 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 theaxesandtrader.com. Weekend special, hope everybody is doing well. I usually do the updates either Saturday morning or Sunday morning. Right now, it's a little after five o'clock. The market's closed about an hour or so. I figured while everything's so fresh in my head, kind of put my thoughts to paper, or thoughts to the cybernet, as we know now. If you are brand new to the channel, guys, thank you very much for tuning in. Only thing we ask, if you like the content and you like the unbiased nature of technical analysis, click alike. Take a second. It'll help the channel out and help us continue to give you an unbiased approach. And hopefully you guys will continue to hang around a little bit longer. So take a second, like the video, click, share, subscribe, all that good stuff that everybody tells me to say to hopefully get the word out for technical analysis. So let's talk about this. If I told you at the beginning of the week that the NASDAQ was only 1.1%, you're probably looking at me like I have five heads. Crazy week, absolutely crazy week. If you guys remember, the last time we spoke was Wednesday. Why was Wednesday such a pivotal day? If you guys remember Tuesday night, there was half of the super team that came out with earnings. You had Microsoft, you had AMD, and you had Google, right? And all three were down pretty significant after hours. And when you walked in the next day, not only were the stocks gapping down aggressively, but we were set up for FOMC. And FOMC came and Jerome Powell started doing the Jerome Powell. The long, the short of the conversation basically that until he is looking for a confident data of 2% inflation, doesn't see too many rate cuts ahead, at least anything imminent for the March session. The market didn't like that, right? And if you guys remember the NASDAQ, the S&P, the Dow, they all got hit into Wednesday night session. And the last thing we talked about, if you go back to Wednesday's video, I was like, all right, look, the market hasn't had a day two pullback, literally the whole year, right? When I mean literally all year, literally the whole month. We have not seen a day two pullback. And my game plan for Thursday's session was, well, let's see if we could actually have a day two pullback, right? Let's see if the selling can start accelerating for one more day. Granted, the market has not given us a day two pullback the whole month. Maybe today's different. It wasn't different. It wasn't different at all. The market did exactly what it's done pretty much for the most part of 2023. All of 2024, the market reclaimed back damage support and went higher. And Thursday we had a significant rally. And this is guys why I always reiterate, especially to new traders starting out, you could be completely wrong in your thesis, right? You could be literally completely wrong. Don't be wrong financially, right? Nobody's guessing. Nobody's guessing. Nobody's predicting. My whole game plan for the next day was, well, let's see if we could get a gap up. We got that gap up. And let's see now if we could take down the previous day's ranges. So I was ready for the short side. It obviously never came. You could see here on the cues, they never took down the previous day's low. And then we started rallying. And then we started getting aggressive. And then we started getting super aggressive. And that spilled over into Thursday session. And Thursday session came out with the second part of the super group, the super trio, right? The three amigos. And the three amigos were Metta, Amazon, and Apple. And the ironic part about what's going on right now is the continuation of how aggressive people are chasing. What was the last time you saw a move on Amazon like this? Hell, what was the last time you saw a move on Metta like this? Even Apple, with its not great earnings report, okay? When green at one point, when green and actually closes a green candle, right? This is a higher close than the open. So an incredible bullish market, incredible euphoria is still going on. Again, you could prepare for the downside. I've been so many times in the first 15 years. I'm going on year 25. It's going to be my 25th anniversary in May, right? This coming May. And I'll tell you, the first 10, 15 years, every euphoric market, I was never prepared for the rug pull, never prepared for it. I'm prepared for it now, and yet it doesn't come. So the most important part is be aware, right? Have a two-sided game plan, like we always talk about every single video. And again, if one side of the market doesn't confirm, and that side is your research, it's okay, right? It's okay. Nobody cares if you're wrong. This is not a contest to see predictions of the stock market close. If you think I know where the stock market's going to be on Monday, you're