 Welcome to Access a 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 AccessaTrader.com Nightly Wrap-Up Show. Everybody is doing okay. Hope everybody had a good day of trading. Very aggressive action today. We'll talk about that in a few minutes on the pivot roundup. So let's kind of get into it kind of where we are. So today was act two, right? Bulls had a very, very aggressive stampede yesterday up 1700 points. Big gap up again today. The euphoria from last night, the anticipation of, you know, the light at the end of the tunnel, Trump's words. You know, everything was good. Everything was good. We rallied. Everything was strong, 900 point rally. And then people started realizing and traders started realizing what actually was going on. And as aggressive as the last 24 hours were, aren't they great? You know, very, very good aggressive rally in a lot of names. Very, very good action. People realize that this was nothing, okay, nothing but kind of a tidal wave, kind of a little bit of a tidal wave in a massive tsunami. Okay. And when you started hearing headlines today over and over and over again, you realize that again, you know, again, we always realize and we acknowledge that there's going to be some very, very aggressive rallies, bullish, aggressive rallies in a bearer sentiment, kind of what we have with this massive catalyst in front of us. But at the end of the day, people are always going to look at the big picture. And when you started seeing headlines today, it was just amazing and absolutely amazing. You saw France was the fourth country or is the fourth country to have over 10,000 deaths. Again, you know, you could tell me as much as you want 10 million, 20 million people in the country. What's 10,000? Okay, it's 10,000 people who died that didn't need to die. Okay, that's just, again, we're speaking from the human side. One life is too many. Don't tell me that 10,000 is nothing. You had New York, New Jersey, their single biggest rise in death totals in one day. Okay, I live in New Jersey. I lived in New York. All my friends live in New York. All my friends live in New Jersey. Again, a lot of people are dying. Okay, Times Square looks like kind of a picture from the movie Vanilla Sky. Remember that movie Vanilla Sky with Tom Cruise? When he wakes up, he has a dream and he's walking into Times Square and he's by himself? That's what Times Square is. Okay, all the lights, all the action, all the excitement, all the tourists, everything is gone. The life is gone. Everything was sucked out of Manhattan and New York. Again, there's so many people under quarantined, are sick. It's a disaster. It's an absolute disaster area. The market started peeling off, peeling off layer after layer and after layer and then just totally realized, wait a minute, two-day rally, big moves, we're coming into supply, we hit supply and the next thing you know, which was a really aggressive two-day run. North of 2,000 points, you had a 1,000 point reversal, 900 point reversal in the town and when everything was said and done, you look at the screen and you got a whole bunch of inverted hammers going into tomorrow's session with all these really aggressive nasty headlines still on the table and people are still digesting them as they're eating their dinner, as they're watching the evening news, which again, I think is a horrible way to kind of go through this mentally but again, to each his own. And again, Trump was not messing around when he said the next two weeks from last week was going to be horrific. That's what's happening. Again, guys, stay at home. There's no magic formula. Every bit of data is saying that the best defense against this damn virus is to stay at home. Order food. If you don't have to go out, don't go out. Just again, just try to do everything possible to protect yourself and protect your family. Very, very important but from the technical side, look where we are right now. The Q's hitting supply perfectly inverted hammer. You had the IWM hitting supply bears reclaimed that 115 area inverted hammer. These are very bearish signs. The diamonds as well, although they didn't hit anything. The diamonds had a big run. The Dow rallied from 20,800 to 23,600. Again, this is, again, a big sell signal as well. You start looking at the individual names. Triple M with all their mass. Again, big gap up. Inverted hammer closed way below the 50. The bears reclaimed the 50. The bears reclaimed the 150. The names again, the 100. This is bearish. A lot of names. You could go through a million charts. You're all going to see the same thing. Again, big run, very aggressive run for the bulls. It appears, again, anything is possible tomorrow. But again, if you're a betting man and my whole list tonight is sell. It's all sell. Again, if I'm going to be right, am I going to be wrong? Again, it doesn't make a difference if I'm going to be right or wrong. I'm going to let price action dictate and wait to confirm based on my prioritized diligence, which is today. So going into tomorrow, again, you have to be sell by. Again, after a run, for example, not that Intel's the end will be all, we're going to run from 51, 51 to 61 in four days with inverted hammer. Again, this is the most basic thing in candlesticks. Hammer, bullish, inverted hammer bearer. So again, cues rejected