 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 the Axis of Trader.com weekend update. I hope everybody is having a wonderful life, health, happiness, most important health and happiness. Everything else again, especially if you're new traders out there, you know, trying to chase, you know, the wealth and the money and all that stuff. And again, the quickest piece of advice, especially for the newer trader. Again, I'm a much different human being at 45 and I was at 25. And, you know, it's really amazing that if you are just trying to chase the dollar, okay, it's like trying to build a house from the roof to the foundation just doesn't work that way. Again, whatever process you trade, and I've been saying this for years, again, make sure that, you know, all the ins and outs of it, all the moving parts, and you don't need to chase the money. You don't need to chase the dreams and the wealth and all that good stuff. All you need to do is trust the process, embrace the process and wait for it to confirm and the money comes organically. So again, just take a step back. I know a lot of new traders because again, social media has sensationalized what this business is basically not. A lot of you guys are falling for it because that's human nature, right? That's the really the biggest case of fear of missing out. And when your dreams don't materialize in the first six months, you think you're a failure. It's just simply not true. It's a very, very tough business. It's a very long road ahead for you guys, especially in the first three years. And I've been saying this nonstop to nausea. It's crucial how you start your first three years of your career because again, if you are digesting wrong information, you're going backwards. It's just the reality. You are going backwards and unfortunately people go through so much in the beginning and they really embrace the wrong information that it may never tap into their potential. Because again, unfortunately by the time your time is up and hourglass goes down to the floor, you haven't achieved anything because again, you're kind of going backwards. So it's very, very important. However you're trading guys, don't chase the materialistic things. If that's your thing, that's your thing. But don't chase them. Trust the process, the materialistic stuff. Again, if before you're choosing comes comes naturally just like any other just like any other business, any other job. So just stay focused, stay focused, believe in again, most important part screen time and all that good stuff follows as well. So my time is a little bit, a little bit, a little bit constraint this morning. I have two soccer games and a softball game before three o'clock. So I've literally, so I'm going to cut this a little short but kind of get into the meat and potatoes of what we are, what we just did and what we think is going to happen. Going into this week. I, I, it's very, very little complaints about this past trading week, especially you guys in the live webinar. You kind of, you kind of saw what the difference between having a really, really good summer and a really, really good September. And again, the summer, for the most part, the summertime was pretty solid. Again, you did have, you did have spurts that you had a very aggressive day and you had like maybe two quiet days and then you had aggressive day. And because again, people were on vacation again, if you've been watching this, watching this broadcast for, you know, for the last, even the last three, four months, you kind of saw my whole stance. A lot of people were on vacation, a lot of people that are handling a lot of money did not put their money in rest. And that's why you saw a lot of days that were just very, very thin and contracting ranges. Now that everybody's back after Labor Day, you can see the difference in the market and really no complaints this week at all. Very, very solid week. What I liked about this week's trading, again, number one, we had that big move coming out of this channel last week. We successfully tested not only the 50, but we claimed the five and we went back to the top of the channel. And again, for Thursday night, obviously everybody in the Twitter feed and the live webinar are kind of new. I thought the indexes were going to back test into Friday session. Just again, it's just basic technical analysis. Anytime you see an inverted hammer, right? It's a complete opposite of a hammer. Anytime you see an inverted hammer, that's just kind of a short-term top. And again, I don't mean macro top. I mean, just literally, you know, an area that the market could digest and have a light back test into rising support. That's exactly what we did for Friday session. We had pretty good action. I was one and done on Friday. I traded Netflix and that's it. I was just way too tired. That's all I needed. But what I liked, what I liked, what I saw this whole week was the stocks that confirm. I mean, especially the stocks that we follow all the time. The Teslas had a big, big run. The Boeing had a monster run. Netflix, two-way trader, great trader, BYND, Roku, Square, all those names that we follow once they confirm an Apple on Friday as well. Once they confirmed, it was pretty seamless. There wasn't a lot of hiccups. And that was a very, very important part of what you want when you are putting your money in the middle of the table. Because again, if you are in a process that is constantly looking like an EKG machine up and down, up and down, up and down, it's very, very hard to really embrace risk. And again, this whole business is all about processing, embracing risk. So what I liked about what I saw this week, great volume, very, very good volume. Liquidity for the most part was very, very good. And the measured potential, and that's a very, very important part of trading, especially for your new folks to have a smaller account. It's much easier for you to trade, for example, like a Tesla that we saw the whole week, going from a 232 base for a measured potential of 247, especially if you're trading on the option side, you can get a much better bang for your buck. Then trading, for example, like a Roku that's emotionally charged, and there's dip buyers and there's sellers all over the place, and it's a very, very sexy trade, but it's a very, very crowded trade. So that element is important as well. So I liked that aspect. I liked how the bulls defended areas of support on different areas of support