Wednesday, 25 March 2015

Daily Index Cycle update

US equities closed moderately weak, sp -12pts @ 2091. The two leaders - Trans/R2K, settled lower by -0.7% and -0.1% respectively. Near term outlook is for renewed upside into the sp'2120/30s.




*notable weakness in the Transports.. but just about holding rising trend from the Oct' low.

Overall, despite the net daily declines, there is little for the equity bears to look forward to. Main market looks set to grind higher into end month/early April, to the sp'2120/30s.

Certainly, the VIX isn't warning of any real market concern.

Closing update from Riley

a little more later...