 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 TheAxonsTrader.com, a nightly wrap and show. Happy Tuesday everybody. Good morning, good evening, good afternoon, good night. Wherever you are in the world, thank you very much for joining us. If you are brand new, kindly like, share, subscribe, right? Come aboard. Come aboard the nightly updates. We'll give you a pretty unbiased take of what the market is doing on a day by day, night to night kind of basis. So we talked about it on the video over the weekend. Usually, like I said on the weekend video, usually when we see a big distribution followed by a reclaiming of the five-day moving average, you know, it automatically be bullish, but the ping-pong match continues. It's really amazing how long we've been going. It's probably about three weeks going on a full month now that we just can't follow through in that direction. We lose the 50-day moving average. We go down a couple of days, which is fine. The price actually correlates. The research, that's cool. The market reclaims the 50-day. We go up a couple of days and the market comes back in. And that's exactly what's exactly what's been going on here. And it's kind of getting a little bit older. That's why I said going into today's session, you know, I don't have any strong feelings one way or another because we've been seeing this ping-pong match happening now for almost a month. That's exactly what happened again today. Today's catalyst was Oracle. You know, Oracle had a really great run, had a great, great, you know, big move in 2023, like a lot of technology names. They came out earnings. Their guidance wasn't great. And guess what happens to any stock that is moving higher and then earnings foo pa happens, right? It takes a dump on itself. That's exactly what happened. Oracle got hit pretty aggressively. And in the meantime, that all these software stocks, well, they got taken down with it. I mean, look at Microsoft. Microsoft had a fantastic two-day run and it basically gave that back up in one session. So the market, again, is just one of those situations that the interval will eventually play itself out. But that's why we always talk about, and I always harp upon, play the next day, right? It will play. What do you think is going to happen three weeks from now or three years from now? Play the next day. And as traders, the funny thing is I tweeted this out a little while ago. I would say, and this is, you know, I would say this is pretty accurate. This is kind of what I tweeted out. 90% of all my trades are based on the previous night's research. For example, if I'm looking at Tesla, like we talked about yesterday, like we talked about yesterday on the video to potentially confirm today's channel, which it did. It went up about three and a half points and then obviously everything reversed. But, you know, 90% of all my trades are based on the previous night's research. The other 5%, another 5% is stocks that were on my research but did not confirm the next night or the next day, excuse me. And the last 5% are stocks that are coming out with very, very aggressive short-term exploration, option flow out of the money. And, you know, I'll trade them, you know, I'll trade them as well. And the moral of that story is I don't prostitute my money. I'm not looking actively for trades. The trades that we're doing and occupying our attention span are trades that we're basically looking for from the previous night's research. And if they do confirm, that's great because the worst thing you can do is just start trading random stocks because you think you know where the stock is going to go. It's a very, very, very, it's a very big area of concern for developing new traders because when they don't see something that is developing in front of their eyes or they're ready for, they start reaching, right? They start reaching for trades that are not there and instead of waiting for your A, A plus, even A minus setups, your grass room for F letter setups, you know, G letter setups, you know, guys, the market will always be there. Always remember, you know, you're always playing research, you're always playing premium, or you're not playing at all. The last thing you want to do is set yourself in a situation and put your career into motion that you're trading because the market's open. Okay, today was some really good value, right? We caught Tesla, a lot of us came in low overnight, but we caught Tesla especially off the previous day's range. This IONQ that we talked about, remember we talked about this last day in the video, right? Above the review, it finally broke out. It was about a buck and change at one point. You had in the video shaking off a very small area there. So we were definitely ready for the day and the coolest part about today's session was we were pretty much done in the first, you know, 40 minutes of the day just because everything else was just kind of just bouncing all over the place. Go green, go rain, go green. And that's a product of a market that just can't find its footing. The good news is we continue, at least for now, continue to close above the 50-day moving average. Again, guys, this 372 area is, you know, you're lying in the sand, right? As long as the bulls continue to close above 372, we're okay. That area we talked about last night on the video, 377.63, as you can see, never got there. So here's our channels going into the rest of the week. 377.63 to the upside of the queues and 372 to the downside of the queues. So, I mean, that's your channels. And if you are sitting there and there's nothing else going on in between, there's just one big, you know, one big pillow fight. Just leave it alone. Leave it alone until your research gets confirmed. Leave it alone until one of your alerts get confirmed. So what I do every single night, what I do is I set alerts, right? I set alerts to reminder of myself. And, you know, if the stock doesn't confirm today, maybe it'll confirm tomorrow. It'll confirm, you know, maybe it'll confirm three weeks from now, but the point is always be ready and then you're not reaching. You don't find yourself reaching. You're finding yourself based on your previous weeks or previous nights