December 24, 2024

LIVE Marketcast Call with Christian Tharp, CMT: Insights and Analysis

Good morning, traders and market enthusiasts! It’s Christian Tharp here, and in our latest Marketcast Call, we embarked on an extensive review of the current market trends, potential forecasts, and specific stock analyses in the context of recent economic indicators and market movements.

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Key Highlights from the Recent Market Activities

During the call, I shared insights on how the markets reacted to the latest FOMC statements, which pointed us towards a downside move that was widely expected. These market anticipations are often reflected well in advance, providing a poignant reminder of the predictive nature of markets concerning significant economic announcements.

S&P Performance and Market Forecasts:
As observed, there was a sharp decline around the time of the FOMC announcement, which was aligned with a broader market expectation. This wasn’t so surprising given the pre-existing bearish indicators shared by the S&P and other major indices. The alignment or lack thereof among various indices such as NASDAQ 100, Dow, and NYSE often provides a clear indication of the market’s direction, which was leaning towards a downtrend before stabilizing somewhat as we approached the week’s end.

Similarly, the technical viewpoint from different time frames, particularly the large-scale momentum divergences, is instrumental in predicting long-term market behaviors, like the onset of bear or bull markets. During the call, we dived into the mechanics of using monthly indicators to speculate about larger market trends and their possible implications.

Santa Claus Rally and its Implications:
We are also on the cusp of the Santa Claus Rally, an interesting phenomenon with around a 75% to 80% success rate in heralding a prosperous market in the ensuing year if the rally actually materializes. It’s a crucial period that traders watch closely, considering its historical reliability as a bullish signal.

Analyzing Specific Stocks and Sectors

Moving beyond broad market predictions, we zoned in on specific stock performances that might be of interest to traders looking for opportunities in current conditions:

• Tesla: Notably decoupled from broader market activity, showing unique movement patterns worth monitoring for distinct trading strategies.
• Broadcom and LuluLemon: These stocks showcased a resilience, potentially indicating diverging strength from general market trends, offering potential long and short opportunities.
• Real Estate and Home Building Sectors: We touched on how sectors like homebuilders have reacted to the current economic climate, with certain stocks showing weakness potentially opening room for bearish plays.

Trading Strategy and Positioning

As for strategy going forward, the call reiterated the importance of balanced and responsive trading tactics:

• Options Strategies: Specific attention was given to strangles and more neutral positions considering market uncertainty, allowing traders to capitalize on volatility without a defined directional bet.
• Market Sentiment and Movement: Continuous monitoring and adaptive strategies remain key, especially when approaching new potential market catalysts like the upcoming earnings season and any shifts in monetary policy.

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In Closing

Naturally, as is customary with our calls, a good portion of the discussion was devoted to answering specific queries from traders, ranging from analyses of individual stock movements to broader strategic adjustments in response to evolving market narratives.

For those who missed our live discussion, staying tuned to these summarized insights can provide a compass of sorts as we navigate the inevitable ebbs and flows of the trading world. Remember, staying informed and responsive is crucial in leveraging the opportunities the market presents, whatever the prevailing conditions might be.

Join us for our next Marketcast Call for more updates and insights as we round out the year and look forward to a potentially vibrant market in 2025.

Watch this video below for more info:

LIVE Marketcast Call W/ Christian Tharp, CMT



2024-12-24 03:05:49
https://www.t3live.com/scott-gap-ebook-yt to get Scott Redler’s new gap trading ebook. Includes case studies on trading Microosft, Netflix, Shopify, Tesla, and Meta with stock and options.

