Market Analysis, Charts, Macro-Economics, and other nonsense
Saturday, 15 August 2015
Daily Index Cycle update
US equities ended the week on a moderately positive note, sp
+8pts @ 2091. The two leaders - Trans/R2K, both settled higher by 0.6%.
Near term outlook remains unchanged, with renewed weakness, ideally to
the sp'2040s, with Dow 17000, and that should equate to VIX in the 17s.
sp'daily5
Dow
Summary
Little to add.
Despite a net daily gain to end the week, it remains a series of lower highs and lower lows since most indexes peaked in mid May.
