Thursday, June 20, 2013

Thursday, Bloody Thursday

I'll let this map do the talking...:

Lots and lots of deep-red here. We opened with a gap lower and after more selling in the morning, a bounce followed during lunch time. But in the afternoon the selling continued right into the close (look at the volatility on the 5m-chart for SPY in that last hour). This definitely looks like the selling isn't over yet, we could see some more panic tomorrow.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro lost another 0.5%, not nearly as bad as the losses in oil and metals. Here it comes:
- Oil: -3.5%
- Copper : -2.9%
- Gold: -5.2% (GLD)
- Silver: -7.8% (SLV)

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