 ETF side versus individual equities is really a completely different conversation. You hear people talk about it all the time. Well, why don't you trade ETFs versus individual stocks? Individual stocks trading on merits. Welcome to Access to 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 evening, everybody. Welcome to Monday's edition of the AccessToTrader.com, nightly wrap up show. Hope everybody had a good day. Very, very aggressive action, especially off the open. Bulls got very, very lucky today. And when I say that I don't speak from a perma bear or a perma bull kind of point, just kind of from the point of technical analysis and we'll get to that in a second. But we talked about over the weekend that you needed to be prepared, and I'm sorry for speaking like this, I bit my tongue so hard. As everybody knows when you bite your tongue, you speak weird, so forgive me for a second, but we spoke about over the weekend how we really needed to be prepared from both sides of the market. When you looked at how the indexes closed on Friday, you had your first close on SPY below this rising support. You looked at the diamonds. The diamonds were bleeding, right? They were bleeding a little bit and they needed one more day to get it lower. And the one index that was strong compared to everything else was the QQQs. And the question was, where are they able to hold up? Because again, even if you don't trade the apples of the world, the Amazons of the world, the Facebooks of the world, they still represent speculation money. If there's a strike with speculation money, you are going to have a very, very aggressive time defending your positions. And what we saw this morning was a perfect scenario of being prepared. I think that's all it was. We talked about over the weekend, names like AMD, right? AMD for three times held 105. We talked about how Tesla, if it lost its 10-day moving average, and we'll get to Tesla in a second, how incredible the wash was this morning, but as impressive, the remount, right? The remount and it reclaimed all the moving average. But again, we'll get to that in a second. So I think the biggest takeaway from Tay's action was, number one, Bulls did a great job because it looked like around a quarter to three, just I logged off around a quarter to three about an hour and changed left to the market. I said to myself, man, if we get a week closed tomorrow, I'm going to be 100% sell buys. I mean, there's no doubt in my mind. How can you not be 100% sell buys if the S&P, the Dow are all below supply and the QQQs, again, when I was leaving, they were right here sitting on the 20-day moving average. And so the Bulls did a phenomenal job. They defended all the price action and nice little jerk rally into the end of the day. Now, does that mean it's going to spill over in tomorrow's session? You know, again, we don't know, right? We don't know, we're not fortune tellers. We can only do our research, which is tonight for tomorrow and just be prepared like we were over the weekend. And what we saw today at the open was probably one of the more aggressive rug pulls I can remember in technology. They all went at once. Square, AMD, Tesla. What else was there? Square, AMD, Tesla. We'll go through the pivots in a second, but it was incredibly aggressive. Square was my trade today. I missed Tesla, which sucked because it's usually my favorite name, but you got to take the one that goes first, right? But really aggressive pull. And when you look at from the pure closing aspect of where the market is, now we have very definitive lines in the sand. So we already know the cues, defense that 374 level, right? That's the line in the sand. There is no room for interpretation. So any close below 374 on the cues, it's gonna get more aggressive to the downside. When you look at, for example, the SPY to the bull's credit, they took out yesterday's low, put in a new low, and now this 444 level is a big number. Any bill below 444 on the SPYs, then you have this really aggressive move back to the 50 day moving average of roughly 440. So at least we know from their data point of view, at least we know, especially if you're a bull, if you have positions, you have inventory, at least you know what your max pain is if these areas get confirmed. If they get confirmed, again, I don't care how great your stock looks fundamentally where you believe the stock is gonna be in 10 years, while for the short term, if those prices get confirmed, there is going to be an added aggression of selves. But on the point of reference, kind of where we close, at least we did, well, we did, the bulls did a good job reclaiming levels. Now the question is, do they build on today's less ditch effort, right? They build on the tomorrow or do they give it up, right? If they give it up, start losing today's channels and start moving lower. And the one thing that we saw on Friday, right, was a big gap up and they sold the market. Today the same thing with the SPYs, right? They gaped up the market, they took them down, they took out the previous low lows and they