SUCCESS STORY

Jerry,

I bought 5 call, contract of the Sep. $37.00 strike on the QQQQ on 7-20 for $1.92 and sold them on 7-23 for $2.82 a 46 percent profit.Also bought 2 Fluor CORP call, contracts of the OCT. $45.0 strike on 7-16 at $7.30 and sold them on 7-23 for $8.70 for a 19 percent profit.Was thinking of holding on to them but got nerves with all the talk about a pull back.Right now I have 2 call, contract of Amzn the SEP. $85.0 strike and its up 8 percent.It's hard to sit and wait with all the talk about a retracement ever day.I've sold several contracts already just to watch them go up over the next couple of days.That's alright though as long as I made some money on them.

Thanks for all the help.

Mark W.

SUCCESS STORY

Hey Jerry

I have to say I have been able to make money even while being too cautious. I bought 600 shares AXP 23.61 on 7/13 then sold it for 25.15 on 7/15. I bought those without option but i went with your picks. I should have done it with an option but still made 904 dollars. Thank you Jerry for taking the time to help. I know without this blog i would have missed out on that. Next time I'll buy options a lot cheaper.

Thanks for caring

Brandon S.

SUCCESS STORY

Jerry

Yesterday 3:43 ET I bought 4 SPY 99 Calls at 2.71 and sold 3 around 10:30 this morning for 3.71. My target is SPY 100.

I also bought into two Virtual Investing Club picks a couple weeks ago. MON OCT 80 CALLs (2) at 4.70 and sold one at 9.05. My target price is MON 30 by 9/4/09. LUK SEP 30 Calls (10) at 0.10 was the other. It is even and will double LUK = 26. I've also got DRYS that hasn't moved and a stinker I'm too embarrassed to admit to.

BTW - I enjoyed the course and very much appreciate your teaching style.

Jim

SUCCESS STORY

Jerry,

I have bought XLF call options Aug-09 at strike price 12 on your recommendation on July 22 at 50C

and sold it yesterday at 95C at 95% gain. I bought BIDU at 266 and sold at 296 within two days of your

recommendation. I sold it a bit too quickly to raise the cash.

I have also bought Sep call options for BAC, FLR, and VCLK. Currently they are in the money at about

15-20% gain. I am planning to take some profit off today.

But I am down more than 50% on BUCY call options and will exit the trade today.

regards,
Kenneth

SUCCESS STORIES

We need some success stories. This blog takes up a lot of my extra time. I don't mind using that time if I feel it is making a difference for you. If you have had successful trades...either from trading my recommendations (I was about 90% accurate on my last batch of recommended patterns) or just finding your own...please take the time to share them with me...and the other followers. Send those e-mails to jerry@myoptionmagic.com. If you are struggling with you trades...or you have had some losing trades recently and need to get back on track...please e-mail me for help so that I can get you back on track. Remember...being a follower of this blog does not mean that you just watch what I am doing. I want you to follow! Don't just watch me make money...make some money for yourself! I'm sure that most of you have been making money these last few weeks and have just neglected to take the time to send in your stories. If that's the case, I'll expect those stories by this weekend...how's that for a deadline. Have a great weekend!

LOOK OUT!

We got the big move up that we were expecting...and it looks like the start of the big move down. Today's candlestick pattern looks like a reversal could be underway...at least for a little while (see chart 1). The gap up and run up this morning was impressive, but the sharpness of the drop near the end of the day was a cause for concern. Over the last few days the buyers had been coming in every time the market dropped. Today they decided to sit on the sidelines. The GDP report comes out tomorrow morning. Perhaps buyers wanted to wait to see whether or not things are improving. Today's late session sell off did form a possible bullish ABC pattern which could mean we might have one more attempt for the S&P 500 to get above 1000 (see chart 2). However...the bigger context of today's move makes me doubt that it is a bullish ABC pattern. I'll be watching the price action as soon as the market opens. We should know early on which direction we'll be going. If we gap up or rally up to the 990 level on the S&P 500, I think we will make a run for 1000. If we break below the previous resistance (now support) around 982, I think our correction will be underway. Remember though...I don't know the future. I'm just looking at some of the probabilities. If we do sell off, I don't expect it to be a huge move. There are a lot of buyers that are eager to get into this market but have been afraid to enter at these elevated levels. Some of you might be included in that list. I still think the safest play for most of you would be to wait for the pullback and start looking for stocks you would like to get into. I think the 950 area would be a good target for the possible pullback.

