Saturday, 25 April 2015

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.


Nasdaq comp'



*Trans remains relatively weak, and equity bulls should be seeking a weekly close in the 9300s in May/June.

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.

a little more later...