 Welcome to Access to 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, it's Dan Shapiro. Welcome to another edition of theaccesandtrader.com, a nightly update show. Hope everybody is doing well. Hope everybody had a good day of trading. If you are so kindly, if take a second out of your time, if you like the content, if we like what we're doing, especially with the unbiased day to day kind of process of the PS60 theory, all we ask is take a second, like the video, share, subscribe, all that good stuff. And for all you guys who are interested in the PS60 theory, nobody else on the planet trades it but busts. And if you like to get a kind of a taste of 30 day kind of a kick the tires sort of scenario, I would love to expose you to the wonderful world of pivots. There'll be a link somewhere below the comments. So I'll be looking forward to meeting you guys and working with you guys soon. So let's get to the tape. If you look on the service today, like my mom says, no news is good news. If you look at the NASDAQ 100, NASDAQ posted a little bit of a gain today queues down about a buck, but you could see the formation holding pretty firm. Last couple of days has just been kind of hugging the five and the 10 day moving average, giving it a little bit of a bounce. Your names that kind of were a little bit of a dead in the money type of scenario are starting to wake up. The first one that woke up yesterday was Apple, right? engulfed its earnings day kind of waking up. Like I said in last night's video, it still needs to reclaim back the 50 day moving average, but at least it's going in the right direction. That's a very, very positive sign when companies have a crappy or at least reaction to earnings and then they start kind of bouncing back. So Apple again, not out of the woods just yet, but it's still about maybe a day or two away about reclaiming about the 50 day moving average. This is a super duper important level in the next two days. You can see here what happened. Last time it reclaimed on January the 18th, it went from literally 185 to 196 in four days. So it's been very, very important next day or so for Apple to reclaim back the 50 day. Google, right? Google is another name you can see here. Again, it had another crappy reaction to earnings. It did reclaim back the 50 day moving average a couple of days ago with this really, really aggressive hammer. The last couple of days it's been trying to fight into and get out of supplies. You can see back to back days now it's been rejected off the 20 day supply. It's going to need a little bit of work to get above that. The only problem with Google and Meta, I just wanted to give you a little heads up. Like I thought in the next couple of days, like I said yesterday, I thought Meta was going to wake up and have another run. A little problem this evening maybe affects it, maybe a dozen, but Snapchat came out with earnings and you guys, if you guys don't know, it's getting killed. It really, really getting killed. It's down about 25, 30% after the close. Is it going to affect Meta? Is it going to affect Google? We'll see here, but going back to Meta, it needs to really defend the earnings lows. As you can see here, it stopped at the earnings lows today and it stopped at the earnings lows while day of earnings. So it's going to need to defend this level because if it starts getting below this earnings low, then there is going to be a little bit of a rug pull. So it's going to be very, very important for Meta for tomorrow to kind of defend those earnings lows, bounce back and start reclaiming today's highs. The good thing about what we're seeing on Meta, even though it's down about 20 points in the last two sessions, keep this in mind on the earnings date, on the earnings release date, the following day, it was up 85 points. It's still up about 65 points net net on the last couple of days. So going into tomorrow, it's going to be very interesting to see if they don't defend the earnings low and the same literally low with today's channel, then we will have a kind of a short play there. But if they do defend it and start taking out today's channel, if you look at the 60-minute view, if it starts taking out today's channel and gets above all the supply, maybe we start getting a move back. The key with Meta, and it kind of applies to Amazon as well. We'll talk about that in a second. The key with Meta and Amazon is we need to start seeing deep out-of-the-money short-term calls. The reason by that is all these stocks, all these high-beta institutional darlings, they're fueled by institutional money. Nothing happens. Nothing gets squeezed without institutional money flows starting betting deep out-of-the-money short-term expiration calls or puts depending which way you're looking at the market. So it's going to be very, very interesting to see tomorrow, especially if there's any early morning weakness. If they do start coming for the 4.75, the 4.80 weekly, even the 500s for next week, so the stock is going to be directly correlated by institutional money flow in the options market to see if it gets it going. So Meta, I'm definitely watching for tomorrow on both sides of the trade. Amazon kind of the same thing, right? Amazon is just really doing a great job of holding its earnings lows. And you're just sitting here. And you can see here, three days in a row, Amazon has held the earnings lows, that's a good sign. But just like Meta, if there is a rug pull, and again, we were always prepared on both sides of the market, if Amazon starts losing its earnings lows, just like Meta, yeah, of course it can get pulled. But