 It's not in it for one day to make one trade. You're in it for a lifetime. You're in it for longevity. It's a career. It's not a job. It's a career. 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, good evening, everybody. Welcome to another edition of the Axis of Trader.com. Nightly wrap up show. Hope everybody is doing well. I went to get a COVID vaccine shot today. I'm a little out of it. Nothing really crazy, more tired than anything else. No other side effects. I'm a little sore, but that's about it. So hopefully, well, hopefully this damn thing works. Hopefully everybody can go on with it alive. So let's talk about the tape. So it feels like we're here again, right? And it feels that way because, well, here we are. So I want to kind of backtrack first. So last night, if you watched the video, we were talking about where the indexes were. And the Dow Jones industrial average yesterday, two days in a row below the five day. Again, that's not a good thing, right? We talked about that, not a good thing. Today the Dow came in about 300 points. IWM, we talked about it last night, five days building below the five day moving average. Obviously, that's not a good thing, okay? Really got crushed today. And the reason why this was such a big deal about the IWM was because the IWM really has led us, it's crazy to say, but really has led most of the market participants in a lot of the speculation names. And this is the first day that closed below the 50 day moving average. Obviously that's not a good thing as well. The SPY we talked about last night, right? Started building a base here slowly, but surely several days under the five day moving average. And again, really not crazy, nothing really to talk about. There's no really big sell signal. But again, the most important part is we understand where it's not, right? It's not oversupply, it's under supply. And when you're having a market, when you're continuously looking at a market that is under supply and most indexes today closed below either a micro or a major macro supply zone, that's not a good thing. That's why a lot of the names that if you see spiking in the middle of the day, they're probably gonna have a shorter shelf life than something that is above supply. So for example, if you look at pretty much everything today, right? And we came so close today, reclaiming the 50 day moving average again on the cues, but it's like you're going to a strip club, right? You're coming with a thousand dollars to strip club, 500 dollars to the strip club, 200 dollars to the strip club, right? Children leave the room. And you're getting the lap dances, 20 a pop, 20 pop, I love you, what's your name? I love you, where are you from? I love you, right? You wanna have dinner with me as soon as you run out of that 20, get the hell out of here, next, right? Onto the next one. And that's kind of where we are. We're in this kind of, we're kind of in the strip club, right? We're kind of in the strip club here, we're here are the dancers, and as soon as you run out of money, they reject you, right? All at supply, supply, supply, supply. And we came so close today with so many names getting above supply. Like if you look four hours ago, Microsoft was a day away of exploding. Apple was a day away of exploding. Amazon, out of all things, Amazon looked today like perfect. And we'll talk about the pivots in a second. I said, if this thing could just close above 3182 today, it's gonna expand. It's gonna really, really go because it's gonna reclaim supply. Look at the high today, 3182 perfectly. So where we are in the spectrum of things, and I see a lot of traders talking about it's choppy, of course it's choppy. We have predominantly, you know, the majority of stocks underneath supply zones that are mirroring the images of the index. Well, of course they're not gonna go anywhere. They're going to have short lives. You're going to get a lot of stalls and starts and starts and stalls, and you're gonna have a stock that's looking like it's about to explode the next day, but it never gets to the next day because it keeps on getting rejected at supply. And even the strongest one of all, and again, we'll get to the pivots in a second. Again, congratulations to you guys who caught Netflix. Even the strongest one of all, right? Beautiful move. You know, had an $8 candle right off the open. Phenomenal, right? Absolutely phenomenal, which I missed by the way because again, I was online getting my vaccine. But the point is, even a stock like this with all its strength just did enough just to kind of reclaim the 50 day moving average, but you saw the difference between a stock over supply and a stock that's under supply. And when you're dealing with a market that is under supply for 85, 90% of the stocks, you're not gonna get a rally. You're gonna get a bunch of short dead cat bounces that are eventually gonna get rejected, but you're not going to get anything that is going to be meaningful unless you catch something, again, that's that reclaim macro supply. So going into tomorrow's session, and it's gonna be a mess, man. If you are a perma bear, excuse me, if you are a perma bull, you're