 You have Chevron, right? Chevron looks like it's imminent about to break out. You have a name like Conoco Phillips. Looks really, really good. So there it is. 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 AccessaTrader.com nightly wrap up show. Hope everybody is doing well. So let's talk about it. Okay, so Friday we reclaim the five day moving average which was bulge, right? And if you watch the weekend video, we talked about materialistically nothing has changed. We made a case, or at least I made a case about the last several times that we reclaimed the five day moving average, it resulted in a second or maybe a third day move. But overall, again, we're in a bear market. I think again, that's the most important thing. And until we get above the 50 day moving average, I know it sounds like a broken record, but until we get above the 50 day moving average, it has to be deemed as any type of upward bias is just deemed as a dead cat tradeable bounce from quote, unquote, exorbitant selling levels, right? That's the best way of saying it. So we reclaimed the five day moving average and all I kept on saying was over the weekend, I really don't think a lot about the markets. After I get my work done and try to decompress, but all I kept on saying is, if we can get it down open and we could trap some shorts on the bottom of the channel, I think we could get a day to run. And remember, you guys were talking about on the video, maybe we could get back to the 10 day moving average. So futures opened up lower this morning and it was perfect. It was absolutely perfect because Tesla was down only a couple of bucks. Amazon was down like five bucks. He had, nothing was down. I said, all right, this is perfect. This is absolutely perfect. They're gonna sell the market off, they're gonna trap these guys and we're gonna start rallying. And it started like that, right? It absolutely started like that. You saw a lot of things going green. We saw some pretty good option flow. There was an upgrade on Netflix, the upgrade on TTD. Amazon was about to take out the previous days high. Tesla looked like it was ready to wake up. It was all good. And then the day started, right? And the day started, the market started going up and down and up and down and up and down. And the one thing I kept on reiterating the point was, well, there's a shot that we are having an inside day, which an inside day is after there was a big move, right? On Friday, it was a 4% move on Friday. It doesn't take out the highs, it doesn't take out the lows, right? So if you look at the chart, it doesn't take out the highs, it doesn't take out the lows. It's called an inside day and that's actually bullish. And when you turn around, right? When you turn around and when they try to sell off the market the first time around, we held the five day moving average perfectly that we reclaimed on Friday and we started bouncing. And I made the joke was, I go, don't worry guys, when I log off around quarter to three, don't worry, the market's gonna go green, everything will be good, right? Obviously in jest, I obviously don't know that's gonna be 100% true. And right as I'm about to log off, well, the Nasdaq turns green, the Dow is up 300 points. I'm like, all right, cool, cool, cool. This is an inside day, the market's very, very strong. Basically everything we were watching from the weekend video, we're just gonna watch for tomorrow because they didn't take out their highs. So we're set up, right? We're absolutely set up. And I come back, right? Come back to the office and I look, I turn around and I go, we sold off. Here's the good news, right? Here's the good news. If you're looking at the market from a glass half full, right? You could take this day and say, look, we did not give back the gains from Friday. We actually, they attempted, they attempted to retake the five day moving average. They couldn't do it. This is super bullish. The bear is gonna turn around and say, what are you talking about, right? Nothing materialistic said changed like the idiot Shapiro has said a couple of minutes ago. We're still in a bear market rally. We had a two day bounce, blah, blah, blah, blah, we're going lower. They're not wrong, right? They're not wrong. We're still in a bear market. The only good thing about was when you look at the day today and I've always said for a market to be really, really strong, everything has to go higher, right? And you saw in the middle of the day some pretty good moves, right? From the NASDAQ. And I said, all right, we're gonna get this bounce. You know, you had a big move at one point on Microsoft. Facebook was pretty strong, right? Facebook at one point was really strong. Amazon went green. We'll get to the pivots in a second. You know, Amazon was fine. Netflix was fine. I said, all right, this is it, you know, tomorrow. Don't worry, all good guys. Hang in there, sit there. It's all good. Tomorrow, all these channels we find and it come back, everything is a lot lower. And now the question going in for tomorrow's session is, well, was this it, right? Was this the two-day bounce? Was this something that, you know, you got a window? We talked about the window. We really didn't get a day two follow through. Yeah, some stocks did like a Facebook and Microsoft and AMD, right? But we didn't get it as a group. We didn't get it as a tribe. So what's next, right? So I started looking at charts after the close and I said to myself, well, you know, it's very, very tough to get excited about tomorrow, right? A