Friday, May 10, 2013

Small Caps Taking The Lead Again

While DIA and S&P were mainly trading sideways or barely up, tech made better gains. Small caps even managed to make new highs and were clearly leading today.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
A second consecutive bad day for the euro, now under 1.30.
Gold didn't do well either, down about 0.9%. Silver on the other hand managed a small gain while copper was up 1%.
Oil had a very strong bounce today. After losing almost 3%, it bounced back up in the afternoon to end only 0.5% down.

Have a great weekend!

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