Saturday, 20 December 2014

Daily Index Cycle update

US equity indexes continued to push higher for a third day, with sp +9pts @ 2070 (intra high 2077). The two leaders - Trans/R2K, settled higher by 0.4% and 0.3% respectively. Near term outlook is for continued broad gains into end year.. and beyond.





*a very notable weekly close for the R2K in the 1190s. New historic highs are coming, possibly even before year end.

So.. the third consecutive daily gain, with the sp' ramping from a Tuesday close of 1972, to a Friday high of 2077... just 2pts shy of breaking a new historic high.

The broader trend has indeed resumed.. and we're headed into the sp'2100s.. and beyond.

Closing update from Riley

a little more later...