 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 evening everybody. Welcome to another edition of the AccessToTrader.com nightly update show. Hope everybody is doing well. If you are branding to the channel, guys, just take a second out of your day, like the video, subscribe, come aboard, and join us on this road to never-ending learning, right? Never-ending learning and never-ending goal. There is no pot of gold at the end of the day. It's just one day after the next. A good day is being a day in business. So, quick update today. I have to take my son to basketball training. Just want to give you guys kind of a little bit of insight what I'm thinking of, especially in the next trading day. Pretty, you know, pretty bland day today in the technology world after a big four or five day run. We're going through a little bit of a holding pattern, a little bit of distribution. If you look at a bunch of names, you'll see summer green, summer red. That's very healthy. That's a very healthy organic market. Today the QQQ's tested back the five-day moving average and health. Where it gets a little bit dicey, this is kind of where we always talk about, you know, understanding the lines in the sand. It gets a little dicey if the QQ starts giving back 435 on the close. That's when you give yourself a little bit more of a safety net, especially if you are trading a book. Right now it looks really, you know, just fine, just fine. It's in a holding pattern right now and we'll go through individual names. We'll kind of see on individual stocks right now. If you look at the semiconductors, which have been really fueling the fire to this market, although the last three candles closes were lower than the opens. This is what a red candle is. They're still holding firm. They're still holding firm and because the video is holding firm, you know, AMD is holding firm. Again, the big number here, and this is a number you should really write down and have a reminder, is going to be this 206 level until they breach the 206 level. Again, this is deemed as a potential rest. S&P kind of mirror today the NASDAQ 100. Just like the QQ's back tested, touched, kissed the five-day moving average and balanced. The spies did exactly the same way and the Russell, right? The speculation, money in the market. It's not like the others. This is actually plain catch-up and the big number here for a really big, aggressive speculation, money, potential inflow on a lot of smaller mid-cap names is this 20550 level, right? And that's the highs from December 27th. That's kind of a snapshot of the ETF, of the ETF world. If you go, again, trade by trade, if you go name by name, let's go through them really quickly. Tesla, again, no man's land. Absolutely no man's land. Just when you think the stock is going to break down, right? It holds the bottom range and rallies. Just when it was about the rally today, it gave pretty much everything back and now it's back in the middle of the range. Again, it's a little bit annoying. It's still very tradable today. Today, for example, we had at the open, we didn't buy this thing on strength. I waited for a pullback, enter rises for a nice $3 move on this thing, but it's very aggravating. I speak to a lot of traders and they're like, well, this is not the same Tesla. Of course, it's not the same Tesla. We're below supply. It's very, very common for a stock to be below daily supply to act erratic. That's the whole point. I don't care the next move on Tesla, whether sweet to the upside, to the downside, but hell, and I think I could speak for every single Tesla trader out there, just damage, just pick a direction and go already. Apple, right? Apple was on the verge today of losing the bottom range that we've been talking about for a couple of days. And then all of a sudden a PR comes out from Apple and the PR says we are going to, I guess, unwind our EV dream of having an automobile. And that wasn't the big kind of fuel to the fire. The fuel to the fire was, well, I think we're going to concentrate now on AI, obviously. And if you see what happened to Apple right around two o'clock today, just went out of its mind. The problem with Apple is the chart sucks, right? Just like the way on Tesla, it's below the 50-day moving average. The best we can hope for is maybe a day to run. Today it got rejected at the 150-day SMA. Maybe tomorrow it reclaims back the SMA and gives us a second-day run to maybe 85, 86. Again, not a huge type of potential in the stock. Again, just like Tesla, that's what happens when stocks are sitting underneath a daily supply. Amazon kind of mirrored today the NASDAQ 100. Again, not really just giving that second big move on earnings, but today it went down to the five-day moving average, held, bounced. We'll see if it could hold the five-day tomorrow. Google, again, today gapped up into supply. Some of you guys took the rejection. What came in about $1.40 held this Bollinger ban and then rallied back on this kind of AI buzzword on Apple. Meta, again, one of these conundrums, or why hasn't Meta handled that second-day run? Today at least it reclaims back yesterday's channel. It'll be curious to see tomorrow if it could confirm today's channel and start moving higher. Ironically, last week we saw some 500 calls, short-term expiration, not so much. Again, it's just very, very odd that these mega cab beta names are just not giving that second, third, fourth push after earnings. A name like Square or Block, right? They changed that into Block. Had a big earnings run, came back in for a couple of days, put in a higher low, a higher low, and a higher high from yesterday. We'll get an eye on this thing tomorrow or the next day. If it could start reclaiming the last two days' channel, maybe it goes back to the earnings highs, something definitely need to keep an eye on. AMD, again, AMD held the five days just like everything else. A little bit of a no-man's land here. It's going to need a little bit of work