 Welcome my fellow trade hackers today is Thursday, May 14th looking at the markets looking at the S&P This is a five-minute intraday chart. The gray area is the overnight action last night And so what happened today? Well this morning was the report on the jobless claims from last week and What happened? Well an additional three million people Came out with jobless claims, so that puts us at about 36 million Jobless claims since this whole pandemic started so crazy numbers, but what did the market do? Well the S&P reacted negatively at first it was down about 50 points So down about 500 and then from there it just absolutely Took off like a rocket ship S&P's closed up 40 Dow up 400 NASDAQ up 100 and the Russell up eight so the Russell actually Kind of the lager of the four it's been kind of leading the way both up and down lately, but this time definitely Not the leader in the clubhouse the Dow was actually the leader Technology at NASDAQ kind of middle of the pack, so it would definitely wasn't big tech leading the way so what was it well it was financials if we take a look at XLF XLF Let me get on a daily chart here financials XLF up over two and a half percent If we look at some of the individual like Citigroup up 3.6 percent Then you've got capital one financial up almost 10 percent big move in COF My machine will load here. You go big move in COF. I mean all the banks were up if we look at Bank of America BAC at four percent We've got Goldman Sachs up about a percent and a half Goldman Sachs has actually been Not performing as well as some of the other banks you get JP Morgan was up over four percent So just big move on the financials which interestingly enough I mean, you know that I mean this this is on the heels of after the Fed coming out and saying that they You know potentially might go to negative interest rates, which would be bad for banks But not today banks shaking it off like it's nothing So what did we do today? We just rolled down some of our short delta positions And we added another ducky duck another iron duck So remember cool thing with the iron duck is Well, if we go to a chart of the S&P we did this in an S&P related product And we did it when the when the markets were down Earlier on the day which has been official because these things if no matter how high this rips We're gonna book a little bit of profit We've got a big buffer to the downside where we'll book that max profit and then below that we would just bail So got a good good-looking portfolio right now a decent amount of short Delta looking for this thing You know if this thing does roll over if not we're also positioned Well, if this thing does kind of continue to rip higher, so that's all I got for you tomorrow We will do a recap of all of our trade alerts and our portfolio for pro members the rest of you I will catch you on Monday. See then