 Semiconductors are very, very strong. That's probably the most, I would say consistent, right? Isn't that the best way of saying it? Probably the most consistent group in the market. And again, if you look at some of the semiconductor names. 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 morning everybody. Welcome to another edition of the Access a Trader.com. We get update show, hope everybody is doing well before we get to all the goodies about the stock market, all the baddies and all the stuff that's completely indifferent. The boys, Kyler and Ken Yun who run the ship here told me to give you guys a couple of tidbits. For all you guys, do we get a lot of emails to support about different components of the PS60 theory? There is a seven hour, three, seven hour, something like that, something free that you can literally break down the PS60 theory. There's a lot of moving parts. It's an advanced way to trade. There's a lot of moving averages in the Bollinger Band and linear regression lies. A lot of moving parts that you really have to understand it's pretty advanced, but it is pretty cool. And there's something if you click the link somewhere, anywhere here, you will see there's a link. You put an email and you get a three hour, you get the three hour workshop. Also, if you'd like to take advantage, if you're kind of trying to figure out if pivots are for you, there's a year end, well excuse me, summer end. Kind of a trial, I don't know what exactly it is. It's a kind of a trial for 30 days to kind of see everything play out. So if it is for you, if you're thinking about it, two cool things, start definitely with the workshop, watch the workshop over and over and over again. It's like three hours, three and a half hours, kind of break down the theory. And then if you'd like, there is a 30 day, there is a 30 day access to the webinar. It's only like 47 bucks to see, to kick the tires, to see exactly if it fits for you. So you just kind of want to make that announcement and let's move on. So summertime trading, we got about what, two and a half weeks, everything's kind of going sideways. So you can see the market is just slowly maturely melting up, going sideways, cold aesthetic, right? Every single day. There's some good things. There are definitely some bad things. There's things that you kind of scratch your head. But overall, this past week was pretty solid, right? You had Tesla finally reclaiming this $700 area. We'll get to Tesla in a second. I was a little disappointed of the price action on Friday. You had NVIDIA, right? NVIDIA is another one that I love, love, love, love, this whole week, had a really, really nice move to the top of the channel. It took out the $200 area, finally, of several areas of rejection, finally reclaiming the trade at all the way up to the 207 and change level. I still think the stock has a shot at this 208.75, 209 area ahead of earnings. We'll see. At this point, it really doesn't make a difference. Bitcoin exploded, taking everything with it. You have the coin stop moves, right? You have the coin stop that's attempting to come out of the range. This is the highest close in this whole formation. Names, for example, like Roku, that even though came out with, it looks like pretty crappy earnings, they didn't look horrible, right? They had that big move lower prior to earnings. There's still a wall within the range, a name like Netflix that didn't have a great earnings quarter, but it's kind of sitting in the middle of this range. So the market is still holding fairly well. Facebook woke up this week. We talked about the Facebook range off the 10-day moving average. There's a lot of pluses, right? There's definitely a lot of pluses. And somebody could turn around and say, well, nothing's going to materialistically change. We should melt up till Labor Day, and the real market should start there, right? It should literally start there as I joke around all the time, especially on social media when there's a hot stock running. And I just say, just put the stock at 1,000 and start from there. Well, a lot of people just think, just put the market at all-time highs at Labor Day and we'll start from there. They're not wrong, right? They're absolutely not wrong. But the reality is the market has its own way of doing things. And going into Friday's session, just to give you an example, my week was basically Tesla and the video for the first part of the week. And we kind of got the Friday. And I tell you, and this is where we say the market does whatever it wants. Our job is only to get ready for it, to kind of prepare for it. So we had so many value setups from Friday's session, right? Like I give you a perfect example. Tesla was building for four days in a row above the 700-day moving average. On every dip we saw this week, we saw deep out-of-the-money calls on any sell-off. So I said to myself, Friday's the day, right? Friday's the day. It's setting up perfectly, right? This is going into Friday's session. It's setting up perfectly for Friday. The weekly buyer is going to get paid, yada, yada, yada. I looked at Amazon, right? I looked at Amazon going into Friday. Look at this channel, right? Look at this channel. You have the monster, monster channel. Remember, this isn't an ordinary stock that missed their numbers. This is Amazon. The longer the stock market can embrace the quarter, eventually you're going to shake this off and move it higher. So I was watching Amazon go, wow, this thing is going to explode. I'm so ready for Amazon. We're waiting for Zoom. 52 eKIs, right? 