 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 AccessToTrader.com nightly wrap-up show where everybody is doing well. Just a couple of minutes to the closing bell. I usually record these videos after the markets close, but I have kids. They have high school basketball season and their games started a little earlier, so I try to get everything in. Let's talk about it. If you are brand new to the channel, guys, thank you very much for tuning in. We usually run this broadcast Monday through Wednesday, sometimes on Thursday, and on the weekend trying to give you guys the most unbiased view of the next trading day. Okay, so this is where we are, right? November 2021, we put in all-time highs. You can see that we've been talking about 408.71 now for the last three weeks, four weeks. It was just a matter of time that the market with this euphoric run-up, historical 2023 type of environment that we tested those all-time highs. And here we are, guys. Here we are. We are at all-time highs. We are literally closing 408.70s. And this really does kind of put the punctuation point and the period of what 2023 has been all about and potentially what could be coming up in the future. Do I believe the market has another 15, 20, 30% in it? Probably not, right? Probably not. Like we talk about all the time, all good things must come to an end. Every aggressive market usually does come to a rest. Not necessarily a screeching stop. I don't believe we probably have the same type of action going into 2024. But again, that's something we will talk about down the line when we get closer to the end of 2023. But the point is, it was a hell of a run, right? Absolutely hell of a run. Does it mean now that we are going to light it up for another two, three weeks? Hey, everything's possible, right? Absolutely everything's possible. Stocks make huge runs, then they rest, and then the money goes into other names. Those stocks have a big run, then they rest, then they go into other names. And it's been kind of like a rinse-repeat, rinse-repeat, rinse-repeat type of environment. And again, I feel like I've been sounding like an absolute broken record for the last month. But this is kind of where we are. We are in a bull market. I know a lot of you people that didn't participate in this whole bull run for whatever the reason was. Interest rates, inflation, your dog has chlamydia, who the hell knows, right? Everybody has an excuse, so I get it, right? I get it. Every single time a person would participate in any capacity in this rally, here's the market at all time highs. It's not the greatest feeling in the world, because there's a good chance if you didn't participate in this market run-up, well, you probably sat on your hands for 2022 because while cash is a position, and we all know how incredible the market was to the downside in 2022. So at some point, you've got to figure out what's your role in the market? What's your vision for your career? What's your vision health for the next day? What's your process going to be? What's your short-term thinking? What's your long-term thinking? What's your approach if the market does go down in 2024? What's your approach if the market continues to rally? Again, at some point, excuses, it's like asses, right? Everybody has one. Nobody cares about excuses. The world, guys, always remember this, especially for you new folks, just starting your investment journey, or your life journey in general, everybody has their own problems, right? Everybody has their own issues. The world doesn't care about your labor paints, right? The world does not care about the labor paints. The world just wants to see the baby, right? That's it. We don't care about excuses. We want results. This is a result-driven business. You're either able to identify the trend and try to maximize your potential in that trade, or you could sit there and find 3,046 excuses that you didn't. And it's okay if you didn't, but the point is the market's going to do what the market's going to do, regardless of what you think is going to happen. We've been talking about this for pretty much this whole year. Again, trade the market you have, not the market you want. I hear every day people talking about the market's going to crash, the market's going to crash, new slash, the market crashed last year, not last year anymore, right? So the point is going into this year, new year, guys, again, put yourself in a position of common sense, put yourself in a position of strength, and definitely put yourself in a position of the market that is right there for you, whether it's good, bad, or indifferent. The market doesn't care what you think. It sure as hell doesn't care what I think. The point is the market's going to do what it gots to do, right? And what's loved gots to do with it? We don't know yet, and that's what 2024 is all about. Other than that, again, the same usual suspects, right? Same usual suspects. We've been talking about meta for three days. You know, this is a monthly chart. Here's the daily chart. We've been talking about meta for three days when it broke out. Meta continues to break out. Netflix has been out of its mind, right? Netflix has been out of its mind. Tesla, which I still have a 10% runner from this 247 level. Stock is 10 points higher. Is it possible it finally reclaims its next channel here and starts going up on air? Yeah, absolutely. Let's look at the option flow real quick on Tesla. You could see what they're betting, right? You could see they're betting. They're betting the January 5 expiration, 262.50s, 267.50s. I saw they were coming for this year. The end of January 260 calls, somebody snuck in a bet here, 887,000. Tesla continues to look really, really good. I mean, looking names, for example, like Shopify, right? Shopify continues, right? Has this magical run continues to go higher? Amazon had a little bit of a rest today after yesterday's magnificent run continues to act well. AMD had this phenomenal, phenomenal run added another dollar and changed there today. And names like Microsoft, right? Microsoft has been quiet for the last couple of days. But boy, oh boy, look how tight this thing is getting, right guys? Look how tight Microsoft is getting here for the next couple of days. Microsoft gets out of this tight, tight channel here. The market flow is going to, the way that the market's been trading, the money flow is going to go into Microsoft. Look at the option flow, right? Look at the option flow on Microsoft. You know, they were coming today for the January 380 calls, 1.1 million. Another 380 calls, 640,000. 