 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. Good evening, everybody. Welcome to another edition of theaccesotrader.com. Nightly wrap up show up. Everybody is doing well. I hope everybody had a good trading day. If you are bringing to the channel, please like, subscribe, share, tell a friend. It's all about unbiased technical analysis on both sides of the market. So let's rewind, right? Let's rewind one day. A day ago, we had probably, you know, as much as a horrible pose you can possibly imagine. The Nasdaq 100 or the Qs took out basically about three weeks worth of this base and closed right at the bottom of the range. And like I said last night, you know, prior to Microsoft and Google, if this was any other night, literally any other night and there wasn't any, you know, magnificent earnings being, you know, being distributed after the close, it would have been a 10 star overnight. So basically what it means is there was technical damage, not only done on the QQQs, there was also technical damage done on the SPYs, right? You had a lot of, you know, a lot of names that commingle in both of those ETFs. They really, you know, had a really, you know, a very, very bad day of things. That's the best way I could say it. And yesterday, we saw a 2% loss in the Nasdaq 1.5% in the SPX and 1% on the Dow. And then Microsoft came up, right? Microsoft came up, you know, Microsoft, Google initially, both came out pretty good quarters. They both attributed their quarters to the growth of their cloud business and everything started spiking, right? And the question last night was, well, can we hold this gap? If you guys remember that, we were talking about this 12.5, 13 area initially, can the bulls hold this gap? Or are they going to get stopped into this gap, into the supply zone on the QQQs? And we got our answer very, very quickly, right? So this morning, Microsoft started going absolutely nuts, like really, really aggressively, right from the word go. You know, managed to sneak nearby the 300 area. There was one specific pivot here. We'll get to that in a second. But you saw NVIDIA start to rise, because NVIDIA is, again, this whole love triangle with Microsoft and Google. So it was good for NVIDIA, it was good for Microsoft, it was not good for Google. And you saw quickly how Google's gap got sold very, very quickly. And if you look at the daily chart, this is kind of literally the lowest close in this whole formation. But the question was, can the market sustain the move, at least from the Microsoft point of view? Can they pull up all technology names? Because again, when you look at technical damage, and then you have good news, the question is, can they price-improven reclaim? They did not, right? They did not. And if you look at the majority of NASDAQ names today, ahead of the open, when Microsoft was really striking, you had a lot of weakness. The semiconductors, for the most part, were down. You had Apple, right? You had Apple not participating. This is where the market was absolutely screaming in the morning. We were up 200 points in the NASDAQ. You had Netflix, which I understand. And Netflix, I'm still looking for that bottom channel to go high, to go lower, testing the earnings lows. You had Tesla Red, we'll get to Tesla in a second. But the question was going into today, well, can they do it? Can they do it? Can they do it? Can they do it? No, they could not do it. If you look at the spies, not only do the spies give up the gap, they lost yesterday's range and trained it all the way down to this 40370 area, which is the next support zone, right? Which is the 50-day EMA. Keep an eye on the spies tomorrow, okay? I will talk about that in a second. But keep an eye on the spies. Let's start losing today's lows tomorrow, 40370s. It's going to be a very, very tough turnaround. Well, now maybe Amazon can save us. Maybe Apple can save us. Right now, we are not price-approving on good news. And if you look at the scoreboard so far on technology, you had Netflix disappoint, you had Tesla disappoint, you had Google disappoint, right? You had Google disappoint. You can make a case to look how good Microsoft did. And absolutely, right? One out of three, right? So one out of three is only good if you're playing baseball. One out of three as far as the scoreboard goes and technology is not great. Did Chipotle have a day for itself? Absolutely. But Chipotle is not really a tech darling, as you would as those other names. And the question is, can now meta save us? So if you look at meta after the close, market deems it to be good. So we'll say it's good. I haven't even read any part of this whole meta statement. But the stock is up 10%. Logically, you think everything is spiking with it. You're not so fast, right? You have Microsoft up $1 from the close. You have Nvidia roughly up about $1 from the close. Tesla is actually down from the close. So the question is, can they be the white knight? Can they come in on the horse and save the market this time to be determined? But I feel it's like Groundhog's Day coming in from last night's video. And these are the key levels that we have to watch. If the queues give up, right? If the queues give up and meta cannot take them to the promised land, and they start getting below today's channel and start taking out yesterday's channel, then we will have a really good case that we're going to test back the 50-day moving average. Is that going to happen? We don't know. But like we talked about in every single video, shouldn't we be prepared for both sides of the market? And going into tomorrow, I am prepared for both sides of the market. I was more prepared for the downside channels, one stock in particular. We spoke about Tesla right now, right guys, for three days in a row. For two days, there was a buyer in the crowd. They could not get rid of them, right? We talked about, and I think Kyler already made a YouTube short, when we talked about last night's video on Tesla. But they were coming in, if you guys remember in the beginning of the week, they were coming in for the 155s, the 150s, the 160 puts, short-term expiration weeklies, and next week, right? And that buyer finally got cleaned up today. We talked about the bottom of the range on last night's video. It got below the bottom of the range. And the only thing that saved Tesla today was this linear regression line. If Tesla starts building below this linear regression line tomorrow, keep this in note. I'm always a big believer in the options market. Guys, they were coming today for the 149 weekly puts. This is the last day to buy those puts, right? With size. They weren't coming in with $30,000. They were coming in with $300,000, $500,000. So they