 We don't have to guess guys, we just absolutely don't. Remember, none of us are that smart to predict tomorrow's winner, okay? This is not about trying to sound smart or being smart. I'm as dumb as they come. I'm a doorknob, I'm an end table, okay? I need price action to not only tell me what's going on, but I need it to scream at me really, really aggressively to tell me what's the next move. 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, you doing everybody. Welcome to another edition of the accesstrader.com Nightly Wrap Up Show. I hope everybody had a good day today. So last night, there was no video. I was fighting some sort of bug, 24-hour bug kind of knocked me out yesterday, woke up today, much better almost, you know, pretty much a hundred percent. So take care of yourself. When you feel your body kind of giving you signs that something is wrong or you're overwhelmed or just physically or mentally exhausting, well, it's probably you know, take some sort of precautions, luckily just turn into some sort of 24-hour bug. And here I am. So let's talk about the market. There is a good news, bad news. Situation brewing. That's probably going to affect your trading tomorrow. Okay, so if you've been watching this broadcast for a long, long time, I was very, very self-biased for the more, you know, probably about three weeks area. And market short-term, I don't want to use the word bottom now, but the bulls did a very, very good job, started reclaiming levels. And we knew that the ultimate line in the sand for the bulls to kind of seize control was going to be the 50-day moving average. And the bulls did a phenomenal job. Absolutely phenomenal job. Reclaimed level after level after level. This morning they woke up above the 50-day moving average over that 320 level. And the next area of concentration, if you guys again have been watching this broadcast for a while, you knew that this level up here has been rejected several times, right? So 324, 324, 324, 324. And if you look at the high here today was 324. So we have kind of like a good news, bad news situation that, yeah, I think it's going to definitely affect your trading tomorrow. The good news is we finally closed above that 320 level. So bulls did an excellent job. Not only did they rally off the bottom, but this is the first close over the 50-day moving average in quite a while. So that's a good thing. The bad news is we got rejected off the 324 level. And now, remember those channels we talked about a couple of weeks ago, how important that 311 was to defend on the way down and how important that 324 level on the way up. And you remember how everything was very, very choppy. The channel started consolidating and getting tighter and tighter and tighter. Now think about that. That was a range from 324 to 311. Now we have a range from 320, right? The 324. So you're talking about now, instead of a $12, $13 range from here to here, now we got a $4 range to really, really try to navigate from. So I asked this question on Twitter and I said, based on this close, would you think this is a bullish or bearish close? And the one thing that still amazes me, and this is not a bad or good thing, just to show you how many different thoughts that are out there. So I asked this question on social media and I've always maintained that nothing is subjective. It's like looking at a piece of art. You look at a piece of art and you say, I really love it. The next person comes along and they go, I hate it, this should burn this thing before anybody else is subjected to it. And technical analysis without a very, very major or very definitive line in the sand is very, very subjective. And some people turn around and say, well, Dan, this is obviously a very bullish close. We finally reclaimed the 50 day moving average. They're absolutely right. Somebody could turn around and say, Dan, this is a very, very bearish close because again, we got rejected for the fifth time in a row at the same area. And you know what? They're right as well. So we're kind of in a scenario that you ask a hundred different people, you get a hundred different responses, but the most important part continues to be where these technical areas are and for us to really dissect what the market's telling us. You know, gun to my head, right? And if you look at charts going into tonight, you'll see a lot of really bad charts, right? Considering we just went from on the cues from 297 to 324, you're gonna find a lot of bad looking charts. You're also gonna find a lot of charts tonight that had big runs and got rejected at supply. Okay, so this is really brewing for tomorrow's session like in layman's terms, a pretty aggressive chop fest. I do believe there's some pretty good value shorts for tomorrow, okay? But I also believe that if you really dig deep enough, you can find some pretty decent loans as well. And the one thing that I will tell you, if you are completely biased in one direction for tomorrow, you're gonna find yourself pretty beat up, okay? I give you my word because again, when you're trapped in a $13 range, it's a very, very tight window to make money. When you're trapped in a three to $4 range, right? Think about it, from 324 to 320 and change, you got a what, $3, $4 window? It's gonna be very, very tight. And here is the absolute worst part of all, right? Here's