 Again, why would you possibly beam along Microsoft up here after a run from down here, right? It just doesn't make any sense. So everything that woke up today woke up from the bottom channels. We talked about Square for the last couple of days continues to be strong, but look at the common denominator, right? Look where it's coming from. 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, meeting everybody. Welcome to another edition of the access to trader.com nightly wrap up show. Hope everybody is doing well. Crazy market, right? It didn't look like a lot was going on today, but that's the whole point. There wasn't supposed to be a lot today. If you look at the queues we talked about last night's video, you're not going to get really a lot out of today's session. The Dow was down 400 points. Again, we really don't pay attention to the Dow a lot ago. And remember, it's only 30 stocks. The Nasdaq, you know, the queues were down a buck. Nasdaq composite down 20 handles like we talked about last night. You know, it feels like the market just needs a little bit of rest. Ironically, the stock that I was thinking about shorting today, you know, gap down fifth, like Tesla this morning, gap down 15 points. There was actually no play in Tesla today. And then all of a sudden it woke up and just did what Tesla does in a good market. But overall, the market's fine. And this is kind of what really proves the point, especially to the new traders. The indexes are not there to put you in a situation that you're going to fail or succeed because the Dow is up or down 400 points. It means absolutely nothing. You can see today, even though we had some weakest day in indexes and some strength today in the indexes, we kept on going back and forth, back and forth. The moral of the story is the stock that was strong, the stock's plural, that were strong and the names we were talking about just coming out of the bottom channels that we talked about last night, the night before. And that's kind of where your value is. I really didn't put myself in a situation that I was expecting anything today. Like I said last night in the video, I didn't think it was going to be any enthusiastic. And what we talked about today at Morning Strategy is, look, I expect nothing, right? Expect nothing. If you don't expect anything, you're not going to be disappointed. But slowly, for sure, what's cool about this market in general, especially in the last two weeks and change that we've reclaimed the 50 day moving average, something will always fall into your lap. And that's kind of the point. As long as you are prepared from the night before and don't have any unworldly expectations of what's supposed to be, then you're probably going to get, you're probably going to get something that's going to fall into your lap that you're going to do well with. And again, we had our research. Again, we'll get to the individual pivots in a second. We had our research. We knew what was tired. We knew what was pretty much in orbit. We kind of left those alone. And the most important part is, again, if you're going to be wrong, be wrong from down here. Don't be wrong from up here. Again, just ask anybody who got long micro, again, we talked about this. Like again, why would you possibly be long Microsoft up here after a run from down here, right? It just doesn't make any sense. So everything that woke up today, woke up from the bottom channels. We talked about square for the last couple of days, continues to be strong. But look at the common denominator, right? Look where it's coming from, right? We had roadblocks today. Again, look where it's coming from, right? It's not coming from up here. It's coming from the bottom channels here, right? Look at Shopify. Again, we'll get to the individual pivots momentarily. But look, it's the same common denominator over again. It's a rotation, right? When a bull market happens and they start reclaiming levels, it's not like they're sitting there and everything goes up at once and everything is tired at once and everything is kind of in the clouds at once. They go up one by one by one by one. And when they all start getting about the 50 day moving average and they start building for a longer period of time, that's when you have your really big aggressive rallies. And kind of when you look at the tape today, again, look at the spies a little bit tired. Tomorrow guys, pay attention to, again, it wasn't one of those destruction. Again, nobody's talking about destruction, but keep an eye on this area here on the spies. If you can see here, the low from July 29th is 406.77. Today's low is 406.82, you see that? So if spy tomorrow they start losing, you know, and again, we just wanna make sure everybody's ready to trade on both sides of the market. If the spies start losing tomorrow this 406.77 level, yeah, I mean, listen, is it possible to get down to this 401, 402? Sure, absolutely. And the market will still be fine because again, the market commands that a digestion period takes place. Again, we can't go straight up. We talked about this now. This is now the second night in a row that we're talking about this. You need a little bit of rest. It's just organic. You just don't wanna have the scenario that even the biggest bulls, like I mentioned last night are gonna turn around and say, this is too much, too fast. I don't wanna be long, right? You don't want that. So you want two, three days up. You want one day down. You want one day sideways. More stocks getting above their channels of the supply and kind of rinse, repeat, rinse, repeat. So watch tomorrow just in case we start pulling down this 406.77 area on the spies. Keep an eye on this thing for a potential trade down, trade down to the 10 day moving average on the IWM. You kind of have a little bit of different scenario. This is a scenario. The IWM has just actually been really, really strong. You've had a number of days above the 50 day moving average and it's just putting in a higher lows. You can see how it hugged the five day moving average. Again, the smaller names are really, really strong. Again, if you ever ask the question, is this a dead cat balance versus a rally? Well, let me show you this, right? So for all you guys who haven't seen this, and I realized that they started seeing it today, there's a stock HKD, right? It's stock basically went from like 50 bucks to 2,500. It's not a misprint. It literally in four days has gone from like 100 to 2,500 bucks. If this is what you're focusing on, you're missing so the point of what trading is. First of all, this stock at some point was trading $2,300, $400 spread. So basically, if you bought one little share, you're down 400 bucks as soon as you put on the trade. Again, guys, you're wasting your time. It's cool, it looks great. It's a great conversational piece at the next party. No trader is looking at this. Again, when I'm looking at a stock and