 Everybody see how we got rejected initially off the five-day moving average, right? It's this orange line. It's pretty basic stuff here, at least from where I'm sitting at. We are either going to reclaim the five-day moving average and go back to the 297 upper Bollinger Band, or we'll go back to the 297 upper Bollinger Band. 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, and welcome to another edition of the Access a Trader.com nightly wrap-up show. I hope everybody had a really good day of trading. We'll talk about that in a second. First and foremost, I want to send a very, very, very deserved and much thank you to all the men and women on this Veterans Day for putting your lives on the line to kind of defend what we take for granted every single day, which is our freedom. So I definitely want to start out the broadcast by saying thank you. I think I can speak on behalf of all Americans out there. We pray for you and may God bless you every single day. So thank you very much. So let's talk about the market. Okay, so the Dow rested today, very, very much needed rest after just an absolute insane run. Okay, for the last couple of days, you've seen a tremendous disconnect. We started talking about that on last night's video from the Dow stocks compared to the NASDAQ 100 names. In that NASDAQ 100 names, we saw a lot of names like we talked about last night that had this really tremendous run on the whole stay at home movement, right? So they got taken down. You had a nearly, what, 500, 600 point decline in the NDX in the last several days. So we talked about last night how I believe today was going to be kind of a tricky day. And the only reason why I say it was going to be a tricky day, I know I didn't want to really sell the market today. And we discussed this at morning strategy pretty clearly. I wanted to kind of give the bulls the benefit of the Dow, but not for a kind of a massive rally, kind of a potential of what can happen next. So we'll talk about that in a second. And for the majority of the day, for all you guys, especially who trade tech, you could attest to this. It was a pretty insignificant day. I would say literally about 90%. And despite the NASDAQ composite, and again, again, big disconnect, this time around, very strong close on the NDX, on the composite, up 200 and change compared to a flat Dow and Joe's and Dushel's. It really doesn't paint a picture of what actually happened today or at least towards the end of the day. And I think what the bulls did today, at least put themselves in a position of what potentially could happen next. And at least now, going into tomorrow's session, we have a very specific line in the sand, both to the upside and to the downside. For all you guys who've been kind of watching this broadcast for a very, very long time, and if all you guys are joining us for the very first time here, I love the five-day moving average. I believe that it is the shortest sentiment of what potentially could happen next in an interval, whether it's daily, intraday, whatever the case may be. Okay, it gives you a lot of clues of where the market could happen next. And when the market confirms the five-day moving average, usually the market will go higher. If the market confirms it to the downside, usually selling will fall. So for example, here's the first time we lost the five-day moving average. This is kind of this orange line, right? The market started going lower, lower, lower. The first day they reclaimed the five-day moving average. They just had this really, really big run. And two days ago, we lost the five-day moving average and we went right back down to the 50-day moving average, which kind of brings us back to today. And again, I don't think today's session really, a lot of people are really going to put the fine points of importance heading into tomorrow's session. But I do because right, we're back into this kind of reflection area, kind of a cross in the road. And again, it's realistically pretty simplistic technical analysis going into tomorrow's session. Everybody see how we got rejected initially off the five-day moving average, right? It's this orange line. It's pretty basic stuff here, at least from where I'm sitting at. We are either going to reclaim the five-day moving average and go back to the 297 upper Bollinger Band. Or we're going to get rejected again at today's high roughly around the 290, 290-1.5 area and start rolling over. The key for the bulls, any close tomorrow over 290 is super bullish. Then you have a measure potential of 297. Any close tomorrow below 283, well, then starts to retest the bottom of this channel here, which is the roughly the 50-day moving average. So yes, I think without really going into some dramatic rant about it, I do believe tomorrow will be a pretty important day for a sentiment. Again, bulls, you are in control. Okay, it's up to you to confirm today's prices because if we do, we have a lot of value for tomorrow. And speaking of value, we had probably the least amount of value that I can remember in a very, very long time today. Last night when I was doing the video, I kind of, you know, I made a joke and I tweeted out about it. I said, well, if today's session, speaking yesterday, if today's session was really, really high value of day two selling under the stay-at-home stocks, well, then tomorrow, which is today, looks like the New York Jets season, right? So there wasn't a lot of enthusiasm. There wasn't a lot of value into today's session. So I just kind of wanted to see what would happen? Where would the sneaky value come? Is there value ever going to come? Because again, the one thing that unfortunately the social media environment will always tell you, there's something always out