 Just because the market's open doesn't mean something is happening. Yes, something might be happening, something might be moving, but that something might not necessarily reflect your strategy. 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 another edition of the Access a Trader dot com nightly wrap up show. Hope everybody is doing well now that we have the Fed behind this. Now that we have the CPI behind us, now we could concentrate on the most important part is family, right? It's the holidays, we are what, 10 days away from Christmas, we are what, 16, 17 days away from New Year's Eve. Hopefully everybody had a really good trade trading year or a great developing year or some of your relationship goals were solved and you made some great ways in your personal life, maybe you lost some weight, maybe you quit smoking. But hopefully 2022 was a really great year for you. And hopefully 2023 will be even better in your personal development. Again, if you are new to the channel, welcome aboard. If you can be so kindly to give us a like and if you haven't so do so, subscribe to the channel. Again, we are broadcasting Monday through Wednesday and also on the weekends to kind of give everybody an unbiased point of view of what the market is doing. So let's talk about the tape, right? So as we mentioned in the last couple of days, we had two major events or at least major events on the week to week basis. We had the CPI, they came in better than expected. And if you look at yesterday's action, we, you know, all you have to do is watch last night's video. We talked about in kind of nausea, we had this really big move up only to kind of give it pretty much all of it back. And today was the Fed. We all knew, right, that there wasn't really a shock factor. Okay, we all knew that Powell wasn't going to say anything new. Okay, we knew that there was a high probability of a 50 basis point hike. Right, that there wasn't any surprises. The language continues to be exactly the same thing. We are moderate and obviously in paraphrasing, but we are monitoring inflation. Still is a concern, but we're on top of it. Don't you worry, we're on top of it. Probably expect more Fed hikes in the up and coming years. So basically blah, blah, blah, blah, blah, blah, blah, was Charlie Brown's teacher once said, wah, wah, wah, wah, wah, wah. We were news, right? We actually knew this. But the most important part is kind of what we continue to talk about every single, every single data point in the last couple of months, whether it's CPI, jobs number, Powell testimony, whatever the case may be, until now ended exactly the same way. We actually even talked about in last night's video and I said, how many times can you say exactly the same thing without finally the market kind of saying, all right, we already heard this before. You know, it's over, right? We're not excited anymore. It's like, it's like I gave an example today in the live webinar. You tell an eight year old kid, Santa Claus is coming tomorrow, Santa Claus is coming tomorrow. Yay, Santa Claus is coming tomorrow. It's turns nine. Santa Claus is coming tomorrow. Yay, Santa Claus. By the time the kid's 11, he's like, okay, what, I just give me my gift, right? It's the same thing. It's the same thing. They learned to live with it and this is the most important part. The market has, I don't want to say spoken today and I'll explain what I mean in a second, but it really did conclude kind of the point and put a ribbon on what we'll be talking about that no matter what they say, no matter what the data comes out, it all ends up at the bottom of the range or the middle of the range. So I don't personally think this was a day that both investors and traders wanted, right? The conclusion of the day, because if you look at how the day started, right? They ran up the market. The Dow was up about 300 points when Fed came out with the news, 50 basis points. I personally thought the only way the bulls were really going to rally, if Powell started using the word tapered at maybe 25 for the next meeting, they never used those words and the Dow went, it was up, you know, the Dow was up about 500 reverse course very, very quickly and closed down 100. So you're talking about a 500 point reversal from top to bottom on the Fed news and you can see the, you know, the cues, right? They sold off yesterday and they sold off again today. Here's the problem, right? Here's our problem. When you're trading and you're formulating the opinion for the next day, again, if you're joining us for the first time again, I am no genius. I'm not smart. As a matter of fact, I am the king of the idiots, right? So when you're the king of the idiots, you can't go further than one or two days out, right? I like to go for the next day. I try to make my battle plan, my formulate, my opinion for the next day. What I wanted to see on today's kind of conference, right, or at least Q&A, whatever the case may be, I wanted to desperately see either us get closer to the top of the range where we had yesterday on the CPI number or really, really sell off to the bottom of the range, right? Here's our problem. We're right in the middle, right? We're right in the middle. So whether you think the market is going up or down, it's irrelevant. The market is telling you the price action is right in the middle and this has been our problem. This whole congestion phase, this whole distribution phase ever since that, ever since the, what month are we in? The November CPI has completely gone sideways for exception of blips on data that came back. So we're kind of in no man's land. We're not in heaven. We're not in hell. We're in purgatory, right? I don't think anything great happens in purgatory and when you look at a lot of charts, you'll see exactly the same thing, right? You'll see Amazon, right? Not here nor there in between. You see Apple, not here nor there in between, right? Just chart after chart after chart. This is the only one that continues to go down, right? Netflix, excuse me, Tesla continues to go down. Again, no matter what it tries to look like and what it says and this is not the other thing, it just continues to go down. I still think the soft landing for this thing is roughly around the 150, 152 area. We have quad