 It was a ghost town after two hours. And once we get to about Wednesday, you're gonna see people, especially in the Northeast here, you're gonna see people go to the Hamptons in the North. 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 okay. Hope everybody a great day. One thing I forgot, it totally escaped my mind. When I recorded the video last, well actually it was on Saturday, over the weekend video, I totally forgot this week is going to be Moral Day weekend, right? Moral Day weekend is next weekend. And although the market is open all week, right? Including Friday, this is going to be, you know, this is gonna be like a pre-holiday week. When you see 4th of July, Moral Day, Labor Day, Thanksgiving, Christmas, you're always going to have the element of active market participants kind of disappearing. And you kind of really saw that firsthand today right from the word go. Number one, we want to welcome back, right? Take us, you know, take a step to put your hands together, welcome back the banks, right? Welcome back the banks, and welcome back Zoom from dead. I didn't know Zoom was even trading, but you know, hell, we'll talk about that in a second. So look, the market today, there wasn't a lot of value, right? When you look at the scoreboard, it looks fine. The Dow is up 2% today. All these brokers woke up, you know, Jamie Diamond had some positive things to say. You've got some rising rates, this, that, and that. You know, they make their appearance like three times a year. When you look at a chart, like for example, like Goldman Sachs, it's like, does anybody even trade these things? I didn't see people invest, but did anybody trade these things anymore? JP Morgan, these stocks are just so dead. Citibank, can you feel with a landscape of rising rates, these things will have these really magnificent runs, but they don't, they literally wake up like, you know, two, three times a year. And, you know, when you look up on the scoreboard to say, you see the Dow up 2%, you're like, wow, this must have been a crazy run. Not even close, not even close. The morning got faded right away, especially with technology. Amazon was weak the whole day, Tesla was weak the whole day. You had such a nicks back today. You had TTD down, Roku down, you had RBLX down, you had Rivian down, and you had, you know, some names up $2, $3. Microsoft was pretty strong today. Facebook right now, I don't see the news, but Facebook is just tanking after the close. What the hell just happened here? What the heck, hang on, give me a second, give me a second. Let's see if this is real. I think it is real. Yeah, it's real. Facebook is down eight bucks after the close. I gotta see what that is. So that's gonna change the dynamics of what I'm saying or about to say very, very quickly. But it didn't feel, right? It didn't have that aura. And number one, when you put 30 Dow stocks, and that's all it is. Again, if you ask Main Street America what the market did today, you know, they could turn around and say, well, the market was up, the market was up 2%. Yeah, the 30 stocks were up 2%. Everything else was kind of a mixed bag, and that's kind of what we talked about on the video over the weekend. The days that you're gonna have half the stocks red, half the stocks green, they're always going to be the hardest days because, again, you're trying to figure out, you're trying to guess, are one portion of the technology name is going to bring up the others, or the stocks that are weak gonna bring down the ones that are strong. And again, that's what kind of day it was. You know, we had a couple of opportunities. We'll get to the pivots in a second. Amazon was pretty good. Tesla, despite being on SSR, was pretty good. And then you had some names that are just kind of going sideways as well. So I don't think anything was resolved. I know a bunch of my buddies are taking this week off. I have some construction going on in my backyard so I can't really get away this weekend. But a lot of people are taking off, because think about it, we've been in a bear market for five months. A lot of people are just mentally shot, right? They're so, so tired. So they're looking for any excuse to leave early. And if you trade it today, if you will actively trade it today, in the first part of the day, the market volume died out within probably the first two hours. Like it was a ghost town after two hours. And once we get to about Wednesday, you're gonna see people, especially in the Northeast here, you're gonna see people going to the Hamptons, to the shore, wherever people are summering, and it's gonna be really, really tight. So if you guys go back to the last couple of holidays, let's even go back to the week of Thanksgiving, right? The week of Thanksgiving was incredibly slow. Yeah, there was some opportunities to take some here, take some there. But I think going into tomorrow, going into Wednesday and Thursday, and especially if you're trading on Friday, it's gonna be a ghost town. But I think you just have to, you have to kind of rewire yourself for the week, understand if you're getting very limited institutional participation. And that's what we got today. If you look at the options market today, it was like none of, it was just not there. There was no price action. There was no hints of where the market wants to go. Again, of course, we're still sell buys. That's obvious. Again, the market pops and has this runs into supply and then it rolls over, we'll get to the levels in a second. But I think you have to treat this week as not trying to reinvent the wheel. You have to be a little bit more creative. You have to be a little bit more patient. But the most important part is you have to be solvent and that's the key. You have to wait for that slow pitch. And we always concentrate on the premium days, right? All these premium sessions, that's where you wanna get the most aggressive. But the most important part is you have to get to that premium session. And today, yeah, again, there was definitely some opportunities. But the most important part is it is acting and starting acting like a long holiday weekend, which it is. But I'm telling you, a lot of people are gonna start taking the rest of the week off. And again, when that happens, think about what happens when you don't have the institutional money flow coming into the options market, both long and short, doesn't make a difference. If there's no money bet, what's gonna happen, right? The channels are not gonna expand. The channels are gonna contract. And when you saw the action today, especially in technology, you'll see. You see a really, you'll see a pretty obvious mix bag of what happened. And then Facebook is, by the time you guys see this video, I'm gonna know what the news on Facebook is. I just don't wanna cut the video just to look at the news, but Facebook is down, it's down 10 after the close. It's taking down