 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, giving everybody welcome to another edition of the Access to Trader dot com nightly wrap up show. Hope everybody had a good day of trading. Let's talk about the market. So last night's video, we talked about two things. Number one, futures after a really, really big run for especially in the last couple of days. Market had a break, right? But unlike most markets that have breaks, we did something very unusually yesterday. Not only did we take out the previous days low and held the rising five support, we took out the previous days high. So the question going into today is, can we bust through this level here that we talked about last night in the video that 284, 285 level. And the way we close, you saw a lot of names took out the previous days highs, like for example, no video. No video was a big one. We talked about that last night on the video. But more important was we kind of knew we discussed this level here for potential possible rejection at morning strategy because again, it's you can't trade blindly. It's so hard to kind of trade blindly and not know levels where areas of supply comes in. This is especially after three days of really, really good action. Market got stuffed pretty aggressively today and we saw the initial burst of really good buying today, especially names like NVIDIA Snow that we discussed last night, NVIDIA Snow, Coinbase. And then once they hit, once the queues hit this number, everything started coming in very, very quickly. The most impressive part at least for today was that many of the stocks did not take out the previous days low in today's session. If you look at the final tally, nothing bad, right? Nothing horrible. I saw the Dow down 350, the Nasdaq down like 40 points or so, but more important is what happens next. And unfortunately, what happens next is the event, right? We always talk about an event. The one thing we can't control our Fed days, earnings days, anything that we do not have complete control of the minute to minute hour by hour action. And tomorrow you've got the jobs number coming out. Again, you could be, you know, you could be however smart you think you are in the world. You don't know what's going to happen. Okay, nobody knows. Okay, you can make a guess. You can make a bet. You can you can have water cooler talk with your friends. Nobody knows what that job number is going to bring. If you have the numbers, you know, in front of you, you still wouldn't know how the market is going to react. And that's the bottom line. So let's stop playing economists and stop playing and start playing adults. And that's exactly what we are as trying to reiterate as being professional traders. We're trying to take the information that we know is coming up that's out of our control and making the best of it. And that's exactly kind of where we are here. Going into tomorrow, right? Ironically, if you look at the tape, there's nothing really that bad that stands out. Yes, there's a lot of names that are sitting on the bottom of their channels. We talked about BJ last night, right? We talked about BJ on the video last night broke down. I think this thing sees 70 in its near future, if not 67 going into next week, assuming the market is lower. But again, if you look at a lot of names, you're not going to see these eye popping names in the bottom of the range just because we have this big rally. But there are some, right? A name like, for example, like Generac, again, after the whole hurricane, Ian Iron, unfortunately events, it got sold, right? It keeps on getting sold into the hurricane. And now it's like one day away from the bottom of the range here. A name like, for example, like Docu, right? I'll definitely be watching tomorrow. Look at the bottom of the range here. It's held this whole range here several times here. So if it finally cracks tomorrow, if there's a bad jobs number, well, hey, again, we know what we need to be prepared. Even a name like Tesla, there just cannot rally. Just absolutely cannot rally. But look how tight this channel is. I know it's going to look like dental floss to a lot of you guys. But look how tight this 60 minute channel is. Something has to, you know, something has to give here. You see, they're going to take out the top of the channel here and have a really good relief rally or it's going to take down the bottom of the range here. The lows from Monday or Tuesday and it's going to start its next leg down. We saw earlier bets this week for the 230 puts. We also saw bets for Friday for the 250 calls. So, you know, something has to give here that the greatest thing about technical analysis is you don't have to guess, right? It's either going to confirm the bottom of the channel here and we're going to be prepared or it's going to confirm the top of the channel here. You can see here and we're going to be prepared for that move possible as well. So it all comes down to the jobs number. OK, I think, you know, you have to make a watch list. You have to make an actionable list that you want to be prepared for. But again, we don't know, number one, what the data is going to come out. And number two, we don't know how the market is going to react. So based on tomorrow's data, right, we're probably going to get a better clue of what the market is going to do. What we do know is two things tonight. AMD came out with and cut