 AMD, I think, needs to be bought on all dips, monster to monster breakout today. Above this 95-41, we saw 100 weeklies. We saw 105 weeklies. We saw... 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, give me your buddy. Welcome to another edition of the AccessToTrader.com Nightly Wrap-Up Show. Hope everybody is doing well. Another day, more earnings, another day, another basketball game. So again, dad life calls. So after I'm done with this update, I am off to the next game. So hopefully everybody had a good day. So let's backtrack to yesterday, right? Very, very aggressive sell-off and a lot of technology names. Not surprising because of when it happened. It was actually more surprising that it happened hours prior to major earnings. And if you guys remember last night, you had a lot of really good earnings announcements coming out, or actually a lot of big ones coming out. You had Microsoft that initially sold off and then rallied. You had Google that had a pretty impressive quarter, you know, really, really exploded. Gave back some games, paired some off, but had a really, really solid quarter. You had AMD come out. Really, really monster move, broke out today. What's impressive about the AMD earnings call was, if you guys remember, Intel missed. Texas Instruments missed. So the fact that another semiconductor with the whole chip mess, right? The fact that they had a really, really good quarter really made it shine out. So when you look at Qualcomm tonight, they had a pretty good quarter as well. And you can see here, a nice pop here afternoon. So what's good for the goose is not necessarily good for the gander when it comes into the chip space. And it's gonna be very, very kind of important to see what Nvidia does. Now I'm still waiting really patiently for this kind of run back on the video shares. And so far they've come close, but not so far, right? Not so far. They haven't really confirmed yet. And I'm kind of watching this channel here for the next couple of days. Getting to that area very, very close. And as soon as it comes up there, it kind of gets pulled down as well. So maybe Qualcomm and continuation of move from AMD for tomorrow's session maybe gets Nvidia finally going. But the key to this session that we had, I wanted to see what happened next. If you guys remember what my thoughts were from last night, I felt like the volatility that was gonna happen at the open was gonna be very, very aggressive. And the last thing I wanted to do was kind of guess, I wanted to see what the market had installed just to give us an idea of what happens next. Because it easily had a big gap up and run after yesterday's recovery on the Qs, or we could have kind of opened up, got stuffed, went lower and kind of faded the whole day back to yesterday's low. And that's kind of how the day played out. You had a gap up on the Qs, right? You had a gap up on the Qs initially. And then they sold everything, like literally sold. They sold shop, shop had really good earnings. And that's what Lisa looked like, right? Shop had good earnings, they gapped up shop, they traded to all into 1610. And then they absolutely destroyed it. Microsoft yesterday had an initial reaction of sell, sell, sell. And then you had a big reversal on Microsoft, buy, buy, buy. And this morning was trading like 91 80s. And then they sold off Microsoft. But at the same time, a lot of names got going. Like the Alibaba's of the world grinded higher. Again, that China trade is too hard, guys. I keep on getting those questions. Well, what about Alibaba? What about FUTU? What about, but they're too hard, man. Every single move in these stocks, it feels like some sort of China news on the table. Guys, stay away from these things. They're just really hard. The stock looks great. And then it goes down 10 points. The stock looks awful at rallies 15. I think there's just much more smoother and seamless plays out there than sit there breaking your head about Alibaba. Just look at the stock over the last couple of weeks, right? And at this major run up on the 22nd, and then it gaps down, and then it gaps down, only to spike up, to gap down, to gap down. And then all of a sudden, we had this monster $10 rally today. So these things are too unpredictable. They're too hard. Again, guys, we're not looking for the sexy play. I don't want the exciting play. I don't want the play that's going to make my heart, just beat 3,000 times a second. We don't want that. We want boring. We want lethargic. We want channels to confirm they're going to be there with discretionary money flow coming in, especially on the options market. When you get a name like this, your guess is as good as mine, what's going to happen tomorrow. It's going to go opposite of that. I have no idea. So I'm kind of staying away from these things. I don't want any exposure. You're literally one headline away from going the wrong direction in your position. And again, guys, we want the clearest path to the end zone. Tomorrow you have Amazon, right? You have Amazon coming out tomorrow. Look, does anybody think that Amazon is going to have a horrible quarter? Probably not, right? If you're like me, you're ordering the most random crap in the world on a weekly basis. It could be toothpaste, right? Nobody's looking on a weekly purchases of yachts, okay? Toothpaste, toilet paper. If you're like me, you've been using Amazon nonstop, three, four times a week deliveries, toilet paper, loosely paper, pens, anything in sight. So I don't think anybody is going to turn around and