 I really like the way the market closed today. I do like the way the technology names got off the bottom of their channels, started to reclaim levels, or about to reclaim levels for tomorrow's session. And at least we know which way the wind is going to blow for tomorrow's session. 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, getting your buddy. Welcome to another edition of the accessatrader.com, that you wrap up, show up, everybody's doing a well, weird day today, very, very odd day. So I came into today's session pretty much like I came in yesterday and the day before. I was sell by this, right? I was sell by this in the market. And if you look at how the market reacted, I would say the first three hours of the day, there was a lot of soul searching. Q's took out this area, this 374, 20s level we talked about the last couple of days, and started moving lower. And it spent the next, I would say, three, four hours fighting back over control over this 324 level. Why was that, over the 374 level? Why was that important? Because that would represent the 20 day moving average. And that 20 day moving average, if they would have really got taken over by the bear control, you would have seen a really aggressive move back, back to the 50 day moving average. So the first three hours or so, they were literally going reclaimed, defended, broke, reclaimed, defended, broke, and up and down, up and down off that 374 level. And you're saying to yourself when you're watching the price action, you're saying, well, the bulls are just being carried right now. It's like an old expression I used to say in the webinar. It's like that expression from boxing when one opponent carries the other for like two, three rounds before they knock them out. So it felt like the bears were carrying the bulls for like the first two, three hours and just like toying with them and messing with them and saying, look, eventually you're going to pull the plug. There's nothing rallying. Nothing is rallying. Nothing's participating. Everything's sitting in a very, very tight channel. And I was making my list. I was literally making my list. It was around lunchtime. And I had a really good list if we closed week for some phenomenal premium setups to the downside. So I went to launch, right? When I went to launch, the Qs were at three, I mean, 374, they were literally the whole day, right? You could literally see it. They were literally the whole day. These are three candles all around the 74 area. You can see those, especially the last three. And once lunchtime came, I came back, you know, 45 minutes an hour later, the Qs are up $2. So what went from ideally a really good premium scenario of the Qs breaking down for the next business day, right? For tomorrow's session. It went out of nowhere from breakdown to, oh my God, look what just happened. The bulls defended. They started moving higher, right? Right off the lows. They started moving higher. And they took control back of the five-day moving average. That's incredibly impressive considering we had a hit list for tomorrow as of noon, that we were going to be 100% sell bias and everything was ready to implode. Instead, I came back, everything starts rallying off the bottom. And not only do stocks start rallying off the bottom, they start slowly reclaiming levels. So if you look at names today, for example, like a Google, and this is one of the very last pivots. We'll talk about the individual pivots in a second. This thing took over, not only reclaimed the five, reclaimed the 10-day moving average. And now it has this really, really aggressive base. So for all you guys who are swinging this thing from that 2870 pivot, it looks really, really good. If this thing starts confirming this, you know, 2900, this thing could really go back to the upper Bollinger band. When you start a name and seeing names like Google, wake up a name like Amazon, right? Obviously not out of the woods. But at least you see Amazon reclaim back the five-day moving average. And if it confirms it tomorrow, this thing is going to wake up. You saw a name like Tesla that had this really magnificent washout a couple of days ago, reversal a couple of days ago, it too reclaimed the five-day moving average. And you started looking at names one by one by one into the close. And you say to yourself, this is why we play the game, right? This is why our opinions don't matter. This is why we say all the time, don't anticipate, right? Don't anticipate, don't forecast. Let the market tell you which way it's going to blow. And for the first three hours, it was very, very slow. Like in other words, if you didn't catch a couple of pivots early out in the morning, there was nothing for us. There was literally nothing for us for like three hours of the day. And then after one o'clock, after two o'clock, when usually the market starts to contract ranges, these ranges started slowly expanding and a lot of technology names are really looking very good for tomorrow. Now, again, anything could happen overnight, right? But it really does show you how how humbling it is in this business if you try to guess, right? If you try to guess and try to outsmart the market. Because again, at noon, I was 100% sell bias. And you look at today on the close, you say yourself, wow, there's a lot of really good