 Hey, guys, good evening, everybody. Welcome to another edition of AxisandTrader.com. Nightly Wrap-Up Show, hope everybody is doing well. So rotation, right? Rotation, we saw the rotation yesterday. Airlines, hotels, anything to do with leisure, that was great. Again, what they did provide is the same reason why I don't trade them every single day. They're one hit wonders. They're always one hit wonders. But again, the greatest part about yesterday was there was actually money flow that was chasing these prices. And if you look at them, what happened day two, absolutely nothing, right? Dallas up a little bit. Boeing gave back absolutely everything, pretty much everything. Looks like complete crap. CCL, again, they had a shot to go to the second day, and they never did it. Again, these are one hit wonders. This is why you trade these things for very special situations. And if they can't get going, they get lost back in the shuffle. And nobody cares about them for another six months. What I like about today, sticking with the theme of rotation, well, the money had to go somewhere. Most of beta did rest. We did have continued strength in Alibaba, continued strength on Facebook. And at least we now know why those mysterious out of the money call buyers were coming for the last couple of weeks. If you guys remember, I've been talking about really weird option flow on Facebook. Today they announced they're putting some sort of eBay slash checkout on Instagram, basically another way to kind of monetize, to make transactions. And the stock really exploded, right? Like really, really did well. And it closed at 52 week highs. And now it looks incredibly well. And again, you're seeing really deep, continue to see really deep out of the money calls on this name. Alibaba, again, just a really great move. It broke out a couple of days ago. And what not is yesterday, what not's today. We'll show you the bottom of the channel where it stopped perfectly. So that was cool as well. But again, what I like about today, and again, I keep on saying that, but what I like about today was the money from yesterday's leisure and transport, transport and airlines and all that stuff, how to go somewhere. And they went into the EV space, right? And normally you would turn around and say, well, Tesla must have exploded, right? For these things to, well, not so fast. What Tesla did do structurally today was, again, they tested the rising five-day. Again, the five-day moving average is the purest form of short-term sentiment. They held and they bounced. So again, setting up for a really, really interesting channel for tomorrow, which I will definitely watch. But again, sticking to the theme of rotation and speculation money, it went into names that again are quiet for like three, four months and then they wake up. Look at NIO, went absolutely nuts today. We saw really aggressive call buyers today all morning, okay? We saw the 15s, the 16s, the 17s, the 18s, the 19s, the 20s. So very, very aggressive move. But again, it didn't even stop there with NIO. Again, a lot of the other electric vehicle names started popping up. So it was a very good barometer that the mantra of this market is even if the leaders rest, okay, they will wake up other things because again, a resting giant eventually will wake up. We're gonna segue that in a second. WKHS again, another perfect example of one of these electrical car vehicle. And again, big call buying this morning. You saw the 17s, the 18s, the $19 calls. And again, it was a great, it was a beautiful pivot day. Absolutely beautiful pivot day. It closed at the high of the day. Again, we'll get into individual pivots in a second. But the most important part, right? And today was a pretty solid day. But the most important part, what I like for going into tomorrow, right? Remember the sleeping giants, right? We just talked about a couple of minutes ago. They bought time, right? They bought a couple of days. They relaxed, okay? They yawned a little bit. They stretched their legs. And now it's time for them to stretch their legs. And if you start looking at 60 minute channels for this evening and kind of correlate them into daily, you'll notice a couple of things. Again, right? Biggest sleeping giant in the mall. Or at least the craziest sleeping giant in the mall. Again, like I mentioned, held the five day moving average. And it's so close, right? If they can just take out this area here, tomorrow it could wake up very, very aggressively. Amazon, again, really big moves, right? Really big candle yesterday. Aggressive candle today. Not as aggressive as yesterday. Again, we'll talk about the pivots in a second. But you can see here, right? You can see here. You can see the daily chart. What's about to happen or potentially could happen? Again, this is a good thing. If you trade beta, this is a wonderful thing. If you look at Microsoft, again, late day call buying. Look how Microsoft is setting up to this whole channel here. So you kind of get the point. Zoom, right? Zoom had a couple of days off. It woke up. It stretched its legs, stretched his arms. Again, that's the theme. It potentially could stretch tomorrow. And if you look at the 60 minute channel, all it needs to do is get out of this