Friday, October 25, 2013

Gains, But Not For Small Caps...

... because they actually traded breakeven. Today, tech was leading. Kind of surprising maybe, with AAPL and GOOG both down 1%, but lots of earnings came out today/yesterday after hours.

Looking at the bigger picture (the weekly charts), major indices only made small progress, but they went forward nonetheless. And those small gains aren't really a surprise after last week's big moves!

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro is still moving sideways around 1.38.
Oil bounced nicely, up almost 1% and trading at $98. Keep an eye on that $96-support level!
Metals were mixed with copper breakeven, gold up 0.5% and silver down 0.6%.

Have a great weekend!

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