Stocks and Precious Metals Charts - The Fat Lady Is Clearing Her Throat - Stock Option Expiration on Friday

By Jesse of Jesse's Cafe Americain

Aug 17, 2021 at 4:59 PM EDT

Stocks slumped again today, but unlike yesterday were not able to recover their losses and close in the green.

Stocks slumped again today, but unlike yesterday were not able to recover their losses and close in the green.

This sort of up and down action is the sign of unstable markets.

However, there is a stock market option expiration on Friday so we need to consider the shenanigans effect of these corrupted markets.

Gold and silver were off a bit, after an impressive string of rallies off the Dr. Evil bottom.

The Dollar rallied and retook the 93 handle.

There will be a stock market option expiraton on this Friday.

Next week we find out how many holes it takes to fill Jackson Hole.

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)

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.

STOCKS IN THIS ARTICLE

Also Mentions:

GLD SLV UUP NDX SPX VIX

Comments

Back to all articles