 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 theaccessotrader.com nightly wrap up show. Hope everybody is having a great day. Hope everybody had a great weekend. And hopefully you're everybody's soul safe and healthy. So let's talk about the markets. If you are new to the channel, please like, subscribe, share, tell a friend. Again, we try to give you guys the most unbiased take day to day of the markets without opinion or any alternative motive. This is just basically what the market is and what the market gives us based on technical analysis. So I invite you guys to all come aboard our little journey here. So let's talk about the tape. So we've been talking about, especially the NASDAQ, did an incredibly great job for the last two weeks on negating headlines, right? Especially in the banking system, if you see now three, four banks have failed now in the last couple of weeks, the latest one has been something we talked about even a weekend update. It's been failing since like 2007. It's been credit suites again over the weekend. There was some rumors that UBS was going to take some sort of marriage and basically in a shotgun wedding, wiped out all of Credit Suisse's unfortunately equity in stock closed in 90 cents, which is not a great thing, not in that a great thing at all. But what this whole move is doing is two things. Number one, NASDAQ has been disconnecting now for two weeks. We know that's a good thing. Again, I think of all the crap that everybody talks about about the government and regulators and this thing. I really do believe that the regulators and the government has done a great job to kind of containing this fire. You could say what you want, but again, they could have let this spread without any type of action. But now it's just basically regulated to individual names and yes, they're disasters with the Credit Suisse's of the world and the SIVB's of the world and this FRC that just looks like it's going to zero. I mean, the stock is down just destroyed, just absolutely destroyed. Retail is trying to balance it, trying to short it. Both sides are going to have it just to leave this damn thing alone and let it play out, let it just go away. But you can see how the market has completely isolated all these stocks with bad toxic news and just moving it forward. The news that the banks were kind of hit and all that good stuff two weeks ago, now the banks negated this news. Big names like Goldman Sachs today, rally back, JPMorgan rally back, even names in the insurance space that everything is tied into like met life, rally back. And when you look at the down today, all the bad news that was hammering these financial stocks is hammering the S&P and the Dow Jones as a total, we're rallying it today. You look up today, you have the Dow up nearly 380 points, 1.2%, the S&P down a little, excuse me, up a little bit 1%. This is with all the banks, right? Keep this in mind, this is all the banks. Even last week, a lot of people were shocked, including myself. They looked at the S&P 500 last week with all the dominating names in the banking space. The S&P was up last week, right? And today we started with a nearly 1% gain. The NASDAQ today took a little bit of a backseat. We saw a huge rotation obviously last week from everything into the technology space. A lot of people were talking about this as a potential run up for a potential rate cut. Again, I don't think that's going to happen at the FOMC on Wednesday, but I do believe there's a strong possibility that they don't raise rates, right? Again, that's a whole big different discussion. What's good for the goose might not be good for the gander. But we saw quite a bit of weakness today this morning in the NASDAQ names and stocks that had the big runs, the Microsofts of the world, the AMDs of the world, the Amazons of the world. They had really, really good runs last week. And the cool part about it is the bulls could have easily rolled over today. Easily rolled over, but the Qs, they held the bottom support here on the five-day moving average. You guys remember, we were talking about it last on the weekend, video potential pull into the five-day. That's exactly what we did. And to the bulls credit, not only did they negate again, or just keep on engulfing these bad bank headlines, they held the five-day moving average just like you see here. It held here once, twice, and phase the third time. And now we're looking back for a potential run-up again tomorrow. And again, you've got to give kudos. So you've got to give kudos to the bulls. I think when you look at the strongest space right now, anything to do with the semiconductor space. But for example, you have AMD that broke out, had a huge five-day run backtested today to the five-day. If it starts getting above today's channels tomorrow, this thing has a chance to run. Look at the video. The same thing. The video had, and again, there wasn't a lot of aggressive pivot, say, because everything was in the middle of the range coming out from last week. But names like Nvidia did backtest the five-day. Names like AMD and the Qs did backtest the five-day moving average. And the bulls held serve. They held those areas and started putting back into the clothes and put hammers on pretty much everything across the board. And that basically sets up for tomorrow's day. Look at names, for example, like AMAP. And the semiconductor space looks great. This thing is very close to taking out the February 2nd highs. Look at Apple. Love Apple. Look at Apple. This is the highest close. The whole formation closed right above the February 3rd highs. Looks great. Coming for the 160s. It will come for the 160 to 50 calls, short-term expiration, both weeklies and for next