 The one thing going into tomorrow is we could probably get another slower day. Number one, again, the market needs to rest, needs to digest recent gains. The last thing you want to see, if you're a bull and you believe in the, you know, permable, honestly, permable, but if you believe in the bull market thesis, the last thing you want to see is. 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, giving everybody welcome to another edition of the access to trader.com nightly wrap up show. Hope everybody is doing well. Hope everybody had a good trading day. Quiet, right? Quiet session today. I don't think anybody is shocked. I mean, you had a really big move in the NASDAQ 100 for the last two weeks, very, very good remount of the 50-day moving average, and it's kind of just gone linear. And, you know, this was a perfect day after taking out the all-time highs yesterday to kind of digest, to kind of relax, get its breath, catch its breath, get its feet onto them, and kind of digest what happens next. And what happens next is a Fed meeting that is going to come tomorrow, tapering on, tapering off. What's the long term? What's the short term prowess of the economy? Personally, I think it's going to be a complete non-event again. I don't think just a simple one event, a one-day meeting is going to dictate of what's going to possibly happen after the last 15, 18 months of an economy, global economy coming to a standstill and pretty much starting to recover, right? Everything is pretty much open right now. Things are starting to recover. People need to get back on their feet, right? So the idea of anything aggressive one way or another is probably not in the picture, but in this world, anything is possible. So I think also not only did we rest just because we had a big run, we also rested today because I don't think anybody wants to make any really big bets ahead of the Fed announcement tomorrow. You can really see that today in the lack of co-activate, right? There wasn't really any aggressive calls ahead of the Fed today. There wasn't obviously any puts ahead of the Fed tomorrow just because, again, the market is going linear right now. It keeps on hugging the five-day moving average and every time it hits the five-day moving average, it bounces. So the idea that the market, quote, unquote, was down today, it's not really down. It's a great victory for the bulls, especially the technology bulls. And if you see the stocks that had really, really big runs over the last couple of weeks or even just recent runs, you could clearly tell how good they digested. Amazon is up literally. Stock went to 33.96 today. The stock is up 96 points in four sessions. It was down 75 cents today. That's it. Apple broke out yesterday. We had a nice little bounce today on Apple. We'll talk about that in a second. Apple had a really strong move today, held perfectly inside day on half the volume, you know, very, very bullish. Facebook has been a rock star down two cents on the day. You kind of get the picture. AMAT has been super, duper strong with absolutely nothing today. These are good things, right? Zoom had a really, really big run. Again, a blip, right? So I think about the stock had, has had a run from 330 all the way to 370 in three days down six points. So the bulls did their job. There was absolutely no fear today. Not a lot of clear channels. I think that's the negative side of a res day. You're not going to get a lot of really big channels one way or another because number one, if you rest, there's not going to be any upside channels. They're going to be very strong. And obviously, if they're just kind of drifting lower, you're not going to see any fear. So there's not going to be any downside channels because everything, pretty much all the components on the cues are well above, well above not only the 50 day moving average, you're well above the five day as well. The weird move today came on Roku. And again, there was some news today with Viacom would Comcast. This is a pretty big move down. You know, obviously I was watching this thing for continuation. If you watched last night's video, I was watching for a continuation above yesterday's channels. Obviously never got anywhere near, but really, really notable aggressive sell off here, you know, towards, you know, towards the start of the day and really into the close. So we have to see if there's any more tangible news to come out there. But other than that, pretty slow day, not a lot of pivots. Again, we'll continue to work on the 60 minute bounces. And if you guys notice, I started talking about them more and more on the nightly videos, because that's kind of what we've been doing in the webinar. When there's not clear channels to the upside, we're basically taking the stronger names that big pushes the day before into slow drifts into rising 60 minutes support. And the stocks usually have a good, good, good value move off this rising support. So the one thing going