 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 to be here, everybody. Welcome to another edition of theaccessitrader.com nightly wrap up show. Hope everybody had a good day of trading. Hope everybody stayed out of trouble. Wild times in the market for a market that's kind of going sideways. Very wild market. We'll get to that in a second. If you are new to the channel, please like, subscribe, and share. We'd love to for you to come aboard full time as a viewer to kind of go on this journey with us for an unbiased look at the market. So big story today after the close. We'll get to everything else in a second was Apple. Where is Apple? Apple came out with earnings. It looks like here earnings $1.52 versus $143, about a little less than $95 billion in revenues versus $93 expected. Revenues were down a little more than 2.5% a year over year against the second straight quarter of lower growth. And you could see the initial reaction was a jump in the shares. They let a lot of their revenues with successful sales of iPhones. Again, what a struggling economy that we are having and people complaining. This time the third of me for them to still do really, really well for 12, 13, 14 hundred dollar iPhones is pretty remarkable. Like, granted, I understand they do have plans that you could pay like 25, 30, 40 bucks a month for these phones. And it pretty much everybody can afford them. But it's still pretty remarkable that 12, 13, 14 hundred dollar phone is still the driving force behind their business. Right now the stock is basically up a buck after the close. We'll see what happens on the conference call. I still like these levels here. Look, I think these two levels here initially got rejected at the top of the range as soon as the numbers came out here. The fact that it's not rallying. And again, by the time you watch this broadcast, maybe the stock is rallying. Or again, I'm recording this at 4.57 p.m. By the time some of you guys watch this broadcast, it will be 7, 8, 9, 10 o'clock at night. So the stock could be anywhere. But if it doesn't rally tonight, guys, watch the bottom of the range here. Because if it loses the 20-day moving average, especially if not even today but for tomorrow, if it loses the 20-day moving average, it could start getting hit all the way down to the 160 level. And the same thing to the upside. If it starts getting above like this 171 level, if the conference call is good, maybe the stock starts driving and it starts pulling everything up with it. Other names making a play today. AMD after a day that just to give you an idea how wild this day is. After a day of coming out with pretty crappy earnings. If you guys were on the last night in the video, I was watching for a downside confirmation. Never took out the previous day's law, which is very, very odd considering it missed on earnings. And we understand why. In the middle of the day, they came out with news that they are teaming up with Microsoft, right? For another like AI project. Again, use the word AI. You know, for all the kids out there, you want to get your stock notice and stock moving. Use the word AI. That's a hot round. Again, there's a whole love triangle. And Nvidia, Apple, see the Nvidia, Microsoft, Google, and now AMD. AMD had this massive, massive spike in today. At the same time, Nvidia had a really ugly move in today. And again, it didn't look doesn't look ugly, but it really went from 78 all the way down to 72 to kind of recover. So a lot of stuff going on there. More mess messing is going on in the banking sector. WAL. There was a chatter this morning. I think it was the Financial Times that reported that they were, you know, considering maybe a sale or strategic alternatives. Well, why is that a big deal? Only 48 hours, 12 hours later to a 12 hour early, a patent W said exactly the same thing. And the stock lost 50%. So the idea that WAL, the chatter was that they were going to put themselves up for sale. Again, it was like waving, you know, waving the white flag. And the stock literally went from 23 all the way down to 11. And then the company came out. They refuted the story. Stock made a little bit of recovery. A lot of crazy stuff. FHN, FHN, another, you know, just you could see all the bodies hit the floor. And this is why this market is so damn aggressive without a macro move in either direction. FHN apparently terminated their plans to merge with TD. This stock got hit as well. You constantly seeing a lot of names continuously getting hit. Schwab, I saw a lot of puts, a lot of puts coming in, short term expiration. They were coming in for the May and the June of 42 and a half, 40s. Something to watch in the next couple of days. I don't think it's going to be imminent because the stock rally today. But, you know, we definitely want to keep an eye below the 313 lows here. That's how every one of these stocks, when they start losing the bottom of the channel here, that's when the stocks really get hit. On good news front today, at Coin, come out with pretty good numbers, right? Stock is spiking after the close. Lift today, we were talking about this all day in the webinar. They were coming for the tens, the weekly tens, the nine and a halfs. Stock is getting hit here after hours. Shopify came out with pretty good earnings this morning. Pretty strong trend day the whole day. So you're getting a mixed bag from good, some bad, some ugly. But if you look at the numbers, and this is kind of where it kind of threw me for a loop a little bit. Like I knew the NASDAQ was strong. Again, I don't follow the Dow that strongly because it's only 30 stocks versus the NASDAQ that's 100 versus the S&P that's 500. But I looked at some, you know, I definitely, definitely, as we were speaking right now, Apple is starting to rally here a little bit. So I want to see kind of what's going on there a little bit later. But, you know, I looked at the numbers and, you know, because if you look what happened today, the Dow was down 300 points, the Dow went red for the year, right? Which is very, very peculiar considering if you look at the NASDAQ or the QQQs, they are still up 18%. So you can see in kind of what we've been talking about for a long, long time. There's no such thing as a stock market anymore. It's just a market full of stocks. And you can see the huge disconnect between the NASDAQ up 18% and the Dow, they just went red for the year. Excuse me. S&P still up 6% in the year. And the IWM, you know, you figure all these little small cap crap stocks are flying along in place. IWM is down 2% for the year. So there is