Sideways Action

After the recent gains, especially after yesterday's huge move, some consolidation was to be suspected. And that's what happened today, mostly sideways action. No big pullback, so far I still see bullish action. The only underperformance came from small caps, losing 1% where Dow and tech were trading in the green.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro moved more or less in correlation with indices. Oil did the same, although intraday it broke down through the 105.50-105.65 level which often has been support.
Metals got a kick in the teeth today; copper and silver lost over 1.5%, silver dropped +3%.


Trades
I sold BONE (average @3.29, +2.35%) since it wasn't moving the last few days (not even yesterday). And with earnings coming for this stock (03/22), I didn't want to hold on to it for too long.

I bought some more LNKD on the pullback this morning @92 but with a rather tight stop. Out on the new position per 91.25, but still holding a big part of the original buy from 03/08 (in 87.50).

Still holding INSP which is acting strong and is my biggest winner from the last two weeks.


Articles for tonight:
What's Next for Gold?
All tells eventually die, case study, the Euro
Are You An Overconfident Trader?