say, well, Amazon's going to miss their quarter, right? The question is, how is the market going to react to Amazon? If you look at Facebook tonight, you had Snap that had great earnings. You had Twitter that had great earnings. You had Google that had great earnings. And you turn around and say, wow, wow, wow, wow, wow. This customer acquisition clicked, blah, blah, blah, blah. Everything's going to be great. Yada, yada, yada, yada. Next thing you know, Facebook tanks after the close. But so don't think for a second that how good a company is, is going to be translated into their earnings report. We just don't know. It's a crapshoot. Gone to my head 10 years from now. Is Amazon higher than where it is now? Yeah, I think so, right? But again, that's the whole point. We don't know what's going to happen tomorrow. We know the company's great. We know they make a lot of money. They know they're taking over the universe. Yada, yada, yada. This is not going to be down 5% tomorrow. We don't know. Or this is not going to be up 5% tomorrow. So again, we're trying to stay away. But what we are seeing though, is the continuation of a really good market structure. Again, the names that are moving higher, we want to stay away from three, four, five, eight days in a row. Again, constant reminder guys, any pull in a tape, those are the names again pulled first. What we want to continue to move on or continue to concentrate on are names that are coming out of channels. And before I go to the game, obviously again, I am bullish into tomorrow. There's no reason not to be bullish. Again, cautious, always cautious, right? I'm never naive to think at any given point they can't pull the market. Because again, we've seen it happen time and time again. But again, I want to concentrate on the right side of the market with momentum, with order flow, with speculation money. And right now that's on the bullish side of the market. I think the real market will start outside of earning season. So I think the next week and a half, two weeks when everybody reports and we kind of digest the overall grade for the earning season technology, I think that's when you can turn around and say, well, let me give a kind of a more thought to what's going to happen on a later move. And again, you still have Amazon tomorrow. You have Tullo tomorrow. We're still waiting for at some point next week. You got Square. You got Roku. So you still got plenty of names, right? Boeing came out at a really, at least I looked like a really good quarter, had to move all the way to the 50 day moving average. So there's still a lot of names that are doing very, very well. It does appear that COVID is still being discounted on a lot of these earnings. They're almost kind of getting a mulligan. They continue to get a mulligan into like the second, because the second wave of COVID or with this whole Delta scenario. So I think the market overall is healthy. I think the market overall has really good structure, but I also do believe that anything is overextended. You kind of want to brush aside. So let me give you guys some ideas before I have to go, I have to go before tomorrow, before another, another, what the hell am I gonna say? I think I have basketball today. So let me give you guys some ideas for names that I do like going into tomorrow. Let me give you some ideas. AMD, I think needs to be bought on all dips. Monster, monster breakout today. Above this 95-41, we saw 100 weeklies. We saw 105 weeklies. We saw extended going through next week. Bet's pretty good and aggressive option flow. What you want to see ideally is a week open into rising support. Shorts get trapped under that rising support and potentially go red to green in a day. Does it automatically mean it's gonna have a day to run? No, it doesn't automatically mean it could actually rest tomorrow, but the pure play, the value play for AMD tomorrow is a trap on rising support, possibly going red to green and trying to get a move to test today's channel. I kind of like this Fubu, Fubu, Fulbo, whatever the hell it's called, right? Looks pretty good. Again, for all you guys that are training non-Beta, the top of this channel here is 28. Today's high is 27.97. I think if this thing starts confirming above 28, you have room all the way to 30 to the 50-day moving average. This one looks pretty good. I like Letter U as well. Nice looking chart here. I believe that IBD, the reason why I was so strong today, I believe that IBD put them on their swing list. I could be wrong, please double check. But if this thing starts confirming today's channel, why can't this thing go back to the 50-day moving average into the supply right here? Looks pretty good as well. MRNA continues to be just an absolute monster. Watch this 60-minute range here. If this thing confirms this whole 60-minute range, hell, you might have a shot back at 52 high, so let's keep an eye on that as well. So again, guys, hope everybody is doing well. Again, every single day, you really need to put in the research to kind of anticipate what the next day is gonna be. Yesterday, I anticipated a pretty aggressive wild session. I kind of wanted to start my day at 10 o'clock. Today, I'm looking at my research. I see a lot of value for tomorrow. A lot of really good setups, stocks that are coming out of the ranges. And I think tomorrow, if we can get a nice orderly session, we should get some really good explosive moves, potentially, if these channels confirm. Guys, have a great night. God bless, love you all, and I'll see you all tomorrow.