 Happy Friday everybody How's everybody doing? Hopefully everybody's having a good morning getting ready for the weekend Good to see you lards. Good to see you Bonito everyone Bonnie everybody. All right. Good to see everybody Nice to see you too rich can good morning. All right guys. So what the hell is going on? With down 700 points this morning. All right, and you had a blockbuster an absolute blockbuster job report blew the numbers out of the water by a hundred Thousand jobs more than they expected from Anna's that let me tell you if we didn't have the coronavirus I Could almost guarantee and I hate use that word The doubt a bit would probably be at 3200 that would be 32,000 definitely at 32,000 And I and I told you this a long time ago There's nothing that will take down this this this market other than if we had a catastrophe and you're witnessing it And I'm bringing it up again, and you know I talked about that so many times So um the you know I've been listened to a lot of analysts and watching a lot of TV I always do my homework early before we start up in the morning and you know listen The big difference is listening to what they say and what we do every day is pretty similar, but we see We're like the Marines we're the first people that go in and we know exactly what's going on and then we report back to them and You know just like when I was on that I was on Nasdaq. I told you yesterday and You know I was at the Nasdaq Center and I was on their show and they would ask me When is the bottom and I'm telling you what the bottom is the bottom is when we got the worst of the worst of the worst news Out there and then then you know that's that's when we're gonna know we're gonna hit the bottom Okay, when you have the worst of the news and it's not going any lower. That's what you have to look for but overall You know what this listen? Obviously this is a serious problem with the coronavirus. I mean it is so damn Contagious, I mean beyond cantages. They said there was somebody here in New York and Westchester Which is you know terribly said that a And it's an aesthetic Jew Went to a Got it He gave it to his family. He gave it to he gave it to his driver that drove him to the hospital Okay, and then he went to a bomb is for and now everybody in the bomb is has got to get checked for it I mean it's that Contagious, it's just absolutely actually closed the school down because of it Yeah, because the kids have it so obviously You know what you know, we keep joking around blame the Russians. We got to blame China I mean they're the ones that actually where where it came from and I'll tell you it I think the shit's gonna hit the fan when it comes to that But the thing that we got to be concerned about is what we're gonna do with this market. Okay? We got to be we got to be careful with this market. The market is factoring this all in You know, we had a big rally on Wednesday because they like the outcome of the Super Tuesday, but you know The market doesn't like, you know, you know, there's a like when to see stuff like goals like this regarding about the coronavirus So, you know, we're seeing some pretty scary stuff. So a lot of airlines getting crushed Lot of you know, uh, You know you the the cruise ships are getting crushed. I mean all I could tell you this is that don't hold overnight positions and You better have a lot of cash laying around I told you this a long time ago One of the biggest most successful and the most amount of money I've made in Trading was back in 2008 when the bank crisis got kicked in I mean, I did made a lot of money on other like, you know, 9-11 Unfortunately when the mark was down 2,000 points and open up the next day But that you know, and it was just sitting there that crisis happened over the period I think it took like two three months that just kept going down and down and down and When the worst of the worst of the worst came out And you know, I talk about this in my classes, you know regarding about but I'm not gonna bore you with it That's when you know what to buy. So I'm just telling you guys I hope you got a lot of cash laying around because there's gonna be some screaming screaming buys screaming buys Josh says OPK is running OPK is that what it was I spelt it wrong OPK here we go. Yeah, we got a nice little nice little pop right there You know what that was actually number four on my list Josh. Thanks for sharing that So let's talk about what happened yesterday because we had a lot of crash crashes going on and You know at the end of the day the only thing that we could have traded was the ETFs all the ETFs And you know, I'm not a fan of them But I did talk about that yesterday all the ETFs had really really nice moves And they're also picking up after today. You could see, you know all those ETFs like here's some cheap ones VXX This one from 14 to 26 TV I at TV IX and by these all going back on your list His stock that was at 50 was at 132, you know, you got the triple shorts right here. You get to the double short UV UV XY Another big runner right here. I mean, there's a lot of good good good movers out there And a lot of them are more or less are the ETFs. You could see these things just spill over from yesterday Look, you UV XY is up almost 30% when when does that ever happen? so all I could tell you this though the Dow Jones and I said in the chat room is at a Pivicle point right now. It is at a very very important level We have to hold here. If we don't hold here, we're gonna have a major problem We're gonna have a real major problem on the Dow. So It's that a major major support level. I'll bring it up over here and I'll even show you what I'm talking about So I'm bring up this this this one right here. So here's the Dow and You could see right here that there's a major support levels right around 25,000 and You know right around here. You can see it right around there. We're holding that's why we sit was stuck here But if you go back another year ago and I bring it up You could see it going back or even back in 2018 major major support levels right around here 24,000 you're right around there. So we got a little bit of a cushion there, but you know, realistically, this is really, you know 24 24,000 really is more but you know, I don't want to go past that But it is a very very major support levels and if I even go back further, you could see how it was a major resistance levels Right there, but remember the Christmas crash made a lot of money right here We killed it on the Christmas crash right here But look at that drop this look at this thing how much more drop more than when the more Remember that Christmas crash was was him was happening because they closed down the market So they couldn't come up with a budget on Congress. So this is a lot worse All right, so let's keep an eye close eye on that now Let's go through the watch list because there are some nice little movers out there. We got some ETFs that are moving I don't need to go through the list. It's it. It's endless. You got the I mean, they're right here You got you got the VTI X you got UVX Y just Look every single one of them 18% 13% all of them They're all right there and the biggest percentage gainers is just like it's endless right there Just remember what about