Thursday, October 17, 2013

More New Highs, Except For Blue Caps

Major indices made more higher highs after a gap down. Except for the Dow that is, which just reached yesterday's closing levels. So far, the rally continues...

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro made a big move, up 1% and went firmly over 1.36. It's actually already closing in on the 1.37-level which is the high of the year (early February).
Oil dropped big, down more than 1.5% and trading right above $100.
Copper dropped 0.5%, but gold and silver rallied hard. Gold up 3%, silver 2.5%!

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