 Everyone welcome to today's update today is Wednesday March 18th So in the markets today market was down huge We are we're closed at the time of this recording markets been closed for about 20 minutes S&P's down 4% But they were down almost 10% at one point and you can see I've got my chart set up showing year-to-date percentage performance so S&P was at one point down about 30% plus percent and it bounced a little bit right before the close But this rally that we're seeing back up to where it is right now and that happened This is the future so this this happened just in the last 15-20 minutes after the market closed. So bouncing hard after hours S&P at this time down for Dow down over five Nasdaq down almost three and Russell hit the hardest still down over seven and a half Oil taking a major hit today as well down over 16 percent Remember we we dropped about 25 30 on that sunday night Following the Saudi Arabia and Russia turmoil and then it's continued to slide here So we actually dipped our toes back in started selling some more premium in oil with implied volatility this huge And you know kind of the range that we're we're seeing now We look to sell a little premium if you look at the year-to-date performance I mean oiled down over 62 percent year-to-date. So just a massive move there Gold down two and a half percent continues its big daily range If we look at bonds bonds down again today as well not as and they they made a rally From their lows as well, but still down about a percent and a half which Bonds is actually uh, that slide is actually a little welcome to us when we had this big rally That was pretty painful this part right here especially and then it's come right back down Into the center of some of our trade. So bonds bonds doing well for us at this point Natty gas down another five percent Some of the grains up well corns down wheats up So a mixed bag in the greens If we take a look at some of the stocks out there that we watch, you know some of these stocks You know amazon actually up on the day and it's pretty flat on the year only down about 3 3.5 percent on the year Boeing getting slaughtered again today down almost 18 percent. No bailout is coming for the Airlines yet. I still think that's going to happen I've been kind of nibbling here on Boeing and a couple others A couple other stocks. I wanted to point out capital one financial getting hammered banks getting hammered again today Delta airlines down 26 percent airlines getting just slaughtered If you look at you know, some of these others, you know, if you look at like netflix for example Which obviously the effect of coronavirus on netflix has not been nearly as impactful I mean netflix is down four percent on the year. So it's it's definitely seen a little bit of downside But not near the downside. Some of these other stocks have seen so if you're looking for You know stronger stocks during this period You know look for stocks that aren't really or companies that Are really a little bit more immune to the virus netflix being one another one would be zoom zm You know zoom is the kind of webinar or teleconference software That people so a lot of businesses instead of having in-person meetings They're doing zoom calls and web conferences zoom is up 72 year to date I mean this stock has not been hit at all the rest of the market So, you know, those are the kind of stocks that you know, if you want to be long stocks during this period Those are the ones to look at You know, some of these others, you know, starbucks continues to get to get hit a little bit Although it bounced hard at the end of the day as well Uber getting hammered over down over 20 percent. You know, nobody is nobody's getting out. Everybody is staying home. So Travel hotels, you know, all those kind of stocks are just getting hammered So casinos, I mean look at wind down another 20 percent down 70 percent year to date. So A lot of blood in the streets, my friends just again stay small. I can't stress that enough Don't be in a rush. You know, if you lost money during this slide Do not be in a rush to try to get it back You've got to be smart about this and just take precautions You know, we're starting to dip our toes back in slowly every day kind of adding a position Continuing to keep our short positions in place and just managing those positions As you see fit, but don't try to be a hero. Don't try to pick bottoms and tops here. We are we're just trying to play probabilities and with with premium as juiced as as it is You've still got huge massive ranges And so one thing that we're doing if you know for our pro members if you notice We're not doing a whole lot in individual stocks when you get implied volatility spiking like it has In our methodology and the way that we trade there's really no reason to get into a lot of stocks It's really about using ETFs and futures and you know broad market indices because there's plenty of premium in those To manage and sell premium and and do the different strategies that we teach. So Hope that helps everybody have a great evening. We'll talk to you tomorrow