Friday, April 27, 2012


AMZN smashed expectations, very good numbers were rewarded with a 15.75% gain. How about that?!

Now over to the action in indices. A small gap up got faded and most indices retraced a tiny bit under yesterday's close (small caps pulled back some more). The bounce was good but during midday a longer consolidation followed. In the afternoon price broke higher and we finally saw some volume. But only half an hour later, the rally stalled and price returned to the breakout-point. From there on price went mostly sideways to eventually turn a bit lower in the last 10 minutes of the session.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
Gold and silver were up similar to indices, but copper outperformed (+1.5%)
Oil and the euro both made minor progress.

Have a great weekend!

No comments:

Post a Comment