 Okay, good morning everyone How's everybody doing? No, I haven't talked yet. I haven't talked at all until the second Trying to decide between two things here Can't seem to do Because I like them both. I don't know if we do them both or watch them, but Good morning, Melissa. You're risking to have $500 today. Do my best. I always do my best I do my best for everyone not just you Do my best You people are funny Michael, I emailed you the emails keep bouncing. Obviously you got one somehow it made it through the Twilight zone of emails that keep bouncing them doesn't rate good, but I think it works But aggressive entry here. I don't see it the tie breakers here are RCII and GNC Both of which I like Let's just look at the market Now it's that was me sniffling not snorting. I'm actually sniffling I don't I don't this weather has been crazy one minute. It's freezing the next minute and it's high, you know It's 50 degrees out now. I'm fighting off a cold It's a sniffle not a snort, although I'm not opposed to snorts Might have to get some over-the-counter stuff for the weekend because I can't afford to get sick Mark it looks higher Market looks higher. Jeez. What did Netflix do? Let's look at it. Look at that amazing Ten points more than ten points. I didn't look at that last night because obviously it wasn't in it for something to do in it I didn't see anything here ahead of time. Just wait till the gaps But look at that people were probably try to sell this today, but I wouldn't We're not gonna do anything with us here I've kind of I've kind of shied away from taking things before the earnings unless I unless I really see something That I know is gonna happen. I either do it into the earnings or wait till after It's you know, you really don't know what it's gonna do. I mean sometimes I see something. I just feel really Confident and I just you know, I wasn't sure what that would do RCI and GNC It's a tie targets really even almost same amount of money The spread is almost the same amount Gonna watch them both. I just don't know which one I'm gonna do I I'm gonna watch them both. So maybe we'll do both or or I'll do whichever one sets up first or I Think I'm gonna have RCII up as the main one GNC here in the middle It's gotta be a quick day for me today have an appointment. I can't mess around I won't be running the room late today. I have things to do So if I exit this into the first move, it's just because of the fact I've got to get going this morning But you could hold any of these things. I think to the targets. These are good gaps. So eight bucks and RCII And GNC, I mean I said ten dollars, but that could really go to nine something I didn't put some crazy number in there because I wasn't sure where this would open GNC But it could go to nine something. I like them both. They're both good gaps So GNC is in the middle if it sets up, I'll call it RCII is the main watch here Again one quick play CSX I think was yesterday sue But you know we have plenty of things to do today. I mean I could have rated. I could have rated many many other things I just picked the two best ones CSX Yeah, it's a good long. It's a good long in here. I wouldn't know if I'd do it aggressively Netflix is the big earnings winner though last night Really, okay, here we go RCII we're gonna be a little patient GNC is falling too. Let's see Again, they both rated well. I'm just focusing on the one, but this goes look at this here. This is going to Well, look at this here. This goes Hmm. Hold on. Oh look here. This goes. Here's the volume coming into this too GNC, I don't know what I'm doing here. Nothing set up yet Here you can do GNC right here, but I think the stops too big 39 by 80 39 by 80 It's breaking. I'm gonna wait and see if this backs up and take it I think the stops too big 39 by 80 though GNC just hit I'm gonna I think I'm gonna watch this, but I want a better entry You could do this 39 by 80 it hit too fast for me to take it and I don't like to stop But GNC is valid man. This is gonna go to nine something today This could go to nine dollars today GNC 39 by 80, but I'm gonna wait for better entry Let me flip back to this Okay, RCII Maybe we will get to okay. I'm watching two things. This did hit. I think the stops too big It should give another entry and this hasn't done anything yet. It's gonna go to nine something though Okay, RCII. Wow. Look at that 52 by 85 RCII 52 by 85 RCII and look at the GNC That I think that just swush it did We'll go back. We're gonna go back to that, but you could you could be in it I just thought the stop was too big, but there it goes Let's do 52 by 80 52 by 80 RCII 52 by 80 This flips over the high. I'm not gonna like it. Let's see. We'll just flip right to our GNC So RCII 52 by 80 It's a little tight, but it's okay GNC. I'm gonna go back to Don't don't don't jump the gun in RCII and GNC. It just it did do a swish. Wow two swishes in a week It's amazing See it doesn't matter if the market's bullish 52 by 80 RCII. It's a good entry, but it hasn't hit and this this is just continuing to go for now So we're gonna get another entry in this if you didn't find if you did it