 I'm so biased going into tomorrow right obviously the CPI number is going to get to 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 comm nightly wrap-up show hope everybody is doing well a lot to talk about I apologize there was no video last night I was so tired just because of all of yesterday's action I was so tired I don't even remember yesterday's action just because of all what happened today as always guys I want to thank everybody for your contribution to to what we do your support what we do again if you could be so kindly and just hit a like right hit a like and support the channel like share and subscribe to the channel if you haven't done so and we will appreciate and continue hopefully giving you a lot of value in the future so let's talk about today right you go all across the board you got 2 plus declines in all the major indexes right a lot of news to obviously digest you look at the Dow down 650 points today you look at all the things that investors and traders for that matter have to kind of digest tonight today and the whole things you have mid-term elections very very too close to call to see who has control of congress apparently the market did not like that and started really selling off today especially in the afternoon you have you know you have all this craziness going on with you know bitcoin right bitcoin under 17000 the whole saga with FTX again I only heard about the name you know I'm not in the crypto space I only heard about this FTX only a couple of days ago when they started betting heavy on coin to the downside so apparently there's a big fallout right with this whole FTX crypto currency exchange which is basically taking bitcoin and all the other coins you know pretty much to the woodshed which is you know pretty scary because that again you know it really shows you where the speculation money is and again it's something I always say all the time when retail okay is in the same space at the same time and looking for the same results usually you know unfortunately usually bad things are going to happen again you could go through so many things you know the dot-com area everybody right dot-com easy easy money easy easy money then years later right you have all these you know cryptos and NFTs again everybody's gonna get rich everybody's gonna get rich as rich um NFTs so forth and so on so you know you can you can reference like names even like in the stock sector like AMC and game stuff again everybody's in the same thing at the same time and unfortunately it really is a musical chair when there is speculation money and anything in any asset class and unfortunately a lot of investors and traders are seeing the ramifications again I try to give a very unbiased opinion every single day again in my opinion as I've said through every single broadcast is completely irrelevant completely irrelevant you know everybody has an opinion everybody thinks is going to happen but thinking what's going to happen is not high probability the stock market reacts big versus technical analysis and data and news obviously a catalyst for a lot of things to come and speaking of which we have a very very big number uh going into tomorrow is the the CPI the inflation you know readings to see to kind of give us another clue of what's going to happen right what's going to happen down the road and you know if you believe in craziness right and you thought today was pretty aggressive to the downside like it I think the market's going to turn around to us tonight and say well hold my beer wait till to see tomorrow and the reason why we say that if you look at September's CPI and again we we know how you know pretty bad the economy is we went down 1200 points right if you look at October's CPI we gapped up 500 went down 300 and rallied 800 so who knows what's going to happen tomorrow right we we absolutely don't know I I know I don't know you know people ask me all the time what do you think is going to happen next week I couldn't tell you what's going to happen 15 minutes from now let alone next week again we have data we use data from the previous night's research like today's close is giving me data for tomorrow right the the only thing I I don't know what's going to happen is after the CPI number is going to you know is going to be released you know again at some point tomorrow we either going to be looking at you know a doubt of 500 or down 500 right so it's very very tough to say well I'm definitely having my watch list I'm definitely watching those stocks in the watch list and they're going to play out maybe they do maybe they don't but again this is what we say all the time it's best to be it's best to be prepared and again as you can imagine I'm I'm sell buys going into tomorrow right obviously the CPI number is going to dictate completely something different right that's more 830 the the market go up 600 points who the hell knows and that's the whole point it's the unknown but again prepare prepare prepare and wait for confirmation and again I said this every single day you could be wrong theoretically right like I'm sell buys going into tomorrow we'll talk about the levels and why but if you know if but if you're not wrong financially and just kind of not anticipating what's going to happen tomorrow then you'll always be okay and learn to fight another day I thought today was a very weird day very very weird day I you know I knew going into it that