Talking about a big gap down! Wow! NFP-numbers were abominable. That caused a huge gap down on the major indices. But they all worked their way back up again to close strong on the high of day (only tech lost somewhat biggish, down 0.8%). Still, this doesn't mean bulls are back in control. Will this dip be bought again? That's the question. Today that was the case, but follow-through is needed.
5m-chart SPY:
Daily charts DIA, SPY, QQQ and IWM:
Euro, oil, metals
Another great day for the euro, up about 0.5% and at the 1.30-level. Oil lost big at first but bounced again on 92 and finished down little at 93.
Copper didn't move much, but gold and silver bounced big, both up over 1.5%.
Have a great weekend!
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