 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, leaving everybody. Welcome to another edition of the Access to Trader.com nightly wrap up show. Hope everybody is doing well. Hope everybody had a great weekend. If you are brand new to the channel, kind of literally routine. We really, really appreciate the likes, the share, the subscription, all that good stuff that helps this channel grow and helps us with a nonstop audience of good technical analysis. And that's the name of the game. It's all about the price action that we have, not the price action that we want. So let's talk about, right? The question coming into today's session was, can the bulls finally follow through? Right? We've been seeing nonstop top of the range action, followed by disappointment and followed by three, four days of drift, already come back strong on one channel to engulf three, four days worth of selling. And the question going into today's trading session was, can we finally start building over the previous day's channel? And it did look really somber in the first like half hour, 40 minutes, you're like, oh, here we go again. The market is softening. The leaders that broke out on Friday, they're softening. Well, let's see if they can kind of, you know, let's see if they could get their feet onto them and maybe, you know, put up a fight a little bit later. And not only did they put up a fight, they advanced. We'll get to that in a second. So there's some key takeaways from the trading session. Every day I try to kind of take a step back and look at the positives, the negatives on the macro scale so I can determine, you know, not only with the charts it's holding, but I could kind of get a pretty good view of sentiment. Here's my key takeaways. If you guys remember, every single time there's been a headline, a negative headline surrounding the banks of grant. These are really, really aggressive headlines, whether it's SIVB, FRC, PATW, whatever the case may be, right? The market usually gets jittered, right? And they start hitting stocks, shooting first, ask questions later. We saw a lot of weakness this morning in the banks, okay? Notably, the same names have been taken down and the difference between what we saw today and a little bit of jitters that we saw, technology did not follow, okay? They did not submit to the fears for potential next round of bank failures and they fought. And not only they fought against, they advanced price action, a lot of names advanced price action from the previous day. That's number one, okay? Second thing that I really, really liked what I saw today was after, you know, three days last week of really tight ranges and we had that really fantastic expansion. There were a lot of stocks broke out on Friday. The question is not only could we advance, but can we have an expansion day today, right? So we got that as well, right? You saw a lot of names doing incredibly well today. AMD went nuts. NVIDIA went nuts. Netflix went nuts. The Q's again got above yesterday's range, right? Meta finally woke up. We talked about Meta finally woke up just maybe one day away from claiming the five-day moving average. Apple, okay, after a really, really great earnings run and broke out on earnings run. They put an inside day down seven cents a day. That's bullish. That's a rest. That's exactly what you want to see. The only one that I didn't like what I saw today was Microsoft. But here's the flip side of this, right? So Microsoft at one point got hit and still put an inside day from Friday. But here's kind of what I, again, the positives. We always try to use the positives versus the negatives and get an opinion for the next day. Even when Microsoft was at its lowest point of the day, right? When it was sowing off at the lowest of the day, all these other stocks were disconnected from Microsoft and things were appreciating from Friday's channel. So there's a lot of good things that I'm definitely seeing. Another good thing, another sign, again, a very bullish sign, there was reports in the middle of the day that TD, if you guys remember TD and FRC, right? Or TD, was it FRC? Yeah, it was FRC. TD and FRC, they broke, right? They broke apart. They broke apart their union. And if this was a discussion about a week ago, everything would have been absolutely destroyed. So the market dipped on that initial news on the TD news. If you look at the QQs, right around 2 o'clock, right? You can see is right around 2 o'clock, they had a nice dip here, right? Really nice dip here. And the good part about it is they brought it right back up. So a lot of bullish action, really is a lot of bullish action. Now that we're getting towards the eighth and ninth inning of earning season, it's going to be very interesting to see, well, where does the bear case lie after this? Again, I'm not naive. I think we all speak the same language. I understand that the market doesn't need a reason to go down 500 handles. We get it. But also the market, also I have to understand the market doesn't need a reason to go higher as well. And again, with all the inflation talk and this, that, and third and interest rates, again, we have a CPI number coming out on Wednesday. Is it possible tomorrow we get a continuation? We get a continuation of today's session. It would be nice. It would be absolutely nice. And that would be a continuation from Friday session. That would give us three days in a row of expansion channels. It would be lovely. But I could definitely see a scenario tomorrow that, hey, you know what? Let's wait and see. If you guys remember last Tuesday going into Wednesday, we had the two-day Fed meeting and the market decided to rest, right? Decided to rest about a day and a half until we got the Fed announcement. Is it possible we get a resume tomorrow? Okay, that's cool. The one lesson that we've learned and we keep on reiterating, especially in the live webinar, is the day that the market rests. You rest with it. Okay, don't try to look for trades. Again, like today, Friday, the trades were obvious. Once they confirmed those channels, there wasn't any hesitation. These stocks were just exploding through those levels. So it's important to understand