 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 theaxesandtrader.com, a nightly wrap-up show. Hope everybody is doing well. It felt very odd today. Even though the market was open on Monday, it was a half a day. Tuesday, we were off for 4th of July, and it feels like so weird to start the week. It feels like you were starting it literally in the middle of the week, where we are. And when I started today's session, I kind of didn't know what to expect. Just because we're coming off the 4th of July holiday, a lot of people took off for the extended time off. So we kind of wanted to see what was going to happen. We had our game plan, a lot of names we've been watching, we've been talking about for the last week or so. Finally came out of ranges. Meta really, really big move today. Square came out of a range today, which looks really, really good for the rest of the week. But there was a lot of names that kind of just sat there and did absolutely nothing, or put in kind of lower highs from last week. And I think that's something that we should really, you know, pay attention to. Before we go on to that, again, for all you guys who are branding to the channel, again, thank you very much for watching. We appreciate and we value your viewership. If you can be so kind, if you are getting value, just click like, share, subscribe, all that good stuff. And we can continue to provide the nightly update for you guys and be on this journey together. So it's something kind of what we know I started looking at at charts after the close. And I noticed, you know, we did this kind of little, I don't want to use the word double top because the word double top kind of signals that that's it. This rally is over. No, no, no, let's not, let's not, you know, jump the tall spaces in front of the horse. It looks like we did fail to take out the previous weeks high. And that's something we have to pay a little bit close attention to going into tomorrow's session. It's not going to be pretty, it's not going to be obvious to a lot of new traders, especially passive participants of the market. But, you know, I always look at the little things and I always say on every single video, I try to be prepared on both sides of the market. So once I kind of identified that, hey, we didn't take out the previous channel. And if you look at the last three days of the queues and you can make an argument, this was, you know, you'll see these are the two narrowest, three narrowest ranges that we've had probably in the last two and a half, three weeks. Now you can make an argument, you know, the Thursday candle where people were taking off ahead of the 4th of July weekend, Monday's candle, people are already on vacation, and today's candle, half of the people are on vacation. So we don't want to put a lot of, you know, a lot of thought or overthought into that, but I want to pay, I want to still pay attention to that. The fact that we're getting narrow candles and we didn't take out the previous week's highs, it's just something to watch out for. Since I am kind of a little bit hesitant or at least have my radar or in my defense systems up, now I start looking for groups, right? That didn't participate or they had big runs and starting already to fail the previous week's channels. And if when you look at that group and you start looking and you start finding that group and you try to piece together this data, because again, all trading is, at least for me, is research, is getting data, putting the pieces together. And if everything is trading on one side at the same time and all sentiment full go, then the market is good. If everything is trading to the downside, nothing's rallying in the market is bad. But here's one of those scenarios that's a little bit tricky. We're coming off a holiday weekend and now we have to try to see if there is a little bit more teeth to the bite. I don't want to use the word bears, just a simple case of backtesting. If we do put up another narrow range candle on the queues, I'm going to start to pay attention to it more and more. But the group that I found, and again, if you go through the NASDAQ 100, it's not really hiding, the group that I found that showed a little bit of weakness, you're not going to be able to see that with the NASDAQ 100. I mean, realistically, the queues were down a penny. They were flat. But if you look at the group that had the really big run up in the last couple of weeks, you'll notice they had a really big move down today. And that group is the semiconductors. You have land research going down 22 points. You had Micron that came out with good numbers. You guys remember, came out with good numbers and they sold it. And Micron right now is sitting at the bottom of this channel here. Again, that's not a good thing, right? ASML, not a name that I usually trade. But again, you can clearly see it's sitting at the bottom of the range here, right? You see it? It's at the 10-day moving average. It closed literally at the bottom of the range. This bottom of the range fails tomorrow on ASML. Maybe this thing gets hit as well. Intel that had a great, great run, right? Had a great, great run is close to, right? Close to the bottom of the range is here. So if you go through the NASDAQ 100 names, but especially names of the