Friday, 20 November 2015

Daily Index Cycle update

US equities closed moderately mixed, sp -2pts @ 2081. The two leaders - Trans/R2K, settled +1.0% and -0.4% respectively. Near term outlook offers threat of a minor retrace, but regardless of any such decline, the broader trend remains increasingly bullish... into the sp'2100s.




*notable weakness in the second market leader - R2K, but even so, its holding well above the Monday low of 1140.

As for the sp'500, a fractional new high for the week of 2086.. and regardless of any Friday-opex weakness to the 2070s.... it has been a week for the equity bulls.

a little more later..