Wednesday, July 18, 2012

Another Leg Higher

The market rallied right from the open and hit the high of the day at noon. After that, first some consolidation followed and then a small sell-off. But in the last hour, price managed to get back near the high of day level.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro is trading at breakeven, still right under the 1.23-level.
Metals were mixed with copper nicely in the green but silver and gold both red.
Oil was up 0.8% together with indices.

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