A volatile session turned into a steady risk-on move as buyers stepped in, led by Tesla and Apple. Elliott Wave patterns suggest the index is finishing a minuette wave 3 with more upside likely before a corrective pullback.

Gold price trades on a flat note near $4,205 during the early Asian trading hours on Friday. Rising US Treasury yields and upbeat US jobs data cap upside for the precious metal.

It was a rather uneventful day in the stock market, with the S&P virtually unchanged, up just about 10 basis points. I think today really demonstrates that without implied volatility to crush, the market has very little juice to it.

GBP/USD flubbed a technical run at the 1.3350 handle on Wednesday, falling back below the key technical level and trimming some of the ground gained during a strong rebound earlier in the week.

The Russell 2000 has been the index to make all the running, and today finally saw some modest accumulation.