 I like NVIDIA or NVIDIA, whatever you want to call it. I like it as well, putting in a nice bear flag, holding on to the five-day moving average. This thing starts confirming it goes lower as well. So definitely the value is to the downside. 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, Tuesday edition of The Access to Trader.com. Nightly wrap-up show if everybody is doing well. So again, market continues to slide. Again, the big numbers, which we talked about several days ago, there were double rejection off the 20-day moving average, kind of what we saw here, which led to this really aggressive move for about a week and a half, and that's kind of what we're seeing now. It hasn't gotten aggressive yet, but again, it doesn't need to. That's the whole point. They could literally have one candle down, test the bottom of the range here, or they could just prolong the selling and just kind of walk it down day by day, day by day. But you could see what happened. We talked about yesterday, first day close below the five-day moving average. Today's bulls confirmed that five-day moving average, and now again, we're just starting this decline. This decline, and now, again, like we talked about in last night's video, if you believe that stocks strayed from demand to demand, you can see this 350 level is the measure potential for the bulls to have kind of another test of last week's woes. And again, the coolest part and what I'm seeing though, in this tape, the consistency of how many strong stocks there still are in this crazy, crazy tape, like UPST, Absolute Monster, right? Absolute Monster is a big, big pivot on this thing. Today, letter U continues to be very strong. Tesla broke out today on a pretty heavy volume with a lot of option flow. We'll talk about that in a second, but for every one of those diamond in the roughs that look pretty good, and NET also. NET continues to be just an absolute beast. The whole cloud space, look at CRM continues to be good. So there's definitely pockets of strength still out there. And again, if you do your homework and you kind of figure out where the strength is, but instead of trying to pick out two, three, four names in a cloud, in a field of manure, there's a lot of good value on the downside and whether they confirm today or about to confirm in the next several days, the value continues to be to the downside. I do like Tesla for tomorrow. Again, I think this is the highest close in this whole formation, and they were coming once again with very, very aggressive near term out of the money call buyers. You saw 830 weeklies, we saw 850 weeklies, we saw the 1029 expiration, 880s, 890s. So there's definitely big institutional money flow on Tesla and if they could just start confirming today's channel tomorrow or even the next couple of days, you should start seeing the next leg up. Obviously the market would have to participate a little bit more, the bulls would have to kind of step up and kind of try to reclaim back the five day moving average, but definitely Tesla. Tesla is definitely one of the ones that are standing out here. But again, for all the names that are strong comes the names that are weak and mirroring the NASDAQ 100 and look at Apple. Not only did Apple close below the five day moving average after the close, they came out and they said, listen, we're gonna slash iPhone production due to the chip crunch, and the Apple suppliers are gonna get hit, right? The Broadcoms of the world, SWKS of the world, it's gonna obviously affect them. And after the close, it's not like the market's getting slaughtered, but after the close we're still getting more aggressive selling that kind of played out into the close. And now you're going to get a lot of setups, for example, on semiconductors, right? Nvidia bit the bullet for the last couple of days is trying to hold on to the five day moving average. All it takes is one more day, right? One more day for this thing to confirm, and it's gonna start joining the selling celebration that we've seen in a lot of names. Look at names, for example, Facebook. Facebook just cannot get out of its own way, right? Just cannot get out of its own way. Names like Microsoft, for example, right? It had really, really big moves, and today it closed below the 50 day moving average. It gave up all the strength it had in the last three, four days. It's still above the five, but again, use your imagination. If it starts confirming the five day moving average, what can happen? And even a perfect scenario today, just to give you an idea when buyers become tired, look at a name like Netflix, right? You had back to back days of upgrades, right? It got upgraded yesterday, it got sold. It got upgraded again today. And yesterday, again, you can see how it closed below the five day moving average yesterday. Today it confirmed the five day moving average, and here's my whole point, how stocks don't need to get destroyed, but this is how stocks trade from supply to supply and demand, right? Here's the demand on the five day, and it hit the 10 day. Now again, for all you guys who've been watching this video for a while, you know the 10 day is the birth of the trade. So if Netflix loses the 10 day tomorrow, then you have a lot of room down. You have literally about 15 to 20 points down for the next demand zone, but that's the whole point. Stock gets upgraded two days in a row, and two days in a row they sell it, they close below technical damage points, they confirm the next day, and now we're set off tomorrow for a potential another move down. So in theory, in common sense, and I say this to new traders, a lot of times, technical analysis is great and all these indicators are fine, whatever helps you, but sometimes common sense is the way to go. If a stock had this big, big run, got upgraded two days in a row, got sold two days in a row, well, what do you think is gonna happen if the market continues to sell, right? There's just no, eventually buyers get tired like everything else. Again, nobody's saying these things that go back to 580, but the point is the theme is sell, sell, sell, technical damage gets confirmed the next day. Even the chip names that we talked about yesterday, right, microchip, we talked about yesterday. Look at microchip, got absolutely hit that. This is a big, big move. Two-day move on microchip from this 145 level all the way down to 139 and change. That's a big move. It's not Tesla that's gonna expand $17, $18 every single day. These stocks within their average true range are still gonna get hit. And when they do get hit, again, you can take advantage of those areas. Even clack, we talked about clack yesterday, right? We talked about clack holding onto this area two days in a row. This thing got hit as well. Five and a half points for clack is kind of a big deal. So, you know, the market is definitely paying and rewarding those who are number one, you know, trading on the sell side, right? Definitely investors who saw this coming really appreciate technical analysis and use that information to kind of either hedge their portfolio, what we talked about over the weekend or kind of just get out of the way. But that for the foreseeable future is going to be the play. We all know that the market traditionally has been bought on the dips and all that good stuff. But when there are pockets of downside value, this is where investors, if you don't know what's going on or just can't read a chart, you're going to be caught, unfortunately, with your pants below your ankles. Unfortunately, that is going to be your reality. So again, going into tomorrow's session, there's definitely names I kind of like, right? Letter U has been pretty strong. I like this BROS. BROS had this really big move a couple of days ago and kind of just rested today on lighter volume. Watch the top of this channel for tomorrow. This thing can wake up, put in a really good inside day. If it could wake up, who knows? Maybe you could get a really good run for tomorrow, but there's still tons of value to the downside. Look at this T-Rex, T-R-E-X got absolutely murdered today, right? And look where it is, folks. Look at the lows here from August the 3rd. If this August the 3rd low gets confirmed, there's another leg down on this thing. Look at a name, for example, Robin Hood, right? They're having all these issues with order flow and blah, blah, blah. But look how close Robin Hood is to start its next leg down really, really close. I like Robin Hood as well. I like NVIDIA or NVIDIA, whatever you want to call it. I like it as well, putting in a nice bear flag, holding on to the five-day moving average. This thing starts confirming it goes lower as well. So definitely the value is to the downside. I like Tesla as well. Maybe there's a sneaky channel that we can take advantage of tomorrow. But again, I think based on order flow and the way Tesla trades, who knows? Maybe it could get very, very aggressive for its second day run after the highest close in its whole daily formation. Guys, have a great day, everybody. Hope everybody's staying safe. Hope everybody's staying smart. But most important, hope everybody is staying in business. Guys, have a great night. I'll see you all tomorrow.