Tuesday, November 12, 2013

More Holiday Trading

More tight ranges in indices, just like yesterday. The market hasn't figured out just yet what direction to take next. With barely any movement and low volume, today looked like another holiday... I can't wait what tomorrow brings, hopefully less boring stuff!

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro made some more upward progress, but not much.
Oil lost big today, down about 2% and retesting recent lows. Is this a double bottom or a new leg lower?
Metals all went downhill, copper and gold lost over 1%, silver even 3%!

No comments:

Post a Comment