Monday, December 30, 2013

Family vs. Trading

The days just before and after Christmas, are days you better spend with your loved ones than trading 24/7. First of all, they are your family, right?! And second, what good is it to sit behind the desk all the time on days like today. Tight ranges in indices, volumes are low... Typical holiday trading. Ok, a good day trader will make money, even on days like today. But if you use longer timeframes, take some time of to spend with your family. That's exactly why there wasn't a blog post on Friday and why there won't be one tomorrow. And frankly, I wish I took today off as well :)

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
After the spike on Friday, the euro is trying to get back over 1.38. Now right at that point, we're looking at the resistance-level for 2013.
Oil pulled back 1%, under the $100-level.
Not much happening for copper, but big moves lower for gold and silver, down between 1.4% and 2.2%.

Have a great year end, party like it's... well, still 2013!
The best wishes and the best of luck for 2014!

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