1. Quiet start to the week. The small caps Russell 2000 are strong indicating there are no real problems out there at the moment. Other averages are flat. Big Friday PPT rally. Jobs were down, not nearly living up to expectations. Lots of restrictions still happening in Cali. For the most

2. Bitcoin holds up after the Miami Crypto conference. If 2021 is 2017, look for it to break big on the downside. Bitcoin is trading around 36,000. Traders must watch this pattern as the popular crypto currency is starting to form a bearish base on the daily chart. If it breaks 30,200 May 19 low, it could be straight down. It’s making lower highs, time to steer clear? It’s going to come under a tremendous amount of pressure.

3. Meme stocks continue to steal the show. Last week, the meme stocks posted big gains and they are starting this week positive again. I believe this is a dash for trash which is ultimately a negative down the road as it is another sign of froth.  

4. Gold/Silver up slightly but regained most of its losses last week. Great rebound on Friday. Up a little today. Perfect setup pattern. Silver could be building an accumulation pattern and then next is resistance $30. Slow and steady. Trend is up!