Thursday, March 6, 2014

New Highs, Waiting For NFP Tomorrow

New highs for most indices, but it seems the market is waiting for the NFP-report tomorrow. Will it bring a rally to the 1900-level in S&P500, or do we see a retest of previous breakout-levels (1850-1860)?

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
A big move and a close on new highs for the euro, now trading at 1.385. Significant today was the weakness in the dollar.
Oil bounced near the $100-level and is now back at $102.
Metals were doing fine. Copper up 0.6%, gold gaining 1% and silver rallying 1.5%.

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