 but we continue to hammer the point across that we're looking for chattums off the bottom. So for example, customer. 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 another edition of TheAxisTrader.com. Nightly rapper show, hope everybody is doing well. Just to kind of rewind, if you guys missed any part of the weekend update. Again, last week was a very, very good, kind of a scenario for the bulls to kind of test their jaw. Some boxers, again, just kind of going back into the fighting world. Some boxers, they have a glass jaw. One hit to the jaw, they go down. Bulls really did a great job last week. Tuesday, Wednesday, intraday, intraday pulls, they got bought. Monster gap down on Thursday session, it got bought. Friday, we rallied. So going into this week, again, if you didn't watch the update, again, bulls were very in control. It was very, very tough to have a scenario that the bears feel really, really good inside, kind of entering today's session. Again, they dropped the ball. They had every opportunity to seize control, at least for the short term, in the overall scoreboard, and they failed to do so. They dropped the ball. Technology, again, continued its strong run from Friday's session. And again, the theme continues to be the same thing. You have strong stocks resting, right? Still very, very aggressive option flow and a lot of names that have big runs. So for example, you have an Amazon scenario that broke out above the 50 day moving average, broke out above this whole macro channel here, and now it's just basing out here. And what's great about what we're seeing on Amazon, even the days that it's resting, they're not resting what a 70 point pull, right? On the average true range, they're resting. Today, the stock was flat. Let me look at how tight these candles are. This is a very, very tight distribution. It means sellers are very comfortable at these levels. Even NVIDIA, right? Even a name like NVIDIA that they've ran up ever since they reclaimed the 50 day moving average and now it's the four for one split. And now it's days away from getting that split. And you see still really aggressive betting going on in the options market. I saw 850 weeklies, 875 weeklies. I saw 900s for next week. So you can see again, buyers are still very much in control. Sellers are feeling comfortable. And when you have a market, the sellers are comfortable and they're complacent. I mean, why wouldn't the market continue to melt up? Even names like Apple that you figured, well, it has to rest, this is its resident. I mean, you're talking about, look how tight, look at the narrow range of this candle on Apple versus the ranges that were moving up, especially in the last week or so. So technology continues to be good. The names that have big, big runs are resting on tighter channels, contrition, right? Contrition of channels. And the most important part, and the most important part is there's no selling purchase. Even on the days that the market really came in and tested bottom levels. You never got that fear level and that's very, very important. And now you're starting to again, start to kind of leave all the high-flying names away. Again, if you're still getting dips on an Apple or NVIDIA or a stock like for example, like Amazon, that's great, that's exactly what you're looking for. But now we continue to leave the extended ones alone, especially the strength and start looking at names that are again coming out of bottom channels. If you've been watching this video just in the last two months since the 50-day moving average of the bulls, we're not continuing to go to the well for the ones who had that big monster, monster run. On dips, absolutely, certain channels in the middle of the week are gonna give you much more defined risk than others, but we continue to hammer the point across that we're looking for channels off the bottom. So for example, Tesla woke up today, right? We talked about Tesla on the weekend update. We talked about that 660 level, it broke above the 660 level, confirmed the 670 level and just absolute moonshot. Again, here's a stock that's coming off, again, the bottom of the channels, it reclaimed the 50-day moving average a couple of days ago after three, four days of selling. We already know where it got rejected twice and now where stone throws away from, again, a channel, a macro channel that if it confirms, again, if you try Tesla, you kind of know what happens if this macro channel confirms. Look how much upside you have. And again, they are positioning in the option market. They're coming in for the 700 weeklies, the 710 weeklies. There was some really aggressive leap fires towards 2021. So this thing is very, very close. Look at Boeing, right? Look at Boeing, Boeing's gotten rejected now once, twice, three times, four times in the same channel here. If Boeing wakes up, and again, I'm not a big fan of Boeing, but I want to trade Boeing off this channel just because four times it's been rejected off this channel. And if it starts reclaiming this area, you have 10 to 14 points of upside with a dollar downside. It's a lot of value. And again, that's what you're looking for. Even a name like Disney, and Disney had a really good opening weekend from Black Widow. I haven't seen it yet, but the numbers, I think they said