Wednesday, April 9, 2014


The market had a nice follow-through day after Tuesday's bounce. Indices were already going higher in the morning, but they got the biggest move in the afternoon on FOMC-news. Tech was leading the party (over 1.5% gains), followed by small caps. The Dow and S&P500 gained 'only' a fat 1%.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro moved nicely higher on the FOMC-statement, it's now trading at 1.385.
Oil gained another 1% and is only 1 point away from resistance (last month high).
Metals didn't move that much. While copper was breakeven, silver lost 0.5% and gold made minor gains.

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