Stocks And Precious Metals Charts - Who Could Have Seen It Coming? - Option Expiration Boogie Woogie

The ECB bid au revoir to nominally negative interest rates today. 

And so the euro rallied and the Dollar declined a little further into the 106 handle, which is still rather elevated.

Stocks rallied on the bad economic news this morning.

It's that kind of Fed-eriffic, otherworldly market.

Gold and silver rallied sharply after a big overnight plunge in honor of the Comex option expiration tomorrow.

The VIX is at recent lows. I put a more extended VIX chart up to put it into a broader context.

Stocks have a way to go in order to take out those secondary highs on the CrashTrak model.

But they are finally having a decent go at it. 

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 ...

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