DITTO

Today was almost a repeat of yesterday...almost. We didn't get the big rally at the end of the day, but we continued to chop sideways...and slightly downward. Wait for the breakout (around 982) before buying any calls. Also watch the S&P 500 futures tomorrow morning before the market opens. You could see how China's market trades overnight (it was down over 2% last night), but the S&P 500 futures should reflect the move tomorrow morning before the market opens. To find the futures information, go to www.cnbc.com. Click on "markets" then "pre-markets".

ONE MORE MOVE UP?

The market was down once again (100points) and the buyers came in and caused it to rally back up. This resilience can't be ignored. The more the market moves sideways here, the more likely it is to have one more push up. Tops are usually formed by an impulsive move up, followed by an impulsive move down. In other words, they tend to reverse sharply. We have bumped up against resistance for the last 3 days. The pattern has been sideways. Whenever you see a stock start to move sideways, the higher probability is that it will continue to move in the direction of the previous trend. Since the previous trend is up, I think we could get one more move up. If we do get another move up, be prepared for a sharp reversal. In other words, don't buy in big if we breakout here. I still think you should buy, but buy in very small amounts so that you don't get your head taken of if the trend suddenly reverses. I thought we were getting our sell off earlier in the day. The VIX moved up and the market dropped very quickly. Then it reversed and almost finished the day positive (the Nasdaq was positive). There is a possibility that we still sell off and finish a correction, but I would say that the higher probability is that we continue to push higher in the short run. Watch the 2000 level on the Nasdaq and the 1000 level in the S&P 500. If I was looking for a sharp reversal point during an overbought market, I can't think of a better place for things to reverse. Be ready to buy in if we breakout above the recent resistance...the resistance over the last three days. I don't see a lot of individual stock patterns that I like right here...at least not for new entries. I think the smartest way to play a breakout...if we get a breakout...would be to play the DIA, SPY, or QQQQ. You could also try some of the leveraged ETF's like the BGU, MWJ, or QLD. The key is to wait for the breakout. I could be wrong and selling could begin right here. Ahhh...to know tomorrow's move today...wouldn't that be nice? Remember what I always say...trading is about managing probabilities, not predicting the future. If we breakout, the probabilities say we are moving higher. I will reiterate what I said yesterday...the easier money will be made to the upside in this current market. Buy breakouts or wait for pullbacks. Don't try to short this market...at least not until the market tells us to short it.

OVERBOUGHT???

It is hard to buy into a market that is this overbought. I see a lot of nice patterns, but I want a pullback before I jump in. This doesn't mean that I recommend buying puts on the market right now. A lot of money is lost in trying to pick tops and bottoms. In fact, a lot of traders will give back most of their gains they made during a trend when they try to pick the trend reversal. Like I've been saying for the last few days...wait for the pullback for new positions. We had a spike today on the VIX which was an indication that traders are finally getting a little fearful that the trend is maturing. I will watch this indicator closely tomorrow to see if it continues to move up. The VIX usually moves in an inverse relationship to the market. It will spike up when the market moves down and move down when the market trades up. The VIX is considered a "fear" indicator. When it spikes up, it usually means that traders are rushing to buy puts to protect their long stock positions. Today's move was interesting because the VIX moved up AND the market moved up. When this happens, I look at the move as a possible leading indicator. It could indicate that traders fear we will sell off in the near future so they are buying puts to protect themselves. We didn't get a huge move up in the VIX so we would want to see more confirmation. That confirmation could either be another up day in the VIX (with the market flat or slightly upward), or a sell off that confirms the rise in the VIX. If the S&P 500 drops below a short term moving average (like a 5 day or 10 day moving average), you could look at buying some puts for a short term trade. Be careful though. The easier and safer money will be made from the bullish side until this trend significantly reverses. There aren't too many "big" earnings releases in the next few days. This would be a great time to get a sell off if we are going to get a sell off. Keep an eye on DRYS and EXM. DRYS is reporting earnings this Friday. It spiked up today on high volume even though there was no news. It looks like it has recently completed a bullish ABC pattern and there is a nice potential reward for the risk.

