 I'm going to give the bears the first two candles of the day to seize control. If they don't seize control in the first two candles of the day, then obviously we'll start looking on the upside. 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 a Wednesday edition of the Access to Trader.com that we wrap up show. Happy Hump Day, everybody. Hope everybody is doing well. So let's talk about the tape. Last night, if you remember the video, we talked about, first of all, a very, very aggressive session. Yesterday, the downside, a lot of names got hit. The video was definitely the biggest mover. Tesla got hit yesterday. Netflix got hit. Zoom got hit. There was a lot of macro breakdowns. And when we talked about yesterday, it was a big rally into the day, right? To the end of the day that really screwed up a lot of sell setups. What would have been for today? In other words, if we would have closed at the lows or anywhere near the lows yesterday, we would have had a really big premium session today to the downside. And my comments were if we could get a gap up and these things get stuffed into supply, if they roll over, things are starting to get hit. But I did believe there was other value in other places going into today's trading days. For example, we talked about energy names yesterday, like a P-T-E-N, right? We talked about P-T-E-N yesterday. We talked about Johnson & Johnson. What a letdown. I mean, what a letdown today. This is the only one that didn't work for me. Not even a big loss. It wasn't even the point of a big loss. I bought it off that 68 area. Stock closed 77 a day before. So I only wanted to lose like 20 cents in the trade. But the point is, when you have a setup like this and you have a multi-month top, literally multi-month top, and you have a very, very aggressive move through that area, I mean, this thing went up, what, 25 cents when we were in this thing? So I was like, look, this is where you turn around and you say, I know what I'm good at. I know what I'm not good at. I know what I shouldn't be in, right? This is why I trade beta. This was a setup on Tesla. There was a multi-month consolidation and break above this channel. This candle would have been above my monitor, okay? It would have been up here. It would have been in my roof. But again, not everything is beta. And that's the whole point. My comments today, especially in the morning was, I didn't want to be long anything. It was really nothing that I wanted to be long. I felt like it was a sucker's rally into supply. And then slowly, but surely the only thing that I really wanted to see today was kind of reversal, because if things started reversing back down, I knew we were going to catch some value. And what we didn't accomplish or more or less into yesterday's close, we got that close today. We'll get into tomorrow, for a second, in tomorrow's session in a second. But what I liked about today's session was, again, we didn't deviate from the plan, right? I actually started out today's morning strategy, and I said, look, if I have to, there's no beta, unless we come in, which we did after it was a couple of good, really good pivots. But I said, if there is no really downside continuation from a lot of these beta names today, I would have no problem sitting it out for one day and getting more clarity. And luckily, we did get some clarity. We got some clarity very, very quickly. Stocks got hit into supply instantly, right? Instantly right out the gate and slowly, but surely we started coming in and yada, yada, yada. There was some pivots to the downside. We'll get to that in a second. But more important, we're getting the setup that I wanted to see last night before we had that short covering rally. We're getting it tonight. So if you look at where we were, right, where we are today versus yesterday, we had this really exaggerated candle to the downside. We didn't take out the highs, didn't take out the lows, half the volume bar. So that is an inside days from yesterday's sell-off. But more important on just on the individual names, what they couldn't do, right? Amazon got hit yesterday, couldn't rally, went down lower. And look how it's just hanging on, it's hanging on for dear life. Just needs one more day, hanging on for dear life here. Roku, you know, couldn't rally and not only couldn't rally, took out the previous days low and now we're setting up macro ahead of earnings, right? Not really a good side. You got Netflix that broke down yesterday and now went lower today, took out yesterday's low. It's setting up macro for tomorrow. You see where I'm going with this? Look at Tesla, right? Not only did it, it didn't rally today, right? Didn't rally today after yesterday's breakdown. Again, the only reason Tesla held up yesterday was that Bollinger band that held it up. So not only could it not reclaim yesterday's level, but it got rejected off the five-day moving average and putting its lowest close in this whole formation, the first close below the supply zone here. And now it looks like it's going to