 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 AccessTrade.com Nightly Wrap-Up Show. Hope everybody is doing good. Hope everybody had a good day of trading. So let's talk about the market. First of all, big mix bag of earnings after the close. Google doing very, very well. AMD doing, you know, had a solid quarter. Then you have the other factor. You have Microsoft. You have Starbucks lagging. You had Pinterest getting smoked. You got NPH getting hit. You got JetBlue moving lower. You got triple. You have a pretty mixed bag, but the market continues to be very, very healthy. I think that's the biggest picture of all. And when you look at what the market did today compared to where the biggest value was pre-market, you kind of will really see a really quiet session at technology land. Again, I'm not talking about what happened in any other aspects of the market with the dull coins and the schmuck coins and all these different coins. In fact, I'm talking about technology. I'm talking about names that I follow every single day. And you have this really big move right at the open. Square, Roku, NVIDIA, some really, really big moves. And then the market did absolutely nothing for the rest of the day. And when you look at the surface and you look at the NASDAQ composite down 60 or so, the Dow is pretty much flat. You turn yourself, well, it was a pretty quiet day. And it was. And again, always remember, folks, no matter what type of trader you are, the market doesn't need to make you whole, right? Just because the market's open doesn't mean that it's your entitlement to press the button with extreme exaggeration. And, you know, often your job is to kind of just wait, right? Just kind of wait for everything to play out and get a really concrete look of what's going on. And if you look at what's going on in the Qs, you kind of see what transpired starting from last Monday on Netflix earnings. Basically, everybody was waiting for Netflix and yesterday everybody waited for Tesla. And today everybody was waiting for Microsoft and Google and so forth and so on. And now we're kind of spilling over into tomorrow's session and you have a whole, you know, you have a whole group of earnings coming out tomorrow. Big names coming out for tomorrow's session. Let's see, let's look at the whole calendar for tomorrow. You got Apple, right? You got Apple, you got Facebook, you got Boeing, you got Shopify, you got Qualcomm, you got TDOC, Spotify. So it's more of like a market that everybody acknowledges it's good. Everybody acknowledges it's value. There's people going to be much more aggressive volume and much more aggressive liquidity on certain days compared to any other days. But it's kind of like a wait and see individual company one by one report their earnings, digest their earnings and kind of trade off of it. So, for example, Tesla came out already and they were fine. There was nothing wrong with Tesla earnings. Again, as everybody knows, if you've been watching this broadcast, for me, you know, I love Tesla. I love the product. Again, for me, it doesn't make a difference which way the stock goes. Obviously, everybody loves a bull market. Everybody just feels better. Everybody, you know, there's more liquidity the case may be, but it doesn't really make a difference. And if you look at Tesla's numbers from last night's video, we talked about it. It was kind of a non-event. And yeah, you know, the stock went down $33. But until it starts really breaking down the 50-day moving average, there's really not a reason to turn around and say, well, the stock isn't going to go low and the stock can go down. But there's a big difference between the stock going lower and the stock going down. Can it be day two tomorrow if it gaps up tomorrow? Can it go green to red and have an opening range short play? Of course, of course. And I'm actually, it's part of my game plan tomorrow. Is it possible we can get down to this 692 area? The low basically from, let's see, January, February, March, from April 19? Sure, absolutely. We could test that level. So I'm not talking about something that's going to go, you know, Tesla's going back to 500. But there's a play there, of course. There's definitely a play there. But again, it doesn't really feel like the market is giving you so much selling pressure. Everybody's like, throw the baby out in the bathwater. Let's get rid of this thing. Even the same reaction that Netflix gave you, you know, from last Monday, you know, they came out earnings. Okay, nothing exciting. The growth wasn't great, right? The growth wasn't anything to write home about, but it's kind of just sitting in their range. Is it possible in the next few days, you just continues to go sideways and flags and starts cracking this bottom channel? Sure, why not? Again, I think it's going to take longer time for it to get above this channel here than get below this channel here. So, you know, there's definitely names that came out earnings. They're kind of drifting. They went lower initially. And that's fine as well. The market is still very, very strong. So for example, on a name like Microsoft this evening, right? You had a really, really big move up. And, you know, now people have taken profits. Would this have been a different reaction if Microsoft was down here through earnings? You know, maybe not. AMD, again, pretty good quarter. It did absolutely nothing from the majority of the last several months. You know, it was going lower and then going sideways. And then you saw a lot of big 95 calls all day going into earnings. So, again, there is a mixed bag. And if you look at the final tally where the cues are, they haven't done anything. And again, that is