 It's all about individual setups for tomorrow and if you stick to the individual setups instead of looking to try to figure out where the directional macro flow is going to go. 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. I guess you trade long enough, you finally see everything. Guys, good evening everybody. Welcome to another edition of the AccessTrade.com. Nightly update show, hope everybody is doing well. So yesterday, just going back to 24 hours ago, markets were absolutely for you. You had Google coming out with earnings announcing a 24-1 split. AMD had really, really good earnings. Everything was great. The NASDAQ 100, they blew through the 200-day moving average and it was phenomenal. First close over the 200-day moving average in about three weeks and the one thing we kept on, well I kept on reiterating last night was, well now that we're above the 200-day moving average, right? Now that we found love, right? If you go back to the last night's video, what are we going to do with it? And we got our answers very, very quickly. So the NASDAQ 100 comp was up about 300 points right from the word go. I tweeted out the Saralego, how crazy is this? Google is up 300 points pre-market on 100,000 shares traded, right? Absolutely insane. AMD was 30s. Everything was going absolutely nuts. Amazon was up 80 points. It was just a free-for-all, right? Absolutely free-for-all. And the question was, it's not how much we're going to be up today. It's how much are we going to be up today? And this is like the old adage by Chris Berman of great, great ESPN analysts. This is why we play the game. And I tell you, I've seen a lot of different weird things going on in the tape, but today was probably the oddest. And the reason why I say that, it's very rare that you see number one, the Q's pre-market. I mean, they were just out of their minds, right? Pre-market, they were 372, okay? 372 and just building and building and building. And then slowly, but surely, you got a little bit of a headline that Google was intending to do some sort of shelf, not a big deal. Again, bigger companies are completely different than smaller companies. Bigger companies do it because money is completely free to borrow, zero rates, it's cheap money, all that stuff. Small companies do it because, well, they have to hold on, they have to leave the lights on. It wasn't a big deal, but slowly, but surely, everything got pulled, AMD got pulled, Google was starting to get pulled, everything was getting pulled, Tesla couldn't find the bid. And then slowly, but surely, everything was going red. And the Nasdaq, not only did they give up their gains, right? Give up the big, big gains and $6 away from the 200-day moving average, they lost the 200-day moving average, right? And everything started to get really, really hit. Qs went down all the way down to one, two, three, 64, and you say to yourself, I can't believe the Qs just reversed $8, lost the 200-day moving average. I can't believe how bearish this is, right? How can you buy stock after they just lost the 200-day moving average? Before that sentence got even warm, right? I went to launch, we were red. Came back from launch, the Qs not only, you know, not only reclaimed back the 200-day moving average, it rallied $4 off the bottom within 40 minutes, okay? That's how aggressive it is. And but slowly, but surely, we started seeing how a lot of names just weren't rallying with the market. And because we had another slew of earnings tonight, it was very important for the Qs, right? For the bulls to hold on to that 366 on the close. And to their credit, they absolutely did so, okay? Market held up, they rallied into the close. And now the question was, well, let's see, right? This is, you know, Facebook comes out with earnings. Facebook's been crushing their numbers, right? But this isn't Facebook anymore. It's the meta universe, right? It's the NFT world. It's not Facebook anymore. It's meta, right? Facebook crushes earnings, and apparently meta, not so much. And this is obviously the complete opposite of what happened last night. Everything last night was going absolutely out of its mind. And now this evening, only 24 hours later, everything is completely imploding, like literally, like last night, did not happen. Everything is just getting absolutely destroyed here. And the craziest part about this is how yesterday, we reclaimed the 200 day moving average, right? Not only did we lose it today on the close, we lost it by about $5. So this is definitely one for the record books, as far as crazy market action. Okay, I thought the, I thought the training itself was pretty good today. Really good bounce on AMD today, off the 60 minute view, really good bounce, really good short on Tesla. Tesla, by the way, setting up tomorrow, if it confirms stays five day moving average, right? There's a really, there's a lot of room down. But the most important part is kind of where we are. And I always say, it doesn't make a difference how we get here, right? The scoreboard is the scoreboard. There's no such thing as, there's no such thing as cheap. There's no such thing as expensive. There's no such thing as overextended. The last price is fair value. And now the bulls are in such a weird ass position that not only did they have to fight to get back to the 200 day moving average, they have to fight literally everything that we lost today, yesterday, and then some just to get back to the closing price today. So crazy, crazy. So let's, you know, let's review, reclaimed the 200, lost the 200, reclaimed the 200, lost the 200, reclaimed the 200, closed really, really strong, everything