into supply. We have to watch tomorrow. If the bulls start defending today's level is great. That's fantastic. They want to go higher. That's fantastic. Again, I'll be prepared from both sides. But again, the initial value for tomorrow's session is on the sell side. So any gap up tomorrow will be sold. I'm telling you right now, any gap up to be is going to be sold tomorrow. Just because if you look at all the 60-minute channels, you know, whatever your favorite chart is, every stock if they gaps up, it's going to go right into supply. So if you're from the trading aspect, you kind of want, like I'm flat, right? I'm flat going into tomorrow's session. I want to gap up, right? I want to gap up because I want to see a clear rejection into supply. And then I want to see downward channels start to confirm. Now, if we get a gap down tomorrow, then obviously you're going to have to wait for the opening range lows on these 10 o'clock candles. But again, it's a much easier play. It's a much more seamless way to look at it. If they do gap into supply, get rejected and start going green to run and then opening range low. So that's kind of my viewpoint going into tomorrow's session. Aggressive day today. Very, very aggressive day. Very aggressive. Let's just say that much. Very, very aggressive day. We had some pretty aggressive pivots. We'll talk about them individually. Shop. So shop gapped up 10, 11 points. It got downgraded. One of the most highest probability play. And again, I'm not reinventing the wheel here, but for all you new traders who've kind of never came across, any time you get a stock that gaps up on an overall market wedge that gets downgraded, there's high probability it's going to go red in the day. And before it goes red, you're going to start seeing lower highs taking place, especially on the 60-minute intervals. And this is a pretty high probability play. Shop downgraded $3.99, held several times. That was a pretty market low three times if it builds below can flush. Shop was good. It's not really something that I traded, but I traded it today. I traded it today because it was value. I traded smaller shares because, again, that spread is just ridiculous. Sometimes you get a $1.50 spread. It makes Amazon look like trading Siri satellite radio. So we had to kind of leg it to these things smartly. So here is the $3.99. $3.99, $3.99, $3.99, $3.99. And this got destroyed. Absolutely destroyed. It went all the way down. The initial move went all the way down to $3.75. This was a $24 candle. Again, I showed this. They made some money on it. Again, you can't do size. There's no way you can do size with a stock trading. Sometimes with a $2 spread. But again, a pivot, a pivot, a pivot. So nice trade there on Shopify. Netflix obviously never got to the $3.84, $3.85 level that needed to confirm, never got there. Apple 27060 needs to build. I didn't trade Apple. I wasn't even watching Apple. What the hell did it do? 27060. Where is that? 27060. It looks like it went to 27170. So I apologize, guys. I wasn't even watching Apple. But it looks like it gave a dollar move to the upside at the morning. Roku never got to the 93, 93, 20 area. So here's where the upside pitted started working. Really, really well. Number one, you had Amazon. Not a big move. But again, I knew there wasn't going to be a big move here. 2027 needs to build. 2038, 2040 is supply. It kind of got into supply, missed it by a couple of points. But here is the 20. Here is right here, this 2027 area. Once it started building, it went to almost 236. So $10 move there. Didn't quite make it to supply. But here is definitely the move of the day. And again, is there anybody that can make a case that this is by far not the best trading stock? Upward channels, downward channels. When this thing goes, man, Tesla, Rockstar. Absolute Rockstar. 545 needs to build. And look at the move that Tesla did. I said once it starts building that 545 and reclaims and reclaims the previous week's high, the delivery numbers at 548. I said this thing has a shot to get to 560. So it took out 545, took out 548, went to 565. Why was 565 important? That was the supply zone into the daily supply. So $20 candle on Tesla. Huge move, huge, huge move. And a lot of you guys did really, really well. Again, the best stock ever. It really is the best stock ever. Wayfair got upgraded today. 76 needs to build. Here was Wayfair. Here is the Wayfair chart. Here is a 60 minute view on Wayfair. Here is a 76. It took out 76. Went to almost 80. Big, big move on Wayfair. Facebook. 70, 70, 80, 171 needs to build. Again, some very aggressive things, man. Really, really aggressive. So here it is right here, the 171. Look at the move on Facebook. Went all the way up to 73.5. So big move on Facebook. ZM got destroyed. Absolutely destroyed. 118 for builds below can flush to 115. Forget about 115. This thing stopped at 115, gave it the middle finger, and went to like 109 and changed. Look at ZM, huge move. Huge move down. Again, got downgraded today. Here is the whole channel here at 118, right? 