 I think the most important part of what we saw today was, number one, we closed, this is the lowest close in this whole formation here, and the most disturbing thing if you are a boy. 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, happy Monday everybody, and welcome to another edition of the Access a Trader.com nightly wrap up show. Hope everybody's doing well, hope everybody had a good day. So let's talk about it technically, and then we will kind of give you some ideas of what to expect for tomorrow. Again, we continue to build below the 50 day moving average. Now, this is a full week of trading. I think the most important part of what we saw today was, number one, we closed, this is the lowest close in this whole formation here, and the most disturbing thing if you are a bull. And again, I don't wanna make it more dramatic than it is, but the point is every single time there was a little bit of traction on some of these names to the upside today, they got rejected and they closed lower. And the point is when you look at the indexes today, it's really not a big deal at all. You can see a pretty flat session for all the indexes, all the major benchmarks, but the most important part is we gap lower, we went higher, we went lower, we went higher to close lower. And in the process, this five day moving average continues to decline as well, now it's well below the 50 day moving average and we got rejected off the five day as well. And the only thing that saved the cues today, the technology needs from really getting very aggressive, they hit the lower Bollinger Band and kinda bounce, the key is if they start losing this 134 level and get below the Bollinger Band, that's when you're gonna see probably much more aggressive potential selling. When you look at the SPY, again, kind of the same thing, this is the lowest close in this whole formation, same thing, kind of a carbon copy of the cues, we got rejected below the five day moving average, again, short term sentiment, and more important is we're continuing to build below the 50 day moving average. The only question is, what's gonna get these things kind of going? And obviously we started our earning season, Bank of America kicked off the earning season today, not bad, right? Not bad at all. Again, the banks have been, despite the potential rising rates that we were starting to see, you would think these financials would be much better off and much more aggressive in nature, but they're not. They're absolutely not. So financials are not really the guiding light of a potential rebound in equity prices. Tomorrow kicks off the official start for beta earnings. You have Netflix kicking off tomorrow. Again, as you can see by the last quarter, not a lot of love, right? Not a lot of love in Netflix and chill. So unless they come out with something really, really aggressive, you're probably gonna have another sour quarter in front of you. IBM also reports this is the king of missing out on their quarters, although they've been a little bit better the last couple of times. You can see here, this is the last quarter itself. But the big one this week is going to be Tesla, right? We saw some pretty big call buying anticipation of earnings. We saw the weekly 1050s, the 1060s, and even the 1100 calls ahead of their Wednesday after the close release, and then you could see, look how tight this channel is. Obviously, it's either going to break above this channel, I don't know if it's gonna be pre-earnings or not, or below this channel, pre-earnings or not, but the point is these levels are still valid even when they do come out with their latest quarterly release. But the key is continuation of this build below the moving averages. There's a lot of names that are still sucking wind. We talked about, again, the value to the downside on the weekend update. We talked about snow, right? We talked about snow to the downside, which had a pretty big move down. Yeah, I'll tell you one thing. This rig continues to be nice. This is what, a day three, four in the trade, starting to be nice. It traded today into the mid-480s. I think there's a shot, it sees the 490s. The key is if it could just now get above this 490 level on a close, maybe goes back to this 556 highs from March the 8th. But again, nice little move. So far, a nice little three, four day move on a rig. Pretty solid day. You had a lot of names that broke down in the morning kind of reversed course in the afternoon. Swear we talked about in the weekend video. Got below the 50-day moving average, not a huge move. Only went down a couple of bucks. That lower Bollinger band kind of saved it. One of the bigger ones today was this Disney, man. Disney got smoke. I mean, absolutely smoke. We'll get to the individual pivots in a second. But you kind of see that the big individual value continues to be to the downside. Even some strength today, when you look at the semiconductors and you turn around today and you said, well, the semis are strong today. I mean, look at them. Are they really strong? Can we really still say the word semiconductor is strong? They didn't even take out the previous days high. Again, if this SMH is going from 284, right? From 284 to 237, can you really turn around at 242 and say, wow, they're really strong today? Probably not. So that's kind of my point. There's a lot of names that even if they have updates, they're kind of going into supply or there's just not enough room. Like for example, NVIDIA, nonstop call buying, nonstop call buying, nonstop call buying, all this damn thing is done is rally to the five day moving average, just like the Qs and they got