 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 theaccessotrader.com nightly wrap up show. Hope everybody is doing well. Crazy trading day. We'll get to that in a second. Before we get started again, we always, like always, we always appreciate everybody's comments and feedback, and we love to hear individual trading stories, whether you are trading the PS60 theory or your own journey. I think it's really, really cool to listen to everybody's trading journey, everybody's individual, and everybody has their own kind of road to travel. But if you are new to the channel, like, subscribe, share, and we will continue to give us, to give you guys as much as unbiased content we can possibly get to before we get to, before we get to the overall market. Obviously, last night, we talked about the cues. Usually, I wouldn't give specific, specific levels, but I gave the price action in the cues. I gave the price action in the spies. Bulls could not hold on to those levels. We'll get hit. We'll get to that in a second. What we're looking right now is Tesla. Remember when we talked about Tesla last night? I thought there was going to be a scenario that probably sell into the event. And look, all these events are kind of playing out the same way. If you guys remember Battery Day, I do, like I mentioned a couple of videos ago. I was like $13 on Battery Day a couple of years ago. So I know what it means like, what it means sell into the event. AI, I believe the AI event was last year. It was a good event, not for shareholders aboard into it, but for the sell the news crowd. And here we are again. So I'm not listening to the conference call. It does not make a difference what the investor's day are saying. Right price action is everything right now, Tesla. And again, by the time you see this video, maybe Elon Musk says something fantastic and the stock is at 210. I have no idea. Okay. We're not trying to guess tomorrow's closing prices. We're just trying to, again, every single day, taking the data from the night before, which is the close day and make a feasibility study of what we think is going to happen for tomorrow's session. But right now, Tesla is not acting well after hours. Again, really doesn't make a difference what he is saying. After hours though, you do have some names that are doing well. Some mixed results. You've got Salesforce up about 13%. You've got OKTA, right? Having a really nice session up 10%. But the opposite of CRM, the software names, you've got Splunk, right, who is not having a great time down 5% and you have Snow on earnings as well down 6.5%. So it definitely a mixed bag here in the software space. And the leader of the software space, and I kind of want to talk about that right now is Microsoft, right? Microsoft has gone through a really, really bad cycle, right? Really all the levels that we talked about, 297, 293 on the cues, everything that violated and now Microsoft's on the 50-day moving average. We all know what happens, right? This is what happens when you lose the 50-day moving average, right? Here's what happens when you lose the 50-day moving average. So tomorrow, Microsoft confirms the 50-day, it could get really, really ugly, but more important just on Microsoft, right? Look at the whole market in general. So last night, I did the whole video we talked about, watch 293, 293, 293, 293, 293, 293, 293, 293, right? Watch the 293 at all twice and today it took out that 293. We talked about the possibility of going down to the 290 levels of the moving average. That's exactly what happened. This becomes a super important area, guys. Again, if you didn't listen to the 297, you didn't listen to the 293, just trust me. Or you're a trader, but you're a long-bias trader, you're going to have to listen to what I'm saying. If we start losing 290, right, and you can see it now, we've held now 293 separate times, twice in the last four days. So tomorrow will be day five. If we start losing 200 on the close, and again, if you believe in the theory, and that's the whole point of the PS60 process, if you believe in the theory that stocks trade from supply to supply to demand to demand, right? So here's the demand, trade it to demand, the 290. This thing starts losing 290, we go down to 285. Again, if you are brand new to the channel, the 50-day moving average is kind of a big deal, okay? Anything under the 50-day moving average, you're not going to want to be naked there, which are long positions, hoping to God that one day that's the bottom of the market and the sellers get tired. 