 You can be that evil and you can be that definitive in your stance on another human being. Then you have much more issues than the start. 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 morning everybody. Welcome to another edition of the AccessaTrader.com weekend update show. Hope everybody is doing great. A lot of stuff going on, obviously. Look, I want to make this perfectly clear. Obviously the big news over the weekend, obviously from Thursday night into Friday, was the COVID news, right? The COVID news for the president of the United States, and look, I have, I am in belief that I always believe that no matter who's in office, it doesn't make a difference, Democrat, Republican, you have to respect the office, okay? No matter how much you like or hate or disagree, we're all human beings, right? We're all born exactly the same way. We're all built pretty much the same way, our DNA, our blood, everybody's the same, okay? So it doesn't make a difference if you love the president, if you hate the president. If you're wishing to demise on another human being, let me say this as nicely as possible. You're a world-class dickhead, right? That's the nicest way I could possibly say it. After death, there's no coming back, okay? I don't care what your beliefs are, as far as I understand, there is no coming back. The idea that people can wish the ultimate demise on another human being is absolutely insane, okay? And if you are that type of human being, number one, I'm not messing with you. And number two, you really have to find some serious purpose in your life. You really do. Because again, if you can be that evil, okay, and you can be that definitive in your stance on another human being, okay? And you have much more issues than the stock market, okay? I think that's the best way of saying it. So hopefully everybody who's been affected with COVID, with diabetes, with HIV, with cancer, with any type of fight for their lives, we should be saying prayers for them, okay? No matter who they are, saying prayers for them, even if you don't know them, and try again to be a normal human being. Again, life is very, very hard. Trading is very, very hard. But at least if you live your life a little bit righteous, nobody's saying everybody's perfect and everybody's squeaky clean. But at least if you can have a little bit, just a tiny morsel of sympathy and empathy and all that good stuff to another human being, you'll find your life to be a little bit easier on a day basis. So again, just kind of my little thought process here, kind of wanted to just say, because I've seen so many negative things for the last couple of days, it's just, it's embarrassing that this is where we are as a society. So hopefully everybody who's fighting any type of disease or any type of illness may God be in your corner. So let's talk about the market. So obviously a funny thing came into the, came alongside this masterful rally that we were having three, four days in a row. We reclaimed supply. We built. We had some really good aggressive value to the upside. Thursday night into Friday session was setting up for a phenomenal, an absolute phenomenal measured potential run. And obviously in this type of environment, and we say this all the time, expect the unexpected. You really have to. And now we have so much uncertainty in life, right? We have COVID news. We have an election that is 30 days away, right? Basically a month away. We have all these different uncertainties. The idea that you can go into the stock market every single day with eyes wide shut is absolutely asinine. And I think we've been discussing this for a very, very long time that number one, this market has ridiculous amounts of range. Because of the volatility and uncertainty and all these different moving parts, we have the ability, especially for us, intraday traders. I go home flat pretty much every night because of number one, the uncertainty overnight. But number two, we don't need to have exposure overnight. If you want to trade Amazon, you have a 150 point range throughout the day. If you want to trade Tesla before the split. If you're having $70 ranges, so you don't need to be right overnight. You don't need to have that exposure overnight. But if you absolutely need to, you absolutely need to have exposure overnight, you have to have some hedges. If you're long any NASDAQ 100 names, short some cues against your positions. If you're long the banks, take some spies against your position. You need something number one to combat the volatility, this rapid and rapid news cycle that we're getting. All this disease talk, all this spread, all this election talk. You literally can wake up Thursday, Friday morning thinking, my God, the future's going to gap up and you turn around and you see, hey, Donald Trump got COVID, his wife got COVID, a whole bunch of GOP members got COVID. You're staring at a 500 point decline pre-market. So I think it's very, very important if you are trading overnight. And I think right now it's a very, very fluid time. We've been talking about this nonstop. But if you have to take exposure overnight, please, again, be an adult. Understand that again, hope is not a process. Take some protection, sleep better at night. So if you are long, you got to be short. You got to be something, accuse the spies, something just to protect yourself from one of these crazy headlines. And obviously Friday, everybody woke up the craziest headline of all. Trump has COVID, his wife has COVID. Obviously, it's a