Stocks and Precious Metals Charts - Shenanigans Watch - Bulls Rally, Non-Farm Payrolls Friday

 

"And crying out with a loud voice, the man said, 'What business do you have with me, Jesus, Son of the Most High?   For God's sake, do not torment me.'   For Jesus had said, 'Come out of the man, unclean spirit.” 

Jesus asked, 'What is your name?'  And the spirit replied, 'My name is Legion, for we are many.'  And the spirit begged him not to banish them. 

Now a great herd of pigs was grazing on the hillside, and the spirits begged him, saying, 'Send us to the pigs; let us enter them.'   So he let them.  And the unclean spirits came out, and entered the swine, and the herd, numbering about two thousand, rushed down the steep bank into the sea and were drowned." 

Mark 5:7-13 

 

Stocks were in rally mode today as the Street shook off all its concerns from last week, and let the good times roll.

The Dollar and the VIX dropped from their recent highs.

Gold and silver rebounded a bit from the pummeling they took last week.

There will be a Non-Farm Payrolls report on Friday.

It is anticipated to be weak, because the numbers were reported during the height of the recent surge in the omicron variant of the Covid virus.

Have a pleasant evening.