 I'd be a very humble student of the market. I'm doing this 23 plus years. I still have a very healthy fear of the market, right? I trade without a doubt, but I have a very healthy fear. That's how I completely stay grounded. And I look at things from... 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 Access a Trader.com nightly wrap up show. Hope everybody is doing well. The market continues well to be the market. And the most important part is you wanna put it into perspective what's happening, what's not happening, okay? So here are the cues. If you guys remember this whole thing innocently, right? Started when we reclaimed that 296.75 area. Again, if you've been watching this broadcast, you kind of know that number. It's like tattooed in the back of your head, right? So all this is a byproduct of a major area, technical area of supply that got reclaimed after a seven month decline. And now we are getting that aggressive, aggressive move of what happens after the 50 day moving average gets confirmed. So this is the complete opposite of what we saw when the 50 day moving average was lost around January, February, March, April, April the 7th that started a really, really massive decline. That's it, that's all it is. So before you start patting yourself on the shoulder and sticking out your chest and saying how great you are, remember this is just a byproduct of technical analysis confirming, right? The same way you confirmed on the way upwards doing now the same way you confirmed on the way down and set a trend, right? That's all it's doing. And I think this is a type of market, especially for new traders, they forgot that only two weeks ago, they were sitting on their hands screaming cash as a position because they weren't trading on the downside. So keep that in mind. Don't stick out your chest. You're not doing anything special. This is a byproduct of what happens when technical analysis does confirm a green light and when it does, it becomes very, very special. Stay humble, right? Stay humble, learn both sides of the market, understand why things are happening, why things are not happening. That's the most important thing is. And also understand your place in it. The market has a very, very odd and weird sense of humor how they can quickly pull the market right underneath you, both long and short. So it's very, very important to kind of keep that energy inside, right? Be a very humble student of the market. I'm doing this 23 plus years. I still have a very healthy fear of the market, right? I trade without a doubt, but I have a very healthy fear. That's how I completely stay grounded. And I look at things from reality, right? I look for everything from reality. I try to do everything from day in, day out. I don't try to look two days ahead, three days ahead. It's all about the next day. It's all about data from the next day. It's like the Fed. Fed came out with a comment this morning saying, we use our information based on collecting data. That's me, right? That's all we do. We try to collect all our information and trade on data, right? Not the rose-colored grasses that a lot of people have on. It's all about the data going to the next day. And so far, again, so far, so good for the last two weeks and change, we've been on a magical ride. Even yesterday, right? Even yesterday, we talked about, just watch potentially. We talked about watch potentially if they start losing the five-day. We came not even close to the five-day, not even close. It really does show you how strong the market continues to be. The biggest stocks are still moving from below, right? From below supply. And again, think about we're only two weeks in. We're not two, three months in. We're only two weeks in. So you guys have a lot of stocks playing catch up, right? Reclaiming the 50-day level, kind of a trailer of what happened in the indexes. So it's a very, very good market, very aggressive market. Again, just to give you an idea how strong the tape is and how strong they continue to embrace even bad earnings, right? You had Google Walmart Shopify, Google Walmart Shopify. You had, what else did it had? Meta, Microsoft, right? They all reported crappy earnings. And guess where they are? A lot higher than they were when they reported crappy earnings. The latest case was AMD last night. Again, not a great quarter, not a good quarter. It doesn't matter, right? Even with the run-up ahead yesterday, it doesn't matter every dip was bought. So the joke, right? The running joke continues to be, hey, if you want your stock to really, really get aggressive and go to the moon, right? Guide lower, right? Guide lower, announce a reduction in the labor force and you too will have your stocks at the all-time highs. Again, I'm not being sarcastic. That's exactly what's happening here. But again, that falls in line with the domino effect of how strong the market is, where the sentiment continues to lie and that's continue what we need to trade. When this market slows down eventually and it has to slow down eventually and again, we keep on preparing for it but again, they keep on going higher so we continue to push. But eventually what gets tired is, look, eventually it's gonna start taking out the previous day's low and that's when you turn around and go, got it, right? Got it. So again, remember, it is no way a market can tank unless it takes out the previous day's low. Obviously it won't tank until it loses back to 50-day moving average but for now, we're continuing to concentrate on names that are coming off the bottom. And again, we'll get to the pivots in a second and you'll see a continuous theme, right? We talked about Shopify, we talked about Google which I effed up royally today but again, it is what it is. Square continues to be a monster Coinbase. We talked about Coinbase last night. All these monster, monster moves back to the upside and that's where it is. We're in a bull market until we start losing lower levels the previous day, two days levels. Again, the market is gonna continue to hum unless some dagger comes into the market and some unforeseen news hits the wire that kind of shakes the market. But again, if you look at the proof is in the pudding, right? Bad news, higher. Labor workforce reduction, higher. Miss up and, you know, right? Up and top and bottom line, higher. Da da da, higher. So yes, this is not a bear market rally. The bulls are not getting trapped. We're above the 50 day moving average. The shorts are continuously to try to convince themselves this is just a short market rally. This is not until we give up the 50 day moving average. This is what it is. This is exactly