 The one thing that you have to continue to expect is predominant action to the sell side. You're also going to have one or two days, you know, through the week, maybe three, four days through the month that you're going to have. 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 Access a Trader.com weekend update show. Hope everybody is doing well. We got an ugly, ugly nasty weather here in the Northeast. We got snow. We got sleet. We got everything, right? We got everything. Hopefully everybody stays safe. The roads are absolutely aggressive but nothing's more aggressive than the downside market and what we continue to see on a daily basis. Again, Russia stagflation, right? COVID kind of still lingering in the background, but more important is sentiment, right? And there's after effects of what happened when there's damage, right? And that's kind of my most important part. And the 200 day moving average of all you guys who've been here, even for the last two months, this is where the stage has been set. There's been technical damage and that's exactly what it's been and hopefully that you guys have been watching the videos, you know, Monday through Wednesday and on the weekends, you know, hopefully if this is your first bear market, I think a lot of you guys are probably sharing that scenario. Hopefully I put you in the right in the right mind frame, right? That's the most important part there unless you're trading oil, right? Unless you're trading oil and you know, some other sectors have been pretty pretty, you know, commodities and stuff like everything's weak, right? Everything's weak. There's no such thing as a breakout, right? There's no such thing as a breakout in a bear market for the exception of oil, which is going still going bananas and you could see by the prices at the pump, but the market's weak. The market continues to be weak and you know, people get very, very so excitable when they see an uptick in the market and then they realize that uptick, you know, maybe lasts for a couple of hours, maybe lasts for maybe a couple of days, but the overall, the overall reality is very negative. So you can see here's the 200 day moving average. We lost it and you know, here we are, you know, this is, you know, two we're going on now two and a half months of this cell cycle and unfortunately because a lot of new traders never experience a cell bias market. Maybe you've seen a week, right? Because the market's been so strong from from Obama to Trump now to Biden. You guys have never seen realistically a downside market. You know, again, I've traded two bear markets that lasted for two, three years and you know, again, nobody wants that to happen again. Like I said, I'm not a bear. Okay. I'm just a realist. You know, whatever is in front of me is my reality. Again, I would love to see a bull market. I would love to see everybody happy and fully invested and have multiple days of runners to the upside. But again, this is life, right? And we don't get what we want and the market is absolutely no different. And the most important part is to kind of level off expectations and kind of wake up to reality. And this is our reality. And if you are an active trader, we're getting some really good value on most days on the downside. Of course, you're going to have some days that the market's going to reverse and put up a move. But the overall common denominator behind every single bear market until the narrative has changed is number one, sellers are still in control. Buyers are are not giving enough, right? Giving enough credit for defending levels and those levels are going down very, very quickly. You also have a very aggressive spin cycle, which doesn't, you know, we all pray, right? We absolutely all pray that this is going to end any single day. But you got, you know, you got a lunatic. That's worth $300 billion. You know, it's an ego thing. You know, the guy went, you know, the guy went a couple of days ago, quote unquote, reached out what is 25th person in command and said, hey, you know, we're willing to talk. And this is where kind of the market, you know, had that big 7800 point day and then it gave it all back the next two days because everybody realizes he's not serious. There's nothing serious about it. So this is going to be stretched out, right? So the one thing that you have to continue to expect is predominant, predominant action to the sell side. You're also going to have one or two days, you know, through the week, maybe three, four days through the month that you're going to have aggressive upside bias. So if you are a two sided trader, you got pretty good value on both sides of the market, but especially to the downside, if you are a bull bias trader, your job is to wait, right? Because you are getting you can see it with your eyes. You are getting those updates in a bear market. Okay, so your job is to kind of wait it out, right? Being cash waited out. And if you don't trade to the short side, what choice do you have? You're going to start, you're going to start sitting there trying to pick bottoms. We know that's not going to happen, right? We know that that hasn't happened anywhere, right? Like literally, this is the second to lowest close in this whole formation here. The only thing that's lower is the low from March to the eighth and the way the market's going. You know, this is, you know, this is the area that it definitely wants to test. And ultimately this February 24th low