 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 theaccesotrader.com nightly wrap up show. Hope everybody is doing well. Hope everybody had a great day. If you are brand new to the channel, guys are stumbled upon this. Thank you very much for spending a couple of minutes with us. If you are so kind, take a second to like the video, share and subscribe if you haven't done so. Other than that guys, sit back, relax, and hopefully we'll continue to give you great, great content on a daily basis. So there was no video last night. I didn't think there was a reason to make a video last night because literally yesterday's day was literally the same day if it was on Tuesday, meaning that the market was going for on a rest. Well deserved rest stocks like NVIDIA, Amazon, Meta, Microsoft, they were all resting AMD as well. We'll get to that in a second. It was kind of counterproductive to make the same video as last night before and say, well guys, market is going through distribution. Hopefully the market can start waking up today. Well today was the day, right? Today was the day you had data come out, more inflation data come out. I believe it was the PCE. The market really loved the reaction, at least the reaction to the data. As you can see here right from the word go, big, big move on the 830 data and little by little, everything started coming out of their channels pretty aggressively. And this is, again, the type of market that we've been talking about for a while that a lot of fund managers, they blew it. They blew it in 2023. They didn't believe the rally, especially coming after the 2022 bear market. So they didn't believe it. They weren't buying anything. A lot of them weren't. That's why a lot of these funds are having really subpar performance the last couple of years. So what do they do this year? As you've been watching the video, they've been buying, they've been chasing in a weird way. They've been chasing performance because the last thing they want to do is go back on the books when they finally close in 2024 and say, oh, we did it again. We again, we didn't perform. So that's what they're doing. I mean, what was the last time you saw a move on AMD that was not earnings related up 16 points in the day? And oh, by the way, up another three points after the close. This is the type of market what it is. It's not just names like NVIDIA. They're going nuts and SMCI that are going nuts. A lot of the other semiconductors going crazy. They're really chasing performance here and the shareholder and the trader and the speculator, they're all being rewarded for. And if you look at the final tally, right? You have this four day consolidation. We closed on the five day today on this PC data. We reclaimed back to five day. And this is now the whole, the highest close in the whole formation. If you look at the semiconductors, right? Semiconductors, they exactly the same thing. You guys remember that we were talking about 206, 206, 206, right? That's the line and saying, guess what? They held 206 again yesterday and now are one day away from taking all time highs again. So the market is just continues to be very, very strong. If you are patient and you watch the option flow because the option flow market is dictating pretty much every big move. If you guys remember, even when NVIDIA broke out above this 505 area, they were already coming for the 550s and the 600s. Well, this morning AMD started breaking out, started taking out the previous day's channel and they were coming for the 190s. This is when the stock was still at 179, 180. So you can see it's it really strongly is a formal market in the most sophisticated fund managers. If they missed last year, they sure sell it trying to make up for it this year. And now they're just taking one stock at a time. Any good catalyst that comes on board and they're just really sending these things, dare I say it to the moon. AMD again, huge move today, phenomenal move today, all time highs on Amazon today, right? It rested for highs close in this whole formation. Microsoft woke up from a four day nap, exploded back. Now it's again, one or two days away from testing highs on meta, right? Meta had a good run, kind of rested, still getting very tight. This is now the highest close in this whole formation. Now, if it starts taking out the February 23 highs, maybe it finally gets to 500. I'd be curious to see if they start hammering those 500 weeklies going into tomorrow's session. The one stock, the one of two names that continue to be fuddle completely be fuddle. Everybody is Apple. Apple cannot rally despite that AI announcement a couple of days ago that they're kind of unwinding their EV. Business or the EV wish or want list and now are strictly looking at AI. They didn't care. They sold off the news. Guys, look at this volume bar today, right? Look at the volume bar on Apple. So again, we're still watching this thing. As much as we're talking about some great opportunities to the upside, we're still watching Apple. Tesla, again, your guess is as good as mine. Does that sound familiar? It's still trapped in this channel, guys. Eventually this damn thing's in a break. I think I could speak for every Tesla shareholder or not even shareholder, every Tesla trader, whether you trade long, short or indifferent, we don't even care at this point. Just get out of this range. Up or down, I don't even care. Down has more value. Upside obviously has more good feel to it. But at this point, I just don't care which ways. But right now it's still stuck in the middle of their ranges. So let's talk about it. It's a nice short suite. We don't need to overly dissect this market. The market is very, very strong. I was watching TTD today. Didn't confirm. I was watching Tesla to the upside. Didn't confirm. AMLX, I was watching the upside. I wasn't watching the upside, but people were. I don't trade this crap. And I say that, of course, the nicest way. I didn't confirm. Here's where all the madness started. Right? It started with AMD. AMD opens below 7850. Let's use that as a pivot of interest. If it opens above, let's use 79 and a quarter. Well, AMD took out 79 and a quarter and just went, yeah, this is what it did. It went absolutely nuts. We took a pair trade overnight on AMD. I was long AMD overnight. Short queues. It stocked up another $3 after the close. I'm done with AMD and I wound up losing a little bit less than, a little bit less than 13, 14 cents on the queues. Cares. That was my hedge. But AMD is surging after the close another $3. Microsoft 40980 needs to build. Microsoft is going nuts as well. I traded all the way up to $414, a $5 move. This thing starts confirming this $414 level tomorrow. It should continue on NVIDIA, right? NVIDIA, this is again where we talk about trading both sides of the market. We had a pivot to the upside. We had a pivot to the downside. And then you just patiently wait. Again, it's not about the stock. It's about the channels. NVIDIA confirmed $789.30s and just went batty, right? Just went absolutely batty. Traded up to $800 today. Guys, if this thing could get above $800 tomorrow and stay above $800 tomorrow, NVIDIA can go all the way back up to those earnings highs run of $824. Just a really, really strong and exaggerated market. CRM, again, gives you an idea how strong this market is. CRM came out with earnings last night. They got killed on earnings, walked this way back up, took out the after hours highs of $305, $305 and traded all the way up to $310. Here it is right here. $305, $80s after hours highs needs to build. Traded up to almost $411. And yeah, the first move went to $188. And now we're talking about AMD at $195. Here, for all you guys who watched the video on Tuesday, when I made that reference, when Terry Hatcher on Seinfeld said they're real and they're spectacular, we were talking about technical analysis. Well, yeah, they're real. Technical analysis is real and it is spectacular. So again, here is the first move. We got $5 out of AMD. We'll wait for the dip later. We'll wait for the dip later. The dip really never came. We boarded back near the close and now it's up another $3 after the close. Again, here's the pair of trade I took overnight. Long AMD, short queues, all out of everything now. And AMD just went nuts. AMD went absolutely nuts. And that's it. Done with AMD. For all you guys who are still holding calls, consider again, if you watch this broadcast before the close of the ECNs at 8 o'clock, you might want to consider shorting some stock against your calls to kind of pair up your trade. That's it, guys. That's it. It's a supermarket. Let's see what happens tomorrow. Let's see how much value we have tomorrow. And let's see if we can get another big run out of these tech names as well. Guys, God bless everybody. Have a great day tomorrow. And I will see you all soon. Take care.