118, 118, 118. It took out 118. Here is the 115. Basically just gave it the middle finger. Went all the way down to 109.57. Huge, huge move in ZM. NVIDIA didn't do anything. NVIDIA put its first move to 278. Went to 278.25. Never gave a second entry. So anyone literally straight down from there. ZM taken the way down. Amazon taken the way up. Tesla obviously take on the way up. Shopify, nice trade. I'm shocked. I made money in Shopify. These names usually don't make money on it. But it went straight down. It went straight down there. Tesla again. Ridiculous move. Shop, sweet move. So here is where, again, folks, I urge all you new traders just listen to me very carefully. The reason why you're a new trader is you don't have any experience. You don't. You don't have any experience. You think you do. You think you're smarter than everybody else. You think that you have to say with ridicule and these cute little comments, it's cute, right? It's cute. The problem is when you get on the wrong side a trader has been doing it for 15, 20, 25, 30 years. Right? It's lights out for you. And somebody on, you know, I posted, you know, this is a monster pivot. 156 support on Boeing. If it builds below, it can flush. So somebody on stock, let's say again, let's take it from the source. Ha ha, shorty, you're in trouble. Yada yada yada goes to 140. So moral of the story is very simple. Folks, if you're a new trader, okay, your goal for the first three to five years, try to get as much information as possible. Okay? As much information as possible. If you're so happy, if you're so fortunate enough to have a relationship, what a trader has been trading for a decade, decade and a half, two decades, try to pick their brain, right? Try to pick their brain. Try to get as much information as possible. Again, because they have the experience. Okay? What you're doing is trying to prove that your opinion matters. My opinion doesn't matter. Okay? So what should your opinion matter? Price action pays. Okay? Your opinion doesn't. And especially if you are trying to ridicule, make cute little comments to somebody who's been doing this more than 15 minutes. Okay? You're probably going to wind up on the wrong side of the trade. So again, be humble. Okay? This is the greatest business in the world that's going to humble you fast and you can blink. Okay? It's not about bravado. It's not about pounding your chest. I'm right, you're wrong. If price action tells you you're wrong, you're going to bleed. And you're going to bleed very, very aggressively. So please, save the opinions. Nobody cares. Price action pays. Your opinion doesn't. So here was Boeing. Huge move, guys. Congratulations for what you guys have grabbed, Boeing. Forget about this move towards the end. This was a big move as well. But this, do you see this whole channel here? Guys, everybody see this whole channel? Look how many hours of data. One, two, three, four, five. So you've got seven hours of data. It broke 156. You knew this thing was going to get... It was going to get destroyed. You just knew it. 156 on one single candle goes down to 158. You've got an $8 candle and later in the day, it takes out the lows and goes all the way down to 140. So again, everybody falls in love with their positions. Fall in love with reality. Be responsible. Don't be a dreamer. It's all about concrete evidence that's going to help you in your next move of either protecting capital or trying to get aggressive to get more of it. But again, please stay humble or the market will humble you. Again, it's not me. Trust me. It's not me. It's the market gods. They will completely remove you from your money. It's very, very simple. So please chill out. Right? Chill out. So Boeing, again, just destroyed. Just absolutely destroyed. And then you had some upside pivots towards the afternoon. 551 needs to build to wake up. Again, this is what we talk about a sneaky pivot. Right? Here's a sneaky pivot on right here. Here was the 551, right? Here is the 551. We talked about the 545 went to 60. You see this candle here? This is what we talked about a sneaky pivot. 551 went all the way up to almost 562. Killer move there as well. There was another scalp on Amazon. And as you can see, man, it's just one after another. This is a very aggressive day. 2020 needs to build on Amazon. Here was Amazon right over here, right? Here was the 2020 and it went to 2028. So again, nice move there on Amazon as well. And that's it. And that's it. And as my man Jean Francois said, there's nothing easy about trading, but sometimes you're going to get a straightforward move. And that's what it's all about. So going into tomorrow, guys, again, I'm so biased. I mean, how can you not be? I'm so biased. There was a massive reversal here in the tape towards the end of the day. We have all these ugly headlines coming out tomorrow. And if the bulls are going to make a stand, they're going to need a lot of work tomorrow. So guys, please, if you are a new trader, respect the game, respect the people who've been doing this for a very, very long time. It's not a pissing contest. You're not going to get any brownie points of being right. I'm wrong every single day, everything. Every day, including Saturday and Sunday. That's my wife. She'll tell you. But the point is you don't need to be stubborn and you don't need to be aggressive to anybody else. Nobody really cares at the end of the day. So guys, God bless, stay safe, and I'll see you all in 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? 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