3pm update - R2K within 3% of a new high

Whilst the broader market is only a little higher, there is notable strength in the second market leader - the R2K, +1.0% in the 1180s. A monthly close >1220 - likely in Dec or Jan', will bode for massively higher levels across 2015. Bears.... beware.


R2K, daily

Summary

The double top of 1212/13 is set to be broken... more likely in January than December, but regardless.. once the R2K is in the 1220s it should be considered a hugely bullish signal for the broader market next year.

Notable weakness, oil/gas drillers, SDRL -3% @ $20.60s... set for 12/10.. worse case in first half of 2015.

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back at the close.