Video transcript:
all right good morning everybody and good morning to you as well Allan happy holidays and as always give everybody a minute or two here to log on if you can hear me just let me know for hey good morning Carol all right good morning good morning yeah pretty cold here too Barry little Bri but supposed to get into the 40s I think so a little better got a little midday break I think me and a couple guys are GNA go throw some throw some discs out there today got ourselves a the uh Santa Claus rally Windows opening this week we’ll see how that goes I think if I remember correctly that’s Santa rally has something like a 75 or 80% success rate as far as uh forecasting so we get the we get the rally get ready for a likely good year but it’s not all right giv it a few minutes here so let’s get this show on the road and uh yeah last week good times speaking of I gotta mark my uh forget to mark my fomc’s let make sure to get this Jam in there there we go so pretty nice one there on on Wednesday um which you know I think our expectations we were leaning towards a downside move um I don’t know you know at anytime you’re thinking to yourself hey 3% or 2% or whatever as a matter of fact I don’t know that we ever do that um it’s more just up or down so you know uh we’ve done a pretty good job over the past years you know illustrating that more often than not uh the more the market forecasts you know it’s uh fomc move before it ever happens so um we looked at the you know the NASDAQ and just like we discussed last week the Market’s been in Decline for a couple weeks so you know the the we look at the you know the NASDAQ 100 here is one of the indexes we like to look at and so this gives the impression if we just looked at it that the market was heading higher when the reality is it wasn’t right so S&P had stopped moving higher you know week and a half before and we’ve obviously discussed the struggles the Russell the NYSC and the Dow we’re all having uh for a couple weeks before right so now a lot of times we like to isolate that kind of fomc forecast to well what’s been happening super recent like in the day before a couple days before the week of and when we looked at the S&P and we looked at everybody I don’t know that there was anything too terribly convincing as far as that goes other than again if you take the weight of the evidence right this is where we were going into the FMC it just looks like something that’s going to go lower right same thing with the Russell same thing with the Dow everything you know seem to point towards lower in all likelihood so so the the the decline on Wednesday was no real surprise not to mention we were down before the fomc statement and press conference ever you know happened so if if there was a quote surprise I think uh that would be you know the magnitude of the drop so big 3% or having anything you know like that since you know back in uh back over here this kind of little two-day drop and I believe this one here from here to here was a was a pretty nice one right there at the beginning of August so um other than that you know that’s the second biggest drop in the last the entire year but the last 12 months so it was a doozy and as you can see on that Wednesday and that Thursday where the S&P hold up right exact same place it held up back here look like were in trouble to start our Friday as a matter of fact um you know an hour or two before the market open a couple hours before the market opened on Friday we were down much much more uh twice as much but sure enough battle back didn’t want to break that line and uh you know ended up in the green for the day now when I look at you know for me when I look at that Friday nothing about that tells me like should be too you know e static about an upside move but hey you know we were higher for the day and we did hold the line so to speak uh so I came into the week somewhat indifferent um if you told me we move lower from here that would be consistent with what’s been happening for you know again over two weeks now if you told me we moved higher and well you know it’s been a pretty resilient Market uh big shocker so kind of uh like I said indifferent as we come into this week and as I mentioned this is the uh you know uh Santa Claus rally window is opening this week I think tomorrow see one two today or tomorrow anyway um and going into the first two days of next year and that’s been relatively reliable um as I said I think it has like a 75 90% win rate or something 75 to 80 percenti I think it’s been more accurate when there’s a rally in forecasting and upd up year so at least in the last you know this Century or last 30 years or so uh so worth a watch obviously there’s also the you know January barometer as we call it and so forth and so on so kind of look at that whole Trifecta and see what we end up with but um you know a couple years ago 2022 you know end of 2021 three years ago that’s that kicked off the bare market so there’s nothing saying that we have to have a good end of year beginning of year stretch if could be pretty rough but I don’t think that’s the case I think that we’ve had a pretty nice rout at least for now I I don’t think that’s the case um historically the only time i’ that I personally call for any correction bare Market I think 100% of the time it’s in it’s in