Tuesday, 13 October 2015

Daily Index Cycle update

US equity indexes closed moderately mixed, sp +2pts @ 2017. The two leaders - Trans/R2K, settled +0.1% and -0.1% respectively. Near term outlook is for further upside to the 2040/60 zone before the next FOMC of Oct' 28th.




Most indexes settled net higher for the 9th of 10 trading days.

With the 'old leader' -Transports, breaking above declining resistance/trend, it looks headed for the 200dma in the 8500s... along with sp'2060.

a little more later...