 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. Good evening everybody. Welcome to another edition of the AccessToTrader.com Nightly Wrap-Up Show. Hope everybody is doing well. Crazy, crazy day before we get into the whole CPI fiasco and craziness. Again, I just want to quickly welcome all the new subscribers that are joining us on the YouTube channel. Again, we love and appreciate all your support for anybody who is new here. Like, please share, please subscribe. Again, help us continue to getting out the word of unbiased technical analysis approach. So let's get into the market right away. So we knew going into yesterday's session that today was going to be volatile, right? We talked about this last night on the video. Again, new traders unfortunately, because you're so new, you don't know the difference between volatility and average range kind of addressing the two, volatility is what we saw today. We'll get to that in a second. Average range is what these beta stocks have incorporated in their DNA on a daily basis from not the bolt and you have the ability to trade both sides of the market in between those ranges. And when we got into today's session, we knew, especially if you watched last night's video, we knew we were going to have a violent session. We knew it was going to be all over the place. The consensus for the CPI this morning was at 6.2%, I believe, the inflation for January's reading. They came at 6.4% hotter than expected. And this is when we really start talking about be careful what you wish for, right? A lot of people, oh, volatility, traders love volatility. No, no, traders love average to range. Nobody likes volatility. And here's the case in point, right? So 8 o'clock came around, the 830 CPI was released. The market gapped up into the CPI number. Everything was really good. We had a nice little rally yesterday. Everything's fine. And then the fireworks started, right? And here we go. So the initial move was up and then the initial move was down. And then the initial move was up and then the initial move was down. And then the initial move kept on going lower. They held the bottom of the channel, they held the bottom of the channel, put this hammer in. And next thing you know, we started ripping, absolutely ripping. So here, you want volatility, you got volatility. Again, the question is, were you prepared for the volatility? And unfortunately, because a lot of new traders are just not mentally there, right? They're just not mentally ready to incorporate their thoughts and their preparation when they think it's preparation, the violence gets to them. And we talked about this last night. Again, you don't want to go into, especially if you're a brand new trader, you didn't want to go into today's session with pounding on the chest. Let me show everybody how smart and tough and brilliant I am. This was 45 minutes from not to bolt from the start of the CPI to about 10, 15, 10, 30 in the morning that if you didn't really understand your levels and we'll get to the pivots in a second, we were really, really prepared for today. But if you didn't understand your levels, you got absolutely run over. If you traded today based on the number they came out and then try to instill your will what you thought was going to happen next, you got destroyed. Not once, not twice, not three times, but four times. And you can see up, down, down, down, just absolutely out of control. Look at this, look at this day guys, look at this day. Tell me this is normal, right? Tell me this is normal. This is a normal day, right? This is a normal day. So absolute violence, absolute chaos. Again, it's the equivalent of, you know, there's a, there's a lit street, right? And you make it, you go out of your way. You're completely out of your way to go into a dark, dark alley, unprotected, knowing, unknowing the kind of dangers you have. An absolutely insane day. We'll get to the pivots in a second. But more important, what is happening, right? What is continuing to happen when we talk about, I guess, if there wasn't no, if there wasn't a CPI event, we talked about the nature of that last night, right? The queues reclaimed both the five and the 10 day moving average. That was a bullish thing. That was a bearish thing. It was absolutely bullish. And today when we confirmed, and we got, you know, some pretty great prices on these things, but when everything confirmed today, it really continued to cement the fact that every single piece, whether it's negative or really negative or ultra negative or even good, right? Everything's translating to good prices. And even if we have two, three days of light volume back testing, the bulls hold, they reclaimed back levels several days, and then we start the next leg again. And you can see the stocks that continue to make us, you know, make us proud to be beta traders, right? You're in the video. You're tested to the world. Guess who are the two strongest stocks again that led today? Did everything explode today? Absolutely not. I think most of the names had a good rest today. Apple was super strong yesterday. Microsoft was super strong