 What's up trade hackers? Welcome to today's update. Today is May 28th, Thursday Before we jump into the platform just want to give you a little insight into something that will be coming your way That I think is absolutely going to blow your socks off. So for the last several months I've been looking at some shorter duration trade like intraday trading and some things that I used to use and then some new things that I've put together It's extremely extremely powerful. I can't wait to share with you It's gonna be it's gonna be a little while so don't I may be a little early jump in the gun and even sharing this with you Cuz you're gonna be too excited. You can't barely stand it But you should be because it's it's pretty awesome a couple things one we're trading options We are trading in the first 90 minutes of the day. So we're talking about I'm central time So we're talking about 8 30 a.m. And we're done at 10 10 a.m So it's not like something where you're sitting in front of your screen all day Kind of waiting for something to happen. I mean it is literally you're taking trades in the first 30 60 as Late as 90 minutes of the day and then you're done Started off, you know, just kind of really trying to hone in the rules as you guys know We'd like to be very mechanical with our trades have very specific criteria for which we enter and exit and manage trades And so I've been really trying to to kind of test and really create those rule So it's not it's not ready yet. Obviously, there's gonna be a full-blown course step-by-step details on this You know, I've been trading it pretty consistently the same way for the last I don't know month or so and and I've just been slowly kind of scaling up my size as I'm trading I mean, here's literally from Memorial Day was Monday. So this is Tuesday This is Wednesday and this was this morning. So and just to give you an idea I mean the most capital that I had at play at any one given time I actually used more this morning the most I've used was about 25,000 in capital to generate this it within the first 90 minutes. I mean like on Tuesday I think the most I use was maybe like 8,000 so just substantial returns and and really just a very very cool way of Do an intraday trading that you've that you've never seen before You know, as you can see we're trading the most the biggest most liquid stocks You get your Amazons Boeing Facebook Netflix NVIDIA Tesla, you know, really the top 15 Big liquid stocks is all we're trading. So it's super liquid. I'm super excited This is going to literally blow you away of what this can do for you So excited to share it with you just wanted to give you a little heads up that this is one of the things that we're working on We've had a lot of we have a lot of things coming your way We've really just been holding off because we're trying to get this stupid membership platform rolled out and it's just taking Way, I mean you're supposed to roll out before Thanksgiving last year if that gives you any idea and it's just taking way too long a lot of it is just the behind-the-scenes logistics of You know alerts delivery and a bunch of other custom development stuff that is just I mean it's gonna be great But it's just taking way longer than expected So that should be coming in a few weeks and then we're gonna be pushing out a ton of new stuff for you guys So anyway all that to just let you know of what's coming your way It's exciting stuff. So stay tuned as we'll be announcing this stuff to come One of the thing I want to mention earnings so after the bell today We've got Costco and we've got Ulta. So those are kind of the two names. So let's go to the charts Let's go to the platform Starting with with Ulta having a little bit of a down day today Earnings after the bell. So we'll see what happens there. I do not have a trade in Ulta or Costco Haven't been doing really any earnings trades this cycle. I mean if you look at if you look at Costco I mean this thing here's the last earnings announcement and this thing has just been in a violent Unchanged mode since since the last earnings. I mean we've had some pretty wild swings But it has ended up basically right where it started right after right around the last earnings announcement So violently unchanged and so we'll see what happens there again I don't have any positions on here But it'll be interesting to see how Costco has been performing on the in their full month of the corona economy So we'll see what happens there What I mean just a wild ride in the markets I mean if we look at you know the S&P 500 not a huge range and we were talking about a high of 3065 and a low of 3028 so about a 35 36 point 37 point range on the day But it looked like it was going to take off to the upside and then just lately here just in the last 30 minutes We've got about 12 minutes before the market closes really in the last 15 minutes or so This thing has just sailed off if we look at a an intraday chart. Let's just look at a five-minute chart. I Mean this thing is just Falling out of bed the last 30 minutes here I mean, you know it rallied all the way up and now it's down about to break its lows Like I said, we've got about 12 minutes left before the market closes So it's been a wild ride same same thing yesterday, right? I mean it just we've had you know It started to sell off look like it was just gonna collapse and then just rallied all the way back up to To break new highs on the day So this market just does not know what it wants to do if we look at the the daily chart You know, we've been talking about kind of this this little flat You know grind sideways to hire that we've been seeing and now we're you know looks like apparently breaking out But definitely not with a lot of force and now we're seeing it start to pull back So we'll see what happens We still have some short delta a little bit of short bias in the market after this pretty significant rally from the bottoms And so that's how we'll continue to play it If we look at some of the stocks, I mean most of this was green Just 30 minutes ago and now a lot of these stocks turning red Tech is turning red if you look at financials financials down I mean, let's just look at XLF, which is the financials ETF XLF, you know, I mean again, it's kind of like the rest of the market But it was up big and now it's down big or is that is up substantially now It's down big over sit down. Well, it's down not even 2% I guess but you know same same kind of thing here It's been a little bit more a little bit more volatile But you know still a very similar kind of just range We're just been kind of bouncing around for all the ways, you know since the middle of March And so you know look like appears to be breaking out now it's coming down So the question is will we get some follow-through to the downside or is this thing just going to continue to rip higher? I don't know when it's gonna happen if it's gonna be tomorrow or next week But I do believe that the market is gonna roll over and test the the March lows So we will see let's see what others if there's any other major stocks moving that I wanted to mention Like I said just in the last 30 minutes these things have really fallen out of bed Yeah, so nothing. I mean everything kind of between one and one and five percent for the most part So what did we do today? We did some adjustments We rolled extended duration on some of our short Delta positions and we added a new weekly double calendar And we took off a weekly double calendar And so we are looking for we're looking for a little bit of down movement into tomorrow In fact the one that I did take off I wish I would have left on after the fact because we needed this little down move to help benefit that trade But you cannot trade in hindsight, so that is how it works. Hope everybody has a great evening. Talk to you tomorrow