 But the break was here over the 50-day moving average. This is where it started the trade, not up here. So any pull of the market, these are the stocks that are going to get it getting in first. 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 AccessTrade.com night. The wrap-up show, I hope everybody is doing well. So same business as usual, right? You can pretty much take the last three, four, five nights videos, and it's kind of the same thing. We're just melting up here. We're kind of in the home stretch of what they call, quote, unquote, the dog days of summer, right? 100 degrees outside in the Northeast. Everything is all good in the world. The market is melting up. And again, is everything moving up? No, it's not, okay? I think there's obvious pockets of profit-taking, non-lack of participation, right? But most important, the breadth of the market is very, very strong. And every single time they try to kind of pull bits in this tape, you know, you got a whole round of dip buyers coming in because again, there is no selling pressure. There is no materialistic news that's gonna shatter the markets. If you guys remember last week, we had that news, right? We talked about the Taliban taking over pretty much on the weekend, Afghanistan, and that kind of shook the markets. And once, you know, we had a little bit more clarity of what's going on in the position of the White House, this kind of was just like brushed underneath the rug and the market continued higher. Now again, are we getting a little long in the tooth? Right? Yeah, probably, I mean probably. You can see the last couple of days the channels have been tighter on the cues. That means the market is a little bit tired. So is it possible at any day they could just yank the market just because gravity is real? Sure, of course. Again, you can't be naive to think that you're gonna be okay no matter what you're buying. It doesn't make a difference how many days in a row the stock is up. Those are the ones who get pulled first. So again, we wanna avoid those. We started talking about that a couple of days ago. Names like, you know, names like a Zoom or a name, excuse me, not a Zoom, like in the video, even though in the video, we're kind of rebounded again today. But stocks that have really, really big runs, we kind of wanted to avoid and just look at stocks that are coming back from the bottom channels. For example, last night, we talked about Penn, right? We talked about Penn National Gaming, a game, a stock that nobody was watching. Again, the whole point is, you know, you're trying to get involved with names and we covered this last night and we constantly try to remind traders that you wanna get into names that nobody is looking at until it hits scanners 5% higher, right? That's the whole point. And when you look at bottom channels and middle channels, you're probably gonna get the biggest bang for your buck. So we talked about Penn National Gaming last night. We talked about how it got rejected five times into the 50-day moving average. Again, the 50 is an incredibly important area that stocks need to reclaim. And this thing just went absolutely nuts. The same way, how important that 50-day is, the same way that DDD we were watching it last night also for today's session and it stopped for the third day in a row after the 50-day moving average. So the 50-day is super important. So when you're doing your chart work, especially in the last couple of weeks from now, again, September 6th is Labor Day weekend, you're going to find a lot of names that are stretched that are very, very tired. And those names, you kind of wanna avoid, right? There's also, you're gonna see a lot of days, just because if you look at the queues, you're going to see a lot more, I was saying a lot, but you're gonna see many more days than normal that the market, it feels like the market's dead and the market's not doing anything, right? Just because you could see the range of the last two candles in the QQ queues. You could just see that with your own eyes. So you can't really have one of these expectations every single day that you have this rockstar day in your mind that everything is going to expand. Even a name like Tesla, right? And Tesla has been very, very strong, right? Very strong, but look at the last couple of days of ranges, right? Look how tight these two candles are compared to the expansion channels that were a couple, you know, for last week. So this is normal, right? This is absolutely normal. And the easiest way to get into trouble is looking at names that have those big runs. So we definitely want to avoid those. And as much as everybody loves these big names they want to believe in their minds, they're still going to continue to go higher and higher and higher, maybe they will, right? But the point of reason, right? From the rational point of view is understand when you have this big linear move and the market is