 What's shaking navigation nation today's Thursday, September 17th welcome to today's update S&P's down a cool 30 points. However They were down about 60 They've gained back about half of their losses on the day We've been talking about for about the last week and a half how we had this big push down I had a little bounce and we were looking for further down prices. This has been consolidating We talked about it could push all the way back up to the top of this consolidation box And that's in fact exactly what it did yesterday afternoon the Fed came out FOMC meeting Jerome Powell took the stand and No real surprises interest rates staying unchanged basically till 2023 Targeting an inflation of 2% in that same time frame or getting to above 2% in that same time frame, but Market initially reacted positively just kind of kept grinding higher grinding higher and then when Jerome took the stand and started talking Things started to fall apart a little bit and then today a continuation to the downside Down to the bottom of this consolidation box. So the question is now do we keep on bouncing around? Before we'd go lower or do we just go lower from here? I think that's the only two options I don't see an option where it goes higher. Of course. I'm kidding. Of course the market can do whatever it wants it could certainly go higher, but The wind is to the downside and that's what we see happening. We see some further downside coming into the market Nasdaq down 1.6% it was down over 3% at one point today So a little bit of a bounce back this afternoon oil up 2% gold down about a percent Bonds up a little bit and Natty gas down 11. So big moves today What do we do today? Well to start with in our day trading had a fantastic day, of course volatility Always equals well not always, but usually equals opportunity So had some big had a big big day today over $2,500 in profits book 1200 plus in Facebook We a little loser in in micron Netflix plus 1580 Roku plus 491 And then a couple small losers in Target and Tesla so another good day I did a video recap of today if you want to check that out. Just go to our Facebook group You can join that's where we post our video daily recaps just go to Facebook and and search for day trading options for income or search for navigation trading and You can join there. So what else do we do? Well, we we rolled down some of our verticals. We've got some short Delta We're looking for a down move that we finally got after taking a little bit of heat on this grind higher and And and we've still got some that short Delta on we rolled down some of our verticals to extend duration keep that short Delta We did add a new iron duck in the S&P. So we've got no risk to the upside if this thing does rip higher We've got no risk that way. We've got a huge buffer to the downside Added a new iron condor in gold. So selling some premium in gold, which is a very uncorrelated Vehicle to the markets and then taking a look at some of these stocks when we were in the day trading room this morning Everything was red. I mean, I think Nicola was up and there's a couple others that were just barely flat like Target and Walmart We're kind of in the flat area. Everything else was red Got a little bit more of a green sprinkle in here bowing edged out positive beyond meat a little bit positive Micron bounce back for a little bit of positive Peloton up 3% zoom up 1% but By and large a lot of red on the screen if you look at Tesla Tesla down 4% so some big moves today We don't expect as volatility to slow down anytime soon which makes day trading a fantastic situation in this market So if you want to check out more about that you can go to navigation trading comm Slash day trade and learn more if you guys have any questions. Let me know otherwise. We will see you tomorrow