Stocks And Precious Metals Charts - Wash And Rinse Cycle

Stocks were hammered into the close after trading weakly most of the day. 

The broader Russell 2000 was signaling the weakness, and the SP and NDX played catch up.

I came in short equities and closed them out into the close ahead of the CPI data tomorrow. 

These markets seem to be locked onto a permanent wash and rinse cycle.

Stocks need to make a new high, badly.

Gold fell, and silver was hammered lower back down to $22.

The VIX bounced higher off its moving averages.

Let's see what tomorrow brings.

Have a pleasant evening.

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Disclosure: Information in “The Felder Report” (TFR), including all the information on the Felder Report website, comes from independent sources believed reliable but accuracy is not ...

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