 Good afternoon everyone and welcome. This is Melissa Arma with the Stock Swoosh Happy Valentine's Day everyone. I am doing a market review because I'd like to do these in the weekends when the market's closed and my brain is 100% relaxed. So let's take a look at the market. I'm going to look at the spy today and the reasons I'm going to look at the spy is because that overall, just if you look here at the back the last six months, yeah let's look at the spy. The last six months of the spy has had a harder drop down than the QQQs. So that's why I want to look at this. Now take into consideration the spy made brand new all-time highs in 2015. The QQQs did not. So you got to take all of that into consideration. Also the spy retested the anomaly day twice. Hell, the QQs did not. So yeah this is the right chart to really focus on right now to see where we're going with it. So I've been watching this, watching this, watching this since the beginning of the year. The year opened here January 4th. We gapped down. We gapped down fell, retraced ourselves into the close of the day, gapped up the following day, couldn't hold it, gapped down. Ever since this day the gapped down, actually this is this is a number here. Oh my Lanta. I've been saying 198 and there it is. Yep. I can't make this up. I tried. Anyways what we need to do is and luckily I don't have to make it up because it's right there in the chart and I just know what to look for. What we need to do is get over this number. Over this number 198. It's again remember supporter resistance are areas but the resistance now that's going to take us back up where we need to go that people are going to start believing and getting conviction in the market again is 198 and of course 200 will help but once we hit up over 198 we should just go right to the $200 number. We will still be under the 200 per moving average of the daily chart of the spot. Does that matter? No. Why? Market is still in the uptrend. I'm the only one probably that's calling it that way but the fact is we are and so we will eventually if all things stay the way that they are get over this number. Now what makes me say that we will do this sooner rather than later given the drop down in the last month many many people probably don't believe me but I'm telling you this activity that's happened in the last week in the market this was yeah Monday Tuesday Wednesday Thursday Friday was bullish. I know it seems like it's not but it actually was more bullish than bearish so if I have to read the trading action of the last week it's telling me bullish why because we had a gap down here that failed to go lower on Monday the 8th. We gapped up then the following day actually the day that we actually did this here and did the close on Monday we rallied hard into the close held held okay could have broken and fallen off a planet that day didn't do it. Now this day here we gapped down but we rally big rally big couldn't get over 187 but then the following day we did open rally that day couldn't have we didn't have a fall through but we did have a big big rally on this day in the intraday then we fell this was Wednesday there were some people talking made the market fall into the afternoon following day we fell again gap down fall through from the previous day of the Wednesday into the Thursday but we didn't go anywhere again you see this we went nowhere fell drop broke rallied again held held the anomaly day held the area held the support so buying at every point of the way is coming in what it means to what it means to the buying is coming in and the selling is not following through this is not what I would consider paticking action institutional selling I don't see it it's not happening there's no follow-through this is actually bullish I'll sell off in here a gap down here then a gap up here the right behind the Friday is bullish action so this is bullish to me even though we don't have some massive green body bar day and even though we've fallen since beginning of the year this is a reversal of this drop down we should see some follow-through here but we got to get over 198 and that's you know not crazy far from here but it's you know we got a rally we got a rally and continue and rally and keep going so we should have the rally into the rest of the month of February but we'll have to see where we gap on Friday remember Monday's a holiday the markets close it's President's Day Tuesday we open we'll have to see what happens I think actually would be good for the market because whatever happens overseas will not affect us then which sometimes happens Sunday into Monday we won't have that because Monday will trade in other countries normal so we rallied a lot on Friday after we gapped up we fell and then we rallied and I knew that we would support ourselves on Friday so and we did it and you could have bought the market Friday and it was a gap up was valid by so all in all it what what I would like to just what I'm interested to see what I'm very curious to see and I guess I'm gonna find out is can we get over 198 and 200 before the end of February that that's what I would like to see happen in ideal world the market recovers without a shot of a doubt trades over and above and beyond through this area by the end of the month that's two weeks that's more than more than enough time that's plenty of time that's a lot of time some people will still read that market as bearish and will short into that area reading is resistance but it really isn't you could you could say it's a temporary resistance but I'm not even looking at that like that I'm just looking at an area that the market needs to move above and beyond and if we do that for the end of the month it's it's good it's good for the spring to have a very bullish spring and and then we should make a new high still if here this is what I'm predicting if we can do this if we can I don't know if we can if we will if we can if we can get up to this area and over this area and up to this area by the end of February March and April could be you know nice fall through months for the market to make new highs whether they happen in March or whether it happens in April I have no idea but one thing's for sure whenever it happens it is going to be swift and furious that the market will blow over the numbers every blow number I had has been lowered because I never thought we drop off this bunch so the blow number really is 215 215 210 210 210 which is not even the previous high 210 is really a new blow number so we get over 210 we should blow over the high of round 215 ish and continue up to 225 which were some targets that people had in the market last year that we never got to just ran out of time ran out a year and then we open the market down and we've been falling all year but not really remember I like to short I'm very good at shorting what does that mean it means I'm good at spotting weakness as result of me focusing so much on shorting I've learned to read strength very well as to so the benefit of getting good at one thing is you often get good at the other thing too so I'm good at reading weakness and as a result of that I've gotten good at reading strength too this is showing strength here in the