Saturday, 28 February 2015

Daily Index Cycle update

US equity indexes closed lower for the third consecutive day, sp -6pts @ 2104. The two leaders - Trans/R2K, settled lower by -0.6% and -0.5% respectively. Near term outlook offers the sp'2060s, before renewed upside into April/May.


Nasdaq comp', daily


Suffice to say... despite all the cheer leading on clown finance TV about Nasdaq 5K... it again fell shy.

It looks like we have a short term top of sp'2119... with a minor retrace to the 2060s by next Wed/Thursday.

Closing update from Riley

a little more later....