Oh, my gosh today has been such a compressed day. It is absolutely in freaking sanity uh. I have to say folks. The market is uh impressively uh doing much better than than we really expected that it would uh, which is very, very incredible uh.

I uh really thought based on our pre-market. We would see much much more blood uh and, if anything, a worsening uh. Let's let me write this really quick here there we go: okay, okay, so uh! That's not what we've seen right now now the indices broadly are selling down, but that's because a lot of that is in the recovery sector, like the russell 2000s down over 3 000. This is our small cap and kind of retail trade index here.

Uh. Let's see today, okay, there we go so uh it really where we're seeing the discounts, though, was in crypto right now now i did just post a crypto video, so we won't go super deep on crypto right now. Oh that's right! I can't use this uh. Let me share the screen here, though, and let's just stick a two stalks in this particular stream here.

So let's see what we got here, i'm gon na go ahead and pull up there. We go. We got weeble, so uh right now. Look at this folks! Look at this draw down into the close.

The s p 500 falling into the close. This is a sign of institutional selling of fear. Remember when the indices do this uh. That means we probably we got trees.

We just got four minutes to the close. It's probably apple microsoft, yep, the big boys, are gon na, be selling off into the clothes here. Yep. Look at that apple now down three percent.

Okay: here we go here. We go now we're getting a little bit of pain, yeah, look at that sell-off into the clothes. Oh, my gosh, okay, uh, that's good see! If we get some opportunities, matterport's actually going up. Let's see etsy's rotating down.

Can we get an nvidia move here in video rotating down down about three percent today? Oh look at this. The weenie babies are selling off hmm. Okay, that's good volatility is actually moving up a little bit more though we expect this to bounce, probably monday and tuesday. So i am making a volatility trade with svxy.

That's my volatility trade. It's really something that we're gon na hold through, probably monday, tuesday, wednesday of next week, something like that. Crypto also selling down a little bit here into the close gosh. This early close, is crazy.

Uh american express down eight percent. Looking for the spark lines, what's selling off more backed holdings selling off more, we got ta move quickly. Here we don't have a lot of time. Uh win resorts down: six percent marathon, digital down, six percent uh, the crypto miners.

Obviously, rotating down a little bit more here, uh, that is to be expected when crypto continues to sell off a little bit and that's why i'm nibbling back in not going like crazy heavy back in neo down three nia has actually been holding on really impressive, neody Uh not a bad. I mean three point: eight two percent on dd: that's not bad with the bad news that came out about dd, gee, whiz, fisker, uh, okay, apple, just recovered a tiny little bit end phase down almost three percent: that's nice! Tesla! Almost down three percent yeah - okay, so some some selling off here into the close you're, specifically seeing them on the spy google apple and phase a little bit of an opportunity. Still relatively high prices here, moderna up 20 percent. It was as high as 26 percent uh into the close uh well earlier earlier in the day.

Look at this a firm up, three percent, really incredible: to see a firm move like this uh peloton holding on to that five percent beachbody coming up as well as potentially uh. Almost at this point of value play is what some folks are saying, but uh. It's still probably not a value play. Uh bill.com is only up about a half percent.

You know last minute opportunities here, a little tougher uh, probably i'd go for. If i was going to buy the dip right now, i'd probably go for a little bit of like end phase or in video. Let me see if i can get any nvidia, i'm about three and a quarter down ah looks like we started. Turning a little bit green again here, so we, ah there we go here - comes a little bit more red.

Let's see how sharp this red goes. We got about 60 seconds to go on nvidia here. Uh we're sitting about three and a third down looks like we still got a little bit more pressure coming down here. I'm gon na go ahead and unlock trading and prep a trade just in case this candlestick gets a little bit more sharp going into uh into the clothes here.

It does look like it's already being bought up again, though, so that doesn't, it does not seem likely that i'm going to buy anything yeah. Let's see what do we got 20 seconds to the close? No, i mean 3.4 3.45 uh 3.3 cents. This is getting bought into the close. It's crazy, crazy, crazy, crazy, matterport didn't really become a big discount.

Uh apple. Three percent. Definitely some pain here, but we're gon na hit the bell here and we did not get a substantial further sell-off there. Let's go ahead and listen to the bell, all the indices, obviously big red, so it already has some air under it as we go into the cozy bell here for an early quote, scp-500 looks like it's cracking the close below 4600 about two and a quarter percent Lower the dow down almost 900 points: small caps, a big underperformer yeah 3.6 - all right folks, uh.

The dow jones is down 3.52. The s p 500 is down 2.26 nasdaq down 2.23 russell down 3.67. This is the worst day for the dow jones industrial since uh. The beginning of 2001., this is a massive uh massive sell-off uh in in the indices.

This is a big deal for the indices, a lot of pain uh. However, i will say not uh, not not something that um honestly, like i'm looking for the deals - and i mean short of carnival at like 18, which which i think is, is uh uh a potential opportunity. I've been honestly watching carnival uh waiting for it to get under 20 dollars. We just had a massive move under 20 dollars.

