 Take a cue from the market. Take a mental resday, guys. We only trade premium. The market is going to be around 200 years from now. We won't. Right? We won't. 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 another edition of the AccessToTrader.com nightly wrap-up show. Hope everybody is doing well. So tell me if you heard this before, right? Company ABCD doesn't make a difference what it is, right? Lowers revenues and forecasts, top and bottom line. Company ABCD, earnings and revenue miss, right? Blames inflation, blames everything. Company misses, cuts outlook, amid higher promotional activity, inflation-driven consumption, right? That's every single company. That's exactly what you have pretty much on a daily basis. The market, again, as we've been talking about, really is starting to discount this news until the market hit an important level yesterday, and we'll talk about that in a second. But that's exactly what happened today. You saw the same headline come in from lows, from target today, from children's place today, all pretty much saying the same thing. But this time, instead of the market rallying, kind of discounting on the news like the way they did on Walmart and pretty much every other tech company in this last quarter, the market actually went a little bit lower today. Nothing to even think about the majority of the day. I didn't even know the market was even down. But we talked about this last night. Spies hit the 200-day moving average, and we talked about it today, how the day was probably going to play out. You're probably going to have a little bit of a rest. You're probably going to have the same type of a little bit of euphoria in the smaller cap names. And when you see the pivots that you'll see exactly, that's it. We've literally had a couple of pivots on quote-unquote real stocks. And then everything else was like small caps. But just like everything else, and I've said this all the time, again, for years and years and years, I used to be, I mean, before pivots. I mean, up to 2010, excuse me, up to 2011, I used to swing trade. I had a book, right? Of small cap stocks. And then, you know, I used to have a ton of inventory on. You know, some would be up, some would be down, some would be flat, right? But it was a book. You managed the book. And then all of a sudden, around 2012, I started seeing some of my positions would go up 20 cents instantly. And I'd be like, whoa, what the hell's going on? And then all of a sudden, they would crash. And I'm not the sharpest tool in the shed, but I realized there were these things called alert services, where people have 5,000 people behind them, they buy a stock, goes up 10 cents, everybody sells in the stock, dies. And then I realized, right, I realized around 2010, 2011, I couldn't make any more money like this anymore, right? That the small cap, at least on the long side, I know a lot of you guys trade them on the short side. It's a completely different animal. And again, if that's your thing, that's your thing. But I was a long biased trader on these stocks for years. And then I realized I couldn't make any money. I was very, very in a weird place. And that's kind of, I went weeks and weeks and weeks and I started to develop these with, now is known to pivots. And now I basically only trade them, basically about once a year. And when you have a market like this for the last couple of weeks and you see these really big small cap moves, you start to pay attention, especially the last couple of days. And what you saw this morning was another rise, right? You had this big rise on BBBY, that stock year that we would talk about yesterday. You guys remember that year that we talked about yesterday from 165? The damn thing was about three and a half today, right? But the problem is with small cap stocks is the reason why the small cap stocks, majority of them are pretty, well, they're not the greatest companies in the world compared to Microsoft's, Apple's and Amazon's, so forth and so on. And BBBY was definitely the flavor of the choice of the moment for the last couple of days. And the only reason I'm bringing this up, it brought a lot of momentum into these small cap stocks. And again, we'll get to the individual pivots in a second. But after the close, and by the way, I love BBBY, okay? I love Bed Bath and Beyond. I could spend hours there. It's one of my favorite stores. But the moral of the story is, this was a big, big short squeeze, broke out around $6.53, went to $30. And then after the close, I forgot what the name of the fund was, but I think they registered, I think that was the registration. I think of what it's called. RC Ventures files to form 144 for nine and a half million shares of Bed Bath and Beyond. And Bed Bath and Beyond is down $5 after the close, as you can see it. And it's probably gonna stop the momentum for a lot of these small cap stocks, which basically puts me in a situation, I just don't care about them anymore, right? Once they stop, okay? And once there's not a mass overlong of people jumping over themselves to buy stocks at any price, they don't exist to me anymore. Because again, I know how hard it is for these stocks to move. And if there's no momentum, these names, these things, for the exception of one or two that might pop out here and there, I completely removed them off my radar. And now we're kind of back into our sweet spot, right? Which is beta technology and everything else in between. So this is what happened yesterday. We had the spies hit the 200 day moving average. Again, really, really impressive, $40 move on the spies in three weeks. Same thing kind of happened with the Qs. So we back tested down to the five day moving average. Why is the five day moving average? Again, this is your first