yesterday. Metta was super strong yesterday. Netflix was super strong yesterday. They all took a rest. And the stocks that were really aggressive yesterday, they got sold for two days in a row, they woke up, right? They woke up and we'll get to that in a second. Tesla woke up. Nvidia woke up and making some incredible, incredible moves through the course of the day. They never went down. They literally did not go down with the price action when they started getting violent to the downside. Tesla caught, you know, 215, 220, 230 weekly call buyers. And, you know, this thing is literally a nutstep throw away from last week's highs. Again, we'll get to that in a second. Nvidia, massive option flow right from the word go. They came for the 220s, the 225s, the 230s. We saw some 240s. We saw some 250s ahead of earnings. So the bull market. I mean, again, sorry. I mean, I hate the bust everybody's bubble. It still thinks we're in a bear market. This is not the way a bear market acts. Bear markets do not shake off bad news. This has been the constant since 2003 started. Since 2003 has negated bad news after bad news. The sellers has got tired at the bottom of the charts. And here we are. So now that, you know, now that CPI is out of the way. Now that natural market structure continues, right? We still have some big earnings coming up. We still have Nvidia coming up. You still have Square coming up. You know, in the next week or so, you know, you have Tesla making some incredible, incredible moves today. Again, big, big call buying coming in. I believe Elon Musk announced there is going to be, I could be wrong unless I'm completely dreaming of this. I believe Elon announced there's going to be a March 1st. Whether it's investors, investors conference, something, something to that degree. Maybe there's a run up, right? Maybe they'll see a big run up on Tesla ahead of that, ahead of that March 1st event. But I'm going to keep an eye on, I'm going to, you know, I'm going to double check to see what that is. Again, unless I was completely dreaming, I'm pretty sure I saw him tweet that, but I could be, I could be wrong. It's such a long day. So going into tomorrow's session again, I think any strong names now that we reclaimed back the five in the 10 day moving average on the Qs, right? Today we confirmed it. You can see how much airspace we have. Remember the high from two weeks ago was 313.68 on the Qs. Yesterday we confirmed, excuse me, today we confirmed that 305.10 that we talked about last night's video. Put in a nice move almost to 308. So everything looks good. I think any dips into strong names, especially on weakness, needs to be, needs to be addressed, needs to be owned after the close, Airbnb. Again, another stock that, you know, people were, you know, oh, this is the worst stock ever, Airbnb. Okay, it's up 11%. Again, nobody cares what anybody says. The proof isn't the pudding. These stocks are either going to go higher or going to go lower in the market again, no matter what, you know, what you think of an individual company, whether it's Netflix, Tesla, or even in this case, Airbnb, that's putting up an 11% move after hours. The market is really, is really paying off, right? Paying off the sentiment that we are currently having. Again, unless a company is coming out with some horrific, absolute horrific earnings. And if you guys remember, Snapchat had horrible earnings. You guys remember that? Snapchat had a terrible, terrible quarter. And guess what happened, right? It had a terrible total of a quarter and three days later, it was higher than this whole range here. So you could really see the proof isn't the pudding, how stocks and companies are almost being rewarded for just being around and surviving the pandemic of 2020 and the bear market of 2022. Is this going to continue? How long it's going to continue to be determined? But again, it's not our job to guess of what we think is going to happen a month from now, two months from now. Again, if you are watching this broadcast the first time, you know, we're just trading from the previous night's research. Like, again, everything that I'm, you know, I'm thinking it's going to happen tomorrow, it's for tomorrow. It's not for next week or next month or three years from now. I'm not trying to debate with somebody on social media why I think Tesla is going to see price X before price Y. It's just I'm taking the research and if it confirms great, if not, you know, like yesterday, right? Yesterday, I came into yesterday's session with a, you know, nice meltup. My whole, my whole day was predicated to the market losing the previous day's channels lows and never got that. So I pretty much sat there the whole day doing, doing zero. So, you know, today is a perfect example of if you are patient and you don't deviate and you don't, you know, you don't just randomly start trading because the market is open, eventually you'll get your aces and once you get your aces, once they confirm, usually plays out pretty well. So let's talk about it, right? Did everything work today? Crazy great? No, no, it didn't. I'll show you a