 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 to be here, everybody. Welcome to another edition of theaxisotrader.com. Nightly wrap up show. Hope everybody is doing well. If you are bringing you to the channel, please like, subscribe, share, tell a friend. Again, we try to every single night, well, Monday through Wednesday, and then on weekends, try to give you the best possible outcome from technical analysis via an unbiased point of view. And that's kind of what leads us here. Last night, obviously, we talked about several things. I liked what the Nasdaq names did yesterday. They kind of detached themselves yesterday from all the banks selling. And we had three big days, so four big days of really aggressive bank selling. The one thing that I really do like, I don't think any of us can give. It's very tough for any of us to kind of give the government or any government agency any type of credit. But I will tell you, man, I was thinking about it. I think that for once, and correct me from wrong, I think for once that the government, right, they did a pretty good job. Of putting out a major, major fire. Again, we don't know if this one fires in the spread yet. But I give them a lot of credit. They came out right away, SIVB, one day later, MDIC takes control. The day after that, they start spinning it off to the highest bidder. They didn't lead it, you know, they didn't lack all these other stocks, SBNY, right? They didn't let these things just drift for weeks and weeks and weeks and taking the market down with it. They really nipped it in the bud. And, you know, you kind of got one of those scenarios yesterday that even the sellers from the bank stocks, they got tied. If you guys remember last night on the video, I turned around and said, really, you don't want to be shorting day three of this big, big move. And we also talked about a very big number here in last night's video. And I think Kyler even made a YouTube short about this kind of as a reminder how big that 9440s levels were. And we talked about it last night in the video. And the question going into today's day was, well, can the tech stocks once again detach themselves from everything else? And before we even got that number, we had the CPI come in this morning. 6% was the consensus, came in at 6%. So a lot of people believed that the move, the next possible was already baked in. And, you know, markets started moving higher to the bulls credit, especially the technology bulls. They did reclaim this 29440s level and trade right into supply, next supply. I thought it was going to be 29750s. It actually overshot a little bit, traded up to 298. And we'll get to individual pivots in a second. So it was a very, very good productive day in the bulls. And not only were bulls resilient, a lot of bullish looking charts really woke up, right? I mean, incredibly woke up. Look at meta, right? Look at meta. Again, we'll get to the pivots in a second. This thing is a stone throws away from earnings highs. Look at Microsoft, right? Microsoft had a huge move today, right? We talked about Microsoft last night in the video. Huge move today out of this whole base here, right? Even Tesla woke up, right? We talked about Tesla put in a hammer yesterday off the 50 day. Even Tesla woke up and reclaimed this, you know, this supplies on a daily chart. And now it's close to attacking the 50 day moving average. Look at AMD, right? AMD is very, very close as well to putting, you know, to kind of challenging these earnings high. So we're in a very, very, you know, very weird place that we've had so much aggressive news and such a big aggressive spin cycle with these banks. And again, this is kind of what we talked about on the weekend video about, you know, people who, you know, people who just would never, were not around 2007, 2008, talking about Armageddon, talking about destruction of prices. We're still here. And not only are you still here, three days later, we're talking about AMD, Meta, and NVIDIA, right? And NVIDIA possibly taking out their 2023 highs. So again, it's a great story, right? It's a really, really great story. You know, people, I don't think these were great. It was a horrific story, right? About the banks' potential failures, potential, you know, three banks failed in a week, you know, more dominoes to come. But it's a better story, the resilience of the bulls. And that's the bottom line. Again, if you go through your history books, you could see it. Even when it started in the 1980s and the savings and loans crisis, right? This is a better, this is definitely a better comparison to the SNL prices in the 80s than the 2007, 2008 crisis that we saw. But, you know, if you look at the 2008 SNL prices, if you look at the Asian crisis, if you go through all the wars, if you go through 9-11, if you go through the global pandemic and everything involved, the resiliency continues to be. And again, yes, I'm a firm believer in trading both sides of the market. I am the champion of projecting independence to every trader that you can have it all by absorbing both sides of the market, appreciating both sides of the market and taking advantage of both sides of the market. But I will tell you, nothing feels good. Like a raw stamp, angry, vicious, violent bull stampede. And that's exactly what we got today. And it was a pretty cool day. And I think a lot of us are very, very happy. Again, I have no problem trading a bear market. Again, I trade both sides of the market. It's just a good bull market. It just feels, it hits a little bit different. That's exactly what it's thinking. Also, what I like seeing was all these regional banks like SNV, for example, like the CEO Schwab. They got in front of a potential catastrophe. For example, the Schwab CEO came out today and said, hey, everything is going good. 80% of all our deposits are above the FDIC threshold. So, excuse me, below the FDIC threshold, they said that they're getting about $2 billion worth of deposit inflows a day. That's a good thing. That's exactly what the market here wanted to hear today. You had that really aggressive dead cat bounce at the open with FRC was up