 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 the AccessToTrader.com Nightly Wrap-Up Show. Hope everybody is doing well. Hope everybody had a good trading day. I've been battling this sore throat literally all day. I'm finally starting to feel a little bit better all day. I felt like razor blades were in my throat, but I did the whole honey, I did the whole tea, the lemon, all that good stuff. So hopefully I'll be 100% better. So if you are a brand new to the channel, please like, share, support all that good stuff that comes along with our journey here. Again, we try to implement a no bias free zone, only the facts, man, like Dragonant, right? I'm dating myself, but Dragonant said back in the days. So I want to start a little bit different today. Okay, do you guys remember, I think it was like five, seven or more, I hadn't even won that. Close to about 10 years ago, Chrysler came out of a car, and I believe it was called the Chrysler 300. You guys remember that? It looked from far away, like really, really far away. But if you looked like you stopped at a light and you looked at two blocks, it kind of looked like a Bentley flying spur. Remember because of the grill? And until it got really, really closer, you couldn't, you know, you say this, wow, I can't believe that this thing actually looks like the Bentley flying spur. And then as you realize when it got closer and you put the Chrysler 300 versus the Bentley flying spur, flying spur, you kind of realize, well, it's a little bit different. And that's kind of how the market is, right? That's kind of how the market is right now. I think the comparison between, again, by the way, nothing against the Chrysler 300 is what I kind of show the comparison. And if you look at how the market is right now versus how we were in 2007, 2008, 2009, I just want to give you a quick kind of reflection. Keep this in mind. The Q's were at $55 at the middle of 2007. They got cut in half, literally cut in half for the next two years. That was a lot of damage. A lot of damage. People lost their homes. People lost their jobs. A lot of people unfortunately lost their will to even live. That's how bad things got. The credit markets froze. You couldn't get a library card, let alone a credit card, okay? And it was absolutely touching go every single day because the biggest and most prestigious institutions in the world closed down. You had Bear Stearns closing down. You have Merrill closing down. If it wasn't for Bank of America buying Merrill Inch, they would have been gone as well. Can you imagine the Merrill Inch bowl completely gone? And that's where we were. It was total hysteria, total panic. People didn't know exactly what was going to happen next. And we were literally day to day living our lives. Let's fast forward, right? Let's fast forward to where we are present day. And here's where we are. So we are in 2023. This latest financial crisis, okay, has lasted a total of nine days. Again, I get it. I get it. It's still going on. But it's lasted nine days. Out of those nine days, the last five days, well actually six days, have been a tremendous rally off the lows on the NASDAQ 100, right? Absolutely huge rally in technology. And again, whether the reasoning is a potential rate cut. We'll get to that in a second. I don't think that's going to happen. A potential rate cut or whatever the case may be, flight to safety. But the moral of the story is nothing says panic, financial crisis and turmoil is your money safe, right? As the QQQs only a dollar and a half away from the 2023 highs, okay? That is a major, major difference, guys. You could not compare the 2007 market crisis to kind of what we are now. And again, no offense. If anybody owns a car, it's like comparing the Chrysler 300 to a Bentley Flying Spur. It's just completely different things. They might look the same, right? They might even sound the same. They might even have a little bit of resemblance to each other. But it's a completely different animal. It's a completely different car and we're in a completely different market. Because again, if this was 2007, I can guarantee you nobody would be talking about the word breakout, longs, or anything to do with speculation. Money, we were basically hanging on to our lives, hoping that God that our livelihood wasn't going to get frozen during that time. And hopefully every single day was going to be a complete gift. Because every single day that the total market capitulation didn't happen, the next possible day could actually be a little bit of breathable. And eventually the 2009 saw a generational bottom. So the idea and the whole conversation, I believe, and again, we don't know what's going to happen in the future. We could be having this conversation a week from now and you go, well, that held up well, Dan. You're a little bit of an absolute. I'm well aware of that. But from where we are and where we started with this whole financial mess, it is really worlds apart. I think it's completely different. And all those fear movers, if you remember going back to two weeks ago, when I first made that video with SIVB, the first thing I said was everybody calm down, right? Everybody calm down. Everybody relaxed. Everybody relaxed. We don't know what this is. OK, maybe it gets worse. Maybe it doesn't. But let the market kind of dictate. Here we are nine days later and we're about to have a conversation of the bulls testing the February 2nd highs in the next day or so. So absolutely remarkable, remarkable resilient market. I feel like I've been saying that now every single day. The bulls have been going absolutely nuts. Every sell-off has been bought. Even the banks, like we talked about in the last night's video, completely stopped, right? They just completely stopped pressing lower. FRC is up 50% one day, down 50% the other day. That's all great, right? That's all great. That's all fine. That's all dandy. But the overall market, again, is isolating all those individual banks, those mid-tier, smaller-tier banks into their own little ecosystem. And the market is continuing to show incredible, just absolute incredible resilience going forward tomorrow, right? We have a big day where people sensationalize that big day in their heads. We have the March FOMC meeting, right? I think there's going to be a compromise, right? I don't think for a second, well, I don't think, but then again, I'm more on it, right? But I don't think there will be a rate cut tomorrow, okay? I think what's going to happen is a lot of people speculating there will be. I don't think so. If I'm wrong, I'm wrong. Again, I'm more on it, right? But the point is, I don't think there's going to be a rate cut tomorrow, just because I think the market, because it's stabilized, I think because of the government that