Wednesday, October 31, 2012

Still No Movement

After jumping higher overnight, futures travelled back lower before the opening of the session and kept doing so until lunchtime brought a bounce. With the Dow and S&P500 near breakeven, Nasdaq down some and small caps up a bit, we're still stuck in the same trading range since the last 5 days.

5m-chart SPY:

Daily charts DIA, SPY, QQQ, IWM:

Euro, oil, metals
Metals did pretty good today, with gains of 0.5% or a little more.
Oil also had a good start of the session, but couldn't hold on to it's gains. Still up 0.5% to +86, but it was trading +87 intraday.
The euro is stuck between 1.29 and 1.30.

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