Stocks and Precious Metals Charts - No One Sees What They Don't Want to See

Apr 14, 2022 at 5:38 PM EDT

Stocks flopped at the end of the holiday-shortened week, going out near the lows. Gold and silver backed off a bit from their points of breakout.

Stocks flopped at the end of the holiday-shortened week, going out near the lows

Gold and silver backed off a bit from their points of breakout.

The Dollar reclaimed the 100 handle.

The VIX bounced back higher off its moving average.

The major indices are on support.

We need to be watchful to see if they can gather themselves together and stabilize, or continue to decline and set a lower low.

That would be bad news for bully.

But let's see what happens.

Have a pleasant weekend.

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Disclaimer:

These are personal observations about the economy and the markets. In providing information, I hope this allows you to make your own decisions in an informed manner, even if it is from learning by my mistakes, which are many. As a standing policy, I never provide individual investment advice to anyone. I will only occasionally disclose my personal positions for the purposes of illustration. Understand that my own circumstances could differ greatly from your own, and therefore what is suitable for me may not be suitable for you. My comments are intended to be reflections on general macro financial and economic events and trends.