starting to put these digestion candles in doesn't take many, it doesn't take many reasons for the market to kind of yank and still be good, right? And still be absolutely good because the market has had such a big run. And gravity is real, it could strike it at any single time and the most important thing is you could be ready. How you combat gravity, again, is to avoid the overextended names and focus on your research from the night before on names like, you know, like a name like a pen, right? From yesterday, a name like a DDD even though it didn't trigger, right? But a name like DDD that's just coming out of a channel maybe it reclaims tomorrow and maybe it goes but that's what you want, something tight. So if they do pull the market, right? And you're ready for the pull, the first stocks are gonna come for the stocks with the high flyers. So names like UPST had really, really big moves but the break was here over the 50 day moving average. You know, this is where it started the trade, not up here. So any pull of the market, these are the stocks that are gonna get it first. So avoid the high flyers for now until people come back from vacation and the market stabilizes and you kind of get a true nature of what should happen in the fourth quarter but the key is stick to the tighter channels. And even a name like MRNA that we talked about last night in the video, I know it's a big range trade, right? And there's a big average range but you can see how tight this channel is. So I would rather be wrong on Moderna, right? Coming out of this channel here than buying Moderna somewhere up here and having a, you know, having a 70 point yank just literally out of nowhere. So these are the names we're definitely watching, tight channels, condensing channels, either reclaiming the five, the 10, the 50 day moving average, something that if there is a back test and aggressive rug pull, these won't be the first stocks that are going to be in the line of five. And that's kind of the most important thing. So today wasn't one of those gung-ho days where there's some value to sure, right? We talked about last night, RBLX that had a really, really strong move. Again, anything strong guys. This is one of my kind of pet piece. Anything strong the day before, if they open up lower into the rising 60 minutes support, it's the highest probability you're gonna get a bounce, right? And, you know, we talked about it. We got the week open this morning. They trapped it at 88. Matter of fact, this was actually the first thing that we talked about, right? So this was the pivot yesterday, 85, 80, 86 needs to build, 87, 50 back row, blah, blah, blah. You know, went to 90, okay? So this morning, that was a no, it's a huge move yesterday for experienced traders. Potential dip buy off this rising 60 minutes support at 88. The love of the day was 87.60s. We've got long at 88. Nice pop. This thing went green, right? It went green. It went to 91. And this is gonna be where the value. Look for also strong names that had a really big move. If they open up lower into rising 60 minutes support, that is where you wanna be. That's the highest probability that eager shorts will get trapped. And there's the highest probability that the range is defended. They're gonna try to squeeze it to at least ret the green at least once. DDOG, I still like, I'm still watching this thing. This is a nice looking pattern. This is just going through distribution right now, right? The longer this thing sits in distribution, the higher probability this thing's gonna wake up. And this thing is just getting tighter and tighter and tighter. All this thing needs to do is just wake up, right? Just wake up, confirm this channel. And you got 44 measured potential. So we're still kind of waiting on that. Netflix obviously never got anywhere close to 558 dash, went to 190, just pretty much volumes right up and all there. This was definitely the big move of the day. Penn, right? 75 huge area needs to build. We talked about this last night. Again, bottom channels coming out. That is where your value is. Had this monster move. 75 went to $80. And again, same notes as with RBLX from yesterday, right? And this morning, tomorrow, if Penn gives you a dip open, right? Into rising 60 minute support. Again, just go to whatever your charting platform is. Go on the 60 minute chart, right? If you see these lines converging on rising support, that's the supply, right? That's the demand zone. That's where eager on educated shorts unfortunately get trapped. And so if we could get a doubt open tomorrow and they trap the shorts into anywhere, right? Into this whole green line or this line here wherever it gaps down to, you can get a really high defined trade back. And if it goes red to green, who's better than you? So again, we're definitely watching Penn again for a day to move tomorrow. Beyond, I liked it going into today. Unfortunately, they got downgraded. It