Monday, March 17, 2014


Indices all gapped higher and bounced nicely compared with Friday's close. But we see the Dow and S&P500 close near the highs on the daily charts, while tech and small caps close near the low of the day. Difficult to predict how this will end. So far, the dip buyers are right.

5m-charts SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro is staying steady above 1.39, closing on new highs.
Oil pulling back 1% and near $97-97.50. Double bottom or getting ready for the next leg lower?
Metals lost between 0.4% and 1.2%.

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