Tuesday, 21 April 2015

Daily Index Cycle update

US equity indexes closed with borderline significant gains, sp +19pts @ 2100. The two leaders - Trans/R2K, settled higher by 1.7% and 1.0% respectively. Near term outlook is bullish, with new historic highs due on all indexes.




*second market leader - R2K, close to breaking last weeks new high of 1278.

There is little to add... it remains pretty choppy from day to day.. but certainly the broader trend remains bullish... lead by the R2K and NYSE Comp'.

Closing update from Riley

a little more later...