 You know, a lot of my game plan kind of went dead really, really quickly, but the one thing that it did do, which is very, very exhausting. 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. Just a little bit short of an update. My daughter has a softball game, so I have to drive her. So I apologize in advance. So let's talk about it. We talked about the weekend update, very, very important day today. Market needed to kind of give a definitive answer of what's about to happen next. We talked about the 50-day moving average, whoever's going to have control, probably by Monday's close, which is today, is probably going to set a tone for the rest of the week. And we kind of got it, I mean, very, very quickly. And you saw a pretty big move pre-market on the Nasdaq 100. You had a lot of names that we talked about on the weekend video, just got absolutely destroyed and the video keeps on going lower. Amazon lost its 50-day moving average, got hit pretty, pretty aggressively as well. We talked about Texan on the update, we talked about AMD, all these names, all these names lined up. And again, it's not just isolated to these names, anything to do with the Nasdaq 100 got hit. We talked about Microsoft, very, really, really aggressive selling all across the board. But the craziest part about the day, if you're just an outside looking in and you say, well, there's a 2% decline on the Nasdaq 100, it doesn't seem that bad. It's really not, right? It's not the point of the percentage, how much is down. The point of today's session was to see who is going to be in charge going forward. And I think we got that answer pretty aggressively. The weirdest part about today's session was, and we were talking about it on the webinar, it didn't feel, right? It didn't feel like it was one of those all day throw the baby out with the bathwater type of scenarios, because the problem with today's day, intraday, right, intraday only we're talking about, a lot of these names gap down so aggressively that they were beyond their average shoe range. So for example, if Microsoft, for example, has an average shoe range, let's just say $7, $8, it put that in on the opening print, right? The same thing like an AMD, maybe a four or five AMD range, they put that in the opening. We saw a lot of names like that. So when you look at the Nasdaq 100, the cues, and you look at it for the day, and you're like, oh, it's not a big deal, right? You say, I went up a little bit down a little bit, up a little bit down a little bit. So if it looked like there was a lot of strength in this morning, and kind of towards the end of the day, but in the afternoon, they kind of pulled it into the close, you wouldn't be wrong, right? You definitely wouldn't be wrong. We saw a lot of disconnect today, okay, which is a very common theme when stocks are being defended or stocks are being confirmed, right? You have a lot of that theme there. You also had a lot of the stocks today open up lower, then went higher. Then you had a lot of stocks they open up lower, kind of drifted lower the whole day. So usually when these things all go, right, they all go in one direction. They're either all going to be strong or they're going to be all weak. And today was for the first four, four and a half hours, maybe five hours a day, some were strong, some were weak. But when you look at the scoreboard towards the end of the day, you're going to realize the same common denominator that all these stocks had, right? They were building and people were buying these quote-unquote dips. And this was all happening underneath the 50-day moving average, which is not good. And we kept on reiterating the point today. It wasn't one of those days that you turn around because, again, 99% of my watch list got absolutely destroyed, literally burned into flames. Like, again, I wasn't shorting NVIDIA down 16 from the pivot. It just wasn't going to happen. So a lot of my game plan kind of went dead really, really quickly. But the one thing that it did do, which was very, very productive, is giving me more data points, is giving me more collection of what I believe is going to happen next and what seemed to be strong names. Like, for example, Tesla seemed strong today, right? Then it seems kind of strong today. And then you realize it wasn't strong. It was still down at one point, the whole day, pretty much 35, 36 points. But you see how tight these channels were. And I can see how a lot of people will deem that as well. That's bullish. They're not taking the stock down. Well, yada, yada, yada. They took the stock down right into the close, into the pre-market lows. And you see that with a lot of names over and over and over again. And what I did believe, and I still believe kind of going into tomorrow's session, I do believe the fact that they held up a lot of these names. It's almost like a chicken without a head scenario, right? You cut off the chicken's head and the body still runs around for a couple of minutes and then it finally dies. It felt like they were baiting in a lot of late buy the dippers, right? And I think that's what's going to happen tomorrow as well, especially if we get any type of gap up tomorrow. I believe you're going to have a second round of people buying a dip. And then people are going to realize, well, wait a minute. I'm not buying the dip like I was buying the dip on this run-up here above the 50-day moving average. It's going to dawn to them after the fact, after they realize that their stock didn't hold. It's going to dawn on them that they started to buy stocks underneath the 50-day moving average. And that's obviously not a good thing. I do believe the NASDAQ 100 still has more room down. Obviously, any gap up tomorrow into supply is not going to be a good thing. Then we can have a potentially green-to-red scenario on the bottom ranges and all these. But not only do the semiconductors continue to lead the way. Like, look at a name like LRCX, which I like for tomorrow, right? LRCX had a low that it put in on March 14. It's been kind of going sideways up and down, up and down. But if it could start clearing out this whole channel here, there's a lot of room down here. Same thing with AMAP, right? A lot of room down as well. But the one group that's very interesting to me is the financials, right? Mainly the credit card companies. Again, you'd figure with rising rates, especially another deem of another possible 50 basis points on the next meeting, they would benefit, correct? When you look at MasterCard, man, look at MasterCard. It's sitting literally three times on the same channel. Look at this chart, right? Do a mental snapshot of MasterCard. Now do a mental snapshot of Microsoft, right? You see how it sat down the same way three times in the bottom of the range? Well, look at MasterCard, guys. If this MasterCard range gets hit tomorrow, there's a lot of room down. There's about 10, 12 points down. Same thing with Visa, right? Visa's exactly the same thing. Held the same bottom range here three times as well. So if they're gonna start pulling, right? If they start pulling everything and they start pulling the financials, this is obviously gonna turn into kind of a global sell scenario instead of like picking shoes of an industry group that they're coming out of rotating out. So it's something definitely to watch. Everything else, obviously, we're sell bias. I gotta give the one thing that I gotta give the credit to today. People are talking about this like V-E-R-U, for example. Not something, it's not like my cup of tea is something, but it really does show you how even though the market was going lower, we're building below a pretty big level here, right? It really does show you the speculation money. It might not come every single day and this is maybe not my thing, but the speculation money is still there and you just never know when it's gonna kind of wake up and people gonna start flocking into. So going into tomorrow's session, obviously, I would prefer any type of gap up into supply on a lot of these NASDAQ 100 names, obviously agreeing to red scenario. Opening range low, obviously would work as well. So the bearers, they need to continue to build below the 50 day moving average. The bulls need to do whatever they have to do to reclaim today's highs and start moving back to the 50 day, but keep this in mind, the longer we build the base below the 50 day moving average, the higher probability we're gonna start seeing more lower prices. Guys, God bless, I apologize for cutting this short. Softball time, daddy time, have a great night guys and I will see you all tomorrow.