 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 Access to Trader.com Nightly Update. Hope everybody is doing well. Hope everybody had a good day of trading. A lot going on today as you can imagine between the Fed minutes, between earnings, between the video after the close. We'll get to those in a minute. But first, if you are brand new to the channel guys, thank you very much for tuning in. Welcome aboard. The only thing we ask is if you like the content and you enjoy the daily videos, all we ask is for a like, a like, share, and subscribe to the channel. All you have to do is just sit back, relax, and kind of dissect the information. So let's talk about the tape. Number one, market continues to act very, very well. Despite the red date, again, they use the word red. Maybe it's kind of tongue-in-cheek. Dow down 62 points. The Dow, S&P down 9. The NASDAQ down half of a percent or 84 points. You had a lot of retail numbers coming out this morning from names like AEO, right? AEO and Abercrombie and Fitch, which had a nice, really nice rebound turnaround. Best Buy, I could have told you Best Buy was going to miss their numbers. Stock didn't react that bad, but I could have told you Best Buy. I went to buy my kid's printer at Best Buy Saturday. It was around a quarter to 12. I was literally the only one in the store. And I was expecting, I don't remember the last time I bought a printer, but I was expected to pay, what, three, four hundred bucks. There was a printer there, I think it was a Hewlett Packard. It was marked down from like three twenty-five to a hundred bucks. So only one in the store, right? Only one in the store, a hundred bucks for a printer. I could have told you. So basically you're seeing the same thing. Look at Cole's numbers as well. Again, you can see Wall Street and Main Street are completely disconnected. Don't let the performance of the market, how strong the market is, kind of take away or kind of resemble what's going on in Main Street America. I believe they said that the average household income is like fifty-eight, sixty-thousand dollars. So tack on some inflation, high interest rates and all that stuff. You can see the retailer is not doing great, not doing great at all. That's why it's so amazing that Target actually had a very, very good quarter. It actually still looks really, really good consolidating its earnings. But again, weak retail sales continue to come out. We had the Fed minutes come out at two o'clock, and basically the Fed really gave no indication. With the market kind of tried to decipher from the last FOMC meeting that they were going to not only pause interest rate hikes, but they're going to start to take them down. Well, the Fed minutes read a little bit differently. Really no indication of a rate cut that is imminent. Market actually did not do anything. It actually did not give back anything on those Fed minutes and actually held up very, very well in the common denominator of what we've been seeing on any red days. And again, it hasn't been many red days in the last three weeks. But the common denominator that's still going on is we're still putting in higher lows. We never took out previous days' channel. This channel never took out this channel. This channel never took out this channel. So the market continues to do very, very well. Even news of Amazon, for example, and you see this at the open word came, I think of CNBC who reported that Jeff Bezos was selling, I think it was 1.7 million shares of the stock, whatever X amount of billions of dollars that is. Initially, the stock got hit. And then in true fashion, the stock rallied literally rallied about $3 off its lows. Again, very, very strong market. It doesn't make a difference what the news is, very, very strong. And the one name, the one name that we, if you watched the video last night, again, thank you very much for tuning in. If you watched the video last night, the first thing I said today at Morning Strategy, there's only one stock I want to trade to me. There's literally only one stock I want to trade because I'm getting a little bit tired. It's a day before a busy travel holiday. I'm kind of starting to get into holiday mode. Holiday mode. Like many of you guys, I am hosting Thanksgiving on Thursday. So I'm thinking, oh my God, my wife's going to give me a laundry list of things to do on Wednesday. You've got to clean. You've got to buy food. You've got to pick up food and this and that and the other thing. So it's a whole big thing. So it's kind of in just like one mode. And we talked about this last night in the video, the options market was dictating yesterday a big, big call buying coming in. And despite the weakness from the market, Tesla and we'll get to the pivots in a second. We'll literally pivot because this is literally the only trade I took today. It reclaimed the 50-day moving average. It had a really nice run. Give us a really, really awesome run right from the word go. Reclaimed the previous day's channel and just gave us like a five and a half dollar move. Literally in about, you know, seven to 10 minutes. Great movement. We still have a runner from the 238, 238 range. It's holding up here a little bit, holding up here a little bit. So we'll see what happens there. But it really does show you the importance of being prepared, the importance of, you know, in at least in my opinion, being familiarize yourself with a group or a group of stocks that he's could continuously trade over and over and over again. You know their personalities. You don't care what happens with the rest of the market as long as you are dialed in on the technical levels of certain stocks. And yesterday, we, you know, I think I made a pretty good case of what happens if they reclaimed the 50-day moving average. It did so today. Put up again nearly a $6 candle. And now let's see what happens. And what happens next on Tesla is if it can hold, right? If it can hold today's range for tomorrow. You see the top of the range here, guys? See the November 15 highs? This is literally the last supply zone, right? Literally the last supply zone. They are still coming very aggressively today for the 245, the 250s. We saw it 260s for next week. Guys, there's literally one hurdle left in this trade. Okay. Whether it comes tomorrow, it doesn't come at all. That's what she said. That's what I said. But the point is eventually, right? Eventually, if Tesla can get rid of this last supply zone right over here. Boy, oh boy, look how much room we have here. So next couple of days is going to be super and duper important for Tesla. I will definitely be adding more on the top of the range here because we have all aerospace. What all this was here was a channel break to the next channel. Channel break to the next channel. Now we have one channel left and hopefully Tesla could get really, really going. It's actually holding up here after hours. We'll get to the video in a second. But again, it was basically one and done. It was a Ben Simmons scenario. Maybe that's not the best example in the world, but you