 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 evening everybody. Welcome to another edition of the AccessToTrader.com weekend update show. Hope everybody is doing well. First and foremost, I want to really, really thank, I keep on getting this question five, six, seven times a week from random people. And they keep on asking, are options good with the PS60 theory? And if you think about that question, if you think about the stocks, especially that I trade, the high beta names, they provide the biggest average to range in the markets, right? Amazon, Tesla, Netflix, Facebook, Apple, Boeing, so forth and so on. So absolutely, I would say probably there's a 55, 45 split, one way or another in the webinar, options versus equity traders. I trade equity. But I want to thank, you know, I want to thank, we had an introductory, specifically an introductory to options trader trading via the PS60 theory. And I just want to thank, number one, Kenyon for hosting it, did a fantastic job, Alex and Kyler kind of backbone of the whole event. And I want to thank our panelists, Sam and Larry and Majae and Lizandro and Matthew taking time out. They all have different levels of experience trading options, different levels of their careers, different account sizes. But I want to thank them very, very much for sharing their time and experiences specifically trading options via the PS60 theory. It was a great event yesterday. I pretty much sat back, relaxed, took down a lot of notes. I think in trading, once you start getting complacent and once you start believing that you can just get by on your past performance or years in this business, this is when you start losing your edge. And it's very, very important. I think that not only that myself got a little bit of a different perspective of what they talk about, but especially a lot of the newer traders who just started trading options via these pivots, they really got an understanding what they look for. Video should be out. We haven't figured out if we want to put it out on YouTube yet, but the video should be out the next day or so to everybody else, should give you guys a good amount of value, especially for you guys, first time traders of options. This is a very, very basic understanding of what these guys are thinking about when they're about to get a pivot, when they're about to look for an expanded measure potential range versus a narrower, casual range. Should you take the trade? Shouldn't you take the trade? Your position size and whatever the case may be. So it was pretty cool. It was about two hours and it should be available next day or so. So thank you very, very much. Big winners this week, right? Big winners of this week was the flight crew of SpaceX. First time in 10 years, somebody went out of this world, right? Somebody went out of this world. It was delayed last week via weather and this week they finally, it was actually a really, really cool thing. I was watching it on Twitter. Very, very cool. It was a very proud moment just for society, but they were the big winners. Leaving Earth, man. There's nothing good here. There's really nothing good here. 2020 again, every single time you think, well, it couldn't get worse. This is the bottom. Well, no, it's not the bottom. As everybody saw in the last week or so, you know, basically a murder. I mean, basically a murder of a man by the police. And, you know, the ramifications was just enough is enough, right? Just tremendous, aggressive protesting. Some peaceful. Okay. Some not. Okay. That's the best way I could say it. And it's just a sad, you know, just it's a sad day for kind of mankind that, you know, that we live in a world that is so, so aggressive, man. It just, I think that's the best way of saying without, you know, without putting, you know, going into details. It's just a sad world. And I think, again, the only thing you can do is just pray. I mean, that's it. Just pray and have faith in, you know, human beings. But, you know, again, we, you know, this is why I don't watch the news. I started watching it this weekend. It's just, just absolutely terrible. So hopefully, say, I mean, the only thing to do is just say a prayer for humanity. That's it. Say a prayer for humanity. And hopefully, you know, God will, you know, will help us out, right? Just like the way he or she, depending who we believe God is, or it or whatever case it is. But more important, just again, just try to love each other, man. You know, there's incredible amount of injustice in this world. And we saw this, but, you know, robbing the Louis Vuitton, you know, kicking in the doors of Christian Dior. Is that really the best way, you know, to rectify things? You know, whatever. So it is what it is. So let's talk about the markets. Big winners, again, are the bulls. Okay. You saw from the trading aspect of this week that even though the market put up a phenomenal number on the scoreboard, you saw a 3% rise in the S&P 500, you see nearly a 4% rise in the Dow Jones. If you look at the actual value of the market, especially from the technology side or the beta side, the value was actually to the downside pretty much every single day. No matter how strong the market was, we saw a lot of