Monday, April 30, 2012

Dull Day

A rather boring day... Although indices/stocks pulled back some (especially tech and small caps), there was no notable action going on. After the morning pullback, indices traded sideways for most of the day. There was a false breakout lower near the end of the session, followed by a small 'rally'. The volume today was very low and this is actually good consolidating action after the couple of updays from last week.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
While gold and copper moved up, silver lost territory. Oil on the other hand traded near breakeven, as did the euro. Just like in equities, not much action going on here...

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