 The market has nothing to do with the economy. I know it's this crazy statement, but it really does it again. 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 Axis of Trader.com nightly update show. Hope everybody is doing well. Hope everybody had an amazing trading day. If you are new here, please like, subscribe. You'll really be helping the channel a lot. And we, as return, we try to give you the most unbiased outlook on the market that we could possibly can. So that's what it is. So let's talk about today's the Fed Day, right? Yesterday's super aggressive action. Again, as we've been talking about for a long, long time now, since, well, the start of 2023, bad news consistently is getting engulfed. You can see that all through the month of January. You can see on any day that has a potential move down, it gets completely engulfed. I mean, that's the best way of saying, and that's what bullish action looks like. Again, I don't care what you call this, bear market rally, bull market rally, whatever you want to do. I mean, it's not the first time you've heard me talk about this, but whatever it is, acknowledge the price action, right? Respect the price action. And right now, the price action is acting incredibly well. Again, you can go through 30 different thousand sites breaking down exactly what the Fed did today. This is basically it. Fed raised rates a quarter point and they're expecting ongoing increase. That's all you need to know. And it's not what they said, it's the reaction, right? We talk about price action all the time. It's the reaction of what they said and how they said it and whether they said it, it's gonna be good, bad or indifferent. The point is the market is the market and fair value is the closing basis. And you saw the two o'clock reaction, right? You saw the two o'clock reaction initially spike up a little bit, then come in a little bit. And once Powell started speaking and it wasn't really anything materialistically that was different in his speech or in his words from the last Fed meeting cues just absolutely exploded, everything exploded. And here we are, right? So whether you're calling this a bull market or a bear market or whatever market you want, supermarket, right? Whatever market your heart desires. The point is the price action is spectacular. The Dow was down at some point today, 300 points. They closed, what are the Dow closed today? The Dow closed up on the day. NASDAQ put up another 2% move. What are we looking at? And NASDAQ up what so far, what? 13%, right? 13%, 14% for the first month in a couple of days. So yeah, the bulls are doing it, man. The bulls are doing it. As you can imagine, everything went nuts today, right? After the Fed meeting, everything went nuts. Tesla, Amazon, NVIDIA went nuts, spies went nuts, cues went, I mean anything market sensitive stocks went absolutely crazy. Again, this is where we talk about all the time. A lot of new traders are just overthinking it. You guys really are. You still can't separate. You guys still can't separate real life economy versus the stock market. They're completely disconnected. I think we talked about this in the last, literally yesterday's video. The market has nothing to do with the economy. I know it's this crazy statement, but it really does it. Again, go back to last night's video. We talked about this. 2009 was the generational bottom. In 2009, people were saying, how can the market rally here? This is a dead cat bounce. Look what's going on in the world here. The market is, the world is still bracing from the financial crisis, the domino effect. How could the market be going up? That's the whole point, right? That's the whole point. And now, again, not to compare this to the generational bottom of 2009, but again, like we said at the start of the year, we would down 33%, right? We would down on the NASDAQ for 2022 and people are still looking for the market to collapse. The market collapsed. It was 2022 and now what we've been talking about since the Q's reclaimed 278, right? That was the bull signal. Once we reclaimed the 278 on the bulls and reclaimed the 50-day moving average, that was it. Guys, again, think about it. Three down days since January the sixth. Again, whatever you want to call this, it's pretty damn impressive. And again, it doesn't make a difference what your opinion is, what you think is gonna happen two weeks from now, three months from now, it doesn't make a difference. Why don't you just tell me who you think, who's gonna win the Super Bowl, right? It's opinions, who cares, right? You're either gonna be right or be wrong. But the point is, if you're waiting for this epic collapse, it already happened, right? It was called 2022. Is it possible the market turns around tomorrow, right? We started having technical damage, absolutely, of course. But again, if you're trading trade by trade day by day, your inventory is protected via hedges, whatever the case may be, you're never going to be surprised as long as you know where the wind is blowing. And obviously, again, as you can pretty much see it, the wind is very strong behind the bull's back. That's it. I mean, that's basically it. I'm not sure how more creatively we could talk about what's happening in the market. I know it sucks, especially for new traders, that you're fighting the market or not participating alongside because you don't believe this rally. Again, what can we do? We're all adults here, right? You could either trade in the market and they're not trading the market. It's not gonna really affect anybody else. But the point is, at some point, you have to start looking at the market that you have and not the market that you want and try to participate. If not, whatever. Listen, everybody could talk about the market. It's great water cooler talk. But at the end of the day, if you're not an active participant throughout the day, hopefully one day you'll decide to participate. And that's it. As you can imagine, going into tomorrow, Meta is definitely setting the tone for tomorrow. Meta came out with earnings. And as you can see here, yeah, this is a pretty big Viagra-esque type of candle. And as you can imagine, it's taking everything up with it. Amazon not only did have a phenomenal spike here towards the end of the day, but it is up into the 107 gap tomorrow. You got the Super Bowl of the three Amigos. You got Apple, you got Google, you got Amazon coming out with earnings. Pretty big bets ahead of Amazon into earnings, even today into weakness when it got back down to the rising five-day support, which the Bulls trapped the Bears again. They were coming for the 108s, which basically is gonna be there after hours, 108s, 110s, and the 115s ahead of tomorrow's earnings. Does it mean it's gonna blow out