 Today, it finally confirmed the 50-day moving average, took out 3312, we'll talk about the individual opponents in a second, and now we saw a really good, aggressive call-binding community. 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 theaxisitrader.com. Nightly update show, hope everybody is doing well. Happy Thursday, everybody. Hope everybody had a good day of trading. Sorry, there was no video last night. I thought my daughter had her finals in her softball game. It turns out it was two out of three, so there's actually a game tonight, which we won yesterday, and my daughter is pitching, so right after I am done with here, I am going to the game, so I wanted to get you guys up to speed while there was no video yesterday. So let's talk about the tape. So this was going on today. You had a pretty good weakness, or at least backtesting today, in the banks. Banks had an incredible run all the way back from the start of the year, so nobody should have any ill will or any playing of violence for them. Oh, whoa, it was me. Got a great run, absolutely great run. A lot of names, and again, you can go through the whole list, Goldman Sachs, Citibank, pretty much anything that financial got hit today, and they are looking pretty soft for another move down tomorrow. I think the big story continues to be not the lack of participation in a lot of names, but a lot of names are participating on a smaller scale and still attempting to kind of get their head above water, and you could clearly tell slowly but surely how they're starting to pick out, and you look at names like a Roku, right? Finally closed over the 50-day moving average. It's very, very good. You have Zoom, although it hasn't been a smooth trip ever since it had earnings. You can see it's literally one day away from confirming supply again. Very, very good, strong move as well. Again, a lot of names in the tech space still having problems, right? Look at Apple, again, it's coming very, very close to its 50-day moving average and kind of failing. Netflix, again, you almost have to wonder what is gonna get Netflix even going? Even on the strongest days with NASDAQ up 100 plus points, Netflix still can get out of its own way. A name, for example, like Alibaba has been an enigma, right? Great company, strong fundamentals, everything. I mean, look at this chart. You would think we were in a three-year bear market, but as we've said, there are some names that are waking up, that are looking very, very good and they finally broke out. And again, there is no bigger name and we've been talking about the levels now pretty much in nausea on Amazon for quite a couple of weeks now, right? We knew about the 50-day moving average. We knew about the 3300, we knew about the 3312. And the wonders of Amazon is, and this is why so many traders are just really fed up that this stock needs a split, right? Everybody knows that. It's only tradable literally three, four times a week. Last time the stock was tradable, if you guys remember when it confirmed the 50-day moving average and went on this 250-point run. Today, it finally confirmed the 50-day moving average, took out 3312. We'll talk about the individual pitts in a second. And now we saw a really good aggressive call buying coming in for the 3400s, for the 3450s. And this is your pot of gold now. So if the market continues to be good and if you look at the cues, and again, they're just building and building and building over last Friday's remount of the 50-day moving average, then Amazon, if everything goes well tomorrow and if there is continued strength, you could see a move all the way into this gap here, this 3400 possible level, right? If there's one more big move in the Nasdaq. So Amazon looks great as well. Remember, ZS, we've been talking about ZS for like every day it felt like for a long, long time. And we're turning around and saying, well, why is this thing ever gonna wake up again, right? It came out with earnings, one, two, three, four, five, six, seven, eight, nine, 10, 11, 12, it's almost three weeks. Three weeks ago, and when every day it's been on our watch list for literally three weeks. And I said, like, maybe today's the day. Maybe today's the day, tomorrow. Maybe tomorrow's the day, maybe tomorrow's the day. Today was finally the day. Big breakout again, above this 200, I move it out, above this $200 area that's been rejected now, all the way since April, it finally took out the 200, closed pretty much the highs of the day, almost 206. If everything goes well and there's continued strength in the market, you could see a push going all the way up to here into this 209 and 216 level. But the big news continues to be, and you can't even call these things meme stocks. I don't even know what to call them, but it feels like every single day there's just some crazy stock that just jumps out of nowhere. Everybody's jumping on board. Well, at least Tracer's jumping on board and they're making some ridiculous moves. So look at a name like GLTL today, right? You know, we saw this thing at $6. I had an appointment late afternoon. I look up, I go, is this the same stock that we were just literally talking about $6? This thing went to 16. And if you think that's crazy, look at this one, ORPH, right? ORPH, this thing literally went from six bucks to what, 77. So yeah, the craziness is still here. A lot of people are chasing these things. A lot of people are making money on these things, right? This is really not my thing. These things scare me half to death, but if you are participating in these things, I hope you're really doing very, very well because the last thing you want to do is take an opportunity that's presented to you that literally comes once every twice, three times every two, three years, and not really taking advantage of it. So if this is your thing, again, be careful. Awesome that you're making money on these things. If you're taking advantage of it, God bless. We just remember guys, always sell when you want to and not sell when you have to. And this is kind of a perfect example of the stock going from six to 75 and it closed at $21. Just absolute madness, but from the rhyme and reason, part of the market is internals continue to be healthy. There's a lot of names that are setting up very, very well. And the most important part is I believe everybody is participating. If you're a small account player and I tweeted this out a little while ago, I said, this is probably in the last two weeks, this is probably the most smaller price names I've traded, probably in the last eight to 10 years. It's just because the beta market's been giving us like maybe one move, maybe two moves a day, right? But everything else is starting to wake up and while speculation money is out there, you do have to do your damnedest to kind of make sure that you are at least taking advantage to the best of your ability. So here's some names that I definitely like going into tomorrow. Look at us as Jen, right? Seattle Genomics had a big range break here a couple of days ago and it stopped right at the linear