 We came into this week up four, four and a half percent from 2022, so we're not overboard, which is a little bit overextended. And that's why you see right now a lot of stocks kind of resting. We're catching up, they're catching their breath. 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, meeting everybody. Welcome to another edition of theaxisandtrader.com. Nightly wrap up show, hope everybody is having a great day. Hope everybody had a great long weekend. Again, happy belated Father's Day to all who celebrate the wonderful job of being a parent. So let's talk about the market. Look at the indexes today, right? You had the Dow down 245 points, you had the S&P down 21, and you had the NASDAQ down 22 points. And when I tell you nobody cares, nobody cares. At one point the bulls actually just started kind of like, they didn't wanna show any interest today. And the first three, four hours in a day, everything was just kind of like just drifting lower, drifting lower. At one point, the NASDAQ 100 actually lost the five day moving average. That was obviously a really kind of a big deal. And it didn't look like the bulls just wanted it to put up any type of fight today. And then lowly hole, right after lunch, things started firming up. The Qs reclaimed the five day moving average. And the reason why that was such a big deal, we haven't closed below the five day moving average since all the way back to May 23rd. So you're talking about almost a month that if we were to close below the five day, it would have shorted, excuse me, it would have, for any slip, it would have provided a sleast, a short-term sales thing, a level of control of the five day usually has control of short-term sentiment. But to give the bulls kudos once again, they reclaimed back the five day moving average. And not only did they reclaimed back the five day moving average, the usual suspects just kept on going, right? Tesla got stronger. It's trading up another three points after hours. Nvidia, again, looked like it tested the five day moving average, woke up today in the afternoon. Just look at this move, just from lunch, right? This is a move strictly from lunch. It got back above this 432 level right before I left, I took a half day today. It was my daughter's birthday. It reclaimed back the sneaky pivot of 432.30s, put up a $6 bar into the close. But the most interesting part about today's session was not the beta names. The majority of beta names were kind of weak the whole day, you had Microsoft, you kind of go through the whole thing, Microsoft Red, Google, Apple, Roku, Intel, AMD, all red. Meta had a very strong session today. And again, another perfect example, holding the five day moving average, defending it, running back up. But it was the smaller names that made kind of an impact today. It wasn't, what I mean smaller names, I don't mean $2 stocks, but names like Mara, right? If you look at Mara, and I'm sure a lot of you guys who trade in this price range, probably noticed the stock putting in a base for probably about a month and a half, two months. It's been in a long, long base. This morning, it's starting to perk up a little bit, didn't quite get to this breakout channel. And then finally towards the afternoon, it got really, really aggressive, finally getting above this 1070s highs and closed right at the top of the channel here. This is literally the highest closed in this whole formation, including the highs from April. So keep an eye on Mara for tomorrow. Names like Riot, right? Names like a Riot that again, maybe some of you guys don't trade, but this is again, one of those Bitcoin adjacent, right? Type of friends, Mara exploded. Look at Riot, right? One day, it's one day away from reclaiming the 50 day moving average. You guys know what happens. Look at the last time here when Riot, right? The last time they reclaimed the 50 day moving average was on January, February, March the 13th. And from March the 13th, all the stock did was go from 635 all the way up to 414, 42. So we are right at the 50 day moving average. If Riot can reclaim the 50 day moving average, again, I'm not saying the stock's gonna, is gonna 3X within a month and a half, but this is a significant level. For all you guys who've been kind of watching this broadcast for years, you know the significance of whoever has control of the 50 day moving average, well probably has control of near term, not only short term, but near term sentiment. Near term sentiment could be two, three months. So it's a very, very big watch for tomorrow, especially if Mara continues to go, keep an eye on Riot. If they can just get above this channel here guys, this thing could really wake up as well. Look at a name like Space, right? Space apparently, from what I understand, they are finally next week or this week are gonna be doing their retail launch into space. I think it's like two, three, 400 grand, whatever it is. Well, the stock had a big move up on Friday, it faded and today it reclaimed the levels. They came for short term 650, sevens and even eights going to July and August. So definitely, definitely keep an eye on Space, especially if it starts taking out today's channel tomorrow. A name for example, like Rivian. Rivian, I've been long now for several days, multiple entries, but several days, again, not only are they coming, they're still coming for those 17 and a half dollar calls. Nice 5% move today. If you guys remember Friday, it gave us initial move right into supply. If Rivian can reclaim the supply in the next couple of days and start building above this 16, 10 level, who the hell knows? Maybe Rivian finally wakes up. But the interesting part about Rivian, not only were they coming for the 1750s today, at towards the end of the day, I kind of do like a rough draft of some option flow. Somebody bought the August 25s. What the hell are they betting about? But if somebody knows