09 June 2021

Stocks and Precious Metals Charts - Lackluster Trade Ahead of CPI Tomorrow

 

Boring trade today, more like mid-Summer than late Spring. 

Although there are always room for shenanigans and antics intraday.

 Gold was off a bit.

Silver and the Dollar were up a bit.

Stocks put in some highs and then faded away into the afternoon. 

CPI tomorrow.   

Stock option expiration next week.

More thunderstorms were rolling over here today.

Poor Dolly crawled up under my arm in my chair and was shaking like a leaf.

Have a pleasant evening.




08 June 2021

Stocks and Precious Metals Charts - The Summer Wind

 

“There is nothing more deceptive than an obvious fact.”

Arthur Conan Doyle, The Boscombe Valley Mystery 

 

“La plus belle des ruses du diable est de vous persuader qu'il n'existe pas."
(The devil's finest trick is to persuade you that he does not exist.)

Charles Baudelaire

 

“Falsehood flies, and truth comes limping after it, so that when men come to be undeceived, it is too late; the jest is over, and the tale hath had its effect.” 

Jonathan Swift

 

Stocks were edgy again today, managing to hold their ground at the end.

Small caps were leaders, with the Russell 2000 nearing a new all time high.

Gold and silver were off a bit.

The Dollar was marginally higher.

The markets are looking ahead to the Consumer Price Index later this week.

And for what other reason?  

The Fed.  Mother of bubbles.

Have a pleasant evening.

 

07 June 2021

Stocks and Precious Metals Charts - We're Having a Heat Wave - Temps de Folie


Stocks were a bit woozy this morning.

The SP 500 never really did regain its footing and finished slightly lower.

The NDX powered higher led by the biotechs.

Gold and silver were up a bit, actually going out near their highs after the morning lows.

The Dollar drifted a little lower, giving up the 90 handle, but by just a little.

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

Have a pleasant evening.


04 June 2021

Stocks and Precious Metals Charts - Jobs Lite - Markets Rebounding on Hopes for Continuing Fed Dovishness

 

The Jobs Report came in significantly weaker than expected, and certainly well short of the expansion implied by the ADP Report.

But the BLS reports are a funny old thing.

And so stocks and the Metals rebounded sharply, and the Dollar took a give back towards the 90 handle.

I really do not have a feel for the metals here, and am sticking with the sidelines for now.

They are attempting to break out, but are meeting some stubborn resistance.

It appears that JPM is in the middle of this.

Have a pleasant weekend.