Tuesday, February 12, 2013

Slowly Creeping Higher

Indices made new highs, except for tech which consolidated some more. And this mainly thanks to AAPL, losing 2.5%. The new highs were made on low volume, but that doesn't necessarily means the rally is over. Volume could come in at any time, or not at all. As long as we creep higher at current pace, this rally could stay alive for a couple more weeks...

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
They all went up, with the biggest winner being copper (0.5%) and the smallest win for gold (0.1%)
So not much movement, just like the indices. The calm before the storm?

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