 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, gang. Good evening, everybody. Welcome to another edition of the AccessToTrader.com nightly wrap-up show if everybody is doing well. Before we go, obviously, into the days events, really, really big sell-off, two days in a row, just a quick orderly public service announcement for all you guys who've been on the Twitter feed for a very, very long time. Obviously, you guys can't make it to the live webinar because of why you guys have jobs or whatever the case may be. You've obviously been enjoying the feed and everything's all good. Just a quick reminder for just the general public, we will be increasing the price of the private Twitter feed within the next couple of days. We had introductory prices of $40 for a couple of years now. I think the value of it is tremendously undervalued. I still want to keep it below a third of the live webinar. So for all you guys who are interested, if you think about getting into the private feed for the next couple of days, it's going to go higher. The price is going to go higher in the next couple of days. So if you want to take advantage of it and you want to get locked into the current rate, please do so within the next couple of days. There will be either a link either in this video or I'll tweet it out in the next couple of days, but we will be increasing prices within the next 24 to 36 hours just kind of a heads up. So now that that's out of the way, we got that out of the way. Let's talk about the market. So a lot of people, a lot of people, again, we've been talking about this whole myth, right? The whole myth of buy the dip theory, right? The buy the dip theory, like I've been saying for an incredibly long time is applied to when you have a very, very bull exaggerated linear market that stocks are drifting down into the rising 60 minute support. They usually will hold that support. That's the whole point of the bull market. And then the stock bounces back and then, you know, people are pounding their chest. Ha ha bears never learn blah, blah, blah, blah, blah by the dip theory works. It doesn't work. Okay, it works in a bull market. It doesn't work when there's market breakdowns. The market structure breaks down. There's a catalyst behind it. And when you have, and again, for all you guys who think the market can't go lower, okay, despite, you know, we have 24 hours of the Dow going down nearly 2000 points. Before you can turn around and say, well, the market's oversold, it's going to bounce. I agree, we'll get to that in a second, but it doesn't have to bounce right away. And if you right now what you're doing is looking at the cues, right? This is the weekly chart of the cues for the for there to be really big technical damage on the cues. They would have to go right here, right? This is the rising support. And the fact that there have been so such a big run in the Nasdaq 100 and the S&P and the Dow Jones industrial average, the market is not oversold. Just keep that in mind. It's not oversold. And we have an incredibly aggressive catalyst that is again, the last thing I want to do is be that fear monger short. Well, let me market it. Everybody's going to die and then the world's going to implode. No, no, I don't want to do that. But you're hearing from the CDC and they, you know, they made some pretty, pretty aggressive announcements this morning and this afternoon about it's not a question if it's going to get into the United States. It's, it's what? And again, I know there's been some light cases, whatever the case may be. So I don't want to be that guy. I want to talk about it strictly from the market point of view. Again, I, you know, I cheer for the human race. Okay. I'm not, I'm not the guy that doomsday, the, you know, the gym channels, the world has to end for me to be right. I'm not that guy. Okay. I'm just talking in reality. So we are still really, really far away from weekly rising support, like really far away. So the idea that the market can't go lower, you're wrong. Okay. At least your thinking is wrong. Again, I personally think going into tomorrow, okay, just going into tomorrow, I do believe we need a washout, right? Like we talked about last night, we had two scenarios last night. I said last night, if we, if the worst thing the bulls can do is gap up because they're going to get faded right into supply and fate. That's exactly what happened today. So the worst thing the bulls can happen tomorrow, okay, that you guys want, all you permeables want. The last thing you want is a gap up in the futures. You don't want it. Stocks, again, they're going to hit supply. There's going to be overbundance of sellers and your stocks are going to get shelved. We saw that today perfectly. We'll go to the pits in a second. But if you are a bull, or again, a bull or a bear, whatever the case may be, what you need tomorrow for a really, a relief rally, okay? You need that baby out the bathwater scenario. You need the market to, you know, you need, you know, is your money safe turmoil on CNBC? You need the fear. You need the fear that people are going to wake up tomorrow morning and say, oh, hell, man, I don't want to be in the stock market, right? Every single industry is going to go, you know, is going to be, is going to be affected with this. Nobody could go outside, right, the fear. So I think from a trading aspect point of view, what we need to see, if we're going to get any type of relief rally tomorrow, what we need to see is a 3, 4, 500 point open washout trigger stops and start watching the stronger names. And ironically in a weird way, there was some pretty good names that held up today. Again, if you look, for example, Roku, Roku held up very well today. It was up on the day. If you look at Facebook, more or less, right, more or less held up more or less. When I say more or less, I mean literally more or less. But we had some areas of interest that