Wednesday, March 26, 2014

Getting Ugly

All in all, the Dow and S&P500 don't look that bad, certainly not compared to tech and small caps. While tech lost 3% top to bottom in the last 4 trading sessions, small caps did even worse, losing over 4%.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro is holding on to 1.38. A close under 1.375 could point to a possible trend change.
Oil broke back above 100, nice but slow move higher of that double bottom at 97-97.5!
Metals: all dropped quite some. Gold managed to keep the losses under 1%. Silver and copper lost 1.2% or more.

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