 What's up trade hackers welcome to today's update today's Thursday, August 27th So kind of a wild ride in the markets The markets pre-market were we're down. They were set to open a little bit down on the day and then Federal Reserve Chairman Jerome Powell was given a talk and Whatever he said kind of spiked the markets up right before the market opened And then they kind of come down and it was just up and down up and down up and down And then in the late afternoon it looked like it was gonna get some legs to the downside and nope It just rallied back up. So a little bit of a wild swing. Now if we look at this on a daily chart It's not near as dramatic. In fact, the range looks pretty small. We're just kind of looks like we're just grinding back up to new all-time highs Once again in the S&P the Dow up 243 points Nasdaq actually down so tech being a little bit weak today And then the Russell up a little bit as well now What's interesting is even with the market up look at the VIX the VIX is up over two and a half percent So if we look at the VIX futures, you can see when the market was down. They were up Significantly, I mean the VIX futures almost hit 30 and they've retraced almost their entire move If we look at if we look at the VIX moves on an intraday basis Looking at a five-minute chart. Let me zoom in here for you You kind of see what a wild ride that was I mean VIX really spiked up Looked like there was going to be some potential continuation to the downside in stocks but instead it just contracted and Back to uphill grind as usual But the so the VIX futures up two and a half percent if we look at the spot VIX Spot VIX is actually up over four about four and a half percent so very similar pattern, but a little more Accentuated to the upside so interesting stuff today. So what did we do? Well a couple things one We had a let me go back to a daily chart here We had a tray that we put on a few days ago in bonds So just look at a chart of TLT whoops TLT and And we put this on as price was kind of pushing higher here We got short bonds and today paid off nicely So big move down in bonds with the feds talk about what they're doing with potential trying to you know fight inflation and and and the Additional stimulus and so forth. So bond market did not like that. So fell and that was a big benefit for us Another thing that we did is we added some additional short Delta in IWM This is the small cap index and we we basically did one of our portfolio bunker trades Where if this thing does go higher there? We just have a tiny bit to lose but we have a massive Potential if this thing does in fact drop. So we got just add a little bit of short Delta to our portfolio And then on the day trades We've been streaming live every morning And so some good day trading today had a winner in Apple Basically a scratch trade and AMD now in Boeing and beyond I this these were test trades So these were not part of our typical mighty 90s strategy that we were testing kind of a continuation pattern In this case Boeing was a loser and beyond was a nice winner. So One winner at one loser and then the rest of these were mighty 90s. So 110 in Baba $100 in Microsoft 235 in Netflix 33 at basically scratch and win and then a little loser in zoom. So about a 450 day winner overall And so that's been good The other thing I wanted to mention couple earnings trades. Excuse me earnings announcements. We did not place trades They just didn't quite set up but after the market closes today Ulta the beauty care company announces earnings and Ok ta also announces after the bell. So we'll be watching these for potential post earnings trade no overnight trades in those If we take a look at some of the notable stocks that we watch I mean, it's kind of a mixed bag here. I mean, we've got stocks like Adobe down 3% Amazon down a little bit The banks up with with bonds going down banks are up Boeing was up significantly Now it's only up 2% I mentioned beyond beyond got an upgrade by one of the agencies and it was up quite a bit more and it's retraced about half of those gains Like I said, the financials are up if we look at some of the other tech stocks interesting, you know Netflix was up like 10% yesterday and Netflix is Down 4% today. So big swings there Whereas Microsoft's up. So no no no correlation with tech. I mean some tech are up some tech are down And so really just kind of a mixed bag here, of course, you can't hold Tesla down up another 4% Going into their stock split, which is on August 31st So if you do have shares of Tesla for every one share, you are going to get five shares and that's gonna drop that The price of Tesla into a fifth of what it is at the at the time of the split So look for that at the early next week Everybody have a great evening and we'll talk to you next time. See ya