 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 TheAccessaTrader.com. A nightly wrap-up show, hope everybody is doing well. If you are brand new to us, guys, like, share, subscribe. It'll help the channel to grow and hopefully provide you continuous, unbiased, daily technical analysis. There was no video yesterday at a last-minute thing at my kid's school, and my wife couldn't make it. So Daddy Daycare always comes first. And unfortunately, there was no video last night, but we kind of go back to Tuesday night's video. If you guys remember on Tuesday, we talked about a pretty big level here on the NASDAQ 100, the QQQs, which is the 150-day moving average, this 350-and-a-half level. And basically, my points were on Tuesday's video, if the bulls can get above that 350-and-a-half level, we could start maybe a multiple-day run. So that's where we are right now. We're in a pretty aggressive multiple-day run. Not only did we reclaim back the 150-day, we got back the 100-day EMA, and we are very, very close. I mean, really, really close getting back above the 50-day moving average. Why is the 50-day moving average very important? Well, if you've been watching these videos for a long time, or even if you haven't, you'll notice two things I talk about. The 10-day moving average is the birth of the trade. Basically, what that means is short and medium term confirmation happens on a moving average basis, both in the five and the 10-day cross. But the birth of a trend, a potential trend happens at the 50-day moving average. And if you look at the 50-day moving average, just in the last X amount of months, you could kind of see the importance of it. So here's the 50-day moving average. This time, we reclaimed the 50-day moving average, and it gave us a run from January all the way to August. What happened in August, we lost the 50-day moving average, and what happened, it gave us a pretty big sell-off. It gave us a nice sell-off in the next two months, and in October, we reclaimed it back. We reclaimed it back, and had a five-day run only to lose it, and only had a three-day run. So here we are, right? Here we are back to the 50-day moving average. So this is the area that you need to write down if you are especially a risk-on-trader. What is a risk-on-trader? I believe if you're swinging anything, it needs to be above the 50-day moving average. If you're swinging something below the 50-day moving average, you're going to have a very, very tough time because there's no guarantee your stock will ever get above. Again, just look back in 2022, how many stocks just never recovered, right? The UPSTs of the world, stuff like that, they just never recovered. So it's very, very important that the bulls reclaim back the 50-day moving average, and that is going to be in the 364s. The 364 level is going to be big because last time, again, you can see here, last time we reclaimed the 50-day moving average, we went on a run from 367 all the way to 374. Basically a 7-point move in three days on the queue, so it's super-duper important. Now here's a million-dollar question. Because we had this run-up, right? Because we had this run-up from 350 to 364, is the market tired, right? Is the market just going to continuously go through the 50-day and keep on going? That's the hard part to kind of determine. We don't know that, but we do know one thing about the 50-day moving average. There's usually a pretty big fight that takes place at the 50-day. Matter of fact, when you look at the fight here, this is a fight for a week and a half over control of the 50-day moving average, and ultimately the bears took control and you saw what happened later, right? When they finally took control, the queues run from 371 all the way down to 356 in a matter of six days, so it's super-duper important. What I think is going to happen tomorrow, if it happens at all, again, we'll get to Apple and some key figures that kind of might derail it for a day or two, but if in case it does get there tomorrow and somewhere in the 364s, there's a higher probability than not they will get rejected the first time around. It doesn't mean it's going to be a hard wall and the market will never go up again. It just means that the first time around, and you can see it even here on the reverse, right? The first time they tested the 50, what happens later? They bounce. They tested the 50 again. They bounce. So here should be kind of the opposite, right? If the bulls somehow can get into the 364s, there should be a level of resistance there, both from the technical point of view, just a rejection the first time around, and to the point of we just had a 1, 2, 3, 4, 5, 6-day, right? 