 The market doesn't love you. It will seduce you, okay? It will make you feel good for a few minutes. It will rub your belly and tell you everything is okay. But at the end of the day, when the market is angry, it's going to spit you out, chew you out, and throw you away with this garbage. 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. And welcome to another edition of the Access a Trader.com Nightly Wrap-Up Show. Hope everybody is doing well. Usually I take Thursday nights off to kind of recharge the brain. I took yesterday off. There was no video yesterday. I had this crazy migraine yesterday, crazy action all over the place. Everything's flying around, incredible value, and just kind of wore me out. So I took yesterday off and today, you know, I'm kind of back on my back in the saddle. And, you know, today should have been a discussion about, you know, Tesla earnings, Apple earnings, the Facebook quarter, right? The continuous, really good action in a bull market. You know, the Dow was up 300 points today. The Nasdaq was up 90 points or so, right? Excellent. Everything is great. Investors are happy. The brokers are happy. Everybody's happy. The problem is, it's not that, right? And, you know, without, I'm sure everybody knows by now, you know, what is going on years ago, just kind of quickly, quickly break this down. Years ago, I did several interviews, right? I did one with the Luchi group. I did a couple, right? And for years and years and years, I've constantly got emails, would you like to come on that bliss platform and that platform? And I've always respectfully kind of declined because I've always maintained the fact that talking about trading and talking about, you know, the industry itself doesn't interest me. Okay. When you go through what I went through, especially for the two years back in 2001 and 2003, that I didn't make any money. I had these, all these really psychological walls and, you know, and all I did was, you know, think about suicide. It was a very dark period of my life. The whole business, it made me dark. It made my whole soul. And you can hear about it even the way I'm talking about it now. I had a really disgraceful opinion about this whole industry, just the way it made me feel. And a lot of people, you know, for years and years and years, when they especially get into this industry, they're all happy and they're all aggressive and they're all optimism. I love trading. Is it Monday yet? And all that stuff happens until you finally start seeing the ugliness and the dark side of this industry. And it really does start to affect you. And, you know, without going into every major detail, you could literally go on 30,000 different blogs tonight and everybody will give you their opinion. But you saw and you see exactly the disgusting aspect of what Wall Street really is. Okay. And, you know, everybody rode the wave of this whole GameStop and all these other companies that kind of ran with it, the KOSS's of the world and AMC's and the key is and everything kind of in between. And that was great, right? And we talked about this a couple of videos ago. And I said, this is fantastic because the little guy finally got the piece of the pie, right? They finally got a seat at the table. They carved up a piece of the pie and they actually took a taste. And everything was great and all until Wall Street realized, well, wait a minute, this is all great, but now it's coming on our dime. And what really shows you, and it really is disgusting to kind of think about and talk about, is Wall Street's basically telling you, you're allowed to succeed, right? In any aspect of this business, you are allowed to be as great as possible, as long as you don't disrupt the establishment, okay? As long as you don't make us uncomfortable, as long as the game is still in our favor, go out and make millions of dollars. Go out and make $50, $100, $100 million, whatever the case may be, as long as you know your place, as long as you realize you're still at the kids' table. And if the grown-ups get upset, there's going to be ramifications, you're going to be straight sent to your room. And what we saw today was incredibly despicable. I mean, absolutely despicable. And it really does show you how the whiny crybabies and the billionaires and the Uber, you know, hundreds of millions of dollars of net worth individuals, they got disrupted. They got their pie eaten, and now they want to revenge. And what you saw today was just a cowardly act of all these online brokers, and I forgot how many of them were, the Robin Hoods of the world and the interactive brokers of the world, basically telling you is, look, you can't buy these stocks anymore. You can't do it, right? Without telling you, without saying specific things, look, you're disrupting things, right? You made your money. We got it. You're allowed to make your money. But now this is a big picture. People are not happy. People are sitting in the shadows, are not going to have it. Know your place, right? Understand your place. Go back into the corner where you belong. And when you started seeing the establishment rise up today, it really did show you the darkest part of Wall Street, and it's despicable, and it's terrible. And it really does show you who's in charge or who at least they believe is in charge. Because again, when you go back to the mortgage mess, okay, and banks were bailed out, where was the little guy that got bailed out? Where was the little guy that sold everything in the March lows? Where was the little guy that lost their business