 Hey everyone, Lee Lowell here from SmartOptionSell.com. How's everyone doing today? It is Saturday, December 3rd, 2022. We're back for another edition of our Saturday Synopsis. What are we doing here? Well, what's the market's next move? That's what we're going to figure out here. And in the Saturday Synopsis, we look at charts, we look at indexes, we look at stocks, and we try to figure out where the market's going to go. And that's why you're here. Us as option traders, I think the most important thing is trying to figure out where the stock is going to move. Because when you're trading options, whether you're buying calls, selling puts, buying puts, whatever, you have to know where the stock is going to move to. Or have a pretty decent idea where the stock's going to move to. Otherwise, there's no reason to be trading options. So that's why we as option traders, we spend a lot of time trying to figure out where the stock is going to move to. And in the 30 years or the 30 years plus that I've been in this business, I've been a technical analyst. I watch the charts, I look at the patterns, I see the support and resistance levels, and then I make my move. And I let the charts tell me when to get in and get out of a trade. So I make these for YouTube videos, try to help you out as an option trader and even as a stock trader, try to figure out what you can do and how you can look at charts to figure out where it's going to move next. Or where it's not going to move. As option traders, specifically option sellers, one of the things we also try to do is figure out where stock isn't going to go. I know that sounds counterintuitive, but it's a great way to be a profitable option seller by knowing where stock isn't going to move. And if you sell options, you pretty much understand what that is. So let's just jump right in like we do every week and just start looking at charts and seeing specific stocks. I'll show you some of the trades that we've gotten into recently. And some other stocks that I think may be ready to move moving forward. All right, so here's what we do. Every week we look at charts and what you're seeing on your screen in front of you, for those that are new, here's what I look at. This is basically a stock chart and you'll see some lines and things. And this is just me marking up the charts. But right here is what you see. This is the price action of the SPY, which is the exchange traded fund for the SP500. We use that as our best gauge of the overall market. And up here in this section is the price action. Each line here is one day's worth of trading. These are open, high, low, closed bars. You can look at candlesticks if you want. Down here is one of the indicators I use. It's the RSI indicator. It's an overbought, oversold indicator with a 14-day look back period. Okay, and so this is about two years worth of time on my screen right here. It doesn't matter how far back your screen goes. That really doesn't matter. You can always change the settings to look at a one-minute chart, deli chart, 15-minute chart, whatever. But on the RSI down here, we have the 80 level and the 20 level as our overbought, oversold thresholds. And you can tweak those to whatever you want. I think the default for the RSI is probably 70 and 30. You can make it 75, 25. I use 80, 20. So that 80, 20 level really tells us that a chart or a stock is really overbought or really oversold. And you can see it oscillates between those levels. And when it gets really down here below the 20 level or at the 20 level, we know a stock's pretty oversold and a turnaround should be coming in the near future. Same thing on the upside. If it gets overbought into this overbought area, a downturn's pretty much coming pretty soon. All right, so let's look at the charts, see what's been going on. I was not able to make a video last week. We had the US Thanksgiving holiday, so I took the Saturday off and now we're back. And so let's see what the stock markets have been doing since then. Here is the daily chart of the SPY has been saying, if you've been following the markets, you know, basically 2022 has not been a great year for the stock market. Here's January 1st, 2022, and you can see just visually looking the market has been in a downturn. Prior to January, 2022, the market was in this nice uptrend, basically since COVID hit. Market's just been going up, up, up, up, up, up, and then 2022 was not such a great year for all of us bulls. But, you know, it has fits and starts ups and downs, but for the most part, if you just visualize the market's been going down. But we've been getting some decent action in these last couple of months of the year. Typically the last three months of the year, last quarter of the year is more bullish than bearish. And I think we're starting to see that play out. You can see some of the channels that I've drawn. These blue lines are called channels, and it just tells you where the current price action is going. From mid-June to mid-August, we had a nice little pre from the down move. We had this uptrend, and then it totally reversed and came