 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 theaxisoftrader.com. Nightly wrap-up show. I hope everybody is doing well. If you are brand new to the channel or just an everyday value of viewer, and again, thank you very much for spending a few minutes with us. The only thing we ask is take one second, click a like, share, subscribe, comment. Tell us how you're doing. Tell us where you're going through your stage of your career. I'm sure it'll help somebody else out. Other than that, welcome. Welcome to see and see exactly what's what. So, new week kicked off today. Nasdaq, nice little res day. Basically all you can say, nice little res day, cues barely budged down 50 cents on the day. This is still within range of the highest close in this whole formation. Names like Amazon after a really, really big run. Amazon was up, what, $12, $13 on Friday after earnings, had an inside day potential res day down a dollar, which is absolutely nothing. Meta, right? Meta was down 15 bucks. Now, before you turn around and say, oh my God, it's down 15 bucks, keep this in mind, it was up $85 on Friday. Again, another inside day. Can they rest one more day both Amazon and Meta? Absolutely. At some point, I am going to be looking for a daily balance on this thing to kind of trap to go back higher. I do think Amazon and Meta probably in the next couple of days are going to resume. Name like Microsoft, nice little rest today. Apple after shaking off earnings continued, started a building. Apple might be like a day or two away from kind of waking up. As you see right here, we're below the 50 day. You see this kind of aqua line? You see the last time it reclaimed the aqua line, right? It reclaimed the aqua line on January 18th and then put up a run literally from $189 all the way to $196. So that's my point. I think Apple is probably like one day away from getting in the top of the range here. Like any close above the 50 day moving average, that's a big, big deal. So I think it's still like one or two days away. Google, again, another stock that is trying to shake off its earnings. You could tell how strong this market is. It got rejected off the five day moving average. This is another name, same as Apple. It probably needs one or two more days to get back. Apple, a little bit of different scenario. It needs to get back on the 50 day supply. Google is above the 50 day supply. It needs to get back over the five day moving average to kind of resume. But the names that continue to go absolutely nuts are these semiconductors, right? SMCI, and this is a crazy stat, guys. SMCI, I have not traded this thing. And the reason why I haven't traded this thing and this whole move here, I didn't know the stock was even alive until like a week ago. I had no idea because the stock was trading super duper thin. Anything that trades super thin, I kind of leave alone. Like, why am I going to trade names like Avago and Avago and ASML and LRCX when you have NVIDIA, when you have AMD, right? When you have semiconductors that are super duper thick, but here's a crazy stat. SMCI, on January the second, was at $287. This is a month ago, guys. The stock right now after ours is trading $668. That is intense, completely intense. The video, right? The march to 700, I mean, 700. Geez, I mean, the stock right now after the close is trading $697. And the reason why it's trading $697 and why SMCI is moving higher, NXPI, which is another semiconductor that, again, I mean, the stock traded $3 million shares the whole day. You know, it pays attention to this thing. But it came out, earnings, it's up like $7, $8 after the close. Is this going to be another catalyst for another run for the semiconductors? But, man, oh man, you got NVIDIA literally $3 away right now. And you can see after hours, literally $3 away from being at that 700 area. And the crazy part about it is speculation money is so juiced up right now. They're not even betting 700s anymore. They're moving to marches, 750s and 8s. So this is just an epic, absolutely epic run, especially from the semiconductor names. Another cheapy today, Palantir, right? Palantir, they were coming for the $18 calls pretty much all day. They reported after the close, nice move here. They reclaimed the 50-day moving average after the close. Another name for all you guys who don't trade high beta names. So you definitely, definitely keep an eye for tomorrow. Even a name like TSM, right? Even a name like TSM. And ironically, I think I bought it wrong today. I bought TSM and I never traded. Again, it's very, very rare that I trade anything outside of beta names. But I bought this TSM. I didn't realize I was buying this damn thing up $3. I didn't know the range. It went from like up 50, 60 cents. I lost about 94 cents in the trade. I don't care about that. The point is I want to watch this thing for tomorrow. I think the problem today when I bought this thing, it was over-average to range. I kind of messed up there. That was on me. But this is the highest close in this whole formation. Again, if the semiconductors run tomorrow, I will give it another opportunity to go. One trade that was not rallying, right? And somebody tweeted out a great statistic from the bear market from 2022, when we down went down like 30, 32, whatever it was, 34% on the Nasdaq to the massive bull market last year to the great start of 2024. Tesla is down 47%. 