 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 access to trader.com nightly update show. Hope everybody is doing well. If you are brand new to the channel, please like, subscribe, share. We have a pretty cool take of the market, the general market, the overall aspect of sentiment. And I think it's a very unbiased honest opinion of what I believe the market is going to do next. I mean, next literally next the next trading day, not two, three months down the line, not a year from now, but just literally getting prepared for the next session. Before we go on, just one last reminder. If you are planning to join us, whether it's tomorrow or next week, this Saturday, this Saturday from 10 o'clock in the morning, 10 o'clock to 12 o'clock, we're going to be doing a virtual summit in the live room hosted by our own Kenyan. I will be in the panel for all you guys who know a boy Kane, Matt, Larry, you have two equity, you have two equity guys, you have two option guys, a rapid fire participation from the audience, all that good stuff about how we trade pivots, different views, whether it's bounces, whether it's rejections, whether it's macro pivots, where it's micro pivots, where it's sneaky pivots, all these things you hear me talk about. So it'll be really, really cool to be very, very fun. Instead of me sitting there doing a whole, well, this is a pivot, it takes out supply, blah, blah, blah, blah. We want to make sure it's fun, enjoyable for everybody. Because the last thing I want to do is sit there for two hours, talk about pivots, which I do Monday through Friday for six hours, literally speaking six hours a day. So if you are coming aboard, this is a very cool, neat event, and it will be Saturday at 10am Eastern time, and it's open to all traders for accent traders. So hopefully you guys will join us. I look forward to working with all you new folks. So let's talk about today. So last night on the video, we talked about how the Qs failed to take out last week's highs, and we started tightening up channels. And we have tightening up channels. I mean, it looks like it's one of those scenarios that combine that with not taking out the previous, you know, previous weeks high. Usually what happens is a little bit of an exhaustion effect. So if you guys remember on yesterday's video, we were talking about how the semiconductors were weak, and they started to break down. You know, your names like AMAT, for example, names like NVIDIA. And you can see how they all follow through to downside. The problem was with today's session was you had ADP numbers come out. You had a revised consensus, which the private sector basically increased in doubles consensus. So you had some pretty nasty selling here at the open. If you look at the 60 minute view, and not just on the Qs, if you look at the 60 minute view on pretty much every stock, you'll see exactly the same thing. Amazon, right? These are these are pretty nasty candles at the open. And when you when you woke up this morning, you saw the ADP data, which is is deep, you know, really, I don't want to say not reliable, but a lot of people believe it's a little bit exaggerated. It's not exactly the same thing as the potential June payroll that's going to be out tomorrow morning. Again, more data on that's going to set the tone. But it did smooth the market today. You could quite see that a lot of really aggressive selling at the open. But the problem is we're in a bull market, right? And, you know, my, you know, when I talk about being prepared on both sides of the market, and we talked about specifically like a name like Micron, right? Everything gap down aggressively. And the problem with this gap down, especially in a bull market is everything gap into rise and support. It's not like you had a plethora of 6000 stocks to choose from on the short side. And when you have stocks trading into support, and there's a very, very important thing to remember as a trader never shorten the hole. So for example, the bull market, the last thing we're going to do is short the open, because that's when you'll get really manhandled. And that's exactly what happened. You know, after the open selling, you had your kind of capitulation move after 10 o'clock, and you can see how the cues they held rising support. And you're going to see that with a lot of charts that doesn't make a difference. What you, what symbol you punch up, you're going to see exactly the same thing. They opened that support. And they just basically started grinding back the whole day, which basically left us more watching than anything else. But at least the good part of it is, and this is where I say all the time, some days you have to take a little bit of a step back to kind of watch the action to get more data for the next day. And today was kind of one of those days. And, you know, I tried to bounce a couple of names today. I tried to bounce Tesla twice today, right? I bounced it the first time and went up like 20, 30 cents to use breakeven as my stop. Got stopped out. I tried to buy a bounce at the second time when, you know, rally, excuse me, the first time went up like 40, 50 cents, nothing, right? Came back in, stopped me out breakeven. Second time, I did it again. It started bouncing 20, 30, 40 cents, nothing big. Stop that evens. I figured, hey, you know what? If this thing can't go up, must go down. Tesla actually gave us a pretty good, pretty good short to the downside, taking down two days worth of buying in the same little tight channel. But again, it was only a couple of bucks and I attempted to bounce square as well, right? Nice little trade on the short side on Tesla, but, you know, nice little, you know, had a really big move on square and it came back into its breakout price today. And I actually bounced it off the 60 minute view and it just, just like everything else, they try to bounce it here and then everything else just didn't bounce. So I wound up taking a dollar loss on it, but it really did show to me, you know, how sometimes, you know, these names will not hold support, especially if the market goes through an exhaustion cycle. So after that, after, you know, after the trades with Tesla, you know, I pretty much had a nothing burger all day and the loss with square. So I kind of just watched more than anything. But I did get some good data. That's the most important part going into tomorrow's sessions. And one thing you guys will really remember, especially new traders, the day-to-day means nothing, right? It means nothing. The market's open. It means nothing. Whether you're up a little bit, down a little bit of flat, it's the same thing. What you're waiting for and buying time and kind of, you know, absorbing and embracing the data is what happens next. So if you can't get going on a very specific day, just it's okay, right? Just leave it alone and the next day will be something. And the data we got today was pretty, you know, was pretty good information going tomorrow. At least now we have the queues needs to reclaim the five-day moving average. And right down these levels, guys, for the bulls to start building back up, the queues are going to have to reclaim the 368. 