very, very serious situation because of his age, because unfortunately, his weight, I think he's a little bit overweight. So I think the idea that it could be one, two, three, take a couple of aspirin, take some Tylenol, he'll be fine by Monday, it was obviously ambitious. And as the day grew on, you started seeing all these different headlines. Obviously, he was transported right away to a medical facility hospital. Again, even if it was a very strong case or light case, again, he's the president of the United States. He's going to need to get the world-class treatment. But as you started hearing throughout the day, I think his oxygen level started dropping, which was very, very serious. He started taking some, I think it's some Regeneron drug. And as of last night, I didn't have a chance to read anything in depth. But as of last night, I believe that he had some fever, he had some temperature, and he was doing a little bit better. That's as of last night against a little bit early in the morning this today, I haven't had a chance to read everything. But I think this is a day, or this is a Sunday ahead of a new week, that yes, I have a game plan, right? I have an opinion what should happen. But depending on his progress, we can legitimately see futures come six o'clock this evening. Cash futures start the session up or down 500 points. This is just the reality. If he's progressing and resting and doing better, you're going to have a big rise in the futures. If they're talking about the headline red, he's not out of the woods, we're concerned, but we're trying our best. If you're going to start seeing more negative headlines, and hopefully that's not the case, you're going to have a really, really aggressive move down in the future. So despite where we are technically, and you look at the scoreboard throughout the week, the Dow was up about a little less than 2%, despite Friday's sell-off, and the S&P and the Nasdaq were up about 1.5% or so. So the scoreboard looked good. And despite Friday's sell-off, and again, the word sell-off I think is pretty exaggerated. I think a lot of people got spooked out by a lot of things that were happening on Friday, and the word sell-off, I mean, 300 points on the Dow is far from a sell-off. You guys just remember just going to March, we had several 3,000 point declines, a whole bunch of 2,000 point declines. So the idea that 300 point decline of the Dow was a sell-off, let's kind of reserve that talk for something much more exaggerated like we saw in March. So I think where we are technically is fine. Despite the pullback, especially in the Qs, you can see here, we are still above, we held this rising 20, which is a bullish thing, and we're still above the 10-day moving average, which is roughly around 273. That's a good thing. Now again, something comes out throughout the day that Trump is not doing great, whatever the case may be. Again, this means nothing. We could open down at 268, we could open down at 265, right? Or if he's doing great, we could open up at 283. So the idea of the technical analysis just for today, right? Just literally for today, because of this ever-changing situation with the president's health, I think is almost irrelevant. I think what is relevant is kind of putting together a game plan for Monday morning, regardless if the future is gap up 500 points or gap down 500 points. Obviously, if you look at Friday's value before the news came out, there was a lot of names that I really liked, and they were all COVID names. Again, we talked about, if you go back to Thursday's video, right? We loved ZM. Loved ZM, right? I loved Docu, right? We loved Docu. Again, these happen just to be names that were breaking out of ranges or kind of reclaimed levels. Friday came, and once we saw that news, there was no bigger catalyst than you can find, especially at these stay-at-home names than the president getting COVID, right? So we'll get to the pivots in a second. These things exploded. The COVID names were the early theme. That was our point of reference. That was our concentration levels at pre-market morning strategy, and they played out very, very well. But I think going into this week, there is going to be good value in other direction. If he makes this miraculous recovery, and hopefully, again, anybody that has COVID makes a miraculous recovery very, very quickly. So I'm hoping, I'm pushing that out to the universe, not just about one person. It's about everybody that's fighting this nasty virus. And again, you could sit there, oh, it's only a flu. Okay, it's all fun and games until it happens to you. I think that's the best way of saying it. I'm not judging anybody. If you wanna believe what you wanna believe, again, that's fine, but it's all fun and games until it actually happens to you. So with any disease, again, good positive vibes are going out to everybody. But I think what's happening this week is we're going to have a lot of good value with these COVID plays, both longs and shorts. If he makes this really great, fast recovery, the doctors are saying he's resting, he should be fine next week. You're gonna see these things really sell off, because again, this will really demonstrate that, hey, with the right drugs, with the right care, and again, obviously he's the president versus Joe Blos sitting there in Bismarck, North Dakota. Okay, so he's gonna get the world-class facilities, world-class treatment, versus just the average Joe, but it does show that it could ultimately be contained, which could