This new covet variant. We are really going to have to wait uh on on good news that this variant is is not substantially more transmissible. If we end up getting news that this thing can be transmitted to people who are currently vaccinated, it's not gon na be good uh and that's what we're seeing so far out of uh out of china out of shanghai out of botswana, and we are seeing individuals Get this virus with uh with a vaccine and uh that that's something that's uh, you know, makes you a little nervous uh. It did see index selling today again, that's very, very expected to see people take money out, uh arc down, half of a percent matterport um sold putting some shares here, whatever uh.

Let's see apple already, trying to recover a little bit down 3.17 here, mostly right at the close, lucid only down 1.62 today and then you've got amazon a firm firm up 3. Today, that's shocking, really end phase down three percent. Today, uh, you know so far. We've been sitting in the in the just above 18 and under 17 level, barely under 17 for a bit so uh, i'm not really seeing at oversized discounts in quite frankly anything but the crypto market right now the crypto market is, is where we are getting a Little bit more oversized discounts.

Obviously, if we continue to break past this 54 000 resistance level, we could quickly visit 47. So i'm not all in yet. On this i did buy a little bit of hud 8. Today i did buy uh crypto today.

I expect to be buying more crypto. I am watching candles on multiple different screens for crypto, because i'm looking for opportunities to go shopping for it. Uh, of course, keep in mind that anytime, the uh i send a buy, sell alert. I will send that out in the stocks and psychology of money group, but uh yeah, big dip on the svxy, that's very common when you get big spikes here, uh, so someone here says by the dip and he's a guy to follow.

I did buying it's. It's pretty early to buy the dip on some of these stocks. You know pretty early to buy the dip on some of these stocks. I'm not saying that you, you shouldn't, but uh we're at highs.

Folks we're we are at highs on some of these stocks uh. It's not entirely enthusiating, i don't know uh enthusiasm, that's the word. Obviously, with the exceptional recovery, you got some big discounts there. If you do have a big set of losers.

Palantir paypal t-doc these guys down sharply uh in the year here, so just depends what you're trying to get as to whether or not you think we've got uh some big dips happening or not. Of course, you all know me as mr by the dip, but i'm looking for quality dips, high quality dips, i'm having trouble finding them. I think there is a lot of risk in uh in a lot of the the trades that have been rotating down. I was talking in the uh course member live stream this morning that one of the the downsides of investing in something like t-doc when you're at a place where it is right now, is that oh excuse me, oh yep, you get some more coffee in me.

I was up at at pre-market, open and uh yeah. I didn't sleep much, but anyway here's the thing with tdoc. You know you go crazy, buying t-doc what you're doing is you're, allowing people to to and drop their bags on you. You know you buy t-doc and zoom on this enthusiasm of of uh.

You know stay-at-home plays, but they've been on this terrible downtrend same thing with zoom and uh. Really people are taking the opportunity to dump their bags on you. That's really what i think is happening here. I mean zoom up 5.72 great, i mean i hope it holds and i hope it trends back up for folks, but i am nervous about that palantir down about a third uh on the day down another quarter in the afters, see if anything's really recovering here in The after moving uh, no, you know anything really under four percent.

I generally don't pay attention to in the after hours, because it's just so uh so quickly manipulated, pre-market right before the market opens can sometimes be a little bit of a better predictor, but but not always, as we saw this morning, it was a mass massive predictor. So anyway, uh volatility. Let's take a look at volatility here, uh, you know what we'll do is we'll look at the inverse volatility. So when volatility goes sky high, there's this thing called uh here i'll show you one.

Second, i'm gon na take a ship all right here we go so there's a trade you can make which we made this morning. Oh, where is it when i put the darn thing? Is this not sorted by alphabet? Oh there we go there, we go there. We go so this is, as short on volatility is what you're doing and uh. I think i'm a small bit upside down on this one, but that's not a big deal, because i'm not so worried about the little fluctuations.

I want to see this pop back up to 60, which would be somewhere around a 10 to 12 percent gain from where i bought it. I expect that uh. If we get a sort of monday green day, this vol, the volatility is going to plummet back to zero or negative, and this sharp line will quickly bounce back up uh. If you notice, if you look at the history here, you generally bounce right back up after these big sharp declines.

So usually it's a pretty easy trade. With the exception of the pandemic, i mean the pandemic was a complete disaster because uh, you know, the volatility went. So high for so long and this increase of the svxy is a sign of volatility actually declining over time. I actually expect that trend to continue, although i'm not going to like long haul.

This, i do expect volatility to go down more over time. It's also one of the reasons i'm not the biggest fan about or for buying too many leaps, um yeah just reading some of your comments here. Dosh coin short interest: oh no uh, but yeah uh. So folks, if you want to know, what's going to happen monday, you got to pay attention to the news cycle.

The news cycle is going to be where it is. You know publications from the who research on this new variant, uh everything everything is gon na - be focused on this new variant this weekend. China is another issue. Uh supply chain disruptions huge issue if uh, if we get port lockdowns - and this is something to be aware of uh hold on uh.

This is something to be aware of. Is that if you get port lockdown issues, uh, then you're going to see a sell-off in some stocks again, particularly stocks? I feel like like enface and potentially, why is this not working? Oh there we go uh, certainly any like the chip plays even nvidia. Potentially, okay hold on there. We go okay, so uh, sorry give me one second here here we go okay, cool all right, so china, and - and this is something to really consider and talk about.