2022 kind of showed you that 80, 85% of the price action below the 50-day moving average is going to be to the downside. Of course, you're going to have some updates. The market's not going to go straight down, but the 50-day is very important. So these are the two levels that you have to watch, especially if you are a long-bias trader or you are an investor. Number one, 290, right? If the bulls finally give up 290 and get their credit, they held it three times in the last, since January, right? Since January. So we held that 290 level three times. We actually bounced off it again today. If 290 gets lost, we are going to get down to the 285.80s, right? You see that 285.80s, right? That's the whole point, 285.80s. That's the 50-day moving average. Anything below the 50-day moving average, you might as well rip out your buy button. I'm telling you, it's just kind of the reality of what it is. And you can just see the sequence of events going all the way back to 2022, when we lost the 50-day moving average, right? Here's you lose the 50-day moving average. Well, what happened was a 33% decline in the Nasdaq. Nobody's calling for that. Again, we trade one day at a time. Our research and bias and opinion is based on the next day. We don't know what's going to happen a week from now. Hell, I don't know what's going to happen 15 minutes from now. Like I said, we'll be having a conversation in Tesla, which is already taking out today's low right now. But Tesla could be at 210. Obviously, I don't think that's going to happen, right? But anything's happening, anything will, and anything can happen in this market. And obviously, we will be watching for further weakness for Tesla. There's some pretty big levels, which I unfortunately won't discuss on this video before you guys in the webinar. You kind of know some of the big macro levels that are approaching Tesla. But more important is if cues fall, everything falls. It doesn't mean nothing that is going to be spared. I don't care how strong you think your stock is. It's behaving well. Always remember, the stock behaves well for a little bit of time. And we kind of talk about this nonstop. It's not the sum of the parts. Like this morning, right? Meadow is strong, meadow is strong, meadow is strong. Hey, Dan, what do you think about meadow? What do you think about meadow? What do you think about meadow? You know, I kept saying, let's forget about meadow, right? It's one stock that's standing out. There's 18,000 stocks that are breaking down. We don't care about meadow. What's the stocks that are breaking down? It's much easier to to ride the way for 18,000 going one direction than one stock going the other direction. What happens ultimately when the cues start getting weak and they start taking down, especially opening range lows towards the end of the day? Here's, you know, here's, you know, here's eBay, excuse me. Here's meadow, right? It was the strongest stock on the board. It sold off $5 from the high. So guys, always remember, ride the weight. Ride the weight of the directional bias. Don't forget about the one stock. I know this isn't the first time we talked about it. Who cares about the one stock that stands out? Yes, like for example, his first solar had great numbers today, right? Absolutely great numbers. I didn't look at this thing once. There was no reason to. Again, why pick, you know, maybe it works, maybe it does. But my point is, why go against the wave if you, if you, if you, why go against it if you can go with it? And that's kind of the whole point of directional bias. Trading and trading with the mass is not trying to isolate one stock that's standing out. Why do you need to isolate that one stock if everything is breaking down? And if you start looking at the main cogs, right? The S&P 500, and especially in the Nasdaq 100, right? Take a look. You got Apple, right? Apple is an inch away. If the Apple starts confirming this bottom channel here, man, this thing is toast. Look at Qualcomm, right? Qualcomm is holding on to dear life, the dear life of the 50 day moving average. Qualcomm loses the 50 day. It's gonna get hit. I'll show you guys some of the pivots today. A perfect example of Zoom, right? Zoom lost the 50 day moving average today, right? Look what Zoom did, right? We talked about Zoom. Look what Zoom did. So the 50 day Qualcomm is hanging on. Apple is hanging on. Look at Microsoft, right? We talked about Microsoft a few minutes ago. Microsoft loses the 50 day moving average. It's gonna get hit. It's gonna get hit. There's not gonna be any point of reference. You got to get hit. Look at a stock like Dash, right? Same thing. It's holding on here. It's holding on to dear life. This thing loses the bottom channel. It could get hit here. It's super and duper important for the bulls to fight, man. It really is. Because again, as much as I love a bull market and I thought this phenomenal run off this 278 started and we had a 17% run in keys, but at the end of the day, if all you guys have been training in the webinar with us and training pivots for nearly 13 years now, maybe a little more now, almost 14 years now, you kind of know we don't care which way the market goes. As long as there's a trend in that direction, long, short, it doesn't make a difference and if stocks are breaking down, don't overthink, right? Don't overthink. Don't try to rationalize what's going on. This is kind of what we talked about. If we start losing the major areas, right? First the 290 level on the keys and then ultimately the 50 day moving average. And again, I can't stress the importance. If you are an investor, if you are a trader, we talk about this all the time. Once we get to close to macro levels, you better figure out how to hedge your portfolio because you don't know how long it lasts. Maybe it sits below the 50 day moving average one day. Maybe it sits in the 50 day moving average 10 months like it did in 2022. So be proactive in your money. If you are truly a professional and you're aspiring to be a professional, the last thing you wanna do is expose yourself with no outs and no course of action. So again, big, big day, again, coming in for the keys tomorrow and Friday. So that 290 level, edge that into your head. It was 293 yesterday. Now it's 290 edge into your head and have a plan to trade around it if you are especially a portfolio holder. So as you can imagine, when stocks, when major benchmark starts breaking down a crucial level, everything's gonna get hit, right? So again, here was the 293. 