Monday Morning Must-Knows

Here are three things to know going into the trading week of May 17.

First, Crude Oil has been in an uptrend, making higher lows, it's forming an ascending triangle.  With recent supply chain issues, we may be primed for a breakout trade.

As earnings seasons slows, we still have some key retailers reporting this week.

Finally, Friday is PMI Day (Purchasing Manufacturing Index).  We'll be getting French, German, Euro, GBP and the USD Flash Manufacturing reports.

These reports could have significant impact on the markets.  If you're in the markets, make sure you have proper risk management, a trade plan and follow your rules!