 Yes, there's a lot of names that I still like for tomorrow. Amazon obviously is bullish. I believe at some point this week, you're gonna see a 37, 20, 37, 50 push. That's the linear regression line. That's the measure potential. 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 theaxesatrader.com. Nightly wrap up show. Hope everybody is doing well. Feels like it's been like years since I recorded a video. It's only been a week. Last week I was on vacation, literally my first vacation in 18 months since COVID started. I'm relaxed, I'm calm, focused, and like we've been talking about for many, many moons, how incredibly important it is to kind of decompress and kind of take a step back, especially what we've all went through for the last 18, 19 months or so, and just start enjoying life. I mean, I think that's the best way. And when you come back, your focus becomes that much more in tune to what's going on. I think you're seeing the market better, but I think your soul just to purify your soul and just have a little bit of fun in life after this tumultuous, just incredible, incredible time of our lives is so necessary. So it's good to be back with you guys. First update in a week. Hope everybody had a good trading week. Last week, as much things are changed, right? The calendar changes the more they're still the same. When I left, the NASDAQ was incredibly strong. Ever since we remounted the 50-day moving average, it's just been kind of this linear move here. You had moves in NVIDIA and Apple and Facebook and Microsoft and Facebook, Tesla before it kind of reversed today, Netflix finally got off the ground. We'll go into the individual pivots in a second, but what's cool about what's going on here is that the level of disconnect that you're seeing from many of the indexes are really showing you again. If you're a new trader, you kind of have to know where everything is, but the idea that the down 400 points, like it was this morning at a certain point, it's less important than it was 20 years ago when I started. Now it's just more of like water cooler talk. Is your money safe? The markets are in turmoil, kind of bait and click for all the advertisers to kind of take advantage of your emotional status, but if you look at where the NASDAQ composite is compared to where the IWM, right? And the IWM, I looked at charts over the weekend and I started looking at it this morning and the Russell never rally, never really participated even in last week's move. And before you turn around and say, well, what's the big deal about the Russell compared to the Dow? Well, here's the big deal. The Dow Jones and just industrial average is 30 stocks. So for the Dow to go down 30, 300, 400, 500 points, it looks really crazy on paper, right? When they start talking about it on the evening news, but it's 30 stocks, so that really a big deal. Boeing is up eight and Apple is up five and Microsoft is up, it's two, 300 points. So the idea that the market was down 400 points today, a lot of people didn't even notice and I really didn't notice till about lunchtime. But when you talk about the importance of the Russell, and again, you don't need to have any exposure to the Russell, the same way I talk about, even if you don't trade the high beta names like the Amazons of the world, the Apples of the world, it's still very, very important that they act well because they represent speculation money. So if you turn your attention, for example, to the IWM, the reason why this was kind of a big deal or at least could potentially be a big deal, right? Is that number one, it represents 2000 stocks, 2000 all speculation money, whether it's a small cap stock, price stock or a small capitalized company that's $300, $400 a share, these are made to small cap companies that do respect and do reflect speculation money. So if there is a buyer strike, for example, on the Russell, it might kind of filter into other things. So for example, the Dow today did absolutely nothing, it was down 400 points. And the fact that it rebounded off the 10 day moving average, just like that and cut its losses in half does show you how impressive the mobile market continues to be. If you look at the Qs at one point today, they gassed out, look at the 60 minute channel, right? At one point today, they gassed out, put in an inverted hammer, came in really, really hard. At one point it didn't look like the Qs were gonna completely roll over and start kind of joining forces with the Dow Jones and the Russell. And the Qs literally went from 60 and a half, right? 