Friday, June 14, 2013


Indices consolidated yesterday's great gains. We got a pullback during most of the morning and then a sideways range in the afternoon. So far, still constructive action and bullish. On the daily charts we see bullflag-patterns.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro was consolidating yesterday's move, trading near that 1.335-level.
Oil had another run higher, now sitting near 98.
Metals all made progress, with silver being the outperformer, +1.2%.

Have a great weekend!

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