 Here's the last time I broke that light blue line, right? Here's the last time I broke that light blue line, look what happened here, right? So check this out. I mean, it's the same thing, guys. Look what this thing is. Look where it closed, right? Watching that in the video this week, this is definitely my top watch this week. 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 everybody, good evening, and welcome to another edition of the Access a Trader.com Nightly Wrap Up Show. Hope everybody is doing great. Hope everybody had a wonderful Christmas, Thanksgiving, all that stuff. We are down the stretch, right? We only have after today, we only have three days left in 2022, and ever since the market broke down below the 50-day moving average, we are limping across the finish line. Guys, welcome aboard. For all you guys who are brand new to the channel, please subscribe. You'll get an instant notification when we are upload. If you like the content we ask of you, is just, again, support the channel. Just click a like so we can continue to provide an unbiased opinion of what's going on in the market. And I think, again, when you're a brand new trader, all these sequences that you go through, all these years that pass by, you have to make sure that they don't just go by because you're just learning the market. You're retaining information. And one of the things that we always say is the importance of significant context, the importance of significant lines in the sand, the events, and the one thing that we keep on reiterating over and over and over again, especially on a broadcast, ever so often, the importance of understanding your overall surrounding. So in the middle of the night, you're not walking down a dark alley. You wanna make sure that you're walking down the street in a very light area just because, well, there's a chance you'll get mugged, right? There's always a shot you get mugged. And that's kind of the point of going into every single trading day, knowing exactly the macro, right? The macro view of what is going on. If we go back only to one, two, three, four, five, six, seven, eight days ago, right? We talked about the significance of what happens when you lose the 50-day moving average. Some people will listen. Some people will not. Some people will learn the hard way. And some people will completely put on the blinders and just, nah, nah, nah, nah, nah, nah, it won't happen to me. All right, that's cool. That's all great and all. But again, remember, the market doesn't have to explain to you what, why things are happening. They're just going to happen, right? There's only two types of outcomes in the stock market. The stock can go either go up or it can go down. It can't do either. But if you know the signals, if you know, if you know that, if you can recognize the dangers, if you can recognize the importance of supply and demand zones and identify and know the ramifications of what happens next, then you're probably going to be in control of your trading. If you're one of these traders who watched the broadcast one and said, ah, this schmuck with this 50-day moving average, blah, blah, blah, blah, blah, blah, who cares? Well, here we are eight days later. And again, who cares was eight days ago. Now it's to the point of, oh God, I hope the bleeding stops. And that's the whole point. If you've been watching this broadcast for a long, long time, you know the significance of the 50-day moving average. We've kind of outlined in nausea what happens when the bearers take over the 50-day moving average. The last sequence of events happened from November, excuse me, August the 29th, all the way to November the 10th. And here's the current sequence of events that is happening when the bears take over on December the 15th. And here we are again, stone throws away from last week's lows. And the question is, well, you know, again, how much longer can this take? Again, if you've been watching this video, you know the last several sequence of events below the 50-day moving average took about three, four months. You know, we're on, you know, a week and a half in. So it's not really one of those scenarios that the market is oversold. We're not, we're not even close. We're not, if you look at the queues, we're not even at the bottom of the range. If we were having the conversation right here at 2.15, at least you could turn around and say, well, this market is oversold. We always say every single day, don't expect the stocks to go straight down. I don't care how bad the market is. The 50-day moving average is just your guide, your macro guide of potential kind of happens next. Things are not going to go straight down. Just like in a bull market, they're not going to go straight up. There's always debt cad days that the market does rally, give you some little bit of relief, like a drowning victim that is being kind of forced down. And right now we're still seeing, again, the data is proving it in real time every single day for everybody to see that seven, eight out of 10 days are going to be to the downside as long as we continue to build below the 50-day moving average. And when you start looking at a lot of names, we're starting to get back to the previous days lows, the previous weeks lows. That's a kind of important point kind of going into tomorrow's session and kind of for the rest of 2022. And if you look at where the predominant selling is coming from, it is coming from the NASDAQ. It is coming from the technology space. And again, you could go see, you could see all the bodies that are pretty much laid out on the battlefield every single day. The Dow is not the issue right now, right? If you look at the Dow Jones industrial average, we'll use the diamonds as a proxy, right? The Dow had a great run. It came back into the 50-day moving average. It's actually making in a weird way. It's actually making higher lows in the last four or five days of sequence. If you look at the SPY, right? It is below the 50-day moving average, right? Again, it's not bleeding your body dry like the NASDAQ, but again, it's not a good thing that we're sitting below this 387 on the SPY. The longer you build, the higher probability you go lower. And again, before anybody turns around and says the market is oversold, just again, look how much room the recent lows were in October, right? The SPYs were 348. So how could 381 be oversold, right? It's just common sense. Like I said a few minutes ago, nothing is gonna go straight up. So you are going to have days that the SPY is gonna go higher. You're gonna have days that the NASDAQ 100 is gonna go higher. But always remember the most basic thing and we've pressed this point a thousand million gazillion-catrillion times. Technical words, by the way, right? Over the 50-day bullish below the 50-day and again, that's the point. And if you looked at the weekend video, we recorded it, I believe it was on Saturday morning. I really was focused on only one