some stocks that really never participated, right? You could see here, Tesla had a big, big run over the last three, four days, you could turn around and say, well, this is bullish a bearish. Again, I can make an argument both ways, but you could clearly see here, Tesla lost the previous day's channel and now it's looking to kind of roll over. You look at a stock like Alibaba, right? It's pretty much nothing to argue about. The stock looks like crap and never participated. As the market was taking out all-time highs, the stock is just bleeding and bleeding. So at least you can identify where the weakness is. You look at a stock like Beyond that had a really, really big, aggressive start of the year, completely rolled over, got rejected off the 50-day moving average and just keep this in mind as I kind of dictate, not dictate, I don't use that word, kind of reiterate my point. You see how Beyond yesterday got rejected at the 50-day moving average and kind of rolled over, right? Now, here's my point. Look at the members of the Qs, right? You see where Netflix got rejected today at the 50-day moving average, right? Look what happened the next day after Beyond got rejected on the 50-day moving average. Rejected, rolled over. So look at Netflix, right? Look at Netflix rejected. Look in the video, right? Rejected, right? So there's a lot of names. If you go through a lot of charts today, you'll see a lot of similarities. Now again, it doesn't mean that we're gonna roll over tomorrow and go back to the lows. That's not what I'm saying. What I'm saying is because we have such a tight channel, can these stocks wake up and reclaim the 50-day moving average? Absolutely. Can the Qs wake up tomorrow and reclaim today's highs? Absolutely. But again, this is one of those scenarios we don't have to guess, guys. We just absolutely don't. Remember, none of us are that smart to predict tomorrow's winner, okay? This is not about trying to sound smart or being smart. I'm as dumb as they come. I'm a doorknob. I'm an end table, okay? I need price action to not only tell me what's going on, but I need it to scream at me. And really, really aggressively to tell me what's the next move. And although you could turn and make a really, really good valid point one way or another, just remember, your bias is a very, very destructive way to kind of get your account to start bleeding. If you believe one way or another and the price action starts building the completely opposite way, you're going to find yourself in a world of trouble. And the last thing we want to do is paint ourselves in the corner, bull, bear, and tomorrow will be indifferent and kind of let the next day or so play out. Eventually, two things are either going to happen. The bulls are either going to reclaim on the clothes this 324 area where it's got rejected now, one, two, three, four, five times today, or, right, or they're gonna close below the five-day moving average and start making this way back down to this level here. It's going to happen, one is going to happen. It's not gonna stay here, that I give you my word. But until we get a green light, whether it's on a long bias or short bias, I think it's incredibly important tomorrow, tear down, that's number one. Tear down until we get a very, very clean sign. And for those who are making that really aggressive case, while this is a quadruple, quadruple top, blah, blah, blah, we're gonna go lower, just keep this in mind. We never took out the previous day's low. You can't make that statement, we're going to do this until the stock or the market or ETF takes out either the previous day's high to the upside or takes out the previous day to the low side. So the idea that you can say definitively, we're going lower tomorrow or we're going higher tomorrow, you're guessing, you're guessing and you're just trying to prove a point that your voice matters and my voice doesn't matter, your voice doesn't matter. It's all about what the price action is going to tell us. So if you are trading tomorrow, of course, I trade every single day, I'm active every day, some days I'm less active, some days I'm more active. But when you're looking at a close like this, right, which is literally you take a coin, you flip it and you can make an argument in both cases, tomorrow be responsible, trade less, take less tear size, right? Unless something really stands out that's so visually easy to really wrap your head around, don't do yourself any favors by trying to squeeze water out of a rock. It's just, again, this is the rock. We're in a very tight rock, right? 324, 320, something's going to give here whether it gives tomorrow or the next day or the day after, just be a responsible adult, wait it out, let the trades come to you. Again, your job is not to search for trade. You'll be surprised how you'll just sit there and something will fall into your lap. And when it finally does and it confirms macro wise, that's when you start putting on capital and that's when you start putting on exposure on a very, very aggressive and confirmed basis. So be very, very wary about tomorrow's session. So let's talk about today. Again, you're not going to have many things that are really, really exploded or imploded. First of all, we were looking at the upside. What's amazing was at two o'clock, just because we got to that top of the channel on the cues of 324, around lunchtime or so, I was 2,000% long-bias, right? 