 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 AccessaTrader.com nightly wrap up show. Hope everybody is doing well. Hope everybody is getting ready for turkey day. Tomorrow is a regular session Friday, markets close on Thursday and Friday is a half day. So if you are trading tomorrow, we'll see you tomorrow. If you're not enjoy the holiday, enjoy your friends, enjoy your family because again, we only have one life to win. As always guys, please continue to support the channel. Like and if you haven't done so already, subscribe to the channel to continuously keep up the date with the craziness and the greatest reality show that's not on television. So let's talk about it. Last night's video, we talked about the only way the market will go higher is taking out the previous day's channel and building on that channel. We haven't seen that in about four or five sessions since we had that really, really big 10% move. You had a little bit of distribution. The market came in and the question was, what kind of session was it going to be today? And the one thing that we did know, we knew the ranges for the upside to the downside. And we also knew that the market eventually because again, the 50 day moving average is going to be kind of a buffer. Eventually, when the sellers get tired, we were going to start resuming. The only question was when, right? We didn't know and we talked about this last night. It was going to be today, tomorrow, next week or never because nothing is ever guaranteed. And today started out pretty slow. As you can imagine, we're getting closer to one of the biggest, probably the biggest holiday travel seasons that we have. So it wasn't really a surprise at the first hour or so, two hours or so that the market really wasn't doing anything. You could really see that. There was some weakness, there was some strength, but it was like just kind of going through the motions. We'll probably pick up steam some point next week and let's see what happens. As the kids say, it was a nothing burger, right? And then slowly but surely the market started coming in. If you guys remember, market started coming in today somewhere around that 10, 30, 11 o'clock area. And the coolest part about technical analysis is there's no surprises, right? We talked about the bottom of the range here that held two out of the last three days. We knew how important this bottom of the range here was. And the question was, well, where the bear is finally going to knock down the previous day's, previous channel's ranges from the lows from a few days ago? Or were they going to hold and start moving back higher? And we got that answer pretty clearly. We got that answer pretty aggressively. And what you started seeing from the earlier part of the day, or even kind of going back to yesterday or the day before, that there was an absolute buyer strike, that they were just still tired. They were still kind of digesting the recent games. Today we got a definitive message of what do we believe is going to happen next. Now we'll get to the individual pivots in a second. But the key for today's session for the bulls were, number one, we held the bottom of the range again. As you can see here, the area we talked about last night in the video. But here's the most important part, right? If you've been watching this video for a long time, or just a brand new watcher, I love the five-day moving average, not for the point of this is the definitive area that I think the market wants it reclaimed. This is it. This is the start of something. But usually it represents for me, the five-day represents to me the shortest term of who has control of the tape, right? And this is the first close ever since we started this run up here above the 50-day moving average. This is the first time we reclaimed the five-day moving average on the close. And if you believe the theory is stock straight from supply to supply, well, then they trade from demand to demand. So here's supply. We reclaimed the previous day's channels. We talked about last night in the video what the bulls absolutely needed to do. And the most important part is we continued to build off that level. And here's the first close over the five-day moving average since, well, since all the way back up to here. So it's very, very bullish sign going into this session for tomorrow. SPY, right? But exactly the same thing. The only difference between the SPYs and the QQQs, you know, the market really just started embracing the rising 10-day moving average. And you can see here for three days in a row, it kind of grinded into this green line. The 10-day kept on bouncing, bouncing, and bouncing. And then slowly but surely it started to breaking out out of this channel here. Really incredible move into the close. And now we are setting up for higher prices. Look, is it possible we have a res date tomorrow? Everything is possible. But the point is the fact that the QQs and the SPYs reclaimed both the five-day moving average each, it really does show you who has control of at least short-term sentiment. And if we can still muster a rally tomorrow, and this is the first time you're actually hearing me talk about, you know, bi-sided opinion because, again, in the last four or five days we were just digesting the recent gains and taking advantage to the downside. This is the first time that you could honestly say you turn around technically and say, hey, look, the market has digested. It went back about a week or so. It did what it had to do. The distribution is over. They reclaimed the five-day moving average. And now it's time to test recent highs. Raise your hand if you're all for that. I'm raising my hand as well. So going into tomorrow, again, you have to give the bulls the benefit of the doubt. I would love to see a pretty aggressive rally into the recent highs. I think the way we're presently structured right now, you're going to see a lot of people off tomorrow. So that basically means there's not going to be a lot of selling pressure. Again, is it possible the market kind of retracts its steps a little bit today? Sure, everything's possible. There's no guarantees. But all the research, and that's kind of what we talk about on a day-to-day basis. You're not trying to predict what's going to happen five weeks from now, five days from now. You're trying to take the research what you have right in front of you at the closing bell and saying to yourself, well, where do I believe the biggest