 So we're set up tomorrow a lot of good value, a lot of premium value, especially in beta, especially in technology. 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, good evening everybody. Welcome to another edition of the Access a Trader.com. We can up the show. Hope everybody is doing well. We can up the show. Today is Wednesday. Okay, this is how tired I am. Today's Wednesday. Hope everybody's doing well. Freudian slip, hope everybody's having a good trading day. So let's talk about the market. Obviously, as you can see or anybody can see has been active participant in the market or even passive investor in the market. You can see how strong the market continues to be, bad news is good news, good news is good news. Great news is greater news. And the Fed officially for the 38th consecutive Fed meeting just reiterated that the economy is strong enough to slowly but surely start taking off the training wheels and stop slowly but surely buying that aggressive amount of mortgage backed securities that's been doing for a long, long time. Now again, we've been hearing this for a long, long time but they really, really mean it this time. Again, as everybody knows, the global economy has not recovered yet from the pandemic. The fact that they believe that the economy is even in its infancy stages to kind of start taking off the training wheels is incredible but again, we'll take their word for it for the 39th consecutive time in the Fed meeting that tapering will start soon, right? Really, really soon. Other than that, technology continues to be strong. Earnings for the most part have continued to be strong. The one curveball that got thrown today was Roku. They announced after the close, we'll get the individual pivots in a second. It took out the lower Bollinger Band and on earnings got pretty, pretty aggressively hit. On the other side of the spectrum is the Teflon stock of the R generation. Tesla, it cannot do any wrong no matter what it does, right? They try to sell it off yesterday, they bounce it. They try to sell it off today on the bottom range, they bounce it, they shot euphoria and it's tush and it took out the previous days high, traded open to the 1230s, came back down. Successfully tested the 1203 level after hours and now it's pretty much back to flat on the day. You got semiconductors continue to go crazy. You got Amazon woke up today with some pretty aggressive call buying towards the end of the day. You can see this really, really big move that's opening up to one more day potentially getting above a pretty decent supply zone to start taking it higher. You got Apple completely reclaimed all earnings levels. Nobody even remembers that the stock missed their earnings and even names like Cisco, which I really, really like old world names that are continuing to kind of get out of channels and tomorrow if it confirms it'll start as high. So again, we are really, really set up for the end of the year. We've been talking about this pretty much every single day, every dip above the 50 day moving average needs to be bought and it is being bought on every single level whether institutional level, micro investor level, macro investor level, whatever the case may be and the narrative hasn't changed. You see speculation money all over the place. You see stocks that were not memes turn into memes. You got people chasing stocks all over the place. You got good news seems to be embraced better than ever at all time highs. And now the question is how long can the market rally? Let's really not even dive into that area right now. Let's just enjoy it, right? Let's just definitely enjoy it. The market is obviously very, very bullish. Like I've been saying for the last three, four broadcasts we have very, very good and aggressive continuation on retracement. You get continuation, money flow in every group in technology, in financials, you got Goldman Sachs breaking out. Look how strong some of these banks are acting really, really well. So you have all the dynamics set up for a fourth quarter rally and until we start getting really aggressive evidence that there is a buyer strike, there's technical damage that's about to be kind of incorporated into the market. Again, you have to give the market the bulls to benefit it out. Every dip needs to be bought. Every short continues to get trapped on their 60 minutes support. And the moral of the story is this is a rinse, repeat cycle. The only question is how much value can you get every single day? If you look at today's session before the Fed came out, again, there was a lot of teetering, right? There's a lot of names that were continuing to kind of relax a little bit. You had Tesla relaxing today before the Fed. You had names like Apple and names like coin bill before the Fed, TDOC strong the whole day. And you had a lot of names kind of teetering and once the Fed news is kind of out of the way, resumption of strength must close green, must close at all time highs and must spill over to the next trading session. Now the key again, and this is a constant nightly reminder, the key again every single day is not chase the names into strength, right? Again, the breakout on Tesla was 715. The breakout continuation on Tesla was 807. The continuation, continuation of all time highs was 900. The value continues to be in dips and you can see this every single day. Yes, are you getting the rocket launchers after two, three o'clock? Absolutely, but shorts continue to get trapped and that is kind of the game plan, the blueprint of what's happening these shorts and getting run over every single day. And again, our job is to find the stocks that are coming off the bottom of the channels. Again, a lot of times you could turn around and play devil's advocate with technical analysis. You could play devil's advocate of what do you think is gonna happen if this situation arises? Again, all we're doing is just again, really just riding on the magic carpet like everybody else on Wall Street is and hopefully it continues as long as possible but we have to be fiscally responsible every single day on any new entry, on any single scenario that we are looking at because again, we will