You should almost be out or just follow it down bar by bar and RCII hasn't hit yet So no one should be in this at all. You could be in the GNC. I just thought the stop was too big, but it will give another entry Okay, 52 by 80 RCII here. Look at that GNC Did anyone do that? Holy crap, you could have done the late entry with the big stop and still made money Maybe I was too conservative here 52 by 80 RCII. Let's pay attention Holy crap. Look at that. It's just gonna break $10. Some of you did it. Wow Maybe I was being too picky And if this doesn't set up That I'm gonna not get anything here crap Look, this is the exit though in the first exit though 10 o'clock. I mean 10 $10. This is the target here on the GNC Even the lane entry here. That's the target people be out be out It's gonna set up again, and I may do it if I if we get it. I'm waiting on this thing. Geez Here you're bar by barring it. Wow RCII isn't doing it yet. Wow. Look at this Okay, some of you did it. All right. I'm still watching the RCII. This has not got given another entry the first one works Maybe I was being too picky. It still should set up again. Okay. Let's do 59 by 59 by 80 RCII 59 by 80 RCII. I am still watching this, but it's looking less interesting Here. Oh my goodness. Look at GNC. You really should be almost out of that though for the first move It just broke 10. Oh Crap Here some of you are in it. I didn't do it. I didn't do it. I watched RCII and I'm waiting It still hasn't set up. This is look at this. Oh crap. This may not set up again now. This may here Wow No, it may not. They might be it. It's still going. Is anyone still like that? It just dropped a dollar and it wait for the entry the secondary entry and it just dropped a buck This is it. This is more than a dollar. Gosh darn it. I just thought the stop was too big Came and dude is out. Am I the only one that didn't do this? Seriously RCII isn't setting up. I'm gonna flip to see if I can get an entry in GNC But that one was massive really stinks. I didn't get that I'm glad I'm glad you guys got it. I So think this could set up, but the move now is so Jimongus. I'm not certain Steelheart is important for you to make money. I wouldn't be worrying about ours right now Just get that out of your head So this actually dropped almost a dollar from from a big stop That's it's I mean it was a good gap and I told you that it wasn't a gap on earnings But it didn't matter and I said that I just thought RCII may have a better entry when I saw the size of this I really didn't think it should need a 40 cent stop It's not done And if this keeps going then we won't get an entry and I would be out of this I would be out of this if I had done it But it looks like it's headed to nine bucks today. This did open and swish will go over it. I'm here. I Gosh, I wouldn't see any reason to still be in it, but it's still dropping. Is there any single solitary human being that's still in this? It's still going It's gonna try to break 50. Here it goes. It's gonna break 50. Here it goes. It may just go right down to nine dollars No, and this isn't gonna work. So I watched this. I didn't lose any money in this. It never set up It's not gonna work. It looks like it's gonna flip over nine and it never set up So it didn't didn't really do anything wrong But it's not gonna go red today. That's kind of a bummer. I watched Both things and I just thought I should get a better entry It hasn't given it. I mean it just collapsed Discipline dude is still in it Who does you're doing an option and GNC? No, no signs of buying, but you're gonna have short covering here So don't I mean there's people shorted just like you there's people short in the room You're gonna have short covering that's gonna make a green bar. I'm waiting for this to rally back with the short covering But it's not doing it And now I realize I should have just taken the darn trade in here. I had time. It's still going This is nuts. Look under 50 925 if it breaks 950 Well, I'm glad you guys got it. I didn't get it and This isn't gonna work. So no one short RC II. It's not gonna work. Let's look at Netflix Yeah, Netflix is is really not gonna go anywhere today in either direction because it really is a long way People are gonna try to fade this but it that's stupid to do I wouldn't do anything with Netflix unless you're gonna buy it and it's hard to buy it at that point Market just made a brand new all-time hike again in the QQ queues So I don't this is market is in sidelining here in the queues in the spy They still are will the spy break out with the queues. I don't know just look at some of these other things in here I'm not gonna chase that Jan see either called a great trade for the room. You guys did it. I Just thought 40 cents was too big Wasn't I would not do anything in Netflix like that chief, but you do whatever you want Let me just look here. I don't think this is gonna set up again. So so very unusual. Let's just go over it Let's just go over it because I I don't think I'm gonna be doing anything today But the room did a great trade and I'm happy for you So I I preferred to watch RC II I thought it would