 Good afternoon everyone and welcome welcome to the stocks will show mark review the QQQs that I review this today Actually, it's evening. Good evening That I review the market because I knew the market would hold today even though it got down and I think a lot of people were prepared to short the market today The market did have an attempt in here when the reversal time were Shorts to try to come in push the market down broke the little teeny weeny bit and then bounce bounce into the Perversal time and held and closed and closed bullishly today, but I called the market to hold today at 931 I'm really good to read in the first five minutes trading of anything anything anything at all Anything at all as long as it's gapping I can read the first five minutes of something that's gapping up or down in an ETF Or any stock in existence, and I don't think there's anyone that's better at it than me And it's because I know how to read gaps so well, so you know a lot of people I've been questioning me now again here because the market fell for the last three days Collapse yesterday after it rallied and then get down this morning that the market they're saying is not higher But the reality is it is okay It is and as we have discussed prior to nothing goes in a straight line up or down. Okay so Market had buying that came into it today That's the only way the market would have been supported in the gap down today would have been buying. Okay, so what happened is the market opened at 150 close the night before here at 101 49 a gap down a dollar market could have sold off this morning into the open if it wanted to But it didn't what was what allowed the market because the shorts are trying to come in They're trying to push the market down and push the market down and push the market down and they push the market down yesterday Into the close which was a fall through the gap today this morning But how is this market going to stay like today like it did and then rally rally up and gain value The only thing that could make a gap down like this to flip like this today Okay, is fine But just support it. Okay And you have to remember, you know institutions that are buying in the market have areas these areas are massive areas These are like big areas. These are not like teeny weenie like five ten cent areas Okay, these are big areas of looking at the fact of the market broke the load today Late late late in the afternoon and quickly but but is typical I mean the the the buying just scooped it right up again It just scooped it right up again that a little bit lower price. Okay, but it was holding It was holding the call today was market was long and it was and it is and the market's still higher And we're still not anywhere near 99 not that I'm saying we have to hold 99 to stay bullish But I'm just saying That we are holding 99 Even the gap down today and the break of the loan that one teeny weenie little bar that happened at 1 o'clock 130 Oh, they immediately get bought see this time reading this. Let me see. This is this is the right way to read this See this here If the market was weak and wanted to fall this bar would have fallen through it didn't In fact it immediately got bought and had a three green bar rally and held into the close So, you know if this market was weak and wanted to sell off today, first of all never would have done this in the open not with the gap down and This would not have immediately done that which it did so remember supporting resistance are areas targets are areas I use the very exact numbers often because I want to know the exact number is but they are areas And I knew the market would hold today was a great call. I called the market to hold at 931 fantastic and so the reality is that this market is higher and How do I am how am I able to keep doing this again? I'm reading the gaps and I've just got to stay in my own space to continue to read things and ignore the world Because if I do that I'll continue to call this market and all the things that I trade very well I can tell when there's something good to do I can tell when there's nothing good to do Some days there's nothing good to do some days. There is just nothing good to do at all You could have gone along the market today, but other than that quite frankly, there was nothing really Amazing to do today There was a couple quick trades you could have done but nothing really amazing to go after a full throttle It's a slow start here to the calendar year. It's January 2015 the markets only been open for one full week Which was last week, you know, you got it today We're it's Wednesday, but the reality is the markets just barely barely got going yet this year. Okay It's barely got going and we need to continue to just follow through and do what we're gonna do and The market is gonna start to ramp up here I think from now until the end of the month from now until the next two weeks or so the market is gonna start to ramp itself up and Really get itself going. All right, and all of this that's happening in here is Just giving more conviction to the shorts because people keep thinking the market's gonna break when they see all this red in here But the reality is and we talked about this today in the trading room It's not necessarily the color of the bar that tells you what's happening It's the price and if I got rid of all these bars And if I made every bar actually pink and then you couldn't see a red bar from a green bar right off the back to Tell if I made every bar of everybody a pink bar Then how would you know what to do? Well, you'd be forced to read the price you'd be forced to read the price and to tell whether not something was Going up or down and that is the right way to trade though Is is to read the price is to read the price action and if you are day trading or doing any trading Then you really need to know how to do that The way to make money in the market is to have a consistent method to look at that is a strategy Which I do which is gaps it allows me to determine the directional bias It's something's gonna take so market was a nice hole today And it's just the best thing for me to just continue to just look at the information with the knowledge That I have and continue to read things in the manner that I have hold the conviction Which is what you have to do if you're in this market long you know what you're looking at you know The market isn't doing wrong, you know the market is still strong You know the market still higher you're holding the conviction and you're ready to go So it's just about a full understanding of it And if you don't have an understanding of it you might be getting a fear a losing conviction or Maybe you never had conviction in anything long or short like the market But the reality is that if you want to trade well And if you want to make money and if you want to take risk to make the money You're gonna need to make to take the to make the money you gotta take risk to make the money You need to make then you have to understand what to do and you have to have conviction if you're going to do it I'd say why even trade at all. I don't want to go hundred shares or something unlimited conviction in It's like why even bother? Okay So nice hold here for the market and we'll see where we go tomorrow. I have no idea. I have no idea We could get up tomorrow we got down tomorrow We could we could do a thousand things tomorrow and actually I'm remembering now I did a video yesterday and I said no matter this was before we sold off though I did a video yesterday in the market before we sold off in the afternoon And I said no matter what the market does tomorrow We're gonna hold no matter what the market does tomorrow even a gaps down it's a buy and that was correct I just remember that I said that I said that in the video yesterday But I did that video before the market fell into the close yesterday But the reality was it was right no matter what no matter what the market did today in the gap or the gap down open Or neutral it was a buy and it was true. I forgot about that. I forgot about that I said that even but I saw that yesterday. I saw it yesterday because I saw the chart I saw that yesterday I saw the chart just like I saw it 931 then the market was about a spot to buy it and then I had that nice trade that was up into the rally when I went over the high and Geez I just it's all from everything. I'm getting from the daily chart Which I just know how to read so well. That's what my gap rating point system is so good because the gap rating point systems on the daily charts It's all on the daily chart Yeah, I just remember I said that All right. Have a good night everyone. Have a wonderful evening. The market is fine. It's good. It's wonderful I don't know where we got tomorrow. I have no idea. I'll see it when I wake up in the morning Have a great night everyone if you have any questions email me at Melissa the stocks wish calm If you like more information the upcoming golden gap class, it's January 24th and 25th email me at Melissa at stocks wish calm