Friday, 6 February 2015

Daily Index Cycle update

US equities higher for the third day of four this week, sp +20pts @ 2062. The two leaders - Trans/R2K, settled higher by 0.9% and 1.4% respectively. Near term outlook is bullish into the monthly jobs data, with a viable weekly close in the sp'2070s... with VIX 15/14s.





US equities sure have seen some rather volatile chop since early December... but if the bulls can break above sp'2064 tomorrow... it bodes for renewed upside.

a little more later...