19 January 2022

Stocks and Precious Metals Charts - Crossroads - The Existential Chartist

 

"One of the common failings among honorable people is a failure to appreciate how thoroughly dishonorable some other people can be, and how dangerous it is to trust them." 

Thomas Sowell 

 

I went down to the crossroad
fell down on my knees
I went down to the crossroad
fell down on my knees
Asked the lord above 'Have mercy now
save poor Bob if you please.'

Early this mornin'
when you knocked upon my door
Early this mornin', oh
when you knocked upon my door
And I said, 'Hello, Satan,
I believe it's time to go.'

Robert Johnson, Crossroads and Me and the Devil Blues 

 

Stocks are laying down on key support.

Gold and silver have rallied up to key resistance.

The Dollar is sliding sideways.

The VIX is runnning hotter.

The next two days will tell the story.

Option expiration for stocks on Friday.

All things considered, this can go either way. 

It's one of the challenges in playing a market dominated by the moneyed interests.

Have a pleasant evening.