lot of stocks are in the middle of the ranges, as you can imagine. Again, when you get a 4% rally on Friday and a lot of them rest today or a lot of them up a little bit today, you're not going to get a lot of bang for your buck, okay? As far as this is a severe premium day until we got to one, right? And this obviously is the ultimate one that kind of saved my day today because I had a very sloppy day today. Really, really sloppy. We'll get to the individual pivots of the second. So it kind of saved my day. Tesla is the only one. We always save this all the time. For a stock to go higher, what has to happen, right? We said this a number of times. The stock needs to take out the previous day's high. For a stock to go lower, it needs to take out the previous day lower. And this is what happened today in Tesla. It took out Friday's low, lost the five-day moving average. It took out yesterday. And this was definitely the weakest one. Now again, you could call it, hey, this is part of the Twitter deal that Elon Musk turned around and started going, well, you know, there's like 20% of bots and you know, I don't know and I don't know and maybe the deal is still on, maybe the deal is still off. It looks like, like I said, it looks like he's fighting 12 different reasons to pull out and that's what I said, right? But the point is, it's such a very staggering market. It was so non-committal both ways. Yeah, again, the chop factor was definitely in full effect. We didn't get that massive follow-through that we should have got today. But you know what? It's not the worst case scenario, okay? Whether you made some money today, you've got a couple of paper cuts. Remember, again, the individual day is irrelevant, right? You can't look at your day on an individual basis when you have a five-seven offsuit and make a feasibility study on the whole market, you know, on your overall approach on the whole market, the whole market sentiment and what the market historically has done for the last 150 years, a day is just the day is just the day. And what I got out of today's session was, yeah, you could turn around and make a case, you wanna give the bulls the benefit of the doubt one more day, okay, okay, I could dig that, right? I'm feeling it. You could, you know, I'm picking up what you're putting down, but at the same time, I started looking at a lot of charts and a lot of names that really got hit, right? In the last couple of weeks, they lost a five-day moving average. So, you know, going into tomorrow's session, you know, I don't know. I'm kind of, you know, I'm kind of 60, 40 sell bias, even though, again, technically the market is telling me, and again, the NASDAQ is telling me that we did put in an inside day, but I'm seeing all these charts, right? Like NET, right? NET that, you know, that went down in earnings, ran up a little bit, lost a five-day moving average, say, that's not a good thing, right? A stock, for example, like Tesla, which is my favorite stock, you know, you can see how much room it has. This 40 points to the downside here, and if the market does pull, all my attention is gonna be on Tesla. Does it mean it's gonna go down tomorrow, down the next day, or up? It means nothing until it confirms today's channel, but at least this is kind of what I'm staring at. This is kind of the data that I'm bringing into, bringing into the webinar tomorrow. Again, the oil names look really, really good. You have Chevron, right? Chevron looks like it's imminent about the breakout. You have a name like Conoco Phillips, looks really, really good. So there is bullish bias in a lot of spaces, well, I would say a lot, but mainly the oils, okay? So if you're an oil trader, maybe you wanna go into that space, maybe watch that space tomorrow, and look at a name that is going to be, definitely going to be affected by the high prices of oil. It's Winnebago, right? All the summer travel, people are taking their RVs and all over the case. Listen, if I filled up my wife's truck, right, and it was like five bucks, five bucks premium, it was a 515, whatever it was, right? And I filled up my wife's truck and it cost 103 bucks, right? I can't imagine with filling up an RV for this summer must be. I couldn't even imagine. So if you look at Winnebago, right, it's kind of playing into that theme. Summer travel, high oil prices, and this is the lowest close in this whole formation, this thing's going lower. So it's one of those cases tomorrow, would it shock me if things kind of woke up? No, it wouldn't shock me, because again, we put in that inside day, but at the same time, I found enough stocks, right? Enough names that lost the five-day moving average. Again, say we're still in a cell bias market and if they do confirm, I'm more than happy to play them on the short side. So let's talk about a day, a little bit frustrating, not the simple, not the cleanest days. I've seen, you know, I got caught in Netflix and I missed up a $15 balance on Tesla and then Tesla saved my day on a natural pivot. I didn't do some AMD and I watched it around at three. I got some Amazon, a partial, it ran up 15 and came back in. I missed Roku that went up three. It was just such a weird, such a weird ass day, but you know, it is what it is. Look, you're not gonna have one of these days that every single day is a heat-seeking missile. Everything you do is correctly, you can walk on water, whatever you do is phenomenal. You're a human being, you can have a brain fart, you're gonna have a mental, you