semiconductors, right? And it's not going to be obvious because the SMHs are not at the bottom of the range, although some names like ASML and MU and names like Intel and AMAT reversed. Even in the video reverse today, there's still way above their ranges. And that's why they're not really short. This is more of kind of a participation piece to kind of watch out if they pull down the rest of the market until the SMHs get below 147. I really have no really big alarms being set off. But this is one of those groups that you could definitely pay attention to. And if we have another day of weakness tomorrow, again, if you go through the NASDAQ 100 guys and think about it, there's only 100 names, what, about 20 of them are semiconductors? It'll take you a minute and a half to do your watch list for today. You'll see what names look really, really bad. You know, look, there's still a lot of really good looking charts as well. We talked about for a couple of weeks from meta putting in a very long distribution, had an awesome, awesome breakout today. Really awesome breakout today. We'll get to the credits in a second. We talked about UPST last night in the video. Had a nice dollar pop before a little bit of profit taking as well. There's names that I like. There really are. There's names that have nothing to do with beta. Like look at a name like Robinhood. Yes, I promise you. I'm not drinking, smoking or anything else in between. Robinhood does not look bad. Robinhood had a big juicy candle on Monday's session. And inside day today, they started coming for the 11, 11 and a half dollar weeklies. Let's keep an eye on this thing for the next couple of days. It doesn't look bad at all. Name like, for example, let me give you guys a couple of the names that I'm watching. Names for example, like look at AI. Look at some of these AI stocks, right? Meanly AI. AI broke out at today above the 10 day moving average. Let's watch this thing. This thing starts confirming today's channel tomorrow. Maybe this thing wakes up. Look at a name like Path, right? Path is another AI type of stock, right? The stock got rejected right into supply. They start coming and start reclaiming back the supply. Let's think, go wake up. So this is a very unique market. Again, I believe the whole theory of while a slow market, summertime market. Again, that's another long list of laundry names of myths and wives tale about the stock. The market is the market, guys. Some days there's more participation, some days less. But there's no such thing as a slow market. That there might be slow, your participation of your process might be slow. And that's fine as well. But the market's the market, right? If there's option flow and institutional money flow coming into the market, stocks will move, right? And you'll see the pivots in a second. So this is one of those scenarios that I think it's a very specific type of environment right now. We're after a long colony kind of vacay, right? And now the question is, do we trade the market or do we trade the stocks of, you know, the stocks that are trading in the market? Well, it's an important part. Again, there's no such thing as a stock market, guys. We've been saying this for years. It's now a market full of individual stocks. And these are the names I'm watching. PATH, AI, Robinhood. Again, I'm watching for them to see if they confirm taste channels. Look at Square had a great, great breakout today. Square confirms today's price action. Maybe this thing could wake up as well. Tesla, right? Tesla had an awesome, awesome inside day today. It didn't take out the previous day's highs. That's exactly kind of my little bit of concern with the whole, you know, the whole marketing and kind of the example was the cues that they just couldn't take out the last week's channel. So I just want to keep a close eye if this kind of has, you know, the potential to play out a little more. And again, this is where we're going to use our research, especially in the semiconductor names to see if we can have some value to the downside if indeed the market gets pulled. That's kind of it. So let me give you guys, let's talk about the pivots today. You know, look, I've always said, you know, if you're trading 10, 12 tickers a day, I don't know what you're doing. I really don't. You know, value is predicated on the previous night's research. Okay. If the previous night's research is giving you three, four really good looks, I don't understand where you're getting to 12, 13, 18 trades. The value is always a previous night's research. It'll give you the highest probability to confirm. And if it doesn't confirm, then you did your job. That means the market is reflecting your research. And today, like every other day, we were prepared. We had alerts set it and we always set alerts. Even if a stock doesn't take out the price the next day, we always have alerts set for and we're always ready. So let's talk about this. Marvel never, you know, never came close to the 6150. Affirm never got close to the 1654. Roblox, we've been watching this 43 level and never got close to that level. UPSC, we talked about this on the weekend video 3884 needs to build. Here is UPST, ran up about a buck, right? Had a nice little run up here at the open and nice little run up here at the