 my thesis potentially of, you know, a legitimate back test could occur tomorrow. But again, like I said, we are prepared for both sides of the measure going into tomorrow. So let's begin. 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. Welcome to another edition of the Access a Trader dot com Monday edition. Hope everybody is doing well. So if you look at the scoreboard today, nothing is going to kind of jump at you, right? And it's supposed to, right? When you look at the final numbers, Nasdaq down, what 13, 14 points, nothing's going to really stand out as one of those moments that you could turn around and say, well, let's take, let's maybe take a question and a little step back. And I'll tell you what I mean. So pre market today, we were sitting there, everything was all good. And then all of a sudden, a new video out of nowhere comes out and they guide lower. Now, why is that a big deal? Because, well, it's a big deal, right? So this obviously has a major, a major, major factor on a lot of the semiconductors. And it's, it's also what it represents, right? They represent gaming, they represent Bitcoin, they represent chip, Schmitts, dips and everything else in between. And, you know, the Nasdaq started getting hit down a little bit on the video news, as you can imagine, a lot of the semiconductors went down with it. Now, the issue was with every single stock getting hit on weakness into a pre announcement, again, we've kind of did a whole laundry list of this yet Shopify, Shopify, you had meta, you had, I mean, there's so slew them Microsoft this on that one, all came out with either lowered, lowered guidance, missed the top of bottom and what happened? They ran, AMD, they all ran up. And today was the first time in the last two weeks that a major tech company when actually went lower on earnings guidance, right? So that kind of turned around and you go, Oh, okay, okay, it kind of makes sense, right? Bad news at the end of the day actually could be bad news. But the common denominator where we've been seeing now for the last several weeks is the cues continue, no matter what happens with individual companies that could be market leaders that could be part of a major group, the market continues to go higher. And for the most part of the day, the cues are green, right? And that's kind of a very big deal. So it's like ho hum, another company, you know, another company, lowered guidance, blah, blah, blah, blah, everything is status quo, right? And the whole thing was everything was and we saw stocks like Tesla appear to come out of their channels, right? Barely come out of the channels. You had names like Google, but again, pretty decent moves at the open. And we'll get to individual pivots in a second, I apologize, I'm a little tired. And Google, right? You had Google come out of this whole range, okay? You had Google, you had Microsoft, you had Amazon, all coming out of the ranges. And the one, the biggest one of all with the QQQs that took out the previous three days, two days worth of selling or at least two days worth of buying and went higher. So this is the first time we saw this is kind of what we segue into tomorrow's thinking. You know, this is the first day that we saw a major company guide lower and actually go lower. And this is the first time we saw in the past two weeks since we reclaimed the 29650 area 29675 area on the QQs. This is the first time that we took out ranges, right? Multiple days of ranges in the same day only to lose those ranges and close at the bottom range. And if you look at a lot of stocks, again, I just gave an example, say Microsoft, Google, Tesla, Amazon, I'm sure if you go through the whole Nasdaq 100, you'll get a bigger view. But that's something we have to intake, right? That's something that going into tomorrow's session, we have to keep in the back of our minds. And again, nobody's turning around and being like, well, that's it. That's the top inverted hammers. See you at the lows. No, nobody's saying that. The same way we talked about on the weekend update is again, the markets up, Nasdaq's up two weeks in a row. So anytime you get weakness, like we saw a little bit of weakness on Friday, you know, it's healthy, right? It's healthy, it's organic. It's letting stocks kind of rest a little bit. But this is the first time we saw this in the first last two weeks that stocks took out the previous day channel and they started coming in very aggressively. So for example, look at Microsoft, right? So there was a pivot on Microsoft off this 84 level and granted, it was a nice trade. It was a little shaky, right? A little shaky at the open, but it ended up to be a nice trade. It ran up about two bucks or so. But one was the last time a stock comes out of a channel here, takes out one, two, three days, right? Three days worth of work, three days worth of data comes back, puts in an inverted hammer and puts in the lowest close in this whole formation. Again, that's a negative thing. That's not a positive thing. And it's, and we're, and again, I'm speaking from the point of what happens the next day, not what, where, where I think Microsoft is going to wind up three weeks from now, or three months from now, we're basically talking about the next day. And this is where again, we use technical analysis and price, right? Price data to kind of formulate our opinion for the next day. So for example, let's use the cues, right? Let's use the cues. So we talked about, we talked about over the weekend, there was an area of the cues that I watched that they started breaking down below those areas. I do think there's going to be a back test in the market. So far, this 318 level, the 318 39 level on the cues is a big deal. Granted, today, we put in a higher low, you know, right, a higher low on the five-day moving average, but we also put it in inverted hammer after losing a three-day range, right? So you have to kind of weigh the pros and the cons. And every time you get any type of cons at the top of the range, you want to give gravity the benefit of the doubt. And so that's kind of where I'm preparing for tomorrow. So if the cues start building below 318 39 tomorrow, then yeah, I do think we'll have a proper back test. Okay, again, nobody's saying we'll go into the lows. But again, we have to prepare yourself and whether you're a new trader, new trader, seasoned trader, whatever the case might be, you always have to be prepared for the other side of the equation. You always have to play doubles advocate. So when the market opens up, you are prepared from both sides of the market. For example, I got some longs I like for tomorrow. I got some shorts I like for tomorrow. But I'm definitely gearing towards the stocks that, hell, you know, giving me data enough to say, hey, wait a minute, if they start losing the previous days range, they could back test further. And that's kind of the whole point. So we're kind of getting prepared from both sides of the market. But I'm definitely, definitely watching this 318 39 level on the cues because if they start to confirm down, the 10 day moving average is going all the way down to this 314 level. It doesn't sound like a big deal $4 on the cues. But again, $4 