Monday, March 10, 2014

Small Pullback But A Strong Close

Indices pulled back in the beginning of the session, but after a good rally in the afternoon, they all ended near breakeven (small loss for small caps). This bull is still alive (and kicking).

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro closed nearly unchanged, but oil pulled back again, now trading at $101. Oil looks toppish... (a close under 100 would confirm that)
Metals were mixed with not much movement for gold and silver, but copper lost another +1%.

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