 If you put in your homework and you go through the S&P 500, if you go through the health care space, the defense space, the oil space, the energy space, the agriculture space, you would realize that there is a massive bull market. 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 morning, everybody. Welcome to another edition of the Access a Trader.com Weekend Update Show. Hope everybody is doing well. Obviously, the big story continues to be the fluid situation going on in the Ukraine, as always, hearts and prayers and always good vibes going out to the people of Ukraine, and hopefully, this will somehow go away soon, right? It's a very, very tough, tough way to kind of look at life, but there's obviously a lot of stuff going on there. Another round of, quote unquote, talks supposedly are going on this weekend. So we're definitely hoping that this situation comes to an end with the least amount of casualties on as possible. At the end of the day, human life is very precious and we don't get a do-over. So hopefully, that goes pretty well soon. All right, so let's talk about the market. So the cool thing about trading is it's like Baskin-Robbins, right? There's 31 flavors. There's no such thing as the right way to trade, the right stocks to trade. You know, it's all about your comfortability, right? So what I'm comfortable with might not be a fit for you, where you're comfortable might not be a fit for me. And that's what's great about it. And the first two, three years, I've been saying this for years, it's your point to kind of figure out where you fit in, you know? Are you an options trader? Are you a futures trader? Do you like trading high beta technology names? Do you like trading, do you like trading forex? You know, NFTs, right? Crypto, you know, what is your thing, right? Nobody's going to make fun of you, right? It's not about the cool thing to trade. It's about the right thing to trade, the comfortable to trade. The one something that you can control. And in my early years, you know, especially from 2001 to 2003, after the internet craze, after 9-11, again, I didn't make a dime, literally, from 2001 to 2003, and I kept on feeling sorry for myself, right? I suck. I'm the worst. I have the dark cloud. The market sucks. The market doesn't suck, guys. Remember, the market is the market. Okay, your process sucks. Your mental approach sucks. Your money management sucks. The market doesn't suck. The market's not there to make you hold. It's not there to entitle you. It's not there to do anything. The market is just the market. Buyers, it's a format, a coliseum of buyers and sellers, right? When buyers clean up sellers, stocks go higher. When sellers clean up buyers, stocks go lower. So the idea that the market owes you anything is absolutely ridiculous. And the one thing, years and years and years went by, and lucky enough, I was able to kind of figure some things out. The one thing I started realizing that I kept on saying over and over, and I think a lot of people feel exactly the same way when you're newer, when you're younger in this business, when you don't have enough screen time. We use the word, the market sucks, right? Everybody, everybody's used that at one point or another. Subconsciously comes out of our mouths very, very freely. And the one thing, like I said a couple of minutes ago, market doesn't suck. The market's there to digest information, whether it's macro, geopolitical, financial and move in that direction. Fed obviously has a big, big part of it as well. But the one thing that I figured out a long time ago is if you don't put in that work, and it's a very generic thing to say, and a lot of people say, but it's true, if you don't put in the work and go through, especially in the weekends, go through countless charts and a lot of groups. You're not getting, you know, you're not getting a true dynamic of what's going on in the marketplace. And, you know, using the word the market sucks is a crutch. OK, it's an absolute crutch and it's not going to get you anywhere. Because if you use the word market sucks, figure out why. Why does the market sucks? Well, what kind of trader are you that the market is affecting you? And when you go through charts and you put in the work, you're going to realize that there is value somewhere. OK, I'm personally a technology trader. OK, I know there's a rabid bear market, OK, in technology, rabid bear market. OK, no matter what technology name you run, you're probably underwater from where you were two, three months ago, hell, maybe even two, three weeks ago. I know, for example, the banks are in a bear market, right? You've got Citibank going down. You've got JPMorgan getting destroyed, right? Bank of America is going down, right? That's a bear market. OK, and I know a lot of people, a lot of people are, you know, those specific traders of those sectors like I am. I love technology, cell site. I'm on the cell side bias predominantly the last two months because we're underneath the 200 day moving average. But you can't use the word market sucks because stocks are going down because apparently this is one of the very few instances that the market doesn't suck everywhere. OK, and if you did your research, if you put in your homework and you go through the S&P 500, right? If you go through the health