Thursday, March 27, 2014

New Lows

Although most major indices made new lows, I'm seeing a lot of hammers in individual stocks. Also some volume patterns are pointing to a possible bottom.

5m-chart SPY:



Daily charts DIA, SPY, QQQ and IWM:



Euro, oil, metals
The euro closed below 1.375, next support is 1.365.
Oil went higher, gaining over 1%. The $100 resistance is finally won over.
Metals: minor losses for copper and silver, but gold went down another 0.7%.

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