 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 another edition of the AccessaTrader.com nightly update show. Hope everybody is doing well. Hope everybody had a good training day. If you are a brand new to the channel, guys, all we ask is take a second to like the video, show support from the channel so we can continue to give you unbiased views of technical analysis. So let's talk about the market. Now yesterday, we closed below the 20-day moving average and, you know, I made a joke of it, but it really wasn't a joke that every single time this year, in 2024, when we closed above the 2000, before we closed below the 220-day moving average, miraculously, the next day, we somehow got above it. And today was absolutely no difference. If you look at the scoreboard today, nothing's going to scream out to you, you know, one way or another. You know, you had the Dow down 43 points, S&P up five, NASDAQ up 37. NASDAQ was up about 100 points for the majority of days. And just like the instances we saw on February the 22nd, March the 19th, and what we saw in yesterday's close, we reclaimed back supply. The only difference is we got rejected back into the 10-day moving average, which is going to be a very, very important level for tomorrow. You know, if you told me a year ago, two years ago, that it is bullish losing the 20-day moving average only to reclaim it back several times on a linear bull market, I would look at you like you have five heads. But again, like I always say, here we are. So the bulls did a pretty good job. You had a lot of pretty good price improvements from previous channels. We'll go through some names in a second. We had some names that busted out of their channels. We talked about last night on Meta. You had some news coming out on Google after the close that they are considering charging for their AI Gemini. And then people realize after the initial surge to all the way to almost 159, people realize, oh, wait a minute, why am I going to pay for Gemini when I could get it probably for free from 2,000, dozen other places? And you could see the reaction. I still want to see how the stock performs in the regular session tomorrow. Again, we want to keep an eye on this thing on the April 1st highs and see if it could get through. All in all, you did have some pretty good price improvements like we talked about last night on Meta. Meta finally got above supply. This is literally the bigger move, the biggest move of the day. Big, big move today came out of the 500 channels. We'll get to the literally individual permits in a second, pretty much closed at the highs of the day. But more important, you had some names that were kind of stuck in the mud, get back above the previous channels. Apple was one of those names, right? Even though Apple got rejected back to the 5-day moving average and by no stretch of the imagination is this thing out of the water, at least it showed a little bit of like, showed a little bit of fight. Even a name like Tesla, and we know what happens when Tesla has an update, right? We know what happens. You know, every single time Tesla tries to get it back above the channel, it gets stuffed the next day and goes lower. But at least just like in the same case of Apple, Tesla at least got back above yesterday's channel. Is it possible if it takes out today's channel tomorrow, you have one more run into this 173 supply? Of course it's on the table. It's absolutely on the table. But again, I'm still watching the bottom channel here, whether it's tomorrow, the next day, whatever the case may be, for a potential loss of the Daily Bollinger Band to get back below to this March lows. But again, tomorrow I'll definitely watch it on both sides just in case it has one more day run for a potential push to 173. We'll see. We'll see how that plays out. Amazon continues to act very, very well. It took out yesterday's channel, stopped at the Bollinger Band. I want to see tomorrow if this thing starts attacking the April first highs in Micron. I'll tell you one thing, Micron has been one of these names have been forgotten a long, long time. Only until recently that it had really good earnings has the stock really showed not only life, but incredible aggression. This is now the highest close in this whole formation. If the market continues to move higher tomorrow, maybe we can see a push into the 130 level. They were definitely coming in with pretty aggressive short-term call buying today in the 130, 135 calls. It's going to be very, very interesting to see. I like this name here MNMD. I'm not really familiar with the name. It looks like it had a big move up on March the 7th. One sideways for about three weeks. Big breakout today. Keep an eye on this thing for tomorrow if we can start getting above this Bollinger Band. The one name that had promised, and we saw a lot of call buying in the open, we had a couple of minor scouts on the name was NVIDIA. The only problem with NVIDIA, unlike a lot of the other names today that price improved in its previous channel, NVIDIA did. Considering how strong MU was, you figure it, you get some, maybe a pull-up on a lot of these semiconductor names. NVIDIA actually closed red. Now the key for NVIDIA going into tomorrow, again, one day doesn't really mean anything. You hear the importance of reclaiming back the 5-day moving average. On April the 1st, it got rejected off the 5-day and it went lower. Today it got rejected again off the 5-day and it started going lower. Tomorrow I want to watch. I think it's going to be a very, very important scenario tomorrow for NVIDIA. The fact that it couldn't rally today, the fact that it couldn't price improve. I'm definitely watching yesterday's lows. If they could start building below yesterday's lows, then yeah, I think we have a pretty aggressive move down. Having said that, again, we always talk about two sides of the equation. Just like it got rejected on April 1st and got rejected today off the 5-day, I want to see if it actually can wake back up and reclaim the 5-day, because if it can reclaim the 5-day, then we have room all the way up to this 914 and ultimately to this 922 reversal channel on March the 27th. So again, not everything is going out of its mind just yet, but the point is, and this is where we took out of today's session was, the bulls were able to reclaim back at least a 20-day. Yes, they got rejected off the 5, but at least the 5 is in striking distance if they can start reclaiming today's channel. So it's something very, very important. You look at some of the other semiconductor names. Qualcomm had a very, very strong surge today. Names like LRCX, continue to hang on, pretty good moves. And I'll tell you one thing, there's names that really need to split. Like look at a name, for example, like booking.com. Used to be the old price line. The damn thing was up 66 points today on 248,000 shares. Look at Netflix. You