What To Do With So Many Stocks Extended; Bloom Energy, BWX And GE In Focus

29:18Even if the program isn't perfect, it's at least the same way. So then the data that you get from that really tells you a clean story. I'm big into clean data and results and everything. And so when I did that, one of the things I found was the cup without handle, which this is the way Pattern Rec is drawing it, had the exact same risk profile and success and failure rate as a cup with handle, which was mind blowing. and I double and triple checked it because it was so against what we thought and what we've been saying. But with that, the beauty of a cup with handle is it gives you really clear, easy places to know that you're wrong.

30:03Whereas a cup without handle, meaning you don't have a handle. So you're buying it as it goes into new high ground, which in this case would be above the 147.86. Through there, like you said, what do you do with your risk? Well, you know that your maximum risk is always seven to 8 % from your buy point, just from a risk management standpoint. There's nothing wrong with doing it that way, but it doesn't really, there's nothing on the chart to really use. Whereas with a cup with handle, there is ways that you can see it that's like, okay, this is now a broken chart. Like let's pull up Reddit, for example, and then we'll circle back to this one.

30:40Because this is one that we tried this week, I tried this week and it didn't work out for me. When it broke above the 246-15 standard pivot, that gives you an expectation that it should move higher and continue higher. We also know, and I verified this with my study, that Bill would say 40 to 60 percent of the bases would breakouts would pull back into the pivot area. And I verified that it was about 50 percent. So right in the middle of the 40 to 60. But it's how does it do it? And once that broke down back below that level, the 246.15 yesterday in a material way and breaking down below your 21-day, well, that's a broken chart.

31:26Now, it's trying to get support at the 50-day, but it's a broken chart. It is what it is. And so we had to back out of that yesterday. And I had to back out of it personally. So it gave you an expectation. Now, it doesn't mean that it can't go back up. And I would wait for it to get back above 246.15 to prove itself to get back into it. But now let's go back over to BE. And so with that, you have some landmarks. With this BE, well, that could come down to the 7%, not be wrong. It's really not until it undercuts the low of two days ago, that red day, where then it's like, okay, this isn't acting right.

32:04But that's a long way down on a percentage basis from where we are. It doesn't look like it on the chart, but it is. So this is, you're playing with fire with this one. But the real entry points, we're really using the ShakeOut Plus 3. It's an old Livermore technique. I have a Webby Rambles on, which is my podcast on my channel, Webby 5150, my YouTube channel. And it goes over how I use, how I've adjusted Bill's take on the Livermore ShakeOut Plus 3, because he got it from Jesse Livermore and he had his adjustments on there and I have mine. In a nutshell, it is taking that low, the 76 even, which is your first low in your base and saying, okay, when you're forming a base and it comes down and hits a low, if you fall below that and then come back up through it by more than three points, and that's how Bill would look at it, that's a buy point.

32:59I look at it as five to 10%. And if you watch the video, you'll understand why from that 76 is where you'd be entering it. So I was buying it as it was going through the 21 day on the right side over there and then adding to it along the way. And I've been, you know, various size positions on that right now. I'm on the heavy side, but I wish it would have been heavy the whole time, but it has been heavier and lighter and whatever. But trading it that way, using the Livermore ShakeOut Plus 3, modified. And then as it went through the double bottom, because could you draw the double bottom on there for folks?

33:40Because really the pattern wreck should have picked it up as a double bottom. It's not a perfect thing. So through the one 1990, that was your real buy point, your standard buy point of your double bottom. So you can buy it through there. Lots of bases will have multiple bases. And Bill would agree with that too. You know, you can, and Charles and I would always kind of debate. He'd see a double bottom, I'd see a cup or vice versa. Neither of us were right or wrong. It was just, it's an art, not a science. So through the 119.90, that's the real - And the important thing, I think, is that it gives you a place to buy, right?

34:17It gives you an area of resistance. That's what's important, not what the shape is, but where. Exactly. Thank you, Justin. Exactly. The reason why we use patterns is not because they're magical. It's just to manage risk. Like you were saying earlier, you've got to use something. Otherwise, you're just buying everything up in the air and just, I don't know, getting lucky or unlucky. It depends on your karma, I guess. So the 119.90 is your real most logical entry point. Now it's going through this cup without handle here, which is an add-on point. I would be reluctant to initiate a position here just because it's not that I have anything against the cup with handle, as I was talking about, but a deep cup with handle, 49 % deep, that brings on a whole different level of risk.

