Thursday, March 14, 2013

Small Caps Leading Again

Except for tech, the major indices made fresh new highs. Important fact: small caps are leading again, they gained almost 1%, while the Dow and S&P500 had to be content with just over half those gains. Tomorrow is option expiration day. Interesting to see if this will bring weird swings or not.

5m-chart SPY:

Daily charts DIA, SPY, QQQ, IWM:

Euro, oil, metals
The euro bounced hard of the 1.29-level and closed at 1.30.
Oil also closed strong at $93, a gain of 0.6%.
Metals were mixed; copper up, gold breakeven and silver down.

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