Tuesday, April 2, 2013

Small Caps Still Very Weak

Very weird to see most major indices printing new highs, with the Russell2000 still near previous lows. Small caps seem to be rolling over at this point. But other indices didn't close that great either. They gapped up and ran higher, but all closed near their opening range.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
A small pullback for the euro, but it's still trading above 1.28. Oil stays close to 97.
Copper didn't move much, but gold was down 1.5% and silver even 2.75%!

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