the key is if it starts reclaiming back today's channel, like we talked about on Meta a few minutes ago, it could start waking up as well. So we're definitely set up. I mean, in a perfect world for me, and I think for everybody who trades high beta or mega cap technology stocks, we'd like to see a second run on these things, right? We really would, especially Meta, because Meta, if you guys remember on the earnings date, they were coming for 485, 500 calls. Repeat on loop, like they were running out of time. So it's very, very important that we get to see another run in these things or else the market will represent a little bit of a tired scenario and potentially a buyer's strike, NVIDIA, right? So it took NVIDIA, it took NVIDIA from November, right? From November to all the way to January to finally break out and get above the 500 level, right? So it took literally a couple of months. It took no time. It took no time for you to get from 500 to 600. Maybe it took what, a week, week and a half. And today, NVIDIA, you woke up pre-market, you saw NVIDIA trading 7, 10, 7, 12, and that was a pretty good poll. We'll get to the pivots in a second. This is literally, literally my only trade of the day today. And believe me, I didn't wake up today. I didn't wake up today and said, well, you know what? NVIDIA is going to be on my focus list. You know, I always have it in my mind for a potential poll, but it was definitely not on my focus list. Well, again, we'll get to the pivots in a second, but you can really tell how delicate a stock is, especially around round numbers, if it gets rejected. Like by no means do I think this is the top for NVIDIA, but it really is setting up kind of an interesting over the next couple of days in case it does lose the five day moving average. We'll definitely have another opportunity on it as well. Same thing, SMCI. SMCI, just like NVIDIA, continues just to be strong, continues to be bought dips. SMCI at one point today was down like 25 points and finished up 20. I mean, the power and these semiconductor names really, really continue. It's a very, very good testament, exactly all the overall sentiment of how strong the market is. Tesla. Let's talk about Tesla for a second. So Tesla yesterday, we talked about Tesla, put in this hammer, which is usually generally a good thing, but as of yesterday, it didn't take out a previous day's channel. Today it actually did, right? It held yesterday's low pre-market and it actually took out the previous day's channel. As you can see here, it stopped on this orange line, which is the five day supply and the last time it helped hit the five day supply, the next day just rolled over again. I want to watch Tesla for the next couple of days, both sides, right? Both sides. We obviously know it held the bottom channel today and yesterday's channel is exactly the same price, but I'm very curious to see if Tesla does start to reclaim back the five and the 10 day moving average in the next couple of days. The reason why I bring this up, remember a couple of minutes ago, we were just talking about meta and how we need to see a deep out of the money call buyers come in? We actually saw that today. Okay. And when the stock was like, you know, and again, it wasn't a huge move today. It was just a little bit of a dead cat bounce, but a dead cat bounce with option flow potentially could trigger the stock. And I want to keep an eye on Tesla the next couple of days to the upside, right? To the upside. Obviously, again, I'm always watching it to the downside because it's still, it's still in a dead downtrend. But if, like I said a minute ago, if it could reclaim back the five day and the 10 day moving average, maybe this thing does wake up and starts attacking the top of the channel here on January 30 highs. Because what we did see today, like I said, is what exactly what I'm looking for in meta. We started seeing weekly 190, 195 calls coming in. We saw it next week's 200 and 205 calls coming in. And they weren't coming in for 30,000, 40,000, 50,000 dollars. They were coming in for three, four, 500 grand. So that's what we need. We need institutional money first. And then we need to see the stock reclaimed back intermediate or short term supply. And that's what really triggers the stock. So let's definitely keep an eye on Tesla for tomorrow, especially if it could reclaim back the five, 10 day moving average. If it doesn't, we obviously know what the downside pivot is. It's the same price literally as it was yesterday's low as today's pre-market low. And this thing could get going as well. One name that continues to do very, very well. Oh, well, that continues. But doing very, very well is PLTR. We talked about this last night. PLTR had a massive, massive run. They were coming for short term 23, 25 and $27 calls. What's interesting about the name, it gives you a really good clear path entry for the stock for a potential continuation. If you guys notice the November 21st highs are exactly the highs that were put in today. Exactly. So it's got rejected off the 1121 highs and it's got rejected off today's highs, literally at the same price. So if PLTR in the next couple of days starts taking above, you know, starts getting above, you know, this 21, 85. Well, I'm just going to give you guys the price. It's literally the same price. If PLTR can start building above 21, 85, right? You see that? That's the high on November 21st. That's also the high from today. So if they could start building above that 21, 85 level, maybe this thing does take off. Maybe there is a day two, day three, a potential run into