might be at least you know for the first part of it might be a little bit slower just because again you know we're waiting for the results for the midterm elections a little too close to call and you know traders kind of assessing kind of brainstorming what might happen tomorrow on the inflation report and the market today for the first I would say first three and a half hours did absolutely nothing like it really really didn't do nothing like look every trade that we were taking was like was it going down like 50 60 cents I was like oh my god I know we're trading stocks the normally have an 8 10 $12 average to range and then they're sitting there for like Amazon I shorted Amazon today it was sitting in a 50 60 cent channel today for like three hours it was just absolutely amazing and the most part of it was like around lunchtime I turn around go ah you know what you know let's wait for tomorrow right let's wait for tomorrow I'm going out for lunch I'll see you guys in an hour and when I came back in that one hour everything that we were watching absolutely imploded so I literally missed every big level today because every little every big level started today literally at lunchtime and just continued and by that time I'm like look I'm not going to start chasing lower prices so you know I took a cup of coffee today very disappointed because I literally left and Tesla went down eight the Q's went down like three I mean like everything like Amazon finally broke down Apple finally broke down my so whatever it was kind of one of those days that you know was just if I just stayed for an extra five minutes five minutes I would have participated in the afternoon but again you can't do everything and again I have this I have this rationale that you know God gives you right God gives you what you're supposed to get not you know not more not less so sometimes you get everything sometimes you get nothing sometimes you're the pigeon sometimes you're the windshield and that's kind of how the market works so let's talk about some key levels today right everything is getting shelved first of all let me talk about Tesla we've been talking about Tesla for for a while now we talked about over the weekend video it broke down lowest support I mean they they are coming right and yesterday we finally got our answer who was selling Elon sold about four billion shares four billion dollars excuse me of Tesla shares it continued today just absolutely destroyed we saw today 170 160 145 short-term expiration bets with a lot of capital behind it wasn't like retail guys you know betting 800 bucks 1200 bucks you know a couple of grand you know they were coming in for a ton of size short-term expiration 170 weeklies 165 weeklies next month 145s I mean this thing looks it looks broken it looks really really broken and you know again I love Tesla you know I traded on both sides but boy oh boy investors of it are definitely definitely holding a pretty heavy bag right now and hope we'll see we'll see what happens as that story unfolds but technically we did lose some key levels and the first one I want to talk about is the Q's and again it doesn't seem like a lot Q's were down you know NASDAQ was down like 2-2 and change today 2.5% the most important part of what we saw here what we've been seeing on the NASDAQ front is again they never rallied right if you've been watching this update just in the last you know two three weeks the NASDAQ never rallied with the rest of the market as as the S&P and the IWM and the Dow were really really cementing at least for a short term above the above the 50-day moving average the Q's kept on getting rejected that was very very important to understand and then they started taking down some key levels if you've been watching this video there's 270 70 level there's 272 level and then today and then today yesterday they got stuff that the 10-day moving average and today it lost the five-day moving average again if you're if you are brand new to this channel and not familiar with the five-day moving average the five-day moving average is the shortest term sentiment it's not supposed to be gospel it's not supposed to be set in stone but whoever has control of the five-day will probably there's a high probability that it will get pulled or pushed into the next supplier demand zone and if you look here and this is the whole point of the PS60 theory stocks trade from demand to demand so if the Q's confirm and again unfortunately for us you know there's you know there's always a possibility that the Q's you know they just gap down six seven points you know I mean so you know I made the watchlist today I like I definitely like some names but I'm just I'm just really afraid and I just have this really weird feeling that our watchlist is any of burnt literally at the CPI number and then we have to kind of switch the plan B through Z but the whole the whole point is if we do kind of have like a staggering staggering report and the market goes up and down up and down up and down then we have we'll have a shot at the bottom ranges here if you know Q's start losing the 63 level here and we'll get to the individual pivots today but if Q's start losing this the 63 level there's a shot we get to this 258 level on the on the Q's if you look at the spiders today right if you look at the spies exactly the same thing you know you know lost the 50-day moving average lost the the 10-day