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.
Have a wonderful weekend.
