Preparing For Friday

This market is setting up for a bear capitulation on the nonfarm payrolls report.  The bulls are hardly giving bears any room to breathe, and I expect there to be strength in the 2nd half of Thursday and pre-market Friday.  Gold continues on its parabolic run.  It reminds me of crude oil in 2008.  Fund managers are continuing to pile in.  I think things could come to a head on Friday in both gold and the S&P.   As for overnight action, I am neutral, and don't expect any sizeable gaps.