 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, meeting everybody. Welcome to another edition of the access to trader.com nightly wrap up show. Hope everybody is doing well. It's about 20 minutes to four. It's not exactly the nightly wrap up. It's the afternoon wrap up tomorrow. My daughter graduates today. We got some other stuff going on for her. So this is the literally the only time I could record the video and off to do dad stuff, which is actually really, really awesome. The sad part is my baby, baby girl is graduating middle school middle school. So that sucks. But hey, life goes on. So let's talk about it right. So yesterday we had an incredibly aggressive reversal. The NASDAQ came in very, very aggressive took down about three, four days worth of channels into the 10 day moving average. If you watched last night's video, my game plan today was, you know, for a gap up, right? We got the gap up. And I was waiting for the bottom channels. That was the name of the game. I wanted to see if the NASDAQ can confirm the 10 day moving average because if that would have happened, all the stocks that went into the five into the 10 day moving average, if they would have confirmed when gravity would have really kicked in. And the next thing you know, we would have had a pretty big premium day. The problem with that is it didn't happen, right? It didn't, it didn't happen. And the most important thing is I kind of reiterate every single day, especially the new traders. It's not about being right. It's about being calculated on your research and waiting for that research to confirm, not guess, not anticipate, not trying to sound smart. It's waiting for that research to confirm. And as you see what's going on here, NASDAQ is up 1%, right? It's 1%. And the question going into today's session was, yes, they just, you know, a rarity, right? An odd event in this amazing, amazing bull run or was this going to be something more, something more of a day to stretch to the downside. And quickly, you know, we got our answer, right? You saw this morning, Amazon got an upgrade. Again, you can make a case. And this is where the bears can make a case. And again, I always like to play doubles advocate. I don't like to sit there and try to, you know, go on one side. The bear case is everything is trading on an inside day. If you're brand new to trading, all an inside day is when you get this magnificent candle, whether it's to the upside to the downside, and the next day, it doesn't take out the highs, doesn't take out the lows. That's called the inside day. It's normally a pause before the next move in the original direction where you saw the candle. However, however, there obviously are exceptions. And the big exceptions obviously is this whole bull market. And the one thing that the bulls have done an incredible job, even on aggressive sell-offs. And you can see we had numerous aggressive sell-offs over a two, three period of time. If you notice the last time we tested the 10 day moving average was on May the 24th. And what happened the next three days, we rallied, really, really rallied, and not only took down this one channel, we took down this whole formation on this gap down. So that's kind of where we are today. And if you look at today's action, is everything participating though, right? I don't think I wouldn't, you know, and this is kind of where the bear case kicks in. You turn around and go, well, Microsoft was down 10, it's up 2. Right? Amazon was down, like, what was it down? $7, $8? It's up 3. Again, Nvidia yesterday got absolutely destroyed, it's up 10. But again, inside day, right? That's the inside day. So the key to going into tomorrow's session is, well, what happens next? Okay, are we going to roll over and make this inside day a play going into tomorrow's session? Taking down yesterday's channel tomorrow? Or are we going to start building upon the previous day's highs, reclaim the five day moving average? And this bull market will have more legs than it wants to, right? And that's exactly the open ended question. And this is why it's so super important to kind of be open minded, right? I go into every single video saying, look, I don't know what's going to happen tomorrow. I could plan for it. Here's my research. Here's my case. But if it doesn't confirm, we are out of luck. Again, we are out of luck to that side. Again, you can sit there crying and moan and complain about it. Or you can make the best of it and waiting for the research to kind of turn and price action makes you right instead of just a guess like everybody else is doing. So it's very, very interesting going into tomorrow's session. Fridays are usually very, very aggressive days, especially for stocks. Tesla is going out of its mind right now, especially for stocks. That's what you know the market still opens quarter to four right now. Tesla is going out of its mind. The most important part, I love Fridays because all the speculation money flow that you saw throughout the week that they're betting for weekly expiration, especially in a linear aggressive market. Those