Wednesday, October 24, 2012

No Bounce Just Yet

Selling the morning gap up would've been good for some quick gains. Indices traded near breakeven before the FOMC-minutes were released. After the announcement, the market slumped a bit more but no big moves.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
No bounce for oil just yet, it lost more than 1% today.
The euro and metals didn't move much. 'Biggest' mover was gold (-0.3%).

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