back down. If you watch my videos recently, we talk about this low that was put in here on October 13th. We had a big gap down, move lower, had the flush out lower, and then reversed and closed higher on that same day. And the market's been basically going up since. We draw these lines here as areas of, prior support and resistance. So the number that I've been harping on for the SPY is this 390 level right here. This blue line right here is a 390 level. You can see 390 right here. That really has been the last line in the sand for the market over the last month or so. And we've pretty much held it pretty good right here. Here's 390. So the market's been going up. So I've been talking about that level over the last few videos I've made, which is good. So the market's held above 390. There's lots of things going on. Interest rates have been rising. The US Federal Reserve here in the US has been raising interest rates. But what happened this week is Jerome Powell, who was the chairman of the Federal Reserve, said that based on things that they're seeing, most likely they're going to start pulling back on the aggressiveness of their rate hikes. And you can see right here, let me open this up a little bit more, this long bar right here, this was Wednesday this week and the market just took off like a rocket. I'd like to go back and show you on the one minute chart here, what that looked like on Wednesday this week. This move was the unemployment number yesterday, Friday. I'm gonna show you that in a minute. But let's go back to Wednesday. Follow me here while I scroll back. So here was Wednesday, right at 1.30 p.m. Eastern on Wednesday. This is where Jerome Powell started to speak and he said that the Fed will probably pull back on the interest rate aggressiveness. And you can see just the rest of the day had this power move higher. So this is the SPY remember, so it went from 394 right before the announcement and it rallied all the way up to 40, roughly 407, 408 at the end of the regular trading hours right here. So the market's been up, which has been great. We like the market going up that works well for us. What we do is we sell put options, we sell put option credit spreads and we like to be more in more bullish markets. So what happened on Friday, yesterday, December 2nd, 8.30 a.m. Eastern, we had the U.S. employment numbers, the unemployment numbers come out and the employment came in a bit stronger than people were expecting, meaning more jobs were created, more people are working. So the economy in the U.S. is still very strong. And you can see this is a one-minute chart. So this is where the price action went in one minute's worth of trading at 8.30 a.m. Eastern yesterday and it just collapsed. Why would it do that? Because if the economy is strong, that means that traders are thinking that the Federal Reserve are gonna have to keep up their aggressive interest rates, interest rate hikes to kind of cool the inflation down. And the market does not like when interest rates rise. So obviously people were thinking, oh, the Fed's gonna keep raising rates aggressively so we're gonna sell this thing off. So in one minute time, the market came off, but look what happened through the rest of the day. The market just reversed itself, grinding, grinding, grinding higher, actually traded higher on the day. And then we finished here around just under 406. So we really didn't lose a lot of ground on an overall daily basis. So here's the daily chart for yesterday. So here's Friday's action right here, this bar right here. So you can see that we close at 406.91 on the day, the regular trading hours. And what's good is that it's still holding above 390, which is my line in the sand. And what's really good is that it got above the 200 day moving average. On my charts here, I always have a 20 day, 50 day and 200 day moving average. This 200 day moving average is like the granddaddy of moving averages. That is a true line in the sand for a lot of the price action. And the market was able to get above it. You can see the line here. And here's where we close. Wednesday, Thursday, and Friday, we traded above the 200 day moving average. And it closed above the 200 day moving average. Yesterday as well. So that's a really good sign that the market wants to remain strong. I think that all of these things, all this bad news out there, if you wanna call it bad news, rising interest rates, inflation's still up there. COVID's still out there. The war in Ukraine's still out there. All these things that you would think that would keep the market down, the last couple of months, obviously has not kept the market down. I think the market finally figured out, we've sold off so much. There's a lot of value out there. The market is always a forward-looking mechanism. And they're looking to better times. Optimism reigns in the stock market in the long run. And companies adapt. Companies adapt to the supply chain issues. They adapt to inflation. They figure out how to make money. Successful companies figure out how to make money in good times and bad times. And that's