a lot of disconnect in the market. The more important part of kind of where I'm sitting from the beta world. I see a lot of stocks, you know, it's very, very tough to turn around and say they're getting weaker. Because again, like I said, we're still up 18% for the year. But what we did is not rally, right? I think that's the most important point. They're not rallying. Even the days that are strong, you're getting two days kind of lackluster. And again, you could turn around and say, well, you can make a case after a big move. They're just resting. Maybe they do, maybe they don't. Like look at Microsoft, for example, right? Microsoft, you know, Microsoft had a really great move on earnings. And it's kind of going sideways. And that's kind of the point. It's kind of going sideways, not really going up, not really going down. I've been watching for a pit. Today marks day three. For all you guys who've been watching this broadcast and following me for years and years and years, you kind of know Tesla's my favorite stock. The same chart as we're seeing with Microsoft, right? Like going flat for like five days. This is now day three. I have not traded Tesla now in three days. Look at this flag. You could turn around and say this is a bull flag. You could turn around and say a bear flag. You could turn around saying it's a flag of some third world country. I don't know what this is anymore, right? But the point is eventually something has to give. The same way something has to give on Microsoft. Something has to give on Tesla. Eventually this thing's going to fall. We saw a lot of put buying in the name. Not a lot of call buying, but the stock still doesn't want to break the bottom of the range. Something to be washed. Amazon, another name, right? It's just kind of going sideways. There's days that the market opens up strong. Then it kind of backs away. Then the stock comes down, starts rallying back into supply. Again, it's just kind of stuck here. Meta that had a great run into earnings. It's kind of getting a little bit of a rollover effect. Something that we have to watch for tomorrow. It held the bottom of the range here below the five-day moving average a couple of days in a row. Look, if this is a scenario day three that they do pull the plug and Apple does sell off on earnings, then maybe we could start maybe looking at Meta to the downside. Maybe, we'll see. Again, we always like to be prepared from both sides. Yesterday we talked about spies that had held twice below this 407 level. Well, they lost the 407 level. They did hold the bottom of the range here. Hence, a lot of names started pushing back. The cues we talked about last night, the bulls needed to defend that 16 level. Guess where the market closed? Right at 16. There's a lot of stuff going on, but there's not a lot of stuff going at the same time. If you are, for example, a technology beta trader, that's what I am. I trade the same stocks basically every day. When they're sitting in a channel like really, really tight, mine ends the time behind my back. It's very, very tough to start, very, very easy to start looking at other things to trade. Right? We had a really great move on key. Congratulations for all you guys who came in short key and age band. We talked about it last night for some of you guys had packed W runners. Phenom, right? Absolutely phenomenal. There's nothing wrong there. But as far as the meat and potatoes, date trade, let's come out of a channel of guns blazing with option flow. The market is just crickest. Again, does Apple take the market out of the channel? Now the market, now Apple's going down. Right? That's kind of where you can see. It's what basically Apple is doing right now and how we're describing what's going on is basically what the market is doing. It's just no flow right now for a couple of days. But the point is, you're not supposed to judge yourself on the basis of a day to day situation. When the market goes, you want everything to go in one direction. You can't have something strong, something's weak. You need everything that, you know, if you've been watching this broadcast for a while, this is kind of known as the Christmas tree effect. Some stocks are green, some stocks are red. We don't want that. We either want them all green or all red. That's when the disconnect starts connecting again and things are starting to move more seamlessly. Tomorrow, no big earnings. Sorry, I'm sorry, AMC. I don't want to offend anybody. AMC reports tomorrow. But, you know, all the big technology needs for this week are finally done. We obviously want to watch levels for the indexes tomorrow. Guys, watch this 50-day moving average. This is going to be a big, big deal here. You know, the area here, you know, this 403 level, right? This 403 level needs to be defended, right? That's the 50-day moving average on the Qs. Any close tomorrow below the 50-day moving average, again, if you guys know, this is the 50-day moving average, right? Just watch this light blue line. Any close below starts getting the market lower. So this 403 is going to be a very, very important level for the bulls tomorrow to defend. Because if they don't, again, whoever has control of the 50-day moving average is going to control a very, very healthy portion of what happens next for the QQQs. Again, we have to watch this 315 level. So in other words, if Apple gives up earnings and starts getting hit, if the Qs lose 315, right? You see the low here? The March 27 low is 315. Today's low is 315. Can anybody guess where the downside pivot is? Drum roll, please. Right? 315. So 315 lining the sand. And if everything gets pulled, you have room all the way down to 311 and then 309. So hopefully one way or another, if you guys remember when Microsoft and Meta came out with earnings, it pulled the market up. We had a great rally. But if Apple starts dragging down the market and starts losing today's ranges and in the macro range, we are going to have some aggressive pulls as well. So guys, have a great night. Usually I don't do a Thursday night update, but since I didn't do one on Tuesday, I had some errands to run. I kind of substituted for that. So hopefully everybody's doing well. Remember guys, especially in new traders, you don't need to trade every single day. You don't need to trade every single second. Remember, every stock is moving. This is the stock market, right? The market's open, so every stock is going to move. But just keep in mind, not everything is tradable. Guys, have a great night, everybody. God bless and I'll see you all tomorrow. Take care.