looking loans for tomorrow's setup. So again, if you're a new trader, and again, I get it, you want to be right, right? Your ego is there subconsciously. You want to show everybody how smart you are, but your ego, right? And the idea of how smart you are is going to cost you and really derail your career very, very quickly to let the price action move on. And the hardest part about this morning session was if you were trying to buy or sell a stock was watching the queues being defended off the 20 day moving average. You can't go short as the queues are being defended and you can't go along because you know, in any second, they could collapse. So we were literally stuck pretty much for first three hours between a rock and a hard place going into tomorrow, but at least now going into tomorrow's session, we have some really good value setups. You got some mega cap names, you got some meme names, right? There's only a couple of names out there. You have some NASDAQ 100 names. Tesla looks pretty solid as well. And the video looks solid as well. Microsoft looks solid as well. So again, is tomorrow going to be one of these premium sessions that we talk about and technology that no brainer you don't need to, you know, you don't need to over analyze. No, but I really like the way the market closed today. I do like the way the technology names got off the bottom of their channels, started to reclaim levels or about to reclaim levels for tomorrow's session. And at least we know which way the wind is going to blow for tomorrow's session. And sometimes, you know, when you, when you're trading full time or even trading parts of whatever the case may be, sometimes the collecting data of your career is very, very important. So I don't want to use today as maybe taking one step back to taking 12 steps forward to tomorrow. But this is a very good and necessary step. So if you found yourself today being very, very inactive, because again, the first three hours, that is your meat and potatoes of the day, that is your window. So if you miss your window, you're not going to start going gangbusters in the afternoon. Remember, people, you know, there's an old saying is, I gave back my day, right? Nobody gives back their day in the morning. People give back their days in the afternoon. So if you missed your window today in the afternoon, 99.9% of the chance, you're probably not going to get anything going in the afternoon. But today kind of played out a little bit differently. Stock started waking up. And that is a good probably a high probability resolution kind of going into tomorrow's session. So here's some some names I do like for tomorrow. Look at GameStop. I know, like I said, there's meme names, right? Look at GameStop. Again, it's not something I would lead with usually. But again, I like how GameStop today reclaimed the five to 10 day moving average. If it starts confirming this channel here, and again, that's a big if, but if GameStop starts confirming this channel here, I mean, look how much room you have, you do have a legitimate big average range in the stock. And again, if there's an opening range high that confirms this upper range, yeah, this thing is tradable. This thing is definitely tradeable. It's not the crazy GameStop that we saw, you know, going in $80 intervals. This is actually tradable right now. It has a little bit of liquidity. You just have to have the common sense to figure out where the sneaky channels are. And this one's not even that sneaky. It's just showing you the whole range where it is. So I definitely want to keep an eye on that as well. Fang, right? Nothing to do with Facebook, Apple, Netflix, Google. It's just Fang, right? I think it's an energy name. Look how good this chart looks, right? You have the top of the channel here. You have the top of the channel here. If this thing confirms this whole macro daily channel, I mean, look how much room you have in the name. Again, I don't think I've ever traded Fang ever in my life. But hey, look at this chart. It looks like Marriott, right? Look at Marriott's chart. You guys remember Marriott's chart? It stopped this orange line. Again, sometimes you have to simplify technical analysis and the next day it took it out and the next day it took it out, right? So look at Fang, exactly the same thing. It's a mirror image. It stopped right at this orange line. So if it confirms tomorrow, you could get a move up as well. Microsoft, right? Announced a $60 billion buyback tomorrow of today. There was a cute little pivot. That's the best way of saying it. There was a cute little pivot this morning on it. But now it's setting up a little bit macro. So if there is a rally today and if there's a rally tomorrow in the market and especially technology gets highlighted, hey, Mr. Softy looks right. It looks right technically. Obviously, it's right fundamentally for all you guys who love fundamentals. $60 billion buyback is not exactly something to sneeze at. And the moral of the story is you want to go with the leader. So let's talk about today's session. Again, as you can possibly imagine, he didn't have 500 pivots because, again, the market was just sitting there just did nothing and kind of having this battle royale at 324 of the queue. So let's talk about today's session and see exactly what happened and what didn't happen. Number one, congratulations for all you guys who are still in Zoom. Here's a perfect example. Again, we reiterated the point a couple sessions ago that when a stock loses its earnings low after it gets blown up, it starts a multi-day cycle of selling. This was the pivot yesterday. 