 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 AccessToTrader.com Nightly Wrap-Up Show Hope everybody is doing okay. So let me set the, let me paint the picture for you, right? You shave, you shower, right? You get your car washed, you got a new outfit, you're looking good, you're smelling good. That girl that you've been trying to pursue for months and months and months finally turned around and said, yeah, I'll go out with you, right? You're feeling good about yourself, everything is fantastic, right? You can't wait. You pull up to the door, you ring the bell, you open up the door and your sister is standing there, right? That's exactly what happened today in the market and that's the best way I could possibly, possibly describe what I saw today from three quarters of the day. I thought yesterday was a perfect, I'm talking about a perfect scenario of a really good important. I think that's the best way of saying it. Not did I believe that the NASDAQ 100 and the Dow, just all the indexes, the market in general should rally today. I thought it was crucial. I thought it was an incredibly important thing because I felt that the way we held, right? Well, at least the way the bulls held yesterday is rising 20-day support. It was very, very important that they built, right? They really, really built on this massive hammer that they put in. So it wasn't a case of should we rally? I felt we were going to rally today. It was more of a case of the market needs to make a stand, take out the previous days' levels, build on those levels and close very, very strong. When you looked at the market today, we talked about kind of a scenario that I wanted to see from today. I think I started talking about it towards the end of the video yesterday. I wanted to see a market because, again, we had a thousand point rallying the Dow. So I wanted to see the futures down 100-200 points on the Dow just because of profit taken. And I felt that if the market opened up lower today and some of these stocks would be down, you know, it would be down $3, $4, $5 a share, what I thought in a perfect world was early shorts or at least late shorts from yesterday, right? But early shorts today would get trapped. They would go red to green, put in opening range highs at 10 o'clock, retrace, get more shorts trapped, confirm the 10 o'clock candle and just explode for the rest of the day. And somewhere along the line, somebody forgot to tow the bolts, right? They forgot to tow the bolts because if you look at the watch, if you look at the checklist coming into our wants for today, we got everything, okay? We got the gap down. Everything was down pre-market, not a lot. Some things were down more than others, for example, like an Amazon, but again, not a lot, okay? I didn't think it was tremendous. I thought it was a little off somewhere down more than others, but I said, all right, you know, let's see what happens. So we got the gap down, okay? We got the early morning trap. We got the red to green. We got the initial move, right? We got the initial move into 10 o'clock channels. And then when I started seeing right after that was a complete snooze fest and I tweeted at some point during the mid-morning and I said, well, I guess the bulls won. I guess, right? You just couldn't get it. You just couldn't get an idea. And today's day felt like something was off, right? There was some stocks that were very strong this morning. If you look at some names, you can see from just from the pre-market action, some names were really, really strong. Apple had a big move. You had NVIDIA had a really, really big move. Again, obviously, we'll talk about what happened after. NVIDIA and SHOP, you know, SHOP had a really, really big move as well, you know, right into supply, but you started seeing a lot of names that were lagging. Tesla was lagging all day. Facebook was lagging all day, to the most part, right? Netflix was lagging all day. And again, it was actually the most ironic part. Netflix actually saved my day to the upside when it finally woke up. You started seeing 450, 460 calls. We'll get to the individual pivots in a second. But you started seeing a good amount of tired names very, very quickly. And the last thing that the market wanted to see, at least the bulls wanted to see, was the market to get gassed out around 11 o'clock. 11 o'clock in the morning today felt like a 2 o'clock in the afternoon. There was absolutely no juice. Again, you had names that woke up like Roku, like Amazon. Again, we'll get into the individual pivots in a second. So again, there was some value today. But again, you're looking good, you're feeling good, you smell good, you open up the door and your sister's standing there. Again, maybe some of you guys into that stuff, but I know most of us are not. And the most important part of what I kept on saying throughout the morning was, the bulls better not drop the ball here. Because again, remember, we're not talking about trading for tomorrow. Trading for tomorrow is all about sentiment. It's the ability to build on levels. It's the ability to negate bad news. It's the ability to, again, keep on trapping late, late shorts over and over and over again and rinse, repeat, rinse, repeat, start taking at highs. So the idea that when we were up about 150, 200 points, I said, man, this just doesn't feel like a rally. It just doesn't. You can look all across the board. Just nothing feels right. BY&D went red. The video at some point went red. Everything was giving up gains. Bowling, you can see slowly but surely giving up gains as well. And I said, man, it just doesn't feel right. And this is when the market was up 150, 170 points. And then towards the end of the day, I logged off early. I logged off early around 2.30 or so. Again, I'm trying to just to give myself mental breaks towards the last 90 minutes of the day. So I logged off early and I think it was La Zandra that texted me goes, well, if you thought the market, basically the power phrase, if the market rally was weak at 150, we just went red on the day. So it's not what the bulls want at all. I think the bulls did a horrific job today keeping control. I think that they really could have stamped their brand in