 The queues finally reclaimed on the close the 366 area which is the 200-day moving average which which is a huge huge deal. You guys remember. 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 Access a Trader dot com weekend. Well now we get too tired. Regular day with me week update show. Hope everybody is doing okay. So the worst thing a trader can hear. The worst word in a trader's vocabulary is contraction. That's the absolute worst thing because contraction is tight channels. The bulls are not strong enough to succeed. The bears there's not enough weakness to go lower. They're just sitting in the channels and that's what we saw for the last three, four days. Right guys? We've been watching this whole channel here above the five-day. We keep on getting rejected. We keep on holding the 10-day moving average and there was just something yesterday. If you watched last night's video, there was something yesterday that gave us a pretty good sense. We had a shot, right? We had a legitimate shot for stocks to wake up and if you watched last night's video, you saw this is the first candle, right? The close above the five-day moving average and this is the highest close in this whole formation and we started talking about names that were potentially waking up, the AMDs of the world and the videos of the world, right? And slowly but surely today, you had your little moves here and there in the beginning and then slowly but surely you saw one thing that we did not see in last night's video was deep out of the money call buyers. Again, we'll get to the individual pivots in a second but we started seeing this kind of mid-morning, deep out of the money, short-term expiration, call buyers come in, they started to take out the previous day's ranges and all the names that got really smoked on that first move when we broke below the 50 and the 200-day moving average on the Qs, all the growth names, right? The UPSTs of the world, the AFRMs of the world, even Facebook, right? We talked about Facebook that, hey, one of these days, it has to rally. It just doesn't make sense that it's just going to go straight down. It has to rally slowly but surely all the moons, the stars and the technical view just from yesterday's session being the highest close in this whole formation, being the first time it reclaimed the five-day moving average. Again, I didn't expect this explosion today, knock on what had happened, but it happened and that's the most important part and we went from literally a cash flow environment in the first hour or so into an incredible expansion channel zone with huge option flares coming in, big bets coming in ahead of earnings and the most important part and this is where we talked about in the last several weeks, the Qs finally reclaimed on the close the 366 area which is the 200-day moving average which is a huge, huge deal. If you guys remember the last time we reclaimed the 200-day moving average, it was very short-lived and that was when Google came out with earnings and you saw, they just literally sold Google every single day from the earnings but what we did see today was really great action for the first time in about a week, week and a half or so structural expansion, option flow, everything under the sun. You have earnings, you had big bets into earnings, you had big bets that were beating earnings. So this was a lot of really good, very, very good short-term market action, first close above the 200-day moving average. Now we needed a little bit more juice to kind of see if we could get it through. You had Disney after the close come out with really good numbers. Disney continues, there's no other way to say, they're kicking ass with this whole Disney plus and everything. They're just really, really kicking ass. So you had Disney knocking at the park, you got Tulo, another technology name, doing really, really well. You had even Uber, Uber, you had Uber coming out with really good earnings as well and now we're again, we're gapping above, we're gapping above all of today's, all of today's channels which is super duper bullish and the one thing that we said, well I said, I keep on saying the word we, but the one thing that I said when we closed above the 200-day moving average the first time around on the Google's earnings, wow are you guys remembering that whole heavy D? Now that we found love, right? What are we going to do with it? Apparently we didn't do shit with it because they sold off the market and now the question is well what are we going to do with it again, right? Now we're getting a second time at love, what are we going to do it again? But this time when you look at the daily charts where we were when Google came out and reclaimed the 200 versus where we are now, we're in a lot better shape and if you look at what we talked about last night, some macro levels were starting to come up, you could see the complete difference kind of where we are now, the kind of where we were only five days ago, but most important from a psychological point of view, it just felt really good today, right? After going four days up and down, up and down, up and down, scalp, scalp, scalp, scalp, scalp, scalp, your mental equities being burnt, you're losing your mind, you're saying to yourself just damn it, pick a direction already, I don't care which way you go. And then finally we picked the direction today and as much as we say we don't care which way the market flows to the downside, to the upside as long as we have a range, look let's all be honest, we feel a lot better when the market is strong, everybody's in a better mood, there's much more liquidity, much more participation and the most important part is right, people are much happier and that's the most important part. And now when you look at all the names that are coming out of the bottom range, they're coming out with very, very explosive moves. So tomorrow, how can you not give the bulls the benefit of the doubt? Big explosions today, again we'll get to the pivots in a second, huge explosions, but more important we have a really great value