35:08Because if something goes down 49%, you got to just think how much it has to go back up just to get back to even. So in that, you're going to have a lot of... Well, and it went up 100 % here in just over a month. Yeah, so that's a big move in a short period of time. So those tend to get some shakeouts in there that can be violent. So if you're trading it, I would be very careful. Yeah, technically, you could be buying it here as it's in the pivot zone. But I wouldn't go heavy here. I would start light. What does it have going for it? It's in a hot space. The RS line blue dot. I mean, that's a beautiful, that RS line into new high grounds.

35:49So the blue dot is something with pattern rec that if the RS line is at new highs in the base or on the breakout day, today's the breakout day or the pivot day, and it's at new highs, it'll show up as a blue dot. It's really, really powerful. Anyone using market surge should really focus in on those blue dots. They don't all work. There's nothing that works all the time, but that's kind of your best merchandise or place to start. So let's go to the weekly, and then we'll go through the other ones quicker. So with this one, that's terrible. I just got to be intellectually honest. Even though this is my second biggest stock, I just got to look at the base and go, So if Bill were here, he would shoot me for trading this because it's so wide and loose.

36:41By definition, those bars are so all over the place. That is not equilibrium. A base that is 49 % deep tells you that no one knows what to pay for it. Because a couple months ago, they were paying$140 for it. Then they were paying less than$80 for it. Now they're paying$140 for it again. So nobody knows, including myself, including you, including all the people that own it or are shorting it. So that means a lot more risk. But that also happened on the bass down below. Go ahead and put the best fit on for a second so you can see that bass down there. And that was a really deep bass as well and a sloppy bass.

37:22And when that had its move, it had this really powerful move from there. So it's not that it can have a super powerful move. You actually expect it to. Like this would not, there's two ways that I see this working out that would be normal and natural, a complete failure where a month from now it's under 80 or two months from now it's under 80, or this thing is on its way to three, four, 500 or more. Because a setup like this kind of is that, you know, it's either one way or another. Now, without said, maybe it just goes sideways. I highly doubt it. It's just, you don't have volatile stocks like this, not just either have a very powerful move up or back down.

38:03So if you're trading it, put stops in there, be very, very careful with it. But it is what it is. And it's worth mentioning that this was an area, I mean, the energy area, especially alternative energy, you know, because, again, you mentioned NLR, the nuclear. This does fuel cells and you can you can stack multiple fuel cells to the point where you can power a grocery store or, you know, whatever. It's something that can provide a lot of power and actually in a very clean way. So, yeah, very interesting there. Let's go ahead and move on to BWXT. I do have a position in this. We put it on Swing Trader today.

38:47Another one that looks awfully like a cup without a handle. You did have this one day where it came down to 200. But, yeah, not much of a pullback before it started rocking right back up to that 218.50 area, finished just below that. How deep is this base? This one is 25 percent. Very different. And the base before, oh, I should mention I have a position in it as well, and 17 percent. Okay, so a couple of things on here. night and day from BE meaning it's the bases are much tighter which is significantly better but it's still on let me step back let's look at the weekly chart because it'll be a little bit more obvious there the difference between these two stocks so put it back to standard if you don't mind yeah and I'm going to blame you this time okay that's fine so this informs bases on top of bases right so you have this you have this base with a blue dot on there you have the prior base now pull up the be and see how much difference that one is look at that wild move up that just means it's more powerful but it's also riskier because if it blows up it's got a long way to go down now let's go back to the other one because you always want to do a compare and contrast with things.

40:16I like base on bases because it means that people are more comfortable with the price that it's at. And what's also nice about this is if you see in the most recent base and the one before it, you had tight areas. That's where it's three or more weeks where it's closing almost unchanged and it's a blue shaded area there that we have in market surge. and you see that in the prior base, the bigger base as well. That's a sign of accumulation and support. And so that's a positive thing as well. I really like the RS line move on here. And we'll see, go back to the daily for a sec. And with this one, the red day that we just saw a couple of days ago, that's where I would say, if you're position trading it, that would be your final line in the sand from a swing trade, you're going to have to be tighter just because of the percentage move.

