US equity indexes closed significantly higher, sp +21pts @ 1951 (intra
low 1925). The two leaders - Trans/R2K, settled higher by 1.1% and 0.9%
respectively. Near term outlook offers a weekly close in the 1965/75
zone, and that will continue a short-stop cascade all the way to the
psy' level of sp'2K.
sp'daily5
Dow
Summary
Suffice to add, a decisive close above the 50dma for the sp'500 and Dow'30, and both indexes look set to climb a further 3% or so into mid March.
From there.. things start to get real interesting again.
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a little more later...