47% in that three-year, well, two and a half year span. And if you guys remember, I was waiting for this earnings low break for a matter of two weeks. Like I kept on saying, after a blow-up on earnings, it's not the stock is ready to go higher. It's just buying time to go lower. And today we finally got our trade. The problem was, it was really a good kick-safe. All you hockey fans out there, really good kick-safe. It gave us a really good move. I went down like $5, $6 straight down. I was like, got down to a runner. I'm like, well, this thing's going to be at 70 at the end of the day. And yada, yada, yada. You know, the stock had to go. Whoever was the buyer, keep buying, right? Keep buying. What can I say? Keep buying. And people get excited about all these moves in Tesla. They realize, no matter how strong it firmed up in the middle of the day or towards the end of the day, the last week or so, right? Look at this. High, lower high, lower high, lower high, lower high. So I'm watching this thing. This is definitely the lowest close in this whole formation. Again, you had a little bit of a bullish tail here towards the end of the day. But again, I want to have really no interest buying this thing until it starts reclaiming back to five days. In this market, anything is possible. But every single day, they just keep on punishing thing and punishing and punishing until there's nothing. Until there's nothing really left. There's a couple of big earnings announcements. A couple of big earnings announcements this week. I don't see a lot. I don't see a lot for. I think Lily also came out with earnings this evening. If I'm not mistaken. Yeah, I think that I think they also came out with earnings. Yeah, Lily is punching up PLTR is moving up SMCI up another, you know, 15% today, which is absolutely nuts. Let's see here tonight. Again, McDonald's not a great quarter down 3% today. Caterpillar did a right up a little less than 2% today. Tomorrow, you have, let's see here, tomorrow for nothing really there. Lily, actually Lily's tomorrow. Sorry, Lily is tomorrow up 45 points today where 7%. Gilead, nothing. Chipotle just put it at 10,000 a star from there. Chipotle, again, I don't know what's going to do tomorrow for earnings. That was last time Chipotle missed earnings, right? This feels like a stock just always does really, really well. Wednesday, you got Disney and Alibaba and Arm Holdings and other semiconductor name of Disney. You got Uber and you got Roblox to kind of get us towards the middle of the week. So again, market continues to be good. Bolts continue to be fine. You know, tomorrow, you know, tomorrow and the next day, I'm definitely watching Meta and Amazon to kind of resume their earnings moves. I am watching for any dip tomorrow, potential dip for NVIDIA to maybe trap late shorts to get that final 700 push, right? To get that 700 push. Let me see what else I like for tomorrow. Let me see what else I like for tomorrow. Let's see, let's see, let's see here. Yeah, guys, I don't want to hurt anybody's feelings. Right? I know everybody watched the movie Diamond Hands and Jerk Off Hands and whatever hands you have left. No offense, of course, I say that in the nicest way I can, but this is the lowest close on GameStop in this whole formation. And it's been building a whole base below the 50 day moving average. Again, you've seen what happens to stocks when they lose the 50 day moving average. Guys, for all you guys who trade, you know, the smaller names, keep an eye on GameStop. If this thing starts confirming that December lows, this thing goes lower. I mean, I don't know when they're reporting earnings, but definitely keep an eye on this thing. It doesn't look good. It just doesn't look good at all. Yeah, it doesn't look good at all. So definitely keep an eye on that. So let's quickly get to today's pivots. Again, this was the big one of the day. Tesla 182 and 180 if it builds below can flush. I mean, phenomenal move on Tesla. Really, really good move on Tesla. Here's the five minute, you know, here's the whole move here. Took down, you know, took down the 82, took down the 80. Just a massive move. $6, $7 move for Tesla. Great trade. My runner got stopped out, but whatever. Anyway, really, really good move on Tesla. We're waiting for that for a couple of weeks. FSOLI never got to 23. SHOP never got to 83. 60. Microsoft never got to 42. 65. Fastenall never got to 71. I did a dip buy on Amazon. Pretty much break even. It just wouldn't rally. Snow never got to 219.74. TSM, like I bought TSM went up like 50 cents. You know, I don't trade these damn things. I was thinking maybe it goes up to $3. I wound up losing 94 cents. And this was the big one towards the end of the day. Meta, right? We talk about sneaky pivots. And again, for all you guys who want to try out pivots again, you know, it's not alerts. There's no successful trader looking for alerts. You have to be self-sufficient. You have to be self-contained. You have to understand the dynamics of the markets, the moving parts, the semantics of what happens, right? When the market is screaming at you very aggressively versus the comments when the market's telling you to pull back. So if you want to kick the PS60 theory around for 30 days, guys, there's a link below in the comments. Try it out. I'm telling you, give it 30 days. You'll quickly see very, very quickly how and why this could be for you, or maybe not for you. But again, it's something definitely you should definitely try. But anyway, here's a sneaky pivot on Meta 465 needs to build. Look at the nice pop, $4 pop here towards the end of the day. Here's the 465. You see this whole area here? It stopped at 465, right? 465, 465. It popped above the 465, gave a move all the way to 469 before the reversal. That's what we talked about the sneaky pivots. They're not at the top of the range. They're not at the bottom. They're right in between. So guys, have a great night, everybody. God bless. I got another basketball game to head to right now. Actually, I should have left five minutes ago. Guys, have a great night, everybody. God bless. I'll see you on tomorrow night's video. Take care.