07 April 2022

Stocks and Precious Metals Charts - Stock Option Expiration Next Week

 

"For the hearts of these people are hardened,
and their ears cannot hear,
and they have closed their eyes,
so their eyes cannot see,
and their ears cannot hear,
and their hearts cannot understand,
and they cannot turn to me
and let me heal them."

Matthew 13:15


"It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought."

John Kenneth Galbraith


"In spite of every sage whom Greece can show,
Unerring wisdom never dwelt below;
Folly in all of every age we see,
The only difference lies in the degree."

Nicolas Boileau-Despréaux


"Obstinate ignorance is usually a manifestation of underlying political motives."

Michael Kalecki

 

Stocks shook off geopolitical and economic concerns and moved higher.

But they ran out of gas towards the end of the day, and gave back some of their gains.

Was this just a bounce, or the beginning of a turnaround.

Stay tuned and we'll see tomorrow.

Gold and silver managed to post some gains and hold on to them.

Silver is now back to even on the week.

The VIX fell back a bit.

But The Dollar pushed higher toward the 100 handle on the DXY index.

Next week things could be a little more lively because we start to get earnings numbers for the first quarter, and there is a stock option expiration on Thursday. 

The markets will be closed on Friday in observance of Holy Week.

But first let's see how the markets go into the weekend.

Have a pleasant evening.