retest this level. And there's a lot of charts like that, right? There really are a lot of names like that. Zoom looks like it wants to go before earnings as well. So if you go through your research today and you are a technology-driven trader, right? You'll realize it's not going to take you long to get your research for tomorrow. And I'm going to give the bears every opportunity, like literally every opportunity to succeed for tomorrow's session. And the one thing that I do but know about the market is number one, yes, I'm so biased for tomorrow, right? I am definitely so biased on technology for tomorrow, but I'm not naive to think that, hey, you know what? Guess what? The stock market can't go higher. Of course it would go higher. That's the whole point. You have a plan, right? You have a plan and you're waiting for that plan to play out. Now, if the market in the first two candles does not want to crack today's lows and it doesn't want to reclaim today's levels, then yes, maybe we'll start looking back to the upside for some sneaky channels. But your goal is to do the research, put in the work that you are prepared for tomorrow. So just in case we do rally, we'll have a plan B, right? But I'm definitely so biased for tomorrow. I want to give the bears every opportunity to succeed. I want to see if the bulls can wake up tomorrow and start reclaiming some levels. Okay, that's fine. I'm okay to be wrong, right? Again, if you're in this business and all you want to do is be right and get the likes and get the shares and get the thumbs up and the smile. You're in the wrong business, right? That's that social media crap that... Let's just leave it there, right? I said too much already. Okay, you got to have a plan. You got to have an opinion and you have to wait for that plan to play out. If it doesn't play out, guess what? There's plan B. You're allowed to shift gears and wait for the tide to turn. I'm going to give it for you guys who are joining us on the feed for the first time. There's only 60-minute candles for my day. I'm going to give the bears the first two candles of the day to seize control. If they don't seize control in the first two candles of the day, then obviously we'll start looking on the upside. Again, I'm pretty self-biased for tomorrow. I would love to see the market move up a little bit at the open. Kind of the same thing today. If, once again, they do get rejected into 60-minute supply, we'll definitely start looking at some downside channels. Pretty basic for tomorrow. Again, sometimes you don't need to overthink. You don't need to dissect too much information. Just right in front of you in the name of the game is wait for your value to confirm. Like we talked about last night on the video, I thought there was going to be value in other places that had nothing to do with beta. It actually played out. The only two names that got stuck on stupid was right here, Johnson & Johnson, which I traded and went up like 20 cents, did absolutely nothing. When it went red, I lost 20, 23 cents on the trade. I was gone. I had no problems. Not about the money. It's the fact that these damn New York Stock Exchange stocks, they just cannot go. It's not. They're not Tesla. They're not Netflix. They're not Amazon. They're Johnson & Johnson. No matter how good a stock looks, you always get enticed by the chart. And then you realize these things go, you know, once in a blue moon. Like literally once in a blue moon. This is why I just don't trade these things anymore. And today it was kind of a reiteration to myself. I just leave them alone. So let's talk about today FedEx 305-5306 needs to build. FedEx is just an absolute monster. Congratulations to all you guys who caught this move. So here it took out this 305-306 level and just exploded. Went to 310, just a big monster. FedEx has been delivering results, right? Yeah, I said it, right? Cleveland Cliffs got rejected at 21. There was nothing there. Johnson & Johnson, you could go fly a kite. God bless. 260 Sigma, never built. P10, right? We talked about P10 last night in the video. New daily base needs to build 760, 775. Nice little move on P10. For all you guys who are still in this thing, nice looking chart, right? It got above the 760, 775 level. Traded first close over $8. You know, nice little move here. It looks higher for tomorrow. Hexo. I still like this little Hexo for tomorrow. There was a lot of... Some headlines came out about some clearing firms. I don't remember. It's such a long day. But anyway, on the POT stocks, Hexo 697 needs to build. I still like it for tomorrow. You know, nice little move. Nothing crazy. It closed at the high of the day. It took out that 697 closed at the high of the day at 707. You know, this thing does look higher tomorrow. If God forbid the POT stocks have a day. Two crocs 105 needs to build. Here was crocs, right? If you guys noticed, very little technology stuff. So it took out the 105, traded all the way up to the 108 area. So that... And again, here's my words. You know, if you're trading