6-day consolidation running gap into supplies is going to be very, very tight. Remember, you could be the greatest world-class athlete in the world, but if you run a marathon that's 26 miles, that's pretty tiring. If you run a marathon at 26 miles and you still feel pretty good, they kind of change the game when you tell you, well, it's not a marathon anymore, it's a triathlon. Now you have to swim for five miles, you have to bike for 10 miles, and oh, by the way, you've got to run another 26 miles. Even the greatest athlete in the world is going to be tired, and I think that's kind of where it are here. I think that 364 is going to be a big battleground, and that's an area, if you want to test a short position on that area, that's probably the highest probability that at least they'll get rejected, at least once. That rejection could be 50 cents, that rejection could be a dollar, like a rejection be $4, or that rejection could be nothing, right? And the bulls continue to fight in that level, and eventually fight across and reclaim and enclose on the clothes, and any clothes above the 364 is obviously bullish, and risk goes on, and that's when you could start building your inventory on a potential swing basis. However, a couple of companies are going to, you know, some companies are going to have something to say. This evening, as you guys know, Apple came out with earnings. You know, here are the metrics. Here are the metrics on Apple. Apple revenue breakdown. The iPhone revenue, they beat. The iPad revenue, they beat. The China revenue, they missed, but I think everybody kind of knew they were going to miss. The fourth quarter wearables, they missed as well. Ultimately, ultimately the stock is, you know, down about $1.50 after the close. Nothing really crazy, nothing really nuts. Once in a while, the stock did have a really nice session, just like a lot of other stocks. It's basically gave back about a half of the day. It's really interesting to see by the time you were watching this broadcast, you know, where's Apple going to be? Because their conference calls me starting soon. You know, by the time you watch this, this thing could be at 380, you know, or it could be at 173. We don't know. Again, I record these videos at around 5 o'clock eastern time before the, you know, conference calls. That's why sometimes, you know, you see a crazier price. For example, last time we spoke about Meta. Meta was up eight points by the time, you know, the video was sent out. Meta was down five stitch-borne. So again, we'll see where Apple is. But for now, it's holding up fairly well. But if you look at the scoreboard this time around, some really great moves in the last 24 hours. You had A&B with an incredible quarter rested today. Shopify had an absolute phenomenal quarter today. 20 plus move on the stock. Great numbers, right? Great numbers. Roku had an absolute killer quarter as well, doing very, very well. Amazon had a nice quarter. It's price-improven. Even in names like Microsoft that had a good quarter sold off and now closing at all their highs. So the stage is set, right? The stage is definitely set for tomorrow. Are the bulls finally going to be able to reclaim the 50-day moving average? We'll see. We'll see. That's the best way of saying it. On names that didn't do well, that had some pretty good option flow, guys. And this is sometimes where you look at the options market and you see where they're betting. Sometimes they're right. Sometimes they're wrong. But the more frequent you see bets coming in the options market ahead of earnings, they usually give a pretty good insight of what people are thinking. And today you had NET come out with earnings. And they were betting pretty aggressively all morning here. They were coming for the next week's $50 puts. And if you look at NET after the close, NET went all the way down to 49. It's up to about 53. But again, they were betting in the right direction. Coinbase also came out with earnings before the close. They were coming in for the January 80s, for the next week, 74, 75s, 80s on Coinbase. And if you look at Coinbase after the close, Coinbase is getting hit. Again, is it really a surprise? I mean, if you think about the whole crypto market, I'm not really a big crypto guy. But if you think about crypto, crypto market has been dead for months and months. Only recently has Bitcoin kind of started surging again and people started talking about it. So it makes sense. We actually were talking about it in the webinar before I left. It does kind of make sense that there were definitely players betting against the Coinbase quarter. Tesla woke up the last couple of days. Last time we were talking. Tesla was all the way down here. I had a runner. I had a runner. It was up about 10 points in the runner. Ultimately, I closed off my runner up a couple of points there just to give an opportunity. It had a really good run. It had an absolutely good run. And it kind of mirrors now what's happening on the Nasdaq 100. Nasdaq 