on deck coming in for tomorrow as well. And that's where the market gets good, the market's never good when it's trading linear in a high formation, the market always is the best trading market, it's coming off a bottom, reclaiming big levels, in this case it's the 200-day moving average. Now our next level of interest is the Google highs of roughly 370 or so, and after that if any close above 370, we start getting back to the 50-day moving average, then you're looking at roughly what, 73, 74, and then ultimate the big matzo ball is any close above 380 on the queues really lights a fire and that's the last day you want to be short, if you are short. That's the last thing you want to do is be short when the market reclaims the 50-day moving average, but again before we put the cart in front of the horse here, let's enjoy kind of what we are today, let's enjoy the action that we saw today and the most important part is let's see if we can confirm going into tomorrow. So let's talk about the day, super aggressive man, really really super duper aggressive today, again I think I could speak for everybody right, I think I could speak for everybody and say damn it we needed it mentally man, it really again is as cool as it is scalping here, scalping there, you know there's a big difference getting two, three dollars on a tesla and then getting you know a seven, eight, nine dollar move on in the video, you know what I mean, it just felt so, it felt like a piano was kind of lifted on all the trader's shoulders and we were finally able to stay in a position that lasted more than three minutes and that's what she said. So let's talk about today right, Apple really didn't do anything right, it didn't start out, the day today really didn't start out like gangbusters today, I think we could all agree on that, you know Apple gapped up, it went right to that 7680, matter of fact the high the day today was 7677, I still like it for tomorrow okay, it never confirmed that, I was like oh god they pulled Apple, let's see what happens next, Amazon you know it got above 3255 traded to like 3270s and that was it, they pulled Amazon and I'm like oh my god again another day we just can't get out of this range, just keep scalping, keep scalping, keep scalping and then slowly but surely guys we finally got the gift of all gift and that's called macro daily channels and this is where the day went from okay to being high right, it was definitely high so let's talk about it, AMD rockstar today, 130, 13020, 13006 was the earnings highs, needs to confirm those highs, 3085 is the pre-market highs, could see 3250 on this interval, again all you guys, everybody should be in runners for tomorrow, I don't care how much stock you have, you should be in runners, this thing absolutely went bananas, here's the 130 which was the earnings highs and I think it's going to see if the market continues tomorrow it should see 130, it should see a 134 handle which is the 50-day moving average, great, great move today into the 133 level, great move, phenomenal, phenomenal move, Qualcomm 18180, 182 needs to build, here was Qualcomm right, we're just going kind of pivot by pivot right, so it took out the 18180, 182 area traded up to 184, Qualcomm has a lot more room to go, again in case if we continue to rally which so far so good, so that one nuts, Facebook again it was just a matter of time, this wasn't really my thing, okay I was AMD'd up and the video'd up, I mean this wasn't really my thing, but boy oh boy, Facebook really took off, if you're still in this thing, this thing looks really good, they started coming for the 230, 240 and the 250 weeklies, look the stock is down 100 something points, what do you think, can't run up 20 points, so here was the pivot right here, 226 needs to build, if you're in this thing, great job, so 226 went to 233 and change, if Facebook can reclaim today's highs tomorrow, you could see 240, 250 in this name, if the market continues, AFRM went absolutely bananas today, AFRM reports tomorrow, they came for the 74, 74 weeklies, the 85 weeklies, 69 needs to build, AFRM went absolutely bananas right, so here is the whole 69 area, stock went to 75 after hours, this thing is trading 76, 77, huge, huge move on AFRM, they report tomorrow after the close, Apple again just didn't do anything today, again here was the out of the money buyers coming in on earnings, the video, huge pivot here, 257, 50 supply makes themselves, this is from people yesterday who were long overnight from the 52 area, the next big level, this is where the trade just went bananas, confirms on February 2nd highs of 258, 17 for push this 262, 263, that was the first supply, they were coming in incredible, I mean really, really incredible, they were coming in for the 260, the 265, the 270s, the 275, they saw 280s for the following week, so here is the 258, 20s, the stock, you know, stock right now is trading 268 after hours, just a magnificent move, look at this, it broke out here, just never, just never want to turn back, just phenomenal, phenomenal move on NVIDIA, Amazon needs to wake its ass up, I don't know what the hell it's doing, here is AMD, 131 push, then 132 push, then it's trading 133 and change after the close, then I had a dentist appointment, I came back a little bit before 2 o'clock, Facebook, a buyer came in here, a buyer came in for a thousand of the March 250 calls, again, they're looking for an extension of this dead cat balance, I mean just phenomenal, just absolutely phenomenal, AMD and NVIDIA, Facebook, AFRM, Qualcomm just everything went nuts, with God's help tomorrow, the big deal pre-market is the CPI, the CPI tomorrow, hopefully the bulls can withstand any body blow if the number is weak and engulf any bad news, because the greatest sentiment, the greatest clue if a market is good is if it stands bad news, so now that we're over the 200-day moving average, part due, can we hold the little love and get some love for the good guys for a little bit longer, guys have a great night, God bless, great job today, I will see you tomorrow, take care.