 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. Happy Sunday and welcome to another edition of theaccesotrader.com. Weekend update show. Hope everybody is doing great. Hope everybody is having a wonderful Sunday. Happy Palm Sunday. Next Friday we are off. It is a good Friday and let me be the first one to wish everybody a happy Easter for next week. But let's talk about this week, right? Let's talk about this week. If you are, by the way, new to the channel, please like, share, subscribe, would really appreciate growing the message of unbiased technical analysis based on the previous night's research. We're not into guessing. We're not into forecasting. We're not into debating. We're into raw data that turns into price action on confirmations. Hopefully everybody is continuing to get a lot of value off this thinking, this channel, and hopefully you guys will be with us for a very long time. Again, we appreciate your viewership. So let's talk about the tape. January the 11th, right? Not a lot of people are going to point to January 11th and say that was a very, very important day for 2023. Right? Matter of fact, a lot of people right now say, what happened on January 11th? Well, the most basic thing about technical analysis, the exception of the 200-day moving average, which is the mother of all moving averages, that's the long-term outlook of what's going to happen. The 50-day moving average is the closest thing to the 200, right? And whoever has control over the 200-day moving average is probably going to have control over intermediate term sentiment. It's pretty much been like that. The back test has pretty much been like that for years and years and years. It's pretty basic stuff when I tell new traders how to look at the market. All of the 50-day moving averages is bullish. Below the 50-day moving average is bearish. Now, if you go back to all the way through 2022, right? We spent about 85% of 2022. Below the 50-day moving average, that's this light blue line. And with the market got killed, last year the Nasdaq was down 31%. That's pretty big, right? The Q's were down 31% last year. That's a big deal. But if we fast-forward to where we are present-day, January 11th was an important part of what we're seeing here and where we are present-day because January 11th, the Nasdaq bulls reclaimed the 50-day moving average. That was this candle right over here. And there was two times within this whole channel since January 11th that the Nasdaq bears tried to reclaim back the 50-day moving average. And that was on January the 19th. And that was on March the 13th. And what happened was to give you an idea of how strong this market is, the next day the bulls reclaimed back the 50-day. And here we are at all-time highs. Well, we'll get to that in a second. Now to put this into perspective, how strong this market is, keep this in mind. There was absolutely no materialistic reason that the bulls got tired on January 6th, which basically started the bottoming, right, the bottoming channel of what we're seeing where we are right now. There was no materialistic news, right? The economy was still crappy. We're still recovering from the pandemic. Biden's doing whatever Biden's doing. So there was nothing materialistically that you could turn to that day and turn around and say, well, we're going to be at all-time highs only five months later. And again, raise your hand after what we saw in 2022 and what we saw for the first week and a half, two weeks of 2023. Raise your hand if you thought we were going to be at all 52-week highs or yearly highs. Me either, right? That's the whole me either. And the one thing that I've been always trying to drive the point across, and I'm doing this for 24 years, a long, long time, right? I've stopped rationalizing what the market, what I thought the market was going to do, what I think is going to market do years ago, a decade, a decade and a half ago. I'm not that smart. Matter of fact, again, if you're watching this channel for the first time, I'm the king of the idiots. So the furthest thing from smart I am. So I don't go into any single trading day trying to predict or trying to show anybody how smart I am. I'm dumbing it down as much as I can. I'm proving to myself, once again, how my opinion doesn't matter and nothing that I think or believe that's going to happen in the future will actually play out that way. We'll go into fruition. So I try to play every single day based on the previous night's research. So if the market reclaimed the 50-day moving average on January 11th, the notion going into January 12th, it was going to be bullish, right? It wasn't going to be bullish just because basic technical analysis above the 50-day bullish, below the 50-day bearish, and that's how I approach every single day. So the idea that we are rallying right now and I see a lot of people complaining and belly aching, well, the economy sucks. The market sucks. Everybody's laying off. And again, it has nothing to do with trading. It really has nothing to do with trading. There's always been a disconnect for years and years and years and this is the first time I said I've been saying this in videos for nausea going all the way back to when we lost the 50-day moving average in 2022. The market and the economy means nothing. Again, keep this in mind. We had a global pandemic. Again, raise your hand. If you ever thought you could live through a global pandemic in your lifetime, right, me either. We had a global pandemic that the world was shut down for two weeks, right? Logically, we