Overall Market has been Bearish for the last week...

Are you trading this week?

For the last week, the market has been pulling back. Or is it the start of a bigger correction? The daily charts of the indexes are getting close to oversold (stochastics), but the weekly charts are showing a potential to turn over after a log run up.

It is Earnings Season, and most of the RTT seasonal/earnings trends are bullish at this point....if this is just a market pullback, it could be seting up some nice entries for the RTT up trends. But I'm finding it is best for me to stay on the sidelines to wait to see if this is a pullback or a bigger correction...waiting on the daily charts to turn back up.

Still hard to tell which direction the overall market will go...but NFLX and AMZN have had nice pullbacks...I'm watching them.

NFLX Daily chart looks pretty good now...Earnings release on Monday afternoon (4/23)

NFLX made a mini-run starting on April 12...but looks like the overall market bearishness is going to take it down hard today before earnings release this afternoon.