here to reclaim the previous days' channel, but something definitely to watch. And last but not least is NVIDIA, right? NVIDIA, NVIDIA, potato, potato, whatever you want to call it. This is the stock we're talking about. The reason why I say sometimes NVIDIA, that's the call letters, NVDA, right? I think I'm not stupid. I might be a little dumb. I'm not stupid though. So sometimes I pronounce it NVIDIA. Sometimes I pronounce it NVIDIA. Potato, potato, tomato, tomato. It's still the same stock. Again, big, big move on earnings basically just rested the last couple of days. The key with NVIDIA is if it starts taking out the previous days' channel, then it's going to finally wake up. Right now it's just still going through this distribution mode of its latest earnings release. Where it gets a little dicey is if it starts losing the five and the 10-day moving average, that obviously will shift our attention to the short side. Because again, if they do lose the shortest sentiment of five-day support or a 10-day support, then yes, we're going to have another leg down. I want to tell you guys a really funny story. So a buddy of mine today, a buddy of mine today that none of us trade SMCI. So a buddy of mine today shorted SMCI off the 8.24 breakdown. The stock goes down 10 points. You guys saw it before. You guys are traded today. The stock goes down points, 10 points in a matter of, I don't know, eight seconds. And the stock rips back, comes back in, rips back, comes back in. The guy winds up making literally like $1.50 on this whole move. And he texts me. He goes, I'm never trading this piece of shit again. Enough said. Again, guys, not everything is for everybody. Again, some of us are not getting old, not getting younger. And stocks like this with a 10-point range with 100 share liquidity with $2 spreads is just not for us. Hey, you know what? The longer it consolidates and consolidates, and if it starts reclaiming back today's channel, maybe it gets a little bit more organized. Maybe it gets a little bit more slower in its approach for potential deceleration to the downside. We'll see. We'll see. We'll see. But again, guys, again, you don't need to trade what everybody else trades. Feel comfortable in your own skin what you are comfortable in doing. So let's talk about today's pivots. Again, we were watching for Apple. The news came out. Obviously didn't confirm. We were watching for ARM. Never came in. Google, again, took out this $37.40. But after the rejection of the $38.40 came all the way down to $37 and held. Qualcomm, nice little move on Qualcomm. $158 needs to build. Nothing crazy. It took out $158, went to $59 and change. And this is the highest close in this whole formation. Again, it's not a sexy story. We were watching for this 205, 205.40 highs. That's literally where it stopped today. But we got this thing on a dip today in the 201.40s. Nice pop back. Again, very disappointing the way it's trading. SMCI, this is exactly what we talked about. $824 lining the sand. It went down $10 literally in about eight seconds. And nine seconds later, it came right back up. But again, got to watch this thing for the downside, especially if there is more distribution in the entire market. This was definitely the one today. Carvada, $76.33 needs to build. Again, this is the earnings highs play. You have a catalyst. You have everything good in the world. So it took out the catalyst of the earnings high of $76.33. Went all the way up to almost $83.50. Huge move. Congratulations for you guys who caught that as well. And Google. Right, this is basically congratulations for you guys who rejected it at the 60 minutes supply. You got a dollar fade. It was actually a $40 fade. But here is the initial 60 minutes supply where it got rejected. And that was right over... No, where was it? Right over here. It was off the 60 minutes supply. It got rejected and came in about... Actually, excuse me, right here at 38.30s came in about $1.40. So again, decent day, nothing crazy, nothing dramatic. We want to see how more if these mega cap stocks continue to rest. Is it possibly having one more orderly kind of patient day tomorrow? Yeah, but again, there's always something to do. Let me give you guys some ideas for tomorrow. Look at Disney. Disney looks interesting. It stopped right at the 10-day moving average, got rejected. If it could reclaim back to 10-day moving average, maybe Disney wakes up. Square, like I talked about a couple of minutes ago, it just needs to reclaim the last two days of the upward channel. I think there's a shot that starts waking up to the upside. Meta, like we talk about all the time. It looks like it's ready, right? Every single time we talk about Meta is ready. It goes up two, three points and then kind of dies. Is tomorrow different? We'll see. We're going to watch tomorrow's today's channel for tomorrow. And Nvidia, let's see if tomorrow it wakes up. I'm guessing Nvidia is going to wake up somewhere around Wednesday, Thursday, if it's going to wake up at all. But again, so far a really good distribution on this last run on earnings. That's it, everybody. That's it. I tried to cut this a little bit short today. I got to take my son to basketball training tomorrow. Again, new day. Come in nice and calm. You don't need to trade every day. You don't need to be stressed about anything. You don't need to guess. You don't need to fight with total strangers on social media. Where do you think a stock is going to go? Guys, it's simple. It's simple, simple, simple. And what I mean by that is a stock could only go higher if it takes out the previous day's supply. Stock could only go lower if it takes out the previous day's support. That's it. Nothing in between. Everything else is conversation. Everything else is noise. And everything else is banter. Where you move the banter, you remove the noise. All of a sudden you start thinking clearer. Guys, God bless. And I will see you on the field tomorrow. Take care.