Friday, 13 March 2015

Daily Index Cycle update

US equities closed with rather significant gains, sp +25pts @ 2065. The two leaders - Trans/R2K, settled higher by 1.2% and 1.7% respectively. Near term outlook offers a continued rally to 2075/80... but there is very significant risk of the market reversing from there.




*powerful gains for the R2K/Trans... which were leading the way yesterday.

Little to add.

Market looks set for further gains tomorrow.. but will likely get stuck around sp'2075/80. A break into the 2100s will be out of range if market gets even remotely annoyed with what Yellen says next Wednesday.

Closing update from Riley

a little more later...