Monday, July 30, 2012

Market Is Taking A Breather

After two consecutive updays, it was time for the market to take some rest. After new highs in the morning, indices started trading lower. All major indices went red, but ended the day only slightly under breakeven.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
Not much to say for gold or copper. But silver was shining today, up 1.5%.
The euro lost 0.5% and is trading near 1.225.
Oil was also down over 0.6%.

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