 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 to be here everybody. Welcome to another edition of theAxisToTrader.com. Nightly wrap-up show, everybody is doing well. In case I sound tired or a little lethargic, I'm not. I just came back from the gym, was in the sauna. And for all you guys who have wondered if sauna is a great fit in your lifestyle, trust me. I recently started in the last couple of months. It's unbelievable that you sweat out all your toxins. You sleep better at night, give it a shot 15 minutes every day or every other day. It's absolutely unbelievable. Anyway guys, so and as you can tell, I'm pretty relaxed. So let's talk about the tape. Number one, everybody who is brand new to the channel, welcome aboard, subscribe, like, share, tell a friend, right? All that good stuff to help us grow the movement of technical analysis and more important on bias technical analysis based on price action, not of opinion. So let's talk about the tape, right? We discussed last night, this was day two of the Powell testimonial, right, on Capitol Hill. You know, the markets were looking for more clarity of, you know, what's going to happen next. Unlike yesterday that we saw quite a bit of violence. The Dow was down about 500 points yesterday and as I got clipped as well. Today was a little bit more muted, right? You know, it started light, you know, the Dow is still down, you know, I think 100, 200 points, whatever the hell it was. Nasdaq was up about 40 points or so, but it felt less muted. It's felt less violent today. It felt less angry and it felt less, you know, less algorithmic, okay, in nature today. And today was just one of those sessions that the levels that we talked about last night on the cues. If you guys remember last night, we talked about the importance of the 10 day moving average. We talked about last night's low 294.87. Can you guess what today's lows was, right? 294.88. Tell me, technical analysis is not cool. So the bulls held those levels and started kind of grinding higher. The biggest takeaway of the Powell second day testimony was that he basically said that, you know, that the Fed hasn't really reached a decision of the size of how big the March price hike was going to be. And I think the market kind of was like almost a relieved, almost like a relieved notion that, hey, number one, we didn't get that second day aggressive sell off, at least in the macro market. We'll get the Tesla in a second that we discussed last night as well. But more important is it's almost like the fact that they couldn't agree on, the fact that they couldn't agree yet on a scenario of they're doing 50 basis points, 75, 25. The bulls kind of looked at that as a net positive, right? And, you know, once he stopped speaking, once he finished with the Q&A, had a nice little grind off the bottom of the channel, he had nothing crazy here. The wildest part about today's session was was the big dick disconnect in two of my favorite stocks, right? You have Tesla that we talked about last night, and we'll get to individual pivots in a second. Obviously lost this whole range here. Beautiful move here into the 180 support that's all fine and dandy. But my other favorite stock was in the video, right? Anybody who's been watching this channel, if you guys have been with me in the webinar, some of you guys have been with me for almost, you know, 13, 14 years, you kind of know that, you know, I love NVIDIA, I love Tesla, and Tesla was obviously looking on the downside yesterday. If you guys remember, I was also watching NVIDIA to the downside as well, right? We were looking for that bottom channel and I'll show you, it didn't quite get there, and that's the whole point of having a plan. If you guys recall the last night's video, it turned around and said, look, that's my plan, right? I just planned to short this thing below the 10-day moving average, but who the hell knows if it even gets there? And that's the whole point. You never anticipate, because if you do anticipate, you get run over. And now we're in a very unique situation going into tomorrow's session that NVIDIA looks great, right? NVIDIA is super, you know, super tight, super strong. If it starts confirming, you know, the high channel from three days ago, hey, if the market is strong tomorrow, you could see 46, 47. I mean, that's how good looking the stock is. And on the other side of the spectrum, you have Tesla, right? The Tesla, this is the lowest close in the whole formation. And if this thing starts confirming down today's channels, you know, you got that 177 that we talked about before, a really, really aggressive potential cycle if it doesn't hold that 77. So that's a very unique day. Usually we have a day that, you know, the cues hold, usually when the cues hold the bottom of the channel, I would turn around and go, well, you know, we still need to reclaim the previous days high, which we do, but at least now we have, you know, some really great looking setups for tomorrow. Like NVIDIA