 I'm probably going to start my day tomorrow after 10 o'clock. I want to see a trend, right? I want to see something develop that's going to give me more clarity of which way we want to trade the market again. 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, gaming everybody. Welcome to another edition of the Access a Trader.com Nightly Rapper Show. Unfortunately, this update's going to be very, well, at least on the shorter side, my son was asked to play with another team today. There were short guys. Anyway, so I got to literally just get out of here after I'm done. So let's talk about the tape. So we know we've been going linear, right? We know we've been going linear for quite a while over the last week. So the idea that we got pulled today was not a surprise, right? I don't think that's anybody's surprise, because we always talk about, especially for the last x amount of weeks, especially, don't buy anything, right? The moves, the stocks that have gone bonkers of how they're big, big moves, there's no value in them, right? There's absolutely no value. The stocks have made their move. And any time that gravity kicks in, they're the first ones to get hit. And what wasn't surprising that they did pull the market today, and they pulled it pretty aggressively, and you can see the 60-minute view, you had literally one, two, three, four. You had five candles in a row of pretty aggressive selling. And what was surprising about today's selling, at least in the beginning, number one, how easily it went through the five-day moving average. And you see it right over here. Again, five-day is a shortest-term sentiment. What was also very, very unusual today that they went through the 10-day moving average very, very quickly as well, without putting up a real fight. And the reason why I say it was so odd that it happened today, well, as you can see here by the news, this was a Super Bowl, right? Today it was like the Super Bowl of earnings. You had Google, you had Apple, you had AMD, you had Starbucks, Microsoft, TDOC, you had a slew of companies. So the idea was that it was very hard to kind of mentally register that they were gonna sell down these stocks into the hole ahead of their numbers, because you're always thinking to yourself, where there's always going to be pension funds, mutual funds, the index funds bidding for stock, right? For longer-term plays. So there's not gonna be any level of fear. So the idea that they took today to kind of get down the market, or quote unquote, at least NASDAQ 100, was very, very surprising. The most amazing part about today's session was, once they started hitting these stocks initially, my first thought was, well, there's no way mentally I can wrap my head around starting selling these stocks over and over and over and over, especially what we just talked about ahead of earnings. All it takes is one uptick in the future is a reload bottom buyer at the bottom of the range, and you're getting squeezed just like every single time anybody tried to do that over a longer period of time that started, if you watch the broadcast, four and a half, almost five years ago, going into spilling over to a different presidency. So we kind of knew that. What was crazier about today's session was, how they kind of came back and reclaimed macro level. So if you look at, you had five consecutive candles. These are all hourly candles. They came and they really sold the crap out of these stocks. I'm talking about, if you look intraday, you see Amazon got really, really hit. Amazon, Roku was basically just giving up its whole move and they just kept on coming one by one by one. Now you had a lot of names that were reporting earnings tonight. We also had names like Tesla that started getting hit or hit very, very aggressively, Tesla successfully 150 day moving average and rallied. And not only for the bull's point of view, not only did they reclaim the 10 day moving average, they reclaimed everything. They reclaimed the five as well. And I thought today after we were gonna get the earnings from the Google, from the AMDs, Microsoft and Apple and so forth and so on, I thought the reaction on earnings is probably going to give us more clues going into tomorrow's session. And they all started out pretty good, right? You had Google was up like, Google was up 50, 70 points after the close at one point and then they came back and now it's starting to get its focus, right? They sold off Microsoft pretty aggressively. They sold off Microsoft. You had Starbucks and again, I'm guilty. I'm an addict to Starbucks. They sold off Starbucks. They sold TDOC, right? They sold that as well. AMD is basically up like a buck, right? Basically up a buck. Apple is pretty flat. And again, you can go through, you can go through one by one and all these stocks and kind of review their earnings. But the point was everything that I wanted to kind of settle, right? To at least kind of get my brain flowing and start mentally preparing for tomorrow's session. Nothing basically happened, right? Nothing basically settled today. We're getting a lot of mixed bag into earnings. You're even getting a name like Shopify that accessed the debt market. They did a debt offering after the closed as well. Excuse me, a mixed shelf offering after the closed as well. So you're kind of up in the air. And I know I see a lot of people talking about, well, we're definitely selling tomorrow. We sold today, right? We sold today. You can't talk about what we're doing tomorrow. We sold today. The queues, if you look at the queues, right? If you look at the queues, the queues literally went from today from 368 to 360. This was the selling. And now when you look at a lot of charts tonight, and this is where it's gonna be a little bit challenging, but when you're looking at charts right now, everything's at the middle of the range, literally. Everything's at the middle of the range. And if you look at a market that just bounds back off and reclaim macro levels, and now you have very lackluster, kind of a mixed bag of earnings, well, you're kind of put into the, well, let's guess for tomorrow. I don't wanna guess, right? I'm not that smart. I'm probably one of the dumbest human beings you're going to meet in real life. I have a clue