1. Stocks under pressure to start this holiday shortened trading week. Rising stock yields mean lower stock prices for now. Yields are going higher no matter what. QE is gone.

2. Earnings season is underway. Goldman Sachs reported earnings before the opening bell and that stock is trading down by 8%. So far, we have seen a negative reaction in JP Morgan Chase after earnings and now Goldman Sachs. This decline is even occurring despite higher bond yields which is generally favorable for financial stocks. 

3.I t's that time of the month again! Options expiration for January is this Friday (Jan 21). So we should be prepared for a wild week of trading. Also remember, there will be a lot of institutional game playing with the popular stocks as the institutions play pin the strike price on the donkey into Friday. 

4. Gold/Silver/Bitcoin Gold futures are up and silver is making a very good move. Silver could get to 23.85. Gold holding up well. Bitcoin remains week. It’s consolidating below its 200 day moving average getting ready to break 35k.