care space, the defense space, the oil space, the energy space, the agriculture space, you would realize that there is a massive bull market there. OK, so using the word market sucks, which basically means you're not doing in the work. You're not putting in the work. So if you turn around and you look at the charts, you'll see oil is going out of its mind, right? Just because there's sanctions going on, right? Oil prices are absolutely going nuts and you have tons of names that are breaking out, right? Look at XOM, look at Chevron, right? Going absolutely nuts. Look at neighbors, look at these stocks, right? Look at LNG, which I really, really like for this week, right? Look at LNG. How can you turn around and say, quote, unquote, the market sucks? You got health care names going nuts. Look at Humana, right? Humana is setting up really, really nice. OK, you got Anthem setting up A-T. What's the symbol? A-N-T, I think. There you go. You have Anthem setting up really, really nice. You got McKissick setting up really, really nice. Look at the defense stocks, right? Because the war started, the defense names are popping. NOC going out of its mind. Look at Lockheed Martin going out of its mind. Look at General Dynamics going out of its mind. The agriculture, right? Because the oils are going on, the potash names are going up. They're going crazy, right? It's just all depends what you want to, you know, what you're looking at. Mosaic, international potash. Even this little stock, C, is going absolutely nuts. So when you make a general statement that the market sucks, it's a crutch, it's a weak thing to do. And basically, you're saying to yourself subconsciously, I'm not willing to put in the work to figure out where the strength is. Because if you are a permeable, that's where the strength is, right? It's right in front of the charts. Everybody has access to exactly the same amount of charts and the same data that everybody else is. So if you're turning around, you're watching technology bleed and you're saying the market sucks. You're not saying the market sucks. You're saying you are not ready to commit to this business. Again, this is not a part-time thing. You could be a part-time trader, but you got to put in full-time effort. And this is a type of environment. This is the type of business that there's a lot of big money that's trading against you. OK, so if you if you're trading against big money, a lot of institutional money that's going against you, you have to be on the right side of institutional money. So where's the institutional money flow? This national money flow is where the charts and where the sectors I just talked about. So if you're sitting there and you're over this weekend continuing with that mentality and that personality spilling over into Monday's session without putting in the work, well, how can you be upset about the results if you're getting if you're not putting in the work to try to to try to rectify your results? It's a losing personality. It's a losing trade. And the only and the only thing that's stopping you from figuring things out is your ability to put your tissue in the seat and go through thousands and thousands of charts. Because if you do that, you'll have a completely different view of the market. The market doesn't suck. The sectors you're watching sucks that your approach sucks, your process sucks, your process not working in a market that is very, very aggressive, fluid situations and is dominated by headlines, whether it's the war headlines, whether it's the Fed headlines. So the best thing you can do is stop the complaining, right? Stop the belly aching, stop the self pity. The woe is me. Sit down, right? Sit down, start looking at charts and you'll realize the market doesn't suck. It's that effort that needs to get better. So do yourself a favor. Again, guys, everybody has problems. Everybody has the same 24 hours of the day. Whatever you put in into those 24 hours, you're probably going to get out when all is said and done. So be better, right? All of us, myself, yourself, everybody included. Stop the complacency, complacency. Stop the self pity, get to work. So let's talk about the tape. Very, very aggressive market. Again, Fed war up and down, up and down, up and down. The common denominator continues to be, especially in the technology sector, is self bias, right? We see this every single day, no matter how strong the market gets. There's always supply to kind of end the narrative. And we saw that this week. The bulls had a great shot this week to reclaim the 20 day moving average on Wednesday. They gapped up not 20 cents, not 30 cents, not a dollar. They gapped up two and a half dollars above the daily supply. And if we were to just close the above this 20 day moving average that we talked about throughout the week, we would have had a really good grind all the way back to the next supply zone. But the bulls fumbled. And that's the bottom line. The bulls had every opportunity to live a prosperity, to build over the 20 day moving average. And they failed to do so pre-market, turned around and yada, yada, yada. You look at the scoreboard twins. End of the week, you see the NASDAQ, NASDAQ down nearly 3% very, very aggressive move down. We'll talk about the pivots in a second. But the most important part is