 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 theaxesandtrader.com. Nightly wrap up show. Hope everybody is doing well. If you are branding to the channel, welcome aboard guys. We look forward to have you as a viewer. We do this broadcast Monday through Wednesday. Sometimes I do it on Thursday and usually on the weekends. The problem has been the last couple of weekends. We've started kind of an extended educational series for all our members. It's on Sundays. It is we tackle individual issues on off hours basis. We tackle them from the technical and emotional side to kind of give a little bit of peace every single week to kind of continue this journey. Because a lot of times people talk about different topics and it doesn't really resonate until it starts building up over time. So we started a weekly series there. Yesterday we had a two hour virtual summit with three of our members. Two options guys. One equity slash futures guy with a great round table discussion on different topics. So that's great. So we're just continuous continuing on the educational journey that never stops. There is no trophy. There is no finish line. So I'm not it's not that I'm neglecting the YouTube crowd again. We appreciate you guys for tuning in on the especially on the weekends is just you know my time schedule especially my kids is a little bit skewed. So we definitely focus on our inner being our inner sanctum. And then kind of we have time I'll record the video. But you know hopefully for all you guys who are joining us or planning to join us there's a lot of really great extended educational value. Hopefully you guys will continue to get value. So that's that. So let's talk about tape down today up 200 points. Nasdaq down. That was me. Nasdaq up 25 points. It wasn't really the day that you know the technology mega cap names again if you are brand new to the channel. That's my you know focus that's like you know that's my that's my little niche that is my focus area. But when those names don't you know cooperate or they are stuck in the middle of the channels. I obviously form you know take my attention to other names. We'll talk about that in a second. But today it was today if you traded smaller price stocks and not so much small caps micro caps. But if you traded smaller cap names or at least smaller price names you know within 10 to 30 40 dollars. Those are a lot of really great value. And it really does show you even when the mega cap names and the majority of them rested today despite the keys up 12 cents. You can just go across the board. You could see Microsoft. It was not looking great this morning. Right. A lot of a lot of big dumps here at the morning. Microsoft. You had NVIDIA Tesla. All red. Right. They're all red names. Microsoft. Apple was down $2. You figure you turn around. You know unity software has had a big run. You turn around. You go while you. And the Nasdaq must have got smoke. They didn't. Not even close. Nasdaq was actually up 25 coins on the day. But it really does show you it's the smaller value names that really took off. We'll get to the pivots in a second. But just to give you guys you know some names that did really well today. You have Lucid. You know really good looking chart coming out of a range. You had NEO today that broke out. Right. It broke out. It came with the 11, 12 and $13 short term. Short term expiration. Really, really good looking chart. Carvana went absolutely nuts today. Right. That's my point. A lot of these smaller names went nuts. Carvana had a great run on Friday. It confirmed the channel. Today confirmed Friday's channel and just absolutely exploded. They were coming for the $40, the $35 and the $40 weeklies. When the stock confirmed today. You had all these three, three-dimensional stocks. Remember all these 3D stocks that were like really big couple of years ago? Well look at a name like DDD. So you have to understand. Like this is a market that is so bullish that even when the mega cap leaders are, you know, even being sold, right? I heard people talk about maybe it's the rebalancing that's coming up. Who knows? Maybe it is. Maybe it's not. I'm going to sit here from now until July the 24th, two weeks. Think about the imbalances. Who cares? Take it day by day, trade by trade. We'll get to the individual names in a second. But for what I'm seeing is you're getting really good value rotation all over the place. You're getting continuous option flow that's hitting the market. And the most important part is if you do your homework every single day and I really reiterate this point, especially the new traders, if you're waking up literally five minutes to the open and looking at the new high list, you're doing it wrong. You're doing it 100% wrong. Your research, and I would say for all you guys in the webinar, you probably could probably chime in on this at any point. I would say 85% of the things we do every single day is from the previous night's research. Then you'll have something that you set alerts for. That's another thing, guys. Keep on setting the alerts. Like eSigla, for example, I have tons