have a better entry with risk to reward as it turns out It didn't set up at all So I missed this but I did think this would back up and set up and never did and because of the move It means so aggressively this morning. This may not set up again now. It's very very late It's 941 the stock open and swooshed it also open and collapsed it dropped It fell to some dream number a number didn't you have written down? Will this set up again today? It may not sometimes these things go the collapse They sidelines the rest of the day and then they never they don't they don't do anything They don't do anything, right? So this could have one more move down not set up, right? Collapsing the $9 and sideline all day. So you can't this is this is not an entry and here's just it's just selling off It's unbelievable. I would have never been in this till 950 though. I'll tell you that AKS Give me other ideas. I mean, I will still think about taking a trade between now and 10 o'clock, but At this point here. I didn't think I was being too conservative with that, but maybe I was I Never thought I'd drop more than a dollar in five minutes AKS. No, what are you gonna do with this sitting on support? There's nothing here It's not even gapping down and this didn't work, right? I didn't think it would look at the other one No, this didn't work, right? I didn't think it would either This is where the dollar can't do this It's too cheap GNC was the one I gave it to you. I just handed it to you. I Just didn't flip over to do it fast enough and I thought the stock was too big and this isn't gonna work So don't anyone short this it's probably gonna fly over 9 It really needed to hold in here. I wanted the confirmation that was good It never set up at all. So no one should have lost any money in this. You can't go along it It looks very well like it's gonna go over 9. Let's go over GNC. I don't think this is gonna set up again, right? Everyone should be out. I would definitely have been out if I had taken it I don't know if I would have got I definitely wouldn't have gotten this last bit here I probably would have gotten something into this last push here wherever I would have exited it But this here I mean there's just no way I would have gotten this down to 950 But this very well could possibly go to $9 today But when will it set up? This could rally for you know half an hour 45 minutes before it sets up properly and sets up in the 15 minute chart and then goes to 9 It was a good gap the fact that it was an earnings didn't matter. I still rated it You can read anything that's a gap down. I guess it was a downgrade things gap for various reasons It is earning season and so we do tend to do earnings gaps, but not everyone has to be an earnings gap We'll do anything it reads good So is anyone in anything else they want me to go over had volume right of ways I think this has to let rally for at least a half an hour before it. It's able to be reshorted So I don't know RCI. I know no No, it's not going to go red today this bar will close green on the day Whatever red you see here is people that went along the stock Into the open traders like to buy these things It's it's something that traders like to do when a stock is fine fine fine and gaps down big traders like to buy it into a gap They'll I know what traders are doing. This is not institutional buying I will tell you that right now, but traders bought this today and no one else sold it off So it didn't go red So you can't short this because people are buying it today not people in control of the stock Who's in the control of the stock the bears, but they sold off in the gap It's nothing to do today. This is going down lower and it's probably a great watch for the next week in the next month But today this will not stock will not go red traders like to buy this. It's a terrible thing to do It screws up your head It's one of the reason why people many people that trade gaps have no intuition like I do about seeing things I Don't do this even though I see it's not working in the opposite direction Do not short this today give a kamikaze entry. I'm not doing it But kamikaze entry in here if you want to shore G and see I'm going to give it to you It's a kamikaze which means 50 50 chance of working or failing and I don't have the entry yet It's going to be a kamikaze because it could not set up correctly Break again and just go right down to 925 or 9 so low low odds of working It's called a kamikaze if you want to do it If you made a crap load of money in the first trade which everyone did that did it You can risk a couple hundred shares and do it if you want I'm not going to do that unless it has a confirmed entry, which I which I don't think I'm going to get Because I think it's going to need the 15 minute chart It's going to have to rally back to $10 It's going to take a while So kamikaze on G and C if you want it again, I must be clear. I'm not doing it I missed this trade today, so I guess I'm out of luck, but you know That's life sometimes you got two things to watch one thing doesn't set up and one thing goes I is so good though, and I'm glad I called it for