 Good afternoon everyone and welcome to the stocks will show Postmarket review here of LL This is gapping down. This is happening live right now at 541 eastern time. Boop. There it is all on its glory and Why this is really tanking isn't it? So the stock closed, okay today Let's go over here Closed at 70 40 it's now at 57 dollars And there you have it So this is going to work tomorrow as a short. This is a good gap. This would rate according to my system I have not rated yet. I like to do that in the morning, but I have been looking at stuff at night. I typically do Uh, particularly during the earnings season I just give it a look see and see if there's anything good for them already get revved up and excited But I do really really like this gap. This gap will rate good enough to do Now the thing is that it has so much Going on in it here that I don't know where this is going to be at tomorrow So I have to look at the exact targets at this tomorrow morning because I think this could continue down even still Maybe that it could open tomorrow way below where it's at right now And that's going to change the targets on this But just looking at this right in here. You can see this is the target for uh, this is this is a target in here I mean, this is a target. This is a target the stock could get to tomorrow Because I don't know where it's going to open tomorrow morning and it could open under 55 and then here's the target So it really depends where this thing opens in the morning if it gets down to that 48 50 area It's really like 49 40 between 49 and 48 ish And another another good, uh, trade for longer term If it doesn't get down there on the day the stock can have big moves in it though I will say that if you look back in here and some of the big bars that the stock has had The stock can move this bar right here is $10. I mean when a stock is rallying It's rally rally rally rally rally and it's having a lift and the stock has had a nice lift this price up here The stock at one point. I think was up around 120 ish Yeah, look Within two pennies Anyways, when that happened up there the stock the stock trades like it does at a stock That's over a hundred dollars price point and this stock really moves Really really really can get going the fact that it's down here now at 57 today doesn't change the way the stock Moves and trees that's what a lot of times happens with these like I'll have a price a stock at a Expensive price point. It'll trade it'll really have big moves that could be spreading could have big stocks But then it'll take a dip But it's still going to trade the same as the essence of the stock and you need to know that So the fact that it's down where it's down right now tonight and looking for the move tomorrow It doesn't mean it's still not going to trade the same as this normally trades Because because this trades this moves. I mean this thing moves. I haven't traded this for a long time though I've been trading this for a long time But this stock is going to have a big move in it tomorrow I just Don't know where it's going to open in the morning That's going to determine what this does and of course the gap rating which I'll do in the morning But this is a good short So i'm putting it out there for anybody that likes this here Or wants to do this. This is a bearish watch for tomorrow. Absolutely 100% And it's good So the question is is it going to go to a bigger target? Or the dream target or is it going to be a snail? I mean one of it I think with earnings season here and upon us which i'm so excited and happy for Things we're going to go to bigger targets. Things are going to have nice red stretchy long bars Things are going to do that and it's really up to you with your personal money management Whether or not you want to hold something to the target or hold something to the bigger target or Or or take something out for a quick scalp trade I think this is personal money management decision how you want to trade for yourself But in order to really get the most bang for your back some of these days where these gaps are good You got to hold them to some bigger numbers and it means holding some back through a rally and the the only way that I found around that really to compromise is Looking at the targets looking at where I know the entry is where I'm taking the position and then peeling out of some And holding the rest down for a bigger target I think that's the that's the best compromise to be made here with these Otherwise you get out of the whole thing it drops to some bigger number You don't get the huge trade and if you hold it for the whole trading It doesn't go then you got to be okay with taking a stop out and there's days that that happens and I And and you know, I just know that this is going to be a good month for selling Even though it's summer, you would think gosh well, how can things go in the summer and how can they move and have big moves Because people don't stuff they don't stuff when it is just not performing The question is do what are they done? And this is where you have to know what to look for and what is good and what is really out there So ll is a good bearish watch. It is a gap down It is a short a hundred percent a hundred percent conviction And actually while I'm talking about this, I'm gonna I'm just going to blot right over here to this bbby And I'm going to talk about this I think tomorrow in the live trading room bbby is a short and someone was in the room the day I was doing this bby the day after and I don't remember exactly when It was back with the gap in the end of june calling this is a long and it is not a long It was not a long then it is not a long now. It is not a long and I spoke to someone today a trader today that said someone out there in the net that does a lot of stuff It makes a lot of calls was calling. This is a lot. So traders were going long this But I shorted this not a good day in this I shorted this gap on bbby that happened back here on the 26 It was a great gap The stock has rallying now, but the stock is still A short and in a downtrend So what many people look at when they look at these and they say, oh, well the stock's got down the company's good I'm going to guess That this is going to get bought or predict that this is going to get bought by Institutions or people because they like this company that's a strong company or whatever people say But that's a guess a prediction without any information In fact, the information that's there is telling you that this stuff is a short and it was a short of the day And yes, it's rally back, but the trade to take is not the rally back. It's the short. It's the correct directional bias And what I do extremely well better than absolutely anyone out there is Directional bias correctly So much so that I do not deviate in any regard in trades