there. Right, there's something always out there, but there's not always something out there for your specific process, for your specific approach. So it's very, very important to understand that. Unfortunately, a lot of traders, when they see this, there's constantly, you know, there's always opportunity somewhere, they believe it, because that's what they're told 30 times a day. And if they're not done with their day in the first 15 minutes, that means the day is over, which is the absolute false. So today was a situation that again, I didn't see a lot of value. I definitely did not want to make sales selling the market after that big, big rundown. Okay, so I wanted to see how the day played out. And the greatest thing about trading, especially trading pivots we constantly talk about, it's the ability to organically remove the fear of missing out. So the days that nothing spots, highlights my process are very little, I have no problem kind of gathering information that day, getting more screen time, getting more building a stronger foundation for trading days going forward. And I have zero, zero risk on, because again, it's very, very costly to trade when you don't have a valid opinion that is confirming macro, and that's very, very important. So if you look at today's session, again, it kind of, you know, we talked about the ability, we talked about the ability of having patience. Okay, again, we use that word, we use that word sometimes very, very loosely, but it is incredibly important, especially for your development as a professional trader or aspiring professional trader, to really let the market come to you. And if you look at my notes pre-market today, let's see, let's see here. Yeah, so here's basically my notes. I put in some pivots, we saw pretty good aggressive headlines today about COVID all over the place. I think New York, New York, I think Governor Cuomo said New York had nearly 5,000 new cases overnight. That's a lot, that really is a lot. We're seeing big spikes everywhere. I believe they talked about Texas having over a million cases. So, you know, I thought the value today at somewhat, at somewhat, okay, would have been at least COVID-name specific, because if they got taken down the last couple of days, well, if again, if you're getting a rising spike in COVID again, well, they're the ones that are going to benefit from it. So, I wrote here, you know, only value I really see today if we get a bounce back day in the COVID names because of the huge spikes. Again, stay patient, you don't need to trade every single day. You should be in scout mode. And I very, and I wanna reiterate this again, every single day, especially for the newer trader. If you're an options trader, what do you need, right? You need a big potential move and you need it now. You don't need it tomorrow, the next day, you need it now. Not only are you fighting price action, you are fighting time, right? Time is not on your side. That is why equity versus options is grenades versus oranges. It's a completely different conversation. Same methodology, but a completely different conversation. So, days that you know you're not going to get a lot of value or a lot of potential range expansion, you have to be disciplined enough to sit on your hands and say, wait a minute, let me wait for that value day. Again, that could be tomorrow. Again, very, very good possibility if we start confirming channels. But this is a day I set to myself, look, I have no expectations, right? Nothing, again, I wanna see how this day plays out. Let's take some scallops if we have them. Let's move along and see if we can get a little bit more clarity, a little bit more clues of what's gonna happen tomorrow. So, I started putting in pivots one by one and none of them, like literally none of them in the beginning, did anything. SE gapped up, they got downgraded this morning, gapped up, never came close to going red. BYND, I was looking for kind of a confirmation of yesterday's move into the upper channel, it never got there. Neo, right? So, Neo's a stock that never goes down, right? It's the whole EV, next Tesla, how many of your neighbors have a Neo? Raise your hand, I'll wait. Anyway, 39.50 sneaky area if it builds below might start to flush. And I said this, look, not every single trade is for every single person. Very experienced traders, only the macro. And again, guys, this is the macro number, it continues to be that 38 level. So, it made its initial move, if you look at the 60 minute channel, it made its initial move, it took out this 30, what is it, this 39.50 area, right? These are the two channels, this is where I got 39.50. It took out 39.50 and it went down about a buck. If you did take it, I didn't participate in this trade. Again, it's just not something that I was on a head for today. If you did take it, you got that initial move and then this thing is just a still monster. But again, guys, this 38 level, this whole channel going forward, just set an alert for 38. This thing one day and this lifetime of the next starts building down 38. There will be a more organic flush in this name. This was the big one, but not necessarily even this one, which this one was good too. The Zoom had two big pivots. This one I took, this one I took, it was a really nice pivot. So Zoom, again, we were looking for the bounce back on the virus plays. So here was the 39.50. You guys see this whole channel here, right? This whole channel here. So 39.50, it started confirming, it confirmed the 400 initial opening range high and it went right to supply here at 405, right? So let's remember that area, 405 as well. So beautiful, beautiful trade. I was happy with the trade because again, I didn't expect a lot of today and I said, all right, you