time watching this broadcast. The five day moving average represents a short-term sentiment. Who has control of the short-term? And it doesn't mean this was the top, now we're gonna roll over and go lower. That doesn't mean that. But again, we look for clues. Again, I trade from both sides of the market as much as this was a phenomenal bull market run. I'm not naive, I get it. We could get pulled at any time. So now we're watching for tomorrow this 424.50 level. You see this 424 level? If the spies start building below 424.50, then yes, you're gonna bring it, you're probably going to bring more selling. And no, nobody's saying we're going back to lows. But again, we take a day by day trade by trade, sentiment by sentiment. And the point is the sentiment is still super duper bullish. But if we lose 424.50, and this is a number you should really jot down for tomorrow's session, because if we start losing this 424.50 level, then yes, we will get continued back-tests. And then you have room all the way down to where? You got room to what, 421, right? So you still got five points down in the S&Ps. It's not a small move. So you have to kind of prepare on both sides of the market. And when I looked at my research this morning, this afternoon, was that when I was charting? Yeah, predominantly, predominantly. Not all, but predominantly, the setups that I had for tomorrow, we're definitely to the sell side. I definitely have some long-sided setups that I like. Okay, I think Tesla is right in the middle of the range. It's not a long, it's not a short, but it might be coming up to a sweet spot somewhere in the near future. Again, we started seeing some deep out of the money, 9.50, 9.60 weekly calls come in. Maybe that sparks it up, maybe it doesn't. But the point is, again, guys, take the tape, don't be naive in the thing. The market goes one way, it's gonna go that way forever, okay? As much as I am pretty much, I don't know how much more I could have been, how much I've been pushing the envelope above the 50-day moving average on the long side. But again, we also know, hey, we hit the 200-day, there's no guarantee we will get out above the 200-day ever again. Maybe we will, maybe we won't. Obviously, any close above 432 on the SPYs starts a really, really more aggressive leg up. But for the meantime, from the day-to-day basis, we definitely wanna keep an eye on the 424-50 level tomorrow on the SPYs, because if that gets lost, that is about $5 worth of downside. Same thing on the Qs, right? Same thing on the Qs here. Qs had a nice little run, didn't quite make it to the 200-day, but still, 40 points in three weeks is pretty good, right? Today, you can see it held the 10-day moving average. Same thing goes for the Qs. If the Qs start losing, 326, this whole 10-day moving average, and yeah, we got another, what, three, four points of downside to go. So again, that's what all that research for tomorrow, if it gets confirmed, yeah, we will get some pretty good shorts on deck. But again, you don't anticipate, right? You don't anticipate. All we can do is get prepared. That's it. All we can do is get prepared, and once we're prepared, all we need to wait is for confirmation. Are you gonna trade everything perfectly? Absolutely not, right? You have all losses every day. You have stocks that just fail on you every day. It happens, right? But the most important part is you're prepared. So at least if the stock fails that level, whether it's a long or short, you know how important that level is. You just get out, right? Take your little loss, take break even up a little bit, down a little bit, but get the hell out of dodge until you get more clarity. And that's kind of where we are set up for tomorrow. The greatest gift you can give yourself, number one is being adult, right? Being adult, stay patient, obviously processes everything in this business, and give yourself time, right? You don't need to trade every single day, and not every single day is gonna be your sweet spot, right? Bet it today, rest it for the exception of several names that went down for a little bit of cash flow. It was a res day for the market. And now we kind of know, we kind of know this 10 days is kind of a big deal. So if the market confirms the 10 day below 326 tomorrow on the Qs, yeah, we'll have some more sellers by us. But the one thing that you have to do as a trader is aspiring trader, whatever the case may be, whatever your label is on you, have an open mind. You gotta trade both sides of the market. Don't start feeding yourself and start feeding your head about the Fed minutes were aggressively gonna work on cutting inflation, whatever the hell the term is. I'm not smart enough to understand that. There's a million different websites that can redo the Fed minutes there. I have no idea what the hell they said. It doesn't make a difference to me. All I know is everybody's complaining and blah, blah, blah, and nobody's happy. The market's so good. Is anybody ever gonna be happy, right? Smile, life is not that serious, right? So whatever the hell the Fed minute said, it's nothing new, it's the same jargon. Market really didn't react one way or another. You had a half a percent decline, both in the Dow, the S&P, one percent decline in the Nasdaq. But again, if you're a bull, especially if you were a bull in the last three weeks, who the hell is complaining, right? But again, it's super important to trade both sides of the market. And this is a very important part. And this is kind of what we talk about the mental health side of trading, right? Like I trade beta, Tesla, Amazon, these are my stocks. This is where, this is it. This is my holy grail. So when they rest, I rest. It's so important that you get your, you get your cues from the market, okay? Because