this 24, 50 supply. So there's a lot of really good ways to attack the market. But let's say they pulled the tape, right? Let's say they pulled the tape. Look at AMD, right? Look at AMD. And again, is this a scenario that, you know, it's poised to get a pullback? Not necessarily, but like I said all the time, every single day, don't we need to be prepared, right? You see how today it stopped at the 20 day support and bounce. You see how here on January 31st, it hit the 20 day support and bounce. Now, the point is, what happens if it doesn't bounce tomorrow, right? What happens if it starts losing the 20 day moving average? Well, that's the whole point of being prepared on both sides. So if there is a pull in the market tomorrow, I definitely want to keep an eye on AMD. Absolutely. I definitely want to keep an eye on AMD for another pull. So we're very, very prepared. And that's the most important thing, whether you're trading the PS60 theory, whether you're trading, you know, Fibonacci's, where whatever, however you decide to trade the market and put your capital at risk, you need to be prepared on both sides. And that's one constant I keep on reminding new traders every single day. Don't get locked into a bias. It's okay to be wrong. Have a game plan and let that game plan organically play out. Because if you try to force the issue, if you try to squeeze water out of a rock, you're going to be fighting the tape. You want to swim in the direction of the stream. You don't want to swim against it. And that's a very, very important part. So tomorrow we're definitely set up here. I'm watching for Meta and Amazon potentially if they're going to lose their bottom channels. But if they hold their bottom channels, yes, I would absolutely love for them to wake up to have a day two, day three run and to start attacking the earnings highs. But again, we want to be prepared on both sides. A name you guys should really watch and congratulations for you guys who caught it today in the webinar is New York City Bank. You guys remember last year there was a run? There was a run on this SNL's, right? They had some really, really bad, you know, a couple of weeks near city bank. Guys, watch this thing. I know a lot of you guys are long to short today and congratulations, you know, from four nineties. This thing got hit. This thing went all the way down to three ninety six. They were coming for the short term four dollar puts we got which got paid out today. But they were also coming short term for the February and March three fifties and the guy in the stock is a four twenty. So again, it's one of those fluid situations. We'll have a lot of news. But boy, oh boy, this thing got really, really hit. And, you know, it doesn't look great going into a short term. Let me give you guys some other ideas. Obviously, I gave you guys a few ideas here going into tomorrow. But let me give you guys some charts that I kind of like. Obviously, we talked about this P.L.T.R. Look at Roku, right? Check the earnings data on Roku. But look at Roku's chart. Look how tight this thing is getting. If Roku starts reclaiming the 50 day moving average, this thing could really move. That's a nice looking chart going into Roku going into tomorrow. The question is, can't it confirm? Look at a name like Carvana, right? It has like what, 40 percent short interest. It broke out today above the 50 day moving average. The only reason it stopped at the Bollinger ban. If this thing could reclaim the Bollinger ban, who knows, maybe it could have started attacking the January 22nd high. So it's something very, very important to watch for tomorrow's session. Obviously, like I said this morning, you know, there wasn't a lot of pivots. It just wasn't. But the ones we got, I always say this, you know, like there's the acronym YOLO, you only live once. Well, our acronym is YOLO. You only need one. And this is the whole point of trading. And it is for me. When you trade beta to have such big ranges, you don't need to be creative. I was initially watching Tesla for that 175 breakdown. Didn't happen. Amazon stopped exactly at supply. Game stop. I was watching the 1340 builds below and never got the 1340 trade to 1343. And here is the point, right? You only need one, right? Meta never got to the sneaky 69 pivot. Here was the trade of the day. This was definitely the trade of the day. 684 held twice if it builds below can flush for experienced traders only. And I say that because again, you really need to have some sort of level of experience to trade in the video. And this was definitely the trade of the day. Here was in the video here. Let me show you the 60 minute view. You see this? You see this 684? You see this candle here, 684? Well, 684 held twice. And once it lost to 684, this thing just got absolutely hit when all the way down to 663. Definitely it was literally my only trade of the day. I reentered it twice, but a beautiful move. Absolutely beautiful move on the video. Congratulations for you guys who caught the whole move down into the 60s. And the point is, wait for value. This is the unexpected value of the day and the question is tomorrow. Well, what's going to happen next to be determined? This is why this is the greatest reality show that's not on television. Again, for all you guys who are joining us or plan to join us who are curious about pivots guys, again, I would love to expose you to the wonderful world of the PS 60 theory. I think after 30 days, it's going to really, really change your mind. How you look at the market. Guys, God bless everybody. Have a great night and I will see you all tomorrow.