Massive, Massive Tech Rally! What's Should Happen Next In The Stock Market? | 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 actual trader.com nightly wrap-up show. Hope everybody is doing well. Guys, take a moment out, support the channel if you like what we're doing. All it takes is click of the mouse. Help a brother out and hit that like button. Hopefully again, we will continue to point you in the right direction. So, you guys remember a couple of weeks ago over the weekend AI was bad. It was bad. Slow down, right? Everybody was saying, you know, slow down. The tech giants were saying slow down. You know, it's getting scary. It's getting really really scary. And the market came in very very aggressively. Well, today was the complete opposite, right? Today was literally the complete opposite. There was a massive massive rally since August, right? Since early August on the complete opposite. You know, Meta introduced its new AI agent. Meta went absolutely out of its mind. It took all the tech stocks with us. Chips went out of their minds. AMD, right? AMD has joined officially joined the $1 trillion mark. It wasn't just AMD. If you go through the whole group, you got ARM, right? You got ARM went absolutely nuts. You had Micron going crazy. Micron continues its massive move. You have some diplomacy, right? Trump said he's willing to meet with the president of Iran. This is diplomacy. There's a lot of feel-good stuff going on, right? You got oil coming down. You have treasury yields coming down. Market is in euphoria. And you look around, right? You look around. If you got If you watch the the weekend update, we talked about, you know, getting back to these August highs. Today we shattered it. Nearly a 3% move at one point. And look where we are, guys. We are literally, you know, like what, six, seven points away from the June and all-time highs. Just absolutely amazing, right? Absolutely amazing. Um great day. We had really, really good day. Uh you had just everything going absolutely nuts. The only stock that didn't participate today was obviously very, very odd. Uh was Sandisk. Kind of very odd considering uh how strong Micron was, how rest how strong the rest of the semiconductors were. But again, let's not concentrate on the name that didn't perform. Let's concentrate on the names that did. And there was a lot of great big moves again including anything anything to do with chips uh went absolutely nuts. Qualcomm, you know, every everything under the sun. So, the question is now what happens next, right? Uh obviously a retest of the June highs on the QQQs now looks very, very real. Uh is it possible the market uh rest tomorrow just to kind of catch its breath? Cuz remember, a 3% move uh is pretty damn big, right? So, it wouldn't surprise me if we get a little bit of a kind of an inside day, some profit taking tomorrow. Not to the point of look, I want to short stocks on a day that's red. No, what I want to do is I want to look at stocks that are now coming off the bottom. So, there is a rotation off for example, if there is a rotation, I'm just using the name of AMD and some profit taking, right? Um you know, Micron, some profit taking. Um you know, Qualcomm, some profit taking. Nvidia, some profit taking. They can go into other names that are finally coming back out of their channels. And I'm going to give you guys a whole bunch of name not a whole bunch, but I'm going to give you guys X amount of names to watch for tomorrow for stocks that are potentially coming back on the bottom channels. If you guys remember over the weekend, we talked about the the we talked about the MSTR, the Coinbases of the world, you know, Bitcoin surging. They explode like everything explode. We had some really really strong uh pivots today in the webinar, but the point is not what happened today, is what about to happen tomorrow. And again, we are not trying to predict the weather, we are just trying to dress for it. So, let me give you guys some names that I kind of like for tomorrow, right? Let's talk about it. Amazon. Let's start off with Amazon. Amazon Amazon closed today first close above the 50-day moving average in quite a while, right? Quite a while. If you guys remember, they were just selling Amazon off over and over and over going on Bezos selling. Well, this is now the first close above the 50-day moving average. The great part about a big big rally like this is again, you're not looking for the overextended names, you're looking for the stocks that are just coming out of the coming out of their base. So, first close today above the 50-day moving average on Amazon. Let's keep an eye on this thing tomorrow. If it could get back above today's channel tomorrow, maybe we could start a really aggressive move up into this upper Bollinger Band roughly into the mid-60s. Looks really really good. Let's talk about Microsoft. Even though Microsoft has been on a really great run since earnings, I can make a case, right? I can make a case that it's absolutely done nothing over the last month and a half and that would be true. Look how Look at the sideways action. The cool part about Microsoft, if you study the micro movements of Microsoft macro channel that we've been kind of stuck in for the last month and a half, you'll notice when Microsoft comes out of a two-three-day channel, it goes on very very aggressive run. So, let me give you guys a couple of case in point. So, here is a channel, right? Here is a channel on August 17th. It was a little bit longer, right? A little bit longer. It was one, two, three, four days, right? It got out of this channel and