 This is the first close now below the five day moving average since we closed right over here, okay? Right over here, and the next series of events, what happened? 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 Monday edition of the Access a Trader dot com nightly wrap up show. Hope everybody is doing well. Hope everybody had a good day of trading. Definitely some pretty good value out there, but let's kind of rewind 24 hours ago when we started talking about on the weekend update. This is kind of very, very important and it's gonna set the stage for tomorrow's session. So we talked about, forget about what happened today. We saw a nice little sell-off today on all the indexes. We talked about this last night in the video. The last couple of times we hit the 20 day supply, we rolled over and went lower. Yesterday, excuse me, Friday and Thursday, back to back days, hitting the 20 day supply, lower highs, lower lows off the 20 day supply. And the question going into today's session was, as we talked about last night's video, there was a lot of names that actually looked pretty good, right? We talked about this last night in the video. NET looked really, really good. Even names like a Google, right? Like a Google who's sitting over the 50 day moving average looked really, really good. It actually put up a pretty decent move before the sell-off. Same thing with Apple. Apple was sitting there on the 20 day supply. So there was definitely some names that looked pretty good. The AFRMs of the world, right? AFRMs of the world before it kind of sold off. But the most important part, kind of going into today's trading session was, the names that were mirroring the cues that got stuffed back to back days, were they able to reclaim supply or were the bears, well, taking control after a pretty good dead cat bounce? And again, this is all it was, guys. Remember, it's super important. We talked about this last night in the video. It's super important to understand what this is and what this isn't. We are below the 50 day moving average, okay? There are no breakouts. There's a lot of individual, I wouldn't say a lot, but there was definitely a handful of individual names that looked pretty good and never sold off, right? The AFRMs of the world, the UPSTs, the Netflix's of the world, the Tess's of the world, right? They'd kind of sold off today towards the end of the day. But the most important part was, can the bulls stay above the five day and the 10 day moving average? And if you look at the close today, okay? You can literally almost think of, you know, think of what I'm about to say next. Tonight's video is basically like last night's video, right? If you guys remember last night's video, I said, look, you wanna be ready on both sides, right? Yeah, there's some longs that look pretty good. There's some shorts that look pretty good. Tonight's video just eliminate the longs, okay? And this is very, very important to understand that. This is the first close now below the five day moving average since we closed right over here, okay? Right over here and the next series of events, what happened going into the next business day, right? Was one, two, three, four, five, six, seven days in a row below the five day moving average. And we had a pretty aggressive sell off going from 370 all the way down to 350 in a matter of a week, okay? And again, nobody's calling for Armageddon tomorrow. But again, if you believe in the theory that supply and demand works and stocks go from supply to supply, then you have to remember that the opposite, stocks go from demand and all the way back to demand. So we have a lot of names tonight that closed below the five day moving average. For all you guys who are joining us here, the first time around, the five day represents the shortest term sentiment, right? That's the shortest term sentiment. And today, the cues close not only below the five day, which is the shortest term sentiment, they close below the 10 day, which is the birth of the trade to the upside. That means it's the birth of the trade to the downside. And if you go through a bunch of charts tonight, and again, I always really encourage, especially newer traders, I don't care how talented you are, how talented you think you are, you gotta put in your research every single night. You can't wake up five minutes to the bell and say, well, what's on the hot stock list? It doesn't work that way. We don't chase hot stocks. We look for technical analysis that makes the stocks hot, right? That's the whole point of confirming technical levels on an organic basis. And if you go through your charts tonight, and it's not gonna take you a lot of time, all you have to do is go through the NASDAQ 100 and you'll see the same exact setup for majority of the names. Look at the video, right? The video closed right at the five day moving average. Look at Amazon, right? Close right below the five day moving average. Look at Apple. Close right at the five day moving average. You see a theme happening here? Look at Square. We covered Square on last night's video. Look what happened to Square. Destroyed when right below the five day moving average got destroyed. This thing has room all the way back down. So there's gonna be a lot of names that look exactly the same. Look at a microchip, right? We covered microchip on last night's video. Closed below the five day, took out this whole channel and now it looks like next leg down. So there's a lot of value tomorrow to the downside. It's gonna be very, very tough