regression line, right? Stocks don't usually stop randomly. Everybody see why it stopped here? There's this linear regression line, 159.30s. If this thing can just reclaim this 159.50, 160 area, you could see a move to like 62, 63 and slowly start moving. So this is a nice little range here. It held, it's digesting its gains from the previous day that looks pretty good. I like this, I kind of like this, I kind of like this, I like Adobe, right? I think Adobe looks pretty good. I think Adobe looks pretty good. Pretty aggressive breakout today. It took out a range from April, really, really strong aggressive move. Here's the names in the software space. If there's any weakness tomorrow in the tape, use the weakness to try to get into this thing on a 60 minute dip. And again, if you don't know what a 60 minute dip is, if you follow these trend lines, they're pretty orderly. Every time it hits the 60 minute channel of bounce, 60 minute channel of bounce, 60 minute channel of bounces. So we wanna see some of these lower levels if there is weakness tomorrow for a possible dip by there. Obviously, same thing with Amazon. Amazon went absolutely nuts for all you guys who are holding Amazon. Fantastic move. Hopefully there's a second wave of buying into tomorrow, but it's kind of the same note as Adobe, right? If there is any type of weakness tomorrow in shares of Amazon, use advantage, right? Again, when the stock breaks out out of a long, long channel, the weakness in the morning is an opportunity to pick up cheap shares that emotional sellers are getting out of. And at least if you can catch it on the bottom of the channel, there's a good chance of that. You can have a lot of shorts getting trapped, angry shorts getting trapped and moving it back to red to green. Zoom I like eventually for a big macro breakout. This is maybe a day away, maybe two days away, but it's starting to look really, really good. Look at Roku as well, right? Roku, not that it's there a macro, but at least today it reclaimed a 50 day moving average. So I wanna keep an eye on this thing for some continued moving strength as well. And again, in the same line as ZS that I've been talking about any day, any day, any day. Well, I've been talking about Del now for like three weeks as well. Maybe it's gonna be tomorrow. I said this yesterday, the day before, the day before, the day before, oh, two weeks ago, right? Maybe tomorrow's a day, but you could see how this thing is shaping up and I have a feeling eventually when it does take out the top of this channel, it should at least put up a ZS type of move like we saw today. So let's talk about tomorrow for today's pivots. Obviously, I am definitely bullish going into tomorrow. There's a lot of good setups, but at the start of the morning strategy, I definitely put a lot of, well, I would say a lot, but I put three pivots on the feed just in case we were gonna pull a fit. Cause if you guys noticed, the market was, the NASDAQ 100 was very, very weak despite its strength in the index as you saw a lot of weakness in the last several days. Tesla, NVIDIA had a very, very important area today that it held Netflix as well. So I was actually watching some names to the downside. They just really didn't confirm, but again, it's a whole different story. As you can see here, Tesla 594, if it builds below Conflush, obviously Tesla didn't do that. Again, this is the big mover of the day, Amazon 3300 and 3312, big areas need to confirm. Here goes Amazon, right? Here is Amazon, took out the 3300, it took out the 3312 and closed at the 3350. It's really, really big move here. I expect, I'd love to see some more activity there today. After tomorrow, back to the upside square, never got down to the 209 level. Netflix, it took out the 484, only went down like $1.50, not a big move at all before it retraced. Took out the 84 area, went down to like 82 and then bounced back like everything else, didn't really do anything there. CCXI, I still like this thing, didn't confirm. Bark 1275, 13 needs to build, not a big move at all. Thought this thing was gonna give a bigger move, but not a big move at all. It took out the 1275, 13 area, went to like 1350 and then came back very, very aggressively, like a lot of these other names. WKEY never got close to the $9 area. AMRX, $6 needs to build, went to 620. I still like it, it's the first close over the $6 area, looks pretty good. Dell, obviously again, I've been saying this for a week, excuse me, it should be three weeks or two weeks, but again, not there. ZS was really good, caught this thing right away. ZS, $200 break, right? Here's the $200 break. Again, close pretty much the highs, 205 and change. Still like it for higher prices. For tomorrow, Apple never got close to the 28.5, 29 area. Apron was really good, again, here's it. I've been talking about especially option flow for smaller cap names. We saw a really pretty good one after another two, three, four times in a row on Apron, Blue Apron. They were coming for, I think it was seven and a half, they even came for the tens. Apron, $6 needs to build and as soon as the option flow kicked in, the equity started kicking in as well. And look at the move here, it went from literally from six all the way to 670, excuse me, on one candle, right? So it took out this whole six channel. I see this, took out this whole channel. Look at this move, it went all the way to 670. Congratulations to all you guys who caught Blue Apron. Again, take on the way up on Amazon. Apron, big, big move on Apron, right? They'll come for the July 10 calls. Very, very big move at all, new highs, 203 on deck. Later, it becomes 206 on deck on that as well. Again, this is, here any close over 3,300, huge. 3,440 is gone, excuse me, 3,440 is at 3,470, that's the measure potential there as well. AMRX, new highs as well. And there was a bunch of bounce plays there as well. So look, we're set up for tomorrow. A lot of good setups for tomorrow's session. The only question again, every single day is number one, what happens in the overnight cash market? There's any macro news, there's anything at all. But again guys, just remember, do not anticipate, right? If you like XYZ, wait for it to confirm, right? If the pivot is 15, don't buy it at 1490, assuming it's gonna break 15. The reason why levels are there are to guide you. So you don't have to guess, you don't have to forecast, you don't have to pray and hope and God, it goes up level. Let it go through that level, right? Let it go through that level, let it put a new high, let it put a new base, start building over that level. That's how you know the stock is good. So what's the difference if you're along the stock at 1490 at 1510? If 15 is the level, then 15 is the level that it needs to build. So I see a lot of new traders still trying to anticipate a trade that it's what's about to happen. We're not in this clio guys, don't forecast. Don't, we don't have crystal balls. Let the levels play out, let them confirm organically. Guys, have a great night. I'll see you a lot of you guys tomorrow. Take care.