Stocks And Precious Metals Charts - Wash, Rinse, Rotate - Non-Farm Payrolls Tomorrow

Mar 3, 2022 at 5:45 PM EST

Here is a brief overview of some of the day's movements and events in the financial markets. One significant aspect to note is that there will be a Non-Farm Payrolls report on Friday, March 4.

Here is a brief overview of some of the day's movements and events in the financial markets. Stocks once again failed to extend their snapback rally, and fell lower again today. The VIX remains in the 30's. Gold, silver, and the US dollar all advanced modestly. One significant aspect to note is that there will be a Non-Farm Payrolls report on Friday, March 4.

After two failed rally attempts from a decline off of a blow-off top, the burden of proof is firmly on the bulls. Until they can turn this around, the primary trend for stocks has a downward bias. Now, let's take a look at some charts.

Disclaimer:

These are personal observations about the economy and the markets. In providing information, I hope this allows you to make your own decisions in an informed manner, even if it is from learning by my mistakes, which are many. As a standing policy, I never provide individual investment advice to anyone. I will only occasionally disclose my personal positions for the purposes of illustration. Understand that my own circumstances could differ greatly from your own, and therefore what is suitable for me may not be suitable for you. My comments are intended to be reflections on general macro financial and economic events and trends.

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