Friday, January 11, 2013

Ready For More?

No blog yesterday due to other commitments, but back in business for the last day of the trading week.

Most major indices made new highs or are putting in a nice base, together with last week's top. It looks like the market will grind it's way higher, behaving just like an old fashioned bull market.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
Another big move for the euro, that's two days in a row!
The metals were having a bad day, especially copper, down 1.4%. Oil also went down big early in the session, but bounced nicely, finishing strong.

Have a great weekend!

No comments:

Post a Comment