imploded, yada, yada, yada. Here we are. So how do we make sense of this, right? And I think if you try to overthink this, going into tomorrow's session, I think your brain's going to explode. Okay, number one, we know nothing makes sense in the market, right? Good news, sometimes bad, bad news is sometimes good, vice versa, nothing needs to make sense. That's the first thing. And I think instead of sitting there trying to figure out macro where the next move is going to go, assume it's going to go down until we reclaim back the 200 day moving average. So if you believe, again, in these little lines, and they make sense, and they're kind of important, then the cues for tomorrow, the bulls only job for tomorrow is bounce off, whatever the lows are, bounce off, reclaim us 366 at least on the close, at least then going into, oh, by the way, kind of another important earning session tomorrow led by only Amazon. Okay. Then and only then we'll have a true kind of digestion of information of what is real, and what is just a lot of volatility and a lot of noise. So a lot of times, you know, you'll hear me, you know, have a pretty definitive opinion, right? I'm pretty good at having a definitive opinion, even if that opinion is wrong, and the market plays out the wrong way, at least I have a feel, at least I have a sense. Yes, I mean, obviously, we're below the 200 day and I'm looking at stocks, I like some names to the downside tomorrow. But would it really shock me based on what we saw today, how the market kind of gets off the mat and kind of starts reclaiming levels again, nothing would shock me. So again, sometimes guys, you have an opinion, you have a definitive opinion, you have a bias, you have a definitive bias. Once in a while, you got to turn around and say, I have no effin idea. And that's okay, right? A lot of times you see people trying to make themselves look smarter and I figure this out. And I know this and how can you not know this was so obvious and this is so easy. Let's be honest, we're all human beings, we're all schmucks, we're all idiots. I'm the biggest idiot of them all. And the most important part is like I say all the time, I don't like to guess tomorrow instead of trying to figure out which way is up or which way is down. Let's leave it to the professionals, right? Let the professionals, I told you so and I know it all and all the everything is all great, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah, blah. It's all about individual setups for tomorrow. And if you stick to the individual setups, instead of looking to try to figure out where the directional macro flow is going to go, I think it's going to find yourself a lot more focused in on the really good setups and they're focused in on a lot of good charts. Instead of trying to figure out well where the hell is Google going to bounce tomorrow, where the hell is Facebook or Meta going to finally stop its bleeding. And I think if you go through that day, if you go through tomorrow's session kind of individual setup versus macro setup, I think you're going to be fine because if you look at the setups for tonight, right, if you look at the setups, I think it's some pretty good value. I mean look at Tesla, right? Tesla today lost at 905 level, great trade take, great, great trade. It stopped perfectly on the five day moving average. And if you guys have been watching this video for a long time, you kind of know how important the five day is. So if this thing confirms the five day, which is the shortest term sentiment for me, look how much room you have left, you know, look how much room you have in Tesla. So obviously I'm watching Tesla, I definitely want to see if it could hold today's ranges. If not, at least we have a definitive area where to hit stock and you know, it could be very, very good. UPS had a really big move yesterday. And again, it held up very well today. This thing, it looks really poised for the next leg up. This one looks pretty good, right? Like really, really good. Again, you don't have to overthink it. It's one of those stocks that just look very good. And if it confirms, they'll probably go higher. Look at a name, for example, like GameStop. I know, I know the apes, the schmucks, everything, right? Blah, blah. Anyway, you see this little channel here on GameStop, right? You see the low here? You see today's low? It's kind of the same low. If it starts cracking down this low and starts building, why can't this thing go back to 86, right? There's some value there. So again, we don't need to be smart. We don't need to have this crazy notion of what we think is going to happen. There's value in front of us and PayPal, they got absolutely smoke today, right? Really, really smoke today. If this thing opens up today, it opens up tomorrow and gets stuffed at 60-minute supply, you know it's going to go red at least once, right? And if it starts losing today's channel, despite it being on SSR, you could probably get a second day very, very aggressive pull. So going into tomorrow, I'm Delta neutral. I have no idea. I have no opinion. I am not smart enough to figure out what's going on. The market is crazy as F, but it's tradeable. And that's the most important thing. So if you take a deep breath and concentrate on the task at hand, the research at hand, instead of the almighty noise that's surrounding by social media and television and everything else around you, it's much easier to navigate instead of having a broad opinion that anything could possibly happen. Guys, have a great night. God bless. I got my son's basketball game. And with God's help, I'll see you all tomorrow. Take care.