The market rebounded massively as we edged closer to the election. We headed into Tuesday with strong equities and what happened after? well, equities rose further. What happened after that? well, they rose even further. After all, Stonks only go up.

We did have some cycling between dips and acceleration as the results came in, but overall, just a complete tear. At the point of filming this video. the Nasdaq is up 4, the S P up 3.13 the Dow Jones up 2.63 It's nothing short of insane. Just today alone, our leveraged Etfs T, Triple Q up almost 14, Lab you up 20 Fngu, which we introduced for the first time on Sunday up 12 and so forth.

Insane day for our Etf traders and for our momentum traders. Neo from our morning briefings has been on this consistent tear all week. after we briefed on it on Monday, Uber and Lyft up huge due to Prop 22's passage. sup went up 40 after we called it out due to an earnings call.

and we'll talk about how you can both find and play trades like these at the end of the video. But let's start with what's going on in the market because I did not see this coming. So my thought process on Sunday's video was that we'd likely see Monday and Tuesday in an uptrend as we rebound and enter the election, but that if we didn't get a clear winner, we'd quickly see dipping later on. And the first part was true, but the second part just hasn't happened.

The market has taken this uncertainty very very well. Stocks were bullish going into an expected Biden win. Stocks became even more bullish when Trump pulled ahead, and then when it was looking more likely to be contested with Trump threatening to recount votes, Well, stocks got a little bit shaky, but they continued going up afterwards. Then this morning when Biden pulled forward, stocks got even more excited.

Frankly, it seems right now that the market is just bullish for any outcome. It's wild, and I think that investors are seeing some bullish signs in both candidates. I know this is going to get me into trouble, but there's definitely things to see that are going to be good for the market in both candidates. but they're for different reasons.

And let's be real when it comes to political parties. The two big issues right now for the market are tax rates and government spending. Obviously, virus handling is a big one and all that stuff, but when it comes to the effect on the market between the two candidates in the immediate future, we see two things: tax rates and government spending. Republicans are going to be more favorable on tax rates than Democrats, and Democrats are going to be more favorable on stimulus and government spending overall.

But here's the thing. We might end up getting a little bit of both of these worlds. With Republicans projected to hold the Senate, it'll be hard for Democrats if they win to push through any new tax increases. But with a stimulus bill backed by both Biden and the House, it's also more likely that Democrats are going to have more leverage to get a bigger bill passed to get more money spent on the stimulus bill as compared to what they're trying to do with Trump.

Right now, they have more leveraging power so they can push for more spending. and this is something the market likes. The market likes when you take money out of nowhere and then just throw it into the market like we saw back here. Maybe it doesn't like that in the long run though, but hey, we're living in the present, right? Folks Say we have a stimulus package passed in February that infuses tons of money into the economy.

Well, it's likely still going to be a year or two minimum, especially with the Senate being republican. Until you see a tax bill that is both past and then is effective because you have to get it passed first and then it's usually effective for the following year. So any negative effect of an increase in taxes is going to be pushed down the line. But any positive effect of increased stimulus is going to be immediate.

So in a way, if this works like I think it will, you're going to get more of the pros of government spending while pushing down the line. Cons: Of government spending like more taxing. And look, I'm not making a political argument here, just a spectator argument. In fact, both parties are going to push for stimulus.

Both parties are going to overspend what they tax. and again, we saw the power of government expenditure back here. So if we get more of this to an even more aggressive extent under a democratic administration that would be extremely bullish for the market. When you take trillions of dollars essentially out of nowhere or essentially out of the future and you throw it into the economy that gives the economy more capital.

And that capital makes more capital and it helps bolster everything up, you're giving it fuel. Okay folks. so with all of that being said, has my analysis that the market is in a longer term downtrend changed? I made several videos last week explaining why I felt impending lockdowns in the Us and other countries and increasing cases domestically would mean lower growth in the last quarter and in early 2021 and would result in a downtrend in the market as we approach January and February. Back then, I said that even if we had a week where the market uptrended the whole week completely recovered, I would not change this analysis.