288 is the earnings low. It can flush. Today was a continuation. 281, if it builds below, can go lower. And again, it's just drifting lower. It's just drifting lower. Here was the earnings lows. Stock stopped at 277. Below 277, this thing's going to go to 65. So again, just kind of, again, for all you new trades, you should be trying to absorb as much data as possible. So kind of put that cheat note on a sticky pad or something. Just write this down. If a stock takes out its earnings low and closes below its earnings low, there's a high probability that it's just going to drift two, three, four, maybe even five days in a row. And that's exactly what's happening to Zoom. That's exactly what's happening to Dollar Tree. Remember Dollar Tree? Same thing, right? It took out its lows 89.64. It went down to 87 today. Again, same thing. Close below its earnings low. And it's just kind of drifting in the linear line. So again, it's a really, really good play for all you guys who are starting out trading something to really try to focus on, especially in earnings season. Cues, again, here's the whole point. Defended back to back to back to back to back days, right? 324.20s, if it builds below, can flush. They actually did flush it, right? And this is why I thought this market's going to completely implode for tomorrow. So Cues, they took out a 324 level and went down about a dollar, right? Nothing big. And then they came right back up and for the next three hours sat that 324. And this is kind of when you figured out, hey, by the way, maybe the market is not that horrible, but wait a minute, watch them sell it off into the close. That was at noon. Now I am buy buys for tomorrow. Again, how quickly things change. TTD never confirmed 69. TDOC never confirmed 131. Tesla finally got above the 755 area. I like it. I think I don't know if it's going to build tomorrow. Maybe it will, maybe it won't. Cross your fingers. But at least Tesla is looking really, really good. And people turn around and say, well, don't you know Kathy selling $60 million worth of Tesla? And, right, cares, right? It doesn't make a difference who's buying, who's selling. Technical analysis, it's technical analysis. This is the same person who bought, you know, coin at 400, right? Who cares? There's buyers and sellers every single day. The fact that she sold $60 million worth of stock and the stock put in its highest close in this formation in the last five days, well, what does that tell you? The buyers are overwhelming the sellers at those levels. They cleaned her up and yada, yada, yada is a good possibility of higher appreciation. So, yeah, it doesn't really can make a difference who's buying, who's selling. So, yeah, yesterday 582 got down to 575. It never went below 575. Microsoft 30430 needs to build. Quick pop. Quick pop, but it's setting up macro prices. Quick pop this morning. Here's the, here's the 40 right here. It did ramp about a buck and then it came in and finally rallied to the close. But what I like about Microsoft, it didn't give you a definitive yes, but it's not that far away from a definitive macro yes. So, we want to definitely keep an eye on that as well. And again, we talked about this. I go, hey, stay patient today. I could see a scenario that they hold up the tape most of the day, the representative strike and then pull the rug. That's what they did. The only thing I anticipate they were going to pull it right back and kind of show relative strength towards lunchtime. Again, something we didn't see. Microsoft taking the way up, blah, blah, blah. Nice move on Zoom. Went to 77. Qs went down like about a buck. Nothing big before, you know, it kind of got there. And we talked about this. I said, listen, I saw this stalemate action coming from a mile away. Again, guys, remember, when bulls and bears are trying to take over a big macro level, for example, the 20-day moving average, it's not going to be just as simple as well. The stock takes on this as it goes. There's a war, right? There's a bidding war and there's a selling war. And whoever cleans up the other is eventually going to win. And it took three hours with the bulls finally got the job done. And this was actually the biggest mover of the day, Google potential swing 2870 and Google went nuts. It really went nuts. Congratulations, you guys, who are long Google. So here is the 2870, right 2870, put up a $20 candle into the close. And now it's just one inch away or one candle away from confirming macro range to go back into the 2950. So again, at least we got today out of the way. It didn't cost us any mental equity. It definitely didn't cost us any financial equity. And most important is we're staying sharp. We're staying focused. We see exactly what's going on, not the market that we want, but the market where we have. But at least we are set up on a lot of really good channels for tomorrow. The key is for the bulls not to drop the ball and start confirming levels. Guys, have a great night, everybody. God bless and I'll see you all tomorrow.