 Welcome, everyone. This is Melissa Armo with a Stockswish Review and Cost here with Philip. Good afternoon or morning or whatever it is. Quarter of 12, it feels like it's 3 o'clock in the afternoon, though. It was a long morning and cost is still in play, but God only knows. So let's take a look at it. Cost set up beautifully, came down, looked great. Everything's good, dropped, broke, doesn't hit through the low. Here's the entry. Could have added people are up, but what do you do? You don't want to get out there. You don't want to get out there because it doesn't make any sense to. And you could have actually taken a little bit off. I did say that, but, you know, anyways, it rallied up here, hell, this great looked again. Here you could have gotten out. Or you could have gotten out here because the time of the day, 10.30, if you have stuff to do and it got near the low. Anyways, here it is, here it is, here it is, here it is. Now look where it's lifting, but it still looks good. It's got to get more sellers. I don't think anyone with any power is buying this today, it must get more selling. It's the only way it goes. And the later you're in a trade, the more patient you have to be. It worked out yesterday that you were patient, but again, you never know then when should you get out? If this goes back down to 170.40 and you're at 500 bucks, should you get out? What are you going to do? The momentum at that time, isn't it? I think you got to time it with the market. I think you got to time it with the market here because if when Yellen talks at one o'clock, if there's a bearish reaction, you would want to stick it through. But that's still an hour away. I don't think this should lift over. So here again, this is the gap happening here. Massive bar. It's almost $10. You can see the way it traded today. The stock is weak. I mean, it pushed back, but this is like not even a third of the area into the gap itself. Not that that means anything necessarily per se, but I'm just showing you that it still looks good. It still looks weak. And it dropped and here, it's really at your price here. I mean, you're break even. You could kill it right now. You want break even. It is. Yes. I'm a break even though. Do you want to kill it or do you want to hold it? I don't want to kill it now. It's hanging on by a thread. It is. So what I also liked about it is the fact that it held the resistance. This is a baby support that it's holding here, but I think it breaks. If it doesn't break today, I think it does next week. But this is a day trade that you're in and you got to get out of it today. So you're going to get it out by four o'clock. If this starts to eat into the day, break through the low, which it hasn't been able to do yet, 170, 40, it could collapse. I can't, I thought that was going to break the low. I can't believe it didn't do it. What time was that? 10, 25, 10, 30, 10 o'clock. It went down to 170, 50, 10, 10, 20. It went down to the low again. Here, let's look at this 60 minute. I still think it looks good. It's just taking forever. What, you don't like it? If you don't like it, then kill it. I do like it. I do. I want to stick with it. I want to make it. Well, why are you frowning? So I just, well, I just wanted to move, move in my direction. Well, obviously. So, you know, that's why I'm sitting here forever. Well, you were sitting here up in it forever. Yes, expecting to follow through. Exactly. And it didn't follow through. And that's been the problem. But when you lose patience in something and it doesn't follow through and it pushes back, you can kill it then into the rally and get out 100 bucks profit, 200 bucks profit, get out, break even. Like I'm saying right now, you, you have plenty, right now you have a moment to make a decision here. You could kill this break even. You are not down in this trade. So the bottom line is that this is not an emergency. You have time to decide what to do with this. Things move slower later in the day. If you are unhappy about the fact that it pushed down to the low, didn't break it. If you're losing conviction, I'm trying to teach you something here. So you can trade by yourself when you go back again. You could, you could just get out. You got to still have conviction it's going to drop. What would be the reason for that here? If the market goes down, that's true, which we, nobody knows. No one knows. That's 50-50. Could go up, could go down. What else though? If it does go down, if the market does go down, this will fall. What else? What else would make you think that there's a possibility this could go down today? Still go down here in the afternoon on a Friday? Most selling. Just selling coming in. Right. Why do you think though that it would have more selling? It hasn't had a lot of selling yet here so far today. Some selling. In fact, let's just figure out how much selling it has had. The high was 171.89. The low was 170.40. So it's had $1.50 worth of selling. That's not a lot for Costco. It's some selling. Yes. It ran up to the high sold off there, held that number. But it hasn't had a lot of selling. Why hasn't had a lot of selling? Yet today, and it's noon. What did I say this morning is probably going to take a while to set up? I was right about that and wrong about that. I was right that it set up faster than I thought, but I was right in the sense that it was going to take a long time to go. Why do you think this hasn't gone full on yet? Because more institutional selling hasn't come in. Well, that's obvious, but I mean looking at the chart. You tell me. Because it did do something very dramatic in the gap, something very dramatic in