guys kind of get my point. So let's talk about the big story after hours. That is NVIDIA. Right? That is NVIDIA. NVIDIA, again, just to kind of rewind. And by the way, it came in long. It came in. I had a runner on NVIDIA yesterday. I had a $5 runner on NVIDIA yesterday, which I got stopped outbreak even today, but great trade yesterday on NVIDIA. But anyway, so NVIDIA has this big, big run, 150, 120 points off its lows. They came out with earnings. The numbers actually looked really good, right? They beat on top bottom line. I think the revenue trip, like everything was good. I mean, every single, I'm just reading it here. Like every single metric was beat. I think they guided higher like everything stock right now, right now, right now, literally right now. After going up first, then going down first stock right now. And right now it's five o'clock Eastern time. Okay. Stock is currently down about three points. Okay. It's about three points. You'll see the whole big mishmash here. It's only down three points, which is, again, it's going to change by the time you guys are going to be watching this video. By the time you guys watching this video, NVIDIA is either going to be like at 520 or it's going to be like at 460, right? Because the conference call is going to be in a little bit. And we're going to see the true reaction of NVIDIA after the conference call. So by the time you watch it, like I said, I'm guessing it's probably going to be like either 510 or 470. So again, I'm just recording the video now. I have to go drive my kids to basketball. But the point is we'll see what happens tomorrow. The good part about it is we know going into tomorrow's session, you know, I'm going to watch both sides, right? No matter what the conference call says, we're going to be ready for both sides tomorrow. You know, we have the bottom of the channel here, right? The bottom of the channel here, which represents the five-day moving average, which was a low from five, six days ago. And we're going to use the top of the range here that we saw after hours today. So something will give us a trade for tomorrow. At some point, it'll give us a trade to tomorrow. The question is, where is it going to be after the conference call to be determined? There's no reason to guess. We're prepared tomorrow. For the upside of the video, we're prepared tomorrow. For the downside of the video, all it just needs to confirm. Other than that, you know, other than that, market continues to be pretty healthy. Like I said, you know, NASDAQ continues just to grind higher no matter what's going on. Even in the initial reaction today, when the video went down initially 15 points, you know, stocks were down basically 50 cents of dollars. It really does show you how individualized is kind of the latest v-shape recovery bull market is. It's just super-duper explosive. And sellers are comfortable with levels. Again, can that change going into tomorrow's session? Absolutely, right? Absolutely. Again, we're trading day to day. We're trading trade for trade. Now nobody's trying to predict what's going to happen three weeks from now, let alone two days from now. We're just trying to win our interval for tomorrow. And again, if you look at a lot of names, you're not going to see explosive setups just because everything had such a big run. But you are seeing a lot of value going into tomorrow's sector in different sectors, right? Let me give you guys some ideas. Target, again, is holding up incredibly well, right? Really, really well. Doing incredibly well here. It just needs to take out earnings highs for this thing to start waking up. Look at AIG obviously in the financial space. Looking pretty good, right? Looking pretty good as well. A nice-looking chart on AIG. Again, AIG is not something that I'm going to trade, but again, to each his own. Who might have told you what looks bad or good? If the market kind of continues shakes off the video's earnings, look at Google, right? Look at Google. The only reason why Google stopped a couple of days ago was this linear regression line. This looks ready to go. But obviously, the one that, again, I want, again, I have a runner overnight from the 238 breakout. 238, excuse me, 238 reclaiming the 50-day moving average. Where I want to add is Tesla. I mean, that's the one I want to add, man. Again, I'm hoping it shakes off weakness. If there is any weakness in the morning and starts attacking this top of the range here, because boy, oh, boy, if we could, again, guys, if we can close above the 100-day SMA, look, guys, there's literally no supply until 285. Again, it's not going to get there one day, but boy, oh, boy, that's what you want to see. You want to see airspace. If you ever watched the PS60 workshop or been kind of in our webinar or anything, there's something called the Barry Sanders effect, which basically means if all you guys who are old football fans or not football fans at all, but there was one of the greatest running backs of all time was Barry Sanders. And he played on absolutely one of the worst offensive lines during that time with the Detroit Lions. And he would have a game, you know, one carry, two yards, two carries, five yards, three carries, nine yards. And then next thing you know, the hole would open just a little bit, and he would take it 80 yards to the house, right, to the touchdown. And that's exactly what Tesla's doing, right? Here it is. Here's your one carry, three, four yards, another carry, two yards, another carry, three yards. And here's your last line of defense. You just need that hole to open up here. And Mr. Barry Sanders is going to take it right to the house. We'll see. You know, we'll see. I hope it happens, but we will obviously be prepared. If nothing, obviously somebody's break, even as my stop for tomorrow. And if you look at, if you look at our watch list, and literally our watch list for this morning, I literally had one, two, three, four pivots, four pivots, three of them didn't confirm. This was the one right here. 237.40 needs to build. This was literally my only trade of the day. And honestly, what else do you need? You have nearly a $6 move in five, seven minutes. Again, this was the whole pivot, right? Here was the whole pivot. This one absolutely nuts. And this is the highest close in the whole formation. Hopefully Tesla does what I hope it's going to do in the next couple of days so we can get some pretty big airspace above us. Other than that, again, we're waiting for an NVIDIA's conference call. A lot of people are going to be off tomorrow. A lot of people are going to be traveling tomorrow. A day ahead of Thanksgiving. Again, we are closed on Thursday and is a half a day on Friday. So let's see how much value we have tomorrow. Obviously my focus continues to be Tesla and I'd like to see where we can get the value tomorrow on the video, whether it's long or short. Guys, have a great, great day. Have an awesome Wednesday. Have an awesome Thanksgiving in case you guys are off tomorrow. That's help. I'll see you all again tomorrow. Take care.