Monday, November 4, 2013

Small Caps Bouncing

Not much action in most major indices, except for small caps! They bounced and gained over 1%. They are still lagging the other indices at this point, but a nice bounce nonetheless!

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro went back over 1.35, after a premarket move lower. Nice bounce and hammer on the daily chart. Get ready for more upside tomorrow. Euro-bulls want to see follow-through.
Oil bounced at 94, went back up to 95 but couldn't hold the level. Now near breakeven.
Metals couldn't bounce. Gold was breakeven, but copper fell 1.3% and silver lost another 1.2%.

No comments:

Post a Comment