Daily Index Cycle update

US equity indexes closed with moderate gains, sp +10pts @ 2107 (intra low 2091). The two leaders - Trans/R2K, settled higher by 0.5% and 0.1% respectively. New historic highs look due for all indexes in the coming days, at least to the sp'2125/35 zone.


sp'daily5

R2K

Trans

Summary

*Trans remains notably weak, and new highs sure won't be easy.
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Little to add. Broader market looks set to climb higher into May.
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a little more later...