 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 morning everybody. Welcome to another edition of theaccesetrader.com weekend update show. Hope everybody is doing well. As everybody knows, we had a very shortened holiday weekend, well week turkey day. Hope everybody had an amazing Thanksgiving. Again, it's all about hanging out, spending time, family, friends, loved ones, anybody who is important in your life. As always, I want to thank everybody for their continued support of this channel. If you haven't done so already, please click a like and if you haven't done so already as well, subscribe to the channel so you can continuously get notifications when we are uploaded. So hopefully everybody is doing great, great start to the weekend, the great start to the holiday festivities. And the most important part is where we are as far as the market goes. And if you guys remember last year, going towards the end of the year, traditionally, right? This is a traditional kind of statement. Traditionally, this type of year, this time of year for the equity markets is usually very, very good. Again, we have this whole Thanksgiving rally going into the Santa Claus rally and going to the January effect. And traditionally, that's the air quotes. Traditionally, the market has done very, very well at this time of year. But if you guys remember last year, the word tradition doesn't mean it has to be. And last year, we had a pretty negative end towards the year with equity prices. And you know, pretty much throughout this year, I would say, you know, eight, nine months of this year has been sell side buys. It's been kind of obvious with pockets of strength temporarily reclaiming back the 50 day moving average and going on, you know, pretty decent tradeable rallies for the short term. And you can see this several times throughout the year. Let me just kind of make this smaller. You saw this little small rally here above the 50 day only to give it up. You had this another pretty decent rally here. Where's the last one? Last one was right here. Last one. The second last one was right here. We reclaimed the 50 day had a month and a half run. And now we are here. Now we are here for, you know, about a month, right? One, two, three, four, five, six, seven, eight, nine, 10, 11, right? So you're talking about, you know, two, two weeks and change above the 50 day moving average. And we are building, right? We're building to go higher. And if you guys watched the video on Tuesday, right? Wednesday was no video. Thursday was obviously Thanksgiving, so we're off. So this is, I think the second, third video of the week. But if you guys remember the video on Tuesday, we talked about the importance of all the major indexes getting above the five day and slash 10 day moving average because it kind of ended the distribution, right? We had a 10% run on CPI. It came in three, four, five days. And then on Tuesday, we finally reclaimed the five day moving average. And then on Wednesday, we had that really good follow through. And we could see that on all the indexes. We talked about the cues. We talked about the spies, right? The spies reclaimed this whole channel here, had this really nice three day run. If you look at the IWM, kind of the same thing, right? The IWM is building above this five day moving average three days in a row. And last but not least is the Dow Jones industrial average, who's just been in its own world and keep, again, keep this in mind. You know, the data for the Dow Jones is a little bit skewed because again, there's only 30 stocks. And all it takes is one stock to be strong, like really one stock to be strong and everything else can kind of the flat line. And you saw that with Boeing, right? Boeing, and again, this is just one of them, but Boeing had a really nice move outside of this consolidation channel. And again, a nice really pivot, probably the only pivot in the room on Friday on Friday. And now it's kind of looking at all time highs again. We'll get to some individual names I'm kind of watching from Monday's session. But the most important part is exactly what happens next. So let's kind of revert back to the cues. So we see here, and this is all baby steps. And this is kind of the whole point of technical analysis. Everything is a piece of the puzzle, right? There's no predicting. There's no guessing. Everybody asked me, hey, Dan, what do you think about the market going into next year? I couldn't tell you, right? We're just trying to prepare for the next day, right? So if the next day's technical is confirmed to previous day's channel, we know that's a good. We know our research is building upon the previous day. And if the next day's research fails our research and starts taking out multiple days of bottom channels, then we know, hey, wait a minute, there's something wrong. You have to kind of revert back to the sell side bias, maybe not through for all time lows, but kind of as a tradeable move. And that's exactly what we saw here going back the last couple of weeks. All we did was take a van to the bottom channels, and you can see here how cool technical analysis is. Nothing is random, right? Stocks usually stop at areas of a reflection point of interest. And that's exactly what happened here. On the move up, the queue stopped into daily supply. On the move down, they held it three times, right? They held three times on this channel here to kind of finally save it and kind of start reclaiming channels back. So going into next week, we have to give the bulls the benefit of doubt. I think everybody can agree to that. The last couple of days, we saw really, really big moves in all the major tech players, or at least the majority of them, now that we're kind of going a little bit sideways, especially Friday's session, it was pretty much expected. I would say 95% of all the people that I know did not trade on Friday. And then you pretty much saw the action outside of Boeing. You pretty much saw the action of