 This is getting really, really close to kind of what we call a blow off top, not a blow off top that the market's going to go back to its pandemic lows, just a blow off top that it's going to catch a lot of people with their pants underneath their ankles. 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 the AccessTrader.com Nightly Wrap Up Show. Usually I'm off on Thursdays, but since my daughter had a soccer game on Tuesday, I didn't get a chance to record there. I figured, you know, let me share my thoughts kind of where I think is going on. Number one, first of all, last night, if you watched the video last night, we knew we were going to get a lot of value today. And the reason why we knew that, there was a lot of names that were consolidating on the bottom ranges or consolidating their really big moves that haven't really taken part in their second stage. So I kind of knew that. Second thing we kind of knew, the market is still in very, very big speculation money mode. People are chasing stocks left and right. But what we saw today, you really kind of caught my attention. And what I'll talk about in a few minutes, kind of is a little bit more of a cautious approach kind of going into tomorrow. We're basically, you know, you hear the word parabolic, right? And you hear the word parabolic. Usually it's associated with some small, smaller float stock that has just, you know, just gotten absolutely nuts. And there's no rhyme or reason behind it. And you can, you know, you can blame whatever outside forces what's happening with the name. But usually it's regulated to that, you know, to that one name that nobody's heard. You know, we're at the point right now, since we've reclaimed the 50 day moving average on the cues, that it all started out very innocently. You know, stocks started getting pulled up one by one. Earnings and tech names have, you know, been very, very good. Even when they missed their numbers, quote unquote, on the surface after hours, they reversed course and start going higher. And we're at the point right now that we are now 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14 days. That's nearly three weeks, right? 14 calendar days, but of four, you know, nearly three weeks of trading that we've gotten straight up. And what I've seen today, what I saw yesterday that we saw the day before, this is getting really, really close to kind of what we call a blow off top. Not a blow off top that the market's going to go back to its pandemic lows, just a blow off top that it's going to catch a lot of people with their pants underneath their ankles and have their blinders on and believe everything is going to be okay. I'll buy the stock at any given price. The market will make me whole. Maybe you will, maybe we won't. And a lot of times you go into the market every single day. And again, if you were watching this broadcast, I try to remove names from the top, right? I try to remove names that have been running for five, six days in a row. Of course, I'll buy them on dips. And of course, I'll watch for sneaky channels, especially pre-market, that you could take advantage of a sneaky pivot. But the last thing I'll do is like chase, or I don't want to use the word chase, but buy and attack the top of the channel after a four, five, six day run. And if you're doing your chart work and I do my chart work every single day and you hear me talk about it in every video, I try to buy and focus the names that are coming off the bottom, not off the top. It's getting really, really tough now to find those names coming off the bottom, which basically means that we are really, really long in the tooth as far as an aggressive move. And again, I don't know about you. And again, I could only speak for myself. If you're a believer that the cues are going to go to 416, to this measure potential move to the linear aggression line, maybe they do. Okay, maybe I do. And I might be a day wrong, kind of getting a little bit more conservative going into tomorrow, but based on what I saw today on phenomenal moves, and we'll get to the pivots in a second, epic, epic moves, right? Epic moves. Google, Google, Nvidia, Amazon, Amazon was just a monster today. Tesla, Tesla up 16 is the new rate, right? That's how strong this market is. So when you see these parabolic moves chart after chart after chart after chart, and you say to yourself, well, where's the meat left in this bone? At least for me, again, I can always speak for myself. This is only my opinion. Like I've always said in my course of thinking, I rather be a day early, right? A day early and miss the next training day or at least miss the bolt of the next trading day than be a day late and get run over by that train that you see coming. You just kind of look away. But you see it coming. You see the light coming. You see the tunnel coming. You see everything coming. You get out the tracks. Get off the tracks. Get off the tracks. You know what? I'll stay on the tracks for one more minute. Maybe it'll stop. It doesn't work that way. So I went through a lot of charts today this afternoon. I think the market is still very, very strong. I do believe you still can find some really good pockets of strength to take advantage of. But when you start looking at names like the video, I mean, ridiculous, and what Amazon did today, although it's not near parabolic, and today's candle basically took out three days worth of selling, including