Thursday, February 14, 2013


... bull market behaviour. Morning weakness, followed by strength. This bull is far from dead yet. In pre-market, it looked like new lows were made and everything was going down. But then buyers came in again and the market ends close to or at new highs (for small caps).

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro is apparently making a lower high here, back down towards the 1.335 level.
Oil is up little, but it more seems like a sideways move on the daily chart.
Metals are a mixed bag. Copper just above breakeven, gold losing 0.5% and silver is down another 1%.

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