 Trump in his, you know, in your windows and his jabs and Biden forgetting what he said 30 seconds later This is going to be like better than anything you watched on on Netflix in the last couple of years So that should be really really good. But you know, I get a lot of people ask well, how's this going to affect the 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 giving your body welcome to another edition of the axis of trade comm nightly wrap-up show Hope everybody is doing okay So let's get into the technical side of it and then we'll kind of get a little take of what's happening Well, what could happen tomorrow? Although the bulls and again We're gonna talk about the NASDAQ proxy the qqqs although the bulls didn't reclaim this to 77 level Okay, which we talked about last night. That was very very important to kind of take over There was a lot of good things that actually did happen today despite the indexes kind of You can use the word taking a rest right taking a breather again big three-day move So today if they were to regain this to 77 level, we could have had a really aggressive rally Although that did not happen two things happen. They were very very bullish number one. They try to take down the market several times They couldn't do it They try to take the market down the qqqs back to the 274 level for the bears to take control They couldn't do it and the most important part is and this is why I've been saying for years and years and years That the indexes are kind of irrelevant Beta names were incredibly strong today. You can go down the line today NVIDIA Spotify Facebook was incredibly strong today There's so many names. They were very very strong and I owe in the electric car space was very very strong to low was very very strong CRM that I've been watching now for two weeks never sold off that was very very strong beyond was very very strong So despite the failure to reclaim that to 77 level I think the most important part was that we didn't give anything back. We held not only the rising 10-day moving average, but this rising 20-day moving average and now if we can get one more day of distribution We could resume and start taking back that to 77 level so very very bullish. I think what a lot of traders What they ran into today was they started to get cute I saw that you know a lot of times today as soon as they pulled any type of news in the market And again COVID is back. Okay, and again somebody's gonna turn out and say well COVID never left But it's starting to get back on a day-to-day basis and the headlines if you guys remember For a while we started getting numb to the headlines on COVID and then this morning you started seeing a pretty decent spike in New York City Later in the afternoon you saw Angela Merkel talk about Germany having an issue big spike there And the latest rounds of sports COVID came from the Tennessee Titans They're talking about eight people. I think it was five players and three personnel Tested positive. They're closing down the facility again Whatever happens is gonna happen to the schedule to be to determine But the point is COVID is slowly but surely coming back in the cycle and it got a lot of bulls Very very nervous and unfortunately what I saw a lot of traders do today Start to anticipate that COVID is gonna be the dominant factor with drives this market And what they found out was the buyers that really defended especially that 274 level They came back up and really really aggressively defended that level to propel it right above the daily supply once again So these things are all very very bullish the idea that tomorrow and tonight, you know is a classic night of television You know again, I'm not a political guy I don't have a dog in the fight for me. I just respect the office of the presidency for me tonight This is gonna be just must-see television and it's not for the content. It's not there They're they're they're banter for their political beliefs. It's just gonna be damn funny Okay, if you you know between Trump and his and his you know in your windows and his jabs and Biden Forgetting what he said 30 seconds later This is gonna be like better than anything you watched on on Netflix in the last couple of years So that should be really really good, but you know, I get a lot of people ask well How's this gonna affect the market? I don't think it's gonna affect the market as much as you think tomorrow You know the pet I don't think there's gonna be anything earth shattering that's gonna come out in this initial debate I think it's more just like must-watch television So if you are a fan of complete nonsense, which I think this is gonna be in a good way, right? This is definitely a must-watch. I think though tomorrow I think the bulls really need to kind of hold these levels again We don't need to rally tomorrow But I think a lot of the names that are starting to play catch up into playing catch up into where the indexes are I think if those names could wake up and start confirming macro levels We should have another premium day and if you look at if you look at the the pivots today We're pretty aggressive beyond I had that really really aggressive PR with Walmart Nearly tripling the capacity in Walmart stores on the video and the video went absolutely nuts today before micron came out Earnings if you look at in the video and you look at the option flow in the video They were they were literally buying those 550 weekly puts like this is the literally the last day You're allowed to buy weekly puts on as in weekly calls This is the last day you were allowed to buy weekly calls in the stock panic buying in the weekly 550s also Tesla Look at the volume. Look at the volume today in Tesla On those 450 weekly calls as well really aggressive as well Again, we talked about earlier big speculation money flow Coming in and I owe on the 22s on the 23 calls very very aggressive And if you guys remember if you guys remember this stock right here Z you guys remember yesterday Z we talked about I really liked You know, I really like the the setup here big move up the rest of it continue today. Well, if