 What's up trade hackers welcome to today's update today's Tuesday March 17th Doesn't really feel like a st. Patrick's Day to me usually there's some craziness going on in the city a lot of green beer but not today my friends everybody is hunkered down and So what's going on in the markets today? Well, maybe it's maybe it feels lucky for you We're actually getting a little bit of a bounce in the market about a 200-point range in the S&P today It seems pretty calm compared to the ten percent 11% swings that we've seen the last few days big day down here then a big bounce up Then a big down day and then just kind of a a muted day But still a huge range with 200 points in the S&P's now up 528 NASDAQ up over 330 rustle up over 40 We still got a little less than an hour to go in the market from the time of this recording Oil continues its slide lower down over five percent today Gold wild rides in gold as well big range ended up about up about three percent today But the big news is bonds bonds down almost four and a half percent right now You know if you look at bonds bonds obviously have an inverse correlation to interest rates and so The Fed came out last week and it is surprise Well, maybe not such a surprise but came out and did a a 50 basis point rate cut and then came out When was it Monday? Sunday night I think came out and said we're cutting the rates to zero So they are cutting the Fed fund rates to zero now Does that mean you can get your mortgage at zero percent loan? No, but the federal fund rate is the rate that banks can borrow at okay So you're still gonna be paying you know a couple percentage at least on your mortgage on a 30-year note or 15-year note But that does bring the longer term rates down So the Fed is trying to control the shorter term rates by lowering the Fed fund rates And then they're also buying all these additional Treasuries to try to pump up or try to bring down the longer dated kind of the 30-year duration type notes as well. So Typically when you're seeing especially surprise rate cuts with the Fed That's when you would see these spikes in in bonds, but 50 basis point cut here bond market tanked It popped up a little bit yesterday after the slash to zero when they cut an additional 50 basis points, but down considerably today, so You know just a wild market not a lot of Rationals you would typically think of it in the markets right now So you just got to continue like I say all the time stay small stay mechanical and be careful out there because things are Whipping around like crazy Nat gas down almost 5% today and then let's take a look at some of the other stocks With a big update in the S&P's and the and the rest of the indices today You would think that the majority of individual stocks would be up, you know We're up over 3% up over 4.5% in the Nasdaq But if you look at kind of these closely watched stocks, you know most of our green But there's certainly still a lot of red on the screen And so if we kind of take a look at these, you know apples up over 4% Amazon is up over 6% Boeing continues its slide down at its down over 7% You know, this is one that I've started to actually nibble on I got long here and then sold out for a quick profit overnight when it Bounced 15% nibbled yesterday nibbled again today getting long So and the reason is is, you know, I think the airlines are going to be one of the Industries that gets bailed out here. And so when that happens, I think we see a pretty significant pop in Boeing Alibaba up 4% Be I be up 9% Beyond meat banks are getting hammered today with with bonds down. You're seeing the banks get hammered It's the Delta Airlines. Of course airlines getting hammered again I'd be really really careful if you're short airlines though I think I think they're gonna be getting a bailout at some point which could create some significant upside for them See what's Disney down with all the parks closing. I'll see what some of this So these other interesting stocks are doing Lowe's is down lift and Uber down McDonald's is down a lot of the techs are up today Microsoft up big Netflix up big Nvidia up almost 10% Oracle up almost 10% Starbucks down I heard they are Nationally going to drive through only or pick up only or something like that see some of these others here if there's any other Tesla's down about 5% You know when people get tight with their money like it seems like it's happening You know luxury items like a Tesla may not be on the list for people to go out and rush out and spend a bunch of money on So seeing Tesla Come down night of health care up 8% Yum brand so another fast food group down over 7% so That's what's moving. So what did we do today? Well, we added a little bit of a Directional play in VXX. So this is volatility, you know volatility has obviously Skyrocketed with the down move in stocks And so we thought it was time to add a little bit of short volatility So we put on a short directional trade in VXX. We also Rolled down our Short Delta trade so as the market continues to roll to go down We're continuing to roll down our short Delta plays roll down our short Delta plays just to keep that Some short Delta in our portfolio now We're actually to a point where our portfolio is actually a little bit long after this huge move down Which I don't mind being after a massive move like this You know, you think at some point you're gonna get a little bit of balance But I do still have a significant amount of short positions on For that downside as well. So fairly fairly balanced portfolio at this point But we're just gonna keep on keeping on keep on keeping our position sizes small continue to add short premium as the as the implied volatility stays through the roof So that's what we're doing. Everybody have a good evening. We will talk to you tomorrow