BULL STILL LOOKING STRONG

The bulls always look the strongest right when they are about to be trampled. This is why we will enter this week with cautious optimism. The market is overbought and it should pull back...but that doesn't mean it will. I've seen many of these moves before. If you do want to try to pick a possible selloff from an overbought condition, look for a key signal that doesn't come from your "gut". Look for some early clues like a drop below its 10 day moving average or a spike up in the VIX. For example, you could go long on AAPL until it breaks below its 10 day moving average or if it fills in its most recent gap. Then you could choose to go short, or wait for a correction to complete, or trade any clear new trend that develops. I think we will be closer to a pullback when we see the VIX start to spike up. As long as the VIX keeps going lower, the uptrend will continue because the market is confident it will continue. This might be a bit late, but look at the XBI this week. This is the biotech ETF. There are a lot of biotech and health care related stocks reporting in the next few days. Now that Health Care reform has been delayed in congress, we could start to see a sharp rise in some of these companies. Also watch Energy this week. There are a lot of energy related companies that are reporting in the next two weeks. Now keep in mind that 80% to 90% of stocks follow the major market averages. If there are some great reports by some of these companies and the overall market is down, the market could drag the good companies down with it. For those that were timid to get into the market, you missed the "easy money" of the last two weeks. Just check the stocks I recommended. There should be more fun in the next two weeks, but the trades might take a bit more work. Have a good Monday.

BREAKOUT

Today's move was a strong breakout from the resistance area we've been watching for the last few days. There was a lot of participation in today's move which shows this uptrend is still strong. Microsoft, Amazon, and American Express all disappointed the Street after the market closed so we might get our pullback tomorrow. The futures are currently down at the time of this posting, but a lot can change between now and the market open. If we do pullback, look for us to retest the previous resistance (around 950 on the S&P 500), before continuing the trend. We don't have to pullback all the way to 950. Consider any pullback an opportunity to enter new positions. Notice how we managed that last move. We took profits as we were hitting resistance (after several "up" days in a row), but we held on to a few contracts in case we continued to go up (and higher we went). If we do start to sell off tomorrow, we can sell those remaining contracts and add to the nice overall profit in the trade. Great traders take some profits off the table...even if they think the trend will continue in their favor.

FLAT DAY

Today's move was mostly flat, but I don't consider it a pull back...especially in the Nasdaq where we've moved up 11 days in a row. We didn't even do that during the internet bubble in late 1999 and early 2000. I'd like to see a bit of a sell off before getting aggressive again because this move is not sustainable...at least there isn't a high probability of sustaining this current move. I will sit back and see if we pull back a bit in the next few days (at least give me one day!). Even if we clearly break out of this resistance, we will probably pull back to retest the breakout. This is a good time to be patient. We should be able to have some nice profits in the future as long as we don't make any dumb or emotional decisions right now.

PULL BACK IN SIGHT

How's that for a flip flop from yesterday? The S&P 500 has been up for almost 7 days in a row (last Friday was down just a fraction) and the Nasdaq up 10 days in a row. We are due for a pullback. Today's price action was weak for most of the day. The candlestick patterns, the divergence in the technical indicators, and the consecutive up days point to a sell off coming. Bernanke's remarks must also be part of the equation. The question now is how much it will sell off? I took a lot of profits going into the close today. I will wait to see if the market pulls back...and if it does, how it pulls back. I'll go back to my remarks yesterday...if the S&P 500 closes below the 10 day moving average, we could be in for a bigger pullback...or at least a more sideways trend. If the market pulls back a bit and the buyers return, we could continue this remarkable run. I will watch the earning coming out in the next few minutes and see what the futures look like tomorrow before the market opens. If the Apple earnings are great, we might gap up at the market open. If we do, see if the market can push higher. If it can't, we will probably start to sell off. Wait on getting into new positions. Look to take some profits tomorrow (if you haven't already done so) on any remaining positions. You could hold on to a few contracts in case we move higher tomorrow...just don't risk a large amount. I still think this trend will continue, but it might pause a bit in the short term.