it was 220 million worldwide, which was great. I mean, it's a big, big number, big number they closed on the scoreboard. This is the first close over a daily supply. If it starts confirming this channel here, look how much room you still have 12 to 15 dollars on Disney as well. Look at a name, for example, a name like BLL, right? I have no idea what this BLL is, right? Does it really even make a difference what BLL is, okay? You had this monster candle coming out of the channel, huge, huge channel. It got rejected at the top of the supply here. You had two days in a row of consolidation. They reclaimed the five day moving average. And if this channel gets above, you got room coming into this 88 and then 92 levels. So there's still a lot of meat on this bone, on this rally, some names might not be conventional to a lot of people. But hey, there are still so many names that can give you that average true range. Even a name like CCIV, which is Lucid Motors, right? You saw the really big aggressive speculation money coming into the, you know, coming in for the 28 and a half weeklies, right? 28 and a half, 29, $30 weeklies. And this is when the stock was at 26 and change. Again, if this thing starts confirming taste channel, why can it go to 28 and a half? Why can't it go to the top of the range here at 29, 81? That's where the buyers are betting that there's a measure potential move. So again, in this type of environment, stay away from the ones that are going on strength, right? They're up, you know, 20, 25% over the last couple of, stay away from those stocks, right? Stay away from on strength on names like NVIDIA, despite very, very close to, you know, getting its, you know, really big run ahead of its, ahead of its split. Look for names at the bottom of the channels. They're just the safest stocks. Because remember guys, the one thing that you have to understand. Yes, these stocks are all runaway trains, and that's great, but also keep this in mind. We saw last week, as a point of reference, three days in the market got pulled first. Well, what do you think of the first stocks to get pulled, right? The video got pulled very aggressively. Amazon intraday got pulled very, very aggressively. You know, these are the names that have the biggest move. So if gravity kicks in and doesn't make a difference at what channel you're looking for, if gravity does kick in and the market does have a res day, or excuse me, even a red day, right? I know it's crazy to say, if that's the case, those stocks are gonna be pulled the first, they're gonna be pulled the hardest. And the last thing you wanna do is buy dips into a first day move of a potential back to. So again, bottom channels, middle channels, confirmation channels look really, really good. Even a name like Snow, I am still watching. Had this monster move on Friday. Rest of the day, great. This is actually a perfect bounce spot. We'll talk about it individual pivots today on Twitter feed. But you had a beautiful res day on Snow. This thing rests one or two more days and starts attacking this top channel. You could get a big move again. Remember on Friday, you had the 290, the 295, even the 300 near term call buyers coming in. So a very structural res day, really, really nicely done by the bulls. Again, not a lot of selling pressure today. On the other side, again, complacency from the sell side, they are comfortable and that is a really good recipe for higher prices. So going into tomorrow again, I'm staying away from anything extended. Watching names that are coming out of the channel, obviously Tesla on any dips. I'm obviously watching into rising 60 minute support. Amazon on any dips. I'm still watching to any support. I won't buy them on strength, but on dips you have to. Again, they're not even positioning anymore for the weekly 3,800. They're coming for the 3,900. They're coming for the 4,000 on Amazon as well. And again, the tighter the range is right now in the consolidation, right? The higher probability when it breaks that range, it's gonna start, it's next to like up. So a pretty busy day today. You have a lot of things waking up, not was everything great, not everything was great, but the names that really confirmed aggressively did very, very well. So let's talk about it. Coin 257, 261 macro levels never got there. Not even came close. This is my first trade of the day with snow. And again, had a big run yesterday. Usually again, the formula is any single time you get a big run up, right? You have a really, really big move on the daily. And the next day it opens up lower and goes into rising 60 minute support. That's where you wanna buy stock. So any pull into the 263, 264 rise in support for experienced traders, obviously over 270 got rejected four times pre-market. So nice trade. I mean, nice trade here on snow and here's the rising support that we talked about, right? Pulled into this rising support here. It reclaimed and ran really, really nicely closing the 267. I still like it. I still think if this thing starts taking out the top of the range, it could be very, very good. But again, just a point of reference guys, anytime you see a stock, put in a really good strong move on daily. Next day opens up lower. Watch for that bounce on a potential 60 minute support. That's where they trap late and eager shorts. 