 The eventually the music will stop. That's a fact. Okay, it's happened to me During the internet craze during the bottoming effect of 2009 and happened to me in 2020 Eventually you're going to run into a euphoric solid 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 give me everybody welcome to another edition of the access a trader calm a nightly Wrap-up show. Hope everybody is doing great. Hope everybody had a great Day of trading hope everybody just having a great life and that's the most important thing if you are brand new here Welcome aboard. We would like to invite you to like share subscribe So you can be part of the daily journey of the wonderful world of pivots and via Technical analysis, so let me know if you heard this before the market is strong, right? That's end of the video. Have a great night. See you smart Realistically, that's what it is But we have a little bit things to talk about prior to that CPI came out today The market liked the inflation numbers. They liked it so much that the S&P and Nasdaq have finished at a 13 month high. That's right to 2022 seem like it was the end of the world and that's like was down 31 percent What's going to change the markets going to a deep recession allegedly, right? We're going to go into depression. The world is over and there might be another pandemic. Oh boy. Oh boy Here we go. Here we go. Yada yada yada 13 month highs and the question is how long can this market sustain this rally? Again, if you've been watching this broadcast, especially for the last three weeks All I keep on saying is realistically like every day or every other day. Just give us one more day Just give us one more day. Just just give us one more day, right? Because again, it's such an incredible magic carpet ride and the aggression and the Exaggeration and some of these moves are phenomenal and and the recipe continues to be the same thing the daily chart comes along There's massive deep out of the money call Short-term expiration buying the fuses lit and then the stock absolutely explodes We'll get to the pivots in a second tomorrow. We have the Fed. Okay, again There's the medium consensus is they're going to leave rates Unchanged at least for one For one session. We'll see how the market reacts to that But the market continues to just go absolutely nuts. There's a rotation Doesn't make a difference what it is when stocks are coming out of the range. They continue just to go absolutely nuts Pre-market today, you know pre-market the first thing I woke up. I was up, you know 4 30 in the morning The the one it's like the gift in the curse You know, I've been up, you know, pretty much five, you know 4 30 5 o'clock in the morning Just because of these overnights you're getting the most, you know, sometimes you get the most exaggerated prices So my sleep habits have been held but you know, the action is so aggressive. So, you know last night Came in some Intel came in some Amazon this morning. I woke up 4 30 in the morning Everything was gapping up again ahead of the CPI number and I said hey basically guys sell 90% of your Intel Amazon or anything else anything else that you long at the open biggest challenge now is to find value with the rest of the day And that's exactly what we did. We actually found a lot of value and again What we'll talk about we'll talk about the individual Pivots in a second, but it is a broken record and again, sometimes you say to yourself well, you know, how long is this gonna last? Is this gonna be forever and I promise you I give you my word the the biggest euphoric markets I've traded the internet craze the 2009 bottom generational bottom the 2020 pandemic run it all ends it does and it doesn't mean it ends goes into a back bear market And we're gonna be in a bear market for the next five years all it just means it's gonna slow down okay, it's gonna slow down and You're going to run into cycles of normality and basically what that means is instead of NVIDIA putting up an $11 candle Maybe puts up just a $2 candle and people are gonna be like so disappointed when that finally happens But that's what I'm not a normal market and I was I was joking around with one of our guys say I think it was David You start hearing abnormal things with exaggerated markets So for example, I hear people now talk about all the time Dan. I'm running out of buying power. That's not a normal thing That's a good thing, right? That's an absolutely great thing and cheers to all you guys I've had the same conversation with but that's not a normal thing You don't run out of buying power in a normal market and that's the exaggeration point That is it really the epitome of what a euphoric market is but hey, how can you not love it, right? I mean, I guess unless you're shorting the market all the way up. I get it But how can you not love it? So, you know, look, it's the same plan going into every single day Take the stock that is coming out of a range take the stock with the option flow Take the stock that's coming out of either bottom range or a tight middle range after the consolidation Get long above the channel and hopefully the options market will bail you out and that's exactly what we saw Going into today's trading day. I woke up like 4 30 in the morning Amazon was up nearly three. Of course you make sales. That's the whole point guys And you hear these questions all the time that I get a lot of you guys are still brand new If you're taking the risk overnight You don't need to you know, you don't need to sit there to wait till the open to sell your stock Right, I get it some of you guys are trading on the option side But you could short sell the underlining security to kind of start pairing you out and gains But that's the whole point when you get a gap up if you're taking on the necessary risk Think to take a stock that has potential over what I gap of you sell that gap Oh, right you keep a runner