Friday, December 14, 2012


Indices pulled back some more. It's a little bit the same story as usual. First a positive reaction on yesterday's Fed-news. Than a sell the news-reaction. A pullback here seems healthy, it only depends on how far price will fall.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro was basically breakeven, while oil and copper gained a little bit.
But gold and especially silver got a nasty hit (silver was down over 2.5%).

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