or two names. I was looking for a Tesla reversal that obviously never came. I'm still looking for that, we'll get that in a second. And I was looking at NVIDIA, right? That's the first thing we talked about. Matter of fact, one of the very few things we talked about on the video over the weekend. I love this 50-day moving. Again, I made a pretty good case here the last time NVIDIA took down the 50-day moving average. Had a 30-point move in four days. Today, it finally snapped the bottom of the channel. We discussed this on the nightly video. Like we saw it, we said on the weekend that we're coming for the 144, 140 puts. Right now, it is trading after hours right above 140, right above 140. But amazing, absolutely amazing move. The saga continues with Tesla. I mean, I don't know where this bottom is. Every single day I turn around and I go, hell man, we need to wash out for this thing to go red to green. Still waiting, right? Still waiting. Again, eventually this thing has to turn around, but I'm not by any stretch of the imagination. Am I looking for bottoms? I don't care that much. We're gonna know, trust me, we're gonna know when there is a really, throw the baby out with the bathwater type of scenario because we'll see a gap down six, seven, eight points. And the key, in my opinion, again, this is where reversals come, you need that move pre-market, right? You need that aggressive selling pre-market and you need to start seeing institutional money flow come in into weakness with deep out of the money short-term expiration calls. That's the only way it'll signal, at least give you some clues that at least a trading bottom. When I say trading bottom, I don't mean the stock is gonna go back up 30, 40%. I mean, literally a trading bottom. Maybe for that day, maybe for two, three hours, maybe for a couple of days, but those are the kind of the elements you need. You need everybody to be out of the stock. You want everybody to cut shares. You need institutional money flow to come in deep, again, deep out of the money short-term expiration and then only then you probably have a shot at a rent-to-green opening range type of move. We'll see if we get it. Again, unfortunately, what it looks like here, right? I don't have a position in it. What it looks like, it wants to test that 100 first. And again, I don't know what's going on. I don't think most people know what's going on. Elon has basically said he's not selling stock till for two years, who the hell knows if it's true or if it's not true. But again, like I've been saying in last night, it's a previous night, it's a previous night. Somebody's selling, right? Somebody's selling. They're not coming in with 100 share of lots. They're selling. You watch this thing pre-market, they're coming into 20, 30, 40,000 share of lots and they're showing it. It's not like there's a reload seller sitting there showing 500, you know, 500 lots of selling 30,000. They're showing it. So we don't know. I just have this feeling, you know, this is going to turn into one of those Netflix docu-series five years from now with some crazy plot, wild twist. You know, I don't know if it's going to be as crazy as the guy from, what's the guy's name from the, what are they called? What's that dude's name that ran away to the jungle and he had the McAfee, McAfee, McAfee. I don't know if it's going that way by him killing somebody and, you know, I don't know that way, but I have this crazy feeling that Tesla's going to wind up to be some sort of docu-series in the next three to five years. We'll see, you know, we'll absolutely see. You know, so going into tomorrow, you know, I'm focused, you know, on the sell side. I'm always focused on the sell side. If you're below the 50 day, I think the video, you know, I think the video based on, you know, first day below the 50 day moving average, if it confirms tomorrow, I think there's a shot of more downside. Amazon is getting, you know, Amazon is getting, you know, heavy again, right? It's getting heavy again. Again, the ranges are getting tighter, but it's getting heavy again. Look at the cues. Cues look like they were about to approach last week's lows. And ironic part about a technical analysis, and this is why I always say, trade the stocks that you're comfortable. Not that I'm comfortable, but you're comfortable. I trade bait. I trade Tesla, NVIDIA, Amazon, so forth and so on. And I identified names. I talked about names on the weekend update that I myself have no interest in, right? But the point is whether I'm in the stock, you're in the stock, they're either gonna technically confirm or not. And if you go back to the weekend video, we talked about the Crocs, right? We talked about Crocs. Look at the moving Crocs today. Crocs are five today. Look at them move on catapult, right? These are names we discussed in the video. And again, might not be something that I have interest in, but this is why trading is so cool. You get to pick your comfort zone. You get to pick where you fit in the best. Where is your lane? And this is why for all you guys who are growing up on social media and trading all these stupid alert services, you're trading with somebody else's comfortable, right? Think about this. How can you possibly go into a trade if you have no comfortability, right? These alerts are the death of you, okay? Stop with these nonsense alerts. Trust technical analysis. No matter if I've never said anything to you that makes any sense and you think I'm a complete idiot all that stuff, which I am by the way, right? Trust me, technical analysis is the judge, jury and executioner stocks are either gonna test supply, confirm and go higher or they're gonna test demand, confirm and go lower. It doesn't work any other way, right? You can't be a little bit pregnant and technical analysis is not subjective. Once we got below the 50 day moving average on the Qs, we kind of knew what was about to happen next. Once you get above the 58 day moving average, you kind of have an idea what happens next. But the most important part is drown out the noise, right? Forget about the nonsense social media is doing, concentrate on technical analysis and you'll be shocked what you can accomplish in your career once you have total control. Just a quick announcement. We are running our last promotion guys through the new year. If you're concentrating new year and you want to dabble in pivots and see if it's the right fit for you because I promise you it's not a good fit for everybody but if you have been on the fence and you want to take advantage of we have like three days left for the special promotion and then we won't have another one to like Labor Day or Memorial Day. So you have about six, seven months of nothing. So guys have a great night. Stay blessed for all you guys who are trading tomorrow. We'll continue to trade as well. If not, happy new year and I'll see you guys down the road. God bless everybody. I'll see you at tomorrow's video.