 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 wrap up show. Hope everybody is doing well. So crazy day, right? I think it's the best way to describe it and just really, really just a crazy exaggerated day today. This is kind of like a telltale of two different markets right now. You have people who don't care. Okay. Don't care what the indexes do. And again, they're kind of right because again, I've been saying this for years, indexes mattered 15, 20 years ago. Okay. The idea that the market could be down 300 points and there's absolutely no fear. We'll get to that in a second, is valid, right? On most days, it's valid. But again, we've been talking about something for the last, especially a couple of weeks. That's very, very important. And it actually kind of played out today. Now, again, we've been talking about how I think a lot of the new traders are very, very comfortable, right? They don't care. They'll chase anything in sight. SPCE, Tesla today's stamp today, SDGRO actually over the last couple of days. So the idea that the market is up down 300 points, 250, it's irrelevant. It's the fear of missing out that's being heightened because there is no fear. Because again, these ranges are so, so exaggerated, right? And you could tell when the stock is up and it just keeps on going higher, higher, higher. It's not the question of, oh my God, what's my risk if this thing kind of turns around? The question a lot of people are talking about these days is, well, can this thing get to 50? Well, the stock's at 13. Well, can you get this thing to 70? But the stock's at 20. So the expectations are very, very lofty. And now we've been talking about kind of covering this in nausea that every single day, I wake up and I go, my God, the queues are 20%, 25% now, whatever the hell it is, above the 200-day moving average. That's, that's insane. Okay, that's absolutely insane. So every single day, I'm always on the lookout, okay, everything. I'm always on the lookout of that potential evidence that, you know what, bits can go away and the, you know, the ice was going to crack underneath somebody's foot. That's obvious, okay. And today was a perfect example of what happens when you're arrogance and believing that you can buy anything on, buy the dip. And again, it's another subject we've been talking about for a long, long time that, again, buy the dip only works on a light volume retest on a rising 60-minute support. Nobody actually buys the dip, okay. Retail doesn't buy the dip when you're seeing a $30, $40, $50 candle within three, four minutes. We'll get to that in a second. But that's exactly what happened today. And you saw a lot of traders, especially new traders, talking about, no, every single dip should be bought. This is the easiest thing possible. First of all, there's nothing easy about trading. I don't care how smart you think you are, how many years you put in. There's always a curveball that will humble you to the point of tilt, okay. Not to the point of just giving you a little bit of hickey or giving you a little bit of wealth. It'll put you on tilt. And today was a perfect, perfect example of two things. How incredibly strong the market actually is. And let me show you that in a second. And what happens if you believe that any scenario that you can actually buy a dip with the index, right, 20% above the two-in-a-day moving average, and you feel there's absolutely no consequences to that. And you'll notice what happened here kind of in the middle of the day, right. You kind of notice actually what happened mid-morning. And if you look at all these charts, Tesla, Amazon, Roku, Beyond, Shop, Netflix, and you could go down the list, you know, you could go down the list one by one. If you look at the 60-minute views, one by one here, okay. One by one on the 60-minute views, Facebook and Apple, right, not this, but this candle here, and Shop and so forth and so on. These things are all a tribe. These are the only, you know, this is a group of about 10, 12, 15 stocks. They're all a tribe. When one goes, they all go. NVIDIA, you can go through the whole list, right. NVIDIA, all of them, right. They're all a tribe. And when one goes, they all go. And today was a perfect example of what happens when, while stocks don't go up, gravity becomes real. And if you are, quote-unquote, airing enough to think that any dip can be bought, especially again, when 20%, we are at 20% levitating above, you know, above the safety net. Today was a perfect example how, again, you can go from being very, very happy to being un-tilted in a matter of minutes and look what happened. Here's a perfect example what happened. Look at the cues, right. Once the cues, I mean, this is a major, major pull, okay. Incredible major pull. Mid-morning