 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. Give me your buddy. Welcome to another edition of the AccessTrader.com nightly wrap up show. Hope everybody is doing well. A lot of things to talk about, especially earnings. Again, if you are brand new to the channel, guys, thank you very much for spending a couple of minutes of your day to support the channel. Like, share, subscribe, all that good stuff that social media tells you to do. I'm asking you as well. So anyway, let's talk about the market. So if you've been watching the tape for the last three, four, five, two and a half weeks, but who's counting? We talked about it yesterday, a series of two and a half weeks of lower highs on the QQQs. They broke down below the 50 day moving average and yesterday successfully tested the soft landing we've been talking about at 351. The question was, well, can the bulls sustain something more than just a dead cat bounce and break this impressive cycle of lower highs, lower lows? Well, kind of sort of, that's what happened today. If you look at the scoreboard today, the bulls actually did nice, right? Did nice. The Dow rebounded 200 points, basically erasing the losses that they had yesterday. The S&P gained 30 points and the NASDAQ that was up 30 points yesterday was up an extra 121 points today, or a little bit less than 1%. Now, the question is, did they reclaim the previous day's chattel? No, that's the point. Not yet. Okay, not yet. And there's a big question going into tomorrow's session, and we'll answer that in a second, but you can clearly tell here, and this is kind of the whole point of why technical analysis matters, why understanding rear supply zones matter. So here are the QQs, right? Here are the QQs. Last week, they lost at 59 level, and the next day, the previous high was the 60 area. Everybody see it, guys? On 1020, the high here was 360.04. Today's high was 359.91, right? So the QQs got rejected now, back-to-back days, well, not back-to-back, the last two out of three days that are trying to reclaim back not only the five-day moving average, but it's trying to reclaim back the 100-day moving average as well, right? So this is a very, very important level. So if the bulls now want to rally, make this a little bit more of an extended dead-cat balance, again, until we get back above the 50-day moving average, this is all deemed a dead-cat balance because there's no guarantee we're going to get back and reclaim the 50-day moving average. Having said that, this 360 area is going to be super-duper important, right? It's gotten rejected here on October the 20th, got rejected here at the same price today. So 360 for the bulls is super-duper important. Here's where the curveball comes in, right? A lot of people believe that the fact that the market did hold the bottom of the range yesterday and started rebounding, and today had a pretty impressive nearly 1% rally. The question was, well, can Google and Microsoft put them over the top, reclaim that 100-day slash five-day moving average and get the bulls at least running again to the next supply zone? Well, we got our answer. After the close, Microsoft came out with earnings, and they were great. They were absolutely great. Good positive reaction. Microsoft profit up 27% from Azure. I have no idea what Azure is, but okay. Azure growth accelerates. Okay, cool. Is that their search engine? I have no idea what that is. Is that their AI tool? Maybe it is. Maybe it's not. I have no idea. I have no idea whether I care. But Microsoft is surging after the close really, really well. Okay, that's very, very bullish. So now the question was, well, AI, Microsoft, well, the next one up to bat is Google. Certainly, if Microsoft had a good quarter on AI, well, maybe Google's have a good quarter as well. They came out earnings, 11% increase growth returns to double digits, and Google is about to explode with Microsoft. Not so much. So Google is down after the close. And again, this is my whole point. Nobody knows anything. Guys, everybody's guessing into earnings. Nobody has a clue. If you had this report in your hands and the report said Google's alphabets earnings are increased by 11%, right? Growth now returned to double digits. You'd be long this thing overnight. Again, I've been saying this for years. Nobody has any clue as any idea how a stock is going to react after earnings. You could have the report right in your hands and you could still mess it up. Yada, yada, yada, Google is down. Not only is Google down, but Google broke the 50 day moving average on its earnings. And now it's sitting right around here, this 131, 60s level, which is the linear regression line, which is going to be a very, very important level going into today's session, tomorrow's session. Now, the question was, right, the question was, well, what happens next? So Texas Instruments comes out with earnings. If you guys remember Texas Instruments from the 80s and 90s, they used to make calculators for God's sake, right? Anybody had a Texas Instrument calculator? I did, right? So Texas Instruments comes out with earnings, not good, down seven books after the close. Snapchat comes out with earnings. Who the hell is still on Snapchat? My son will ask me, what's my snap score? What the hell's a snap score? It's kind of doing nothing. But again, it's actually doing better than it did in the last three, four quarters because every single quarter is blown up on earnings, at least now it's doing absolutely nothing. So we have Microsoft doing really, really well. We've got Google, Snapchat, not the Snapchat even matters, and Texas Instruments, that's moving down. And the question is going into tomorrow, what happens first, right? Does Microsoft pull everything up and the QQQs start reclaiming back the five and the 100-day moving average, or does Google bring everything back down? That's a question that we will definitely get an answer to tomorrow. But if you look after the close, and again, when I first saw the earnings reports, I said, well, Microsoft is a predominant more weight on the Nasdaq 100, well, things should be moving up. Yeah, I thought so, right? Not so fast. If you look after the close, things are down a little bit. Not a lot, but things are down. The only one that is getting hit a little bit after the close is Meta. It's down about four or five bucks. That is a reaction form for Google. Again, the point to click, the ad space, all that good stuff, it's being affected. But if you look at everything else, it's pretty much flat to down a little bit. So