China is going to be really aggressive in responding to this crisis and when china gets aggressive one of the things they do is they shut down ports so like, let's just take a zoom out for a moment and and write down things to okay. That was unexpected. Write down some things to consider, so i'm going to write down a warning, slash, catalyst, yeah, and so my expectations would be uh warnings and catalysts would be port shutdowns. That would be a that would be a problem and that would be an opportunity to potentially buy the dip on the chip plays or uh things related to supply chain issues again like end phase, which uh micro inverters that are heavily reliant on the supply chains and Chips they're: these products are too heavy to to air ship, many of them.

So i would look at. I would look for port shutdowns, especially in china. Obviously, probably the biggest potential risk is uh. This max this, this uh variant, evading vaccines, so variant versus vax uh.

Let's see here did the world health organization just respond to see a world, oh organization? If they were somebody, somebody suggests that they responded. I know they're meeting. Okay, oh named um omicron. Is this true? Okay, i don't know who oh cbc.

Canada is breaking that a few minutes ago. The world health organization uh named it omicron, so not new and you their the variant of concern is more serious. Is a variant of concern is what it's being designated a versus variant of interest. So it's more serious of two, but they didn't name it um.

That's very interesting, but they say it'll take some time to learn about this. We do know, there's a low vaccination rate in south africa, but that doesn't matter if this thing can get past uh vaccines. So i do wonder how the market potentially reacted after that spine or after that, after the uh world health organization, news yeah, it does look like a little bit of slippage here right after the market closed. Let me go ahead and share that screen with you.

One side, sorry, i know it's a little bit slower yeah, look at that spy slipping a little bit more. Unfortunately, here in the after hours down point three two crispers up the xpi's up: lemonade. 1.53. No, i don't really see particular reactions.

Yet let me try. Mrna rna is up another half percent in the after hours t-doc down a little bit. Let's look at uh etsy is pretty much flat, zoom flat. Okay, no, no huge reactions here in the after s p, though, dropping a little bit more here in the after about point four, now to the downside: okay, hmm yeah vaccines actually do help uh limit infection uh.

It doesn't mean that you can't still have a breakthrough infection but you're about four times as likely to get infected with covid. If you uh, don't have a vaccine uh. So that means there is still a likelihood of you actually catching covet and transmitting it. You know, potentially without you even being aware that you have covate.

You know if you're asymptomatic, with a vaccine and you're potentially able to spread covet. That's not good uh, that's almost worse, but um, but yeah, statistically or you're, much less likely to uh to actually catch up with the vaccines, certainly much less die or or be in the hospital uh leo here is saying. 160 170 calls on december 17th for a firm three weeks. That's uh! This is bullish.

Helen wants to know if it's time to start drinking yes, always time to start drinking uh um all right. Let's see here, jen's not happy yen wants to shout yeah and you can go ahead and provide your facts and your statistic: if you're gon na try to shout stuff and then i'm happy to look at it, but show me something reputable that that disproves what i Say: um, okay, so just looking at pre-market, mostly stable, i you know, i have to say the stock market has been incredibly resilient today. I know it may not feel that way, because there were a lot of things that that certainly had pain specifically in the recovery sector, but outside of the recovery sector very resilient. You know matt, i i know you think this might be an overreaction.

But like look at look at some of the big stocks, they didn't move that much amazon apple etsy, affirm, google facebook target. I mean nominal, moves on the day nominal. You know it was recovery. Stocks that drug everything down but boy i mean like for the amount of news we got to only have movements of like three to four percent nominal nominal movement today really did not have uh the uh.

The fear that i thought uh the market was going to show off so uh. You know it does seem like the market might be thinking. There might be a lot of uh of an overreaction here as well. Um yeah see yan just because you shout that this has already been discussed by the experts.

That's not providing me a link or a statistic. I could look at so okay, i'm gon na stop. Reading your comments until you do take a look at the spot. Uh charges - i don't know yeah, i don't.

I just don't know much about spotify, i have to say uh. An anagram of omicron is moronic, that's a good one. Oh that's a good one! All right! Let's see here! Okay, let's see, let's see one second uh. Okay, so let's see oil, why oil is down this much well oil's down.

So much really on this because remember: you've got compounding impacts here. You've got biden releasing from the strategic oil reserve in coordination with other countries, but then, on top of that, you also have uh this um. This covet fear uh that we're gon na have shutdowns and flights cancel again right. So you definitely have a lot of fears about a lack of travel.

Certainly when you have travel restrictions, it's expected that covet's going to fall oil's going to fall a lot very, very, very common, okay, okay. Okay, i think that about covers it honestly for the uh closing live here, so i appreciate it yeah all right folks. Thank you so much. I will uh see you in the next one appreciate you being here and uh.

Yeah, have a wonderful black friday check out that black friday coupon code link down below it does expire at 11 59 pm tonight see in the next one thanks. Oh, follow me on instagram and you'll see more about the fitness challenge i'll post some more later, thanks folks, bye.