really good solid days to the downside, especially that day. I think it was Tuesday into Wednesday that we talked about that was, I was 100% sell by. So we had that really, really aggressive move to the downside, which turned out to be a very, very good day. But again, if you look at the scoreboard and see exactly what the market did this week is phenomenal. Again, if you go by the numbers, just sheer numbers, 40 million unemployment, COVID is almost like taking a backseat to actually what's going on and protests of what we've seen the last several days. But if you look where we are, the S&P on the March lows was $21.91. Again, if you told me, we are pretty much in June 1st and we're over the 200-day moving average, which is a huge technical level that the bulls reclaimed and now we're looking to start filling in this channel up to the 3200 area, it's absolutely remarkable. And again, it's very, very tough to make a bear case. Again, the whole, as we lovingly joke around, the whole George Vestanze market, it doesn't make sense. It doesn't make sense. That's why, again, I'm not trying to predict the market what's going to happen three days from now. I'm just literally taking day by day, the day's close, the day's sentiment, the day's technical area of who has control of supply and demand, and making a kind of a judgment call for the next day. And that's it. And again, you cannot afford, you cannot really afford to put yourself in a position that you are betting a month out. The market is so uncertain right now in both sides, both sides with all the macro news and all the political news and all obviously the protests and COVID and everything else. You can't afford to believe that you can potentially predict what's going to happen a week from now. I'm literally going day by day. I mean, if you asked me at 245, I logged off around a quarter to three yesterday. And if you asked me what I thought was going to happen Monday based on what we saw on Friday's action, very, very stale market, you had beta not participating, testing the bottom of the range as the whole day. And I said to myself, well, gun to my head, Monday, we're going to start going lower. And then Trump came on, right? Trump came on talking about China still on. Again, nothing really materialistically has changed between two and a half years ago and what we are right now based China. It's all basically on the next headline, right? We're only as good as the next headline. And the Dow came back from a 250 point deficit. The NASDAQ 100 rallied, the composite rallied 120 points. And we literally went from, hey, Amazon is a short from Monday. Tesla is a short from Monday. Netflix is a short from Monday. Never rally, right? Alibaba. Oh my God, this China news is going to hit Alibaba. That's going to be a confirmation from Monday. And you look up, you look up 45 minutes later and we literally went from septic tank, right? To swimming and gold. And that's where the bulls came in. And this is where the bulls did a fantastic job. So if you look at the individual closes, right? We had Amazon literally, you know, literally a day away from confirming this downside channel to start retesting this bottom channel to reclaiming the five day moving average. Incredibly bullish. Netflix that couldn't rally for 85, 90% of the days yesterday is literally one day away from reclaiming the five day moving average. You had Tesla that's gotten rejected for the last month, literally for the last month that kept on getting rejected over and over and over again into supply. Wake up and reclaim this whole channel here. And you can go on from, you know, many of these stocks. So the bulls did a fantastic job. I think the cues not out of the woods just yet, but I think the cues are a day away to kind of reclaiming this linear regression line and start moving higher. And again, the world is literally collapsing around us. The astronauts right now there are in SpaceX in space doing God knows. But again, they are in a much better place than society is and hopefully everything will fix itself. So solid week, no complaints, really, really solid week, very aggressive, especially to the downside. Friday after three o'clock showed the most aggressive channel in the whole week. Despite putting up a very, very impressive number on the scoreboard for the week. Again, nearly 4% move in the Dow Jones, 3% plus in the S&P 500 and a little bit less than 2% on the cues. But again, the NASDAQ, that last jolt of the day, basically Friday, put up its scoreboard in total for the week. So I think going into this week, again, one day at a time, based on technical analysis. Again, I'm not smart enough to figure out what the hell is going to happen on Tuesday. It's really amazing. Again, you can have a sense, have an opinion again, the fact that the S&P will use the spies as kind of a barometer here. But the fact the longer the S&P 500 stays and builds above the 200-day moving average, the higher probability. Again, we go to this 319 or 3190, 3200 level on the S&P. So no complaints, right? No complaints. Friday again, again, just taking it pivot by pivot, trade by trade. A lot of the day was very, very stuck in the mud. But again, this is why patience is an