Wednesday, April 2, 2014


The Dow and S&P500 managed to make new all-time highs. But tech and small caps are still far behind, lagging about 1.5% on the other two major indices. Or they will play catch-up or... Someway or the other, this divergence will be resolved.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro is still stuck between 1.37 and 1.38.
Oil pulled back a little bit.
Metals: copper didn't move much, but a small bounce for gold and silver (<1%).

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