Monday, July 2, 2012


After a small move higher early on, the market suddenly dropped fast but stagnated just as quickly. Some consolidation and a slow move higher brought indices back near/above breakeven, with the exception being small caps, they gained 1%.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
Gold and silver traded near breakeven but copper and the euro pulled back.
A bigger pullback for oil, but that's no surprise after the +9%-gains we saw last Friday.

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