 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 to hear everybody. Welcome to another edition of the Access to Trader.com nightly wrap up show. Hope everybody is doing well. Hope everybody had a good day. A lot of really good individual value. Let's talk about significance and insignificance. So, NASDAQ composite today, despite COVID and the riots and unemployment and everything in the world, first time touches the magical 10,000 area. Is this relevant? It's cool, but it's kind of irrelevant. The Dow Jones despite the NASDAQ composite reaching the 10,000 level was down 300 points today. Is it important? Is it relevant? Not really relevant. The fact that the market went up 850 points last Friday and the beta names didn't participate was that relevant? Probably not, right? Probably not. And again, the moral of the story is everything is a conversational piece. Anything to do with the market is strictly water cooler talk. The index is again for years I've been saying completely irrelevant. All mental areas, all specific areas of the market celebrates. That's cool. That's great. That's something for the newspapers to cover and CNBC to throw up their balloons. But again, at the end of the day, they're cool, but they're kind of insignificant to what you do. So for example, last Friday, I had one of my slowest days probably in the last 8 to 10 years, right? Did a couple of chops, nothing more, nothing less. Because again, I was waiting for my stocks, the names I trade every single day to kind of wake up. That was the discipline. That was the discipline. That was something that I feel very, very strong about that I say every single day, don't ever prostitute your money. Your money is your resource, right? Is your bargaining chips to getting more money, okay? So why would you put something out there that you're not going to have a really, really good chance to come in back? And you know, Monday rolled around, yesterday we had a lot of really good value. Today we rolled around and the money that was on the sidelines that weren't participating in that thousand point rally that we saw last Friday slowly but surely started building on Monday. You saw huge moves on Monday on BYND and Tesla, right? Huge moves. Just absolutely a few moves that car company, NKLOA, whatever the hell it was, some monster moves. Again, I started comparing yesterday kind of the whispers of what we saw during the dot com error in 99 and 2000. And today, again, another perfect example how there are names that they're definitely, you know, they're definitely some characteristics of all 20 years ago. You know, again, most of the last time you saw a $2 stock, you know, go to 30 bucks. Again, these are all little parts of what we were kind of exposed to during the internet craze. Nothing needs to matter. There is no fair value. Just kind of go with the flow. So the fact that we were down today on the Dow irrelevant, the fact that we hit 10,000 today on and as a composite, cool, but irrelevant. Again, what is more relevant is the aggressive action that we continue to see that again, most people when they say this market is irrational. That's called a crutch. That's called an excuse to kind of missing out of what we're seeing that people deem to be irrational. This is normal. Okay, this is normal. Fair value is normal. The way it gets to fair value is not normal. So if a stock goes up 28 days in a row, why is it overbought? Day 29, again, fair value is the four o'clock close. But again, a lot of people use the word over, you know, oversold over, overbought as kind of an excuse that, hey, you know what, I missed the rally. Okay, there has to be a reason, a rational reason why I missed it. It must be overbought. I didn't want to chase the rally. And again, you look back and this debt cat bounce, what started for two weeks is now from March and we're starting to get to the almost the second part of June. So it's a little bit more than that. We're all time highs, right? Now we're starting to open up even the governor of my state of New Jersey, who only two days ago said we're extending the 30 day home restriction to say, hey, you know what, we're going to start opening everything up. Yeah, you first, right? You first. You let me know how it happens, right? You let me know what happens. But again, the most important part, what I saw today was we continue to see number one incredible speculation money flow continues in the names, you know, again, anytime a $2 stock goes to 30, that's pretty big. Anytime you see two weeks worth of option flow come in, you know, on the big names, then, you know, the Tesla's of the world, they were coming in, you know, coming in nonstop when the stock was, you know, 850, 860. They were coming for the 900s, the 920s, 950s, the 1000s, right? The stock finally broke out yesterday. Good aggression. Good res date today. Same thing with BY&D. Amazon broke out today. We started seeing a lot of the money flow of the stocks were kind of going sideways. We talked about the last few days, they finally all woke up. So Amazon, again, big, big mover. Again, congratulations guys. We said there's a shot this thing gets to 2600, went to 2626 day. But again, the most important part is other names started to wake up. Good res date today for Tesla. Good res today for BY&D. Again, these are inside days. These are exactly what you want. If you are a believer in any stock in a longer term story, Apple continues to be very, very strong from its breakout from Friday session. Microsoft, again, you're seeing all these, you know, 