 especially in a bull market, you don't short into the hole. It's, you know, again, if you've been watching this broadcast for a long, long time, it's one of the biggest no-no's. 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 TheAxisToTrader.com. Nightly wrap-up show. Hope everybody is doing well. Hope everybody ever had a good day of trading. I got a couple of minutes, and then I have to go to my son's high school basketball game. So hopefully we can talk about some things. So before we get started, as normal, guys, we do really appreciate your contributions, your input. More important, your support. If you can be so kindly like, share, and for all you body who is new to this channel, please subscribe to get updated when we are going upload, right? I think that's the best way of saying it. Social Media Dan is in the house. So let's talk about the tape. Again, classic bull market action. We'll use the NASDAQ 100 or the QQQs as a point of reference. Again, this is exactly what bull market actions are. You have violent moves, especially after a reclaiming of the 50-day moving average. You go up three, four days. You'll have a swift reversal like we did see on January the 18 to hold back the 50-day to reclaim it and start again. And you'll have a lot of days that you're going to see very, very aggressive runs followed by inside days. And that's exactly what we saw today, right? After 200, after two consecutive days of 200 plus points in the NASDAQ, we finally rested today. NASDAQ did incredibly well. Forget about the scoreboard. That was up 100 today. We really don't care about the Dow. The S&P down three points and the NASDAQ down 30. That's a beautiful, beautiful inside day because it really shows you the strength of the market and anybody who shorted the market today at the open once they saw news of AMD got downgraded. It's going to bring down this. It's going to bring down that. The only thing it's going to bring down is your P&L. And unfortunately, your net equity, because again, especially in a bull market, you don't short into the hole. Again, if you've been watching this broadcast for a long, long time, it's one of the biggest no-nos, especially in a bull market, especially after two consecutive days of aggressive buying. They're just going to come and swoop by. And anything that is rising 60-minute support, that's what's going to happen. So anything that was super strong over the last couple of days is going to get bit up, is going to get defended. So for example, Tesla today, right? Tesla had a great run. Here was your day two. Here's exactly what I'm talking about, right? So Tesla gapped down about, you know, three points or so right into rising support. These are all fake wicks. And a lot of you guys are going to see a lot of fake wicks today on all your charts. Apparently, the New York Stock Exchange had a lot of issues opening a lot of their securities, like 20, 30 stocks that were halted, volatility halted at the same time. And it kind of affected the Prince on a lot of NASDAQ names as well. So if you're seeing a lot of these weird prints, I can assure you Tesla never got down to 134, but you'll see a lot of these wicks on your charts. Hopefully they'll clean them up by tomorrow across all platforms. But you can see what I'm talking about, right? They trapped the shorts right at the bottom of the range. So you see this whole rising wedge? That's the whole point of the rising support. It trapped Tesla when the green ran up about $3. Same thing that happened in NVIDIA, right? NVIDIA had a monster, monster move yesterday. It did exactly the same thing. Again, just follow this brown line, right? It touched here yesterday. It touched here again, trapped when red to green. And the video was at one point up $2, $2.5 on the day before kind of before itself and Tesla kind of rested, you know, up 50 cents up 17 cents respectively. But more important is we are starting to get into the earnings season, right? We're starting to get into the sweet spot of the earnings season. Last week you had Netflix come out with earnings. Again, the whole big thing they missed, but they're subscribers, it doesn't matter. In a bull market, a lot of things get negated. A lot of things get thrown onto the rug and sentiment sometimes takes over. So unless the company's going to turn around and say chapter 11, chapter 11, they're going to negate, right? They're going to negate, right? They're going to negate and the sentiment is going to take the stock higher. And if you see what's going on today with Microsoft after the close, right? You have a nice little pop. Well, not more than a little pop. You got a 4% rise in Microsoft. Does it make a difference what they said? What else here? Microsoft beats on earnings. Cloud units shows growth strength. And that's the key word, crowd. Cloud unit shows growth strength. And not only does that affect Microsoft, it affects names like Amazon, right? Amazon is kind of giving you a little bit of a preview of what might happen next week when they report. Obviously, Amazon makes a good chunk of money from their Amazon web services. So this is a pretty good, or at least a sneak peek of what its quarter could look like as well. And not only Amazon, you have the other traditional cloud names. You got Snow getting a bump, CrowdSource, all these names, right? All these names getting a little bit bump after the close. So the most important thing is, is this going to spill over and carry over to tomorrow? And again, if you are a big believer in technical analysis, you kind of see where the cues are. If you see where the cues are trading after the close, they're trading right at the previous day's highs. You see that? This 90-21 area, right? So they're trading right at this 90-21 area. So if the cues tomorrow can start reclaiming and start building over that 90-21 area, then you have a potential move going all the way up to the December 13 highs of 296, 297. Look, are you going to get some bumps in the road here and there in the market? Absolutely. Like I said all the time, you're not going to go straight up. Every stock no matter how strong it is, it's not going to go straight up. But the whole theme, right? The whole mantra of the market is strength, strength, strength, pullback, strength, strength, pullback, off and on, off and on, off and