the room and I'm glad I didn't do the other one Or I'd be down. We shorted RCII would be down today And we'll go over target which went to an amazing number yesterday. We'll go over that went to the number I said For all those of you that held it. Well, let's just see here. Let's just see if this actually retest 10 If it goes over 10 it's done though RCII no, I wouldn't do anything with this. This is a fake out. It just triggered in the five minute, but it's not going to work It's a fake fake fake Target, let's see if this continued today This one day you're doing good back in the group here This one day to the class years and years and years ago, and now is back finally trading Semi-retired, so that's good. This got down today. Wow. I don't even notice that where did this go? 6635 don't anybody look I'm gonna look at my sheet 6635 635 is what I had down written on the sheet as the target as the first target Does anyone pay attention to anything I say this went to 66 35 That is the exact number that I gave for the first target yesterday. It went there exactly to the penny Here and this isn't gonna work. I Need to figure out what I'm doing with my life. I should be a billionaire by now All right, GNC. I'm not doing it if it sets up again. I'll call it Does anyone ever remember me writing that number the room? Do people even pay attention to anything I say? Gallaudet said yes, I Don't know sometimes you do gala had sometimes you do but you don't understand what I say Which we're gonna clarify when you get here Koala wrote it down. Yep. There you go. Koala wrote it down. It's exactly what I wrote down yesterday Unbelievable, I mean it's not unbelievable. It's a hundred percent believable 75 by 95 Kamikaze on GNC because it may not hold but this is so weak here 75 by 95 It just hit kamikaze GNC call if you want to short it right here now to get it through the break of the Low wherever it goes and just take one quick trade into 10 o'clock. You got 10 minutes. This is a kamikaze set up I don't think it's rallied enough But it very well could work because the stock isn't backing up at all It isn't backing up at all people are still short this I think it's going to some crazy number like 9 or 875 So this very well could drop and break the low right in here into 10 o'clock reversal time You got 10 more minutes. You could scalp it. It just hit if you want it Good entry much much better than the first one, but the first one had the big target You should have done what but didn't did the target or held the target Let's go over target quick. And did anyone do this? So this actually had a beautiful late entry Which I you know, I don't do that often, but it did have a beautiful beautiful 15 minute It did have another I mean this thing just had a nice breakdown play right around lunch So you could have done it with a tight tight stop if you wanted to and if you did you could have got a buck out of it You're very late to hold it though I mean you would have been holding this well into two o'clock in the afternoon very late to be in a tree But you actually were never down So if you shorted it here shorted it here the sock stock just you know collapsed So you could have done it and you would have never been worried about the trade because it really just you were up money ever since he did it and This is a higher time frame It was a nice trade yesterday that I called and an absolute perfect target And in fact, let's just see exactly the time that it hit the target It hit the target at two o'clock major reversal time. I mean talk about Perfect look at that people Like Susanna said yesterday textbook. What was the other one yesterday? I didn't do what worked What was the other one yesterday? Oh the chemo the chemo, but I didn't I didn't do it But I called it which did work. I think this sold off into the afternoon as well. Let's look Gimo yes, it did it sold off into one o'clock Gimo worked as well. I didn't do this yesterday, but I rated it and rated good and some of you did it and it worked You could have done both Steel hearts back in GNC. It's working, but steel heart if I were you I wouldn't have to redone this trade Why you have a problem in your mind. You got to get over it one trade and done You were trading all afternoon last year. You shouldn't have been doing that Just get take the money making the morning be happy with it. What if this doesn't work? It's working, but what if it doesn't then you would have made money to engage the money back It doesn't even money isn't an object for you You have your mental prop thing is you've got to get over your mental thing mental mental mental This is working But I put the stop at break even because you need to make money because it's treating more more more more more That's not the way that you make money in the market. I Wouldn't have redone this if I were you if I if you were here in New York with me and mentoring me I wouldn't have let you do the trade You made money in the morning proved you can do it. You took a good risk of $500. You got a great trade It fell off a planet. I'm trying to help you people And everybody has different issues, but as