41:12But this looks like it's in position and wants to break out. And I think it's still viable here as a cup without handle. And worth mentioning that, again, this does have kind of the energy side of things, in this case, nuclear energy, nuclear components, a lot of government contracts. So in that NLR, this is one of the one of the top holdings and in that NLR ETF that we were talking about earlier. And let's go ahead and move over to GE Aerospace. This does have earnings coming up fairly soon. And again, the aerospace area has really been so strong. But I guess, you know, the question is, when you have the the the space moving so much, do you look at something like GE and say, oh, well, is this the laggard?

42:05It's not, it's just getting started. So there's this push and pull, right? This is still in position to be bought, but is it the laggard because it is still in position to be bought? Yes, it is by definition. It's the laggard. I would rather try to find a way to get into one of the extended names in the group or increase a position in an extended name than to get this one, but we wanted to have a contrast in there because, you know, the BE was so wild and crazy and the other one was in between and then just something on the slower side. Now, there is risk, a lot of risk because the earnings right around the corner.

42:44But at least this has a really nice, you know, broke out of that flat base and then moved up. And I wouldn't really call this necessarily a shelf, but it's something to trade against where you can have a declining tops line over the last two weeks. And that would be a good entry from a swing trade using today's low or the low from two days ago or the 21 day as your exit strategy. And the only problem is with earnings around the corner, you'd have to get a decent enough cushion to hold through there. So this is, at least the laggards in the group, which this one is, are still looking nice. Like if this was in isolation, and I didn't see other ones in the group, I'd say this looks great.

43:32But the reality is there's a lot of heat in the defense aerospace area and a lot of ones that look a lot stronger. But, you know, so I would go with the ITA, but unfortunately it's just out of position. Yeah. And look, ITA, 20 % roughly is GE. You know, so it's just that there's a lot of other things that have been really kind of moving it a little bit more. RTX. And again, I'm just getting this from the iShares website. So, you know, I encourage people to just do very simple Google searches, you know, ITA holdings, and it'll give give you the weights. You can go onto the website for iShares. uh rtx is a 15 uh boeing which is also on the verge of uh breaking out uh or i guess just did uh that's an eight percent weight and then you get down into a lot of four percent weights uh for a little while with a lot of those legacy ones that we were talking about but also um you know l3 harris uh the the recent merger there hwm i did notice a few folks uh talking about that in the YouTube comments today.

44:46So yeah, a lot of those looking very strong as well. Okay, well, that wraps up our stock side. Webby, you've got some charts to show, so I'm going to stop my share and turn things over to you. Okie doke. Let's see. Tell me when you can see it. I can see it. Okay, so I'm not going to get into it here, but this is our Bob Weir. Rest in peace. Take a step back. And I'm not just saying that this time because Bob has left us. He passed away. But it's something I say every week is because I'll just tell it anyways. So people understand why and I'll only do it this week. So the Grateful Dead would back in the day, they would have a general admission audience.

45:34And so everyone didn't have chairs. So they would just push up to the stage to get a better view. And Bob would see that during the show and he would say, okay, we're now everyone, we're going to play our favorite game. Let's take a step back. And then he would wait to play until everyone took a step back and another step back. And when you hear that, it always made me think of stepping back and looking at weekly charts and monthly charts and doing a bigger picture of just stepping back from the noise that we see with the intraday charts and on the daily charts and really trying to get a bigger picture.

46:10And that's what we do every week. So we're going to start off with our, so that's why I always say the Bob Weir, take a step back. So this is SPY Weekly Candles. And we're taking a step back, looking at this, saying, okay, is there anything here that we didn't pick up on the daily? Sometimes there's no extra information. Sometimes you'll get a lot of information. This tells you, and I'll just blow this up a little bit more so you can see it. This candle here is a tiny little body, meaning that the distance from between where we opened on Monday and where we closed today is very small, and we closed higher than it.

46:50That's why it's blue. But our wicks are the little top and the bottom thing that you have there. And the top wick looks like it went a little bit higher than last week, but the low was about the same as last week. So marking time, it's kind of a mixed bag of a week because you always like to see blue there, meaning that you close stronger than you open, but you want to see a bigger body. So this gives us kind of a mixed message that our expectation is sideways action. Sometimes you get very clear expectations that the next week should go up or should go down. This one is kind of somewhere in between that it's just telling you you don't have an expectation.

