 If the Q start building below 3.18.39 tomorrow, then yeah, I do think we'll have a proper backtest. Okay, again, nobody's saying we're going for the lows. Okay. 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 Access a Trader.com nightly wrap up show. Hope everybody is doing okay. So, you know, let's talk about it. Last night, I thought I made a pretty decent case of why I thought a little bit of a backtest was kind of necessary for the first time. Just a kind of quick review for the first time. We saw a major stock like an NVIDIA go down actually reporting bad news. And then we saw something we haven't seen in a couple of weeks. Stocks such as a Microsoft, Amazon, Tesla, so forth and so on, kind of fail right after reclaiming a previous range. And that was kind of what I called and just was called in general, a little bit of a bias. Right. Just the same way in a bear market when you have stocks just continue to go lower, lower, lower. Eventually, as nobody left to sell shares, you know, sellers get tired and the market just kind of reverses. And this is kind of the opposite, right? You know, the market has been going up for two weeks in a row. And yesterday was the first day that everything that we just talked about a couple of minutes ago kind of played out. And this is where buyers just got tired. And that's what it was. And we talked about a very, very key level last night. We went over it several times, just 318, 39 level. And this is, you know, this is the area that is in front of everybody, right? And that's the whole point. I think, you know, I've been kind of driving this point home, especially for new traders. New traders are looking everywhere for the answers, right? Social media, this way, that way, this one, the outline, this one knows, this one doesn't know. It's right in front of you. It's literally right in front of you. The same data that I have, you have in front of you. And every night when you do your research, you can make your assessment, right? You can have your opinion not based on ego and not based on what do you think is going to happen six months from now? What's going to happen tomorrow? Where are the key levels tomorrow that if those levels reclaim or those levels, in this case, break, you can take advantage of those levels. Now going into today from last night's video, you know, we talked about, nobody's talking about a crash, right? Nobody's talking about a crash. Nobody's talking about the markets that go back to the lows. All we're talking about was, hey, if this level gets taken now, 318, 39, there's a good chance we get to the 10 day moving average. And that's exactly what happened today. That's all it is. That was all the event. We talked about Tesla last night. We talked about in the video last night, day two after a missing earnings, and they all played out. And that was the whole point. And now after today's movie, you look up, you know, the Dow was down, what, nothing, 58 points. The S&P was down, nothing, half of a percent. And the Nasdaq after a phenomenal run. I mean, absolutely a phenomenal, phenomenal run. All of the today was test back the 10 day moving average down a little bit more than 1% on the day. What I'd like to see, right, what I would love to see just one more day. I would love to see one more day of selling only because we can get down to this level here. This level here would represent like three different demand zones. And I think if we can get down to the 313 level, if we have one more day of selling, I think a lot of, a lot of, you know, novice traders, a lot of aggressive eager shorts to get trapped at that level. And then we could start moving back up. That would be the perfect world. Again, as we all know, we don't live in a perfect world. We don't trade in a perfect world. So we have to, like I said last night, always be ready for both sides of the market. And when you look at today's channels, right, I mean, obviously, you know, the semiconductor's got hit. Okay. You know, pretty much all over the place. And we'll get to the pivots in a second. NVIDIA, you know, just basically barely hung on to the 50-day moving average. And again, everybody understands how important the 50-day was. You see here the first time NVIDIA closed all the way on 4.6 below the 50-day moving average. What happened, right? So NVIDIA got spared today, right? Remember, that's today. So we're going to use today's channel, right? Going forward in the next few days is kind of the line of the saying. Because if this thing eventually does lose the 50-day. We don't know. You know, NVIDIA could turn around tomorrow and start taking out highs in a couple of weeks. But we do know, you know, from experience, we do know from technical, technical past performance that once we fall below the 50-day moving average, bad things happen. So this is something that we definitely, definitely want to watch for the next couple of days. And this is why