I'm getting used to as I'm as I'm as I'm getting to know some of you I'm seeing what they are. I'm seeing what they are So here, you know, I didn't get this today, but it's fabulous All right, let's look at the market Market made a brand new all-time high again in the QQQs 125 looks like it's in sight may not back up before then Huge massive earning weeks week next week the biggest one of the quarter Google Amazon Baba. I thought the market could sideline until we hit up over this number. The spy is flat Banks aren't helping the spy at all. Let's take a look at them. But I mean the Q's are just non-stop here I think IBM's out tonight. I'll have to look at it Too too late to go back and see what the Netflix option would have been But it just it would have been a kamikaze didn't call that because I wasn't sure the direction It would go wasn't sure if it go ago up or go down or do whatever I have no idea what it was or even if I would have probably maybe if I would have done the 140s But it probably was cheap But again, you know so many times you need to have the market with you here See, this is the problem with the spy. Look at the banks. We're selling off a little bit here Even though they're very very strong. Let's look at JPM Let's take a look at this one here. Yeah, the banks are the problem with the spy So the banks are dragging the spy down Q's look amazing and that's all she got. I don't have anything else today I didn't do this Which I'm glad look at it flew over nine and this was the one. This was the one Gallant said, thank you. Does any did anyone do anything else? Did anyone do anything else RC? I never set up. I told you guys don't do it. I said, this isn't gonna go red today. I'm right It's solid green like a brick. So no one shorted it. I never made an official call in it that triggered And then I said lay off of it SMM was weird looks weird doesn't have a volume wasn't a good gap could fall tomorrow Nothing to do here Let's look at Tiva Target follow-through lower probably flips great one yesterday Gotta be here every day people All every day in February every day in January you have to be here every day in earning season there's stuff to do Every day in March Tiva this looks lower still again. LCRLR wasn't too shabby Stata takes forever to load. I wouldn't have done this but it did work again This isn't what I do, but it did work and since there were other shorts to do today. There were good shorts today I I would never have done this it did work People do love to buy these things a gap up to support. This isn't what I do and Since we had a good short. That's what I you know focused on this morning and I'll look at shorts Always first unless we have no shorts and I'll look at bullish gaps, but this did work. It had a very smooth ride I'll tell you that it was a smooth Movement Which was nice for this setting up is along whereas the Netflix, but here this is selling off We're gonna go last night. Let me just look back. I'm gonna look at something right now. So hang on Before we leave today, I'm gonna look at something right now When is the next? So many things in my head now All right What's my target for GMC kamikaze GMC kamikaze targets first targets 925 First targets low of the day low of the day was 950 something I think then 925 then $9 I'll write it in the room. I don't have anything else to say. Does anyone have questions? No, I'm good. Okay, good. Okay, that's it for today people You're in this if you're in this you're following it through you can put the stop or break even if you want to be safe It's gonna trigger in the 15 minute. It was a kamikaze, but it's working. It breaks the low 925 $9. I made a great call on this today I was maybe too conservative for the stop But it worked and I'm glad the room did it and some of you are back in it and the kamikaze is even working I kind of saw then it wasn't gonna set up, right? I thought maybe it would do a kamikaze or be done Because it really is so so weak But once this goes and breaks the low and falls somewhere you got to take it if you did do the kamikaze I Don't know what we get tomorrow. We'll have to wait and see We'll see what we get. Okay Have a great day everyone Congratulations for those of you that did it Wonderful day again today for the room today and yesterday. I'm just is just very very good here So we'll just keep going on 2017 so far is Proving to be a good year Good job. Steelheart think about what I said though Thank You Trader Lexi. All right, I Have an appointment today. I Do many different things too. I have many many things going on right now Usually like three years ago two years ago, I would go to the gym or Relax or go do something in New York go get my hair done now. I've got projects. I'm working on a television show I've you know, I mean I just have so many things going on. It's not even funny But before I started this other project, I would have the rest of day to myself now I got a lot of things to do. I don't think there is a usually anymore. The usually is gone It's a whole new world and I'm embracing it. All right. Have a good day everyone. I'll see you tomorrow Okay, bye-bye