 If you want to add 25, 30% to your yearly bottom line to your performance throughout the year, consider it. 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 theaxisatrader.com. Nightly wrap of show. Hope everybody is doing well. Crazy, crazy day. We'll get to that in a second. Again, if you are new to the channel and you like content that is unbiased and purely technical, I would love to have you join our ever-expanding family. Click alike. Subscribe to the channel. We go live, well, uploaded Monday through Wednesday, Thursday. I'm off to decompress the mine. And then we do this again on the weekend update. So let's get into the market. Last night, we talked about the importance of a couple of levels. We started talking about the S&P 500. We knew we had to get above this 390 level and start building above that. We knew that. QQQ we talked about last night, the importance of building above this whole channel here. We talked about that 270, 15 level. We knew that. So we were prepared for a possible day to run of confirmation from the post-December jobs number. We were ready for it, the Qs, Amazon, Tesla, so forth and so on. And so be it, the market did that. The market confirmed pre-market highs. We had a decent slight little gap up. It confirmed opening range highs. Everything under the sun went absolutely nuts. We'll get to the individual pivots in a second. And then things got really, really real. We needed a desperately close above that level on the SPY. We needed that close above the 389 level. Everything was looking great. I mean, really, really good. Spies exploded. The Qs exploded. This is an intraday look. This is an intraday look on the spies. They got above this whole channel here. They started rallying, started rallying, continued to rally. And then right around 232, 230, you had Bostick speaking. You had Fed daily speaking. Again, correct me if you heard this before, they speak way too much. Again, all these Fed people, I'm really convinced they get paid by the word. But all of a sudden, they kept on reiterating what they already said last week, that they expect to have rates continued to base over 5%. They continued to stay until 224 or even beyond. And all of a sudden, what the market loved on Friday, that news that made it rally 700 points in the Dow, got spooked out. And the S&P was up 1 and 1 half percent. And then at a day, they went red on the day. And that was a pretty big body blow to the bulls because the bulls reclaimed the 50-day moving average. When I left at 230, I went to the gym, I went to the sauna. I was already mapping out my trading day for tomorrow based on what we saw and how we were closing. Everything was super duper strong. And by the time I got out of the sauna, I got dressed, I turned on my phone. I'm looking at, I'm like, how did the Dow go red? How did the S&P go red? So it was a big blow. I mean, really, really big blow to the bulls. They reclaimed the 50 only to lose it back on the close. And now putting in an inverted hammer. If you, for all you guys who are brand new to trading, inverted hammer is not a good thing, right? If a hammer is bullish, guess what? Inverted hammer, not so much. So the bulls have to, right? They have to do whatever it takes for tomorrow to reclaim back this 390 level. If not, you guys remember what happens when you start building below the 50-day moving average. And this is where the bears kind of reclaimed out the close. The longer we continue to stay below the 50-day moving average, again, it's not a good thing. So the primary job for the bulls, how a high water tomorrow, I don't care what happens. I don't care who speaks, whatever the case may be, whatever the headlines may be, reclaim back that 390 level. The bear's job is to make sure that we continue to build below today's lows, right? If you look at today's lows, we have this 387, 67 area on the spies, confirming and correlating with the inverted hammer. Not good. Cues were running a muck, right? You ever hear that expression, running a muck? I actually like saying that, right? Cues were going nuts. They reclaimed the 270-15 level, took out the pre-market highs, right? Took out the pre-market highs of 2775. Again, we'll get to the pivots in a second. They went absolutely nuts. I thought they were gonna get to the, you know, had a shot of the 274 level. They traded up to 75. But man, oh man, look at this, look at this reversal back into the close. Here's what the bears need, here's what the bulls need to do, right? The bulls need to reclaim back. We were literally a stone throws away from retesting back that 50-day moving average, just like the way the spies did. The only problem is we never got, you know, we were doing $3. You know, we were about $3, and this is not what the bulls wanted. Here's the kind of playing devil's advocate. This is where I don't think it's as clear as day. Like sometimes you look at a chart and they go, oh, the clear is day. You know, the market gave back this area, blah, blah, blah. You know, 100% sell bias, 100% buy bias. Here's where you can play devil's advocate, right? So this is the highest close in the whole formation, right? We talked about 270, 15. So this 270, 54 is the highest close in this whole formation. The problem is, right, we got rejected off supply here. The spies fell below back to 50-day moving average, and this put an