because they couldn't reopen, right, during the whole COVID mess? Where is all this, right? But as soon as you start to get your head above water and finally get a little piece of that pie, they tell you go away. And this is a disturbing aspect. And unfortunately, what I've learned years and years and years ago, unfortunately, so many traders and so many new investors, they realize today. And so what I've been saying for years and years and years that I have discussed vomit pouring out of my mouth when people ask me to talk about trading and talk about investing and all that stuff in off hours, I always say, there's nothing about interesting, there's nothing interesting or exciting, at least for me, about investing and trading and everything takes part. Because again, at the end of the day, the market doesn't love you. It will seduce you. Okay, it will make you feel good for a few minutes, it will rub your belly and tell you everything is okay. But at the end of the day, when the market is angry, it's going to spit you out, chew you out and throw you away with yesterday's garbage. And the moral of the story is, folks, I know a lot of people are disgusted tonight of what happened, right? You see all these different interviews with the CEO of interactive brokers and one of the anchor people on CNBC asked them, I go, you know, by halting trading in these securities that you can't buy these stocks anymore, because basically people are shortened, they're trying to curb their losses, you can only liquidate, only liquidate long positions. And she asked the chairman of interactive brokers, are you protecting yourself? Are you protecting the investor? And you can Google it, I mean, go on YouTube, I'm sure 30,000 people posted this. His first reaction was, yes, we're protecting ourselves. Oh, yeah, I mean, we mean the customer, we're protecting the customer, we're protecting the market. You said it, you're protecting yourself. And unfortunately, that is the disgusting part of this business. So the idea that everything's an equal playing field, don't get it twisted. The market doesn't love you. You shouldn't love the market back. Treat this market what it is, it's a job. Like anything else, milk the cow, no emotions, and get the hell out of dodge. Because at the end of the day, the whiny babies, they've been years and years and years and making money off these all analyst calls and all these different scenarios that take advantage of the retail public. As soon as the retail public got into the game, right, just got into the game for that one split second, Wall Street took their ball, and then they went home. So unfortunately, it's a very, very dark day for Wall Street, for the trading community, I think as a whole. And there's nothing that these brokers can do right now to safe face. You know, I know some of them after the close came out and said, well, you know, we're going to open up trading to some of the, you know, we're going to remove limitations on some of these stocks, you know, some of these stocks going, you know, if it's tomorrow limited, but you know, we're going to, we're going to do up. It's all, it's all ruined. And again, guys, always look out for yourself. It's a business. You shouldn't have any high regards. Don't put it on a pedestal. It doesn't love you. Don't love it back. Again, be a professional, take the market for what it's worth, pillage it as much as possible. But then at the game, just know that it's you versus the market and the market is not going to help you in any way. So at the end of the day, the only job of the market is to detach you from your money and tell you it was a perfect example. Other than that, you know, today was more of a muted session compared to yesterday. Yesterday was a free for all ridiculous amounts of pivots. What I liked about today's session though, it was very methodical. Again, it was very methodical, very orderly. The pivots didn't come 100 miles an hour. You had one pivot here, another pivot came an hour from now, and you were able to really pick and choose their spots. Some of the Bitcoin names really woke up BTBT of the world as the mirrors of the world. You had a lot of names, especially the silver names woke up, which was a crazy group to even think about waking up, but they did. Okay, they and what we saw today was a lot of uncertainty. Beta is still hot garbage. We're waiting for that white knight to come on horseback just to save us. Again, I'm a beta trader and I've been trading predominantly non-beta now for weeks, for absolute weeks. And if you can squeeze out one beta trade every other day or so, you're like a pig in slop, but we're waiting. So next week we have Amazon, we have Google, we have so many of these beta names, something has to give here. Somebody has to save the big cap names because right now the game is just all these alternative names that are coming out with good volume. And if you do not adapt to what you're seeing in the trading aspect right now, you're going to be sitting there playing with your thumbs and watching a really, really aggressive market play out. Until then, you either sit on the sidelines and complain that beta is not awake and it's not really trading like it was two, three months ago, or you can kind of adapt to what you're seeing right now and try to take advantage of the tape. So let's talk about the overall tape. Again, nothing really to speak about. We have this big drawdown move yesterday. They held rise in support. We know with the short-term line in the sand this area right here, this 317 