 So it's amazing to even think right now, right? Just to even think about it, wrap your head around. How could the SMHs be up over 20% in the video community channel? That's my model. 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 theaxisotrader.com weekend update show. Hope everybody is doing well. Hope everybody's having a good start to the weekend, raining outside here in New Jersey. Yeah, again, we're living in a COVID world. You throw in some winter behind it. You throw in some rain. You gotta stay, try to stay very mentally tough because again, life is always trying to try to try you. You're going to be put into a lot of adverse situations, both trading, your personal life. You gotta be mentally strong. You gotta keep that mind working. You have to kind of take yourself always to that happy place because again, mental health is incredibly important. And just like myself and everybody else, nobody's immune to tough mental times. You feel like you're sitting there and your walls are closing in and there's just like, there's no area that you can see some goodness, some light at the end of the tunnel. But again, there always is and it's easier said than done, but we really have to be kind of better friends to ourselves, kind of put ourselves in a situation that we're trying to keep ourselves active. We're trying to keep ourselves happy. Always think of the good thoughts, right? Don't dwell on the small things in life that when they compound don't become small anymore. All of a sudden become big. And again, it's a very, very tough time, especially towards the holidays for a lot of people. But again, just know somebody out there always loves you, always remember that. You never alone. Things are never as worse as you think they are. You always have somebody in your side, whether you realize it or not. That can help you and that's both in your personal life and in your trading life as well. So keep the faith, especially if you're a new trader and this is your first year. And again, you see the stock market going absolutely nuts and you see a lot of people doing well. But just remember they're doing this for a very, very long time. This is a very, very majestic market, very exaggerated. Again, like we say all the time, it's gonna end one day, right? This big exaggerated run. But again, right now, let's try to enjoy it as much as possible. But just always have in your mind, okay? That this is going to be something that you will remember and take really full appreciation for when things start slowing down and you start seeing channels contract. So maybe that $15 stock that you buy won't go to $17 in 45 minutes. Maybe it'll go to $1550, but at least you'll be in control of your trading. And that market will start to really discipline you as a trader. But for now, you know, enjoy the ride, right? Enjoy the ride, market is incredibly aggressive. Right now, if you look at the scoreboard, it really doesn't really paint a picture how good the market is. Again, you could turn around and say, look, Nasdaq's up 2%, the Dow S&P up at 1% as well. But again, it doesn't matter. There's no fear. Even if we saw it, when we saw the back test coming, I think it was Wednesday or Thursday, on the Wednesday video, I said, nobody's even gonna notice the back test. And did anybody really even notice when the cues back tested back to the five day moving average? And that's kind of the whole point. That's kind of the good sign of how strong the market is. Again, right now, if you are a beta trader and there's nothing wrong with them individually, and if you've been watching kind of this broadcast, even for the last 30 days, you kind of know there's something wrong with the beta stocks. Amazon went on that one big run for two days and has pretty much given back pretty much all its gains. Facebook had that one big run out of the channel. If you guys remember on Monday and literally close below the channel, something's definitely wrong. The video, I've been literally scalping now for, you can see how the video has been going sideways now literally since November the 10th. I've been literally scalping this thing off ranges. But again, if you watch like every video, I'm saying to myself, how can this thing still not erupt with all these stocks kind of rotating into a big move? And again, look at the long distribution in the video. And I'm still sitting there every day saying, maybe today's the day, maybe today's the day, maybe today's the day. Still waiting. Apple had that one big run, right? Had that one big run. It's doing a really good job of distribution. But you'd figure with, again, such strength in the market. Apple would just be just really putting in a stairway to heaven. So a lot of wrong things are going on in Betaline, which is very, very odd. Zoom, again, you can make an argument, Zoom is down again, reason. Well, number one, earnings were baked in. Everybody knew they were gonna come out with great earnings. They got a 480% rise year over year in revenue or profits from businesses with 10 employees or more. But everybody knew that. I mean, this was, again, the biggest beneficiary of the whole stay-in-home movement. This wasn't really a shock. The question was what was gonna happen next. And now that the vaccines are rolling out slowly, which surely the people are gonna start taking them. The question is, what can the stock do next? What can the company do next to kind of innovate itself, to take itself higher? Does it go away? Absolutely not. I know pretty much everybody knows somebody who uses Zoom. I use Zoom. It's a phenomenal product. But again, is it, where's the next innovation? Where's the next play on