Daily Index Cycle update

US equities ended the month on a moderately weak note, sp -15pts @ 1932 (intra high 1958). The two leaders - Trans/R2K, settled lower by -0.8% and -0.3% respectively. Near term outlook offers renewed upside, at least to the 1970/80s later this week, with the 2K threshold more viable next week.


sp'daily

Dow

Summary

Suffice to add, not the most bullish of ends to a month, but neither was it a decisive victory for the equity bears.

It would still seem the market will manage to see further upside into mid March.. or at the very least, churn sideways in the mid 1900s.

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a little more later...