 What is up my fellow trade hackers today is Thursday, January 23rd What's going on in the markets? Well to start with I've got an intraday chart of the S&P So the in between the gray area, that's the actual cash market the grays the overnight session So this is just the last couple days, you know yesterday We had a little bit downside and then we opened up and the market dropped S&P was down about 13 plus at one point And I thought whoa, okay now. Maybe can we get a little downside action the answer? No Rebounded again. This market is super resilient S&P closed up six down down basically flat Nasdaq up a little bit and Russell pretty flat oil was down a couple percent at one point Let me go back to a daily chart and then it rallied up Brought back most of its losses on the day, but still down about one point eight three percent It was down over three percent at one point and implied volatility did pop if we look at USO Which is the corresponding ETF you can see the implied volatility spiked. It was up way up over the 60 ish Percentile area. I can't remember exactly what it was when we put it on but we ended up selling some premium in Oil so got some action in oil early in the day went back to the well in Netflix So Netflix had a big rally today. Let's see. What was it up exactly? Over seven percent on this session. We entered a reverse iron duck when price was right about here And it just continued to go up so big move in Netflix So we'll see if that continues or if that's a more of a one-day move. I know they had some Analyst upgrades, which is what apparently is pushing the price higher apparently all the Streaming competitors Disney Quibi some of the others apparently they're just not any big deal Netflix is going to continue to dominate is what that says What else happened Intel Intel announced after the market closed today And it was already up a few big up moves leading up to earnings and then what happened Well, let's look at intraday So this is when the market closed and they announced after the market closed and it shot up So the expected move was about three bucks. I think at two point 2.7 was the expected move and the stock is up Let's see it closed at about 63 and a quarter it's up 67. So it's up about four bucks. It's up above the expected move So one thing we will look at we didn't do any trades in the alerts on Intel holding through earnings, but when it opens up above the expected move We have some very specific strategies that we like to look at so if price holds up here or or even higher Then we will potentially look to add a position First thing when the market opens tomorrow just like we teach in our earnings course and Then lastly gold So let's go to GLD to start with and let's go to the daily chart If we look at GLD Plot volatility popped up a little bit price had a big up move and it came down a little bit near the close But we went ahead and added to our gold position. So sold an iron condor in Gold to add to that. So that's all I got not any real big stock earnings tomorrow or Tomorrow morning just the Intel one after the bell here There's some others that are kind of borderline as far as we still trade but not necessarily the big dogs But that's all I got. So tomorrow is our pro member video recap So I will check back with you trade hackers on Monday. Everybody. Have a good one. Talk to you soon