market okay and this is not weakness so you've got to look at it read what the institutions are doing make sure that everything lines up reading trends in the market or stocks has nothing to do with lower lows and lower highs and higher lows and higher highs if it was that easy to make decisions about trading trends we know and whatever lose any money actually I just write a program and sell it and we'd all make money but then nobody would really make any real money because there wouldn't be any money to be had so at the end of the day how do I do it gaps I have a method of strategy it's a 26 point rating system and golden gaps I'm doing a live webinar Tuesday night if you'd like to come at 5 30 Eastern time in the next golden gap class it's February 20th and 21st this is an amazing call I've made for the market to still make a new brand new all-time high and still do it really at the beginning of this calendar year I'm not talking later the year I'm talking still beginning the calendar year could do it even after the fact that we dropped off into the first part of the year and but I'm telling you we didn't go anywhere and I knew the anomaly did what hold me did we held and every time we go down there and hold I say oh my lanta and and then when I see this here this action and specifically the action from the Thursday and the Friday I say whoop whoop this is actually bullish email me at Melissa at the sockswish.com if you'd like more information and I will do probably a lot of market videos in the next two weeks because I really want to see what happens but I'm telling you don't be surprised don't be surprised if when we get to some of these numbers I'm talking about 198 200 and really 210 is the big big big big number we can have like almost a straight-up action here let me just see if I can find anything like I'm like I see it I see it in my mind I just want to see if there's anything that I can even find to show you like what I see it's gonna happen when I say the blow number let me just see if there's anything even anything no can't even say this because it's not bullish enough it's a rally it's not what I mean let me just there may be nothing there may be nothing like what I'm seeing is gonna happen which is which is amazing let me just see if there's anything like I'm seeing in my mind is gonna happen no too tight too tight too tight too tight too normal well this is the closest thing now this is this isn't a great example but this is the closest thing that I can find right now I'm gonna I'll keep looking this is the closest thing that I can find right now it's not a good example though I'm gonna I'm gonna keep looking I'll be I'll look in the room this week but this is the closest thing that I can find right now is something what I'm thinking it's gonna happen when we blow it'll be like like almost straight up because this happened in a matter of like really a little bit like more than a week and this had a gymungus move 141 75 this isn't even really what it this isn't even really want to talk about this is the closest thing I can find right now I'll have to find what I mean but in my mind if I drew it and often I and often I see things before they happen and that's that's what I'm seeing and I and I saw it I saw it even before this thing happened here this year I saw last year in the previous year and we played out and we did it but I didn't I couldn't predict this would happen here does it matter no because we're still holding the uptrend but it's like in my mind I see how it's gonna do it I just can't I can't find anything actually in the last few years that even is what I'm seeing is gonna happen and that's very interesting it's very interesting now I'm gonna keep going back and looking to see if I can find something in the last ten years but if I can't find anything that's like what I see it's that's gonna be unbelievable that I'm predicting it because I think it's gonna be I think what what I saw previously like a year and a half ago and then Carrie turned to this year again no one believes me anymore no one believes me anymore because a lot of people think the markets bearish and it's it's absolutely absolutely not but I'm telling you that everything I'm seeing that's gonna happen the predictions that I'm making are all based on gaps okay so that's how they would make the predictions but in my mind I'm seeing this setting up to be a a time when the market is going to it's gonna go in a big way that's the people are gonna be surprised that's the best way that I can say it like to a regular person where people are gonna be shocked surprised and then the confidence that people lost in the market is gonna be reinvigorated people will feel better again than about investing and training and and and when they get their statements in the mail every month for the 401ks and mutual funds they'll feel happy they'll feel excited and people then will spend money with ease and banks will be happy and everyone will be happy there's a time coming up and in the market and I do believe it begins in 2016 where people then feel exhilaration again about their investments and excitement about investing and training it's when is that really gonna start to play out not till after we see a very significant rally okay which is more than over the high it's gonna be a rally that lasts and it could last for years and I did predict that a year and a half ago we rallied in 2015 made brand new all-time highs but it lacked the follow-through then into the summer of 2015 it we couldn't make a new high then at the end of the year although we rally some stocks did make a new high market didn't got tired and then this year early in the year we just we just couldn't do it to ourselves we just had some situations here but it's nothing that's like a problem and I and I've been double triple checking myself every single day to make sure I mean every day the market gaps down or gaps up I read it you could you could rate the market every day actually if I knew my system to do that but I'm focusing on it I'm seeing it and it's real so we'll see what happens but look for a time of optimism that's gonna happen and I believe it begins in 2016 and then I believe it lasts for several years and so this is opportunity opportunity in the market if you know how to read it to invest in stocks and the market long-term you got to have guts to do it though because it hasn't happened yet but you got to have guts to train to make a lot of money and to make predictions I mean the the Amazon trade and the Google trade that I took the options that I was in that I was up a lot of money and and had huge profits and prior to the earnings were gutsy gutsy calls and and and gutsy ones but every day I take gutsy trades in the market because I day trade in the one-minute chart so you just got to know what to look for you just have to be very focused and have a strategy if you believe in the strategy know what you're doing you can take the risk and I do so have a great Valentine's Day everyone we'll be watching the market email me at melissathestalkswish.com if you'd like to sign up for the next Golden Gap course can't wait to see what the market does in the month of February have a great day everyone