Tuesday, August 28, 2012

Waiting For Friday/Jackson Hole

Another close range today, no big moves on indices at all. They seemed to be building bases all day long. But there was no breakout following that base.

A key element many people are waiting for is Jackson Hole and what Helicopter Ben will say there. But that's only just Friday, so we'll have to be patient.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro and oil were up 0.6% and 0.7%. Silver didn't do bad either, gold ended just in the green.
Copper was the only loser, down almost 0.5%.

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