 Two things happened this today number one Netflix came out in the middle of the day and they said they're laying off I forgot what the number was, but they were laying off X amount of employees 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 getting everybody welcome to Another edition of the access a trader comm nightly wrap-up show. Hope everybody is doing well The reason why there was no Video last night our guy Kyler who does a phenomenal phenomenal job? Editing these videos and doing everything that's possible to make me look good He got married. Congratulations to Kyler. That's why there was no video yesterday. So we are back today. Usually I'm off Thursday nights But hey, we didn't do a video essay. So let's talk about the market So the last time there was prosperity, right? If you guys remember we reclaimed the 20-day moving average on What was it on 526 and for the next two weeks? We kind of went sideways and the longer the market couldn't rally the higher probability The market was gonna go back down now Here's a little bit of a difference between what we saw Right over here and kind of where we are about to enter possibly enter For tomorrow's session if you guys remember every single time there was good news in this consolidation It kept on getting sold if you look what's been happening for the last couple of days The market has been let's talk about the nasdaq right the nasdaq has been very very strong Yes, the semiconductor something's definitely wrong with them on the video can't get out of its own way AMD can't get out of its own way. So let's just take let's take the semiconductors out of it And what's making this more impressive the fact that we're not going down is the semiconductors represent The biggest group right the most predominant group in the nasdaq 100 the fact that we are still putting in some pretty good Moves now four days in a row Without the semiconductors really saying some really positive things like for example Yesterday right yesterday we hit the 10-day moving average We went red on the day right that should have been the first instinct of hey We just got rejected off the 10-day moving average selling is back normal. What did the market do the market? Reclaimed yesterday's channel today and now we are a stone throws away of getting above this channel here You see this 287 here on the queues, right? That was the high from 615 right every see it so if we can just get above this channel here of 615 286 83 right there's a shot we could rally into the two 90s and one of the other You know one of the other you know pretty good Dynamics day that happened just to kind of give you an idea of you know How strong the market has been versus the last time we were going through consolidation two things happened this today number one Netflix came out in the middle of the day and they said they're laying off I forgot what the number was but they were laying off x amount of Employees right usually that's a bad bad thing the stock would have got killed yada yada yada They didn't get killed not only they didn't get killed it literally closed stone throws away from From the high of the day that's very very bullish Also, the smaller cap names came back you guys remember when we had that big big Rally and the consolidation there was a lot of names going crazy Look at names for example like a BHAT right big big move today huge volume 208 million shares Stock is flying after hours another name VRM and again I'm just I'm proving a point here that that it's speculation not money not necessarily that I want to trade small cap stocks what I'm saying is this is all representation of Speculation money that we didn't have right that we didn't have for the last two weeks or so Every new slow is getting sold and now is the opposite completely opposite. We are getting data whether it's bad data It's getting engulfed at least for the last four days or so the Fed continues to speak literally every single day Which which is not changing anytime soon But the point is at least the dissemination of any type of negative factor Through what we're seeing is at least now being engulfed for them for the for the short time now again By no means are we out of the woods right like like again if you've been watching this broadcast You know risk is off completely off until we reclaim the 50-day moving average at least the 306 307 level So we got a long long Time to kind of fish you know swimming these waters before we kind of get get out of supply But for the meantime, that's the most important part for the meantime We're talking about a day-to-day scenario that we are always prepared on both sides of the ledger You know when we're not trying to overthink that's exactly the most important part. I'm not trying to overthink I'm just simply reacting to to day-to-day intervals here supply here supply We clearly see what our eyes and you don't need to be a super aggressive technician to figure out if we could just take out The supply we got another you know three to five points of upside in the in the queues If you look at the spies as well same thing here spies touch the 10-day moving average If the spies can reclaim today's levels tomorrow and start building above that 379 level again There's almost 10 points of upside in the S&P 500 So, you know, we're definitely definitely set up here But the most important part is what we're seeing as far as flow all day today, right in the last couple of days Massive flow coming in on Amazon. I mean that when the stock was at 109 and again 109 today They were coming with massive flow. They were coming for the 12s the 13th the 14s that expired tomorrow aggressive call buying continues For net for Tesla even though Tesla is resting right and this is the first good res day today Beautiful beautiful run put up 125 points. It's just resting if Tesla can start coming out of the 60-minute channel Right, and this is a bit tough tough channel here But if they could start coming out of the tip this this really big 60-minute channel We can start seeing some really aggressive moves and maybe start moving back into the 680 level again We saw the 770 weeklies. We saw the 800 weeklies You know the options market is definitely betting on the side of the measured potential That's something we definitely want to watch and what's