level on the queues. Well, that's kind of intermediate line in the sand, 317. And then it starts going down to this 310 level. So until we start closing below this 317, you have to give the bulls the benefit of the doubt. That's kind of what this long-term chart has been showing you. If you look at the S&P, we're going to just use the spies as a proxy. That's a little bit of a different story. You know, yesterday we went through, we had a little bit of technical damage. They tried to get above. They gapped up the market into the five-day moving average and it got denied. And this is the second close in a row below this trend line. So if you could, if you really have a bias going into tomorrow's session, you have to kind of be a little bit on the risk-adverse side if you are trading the S&P exposure capital names, right? You have to kind of be on the lookout. You know, Tesla got rejected. It looked like it was about to rally today off of Lowe's and it got rejected. Apple looked like it was about to go green in a day. It got rejected. Facebook, for example, had a really big run. And we'll talk about the individual pit that's in a second, had a really big run off the open, but it got rejected. So the market right now is at least giving you clues of what happens next. And especially in the SPY, the fact that we closed two days in a row below this rising trend line is not good. It's just really, really not good. A lot of you guys are not going to feel it. And what we saw yesterday, nobody felt the market down 600 points. Nobody, because it was so much aggressive action. But if you start seeing a buyer strike and what we try to do every single day is not to give out the panic signals, we're just trying to warn you of what potentially happens if channels start to confirm. So right now, the fact that we closed two days in a row below this rising wedge here, it's not good until we start confirming this 372 level. You know, you have to be cautious, maybe take some exposure off your books. This is a great trading environment, continues to be a great trading environment, despite certain days at the market, I guess it was down 650 points. The Nasdaq was down on those 300 points. And it was phenomenal actually on the upside. So you have to be very cautious. And again, the sky's not falling. Nobody's running around like a chicken head talking about arm again, arm again, we're going to zero, but you have to be conscious of what potentially could happen next. So let's talk about some pivots for today. Some good spotted action. You know, good spotted action. I traded a bunch of things today. But VLDR, I really like never confirmed Ruby. This was a little too thin for me. Broke out today had a big initial move. 1480-15 needs to build. Here was Ruby, right? Here's the initial move on Ruby took out that 1480-15 went to 16 before pretty aggressive reversal, especially with a lot of names. CLDR I caught pretty nicely. 1650 got rejected twice. It needs to build. Here was CLDR, right? So here was a CLDR. Here was a 1650 rejected once, rejected twice. Nice move to, not a huge, but nice move into the 1620s. I still like it. If the next couple of days it starts reclaiming today's highs. Yeah, no trade on ARKO. Frog, I still like the 71 level. Facebook. Here was Facebook, 276.75. 277 needs to build. There's a little bit of supply, 277.5. So be aware. If they could reclaim 277.50, 278, then it has room to 283. Sweet move on Facebook. So here was Facebook today. And this is kind of all the action we were talking about. Here was the 276 level. It got above the 278 level and went all the way up to 287 before really pretty aggressive reversal. So if all you guys have caught that move, great job there. NVIDIA, not a huge move, but experienced trader. There's a channel there, 524 for a potential move, 529, 530. Here was NVIDIA, right? So here was the 524 and it went right to 530. So really nice move on the video there as well. Apple, again, this was a big spot and this is exactly where it got rejected. 142.30s, 142.50s. We have to watch that level kind of going forward. 283 on deck on Facebook, CLDR, take on the way up, FUBU, nothing. Guys, keep an eye on plug for the next couple of sessions. It's held now four times. It's held four times, 63 level. If it starts building that level, the stock will get hit. They're defending that 63 line. Once they lose it and it starts to build below 63, it should get hit. Keep an eye on this for the future. BTBT was beautiful. 1850 needs to build. Here was 1850 needs to build. We've been speaking about BTBT for a while now. I caught this trade pretty nicely. It stopped at supply after the close. It's trading near the highs around 2050s, 2080s. I still like it tomorrow. This thing starts confirming, especially at the top of the channel. Keep this in mind. This has been $40 February call buys. We talked about this the last couple of days. Somebody's betting this thing's about a 40 in the next couple of weeks. Definitely keep an eye on this action. Nice move today as well. Like I said, that was a nice move there. 1980s first supply. That's exactly where it got. Here's the $40 call buyers. That's it. Interesting times. Unfortunately, we really did see the really ugly side of Wall Street. Unfortunately, for all you guys who are new to trading, it's better to see it now and take all these Wall Street schmucks off your pedal still. Again, if you don't give them any regard and take them from what phase value, you'll never be disappointed in them again. Guys, God bless. I love you all. I'll see you tomorrow.