372.50s, 377.50 weeklies. You know, Microsoft is on deck. This one looks like it's the next one to go. The next one, money rotation into. Look at Apple, right? Apple right now is hugging back the 5-day moving average. It keeps on getting rejected off the 5-day. Hey, if the money flow comes back into Apple, and let's look at the Apple option flow today, right? If the money flow comes back into Apple the next couple of days, right? Then you have a scenario. Look, they were coming for the 200 weeklies, 1.9750 weeklies. If the money flow comes back and reclaims the 5-day moving average, you know, this thing's going to wake up again. You know, look at even names like, you know, look at the names like Deer, right? Look at a name like Deer. Deer had this phenomenal run, right? Phenomenal 2-day run, consolidated, woke up today. If Deer starts reclaiming back last week's highs, Deer is going to wake back again. So there's a lot of things going on. The idea that, you know, the idea that the market was only run up by a handful of stocks, I think, you know, that kind of went out the window. Even the video, right? I'll give you an example today, right? Even the video. So the video, yes, they had this phenomenal run. We caught a pretty nice move into the close on the video, and there was a report came out from a company in the name of Edgewater Research. First of all, Edgewater. Every time I hear Edgewater, I think of a bagel store, right? Edgewater is in Northern New Jersey. It's in Monmouth, no way. It's in Northern New Jersey. I think of it as like a bagel shop, right? So Edgewater Research came out on a negative note today on NVIDIA. So I had a decent profit yesterday on NVIDIA. I gave it all back this morning. I was actually sitting here, and the video was up like $1.50, $1.70 pre-market, and then this note came out, and I just watched the stock go down $5. So I wound up literally having a small net loss on the video from yesterday, but that's okay. You know, we bought it back on the five-day bounce, and the damn thing bounced four and a half, $5 off the bounce. And look, that candle turned green. And that's the point of this market. The candle turned green. That means the close was higher than the open, and that means is the stock still, no matter that it was down a little bit less than about 1% today, is only a dollar away from the highs of the day versus $7 from the low of the day. And it really does show you that buyers are still there. They're still buying dips, and they keep on rotating into different names. So going into tomorrow, now that we have the official highest close of all time on the NASDAQ 100 40915 market down, this is the highest close. Now you know where you were, when you had the highest close and the whole formation, the NASDAQ, could we rally into the end of the year? Absolutely. Is it possible we turn around and say, this is it? Now we're going to swan dive. Everything's on the table. But make sure, guys, prepare for every single day. Put yourself in a situation that you're in control of the market. The market's not open for you to have a casino. That's what Las Vegas, that's what the Caribbean's for. That's what Atlantic City is for. You know, this is what betting on DraftKings and Fandals for. This is the stock market. This is where professionals sit there and wait and wait and wait until amateurs put their feet out and then they chop them off because that's what professionals do. They're snipers, right? Professional traders are there doing this 10, 15, 20, 30 years. They're not sitting there for a 20 cent scalp. They're looking at the market as a whole, not the sum of the parts, not the ins and outs of any single random day at a particular. And if you look what the NASDAQ 100 did and ever since it got and reclaimed the 50 day moving average, it's been absolute just craziness for 2024 and it really does show you guys. Just put this on your sticky pad for the rest of your investment career. Above the 50 day moving average is a green light. That's all it is. Below the 50 day moving average is a red light. Don't believe me. Go back to 2022. We spent 85% of the days underneath the 50 day moving average. That's a red light. And this year we spent literally about 90% above the 50 day moving average. That's a green light and that's called risk on. So going into tomorrow, trade by trade basis, case by case basis. Let me give you guys a couple of names that I am definitely liking for tomorrow. Again, like I said, I'm watching Apple. I'm watching Apple potentially reclaiming back the five day. I'm watching Microsoft. Okay. I'm watching Microsoft reclaiming potentially back the 20 day moving average. Tesla again, I'm looking to add at some point. I only got a 10% runner. Again, they're coming still with sizable bets for short term expiration on Tesla. I'd like to add somewhere either rising support on the five day or above the previous day's channel, but this thing looks higher and they're continuing to bet. They are continuing to bet into the options market, short term expiration. If you look at the option flow here again, 262.50s, 262.50s, 262.50s for the first week of January. So market continues to be strong. The dips are continuing to work. Again, is this going to last forever? No. No, eventually it will end and when it's going to end, it's going to end very aggressively. But when it does, it's going to give us super opportunities to the downside. Quickly, let's look at some of the pivots today. Again, you don't need to be creative in this tape. Chewie, if it opens below 22.30, use that area that not, if it needs to confirm the pre-market highs. Chewie got an upgrade today. 22.80 needs to build. Here was Chewie, right? Here was Chewie. It took out the pre-market highs. You'll see it here, right? So here was the whole pre-market high right here. It took it out 22.80s and Chewie went ballistic. Chewie threw the shorts. Osh is. Right? So that was good. Again, 408, this is, you know, the market was strong. 408.71 initially got rejected. If you guys remember, before you guys took the train in the webinar, it got rejected. It went down a dollar and the bulls swallowed up that dip and went higher. Microsoft never confirmed. Meta went, not again, right? 347.50 needs to build. Meta went all the way to 353.60. NVIDIA did not shake off the, you know, the negative note on Edgewater. We caught a great, great bounce off the five-day moving average. And I believe that is, oh no, that's not it. I'm sorry. Shopify 78 needs to build. Here was Shopify. Shopify had a nice little run today. 78 needs to build when almost to, when exactly at the 80. That was a nice little move there. ONON 3150, only went to 32, but nice little pop there. And I believe that is it. So that's it, guys. That's it. Market continues to do well. Hopefully you guys are continuing to do well. Hopefully we continue to do well in the future. Happy, healthy, and most important, solvent if you are having any aspirations of a long-term trading career. Guys, God bless. I will see you all tomorrow. Take care.