293 continues to be support last two days. Again, we talked about this level in Nozio last night in the video. We talked about it again today. And again, contested 290 again, ISM number came out at 10 o'clock and the keys just got just smashed, just absolutely smashed. Here's your breakdown, the 293 went all the way down to 290, 20, again, that's the line in the sand going into tomorrow's session on the video. Again, we had two pivots last night. As soon as I record, I finished reporting the video and the video broke that story that they did a shelf for $10 million, $10 billion, unlike a $2 stock that's a big deal when they do a shelf registration, a lot of companies, you know, the video, Amazon, Apple, they always access the debt market because a lot of the money, even the spies of rising rates is still cheap. And a stock like Apple has a hoarding a quarter of a trillion dollars in cash doesn't need to access the debt market, but it does. So a lot of these companies do exactly the same thing. So again, here's where we talk about don't fall in love with the stock, fall in love with the price action. So 239 to the upside, 229 to the downside will be interesting to see if they shake off. The funny thing is the video actually went green pre-market, but once it started losing that 229 level, right? Once it started losing that 229 level went all the way down to 225. Again, if this thing confirms, I still think it goes lower. Microsoft broke down, 248 bills below can flush more. Here is Microsoft, right? Took down to 48, trading down right to 246 to the 50 day. This 46 falls tomorrow. You got 4243 staring at deck. Again, here's a two-sided trade. Tesla 201 to the upside, 211 to the downside. It broke down to 201, traded down to 198. Then obviously snapped back. Investors conference starts with Elon Musk speaking. That's exactly what's happening. And as of right now, present day, Elon Musk, whatever he's saying, we're not saying Tesla is trading in the 197 is just traded down to 195 tomorrow. For all you guys, please come to make sure you're at morning strategy early. We will definitely talk about the very, very vital areas that Tesla, if it doesn't hold, can give us some more downward action. So please get there early. And Amazon, Amazon again, two-sided trade, 9480 to the upside, 9230 to the downside. Not a huge move, but Amazon does not look great. They were coming with short-term expiration. It took out the 9230, went down to 9159. This is the lowest close in this whole formation. Again, do I still think it goes lower? It probably does with everything else. But again, the cues need to confirm the 90. Netflix got destroyed, absolutely destroyed. Netflix, 321, if it builds below, can flush. Here is Netflix, we're right. I think we even talked about Netflix last night. It lost to 21. It lost to 14, traded all the way down to 312. This thing loses 312. I think this thing sees 305. Huge move down on Netflix and Zoom, right? We talked about Zoom last night. Zoom Fizz 72 is the 50-day support. Any close below starts the next daily down. Zoom got absolutely destroyed, right? So here is the 72. It took down this whole range here, traded right to the lows of the day at 69 and change. Look, when stocks break, they're 50-day moving average. They usually have two, three days worth of selling. Look at Google as a reference point, right? Google lost its 50-day moving average right here. It had one, two, three, four, five days of selling before it did cat bounce. So Zoom, if this thing starts confirming today's price channel and it goes lower, probably sees 65, 66 in the next negative measure potential, which is the low from January the 25th. And I believe that is it, right? I believe that is it. So that's it, guys. You know, the stage is set. The players are set. The characters are set. We're all set. We're prepared. Tomorrow, again, write this down. You got the 290 area. Again, for all you guys who are joining us for the first time tomorrow in the webinar, we start, the webinar is open, broadcasting news and all that stuff at eight o'clock in the morning. I call on about 8.45, nine o'clock. Morning strategy starts about 9.15. And believe it or not, we knock everything out the box in that first 15 minutes to get everybody prepared for the day. Guys, have a great night. God bless, stay blessed, stay happy, stay healthy. And well, as God's help, I'll see you guys tomorrow. Take care.