conjunction with a larger momentum Divergence so either weekly but more often or not monthly so for example just using this how are we able to forecast the 2022 bear oops again momentum on a large scale right so looking at the monthly here and uh did I not go back all the way oh whoops okay let’s kind of looking uh back through here right so this is a monthly large scale you know so it doesn’t matter what we’re talking about doesn’t matter we’re talking about you know uh price patterns key levels candlesticks momentum in this case you always want to keep in mind the larger the scale usually the more reliable right and then the larger the implication of course um keeping it simple here a hammer candle that we see forming on a one minute chart doesn’t mean really doesn’t mean much of anything okay um but a big candle like that on a monthly that’s that you know that means a lot and it implies a lot it’s harder to form you know so typically they will be more reliable you won’t see them as often right so looking at a five minute you could see I don’t know 10 of those fire off in a day so if we’re just firing them off right and left I don’t know how meaningful they’re going to be but something you know that uh only forms once in say 10 years right is going to probably be more reliable and a lot more meaningful so when you look back um you can kind of see the uh the previous five but this was the one that formed going into 2022 right so after that first leg down it kind of put the momentum Divergence in right and you know we looked back and what happened the previous four times well you got either a correction or a bare market so it wasn’t too hard to call right um interesting thing we see here is a very very long-term possible Divergence right so if you go you know from uh the Peaks here then the lower right then the lower you know the momentum of this move is not simply is not as strong as this one it’s not as strong as this one neither here nor there I tend to focus on the kind of the more the current Trend the current bull move but uh but when you pan out to look at something like this it kind of makes you wonder are we seeing a secular like a big time major top being put in at some point I’m not talking about this week or next month or anything like that I’m just saying overall remember this is monthly right so um in order for us to even put in a similar version of this remember what has to happen we have to continue to fall or turn things around you know uh and go higher in price and then put in a lower momentum Peak for that to happen right so even if we were putting one here would take a couple months for us to see that okay so I I generally I don’t know that to the best of my recollection I’ve never called anything larger than pullbacks and such unless I see something like that you can kind of see here’s a daily momentum Divergence and what does it tell us you know it tells us well all these little rallies here that we’ve had none of them had a momentum Divergence none of them by the way got this overbought okay and it tells us that this decline right is uh the conditions are ripe for a bigger pullback than what we have endured through this runup and sure enough that’s what we got right price kind of confirms it rally back up hit the underside and then right but uh you know you can have more dailies than you know um I mean certainly there’s a case to be made there’s a Divergence here as well I mean if you look back right look at that price just keeps going higher right so you can make the case same thing here bearish pattern momentum so so we don’t really see anything like that at this point so uh so I would think that for now I don’t know that no matter where this takes us this little decline uh that we’re it’s been going on here for a couple weeks no matter where it takes us for now I would think it’s just a you know it’s been a good run right nothing wrong with pulling back so um but I think ultimately we run to new highs and then I think I think that’s where you start to get a little bit nervous about what what comes after and we discussed this last week I think everyone needs to just remember what we’ve seen um you know take place with the yield curve un inversion right the threes and tens what we’ve seen historically we showed that last week right and uh when fed starts cutting rates typically that kind of puts us on the clock for a bearish move not a bull move um refresh my me if we didn’t I can pull it up here but uh somebody posted a pretty great chart of those two together illustrating that contrary to what you know the mainstream would lead you to believe but you don’t need a mainstream you don’t need some dude in a suit to tell you that right prior to just a you know a couple months ago what had the FED been doing raising rates if it’s so darn bearish what has the market been doing for two three years moving higher okay if you were if you were around for you know 20078 n Bar Market what was happening in 2004 five six rates were Rising what was the market doing going higher right so you don’t really you don’t need you know some guy from you know Goldman Sachs to tell you that I mean you’re living it right so I think against that backdrop that’s why I say you know we need to be I just don’t think uh anyone should be surprised right if come the beginning beginning