 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. Nasdaq spreads on Wall Street as the market pulls in one and a half percent, and now the Nasdaq is only up 53% on the year. Hey guys, good evening everybody. Welcome to another edition of theaxisandtreaded.com, a nightly update show, hope everybody is doing well. Obviously, I'm just joking around, we'll get to that in a second. If you are brand new to the channel, guys, thank you. Thank you very much for finding this. Thank you very much for tuning in and thank you very much for spending a few minutes with us, kind of discussing the day and the day ahead. That's it. Nothing more, nothing less. Nobody knows what's going to happen a week from now, let alone tomorrow, but again, we're always prepared. So let's talk about the tape. Everything was going normal today. If you've been trading the market just in the last several weeks, you kind of know the story, higher highs, higher lows, every dips have gotten bought, everything was all good. Matter of fact, if you look at today's day, start out very orderly, just like everything, everything else, right? We talked about Microsoft yesterday, 53, 373, 76, 374, 20, needs to build and confirm pre-market highs, softy went to 76, and we'll get back to the downside in a second. In the video, 497 upside, 49 downside, in the video right up three points, hung out there pretty much the whole day, Apple 197 needs to build, right? Apple went up almost a dollar, Deer stopped basically at that level, Google was definitely the trade of the day today, 39 rejected twice, 3940s needs to confirm, went almost to 42. Everything was good, right? Everything was good. Holdout didn't do anything, Marvel 60, 30s went up about 30 cents, came back and nothing, nothing really there, and that's about it, right? So everything was going good. I longed off around 230, the Nasdaq was up 30 points. I went to the gym, clear my head, get my workout on, and I joked around, literally joked around, I said, come on, market guys, just give the bears, give the bears a red clothes, throw them a ball, and good lord, man, the Shapiro algo really kicked in. By the time I got to the gym, by the time I got to the gym, I saw all these people texting me, like, the hell is going on at the market? I'm like, I'm in the gym, I don't know what's going on in the market. And there was obviously no news, and look, the most important part, we've been talking about this for weeks, if you go back to video, after video, after video, we don't know when this was going to stop, right? I've been saying that pretty much on every video in the last three, four days, we don't know when it was going to stop. Is this a day type of an outlier event? And then tomorrow we resume, who the hell knows, right? Who the hell knows? But the point is, if you kept on pushing and pushing and pushing, especially stocks are way overextended, eventually you're going to get caught. You know, we primarily now trade channels, I did get, we did sell, I did sell my Tesla, my last 10% of Tesla, I was up about 11 on it. I sold it up $3 today, but it's all right, you know, it is what it is, good trading regardless. But, you know, this is one of those scenarios that the market really didn't need news, it really didn't need an excuse. We know, we've been saying this for a long time, the market is never as good as you think, and the market is never as bad as you think. And if you were irresponsible, and if you didn't know the previous days' channels, and you didn't know all that good stuff, you're going to get caught. I think we actually talked about this in the last night's video that if you really, you know, traded with the euphoric glasses on, rose-colored glasses and didn't understand the previous days' range was important, you could give back. And I think we, I literally said that in the last night's video. You could literally give back a month, two months' worth of progress in one candle. And that's exactly what happened, you know, roughly around, as soon as I left, around $2.30, again, everything was all good, right? And then the earth just fell, just fell, and then Nasdaq just completely imploded, absolutely imploded. As you can imagine, everything involved with the Nasdaq, everything, I think everything in general, it was exactly the same chart. Stocks got absolutely pulled, and the question is now, what the hell did we do? How does the market recover? Now, we're only up 53% for the year, with, you know, roughly about, what, 78 days left in the trading year. I'm obviously tongue-in-cheek here, but, you know, again, this is the market. Again, is it really crazy to think we could get a day two tomorrow? Honestly, I would like to see a day two. I really would. You know, this is the first close, and if you were watching the video, you kind of know the importance of the five-day moving average. At least for me, this is the first close below the five-day moving average on the Q's. That means it's probably going to be the first close below the five-day moving average on a lot of your favorite names, a lot of the high flyers. You don't really need to be very creative just, you know, looking at charts, say, the big flyers, Nvidia, Tesla, Amazon, Meta, Microsoft, right? The big high flyers. Is it possible for them to get a day two tomorrow? No, that's kind of my game plan for tomorrow. You know, I would love to see, I would love to see a gap up tomorrow, because we did