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!
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