 It's not a chop factor. Stocks are just literally in the middle of the ranges, so now we're kind of forced to look at other areas. And there was some pretty good areas in the market today for some strength. Again, a lot of things. 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 guys, good evening everybody. Welcome to another edition of the Access to Trader.com nightly wrap up show. Hope everybody is doing well. What a difference a day makes. Let me tell you guys a quick story. So yesterday, if you watched the video, I was completely off. I was just literally missing every bounce spot on Tesla, just really frustrating day. And the big thing for me going into today's session was, as we talked about in the video last night, any dips, literally any dips, I thought they were gonna be bought, I thought any dip is gonna get bought, especially in the morning. And there's a high probability it's gonna go right to green. And 5.30 in this morning, I have a poodle, I have a pretty damn big poodle. She's about 75 pounds, big, big girl. And she jumped off the bed around 5.30 in the morning, literally 5.30 in the morning. And so I woke up, I woke up 5.30 in the morning, not to be x-rayed or anything, but I went to pee, right? I went to pee and just like every other human being, I said, you know, I looked at the futures, I go off, the futures are up. Well, how much does Tesla, 30, 40? So I look and Tesla's down six. So I go, oh my God, this thing's gonna go right to green. Definitely is gonna go right to green. So I run into my office, I turn on the computer and I just wait. And you can see what time this was. At 5.46 in the morning, I go guys, watch red to green for experienced traders, 12, oh, excuse me, a big number. Obviously we're gonna watch that 12, 10 area, which was last night's high. And not only did it go red to green twice for eight to 10 points, but every dip today, literally in the morning on the rising 60 minute support got bought and it went green again. And then eventually they stalled it off and then there was another bounce off the 1140s area. So which basically comes to my point, which we talked about last night in the video. You're gonna have days, you're a human being, right? You're gonna have days that you're just off. And this is kind of an important part of kind of, Tyra Ribbon about yesterday's conversation, but you're gonna have days that you're off, right? And instead of trying to squeeze and be depressed and be angry about it, just let it go, right? Just let it go. The market is always going to make you whole, right? As long as you don't do anything really silly and prostitute your money and burn mental capital on days that you just can't get going, we're just kind of missing the ball on everything. It's okay, right? It's okay, like we talked about yesterday and today the value came ridiculous balances today in Tesla, red to green twice in Tesla. And not only that, we saw an incredibly, an absolute incredible liquidation on a lot of technology names. And what was crazy about today's market and we talked about in the webinar, I haven't seen something like this in a very, very long time. Five years ago, forget about going back to 23 years. Five years ago, if a stock, right? Or a market, or in this case an ETF, just like the Q's, reclaim the five-day moving average, that is the most bullish thing you could possibly have. It's very, very rare, okay? It's very, very rare that the next day you're gonna have this crazy tremendous liquidation. And if you told me last night that, hey, by the way, in the last night we talked about some names that I definitely liked on the downside, names like Moderna, names like AMC, right? Names like AMC, and we'll get to the pivots in a second. But if you told me last night that, hey, by the way, today we're going to reclaim the five-day moving average on the Q's, and oh, by the way, the next day, we're gonna test the 50-day moving average, I would say, yo, you got some, you know, you got some more of that stuff that you're smoking, it usually doesn't happen. It very rarely happens, but hey, guess what? This is the new market, right? This is the new market, there's new technology, there's different rules. And what we saw today was incredibly aggressive, and it felt like to me that some fund had to liquidate today. And the reason why I say that, if you look at a lot of names, especially your favorite stocks, I don't care what your favorite stocks are, but if you look at your favorite stocks in the technology space, they have one common denominator over and over and over today, it's that big liquidation candle. And look at names, for example, this is all on one candle, guys, right? Look at the names today, look what happened today on Amazon. Look at what happened today on NVIDIA. This is a normal, okay? It feels like there was a big fund that had whatever the case may be, they had redemptions, they had a liquidate, whatever the case may be, we're not gonna know, maybe we will down the road, but it felt like every name today just got absolutely destroyed, right? You had NVIDIA, complete destruction, CRM. Look at me, look what happened to CRM. They're favorite names, it doesn't make a difference what growth story you talked about, it had exactly the same name. Even Tesla, right? Even Tesla that held up really, really well today, considering, and