you look at space Right if you look at space for tomorrow, it's exactly the same thing again same common denominator big 22 23 weekly call bars as well. So the one thing she's kind of a check note We we defended the 274 level which is very very bullish They try to take down the market on the COVID news and they couldn't very very bullish Speculation money is still there both in the smaller cap market, which is obvious and In this in the option money flow out of the money call. So these things are really really good again Anything can happen. This is a fluid situation With COVID with you know with the election on the horizon But the common denominator is price action again, like I said last night in the video Don't anticipate and again, even though we didn't reclaim macro levels on the cues There was really a lot of really good pivots and it really does show that the indexes are kind of irrelevant And it's all about price actions. Let's talk about quickly Today's pivots are really good stuff again a lot of names Really woke up again. You could turn around say well These were the stay-at-home plays they got very strong like the Netflix's of the world Facebook was very very strong beyond was very very strong square was very very strong So you could continually see the speculation money flow and high beta names that are still very valid And that's where market sentiment lies. It's market sentiment is irrelevant if the Dow was down 200 points 130 points The most important point point is the Nasdaq held, right? They held they consolidated they rested and now we're looking hopefully fingers crossed for the next leg up So let's talk about today's pivots 492 rejected twice on the daily on Netflix needs to build a very big move on Netflix closed You know closed fairly well Closed within you know within a couple of bucks at the high So here was you know here was the 92 right 492 492 492 a traded right to the next supply zone here In this 496 and change the key is now for Netflix to do a little bit baby steps Reclaim this 97 level and then you can see the next potential is 507 again baby steps It's all we asked for but again the fact that we're seeing such good flow It really does show that the market is still very very strong CRM again, I think I put the wrong number it hasn't been rejected twice a 249 It's been rejected like five times and look at the chart man This thing is definitely setting up it look how tight this is getting guys if this thing could just reclaim supply This thing is in a go. So I really really like it. We're still watching this Z Again huge move on Z. Congratulations. All you guys who caught it 4020 needs to build here was Z Right, it took out the 4020 that was this whole channel here took out 4020 and went to 42 and a half Really really big move on Z Square, you know square got upgraded again today 16475 165 needs to build Here was square, right? So square, you know, we talked about going to the supply here So it took out the 6465 and traded right to 67 and a half again top of supply again guys You don't need to guess where the next supply zone is is staring right in your face on any of your chart platform So nice move there Amazon never got to the 3190 traded the 3188 Apple Big Supply at 16 never traded there Facebook is a pretty good move. I caught this pretty pretty quickly off the open 25975 260 needs to build here was Facebook again another perfect example of beta names getting stronger So it took out this whole channel here and traded right to the 263 and a half level and as you can see it stopped perfectly So if Facebook starts reclaiming that 263 and a half then it has potential here to 267 and again Baby steps and all the way back to 275. So Facebook was good as well Beyond was really good as well. We caught this as well Beyond PR with Walmart 162 50 163 needs to build here was beyond Right, so here was beyond here's it 162 50 163 That's the 52 week highs and the stock traded to 170 big big move there as well So Netflix good beyond good Facebook take on the way out beyond huge I said potential 262 went to 263 Square right to 52 week highs FSO why I still like okay, obviously didn't get there, but I still like it at that round number Boba that he has the only trade that didn't work for me today. I bought Ali Baba It rallied like 30 cents or so I couldn't really figure out why it only rallied 30 cents and yada yada yada I wanted to losing 47 cents in the trade, but it is what it is and KLA again buyer came in For the 13 15 13 puts again. Somebody's betting this thing's gonna go out of business 1788 yesterday's low it traded down to like 1740s it looks like again, you have to be really patient with this thing, but it does look lower again Here's space. I still like this thing for tomorrow traded 2098 I still like this area again big call buyers coming in looks like a nice res day today New lows there as well. FSO why I still valid 34 and again, I really want to watch Amazon for the next couple days Because again, we saw a 3400 calls coming in for the next for the next week's expiration again prime day is October the 13th, so we still have to watch that also Go Daddy had a PR with think it was Amazon think it was Amazon. I can't remember now Amazon But nevertheless never got to 78 again We talked about big big buyers all over the place on Tesla and the video It's me curious to see what happens with NVIDIA tomorrow MU came out earnings nothing great nothing great They're talking about weakening a little bit of demand, so we want to watch NVIDIA But again, if NVIDIA does hold rising 60-minute support starts taking out today's Price action could go a lot higher And that's it. So we are again. I want to definitely give the bulls The benefit of the doubt for tomorrow. There's a lot of really good setups here And if the market could just rest for just another day just one more day or maybe even start going tomorrow I think we could get some really good value. So guys Enjoy the debate right enjoy the debate tonight. I enjoy start of Major League Baseball Go Yankees and we gots help. I'll see you all tomorrow. Take care guys. Have a good night