of alerts set just because the stock doesn't confirm the next day doesn't mean it will. And I put in a lot of alerts. So when they come through, I'm getting a lot of value, unexpected value, especially names that I'm not watching. So you have to put in the work, you have to put in a lot of effort. Do your research because if you go right now and do your research from night before, you're going to see a lot of great names breaking out. Like I said, look at DDD. Look at Neil. Look at Lucid. Look at UPST at a big, big run over the last couple of months broke out again today. You have a lot of great value, but you're not going to find that value when the bell opens. Things are moving fast. Your emotional level is all over the place. You can't control them yet. You're all over the place. Social media is saying one thing. The reality is saying another thing. You're here. You're there. And you're missing everything right in front of you. So you have to dump it down a little bit. You have to keep it simple, stupid. The whole kiss thing. And do your research from the night before. If you go through your charts tonight, especially if you are a player of stocks, within that 10 to 30 to $40 range, man, you're going to get some really, really great value. And going into tomorrow, unless there's some really incredible stuff, things stupid that comes out. I mean, we should continue. We should continue. Luckily, even Robinhood, right? Robinhood broke out again today. Beautiful chart. Robinhood broke out. They came with that $12, $13 calls, even 15s for January. So all these stocks that were neglected for the majority of the year, they're all waking up. They're all catching bids. And it really does show you how much speculation money there is in this market. Because again, it's flowing into these names. So let's look at the indexes, right? You look at the indexes and you look at the cues. Bulls actually did a good job today. This morning, there was a really aggressive candle, right? You could see by the charts, really, really aggressive candle. Just like the same way we saw last Friday to the close, we saw this big candle down. You're saying, oh, oh, here comes the Nasdaq. Nasdaq has me down like 200. They bought the dip. They really bought the dip and they got the market green. And considering how all these stocks that I just mentioned, the apples, the Amazons, the Microsoft, the tests of the world, they were all red, two, three, four, five dollars down. Considering what they did, it was a really strong effort by the bulls. And now, you know, they're holding the continues to hold the 20-day moving average. Where it gets a little funky, and you guys write this down, where it gets a little funky is the 62-70s area. And again, granted, we bounce off that. But as long as the bulls can continue to hold the 62-70s level on the cues, the market will be fine, okay? The problem is if we close below that, and this is what happened the last time, we retrace back to the 20-day, we bounce. So as long as we keep on holding the 20-day moving average, the bull thesis is still kept perfect. Once we start losing it, then we start having a whole different conversation because the narrative will change. Look at the spies, right? Look at the spies. They kind of did exactly the same thing to the cues. They're kind of mirroring each other, holding the rising support. So there's nothing really new materialistic that's playing out, which is a good thing. The problem is in beta land right now, things are kind of in the middle, right? And this is kind of what we talk about. We're not really getting a lot of value tomorrow on the beta names because look at Amazon. Amazon today looked like it was about to fall off a cliff until they reclaimed back to 20, right? This one's in the middle of the ranges. Look at Microsoft, right? Five and change, they actually broke down and on the close, beautiful hammer reclaimed the 20-day moving average. Look at Tesla. Tesla, we have really good pivot on Tesla today off the five-day moving average, got right down to the 10, really good move there. But now the question is, can Tesla hold on to the 10-day moving average? Initially, I was going to lead with this video and say, hey, you know what? Tesla's getting very, very close to the 10-day moving average. If this thing starts breaking, we should get it moved down to the 20. But they had a four and a half dollar pop at the close defended a 10-day moving average. So now you have to wait a little bit longer for a decisive move in either direction. So I think in a weird way, going into tomorrow's session, the value is not with beta. There's not. The only one that looks decent on beta is Square. Square is trying to attack last week's highs. Looks interesting. But if you look at everything else outside of Square, very tough charts. They're all in between. So they probably need one or two days more to kind of work themselves out of the channel to give us a very, very clean look. However, let me give you some names. There's some really, really powerful names like coming off the bottom, looking really, really good. Look