Hi, I had a few minutes this morning to throw together some charts and make a few comments on what was a momentous week in global financial markets.

This will be extremely abbreviated but I thought it important to give my readers a perspective on these developments because I believe they set in motion a course of events that will lead this market higher into the election.

It's been two weeks since I posted a full commentary and for all the volatility during that time stocks have managed to stay in a trading range. Everyone was getting excited about Friday's rally and questioning whether it was a turning point for stocks. And while I anticipated Friday's rally any follow thru early next week will largely depend on whether the rumors of a massive Chinese liquidity intervention being announced this weekend are true and whether Mr. Bernanke makes some dovish remarks when he testifies before congress on Tuesday.

The U.S economy created no new jobs in the month of August and the unemployment rate was held at the 9.1% mark. The NFP (Non-Farm Payrolls) report is fueling concerns that the U.S maybe heading toward another recession. GBP/USD came very close of breaking the 1.6110 minor support line yesterday and shifting the currency pair bullish momentum, but today’s report put a stop to the downtrend.