 You can literally do your research today on tech stocks. It'll take you three to five minutes. Go through the NASDAQ 100. The stocks that look like they reclaimed the five-day moving average or the 10-day moving average. Welcome to Access a 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 TheAxisTrader.com. Monday update. Hope everybody is doing well. The question going into today's day after a pretty good, needed, much needed reset, rest, whatever you want to call it, back test. The question was, well, how long does this distribution period going to last? Usually, distribution takes place four or five days. And if you watched the weekend video, we talked about that we're probably going to get a little bit more clarity come Monday into Tuesday's session. We just wanted to see what the price action was going to be next. Was it pretty much a back test remount, resume back to higher? Or was this a start of something more? And I tell you, when you look at the pre-market activity today, yeah, I mean, the headlines came out over the weekend about Tesla with their 300,000 deliveries. That was cool. I mean, it wasn't really up a lot. It was up maybe 10, 11 points considering that news. He said, all right, whatever. Everything else was pretty much flat. And it was a very, very quiet open. And you said to yourself, OK, you know what? The market's going to play out just like pretty much that we talked about on the weekend video. Let the price action come to us. We'll know very, very clearly in the next day or so what our next step is going to be. It's going to be very, very important. The bear start building below the 10-day moving average that they held on Friday. We're going to go lower. And if we start reclaiming the next day or so, the five-day moving average, we're going to go higher. And I tell you, it doesn't take a lot for the market to spark. And you never would have thought that a quiet pre-market probably would have been a very, very quiet day. And again, we don't know, but probably, right? It was going to get sparked by not the best company on the planet, not the worst company on the planet, but the best character on the planet. And his name was Elon Musk. And the news came out. He apparently took like 9.2% of shares on Twitter, right? Everything was gone. So next thing you know, a quiet pre-market action and absolutely nothing going on, and probably another day for distribution, turned into an absolute pillage of any short-buy as players within the first half hour. And if you look at majority of the stocks, and again, it doesn't make a difference from Tesla to Facebook to Microsoft to Amazon, it was basically one after another staircase to heaven, right? Look at the 60-minute views. These are all, there was no dips in these stocks today. Staircase to heaven, one by one. Tesla and Facebook and Amazon, right? And Apple and Microsoft. I mean, you go through the whole list. Microsoft, they all look alike. So the coolest part about being on this journey, right? And whether you're trading for 20 minutes or 20 years, you'll find out really, really quickly that the market is just not trying to trick you. I know a lot of traders have these built-in excuses because they're newer traders, they haven't had the experience, they haven't seen everything, they haven't been exposed to everything, and all they hear is via social media, and all they hear is different excuses why things are not happening. But the most important part is what is happening is the market is just a facilitator. Think of it as Amazon, right? Amazon doesn't care if you buy a screwdriver, Amazon doesn't care if you buy a shirt. Amazon's job is facilitate buyers and sellers and be a marketplace. That's exactly what, no pun intended, by the way, but I love Amazon for tomorrow. But that's what the market is. It's a facilitator of buyers and sellers. It doesn't care that you're an adrenaline junkie. It doesn't care that you have 20 minutes experience. It doesn't care if you have 200 years of experience. It cares that the market is functioning majority of the time on a real-time, organic basis. Buyers meet sellers, buyers clean up sellers, stocks go higher, sellers clean up buyers, the stocks go lower. And the question was, was distribution going to be over today, tomorrow, or whatever the case may be? And once this headline came across about Twitter, when absolutely nuts, it was a 9, 10% pre-market, it just literally lit a fuse on everything else. And we literally went from a really, really potential quiet day of distribution to, oh my God, look what the hell is going on. We'll get to the pivots in a second. But everything exploded today. Like literally under the sun, every institutional Wall Street darling exploded today. You can go through the Nasdaq 100, you'll see the same chart over and over and over again. And now that we got our answer of when distribution is over, the question now going into tomorrow's session and now that you can clearly see we reclaim the five-day moving average, which is again, a good thing, right? This whole rally took place above the five-day moving average and the two-day sell-off became right below the five-day. So now that we're above the five-day, again, buyers are putting on their hats again. And the question is, can we stretch out for tomorrow's session and the following day's session that we could reclaim the high of 271.83, the recent high of this majestic bottom move and start really cranking out, going into the three-80s level, which will be realistically the last supply before, again, a potential summer run to all-time high. So when I did my research tonight, and again, I joked about it in the webinar today, you could do your research. If you trade Tesla, you know what's up. If you trade Amazon, you know what's up. You can literally do your research today on tech stocks. It'll take you three to five minutes. Go through the Nasdaq 100. The stocks that look like they reclaimed the five-day moving average or the 10-day moving average, yeah, those are the ones. Those are the ones you're gonna go. And you really don't have to be, again, like I say at times, very creative. If tomorrow we confirm today's price action, Tesla absolutely broke out to a monster. We had three levels today, all three confirmed. They were coming for the 11-80s. They were coming for the 11-90 weeklies. They were coming for the 12-20s for next week, or the 12-05s, one of them. But they were coming for the 1200s. This