 Good afternoon, everyone, and welcome. Welcome to the Stockswish Show market review of the QQQs. Boy, the market fell today. Actually fell right out of the game from the open. Bounced at 10 o'clock and I thought that would hold, but it didn't. Why didn't it hold? Bind and come in to hold the market up at that point. So there was some, okay, but it was not enough to support the market today so it continued to fall. And shorts have been coming into this market. That's why you have this series of red days in here. There's some shorts and there's some panic selling going on. But nothing that's happening not even today is institutional selling. I know this is hard for people to see the way that I see it, but it's just not. Market is still holding the first support level. Ten minutes before the close on Wednesday, Thursday, Wednesday, Thursday. Ten minutes before the close, the support level on the market, the next support level, the first support level is 99. Market is still holding that even with the drop off today. So I have no idea what we do tomorrow morning. No clue. Okay, let's take a look at it. So we could have rallied today. We did not. I just don't care. We could have rallied today, but we didn't. So at this point, I feel that we actually, I felt that we were going to hold today. I felt that even if we had a red body that we would have a tail today, or that we could flip actually, but once we broke the low, then whatever time that was, I'll go back and look at it. It wasn't going to happen. And we did come down all day. Now, this, given the way that the shape of the bar looks today, what time did we break it? It was around lunch. We actually could have sold off more. I mean, to be honest with you, I know, I know everyone's like, you know, we could have even sold off more and we didn't. So there was buying that came in to support the market today, or we would have sold off more. In fact, we would have not only come down to 99 would have broken. It's just a question of when the bulls are really going to step right in and carry this market on through again. And it could have been today. It could have been today. It could be tomorrow. Could be the next day. Actually, markets closed Monday, Tuesday. So the reality is that sometime soon, I don't know when the bulls will step in and buy back into this market. And there are shorts that are in here now for the longer term, which is not the right thing to be doing, but there are. There's some selling that's coming in, but I think this was actually more, well, it was a combination today. I shouldn't say that. No, it was a combination day because there was some panic that happened here, followed through in the day. And then when people get up and see that, then they get scared and want to sell. They get scared and want to sell. That's what happened today. The gap up this morning sold off. So it's a combination of shorts and selling that's happening here in the market, but none of it's institutional selling. But you have the combination of the shorts and some people selling, then you do have the red. You have the red in here. Now, buying did support the market today at the least level resistance, which was 99, and it didn't get anywhere near it. Low of the day was 99.65. Are we testing this now into the close? And again, I don't know where we end up tomorrow morning. I don't know if we get down, we get up, we get neutral, but I do know the market's still strong. I do know the market's going to get bought sometime soon. I don't know when. Okay. I will not know until I actually see the gap setting up. Today was not a great bullish gap to buy. Okay. I thought today was going to be neutral, either neutral slash bullish or neutral slash bearish, but I thought we would hold better than we have today, meaning I did not think we'd break the low from yesterday. Does that mean we're flying off the planet? No. Does it mean it changes anything here with the look of this for the short term or the long term? The answer is no. No, no, no. So and really now that I'm looking this here at the way that this we broke from yesterday's low and the way we sold off out of the gate, this really should look much more bearish than it does. I know this bar looks bearish today because it's red. I know the high of the day is up there around one-on-one, something, and we're down here and we dropped a dollar or more. But the fact is that it still should have been more today if this was really what I would have seen in something to say, something that could be a problem. I don't know if that makes any sense. So given the fact that we traded like this today, there was buying that came in that did support the market somewhat despite the fact it's red. Otherwise, this would look much, much worse to the downside today. And that's really just it. So even though we're red today, there was buying that came in to support the market today at this level, it's still holding the first level of support. Otherwise, the market would have sold off hard today and continue to sell off hard today and continue to be pushed down because really the way that this shaped itself here this morning and the way it broke could have been so much worse and would have been so much worse if it didn't look the way it did, which is that buying came in to support it. Okay, so I just want to look at something here actually. It's, this stuff is really great. That's