know what? Let's see what happens. Let's see what happens next. And literally the market for the beta market did absolutely nothing. Nothing for the next four hours. It was one of the more painful days I can remember, but again, I was okay with it because again, I understand you're not gonna get dealt aces like we had yesterday every single day. So you're going to be fine with this. I was watching FSLY and never came close. Never came close. I was watching Lyft and never came close, right? So I'm sitting there, I said, all right, okay, this is gonna be a day that again, you really have to be patient and see what you have. And I said, look, this is the least amount of value I've seen in a very while compared to yesterday that we've seen one of the biggest values that I've seen in a long time. And this is where I screwed up and I apologize to everybody on the feed, but again, you guys are not in the live webinar so you're not hearing the live commentary step by step and it's very important for me to protect you first, okay, protect you first and then you can eat later. So it looks, again, 118 needs to reclaim supply and when you look at Apple, it did, right? It did and it went to, it's trading roughly around 120. However, that's not the case. If you look at right here, this whole channel here was 118 and it just couldn't get through. There was a seller, there was a seller, there was a seller at this point of the day, at this point of the day, we really didn't get a lot of visibility of what the market wanted to do. Remember, these Nasdaq names exploded like two hours later. You know, it started going down and nothing really good. So, and I really said, look, there's a seller there, he's not letting it go. Worst case scenario, use break even as you stop. And again, the stock exploded later. And guys, remember, we're not trying to win, we're not trying to get the guest to closing price. We're trying to win our interval. And again, the most important part is if they can't reclaim a whole number with a lot of value very, very quickly, your job is not to sit there like a deer in headlights, your job is to make a decision to get out of dodge. You can always buy it back. So again, for all you guys who did sell a break even, again, I'm just trying, especially if you guys on the Twitter feed, for you guys in a live webinar, you kind of know why, hit supply. But for all you guys who would not privy to hearing me, the comment, literally play by play on every single tick, it's very, very important that again, that you recognize the order flow and you keep it moving. So I apologize there. So Neo, yeah, take on the way down, 38 big level, zoom, that was the first move, take on the way up. Again, this is kind of what I was talking about. It's having issue at 118, consider using break even. So again, it is what it is. NET, 65 needs to build. I still like NET for tomorrow. Here's the 65 channel, right? Here's the whole 65 channel. It took a long time, but it finally traded to like 66 and change. I still like the daily chart, right? If they could confirm, if you guys noticed it stopped at the same place twice. So if they could reclaim this channel tomorrow, we might get a pretty good move. And again, I do like a lot of value for tomorrow's session. Pfizer, I don't think got down to 37. I don't think Pfizer got down to 37.70. It did, oh yeah, I missed this trade. It did, it got down to, look at the low of the day. Oh no, it didn't, I'm sorry. It got down to 37.90, I apologize. It got down to 37.90, that's why I missed it. For a bounce, Netflix 487 needs to build for cash flow move to 494.91. Look, this is pretty much where Netflix, this is pretty much where Netflix closed, closed right at 491. Again, setting up a pretty good session for possibly for tomorrow. And I said again, and I said this, this is pretty much I expected, I'm sitting tight. And this is the big one, right? This is the big one right here. So there was rumors, I mean, there's rumors circulating that the governor of New Jersey was considering closing schools, I think Scott Wopner from CMBC retweeted it. Again, there's so much COVID news. It's kind of hard to remember everything. But I said, look, sweet spike this morning, right? It needs to reclaim 397.50, 398 to wake. And then I tweeted out a minute later, I said, 399 a little cleaner. Guys, look at the move that Zoom made. Congratulations for everybody who caught this trade. So here was the 397, right? Here was the 397, right here, 397, 398. It took that out and literally, it just absolutely exploded. You know, went to 420 in about four minutes. Just one of the craziest spikes I've seen, you can see it here at one o'clock how incredible the spike was. So here was the 398, 399 area just went out of its mind. Again, COVID's no joke, man. These are the guys who are going to always benefit with any type of closings with restaurants. This is not the other thing, any business. So again, really, really aggressive move there. And that's kind of it, yeah, so that's kind of it. So I think for tomorrow's session, again, pretty clean numbers here. I think, you know, if I wanna definitely give the bulls the benefit of the doubt, when you go through charts tonight you'll see a lot of really good setups, but again, you can't anticipate the market going higher. The market needs to confirm the Q's five day moving average. And if it does, again, if you go through charts tonight with your beta names, you're gonna see a lot of really good setups. So guys, have a great night, everybody. God bless you all. Again, I wanna thank all the veterans out there for really protecting our way of life. And again, may God continue to bless you and your families. Guys, have a good night, everybody. I'll see you tomorrow.