next year the first half of next year that the market see some trouble um for now we trade right we trade what we see um and right you know right now we would look at that as a market moving higher but but yeah just be uh you know cautious going into next year and I will always like I said if I see a weekly monthly type divergences that’s when we start you know um getting prepared because as you can see the last five of those on a monthly um the S&P is 5 and0 getting something on average a bare market so that’s the market right any questions and like I said coming into this week we’re obviously shorter term Traders I don’t really have a bias one way or another for those of you in prime time uh you know that because we put on a couple strangles I really didn’t wasn’t too terribly picky we also threw on a call because Market finished higher um andell looked like it was having a decent close a lot of stocks didn’t you know I always remember I try to I always try to make sure my students keep in mind that just because a a stock is up doesn’t mean it’s having a bullish day right just because it’s down doesn’t mean it’s bearish you a lot of hammer candle reversals that are bullish are down days you know so you want to make sure you look at it within context not only you know the whole day and what that looks like but also you know take something like Tesla you know uh well not never mind this clearly isn’t the one I was thinking although I will say nothing about this looks too terribly bullish uh I was looking at this at the weekly and uh that looks terrible the other about that looks good so I’d be uh i’ be a little curious about that and you know it’s had a great run you know I mean pretty good you you can’t you don’t go up forever never never have never will so you have to you know wash out some excesses I will say this thing comes back down to this 360 here that’s where it gets a little bit interesting if that happens we were targeting getting to 400 potentially last week until the market rally but even in the face of the market rally on Friday Tesla’s still down you know I think Tesla kind of does its own thing most of the time anyway so and a lot of other stocks keeping an eye on keep an eye on carvana right off that Gap window there okay A little over there and then Boop might hold kind of a nice little close kind of makes it look like it wants to move back up again um keep an eye on I was looking at this when we started the call right off that 25 Mark just like it knew my little green line was there so keep an eye on this is a great little range between 25 and 28 obviously it could could it be putting in a bottom sure could it also be a continuation before falling down to this are right this 22 goes back quite some ways so if you fail to hold 25 easy target 22 overall um we were looking at un8 last week desperately trying to take that 500 back you can see back to back to back days just trying and trying kind of closing uh right at it or pretty close to it two out of these last three days opening at it the other one so a lot of questions about you know when to get involved here when remember you don’t have to quote pick a bottom right I mean let it tell you so in this case you know it seems to be telling us if we can take this 500 out then look for some recovery okay um and I would think once that recovery starts tough to say I mean this would seem to be too and again I was kind of curious about this even being important still but I think this up here is so you’re looking for something to hold on you if this thing gets ahead of steam you could see here or up here this kind of breakdown shelf up top so I’ll be watching in those areas on that um otherwise uh who else we saw a few stocks we liked the way they closed app really closed look at the difference right between the way app closed and say the way Tesla closed you know just as a stock now of course you want to look at the market right so um you know as I say on all my calls right we rise and fall with the market if the market decides it’s going to be up 2% one day you probably just don’t want to be in puts you know I don’t know if I want to buy in puts on anything you know I’d rather go ahead and buy a put as a protective hedge on my calls right then try to pick that one little gem that’s not going to go up in a 2% rally I’d rather lean into it and then protect myself on the downside in case you know um the market decides otherwise who else were we looking at last week mstr had a nice turnaround I wasn’t really a big fan of what I saw with Bitcoin um kind of looking at that chart it certainly looks I haven’t looked at it today so hold on a second before I say that I thought when I was looking at it at the end of last week I thought it didn’t look great give me a second here I’m not really sure where that ended up or what it was doing over the weekend lot of stuff going on there in the holidays or holiday leadup weekend there plus I had to watch my Buckey hand it to Tennessee can’t get this to pop up here wake up here we go not much it’s falling a little bit more but nothing crazy all right check that out there everything’s moving kind of slow today give me a second but um yeah I wasn’t a huge fan of uh what I was seen there chart’s gotten a little sloppy to be honest with you all right that out of the way all