gonna have a lot of problems tomorrow. Unless you're trading these crazy stocks like this dolphin that just absolutely exploded after the close and these HOVs that you're trading up 50, up 80, up 250%. Unless you're trading those, that's not really a conversation for you. But if you're trading normal names, right? Like normal names that are having pretty good money flow up and down, long, short, whatever the case may be, you're gonna run into a wall. Now the good problem, well, not a good problem, but the good solution to that is start looking at names that potentially already got rejected off supply. And now they're starting to take out the previous days low. Now, if you're in a market that looks like this, right? And again, the jury is still out on the queues. There's a hypothetical question out there and nobody's gonna be able to be right or wrong until it happens. That's why it's a hypothetical question. The question is, do the queues finally burst out, right? Do they finally burst out above the 50 day moving average and the money flow goes out of everything else, right? They're gonna have that big, big run and go into the members of the queues. You know, the Tesla's of the world, the Netflix's and the NVIDIA's of the world that looks so great today, four hours ago, not so much anymore, right? Or was this just kind of like that the chicken running around with its head right or about to collapse? Because again, if everything does pull the market down, and again, we've seen enough evidence now in the charts to kind of show you that where we are in the spectrum of things, well, was this just a dead cat bounce? What's this just a couple of days of like this honeymoon phase and now we're getting back to well, just start selling the cycle just the way we did for the previous three weeks or so. So there's a lot of question to be seen. The one thing that I know for sure, I don't wanna be long, right? I know I don't wanna be short yet, right? Maybe that changes tomorrow by the first or second candle depending how some of these tech names potentially start taking out the previous days low. But at least for now, where I am right now, I'm kind of Delta neutral because we're not, we didn't take out the previous days low, right? And we didn't take out the previous days high. So we're kind of in the middle. So somebody's gonna turn around and say, well, that's a bullish inside day. Well, you have to create a day, right? To create an inside day. There is no day to be created, right? So I think the big number here again, folks, 321 on the close, it's nausea, but it has to be done, okay? If we start breaking down below yesterday's levels of the 315 level, then I'm gonna start looking at some shorts for tomorrow. They're not gonna be painfully obvious because again, a lot of names did bounce, but this is when you start doing your homework and you start looking at the 60-minute charts and you say to yourself, well, what didn't take out, what took out the previous days low, what's not rallying after it made its initial low, after taking out the previous low, and what now needs to confirm on the next channel? And that's going to be kind of our wait-and-see approach for tomorrow's session because if you go through your charts today, and again, every single trader should be looking at charts, you're gonna see a big mess, okay? You're gonna see this ridiculous sewage septic tank of, I guess they're called charts, both mid cap, large cap, biotech, technology, it's a sea of crap, right? It literally is a sea of crap. Our job is to stay disciplined again, like we've been saying all the time, especially in the market that's on the supply. Our job is to really see the trends form early. And again, that trend doesn't need to be up. That trend can be down for tomorrow. And if they do start, if they start committing to a trend, start confirming previous channels, something is gonna give tomorrow. Again, if you look in this channel here, it's very, very tight, right? 321 to the upside, 315 to the downside, so something is going to give. So our job tomorrow, let's just sit and watch, have an open mind. You know, logically it looks like a sell action, right? I mean, doesn't it look logically like there's a sell bias inflection point going on for tomorrow? But again, this market is so warped. It's so twisted that at any given point, it'll do completely the opposite of what you think is gonna happen. So we actually have to wait for it to play out. Probably wait for that 10 o'clock channel, maybe even the 11 o'clock channel to get extra confirmation. Just remember, it's not a race, guys. It's not in it for one day to make one trade. You're in it for a lifetime. You're in it for longevity. It's a career. It's not a job. It's a career. And if you do focus on the long game instead of the short game, you're going to be fine. Just remember, like I say every single day, there's days that give you crazy value. Like this morning, there was a potential of tremendous value, which Netflix was the catalyst. Or you could sit there and get two, seven offs and try to squeeze water out of a rock. It's not gonna be any benefit to you. You're gonna burn