into tomorrow is we could probably get another slower day. Number one, again, the market needs to rest needs to digest recent gains. The last thing you want to see if you're a bull and you believe in the, you know, permable, well, not necessarily permable, but if you believe in the bull market thesis, the last thing you want to see is people and including bulls start talking about too far too fast. We don't want that. We want nice, slow, methodical, slow growth, price appreciation, dip buying, all that good stuff that makes a healthy bull market. And the most important part of any bull market that is healthy is distribution through many, many groups. And if we've seen that in the banks, got a nice little pop to certain names, financials, excuse me, financials, technology, obviously in the last couple of weeks, the small cap trade has been on there. People are still chasing crazy, crazy things all over the place. Again, be careful with that game. The last person with the chair is probably going to be the winner, but more important, you know, again, guys, remember, you don't need to trade every single day. You don't even need to trade aggressively every single day. Today was very, very slow. Yeah, some bounces, no doubt. We're pretty good. Tomorrow has the potential to be another slow day. So the last thing you want to do is take this information ahead of a Fed day and say to myself, after this guy's Shapiro, tomorrow should be a great day. Well, based on what? I mean, if today was slow and channels were contracting today, you know, these aren't mixed messages. It's probably going to happen the same thing going into the Fed meeting tomorrow. And, you know, who knows what they're going to say, who knows how the market is going to react to tomorrow's session, just like the way the market is having kind of a break, a little bit of a reset, kind of a recharge in batteries. Traders do the same thing. We've had some incredible action, especially in the last two weeks with Beta, with the small caps with Beta, with all that stuff. You need a reset as well. Again, you can drive 100 miles an hour every single day. Let the market dictate what's your next move. Let the market dictate to you how aggressive or how passive you want to be in a session. Usually you'll find you'll get a lot of clues based on the previous night's research, which is tonight. And the last thing you want to do is get super creative. So again, are there names that I like? Yeah, I do like some names. You know, like Airbnb has some pretty aggressive call buying coming in pretty much all day. It held up very, very well. We actually caught a couple of bounces off some levels on there. The breakout, well, I don't want to use the word breakout, but it's stalled on the top of the range here, which I really didn't like. But there was a real old buyer here all day. So if we could start confirming today's channels, maybe you know, who knows, maybe this thing could light up tomorrow. Macro picture is still a little murky, but there is a potential for the trade. Not the best, right? Not definitely not the best one that I like. You know, there's some names here. I do like this, right? I'm not going to mention the symbol, right? I'm not going to mention it's probably my favorite stock to trade. But, you know, stock got rejected yesterday perfectly, you know, 625, right? Got rejected twice. And now it's kind of coming up on this channel right over here. And it's kind of tested this channel once, twice, three times now. So I'm watching, you know, I'm going to watch Tesla, right? You know, for me, it doesn't make a difference which way this thing trades. We did see some aggressive put buying starting today. And again, is this, you know, for a market that potentially can rest, all you need is one, right? And I can't possibly think of anything better than my favorite trading vehicle, no pun intended, that if it starts losing the bottom of this channel here, there's, you know, there's some pretty decent room down. So I'm definitely keeping an eye on Tesla tomorrow if it starts losing some macro channels. Other than that, you know, let's talk about today's session, you know, again, I don't love anything tomorrow. I don't love. And this could turn into a love fest. If a downside channel starts to get hit. But, you know, other than that, I'm not in really in love with anything tomorrow. Let's see how we're played by ears. So let's talk about today. So Palantir or Palantir, whatever the hell you want to, I keep on mispronouncing it. We were watching this thing for the 2530 break, traded into the 50s. That's really a lot of call buying. They were coming in for the 30 calls, one after another, after another, and it failed. It absolutely failed. I wound up losing like, you know, 16, 17 cents in the trade, not the end of the world. But the point is, I didn't like the fact that you had all that option flow come in very, very aggressively and the stock did absolutely nothing. You