what happens next. And the one thing that we do know, technically, and that's all about, right? It's all about opinion is technical confirmation. So now we know we failed above the 20 day moving average. The 350 area we talked about constantly throughout the week. That becomes the huge number now. Going forward, over 350, we start going higher. But the problem is this is the first close below this whole range here. And now any move below Friday's lows of 335 starts the next cycle into this lower Bollinger Band at 330. And if that closes below 330, then we go all the way back down to the February 24 lows of 318, which will exaggerate things. Obviously, technology investors are probably not going to be happy. But again, like I said, for weeks and weeks and weeks, again, if you are a long biased investor, you don't need to sit there in a fetal position. Short some cues against your book, right? Get some hedges. Why are you sitting there and watching and sitting there and complaining and watching your portfolio bleed? If you're a long Amazon, Facebook, Apple, you know, Netflix, short some cues, right? These are your longer term positions. Short some cues against your positions until we start reclaiming bigger levels. Again, there's no reason to be a victim. Again, it kind of goes back to the conversation we just have. Be productive, right? Be productive, protect yourself. Don't just sit there, belly a complain and do nothing about it. These are all proactive steps that you can do as an investor to kind of protect your book until we start reclaiming the 200 day moving average. And then you can let go of your hedges. But why just sit there and bleed your money just doesn't make any sense. Be an adult, be proactive and stop complaining of things that you actually can control. So that's kind of what we are looking into the week ahead. As far as the technical view, we kind of don't know if these meetings, if they're actually even happening or not, if these meetings are going to help or hurt by the time the futures open up on Sunday night. We don't know, right? We don't know. We just we're just sitting there and just digesting information like everybody else. But the point is we are prepared, right? That's the name of the game. We are prepared going into the next day. So when nobody's sitting there talking about this is a bull market by the dip bears never learn bears been winning bears been winning for a long, long time. And especially in the technology in the banking space. Again, we gave plenty of examples. If you go through your charts this week and you'll probably see other other sectors are a massive bull market, but it's not technology. And that's where my prime concentration is. And this is where things are going forward. So going into this week, again, let's see how the futures open up. I'm obviously still sell bias again. Again, it is very, very tough for me to be by bias, especially we got rejected off the 20 again, you can see how many times we've got rejected off the 20 until we at least reclaim the 20. How can you even talk about holding inventory and having exposure, especially overnight, intraday, of course, you can find some things intraday channels on especially in the 60 minute view. And that's kind of guys for all you guys. And again, we trade channels, right? If you if you've ever been interested in pivots and again, it's a very different way of trading. It's not the normal. It's not something that everybody does. I've developed this quite a while ago. And if you are interested in pivots, you know, listen, I think it's not for everybody. I've been saying that for years again, if you have a five hundred dollar account, the thousand dollar account, two thousand dollar account, three thousand, it's probably not for you, right? It's very, very tough to trade Amazon with one share. But the point is it's a process, right? It's a process. It's not for Amazon. You could trade it with crypto, you could trade it with Forex, you could trade it with anything with liquidity, anything with liquidity in a range. My concentration is technology, but you don't need to. We have an offer until tonight. If you are interested, it's a discounted offer for one day. Listen, if you've been on the fence, check it out for 30 days. See if it's a good fit for you. If it's not, no big deal. We'll still be friends. But the point is there are other avenues that you could look at things a little bit different on this side. And the most important part is see if this is one of the flavors that you like. Just like Bass and Robbins, it might not be, but you never know. It might. So kind of check that out. Going into this week, there's definitely names I like. There's definitely, definitely names that I like on the short side. Not too many on the long side as far as technology, although I just gave you guys definitely a couple of examples. LNG I really, really like to the upside for all you guys who are trading energy, Humana looks really, really good as well. Coming out of this range. Look at XOM, right? These are long, long bias setups that if you are trading, you could definitely take advantage to the upside downside pivots as well. There's a lot of them, right? There's definitely a lot of them. Let me give you guys a couple of names that I do like on that side of the market. What