should have been cut in half, right? Cut in half. We had the biggest single month rally a month later in April 2020. The market doesn't need to make sense. It never has to make sense. All it needs to do is market sentiment. Always clean up sellers at supply. The market goes higher. Sellers clean up buyers at demand. The market goes lower. That's it. There is nobody, the strings, it's the third, it's the third, it's the market makers, it's the dart pools. No, it's you. It's me, right? It's you. It's me. Nobody's causing us to have problems in our accounts, right? It's not the market makers. Not the dart pools. It's not the Fed. And especially, again, I've never understood the point. If you're sitting there complaining, well, the market's only going up because of the Fed, you're already acknowledged, okay, there's a reason why the market's going up. Why not take advantage of the long side? Why sit there and belly a, well, the market's only going, well, take that information, use that information to progress your account. But no, you're going to sit there and complain about that the market doesn't make sense. This is stupid. Yeah, life is stupid. Life is not fair. Why do you think trading is any different, right? Life's not fair. Trading's not fair. Get over it. Right? Get over it. Okay. The market's either going to go up or the market's either going to go down. There's nothing that you're going to put out there in the universe that's going to make it go your way. You want it to go lower. You want it to go higher. It doesn't mean the market wants to do the same thing. So it's very, very important to kind of omit your opinion, right? Omit your opinion. Stop arguing, right? Stop arguing with random strangers on social media that they're wrong that the market's going up. No, the market is going up, right? That's the whole point. We close up the highs with yearly eyes. The market is going up, despite what you think has happened in the economy. And again, I agree. Right? You have inflation. You have some softening, housing prices in certain parts of the country. You have this. You have that. You have the third. But yet here we are, right? Here we are. So instead of spending your time unproductively, okay, fighting with complete strangers about what you think is going to happen in the market, which by the way, nobody cares about. Right? Nobody cares about your opinion. Nobody cares about my opinion. The fair value of the market is always the four o'clock closing price, right? That's it. You know, the queues are not overextended at $320.93, right? And they're not cheap at $320.93. This is fair value. This is the last closing price at net asset value when the market close. So there's no such thing as this is, you know, this is oversold. This is overbought. It is. The final price is what the market is. This is what fair value is. Fair value was at 287. We would have been trading at 287. So it's very, very important to disconnect yourself, you know, set the mindset or reset the mindset of understanding that it is what it is, right? It is what it is. That's sometimes you just have to look at life and say it is what it is. It's not fair. It doesn't make sense. But you know what? We're here. And if you're going to be a professional trader or you're aspiring to be a professional trader, you have to disconnect yourself from the whole social media mindset. That something's going on at all times. It always has to make sense that I have to poll 6,500 people to make sure everybody's thinking exactly the same thing as much. Look, everybody's in the same playing field. It's called technical analysis. It's all right in front of you, right? When the market reclaims the 50-day moving average, it's bullish. When the market, you know, when bears reclaim the 50-day moving average, it's bearish. When stocks can't go down on bad news. And we just had a mini banking issue, right? Can you call a crisis? I'm not sure if three weeks is entitled to be called a crisis, but we had an issue, right? We had a banking issue for three weeks. So I think what, four or five banks went out of business and just think about the logic, right? And again, just think about the logic. It's illogical that we're going higher, but yet here we are, right? A banking crisis or a banking mini situation couldn't get the market lower. So what are we talking about here? Right? Think about it. This is the point of using all this energy, built up frustration, arguing with somebody. But this is so bad. Just take the market for what it is. Trade both sides of the market. Now look, is this market going to go up all the time? Absolutely not, right? We could be having a conversation Monday night, right? Tomorrow night's video, well, that was a hell of a run, but look at the reversal of the market, right? Anything is possible. But again, like I say every single video, don't we owe it to ourselves as professional traders or aspiring professional traders to be prepared on both sides of the market and trade the market that we have, not the market we want, right? It's just sometimes you have to dumb things down in life. You have to simplify things in life to kind of put it into perspective of what's about to happen next or at least be prepared to what happens next. I don't know definitively what's going to happen on Monday, right? I have no idea. I'm guessing, right? I'm guessing. And when my research is telling me, yeah, we look higher just the same way. If you watched Wednesday night's video, the spies reclaimed the 50-day moving average, right? Just all you have