 Tomorrow you have to start looking at the Amazons of the world, right, sitting at the bottom of the channel. Tomorrow you have to start looking at the Netflix of the world, held the 50-day moving average, right? Look what happened to Tesla, and maybe it won't happen tomorrow, but look what happened to Tesla. It hit the 50-day moving average bounce. 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 AccessaTrade.com, that we wrap up, show up, everybody is doing well. So let's talk about the market today. On the surface you're not going to feel anything, right? The market there is no, is the market in turmoil coming up on CNBC because the Dow Jones industrial average was up 27 points. Unfortunately, the Dow Jones is pretty kind of irrelevant. It really is. It's only 30 stocks. It's retail, water cooler talk, and it really doesn't make a difference. If you are an active participant in the market, and we talk about this all the time, it's the NASDAQ composite, the Russell, and the SPX. The big conversation going over the weekend, if you watched the weekend update or any video from last week, we were in distribution. And again, without going into what distribution is, make a long story short, the buyers and sellers of this market were going through kind of a fight in a phone booth. They were trying to see who is in control of the market, just because if you looked at what happened the last three, four days of last week, you saw a very, very smaller contracting channel. So we knew that. So we knew our contraction usually lasts for about four to five days. So we knew any type of event or any type of futures overnight cash action was going to give us a bigger clue. Now again, it doesn't make a difference if contraction ends on the upside or the downside. It just wants to end. It needs to end. And when you look at today's action and you see the final numbers today on the NASDAQ composite down two and a half percent of the day, can anybody be really surprised that this actually happened? We've been talking about now for weeks, beta has not participated. Okay, we're looking at channels for such a long duration. We've been talking about Netflix hasn't done anything since earnings. We've been talking about Apple hasn't done anything since earnings, Facebook on and on and on. And what we saw today was kind of result of what the data has been telling us now for a very, very long time. And that was, well, sales technology, SPACs are still very, very strong, but you have to pay attention to the overall market. If buyers start really accepting that the market has gone on a big run and now they're tired, looking for clues of buyers getting tired. And one of the clues came in a very, very weird, very, very weird situation today. Now usually this has nothing to do with anything that I trade, right? But this little stock I saw this morning and they came out with a PR and the PR was something like blah, blah, blah, blah, blah, blah, blah SPAC, right? That's all I remember. And usually a PR like that and the word SPAC in this type of environment two, three weeks ago, the stock would have probably went up 200,000 percent and everybody would have chased it in sight. The difference between what happened two weeks ago, what happened today was this was a perfect example of a buyer strike. People just got tired. They didn't want to chase the prices anymore. And the stock literally went from two, almost $3 pre-market all the way back down to the 168 level. We also knew, and kind of going back into the realm of what we've been kind of covering for a very, very long time, we also knew what happened or know what happened when a stock loses its range, a macro range. And for the most part, many stocks for the last three, four months, despite how weak the Amazons of the world was and the Facebooks and the Boeing's and everything in between, we knew that most stocks were still above their ranges. But Tesla gave a really example of how structural ranges work and what happens when these ranges finally lose. And if you've been watching this broadcast for the last few weeks, you know how important that 800 level was. You know how important that 780 level was. We actually even knew how important this 762 was because that was the low from four days ago on the rising 50 day support. And when you look at a lot of charts and how they're kind of setting up going into tomorrow, you'll see a lot of similarities of how Tesla's starting up. And again, you don't need to take a lot of work tonight. You just go through literally the NASDAQ 100, just names that are just sitting there tested their bottom of the range support here. And if it takes one more day to confirm, and nobody's saying that it's going to turn into a Tesla situation, but the market is very, very aggressive right now. And when you look at what happens when channels start to get aggressive, they get hit very, very, very aggressively, right? That's the moral of the story. And we'll get to the pivots in a second. And tomorrow you have to start looking at the Amazons of the world, right? Sitting at the bottom of the channel. Tomorrow you have to start