 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 the AccessToTrader.com weekend update show. Hope everybody is doing well. Hope everybody has a great start to the weekend. If you live on the Northeast, man, a lot of rain, a lot of rains. I figured knock out my sharp work, knock out everything that I needed to get ready for Monday and try to, you know, despite this washout this weekend, try to have a nice, relaxing weekend. If you are brand new to the channel, guys, again, thank you very much for finding us. Number one, thank you for finding this tuning in. All we ask is take a second, click a like, share, subscribe, come aboard. Video broadcast goes out usually Monday through Thursday, and then again on the weekends. If you are an avid viewer, okay, and you are thinking about pivots or wanting to try pivots, there's a link below. Kick the tires for 30 days. You will quickly see that there is an alternative to the quote-unquote normal, and you see if it's a good right fit for you. So let's talk about the tape. Indexes continue to shine. S&P up 2.3% this week. The Dow Jones up 2% this week. And the Nasdaq up another 3% this week. Obviously, the continuation of the AI revolution continues to be long and strong. You had numerous events. You had numerous PRs this week from all the companies. You had AI collaboration between Apple and Google for Google's Gemini. You had NVIDIA's GTC conference that spewed a whole bunch of headlines and different partnerships with every other company on the planet. A Vago Broadcom also had their moments as well. And the moral of the story is, I don't think this AI thing is a fad, the same way that people were trying to discredit the whole, wow, what's the internet? Who cares about the internet? It's not like the internet's going to be part of our lives a year from now, right? Going back to 99, 2000, and yet here we are on the internet. So the AI revolution is here. Companies already seeing it's much more cost effective to have a robot RTD, D2 and C3PO and everybody else that having Bob, Jane, Harry and Dick. That's what she said, right? On their payroll. And we're going higher, right? We're continuing to go higher. This week we saw a major, major move and a major technical reclaiming of shares of NVIDIA. And I want to start off there, right? So NVIDIA had their big conference. And like we said a couple of minutes ago, a lot of really cool things. They introduced a whole bunch of different ships, some very, very expensive, some very, very powerful. But the most important part is as shareholders or investors, we want to talk about what happens next. So if you guys remember, and I think pretty much everybody does. So NVIDIA went on this incredible run, finally broke out above this 505 level on the end of November and just put an incredible move into this push into the 974 level. And Friday, we'll talk about the significance of Friday in a second. But the difference between the push here in 974, which was about a month ago versus kind of what we are now, is very, very clear. We had this parabolic move without even a downtick, right? From the time that it reclaimed 824, which was on November, on February the 23rd. We had a move of literally 150 points up in about four days. There was no distribution. There was no resting. There was no, you know, inside days, the stock literally went from 823 to 974 in five, six days. That was called the blow off top at that point, right? The blow off top, it was exhausting. But hey, investors deserve it, traders deserve it. Why is it different this time? Okay, why is it different this time? Somebody asked me in the webinar, I think it was Marcella, asked me on Friday. Well, why is the move now, a potential move now to 974 different than the last move to 974? Well, again, you had a six day, six day run up with absolutely no pullback, no distribution, no rest. And the reason why this is a little bit different, you know, NVIDIA went on a one, two, three, four, five, six, seven, eight, nine. Monday will be a 10 day distributions. That's almost two weeks of distribution of the previous run up to 874. This is your rest. This was the distribution. This was your investors, buyers and sellers getting comfortable at those levels. And this is now even with despite the 974 kind of clinical blow off top of that point. This is now the highest close in this whole formation guys, right? We haven't seen a higher close than this. And Friday we saw an absolute magnificent move, right? Magnificent move right off the open, taking out the previous day's high. And the difference between the difference between also notable difference between what happened on Friday versus that quote unquote blow off top week was we are seeing massive seven figure bets for next week, right? Not for, you know, a month from now, two months from now, we saw, I mean, I saw at least five or six, seven figure bets between the $980 and the $1,000 calls ending this week. Now, why is that significant? It's only a four day week, right? Friday the market is closed. It's good Friday. So they are betting millions of dollars that Nvidia will