100 is about the fight on the 50-day moving average. Tesla now, as you can see here, and now it needs to fight to get above the 200-day moving average. Some China numbers came out. They were obviously pretty good. And Tesla had a great two-day surge. Now the question is, again, for Tesla the same with the Qs, can the bulls finally reclaim back the 200-day moving average, which is obviously super important. And they can start moving their way back to the 150 that they lost here on the gap down on the earnings. We shall see, right? We shall see. So going into tomorrow, again, I think the bulls are a little tight. A little tight. Again, is it possible, you know, the Qs, you know, get to the 50-day, get rejected, then reclaim and go? Of course, everything's possible. But again, when you have a run from 342 to 364 in a matter of five days, right? Again, it's very, very tough to start entering fresh positions, going into a 50-day supply. We'll see, you know, we'll see exactly how it plays out. For me, tomorrow, I'm kind of doing the same thing we did today. We had a lot of bounce plays today. As you can imagine, everything gapped up today. And again, you're not going to start buying stocks up 10, 11 points. We're waiting for the dips. And today was, and if you're ever taking, if you've ever seen the PS60 theory or watched the workshops again, it's free, guys. The PS60 workshops are free. It's like eight, nine hours breaking down the PS60 theory. We talked about bounce plays. Today was nothing but bounce plays. I bounced today, Tesla. We bounced today. What else did I bounce today? Tesla, Amazon, Microsoft. I missed the AMD. AMD searched three and a half of the bounce. And the video was a really good bounce for about four or five points. So there was some great bounces. That's what I'm looking for tomorrow. Tomorrow, I'm looking for any weakness for profit taking on names like Shopify. It's basically the same play as AMD. Let me show you AMD. So AMD had a massive quarter yesterday. And today it came into the rising 60-minute support. You see that? Came into the rising 60-minute support. This is a fake wick. Came into the rising 60-minute support. And then rallied back three and a half dollars. That's kind of what I'm looking for for tomorrow on Shopify. I want to see any type of sell-off into rising support. Same thing I want to see on Roku as well. Any type of selling profit taking into rising 60-minute support because that's where the value is. These bounces, again, as you guys in the webinar saw today, phenomenal. Absolutely phenomenal. We recorded the first hour. We kind of took the snippets, kind of put it into our training vault to kind of show people exactly what it was. But it was absolutely amazing today that the bounces today were super. Absolutely super. And hopefully you guys are starting to get more comfortable and comfortable in that. So going into tomorrow, again, that's kind of my blind game plan. Let me give you guys a couple of names that I am watching for tomorrow that is not beta. It's not beta. Some ideas for tomorrow. Let me give you guys a couple of names I'm watching. Yeah, look at Instacart, right? We talked about this name several times. And this was definitely one of the worst IPOs of the year. Maybe because they kept on price gouging everybody during COVID. You guys remember that? Instacart. Yeah, we'll deliver it to your house and we'll charge you $80 for it. Well, now you're getting paid back. Anyway, so you could see the range here. You could see the range here. It needs to clear out. I'm going to watch this range in the next couple of days. If Instacart starts clearing out this range, maybe this thing finally wakes up here in the video. The video is very interesting. Very, very interesting. It's not out of the woods yet, but it's getting there. We had definitely nice pivots in the last couple of days. We had a nice bounce in this thing today. I'm going to watch this top of the range here. If it's possible, it reflects like on the queues and they start driving into the 50-day moving average. Yeah, we could. But the bigger picture on the video going into, especially going into its earnings, it's going to need to reclaim 444 on the close. 444 will reclaim back the 50-day moving average, but that's something we want to watch down the road. So listen, it's been a really good run for the bulls for the last three, four days. Tomorrow is the line in the sand. The only number you need to know on the queues is this 364s area. It's going to be a gunfight. It's going to be a knife fight. They're going to be hitting each other with everything, including the kitchen sink. Can the bulls reclaim the 50? Can the bears reject the 50 to be determined? Guys, have a great day. Have a great night. Stay blessed. Stay healthy. And with God's help, I'll see you guys soon. Take care.