 What's up trade hackers welcome to today's video update today's Thursday, September 3rd We are going in to a holiday weekend and a lot of times we see complacency or Just kind of an upward grind volatility contraction going into a long weekend Not today my friends. Not today. Look at this red bar. I haven't seen one of these red bars since well June And so the question is this is the S&P The question is what's the market gonna do from here? Is this the first of Something like this Or is this the first of something like this? That is the magic question, but S&P's off a hundred and thirty points And we it's only we've still got two hours until the market closes at the time it's recording S&P's down 130 Dow down 860 Nasdaq down 656 and Russell down 50 What a bloodbath and the the volatility index the VIX which we've been talking about You know all week with the market being up up up the VIX has expanding as well So volatility up while stocks are up that is not normal and frankly a lot of times that precedes some actual increased volatility in the form of downside markets and that's exactly what we're seeing today, so Big move to the downside is three point seven percent the S&P's over a five percent decline in the Nasdaq That is a monster move then you got commodities like oil flat Gold relatively flat silvers down down a couple percent Natty gas less than one percent move You know so commodities fairly fairly flat, but look at the red on the stocks I mean, we're talking about big movers and we're talking about the post corona crash tech darlings like Apple down seven percent Amazon down over five percent AMD down eight percent and Zoom down ten percent now Granite that's on top of that. That's that's on the back of a forty percent move after earnings So let's not get too crazy about, you know the crash and it's still up 456 percent year-to-date So and then and then of course can't have a video without talking about Tesla Tesla down eight percent It's down Over 18 percent off of its highs over 20 percent now So big moves to the downside I mean these tech stocks that you just didn't think anything could ever get in their way They are the biggest ones seeing some relief and I've been talking about this for weeks that if this thing really does turn down It's going to be led by tech. I mean the Nasdaq has just gotten so so over extended and So tech is going to lead the way down now. Is that going to be what we're gonna see? We're gonna. Are we gonna continue to the downside or not? You know who knows but This is doing very good things for our portfolio. We're carrying. We've been carrying some short Delta Some short side bias and so this is a warm welcome for us and what else do we do today? Well, we we added an iron duck in the S&Ps So no risk to the upside and a big big buffer to the downside when you see big Down moves like we're seeing today That not only expands implied volatility But it also gives us a lower price to get in so now with this type of trade This thing could bounce and rip higher We have absolutely no risk to the upside in fact We'll make a little bit of money and then we have all the way down here big buffer as far as a downside buffer To make you know max profit in this area here. So look forward to doing more of those especially if we see some more downside Earnings so docusign Docu has earnings after the bell today You can see it really spiked going into the announcement and then it's coming off like everything else the last couple days So we I didn't I didn't send out an alert on this I did take a little bit of a bullish position in In docusign with with very little risk to the downside So if it continues to go down very little Not much more risk, but big upside So see how that plans out another one is work Which is slack the ticker for slack now interestingly slack has not participated in this tech boom During the corona economy like we've seen in a lot of these other stocks Which I'm not really sure why I mean it's still up. I mean 35 percent year to date So it's not let's not feel sorry for it, but at the same time, you know, it's not up Several hundred percent like some of these other tech tech company. So anyway work has Slack has earnings after the after the bell today as well. So we'll be watching those and With that what else we got. Oh, yeah day trading So had a great morning of day trading in the live stream room Monday and Tuesday this week. We're tough I mean things were choppy. It was hard to get anything going. So we had a couple of red days on Monday and Tuesday But came roaring back Wednesday and Thursday with I think we're up 1200 almost $1,300 yesterday and About 1600 bucks today. So good way to end the week. We will not be streaming on Friday We were working on our new trading platform that we're coming out with so Not gonna be doing any straight I'm gonna be doing a lot of testing on that so we won't be streaming Friday and then of course Monday is Labor Day So we won't be streaming Friday or Monday, but we will be back live streaming at the market open on Tuesday so look forward to that if you haven't done that yet jump in there with us and See what we're doing is pretty exciting stuff. So look forward to it. Everybody have if I don't talk to you everybody have a great long Labor Day weekend Recharge the batteries see you back Tuesday. Take care