status quo and frustrating the bears more and more and more. But again, when you see what happened today and when you see the final scoreboard, but more important, you saw headlines towards the end of the day. And again, they blame the Trump comments from China. These stocks were weak way before the end of the day. OK, so again, I understand there's dissemination of news from different outlets and they have to kind of put a bow on what happened today. But if you were training for the rest, if you were training for the whole day, you saw the weakness. You saw the weakness starting around lunchtime. And there was no emphasis. There was no excitement. There was no FOMO. There was nothing there. There was basically you with your sister doing the two step shuffle and Billie Jean playing in the background. That was it. There was nothing to get excited about. So when you look at how the names ended today, if you look at all across the board from where they started to where they ended, again, if you're a bull, this is not what you want to see. If you look at the charts one by one by one, again, how many times is Tesla going to try to get above the range? It keeps on failing. Again, not only did it fail to take out the previous day's high, again, it lost the 5 and the 10 day. Again, that's bearish. We've been talking about how important the 5 and the 10 is over and over again. If you look at Amazon, OK, again, look where it got rejected. It got rejected on the 5 and the 10. This is bearish. This is not good stuff. Netflix actually had a pretty good trade today. Look where it got rejected. It got rejected right on the 5 day moving average inverted hammer. One after another after another. Right when I logged off at 2.30, I said, wow, I really like shop tomorrow above starts confirming 771, 772. I mean, look at the stock sold off 30 points. Again, very, very close to confirming this rising wedge again. So again, look at the names that should have participated today. Aggressively participated and look what happened on the close. Again, you can blame China. You can blame Trump. You could blame the market makers, right? Again, the whole market maker, the algorithms, right? You've got to blame somebody. Why can't your stocks go down? Why can't stocks go up? Why does everything need to be a reason? Again, when there's more buyers and sellers, the stock goes up. When there's more sellers and buyers, the stock goes down. So again, when you look at charts tonight and you see the names that should have rallied, right, that needed to rally, that needed to reclaim big, big levels, they all failed. And again, look at BY&E close right. This is the first close below this whole rising support. Again, what do you want to be long the stock tomorrow, right? Do you really need to be long the stock tomorrow? And that's the point. It's not where you love the stock for long term. It's not where you think the stock is gonna be a year from now. It's all about today's close. And if you look at today's close, based on for the last three days, for the exception of yesterday, right? Literally for the exception of yesterday that the bulls had a phenomenal job on a V-shape, intraday recovery. And today's set up for a monster, monster rally. Again, butt fumble, Mark Sanchez, butt fumble. So going into tomorrow's session, again, how do you feel good if you're a bull? It's a very honest question. Again, I'm not a bull, I'm not a bear. I trade both sides of the market. But how can you feel good about being a bull for tomorrow? Again, anything could happen in this market. As we see every single day that George Costanza market is real, nothing needs to make sense. Again, we could be talking about tomorrow in the weekend update saying, wow, I can't believe the NASDAQ rally 300 points. It's all on the table. This is where we are right now. But again, going into tomorrow, you have to have an opinion. Again, Mark is telling you, if you're looking at charts tonight, you kind of see where the opinion is, right? You have to have an opinion, you have to have a bias. And again, I am not going to anticipate what's gonna happen tomorrow. But again, if your eyes, and you can see the best technical indicator is your eyeballs, right? It's the eyeball test. Before you start incorporating old studies and this, that, and the third, you have to trust your eyeballs. And if your eyeballs are looking at every single chart today and they're saying they close below the five, they close below the 10, they close below the 20, again, where is the emphasis the upside tomorrow? Again, time will tell. We can't put the cart in front of the horse. But again, at least let's be prepared from what we believe is gonna happen next. And again, if you guys, if you look at Tuesday session and Wednesday session, right? Again, any single time we saw closes below the five, 10-day moving average, and some of these names kind of gave up pretty much all their gains from the last couple of days as well and had put in their lowest closing. For example, like BYND put in its lowest close in this whole formation, right? So again, gun to your head. Does it go tomorrow to 1.30? Or is it possibly gonna test the 1.16 from the previous days low? Again, right? Coin flip, coin flip. But again, technical analysis collecting data tells you there is an emphasis tomorrow to the downside. Again, we're not anticipating. We are not forecasting. We're gonna wait very, very patiently tomorrow for confirmation and again, trade accordingly. So if you look at today's pivots, I mean, yeah, of course there were things to do. But it wasn't the day that I wanted, okay? It wasn't the day that I thought was gonna be really gung-ho, guns blazing market rally. Again, this is where the whole butt fumble from Mark Sanchez, they just dropped the ball. They really did. So early pivots here, work day, right? 