Monday, October 28, 2013

Slowly Creeping Higher

Not much movement today. While the Dow and S&P500 made slightly higher highs, tech and small caps consolidated sideways. Looks like your regular bull market so far, slowly creeping higher. Some rest doesn't hurt, since we came from far these last three weeks.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
Just like indices, not much movement in any of them. It almost looked like holiday trading out there today (boring as hell). The euro is still trading near 1.38, oil moved from $98 towards $99 (not there yet), and metals closed mostly near breakeven...

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