 Good morning everyone this is Melissa with the stockswush.com and I thought I would go over with the room here today Lulu. I rarely go over bullish gas but I think this is something to pay attention to because then they can be learned from this. What can be learned from Lulu? Well let's go back to the day of the gap it was six nine. Okay this was the day of the gap in Lulu. It really was nothing to be giving any consideration to. When I got up in the morning I looked at it it wasn't doing anything I liked and then I just never went back to it. Even here I think I even looked at it approximately 8.45-9 ish and I had nothing to say about it but I will tell you that right before the open right here at 9.15 it actually did something that was important but I never went back and looked at it but you could have gone long Lulu you would have had to almost played on the fly you wouldn't have had time to rate it you would have you would have seen this trade out here at 9.15 and you would have had to just eyeball it to play it have the targets the support the resistance you would had to just eyeball and play it on the fly and I would never suggest that for anyone to do obviously I don't do that myself. If you saw it and wanted to wait and take the time to rate it and figure out the numbers there was an afternoon playing here in Lulu again this is not my thing I like to be done by 11 but Lulu did set up as a nice long here into 11.15 and you had time this right with the market if you did it on this day it was the day the market bounced before the massive buyout yesterday in the market where it power trended this was the bounce into the tally thing in the market on the 9th and Lulu had a great run-up actually was teaching the wealth manifestation class this day you could have gotten a dollar you could have gotten two dollars you could have gotten two dollars out of Lulu in here into lunch at 12.30 and a tiny tiny tiny tiny tiny little move rally into the afternoon but this was a nice long in here around 11.15 again this is just not my ideal scenario it struggled in the morning let me take this off to get going but it still ended up setting up as a nice quality long in the day if you were patient but you would have had to trade it in the fly or wait do the numbers figure it out do the Iranian do it late again none of that is how I like to trade I want to have everything situated for the morning and have 100% conviction with what I'm doing before the EO open so I know what I'm doing now I will tell you though that this was not right it gapped up yesterday which is fine market gapped up yesterday fine but this sold off all day and not only that it almost a hundred percent retrace the the bullish gap from the previous day in a gap up when the market was power trending so this is not right I don't remember the reason for the gap today and actually got down today again not right but there was some reason for this and and when I looked at this morning I rated it it didn't rate well it fell hard again is holding now and flipped it went red now it's green I would not do anything with Lulu day and I got to tell you the interesting thing about the chart and Lulu is when I looked at this I expected Lulu to do something very very very significant on the day of the earnings gap it didn't I know it gapped up it ran up at 9 15 late it ended up setting up a day in the long of you waited and did it late but an ideal world it should have actually been more forceful earlier in the play in the day and in the gap and been better than it was which it was not and it should never also an ideal world have done what it did yesterday and today Tom is saying that the founder selling shares on Lulu that created the gap from today or the sell off from yesterday or both when was that news either way it's not right today what's its excuse for yesterday it's not right and when I saw this had the earnings out two days ago whenever we're looking ahead I really felt that Lulu would be in play on the day of the earnings in one of the directions whether bullish or bearish I never set up right for me the way I wanted it to be and the failure then from the last two days I've got to tell you was very what's the word interesting like if I was in Lulu which I'm not but if I was in Lulu long right now after what just happened here the last three consecutive days I would be questioning following through with this hire I'd be saying to myself that's not right I'd be saying that's doing something wrong you know how sometimes I say this isn't doing anything wrong to stay with it stay with it stay with it's not doing anything wrong even if it hasn't gone and broke yet or we're not up money yet or we're breaking even though we might even be down in the trade waiting for it to go with the stop holding this is not doing not only is this not not doing anything wrong it is doing something wrong it's doing something that's not right and that's what I would be saying and I am saying about the Lulu and I thought the gap wasn't right and now it's even more than I'm saying it's not doing something right and I'm not saying that it's lower for sure but I'm saying it's not doing something right to look like it's higher does anyone have any questions on Lulu at all I mean I didn't do anything with this or call this as a swing trade whatsoever at this point now Lulu is just sitting here doing nothing but as a day trade today it did get down and I and I did not call any short in this and you cannot buy this either and look it's almost now over the high this is very dangerous and choppy and this is the kind of thing that a day traders would look at and everybody in the world is doing something different with this today some day traders will short this today in the gap down some day traders will buy this day in the gap down or buy it with the market or buy it here in support everyone is doing something different here today you'll have an institution that is creating this movement today and I think that's part of the problem you didn't have enough of it going on in the two days before on the earnings on the ninth and then yesterday just really it's even more yesterday and then it's also today but it's even more yesterday that's concerning for the Lulu so something's not right here it's just not he just got a wink and again I'm not long Lulu in any overnight position but if I was I would say because it doesn't look right so this is Melissa with the stocks wish.com going over Lulu if you have any questions email me at Melissa at the stocks wish.com