Today we saw retrenchment and consolidation in the markets that were rallying enthusiastically yesterday.

The Dollar bounced higher.

Gold and silver fell a bit.

The major stock indices ended up largely lower or unchanged after a volatile day.

The VIX fell.

Earnings reports will be coming now in earnest.

There will be a stock index option expiration next week, but not as significant as this most recent quad witch option expiration.

Have a pleasant weekend.

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