here. We started talking about this in the live webinar. I said, nothing's going up. Like, nothing is going up. You could see it. Nothing was going up this morning. Netflix popped up a little bit, came back in. Facebook popped up a little bit, came back in. I started noticing that Tesla couldn't rally, okay. Tesla couldn't rally. Roku couldn't rally. Amazon couldn't rally. I know that for a fact because we got stopped out of our swing. We had pretty much break even. So I saw that part, right. I saw that part. And next thing I knew, you know, next thing I knew, they all started confirming one by one. And what happened next was pretty extraordinary, like really, really pretty extraordinary. And, you know, I saw people talking on social media. Well, how can I, how can anybody possibly predict? Nobody was predicting it, but we were warned, right. Nobody was predicting it, but we were warned. You know, if you listen to every single video I've been doing for, especially the last couple of weeks, the word cautiously optimistic is there because I always have one eye knowing that gravity is real. And again, if you are not careful, you are going to get absolutely hammered. Here's the good news, right. Here's the good news. Here's the good news and the bad news. The good news is after this major hammering, right, if you look at the Nasdaq 100, if you look at the major, major hammering, and this was like 40, 50 points, for example, on shop, 40 points on Tesla, this is insane. But after this happened, the power of the bull market, and please, if you're telling me you're buying the dip on retail on a $40 push, okay. So not only did the Q's remount, right, the 10-day moving average, they remounted the 5-day moving average. So that is incredibly bullish, very, very bullish. The problem is, right, every single stock right now that's a member of the Nasdaq 100, and you'll kind of see this on the 60-minute channels, everything is in the middle of the range, right. Amazon, Roku, Beyond, Shop, Netflix, even Tesla, right, even Tesla, but everything's in the middle of the channel. So the unfortunate, the good news is the Nasdaq reclaimed, remounted, and went higher. That's very, very bullish. It might not translate into tomorrow's action only because every single stock's in the middle of the range. And now if you believe in the theory that stocks trade from supply to supply and demand to demand, you could see how many trees are standing in the forest. You could see how much supply is literally standing there in every single stock. So the idea that the market will just completely erase what would happen today and just completely go through all the supply, anything's possible in this market. I really believe that. But again, the probability of that happening, unless we get this major gap of tomorrow, you know, 200, 300 points, it probably won't, which is kind of leading us to the reality tomorrow that beta, and again, it's important to kind of understand what happens before it happens. So we might be in a very, very tight channel tomorrow on beta because you could see it, right? They're not breaking down. They're not breaking up. They're just right in the middle of their channels. So tomorrow you're probably going to see the chop factor, right? The distribution, whatever you want to call it, tomorrow you'll see the day most likely that the bulls and bears are going to be trapped in a phone booth and they're trying to hit each other with a pillow fight, right? No damage can be done. But if you don't recognize what potentially could happen tomorrow, at least in these names, right? At least in these names, you're going to chop yourself up. I promise you, I give you my word. I can see it happening before it happens. So tomorrow there's, you know, you have to look at, in my opinion, if you trade beta, tomorrow you have to look at alternative ways to kind of put stakes in the freezer. Remount plays, stocks that have nothing to do with beta, maybe some option flow, aggressive option flow. But you have to get creative. Tomorrow will not be the day, in my opinion, unless these stocks completely roll over and start confirming the downward channels, which is very possible, very unlikely, but very, very possible considering how much they really are off their bottom. Tomorrow will probably be, quote, unquote, a day to kind of put the beta names to the side. Again, anything's possible, anything can happen, different, but I think when most likely our attention should be somewhere else unless one of these things bust through the channel to the upside or confirm to the downside, but most likely, again, we know what we're possibly going to be faced with tomorrow. So again, instead of sitting there trying to pick up a range to fight with a Roku and