Stocks And Precious Metals Charts - Wait And See

Stocks gapped higher on the open and then drifted back to their open during the day.

Gold and silver struggled to maintain their recent rally.

The Dollar gained some of its recent loss back.

This does smell like a setup for a thorough wash and rinse in equities, probably tied to some Fed and interest-related rationale.  

We'll have to wait and see. 

Quarterly stock index option expiration next week.

Let's see what four witches have in store for us.

The air has cleared considerably up in the hills, and rains over the weekend may help the rest.

Have a pleasant weekend.

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More By This Author:

Stocks And Precious Metals Charts - The Endless Cycle
Stocks And Precious Metals Charts - The Old Wash And Rinse
Stocks And Precious Metals Charts - It Can't Happen Here

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