how the stock market works. If you look at the stock market in the long run, here's the long run stock market. The market goes up over time in the long run. And what we have to deal with sometimes is a down market. Just, if you're a long-term bull, sometimes you have to sit through the bad times. And you can see the market's been going down, but the last half of the year, it's sort of getting this sideways action, which means the bottom is really, I believe is in for the near term. And the market is ready to start moving higher again. So that's where we are on the S&P 500. Good thing, traded above the 200-day moving average. That's pretty telling. Close kind of near the high of the day, which could maybe give us some momentum starting in next week. Let's look at the NASDAQ using the triple Qs. Here's the triple Qs. This has been the weakest of the three main indexes, which the Dow industrials is the third index. And because the NASDAQ has made up these really large stocks that comprise a big part of the triple Qs in the NASDAQ. We're talking the Fang stocks, the Facebook, Apple, Amazon, Netflix, Google, a lot of these big tech stocks have fallen of late and they're starting to turn around, but has held the NASDAQ down as the worst performer in 2022. Now you can see, I think it was the last couple of weeks ago, I drew this bull flag pattern where you have the flagpole and the pennant and typically a bull flag, once it gets out of the pennant here, it typically goes back to the upside. It goes back from where it started from, started low, made a little pullback and then starts to go. You can see the NASDAQ, the triple Qs is playing out pretty good on Wednesday. We had that nice big move up. So this bull flag is playing out exactly as it should, powering back out to the upside. So the triple Qs, NASDAQ, it's still down here near the lows, but it's starting to move higher. It has a 200 day moving average lurking above, but if it can get there and above it, just like the SPY has, then things will start to look really good for the market. Let's look at the Dow. We use the DIA. Here's the symbol, DIA, this is the exchange traded fund for the Dow Jones. The Dow has been the strongest of the three indexes. You can see we had this kind of, now it's a, we had the inverse V here, and now we have the, this regular V here. And you can see we had a double bottom. Double bottom is when price action comes down once, goes up a little and comes back down to almost the same exact spot and then bounces. That's, this is the ultimate double bottom pattern right here. So that's typically a bullish pattern, very bullish pattern. And you can see the Dow has gotten back above the last high it made in August. You can also see a W pattern. We talk about the W pattern. When the price action gets above the middle of the W, it will tend to keep going. So if you visualize the W here, you can see this price action got above this area here just towards the end of this week and it could still go to next week. And it's trying to get to the highs of all time for the Dow. Let's make sure we're looking at the all time highs. We'll go out to the monthly. So the all time highs for the DIA was made. What's my date here? Right here is on, yep, this is January. So January was when the last high was made and that price was right up here. So right around 370, just under 370. So we got a little ways to go to take out the highs, but the Dow is definitely the strongest looking pretty good. I have to believe going through the end of the year and into January, I really don't see anything that could bring this market back down to test these lows again. I really don't. I think, you know, all, you know, unless there's another catastrophe out there that we don't see coming, all the news is out there. All the bad news is out there. It's been factored into prices. And I think the market just realized that there was a lot of value after this big sell off. Let's start buying. So we're, in our newsletters, I'm taking the stance that I think the bottom has been put in. We're gonna get into more new trades. We sell put options, sell put option credit spreads. So I'm just gonna bring up our website here. If you wanna learn about what put selling is all about, put selling is our bread and butter. We sell put options, that's what we do, okay? So here's our website. And you can go to Put Selling Basics. This is a free ebook, Put Selling Basics right here. Scroll down and you can put your name and email address in here. We'll send you an email that has a link to the free copy. If you wanna learn about put selling, that's what we do in our services tab here. Here's our two newsletters that we run. We also have our one-on-one coaching sessions if you wanna get yourself up to speed on how to trade options. So get a copy of that, learn what's going on and that's what we do, we sell put options. So where are we now? So that's the three indexes. Let's look at some individual stocks and see what's been going on. Here's my list of stocks that I kinda keep track of most of the day. Every day I keep watching