 right 109 calls right today they're coming to the 112 calls guys watch Amazon for tomorrow this thing is literally you know it could be a day away from getting involved 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 access of trader.com nightly update show happy Wednesday hope everybody had a good trading day if you are branding to channel please like subscribe share tell a friend we are trying to push through the unbiased technical analysis movement and I think the day-to-day basis works very very for a lot of traders kind of you know simplifying the way you look at the market into a small universe instead of having mass opinions what you think is going to happen in a certain time frame so let's talk about it right so yesterday the market had a really good organic rest right we had this big big move up on the queues for the last several days the day before CPI you know it was very very methodical not a lot of expansion because again it's very understandable if people probably are not making any bets until they see the inflation numbers core CPI came out this morning and this is the first time in two years it fell below 5% they'll get excited 4.9% but again baby steps Rowan wasn't built in a day the initial spike very very aggressive you could see the pre-market spike very very aggressive and then it came in pretty more aggressive and then the spike back aggressive so the one crazy part about this tape and it again you could you can make the you can at least see it like I've always maintained the idea of the scoreboard is a scoreboard the scoreboard is telling you where where it yearly highs where it yearly highs I'm okay the way it got there so I do see a lot of frustration though from especially a lot of perma bears that how is this market with all this aggression especially intraday that's being pulled how can this market feel so good for certain people but again the scoreboard is the scoreboard right now we are at yearly highs we came in today with the cues up more than 21% for the year and it is what it is I think the the narrative of the market is only being pushed up by five stocks you know I think you could put that to bed of course the markets are going to go straight straight up and again we've seen some technical damage in a lot of areas even from February but yet we find ourselves back at highs again it doesn't make a difference how you feel about it what your opinion is again the scoreboard is the scoreboard the Nasdaq today price improved on anything the only reason why it stopped going higher because it hit the Bollinger ban at 326 we talked about all these prices on the weekend video that it needed to get above that 324 level if you guys remember on the spies right we talked about the spies that it needed to get above 314 that's where it got rejected that's the one aspect of the market that's still seeing the disconnection if you saw the banks today they started getting weaker like a name for example like key corp right key corp had this really disgusting move down phenomenal move overnight this is the lowest close in the five day formation again you see a lot of charts look like this look at a name for example like h-band as well you're kind of starting to see the same thing so the fact that the Nasdaq is you know putting in such aggressive rallies despite now this is now going three four days despite the continuation of weakness in especially the regionals really does show you how strong the tape is obviously again every single day that can change and the banks could rally in the queues members of the Nasdaq 100 get slaughtered and you know it's all part of the game but as of right now that's exactly what's going on you you got after the close you had you know numbers come out on disney not a you know not a huge reaction but down you know down 2% and then nothing crazy but down you know down 2% so and now is obviously the big loser after the close down over 20% today we had the google ai event if you guys remember google was a pretty big bot they were pretty big buyers on google all the way through the last couple of days if you guys remember they were coming for you know the the 10s the 11s the 12s and you know the google event actually played out pretty well here's kind of the fine twice i'm just going to read them to you they they rolled out a lot of different stuff the new palm too large language model all ai of course the new ai writing tools i'm not going to go through all of them but let's see here you got the ai search bar the ai budget android phone you got a $1800 pixel folding phone hey listen the market liked it right the market liked it they threw a bunch of ai you know ai which is the hot take of of of 2023 and you know they it took a lot of names higher as well we talked about amazon last few days and they were coming for aggressive 106 107 right 109 calls right today they're coming to the 112 calls guys watch amazon for tomorrow this thing is literally you know could be a day away from getting above you know that last run into the linear regression line this thing looks really really great um you know meta you know meta i was watching meta today for continuation people watching the video for the last couple days i was waiting for them to get above the five day just like everything else in the cpi when everything spiked you know meta spiked it just went straight down that didn't even give you an opening range play which is very very odd considering that it does have a catalyst and you know really really strong earnings but again you know it is what it is uh some names that did not participate today uh tesla right i actually got long tesla above above the high from two days ago it stalled out literally one of 50 cents did nothing it was a real seller in the crowd got out of the position uh got out of the position no harm no foul and you we watch this thing get hit keep an eye on tesla for the next couple of days you guys see how the stock is just stood is getting defended here on the five day right this orange line keep an eye on this thing if this stock can't rally in the next couple of days if it eventually starts losing the five day moving average maybe this thing starts to roll over again something i want to see because the one thing i've always i've always realized and a long long time ago when the market is this aggressive and the stock is now participating that's a problem right you want to give it