Tuesday, November 26, 2013

Tech And Small Caps To New Highs

The market made another move higher towards new highs in all major indices. While the Dow and S&P500 closed breakeven, tech and small caps outperformed and were clearly leading. An ugly close, the last 15 minutes of the session were too much for the Dow and S&P. Tech and small caps on the other hand barely pulled back in comparison.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro overcame resistance at 1.355 and closed at the highest level this month.
Oil is going sideways, stuck in a range between $93 and $95.5-ish for almost a whole month.
Metals: they all went down between 0.5% and 0.7%.

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