these stocks. A lot of people ask me, they email me, tell me Lee, what are these things right here? What are these? CZ, CS, these are other commodities that I track. I don't really talk about commodities that much anymore, futures markets. This is the corn market, corn futures, soybean futures, wheat futures. We got coffee futures here, sugar, cocoa, cotton, orange juice and gold and silver. You know, I used to be a big commodities trader when I first started in this business, but these are the handful of commodities that I still track on a daily basis just to see if there's any action that could be worth getting into but we don't talk about those much here. So anyway, let's look at some other biggies that we always track and follow. Stocks I'm talking about. Let's look at Apple because Apple's one of the most popular stocks in the world, almost everyone on this planet has an iPhone, iPad, Mac computer. So Apple is a stock that we like to look at every week. Apple has been in this V, reverse V and kinda trading sideways here in between this range here. You know, we're bullish on Apple. I'm bullish on Apple. I wanna see Apple go higher. It's been kinda hanging around here sideways. So we actually are looking to see Apple move higher. We want it to move higher and we actually have a spread trade on Apple. We sold a put spread on Apple, meaning we're bullish. We're neutral to bullish on the stock. Even if Apple trades sideways, we can still profit. That's one of the best things as an option seller. Even if the stock moves sideways, you can still make a profit. You can't say that if you're an option buyer. Whether you're buying calls or buying puts, if the stock moves sideways, you're gonna lose money due to that time decay. As an option seller, time decay is your best friend. So if a stock moves sideways, we're still making money. So it's really not that bad for us. We'd rather see it go higher but sideways action's not that bad either. So Apple really needs to get above this 150 level right here and stay above. It needs to get above the 200 day moving average right here which is around 154 or so. So we wanna see Apple start to move higher. If the general market could move up, then Apple will move up as well. A lot of stocks, individual stocks, they don't have a lot of news going on for the company. Outside of their quarterly earnings results, sometimes they have news announcements, new products, whatever, but not a lot of news. So stocks will follow the general index. So if the stock market, the whole market could start to move up, which it has been doing, we'd like to see these individual stocks move up as well. Apple's been kind of being held down as part of that NASDAQ group. Let's look at Amazon, see what's happening with Amazon. Amazon's still trading down in the dumps here below $100 a share, still down here. You know, it had the earnings, we're not so good. So it's still kind of trading down in the dumps. We need to get back above this line here which is probably around $102 a share, which was the line intent. You can see the support back here, May and June, at one, two, three, four, five, six, seven times, it tried to get through the 102 level and it bounced, but now it finally got through it. So now 102 is the resistance. So on the way back up, it'll probably find some resistance here. If it could blast through it, then this, the 50 day moving average will be the next line in the sand and then the 200 days. So Amazon's still kind of hanging around the lows. Let's look at Google, these are the biggies. Google also had bad earnings, dumped down here and now it's coming back to its support resistance level right now, right around 102, 103 as well, just like Amazon. So you can see the resistance here, I'll open this up a little bit more, tagged it here, it got knocked back down. So this was Wednesday this week, it rallied with everything else, but this line right here is gonna be resistance until it could really get through it and then challenge the 200 day moving average here. Let's look at Netflix. We also have a position on Netflix. We sold some put credit spreads, put option credit spreads, that's what we do. Netflix has been working great for us. This 250 line right here was the line in the sand, it was holding it down for a long period of time, then it blasted through it, it's gotten above all the moving averages here and look at this nice move. It's got this nice upwards trajectory here. I like how Netflix is going. It's got some ground to make up here, it has almost closed the gap from here. We talk about closing the gap. See this big gap here, this is where trading one day and then the next day was down here. So this is an earnings gap, but what you wanna see the subsequent trading, you can see here we are here has almost reached the bottom of this bar, that would be closing the gap, but it also has a big gap up here as well. So Netflix has got a lot of work to do to get back up to $700 a share, but I like the way it's looking now. We can draw some support. Here's the upwards part of the channel right there. You can see that. So