Daily Index Cycle update

US equities closed somewhat weak, sp -8pts @ 2108 (new historic high 2125). The two leaders - Trans/R2K, settled lower by -0.8% and -1.2% respectively. Outlook is for continued broad upside into May.. if not across the summer... helped by a retracing USD.


sp'daily5

NYSE comp'

Summary

Despite net daily declines for all the main indexes, the most important aspect of the day were the pair of new historic highs in the sp'500 and NYSE comp'

The broader upward trend is unquestionably still continuing.
--

a little more later...