 But kind of a trade that's setting up for tomorrow, just in case that we have one more day of rest or one more day of digestion or the channels kind of contract right before kind of a next leg up. We really should pay attention to this China trade right and again maybe it confirms maybe it doesn't. But if Baidu starts taking out this whole channel here and confirms this area, hell, there's another 7... 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 a Tuesday edition of the Access a Trader dot com nightly wrap up show. Hope everybody is doing well. So it's not what the market did today is what the market didn't do today that was very, very impressive. So we had this really big run up for the last several days focus being on the NASDAQ 100 big reclaim of big macro levels, the 50 day moving average and this whole macro channel here, 324 and we had a really, really big run. Primarily semiconductor lead. I think everybody can agree with that. Even before the NASDAQ reclaim those levels, the semiconductors, you know, names like NVIDIA had a really big run. And again, we took advantage of NVIDIA, AMAT and we'll get to the relevance of AMAT today for it in a second. AMAT had a really big run LR CX and again, you just go through a lot of the semiconductors so they let right that was the power storm. You had AMAT today have analyst day and midday today you can see kind of by the 16 minute chart here and you go through a lot of the semiconductors you'll see it as well. You'll have a lot of you know, a lot of a lot of profiting right analyst day came had the big big run they really didn't say anything crazy horrible horrific anything it was just too big a move. And they took down a lot of the semiconductors. Why is that relevant because the semiconductors make up a really, really big part of the NASDAQ 100. And if you look at how much weight they do have on the NASDAQ 100, considering the run that we have from just four days ago from the cues bottoming out around the 311 area, reclaiming 321 and the 50 day moving average and this 324 level. The idea that the cues were down only 25 cents today is super bulge right absolutely super bullish considering how much weight the semiconductors had and how much of a reversal the semiconductors had intraday. And the most amazing part about today's really good productive rest day right digestion day whatever you want to call it is the idea that sellers are very, very comfortable with what's going on in the market so case and point Google had a monster breakout yesterday right was up about 90 points. The stock was down nine right nothing. Amazon was up 68 yesterday. The stock was down two right two bucks. Microsoft had this monster rally yesterday monster six seven point rally the stock was only down a dollar right you look at names like Apple and the funny thing is Apple is not even out of the woods yet it's still a macro level and you can see this whole macro level. It has to reclaim the idea that it didn't even sell off after hitting the first supply zone is super duper bullish you have a name like square woke up to first close over the 50 day moving average is super duper bullish so names like Facebook that had their really big runs gave back a fraction of their of their gains and names like Netflix had a really big role will show you the pimpets in a second. Roku got upgraded today had a really really big run and it's just kind of like a day away of really really taking back control this whole channel here so you have to love what the market did today and when you see sellers are very comfortable with just giving back fractional you know fractional losses from the previous day or even the previous week you know you're in a very very good structural environment what I kind of like today also was the names that got hit really big. Okay the whole unwinding again I haven't done a lot of due diligence or really research of what exactly happened and those hedge funds in in Asia I don't know what the hell is going on there but we all know the players players like by do right got murdered and Ali Baba got murdered and names like IQ they got murdered what I like what I what I saw today was not that the dead cab bounce played out right you know even even name like PDD I believe isn't in the same group as well. Anyway so make a long story short it's not that I liked that there was a dead cab bounce today I like the fact that the dead cab bounce is continuing and these channels are getting tighter and tighter and tighter on a resident of the market which basically tells you what it tells me is people are using a day of rest on the Amazons the Googles the Netflix whatever the case may be of the worlds and their money flow is going from the stocks that are resting into the stocks that got beat up and it's and it's actually setting up into a pretty interesting trade for tomorrow assuming they confirm okay this is just me you know you know getting some research done kind of looking at levels but I'll tell you one thing if there is one more day of rest and you can and again you could throw maybe Tesla into that group as well right Tesla had this monster monster move yesterday gave back some money but you can see what's going on with Tesla as well again this is the second day in a row that's closing above this 150 day moving average these are all bullish signs I just want to kind of throw that in there but kind of a trade that's setting up for tomorrow just in case that we have one more day of rest or one more day of digestion or the channels kind of contract right before kind of the next leg up we really should pay attention to this China trade right and again maybe it confirms maybe it doesn't but if Baidu starts taking out this whole channel here and confirms this area hell there's another seven to eight points there if Alibaba could turn around right turn around and you can see it got rejected off the same area but if Alibaba can just kind of reclaim this level right you have another seven to what ten points in the trade so if you go through these Chinese stocks and again it's kind of trivial everybody knows who they are but if you go through the Chinese names that