52 eKIs are about to come. They're about to come on deck. It's about to get good, right? Yet, the video. The video's going to go to all-time highs. Again, eSingle still hasn't updated its split. But you can see the top of the range here. And economic numbers came out on Friday. Everything gapped down. But the one thing I've always maintained, especially in a bullish cycle, is any gap down is usually a high probability the channels back to the upside are going to reclaim and they're going to go again. And I was waiting for the video. I was waiting on Amazon. I was waiting on Zoom. I was waiting on this. I was waiting on that. I was waiting for the third. And yada, yada, yada, nothing happened. And I think out of all the stocks, and again, if you look at what happened on the indexes for the first part of the week, very, very strong. They all, everything, S&P, Qs, the Dow Jones industrial average, everything is up 1%. There's nothing really to read into the technical part. And again, if you believe in the whole theory, we're probably going to melt up all the way to labor day. At least the technicals kind of correspond, the action kind of corresponds. But the one thing that I was very, very disappointed in Tesla's price action. And the juries kind of see after that big Monday move on, I wanted to see a rest. We got the rest. But in between the rest, we were getting really good sneaky channels back to the upside. So it was a really good value on Tesla this week prior to Friday's session. And I kept on reiterating the point over and over, over and over. I would love to see that one washout. You guys remember that? I said that a few times throughout the week. I would love to see one washout trap on the bottom of the range, go red, the green, and go. So I was so convinced Friday this was going to happen. And it was already in my head. And the one thing you can do, again, you can't predict price action before it confirms. But you can do the research. You can be prepared. So when the price action plays out in your theory, you should be good to go. And Friday, you had Tesla opening lower. And it stopped perfectly on the five-day moving average. The five-day moving average rose. And it went right to green. So I bought at red to green the first time. And the stock was up like $2, right? Stock was up $2. And it got stuck. I didn't make any sales. The reason why I didn't make any sales, usually, I usually take some sales, get some cash flow and kind of manage the trade. But I was so convinced because we spent four days above $700 and kept on seeing order flow and collecting data that they were buying out of the money calls. I said to myself, well, let me get that big move. And at worst case scenario, at the top of the range here, this could be a macro full position, all go into the 780 channel. And it went up a couple of bucks. I didn't take it off. I broke even. And I saw the stock go red. And I go, well, that's weird, right? That's weird. But let's see how it plays out. And it started getting stronger again. And it tested the same channel. And it kind of came back in. So we already knew that, you know what? I don't want to short the stock off that 707 level just because I don't want to get trapped in my own theory and they finally make me whole. Let's watch from that 696. You guys remember we kind of talked about that 696 washout? Let's watch from that 696 washout. So it finally washes out. It finally washes out. But it didn't hit in the 696. It hit it like 97 and change, which kind of correlated with the low here from August the 2nd. And it went back higher, right? It went back higher, reclaimed 701. I completely butchered it, really, really butchered it. I got along with the 701 remount. And I did it too fast. I should have waited for that longer move down and then snap back over 701, but I didn't. And again, it wound up costing me only a buck. So it really wasn't the point of the money. It was more of the execution. So I wound up seeing a reclaimed 701 trade back to like 705 and change. At that point, I was really getting irritated. So I said to myself, I should really watch now for the red to green and yada, yada, yada. I've never got there. And then it closed at the bottom of the range here. So the jury on Tesla, I don't want to turn around from Monday's session and turn around and say, well, now that it closed below 700 bucks, the stock is assured. I don't want to go there yet because there's still an area here that it could test reclaimed and trap. Because think about this. We were in a channel from June the 24th all the way to July, July the 30th. So you had over a month and a week of distribution. The last thing you want to do, and again, keep this in mind, put up like an $80 move within that time. So the last thing you want to do is try to set it yourself. Well, now the stock is assured. It failed the 700 level. It closed below the 700 level. This whole 150-day moving average, I still want to watch. Because again, if we do get a gap down open and again, I'm just brainstorming. That's what I do. You have to play devil's advocate. If it opens down and they reclaimed the 150-day moving average, it goes red to green. Hey, maybe then we get what we wanted to see on Friday. So the jury is actually open. I want to see how Tesla trades Monday for me to get a broader opinion on it. But for now, I want to give the bulls the benefit of doubt just for a couple of hours. And then we'll reassess there. A name, for example, like NVIDIA. Semiconductors are very, very strong. That's probably the most. I would say consistent, right? Isn't that the best way of saying it? Probably the most consistent group in the market. And again, if you look at some of the semiconductor names that have been doing really, really well, like the AMD. Again, who could have thought in their wildest dreams would run from 89 to, what, 123? Phenomenal. Absolutely phenomenal run. It's back-testing. Probably get a dip back here to this 103-104 level for maybe for a possible entry. But the semiconductor has been really, really good. The jury is still out on the video. Does it have one more run ahead of earnings? It looks really good. But names that look really good in the semi-space, look at Micron, right? Check out Micron. Micron is very close getting out of this whole channel. See how many times, guys, it's held this bottom channel? Again, part