 I think the first three to five years in this business is just the honeymoon phase. You're still believing this whole euphoria. 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 theAxisTrader.com. Nightly wrap up show, hope everybody is doing well. Hope everybody had a good day. So let's talk about the tape. So prior to today's session, if you look at the spies, right? The spies up to today, and today was just a little bit better, but up till today had the last two days or the first two days of the week, had its lowest two volume days for the whole year, right? If you look all the way to the bottom here, you'll see the last two days had incredibly light volume, very, very just not committing an action. We talked about this on the previous video on Monday night that there was just absolutely no option flow whatsoever. It felt like institutional money kind of just left the building and just has no deal and no desire to come back. And we kept on just going sideways. You see this whole sideways action, up one day, down one day, up one day, down one day and all these channels are getting tighter and tighter. Again, tell me if you've heard this before and the same thing pretty much on the NASDAQ composite. So the only difference between today's session and the last two sessions, is yeah, we had some pretty decent pivots yesterday, but today it finally felt a little bit normal. I think that's the best way of saying it. And despite what the scoreboard said and despite that, it was just a smaller tick in volume today versus yesterday. And you can see the NASDAQ composite actually had smaller volume than yesterday. At least we saw something today that resembled pretty organic trading. We saw option flow, that's number one. We saw pretty aggressive moves in the morning. And that's a very, very big deal because again, when you have that open window, you literally have a window to go through and that's the first three hours of the day. And the afternoon usually becomes one big dead zone. Again, it's not anything new that we talked about, but the most important part was at least we got a window, right? And that was the most important thing. And it was some pretty good moves again. We'll get to the pivots in a second, but the question is, right, and excuse me, the answer is after the lunch, you saw a very lethargic end to the day and the market just kind of faded really not a lot, you know, really not a lot of emphasis. Again, the volume kind of speaks for itself. And the question is again, how long is this gonna last? Now, if we have a continuation of today's action for tomorrow, nobody's gonna complain, right? We're still gonna turn around after lunch and go, wow, it's kind of dead here after lunch, but that's okay. After lunch is a completely different game in the morning, but the most important thing is, can the market at least continue to show us a resemblance of what we saw today, right? Compared to the first two days of the week, that we're just very, very painfully slow. And I think a lot, again, if you are an intraday trader and you do trade high beta technology, you kind of know the same thing. Now, again, if you trade $2 stocks, small cap stocks, again, there's been some pretty good moves in that sector, no denying that, right? Yesterday there was that AERC, today was this HTCR, right? If you, you know, these are big, big moves. So again, if you traded these things, hey, top congratulations, that's a really, really big deal. But for the most part, again, I trade technology, right? That I don't know what the rest of the market is because that's kind of my thing. So technology is the most important thing for me. And again, the most important sectors right now for the last couple of days of speculation money has been the oil and energy smaller cap names. And now you're seeing smaller cap names just in general kind of fire up a little bit desire. And again, for those people who are making money, those things are fantastic. But for the rest of us, the majority of market participants who are looking for institutional money flow, we're still getting this long, long case and tomorrow is going to be day nine, right? So now we're talking about almost two full weeks of sideways action. Now, again, you can talk about, well, the market is just waiting on CPI. That's cool, right? That's cool. But why is this CPI more important? Think about it. Why is this CPI more important than the last data, the last fed conversation, the last fed testimony? Like, why is it different? Like, I feel like it's almost like an excuse, an apologetic statement of why the market has been less than aggressive. That's the best way of saying it, less aggressive the last few days. But we'll see again, the hardest part for a newer trader is to kind of sit, okay? Today was a little bit different. Today we had some pretty good pivots. But for the majority of traders, the hardest part is to sit. Because again, they see markets flying all over the place, stocks flying all over the place. It's so easy once you start, once you get to that seven, 10, 12, 15 years, not until about 20, but seven, 10, 15 years, it's much easier to kind of sit back and relax and kind of analyze and take into data than to just sit there. Again, I think the first three to five years in this business is just the honeymoon phase. You're still believing this whole euphoria of is it Monday on a random Wednesday and you're still holding this business to a really high regards, almost like a pedestal. You learn, right? You'll quickly learn. That desire to trade is quickly gonna go away because you finally gonna realize what this business is and what it's not, right? The emotional and romanticism of this business in your mind is completely different than what it is. The only question is, can we find value every single day, right? And that's the most important part. The market is just not going higher. The market is not going lower. At least what it did yesterday was, give us at least a line in the sand to the downside because yesterday it snapped this