Friday, 1 April 2016

Daily Index Cycle update

US equity indexes closed moderately mixed into the March/Q1 close, sp -4pts @ 2059 (intra high 2067). The two leaders - Trans/R2K, settled -0.3% and +0.3% respectively. Near term outlook offers a retrace, at least to the sp'2000/1990 zone.


Nasdaq comp'



sp'500: micro chop.. but leaning a touch weak. It is notable that the 200dma is at 2016, with the lower bollinger set to lurk in the 1990/2000 zone across first half of April.

Nasdaq': stuck under the key 4900 threshold.

R2K: a fractional new cycle high, and still a clear 2% from the 200dma of 1141.

a little more later.. to wrap up the month.