Tuesday, February 25, 2014

Typical Bull Market Behavior?

Indices went sideways, staying inside yesterday's range. So far, yesterday looks like a fake move higher. But this could also be the typical behavior you get in most bull markets. Up 0.6%, down 0.2% and so on. In the long run, nice gains. On a day to day basis, the action rather looks choppy.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro is still going sideways. That's six days in a row. Expect a big move up or down soon (I would suspect up, this looks like a nice bullflag).
Oil pulled back towards the $102-level.
Metals didn't act well, only gold was (barely) up. Copper and silver both losing more than 0.5%.

No comments:

Post a Comment