Tuesday, April 22, 2014

Is The Volume A Problem?

Indices booked nice gains with small caps taking the lead today, closely followed by tech.
This is the fifth straight day with gains and I can't help it notice that volume is rather on the low side, especially with this being a day with bigger gains.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro didn't move much, it's still hovering near the 1.38-level.
Oil had a bad day, losing 2%.
Metals were mixed with small gains for copper and silver. A small loss for gold.

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