that the market is just open to facilitate buyers and sellers. The market's not open. It's not out to get you. It doesn't owe you anything. You're not entitled to squat. Okay, the market's open from four o'clock in the morning when the ECN is open to eight o'clock at night when the ECN is closed. And that is it. It's there to facilitate. When the market decides to rest, digest information, or even digest the recent move, which we had an incredible move here on the queues from 316 to 323 in about a session and a half, there is a possible pregnant pause tomorrow ahead of the CPI. So that's possible. The great thing about a potential rest day, is that the stocks that are coming back out of their ranges, if they confirm all the attention and the money flow will be on them. So for example, meta, right? Meta had a great, great quarter, or at least on the surface, right? Meta had a great quarter. It's come in now five days in a row. As you can see here, once again, it got rejected here on the orange line, which is the five-day moving average. The same place where it got rejected three days ago. So this is one to watch. Okay, this is definitely one to watch. If they can reclaim, again, if we could just break this downtrend, and if Meta can reclaim the five-day moving average, this thing can wake up very, very aggressively. Something to keep an eye on. Apple, you know, is it possible it rests one more day? Okay, that's cool. Apple, again, needs to be bought on dips, like we talked about on the weekend video. Again, the gift was the move to write down the rising support. They trapped the rising support. It went up and down today 68 times within a 10-set range. But the more important part is it's digested in Friday's gains. Maybe it's tomorrow, wake up. Maybe the next day will wake up. But the point is something like this definitely needs to be bought on every dip at the rising support. Look at Netflix for tomorrow, right? Keep an eye on this thing for tomorrow. Look at Netflix. Finally, broke this downtrend today. This is the highest close in this whole formation. If they could just confirm this whole channel here, maybe Netflix wakes up. Look how tight Amazon is getting, right? Look at this Amazon, right? Towards the end of the day, we started seeing 106 weeklies, 107 weeklies, 109 weeklies. This thing is now rejected three times off the same level. If this thing can just start waking up here. Who knows? Maybe towards the middle or towards the end of the week. This thing starts running again. So there's a lot of names. And the wonderful thing about it is you really don't need to be, you really don't need to be super creative. If you go through the Nasdaq 100 and I probably trade 95% of all my trades are going to be Nasdaq 100 names, especially the same 10. You're going to find some really good value. Guys, look at a name like Spotify, right? I mean, again, look how much value we have on the table. Look at Spotify. Spotify had a monster, monster quarter. It came in, consolidated for like two weeks. Look how close this thing is to take it out, earning size. If this thing gets above earning size, maybe this thing wakes up as well. And a name like IMGN, a smaller price name, right? It had a good, good PR analysis consolidating. The longer the sideways action continues, the higher probability will be. And if it could start attacking the top of the channel, you could get your next leg up. So we got a lot of good value on deck for tomorrow. The question is, are we going to have another expansion cycle like we've had the last two days, or the market's going to rest a nice do favorable rest that it deserves? And is it going to continue back on Wednesday? That is to be determined. So let's talk about some pivots for today. Again, the ones that went really, really went. The ones that didn't kind of sat there, which was fine. Again, so here was the pivot on Friday on Apple. 7171.50 needs to build. Apple went all the way down to the 104.30 level. Didn't quite make it there, but it's still resting, which is great. And the video had an explosion on Friday. Right, explosion on Friday, 279. Here is the next pivot here. 287.55 needs to confirm. And the video went nuts again. Absolutely day two in close of the highest form. This formation traded as high as 92 and change. WW that we discussed on the weekend update, 9.50 rejected twice on daily needs to build. Here was WW, right? Here was WW, took out 9.50, traded up to 10.02 before it reversed. Amazon got rejected again off the 106 level. Tesla never made it up to the 74 level. And that is it. So the most important part going into tomorrow's session is really understanding where we are in the cycle. Again, big run from 16 to 23 on the queues in two sessions. So again, is it possible rest unnecessary? Yeah, it might, but does it mean that the whole market needs to rest? Probably not. So if we could get it outflow in some names that had big, big moves and some names that possibly are coming back to the channel, that could be really, really advantageous. Oh, guys, one more. Keep an eye on Shopify, right? So Shopify's had this three-day monster, monster run, right? Again, this is a big move. Stock has gone from basically 46 to 64. Look, by no means am I calling this the top, but watch this thing the next day or two. If they could gap up and put in an inverted hammer and go red on the day, there's a chance we get a one or two-day back test. I'm saying maybe just one day, just a super duper strong, just to take advantage of gravity. And if we can get a blow-off top going green to red, all we need to do is use the high of the day as out. And if it starts back-testing, who knows? Maybe we could get a back test into this rising support here on the Upper Bollinger Band, just something to watch. Again, for all you guys who are interested in pivots, I'll be more than happy to open up your world to the wonderful world of pivots. They are very, very cool, very specific in nature, very patient-oriented, but it's something that I think that if you are finally exposed to, I think it's something that you really, really like. Guys, have a great night, everybody. God bless, and I will see you all tomorrow. Take care.