 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, good evening everybody. Welcome to another edition of theAxisToTrader.com nightly wrap up show. I hope everybody is doing well. So let's talk about the numbers towards the end of the day. Nothing earth shattering one way or another. You have pretty flat day across the board. All the indexes taking very, very modest losses on the day. Again, you can't even say the word modest without even chuckling. The market's been on an absolute terror, especially the Qs. Ever since they reclaimed the 50 day moving average, the morning was very, very aggressive. We'll get to the individual pivots in a second, but this is good. This is exactly what you want. The last thing you want or need, especially if you're a bull, is one of these intervals that the NASA goes up 150 points every single day. Because what's going to wind up happening, all those people are talking about the market's overbought, the market's overbought. Eventually we'll get overbought and you don't want that. You want the slow, lethargic build. You have three days of upside, one day down, one day sideways, rinse, repeat, rinse, repeat. Because that's the slow grind. That's exactly what you need. If you get one of those situations, then the NASA goes up 100 points every day, every day, every day. Even the biggest bulls in the world will turn around and be like, ah, this is too far, too fast. I'm good. I'm good. And if people who are not participating on the long side say they're good, the biggest permable bulls in the world turn around and go, this is too far, too fast, then you're going to have an aggressive back this. We don't want that. We want that organic resday. That's the most aggressive bulls statement you could possibly have. Again, last week, the two biggest ones were Microsoft, right? Microsoft guided pretty much crappy numbers. Miss the top, miss the bottom line, big rally. Google did exactly the same thing. Not as big as rally as Microsoft, but still you can see a lot of bulls in the world. You can see a lot of bulls in the world. You can see a lot of bulls in the world. Big rally. Google did exactly the same thing. Not as big as rally as Microsoft, but still you can see a move from Google from 104 all the way up to nearly 116. And today it was no different. You had Pinterest, right? You had Pinterest come out. My wife loves Pinterest. If you guys don't know, Pinterest is like one of these sites. It's great for like decorators and stuff like that to get ideas for your house and stuff. So my wife is constantly on that site. Really, really cool site. Again, I don't know anything about the business model, but the point is, you know, they didn't exactly paint a rosy guidance rosy. Well, not guidance, but a rosy financial outlook and the stock is up 20% after the close. And that's again, that is the most important part is when you're talking about bull market, bull market and getting clues of what a bull market looks like. This is it, right? This is absolutely it right here. This is Microsoft. This is Google. This is Pinterest. Even, you know, even the DREC, right? The DREC of the world, Roku, right? Roku, you know, Roku had a big snapback day today. Granted, it was down 25% on Friday. But the point is that they're taking back even the garbage names. Even Metta was up, you know, a latte at a certain point before he gave up. So yeah, we're getting really, really good bull market action. You know, is this getting a little bit, a little bit tiring? Okay, you can make that case, right? A little bit tight, but again, it doesn't mean the market is a short. It means that, hey, don't get long at the top of the range. Or if you are trading stocks that look very, very good, watch for the option flow. Like again, we talked about in the video over the weekend update, right? You know, you look for stocks that are coming deep, deep tight into the range, right? In the video, we talked about over the weekend square, right? We talked about square over the weekend. We talked about, what was it? What was the other one? Airbnb, right? We talked about Airbnb. Look for charts like this, you know, super duper tight charts in case they do fail, right? You know, it's really not a big deal. But again, if you look at some of the names, you know, getting a little tired. Again, I personally think it would be a lot healthier if we can rest the next two days on the indexes. Again, if you look at the queues, you know, you can see here, you know, big, big run, especially from the lows from four days ago. You had to run literally from 293 all the way to 319. That's a big, big run. I think it needs a couple of days just to rest. Will it? God knows. Who knows? But I think it needs it. Even a name like Amazon, even a name like Amazon had a really strong quarter, had a big, big run, right? Really, really big run. And you know, kind of just faded, it kind of faded off the top of the supply here that it hit back to back days. Even Tesla, what are you going to say, right? What possible are you going to turn around and say, oh man, Tesla, Tesla, bearish? It just needs a couple of days worth of rest. You can see here today, it kind of, the last time, and again, this is where we talk about repetition, right? The last time Tesla put in an inverted hammer, right? You see the same thing, right? Inverted hammer here, inverted hammer today, right? The last time Tesla put in an inverted hammer and had a couple of days of back-testing obviously exploded. Well, we had an inverted hammer today as well. Again, does that mean this is the top for Tesla? And we're talking about Tesla's going to the 500 tomorrow? No, it's just, again, it needs a rest. The stock just in the last four days, right? The last four days has gone from 776 to 935. It just needs a rest. Ideally, and again, I'm going to watch this thing for the next couple of days for a possible back-side move just to get some flow, right? Just to get a little bit of flow to the downside. But ultimately what we want to see for the next couple of days, you know, is kind of drift a little bit lower. And you see this rising five-day, right? This is kind of where we want to get long the next time around. Again, anybody who's buying it up here, man, what are you doing? The stock has gone up 150 points in the last four days. Like why do you need to be long today, right? You had your opportunities here and here and the earnings high and the earnings high continuation. What are you doing up here, right? It's going to thousands. It's not going to thousands tomorrow. So, yeah, I think that's basically what it is. I think a lot of stocks do look tired. Even the names, you know, even the names that had really good earnings like Etsy, it hasn't even put in its second