Netflix will probably trade along this level, keep bouncing off this line right here and continue to move higher. So I do like Netflix, it's looking good. What other stocks do we have? What are some of the biggies? Let's look at Microsoft, another big player. So Microsoft had been in this downwards channel, but obviously since, looks like beginning of November, it's has a nice little up move. You can draw the support lines here, just connect some of the bottoms and you can see it's currently in this sort of upwards trending channel right now. The channels give you some good visual of where the stock or market is going. So if you're looking to get long, you could wait for it to come back down and bounce and if your day trader, if it goes up again and hits the top edge, you can sell your position there. You use the channel to get in and out of trades if you're a shorter term trader. Let's see what other stocks we have on the list here. Intel, let's look at some of the chip makers. So this is Intel, still down in the doldrums. The chip stocks have gotten hit all year long. Intel has not really been a player the last couple of years. We like AMD a lot better. We also have a put sell, a naked put sell position on AMD's, working out for us, getting ready to take that off for a profit. AMD been down in the doldrums as well but has made this nice little final bottom here, I think. It's got some sideways actions, which is fine with us and starting to move up. Let's look at Micron, excuse me. Micron also chip stock, not as strong as AMD has had this pullback recently. I'm not in no position on Micron. Nvidia, the other big player, moving up just like AMD but still kind of in this long, you can see we can even draw the line on the bottom here. You can see it's been in this big downtrend for a long time. But you know, in the long run, chips run computers and computers are everywhere. So these chip stocks are gonna go up at some point. You just have to have the stamina to hold out if you believe in the companies. None of these are recommendations. I just wanna say, I'm not telling you to buy these stocks. I'm just telling you what I see here. But I know in the long run, the stock market goes up and pick your stocks that you like for the long run. Let's see, Nike. Nike, another quality company, long-term quality company was in the doldrums just above $80 a share but it's rallied 30 bucks in the last two months. Has a nice move, but you can see where it stopped right on the 200-day moving average here. So these moving averages pretty much act like magnets at time. Either gonna knock it back down or if it's coming down, it'll bounce off of it. So right now it's had a nice move, got above the 20-day here, got above the 50-day here. Now it has to contend with the 200-day moving average. If it can get through there, looks like Nike will wanna keep going into the end of the year and maybe early next year. Stallwart name brand company, everybody knows Nike. How long are you gonna keep it down? You can't keep it down for long. Value was down here near $80. Disney, same thing. Everybody knows Disney. Still kinda hanging around near the lows, under $100 a share. But how long are you gonna keep Disney down? You got the parks, you got Disney Plus, you got all the merchandise that they sell. You know, Disney, everybody knows Disney. So you can't hold it down for long. Let's look at the monthly. The COVID low was around $80 a share. Look at this reversal. I mean, if you wanna get long Disney, you love the company for the long term, keep an eye on it. Eventually it's gonna turn around and go higher again. That's the way I look at it. I know in the long run, I'm a holder for the long run. I know these stocks will turn around and go higher. You just have to sit through some of this before you are rewarded. Let's see what else we have. Oracle, yes, looking good. So you can see the pattern that I drew recently. You have the uptrend and the flat top. And typically when it can blast through the resistance line here, it should keep going. You can see Oracle. Let me bring this down here so we can see what we're looking at. Oracle had the up move, flat top, held it down for a little bit and now blasted through it. So you can see these, they're called ascending triangle patterns. If you go to a website called chartpatterns.com, chartpatterns.com will give you all of these patterns that show up time and time again on charts. You can also see down here on the RSI got to very oversold levels and look at what happened. It bounced, okay? So you use the RSI, you use the patterns. You can also kinda see the W pattern right here. Looks like a W. When the W pattern happens near lows, it's almost, I'm not gonna say it's guaranteed, but it's almost guaranteed that the markets or the stock's gonna go up. Once it got past this resistance line or the middle part of the W, look where it went. So keep an eye on these patterns. Go to chartpatterns.com. It'll help you figure out what to look for because the market is made up of humans. Humans trade this so human nature doesn't change. So