200 coal buyers, short term expiration broke out a couple of days ago. You know, went as high as the 191. But again, you're starting to see the names that were quiet for about a week or so that finally woke up. And, you know, NVIDIA had a really good trade on NVIDIA today. Woke up above the 60 level exploded. That's literally one day away from testing 52 week highs. You saw Facebook that was literally dead in the water for like a week and a half. And we talked about this big level. Again, we'll talk about the individual pivots in a second. But you could see the stocks that were kind of going sideways and digesting and kind of playing possum. They're the ones that really got aggressive today. So you saw Facebook, you saw NVIDIA. And that's kind of what I, you know, what I really, really like going into tomorrow's session, even a name like Netflix. We'll talk about Netflix in a second. You know, you talk about literally has not done anything for a month, finally took out this whole range. Again, we'll show you the pivot in a second closed first close above this 331 area on supply and now look how much room you have to work with. So the market looks structurally good. I didn't like at some point during the day is towards the latter part around 230 or so. I started looking at the market and I go, you know what, there's something maybe underneath, you know, underneath the hood. That's, you know, I can't kind of put my finger on it. It's not nothing to do with the price action that I just got, you know, kind of like a bad feeling. You know, maybe it's something, maybe it's nothing, but I want to be a little bit more, I want to be a little bit more patient going into tomorrow's session. Okay. The fact that when you hit like kind of a mental area, like for example, we hit today the first time 10,000 and NASA composite, that tends to be from time to time. If you go back into history, when you hit kind of a magic barometer, like the first time I remember the doubt hit 10,000 hit 10 and sold off when it NASA could 5,000. It hit it and sold off. So again, it's not to the point of, you know, I'm saying, well, you know, we have to sell everything. You have to start looking to the downside tomorrow. It's just something that I want to be, I want to start the day tomorrow with a little bit more, a little bit more cautious stance, the strong names that I obviously like for tomorrow. I still will be watching them from the long side just because again, they did really reclaim, you know, major areas they especially in Netflix, right? So I'm going to talk about Netflix that hasn't done anything ever since it lost its 20 day support here. So you're talking about 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, today's day 13. So you're talking about two and a half weeks of doing nothing finally closed above supply. Like this is a name you want to watch, right? Facebook again, who broke out today, this is a name you want to watch. You want to watch these things, but names like for example, like Amazon and Apple and Microsoft who already had their runs, I kind of want to steer away from them. Like for example, I think Tesla probably still needs one more day of kind of playing possum, you know, getting the sellers comfortable, you know, perfect world that comes down here and kind of retest this rising five day. Same thing with BYND. I kind of want to see it based for the next couple of days, because I do believe based on just from the order flow that I'm seeing in the options market, you know, guys are still coming in with those 1,1100 calls weekly, for God's sake, for Tesla, I do believe towards Thursday, Friday, you're going to get another run, not only from Tesla, you're going to get a run from BYND as well. So we have to kind of, you know, reshift from the really big high flyers, the names just finally got out of supply today. I will be kind of cautious with everything else tomorrow. But again, you still want to give the bulls the benefit of doubt. I always have one eye open just to make sure there is no rug pull in the cards. That's the most important part. Again, you can't be naive every single day. You really have to be, you know, kind of focused and be wary of what potentially could happen. So let's talk about today, very aggressive, very, very aggressive session today. And let's talk about it, one by one, number one, first and foremost, all you guys who came in long, Amazon today, you know, Amazon broke out on that pivot yesterday, 2510 then confirmed the 252525 area. That was the big number. And you know, today it gapped up, okay, gapped up, got upgraded, got upgraded by Morgan Stanley with a $3,000 price target. We'll get to that in a second. So let's talk about the pivots one by one, AAXN 100 needs to build. Again, that's the old Taser. Here was AAXN. Again, it did the same thing that I think Tesla and BEYOND are doing, right? It had a big, big run, consolidated for two, three days, four days, and then it just exploded. It broke 100 when it's highest to almost 105, so big move on AAXN. DDOG, I wasn't watching. 77, 75, 78. I have no idea what it did. I just wasn't watching the stock. It looks like it went from 78 and a half, so it failed, didn't do anything. ZM, I really liked it and never got to this 12 area. It gapped up to 15 pre-market, but I was watching the macro daily chart. Here is definitely the move of the day on Amazon. It got upgraded pre-market by Morgan Stanley. I think it was like a $3,000 price target. 