on. Tomorrow, obviously, the big name, at least for us who trade beta is Tesla. Tesla has been behaving incredible, absolutely incredible for the last three days. You saw every single level get taken out today. They priced improved. They bought the channel. They bought the dip. They took out the previous days high. This high is closing, this whole formation. Again, we are seeing pretty big bets coming in on Tesla. Again, nobody knows, right? I don't know what's going to happen on Tesla. The same way, I didn't know what's going to happen on Microsoft. I didn't know this, I don't know that. It's just guessing. You could sit there and dissect the company with a fine-toothed cone. You could have the information. You could literally have the earnings right in front of you. You just still don't know how the stock is going to react based on the bullish activity. You could turn around the Tesla, on Apple, on AMD, on Google, on Amazon, and everything else in between. Say, I'm betting on the upside. I'm betting on the upside. And eventually, if you kind of separate all the winners and losers and we're still in a bullish sentiment, still continuing to build above the 50-day moving average, you're probably going to hit on more stocks beating numbers than missing. But the most important part is the price action. You could have a stock that misses on top, misses on bottom, and have a 20-25% rally the next day, and vice versa. You could have a stock that beats the top and bottom lines and go down 15%, 10%. So it's all about price action. That's the most important thing. So before tomorrow, you sit there for six hours debating with Joe Blow at Omdebezdrater.com for six hours, whether Tesla's going to go to zero. It's going to go to the moon. Just realize, number one, nobody cares. You're wasting your time. You should really allocate your time to kind of making yourself a better trader, a better human being, or just kind of really allocate some time or just get a hobby because you have way too much time in your hands if you are fighting with random people online of an event that you have no control of, that you have an opinion like everybody else, but absolutely have zero idea what the absolute outcome is going to be. We'll see, right? The options market right now is betting the 150s, the 155s, the 160s. We will see if Tesla by the same time tomorrow will have a really, really good effect and start testing the top of the channel here or is Elon Musk going to pull one of those scenarios that, you know what? I don't know. I don't know how great this quarter is. And next thing you know, we're having this conversation below 120 again. Again, we have no idea, but the only thing we could do is get ready. The most intriguing part I think about today's trading session was the same thing over and over again. You have strong stocks, despite the weakness yesterday, right? Excuse me, despite the weakness this morning, they were perking up really, really well. Again, we talked about in the video, we talked about Tesla. We talked about even names like NET, right? Even names like NET that we talked about last night on the video. I mean, look at the move here on the 60 minute channel right off the open. I mean, you had a big, big pop before it sold off. Now again, it's still getting the aftershock of Microsoft's earnings. You have a lot of really nice moves and that's what an orderly bull market is. I think the biggest problem, especially a lot of new traders, you've never seen both a bear and a bull market. So when you go through a whole year of stocks being sold, sold, sold, sold, sold, sold, you're skeptical over everything. Stock goes up more than one day. It's like, oh, this won't last. The market's overbought. How can the market be overbought, right? Again, it's another scenario. How can the market be overbought if we're three days into reclaiming the 50 day moving average? It's the same time as when somebody said to me, we closed below the August lows here in the 50 day, the market's oversold. How can we be oversold if you have a range 30 points lower? So just guys, just remember, take it day by day, trade by trade. You don't need to be smart, right? I have an old saying that I've been saying for years. You don't gotta be the smartest trader in the room. You don't gotta be the best trader in the movie. Just don't be the dumbest, right? Don't be the dumbest. Don't try to oppose your, put your will on somebody else. Try to convince somebody. Trade the stocks you feel comfortable with. Trade the stocks you know and love and respect and they love and respect you back and everything will be okay. Is every single stock beating numbers tonight? No, you got Texas Instruments. You got Texas Instruments. Kind of a flat muted reaction. You can see here stock is flat after the close and ISRG that usually does have some pretty good quarters, not so much this time, right? Not so much this time as well. So the most important thing that I'm taking out of this session was, we had some pretty good action, especially off the open. Again, Vidya, Tesla, NET, even a stock, Mara for God's sake, right? Even Mara, you know, here's a term on an interesting stock. They came for the stock right around here in the 880s. They were coming for the January 4th. They were coming for the March 15 calls. All they were expecting to do at one or after another was literally almost double in about two months. And the stock had a nice 60, 70 cent pop before the stock kind of came in a little bit. But that's what the market is. It's still driven by speculation money. It's still driven by option flow. And the most important part is it's still driven by bullish sentiment. Will Tesla disappoint? Will Tesla continue this bull parade tomorrow to be continued, right? Everybody have a great night. God bless. Again, for all you guys who are interested in trading pivots, again, guys, there's a link below. I'm sure Kyler posted every night, test drive the webinar for 30 days. It's pretty cool, man. The pivots are pretty cool. You just need to believe in technical analysis. You need to have a pair of eyes, right? To kind of see all the price action. And the most important thing is you have to open up and try to be embraced technical analysis. And that's the number one rule. Guys, have a great night. God bless and I will see you all tomorrow. Take care.