 Yesterday, this thing closed at $254. The stock went to $27 today. Again, AIPR, right? You look at a name like very. 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 theaxesatrader.com. Nightly wrap-up show. Hope everybody is doing well. Happy Tuesday. Hopefully, everybody had a good trading day. Hopefully, everybody had a great trading month. We'll get to that in a second. If you are new to the channel, if you can be so kindly, click a like. We'd love to get your continuation of support. And if you are new, hit Subscribe so you can get notified when we are uploaded. So let's talk about it. Last year, as everybody knows, the NASDAQ did not do a lot of good things. We're making a lot of investors happy. 33% decline for the year is no small peanuts. And obviously, the word was, well, we're now going to go even further. All these forecasters, and analysts, and money managers, and this, that, and the other thing, recession, depression, and everybody just kill yourselves, and the world is over. Apparently, the stock market doesn't believe in what should happen or what you think is going to happen. The market is the market. And that's exactly what it's always been, and it's always what it's going to continue to be. And it's going to be irrational. It's going to be completely disconnected from what the reality is. And if you go through the series of events throughout history, the stock market is sometimes disconnected, six months, eight months, even a year away from mainstream and what exactly is going on. If you guys remember, in the generational bottom of 2009, the market recovered two years before mainstream. People were trying to get back in their feet after two, three years of the mortgage crisis, again, losing their homes, losing their jobs, losing their minds, and everything else in between. And the market ripped for two, three, four, five years before people kind of got back on their feet. So there's always going to be a disconnect. This is where a lot of them, especially the newer traders, just don't understand. It doesn't make a difference what you think is right. We've covered this in nausea. The market sometimes becomes so tone-deaf into what's going on on Main Street that it really doesn't make a difference. And this is exactly what we saw in January of 2023, the first month of the year. And again, if you look at the numbers, you're pretty impressive, right? You have the NASDAQ up nearly 11% for the month. You're talking about 10.7%. You had the S&P 500 putting up its best month of January in the last four years. That's pretty evident of the price action we had. And even yesterday, right? If you watched last night's video, I was waiting for, say, we might have one more day, right? One more day of downside bias. And I said, last night's video, I'm ready for both sides of the market. But if we do have one more day of down bias, I'm ready for it. Let's see if we can get it before the Fed minutes. And guess what? We didn't even take out the previous day's loan. This is when you know the market is super strong. The market did gap down this morning. Pretty decent gap up. A lot of stocks gap down. But right when the word mattered the most and the regular session started, nothing that mattered, right? We claimed pre-market lows very, very aggressively on a lot of stocks. We never took out the previous day's loan. That's the key, right? For a market to go lower, it needs to take out the previous day's low. For the market to go higher, we need to take out the previous day's high. And you can see here, we were right in the middle of both two days, but it really does show you and it really does personify how much strength there is in this tape. When we talked about last night, we've had three, right? We've literally had three down sessions since January the sixth that really does show and continues to show amazing strength. Because we had kind of an inside day, both the top and the bottom channels on Nasdaq, the focus today, ironically, was not on the big cap crazy stocks, right? Although some of them did okay. You know, some stocks recovered, Microsoft did really well. Tesla, after having one day of back testing yesterday, we covered up six that can have points today. You had Apple waking up, you had Meta waking up, but the crazy part, and this really demonstrates how strong this tape is, is the small cap stocks, right? Anything that looks like it's an AI play, artificial intelligence, and it's actually putting out a PR AI, that gets the stock going. I don't know how many of you guys remember or how many of you guys were trading during the dot-com era, but it's the same formula. In the dot-com era, they were coming out with anything, like a jewelry store, right? A jewelry store comes out with a PR and says, we are selling our jewelry online, right? The stock would absolutely explode. If you guys remember during COVID, they came out with, well, so and so ABCD were coming out with a PR, we're gonna do COVID testing, stock explodes. So now it's AI, right? Artificial intelligence is all over the place and any stock, if they're smart, they're just constantly running this PR mill and that's exactly what's happening. If you look today, and we'll get to the individual pivots, mostly these smaller cap names with option flow, you have these crazy moves. Look at the stock MSGM, and look at this thing. The stock literally went, yesterday this thing closed at 254, the stock went to 27 today. Again, AI PR, right? If you look at a name like very, and again, we got a nice pivot today in the room, very another AI stock, although they didn't come out with any PRs, they just started pumping one, look at me, look at the expansion volume. They just started coming with option flow, out of the money option flow and talk about AI, right? Here's AI, a company who actually does AI. Again, this is a massive move with expansion volume, the same thing. Even though they didn't come out with their own AI PR, this is the theme, this is where the speculation money is, and again, if you wanna gauge the temperature of how strong or weak the market is, just look for stocks that people are chasing up 100, 200, 300, 400%. Maybe that's not my thing, right? But there's a whole contingency of people that are willing to do so and throw all caution to the wind, and this is exactly why the market continues to be super duper strong, going into tomorrow, you have obviously the Fed minutes. The thinking is 25 basis points, but again, as we discussed in a couple of other videos, we wanna see what, I think the traders investors are looking for what's gonna happen in the future, right? What's their contingency plan in the future? Again, one Fed share comes out and says, well, we're looking for rate hikes all the way through 2024, maybe even beyond. Waller comes out like I mentioned in the last night's video, well, wait a minute, maybe we're at the point that we can start slowing down, maybe at some point we could even start cutting them again. So as long as they don't speak on both sides of the mouth and this trend continues of strength and speculation money