2532 needs to build, and Amazon just, it felt like it never had a downtick, didn't it? Right? It literally ran up today, almost 100 points. Just a phenomenal move. So here was the gap up, right? Here was the gap up right over here to 2531 and change, and it got above the 2532. It felt like it just didn't give a downtick all the way up to this 2626 high. It's almost 100 point move on Amazon today. Just an unbelievable move. Congratulations for what you guys have started buying it yesterday. Tesla gave a very quick, aggressive move. Again, a lot of times when you see a very, very big, exaggerated move, usually rest the next day, it will always give you one shot of going green. 947 rejected twice pre-market needs to build. Yesterday 950 stays highs, and you saw a very, very quick, aggressive move on Tesla. It went from that 947 area. It gave that 947 area. Here's the two channels right here, 947, 947, and put basically like a $7 candle kind of rolled over after that. But again, Tesla's just a phenomenal stock. BYND got to the 61 level, got rejected again. So nothing there. I still think the stock is going to go higher in the next couple of days. Google had a nice breakout today. 1450 needs to build. So here was Google. I said it had a shot to 1465. It actually went to 1467. So Google, again, nice move on Google there as well. Boeing got destroyed here. I think again, here's one of those scenarios that had too big of a run, too big, too fast, too soon. But hey, man, listen, stocks, you could trade channels. Again, you don't need to be sitting in a position. Here's 121.50, 121. If it builds below, it can flush. Again, obviously experienced traders only. Not every single trade is for everybody. So here is what we talked about. Google pre-market. It was right over here. So this whole 221 area and it flushed down all the way down to 213. I still think it has one more day of selling. So we're going to watch the downside channel tomorrow. So, you know, Boeing got hit right from the word go. Netflix, again, finally woke up here. Here are the two big levels. We talked about 425 and 429. 429 was macro needed to reclaim. So here is Netflix. Reclaimed is 25. Reclaimed is 25. And then it reclaimed to 29. You see all this whole channel here daily, right? 428.50, 428.50, 428.71. So it reclaimed 29 and went as high as 435. Obviously, I like it tomorrow. And if this thing starts going, all you options for traders start looking at this top channel here for measured potential. Big, big move there. Facebook went nuts today. Absolutely nuts. Again, it's the same thing as Amazon. Just didn't have a downtick. 233 needs to build. That was macro. Here is Facebook, right? Here is the whole channel here. Again, did nothing for like two weeks. Took out this 233 level, went as high as to almost 240. So big move on Facebook. Navidia, I traded as well. I forgot to put Navidia into the channel into the pivot field. There's just so much stuff going on. But we caught this thing. I caught this thing twice. That 460 was macro. It exploded. It went like 465. So Boeing destroyed. Boeing destroyed. Amazon huge. Facebook rocket. Again, I said here is 1465. Went to 1467. 429 just exploded. And this is the only piece of crap I lost money on today. So I got along this thing 396. I know I should have waited, but 396 was the macro high. I know we needed to close at this level here. So I bought a 396. I sold some in a 397. I just hated the way this damn thing traded. It went to 398. And then the balance, I sold down like two bucks. So this thing is just washing my hands with this thing. Just complete. Maybe it'll be different. Maybe it'll be different off the 400 level, but this thing traded like complete crap. Anyway, so here is Netflix exploding. Just incredible, incredible value today. Really big value. Peloton. Nice move on Peloton. We started seeing the 50 call buyers coming in for the June 26. 50 call buyers. 47 needs to build. Here is Peloton. I still like it. I still like it. Closed within 10, actually went to 48, but it closed within 20 cents of the highs. Just everything is exploding. Everything is going nuts. And that's the rotation back into tech. Here comes Amazon, blah, blah, blah. Here comes, here comes Netflix. Insane moves. Really, really insane move. And then we had one more pivot on the way up. NKLA 84 needs to build. The buyer came in for the July 110 calls. Obviously experienced traders only. So here was NKLA off the 84. And the reason why we say 84 is right here. You see this channel here, the sneaky channel. So it went from 84 and it popped all the way to 89. Obviously reverse course. And now it's going back to hell in a hand basket. But again, what's the difference? So that was good. Peloton was good. Again, $5 candle in the middle of the day. It's pretty good, right? It's pretty good. And here's again, here's where not to be spoken to again. So make a long story short again. The value is super every day, guys, especially if you trade beta. You just have to be patient for these things. I know a lot of you guys did incredibly well. I constantly get texts and emails after the close. So great job. Absolutely great job. Tomorrow's a new day. Again, I want to be a little bit more patient. I still like a lot of names, the Facebooks of the world, the Alibaba's of the world. So I like those names as well. So let's see what happens. Let's see what happens. But again, most important, stay calm, stay patient. You don't need to trade every single second of the day. And the most important thing is state and business. Guys, God bless. I'll see you as well. 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