 If Boeing can get above this 50-day moving average, we started seeing 240, 240, 250 weekly call buyers coming in. 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, giving everybody welcome to another edition of the AccessaTrader.com Nightly Wrap-Up Show, where everybody is doing well. So if I had to kind of rewind last night's video and basically take the first 13 minutes and put it into today's video, I would just cut my video by two minutes and just go strictly for the stocks we're looking to watch. We're in a really tight concentration distribution channel, guys. This is just obvious. If you looked at last night's research, last night's video, we talked about beta names were dead, right? They're just literally going sideways. They're not going up, they're not going down. We started talking about looking at alternative names to kind of trade, right? And if that is your thing, looking at names that may be coming out of channels that a lot of people are not watching or most people are not watching. And that's kind of where we are today, right? If you look at the Dow, you know, again, nothing, right? I mean, nothing to talk about here. We talked about this last night. They're just kind of buying time. The Dow is up 150 points. You have the NASDAQ down 80, 90 points, whatever the case may be. You have the spies up a little bit. And again, that's where we are. Again, guys, look at these distribution channels. Look how tight the ranges are just for the last, if the exception of, was it six days ago, right? Look how tight the channels are on the spies. These are the spies, right? This is a vehicle that's $440 a share. And look how tight the average shoe ranges. So if the average shoe range on the spies is going to be that tight, well, what do you think is going to happen for the rest of the market? If you look at the cues, and again, remember, the cues have the most violent, aggressive, and the largest average shoe range vehicles on the planet, pun intended, Tesla, right? Tesla, Amazon, Facebook. And look, again, for the exception of today, they kind of expand a little bit lower. We'll talk about that ramifications in a second. Look what the cues have done for the last three to five days, for the exception of that gap down five, six days ago. So that's where we are. We're in the dole jumps of summer. We're on the last inning before kids go back to school. It's kind of like a broken record. And our job, especially again, when you're in that three to five year window, or one to three year window, you're not seeing the market for what it was because you don't have the experience here. You don't have the screen time yet. You haven't went through distribution channels. You haven't gone through rolling tops, rolling bottoms. All you know, especially if you started in the last four and a half years, all you know is buy the dip, Bitcoin, blah, blah, blah. Currency, shmurrency, all time high. That's all you know. So you either, there isn't, and it's not your fault. There's no, there's no experience level for you to kind of draw back into back tests and say, well, what happened the last time, you know, last summer or two summers ago? Like what happened? What did I go through? And once you start realizing that there is a valid area in your career, especially it's gonna happen when pretty much everybody's gonna go on vacation or is on vacation right now. And you see these channels contract, contract, contract. Your job is not to sit there and go all the markets open. As Jim Kramer, you know, famously once said there's always an opportunity somewhere. That's nonsense, because that opportunity is not going to fit your specific types of stocks you trade. Yeah, maybe Home Depot is strong one day. I'm not trading Home Depot, right? Maybe, you know, Jerkcoin or, or, or Bitcoin is strong. I'm not gonna trade Bitcoin. I have nothing to do with Bitcoin. So it's very, very important to understand every single day is not an opportunity because your process is not gonna be fully highlighted for that day. And if Amazon is sitting in a $9 channel all day and Netflix is sitting in a $3 channel all day and the Q's are sitting in a $2 channel the whole day. Again, you can't squeeze water out of a rock. So the idea that every single day you could wake up in the morning and turn around and say, wow, this is gonna be a great day. It's going to be a great day based on the previous night's research. It's going to be a big day if the previous night's research warrants a channel to expand. And it's going to be a great day if you let that research confirm organically. If you just wake up in the morning and say, well, I don't get it. Last week, Tesla at 715 was good. Why isn't it not good today at 715? It's different channels, right? It's different intervals. The sentiment has shrunk. The volatility has shrunk. The participation in the market has shrunk. Don't believe me. All you have to do for all you guys who have option scanners, I don't care if it's a cheddar, if it's a trade alert, if it's flow algo, black box, green box, blue box, whatever the hell it is, right? You'll see the lack of institutional money flow today all day, all the orders I've been seeing. And again, there's some orders, of course, six figures or so. But you're seeing so many retail orders in the market, in the options market, 12,000, 16,000, 30,000, right? It's telling you that institutional money right now is soaking up the last bit of sun. It's sitting there right now, kind of sitting on the beach, waiting for after labor. They put their money to work in the fourth quarter. Remember, the fourth quarter is traditionally a very, very aggressive quarter. You're talking about Halloween, spilling over