at CrowdSource. Actually, CrowdSource is beta. Right? Look at CrowdSource. First close above supply. If it confirms its channel tomorrow, this thing could wake up. UPST, I really like as well. If it confirms today's channel, that looks higher price. Square, we just talked about. Neo, we talked about. Look at a name like DDD, right? Like we talked about a few minutes ago. First move out of supply, same group as SSYS. Right? They're all moving pretty aggressively. Watch this triple D. If this thing starts building above today's channel, this thing could wake up. But not even just technology names. Look at a name like Penn, right? Penn National Gaming. You can see here, every single time, the last couple of times, it got stuck, right? It tested the 50-day moving average and got rejected. Well, this is the first close over the 50-day moving average. If you've been watching this channel, you know the significance of the 50-day moving average. First close is bullish. First close below is bearish. Like, look right here. Look at the candle here on February the 9th, right? You see how close below this light blue line, that set off a sell signal, right? And the stock got absolutely sold. Now, look what happened here, right? On 427, first close over the 50-day moving average and had a nice four-day run. So, look what happened here today, right? First close over the 50-day moving average. If Penn confirms who knows, maybe he could get a 2-3-point run. That's where it's looking good. Roku, Roku looks good as well, right? First close above supply. It kind of looks like crowd. You know, listen, if all these stocks start to confirm and even beta wakes up, then the bulls are really, really ready for the next stampede. But again, sometimes bulls need a rest in different sectors, different areas. And today, it looks like the bulls kind of neglected the aggressive nature of all the other stocks, of the speculation money aims, and kind of landed at the close majority of these stocks, especially that I trade right in the middle of the channel. So again, we need a couple of days for that to kind of play itself out. So let's talk about the day. Let's talk about the day. Some really, really good pivots today, right? And again, like I said in the introduction, today was all about the smaller price names for the exception of my favorite stock. Tesla 7288, if it builds below can flush, that five-day breakdown is so good, man. It really is. So it took out the 7288. Initially went down just below 68. Really good trade there. And then later in the afternoon, it just completely died and went to the 10-day moving average of 65. Today's channel is going to be obviously the line missing going into the future. It still needs to get above the last two, three days worth of selling to really wake up again. The one note on Friday, and I didn't see anything notable in the options market today, but on Friday, we did see a guy come in betting this week's 287.50 weeklies with $1.6 million. So far it has not translated into price per share appreciation, but again, it's only Monday. So Tesla, we definitely want to watch on both sides this week. DraftKings went nuts today. Nice move on DraftKings. 27 needs to build. Here was DraftKings. It took out the 27 and basically went to 29. 10 cents away from 29 bucks. Huge move. It looks like it's going higher as well. CVNA went out of its mind. Again, they were coming for the 35 $4 weeklies. 29.81 needs to build. Here was CVNA. Carvana went to almost 35 today. Huge move. Absolutely huge move. AMAD didn't trigger a hood. It's a little bit slower, right? Robinhood is a little bit slower. 10.90.11 needs to confirm. Here is a Robinhood. It confirmed the 10.90.11. I traded it all the way up to 11.30. This thing still looks higher. Again, you have to be a little more patient with this. Meta. Now it's not, didn't get rejected two times at 298.12. It's gotten rejected three times. This is a big, big number. They started coming for the August 3.30 and 3.40 calls. If Meta could finally start getting above that 98.99 level, it could really start to stretch. The problem is it closed about five bucks below that number. So again, like every other beta name, you have to be a little bit more patient. Forget about 32. This thing went to almost 35. Tesla, right? Right to 265. Congratulations, guys. Beautiful, beautiful move. And not only did it get to 265, and a lot of people got long off the 265. That's a 10-day bounce. A really, really good move there. And I believe that is it. So that's it. You know, that's it. Hopefully tomorrow we'll get some wake-up in beta. But if not, again, like the symbols we talked about, there's some really good-looking potential for tomorrow. And the key is just stay patient, guys. Stay patient. Let your research confirm. Okay? Don't guess. Don't anticipate. Let your research confirm. Let the option flow start attacking that symbol. And if it does, and it comes continuous on repeat with short-term exploration, usually good things are going to fall. Guys, have a great night, everybody. God bless. And I will see you all tomorrow. Take care.