47:36Sideways is our expectation based on this. And so we're going to look at a bunch of charts, put a picture together, kind of a mosaic. Now you look at the NASDAQ, very similar, but with a negative body. You can see that that was a pink, so it closed a little bit lower than it opened, But basically the same thing as the last one. And this one would give you an expectation of sideways to maybe down. Contrast that with the IWM, which I have a position in. And look at how different this is. The distance from where we open on Monday to where we close. Huge body there, blue body. And the same thing last week.

48:19this leaves you with an expectation of moving higher but at a smaller pace because they tend to trend like this you get a big bar this one you get a smaller one here in general you don't get a bigger one after that you tend to get a little bit smaller but we will we will see it's kind of the same thing that happened over here a big one a smaller one and then a smaller one there so that would be normal and natural but things don't always have to be that way next we're going to go over to our regression lines. And how many days do you say we have now? 38, I think. 38. Okay. And that is starting, I'm starting this off on November 21st.

48:57So we're going to wait until there's 50 days and we're going to lock it in. So this is my anchor point. Why starting on November 21st? Because that is our lowest point of this most recent pullback. If it was a major, major intermediate correction or a bear market, I would wait and start it off at the follow-through day. But since we weren't in that position, that's my style of doing this is using either your bottom day or your first day up. First top day. Yeah. And this happened to be your bottom day. So I kind of lean towards the bottom day there to get what the trend is. And then the white line in between it, the white line, that's your line of best fit or your regression line.

49:43How I interpret this is the market likes to stay around that line. So once you get a clear channel in there as defined by the regression, that you've got the standard deviations above it and below it. Those are your red and green lines that it wants to kind of hover around the white line. That is your home base, as I refer to it. And so when I look at this, you know, I see four negative body candles and that might tell you, oh, I'm getting very concerned because that doesn't feel right. But then you're using this way of looking at it going, oh, it's totally normal. We're just right in that band.

50:28And even if we came all the way down into here, that would be normal and natural. Not always fun, but normal and natural. and you can see that it's kind of hugging the 21-day, which is your green line on there. Let's take a look and see what the NASDAQ looks like. Same dates. And this is a bit weaker, but still not too far out of line from our home base. Now contrast that with the IWM. I want to make sure I change the dates on here. I didn't. Let me change that real quick. Sorry about that. So with this one, it is on the strong side, exactly what you would have thought of. And we're using this to just confirm what we saw before.

51:16Typically, once it gets up into this area, it wants to kind of either just ride this red line, which is a half a standard deviation above the white line, or pull back into the white line, but stay at the white line. So that's your expectation. doesn't mean it's going to happen, but that you've got to have kind of a base case expectation. And with this, because it's so powerful and it's up there, that staying up in here would be ideal in what we're looking for, not necessarily a real break of the one standard deviation above it. That can sometimes be a little problematic. All right, next we've got our 50 % retracement.

51:57And this again is an art. You can do it from an intraday chart to a monthly chart and everything in between. What I'm choosing to do on here, and you can slice this a bunch of different ways, I'm using the October high, the October 29th high, and the low from November 21st. Those are our top and bottom line, meaning the 50 % retracement is 670 and change. And we wanna see, are we trading in the Northern Hemisphere or the Southern? In this case, the Northern is where we want to be. That's a sign of strength. not only are we in the northern part we are above that we're like up in antarctica and so that's a good thing wait that's the one up above us right just you know everything no it is not okay as i said it i'm like oh yes well antarctic uh antarctic without bears arctic up there by um santa you know there you go north okay so uh anyways we've got the nasdaq on here and it's just living in this area, which is healthy.

52:58It's just lagging versus everything else, but it's still healthy in this same zone. And we'll switch over to the IWM quite a bit different. When you use the October 15th high in the November 20th low, these lines, we've been well above that for a long time. And then I recently put in this high here of the December 12th. And the low there looks like the first trading day of the year or the December 31st. And we're trading well above that level too. And you can, you know, we can change this and, you know, make this up here and all, and there's nothing wrong with that. And then our midpoint would be 256 and change.

53:48And so you can slice this a different way, many different ways, use it on individual stocks, use it on everything. And just, it's one of my favorite tools that are really simple to use. Okay, next we've got our lines in the sand that are kind of important. So let's blow this up and look at this. This is SPY and our most recent low here from the 14th, the 686-04. That would be your first line in the sand. Also underneath the 21 days. So you wouldn't want to go there, but could hit there. More important one would be the low from January 2nd, because if we came down there, we would then be down or flat for the year.