their number and go to 130? Who the hell knows? Again, earnings are a crapshoot. Tomorrow, you got also Google. Google, we saw some pretty decent bets as well for the 105s, nice-looking chart there as well, and Apple, right? The world's one of the world's most important companies, hoarder of cash, your friend and mine, because everybody has 12 different Apple products in their home, because that's the way we're programmed. They're on deck for earnings as well. So that's it. I mean, that's basically the technical side of what's going on here. Any weakness in the market tomorrow, again, what we talk about every single day, look for strong stocks, enterizing support for any weakness, because that's what's happening. The Bears are getting trapped, enterizing support, and when they do get trapped, enterizing support, stocks tend to snap back. For now, that's where the bullish tone is, and for now, that's where the money flow is to be observed, and that's it. So let's talk about the pivots. I mean, look, as you can imagine, everything went nuts, right? It's not, we didn't do anything different today, or magical today. If this was one of those social media things, I'd be interviewing 19 people that made $32 on the day, who gives a shit, and I say that in the nicest way. When everything goes, everything goes. You don't have to be a genius, right? You don't have to be a genius when technical analysis confirms supply, stocks go higher, when technical analysis confirms demand, stocks go lower, and that's exactly where we are. And today, you could see, even before the Fed stocks were going incredibly aggressive today, and that's the point. People are going aggressive. The market sentiment is strong, and the price action played out. So let's talk about the pivots here. Amazon pre-market stopped in that 103.50s level. It came into the five day moving average. It got held, it got defended. They reclaimed back to 103.50, and here is Amazon, right? Here is Amazon about to soon hit that 108, top of the range, between 107 and 108, but that is the area. If you are holding some Amazon overnight for you guys in the webinar, make some sales here. There's no reason to wait for tomorrow. Make some sales into this push to the 107.108s. A really nice move on Amazon, as you can see here. It took down this 103.50, and here's where I'm talking about this 107.108s, right? That's the next supply. That's what I'm saying. The price action should be stalled out a little bit. IQ, we talked about this couple of days ago. Massive reload buyers came in yesterday for the February and the March 850 and $10 calls. Seven and seven, 10, that's the spot. That's the spot here. Here was IQ. Really nice move today into the 730 area. Really nice move. Really, really nice move there as well. Again, option flow continues to dictate what the market has done. Boeing, this is before, right? This is before the Fed, right? When nuts, Boeing 215 needs to build tight daily base. Here was Boeing. Ironically, it actually turned around, but look at the move here at the open. Took down this whole 215 channel and went to 219. Great, great move on Boeing today. As you can see, everything. Tesla, 174.30 needs to build. It built, right? It built. It took down every level today, every level. Took down the 74.30, took down the 77. We've got rejected several times pre-market and traded right to supply here at 184. This thing confirms 184 tomorrow. There's 10 more points in the stock. They were coming for the 190s and the 200 weeklies, like they were going out of style. Big move there. The video, geez, look, the video. Talk about the video. 197, 198 needs to confirm. Look at the video, man. Talk about a rock star. Look at the video. Look at this damn thing then. Look at this damn thing then. Went to 212. Just, it's sick. Just absolutely sick move on the video. NET, I wasn't watching. 5380 needs to build. I have no idea what NET did. I'll be finding out right now. You guys, man, not a big move. 5380 looks like a lot of bucking change, but again, nice move there. Lamb research, right? LRCX 501, let's call it 501 and 504.55 macro area needs to build. Thin trader. Look at LRCX did today. I mean, this is crazy. Look at LRCX did. It took down to 501, took out the 505 and the damn thing went to 534. Okay, right? Okay, docu, I like this docu. Docu 6160 needs to confirm the 200-day moving average. Here was docu, closed right above the 50-day moving average here over that 63 level. Big move there. Again, this thing looks higher on docu, but again, guys, you could see every chart. If a stock didn't participate today, it'd be odd, right? So when you're dealing with high beta names, especially mega cap technology names, if the cues are exploding, everything's gonna explode. It's again, it's not like you did anything special today. Stocks has got super duper aggressive on macro channels and speaking of the cues, this is the one that just set everything at the orbit. 295 rejected twice, needs to confirm and here with the cues, right? We talked about the cues last night, stopped at both areas. If you look, if you watch last night's video, you can pretty much guess areas where we were talking about for today and we talked about in last night's video. Cues stopped back to back areas of 295. They reclaimed 295, went all the way up to 303, just absolutely incredible move and I think that was it, right? Oh, and guys, watch this little BB, right? Watch this little BlackBerry, right? 442 needs to build, it just started, it just started. Keep an eye on this thing today for tomorrow. Look at BB, right? It took out the 442 traded red, not a big move, only went up about a dime but keep an eye on this BlackBerry in case these meme stocks wake up again and shop, shop was weird. I bought shop, it went up about 70 cents, it went up about 70 cents, then it came in, it was pretty much a flat trade. Yeah, whatever, you can't get everyone but ultimately guys just, what's there left to say, right? What's there left to say? Pretty cool and I said this a long, long time ago, just trade the market you have guys, okay? We all have this sensationalized opinion of what life should be, what the market should be. The point is life is not fair, trading is not fair and sometimes you're going to be distracted from everything around you but what's in front of you that you can see playing Jane. So guys, that's it guys. Tomorrow is Thursday, it is my night off if you are joining us tomorrow in the webinar or on the Squawk box, walk on the board and look forward to working with you guys. So tomorrow, there is no video, I will see you guys then on the weekend video, right? Have a great, great Friday. May all your blessings come true, stay healthy and stay solvent. Have a great night guys. See you tomorrow.