and I take or risk In something that is in the wrong Directional bias of the chart and what's the reason I don't do that I don't do that because at any given point in time you could get completely clobbered By an institution taking you out if they happen to want to get in and stomp into the position and get into it You can call it a footprint You can call it power money You can call it whatever you want whether it's institutional buying or selling But at any given point in time that could come in and wipe your trade out and blow through your stop by the way And it just doesn't make any sense. It doesn't make sense to guess what to do It doesn't make sense to predict what to do I I don't do that and look at the information that I have the information I have at the gap and I read the price the current price and the information in the gap And that's what I do and then I say this is meeting this criteria And I'm going to do it and so even though I'm looking in the future for an advance when I'm saying something's Going to go to a certain area work in a certain direction. I'm looking at what I have right now with the information I'm not making a guess. I'm not guessing that people are going to buy BBY because they like the company I'm not guessing people are going to buy this gap down. I'm not predicting something like that It would not make any sense and it does not make any sense and actually BBY is a good short still in here Right in here right in this area And it's still heading down Now if BABY decides that it wants to be bought by institutions and people that believe in it again And want to buy it because they love the company whatever reason I'll see it at the moment that it happens and it will be bought But this idea of buying stuff Making predictions or making guesses or buying stuff into support that is not Doing anything to tell you to buy it at all And by someone just making a guess a prediction is not a good way to trade It's not a good way to trade So I'm very strict with the method that I do in trading things in the correct manner And they they don't all They aren't all good meaning that they don't all meet the criteria Of the gap downs and if the gap downs don't meet the criteria, then I don't do them I'm not flipping them. So in other words, if I have a gap down that rates poorly I'm not going to buy it Because it would rate poorly as a short instead of shorting it. I wouldn't short it, but I'm not flipping it and buying it Okay, but actually BBY rated good as a bearish gap and it was a short and I shorted this at a good day So The point I'm trying to make is that there's so much stuff out. They're telling people what to do much of it is guessing or predicting But no, that's not what I'm doing. I am not predicting anything here I'm telling you that the stock is a short That the chart of the stock is broken The stock is lower Whether it works as a day trade short tomorrow or the next day down or it takes a week to break and go to some bigger number Like the 49 48. It's a short. It is no planet A buy so I'm not predicting anything. I'm reading this and I'm saying this is a short This is absolutely a short for traders Because I've seen what's happening. I'm not predicting or guessing I'm not guessing people are going to turn around tomorrow and buy this Okay, I'm seeing the stock is having huge massive Selling that what do you think this bar is here this bar? This is a this is selling 70 44 the low of this bar. This is one bar here With 275 thousand shares in it that happened here at four 15 and 15 minute chart This is one bar here between four o'clock and four 15 eastern time The stock got clobbered the stock just lost 11 dollars down in 15 minutes That is selling pure pure pure pure huge massive selling. This stock is not anything to buy Nothing Let me go look at this over here here. You can see it Selling There it goes Okay Is the only thing that makes something happen like this is a duck Because it's too fast too much volume too much going on too much too quick too big too huge It's selling Okay Now that happens and sometimes the stocks that get down and then they don't rate according to my criteria And then you don't short them But that's why I have a set of criteria to know that it's going to work as a day trade To know that it's going to work as a day trade and I'm reading what's happening here in the overall picture And it is so important to do that and so for people out there that are fine people are making guesses and predictions Whether you're seeing them on television on the internet or wherever you are Know that your guesses and predictions that don't have a basis and something that is Immediate information I'm taking the immediate information making decision And that's why I'm extremely good at reading stuff into the open in the open in real-life time I'm seeing something that's setting up in the real-life time I'm seeing it and I'm seeing it real-life time of the gap right now tonight and tomorrow morning And when I trade it into the open and I'm seeing it and when I make Targets for longer term targets. I'm seeing it out there in the longer term But that being said something could change between now and then if the stock for in other words If this stock doesn't get to 49 or 48 by tomorrow And something would change in that stock chart before it would be able to have a chance to get to that number I'd see it in live time That's the difference between being an active trader when you're in the market every day Which I am every day every day every day you always got to be there you always have to present You always have to see what's going on things can change and you have to know what to look for You have to know what to look for and I really really really do Really know what to look for So this is a good short absolutely a hundred percent here ll tomorrow And I have no idea where it opens in the morning, but it's probably not going to be at this number So I think this gets another push down here But you pretty now in tomorrow morning for surely it's probably opens tomorrow under 55 Probably opens tomorrow under 55 And even if it doesn't work tomorrow is a day train, which is exactly what I'm going to watch it to do to Short this chart is lower Okay, so you can not buy this So this is melissa with the stocks which calm good pick here for tomorrow If you want to watch ll as a day train to short it rates good I don't know what it is yet. I'll look at it tomorrow morning And I'll see this set up sending where it's at It's definitely definitely probably going to open lower than this right here now tomorrow morning Good luck everybody on this nice trade here tomorrow. This should set up for for us in ll If you'd like more information email me at melissa at the stocks which calm have a fantastic evening everyone They'll see you tomorrow