 You don't want to waste the dead cat bounce on stocks that are trading 30, 40 cents. You want dollars, right? Sense is cool, but you want dollars. And that's exactly what's happening here. Once we start, you know, once we start closing. 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 dot com nightly wrap up show. Hope everybody is doing well. So let's talk about it really quickly yesterday. We had that really big reversal we talked about on last night's video. The Nasdaq 100, the Q's proxy put in this really, really aggressive hammer, which again, like I talked about last night before you can start diving into really advanced technical analysis. Just understand the hammer is the highest probability of a result happening. And in this case was a short term reversal, which we call a dead cat bounce. And the reason why it's called a dead cat bounce, we don't know how high this dead cat well bounce. And that's the whole point. And instead of trying to figure out and trying to forecast what's going to happen six months from now, we're taking a day by day data by data and moving average by moving average. That's where we have the best guess, right? The best guess, the best reality of what can potentially happen next. So yesterday we knew we had a very, very good close. The key was for the bulls to build upon yesterday's move. And what you saw this morning was a little bit of weakness in the morning. And the last thing that I wanted to do was kind of give up the whole point of well, technical analysis is nonsense. Well, see the futures are going lower. Everything must be going back down. You gave it every opportunity and the bulls did their job. The bears got trapped very, very early on the first morning wash. You saw a lot of things go red, right? We'll talk about the individual pivots in a second. There's a lot of really aggressive moves. But you saw a lot of names that look like they were probably going to bounce. We discovered them. We discovered that we talked about them last night in the video. You saw a little bit of weakness in them. And you saw the eager, late, uneducated shorts come in. They got trapped, blah, blah, blah, blah. They took out highs and off we went. And the most important part was that the market, again, and we're talking about the Nasdaq, really built upon yesterday's level. And in the process, reclaimed the five-day moving average. And again, if you are new to this channel, the five-day moving average is the short-term sentiment, which is basically going to give us a good dynamics of what potentially can happen next. Now, again, there's a big difference between the stocks going up and the market going higher. For the market to go higher, we're going to need to reclaim the 50-day moving average. That's still about 5 and 1 half, 6 points away. So before we put the cart in front of the horse, we need to establish baby steps, right? Today, we reclaimed the five-day moving average. Tomorrow's channel is basically today's highs. If you look at this whole channel here, it stopped perfectly on the highs from January the 7th. So if we can start reclaiming, or even gap up, doesn't make a difference. If we can just start reclaiming today's price action tomorrow, then again, we're not going to go to the 50-day moving average. But we can start making more proactive steps to the next supply zone. If you can see the next supply zone, it's around this 389 level on the cues. The most important part is not everything's going to bounce. Remember, there's a lot of dog crap companies out there that are so significantly below their daily supply, it's going to take an act of God to get these things higher. So we're not talking about everything, but we are talking about the best components of the NASDAQ 100s, the stocks that we know have a long aggressive track records of going on big, big runs that are mirrored to the NASDAQ 100. So if we do have one more day of bouncing tomorrow and we get another three and a half, $4 move back into the next 20 or 10-day supply, you want to go with the biggest average to range, right? The last thing you want to do is being in a dead cat scenario, knowing exactly that every dead cat bounce could be 20 cents, could be $3. We don't know, it could be $30, we don't know. But the last thing you want to do is put yourself in a situation that your research is identifying stocks that trade in a 40-cent range throughout the day. You don't want to waste the dead cat bounce on stocks that are trading 30, 40 cents. You want dollars, right? Cents is cool, but you want dollars, and that's exactly what's happening here. Once we start closing above the 50-day moving average of 393, and I'll segue in a second to Tesla, that's going to be the green light. If you look at the market every single