area. So what happened in the last three days were very, very productive. A lot of names that had big, big runs, they rested, okay? Money flow went into other names that had their day in the sun, whether they're the airlines, whether today, for example, the electric vehicles. But now we're getting back, we're potentially about to get back into the meat and potatoes of what I do. And obviously that is beta, okay? And if a lot of these names, if they do wake up, even the video, right? Even the video that had a monster run rested for a couple of days. Look at this channel. Look how tight this channel is. Again, tomorrow you definitely need to buy Alibaba, continue to buy Facebook on any rising 60-minute dips. But these are the other companies that are, again, gonna start waking up. And if they do wake up, we will be looking for a really good potential premium day. Now again, like I say this in front of any potential premium day, as much as I think this is gonna happen, as much as I'd like this thing to happen, as much as I want this thing to happen, again, the key is we let it happen. We wait for confirmation. We don't wake up tomorrow morning and start buying things pre-market on the anticipation that these stocks are gonna confirm their channels. That's suicide. Doesn't make any sense. Again, do not anticipate. Don't overthink. Let it confirm, right? Let it put it a new high, retrace, second entry, all that good thing, measure potential, let the trade come to you. Again, have an opinion? Yes. Have a bias? Let everything play out. Don't be that trader who anticipates a move and gets absolutely destroyed, especially in the options market. Let everything play out. There's specific levels for every single company that needs to build and reclaim. And once they do, again, if you believe in the theory of stocks trade from supply to supply, demand to demand, well again, potentially tomorrow we will be looking at a big premium day. Fingers crossed. That's it. Fingers crossed. And the moral of the story is let's wait, patiently wait, like statues in the park until a bird comes and craps all over our face, right? That's what statues do. So pretty solid day. I was actually very pleasantly surprised about today's action. I even traded one of these EV players, this workhorse, which was pretty good trade. But tomorrow is definitely going to be unnecessary for the market if it wants to continue the speculation trade. And if you look at today's pivots, again, I started putting in a lot of pivots today into the channel. And my morning notes were you have to be a little bit more patient this morning as many beta names are either in middle ranges and are tired. Now again, for all you guys at home, when a stock is tired, it doesn't mean it's a short, okay? When a stock is tired, it's just tired, okay? It's just like, it's like you, it's like you going to the gym, you pumped your iron, you did your cardio, you're tired, you're not dead, right? You're tired. So a lot of these names, you know, will give sellers or potential sellers or potential short sellers a very, very bad indication that they're about to roll over aggressively only to come into the rising 60 minute channels, trap uneducated late shorts and get absolutely run over. That happens every day. And you can see it, that happens today with Tesla, that happened today with Apple, that happened today with shop, that happened today with Microsoft, that happened today even with Alibaba. And again, we'll talk about where shorts got trapped this morning. So again, understand the difference between a stock that is tired and is drifting lower or a stock that needs to be sold or shorted. Selling or short selling takes place underneath demand. It doesn't take place above demand, it's underneath demand. And right now, with this type of environment, you wanna buy stocks into rising demand. You don't wanna short them there. Because again, if the market continues and this bull theme expands and filters through 2021, again, the last thing you wanna do is start pounding bids on rising support. And again, if you look at today's day, and again, I put in a bunch of pivots that none of them triggered, literally none of them triggered. CCL didn't trigger. Angie didn't come close to triggering. SFIX stopped right at 26, didn't trigger. Boeing, I said, well, surely sell. This thing's gonna have a day to run, never came close. Twitter is sure so, gonna have a day to run, never came close. FMCI never came close. Now here's again, here's my whole point in this type of environment of buying strong names on rising 60-minute support. So if you look at my message here, this is pre-market, Baba's 60-minute support is 275.50, 276, experienced trader, it's a bounce play. And again, here's my point, right? So here's the 60-minute view, right? Here's the 60-minute view on Alibaba, right? Look at the low. You see this whole rising support? That's what I mean by rising 60-minute support. You see the low here, right? It touched 276 and just went absolutely nuts. So again, for all you guys who are trading and you always ask me, what's these silly lines, right? With the sarcastic, you know, the sarcastic connotation, like, what's these silly lines? You have all these weird lines in your charts