 Tesla rested for about five days after its last move and despite being up 96, 97% going into today's trading day, apparently. 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. Leaving everybody, welcome to another edition of the Access to Trader.com Nightly Wrap-Up Show. Hope everybody is doing well. Please like, subscribe, share. Tell a friend, tell a friend, right? More important, please continue to support. Again, we will try to give you as much in-depth, unbiased opinion as possible. So here's another example. In case you haven't figured out the theme of what's going on in 2023 or when a market becomes toned up to bad news, here's another perfect example, that it really does show you that you don't need to make sense of this market. I think a lot of people spend way too much time and have way too much time in their hands debating with total strangers what they believe this should happen based on headlines. Headlines are headlines. Headlines are there for you to interpret and see how the mass reacts to those headlines. And here's a perfect example, like we've seen countless other stocks that come out with bad earnings, layoff workers, everything looks grim, and stock price appreciates. Because again, we spent a whole year, 2022, being in full misery mode if you are investors, and you saw the NASDAQ down 33%. You saw the S&P down nearly 20%. And that took a lot of toll. As we said, eventually investors and traders, they become tone deaf. They become kind of numb to bad news. And then stocks that come out with bad news, the ones that have a history, a track record, a history of really good products with really good margins and tremendous growth for generations and generations and generations, they're the ones to get reported. Here's another perfect example. You got Disney, right? They came out the headline, and the initial reaction was, well, wait a minute, how can they lose subscribers? Isn't that a bad thing? And they come out with another number, right? And the number says, well, we just laid off 7,000 workers. Doesn't seem like it's a good thing. And that's the point. Nobody is smarter than the reaction from the crowd. People have their own interpretation of what they think is going to happen. And I think if you use your time productively and just generate the discipline and the patience to trade off the reaction versus trade off the headline, I think it becomes a lot easier to digest. And again, you could save yourself countless hours not fighting which strangers on the internet, right? So here's another scenario, bad, bad, bad equals good. Look at Disney stock of 9% after the close. It's also taking Netflix. It's a pretty good buying. Also is taking Netflix into a little bit of a ride with it. Netflix is up about, Netflix is up about six points after hours as well. And this is obviously giving a little bit of a boost to everything. After yesterday's crazy roller coaster session, and as we saw the market go up and then the market go down and the market go up, like we talked about in last night's video, there was a shot that we had an inside day. Again, if you're a brand new trader, inside day, all it means is the market doesn't take, or in this case, the cues, it doesn't take out the previous day's high. It doesn't take out the previous day's low. It's just there digesting the previous day. And the fact that we had such incredible wide average true ranges yesterday, it's very, very easy how an inside day could be established. It looked really awful this morning, right? It really did. The whole AI giveth and take of the way scenario, right? That's like the hot group out there. Well, as Google how hot it was. So apparently Google has some sort of AI demonstration, a live demonstration of what they thought was going to be kind of a really, really cool thing to keep in mind. This isn't some $2 stock doing this. This is Alphabet, this is Google, right? Just Google it. And apparently the whole live event went to hell in a hand basket when their AI, right? AI, apparently did not do very AI certain things. And not only, and this is kind of what apparently is right now, not only there's nobody perfect as far as human beings go, right? We're all schmucks and idiots. Apparently now robots are not perfect as well. Dramatic move on Google, down about 7.5, 8% throughout the day. It took down everything with it. And all in all, when you look at today's session, you look at yesterday's session, again, from the technical point of view, it's not the worst thing in the world. Where it becomes interesting, right? Where it becomes really, really interesting. And this is where we started seeing a lot of names that had really big runs, like a Microsoft, for example, incredible run. And they were obviously the beneficiary of the Google bad news, because again, they have their own AI, like pretty much every company does now as well, or at least developing them. But their initial push was very, very strong out the gate. Again, we'll get to the individual pivots in a second. Again, I apologize. E-Single just has these random wicks after hours and pre-market is so damn annoying. But Amazon, excuse me, Microsoft had a big push at the open, along with a lot of really strong stocks that we highlighted yesterday on the video. We talked about AMD. We talked about Nvidia. And one of the names we finally said, hey, is this finally gonna be day for Tesla to break out? And Tesla did break out, right? The problem with this breakout, and again, I wanna use the word problem very, very loosely, it broke out on the wrong day, right? Tesla rested for about five days after its last move, and despite being up 96, 97% going into today's trading day, apparently, if Tesla would have broken out yesterday, the day before, the day before that, we would have been having this conversation, I think at North of 210. But today was one of those days that it did break out, did very well. This is the highest close in this whole formation, going back all the way to November the 14th. And if you see the option flow coming into Tesla, this is kind of what we always talk about, option flow, option flow, option flow, even when the market was selling off today. And at one point, the queues were really, just really getting hammered. They were coming for the 210s, the 215s, the 220s. I saw some 233.5s. I saw some February, excuse me, March 250 calls. So the institutional money flow was definitely kind of putting the blinders on as far as weakness today in the market. And really, you know, propelled Tesla to higher prices. As you can see, it stopped right, again, right at the channel here, off this 202.33, I apologize, 203 level, which is the high in this whole formation here, whole formation here, going back to November, and that's exactly the high of the day. If Tesla, again, shakes off some news and shakes off some weakness tomorrow and starts rebuilding today's channels, again, depending how aggressive the option flow is in the morning, we could see a move to 206. We could see a move to 213. And the way they were betting this 220 level is going to be very, very important if Tesla obviously wants to stretch anything into weakness. I think tomorrow in names like a Tesla, despite, again, being up over 100% in a month, the market is speaking, the market is driving stocks higher, and you can see that this morning with early pushes in some very, very strong names. And again, here's the pivot feed, here's the pivot feed from this morning, again, 199, tell me if you heard this before, right? We've told them at the 199.200 level for a week and a half now, right? 