Thursday, April 3, 2014

Signs Of Trouble For Tech/Small Caps?

While the Dow and S&P500 are still near record territory, tech and small caps seem to be building a lower high and are still lagging the other major indices a lot. Are these the first signs of trouble? Many 'momo'-stocks were selling off today: Facebook, Twitter, Netflix...

Tomorrow the market will move in a tight range until the NFP-numbers come out, before the opening of the regular session.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
The euro went to 1.37 again and seems to get ready for lower prices.
Oil attacked the 100-level again. Successfully so far.
Metals had a minor setback after yesterday's gains.

No comments:

Post a Comment