of what was it? 318 on the Q. This is going to be a very, very big area of concentration. So far nothing has materialistically or news driven changed over the weekend. We're still high oil prices. We're still at war. There's still some traces of COVID. The mandates for masks have been removed in a lot of states, but again, still out there, right? Until it goes away, it's gone. You know, maybe then everything will go back to normal, but slowly but surely life is getting back to normal. And unfortunately right now, our reality is war. Our reality is high oil prices. That's our reality and our reality and I'm sorry if you, if you're a new trader, we're to bear market, right? That's the best way to say it. Sometimes you got to rip the Band-Aid off. You can sit there, you know, you could sit there and be nasty and cranky and make, you know, ridiculous comments. Again, who are you mad at? Right? Who are you mad at? I ain't nobody told you, you know, nobody told you to buy GameStop at 300. Nobody told you, you know, to buy Amazon at 3400, right? Nobody told you to buy, you know, Microsoft at three, you know, three and change, right? This is, this is you. So why would you possibly waste your time and aggression and emotional, you know, and emotional bullets fighting, especially on social media all things? You can't control this. We can't control this. We don't know where the market goes, right? We just, we're just making educational guesses based on technical analysis and if again, if you love technical analysis, this is, has been a really great market, right? It's been a really, really great market to the downside. As long as you are not chasing names that broke out three, four, five, eight weeks ago and start going in continuation and start looking for, continue to look for stocks that haven't hit their lows yet, but they're very, very imminent to start coiling and confirming very, very soon. So again, there's nothing, you know, there's really no reason to mix words. Again, this is the same mantra going into this week. The narrative hasn't changed, right? I'm so biased. Again, if we have a rally, right? If we have a rally at some point this week, okay, that's the market. The market doesn't go straight down, but the scoreboard is the scoreboard. The Dow and S&P, S&P lost about three percent. The Dow lost two. NASDAQ continues to fall despite this one really, really big move here. On Wednesday fell three and a half percent for the week. So going into this week, sell buys until we are not on no reason to kind of, you know, dance around that that's kind of where it is. If you've been watching this broadcast for even the last couple of months, that's kind of what it is. So you have two choices. Either be a grown-up and accept it and trade around it or even put yourself in a position that's on the sidelines from an investing point of view. That's cool, right? That's absolutely cool. Or you could be an active trader, trade both sides of the market, try to participate on both sides and every single day. Yeah, that's cool as well. But what's not cool is sitting there feeling sorry for yourself, bitching and moaning and complaining and commenting on every little thing and blah, blah, blah, blah. That's not productive. You're not going to get anywhere. And the most important part is guys, here it is, nobody cares, right? Nobody cares, right? Nobody cares what I say. Nobody cares what you say. Reality is reality. The market's either going to go up or the market's going to go down. So going into this week again, of course, I am sell bias until we have any reason, right? At least, at least, at least here, at least get above the 20-day moving average. If we can at least get above the 20-day moving average, which where we got rejected last Friday, if we could at least get above the 20-day moving average, at least we have a stand that says, hey, market looks okay, at least for a two, three-day bounce back rally. But until that happens again, sell bias. So action this week has been really good, really, really good action, you know, primarily obviously to the downside. The pivots this week have been really good Friday, which the funny thing is, and this is what's great about, this was great about the market. Like, if you guys remember, I usually don't record a Thursday video, but Wednesday I had to pick up my son from school, blah, blah, blah, so I recorded a Thursday video and I said, hey, I really don't love anything, right? You know, there's really nothing that I'm sitting here dying to do. And slowly but surely, you started seeing things turn back to the downside. And next thing you know, you had pretty damn good value to the downside. And yada, yada, yada, like I said, Friday turned out to be a pretty, pretty really strong day that's going to obviously set the table going in for Monday. So let's talk about it. I actually had some pivots lined up to the upside, right? 