In this video posting, Patrick will review what has happened during the past week in the S&P500, Nasdaq, US Dollar Index, Gold Futures, eMini Crude Oil, & 10 Yr Treasury Notes.

In today's video, we are going to take a quick look at bull and bear traps in the markets. These traps can be detrimental to your trading if you don’t know how to utilize your trading or work around them. As the market fails to push past our supply zone, we wait to get confirmation of the bull trap pullback.

The Trader Kingdom Market Data Journal Sheets provided by PivotFarm combine major market metrics into a concise snapshot for nine markets including the S&P 500, Russell 2000, Crude Oil and Gold.

Today's US Equity Market Commentary reviews the upcoming week commencing May 21, 2012. Nick McDonald gives a quick overview of last week's action in the major indexes for the US equity markets and gives a technical outlook for the coming week, with a focus on the mini Russell futures contract.

Run time: 8:21 minutes

EUROPEAN STOCKS: Major European bourses are seen trading lower Friday, pressured in the wake of Moody's downgrade of Spanish banks. Spreadbetters Cantor Index are calling the FTSE down 54, the DAX down 46 and the CAC down 20.

Meltdown...Yesterday the Transports made a new low for the year and are trading right on their 200 day moving average (failure to hold their 200 day m.a. would be bearish action for the entire market). The Nasdaq went right through half way for the year at 2546.37; now their 150 day smooth and 200 day moving averages are in play. If the Nasdaq can get back above 2546.37 I think that could spark a rally across the board.

In today's pre-market prep, we will take a look at recent activity in the ES & EUR/USD markets. The S&P market has been bearish as of late, but we are landing right at a key support area in the market where we have seen some confluence. Be careful as this market may rebound and beginning pushing its way back to the upside.

Human nature! What a continual marvel. Everyone wants something for nothing, or at least fairly cheap. Quick fixes, free lunches, easy riches. Not to mention the "for dummies" books to tell you how to do it in 21 minutes.

In today's video, we will take a look at a variety of markets including the Euro and Crude Oil futures. The crude oil market tested a key level and has moved up slightly. If this market is able to hold its current level, we could see a short rebound in crude back up to its prior support, now resistance area.

As we start Wednesday morning with a bullish gap, let's take a quick step inside the market for a "Breadth Check-up" on the S&P 500.

Here's the intraday chart structure: