Stocks and Precious Metals Charts – Staggered Disbelief – Stocks Flirting with Bear Market Territory

from Jesse’s Café Américain

[…] Stock futures went down limits early last night, and stayed pegged there until this morning.

On the open of the cash market the major stock indices continued to fall, and quickly triggered a market-wide trading halt.

I have market the limit down and trading halt on the index charts.

I have also marked the 20% ‘bear market’ level on the charts as well.

Gold soared over 1700 last night, but in the quiet was smacked down and hard. It recovered some of that and managed to close higher on the day.

The dollar continued its slide.

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