Hello Everyone,
Quick Notes: Absolutely nothing changed today with respect to the major indexes that I discussed in the weekend newsletter, mostly just a choppy consolidation day.
Remember a lot of big cap names are reporting this week. Today TSLA reporting earnings and is currently down in after hrs. Tomorrow MSFT and GOOGL report after the close. On Wednesday FB, and AMZN report. Also the FOMC meeting on Wednesday and what they say will be important.
In regards to commodities, crude oil appears to be forming a large coil like pattern. Copper, which broke out of a beautiful coil pattern 2 weeks ago continues to rocket higher. Agriculture and CORN continue higher and have had an explosive year higher.
Cryptos: Has a crash over the weekend, however as I pointed out on Sunday afternoon Bitcoin had a perfect double bottom bounce and has recovered back to the 53K area after tagging 47K over the weekend.
Gold held support today
Trade ideas - we've had some nice ones lately and many ideas that broke out last week followed through nicely today such as MVIS, ATI, NMM, ASH, XBI, and new ones from the weekend triggered such as DEN, REVG, ENTG.
Matt
---------
4/21: SPX DVT = 4089, 2 day candlestick chart 4025