 It's mind-boggling that people are still trying to find bottoms in things guys We're seven eight months into into a decline. Okay, there was bear markets that trade for two or a year 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 giving everybody welcome to another edition of the access a trader calm Nightly wrap-up show. Hope everybody had a good day. You're alive. If you're watching this, that means you're good, right? If you're watching this you can hear this you can see me It means you are alive after everything else in the world. That's the most important part Everything else during the day is a cherry on top Luckily, I made that statement now and not before yesterday because it was a pretty quiet day considering all the things That were on the plate for today's session. You had the PPI number came out. It came it went blah blah blah blah blah It really didn't you know really didn't move the needle more important is what happened Before right before the markets was surging pre-market futures are high or if you guys remember last night's video the last thing You know the last thing I said yesterday was The last thing the investors wanted were to chase up numbers right to chase up numbers into Into an event especially in a bear market scenario and look what happened again today Anybody bought pre-market in the top or any any that first move you probably unless it was named Netflix We'll get the Netflix in a second unless it was named Netflix You probably lost money right from the word go because that's usually what happens in bear scenarios every single and again You know a tired broken record But if you've been watching this video for a long long time ever since we lost a 50-day moving average You know the majority of time you probably get 90 95 percent of the time that if you buy stocks into strength in a bear market You're going to get rejected into some sort of supply either daily supply or in this case You're going to see a lot of 60-minute channels and after that first move The market did absolutely nothing right you had a little initial dump and every stock one sideways So these are these are 60-minute charts guys These are 60-minute charts of Tesla of Amazon of NVIDIA of Apple right of the cues You can see you know look at the cues look how tight everything was and it basically showed you that there was Not a pause in selling it was but basically a pause to kind of gather your head kind of get gather your thoughts For the next big number and the big night next number is the CPI Number going into tomorrow and here's the problem a lot of people still have nightmares waking up with cold sweats and Shaking in the middle of the night because they know the last time the CPI came out it gave a 1200 point decline For the Dow, which was very very aggressive. So that's what we're set up for tomorrow, right? There wasn't a lot if you again if you go through the pivots today You'll kind of see what I'm talking about so Netflix. I was watching I Was watching For it's going to today, right? I want to that bottom channel and if you look at the bottom channel of Netflix And this is kind of a little bit more important than the non-election today. It held the bottom channel here But here's the crazy part, right? It's not that the fact of the stock Bounce that's not the crazy part. There were buyers came in towards the mid-morning And this is something we really have to watch for the next couple of days There was four separate buyers that came in maybe was just one guy But if you if you have a if you have an option scanner like I use for example flow, I'll go if you use an option scanner You'll see there was four separate trades For the weekly 235 235 calls that expire in two days. Why is that weird? Well, that's 15 points out of the money with two days left. Oh, by the way in a bear market something We definitely definitely want to see we want to definitely pay attention and oh by the way when the market dumped, right? If you look at the cues towards the end of the day, right? If you look at the cues towards the end of the day here, right? They've had a little dump Netflix closed within you know Netflix closed within a few dollars of the high so again It's not something that you know, it's not something that there's an imminent trade there But if you start seeing strength here tomorrow and starts taking out the five-day moving average I think it's something to watch I really do it obviously if it gets back to here and loses this This orange line that we talked about yesterday I will definitely looking at it as a short, but it's something weird when you come in 15 I think that the premium was about $400,000 So when you come in 15 points out of the money with two days left of expiration I don't know if it's gonna happen I don't know if somebody knows something but somebody definitely bet that this thing is going on 15 points in the next two days We shall cease at the blind man. We shall see another notable thing that continues to To definitely definitely move the needle our financials, right? So financials couldn't rally Okay, they really couldn't rally when interest rates started moving up and now they're moving lower Right because if you heard what the note said today in the Fed minutes said today It's that they're there they could see basically they could see a scenario of a slowdown and raising rates So they couldn't go up with the rates Well, how the hell do you go up if the rates start to kind of stabilize right and not do anything and look at the bottom channel for example like a like a MA right like a master card really nice looking chart right so Financials again starting to break down. This thing is maybe one day away from getting a really really good move again, look at another day right another day another Semiconductor guiding lower this afternoon right after the close a mag guided lower again Not a crazy move down just because again look how much the stock has already got killed So everybody knows that any number is