 And we got Asian and European stocks, but we did not yet get to US equities and here to join us is Melissa Armo of Stock Swoosh Militia, thank you so much for being with now. Let me get one thing straight. Is it the stock stock swoosh or stock swoosh? Either one bar is terrific. Okay. All right. Well, we love you We want to get them the name of your company correct. So Melissa Armo founder of stock swoosh Thank you for joining us. Melissa what do you what is you what is your take on things going on now? We seem to have another day today. That's a little bit up But are we worried about some of this economic data coming out and all of a sudden that's going to be a tipping point We're gonna see some more of vexing volatility. I Don't think the volatility is over. I think that we held today. We held yesterday. We rallied into the clothes on Friday But to me it really is a week old We are not that far off the high so overall if your long-term investor the markets Looks very bullish, but if you're a trader or if you're a swing trader I wouldn't have bought right back into this market on Friday or Monday or today because we still possibly could go down and retest the lows from Friday, and I will tell you if we do We could break that so I don't know I would say to be safe wait until we rally Over that big sell-off day that was one week ago today when the market really tanked Once we get over the high of that day Which in the spiders is around 275 ish then it would feel a lot better about saying go ahead You can get in long swing traders day traders the market's gonna move up and make another brand new all-time high the economic data this week You know the market could have a move But I don't know if it's going to be up from that and we won't know till it happens and speaking of economic data, you know, it's next week that the Federal Open Markets Committee the Federal Reserve meets and to discuss raising interest rates That could be another thing that that's out there Melissa. Let me ask you though. There's all there's this mantra in trading That you buy the dip and so when when when prices go down and we've seen you know We're into correction territory as we've discussed on the program before 10% down from the market highs which were 30% up year over year in in January But you know you're you're urging some caution about getting back in but are there some deals out there Should some of our viewers be looking at buying the dip? No, I wouldn't say anyone should be buying any dips and that's not the way that I look at a chart again I'm a technical trader, but whether technically or fundamentally you look at it again the market strong I say you got to know your time horizon if you're a long-term investor and you want to buy the dip That's fine But no you could get jostled around a lot because it's really not a good idea to predict the low and predict the high Why because you're never going to be able to do that consistently over the long-haul wait wait to the market gives you the Confirmation and I'm telling you where that is It's over the high of everything in the Dow and the spy and the QQQs If you look at charts or any of the things that fell from last Monday wait until they get over that high of that big selling bar That started the correction has started the collapse down So no I wouldn't be buying any dips because here's the thing how many dips are we going to have? It's not that we're not going to move higher eventually is it going to be in the next week and the next two days Is it going to take two months? I don't know so I can't predict that I wait until it happens And it's going to be where I said and it's probably going to happen when the market gaps up in the pre market It opens a lot higher in the morning at 9 30 and rallies all day And we probably lift over that high of that past Monday But I can't say for sure if that's going to happen this week And I don't know if it's going to happen in the next month So you wait you wait until it happens because if you don't have a high threshold for pain and for risk You could be in the market happy as a clam today and yesterday and then all of a sudden tomorrow You might be down and you might not be able to handle it and and if that happens I'm telling you people won't be able to handle it They're going to get scared and they're going to quick sell out and that's going to push the market down Have another big red day because people jumped in too quick in my opinion if they're in now this may go along with your Your your thought about not buying dip not getting in but but let me test your patience on this question What about rebalancing if people have you know lost some And thinking wait a minute. I don't want the same exposure I've had in the past should they should they pull out and should they should they maybe Rebalance their portfolio or is your advice just the same hang tough for now unless you want to get smacked around a little bit It's not a yes or no answer because it depends on your situation if you're 35 Or you're 65 the answer to that question is going to be a lot different. Are you retired or are you going to retirement? You know, you don't know if you have a lot of time to vest in the market I say stay with it if you're near in retirement or in retirement right now, then that's a different story Melissa, it's always so great to have you really appreciate your advice. We're listening to it I know our viewers appreciate it as much as we do here at the show Melissa armill founder of stuck swoosh. Thank you for joining us