open. Ran up about a buck. Nice job for all you guys who took it. Not a huge move, but good enough. Riot 1346 needs to build. Again, not a big move, but you know, it is what it is. Took out the 1346, went to 1386. This thing still looks hard. These Bitcoin, you know, Bitcoin derivative names are still moving. Riots moving up. Mara is moving up. So 40, no, there's 40 cent pop on Mara. This was the big trade of the day. Okay. This was the absolute big trade of the day. Meta, we've been talking about Meta for a couple of weeks. It's just been just going through distribution. And once Meta took out the 290 guys, you want to see a candle? Whereas as you guys remember, what movie is that? I think it was Boys in the Hood. Yeah. You want to see a dead body? Right. This is called a dead body for shorts. Once it got above the 290 guys. No joke. This thing put up a $5 candle in a matter of minutes. Absolutely phenomenal move. My last sale was in the 94s. Damn thing went to almost, you know, 98 and change. It's just phenomenal. Just an absolute phenomenal move on Meta. They were coming for the 290s, the 295s, the 300 calls. So a really, really strong move there. Tesla for experienced traders. I wanted to dip in Tesla and never got there. Got to like 276 and change. Unfortunately, I never got there. It went red to green. Only put up a couple of dollar move. And it failed that 284 and a quarter level. So again, Tesla resembles the Q, so something just to watch out for. AMD, nice little pop into supply. 1673 needs to build. Here is AMD. It took out the 1673. Went perfect. Perfectly in the 1760s. I was screaming, guys, make sales coming into supply. 1760, 1760s. And again, guys, if you don't know where these supply zones are, you are trading blind. It's where technical sellers meet emotional buyers. And this is where on demand, emotional sellers meeting technical buyers. Usually the technical buyers and sellers are going to prevail. That's exactly what happened there. Netflix, not a big move at all. It got actually upgraded today, I guess. Upgraded, you know, from a sell to a neutral at Goldman. Went up about a buck and changed nothing before it reversed. Google was good. Google was still good. I still have a runner on Google. 1208 needs to build. Sold, you know, good chunk of it today into supply into the 2240s. If Google could just get above this channel here. They were coming for the 123, 125 weeklies. Man, if they could just confirm today's channel tomorrow, maybe Google wakes up with a really nice move on Google of still holding a runner there. CRM didn't do anything yet. CRM popped like 25 cents. Basically closed, you know, a little under 2 of 14. But it looks good. They were coming for next week's 220 calls. A little one, right? CLSK 516, 520 needs to build. Here was CLSK, right? Took out this whole 516, 520 level. Went to 538. Nice looking chart. Looks like it's going to go higher. And Boeing, right? This is all you guys took Boeing. 213 and a quarter rejected two times. Needs to build. Here was Boeing, right? Here was Boeing. Took out the channel, ran up about a buck. Not a big move. But the point is, again, not every similar trade is a meta going up four, five, six points. Not every similar trade is a Tesla going with 20 points. Sometimes 50 cents, a dollar, $1.50. Hey, it adds up, man. It really does that up. And when you have a market that is still resting and full market participants are still not there, all these trades, 50 cents, 60 cents, a dollar, $1.52, they really could make a nice little impression on your performance for the day. So a nice move there. And I believe that is it. Yeah, I believe that's it. So, yeah, again, look, I shared my thoughts for tomorrow. One cool thing, guys, there is an announcement. If you guys know, I've only done two or three interviews. Two of them were with chat with traders. Excuse me, and two of them were with my guy, St. Lucci. This was years ago. I don't do them anymore. I get approached all the time. I don't do any events. I don't do any speaking. But what we are doing is on Saturday, right? From 10 to 12, we are doing a paddle myself and three other gentlemen who are in our webinar. Two of them trade exclusively via options. I trade exclusively on equity. And there's a third gentleman, excuse me, there's a fourth gentleman that trades equity and futures, right? So it's a it's a it's a panel. We're going to, you know, talk about obviously pivots and how they work and all that stuff. But it's going to be completely interactive. And we are going to kind of bounce questions all around until we really, really cool events. If you are curious, again, you are planning to join us for next week, you know, make sure, you know, come aboard before the weekend so you can participate in this virtual panel. It's going to be very, very neat. And this is something that can really put, you know, kind of cement what we do into your DNA. Guys, have a great night, everybody. God bless. Usually there is no Thursday videos. But since we had such a choppy day, choppy week, we only had like one day tomorrow. I will record a video despite it being my day off. So hopefully we can get some good action that we can dissect tomorrow night. Guys, God bless, have a great, great night. And I will see you all tomorrow. Take care.