 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 Access to Trader.com nightly wrap up show. Hope everybody is doing well. Hope everybody had a great weekend. If you are watching this thing on YouTube, please like, share, subscribe, tell a friend if you are watching this via the Twitter uploading platform. Please like, retweet, all that good stuff, help to cause so we can help you out as much as we can. So let's talk about the market. Obviously, we've been on this rock star run. Technology has been going absolutely gangbusters, all the crowd favorites. You had Tesla, and Nvidia, and Apple, and this, that, and the other thing. And the question is every single day, is this going to be the day they slow down? Is this going to be the day that they finally start losing a little bit of gas and start maybe getting a little bit heavy? And when we got that answer last week, not only if you watch the weekend video, not only did we get it for one day last week, we got a whole extension for the whole week. And we came in today, the question was, well, was the market going to sell the news on the debt ceiling? Or was it going to be kind of a moot point and kind of moving on to our day? Nobody even mentioned it. It was kind of one of those odd things like the debt ceiling came and can't went and, you know, and all be all and everything's forgotten. The question was today, can we continue the aggressive nature? And today was the first day. I can really, really say the majority of the market kind of stopped and took a breath, right? If you look at a lot of charts, you'll see kind of what I'm talking about, you know, Amazon, you know, Amazon was up a buck. But if you get, if you look at the 60 minute view, it gapped up and kind of went sideways. You look at a name, for example, like Microsoft, you know, kind of the same thing, gapped a little bit, kind of drifted into the close. Tesla continues to be on its runaway train. Again, we've highlighted every level literally on Tesla in the last two weeks. Again, big, big move. But again, you could clearly see it started to get a little tired, right? You look at Meta, for example, right? Meta, for example, did exactly the same thing. It did a couple of weeks ago when it got tired and started putting this roll about top here. The next day it took out the five day moving average and got hit. You could see that on the video is doing exactly the same thing. This is the first close below the five day moving average. You could see AMD doing exactly the same thing. It held the 10 day moving average. So the point I'm trying to make going into tomorrow's session, it's not that I'm bearish. I'm not. Okay, I'm not. You can't use the word bearish and euphoria just a day apart. You just can't do that. I am more now in the position of I'm watching really, really closely. If stocks start looking more heavy tomorrow, start putting in lower highs on the 60 minute, on the daily chart, taking out the previous day's high. Because if you look at an AMD and a video, phenomenal runs, absolutely phenomenal runs. But at certain points, gravity kicks in and you could see the charts, right? You could see the charts, the similarities right here, right? Here's a similarity right over here. And it got tired, lost the previous day's range of the five day and got hit. This is kind of the same thing here, right? Got tired, lost the five day, attempted on the 10 day. If it loses the 10 day could get hit on the video, the same thing, right? And the video is just hanging on to the five day moving average. So, you know, we're definitely seeing a lot of names starting to get tired. Does it mean the market's going to collapse? No, it doesn't mean the market's going to collapse. Does it mean, again, the market from time to time, even the most bullish scenarios, need the rest? Yeah, why not, right? Absolutely. I think rest is good. I think we've demonstrated enough times, even the most surging market, that when things get heavy and you start seeing lower highs with clusters of diminishing volume and intraday start to play itself out, you might get a day or two of rest. This is kind of the last example we saw that was, let's just forget about all this, right? So the last couple of times we saw this was a big, big euphoric run in the queues, kind of put it in inverted hammer, lost the five day and then, you know, went all the way to the 10 day moving average. So if you look at the market right now, just demonstrating from the queues, we're starting to kind of get a little bit of the same thing. Again, there's nothing definite, there's nothing guaranteed, but I think you have to start paying attention more tomorrow and be a little bit more 50-50 in your approach going into tomorrow's session of, you know, hey, there is a shot that we start the back test. Again, you want to be prepared. Like I say this every single night on every single video, but again, when you start getting exhaustion themes, you know, playing out, you know, over and over and over again in different intervals. Again, the last one we had was on May the 18th, right? So we're, you know, we're about, you know, three weeks from the last one. So if we start seeing