 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 morning, everybody. Welcome to another edition of the access to trader calm weekend update show up. Everybody is doing well. Hope everybody is enjoying this incredible, incredible market. If you are brand new to channel guys again once again, thank you very much. We really do appreciate you spending a few minutes of your day with us. If you can be so kind, all he takes a second, click a like, let's say click a like it'll help the channel out. If you haven't subscribed yet, subscribe become a board this never ending journey of technical analysis. That's it. Thank you very much once again. So, you know, it would be it would be really redundant to keep on saying how great this market is. It's just phenomenal. What are you going to do? It's absolutely phenomenal. And, you know, people keep on just now rehashing the conversation of well houses comparative calm is this actually now better than calm. And, you know, for years and years and years, you know, going through every single market, whether it was the 2009 generational bottom after the market, after the financial crisis, the pandemic market that was really, really good. That 2021, you know, really good market. And kind of what we got this, I really do have to say right now that this is the closest thing to dot com and you know I'm not going to have a whole debate on social media with somebody that was born after the dot com era, how it compares but if you did trade right if you did trade through 99 through, let's just say 2001, just that that that two years span, there was actually about 18 months span. You kind of know there's a very, very close distinction in the two. The only difference that I've noticed two noticeable differences from dot com to where we are now. During the dot com era, everything would explode because everything would explode on the PR of dot com right if a company, for example, went online their stock would explode. So for example, there was a company for you guys old enough to remember this, there was a company named E toys, a company came out with a PR and said, we're going to put our toys online, right stock exploded. And that was pretty much the whole era. You had biotechs going nuts. You had technology going nuts yet everything going one nuts. So basically, the retail trader or the retail investor they want, whether you took your money off the table. That's a whole different conversation, but they gave you a period in your time that the retail public the institutional public, everybody one, you go fast forward to, you know, 2020, right, what was 2020 2020 was the whole stay at home movement, anything to do with online right online interaction doing business did very, very well, you know, you had zoom right that I use the zoom platform in the in the webinar yet zoom doing incredibly well you had you had companies like TDOC online, you know, doctors visits do very, very well and everything pretty much sort of surged, because there was so much volume in the market because nobody that real jobs had anything else to do with you know if your if your business was kind of operation lockdown. The only thing you could do is play online poker or or trade so that was a very historical time but that's when the retail public one because names like, you know, amc and GameStop it was going crazy again. Here's the key, you know, here's the key key similarities right. It doesn't make a difference. If you took money off the table or not, the market gave everybody a chance to succeed again that's a very, very big theme here. So now fast forward to where we are right now the biggest things that I see the difference between.com and where we are now is now it's the real companies yeah of course you'll have some random weird symbol go from two to 30 whatever, but nobody you know again no, nobody's really caught I mean nobody I know is really even concentrating on that. The big difference is and you have real companies, you know real companies, doubling right sometimes going for X. I mean look at look at SMCI I mean this this is for X since right this is for X since October right the company got added to the S&P 500 I mean the stock literally it went from $200 and now after the close the stock is what 1035 approaching approaching all time highs of this 1088 level on the S&P edition. So you have you have companies that are doubling like in the video you know for X thing like SMCI and just to give you an idea how you know crazy this market is just to give you a perfect example of the exaggeration factor. AMD is used to used to be a trade used to be a stock that I would always trade, but I know there was you know like two years ago, if you could get like $1.50 move that would be considered wow that's a really really good and AMD because that there's so much liquidity so much institutional participation almost too much institutional participation that the stock only used to move like a dollar and a half, maybe $2 on a really good day. The stock in the last 24 hours has gone literally from the 170s to 203. Right just to give you an idea that's absolutely phenomenal. NVIDIA now goes $2340 like like it's nothing SMCI has 100 point ranges like it's absolutely nothing obviously again we kind of know the names that are not participating the Tesla's of the world not participating Apple finally cracked on Friday not participating Google really not participating so there's definitely names are not participating but man oh man this is an incredible market and the one other thing that is noticeably missing from the from the tech boom of 99 2000 is IPOs right we haven't seen really any phenomenal IPOs used to have IPOs going up 100% in a couple of days couple of weeks so we're not missing we're missing that area and the one thing that you know that is a very very key similarity to we're seeing now to where we're seeing then is the duration of the move. A lot of people think the dot com bubble lasted for years dot com bubble lasted 15 18 months that's it it was from 99 to about middle of 2000. That's all it was. And once 911 came everybody was ready before then screaming bubble bubble bubble once 911 came it was like stamped the end of the end of the move so you know people people don't remember bringing it wrong it wasn't around for five years you know the internet craze was around 15 18 months right now you know we are in what month 14 of this incredible rally listen I would love love love love for this to be to be extended as much as possible if you tell me we have an extra six months of this I would sign up for you tell me you have an extra six weeks of this I would sign up for us so the more that we can have this type of action