Thursday, 26 February 2015

Daily Wrap

US equities closed moderately mixed, sp -1pt @ 2113 (intra high 2119). The two leaders - Trans/R2K, settled -0.5% and +0.1% respectively. Near term outlook continues to offer a minor retrace to the 50dma.. in the sp'2050s next week. The broader trend remains powerfully bullish... with Nasdaq 5000s due.


Nasdaq Comp' daily


Suffice to say... it remains a case of new historic highs... each day.

At best.. equity bears have a small hope (as arguably reflected in the VIX) of a minor retrace to the sp'2060/50s by mid March.

Closing update from Riley


Looking ahead

Thursday will see the usual weekly jobs, CPI, Durable Goods, and FHFA house price index.

Goodnight from London