Friday, November 15, 2013

New Highs, Part Three

That's three days in a row now that we are seeing new highs. Except for small caps that is. They are still trading lower than the highs of 2-3 weeks ago. So far, the bulls are still alive and kicking. And with a new Fed Chair(wo)man that doesn't like tapering, the party could go on into the new year.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro is still trading under 1.35, but wants more so it seems.
Oil didn't move much. It's still building a possible short-term bottom and a base under 95 (at least, that is my impression).
Metals: copper was up 0.4%. Gold was breakeven while silver lost a little bit.

Have a great weekend!

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