Wednesday, February 19, 2014

Market Weakness

Today, indices gave back some gains after a sharp V-run the last two weeks. It's time for a pullback before we can even dream of new highs.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro consolidated above 1.37.
Nice gains for oil, up another percent at $103.
Metals went lower with silver the biggest loser, down over 2%. Not really a surprise after the action the last few days.

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