He was referring to something different. Child Labor Laws would be an example. There, the channels are not being regulated, nor the commerce itself. But the fact that children are being used to manufacture the commerce that ships interstate, provides Congress with the nexus and the authority to regulate.
I really don't want to go off on a tangent here. I don't see any connection to guns.
"Are you saying the first category (channels of commerce) can't reach intrastate activity?"
Well, since those are interstate channels of commerce, I'd have to say no.
But, if there is some nexus between the intrastate and interstate channels, where one is dependent upon the other, then yes. The Shreveport Rate Cases come to mind.