Forest for the Trees Perspective

NFLX is gapping up to fresh highs this morning on talks of taking its content to China. However, other leaders like GOOGL are soft on the open. 

Regarding the earnings gaps I discussed in last night's video as a day-trade setup, the KING gap lower found some initial scalpers at the open off oversold conditions. LOCO may still attract buyers, but is a different type of setup, as we walked through in the video. 

Also, crude is gapping down to its primary $20.20 breakout area. Consistent with many other markets, this has been a sloppy initial breakout attempt.

But the good news is that the next move should be much more tradable, long or short, after this initial shaking and baking.