 Again, not out of the woods, but you can see how close it is to reclaiming the 50-day moving average. And that's the theme, folks. That is the theme every night when you're looking to get value for the next day of trading. Concentrate on that 50-day. 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, everyone. Good evening, everybody. Welcome to another edition of the AccessaTrader.com nightly wrap-up show. I hope everybody had a good day of trading. Some really, really good actual talk about that. We'll talk about the individual pivots in a few minutes. But what I like what the market did today, and if you watched the weekend update, we talked about there's a level that I think the market is going to push. I mean, the market, I want to use the QQQs, the proxy. And what was good about today's session was we didn't get that gap up into that 339 level. And you can see here where we talked about on the weekend update, this is the area that I feel like the bulls are finally going to kind of like at least pause, right? Have a pregnant pause, maybe not turn around and go all the way back to the lows of March. But the point is kind of a little bit of a roadblock just to kind of get a little bit of a breather. What I liked about today's session was that, number one, the market rested. So we kind of bought another day of really good action. A bunch of names coming above different areas of supply. And it basically bought us another day that the QQs didn't give that big exhaustion bar break or exhaustion kind of parabolic, quote, unquote, move into the next supply zone. So that's a good thing. And if you look at all across the indexes, it really did represent that. The QQs were down nothing, 44 cents, beautiful res date. The IWM down nothing, right? Less than a dollar. If you look at the Dow, how much is the Dow down to? 50 points, absolutely nothing. Again, really good, strong action. The spies, again, another all-time high there. So it's good. Breathing is good. Congestion is good. Letting organic stocks pull up that reflect the action is all very, very good. And until we hit that really aggressive point into that 339 level on the QQs, again, there's no reason to believe you shouldn't get aggressive in the names that are viably technical aggressive. And the names that are still moving over and over and over again are names that are reclaiming big 50-day moving average. So for example, NOW, and this is one of the names I pretty much, again, if you watch the weekend update, I'm going forward. And, you know, the reason is liquidity. I'm going to stop really putting in a lot of beta names in the nightly updates just because the liquidity is very, very tough. So a name like NOW, and we'll show it in a second, even though this had this massive $7 run, if it goes out to everybody, it's going to be impossible to get any type of liquidity. So going forward, I'm just going to put a lot of non-beta names, or at least non-beta names, kind of for you, some of you guys to watch for the next day, because again, if artificial volume comes in, it's very, very hard for me to kind of decipher if it's organic or if it's artificial or a combination of both. So it's kind of a decision that I made a couple of days ago and going forward, I'm going to kind of keep that. But the overall message is still the same. If you look at technology and what they did today, you're starting to see, again, the same theme over and over again. You've got Amazon continuing its move after hours. Jeffrey's had a really aggressive note. I believe it was like a $5,700 price target, and stock is up another 20 after the close. You have NVIDIA, you know, and another name that we've been, you know, we've been watching and we've been trading over and over again after the 50 they moved. They had their analysts slash investors meeting today. A whole bunch of PRs came out, right? They did something with Amazon Web Services. They did something with a new chip, blah, blah, blah. Nobody cares, right? Nobody cares about the specific nature. It's all about price action. And NVIDIA just absolutely exploded. And now this thing is literally a day or two away from reclaiming 52-week highs. You have a stock like Square, very, very aggressive. This monster move, you guys remember several, you know, last week, there was an important area that again, reclaimed the 50-day moving average off that 237 level. And look where it is now. It literally took out every single level. This is the highest close in this whole formation. They were coming for near-term, you know, 290 expiration today, coal exploration. So very, very bullish in the tech space. Rest is good. Digestion is good. The last thing we talked about, especially in the weekend update was we don't want a market that's too far, right? Too hard, too fast, too much, too fast. We want slow. We want methodical. We want nice distribution. We want completely one stock going to rotate it to the another stock and so forth and so on. And if you look at, you know, what we see value in today and what we saw value in today, our names are slowly starting to be put up. Like look at Tesla, for example, right? Really, really big aggressive call buying came out today. And this is the highest formation in this whole close. Now again, is it out of