 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 the last update of 2023 of the AccessaTrader.com Nightly Update Show. Hope everybody is doing well. Hope everybody had a great year and having a great year. Tomorrow is officially the last trading day for 2023. As you can possibly imagine, it'll probably kind of reflect like what the action we saw today or for the most part lack of there, pretty much what we saw yesterday. So people are done, right? People are done for the year. If you are tomorrow going and aggressively trying to make your year in the last day of the year, you're at the generate, right? You're at the generate. So happy hunting the last day of 2023. If you are brand new to the channel, you stumbled onto us. Thank you. Thank you very much for finding us. If you find a value and you'll probably get a good amount of value, especially if you're an intraday short-term trader. We do a daily broadcast Monday through Wednesdays, usually Thursday. I take the night off because it's just overwhelming my brain talking all day and trading all day. It's just way, way too much. So I could recharge for Friday and I'll do a weekend update show. The reason I'm doing it today is because Monday we were off and I kind of wanted to wish everyone one of the very first people to wish you a happy and healthy new year. Hope your dreams emotionally, health-wise, relationships financially come true. And hopefully you are taking better steps to becoming a great human being, right? A great trader, a great human being. That's the most important thing and this is what makes the world go round. Kindness, empathy, all that good stuff. So hopefully everyone is on the track and including myself as well. So it's kind of ridiculous to kind of even talk about today's action. You look at the final stats, the NASDAQ basically flat down four points. The one stock I want to talk about is Tesla. So here's the crazy part. So if you were just watching this broadcast since November, right? Since November, every single time Tesla has given us a green light, right? Giving us a break above the 50-day moving average, closed well into the day, gapped up the next day. You figure you'd get a massive two-day run on the stock. And it's happened now to me, what? Four or five different times since September, since November. Big, big move, $5, $6 move. The next day tops out where it goes down. Next day, the following time gives us a $13 move, comes back all the way in the bottom of the range. And the next time around, gives us an $11 move, comes back in the middle of the range. And this was the latest, right? This was the latest version of Tesla disappointing. So if you guys remember about two weeks ago, I believe it was Bernstein, right? I even made a joke about it, the Bernstein Bears. If you guys are old enough to remember what the Bernstein Bears were, they were a cartoonish book with a bear family, you know, the trials and tribulations of a family via a bear's view. So Bernstein, right, the Bernstein Bears, or I affectionately talked about them as a bagel store from New Jersey, they put out a negative note for 2024 valuation of Tesla. And they basically see, they see the shares can decline up to 40%. And as soon as that happens, and as soon as they held that bottom range, this is the Bernstein, this is the Bernstein downgrade here. The stock just started ripping up, because anytime, and you know, and you see this, this is why short-selling advocates stopped basically telling everybody what their position was, because they've always gotten squeezed. This is why a player like Citron Research has stopped talking about their shorts positions, they kept on getting run over. So we had this massive squeeze on Tesla for the next two weeks or so, had an engulfing candle, they held the engulfing candle, this is why it's going to be a little bit important why the 10-day kind of held today, going into tomorrow's session, and we started rallying again. So Tesla yesterday, Tesla yesterday, this was the pivot on Tesla, right? 258, 222 and 260 big areas, you know, on deck, and it needs to build off that 258, 258, 260 area, and we should see 265, 270, right? That was the measured initial potential. We got long yesterday on Tesla overnight, the stock spiked up, right? And here's my pre-market notes, hey, guys, get down to a runner, 264, 265. I actually, excuse me, this was the last night, get down to a runner, if it gets to 265, hopefully close as well, and we get that 270 push. So this morning, the stock gap that we can see is 9 o'clock this morning. This morning, it gapped up, I got down to 10% size, okay, because I'm getting everybody else kind of closing down a week, closing down the year, so it was a nice move. It was a nice $4.5 move, it traded up $5 for us, perfect move into daily supply, pre-market. Let's see if we can get a build over 265 to 270s. That didn't happen, right? Even though I got down to 10% position, I was like, all right, let's see what happens here, we should get a push here. It didn't push, right? Not only did it didn't push, it did exactly the same thing. It was pretty much done since November, right? It broke out, was about to give you that second day run, and completely fell apart. And not only did it fall apart, and obviously it stopped me out at break even on the 260 retest, but the stock got absolutely killed into the close and closed right at the 10-day moving average. And the reason why this is kind of a big deal, if you've been watching this broadcast over the last several years, you still know what I think the importance of the 10-day moving average is for me. That is called for me the birth of the trade, and that's what we call it in the PS-16 theory. So if you guys notice the last time there was an engulfing candle into the 10-day, that's the green line here, right? What happened the next day? The next day the bulls held serve, right? They held serve and started rallying again. The question going in for tomorrow, and I think this is a very valid question is, well, can the bulls kind of hold on to that 10-day moving average? And that's kind of a big deal going into tomorrow's session because if they can't hold on to the 10-day moving average and this thing confirms, we can get a trade. You