these patterns don't change over time. Same thing here. You have the nice little, this is Cisco. Let me move this over here. Cisco has a nice up pattern, just been gotten above the 200 day moving average convincingly. So Cisco looks pretty good. We had a position on Cisco that we had a roll for a little bit, but it ended up working out for us. Let's look at some other stocks here. Procter and Gamble. Look at that nice move off the bottom here. Got into some oversold levels here on the RSI. Just powered higher. Walmart is the stock I like to talk about all the time. Just, you know, this is the biggest retailer on the planet. You know Walmart's gonna go up over time, especially during inflation when price is getting higher. Walmart's one of the best places to shop to get better value for your money. Back here, look at this RSI. Even got below my low level of 20. And look how this bounced right here. Went up, came back down for a second opportunity and look how Walmart's just rallied higher. You know, at the end of the year, these stores Walmart, Target, they're gonna have lots of sales. You know, the holiday season makes or breaks these companies. So we'll see in January or maybe early February when these guys start putting out their quarterly results, we'll see how they did. But, you know, I like Walmart for the long run. Tesla, okay, let's talk about Tesla here for a minute. Tesla got below the line in the sand here that I had on the charts. Kind of trading near the low still. I don't have an opinion on Tesla because Elon Musk is too much of a wild card for me. You know, he's trying to run Twitter now. If it's going down, he's gonna have to sell more Tesla shares to keep the company afloat. I don't, you know, it's hard for me to put up an opinion on Tesla stock where it's gonna go. It's too messy of a chart right here. So, you know, I'm staying out. We don't have a position on Tesla, but it really depends what happens with Elon and Twitter and where that thing goes and it'll decide how the company's doing. We have the healthcare stocks. We love to talk about healthcare stocks. Look at this nice chart. This is Eli Lilly, Bristol Myers, bottom left, top right, all going up. If you wanna be bullish on a stock and get a good stock, you wanna find a stock that has been making, you know, movement upwards over time. Even in the face of a downtrending market, let's look at Lilly here for a second. This is Eli Lilly. Here's the symbol, L-L-Y. You know, the market's been going down all year, but look at Eli Lilly, been going up. Two years been going up. So, you wanna find these stronger stocks. The energy stocks as well. Look at those in a second. Here's Bristol Myers. These are all healthcare pharmaceutical stocks. If you wanna get them all in one shot, look at the XLV also. I guess I drew this last time. A sending triangle with the flat top and just blasted through. So, these patterns work. Watch for these patterns. A sending triangle, blasted through. This is the XLV. Here's the symbol right here, XLV. This is the healthcare pharmaceutical ETF. Get all these stocks in one shot. Let's look at the, like I said, the energies. So, Exxon Mobile, XOM right here. This is Chevron. So, energy's been a great player for the last two years. Energy companies going up. Price of oil had been going up. Price of gasoline had been going up. So, there are pockets of the market that are doing better. I talk about Verizon. I like Verizon, of course, but still have not pulled the trigger on getting long on Verizon. Here's AT&T actually looking pretty, looking better than Verizon. Here is making some lows here on the RSI and finally bounce. Kellogg. These are, you know, name brand companies that make products that we use day in and day out. Kellogg, General Mills, mostly cereal that we eat in the morning. General Mills, look at this. All-time new highs in General Mills. So, you gotta find the companies. Let's see what else we have. The payment sector that I'd been bullish on, PayPal and Square, still not doing that great. This is PayPal. This is Square just hanging around the lows, down in the dumps, not no positions on those. Costco, because here's another company that I love. Got hit hard this week with their earnings. So, Costco, got hit pretty good. So, if you're looking for Costco, you know, it's a great company. Let's look at the monthly chart here for a second. Costco, you know, look at this trajectory. So, it's kind of making, this is the monthly chart. So, let's draw a little, let's draw a little something here. You've got a congestion pattern where the price action gets tighter and tighter, okay? And it's coming to a head and eventually it's gonna blast out either higher or lower. You know, my bet is that Costco's gonna blast out higher. Typically, where it comes from, the direction where it comes from starts to get congestion and it'll continue finally in that same direction. So, keep an eye on Costco. Let's go back to the daily chart. Oh, you can see right here, on the daily chart. Got the, so this is the congestion pattern that I just drew. It works on