Stocks and Precious Metals Chart - Who Could Have Seen It Coming?

Stocks made another weak rally attempt in the overnight, and then fell down hard in the trading day, going out near the lows.

The NDX has now hit the 38.2 Fibonacci retracement level for it's long bubblicious rally.

Who could have seen it coming?

Gold and silver continued to move higher.

In all this excitement they pretty much ignored the Comex option expiration today, even though it was for a fairly inconsequential contract month. 

Tomorrow is another day.

The Dollar drifted back over the 96 handle.

The markets will continue to be volatile and dangerous as previously cautioned.

The markets were unstable, with weak underpinnings for lofty valuations.

All it took was a trigger event.

If not Ukraine it would have been something else. 

Are you not entertained?

Have a pleasant evening.

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