 Airbnb had a big move here Airbnb 138 rejected twice on the daily needs to build again the same type of chart as Dash right again, not nobody's looking at from the night before most traders are not looking for the charts down here They're looking for the charts up here So you see this whole channel here 138 139 and stock traded right to one 143 big move on Airbnb guys start looking at those charts that come off the bottom of town 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 give me everybody welcome to Another edition of the access a trader calm that we wrap up show. Hope everybody is doing well again Usually I take my Thursday nights off But if you guys remember how to do a video on Tuesday, so I'm kind of flip-flopping days here So hopefully everybody's okay again really good market right very good aggressive market Technology is very strong They're starting to really rotate into a lot of names giving big moves and then wrestling getting big moves and then wrestling We're seeing that over and over and over again and when you look at the big aggressive Speculation capital and that's where you know, that's where the market gets its cues No matter how good other groups are if Speculation money doesn't come in and doesn't come in aggressively. You don't have a good mark You don't have any aggression in your market The only thing you have is stocks moving up and down and I'll tell you one thing man These moves and we started briefly talking about the last couple days No matter what you think of these stocks right game stop and what am see that today, which which was Out of its mind, right? I mean keep this in mind. This is a movie. So The fact that people are bidding up these stocks, whatever you call them chasing or bidding up or Whatever you want to call them. They're here, right? They're absolutely here and when you look at AMC and it went to 30 bucks a which is absolutely amazing When you look at AMC again, you didn't you're not paying attention to the retail flow You're not paying attention to the diamond hands to the moon, right? You're paying attention to the option flow They were you could tell they were coming with some really big institutional money flow They were coming in with hundreds of thousands of dollars in especially short-term expiration like tomorrow, right? I saw bets come in for the 30s the 35 some dude came in just throw 120 grand out there for the $39 calls that expire tomorrow So I mean that is your really good case of hey the market is strong people are willing to take our risk whether they're Irresponsible risk whatever the case would be who the hell might a judge it's on them But the point is it's there so when you look at the IWM and we discussed this last night, right? IWM did a great job today It gapped up reclaimed the 50-day moving average and now it just needs one more level here It's top of the chair area here this roughly 226 area on a remount to get back to relatively new all-time highs the market is very in a good place We also saw exactly what we saw what we talked about last night, right? We saw the volume starting to shrink and you saw that around, you know, 11 o'clock or so around lunchtime So starting to shrink and a lot of names again Maybe everybody was just kind of looking or trying to participate in all these meme stocks But the point is we saw the volume dry up. We talked about it yesterday people are going on vacation People are on vacation. They're taking advantage of this three-day weekend But we're also on the other hand We also talked about what is possibly going to happen more and more stocks that come up more and more stocks Gonna come out of channels on bottoms and that's what a good healthy market is So going into tomorrow's session again the scoreboard is really not going to paint a picture. You have the doubt 145 points You had the nasa composite Down about one point obviously the IWM did an incredibly good job And it does show you a more and more case that sellers what we talked about yesterday Sellers are very comfortable at these levels. There's no reason To put selling pressure on a name unless it's some really specific market news And you could tell how crazy this tape is how crazy the tape is starting to get with Tesla, right? We talked about Tesla right now at last night coming out of this channel here This is what only it did for the last five seven minutes of the day, right? I mean, this is called completely abnormal But again, this is what really shows you where the market is right now. And again, this is program trading This isn't you know This isn't a group of traders bidding to share is up But the point is the scoreboard is a scoreboard and I have you have Tesla in this whole gap fill scenario measure potential All the way up into the 650 660 level which you're going to see a lot of names Starting to do a lot of things. So when you look at today's premise and I'll be honest with you I was stunned how much value we actually had today, right? I didn't anticipate You know, I was thinking alright, maybe Tesla when we talked about last night in the video, you know Tesla looks good. Maybe you know, maybe ZS was gonna wake up Facebook You know started a really good channel that confirmed today. They're earnings high So I was thinking to myself I said, you know, maybe we'll get a couple of things here And you know, maybe after after the first channel everything will die out and people start maybe taking the early day But I was surprised. He started seeing bottom channels coming out Names like door dash and names like Airbnb continuation channels We spoke about yesterday on a stock like SPCE really really strong move a name that I was watching to close right into the Bell that looks really really good for tomorrow as well a name for example like an IQ So you've seen these bottom charts all waking up one by one and that again is called the healthy market A good market that is coming from a bottom base, which is always the best one to trade You don't want to trade off the top you want to trade off the bottom and the more and more Volume that we get or lack of volume that we get selling pressure to the downside on days that the market doesn't rally It really does show you the overall breath the good breath the overall strength in the market and coming into next week Unless we get some really crazy curve ball Political corona anything right anything you have to assume we continue to get really good bullish market action Going into next week. So let's talk about taste pivots again. I was Pretty surprised right I was pretty surprised about today's session There was a lot