would figure Netflix would be such a Wall Street darling. It used to be for months and months and years and years for a very long time. 2.9 million shares traded the whole day, despite its trading very, very aggressively. Man, this thing has been untradable for a very, very long time. And this has been, this used to be one of my favorite stocks that I used to trade for years, not so much. So there's a lot of names that really deserve a split. Netflix, booking.com, ISRG, we're finally getting Chipotle to do a 500 for one split. Maybe this thing will help it out as well. Even MSTR, I know MSTR has been going crazy all over the place with the whole Bitcoin name. But these stocks really need to split. I mean, there is literally very little aggressive retail participation in these names. And ultimately, the institutional money flow always moves these stocks. But retail interest kind of keeps their name alive. And a lot of these names are just really dead in the water for 90, 95% of their times. Microsoft is another name just kind of mirroring the NASDAQ 100. It got rejected again off the 10-day moving average. Again, another name you have to watch in the next couple of days. It's crucial that Microsoft reclaims back the 10-day. Again, if you guys have watched this channel or watched the PS60 workshops throughout the years, the 10-day moving average, I call it the birth of the trade. So it's very, very important not only for the Qs, but every component to reclaim back their respective 5 and 10-day moving average. So all in all, you still have a lot of names that are kind of in their middle, their cycles. You still have a lot of names that are absolutely doing nothing. But you do have some hope in names like an Apple, names like a Tesla that were gotten beaten down. Can they get another day out of this rally? It's soon to be determined, but overall, the Qs, the magic number on the Qs, they need to get back above 444. If they can reclaim back 444, then yes, we will go right back to highs. If they start losing 438 or Houston, we're going to have a problem. Again, the longer we continue to go sideways on the indexes with no really big price improvement, a lot of sellers will get very comfortable. A lot of buyers will get very, very frustrated. And the last thing you want to do is prolong this kind of distribution cycle. Today's session was obviously a lot more seamless than it was yesterday. If you guys watched last night's video, every stock that I wanted to trade through yesterday was the move happened pre-market, whether there were shorts, whether they were remount buys, dips, whatever the case may be, bounces. Today was a lot more seamless. We had several key smaller pivots on the video to the upside. The big one today was obviously Meta. Meta was the big one. We talked about this the last night's video. Where's Meta? Meta, Meta, Meta, Meta. There we go. There are Meta. 500 needs to confirm the 327 and the pre-market highs. We talked about this the last night's video. Nice move here. $7 move. It closed at the highs. If you look at everything else, nothing else confirmed. Tesla didn't confirm to the downside. Arm didn't confirm to the downside. Apple didn't confirm to the downside. Nvidia didn't confirm to the upside. Literally, Meta was one of the very few names that had a confirmation, a technical confirmation. That's my point that everything is still continues to be, for the most part, in the distribution cycle. It's very important to understand that, not to try to squeeze water over rock. Eventually, if the queues reclaim the 10-day, everything will wake up, guys. Literally, everything wake up. Again, we talked about every single day, you have to be prepared. You have to be prepared on both sides of the market. You can just assume a supply zone is going to be confirmed. For example, in the video, if the supplies don't get confirmed, and I'm watching this thing to the downside, you have to put yourself in a situation to ask yourself a question. Do I want to be a trader in a bull market buying stocks, or do I want to become a trader? You could quickly tell the disconnect between bull market, perlables versus traders. Traders wait for their green light, or sometimes their red light. We all we care about is channels. We don't care which way. Look, I prefer a bull market. I think everybody does. It's just much easier. Much easier. There's more liquidity, more market participants. There's much more aggressive chasing, especially overnight for past performance. But I tell you, the bear market of 2022 was pretty damn good. I mean, 85% of that year was to the downside and elevator down. They take talk about stairs up, elevator down. Well, 2022 was elevator down for the majority of the year. And that's why if you want to be a professional trader, you have to trade both sides of the market. It's not something new I'm sharing with you. But when you go through a distribution cycle, it's very, very important to have your eyes and ears open because you just don't know which side will get rejected and which side of the market will get highlanded. So going into tomorrow, again, I know I'm watching to see kind of a delayed reaction in this Google Gemini news. Initially, the stock went to almost 159 after the close. It came right back into the 154s. I want to see in the regular session if it gets above this channel here. Amazon, we were watching again from that April 1st highs. And again, let's see if Tesla has a day two, right? We'll see. Let's see if Tesla has a day two. Let's see if Apple has a day two. Let's see if Micron could continue its run. But be efficient, okay, guys? Be efficient. When you're trading a distribution channel, you really want to pick your spots. You just don't want to randomly trade, take shots because at least in the bull and rabbit market, the market will make you right because everybody's chasing. In a distribution channel or holding patterns, much more selective, much more patient driven. And if you're not patient, if you are careless, your account is going to suffer. But Wall Street in layman's terms calls the ugly churn. The last thing you want to do is get into an ugly churn. So that's it, guys. Hopefully everybody is doing well for all you guys who are interested in PIVOTS guys. You guys want to kind of see what these PIVOTS are all about. All you got to do is click the link in the comment section, test drive the PIVOTS, the PS60 theory for 30 days. You'll quickly understand exactly where I'm coming from, why it's so important for these channels to get confirmed. And this will give you kind of an exposed aspect to the market on the unnormal or lack of normal what everybody keeps talking about. Guys, have a great day. Have a beautiful day. Have a beautiful Thursday. Tomorrow is my normal Thursday night off, so no video. So, God's help. I will see you all in the field tomorrow. Take care, guys. Have a great, great night.