the woods? Of course not. It's still, it needs to reclaim this 50-day moving average. But you could see slowly, but surely my point how a lot of things are starting to get pulled up. You look at a name, for example, like UPWK, another member of the NASDAQ 100. Again, not out of the woods, but you can see how close it is to reclaiming the 50-day moving average. And that's the theme, folks. That is the theme every night when you're looking to get value for the next day of trading. Concentrate on that 50-day. Whatever if you're doing a manual scan or you're doing some sort of, you know, program scan. Concentrate on that 50-day break. The longer we stay above it, you can have more and more charts complementing what we're seeing in the NASDAQ 100. The names that are still weak is kind of the names we talked about on the weekend update, right? Look at GameStop. We talked about this on the weekend update that it took out that 162 level. And we'll get to the pivots in a second and trade it right to the 50-day moving average. So if you believe that the 50-day moving average is important to the upside, which we've seen countless of really good pivots to the upside, well, doesn't that isn't the opposite so true for the downside as well, right? This is the first close below the 50-day moving average. So if GameStop confirms tomorrow, man, you got another $30 worth of downside room. So we're set up, guys. We're really set up. Even names like Baidu that we talked about over the weekend lost its 10-day moving average going lower as well. So we are seeing a really good market. What I like about this market is not everything is going up once. We're literally getting rotation from a Netflix, to a Tesla, to a NVIDIA, to a Facebook, to a Microsoft, and on and on and on. So it's not one of those scenarios that everything goes and some people can miss the whole day. Literally, you can miss all day and kind of miss your window. But what I like what they're doing is one is going here. The next day, another one is going there and slowly but surely eventually if the market continues to be good, eventually everything will get pulled up. They'll validate and confirm the 50-day moving average. And then we can have a really, really aggressive rally into the second quarter. Earnings are going to start soon again. But the more, again, the more time we spend above the 50-day moving average on, especially on the NASDAQ 100, the higher probability you're going to have much, much, much more validated and really, really exaggerated moves on the line. And if you look at today's session, again, you saw pretty good value, right? Not 10 stocks, not five stocks, but two, three names validating at one time, they're going. And going into tomorrow's session, we know the number, right? We know the number for possible exhaustion or quote-unquote short-term blow off top. So that 339 level is still valid. But the longer we can consolidate, the better we will have that organic move. So instead of maybe getting that one-day move into the 339 level, maybe we'll get two, three days of slow grand, really methodical grind, and there won't be any parabolic type of blow off top. Maybe it just gets three, four days of grinding, hits this 339, the next day validating 339, and we'll never see a back test, right? Wouldn't that be the perfect bull case scenario? But again, we'll see. That's the most important part. You have to be prepared not only into your charts, but your areas of supply and demand in your ETFs or any areas of support and resistance that you're trading and be aware of those levels. So let's talk about today's session. Really good way to start the week. Again, not a lot of things, but the right ones and that's the most important part. All-zone, I still like for tomorrow very, very thin stock. Okay? You know, so I'm going to share this with you guys. This actually looks pretty good. I'm personally not going to trade this thing just because it's just way too thin. The whole day it traded 700,000 shares. But if this thing can reclaim that 62 level, right? You see this whole area here? If they can reclaim 62, keep an eye on it. It just trades a little too thin for me. NOW, huge move today. Congratulations for you guys to court it. 531 needs to build. Again, here's the perfect example of a 50-day consolidation, a 50-day remount, and there it is, right? So the 531 was Friday's highs. It reclaimed the 531 level and put up a $10 candle. Big, big move. I still like it. I still think this thing goes higher, especially if the market continues to grind. Who knows? Maybe you can still get 30 points out of this thing. So really, really nice move there as well. The funny thing is this was my first trade of the day was TIGR. I liked it, right? I had it off the watch list over the weekend. It was a very weird trade. It was a good trade. Don't get me wrong. It was a good trade. It was just very weird. And the reason why it was weird. So I bought it off that $20 area, and the spikes spiked up about almost $1, which was great. There was nothing wrong with the trade. My last piece got stopped at a break-even because, again, every runner just uses a break-even as you stop. The odd part about the setup was, if you guys notice, especially for what you guys have option scanners, there