 But, you know, there is no fear right now, okay? Not yet. The fear kicks in a little bit later. Fear kicks in if we lose the 50-day moving average on the Qs. Now, why is that a big deal? Because if you remember, when we lost the 50-day moving average here, we had three, four days. 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 dot com nightly rapper show. Hope everybody is doing well. Let's talk about the market. So, down, down 300 points today. You had the S&P, the Nasdaq 100, down about a half percent, okay? Slowly, but surely, we're making our way down to levels that bulls kind of need to reset. Again, I could have easily started this, you know, started this webcast here of, well, the market's going lower. It's going to go lower. You're going to see more. That's what it's looking, right? Definitely looking that way. We're heading down to the 50-day moving average. You can see here, you know, four days in a row without, you know, putting fear monk or anything out. This is kind of the facts. You know, you have four days in a row rejected back into supply and spies are rolling over. And you can see here where we, you know, we were talking about this 141, 142 kind of soft landing here for the spies. And what you've been seeing now over the last several days is slowly, but surely a lot of groups, you know, getting weak. You start seeing now the financials, right? Financials are getting weaker as well. You've got Goldman Sachs literally about a day away from really cracking down. Now, if you look at names like Citibank, right? Just held the bottom of the range here for now. JP Morgan held the bottom of the range for now. You have casino names cracking as well. You saw the news coming out of the Mecow area. They got hit. They all got hit today. Las Vegas Sands win one by one, right? One by one. Penn got hit. Again, you have this, you have this variant. It's aggressive. Again, as much as, you know, you could be stubborn and say, look, I don't care about this. I don't care about that. It's real, right? This thing is real. People are getting sick. People are dying. And the moral of the story is these stocks are getting hit. The one group that was holding on and still holding on for now are the Nasdaq 100, right? Just for now are the QQQs. But we are a day away from, well, testing the bottom of the range. If you look at the low of yesterday and the low of today, you're pretty much within a nickel of each other. So this whole area here, this rising 20 day support is kind of a big deal going into tomorrow's session. And the one thing that we've been seeing now for about a week or so, and you can see here by illustration by the Qs itself, we're down one, two, three, four days in a row of lower highs and lower lows. That's a kind of a big deal. It's kind of mirroring the S&P. The only difference is you're not having a whole broad sell-off yet in the Nasdaq 100 names, but you're starting to see one by one, they're getting hit, little by little, they're getting hit. And the longer the spies and the longer the QQs stay below supply, well, that opens up a whole myriad of potential problems if you're playing on the long side and the long side only. Now again, is there any fear? I don't think so, right? We saw a lot of names go down. We'll get to individual pivots in a second. There's some several names to the upside as well, but there is no fear right now. Not yet. The fear kicks in a little bit later. The fear kicks in if we lose the 50 day moving average on the Qs. Now why is that a big deal? Because if you remember, when we lost the 50 day moving average here, you had three, four days of really aggressive selling and really major rug pulls in a lot of names. So the 50 day moving average is going to be kind of a big deal if we start losing the 20 day moving average here. Because again, like I said in yesterday's video in the day before, if you believe in the theory that stocks go from supply to supply, then you have to believe in the theory that stocks go from demand to demand to demand, which is ultimately the 360, the 368 area of the QQQs. Now again, like I said a couple of days ago, you're not going to get this big reaction in a lot of names because a lot of names are still way above their demand zone. But the longer we stay below supply, they're going to start catching up. And if you look at today's action, yeah, you know, you had some names that we talked about yesterday, right? We talked about yesterday that were taking out earnings lows. The first one we basically talked about was Zoom, right? We talked about Zoom. I said in last night's video, I go, look, look, you know, this is just for a trade, right? Don't you know, this isn't anything personal. But the moral of the story is when your stock blows up on earnings, and again, call it what you want. But when the stock blows up on earnings, and then it retests its earnings lows and confirms earnings low, it usually does start several days, if not a week worth of selling pressure. And today was the first day, again, we talked about this on last night's video. And now Zoom has room all the way down to this 273, maybe even 269 at the bottom of this range. A name that we talked about yesterday, right? Yesterday, Dollar Tree had exactly the same thing. The stock blew up on earnings around a little bit. And once it took out the earnings low, it's starting a three-day selling cycle. Again, it has room all the way down to 83 and change if the market continues to kind of bleed. Now, if there's any more aggression, you're going to start things, things are going to start to accelerate very, very aggressively. But then we started seeing more names getting pulled. Again, you know, look at