Do Not Trade The Stock Market! Trade This Instead | PS60 Process

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 axtrader.com nightly wrap-up show. Hope everybody is uh doing well. Guys, thank you very much for uh spending a couple of minutes with us. All I ask is if you like uh what we're doing, the content, and hopefully we'll keep keep on helping you out, uh all I ask is click that like button, support the channel if you haven't done so already. Uh come aboard, subscribe, and hopefully we can continue to uh point you in the right direction. So, uh the Dow down uh another 400 points uh 3-day uh slide, nobody cares. Uh rates uh jump, crude oil jumps, nobody cares. And the reason why I say nobody cares, not from the human aspect. Again, I've said this for continuous time and time again. We're not trading the stock market, guys. We're trading individual value. And if you look at the scoreboard, you got the Dow down 400. Uh the S&P down half of a percent, was 37 points, and you have the NASDAQ, right? You have the NASDAQ down 168 points or 610 of a percent. uh depending what you were looking at today, it felt like the NASDAQ was up a thousand today, right? Again, the scoreboard doesn't paint a picture. And let's talk about the macro view. Uh bulls continue to build uh above the 50-day moving average on the QQQ's, kind of digesting this last engulfing move on September the 3rd and kind of just going sideways. Uh everything is on the table deemed as bullish until we lose 7-Eleven. If you guys remember, 7-Eleven was the 50-day reount uh that started this whole initial move up, while 7-Eleven now becomes the line in the sand and support. Obviously, any close below 7-Eleven will give up the 50-day moving average. So, the fact that the bulls are above the 50-day for now, it's good. Obviously, anything could happen uh within a 24h hour period or so, but as of right now, on the surface, the bulls are doing a really really good job. And the reason why uh the reason why I talk about it felt at one point today that the NASDAQ was up a thousand is because the market players right is because the market players. Meta was amazing today, right? Meta was amazing today. Stock was up uh 6% today on the launch of its Muse personal AI agent. I personally couldn't care less what the hell that is, but obviously this was a massive massive move. and the folks who apparently were betting the 625 640 weeklys yesterday, they were just really, really good guessers. So, shout out to the really, really good guessers uh off Meta. Really great job. AMD, right? AMD was a big one today. If you look back what we talk about the the reminder of the the importance of the 50-day moving average and uh Kenyon posted if you haven't seen it already uh on our uh YouTube channel over the weekend. Kenyon posted an hour and a half presentation of what I look for for what makes a dynamic swing potential for advant advantageous entries. And that includes the number one thing for me is reclaiming back the 50-day moving average. If you talked about the the dynamics of it, we saw in the last week or so uh Q's reclaiming 7-Eleven, they went to 724 in 24 hours. Micron reclaiming the 50-day at 970. Micron right now, this is the highest close in the whole formation. We traded today at the 1040s. And today, AMD did exactly the same thing. Yesterday, it reclaimed the 50-day moving average. today came back pre-market, retested it, successfully defended, took out yesterday's channel and absolutely exploded. So, you had some really, really strong moves uh in the memory names, right? Sanders continues uh continues its really really strong performance. All Sanders now needs to do is get above this Ballinger band here of roughly 1808 and this thing will start to surge as well. So, you have the chips doing really really well. Look at Marvel, right? Look, you got a Marvel uh doing exceptionally well. Uh we talked about a AMD ALAB. ALAB has been moving very strongly. You all ALAB needs to do is get back above that 330 level. The 330 level is going to actually around 326. If ALAB could get back above 326, it could really start an aggressive uh channel back to the upside again. That is below right now. It's below the 50-day. It needs to get back uh above that as well. Uh Qualcomm had a big move on a couple of days ago. Again, kind of just digesting this big move here. Uh Qualcomm needs to get back above uh this 100 day SMA. So, you can clearly see there's definitely money flow in these uh stocks. And again, because the semiconductor/memory names are such a big weight, right? Such a big weight on the NASDAQ 100. Again, this is why it seemed like the NASDAQ was down a thousand. So, what went wrong, right? Well, it's the other players, right? It's the other players who just can't find footing. Like, look at look at Amazon. I really haven't talked about Amazon in a while, man. You know, Amazon, you know, this is now the first close on Amazon below the 50-day moving average. Folks, if there is any weakness in the market and Amazon loses today's channel tomorrow, I'm going to watch this thing for a short. If this thing starts losing uh today's channel tomorrow, this thing could be a potential short for tomorrow. We got to watch this thing. Google. Google looks like absolute hot garbage, man. Google's been below the 50-day. Look, look how long Google has been below the 50-day. Again, this is where we talk about there's no certain that your stock is going to just reclaim back the 50-day moving average. So, the last time Google was above the 50-day moving average was on August the 6th when it was a 364. Well, the stock right now is at 330, right? So again, it really shows you the importance of getting back above because if you look at the last couple of times that it attempted to get back above, right, it hit the 50-day, got rejected. Next day, hit the 50-day, got rejected on August the 28th, hit the day 50 gets rejected. So folks, again, if you haven't watched the video on optimum entries for longerterm potential trades, just watch the weekend video. Uh we there's two videos. There's a weekend update and then there is the swing orientation of what I look for for more dynamic entries if you're looking for a longer uh timeframe uh entry. So uh good stuff there uh by the semiconductors. The most important part kind of going into tomorrow's session is we want to see what happens with the dynamic of disconnect, right? So you got Amazon's weak, Microsoft now again also starting to get a little bit weaker. Uh, Apple had its uh what do they call it? Let me call let's see what what it was called today. It was called the let me see what the damn damn thing they called it. It was called the surprise and shine today, right? It was their event. It's the It was their first major product event under the new uh CEO that replaced um Cook. So, here's what you got. You got iPhone 18 coming out. Wow. You