 Welcome. This is Melissa. I'm over the stock social radio in the market. So the market gap down today was lower and Then right when the market reversed today, I mean you can pinpoint it exactly a non voting Fed member came out and said He favors only raising rates a quarter of a point the next rate hike, which is happening in a couple of days Less than two weeks today's Thursday. So again, it's not next week It is the following week that rates will be raised once again Everyone's expecting a quarter point hike But then when some of the economic numbers came out that people were thinking the Fed was going to raise the rates a half a point Why the market rally today when one person who isn't even voting said he thinks he should do it a quarter is Just based on emotion this market is purely rate driven based on emotion It's one person says they're going to lower rates of rallies if one person says they're going to raise Rates it drops. This market is so it's just like anything right now rate related affects this market So it's so it's so timid in its reaction. It's just like it's scared to rally It's scared to drop somebody says something it reverses So again, did was there really any meeting or any weight to anything that a non voting Fed member said today? Absolutely not but the market once desperately always always always to get bought into these dips into support So it rallied today, even though it was capping down So if that man had not come out instead of today with the market have fallen today or sidelined. Yeah, probably Does this mean we're gonna rally tomorrow? No, does this mean we're gonna drop tomorrow? No again between now and until my next 24 hours Somebody could say something that could flip the market again or can make the market go higher I could do anything at all. You've got to stay focused on what you're doing You have to size yourself correctly. You have to get out when you're up You have to look at what you're doing with your strategy and see if it goes with this market So I look at bearish gaps and I look at bullish gaps, but I mainly focus on bearish gaps So overall here do I think this changes my overall bias here for the market this rally today? Absolutely not So again people love to buy the dips we rallied today We pushed back took a look at the market today had my thoughts on it discussed it in the room But then as soon as we flipped I immediately looked up what the reason was and it was clear as day It was about rates so this market just wants to react so aggressively Every time somebody says something because it's hoping and praying and wishing and hoping that it will hold up and Rally despite some of the awful economic numbers despite the high inflation despite the fact that we're probably going into recession in The second quarter of 2023 some people think we're we're in a recession. We're coming out of it I don't even think we've gone in it yet Where I think we're heading into it deeper economic troubles for the overall economy based on rates going up I also think that they're going to end up raising rates a half a point in two weeks if there's more bad economic data and That's the way the cookie crumble. So we'll say we'll say good luck everyone Stay tuned. We'll see where we go tomorrow morning And if you're interested in more information on how to trade gaps email me at Melissa the stock switch calm