Friday, May 17, 2013

A Strong Close Of The Week

The major indices made fresh new highs (albeit only just for the Dow) and closed the week strong. As said, the Dow was lagging a little bit today, strongest index was the Russell2000, followed by the S&P500 and tech as close seconds.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
Another move lower for the euro, now trading just above 1.28. First major support is 1.275, coming close now.

Oil made another move higher, up almost 1%.

Copper did good, going 0.7% higher. But gold and silver both lost around 2%, more big losses for precious metals.

Have a great weekend!

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