Monday, February 11, 2013


Friday's higher prices held today, which confirms the new highs (so far anyway). Volume was light, but that's not uncommon when price consolidates. Not much more to say than to wait for the next leg higher which seems just around the corner. If so, will this be the last sprint to the top?

5m-chart SPY:

Daily charts DIA, SPY, QQQ, IWM:

Euro, oil, metals
The euro tried to get back over 1.34, but couldn't hold it.
While metals all lost big (gold and silver over 1%), oil gained 1.3% and is now back at 97 (an important level in the last 3 weeks. A good close above is bullish, maybe that will happen later this week?)

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