Netflix, right? Netflix, we talked about yesterday, we talked about how important that 10-day moving averages, Netflix took out the area again. Netflix looks like a, like a beeline, right? Like it looks like a soft landing spot around the 568 area. You have names like an AMC that had a big run-up, right? Really, really big run-up. But again, I have no doubt in this fight. You know, we talked about the pivots to the upside here and the upside here. So those are nice move to the upside. But again, here it is right back to the 10-day moving average. If you guys remember how important the 10-day moving average is, all you have to do is reference Tesla. If you guys remember Tesla stocked at the 10-day moving average, the next day it broke it, right? And look what happened to the stock. If you look at AMC for tomorrow, right? Same thing, right? You have AMC, it hit the 10-day moving average the last three times, it held the 10-day moving average. But tomorrow, this thing confirms, well, it has another three, four, five dollars to the downside as well. So there's a lot more value to the downside. I mean, there goes without saying. Are there names that are pretty strong? Sure. Like Tesla, we had a pivot today on Tesla. We talked about yesterday's recovery and reclaimed the five-day moving average. Actually had a perfect run into its top of supply, which again, we'll talk about in a second. But the point is, if you look at the majority of names, they're going to be value to the short side. And again, until we test the 50-day moving average on both the spies, right? Both the spies and or the cues, right? And or the cues, you're just going to have a lot of slow bleeding days on a lot of names because a lot of names are getting rejected constantly at supply. So I'll give you a perfect example. So here is the name NVIDIA, right? NVIDIA has been getting really, really aggressive call buying for the last two weeks. Every single time there's call buyers, they keep on selling stock over and over again. So my point is, if you're getting monster call buyers 20, 25 points out of the money and you're still being sold, right? You're still being sold into supply. Well, what does that tell you where the sentiment of the market is? Again, this is just using an example. There's nothing to do personally about NVIDIA. And again, if you look at NVIDIA, it held the 20-day moving average just like the cues. Now, what happens if the cues lose the 20-day moving average, right? So what happens when the video loses the 20-day moving average? So that's kind of my point. There's a lot of names that are looking really, really heavy right now. And if the indexes really turn aggressively and start committing to some really aggressive prices down below, you're going to have individual equities follow through, well, very, very aggressively. Look at coin, right? Coin is all over the place, right? Again, maybe coin doesn't confirm tomorrow, but look at coin. You have this whole bottom channel here, right? It starts taking down the bottom channel here. There's a lot of room down like 200. Again, I don't think it's going to confirm tomorrow, but you never know, right? Look at a name like TDOC, right? TDOC, same group, same group as Zoom. Look at this long base here, guys, right? Look at this long, long base here. Look what Zoom did, right? Look what Zoom did, same group, right? To stay at home stocks. If this thing confirms, it has a lot of room down as well. And that's kind of my point. I'm just looking for a lot of names that either already underneath supply or couldn't rally in that last move of the upward bias in the market last week. And they're standing out pretty, pretty obvious. I think if you go through the NASDAQ 100, if you go through members of the SPY, you'll notice casinos, banks, and a lot of technology getting very, very weak. And the point is, if nothing is going up, as the market is gapping up, because remember, market gapped up today. As soon as the market gapped up again in the last three out of four days, they came right into it and they sold waves right back to supply and yada, yada, yada, we had a 300 point decline. So going into tomorrow, again, I would love to be wrong. I enjoy a bull market as much as everybody else, but again, there's nothing personal. Again, this is the stock market. We say this every single day, and especially for newer traders that are just in their initial learning stages and they love a good market and they love the belief of the buy the dip theory. But again, the buy the dip theory only works when stocks are above demand. When stocks are below supply, it's not buy the dip, it's sell, right? It's sell. That's the whole point. You have to know the dynamics where the market structure is as you are learning the game. And the one thing unfortunately a lot of new traders have is emotional baggage. They're very in love and lust with their stocks and they won't admit that they're technically wrong, and maybe they don't know they're technically wrong. And unfortunately, instead of sitting there being proactive and trying to pick the brain of maybe more experienced trader, they're doing everything in their power to sabotage themselves because they won't admit that they don't have a good grasp of what is going on. And it's not their fault, but the arrogance, right? The arrogance of a trader believing that their position will be okay, no matter what is going on in the market structure, that is your fault. And as soon as you let go, right? As soon as you let go of the love factor, the lust factor behind holding a position when it's technically broken, then and only then are you going to start losing the emotional side of this business and look at it for more