Wednesday, January 15, 2014

New Highs!

Most major indices managed to make new highs, except for the Dow that is. Technically, the break lower from two days ago (out of a range) was rather a fake move lower than a pullback. We could see a big move higher next.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro dropped 0.5% to 1.36. Needs to hold 1.355.
Oil rallied 2% and is now trading at 94.5. It took a while, but we finally see a bounce in oil.
Metals were mixed, but no big moves. Copper gained about 0.5%, gold and silver were mildly down.

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