Good morning! An interesting week

Good morning!
An interesting week lies ahead. The earnings onslaught enters its second week, the State of the Union is tomorrow night, and Oscars are awarded over the weekend. None of which has anything to do with the broader market, not at this stage. Earnings influence is limited to its first week, and SOTU has nothing to do with the market. Oscars might be the most relevant item.

But two Central Banks (BOJ and ECB) are scheduled to make policy statements, and markets got excited for that. Having fallen to fresh lows last week, markets took a victory lap for having avoided the precipice. This morning”s trading is fading the optimism, as Europe”s exchanges prepare to close.

Updates to know:

CLF — Closing above its 8.80 resistance already signaled momentum reversing up, but a pullback has room to test 8.15 as support.

NFLX — Earnings due after the close.

Crude Oil — Still ranging around the decline”s targets, with time running dangerously short for launching a rally, (Specific triggers for futures traders are available in my Futures Timing service).

CDE — Had begun rallying before Silver”s recovery, and now only retesting its recent higher.

AMZN — Reversed a positive open to probe deeper into negative territory and threaten tumbling to new lows.

FEYE — Never touched 36.50 so never rejected it, would get a second bite at that apple back above 34.

EAPH — Consolidation around .0262 resistance has formed an Ascending Triangle no threatening to break higher.

CANN — Formed a Symmetrical Triangle that would be triggered above 9 and targeting 10.90.

Be careful with the MJ sector. Stocks like TAUG that have yet to validate not-so recent surges, or like TRTC that continue scraping support, are probably among the more vulnerable in case of a selling wave which is coming due.