SP 500 and NDX Futures Daily Charts

And end of quarter rally on light volumes. How unusual -- not.

See the gold and silver post above for general market commentary.

Gold Daily and Silver Weekly Chart

There must have been enough calls taken up yesterday to make it worth the wiseguy's trouble to hit the metals with another bear raid again today. Again, it did not stick as bullion seems to be held in strong hands.

I hate to say this, but the metals are often hit around a Non-Farm Payrolls report, as the Fed and its dealers wish to discourage any flight to safety or inflation hedge thoughts as they print their way to prosperity, mostly theirs.

SP 500 and NDX Futures Daily Charts

Very low volumes, and the end of quarter tape painting continues.

Tomorrow we will get the ADP employment report, consensus +210K, and the markets will be eyeing it for some hints about the Non-Farm Payrolls report for March which will be out at the end of the week. Consensus for the NFP is currently +203k for private sector jobs and +185k overall.

I will take a look at the specifics and the seasonals tomorrow.

Stocks are jamming up into this resistance.