 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 the AccessToTrader.com Nightly Wrap-Up Show. Everybody is doing well. There was no video last night. Frankly, I was a little bit tired, but more important, we knew anything that we talked about or even speculated about was probably going to be omitted or exaggerated by the important CPI numbers. We'll get to that in a second. If you are brand new to our broadcast, if you could be so kind, drop a like and subscribe. Again, I try to give you the most unbiased point of view of any way. If it's bullish, it's bullish. If it's bearish, it's bearish. If it's indifferent, then you have to be an adult and kind of wait it out. But the most important part, if you've been watching this broadcast for a very, very long time, you know the cheat code by now, right? Anything above the 50-day moving average is bullish. Anything below the 50-day moving average is the embarrass. And if you look at through the whole 2022 session, 80% of the time, we were below the 50-day moving average. Of course, you're going to get random updates in between, but the trend underneath this light blue line has been to the downside. And the opposite occurs when you reclaim the 50-day moving average. But if you recall, this is the last time we reclaim the 50-day moving average right around here. And when we did so, it broke this whole aggressive, nasty downtrend and we started about a month, month and a half worth of upside bias. And just like we talked about on the downside that 75%, 80% of the value is going to be to the downside when you are above the 50-day moving average, then 75%, 80% of the days will be to the upside. So you can see here, right? Look at me, green days, little red days. Green days, couple of red days. Green days, green days, and ultimately, obviously, the market broke trend. So yesterday, the market rallied. If you've been watching this broadcast, you kind of know that number in nausea, right? That 277, 278 level, we've been talking about that number, man. Since Moses, right, was in preschool. So everybody should know about this 277, 278 number. Yesterday, we confirmed it. Usually, it would have been a 200-star overnight long. But the problem was, we had the CPI. And the CPI was obviously going to be the wild card in today. How was the market going to interpret it? And then how is the price action going to respond? And if we've seen nothing just in the last couple of months and the last couple of CPIs, we know how aggressive they were. Here is the downside CPI talking about inflation is still here. Here's your down CPI number with reversal. Well, CPI, everything is now inflation is a little bit cooling. Here's another CPI number. This is great. CPI is cooling more. Another CPI number. Well, wait a minute. Maybe we're going to still continue to raise rates until 2024. So you kind of get my point. So today, the CPI came out. For me, I really don't care about every single detail. Inflation, stagnation, transition, everything in between, right? Stagnation, whatever the hell they wanted, all these words they want to call it. The most important point is how is the market going to respond? How is it going to react? And can we build, right? Because the last thing we wanted to do, if you're a bull, is give up the 50-day moving average that you reclaimed yesterday. So the question was, can you confirm, right? Can you confirm yesterday's price action and crazy wild day today, right? Incredible day. I'm tired as hell, right? I think a lot of you guys are tired as hell, but tired in a good way. We saw a fantastic price action today. We saw bulls get punched in the kidney when the CPI was released, and then they bought that dip within minutes. Absolute minutes, and you kind of said to yourself, well, this day is going to turn into two different things. They're either going to advance on yesterday's price action, advance in yesterday's intervals, or there's going to be an inside day that they were just kind of digesting yesterday's information and today's market data. And guess what? Both happened, right? In the morning, we had some weakness. The market ate up that weakness once again. Cues went red to green. Huge move. Then they kind of went back down. The bulls got their footing, went again, took out yesterday's price action, and closed pretty much at the highs of the day. And now the moral of the story is, again, the market doesn't need to go straight up. That's not what the 50-day moving average is. The key is the longer we build, and not every single day is going to be an update, but the longer we build and continue to close above this 277, 277.5 level, the higher probability we're going to continue to push the envelope higher. The next measure potential for the bulls, and you can see here, we advanced off the 