Friday, February 7, 2014

Another Day Of Nice Gains

Another good follow-through day, that's two in a row now! Indices made more great gains today. The only 'laggards' are small caps, while tech is leading by far! An interesting week with a good bounce for indices since last Wednesday. Will the momentum higher continue next week? Not likely since we already bounced hard in only 2-3 days.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro moved up a little bit.
Nice move by oil, up 2% and now right at $100!
Metals all rose between 0.5% and 0.8%.

Have a great weekend!

No comments:

Post a Comment