is absolutely incredible but guys I'm telling you this as the day is long and it's happened so many times it's going to end it's going to end so if you're taking advantage full of this type of market that's awesome if you're a retail trader and you are riding the wave of some hot stock whether it's Nvidia or SMCI or hell Bitcoin right Bitcoin or the other shitcoins whatever they're called right guys take your money when you can okay take your money when you want to not when you have to even if you're a week early a week you know two weeks early a month early it's better be early than late right and we've seen this all the time because the retail public doesn't know when they won when GameStop went from five to 300 they didn't know they won when they won AMC went from basically zero to one sixties they don't know they won guys you're winning if you're a retail investor in Bitcoin and this and that and the video you're winning take your money if you want to play with the profits hold the profits take the profits that's great but you're winning realize you've won okay this doesn't come along every single day it took 25 years to replicate the dot com era be smart okay when I was trading in the dot com era there's basically my first year and a half I didn't think this was going to end I thought I was going to be retired by the time I was going to be 27 28 years old no I'm going to be 50 years old in June so be smart guys take your money off play with house money if you want to keep 15 20% on hell you know let it go to zero let it go to whatever the case may be but be smart every single euphoric cycle is going to end and when it does it's going to be a really really really it's gonna be like it's gonna be like a heroin addict coming down from that high and he can't replicate that feeling anymore that's what happens when you forward bubbles and this is eventually going to end but I'm telling you I'm going to continue to ride this as much as possible like I say in every single video we know right we absolutely know you know what happens when a previous channel gets confirmed that we start losing a previous daily channel I wasn't prepared for the rug pull in 2000 I wasn't prepared for the rug pull during the financial crisis I'm prepared right I'm prepared and we know we trade both sides of the market you know I don't care I love this action I think it's phenomenal but I don't need it I don't think any professional trader needs it so if you're a retail investor and you've done great in the last 14 months take your winnings when you can not when you have to and that's a very very important part about having a solvency status in this industry so that's it I mean what are we going to talk about how great the market is how the indexes are going crazy right we talked about all the symbols and I apologize Twitter is having an issue right now for whatever reason I can't even go into the pivots from Friday as you can see here Twitter is having a problem so but you have to take our word for it Friday was pretty good Friday was pretty good and the at the second second run when nuts and the video from Thursday night's video we talked about the importance of reclaiming 800 this thing went right back to all time highs meta finally had that expansion channel had a massive massive move I mean everything Amazon broke out I mean what are we talking about right you can go through the whole list of the Nasdaq 100 names it was a phenomenal week great week just absolutely great week and if that wasn't if that wasn't crazy enough SMCI is up another 100 points on the inclusion of the orange that's really fueling everything after the close once again on Friday so going into this week again I'm I'm trying to find things that are just going sideways I really am it's so hard to find things that are going sideways but obviously any dip initial dip into Nvidia and you know in Amazon everything anything that's really ripping right now you want to watch for dips into rising 60 minutes support obviously anything that's stretched out that's double the triple and you're this is your first entry in the stock don't don't don't your way late your way late even if it goes higher don't you doing it wrong so let me give you guys some ideas going into this week that are not having gone completely bananas just yet let's look at Microsoft Mr. Softy had a nice push here this is a two e consolidation if softy can get above this channel here on the 23rd of February it should go to all time highs let's watch that and video watch this thing on Friday on Monday and congratulations for you guys are holding a runner this thing exploded on on Friday through 800 through 802 and the last channel of this 806 and a half level closed at 823 I think it's trading at 826 last time I looked on Friday afternoon before the ECN's close you know the video looks higher mchp another semiconductor is just first close over the 50 day this is this is something you have to watch because what would happen last time it got above the 50 day it went from 85 to 93 in three days so this is the first close above the 50 day watch this thing if it confirms Friday's channels Disney is approaching Disney's approaching its earnings highs obviously is no better catalyst then confirming earnings highs that looks great and Palin tier my pronunciation of these stocks suck the Palin tier looks great absolutely great keep an eye on this top of the channel here from the February highs if it takes it out this week this thing could absolutely explode Tesla no man's land wake me up when it takes out the top of the range Apple you know survived you know this ain't gonna actually got killed we had a pivot in the room from then 79 and a half 79 level and all the way down to 77 rebound with everything else but you know this is such an exceptional exceptional market you don't need to try to squeeze water out of rock stocks that are not participating just wait for the ones that are and that's the key so the moral of the story guys retail investors swing traders retail traders scalpers crypto traders you won you won guys I give you my word you won take your money off the table okay again doesn't need to be everything but take your money off the table while you still have it because again I've been doing this since 1999 actually 10th technically in 98 March where we are right now is my 25th year celebrating my business you know my business right celebrating my journey I'm gonna be 50 years old in June so I'm doing this for more than half my life I've seen it before it ends exactly the same way take your money when you want to not when you have to guys God bless everybody stay blessed and I will see you all on Monday take care