Morning pullbacks seem to get deeper, selling off on more volume. Is there a change in sentiment starting? Or is this just the strong hands shaking out the weak hands? Time will tell I guess. However, the dips still get bought, today was no different. Tech keeps leading the rallies, which is positive. That's exactly what you want to see in a healthy rally. But small caps keep lagging and trading sideways. Of course, they were the biggest mover last week and probably still need to digest that move.
5m-chart SPY:
Daily charts DIA, SPY, QQQ and IWM:
While gold and silver are continuing to build a nice base, oil is flirting with the 100-level again.
At the same time, the euro is trying to overcome 1.33.
Articles for tonight:
Remember the "stay dollar denominated" Meme?
Insiders Are Selling Heavily
Bank of England pumps more cash into economy to support recovery
Making One Good Trade With Mike Bellafiore
Futures returns math and how you might be taking too much risk
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