 Let's take a look at some of the biggest movers in the market right now. You can see Nectar Therapeutics Well, that's leading the S&P 500 up 11% right now positive news on a key treatment for tumors Advanced micro devices up just under 2% after announcing a partnership with Samsung and Tom White will join us later to break down the details on that deal on the downside Centine is down about 10% after Jimana said it won't be making a bid for the company and look at the casino stocks There's MGM and when both are down is the US China trade tensions continue Hanging over this market and you can see those names are down in particular Well right now we're speaking with Melissa Armo founder and owner of the stock swoosh Because she is feeling a little bit bearish these days You actually are saying do not buy the dips this summer. No, I not absolutely and I were read today to signify the shorts Because today the market fell we've been in this kind of setup where we'll gap down in the morning We'll have a fake rally and then we'll drop them one of closing lower. That's what happened Friday That's what happened a bunch of days last two weeks and now today We'll see where we closed but people are getting Killed because they are buying these previous support levels which did in the past hold They did in the past hold however right now we're in this environment That is very volatile and expect the volatility to continue pretty much probably for the rest of the year But this summer the market is ruined as far as I'm concerned and will not make brand new all-time highs this summer It's not gonna happen. What are you so you know you wrote in your note to us saying smart money is not buying this market That's right. So what's the smart money doing? I know you have a stock pick that might weather the storm here But what's the smart money really doing in this kind of environment? First of all you have to look at the environment that we're in we were talking about Thursday night The market fell post market in the after hours around 8 o'clock when Trump came out and tweeted about the Mexican tariffs Yeah, and because we have all the Chinese tariff issues going on when we know things like that and talk about smart money So people understand when I'm talking about money. I'm talking about institutional money. That's big big hedge funds big big traders I'm not talking about retail traders. I'm talking about huge positions that move stocks So if you are wanting to to follow that money and you're you're the smart money You're saying wait a minute a tweet can come out at 8 o'clock at night and move the market like that right back off Okay, and that's what people are saying because even though people like to invest when there's first of all funds can shorts Just so you know so people are taking short positions But second of all also you don't want to lose and when you have that much money on you can't be as nimble as an Active trader so you need to be certain of the directional bias if you're taking something right now There's too much uncertainty people aren't exactly sure where we're gonna go from here and when these tariff issues are going to get resolved So you mentioned cash and you mentioned shorting you said even Facebook would have been one that you would have shorted How about now it's sold off. I mean what names would you short? Well, Facebook today was a short as a day trade it opened and swished right out of the gate fell huge today And again, so did Google all of these things. It was another problem for this year We said at the beginning of the year the FTC is coming out and they're going to investigate these tech companies And when you look at the market, they move a lot of the market So if they can investigate and they have all these anti-trust problems Well, what's gonna happen then they're a big part of the market Apple tuna Apple has been hanging on but overall I bet felt that Apple is lower and so when you look at these stocks, you say well Gosh, it's so hard to short some of these companies because they've been beast beasts in the market when you look at 2016 2017 and 2018 people made a money a lot of money going long these tech stocks But it doesn't last forever and the short side won't last forever. I wonder if it's gonna change, you know, in September or December And next year. I mean right now, you know, you sound so cautious, right? And very Do you think that's gonna change? I mean does it get better? Well, we'll get better if For some reason, maybe the Fed will lower rates Who knows that would maybe show some optimism a little bit or what if one of these issues gets resolved with tariffs now The way that I'm looking at it is that as far as the the Mexican tariffs go I would hope that that can be resolved I don't really know if that's gonna be resolved soon a lot of that has a lot to do with that stuff that's going on with immigration That's more of a political Political tactic that Trump has taken with that as far as the Chinese tariffs things I don't think that that's gonna get resolved in 2019 But let's just say it does get resolved whether it's 2019 2020 2021 whatever it does get resolved I believe the market reaction will be very positive Remember a couple months ago people were saying oh this is gonna be a sell-in-the-news event when tariffs come out I thought to myself no it was and I didn't think that them when we were up at the highs And I definitely don't think that now because it would be positive once it get resolved But nobody knows what it's gonna get resolved just like nobody knows when Trump is gonna tweet something that could affect the market in a Positive way or a negative way. Nobody knows. I mean, he's definitely as a market moving power Talk about Disney. That's one that you like you're to date. It's up 20 percent. We have Disney plus You have the theme parks is all about Star Wars. You have movies What are your thoughts on Disney? It's up 20 percent so far this year, but you think this is a momentum player It just keeps going I like Disney that when you look at Disney and you look at the again I do a technical analysis, but when you look at the chart of Disney and you look at the sell-off the markets had from the highs of May and you look at Disney you say wow Disney is holding like a rock now I'm not saying Disney doesn't fall from here because again I think the overall market is is drifting off So Disney might drift off a little bit too, but I definitely would not short Disney if you absolutely are desperate to go Long something I would say Disney is very very strong. I like it. It had that huge move when they came out They're gonna end up owning a big chunk of Hulu They're they're creating all this content for themselves And I wouldn't be surprised if Disney does make a new high and Disney can make a new high in the next earnings Even without the market Disney doesn't need the market and that's what I like about specific things right now If you're gonna go long something even if you're gonna short something But if you're really gonna go long something right now, it has to be stock specific There has to be a real reason why you love this thing and you want to buy technical fundamentals all of it And Disney's got all that going for it and it's held up well with the market falling. I believe that it will I believe the number for Disney is 200 and even though that seems very far away right now It could do it overnight in the gap It could do it on one or two more earnings calls Disney is strong and I like that stock and I just love the way It's held up with the market falling even today market gaps down Disney's like oh, it's just kind of sitting there Right, it's true. Yeah, it seems to be somewhat recession proof. Yeah, when you're doing all your charting I know You're watching stocks closely for support levels or whatever is there anything else you're keeping a keen eye on do you have like five Stocks that you're following closely that you're not recommending but what stocks you you wake up in the morning You check them first which ones you well I do check the tech because a lot of it was Mark I check Apple because it's a big percentage of the QQQs I check the the tech stocks I check Google I check Amazon But I also check the banks and here and and I was listening to your previous guests talk about banks I gotta tell you likes them. No, I don't like them I don't like them. I disagree with them. I'm sorry to say I Definitely is one of the things that's making me think that the market is lower because when I look at these banks I say gosh they look not so good regionals Well, again, he didn't want to say exactly the names But when I look at the big ones the big boys Goldman Sachs JP Morgan Chase City Bank Wells Fargo when I look at those charts I say uh-uh-uh-uh I would not be buying those stocks right now when the banks are lower It's really next impossible to have the market hit up over the highs You're not gonna have the market at new highs and banks like this that the banks are down. What's you know? We're what's gonna be? Right at what you're saying. Yeah, all right, Melissa Armel Founder and owner of the stocks who's freaking it down and looking at some of these technicals coming up next Thank you very much coming up next. I'll sit down with the CEO of Soliton to talk about the company's latest FDA approved tattoo removal device You