all I have to say. So yeah, we're going to hold. I see it there. So again, I don't know where I don't know where we got tomorrow morning. And if we get down, we fall through any gap down tomorrow from the sell off today, I don't know if we, I actually think we might sell off a little bit here tonight in the post market because we're kind of selling off here to the close five minutes for the clothes. So we could sell off a little bit more here in the premark post market tonight, but pre market tomorrow morning, I that I don't know where we got up or down or neutral. But we're still going to hold. Okay, so what can I say, you know, I got to just be honest and say what I see, continue to read everything, continue to read the gaps. We did get up this morning and fail in the bullish gap up this morning. That's true. But it wasn't that great of a one. It wasn't that great of a wasn't going to go long aggressively out of the gate. Okay. In fact, let's look at the first couple of minutes of the day and even look at that. Yeah, we will sell off goes market tonight here we're doing right now. That wasn't anything that big of a deal. All right, I just want to look at that. I just want to say there was something there that really wasn't anything there today. There really wasn't anything there today to indicate that we were going to drop like this. Anyways, it wasn't bearish day in the market and you had a lot of things you could have shorted probably, but I have a feeling that the best things were actually strong stocks that kind of fell in with the market where people took profit. And I haven't looked at a lot of the things things that I know are strong, but I have a feeling that's how the day shaped up, which again, you know, how can you possibly short stuff like that? That's not what I do. I didn't trade this afternoon. It wasn't a more, it wasn't an afternoon to trade. I had a great morning. There was no reason to take any of the trades after the first trade I did this morning. I had a great train and it worked completely independent of the market as many times gaps do. So whether you were long or short in something this morning or whether you shorted the market or everything in the planet today because the way the market ran, this market is still going to hold. This market is still strong. And I'm just seeing when I looked at the bigger picture, there's something that I hadn't seen before. So it just confirmed what I know. So I don't know where we gap tomorrow. We could go either way tomorrow, meaning we could drop further, farther, haul to the secondary levels for break 99, go down to the next level. Okay. But you know, I wouldn't even be surprised. I wouldn't even be surprised if we gap down tomorrow morning and flipped or just skipped up. I mean, this is just a timing factor here where the bulls are going to come back in because they will and they're going to soon. Okay. It is January 15th, early in the year. Markets closed Monday. So Friday could have a lot of volatility actually considering the fact the markets closed Monday. And I do think there's some e-con out. And plus the day we had today. So really nice day in the stocks we showed live trading run today. Just hit it and nailed it out of the game. I've just got to continue to do what I do, look at everything, exactly the way that I see it. I have an excellent eye for these things. And the market is definitely still higher. You could not have bought the market today and made any money. I wouldn't have suggested that, but the reality is that the market is still higher. And there are people that are short this market and they keep getting confirmation that the market for their perspective is lower because of a series of lower highs and lower lows and the red days in here. But again, you have to understand how to read this. And the fact is, even though the market was red today and I know this, if you don't know what I know, you don't understand this, but just listen to what I'm saying. The market supported itself today. There was buying that came in that supported the market today against the selling action and the shorting. Otherwise it would not look like this. It would look far worse. It would have come down harder, broke 99 and probably gone to 98 or beyond. So there was buying that came in here today. And I see it. I see it because I know how to reprice action. Otherwise you look at this today and you say, we're falling off a planet, but we're not. This is not falling off a planet, not even close. Okay. So there was buying that came in to support the market today. It's there. It's in there and I see it. All right. Have a great day. Everyone have a wonderful evening. This is the QQQ market review of the stock swoosh. There is a gap class that I'm planning for the end of the month, January 24th and 25th. If you want to learn how to trade gaps and get the calls like I made in the room today, outstanding room and today I just rocked it. Okay. Really, really, really on my game, January, earning season hits here, everything, the volatility, all the discourse I've had about how 2015 is going to be a great year to train. Here you have it. Here you have it. Great example today, not just in the market, but the stock that I traded and it's off to a running start. Have a wonderful evening everyone. If you'd like to sign up for the next golden gap class, email me at melissa at thestockswish.com.