what you think it is. Trade from both sides of the market. Enjoy the ride right now. But just again, concentrate on one day at a time, one traded time and everything will be okay. That's it. That's basically the technical view of the market. After the close, you got eBay reporting, right? eBay, not bad, right? Not bad, had a nice little quarter. It's coming down a little bit. You had Lucid, which I like. There's a showroom by me on Lucid. I've only seen one Lucid on the road so far. Maybe that's the problem, right? You could say what you want about Tesla. Tesla's everywhere, right? Every one of my neighbors has a damn Tesla. Can't say so much for this, right? Not so much for this, but again, it's a cool looking car. I did see one in the last several months. Maybe we'll see more on the road. But again, Lucid, it's not exactly a Tesla. Rivian is nowhere damn near a Tesla. I'll get to Rivian in a second. NKLA, just to give you an idea of how strong this market is. Nikola, what the hell is a Nikola? Right? What the hell's a Nikola? Again, it shows you how strong the market is. So let's talk about some ideas I like for tomorrow. Again, it's so much. You can really go through, you could really, really go through the NASDAQ 100 and start looking at channels. But again, concentrate on the bottom channels. I like a firm. If a firm starts taking, again, if you guys notice, it's the same thing, right? Stocks is coming out of deep, deep channels. If a firm reclaims the top of the supply tomorrow, it should wake up, look at Team, another NASDAQ 100 name trying to wake up. That looks good. Shopify, huge breakout today. Really, really big breakout. I still probably have a couple more points in it. NET, I really like. Look at NET, again, coming off the bottom of the channel. It's the same chart over and over and over again. Again, you don't want the ones that up there, right? You don't want up there because up there, they pull, right? You want the ones on the bottom again. So if they fail, you're failing for pennies. You're not failing for dollars. That's a very, very big key. So let's talk about, let's talk about the pivots today. You know, really big move. Yesterday, a Shopify broke out about 37 and a half. Today, confirmed 39 needs to build and Shopify went nuts. Again, I still think it goes higher. It's traded all the way up to the 42 area. I think if it confirms 42 tomorrow, you can see a move pushed to 44, 45. Really, really good looking chart on that. This is the one I screwed up. It didn't go when I thought it needed to go, right? I got long, it went up like 30 cents. They slammed it right back and I said, well, wait a minute, that's something weird. There must be a seller in the crowd. So I sold Google pretty much break even and then I watched the stock move up pretty much two points. I wanted to stab myself repeatedly. But again, it's always safe to be sorry. Again, nobody remembers the trades that they didn't give it, they didn't give it a little more room to play out. They just remember the trades, they get the lose money on it. That's the most important part. Again, if you're not comfortable in a trade, just get the hell out. As much as I saw it run up and blah, blah, blah. That is what it is. Rivian, again, nice move on Rivian 35.60 needs to build. Here was Rivian, again, same chart over and over again. Right guys, they're coming off the bottom of the channel here, right? Here's Rivian, took out the 35.50s level. I still like it. I think it's about 37. I can see 38.40 for the stock. So keep an eye on Rivian for more upside. Too low, one nuts, a little bit too thin for me, but a one nuts, so 91.80, 92 needs to build. Here was too low, right? Here's the 91.92 level needs to build. Just destroyed every aspect, closed right at the high today near 98. Big move there, FIVN, when nuts 112.50, 113 needs to build. Here was FIVN, right? So took out that 12.5.13, went right to supply at 17 and change. This little salt of joy didn't work out, lost about seven cents on this thing. Ran up a nickel and then died out, blah, blah, blah. Who cares? Tesla stopped pretty much at supply. I like this 9.30 area. Stopped really 9.30. Eventually Tesla's going to have to wake up. I think there's a vote tomorrow on whether they're splitting the stock or not. I really hope they don't. I don't see a reason for it, but whatever. We'll see there. But I'm definitely watching Tesla for the next couple of days. Coin went out of its mind. 70 needs to build. Here was coin when it completely out of its mind. So it took out 70, took out 79. The damn thing went to 82. They were buying next month's 100 calls. I'm assuming that's in line with earnings. Microsoft was really good. 278 needs to build. Here's a sneaky area of Microsoft. And this is, guys, this is what we talk about sneaky pivots. A lot of you guys have always asked, what's a sneaky, sneaky pivot? Here's a sneaky pivot. Here's the, you see this whole channel right here? Hold on. You see this whole channel right here, right? The top of the here was 278, right? 278 here. Top here is 278. So once it got above that 278, right? Big, big move here. So here is Microsoft, big move here. 278 needs to build when right to about that 84 area. Really nice move on Microsoft. Again, coin going nuts, Google. And this is when I was vomiting on my face, 1855, next supply, which I broke even on the trade. I should kill my, ah, it's not a big deal. Tell me I'm not the first one to punch the air. When you mess up a trade, right? That's what we all do. Yeah, so 280 on deck, went to 283, 284. Coin went nuts, two lows going nuts. MVIS, watch this MVIS. I like this thing for all you guys who trade little stocks. Keep an eye on this MVIS. If this thing confirms tomorrow, right? Look at this chart here. Beautiful, beautiful little chart here on MVIS. For all you small cap lovers, keep an eye on that. And that is it. So there's definitely a bunch of names that I like. That again, I'm not gonna really talk about here, but there's definitely a lot of names I like that are coming out of supply. We got a lot of value, right? That's where this market continues to give you a lot of value. Again, remember, stay humble, right? Stay humble. You can't be screaming, you know, you can't be screaming, we're in a bare market, cash is the position. And then all of a sudden pounding your chest when the market goes the other way. It doesn't work that way, right? You gotta trade both sides of the market. Right now we're just the byproduct of what happens when technicals confirm and everything is going well. Guys, God bless, stay blessed, stay healthy. I will see you all tomorrow. Take care.