Thursday, December 5, 2013

Waiting For Tomorrow (NFP)

Not much going on today, some chopping around. Only noticeable thing, tech and small caps were outperforming the other major indices. It seems that the market is waiting for the job-report (NFP) coming out tomorrow pre-market.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
After setting up the last couple of days, the euro finally cleared the 1.36-level and is currently trading near 1.3770.
Oil seems to be topping out between 97-98 and is in need of some rest after the nice gains earlier this week.
Metals pulled back quite some after yesterday's big gains. Copper down 0.5%, gold lost 1.3% and silver traded 1.6% lower.

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