Healthy consolidation

As expected, the indices went slightly lower in the morning. Price based nicely (for SPY, right under yesterday's close) and then went higher towards the close. Bullish consolidating action on mediocre volume. This could go on for a few more days, I'm not expecting a huge upday. If that does happen, that might be the end of the rally. We're at overbought levels, so be careful with entering new longs.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Metals were up, outperforming indices while oil pulled back over 1%.
The euro got hit again, down >0.5% and back at recent lows...

Trades
I'm still in the GLD-trade. Gold going higher today.

I went long DANG and SINA. They both went higher on big volume.
Long DANG @5.59, out 5.84.
Long SINA @55.60, out 57.12.
I missed some more gains towards the close, but all in all decent trades.

Some articles for this evening:
Interesting Trade Set Up That I'm Seeing Everywhere
Irrational Expectations
Earnings Estimates
Find a Sound Strategy and Stick With It