are the stocks that usually are going to take flight. So let's say for example, right? Tesla has been out of its mind. Okay, out of its mind. It held the five day moving average. It's going crazy right now. The most interesting bets we saw going into tomorrow's session. We saw the two 35s, which are going to get paid off literally any minute here. We have the two 35s, the two forties, you got the two fifties going into next week. I saw some 260s going in for the end of June. So Tesla, if the market continues, hey, there's a shot this thing sees two forties. Carvana, right? Carvana gave a mid, I guess a mid year update. Obviously when you have that much short interest in a name, it's not going to take a lot, especially in this type of environment to light it up. Tomorrow we saw the 25s come in. This is just going absolutely out of its mind. This is one of those stocks that if you do get a gap down tomorrow on light volume, you definitely want to pay attention, try to get this thing on a remount on a 60 minute dip. But the way this stock is trading, would it shock me to see 30 bucks? No, absolutely not. So I think the value, right? The value in this play by the time a lot of you guys are watching this video of the market's going to be closed. But I think the value in this play tomorrow, if it doesn't gap up two, three, four dollars, is try to get it on a 60 minute support. Again, for all you guys who trade the one under five minute charts, this is what the 60 minute support line is, right? It's this orange line. It's this green line. And as you can see here, just visually, even if you have no idea what the PS60 theory is, or support zones or demand zones, you can see visually every single time it hits a demand zone. What happens? Right? Spikes, demands on spikes, demands on spikes. So any single time you have an opportunity to get a stock that's closing at the high of the day with ridiculous volume exaggerated price action, and you can get it on a rising support, those are the names you definitely want to pay attention with. Another name that had very, very odd option flow today is Rivian, right? Rivian has done absolutely nothing. I mean, absolutely nothing. What we've seen here now for the last few days, they've been coming in for the July 1750 calls. Now, why is that important? The chart is terrible, right? The chart is absolutely awful. I mean, the stock today held the 50 day moving average and bounce, and obviously the 50 day becomes now the line in the sand. But the odd part about it is somebody came in today with four orders in a row, buying 1,000 each, 1,000 every single four times in a row of the July 21st expiration 1750 calls, considering the stock is at the 50 day moving average and the chart is God awful. Does somebody know something? Or as the great Wild Bill from Billion said, is somebody not uncertain to be determined? Other names breaking out today on a monster monster move is Boeing, right? We saw, again, this is the point of watching option flow. We saw the buyers come in this morning, you know, when the stock was at 213, 214, they were coming for the 220s, one after another after another after another. And again, congratulations to all you guys who caught Boeing and confirmed the 15 and a quarter traded right to 220, just an absolute amazing move. Some names that you definitely want to watch tomorrow, definitely watch for Tesla in case it doesn't gap up into any weakness for potential remount, red to green scenario. But here are some names that look pretty good. Look at CarGurus, right? I thought it was CarGill. It's CarGurus. Nice setup here. All it needs to do is get above this channel here. If they could confirm this channel here, it could start its next leg up. Look at a name, for example, like BCRX, another name that had some option flow. They were coming for the July 11 calls. This is not a bad looking chart. Again, I don't know if it's going to confirm tomorrow, but look at this channel here. If this thing could start taking above this channel here, maybe this thing wakes up, so keep an eye on that as well. Other than that, it's very, very tough. The exception of Tesla is approaching 235 right now. It's very tough to handicap tomorrow's session just because of what we talked about a few minutes ago. Again, we are in the middle of this channel. For the bears, they need to confirm yesterday's low of 348. For the bulls, they need to get above 353, 354, and whoever controls either the five or 10-day moving average, you're probably going to have directional bias in that direction. So I apologize for cutting this video a little bit short. I got to go jump in the shower. I got to put on a suit. I got to pretend I'm an adult. I got to impress my wife. That's the only way I could trigger into Twitter after dark. For all you old farts are married, you kind of know what I'm talking about. For all you single guys, I'm hating on you from the sidelines, but that's what I do. I'm a hater at heart. Guys, God bless. Have a great, great remainder of your day, and God's help. I'll see you all tomorrow. Take care, everybody.