Hey, what's going on team happy friday, so a quick little stock market update wanted to let you guys know, at least before the market opens where it looks like it's currently headed. So the overall nasdaq market, which of course tqq has a main focus on, is bullish during the pre-market session. So as long as this direction continues, i'm on the five-minute timeframe, just a little heads up for you guys. It should be a bullish day, we're already making new highs, even after yesterday's amazing performance.

So again, the nasdaq market is bullish during the pre-market session and as long as that direction continues, it should be a bullish day for tech. Now one of the other questions that i've been getting is providing an update on oil. Oil has been pulling back. It's finally peaked - and we talked about this right where oil originally peaked at 140 and then sold off, went below 100 a barrel and then picked back up right, making lower highs, hitting highs of 120 a barrel, and now it's headed back down.

So the really great thing about this is that if you look at something like the united states oil fund, we can look at the day chart. We could even look at the four hour time frame to see it a little bit more clear. This is the peak the lower right, the higher lows, but then, when we pull back up the lower highs right, we're headed right back down previous support level right around the moving average. I just like making you guys aware of it.

I know a lot of you guys might not even trade oil. I understand that i'm not the biggest trader of oil myself, but i like to understand where the market is at and what's bullish and what's bearish so again, oil as of right now should be retracing which, if anything, by oil prices going down. If they do begin to retrace, that's you know a pretty solid notion for most of the market now for those like that, like to trade inverse etfs, you do not have to do this, but i just want you to be aware: when oil drops, we got ticker Symbol s-c-o, which is the inverse etf. That goes up so the last time that oil began to pull back.

We saw ticker symbol, sco begin to rally and if we use this little trendline tool right on over here from overall lows to previous highs, that was a 46 percent gain. Again, that's a perfect trade. I don't know about you, but i'm not a perfect trader. So don't pretend to be right if you choose to take advantage of this potential opportunity, as oil prices begin to somewhat correct themselves, then please, please, please understand that oil as of right now is still bullish, so these little rallies that sco might have.

I would treat them as intraday plays. I would not feel very confident to hold oil or to short oil as of right now, as we still don't have a solution for our shortage in the united states. Right and with that being said, the iran deal the venezuela deal to be able to provide and supply oil for us is still not in place. So i would just hate for you to enter a position for you to make a couple bucks and then not lock in profits because you held and then it drops right back down again.

You need to understand that when you trade, higher and and greater forms of risk of etfs that they come with greater responsibility, if you suck at risk management and i'm not trying to be funny. But if you suck at risk management or you suck at locking in profits, especially if you're an absolute beginner, this probably isn't something that you want to trade. Just want to make sure that you're aware of that, but even from where from where we're at right. Now, if it were to return to that same seven dollar price point, that's about 26 margin that we have to work with.

It's already up three percent during the pre-market session, and it looks like it's making these higher highs and higher lows pretty consistently. So i just want you to be aware of you know, and we can actually compare the two of uh when sco begins to push up that the united states oil fund is the one that is going to begin uh to pull on back. I think it's super interesting to be able to see uh the inverses work with one another. I don't know if you guys are a big fan of that, but it's one of my favorite things to see i'm a big nerd about it and if there's anything else that i can better answer for you, i just wanted to give you guys a heads up Today i am going to be traveling to california.

Unfortunately, one of rachel's uncles died uh. So it's a very uh short notice trip um. I will be traveling uh for this almost entire weekend. It's to be my newborn remy's first time on a plane, so i'm very excited to just experience that with her.

But if there's any questions that you have, i still will be made available uh. Just if you can be patient with me. That would be much appreciated, but again the first link in the description is my free trading discord chat, so you can join it's free. You can you know, network with other like-minded traders and as well as you can send me a direct message there or, if you're on instagram.

I believe it's. My third link in the description uh feel free to follow me on instagram. Send me a direct message and again i only have one instagram and it's the one linked down below all the other ones are fake. I never message you first, i never ask to trade for you.

I don't have whatsapp. Those are all fake accounts. Trying to take your money, pretending to trade, for you, please be aware that i never email you first, none of that stuff. The only thing that i offer is my youtube videos, my free discord, group and learn plan profit right to be able to watch me.

Trade live every single morning so again, if you guys want to learn a little bit more about that, that's that second link down below. If you're ready to be able to watch me. Trade live every single day and, of course, learn how to trade as an absolute beginner. I appreciate this time.

I wish you guys an amazing start uh or end to the week and if there's any questions that i can answer for you, i hope that you know that i'm only one direct message away like always, let's make sure that we in the year on our greenhouse Take it easy team.