 Good afternoon everyone. This is Melissa with the stockswish.com and welcome. Thought I would do a market review I have not done a market review in a little while And I think it's important to do it here now today because the market has been a hard For a lot of people to trade I'd say the last month month and a half. I've been reading it very well Simply because I know how to re-gaps well. So I've been reading it very bullishly now the day that we fell down last week On Thursday even I was a little surprised how deep we came in But then when I saw where we were at then the morning of the 8th I realized that we were gonna hold and that's exactly what we did and I wasn't really that surprised because the market is Bullish the market is in an uptrend and I know a lot of people thought we're gonna fall off the planet here It would have been fine by me because I loved it short, but the market just wasn't gonna have it The interesting thing was I expected the market on this following day here was Friday to actually gap down But we didn't when we didn't gap down and then also I didn't find a lot of gaps I was in love with Friday. I knew that the market was gonna hold So it was like a lot of things going on one It was raining on my gaps and I didn't like anything Friday and then to the market wasn't gapping down Which I felt that it really should have based on this sell-off on Thursday and also the area Do you see this bullish gap back from here? The low is 8135 and where we closed here on Thursday was 8137 that is utter perfection in the market This gap here is holding and what is this gap? This is a bullish continuation gap in the market and clearly it's holding because you know what if the market Would have come in all the way down and here it could have and that would have still been fine, too We still would have been in a bullish uptrend It would have been a deeper pull-in, but the market didn't do it and isn't doing it and isn't going to do it And I even thought today we possibly actually I thought even Monday Monday or Tuesday I thought we possibly lived higher already start to make the move up. We are we rested here Monday. It was a holiday Even though the market was open and then we traded very green today The interesting thing is the way that we traded today was very sloppy Because we rallied up first Fakes like we were going lower at 10 o'clock, but didn't do it which I didn't believe because the fact is I knew we were bullish Ran up broke out a new high here This is a 1015 came in and triggered on a sell set up again here But there's no reason to think this is gonna hold why again the markets bullish I had made a new high here and didn't fall through in this sell set up Which it should have if it was gonna come in one more area on the daily But it didn't do it came in here and this is just sloppy because you see how this made this pivot here But again retested an area retested an area of what an area of support This is support on the 15-minute chart this area here around 82 20 ish came down here We tested it and here was actually a goodbye in the market here at 1 30 in the afternoon 130 into 145 reversal time into the 2 o'clock you could have bought the market stop here under 82 20 For follow through we didn't really go much of anywhere today But I think tomorrow the market's going to trade higher and be bullish This is a nice hold in here for the cues nice scoop here up to the upwards direction Nice hold here in the 15 minute I'm saying it's been very choppy for people because it's been hard for people to get any Volatility and momentum just looking for strategies that are looking for the market or any trades that you're need the market I trade dapps So I'm lucky that I know how to do that because if I didn't If I needed a strategy that I needed the market to get the directional bias correct for my trade It would be a very choppy last month And and last week was actually a really really good week So we'll see what this week brings, but the market is bullish. There's no doubt about it We're going to follow through and actually trade higher into the close at the end of the calendar year this year in 2013 I don't see anything stopping that now and if the market wanted to come in here in the last few days and Fought through with this rev art could have did it it didn't and not only that it held this bullish gap back here That was from the 18th an absolute utter perfection. So again, I love to read numbers. This is how I trade I read price action when I make determinations and I read gaps specifically the gaps helped me determine what to do with a stock chart that's how I know what direction to trade something and The QQQs are holding beautifully in the bullish uptrend and when they do break out over this area I don't know when this is going to happen But I I think it's going to happen in the next five to seven days when the market trades over this area here of eighty three forty eighty three fifty It's going to have a big big rally And so I think this happens in the next week It could even happen this week because we're getting really close to it We're only a dollar away and that's really nothing to the market A lot of people think this looks topping. It will be broken broken to the outward direction higher If you don't short tops as a trade, it's just a poor way to trade You trade with directional bias you trade and read the gaps you follow through and trade in the direction of the gaps and that's the right way to trade and enter trades and Here it is look at this chart. This is all so let's actually look at the whole year Here's the year now you see it. Everybody says oh we're extended. We're not extended. This has been a nice consecutive move gap up consecutive move gap up consecutive move gap up pull in here Gap up gap up beautiful follow through here ever since really this was July Incredible beautiful moves Rest higher come in higher come in higher come in higher higher higher come in And this isn't even really big pull-ins That's why I was saying we could come all the way down here to 80 and still hold but it does not happen now We're setting up to break out higher Into the end of the calendar year 2013 almost almost over it's hard to believe So this is Melissa with the stocks which commas is a QQQ market update for November 12 earnings this month and I hope everyone has a terrific trading week if you need anything if you're interested in the next golden gap class It will be December 14th and 15th. That will be the last golden gap class of December of 2013 I'm doing one more class this year December 14th and 15th if you were interested. I would suggest a pre-register Since it's going to be the last class of the year My email is Melissa at the stocks wish calm. Thanks everybody. Have a great day