looking at the Netflix of the world, held the 50 day moving average, right? Look what happened to Tesla, and maybe it won't happen tomorrow. But look what happened to Tesla. It hit the 50 day moving average, bounce. And look what happens when you confirm the 50 day moving average. So look at Amazon, right? Look at Amazon, first close below the 50. If this thing gets confirmed, look how much room it has down. Look at Netflix, right? It stopped right on the 50 day moving average. This 50 day moving average gets confirmed tomorrow. It has a lot of room down. Look at Facebook, right? Same thing, Facebook touched right on support. If this support gets confirmed tomorrow, look how much room you have down. And so forth, and so on, and so on. And the most important part was, if you've been doing your homework and actively researching the market and researching names, you'll notice this wasn't a shock. Yes, maybe it was a shock to the NASA composite went down 350 points today. But you could see this brewing every single day and seeing that these stocks just didn't participate. For the last two, three months, we've been talking about literally one beta trade, maybe a day, maybe two, maybe three throughout the week. They've been picking their spots. Of course, they've been having really, really good runs with the zooms of the world and the videos of the world and so forth and so on. But you know the disconnect between beta, large cap, mega cap stocks from the rest of the market. And once we started seeing cracks in small cap names that they just wouldn't run up today, right? On PRs, whatever the case may be, we started getting a lot more clues. And so far and slowly but surely, you started seeing a lot of ranges get absolutely hit today. And tomorrow is setting up into be a really, really big potential premium day, especially in beta land. But a lot of names as well. Of course, nobody is talking about mass destruction this market is going to zero. We're not about that. It's not about fear mongering. It's about looking at these setups, looking at where the market is. Now, macro wise, we've been talking about this 305 level for a very, very long time. Once 305 goes out, we know that this market has changed sentiment and changed sentiment very, very aggressively. But for this market to get, or at least start to get more aggressive than kind of a one day event, if today's action gets confirmed, then you have that move kind of mirroring what we saw and what we're seeing right now in an Amazon, in a Netflix, in a Facebook of the world, on Apple today, they got hit pretty aggressively at the open. You could get a test into the 50 day moving average. And unfortunately, a lot of new traders and investors, they don't believe in this. They don't believe in gravity. And they say, well, this is exactly like everything that's been happening for the last four and a half years. Every dip gets bought. Maybe it does, maybe it doesn't. We don't know that. Again, we're not trying to guess or we're not trying to scare anybody. All we're talking about is rational behavior, right? Looking at the market from an objective point of view, not from the bull side, not from the bear side, but from an opportunistic side and just making sure you are prepared. Because so if you are an investor and these levels start cracking, maybe the bulls do come. But what happens if it doesn't? You have to have kind of a plan A, plan B, plan D, and plan Z. Because if you are all about wishful thinking, then just ask all the folks back during the dot com craze what happened on every single bounce. Eventually the bounce has stopped. The bears took over yada yada yada, a big revolving door. So of course I'm not trying to put any fear to anybody, just respect the levels, right? Respect these levels. Today, if this range loses tomorrow, we go down to 317. Again, stocks go from supply to supply and they go from demand to demand to demand. So any closer for all you guys who are have exposure, have an inventory, basically positions, right? Swing traders. Any close on the queues below 317, that's not good. Okay, so that's not good. So if you've completely, you know, just put your blinds on from the 328 level. And again, you know this 305 level is going to be very, very important. Just put that 317, put it on a sticky pad, put it in front of you. Any close below 317, macro wise on the queues will start a very, very aggressive cycle. And this is just not an opinion. This is exactly what happens when sellers clean up buyers while stocks go lower. And hopefully if you are a shareholder in a lot of these names, hopefully you will recognize this, you know, recognize this, the warning signs. And if it does happen, you kind of start making necessary steps to kind of protect your portfolio. So, you know, tomorrow there's a lot of value on deck. Obviously I'm watching Amazon. I'm watching Netflix. I'm watching Facebook. Look at some of the pivots today, incredibly strong. Akamai, which is surprising that Akamai didn't completely get annihilated considering how much, how good the macro consolidation was to the downside. 