to the quote, unquote, Santa Claus rally, to this quote, unquote, January effect, and hopefully the first quarter kicks off without a hitch. But they know there's greener pastures. They know there's absolutely no reason to look at a market right now that Apple's going sideways, Nvidia's going sideways, Facebook's going sideways, Microsoft's going sideways and say, there's no rush, right? There's nothing imminent for me to put my money to work. It'll wait two weeks. It'll wait three weeks till everybody comes back. And I think that's when you'll see the natural market. Again, can you find pivots? Of course. We talk about this every single day. Of course, there's opportunity somewhere. We'll get to the individual pivots in a second. But you gotta be an adult, man. You really gotta be an adult. You see 30, 40, 50-year-old people acting like children because they can't get a trade every 30 seconds. It's ridiculous, okay? You will never meet your potential. You'll never reach your potential. If you continuously drive your car 100 miles an hour and rush hour traffic in midtown Manhattan, it's not gonna work. You're not gonna go anywhere. And it's so important to kind of shift gears. So for what a lot of people and unfortunately social media is like the only outlet some of you guys have, the only thing you see is buy, sell, buy, sell. There's some things going on. I have to catch up to performance. I have to make sure that the bright lights, I'm catching up to the bright lights and you don't realize everybody's looking at the same market. Everybody has exactly the same data. So if a stock is trading in a $2 channel for six hours, I promise you there's not a $9 move in the stock. Will there, will be as soon as participants return and the option of order flow gets very, very aggressive? Absolutely, but you have to be an adult, okay? The hardest part of training is patience. Everybody uses the word patience. Be patient for this, be patient for that. Unfortunately when you're one to three years in this business, you're not, and this is not to your fault, right? You're just lacking this screen time. You're lacking the experience. You don't know the difference between an aggressive curve than something that's contracting. Again, nobody's bothered to sit down to you and tell you, hey, there's two separate markets here. Distribution and a green light. Distribution and a green light. A green light doesn't mean up. Green light might mean down of technical damage or of daily support. So it's so important and crucial that if you want to actually do this for a living and the difference between doing this or living or buying a stock once in a while is letting the market participate, right? Letting the market participate through a bull market, distribution market, a bear market, and everything in between. Again, like we say all the time, you want to trade, but you don't have to trade. You need to trade, but you really don't need to trade. So it's so important guys, every single day, look at the landscape, read the market sentiment, and if your process is not being highlighted, there's nothing wrong with sitting it out. I say this every single day. It's not a sign of weakness that you don't have 17 positions on by 931. It's an act of maturity. Again, remember, when a guy like, maybe Barry Bonds is a bad example, a lot of people still have a bad taste in their mouth, but when Barry Bonds was going up to the plate, he wasn't looking for a home run every single time. Remember, before his head went nine feet wide and looked like a dinosaur, the guy was a 350 hitter before the steroids. He's looking for contact, and the only way you could get contact is waiting for your pitch. It's crucial for your development, and it's super crucial for your survival. Going in tomorrow, I kind of want to look at both sides of the market. I did find some names, even though we're kind of going sideways on most indexes, excuse me. I did find some ideas, both long and short. Boeing, I really like, right? Boeing looks really, really good. If you guys have been watching this video or just anything to do with me, you know how significant the 50-day moving average is. As you can see, Boeing got rejected off the 50-day once, twice, three times, stays the fourth time, right? If Boeing can get above this 50-day moving average, we started seeing 240, 240, 250 weekly call buyers coming in. If Boeing can just reclaim this whole 50-day moving average, there's a lot of room upside, right? It looks really, really good. You look at a name, for example, like a microchip, right? MCHP, which is a semi. Again, a lot of these semis started breaking down, right? Like really getting hit. This is not one of them, you know? In case the market is strong and there's a buyer's back to the semi-conductors, keep an eye on MCHP, like look at this, look at this nice little flag on, right? There's something to develop there. I'm not going to mention, you know who, right? You know, the greatest stock ever, you know, the most hated and love stock ever, because I figure if I don't mention it tonight's update, maybe it'll finally confirm tomorrow. If you don't know what I'm talking about, that's okay, right? That's okay. So I'm hoping to kind of bellichick the market gods and not mention my favorite stock of all time, maybe finally in this lifetime or the next as spoken by the greatest general maximus and gladiator, right? I will have my revenge in this lifetime or the next, maybe finally tomorrow, like so. Can't say the name, top secret information. But look at some names to the downside, right? We've got Amazon post-nasal drip of earnings. You know, again, it's really not that far from breaking down. When you look at