and you let the runner do the heavy lifting for you If the runner keeps on going in the next couple days God bless if the market if the market stops out your runner at your break-even point You did your job But you're either supposed to get stopped out or your stock supposed to get measured potential But either way you did your job in this type of environment when you get you know When you wake up and I got three dollars on Amazon and I got a dollar seventy on Intel I'm like, yo, it's it's phenomenal It's absolutely phenomenal and you take your money use break even as you stop and start looking for other Opportunities so going into tomorrow. I mean look at the at-dexes right again You might get one more stretch into this 366 level probably run into a little bit of supply on the cues again It's so hard to find value up here, but that's our job, right? We talked about this all the time That is our absolute job going into every single trading day the IWM Since the breakout since the breakout above 182 that we talked about which was an awesome awesome movie I like this thing this thing went from 182 to basically 189 in five sessions. That's a very very good healthy market You look at the SPYs Again just an orbit, you know somebody asked me was the next, you know, where's the next supply for this thing? I said look up I mean obviously joking around but look up it's just it's the sky and these stocks are just absolutely in orbit And the problem is eventually the the music will stop and the question is are you going to have a plan a contingency plan To make sure that you have a seat, right? They have a chair for the musical chair game again I know it feels great. It's wonderful Especially if you're a brand new trader in this type of environment and you're catching your first wave But I give you as I tell you on my children This is will end one day whether it's tomorrow whether it's three weeks from now Maybe it may be two years from now Who knows but eventually again You always have to put yourself in a position that you're buying on the first floor again If you're a brand new viewer Into this child buying from the first floor versus buying from the 12th floor on the first floor You're buying out of a tight range that can solidate for at least two three weeks Maybe a couple of months and if you fail you fail for pennies if you're buying it up here, right? If your first trade tomorrow is the spi up here After a run-up right after this whole big run-up here. You're doing it wrong You're jumping out of the 12th floor and again, maybe you survived again heard that tell me if you heard this before Maybe you survived. Maybe you don't but the point is why jump off the 12th floor when you're still having some value Or at least a good amount of value still stocks coming out of the bottom In the middle of ranges this market got so good just to give you an idea AMC Right was a cult classic. You guys remember all AMC, right? It's going to 3000. It's going to 12 000 It's going to a million. It's going to 8 million. I'm not selling it before it goes to 38 000. It's a five dollar stock What's olreax, right? It's a five dollar stock But even this salt of the earth, right? This thing challenged the 50 day moving average We saw 550 weekly calls coming this thing if this crap catches momentum I say crap in the nicest way. I know you guys some of you guys are attached to this. I don't know why but okay Right if this crap starts going starts confirming the 50 day moving average and again I would never even even remotely suggest even looking at this thing for a trade when there's other stocks breathing and walking the earth But if my point is if this stock starts confirming the 50 day moving average It really does show you how great and aggressive the speculation money flow Is in this market and continues to be so you guys remember a couple of days ago I was looking for that blow off trade this setup, right? I'm not sure tesla guys The blow off setup hell this thing this thing just looks as going to 300, right? What am I crazy looking for a blow off top right again? Blow off top usually means it's going to take out the previous day's low I've been waiting for this previous day low for three days and literally the last three days are the only times I've not traded tesla in this whole run up on this move up But hey, this thing looks like you know, they're coming for for the 265 270 weeklies This thing is out of out of its mind and obviously because of the euphoria, you know I'm gonna miss I'm gonna miss the next move, but you know what it's okay. It's okay On the video keeps on just going out of its mind as well We talked about in the video last night Repeat buyers guys and we'll get to the to the some option flow In a second, but we'll start with the video Mass of 420 calls is coming in 420 weeklies 420 weeklies. We started talking about in the video yesterday Getting above this range here. It stood above this range and now it looks like you know, they there's a shot This thing starts testing the 420 Top of the range highs from the highest from made the 30th again the relentless buying today of the weekly 420 calls here are some names that had massive option flow guys AI we had an incredible pivot on AI. Okay, what I mean incredible pivot. You see this move Yeah, I think that's a that's a call for incredible when the stock was at 38 and a half They started coming non-stop for the 44 Weeklies non-stop one after another and after another and once the stock took out this 3940 again We'll get to the pinnets in a second. This thing was just an absolute monster exploded Look at a name for example like rivian, right? We've been talking about rivian rivian filing woke up today Right woke up today. Again, they can constantly coming forward the 17 and a half July calls all it just needs to do is just take out one more channel. You see this whole channel here Going back