 the market or in any individual stock ETF or any asset class, it could not go higher in total. Welcome to access a trader, the number one community for those who are committed to taking control of their trading in order to achieve success, profitability and longevity. Thank you for joining us. Here's Dan Shapiro to help you find your edge, master your process and own your future. Hey guys, good to get everybody. Welcome to another edition of the access a trader.com nightly update show. Hope everybody had a great weekend. Again, I want to thank everybody who attended Kenyon Salos keynote was absolutely awesome. I knew it was going to be good. Okay. But unless you were there and you saw it live, you felt really incredible afterwards. At least I did. There was a lot of great self reflection moments. Really awesome. It's really, really great. It's just made, I know a lot of people just feel absolutely great about themselves. Just about the future. There's nothing to do about a motivational talk. This is going to be great. It's all about, you know, living your life with total fulfillment and pretty much getting the greatest aspects and living the greatest life. So for all you guys who are attended, who did attend, I hope you had an awesome experience just like I did. It was recorded and if you, for all you guys who are coming aboard in the future, it'll be in your disposal. Just an absolutely, like I said, great way to kind of get a vitamin B shot to your soul. Just made you feel good. So thank you very much. As always guys, again, we always appreciate your support. If you haven't done so already, please like and if you haven't subscribed yet, please do so so we can continue to bring you unbiased content. So let's talk about this unbiased content. So we've been digesting, right? And that's exactly the thing where we've been going on. We've been digesting these gains, this 10% gain that we had two weeks ago in the NASDAQ 100. Really, really awesome. We had a line in the sand that put in last week. We tested that line in the sand as well. And the most important part is all of this is happening on decreased volume, which is exactly what you want to see, what you want to hear. And the most important part is what you want to see progress until the next level. And then we'll talk about that in a few minutes. But the most important part is what we're taking out of it is it's very organic, right? When we had that 10% move, you could see it was just not sustainable. If you've been watching this broadcast for the last two weeks, all we've been talking about is this natural back test, right? Some good, healthy profit taking that we've been seeing in a perfect world. Again, if you've been kind of watching this broadcast, you kind of know, I would like to see a retest of this 50-day moving average. That would be kind of the area that the bulls can take a very, very aggressive stand and take the market higher. And this is the area that we talk about this 277, 278 level on the Qs, which is not that far away, right? So every single time you see a bet, you see kind of a run-up and reclaim on the 50-day moving average. What usually tends to happen is they come revisit it, trap and go. And if you guys remember the video from a couple of weeks ago, that's kind of the whole point. This is when we had this big, big rally, three-day, three or four-day retrays back into the 50. You could see this light blue line, trap and go. And that's kind of what we're looking for now. Just one more day. Just all we're asking for is one more day of selling. We can get into that 277, 278 level. Again, if you're a swing trader or if you're a day trader, right? That is the area that you kind of want to make a stand. Generally, the market does respect the first initial back test of a major moving average. So it should hold, right? It should hold at least that one time. That's kind of what we saw here today. We had a back test and we stopped right short of last week's lows, which kind of shows you and kind of illustrates what I'm talking about. So tomorrow, if we could just get one more fade, one more fade to this 277, 278 level, I do believe the bulls will step up, right? They will step up, defend those levels, and potentially we can have a reversal. Now, the green light, if that all happens, the green light has to be a previous day's highs, right? So the market, again, for all you new traders, the market or in any individual stock, ETF, or any asset class, it cannot go higher until it takes out the previous day's high, OK? That's just the way it goes. And the stock or an ETF or everything else cannot go lower unless it takes out the previous day's or previous range lows. And these are the kind of most important points. So where we start to worry, OK? And when I say we, I guess, perma bulls, I don't want to say the word we because we trade both sides of the market. But this is where the bulls should start to worry. If we start testing this 278, 278, 277 level and bounce and then lose it on a close, then the narrative changes. Then we have something completely different to talk about. And for us, we're just looking for that trend, the trend to continue and the trend to confirm so we can make feasible decisions based on our previous night's research. And we'll get to all the individual pivots and everything that happened today. But see, these are definitely the areas we want to watch for tomorrow. Big level, right? 280, 72 is going to be the line in the sand going into tomorrow, right? And if that starts building, I think we can get that 277, 278 flush. So what I'd love to happen tomorrow is kind of get a green open or get a flat open or even slightly red open. Take out this level, take down the shorts, whatever we're looking for for tomorrow. Ride it down to this 277, 278. Obviously cover everything and start going long at that 277, 278 number to see if the bull holds. All right, that's the perfect world. The problem is we don't live in the perfect world. And last time I was looking for a back test. You guys remember the previous Thursday, the whole day's move that I was planning for Thursday, played out on the pre-market for Thursday session. So that kind of really left the value to kind of zero. But here's the caveat. If we do have one of those exaggerated gap downs into support, then the market's going to do all the pre-market work for us. And then again, 278, 277 level, that is the area where you want to start a position and play it against the lows of the day because that will be defending this whole bias that they reclaimed going all the way back to November the 10th, which was the CPI data. So that's kind of what we're set off for tomorrow. So in case we gap up, 282 line in the sand for a remount, bounce 277, 278 for back to the upside. And the most important part is if we do close below 277, then obviously we have a whole different conversation ahead of the Thanksgiving holiday. Speaking of Thanksgiving, if you are just watching this broadcast just today and taking the rest of the week off, I want to wish you and your family a very happy and healthy Thanksgiving. Enjoy what you have. Everybody wants things. Everybody thinks the grass is always better. But live the life. Love the life that you have and not the life that you want. And it's very, very important to understand that and really respect all the blessings that we have every single day. So let's talk about it. Let's talk about today's session. Again, as you can imagine, the week of Thanksgiving is a very quiet as far as activity and violence, because there's no events. There's no fed speaking. There's no this, no that. So there's very limited things that is going to jitter the market other than some random something that comes out out of anywhere, any part of the world or some sort of political debacle. Having said that, the market is very organic. It was trading incredibly organic today. 