got the What else you got? You got longer battery life. Awesome. Fantastic. You got Apple Watch 12. Phenomenal AirPods 5. I just got the AirPods 4. Like literally like two days ago they came out AirPods 5. Nobody tells me these things, right? So you have this kind of like sell the event and then they brought it back and then they sold it. So again, you have a lot of different dynamics to the market, but the most important part is what we talk about. The cues need to continue to build, right? They need to continue to build above the 50-day moving average. the higher probability that it continues to build over the 50-day, the higher probability it will test uh this 724 level, which was the high from August the 28th before the next move up. Now, what's going to need to happen? Well, you can't just rely on the Microns, the Sandis, the AMDs of the world, right? These are the stocks that need to wake up like Nvidia. I feel like Nvidia is like good or just use let's use the word tradable like once a month. You guys get that? I I I feel like it is. I I feel like it's really tradable like once a month. It'll have this like one really good day and then the next day will completely engulf. It'll go back lower. It'll frustrate you, frustrate you, and then then you'll just have this random day three weeks from now it's going to see the top of the range again. If that's your, you know, that's your thing, that's your thing. But it feels like these other semiconductor names, they just kind of kind of need to wake up. Google got to wake up. Amazon needs to wake up. Meta's obviously doing his part. You know, Apple, let's see if this thing shakes off. Tesla, what the hell are you doing, right? Explain to me what you're doing. Again, it's the greatest stock to trade on the planet. Again, there's another really good pivot we had today on as well. We'll show you the pivots in a second, but again, if you're an investor, what the hell do you need to do for this damn thing to have an expansion cycle? And oh, by the way, continue its expansion cycle to be determined. Uh big buyers still continue to come in short-term expiration. Uh 365s, 370s, 380s. Uh we saw some 918 uh $400 calls. some other notable option flow uh that we did see uh in the next uh you know next couple days for potential moves. Intel, beautiful chart, beautiful chart on Intel buyer came in for the October 2nd 115 calls $1.7 million premium. Again, the United States of America has a really strong position in the stock and the stock had a really really good run. Meta, right? Meta big big move today. Again, uh the notable buyer came in for 5,000. It's a lot. 5,000 of the September 18th expiration, which is next week, for the $700 calls. Big bet there as well. Uh AMD, right? AMD broke out. I love AMD. I think that this thing looks absolutely great along with Micron. Uh AMD, a big buyer came in for next week's 550 call. So, you have a lot of dynamics here, right? You have a lot of dynamics at work. You have a lot of disconnect at work. The question is, can the market continue to balance out the oil surging, the yield surging, uh many stocks not participating without giving back the 50-day? That is always on the table. Again, we can't be naive to think that, you know what, there's going to be a lot of things they're going to be thrown at us and we can just disregard them, right? The market eventually gets tired. Sellers get tired at the bottom, buyers get tired at the top. But the most important part is again we are not in the prediction business right we're not okay we are taking data and we talked about this every single day we take about data and we put it for the next trading session that's it I don't know where Micron's going to be a year from now I don't know where Apple's going to be a year from now we are getting prepared for tomorrow there's dynamic ranges stock takes out supply it will go higher stock takes out demand it will go lower again there is no magic formula there's no magic bullets that's literally technical analysis That's literally organic orderflow. But the problem is when you got Amazon, Google, Microsoft, right? All these other stocks that can't rally versus Micron, AMD, and Sandis, something has to give. Either that these strong stocks are going to pull everything up and continue this rally that the cues are building over the 50-day moving average, or these buyers are going to give up and join the debt. And that's the problem. And that's always the case for a longerterm shareholder to try to figure out what happens first. The good part is we don't have to figure it out. Every single day is its own dynamic. Every single day has its own personality. And again, like I said when we started the video, we are not trading the market. We are trading individual stocks. So let's talk about some ideas for tomorrow. Uh Intel, let's keep an eye on this thing above this range here. This is day two above the 50-day moving average I mentioned before 1.7 million for the October 2nd expiration. the 115 calls. If you trade financials, guys, look at City Bank, right? Look at City Bank. It's building uh day four above the 50-day moving average. Again, usually I'm not a big financial guy, but you could see how tight this flag is building above the 50-day. Keep an eye on uh City Bank. And again, I'm sure there's other financials that look good, but keep an eye on City Bank just in case they start lighting them up. Uh Meta, any weakness tomorrow, guys? Any weakness tomorrow? If there is an indeed quote unquote res day or inside day, you want to be a buyer into weakness. Again, you cannot discount uh the short-term expiration $700 calls that came in uh anything into rising daily or probably more likely than not 60 minutes support. You want to take a stab at Meta there potentially could go red to green and take out today's channel and have a higher move day two run. Uh AMD, same notes. You know, this is now day two above the 50-day moving average. Use any weakness for as long as it keeps on building above the 50 and they continue to defend the 50, continue to buy it against the 50 and hopefully the stocks expands above today's channel tomorrow. Uh you can see another big move uh Micron right Micron now this is now the highest close in this whole formation. uh any close folks any close above this whole channel here which represents the August highs sees 1064 and then 1,00 that's the next two next two uh measured potential moves for price discovery. So that's it everybody hope everybody is doing well. Uh just as a side note uh the Labor Day link for discount for the 30-day uh webinar is still live till the end of the week. Uh, so far we got a good amount of new folks, new faces, uh, seeing if the pivots are right fit for you. And I'm sure people will attest, uh, it is pretty neat. Guys, have a great night. Stay blessed. And with God's help, I'll see you on the field tomorrow.