 Amazon finally split. Remember everybody for years and years and years. Hey, what is Amazon splitting? What is Amazon splitting? They finally got the news last night. Amazon splitting 20 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. I apologize. There was no video yesterday. My son called me yesterday after the close said his bus, his bus that takes him back home, got into a fender bender with another car. Luckily, nobody was injured. The car, not so much. So basically, there was supposed to be another bus that came and never came. So I had to drive 45 minutes one way, 45 minutes back by the time I got home was like 6 30. And my daughter had basketball practice at 7 25. So I apologize. There was no video yesterday, but a crazy, crazy 24 hours. If you guys remember going back to a day week Thursday to Tuesday, right? If you guys remember, we were up 500 points had that really good aggressive day to the downside. And then around 12 o'clock, the market reverse was up like 5 600 points. And then into the close, there was a sell off from Dow up 600 to be down down 180. The NASDAQ went red. So you talk about 800 points off the highs in the last hour. And the next day, which was yesterday, they gapped up 600 points, basically erasing the previous 12 hours highs or 12 hours lows, running back up. And basically, the market was absolutely all over the place. And when the tape gets all over the place, guess what, charts get absolutely skewed. And, you know, the one recourse you had yesterday was either chase stocks into supply, which basically most names were going into supply, tried to short them off a supply, try to scalp some things or kind of stay away from yesterday's activity. And as great as it looked on paper yesterday, I found very, very little value yesterday. You know, there's a couple of scalps here and there. But again, I'm not big into buying stocks into daily supply while we're underneath the 200 day moving average on the cues. And yada, yada, yada, we came into today. And you know, if you looked at last night's research, there was very few things that you really wanted to buy, right? Oil names continue today. They, you know, modest decline, basically about 2%, which was absolutely nothing considering the big rise in oil in the last couple of weeks. We had the CPI today that really didn't move the needle, kind of met expectations and yada, yada, yada, when you look at the day's activity, you know, we gave back some money. Again, it's very, very tough to even scratch that statement. It's very, very tough to turn around and say, Hey, cues just gave back a little bit from yesterday's game. I mean, look, what game? I mean, look, look where we were two months ago and look what we are now. It's like losing $100,000 and turning around and say, Yo, I just made two grand. Yes. Right. So again, we're still way deep deep underneath supply. And ironically today, and yesterday, you know, we ran up at 1.7 800 points in the Dow, about almost 500 on the NASDAQ. The ironic part about today's session, there was a lot more value today than it was yesterday. And again, it's not about the scoreboard. It's not about being right or being wrong. It's whatever your process is, you're trading, you know, on that value, whether it's the long side to the short side. And when you look at most charts, and again, even today, right, when you look at most names, you're going to get a lot more value to the downside. Because again, at the overall spectrum of things, we're still underneath the 200 day moving average. And as we know, and as we've been saying for years and years and years, no matter how bad a market is, you're still going to get aggressive moves up. And that's again, that's what we're seeing consistently, right? Not on the normal, but consistency. Here was, you know, three day rally stuff into supply, two day rally stuff into supply, a four day rally stuff into supply. We had another rally yesterday, today, lower highs, lower lows and yada, yada, yada, yada, yada, right? Here we are again. The challenging part about what we're seeing now, both on the long and on the short side, again, on the long side, you're just not getting a lot of room to get an expanded move. Can you get us trade here and there? Of course, right? It's the market. The market moves up, the market moves down. And ironically, today, the bulls got kind of a stick save today. We had a, you know, pretty aggressive two o'clock reversal back to the upside and kind of destroyed a lot of really good value for tomorrow. But again, that's what the market is. And this is not a market you can sit there and trade 10, 15, 20 stocks. It's just not there. It's like you're trying to get one or two or three pretty good value plays in the direction where the futures are pushing, the direction where the sentiment is. And you're hoping those stocks confirm because again, there's a lot of days and if you do your research kind of going into tomorrow, you're not going to get a lot of value. You just not. I mean, look at, you know, go through the charts and you'll see exactly what I'm talking about. Yeah. I mean, are there plays you can take advantage? I mean, look at GameStop, right? Here's the name I'm watching for the next couple of days. It had a big gap down the last three, four days and it's just kind of flagging here. You know, eventually GameStop starts building below this channel. Of course, this thing is a short, right? You know, if you trade like, you know, all these mean names and again, it's amazing how this thing even, even held up. But the point is, look at this channel here. This is something I'm interesting and usually I wouldn't trade GameStop because there's so many other names I'd rather do anything. But hey, I'm interested in this channel because the longer it builds and continues to put in lower highs on the five day moving average, eventually it's going to snap this area here. And eventually, you know, when you snap that area, you could go to the next measured potential of 86 bucks. So this definitely interests me. A name like UPST, you know, definitely interests me. I mean, look at that. Again, it's the same thing as GameStop. It's just building a kind of a nice little base here. It held the range several times on the bottom channel here. And if that bottom channel snaps, maybe this thing could get hit as well. Look at the upside names. Again, here's my point about you have to be a little bit more creative. This