 Good evening everyone and welcome. This is Melissa Armo and I'm here reviewing CMG. This is a bearish gap down That's happening live tonight, and I got to be honest with you. It's a good one This is an expensive stock. That's true. It's had its share of problems I've called so many options trades in this. I just even don't even remember how many anymore The fact that the stock is breaking once again is not even remotely a surprise. Look at the chart Look at this chart. In fact, let's go back even more No, I can't This is a crushing gap for this stock and like I said, I'm just not surprised So this is a top watch to the downside for tomorrow Wednesday again. This is happening at night Let's look at the live gap right here. Look at this Four o'clock kaboom. In fact, the low in here was 290. This even looked worse a little while ago So a very very bearish gap here in CMG and like I said, it's had its share of problems The stock has been falling and falling and falling and falling and I have no idea actually where this opens tomorrow morning because that's such a long time away and you can see the stock bounced and actually at the high up here and the bounce was almost a $7 bounce so tomorrow this could be under 290. It could be back over 300 again It's a long way away to even see but as of tonight if this would be the open tomorrow around 294 for CMG at 930 in the morning This looks like a nice bearish gap I did not rate it yet per my system but I can tell that it's going to rate over 20 points per the 26 point rating system and that's how I determine what I'm Going to watch every morning whether it's one thing or two things I I did see a bunch of things out tonight So I will rate all of them and again I want to just double triple check this to see where it's in the morning But this I I really have a high level of conviction that this will drop on the day no matter where it opens The stock has been struggling. It has been falling particularly in this kind of market which were in a bullish market People do not want to hold on to stocks that aren't performing and CMG I mean It just isn't cutting the honey mustard here If you can just look from the summer Just the summer of this year from june Okay from this gap that happened just here in june, which really if you think about it was not that long ago June and july july august august of september september october four months So four months That's about right because 6 20 6 20 today is october 24th The high here was 4 44 60 on the day of this bearish gap on 6 20 Gosh knows where it'll be tomorrow But what a collapse Not a 50 loss in value but 150 points You know a loss in value. That's nothing to sneeze at I mean this thing is just really really weak So i'll be watching this tomorrow. There's a couple other things like I set out tonight and there'll be more tomorrow morning, but You can look at where this opens in the morning. This looks like a nice short tomorrow Whether you do a putt whether you buy a putt whether you do a day trade in it Chipotle is down So have a great night everyone. We'll see what we get Tomorrow and the rest of the week nice to have some quality shorts though to wash for tomorrow And we'll see how we do Email me if you have any questions Or if you want to sign up for the golden gap course and learn about my 26 point rating method. Thanks everybody. Have a great night