a name like Roku, right? Had earnings, you know, initial reaction was not horrible. And then again, this thing is maybe one day away from breaking down. You look at Netflix, right? Netflix, you know, held the 50-day moving edge. If this thing loses the 50-day tomorrow, maybe this thing will go down as well. Look at a name like, you know, CPRT, right? Not usually a name that I follow, but this thing just broke its up trend today. This thing confirms down. Look at which room you have to the downside. So there's definitely names to watch to the downside. Smaller name like a Go-Go, for example, had good option flow today to the upside. Boeing looks pretty decent to the upside. There is some value, but again, it's not gonna be the whole, if you watched a lot of my videos in the past, there's some days that is so obvious. And I say, look, you don't have to be creative, right? Beta, just buy beta, or you don't have to be creative, short beta. You gotta be creative, right? You gotta be creative. You have to understand, you don't need to trade every single day. And the most important part is again, live to fight another day when there's better potential and the channels are starting to expand. So let's talk about today's pivots. Again, you're not gonna have a lot, right? Don't look at the stock, right? We don't wanna look at the stock. My favorite stock, don't look at it. Don't look at it. We wanna even talk about it today, right? Again, like I said last night in the video, you're not gonna get $10 moves, right? You know, tear down your size, tear down your expectations. You know, can you get a move today? 50 cents, a dollar, yeah, maybe, right? Maybe, but the point is don't think for a second that you're gonna sit there in a distribution channel trying to get $12 out of a trade. Maybe you will, maybe you won't, but you probably won't. So let's talk about it. Blink, 37 needs to build, right? Blink, again, not a big move and that's the whole point. Not a big move, ran up about 50 cents. The good news is this is the first close over the 50 day moving average. It is part of the whole, what is it called? The infrastructure, EV bill, blah, blah, blah, blah, blah. You know, again, look, if it starts taking out today's highs tomorrow, can this thing stretch out? Yeah, possibly, right? Possibly, keep an eye, definitely keep an eye on that. QS never confirmed. Sava had a nice little pop. Again, nothing huge, but had a nice little pop. 106.50, 107 needs to build. Here it was Sava, right? Here it was Sava, took out the 106.50, 107, traded to about 110. I still like it, right? We talked about it last night in the video. It still looks like it gave up to 112 before the next supply. Again, nothing crazy, but it's a thin, thin stock. Snap was really good today. We talked about Snap briefly last night on the video. I think we did. 79.20, 79.50 needs to build. Here it was Snap, right? Snapchat had a good distribution after earnings, took out the 79.20, 79.50 and went to almost 81, right? Went to almost 81 before the move back down with pretty much everything else. Again, this is what the sporadic market is. Dell never reclaimed it hit 99 and just, again, it needs to close over that 99. Amant never got there. VXRT traded their pre-market. Didn't do anything in the open market. Zoom never gave a second entry. Letter U came out with earnings after the close. I still like this level, but it got nowhere near it. Let's keep an eye on that. Again, nice move on that. Apple was so strong this morning, right? It was when everything was selling off, it was sitting there 47.5, 47.60 and I said, look, 148, got rejected three times if it builds a blah, blah, blah, blah, yeah, yeah, whatever it sold off. Again, there's no fear in this tape, but there's no aggression in this tape. It is what it is. So here is, I literally went into Tesla three times today. Literally three times today. For experienced traders, only 703 if it builds below it can flush, right? Just to give you an idea of how tight the market is. So I short the stock, it goes down like about a dollar, they hold it, it snaps back, right? Keep this in mind, okay? Made a cup of coffee, right? Made a cup of coffee. Then look, held the bottom channel, 715, three times pre-market needs to build, blah, blah, blah, blah, blah, blah. So I buy it off 715, goes like, it goes a little under 717, I take a little bit of cash flow, blah, blah, blah, blah, blah, blah, break even on the balance. So you could see how tight everything is and that's the whole point, folks. It's tight. When things expand, it's gonna be great. But for now, take cash flow, right? Take cash flow, wait where you got it. Use break even as you stop. You don't need to quote unquote kill it, right? Just be an adult, treat your money like your children. You wouldn't do anything to your children that's gonna jeopardize their long-term health. Again, this is what I continue to write, to echo. Market continues to be sloppy. There's no fear from the bears. There's no follow-through from the bulls. Until this narrative changes, go into a scalp mold, tear down your size. Again, everybody's looking at exactly the same tape and that's it, right? So again, going into tomorrow, I'm open-minded. I'm watching the shorts, I'm watching the longs. We'll see how long this distribution cycle lasts. Usually it lasts about a week, I think we're like in day three, okay? When it's shocking for the rest of the week, it would not shock me, but I think we have to be open-minded, trade both sides of the market. Guys, keep a chin up. There's rosier days ahead, there's better days ahead. Your job is to make sure that you see those days. Guys, have a great night and I'll see you tomorrow.