this week. That was very, very important. But the most important part is I still like the fact that bulls are willing to almost numb the headline. So whatever drove the market, for example, down here in the headlines of, well, this pessimism of a deal getting done with China is the same headline that drove the market up this week, right? Optimism of Brexit, optimism of a China deal, and nothing has materialistically kind of shown itself. So it's almost like to the point of traders are getting numb to all this news. And that's a good thing. That's a really, really good thing. It's like living with kind of a disability, right? And again, it's only a disability. It's only handicapped in your mind. Once you start living it and embracing what, unfortunately, what you have in front of you, it's not that bad, right? It's not that bad. Maybe that's not the best example in the world. But again, no news is good news. And if you have recycled news over and over again, and traders are willing to embrace that news, it's a very, very powerful market. So going into this week, again, look, we back test again and test these levels. Look, we could. There's no fear, okay? There is no fear in this tape. Until we demonstrate that we don't want to bid up stocks when I say mean the macro market, then you start to worry. Any close below 189 is where the breakout occurred, 189, 60s on the cues. That's when you start to worry. Any back test, again, that started from Thursday's kind of mini blow off top. Again, I don't even use that word, but mini back test area, this inverted hammer. You know, can you get a back test back to this 89, 90 error? Sure you can. But again, it's very, very important to not to jump the gun and think the market's going back down. Hell on hand basket. Very, very good liquidity, very good action indexes, about 1% gains, 1.5% gains all across the board. Very, very bullish. Even on back days, nobody even noticed it. But the most important part is I love the rotation in beta. Again, I can only speak for myself because I trade beta. I don't know what's going on in the rest of the market. Don't care. If there's a 900% mover on a $2 stock, it doesn't affect me. I don't look at it. If there's a stock that's up 75 days in a row that I don't know anything about, it doesn't concern me. I'm in my little bubble. That's my niche. That's my lane. I don't go out of my lane. I don't go out of my comfort zone. And once you have a relationship with a group of names that, again, they are a tribe. These beta names are a tribe. If one is strong, they're pretty much going to be all strong. If one is weak, they're pretty much going to be all weak. You can demonstrate measured potential without even putting on a trade because, again, they trade in a group. And what I love, it was a great rotation this week. We had monster moves in Tesla, monster moves in Boeing. These are all names that we were covering. Monster names in Boeing, Roku was a beast both ways, long and short. Even BYND, this damn thing woke up and now it's testing the upper level here. I didn't put this on our watch list for this week, but I'm kind of looking at it. I think Monday could be a pretty interesting day. I traded this thing pretty decently. It was Wednesday of Thursday. We caught a really, really good move on it. I think it was a Wednesday. But it's kind of getting into a really interesting area. If it could reclaim this 10-day moving average, again, you could see the measured potential back to 68. Again, big if, but it could do so. So you kind of like what you saw, even Netflix. Here was my trade. And again, if you are most traders, in my opinion, they trade off daily charts. So if you look at a daily chart on Netflix, you probably say, well, why would you even buy a stock with this? So why would you even pay attention to this? You know, I could see the bottom channel, but why would you even look at it for Friday? And again, that's the whole point of sneaky pivots. That's the whole point of channels, within channels showing you strength and weakness. That's what we do. And the most important part is I like the way stocks are setting up into next week. You have longs. You have shorts and you have everything in between. So again, we're not bulls. We're not bears. We're just opportunists and waiting for confirmations on both sides. Again, if you look at Friday's session, again, you know, very good stuff. Again, here is my point. Here's my only trade of the day on Friday. I had a pretty decent week. That's all you need. All you need is one good one. Netflix. You can see this. This was at the pre-market. Netflix upgraded $440 price target. Key level here is $393. As you can see, it keeps on getting rejected there. And again, if you look at the daily chart, again, this is my point that, you know, we don't trade from daily chart. We don't need a daily chart to make sure there's actionable potential in trade. Again, if you look at this channel, there's nothing that stands out for you. But if you look at the 60-minute view from Friday, right? And this is kind of what we saw. This is kind of what we posted on the Twitter feed. You can see three areas where it got rejected into supply, right? $293, $293, $293. And once it started building over $293, you had that measured potential to $297. And again, why is $297? Again, stocks trade from channel to channel to channel. And if you look at the high from Friday, the high was $296.62. So again, measured potential is very, very important. Again, here is the $293 candle. I bought it. It had a really, really nice trade. So I'm very, very pleased. And for me, I was already done. I was burnt out already from week, but pretty happy about it again. And you could see how Netflix has the next measured potential. Again, if it starts reclaiming this channel, look how much room you have here, right? You have room to 305. And if it starts reclaiming 305, you have a potential move to 312. So Netflix, really, really good trade. ULTA didn't trigger. I still like it there. Tesla, I'm watching from both sides. You can see Tesla's 60-minute chart. Again, this kind of mirrored the QQQ move. You got to blow off top here. And now you can see the channel, how tight it's getting. You can see that the bottom of the channel here, the top of the channel here. And again, you don't need to buy the highs. That's not where we're looking to, you know, you're not looking to chase momentum. You're looking to buy this channel that's