 What's up trade hackers welcome to today's update today's Thursday, February 6th It has been a couple of days since I did an update. I've been traveling and Little under the weather. So I am back and let's talk markets. So what's going on today? I mean the S&P 500 hitting new all-time highs at 3348 let's call it, you know last Friday We had this huge down day S&Ps were down over 60 points And I really thought you know all the media was talking about the coronavirus and that's what the drop was due to You know, I really thought we might get a little bounce or consolidation and then potentially roll over But that is definitely not what happened here. I mean Monday We got a gap higher Tuesday gap higher Wednesday gap higher Thursday gap higher And it looks like it's back to all-time. Well, it is back to all-time highs and looks like it's back on the rally train So interesting stuff here. I mean this market just continues to be unbelievably resilient if we look at couple of the other markets Specifically a couple of the energies if you look at oil, I mean up here, you know We had this huge spike up overnight during the Iran missile issue And then it just dropped big time and it's continued just to slide got a little bit of a bounce and oil yesterday But just continued downside action in oil and that gas another energy that's just been on this major downhill slide So interesting stuff if we take a look at so what some of these stocks have been doing, you know we've had some earnings come out and Specifically or first I want to talk about Tesla. I haven't done an update since we've had this massive run in Tesla And let's go to a one-year daily chart. I mean if we look at right around here So let's just zoom in here right around this point when we were trading at about $400, you know I really thought okay Tesla looks like it's it's gonna take off and I even mentioned in one of the videos I said, I think this will be trading at $600 in not the two distant future now I didn't know it would take just a few weeks to get to 600 and I didn't know that it would blast through 900 in just a few days, but wow what a what a ride on Tesla, you know topped out at 969 basically and then had a huge drop yesterday and then just kind of bouncing around today So Tesla has been quite their wild ride Twitter announced earnings after the market closed yesterday and Up big up 15% today Some of the other things that we've been looking at, you know beyond meat had been moving around quite a bit if we look at BYND It's kind of settled down into a little bit of a range here And it's got earnings coming up here in the next month or so So those are some of the major movers bowing another one kind of back on the rally train You know after earnings announcement is pretty muted, but the last couple days is just really shot up You know one of the big big drags on the performance of bowing has been obviously their their max You know they were having some Mechanical issues had to ground some of those flights and then they ended up firing their CEO because he kept Overpromising when they were gonna come back Well, the new CEO seems to have got things together being a little bit more conservative on the outlook of when that's gonna happen And things look like they're starting to come back around for bowing So where does this leave us? I mean, what are we looking at here? Well in the overall market going back to the S&P I don't think we're just gonna roll over and die at this point I mean that things are just too strong too resilient So we you know, we've obviously got the election coming up here in 2020 And I think though that will create some definitely some significant volatility And I certainly don't see the market just continuing to rally with no two-sided action like we saw Most of the part of the end of 2019 so I definitely think we're gonna have some volatility some two-sided action and not just a one directional up move But at the same time, you know, I don't think anytime soon are we gonna see a huge huge downturn? So just my take hopefully that is helpful and we'll talk to you guys next time