Gold, Silver, and the miners declined this week but all remained above key support levels. Silver retested support at $26.30 and formed a bullish hammer today. Gold & gold stocks could decline more and test their support levels.

The BLS reported a gain of 175k jobs which was below expectations of about 200k. The Household Survey was high last month but came in way below the Headline report with only 25k jobs reported.

Stocks have lost ground lately, with the S&P 500 index losing roughly 5% of its value from its recent record peak. Driving this shift in sentiment appears to be a reassessment of Fed policy in the wake of unfavorable inflation readings.

In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Friday, May 3.

Nasdaq 100 and SP500 Wave (4) low being in place strengthens day by day and we can continue to build long positions across many markets such as Bitcoin and crypto tokens.

The US Dollar Index (DXY) is visiting the 105 level with sharp losses at the end of the trading week. This comes after Friday’s report of weak US Nonfarm Payrolls (NFP) figures from April, which made markets dump the USD.

Earnings season continues its rapid pace, with a plethora of companies scheduled to deliver results in the coming weeks. The Q1 cycle has turned out to be positive, underpinned by the technology sector’s strong growth.

The Dow Jones Industrial Average gained nearly 1.2% on Friday after a broad miss from US Nonfarm Payrolls) and other key labor data revealed a steep weakening in the US domestic economy, sparking increased bets of rate cuts from the Fed.

LendingTree, The Timken Company, and Marathon Petroleum were winners in this week's earnings lineup.

Tonight, I’ll take you inside - what’s really going on. We’ll look at the current situation in the greenback, the real opportunity in the bond market, and how we did with our expected move.