360 and a half all the way down to 57. It's very, very rare just to give you an idea how strong this technology run has been. It's very, very rare that something puts in an inverted hammer, okay? If you're a very new to Japanese candlesticks, a hammer is very bullish. So an inverted hammer was very, well, not bullish. And the point is it put in an inverted hammer, it held the rising support and it's very, very odd to see a market, right? Or an ETF go from bearish to bullish within the same session and pretty much close at the highest. Again, market is incredibly bullish right now. And at any point it could turn around and start losing levels, but that's the point. You don't guess. And at some point today, I even tweeted out on the private feed, I said, listen, we hit an inverted hammer, right? That's a sell signal. From that sell signal, Qs went down five points. And I also wanted to really emphasize the point of sell signal doesn't mean short, right? Because if you saw every intraday sell signal on the NASDAQ composite since it reclaimed the 50-day moving average on May the 20th, you would have gotten trapped at the bottom every single time. And that's exactly what happened today. Very, very impressive. You had big moves on a lot of names. Again, a lot of names did rest today. Names like Facebook had a tremendous run. It did rest a lot of the semiconductors rested as well. Even the video at one point was down like $7, $8, only to turn around. Look at the rally back in the video. Talk about, you know, this thing literally went from 830 all the way down, like literally all the way down to 814 only to come back up $13, $14 off the lows. Again, incredible bullish market. The names that have rally, the really, really big rallies, they need to be continued to be at least appreciated at the bottom of the range. Because if they're holding, they keep on holding the rising 60-minute support and keep on trapping eager shorts or new shorts or uneducated shorts talking about, that's it. The market's oversold, excuse me, overbought. This is it, this is the reversal. They keep on getting trapped day after day after day. And this has been the mantra of the market for the last, you know, two, three months ago since that May 20 rematch. So look, is it, you know, can you buy everything right now? No, no, I don't think you can buy everything right now. Okay, I mean, look at the move in the video. Like this is a name that you continuously have to look at strength, a name like Apple that broke out above, you know, above this 128 and a half, 129 level. You know, the stock is up, you know, the stock is up 14 points in Apple. It's like the equivalent of Tesla going up $80. I mean, this is an absolutely huge move. A name like this has to be only played on weakness. Like weakness trapping into bottom support. But if you took it names like an Amazon of the world that had just a ridiculous run today, if you look at names, for example, like a shop that could turn into potentially an Amazon tomorrow, you really do still see very, very aggressive money flow. Speaking of Amazon, you saw today, they were buying the 3700s right off the word go, right? And there was a big level here. Again, we'll get into the individual pivots in a second. There was a big level here pre-market here off this 25 level and there was a big level here off the 54 level, but they weren't even looking at like the 3650s. They were jumping at the 3700s right away. And at certain point of the day, they just like kind of forgot about the 3700s and they started going right away to the 3800s. So there is a monster continuation money flow in these high tech beta gorilla darlings that hedge funds and mutual funds and pension funds love to own, especially when they become runaway trains. And these are the names, you know, if they do open up week, you have to continue. And we've been talking about this series of events now for months, you have to continue to buy them on dips until the buyers put up a strike and these stocks start forming sell signals below a rise in support. Which again, if you try to guess the reversal or try to preempt the reversal, you've been run over every single time. So yes, there's a lot of names that I still like for tomorrow. Amazon obviously is bullish. I believe at some point this week, you're gonna see a 3720, 3750 push. That's the linear regression line. That's the measure potential. And good, listen, is it possible it has a res date tomorrow? Of course. I mean, look, the stock was up 165. Is it possible Amazon, you know, goes down 30, 40 bucks tomorrow at some point in the day? Look, of course, would it be, would it shock me that it gaps up tomorrow and goes up to 3750? Of course that, that's the whole point. And I know a lot of you guys are still long have runners from this morning. So again, manage your runners, even if it doesn't get there tomorrow, 3720, 3750. If there's an inside date tomorrow for Amazon on a third less volume, because look at the volume of this thing today, just an absolute rocket ship. If there's a res date tomorrow, you know, in shorts get trapped. You might, you probably start seeing higher prices towards the end of the week. Same thing with shop. I like shop tomorrow as well. Look at shop here, had a big, big run. It kind of looked like Amazon when sideways for two and a half weeks. This thing is a stone throws away from seeing the 1620 level. This looks really, really good as well. Even a name like Netflix today busted out today. Again, small volume. Didn't really see the big option flow, but this is the first close over supply. Even a name like Zoom that I traded today as well. It's giving you a linear move, but keep this in mind on name like Zoom. It hasn't even started its macro push. If you look at Zoom, it has to clear out this whole channel that even starts macro push. So you have to be a little bit more patient with this name. But the point is all these stocks are taking their turns coming out of macro. And if you believe in the theory that macro was kind