 But right now we're in rest mode, we're in pause mode. Yes, are you gonna be able to get some trades? Absolutely, of course. But again, stay in scout mode right now. Stay in scout mode until we start putting low highs. 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 to be here, buddy. Just a quick update. Again, another day, another kid's event. This time my daughter has, I think, geez, I can't even remember anymore. My wife is telling me to hurry the hell up and finish this up. Anyway, so let's talk about the tape very, very quickly. Market played out pretty much how we thought going into today's trading day, I thought a lot of these names were very tired, not because they're gonna go lower, just because again, when you have a pretty big run up and again kind of a nausea here, we've been talking about the reclaiming of the 50 day moving average, eventually buyers are gonna get very, very tired. And again, it doesn't mean we're gonna go back down to the lows, it doesn't mean anything, just like I reiterated last night, it's just very, very natural, very organic for stocks to take a breather before the next like happens. Again, the longer we stay above and build above the 50 day moving average, the higher probability like I've been saying for like the last four or five days, more and more names are going to be pulled up. And that's exactly what pretty much happened today. The Dow down 250 points, S&P down a little bit, Nasdaq pretty much flat, but the most important part was, and I think a lot of you guys saw that, for the exception of really good reversals, and I'll talk about the earnings in a second, for the exception of really good reversals on earnings, on names from last night, Amazon, excuse me, Google and AMD, the majority of the day was pretty quiet, right? Was really, really muted. A lot of names are going up and then moving down and some coal buying came up and they got sold. So today kind of played out kind of what I thought from yesterday when we talked about tone down your activity level, tone down and scale down your tier size, just let the market breathe. Like I said last night, like a fine one, you pop up in the bottle, you got to let it breathe a little bit before you drink it. The one, the one nuance, right? The one moving part that we've kind of noticed and we're starting to notice more and more now every single day is, and maybe you guys noticed this, maybe you haven't, but have you guys noticed that the big move on earnings is not coming after the initial reaction, right? Usually year and year, year and year out, goes out, a company comes out on earnings, they're down 10, 12, 20% after the close, they're up 5, 10, 20% after the close and then it kind of plays out the next day. If you notice what's been going on in the beta names, it started with Netflix, right? They came out earnings the next day, it moved. Tesla, they came out earnings the next day, it moved. Last night, Google despite coming out with pretty good earnings, it was down 30, 40 points today. Just had this ridiculous reversal, basically went red to green pre-market and just absolutely exploded. Last night, AMD, like we talked about, was nothing, was down 40, 50 cents, 70 cents, had this really, really massive run. Even Microsoft this morning was up what? A couple of bucks pre-market had this really exaggerated run. So maybe this is the start, right? Because we always talk about there's always new markets. The market that I started out 22 years ago is completely different now. The market that maybe you started out five years ago is pretty much different now. So the market's constantly changing, the market's evolving, and maybe the earnings plays are going to do the same thing. Maybe this is kind of like the new thing of come out earnings, let the noise kind of filter out the initial reaction and then have that natural move the next day. And that's kind of how it played out now pretty much since the start of the earnings calendar. Now today, after the close, you had eBay, again, pretty good numbers, but stock is down 5% after the close. You had Tullo, it looked fine, but again, the reaction, again, this is another case that the stock had a pretty good run this year or last year or whatever the case may be, getting hit on earnings. The big kind of factor of what's gonna happen going for the next couple of weeks to see if we can keep this gravy train flowing is what's gonna happen tomorrow night. Tomorrow night, you have obviously some pretty big names, right? You got Amazon after the close tomorrow. Again, can they possibly miss their quarter, two quarters in a row? We'll see, right? You got Shopify, right? Phenomenal company, absolutely phenomenal company. Dare to say, please let them split. Same thing with Amazon. You got Apple tomorrow, right? You got all these buyers coming in. We saw buyers coming in, placing their bets ahead of earnings. We saw the 150s, we saw the 150, two and a half. Nothing really exaggerated, right? So maybe a little bit of cautionary tale there, but we will see exactly what happens tomorrow. You also have my favorite company, Starbucks, reporting as well. Overstock, MasterCard, Caterpillar, Merck. You got a lot of stuff, micro strategies to see how well they did with the whole Bitcoin rise. So we're kind of set up as far as data for tomorrow night, but the key here, at least for me, and I gotta get out of here a little bit prematurely, but the key here for me for going into tomorrow, just the same