80% I would say 90% of all our value today was to the downside. The one name that we were looking to the upside today only went up 50, 60 cents again. We'll get to the pivots in a second that came right back down. But until the market sorts itself out and really starts testing that 50-day moving average or retesting the 50-day moving average, it's going to continue to play itself out to drag lower, to drift lower just because we haven't seen the ability in the last two weeks to take out a previous day as high to cut cord with the selling cycle. So all that is very, very meaningful. The volume is going to die out. You're going to see that because Thanksgiving is the most popular travel holiday in the calendar, a lot of people are going to be off as you probably see it. A lot of ranges are probably going to be shrinking. So the value is always going to be to the downside because they continue to drift, drift, drift, drift. And you will see that on the pivots that we had today. But what's interesting is by Wednesday, right? If the bulls don't reclaim at least the previous channel by Wednesday, I think we're going to draw out this little selling until after Friday session. Friday is a half-day, Thursday we are closed, and Wednesday is a full day. But I have a feeling if tomorrow gets quiet within the first hour, then Wednesday is going to be an absolute ghost town. So again, there's a time to press and there's a time to kind of scale back. Again, listen to what the market's telling you. If the market is resting, you rest. If the market's giving you value, then the value you shall take, just like every other professional trader. So let's talk about the tape, right? So I would say 90% of our watch list today was to the downside. The only couple to the upside were Walmart. We'll get to that. Walmart, Amborella, and Microsoft. Walmart actually behaved really, really well. So let's talk about it. They continue to sell Tesla. Every single broadcast that I've been recording over the last two weeks, again, Tesla's the only stock that didn't rally, the only one of the very few stocks that didn't reclaim the 50-day moving average. And now every single level is just being taken down. It went from that 193 initially, all the way down to 88, to 86, to 82, to 77, which was the macro breakdown. And today it started building pre-market lows 175 and got all the way down into the 167s. And they're coming for some, I mean, they're not playing around. I say they, whatever the hell they are, but they're not playing around, man. They are coming for the 165 weeklies, the 160 weeklies. We saw 150s for next month. We saw 130s for like, you know, for like February. So there's something going on. Again, honestly, I really don't care what's going on. Every day is just giving us some really good value in the trade. And every single day, knock on wood has been trading organically. So here's the pivot today. 175 held twice pre-market. If it builds below, it can flush more. So here is, here is the 175 pre-market here. You see it held twice. You see that? 175, 175, started building 175 and just died on a vine went all the way down to 167. I have to assume you'll get at least one or two more days of selling before a possible dead cab bounced there. So really good move there. Amazon 9248, if it builds below can flush. Amazon again, another one they started coming for the 90 weeklies, the 88 weeklies, the 88 for next week. Again, took out the 92, 48 on all the way down to 90 and change. So nice move there as well. NET, again, these cloud stocks continue to get hit, right? 46, 30, 46, if it builds below can flush, right? NET, so here's NET, cloud name. And I'm sure a lot of you guys have seen snow set up and all that stuff as well. So it took out this 46, 30, traded all the way down to 44, 65. Walmart, one of the very few names to the upside, had a great quarter, right? Well, at least on paper, digested its earnings report, 150, 30 needs to confirm. Here is Walmart, right? Beautiful, right? Beautiful, beautiful flag. It got above the 150, 30, and went all the way up to 52 and change. Nice move on Walmart. NVIDIA never gave us a second entry, 151, 20, only went down like 40 cents, never gave us a second entry, kind of held up. Ambril, I wasn't watching, 76, 60, 77 needs to build. I don't even know what the hell this thing did. AMBA, let's see here, AMBA, yeah, it didn't even confirm. Microsoft was, so I got long Microsoft. I got long Microsoft and it went up about 50, 60 cents. That's it, 50, 60 cents. It was actually a beautiful chart. It really does show you a really nice looking chart, right? We held three times, we got rejected 43, 80. So I got long, only went up like 50, 60 cents and then came just crashing in. So I lost a cup of coffee there, breaking even pretty much on that. Microsoft and I think that is it. So we had some pretty good, a Roblox. Roblox was really good. Roblox had a really nice trade in Roblox. It started taking down the 31 area, 31. It confirmed 30, 68 and just dropped like a dollar and changed really nice move on Roblox as well. So that's it. Look, I think tomorrow is going to play out kind of like today, right? You're going to get some value, you're going to get some opportunity because the market right now is just, I don't think there's anybody there yet to defend prices. Yeah, yeah. After Thanksgiving, we'll probably paint the different picture because a lot of people are traveling this week and spending some time, taking some time off, enjoying the start to the holidays. But again, going into tomorrow guys, this is an incredibly important area here. Again, it shouldn't be any shock if it takes out the level it starts building. 280, 72 was the low from three days ago. 281 was the low today. So if it starts confirming, I do believe we get a move down to this 278, 277 level. But in case it gaps down to 277, 278, then there's a possibility we could finally have a washout trap at the bottom of the channel and go red to green for a possible move up. So that's it guys. Guys, God bless everybody. Stay warm. Stay safe. It's a robust 27 degrees here in New Jersey, absolutely freezing and it's dark right now at 430. So I'm gonna need that dosage of Prozac to go higher. Guys, God bless. Have a great weekend. Have a great Thanksgiving. And with God's help, if you're trading tomorrow, we'll see each other then. Take care.