we're going to get our answer tomorrow at some point. We're going to get our answer probably mid-morning of what's going to happen first. But the key is, and this is what we talk about every single day, we want to be prepared on both sides, right? This is a broken record, but it's something that we've been talking about, discussing, and nauseating, right? For many, many years I've been hosting this platform that if you're going to be wrong in your research, at least have the common sense, don't fight the tape, right? Don't start pushing a piano with your pinky, right? Wait for something good, wait for something clear, and wait for something to confirm. That's the name of the game, and that's the approach I try to take every single day. If you look at the action today, again, very, very organic action, that's continued the theme. When you have a market that's doing what it's supposed to do off of key levels, that's great for every trader. I don't care what your process is, what your approach is, your time horizon, when you have levels that are being respected, when you have levels that are being held and built and all that stuff in between, that is a good sign of a good solid market. So going into tomorrow, again, we know our upside value on the Qs 360. We know the downside value of our Qs is going to be today's channel of 355.79. Something has to give, right? Something absolutely has to give, and obviously we'll wait for it. If you look at today's pivots, again, kind of what we talked about yesterday, can these stocks possibly go on a dead cat bounce for a second day? Tesla, NVIDIA, we got our answers to that, right? We got our answers. Unfortunately, I left when the video finally exploded, but at least we got the answers and the bulls actually did a pretty good job of getting our second day move in. And now we're going to see, because again, we have the price levels for tomorrow, we're going to see if the market can actually pull a third day out of its rabbit hat and push into the 62, 63 level, which is going to correlate perfectly to the 20-day supply and the 10-day supply as well. So let's talk about some pivots, right? Let's talk about some pivots. We actually had multiple things on Tesla today. We got one Tesla today. We sold it into supply. We shorted it into supply. At one point, Tesla was about to go red. It came very, very close. But nice move. Nice little pop on Tesla today. 217 was yesterday's channel. 219 was the channel. From two days ago, they need to confirm for a potential move. Tesla took out both channels right and traded right to the five-day moving average, which was a little bit higher of 221. Not only did we make sales there, we got short there, and it was a really, really nice pullback. Look at the move here. You can see on the five-minute view. Look at the run-up here into the five-minute supply, and look at the move right back that it got rejected. So great job everybody for training Tesla, especially both ways. On the video, unfortunately, I have to say it went when I left. 433 needs to build, and the video went, right? And the video went, unfortunately, it went into the close after I was already gone. It took out 433 and traded all the way up to 437. Still looks pretty good for tomorrow if they could hold up. Again, that's a key metric. If it can hold up is, again, DebtCat bounces sometimes there one day, two days, three days. Maybe they go for a couple of weeks, but the key is until the market reclaims the 50-day moving average, everything has to be deemed a DebtCat bounce. I don't care what you call it, potato, potato, tomato, tomato. It doesn't make a difference, whatever makes you feel better, whatever makes you float your boat, take it day by day, trade by trade. But again, facts are facts, and I've been doing this for a little bit longer than a lot of people to kind of have a open discussion of what it is. This is what it is. So nice move on the video. If you guys caught it towards the end of the day, good job there. I unfortunately was in the gym. Netflix finally woke up this morning. We talked about this for the last three days consolidation. 411 needs to build. There goes Netflix, right? I thought Netflix was going to have a bigger move. I'm not going to lie. But Netflix went from 411 all the way up to almost 417. It needs to reclaim back 417 for the next channel to really get going higher, but nice little pop there as well. Meta never got to this 38380 level. It got rejected twice there in the pre-market and never got back up there. Apple 174 rejected on the daily needs to build. It never got up there. AMD 9930, if it builds below can flush, never got down there. So you can tell it's predominantly Tesla and NVIDIA today and then came the after hours. Here came the after hours earnings. I always like to put in after hours potential pivots on earnings. Microsoft 333 to the upside. The stock is 345 right now. Google 141.22 to the upside. 134 to the downside. And Google congratulations for you guys who did catch it. Google is pressing that 130 level. So tomorrow, right? Tomorrow is put up or shut up for the bulls. We know our levels to the upside. We know we've gotten rejected there two out of three days. Now the question is going into tomorrow's session, can Microsoft pull everything up? Or can Google pull everything down? Tomorrow, right? Tomorrow we have more earnings obviously. Let's see what's on the docket for tomorrow. Tomorrow's earnings. We got meta, right? We got meta tomorrow after the close. We got Boeing pre-market tomorrow. Let me see if there's anything else that's major. IBM also. IBM also. I believe that is a team mobile. Nothing really crazy. Thursday is Amazon. Thursday is Amazon, Merck, Intel, Amazon, right? Amazon MasterCard as well. But Amazon's gonna be the big ones. And then next week, you have pretty much everything else. Apple, this one, that one. So let's get through tomorrow first before we start working on next week. So that's it guys. That's it. We know our levels. We know how important tomorrow's session is for both bull and bear. Because again, if the bulls can't reclaim back that 60, excuse me, that fifth five day slash 100 day supply, we are gonna roll over. So if you're a permable, let's hope and pray for all your sakes that we get a new channel above that 360 levels so we could extend this rally. That's it guys. God bless everybody. Have a great, great weekend. Freudian slip. It's only Tuesday. Have a great week. Have a great remainder of your day. And with God's help, I will see you all tomorrow. Check.