The market finally showed some weakness this week. After closing near the rally’s highs at 93, the SPY gapped down on Monday morning, never being able to hold the 92 level, then the 90 level later in the week. Although we were pretty weak on Friday, we held above the 88 level which has been a huge inflection point over the last 8 months. I suspect it will be an important level this upcoming week.

I’m going to keep it light this week, as there weren’t that many articles that really caught my eye. I’m also going to add that I felt like the entire week felt a little like a Summer week, especially Friday. Maybe the warm weather in NY was cause for it, people preparing for the Summer. Enjoy!

This post discusses three questions to ask yourself at the end of every trading day. I will definitely be adding these to my list of questions I answer in my journal. When I initially started trading, my end of day analysis was pretty bare bones. Through reading Dr. Steenbarger’s work, I have begun to conduct more analysis on my trading, specifically things I did right throughout the day, and things I must improve on. I then focus on these things the next day. It has definitely been effective.

Meredith Whitney discusses the capital raises by the financial services industry. As J-toma, the Fast Money superstar has been saying for the past two weeks, “What’s most important to look at here is how the market reacts to these capital raises.” We’re traders, not investors.

An interesting snippet on moral hazard and sports. Doesn’t have to do with market matters really, but thought it was interesting to see sports discussed in economic terms.

Is inflation inevitable? A look at the hot inflation/deflation debate. The author makes a pretty strong case for a deflationary environment. Definitely worth a read.