Wednesday, February 5, 2014


The market didn't move much, compared with yesterday. Is this a bearflag building or a (short-term) bottom? Fact, tech and small caps underperformed. But just like other major indices, I see nice hammers on the daily charts. Thus, one would expect higher prices tomorrow.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro is still moving sideways just above 1.35.
Oil closed breakeven, basically going sideways the last couple of days.
Metals: gold and copper didn't move much, but silver was up about 2%.

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