Wednesday, March 13, 2013

More Rest, But Small Caps Brewing On Something

Major indices had another day of consolidation. Small caps were actually making higher highs. Not that the gains mean that much, but it seems the Russell2000-index is taking the lead again and is ready for more upside.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro made fresh new lows, now close to 1.2950!
Oil traded near breakeven and gold didn't fall to much, but silver and copper both took substantial losses.

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