exploration on Friday. They're just betting even at the strength today or at least attempted strength as stock was never green. They were coming for the 150 weeklies and they were coming for leaps, right? They were coming for the 140, 130 leaps all the way out to 2024, 2025, but nothing, guys, I'm telling you right now, nothing got resolved today and it's a little bit frustrating if you are going into tomorrow's session expecting one side or the other. You hear the arguments, right? You can hear the arguments in your head, well, the market's going higher, well, the market's going lower. Yes and yes, right? That's what's called being in the middle of the channel and when you are in the middle of the channel, the last thing you want to do is try to figure it out, right? So we have, what, two weeks left, right? We have two weeks left, two weeks left in a year, two and change, we have 10 days to Christmas. You know, if you're like me, you're just basically pretty much scalping. You're not making an opinion of the market. You're not putting on positions going into next year. Most fund managers, most guys that I know are just closing down their books. They might day trade here and there. Maybe Tesla gets a little cheaper. Maybe Tesla gets a little better. Debt cap balance. Maybe Netflix, Metta, so forth and so on. But I'm telling you, you're not going to see a lot of, you're not going to see a lot of heavy money coming into the end of the year. If anything, you'll see some tax law selling on certain things. But again, to pick and try to, try to will your opinion on somebody going to the end of the year, you can see for yourself, we're right in the middle. So everybody save their breath. Let's see which way do we break. You look at the spies, right? Look at the spies, the same thing, right? They got to the top of the range yesterday and the CPI came all the way back in. Again, so here's our dilemma going in tomorrow. Stocks are just not strong enough to push through to the upper ranges. But when they try to sell them off today, guess what happened? They couldn't sell them off today either. So flip a coin. Here's a dime, right? Here's a dime. Flip a coin, heads go higher, tails lower. It doesn't matter. They'll both fail and both work out. So this is the time to kind of decompress a little bit, right? I definitely like some names going into tomorrow. There's some names that look pretty good, right? I don't think they're going to be manslaughtered or they're going to be, as the kids say, to the moon. But I think there's possibilities, right? And I think, you know, if you're trading for tomorrow with the rest of the year, you kind of have to kind of make a battle plan into both sides of the market. So let me give you guys some ideas, right? Game stop, I wouldn't look at usually, right? And I know this is a meme stock and I know this is like, you know, the ultimate retail name, this and AMC. Here's kind of what I'm looking at, right? So if you saw yesterday, if you saw yesterday the stock came out of a range, one month range, right? Today's what? The 14th, the low of this channel was 2189. You guys see that? 2189. So broke it yesterday, came, you know, put it in a new low, had an inside day today on smaller volume. If GameStop starts, and again, if we're talking about GameStop going into tomorrow, again, this is the first time you're joining this channel, usually I wouldn't not start out with GameStop, right? I probably wouldn't even know what GameStop existed because I trade beta, high tech technology. But this one looks pretty good, right? It couldn't rally today, put in, you know, kind of a dead cat bounce into the middle of the range, inside day. If GameStop starts building below yesterday's channel, I think the stock could flush, right? It looks pretty good. At the same time, if we rally tomorrow, Square doesn't look bad, right? Square doesn't look bad. It held on to some gains. It's closer to the top of the channel than most names to the bottom of the channel. Let's see if Square could finally get above the highs for the last couple of days. That looks interesting. A name like N-T-E-S, right? China name. You know, usually I wouldn't mess around with China's, but again, you know, beggars can't be choosers in this type of scenario when everything in the middle of their range. So here's the top of the channel here. Let's keep an eye on it. If the China names start waking up, you know, maybe we can get something good. On the flip side, you got Roku, right? You got Roku trying to test the bottom of the channel here. So you kind of get my point. You have to kind of be flexible on both sides of the market. And the one thing that I always say, look, just because the market's open doesn't mean something is happening. Yes, something might be happening. Something might be moving, but that's something might not necessarily reflect your strategy. That's something might not necessarily reflect your process. So if I see some $4 stock moving, I couldn't care less about it, right? So I don't trade these stocks for the most part. Once in a while, I will. There's some massive option flow, but I don't care about these stocks. So the idea that something is happening somewhere, yeah, that's true, but it might not correlate into your sweet spot. So going into tomorrow, look, you don't have to trade every single day. You wait for value, wait for a clear sign. We got 10 days left. It'll be nine days after tomorrow for Christmas. Santa closes come in. The kids are going to be off from school. Your family's going to be around you. We got some football at the end of the year, right? We got some good food. Well, most of you guys get good food. I'm not there anymore. I'm gluten-free and sugar-free. Thank you very much for your four months and going, hence the 20-pound loss. But more important is this is a great time of year. And again, I very rarely see that you're trying to make your whole year in the last 10 days of the year, the last two days of the year. So we'll see what happens tomorrow, right? Let's see. If we get some value, that's great. If we don't get any value, that's great as well. Again, we don't trade because the market is open. We trade because we have value. Guys, God bless. Stay blessed, and I will see you all tomorrow. Take care.