earnings. When you talk about Tesla and, I mean, Tesla, I mean, look at this move. I mean, just absolutely insane Google today had a really, really strong move as well. But when you start looking at semiconductors and cloud names and a lot of different bios and this, that, and the third, you start looking and you say, well, damn it, where the hell is the meat on this bone? And I think tomorrow is Friday. I still like some names. I went through some charts. I definitely like some names. And maybe Google reclaims the top of the supply zone, maybe gets a second wave up. Okay. I like Google. I'm watching Google. Maybe if Amazon, because again, these are not extended names yet, right? Maybe if Amazon clears off this ball in German, maybe it has one more day. Okay, fine. Cool. And again, you could do a lot of damage with Amazon and Google being on your focal list like we had today. But again, you start looking at a lot of names that usually I wouldn't, you know, really watch. Okay. But they're starting to look pretty good. I mean, Lucid is still getting a lot of call buying, right? A lot of call buying three days in a row of higher highs, higher lows off the five-day moving average. And listen, maybe if it starts taking out this linear regression line, you know, and some good option flow comes in. Okay. I could get my attention. A name like CERS had a really, really big move yesterday, you know, relaxed today, maybe goes one more day twice, maybe gets a third day. Okay. It's definitely warranted my attention. Even a name like Land Research, right? That has not had a big run up. It's not exactly the easiest stock to trade, but at least you can see it's attempting to come out of a range, right? You can definitely see the potential on the off coming off the bottom. So when you look at Tesla and NVIDIA and, you know, you know, names like that, it's very tough, right? Very, very tough. Maybe into dips into rising 60 minutes support. Again, ridiculous amount of call buying still coming into the name. But as I've always said, be safe. And then sorry. So again, if there is a pull in the market, again, I'm not saying the will. Again, I'm just trying to be more conscious, right? Be more conscious of kind of how many charts I saw to have this value versus how many charts are overextended. So I'm kind of being a little bit more prudent going into tomorrow's session, although I am still, you know, still by bias. You know, there are names we could definitely take advantage of the outside. I mean, Netflix had a nasty reversal today and lost the 10-day moving average. If you have, if you've been watching this broadcast, you know the 10-day moving average is the birth of the trade to the upside. Well, if it confirms to the downside, well, it's the birth of the trade to the downside. Roku, you know, had a nasty move on earnings, okay? Maybe earning, maybe this thing gets stuffed into supply, rolls over, starts taking out phase low, starts moving lower as well. So I definitely want to be more conscious of some names that are weak that didn't participate, especially had nasty rollovers today, you know, like a Roku, like a Netflix. Again, there's obviously some still a little bit of meat left on the bone to the upside. But again, I believe in this business, and I've been saying this for years, is the long game, right? Is the long game. So even if you miss and the video continues to go higher and Tesla on strength continues to go high, it's possible, right? Very, very possible. Again, I'm still very, very a big believer of this bull market. But again, at some point when you got a linear move in the cues, right, let me show you guys, when you have a linear move in the cues and they hit the upper Bollinger Band, this is the first time they hit the upper Bollinger Band since one, two, three, four, five, six, seven, eight days, we're talking about almost two weeks. Tomorrow will be day nine. So you're talking about almost two weeks of testing any type of supply in any healthy market, any market that's going to have staying power going more than two, three weeks, needs some sort of rest. This is just common sense. It needs rest. It needs a little bit of distribution. It needs to kind of get its win, you know, underneath the scales because eventually even the biggest bulls, okay, you're all going to turn around and say, you know, I can't buy this man, how can I buy this? This stock has moved up 200 points in the last five days. How can I possibly even look at this thing? And that's not what you want, right? You don't want that personality that coming in from the, even the biggest macro bulls talking about too much, too fast. Let's get, you know, let's take the money when we want to, not the one we have to, and kind of reassess, especially tomorrow's Friday. Again, nobody's going to start going tomorrow, guns blazing after, you know, after the cues just put up a candle from, where is it, from 269 to 400, right? In three weeks, nobody's going to start turning around and say, I need to get long today. Well, what happened to the other 40 points in the last three weeks of the cues? So just for me, again, again, take my advice, don't take my advice, just one humble man's opinion. I think we're a little extended, right? A little bit extended. I'm still bullish tomorrow on certain select names coming off the bottom, but I'm definitely now more conscious of some names that we could take advantage to the downside in case there is an aggressive pull. And again, the last thing you want to do is be caught without a chair, every great market, every bullish market that I've ever traded, whether it was the internet craze or even this last run, you forget about this last one, even the run from 2009, right? 