Thursday, February 6, 2014

Nice Move Higher

Indices did well today with nice moves higher and the Dow and S&P closing near the high of the day. Tech didn't lag much either but a whole different story for small caps, trailing about 0.5% today.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro finally bounced higher and arrived at the 1.36-level.
Oil tried to break higher but still has difficulties with $98.
Metals were mixed with gold breakeven and silver and copper up.

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