beta today, just understand. There are no men's land, right? That's what we talked about last night in the video. You know, after yesterday's rally off the lows, it's a flip of a coin. Anything you do has to be for quick cash flow trades. And I warned this. It's very, very important to understand these guys. For anybody who trades options, especially for the newer trader, you guys need expansion channels. You guys need a clear path to the goal line. There's no way your premium succeeds if your stock is going and it goes up a dollar and it dies. Your premium is going to die right away with it. So I basically said, if you're trading to the upside, especially if you're an options trader, your premium will die because of the lack of channels, blah, blah, blah. And here's kind of my point of a couple of pivots to the upside. They were just very quick, right? You had Roku, 325, 36. Again, only went up a couple of bucks and then it died. Nvidia upgraded for experienced traders only. 588 needs to build for cash flow, right? Right up like four or five points. Was it a big move? No, and then it died, right? They got pulled $10. And once I started seeing Roku die, once I started seeing Nvidia die as well, it was just a matter of time that we were going to start getting some downside pivots. And here they were, right? Here they were, and Amazon had one spike also. Went up like 10 bucks. Went up 10 bucks off this pivot as well. So I said it, look, Nvidia, take on the way up, right? Again, we're not expecting anything big. Take on the way up on the video. Crocs, take on the way up on Crocs, right? Target, again, not a big move. Went up, what, 50 cents? I still like Target. Target is actually higher after the close. Costco had some pretty decent numbers. So Target's above the 213 level, looks higher. But again, these New York Stock Exchange Stocks, they're not tradable. You got to be an investor of it. You have to be multi-day, multi-week investor of it. I just don't have the patience. Why love beta? It's instant gratification. You're going to get big channel expansion. You don't need to fight with the specialists. You don't need to fight with retail. It's institutional money flow that's driven in the options market. And this is why I pretty much 90% of my trades are beta. I traded Tesla today, 672 for Builds Below Can Flush. Right now, like four or five points. I still like it for tomorrow. There is a macro channel coming. But again, here's the 672 on Tesla, right? Here's the 672 on Tesla, right over here, right? This whole 672 channel, you know, again, came in, you know, came in, you know, five, six points. Yeah, not a bad scalp at all. I still like it for lower levels. Here comes P10 new highs. And this is where things got really aggressive. So we're sitting there in the squawk box, breaks the news that, hey, oh, by the way, if you guys remember the day before, we traded Pelletone to the downside off that 94 breakdown, right? Only went down like a dollar, dollar and change. So in the middle of the day, he just sits there and he goes, oh, by the way, there was a recall on Pelletone treadmills. And we got that news very, very quickly. And it broke that 9,270, 9,250 for Builds Below Can Flush to say that it was a flush as an understatement. Congratulations for all you guys who caught the Pelletone. He was the 9,270, 9,250, just got absolutely destroyed, absolutely destroyed into the 80, into the low 80s to trade it only down to 81 and change. So again, the bias is definitely to the sell side. You can see there's so much effort to these tech stocks to start making its way up that as soon as they get any type of supply, they get smack right back down. These bids get hit faster than you can bling. So again, the point is when you have your game plan, just let it play out, right? What's the worst case scenario? You miss the trading day, let it play out. Don't deviate from your plan. Let the other side of the market tell you you're wrong before you start flipping your bias. It's very, very important. So yeah, bingo. They got absolutely smashed, huge, huge move there. Tesla take on the way down, $8 on deck on P10. Yeah, I mean, for exception of Johnson and Johnson, right? Tech looks like it's going to resume selling for tomorrow. That's a big premium. This is five hours ago. This is before they started cracking, just because I noticed it just couldn't go up. And then they just started cracking all the way into the close. So that's it, right? That's it. So we're set up for tomorrow. I would love to see a market gap up a little bit tomorrow, just because it could create some eager, out-of-control longs to buy stock and to supply. And if they get stuff that we get a repeat performance of today, yesterday's prime setup before that rally back into the close is going to be in our lap for tomorrow. We'll see, right? We'll see, set the buy, man. Anyway, guys, have a great night. That's it for me. I'm going to go get some relaxation, go get some rest, and hopefully with God's help, I'll see you all tomorrow. Take care.