hit between $980 and $1,000 a share on a four day weekend. I get it. I don't care how big the fund is. And obviously these are all fun, fun bets. I don't care how big the fund is to put a million dollar bet, two million dollar bet on a four day rental. As though, you know, as again, borrowed from the, you know, from the show billions from from from Bill, right from while Bill, they are not uncertain. We'll see what happens there. I think if they're if you get any weakness on Monday, I use that weakness, especially into rising support to try to, you know, get, you know, get your shares into rising support as if it holds that rising support and they trap those eager. The video can go up higher crowd and goes red to green and confirms Friday's highs. Well, we'll see a move right back to the 38 highs of 974. I think you have everything going on here. Technically, you have an incredible close again, highest close in the whole formation. You have institutional money flow coming in with million dollar bets, and you've got a four day work week, which again makes it more aggressive for a potential move into that direction. So Nvidia definitely poises. Apostles a little bit of profit taking on Monday and there's an inside day. Of course, again, it's a stock market. Nothing has to happen, but overall technically looks very, very good Tesla. Let's talk about Tesla. The stock is broken, guys. The stock is broken. So since the we lost the 50 day moving average, again, if you've been watching this broadcast, you kind of know I've been pretty much sell bias in this whole thing. We've been finding spots in this thing to go long. But these longs, man, I tell you, if you don't take your profits into these longs, they take it right back to the next day. So we talked about it on, I think it was on Wednesday's video. It got above the 175, gave a nice move. I sold 75% of my position after hours up another $23. The next day and Friday, you know what happened, right? It gapped up, gapped up to, you know, after hours highs and went straight down. And guess what happened the next day? Next day was Friday. Again, more data coming out of China. The things are not great. And the stock now is absolutely broken. The way it's been absolutely broken ever since the loss of 50 day moving average at 230. Again, please tell me again, every single time Kathy would keeps on buying shares. Okay, right. Okay. Now the key for Tesla is the bottom range here on this reversal candle on the 318 reversal candle, right? That started this little four day little run up. If you guys notice the lows from Friday are exactly the same lows from the 318 candle is once if it starts building below this 318 candle at some point doesn't have to be Monday. But if it starts building below this 318 candle, yeah, we should start testing back. The lows from the lows from 313 speaking of Kathy would write. I've cracked her. I really have cracked her investment thesis number one. And I say this. At first I said this completely in tongue and cheek. She loves buying stocks that blow up on earnings. Okay. Right. She does that. But she also loves buying IPOs the first day. So Reddit came out and you know, Reddit came out. It was a little bit. I think it was oversubscribed. I forgot how much it was. It was oversubscribed. It went to as high as 58 and it closed lower than its opening print on Friday doesn't mean the stock has gone lower. Doesn't mean it goes higher. It doesn't mean anything. But for a sophisticated fund manager, she really does have a lot of FOMO. You know, Reddit and also the funny thing about Reddit, it felt very romantic. There was something romantic about Reddit traders buying Reddit on the IPO. So hopefully this thing kind of bottoms out, bottoms out starts giving us a little bit of, you know, a little bit of data, a little bit of supply, a little bit of demand. But you can't possibly feel comfortable trading a stock that has no data the first two days. Like what's your entries? What's your exits? You know, you can't just buy and sell a stock based on feel or can you? Right. Everybody's a good guesser until they're not. So it's very, very important guys, especially on IPO is they're sexy. They're new. They're the brand new toy. But the point is when you're trading and again, people who don't understand all these unnecessary lines that people who are, you know, 20 years old, 22 years old, tell me that they're so unnecessary. Keep this in mind. I'm trading for 25 years. I've been using these lines that are unnecessary. Yeah, they're pretty necessary. So people always mock things they don't understand. But all these lines, they do represent supply and demand. These are areas where technical buyers meet emotional sellers. And these are emotional sellers meeting technical buyers. This is why the stocks stop at those technical lines more chances than none. If you don't understand the there, well, then again, you're trading blind going into this week. Again, our job again is not to try to figure out or try to understand why the market is doing what it's doing. Just enjoy it, right? Just enjoy it and