the reason why I don't like trading ETFs is because the number one they trade very fast Number two, it's very kind of hard to find some of them with big iceberg orders So, you know, those are two things got to be be cautious about all right So stocks that we're gonna watch also as a little bit of brand name stocks, you know, obviously know about the INL Listen, we talked about this stock this stock is this is a nasty stock has some nasty shakes Listen, if you're gonna trade the stock, just don't trade too many shares of the stock The stock is very has some wild shakes. Just wild. I know I mean, I'm looking at it right now and There is a there's like a 60,000 share seller I know Ben's kind of posted up that link to on that one too earlier But there's a really big iceberg order right around $11 So kind of tested you could see it and kind of backed right off and went down to 1040, but he's still out there it is About 60,000 making up and is even a 13,000 at 1111 10 So that one's moving also just keep an eye on that big iceberg order if it does go higher but she is looking a little strong now there is other stocks that were moving and You know, they look pretty good earlier. I mean this stock we've been watching it recently She's she's gapped up a kind of flat line a lot of volume though traded over look at the volume on the stock 3.5 million shares already traded ALT very familiar stock. We traded this stock also She's up a little bit too this morning to about 5% 200,000 shares It's got some decent ice iceberg orders in that one O P K is another one Which is the one you guys were talking about earlier This one is actually moving really really nicely. I don't know if nine o'clock was at 240 Look where it is right now 290 guys should be cashing out right now and taking the money. Come on That I mean since we started you guys should probably meet about 30 cents on that trade great coal 7.7 Million shares already trade and the and it's not even open the market It's just pre-market imagine when the market opens up But listen money's money at the end of the day. So take the money and run see why and this stock is getting Destroyed, okay, your stock's on 13 percent 7 million shares already traded No mercy for this one right here, you know was a semi semiconductor Cypress semiconductor that one's getting crushed. All right now listen airlines also listen. I Owned Delta. I bought it two days ago yesterday. I didn't buy a lot of shares of it. I didn't buy a lot of shares of it I'm gonna I'm gonna go under the wing of You know, I'm gonna go under the wing of Delta and see I like it's a great company But these stocks are getting crushed because of it. I do not like a oh, I do not like this company American Airlines I tell you I personally I flew with them, you know, 10 years ago had a bad experience flew again We're five years ago and I'll tell you funny story about a American Airlines Who goes in a plane and you sit there and the center console still has an a straight in it That's how bad American Airlines was. I never said like this is ridiculous. I had no choice but could you imagine beyond on a plane and Just I was going from here to Chicago for a meeting and there was a there was a the mini mini mini ashtray You know right in the center console. I'm like I love a flight a company again. Obviously, you also know about Everything else that American Airlines had about the guy punch into thing. I mean just whatever That's how you know when you have a good short, you know bad publicity really crushed the stock But anyway, this thing's out by 50% What else is out there jet blue is also getting crushed JBL you Look at that 21 to 13. I mean they're almost down like 50% you know what I mean? They're really like really you al United 80 to 51 95 I mean like You know listen the two really good companies and US companies are obviously Delta and United Airlines, but um, I Would keep a close eye on you know, they're gonna take a big hit, but um These these suits that these stocks are obviously when the mark comes back I would be really focused on these two stocks. Obviously you can see this one It didn't go down terribly. I went from 62 down to 45, but it's got a hold here right around these prices What else we got here? I got two more stocks easy ENZ Got a little bit of a bounce of 48 percent. I don't know what happened Which kind of stopped right here, but she's testing she's right around here around this resistance levels And she breaks this resistance levels Right here. She's technically right at the highs of October, but she breaks that high that's not gonna break out That's but she's really having a tough time getting there She was at there early this morning, and she kind of like flat-lined here at 340 last one We all know this one and NVC. She's going back on the list guys another one She's kind of flat, but she's up 37 percent this morning at 11 She's probably coming up over here the stock we traded at two went to 18 back down the sixth This thing is really volatile as we all know just don't hold these positions overnight now the game plan going into this weekend Listen markets down 850 right now even with that big blockbuster deal with the not a deal But that the news that came out 100,000 more jobs than they expected like I told you I would have definitely would have predicted if we didn't have coronavirus We'll probably be at 32,000 maybe even 35,000 But if the market does not like what they hear with this coronavirus is extremely contagious and you're probably he reading about it It's gonna take a couple of days, you know, it's gonna take remember that I told you that's yesterday The problem with the coronavirus is that it takes two weeks The market does not like to be in limbo for two weeks. Okay? It's not a really cool situation to knowing that you're in solitary confinement for two weeks, and then you know what's gonna go on 24 hours different story two weeks is a long time So we're probably gonna have some crazy volatility. Just be all I'm gonna say again Make sure you're in cash guys. Just make sure you're in cash you're gonna get some screaming by soon and And believe me you're gonna need it. This is where you're gonna make your money So this is what we train for so get ready, but we'll know because we're day traders and we'll be there All right guys listen. Good luck today. Happy trading. Don't forget just really quick You know up on the screen you could see that today I'm gonna be on metastock on it on their YouTube channel I'm gonna be doing a presentation there and then I'm gonna be on traders talk next week And then we got we got a couple cyber expos coming up also It's several speakers will post that up on our upcoming events So just make sure you guys register for it very important you guys do that and once again It's a good excuse to get away from the computer. This is when you're supposed to trade It's time to train times not to trade so go out there and listen in and you know Once again really looking forward to the metastock event because I know a lot of people want to have what does day traders think? Regarding about these markets so looking forward to that good luck everyone happy trading and we'll start commentating about 10 minutes All right, so don't go anywhere. Good luck