potential? So that's very, very important. And Netflix, again, like another perfect example on Beta, that, again, it looks like it's about to go, right? It wants to go. It feels like a go. You're starting to get a lot of option flow on the name. We had that big, big channel confirmation on Tuesday and did nothing for the rest of the time. Again, you can make a decision and say, well, the stock is just resting. Yeah, that's the whole point. They're resting. They had that big initial movement and they're resting. So again, does it need to take out this channel? Absolutely. But again, it's playing the same way as a lot of names. Everybody and their mother is waiting on Tesla. I think, again, does anybody not think it's gonna test the top of this channel here? It's just imminent. You can see every single day, bigger and bigger option flow come in. Every single time it comes in the bottom of the channel here, you can see. It hits the bottom of the channel. It's spikes. It's the bottom of the channel of spikes. So it's not the question of if it's gonna challenge this channel here, it's just when. And every single day, we're just waiting for that as well. So if you are trading on the beta side, you're getting good moves throughout the week, but you're getting them one at a time, like literally one trade at a time and then you're sitting there for two days later waiting for something else to pop. And again, that's the game. And unfortunately, if you kind of fix yourself on one group or one type of tribe, you're going to be shut out. Luckily, we're in the market right now that you can see the valuable rotation with the SPAC names and the EV names and the Dow stocks. I mean, look how great the Dow stocks have been acting. Boeing had a monster, monster pivot this week. Congratulations for you guys who caught it. We talked about this 223 pivot in nausea. I mean, look at them. Two-day move, went to 242, huge move. We talked about Marriott for several days. Marriott finally broke out above this 132 channel in Honeywell, right? If you guys have been watching this broadcast for the last week or so, we've been waiting for that 210 on Honeywell as well. So close to, I had almost a $3 move. So you could see the Dow stocks acting very, very well. You could see names non-beta acting very, very well. Names that I would never trade. I'm trading right now because again, it's very, very easy to sit here and just say, oh, what was us? You're not getting a full rotation to beta. But there's so many other names and we'll get into the individual pivots in a second that are doing so well. Again, are these stocks gonna be my focal point when beta goes full power mode? No, absolutely not. But for now, they're really good focus of subsidized income. They're really good, strong moves. You're getting a lot of aggressive, call-buying and non-traditional names. And again, you just have to roll with it. Like I said in a couple of videos, prior, again, you don't need to overthink right now. There's no materialistic reason the market needs to get destroyed. Again, will it one day? It's inevitable, okay? Every bull market ends. We've been talking about the caution sign playing devil's advocate all the time. Again, your money is not safe. Your money is just there and it's your job to keep it. So it's very, very important to acknowledge that every bull market will eventually end. But again, like I said a few minutes ago, let's enjoy the ride, be conscious of what potentially could happen and just don't overthink. The dips are still being bought. If you look at levels, the cues, until we start closing below the five-day moving average, you have to assume the market continues. And you can see here the last three times, right? We hit the five-day, we bounce. We hit the five-day, we bounce. We hit the five-day, we bounce. Again, until we close below the five-day moving average, you should have an opinion that we are still going higher. The IWM that rested for a week. We talked about the top of the channel here, 184.5 for a full week. And again, went higher. And diamonds finally took out that 301 level and it went higher. So macro-wise, we're good. Structurally, we're good. This is a really good stock picker's market. But again, you still have to be intelligent in your approach. You can't just buy a stock that's up 200% in two days. That's not the value. Again, in this type of environment, when I sat down initially Friday night to start looking at preliminary chart, I mean, every chart looked like a stairway to heaven. It's harder and harder every single day to find that base, to find that value of a stock sitting there in a six, seven, eight, two-week channel that's ready to come out. A lot of names in orbit. Luckily for the beta names, well, that's not them. So when you look at, for example, on the beta side, like a booking.com, I still don't understand the name. Why would you change the name from price line to booking? Every time I see the symbol, I think of Burger King. Am I the only one that sees BKNG and says Burger King? But you can see booking.com or price line, whatever the hell you wanna call it, this thing looks like it's come out to come out of a channel, right? So that looks good. You look at Las Vegas Sands, for example. Again, this is what we talk about trying to find value in a market that's a stairway to heaven. This looks good, right? Marriott broke out this week. Las Vegas Sands is sitting in a one, two, three, four, five, six, seven, eight, nine, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19-day distribution, right? It's almost a full month of trading. Once it comes out of the channel, it should go as well. So there's