more exhaustion signals, okay, I think start looking at a lot of names that were defended off the five day moving average, maybe defended off the 10 day moving average for today's session like, you know, like in the video, like in AMD, right? And you start looking at those names, but if they start losing the five day moving average, if they start losing the 10 day moving average, again, just like last time, right? If you guys remember last time, we had a really nice move on the video. If you guys remember, that was an inverted hammer, right? What happens when there's an inverted hammer? Well, this would happen. So it takes out the next day and it goes to the five day. Well, now it's hovering on the five day. And that's the whole point. I want to watch the video tomorrow. If the video starts losing this bottom channel here and confirms the five day moving average, hell, why not? And again, just from the options market, and this is kind of what we always try to talk from the options side institutional money flow. There was a lot for all you guys who have option scanners and this, this, this tons of them, they're all, you know, they're all pretty comparable. There's trade alerts and then there's a cheddar flow and then there's I think black box stocks. I personally use flow. I'll go, I just like it again. There's nothing better or worse one or the other. They're all pretty, pretty comparable. We did notice a lot of weekly two 80 puts. I mean, excuse me, three inputs to 80 puts would be really, really aggressive. We saw a lot of three 80 puts coming in for size. Right. We started some coming in for size for the weekly two 80 puts. Again, you know, if this thing starts losing five, the five day moving average, you know, do I think it's get to 280, you know, 380. I mean, who the hell knows? You know, it all depends on how aggressive the move is, but I think there still could be a trader and that's at the end of the day. That's what we're looking for. You know, nobody's looking different in the video to go down to 330. You know, we're just looking for a trade at $1 or $2, $3. Maybe we get stretched out, get four or five bucks depending on how the market goes. So again, we try to get rationalize on both sides. Same thing obviously with AMD. Here's the 10 day moving average. If it loses the 10 day, you can see how close it is. If it starts losing the 10 day moving average, I think we could get the same result. The one stock that we talked about over the weekend, I still have some overnight. Not the greatest close that I wanted. But again, it is what it is. I have some cues as a hedge. Is Google, right? So we talked about Google. We talked about Google on the video on the weekend, getting above the range. Everything was going well. It really was. It had a really, really nice spike. It ran up about a buck. We took some off, you know, it took some off, which is fine. It came back in. It came back in here. Again, the one thing we noticed on Friday and what we saw today, massive continuation of massive 129, 130 and 131 weeklies. Even when the market was coming in a little bit. It was just a lot of size being traded on those weekly 29, 30 and 31. Who the hell knows? I want to give it the benefit of the doubt. I do have some cues as a hedge. In case we open up lower, you cover some cues and kind of play around with your position. I want to see how it holds up. Obviously, today's low is going to be a big, big deal. But I want to see how the stock reacts tomorrow if there is weakness in the Nasdaq. But keep an eye on this thing. Again, the last time we saw a really, really aggressive call buying with Tesla and then obviously you guys know what Tesla did. You know, going into tomorrow, for the exception of like an NVIDIA or an AMD to the downside, a lot of stocks is kind of stuck in the middle of their channels. When you go through your charts tonight, you'll kind of see that. So there is a shot, right? There is a shot unless we get some pretty good value on the video and AMD. There could be a shot that the market does nothing tomorrow. Now obviously, when I mean the market does nothing, you'll always find things to do, right? We'll get to the pinnets in a second. Like you'll see alternative stocks kind of waking up. Like, you know, we discussed IoT over the weekend. Do you guys remember that? We discussed IoT over the weekend. Like names like this you could start waking up, which was a phenomenal, phenomenal move. Congratulations for all you guys who took it. But don't be surprised when you're doing your chart work today. You're going to run into some symbols and be like, huh, this looks good, but what about that? That's in the middle of the range. Like, for example, a Carl icon, right? Like the Carl icon trend. Usually, it wouldn't be a stock that I would look at. If you guys remember, Hindenburg did a research piece. Obviously a hit job and the stock got crushed. Put it in his bottom. It's kind of grinding here in between the five and the 10 day. I'm not saying this is something that I'm going to trade depending on how, you know, how slow or aggressive the date tomorrow is. Because again, at the end of the day, I trade technology, you