research that falls into your lap when you're least expecting. And you know it's technical, right? You know, technically, the stock is ready to go. Another big issue today was Apple alongside with Oracle who guided lower, took down the software and the rest of the tech space while you had Apple, right? They were coming in for, they were coming in for people ready for the iPhone event. Okay. Another iPhone, right? Another iPhone. Fantastic. You could spend another $8 million on another iPhone that nobody could afford, that, you know, majority of people can't afford and inflation has gone up, but they need to have their $15 iPhone, which is exactly the same phone as it was the last eight times, right? I have the iPhone 12. The only reason I even upgraded from the iPhone 12, I had an iPhone 7, right? I'm not a big technology guy, but I had the iPhone 7. And the only reason I upgraded to the recent, not the recent version of the iPhone 12 a couple of years ago because my phone dropped, the microprocessor cracked and my half of my screen was dark. So I had to do it. But other than that, there's no difference between the phone that I have with my daughter's iPhone 14 that she's got for her birthday. So the moral of the story is the market didn't like the event and they sold it right off, right? They sold it right off. It was a pretty aggressive sell off, sell the news. I don't think anybody bought into that news considering how the market was reacting down 1% on the day. But again, it really is showing you that there are still a buyer strikes on a lot of names that are just not performing or lost their supply zones or demand zones and they just can't recover and they're just punishing stocks that just can't reclaim the previous days of the previous week's channels. And that's exactly what we've been doing now for the majority of the last three and a half, four weeks. Is there a good opportunity every single day? Yeah, for the most part, there's some really good opportunity, right? So again, for this week, I'm still watching the video, right? I'm still watching the video. I think it's buying time here. Guys, continue to watch this channel. Like I said in the weekend video, continue to watch this channel. They start losing the bottom range here, man. This thing is going to get hit. This thing looks really good. Look at a name like Nike. Nike we discussed. I actually started a position this morning on Nike. I wouldn't say squeeze me back. It was a starter position, lost about 40 something cents into this thing, got back into this thing closer to the close. This is the lowest close in this whole formation. Keep an eye on this Nike, guys. If this thing starts building back, this thing starts confirming taste. This channel starts losing 96. This thing can get hit. Look at a name like H-L-I-T. Another name we talked about over the weekend update. This is the lowest close now in this whole formation. It looks good, right? It looks good. If this thing starts confirming, it gets below this Bollinger Band. Again, is it going to be like a Tesla move? Of course, though. But the point is it'll start trickling down and have a multi-day, maybe even multi-week move down. Look at a name like Amber Ella, right? I love these. I continue to love these earnings low plays. Maybe it doesn't confirm tomorrow, but that's the point. Go on your alerts, whatever how you set your alerts. Here's my Amber Ella alert. Put an alert. Maybe it confirms tomorrow. Maybe it confirms next week. Maybe it doesn't confirm. But again, be ready on your research. Not some random thing that you're trying to pop up off of a filter that has no edge. But keep an eye on Amber Ella. It's another name that looks pretty good. Again, the question is, does it confirm tomorrow? Does it confirm this week? We don't know. But that looks really good as well. AMD, just like NVIDIA, right? AMD, just like NVIDIA. We talked about this bottom channel a couple of days ago, like lower. It held the bottom here today in the last two days, exactly the same area. If there's more weakness tomorrow on technology, keep an eye on this thing for a potential to move lower. Look at Hertz, right? Look at alerts. Look at alerts. Hertz, right? You have a multi-month channel developing to the downside potential. Keep an eye on this thing. And I know it sounds like I'm bearish going into tomorrow. It's not that I'm bearish. But again, when you have a 1% move to the downside, every stock that you're watching that has a strong chart, obviously it's not anywhere near the upper channel. So Amazon, right? I still love the chart on Amazon. But is Amazon ready for tomorrow? Maybe, right? We got the CPI coming out tomorrow. Maybe the inflation data will get Amazon going where it has to go. But it didn't confirm yet. So I think the market's action tomorrow is definitely going to be heavily predicated on the CPI. Can the bulls start reclaiming back yesterday's levels? We'll see, right? We'll see. Are these stocks that we talked about poised to go lower on a crappy reading by the CPI? Again, we shall cease at the blind man. We don't know. We can't guess, right? The only thing we could do is be prepared. Tesla, for example, had a pretty good move today, washed out today, trap shorts on the bottom range, ripped it back up, took out yesterday's channel, went up another $3.5. Beautiful move today. Congratulations for you guys who had it overnight or even took it today on the dip or took it today on yesterday's channel. But even Tesla, right? Tesla probably does need one or two days now to kind of go sideways. It's not imminent now to take out the top of this channel here in July. So the point is it's not that I'm bearish, right? I'm not bearish whatsoever going into tomorrow. I am just prepared to the downside just in case, right? Just in case the market doesn't like the inflationary data. But again, to the upside, I'm still watching Amazon. I'm still watching Tesla. I'm still watching everything that we've been talking about that hasn't confirmed yet. But the most important part is that the general, please stay prepared, be prepared and stay safe. Guys, God bless everybody. Have a great night, folks, and I will see you all tomorrow. Take care.