 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 access to trader.com nightly update show. Everybody is doing well. Unfortunately, I had no time for a video yesterday. I had some errands to do, and I had to turn this guy off. I had some errands to run that I had to drive into Brooklyn. I had to do something for my mom caught up with some old friends, so apologize. There was no video last night, so I figured do one today. All right, so let me know if you heard this before. The market is very strong, right? That literally could be the start and the end of the video pretty much every single night. No matter what happens, the market continues to get bit up, but we have actually a line in the sand here. We'll kind of get to that in a second where the euphoria might kind of end in reality or maybe in gravity to kick in. You know, two days ago, actually yesterday, Texas Instruments came out with earnings. And again, you would figure a semiconductor is going to bring everything down after missing earnings, not so much, right? You have the same usual suspects. You have NVIDIA, just going completely parabolic. AMD continues to go nuts. You have CLAC, you have LRCX. I mean, just everything going not so vago. Everything in that space is just an unabsolute tear. But eventually, just like everything else, eventually stocks get tired. We'll get to the meaningful areas, potential meaningful areas in the next couple of days in a minute. So yesterday came out Tesla's earnings, right? And Tesla, if you've been following along for the last month or so, you know what happened to Tesla, right? It lost a 50-day moving average automatically that becomes a huge sell signal. It lost a 200-day moving average, right? That becomes a super-duper strong signal. The problem was, this was the first time I've saw why I didn't see was the options market betting into earnings out of the money puts. And I said, well, this could be a scenario of, well, maybe it's already all baked in, maybe all the bad news, whether it's the price cuts, the giga plants on hold or shut down, all that case would be, well, maybe it's just if they don't say anything silly, if they don't say anything so egregious, maybe the stock could actually rally. Yeah, that didn't happen, right? That didn't happen at all. If you look at Tesla's earnings last night, they pretty much disappointed on every single metric, including their margins. Even the margins did not come in as well expected. And for that, stock is down 25 points today, pretty aggressive move down. You have a 12% move down in the stock. And all those repeat buyers, and that's one of those things that people talk about all the time. Somebody knows something. Somebody definitely knows something. There was a guy before earnings. If you guys remember the video from two nights ago, there was a guy before earnings. He bought 150,000 shares at 210. We kept on talking about that repeat buyer, repeat buyer. And it really does show you, you could physically have the report in your hands. And I've been saying this for years, nobody's going to know. Nobody knows how the market's going to react. And the market has spoken. Tesla right now is literally down about 25%, 25% or so, so far in 2014. And now, because the catalyst is out of the way, unless Elon Musk, after the quiet period or blockout period, then he could start accumulating stock, maybe get back to that 25%. He was talking about not a lot of faith right now, right? Not a lot of faith, not a lot of optimism going into the remainder of the quarter in the stock. Is it possible the stock has a Deccat bounce? I'm sure. I mean, the stock was down 12% today, but at least today's lows are definitely lining the sand going into for the future, right? Whether it's tomorrow, whether it's at some point this week or next week, today's low is going to be a very, very important line of sand for more downside. And the wonderful thing about trading is, you know, your opinion, my opinion, everybody's opinion doesn't mean anything. Okay. Once you have price action confirmed ranges, whether it's at the top of the range and the bottom range, that speaks the loudest. And no matter how much of a perma bowl or bear you are, if you're wrong price wise, you're wrong price wise. And that's one of those things that you don't have to argue with complete strangers. It's either going to go up or down and price action is a big thing. And, you know, it lost this 206 level. It lost this 194 level we've been talking about for a few weeks. And now we're just kind of in no man's land. And again, unless something really, really good that captures the investor's heart comes out in the next couple of weeks. You should see lower prices in the next few weeks. Again, tomorrow could definitely get Deccat balance, but I have no interest playing the Deccat balance. I'd rather short it into supply for a move back down. And I'm definitely watching for more selling on the lows this afternoon, right? You have two big earnings today. You had Visa. Okay. You had Visa come out with earnings. Getting hit after the close. You have Intel coming out with earnings. Getting hit after the close as well. It's recovering a little bit. And again, this is a semiconductor. This is a second semiconductor is now disappointed earnings back to back days versus Texas. And now it's Intel. And if this was 1999 or 2000, the NASDAQ will be down the lock limit because Intel, Microsoft and Oracle and Cisco, they were the big leaders during that time. Now it's just another semiconductors. But again, if you look at the semis after this massive run up, what's the video down? A couple of bucks after the close, right? You have AMD. You have AMD flat. So very, very impressive the staying power for these bulls. Again, can they survive another haymaker for another earnings disappointment in their group? We'll see tomorrow. Again, there's a lot of charts that look really, really good for tomorrow. But at least now we have the potential to at least to watch for a potential rug pull. And again, a rug pull could come at any time, especially at euphoric levels. But at least what we saw today is exactly what we've been talking about now for a couple of weeks. You might not get a rug pull today. You might not get a rug pull next week. But the one area of interest is always the five day moving average. And you can see here, the last several times it's hit the five day. That's this orange line, the cues of bouts, the cues of bouts. So today's lows, that's the line in the sand, right? That is the five day moving average. So if we start losing, and guys, write this down again, it doesn't necessarily have to happen tomorrow. But this is something you should really pay attention to in case that level snaps. Stocks will come in. Again, gravity is real. No matter how strong the market is, I've traded the most euphoric markets. And even some of you guys who traded 2020, 2021, you know how euphoric it is. 2023 was completely euphoric. But we all know during that time span, if there is a breach of the previous day's chattel, especially the five day moving average, you could get a very, very aggressive pull. And the market could still be in a very, very healthy space. So write down this level, guys. The cues for the rest of this week, 424 is the line in the sand. Just in case the buyers get tired, we know the area in the sand that we need to pay attention to for a potential pull. So on the cues, it is 424. On the spies, it is stopped right at the same area back to back days. The spies need to lose, you know, 480, 480s, right? 