Tuesday, January 28, 2014

A Bounce!

So maybe yesterday was the bottom! Or at least a short-term bottom. Today ended with nice gains for most major indices except Nasdaq. Tech was 'only' breakeven due to bad AAPL-performance. The once so admired stock lost over 8%!

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro is still trading under 1.37. A bullflag is still possible after a nice intraday bounce.
Oil went up 1.5% and is back near recent highs and looks to be setting up for higher prices.
Metals ended the day practically were they started it, so breakeven.

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