U.S. markets will be closed on Monday for Memorial Day observance. 

Stocks were in rally mode today, what looked like a proper bear market rally.

Considering we have seven weeks of weakness and declines as we *finally* set that second low we have to say that it's about time.

Now let's see if bully can keep the squeeze going, or not.

With the general risk on atmosphere, the Dollar and VIX were lower.

The VIX is now back down to its 50 DMA which has marked a support level in the recent past.

Gold and silver were trying to break out this morning but were smacked down lower in the general exuberance. 

Next week maybe pivotal.

For the rest of the world, try to carry on with U.S. guidance on Monday.

Have a pleasant weekend.

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