good, right? That's a good, healthy digestion. Will there be days that certain days you're going to sit there and go, wow, I can't believe how much value we have. This one's gone. That one's gone. The other one is gone. Look, even Dolecoin is gone, right? And there's going to be certain days that you have a game plan and you have a lot of names. You put them on in front of you and you're just sitting there and you say to yourself, it's going to confirm. It's going to confirm and it never confirms. You know, it sucks, but that's okay as well. That's part of the market structure. And the longer you trade for a living, you're going to accept that. You know, right now, if you first one, two, three, four, five years, you have so much FOMO still built up because everybody on social media is saying that one is going higher and that one's moving higher and that one's going lower. You're constantly chasing somebody else's warped reality that everything is tradable. Guys, remember, every stock trades, right? There's 30,000 stocks out there. Every stock trades, but not every stock is tradable and not every stock is tradable based on your process, is based on the day that you are willing to trade. So it's very, very important to kind of take a step back, relax. I think most traders, and I've been doing this 21 years, most traders, they burn themselves out way before, you know, way before they meet their potential or reach their potential. It's a very, very sad case of reality because they're constantly on the go. They're constantly having that FOMO on social media that somebody's always into something. Yes, somebody is, but, you know, taking a grain of salt, the value is value for a reason, not because, quote, unquote, a stock is moving or somebody really likes it or very appealing on social media of all people. And again, if you look at the rest of the scoreboard, IWM, again, you know, holding its fort, broke out of this little channel here above this 26, 70 level and just digesting its gains. You look at the Dow, right? Very, very healthy going sideways. Nothing earth-shattering, nothing to write home about. It's staying in this whole digestive channel. The Q is itself, right? You got Microsoft, you know, maybe takes the market down a little bit tomorrow on the Nasdaq name, but you also have names like AMD and names like Google. They're going to take stocks up with it, right? AMD can take up the semiconductors and Google is already having effect on names that have, you know, ad space, point to click, customer acquisition, names like Facebook ahead of its earnings. So there's nothing going to be resolved in tomorrow's session from a, you know, from a scoreboard point of view. I think your job as a trader every single day is just accept reality. There's certain days that you're going to be very, very aggressive and your process is going to be amazing and everything is going to be great. And there's going to be other days and it's literally sit there and take a pen to your eye and say, hey, what's the difference if I poke out my eye slap one more good one? So be very, you know, be very conscious of the market. Again, the market is open, but the market doesn't give you an opportunity like you think, quote, unquote, on your process. Again, you could talk to 12 other traders. They could be trading different things and they'll turn around and say, wow, today was an amazing day and maybe it was. But as we say all the time, it's not about somebody else's comfortability. It's all about yours. I stay in my little lane. Beta is my little lane. I'm comfortable. I only basically trade 90% of the time, what, 10 to 15 stocks, right? I kind of have a relationship with them and when they wake up, it's a beautiful thing. And if they don't, you know what? I'm waiting for my premium hand the next day as well. So let's talk about today's tape. And again, as you can see here, I put a lot of pivots this morning. I go tons of value, right? Like really, really tons of value. But here's the problem, right? And this is the biggest problem every single day. You could have the greatest game plan in the world. If they don't confirm, it's just a game plan. Like so certain days that I turn around when the market is getting hit and I think there's a confirmation. The next day I said, look, you know, I'm waiting for the downside. Things need to confirm. Sometimes they confirm. Sometimes they don't. So today the biggest question was there was a lot of value. How many of these suckers are going to confirm and how aggressive are they going to be? And we got our answer pretty quickly. The ones that did confirm in the morning explode, right? Absolutely exploded. And the ones that didn't, well, they didn't because they weren't, you know, they weren't ready to confirm. And that's kind of how the day played out. And if you look at the NASDAQ 100 before we get into the individual pivots today, if you look at the NASDAQ 100, right? If you look at the NASDAQ 100 from the open, right? You had two, three, four names really explode and everything just literally crapped out, right? Literally crapped out throughout the day. Big reversals from the morning on Amazon, big reversals at one point on Facebook and on NVIDIA, you know, NVIDIA was a really, really aggressive move today at the open. And that was the game. And that was literally the game and then we just sat there collecting data and hoping for better value for the next day. So let's talk about the pivots that confirmed the ones that didn't. So Nikola. Nikola was a very interesting setup that I still kind of like. It got to, you know, this is the area that I really liked. You really needed to confirm that $13 area. So $12.85, $13 needs to build. Buyers