out of your mind. If you think anybody knows, they're out of their mind. All we can do is prepare, right? So for example, I'll give you a perfect example. Metta had a huge move, right? Absolutely huge move. They were coming for the 500 calls short-term expiration like it was the last day to buy calls, right? Stock was up 80 points in the day. There was a guy who came out, right? I'll tell you how crazy the stock was today. There was a better who came out at roughly around 1.30 in the afternoon. He bet a quarter of a million dollars that the stock was going to be at 5.85 by day's end, a quarter of a million dollars for a three and a half hour rental. The stock didn't need three and a half hours. It went to 5.85 within an hour. The calls were up 300% an hour. This dude is betting after the stock was up 80 points. It was going to go up another 10 points, 10 points in the next two and a half hours. And you know what? It happened. So the market is absolutely insane. And again, going into my point about Monday, Monday, you would think, hey, any weakness, right? Any weakness, meta, you need to be long, right? So if meta has any profit taking Monday morning, you need to get long. Because the way they're buying up stocks into momentum stocks, into good news, they're driving these prices into orbit. So any weakness needs to be bought. So if the stock does trap shorts on the bottom, rising 60-minute support and goes right to green, we could test back today's highs. But hey, is it possible meta just goes down on Monday, right? Maybe goes down 20, 30 points? Because the stock was up 80 points. Does it have to bounce tomorrow? And that's my point. Nothing has to happen. But if you look at the strong stocks, the strong stocks with catalyst, especially in the last month, that's been the formula. Buy stocks into weakness on strong names. That's exactly what's happened to Vidya. That's exactly what's happened to SMCI. Hell, that's exactly what's happened to Microsoft. Microsoft had a horrible, at least horrible reaction to earnings. And look what happened. Microsoft now, this is the highest close in this whole formation. So the key element, again, until stocks start taking out the previous day's range, strong stocks need to be bought into rising dips. When I say 60-minute support, because I see a lot of new traders asking me, I'm referring to this 60-minute view on your chart. So instead, if you guys are training on the one-minute chart and the five-minute chart, I trade on the 60-minute chart. So anything into rising support is what I'm talking about. I'm referring to buying into 60-minute dip, but that is the key. Continue to buy dips. And once they start taking out the previous day's range, that's when the buyers come in, kicking into gear, and we start seeing more new highs. So going into next week, again, let me just check out the earnings, potential earnings players for next week. Let's see what we got here. Next week, next week, next week, we got Monday. Let's see, Monday we got McDonald's Caterpillar. Don't see as much technology. Palantir doesn't really drive the needle. Tuesday, Tuesday, Tuesday, nothing. ENPH, nothing really on Tuesday. Amgen, nothing really to get excited about. Wednesday, you got Disney, Alibaba, Roblox. That could be interesting. Roblox, Wind Resorts, nothing really crazy there. Next Thursday, Cloudfare, NET, Affirm, TTWO, not crazy. Pinterest had a nice little run there as well. I think NVIDIA comes out, I think within the next two weeks or so. So that's going to be the last major report for the technology space. But so far, so good. The market just continues to be just rock star, just crazy, right? Just absolutely crazy. And hopefully, this market continues. But again, every single video and every single day always be prepared in case they pull the market as they start taking out the previous day's range. So let's talk about today's pivots. The one stock that continues to get hit and is just not rallying, is just not participating, is Tesla. I feel like every single day I've been trading Tesla, and yeah, it's not getting killed. It's not getting killed, but you're still getting cashflow. And that's the point. The point is it's not rallying. Tesla today, 184.28, if it builds below can flush. I caught Tesla a little bit today for like a dollar and change. Nothing crazy. Went down a dollar and change. It's still, I'm still waiting for that big macro breakdown below the earnings low. I think if the stock, and you can see here, despite it not cracking down yet, you can see it's putting in four straight days of lower highs and lower lows. The next big break on Tesla for a next macro leg down will be the earnings low. Is it possible it doesn't get there? It's possible, but yeah, it's probably will get there. So I'm watching the earnings low, hopefully gets there this week. But