50-day. The next measure potential for the next couple days is this 281, 282, 283 level, and obviously any close above the top of the channel here, the December 15 highs of 83. Then we start pushing into some aggressive territory. You've got 87.5, and you've got all the way up to the 92. So hopefully everything happens very, very orderly, very organically, so the bulls don't come out and say, well, we're moving too far too fast. We want to kind of see how the market handles these levels. So we want to have digestion days, we want to have aggression days, we want to have more digestion days. We need the market to build, right? We need the market price action over every single level needs to be organically built every single day. And even the stocks that had big runs, like for example, Amazon had a phenomenal, phenomenal four-day run, and it rested today, right? And some people turn around, well, Amazon's not participating. Amazon just went literally in the last four days from 86 to 97. Trust me, Amazon's participating. It's just tired, like any stock that had major, major moves. So we want to kind of stay away. Amazon, I think it goes higher. I think it probably sees 102 now that we're building above the 50-day moving average. But in a perfect world, Amazon probably gets one or two more day res days to maybe even test back the five-day trap and then run into the areas. But what we are seeing and what we did see today, a lot of names just like the QQQs that's going to mirror the image, got above the 50-day, stood above the 50-day, closed above the 50-day, and now we're starting tomorrow's session, again, day three above the 50-day. So the moral of the story, guys, bullish is above the 50-day, bearish is below the 50-day. Don't try to get QQ, right? Even if we get a day of rest tomorrow, like NVIDIA had a monster day. Don't think NVIDIA is a short tomorrow. It could be, it could rest tomorrow, but don't think it's a short. Stocks are resting, right? It's just like turning around and saying, well, Amazon didn't participate tomorrow. Tomorrow's a short. Well, you can try, right? The most important thing is I can tell you can try. But again, always stick with the trend. And as my guy, Matt Whitaker, today, set in the webinar, and I'm giving him the author complete credit. If you've been watching this broadcast, there's something called the 10-day moving average that I call the birth of the trade. Matt Whitaker said, hold my beer. The 10-day moving average could be the birth of the trade, but the 50-day moving average is the trend of the trade. And that's exactly what we're seeing now. And hopefully by the middle of this year, we're going to turn back into today's session and go, you remember that day that we could finally confirm the 50-day moving average? That was, quote-unquote, the bottom of the market. One little point I want to bring up. If you guys remember, right? Well, I know you guys remember, March of 2020, when we came out with this pandemic news, it was the worst month of the market in a very, very long time, many years. What happened next month, right? April of 2022, we had the best month that the market saw in a very, very long time. So let's look maybe, let's speculate, right? Let's play best case scenario for the market this year, right? Last year, the Nasdaq 100, Nasdaq was down 33%. Is it so crazy? And this is a rhetorical question and there's no right or wrong answer. I'm just putting it out there. Is it so crazy that we lost 33% this year? If this indeed was the bottom, and who the hell knows and who the hell cares? Like again, we trade one day at a time. Tomorrow, you know, we could be having a conversation in the weekend update. Wow, I can't believe the bulls gave back the 50-day moving average on the close, right? And he's possible. Again, we take it one day at a time, one trade at a time. But is it so inconceivable, so impossible to think after the crappy year we had last year? Is it so crazy to say the market, the Nasdaq could go up 20%, 25% this year? Just putting it out there, right? Not every stock is participating. Tesla, I'm still kind of trying to figure out, yo, man, who's holding this sucker back? Again, you can make speculations, you can have an opinion. But is it conceivable? Is it so crazy that Tesla can just finally turn around and join this stampede, right? I'm watching it, right? I'm definitely watching it. I'm waiting for this channel to confirm. I think when it does, I think good things are going to happen just like everything else. And even the biggest dog, right? Even the biggest dog as Lefty Najario. I can't believe I'm quoting from a movie. But Lefty Najario said, even the dog, played by Al Pacino, of course, even the dog gets a warm piece of the sidewalk, right? Here's your dog. Now we're waiting for the