what I'm doing as far as this crap goes. But again, the last thing you wanna do is put yourself in a situation that you're playing the victim role instead of playing the predator. We can't guess tomorrow. Right now, if you look at every single stock today from the point of interest within their channels, everything is stuck. And now we're gonna need a lot more clues going into tomorrow's session. I personally think tomorrow is gonna be one of those days that you probably wanna let the 10 o'clock channel turn tomorrow. And what I mean by that, there's only six candles of the day, okay? When I trade 60 minute candles, there's only six candles of the day. I think that first candle is going to need to give us some sort of rhyme or reason, some sort of foundation of what we think is gonna happen for the rest of the day. And you talk about charts and you talk about clarity, but when you have this type of aggressive move today, and this was a very, very aggressive move, basically anybody who shorted the market today in the first three hours of the day, especially on the index side, got run over literally on one candle. So it's a tricky, tricky situation going into tomorrow. Usually when you do your chart work, you have a very definitive stance for the next day. You have a very strong opinion and all you're looking to do for that trading day is wait for your conviction or wait for your research to kind of play out. Tomorrow, we're in a very unusual place that the market is really gonna have to show us which way the wind is gonna blow. At least now we understand the bottom of the range here and the top of the range here. We get that. What I'm hoping doesn't happen is we're gonna be playing ping pong within that range, within that tight range for the next couple of days. And it's really gonna need to see some sort of leadership for tomorrow. I get that Microsoft is lower, right? I get that Starbucks is lower. So it's going to put a lot of pressure, it's going to put a lot of pressure on the Nasdaq 100 names. Even Apple, who's not down a lot, right? It's not down a lot, but it's still down $1.50 on the day. Can it get down to 43.5, 44? Yeah, absolutely, why not? But it doesn't really screen sell the market. So I think tomorrow's session, you have to be really, really patient, like incredibly patient. I think if you're one of those hyper ADD or personalities, you might wanna take tomorrow off, okay? Cause I get it, you wanna step on everything that moves, you wanna trade everything inside. But the problem is when you have a bottom range that just got put in today, but you're $5 off that bottom range and now after the closed stocks starting to drift right back close to that bottom range, you're going to be faced with a lot of tight channels, a lot of volatility in that tight channels. And when you have a lot of volatility in tight channels, usually not a lot of good things are gonna happen. So going into tomorrow, you know, I'm 50-50. I usually don't say that. I have a very definitive opinion here. I'm probably gonna start my day tomorrow after 10 o'clock. I wanna see a trend, right? I wanna see something develop that's gonna give me more clarity of which way we wanna trade the market. Again, I'm not naive, we get it, right? Linear market, we don't need a reason for the stock market to go down. Gravity, right? This is gravity. People are gonna turn around and say, well, that was the top. It's not the top. Okay, don't be naive. You know, people have been screaming the top for the last four and a half, five years on every single reversal off the highs. Why don't we just call it the market had a really good run and the market went down today, right? Nothing more, nothing less. This is not the end of the world. This is not the end of the bull market. All it is is a market that had a phenomenal move, did very, very well on the long side. The earnings were, right? Very meh, they're okay, but the point is we wanna see the reactionary view after the earnings a couple of days ahead and let's see what happens long term. Remember, you're always thinking long term. You're not thinking about tomorrow. Tomorrow, we understand what's in front of us, right? We're not gonna be shocked when we're sitting there at 10 o'clock and say, well, which way we're gonna confirm? You're gonna go up, you're gonna go down, pick a direction, damn it, do something already. I won't be shocked doing that because again, I already went through the charts. I already see what's what. So I get the idea that you're not gonna have the smoothest day. Can something wake up tomorrow ahead of its own earnings and start confirming channels? Sure, we talked about that TTD yesterday. We talked about how everybody should watch this thing above that 82, 75, 83 level stock trade to 85 today. Listen, can this thing have a day to run? Sure, why not, right? This thing looks good, expedient. Can it have finally run? We talked about this channel that didn't confirm it. Could it possibly have a run? Sure, absolutely. So there's still individual names that could do very, very well, but based on what I'm seeing today, and again, I really encourage everybody to put in the time every single day to look at charts. When you do your dediligence today and put in the research, you're not gonna be shocked of what I'm saying. You're gonna see exactly what I'm talking about. And the last thing you wanna do is be very, very pigheaded or be very, very motivated to, right? To click a mouse when stocks are in the middle of their range. So guys, have an open mind tomorrow, right? Have an open mind, don't have a bias, maybe wait for that 10 o'clock channel to kind of see which way the weather's blowing. And if we get some expansion channels, you know what? That's what we're here to do and we take advantage of. If not, what's the worst case scenario? We trade the next day, right? Again, guys, it's very, very important to understand. We don't trade when the market is open. We trade because we have value. Tomorrow looks like we're starting the day with a three-nine offsuit. Will we get a better hand? We'll see, right? As the blind man said, we shall see. Guys, have a blessed day. I gotta get to my son's basketball game and with God's help, I'll see you all tomorrow. Take care.