All 3 indexes finish lower on the week capped off by a pretty good slide down today, after what looked to be a bullish gap up in the pre market.

Energy continues getting hammered and is now officially in a down trend (multiple lower highs being set). Despite great earnings reports the financial sector fails to get any momentum going.

Personally, it seems to me that investors this week were trying to price in inflation as multiple comments from Powell and Yellen were made that suggested inflation is coming, however it would be temporary. So investors are likely selling to take some profit while they are ahead.

Trades did not work out today, but that is part of the game. We talk a little bit about what your risk management should look like as a day trader, don't miss out on it!