looks great if it confirms the channel from two days ago. Look at AMD, right? AMD, you know, these semis are starting to look really, really good. AMD looks great. And if the market starts coming in, right? You got Tesla. You got Tesla for more downside as well. So we're in a very, very unique, you know, kind of a unique situation that usually don't see many times going into a trading session that both of my stocks are in play, but completely opposite sides of the spectrum, which will be a very, very interesting session tomorrow. So let's talk about the specific numbers on the ETFs, right? Again, like I said in the last week or so, again, for all you guys who are taking 10, 15 minutes out of your time to listen to my nonsense and to give me, you know, you know, give me your time of day, at least I can give you guys, you know, at least I could give you guys a specific area that the Q's need to either break down or to reclaim, right? So as you can see here, as we talked about last night's video, again, we have a double bottom that held, right? So you had 294.87, and today's law was 294.88, right? So that's 294.87. It's gone held twice. If the Q's start building below this 294.87, then we're going to get pulled. The most important part is now the other side of the spectrum. Again, we don't trade based on bias, we trade based on data. So the most important part is that you guys remember, like three days ago, we reclaimed this whole 99 area, right, to get out of this whole channel here. So that's kind of what the bulls need to do. They need to get back above this 298.5, 299. If the bulls can reclaim the 298, 299 area, I think we will start the rally. I just think at this point, like I always say every single night, you need to be ready on both sides. That the market is such an erratic beast from time to time that it's just not going to let you get comfortable, and that's the most important part. For the market to have risk on, the bulls really need to close above that 299 level and confirm that 304 move that we had from three days ago, and obviously the bears need to do their job, get below this 294.87 and start building below into the 50-day moving average. Some really odd bets that we saw this morning. As you can see after the close, again, here's another example that somebody always knows something. There were buyers coming in this morning for next week's $350 and $3 puts. Man, guys are really, really good guesses. I have to tell you, nobody's afraid of jail. Nobody's afraid of show. Bud Fox, Warden Gekko, nobody's afraid of jail. You don't need to do inside trading anymore. Just have an option scanner. They're screaming at you so that somebody knows something. In another case that somebody might know something, look at this little stock, AMAT. A buyer came in today. You see this whole volume bar here? You see this whole volume bar? A buyer came in, I believe, for next month's $15 puts. $15 calls laid out $1.3 million on that bet. What's interesting about it is, again, if this was an Amazon, nobody would think twice that's an institutional stock. But since this is not, this is one of the $10 stocks, somebody's making a bet that the stock's going to $15. If 50% premium in a month's time, people are going to pay attention. You can see here, when the stock, here's the bet, right? Here's the bet off that, I'm sorry, not AMAT. AMAM, I knew it looked weird. AMAM, sorry about that. You could see where the bet came from, this $9 area and they started buying calls and the price action of the calls started chasing up the underlying security. Keep an eye on this thing, right? Look at the 60-minute view. If this thing starts taking out the 60-minute view tomorrow and this thing has a chance to wake up, keep an eye on that as well. The options market are very active. And again, you don't need to be an options trader to appreciate money flow in the individual stocks. A lot of times when they're betting deep out of the money, both long and short, there's a good chance the stock will start moving in that direction, speaking of which, right? Speaking of which, massive size today, right? Massive size today came in to the weekly 180s, 175, 170 puts. We saw bets coming in for next month, right? For next month for the 160, 165 puts. They weren't coming in for, you know, $10,000, $15,000. They were coming in for mid-six figure, you know, small, small, seven-figure bet. So again, again, I think tomorrow I definitely want to watch Tesla back down through today's channels to see if there could be another day down. So again, the stage is set for tomorrow. Again, we held the 10-day moving average today on the Qs. Let's see if the bulls can reclaim back that 98.5, 99 area on the Qs. And let's see if the bears can get down below that 290, 487 level that it held now twice. Now that pales out of the way. You're not going to get a lot of, you know, you're going to get a lot of random moves. And I think the market took a big breath of fresh air, kind of exhaled today, that there wasn't a