Thursday, September 19, 2013


Indices didn't move much, certainly not considering the moves they made the day before. Nice consolidation today. A few more of these and we might see new highs soon. Heck, maybe tomorrow, who knows. But with tomorrow being quadruple witching, you never know.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro is still hovering near the same level => consolidation.
Oil pulled back about 1.5%. Quite a lot, but it's still well above Tuesday's lows.
Metals did well, considering the great gains they made yesterday. You would expect a pullback, but gold and silver traded almost breakeven/with small losses. Copper on the other hand went almost 2% higher.

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