Netflix and Tesla, maybe Tesla's a different conversation, at least, at least, let's acknowledge what we're up against and kind of move away from that just for one day, maybe mid-morning tomorrow we'll get a little more clarity on the Amazons, on the Roku, on the Netflix of the Worlds, but again, going into it, I kind of want to take my attention away from them, at least from mid-morning, and kind of look at other things. So if you look at today's activity, incredibly aggressive, right? Incredible, they all were aggressive except for this one. This is the only one that didn't work. I bought this ADPT, and it was my fault that I bought it. I bought this ADPT. I didn't realize how thin it was. I just didn't realize how thin it was. I wound up losing about 50 cents on the trade. Again, it's at the end of the world, not at all, but again, I should have been a little bit better to kind of view the liquidity. I really like the chart, but sometimes, again, as I say all the time, not every single trade is for everybody, but forget about that. Let's forget about that. Okay, I took a little loss in there. Forget about that. Let's talk about the demolishment of this market, right? The disaster, the black swan effect that happened. And this was honestly one of the more impressive flushes that I've seen in a very, very long time, and it went one by one by one. So I got short Roku again, 125, 124, ADPT, big support if it builds below it could flush. Now again, nobody in their right mind was thinking, we're going to get 5, 7, 40 points on moves. Nobody in their right mind. Again, when you're taking a pivot, any pivot, you're saying to yourself, well, what's measured potential? And if it gets there, that's great. And if not, I have a break even stop, blah, blah, blah. What happened today was I think pretty much every single one of these beta names, they went through support like a knife through butter, like it wasn't even there, it was incredibly impressive. And let's just go through them one by one by one Roku, right? So we talked about, here's the whole range here, 125, right? 125. And it just, it got destroyed. I mean, this is one candle, it went from 125 all the way down to 121. Again, doesn't sound like a lot. It's $100 stock losing four points in one interval. One interval, that's pretty damn impressive. So very, very impressive move on Roku. Nice move there, nice move there. On Netflix, we talked about 383 is the five day support. If it builds below, it could flush. I thought it was going to get down to 81. I was saying in the live webinar, if it confirms that 81, maybe, I mean, there's a punch of shot 100 million, it gets down to 76. Destroy it. I mean, absolutely destroyed. So here was the 83, right? Here was the 83. Here was the 81. It went through it like it wasn't even there, right? It went 83, 81, and it went down to right to 76.68. Amazing. Absolutely amazing move. Again, congratulations. You guys caught that. Here, here's the Daptek. I lost some money in the Daptek. Coop, nice move. Nice move at the open. It was way too thin for me. I didn't trade this thing. It was trading like 100 sharelots, 50 cents spreads. Just something like this is just not for me. But if you did take a good job, here was Coop. Here is the 175, right? Here's the 175. It went to 178. Nice move. I mean, really, really nice move on Coop. ISRG looks great. Actually, I still like it for tomorrow. It looks really, really good. SPCE basically made Tesla today look like Siri satellite radio. The volatility and the aggression on this stock is off the chains. Absolutely off the chains. I didn't trade this thing into strength. I actually caught this thing on a bounce. But just to give you an idea of how crazy it was. So I bought the washout, that 4070s washout. And it went to like 4150s, right? 4150s. I made some sales along the way up and then I used break even as my stop, right? So I'm talking about in seconds. It goes from 4170s back to 4070s, right? It stops me out of my balance, goes down a dollar. Just to give you an idea. Goes down a dollar, rallies a dollar and a half, right? Rallies a dollar and a half comes back to the original bounce area. Goes down another dollar, rallies $3, right? You saw calls coming in, 44, 45, 46. And then the damn thing sells off $4, the next candle. And then the damn thing rallies back. Ridiculous. Absolutely ridiculous. This is one of the names you kind of wanted to eat. You kind of want to, if you want to manage risk on this thing, you have to buy it into washouts, right? You have to buy into washouts on remounts or else you're going to get destroyed buying this thing. This is one of the names. If you buy this thing into strength, you're going to get destroyed. Absolutely destroyed. Square, again, big breakout yesterday. We talked about the multi-year breakout yesterday at 83. We talked about this pre-market. 