rejected. Couldn't even take out the previous days high. So until the most basic thing is for their stock or an ETF or anything to rally, the most basic thing in technical analysis, they at least have to take out the previous days highs first. And we're just not getting that anywhere, literally anywhere across the board in any technology shares. Are the oils doing well? Absolutely, oils are going higher. I mean, look at the price of the pump. You don't even need to look at charts to figure that part out. But again, if your game is technology and I am pretty much 99.9% technology, it really is value continues to be to the downside. So let's talk about the only thing I could possibly, the only thing I could possibly think of, if these, if they come out with some great numbers, Netflix kind of sets the tone and Tesla follows through and then you got Apple and Amazon and Facebook and Google and Microsoft. Yeah, of course they could save the tech space just like that on a moment's notice and reclaim not only the five day moving average, but reclaim the 50 and have a powerful rally going into the second quarter. But again, you can't predict that to happen. Nobody's going to guess to be that way. It is what it is. So let's talk about today's session. Amazon never got down to the 29.90. This is still very, very valid. STT we talked about on the weekend update. Again, when you see a stock blow up on earnings, there's a high probability it's gonna have a day to decline. 75, 50, 75, if it builds below it can flush. This was supposed to be Thursday's move, Friday we were off. Here was STT, right? So it had that day one earnings. It took out the 75, excuse me, 75, 74 area, traded all the way down to 72. Nice move there on STT. Apple held 65 twice, not a big move down. Went down to like 63 and changed pre-market and then kind of hovered around the 65 level all day. Square, 1,1950 needs to build. If it builds below it can start a multiple day. I mean, it went down to like 1587, but it traded kind of funky. For all you guys that took the trade, it traded really funky. It got down to like 17 and then balanced. It went down to like 16 and then balanced and then went down to 1587 and then balanced. It was like all over the place. But again, one more day, I think it needs one more day to get down below this Bollinger brand here. You could get a bigger move lower. But again, it is what it is. Let that be a worse problem. NVIDIA made an initial move to 1079, never gave a second entry. Target, I think we talked about Target on the weekend update as well. 238, 20 needs to build. Target had a nice move, really, really nice move here. So here was Target, took out the 3820, went to 41, 26. Nice move there on target. Disney got destroyed. I don't think I remember. And it's not like the Dow was down 500 points. Disney, I don't remember Disney going down so smooth without even an uptake. It felt like there was a liquidation going on at one point. 130 held several times daily if it builds below Conflush at 130. Here was Disney, check out the intraday charts. Here's the daily chart held 134 times. But look what happened here on the intraday chart. So here was the 130 level, right? So it takes out 130, just sits there. I hang out right here. It is right here, right? So it takes out the 130 level. It just sits around 129.5, 129.40. And then this candle came and just took it all the way down to 126 and changed. So really good move on Disney. Good job for you guys who caught that as well. And I believe that is it. Tesla, you know, I'm gonna watch Tesla for tomorrow. I think if they're gonna run Tesla at all, it's gonna be a day right before earnings. I wanna keep an eye on it. And if they, especially if they start buying weakness into the morning, 60 minutes support. Here comes Disney. First support is 2780s, went down to 126 and change. And that's it. So, you know, I think the theme continues for tomorrow. I'm gonna watch for additional weaker names. Let me give you guys some names that I am watching for tomorrow's session. Let's see, let's see, let's see, let's see. I like Fast and All, check out Fast and All. First move here below the 50 day moving average. If Fast and All confirms this channel below the 50 day, obviously that 50 day is important, could get hit. NET looks pretty good as well. It's, again, it's holding on to dear life on this 50 day moving average. This thing starts losing the bottom of the channel here. Can start its next move down. Dash, right, door dash, which I've been recently using. Same thing, right? It's been kinda holding on to the 50 day moving average. I think if it starts building below and the market continues to get weaker, I think it goes as well. So, the key is, again, let the technicals give you, right? Let the technicals give you that green light to buy stocks. We saw today, we've had this conversation in nausea, every single time the market goes up while we're still on the supply. Yeah, these stocks are moving up, but they're not going higher. And as you could tell, half hour, 45 minutes, two hours later, the market goes red and it's been doing now and now for like five days in a row. And again, the longer we build below the 50 day moving average, the higher probability, we're gonna get one of these again and one of these again and one of these again and one of these again and one of these again because again, it's building a base and the last thing that bulls wanna do is start building a base underneath supply. So guys, have a great night, everybody. God bless, have an awesome, awesome night, have a great trading day tomorrow. Well, God's help, I'll see you all there.