time, it's closed over the 50-day moving average, and this was the last time right over here, which is October the 10th, the last, well, excuse me, the second to last time. The second to last time we closed above the 50-day moving average started this amazing, amazing run, and the last time we closed over the 50-day moving average was December 21st, and look what we did. All we did was, despite the queues went from 390, 390 to 405 in four days. So that's how important that 50-day is. Like I said, we're not putting the cart in front of the horse, baby steps just for the bulls to prove that we are going to get there. If you look at the spies, spies had a nice day. They reclaimed, right? They reclaimed this whole channel. They also reclaimed the five-day moving average. If we can confirm today, we could get a push into the 10-day, roughly 472, and that would equal roughly 4738 on the SPX. Roughly 4738 on the SPX. Again, both levels need to confirm today's price action. Obviously, we'd love to see any type of weakness again tomorrow get swallowed up. The last thing we want to do is get a gap up into the next supply zone. That will make things a big, big mess. So for example, as much as it looks cool, right? If you have no positions overnight and we get a three, four-point gap up, we're going to get a gap of rain to supply, and that's no good. So we want to see for this dead cat to be stretched out a little bit more, we want to see a kind of a flat to slight up to down open and let the natural courses kind of play itself out. Once we close above the 50-day moving average, then it's not a dead cat bounce anymore. Now we're going to be in rally mode. Baby steps, that's all we're talking about baby steps. So we talked about the dead cat bounce. We got the dead cat bounce. So we know what has to happen next. And the most important part, like I said a few minutes ago, we want to make an actionable trading list, not a watch list. You don't want to sit there and watch stocks that are nowhere near prices you want to trade. You want to have an actionable trading list that you know has a big average shoe range and will mirror the performance of the NASDAQ 100. And if you can get that and identify, that's when you could, again, make a hay of a day to bounce. So let's talk about some names. Actually, let's go through the feed first to talk about today's day. Again, very, very aggressive action today. A lot of these names we've talked about either on the weekend update or even last night in the video. So let's talk about them. Lucid, right? We talked about Lucid last night. 43.30 needs to build a bunch of near term, 44, 45 short term expiration calls. After it triggered, we started seeing 48s weeklies and we saw 50s into next week and Lucid had a phenomenal move, right? Phenomenal, phenomenal, phenomenal move. Here is the 43.30 that it got rejected off the 50 day. Moving average, again, shows the importance of the 50 day. And once it reclaimed the 50 day moving average closed right at the highs of 45, 40s. I think 46.30s is the next logical step that it could test. And then going to this whole channel here of 49. So Lucid, you want to definitely see if there's any weakness tomorrow at the open into rising 60 minute support or obviously a break in confirmation above today's channels. You had Rivian. I was watching it to the downside. Obviously never confirmed 77 to 75. Actually had a nice move back to the upside. Navidia had a really strong move. They came for the 280 calls, mid-morning, 274.80, 275 needs to build. Here is Navidia, right? So here's Navidia. It took out this whole 274, 275 area and traded right to this 280, 65 level. And if you look at the supply, right? If you look at supply and hit it, just missed it right within the dollar of its next supply zone. So you can see, again, closed over the five day moving average, mirroring the NASDAQ 100. Amgen, we've been talking about this for a couple of weeks. It finally reclaimed the 231 level. 231 huge macro area rejected several times, needs to confirm. Here it was Amgen. This is going to be a slow mover, guys, right? This is definitely going to be a slow mover. Here was the 231. It closed right at the highs of the day. 232.30s, if you are actively swinging this thing, because you have to, you can't day trade Amgen. So if you are actively swinging it, just use the previous days low as your max pain. And to get some upside targets, you can clearly click on the weekly channel. You can see how clean this break was, especially in the weekly. Then you got 237s coming up and 244s. And obviously any close above 244, it could stretch into a really, really aggressive area. So nice moves. So far initial move on Amgen, but it looks higher if we could confirm prices tomorrow. AMD, AMD had a nice move. They got upgraded today. 