I was short on the DJIA going into this morning and got killed (was down 1.5%).    I remember this happening to me back in late Dec 2019, same sort of price action.  Futures get bid up overnight and then gap up.    Well it was a good week except for today.   Regroup for next week.  

Gold and Silver are being suppressed so much.  Even today's action you could see it on the tape.    The amount of money being printed cannot even be counted anymore.  

Because these great bargains wont last!

Market makers were good at shaking people out on the last two days at the close.  They know where majority of people have their stops and they sweep them out, then sell them back to people at much higher prices.  

Love crab, lobster, fish.  Anything cold water and from the Pacific Northwest.  

Often those are institutions front running the futures market - then selling into the cash market near the close- more liquidity.   Like setting up a line of crab pots.  Setting them up with bait, letting them soak, crab goes into the pot and then pulling in the crab.

The Market blasted out of the gates this am and then by midday fizzled.  Oil reversed and went negative, Money rotated into Metals and Bonds.  Risk off by the EOD.  Just keep your eyes open and hands on the wheel.  

Now it all depends on the timeframe you are trading in.  I am referencing the Daily chart.  If you notice the stock has moved higher over the last several days, but the volume is waning, MACD is not even positive, RSI has a lower low from the high and daily price bars are star patterns.  Now I am not saying the stock is going to collapse here, just running into an exhaustive move and the pattern is bearish on the Daily chart.   The stock is still very bullish on the Weekly and Monthly chart- but currently looks like it might pullback.   Nothing goes up in a straight line forever. in the markets. Where it might pullback - know one knows (5, 10, 20 day ema).  Every fund has been buying NFLX and why not, it is the winner out of this pandemic but at some point when everyone is "in" you lose momentum and swing back down.  That is just my take on it and do not trade on my advice.  due your own DD.  Hope that helps answering your question.

Negative rates will force people to be in the market because they do not want to pay to have their money in the bank.  This will create an even larger bubble that wont end well again, which will create inflation down the road.  Have to trade for today but be mindful of the set up in the future so you can see the little signs ahead to know which direction to start moving in.   It might be the biggest transfer of wealth.   We need to teach young people about money management, austerity, staying out of debt, etc...To not listen to people on CNBC who are pushing their own agendas, etc..  That supply and demand is BS, it is Fear/Greed that rule the markets, etc..Start a new generation of 

Had Calls on NFLX.  Sold them the other day, now switching to PUTS.  Daily chart looks bearish and volume looks like everyone is all in.  

I am in early with a tight stop just below the break line. 

Will see if the Metals can decouple from the markets now.  

Will tomorrow be the day the Gold and Silver decouple from the markets?  I have been waiting.  Bitcoin seems to be a 1 correlation with the markets so I am not sure that is a hedge anymore.

LABD I got stopped out 2x  last week.  Healthcare has been strong, but nothing goes up forever.  

I didnt like the market selling off into the close. Closed out my UPRO for small loss and went short on DOW and Russell 2K and went long on VXX.

UPRO@market.  The worse the unemployment #'s the higher the market will go (consensus is that Fed will keep buying up the market).  One day it will not work but it is working for now.

Matt - thanks for mentioning those last week. I did enter in a position on both last week and sold at the close today. 

I think it will for some time. There is no economy and you have tankers floating all over the seas full of oil.  That looks like a bear flag set up.  I may be dead wrong but unless we go to war, I think Oil and gasoline complex will be bearish for sometime. 

News follows the charts.   Charts, price and volume tell all. 

correct.  sorry.