Wednesday, February 26, 2014


Not much happening for the major indices, they consolidated and traded inside yesterday's range or at least the range of the current week. The big exception: small caps! They tried to make new highs, but couldn't hold on to them when the market pulled back in the afternoon.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro pulled back, finally breaking the range of the previous six trading days.
Oil went up again and is now trading near $102.50.
Metals all pulled back with copper and gold down almost 1% and silver losing nearly 3%!

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