Tuesday, November 27, 2012

Divergences

Major indices are still trading sideways, Dow and S&P500 that is. Tech and small caps made higher highs, just like yesterday. Interesting to see how this divergence between indices will work out!

5m-chart SPY:



Daily charts DIA, SPY, QQQ and IWM:



Euro, oil, metals
They all moved mildly lower, together with the indices. 'Best' performer was copper, almost breakeven. Worst one was oil, down 0.6%.

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