again, somebody's gonna turn around, so how can you say it held up really, really well today? Yes, it was up 150 points. It gave back a third today, and today you saw a really big call buying coming in on every single dip. And they weren't just coming in for 10, 15 grand, they were coming in for the 1200 to 1250 weeklies, $400,000 or $500,000 Eclipse, and there was a really aggressive buying. But again, even Tesla got really, really hit, right? This is one after another after another, even the one that held up the strongest, Apple, right? And again, these are bad ticks on eSignal, but you see these really, really big aggressive moves. So we don't know what today was, but again, just by looking at the action and seeing how some of these names were getting rejected and really, really aggressively, I wouldn't be shocked if we heard a story a week from now, two weeks from now, that some fund had to liquidate whatever the case may be, saw rejections, whatever the case may be, I wouldn't be shocked because what we saw today was bids being hit, especially in the video. We saw in the video, they were coming in when the video started turning around and hit the 50 day moving average. And we talked about that a couple of days ago. It took out the 50 day moving average and it didn't take it out on a little bit of volume. It took out the 50 day moving average and it was selling of waves, man. We're talking about from 293 to 283 in a matter of 20, 30 minutes, so very, very aggressive. The ironic part about all the stuff that was going on with this big selling, the Dow was still super duper strong. You would never know the market was down today, but it was. I trade technology, so yeah, the market for me was down. And when you look at the pivots, and we'll get to the pivots in a second, you can see how aggressive the moves were. But when you look at what drove the market today, quote unquote, the Dow Jones industrials were, you're talking about oils, right? And you're talking about financials. Look at these moves on financials, Goldman Sachs, JP Morgan, right? JP Morgan, even Citibank, that just never gets an uptick. The great part about this is, yeah, they're moving up on a potential moves, potential interest rate moves, but the problem is these things are one hit wonders. For every one day that financials are strong, you never hear from them for the next 20, 30 weeks. It's just the most frustrating group considering the Fed is really setting up for them, allegedly, to start raising rates. So obviously, that will be a very, very important part going into a tomorrow session to see if these things can follow through. But the craziest part what we saw today, and again, if you go on my regular Twitter account, you'll kind of see it. Hey, let me actually, let me just show you guys really, really quickly. How big the bounce was on the cues towards the end of the day, right? So if you look at the last thing we talked about, let me just show you really quickly. The last thing we talked about was, I go, look, there's the bounce, here's the bounce, right? Here's the bounce we talked about, this 393.20s area, that's the 50 day moving average. And you could see how aggressively this bounce was, right? You could see how the cues were, they bounced right off. We talked about a three and a half point bounce going into the close. The problem with that, right? That the absolute problem with that closes everything that was setting up, or predominantly a lot of names that were setting up for tomorrow to the downside, right? They bounced three, four, five, $7 off the bottom. So going into tomorrow session, it's gonna be a little bit tough, right? It's not gonna be a session that you're turning around and saying, well, this one looks great, that one looks great, this one's about to break down, that one's about to break down. No, the great part about trading now is you're picking your spots. So after you had a really good value day today, and again, we'll get to the pivots in a second, tomorrow now we have the luxury to kind of wait and pick our spots, because now everything's literally in the middle of the range and that's very, very important to understand that. So tomorrow, you're not gonna, 20 minutes before I left, we were looking at the bottom of the channel here on Amazon, Amazon bounced $30 off the lows. Now this thing is $50 away from the bottom of the range. A name for example, for example, we were watching NVIDIA, right? For tomorrow's downside, this thing bounced 10 off the pivot. So you're gonna be very, very, a lot of you guys are gonna be very frustrated tomorrow. A lot of you guys are gonna use the word chop factor. It's not a chop factor. Stocks are just literally in the middle of the ranges. So now we're kind of forced to look at other areas. And there was some pretty good areas in the market today for some strength. Again, a lot of names maybe not your cup of tea might not be my cup of tea, but a lot of times, okay, beggars can't be choosers. So look at a name for example, like Caterpillar, right? Right, look at that Caterpillar. Caterpillar, monster, monster move above the range here. Again, is this a possible day two runner? Absolutely, you know, keep an eye on this thing, either a dip into rising support or above today's channel, that looks good. A stock like Citrix System, right? Had a good