see, again, we did see the loss of the five-day today. I would like to see a gap up tomorrow. Stocks get stuffed into the declining supply zone. Take out today's channels, right? Take out today's bottom channels, and maybe give us a day to move to the downside, because, again, we do have room. Like, if you look at the Q's, if we confirm today's channels tomorrow, who knows? Maybe we get down to $3.99. Again, that's $4 on the Q's. That's fine, right? If you look at Nvidia, right? If you look at Nvidia for a second, Nvidia closed right at the 10-day moving average. If we confirm that, maybe it gives us another $5, $7, right? To the next support zone. That's fine. If you look at Tesla, right? If you look at Tesla, this is how quickly, you know, things change in the market. If you look at Tesla, you know, it came back down. It's going to be basically around the 10-day moving average. If it loses the 10-day tomorrow, who knows? Maybe it gets down to $41.42, another four or five clients in there. So, there's definitely a lot of value for tomorrow. Again, as the saying goes, stocks take the, you know, stairs up and they take the elevator down. And we've been basically taking the stairs up now for 11 and three-quarters of months going into the last seven, eight days of the trading day. You know, what is shock me? You know, if we, you know, bounce back tomorrow, nothing shocks me. Again, that's what the market is, but the value, okay? I don't know how the market's going to close tomorrow. I'm not looking here trying to guess, but the value, the value, the meat and potatoes of potentially what can happen tomorrow in the tape is obviously to the downside. So, you know, I am prepared to the downside tomorrow. I'm basically watching, you know, the 10 stocks that we trade. I figure if one loses the bottom of the range, they're all going to lose the bottom of the range, right? They trade in tandem. If you look at every single stock, right? Every single stock is going to mirror the Nasdaq 100, right? Look at Tesla intraday, right? Look at Tesla Microsoft. They might as well be the same stock, right? It's the same chart. Once they one go, they all go Apple, Meta, Amazon. It doesn't make a difference. Every single one of it. It's literally the same thing. So, the best value for tomorrow, again, I don't know the closing price of what the market's going to do tomorrow, but the best value, at least for my book, is if we could get a gap up, or if we don't get a gap up, we do get a gap down, opening range lows after the first rally attempt and see if we could get a second day of selling. We'll say, you know, we'll see at this point, I would only seven, eight days left in the year. I'm just basically going to scalp channels. You know, that's all it is. I'm just looking at the scalp channels. I don't even care which way, you know, but from what I see here based on today's close and how everything looks going into tomorrow's session, if we could get that second day of selling, you're going to have some pretty good intense second wave of seller stepping. We'll say, you know, we'll see exactly what happens. Other than that, you know, other than that business as usual, business as usual, you know, this is a very, very unique year. I know a lot of people try to compare 2020 with the dotcom era of 1999 and 2000. And I said, I don't think so. And then a lot of people tried to compare 2023 with 2020. I'm like, ah, nah, I think 2023 is closest. I think we started talking about that yesterday. If I did, I apologize for repeating it. But I think 2003 is going to go down to a memorable way of traders that traded in 2009 was that V shape recovery after the financial crisis. And that's exactly what we saw here. We saw this magical V shape recovery from the October lows. And the way we talked about this for, you know, for a while, we talked about this, you know, the way the same way sellers got tired in the October lows, is it possible buyers has got tired today? Right. That's that's the whole point. That's the whole point, guys. You have to always understand the markets never going to be as good or bad as you think. Every single day is its own momentum. Every single day is its own value. Certain days you'll get phenomenal value, right? Expansion of expansion of channels. Everything is crazy. And then the next day, we're going to go through a distribution zone and deal stocks to trade within 50 cents of each other for three and a half hours. So I don't think we'll have that distribution day tomorrow. I do think if we do confirm today's channels, I believe we will have a second day of selling. If I'm wrong, I'm wrong. It's not going to cost me any money, but at least that is the game plan. We're going to keep it nice, sweet, short today. Tomorrow is my normal off day. It's Thursday. Again, you don't need to be creative going into tomorrow's session. If you're looking for value to the downside, just go through the Nasdaq 100. The first 10 names I trade every single day. Basically, I'm just watching their channels back to the downside. Let's just see, right? Let's see if today was literally a one day of an outlier event in the markets and go right back up tomorrow, or are we going to get our magical day to, you know, carpet pole or right pole, whatever that is called. We shall see, said the blind man. We shall see. Guys, have a great night. God bless, and I will see you all in the field tomorrow. Take care.