 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 up everybody is doing well. If you are brand new to the channel guys, welcome or thank you very much for sharing a few minutes of your day to listen in at some guy who's is randomly trading for nearly a quarter of a century with some thoughts of the markets. Hey everybody is doing well. Before we get started again 9-11, it feels like it was so long ago. And if you blink an eye, you really realize how quick life goes by 9-11, 2001, 22 years ago feels like it was two weeks ago. This is an incredibly somber day of just a lot of sadness, a lot of innocent loss, and a day like this is very, very tough on everybody, everybody, especially United States, especially the tri-state area, remember is exactly where they were on that day. I, for example, again, if you've been watching this broadcast for years to keep on hearing me say the same story, I literally started my first branch of Carl and financial generic trading in August 2001 and 9-11 came a couple of months after. So I remember exactly where I was, with who I was, exactly what happened. So it's a very, very sad day and it will always be a very, very important day in all American lives. So if you have a loved one, if you have them around, if you don't have them around, say a prayer for them, love them, kiss them, tell them you love them, because again, life goes by just like that. And sometimes you have to really take a step back to really appreciate what you have. So let's talk about the market, right? Tell me if you've heard this before, right? Tell me if you heard this before in the last three weeks. The NASDAQ 100 has reclaimed back the 50-day moving average, right? Yeah, we've been seeing this now on and off now for the last three weeks. In the first couple of weeks, it was very, very exciting. Look at this move. The bulls are back. They're reclaiming back the 50-day moving average. Everything's going great and the next day you turn around and you go, what the hell happened there? And I go, I don't know what happened. We just lost back the 50-day moving average. So on the surface today, we had a really strong rally. We'll get to the pivots in a second. We'll go through the names that we talked about on the weekend update and how where the pivots played out so you guys could kind of follow along at home. But we've seen this before and I would love to get 100% excited for tomorrow. There's some phenomenal setups for tomorrow in the mega cap space that we talked about, especially over the weekend. But we kind of know. We kind of know this movie just doesn't have an ending. And as much as going into tomorrow with a lot of really good long, bias traits, right? Long, bias pivots and long, bias potential setups. I'm always again, this is the common theme of the PS60 theory process. I mean, we're constantly putting ourselves in a situation that, hey, if our directional thesis is not playing out, there's always on the other side. I'll give you guys some names to watch for tomorrow. But the bulls did their thing today. It started out Sunday night. You guys remember we were talking about the weekend update? We're actually the last three, four days. We've been talking about Tesla, this tight flag. The question was not if it was going to have a big move. The question is which way, right? Which way? We talked about talking about there was a flag building was building below the 50 day moving average. But it kept on putting in higher lows in this whole range here. So Sunday night, Morgan Stanley upgraded Tesla with like a $400 price target. Again, this thing doesn't really need a lot of, you know, battery in its back. Once some good news hits the tape on this thing, again, this is an institutional darling of cold classic. And once this thing starts taking out pivotal levels, this thing really, really goes well. Not only did it finally reclaim back the 50 day moving average, it finally got above the range of $61.20. Put in an opening range high of about $266 retrace, danced around around $263.264. And boy, oh boy, once this thing finally got above, and you can see exactly what happened here, right? Put in an opening range high of $66, came back with just dancing around, dancing around. Finally, once it got above this 66 level, the next candle was just absolutely huge. It was a $7 candle. It just kept on grinding up, grinding up, grinding up. And you could see the option flow. Again, this is kind of what we talk about institutional money flow. You know, you could see the option flow coming in very aggressively. You have three, you know, you have 273 weeklies, nearly a half a million bucks. You got the 290s for next week. You got the 282 for this. There was a lot of 282.50 weeklies that were coming in, basically $10 out of the money for when the stock closed. You could see six and seven figure bets all, you know, all down the line, right? There will be a lot of bets here