Tuesday, August 6, 2013

Pulling Back Into The Range Again

Indices pulled back today, about 0.5% to 1%. For the Dow and small caps this means they are trading back into the range they were stuck in for the second half of July. The S&P500 could just hold the top of that range. Tech did a lot better, thanks to the nice rally from last week.

5m-chart SPY:


Euro, oil, metals
The Euro finally managed to close above 1.33, but not by much.
Oil pulled back some more to $105 and bounced only a little of this level.
Metals: copper was slightly green, but silver lost 1% and gold dropped 1.4%.

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