 Hello everyone and welcome. This is Melissa Arma with the Stock Swooshing and Reviewing here the market Wanted to take a look at it here a holiday week Market at a big rally yesterday and ended up gapping down this morning And I'll show you that here in a minute. That wasn't a good sign for the market today Now here into the last half an hour the trading day the market is trying to get over the high from yesterday that would be a good sign of some follow-through with the market which we did not have in the gap this morning and Then what we will need to do and I mean, I'll just tell you this right now We need to get about tomorrow. So we didn't today. We need to do that tomorrow. So the last two trading days of the year are Friday and Monday and Monday is a half day because of New Year's Eve So the the full the last full trading day is tomorrow for the market and it needs to rally And not only does it need to rally and we need to open neutral from the close of today Wherever we close and rally or gap up The problem is even if we do that, you know, we'll be just coming up into a up into an area most likely But at least it would be some kind of follow-through from the market because we've seen very little buying very little follow-through For the last month. So let's just take a look at it. So we hear here. Let me just blow it up Actually here so this was the rally yesterday and This was not half bad we gapped up here yesterday fell tried to break couldn't do it rally Had the big rally and then fell here this morning We gapped down and then we started to break now if we had broken the low from yesterday There would have been really bad explain this on TV. This is the cheese This is the bread and today was the bread when we were red now. We flipped around. It's a good sign That you this is what everyone keeps saying. What do we do? When do we buy? Should we jump in? It's never a good idea to get in until you see some real signs of strength in the market And a one-day rally even though it was big is really not what I would constitute enough now If you're in the market long-term again, I'm long-term bullish on the market But you know for for a sustained movement to carry us up on on through this majority of the selling that we've seen for The last two months we really want to and to take us back up to the highs again We really want to see some follow-through So we might be getting in here and today into the close So 246 18 was a high from yesterday You know less than a buck here. Mark's gonna try to get over the high from yesterday There would be a good positive sign for the market and then a gap up tomorrow with a rally Buying that's what you really honestly honestly want to see But I still can't say for certain that this is it because the fact is that we've had such a steep sell-off Overall, we held the uptrend. It's positive for the market I think the market's gonna make an attempt here in the and I said this I said I thought we'd have a New York team rally and if we get over the high today And gap up tomorrow morning the market is gonna make an attempt to get at least back up neutral on the year To try to not have a loss on the year. So what do I mean by that? I mean the market open in the year. I'm looking at the spy here So we opened it to 67 84 It's not impossible. It's not impossible, but we'd have to have a pretty big gap up for that to happen tomorrow and Then we don't have even two trading days I know the market's gonna make an attempt market's going to attempt to come up back neutral for the year where we opened in between now and December 31st, it's a little late in the game here though really it's a little late in the game because I mean the sell-off that we had And then the retrace around was yesterday and yesterday was Wednesday because it was short weekend Because it's a Christmas so little late in the game, but the markets gonna try so it is gonna be a New Year's Eve rally A New Year's rally. That's what we had yesterday. We're fine through here right now here into the close So it's a good sign for this end of the year But I don't think we're gonna be able to get around the children the markets gonna try Marcus gonna try and I called it. I called it right. I said I said no to Christmas rally It's gonna be a New Year's rally I said it literally could be the last day of the year last couple days of the year and that's what we're gonna do So here we are gonna Looks like we're gonna try to get over the high from yesterday, so we need to get up tomorrow morning Yeah, here 246 is gonna be it 22 minutes left So Market's gonna push here. This is this is this is what I was talking about. This is what you want to see This is this is exactly what I'm talking about here. You want to see some follow-through You want to see some buying you want to get so you want the market to get some leg under it? Actually the market looks the best out of anything here Here's here's the the Dow ETF. This looks better than the spy Let's see this market can do something here in the last two days of the year But I think it's gonna be late actually let's look here and see if this is going to do that I know we're too far away from this. Yeah, Mark's gonna try but it's just Mark is gonna try to have a close neutral for the year from where we open I don't think it's gonna make it in the day and a half, but it's gonna try Depends how I depends how big we gap up to our morning. So having wonderful happy new year everyone and We'll see where this market takes us in 2019 But the volatility is here and it's here to today and you need to be careful If you would like to learn how to read the market how to read price action how to read gaps how to trade the market You can take my golden gap course. You can email me at Melissa at the stocks wish calm first class of 2019 is January 12th and 13th. Have a great day everyone. Here's the spy Over 246 over yesterday's high