 Good afternoon everyone and welcome. This is Melissa with the stockswish.com and I'm doing a market review here of the spy The market gapped up this morning. It really wasn't that surprising I did think the market would not necessarily hold immediately into the open but would hold between 10 and 10 30 It held before that held by 945 This is a low of the day in the market 20607 approximately 206 in the spy and the market set the low of the day at 945 And then rally did rally then at 10 o'clock and over the high into 10 30 Target for the market today is 208. I don't see any way. We don't get there Very bullish every pullback in the market can be bought today Expect the rally to continue next week. We could have a tremendous gap up actually into Monday over the weekend in the market I'm not saying a hundred percent. We will but I'm putting it out there that we could We could have a big gap up on Monday because the market is strong binds coming into the market I never left the market The bulls were in control of the market every step of the way Every time all of this happened the bulls are still in control And how do I know because I read gaps and gaps Tell me Whether something is weak or strong and the market is strong. It has always been strong These five will get to 300 this year by the end of the calendar year 2015 the only person that's saying that with that kind of an exact number and I have a hundred percent conviction and No chance of failure that the spy gets to that number this year and will continue to make new highs There will be people that short the market continuously throughout this entire year though That things the market is extended and the more it runs the more they'll think it's extended and they'll keep getting shorted And there are people that insured this in here Which which is why? When the market gets up over this area 208 approximately between 208 and 210 the market is going to have a big lift Big because it will blow out the short Covery and the short positions in the market and the binds gonna lift it to come over it Anyways, which was always gonna happen. I don't even think we go up here and retest it and not get right over it Like I literally think we're gonna get right over it and we could do it in a gap Then it could be a gap on Monday for next week. Nothing stopping us now here nothing Nothing so Again, I don't really see people letting loose of this kind of action after the next rally Until you know late summer early fall 2015 but the market is going to stay in the uptrend that it's in and it was very tough to go aggressively Long the market today But the time of the day to go long was around 10 o'clock Which the market set up on the five and the 15 minute chart and you could be on the market And this is a nice straight and it has good risk to your word And it's not a good time of the day to be in anything here around lunch But you could buy any pullback on this 15 minute chart of the five minute chart of the market today Because it still has a dollar target left Could the market run all the way up into the close? Yes Volume of the market today is probably gonna double from where it's not even here Even though it's a Friday, even though it's 12 o'clock Even though it's the day before a weekend because the market's so strong and everyone can see it now And I and I always saw it. I mean, I absolutely always saw this I know the market made a series of lower highs and lower lows It's not the right way to read a trend in something and if it wasn't no one would ever take any traits That don't work in the market if the only way to be trends and something if it's long or short is The way the pivot set up then no one would ever lose. I mean, so that's ridiculous the youth There's more to it which I teach in my golden gap class and in the trends class as well So the reality is you have to know how to learn how to read price action in gaps in order to determine the correct trend and something whether bullish or bearish and I love this short and if I thought this market was weak or there's any sign of weakness here I would have said at the last two months, but there wasn't despite the fact There was 27 red bars in the market in the last two months, but there really wasn't any weakness showing the market The bulls still had their position there. They were there. I saw them there You might not have thought they were there, but they were there and they're showing their hand right now And in the last week actually and February I said would be a very strong month February I said we make a new high. It's all playing out that way and so you really I Went long this week in Disney and I'm gonna have to go long this year in the market and quality bullish gaps I'll still only go long and stuff this quality bullish gaps golden gaps every 20 points or more per the 26 point rating system But the fact is that you will have to go long this year some of the days or do nothing Because there will be some days where you can't short anything this year How do I know I get up every morning? I look for the gaps and whatever's quality is the thing that I do and Disney was one of those ones this week that really got Everything in the world and was just perfect But you know the market wasn't a perfect gap today But it was showing its hand very well, and it really did set up the way that I thought you know Not into the open after a little bit of a pullback, but still held very very strong. This is holding in midair It's holding in midair So the thing is that Just gonna have to be one of those years where you got to know how to trade I mean you're gonna really be tested in your trading this year if your day trader That's why it's a good year to actually learn the kind of stuff that I know if the people that are with me We'll know what to do because I'm gonna say it and keep people out of trouble and stuff That's crap and stuff that works great, and if somebody doesn't work you're off of it I mean, it's really the kind of year that you're gonna have to be so strict and disciplined with yourself It's gonna be a year that if you know what to do you have chance to make a lot of money And if it's a year you don't know what to do You have a chance that you're gonna lose and lose more than you normally would because you're probably will keep fighting stuff And so soon to do things that you think are right, but aren't gonna work out this year There's stuff that people do that aren't gonna isn't gonna work this year Not me not what I do not not gas because I'm doing the correct thing that works in any type of market bullish or bearish But the thing is that really honestly There's gonna be people that try to do stuff They would normally do this year that our day traders or swing traders or court traders that isn't gonna work It's just flat out flat out not gonna work And you're gonna have to be disciplined this year in your risk amount in the number of trades You take every day and the number of symbols that you watch and you better get it right And if something doesn't work Then you just lay off and you give something one trade or two trades and you lay off You're not gonna be able to fight stuff this year if it doesn't want to go It you first of all you should never do that anyways But it's gonna be of a year to be very strict and you're gonna have to be strict if you want to be profitable profitable on the week and the month and the year and that means some days you may have to step aside in the Market and just let it to do its thing If there isn't any quality So very bullish week for the market rallied every single solitary day Gapped up today and had a rally today and the market is doing it Expect next week to be just as bullish as this week if not more so I don't see us retesting that high and not getting over it I see us blowing right over that sucker and we could even do it in a gap and it could even be Monday Who knows I'm not saying definitely Monday, but I'm saying it's it's possible So nice bullish market. It's falling through and the market is actually perfect And if you would like to take the Golden Gap class you can email me for the next upcoming dates. I Have come out with a new bullish Gap class It is not exactly the same as the bearish Gap class obviously because it's going long and there are some particular things about the points that are not exactly the same and like everything else it has to do with being very specific and Very very detailed, which I am when I look at stuff in gaps so the difference between the bullish and bearish Gap class is Small but enough that it really warrants the difference will make a difference between you finding a good bullish gap or not because some of the points are actually not exactly the same and you know, I Have a good eye for bullish gaps But until I sat down and actually wrote the bullish Gap class did I not realize that myself? That there are some things that are actually very different only a few but they matter to get it right and In the end you want to get it right you're doing this to make money If you're doing this to make money you have to get it right way more than you don't that's the only way to be Successful in this business and it's tough. It's tough for people to be consistent. It really really is So be very careful here this afternoon. If you're not long something or ready It's really just too late here for the day And if you shorted something this morning, you just take your money and run we'll see what the market goes next week and I have a great week in everyone if you're interested in more information about the bullish Gap class or the next Upcoming bearish Gap class email me at Melissa at thestockswish.com