Friday, February 17, 2012

To Be Continued...

Quite a gap up this morning, it got faded towards yesterday's close which acted as support. From there on a boring, slow grind higher that brought DIA and SPY back towards the morning highs (QQQ and IWM not so much). So basically a type of consolidation day for most indices.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Metals: what a nasty reversal on copper today! It lost a lot more than gold and silver, also both in the red.
Euro: up a bit, struggling again with the 1.32-level.
Oil: had a great week! Up every day and gained 4% in that period.

Articles for tonight:
CPI about in line, core rate highest since Sept '08
All Eyes On Copper
A Significant Change of Character in the Yen

And don't forget: Monday is President's day, so US stock markets are closed!

Have a great weekend!

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