of really good moves and there's still a lot of names that I like for tomorrow that didn't trigger today But overall good stuff good stuff. So not a big move not a big move on zoom 330 got rejected twice needs to build not a big move at all. I here was zoom It took out that 330 level only went up a buck. That's it only went up a buck and then it kind of sat there Did nothing for the rest of the day Zs I still like look at this consolidation on ZS guys didn't trigger today But it had a really good Huge move yesterday our earnings relaxed today and it's just sitting there Just stalking this top of the channel one of these days They're gonna get crazy option flow and this thing's gonna really really explode. So keep Zs right keep Zs On your watch list stuff for the next few days Space big move here right space. We talked about in last night's video 2785 28 needs to build here was space right here was space. So here's your 2785 28 level Just absolutely exploded went all the way to 32. Congratulations for you guys Who courted who are still in it really really monster move there? FUTU did not give a second entry 141 142 needs to build look at FUTU. I still like FUTU, right? I still like it. It just didn't confirm that 42 level close right in between but this thing still looks good for tomorrow I think if it starts building off that 42 tomorrow guys, maybe this thing finally wakes up with good-looking chart Really really good-looking chart there Dash nice move on dash. I thought it could get to 52 area went a little bit above it 147 needs to build here was dash Right here was dash took out this whole 147 traded right to 155 really really strong move the next macro areas me this linear regression line But huge move really really big move and again if you see the common denominator by all these charts, right? They're all coming off the bottom right think about it No, nobody nobody's really concentrating on these names, but they put in a channel, right? And they put in a long distribution and then they explode if you look at a space. They did the same thing Maybe not the same type of chart in the same area below supply So you can still find a lot of value that a stocks are underneath supplied and stocks are above and considered that We did sell the market for about three weeks You're gonna get a lot more bottoming out processes than you are from the top So really big moves there as well by you. I'm still watching for tomorrow I really like this channel here Dick's morning goods again, not a big move a hundred needs to build This is a continuation from yesterday's move. So it took out a hundred only went to like 101 30 before it retraced Airbnb had a big move here Airbnb 138 rejected twice on the daily needs to build again the same type of chart as Dash right again, not nobody's looking at from the night before most traders are not looking for the charts down here They're looking for the charts up here So you see this whole channel here one thirty eight one thirty nine and stock traded right to one one forty three big move on Airbnb guys start looking at those charts that are coming off the bottom. I'm telling you that is where the biggest value is This is where natural order flow is coming from and you're not fighting retail for Nichols and dimes They're really big order flow coming in and this name saw weekly 140 and 150 call buyers came in right from the word go on Airbnb so dicks take on the way up Unfortunately, there's only like a dollar and change Vldr, you know Vldr was very odd. It went up to yesterday's pivot was 1085 It went to like 1156 and some news came out and just really really slammed the stock again It is what it is Dash take on the way up space obviously take on the way up But I said listen a great action this morning really really good action What you guys didn't see here? I traded test like three times off 60-minute balances were really really good this morning But I'll show you you see that candle in the last five five minutes That was the one that really set it off on Facebook 331 80 332 meets the bill. That's the earnings highs. They're coming for the 3250 3335 again order flow Right option order flow is preceding these moves and you can see not test Facebook had a really really strong move It took out this whole channel here closed closed pretty much at the highs once it gets above 334 again It's gonna power up so nice move on Facebook Airbnb new highs kind of coming for the 40s the 50s Right take on the way up bingo Macro supply is 45 went to 44 big move there as well IQ again. I like this chart IQ nice close here 1440 needs to build it closed right at the high of the day at 1457 beautiful chart check it out guys I think there's a continuation on this thing for tomorrow again bottom charts right folks You're looking at this bottom charts you getting that move into supply you're getting distribution once it gets through supply You can see where the next potential could be on IQ 29th their first supply there as well And Tesla did I not put a Tesla pivot? Did I not have put am I going crazy? Did I did I not did I not put a Tesla pivot in here because we all had it in the webinar if I didn't I apologize I absolutely apologize. Anyway, there was a pivot here Obviously towards the end of the day here needed to clear out that 629 level and you could see the spike into the close Really really big move into the close into the 30s as well So if Tesla confirms tomorrow guys mean again look how much room you have here and the one thing We do know speculation money loves Friday weekly expiration on options We have a probably a short condensed day tomorrow, even though it's a full day tomorrow You have a lot of people they didn't leave today for vacation. They're gonna go tomorrow So you're probably gonna get a good condensed action tomorrow in probably the first two three hours of the day So that's everybody. Hope everybody does well Tomorrow have a great weekend one really cool announcement for all you guys who are thinking about joining us in the webinar next weekend I think the guys are running a really cool sale On the on the webinar. It's like 47 bucks. Whatever it is. It's like 30 days of the live webinar It's really really cool. If you ever thought about trading Pivots, right? This is a really cool way to kind of see if it is the right fit for you It also comes with all the workshops that you have to really sink your teeth in this weekend to kind of break down All the moving parts anyway guys have a great weekend everybody God bless happy Memorial Day, and I'll see you guys on Tuesday, right? Take care guys. Have a good day