mental equity. You're gonna burn all type of equity and moral of the story is eventually you are going to become a statistic. So let's talk about today's channels. There was actually some pretty good ones. Like I always say all the time, you don't need a lot, right? Especially in beta, you really don't need a lot. All you need is that right one. And one that catches fire, that's usually gonna be the one that confirms and does really, really well. So let's talk about it. RBLX, I liked above 73, never got to 73. This was definitely the big one. I missed the move because I was getting my COVID shot. When I came back home, I caught a little bit of a bounce on it. And when the futures pulled, it was a very, very small bounce. I made a cup of coffee there. But anyway, 530 sneaky daily area needs to reclaim the macro level that is huge is the 50-day supply. 534 needs to build. And here was definitely the move of the day. Congratulations, you guys, you caught this. So here was the 530, right? Got upgraded today. Here was the 530, here was the 534 confirmed the 50-day moving average and went right to 543. It'd be interesting that the, I still like Netflix, right? In case we do rally tomorrow, I do wanna watch it kind of opening range highs, but we'll see, you know, we'll see what happens there. But again, good job for all you guys who did catch that on the video and never got there. PDT, I'm very surprised this thing hasn't crashed yet. So 3550, 35 needs to build to the downside. Very, very weird stock, right? It looks like it hasn't had a green day in a long, long time, but at the same time, it just doesn't wanna collapse. So it takes out the 35 and a half, trades down to like 33 and change, and then kind of props back a very weird stock. Yeah, I still like it lower, but very weird stock. Roku, you know, not a big move. 362 needs to build. Only put up a couple of dollars if he did catch a good job there. But here was the 32, excuse me, 62, went to 60, 64, not a big move at all. And you could tell the difference between a Netflix being above supply, you know, it goes up, you know, $7, $8, $9 after the pivot versus Roku that's still underneath supply. Lumenon never got there, DVAX never got there. Blink never got there. This stock continues to be really well, pretty good. DMTK, 63 needs to build. Here was DMTK, if you guys remember, the initial pivot was yesterday off that 59 level and it confirmed all this channel, confirmed the 63. And it went to almost 67, really, really big move. Congratulations for you guys who caught that as well. AYRO, small little, you know, small little sucker. You know, not a lot of people talked about this. 750 needs to build. Here was AYRO, right? So it took out the 750 and it went to A20, right? Not a bad move, not a bad move at all for you guys who caught that as well. ILM and nothing. Again, looks ready for 434, 45, monster area. And I go, of course, I'm gonna miss it because, well, I'm standing in line and da, da, da, da. This is me. This is me literally standing in line, right? This is literally me standing in line as I'm watching Netflix go up six, up seven, up eight, up nine, blah, blah, blah, blah. So again, if you guys caught it, congratulations. And then six hours ago, just to show you how fast things change in the market. I go, beta is setting up so excellent for tomorrow. Like so good. Like at one point, Amazon was up like 70 and I'm like, wow, the 50 days, 3182, that's also the high of the day. Any clothes above a Super Bowl or Shabaya just came in for the April 3,200 calls, $1.8 million worth of bets. It looks so good. And then yada, yada, yada, we got rejected. Again, obviously I was looking for more upside bias and never got there as well. This was definitely the big move of the day. Congratulations for all you guys who caught this trade. Funko, right? There was some sort of news come out that, this is an NFT company. If you actually read the news, they actually do have something to do with NFT. So 1850 rejected twice on the daily. 19 is macro, right? This is where it needs to build. 1973 is also the 52 week high. Congratulations for you guys who caught this move here. So it took out the 1850, which is right here, right? Took out the 1850, took out the 19, took out the 1973 and traded all the way up to 2117. So the market is bananas, okay? The market is a very, very stock pickers market and that's both long and short. You have to be adult enough to understand where we are in the spectrum. Because if you're not, if you just sit there for the trade if you sit there for the day, you're just not gonna get anywhere. You just really, really not. And unfortunately, those who aren't patient and those who are committed to the trade instead of committed to the longevity, eventually, you know, unfortunate to say, you're not gonna be trading. It's just kind of what it is. So guys, tomorrow is gonna be a big mess. We have to be very, very patient, very diligent to see exactly where the theme plays out, whether it's long, whether it's short and wait for that confirmation. Guys, have a great night everybody. Get some rest. And with God's help, we'll see you all tomorrow. Check out guys.