 This is the names you want to look at. You want to look at names that are going, coming from the bottom of the range and once they come out of the bottom of the range. 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 the accessatrader.com nightly wrap up show. Hope everybody is good. Hope everybody had a really wonderful day. Hope everybody is great in your life, healthy and happy and all that good stuff. As always, we really appreciate all the support. If you haven't done so already, kindly like and subscribe to the channel to support the channel and everything else leave up to us to try to give you a very, very unbiased point of the market. So let's talk about the tape. And again, if I sound a little bit too relaxed today, I just came back from a sauna, highly recommended. Anyway, so let's talk about the market. Yesterday and the day before and the day before and the day before and the day before that, market's been selling off pretty aggressively led by the NASDAQ. Matter of fact, if you go back to the last month or so, that's been the lagger, right? That's been the one that has been kind of the redheaded stepchild that everybody acknowledges there, but they don't take any seriously. And going into today, as you watched last night in the video, my whole game plan was sell bias, right? My whole game plan was sell bias. Obviously the monkey wrench, right? The curveball would have been, well, let's see what happens on the CPI number, which obviously was kind of the big deal today. And I was ready for it. I had my channels ready to the downside. I woke up early, everything was good. I was mentally set. The market gapped up a little bit before the CPI number came. And just like, we always talk about expect the unexpected and this is why this is the greatest reality show that's not on television. If you go back to two CPIs the previous September, right? We had a pretty aggressive move down, right? We had a 1,200 point move down on the Dow that day. The October CPI, we gapped up initially, went down 500 points only to rally 850 points only to sell off the next day. And today we said, well, let's see what happens. And the CPI came out, right? It was less than expected. I think it was like four tenths of a percent. I expect it was like six to seven tenths of a percent. The number came in soft. There was murmurs going around. Rumors going around that the Republicans, I forgot which one of them, I'm so tired, are getting either control of the House or the Senate, whatever, blah, blah, blah, blah, blah. But the most important part was the stocks that were, the redheaded silk children, right? The ones that got hurt the most. They got really neglected the most. They started exploding and they started exploding on bond yields imploding, right? And that was the most important part. And I tell you one thing, I've been trading for a very, very long time. It's very tough for me to remember, at least going back into recent memory, that when we saw something like this, right? So if you guys were at your computers, NASDAQ was about seven and a half percent today. Again, it's staggering number. I don't need to remember the last time we could even make that statement, but the Q's surged about, not even the Q's, the NASDAQ 100 surged about four and a half percent. I'm talking about within minutes, within absolute minutes. And they were up about five percent or so on the opening ranges, everything went nuts. As you can imagine, as the Q's go, everything goes. Amazon, Amazon. I mean, again, just look at the 60 minute candles, right? Amazon and Netflix. And I mean, you go for one by one by one, it really doesn't make a difference. They all exploded. And the moral of the story was, well, welcome to the market. You want to be a trader, you're a trader. And your opinion, as we say, every night is completely irrelevant. Now the question is what happens, right? 1200 point move on the Dow. You had a five and a half percent move on the S&P and obviously a nearly seven and a half percent move on the QQQ's, which is absolutely phenomenal. But here is the most important part of today, right? If you're a logical soul and you turn around and you saw the first few minutes of the day, you turn around and say, wow, that's a four and a half, five percent move in a matter of minutes. It's pretty tough to turn around and go, let me get my teeth sunken into this rally. We want more, right? Four and a half, five percent is pretty big for the week, right? For two weeks, let alone for three minutes. So I could see how a lot of people kind of, took a little bit of step back, waited for a dip. And by the way, it never came, right? This is literally a staircase to heaven type of scenario. Bulls were incredibly strong led by the semiconductor space. I don't think NVIDIA all day. If you look in the NVIDIA's chart, for example, I don't think NVIDIA, this is a 60 minute view. You're telling me NVIDIA, the most distinct came in was 60 cents on this candle, stairway to heaven and it kind of resembled a lot of the names. But here's kind of the big picture, right? Kind of going into the holiday season. I'm actually very, very happy. Again, I don't care which way the market trades. Bull, bear, it doesn't make a difference. As long as ranges are being organically confirmed and that's the most important part. But I will say, I enjoy a good bull market, just like everybody else does, just because again, especially we're going into the holiday season, who the hell wants to be a grump or a grinch, sitting at Thanksgiving dinner with the market melting every single day. So I'm actually very, very happy that this happened. But more important, what's happening from the technical point of view. And that's exactly how we always lead every single day. Like I said a few minutes ago, trying to give you a very unbiased opinion going into this session. The last time we had a big number, right? A big number that was put on the CPI was right over here. If you guys remember it was on October the 13th, the Dow was up 850 points, the Nasdaq was up like 4,500 and then the next day gave it all back, which was very, very odd only to kind of reclaim the following day to start the next move up. Very, very weird sequence of events. But if you notice how we close today, right? This is the first close over the 50 day moving average since the one day wonder we had all the way back to September the 12th, right? This is a very, very big deal. And as we say all the time, the cheat sheet in trading is if the market is above the 50 day moving average, that's bullish. If we're below the 50 day moving average, that's bearish. And all you have to do is kind of see like right over here, right? We