Hubert Senters here.

Let’s take a look at the Dow. We’ve had one wild ride today for sure. We’ve had a gap up situation.

Half a gap fill. And then a full gap fill then we plunge lower to account yesterday.

We took out yesterday’s lows. We did a double bottom here. And now we are climbing higher and we’re up $325 points. And it’s all mainly because of this stock.

Let’s go over and grab it. It’s MRK. Gapping up obviously and got a good little gap up here.

Now, I don’t like to trade these gaps per say. What I like to do is let them trade today and then put a horizontal bracket around these creatures right there so for the high for next week. I would like to get long that.

So in a bracket trade you want to be long above $84.29 or short below $80.68.

But you also have a few other things moving around but this is the story that’s floating around. That’s why the Dow moved.

The only problem with that story if you just read the headlines this thing already gap up when the Dow gap up pushed lower and then that news go out so.

Don’t believe everything you read on CNBC and Bloomberg and stuff. Think for yourself a little bit like there’s no way that gap cause the Dow to gap up.

And then go lower and then close up or trade up near its high. So it’s got to be something else.

And heads up by the time it takes you to figure out what that was you’ve already missed the move.

So if you just focused on the actual chart that you’re trading you’ll probably be able to see it even before the news comes out.

And there is a way to find these trades before they hit the news unless it is just a news related ouf a like earnings reporters or something like that.

And what you do is just scanning on a smaller timeframe. All you’re going to do is scan like a 10 minute chart or a 60 minute chart or a 5 minute chart. You’ll find these things.

I’m going to be hosting a webinar The Best Markets And Strategies To Trade Right Now. It’s going to be Wednesday, October 13th at 11AM EST. I’m going to HYPERLINK you to the Wealth 365 registration page so you can register for that webinar.

Good luck. Hope it helps. See you on the next video.

Hubert.