coming in 285 weeklies, 282 weeklies, 291s, 291.67 weeklies, 282.50 weeklies. You could see the bulls had an incredible effect today, very, very strong bias. And now the stock is above the bulage band. Again, is it possible it rests tomorrow? Have an inside day? Of course it's possible, but boy, oh boy, the momentum in this thing. You see the volume expansion here, 172 million shares traded versus Friday's action of 118 versus Thursday's action of 115, 129. So yet a big expansion bar with price action coming out of a range and reclaiming back the 50 day moving average. Can it possibly get a second day run tomorrow? Absolutely. Okay, especially if you have a week open, they trap shorts and then they go red to green and they take out today's range. Absolutely. It could be very, very aggressive. So it's a very, very important name to watch. Look at a name like Amazon, right? With today's rally as well. Amazon we talked about on the weekend update, right? Amazon we said, hey, if the market is strong, watch this thing. You know, again, this is another perfect example of the stock that never went down, right? We talked about it was one of the very few names above the 50 day moving average when the market didn't come in. And it had a powerful move today. And look at it, guys, we are hairs thrown away from the yearly highs. This thing is, you know, this thing is one day away from really getting above the yearly highs. Keep an eye on this thing. This thing gets above the yearly size. This thing could really rip. And look at the option flow came in, right? Stock closed at 143. They were coming for the 145s, 145 weeklies, 144 weeklies, 144 weeklies. We saw some 150s for October. So Amazon looking very, very good. Remember we talked about in the video, right? We talked about in the video on Sunday's video talking about potential losing the 50 day moving average. Again, this is exactly my point why we're always prepared on both sides. And that's when the video did today. It lost the 50 day moving average, took out that 450 level, trained it all the way down to the next support. Again, it wasn't shocking that it stopped around the next support. Because again, the whole premise of the PS60 theory is stocks trade from supply to supply, demand to demand. Earlier this morning, they were coming for the 430s, 440 weeklies, and it was a nice move. It broke the 450. You can see by the 60 minute view here. Look at this thing right off the open here. We talked about this on the weekend video when stocks lose the 50 day moving average. That first move was super aggressive. And this was nearly a $7 move, great, great move on the video as well. But again, to its credit, it reclaimed back to the 50s. But now we have a definitive line in the sand on the video going into the future. If it loses today's channel tomorrow, that's when things can start getting really, really spicy. It says definitely name that you want to continue to keep an eye on. But again, like we talked about, you got to be prepared on both sides. When we talked about AMD, right? We talked about AMD on the weekend video. If it lost the bottom ratio, again, went down to three bucks. Nice move there as well. So the greatest thing about this market is whether you're bullish or bearish sentiment, as long as you're waiting for your confirmation, you can definitely get value on both sides of the market. And this is a very unique market, despite the aggressive nature when it's the Fed, geopolitical news, whatever the case may be, it's giving you opportunities on both sides. And that's the whole point. You don't need to be right. Like, you know, tomorrow, I'm going into the notion that, hey, Tesla has another day, right? Tesla has another screaming day. But it's okay because again, if the stock rests tomorrow and has an inside day, isn't it conceivable based on today's action that it'll probably resume its trend either on Wednesday or Thursday? And that's the whole point of expansion days. They don't have to continue the next day. It would be nice. They don't have to continue the next day. But it's given you a really good blueprint of how stocks move organically. And the most important point is if there is an inside day, a day of rest tomorrow on Tesla, it's probably going to be on a third or half the volume that it put up today. And that's extremely bullish against the whole marathon effect. You've run 26 miles, you're going to be tired. Even though you can continue going another 5, 10 miles, you need a deep breath. And that's potentially a situation where you have an expansion day followed by a potential inside day for stocks that could happen. But hey, again, it's very, very impressive. Microsoft, right? Microsoft, we talked about this again on the weekend update, guys. And that's the whole point. We try to give you, I try to give you guys on the most part, several names a night just to watch so you can see the price action