one shot you want to give it two shots uh but the stock is now participating that's a it's a you know it's not really uh a great uh great sign um microsoft again uh is going out of its mind we talked about amazon we talked about microsoft amazon google all these things the last couple of days have finally got above this channel here got above last week's highs and now is uh really really uh moving uh apple i think might be one day away right which it's a great consolidation just needs to get above the earnings highs hopefully in the next couple of days uh this thing uh can wake up as well and let me just give a get get you guys a couple more names to kind of watch uh for tomorrow uh oh shop uh listen that Shopify uh Spotify right so i traded Spotify also today finally got above tomorrow the thin stock finally got above the uh the earnings highs we talked about now put a nice little move but boy oh boy i really thought this thing was going to explode up 10 today of the consolidation and watch uber in the next couple of days keep an eye on uber so i know i understand uber had a big big run and yes you'd like to see it go sideways maybe for the next couple of days but eventually it starts it needs to start taking out this upper range here and when it does uh maybe this thing finally starts uh waking up as well uh still waiting for this IMGN this is like the longest uh consolidation like ever uh but eventually you know i think listen eventually this thing uh gets above the range that the recent PRs range uh this thing's going to go to so look the market is continuously to be strong uh you know is that going to change you know who knows right who knows we're not in the guessing game uh but the most important part is we're sticking to the themes the option flow the deep out of the money short term expiration whatever is is happening that is uh what is being rewarded in this tape uh a name like Shopify uh we've been talking about a potential back test right uh the other day it opened up down $1.50 it did nothing today to put an inverted hammer again i'm not talking about this thing this is the high for the stock destruction of prices but i want to watch this thing for the next day or so if it could start losing a couple of days of ranges this is strictly for a trade right don't get crazy the stock looks great if the market continues it'll probably be higher you know a couple weeks from now we're just looking for it to take an advantage of gravity plus this inverted hammer here and if it starts losing back this five-day moving average maybe it'll finally give us a you know a nice uh a nice trade to the downside because keep this in mind the stock has gone from 46 uh all the way to 66 you know what i mean so you know a couple of dollars two three dollar potential back test is not uh really the end of the world again i just want to be prepared on both sides of the market so let's talk about today's channels uh Spotify again we talked about it i you know i i traded some Spotify i went up like a dollar a dollar change nothing crazy there um tesla you know i bought tesla off the 73 80 74 area uh that was the high from two days ago like i knew there's going to be a little bit of supply coming in so it hits supply but then a reload seller came into the stock and we were watching it watching it watching and i was like hey guys if this thing doesn't move uh in the next minute or so i'll get the hell out i use break even as you stop and you know the seller just was relentless and that's kind of why i'm watching this thing and this is kind of why i'm watching this thing if it starts losing uh the five day in the next couple of days on the video had an initial thrust uh 289 73 needs to build and then the stock you know never just really recover the whole day but it took out the 89 73 went to like 291 i still like this thing over the next couple of days but i think right now it's a little bit in the middle of the range probably needs one more uh day of rest uh microsoft just a monster uh 3 10 20 needs to build we talked about microsoft consolidation this is why apple is consolidating as well got above these two candles here right you see this here right 3 3 10 20 was the high from two days ago yes this high was 3 10 once it got above the 3 10 20 it took out the previous channel so i have 3 12 went to 3 13 this thing still looks good uh on dips or into strength above today's range uh amd is just an absolute free show monster these days uh amd 96 80 needs to build here was amd went yeah basically 100 right we took out 96 80 and went right to 100 99 94 just an absolute stellar move uh there uh etnb we talked about last night 18 35 needs to build not a huge initial move but uh is stock is looking pretty good etnb broke out about 18 above 18 35 went to about 19 before it got rejected but this is definitely the highest close in this whole formation uh img and i'm still waiting it's been rejected off 14 like 68 thousand times or at least twice apple we're still waiting for that consolidation meta again we talked about we talked about meta just never gave that opening range high and ttd got rejected same area mary got rejected off the same area and that's it right that's it so you know the plan every single day is definitely be prepared you know i'm watching some potential if the market is weak tomorrow i'm definitely watching tesla if the market's weak tomorrow i'm definitely watching Shopify in case it can't rally uh and then in verne the hammer is a clue that there's a you know another day or so of back testing but at the same time man we're watching we know strong stocks in the dip microsoft google amazon these things are rock stars right now so until it stops working you got to keep working right guys everybody have a great night game five tonight nicks uh heat i will be there guaranteed guaranteed a loss for the nicks right i have to bella check or at least reverse bella check the market hopefully i could break a 20-year streak of losing home playoff games when i go guys have a great night everybody god bless as a reminder tomorrow is thursday it's my regular night off so there is no video if you are planning to join us in the live webinar please get there early tomorrow for morning strategy we discuss the morning pivots get you situated and see how the wonderful world of pivot works guys have a great night everybody god bless and i will see you all tomorrow take care