was repeat one after another after another. Like literally, like for an hour straight, there was repeat weekly 2250 calls. And it's very, very odd. They, you know, they ran it up on the option sweep. That part I got, and that part was good. The weirdest part is they sold it off and sold it off very, very aggressively towards the latter part of the morning, which I really didn't understand. But in the midst of that setup, we still continued to see 2250 weekly calls coming in, even when the stock was like down $1 and $1 change. Either somebody like really, really knows something or somebody is really, really gambling. But anyway, keep an eye on this thing for the next couple of days, just in case it kind of firms up. There could have been a seller. There could have been some sort of forced liquidation in this thing in the morning, but it was a nice trade. Went from 20 almost to 21 on Tiger. That was really nice. Tesla I called several times today. We're not at macro yet at Tesla. I know a lot of people are excited and say, oh my God, Tesla's doing this. Tesla's good, right? Tesla was good today. We bought it on the opening range above 694 and then I bought it back above 697. Traded to 705. It's not at macro yet. So for anybody who is watching Tesla going into tomorrow, it doesn't need to confirm macro. Matter of fact, if you look at Tesla's channel for tomorrow, we're still a ways. You can see where the 50-day moving average is. We're still a ways. So by no means do I expect Tesla to wake up tomorrow and challenge and reclaim the 50-day moving average. Would it be nice to not give back gains that it had today? Of course, absolutely. Would it be nice to see it kind of build on today's session? Maybe kind of grind higher? Absolutely. Because the one thing we do know, once it does confirm the 50-day moving average, look how much upside you have. And there was a lot of really aggressive call buying coming in on Tesla. You had the weekly 720 with a lot of size. You had some monthlys coming in for the 800. So there are bets being thrown on the line. But again, remember the options market, you're betting on the future. There's no guarantee Tesla's ever going to do what you wanted or needed to do within the timeframe of your bet. So that's why it's a big, a whole different discussion between equity versus options traders. But the one thing we do know, if it does reclaim the 50-day moving average, whether it's this week, next week, or hell, maybe never. But the point is, if we do reclaim it, it is going to be a big, big move potential on Tesla. So that was a nice move on Tesla as well. GameStop got absolutely annihilated. This is the second day in a row. This was Friday's pivots. 162, if it builds below can flush. And Friday it got down to 153. So this is the continuation pivot today. If it builds below 152, it can test 145. Not only did GameStop test 145, right? So here's the whole, the initial 62 pivot here, the 153 confirmation. And it traded all the way down to 135 telling you, folks, if this thing, if this thing confirms today's price action for the next couple of days, guys, look how much room you have down here. So congratulations for you guys who are still holding this thing, holding a runner, because if this thing gets validated, man, there's a lot of room to the downside still. Qualcomm never got up to the $41 area, got downgraded this morning and never saw the light of day. Zoom, not a big move, not a big move, but 319 held twice if it builds below can flush. Didn't really flush. It went down, but didn't really flush. Here was Zoom. It took out the 319 level here. You can see it held there twice and went down to 315, not a big move, but 315, 313 now becomes line in the sand. And those two levels hit, especially if there is, quote unquote, a pullback in the market, you know, maybe this thing gets aggressive back to the downside. Tiger, yeah, first 80, 90 some move was big. Just the problem is it never followed through. Game stop, take on the way down. Tesla take on the way up. And yeah, it's, you know, went to 705, 708 was the next supply. And here's the weirdest part. Again, we were talking about this Tiger nonstop, weekly 2250s, you know, $2, $3 out of the money. And ironically, just kind of died on a vine there, which is very, very odd. Game stop went all the way down to 35. Again, we talked about NOW put up a $10 candle actually went to 541 almost 542. RBLX nice move there from Friday, 73. It confirms 75 went all the way to 77. Maybe this thing takes out all-time highs sooner than later. Netflix again, didn't do anything at all today as well. So look, we have to be very, very patient. There's great, great rotation in this market. The money flow is obvious. But again, the most important part is know where the macro levels are. Don't anticipate. If you like Tesla, wait for the levels to confirm. The last thing you want to do is go early on Tesla. Go early on Netflix. Go early on Apple. The reason why technical analysis works because these are very, very specific levels I've got rejected before and now they're getting confirmed. So guys have a great night, everybody. We got a good game plan to put tomorrow. And with God's help, maybe we'll get some great value. You guys have a great night. Talk to you tomorrow.