right so okay yeah so let’s talk schedule real quick um while everybody’s here um so there won’t be a um in short after this call I’ll be gone until Thursday of next week so uh no Market cast call next week um no smart trade no Gambit and the next prime time call won’t be till Thursday morning now for Prime Time folks it doesn’t mean I won’t necessarily put a trade on but it’ll be via alerts I’ll be traveling all day uh kind of leading up but so but the next call would be yeah Thursday am but all right let’s look at some of these stocks questions on Boeing and all right um I don’t know not sure if I consider this to necessarily still matter I’d probably looking at the 180 and I don’t know it’s kind of a mess through here you can see back in the day we were watching this thing around 177 and a half or so you can kind of see you know I haven’t taken it off but you kind of see it looks like maybe kind of sort of so I don’t know on the upside but it does look like if if you’re looking for a pullback that this is still something that’s relevant back at 170 right you had your support you know your obviously resistance on the gap down your support your resistance when it was under support I still I like that on a pullback I think I’m not sure on the upside if there’s anything that would get me too excited um I don’t know maybe retook 190 but here it just looks kind of a little bit messy for me on that one yeah I mean you know when this kind of stuff happens it’s hard to say where we go from here um in a vacuum somebody might look at this as like maybe kind of I don’t know a little bullish but after they Chuck 20 bucks out the window it’s you know um H I mean it’s not something I’d be interested in all that much I don’t think do anything I wouldn’t you know to be but if I if I was looking to like if I was going if somebody said you gota you got to go long or short on this right now I’d probably hold my nose and go long let’s see wa is that a stock symbol not sure what that means all right so what were some of the other ones we were looking at uh all right so I already talked about Tesla oh this is one I was looking at um broadcom right stock was up on Friday but that’s not the most bullish looking day in the world right gave up almost all of his gains and ended up right back where it started so you know if Market moves higher you know it probably will too but it’s just not the greatest looking day that was one that I found today that I really liked we trade this a while back I haven’t looked at it in a while but you have that nice support Shelf at 125 and then up top clearly that 135 then above that you have 140 I kind of like this is showing you what to do this thing you know held above 130 I’d probably be you know willing to make a play on it for a run back to that 135 shelf up top because you can kind of see it looks like through here maybe there’s a lot of hitting and bouncing on top of that so you know kind of play it off the fives if you will 125 130 135 140 so I thought that made some sense on this we obviously had a great trade last week with lows uh could have been a lot more I certainly didn’t you know kind of stinks because you wish you could see a 3% da coming but uh you know we targeted this two for two 50 we got out a little early um now if I’m being honest I mean I wouldn’t have stayed in for Thursday you know you got to Target you got a plan that would have been a 400% gain you know um gotta be careful not to let greed take over um so when I say we could have got a little more I just mean we didn’t let it go completely to 250 but it did end up getting there that day because again you’re looking at context you’re looking at what’s going on right now and you’re not thinking to yourself hey um hold on a second hey I think this might a 3% down day but yeah we had a nice little trade there I don’t know if I would do what I do know is this if we do get a rally take hold right and it gets back up to 260 that’d be the ideal spot to look to buy puts so I can definitely say that home builder has been getting knocked around that’s for sure missed this one had this on my list if it broke 102 chains there I saw this when I was going through all my stocks I was a little bummed but um I took my eye off of it but that’s kind of the drawback of having so many stocks that’s why you really only need like maybe 20 25 but I have so many with ETFs here in the middle that sometimes you missed this but when this broke that was should have been a pretty easy trade uh I’m going to go with probably still has some more room to do on the downside overall right take the height of this range we probably expect it to be somewhere down near 90 or lower oh eventually so kind of missed the missed the boat on that one not kind of definitely and anybody else we were watching here take a look at our buddy futu and that thing was looked like it was picking up steam again and then never mind uh we do we are looking at MDB MDB has been a pretty good mover here um you know earnings knocked it around so this is one of the ones we took a shot that a triangle you know we’ve got uh three and a half days for this thing to you know uh move basically $15 One Direction or the other so we felt pretty good about that happening but we shall see on that front again the market will likely dictate uh the Dell trade we