Monday, November 12, 2012


Not much movement on the indices, today was an inside day. Meaning, today's candlestick remained in the range of Friday's candle. Indices ended practically breakeven, a non-event if you will. Traders could take a position tomorrow, taking only a small risk by going long if today's high is taken out, or going short if today's lows are broken. You're stop-loss would be the opposite side of today's candle.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
Oil, gold and silver all underwent small losses today. Copper on the other hand was a small winner.
The euro keeps trading just above the 1.27-level.

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