run yet, right? And that's the whole point. You know, a lot of these names are just kind of taking their time. And that's good. The longer they continue to build, especially the indexes above the 50-day moving average, of course you're going to be bi-biased. But certain days you're going to turn around and be like, I don't know how good the aggression is going to be. Again, maybe we get surprised tomorrow, right? Maybe something that we sent an alert for three weeks from, you know, three weeks ago kind of wakes up. But I wouldn't be surprised, okay? If we had kind of a lethargic day tomorrow, you know, I think there's some pretty decent value out there, especially, again, like if Tesla starts kind of a back test, obviously there's a lot of room to the downside. Again, no harm, no alarm. Just, you know, just looking for a channel trade just to get a little flow. But there are some names if you look for tomorrow's session, you know, there's some value, right? Like, look at a name like Workday. A lot of people are not going to really pay attention to a Workday. But again, look how tight this ranges, right? All it's doing is getting rejected off the supply. If Workday could just get above the supply, who knows? Maybe this thing could wake up. Square that broke out today, right? First close above the supply. Maybe it has a follow-through day. So again, that's kind of the charts that I'm watching for tomorrow. Let me give you guys a couple more. Let me give you guys a couple more on the long side to look interesting. Shopify had a whole bunch of $40 calls coming in for today. I still think it might be a day or two away. But just in case, again, same similarities, right? If you see last time the stock traded right into this daily supply, right? The next day confirmed, you know, had a $4, $5 run. Well, you know, I'm kind of watching the same channel here. Maybe Shopify wakes up tomorrow and puts in a repeat performance. I don't know. Again, I don't have a lot of enthusiasm tomorrow either way. The only one I'm looking for a back test tomorrow is Tesla. Maybe tomorrow, maybe the next day. But again, Tesla needs to breathe. I think we're all in agreement for Tesla to run to 1,000, to 1,100, to 15,000, whatever the hell, or the moon, right, whatever comes first. It needs a little bit of a back test first. Again, kind of case in point. Last time Tesla rested, right, was rested for three days, reclaimed the five-day moving average and went. Here's the inverted hammer. Here's the inverted hammer. So do we get a second performance of that inverted hammer like we saw the first time? Right, we'll see. Right, we'll see. But we're obviously prepared on both sides. So let's talk about the pivots today. Very aggressive early day. Again, NVIDIA was definitely our focal point. They were coming for really aggressive calls today. They were coming for the 85 weeklies, the 87 and a half weeklies, the 190 weeklies. Again, here's the move. Beautiful move right to 89. 82 and a half, 183 needs a new base for continuation from Friday's break. Here was NVIDIA. This was the only one that you really, really needed today. Really nice move today. Perfect move, right? So here's the 82, 82 and a half, 183 traded right to supply just a little bit shy of 189. Just a phenomenal move, really, really good move, especially it was very aggressive. Google were waiting for that 1675 new base to confirm. Google traded up to 1672 today, so still watching that. I was watching Meta to the downside. Obviously they never got there. It exploded back up. Airbnb, nice move today. 111.16 needs a new base for continuation from Friday's break. We're getting reports tomorrow. Not only does Airbnb report tomorrow. You got some big ones on tap, right? You got tomorrow. Let's see here. You got tomorrow. Today is not really a lot. Pinterest, you got ATVI. Tomorrow, you got AMD. You got PayPal. You got Starbucks, Uber, Gilead, Airbnb, Caterpillar, Occidental Petroleum, Sirepta. So you got some pretty decent names for tomorrow's session. But Airbnb, nice move here. 111.16 needs to build. I thought it could get to 1350. It got to 14. Nice move there. Amazon and Apple, we talked about this on the weekend update. Again, red to green moves on both of them were pretty strong. Amazon ran up about $2. And again, it doesn't sound like a lot, but keep this in mind. It's post splits. It's $2. It's like the equivalent of 40. So again, it's so liquid right now. You can take some pretty good liquidity on there as well. Apple did the same thing, both to the upside. Square, 76.44 needs to build. Again, we covered that on the weekend video, I believe. If not, I apologize. But anyway, here's a 76.44 traded all the way up to 79. Listen, this thing gets above 79 and starts building. I think it has more upside. Snow, again, another one. 150 needs to build on snow. Here was snow. Again, you had a lot of really strong movers in the morning. Here's the 150. Went to almost 154. I got to check what earnings are. Again, take on the way up. On Amazon, take on the way up. 137.40 is supply traded to like 38.39. Square, 78.30 supply. Went to 79. Snow, 152 on deck. Went almost 154. And that's about it. So that's it. That's it. Listen, not every single day you need this massive, massive game plan. Sometimes you need, it's like a bottle of wine. You ever hear that expression? You kind of need to have the wine breathe. You need the market to breathe a little bit. Listen, is it possible we continue this move to the outside? Yeah, of course it's possible. Again, the longer we stay above the 50-day moving average, the higher probability every single day we'll go higher. And the probability of more shorts will get trapped into weakness. But again, at the same time, I'm not naive. I understand that number one, gravity is real. And the last thing you want to do is keep on pushing and pushing and pushing. And next thing they know, they take out the bids and you're sitting on your tush and trying to figure out what the license plate of the truck that just hit you. So that's it. That's kind of the game plan going into tomorrow. We're watching Tesla. There's two sides that I'm watching. But I want to see if it could kind of gas out tomorrow and put in a lower high. Just again, just for a trade to the downside. Again, it doesn't necessarily even have to be for tomorrow. But again, at some point, gravity does kick in and a backside move does come. We'll see if we could pay attention to it and see if we could identify a channel back to the downside. So that's it, guys. Have a great, great, great evening tomorrow, guys. Have a great trading session tomorrow. I'll see you in tomorrow's video. And with God's help, we'll all be there together. Take care, guys. Have a great, great night.