199 rejected twice, needs to confirm the whole planet, right? We've actually joked around, the whole planet is watching that. Even my mom called and said, Dan, we still like this 200 pivot. Yeah, we still like the pivot, right? If it stalls out at 200, then use break even as you stop as we all know, retail piles in, and there's always the last reaction. If it starts going, you can see the 210, 220s weekly calls coming in, especially Monday. Tesla, nice move today, really nice move today. We started buying this thing on the previous days high at 217 and a half, 18 level confirmed, added more through the 199 level, traded all the way up to that 203 level, and that's where it stopped technically. So really nice trade, continues to be a nice trade. Look, if it bases out tomorrow and it holds, I do believe we could see 205, 206 initially, and if it really starts getting extended, who knows? Maybe we could get a stronger move into that 212, 213 level. We'll see, we'll see here. Obviously I put in this pivot on Google before the AI news came out, one away 20 meets the build, obviously it came nowhere near that. Meta, 193, 80 needs to confirm, obviously never got there. AMD was really surprising today, really, really nice move today on AMD. 8630 needs to build, here was AMD, right, really nice move here. So it took out this 8630, we talked about it last night on the video, here's the 86th whole 30 range, and it stopped right at the top of supply here at that 88 level. So nice move, really nice move on AMD. Congratulations to you guys who caught it. ZS went only up a dollar, ZM didn't confirm. There was a pivot that I forgot to put on the feed, but we broadcast this thing, everybody here is the pivot anyway. There was a pivot there for experienced traders, the 225 and change pivot on the video, they ran up a couple of bucks really quick. Microsoft did really well for experienced traders, 273.60 needs to confirm for more upside. Here was Microsoft, right? So it took out this opening range, this whole, you see this whole area here, 273.60 and traded up to the 277 level, really nice move on Microsoft before it gassed out and got tired. Coin never got up to the 76th level and I believe that is it, right? I believe that is it. So right now you're getting some spikes here in a lot of names after hours, Tesla is up about a buck after hours, you're seeing again a strong move on Netflix, but the key again, kind of going into tomorrow's session. Again guys, the volatility here is getting very aggressive, right? The one thing that we don't want as traders, at least I don't, okay? I think a lot of traders, they confuse the word volatility with average true range. We trade beta, right? That's 90% of all my trades. And average true range is a stock's breakdown of its channel to channel measured potential. Volatility is what you saw yesterday, right? Volatility is when the market goes up and down, up and down, up and down. It's all fun and games until things get volatile, right? Traders use the word, we love volatility. No, you don't love volatility. That's called anarchy. That's called, that's gold being pillaged. You know, you like average true range. You like to have the ability for a stock to really expand, to have measured potential. When you get to volatility, that is violence. That is like the purge, that's everything that you cannot control on a day-to-day basis. Just imagine what trading a Fed Day is. Just imagine trading that every single day, right? That's violence. Who the hell wants to trade a market that goes up aggressively, it comes back down aggressively, you know, micro-managing every single position, trying to scalp these things for 10 cents. We're trying to get dollars. We're trying to get a big measured move. So when you see that type of volatility come in, you want to be a little bit more reserved. So the last thing you want to do is continue to push in strength and names like NVIDIA. I love NVIDIA. NVIDIA is one of my favorite stocks, Microsoft. They had their runs, right? Wait for stocks. Like I've been saying, for years and years and years, wait for stocks that are just coming out of ranges, whether they're consolidation ranges, whether they are continuation ranges, whether they're just natural breakouts. Again, like we say all the time, at least you're jumping off an area that you can survive. When you buy Microsoft in orbit, NVIDIA in orbit after this run, it's very, very tough to have a very reasonable safety net. And that's a very important level when you are trading. Again, the most important part is identifying risk and making sure those levels get confirmed. And if they do lose those levels, again, it's a scraped knee, not a severed head. So that's it guys, that's it. We're trying to, we are definitely watching both sides of the market tomorrow. If this volatility continues to kick in, you want to make sure that both sides are covered. I still want to watch just in case, you see the bottom of the range here, we talked about this last night. I still want to watch this 302 level in case they decide to pull the market tomorrow. Because if they do decide to pull it, I like this 302 level. If the Qs lose that 302, we could get downside. Amazon continues to look like crap. It came out with earnings, continues to look like garbage. I'm watching the bottom channel here. I'm also going to watch Google tomorrow on the bottom channel here in case it loses this rising support in the 20 day. If there is indeed a second day of selling in Google, obviously to the upside, you have Tesla. Let's see if it could continue this upside push into this 206, maybe 212 level. Netflix, let's see how it reacts to Disney. Disney coming off a little bit here after it made its initial high, so we don't know by the time you see this broadcast, maybe Disney's still up 8%, maybe it's only up 2%, who the hell knows? But again, I tried to record these videos before my kids start their events. I have to take my daughter to basketball practice right now. So again, the key is every single day, no expectations, right? No expectations guys, if you put in your work the night before and you do your research, you are prepared. So no expectations equals no disappointments, that means you're not emotionally attached or emotionally sensationalizing what you think is gonna happen the next day. Let everything play out organically, wait for the channels to confirm and when they do confirm, strike with extreme confidence, strike with extreme prejudice and strike as you are a professional. Guys, God bless, I will see you tomorrow, tomorrow's Thursday, so there is no video on Thursdays. That's my day to kind of rest. If you are joining us tomorrow in the live webinar, I look forward to working with you. Guys, God bless and I will see you all soon. Take care.