85, 80, 86 needs to build. Again, second day in a row, man. Square was just a really big move, right? So here was a sneaky pivot right here, 85, 80, 86. I mean, the damn thing went to 87, man. I mean, 87 and a quarter before obviously everything got pulled, but boy, oh boy, nice move on Square. Square has been a pretty good, you know, pretty good consistent mover here in the last 24 hours. Again, you can see your square take along the way. Coop take along the way. So here was the trade. Here is the move of the day, right? Here is the move of the day. So 891, I saw that Tesla couldn't rally. He just couldn't rally today. 891, if it builds below, can flush. Again, experienced traders only. New traders, you should not even be looking at the symbol. I give you my word. If you're looking at the wrong side, you're dead. It's not a question of being right or wrong. It's a question of being solvent. And again, a lot of you guys, unfortunately, you're so new to this business. Again, when you have such an exaggeration, right? Such an exaggeration on both sides of the market, it can take you out. So again, for new traders, this is not for you. If you see me talk about Tesla and you've been trading less than three years, just close your eyes, close your ears, just move forward. But again, for all you guys that did take, congratulations. 891, if it builds below, can flush. And this was the setup on Tesla. This was the setup on Tesla right here. So this was it right here. So 891, you can see it. 891, right? 891, 893, 893, 891. When this thing took out 891, this is one candle, guys. This is literally one candle. 891 to 859 and one candle. This was an absolute just manslaughter. Absolute manslaughter. Ridiculous. Absolutely ridiculous move on Tesla. Obviously, stay valid. Take along the way. Everything, take along the way that. Take along the way that. Again, I thought Netflix was going to stop at 891. Went right through it. So, yeah, crazy. Absolutely crazy day. This market is nuts. It's absolutely nuts. And it's going to continue to be nuts. And the moral of the story is, again, if you are new to trading, again, baby steps. What you want to do is put yourself in the line of fire of stocks that you can't control. Again, this whole business, it's all about being in control. I don't care what type of trader you are. If you're not in control of your trading, you're going to be statistics. You're going to be a statistic eventually because, again, there is no Mulligan's. There is no Mulligan's. It's most important just to kind of stay upright when you finally figure things out. So let me give you guys some ideas. Let me give you guys some ideas for tomorrow's session. They're all pretty much non-beta. I got a couple of beta names in there. But let me give you guys some ideas for tomorrow that are non-beta. Kind of names that I do like here. Yeah, look at this NLSN. I think it's Nielsen Ratings. I think it's a nice looking chart. For all you guys who don't trade beta, nice looking chart. If this thing starts building about 2240, 2250, nice multi-week, actually almost multi-month breakout potential here. It starts building 2240, 2250. You can move nice looking chart there. AQUA, AQUA, again, pretty basic looking chart here. It starts building 2530, 2540. You could get a move to the 26.5 level. That looks good. I actually like ISRG. ISRG actually held up fairly well. If the market is strong tomorrow, again, this is not really my thing. If all you guys trade options, it's a different thing. I trade the equity side, something like this with no volume. There's no way I could trade properly. But if this thing starts building, if ISRG starts building 620, you could get your next leg up. Tomorrow also, I do like STMP, that SDGR on dips into rising 60-minute support or opening range highs as well. But going into tomorrow, I do believe beta will kind of be off the table for us. At least for the first part of the morning, everything's in the middle of the ranges. Again, we understand we're up against. We have to kind of adjust and kind of, as I say all the time, using a baseball terminology, kind of manufacture runs tomorrow. Get on base any way you can. What infield single, whatever the hell you need to do, get on base. Guys, have a great night everybody. Get some rest tomorrow. Probably will not be boring. And with God's help, we'll see you all on the field. Congratulations for putting in the time to take control of your trading. You're one step closer to owning your future and achieving the success you desire. Want daily trade ideas directly from Dan? Straight off his personal watch list? Click the link in the description to get started today.