Daily Index Cycle update

US equities closed moderately higher, sp +4pts @ 2112 (new historic high 2120). The two leaders - Trans/R2K, both settled higher by 0.5%. Near term outlook remains bullish, not least helped by the USD that appears in the process of a key downside break of the upward trend.


sp'daily5

Nasdaq comp'

NYSE comp'

Summary

*notable new post 2009 high in the Nasdaq, with a historic high in the 'master index' - NYSE comp', and the sp'500.
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Little to add.

Broader trend remains bullish... as earnings continue to come in 'reasonable'. 

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a little more later...