 That's kind of where we are today, closing literally right on the 10-day moving average. So this 392 level for tomorrow's session is gonna be an absolute huge deal. Welcome to Access to 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 a Monday edition of the AccessToTrader.com Nightly Wrap Up Show, everybody is doing well. So after last week's, nearly 4% on all across the index, is the question was, what was the market gonna do for an encore? And if you guys watched the last week's, last weekend's video, there was kind of a big separation, a big disconnect between the growth stocks that were kind of sold now for the last couple of weeks. All the money was coming out of all these growth names, and the money was flowing into names like Apple, names like Microsoft, a lot of the consumer cyclicals, like we talked about, for example, Colgate Palmolive on the weekend, up again, nothing sexy, but that's where the money flow entered. So the question going into today's session was, number one, can the market continue its last week's dominance? But if you traded last week, you kind of know that the majority of the value from last week was all to the downside, not named Apple, right? Not named Microsoft. So the question it was coming into today, was Apple and Microsoft gonna bring everything else back up that was getting sold, or is everything gonna get sold finally gonna start bringing down Apple and Microsoft, especially Apple has had this really, really parabolic move that we've been talking about, and obviously we highlighted over the weekend. And when you look at the scoreboard today, it's not a big deal, right? When you look at the scoreboard, you see pretty much everything's down 1% all across the board, but it doesn't really represent the weakness, the aggressiveness in continuation of selling all these growth stories. And not even like the stocks like the UPSTs of the world will let it use, even names that had this really huge run over the last couple of years, and we talked about NVIDIA as well. These are the names that are really starting to get into the sweet spot of a lot of aggressive selling pressure. When you start looking at names like NVIDIA, and you start looking at names like a Tesla or a stock like a Netflix, you can see how close they're all coming to the recent Lowe's channel. And if this was a situation of using Apple as a barometer, right? To see kind of the strength and weakness in tech. And the question remains is, well, if the money does continue to come out of Apple, and again, this was the leader going up, well, how are these other stocks going to survive? And that's the million dollar question. The key kind of going into tomorrow is understanding two things. Right now, the NASDAQ 100, after everything that happened is, after everything that happened last week, we saw this 4% move, nearly 4% move in the NASDAQ 100, the queues closed today right at the 10 day moving average. And that's a kind of a big deal. If you've been watching this video or any of the workshops or anything, anything I've done, you know the importance that I put in on the 10 day moving average. It's the birth of the trade. Once you close above the 10 day moving average, that's super bullish. If you close below the 10 day moving average, and it confirms the next day, when you had a problem in your hands, and that's kind of where we are today, closing literally right on the 10 day moving average. So this 392 level for tomorrow's session is gonna be an absolute huge, huge deal. Because if we gap up and start losing that 392 level and start building below, again, if you believe in the theory that stocks trade from supply to supply, then again, you have to believe in the theory that stocks trade to demand, to demand. So if we start losing this 392 level, then we got 387 and then 384, which will be a double dip test to this rising 50 day moving average. That's kind of a big deal. And when you look at all the former runners, well they're already far, they're already far in front of the pack as far as weakness goes. And you could see the bottom channel here on Tesla stopped here perfectly double bottom. You could see the bottom channel here on NVIDIA, right? Very, very close of taking out recent, recent lows. You could tell the bottom kind of starting to form, confirm the five day moving average. We talked about this on the weekend video of Doc, you're trying to see the bottom of the channel here. And the video of course, right? And the video of the mall, you have this double bottom here and this thing confirms it has another 10, 15 points to the next demand zone. So yeah, I mean, the bulls have their work cut out for tomorrow. I think tomorrow, if we gap up and start losing support, it's gonna be a pretty ugly scenario. I think in a weird way that the best thing that can happen to the bulls tomorrow, if we actually gap down below the 10 day moving average on the cues and wash them out, trap some shorts on the bottom of the channel, reclaim the 10 day moving average and start to rally. Because again, if you don't believe in technical analysis and you avoid all these levels where you're gonna be A1 in the cross hairs of what's about to