came nowhere close to the 125. DDD, again, got rejected right into the 50 day moving average. This is three times that. Once, twice, three times a lady. Eventually, this thing confirms the 50 day. And this thing's gonna explode. It might not happen tomorrow. It might not happen ever. But the point is, we're at least set an alert off this 50 day moving average. So when it does pop off, you are prepared. ZM, just in case it decides to join the living. Man, this thing is the worst. It just, it never, it just doesn't, doesn't wanna do anything. It just absolutely doesn't do anything. I watch it every day. I look for it. I said, maybe today's the day it wakes up and never wakes up. It's just dead money right now. Delta's not getting it up. American Airlines is not getting up. All the other strains are just not getting this damn thing up. I don't know, dead money for now. Tesla, you know, not bad. 7-Eleven needs to build. So we took that as 7-Eleven. It rallied, right? It rallied 7-15. Guys, if you ever want a lesson of watching order flow or tape reading, as some people call it, watch Tesla, right? Watch Tesla. So Tesla goes from 7-Eleven, 7-15. That was also the previous day's high. There was, what I'm telling you, it felt like the guy was selling the float there. It really did. And how do you know there's a reload seller in the crowd when they're buying hundreds of thousands of shares in that area and the guy does not wanna move? And eventually, you know, sellers just, you know, buyers just give up, right? The buyers give up, but the Tesla's credit, it has been putting in higher lows now for the last three, four days. So it's, I think if they could clean this dude up, and again, nobody knows how much stock this guy is for sale. To my guess, I would think he sold a million shares thing, right? And that's 7-15's area. They just would not let go of the stock. I don't know what it is. If it's a fund selling it, if it's a liquidation, or it's just a natural short, I don't know. We can't speculate, but the one thing that we do know is there is no game plan for a motivated reload seller. The guy could have 50,000, the guy could have 5 million for sale. We don't know. So hopefully they clean them up in the next couple of days because we did see massive call buying coming in. Short-term, we saw 720, 730, 740s, get this guy out of the way, right? As the ludicrous song says, move, get out the way. So let's see what happens here in the next couple of days. Splunk, nice move ahead of earnings, 153.75, 154 for experience traders. Again, it's not the thickest stock in the world that reports after hours. Here is Splunk. So right here is SPLK, SPLK, right? So it took out this 53.75, 54, went to 57. Really, really nice move. Really, really nice move into the close and it looks like the earnings were pretty good as well. So good job there for you guys caught Splunk. AMD, I still like, didn't come close to the 110, but I still like that 110 level. Tesla, again, it's just a massive seller, right? I said that first move at 7.11, take on the way up. There's a massive seller there at 7.15. They just could not get rid of this guy. Talk about how specific technical analysis is, right? mRNA 414 supply needs to build. Look at today's highs on mRNA, right? 414 needs to build. Today's high was 1380. So again, technical analysis is not a subjective form of conversation. It's pretty damn real. So this whole channel here, I'm still watching for the next couple of days. Penn, again, take on the way up. Big, big move in Penn Gaming. Splunk, take on the way up, 156 on deck. Again, went to 157. Again, perfect balance. Absolute perfect balance on RBLX. We caught this off the 88 level. Really nice balance, went green. I wasn't in it already until by the time it got green, but nevertheless, really nice move. Went to actually a dollar above yesterday's highs. A really nice move there. Coin, not a big move at all. 261 needs to build, only spiked up about a buck. And again, you know, Penn just went absolutely nuts. 7.8 is his first supply and they went all the way to 80. So look, I think tomorrow there's definitely good value, but just keep in mind in the back of your head, again, we have been going linear. The NASDAQ 100 channel has been shrinking for the last couple of days. That's not a good sign, right? That's usually a sign that the market is tired. Now again, does it mean you can't buy stocks tomorrow? No, of course not. There's plenty of strength. And if you do your homework tonight, you'll see plenty of good value for tomorrow's session, but please stay away from anything overextended because again, if they pull, and again, gravity is real, it might not come tomorrow, but gravity is real, the last thing you wanna do is be in a name that has been bought up for four or five days in a row, sitting there with no safety in there. Guys, God bless, stay safe, and with God's will, I'll see you tomorrow soon.