 Good afternoon everyone and welcome. This is Melissa Armo with the stocks question I wanted to review IBM and I wanted to go over this because IBM is a really really good example of how when us when it when it When a stock okay, or an ATF any chart changes trend It can happen very quickly very fast and do what I call fall off a cliff in the case of IBM because IBM is in a downtrend, okay? so There's only three trends bullish bearish and neutral stock can only be one of the three It's very rare that something would ever ever ever be in a neutral trend Okay, it's it's sometimes but it's rare Anyways, IBM is clearly in a downtrend and I point this out because I just want to show you the power of something when it comes in And wants to go in the direction Whether again, it's bearish bullish, but in this case here. We're looking at it as a short So IBM fell very hard. I mean went to the dream target here this day back when it had the earnings 719 Low on that day was 146 71 fell all the way down to almost 143. That's amazing So so literally okay, the high here was 150 25. It's it's gone almost You know seven points Just in a week and a week and a few days really this was the 19th 1 2 3 4 5 6 7 7 days took to get down Okay So where is this going to go? It's lower. Okay? I Wouldn't take a new train here. You're either in the put options I already called or you're ready in the swing trade or you did the day trade with me back when it first got But I mean you can see here how broken this chart is now and it really looks like 140 is well within sight and If you compare this to the market, she'll quickly look at which the market is in an uptrend. Okay Let's go to spy It big big difference here. I mean huge massive difference. Okay, so it's really important to understand how to read long-term trends And it doesn't matter even if you're just a day trader It's important because it helps you pick quality picks. Okay, and also know when to hone something take more risk Where to get out? What are the targets? Okay, so I teach a class which is a trends class I only do it a few times a year I am doing it this week tomorrow August 1st if you're interested you can email me if you want to sign up It's it's a class that actually teaches you really how to become a better day trader And it's very important if you're doing options trades or swing trades to Email me with more information if you want to sign up deadline is July 31st today Or you could even email back tomorrow morning the class is tomorrow August 1st and You can email me at Melissa at the stocks wish calm if you'd like more information. Thanks everybody. Have a great day