get pulled if you are chasing anything sky high in the nose bleed section. Remember, the least amount of damage is jumping from the first floor. The highest amount of damage in severed heads and broken body parts and broken bones are happening from the higher floor. So again, don't trade from the higher floors, be trading from the bottom levels and there's a lot of names that are looking really good tomorrow and tomorrow is setting up for a really aggressive premium session. Like I said, I love Cisco. If you could just start reclaiming this $58 level this thing could really wake up. You got Zoom, really good consolidation. Remember, this is a bottom channel. We're not chasing Zoom up here or up there. I'm watching Zoom down here. If you could just take out this whole macro channel this thing can wake up. Look at TDOC, same kind of group as Zoom, the stay at home names, right? The whole pharmacy online. Look at the channel that it's one day away from reclaiming, really good channel. Again, it's coming from the bottom. It's not coming from the top. That looks really good. Amazon, look at Amazon. They came out with earnings. They missed their consecutive quarter. Today's candle engulfed three days worth of selling including the earnings missed. If they could start reclaiming today's channels tomorrow maybe we could start pushing higher. We saw 3,400 weeklies. We saw 3,700 monthlys come in today. There was a really good aggressive buying coming in on Amazon, hopefully that spills over. A name like QS that's been going absolutely out of its mind. This is another name you want to buy on Dips. They came to the 32 weeklies. They started coming for the 35s. I believe if this thing starts going down in the morning on light volume, perfect candidate to buy into rising support for a push red to green ultimately into this $33 rest area is for a supply. So we're set up tomorrow, a lot of good value, a lot of premium value, especially in beta, especially in technology. And if everything confirms that everything works out the way we plan, we should have a pretty good session fingers crossed. Let's talk about today's pivots, right? Let's talk about today's pivots. Fogel, I really liked this channel. It didn't do what I thought was gonna do. Fubu 34 needs to build, not a big move at all. Not a big move at all here. Took out the 34, went to like 3450s and stuff. Nothing big here. I still like this channel. This is still the highest close in this whole formation. But I figured if Fubu takes out this whole channel here or really should have an expanded move, it didn't do that today. Maybe we'll do that tomorrow, assuming if there's aggressive option flow. Speaking of option flow, AI, we talked about that. The previous session, 46 needs to build. They were coming literally one after another, the December $55 calls, one after another, after another and AI exploded. Alan Iverson did the crossover, right? On the shorts, took out this whole 46 level and it's traded all the way up to the $50 level. I still like it. I think this thing goes higher. Common denominator, stock is coming from the bottom ranges. That's the whole point. Any dip tomorrow into rising 60 minutes support. This is a great candidate to buy the dip on. Another name, AMAT. 141.60 needs to build. Really good looking, semi-conductor chart. It took out the 141.60, traded up to 43.30s. I still like it. If this thing confirms this 45 level, this thing potentially can have a really, really big run and it's future, but nice move there. TOST, put up like a $2 move. It opens below 66, valid area. Put up like a $2 candle and then it just gave everything back. Clack triggered and then never confirmed. BBBY did nothing of the sort. I was looking for a possible day to run on one of these mean plays, never happened. It sold off the whole day. Cisco, I really, really like. Workhorse, I still like, didn't confirm that level. Car, nice move on car for experienced traders. Only 307, if it builds below, can flush. This was yesterday's runaway train. Everybody was chasing it and blah, blah, blah, blah, blah. So it took out the 307 level, traded all the way down to the 288 level. It probably goes lower, but again, there's really not a lot of value there left. Let's see what we have here. AI going nuts here. Deck 55 calls going absolutely berserk. Givo, not a big move at all. Only went up like 810 cents. Nothing sold back off. Netflix, I like. It closed right at the top of the chain. It looked good. It still continues to look good. Oh yeah. Oh, I missed, I missed, I didn't miss it. Okay, let me reiterate what happened. When Tesla was selling off this morning, I want to show you guys, and this is how sometimes you overthink. I didn't miss it. I messed it up. So check this out. So you see this bottom channel here on the 60 minute. This is a bad tick, right? You see this bottom channel here, right? 1153, okay? There was 1153 remount and there was an 1150. Since the 1153 was so close to 1150, I said, you know what? Let me be safe and sorry. Let me not take the 1153 remount. Let me take the 1150. So what does it do? It trades down to 1152.60, and all it did was put up a $60 candle, right? This is sometimes when you overthink, overanalyze, try to get cute, yada, yada, yada. Yeah, I don't think I want to use the word I missed it. I messed it up. So again, I know a lot of you guys got it. Unfortunately, I wasn't one of them. Cisco, I really, really like. We bought the bottom dip there into the bottom range. I still think this thing needs to get above the 58 level for the next move up. Roku, again, here's the big move for all you guys who quad it, 303 big level. If it builds below, can flush. Roku got absolutely destroyed into earnings. And so we are set up for tomorrow. We are on a bull market. Don't overthink. Again, like me, don't get cute on a bottom bounce. If it comes, take it, goddammit, especially with Tesla. They're coming for the $2,000 calls. They're coming for calls all over the place. Don't overthink price action, what matters. Levels, the only thing you need to think about and trade with conviction. Guys, have a great night, everybody. God bless, and I'll see you all tomorrow.