came in yesterday for the May 19 calls, which is a very odd bet, considering maybe they came into earnings, whatever. But it's traded to $12.90, right? Traded to $12.90. This is how really specific these pivots are. They traded to $12.90. Obviously, it still needs that $13 break. But again, nothing confirmed. AI, macro, $74 needs to build. Nothing confirmed. ZS, sneaky area for traders, macro, $200 needs to build. Nothing confirmed. Again, the ones that did confirm exploded. Roku, $3.72, $3.73 needs to build to reclaim the $50. They're moving average. And this is kind of one of those good news, bad news situations. So it reclaimed, right? It reclaimed the $50 and put up like, you know, put up like, you know, really aggressive like $7, $6 candle very, very quickly. And just as fast as it put up that $6, $7 candle, just as fast as the queues dumped and everything dumped with it. So again, it's one of those things like it worked, but where was the follow-through, right? Why did the queues dump? Where was the follow-through? You know, not here, no there. But again, big move there at the open. Maxim, never confirmed. I've been waiting for this Maxim now for like three days. Nothing confirmed. Square, nice move on Square. $257 needs to build. Here was Square, right? So here's the $257, this whole range here. $257 traded to $261, you know, nice move. Nice move. And then again, just like Roku, it exploded off the open and then didn't absolutely nothing for the rest of the day kind of fading into the abyss. Apple, $135.80, $136 needs to build. Obviously never got there. Amazon, again, congratulations for you guys who kept the runner on Amazon overnight. That pivoted yesterday, $33.83, $33.85. Basically what I put on the note, $34.36, $34.40 for continuation into the 70s and actually trading into the 3460s. And then again, it reversed course as well. So again, a lot of names did well. Some names did not. Coin, I was watching experienced traders 307 needs to build. Again, how specific are pivots? Look at the high of the day. I said 307 needs to build. Look at the high on Coin for today, right? The high on Coin today was 30670s. So again, these are very, very specific numbers. And when they do confirm, usually good things are going to happen. When they don't, the last thing you want to do is pre-convince yourself, right? Anticipated trades are going to happen. Nothing ever is going to work out against second entries on everything. And yeah, basically most names is just sitting there. All pivots that have not confirmed yet are still on the table. So just stay patient. And again, nothing confirmed. Airbnb, I liked over 180. It stopped at 179.5. Mosaic, 36 needs a solid base. It traded to 3604. Nothing happened there as well. It wasn't the video pivot that I didn't put on the pivot feed because it was just in the middle of the channel. It was an opening range play that I caught off that 24 opening range highs. And it put up a nice two, two and a half dollar move right into supply very, very quickly, so like everything else, it reversed course. So going into tomorrow, it'll be very, very interesting to see the names that kind of held up today that didn't confirm, but they did hold up today. And that's important. I think rotation in the market is super important. I think consolidation and rest for a lot of names is super important. But at the same time, you would like to see some names wake up. So for example, not that this is a name to trade tomorrow, but look at space, right? If you look at the option flow today, some pretty aggressive call buyers came in. They came in for the 24, the 25, the 26, the 27 short-term expiration. They were coming very, very aggressively. So again, this is a sneaky channel here, not so sneaky anymore because I'm talking about it, but the point is if it starts taking out this channel, you could get a push 26, 27. Again, maybe those bets were into earnings. Maybe they're not, but the point is, again, we're looking for channels off the bottom of the range. Airbnb again, a name that is coming off a bottom channel. It stopped right in supply. If this supply zone gets confirmed, maybe this thing gives a good joke. But again, I'm not looking for names that were overextended. I'm not looking for names in the middle of the moves. I'm kind of looking for names that it's kind of their turn, their up at bats. And if we can get those names, maybe you'll be good. Hig from the technology, excuse me, from the insurance space. Look at this long consolidation on Hig, right? This is a long, long consolidation of this flag finally confirms and takes out to the top of the channel if the financials have a date tomorrow. Maybe you could get a big run up as well. So Tesla, you know, if it opens up green tomorrow and starts putting in opening range lows, there could be a trade to the downside there, right? Day two after earnings. Again, maybe I really like the long-term aspect of what Tesla did not do today. Which basically, you know, go down, you know, go down 300 points. I'm exaggerating, but I like that part. But I do think there might be a day two trade on an opening range low, maybe testing the 50-day moving average. Also watching Netflix, it's been a now a weak flag. And if it starts taking out some sneaky levels, maybe I'll start watching it to the downside as well. So we'll see, you know, we'll see what happens. Another day, any day you're alive and you're above ground is a good day. Hard to complain. Everything else is a cherry on top. Guys, have a blessed day. Good night, everybody. Kiss you, kids. Smile. Go get some good food. Laugh a little bit. We only have one life to live. We get no mulligans. Guys, God bless. I'll see you all tomorrow.