86 on Chewy needs to build, not a big move at all. Ran up like a dollar or so and then reversed. So it ran up off that 86, what the 87 and change came right back in, nothing great. It's same kind of notes as shop, not shop, of snow had a big rally on Friday rested today on half the volume. If this thing starts turning up and starts reclaiming Friday's prices, this thing should start its next leg up. Avago, again, for all you guys who caught a great job, I didn't trade Avago, 481 needs to build. This is not, it was supposed to be, this is a slow mover. Not it's not a slow mover, it was a slow mover. If you're going to trade it probably better as a swing using previous days low. And Avago came out with news in the middle of the day that it was buying somebody. And look what the damn thing did. If you caught this congratulations guys, this thing absolutely exploded off this 481 went all the way up to 494. If you got it, congratulations. I didn't trade any of Avago today, just a big, big move there as well. Dick's sporting goods didn't trigger, TTD didn't trigger, space got absolutely murdered. You kind of thought this was going to happen when they gap the stock up, you know, look that it was a successful flight. I think it was cool. There's a lot of talk, was it really in space? Maybe got close to space or maybe who the hell knows, right? I'm not, I'm not going to debate this. But the moral of the story is that they sold the news, right? They sold the news for experienced traders only, green to red, short on the news, sell the news, note this is not a pivot, just momentum. And space got killed, space got really, really killed. It traded up to 59 pre-market and it went right in the day and went all the way down to 39 and changed. So a huge move there, congratulations to you guys who caught that. Tesla was definitely the biggest mover. It continues to be the biggest mover, continues to be the greatest stock ever, ever, ever. You know, Tesla, this was it, multi-layered setup here. 666 needs to confirm for the initial move to 669. Okay, I got long off the 670 break. The reason why, you know, let me show you that all the layers in the stock. So 666 needs to confirm. Why was 666 a big level first? Well, if you look at the previous high, was right here into supply with 6570, the initial pre-market high was 6569. So we knew that 666 level was supposed to be big. The first move traded right to the 10-day moving average, which was 670. So we knew that level, then it retraced. Then once it got reclaimed 670, I got long off this level. Now, if you look at continued the anatomy of this trade, so it took out 66, traded the 669, it backed off, reclaimed the 10-day moving average. If this starts building the 10-day, especially you can get a gap filled to 700, yada, yada, yada, yada, any closer over 669, Tesla continues to be just an absolute monster. And here's all the dynamics. It took out this whole 660 level pre-market 666 that we talked about, reclaimed 670 and traded all the way up into the 687 level. Look, do I think it's gonna test 700 tomorrow? Maybe not tomorrow, maybe, you know, maybe it goes into the 690s, but again, you have to continue to buy this thing. In my opinion on dips, once it takes out macro, and again, if this thing takes out macro, you guys know what happened last time it took out macro, all it did was put in a $70 candle in a 12-hour period. So we're still watching that macro level, but again, from the micro point of view, we are definitely keeping an eye on, you know, good channels that we can take advantage of before the macro scenario. So I think the stock is higher prices than that. ZS 231.75, 232 needs to build, got upgraded this morning. Actually had to put in a big run prior to selling off, actually went from 32 to 36 and changed nice move before it reversed. NVIDIA absolute monster, 807, 808 needs to build for the initial casual move to 812. Any close over 812 starts a macro move, and you can see in the video just an absolute beast. Here's the 807, 808 went to 812, went to 817, went to 821 monster, just an absolute monster on NVIDIA. Boeing I still like, never got to that area. Amazon I still like macro, got rejected at the same area there. Space got destroyed, Tesla let's roll. ZS is flying, snow perfect bounce on the way up. Just like I said, in the webinar, in the Twitter feed, just this absolute savage open for us. So really great job, great job guys. Absolutely great job there. 93 I thought was the next stop. This is where I still believe is the next stop. You got 700 repeat buyers coming in on Netflix. CCIV 2675, 27, it went to 2740 perfectly. And you can see here on the comments, 29 weekly buyer comes in, 2740 is the first supplied in 2850s, the higher date is 2740. So it needs to reclaim that. Avago, new highs, 400 on deck, yada, yada, yada, yada. Tesla just again, take more cells up, new highs and yada, yada. Anyway guys, so good start, right? Good start to the week. Hopefully everybody is doing well. Again, continue to put in the work, don't put a lot of pressure on yourself. Everybody clicks in their careers at different times and the most important thing is half faith, continue to work, put your head down and good things will eventually happen. Guys have a great night, I'll see you tomorrow.