guidance, right? They cut guidance tonight pretty much to expect from a lot of the semiconductor names. They use the same language over and over again, supply chain issues, blah, blah, blah, blah, blah, blah. So it's getting hit a little bit after the close. And a lot of the semiconductor names, they're getting hit as well. So that's not a problem. The most important part that we need to watch out for tomorrow is not necessarily AMD. Again, I'll watch AMD at the bottom of the channel here. But the QQQs, remember the lows they set a couple of days? Well, actually yesterday before the market rally. So the number to watch tomorrow in case there is a bad, bad number is this 27540 level. If the QQs start building below this 27540, then yeah, we're going to start going lower. We're going to start breaking and confirming below the five to 10 day moving average. It should get pretty exaggerated. If the market is good and the numbers are good and the bulls kind of hold on to the gains that we've had in the last couple of days, then today's high is that 284, 284.5 area is going to need to start building over that level. Price action is going to have to build over that level to see the continuation of what we saw for the last couple of days. So that's the macro view, right? That's the macro view. Everything else is just noise. Opinions is noise. Twitter is noise. Stock twits is noise. Facebook is noise. Everything. Your friends are noise. Every other trade, it's noise, right? We're either going to bust out above today's channel to the upside or we're going to bust down below yesterday's low to the downside and there's nothing in between. The question is how aggressive is this gap up or down going to be and how much meat are we going to have on their bones? Sometimes, again, when you look at technical analysis, the most important part is understanding and identifying the top of the range and the bottom of the range and then kind of omitting everything else. And this is how your game plan for the next day is going to come into play. So going into tomorrow, again, it's all about the data. We'll see how the day plays out. We definitely have our game plan that's ready to go. As far as today goes, I want to, again, give the bulls the benefit of doubt. Not everything exploded at the open. And again, honestly, we've had, I think the rally today lasted about 20 minutes. It really did. And then the rest of the day, the market kind of went sideways like literally did absolutely nothing. There was definitely some moves in the morning, the first 15, 20 minutes of the day, some aggressive moves. Some stocks did not confirm, but more important is the ones that did very, very well. So let's talk about this 134 on Boeing. I still like it. Never came close to that number. Apple stopped exactly again at the top of the range in this area. Square, I lost like 35, 40 cents on Square. Unfortunately, it got rejected right at the top of the channel. The Q's got rejected at the top of the channel off that 284's level. And unfortunately, Square just didn't have enough push to get it through. Coin, nice little scalp on Coin. 74, 63 needs to build. Here was Coin. It went to like the initial move was like the 75, 70. Ultimately went to like 60, 76, 20s before it went down. So nothing, you know, a cup of coffee there. Nothing crazy there. Eilemen never got there. This was definitely the trade of the day. NVIDIA 3321 needs to build. So NVIDIA gets above 3321, which was yesterday's channel. It gets above, you can see here, this is literally the whole day. It gets above this 3321. It gets above this Bollinger Band at 3427 and just rockets into the 13650s level. Really, really good move on NVIDIA. Obviously, it came in and obviously now it's having the aftershock of AMD's guiding law, right? Microsoft didn't confirm either. I still like it above this level. Snow is just an absolute monster. I just wish it was more liquid, but it really is an absolute monster. 18654 needs to build. Here was snow, right? We talked about snow last night in the video. So it took out this whole range here. 18654 went as high as the 18975. Held up really, really well considering how the market sold all into the close. Tesla, I still like there. BJs, we talked about this last night. 72 potential short swing below the 50 day. Not a big move yet, but again, these are not going to be these massive moves. Because again, they're slower New York Stock Exchange names. Here is a 72. Close at the lows. Again, it looks like 70. It's in its future. There was a sneaky pivot to the downside. Oh yeah, there was a sneaky pivot to the downside on Tesla. There was a real old buyer there. I got out a cup of coffee, nothing flat trade there. This one I didn't take. It was a little bit towards the end of the day. 41 sneaky chair needs to build. It traded to about 240, 280s before the market completely imploded. Nothing big there. So again, look, not every single day you need to have these rockets that are launched, but it's very, very important to be prepared so those rockets could at least be loaded. That's the most important part. Guys, big day tomorrow. We got the jobs number. We'll see exactly what happens. We got some longs we're prepared for. We got some shorts we're prepared for. We just need the number and see how the market participates in that realm. Guys, have a great night. God bless, and I will see you all tomorrow. Take care.