 Welcome. This is Melissa with the stockswush.com. And I thought I would do review of the market. I was on holiday last week for the vacation for the July 4th, although it did trade one day last week. And I pretty much just really didn't look at the market that much last week. Today's Wednesday. I did look at the market this week. But you know what's interesting? OK, let's just talk about it here. So what happened in the last week? Well, the market did fall a lot this day. It was the 29th. The market gapped down, and it was a short on the day. But this didn't break the chart of the market. But you could have shorted the market that day and made money. It fell, and it pretty much powered trended after the rally at how to the morning. It would have been really aggressive to do that. You would have had to get this at the right place. And if you didn't, then you wouldn't have gotten the short. It set up very, you would have had to be aggressive. And that's the only way that I can describe that. We held in here. This is all over the holiday, like right in the holiday days. Didn't really go anywhere. Didn't really go anywhere. Gapped down here, and I felt that this day the market was a long it was. It gapped up yesterday, but really not in a good placement to really have the follow through. And then we fell. And then we got bought aggressively into the clothes. And even I was like, hmm, that was interesting. Cause I had to talk that day about the market in the room yesterday morning, that the market was still higher. And then we did this rally into the clothes. Then this morning we got down. Okay, now all the stuff has been happening at Grease and whatnot. Then on top of everything else, this afternoon, again, I trade only the morning. I don't trade in the afternoon. The market was halted then in the spy this afternoon, which is interesting because you know, the funny thing is, the interesting thing is that, let me just see here. It's just so interesting because all the things that have ever happened, like the weird things, like the fact finger day when the market fell off the planet back a couple of years ago. Let me see if I can find it. The halt today, there was another day like there was a circuit breaker issue. I don't even remember when that was. I traded now for seven years. The days seemed, the years seemed to run together, but it always happens in the afternoon. It never happens in the morning. So, you know, I never get caught in any of these things because I'm never trading at the times when any of the crazy things happen. And the crazy things always happen in the afternoon. Where that was, May. I'm looking for the fat finger fault. This thing here, if anyone was trading here, I remember this day, but again, I was flat. But if you weren't a short, you had to be dropping something, but this was May 6, 2010. That happened in the afternoon. It was after one o'clock. I think it was like 1.15, 1.30, so I remember. I remember watching it, okay? Anyways, the point is that a lot of these things occur. The weird things that occur happen in the afternoon. So, as far as being a gap trader, again, the best thing you could do to protect yourself and to do the least amount of risk is being a trade for the least amount of time. Which I do, and I do well, and I do it in the morning. And I never get caught in these crazy things like today. Because if you were in a trade today when the market halted, you had to wait till it reopened. And whatever opens up, whatever price it opens up, you're in the trade, you're in it. You know what I mean? So, I will say that was an interesting thing to happen today. Despite the fact that now we're falling, this is a negative effect here of what just transpired in the last few hours because nobody knows why it happened yet. Whether or not it'll come out the real reason. Who knows? I don't think we ever got an answer on the fact. Finger thing back from 2010 is 2015. But you do know that when you trade in electronic environment like we do every day, if you're an active day trader, that anything can happen, okay? You're dealing with computers. You're dealing with machines. When I send the order to the market to put me in a trade and put a stop in and get out, we're relying on systems and processes to work correctly. And sometimes there are glitches. Sometimes things happen. Sometimes things happen unexpectedly and out of control. And it's just, this is what the environment that we live in, okay? So, keep that in mind when you do these things. But again, I trade in the afternoon and I'm in and out quickly and so I never get caught in these things. Getting back to it, the market fell in the queues today. Rallying yesterday. I have no idea where we gap tomorrow morning. We could see follow through and a gap down tomorrow morning of this stuff. If we gap down tomorrow morning, then we're probably gonna hold. If we gap up, it'll be harder for us to hold. Unless we gap up significantly, in which case we could really rally, we're gonna have to get ourselves out of the situation in probably a gap. I just don't know if that's gonna happen this week. Wednesday, Thursday, Friday, we only have two more days left really of trading this week until the end of the week. So, nothing significant might happen until next week, really. You know, remember a lot of people on vacation this week that took the fourth because it happened to fall over a weekend that took, some people took last week off, some people took this week off. Either way, the market is not as active this week as it was back in June and the market will be very active starting next week and earnings season starts tonight. So, be careful if you trade this week. Be picky, all right? The market's really sloppy in here. Do I think it's still higher though? Yes. Do I have 100% conviction it's higher? Yes. Do I think we're gonna make a new high this week? No. Do I think we're gonna even hold this week correctly long? I don't know, all right? I really have to wait to see where we gap in the next two days in the morning, literally in the pre-market, not overnight, in the morning and then go from there. It could take us a couple of weeks to get out of the situation because people are gaining conviction that the market's lower but I'm here to tell you it's not. I gave a lecture about this in more thorough depth yesterday in the room. The market is higher. Absolutely, and we'll make another new high but I don't know when that's gonna happen, okay? It's not gonna happen this week though. And even if we get up here again in July, we may not get up over the high there. So, I don't know when this situation happens but if you're looking at the entire year of 2015, well, now let's just go back to February. If you're looking at February, March, April, May, June for five solid months, going into six, the market has been, you could say sideways. Now, I would say bullish for the trend in the market but I couldn't fault you for saying sideways. It's really bullish or you could say bullish slash neutral. I'd say bullish but if you said sideways I couldn't fault you for that but I'm telling you right now people in the market it's not in a downtrend for people that are short the market overnight or think it's lower, it's not. Trust me when I say, I'm very good at reading price action and trends and institutional positioning in the market. We are having an effect here that is not gonna last indefinitely. Okay, so keep that in mind. The market is not lower in the bigger picture here. It's higher. Could we still be a little bit lower in here and slop around? Yes, but I won't even know till I see where we got tomorrow morning. Be careful, this is tricky. It looks like it's lower but it's not and how do I know cause I know how to read gaps. So if you wanna learn the golden gap rating system email me at melissa at the stockswush.com. I have a class this weekend, July 11th and 12th. If you wanna learn how to trade with me this earnings season and trade in the room and get my calls it's gonna be a really good summer. July and August are gonna be great months. And you know what, if the market pulls in even more I'm not gonna sweat a bullet about it. I'll be shorting the things I like to short and we'll get the downward moves in the market and I'll go with it. Cause we could do that again before we make another new high. We're still higher in the overall picture and even this year I'm saying but I don't know if it happens in July. So July could be more bearish than bullish which is fine with me cause I like to short. Have a great afternoon everyone. Email me at melissa at the stockswush.com if you'd like more information or wanna sign up for the golden gap class this weekend. Thanks everyone.