happen next. And nobody wants that, right? It's not about bull versus bears. It's all about being prepared versus the unprepared. And again, I could be wrong every single day, thesis wise, literally wise, even on the wrong side of the market. But as long as I don't jump the gun, as long as I don't preempt the trade and forecast what's about to happen next, it's okay, right? It's okay to be wrong theoretically. Just do not be wrong financially. And the most important part is once you get all this data, right? And that's the data we talk about every single day, collecting via technical analysis. At least it's going to give us a lot more clues going into tomorrow's channel. And if you do your homework today, if you do your really good to diligence today and look at the technology space, you'll see a lot of names that are in the chopping block looking aggressive to the downside. But if you look outside of the tech space and you look at names, how really well a name like Costco held up today after Friday's really big move, the Sumer cyclical like a Colgate Palmava has nothing to do with the technology space holding up well. So there's definitely names that are holding up. But again, our focus, especially from the trading aspect is looking for momentum average to range, especially in technology. And if these stocks do start confirming, especially today's channels on macro on the cues and formally a lot of names that just starting to test out previous week's lows, then you have yourself a big problem. So let's talk about some names that I do like for tomorrow's session. I like this Colgate Palmava, Palmava, we'll get to the pivots in a second. It started taking out Friday's channel, cleared out all the supply and now it has this whole gap to fill. This thing starts getting above all this channel here. Maybe you could start seeing filling a gap here all the way up to 83. This is a name you definitely want to play on dips into rising 60 minutes support. A name like Costco as well. Today was a perfect example of a stock that broke out the previous day and trapped shorts on the bottom of the range. You see this whole 49, 50 level? Again, we'll talk about the pivots in a second. But here's where bulls trap shorts, eager, emotional, not prepared shorts. They're just thinking, well, everything's gonna go down because the market's going down. And here's an example of, again, strong stock dipping into rising 60 minutes support, trapping, and this thing actually went green a couple of times throughout the day and held Friday's gain. So very, very impressive. But if you look at the downside, again, we have to watch Tesla for tomorrow. There was pretty aggressive 900 weekly call buyers coming in and you could see from the December six lows. And the reason why the December six low is so important, this is the lowest candle, right? Defending the 50 day moving average. So if this candle gets validated, right? Or at least confirmed, then you gotta move coming to like 930, 909, and all the way down to fill in this gap, which could be very, very aggressive. They were coming for pretty aggressive short-term expiration of NVIDIA itself. And again, they were coming today for the 290s, the 285s, the 280s, and the 270 weeklies. And the reason why they're saying 270, if it confirms this whole channel here, then you have this rising support here, measured potential 271 on the 50 day moving average. Look at Boeing. They were coming today also for the 190 weeklies, okay? And this is the first close below the 10 day moving average. When it tried to rally back, it got stuffed at the 10 day moving average. So if it starts losing this bottom channel here, you can see here the December 3rd lows were pretty much correlated with today's lows. And if it starts losing that, it has a pocket of all the way to 185 to fill, which could be very aggressive as well. Look at a name like ASAN. Again, here's another example of a stock blowing up into earnings, right? Blowing up at the earnings, dead cat bounce now finally lost its 10, lost its five day moving average. Just things like a day away from confirming earnings lows. And if it does, and if you've kind of been watching this broadcast for a while, you know how much I love these earnings lows confirmation plays. Once they confirm these earnings lows, they're a week, two weeks of literally drifting, drifting lower, and you can get some pretty aggressive moves to the downside, especially if there is continuation of weakness. So some really good value tomorrow to the downside. Again, the bulls are gonna really need to put in some work tomorrow to start reclaiming some macro levels because of that 10 day moving average does get violated, right? And sellers take control, then the 50 day moving average is going to be a retest once again. So let's talk about today's pivots. Again, the weird way today was actually, you know, pretty tamed, at least in the morning, there was definitely some good value in the morning, some dips today, in names like Microsoft that was strong, in names like Costco that was strong, obviously the shorts today really, really fell apart. And that was the most important part, how easily they gave up