if you're trading Tesla and you see trading a $3 channel, that's mental drainage. You're burning a lot of mental equity and you're getting fried. You don't need to lose money to get fried. It's a very, very important point. So whatever your style of trading is, right? Really understand if your stocks are not in play. What I mean, if your process is not being spotlight and channels are contracting instead of channels are expanding, take a cue from the market. Take a mental resume, guys. We only trade premium. The market is gonna be around 200 years from now. We won't, right? We won't. We'll be in a far away, better place in this crazy life. But the market will be around. So while we're still on earth and we're all trying to navigate this crazy life of ours, we have to wait. Because if we don't wait and you just trade every single day exactly the same way, exactly the same speed, I promise you your career is going to shrink faster than me coming out of the ocean. And that's what she said. So moral of the story is, look, we know our levels for tomorrow, right? For the cues, for the spies we talked about. A lot of stocks are still resting. You know, can these small cap stocks probably had their last day or so? You know, maybe this BBBY news, you know, really spooks a lot of the small cap traders and that market dies. So if you have that market dying with everything else resting, the value then turns to the downside. And the most important part is we could take advantage of those ranges. But again, you have to know your ranges. Don't guess, don't anticipate, let the ranges confirm. So let's talk about today, right? Let's talk about today. So here was the very, I mean, if you notice, we literally had two stocks that you guys probably are familiar with, right? Tesla cashflow only set up 908. If it gets down, it should get down to 903, 900. It got right down to 900. I think that was basically it. It was a very, very tight channel. The funny thing is I actually lost the dollar in Tesla today because it was just so tight, it couldn't break down. So, which is absolutely nothing, but whatever. It is what it is. But again, Tesla is definitely setting up for the next couple of days, both long and short. If it starts losing today's range, then hey, we might have something to working here. If it starts taking out today's range, hey, we might have to something working here. But again, don't fall in love with the stock. Fall in love with technical analysis. TDOC, just the cashflow move, 3750, big support level, 3750-day support if it builds below can flush. And it really does show you how strong this market is, right? You know, they got downgraded by Goldman Sachs. You figure downgraded by Goldman Sachs, the stock would be down five, right? The stock went down like 40 cents or so, then it paused and blah, blah, blah. Finally, you broke below the 50-day moving average. You know, it went down like a dollar in change. But the point is, again, you need fear for stocks to get down. Maybe this is finally the first start of, hey, small caps are, you know, maybe they stop. Maybe the stocks need more rest. Maybe this is like the first inning, but we don't know, right? We don't know. So that's my point. You know, you're just trying to take one pivot at a time, take cashflow and move along. Because again, you're not gonna get these massive channels if everything's in a massive uptrend. So again, TDOC, you know, little cashflow here. EA never confirmed, TTCF never confirmed, WRB. Look at these symbols, right? Just to give you an idea of what kind of date is this, like, you know, what kind of research it was. Look at these symbols. I find myself almost saying, Dan, did you make up these symbols as you go along? Right? TTCF, WRBY, AEY, none of these stocks, anything. This was a nice little move, right? A CGC, somebody yesterday came out, it wasn't the September's, it was a typo. It was the January's. Somebody came out yesterday, they bought the January 15 calls. The stocks are $2, $4, right? So $4 needs to build on CGC. They started coming, they started coming for the $4.5 and $5 a weeklies. Yeah, weeklies. And it's a nice move. It went from four to 430, right? Not a bad move, not a bad move at all. So again, small cap stocks we're playing out today. RGS, another little one, 136 needs to build, right? 136 needs to build. Again, look what we're talking about here, right? For all you guys who've been watching this broadcast for a long, long time. When was the last time you saw all these weird ass symbols, right? We're always talking about the same stocks, but again, a pivot is a pivot is a pivot, right? What's the difference? So here's the 136, took out the 136, traded to the high of the day, 150. Yeah, listen, if it gets one more day, can it get to 165? Who the hell knows, right? Still holding this little OSCR. I'm still kind of stuck in from yesterday, but whatever, I'll give it one more day. It did hold yesterday's lows today. Okay, we'll see. We're not trying to recreate the wheel here, but the most important part is guys, like I say every single day, appreciate the journey, learn how to smile, and most important thing is don't take everything seriously, right? Don't put a lot of pressure on yourself to figure things out. I see a lot of new traders trying to figure things out in the first two years. The same thing, they're almost trying to put in the journey of somebody like me for 23 years plus, and say to yourself, well, if I can't figure out this business in the first year, it's a waste of time. It's not. It's just you're on the first leg of hopefully a long, long career. So guys, stay blessed. Have a great day tomorrow. See what we got, see how much value we get, and with God's help, I'll see you guys all tomorrow. Take care.