on the cues is still enough that if we could catch an individual underlying, underlying equity for the move down, it's going to be a pretty healthy move considering there's a $4 range to the next rise in support. So we're kind of going day by day, trade by trade. And today was a perfect example, like we kind of reiterate all the time in the webinar and on these updates as well. Again, don't buy the stocks from the top, right? The stocks that are already ran. And that's why, again, and if they do run, start taking profits on them, right, to always take on the way up, always use break even on all runners, let us stop you out break even. Okay, if you, if you get stopped out break even on the balance after you took money in your runner, you did your job, right? Because if your runner is supposed to do two things, either stop you out break even or reach measure potential. And that's exactly what we talk about every single day, putting yourself in a situation that you are in control of the market, the market's not in control of you. And this is why we say every single day, you don't need to trade every single day. But if you do get the premium hand and you are prepared for the next trading day, then it shouldn't be shocked when a stock that you're looking at plays out after technical confirmation. So going into tomorrow's session, again, we don't have to guess, we don't have to, we don't have to anticipate. We can't anticipate the cues breaking down from the 318 level. How can you possibly do that, right? That's, that's asinine. It's insane. It's, you're putting yourself in a situation that if they get close within a penny, you'll get squeezed back. So let the market, the market is going to back test tomorrow doesn't have to take out the previous day's low, right? That's something we talk about in nausea. If a stock or an ETF or anything else wants to go lower, it needs to take out the previous day's low. If the stock ETF or any other asset class wants to go higher, it needs to take out the previous day's high. And again, here's where the eyebrows arise, right, are arisen, right? It did take out the previous day high. It did take out the previous range high. It went up and then it closed the lowest point in this range without taking out the previous day's low. So this is where my thesis potentially of, you know, a legitimate back test could occur tomorrow. But again, like I said, we are prepared for both sides of the measure going into tomorrow's session. Again, the most important thing is just don't get anything surprised, right? You don't want to be like, I don't understand, how did Tesla go down $60 to there? Where did it come from? Well, if you did your homework and you looked at the channels, you know exactly where the previous channel is. And if that channel gets taken down, there shouldn't be any surprise and you shouldn't be shocked that you're upside down in the trade. Again, I'm just using Tesla as an example, but that could be applied to any single chart. So let's talk about today. So we talked about NET. This is a nice clean move here. NET here, we talked about this on the video, came out with great earnings on Friday. It went sideways. You guys just all you have to do is go back to the last night's video or whatever the video was. 74, 75, 75, 27, 75 needs to build. So it took out 75, put in the high of 75, 27, retraced and once it went through, it was a perfect second entry and it did exactly what we thought it was going to do. It traded right to the 60-minute supply in the 7660s. It was a really nice trade and obviously everything turned around and dumped, you know, a nice trade. There's nothing wrong with that. Google was good. I traded into the 120s. Again, we talked about Google and nausea, 118, 80, 119 needs to build, traded up to 120 and change and reversed. Microsoft, there was a pre-market high at 85, 20. There was actually a better entry. We'll talk about that in a second. And the video, before obviously guided higher, guided lower, I go, hey, 192, 75 needs to build to the upside. Obviously, that was my next sentence. I have a hunch this won't confirm, right? Got lower. And Tesla was watching to the downside, didn't confirm that level, but this 856 level will be kind of a big deal going forward if there is a little bit of softness. So here is Microsoft. This is kind of where we got lucky here a little bit. If it opens below 284, then use that as the pivot. It opened up below 284 and went from 284 to about 286 before everything reversed. Coin continues to be an absolute monster. 99 needs to build. He was Coinbase. I miss Coinbase. It was just way too fast, like literally way too fast for me, but it took out 99. It went to like 103.5, just a beast, just an absolute beast of a stock. RDFN for all you guys who traded this one. Great job, right? Great job here. What I try to do, I try to put one or two smaller names, either in the webinar or the Twitter feed, just to give everybody something. RDFN, 108711 needs to build. This thing went nuts, right? This thing went absolutely nuts. Here's RDFN, right? So it took out this whole area and traded all the way up to 1240, just rock star move on RDFN. BYND, talk about it if you haven't figured out if this is a bull market yet. Beyond, right? Another perfect example last week, guided lower, like stock exploded. So here's the pivot. 3966 needs to build. Look at beyond it today, right? Look at beyond. Look at the move here. It took out 3966, went to almost 45, right? That's a bull market. That's where they're taking up everything. They don't care. They're literally taking up everything beyond. And I said 1170 potential. This thing went to 1250. We were watching shop. It didn't quite make it there to the 40 to 60 level. Google went to 120, 15. They said next stop 112, 120, 60. Didn't quite get there. And that is about it. So again, going into tomorrow, guys, just keep in mind, just keep in mind this number here. This is all you need to do not to go long, right? So if you see the queues start building below 318 30s, okay, I wouldn't go long. I mean, I just, again, this is just my two cents, but I wouldn't go long. I mean, look at stocks that look heavy, right? Look at stocks like Amazon that are sitting there on the five days. The five day confirms it goes lower. Look at Tesla, right? Tesla had a big move up today, right? Got rejected. If Tesla loses this range, it's like $30, $35 worth the downside. Again, there's definitely value, okay? There's definitely value. Look on the outside, a name like Wayfair looks pretty interesting. A name like Fold for all you guys are trading these smaller names looks pretty interesting. So I think there's something there for everybody, but I just wouldn't get too aggressive on the long side. If the channel start building and everything starts going, that's different. But if we run into a situation that the market's a stalemate and we're just not going higher, there'll probably be a situation that if we are prepared, which we are for tomorrow, that if they start taking down the bottom channels, we'll be ready for that as well. Guys, have a great night. God bless. I wish you all the best and with God's help, I'll see you all tomorrow. Take care.