Monday, February 24, 2014

Breakouts For Some Major Indices

The Dow is one big index not making new highs. Although small caps only touched previous highs and didn't really make new ones. But the S&P500 and tech are doing great and giving an interesting signal. If only small and big caps could confirm later this week, that would be great.

The only thing to worry about for the bulls: the close today was very poor...

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro is still going sideways, just like oil.
Metals were mixed with copper losing almost 1% (but bouncing well of the lows) while gold and silver gained 1%.

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