1. Options expiration Friday was one big roller-coaster trading session. By the closing bell stock had reversed a sell-off to new highs and actually finished flat on the day. Today, the markets are seeing some follow through buying to start the day. Either way, nobody is really trusting any rally at this stage of the game. Traders must be very selective on both the long and short side atthis time.

2. Geopolitical events are still front and center. Over the weekend, President Biden said that the US would defend Taiwan militarily, While the markets do not seem phased at the moment the US still has a lot of manufacturing coming out of China. This could come back to bite the United States.

3. Gold is catching a bid today as the US Dollar Index pulls back. So far, the 1785 gold futures support level has been a decent bottom.

4. Bitcoin is also trading higher today recapturing the psychological 30,000 level. While there is nothing great for bitcoin right now it lives to trade another day.