In today's video:
1) U.S. equities posted gains once again today after the Consumer Price Index, a widely followed inflation metric, rose less than expected last month. The Dow Jones Industrial Average gained 147.07 points, the S&P 500 added 15.26 points while the Nasdaq 100 closed higher by 59.48 points and the Russell 2000 finished lower by 1.38 points.
2) Crude oil Futures dropped $1.57 or 2.23% after an industry report showed global supplies at record levels while Gold Futures gave back most of yesterday's gains closing lower by $4.00. The Bond market traded slightly higher and the yield on the 10-year treasury note moved to 2.974%.
3) Netflix (NFLX) is one stock you should always have on your watch list. It trends well, the chart is super easy to read, it makes big moves, and it provides a steady stream of traditional technical setups. This time around, NFLX is in the process of forming a reverse head-and-shoulders pattern that has the potential to propel the stock to new all-time highs.