there. Yeah, this is the reason why I have these little charts and all these weird spaghetti-looking charts because these are the areas that you can identify that emotional sellers came into technical buyers, right? And when you see technical sellers coming into emotional buyers, again, this is why all these little silly lines, right? They're all in my charts. They give me an indication of where supply and demand, emotional levels are being risen and where technical levels are supposed to get embraced and get rejected. So again, that's kind of the theme going forward, especially for tomorrow. Any week open on Facebook, on Alibaba for tomorrow, on Microsoft for tomorrow, I wanna watch them into 60-minute support, 100%. This is definitely the play to go. Roku, you know, it's just a frustrating stock, man. Every single time I think this thing's gonna wake up, just doesn't wake up, not only doesn't wake up, doesn't even come close. Workhorse was great. There's nothing else to say. Workhorse was great. 1670 needs to build. So that's where I got long. I got long off that 1670 area and the damn thing exploded. Here's the whole 1670 just went out of its mind. It traded as high as, say, 1826. Again, here's what we're talking about rising support. You see this orange line, right? That's what we're looking for tomorrow. We're looking for rising support. And if it opens up there, if you notice every single time and hits this orange line, right, boop, boop. Again, these are emotional sellers meeting technical buyers. So we wanna definitely watch tomorrow a workhorse for a dip, a beautiful move. I mean, really, really beautiful move. Not, I didn't expect to trade it today, but it was a great trade. It was a really, really good trade. Nothing, no complaints there. Zoom, again, we're starting to see, and again, this is what we're talking about the options market, guys. We are seeing $300 weekly calls, okay? The stock right now is at what? 280, what was it, Zoom, 291, right? So we're seeing $9 out of the money calls for Friday. Now, keep this in mind before you turn around and say, well, it's probably for earnings, it's not. They report earnings on Monday. So somebody's betting that this thing's gonna have a pre-earnings run. I get it, right? COVID, this, that, the other thing, I get it. So here was the pivot here, 288.50, 289 needs to build. I said there's a shot against the 294. So here was the pivot right here, right? Here's the whole pivot right over here, and it took out that 289 level and traded right to 293.72. So big move there. Congratulations to you guys, it caught Zoom. Perfect, again, here's what I told them about. 300 call buyers, very, very odd. It does look like they want to set up a run for tomorrow. Amazons continues to be really good, okay? And this is what happens when there's really good companies that come out of ranges. They usually make big moves. A couple of days ago, yesterday, when we have a 60-point move on Amazon, right? Today, rejected twice. 33.25 needs to build, and here is Amazon, right? Here's Amazon, here's the, right here. You see this 33.25? So it took out 33.25, and it traded all the way up into the mid-50s. Again, it is setting up. All it needs to do is reclaim this channel, and if you miss this channel, you can reclaim this channel here. But again, it's the old song and dance. 34, 35, 36, $3,700 weekly calls on the name. Definitely something to watch. Big move on Amazon, great move there. Baba's ripping a tad, a tad. So I set here 344 supply, 294 on deck. DKNG, nice little move on DKNG. DKNG, another one, again, is going to definitely benefit, especially from football. People are huge, huge. I know people bet on baseball and basketball and stuff, but the junky gambler wants football. And football is starting in a couple of weeks. We saw DraftKings today. The $40 calls, the $41 call, the $42 calls. Again, weekly call buyer coming in. 39.30 needs to build to test highs. That's exactly what it did. Here was DraftKings, for some reason I call it DiamondKings, but here's DraftKings. Here was the sneaky pivot I was talking about. This 39.30, and it took out the highs of the day. It went all the way to 40.06. New highs, new highs, new highs on deck. So we're set up for tomorrow. We're definitely set up for tomorrow. Again, the bull market continues to be incredibly strong. I would love to see some other participation from a Netflix, from a Roku, maybe from a Beyond, right? Because again, a lot of these names are so overbought, okay? You're always in the back of your mind, thinking to yourself, well, is this going to be the day they're going to reverse? Is this going to be the day you reverse? Again, we don't want to think, we want to react. So I'm definitely watching Tesla tomorrow. I'm definitely watching Amazon tomorrow. I'm definitely watching Facebook and Alibaba on Dips. I'm definitely watching Microsoft tomorrow. Roku, any day now, okay? And Baba, and Baba on Dips. And obviously I want to see second day moves in NIO, very, very strong, WKHS as well. So guys, have a great night. Again, I want to thank you for all the support, all the emails, all the correspondence, all the conversation. You guys are awesome. And with God's help, I'll see you all tomorrow. Take care.