Monday, April 14, 2014

Gap Up Got Faded, Big Bounce Near The Close

A decent morning gap higher got faded in the afternoon. Price travelled all the way back to Friday's close and then bounced very hard in the last 45 minutes of the session. Nice candles for the Dow and S&P500, tech looks not bad either, only small caps are lagging (again). Interesting start of this short week (on Good Friday, the market is closed).

5m-charts SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro dropped half a percent. Oil traded sideways.
Metals were mixed with copper and silver near breakeven and a nice gain for gold!

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