And I haven't changed it because none of the facts have changed, just because we have this rally. And look, I'm not someone that has a hard time admitting that I'm wrong. I've done it before. I have no shame.

If new evidence comes to light and my analysis needs to change, I'm going to go ahead and say hey, my analysis has changed. The facts are different, or maybe I misinterpreted something. but at this point, folks, I do not feel any less convinced of my analysis that if you look back on these months come January or February 2021, that for a large portion of it is going to be in a net downtrend. I don't see evidence for it being as extreme as it was back in February and March, but I don't see this bullish rally that just keeps continuing into January and February.

I just don't see it in terms of what we've just seen the last couple weeks. I think that during this period last week where it was selling off, investors were focused on one thing: the virus. Because if this was an election sell-off they wouldn't have been so bullish throughout this entire week. If they're worried about Biden getting elected, they wouldn't have been bullish as Biden came in ahead.

If they were worried about Trump getting elected, they wouldn't have been bullish as the polls turned and future started rallying. And if they were worried about election uncertainty to the extent that this sell-off was warranted, well now it's looking more and more likely that we're going to get a contested election. and well, stocks are holding up pretty well. So at this point, what I see is that during this period last week, investors were focused on the virus, they're focused on case increases.

They're focused on the fact that countries in Europe, well, they're locking down and it looks like that might end up happening here as well. And I think that once this election blows over, they'll start focusing on the virus again. Why is that? Well, because beer bug cases continue to increase, lockdowns are still going on in Europe after all of the gatherings. With this election, and as we head into Thanksgiving and more holiday gatherings, we're gonna start seeing more cases.

And if we start getting to the point where hospitals get inundated with patients, we start seeing inevitable lockdowns. Even if we don't get lockdowns, demand is going to be hurt if people think that there's a potential for that to happen and let's be real here. you can agree with me or not, but I just don't see this country getting a handle on the case count without substantially tighter measures and tighter measures are going to hurt the economy. I know a lot of my viewers are sort of of the opinion that because all of these businesses are so much more prepared now than they were back in March that the brunt attack isn't going to be as bad.

But the problem is that if you force businesses to close, it doesn't really matter how prepared they are to take in customers. If the government doesn't let them take in customers, I think that we're in a much better position to handle it than we were back in March, and there's going to be a lot less panic, but I just don't see the same growth numbers. I think we're going to see a reduction because in large portions of the country, everything is back to being largely open. Obviously some restrictions, but it's largely open right now and a reversal of that would be a disaster.

I do not see any situation without a stimulus or a vaccine where we don't see the market cooling off into 2021. Okay, but Charlie, How do we make money? Well, let's talk about some of our plays. So Neo has been on a tear this week. We briefed on it because it was up on great deliveries on Monday and investors were looking forward to earnings in a couple weeks.

This is one of our eevee stocks that we've been stalking ha stalking for quite a while because it's essentially propped up by the Chinese government and is likely going to be a leader in the biggest eevee market China. But how how do we play these? Charlie? Well, when you get the setup you want, you wait for confirmation above our blue price rank S. Mayline and you sell out at validation. A lot of people love to bag on my entry and exit point strategy because you miss parts of the move.

Who cares about catching everything? I'm not a perfectionist. Far from it. I'm not going to pretend to be one. It's not about catching all of the move, it's about taking a chunk of it and doing that consistently and managing your losses for when.

Well, you're wrong. Okay, Uber and Lyft. We briefed on this one repeatedly this week, and I said watch this as we go into election on Tuesday because they are on the ballot in California for Prop 22 and Prop 22 For those who don't know, is essentially declaring whether Uber and Lyft and ride-sharing companies can classify their drivers as contractors or if they have to treat them as employees because obviously employees is less beneficial for their business model. This ended up winning.

so they broke out on a tear today. And by the way, for folks who are like, why does Charlie have to save his good plays for the Zip Trader You members in the briefing, Well, I actually spoke about this one in the public Top Stocks video on Sunday as well, so that's not really a valid excuse. I make all of these videos in a way. They give you the resources for free to do things yourself and I give you examples of how powerful it actually is to put in the work.