put in a new low for this channel. But again, in their credit, they reclaimed it right back. So again, the ETF side versus individual equities is really a completely different conversation. You hear people talking about it all the time, but why don't you trade ETFs versus individual stocks? Individual stocks trade in normal merits. ETFs, again, when you have an SPY, you have 500 of these stocks. So if one is strong, one is weak, it's not gonna go anywhere, right? And so this is a microcosmic of a whole big macro universe versus one individual stock, you could take full advantage of the price action and organic order flow. So again, there's so many algorithms because of the liquidity of the spies, it's almost too much liquidity. That's one of the reasons why it's just, you can't get that clean move versus an individual equity compared to an ETF, the whole organic universe of that index. But again, going into tomorrow, an hour and a half ago, I was 100% sell bias. I'm kind of 60, 40 sell bias now. And again, I wanna give the bears the benefit of the doubt, but at least for today going into tomorrow session, because remember, an hour and a half ago, I had zero loans, literally zero loans. Today, going into tomorrow session, I actually like some names. Let's talk about how impressive, number one, the flush was this morning on Tesla, right? So this is, and we'll get to the individual pit as in a second. So this was the flush this morning on Tesla, right? Stock went down 25 points only to recover, literally only to recover 30 points, 35 points off the rails. Just an absolute incredible recovery, not only recovery, but it went greener in a day. And now again, the key with Tesla for tomorrow session, like I'm watching it on the upside tomorrow, but the one thing I'm still very conscious of, they did a great job reclaiming the 20 and the 10, they have to reclaim the five day moving average. And the one thing that I do know about technical analysis, those areas need to be tested first, rejected, and then confirmed. So we might, tomorrow might be kind of a tricky day, right? On that five day supply, but if the bulls start confirming that five day supply of Tesla, yes, absolutely, I'd love to watch it get confirmed and maybe we start pushing back into the 760s level. We'll see, we'll see. Game stop. You guys remember AMC couple of days ago, and I said, look, I'm not drinking, right? I'm not day drinking. This thing looks pretty good, right? There was a couple of really aggressive pivots here. There was one, there was one on 47, there was one at 49, 30, the stock went correct. Look at game stop, right? Again, I'm not day drinking, man. Look at this thing. You see how it got rejected, right? The 10 day moving average. So again, if you believe in the theory that stocks trade off that 10 day as the birth of the trade, well, it got perfectly rejected off the 10 day moving average. If game stop could just wake up, right? And reclaim this whole 10 day channel, there is a lot of room to the upside as well. So again, there is no diamond hands, there's no, you know, to the moon, but there is a good setup, right? And if that does, if that setup does confirm, you're going to have some pretty good value on your hands. Even a name like MCHP, again, semiconductor, right? Looks pretty good here. It has this long, long base here. Again, it's not one of the sexy semiconductor names compared to like maybe NVIDIA or AMD, right? But this is a good looking chart. And when you have some technical damage on a lot of names, again, beggars can't be choosers. And if the market does continue to be strong, we'll see. But if the market continues to be strong, I definitely want to keep an eye on this thing as well. The one name that is not doing well, and I've been waiting for this setup for a while. Please for all the people on social media, I know you guys love this stuff. I know it, I know it, believe me. There is no pleasure of me announcing that this stock is one day away from really starting a big macro down cycle. Again, is it going to confirm tomorrow? We don't know. But for whatever reason, this Zoom breaks out all the crazy investors. Shut up, Dan! I hope your poodle gets clemenian dots! It's just trading, guys. Stocks go up, stocks go down. The stock blew up on earnings. It's putting in a two-week channel here. If it starts confirming this two-week channel, there's a lot of room down. So again, there's nothing personal, folks. Stocks go up, stocks go down, right? This is just trading. Either you're emotional enough to understand it and kind of omit the emotions out of your decision-making, or you're some knucklehead on social media telling some guy that he's wrong that hope his foot falls off, okay? I'm being nice, I'm keeping it PG. But this thing looks really, really good. And again, we talked about Dollar Tree. It was kind of the same scenario that we talked about over the weekend, right? It took out the earnings lows and put in a nice little move here. So again, Zoom is obviously going to be a bigger average shoe range scenario than Dollar Tree, but