54:34We'd also be underneath the 21-day and underneath the 50-day. And if you get below that, then that's a different topic. So let's look at the NASDAQ. On here, again, it's just not as strong as the other ones, and we really want to see it hold, you know, this week's low, but really the low over here from the second or, you know, first trading day of the year. Let's take a look at the IWM and you can see this is in, you know, a completely different place. The most important level here is the 258.20, which is your low from the low from the 12th, but it's also kind of your high from mid-December. So when you have two points on there, two or more points, it becomes more meaningful.

55:25So that line would kind of be putting you in line with where the 21 day will be in a few days. So that becomes a very important level that you'd like to stay above. Now, if IWM doesn't work out this time, like it hasn't so many other times, your true ultimate line in the sand would be down here with your January 2nd low at 245 and change. And that's underneath your 50, underneath your 21 day. And we don't want any of that. Now we will go over to one of the newer things we've added in here. And if you're saying, what are all these charts for? This is noise. This is distracting me. It's fine. You don't have to use them.

56:08You can pick and choose which ones from here that you want to use. but I like using all of them and just have it paint a picture to me of, you know, what's healthy, what's not healthy and what to expect. So this is something that I've been using for a long time, many, many years, a decade or so, where I have a bunch of different moving averages on there. And then I just see from shorter term moving averages are the shorter ones stacked above the medium, intermediate term ones and are those above the long term ones. So how I like to do this is just use the Fibonacci numbers. You can just Google that to get the numbers, but it's 3, 5, 8, 13, and 21, 34, and so on.

56:55I would spend time just getting to know those numbers. They're very powerful to use in a lot of different ways. We don't have time to go over it right now, but the problem here is your short-term ones, your three is starting to come down through your five but most of them are still stacked nicely. The most important one on here is your blue one. That's your 21 day and your 34 is your tan one, which is something I don't talk about very often, but it is a very important moving average as well. So let's take a look at the composite. So pay attention to where those are. They're pretty much stacked nicely.

57:30Then we'll look at the composite. See, that's a little bit different where the shorter term ones are kind of converging down, The three is down with the five and the eight, but they're still above your 21 day. And now we'll look at something a lot stronger. This is what you want to see. It's kind of like a fan type of look where they're stretched out and they're in a perfect world. The short-term ones will start really going up quite a bit. But having them where they're all spaced out, this is the type of market that you look for. This is a trending market. So this tells us we want to stay in this space.

58:11Let's take a look at the RSP just for fun. So this is the equal weight. So your average S &P stock in here, and that's what that looks like. So it looks so much better than your market cap weighted SPY. So let's see. Our last one on here, and this is Ali's favorite chart, and Ali will be back February 17th, I think, right? That's right. Okay. We're looking forward to that. And then with this one, what we do is just focus on the 21-day and your low versus your 21-day. Are you above it or not? Have you been able to stay above it? We had a successful test a couple days ago here, and it could have gone the other way, but it didn't, which is great to see.

58:55But now our low is back above it. We want it to stay above as long as possible. NASDAQ, exactly what you think. It's just going above it, below it, below it. that's where you get all that chop from we'll take a look at the iwm completely different it looks like we're almost at 10 days right with your low above your 21 days so then you that's power trend type stuff so we will stop sharing here and switch over to um and some folks were asking about the the platform you're using that was trade station and uh now you're switching over to TradingView. And we will talk at the end about the market surge beta that is launching tomorrow.

59:40So we'll circle back to that because, yeah, I've been using TradeStation since the late 90s and super excited that a lot of the reasons why I use it, we're going to be integrating into the new market surge. So we'll talk about that at the very end. Don't let me forget about that. So here is our Webby RSI. This is the measuring the low versus your 21 day. And I do this in terms of ATRs. So over here, these numbers, if you can see them, that is one ATR right there. This is two ATRs and this is three ATRs. So you can see we're just down here, just like little baby thing on here, like 0.2, 0.3 ATRs where your low is above it.

