Monday, June 3, 2013

Consolidation

After new lows late in the morning, indices got back up their feet and made a run towards the morning highs. They all finished in the green, even tech which was lagging big today. Only small caps couldn't break their morning high, but were still the biggest gainers today, together with the Dow.

5m-chart SPY:



Daily charts DIA, SPY, QQQ and IWM:



Euro, oil, metals
The euro made another 'run' higher to 1.31 and now needs to get to 1.325 and close above to get really bullish.
Oil had a great day moving 1.5% higher. And also metals were doing well. Copper up 1.2%, gold 1.9% and silver 2.5%!

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