play out compared to, well, this is what we traded today. This looks like you want to be prepared. You live in real time. You smile in real time. You eat in real time. You have to trade in real time. So it's very, very important that we put the pivots right in front of you guys the night before to say, hey, look, here's the channel that confirms the stock and move Microsoft. Another beautiful move continues to build higher above the previous range. So going into tomorrow, let's look at the indexes. You have the cues, really, really big move reclaimed back to 5. This is the next big level on the cues here. 377.63 was the channel. It's also the five day on September the 6th. If we can start building above this 377.63, there's a shot here. We go back to the top of the range. You got the spies, right? You got the spies. It's a carbon copy of the cues. You see how spies took out this channel here? That's what we're looking for the cues to do as well. Spies just need to start building above 444.80s, 449 to start getting a little bit more aggressive. And if you look at the IWM continues to be the red-headed stepchild. No offense to any red-headed stepchildren in the audience, but hey, they just cannot rally this thing. This is, again, a good representation of speculation money. So let's talk about some of the names we talked about over the weekend. And you can see the prices, guys. That's the whole beautiful thing about technical analysis. It's not opinions, right? It's not opinions. These are technical areas that have buyers clean up sellers. The stock is going to go higher. Sellers clean up buyers, they're going to go lower. Every single one of these stocks we talked about over the weekend, whether it's to the long side, to the short side, right? We talked about Microsoft 33620 needs to build. Here was Microsoft. Took out the 33620 today. Traded all the way up to 33840s. We talked about Tesla. Tesla gapped up above the pivot of 261.20s. Put an opening range high in the 66s. Retraced once it went through. Put up another $7.00. Chewie, remember we talked about Chewie on the weekend video? Again, all you have to do is just watch the previous video. We talked about Chewie. First close below the earnings lows. Well, again, first close below 23 earnings lows, opening range lows, or green thread for a multiple day move. Right? Here was Chewie, right? Being prepared on both sides, guys. So Chewie took out the opening range low. Closed at the lows of the day. Looks really good. Continues to look good for another couple of days of down. Amazon 13885 needs to build. Here is Amazon. Right? Here's Amazon. Took out the 13885. Took out this whole channel here. Traded all the way up to 14360s. Now it's on the doorstep of breaking out of yearly highs. Looks amazing. On the video we talked about. That was the big number. 451.50 is the 50-day short. There is no discussion here. Once you lose the 50-day, put up a $7.00 candle. AMD lost 105. Went to 103. I still like this IONQ. I still like this thing. Hasn't confirmed. And AYX. When we talked about AYX on the video, how it potentially could put itself up for sale. Again, not a huge move. But it went up about 40 cents. It's still building nicely. The fact that they're not selling this thing off is actually pretty good. And the sellers look like they're pretty comfortable. So let me give you guys some ideas for tomorrow. Obviously, I love Amazon. Obviously, I love Tesla. They confirm. But let me give you guys some other ideas here. Let me give you guys some other ideas. I still like this IONQ. Didn't confirm today. Look at this thing. This thing is getting tighter here. Watch this IONQ. If it starts getting above this channel here, this thing could wake up. And a couple of names to the downside. Look at Nike. Nike is very, very close to taking down earnings lows. Remember those earnings lows plays that I love? Love, love, love, love, right? We've done so many of these things just in the last several weeks. Well, Nike is very close to its earnings low. If it starts taking down earnings low, this thing could get hit. Look at a name, a slower moving stock, HLIT. It's the same premise. Look how long the distribution is to the bottom of the channel. If this HLIT loses the earnings low on the bottom of the channel, it's going to start its next leg down as well. So we're set up for tomorrow. Let's see if the bulls can continue. I know we've all heard the story before. We reclaimed the 50-day. Now we lose the 50-day. We're all disappointed and we're all stunned and back and forth, back and forth. But again, this is the life, right? This is the life we chose. These are the cards we are playing. And the most important part is, guys, again, stay healthy, love someone. Tell someone you love them. Tell someone how much they mean in your life. And the most important thing is continue to stay healthy and happy. Guys, God bless. I will see you tomorrow.