 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. Greetings everybody, welcome to another edition of the AccessToTrader.com nightly wrap-up show. Hope everybody is doing well. So going into today, if you guys watched last night's video, I'm saying to myself, you want to give the bulls the benefit of that, right? He's saying to himself, look, we're still over the 50-day moving average. They've got to be balancing, right? They have to balance. And then slowly but surely when you started seeing today play out as we talked about last night in the video, yeah, you know, there was definitely some shorts that we were looking at and obviously if you trade it today. So some pretty big moves today in snow, you know, Netflix came back down, Meta got really, really hit. And then you started focusing on, you started focusing on what the general market was doing. And, you know, you had a pretty decent sell-off into the close and in the process. You know, the bulls, you know, gave up the 10-day moving average but held on to this whole area here. And the reason why this area here was so important, this is kind of where this whole market breakout started, right? The problem with today's move was to the downside, it gave up this 296.75 area. And the question was, were the bulls going to hang on to the 50-day moving average, which played out to 293.50. That was a very, very big number. And so we obviously had some pretty big reports tonight. And obviously today, after the close, it was going to set a tone. Either we were going to completely lose the 50-day moving average and completely just started getting hit again. Or was, you know, was Microsoft, was Google, was Chipotle, they were going to save the day. And, you know, they really did the right thing because if you look at the after-hours action, you see some really big moves on a lot of names. Google, you know, really good earnings report, which is very, very odd to say that. Because they missed, and I'm saying that sarcasm, they missed on both the top and bottom line. Microsoft, same thing. They missed both on the top and bottom line. And this is where kind of we talk about this all the time. Sometimes good news is good news, sometimes bad news is bad news. That's why all the people who are trying to handicap earnings, it doesn't make any sense. You could have the earnings literally in your hand. If you told me, right, if you put Google into my hand, you said, look, they're going to miss the top and bottom line. You say to yourself, well, Google must be down 10, 15%, and you look up and Google is having a really, really nice move in the after-hours. Microsoft, after the initial move lower in the after-hours with the same news, right? They missed both on the top and the bottom line. They reversed it very, very quickly and now it's up. And when you look at names, for example, like Chipotle, right, it's moving up. You got Texas Instruments, it's moving up. You have ENPH, right, it's moving up. You had a really, really good night coming out on its horse and really saving the day. And if you look at the queues right now after the close, well, we were literally a day away from giving back the 50-day moving average. And if you look at the closing price where the queues right now, they've reclaimed, right? They've reclaimed that 296.75 area where the market broke out. And now we're right around here. So now the big area for the bulls going into tomorrow's session, can they reclaim the previous days high? Because remember, and this is the most basic thing of technical analysis, and this is kind of, we kind of reiterate this point over and over and over again. A stock or an ETF cannot go higher if it doesn't take out the previous days high. The stock cannot go lower if it doesn't take out the previous days low. And if you look at the previous days high, not today, but the previous days high, that's also the five-day moving average on the queues. So if the queues can get above 302.50 tomorrow, then yeah, we could start our next move higher. And tomorrow we have an obviously another big slew of big earnings. But at least if we can get above that 302.50 area and reclaim the five-day, which is the shortest term sentiment, then the bulls are back in town. But I tell you, and I made a watchlist before I went to pick up my son from basketball training. I made a watchlist. It was going into tomorrow. It was all sell buys, literally all sell buys because I saw Microsoft down. And so this one down. And by the time I came back and I'm recording this video right now, I just tweeted on the Twitter feed. I'm like, you know, I got to make a new watchlist. All these prices are completely gone, right? All these prices are gone. And the most important part is now the question is can the bulls sustain this, right? That's the biggest question going into tomorrow's session. Can the bulls sustain it? If they can't, obviously it's going to be a big problem. But at least the bulls have a really good overnight value tier system going into tomorrow's session that at least they can hang their hats on and say, hey, we at least defended prices, whether it was the regular session or the after-hour session that played out. But at least we defended areas. Now let's see if we can get above this 302.50 level and move higher. And if you look at the spies today, right? That was the same thing. The spies at one point lost the 50-day moving average, right? This is how hairy things were very, very close. They always talk about the analogy how baseball is a game of inches, right? You could hit a ball and you could go within an inch of the foul ball, foul into fair and it could completely turn the game. That's what today was. I mean, the bulls really, really got saved today. Strength again in all these pretty big earnings today. Not only was there really good numbers in technology, you got Skechers, right? Skechers came out with a pretty good quarter, right? Nice quarter. That's retail. You had Boy Gaming, which is the casino space. You had a lot of really good industries doing very, very well on the earnings front, which again, which is the complete opposite of the picture that Walmart painted today, right? Walmart painted a picture. It was actually last night that nobody's spending money, right? Nobody's spending money. Nobody has any money. All these industries are going to hell in a handbasket and just like that. And this is why, again, we turn around and be like, this is the greatest reality show that's not on television. Bad sometimes means good. Good sometimes means bad. Good sometimes means good. And bad sometimes means bad. But this is why we continue to play the game. So right now I have no ideas, because again, it's getting a little late. I'm trying to record the video. The only thing we're looking at right now, the indexes, obviously I'm going to go through a whole bunch of charts tonight and get us ready just in case the upside starts getting confirmed by the 302 level of the previous day. So after this, I have to go look at charts again. But at least the most important part is technically we are intact. And again, as we say this all the time, the longer we build above the 50 day moving average, the higher probability that we will start moving back higher tomorrow, right? The big numbers for tomorrow. Let me just look at the scoreboard really quickly. Tomorrow we got Metta, who got absolutely slaughtered today. Congratulations for all you guys who caught that 164 pivot, went all the way down to 57. You got shot. And again, look at the picture. Think about what realistically happened in the last three, four hours versus what happened throughout the day. You had the disgusting pre-announcement by Walmart, right? You had Shopify this morning coming out and being like, look, we're cutting 10% of our workforce to stock up. You know, destroyed. You had Coinbase. You know, this, this credible folk. There was no good news on the horizon. So I'm telling you guys, we came very, very close to doing some technical damage and giving back key levels. But again, Microsoft, Chipotle, Google, Texan and everything else in between really did a great job this evening. Save the day. And the bulls get the fight another day. So that's it. This is the first broadcast that I'm doing that I actually have to redo the watch list. So I'm going to let you guys go. I'm going to go hit the charts. Please get to Morning Strategy tomorrow nice and early for all you guys who are in the webinar. But the most important part is again, trust the numbers. Opinions don't matter. Your ability to believe that you know something that the market is doing. It's all nonsense. It's feeding your old ego. I'm doing this for 23 years. Again, like I say, every single day, it's all about preparation. Nobody knows what the market's going to do. If you polled a thousand people at the close after Microsoft came out that number, a thousand one would have said we're losing that 50 day moving average. Again, that's why we play the game. Guys, God bless everybody. Hope everybody's doing well. Let me go back to work. Start looking at charts and God's help. I'll see you all tomorrow. Take care, everybody.