98, 30, 98, if it builds below can start its next leg down. I'm very surprised it didn't get smashed. Only went down about a buck. So, here's the whole 98, 98, 30. We covered this thing on the weekend update. Only went down to 97, I'm very surprised. But if they start taking down that 97, I do believe it still gets to that 95 area. Some of you guys, I know Scout, this yell, $7 needs to build, only a small move. There's not gonna be a lot of violence, okay? There really is not going to be a lot of violence to the upside, especially if there's a macro buyer strike. So, here's the seven. Only went up about 20 cents before it reversed. BTWN, I still like this thing. Keep an eye on this thing. Starts building that $18 level. I still like it. I caught a piece of this trade. PSHC, 18 needs to build. Went to 1870s, you know, there's nothing wrong with it. You know, caught it for a little bit. Two weeks ago, I still like this thing. If they start confirming this thing macro over 19, I think it does go. But here was the pivot right here. Here was the 18, right? This whole channel here. Two candles in a row. This is where I was talking about the sneaky area, 18. It got above the 18, traded all the way up into the 1870s. I still like that 19 area. Apple got smashed, 127, 30, 127. If it builds below, it can flush. I thought it had a chance to get to 124. And they started coming in with some really aggressive weekly 124 put buyers. And this is a perfect example of the options market dictating what potentially could happen next. So here was Apple. They took down this 127 area, right? 127, 40, 127, and got it down to the 25, 60. I still think it gets into the 24s tomorrow, especially if the market confirms. Obviously, MXIM came nowhere close to breaking out above 98, 50. NIO was pretty good. I quote a piece of this as well. 52, 50, if it builds below, can flush. Here's another example. A buyer came in with short-term $44 puts. I said there's a shot he could get down to the 50, 60 level. Da, da, da, stock went to right to 50, 40. So here was the 52, 50 area that it broke down. And if this thing confirms tomorrow, I still like it lower. Right, folks, again, stocks go from demand to demand to demand. So if this starts losing today's range, there's a lot of room down there as well. Apple, again, got smoked. NIO, here comes new lows, 50, 60 next stop went to 50, 40. Here's how to be the weirdest move of the day. And when I put the pivot in, I was joking around. I said, look, 6.30, if it reclaims the 10-day moving average, no, I have not been drinking, right? I've been drinking, allegedly. So here's another perfect example of the options market dictating exactly what potentially could happen next if macro gets confirmed. And this was just one of the highlighted buyers that came in, but we started watching buyer after buyer after buyer of the March 19 expiration $10 calls. And they just weren't coming in for $13,000 premium tent. They were coming in for hundreds of thousands of dollars, one after another and after another. And here's a perfect example that, again, market is driven by the option flow, but here's also another example that somebody knows something, everybody knows something, right? Somebody out there knows something that potentially could come out. So here's the 6.25, 6.30 level. And as soon as it started building above that 6.30, you had a PR come out that New York governor Cuomo and I think also New Jersey as well, they were allowing movie theaters to open up again. Obviously, this is a big deal for the movie industry, AMC and IMAX and this thing from the 6.30 just absolutely exploded and went to the 6.7.20s level. I still think this probably gets into the 7.60s for tomorrow. If you are stuck in this trade, obviously higher levels, $13, $14, $15, 7.60 is a viable area to possibly make a sale and kind of re-examine your position. If you are long a runner overnight, that is obviously your first supply and it kind of factors in for tomorrow. Maybe game stock wakes up. Now again, it's not really the same thing as AMC. At least you understand why reopening of the movie theaters is a big deal. So I don't think it's a plate, but here's kind of the same little challenge. And again, it's not really on watch tomorrow. Like nobody should turn around and say, no, man, I love it. I think it's going, no, no, no, no, no. I'm not saying this, we sort of watched this thing, but you know, kind of in the corner of our eye, let's keep an eye to it. I think of reclaiming the 10 day moving average. Maybe this thing wakes up as well. So, you know, look, there's a lot of value in this market right now. Distribution is over. The distribution did not mean the bulls were gonna regain control. All distribution meant was the buyers and the sellers, one got cleaned up, it wasn't the sellers, the buyers got cleaned up and then expansion channels started forming to the downside. Please watch the levels tomorrow. If we start confirming today's prices, there is going to be more selling. We'll see, we'll see. We have to be prepared for everything. Guys, have a great night everybody. God bless and I will see everybody tomorrow. Take care.