 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, leading everybody. Welcome to another edition of the access to trader.com nightly wrap up show. Hope everybody is doing well. If you are brand new to the channel, like, subscribe, share, tell a friend, all unbiased commentary about the stock market based on a day to day basis, long side, short side, wherever the technical prowess leads us. That's exactly where we try to take advantage and see where we can get the best performance out of the tape. Listen, phenomenal market move today. Yeah, the highest close in the Nasdaq since April of 2022. You have cooler than expected inflation readings came in this morning on the CPI. You got another reading, I believe, tomorrow for the PPI. Obviously, you need two separate readings because so many things are drastically going to change from day to day. But it's here. It's here. It's part of our lives and economic data is everywhere in sight. So why not? Let's get another reading tomorrow. But what you saw today was a really aggressive move in a lot of names, not everything, right? Not everything, but you're still getting a lot of really great moves. The speculation money has been flowing in pretty aggressively. And you have the names that were weaker the last few days, finally waking up, right? We talked about Meta yesterday, waking up. Boy, oh boy, did it wake up. Name like Amazon, they were coming all day, all day aggressively today for the 132 weeklies. We saw some 135s. We saw some 140s in August. Something we definitely want to keep an eye on for tomorrow, right? Because again, depending on the reading of the PPI, you could get another move to the upside. Names like Tesla are not participating. We're trying to figure out why everything gapped up today on the number. And as you can see by this red candle, again, for all you guys who are brand new to Japanese candlesticks, when you have a red candle, that means the close was lower than the open. It's never a good thing considering how strong the market is. But hey, that could change out of done. That's what's crazy about the stock market. As you can see here, Tesla got rejected off the top of the range here off the five day moving average, which basically gives it a two way scenario going for tomorrow. I was just texting a couple of guys, you know, we could have a scenario that Tesla finally wakes up, reclaims the five day moving average and starts really, really going. I didn't really love that the lack of option flow that I didn't see in the name. Usually when you have a really strong market, you know, they'll be coming in for the 285s, 290s. Again, there was one notable bet. And the reason why I say this, it's a pretty good segue to the next symbol. There was one pretty good bet last Friday. If you guys remember, a guy came in in the afternoon, he bet $1.6 million for this week's expiration for the 28750 calls. You know, when you see a big bet like that, is there a chance they run up? There is a chance they run it up. And the reason why I bring that up is because in the video, right? This is kind of where I want to focus on today's video. Okay. If you guys remember, couple of weeks ago, they start when the stock was, you know, around 420, 425, they started coming for the 440 weeklies, right? 440 weeklies for this week, price action didn't move. As the stock started getting a little bit, you know, a little more steady, they started coming for the 450 weeklies, right? And that's where we kind of segue for today. Right off the word go today, 440, 450 weeklies coming into today. A lot of size. Matter of fact, I believe, I believe I tweeted it out. Let me see here. Yeah, here it is. I put this out here. Look at all the call buying that came in, especially for next week. We saw a whole slew of 450 calls coming in for this week, the 440s and 450s. But look at all the call buying. Look at the size. Now, this guy comes in for 300 grand plus nearly 600 grand for 150 grand. This guy came in for the 600 calls, a half a million dollars for the 600 calls for January. And this dude came in for 278,000 for the August $500 calls. Here's the key, right? Here's the key. If NVIDIA can just get above this range for tomorrow, right? If they could just get above this range for tomorrow, you could see some really aggressive fireworks. And that's the name of the game. If they could just get above this Bollinger Band, would all that option flow pouring in? And again, we always talk about the options market more chances than not, okay? Or it is going to drive the underlining equity. So if NVIDIA starts getting above this Bollinger Band tomorrow, right? Good things could happen here. But this is definitely one to watch for tomorrow. If there is a little bit of profit taking at the open, you have to use the rising support, man. Because if you can get this thing on the rising support and they trap shorts right at the bottom of the range and they get above the Bollinger Band, this thing could really, really take off. We've seen the scenario time and time again. So NVIDIA is definitely one to watch for tomorrow. Meta, again, another example of the option flow market. Again, we talked about two, three days ago that they were coming in for the 330, 340 weekly, excuse me, 340, 340 August, right? I think it was end of July, beginning of August. I mean, this thing finally cleared above the 300 level, this strongest close by far. And if you look at the weekly view on Meta, right? You could see you have a linear regression line around 316, 317. So again, just like NVIDIA that had a really aggressive strong close with option flow, Meta is another name. If we could get some profit taken tomorrow at the open, use that rising 16-minute support to try to get some stock. In a weird way, Meta is a much easier stock to buy off rising support than it is going into strength. Going into strength, there's a lot of hiccups up, down, up, down, and it finally goes. But the point is, this is definitely a name that's strong. You have any type of weakness as a buying opportunity to rising 16-minute support. And the key is, if it starts reclaiming today's channel tomorrow, then we have a weekly view of roughly 316, 317 for potential measure potential. So we're watching Tesla tomorrow on both sides of the market. We're watching obviously Meta, NVIDIA, right? Again, I came in with some lettering today. Everything gapped up. I sold the rest pre-market today. It just felt shy of the 52-week highs. Again, I want to