everything with it. So what I was going to say, going into tomorrow was, well, let's see if the bulls can squeeze out another, you know, another late day or kind of a rally, low volume rally into tomorrow. But now you look up and everything is getting hit after the close right now, right? And Facebook, whatever this news is, is hitting Apple, is hitting Microsoft, is hitting Amazon right now all across the board. They are down, I'm dying to know what this news is. But the most important part is now, we don't have to guess is the market gonna follow through? And again, if the market does follow through, it has to get above this 295 level that we covered on the weekend video. But now, if whatever this Facebook news is, again, the worst tonight is definitely the worst update ever, considering I don't know what the news is. But the point is, I don't even care what the news is, if they start taking down the bottom channels again, this will be a situation that it could be very, very beneficial to us. Again, remember, you only need one, right? You only need something aggressive. And Zoom came out with earnings. And again, it's very tough for me to turn around and go, they beat earnings, right? I mean, again, the bar was set so low for Zoom, right? Zoom and Netflix and all these stocks that quote unquote, beat earnings and Facebook that beat earnings. They're like, again, the lowest possible denominator of strength for these stocks. At one point they jump Zoom up 20% after the close. Now it's up like 6%. Let's see if these goals, they'll say that even this thing even holds. But more important is now that Facebook is taking down a bunch of stocks and tomorrow, now we got some bottom channels that we possibly could take advantage of. I listen, this whole update was a completely different five minutes ago before I saw this candle, before this candle on Facebook. And now, based on what we've seen now, technology and how weak it is after one day of rallying, maybe we go right back down in, like we're supposed to be doing of all these days that their strength followed by the next day of weakness. So now, again, forget about the long side. I'm looking back to the short side today for tomorrow. Let's watch, right? Let's definitely watch. Tesla's been, was weak all day, try to muster a rally towards the end of the day, which is cool, but again, you can see it. These are all days of lower highs, right? Lower highs, lower highs, lower highs, right? Even today, it had a nice little sneaky pivot gave us a little bit of cash flow. But I think going to tomorrow, based on what I'm seeing in technology tomorrow, I think we could probably get a pretty decent day. It's actually a lot better than closing near these middle levels and trying to see what we could find to the upside. So tomorrow, try to be a little more patient for the rest of the week. Don't get too aggressive. You don't need to swing any type of size just because again, like I said, the majority of institutional money flows they're probably slowly but surely get out the door, hit East Hampton, Sag Harbor, Bridge Hampton, everybody's been gone, right? Everybody's been gone. Because again, all that people need is a reason to leave early and that's the point. People are in, you need institutional money flow to push these stocks around. And if there's nobody there, there's nobody there to defend these prices. And hence why, again, when you have low volume holiday driven weeks, people get very, very frustrated and chop themselves up because there is no direction, right? There is no direction because there is no reason to put the strength or weakness into play because there's not gonna be anybody there to defend prices. So let's talk about today, a very slow day, very, very slow day. Was there a couple of pivots that did well? Yeah, yeah, look, I mean, Tesla was fine. Spot, I said, in case we rally 109 needs to build, never came close. Tesla for experienced traders only. It's on SSR today, which is short sale restriction. So you can't hit bids 650, 649 if it builds below, could possibly see Friday's low. Not a bad move at all considering it was on SSR. Here's the 650 pivot, right? This whole area here, this whole 60, 50 pivot, it went down about 10, 12 points. Not a bad move at all considering. Then it kind of woke up a little bit. But again, the value was very, very low today. You'll see this, if you read this up here, you'll see exactly what I'm talking about. UPSC had a nice move on Friday. Watched that $40 move, obviously never got there. And I said, not a lot of value today. Could be a very slow inside day. I think we all understand the importance of getting that premium day and sitting out the contraction days. I'll put pivots in as they play out. Again, not a value. NVIDIA got down to 62 and held, swung right back. AMC guys, keep an eye on AMC. I kind of like this thing. Usually it's not my cup of choice. But again, beggars can't be choosers. I saw last Friday some $9 puts being traded, some short-term $9 puts. Yeah, I'm gonna watch the bottom of the channel here. It didn't rally the whole day. That's the whole point. Not that this is the salt of the earth to begin with, but if it doesn't rally, when the market's up 2%, then NASDAQ's up 1.6%. Well, what happens if it gets down below this low? So usually this is not my thing, but I'm gonna watch it tomorrow, right? If this thing gets below this channel here, who knows, maybe it goes under 10. So let's keep an eye on that. But so far it hasn't contracted. It actually traded down to 638, it says 63. This was definitely the move of the day. Nice move on Amazon, 2142. It builds below, can flush. Went down 60 points and it was really nice. I mean, that's basically what saved the whole day. So here was Amazon. Here's this whole sneaky pivot here, right here below this 2142 level. Look at this candle here. It's $60, $70 drop. Really, really nice move on Amazon. Yeah, 2115 next stop, 2100 next stop. It broke 2100, went down to 2079. Square held 79 again. I think that was it. I think that was it for the day. Yeah, I said, look, nice and calm. Just pick our spots. We'll be looking like this the day ahead in Memorial Day. Keep taking flow and use break even on all runners. I mean, again, it's gonna be slow. It's gonna be very, very slow. As we're talking right now, Facebook is getting manslaughtered. Zoom is only up like 4, 5% now. Everything's coming in. So yeah, everything we talked about today for a possible second day run or a light volume drift for tomorrow. I mean, that might be off the table before this video is even done. So that's it guys. Nothing crazy. We're not trying to reinvent the wheel. Just try to be professional. Remember, it doesn't make a difference. The market could be up 2000 points. If you're not getting value, that means there's no value to be gotten. Guys, have a great night. God bless and I will see you all tomorrow. Take care.