to do is go back to Wednesday night's video. And all I said is unless there's a banking collapse, and I'm not talking about, you know, I think in no disrespect to, well, I think I used the Middle Valley, North Tennessee, country-wide credit union, you know, no disrespect to them. But unless, and I said it Wednesday night's video, unless it was like a city bank that was collapsing. I'm going to go higher because, again, we reclaimed the 50-day moving average. Again, it had nothing to do with anything that was going on in the market. I knew the market's discounting bad news. We reclaimed the 50-day moving average, and here we are, right? So I think, look, there's two types of traders out there. There's traders who they want to be right, and then there's traders who want to be sensible, okay? And I'm one of these traders that I don't care about being right, okay? It doesn't make a difference to me. I'm wrong every single day, right? I'm wrong every single day. Like, for example, right? We talked about Tesla, we'll get to the pivots in a second. We talked about Tesla for two weeks, two weeks. And I said, well, if this thing starts breaking out above this channel, it should explode. It did explode, right? It was a fantastic trade on Friday. Absolute fantastic trade on Friday. And if it wasn't coming out with delivery numbers, and by the time you watched this video, right now it's 9.17 in the morning on Sunday morning. By the time they come out with the delivery numbers, we're going to know, you know, which way Tesla's going to trade tomorrow. But I had a really, really great move on Tesla. And my last sale was at this 204 level into supply, right? Into supply, and it kept on going. And I never bought it back for the overnight because I didn't want to, I didn't want to, I didn't want to gamble into numbers. Maybe they're good, maybe they're bad. But the point is, right, if I told you from phase value, is Tesla going higher or is Tesla going lower based on Friday's close, right? Doesn't it look like it wants to explode? Doesn't it look like it wants to test that 215 level? But if I knew 100%, then yes, I would take it overnight. Again, granted, I do have sellers remorse, and before the numbers come out, I actually wish I did have some Tesla overnight. But the point is, again, we make our choices, right? We make our choices based on common sense, technical analysis, and no emotions. And you live with those choices, right? If Tesla, you know, if Tesla opens up at 215 on Monday on great numbers, right? Yeah, it's going to suck, but I made that choice, right? I'm willing to live with that choice. Believe me, I'm going to be hating on all you guys who are along the 215, 220s going into this week. Just understand that, right? But at least I made that choice. And that's what it is. Life's about choices. Trading's about choices. And putting yourself in the safest place for a feasibility study that's going to play out to your discretion. And the point is, whatever you do in this business, do it in a matter of comfortability, common sense, and logic. Always think safety first. Again, I've always said this all the time. It's this trading and this gambling. You know, again, should I have kept the runner or kept something overnight on Tesla? I think I should have. But again, we live with our choices, and it is what it is. And hopefully for all you guys who are trading Tesla or have a position in Tesla, you'll get that move into 215, 220. Or if you guys want to get a little bit of a light move, a little bit of washout at the open, let your boy join the party as well. So anyway, let's talk about it, right? So phenomenal moves in the markets. Technology has been absolutely on fire. The cues have been absolutely going nuts. We talked about every single level on the video pretty much every day. Every level, they took out the 312s. They took out the 315s. And now we have to switch to the weekly chart. Be right. We have to switch to the weekly chart because there's no reference point on the daily chart where the cues could potentially land. Now again, there is a pocket here into the weekly supply of 328. Is there a shot against there? Sure, why not? We had a massive, massive breakout. Again, I don't know what's going to happen day to day. I have predominantly belong bias going into Monday. But again, if that changes, I change with it. I'm not attached to the market. I'm not attached to any individual stock. I'm in touch with reality. I'm in touch with safety. But if you look at the weekly chart, we had a phenomenal, phenomenal breakout on the daily chart on the cues got above the 316 level. And now we have an air pocket coming here on the 328 weeklies, which looks absolutely phenomenal. SPY, again, we discussed on Wednesday how we reclaimed the 50-day moving average, super duper bullish. And now it's at 40160. Now we're at 410. If you look at this whole channel here, it has room. The next supply is roughly 413. And then we have about 414 and on, so forth, and so on. The one group that had a little bit of issues was this week was the IWM, because there was so many of these regional banks. But look again, put this into perspective. With all that I just said, with all that problems with the regional banks, the IWM, this is the highest close in this whole formation, despite all these regional banks that are getting slaughtered in that index. This is the highest close in the whole formation. If the IWM starts reclaiming back this 179 level, if the IWM guys just keep this on watch for them from Monday, if the IWM starts reclaiming