480, 480s. That would confirm the five day moving average. At least give it a little bit of a breather to the bulls for a potential back test. Everything else isn't even to look at. IWM, I really don't pay attention to that index. But IWM 194 is held now three, four times. Any clothes below 194, the speculation money will get pulled as well. But the remainder of the stocks, you know, they still continue to be very, very strong. You know, today was definitely a session that if you didn't need to chase the video, you didn't need to chase AMD, you didn't need to chase the really, really crazy stocks. Because in this type of environment, the second and third tier stocks, they're all waking up. And let me give you guys a couple of examples of what we saw today. So we started today. We were watching Micron 90 needs to build. It stopped right at 90 again. So Micron back to back days got rejected off 90. That's going to be the big area going forward. Amazon still looks really, really good. Really good. It continues to build above the 15720s. But now back to back days, it's stalled out at 15850s, right? Back to back days. So again, this is the big area. You can see back to back days stalled out of the 158 area. If they could get above that, you started seeing some 160 weeklies come in. We started seeing some 175s for February. And remember, Amazon's one of the very few that hasn't really gone into orbit. So again, something to watch on Amazon for the next couple of days. Dock you didn't go, guys, I want to give you a perfect example, right? A really, really perfect example of what this market is. When was the last time, right? For what you guys have been trading for a long time. Number one, what was the last time IBM beat a quarter, right? I'll wait for that. But number two, what was the last time you saw IBM up $2025? That's the market we're in. That's the whole point of fund managers continue to chase performance because they don't want to be on the hook once again for 2024. Like they did with 2023 sitting on the sidelines saying, well, this market can go on a higher 54% later. Yeah, it could. And that's the whole point. So IBM, beautiful move today. Beautiful, beautiful move today right at the open. They came out with earnings. They actually beat their numbers. 188.75 needs to build. Look at this move on IBM. Talk about euphoric market, right? So here is the 194, right? 180, what was the number again? I'm sorry. 188.75. So here is the 188.75. It got rejected there several times pre-market. Once it reclaimed it, I mean, this thing went up another 10. Really, really big move. Congratulations to all you guys who caught IBM, Adobe. Again, another stock, another really, really good move. As we're talking right now, Intel is starting to get heavy again, starting to pull down a lot of the semis. Again, we'll definitely watch some semis for a potential back test tomorrow if that's even possible. But 621, Adobe needs to build. Here was Adobe, right? Took out the 621, took out this whole space here. 621 went all the way up to 627. Again, nice move, beautiful move on Adobe as well. Uber, right? Uber, a buyer came in, a really, really big buyer came in for the March 70 calls, 1.9 million. Again, the options market really sets fire to the equities market. When it does, and the buyers come in, it sparks up the stock. And once it confirms on the daily chart, usually good things are going to happen. Uber 6481 needs to build. Here is Uber, and I still like it for tomorrow in case it starts reclaiming today's channel. Big breakout on Uber, beautiful, beautiful move there as well. And I believe that is it, right? I believe, yeah. So we shorted some Tesla, we shorted some Tesla in the afternoon, literally after its first spike, it went down to like 81, 80s and then it was just taking too long. I got out of the position. It's pretty much hanging in there. More important, I think Tesla on the radar for the next couple of days, is it possible it could have a day two tomorrow? Absolutely, absolutely. But I definitely want to see today's channel get confirmed. If it does, maybe we'll get one more day of selling. So that's it, guys. Let me give you guys some ideas for tomorrow so you can get prepared if it's your thing. So Uber, we still like, obviously we want to see this thing confirm above today's channels. Tesla, we talked about, I'm going to watch the new video just in case, just in case Intel starts taking down these semis. I want to watch this thing below the five-day moving average. I also want to watch AMD below today's channel as well. Again, not the easiest trades in the world, but if they start losing the five-day, that's exactly what I'm looking for. A smaller name, right? A smaller name. I really don't know anything about this thing, but this thing looks pretty good. FUSN, if it starts getting above this channel here, can wake up as well. And Amazon. Now, Amazon is definitely wanting to watch, again, again, this is one of the very few that hasn't gone Gonzo yet, right? So we're still watching the same level. It's been rejected now back-to-back days. Let's see tomorrow it could finally go through. And obviously, Tesla, we watch every single day, tomorrow. Let's see if there's a day two selling session there as well. That's it, guys. That's it. Good market. Great action. Bulls are in control. But, again, guys, don't be naive. No matter how great the market appears to be, take off the rose-colored glasses. It means absolutely nothing if you're sipping your own Kool-Aid. Stocks do go down. They do go down aggressively. And if you're not carefully, if you are, it's still chasing stocks way above their daily pivot. So you're going to have a very, very aggressive pull because those are the ones that get pulled first. Again, remember, if you're going to jump, right, jump out the first floor. Don't jump off the 21st floor where a lot of these stocks are currently trading. Guys, God bless everybody. Have a great day. Have a great Friday. And I'll see you all in the field tomorrow. Take care.