Friday, 17 April 2015

Daily Index Cycle update

US equity indexes closed a touch weak, sp -1.6pts @ 2104 (intra high 2111). The two leaders - Trans/R2K, settled u/c and -0.2% respectively. Near term outlook remains broadly bullish, with new historic highs due for all US indexes.. even the Nasdaq Comp'


NYSE Comp'


*a fractional new historic high in the NYSE Comp'

There is little to note, on what was a quiet day of minor price chop.

It would still seem the sp'500 will be trading in the 2120/30s within the near term. Whether the market can keep on pushing.. to the 2170/80s by June... difficult to say.

Closing update from Riley

a little more later...