this 179 level despite all these potential battered banks, regional banks, and even more so potentially going out of business, we have a moonshot here all the way up to this 181, 182 level on the IWM. So we're set, right? Again, I would like to get, I would love to get a week open on Monday, just to get some strong stocks into potential rising support. We'll see if that happens. There's a lot of really great looking channels. The market looks really, really good. It really, really does. So let's talk about the pivots on Friday. As you can imagine, everything went nuts. All these charts that we talked about, we've been covering day in, day out. Meta, 208, tell me if you heard this before, 208 rejected X amount of times, needs to build. Meta went absolutely nuts, finally, finally broke out. Meta went nuts, it got rejected off 208 three times. Stock at this phenomenal push into the close of 312. Excuse me, 212, you have a whole bunch of 215s coming in for this week. It has measured potential here at 216. If it continues, this is definitely the trade of the day. 9740 rejected twice daily, needs to build. Again, we've been watching, I love Tesla. What's not to love? So Tesla, again, took out this whole channel here, right? This little baby channel here. And this is kind of what we talk about sneaky pivots. If you ever watched the PS60 workshop, you hear about sneaky pivots. It's not the highs, it's not the lows. It's this meat of the channel right in between. So it stopped at 9740, both on March the 27th and on March the 30th. It finally got above the 9740, finally got above the macro level at 201. I thought it was gonna stop that exhaustion, that last bar in the 204, that's kind of where I made my last sale and it just kept on going, right? It just kept on going. Again, we'll see what the delivery numbers are at some point this evening. Again, I'm not a big gambler. I like to, if there's risk, I'd like to make sure I'm in control of that risk, but Tesla looks great. If this thing continues, this definitely has ruined the 213, 250, but phenomenal. I know a lot of you guys are still holding runners overnight. NVIDIA has been in absolute monsters. They were coming in for a short-term expiration, the 280s, the 290s. NVIDIA 275 and last week's 276 highs, needs to build. Here's NVIDIA, as you can imagine, everything went nuts. So it took out 75, it took out 76, it traded up into the 278s. Again, has measured potential all the way up to 285. The upper Bollinger ban. Roku, I was watching through the downside and never got there. Airbnb gapped up. Gapped up, I stopped watching it. 123 was the pivot. It gapped up way above there. I think it traded to 126. Never gave us an opportunity there. Microsoft continues to be Microsoft 284.5. 285 needs to build. Here's Mr. Softy. Again, Microsoft has just been an absolute stud. Took out this whole range, has measured potential all the way up to 292 if the market continues. And this FSLY, again, just to give you an idea how strong this market is, right? FSLY has nothing to do. Absolutely nothing to do with beta, with mega cap technology. 1720 needs to build. Here was FSLY, right? Here, FSLY took out the 1720, traded up to 18 and changed. This thing looks higher as well. So again, we're set up. We're set up for Monday. Market looks good. Again, would it shock me that we're down to 300 points? On Monday, nothing shocks me anymore. But that's the whole point. You want to be ready for both sides. So let me give you guys some ideas going into Monday. The AI group has been out of its mind. AI, obviously, has been the leader. Massive call-buying coming in all over the place. If this thing gives, it probably won't. But if this thing gives us a down open, let's keep an eye on this thing for a potential bounce off any rising support. This thing looks like an absolute monster continuation. Another name in that group is PATH, right? Look at PATH. Somebody bought, I believe, somebody bought the 1,022 and a half calls for the next couple of weeks. Keep an eye on this thing. This thing starts coming out of this whole channel here, man. This thing could really, really rip. Same group. Another little stock, you know, I'm gonna just, again, just show you how good this market is. I'm not even talking about beta right now. Look how strong some of these smaller stocks is. Look at the stock, A-R-L-O, right? Look at this thing. If this thing starts confirming Friday's channel, this thing can wake up and this other little one. Again, look how good this market is. RLX, right? RLX, a buyer came in for 10,000. There was a block of 10,000 for short-term 350 calls. So again, market looks really, really good. Again, folks, remember, look, you could spend your time productively making yourself better, being a better person, better father, better husband, better wife, better friend, better brother, better sister, better trader. Or you can sit there bitching and moaning about things you can't control, right? You're sitting there complaining about this, it's just total strangers about how horrible this market is because it's not crashing. While you're waiting for this crash in the world to go to zero and the meteor that come and kill us all, you're missing a really, really cool market. Okay, guys, stop the whole bravado, stop the whole being that type of person, live your life, put a smile on your face. God bless, stay in business, and let's all meet up again tomorrow for the another round of nonsense of Ashapiro turns. Guys, have a great day, have a great week, and I'll see you guys all tomorrow.