We opened with a small gap up and soon went higher. After half an hour, slow consolidation started and a slow move up brought us back at the Wednesday pre-market levels (1250 on S&P-futures and 125.40 SPY). Another sideways consolidation followed right until the close. The last minutes of the session didn't bring any volatility or a break either.
5m-chart SPY:
Daily charts DIA, SPY, QQQ and IWM:
Another day with copper acting rather strong and silver and gold dropping some. Oil had a nice 3-day rally back to the 100-level, but needs to consolidate here. The euro is still hovering just above the 1.30-level.
To close off, some articles:
You Are Here
Cycles and Investment Styles
Global Earnings Estimates Analysis
By One Measure, Q4 Earnings Season Is Shaping Up To Be The Worst In 10 Years
Greece's Creditors Resist Push for More Losses
What Really Caused The Eurozone Crisis?
Rail Traffic Also Bucking Trend
Daytraders only: What is your giveback rule?
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