 Hey everyone welcome to today's update today's Tuesday May 19th taking a look at earnings Really yesterday after the close the only notable name was Baidu and if we take a look at Baidu I can see it jumped up after earnings and looked like it was taken off and then opened up huge This morning at the open and has come kind of crashing down late in the day in trading the other thing before the open today was Walmart and then couple other big retailers Target and Lowe's before the open tomorrow morning the rest of the week we've got Nvidia and John Deere We've got a position in John Deere and that is it all That's about it as far as the notable names that we would be trading But let's take a look at what Walmart did and then a look at Target and Lowe's so Walmart WMT So it after earnings it opened higher But then like I said like with the Baidu came crashing down later in the day if we look at Lowe's Lowe W So Lowe's so it's tomorrow morning and you can see trading pretty flat today So I don't have a trade in here if I had to guess I think it's probably going to go higher But did not place a trade and then lastly what was the other one? No target? Tgt, you know came down later in the day, but pretty pretty muted going forward again I think I think Target's gonna trade higher You know they're benefiting from a lot of people being bored shopping the takeout services They've done a really good job with so I'm looking at target higher So what happened in the market today? Well as I mentioned a late-day Kind of a sell-off. Let me go to a five-minute chart here first If we look at five-minute chart, you know the market was was basically up and grinding higher most of the day and then right here at about 250 the market just sold off bounced and then really sold off all the way into the close a market just closed about seven seven minutes ago and so there was some there was some news about MRNA they're the the biotech that came out with some news about their Clinical trials good news on their clinical trials yesterday for the coronavirus vaccine and Opened up decent and then just kind of sold off all day and then late in the day Somebody released a paper, you know with some kind of bad news and it sold off and then bounced a little bit sold off again So you know, I'm not sure if that's completely was driving the rest of the market But regardless we did get a decent sell-off S&P's down 30 down 365 Nasdaq down 26 Russell leading the way down down 27 if you look at some of the commodities here bonds up about a half percent Netty gas up over 2% pretty mixed bag as far as stocks go We've got Apple down a little bit Amazon up a little bit Boeing down another three and a half percent can't get it can't get out of its own way Beyond meet up four point seven five. We're still looking at a L. Let's look at a daily chart pretty decent move and beyond Banks got hit late in the day hard I don't know if there was some news with the that the Fed came out with but banks got hit hard Tech holding holding their own Facebook up Google down a little bit Intel up so pretty like I said a pretty mixed bag as far as stocks go if we look at a chart of the S&P You know, we're still trading in this super tight range here You know it looked like we were gonna kind of break out here and head higher And then this late-day sell-off kind of took us back down now What I'm interested to see is how this late-day sell-off is going to react tomorrow We're gonna have a big gap down or is it gonna be business as usual and back higher if we'll see what happens But so what did we do today? Well, we we added a position in wheat to our current wheat position and we added a new iron duck in SPY so we've got a huge buffer to the downside where we can make some profit with no risk to the upside We'll make a little bit of profit if it goes higher. So awesome strategy for this environment Everybody have a great evening and we'll talk to you tomorrow You