we keep on reiterating the point on the overall market, right? We're above the 50-day moving average. And that's why you're getting so much really good aggressive buying on a day-to-day basis. Yeah, you'll have some days that the market takes a little bit of breathing. You have to be kind of ready for that and not be naive that it can't happen. But generally, right? That generally, we're seeing really, really bullish action. So in a perfect world, we get one more pull tomorrow. One little more pull tomorrow. And we retest that 313 level. There's definitely some names that I definitely like going into tomorrow's session on the downside, right? You know, names like Roku, right? Names like Roku that, you know, again, is maybe just one day away, if he could confirm to say his channel can get hit. Intel today, you know, we talked about Intel last night. Intel broke a pretty big channel here. You know, it should get down to this 34, 3350s level. Again, a continuation there as well. You know, look at a name for example, look at a name for example like, no, Envax, right? Envax got a hammer today, right? This is pretty much not in the same case as in the video as the day before. But you know, if this thing gaps up tomorrow and gets stuffed into supply, starts going, you know, green to red and loses today's channel, this thing should have a day two hit as well. So there's definitely, you know, there's definitely ideas to the downside. Even Tesla, which was pretty good today. Again, we covered Tesla last night in the video. I would love to see one more day, one more pull of this thing. So you could get, you know, if it starts breaking down below this little channel here, you know, maybe get down to this 327, 330 level. And then I kind of try to trap some shorts at that level, the 20 day moving average only to spike again. So there's definitely things I'm watching to the downside. Some charts that look interesting to the upside. Look at CVS is just kind of flagging here after a pretty good earnings run. A name for example, you know, look at some of the banks, not necessarily for tomorrow. I was just, I was going through this in P500. I kind of noticed how they were just hanging in there. You know, this is pretty good, right? This is when you know the market is stable and just resting a lot of groups that had good runs. Like for example, Goldman had a really, really good run. It is just resting, look at Citibank, right? It's just kind of going sideways. Even some of the insurance names, you know, like an Affleck look really, really good, right? I mean, the charts look healthy, right? Technology definitely getting a well-deserved pullback. And again, we're just trading day by day, you know, day by day, trade by trade. I have a plan again going for tomorrow. You know, tomorrow you have the CPI coming up. No, I'm not thinking about it. Neither should you. You have no control of what's happening is we all know the economy is crap. They're not going to blow you away with anything that number one is going to make your eyebrows raised. But number two, nobody understands what the hell they're talking about anyway. So whatever the result of the CPI is the result of the CPI. That's why again, you have to be, you know, you have to be on the ball and have set up some both sides. Like after the close, for example, you had TTD. TTD looked great. You know, reported a really good quarter. Had a nice run prior to the quarter on the flip side. You got Coinbase, you know, down a little bit. And that's the whole point in this type of market. It's only down a little bit. Stock is only down $3 after the close. After a phenomenal run, including, you know, including, what was it? What was it? Blackstone? The Blackstone PR. So, you know, would it shock me if Coin turned around and when red to green tomorrow and exploded like pretty much everything else that reported subpar earnings? Not at all. You know, it wouldn't shock me at all. So again, the most important part is there's a lot of times in your trading career, like for example, when we were, you know, for seven months underneath the 50 day moving average, you know, again, we knew we were underneath the 50 day moving average. Yes, you're going to have some days that the market ran out, but the predominant days are going to be with the trend underneath supply. It was going to be negative. And now we have the complete opposite. Yes, you're going to have a couple of days of rest. Hopefully, again, like I said, we need one more day. I'd love to see just one more day of rest for the bulls. But again, would it shock me if they go higher tomorrow? Not at all. Again, even names like Microsoft held up fairly well today. So I'm going to kind of watch Microsoft as well just in case the market starts waking up as well. So nothing really should kind of throw yourself guard tomorrow. I think, again, if you do your research today and look at the names that had disappointing