NO PULL BACK IN SIGHT

You can now see why I told you to jump in this market. These are the kind of trends that make you a lot of money. I thought we might pull back a bit today but we rallied up and broke the 950 level on the S&P 500 (just barely at 951). Normally I would anticipate a pull back at such a resistance area, but we have earnings from Apple tomorrow, Morgan Stanley and Ebay on Wednesday, and Microsoft and Amazon on Thursday...and those are just the main headliners. There are a ton of stocks reporting this week. So far the numbers have been great. That is why I feel like we might not get much of a pull back to buy into. You can play just about any stock in this environment, but I would recommend that you still look for the best stocks. Stick to a criteria like the one I gave you in the Option Magic course. You could also play a lot of ETF's. Since there are a lot of technology earnings out this week, you could play the QQQQ or the QLD. For financial stocks, you could play the XLF or FAS. For energy, the XLE or the ERX. I'm going to continue to be aggressive until the S&P 500 index drops below its 10 day moving average. Once it drops below the 10 day moving average, I will begin to get more cautious. I just don't see it happening over the next few days. If it does...well...you will see it before I can even write about it.

BIG EARNINGS WEEK

There are a lot of earning coming out this week. Most of the big ones start on Tuesday. Because of this, we might see a sideways to slightly downward/upward Monday...at least early on. There is a lot of resistance around the 950 area in the S&P 500. If we break above it tomorrow, we could really take off. If you already have positions in the market, wait for the next big move (or moves). If you are still getting in, watch the market throughout the day tomorrow to see if it gives you some entry patterns. The market is a bit overbought, but that doesn't mean that it has to sell off right here. I've noticed that the market is doing a lot of its "selling off" during the market day. In other words, it is selling off within the day and rallying at or near the close. This creates an illusion that there have been no pull backs.

SUCCESS STORY

Jerry,

Following your training and blog has been of great value.

I purchased Call options in Amazon, DIA and Spy Tuesday and sold them Wednesday an average 66% net return.

Thank-you for all your help.

Rob A.

THE BEAT GOES ON...

The early part of the day gave you an opportunity to buy in. We were flat to slightly down at the market open. We rallied up pretty strong at the end of the day and we are heading into the July options expiration tomorrow (Friday). Expiration Fridays tend to be flat or down days. I mentioned last night that if today was up strong, we could get a sell off on Friday. 95 points is kind of in between. I think we could be flat or down a bit tomorrow, especially since we have been up four days straight in the S&P 500 and five days straight in the Nasdaq. If we are flat...or down a bit, look at that as a buying opportunity for new trades...unless we start breaking below key support levels or moving averages. If you have made nice returns over the last few days, take some profits off the table but hold on to a portion of your position. We should pull back a little at some time, but I still think we will continue to move upward for a few more weeks. We had some big recommendations over the last few days. IBM, BIDU, AXP, and STEC lead the list. Many others have done well...but I won't list them all again. Use the trend analysis I taught you in the course to select your trades as well as manage your trades. If you have questions on how to do this, e-mail me and let me know. If you are still nervous about entering the market, paper trade these patterns and see how they do. We will always get opportunities to make money in the market...either to the upside or downside. When the market is trending strongly in a direction, you want to jump in and ride the trend. If the trend continues, the money you make will feel like "easy money". When the market trends sideways, it is often more difficult to make money and you can start to feel like you don't know what you are doing ("hard money"). I'm encouraging you to be more aggressive, but I'm not telling you to check your brain at the door. Set stops, watch the moves each day, and check the trends to see if they are still acting like trends. Remember the characteristics or fundamentals of an uptrend/downtrend that I covered in class (or will cover in class for those of you that are new to our program). These characteristics will be the clues as to whether or not we will likely continue the trend...or reverse it at some point in the future. Please take some time to send me your success stories so that I can get them posted.

GET OFF THE SIDELINES!!!!!