watch it for the next couple of days as well. You have a name, for example, like First Solar. Watch First Solar. I love these channels when they're coming off the bottom. As you can see here, it reclaimed the 50-day moving average. If they could just get above this Bollinger Band, same thing kind of with that NVIDIA, maybe First Solar wakes up tomorrow. Keep an eye on names. Let me give you guys a couple of names before we get into today's pivots. Look at Amazon, right? Amazon, as you can see, for tomorrow, I have a whole list of beta, which basically means any time I have a whole list of beta, which basically means Tesla, NVIDIA, Netflix, Meta, Apple, Microsoft. When you have a list like that, your focus list like that, there's a high probability of an expansion day. And that's exactly what we have on top tomorrow. Watch Amazon. Again, the same thing, exactly the same thing for NVIDIA as First Solar. It just has to get above the Bollinger Band. If Amazon can just finally get above the Bollinger Band, it could start expanding as well. They were coming for the 32s, for the 132s, 134s, and 140s for next month. So something definitely watch on that as well. And a name like Marvel, right? Marvel, I wasn't able to trade today. We talked about Marvel last night in the video. It just gapped up and just kind of hit the Bollinger Band, right? You see the recurring theme. This is why it's important for stocks to get above the Bollinger Band. As you can see here, it got hit with the Bollinger Band and it kind of faded lower. Again, same thing with Marvel. If Marvel can start reclaiming the upper Bollinger Band, then this thing could rock and roll as well. So we're definitely, definitely set up for tomorrow. I'm going to definitely try to use any type of weakness as a potential entry on these things. Because again, the key is if emotional shorts, late shorts, get trapped on the rising 60-minute support, there's a good chance this thing goes green in a day and starts reclaiming either next day's channel. So let's see what happens. We're definitely, definitely set up for tomorrow. The only one that I'm watching on both sides is Tesla just because, well, it's got rejected off the top of the range here, but it held the bottom of range here. So something has to give eventually here. So I'm either watching the reclaim of the five-day or for to lose the 10-day moving average. But again, with Tesla, you know how Tesla trades. At any moment that looks weak, you turn around and take out the top of the range. And just when you think it's strong, like it looked like it was going to be strong this morning, it just turns around and has a lower close than the gap up open. So we'll see. We're definitely, definitely set up for tomorrow for a potential premium day. The key is don't guess, don't anticipate, don't try to outsmart the market. Let these levels confirm, right? You got plenty of time to get into these channels, but it's crucial. It's crucial that they reclaim supply and they go through supply with extreme prejudice. So let's talk about today's pivots. Let's talk about today's day and we will start with Rivian. So I was a little, you know, I didn't talk about Rivian on purpose for the last couple of days, but I've been watching this thing for a potential back test, right? So that basically means it was the same type of trade as Tesla. If you guys remember, Tesla had this big, big run up and I was waiting for the bot, you know, for it to lose a previous day's range. So Rivian lost the previous day's range. I shorted it. It only went down like 30 cents. That's it. This is how strong the stock is. It went only down 30 cents. I took a cup of coffee profit and I used break even as a stop. And as you can see, the stock just absolutely, absolutely just coiled up and just started going higher. Again, there will be a significant trade on the stock. I will be watching, especially this bottom channel here in the next two, three, maybe four days, maybe two, three, four weeks away. This stock is strong, but at least now we have a really good direct point of reference. And you can see the bottom two channels here for the future. Not for tomorrow, not for the next couple of days, but for the future. Now in the least, very, very confident about this bottom range here that has stopped twice now in the last three sessions. We'll definitely watch that as well. Tesla will be watching, never confirmed. Letter U, after I sold my runner up to and change, never confirmed. TTD, nice little move, nothing big. TTD 84, we talked about TTD last line in the video. TTD 84 needs to reclaim the pre-market highs. You know, stock traded to 85, but more or less it was up like 50 cents the majority of the day on NVIDIA. Yeah, so NVIDIA, and as you can see, NVIDIA and Meta, these are the two big out of control runners. So NVIDIA 3214 needs to build. NVIDIA here it is, 3214 needs to build to confirm this little channel here. This is the highest close in this whole formation, guys. I'm telling you, all it needs to do is get through this upper Bollinger Band, and this thing will absolutely explode. So big, big rock star here for the day. Then you have Meta, 303.27 needs to confirm. Here is Meta again, same thing as NVIDIA. Finally, as you can see here, finally got through the Bollinger Band today and closed at the highs in the 309s. Really, really strong looking chart there as well. And I believe that is it, right? I believe that is it. There was some bounce plays, this, that, and the third, but ultimately, you know, with NVIDIA, Meta, Rivian, you know, some of the overnights. I also sold more RBLX on the gap of $1.60 or so, and then the rest, I got stopped outbreak even, my last little, little piece. But again, no really regrets. So the key metric for tomorrow is if we can get a light volume so off, at least profit taking at the open, then we can have a really, really strong potential day. If everything starts gapping up because of the PPI, then hell, we have opening ranges as well. But keep in mind, guys, 450 weeklies coming in, 450 for next week's coming in on the video. If this damn thing confirms, well, it could be pretty, pretty, pretty good. Guys, God bless. Keep in mind, tomorrow is no video. It's my regular Thursday night off. If you are joining us in the webinar, welcome. And if you're not, we will see you on the weekend video. Guys, have a great, great Thursday. May God continue to bless you health and happiness, and I will see you all tomorrow. Take care.