Monday, March 3, 2014

Market Seems Vulnerable

The problems over at Ukraine, involving Russia, are bringing fear and doubt into the mind of traders. Indices were down near 1% in premarket and lost some more early on in the session. With lunchtime came also the bounce which brought us back almost to the high of the session. But in the last hour prices dipped again. Major indices closed with losses between 0.6% and 1%.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

(edit 03/04/14: wrong chart, removed today)

Euro, oil, metals
The euro pulled back after Friday's big rally. Now close above 1.37 again.
Oil had a great day, rallying 2%!
Metals were mixed with copper down 0.7% and gold up 2%, silver gaining 1.3%.

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