Daily Index Cycle update

US equity indexes closed a little higher, sp +4pts @ 2117. The two leaders - Trans/R2K, both settled lower by -0.3%. Near term outlook remains bullish into May, as earnings have helped reassure the market that things will keep ticking along into the early summer.


sp'daily5

Nasdaq comp'

Trans

Summary

*Trans remains relatively weak, and equity bulls should be seeking a weekly close in the 9300s in May/June.
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Little to add...  a net daily gain.. making for a rather sig' net weekly gain.

There is little reason why the market won't continue to claw higher across next week.. and into early May.
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a little more later...