inverted hammer as well. So this is where the spies need to kind of react for tomorrow, right? The spies need to defend this 270 level. Hella high water, right? They need to defend this 270 level, because if they don't defend this 270 level, then we go all the way back into the five and 10-day moving average, which is 265-ish. Obviously, any close, the long we continue to build above the 270 level, this will give us a pretty good understanding that, hey, we're not giving back the 20-day moving average that we reclaimed here, especially on today's open. This is a good thing we're building for a test of the 50-day moving average. So going into tomorrow, it's not as clear as day, right? This is, and again, when we talk about having a plan, having a course of action, having an opinion to make sure that you have both sides of the market covered. Yeah, I think going into tomorrow, that applies more than anything else, but at least going into today, when you look at how we closed towards the top of the range, at least you had an idea that, hey, I think six out of the seven ideas I had for today were to the upside because six out of the seven closed near their upper channels yesterday, but now we have stocks right in the middle of their channels. So it's not gonna be an easy thing. It's not gonna be one of those days that we're gonna get a clear, clear shot, clear path to the goal line. A lot of stocks are in the middle of their channels. So we might need a candle or two for tomorrow to let these things kind of play out a little bit. So it's a very, very prudent way to kind of let the market kind of do all the heavy lifting for us. And if we do start losing the bottom of the range here of today's lows and we start seeing some ideas that I have for tomorrow, we might start looking back to the downside. So we're gonna have to let the market speak to us tomorrow. There's a very good chance tomorrow it'll be kind of one of these weird days, market can't go higher, market can't go lower, but it's one of those days that are necessary. It's one of those days that are crucial to your development because this is where you let the market do the heavy lifting. It's gonna tell you exactly where the high probability next move of the market will be. And this is another point of reference that again, we don't need to guess, right? We don't need to try to figure out what's gonna happen. At 2.30 today, everything looked phenomenal, right? I had 35,000 long buys placed for tomorrow, an hour, you know, only an hour later, not so much. So we have to have some long ideas for tomorrow. We have to have some short ideas for tomorrow. One stock that actually held up really well. We talked about Tesla last night in the video, right? It held up really, really well, right? Within, you know, within what, $3 of the highs, check out this top of the channel. And again, maybe today is the top of the channel. We don't know, but again, this is the whole point of being, you know, being, you know, being, being concentrated on both sides of the market. You see the top of the range here, it didn't quite get there today, but if Tesla, you know, and it held up very well, if Tesla could just take out this top of the range here, this thing has room to 33, 34. We did see some pretty aggressive call buying, weekly call buying for next week coming in at the open. We saw the 125s. We saw the 127s. We saw the 129s. We saw the 130 calls. They were very aggressive. They had a lot of size. But again, it doesn't make a difference if they're, you know, if how big their accounts are and they're betting institutional-wise. If it does, if it gets rejected off this top of the channel tomorrow, it's not gonna, it's not gonna mean a difference. How much money came into the flow today. So we're definitely, definitely watching it. Let me give you guys some ideas for tomorrow just to kind of give you some ideas on both sides of the market. Let me see what I want to give you guys. Yeah, check out Calmine. C-A-L-M, they do something with eggs. Who the hell knows, right? But anyway, they do something with eggs. Look at this. You see how many times they held this bottom channel here once, twice, three times, right? The market starts coming in. Matter of fact, one, two, three, four. Wow, look at this all going all the way back to November. Didn't see that. Three, four, five. It held the bottom of the range here five times. If this Calmine finally starts losing the bottom of the range here, this thing could start its next leg down. It looks pretty interesting. Look at F-I-V-E in case the market rallies tomorrow, right? Pretty chart. You know, pretty chart. It was up huge today. It looks like it wants to attack the top of the range here, right? Again, if the market rallies, you have something on the short side, you have something on the long side. Obviously, I'm watching a whole bunch of names that had dead cat bounces, potential rejections today, like a Microsoft, right? So if the market starts caving in, right? You got an inverted hammer. I'm going to watch the bottom of the channel there. A name like, for example, Apple. Same thing, right? Apple had a nice dead cat bounce. Got rejected off the 20-day supply, put an inverted hammer. The market starts going down tomorrow. Again, we want to look at the weakest names. The weakest names you guys remember from last week were