 What's up trade hackers welcome to today's update today is Wednesday April 29th Welcome to today's update starting with the trade hacker question of the day. What happened to the price of USO USO, of course is the United States oil fund the largest oil ETF Obviously there is a crisis going on in oil and so what happened is We go to the platform taking a look at USO just yesterday This was trading at around two bucks a share and now all of a sudden you wake up this morning and it's at 18 What happened? Did I make a bunch of money if I own shares? No, no, no you did not Basically what happened is last week they announced that they're going to do a one-for-eight reverse split So basically what that means is let's say you owned 800 shares of USO You woke up this morning instead of having 800 you own 100, but they are worth eight times as much So all it did is kind of repriced it you don't benefit or get hurt from that if you do own shares It just simply is a reverse split to bring that price higher and allow for more Funding and things you know hedge funds and and big institutions They don't like to invest in $2 stocks and so this will just help with their overall flow of cash in their system So that's what happened in USO. Let's take a look at the rest of the market big update S&P's up over 87 points now up over 600 NASDAQ up over 380 Russell up 65 and this is about 40 minutes after the bell has rung so this we are in after hours here What about earnings for big earnings happen after the bell? Let's start with our friends Facebook So here's Facebook. Let's go to a let's just go to a five-minute chart and that will give us the overnight action And so what you'll see let me zoom in here for you so the gray is is after-hour so they announced and Stock closed here at about 194 and it's already trading up to 212 So big move higher in Facebook those of you who are members make sure you're in the community pre-market We'll be posting a potential post earnings trade in Facebook another earnings that came out Tesla Big up move in Tesla as well closed about 800. It's about 863 Expected move in Tesla was about 76. I think yeah a little over 76 So still within its expected move whereas Facebook going back to Facebook Expected move was about 12 and it is well beyond its its expected move. So what else eBay? Eba why So eBay basically did a little did a little dancing is ending up right back where it started What right record it closed the day so not much there of course We have all night. We still got the earnings call coming up as well. And then lastly Microsoft Microsoft up as well. So closed at about 177 and it's up to about 184 the expected move in Microsoft was about seven and a half bucks. Yeah a little less than seven and a half So it is beyond its expected move as well So we will be looking at Facebook Tesla and Microsoft in the community tomorrow morning potential trades first thing out of the gate No new trades today, but let's take a look at what some of the other stocks are doing Airlines are up big. I mean everything's everything's green except for AMD See what else we got here. What other big movers? Harley-Davidson Another big move today after their earnings a couple days ago slumber J up 12% And yep up a nice 20 almost 20% So big moves higher this market has no fear It is interesting to see how this stimulus and the Fed break cuts and all the money flowing into the system is just Really propping this thing up. The question is how long will this Band-A last that is the magic question Everybody have a good evening. We'll talk to you tomorrow