know, mental blood. Look, you're gonna pick the wrong one, right? If you told me today, you know, AMD, right? AMD, Tesla, Amazon, Facebook, Microsoft and Netflix got upgraded. You're gonna go with the upgrade, right? You're gonna naturally go with the upgrade and naturally that's the one that took some money from me. But, you know, look, there was definitely things to do. I don't think there was a scenario of not things to do. It was just more of like everything was effing pulling teeth and you're gonna have days like that and they're in a weird way and more frustrating than just having a clean loss. You say, look, I messed up, I screwed up, I messed up the process, I overlooked some things, get over it, blah, blah, blah, tomorrow's a new day. When you have a day that goes up and down, up and down, up and down, up and down, up and down, you're gonna tell you something to say, look, I can't take it anymore, right? Let's talk about it. So, let's talk about this. So, Roku, congrats, listen, if you caught this thing, congratulations, it's 98, 50, 99, needs to build. You know, Roku spiked up, it was not a bad move and this is, that was the whole point of like looking at Friday's research and saying, all right, we're gonna have a second day run. So, Roku takes out the 98, 50, 99 and runs almost to 102 and then obviously everything pulled. Tesla, we'll get to Tesla. This is what actually saved my day. If it wasn't for this, I would have had a, I wouldn't say horrible, not even close, but the point is it wouldn't have been a good day, right? AMC, I like, right? I kinda like this. It didn't trigger today. Guys, keep an eye on this AMC. It held 1150 twice. I know, I know, I know AMC's gonna 1,000, 10,000, 30,000. I know, I got it. In case it doesn't, right? In case it doesn't for all you guys who are trading the other side, keep an eye on this 1150 for the next couple of days. If this thing loses to 1150, you know, they came for the June 9 puts. If it loses to 1150, I think it's a shot it gets to 10. Nividia has a sneaky area for experienced traders, 170, 750, it's, it kinda stopped like 11, you know, 77, 60, 77, 70, stalled out and then died, right? AMD, I didn't take AMD. Don't ask me why, but I didn't. Don't ask me why. I don't know, I didn't. 96, 60 needs to build. They came for the June 100 calls. Here was AMD, right? Here is AMD. It took out that 96, 60 traded to 98, 20. I mean, it was a nice move, considering what we saw today in the market. That was actually a pretty, pretty nice move. Yeah, so we'll get to Tesla in a second. We'll definitely test in a second. The craziest part about Tesla is that the first trade on Tesla was a 751 remount off the open. So basically if all you guys who are brand new to trading, what a remount is after stock is strong, it comes into 60 minutes of support. And if it traps, right? If it traps shorts on that level, it squeezes back. So I bought Netflix first before the Tesla trade. Where the hell is the Netflix pivot? Did I not put it in? I might have not put it in. All you guys on the Twitter feed, you're lucky. So I bought Netflix opening range highs. It only went up 50 cents. I wound up losing $2. Ha, ha, ha, ha, ha. But it sucked, considering it was an opening range play and it's stalled out. So after I lost some money on Netflix, I had a 751 remount. So it goes through the 751 area, establishes a low. It gets above 751, so I go along the stock. It goes up like two points or so, not a lot. Because I lost money on Netflix, I became a little more defensive. Instead of using the law of the day, which I normally would have, especially in the beginning of the day, I decided to use break even as my stock. So can you guess what happened? Tesla comes in, stops me out, right? Stops me out, I make a cup of coffee in the trade and I watch the stock literally 30 seconds later bounce $15. I said to myself, okay, I wanna die, okay? Everybody leave me alone, I hate everybody. So yeah, that's how my day was going, right? That's how definitely my day was going. Fortunately, this pivot here definitely helped, I think everybody out, just kind of salvaged the day. 745, it builds below, it can flush. Even the move down, it literally went down 10 points and it went straight down 10 points, but it wasn't like that regular pivot on Tesla that goes down 10 points, it's very aggressive. One dude was just buying literally five, 10,000 shares every dollar down. So I was like, oh my God, this guy doesn't wanna leave. And after he left, can you guess where the stock went? The stock went all the way down to 719. So I wanna throw up literally in my mouth, but again, it saved the day. So I'm not gonna be too overly critical, but the point is this one stood out when everything was rallying, it did not. I definitely wanna keep an eye on Tesla tomorrow because remember, you don't need 100 trades, you just need one. So going into tomorrow, again, the good news is we put in an inside day, didn't take out the low of Friday, the bad news is okay, we're here, right? We'll see what happens tomorrow. Let's play it by ear, let's watch some oils, let's watch the techs, let's watch for option flow that we really didn't get today or anything really notable to talk about for the exception of the AMD calls that came out on that surge into the 98s, but more important, let the market digest, let it breathe a little bit. It'll definitely give us, we don't need to guess, it'll definitely give us the next way to go. Guys, have a great night, God bless, and I will see you all tomorrow.