of the whole PS60 theory, the whole theory is stock straight from supply to supply and demand to demand. So you can see this was supply. And it hit supply here three times in a row, and it got rejected three times. If Micron could just get above this channel here, this thing could wake up. This thing could be really, really good. A name like CLAC that had phenomenal earnings, it's going sideways right now. The same thing as well. So I do think there's a lot of value in a lot of semiconductor names. And you, I'm definitely watching from Monday. CLAC, I'm definitely watching for this week. Again, you can see it just going sideways. The buyers are comfortable. The sellers are comfortable. Let's see if they could take out the earnings high and start its next leg up. Even names like Splunk, right? In the internet security area, had a finally big move out of this distribution. Let's see if it wakes up again. A name like SNOWED that had this really big move. You guys remember, I think it was from Tuesday's session, finally took out that 275 level, just absolutely exploded. You could see the same thing in Splunk. And this is why it's so important. That's why a lot of new traders ask, hey, Dan, how come you have so many lines? The reason why these things stop is because of these silly little lines, right? These are points of reference points that if you don't know they're there, you're gonna get rejected every single time. So the same way Micron got rejected three times into the same area here, is the same way SNOWE got rejected on this linear regression line three separate times. But if you don't have these areas plotted on your charts, you're trading blind. You don't know why they're stopping. They're just stopping. So you can see SNOWE as well. It's got rejected three times off the same area. If it reclaims, maybe this thing starts waking up. Even a name like IBM, which I'm not a big fan of, you can't deny this chart, right? It got rejected twice off the 50 day moving average. If IBM reclaims this 50 day moving average, you literally have a really good channel, especially if you're option trades. It might take a while, but you have $78 back to the next supply zone to kind of really engage in a pretty good swing. Obviously, give yourself some time, allocate proper tier size, but there's definitely value in a lot of names going forward. The names that you kind of want to stay away from, again, it's still these China names. They're just literally all over the place. I still believe names like AMC, names like GameStop, there's probably better value continuing through the downside. If you were kind of watching this broadcast for the last, even for the last week, we have tons of pivots to the downside on GameStop on AMC, again, are the snapbacks aggressive? Sure, you know, absolutely they are, but you can see here, they keep on getting rejected off this declining moving averages and when they kind of roll over and take out the previous days high, you start your next cycle of selling. So kind of going into this week, I do like to semiconductor names, some storage names look pretty good, some software names like a Snow looks really good. I don't know if they're cloud or whatever the case may be, they look good, look at the financials. What do you guys that trade financials? Look at a name like JP Morgan, right? JP Morgan, it looks just like IBM. If they have any type of rates that potentially could go start to rise, again, obviously financials are gonna do really, really well. So, JP Morgan is literally one day away. Again, if you go through the whole group, you could see Morgan Stanley, very strong city man kind of looks like JP Morgan. Goldman Sachs is literally breaking out, has one, literally if it could confirm this 400 area on Goldman Sachs, GS could fly, guys watch this Goldman Sachs, it's not on the watch list officially, but keep an eye on Goldman, this thing starts building about 400, you can get your next leg up as well. So I think we have to kind of accept everything in the market. The one thing you could only control is your trading, is your emotion, is your research from the night before. Like we said on Friday, it was disappointing on Friday, not because it was a snikey, right? I don't want to use the word. You know, it was a crappy day. It was disappointing on Friday because the channels that we were watching from the previous night's research didn't confirm. And that's kind of out of our hands. We can control our emotions, we can control our fear of missing out, we can control our tier size and risk management, all that exposure, but the lonely thing we can't do is manage what the market wants to do that day. Remember, we want to trade, but we don't have to trade. You think you need to trade, but you don't have to trade. Again, we want to make sure we're trading when there's value and not because the stock market is open. So going into this week, guys, I am bullish until I'm not, right? Until we start breaking down macro levels, you have to stay bullish, that there's no reason the indexes are telling us that we are about to collapse. Could we have aggressive polls in today? Of course, that's what happens when there's a linear market, but from the old tense of purposes, the signs and all the data continues to point to their sector rotations. And you can see just by what we talked about, they're going to storage, semiconductors, banks, maybe not the traditional names that we trade, but the point is the market is still humming along. So guys, have a great day. And again, for all you guys who are interested in pivots or just want to check it out, again, kind of revert to what we talked about at the beginning of the broadcast and make sure that, again, before you commit to a trading style, you get all the information about everything and see if it's the right for you. Guys, have a great day. Have an awesome weekend. Have a great week. And with God's help, I'll see you all tomorrow. Take care.