 If this thing starts confirming down the five day moving average, nobody's going to care about the $10 billion buyback that we've made. 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's doing well. Hope everybody had a good trading session. Same narrative, right? You know, we go lower, right? We're going lower. If you look at the queues here, we're right on the February 24 lows. It's kind of where we stopped today. If you look at the indexes, really nothing has changed. The Dow today was flat. If you want to keep score, it was actually up one point. You had the Nasdaq down 2% after 3.5% decline last week despite one day that the Nasdaq was up 500 points. It really does show you the selling pressure. You had the names, right? You had the names that were big leaders and it really does show you the difference between a sell-bias market and a bull-bias market. If Amazon would have announced, for example, the 24-1 split right over here, right? I call it maybe November, right? Maybe December. Amazon would have been at $4,000 a share, but it announced in a bear market and again, the theory of the bear market is nobody cares how good the company is. Nobody cares how good any company is. It's always shoot first, ask questions later. It doesn't make a difference and this one is pretty much taking the same route as Google did with the 24-1 stock split. If you saw what Google did after they announced the 24-1 stock split, the stock literally went from 30-30 all the way down to 25-100, which is setting up another channel here for the next couple of days, but that's kind of what Amazon is doing as well, right? You got the announcement of the 24-1 stock split. It closed on the 5-day and watch Amazon tomorrow. This thing starts confirming down the 5-day moving average. Nobody's going to care about the $10 billion buyback. Again, with the markets already telling you, nobody's really caring about the 24-1 split. It's back down to the bottom of the range here and that kind of goes with the same thing with every single stock. Nothing is safe. No matter how good the company is, here's one side of the equation, Amazon and Google, two absolute monsters and here's the other equation. A name like an AMC, which is a name like a GameStop that we talked about for the last couple of days that really imploded today and looks like more downside ahead. It really doesn't make a difference. Bad, good, indifferent, balance sheet, good, balance sheet, bad. Everything is being sold and again, if you've been watching this broadcast for a long time, a lot of you guys again have not traded in a bear market. This has been two months, imagine two, three years of this and that's exactly what we saw from 201 to 203 and from 207 to 209. That's kind of where it is. Our goal right now is just to find names that are not at the lows and just drifting every single day. Our goal every single day is to find names that are coming out of the daily channel. They're not at the lows yet, but they're ready to challenge. So again, for example, we talked about Adobe over the weekend, right? We talked about Adobe over the weekend. What else did we talk about over the weekend that I shared with you guys? GameStop, obviously, DOCS, right? We talked about DOCS over the weekend. It's the same kind of chart, right? It's not at the lows, but it's coming out of a big distribution usually below a rising support in this case, both the Bollinger Band and the 50-day moving average. And now it's finally going back down to the bottom of the range and that's kind of a challenge right now because the market has been kind of on sell mode for the last couple of months. It's very easy to look at a name like Zoom and be like, well, this thing is going lower. It's been going lower, right? You see how small these channels are? You see how small the candles are? It's basically a linear fade. What you're looking for is range, right? Like Tesla, for example. And again, we'll get to the individual pivots today. Broke a big, big number today that we discussed for a pretty decent amount of time. But you need a stock that's coming out of range, right? Maybe two, three weeks of range. And here you've got the bottom in sight. So that's kind of our challenge going into every single day. Not everything now is at a very, very good position. Stocks continue to go lower. Sure. They're going to go lower until there is an absolute seller strike, right? And again, that's very, very tough to do because kind of what we're in the middle of. But that's what it is. When bad headlines get embraced, when bad headlines get pushed to the side, that's where we're going to start putting in a roundabout bottom. As of right now, it's kind of business as usual if you are sell biased in the market. So that's it. Again, going into tomorrow, again, you have to have a sell bias attitude. You have to have a sell bias game plan, just like that we did going into today's session. You know, naive to believe that the markets are going to go straight down. No, of course not. We talked about this every single day. So nobody gets caught off guard. What you don't want to see if you're a bull is a gap up. Every gap up is being sold into supply where you potentially could have a dead cat bounce on any given day is if we do gap down to three, four, 500 points. That's where we've been seeing. If you look at the cues, the majority of times that we've had these kind of dead cat bounces started with a washout, right? With a washout trapped early shorts and then we went higher. So we're always conscious of looking at that. The last thing we want to do again is be naive that this can't happen. Again, the worst markets in the world have very, very aggressive and very, very exaggerated bounces, whether it's intraday or a couple of days range. We just want to be conscious that does happen. So you're not shorting into strength, especially if they get caught at the morning session. That's it. I mean, that's the game plan. So that is the game plan going into tomorrow. And let's