 Tesla went nuts, right? Tesla went nuts, 250 and a half, 252 pre-market highs and needs to build. Tesla went to 360, 260, went to 260. If Tesla guys, if Tesla confirmed the 10 day 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 Axis of Trader.com. Nightly wrap up show up everybody is doing well. Everybody had a good trading day today. We'll get to that in a second. If you are brand new to the channel, as always, we really, really truly appreciate your viewership and spending a couple of minutes with us. Like, subscribe, share, come on this journey with us for the infinite infinite and non non glorified way to try to find a finish line that doesn't exist. And that's kind of what trading is is never a trophy at the end of the road because there is no end the road keeps on going and going and going. And this is one big life learning life cycle and you eventually start looking at things a little bit differently the more years you get in. So let's talk about this. Last night, we talked about a very, very big level today on the queues. It was this 365 level. We talked about it was the 10 day moving average. A lot of really good action. We'll get to the pivots in a second. There was a lot of really good action. But there was a lot of rollercoasters in between. Sharon Powell started speaking today at 9 30. Usually when we have a Fed date, you know about it's two o'clock and then 230. It becomes a scenario of a Q&A and then the market just goes all over the place. Today started right from the word go. He started testifying roughly around 9 30 in the morning, which was nuts. Just absolutely nuts. He drove the market very, very aggressively to the upside, which was good for us. Again, a lot of really great levels broke. It started to go on higher. Everything was great. You thought this was going to turn into a two three day really, really big move. And then some point around lunchtime, he stopped talking. And apparently from what I understand, before Biden spoke, and Biden addressed the economy and they started calling it the Bidenomics, there was a massive nasty pull in the middle of the day. And apparently from what I understand, you can see this poll here from 366 fifties all the way down to 362. From what I understand is, and again, who knows that this is in real, but what I understand is there was a transcript that was floating around, maybe people got a wind of it, what he was going to say, but ultimately he didn't say anything. And that's the whole point. The only thing he kept on reiterating the point was inflation. We wanted to get to a 2% is basically what Powell is reiterating. What Powell said there might be two extra rate hikes. This hasn't been anything new to the market. I don't know why the market would spook that to get spooked with that information, but it happened. They pulled the market down three, four points. The bull's credit, they bounced back, started aggressively bidding the market back up towards the end of the day, but there really wasn't any tangible information. That's why it's so odd that Biden spoke today, that Powell spoke today, but more of the story is the market is still in the same place where it was a day ago. We just had a bigger of a roller coaster effect throughout today's session. But but here's kind of the good news bad news of what we saw today. The good news is the good news is we did break above the 10 day moving average. The bad news was they took it all back. The good news is this is the highest closed in the last three, four days. So you kind of have to look at the market from a glass half full perspective. The fact that they did buy back buy back that dip. The fact that they did reclaim the 10 day moving average. These are all at least positives. And again, when you're making your game plan for tomorrow, you know, keep an eye, you know, keep a keep an impact of these of these facts. What's good about what else we saw today. A lot of the stocks that broke out today broke out very, very aggressively. For example, last night we spoke about ENVX, right? We talked about exactly the game plan for ENVX. We said, listen, if it could write, you know, if it could get into this lower, lower rise in support, trap shorts go green, you know, ENVX went nuts. You know, Letter U, we spoke about yesterday also. Same play as ENVX. They did exactly the same thing. They trapped shorts on the bottom range and they took it higher. It was a really nice trade off the opening range highs. Big moves there. You saw Tesla wake up today. You saw, you saw Microsoft get very, very close just the way the NASDAQ got rejected, Microsoft rejected. But these are names I really like going into tomorrow. If the market price improves today's action. Again, that's a very, very big if. But from the point of reference, again, I want to give the bulls the benefit of the doubt. If you look at the really strong stocks, not everything participated. Amazon didn't participate. Meta didn't participate. But the stocks that did, right? The stocks that did, you know, the Tesla's of the world, the Apple's of the world, you know, the Microsoft's of the world, they held firm. You know, they didn't really, if the exception of Tesla did a very good job today, they didn't, you know, they didn't really go back when the market got pulled. That's a very, very important sign. Ironically, yesterday, and I apologize, there was a, we had a little bit of a video issue yesterday should be resolved today, and