 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 Access to Trader.com Nightly Wrap Up Show. Everybody is doing well. I hope everybody survived this sleepy day. We'll get to that in a second. If you are brand new to the channel, guys, please, we appreciate your support, your viewership. All we ask in return is a like, a share, and some friendly comments to refer people to this channel so we can get to this journey together of unbiased technical analysis. So that spiel is done. Let's talk about the markets. I don't know. Was there National Beaver Day? Was it, I don't know, is there a holiday that we didn't know about today? We could have literally, I think, shut down our computers within the first 20, 30 minutes of the day. And then if you logged in around 3.30 for the second part of the day, maybe you would have caught the movie. It was a very, very slow day today. After the last week's very, very aggressive action, if you were watching this channel and kind of know the symptom nausea, we've gone from the bottom of the range to the top of the range, back to the bottom, back to the top, only to go back to the bottom. The volatility definitely died down today. I think everybody can agree with that. The problem was not only the volatility died out, which was actually a good part, the volume dried out. And the range has got really, really tight, very, very narrow, especially if you trade in the technology mega cap beta space. And you woke up this morning, you saw a lot of big disconnect. Microsoft was up four or five points pre-market. Google was down four or five points pre-market. The video was holding up and D was going down. It's kind of what we talked about on the weekend video. A lot of disconnect on the market. And we thought, well, let's see if we could actually get out of this channel and get out of this doldrum today. And unfortunately, we did not. Unfortunately, we did not. And it's not that there was an opportunity. We'll get to the pivots in a second. There was some names that did really well. Ian, if you guys remember ETNB we discussed from last night's video, had a really, really big aggressive run. Microsoft, there was nice little cash flow push there as well. AMD broke down. We talked about AMD from last night's video as well. But other than that, man, just bland, just extremely bland. Nothing really going on. Listen, is it possible buyers are sitting there, sellers are sitting there waiting for Netflix to kick off the earnings season? We'll get that answer tomorrow. They report tomorrow night followed by Wednesday on Tesla. And speaking of Tesla, if you watched, just to give you an idea how tight everything was, this was the whole day of Tesla, guys. This was literally the whole day. It gapped up, sold off, and four hours did nothing. And the last hour or so kind of woke up. And that's so you can see that with the rest of the market as well. Again, very, very anticipated. One of the very anticipated earnings reports will be on Wednesday. They tried to rally today a couple of times. Obviously, it's going to need to get above the 50 day. I don't think that's going to happen before earnings. Obviously, there's going to be a line of the saying, going into earnings both to the bottom and to the top side. But until we get that, we have to kind of survive tomorrow. And I don't see, again, I could be very, very pleasantly surprised, but I don't see what's going to get us out of this range tomorrow. There's no Fed meetings. There's no data coming out. There's nothing. There's nobody speaking tomorrow. So I don't know. I really don't know what's going to get us out of this channel tomorrow one way or another. But every single time in the same formula has been the last X amount of days, you see the market is drifting, drifting, drifting, drifting, and get that last rally when everybody's already logged off after 3.3.30 to kind of close it and look like it was a decent to average day on the upside. If you look at the Dow up 100 S&P up 13, Nasdaq was up 34. This is the most lifeless 34 points I think I've seen in the market in a very, very long time. But I do believe though in the next couple of days, because again, I don't want to call this a distribution channel because it's not, distribution usually takes place from the top when the market's kind of topping out or the bottom where the sellers are getting tired. This is more of, well, let's see what happens, right? Let's see what happens to type of channel. And the one thing I will say, excuse me, the one thing that I will say is these channels, this type of sequence that doesn't last for a long time, you know, four or five days, and then there's some sort of event that usually takes us out. Hopefully now that we were kicking off earning season in technology, hopefully that will be the catalyst to get us out of the range. But I think going into tomorrow, again, like I've been saying every single day, you know, I think scalp, man, scalp, try 50 cents a dollar, dollar and change, use break even as you stop. Again, I don't think you're going to get 200 opportunities tomorrow because everything is so congested into these contraction channels. But I do think every single day will provide opportunities. Like, you know, Microsoft today, that ETMB, again, we'll get to the pivots in a second AMD, but you're not going to get everything going at once. And that's exactly what we need. What's happening right now is called kind of the Christmas tree effect. You get some, you know, some technology stocks are green. Some of them are red. That's the Christmas tree effect. We don't want that. We want everything to be the green or everything to be red to kind of move as one, move as a unit, move as a tribe. And again, God willing, hopefully we'll get that after Netflix and Tesla reports. So going into tomorrow, you know, I'm kind of dealt the neutral again. Like I said in last night's video, you know, you want to give the bulls the benefit of the doubt. The only, you know, the only short channel that I saw today was actually over the weekend was