move a couple of days ago, right? Took out this little flag here. You know, it does have range, right? It does have range back to the upside. Even look at an oil name like CPE. Again, right, not the traditional names that we look at every single day that we talk about, but these are real setups. These are names that got above the ranges, got above the 50 day moving average. And if you're not in the business of technology tomorrow, whether to the long side or to the short side, at least you have alternative names that are again, really, and they're valid. Again, they're gonna turn into a Tesla, probably not. But the point is they're real players, they're real charts, and if they do confirm, you should have mirror images of what technology does, just a lot slower. So going into tomorrow, be a little delta neutral. Also a name I like to the downside tomorrow is CarMax, broke down today. Maybe if it starts breaking down below today's channel as well. CRM, first closed today, first closed today below, first closed today below the earnings lows. I want to keep an eye on this thing below today's channel tomorrow for possible continuation. So it's very, very important to kind of pick spots tomorrow, see where you fit in. But the greatest part is, because we had such good value today, you don't have to go crazy tomorrow. You could pick and choose and relax, and if you don't want to trade tomorrow, guess what? You don't have to, and that's the most important part. So let's talk about today's pivots. Again, really, really aggressive stuff here. We'll talk about this in a second. Let me get to the private feed. Okay, let me get to the private feed. So yeah, I woke up really, really early this morning, right? Really, really early. We started talking about different channels here. Again, the first thing I talked about was a 545 in the morning. I go, hey, man, watch this red to green. It was down like three, four bucks. All of a sudden, you saw volume come in. They took it to roughly around that 10, 8, 10, 10 level. Why was that important? Because that was last night's high, okay? And that was really, really important. And the second time, it dipped. And we'll get to that in a second. The second time, there was a pivot, there was a bounce area where we talked about last night buying to rising 60-minute support, and then it went red again, going up another $20, $25. So there was a lot of really good value today on Tesla. So everything yesterday, it was so frustrated. I go, I can't believe everything. We got that back today, right? I got that back today, and I was very, very pleased with the results. As you can see here, let's go. Basically, the stock started exploding back to highs, and this is the area. I go, now we need to see, right? Now we need to see that 12, 10 area again, and that will be a big, big number going forward. And let's talk about some other names, right? Let's talk about some other names. Really, really great action there. Obviously, 307 on the video never got there. It got liquidated very, very aggressively. We talked about AMC last night. They started coming for the $23 and $22 short-term puts. Keep an eye on that for more selling. But 2640, if it builds below, can flush. Nice move on AMC. I think it goes lower, right? So here was the 2640. Went down all the way down to 2464. I think this thing still has a date with $23 before it gets a soft landing. Coin, we talked about coin last night. 250, if it builds below, can flush. I thought it was gonna get down to that 245 level. Got down to 244. So here's, we talked about this channel for a number of days, got down right to this 245, 244 level on coin. Apple, beautiful balance initially on Apple. I took that 81.50s balance. It went about that 75 cents or so, came back in, stopped me out, right? Took some profits on the way up, stopped me out, then went right to 83. This is 83, is me a big number going forward in the name. But nice, you know, pretty decent cash flow. Lucid, we talked about 41.80, 42, never got there. Uber never got to the 44.50 area. Amazon, again, we watch it through the upside, never got there. Here's Moderna, right? 231, if it builds below, can flush, right? MRNA. So it took out the 231 level, went to 225. Had a nice little reversal back up. AMD obviously didn't confirm to the upside. Nice move on Boeing. So the 209 was the pivot on Boeing yesterday. 211 meets a new base for the 213 push. Here was Boeing. Again, part of the Dow obviously. So it took out the 211, here was the push to the 213, actually traded at 214.50. Let's see what else, what else. Take on the way down, AMC, perfect balance. Take on the way down, could see 226, so 225. Coin, 245, next stop, obviously, that was a perfect move as well. So again, frustration in this business is very, very easy to fall for. I think the most important part is, take every day in phase value. You're gonna have days, you're gonna get everything. You're gonna have days that you're gonna miss everything. Eventually, the universe balances out. Guys, God bless, have a great day. Stay patient tomorrow. It might be a little bit more of a methodical day to kind of picking up spots, but the most important part is, we know we're up against, there should be no surprises. And the most important part is, take what the market gives you. Guys, God bless, and I will see you all tomorrow.