Friday, August 16, 2013

Ending On The Lows

Major indices all made new lows, except for tech, the 'leader' of the day. The market is getting oversold at this point. But considering how much we've gained over the past weeks/months, I wouldn't be surprised to see new lows next week. The close today was weak and indices closed near the lows. For now, the bears are still in control.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro traded near breakeven at the close. Oil made minor gains.
Metals had another good day (and a great week!!). Copper and gold were up 0.7-0.8%, silver gained 1%.

Have a great weekend!

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