about 50% at one point. WAL, this thing had a big move up. Even Schwab, when the CEO bought those 50,000 shares. What was cool about what we saw today, at one point, all these stocks reversed. At one point, because around the afternoon, they reversed, and you could see here, the WAL went literally from 41 all the way to 23, and it rebounded, put up an $11 move into the close. If you're a bull, you kind of like what you want to see here. If you're a bury, you're a little bit disheveled. Why isn't the market not crashing? Because again, that's the whole point. The sky is not falling. If you were only eight, nine, ten years old doing 2000, 2008, you don't have to say so how this market is compared to that market because you were still sucking on your mommy's teat. I said it, but no offense, but it is what it is. But going into tomorrow's session, now that we have the CPI out of the way, by the way, and I say sucking on your mommy's teat, I say that in the nicest possible way possible. But going into tomorrow, again, I don't think the story of the banks is written yet. I don't think we're in the final chapter. Is it possible another bank comes out and has some news? Absolutely. I don't believe this is the end. This is the season finale of the 2023 four-day bank crisis. We'll never forget. But the most important part is if there is another shoe drop, the most important part is kind of what the Bulls did in the last couple of days, especially in the technology sector. Can they embrace the bad news? Can they shove it along and continue on the merry way? And if that's the case, you definitely have to feel that the narrative back to the buy side will start coming back very, very soon. But again, it's still very, very early in the saga. We'll see how the market plays out, especially for tomorrow. And the key is, again, always be prepared on both sides of the market. So again, I gave you guys, and again, for all you guys who are brand new, for all you guys who are taking 10, 15 minutes out of your time to watch my nonsense on a daily basis, the least I can do is give you guys the pivots on the queues. And again, if you were watching the video, pretty good, right? Pretty good. Obviously you had this 294, 40s level got rejected twice. For going into tomorrow, the Bulls really need to close and start building above 298. If they can start reclaiming above 298, then that channel that we started building upon that ended around February, excuse me, March the 3rd, March the 4th, it will reclaim this whole channel here. It'll start the move. So if we can get it closed tomorrow above 298, 299 on the queues, I do believe it'll start a cycle. And I think the cycle will get the 301. And if it gets above 301, then I think we could test those 304 highs that we had on March the 6th. So we'll see. So let's talk about some of the pivots today. Very, very aggressive. As you can imagine, anytime you see all the horsemen, all the beta stocks on the pivot watch, you know there's an opportunity that they confirm is going to be a premium session. So let's talk about it. So QQQs, we already talked about 294. 40s rejected twice back to back days needs to build. They went to almost 298. That's where the next channel, big base needs to be built. Tesla, wake up, baby. We finally woke up a little bit. Say let's see if we get a follow through tomorrow. 178. 30s needs to build. The 79. 50 is the pre-market high for the initial push to 180. 130. That was exactly what happened here perfectly on the 60-minute move. So it took out the 70. It took out the 78. 30s took out the pre-market highs of 79s and traded right to the 81. 30s. And then obviously it remouted that and started putting in new highs. Listen, if Tesla gets going, I mean we could see, we could see a push into the 85. 87 level if today's channel confirms tomorrow. On the video monster move, 235. 50 is the pre-market highs. And 236. 30 was the March 10th highs. They both need to confirm. The video went absolutely nuts today and so did AMD. So here was the video. It took out the 35. 50. That was the pre-market highs. Took out the 36. 30s and traded all the way up to 242. I still like this thing for tomorrow if it starts reclaiming taste. Chattel's huge move there. Amazon nice move into supply. 9402 reject. Yesterday needs to build. Amazon went right into the 60-minute supply of right here. Right into the 95s. But again, I think if this thing starts confirming, especially the 50-day moving average, see this 50-day moving average? Any close on Amazon above like 95.5, 96, this thing's going to start spreading a little bit as well. Like Apple didn't do anything. 5314 needs to build. 5340 and then kind of died out. Microsoft was huge. 258 needs to build. Here is Microsoft. Right. So it took out the 258 level. It was the previous channel. It took out the 262 area. Traded all the way up to 261. This thing starts building above today's channels. Again, look at which room you have up. From Microsoft, Netflix never got there. Meadow went out of its mind. Meadow announced pre-market. We're having their second round of cost cuts layoffs. Unfortunately, 10,000 people are going to lose their jobs. 8380, 84 needs to build. And as you can imagine, Meadow went absolutely not situated all the way up to 94. And guys, look how close Meadow is to its earnings highs. If this thing starts confirming its earnings highs, man, you can see a really, really big boost. Again, we saw some weekly and next week's $200 calls come in. So a lot of bullish bets finally coming back into the market. But more important is the market, especially the bulls. The speculation money represented bulls that especially in the technology sector are finally waking up and negating the bad news from the banks. It's such a big deal when the technology stocks trade in their own two feet. Because if everything gets pulled down, that means there's a sell first, right? Shoot first, ask questions later. But when the technology stocks are strong and then everything else is strong, it's usually a really good outcome in the end. So guys, have a great night, everybody. God bless. I will see you all tomorrow. Take care.