the same scenario is still playing out pretty, pretty well. So let's talk about today's pivots. Very, very aggressive to the downside, like one after another, after another, super aggressive. I was watching the video, right? The heavy call buyers. We talked about this all over the weekend update. You know, it got above the $27, $28 level. It went to like 29 and change. And then you saw this avalanche of selling the Nasdaq 100. Obviously, if one goes, they all go. So only a small move there. RBLX never got to 91. SANA never got to 26. IS, I go, I'm not familiar with the name, but if it starts building 1160, 1170, maybe you can go. Keep an eye on this thing, guys. IS, I don't know what this thing is, but I really like the chart. Here comes the avalanche, right guys? Here comes the avalanche in the Nasdaq 100 names and friends of the Nasdaq 100. Autodesk, yeah, we covered Autodesk also on the weekend update. 284 held three times if it builds below it can flush, right? Here's Autodesk. Once they start taking down, once they start taking down the earnings lows, there's usually sellers to follow. That's why, again, guys, for all you guys who are permables on Zoom, maybe don't listen to this broadcast. Maybe take tomorrow off if they confirm that bottom channel. But anyway, 284 got down to roughly 278, and a nice six point wash at the open. Again, slower mover, but again, never less. This was definitely one of the biggest moves. Roku, we talked about this on a weekend update. 328, 327, if it builds below it can flush. Roku got smashed. I mean, really, really smashed. Here was the 328, right? We talked about this thing over the weekend update. It broke below the 327 level and just got destroyed. Down to 314, just look at what happened to this thing. I mean, just destruction. Look at this candle, just absolute murder. Murder in Roku. Dollar Tree, again, slow mover, right? Slow mover, 89.64, earnings low, if it builds below it can flush. Again, cue the music to Zoom. We're watching Zooms. If it builds below it can flush. Again, it's a slow mover, but here was Dollar Tree. I still like it. I still think it goes lower, but here was Dollar Tree. So it took out the 89.64, went down to 88.80. Again, this is the lowest close in this whole formation on earnings. So again, I think lower prices are still on deck. Tesla got destroyed. I was in the square as Tesla was confirming, which kind of, I mean, I did well with Square, but boy, boy, I did really, really well with Tesla. Again, just trading two of these things at the same time. Not for the weak of heart. But anyway, 733, if it builds below, we'll confirm the 10-day moving average. Could see 23, forget about 23. It went all the way down to the $15 level. This thing got just destroyed. It took out the 33, which is Friday's lows, and went all the way down to this linear regression line of 708. But again, the bottom line is it recovered incredibly well, and now we're watching it actually back to the upside. But again, for all you guys that took it, congratulations on Tesla. Just an absolute monster move. Facebook never got up to the 84.50. This is an awesome move here. Square, 247, if it builds below, conflux. You can see, we were really ready, just based on the weekend research, and that's all you can give yourself, just a shot to be ready. So here was Square. It took out this 247 level. It just got absolutely destroyed. One down 10, one down 10 recovered like everything else, but big, big move on Square. Congratulations for you guys who caught that as well. AMD, again, another name we talked about on the weekend update. 105 held three times if it builds below, conflux. Here was AMD. Right, here was AMD. It took out the 105, went all the way down to 102 and change on AMD. So you can see very, very aggressive selling. And again, you had spies. Spies, they confirmed the 445. They went down about a dollar and a huge, huge recovery to kind of save the day. The white knight rolled in and saved the day, but beautiful moves. Big move on AMD, smacked on Square. Tesla got smacked, Roku got destroyed, and I joked around. I said, okay, so what do you guys want to do for the rest of the day? After the first 15 minutes, it was just such an aggressive swan dive. They almost had to say, well, what the hell, where's the value for the rest of the day? Big reversal here from 715 support. Auto dust is getting hit, and I was joking around imploding one penny at a time, but that's kind of what it is. And that's it. So going into, so really good way to start the week. Going into tomorrow, again, I want to give the bears the benefit of the doubt for one more session, but obviously I'll pivot no pun intended. If the long side starts giving us some really good value, again, we'll start watching for some upside channels, but again, I'm very flexible for tomorrow's session. I have my game plan ready. I have some names I really, really like. We'll see, right? We'll see which way the market cookie crumbles. Guys, have a great remainder of your evening, and with God's help, I will see you all tomorrow. Take care.