Tuesday, March 12, 2013

A Day Of Rest

Today was a day of sideways action/small pullback, depending on which major index you're watching. Tech looked a bit weaker today, with big caps breaking even on the close. Not much to say, wait for tomorrow and see if there will be more higher highs or another day of consolidation.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro is still pinned between 1.30 and 1.31.
Oil however broke higher, but couldn't really hold on to the gains. Still up 0.5% at the end of the day.
After days of more or less sideways action, finally a good upday for all of the metals.

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