 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 the AccessToTrader.com nightly wrap up show. Hope everybody is doing well. Hope everybody had a decent day of trading. We'll get to the earnings reports in a second. If you are brand new to the channel, guys, welcome aboard. Thank you very much for joining us. We really appreciate your viewership taking 10, 15 minutes out of your busy day to kind of listen to my BS. And the most important thing guys, hopefully everybody is healthy and happy. So yesterday if you watched the video, I said there was a shot that we could have a pretty lethargic stalemate type of day. And the reason why I said that was number one, everybody was watching and waiting for Microsoft and Google the question again going into today's reports were well kind of the same thing that we saw with Tesla and Netflix. So are these stocks priced in right? Are they priced in their moves so far for this quarter based on their performance or are they going to stand on their own two feet? We got our answer with one of those two names. We'll get to that in a second. The second part was everybody was waiting for the FOMC meeting for tomorrow. It's very understandable. It doesn't take a lot to realize that the FOMC is going to dictate a lot of what we are doing on a day to day basis, especially for measure potential trades. And I don't think a lot of traders really wanted to stay in the way ahead of this decision, both the Microsoft Google earnings and the FOMC. So you didn't see a lot of range throughout the day. Were there some things going on? Absolutely. We'll get to the pivots in a second. But it was a lot of wait and sit and wait and watch and all that stuff. And I took a couple of balances today on NVIDIA. Nothing really crazy. Just was such a boring day. Just an absolute boring day. And then Google's earnings came out and all of us in the webinar, we were here at four o'clock. We called Google pretty nicely. We'll get to that in a second. But the question is now, what happens tomorrow? And it's a very, very important part because yesterday if you watched the video, we talked about that for me to get at least bullish, right? At least bullish from a more of a risk on point of view was if the cues came back and reclaimed that 380 level, right? Remember that's 380 level in the five day? Well, they did that for a momentary move. It traded into the 60 minutes supply. Again, we'll get the individual pivots in a second and they closed below. And the question was, well, that's not a good thing. Well, maybe one of these stocks, Microsoft or Google will help us. Well, we'll see, right? We'll see. As of right now, the cues are reacting much more positively to the Google earnings than so far on the Microsoft. Google right now, after hours is absolutely surging. We talked about the call buying yesterday in Google. Stock is up really, really big, really, really big today, really great numbers. And the most important part, and this is why it's Wall Street is so ironic, they were helped out by this quarter by cloud, right? By the cloud space. Ironically, Microsoft came out with earnings and, well, they blamed their slow quarter, right? They blamed their slow quarter on, on Azure, the cloud. So it's a very kind of tale of two cities, tale of two tapes. But so far, Microsoft is down about three bucks after the close. Their conference call starts at 530 Eastern Time, I believe. Again, just like in Tesla, unfortunately, I didn't get the upside pivot in Tesla. But I'm going to watch it again. I don't know what time you're going to be receiving this broadcast. But I'm going to watch the stock if it starts building above today's channel 351, 352. If they start negating the initial response to earnings, because realistically, Microsoft did close above the 5-day moving average. And depending what time you're watching this video, the stock could be at 360 or the stock could be at 340. We don't know. Right now, it is, what time is it now? Right now, it is 458, right? It's 458 Eastern Time. So the stock is right now roughly what, 347, 348. So it's not there yet. But I will be watching that 351, 352 level after the conference call. Who knows if they shake off this bad news, is it possible the stock could run? You know, very, very possible. Other kind of notable names after the close yet Texas insurance come out again, not a great quarter, right? Not a great quarter. So so far, I get three out of four names in the technology space, not performing Snapchat. I've said this now for a couple of years. Who the hell is still on Snapchat? Believe it or not, I think my son is. He always asks his friends what the hell is Snapscore is. Maybe one day somebody will explain to me what the hell is Snapscore is. But the point is, so far, we are getting some, you know, out of the five tech stocks that reported so far. I'm not really using IBM and that barometer. You had Tesla miss, well, not miss, but sell on earnings. You had Tesla, Netflix, Snap, Texas Instruments. And now you have Microsoft. But again, I am watching to see if the stock can