Walk it Down Before the Fireworks

Equities, and indeed most commodity-related stocks, are pushing down into the New York lunch hour, as likely profit-taking is finally setting in before a full slate of earnings, a Fed meeting, and some significant macro data later this week. 

A leader like NFLX is a notable laggard here, still threatening a potential head and shoulders top after the stock's latest post-earnings sell-off. 

Some pockets of relative strength include medical device plays, again, namely ISRG and a few peers. 

Overall, bears still likely need a bit more downside energy to sustain the sell-off beyond a garden variety buyable dip. I also have a close eye on the pullbacks in the steels and precious miners this week for possible new long entries, post-FOMC. 

In the meantime, enjoy this interview with the late, great poker legend Chip Reese with some applicable concepts to trading.