still value in the markets. That's 100%, but when you look at where the strength lies in the last month or so, look at the semiconductors. You're talking about a 20, 25% move just in the last month. So it's amazing to even think right now, right? Just to even think about it, wrap your head around. How could the SMHs be up over 20% and the video king came out of this channel? That's my model to me. It just doesn't even make sense. But again, we trade the market we have, not the market we want. Eventually, everything will wake up. So going into this week, how can you not continue to be bullish? But again, the job, your job right now is try to find the ones with the biggest value, try to find the ones that are not overextended. Like for example, like a Gilead, right? Everybody is forgot about Gilead. Gilead has done nothing for the last one. Since summertime, right? Gilead was gone from $79 all the way down to like 57. But look, this could be a value trade, right? It's just settling here, going sideways. You see the supply here that it's rejected several times. If it could just start reclaiming supply, then you do have a $3, $4 potential in a name like that. So again, your job right now is to find the value. Your job is not to buy a stock that has gone from $6 to $37 and trying to flip it for $0.50 on a $30 push. This just doesn't make sense. That's the hard part of this market. That's where the grown up trader, the more experienced trader is going to have a bigger problem finding that kind of diamond in a rough when everything is already absolutely going nuts. But again, that's the game we play. And for me, the joy, any type of satisfaction from this business is not from the monetary side. It's like a puzzle, right? I've been saying this all the time. It's the research side. It's almost like a game that you're trying to find that next great one, the next big hit. And for me, it's all about seeing where I can find that value and where I can take advantage that nobody's even looking at. So names like a Las Vegas Sands I'll be watching. Names like a booking.com I'll be watching. Name like Gilead I'll be watching. Even a stock like Paychex, right? Look at Paychex as well. Again, not a traditional name, but I would look at it. But again, look at the long distribution. So there's still value out there, okay? Despite the runaway training the market has had. But the point is, again, we have to be disciplined enough to wait for these things to play out. And the most important part is, again, when they're there, again, take advantage of the market scenario. We are very, very strong. And these things have a high probability to continue. So let's talk about Friday's session. Overall week has been really good. Really, really good. Thursday from now till the end of the year, by the time Thursday rolls around, if all you guys who are not in live webinar, I'm literally trading and speaking and broadcasting for the whole day. So I'm speaking seven hours a day. I mean, it's just incredibly mentally tough. So by the time like Thursday afternoon rolls around, I'm a vexel, I'm exhausted. So Thursday night for the next three weeks until the new year, I'm gonna take Thursday nights off of not recording the video because again, I'd rather be mentally ready for Friday's session just than be completely burnt out. Again, especially materialistic, nothing has changed in the markets for me to come out on Thursday night saying the market continues to be good. Yeah, we get it. The market's pretty good. So again, this is kind of my point of being a better friend to yourself. Learn to take some downtime to kind of recharge the batteries because again, in this COVID world, we really have to be creative to kind of be a better friend to ourselves. So kind of going forward for the next three weeks, I'm just gonna take Thursday night off. So let's talk about, let's talk Friday's session really aggressive. I think that's the best way of saying it. Congratulations, you guys. I got tons of emails in the last 12 hours or so. Great, I mean, listen, the market's good. I mean, what are you gonna say? The market's really good. If you've been trading for a long time, you kind of really appreciate how good it is. And yes, even I have to admit right now, we're there with the internet craze. We really are. If it's not as good as the internet craze, it's pretty damn close. And that's really saying a lot. So let's talk about Friday's session pretty orderly, very aggressive. Let's take it one by one. I really like this GBT short. It hasn't confirmed yet. So 43, 50, 43, if it builds below can flush. So look at this chart on GBT guys and keep an eye on this thing for this week. So this stock is in a dead-down trend, right? It gap down. I forgot what this news is. It doesn't really matter. So it rallied back and it got rejected off the supply. You see how many times it's kind of holding on this 10-day moving average, right? If this 10-day moving average snaps and it closed below, guys, look how much room this thing has. It stopped rallying. As the market's going higher, it completely stopped rallying. If this thing could just close below this rising demand, guys, look how much room you have. So I really like this thing for this week, assuming it confirms. Honeywell, again, if you've been watching this broadcast for the last week, 210 continues to be a big spot. Here was Honeywell. Some of you guys are still swinging this thing. Really, it looks really good. Finally took out 210. Closed just under 213. It has room here to the 215 area this week. So good job for all you guys who are still in Honeywell. Ironically, this was one of my bigger trades of the