Where is the dow jones at right now
STOCK MARKET CRASH COMING? (WHATS HAPPENING?) | ROBINHOOD INVESTING
hey what's going on youtube and welcome
back to tech conversations
as always i am your host guillermo and
as always i'm not a financial expert nor
licensed professional
if you plan on investing in the stock
market please consult with one first and
invest at your own risk
so hope you're having a great day today
it is october 26th and the stock market
is down quite a bit today hopefully some
of you guys have been able to see some
great gains today but as always
let me know in the comment section below
how you guys are doing today so as you
can see i am down
quite a bit today 590 dollars or around
1.2 percent today so far definitely been
a pretty red day for me as you can see
most of my stocks are deep in the red
except this one stock right here semi
which i do have a
600 shares up so in this video i kind of
want to update you guys on what
positions i am holding
and what is happening in the stock
market right now so before i get into
that all i
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about what's going on guys so remember i
did sell my apple and microsoft
stock a couple weeks ago and i sold it
for this particular reason
i knew the stock was going to come
tumbling down i just wasn't sure exactly
when
if we take a look at microsoft and apple
right now they're not doing
so good so microsoft as you can see now
is that 209.63
actually sold a put earlier today and
then it ended up closing it for a four
dollar profit just because i
really don't want to hold such a large
position right now
uh same thing with apple i had sold a
put on it
on friday and closed it today so as you
can see apple now is at 113
80 and as you can see i sold a put
last week for 63 and i closed it today
for 55
so i took my eight dollar profit and i
ran with that because again i don't want
to hold such large positions right now
uh with everything that's going on and
so we take a look at
spy in general so spy remember tracks
the top 500 companies in the us
and so as you can see spy is down almost
80 dollars today which is about 2.3
percent
so again just a complete bloodbath today
and so i am holding a lot of cash right
now again
about 35 000 right now uh
just holding their cash when you know
hoping that nothing
dips too much more but honestly a lot of
things can happen
very volatile market right now so in
terms of my own positions as you can see
i only have six different stocks uh so
semi 600 shares i've had this for a
while still waiting on approval
for its anti-body test kit which i think
that's why it's pretty green because
covet cases are rising
uh that test kit is definitely something
we're going to need and i think
news and approval is coming very very
soon and i think investors know that so
that's probably why that one's
uh still green now these other ones uh
you know kcac
sp qsb these are all spacks uh
you know it's not surprising that
they're down uh usually they're going to
take the biggest hit since
you know there's still spacks uh ttcf
just
merged into tattooed chef this one's
actually down quite a bit today
but again not surprising since again it
just became
uh it just merged into the public
company
of ttcf and then plug is down five
percent today
uh not too worried about that one so
again the good thing about all of these
is that you know i do have a hundred two
hundred shares of and so that allows me
to sell calls
and still collects some money even when
those stocks go down
right so you can see uh here's my plug
call i'm up fifteen dollars on even semi
i have one call at five dollar strike
i'm up five dollars
kcac sold the call of 47
spaq sold two calls up 89 ttcf
uh sold one call up 182
and i did sell a put on ttcf as well at
17.50 now this one i am down currently
125 dollars
since again ttcf kind of did drop quite
a bit today over
12 right now uh but again these are the
the only stocks that i'm going to be
holding here um definitely not going to
sell any of them
but i'm definitely not going to be
buying anything else until after the
elections and everything has kind of
uh settled off and so that leads me to
my next big thing what's happening why
is the stock market down
a lot today let's take a look here and
you know i've talked about this couple
times now
but i just can't stress enough uh how
volatile these things are going to make
the market especially as we get closer
to elections
so here's an article from today stocks
tumble as covert 19 cases surge
and stimulus is nowhere to be found so
kobet has been picking up
a lot a lot of new cases
uh every single day now especially here
in the us
and you know starting to get worse as
winter comes
you know usually in the winter people
also get you know the cold or things
like that and
you know all that stuff can kind of be
mixed up as well
for covid and so things can kind of get
very
very exaggerated and become very bad so
in general uh things aren't looking too
good when it comes to covid
no vaccine in sight yet and so
the other big thing like i've mentioned
for a couple of weeks now two
is that you know the only thing that i
thought would really help
spy and the market overall keep rallying
up would be another stimulus package
and we're literally eight days away uh
from the election
and there's still no stimulus in sight
right so that's not uh that's not good
and so if we take a look here at this
article
uh that the dao was down 950 points or
3.4 percent today not a single dow stock
was
in the green okay and so at this rate it
is on track for its worst day since
june the smp like we just saw
was down about 2.8 percent which is on
pace for the s ps4 stations the start of
september
the nasdaq which remember is basically
comprised of
mainly tech stocks so tech heavy uh
which had
which had briefly bounced back from its
lows in the morning dropped 2.7
which is setting up for the worst day
since late september
so again there's a lot of things that
investors are kind of grappling with
right now of course the election i think
being one of the biggest one
and again the election is only eight
days away and even with eight days away
again there's still no stimulus package
okay and i think remember that's what i
mentioned that is kind of the biggest
thing that
we need right now for the markets to
keep rallying
uh and then there's also the fact that
uh you know there are there are earnings
coming up
for a lot of these big tech companies
this week like microsoft apple google
facebook twitter
and you know with all those earnings
coming up that just adds more to the
volatility in the market
uh so like it mentions right here
earnings will inject volatility
in the tech sector uh ongoing u.s
stalemate over u.s
fiscal stimulus and rapid spreading of
covet 19 is going to determine the
direction for the wider
markets but again i think you know
the election coming up as well that is a
big thing
that is coming up as well uh so the ever
slimming chance of a new stimulus
package before
next week's election isn't a new factor
for the market yet it has been a big
driver of the action over the past
weeks even as nothing has really changed
that is a result of recent
negotiations it just shows how important
the recovery is for the market
covet infections are rising across
europe
and governments have brought back
restrictions to stave off the spreading
once again
so all of this creating a cocktail of
uncertainty that the market doesn't like
one bit
and wall street open lower has gone
lower
uh so with all that being said guys you
know just be careful right now
a lot of uncertainty in the stock market
with cobit with stimulus
with elections coming up a lot of
earnings coming up
uh so just be careful you know hold on
to a lot of cash right now if you can
you know i would avoid options because
you know
at least with stock you can hold on to
those for as long as you want options
will eventually expire
and we don't know how long this
craziness is going to continue so
again i am sitting pretty cash heavy i
don't plan on buying anything else until
after the election couple weeks after
the election and
you know after we've hopefully seen
another stimulus package or
covered cases declining again so that's
kind of my
portfolio update kind of what's going on
today why the stock market is very red
if you guys have any questions feel free
to leave them in the comment section
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always i hope you enjoyed the video
let me know what you guys think and i
will see you guys next time
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