AMD that hit the 50 day moving average perfectly. But everything else is kind of really knee deep in the middle of the channel. So the best piece of advice I can give if you are trading, especially if you are trading, especially a new trader, you know, see, you know, wait for the premium channels to develop. If you're an experienced trader, you know, you could take advantage of these channels, you know, get some cash flow, manufacture some runs. But I wouldn't be pressing, I wouldn't be pressing until we saw some very, very clean daylight. And when you look at the charts, especially going the tide, you're not going to get a million clear channels. If that was the case, then everything would have been rallying towards the top of the range. So let me give you guys some ideas for tomorrow. And I'll give you guys, and I'll give you guys, you know, show you guys some of the pivots that kind of worked out. I'll just show you all the pivots. Nothing really didn't work out. It was just a very, very slow day. Let me give you guys a couple ideas for tomorrow. Shopify looks really good. You know, keep an eye on the Shopify. Some $50 short-term expiration started popping. This is definitely one of the cleanest pockets that we do see. Another name that definitely looks starting to get pretty good, NVIDIA. You know, NVIDIA had, you know, had a nice little, nice little consolidation to the rising 20. Some news with Tesla watering some chips, or at least one into it, watering some chips on Friday. And again, don't let it fool you that the video closed at the high of the day. This took place literally, literally, this whole big spike here you can see here above the 269. It literally happened in the last five, 10 minutes. I don't think for a second that, you know, in the video it took out yesterday's channel and just exploded. No, it literally happened in the last five minutes. And it's really deceiving when you see a lot of the prints, but it does look pretty good. XPEV, one of these Chinese EV names, setting up pretty well here. You can see this whole channel here. That looks interesting. And another stock, I believe it's Chinese as well. I'm not sure. I could be wrong. I have no idea. I could be wrong. But this EH, I don't know if this is, looks very, very strong. We claim the 50-day moving average today. And if it starts building above that, maybe it starts confirming back up to higher prices for tomorrow. Everything else in beta land, kind of in no man's land. Microsoft, you know, was a decent pivot today. Stopped short of, you know, the 2023 highs. Maybe it wakes up tomorrow, right? Maybe it wakes up tomorrow as well. But other than that, you know, things are pretty tight. The good news is you don't need to force anything. You don't need to trade every single day. You don't need to be in positions nonstop. Just kind of take a step back and just kind of view the landscape, right? When the market is congested and resting, you want to rest. When the market gets aggressive and everything starts trading to the top of the range or the bottom of the range, you want to join that view and start pressing in that direction. So again, going into tomorrow, you know, I'm open-minded. I really am. I'm open-minded. But I do also understand that, again, we might run into another congestion channel. The good news is that congestion channel will be gone within the next 24 hours because Netflix will definitely have an effect of prices, especially in the technology space, either going up or going down after their release. So let's talk about today, right? Nothing really extraordinary. As like I said, 269 needs to build. It got rejected. It put its initial opening range. It got rejected off that 269 level. And you can see here, like I said, towards the end of the day, literally in the last five minutes or so, I mean literally, this is the last five minutes or so stock, you know, right off the dollar. So I like it for tomorrow. We'll see how it plays out. So BUPK is there. Skin attempted to come out of the channel. Not bad. You know, this is definitely the highest close in the whole formation. Still looks pretty good. This is definitely the biggest mover. We talked about this thing last night on the weekend video. ETNB 1560 needs to build. Here was ETNB really, really strong move. Took out the 1560 trade at the 17 and change, considering on this day when it was a very, very, very nice move there. Lulu Lemon didn't hold its earnings highs. I traded up a couple of bucks. 321 needs to build. We talked about Lulu last night on the video. Again, ran up about two bucks or so, you know, two and change, then crapped out and never recovered. Again, I don't know where the volume is. I really don't. AMD 9050 if it builds below can flush. AMD did exactly what it needed to do. It took out the 9050 trader right to 88 to the 88 rising 50 day support, which obviously has to be an important level. Tesla 182 never got down there. Note 284 never got down there. This is literally the first trade of the day, Microsoft, and this literally, you could have literally logged off between this and ETNB. You could have literally logged off after the day. 290 rejected twice, needs to build. Not a bad move at all. 290 traded to the 291 60s very, very quickly. The market reversed and so did it as well. And I believe that is it. Yeah. Amazon 103, 120s traded right into supply and never gave a second entry. And I believe that's it. That's it, man. That's the wrap up. I think, you know, I think you could sit there and try to bang your, you know, try to bang your head against the wall or trying to figure it out. There's nothing to figure out. The market's going to the digestion. You either take two courses of action. You sit there, complain, or just wait it out. It's going to be over in the next 24 hours. And we shouldn't go back to normal organic ranges. And as soon as they do, hopefully everything starts to expand. So guys, have a great night, everybody. God bless. Stay healthy. Stay happy. And if you are trading, stay solid. Take it easy, everybody.