what's what's making things kind of cool Going into tomorrow session tomorrow is weekly expiration, right? If there has been good news if there's been good price action this week To especially to the upside Tuesday Wednesday and today's Thursday Monday. We were off But if that spills over there's usually a high probability That we could get something very very aggressive tomorrow just because again people are feeling good It's weekly expiration and sometimes they do make outlandish bets Especially in the morning just the shot right they call it the lotto right the lotto bets just in shot The stock goes into that measure potential. That's something we definitely want to we definitely want to watch So pretty basic stuff this evening, right? We need to from the bullish side the cues need to reclaim 287 right there's this whole channel here This is the highest area into supply where it got rejected off the five-day So we need to get above 287 to really stretch its legs the spies need to get above This needs to get above this 379 level and then we're off we're often running and if you look at a lot of if you do your homework And you go through a lot of charts. You'll see a lot of big potential In these names especially in the tech arena and when you look at today's pivots We really had a very very strong day because everything started to expand Especially in the software cloud space, but we were definitely set up for tomorrow The only thing that could throw the only thing that can throw A wrench into our plans keep this in mind guys at the end of the day There's been some great opportunities on the long side, but the end of the day the narrative continues to be one thing right drum roll, please We're still below daily supplies That's the only thing at any point the market could just tap you on the shoulder and yank all your bids So don't fall in love, right? This is again a wrist-off environment for multi-day holds day trading That's a you know, that's one thing and that's a completely separate animal You have completely control of your risk, but we're still underneath daily supply So even if we rally tomorrow treat it as a rental don't fall in love with these symbols because again the most important part Especially in a sell environment where we still are and we've been there for six months Remember sell when you want to not when you have to so let's talk about today's pivots again super aggressive day Actually on both sides of some pretty good pulls. There was some pretty good moves And you quickly see some really really good trades today Tesla had a nice little pull, you know, definitely for cash flow 701 yesterday's and today's pre-market lows if it builds below could get into the 680s It traded down to about 685 687 But I really liked the action there because again, it wasn't supposed to be Tesla's going to zero. It was just the stock had a big big run a little bit You know a little bit heavy just a needs a little bit time to digest But I'm definitely definitely watching it for potential for it to wake up for the next couple of days Let are you letter you was a direct byproduct of Snowflake snowflake got upgraded today exploded. We'll talk about that in a second letter you 40 and a quarter needs to build Here is letter you literally exploded absolutely exploded Here is the 40 and a quarter the stock pretty much closed at the highs of the day 4460s, I think if we continue tomorrow, I think there's a shot of 47 Meta Meta is such a such a weird name. So I shorted met Meta at 55 I shorted met Meta at 55 It went down like 50 60 cents and kind of stalled out to stop me. I'll break even then rallied up three points Then came back down and then rallied so I'm gonna kind of leave my leave my meta on the on the side here for now Snow absolutely exploded today's upgraded 136 needs to build for experienced traders Could push to 140 here is snowflake Right here was snowflake. It took out the 136 traded all the way up to almost 144 big move on Snowflake Airbnb again, this is pretty good to two-sided action today Airbnb 98 72 if it builds below can flush here was Airbnb, right? Air B and B Here was the 92 here was the 98 72 when all the way down to 93 really really big washout on Airbnb Chewy to the upside 3345 needs to build here was Chewy Lot of good value today, definitely a lot of good value today. Here's a 3345 just absolutely exploded Almost hit the top of supply Square never got to 59 Square never got to 59 Amazon I took Amazon for an opening range play it rallied initially up 30 cents Obviously wasn't enough So when it got rejected I lost about 30 35 cents on it But again, it is what it is in a close pretty pretty strong shop was pretty good shop was a pretty good trade 350 needs to build here was shop Really nice move. I still like it for tomorrow. So it took out this 350 level Which was the highest supply zone again the 20-day reclaim took out 350 traded it into the 360s 365 was the high. I still like this thing if it confirms today. There's a shot If we continue to rally white, you know, again, look how much room you have you have room all the way up to 404 again, not saying it's gonna get there tomorrow. But again, if we continue to rally There's there's definitely a lot of airspace. The shop was pretty good. Chewy take on the way up Airbnb getting smacked Tesla 82 84 so the next stop and it ultimately stopped the 685 Letter you and all the way up to 46 shop 357 is the first supply went to the 360s And here was here was a trade that I put in that I thought if the Tesla was gonna get sold Here's where we wanted to kind of buy the dip obviously never got there for experienced traders only 679 680 if it builds if the bulls can defend it could snap back all five days support It's a shame that it didn't get down there But it is what it is would have been a pretty good pretty good spot and that's it So good good effort a definitely definitely good effort today. Let's see if the bulls can continue to end the week strong So far very very good orderly action both in the long and the short side Obviously, we know the lines in the sand for both the cues The spies to the for the upside if they do confirm We could see another aggressive push to end the week guys. God bless. Hope everybody's doing well and what God's help I'll see you all tomorrow. Take care