be a good thing. And you'll see a really aggressive sell-off in these stay-at-home names. However, if this is prolonged, and again, the barometer is set to the leader of the free world, if there's a problem, you're going to see these things really explode. And again, we have to be very, very open-minded to trade both sides of the market. We have to understand that, again, with the election, how is this gonna affect the election? How is the market going to treat not only regular election volatility, but the presidential health involved with it? So there's a lot of stuff going on. And oh, by the way, we're getting a really aggressive natural rise now in COVID cases. So everything is setting up for a tremendous whirlwind of exaggerated price action. And I really, and this is my advice again, you could take it or leave it, try to trade as, especially if all you guys do trade in the intraday ranks, try to trade as aggressively as you can. And this is what I kind of convey every single day in the live webinar. Try to trade as aggressively as you can in the first three, four hours of the day, just about, you know, till about one o'clock Eastern time. And if you guys notice what happens around two o'clock, there's always these crazy headlines, whether it's stimulus, deal on, deal off, COVID news, health, like everything is gone, whatever they could throw at you at two o'clock, that's what makes the market completely erratic. And you see a lot of people giving back their days and getting really, really hurt. So just again, my advice, especially in this last 30, 30 days or so leading up to the election, try to trade aggressively as aggressively as the value there is between 9.30 at one o'clock, right? Watch the price action kind of set your opinion, initial opinion for the next day. Try to limit if not completely remove overnight exposure. Because again, we're only one headline away from your complete inventory to go get destroyed. And again, if you absolutely have to trade overnight and have positions overnight, make sure you're either hedged via ETFs, or if you are, for example, long overnight, try to do it via options on the covered side, because at least you know your maximum exposure. So that's it. So really solid week, Friday, surprisingly, because of the unfortunate news, health news of the president, you had a lot of exaggerated moves to the downside. The one thing we kept on reiterating all the time was, the market is good. Anytime you see the market is good and they're holding very, very aggressive levels, we always wanna give the bulls the benefit of the doubt. And anytime you get, any single time, you get an opportunity to get a gap down. If you guys remember on every video when the market's strong, I'm always saying, hey, market God's listening, please give us a gap down. Because again, what usually happens is when there's a strong structural tape, when they gap it down, what they usually do is, number one, they trap very, very early, aggressive, naive shorts, because they don't understand the macro level is still good. But when you keep on hearing the same news over and over again, you're still getting the same gap down, this is just a really good reason for the bulls to defend those levels and take it higher. So when we got that gap down and I said, look, obviously the value is to the upside. Anytime we get a gap down, it's to the upside because again, just the average natural, average true range is already put into those names. But when you get a gap down over a headline that ultimately can be repaired, there's much more value. So I said, obviously the upside is the value Trump COVID knew should get COVID names going. Right away we turned to the COVID names. They will be our prime focus, obviously, good morning. And if you look at pretty much every single stock for the exception of rocket mortgage and BIGC, I just like that set up there. If you look at everything that I posted, it was number one to the upside. We didn't have not one single short. Everything was to the upside. Everything was related to the stay at home theme and it worked out very, very well. ZM obviously, we talked about it the night before. It reclaimed that two, excuse me, that reclaimed that 482 level. And I said, look, any build above 484, that was the previous day's high, could get very aggressive based on the five day confirmation and oh, by the way, you got the greatest catalyst of all, the unfortunate news from the president's health. And it went absolutely nuts. I mean, and that's the whole point guys, why you need to do your research, you have to have an opinion overnight. So we talked about this level here, the five day, the night before. Here is the level that it got rejected off twice. It finally reclaimed the five day moving average. Here was the 484, right? Here was the whole 484 level, right? And it just absolutely went nuts. I thought it had a shot to get the 509. It went to 507.5, but just an incredible, incredible move and that really set the tone for the day one by one by one. And we started putting these things into the feed. Netflix, again, not the traditional, obviously, the greatest beneficiary of any COVID is gonna be Zoom. We all use Zoom. So the idea that the stay at home plays, this is gonna be always the one you want to go to first. But you start going one by one. So Netflix 522 sneaky area needs to build. And again, it didn't go green like the rest of them, but Netflix still gave you a move. So here is the whole five, what was the number I said? Excuse