to kind of get a, to try to squeeze water out of a rock and a lot of these charts, a lot of these upside charts. Look, is there some charts that look okay, right? You know, this BROS looks okay to the upside if it could confirm today's channel, but the value, the absolute value is look at technology, look at the semiconductors, look at the software makers, look at anything to do with the components of the NASDAQ 100 and you will see really, really good value tomorrow to the upside, excuse me, to the downside. So if you look at today's session, it kind of played out what we talked about in the last line of the video. You would long, there were some longs, but mostly there were some shorts and the way the market closed today really confirmed at least on paper what tomorrow potentially could bring. Now again, remember, we're not guessing what's gonna happen tomorrow. So we still have to wait for confirmation but based on tonight's research and based on just basic technical analysis of stocks either closing below the five day or at the five day, if they confirm for tomorrow it's not really a subject of technical discussion with somebody else. These things if they confirm, again, if you believe in supply and supply then you have to believe into demand and demand. So let's talk about, as you can possibly imagine and pretty much sell bias for tomorrow, I would love to see a gap up in the market tomorrow only because if these stocks get rejected into supply and they start rolling over green to red they'll have a really good clear value of what potentially could happen tomorrow through today's ranges. So let's talk about today's pivots again. We talked about a lot of names on the weekend video and they confirmed, you know, they confirmed pretty well and gave pretty good moves. We talked about this four, it was one of the stocks in the last line of the video. I said I have no idea what they are but this was the first close below the weekly trend line. And you know, 73.50, 73, if it builds below can flush. Here was F-O-U-R, right? Here was F-O-U-R, it took out this whole 74, 73 channel close right at the lows at $68 just got absolutely destroyed, congratulations for you guys who caught that. NET, right? It was one of the very few to the upside candidates but NET on Friday, 137 rejected, went to 140 and today 140 needs to confirm for the next leg up and here was NET, great move. I mean, really, really great move. This thing is in its own bull market, took out the 140 and traded right into supply at 146. I mean, what a monster, incredible stud of NET Boeing. We talked about Boeing in the last line of the video. 230 needs to build. The coolest part about it is when option flow, correlates into a daily chart confirmation, it's usually all systems going and did exactly what we talked about, it took out the 230 and traded right into supply here at 232. Remember, for the exception of like an NET, you're not gonna have many really good looking charts and obviously the Dow is going to be sensitive on any type of volatility, especially in the diamonds but a nice little pop there, 230, I mean, not even, didn't even have a, it didn't even have a downtick from this move here with 230, I mean, really, really good move on Boeing. Draft Kings, I still like, never got to 4750. Tesla, nice pop on Tesla, 797 went about 802. It's still having problems. That's why I kind of want to watch both sides. TDOC didn't do much, it kind of died on a vine. I was watching that 133 level, traded up to like 133 in 30s and then just kind of reverse course did absolutely nothing. Microchip, we talked about in the last night's video, 145 held three times if it builds below, can flush. Here was Microchip, right, MCHP, right here was Microchip, took out the 145 held three times, closed at the lows here at 143. 80, I still like this thing for more downside tomorrow. Square got demolished, absolutely demolished. 238 five day support, if it builds below, can flush. We talked about in the webinar, it could get down to the 233 level, it traded down to 232, this thing still looks lower. Just got me, look at the move here in the afternoon. Just once it started taking apart this whole 237 level, look at this thing, just absolutely destroyed here, trading 232 after hours. Roku never got above here. NET take on the way up, FUR just getting destroyed, absolutely destroyed, went down to 68. Boeing, they were coming in for the 32 and a half's 35s. Again, the option flow dictated the underlining security. 145 is actually traded down to 146. Square, 238, we were talking about the 235 pre-market lows traded all the way down to 232. FUR again, 68, here comes, I set a punches chance at 233, traded down to 232. So we're set up for tomorrow. Sometimes again, you have to collect a lot of data. I was already pretty much sell buys going into today's session, just because the sequence of events that happen around the 20 day moving average, excuse me, I'm wrong symbol, on the QQQs. Again, here's your point of reference here. Two days in a row stuffed on the 20 day sold off. Here was the two days in a row stuffed on the 20 day today sold off and we closed below the five days. So again, if we have a gap up tomorrow, I am looking for a lot of these stocks to get stuffed into supply and then sell off, go green to red, breaking today's channels or if we gap down, we're obviously gonna watch opening range lows. So guys, have a great night everybody. Good job today and with God's help, I'll see you all tomorrow. Take care guys, have a great day.