got sold on that unwinding these are potential plays and maybe a lot of people won't even acknowledge them maybe even a lot of people just say hey it's just a one hit wonder maybe they are I don't know maybe we're having this conversation tomorrow night and they say well Alibaba was the one they wanted we don't know but if the market does confirm and we do see another day of rest well here again this is a perfect example of stocks getting rejected at the same levels coming out of supply and if they confirm you can see where your next potential is so pretty good here so as you can imagine today was very productive from the macro point of view but you didn't get a lot of that you know chess pumping you know a crazy aggressive moves the only two aggressive moves that really were today were on Roku right Roku got upgraded by I believe this ever core had a monster monster move and I still like it obviously for tomorrow on Netflix as well the only weird part about Netflix we've been talking about Netflix as a macro as a macro trade for a very long time right and ironically today something happened on Netflix I caught a trade on Netflix but not the way I really wanted to and if you look at the pivot feed right we'll talk about that in a second right so let me just show you as you can imagine a lot of names just didn't confirm today just because it was a rest day but a lot of names held as well so if you look at the feed today and you know I was looking at Tesla obviously never got there RBLX never got there so Netflix opens up 40 like literally 544 and that was the kind of the area that I really really love and I would say it went from if you look at the opening bar right if you look at this opening bar it literally went from 544 544 to 554 no joke probably on less than 100,000 shares right like literally it just it just absolutely exploded the unfortunate part was I didn't get a piece of it it just literally exploded it felt like they were just spreading up dollars like literally spreading up dollars so we had to wait we literally have to wait for this stock to come back into this area here in the 46s I started buying in the 46s my highest sale was 550 it went to 551 and my runner got stopped out break even but it was very odd that it gave back pretty much the whole day considering and really realistically considering how strong the setup was and how strong the sellers were willing to kind of give the bulls the benefit of that so very very odd here but if you look at the rest of the day again if you caught that opening print I know a lot of you guys did I unfortunately missed that first $10 candle you could really you can really see how aggressive this was so the ones that confirmed you know they did very well but the ones that didn't kind of sat there Netflix was big Amazon yesterday was a huge pivot I know a lot of you guys are still holding a runner went as high as the almost 3250 today that was the big movement just sat there and this is what's so bullish about Amazon we saw really short term you know short term buyers come in pretty much on digestion right like really on digestion here is the pivot and the stock was up 68 points today it was only down a couple of bucks at one point today it went right to green it took out it took out this $238 level and put up another 10 points it still looks higher to me I still like it maybe just needs one more digestion Facebook again it was tired was really really tired it took out the 11 ran up maybe you know 40 cents or so nothing before it reversed so you can tell that a lot of names are just really really tired off moves riot never got there Max and never got there again another perfect example of stocks being very very tired Joe credit Swiss initiates coverage $16 price target needs to reclaim again not a big move right not a big move at all and you'll see it right here not a big move whatsoever but it took out the 1190 right took out the 1190 took out 12 and went to the 1230s again still looks pretty good for tomorrow again you can see that it was a limited limited amount of value in today's session compared to the previous couple days but it is what it is a digestion day is a digestion day again a small move on Apple as well only went up like 3040 cents again the big number is going to be that macro 50 day moving average that's I still like the fact that it held up today so that's very very bullish Microsoft Microsoft never got to the 250 seal never got to six as you can understand there's just a lot of names here next stop 557 got to 554 Netflix Tesla you know just kiss that level actually kiss 595 70s and came right back in so yeah I mean this was basically it was a very healthy structured day of rest in the market. I think you know if you were a little bit less active today it's not the worst thing in the world again every single day you don't need to trade like a maniac you don't need to to sit there and try to kind of reinvent the wheel every single day if you're getting good cards you're playing cards if you're not getting good cards you know guess what the next day is going to be some better value so can we get possibly another day of rest tomorrow and a lot of names and you know put up some pretty good pretty good moves on the scoreboard absolutely so I think our job for tomorrow is you know maybe watch those Chinese names the Baidu's the Alibaba's of the world you know keep an eye on those I've been watching this RVLX for three days and three days is just digesting digesting remember I had a decent trade on this thing yesterday it's just digesting remember Goldman Sachs upgraded them maybe this thing wakes up tomorrow so we have to be you know very very I don't use the word very picky because it sounds like I'm kind of describing a describing a cell bias environment but again keep this in mind if stocks are going to rest you're not going to get these big expansion channels so you have to really pay attention to the names that are coming off the bottom so that's it guys have a great night everybody hope everybody is doing well hope everybody's alive and healthy and kicking and most important happy guys God bless and I'll see you all tomorrow