it obviously is going to be resolved by the week. I'm going to get a new PC. I'm going to get a new area, just we're just up to updating technology, which is always a good thing. But last night, what after I, after I recorded the video, and the video came out with news, right? It was actually not in the news. It was a China news. It was an industry news that, you know, they couldn't sell chips to China, blah, blah, blah. The Wall Street Journal was performing. You got to give these chip stocks a lot of credit. On the video, it was down like 20 this morning, right? On the video, it only closed down seven. That's a really, really strong comeback. And a lot of these things as well. So, you know, you're starting to see all these bullish things happen again. Yeah, is the video out of the woods? Absolutely not. Any of these chip makers out of the woods? Of course not. But again, you want to see little big stuff. It's not even chip sector as a whole, just the fact that the bulls were willing to buy that today. We didn't see that in the last couple of weeks when the market was back to us and see these are kind of very, very bullish things. After the close, Micron came out with earnings. So, you could see an initial really, really strong bump here. The stock closed where it's 67s trading, up a buck on the, you know, up a buck. Again, Qs are Qs are once again above 65 on this Micron news because everything is getting a jolt. The key is tomorrow. Can we price improve today's action? That's a very, very boring thing. And I have to think, and I'm just kind of just speaking out loud, I have to think if Biden didn't speak at lunchtime, we would have had a runaway train today. Just everything really exploded at the same time today. And this looked like this is going to be one of these amazing, amazing days. The day turned out to be fine. But boy, oh boy, I went to lunch. I had all, all runners on, on the Qs, on MDB, you know, MDB, we covered, you know, MDB, Microsoft, you know, just every, every runner got stopped out on that push. And all I have to, you know, all I was sitting there, I go, wow, what the hell just happened here? And we just couldn't find news. You know, again, this is all hearsay. What's, you know, what exactly drove down the market? You can make it, you know, you could really make a case. Somebody made a case. Well, you know, he was talking, Powell was, you know, talking about, you know, two more at Red Hex. We already knew about this. They, they covered this in the last Fed meeting. So if anybody has any information, what exactly happened around lunchtime, why the Qs went down three and a half points within, within a half an hour, just to let me know. But again, the day was fine. There was nothing wrong with it, but nothing wrong with it was completely different than 30 minutes before I went to lunch when the day was absolutely phenomenal. So it was a little disappointing. But again, such as life, it's not fair, right? Such as live trading is not fair. Get over it. It's over. It sucks. A lot of things are going to suck in your life. Again, it's all about, you know, it's all about sucking it up, having a short memory, moving forward. And again, it's all about, it's all about price action. And again, nobody's opinion is ever going to be stronger. What the bottom line of the price action is in the closing prices. And at least today, we did get a close right at just below the 10 day moving average. If you look at the spies, they did the same thing, right? They reclaimed the 10 day moving average. They started moving higher, right? They started moving higher. And that flush at, you know, a flush at lunchtime, you can see here, you know, the flush at lunchtime. Look at the move on the spies. The spies went from 437 to 434 and roughly back to 437. So that's kind of why I want to give the bulls the benefit of the Dow going into tomorrow's session. Just the resilience of that, of that aggressiveness, the candle they bought everything back. So let's talk about now. I'll give you guys some plays for tomorrow. Let's talk about the pivots. Everything was working so well, man. It really was. It was it was such a great day and it turned into be an okay day, whatever. It is what it is. Let that be a worse problem. So we talked about last night in the video, Q's 365 rejected three times needs to build. Q's exploded. Of course, we made sales on the way up. It's not the point of making sales on the way up. It's the point of God. Why the hell did they come in and stop us out, right? So you had this here is the 365 it exploded through the 6365 put about a dollar 50 move and then you can see it just everything came back stopped us out at the runner or whatever. It is what it is. Meta never got up to the 290 level. Microsoft was really going well until the pull as well on 336 20 needs to build and Microsoft stopped right at the 10 day moving average. See this double top here. I actually like Microsoft. I really, really like Microsoft either tomorrow or the next day if they could reclaim the 10 because if Microsoft starts reclaiming the 10 day moving average and the Q's reclaiming as well, man, these things are a rip. But really, I mean, you had a $2 move on Microsoft, a little bit less than $2 move on Microsoft, but it stopped the right short of the 10 day moving average. And as you can, as you can understand, it got stopped out of the runner as well. Letter U was good. Again, Letter U we discussed