wake up at a later point of the evening to negate some of these, negate some of these selling early selling and see if you can see this paper. Guys, this is where I'm talking about this 351 352. If they could get above this 351 352, maybe shoots up the 355 356 next supply and ultimately 366 is the high from the top of the range. Tomorrow, right? The big one is going to be for tomorrow is going to be meta. As you see here, kind of some of the option flow going into meta ahead of their numbers. You can see the weeklies, they're betting the 305s, the 310s, the 320s, pretty good size here. 400,000, 500,000, 500,000. So you got 1.5 million roughly in bets here ahead of earnings. You got here September 325 bet for the 600 grand. You got a couple of orders here, over 1.1 million for the 275 280 puts. Again, we don't know what the how the market is going to respond to earnings. But as of right now, as you can imagine, meta is surging with Google, right? It's surging with Google after hours. Obviously, I'm going to probably play meta tomorrow as well. So here's the key metrics, what we need to see the bulls do. The bulls tomorrow, if they're going to be strong, the Qs are going to need to reclaim today's highs, which is 380 50. If they could get above 380 50, then yes, I do believe we're going to start really getting aggressive back to the upside. Having said that, right? There's a downside to that as well. So it's very, very important they start building above today's highs. So far, Google, meta, a couple of other names are moving up here. So it'll be very, very interesting if they could drag Microsoft with it. But hey, we don't know after the close, if they do have a good conference call, maybe we'll waking up tomorrow and Microsoft is a lot higher than we were talking about this morning. Tomorrow, outside of meta, you have, let's see here, you have, let me see the earnings for tomorrow. Outside of meta tomorrow, you have Cope, AT&T, a lot of Dow components. You have eBay, Boeing in the morning. I think that's about it. I think that's about it as far as earnings. And then Thursday, really don't have anybody have McDonald's, Intel. Intel is really important, but all the mainstay big leaders are going to be next week. Amazon, Apple, so forth, and so on. So again, 33, 80, 50, the bulls are going to need to reclaim the five-day moving average tomorrow. And if that happens, we can start moving back higher. So let's talk about today's day. Again, like I said, pretty slow, you know, pretty slow session, at least for me. It took me literally, it took me literally till Google's earnings to start getting a day together. But let's talk about it, right? Again, not a big, not a big day. Say 930, WW, 930 needs to confirm yesterday's channel through the Bollinger Band. Here is WW, right? It took out the 930 stock went all the way up to 10 bucks. This thing is very, very close to confirming the May 8th highs. If this thing starts confirming the May 8th highs, this WW is going to wake up. A nice move, a really, really nice move there. Amazon, I was watching this thing for a short 12835. It didn't quite get there. Netflix never confirmed the pre-market highs. I like this Disney, guys. If Disney doesn't rally in the next couple of days, when I say I like Disney, it's not enough to the upside. In case this market doesn't rally in the next couple of days, keep an eye on Disney. Look at this bear flag that's shaping up here. I'm not saying it's going to happen tomorrow, but if this Disney can't rally, the longer it can't rally, and this bear flag starts to build, let's watch the bottom of this channel here for the next couple of days. Who knows? Maybe they could get this thing through down. UPST was definitely the biggest mover of the day. 6115 needs to be. They were coming for the repeat $65 weekly calls on UPST, and you can see UPST just went, yeah, it went nuts. It went absolutely nuts. Here is the move on UPST. Just took out the 6150. We traded all the way up to 66. It's an absolutely huge move on UPST, and this is later in the day, 380 needs to confirm, and I said the first supply here is 380, 380.40s. That's the high of the day, and here is the earning pivots. This is the one we caught. This is the one we caught here, this 127 on Google, and 127 gave us $2.5 really, really quickly, which is awesome, which is absolutely awesome. You can see here, it hit the 97. You see this 127 area? It hit 127, came back in a little bit. Once it got above the 27, just absolutely great move. Again, I'm still watching Microsoft. Again, that number for tonight, depending again, what time you are watching this broadcast, I will be looking at this thing above this 351, 352 if it has a positive response to the conference call. That's it, guys. Have a great night, everybody. I wish everybody the best. Let's see what happens tomorrow. Again, the bulls, they really, really need to get above that 380.50 and reclaim the five-day tomorrow on the Q's. If that happens, hopefully we'll get back to bullish business. Guys, have a great night, everybody. God bless. Thank you.