know, mega cap technology names. But keep an eye on this thing. It's been rejected now twice off the 10 day moving average. You know, I'll watch it tomorrow just in case who knows, maybe there'll be some option flow. But if this thing can get above the 10 day moving average, who knows? Maybe this thing could give a dead cab balance. You know, something, again, when the rest of the market is a little bit asleep or potentially going to be asleep, I try to always find alternative ways to kind of put stakes into the freezer. Looking at a name like Cargill, right? A Cargill. They came out with nice earnings. It broke out today. Put in a high, got rejected off the Bollinger Band. Again, alternative stocks, right? Not usually names that I would trade. But again, you know, beggars can't be choosers sometimes. So if your stocks rest, you have a choice. Either you rest or start looking at other things. But keep an eye on this thing. If you get above the Bollinger Band, this thing could wake up as well. Uber. Uber's not a bad looking chart at all, right? Uber attempted to break out today. It kind of got stuffed with the reversal of Apple. We'll get to Apple in a second. It got rejected and kind of went lower. So speaking of Apple, right? So Apple had its WW blah, blah, blah, who the hell knows what kind of conference it is. And the CEO made a carnal mistake of saying, this is going to be the most exciting announcement, the most important announcements in our history of this event. Man, I'm thinking the eye toilet. George Costanza is going to be finally put in a situation that he's regarded as the inventor of the eye toilet. Here comes the eye toilet. They didn't come out with the eye toilet. They came out with some virtual reality, you know, Schmotha that you put on your face, like 3,500 bucks. Bro, I don't know what the hell this thing is. I don't know what it does, but I want it in Valor and a size 11. If you can get that for me, that'd be great. So they ran up Apple and then once they realized it was virtual reality headset, 3,500. Yeah, you can see the reaction. Ain't nobody spending 3,500. At least no grown-ass adult that I know. So Apple got sold off, obviously took down a lot of these stocks with it. But again, word to wise, word to wise of anybody in any industry. People love, like I love the word, over-deliver and under-promise. Apple did the absolute opposite today. They over-promised and under-delivered for virtual reality headset. Wonderful. Sounds like a wonderful idea. However, Unity Software had a monster, monster move because they were kind of involved with this whole virtual reality. But you could see kind of going into tomorrow's day. You're going to run into a lot of charts that are starting to get tired, are tired, but more important, they're in the middle of the ranges. And when that happens, right, we start looking to the downside of the market to see if we can catch some value. Again, I gave you guys a couple of ideas to watch. Watch AMD and watch Nvidia tomorrow, potentially below their five and 10-day moving averages, respectively. So let's talk about today. Let's talk about today. So here is, again, here is Google. So I bought Google, went up a buck, right, went up a buck. And it's basically down about 20 cents from where I bought it, whatever. I have some, let's see how it plays out here. IoT, again, had a big Friday on earnings for experienced traders and never got the dip to 2360, 2380. But it did confirm 2505. And this thing just absolutely won bananas, right? It took out the 2505 and went as almost as high as 27 and a half. Just an absolutely tremendous move there. Congratulations to all you guys who caught it. Square, I wasn't watching it. 64 needs to build. I have no, honestly, I have no idea what Square did today. 64, it looks like it stopped at 64. It never broke through. So again, 64 continues to be the big number on Square. And an OX actually scalped. One of those names I usually don't trade, actually scalped at 2170 needs to build. Here was NNOX. I believe we covered NNOX on the weekend update. Again, not a big move, but 2170 went to 2270 and then it really reversed. But again, nice little scalp, man. Nothing wrong with that. Roku, 61 needs to build. I saw it up like 50 cents. I didn't trade Roku. I saw it up like it took out 61. Yeah, it went up to 61, 67. This still continues to be the grind from the 50-day moving average. Netflix, nice little move on Netflix. 408 needs to build. Netflix, nice move. Nice move on Netflix to trade it all the way up to 414 from the 408. So a nice move there as well. And I believe that is it. Yeah, so again, here is the area. It's a different pivot for, this is going to be a different pivot for tomorrow. But 8850, 88, it went down to 87. Again, size virus came in for the 280 weeklies, and that's the most important part. If we start seeing the market gap up tomorrow and the video and AMD start going lower, keep an eye on that bottom of the range. Because if they start coming back in for those 280 weeklies, especially with size, there's a chance that the price action will follow. Guys, God bless, stay blessed, and I will see you all tomorrow. Take care.