last night on the video. We talked about a potential remount that there was weakness and potential to yesterday's channel. They both confirmed it didn't quite get to the 41 40s for a bounce. It got to 41 80. So I missed the bounce, but this 42 60 second entry over that 43 level, you know, took this, you know, took letter U really nicely. You can see really, really big pop. Once it reclaimed, once it reclaimed back that 40 where are we 43 right here. Once they reclaimed back to 43 really, really nice move. It traded as high as the 44 and change. They were coming for July $51 calls. Keep an eye on this thing for tomorrow. Who knows? Maybe it takes out takes out the the mid-June high so we can keep an eye on you, but a really good move on on letter U. Rule ENVX. You guys remember we talked about ENVX? Last night's video was pretty good. A lot of really good moves from last night's video. ENVX, a huge breakout yesterday we talked about for experienced traders. It traded right to the 1580s. It trap got above the 1645 and ENVX ENVX traded all the way up to 1745. Really, really great move on ENVX roadblocks. Tell me technical analysis is not specific. Roadblocks 43 rejected three times needs to build, right? Guess where roadblocks stop today, right? If you had a guess, right? Drum roll please, right? It stopped again at 43. So four times the charm. I'll tell you eventually this damn thing brings 43. It's going to rip, but I'll tell you it was not the day. Airbnb again, another name we discussed last night in the video. 129.30 needs to build. Airbnb at one point went nuts. I mean it went all the way up to 132. Really, really big move there. Can you guess what pulled it? Right? So UPST, it was a late entry. Congratulations to all you guys who caught this. They were coming for the 37 weekly calls and this thing took off. 33.80 needs to build. Another name that confirmed, and you guessed it, the 10-day moving average. Guys, that's the birth of the trade. When you do your charting, look for stocks that are confirming the 10-day. I'm telling you, these are great, great setups. So it took out the 33.80, 34, and traded the $36. The big, big move there as well on UPST. Tesla went nuts, right? Tesla went nuts, 250.5, 252 premarket highs needs to build. Tesla went to 360. 260, went to 260. If Tesla guys, if Tesla could confirm the 10-day moving average, remember all that energy, all the people when I started talking about it, we had a great run on Tesla to the upside, and then we had a really, really good back test to the downside, and now it's so close to reclaiming the 10-day moving average. Remember all that energy that people on social media said, real good stock, we'll pull it back. Let's keep that energy going for tomorrow, because if we can actually confirm the 10-day moving average, Tesla could really start stretching. So let's all hope, let's all put our universal energy in the same direction, because if we can get a confirmation tomorrow on the 10-day moving average of Tesla and it confirms the 10-day, man this thing could really, really wake up, but a really, really good move today on Tesla. I traded MDB today. Don't judge me. I traded MDB today. It was a thin stock, but the only reason why I traded, we've been talking about this thing for weeks, it finally broke out of this whole earnings channel. And the damn thing went up like 14 points. I had no size on this thing. I'm not ashamed of saying I had no size. It's thin as hell, but it gave us a $14 candle at one point. So really good move there. I got stopped on my runner. Can you guess why? Same thing as everything else. So yeah, it was a really good session in the morning. Oh, BBIU. Yeah, look, stop dot everywhere. What's the news? BBIO 1720 needs to build a really, really strong move here. So here is the BBIO 1720 closed right at the highs. This thing looks really, really good. And actually, you know what? Let's start out. This is definitely one of the names I definitely want to watch tomorrow. Either a rising 60-minute support or a break above today's channels. Tesla we just talked about. I really like, I obviously really, really like Tesla as well. I think that looks really, really good. Let me give you guys, let me give you guys a couple more plays. Microsoft I like. I'm just looking at my phone. Microsoft I like a lot if you can get above the 10 days. You know what is, you have a lot of, you have a lot of similar themes. If you guys notice Tesla, Tesla, Microsoft, they're all 10-day, 10-day confirmations for tomorrow. So I really, really like those plays. I like Microsoft. I like Tesla if they confirm obviously. Let her you if it starts taking out the June highs and look at Carvana, right? You have a huge short interest in Carvana. Keep an eye on this thing. If this thing starts taking out the top of the range, maybe this thing goes as well. So that's it guys. It was, you know, it started out really, really well. I thought this is going to be a massive, massive day and just turned into an okay day. But you know what? Okay is better than not okay. I guess. Chalk it up to another Danism. Guys have a great night everybody. Just keep in mind tomorrow night there is no video. It's my normal Thursday night off. If you are joining us tomorrow in the live webinar or on the Squawk box morning strategy starts up about 10 minutes after nine eastern time and I look forward to working with you. Have a great, great night everybody. See you soon.