thing has a channel, and this thing confirms tomorrow and any dip tomorrow on Tesla on the rising 60-minute has to be bought, because this thing goes right to green, starts taking out today's channel. You'll see a push towards end of the week or even tomorrow into this 11-90 area. It looks amazing, absolutely amazing. Amazon broke out again today. Again, the key is, again, when I use the word breakout, I shouldn't use the word breakout. It reclaimed, right? It reclaimed. The breakout was right here. If you guys remember, the breakout was this above this 3,270 that took out this whole channel. What Amazon did was as important today. After the back test that came in, held the range, it took out two days worth of selling and reclaimed not only the five-day short-term sentiment, but reclaimed back the 200-day moving average. If you guys remember, on Friday, they came for the May 6th, 3,500 calls. One dude laid out 2 million on the bet. This thing looks like it wants to go back to 3,400. Really good looking. Look at Microsoft, right? Look at Microsoft for tomorrow. This thing, huge breakout, right? Huge breakout, hit supply, consolidate, reclaimed the five-day moving average. If this thing takes out last week's highs, this is a shot this thing gets into the 320s. Amazing, right? You got a million charts, guys. Look at Square, great-looking charts. Look at Roblox, right? Maybe it's a day or two away, but look at Roblox, right? Look in the video. So go through the NASDAQ 100. Again, these stocks are not hiding, okay? They're there, and if you do your research on the equity side, and if some of you guys have, well, most of you guys should by now have option scanners, if you correlate their deep out-of-the-money short-term expiration with the stocks that are about to break out, or broke out today and going for continuation, those are the names you wanna focus, because again, if they stretch, they're not gonna trade, they're not gonna trade in $1, $2 intervals. They're gonna trade in $20, $30 intervals, and that's exactly what you want when tech stocks get aggressive. That's the most simplistic formula. Short-term expiration, reclaiming supply, taking out macro levels, and you usually will have a high probability because now you have the wind at your back. So let's talk about today's session, again, incredibly, incredibly aggressive, right? And again, it was a nice surprise. Believe me, I did not go into today's trading session saying to myself, we're gonna have a massive premium day. No, I said, we're gonna have a distribution day. Well, let's get a little more clues. Those clues came in the first 45 minutes of the day, just went nuts. So here are the key levels on Tesla. 96, 1105 and 1115 macro, and here's why. Again, guys, here's why. Here's 96, it was the previous day's channel. Here was 1105, the previous day channel, and here was 1115, the top of the range here, and this thing took out everything, went nuts, pretty much closed up behind the day. This thing takes out 1150. This thing should see 1175 and then 1190, monster move. Guys, I apologize for all you guys on the Twitter feed. I forgot to put in the Amazon pivot, but I guess all you guys are listening through the other channel anyway, so I guess it really doesn't matter. Amazon went absolutely nuts, okay? I mean, this was definitely one of them. I think Amazon, based on that bet, Amazon reclaimed the 200, which was 3330. So all we needed was to close above 3330. Look at the candle, this thing put in. Look at the candle, this thing put in in the last, let me show you in the 60 minute. Look at the candle that put in the last 20, 30 minutes. Beautiful move here, closed right at the highs. This thing confirms, I think this thing sees a 3400 print tomorrow. Beautiful, beautiful move. FedEx, congratulations for all you guys. We talked about FedEx on the weekend update. 221, if it builds below, can flush. Here was FedEx, right? Not everything went down to it. Look at FedEx, FedEx got clipped really hard. 221 went all the way down to about 1617. Really nice move there, one of the very few. Zen, I still like the Zen, I don't have any. It's a little too thin for me, but this is the first close above 2510. Look at this chart on Zen. We talked about this on the weekend update. A little too thin for me, but boy, oh boy, if this thing starts remounting, like the one, it starts building 126, this thing's gonna light up. So really nice move there. Oh, it's a potential nice move there. Visa, again, we talked about this on the weekend update, 227, 229 macro. Here was Visa, considering how some of the other financials performed, it took out 227, took out 229, traded like 229 and a quarter, but again, nice move there. Not nothing horrible there at all. FedEx 217 on deck. Netflix one nuts. Again, you can see the theme here. All these technology names started breaking out. 384 huge level needs to build. Here is Netflix, right? It took out this whole channel here at 84, and now this thing's a stone throws away of looking at this $400 level. I mean, they started coming for some of those 400 calls, so beautiful move. This thing ran up today, good $12 from the pivot. Big move, I still, again, if the market continues, this thing could really, really go. Here's the 277 on deck and the 91 on deck. Here was every level confirmed on Tesla, 1130s and it went to 1140s. Here's 229 on deck. Here comes 390 on deck on Netflix. And that is it. So I apologize for not putting in the Amazon pivot again for all you guys who are listening to the audio of the Twitter feed. Obviously, you heard and we've been talking about Amazon, for God's sake, the whole day, anything above 3330. So great job there. So that's it guys. Again, try not to overthink today. Try not to be overly, try not to overly outsmart yourself. Any weakness tomorrow in tech, any name that got reclaimed, the five day needs to be bought tomorrow into rising support, Amazon, Amazon, Tesla, right? Names like that. I love the video tomorrow. If you can just reclaim the five day moving average, just be a big, big number there. Square looks great. Everything looks good, right? Well, they just need to confirm. Again, don't anticipate, don't overthink, don't try to over rationalize. This doesn't make sense. That doesn't make sense. Life doesn't make sense, right? We all kind of figured that out a long time ago and now we just roll with the punches. Guys, have a great night. God bless and I will see you all tomorrow.