Nikkei

Yesterday, the S&P covered the March 22nd gap perfectly before covering the closing gap from Tuesday and bouncing to a series of lower highs on the session.
The breakout above major four-star resistance continues, but so does the lack of participation; volume this week has been at the lowest of the year. However, yesterday’s rally was fairly broad being led by tech. Despite good earnings, the banks are fighting to hold ground and have underperformed greatly given the landscape.
Equity markets are again under pressure this morning and investors await the release of January’s Nonfarm Payroll Report at 7:30 am Central. The S&P 500 hit our main target at 2798 with an overnight low of 2797. Stocks in Europe are also sliding sharply, the DAX is down more than 1% again today and has lost more than 5% since its peak Jan. 23.
Underscoring investors’ insatiable appetite for risk, Japan’s main Nikkei index rose for the 14th consecutive day, which was one the longest winning streaks ever recorded.
European shares drifted lower on Wednesday, while sterling battled back from a one-week low and regained its composure amid the drama of Britain formally triggering its exit process from the European Union.
European stocks fell for a third consecutive day, dragged lower by financials as shares in Deutsche Bank slid further after its $8.5 billion cash call, while expectations of higher U.S. interest rates supported the dollar.

We can finally see weakness of Japanese yen and USD strength which has something to do with a turn-down on 10-year U.S.

Global stocks hit their highest in almost a year today as investors pared back expectations of when U.S. interest rates would rise, although a fall in bank shares after stress tests took the shine off European shares.
Tokyo stocks rose in volatile trade today as banks and insurers gained, offsetting disappointment the Bank of Japan's policy easing fell short of investors' high expectations.
Two gigantic weeks are coming up. Up to bat first is Washington and Fed Chair Janet Yellen. The Fed knows it’s an absolute absurdity to raise rates in an economy that just created 38,000 jobs. But do you want to tell me they have their collective heads in the sand about an economy barely staying above water at 0.8% GDP?