 Take whatever stock is the weakest, right? Whatever stock is notably the weakest. And just, you don't have to be very creative. Go through every single stock in that loop. 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 evening, everybody, and welcome to another edition of the Access a Trader.com Monday wrap-up show. Hope everybody had a good day of training. So after last week's really aggressive week, right? You had two really monster updates in the doubt, up 1,500 points in 24 hours, and then followed by an equally aggressive selling towards the end of the week. We had a pretty much good idea, at least from the value point of view, the market at least based on research when we talked about in the last night's video, should have some more continuation of selling. It's not an outlandish thought, and it's not something out of the left field. It's just kind of the continuation of what we've been doing since we lost the 50-day moving average, and this is going on week number four, almost a month into it. And a lot of people turn around and say, well, the job's done was obviously one of the bigger catalyst in Friday's self, and they're absolutely true. But what started it, again, was the fear of, well, just macro concerns in individual spaces. And Friday, we had a big, big move down on AMD, took down a lot of the names with it. Again, they guided lower Thursday night, and this was pretty much the continuation of today's session. Again, if you look at the final tally today, it's really not that big of a deal, right? You got the Dow down 93 points, three-tenths of a percent loss, the S&P 500 down seven-tenths of a percent, 27 points, and the NASDAQ down 1%. But the NASDAQ with that 1% close, it did put in its lowest close in the last two years, right? This is the lowest area the market has been in the last two years. And now the question is, now we got the CPI on deck, we got the PPI on deck, and everything else in between. And the question is, what happens next? Now again, market does not go down every single day. We know this, right? If you look at the scoreboard today, you did have some names that were up to you. There were actually some names that were very, very not weak. It doesn't mean they were strong, they just means they just stopped selling for one day. So for example, you look at Apple, right? Apple just got absolutely manhandled, like really manhandled since they lost the 50-day moving average on the 160 level. So it's very, very tough to turn around up $0.30 on the day and start talking around and say, wow, this thing was really, really strong. One name that was strong today was Boeing, which was actually very, very surprising. And it finally took out this range. I didn't trade Boeing today, I just was concentrating the downside today, but you can see there was some strength in the tape. So I think this is a tape like we've been kind of discussing over and over and over, it's really sensitive via groups. And if the group is gonna be strong, the whole group is gonna be strong. The group is gonna be weak, the whole group is gonna be weak. And here's case in point, right? AMD guided lower on Thursday, took down everything. And we'll talk about the individual pivots in a second. Right, NVIDIA, LAM Research, all of them, clack. It doesn't make a difference which one they all got taken down. Obviously, NVIDIA is definitely the drug of choice for me every single time there's a chip movement, but that wasn't the group that was the most impressive today to the downside. A very, very impressive continuation. But if you look at the software names today, led by more selling, right? More selling today in Microsoft took down all the cloud space. I mean, the whole group, ZS got taken down. I actually like all of them to continue to the downside if they confirm at some point, either tomorrow or a little bit later in the week. But you can see here, like ZS for example, stopped right at the bottom of the range here. Snow that's been a really big star for the last few months has been kind of negating a lot of the weakness. You know, had this really, really aggressive move down, stopped right at the bottom of the range. If snow loses the bottom of the range tomorrow, I mean, look how much more room you have to the downside. TTD was actually another name that had really good earnings, but now it's in jeopardy again, ready, lost this 50 day. Now it's in jeopardy losing the 150 day moving average. So there's a lot of names, a lot of groups. And the easiest thing I've always found is take whatever stock is the weakest, right? Whatever stock is notably the weakest and just you don't have to be very creative. Go through every single stock in that group, right? And just like, you know, just like the semiconductors, right? You have AMD, you have AMAT, AMD, Clack, NVIDIA, Texas Instruments, Intel, those whole slew of names. It's like when you start trading the technology space, you kind of, you know, you kind of know the players over and over and over again. And there is no, you know, kind of question of, well, let's see what else is going on. This is the group that's weak. And this is the group that's probably going to trade hand in hand with each other. That's exactly what we've been seeing every single day. The one stock that I really thought, and