Monday, May 5, 2014

Gap Down And Up Again

Indices went lower in pre-market to open the session with quite a big gap. After some more weakness in the morning, a big bounce followed, putting most indices back in the green. Only small caps didn't manage to get back in the green. Tech was leading over the other major indices.

5m-chart SPY:

Daily charts DIA, SPY, QQQ and IWM:

Euro, oil, metals
Not much movement in the euro, but nice base under 1.39 for quite a while.
Oil went back under $100. Bulls want it to hold the $99-level.
Copper went down while silver and gold gained nicely.

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