 One of the most common questions I get asked is, you know, how do I start day trading? So what me and my mentor about it for our viewers on YouTube is create a free mentorship course that reveals our 12 secrets that every single brand new day trader should know before they get started. But please take note that there is limited seating every single week. So please reserve your spot at myinvestingclub.co. The link is in the description. All right, enjoy the video. All right, December 1st, 2020. Last little month of these things. So let's talk about the SPX real quick. So I think we're in a melt-up phase in the market. And I think it's because we're basically just going parabolic in anticipation of the Pfizer and Moderna emergency approvals on the vaccines. I think it's a buy the rumor in the market sell the news situation. I very much think it's a buy the rumor. I can't see a reason why it is not. Because I don't really see a reason for the melt. I don't see a reason for us to be breaking to all time highs. I don't see news that justifies any of this. I mean, don't come out and be like Black Friday sales, bruh. Fuck Black Friday sales. That does not melt the market. It's been an interesting trend of the tech stocks beating their earnings and then selling off. But meanwhile, the market continues to tread on up. Right. Yeah. It's, you know, the M just gets smoked, which arguably is the most probably most breakthrough tech stock since Tesla, in my opinion. I mean, we're talking in terms of percentages. It's, you know, zoom was four months ago was like 90 bucks, 80 bucks. It was it was wild. And so I'm not going to just like start shorting like anywhere. I don't think that that's the smart thing to do. However, when it when we start to really break down in my signal for this is kind of like, I think that we're just going to continue to melt higher and higher and higher until the Pfizer meeting, until the Moderna meeting. And I believe they, I believe December 10th is Pfizer. Is that correct? Not sure. Or do you know? Is that sure on that? December 10th. Yeah, it's December 10th. Yeah. So it's December 10th and it only takes 24 hours to get the approval. So they'll meet on the 10th and then we'll approximately even have approval or denial on December 11th. And so once the news comes out from there, you know, I think that the news is going to be priced into the market at that point. It's like the Tesla situation right now that Brian talked about in his YouTube video, which was so expertly put together. I mean, look at this fucking guy. He's over here trying to, what are you trying to do, bro? You trying to hit one million subs or something? You trying to get that play button? What's up? What's up? He wants to get into a boxing rink with Jake Paul. Bro, for real, yeah. Smash that like and subscribe, Nate. Oh, that was the fucking greatest thing ever. Oh, man. Yeah, he's good. Trader tax got that YouTube drip. So, I mean, that's just my opinion. What do you think, Orrin? What's your thoughts? Feel free to contradict me. I don't know. Yeah, yeah. This is always just me on here sharing my thoughts. So I'm always open every day. I agree. I don't think there's any reason to short this at this point. Trend is your friend and trend is up. As you can clearly see, today's candle was pretty clear. At the same time, yeah, it feels like we're very overextended. Like the only positions I have right now for swings, I had GME, I sold that. And now, I bought a gold position because gold had a really nice, healthy pullback over the last few months. So I bought a gold position at the 200 moving average, yeah. 200 sitting at the 200. Yeah, yeah, just reclaimed the 200 today. Nice. So, like Orrin's talking about in terms of extension, let's just kind of like abbreviate that here. What does extension mean? And what it means here is like, look how far it extended away we are from the 200-day moving average in the market. The 200-day moving average in the SPX is 3154, 3154. And if we flip to the ES, we're at 314840. And then in the spy, 315 roughly. So 315, 315, and then roughly 31484, 315, it's all sitting around this 315 mark. It's all sitting around this 315, which would be 3150. So 3154 here, 3150, 3154. I mean, we're going to have a, I think personally we're just, we're going to have a sell the new situation. And we have a date and time to expect that, right? December 10th. And so let's look at all Orrin's trade here. Oh, nice reclaim there. I see what you're seeing right here. Yeah, exactly. So last, last two days started buying yesterday added more. And then, yeah, today was the first good green day. I expect it'll probably. What are you using to buy it? I'm using ETFIAU and I like that one because it's got pretty good options. And great vault, like great volume. And it's cheaper than the GLD ETF because the IAU ETF is like 18 bucks or something like that. Yep. GLD is like 170. Yeah. So I usually prefer to go with the cheaper one because I like to be able to buy more contracts and that way have more flexibility of, you know, how much of the position I want to take profit on your portfolio into exactly. Yeah. So the best question is, do you track the XAU? Yeah, that's how you say XAU is what I used to track it. Yep. Yep. Hey guys, my name is Tosh Bradley. I'm one of the head mentors and moderators of my investing club. If you have any questions about getting started in trading, getting started in the MIC, MIC in general, text me at 213-458-5997. This is not a robot. It is me directly on the other end of my business line. And we'll get you in the club. We also have special promotions going on that I can get to you depending on your trading needs. Hit me up. Back to the video. Gold and silver index. So yeah, I like that setup. That's a nice 200-day reclaim. Yeah. So pretty much that's all I got for swings right now. It's like the same thing over here. And I think that's a smart decision because if we correct in the market, you know, it's likely that gold has a bounce. Yep. And it's the seasonal strength. Gold and silver are usually strong December and January. Yeah. So that, like you said, I mean, it's hard to say where the market's going to go. I mean, it seems just so strong. And you guys might see it. I've been posting that fear and greed index every so often. And it's, you know, at like 92 today. And usually when things are that greedy, you got to be careful. So yeah, this is, I just think that, you know, we've been in this situation before and we all bulls were like, it's never going to die. And I mean, then, and then we just get this drastic move here. So for me, I don't know what you're looking to use in these, for these market correction type of like warnings that maybe we're in a correction. But for me, what I'm looking for is let's say that we have a, I could, you guys can see this annotation, right? Green bar. Yeah, at the bottom. Okay, cool. Let's say we have something like this. What's that orange line? The 200 day moving average, Brian. So this, let's say we have the, we have two days like this. Kind of the indication for me is going to be if we see a bar that engulfs both of those days. So really, if we were to kind of quantify this, what I'm looking for is to kind of give me like this indication that maybe we're in another one of these situations or another one of these situations. I don't think it's going to be like this some, this fucking crazy shit. No, I mean, I think it's, yeah, at the same time you had, you know, Jerome Powell came out today and said, the Fed is going to keep doing everything in their toolbox. There's no sign of them slowing down the support. Right. You got to keep that in mind. Like, you know, back in February at that point, the Fed was just starting to get engaged. And now he's like, we're just going to keep maintaining it. It will be more, it'd be more damaged to let off than to keep doing it. At least that's their theory. Yeah. Yeah, we're not going to like dive into economics here and how that, you know, continuing to do that is going to destroy the dollar and, and the fact that that's going to create massive inflation in the future. And this, we, we have a very, in my opinion right now, what's happening is we have a very short-sighted, like we have a band-aid to fix, like, like a chainsaw wound. It's like, we're just like a chainsaw wound in the kidney, like, or like femoral artery is just like slashed with a chainsaw and you're over here putting a band-aid on it. And the other sell the news event, you know, it's the stimulus talk, you know, it's not just this vaccine. It's the stimulus they've been teasing us with for six years. So this, this is kind of what I'm looking for. This would be like day low one, day low two. And I'm looking for this like big engulfing candle. You can see like a day like this right here. Thank you so much for watching our video. If you want to see more of our videos, please subscribe to our YouTube channel by clicking the button here. We do our best to post a new video every single day. If you have any questions about MIC or any general trade questions, please text Tosh using the number here. Also, stay up to date by watching some of our most recent videos right over here.