a pretty good job kind of stabilizing the collateral damage, I think the market will probably have leaving rates unchanged, right? They're not going to raise them because they don't want to put any additional pressure on these smaller mid-tier banks. And I don't think they're going to cut them because the market has been so resilient that we're starting to go back. So I do believe if I'm a betting man and I'm not going to go into my head, I think tomorrow they're either going to leave rates unchanged, okay? And have language of, you know, let's play it by ear. We'll see how it is by the next Fed meeting. Or if they are going to raise, it's only going to be by 25 basis points. But again, a punch is shot. I think they do leave rates unchanged. If they do cut rates, I will be surprised. I will not be shocked. There's nothing shocks me anymore. But I definitely will be surprised. So again, I don't know what's going to happen tomorrow. But again, from what I'm seeing and how the market is reacting, I think the compromise will be leaving rates unchanged for at least one more month until the next, until the April Fed meeting. We'll see about that. Other than that, the market continues to take the body blow. No matter what we gap up, we go back down. We reclaim, we go back up. We sit around. We go back up. They try to fake it down. They squeeze, you know, they trap shorts. They go back up. And if you look at all that, you know, if you look at all the areas, you know, and again, I try to give, I try to give all the traders who kind of a thank you for watching these videos. I try to give you guys levels every single day on the queues, right? If you guys remember five days ago that 294, 40s level got confirmed, that 298, 299 level got confirmed, right? The 209, the 309 level we talked about last night, right? Got confirmed. We closed at 3010 and changed. So now the big level coming up macro-wise, and again, we don't know what the Fed's going to say, is going to be this 313, 68 level, right? That is the highs from February the 2nd. And if you look at a lot of charts tonight that had really big runs, you'll notice their highs, their channel highs since the 5th, September have been on that September, it's been the February 2nd and February 3rd highs. And that's why it's correlating to a lot of charts, especially on the QQQ. So right down this level, guys, you got 1368, which is the macro channel from Feb 2nd. Also the bulls obviously tomorrow, to get to that 1368 level, I think the bull is going to need to reclaim this 311 area and start building above. The last thing the bulls want to do is lose the bottom of the channel here, which is 305. You can see it's the rising orange line. That's the five-day moving average. Again, for what you guys have been with me for a long time, you know the significance of the five-day. It's the shortest-term sentiment. And if you haven't been with me, you could clearly see why this five-day is super important, this orange line, because every single time it comes down to this level, right? It balances. It came down to this level, it balances. It came down to this level, it balances. So the bulls are going to have to defend in case there's some bad news tomorrow, this 305 level on the close, and the bearers are going to need to defend this 311 because the bulls seize control out of 311. We're going to start going higher and test that Feb 2nd high of 1368. So we are set up for tomorrow. As far as individual stocks, Apple, we talked about this last night. Again, perfect, perfect close. This is the highest formation. They ripped it at the open today. They took it red. They held the bottom of the range here on the 60-minute view, right? I'm sorry for these wicks, but e-signals goes crazy with these wicks. They trapped shorts on the bottom of the 60-minute range and the stock closed right at 2023 highs. You know, they're coming for the 160, they're coming for the 162.50 weekly calls, pretty much nonstop here the whole morning. So this thing looks higher for tomorrow. Tesla, right? Tesla finally, finally woke up, right? Finally woke up. There wasn't a down tick. When I'm telling you, there wasn't a down tick on Tesla pretty much the whole day on this rising, you know, rising 60-minute support. It's the truth. It just, it did absolutely, did not down tick. Literally the whole day, buyers were coming in all day, all day for the 200-week weeks, for the 205 weeks, for next week's 215 calls. So if they could start reclaiming today's channel for tomorrow, you know, you're looking at 201, followed by 205, which is going to be this 150-day moving average so Tesla looks really, really good. Let's see what else I want to talk about. Let's see what else I want to talk about for tomorrow. Give me one second. Oh, Amazon. Amazon looks really great. If you guys remember last time we talked about Amazon, Amazon reclaimed the 50-day moving average, we talked about this 9650s. It had this phenomenal, phenomenal move into supply on the 316 highs. Look how close this thing is to taking down this whole channel here. Watch Amazon. They started coming for the 101 weekly calls. Yesterday they were coming for the 102s, 103s. So if this announcement, if this FOMC is good and the bulls start ramming, watch the top of the channel here because if Amazon starts going, there is room all the way up to the 150-day moving average of 104. NVIDIA had its investors meeting today. Just like all investors meeting, they shoot it out of the cannon. They bring it down to red. They shoot it right back up. And you can see here now, back-to-back times, NVIDIA got rejected at the top of the range here, 364. NVIDIA starts building above this 364. Maybe this thing starts its next leg up as well. And that's it. I mean, you could pretty much look at every tech stock. Roku looks good. TTD looks good, right? You know, all these things look really, really good. Again, if you go through the NASDAQ 100 charts, you'll see there's a lot of really great setups that are coming in for tomorrow's session. The question is, what is the Fed going to say? What is the language? What's going to be the kind of the forward guidance going into the April meeting? Again, my gut feeling is we're either going to have rates left unchanged or a small 25 basis point cut, kind of a compromise to what we're seeing right now with our present reality. So that's it, guys. Everybody have a great day, everybody. God bless you all, everybody again. Just stay calm. Stay rational. You know, the markets go up, the markets go down. Have a course of action. Have a process that you can believe in, that you can rely on. So you're trading price action and data instead of opinion and fear-mongering, right? Guys, God bless. Hope everybody's doing well, and I'll see you all tomorrow. Take care.