the gap here. Remember, something in order to keep going on the live day to day trade it. But what's going to drive it more? Selling, the same thing as anything. Yes. But it's going to take time now. It's going to take time for it, because it did gap down $8. So it's taking a little time. Yes. It's taking time on top of itself. Okay. It is, yes. So it's taking its time. And that, so it's interesting because I thought it would take a while to set up. It didn't take a while to set up. It's taking a while to sell off. Yes. So that was in my mind what it was going to, I was thinking the 5 minute and 15 minute. Instead, it did set up very quickly on the one, but it's taking a while to sell off, because the stock did do something aggressive in the gap. And now it has, it's almost like it's in a rest period now, waiting to drop. That's how I'm reading the price action here. I'm not reading this price action as strong. You're getting frustrated because you're up 500 bucks. No, it doesn't seem strong. And now you're up like 50, but you know, it's still the point that you're up. So damn frustrating that the fact that it's just not moving, is it really? Of course, of course. But this is why we like to trade and get out real quick. And you could have got out there. It was just, it was just, the expectation was it was break. I mean, I thought it would break in there. It floored it with that number. And I, that number really is nothing. I mean, we looked at this in here. This is nothing. It's nowhere. Look, this is, this number is nowhere. Here's the chart. Look at it. Yeah. Looks great. Yeah, it does. Again, this isn't a gap that's going to change, change the trend in Costco at all. Costco is still very, very strong. This isn't a, a corrective gap by any means. But I think people are up money in this stock. The market is an unknown today with Yellen talking. And the markets had a big rally. So as it is, people are waiting for a pullback anyways. People are up money in Costco unless you bought it late in here, which some people here look, this looks good. All right. So where do you want, where are you going to, where are you going to kill it if it doesn't work? Obviously if it goes on to work and it goes, you're 45 cents from the low again, you're going to do what with it? If it doesn't, where are you going to kill it? If it goes into, well, two things I want to ask you right now, you have to decide and you can't decide at the moment. Where are you going to kill it? All right. Where is it set? It will set me 155. You're going to give it that? Yes. Boom. Okay. Now, where are you going to? Where are you going to get out of it with profit? Costco. If it goes down to the low at 170.40 and you're up 500 bucks, you're going to get out. If it goes down to 170 and bounces, you're going to be back to $1,000, you're going to get out. Yes. You're going to get out at 170 if it bounces. Yes. Okay. I don't think that's a bad plan of action. Yes. Judging on the way things have been going, yes. Now, let's try to find that number. 170. Well, here's here, one set, 170.25, but that's only 15 cents under the low. So that probably breaks it. Right. So here is the 170. Yes. But do you see how this looks good if it gets under 170? Do you see here? Yes, it does. It does. But you will be up 1,000 bucks in this trade. Now, let's go look at the daily. See, it does look good. It's really just, patience is so hard. All right, let's find the 170. Here, it's just, you know. Unlike the one yesterday, the OPK which sold off and you got out of that with profit in the afternoon and you waited it longer to get more out of it and you only got what you got out of it. This full-on momentum has not come in yet on the live day like it did with OPK. OPK had to sell off hard into the first five minutes of the day, 15 minutes, whatever it was. This did not. This sold off. This held the high. It dropped. You were up at 170.40, 500 bucks, but a big sell-off did not happen in the morning in this. It doesn't mean it's not going to, but the potential for the big sell-off to happen in the afternoon does exist in this. OPK got tired, did not sell off. The potential for the big sell-off does exist in this and particularly if the market falls. But I think you got to kill it at 55. And I think if it goes to 170 and you want to get out, I don't think that's a bad decision whatsoever. I do think Target's going to end up being the good one for you. Let's just go look at that quick. It's fine. It did break the loan here by two cents, but it's still a really sell-off hard. In fact, this doesn't really count. I mean, I still see this lower to begin with, but it still doesn't really count. It's 27 there. Target's nowhere. Nowhere is it going to be anywhere until after she talks. So you know what you're doing. I do. And you're going to stick with that. I know. All right. This has been listed with the stocks. Wush, let's just look at one more chart here, the 60 and the 50 at the 30. One, two, three, four. One, two. Or did I tell you a 55? I'll just look at something here. 171.15, 171.89. Hold on. 37 plus. What is that number? 171.52. And what did I tell you about the stock? 55. I'm so, I'm so good. I got my brain is like a computer. Yes, it is. I don't know where I got that. And I look at that. It's just my eye. It's my eye that did that. Okay. Good luck, everyone that's in this. Philip has a stop at 171.55. Tight stop is 171.35. Good luck, everyone. And we'll do a replay at the end of the day after four o'clock. We'll see what this does. And then the market as well after yelling talks. This is Melissa Armo with the stocks. Wush, have a great day, everyone.