 Welcome, this is Melissa Arma with the stock swish and reviewing the spy 1246 in the afternoon on Friday Really big sell-off day for this market interesting because when you look at it You know you think well after yesterday everything was great Everything was fine, and we had a low unemployment number this morning, and we gapped up this morning And that's all true, but this morning the training room. I predicted that we would fall today It was a question of time and it happened earlier than I thought We are end up doing a cheese sandwich which yesterday was the cheese and today's the bread and the day before is the bread We're sandwiching this green bar into the last two three days here And you know this looks really really ugly to be honest with you people the fact that I predicted this is just You know, I mean I just got the phone with With Shelly and she said you're great. You're really really great. I said, thank you You know the longer that you trade if you know what you're doing and you're focused on a specific strategy that works You get better over time and my intuition is not the reason for my success Well, I shouldn't even say that My intuition actually helped me create my system. That's the truth. That's the truth But my intuition is another level on top of the system itself So the system itself if you come and you learn and you trade with me and you do the class You will have the benefit of learning my system the nuts and bolts of it So you can put it to practice for yourself But if you're with me every day in the room and I tell you what I think every day in the room And if you're on the options newsletter, you will get that extra layer of my intuition Because I'm seeing things that sometimes other people don't see one of them was this the move down today the drop down That we've seen even here this week Again, I use the system. Okay, call the trades leaves the system did it But the fact is that my intuition is that extra extra thing where I'm saying This is what is going to occur and then it does and it really is like magic It really is absolutely my magic and I think one of the reasons the traders never develop that intuition for themselves Which is something that you really should try to do you should you should try to do that But you've got to focus on the right things If you're not focused on the right things, you're never gonna get a good intuition because you're all over the place and ultimately you're losing You don't want to be focused on things that are making you lose you want to focus on things that can make you win Okay, so what focus what do I focus on that makes me win and that is heighten my intuition? It's momentum Okay, it's selling momentum or buying momentum depending on whatever. I'm looking at and then it's also the gap itself The gap itself is a meat and potatoes that tells me that this is going to occur After I see the gap, so I'm not predicting the gap like I didn't predict the market would gap up today It did we follow through the rally yesterday when we opened today. I predicted we'd fall on the gap today Which is what we did. I said we're not gonna get this isn't gonna get bought Okay, and it didn't get bought and we did have good good numbers the unemployment number came out at four and a half It ended up dropping a four point two that was good But we had bad data on top of that as an overlay So it was mixed eight out this morning, which was that the jobs number didn't hit less people came back to work Overall as far as the jobs number it was a real big miss actually by half And so that's a problem and it's particularly a problem going into this whole thing with this new variant And again, where what does that mean? Does it mean the market's gonna crash? Maybe? It's too soon to say too soon to even say any event whatsoever So don't even focus on that just play what you can at the moment right now. We're playing this This is great. It did it. It's working. It's fabulous. It was a short Okay, but a lot of people went long yesterday Theoretically why you could have gone long yesterday and if you gotten out you would have made money That's true a lot of people thought the market was gonna continue and hold the strength and go back up to the highs I didn't see it that way and if people held on too long And they lost today and and people are trying to buy this right now I mean this is so silly that let's look at the one minute people are actually trying to buy this tip right now At 12 50 in a Friday afternoon after we tanked all morning and drop look at this people are trying to buy this right now This is not the right thing to do so the momentum right here is not to the upside the momentum today is to the downside Okay, do you understand how to make money in the market? You play momentum in the correct direction and that's how you do it But it's really the gap. It's the gap itself. It's the gap itself Let me just look here what the cues are doing Just just a great week But what what a great start December so we came all the way down here all the way down in this let's look at Apple That doesn't look too bad This fell This is tanking Facebook with your Facebook. That was a great short. I picked the right things this week. We could have done more We could have done more. I mean, it's just You know, you can't do everything We do we do what we can Let's look at this The one thing is BA is still hanging on by a thread And and again, there was good news about this here tanked here gapped up here rally didn't go anywhere fell this morning Trying to fall here now. This has got a break 195. It hasn't done it yet But again, nothing's gonna hang on if the market doesn't hang on So what's gonna happen? Well, we have to wait and see either this was it today This big sell-off that we saw that came all the way down here between 9 30 and noon 12 30 ish whatever where we started bouncing and this is it We're gonna rally all the way back into the clothes and recover by four or it's gonna go back down and continue today Again, somebody would have to step in and buy this institutional money would have to buy this to support it I personally do not see that happening between now and four But it could it absolutely could and one of the things about trading again You can never pick the low in a short You can never pick the high and along all the time correctly sometimes we get the great exits on things I'm often I do but not all the time. It's just the way it is you play to make money. That's what you do You do the best you can it's very difficult to pinpoint the exact exact exact best pine I have targets, but I have multiple targets when I'm looking at things So we'll see I don't think money is big money is gonna come in and step in and buy this today I just don't see it happening Friday holiday week everything, but it could I guess it could theoretically But retail traders aren't gonna be able to sport this today None whatsoever at all and they came in yesterday about the market. It was a dumb move in my opinion But people love to buy dips. That's not what we do and quite frankly It does not work if you are buying dips and that is your strategy. You're losing overall You're over a year Even a bullish market you can't do it in every stock all the time And you can't even do it in the market, which is bullish and in an uptrend So we're holding the uptrend here We're trying to hang on we'll see where we go in the next week If you're interested in more information email me and Melissa the stock switch calm If you want to sign up for the golden got class for the last class of the year December 18th and 19th Have a great day everyone. See you soon