is not the market that you want. It's the market that you have on the upside. Yeah, a name like PSTG looks really good. This is any beta name. Of course, yeah, I take a definitely shot at it. Watch this thing. Keep an eye on this top of this channel here. If PSTG confirms, maybe you get a nice upside push. And a name like VRTX that we've had from this channel break and this channel break, it's setting up fairly well, a biotech name. This is a name that you have to be super patient with. But again, look at the channel here, right? Again, beggars can't be choosers. Look at the channel. If it starts building above this channel, maybe this thing wakes up as well. And going back to last night, you had that really big news. And again, last night we didn't have a video, but you had that really, really big news that, hey, Amazon finally split. Remember, everybody for years and years and years, hey, what is Amazon splitting? What is Amazon splitting? They finally got the news last night, Amazon splitting 20 for one. They took a page out of Google. They're buying back $10 billion worth of stock. But look what happened today, right? And again, we had a pivot today in Amazon off that initial 29-20 that popped up 20 points very quickly, but it popped right into daily supply. And again, is this looking like a chart that you have to be long? That's my point. The value is very, very difficult on the upside unless you have a five, 10, 20-year horizon. And by the way, you still have to get above the five, the 50, and the 200-day moving average for any expanded measure potential in the name. And if they did take the playbook from Google, and I don't know why they would, right? Look at what Google did from their split, right? Here's the announcement split. It went from 30-30 all the way to 2,500. So again, the bears are still definitely in control. It doesn't make a difference if you have one or two days of spikes, this, that, the other thing. You could clearly see, again, if you don't have eyes and you refuse to kind of acknowledge what's going on, you could start making excuses. Well, the market is oversold. Yeah, I mean, I've been in bear markets for two, three years. Again, hopefully this won't last that long. It's only been a couple of months or so. But it's out there, right? History has proven us. It's been out there. It continues to be out there. And there's definitely a possibility that we could be in this thing longer that anybody wants or anybody cares for. Again, if you look at the headlines, you have Ukraine and Russia, the idea yesterday because of that rally was, hey, maybe they're finally going to get some sort of peace, you know, peace, something done, right? Nothing really happened yesterday. So we started, you know, kind of moving back down. Nasdaq today only down 1% compared to yesterday's mode. But the point is, again, they couldn't capitalize on yesterday's action. And maybe, you know, listen, maybe they rally tomorrow, maybe they don't. But we definitely have to be prepared from both sides. That's the point. You don't have to act, right? You don't have to be a participant on that side. But the point is, you have to be prepared. After the close, you had Rivian come out with earnings, you know, not great, right? You know, not great. Moving down, you have Oracle came out after the close, you know, not great, not bad. It's kind of flat after the close. I think it was also, it also came out of the close. I don't remember. Anyway, the point is going into tomorrow, it's Friday. Guys, remember, look for value, right? That's the name of the game, whether it's one stock, two stocks, whatever it is, it's not how many you trade, it's how many you trade properly. So let's talk about today's pivots. Oxy really didn't do a lot. Again, oil got pulled. Not a big move at all. Oxy got rejected 59, three times, big, big level. Oxy only ran up like 60 cents or so. You can see it here. Only 60 cents, you know, came right back down and blah, blah, blah. But overall, these oil names continue to be overall pretty healthy. And again, here's the value to the downside. Gilead, not a big mover yet. The most important part is it did break a macro daily channel. 58, 20, 58, if it builds below, can flush. Here is Gilead. Went down about a buck. Nothing crazy. But again, watch the bottom channel here for confirms. It goes lower. Clorox got hit, right? Clorox finally took out that earnings low. 137, if it builds below, can flush more. Here was Clorox. Again, this is my point. Look at the names we're talking about, right? We're not talking about Facebook. We're not talking about Apple. Those stocks is destroyed and they continue to get, you know, to kind of get hit and they rally, get hit. But the value, you know, is really not there in a lot of names. So, Clorox took out 37, traded all the way down to 31. Really, really nice move there. Tesla got hit. Really good move. Really good move. Definitely the move of the day. 830, 829, if it builds below, can flush. You know, stock went all the way down to 810. I thought it was going to get down to 806. You can see why I said 806. It got a nice kick save here at the last hour and a half and now it's back to the middle of the channel. But really nice move. Again, not every single thing needs to be a four or five-day potential. But you know, really nice move there. Obviously, Boeing never got above 183. You know, 22s. Takes them off. 806 next stop. Again, Tesla went all the way down to the 810 level. Again, there's obviously a big area coming up if we get to those levels. But again, going into tomorrow, you have a lot of stocks in the middle of the ranges. It's not going to be the most exciting day. If you are religious, pray to the market gods today for some beta name that gets upgraded. It gets downgraded. Maybe we can, you can find some value. Amazon, you know, right? I mean, you know, maybe we'll watch the top of the channel here. Maybe it's a delayed reaction. Right? Maybe we'll watch the top of the channel here where it got rejected twice. Maybe it wakes up for a second day tomorrow. But again, don't put a lot of emphasis into the trading day tomorrow because again, everything's in the middle of their charts. And the most important part is we need a clear sign to see what happens next. Guys, have a great night. God bless the rest of you guys. I will see you tomorrow. And for everybody else, I will see you on the weekend video. God bless. Take care.