know, we can get a downside trade all the way back down to the 20-day support of roughly this 246, 247 level. For me, again, I love Tesla, but I don't love Tesla as a company. I love Tesla as a stock, right? I traded long, I traded short. That's the difference to me. And the most honest thing that we did see today is it wasn't even the fact that the stock didn't follow through and that was definitely, definitely disappointing, but once you lock in 90% of your trade, does it really, really matter what happens to your runner? And that's the whole emphasis of, guys, always take money on the way up, always take money on the way down. There's no such things as guarantees. There's no such things as slam dunk trades. There's no such thing as easy trades. I knew it. If you knew there's a slam dunk trade, but we don't, right? We don't. And that's the whole point of the market. The market always keeps us on our toes and always give us, again, for your efforts, your research, your discipline, your entry, your execution, your trade management, the company, always pay yourself on the way up, pay yourself on the way down, and use break even as you stop, rinse, repeat, rinse, repeat, rinse, repeat. So going into tomorrow, what I've noticed today, and I think a lot of you guys noticed that today, especially in the webinar, we saw a ton, a ton, a ton of selling coming to the stock, and not just by one, not just by one way, one interval. We saw it the whole day, just a continuous, it felt like a forced liquidation. I know I don't want, I shouldn't use that word because it kind of, it kind of has a really more aggressive tone to what it is, but I don't know how else to kind of describe it. Somebody wanted it out of the stock. And again, it's pure speculation what it is, whether it's Elon or Cathie Wood or, you know, who the hell knows, right? It's all speculation who it was. The point is, it felt that way. And if you look at the 60-minute view of Tesla, you could see it, right? So here is the 55 that got rejected at pre-market and just straight selling. Guys, there wasn't a green candle, right? There wasn't a green candle for the whole day. You know, hard for a stock to go down without an attempt at rallies for the whole day. So that's why I'm kind of looking at Tesla tomorrow tomorrow on the 10-day. This is pretty much one of the two names that I'm pretty much watching for tomorrow. I really don't need to trade tomorrow. You know, I'll see what happens with Tesla the last day of the year, but I'm watching Tesla. If this thing starts losing the 10-day moving average, you know, we could get a trade here. As you can see here, the whole point of the PS60 theory is taking stock from support to support from, I'm sorry, supply to supply and demand to demand. And if you look at the next demand zone, that's roughly this 47-48 area. So let's watch this thing, right? Let's watch this thing. The question is, are the bulls going to defend the 10-day like they did back on December the 21st, or is tomorrow going to finally confirm the 10-day moving average and drive it all the way back down to 47-48? Again, we will be ready on both sides of the market. Other than that, other than that, the only things I'm really interested in tomorrow, Nvidia, you know, continues to get a lot of call buying this thing. I try to trade today through the opening range high. It went up like 70 cents, and you know, only quarter size. There's a big level coming up here. We'll see if it plays out that way. You know, I lost a couple of bucks on the quarter size. Well, nothing here, nothing there, but they're still coming for the 500 weeklies. So 500, they're coming for the January 520s. You know, I still want to watch the video for tomorrow, just in case, you know, it's finally day. I feel like I'm saying it's finally day. Every day it keeps on going up a dollar, dollar, dollar, dollar, but it really is kind of weird that they just don't dry the stock higher considering how strong a name like AMD is, right? It's really, really powerful to see what AMD is doing versus some of the other semis. Another name that's actually holding up fairly well is Microsoft. It's starting to get super, super tight. Who knows? You know, we're just trying to get ideas for potential participation in the last day of the year. Other than that, again, if I don't trade tomorrow, it's not a big deal one way or another. I don't have to trade. I don't need to trade. The point is you want to trade when you have a lot of good value. And I mean, I'll watch Microsoft. I'll watch the video if they finally start taking out that macro channel. And I'm definitely watching Tesla to see if it loses, right? If it loses the 10-day moving average. Again, just as a reminder, before we kind of end this broadcast, you have a couple of days left, guys. If you are planning to join us for the live webinar for 2024, take the opportunity next couple of days to sign up for a discounted 30-day kind of kick the tires. See what the webinar is all about. See what the pivots are all about. Again, it has nothing to do with me. Think of me as Phil Jackson. You're Michael Jordan. Michael didn't need Phil to win those championships. Michael just needed somebody in his ear to tell him what they see from their point of view, from their experience levels, in case Michael did not. And that's kind of the whole point is technical analysis is technical analysis. And the most amazing part of what we see is so many people now are trading on their own. And that's the whole point. Be a self-sufficient trader. This is not an alert service. I couldn't care less if you take these trades or not. If you're serious about developing as a trader, developing your skill set through technical analysis. Again, all you need to do is kick the tires for 30 days. Is it for you? Is it not for you? It's for some people. It's not for others just because the different account sizes, different types of experience levels. And the point is if you are interested, we are running this for the next couple of days. Take advantage. And I look forward to seeing you guys in 2024 and seeing you guys blossom. Guys, God bless. Have an amazing, amazing, happy new year. And we will see you in 2024. God bless everybody. Take care.