everything else. Everything else literally went sideways, right? If you could go through a whole bunch of charts, and you see the 60 minute view on a whole bunch of charts, here's the chart of the spies, one sideways. Here's a chart of Amazon, right? One sideways. Here's a chart of Microsoft, right? One sideways. And so forth and so on. The video that had a great two-day run, kind of one sideways. So it's very, very tough to make a determination, something materialistically has changed from Friday's session based on the last couple of days of rallying above the 5, 10 day moving average. But that's a good thing, right? That's a good thing. You don't want materialistic change, especially on days that the market is lacking of market participants. And that's exactly what you saw on Friday. So now that we know what happened, right? Now we know what happened the last couple of days. Now we are concentrating of what we need to see for higher prices and what we need to see at just the least be prepared for just in case the market doesn't do so. So we're always protected on both sides of the channel and we're always protected to both the top and the bottom so we are not caught with our pants below our ankles. So let's talk about the levels right here, right? So this is the last hurdle, okay? This is going to be the last hurdle for the Qs until we start attacking the CPI highs, right? If you notice here, the high here on 11.16 was 289.48, right? The high here, right? The high here on the 23rd, only two days ago, was 29.46. So you get it, right? Again, stocks really rarely stop at random prices. The high here was 289.48. The high here was 249.46. So you guessed it, the bulls need to reclaim on the Qs. If we could start reclaiming, you know, the 289.50, 289.80 level, and you can see here this is a supply here on the daily chart. If the Qs can start building or at least have a close above 289.50, I think there's a shot here we start rallying to this 293 high from the CPI area because again, the whole theory, the whole point of the PS60 theory is stocks trade from supply to supply and demand to demand. So this is the last supply, right? Here's the last supply. And if we can get above this 289.50, 289.80 area above supply, then we should get to the next supply roughly around the 293 area. So very, very important. The one thing we do have to look for on the downside, just in case, right? Again, we have to be prepared for both sides of the market. Just in case we lose back the five-day because the market reclaimed the five-day to rally, so we know whoever has control of the five days will be super-duper important. So we know 289.50 to the upside needs to be confirmed. And now we're watching that 285.79 level, which is the low from two days ago that correlates both the five and the 10. So if we got above the five and 10, that's bullish. Well, giving up the five and the 10 will be bearish. So again, 289.50 to the upside, and we have 285.79 to the downside. Any close above those levels are deemed to be bullish or bearish in that direction. So please, you know, be wary of those numbers and set alerts for them. For the SPYs, right? Beautiful breakout here. Above this 297.80 level, it took out the CPI number, which is very, very important, which is super-duper important. So what has to happen is, if you guys notice, the SPY stopped shy of 403 twice back to back days. Everybody see that? Right, 402.93 was a high from Wednesday. 402.91 was a high from yesterday from Friday. So the bulls need to reclaim 403 on the SPYs. And I think if that happens, we can get a move into this 405 level, which is the 200-day moving average. Same thing on the downside, we have to be wary. And so if we close, if we give back this channel here, right, and this is how much, how bullish this market is, because now we are literally $5 away from the channel breakout from a couple of days ago, which is super-duper bullish. So we have to, you know, be kind of acknowledged this area here. Somehow the bears kind of take over again, which again, you know, anything is possible. And any close below 97.70 on the SPYs, that seems to be bearish. So we got 403 to the upside, 397.70 to the downside. Again, settlers be prepared. No trader should ever, ever come into the market less than 110% prepared or know their critical mass areas for organic movements in that direction. If you're doing so, you're trading half-ass. Again, I've always maintained the idea. You don't need to be a full-time trader to put in the full-time effort. If you're not putting in the full-time effort, you're winging it, okay? There's no room for error in this business. You have to be 110% really technically proficient and understand what the probability of your side of the market extending. If you're just coming in and all you're doing is looking at the hot stock of the day, you're way behind the eight-ball. You're not doing your job. You're trying to wing it. You're trying to make yourself believe that you don't need to put in the full-time effort, even though you are a part-time trader. So again, always look at charts. Always, you know, always read news. Always be aware of what's going on. You don't have to be fine-lined through a comb going through every single headline. But understand where the market is before the day starts. Again, the market doesn't start. Your day doesn't start on Monday morning at 9.30. Your day starts on the weekend, putting in the works, looking at it really charts and seeing how much room you have the next-to-next measure potential. How much room you have until a potential back test happens. You have to be prepared. If you're not, you're going to get eaten a lot. And I've witnessed that firsthand. For the first 10, 12 years of my career, eventually I got very, very lazy. I felt, you know, I could just wake up at 9.30 in the morning, and my natural talent in 10, 12 years of experience is going to get me through the day. Maybe you could. Maybe you couldn't. But I know I didn't