1:00:28That's not enough to get excited about, but at least it's above it. Now let's take a look at the. Well, also, before you move too far, it's worth mentioning. I like what you said maybe last week or a week ago about there's still kind of chinks in the wall, right? You know, so as opposed to some of these really strong rallies where it's kind of this uninterrupted blue bars, you've got a lot of kind of blanks in there right now. Exactly. You want to see a wall, what I call a wall of blue, or some people call it a wall of sound, if you know what I'm talking about. So over here, this is coming out from, what is that, in 23.

1:01:12You can see this big wall of blue, and you see how it got all the way up to your three ATRs early on. That's a sign of power. That's what you want to see. and as a wall of blue telling you that your lowest state above your 21 day for a long period of time. When you get into this choppy stuff like we're in now, it's a little bit of a wall, then nothing, then a little bit of a wall, then nothing. And then what's worse is over here, this orange popped up, that burnt orange. That's meaning your high is now underneath your 21 day. And that's not what you want to see. Like that's what we saw during the whole tantrum over the tariffs over here where it bottomed out again at that three ATRs with your high underneath it.

1:02:02And that ended up being right around your bottom there, which is kind of typical. It's hard to buy there, but it's kind of typical. So now let's look at the – thanks for that, Justin. Yeah, this is not what you want to see. Like, this is not a wall. Like, who is that going to, walls keep people out or keep things in. That, like, is this going to, like, you can, like, step over that wall. Like, that's not what you want to see. Now, let's contrast that with IWM. And look at this. This is getting to where we want it to go. We want to see it even higher up to the three would be nice. And it's, you know, two, two and a quarter ATRs.

1:02:45And let's just look back in time. this has been so choppy all over the place. It got really back here. And that was in July of 24, where it really looked like it was going to go. And then it fell apart. So this is why we're not, we're very bullish on this. This is our biggest position on Swing Trader. I've got a position in it. We're actually doing the levered version on Swing Trader. But we also are aware of the history of how choppy this has been. And so we're cognizant of that. But, you know, the trend is your friend. And let's take a look at the RSP with this. And that is really nice. It got almost up to two ATRs this week, which is certainly nice for this instrument.

1:03:30So that is powerful. Now we're going to do our Bob Marley off high. And all this is, is looking at this a little bit differently. It's saying in terms of ATRs, which is over here, how far are you off of your high? Right now, we're one ATR off of our high. That's nice and healthy. Let's do the cues to change things up a little bit. This one is two and a quarter off of its high. And with this one, what you're seeing is each pullback is getting higher. Like this pullback down here, that was about five ATRs. Then this one was almost four ATRs. And then this one was like three and a quarter ATRs. This pullback was like 2.75, give or take, ATRs.

1:04:25So it's getting smaller. That becomes important. So if you were to draw a line on here, you don't want that to break down. So that meaning you don't want your next pullback to be lower than this last one, because that would be a kind of a change in direction. Look at over here when this was moving up in the summer of 25. As it was recovering, it was really over here when it started breaking down underneath that level right there where you started getting a change in character. And then that became choppier, even though it went higher. it become much choppier in there. And we'll look at the IWM as that is, you know, 0.69 away from that.

1:05:11And I just should add that this is using the lows, not the closing prices. So that's just in case you want to build this yourself. And then we will do the RSP. And so this one is only 0.79 off of there. And the green zone is four ATRs off your high. Yellow zone is four to eight ATRs off your high. and red is eight or more. We don't like that type of stuff. And so that was it. Don't let me forget to talk about the market surge beta, but did we have other things we needed to cover? Well, one of the things, and again, we don't have to belabor the point, but we do have a U.S.-based holiday on Monday.

1:05:55So there is, you know, sometimes a little bit different action to expect when everyone else's markets are open and ours are not. And then also, again, we had a triple witching today. So maybe just talk a little bit about that. Yeah, so we are in such a global market now versus when Bill first started trading or even when we first started trading that we're old now, Justin, do you know that? You are. I'm older than you, so you got that going for you. that everyone is still, who really wants to trade is still gonna be trading on Monday globally because you can trade our big stocks over in Europe.

1:06:38That becomes problematic, right? When everyone is closed for the same day around the world, maybe you just have some secondary markets open or something like that, then everyone's, you're not trading. But when some of the people are trading your stuff, but you're not, it's just more risk. So I dialed things back a little bit or we dialed things back a little bit with Swing Trader going into the three day weekend just because, you know, we wanted to have just a little bit of a little bit of a cushion there because you don't know how Tuesday is going to work out. Now, hopefully we just get a gap up.