861, 866, big levels. We all know Tesla got no way near 861, 866, put an initial pivot on NVIDIA cash flow, set up 234, rejected 334 times, never got there as well. Rivian had crappy earnings. Rivian has been a really good trader in the last two weeks at a downside. They came out with earnings, obviously not great. They never got back down to the $36 level of pre-market lows. So that one was kind of, you know, which was a very big mystery what didn't happen there. But then you started seeing slowly but surely names one by one getting, you know, really hit a docus that did come out with earnings, 7640s, twice pre-market. If it builds below for experienced traders only. Here was Dock U, right? Here was Dock U. It took out the pre-market lows, took out the pre-market lows, traded all the way down to 71. Nice move there. Overstock was great. I forgot. I think it was Gorin who gave us the heads up. That was great. Really, thank you very much. 4875 if builds below can flush. Here was Overstock. I wasn't even, I didn't have this thing even on my radar, but look at this move here. So here is the bottom daily channel. The low here was 4875. It took out 4875. It just got absolutely crushed. There literally wasn't an uptick on this thing the whole day. Traded down to the 44s. If I still like this thing lower, if this thing confirms 44, there's a shot. It gets to 38. That thing looks lower. PSTG, I wasn't even watching. Did the PSTG do anything? I think I covered this on the night before. No, I never got to the 33 level. VRTX, congratulations for you guys who actually took VRTX to the upside. 243, 20, 233, 50 needs to build. This thing actually put up a $4 candle. Really nice move before everything replayed. So it took out this whole channel here. I think this is one of the names I talked about on Thursday's video. And it went to 47. Put up a $4, $5 move considering what the market did. It was pretty damn impressive. TDOC got absolutely smoked. 5950 if it builds below can flush. Here was TDOC, right? Took out the 5950. Traded down to 54. I still think this thing goes lower along with everything else. Boeing actually nice had a nice little pop. 183 needs to build. I said there's a shot against the 85. Here is this, right? Traded right to 85. Here's the 83 and traded right to 85 to the 10 day supply which obviously then it got rejected. But good job for all you guys who did take some Boeing GameStop, right? We talked about GameStop the night before, right? I said, hey, listen, you know, I'm sorry, the mean generation. I get it. You know, you're not leaving. We're not leaving. Blah, blah, blah. I'm not being sarcastic. I'm not. But again, guys, again, this is the most emotional group. This and was the other one. There's a couple of mean stocks. BBY and the other one was the AMC. AMC, sorry about that. Brain fart. So GameStop, we talked about it the night before 98 and 96 big levels if it builds below it can flush. Here was GameStop, right? Here's GameStop. It took out the 98, took out the 96, traded all the way down to 92. I think if the market continues to be lower, I think this thing sees 86 which is the January 24 lows. This thing looks lower as well. VRTX 247 on deck. This was definitely my trade of the day. Baidu, they started coming. You guys saw, they started coming for all the Chinese stocks. Potential, I think that the news was Potential Security Exchange Commission delisting. You had Baidu, you had Alibaba, you had JD, right? I think there's a little one there. Dada with DD, one of these little stocks but this one was awesome. The reason why this one was awesome because it was like a perfect storm. I always talk about the one thing that you want to watch, even if you're not an options trader, if they start coming, the formula for me is daily chart confirmation. And if you see, if you see nonstop, deep out-of-the-money short-term expiration, that's like almost like a double and triple confirmation. So Baidu, we started seeing Friday's expiration. They were coming for the 130, the 125s, the 120s nonstop. And this thing got just shelled. I mean, in my wildest dreams, I didn't think this is going to be the move of the day. 132, if it builds below can flush. Here was Baidu, just got absolutely shelled. Destroyed. So here was the 32, right? Here's the 32. My last was at 26. I thought 26 was a good move. And then I watched it go down another, what, eight points? Just crazy. Absolutely crazy. Great move. I mean, absolutely great move on Baidu. UPST, 107 needs to build. Held twice. I kind of screwed up the trade. I screwed up the entry. I did okay with it, but anyway, an idiot. So it took out 107. It just got absolutely, it closed at 100. If UPST loses this 100 guys, this thing loses the 100. This thing has a shot to 89. So I definitely like this thing as well going into here 129. And then it came up to 125, 126, 85, next supply, 127s and so on. So yeah, that's it. I mean, that's basically it's going into going into tomorrow, a Monday. Excuse me. I'm definitely, definitely sell biased as well. Let me give you guys a couple of names that I definitely like. Draft Kings. And again, everything looks lower, but look at this channel here on draft Kings. This thing looks lower. Game stop. We mentioned before that looks terrible. Checkpoint, right? Checkpoint. Look at, look at checkpoint. Lowest close after this whole rise here. If this thing starts getting below Friday's channels, look at the 10 points in this thing as well. You got DOCS. DOCS looks really, really good as well. Look at this channel here, right? Beautiful, beautiful channel held now twice. If this thing starts confirming we have room all the way down to 37. And look at Adobe, right? Adobe looks pretty good as well. As you can see here, it's right at the bottom of the February 24th channel. And if this thing confirms, it goes lower as well. So guys, have a great weekend, everybody. God bless. Stay safe. Stay warm. But the most important thing is stay healthy. Guys, God bless. I'll see you all in a minute.