Tuesday, December 4, 2012

Bulls Not Giving Up

Indices traveled over and under yesterday's closing prices to end the session near breakeven. Difficult to say what's next, but the bulls are not giving up just yet, that's for sure.

There are some opposite signals given today. Looking at the daily charts, the Dow prints an inverted hammer, while tech and small caps are printing hammers (a red one for Nasdaq, but still...)
Interesting to see which one of these signals is the right one to take.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
Big moves down in gold and silver (-1% and -1.9%) and also in oil (-0.75%).
Copper traded sideways while the euro reached the 1.31-level and comes close to the September-October resistance (1.315-ish).

No comments:

Post a Comment