Monday, March 24, 2014

Weakness In Tech And Small Caps

While today wasn't that bad for the Dow and S&P500 (respectively breakeven and small losses), tech and small caps acted much weaker. Small caps were among the biggest losers, down over 1%.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro made a nice move higher, now trading at 1.384.
Oil is still being held back by the $100 resistance level.
Metals: copper is still trading sideways, but both gold and silver made another move lower, losing over 1.5%.

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