Wednesday, September 12, 2012

Still No Clear Signs Of What's To Come

The market isn't giving too many clues at the moment. There were new highs for the Dow, S&P500 and small caps, but the market couldn't hold the (mediocre) gains and most indices closed basically flat.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
After gapping up, metals started to drop fast early on in today's session.
Metals were able to recover partly from early losses, oil didn't but was not down that much.
The euro actually went higher to almost 1.295 and then dropped back exactly to the 1.29-level.

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