of important, right? Like you saw with Amazon, Apple, Nvidia, Tesla and all that good stuff. Well, yeah, close above supply on Zoom becomes that much more important. Everybody obviously the trade Zoom should have a lot of focal point in that name. So getting into tomorrow's session. Again, you have to be bull bias until it's not, but be very, very aware. Again, a lot of time traders become very, very complacent. And they'll turn around and say, wow, who cares what Dan says? You know, IWM held, right? It held the bottom of the range. It's gonna go back higher. You'd think so, right? You'd think so, especially in this type of environment, but there is no guarantees. And always, you always have to play double as advocate and keep in the back of your mind that if they do, right? If they, right? If the IWM does break below this rising support, it starts going down to the 220 level, is it possible, right? Is it possible to drags down a market, especially the NASDAQ 100 that had this massive, massive run just to get some sort of reason, right? Just some sort of reason to kind of back test everything at once. So just be very, very aware. I'm always conscious to know where we are. And again, you don't wanna be long the market. You wanna be long stocks that are very, very bullish and still in this type of environment. So let's talk about today's pinnets. Again, my first day back today, after literally nine days of being on vacation, very, very good. A lot of rest, almost two rest. I started becoming antsy a little bit around day five, but overall, very, very good rest, much needed like a fish needed water. So let's talk about today's pinnets. UNH 410 needs to build, not a big move at all. For all you guys who did take it, not a big move. It took out 410, went to 411, 411 change. I still like it, but again, it's a New York stock exchange stock. You have to be very, very patient with it. It's not gonna be like a test that's gonna give you a $12 run. These names, you gotta be pretty patient and use the previous days low as you rise with support. This was obviously the biggest move of the day. I still think the stock sees the 3750 level, 35, 25, huge area needs to build and 622 highs of 3554. The first supply is 3576. This thing just went out of its mind. Congratulations for all you guys who have runners. This took out all levels and traded it all the way up to 3685. Again, any dip tomorrow needs to be bought. Just an incredible, incredible move. Tesla, I actually got caught, I don't want to use the word caught. I bought the dip on Tesla today into the rise in support and it held the bounce perfectly. It started moving back up, not a lot. And then all of a sudden some news. Now I can't figure out what news it was, but there was some sort of news with China, something or other. So I lost the dollar in the trade, which is good, because it went down another $16, $17. But the point was, this is what happens sometimes when you get lucky or unlucky. If that news never came out, it held the bottom of the range initially so good, it would have came back up. But again, luck sometimes does play a game. That's why again, we know where our outs are if a stock loses a level. Anyway, make a long story short, it lost about a dollar on that first remount and yada, yada, yada. Again, I still try to figure out what the hell exactly happened, but it is what it is. KYMR never retested its second confirmation, wish never got down to the 1120 area. This stock does look lower, man. They had some news today that couldn't even rally the stock. It looks lower. Edit never got above 57. Okay, so here's where I caught ZM about three bucks. So not a big move, but again, I like the way it's moving. I like the way it's moving off this channel here. Again, it just needs to, here's a 399-400. It went to like three, four or three and a half. So I still think it needs to reclaim macro levels to get it going, but it looks good. It looks good, just slow, steady grind there. I think it's gonna need a little bit of rest, but it still does look good for macro levels. CRM nice move here off this 249 needs to build. Here was CRM, right? Here's CRM, it took out the 249, went to 253. Nice little move there. Amazon exploding. Netflix went late in the day, 539 needs to build. I still like Netflix, especially on dips. Here's the 539, closed within dollar of the highs, went to 543. I still like, I think it sees, if the market continues to be strong, I think it still sees about 548 tomorrow. Game stop, not a big move. It went below the 40, the 95, it went down like a dollar and changed, not a big move there as well. New highs on ZM, 43.50 is a supply, right? Look where it stopped, 403.40. So perfect supply move on ZM, sweet move there. Buyer came in and they never really pressed it down. Amazon's ridiculous, 425 coal buyer came in there and Netflix, obviously, Netflix, they're coming in for 42 and a half's. And that is, I believe that is it, right? That is it. So that's it, that's it guys. Good to be back. Hope everybody has a great remainder of the summer, remainder of the week, back to dad duties. My son has basketball game tonight, opening night of his third, one of three travel basketball teams. So again, daddy duty course. Guys, have a great night and God's help, I'll see you tomorrow.