Thursday, October 24, 2013

Attacking Tuesday Highs

Major indices tried to get back to the highs of two days ago. The Dow actually managed to do just that and was leading the market together with small caps. Nice bounce after yesterday's pullback, will we see new highs tomorrow?

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro is trying to overtake 1.38, now sticking right at that level.
Oil made it back near $97 after making new lows in pre-market. Seems like a short-term bottom is in. But never say never...
Copper didn't move much, but silver and gold did well with gains of 0.6 and 1%.

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