were thinking hey if markets rally this thing should run to 120 uh see I’m assume yeah open up a little bit higher and then yeah we’ll see how that works see MDB is something we play um I think we had just puts at one point last week but then coming into this week when then decided to uh you know and again you know look at the stock holding up right at that old level of 240 right so uh if it does you know pick itself back up same you know in all likely with the market then we would think that 260 would be the level you’d get to on the upside notice how on the way down it stopped to think about it right that old level of ours so if it does run up that would be our Target if it breaks um I think it gets further than 230 I think you could find yourself at 220 so then let’s see Nidia turned around nicely last week I me kept looking like we were going to break down here looks like a head and shoulders right it sure look like we were trying to break down and then I don’t know I’d be a little I still be a little nervous with that you know kind of like breaching this it’s like well yeah you held there but you know think of it as good oldfashioned supply and demand you know and that demand you know always held here but it’s almost like you you you know punctured you got rid of some of it you know one of our barriers one of our Force Shields is gone and now we’re kind of falling here just kind of makes you wonder right what what’s our Trend what are we doing you know just basic back of the napkin type thing nothing too in depth p was one we were looking at last we considered it but we didn’t do anything with it so kind of getting up there in the new high so who else were we watching last week mu obviously got smacked pretty good I considered this for a long play that was a nice turn around on Friday so but you know it’s always an aggressive play you try to take a take out a flyer on something just did that so you just kind of have to know that going in you know hey take a shot but don’t be surprised if you lose there meta going right up today so far hitting that 600 right on the nose right that’s our old level there the breakdown little little disappointed there that uh or surprise not surprise I hate to use the word surprise because you know the market never really should never quote surprise you it not doing what you expected is what the market does so why is it a surprise so it’s it’s why I always feel funny saying surprise but you know when it broke to that 600 I would expect it maybe a little bit more than getting to 640 but uh again the market has been struggling the market has not been going up it’s actually been going down so um Lulu we looked at app let’s look at Lulu John yeah we always love uh Wade looks like you and I are on the same page man I just looked at you so yeah I kind of like that close do I set alerts at your target numbers uh sometimes a lot of times depends on the trade met is not my friend that part is true so I’m not trading meta but let’s be honest I’m only like one in 28 right I mean it’s not that bad yeah Lulu following through um I mean certainly this isn’t a spot that I’d expect mulu to hold up but nice little turnaround I think you take back here and you know we’ve taken out Friday’s High that’s not a bad idea bad thing so you could take a shot here on Lulu great thing about Lulu is it’s a pretty good mover kind of like MDB right these are ones we kind of like that you can take these longer shots and they’re not as low probability as one might think on the surface because they’re pretty nice movers else here what else is in there I don’t see much else who else tell you what crowd got us though we had some good trades but crowd was not one of them when that thing took out our little uh pattern here we thought we were determined to get there that changed pretty quick so but you know that’s why we’re commonly on both sides um you know we had these puts know still walked away nice and profitable for the week speak I think Gambit uh Gambit one had one heck of a run to finish the year there won’t be a trade for Gambit this week so Gambit’s year is over uh what a great four five weeks whatever it was six weeks finish on a positive note look some other stuff seem like a nice close for Home Depot seems like it it’s always remember too just don’t forget like Market Market Market you know so often it just seems as the students that I coach and I work with they’re look they’re focusing on just the stock which definitely matters but I think the end of the day there weren’t too many stocks that were spared on Wednesday right so you just want to kind of try to do a lot of homework on okay which way do I think the Market’s going to go because if you get that right you’re going to win your your fair share of the battles I’m looking back around here like I said I wasn’t really all that impressed with Friday’s cloth one way or the other um I mean it didn’t really leave me with like a bullish bias coming like I’m just dying to get long here so so yeah if you told me we were lower this week uh I wouldn’t be really surprised or anything all right not I think we covered everything I got let’s see got that got that yeah think we cover everything on that front so uh thoughts on shop Let’s Take a Look let’s find out really don’t have an opinion on it here John um I think if