area here, went down to the 10 day moving average, remounted very, very quickly and rallied. And a move like that should have taken this, the stock market really, really high today and it just couldn't, it absolutely could not. It kind of rolled over. So here we are, right? That's kind of where we are. That's just the reality. I don't care what trader you are on the planet. You're looking at the same charts as everybody else. Yeah, I mean, look, are there things to do for tomorrow? Yeah, I kind of like the CRM, right? CRM is kind of going, is kind of putting in a nice flag after its earnings. That looks pretty good. A stock like wind resorts, right? First close over the 50 day moving average. You look at the Las Vegas names, right? Las Vegas Sands, kind of the same thing. So yeah, I mean, there's definitely things to look at but when you look at the stocks that we trade, right? I mean, look at Tesla right in the middle of the range. It's right now, it's 35 points away from the bottom range and 25 points away from the top of the range, right? That's in the middle of the range. You look at a name like Facebook. Again, Facebook got a really nice move today, right? Facebook is right in the middle of the range. Apple that looked really great for about three hours today had a nice move, not huge, but a nice move. You know, had some 52 and a half weeklies, 155 weeklies and just can't just died on a vine here. So the market as of right now for the technology names only just absolutely, absolutely no just gusto, right? One way or another. And if you look at tonight's email and for all you guys who don't get the email, you're not gonna see it. But if you look at tonight's email for all you guys in the webinar, you'll see there's like two smaller cap stocks on there. You'll never, you know what the chance is for me to put two small cap stocks to watch for tomorrow, right? Probably not, but that's kind of where the hot money is right now. And for all you guys in the webinar who caught that HTCR today, you kind of see where the money flow is right now and where it's not. So it's nice little blend going into tomorrow. So I think the most important part is kind of accept that we're back in the range and unfortunately that's exactly where we are. But again, as we know every single day, you don't need to look for value, right? It's gonna fall into your lap or it's not. And the greatest part about it is there's always the next day and that's the most important part. That is the discipline of being an aspiring trader, a professional trader or anything in between. So let's talk about today, not bad at all. Not bad at all today. Finally, things started waking up here. You know, MDB thinner trader 299-300 needs to build for a possible move to 310. Not a big move, you know, not a big move at all. But again, you know, here's your 399 trade and it went to 308, right? Here's your 299-300 and just missed 310 went to 308. Not a bad move at all. Not a bad move at all. Apple 149 needs to build only went up about 70 cents. But it looked so good, didn't it, right? It looked so good for like the first three hours of the day. It looked good, like it was about to go and then just kind of died on a vine, which kind of sucks, but it is what it is. Facebook was definitely one of the nicer cleaner moves today. Basically just went straight up. 197 needs to build. Here was Facebook. It traded right to the $200 and 55 cent area that we talked about here is the whole pivot here took out the 197 and traded all the way up to that $200 and 50 cent area. Really nice smooth trade, wasn't it? Wasn't any down ticks. AERC, that was the one from yesterday. 1185-12 needs to build. You know, had an initial spike here. Had an initial spike here. Went to this 12, what was it? Went to 1270s and then just died, like you know, like a lot of these other names do. CRM I still like for tomorrow. GameStop, nothing, Marvel, nothing. TTD only ran up about 60 cents, nothing big there. Tesla, again, it's Tesla, right? It's Tesla. 735 needs to build. That's the 60 minute supply for a move to 746. Initially, here's Tesla. Again, Tesla, I mean, if you could just catch Tesla, what else do you need, right? So here's the 735. It went to 750, but then, right? Got rejected off the 50 day moving average. Excuse me, the 20 day moving average got rejected. Now it's literally in the middle of the range from the bottom and the middle of the range from the top. So it is what it is. In this market, guys, you gotta just continue taking cash flow. Just keep on taking on the way up, take on the way down. We've been kind of beating that point to the, and to everybody's head. Don't treat this as, you know, don't treat it more, anything more than a rental, right? It's just literally just a rental. As soon as you get cash flow, if it goes to your measured potential, that's great. But if not, you know, use break even as you stop on all runners. But again, that's kind of the formula until we kind of get out of this range. So Tesla, again, Tesla is good. V-E-R-U never got to the 642 area. So that's it. You know, that's it. I'm kind of watching, you know, I'm kind of watching everything tomorrow. Amazon, you know, looks interesting as well. You know, looks interesting after the split here. I'm gonna watch the bottom channel here in the next couple of days. It probably doesn't get there tomorrow, but I am gonna watch this thing for the next couple of days and kind of just see where everything is. I think that's the best way of saying it. Again, I don't have a great vibe for tomorrow because if you go through all the channels today, after your research after the close, you'll see exactly what I'm seeing. Just everything stuck in the middle. But eventually, here's the good news. Something has to give. It always does. The question is, what? Right? That's the question. So, you know, pretty solid day. Pretty solid day. Well, we'll see what happens tomorrow, right? We'll see what happens tomorrow. Guys, have a great night. God bless. And I will see you on the field tomorrow.