1. Last Friday was certainly a wild trading day. The PPT did there thing and the markets reacted accordingly. There was a huge gap higher open after a better than expected job report. Then the markets sold off sharply going negative across the board into the 11:30 am time period. This was then followed by a strong  broad based rally  into the close. Hence, it's not how they open, but rather how they close. Obviously, the close was positive and this is carrying over into today's session so far. 

Enjoy the ride. What happens when the PPT intervenes and markets still go down? Is buying of stocks far behind.

Either way, I really believe after a pattern is formed these markets are headed back down. So do not get too excited with the bounces. 

Bond yields are backing and filling. There’s problems in repo land.

2. Crude high between 68 to 70, we’re around 65 now. It’s had an incredible run. Then we wait on pattern when it hits the big resistance.

3. Precious metals getting slammed again. Gold down $19. Silver down slightly. GDX gold miners ETF is holding up, this is a bullish indicator for gold.

4. Watch for divergences. Dow is the strongest of the major indexes. It showing leadership. Nasdaq 100 is negative.