gonna be crappy everybody knows this It's not a shock when something when you see a bad stock a good stock looking bad and everything in between The most important part is stop looking for bottoms again It's just it's mind-boggling that people are still trying to find bottoms and things guys We're seven eight months into into a decline. Okay, there was bear markets that trade for two three years You're not gonna get the bottom You're gonna get the bottom when it's the bottom and you're buying stock above the 50-day moving average That's how stocks start stop going up and stop the bleeding until then They're just kind of going lower moving up going lower moving up going lower moving up So I definitely took some notes going into today's session and we'll go to go through pivots I guess one really good pivot. I just wasn't a lot of size on there and everything else just did nothing Another no going into tomorrow's session where we talked about Tesla, right? So Tesla, you know Tesla for the last couple of days Well not couple days for the last 11 days, especially on the inventory number Okay, came out very light you guys remember that so Tesla went down 11 days in a row today was the first day that it closed green You can see it's a first green candle, right? I'm very convinced I was watching the order flow for the last couple days. There was a massive seller yesterday At 223 they couldn't clean up and you could see that because when the rest of the market attempted a rally It couldn't rally. Okay, so they couldn't clean them up the stock one lower today There was a massive. I'm talking about they sat there 215 216 215 216 literally the whole day trying to clean up a buyer and Towards the end of the day towards the end of the day if you look at the five-minute chart It finally spiked up So does that mean the buyer got cleared out right that they finally cleared out the buyer who's been Politely selling for the last couple days and I know some of you guys gonna think well, baby It's Elon Musk. I thought that as well and then and then it kind of dawned on me It can't be Elon Musk they report earnings in the next couple of weeks I think in the next couple weeks or so there's a there's a there's a there's a blackout period that Insiders can sell stock. He can't sell stock two weeks before Before earnings asked it. I think it's 90 days or 60 days. Please double check But I don't think it's Elon Musk. Whoever it was. I think it looks like it's cleared up Is it possible we could get a day-to-rally tomorrow into the five-day moving average? It's it's definitely on the table, right? It's definitely definitely on the table So after 11 days of selling it didn't go down It's also also notable just like Netflix It didn't go down with the rest of the market today when the market closed When the NASDAQ closed right and everything kind of sold off into the close. So I'm watching right here's a 60 minute view You could see here. I'm definitely watching it for tomorrow. It doesn't need to happen There's a half to happen, but at least it's on our radar and again Like I said in every single video It's more important to be prepared right and that's the name of the game one name that we definitely got to keep an eye on for tomorrow's session is Apple right is Apple Apple sold off and it's very very close to taking out the bottom ranges You had a lot of big put-buying coming in into the name Notably notably there was a guy who came in. Let me just look at my let me just look at my stats here There was a guy who came in for nearly 6,500 puts of the October 28th 137 so 2.8 million dollar premium So I definitely definitely want to watch that as well and the names that had big runs right these solar names like ENPH Right ENPH starting to get heavy first solar right starting to get heavy. So you got financials on deck for tomorrow. You got Apple looks pretty good. Maybe a possible reversal for Tesla. Maybe Let's see here. Maybe something jukie pookie that happens with Netflix, but more important Nothing will get settled until the CPI number comes out tomorrow at 8 30 And obviously again, like I said a few minutes ago people are still investors are still shaking from the last time CPI was reported on the 13th of September so that's it. We're all set again very very quiet day today You could see by the pivots here Roblox never got here Z never, you know never confirmed this 270, you know, 80 era is trading the 80s never really confirmed it This is literally the only trade of the day at least for me in an A and E T and I talked about it last night Not usually a name that I would trade it was very very thin and it's basically a Kind of waste of time, but it did okay. It did okay one of those six-foot builds can get hit here Is A and E T again? I believe we covered it last night on the video, right took out this whole channel here Nice move. I think this is I still have a little bit of a runner. I think it gets to this one or two area for tomorrow Apple again, NVIDIA and everyone up and that's it, right? And that's it So very very quiet day anticipation going into the CPI tomorrow, but we definitely have storylines We definitely have themes. We definitely have different groups that are strong Well, now nobody strong or weak some are weaker and some have been so exhausted to the downside That even a pre announcement for example on a mat is not really shaking the room a lot compared to what AMD did a couple of days ago But we'll see if that turns out as well And there's another selling selling pressure in this semiconductor's name. So that's it guys We are all set up just as FYI for all our new viewers who are joining us for the first time this week or last week There is usually no video on Thursday. That's the day. I kind of re Recharge my brain. So I will see you all you guys on the weekend update for all you guys who are joining us in the live Webinar or via the squawk box. Well, welcome aboard and I will see you all tomorrow. Have a great day. Have a great night