Stocks and Precious Metals Charts - Survey Says - Option Expiration on Friday

By Jesse of Jesse's Cafe Americain

Jun 15, 2022 at 4:39 PM EDT

Tomorrow's market action will be much more telling as we roll into another option expiration.

The Fed decided to take the easy 75 that the bond market smoothed the way for them today.

Stocks took it positively after a few starts and stops and managed to come off their oversold condition.

Tomorrow's market action will be much more telling as we roll into another option expiration.

After a day of more shenanigans, gold and silver found their footing and bolted higher.

So we had a sell the rumor and buy the news event.

Let's see how the rest of the week goes.

Have a pleasant evening.

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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.

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