There's all this opportunity to catch all these moves if you're putting in the work and I do let you know that if you need me and are lost and you need structure, well I'm here for you and Zip Trader you to do some of the work for you and identifying these opportunities in the morning briefings. And I'm also here to teach you how to do it yourself if you need that structure in our ziptraderu lessons. but at the end of the day, it's you that needs to put the majority of the effort in and there is no escape from that Zip Trader you or not. And that's why I present these opportunities in multiple ways in my videos that you can see.

Hey, if you need the help we got Ziptrader You for you. If you don't need the help and you want to do it yourself well, you get some ideas and feed off my analysis by looking at how I catch these moves and how I trade. Okay, Fsly, they had gotten beaten down and just completely trashed and earnings did not help either. But I briefed on them for one reason.

Every reaction is a dirty overreaction and so we waited to find a clear bottom for it to bounce off of. And it ran 14 after bouncing. And these are called dip Buys on overreactions, which are much much more conservative than the momentum players that we usually talk about because you're buying something when it's cheap and these types of plays are much better for beginners if you don't want to catch some of these momentum trades. Another example was an overreaction play on Bob babagoshipa-baba.

Baba was beat down on this whole drama thing with Ceo Jack Ma and losing a subsidiary over it. I'm losing brain cells as I talk about it, but whatever. We briefed on it because it was beat down and we wanted an overreaction recovery after it found a bottom and we got that. It doesn't really matter what happens in the long term again, because these overreaction plays are quite beautiful and you just play off the short term movements.

So sup folks, sup had run up in the after hours on earnings and look to be holding out pretty well in the pre-market When we briefed on it, I found it using Weeble's pre-market gainer which coughed three free stocks if you sign up with Weeble below cough cough always said it had run up and had the strength to become a multi-runner We also said we wanted selling off. I wanted to get a good deal. I'm a cheap dude. We did indeed get that selling off and from Loves we ran up about 40 and again this is another opportunity where we caught it late and a lot of people say charlie, you missed all of this run before even though it ran up 40 after you called it out, we missed all of this.

My style doesn't really help you for catching complete moves if you're looking for somebody that can tell you how to catch a hundred percent of a move. Well, I'm not your guy. Okay folks. Well anyways, the point is, there are opportunities regardless of the market condition, and all you got to do to catch them is put the work in and not give up.

And by the way, if you think our morning briefings would be helpful to you, you can get them by joining us at Ziptraderu, which is linked below with of course, a coupon code that will get you 50 off. But let me warn you, Ziptraderu does have a one-time fee, but in return you will get lifetime access to the program, the chat room, and all of the morning briefings. But the truth is that I don't think that Ziptraderu is worth paying for if you aren't going to complete it as designed. If I was somebody looking to do this program, you better bet that I'd be doing all of the lessons probably multiple times that I'd be answering all of the quiz questions, that I'd be participating in the private chat every single day, and of course, I'd be practicing relentlessly.

and I'd be keeping up to date with the morning briefings. And you better bet that I'd be taking advantage of that lifetime access for as long as I possibly needed so that I can get the most bang for my buck. Casually put, I would want to get my money's worth out of Ziptraderu, so I expect the same from you. Don't join us unless you're willing to get your money's worth out of it.

And of course, if you. are broke or curious, Weeble is actually giving three free stocks now if you sign up and deposit with their commission free broker linked below. So if you are wondering what broker to trade with, they are a great place to start. And three stocks is actually pretty impressive because they can be valued up to this amount.

But anyways, enough with that. Have a great day folks and I'll see you in the next video.