confirming that it turns into momentum. So here's the top of the channel here, where the middle channel, as we call it, the meat of the trade. Here's the bottom channel. Something's going to give this week. Okay, something's going to give. And I think we'll have a really good trade on both sides. Square, again, here's the pre-market analysis 5765. If it confirms, should resume. Yes, they sell off. And here was Square, right? Here was Square. Here was 5765, right here. You can see it. 5765 went all the way down to 5590s. Square, Square, Square, Square, Square. Apple, right? Apple, again, Goldman Sachs downgrade, 220 is a big level, needs a strong build lower for more selling. I thought, if you look at my notes going back to the upside, back to the area, I felt that 218 is strong support for Apple. It had a measure potential to get there. Why did I think 218 was the measure potential? Well, because again, if you look at Apple's daily chart, this is how you measure potential. When you look at Apple's daily chart, you can see the rising five-day support is 218. So, you know, here was the pivot, right? Here was the pivot that's 220 and went right down. Actually went out to 217. But again, big, big move. Again, I didn't take it. I was just already done after Netflix. I was pretty pleased. I was waiting to get into the weekend. But again, again, the greatest thing about these pivots, nobody needs to hold your hand. They're either going to confirm and go, either with or without you. So again, it's all about organic order flow and nobody needs to tell you when to jump. It's all about technical analysis. INMD, 28 has been rejected several times, needs to build. Here was the INMD. Again, you don't need to trade Tesla. You don't need to trade Apple. You can trade any of the stocks. A pivot is a pivot and a pivot. You can see here it got rejected. 28, 28 went as high as 29 and a quarter. Let me see here what else we got. Let me see what else we had. Snapchat, I kind of like Snapchat. I kind of like Snapchat over the weekend here. Snapchat, any close over 16 is bullish. A buyer comes in. I bought 5,400 this week. It's not in September 20, 1650 calls. If you look at Snapchat chart, it's actually a nice looking chart. First close over 16. Again, here's the 1650 measured potential. Again, it doesn't seem like a big move, but Snap is a stock that you could trade a lot more size because it's very, very liquid. Again, if it starts reclaiming Friday's action, you could see an initial move to 1650. So that was fine as well. For all you guys who will see how that turns out, but that's a good looking chart. I think that's it. I think that's it. So it's a pretty solid week. No complaints. I think going into this week, again, we'll have some good opportunities on both sides. The key to this week, in my opinion, is again, the bulls need to continue to live with prosperity. I think that's the most important key. I think any signs of weakness, if it actually gets, if any type of weakness actually starts to magnify, then you have a whole ugly scenario of the queues possibly going back into this range. But again, we don't want to put the carton from the horse. We want to make sure we have plenty of value on both sides. So let me give you guys some ideas going into this week. So I like ULTA. I think this is just a matter of time. You can see it held this bottom channel here at 225 several times. I think if it starts building below 225, you can see the measure potential. It happens there. I like Netflix. My favorite two stocks is trading. Tesla and Netflix. I trade pretty much every day. You see how it got rejected here twice, right? It got rejected here. It got rejected here. If this channel gets confirmed, if this channel gets confirmed and confirmed, especially the September 10th price action, you could get your measure first moved to 304 and then possibly 312. I like this FISV short. I kind of like this FISV short. It had a big, big move, came into support rally, got rejected, a five-day support. Again, it's short-term sentiment. If it starts to build below this candle here, roughly about 101, you could get a move to like 97, which is the next rise in support. IGT looks pretty good for all you non-beta players. Pretty decent option flow came in this week. I forgot exactly which series. You could do your little research there. But if this thing starts, it first closed here over daily supply. If it starts confirming like 1490, 15, it can go as well. Nice looking chart. Shopify, we had an excellent trader a couple of weeks ago through the downside. It looks like it wants to go lower, right? It had this big move down. It rallied. It got, again, rejected off this five-day moving average. And now it just needs to kind of start confirming this channel here, roughly 335, maybe gets it to 328 if the market comes in very aggressively. Again, maybe get a punch of shot to 314. And let me see what else I want to give you guys. Look at this IMMU, again, for all you non-beta lovers. Again, pretty strong move, right? Pretty strong move over supply. And this has been nice consolidation here. You could see the volume is decreasing. Again, a lot of new traders, again, if you're getting bad information, saying, well, the volume is dying out. There's no interest. No, this is good. It means the sellers are comfortable, right? The sellers are comfortable. The buyers are comfortable at this level. And you have no selling pressure after a very big move. It's only a matter of time at the top of this channel until it gets confirmed and you have your next leg up. So for all you guys who are trading $16, $17 stocks, keep an eye on this thing, 1690, 17, and any build above that should start its next leg up. So it's time to be Daddy Daycare. Two soccer games, softball. Hopefully you'll get some NFL action in between. Guys, I want to wish you guys an absolutely awesome, awesome Sunday. I wish everybody health, happiness, love, smile. It's the only one life, guys. I promise you. It's not about watches and cars and private jets. Just trust me. It's all about family. It's all about love. Stay healthy, and I wish you all the best. I'll see you on the field tomorrow. Take care. 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? Straight off his personal watch list? Unlock our free PS60 vault where you'll get nightly updates on pivot opportunities we're watching for the next day's session. 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