again, it just continues to not to participate in this extraordinary rally. Amazon 172 needs to build for more upside. We actually got long off of 171. If you look at the intraday chart, and you'll see on the 60-minute view, there was a seller there. There is a seller there. If you look at the 60-minute view, this whole channel here, right? Let me get rid of this fake chart, fake line. There we go. Right? So we watched it. It got rejected off 71 four times, right? Four times it got rejected off 71. They finally went through 71, gave a pretty aggressive pop, went to like 72.5, but keep this in mind. The stock was already up $12 by the time it happened, 7% plus. So you didn't give a big move like meta, but this thing is poised for another run. Obviously, any weakness for Amazon, we want to make sure that we are buying into support. Let's see if it tests eventually next week the after-hours highs from Thursday. We'll definitely keep an eye on that, but nice pop. Nice pop on Amazon. ISRG, I just wasn't watching. 384 needs to build. It trades a little thinner. ISRG, let me see what it did. I have no idea what it did. 384 needs to build. They're basically 384. That didn't do anything today. I still like this thing to go higher. Watch this ISRG. This was Microsoft. Microsoft continues to be really good despite the initial crappy reaction to earnings. Nice pop on Microsoft today. 408 needs to build. Here is a Microsoft. It took out the 408, traded all the way up to almost 413. You know, listen, that 415 highs is still on deck for next week if the market continues. Meta was a monster, an absolute monster today. I mean, what are you going to say? I know a lot of you guys, you want to hear a tragic story? Okay, maybe tragic is overblown. But we talked about this on the morning strategy. I wanted to dip by Meta today on the 453 five-minute wash. Do you know what the low of the day today was? 453.01. You can't even make this up. I wanted to buy the wash. I had bids in 452, 451, 450. It stopped at 453.01. You cannot make this up and just started absolutely exploding. I actually got along and again, I'm the first person to admit it. I caught a little bit of the follow bug today. So I got along on the 465.70s and this thing just went nuts. I mean, if all you guys, congratulations, all you guys have caught that dip, congratulations. But look at this move. I mean, look at this move, just absolutely nuts. Here is the 465.87. I got rejected twice and this thing just went absolutely nuts. It put up another $20 on top of the 65.67. So congratulations, guys. Again, this thing needs to be bought into dips. Qualcomm, I didn't trade. I was just concentrating on the dips. I know it worked. I just don't know how much it worked for. 140 if it builds below can flush more. Here was Qualcomm. I think it flushed down, yeah, it flushed down to like 39 and then held the 50 date and went back up. Incredible market, guys. Incredible market. I hope all you guys are doing well. Again, always have an opinion, always have a game plan. Again, you could be rolling 100% of the time on your game plan. Just don't be a mule, right? Don't be a mule and try to recreate the wheel if the wheel is not there to be recreated. So let me give you guys some ideas for Monday that I like. Look at Shopify. Check the earnings date, but look at Shopify. Shopify is very close taking out the top of the range. This looks really good. Fastenall, a name. I don't really trade Fastenall, but look at this chart, man. This looks really, really good. Keep an eye on this thing. This thing confirms today's channel on Monday. This thing could really wake up. So keep an eye on that. FSLY, beautiful breakout today. Really, really beautiful breakout today. The only reason why it stopped is the Bollinger Band. If it starts reclaiming this Bollinger Band tomorrow or Monday, you could get another move up. And obviously, again, we're watching Meadow. We're watching Amazon for any weakness profit-taking for potential dip buys. And obviously I'm still watching Tesla for a potential earnings low test, right? So that's it. So guys, one quick announcement. Again, for all you guys, we get a lot of emails and all that stuff into support and stuff. If you are interested in PIVOTS and you just want to check it out, guys, we have a 30-day kick the tires, come in. We have a lot of goodies in there that I can't really disclose on the video here, but we have a lot of goodies there that will make your life as a trader a lot easier. That's the best way of saying a lot easier, a lot of good stuff there that you could take advantage of, option flow, squawk box, all that good stuff. But more important, kick the tires and see if PIVOTS are right fit for you. Guys, have a great night. Have a great weekend. God bless everybody. Stay healthy. And with God's help, I'll see you on Monday. Take care.