incredibly important level, important, important area of the market. I believe that a lot of traders use the word patience is kind of like an afterthought. They use the word, but they really don't practice it. But again, Friday did prove just like every other day proves. If you've been trading for a long, long time, let the game come to you. You don't need to chase the game. Let the game come to you. It's all about patience. It's all about believing that value is much more important than any individual trade. And the most important part is, again, stay in the game until Moses parts the Red Sea and then you go through. So you can see kind of the thought process I had for Friday morning. The only long that I really liked was Roku. I mean, everything else, excuse me, there was actually ZS and ZM as well. But Roku initially was the only long I liked. If you look at every single pivot initially, I liked everything to the downside because everything materialistically was telling us that market can't rally. The market is not rallying. Every time we do rally, we get stuffed into the spot, especially in the technology names, and then they get stuffed and they go low. And that was kind of the mantra on this short week that we saw every single day. And that's why I kept on saying the value is constantly to the downside. Again, market turns on a dime. You can't stay painted into a corner and you have to kind of adjust. So let's talk about the pivots from Friday. 1-11 needs to build on Roku. Here is the pivot on Roku. So here is the 1-11. Excuse me, let me show you the 60-minute chart. So here is the 1-11 right here. So here is the whole area. 10-84 was the high here. 1-11 is the high here. So again, it got above the 11 area. Again, not a big move. That's the whole point. Not a big move. It went up a buck in change and then everything else started selling off. Obviously Roku is not going to be any different than anything else. So again, this is why you always, when you're putting on a position, especially when you're trading pivots, you know the volumes are going to come in. Because again, these are the arbitrary areas that have been the darling of the algorithms. That's why you're able to get such a fast move in such a short period of time. Because that's where the volumes should kick in. So Roku, you know, went up a dollar. Again, always take profits on every single trade scale on the way out. Obviously once you get cash flow, whether you're trading options, whether you're trading equity, always use break even as your stop. Again, safety first and obviously it's sold off right after that. It actually went down all the way down to 107 from 112. So you can see how aggressive some of these pulls were. Netflix, again, you know, here is an area I was watching 410 if it builds below it can flush. Obviously never got there. But again, I was watching for that flush. Amazon, if it builds below 2377, it can flush. And again, it felt like it was about to do that for a 90% of the day. Obviously you don't anticipate you wait for confirmation. Never did that. I was watching for beyond to the downside as well, 120, 116 levels. Downside, never confirmed. Alibaba, if it builds below it can flush. It got literally right to that area, trade right to 9670, obviously, you know, put into double bottom and then rally again. Shop, again, was waiting for the downside, obviously never got there. Boeing did flush. Okay, Boeing did flush here. If all you guys who did catch the trade, it was too fast for me, I blinked that I missed the trade. Boeing 14685, if it builds below, can flush. So here is Boeing pre-market. Right, so we talked about this whole area here, this 147 area here. And it put in a low here of 14685. And I said, you know, look, this is the area. If it builds below, can flush and, you know, got destroyed. You know, got really, really hit hard. Really, really hit hard. It went all the way down to the 143 area. If you did catch a good job, I missed it. It was just way too fast for me and I just didn't want to chase. I didn't want to chase it down. ZS was a really, really strong move. You started seeing pretty, you know, first of all, we started seeing the 80 weekly call buyers from Thursday into Friday. And they got it right. They definitely got it right. It gapped up 9150, 92 and needs to build for a possible move to 96. This was actually a really big move. So here was the 9150, 92 and the stock exploded when all the way to the 98 area. We saw a bunch of 100 calls coming in for this week's upcoming up weekly. So big, big strong move on ZS. I didn't watch VMware. I totally forgot about it. 156 rejected twice needs to build. So this is the first time I'm actually watching. I have no idea what this thing did. 156, it looks like it went to 157. I just, I wasn't even paying attention to this thing. ZM was a nice move. Again, 169, 75, 170 needs to build. So here was 169, 170, right? 