Monday, May 6, 2013

Sideways Consolidation

Back from a 3-week holiday in the US. I visited NYC, Washington DC and Florida with my girlfriend. It was great fun, but now it's time to get back to work!

Today was a day of consolidation after Friday's jump higher. Indices performed well and this sideways action is bullish. Even a small pullback to the breakout point wouldn't hurt.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
Not much movement in either of them. Copper and silver both lost 0.4%. The others barely went up or down.

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