value is? And if you do believe that indexes are going to pull up individual equity prices, then you'll have to love the way the market closed, both on the spies and the QQQs. And if you start looking at a lot of charts, you'll see what I mean, right? You see Microsoft mirroring both the S&P and the QQQs. You see NVIDIA, right? You see NVIDIA. Really good-looking charts, right? NVIDIA did exactly the same thing, broke this old downtrend, reclaimed the five, the 10-day moving average. They were coming for the 160 weeklies, which had a really, really strong move today. And now you have the roommate. If you could just take out this top of the channel here, you got a potential channel here, 164 and then all the way up to 170. So we're definitely set up a name like Ross Stores, right? Let me before Ross Stores. If you guys remember, we had to pivot a couple of days ago, right? Walmart. If you take a look at it here, it had a big, big move on earnings. It was just kind of going sideways, sideways, sideways, right? And so it finally took out the earnings highs and started the next leg up. Look at Ross Stores for tomorrow, right? Look at Ross Stores. Same thing. If you move up on earnings, digest it as if Ross Stores starts building above earnings highs, you can get the next leg up. And again, you don't have to be very creative for tomorrow. There's a lot of names that are going to mirror the NASDAQ 100. You got the AMD, the semiconductors looking really good. If you look at the SMHs as a whole, right? You can clearly see we're one channel away. See this top of the channel here? I'll even give you the price. If the semiconductors start building above 222.70, right? You see this SMHs? If the SMHs start building above this 222.70 is 223, yeah. We got a shot back at the highs from a couple of weeks ago. So we're set up, right? We're set up. Now the question is, can the bulls deliver a day two after a day one reclaiming of a good supply zone that used to be demand. It was now supply and now all signals are gone. Again, to be determined, I'm going to trade tomorrow probably until a little bit after lunch just because, again, we host Thanksgiving. So I've got to get the house in order. I've got to get the food and blah, blah, blah, blah, blah. So I think tomorrow there is Fed minutes coming out at 2 o'clock. I will be long gone by then. It doesn't really make a difference what they say because, again, they just, they're talking heads and they're constantly saying things. I'm pretty convinced, I think a lot of you guys as well, that they get paid by the word, allegedly. But again, market on the surface of phase value looks good. Let's see what happens after the Fed. But at least we should get a lot of value going into that 2 o'clock chow. So that's it. I mean, we're pretty much set up here. You don't need to kind of dissect every little thing. Above supply is bullish. Below demand is bearish. Again, we closed first time in a week or so above supply. So again, all systems are gone. So let's talk about the tape. Again, not a lot of, I mean, not a lot going on this morning until the ETFs came out. We'll talk about that as well. Zoom came out with bad earnings. $72 for builds below can flush. Did nothing. Went down to like $71.90. Pretty much held $72 and reversed. Microchip never got down to the $71.50 area. Crocs way too thin with stock. It had the initial move to like $90 and change and reverse. TDOC, very small move. Again, all these moves are very small at the open. $27.30 needs to build. Went down to like, you know, $27.80. I think nothing big there. But here's where the market really started picking up steam here. You know, we don't care which way the market confirms. And that's kind of what we try to reiterate over and over and over again, especially in the videos. You know, we just care about the channel confirmation. Here's what we had here. $284.60. We talked about this number last night in the video. $280.70 to the downside. So $284.60 up. $280.70 down. Channels are of importance and accused. Finally got above, right? Finally got above the $284.60 level traded all the way up to $286. Pretty much close at the highs. As you can see, we're setting up for higher prices. Really good move there. LIT never got down here. I actually scalp this crowd. The crowd wasn't bad. $134.38 if it builds below can flush. Went down about a couple of blocks pretty quickly. Not a bad trade. Nothing crazy, but nothing bad as well. Microsoft looks great. It confirmed towards the end of the day $144.70 needs to build. Not the biggest move yet. Is the optimum word, but it took out the $244.70 when traded up to $245.30. But this thing is, if it confirms today's channels, this thing could really rip tomorrow with everything else. And here is definitely the absolute big move of the day. This is again, this is $244.70. This is Microsoft actually putting the wrong price. This morning $109 builds below can flush. Only went down like $0.20. Tesla never took the upside. Never confirmed the upside down. Only went down like $1.00 and changed. Nothing big there. Again, it was really, really dead action in the morning until the spies started confirming, until the queues started confirming. That's when everything lit up and that's where we believe it's going to continue for tomorrow. Here is definitely the biggest move of the day and a phenomenal move. Again, everybody should be holding a runner. $397.85 needs to confirm daily. Once this happened, everything went. And here again, here was the spies. The spies reclaimed this whole channel here. You see the high here? $397.78, right? The high on $11.16. $397.81, the high on $11.18. And again, here's the point. If they can start rebuilding $397.85, that's the top of the range. The spies can go and the spies exploded when all the way up to $400. Again, if they confirm that $400 area, I do believe there's a shot we get to this $402, which were the recent highs. So that's it. Set up, man. You don't have to be very creative. Go through the NASDAQ 100s. Semiconductors look good. Obviously, Microsoft looks really good. Spies look good. So, you know, look at the components in the spies. There's components in the semiconductors. And if you do your research, you'll find some really great value. Once again, guys, I appreciate all your support. I wish everybody nothing but the best. Happy holidays. Happy early start of your holidays. Happy Thanksgiving. And with God's help, I will see you all soon. Take care.