something, this guy's betting the 25s, okay, could we at least get it above $16 first? That'd be cool. The cool part about also today's session was when you started seeing things faded, a lot of stocks started to look heavy. If you look at charts, for example, like an AMD, right? AMD got very lucky today that the 20 day demand was sitting there. Guys, keep an eye on this thing. Again, we always have to be prepared for both sides of the market. Let's watch AMD for the next couple of days because if there is a pull in the next couple of days and starts losing the bottom range here, and man, this thing could get hit, keep an eye on this thing. Google, despite a lot of short term 130 call buyers coming in, this is still holding on for the bottom range. Again, another name we should definitely keep an eye on just in case they pull, whenever they did. Tomorrow, next day, three weeks from now, three lifetimes from now. But again, a lot of stocks, which is as good as some of these stocks have been holding up. There's so many names sitting there weird at the bottom of the range that just can't get off the mat. Again, just something to be wary of. But again, the name of the game is, the bull market is still just absolutely rabid. Tesla continues just to go nuts. I mean, every single day just going nuts in the video. It's literally a race now. Who gets there first? Is it Tesla gets to 300 firsts? Does this NVIDIA get to 500 firsts? Again, we'll see. We'll see what happens there, but the market continues to be good. The key, again, guys, the key what I always say to everybody, don't get blinded by the lights. Don't just start buying ridiculous stocks at different levels and hope for the best. Just wait for these areas of interest, especially with the option flow to kick in. Those are the names that are continuously being lit up. You saw it today with many names, but space, you saw it today with Matt. Again, Matt, where they were coming for near term, 11 and a half, 12, 12, 12, 50 calls. Again, these things are being lit up. So going into tomorrow, let me give you guys some names that I am watching. Again, this updates can be a little bit rushed just because I have to still shower after we have dinner tonight with my daughter. She turned 14, it's amazing. I just remember my son being born at 16 years old and my daughter's 14, getting old sucks, but it is what it is and it's part of life. So let's talk about this. Obviously, Mara, I really like Mara for a continuation play tomorrow. Definitely keep an eye on it. Just in case they pull at the open, this is definitely a candidate for a rising 60 minute trap and go red to green, but if not, we're watching for opening ranges. Space, I definitely want to watch space. Same notes as Mara. If it opens up lower, let's watch for the dip into rising 60 minute support or getting above today's channels. On the short side, right? Look at Roku, right? Roku first closed today below the 10 day moving average. If there is weakness in the market, let's keep an eye on this thing for potential, for a potential move back down and Zoom. Zoom is not usually a name I would look at anymore after the pandemic and the liquidity in this name really died down, but they were coming for some 72 calls so they held up fairly well. Let's keep an eye on this thing. If this thing can reclaim the 150 day supply, maybe this thing wakes up as well. So definitely a name to watch. Other names were kind of all in the middle of the ranges. Amazon, not really here or there. Apple, Apple is just resting, a good deserve rest, but it's holding on to the five day moving average. You got Meta and NVIDIA, Tesla obviously leading the way and everything is kind of just in weight and semo and that's the most important part. When I start seeing, people ask me all the time, well, isn't the kind of the quote unquote, the market top when the smaller crappier starts start waking up? Not necessarily, again, not necessarily. Again, like I said in the weekend update, we might be a little bit extended, but we're never, we're not even close to overboard. We're not even close. Again, where we came into this week up four, four and a half percent from 2022. So we're not overboard, we're just a little bit overextended and that's why you see right now a lot of stocks kind of resting. They're catching up, they're catching their breath, they're getting their feet set under them because if they can't sell the market off in the next several days, then well, yeah, we're going to have another session up because rest always, once a stock rests and starts building in a three, four, five day range when it gets above the range and hopefully option flow proceeds it, you could get a next measure potential move. So sometimes again, you have to kind of figure out price action, sometimes price action kind of just sits there and tells you exactly what it wants to do. The key for me is always watching stocks getting, you know, coming out of bases. And again, that's why I really like this matter, right? You saw I just came out of the bottom of the range here. This is a two month consolidation and the same thing with Riot, right? It's coming off the bottom. Again, all the trades that I'm putting on for the exception of beta names, whether it's bounces or, you know, intermediate channel ranges, everything I'm trying to buy right now is at the bottom range. So example, if Riot fails tomorrow at the 50 day moving average, you're losing pennies. If NVIDIA fails tomorrow on the strength, you can be losing dollars. It's a very, very big difference between a continuation pattern that you're seeing in NVIDIA and Tesla and a range breakout finally multi-week, multi-month. And that's the safest place to always garner an entry. Guys, God bless. I will see you guys tomorrow. Have an awesome, wonderful evening. And with God's help, I'll see you again tomorrow. Take care, everybody. Take care.