19 October 2018

Stocks and Precious Metals Charts - It's the Little Things - Markets Coiling for a Move

Even the winter won't last forever
We'll see the morning, we'll feel the sun
We'll wake up in April, ready and able
Sowing the seeds in the soil

Even the darkness cannot disarm us
We'll see the morning, we'll feel the sun
We'll break up the earth, 'cause we know
That it's worth it
Sowing the seeds in the soil
Of our love.

Audrey Assad, Even the Winter

Stocks had another ranging day, with a sweep from the highs to the lows. The SP 500 finished nearly unchanged with the tech heavy Nasdaq a little weaker.

All in all it was a stock option expiration, and the market was looking for a direction.

At this point the right kind of trigger event is going to send this skittish market much lower. I am looking around the 2500's on the SP 500 futures, so it could be quite a wild ride.

But the lack of organic action and 'investment' buying, as opposed to short term gimmickry, makes this a difficult market to trade.

Gold and silver finished largely unchanged as the Dollar gave up a little of its strength from yesterday.

I was getting restless watching this inane market action in the late morning. And so I asked the Lord for something to do to make things better in the world.  And I kid you not, I found myself almost immediately directed to thoroughly cleaning and scrubbing the bathroom, top to bottom. I think the Queen was listening in on that conversation. Not a doubt in my mind.

Little consolations and tender mercies.  They are there, where you least expect them.  And there resides peace of mind, and an easy heart.

Well after that task was completed, I went outside and trimmed some late growth in the trees and hedges and shrubs, and cleaned up the front lawn. We cracked the freezing mark here last night. The temperature dipped to about 27 degrees, which was quite chilly to say the least. But it warmed up today, and the afternoon was one of those glorious autumn days when working outside is just the right thing to do.

Need little, want less, and love more. Because those who abide in love abide in God, and God in them.

Have a wonderful weekend.