Friday, March 15, 2013

Weak End Of The Trading Week

A small pullback today, only small caps (after leading yesterday) could resist and closed near the breakeven point. Another ok week for indices although the gains are minimal. And Nasdaq is still lagging. Tech is trading sideways for 8 sessions now. Looks like a big move (up or down) is coming.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro and oil both kept moving up, in the same spirit as yesterday.
Another mixed day for metals though, and not that much movement. Copper was down 0.5%, silver and gold weren't far frow breakeven.

Have a great weekend!

No comments:

Post a Comment