day, Yalla, of all things. And it's one of the more fun symbols. Like, I literally, every single time I was going up, I was just screaming Yalla. Right, we guys don't like Yahtzee. They had board game Yahtzee. Yalla, really fun to trade. So we got along on the $15 break. It confirmed on the 1570. Look at this. I mean, only in a market like this can a stock do this, which is amazing. So here was the 15. That was the previous day's high. Here was the 1565, 1570. The damn thing went to 18 bucks. Just again, only in this type of market. And as far as I know, I don't even know what the hell the thing does, but does it really matter, right? Does it really make a difference what fundamentals are in this type of tape when speculation money continues to roll an absolute phenomenal move on Yalla. I still like the ZS, okay? ZS had a really big move a couple of days ago. Put an inside day, which is resting, okay? It rested on a third of the volume. I think if it starts confirming Friday's channel, start seeing the top of this channel very, very soon. Maybe it's the rest one more day, but I still like ZS. Never, it never cracked there. Snow is by far the biggest mover of the day. And I can't even say by far. Yalla was amazing. And FSLY, we'll get to that in a second as well. But again, here's a perfect example of option flow. Option flow comes in. The previous channel gets taken out. 343, 344 needs to build. Again, experienced traders only. The stock is not really for everybody, but it takes out the 343, 344. And it basically goes to 400. We saw 380, 390, 400, 500 hall buyers step in. Again, the options market, and this is why we always reiterate, please get, if you trade, especially momentum names, you have to have an option scanner just to see where the money flow's going into. And they ran this thing. I mean, to say ran is an understatement. This thing went from 343 to almost 400, just a disgusting move, right? Just an absolute disgusting move. Shack, nice breakout on shacks. 87 needs to build. Shake Shack, right? Shake Shack. I personally think their burger's a little overrated. Just one man's opinion. But again, overall, again, pretty clean pocket here. Took out the 87, ran to like 88 and change. Still looks higher. Shake Shack. Nice move. Again, nice move on Shake Shack. FSOLI just absolutely went bananas. Absolutely went bananas. I caught this trade pretty decent. FSOLI, we started watching early. We recovered the stock a few times. 87.50 was like the 50-day supply. 87 was a sneaky channel. What was interesting about the FSOLI pivot early on, when you saw the stock around 86 and change, wasn't really a lot of volume. And that was kind of the key to a lot of names Friday morning. But then one guy comes in for the 87.50 weeklies. They're like, all right, not bad. And nothing really exciting, but OK, not bad. And then 15 minutes later, a guy comes in for the 90s. 87.50 doesn't really get your attention. But when a guy is coming in for the 90 weeklies, then you start paying attention. And you started looking at the order flow. And it started coming in literally one by one. So here was the 87. It was 87.50 to 87.50 confirmation. And you started seeing order flow come in for the 90, the 95 weeklies, like one after another. We saw 100 weekly come in. And the next thing you know, it takes out that 87. It takes out the 87.50. This is one of the biggest moves I can remember in a long, long time from a non-beta traditional name. The stock literally went from 87 to 87.50 all the way to $97. I mean, that's how extreme this market is. Again, it's incredible to watch. And if this is your first year of trading, it's not normal, right? This is exaggeration via dot com area. It's not normal. But again, just suck it up. Enjoy it while it lasts. Because again, eventually the market shrink. So I'm going to do that anymore. But it's just phenomenal, absolutely phenomenal move. And this is kind of what we started talking about at the option order flow. The January 500 buyer comes in, just nuts. Yellow went absolutely nuts. 212 on deck. And I kept on saying, again, I thought, for example, 89. I made some sales in the 88.50s. And I was like, man, 89 is supply. You can't assume it's going to go beyond that. And it just went up another $8. So just crazy moves, right? YALLAS, just everything went nuts. And I'm like, well, I'm now waiting for Tesla. Tesla didn't confirm just yet. But again, I think any day is imminent there as well. I still like Netflix. But it's kind of disappointing, like everything else. It's had that big one day wonder. Just not doing anything since. And the video, again, not doing anything since. ZM, not doing anything since. And it's a funny, funny, funny joke. One of the people asked me, if SOY is going to stop today, my answer is no, obviously. Sarcastic. So again, the market continues to be great. Again, the challenge every single day is definitely to keep your composure and just understand that this market will not last forever. But at the time, we have to kind of strike while the iron's hot, but at least be conscious that any potential day could be the last. So again, stay potentially, stay confident, stay poised. Always play devil's advocate. Always think safety first. Again, guys, be a better friend to yourself if you could be a good neighbor to somebody else. Again, we're human beings. This is one life to live. There's no reason to be salty or upset all the time. Learn to smile. Be a good person. Really doesn't take a lot of energy, a lot of effort to be a good human being. Just do your part. God bless everybody. Have a great, amazing weekend, holiday season. And God willing, I'll see you all Monday. Take care.