day-two of carnage from his words, because ironically, the same words that sold off the market really easily rallied the market today. Exactly the same matter. So now that it's out of the way, business is back to usual. Let me give you guys a couple of names that I am definitely watching for tomorrow. We talked about NVIDIA. We talked about AMAM just now. We just talked about Tesla right now. Look at Apple, right? Apple had a really, really, really strong three-day move, right? The blow-off, I don't use the word blow-off top, but the blow-off kind of scenario is when Goldman Sachs upgraded and they had a PR and had a big, big run here, put an inverted hammer. Again, inverted hammer gives you a couple of days worth of selling. That's exactly what happened. You know, let's watch this Apple tomorrow as well. You see this whole channel here? If this thing could just start building above this channel here, maybe Apple wakes up as one. So, you know, we have some longs that we're watching. We definitely have some shorts that we're watching as well. We know the price action for the Qs, so we're set up. And again, that's the most important part. You don't need to be right. Your setups can go completely the opposite direction. For example, today, I was looking at Tesla Short, which was definitely the trade of the day. And I was looking for Nvidia Short as well, which never got down to the bottom of the range. So, you don't need to be right. You don't need to be perfect, right? The key is make a plan, stick to that plan. Don't anticipate. Never anticipate or else you get run over. Wait for confirmation. Let it take out the previous days high if you're going long. Let it take down the previous days of the down channel. If you're going short, never anticipate. I promise you they're going to cut off your ear. We're keeping a PG today, right? They're going to cut off your ear if you anticipate the trade, especially if you're trading on the option side. Your premium goes to zero just like that. So, let's talk about the pinnets today. Nvidia, again, here's a perfect example. 231.30, if it builds below Conflush, got nowhere near the 231.30. And matter of fact, I put in the pinnets to the afternoon. The stock kind of is almost about to confirm the high from two days ago. Here's the trade of the day. We talked about it last night. I believe Kyler made a YouTube short, one of those YouTube shorts. 186 was the double bottom. We talked about this last night video. I didn't give you guys a price that everybody in the webinar knows. 186 double bottom. Yesterday, also the March two lows, if it builds below, can see 182 first stop. 182 went down to 180. I think there's a shot if it starts taking down today's channel, we could see 177 tomorrow. So great, great, great trade. Snow, right? Snow, not a big move at all. I think went down a dollar. 140 held twice if it builds below Conflush. Only went down a dollar. ASTS, another little stock that I liked, didn't trigger today. ZS, nice move. I think we talked about ZS for the last couple of days. 116, 60 earnings low if it builds below. Conflush, here is ZS, right? So it took down to 1660. I traded down to 13 and change. Amazon, not a big move down. 92, 66 if it builds below Conflush. I traded down about 45 cents. Not a big move before it reversed. Netflix held once again that 306 level. Traded down to 305, 75 before it reversed. This little stock here, AZUL, 707 needs to build. Nice little chart. Not really my thing, but a nice little chart here. It closed pretty much at the highs of the day. Got above the 707. Listen, if you could confirm today's channels, who knows? Maybe you could start waking up as well. I believe there was a buyer that came in yesterday for the 750s for next week. Crowd had an initial nice move on earnings and then it just really, really died. Here is the 134. Traded to 135. And look at the reversal. Big, big reversal back down. And did it, did it, did it, did it, did it, did it. Oh yeah. So this is kind of where NVIDIA started waking up here. In case the market runs later after Powell is done, obviously that was the point. On NVIDIA 241.30 and 242.50, Nigsburg areas to confirm for a 246 push. Here is NVIDIA, right? So it hasn't had the big move yet. So I don't have any either. I don't have any unfortunately. I logged off already before this happened, but it took out the 241.25. And now it's pushing this top of the channel here. If we can confirm tomorrow, especially, especially the gaps above that number, if we can confirm opening range highs, I think there's a shot of 246, 247. So that's it guys. The stage is set. Another day in the books tomorrow. There is no video tomorrow. Is my normal Thursday night res day that I could decompress the brain and be ready for Friday's session. But if you are joining us tomorrow in the webinar, we kick things off. Everything fires up around nine o'clock. And hopefully we'll see you guys there. All right guys, have a great night. God bless, stay safe, stay healthy. Take care.