to april if it could just get above this channel here. Why not? Why can't this thing go uh to 16 bucks? intel I still have a runner small runner on intel again the highest close In this whole formation here Um AI we talked about letter u right letter u as well again another name That woke up today. It's got rejected off the top of the range here But keep an eye on letter u they were coming for the 40 and a half weeklies the 41 weeklies If this thing could just get above this channel here in the next couple of days, who knows? Maybe this thing Wakes up as well other than that. Uh, apple got a downgrade today You know really only down 50 cents AI AMD had its uh had its uh AI day today again This is kind of my whole point when you have big big run-ups and you're still constantly buying stock buying stock Even regardless if there's an event or not they're gonna sell the stock off again This is a perfect example of buying stock on the 12th floor. You don't need it Here was the breakout. Here was the breakout. Here is the continuation. This is just all Ridiculous and again, I'm not saying AMD can't go higher than near future But my point is if you're buying a stock 30 points away from its breakout level There's always a higher probability that it'll come back harder Uh than the point of reference than it originally did so you got to be very very Careful for that. So again our goal for tomorrow. Look for tight channels, right really tight channels Let me give you guys some ideas for tomorrow and then we'll get to the pivots really quickly Uh, let me give you guys some pivots. Look look at marvel. Okay marvel had a really nice quarter Again semi conductor has been super duper hot had a really nice quarter came in If marvel could just get above this channel here You see this high here on june the seventh if they could just start getting above this june seven Candle here this thing could wake up keep an eye on this thing bb i o another name I'm not really familiar with but honestly. What do you need to be familiar with look at this? Look at this. How long this distribution channel is it's going back to april right and if they can get above this distribution channel This bb i o uh can wake up as well. So keep an eye on that Obviously, we're still watching uh you really good-looking channel there. I'm watching for rivian For a second day play there as well. Obviously look If tesla gives us a light volume open a light volume open I'll talk about starts imploding until a light volume open into rise and support and it holds I mean listen is this worth a shot for a balance in the video as well But the last thing I want to do is just keep on chasing these prices chasing these prices My last sale my last sale on tesla three days ago was in the 40s the stock right now is a 260 It's mentally mentally. I can't buy and I know it's going higher You know, it's telling me for you know, it's telling me now for the last three days Since i'm waiting for a backside test which is not coming It's telling me it's going high the options market is going me high I just can't mentally wrap my head around buying the stock up 14 days in a row The same stock that I just sold three days ago $18 lower, which is out of its mind But god bless if you're still riding this thing, uh great great job. I mean absolutely a great job So let's talk about the pivots today. Again, my first thing this was like a five o'clock in the morning Guys sell 90% of your amazon intel or anything else that you have Our biggest challenge today is finding you know finding the value for the rest of the day We found the value we found the value got really aggressive very very quickly Chewy 39 and needs to build here was chewy which I think we talked about chewy last night on the video Chewy finally got above this channel here ran up about a buck nice move there still looks higher Uh apple if it shakes off the downgrade needs to be 184 it got rejected at 184. I wasn't even watching apple Gtlb 4980. I wasn't watching gtlb either Uh 4980. Let's oh, yeah, it broke out. Yeah 4980. It got above the 4980 went to 51 If you if you took this as a trade, I didn't uh, but good job. Good job. Not something I really trade here. Uh rivian a nice little pop here 1490 15 needs to build here was rivian again Those 1750 call buyers continue to come in Popped into the 15 into the 1540s now. I just need to get above this channel here to see north of 16 letter you went nuts 1737 90 38 needs to build again 41 weeklies coming in 38 when you know took out this whole 38 channel here Got rejected the 39 50 level. This is where it needs to reclaim To go higher You know like a here we go 39 40s on deck from 38. This was definitely the move of the day I caught this thing for about a dollar 60 dollar 70 in a matter of minutes And oh by the way, this thing went up another five Right a 39 40 rejected three times needs to build. Uh ai was just great Ai was great. So here's the 39 40 see these two candles here the high here on june the 7th was 39 40 The high from june the 9th was 39 40 So once it got above the 39 40 this damn thing went to 46 It's an absolute amazing amazing move on ai I go 42 on deck try 46 on deck Later rivian 15 30s next supply which it absolutely went and I believe that is it. So that's it guys That's it. Uh market continues Uh to go nuts again guys remember, uh, the eventually the music will stop. That's a fact. Okay It's happened to me uh during the internet craze during the bottoming effect of 2009 and happened to me in 2020 Eventually you're going to run into a euphoric Solid wall and unfortunately most traders won't realize it and they'll give back three months worth of gains Within a couple of days. We don't want that to happen Always trade with confidence always trade with conviction But always trade responsible guys. God bless everybody. Stay blessed. Stay happy and I'll see you all tomorrow. Take everybody