we had a pretty good pivot today to the downside. We've been trading Tesla pretty well. The one stock that I really thought had a shot today to kind of have a dead cab bounce, if you guys remember, I mean, Tesla hasn't had an uptick, literally. Hasn't had an uptick in, you know, eight sessions. You know, since losing, since coming in for that AI event, since coming in for that, when they missed their delivery numbers. So it's been down like literally eight days in a row. There was a shot today that actually turned around going green and just missed getting above this range here. Something to kind of, you know, kind of want to watch. I want to watch both sides. I definitely want to watch the bottom of Tesla tomorrow, but it's such a tight channel here. You can see here on the 60 minute view. Let me just show you on the 60 minute view, right? Look how tight this channel is, right? You can see, you can forget about all this here in the past. Look how tight the top of this channel here, look how bottom, you see how these Bollinger bands are getting tighter. Eventually, if it gets above this channel here, you know, that could be a four or five point rally, but if it loses today's channel, again, we talked about on the weekly view, then you have a room all the way down to this 213, right? 213, then 203 level. So that's definitely, and then this is, that's the whole point of this market. You have the flexibility to trade both sides. You don't need to be right. I stopped trying to figure out and be right, you know, 10, 12 years ago. You just don't want to do it. You have, your research is based on the night close. Your research is based on value. And right now, obviously, you could turn around. It's very, very tough to turn around a little. Well, I really love the market for the long side tomorrow. How, right? How? Where can you show me this? But the cool part about the market is, sometimes it washes out in the morning, things start going, you know, red to green, and they start surprisingly, right? Taking out the previous channel. That's why I've always encouraged everybody. Yes, understand the overall macro view of the market. Understand the direction of the market. But at some point though, you do have to be flexible and your research has to be dictated on both sides of the market, not just one. Obviously, you want to have a bias. You have an opinion. You want to make sure everything confirms. But at the same time, again, we're not naive. Stocks do not go straight down. And the most important part is be aware of that. And again, the only reason we held today, and a lot of people are going, well, the bulls held up very well. They didn't hold it very well. They had, they hit off the bottom Bollinger Man. They get, again, this is what these Bollinger Man's, all these lines are for it. Tell you where stocks are going to stop. Now, this thing starts losing, right? Remember we talked about on the weekend video if it loses 67, right? 67, 67, it was only yesterday's video. All you got to do is yesterday's video. It lost to 67 and stopped right at the Bollinger Man, it's 63. This thing starts losing 63. Again, it means absolutely nothing that one day it actually held up from not going to zero. Stocks are not going to zero. Stocks are not going to the moon. More important is trade the names that are in your sweet spot, right? For me, it's technology. For you, it could be anything else. That's why it's the coolest thing about trading is you don't need to be like anybody else. You don't need to be built like anybody else. You don't have to have the same amount of money as somebody else or experience. Everybody's different. Everybody's not a different experience. Everybody's not a completely different path. So the faster you embrace everything the market gives you, which is most important, technical analysis, the higher probability you can start making moves on your own without 35 different opinions or your favorite Twitter follower. Again, it's all technical analysis. I swear to you, it's all in front of you. The same information, right? We talked about this nonstop. The same information we got, you got and everybody else got as well. Again, go back to the video. All you need to do is look at that 67 area that we talked about over the weekend and you get to see your measure potential into the trading session. So tomorrow I'm definitely watching the continuation of possibly these software names, right? Snow I really like. Let me just give you some names for tomorrow. Snow I really like if, if, if it gets a big if. It's a whole big if. If it starts taking down this bottom channel here, looks good, TTD, same thing. You got crowdsource in the same group as well. You got CRM, right? They're all the same thing, right? All the same group, but the leader, definitely it's going to take their cues from the Microsoft, the Microsoft Windows, right? Windows 97, is that what it's called? Right, so that's that. But you do have a lot of other names that are very, very weak and very close to the bottom of their channels. Like look at Amazon, right? Look how close Amazon is guys. Look how close this is. Like this could be the next, you know, really big range expansion. You have literally what? One, two, three, four, five, six, seven, eight, nine, 10, 11, 12, tomorrow's