week. Even a name like Vago. Vago Broadcom. Right? You know, look at this. Again, stock trades a lot thinner than the rest of these chips. But boy, oh boy, look at this chart here. This thing starts getting above the top of the range here from the March 6th highs. And this thing's going to start expanding again. So the bulls, again, they took the punch. They took the kidney blow. They gave, you know, they took the uppercut and everything in between. And you know, they closed pretty much at the highs and it's a really good, strong testament. How strong the market, how strong and resilient the bulls really are. But more important, it really does show you how the most toxic headlines right now are being bought. Again, does that change in the near future? Again, you guys see a lot of people telling the world, it's the Fed. The Fed. The Fed. Let's see what the Fed have. Listen, we can't control what the Fed's going to say, right? We don't know. We, you know, now that the Fed is talking potential, no hike, again, it's understandable. Again, I don't believe there will be a, there won't be a rate cut. Anything's possible. Again, if I knew, I would act that way. But I do believe the market is, there isn't an equilibrium, a balance of kind of, you know, taking down curbing inflation, but at the same time not hurting the banks. So I think a realistic point of view and realistic hot take for the FOMC probably will be this time around Fed will probably, right? We don't know, leave rates unchanged. We'll see. We'll see. As you can imagine for today, you know, just because a lot of stocks were getting pulled into their five-day, there wasn't a lot of setups. There was a couple of setups here and there, ultimately a pretty quiet day. But the good news is stocks did close towards the top of the channel, so we should get a lot better value for tomorrow's session than we did in today. So let's talk about, let's talk about some of the pivots today. As you can imagine, again, not a lot of things confirmed today. You got Tesla 176 held twice if it builds below conflush. You traded right down to 176.29, never confirmed. This was the cleanest move of the day. As we talked about it over the weekend, huge run-up last week, NVIDIA inverted hammer on the close, 256.68 if it builds below conflush, and the NVIDIA had a nice move. 258.68 traded all the way down here to the 251.30. It's a nice $5 move on NVIDIA, TTD didn't confirm, COF didn't confirm, but I still like it. Excuse me, excuse me, fighting allergies here the whole weekend, 89.40 held three twice if it builds below conflush. It's still holding on guys, keep an eye on this thing for the next couple of days on COF. Look how tight this thing is getting to the bottom channel here. It still hasn't confirmed this 89's level, but if it does, this thing has a chance to go lower, one to watch. Then we were watching NTRS had been confirmed, Tesla again got rejected at once to get off that level, and Apple, again, the highest close in this whole formation, 157.157.40 needs to build, and Apple closed right on its breakout price from February the 3rd if this thing confirms tomorrow and starts taking down this 157.80s, 158 level, there's a shot, it gets its next leg up, so keep an eye on that, and a little stock. You don't see usually a lot of little stocks come out of this forum, but again, when there's option flow and there is a daily chart, usually good thing's going to happen. Here's a little silver stock, SVM, a buyer came in for 1,000 of the April $5 calls, needs to confirm $3.34, and here is SVM, right? It took out the $3.34 and closed pretty much at the high of the day at $3.49, nice looking chart here, again, they came for the $5 calls with less than a month left of expiration, so again, it's one to watch out, so that's it. Going into tomorrow, again, the levels that we definitely want to watch, obviously to the upside, 306.30 to the upside, the bottom channel today is 302, so 306.30 to the upside, 302 to the downside, and obviously last week's high above 309, we definitely want to pay attention to the SPYs, again, a little bit, a little bit different scenario, we're clustered, we're clustered in the middle of this whole channel here, not a lot of room, so it's probably better to avoid the SPY names, the S&P 500 names until they clear out supply above 296, 396, 397, but until that happens, you're going to run into a big ping-pong match, especially a day ahead of the FOMC meeting, and the IWM, the Russell, again, not a great chart compared to the Qs, it's a little bit stagnant here, you still want to pay attention to this 170 level that it held several times, obviously keep an eye out stays low as a barometer to see if it could start building below stays low as well, so that's it guys, that's it, some days you get very, very aggressive action, some days you get very, very passive action, but I use days like this to kind of try to get as you know, whatever cash flow you can, again, because wasn't a lot of big moves, a lot of really wasn't a lot of range expansion, and in days that the ranges are contracting, you want to make sure you're gathering data, you see which showing, for example, again, Apple highest close in the whole formation, right, leader of the highest weighted stock in the NASDAQ 100, I believe it's the highest weighted, it could be Microsoft, but they're definitely one, one A and one B, you know, this is strong with the short term exploration option flow, a lot of the other semiconductors are waiting as well. So the groups are setting up here, the only question is, do they confirm tomorrow? And again, as we say all the time to be determined guys have a great night, everybody, God bless, and I will see you all tomorrow. Take care.