earnings, like a like an nvax for a possible day to decline, it's out there. When you look for a possible stock that stood out today as all the other tech names were kind of falling apart like a Microsoft. It's right there. It's in front of you. You could see where the strength is. So would it shock me if Microsoft starts taking out today's channels to the upside and we kind of start moving back the other way? Yeah, that's the one you want to focus on. You want to focus on the names that didn't go down during the client. So sometimes you have to put in a lot of thought. You have to start watching a lot of moving parts. But sometimes, again, you're just pretty much in the moment. You kind of know where the general dynamics of the market is. We had a great run. We had a two-day decline. We tested the 10-day moving average. Again, if we lose the 10-day moving average and this important level going into tomorrow, like yesterday, the important level we talked about in the video was 318.39. Today's important level is 315.40. If it loses 315.40 tomorrow, then, yes, we will get one more move down to this 313 level. And this is where you might want to start looking at some of your favorite stocks in case they do respect and defend their own levels. That's it. Pretty basic stuff going into tomorrow. A very solid session. The Qs lost their number, got smacked. Tesla, we talked about last night. Really, really good moves there as well. And now the day is over. And now we are moving on and focusing for the next trading day to see how many, how many more days of rest, or are we going to resume tomorrow's action. So let's talk about today's pivots again. Here is the big number. ETF lovers, 318.38. Huge area. It's the five-day support. If it builds below, it can flush. And again, went all the way down to the 315 level. Really nice move on the Qs. Nvidia got smashed today. 172.42, if it builds below, can flush, right? It traded down to 170. That was the 50-day moving average. Once it broke 170, it went all the way down to 167.5. That 67.5 is going to be your line in the sand for the next few weeks. And this is, again, what's so important about understanding technical analysis. You knew exactly where everything was. So here is the 72.40s, right? Here is the 170. It bounced. It took out 170 and went all the way down here. So this is, again, here's the line in the sand going forward. You got Tesla, again, just a phenomenal stock, long, short sideways. It doesn't make a difference. Just a phenomenal trading vehicle on both sides. 856, if it builds below, can flush. We'll try to find a cleaner entry. We just couldn't find it. But 856 was the big key here. And look at the move on Tesla. Just a phenomenal, phenomenal move. It took out 856. It took out, excuse me, 856 was the low here on the 10 days support. And it traded all the way down to 838. I think if this thing has one more day, one more day if it takes down today selling, I think you get somewhere in the 825s, 830 level for tomorrow. We'll see. We'll see if there's another entry there. Intel, again, I know a lot of you guys are still swinging this thing. This thing is way too slow for me. But hey, to each his own. Chart is a chart as a chart held five times daily. If it builds below, it can finally flush. Here's Intel. Again, is this a big move? Is this a small move? But no. Who knows? Listen to each his own, right? Beauty's in the eye to behold. They get a little too slow for me. But hey, here's a 35 break. It held five times. It closed within 12 cents of the lows. If this thing confirms, should get down to 3370s. Nice move. So again, if you're swinging this thing, just manage your position. Wayfair never confirmed. Here's a little one that went up today. TGTX 757 needs to build. Not a huge move, right? But not everything could be a Tesla, right? Not everything could be a Tesla. So TGTX took out the 757, traded up to 776 before it came down a little bit. Hey, 20 cents on a $7 stock. I don't know. Is that good? Is that bad? Who the hell knows, right? Fold never quite made it up to the 1273 level. Cues take on the way down. Yeah, they were coming for the 800 puts. It looked pretty violent for Tesla for a while. At one point we actually thought it might take a shot and hit those 820, 830 levels. But you can see they were lining up for those 800 weeklies expiration for the next few days. So who knows? Maybe we'll still get one more day of selling there. And that is it. So that's it. That's it. Sometimes the market is complex in your research. Sometimes it's pretty clean. We're kind of on both sides right now. We're just kind of in a distribution area that the stocks are just trying to get their second wind. Again, we'd like to see one more day. But if we don't, we definitely have ammunition back to the upside to see if we can get a resumption in upward bias. Guys, have a great night. God bless. And I will see you all tomorrow. Check out.