continues to inflow into the market, the market again has a ton of room to go higher. Again, is it possible every single day the market goes high? Of course not, this is the repeat recording, right? Tell me if you heard this before, and markets not gonna go up every single day, but the point is the trend is still the trend, dips are still getting bought. You can see it again with your latest inclusion of this morning's dip got bought. I mean, despite some pretty ugly earnings reports, you had Caterpillar, which really shows you what Main Street or what Main Street in America is, right? Farmers, this, that and the third. I mean, look, you have a major Dow stock that's down $9 in the day, it was down a lot more than that. Again, the market doesn't care, it just completely starts engulfing bad news. Look at today after the close, right? After the close, you have earnings, right? You have AMD, AMD beats on the top and the bottom, but it sounded like I read the language, I could be wrong, if I'm wrong, I apologize, it's a little late in the day. I thought I read that they even missed something. They might have missed or there was something, right? If I'm wrong, I'm wrong, but the point is they're still up 4% of the day. It's almost like the market is toned death to the bad news and just absorbing the good news and that's exactly what's taking the market higher. If you look at everything else after the close, EA Sports, it's in the game, right? Not so much, not so much love. You have Western Digital, right? You have Western Digital in the disk drive, I think storage space, you know, getting hit as well. You got match.com, right? Apparently people are not dating online anymore, getting hit as well and Snapchat. Again, like Kylie Jenner said a couple of years ago, who the hell use a Snapchat? Apparently not a lot of people. So yeah, I mean, with all the guidance, again, if you look at all the tech names, they're not really budging that much on some of these earnings reports. Again, which is a good thing. If you're tone completely omitting the bad news and I've made a video constantly over and over again with Netflix or Microsoft or Goldman Sachs and now you have AMD, a little bit of a warning, but porn does still up 4% or 5% on the day. This continues to really fuel the market and the bulls continue to charge higher. So what's gonna happen tomorrow? We have no idea. I think though, if the bulls can withstand the gut punch after Powell starts talking and they take the market and the market doesn't sell off and then we actually rally into the close, I think this market continues and the market continues aggressively. I think obviously the Fed Chairman's words are going to be scrutinized as the old joke says, the first 89 moves of the Fed after comments are always the trickiest as we all know that is the case. But the most important point is, and this is where we wanna see where the cues are. If the cues can just close above this 295 level for tomorrow, I do believe we see that 298 level and ultimately 300. Obviously yesterday's low of 289 is gonna come into play, but again, if you are giving the bulls the benefit of the doubt, I think we all are at least to this point. Everything can change on a dime. Again, we're gonna watch this 295 to the upside tomorrow on the cues for a potential move back into last week's highs. That's it, that's kind of what we are going into tomorrow. If you see about today's session, if you see about today's session, again, I started putting a couple of pivots to the downside. I started putting some pivots to the upside. But if you look at the pivots to the upside, for the exception of Tesla, right? Which had a nice little $3 move, nothing big. But for the exception of Tesla, they were all small cap stocks. But that's where this speculation money was. I think a lot of people took off the last day of the month. Again, a lot of people, if you trade an un-prop, or some funds, depending on how your funds are structured, you are closing out your month mark to market. So whatever you're finished with, whatever you kill at the end of January is what you eat for your paycheck. So I think a lot of people took off as well. So you're seeing a lot of weighting and a lot of fingers crossed to see what's gonna happen for tomorrow. But these are the pivots of today. Apple 142.85, it builds below Conflush. As you can imagine, not a big move at all. Apple did not go down at all. Apple went down to where? Went down what? You know, nothing small. Went down with 40 cents, 50 cents, and then rebonded with the rest of the market. On the video, 191.50, 191.50 builds below Conflush. I thought there was a shot at 86, 87. Not a big move at all, but you know, went down a couple of points, right? So here's your 91.50, 91.50 Flush. Went down to like 87, 87.60s, right? 87.60s pre-market, and then it kind of bounced back here. So yeah, nothing big, nothing big at all. And then you started having these AI moves with your option flow. AI, 18.20, rejected twice, needs to build. Here is AI, right? So here is AI, look at this, 18.20. Once it got above the 18.20, this thing just went out of its mind. I went to 21.34, and here is Tesla, 71 needs to build, not it needs to buy or it needs to build. Here is the 71, right? It got above this 71 area right here. It got above this whole 71 area, went to 74. Again, I like Tesla, they're coming out with a lot of flow. This thing doesn't sell off in the next couple of days. I do think we see last week's highs. Very nice little trade. I get it, I don't trade a lot of small cap stocks, but when I see option flow come in one after another, it definitely gets my attention. Nice move here today. 12.50 calls that came in from March, 8.20, 8.25 needs to build. Look at this, very what it did. It went to 9.45, right? Nice move here. Took out this 8.20, 8.25 area, went to 9.45. Take on the way up next up, 8.50, took out 8.50, went. And guys, watch this PLTR. It closed above the channel on the close. PLTR, not only were they coming for the weekly eights and two weeks out, eight and a half calls, they were coming for the June, they're coming for the June 12s, very, very aggressively. One after another, after another, but this is the highest close in its whole formation here. Right, this is the highest close in the whole formation. If it confirms tomorrow's channel, who knows? Maybe get a push into the eights. So that's it guys. The channel is set up for tomorrow morning. We have Powell, we have a new month. The question is, can we continue this momentum? It doesn't have to be every day, but the key is can we continue this train that started off slowly, picked up steam, and now it's almost on a runaway basis. And hopefully, and I think I could speak for anybody who is a permable, we kind of like that, right? We kind of like that. Even though I don't fall into the permable category, I know a lot of you guys do, and all news is sometimes good news and good news sometimes is great news. So hopefully this is great news continues. Guys, stay blessed. I'll talk to you all tomorrow and have a great night. Take care.