the stock went in the next two days from 492 all the way up to 517, right? Here was another one, right? Here was another. Here was a three-day channel. On the fourth day, it got back above this channel and the stock went from 494 all the way up to 510. So, here's You see what I'm looking at here, guys? You see this three-day channel? Tomorrow will be day four. If Microsoft could just get on top of this upper channel here, right? It get get above last week's highs, why can't this thing expand? Remember, the money flow has to go somewhere. We did see some notable Again, I'll give you guys some notable option flow in a minute, but we did see some notable October the 16 510 calls coming in with some pretty good aggressive premium. So, let's definitely keep an eye on Microsoft for tomorrow. Google, right? Google had that big big move on Friday. It hit supply, right? That's the 100-day SMA. It hit supply, got rejected. Now, what happens if Google gets back above this channel, right? Again, it's been building above the 50-day moving average very nicely. If Google could get back above the 100-day SMA, man, this thing could open up as well. So, let's keep an eye on that as well. You guys remember that Moderna like solved cured cancer, right? You guys remember that I'm obviously, you know, I'm obviously you know, exaggerating a little bit, but you guys remember that August 19th candle? It had this massive massive move and the stock went from like 60 to like 170, right? In the 170s. Guys, look how close we are of attacking that day's highs. This thing looks pretty clean. If this thing could just get back above the August 19 highs, man, this thing could really start its next leg up. So, let's keep an eye on that as well. ARK TLB, one of these space stocks, right? I think it's one of these space stocks. Again, this is kind of my point about stocks reclaiming back the 50-day moving average. You see how many times in the last couple of months has been rejected off the 50-day, this blue line here? Rejected, rejected, rejected, rejected. It finally got back above it today. Here's the key. If this thing could just reclaim back today's highs tomorrow, man, why can't this thing go on a multi-day run? So, there's definitely a lot of things to do, right? Um I have no really interest in like an AMD for tomorrow cuz it already made its move, right? I know it already made its move. It needs a little bit of rest. So, I'm definitely definitely looking for stocks kind of in the motif that we just talked about briefly. I think if there is a res day and some money outflow out of the AMDs, out of, you know, the Microns, just for as just for a little bit of a of a rest day, kind of a reset, it really could go into I I don't want to call them the laggards, but names that people want to own long-term. And if that is the case for tomorrow, we could get a really good mag seven uh type of rally. Uh Apple, right? We talked about Apple. Apple is, you know, grinding up, man. We are seeing a lot of call buying uh coming in on Apple, mainly the 340 weeklies. It doesn't sound like a lot, but when the stock was today 334, 335, they started pounding those 340 weeklies. If this thing can start getting above this upper Bollinger band, why can't this thing see the July highs? It's very possible. Again, I don't think it's going to happen on one session, but it's very very possible with this type of fuel to the market fire that this thing could start an aggressive cycle. So, let's keep an eye on uh Apple as well. Some notable flow that we saw today, okay? [laughter] Uh we got a nice little uh pivot on SpaceX today uh off last week's highs. The notable call buyers that came in on SpaceX with a lot of size, by the way. It's a very frustrating stock if you're a little of a long-term investor. The price action trades like garbage, but they came in fast and furious for the October 170 and the 17250s. Micron, right? Micron, they were coming in very very aggressively for the weekly 1070 and the 1100s. Again, I think it needs maybe a day or so of rest, but this thing looks really really good. PLTR, they were pounding, right? They were pounding today all morning, folks. The 185s non-stop. We talked about PLTR over the weekend video. PLTR looks like it has a date with the recent August 28 highs of 188, but again, 185s were pounded very very aggressively. Obviously, the catalyst for today Meta, right? Meta again, massive massive move. The September 30 800 calls we saw and the November 15 900 calls came in very very aggressively. So, I can imagine if these stocks can actually get to these measured potentials where they're betting, what kind of rally we're going to have towards the end of the year. It's very very impressive. And last but not least, Nvidia, we talked about this over the weekend update. Got back above the 10-day moving average. The notable buyer that came in for the 3,000 times, right? 3,000 times for the weekly 230 calls. Tomorrow should be an interesting day. Day, we have our game plan. Guys, if you are interested in pivots and you've been following along for years, all you got to do is spend 30 days, see if it's a right fit for you and I think you will be very pleasantly surprised. Guys, have a great night everybody. Hope everybody did well. Massive moves today in the markets. Again, you have to just look at the market on face value. One day one news is good, the next day the same news is bad and vice versa. You got to just take it one day at a time and price action on what you have, not what you want. Guys, God bless everybody. Hope everybody is doing well. I'll see you tomorrow. Take care.