of the structural base, more technical base, instead of having an opinion that you want versus the reality that you have. And it's very, very important. So again, everybody has an ego. Everybody believes they are right. They're smarter than everybody else. But again, guys, there's nobody smarter than the market. My opinion means nothing. Your opinion means nothing when supply gets confirmed to the upside, stocks go higher. When demand gets confirmed to the downside, stocks go lower. And it doesn't make a difference how much you believe in the company what's going to happen five years from now, five years from now is not tomorrow. And your job is to proactively, respectfully approach the market in a very humble and muted way and let price action dictate the way the market is going to go to its next point. So let's talk about today's pivots again, some longs, some shorts, some swings from yesterday are still playing themselves out. Let's talk about it going into today. Again, we talked about zoom yesterday, right? And I even said, people are so emotional about zoom. I haven't said last night's video. I go, listen, if you're if you're watching this video last night, I go, there's nothing personal. This thing confirms earnings low, it's going to start, you know, it's going to start a cycle lower. It's just it's just common sense, you know, if it takes out a catalyst play and starts building below that level, usually price action is going to follow two day potential swing earnings low for bills below can flush here with zoom, it goes lower. I think it goes lower here. So here's the whole cycle here 288 traded down to 281. This thing confirms today's price action. You still have, you know, you still have anywhere eight to $12 in the move on zoom. And if you if you believe in stocks confirming their earnings lows, they're usually a cycle multiple day cycle of selling. Good job for you guys are still in this thing. FISV 109 40109 if it builds below can flush more. You can see the majority of it was all sell bias will continue to be sell bias. So here's the 109 40109 traded down to all way to 106 and change. Hey, this thing loses this 106 area on the close. You can have a really, really aggressive move again, if if if we don't know, but definitely a nice move there on FISV Tesla, right? Big recovery yesterday. Big recovery, nice recovery 747 is this is only one of the very few upside channels 747 is 60 minutes supply. It needs to build over it. And Tesla had a nice move, right guys? Really nice. We had a $7 candle here right at the open. Here's a 747 supply, right? Here's a 747, the whole channel here supply. And again, there is no random places the stocks stop, right? Stocks go from supply and look where it stopped perfectly in the 754 level. So again, if Tesla maybe confirms back to price action, hey, maybe this will be one of the shining stars to actually go higher. But we don't have a nice pivot there. Microchip 161 needs to build. What was very impressive about microchip this morning was there was a lot of downgrades. You saw downgrades in LRCX, I believe it was a downgrade in AMAT as well. And microchip, at least for a short period of time, negated that doubt and negated the group's sell bias and you know went up about about a dollar and a half or so, nothing big. But again, it actually held up pretty well considering a lot of the games got sold. GameStop obviously got to this 209 to 10 ever. Marriott, right? We talked about Marriott last night in the video as well. 140, 75, 141 needs to build. Smooth move, right? Smooth move on Marriott. Really, really strong move. So it took out the 140, 75, 141 and traded right to the next supply zone of 142.69. This thing still looks higher. This thing can get above 143. It's going to start fitting in a pretty good gap. What's really impressive, guys, think about this. What's really impressive what Marriott did today. It's the same group as Win. It's the same group as Las Vegas Sands. It's the same group as Penn. So the fact that Marriott actually confirmed today one higher is pretty darn impressive. OCGN never confirmed here. Penn went absolutely nuts. Congratulations for you guys. If you caught it, it was way too thin for me, way too fast. I missed it. 486 needs to build. PennW got an upgrade today, multiple upgrades. So it took out 86 and put up a $10 candle. Look at this move here, right? Look at this move here off this 486. Just went nuts. Put up a $10 candle if you got a great job. I did not. Netflix again, like I said, they're coming one by one. 582 if it builds below can flush. I still think the Netflix goes lower. So here is the 582, right? It took out the 582, traded all the way down to 575. I still think there's like four or five points left in Netflix. And I believe that is, well, take on the way up. Tesla, microchip to take on the way up. Huge move. Yeah, huge move on PennW. Unfortunately, I missed it. Nice move on Marriott. Tesla, right to 754 supply. FISV take on the way down. Netflix slows on deck. Again, went down about seven from the pivot. DLTR from yesterday, right? DLTR, 89.64, earnings low for bills below, right? Multiple day decline went down under 88 today. Still looks lower for me. Again, 575, 576 on deck on Netflix. And that's it. So going into tomorrow, again, I'm so biased. I am so biased. Again, I don't mind being wrong. The market somehow starts to reclaim levels. We'll find something to buy. We'll always do. Again, Tesla's still very, very strong. But again, predominantly, I am definitely concentrating on a lot of names that are potentially losing their bottom ranges or daily ranges all already have today. Guys, have a great night. God bless and I'll see you all tomorrow.