Weak S & P 500 (SPX) Led To More Downside Today

Wave A Down continued thanks to a weak SPX today: http://finance.yahoo.com/q/ta?s=%5Exau&t=5d&l=off&z=l&q=c&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c= . Index fund selling hurt gold/silver stocks today. Option expiration on Friday is probably a factor as well. Also, the Fed didn't spike the punch as much as they normally do on Thursday (http://www.newyorkfed.org/markets/omo/dmm/temp.cfm?SHOWMORE=TRUE) and Fed Credit for the week ending 5-17 rose a meager $1 Million, see http://www.federalreserve.gov/releases/h41/Current/ . The NEM Lead Indicator was a bearish -0.41% today, which indicates that additional downside is likely tomorrow. ....... http://www.JoeFRocks.com/