368 is also a five-day. The five-day is the shortest-term sentiment. And if the bulls can reclaim the five-day of 368 and start building higher, yeah, we're going to start going back higher. However, there's a flip side of this as well. Today you saw the queues test successfully, the 10-day moving average. You've been watching this video for a while. You kind of know that the 10-day moving average is the birth of the trade. Just the same way the 10-day moving average here was lost. We had a really, really good pivot to the downside. Well, it's the same thing, right? So you have 368 to the upside and you have roughly 364.5 to the downside. In between you're going to get a lot of chops. So be careful out there until one side or another occurs, which is very, very important. And we do have a jobs number or jobs payroll number data that the market likes. Just keep an eye on that 368 to the upside and 364.5 to the downside. And you'll see the same similarities to a lot of names. You saw Tesla today didn't quite get down, which is kind of a little disappointing. I really thought we were going to get down at least to the five-day moving average on the back test, which it didn't get there. But you got to look at Tesla and mirror it exactly like everything else. He came back in and just started grinding, grinding, grinding. It closed within what? It claimed $3, $4 away from the lows. So we're kind of a little bit of a rock and a hard place going into tomorrow's session just because we need these payroll numbers to either reclaim the five-day on the cues or rework, start damaging down the 10-day on the cues to us to get a little bit more clarity what happens next. But there are some names. There's definitely some names to definitely keep an eye out for tomorrow. You had a big potential setup in Microsoft if the market rallies more. And that's a very, very important name because of Microsoft rallies. It's probably going to pull up the cues as well. As you can see here, it's now sitting in a four-day cycle. Tomorrow will be five. That means it's one full week of distribution. If you can see here, Microsoft definitely stood out today. There was an upgrade today, I believe. There's an upgrade today. So if Microsoft could finally start getting above this channel and there's good payroll numbers, who knows? The last time we traded Microsoft out of a channel, this damn thing here was a 10-day, right? The last damn thing really exploded. Let's watch this. Tomorrow will be day five, a full week of distribution. And if Microsoft can get above this channel here, who knows? Maybe we could get a big, big run there as well. Some other names I definitely want to watch. Let me give you guys a couple of names to watch for tomorrow. Let me see what I can give you guys. Like, look at Zoom for the downside, right? So Zoom had its moment in the sun during the COVID, right? Everybody was working from home and Zoom was big, and then all of a sudden Microsoft Teams came and Citrix and this one and that one. I use Zoom. We use Zoom in the webinar. I like Zoom. I think it's very, it's intuitive. It's user-friendly. I think it's a very, very cool platform. It's not even expensive anymore. A year ago, a year and a half ago, I was paying like $250 for $500, right? For $500 attendees. And one day, like a year ago, they dropped down the price. I'm going to ask for it. They dropped down the price to like $105 a month. So look, the business model, the business itself is great, but the stock is not appreciating. The stock hasn't appreciated in a long time. And today, the stock closed below the 50-day moving average. So if it's bad payroll numbers, keep an eye on it. Keep an eye on Zoom. If this thing starts losing, it confirms the 50-day. This thing's going to go lower. Same thing with Lululemon. And again, don't judge me. Lululemon now is my favorite company. I used to make fun of it, but my wife one day bought me slacks. She bought me two pairs of slacks. She'd bought me shirts. And I was like, this is like the most comfortable thing. I have a war. And now I'm starting to accumulate, after I lost my 40 pounds, of course, I'm starting to accumulate a new wardrobe because nothing that I have fits me anymore. But if Lulule, keep an eye on Lulule. If Lulule starts losing today's channel, maybe this thing starts getting hit as well. But a great, great product. A very, very dicking for all you guys who used to make fun of it. And you got your first pair of Lulule shorts, a Lulule shirt or the pants. I'm telling you, it's like wearing sweatpants. It's absolutely phenomenal. So Lulule, I'm watching through the downside. I'm watching Zoom through the downside. I'm watching Microsoft to the upside. We have our ranges in the queues. You know, I kind of like to see what NVIDIA does. I like the fact that NVIDIA today had a really nice bounce. It held support and not only reclaimed the five. It held, it reclaimed the 10 days well. Hey, if the market's good, again, we have plenty of really good names to the upside. If Tesla could wake up, NVIDIA could wake up, Microsoft could wake up. So we have some value. But again, like I say, every single day, make sure that you are prepared on both sides because the one thing you can't control, right? You can control your game plan. You can control stocks confirming. So tomorrow, you know, the payroll numbers will come in. We'll see how the market embraces them or not embrace them. But again, the most important part is we'll be prepared on both sides. And once again, guys, if you are planning to join us again, PS60 theory is pretty cool. We're the only ones on the planet who trade this way. There might be some clones, you know, trying to show how the PS60 theory works. They're kind of in the PS phase of their career. Not exactly the PS60, but hey, God bless to all. I wish everybody the best of luck. If you are looking to join us and you are, you know, you are excited about the virtual summit on Saturday. It's a perfect time to take advantage. Guys, have a great night. God bless. And I'll see a lot of you guys tomorrow. Take care, guys. Over there.