the five-day moving average and this is the lowest close in this whole formation taking out two days worth of buying if we get it start building below 373.60 again you know this is all up in the air on the CPI number but this thing starts losing at 363.373.60 373 level there's gonna be more downside to come and the Dow you know that's the one you know in a weird way that's the one that's actually holding up better than the rest you know here's the 50-day we're way still above it I traded today to the 510 but the diamonds start losing the 325 level tomorrow we'll you know the diamonds gonna start heading lower so yeah I mean we'll definitely sell by us tomorrow we'll see what happens right we'll absolutely see what happens with the CPI tomorrow evening we could be talking about little literally like hey you know the CPI took the market up 600 oh hey the CPI took the market down 600 so again we just have to prepare and see exactly what happens the one thing that we do have control of is our game plan our emotion and our ability to be a professional right to be an adult to sit there and wait patiently for everything to play out what we don't have control of is news events and data right we don't know what's going to happen and nobody else knows what's going to happen so if you're trying to handicap what do you think is going to happen all I got to tell you is look on look at September CPI they went down 1200 look at look at October CPI we went up 850 it was exactly the same thing nothing has changed materialistically in the economy nothing has materialistically changed in the Fed so again flip a coin right here again I got a dime here flip a coin heads is good tails is bad right to be determined so let's talk about let's talk about some pivots today and again I'm very frustrated about what happened today it's just like everything collapsed as soon as I went to lunch so I'm a little bit peed off so anyway let's talk about it um you know yesterday coin got destroyed 54 54 20 uh 47 69 if it builds below can flush again they were coming really really aggressively I won't go there um for the for next week's 40 dollar puts right I got hammered yesterday uh and again with all this stuff going on with Binance and FTX again coin just continues to get that continues to get just just taken down 47 69 it traded all the way down to 44 uh Roblox uh you know bad earnings 33 has monthly support if it builds below can flush 32 26 is the pre-market lows it needs to confirm here was Roblox right here was Roblox it took out here's the whole 33 33 20 area traded down to like 31 you know it's going lower tomorrow uh Apple you know Apple the play is tomorrow I'm praying I'm praying to the market gods it gives us a setup I really do 3750 yesterday's channel if it builds below can flush here is Apple right so Apple flushes Apple flushes 3750 goes down to the 34s guys watch the bottom of the range here on Apple they're coming for the 130 weeklies like like it's the last time to buy these contracts 130 weekly plus if this thing loses bottom channel here this thing is toast again CPI let's cross our fingers uh in the video we didn't have a chance to trade it they just killed this thing right off the open it went you know 141 needs to build they killed the video right off the open like literally they killed it right off the open went all the way down to 137 I still like it for tomorrow but didn't have a chance to to get that uh Q's uh 266 40 held twice if it builds below can flush and again that was the catalyst for the Q's it lost that 66 40 lost that 60 65 65 50 yesterday's low it took out this range is low it traded all the way down to 63 again prices look lower there uh Microsoft just a quick little scalp quick little scalp in the afternoon I again I couldn't get anything more than like a 50 60s that move I was so frustrated um you know Microsoft 225 84 if it builds below can flush they're massive buying came in for the February 200 puts I mean went down like 50 60 cents and nothing I like Roku tomorrow I'm still waiting for that um and I was joking around there was a pivot I put in before I left I go guys watch you know watch the one one uh 186 pivot on Tesla even put it down and now you know I went to lunch and go ah it's only a couple of bucks and then and when I came back upstairs there was only eight nine bucks so that sucked as well uh and that is it the only thing I Amazon right Amazon again I shorted Amazon went down to like 80 you know 87 12s 87 20s and it sat there for like three hours I took some off I covered when I went when the rap market started rallying when it came back from lunch it was like 86 I'm with a throw up so anyway it is what it is look let your worst day be a good one what your your you know again the cost of doing business up a little bit down a little bit you know flat you know it doesn't make a difference it's called the cost of doing business as long as you are rational as long as you are looking at the big picture you're going to be okay obviously tonight the big story is um uh the midterm we'll see what happens there when when everything gets um rationalized and then tomorrow the CPI number usually there's not um uh usually there's not a Thursday video but since I didn't record when yes I was just really really tired tomorrow I will record and hopefully the CPI is a good friend to our setups guys have a great night God bless and I will see you all tomorrow take