181.50, 182.00 needs to build. Work day exploded. Congratulations for all you guys who caught work day. So here is the 181.00. Here is the whole area right here. This whole sneaky channel here. 81.00, 81.50, 82.00 exploded. I mean, the stock did very, very well. Went to like 86, 87 dollars. Very, very strong dollar tree. Again, earnings play 96.90, 97. Needs to build, DLTR, right? So here was the 97, right? Here was the 97 right here. Here was the 97, and dollar tree did well. Almost went to 100, so that was fine as well. And again, kept on saying, look, you already know. Okay, you already know. Obviously, Boeing never got to this 59 level, but you already know. If I'm already putting dollar tree and work day, right? Pre-market list ahead of like Amazon first, or Netflix first, or Tesla first, it kind of shows you what can possibly happen or not happen in the day. We're talking about value versus, versus forcing setups that are not over there. Boeing never made it up there. Netflix, I took Netflix. There was actually a sneakier pivot. We'll talk about Netflix in a second. It went through this area here, went to 423, but I'll show you a pivot that we got long off the second entry, off the 418.50 break. We'll show you that in a second. That actually saved my day. Apple, I screwed up big time. So I bought Apple, I bought Apple, and everything was so weak. It went up like 20 cents or so. It did nothing, okay? It came right back in. It gave me a lifeline, and I sold it, completely butchered it. Lost 25 cents in the trade. Came back in, it took like three times and the stock finally exploded. For all you guys who didn't screw this up, I did, again, 25 cents is nothing, but my point is I did screw it up. For all you guys who did keep the trade, great job. I completely messed this one up. BYND, again, not a big move. Again, you clearly see why stocks are getting gassed up. 126 rejection twice, needs to build. Again, not a big move at all. This is, again, you're collecting data. So here's the 26, right? Stock only went up, 60 cents, that's it. 60 cents, but this is why we always say when the stock stalls out, especially if you're trading an intraday cycle is you gotta use break even as you stop. Again, you can't sit there and pray that the stock recovers. Again, data is telling you that it's weak, it's stalling out. Again, that break even trade is gonna be very, very important. These two pivots triggered at the close during the sell-off. If you did catch a great, Netflix went down a couple of dollars. Tesla went down like three, four bucks. But again, I wasn't around for this. I didn't see it. Workday, again, Workday, take on the way up. Nice move there as well. So Tesla, right? Tesla, and I said, it finally went. It finally did go to all, to all concern. It did exactly what I thought it was gonna do. 821 build for a quick move to 825. That is supply. And again, these are the key levels here. So it did exactly what I thought it was gonna do. Again, for all you guys did take it. Again, it was a quick scalp. Again, there was nothing there. So here's the 821, right? Here's the 821, and it stopped at 2475. I said 825 stopped at 2475. Again, you have to know your levels where stocks potentially gonna stop. Amazon was actually a pretty good move before the sell-off. 2426 needs to build. Here was Amazon. Here was Amazon. I mean, not a bad move at all. You got a 1011 point move on Amazon. Here was the 2426, and it went to 2437. Before, again, big, big reversal to the downside. So that was fine, right? There was nothing wrong with that. Here was the trade. You know, I finally got something going on the day. 418.40 needs to build. June buyers were coming in for the 450 calls. Also, for the 425 weeklies, for the 430 weeklies. Netflix actually had a pretty good move. So we got along this thing. Here, you know, we got along this thing right off this level here, and it actually went to like, you know, 422 and change. So it was a pretty good trade. I entered it twice, caught up for about $1.60 in runners and stuff. $1.65 in runners. Again, not a big move again, but again, that was the theme of the day. It's again, feeling good, looking good, car washed. You're on your date with your sister. Again, that's just the reality. Still valid again, towards the end of the day. Again, tight session. We knew that before the open. Again, there was nothing that was surprising this about today's session. And again, here's the move on Netflix. Take on the way up. Amazon's spiking. Take on the way up. 87 on deck on work day. You know, I said, look, there's a shot. It gets to 243 and it failed. You know, again, went up $11. If you can say it failed, you know, God willing. You know, again, Tesla. Take all on the way up. 825 is supplied. Stopped at 824.75. And that's it. I mean, that's basically it. So again, you have to know, like yesterday it was super duper aggressive. Like I said, we came in yesterday 100% sell buys. Okay. You know, I gotta say I'm 80-20. You gotta say I'm 80-20 sell buys going tomorrow. Look, there are a couple of names that I kinda like for tomorrow. You know, Roku actually held up okay if it could confirm the five day moving average. You know, that looks okay. But again, when you start looking to the downside, right? You start looking at beyond the lowest clothes. You started looking at Amazon clothes right on the rising support, man. I mean, this thing confirms, boy. Right? You look at Tesla, lowest clothes in this whole formation. Can it test the previous days low? You know, Netflix, again, Netflix is, you know, one candle away from testing yesterday's low as well. So again, you can't feel great if you are able. I could see a choppier session tomorrow, okay? But again, if you gunked on my head, 70, 30, 80, 20, I am definitely sell biased until the market proves me wrong tomorrow. I wanna give the bears the benefit of the doubt. So guys, have a great night everybody. Tomorrow's the last day of the trading week. Again, just a quick reminder on Saturday, four or five gentlemen within our webinar who do trade options. Again, I'm an options novice. I know nothing about options. They will be kind of hosting kind of a round table discussion of how they use options to trade these pivots on Saturday. I think we're doing a Saturday at 10 o'clock Eastern times fully you guys watching this. Again, just keep an eye out for that as well. Other than that guys, God bless and I love you all and I'll see you all tomorrow. Congratulations for putting in the time to take control of your trading. 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