169, 170 and just exploded. Just absolutely exploded. Huge move here. Took out the 52 week highs after the close. So monster, monster move. I traded up to the 180s after hours. Big move on ZM. Again, exploded. Just always take money on the way up. You just don't know, you just don't know when stocks are going to, stocks are going to stop. So always take money along the way. So ZS exploding, ZM exploding. Tulo, 199. You know, I still like this area here. It's getting very, very tight. It didn't trigger on Friday, but you can see how tight this whole range here on Tulo. So I still like it. I still still like it. And then I said, you know, and everything kind of stopped, right? After that, everything kind of stopped. And I said, Hey, look, let's just sit tight. You know, sit tight. Everything's in the middle of the ranges. It's Friday. Solid action all week. Again, you don't need to recreate the wheel. We trade because we need value, not because the market's open. And, you know, then I started putting in, you know, the stock that again, again, is there anything better to say about the stock? So Tesla, again, we talked about in nausea, this 835 level, macro level. But I said, look, here's the sneaky area. 822, 823, sneaky, 825, yesterday's highs. Did I think it was going to test 835 on Friday? I absolutely did not. Okay. I did not. But hey, again, this is why it's the best stock ever. So here was Tesla. I flipped it earlier in the day on the really, really sneaky, sneaky pivot from 818 to 820. But I did not anticipate an 835 move. So when this whole range kicked in, right? This whole range here kicked in. 822, 823, here's the 825. Here was the 835, this month worth of range. Okay. And the stock absolutely exploded after the close when, you know, it was highest to 843. And now, and I said this is obviously joking around. I said, unless there is an arrest for Elon Musk for a triple homicide over the weekend. Again, if you believe in the theory of stocks trade from supply to supply and demand to demand. Again, I know a lot of you guys are long this thing over the weekend. Again, we should test 860. Okay. We should test 860. We started seeing some 900 buyers come in, some 920 buyers, obviously some aggressive 1,000 buyers come in as well. But again, got to watch this thing, opening range highs tomorrow. If you're not long for a possible initial push to this 850, 860 level. So again, it looks really, really good. If there's a down opening, there's a down opening that this is 100 star buy at the rising 60 minutes support if it gets there. But other than that, I'm very, very bullish on Tesla. So big, big move. Huge, huge move on Tesla. I know a lot of you guys caught this thing really, really well. So great job there. Yeah. So again, 825 has to reclaim. The stock just exploded from 825. It ran up 10 points into the close. And then what are you going to say? 835? Tesla, right? Tesla. Again, I know some of you guys caught some ridiculous, I mean, my man caught 735% move on his Tesla calls in the last candle. And I say this jokingly. When is 200% not enough? When is 500% not enough? All jokes aside, congratulations. So I got a lot of emails, a lot of text messages, a lot of people caught Tesla into that last channel very, very aggressively. And that's it. And that's it. So a crazy, crazy way to end the week. And just like that, like the Drake record says, the market went from 0 to 100 real quick. So going into this week, again, you have to give the bulls the benefit of the doubt. Spies, again, over the 200-day moving average. Super bullish. The diamonds, again, not there just yet, but very, very close to reclaiming the 200-day. The Qs, Qs just one more day. We need to reclaim this linear regression line right here around the 2, 33 and a half on the close. So that's very, very bullish. And now, you start looking at all these different stocks that look like death. Now they just need to reclaim the five-day. If you guys remember, they're in the middle of the week to the early part of the week. I was shorting all these stocks and all these setups below the five-day moving average, right? So if they're breaking below the five-day, they're going to go lower. So again, look at beyond, right? If it confirms the five-day, it should go higher. If Amazon confirms the five-day, it should go higher. If Netflix confirms the five-day, it should go higher. And on, and on, and on, and on. So guys, please love each other, man. We only have one life. I promise you there is no do-over. We have to live in a world that we coexist. It's not about race. It's not about economic status. It's just about being a human being. That's it, man. Just love each other. I mean, it's not so hard to really understand that concept. I know we have some work to do as a society, as human beings, but we need to set an example for our children, man. Again, people are not born with hate in their hearts. They're taught that. These are just the facts. So please love each other. Please love yourself. And may God bless you all. Have a great, great remainder of your Sunday, guys. And I'll see you on the field tomorrow. Congratulations for putting in the time to take control of your trading. You're one step closer to owning your future and achieving the success you desire. Want daily trade ideas directly from Dan? Straight off his personal watch list? Unlock our free PS60 vault, where you'll get nightly updates on pivot opportunities we're watching for the next day's session. Click the link in the description to get started today.