going to be day 13. So you have two and a half weeks of distribution. If Amazon starts losing the bottom of the channel here, you know, this thing could get hit. It could get it for like three, four points. It doesn't sound like a lot, but keep this in mind. For every point, it's like the equivalent of 20 points before the split. So it is, you know, it is, and it's very, very liquid. So let's talk about today's day. Some stocks held up, some stocks are very aggressive. As you can see, more of them, more of them more aggressive than okay. But again, listen, it is what it is. Meta broke down on Friday, 132.44, if it builds below can flush. Only went down, you know, only went down like 60, you know, like 60 cents or so. Not nothing at all then turned around. It didn't work. It turned around and reclaimed that 134, at least for one day. Tesla continues to be, again, just amazing. Here is Friday's pivot, 233, if it builds below can flush. Here is today's pivot. The continuation, 222, if it confirms can flush more, traded down to 18. Just like the QQQ stopped right at the bottom of the Bollinger Man. Like I mentioned a couple of minutes ago, I will be definitely watching for both sides of the market tomorrow on Tesla. Just because, again, we're down eight days in a row. It's starting to get a little stretched out to the downside. Doesn't mean it won't go lower. Doesn't mean I won't trade it lower. It just means that I'm very, very conscious, especially after we saw it today, showed a lot of, you know, pretty decent strength at least with today's session. Is this one of those moments that it's strong today and gets completely destroyed tomorrow? Probably, right? But just in case it doesn't, we're definitely conscious at the top of the range. Google 9829, if it builds below, can flush. Not a big move on Google either. Here's your Google, right? You know, you took out the 9829, went down to 97. It had a dollar in change, but nothing really big there. AMD, again, had a massive move down on Friday. Very modest follow through today, not big at all. 57, if it builds below, can flush more. Here was AMD. Here was AMD. Took out the 57, traded down to 5630. Like I said, not a big continuation, but again, the stock got absolutely murderous. So again, sellers got a little tired. NVIDIA is just a beast, just a phenomenal, phenomenal trader outside of Tesla. This is definitely my favorite stock. So it broke down on Friday, below 126.21. Here is the pivot today. 119.45 is the previous week's low. If it confirms, can see 16.17. Yeah, it went right through everything, right? Took down, it took down the 19.45, right? It took down this 19.45 candle, went down to 16.17. The problem is it kept on going and went all the way down to 14 as well. Again, chips are getting absolutely annihilated. Again, call it what you want. Supply issues, everybody's supply issues. I think my dog has supply issues. Who knows, right? So Microsoft Massacre, right? Massacre today, Amazon, excuse me, Microsoft, Tesla, and NVIDIA were definitely the biggest ones here. 32.73, if it builds below, can flush. Look at Microsoft, just absolutely destroyed. So it took out the 32.73, the bottom of the range here, went all the way down to 26 and change. Big, big move, continue in the software space. Amazon, the pivot went down today, went down like a dollar and changed, but the macro level is still in play and that's the one we wanna watch over the next few days. 13.88, if it builds below, can flush. Here was Amazon, right? So Amazon took out the 13.88 and traded right to the 12.40. See, I'm just watching this bottom channel here for this potential really, really good move if it ever gets there. So we'll watch that as well. Tesla, another fantastic wash off. The open Tesla's been a great, great trader. Not just this week, it's just been the last five, six years. It's been straight down for a week. It needs to confirm 27, again, 27. That's gonna be the magic number, man. If this thing starts confirming that 27, maybe we could get a move, five, six, seven points. So again, nothing goes straight down. If you look at, and if you look at the Tesla chart, right? If you look at the Tesla chart, you'll see, right? You have eight days down in a row after the delivery numbers. So there's nothing great there. Eventually, sellers will dry up. Eventually, sellers will get tired, maybe not for the bottom of the move, but for at least for that interval, producing a one or two day snapback before a resumption for the bottom range. That's it, right? That's it, guys. So everybody have a great night, everybody. Hope everybody had a great trading day. Again, I'm forced to sell buys, but I am watching Tesla. I am watching a potential reversal at the bottom range, excuse me, at the bottom range, if there is a washout. There is no washout tomorrow. Just remember, guys, there's no such thing as a gap up, right? Gap up in a bare scenario. If you don't believe me, all you gotta do is back test it for the last, oh, I would say a hundred years, or at least 10. And especially today, all you gotta do is take, futures gapped up, they got hit, and everything got pulled with them as well. Because again, stocks are hitting supply. Guys, God bless everybody, have a great night. And let's see what we've got tomorrow. Take care.