Microsoft or Apple, right? So we want to go with the weakness. We want to go with the stocks of the dead cat bouncing and got rejected off supply. We don't want to go with the strongest stocks of the market. They might pull in, but we don't want to go with them. We want to go with the one that are wounded, not the ones that are Teflon done and bulletproof, and that's the easiest way to the goal line. So let's talk about it, man. Crazy aggressive session today, till around two o'clock, but this is where we say, guys, the day trading window, okay? The emotional window is between 9.30 in the morning to around 1.30 in the afternoon. After one o'clock, you start seeing all these crazy headlines. And it's always one of those situations that there's a higher probability that you are gonna give back your whole day in the afternoon. They're gonna give back your whole day in the morning, right? You ever hear that expression? I just gave back my whole day. It's very rare it happens in the morning. It's always in the afternoon because you have Fed comments, you have political headlines, you have domestic headlines, you have this, you have that. You have so many different things and everything looks great until it doesn't. So it's very, very important. One little tip, and I think I've spoken about this in numerous times throughout the years, if you wanna add 25, 30% to your yearly bottom line to your performance throughout the year, consider stopping trading after one o'clock, okay? I'm telling you, the channels are going to contract. In the morning, they expand. That's where you're getting the ferocious moves. And whatever you like in the afternoon, you're gonna love in the morning. So if you could be disciplined enough to not train the afternoon, you're gonna be shocked at your year end results. If you are trading in the afternoon, you know, risk 10, 15% of your day. Nobody should ever give back half their day. Nobody should ever give back their full day. Again, you're a functioning business like every other business on the planet. Your goal is to leave with more than you came from. And obviously, if you know the highest probability of risk is in the afternoon, why sit there and give yourself exposure? Just wait for the next day. So you had a massive, massive move here in the morning, crazy moves here. So here is Tesla. If opens under 115, use that as the pivot. If it opens above, it needs to confirm 1880. It opened around 117, confirmed 1880. Here was Tesla, right? Here was Tesla. You could see it on the 60 minute view, right? So Tesla opened up right here, right? This 18 area, it finally confirmed 1880. Went from 1880 all the way into the 23 and a half area. Really, really good move. But more important, you have this top of the channel here that we spoke about a couple of minutes ago. If it confirms this tomorrow, you have a lot of really good upside. Amazon beautiful move, needs to establish new base 87, 87, 8740. Here was Amazon. Here was Amazon confirmed this whole range here. You see this whole range here, 87, 8740s. It controlled this whole range here. Opening range highs around the 87, 60, 70s. And the stock went right into supply at 89, 40s. Gorgeous, gorgeous move there as well. Remember what we were talking about? Grab, we were talking about this thing for five days. It finally broke out today. Finally, right? 360 needs to confirm. Here was Grab, right? Here was Grab. It finally got above the 360 level. I started talking about this thing about two or three updates ago. Finally confirmed 360 trader right into the 380s. Highest close in this whole formation. This thing can just get above the 385, 387 level. Maybe get a next leg up. A beautiful move there as well. Apple, beautiful move, 130. You can see how aggressive everything was at the open. 130, 65, 131 needs to confirm. Here was Apple, right? So it took out the 130, 65. Here's the 131, the highest channel into supply and traded right into that 133, 40s supply before getting rejected. NVIDIA I missed. This was definitely the biggest move of the day. 150, 250 rejected twice pre-market needs to build. Here was NVIDIA. It took out the 52, 50, 53 level. And look what it did. All it did was put up a $7, $8 candle. That's it. Other than that, I didn't miss anything, right? So that's that. Square, I don't think it did anything. I think Square went up a little bit. I didn't try any Square. It took out the 70, yeah, it went up like 50, 60 cents, not much there. Cues absolutely exploded. I thought they could get to 74, they got to 75. 270, 75 needs to build. Here were the cues, right? So it gapped up, reclaimed. Here is the pre-market channel. It reclaimed this pre-market channel 270, 73. It just went absolutely bonkers into this 274, 275 level. So great day, really, really good day. But more important now is what happens next. And because we had such a nasty pull into the clothes and a bunch of inverted hammers, like I said a few minutes ago, we're gonna need the market to do the heavy lifting for us, maybe get a little bit more information, maybe get so much more clarity after the 10 o'clock channel. And remember, the key is to let the market speak to you. Okay, don't tell the market what you need it to do. Listen to what the market tells you it wants you to do. So guys, have a great night. Stay blessed, stay healthy, and we'll see you all tomorrow. Take care.