 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. Good evening, everybody. Welcome to another edition of the AccessToTrader.com nightly wrap-up show. Hope everybody is doing well. If you are brand new to the channel, be curious. Like, share, subscribe. Thank you very much for all the support, the questions, the comments, and all the good folks that we get to fortunately interact with on a day-to-day basis via either social media, text messages, whatever the case may be. Anyway, thank you very much again for your support, spending a few minutes with us. And again, thank you very much for joining us on a day-to-basis. So, I guess that, right? We talked about the market was not in a buy cycle, was not in a sell cycle. We were in a little bit of a distribution pattern, kind of digesting the gains on the recent move and the recent successful reclaim of the 50-day moving average on the Qs. We talked about last night in the video how there might be a potential back test even as close to retesting back the 50-day moving average, which is at one point was major supply and now is major demand. That's exactly what we got today. It wasn't anything more, anything less. You could see here the Qs had a nice little roundabout exhaustion cycle, held the five, lost the five today, traded down to the 50-day moving average. You could quite get there, but close enough, balanced that level. And you could see the same thing happen with the SPY, you know, again came back in when it reclaimed the 50-day moving average to the upside, this handled to be support. Now the support became resistance and so forth and so on. And it reclaimed back the 50-day moving average, putting in a nice little hammer in between. The only one that continues to be, you know, worrisome, especially for the representation of speculation money is the IWM. The IWM lost its 50-day moving average today and today built below in price depreciation of the previous day's range. Other than that, if you look at the Dow, again, lost the 50-day moving average, lost the 10, but put in a nice, very nice hammer reclaimed back the 10 and the 20-day moving average. And if you look at the final tally, not that bad at all. Okay, at one point, it did look pretty gruesome, but the Dow down about a half of a percent, the S&P down about seven tenths of a percent. NASDAQ that was down, you know, about 250 points at one point, only finished down, I can't say only, but only finished down one percent of the day and the Russell continues to bleed from losing the 50-day moving average. But if you look at the individual names, for the exception of Apple, I'll talk about that in a second, they kind of held, sir, right? If you look at Meta, it kind of held served. If you look at Microsoft, kind of held served, right? You could see that the names that were holding up prior to this pullback are still holding up as well. So if we do have a near-term kind of an exhaustion, well, this is it, you know, this is the kind of the pullback we were looking for and we start grinding higher, you have to pay attention to Apple, excuse me, to Microsoft. You have to pay attention to Meta as well. Even a name like Tesla, and again, my day did not start out great today. I came in long, I came in long Tesla, right? Came in long Tesla, short queues, everything was actually good pre-market. I was up about $1.20 in the queues. Tesla actually went green on the day and I was like, wow, I'm going to hit on both sides. It didn't work out that much. I wanted to boost it about four or five bucks, five bucks on foreign change on Tesla. Obviously the hedge helped out, so I didn't start the day really, really well. However, it's not how you start, it's how you finish. The video came into our lives along with a couple of other names and it really saved the day, but it was a very hairy start at least from the beginning, but it really does show you how even the strongest names, and they do pullback, they're pretty violent, but the good news is, even on a name like Tesla, the same way we compared it to Meta and compared it to Microsoft, it held its range. It definitely held its range and reclaimed back, held the 20-day and reclaimed back the 5 and reclaimed back the 50-day moving average. So if we do get kind of a resumption of upward bias tomorrow, keep an eye on Tesla, keep an eye on Meta, keep an eye on Microsoft. There's a downside to this as well. Not every single name held surf. Look at Apple. Apple got really beat up today. It was definitely one of the catalysts for the 1.1% sell-off today in the Nasdaq. If you take a step back and you actually think about this, if Apple wasn't down 7 today, almost 7 points in a day, the Nasdaq would probably be up on the day. That's how strong the rest of the groups were. If this was 2, 3, 4 weeks ago and we were below the 50-day moving average, and Apple put in a day like this, we would be down a lot. So it really is kind of a testament to how strong the majority of names held. Now, can they get weaker? Of course, they get weaker, and this is the key. Now that we know that the Nasdaq reclaimed the 50, came to a back test, held the 50 today on a successful back test, obviously the 50-day moving average is now the line in the same. Like I said in the last slide's video, the longer we continue to build back above the 50-day moving average, the higher probability, especially in the next couple of days, if we go out and take out today's ranges to the upside, that's going to be a big green line to say that it was a successful back test. We're taking out the previous day's channel, we're taking out the previous day's high, everything is good, the majority of stocks held, and now we're resuming our move successfully after we took out initial supply on the 50-day, which was about four days ago. So ultimately, pretty good stuff. A lot of names were a mess today, right? A lot of names, and we'll get to the pivots in a second. But again, it's the SOG of AMC, and I get how this whole thing started. It was a whole FOMO trade with Gamestop. When Gamestop went to 300, AMC went to 70, and investors, well, at least investors at that time, they got long the stock, and there's gone to 300 until they didn't. And when they went from 70 back to 50, back to 20, all those traders became investors, and now they became a cult because what's the difference? If you're long the stock at 40, 50, 60, 70, what's the difference where the stock is? So the stock traded down to only down to $2. If you guys remember, did a reverse split, went to $15, $16, and then today they decided to issue 40 million shares, which is not a good thing. It's more dilution, and the stock broke down. Again, congratulations, we'll get to the pivots in a second. And they were coming for the $7.5, $8 puts for this week, for next week. And the weirdest part about it, speaking of these names, Gamestop actually came out with okay numbers. The stock is actually about 6%, 7%. After hours, does it mean the stock will hold up? Who the hell knows? But the point is, guys, don't fall in love with the trade, right? If you get stuck in the trade, you're not supposed to be a shareholder. You're not supposed to go to the shareholders meeting. When you're wrong in a trade, you're wrong in the trade. So for example, this morning, I came in long for Tesla, right? I was wrong. The stock took out the opening range of lows. I sold it, went down another $5. I'm not sitting there trying to hope it comes back. I'm using common sense. If it loses a previous range, it loses opening range lows, you get out. And the problem is, when you're a retail investor, you get stuck in one of these stocks, and you say, well, let me see what happens tomorrow. Tomorrow turns into, let me see what happens next week. Next week turns into, let me see what happens next month. And next thing you know, it's a cult. We're not leaving. So guys, there's a difference between having a losing trade, right? Like Tesla for me was a losing trade, right? It was a losing trade. I gave back some of the money from yesterday. It was a losing trade, but it's not a loss. A loss is when you're sitting there and you have no course of action. You have no idea what's going on. You're looking for a lifeline. You're hoping to God. You're praying to God. You're hoping something's going to save you. And it turns into your ultimate demise. So again, guys, remember, there's two different things. There's a losing trade, right? That's called the cost of doing business. Everybody has them. Everybody has them a lot. And there's something called giving your money away and taking a loss. And unfortunately, if you don't know the difference in the two, you're going to realize. Because again, keep this in mind, guys. There's absolutely no reason. And I don't have a position on this thing. I know a lot of guys, a lot of people in the webinar still have runners from this morning. I don't have a single share of this thing. So I don't have a dog in the fight. But keep this in mind. There's no reason why this thing can't drift all the way back down to the bottom of the Bollinger Band. So again, guys, especially for new traders, don't fall in love with the stock. Don't fall in love with the story. Don't fall in love with somebody on social media telling you some next best things to slice bread. Have a plan, right? If the stock doesn't work, either use the previous days low, the previous range low, the previous 60 low, but have some sort of safety net. Don't turn a bad trade into a horrible investment and ultimately your ability to stay solid. So just kind of my two cents for the day. So let's talk about the pivots, right? Let's talk about the pivots today. Again, Tesla today took a piece of my soul. It's okay. We made it back. You know, Meta, you know, Meta, not a big move at all. It took out the 302, traded up, you know, traded up to like 303 and changed and then got slammed. But again, it actually held. It actually held pretty nicely. AMD obviously didn't confirm PBR. This is the highest closing PBR in the whole formation, but really didn't do anything. Lula Lemon, I'm still waiting for that 407 area to confirm, which is the earnings highs. And here you had some, you know, here you had some plays. Obviously, this was the big one for me. But Crowd 167 needs to build. Crowd actually had a nice little pop and then obviously everything came in. But, you know, Crowd got above the 67, put up like a dollar and change move actually held up very well. And this is the highest closing the whole formation. Again, that's kind of my point that a lot of names are able to hold up despite the market coming in about, you know, a little over 1% today. Microsoft didn't confirm, had a big move yesterday, had a really good trade on this thing yesterday. This is what saved me. You know, NVIDIA definitely saved me today. If it wasn't for NVIDIA, it would have had a really crappy day. 478, 60 if it builds below can flush. NVIDIA got slammed, got absolutely slammed. It lost a 10-day moving average, went down. My lowest cover, our lowest cover was about seven, which was great, which was absolutely great. But it traded down, it traded down roughly around, you know, traded down roughly around at one point about 19 points. Really, really good move. I'm going to continue to watch this thing. You know, it didn't rally at all. Okay, it didn't rally at all. If it loses the 20-day moving average in the next couple of days, this thing has more room down. Again, remember, this thing had a big, big run. And again, despite seeing really big option flow in the name, price action is price action. It's either going to confirm or not. So we watched it today, you know, through the 10-day moving average. Definitely saved my day. And then obviously I'm going to watch it tomorrow through the 20 if it can confirm as well. Definitely the move of the day. And I didn't take this trade just because it's just really not my thing. I know a lot of you guys did take it in the webinar. Congratulations, 1070 AMC, if it builds below, can flush for a multi-day move. And then we started seeing nine and a half weeklies, nine weeklies, eight and a half weeklies, seven and a half weeklies, seven and a half for next week. AMC got crushed. Absolutely crushed. Congratulations. Well, you guys are still holding runners. I mean, look at this thing. Look at the 60-minute view. Lost the 70. Just went absolutely serious. 60-minute view. Lost the 1070. Just went straight down. Straight down. All these put buyers got paid. The nine and a half, the eight and a half stock traded all the way down to 843. Again, this thing starts confirming today's lows tomorrow. You could have more downside pressure. So again, the market is wild. The market's wild. I'd like to see maybe Tesla wakes up in the next couple of days, but at least now we have a two-sided range on Tesla. We have a bottom range here that we're watching to the downside. We have a top range that we continue to watch to the upside as well. Again, there's no revenge trading. I'm not on a mission. I have to trade it tomorrow. I don't have to do anything. That's the whole point. You wait for technical areas of choice. You wait for them to confirm. Hopefully some option flow will come into that direction short-term out-of-the-money flow. And the price action confirms it's a seamless result. But we'll see about that. So guys, have a great night, everybody. God bless. Stay patient. Stay solvent. And with God's help, I'll see you all tomorrow. Take care, everybody.