the hell do I like this week? I think this AMC goes lower, right? I think AMC probably goes lower. I know Batman came out, broke this range here. Actually, you know what? Let's let's go over the pivots that I'll show you exactly why AMC and everything else that I like. By the way, thanks for listening. Anyway, so let's talk about let's talk about the pivots from Friday. So Rivian Rivian has been an absolute monster. Not all EVs are created the same. Obviously, there's Tesla and there's everything else. Rivian had a really great breakdown on Thursday, 53 held twice. If it builds below can flush, that's set it up into Friday session. I said perfect move to the January 50 lows that held twice. If 50 confirms, you can see the next leg down here was Rivian. Right here was Rivian. So here is the 53 breakdown on Friday. Right here is the 53 here, 53 here and went down all the way to 50, which was right over here the January 28 lows. It broke the 50, it went right to 46, 47. Just an absolute great move on Rivian for Thursday going into Friday. And the video got hit as well. 231.30 if it builds below can flush. Here was the video. So if you've been watching this broadcast, they were coming. They were coming really aggressively even last week. They were coming for the 230s, the 225s and the 220 puts. And again, those put buyers definitely got paid out. Here's the 231.30s breakdown traded all the way down to 224. Again, the video takes out these lows. It's going to go lower as well. Tesla, Tesla, not a big move, not a big move at all. But you know, went down like six, seven points. 832 if it builds below can flush the 814. Not a big move. I was expecting a little bit more, but the bulls kind of held up a little bit. So here is the 832 right over here. Here's the 832, this whole channel here. And this is kind of what we talk about. We trade channels. 832 was the lowest candle into rising support. Went down about seven and then kind of rebounded the rest of the day. Just kind of going a little bit of sideways. But I'm telling you, if you see this whole channel here, right? This whole sneaky channel here, this whole sneaky channel here. If it starts breaking down below this whole snake channel here, you could see that 814 level. We'll see. We'll see what happens. NET got destroyed on Friday. 101 is yesterday's low and the pre-market low. Again, you want to kind of have multiple levels that the kind of gauge that you trade off of. If it builds below can flush, 91 is the next measure potential. Didn't quite get to 91, but a nice move on NET. Nevertheless, so here is the 101 went all the way down to 97. I still like this thing. This thing starts losing 97. Could get down to this 92, 91 level. Excuse me, Lucid, right? Lucid 23. These are all Thursday spilling into Friday's trade. Nice move on Lucid on Thursday into Friday. 23, 20, 23, if it builds below can flush. Have to continue to stay patient with this play against that Tesla. It's like I have a $12 range. 22 is now the pre-market lows needs to confirm. I still like this thing that coming for the 21 and 20 puts. Amazon got absolutely destroyed Thursday in the confirmed Friday. 29, 75 builds below and closes under can see 100 points down. Here is Friday. Nice dump into the close. 29, 35, you can see a 40 point dump on Thursday into Friday. Next area that needs to establish a new ceiling, it can move down to 28, 60. Look at Amazon just got absolutely murdered. Congratulations to everybody who took Amazon. I said 28, 60, you traded down to 28, 76, but great move. Just really, really great move on Amazon there as well. So you got a perfect move, just an absolute perfect move in Rivian. Here comes Amazon. 28, 83 went down to 28, 76. AMC, again, a very emotional stock. As much as I say, as much as somebody told me, hey, Dan, you don't trade it, you shouldn't really talk about it. Well, other people do trade in. That's why we put in the channels. Again, thanks for listening. AMC 1720, 17, if it builds below, can flush. Buyers were coming in for the 318, $15 puts. Again, I don't know how good Batman is going to do. If it did well, who knows. But technical analysis is still technical analysis just by the charts alone. 1720 was the breakdown. Here's AMC, right? Here's AMC, took out the 1720 channel, traded all the way down to 1635. This thing confirms that 1620, $16 level, it should get down to $15. Again, technical analysis is technical analysis. This thing loses 16, it should get down to 15. So that's that, NET going down. Here comes Nvidia, AMC 1650 on deck. Take on the way down, 825 is a big number. That's exactly where it stopped. Humana, a nice pop on Humana. I still think it goes higher. 41 needs to build. Here is Humana, right? It closed right at the Bollinger Band here. This thing starts reclaiming back 42. You could see a pretty big move if these if these health care names continue to move. So guys, that's it. It's a pretty cut and dry business. OK, you're the only one responsible for your success or lack thereof. OK, nobody is there pulling the strings. Everybody has the same charts. OK, stocks go up, stocks go down. It's your job to stay safe and it's your job to capitalize. OK, guys, have a great weekend. God, peace and love to everyone. Have safe weekend. And with God's help, I will see you all on Monday. Take.