Tuesday, November 6, 2012


The Dow, S&P500 and small caps were doing great today. Tech however couldn't confirm. Probably because stocks like Apple and Google were printing red numbers for most of the day.

Difficult to say if today's performance had anything to do with the elections. But if the results from the latter are too surprising, we could see a reversal of what happened today...

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
Indices did good today, but their gains were weak compared with oil and silver (gaining +3% and 2.8%).
Copper and gold also performed great (up between 1.2% and 1.9%). But the euro couldn't hop along the election-train. It's still trading near that 1.28-level, the make or break area.

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