Thursday, April 10, 2014


The S&P500 losing 2%, tech down 3%, small caps losing almost 3%. We haven't seen this kind of action in a long time. The daily charts look awful and a little voice inside my head says we haven't seen the bottom yet.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro edged a little bit higher while oil consolidated sideways (down small).
Copper closed under breakeven, but gold and silver gained nicely.

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