 I think we're going to enter a stalemate come Monday or Tuesday, which basically means I think there's a shot the market attempts to rally in the next day or so. Again, the overall trend is still down. 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 week, well, weekday, right? Weekday. I forgot what day it is. Monday wrap-up show. Everybody is doing well. Hope everybody had a great weekend. Hope everybody is living life, loving life, and hopefully everybody is healthy and happy. If you are brand new to the channel, if you could be so kind, like, share, subscribe, all the good stuff, right? Come along on this daily journey where we're trying to all get better, all get smarter, and the point is all become unbiased, and that's the name of the game, and that's where technical analysis comes in. So as you just saw on the preamble of the video, I always like to say the word preamble whenever I can. We started talking about after last weekends, after last week's sell-off, about 2.6% on the NASDAQ, over 2% on everything else, and now comfortably over a week below the 50-day moving average. We talked about a possibility of a dead-cat bounce happening either Monday or Tuesday. We got the dead-cat bounce today. You see NASDAQ up 1.5% led by two old favorites, NVIDIA will get to the pivots in a second, NVIDIA and Tesla. You had the S&P, you know, S&P, despite being up 0.6% was led earlier, majority of the day, it was at one point it was right on the day, it was led by energy and bank names, but nice little recovery at the end, and the diamonds on the Dow was actually down on the day, was down a little bit less than 0.1%. So really not that big of a deal, but it really does show you there isn't a big massive broad rally. It was, like we said, it was a dead-cat bounce. The question is, on all dead-cat balances, well, how long can these dead-cat balances last? If you guys remember on the weekend video, I talked about initially, well, let's see if we can get a two-day move into the five-day, and if it gets rejected off the five-day maybe it starts rolling over. We got that pretty much right at the open today. The Q's traded right to the five-day moving average, and then they sold off about two bucks. Oh, here we go again, right? I'd tell you one thing, I really will give the bulls a lot of credit. They could have easily rolled over when they hit the five-day moving average today and just played dead and just rolled over, and here we go back to the lows, but they fought back. They really did. After the initial rejection back of the five-day moving average, it went down a couple of bucks and then can it rally, right? NVIDIA never went down, Tesla never went down, Pan-W that reported earnings led a pretty good rally on all these security names, cloud names, they went higher, so you got a pretty good rally today in the NASDAQ up 200 points or 1.5 percent. Again, a million-dollar question is, can we do it again? Yeah, listen, it is one of those. Here's the 10-day moving average coming up here. This is going to be the next major hurdle for the NASDAQ, the 365-50 level. As you can see here, again, this is just one big downtrend. One day doesn't make the lows. Here comes the lows, here comes the bottom. It has to get back above through. Is it possible it could do that through a couple of days? Absolutely. Again, we're just taking it one day at a time, but the big picture, remember the big picture, all this is happening below the 50-day moving average just the way we saw every rally, here's the last time we were below the 50-day moving average before the reclaim, just like we saw a couple of day bounces below the 50-day moving average back in December, right? Back in December. We're not anywhere near out of the woods, but again, from the surface today, kudos to the bulls, and we say all the time, we don't try to project the closing prices. We're not trying to guess or make ourselves smart. We're just trying to take what the market gives us. The only question going into today's session was, was this going to be real? Matter of fact, if you look at today's Twitter feed, you kind of see, I started putting in three pivots, right? There's literally only three pivots in the day. Well, the fourth one, but Google never confirmed. You had Tesla, you had Nvidia, and you had PanW. And I was talking about, I'll start putting in more pivots as the day develops. As mentioned on the weekend update, weekend dead cat from the next couple of days, that's exactly what we started doing today. I just want to make sure for the 10 o'clock channel is to make sure that the buying is real. Last thing you want to do is, other than Nvidia and Tesla and PanW today, if you bought anything off the opening bell, remember, they pulled the cues down two bucks. If you bought anything off the open bell that didn't have a range above the previous day's channel, you'd have slaughtered. Okay. That's a fact, right? You got absolutely slaughtered. It's important to us to make sure that the buying was real, that 10 o'clock channel is confirmed, and we want to see if the bulls could continue more than a few minutes. And I've always said this, I've always said this, you know, whether it's in the webinar or in videos, whatever the case may be, it's not how many you trade, it's how many you trade properly. It's where your value is. So even though the NASDAQ went up one and a half percent, you're not trading the whole NASDAQ. If you trade the cues, you got chopped up all over the