 This is one of the very few technology names that are above supply. That was the whole point. Remember, seven out of the hundred companies are above supply, and this is definitely one of them. So, Apple. 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 the AccessaTrader.com nightly wrap up show. Hope everybody's doing well. Quick update, then I gotta go to a basketball game. Again, basketball games coming out of my ears. My daughter, my son, my poodle, I think is on three teams. I don't know, but it is what it is. Anyway, so let's talk about the market really, really quick. You got the Dow, putting up a big number today. You have the NASDAQ, putting up a big number, but the only problem is again, we're still in this range, right? This is a nice range that continues to stay in that range and continues to go up and down, up and down, up and down. The only good thing that I definitely like what we saw today versus how we saw the last several days of being in this range is number one, they continue to fight. Every single time there was a headline where there was Biden, whatever the case may be, they continue to fight and ultimately reclaim the five day moving average. Again, we're not out of the woods by no stretch of the imagination. The big number here is still, right? There's still this 200 day moving average above 366, but this is at least the first time in the last four sessions, you could see it rejected off the five, defended the 10. This is the first time in the last four sessions that this is the highest close in this whole formation. You see this guys? This is the highest close. 359, reclaim the five day moving average the first time in the last three days versus the last three days is basically getting rejected, right? Getting rejected and moving towards the bottom of the race. That's a good thing, right? That's a good thing. The broad news is still we have to reclaim the 366, but again, nothing gets reclaimed at higher levels before we could reclaim lower levels and that's kind of where it is. And the majority of the day you saw really muted action like nothing really went on. TMUS, we talked about last night in the video finally confirmed earnings highs had a nice move higher. You know, there was a nice pivot at the open on Tesla not a big move at all, not a big move at all. And again, we weren't looking for anything big, but here's the pivot right here. It took out the low of the range, went back down to the bottom, you know, a little bit of flow here and there, nothing crazy. Facebook tried to go green again today only to get stuffed again. After hours, you got Chipotle with a pretty good, you know, with a pretty good earnings they're up about 7%, 8% after the close. Lyft on the other hand had a really nice chart going into earnings, guided lower, right? Guided lower on their conference call, but again, not that bad of a earnings call. Excuse me, not that bad of a move reaction to lower guidance, but nevertheless, it's still down. So it's gonna be very, very interesting to see tomorrow if the bulls can build on today's moves. And the one thing we kept on reiterating in the webinar, and I'm kind of reiterating now, this is not a market that you buy and hold right now, right? And again, I don't wanna have the whole conversation. Well, if you buy right now, it'll be okay in five years. Yeah, maybe you will, maybe you won't. So conversation for another time, you know, again, everybody understands the ramifications why the 200-day moving average is very, very important. You could take my word for it or not, but the point is if your stock will never go higher, if it can't reclaim the 200-day moving average, and if you look at history past, not every stock ever does. So it's very, very important to understand that fact. But again, everybody's an adult, you're a dime, you're a dance floor. You could feel free to buy stocks wherever you want. I'm just giving you my humble opinion, but at least for tomorrow, when you look at the leaders, right? When you look at the technology leaders to see where exactly they close, they can give us a move, right? Not, you know, maybe not a 20, 30, 50, 80-point move. Like we see really, you know, very aggressive bull markets. But if you look at charts, how they set up towards the end of the day, you can see kind of where I'm at least optimistic if the market confirms tomorrow we can have moves and check this out. So you got in the video, right? You got in the video here. This is the highest close in this whole formation at the last three, four days, right? And the video could confirm, again, we saw 257.50 calls for the last couple of days coming in, if they could confirm, hey, this is, well, this is where they're getting the 257.50 level. It's an area back at the supply. So we got to keep an eye on the video. A name like Andy is, you know, looking really, really good. It's a stone throws away from its earnings highs. If they could confirm its earnings highs, maybe this thing goes, right? Look at Apple. You're starting to see a little bit of blue skies. It's a lot better looking than a lot of the technology names. Because again, this is one of the very few technology names that are above supply. That was the whole point. Remember, seven out of the hundred companies are above supply. And this is definitely one of them. So if Apple could confirm this whole channel here, hey, maybe it starts moving higher. We saw a bunch of 75, 80 weeklies coming in. Maybe if the market has a day to run, the money flow could extend into Apple. Amazon, even though it had this impressive, you know, 500 point reversal a couple of days ago into earnings, keep this in mind, they got rejected off the 50 day moving average. But if they reclaimed the 50 day moving average tomorrow, again, do I think it's going to be another 200 point run? No, but I think there's a good chance that we could get a pretty decent vibe, right? A pretty decent wave for the next supply zone. Maybe going all the way up to the earnings highs of 3,300, right? Very, very possible as well. So there's a lot of names like that. Even Qualcomm, even Qualcomm to kind of stick to the semiconductor theme is, you know, maybe one day away from getting above this whole channel here to kind of reclaim supply, that would be good as well. The one thing that we don't want to do, okay, is get lazy and get complacent and start making predictions. This one's going to go there, that one's going to go here. Again, it's the easiest way to kind of get yourself, define yourself, not trading, okay? Predictions, and this is what's going to happen five years from now. We don't know what's going to happen 30 seconds from now, let alone five years from now. So the idea that you're making these, you can make this arrogant, well, you know, Tesla's going to be at 5,000 next week. Okay, maybe it will, maybe it won't. But again, we don't know, right? So it's all speculation. So here's again, we don't trade on speculation. We don't trade on guessing. We trade on facts. And speaking of Tesla, although it's not out of the water, right? Not even close to green, you know, green pastures, at least we could see a channel brewing, right? Look at the 60 minute view here. At least we could see a channel brewing here. And maybe it doesn't go back to 1,000. But the point is there is a channel here. And if it could confirm and take out this whole channel here, maybe this thing wakes up as well. The one thing that we did not see today, as good as the market closed in, this is the highest close in the queues, like I said in the last three, four days, the one thing that I really did not see today is big option, big option flow, right? Big aggressive call buying, as impressive as it was, especially after Biden's speech, that the bulls kind of reclaimed back the five day moving average. It was very suspicious that we did not see a lot of call buying, a lot of near term expiration, a lot of out of the money expiration. So it does really feel like, I think the majority of traders, and again, I speak to a lot of traders every single day. I mean, I grew up in this business with a lot of really good guys. And everybody's still waiting for that big green light to kind of get out of this whole channel here, back to the upside, or get out of it below. So this area here of 362 continues to be kind of the green light for the bulls. Although, you know, although we'll see, it's been three times tested that area that it's been rejected. Maybe tomorrow's finally the day they go through. We don't know, we can't speculate, but at least we have a course of action that we know how important that 362 level. We also know how important this 352 level is that the bulls defended now three, four days in a row. And now it's time to see what individual stocks could actually wake up, right? Confirm their channels. Remember, we're not looking for massive, massive moves because again, we don't have enough daylight. We don't have enough clear views without supply. Most stocks are still sitting way below their supply, but you can definitely get trades, right? You could definitely, there's a 20 point channel in Tesla. There's a six point channel in the video. There's a five point channel in Qualcomm. Obviously AMD has a big channel as well, if it expands. So there's definitely room to get the job done, but the most important part is they have to confirm. Guys, have a great night everybody. God bless and I will see you all tomorrow. Take care.