me, five, where is it, 522, sorry about that. So here is the whole 522 area. It went to 526 and changed and then obviously when the market reversed, it reversed with it. But again, you had some pretty good flow. The names were definitely working. The thesis was definitely working. I caught FSLY we were watching for like a week. I caught this thing pretty well. A hundred needs to build. Again, FSLY, I believe, I forgot exactly what the correlation is with TikTok. They're either a TikTok customer or something like that. But it has to, again, TikTok, stay at home. You know, little kids watching those damn TikTok videos. Again, same thing. So FSLY went nuts. Went absolutely nuts, you know, took out this whole channel here and went to like 102 and change. So again, the stay at home theme was playing out very well. I also caught this TDOC. I usually don't trade this thing, but again, these things are just waking up one by one. And I said, TDOC, again, same play, on watch, red to green note. This isn't a pivot, just momentum on the stay at home COVID plays. The value pivot is 225 and TDOC, it did exactly the same thing. So TDOC goes red to green, takes out 225 and goes to 228. Again, nice move there. Absolutely nice move there. So I was pretty happy about that. VIGC never got to 90. Roku was kind of odd. So Roku takes out the 201, 52 week high. And again, you can make an argument, this is a stay at home play, right? So it takes out 201 and it goes to 203 and change, but it wasn't like one of those gang buster 52 week high breakouts. It was very methodical. I personally didn't take this one. I just didn't, I didn't like the volume. And although it went up like two, two and a half dollars, I just didn't like the volume here. And again, it got rejected off supply and ultimately went lower. Obviously the market recovers, this thing still looks good, but it was a very, very odd way for stock to break out regardless. RKT actually got stronger into the close. I kind of liked this thing for this week. You know, it held up pretty well. Rocket Mortgage again, took out the 23, went to 2310, closed over the 23 level. This thing looks good. This thing can confirm Friday's price action and the market gets better. This thing could have a pretty big run. So let's keep an eye on this RKT for this week. Dock U another, again, another stay at home play on watch, red to green note. This isn't pivot, just momentum. COVID plays, right? 224, 50, 225 needs to build. Here was Dock U, right? So here was Dock U, here's a 224, right? It's the same candles, right? So here it goes, red to green, takes out the 224, 50, 25 goes to 227. And they were just working one after another, after another, too low, big move here. They guided higher the previous night. 282 rejected twice, needs to build for more experienced traders only. Obviously anytime the market's down 500 points, not every single trade is right for everybody. 282 rejected twice, 285, 50 was last night's highs for another point of reference. And too low went absolutely nuts. Congratulations for you guys who call it too low. So here's the two candles right here, 282, right? 282 rejected twice, here's 85 and a half after hours high and this thing just absolutely when nuts went to 295, so huge move there. Overstock never got to 82. I still like Overstock for this week. Again, you can also make a case this is a relative stay-at-home play, right? We had a pretty aggressive pivot the previous day on it, got rejected off the 50. Let's keep an eye on it for the next couple of days. If we can reclaim the 50, I think there's more upside there, so we'll definitely watch it. Truly I'm very surprised, didn't go right to green. This is another stay-at-home play, so we're definitely watching this thing this week in case it wakes up. So again, I think that's the best way of saying it. Oh my God. When you get a $15 candle in like in minutes on ZM, I think at OMG, right? Not to channel the 13-year-old girl on me, but OMG, right? FSLY one nuts, 509 on deck. And again, I think we had a really, really good game plan. I mean, based on what we saw, the information we gathered, the research from the night before, and by the way, again, the biggest catalyst we could possibly have in that push into the stay-at-home plays, we actually got it. So Friday turned out to be pretty good, pretty good session. Again, I'm very, very open-minded going into Monday. Again, I think by the time you watch this video, the futures probably will be already up or down, probably three to 500 points. And again, it's very, very important to have an opinion on both sides for tomorrow. Again, don't be tied into a bias, stop falling in love with your stocks. Remember, you don't need to trade every single day. If you're, especially if you're an inexperienced, just new trader, getting your feet wet, this is all valuable screen time. These are things that, even if you're not actively participating every single day, you can store in your mental Rolodex and keep it on file for later use. So it's very, very important. Again, there's no egos involved. There is no bravado. It's all about value, it's all about safety and the conviction to put on your process at will. Guys, have a great night. Love each other. Again, folks, it's sometimes just that easy. Just stop being that hateful person who just hates everybody. Just smile, man. Just smile and live your life. We only have one life. We don't want to get a mulligan. Guys, God bless, have a great weekend. And I'll see you on the field on Monday.