Stocks flipped over and dropped down to test the prior lows.
After the bell Alphabet and Microsoft reported earnings and further roiled the volatility of the NDX.
VIX and the Dollar rose sharply.
The Dollar is now sporting a 102 handle on the DXY index.
The Dollar strength is essentially the inverse of weakness in the Euro, Pound, Yen, and Loonie.
Gold bounced up a little while silver fell a bit lower.
We had a minor option expiration for the precious metals on the Comex today, more significant for silver than gold.
The miners were caught up in the equity selling for the most part.
The NDX has set a second low.
The SP 500 is on the edge of confirming.
Let's see what happens.
Nothing is certain here. But the risk is pronounced.
But all in all, it's a more peaceful view from higher ground.
Have a pleasant evening.
(Click on image to enlarge)
(Click on image to enlarge)
(Click on image to enlarge)
(Click on image to enlarge)
(Click on image to enlarge)
(Click on image to enlarge)
(Click on image to enlarge)
(Click on image to enlarge)
Comments
Log in or sign up to join the conversation.