compared to last Friday when they were still fighting over controls. And obviously when the indexes are up 4%, you know, it's much easier to kind of manipulate the narrative without realizing how ugly it was below the surface. So let's talk about today's action. Snow started off well, right? We talked about two areas, 375 and 378 big areas needs to build. Snow was super thin today, really, really thin. Went from 375 to like 377 change, never confirmed the 378 macro and then all of a sudden like everything else got really, really beat down. CL, 79, 75, 80 needs to build. Here was CL, took out the 79, 75, 80, traded up to like 81 and a quarter within 10 cents of the highs. Really nice move here. I still like this thing going higher. There was actually two areas of Microsoft. The first one was 240, 340, 80s for a dip, right? The first one was 240, 80s for a dip and you can see here why, right? You see this first channel here? Again, rising support. It actually went green on a day and traded all the way up to 340, 370s and they got pretty much rejected at the pre-market highs in the stock, obviously fell apart with everything else. TTT was pretty good. I didn't do this, TTT, I was involved with a whole bunch of other stuff, but TTT is super tight. We talked about this 99 to the upside, 93 to the downside, went to like 90 and changed. So nice little move there. Qualcomm was pretty good today. There was really good call buying coming in, Qualcomm at the open. It took out the 188, took out the 89, went to 91. Actually, it was a pretty good trade considering how weak the market was in the beginning. So it took out this whole 88, took out the 89 and traded all the way up to 91.30. Nice move there, like really, really nice move there on Qualcomm and then you started seeing all the names getting weak, all the names we started talking about on the weekend video, losing their channels, docus earnings bounce was short-lived basically, right? Anything under, it was supposed to be under. 142.50, 142.50, 142.00, if it builds below can start move back to its earnings lows. So here was docus, right? So here was docus. Again, here's a perfect example of losing the five-day moving average, took out the 42, closed right at the lows of 39 and changed. This thing starts confirming this 39 level tomorrow. I do believe there will be a test to the earnings lows and that's when the stock, that's when the trade really starts from the 131 area. NVIDIA got destroyed, absolutely destroyed, 298.50, 298.00, if it builds below can flush more. NVIDIA got, as the kids say, got wrecked. Here was the 298.00, went all the way down to the 280. And now it's staring a macro in the face and this thing loses this 280. You're gonna see a move to the two 50-day moving average. So keep an eye on that. Tesla for experienced traders obviously never got the 10.24 because now we're looking back to the downside. Guys, VRTX continues to look very, very well. Stock is just not going down and it's not going up, but it's not going down. If this thing could finally get above this 209 level, now some of these bios have been holding up. Maybe this thing goes, it's holding up incredibly, incredibly well. It's just a matter of time there. Costco, here's, again, here's a perfect example of stocks trapping, right? Costco for experienced traders only, 549, 550, bounce potential into rising support. Obviously, 562 needs to build and here was Costco. Here was the 60-minute support. You see this whole 549, 550 area? This is where emotional sellers got trapped by technical buyers. And this thing went almost green in the day. Beautiful bounce. I mean, really, really beautiful bounce. Nearly an $8, $9 bounce on Costco. Nice move there. Starbucks still not anywhere close to, here comes Qualcomm, right? Take it on the way up, 191 on deck, and that was supply. 89, 70s coming. I didn't expect 280s to come, but it sold off much more there. Nice bounce, could go green, did go green. NVIDIA, perfect move to the 290 area. And here's it, this was the one that pretty much gave the stamp of approval for the selling in the afternoon. Apple 178.30, 178 for builds below, can confirm the blow off. I don't want to use the word blow off top. I don't want to use that. Had a beautiful majestic run. Bulls did great. It just a near short-term pause. Let's use the word pause, but anyway, 178.30, 178 for builds below can flush. I gave about a dollar move initially and then finally in the afternoon, it gave it up. You could see here, finally gave it up in the afternoon and closed right on the five-day moving average. And guess what, that five-day moving average is obviously gonna be important to Apple for tomorrow as well, for the bulls to defend and obviously to sellers to try to take control. So again, market's a little bit aggressive right now. We are coming up on some key levels. If you are new to technical analysis, dive right in, fall in love with it. The faster you fall in love with technical analysis, the easier mentally you can digest information. It's all about collecting data and making logical choices on the data you collect. Guys, have a great night everybody. God bless and I will see you all tomorrow.