reclaimed this light blue line, right? It was bullish. We lost the light blue line, what happened, right? We went lower. So here we are, first day, first close over the 50 day moving average. And now the question is, can the bulls confirm, right? Can the bulls confirm today's action and grant it? This was such a big move. Is it possible we get some, you know, we get some, you know, we get a little bit of profit taking tomorrow, it's possible. I mean, again, you have a 7.5% nearly move on the NASDAQ composite. Is it conceivable there will be a res day? Absolutely. I mean, will it shock me if we continue? Absolutely not, because that's what usually happens when we get above the 50 day moving average. We usually do follow through. As you can see here, we got above the 50 day and we follow through. We got above the 50 day, right? We got above the 50 day here, we follow through. So if we have a scenario, especially a light volume kind of profit taking scenario in the morning and we go right to green and start taking out today's channels, to provide some exceptional day two fireworks. And when you look at a lot of charts, you're going to see them. We'll get to, you know, some charts in a second, but you're going to see a lot of names kind of mirror the NASDAQ 100. But here's the most important part where we're getting up to tomorrow. You see this, you guys remember that rally on October 22nd, right? October 25th that we stopped right here right around that 84, 84 and a half area. That's the next big, you know, case for the cues. If we can reclaim 84 and a half on a close on the cues, yeah, then this rally will start to get really, really good legs and possibly move into this, you know, low two nineties, which will be really, really great. Because again, everything then will pull up. Spies today, again, congratulations for all you guys who held on to the spies. They did something very, very good as well, right? Not only did they, you know, gap up, reclaim all this but they took out the top of the range here and I tweeted out, I tweeted out the wrong number. It was supposed to be 390 and a half needed to build. I put 290 and a half needed to build but you guys kind of got the point. Everybody in the webinar knows them, slightly dyslexic, a little slightly cuckoo as well. So you can see here really, really strong moves and we went right into the next supply here in this 94, 95 area. You can see really, really big moves. So congratulations to all you guys, not only that took spies today but also took the cues and when they reclaimed that two 79 area again, next stop here is the 284, 60 area which should be very, very good. So if you look at that, you know, if you look at the first sequence of events of reclaiming the 50 day and now you're looking at the stocks that could start supporting the narrative that we just, you know, accomplished today and you start looking at names like NVIDIA, right? NVIDIA out of supply, right? You still got, you got another four or five points. You got out of supply of NVIDIA. You know, look at a name like ILMN, right? Stocks are all these stocks coming off the bottom of the channel is going to start taking out the ranges. This is the names you want to look at. You want to look at names that are going, coming from the bottom of the range and once they come out of the bottom of the range, well, they should be really, really exaggerated. The key members here right now are the semiconductor's and when I went through my charts today, oh, you know, a lot of the values on the semiconductor names. Look at AMD, right? Look at AMD stopped right, you know, right above the 50 day moving average that the supply of AMD gets above this area here. You know, you got a lot of room up here. Name like Qualcomm, again, Semi's look really, really good. You know, Qualcomm also reclaimed the 50 day moving average. If it just takes out this whole channel here, there's a lot of move up as well. Netflix, right? It doesn't make a difference which one you're looking at. They're all going to be more or less kind of the same, but what was good about Netflix is never went below the 50 day moving average and today reclaimed the 10. And if you believe in the theory that the 10 day moving average is the birth of the trade, well, if Netflix confirms today's channels and you got 283, 289 on its view as well, the one stock that's, you know, starting to wake up and it's been a really great trader today, not today, excuse me, overall, especially in the last few weeks, the downside was Tesla. You know, I do like that it did shake off some weakness today. We had, you know, one little, cute little short at the opening range. You know, nothing really to write home about, but more important is I like the fact that it reversed putting a hammer here on some really, really explosive, explosive volume. You can see the volume expanding here, 132 million shares traded today. I would like to see if Tesla could get above these two candles here. You see these two candles here and reclaim the five day because if it does all the stigma, all the nasty stigma, number one, it'll engulf this whole channel here, but more important to start opening it up. So it does have room for like 207, 212. So I don't know if they'll get there tomorrow, but I definitely want to watch it for the next couple of days. Obviously, if it rolls over, then we're having a whole different conversation. So going into tomorrow, you know, obviously you want to give the bulls the benefit of the doubt. You know, obviously we understand we're not schmucks. We're adults here. We could get a little bit of profit taken, but the cool part about that is, if we do have any type of profit taken coming into tomorrow, a lot of the names that didn't get above the 50 day moving average and mirrored the cues today and the spies today is a good probability that they will start playing catch up as well. So we definitely have some really great value coming into tomorrow. Again, you don't have to be really creative. Just go in the Nasdaq 100 to see any stock that got above the 50 day moving average today and you can see how much room there is for the next measured potential. So that's it guys. Crazy day, event days are always absolute violence. Today was nothing short of that. You know, again, there's a running joke. There's a running joke in the market that, you know, when the market is always bad, the market makers manipulate. Well, who the hell manipulated this move up 7.5%. Think about that next time you use the market makers as a crutch. Guys, have a great night everybody. God bless, have a wonderful, wonderful, wonderful Friday. And with God's help, we'll see each other soon. Take care everybody.