Monday, March 11, 2013

Keep On Truckin'

It's getting dull, these 0.x-percentage gains, but that's how these bull markets work. A very effective, slow but steady grind higher for months and months in a row. Here and there a sudden and fierce pullback, only to be countered by the bulls a day or two later. And so far, that is exactly what we are seeing on the charts at this moment...

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
No major moves at all, copper's 0.3% gain is the biggest move between the euro, oil and metals...

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