I was kind of joking (in yesterday's post) about getting a 300 point rally today. We only got 256. Sorry for being so far off. We are up almost 500 points since Monday. Now is the time to make money!! Let me review Monday night's recommended patterns...STX up 8%, WDC up 6%, CTB up 15%!!, MFE up 6%, STEC up 5%, AAPL up 4% ($5 in two days!), AMZN up 4%, GOOG up 4% ($15 in two days!!), BIDU up 9%!! ($26 in two days!!!), GS up 5% ($7 in two days), MS up 5%, AXP up 14%!!!, and XLF up 5%. I added IBM last night and it was up 4% in one day! That's a lot of big moves. Send in your success stories so that I can get them posted. What we saw to day was more short covering than real buying, but I think the real buying is coming. It looks like the market is starting to trend again and we could start breaking out of this sideways trend we've been in for the last couple of months. We saw a spike up in the VIX today. A spike up is usually associated with fear...and often a move down in the market. What the spike in the VIX tells me is that a whole lot of traders were expecting a continued trend down (and I was one of them). Today's move caused a spike in implied volatility...is the market going to continue to go up several hundred points?...or is it a suckers rally and we are going to crash back down? This is what the traders are contemplating and what is causing the spike in the uncertainty. Mostly I think traders realized that we probably won't go down any time soon and they are scrambling to get out of short positions or hedge themselves on trades they are still in. This is why I am getting very aggressive in my admonition to start getting into trades. We are only in the first week of earnings. We still have big reports coming out tomorrow and Friday...and a lot next week. If you made big gains over the last two days, sell some of the positions and take some profits...but also hold on to a few contracts over the next few days. For new positions, look for any pause or pull back as a good reason to get in...but don't wait for too much of a pullback. We might continue to make some big moves. I think this is similar to the move back in early March. This is the time to get more aggressive and to put more money into the market. Don't get crazy on me though...you still need to use stops and realize that I could be wrong...but I don't think I am. Tech is exploding, Financials are close behind (although I still want to see the JPM, BAC, and C numbers), and Commodities (especially energy) could be next. I still like those previous recommendations. I will add FLR, BUCY, FCX, WFC, RAX, ARST, EJ, COF, BLK, EQIX, ROK, RVBD, VCLK, and STAR. Watch the market open tomorrow if you can. JPM should report earnings before the market opens and it will probably set the tone for the rest of the day...especially for financials. GOOG and IBM should announce after the market closes. If the market pulls back at all tomorrow, look at that as a GREAT OPPORTUNITY to get set up for Friday. If we get a huge move tomorrow in the markets, it might make it difficult for another huge move on Friday...especially with Friday being June option expiration...so you would want to take some profits at the end of the day. Try to buy out a couple of months (expiration) if you can. The volatility is pretty high for current month options...July and August. If you can go out to September and October, you might be better off...even if they will cost you more money. You probably won't hold on to them that long, but you will have less of a chance to get hit by a volatility vacuum. GET OFF THE SIDELINES!

FEEDBACK

Thanks for all you do, your insight and experience helps my trading immensely I always recommend optionmagic to anyone interested in trading education. Have a great day.

Sincerely

Keith H.

MARKET PAUSE

Today was a normal consolidation move after yesterday's rally. Watch the open tomorrow (if you can). The market could gap up due to the positive earnings report from Intel. Intel was up another 7% in after hours trading when their report came out. If you had a trade in INTC, you might consider selling at the open if it has a big gap up. Usually when stocks gap up in a big way (after their earnings report), they often begin to quickly sell off as the professionals take their profits. If Intel does this, it could cause the whole market to do it as well. In other words, the market could gap up at the open and begin to sell off. Intel's news was good, but the market would probably need another catalyst to take it higher tomorrow. I don't see any key company reporting tomorrow...which could cause the market to pull back a little. I like the Technology sector during this earnings season. Intel was the first...Google and IBM are on Thursday...and AAPL and AMZN are next week. Keep an eye in financials as well. They are a bit riskier due to the uncertainty of the other financial stocks (we knew GS would blow away their numbers). I like all the bullish ABC patterns I see, but the true test will be on Thursday and Friday when JPM, C, and BAC all report. These ABC patterns could lead to another spike in financials...or they could implode. Many of these financials are below their 50 day moving average which make the trades a bit riskier. Use stops and don't hold on if they don't move much. These stocks will probably move quickly...one way or the other. There probably won't be any small moves up or down once the announcement is made. If there is a small move, I would look at it as a reason to bail...not a reason to give it one more day. A gap up in the morning tomorrow...followed by a pull back by the end of the day...this would set the market up for a strong possible bullish move going into the big announcements on Thursday and Friday. If a sell off tomorrow goes below yesterday's opening price, then I would have to rethink any expected rally on Thursday and/or Friday. Who knows...we could just go up 300 points tomorrow and get it all over with. I still like most of yesterday's picks. Especially CTB, MFE, and BIDU. Today's move allowed a great chance to get into a lot of them. I'll add IBM to that list. I might be a little early on this one (it might need some more confirmation), but I like the report from INTC and I think it could help rally a lot of the tech stocks.