really did hold up in the beta world. And those names you kind of want to watch tomorrow. Again, like for example, Roku has been strong today. Isn't it natural to think that the first stock, if there is a wash and go, is going to be Roku? So something like this I want to watch, you know what I mean? Something like this I definitely want to watch. I thought there was some pretty good bets today on the bottom of the range on Amazon. There was a very aggressive pivot to the downside as well. Again, we'll talk to that in a second. So I want to see evidence. Believe me, the last thing I'm going to do is start picking bottoms on a washout. That's not what I want to see. I want to see them throw the baby out with the bath water. And I want to see some stocks starting to take out opening range highs, right? And once they start going green, if one goes green, I think they're all going to go green. And the moral of the story is, I think in a perfect world, if that happens, we could see a 3, 4, 5, 600-point rally. Again, here's the other side of the coin. We gap up tomorrow. I give you my word. If you didn't believe me last night and you bought stock on a gap up today, I give you my word. If you buy stock tomorrow on a gap up into supply, you're going to die right away. I give you my word. I said this today in the first 30 seconds of Morning Strategy. I said this last night on the video. We don't want a gap up. We don't. And if we do get a gap up, it's going to take at least two or three candles of strength to convince me that there is more staying power than anything else. But again, we desperately, desperately need a big washout for tomorrow. That's going to be good. So again, as you can imagine, I don't have a thousand things on my watchlist that I'm watching. Yeah, there's some names that I do like. There's definitely some names that I'm watching technically. But again, I have a very specific game plan for tomorrow. And if that game plan doesn't play out, I wash my hands of the day. Because again, I understand the ramifications of trading with rose-colored glasses on. Again, nothing has to happen tomorrow. Again, long-term, again, here's our chart. Guys, here's our chart long-term. Nothing has to happen tomorrow. We don't need to relief rally tomorrow just from the point of where we are in the rising cycle. We don't need to do anything. But the most important thing is if you are trading tomorrow, again, just understand that supply and demand zones are real. They need to be confirmed. There's no such thing as overbought, oversold, especially when you see documented evidence right before your eyes. If you go a lot lower, I would like to see a relief rally tomorrow. But again, what I'd like to see happen, what actually is going to happen are two different scenarios. So again, please get to morning strategy tomorrow very, very early. We're obviously going to talk about all the pivots, right? We're going to talk about all the pivots, all the scenarios, washes out, rejections, everything in between. But the most important part is we need a game plan. We have a game plan, as I just said. I have an opinion, a very strong opinion of what I need to see happen. Now we just need to be adults. Remember, we've been using that word a lot. Now we just need to be adults, wait patiently for it to happen, and hopefully things will work out in our way. Again, if you look at the pivots, say, very aggressive day. Incredibly aggressive day. First, I put some pivots to the upside, right? I put some pivots to the upside this morning. We gapped up. I wanted to see if there was any staying power. Obviously there wasn't. Amazon was no way near the 2040 level. Tesla traded to the 56 level, began to sell off. We'll talk about that in a second. ZM was actually very, very strong. ZM on that second entry above 11050 really, really went. Again, this is kind of, at first I didn't get it. I'm a little bit dumber than the average person. So at first I didn't get it. I'm like, what the hell is Zoom? Because we use Zoom in the live webinar. I'm like, what the hell does Zoom have to do with this whole coronavirus? Hello. People, if they can't leave their house and businesses are starting to kind of take precautions, people are going to be working from home. Working from home. So Zoom is a phenomenal product. If all you guys would never use Zoom, we use it now in the webinar. It's a really great product. It really is. So I could see it now. I could see the play. So here was the pivot here at 110. And it traded perfectly right into supply at 1180. Then things got really, really aggressive. Roku, again, obviously never got to the 122 area. This is where things really started hitting for the balls. And again, it's all technical. Guys, you don't need to guess. Again, I've been saying this for a long time. Our opinions mean nothing. Our opinions mean absolutely nothing. There was a guy today on Stocktwits. I don't want to embarrass him. If you go through my timeline, you'll see it on Stocktwits. There was a guy, I tweeted out a little bit later in the day, and I said, hey, watch Tesla. If it starts confirming this bottom channel, if it starts confirming the bottom channel, the stock can flush, the stock can go red and flush. And the guy tweeted at me, whatever the hell it was, and he's like, ha, ha, ha, nice $2 flush. Yada, yada, yada, the stock went down $45 on that candle. Again, guys, remember, if you're speaking like this to another trader, you're an amateur. We all know that. We're laughing at you. This type of arrogance is going to put you out of business. I'm watching a market macro breakdown of a 60-minute channel of a stock that's, oh, by the way, up 300 points in two months, and you're laughing at me because you don't understand what about to happen. Again, be humble. Your arrogance will flatline you, and this is not one of those situations that it'll flatten you down the road. Again, if that