 Good morning everyone this is Melissa with the stockswish.com and we're reviewing Adobe for the live trading room here today. Why? Because it has earnings tonight and also I did not do any trades today. 10.05 and I'm just trying to figure out what I'm going to do tomorrow. So let's just look at this here because I really didn't look at this yet. The same thing last week was it last week or the week before it was about Lulu. You know Adobe should be in play. Adobe should be in play tonight on the earnings whether it gaps up or down. But I said the same thing about Lulu and Lulu ended up being a bust and it didn't end up working out right in the gap until like five seconds before the open. So then I never did anything with it. It was Lulu wasn't it? Yeah. So Lulu ended up being a bust because I never played it because it didn't act right in the gap until five seconds before the open. Adobe isn't going to do that because it's gonna gap tonight. So Adobe has earnings out tonight which I do believe whatever it does should hold through the morning open. I just am seeing this here now though like the way that I saw the Lulu meaning that this is in play. Like if Adobe gaps up it should be a nice buy. If Adobe gaps down I actually think it works as a short. I don't know what this is gonna do but I actually think this may end up working as a short. If you ask me here instinct I think Adobe gaps down. We may end up shorting Adobe. But honestly if I don't have any good things to do tomorrow to the downside and Adobe gaps up and I rate the gap and it rains wills along I'm gonna buy it. But I'm actually just looking here at my chart if you ask me Melissa you have to make a decision right now today the second what do you think Adobe is gonna do? I think it gaps down. I think it gaps down. Our favors are short and I'm not saying for sure I know that for surely but I'm telling you that I have a feeling this ends up going in our favor to the downside. That would be interesting. I'm trying to think of the last time I played Adobe. This really is not very spreading. It actually is pretty nice to trade. Sometimes it can be wippy but really not always and actually is pretty fluid as a stock and I have a feeling that this could gap down. Again if it gaps up I'll rain it as along if I have no good shorts and I'll play along if it's a good bullish gap. I won't know till it gaps and I won't know until I see where it actually gaps if it gaps up. If it gaps down I'm still gonna rain it. I will rain it then as a short gap but I have a feeling this could gap down and I'm a little surprised for myself but just looking at the market and the discussion we just had about the market I did call the market long today. I did say the market was along today. You could have gone along the market today but then when I looked at this harder when Beast Trader was asking me the question I realized I don't think this lift from today and yesterday has the immediate follow-through. It will in the long term but I don't think it has the immediate follow-through so now that I'm seeing that and I'm looking at the Adobe I wouldn't be surprised if the market was neutral. Neutral are a gap down them are in the market and Adobe gap down and ran down just for the day. This can even gap down the night to $74 and I'm not saying it definitely does. I'm not saying 100% conviction and I'm not saying no chance of failure. I'm saying if you back me up into a corner and said pick a direction for the earnings on this I'm gonna sit down and even I am surprised but I'm just I'm just this is my instinct. If it gaps up I'll rate it as a bullish play. If it gaps down I'll rate it as a bearish gap. It still has to rate good for me to short it but quite frankly I'm telling you right now if this gaps down it is gonna be a good short. It'll almost be a good short no matter where it gaps actually but the quality of the reading as far as if it's 20, 21, 22, 23, 24, 25 whatever it's gonna depend on how aggressive I play with this because this whatever it does we'll have a tremendous amount of volume tonight and tomorrow morning like when we get out of bed tomorrow if Adobe is gapping down it'll have four million people in it before the open and then you better know what you're doing. I mean you better know what you're doing. I mean you have to know what you're doing to trade in something like that in the open. We can't you know this is why like when we did the Michael Kors I mean you short something into the open with that kind of volume in it in the pre-market you better know what the heck you're doing. You better know what you're doing if you're short on immediately you better know what you're doing if you short on a rally you better know the numbers on doing something like that with that kind of volume are you really just I mean you better know what you're doing so I will have to very be very very focused in fact I might even write this tonight in fact I think I will. I think I will write this tonight. I don't have anything to do today. I didn't train today so it's not like my brain is tired right now. I think I'm going to rate Adobe tonight. We'll see what it does. You just saw more than half of your Netflix. You mean you went long Netflix on my call on this. I didn't know anybody did that but apparently New Jersey trader did buy my call on Netflix. Good job. All right getting back to Adobe so then I don't know exactly what it does tonight in the earnings. If someone said you have to make a decision Melissa I would say I have a feeling it gaps down but I don't have a hundred percent conviction of that. Who do I know what the earnings are going to say but I do believe this will work out better than Lulu. Lulu was a bust for the gap because it just ran up too late. No time to get ready. You have to trade on the fly. I wouldn't have done that but Adobe actually should become out to be true be in play. Could be raided bullish of the gaps up. Could be rain of bearish of the gaps down. I don't know the quality of the raining to determine how aggressive I will be no matter what it does it will have the volume but I have a feeling okay that it will end up being a better short than long so I kind of really wanted to actually gap down too. I guess we're gonna have to wait and find out. So this is Melissa with the stockswish.com just looking at Adobe for tonight. We'll see what it does. I'll do another video tonight. I actually think I'm gonna rate it tonight which I never never do. I only do it if I'm excited about the thing and I'm kind of excited about this for tomorrow because I want a big play. I want a big play this weekend maybe it's Adobe. Maybe it's Adobe because you know what in Adobe you know for this price point I think the thing I like about the stock is you do get decent stops with the way that this can run for an $80 stock you could get a 30 cent stop in this if you know how to play it right and it could run two and a half dollars or three bucks. So Adobe is not gonna have a big stock and it's not gonna have a Jai Munga spread. So that I think that's what is good about this besides the fact it's gonna have the volume and as long as put the stop at the right place you don't need to worry about the whip. Somebody asked me about that in the webinar last night do I worry about whippy stocks? No because I just put the stop at the right place. So you have to be familiar with the stock and if you're not then you still have to put the stop at the right place. You just don't not use stops because something's whippy. All right have a good day everyone.