you get a decent market close today and this closes near it’s high of the day above 110 I think I could be swayed into to do something on the long side but I think my Pro what I’m running into is I I I’m not really a big fan of that close on Friday which I’m not saying that makes me bearish on anything here but it just it doesn’t it just doesn’t make me want to do too much on one side or the other again as you probably know that’s that’s why we went in on both sides because hey I mean if we can get 2% 3% 1% type days we’ll take both sides of the the market all day long right if we don’t have a if we don’t have a bias to one side of the other and look you know Market open up here in the green look at my list we’re seeing this a lot but that that shouldn’t be a shock right it shouldn’t be a shock that we we see something like hey NASDAQ S&P up but what we have been seeing just a reminder for the past several weeks down and now we’re talking about thousands of stocks not just the hundred stocks in the ndx or the 500 in the S&P right I know some people don’t care about the Dow anymore but I think it still matters you know and so we’re seeing the broader move is to the downside so looking at my list and seeing that over half of it appears to be red or at least half of it probably isn’t that big of a shock I mean I’m going to keep an eye on this guy because again if you can fail to hold the 125 sets up a nice put play probably just targeting the 120 and if I remember one thing about this I think remember might have been a little thin at times let’s see yeah it’s probably a thin week though so it’s probably not I don’t know if this is indicative but but one thing I do remember is these weren’t very expensive so all right Christmas long shot or Lotto well there’s a good question problem is some of the ones that uh B shot or Lotto I mean I just don’t think you can get that on this I don’t think that’s happening on that [Music] I mean these 300s are only around a [Music] buck keeping in mind your starting point for that is well it’s like nine or $10 so you need to sell off pretty darn quick but the thing is as long as it got to 300 this week you’re probably at least tripling your money so I don’t know let me look um that’s tough man that’s tough in the beginning of the week we usually only look at lotos like the day before like on a Thursday beginning of the week’s tough because the premiums are pretty darn High you know we could look at is this guy jeez that one’s expensive too all right never mind yeah it’s tough Thomas uh because basically you have to make like a ludicrous call you know you guys say look I know this looks like bad but trust me this is going to work let me look though let see that’s gross all right wait a minute here this isn’t awful your 260s are just around 50 cents so it’s not a huge winner but [Music] h these 80s are hanging out for around a quarter any of that look good to you Thomas I’m having trouble finding anything but don’t know if that looks any of those by I don’t know on this upstart wow sorry about your luck let’s see [Music] I mean what I will say about this one Wade is if it took out that 65 you could see one heck of a slide really quickly so again something like the 60 because that’d be your Target on the way down I mean you could do the 61s if you went to 62s around 50 cents so you could play for obviously this is just moving with the market right now so if the market did take a slide this week and this thing took out that 65 I think you’re here pretty quick eventually you’re down here at least to this whatever’s happening right here at that 57 at these intraday I don’t know how much those how important those intad days will be but we know from the past 55 was but yeah you have you’d be banking on the market going lower and because I don’t I don’t think this is going lower just like I do with most stocks I don’t think you know I think you’re look my list is getting redder and redder and redder so and of course you could take that shot at MDB you kind of weigh this I think this might be my favorite one remember we’re talking about a lotto to start the week there’s just nothing you’re probably going to see that’s going to be like wow I think that looks great so it’s like what do I think looks the the best not crazy and I think something like this in a market environment where we sell off makes a lot of sense and then like I said MDB is garbage lately so you could take a shot way down here at these 220s okay so this thing picks up steam again these are only around 50 cents also your starting point on that is somewhere in the area around $4 five so there could be something there this takes out 240 you could see this pretty quick so uh Thomas that was uh futu futu this guy and W’s upstar like I said if you want to bang on a market decline I could see maybe shoot for 60 61 62 area here and then MDB maybe somewhere down near those 220s all right folks I know we ran a little longer today but hope everybody has themselves a wonderful Christmas happy New Year all that kind of stuff we will be back here in two weeks no more calls the rest of the week and then I’ll be back on Deck regular schedule on that Thursday the 2nd so everyone enjoy it have a great one we’ll get back to work at the end of next week and get back to making some money all right take care