talk about some ideas that I do like. I really like this ISRG for tomorrow. Here's another perfect example of a stock coming at the bottom of the range here, right? Excuse me, at the bottom of this range here that lasted for about several weeks, but you could tell it's not at the bottom yet. So if it confirms this whole channel here, let me look at the coming room, you have to go. I mean, look at a name like L-I-T-E. Again, usually not a name that I'd be very, very interested in. But again, look, look at the bottom range here. Look where it stopped. This thing starts taking out this bottom range here. Hey, again, look how much room it has. Look at Tesla, right? We talked about Tesla for a couple of weeks on this bottom channel. This is the closest close in this whole formation. And the only reason why it stopped is it's right out on its daily Bollinger Band. This Bollinger Band gets confirmed. Look at the low here, right? Look at which room you have back down to the low. So there's definitely names that I'm watching, continue to watch, especially on a day-to-day basis on the upside. I'm not really, even today, we went green in the day. We're up like 30, 40 handles today on the NASDAQ. And I was like, yeah, I have no interest. I have zero, zero interest. Every time there's an uptake, people think this is the bottom of the market. It's not. Again, we talked about scenarios how it will be the bottom of the market. The problem is it's not a one-day event. It's usually a multi-week bottoming out process. But at least the bulls needed to give us some sort of signs that there is some sort of seller strike for that to kind of play itself out. So let's talk about the pivots today. Very aggressive session to start the day. And of course, this is the one, obviously, I didn't talk about this on the weekend update. Somebody's asked, well, how about Tesla? You don't like any Tesla? Yeah, of course I like Tesla. But again, this is a big number here. 7.82 is a monster support. I put this out at 7.30 in the morning, man. This is a big, big number. It held twice if it builds below, can flush. This was definitely the move of the day. Definitely the trade of the day here. 7.82 went all the way down into the 750s. This thing confirms 750s, guys. Look how much room you have down to the February 24th low. Beautiful move there. Really, really beautiful move. Great flush on Friday, overstock. 44.50, 44 if it builds below, can flush. Overstock continues to get hit, right? Here it broke down on Friday, 48.70s. It took out that 44.5 today. Went all the way down to 42. Again, I still think this thing drifts all the way back down to this 38 level. So if it starts taking out 42, I mean, you still have about $4 or $5 worth of premium back to the downside. GameStop got just smashed, just absolutely smashed. Here is the pivot on Friday, 98 and 96 if it builds below, can flush. Today was the continuation, 92.50, 92. If it builds below, can flush more. Yeah, I mean, GameStop got hit, right? Here is the 98.96, and it took out the 92.50. And then today, it took out the 86 and stock closed all the way down to 78. Phenomenal move, absolutely phenomenal move. Congratulations for all you guys who are still holding a runner on that. We talked about DOCS on the weekend update, 46 if it builds below, can flush. Here was DOCS, right? Took out the 46, traded all the way down to 40. I still think there's a couple of more bucks left in this stock before it reaches its linear regression line. Adobe, we discussed this thing on the weekend update as well. 415, if it builds below, can flush. Here was Adobe, right? So it took out the 415, traded all the way down to 407. You know, keep watching this thing for tomorrow. If it confirms 407, I think this thing goes lower, assuming the market does as well. On NVIDIA 218, if it builds below, can flush. Here's NVIDIA. You see, it's the same thing pretty much every day. They're just, you know, they're just breaking channels, confirming the next day it going lower. So here's the 4218, 80, went all the way down to 211. I think if this thing confirms 211 tomorrow, there's a shot it could see the bottom of the range here, which is roughly, you know, 208, 206, and any close under 206 in the video. This thing could get really, really hit, assuming the market goes lower. I didn't pay attention to the checkpoint today, so I apologize. We're literally gonna be looking at this thing at the same time. 3350, 133, if it builds below, can flush. Let's see what Checkpoint did today. I just wasn't watching it. Checkpoint, it looks like it took out 33, went down to, nothing, it looks like it went down to 32, and then reversed, not really reversal, but again, it really didn't do anything. Tesla just got murdered. 760s went down to 754, phenomenal. I mean, what else are we gonna say? What are the dynamic things we could call Tesla? Just the greatest stock ever. Both sides of the market. Here comes GameStop. Here comes 86 on deck. Closed at 78, just absolute destruction there. Docks went to 40. Here comes 406, trade to 408. GameStop just shelled. And that's it, right? And that's it. So business as usual. Again, guys, my opinion doesn't count. Your opinion doesn't count. It doesn't make a difference if you're wrong theoretically. If you're preparing on one side of the market and it goes back the other way, just don't, again, it's okay to be wrong. We're wrong every single day. Just do not be wrong financially. Don't be pigheaded. Don't anticipate. You know, wait for the confirmation and let your game plan play out. And if the market doesn't tell you that your game plan is getting out, don't just switch gears very quickly back to the upside. Okay, you're gonna be twisting your brain around. Just wait for your process and wait for everything to confirm back. It might not confirm tomorrow. They might have a dead cat bounce but the overall action continues to be sell bias until we have a tangible reason that it's not. Guys, have a great night. God bless and I'll see you all tomorrow.