optimize the results. Now, almost 24 years later, I do this every single day religiously. I'm constantly looking at charts. I'm making sure that there's nothing that I'm looking at is going to surprise me. So I'm aware of both sides of the market. So if one of those channels decides to kind of bow face and move into the opposite direction, I'm the least prepared for it. And again, it's something that you have to carry through your whole investment career, your whole trading career. And if you don't, unfortunately, the statistics show you're not going to be around long time. So we kind of know our numbers on the cues. We know our numbers on the spies. Let's look at the Russell really, really quickly. Again, kind of a mirror image of the spies a little bit, you know, a little bit more tighter. You're not going to get the same amount of range. But you can see here a nice, you know, nice distribution here in the bottom of the range held. We close now two days in a row above the next supply zone. The key for the key for the IWM is start reclaiming this 18650 back to the upside. And the key to the downside is watch this level that it reclaimed five day moving average, to 18350s level back to the downside, or at least a shorter term potential of a back test. So we are definitely ready for the market on both sides of the coin. So let's talk about some individual stocks that I'm definitely watching for this week. Microsoft Gorgeous Gorgeous Breakout is sitting here above this channel here. Any close now, any close above Friday's high, this, you know, starts building above Friday's channel. You can see this 250-251 test, and if it starts gaining traction like the rest of the market, I think we can see it move upwards to the 253-257 level. Again, contingent upon if the market continues to push higher. You look at a name like NVIDIA, Gorgeous Gorgeous Breakout here at the bottom of the channel here. Again, reclaimed the 510-day moving average and traded all the way back up to the supply zone against mirroring the NASDAQ pretty well. If they could start building above Thursday's levels, I think there's a shot we get all the way back to the CPI highs of 170, it looks incredible. Looks really, really good. A name like ISRG, it looks wonderful, right? Came out with really great earnings. Look how tight this distribution is. You're talking about 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, right? You got two weeks, two weeks plus worth of distribution. If it starts attacking the earnings highs, you have a next measure channel going all the way to 275. And hey, look at Boeing, right? Boeing was a beautiful, beautiful move. Friday, this is literally the only stock that moved. At least on my radar. Only stock that moved on Friday finally got above the 75-20. You can see here how many times it failed 75-20. 1, 2, 3, 4, right? You have a whole week of failing 75-20. Friday, it finally got above the 75-20, closed within a dollar of its CPI as high. Hey, this thing starts confirming the CPI as high. We did see some 190 calls start coming in for short-term expiration. You can see here that is your measure potential on the daily chart as well. So that looks good as well. Tesla, you know, Tesla, you know, had a really, really interesting move the last couple of days. So Friday or actually Wednesday finally woke up, traded to the 10-day moving average. And that's where it got rejected on Friday's action. Unusually what we saw, considering the stock didn't sell off and kind of just sat there going through distribution from the day before, the interesting thing about what I saw on Tesla was it was very rare to see any type of aggressive coal are put buying on Friday because there's nobody around. In the morning, they were coming for a lot of 180 weeklies with some size. Obviously, those contracts have been expired, but I found it very, very odd that Friday, of all things that was getting any institutional flow, you can see, you know, not seven, but six mid-six figure bets on Friday's expiration, which obviously expired by now. For Tesla to get going, right? Now, I want to give it just because the market is strong and, hell, I love Tesla. I want to see it get above this channel here. You see this whole channel here that started on November 17th, right? If they could just get above this channel here at 11.17, I think there's a shot here we could get 94.95 for the trade. But I want to see, I'd like to see, especially Monday, I want to see how it handles its first dip in the futures. I want to see if they could trap shorts on the rising 60-minute support. Other than that, all the other channels look pretty much the same. We kind of digested the move from Tuesday and Wednesday. Obviously, Thursday we will close for Thanksgiving. And the most important part going into Monday's session is let's see the indexes advance. If they could start advances on the numbers that we just displayed, I think there's a shot we can continue this rally and maybe finally get that Santa Claus rally. There is traditionally, but just remember, nothing is set in stone. Again, we're not trying to forecast what's going to happen to weeks from now or three months from now. All we're trying to do is take it day by day, trade by trade, and we're looking to switch based on technical confirmation the other way, not because we want it, right? Always remember, trade the market you have, not the market you want. So guys, God bless everybody. Hope everybody stays well. Hope everybody had an incredible start to their holiday weekend. Remember, love yourself, right? You know, you love your family, you love your kids, but remember, it's only one you, right? Be a better friend to yourself. Do something nice for yourself. As much as we try to be the greatest father, husband, dogfather, right? As possible, friend, it's all about us. Sometimes we need to treat us a little bit better as well. Guys, God bless, stay blessed, and God's help. I'll see you all on Monday. Take care.