Tuesday, December 18, 2012

Another Day Of Good Gains

The market went up for the second day in a row with tech and small caps leading (Nasdaq was up over 1.5%, Dow lagged, but still up almost 1%). The indices are making new multi-week highs and are doing that on good volumes. Having said that, we've seen two great updays in a row, so better expect some consolidation tomorrow.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro and oil rallied together with indices. But metals got punished and lost 0.5% (copper) right up to 1.9% (silver).

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