Wednesday, September 4, 2013

A Decent Close For Once

Finally a day with a decent close and a bullish outlook. But one close near the high of day doesn't guarantee that we are off for another great rally...

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro fought back to recover the 1.32-level, but nothing more than that.
Oil lost well over 1% and is now sitting just above $107.
Metals also did bad today and gave back all of yesterday's gains. Gold was down 1.3%, copper lost 1.6% and silver even 3%.

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