I'm looking at a stock, for example, like a workday, right? Like a workday was a little too thin for me. Workday ran up about $1.60, $1.70, and it was a little too thin for me. So picture what you're, and this is workday, a NASDAQ 100 company. Picture what you're doing with this. A stock that's trading at a $300, $400 spread, not a $0.30 spread, not a dollar spread, a $400 spread. Look, if you wanna gamble, download the DraftKing app. Look, they give you money for signing up. They match your deposit. At least bet on sports, man. At least you got a 50-50 shot. What you're doing is call it what you want. You wanna call a trading, okay, right? Okay, you could put lipstick on a pig, still a pig. Anyway, back to normal life, right? So back to normal life. NASDAQ 100, NASDAQ 100 has exactly the same thing kind of happening here with the spies. You can see here, it touched a five-day moving average and it kind of held. Again, I don't wanna make it dramatic, so I won't. But if the NASDAQ 100 tomorrow starts losing 11.84, yeah, I mean, there's a trade there, right? There's a trade back to the 10-day moving average. But the coolest part about today's session was even when the market was red, you know, a lot of the morning, right? And you saw some put-buying coming in. The coolest part about it is that these stocks are so strong that they came out of the channels on their own two feet and it didn't really make a difference what the market did, right, quote-unquote, the market did. It's all about the individual stocks. Remember, the stock market is a thing of the past, right? Now for the last five, 10 years or so, now it's more a market full of stocks. And again, individual stocks, we're just using the indexes as a guideline. So tomorrow, again, you know, I'm not really loving anything on the short side. I mean, can the market come in? It could, right? It absolutely could. But again, I think there's so much opportunity still on the long side because there is no fear. Think about what do you need for the market to go down? You need fear, right? You need fear. You need a catalyst. Well, we had a catalyst. So it's earning season. Predominantly, majority of the tech earnings are already reported and most of them missed their numbers and still went higher. So that's bullish, right? So you're not gonna get the market down on a catalyst. You're not gonna get the market down on fear because again, as long as people are buying one share of a stock with a $400 spread, what fear are we talking about here, right? So, you know, look, I think this is a scenario, you know, trade, whatever comes to you, you know, don't put a lot of, you know, don't put a lot of, you know, a lot of pressure in yourself that you have to do something every single day. There's still a lot of good value place out there. The most important part, you know, some days you'll get one trade, sometimes you get 10. But again, remember the key and this is the most important part. It's not how many trade. It's how many you trade properly. So let's talk about the day. I forgot to put a couple of pivots on the feed. This is from last night's, last night's watch list. Shopify, I forgot to put it on the Twitter feed. That was the only reason I'm talking about it. Shopify 3745 needs to build. You know, nice move, went up about a dollar or so. They're coming for the $40 calls. Look, if this thing starts building above 39 tomorrow, I think there's a shot at this 4068 level. I really still like Shopify. This is the highest close in this whole formation. Not a big move, but you know, it is what it is here. There was a two-sided play on Tesla today, 905 to the upside, 885 to the downside. But since Tesla gap down like 15, that trade was done, BTTX, I think, I don't know, I think went down like 20% today. I don't even think it went up there. PayPal, nice report after the close. Obviously didn't trigger in the course of the regular session, but PayPal reported pretty good quarter, right? Pretty good quarter. And obviously the market gods are helping. It's out, Square 7905 needs to build. Here was Square, took out the 7905 area. Traded almost to 83 bucks, really, really big move on Square. Traded 81 to the regular sessions. It's still a really nice move on Square there. Workday again, a little bit too thin for me, but 156.20 needs to build. Here was Workday. It took out the 156.20 went up, you know, went up like $1.50, nothing big there as well. And those, here's the rest of the pivots. Roadblocks, 45.83 needs to build. Nice little move on roadblocks, nothing crazy, but nice move. So here's the 45.83. It took out this whole channel. Traded right to supply here at 47.20. We talked about 47.20, 47.30 as measured potential. Overstock, obviously PayPal never triggered. It's up a lot today after the close. Overstock never triggered. Tesla again, 8.96 for possible build to 9.05. Not only did that come, you know, build. It went all the way up into the 9.20s. And I said, look, stay very patient today. Remember, we trade because there's value, not because the market is open. That's the key. That's the way to kind of buy time here. Workday takes some sales on the, excuse me, RBLX takes some sales on the way up. Here was Workday. Like I said here before, take on the way up. Always, guys, always take money on the way up. Shop, keep a type runner. We might get pushed to 40 tomorrow. And Google, I still like, that hasn't triggered. So look, the market is, you know, no news is good news, right? After the close, you know, you had some earnings. Look, AMD had a phenomenal, phenomenal run. Does it really even matter that it's down four bucks after the close? Look at the run AMD had. It really, really nice move on AMD. And today's just a little bit of profit taking. You got Starbucks coming out with earnings. I'm not saying I'm totally responsible for Starbucks earnings, but I do contribute quite often. You had Uber, right? You had Uber today, right? You had Uber today with a nice quarter there as well. Sulfi, Sulfi had a nice quarter there as well. You got Gilead, nothing really in Gilead. So that's it. Oh, Airbnb, Airbnb again, same type of situation as same type of situation as AMD. It had a big run. You could see the run it had, really, really big run. It's, you know, getting smacked here after the close, but ironically, the price here is still higher than the whole range here where it came out of. So again, good bullish market so far. Well, so far continues. The most important part is guys, you know, trade eyes wide open. Don't trade with the blind is on. Again, don't chase stocks. Don't obviously trade stocks. Do I even have to say it? Don't trade stocks with $300 spread. Sometimes some people need to hear it. All right, guys, that's it. God bless everybody. Everybody's doing well. Tomorrow's another day. Some pretty good value on top. And hopefully everybody will do well. Guys, have a great night. I'll see you tomorrow.