could tell here, it broke this top of the channel. It's not like it got rejected anywhere. It just literally just kind of lost steam. We bought it on a pullback into rising support. It just wouldn't let go of it. So again, kind of weird. But again, the most important part is when you see water flow dry up and the stock can't reclaim levels, got to get out of the trade. A big move yesterday in the AYX obviously never got close to 86, Zoom never got close to the 69, 370 level. They sold it off all day. Excuse me, Roku, Zoom never got to 370, 371. Tesla obviously didn't get back to the upper range here. And here's a perfect example when we talk about in the video all the time, when we talk about potential 60-minute bounces. And these are strong stocks that broke out the day before. And if they give you a week open into rising 60-minute support, that's the bounce place. So Apple was actually pretty good. This is a pretty good trade. We caught literally near what, 20, 25 cents off the lows, potential 60-minute bounce, 129.60s for experienced traders, obviously needs to build 30, 60 to build for the more upside. And Apple's a really nice move here. So here's my point of a 60-minute, right? Here's the 60-minute rising support and it traded right here. We bought the remount and the stock almost went green on the day. Nice move there, really nice move on Apple off the lows. Really wonderful move. So that's kind of, that's what we talk about, buying strong stocks into rising 60-minute support. And if you look at Amazon, I've been talking about that literally all week. Every single time it touches the bottom of the channel here at Spikes, reclaim the bottom of the channel Spikes, reclaim the bottom of the channel Spikes. So that bottom 60-minute support is a really, really good tool and we've been kind of talking about that for a long time. So nice move on Apple. Also, we caught this Airbnb on a dip as well, caught it for a little bit less than the dollar, but nice move there as well. Square, nice little pop. I personally missed the square trade, 231.50 needs to build. It was very fast. It was really at the open. If you caught it, congratulations, I just missed it. 231.50 went to 233.21, right? You know, went up almost $2 if you caught the trade. I missed it. This was, you know, square eyes never came close to the 750, 760. This was definitely the move of the day for all you guys who did catch shop. Congratulations, 1312 needs to build. We talked about shop last night on the video here with shop, right? It took out that 1312 this whole channel here and traded almost, you know, trade the 1350 huge, huge move on shop. Congratulations. Again, guys, that's the whole point. You just need one. You don't need to put on 78 positions being 20 different stocks at once. You only need one good one to make your nut and, you know, if you can catch the right one, you do your research. You should be all right. So shop was good. Wish not, not a bad move. Wish $12 needs to build. Here was Wish, right off the open. Here was Wish. You can see here right off the open. Here was Wish off the $12, went to 1250s, and it kind of came back. But not a bad move. Good job for you guys. Accorded beyond, never got close to the 53.54 area. Yeah, again, perfect bounce. Now break even as you stop, right? Free trade here. Airbnb, Airbnb on the natural pivot only went up like 75 cents. Take on the way. Let's go, right? Let's go green. Almost got green. Almost got green. But nice, you know, nice bounce on Apple, nevertheless. And that is it, right? Sit tight, guys, right? So, you know, sit tight, looks like a res drift day. So that's about it, guys. So going into tomorrow, going into tomorrow, you know, I kind of like this AI also. Take a look at this AI. It held now 47 several times, excuse me, 57 several times. This whole range here. Keep an eye on this AI. If it starts losing 57 tomorrow, maybe it gets hit. But, you know, going into tomorrow, I really have no nothing that I love. I am watching Tesla just in case it finally confirms the downside channel. And the one thing about Tesla compared to everything else, when Tesla expands, and you guys see this every, every, you know, every interval when it gets aggressive, both the long and the short side, when Tesla does expand and it confirms channels, you can have a really, really big potential on your hand. So, you know, I'm going to watch this. And if it doesn't confirm, it doesn't confirm, but at least there is definitely potential if indeed it does. So guys, have a great day. Stay patient, stay calm. Remember, it's not a race. You don't need to trade every day. See how the date plays out. See early option flow tomorrow. See what's coming in, that's coming in aggressive from the option market. Buy those dips on those stocks into rising 60-minute support. See if there's any natural pivots to confirm. Other than that, nice and easy day by day, trade by trade. Guys, have a great night. I'll see you all tomorrow.