place before they finally started making highs. So it's very, very important. If you guys notice, it's literally the same stocks we trade every single day. So we know the levels. We're ahead of the levels, and all we got to do is make sure they start trading above those channels. And that was very, very important today. And today we had a couple of catalysts today and the two biggest movers, arguably in the NASDAQ 100, and they were Tesla and they were Nvidia. Like I say all the time, it's not how many you trade, it's how many you trade properly. So let's talk about it, right? Let's talk about it right from the gate here. You got Tesla. You know, Tesla, you got positive HSBC note today talking about how the price cuts were kind of going to be a platform, kind of a jumping wall point for its next quarter, the market embraced that. And after the stock goes down three weeks in a row, it really doesn't take a lot for the stock to get going. 223.60 is the supply and the pre-market highs that kind of correlated both. It needs to build over to get another move for cash flow. And I'll tell you, I was very surprised that the stock, it turned more, right? It turned more than cash flow. So here is the, you see this whole area here? Here is the highs here. 223.60, right? You see this Bollinger Band, and Tesla just took off. Absolutely took off. They were coming for the 235, 240 weeklies on Tesla again. The stock goes down three weeks, and you get any type of positivity. You get a limited daylight when it gapped up above the previous day's range, where you're going to get a move, you know, you're going to get at least a cash flow move. And this thing turned into more than a cash flow. Went from 223 all the way to, you know, 232, where it's trading right now after hours. The other one was NVIDIA. Correctly, if you heard this before, NVIDIA got upgraded with a $900 price target. Let me be the next one to say, I'm giving the video ahead of Wednesday night's earnings of a $2036 price target. I don't want to go up to 2100 because I want to be a little bit more realistic. But old jokes aside, again, it got upgraded again today, you know, and the stock exploded. You know, here we are. Here was the pivot, right? Here was the pivot. Here was my trade for the day. Here was my pivot here. Where is it? Here was 445.20, right? So 445.20 for builds above his stretch more and I was obviously joking for the 188th consecutive upgrade in the last four days. And NVIDIA just exploded. I mean, absolutely exploded. So here is, you know, here was your opening range print right here. This whole area here was the whole opening range. It got above it and just went absolutely nuts. The stock was up 9% for the day. Again, congratulations for all you guys who caught it. I mean, listen, what's not to like, right? What's not to like here? So here's the whole 126.30 for builds below can flush never got there. And this was literally the only other pivot of the day. Pan W-237 needs to build for the next spike potential. Pan W again came out with good earnings. Here was the 237, right? Here was the 237 right over here. And once it got above the 237, it went absolutely higher. So again, bulls did a great job today. When you look at the macro view of the market, so you can see here, the Keynes will not be out of the line of fire until we claim back the 50-day moving average. Is it possible today was the bottom? Who the hell knows? But if it is going to be the bottom, well, we have to reclaim back the 10-day moving average tomorrow for a potential run to the 20 and the 50. When you look at the IWM today, it's a very big lagger, right? Yeah, IWM and it really shows you there is no speculation money today, at least not a lot because the IWM was the redheaded stepchild both literally or figuratively today was red on the day, still under a lot of supply here. You have the diamonds, again, not doing anything. The Dow was actually down in the day, still continues to build day two below the 50-day moving average and the SPY. Again, I give the SPY contingent a lot of credit. You had energy and banks leading them lower, but again, they held serve and they rallied and they hit the five-day moving average. Well, let's see if they can reclaim the five-day moving average tomorrow. So again, if you are a bull, at least you're getting a little bit of a breathing space. If you are a bear, you kind of know the importance and the continuation of importance building below the 50-day moving average. Like I've been saying for the last week, even when the market had lost the 20, lost the 50, the market's not going to go straight down. Okay, even when we lost the 20-day moving average, we had several days of pretty aggressive moves up, but we ended up lower and lower and lower. Is this going to be a trend that's continuing for the next foreseeable future? We don't know if this is going to be one of those scenarios that we start reclaiming back the 10-day moving average and we start grinding back to the 20. If that's the case, we are going to be ready, right? We are going to know I have both longs and shorts ready for tomorrow and I want to see if the bulls can give us a day two or is this the one day wonder they're going to turn around, get rejected at the 10-day moving average and go red as we say all the time to be determined. We shall see, said the blind man, we shall see. Guys, God bless everybody. Stay healthy, stay happy. With God's help, I'll see you all tomorrow. Take care, everybody.