person laughed at me on a $2 move, what happens in the next $43 when you saw that three minutes later? Again, stay humble, learn technical analysis. Older seasoned traders are there to help you. They're not there to have a conversation with you. You're telling them that they're wrong. We don't care. We don't care. Technical analysis is technical analysis. Stay humble or else, again, you're not going to be trading anymore, which is very, very simple. So let's talk about the rest of the pivots here. Again, this was the macro, huge macro pivot, right? Cues, 220, 220, 222. If it builds below, it can see more flush. Again, here is the cues, right? Here are the cues right over here. Right over here, guys. Here's the 220s area. 220, 220, and the destroyed. I mean, the cues went all the way down under 215. Home Depot. Home Depot, I did it on a remount. I couldn't get any stock. I did it on a remount. It went up like 50 cents. I got very, very small shares. MRNA, again, needs to reclaim and build. This is, again, one of those, one of these, what are they called? The Corona Plays. 22 needs to build on MRNA. Here was MRNA. Here was a sneaky pivot on MRNA through the 22. Put up initially like an 80 cent move and then reclaim this 22 later. And just when bananas, absolutely nuts on MRNA, space obviously didn't get back to this area here. I actually like space for tomorrow. Again, I've always said they came out their first earnings today and it's down like a couple bucks after the close. Keep in mind this is a growth story. This is nothing to do about dollars and cents here. If this thing's going to turn around tomorrow and start reclaiming back 34 on the close, right? You're going to see the stock going higher just because of the fact. Just because of the fact this is still a pay for potential type of play and not a dollars and cents. So keep an eye on this thing for tomorrow if it starts remounting 34. Micron again, if it builds 53.30, if it builds below it can flush. Micron got killed. Double downgrade today. Not one, but two. Two downgrades. Here was a 55.30. Went all the way down to 51 and changed. Good job for those guys who took that as well. Shaq, not a big move. I was very surprised. Shaq, 62.30, 62. If it builds below it can flush more. Not a big move, right? So here was a 62.30. Only went down like a dollar and really snapped back up. Very, very, actually very impressive for a name that missed earnings. But here's where things got very, very aggressive, right? This is where things got very, very aggressive. This is when the guy told me, ha, ha, ha, ha, ha, you're an idiot. Okay, I'm an idiot. 8.36, if it builds below it can flush. Again, experienced traders only. Yesterday's low was 8.22. Those are both areas of concentration. Here was Tesla, right? Here was the 8.36, right? Here was the 8.36, the Sneaky Channel. Here was the 8.22 Massacre. Absolutely massive. Went all the way down to the 7.80s. Huge move, really, really big move there. Here it takes some sales. Congrats guys, blah, blah, blah. Amazon, right? Amazon. Big levels here for the rest of the day. 1993 was the Sneaky Pivot. 1987 was yesterday's lows. Again, both need to confirm. Here was Amazon, right? Here was Amazon. Here was the 1993. Excuse me, this was the 1993. This was the 87. I mean, kill. I mean, kill. Went all the way down to the 50s. Big move there as well. Netflix, yeah, big hit as well. Levels the rest of the day. 363.50, 363. And 361 yesterday's low. They needs this for confirmation. You could see, oops, excuse me. You could see what happened to Netflix. Here, so here is the whole range on Netflix. Got confirmed smashed. Went all the way down to that 58 level as well. I think that's it. New macro lows. Amazon. And I tweeted this out. I go, listen, if it holds 87 from the 93, cover some up and went right through it. Got smashed. Take on the way down. Netflix, Amazon Fire, right? We speak in emojis, fantastic moves. And I think that's it. I think that's it. So yeah, very, very aggressive day. You know, very, very aggressive day. Again, tomorrow, depending on the futures, the game plan will definitely change. Let me give you guys a couple of names that I do like for tomorrow. Not a lot. I don't like a lot, obviously. APT is this corona play. Watch it tomorrow. It's down, you know, it's down like 40, 50 cents up the close. Keep an eye on this tomorrow. If there is a lot of more fear, right? Keep an eye on this thing. It could go red to green. If it reclaims a 10, it can go. Lake as well is another play, although APT, I like better. Lake as well. If it starts remounting above the 1630 area, 1640, maybe goes. NET rejected several times during the last couple of days, just under that 2050 level. If it gets, you know, if it starts remounting, reclaiming the 2050 level, maybe it finally wakes up. And again, out of all the beta names that I think, if there is a washout and go tomorrow, I think if you got to look at Roku, right? I mean, I think you have to go look at Roku. It's the only one that was up on the day. And this is like two days in a row that washed out first and remounted first, watched out first and remounted first. So if there's any type of washout relief rally, I think this is the one I want to kind of watch. So again, guys, for all you guys who are thinking about joining us on the private Twitter feed again, if you want to lock in the current rates, only 40 bucks a month. If you want to lock in the current rate, please do it within the next day or so. It will double in the next couple of days, just kind of FYI. If not, tomorrow morning, I am preparing for another crazy day, very, very open-minded on both sides. But the most important part is stay patient, stay calm, stay mature, but stay solvent. Okay, guys, have a great night, everybody. I'll see you all in the field tomorrow. 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. 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