2000, excuse me, from 2000, yeah, 2009, the bottom of the mortgage crisis all the way up to 1011, right? There was a phenomenal run. It definitely had pockets of very aggressive selling so the market could kind of reset. Will that happen tomorrow? I don't know, right? I don't know. The only thing we can do is have an opinion based on data, trust our opinion, trust everything that got us up to this point, right? That put us in the position that we are in control. And again, at the end of the day, isn't it all about control? Isn't it about being a day early than a day late? Isn't it about recognizing the signs before the signs hit you over the head? And the moral of the story is, even if I'm wrong tomorrow, the market continues to go higher, well, what's the worst case scenario? We buy stocks that are not overextended. I just mean, right? Not the end of the world. But if we are right and stocks gap up, get stuff into supply, at least we have some place to the downside that we could take advantage of. So let's talk about today's action. Again, what are you going to say? So Amazon went absolutely nuts today. Absolutely nuts from pillar to post. And when I tell you, it didn't have a retrace today. It did not have a retrace. It's very rarely you see Amazon or any stock, not named Tesla, go up without even taking out the previous 60 minute candle on the way up the test. Amazon never came even close to taking out a previous 60 minute low, not even close. The closest it came was, I think, 25 or $30 from the previous candle. That's how strong the name was. 3397, 3400, right off the gate. They came for the 3400, the 3500 weeklies. Amazon went absolutely nuts. Definitely the trade of the day. I mean, definitely. So here is this whole channel here, right? 3397, 3400. I mean, this thing just went nuts, 100 points. Look, this is what I'm talking about. Here's the first candle was 60, right? The next four candles, the next five candles, never took out the previous candle. High, higher, higher, higher, higher, higher, higher, higher. So ridiculous move, ridiculous move on Amazon. Netflix, I was actually watching through the upside, got absolutely destroyed. Cisco is complete dud. I think it never reclaimed the $58 number. Never. It's still the number. I'm just surprised it didn't zoom. Nice little pop on zoom. 287 needs to build. Put up a $4, $5 candle. Nothing crazy. Put up a $4, $5 candle. Here's the 90. Here's the 87. This whole channel here went right to supply in 91. Again, four or five bucks before it got rejected. Again, there's no surprise. We know we talked about, hey guys, 291, 292, start making some sales. It's going into supply. Again, you need to know where supply is, where you're going to be trading completely blind. Airbnb was a nice move. They had some pretty good earnings after the close. A couple of days ago, they came for the 8250 weeklies. Today, they came for the 8750s ahead of earnings. Nice earnings here. 177 needs to build. It traded up to 87 after hours, but that's not what we were concerned. We were concerned basically with this whole channel here, this whole channel here of 77. Put up a couple of bucks, a couple of dollar move, a two and a half dollar move, and then obviously it's having a pretty good, it had a big, big pop initially after the close. Now it's just kind of going sideways. TDOC never gave a second entry. Popped to 56 and change. Never gave a second entry. Went straight down. AI stopped right at 50. Never gave a second. Never even gave an entry. Here's Amazon. Google was awesome as well. Google was great as well. 2960 rejected. Twice needs to build. I don't remember the last time I saw size buyers come in on Google, but size buyers came in on Google nonstop for the 3,000 calls. 2960 was a sneaky pivot on Google, right? 2960 was right over here. You see these two candles? 2960, 2960. So once it finally got above the 2960, it took out 2973 and went right to 3,000. Just a really, really strong move on Google and Amazon. Here comes Airbnb taking the way up. Phenomenal move on Amazon. Nice move on Airbnb. Here comes Google, right? 2960, 2973. Just phenomenal. Just a really, really good, strong session. There was a sneaky pivot coming in on Tesla that never confirmed. So the moral of the story is here's the last move. Feel free to book all the runners. You can trade at the $34.98. Yeah, I mean, so look, the market's been in a great run. The pivots have been phenomenal. Technology's been an absolute beast, but at some time, again, I don't care how strong of a high-performance vehicle you have. I don't care what it is, a Ferrari, a Bentley, whatever it is, whatever your driving choice, your favorite exotic mobile is. You can't drive at one speed. You have to learn to kind of take the step. Put off the gas. Relax before you run into trouble. Just one man's opinion. So I'm going to be a little more prudent for tomorrow. I'm going to watch both sides of the market. And if we have any type of sides of exhaustion, I'll start looking at like the names like Roku and Netflix for a possible date to melt down. So guys, have a great night. God bless, and I'll see you all tomorrow.