couple of things that kind of stalled out, but we, you know, we talked about, right? We talked about Google yesterday, right? We talked about Google in last night's video, the 50-day moving average, if it starts breaking below. Again, we were prepared for both sides of the market. Google 93.60 had a really nice move, lost the 50-day moving average. If it builds below, it can flush. We put up a nice $1.50 move before it reversed on everything else, but here is the move on Google. It was a beautiful move, right? It lost this whole range here, which correlated with the 50-day moving average, went down about a dollar and a half before a reverse course. Nice move on Google, nothing wrong with that. NVIDIA, right? Look at NVIDIA here. 221 needs to build. We were moving to talk about NVIDIA last night's, on last night's video, right? We said, you know, we're going to look at these top, either the top of this channel here or the bottom of the channel here, based on the CPI, the aggression of the CPI, where we were fortunate enough that because the market went up, down, up, down, up, down, it didn't get above the previous day's range. So when the market finally opened up, oh, it surely did. 221 needs to build beautifully. Look at this move. It went all the way up, and this is the highest close in this whole formation into this 230 level. Again, massive, massive move in NVIDIA. Congratulations to all you guys who caught that. And here's a couple of names that just didn't go, right? Just didn't go. Microsoft's $74.60 needs to build. Only went up $0.3040, right? Just didn't have the juice. Maybe it takes a day off today, but didn't have the juice. Only went up about $0.3040 before it sold off. Apple never got up to the $154.60 level. AMD went nuts at one point today. Really good. $84.16 needs to build. Usually, you know, when you get a $2, $3 move to the $200 stock, you know, $300 stock, $100 stock. But, you know, AMD is giving now $2 candles, man. I think it's nothing. So it took out this $84.15 level. Pretty much close at the highs. Went to $86.18. This thing looks higher. Beautiful move on AMD. This looks really, really good. Boeing went nuts today, right? Boeing 216.50.217 needs to build to test its previous 219 range. Here was Boeing, right? Here was Boeing. Took out this whole 216.5, 217. Took out the 219. Went all the way up to 221 and changed. Huge move on Boeing. Again, you're going to get these big aggressive moves because of the CPI event. FSLY 1310 needs to confirm yesterday's move if it can get on the dip buy potential. Only went up about $0.30. But again, is $0.30 a good move? Again, I don't know. I don't trade these things anymore. But is $0.30 a good move, right? Is $0.30 a good move on a $13 stock, right? Who the hell knows, right? But again, took out the 1310. It closed right at the highs of the day into this 1350. Listen, this thing starts building back above 1350 tomorrow. This thing has more room for the upside. Tesla, here it is. Here is the play. Here is the play. Here is the play. Here is the play. So I had two-sided on Tesla, right? The first one, $196.30 needs to build. Second entry against part of the PS60 theory. And again, I put it two-sided trade. $187.60 if it builds below open flush. So we were just waiting for the confirmation, right? We were just waiting for this, for the confirmation, confirmation on Tesla. And we wanted to see which one would confirm first. Let me just say, in case you haven't figured out yet, $196.30 confirmed. It absolutely went bananas. Okay, as you can see here, after hours, right? $196.30 after hours is trading at $110.30. You know, this thing looks like it's ready to go. $214.00 is the next big number. If this thing can confirm $214.00 tomorrow, we could see $220.00, maybe even $226.00 in these upper channels. But Tesla is an absolute rock star. Up another dollar and change after hours. Huge, huge move. Metta, again, another one that wasn't a big move. $81.00 needs to build. Only went up $0.50.00. And then it kind of died out a little bit. Qs went nuts. Again, we discussed this price last night's video. $3.05.10 needs to build. And you could see the Qs pretty much closed, you know, near the highs of the day. You know, went almost to $3.08. So really, really strong move on the QQQs as well. So that's it, guys. That's it. Crazy day. Very, very aggressive. Again, guys, you don't need to trade every day. And that's exactly what we proved yesterday. When it's not in your sweet spot, just leave it alone. Today, we were ready for it. We were ready for both sides. The market did exactly what we thought in the morning. Up, down, up, down, up, down. It took everybody's brain cells and everybody's legs and lungs and ears and noses and everything in between off their person. And whoever was left got treated with an incredible, incredible bull stampede to follow. Guys, stay blessed, everybody. Have a great night. Hopefully, when we speak tomorrow, Tesla will be around 2.15 to 2.20. Hell, if I'm asking, maybe 2.30, right? If you got to ask, dream big. Have a great night, everybody. God bless. And I'll see you all tomorrow. Take care.