Monday, November 5, 2012


Small caps and tech bounced well today. The Dow and S&P500 were lagging, but indices had a good run in the afternoon and they all ended in the green.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
Oil, gold and silver bounced well after Friday's fall. Especially oil with a +1% gain.
But no bounce for the euro and copper. The euro lost more ground today, copper closed near breakeven.

The euro closing under 1.28 might be the start in a change of direction. This could be more than just another pullback.

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