2,000, we reclaimed a 50-day moving average, we're attacking the top of the range of 324, unless the market really made a statement and sold off, tomorrow was a no-brainer, tomorrow was playing aces, we're getting dealt aces, tomorrow is going to be in tremendous premium hand and ta-ta-ta-ta-ta-ta, game over, right? So that's the point, never forecast, never anticipate, let the price confirmation, let it confirm to you that it's going to be okay, that your thought process is in the right direction and until it really does play out, it's only a setup in your brain, right? It's only a setup in your mind, it's only a game plan that you're putting together and it's just an opinion that you're formulating until it actually happens, you have to let it play out and that's exactly, unfortunately, we were super bullish around noon, right? 4 o'clock, not so much, so we're kind of flip coin going into tomorrow. So let's talk about today's pivots, obviously I was watching for an upside move on Tesla 17, 19, 17, 20, never came close, right? Never came even close, actually like a pivot tomorrow to the downside, snow, which is again, which was so amazing and I kept on saying, there's so much coal buying in this thing, they were coming for the April 380 250 coal, like nonstop, the 300s, the 305s, and this thing just completely sold off, again, very, very weird. Square, I really liked it, needed to build 252, got the 252 pre-market and just really died on the vine and I'm saying to myself, how can we be rallying? How could the Q's be up three, four points and nothing's rallying and that was the whole point. Beyond, I'm waiting for that 151 needs to build and never came close. So we have four stocks so far that we're watching in the morning, nothing's building. Matter of fact, not only are they building, they're selling off as the markets rallying. Again, there was a lot of semiconductor strength today, but it was just so, so odd. RLX was a pretty good trade, nothing huge, but RLX 20 needs to build, here was RLX, here was RLX, here was the pivot at RLX and it actually looked pretty good for a while until the complete reversal. So I got long at 20, I was making sales in the 1940s, almost 50s and then it just got stopped out on the rest. It ran up like only 65 cents or so, but again, it got killed with the rest of the market. Again, always take money along the way, guys. You just never know. I was watching this setup here that never came close. Facebook was huge today. Congratulations for all you guys who did catch Facebook, 278 needs to build. Here was Facebook, right? Here was Facebook. It took out the 278, that was the top of supply of last week and went all the way to 282. So big move there on Facebook, DNN never came close. RBLX absolutely exploded, recent IPO, 74, 74, 50 needs to build on RBLX, here was RBLX, right? Took out the 74, 74, 50 and took out its IPO high of 78. Still looks higher for tomorrow. Keep an eye on this thing. It still looks higher for tomorrow's session. Big move there, take on the way up. On NVIDIA, 539, 540 needs to build. Only went up like a couple of bucks and then came back in very aggressively as soon as the cues got rejected. Again, this is how great technical analysis is. Look, the 50 days supply of Netflix is 533.60. Any close above it is super bulge, right? This is at 12 o'clock. Look at the high, right? Look at the high of the day on Netflix, right? Look at the high of the day on Netflix. It stopped within 18 cents of the 50 day moving average and got rejected. This is why technical analysis, guys, it's your lifeline. You don't need to ask 350,000 people, their opinions on the trade, where a stock is going, where a stock can stop. It's all right in front of you. If you embrace technical analysis, I'm telling you, you're gonna be shocked of your results. So again, big rejection here at the 50 day moving average on Netflix. So that's that there. Lizzie, if you caught this thing, God bless, I did not. It opened below Citron, you know, I don't want to use the word pump, Citron socially talked about it, right? I'm being very political correct here, right? 1115 needs to build. It got halted. It opened to under 12 and then the stock just absolutely went bonkers like 14, 15 bucks and that was it. So I think, again, going into tomorrow's session, guys, leave your bias at the door, leave your aggression at the door. We are really, you know, that that expression stuck between a rock and a hard place. Yeah, that's us for tomorrow. So we have to be very prudent, very, very decisive in our decision-making, but most important thing, and I tell this especially to a lot of aspiring traders, you don't need to trade every day, right? Especially if you guys are trading the option side. If you're buying premium, you're dead tomorrow, right? You're absolutely dead. Unless something really comes out of a range, you're absolutely dead if you buy premium. If you sell premium tomorrow, you better know what you're doing as well, but the most important part is let these channels play out. Maybe they play out tomorrow, maybe they play out the next day, but the most important part is they will play out and being patient will really pay off. Guys, God bless, have a great night. I'll see you tomorrow.