 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 a Tuesday edition of the Access a Trader dot com nightly wrap up show. Hope everybody is doing well. You know, here we are again, right? Here we are again. We are on the bottom of the range in the NASDAQ 100, right? NASDAQ composite. We're here, right? We're here again. A couple of takeaways, a couple of takeaways from the day and kind of where we are possibly going forward. Number one, if you guys remember yesterday's session, okay, everything was in the middle of the ranges. Okay, there was very, very aggressive areas where the market got pulled. There were very, very aggressive area where speculation money still came in and the market spiked. So we had kind of everything here, right? We literally had kind of everything here. And going into today's session when the market was up, you know, 300 points. Again, the big footnote of the day was supposedly Russia found the cure for COVID. Again, if you've ever dealt with, and I'm Russian, right? I grew up around Russians. If you ever dealt everything that was going on in the universe, you kind of know that if the Russians really did find the cure for anything, okay? They were going to definitely hold the world hostage for any type of aggressive vaccine, obviously. So the market gapped up 300 points. The market started coming back in and we started seeing a lot of similarities that we saw yesterday. And that similarity was that a lot of these names just couldn't get above supply. So the names that had big run-ups, Amazon, okay, Amazon couldn't rally, Roku couldn't rally, right? All these stocks couldn't rally. You had Beyond couldn't rally. Even the stronger names that attempted to have rallies, such as an Apple of the world, such as in the videos of the world, again, they kind of came to a stop. And today was kind of one of those days that you saw the potential aggressive nature of what could happen. And what we saw today was a lot of big violence to the downside. Even the names that were strong early, and there were some strong names. You had Facebook that was very, very strong at some point. You had Roku that was strong, Boeing was very, very strong. You had all these names, right? All these names that potentially could have led us higher. And the question that we had kind of yesterday that we asked, I go, well, is everything else in the market going to kind of pull everything up, right? All the beta names or the technology names, or is technology going to pull everything down? Again, remember, we had this really, really big run into the market. And now the point is what happens next. And today was a perfect example of, again, that technical analysis does matter. It's very, very important to have an opinion. I think that is crucial. And we talk about this every single day. But the most important part is to understand that you have to be flexible. Let's say, for example, for tomorrow's session, I'm pretty sell bias. But again, that's my opinion. One thing that we've seen over and over again in this kind of George Costanza market, every single time the bears look like they're about to seize control, here comes the bulls, right? They put the magic wand and everything rallies again. But we're here. We're here, again, on rising support. So I think going into tomorrow, of course, I'm sell bias. I'm definitely sell bias. The question is, are we going to get that confirmation channels to confirm our sell bias? And that is, again, the big question. And again, if you look back all the way, right, literally all the way back to the March lows, you'll see a lot of the same similarities. They come back to the bottom of the range and they rally. They come back to the bottom of the range. They rally so forth and so on, so forth and so on, so forth and so on, so forth and so on. The only day that they actually confirmed to the downside was on July the 23rd and the queues went from 256 all the way down to 251. And then a day later, we reclaimed the rising support again and started going back higher. So this is kind of like Groundhog's Day into tomorrow. And the most important part for me for tomorrow is, again, I'm not going to anticipate every move, okay? I'm going to watch the action tomorrow. If we get a gap opening and the names that I am definitely watching to the downside today, okay? For tomorrow's session, those are the names that I'm going to be concentrating on. And the most important part of any day that you are looking for a macro move, it's very, very important to kind of sit there and wait for it to play out. The last thing I want to do tomorrow is wake up in the morning. I have my strong opinion. I have my strong bias. I'm watching the technical analysis. I'm watching the channels to the bottom and start predicting or forecasting what's going to happen next. It's very crucial that, again, being wrong is okay. If I'm wrong tomorrow and it's an update, fine. Right? Fine. It'll be a little harder because, again, just where everything is in their macro channels. But the most important part of tomorrow's session at least for me is wait, sit patiently, wait for these channels to confirm. Understand that, again, this George Costanza market does have ways to kind of throwing a curve ball and going right back up. But the most important part is being flexible, staying flexible, waiting for confirmation and letting the market dictate where to go. Again, opinion to the south side. Now let's see everything confirmed. I thought today's action reflected a lot of what we saw yesterday, okay? Aggressive polls, very, very aggressive polls. As I'm sitting here recording, I'm seeing Tesla run up 70, 80 points. I haven't read the news. I kind of know what the news is. That kind of obviously defeats the trade for tomorrow, which kind of sucks as I'm recording this. But again, I'm assuming if it's gapping up like this is I'm assuming it's the S&P that we talked about. But again, it's something that I'm assuming I have to look at the news. But everything else that we are looking at from yesterday into today's session, again, saw the aggressive nature of what happens when the market does confirm downside channels. And if you look at just from where you are from the technical areas, again, outside of the queues, you're really not going to see what potentially could happen. Again, you had this really, really big breakout on the IWM. It's resting. Really, really big breakout on the spies. Again, you got a back test. It did close below the five-day moving average. That is a little bit of a red flag. Again, it's very, very important to kind of watch this 332 area, 332, 331 area on the spies. Again, if the bear starts season control again, nobody's talking about a swan dive into 300. All we're talking about is an orderly back test right back to the 10-day moving average initially. Again, we just kind of want to take baby steps little by little, little by little. If you look at the diamonds, again, very, very strong. They broke out. They rested