 Let's go over that oil market. So I have your your charts up here, Tom. Perfect So we have crude oil fifty dollars right to the penny right now looking at the April contract We'll jump in here over to commodity or spreads. I'm going to refresh this real quick commodity spreads crude oil We'll start with the 11 a.m. The only option we really have here is 49 50 or 50 25 So about 25 cents away, but if you jump to the noons, we do have a 50 option from 50 to 51 50 on the Bullish side only a four penny bit offer spread. So not bad there Pull up the bearish one from 50 down to 48 50 and you're looking at about 29 cents on each side, which is $29 so 58 dollars or 58 cents away from $50 right now you need over an hour and a half not bad 58 cents does that's more than usual Maybe for the trades, but with what's going on 50 cents either direction You have till noon Not a bad trade. I think yeah, cuz just today that's we've moved. It looks like 43 cents will move both ways Okay. Yeah nice. Yeah So we'll see what happens, but we got oil right at the $50 mark literally to the penny and we get the numbers in like 10 Minutes from right now. Okay, so let's go back over to this whisper number. I'm gonna go. Let's see You know what can I jump around actually? I didn't think they lined up The daily it's just interesting the daily actually has a 50 to 55 as well Now this is really interesting just with everything else So you got till 230 and you have $5 of profit potential that one cost you 38 on each side So you're looking at about 76 dollars. Okay, but you're you have $5 Which oil could definitely move one than a dollar 50 where you're kind of handcuffed in the last one And you have till 230. Yeah, interesting man on the day that you have the president talking at six o'clock about the corona virus Right. Oh six this afternoon 6 p.m. Eastern time. Oh, that's a long time from now It sure is I agree. Yeah So let's take a look at this. So go back into oil again 31. Okay, so Excuse me So my take is that that's a bigger survey numbers bigger build What do you think? Let's see. I'm gonna be looking for cheaper oil more of a build How about 2.9 thousand two nine zero zero? Okay, cool Two nine zero zero. That's that I believe and I'm not even sure that the the nice thing about you know buying the volatility a little bit on this trade or making that trade today Is that you don't even have to necessarily? Be right you you're getting a lot of exposure to the volatility that's come with the market recently with the corona virus On the daily one, right, right? Yeah, that's 230, right? Right. Yeah, that's that's a big number, man So we'll see where we shake out man. Yeah Market-wise, let's go over to this S&P and take a look at it. So they get that bounce going You know and this is where folks okay that you have to stack it and used to like these big numbers You know because we've been down so dramatically, you know the S&P right now is up 35 points Which is sounds like a monster and it is a monster, okay? But the bottom line is that you know, we went from 32 59 yesterday down a 31 17 Just to give you an idea. I mean, that's like buzz intense as you can get So, you know that I was just gonna make mention the low last night the S&P is 3091 I mean we're we're 80 points off of that low, which is remarkable How far we were is not crazy 4 a.m. Looked a little dicey. Thank you. I wasn't up I was not been awake just just yet to see right bad things might have looked right and you know What's gonna be interesting here is that? The the real question is gonna be okay. Can this get all the way up to 32 12? That would be that'll be a normal place for it to go and all what that is folks is that that's the lows of The 31st of January, you know, it's like, yes, I want to see what this is Fibonacci-wise, so so let's see let's see where the 382 comes in Well, I'm gonna do is I take the high To the low 3400 about it. See that low. Look at that. Yeah, you're talking 3208 so we get a while to go even even for a dead cat bounce another 40 45 points. Yeah, yeah Yeah, and what you want to do folks is just keep your eye, you know for the next hour and a half on Europe Because if Europe can hold that's gonna basically all that's not holding interesting that when we started this program We had the DAX Up four tenths and the cat was up four tenths now. They're both down four tenths. Mm-hmm. That's that's meanwhile the dows up 300 Yeah, no, no for sure. Yeah, no, no doubt Welcome back folks. I doubt dollop 320 Nasdaq up 141 s and peas up 33 and you talk about a build holy cow This is a build-and-a-half. I think it said 4.2 million. Let me find this thing and yeah Crude inventory rose of 152,000 barrels Okay, that makes a little more sense. So a little bit of a miss there for sure. Yes The number was about 2.6 million. They were expecting for a build the whisper was lower at 1.2 And I had crude up crude was jumping a bit about 20 cents. It got a pop on that news pretty muted action though Checking out the chart. I mean we were right at $50. We initially jumped up to $50 and 20 cents But we're back at $50.09. So I think the market basically saying you know what All we care about is this coronavirus story over the next week and to really try and figure out what it's going to do to The global economy. No doubt man. I mean look at these numbers. Yeah, as we said the estimate was 2.6 million billed Only 452,000 gasoline the estimate was minus 2,000,000. They got minus to 2.6 million Distilled which would be diesel You know, that's interesting with diesel yet because that's that was also a big draw And you know diesel has to do with planes also, but now someone's using it It's a it's a minus. They were looking for a 1.5 draw. They got a 2.1 and That's pretty amazing that oil can't move and there's the draw was that dramatically different It is and I have the chart up again and we're actually down 49 95 So we're now five pennies six pennies under where we're treating that before that number came out