SUCCESS STORY

Hey Jerry

Welcome back from vacation. I wanted to let you know I bought 4000 shares of DRGZ right after the open this morning @ 1.18 per share and sold the last 1000 just before the close. The selling price over the entire lot averaged 1.87 for a net profit of 2710.

Thanks for everything

Keith H.

STOCKS TO WATCH

With the big move in the market yesterday and the big pullback last week, there are a lot of nice possible bullish patterns to look at. Some of these could use another day of confirmation (like the financials). The list includes a lot of tech stocks as well as financials. Note my market analysis in the previous post. Some of these moves might just be short rallies that lead to another move down. Keep that in mind as you manage your trades. The patterns I like include STX, WDC, CTB, MFE, STEC (wait for a small pull back on this one...the move today was pretty big), AAPL, AMZN, GOOG, BIDU, GS, MS, AXP, or the XLF. Additional confirmation might include a break above the 50 day moving average, a break above a resistance area or line, a break above a trend line, etc.

IS THE CORRECTION DONE?

Its good to be back. We had a nice decline last week which has created some great possible bullish opportunities going into earning season. It looks like we might have completed a bullish ABC pattern in the SPY and DIA. Today's move was strong and should continue. The only thing that concerns me is that the total retracement is less than 38.2% from the March low to the June high. This does raise a possibility that we will have another move down before starting any significant trend upward. Today's move was strong enough to believe that we should continue to move up in the near future...but then we could possibly sell off again. This possible pattern is called a double zig zag or a complex correction. This ABC pattern we see could possibly be just a wave A. This means we could rally a bit to complete a wave B, then sell off in a wave C that could bring the retracement down to the .382 or maybe even the .50. This would work nicely into my longer term expectation. I think we could get a pop from the earnings coming out in the next few weeks which could be followed by a drop in August and maybe even September (or at least a more stagnant or sideways trend). We could then start the next significant trend going into the end of the year (October, November, and December). Watch the transportation stocks (or the Dow Jones Transportation Average) as an economic indicator. Moves in the transportation stocks can be a leading indicator for changes in the economy. I will watch trends in the railroad stocks, trucking stocks, airlines, and shipping companies (like FDX and UPS).

YESTERDAY'S MOVE...TODAY!

This was the move I was expecting from that bearish formation on Tuesday. The resistance has held and now there's the stronger case for the head and shoulders pattern working out. Actually, wouldn't look too much into today's market move unless you just got crushed in a trade. I got most of the sentiment right...just a bit too early. The false patterns didn't help too much either. Keep trading ABC patterns. They don't always do what we want them to do...but when they do work...they provide great opportunities. Earning season is approaching again. We should start to see the big earning waves starting around the 13th. Have a happy 4th of July weekend and I'll see you in a week.

WHAT HAPPENED?

Let me show you the short term pattern I was seeing in the S&P 500. You can see the bearish ABC pattern that should have resulted in another move down. This first move down (Tuesday) looked like a wave A of a larger bullish ABC pattern formation. The choppy and rising move looked like a wave B and I was expecting a sell off to complete wave C. I was then going to look to go long and trade the next move up. Well, we gapped up at the open with very high participation (advancers were much higher than decliners). I got stopped out of that short term bearish trade, but some of the other bullish patterns did very well (SMH, STEC, STX). By the way, almost all of these bullish picks still look very good. Some of them have pulled back a bit and created great buying opportunities. We are at the critical 930 resistance area. This could be a head and shoulders pattern which would probably lead to another big sell off. However...if we can break above this 930 resistance, we should be able to run up to the next resistance area around 950. This is why those bullish patterns I posted a few days ago could work out very well. I think we could break this resistance...mostly because everyone out there is calling this a head and shoulders pattern...and you know how much I like to go against the "crowd". Also, look back at that 15 minute chart. You can see a possible bullish pattern formation (choppy and falling) taking place today. With the markets closed on Friday (4th of July holiday), trading should be very light tomorrow. I really wouldn't trust any break out (or sell off) on light volume...and going into a holiday weekend. By the way, I will be going out of town until next Thursday, July 9th. I need some more success stories to post on the blog. Please take some time and send those in. I'll try to post something tomorrow before I leave, but if not...have a great weekend and I'll see you next week.