start looking for ideas that are coming out of channel. So let me give you guys some ideas that are coming out of channels. Obviously, again, is this the week and video runs to a thousand? All right, let's see. I think there's a shot. I think there's a legitimate shot. All it needs to do is reclaim Friday's highs, start building off Friday's channel. And there's a shot. We see that 974 highs again, massive, massive call buying coming in for the 980s of thousands. We even saw for the four first week of April expiration, 1050. So definitely, definitely watch that. Obviously, we talked about Tesla. Let's definitely keep an eye on Tesla on the bottom channel this week. Again, it held it on Friday's gap down. So I want to watch this arm is a name that for you guys to trade arm. It's not the easiest trader. Let's be honest. It really is not the easiest trader compared to AMD compared to Nvidia, the other semiconductor names. This one's a little tough, but you can see a channel that is playing out here, right? You can see the channel here. The last couple of weeks, it's pretty much got rejected off the same area. Guys, watch arm this week, especially if the video starts pulling everything up into a push into a thousand. If R could finally get above the last two weeks of channels, I think there's a shot it could finally start waking up here. But again, not the easiest stock to trade. I would always rather trade Nvidia. I would always try to trade AMD over that. But definitely, definitely keep an eye on that. Google had a really nice day on Friday. It's very, very close to taking out and challenging the January highs. We saw a bunch of 152 50 calls coming in for this week's expiration. Look at a name like PhD T fat, bro fat, right? I don't know what this thing is. It caught my eye. It had a big, big run up in February retrace the move. And this is the highest close now in this whole formation. If this thing starts getting above this channel, maybe it starts its next leg up. And one name that I started watching. I walked back into the webinar on Friday was forge. Everybody kind of follows not what Kathy Wood is doing, but when Nancy Pelosi is doing, obviously her trade and video has been out of its mind. Apparently she is a private investor in a company called data brings put up $5 million. The only pure play on data brings is this FR GE. I got the wrong symbol FR GE Friday started taking off. There was obviously some option activity as well. So traders started finding this FR GE on Friday for you guys. So our small, small cap traders and the stock had a massive, massive rally after the close because people picked up wind on it. So for all you guys who are long, especially in the webinar, we started watching this thing. The 2 32 233 level guys stock is up $1. Congratulations. A lot of you guys are going to wake up Monday or even sore after hours of phenomenal, phenomenal move with congratulations. So it looks like this is one of the very few pure plays on data brings going into this week. I'm sure all the traders will find others, but this was definitely the first one to take advantage. So let's talk about Fridays, Friday's channels. Obviously not a lot of things confirmed, but the ones that did actually did work. Tesla never confirmed Apple. Nice little move on Apple. It got rejected initially in that 60 72 50s level and when all the way back down took out 7080 went right back down to 70. Congratulations for you guys who took it. But this was obviously the big day, the big one. I still have a runner, a very small runner, but I do have a runner over the weekend. Just in case Nvidia wakes up 927 needs to confirm and Nvidia went absolutely nuts. And that was obviously the trade of the trade of the day, right? It went from 927 all the way up to 948 and you know, down a couple of bucks after the close, a little bit of profit taking, but I'm telling you guys this thing. If this thing confirms Friday's shadow, this thing will go. So no did nothing. AI went down like 30 40 cents. I don't think they did anything either and arm didn't confirm. Yeah, it was basically Nvidia, but Nvidia did its thing. So that's it guys. So that's it. Let's see if this is the week. Nvidia can get to 1000. Let's see if it starts pulling up the other semiconductors a bit big night and day difference between Nvidia and for example, and AMD had that big blow off top and never came back. And honestly, I'm going to watch, you know, I'm going to watch AMD to the downside this week just in case it can't rally because if Nvidia starts pulling up and there's a big potential overnight into that 1000 push and AMD can't rally. That's a perfect. That really is a perfect pair trade. You could be long and video short and the impossibly win on both sides. So again, guys, if you are interested in pivots, there's a link below. Kick the tires for 30 days. It is pretty, pretty neat. Again, nobody on the planet trades it, but us and the most important part is it's definitely a breakaway from the normal guys. God bless everybody. Have a great, great weekend with God's help. I'll see you all Monday. Take care.