today. Again, granted, they gave up 300 points, 350 points to the upside. So that's a little bit of a red flag, maybe a reversal bar. But again, the most important part is, again, taking a day by day, having an opinion, and see what happens. So tomorrow, I think outside of Tesla, again, I haven't read the news. I kind of have an idea what it is because I'm watching this thing move up aggressively. But if you look at all the other beta names today, you'll see a lot of similarities. You see Amazon trading to the bottom of the range. Again, is this going to confirm tomorrow? That's the plan, right? That's the plan. Any gap up tomorrow, that is sold, that confirms today's channel will go lower. We'll see. Look at Netflix. Netflix first closed below the 50-day moving average. Obviously, that's negative. We're going to watch that for tomorrow. Very, very clean, right? Very, very clean action there. Roku, again, another name that's attempting to break down. The only reason it held up today was this 143 Rising Bollinger Band. So again, we're going to look for confirmation for tomorrow's cycle as well. So it's a pretty clean day for tomorrow as far as setups. I think it's pretty clear. All we need to do is kind of wait for the setups, wait for the confirmations, second entries, and again, strike with extreme prejudice and confidence knowing that technical analysis is usually going to provide a pretty good guide of what's going to happen next. If you look at the pivots today, again, you'll see a lot of really strong aggression. Very, very strong aggression today. And again, it was predominantly, it was definitely predominantly to the downside. There were some long plays today, like Boeing, for example, like Facebook. Not many, right? Not many, but you could see the aggressive nature of the selling and you'll see a little bit of muted action to the upside. So let's talk about this. So BYND 12680, 12650. If it builds below, it can flush. Here was BYND, right? So here is the 2680, right? So here was the 2680, right here, right? 2680, 2650. Again, went all the way down to 25. Very, very strong move. I put in the wrong prize, guys, so I apologize. It was 3100, 3100 on Amazon. It wasn't 3,000, so I apologize. Closed at the lows of the day. Closed at the lows of the day. Again, we're going to be traded all the way down to the 30s, 70s. We're definitely watching tomorrow's downside channel for more extended selling. But again, you kind of get the idea here. Overstock got destroyed. Not only did overstock get destroyed, overstock, I think they did an offering after the close. So here it is, 90 and a half, 90 if it builds below can flush. Here was overstock, right? Here was overstock. Here was the 90, the pre-market and traded all the way down to 85. And after the close, again, it's kind of moving lower on that offering. Shop got hit, 986 if it builds below can flush. Here was shop, right? So here's the 986, right? Here's the 986 and went all the way down to 964. So you could see very, very strong aggression, especially at the open. V-ray didn't do anything. I think it traded to like 360, 361 and kind of fell apart. NIO didn't even get close to the 1590, 16 area. Boeing was very strong today. Boeing 18520 needs to build. Here was Boeing. Here's the 18520, right? Here's the 18520 and traded as high as almost to 190. Big move there on Boeing. Shop, yeah, Roku got hit as well, 14850, 14750. The two areas of support if it builds below can flush more, right? So here was Roku, right? So here was Roku. Here's the whole 14850, 14750 was yesterday's low and went all the way down to the 143 level. Really got hit very, very hard. So again, this is kind of the effect of what we're looking for for tomorrow's session, especially if all these stocks start to confirm macro. Group pot was actually a pretty nice little move. 2680, 27 needs to build. Again, not a huge move because again, the market is weak. You can see the market's weak. So here's the 2680, 27 level, traded up to 2750. Again, not a big move. Again, everything got pulled later, obviously. So that was that. FSLY, I caught a pretty nice move here. 75 for builds below can flush. I covered, I'll always cover it was in the 73s. So here was first FSLY. I still like it for tomorrow. So here was the FSLY. It took out this whole 75 range. Traded down to actually 7250s. I definitely, definitely still like it for tomorrow. FSLY, take on the way down. Nice flush, new highs. I said 2770s potential traded to 2750s. Facebook, again, not a big move. Again, it really did show what happens. It really does show what happens when there's a buyer strike. Even strong stocks get pulled. So 265 is supply, needs to build. A buyer is coming in for the 250 calls. Again, only one up, less than a buck. Again, that's the whole point. So here is the 65, right? Here is the 65 traded, you know, just traded about 266 and then got really, really pulled with everything else. So very, very important to understand where the at least sentiment meter is. And the same thing Roku, Roku 152 needs to build. Only ran up a quarter, right? Literally only ran up a quarter and then faded pretty back. Hard pretty, pretty aggressively. Amazon obviously never got back to the upside here as well. Tesla, again, you know, again, I'm pretty confident I already know the news before I read it. A 1385 line in the sand, you know, went down about 15 points. This would have been the number, right? This would have been the number. But again, I have a suspicion I already know what the news is. SPAQ never got up there as well. So again, you know, I'm definitely setting up sell bias for tomorrow. It's going to be very, very interesting to see if the bulls can muster. Again, it's very, you know, we've been here before. It's kind of Groundhog's Day. But it's going to be very, very important to see if the bulls can, you know, not only hold, you know, not only hold this 60 minute, you know, 60, excuse me, this rising daily watch, but you can see it off the 60 minute channel. It's exactly the same view. So if you have a confirmation both on the 60 and the daily charts, you could have some aggressive potential swan dyes. But again, we wait. We're not forecasting. We're not, you know, we're not trying to will these stocks lower. We want to see confirmation. We want to make sure that we are entering these trades properly. Again, if I'm wrong, it's not going to cost me any money. Again, I say this all the time. You could be wrong a thousand percent. Literally, just don't be wrong financially. Don't be stubborn. Wait for these plays to play out. Guys, have a great night, everybody. I'm going to go look at the Tesla news. Have a great night. Oh, God's help. I'll see you all tomorrow. Take care. Congratulations for putting in the time to take control of your trading. You're one step closer to owning your future and achieving the success you desire. Want daily trade ideas directly from Dan? Straight off his personal watch list? 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