 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, doing your buddy. Welcome to another edition of theaccessitrader.com. Nightly wrap up show. Happy Monday everybody. Everybody had, again, a great Easter weekend. I hope everybody had a good trading session today. Again, if you are brand new to the channel, please like, subscribe. Definitely come aboard. You know, we broadcast from this video goes out Monday through Wednesday. And again, on the weekends, trying to, again, take a day by day and find the most bait, you know, try to find the best value in the most unbiased sort of way through technical analysis. So let's talk about this, right? We talked about on the video, on the weekend video, the importance of two levels, right? We had 319 to the upside on the Qs. We had 313 to the downside of the Qs. And you can see here, we're getting very, very tight, right? Something's going to give here. You know, we had a few questions that we had to answer going into this long weekend. Number one, how was the market going to react to the jobs number? If you guys remember, 236,000 jobs were created. Again, was there really a big reaction to this number? Once the future started trading Sunday night? Probably not, right? It was up a little bit. Features are down a little bit. Not really a heavy dose of significance there. We also had to deal with, if you guys remember, I was talking about the Samsung numbers, right? Samsung came out with earnings like 96% of, there was a big plunge in earnings. They were cutting the output production of chips. The other question was, well, how was the market, right? How are these chips and Apple and NVIDIA and all these AMDs of the world? How are they going to react to this news, right? We got the answer to that as well. So it's super important to really start thinking within the line. Sometimes people start thinking outside the box and they start to get a little bit ahead of themselves and they start overthinking and anticipating. Sometimes you just have to think inside the box. And inside the box you're trying to really rationalize the news that's literally in front of you. So not only did we have to kind of digest the jobs number, the market had to kind of digest the Samsung earnings. Then we had to come out with a new round of headlines that China is apparently surrounding Taiwan, right? They had like 12 warships and just a bad, bad situation there. And the question was, well, how is the market going to react? So you woke up this morning that you saw the futures down a little bit, then they escalated a little bit more towards the open. You said, well, that's it. Now they're going to start going back to the bottom of the channel. And to the bull's credit, and again, correct me if you heard this before, the market continues to discount bad news or news that is deemed to be not positive. And you saw that the semiconductors right from the word go, that was the first group to, there was an elite hire, right? The group that was most affected by a potential Chinese-Taiwanese interaction. Again, because remember where all these chips made, right? So that wouldn't have helped. The Samsung production cuts, that wouldn't have helped. And when you look up in the morning, you've got NVIDIA just exploded, right? We talked about NVIDIA in the weekend update, NVIDIA exploded. AMD exploded. So the point is, again, I think a lot of traders, especially new traders, they try to view the market as a rational place of doing business. It's not, it's completely irrational. Everything that you think is normal is not normal. Again, pandemic 2020, locked down for two weeks. We should have went to hell in a handbasket. We were all-time highs two months later. Again, forget about the word rational. Let's talk about and really put together a thesis based on price action. So today, if you saw three pieces, three separate pieces of bad news being engulfed, that's not a bad thing, right? Who knows where the market's going to be tomorrow? We could be having this conversation, NASA down a thousand. But the point is, you take the phase value. You're thinking inside the lines of the data that you're getting, not what you think is going to happen. That's outside the lines, right? You start thinking inside the lines. You start looking at the production, right? You start looking at the production of news flow coming in and how the market reacts. If the market continues to react positive on negative news, that's the only thing you have to work for. Again, I understand creativity and all that stuff. But sometimes on the surface, the market is really screaming at you, hey, you don't need to be creative. Look what's happening right now, right? Look what's happening right now. You don't need to be creative and trade based on the market that you have, not the market that you think that you want. So this is where we are going into tomorrow, guys. Remember, 319 is the key level. That's all it is. That's all you need to remember. If you are contemplating a short position, watch that 319 level. Because if the bulls start reclaiming that 319 level on the cues, and we start building 319, because you can see here, three days in a row, we got rejected off the five-day moving average. If the bulls finally reclaim that 319, yeah, we're going to, you know, this high probability we're going to start testing back last week's highs of nearly 322 and start moving higher as well. Here's where I play doubles advocate though, right? Because again, I don't trade or get prepared for the next day with rose-colored glasses. Everything what I just said was super duper bullish, right? Negating bad news. The groups that were affected the most led the market higher today. Here's where it gets a little bit sticky. And again, I'm putting this a little bit on the back burner, a little bit in the back of my mind, but at least I know it's out there. I'm conscious of that as well. All the stuff that I just said was super duper bullish, right? But here's the problem. The NASDAQ, the QQQs, after everything I just said, has still put in three days in a row of lower highs. You see that? High, lower high, lower high. That's the curveball. And that's exactly what you have to do as a trader. You always try to play doubles advocate, no matter how much you are biased in that one direction. Always remember there's underlying things that can always derail your potential day the next day. And that's the only thing that I don't like. I am willing to give the bulls the benefit of the doubt tomorrow, especially in the technology space. So again, guys, this 319 level, super duper bullish. If we start the build, good things are going to happen. Obviously, I really like the video tomorrow. Again, we talked about this little mini channel that I got above this weekend. Closed above the five-day moving average. That's super duper bullish. Obviously, in the video for tomorrow, any dip in the morning should be bought into the rising 60-minute support. Or if it starts taking out today's channels, they will coming in for the 280, 285, and 290s, all-short-term expiration for either the weeklies or for next week. Super duper flow there in the options market. AMD, again, same thing as in the video. Choose your drug of choice. One's a $200 stock. One's a $95 stock. But the point is they both reclaimed back the five and the 10-day moving average. Same notes on AMD. It needs to confirm now the 10-day. If AMD starts confirming the 10-day moving average, it's going to wake up as well. Look at these Bitcoin names. Usually, they're not names I would turn around, but Bitcoin, from what I hear, is starting to do well again, right? Riot today broke out. Congratulations for all you guys who took this in the webinar off this 10-10 area. Guys, look at Mara. Look at Mara. Look how tight Mara's getting. Look at this channel here of Mara. If Mara starts getting above this whole channel tomorrow, man, this thing could wake up as well. So again, for all you guys who track Bitcoin, again, Bitcoin's not really my thing. For all you guys who track Bitcoin, keep an eye on Mara tomorrow, especially if Riot continues to go strong. Mara could catch up right with it. It looks absolutely fantastic. A washout into the 16-minute support and both of those stocks look very, very good. And if they start reclaiming back today's channels, maybe you could get a second-day run. So sometimes, again, guys, like I said, you could put a lot of thought into your next day's process. Today, we got some pretty good answers to questions that we had over the weekend. And now the question is going into tomorrow's sessions, can the bulls reclaim the five-day moving average on the Qs? And if they do so, how much can they stretch? Guys, have a great night, everybody. God bless. I got to take my son to practice. And with God's willing, I will see you all tomorrow. Take care.