the daily as it does on the monthly. So, you can see it's getting tighter and tighter. So, maybe there might be a little more time, maybe another month or two, before it decides, you know, where it wants to go. So, keep an eye on Costco. I like to see how this thing plays out over the next few months. McDonald's doing well. Pepsi, great dividend company. Look at Pepsi, just going up, up, up over time. Pepsi, very strong company. So, you wanna look for these strong stocks. If you're in for the long haul, you wanna find these great dividend paying companies. Another one, Stanley Black and Decker, SWK. We just put a trade on Stanley Black and Decker this week. Another amazing dividend paying company. Coming down, it's making the lows. Start and have this sideways action here. So, let me open this up a little. Has gotten above the 20-day and 50-day moving averages. So, that's the first sign. You wanna see them get above the moving averages. You can see the RSI starting to move up as well. Next stop, maybe the 200-day moving average here. Probably gonna trade a little more sideways, need some momentum and starts to move higher. But that's a play that we've gotten into this week. The home builder companies, Lowe's, also got into a position this week. I like the movement that it's making. I like the uptrend here. You can kind of see a W pattern here taking shape. It's not the exact W, but I like the rounding bottom action here. And even if it goes sideways, it works for us. Home Depot, same kind of thing. You can kind of see a W pattern here. It's above all the moving averages. So, these stocks, the home builder stocks, have some momentum behind it. Here's Warren Buffett's Berkshire Hathaway. We talk about Warren Buffett almost every week. Also, look at the W pattern here. I said the 310 level is probably the level that it needs to get to. And it's been staying above that all week. So, Warren Buffett, one of the greatest investors of all time, let's go back to our website here for a second. Here's another options trading strategy that I wrote about to piggyback Warren Buffett. The secret to buying Warren Buffett for pennies on the dollar. It's not a free report, but it's an interesting options trading strategy that I wrote about that you can basically piggyback all his plays for a lot cheaper than what it costs him to do it. So, if you're interested, take a look at that. That's Warren Buffett looking good here. Let's go through the last couple items on the list. Facebook, Meta, we looked at that. Did we look at that? It's down, it's still down in the lows. I don't like Facebook that much. IBM looking strong, looked at Google. Last couple, Clorox, looking good. So, let's take a quick look at Clorox here. Let's draw the ascending triangle, the up move, and then you had the flat top right here around 150. Okay, so we'll look at that. And it's just starting to move above 150 this week. So, keep an eye on Clorox. This is Clorox CLX right here. You know, if it stays above the flat top at 150, it's going to keep going. So, keep an eye on Clorox. I may have to look at that for a play for us coming up. Colgate, same thing. Also, nice move up. Coca-Cola, always talk about Coca-Cola. Had the bottom here, RSI got oversold. Look at this nice bounce from 54 all the way up to 64. One of the greatest dividend players of all time. One of Warren Buffett's biggest holdings is Coca-Cola. So, you know, when you get a chance to buy Coke, when Coke falls down that hard, that fast, you really need to take a look at possibly getting into the trade. You know, no recommendations here for me, but these are the things that I look for. Two others, we have the Utilities, Consolidated Edison and Southern Company. These are utility companies. We got into a play on Southern. It's working out for us, so hopefully we'll be able to take that playoff for profits locked in. All right, I think that's it for here. I think that's, we've gone through the list. Let's look at the SPY one more time. And we'll call it a day. Once again, 390 is my line in the sand, got above that the last couple of days, stayed above it, I should say, and is now trading above the 200-day moving average. The longer it can stay above the 200-day moving average, the stronger the case is made for support and the bulls going forward. So I'd like to see SPY move up during next week. All right, that's all for me today. I hope this has been helpful to you. I hope it helps you in your options trading. You know, you gotta look at the charts. Charts is the first and foremost. You can't trade options without knowing what the stock's going to do or where the stock is moving. You know, if this has been helpful, give me a thumbs up in this YouTube video. I try to make these every week if I can to help you out. Leave me a comment below in the comments section. Send me an email. Sign up for our free put-selling report and, you know, send me any questions you have. I love hearing from you. All right, that's all for me today. I hope everyone has a great weekend and a great trading week ahead. This is Lee Lowell signing off.