135.30 rejected two times. If the bulls rally, this needs to build. Here was AMD, right? Here was AMD. So here is the 35.30s. You see this whole area here, right? Here's the 35.30s. It started building, traded up to the 38s. Amazon had a big, big move today. 32.55, 32.60 needs to build. Here was Amazon. We talked about that ferocious, ferocious hammer it put in yesterday and you could see how to big, big move. Took out this 32.60, traded all the way up to 33.27, which is the 10 days supply. Obviously it needs to confirm that 10 days supply to get into the 33.60s next spot area. Okay, this is the antichrist, okay? There's certain stocks that have your number, okay? I've traded Alibaba, let's just say a thousand times. It's not, no way close. Let's just say for dramatic effects, okay? I've traded Alibaba a thousand times. I think I've made money in Alibaba twice. Before even the trade pivoted. I said, you know what, I'm gonna lose money in Alibaba. But you know what, that's the point. You have to get it out of your system. It's like people take crack and they said, oh my God, I love crack, I love crack. And they realized they're laying on the gutter, shaking, they take two years off, I go, hey, maybe crack is not that bad. That's what I was today, right? I took two years off of crack. Shhh, little kids leave the room. Big kids leave the room as well, right? I looked at 134 and looked good. They were coming for the 134, 140. He said, let me get it out of my system, right? I know how to lose money on this thing, but let me get out of my system. This thing is this straight up antichrist. If you have a picture in the dictionary for antichrist, you're gonna see Lucifer, which is my mother-in-law, and you're gonna see Alibaba. That's it. This is the antichrist. I donated 50 cents to the trade. That's all I wanted to donate. Here's the 50 cents. I hope somebody who bought the stock from me has a lovely time in Cancun on spring break. I hope you catch Chlamydia because that's what you deserve for owning this piece of, it's not, but the stock sucks. Moving along, do not trade less. So, Blue Cid, big move, 45 on deck, 46.30s, as we talked about next stop. DWAC, guys, congratulations. This was not my thing, right? I don't trade this crap, but DWAC, 60, 50, 62, big numbers. If they start building this thing can move. Here was DWAC, right? So it took out the 60, 50. It took out the 62 and traded all the way up to 60, 60. And this one move was like 63 and 350. So nice move there on this Trump, SPAC, blah, blah, blah. Amazon, huge move. Again, 32, 55, 32, 60, 32, 91 next stop. Traded all the way up to 33, 27. DWAC, I said 63 is perfect. AMD went to 38. Amgen, again, here's the next spots. So Amgen could get to 37, 44, Lucid, 48 weeklies. Now 50 weeklies coming in. Keep your runners, 46.30 is the next stop. So very, very good productive action. That's what we wanted to see from a Dead Cat bounce. The question is, can we continue going into tomorrow? But the most important part, guys, of tomorrow's session is the last thing the Bulls want to do. And again, this is always on the table. Yes, can we have a day to run tomorrow? Absolutely, but here's where it gets sticky. If we close below back, right? Say for example, we open up tomorrow, we get rejected, everything starts selling off. If we get rejected off the top of the range here and close below the five-day moving average, the narrative will change. My voice and everything that I'm thinking will change right back to the downside because that five-day over bullish, under bearish, and tomorrow the Bulls need to maintain over today's levels. Let me give you guys some ideas that I like for tomorrow. Watch Boeing, maybe it still needs a couple of days, but it's getting very, very close to this top of the 150-day moving average. Keep an eye on this thing for a couple of days. If the market continues tomorrow, I like Microsoft. As you can see here, Microsoft got rejected back-to-back times in the same channel on the five-day. So if Microsoft reclaims the five-day moving average, has some room up. So definitely, definitely keep an eye on Microsoft. Ford, I've been talking about Ford for a couple of days. It's just flagging here. If they could just start attacking the top of the channel here, could be interesting. And Alumna, look at Alumna. Alumna had an incredible, incredible move today. Keep an eye on this thing for any weakness into rising 60-minute support or a confirmation of today's channels. Guys, have a great night, everybody. God bless. Hope everybody stays happy and healthy and strong. Oh, God's help. All this COVID mess will be behind us one day and we will all be happy. The prettiest girl at the ball. Guys, have a great night. God bless.