1:07:12Now, what can happen is on Monday, if the foreign markets have a strong day and they've been, you know, European market and lots of areas around the world have been strong lately, that if that continues and then on Monday we're up around the world and then our stocks here, like the big ones, the Apples and NVIDIAs of the world will be trading over in Europe, that then come Tuesday, we have to play catch up to that. So then you could get some gaps on Tuesday, more so than you would get if it was the same, if it was a global holiday, more like a Christmas or a New Year's type of thing versus something like 4th of July or Martin Luther King or things that are specific to the US.

1:07:59So anyways, it just brings on some more risk. But when you're in an uptrend, it tends to go your way. when you're in a downtrend tends to go against you. So right now, that's why we didn't raise a ton of cash, but we raised a little bit just so we have something to work with on Tuesday. If instead of having a strong day on Monday globally, we have a weekday and then we have to play catch up with a gap down on Tuesday. That's what you want to just kind of always guard yourself against being put in a position where you're up to your eye. And I've done that before on a, on a non-US or a US-only holiday.

1:08:40And man, I got my head handed to me and it always stuck in my mind to always pay attention. Is this a global holiday or not? You just have more risk this way. And so it's one of those things. And I always, whenever we talk about holidays, I always say NYSE, please, please, please, I'd be happy to talk to you about having Veterans Day as a holiday that we observe, just like the bond market observes it. And I feel very strongly about that. And you'll always hear me talk about that. We deserve to give the veterans the credit that they deserve. Yeah, very good. And then just to kind of finish things up, because both Rachel and I have to do charts today because we are a little short-staffed.

1:09:29But market surge, some folks have probably gotten emails about a beta test. This is something that's been in the works for a while and time to start kicking the tires and see how things are working. So anything you want to share in particular about that? You've kind of alluded to some things, but... Yeah, so with market surge, we needed to completely revamp things from the ground up for us to be able to put the bells and whistles in that we want, like the WebE RSI and the regression and all the things that we go off and I'm using TradeStation or TradingView for. And we needed a complete overhaul.

1:10:12And so that's what we've done. So keep your expectations low, because although there's lots of new bells and whistles, when you get a major overhaul like this, you're going to have lots of bugs and things like that that end up happening. So I want to be honest with people. Expect a lot of bugs. With any software, new program. So just, I would keep both programs, the old one and the new one. And I'll just tell you, if you use the beta up on the top right-hand corner of it, if you want to go back to the old one, there's a little button where you click and just puts you back to the old one. Any of the changes that you make this weekend until we move over your screens and alerts and stuff like that, Just play around with the beta.

1:10:58Don't build new screens you think are going to be there or lists and stuff. Those are going to get wiped out when we merge things over in the coming weeks. So I just, you know, I want people to look at this as something fun, fun new toolbox to play with. Use candle. Candlesticks are finally in there. I've been asking since 1998 for us to incorporate candles with our products. So I'm super excited about that. And there's lots of like, it's now a platform that we did it with another company. And so they have a lot of their bells and whistles that are already in there that you'll now have access to.

1:11:38Have fun with it, but do be patient with it. And just because with any new software, it's going to take a while for us to get all the bugs worked out. So temper your enthusiasm, curb your enthusiasm, but be super excited. I would use the candles and use all the bells and whistles and have fun with it. Now, in a few months, then we're going to be rolling out new ratings and new other things. I'm totally revamping the Growth 250 and I'm doing all the ratings. I was lucky enough to do one of the ratings with you, which I'm super excited about, was the accumulation distribution. I think you and I haven't had that much fun since we did market school.

1:12:24So, right, it was like, you know, lots of fun. So looking forward to that. And, you know, so that'll be later. But right now it's the new beta platform. First things first. Try it out. Let us know what you guys think. But it's just going to get better. Awesome. Well, thank you very much for that. Hope you enjoy a long holiday weekend, Webby. And we will see everyone back on IBD Live on Tuesday. And of course, we will be having our Stock Market Today video as well on Tuesday after the close. Thank you so much for watching, everybody. And we will see you next week. Have a great weekend.

1:13:41Thank you. This is not a recommendation or offer to buy, sell, or retain any specific investment or service.