way as kind of going into today, you wanna again continue to kind of let things play out. It's so necessary to really understand the dynamics of where you are and where we are as far as the market. We know we had a big run. We know we are digesting. We know that gravity is also real. So again, for going into tomorrow, you don't have these five-star long setups because everything is kind of now starting to fade a little bit into the middle of the channels, but you do have names that potentially could start cracking short-term support. Like look at Netflix, right? Netflix is on the five-day moving average for tomorrow. This thing confirms the five-day moving average tomorrow. This thing can fall again. Look how much room you have. You have what, $12, $15 to the 10-day. So if there is a pull, right? If there is a pull tomorrow, a second-day pull in the Nasr or actually a Thursday pull, maybe this thing can get hit. Look at Roku. Roku really never rallied, right? It had this nice little bounce like everything else got rejected here, and now it's putting in this like this bearish pendant. This thing starts confirming this bottom channel here. Maybe this thing can go down to 300. Again, this is all preparation. The market could kind of turn around tomorrow and start going higher and everything else is great, but again, you have to be prepared on both sides. We do understand we're going through a rest mode or recharge, whatever you want to call it. So that's why you can't be too aggressive. I'll give you a perfect example of why the market is a little bit tired. It just needs to digest for a couple of days, right? So we had a pivot in the room of NVIDIA, right? This whole 247.5, 248 level. They started coming in with some pretty aggressive call-buying right at the word go. The stock spiked up a couple of points and just like any tired scenario, right? When you have, usually when you have out-of-the-money call-buying, you're going to get a prolonged move. Say we had out-of-the-money call-buying, it hit the upper Bollinger man and it never recovered, right? It never recovered and sold off literally, you know what, sold off what, $5, $7 off the highs. Same thing with Tesla today. Again, you had another upgrade today. Not that, again, Tesla's a monster, okay? So we can't really put NVIDIA and Tesla in the same boat as far as like what's been going on with the stock. But even today, a name like Tesla, that again, that Goldman Sachs upgrade, I've always got those things, I go back to 1,100, it had a good day. It did, had a good day, had some days, you know, it had some areas and intervals that were a lot weaker than the overall market sometimes. But again, overall, it still held up very, very well. And I do believe for Tesla, just like every other, on the stock that had big, big runs, like I said in the last night's video, I do believe for Tesla to see that 1,100 again, it has to successfully test the five-day moving average. Okay, whether that happens, we don't know, but I don't remember the last time a stock had a prolonged multi-month move without at least testing the rising five-day moving average. It's just one of those things that is necessary in every single stock. I personally think if we can get a move down, and again, this thing is gonna rise, right? This five-day today was what, 977, it's gonna rise tomorrow. So I'm guessing it's gonna be somewhere close to that 990,000 area. It has to test it, it has to test it, successfully test the trap, late eager shorts and squeeze the living crap out of them back to the upside and starts taking out several days worth of highs until it does it, it's gonna probably go up and down, up and down, up and down, trap some longs, trap some shorts, but that's kind of the game it has to play. Look at a name, for example, like Seagate, right? Just to kind of talk about names that are building over the 50-day moving average that maybe is not that traditional tech that we look at, but this is a nice looking chart. It gapped up above the 50-day moving average and kind of going sideways now, put it in the higher low, off the five-day moving average, it's flagging. And a name like that definitely interests me. Tomorrow, Google and Microsoft, right? Names that had really, really big runs today on earnings, those are the names we definitely wanna watch, especially if there's any weakness into rising 60-minute support, hopefully trapping early shorts, go and rent the green, start taking out opening range high. So again, I think, folks, you wanna do this for a long time, like I said yesterday, you have to learn how to shift gears, you have to learn and identify what type of market you're in. Right now, we had a great run-up, there's still really good action, but right now, we're in rest mode, we're in pause mode. Yes, are you gonna be able to get some trades? Absolutely, of course. But again, stay in scout mode right now, stay in scout mode until we start putting in lower highs, test some rising support levels, and when they start taking out the previous day's highs, that's when you know everything's gonna be good. Obviously, we're gonna get a lot more clues with Amazon, with Starbucks, with Apple for tomorrow night's earnings, and that point will make another feasibility study of which way, how aggressive or how passive we wanna approach the next couple of weeks or so. Guys, have a great day, soccer, definitely soccer. Have a great night, everybody. God bless, and I will see you all tomorrow.