continued to hammer short-term expiration on Tesla. And if Tesla starts losing today's channel tomorrow, well, yeah. I mean, there's a lot of room down. You have this whole gap fill all the way down to what, 146 and all? I don't think it's going to get that dramatic by tomorrow. But hey, you never know. And then I look at it, I'm like, well, wait a minute. It's only seven points. So is it possible, now that I'm saying it out loud, is it possible that it fills in this whole gap from the January 25 highs, right? I mean, listen, it's definitely visible, right? It's definitely visible, definitely viable. And they are making bets that are in line with this potential gap of 146. So is it possible that Tesla fills in that gap tomorrow at 146? Right? Fingers crossed. But that's exactly the market that we are looking at as well. The Fiasco, which is FRC, continues to play out. Yesterday it was down 40%. After the close, they came out. They came out and said there was rumors that potentially the government was going to come in and take over. Well, the stock was down another 40% today. Again, there's a lot of moving parts in this market. I could see how bears in this climate are frustrated. I trade both sides of the market. When it's time to go sell side, I'm always sell side. When it's time to go buy side, I'm always buy side. But I could see at least now the frustration from the bears. You see getting all this bad news and it takes a Herculean effort just to get a move down for at least one or two days to get a little relief in this whole buying pressure that we've had since the bottom of January 2023. Going into tomorrow, look, it is definitely a couple of names that I'm watching to the upside. I'm not really feeling the upside. Let's be honest with you here. I'm prepared for the upside. Look, in the video, if it wakes up tomorrow and reclaims the five-day moving average where it got rejected today, okay, I'll entertain it, right? I'll definitely entertain it. That looks pretty good. O&O& has been a very, very strong stock. We've been talking about this nonstop. If they start the rally, he starts building about the Bollinger Band, can this thing wake up? Yeah, it can. But when you look at Apple and can't rally, right? Can't rally. When you look at Google that gave up its earnings day, and the only reason why it stopped is this linear regression line, the same way that Tesla stopped in this linear regression line, right? When you look at Tesla, which is like we talked about, is an inch away from filling in this gap from January the 25th. How can you really, really get excited? Now, going into tomorrow, you do have an important, right? You do have an absolutely important session for tomorrow, right? You got Amazon. Amazon was the big one. The notable coal buyers today, I did see weekly 110 and 115 calls, and we also did see earlier in the week 90 puts. So, again, just to kind of balance out where, you know, kind of picturing where the money is being allocated into their earnings, but we did see a good amount of 110 and 115 calls in the middle of the day. You got Snapchat, which should be benefiting. I haven't looked at Snapchat this evening yet, but I'm sure it's benefiting from the year. No, it's not. I thought it would be. I thought it would be benefiting more from the meta earnings. It's not, but they report tomorrow. You got Intel, again, used to be an incredible, incredible market leader back in 2000, you know, 99, 2000, along with Oracle, Cisco, and Microsoft. Again, not so much anymore, and semiconductors continue to bleed. You got AAL coming out with earnings tomorrow. We had some coal buying coming in. Activision, Pinterest, Overstock, Caterpillar in the morning, NET, MasterCard, first all reported today. So, again, you know, let's see, right? Can Metasave us? We'll see. Can Amazon save us? I mean, how many light preservers do we have left? So, again, take it day by day, but I am definitely watching for a lot more value to the downside than it is to the upside. But if the market turns and the video starts confirming, because we did see some 280 weeklies on the video, we did see some 300s for Junes. I'm assuming that's going to be bet ahead of their earnings in the next couple of weeks. But just for me, I see a lot more value in some names to the downside than I do to the upside. But, again, I'm very, very flexible. I'll trade on a drop of a dime, depending on how technically the market kind of plays itself out. So, again, here are the pivots today. You know, this is the big one, right? This is the big one. We talked about this last night. $150,000, $850,000, $158,000, if it builds, bloke and flush, it closes the lows. That's all we need to know. It closes at the lows, gorgeous trade, closes at the lows. And again, guys, this thing starts taking out this $153,000 tomorrow. We can be looking at the top of the range here at $146,000 for a potential gap fill. Google stopped right at that $103,000, $103,000, trading down to $102,000, $80,000 before kind of rebounded, but lowest close in this whole formation. Microsoft, there was two pivots. There was actually one pivot in the confirmation. I'll show you back up here. It confirmed 99.10 after the 97.30 pivot crowd never got up there, or Netflix never got up there. Meta, obviously never got down there. Spies, right? Spies, they flushed down. $406,000 held twice. If it builds below, it can flush. The initial move on the spies below that $406,000 went down to $405,000, then rebounded a little bit, and then we closed right at the lows here in the $404,000 level. So again, not a great sign for the bulls. Yeah, so here's the opening range. This is kind of, I made this little edit. Initially, I put 299.10 needs to confirm for a potential 306 move if everything works out. There was a sneaky, well, I wasn't really sneaky. It was the opening range high of 297.30 that took Microsoft to the 299.50s. Again, that 300 number in the future is going to be a pretty big number. And NVIDIA this morning, well, yeah, this morning, 272.50 needs to build. Went up about a buck, but it still got stuck on the top of the range here, which I'm watching for tomorrow in case Meta does pull everything up. But obviously the main focus continues to be, the main focus continues to be Tesla. If there's more weakness, I think there again, this could be a pretty good scenario if they confirm more downside to come. And again, those buyers in the 49, 50 weekly puts with size as the show, as the show billions set, billions, right? A wild bill, right? A dollar bill. You know, are they uncertain? We shall see some of the blind men. We shall see. Guys, have a great night, everybody. God bless. And I will see you all tomorrow. Take care.