warm piece of the sidewalk. So going into tomorrow's session, again, we're continuing to look for names that are coming above the channel, right? And if you haven't seen Donnie Brasov, I can't believe I'm even saying in case you haven't seen Donnie Brasov. That's where it's from. Tomorrow, I want to obviously look for continuation names. I want to look for stocks that are coming back out of their channels so we can get some really, really juicy value. So let's talk about today's pivots. As you can imagine, everything confirming the 50-day moving average is going to be a kind of a big deal. One stock didn't participate. We'll show you that in a second. Meta, 134 needs to build. Here was Meta. Meta continues to be incredibly strong. So it took out this 134, traded all the way up to almost 138. Tesla, again, still hasn't confirmed. There was a cute little pivot to the upside towards the afternoon, but it has nothing to do with this. Microsoft, massive, massive strength today. 236 needs to build. Here is Microsoft, right? Took out the 236 20-day supply and went right to the next supply zone, which is 50-day of 240. Can you guess where it needs to confirm to go higher? You guessed it. It needs to confirm 240 to go higher. But a really nice move on Microsoft. Amazon briefly got above that 97-level pre-market, and they kind of had its res date, didn't do anything. Airbnb did really well. If it opens below 95, and that's exactly what happened, use the daily. If it opens above the pre-market highs, use 96 for confirmation. Here was Airbnb. I still like it going higher tomorrow. It confirmed the 50-day moving average. That's going to be kind of a theme. It took out the 95, took out the 96 pre-market highs and traded up to 99. I think there's just a shot of this thing confirms tomorrow's channel, sees 102-104. Looks really, really good to the upside. This is the one that really didn't do anything, right? And it's a little worrying that it's Apple, that it's arguably the most important stock in the NASDAQ 100. But not everything could participate at once. So here is the pivot. 133.55 needs to build, and not a big move at all, which is, again, a little eyebrow raising. It took out the 33.50, traded up to 34.26. Again, you can make an argument. It did still put in the highest close in this whole formation, but really didn't participate in down 8 cents on the day, which is very, very ironic. This was definitely the biggest move of the day. 171 needs to build on the video. I said there's a shot. It gets to 65. It went to 66. Beautiful move on the video. And you can see it took out this whole channel here. 61. 61. 20s, traded right into supply here. 65. 66. I think this thing goes higher. If this thing starts building today's channels, you could see 170, and maybe even 175, if the market continues its rally. But again, it didn't stop there. As you can see, things just really got aggressive. QQQs, we took this red to green twice today. Beautiful moves. The second one just went absolutely nuts. This was the dip buy that never got to that level. Pan W never confirmed 132. Here's what I'm talking about. For experienced traders, watch the red to green move and the reclaim of the 50 day. Obviously, they just went absolutely nuts. Here's my kind of comments for the Twitter feed. Sell some in the video from the 61 into the 63. 50 supply and then keep a runner to 65. It got to 65, got to 66. And here is a little cute pivot on Tesla towards the afternoon. 122.70s, 123 needs to build. Keep in mind, it's a sneaky pivot on the 60 minute channel. Use it for cash flow only. It needs to build over yesterday's channel for a bigger macro potential. Again, a cute little move on Tesla. Here's the 123.70s. Excuse me, 122.70s right here. 122.70s, 123. You know, got up to like 124 and changed. Again, just for a little bit of cash flow. So again, you wanted the bull market. You got the bull market. Now the question is from your experience or your brief experience or everything in between to be an inspiring trader. How much are you going to take advantage of it? And that's the name of the game. That's a question that I can't answer for you, right? That's a question that every single trader, no matter what they're doing, no matter how they trade, they need to establish where the macro trend is into the tape and how can I use my specific process to take advantage of it. That's it, guys. Have an awesome, awesome Friday for all you guys who are joining us in a live webinar and you're taking your shot at the pivots. I think you're going to like it. Again, it might be a little bit biased, but I think you might. For all you guys who are not, I wish you guys the best. Have an amazing trading session and I'll see the rest of you guys on the weekend video. Guys, God bless. Have a great night.