 Welcome to Access to Trader, the number one community for high-level traders to learn valuable trends and strategies. Connect with other top traders and become consistently profitable. Click the link in the description of this video to receive a special offer on our revolutionary PS60 training. Access to our daily chat room filled with experienced traders and so much more. Space is limited, so make sure you don't miss out. We look forward to seeing you in the room. Hey guys, good morning everybody. Welcome to another edition of the access to trader.com weekend update show. Hope everybody is doing great. I hope everybody and I want to welcome all you guys who are joining us for the weekly video. Okay, all our friends, again, all major social media platforms. Welcome, welcome. Hope everybody had a great trading week. Hope you guys are going to get some detox, some rest, some re-energized good positive vibes. So you could start a fresh new week. Obviously you're off on Monday, observing the Martin Luther King holiday. So hopefully everybody gets a good rest. So let's talk about the week, right? So this kind of the bottom formation is playing out, right? Playing out nice and easy, joking. Obviously it's sarcasm, but the V bottom, right? That everybody calls the V bottom. Nobody knows it's actually the bottom until all way after. And the coolest thing about this feed, right? The coolest feed about this weekly feed is you see, if you go back week after week after week, the greatest part about technical analysis, and I always really try to drill the point home of technical analysis, how important it is. You can literally go back to last week's video and the week after week's video and the week after week's video and you'll see exactly what my mindset was going into the following week and how important every single level was. So two weeks ago it was an important level to recapture 157 and fast forward, right? Fast forward into last week we talked about how important it was and what will happen if we start testing this 50-day supply, right? Everybody was waiting for it. We talked about this last week throughout the week. We knew there was a measured move up to this area and it was really, really refreshing how aggressive the bulls really reacted that whole week and every single assigned to our dip, right? Above this 157 level, the more we started building above it, the more confidence you had that it was going to go to the next supply zone. So again, if you believe in the theory and the whole PS60 movement is behind stocks going from supply to supply, demand to demand, then you knew the measured move before any type of kind of reflection zone was going to be this 162.30, 162.50 area that we talked about. And I got to give kudos to the bulls. Again, as everybody knows, they've been following this broadcast. I'm not a bull. I'm not a bear. I'm an opportunist. I trade technicals. It doesn't make a difference to me what the stock does. It doesn't make a difference to me which way the stock does, which way the market flows. As long as we have, and again, I use this phrase all the time, as long as we have a very, very clear collection of data that we can really get a good game plan and allocate risk and really, really try to remove as much risk as possible, then everything's validated. So it was very, very important for the bulls to kind of not only test this 50-day moving average, but, well, kind of reclaim it. And we knew if you went back to last week's video, we knew the initial move, and you could hear it in the first like five minutes of last week's video, we knew in the first attempt at the 50-day moving average that the bulls are going to get rejected. Again, it's a major moving average. Everybody was lining up. All the technical sellers were lining up. All the tech emotional buyers were lining up at this level and it happened, right? It happened. The bulls got rejected, okay? The initial rejection was from 162, I think it was 162.15, 162.20, it got there within 10 cents or so. They got rejected and the cues started coming in about 80 cents or so. So you could see they're coming in. The great part about what we saw there, just strictly from the eye test, okay, was a lot of these names started getting stronger as the cues were getting weaker. And somebody asked me, I think it was a couple days ago or yesterday, well, you know, if you're a Corley, like in other words, if I trade a lot of the Nasdaq 100 names, well, why don't I just trade the cues versus the individual name? And the whole point is individual names are much easier to control, okay? So for example, if the cues are trading, let's just say 57 million shares for the day, right? 57 million shares for the day and Amazon is trading, for example, you know, 6 million shares of the day, you could see how easier it is to dissect the next probability move in Amazon versus 100 stocks that are in the Nasdaq 100. You know, half of them are going to go up, half of them are going to go down. So you're not going to get that big aggressive move unless the whole tribe starts going in one direction. So we started seeing in the Nasdaq 100, the day it tested the 50-day moving average, it started coming back in and then we noticed, right? We noticed right away, Tesla got stronger. We'll talk about Tesla in a few minutes. Tesla got stronger and NVIDIA got stronger and Netflix got stronger, Amazon got stronger. And right away you knew if they were going to reclaim that level because they just weren't going down as the old adage says, whatever doesn't go down must go, right? So they got stronger midday and the best thing the cues did was they reclaimed that 62-20 level and the market erupted, right? Market erupted. And what happened throughout the rest of the week were a lot of perma bears, okay? A lot of perma bears that were not technically sound and understanding not only sentiment, but they just didn't understand the clearest part of technical analysis. And when we started seeing throughout the week, every single time there was either some sort of gap down in the week or any type of weakness, the bulls kept on defending. If you notice here, just from your naked eye, you can see it. They kept on defending this 50-day moving average. That's the light blue line. They kept on defending it. And the more they kept on closing above it, right? They kept on building, building and building. All these perma bears, they just kept on coming out and just say, well, this market is going up because of X. This market is going up because of Y. Who cares? The scoreboard is the scoreboard. Nobody cares why the market is up, how it got there, algo, schmalgos, unicorns, Bigfoot, who cares? The last price is fair value. And the more you started seeing perma bears just completely, again, I don't even know if these guys even shorting the market. They're talking about the market on the downside, but again, who's really shorting the market? Again, if you missed this whole three-month move, that you're really shorting it up here, right? So they just didn't understand the technical aspect of what was about to happen. But they learned, they learned very, very aggressively. And the most impressive part about, in my opinion, about the week's kind of market sentiment, and we talk about market sentiment all the time, how to read, which way the wind is going to blow. Thursday night, okay, Thursday night, after a week of really, really strong earnings on banks, right? Banks did an incredible job, probably the best run I've seen in banks in a couple of years, okay? After a really, really aggressive move into banks, it was now Netflix, right? It was now Netflix to take the stage to kind of kick off earnings for the beta names. And I'm telling you, you saw all these really, you know, really aggressive traders come out and say, well, the stock just ran up 130 points, 150 points in the last three weeks. There's no way it's going to go down. I mean, no way the stocks are going to go up. And they were right. I mean, mentally, right? Technically, yes, of course, 130 point run. How do you expect the market? How do you expect the stock to continue to go high, right? It could be the best stock in the world, logically common sense, right? That no matter what they said on their earnings, the stock was going to go lower. Here was the greatest part about reading market sentiment that especially if you're a new trader, you should really put it into your mental roll of decks. And when you see it happening in the future, you can really kind of spot what's going to happen next. Netflix could have easily, okay? Easily been down 70, 80 points easily, okay? Their earnings weren't really great. The subscriber growth, blah, blah, blah. Again, I really didn't read it. This doesn't make a difference to me. It's all about price action. I don't care what they say. I'm not investing in Netflix for the next 10 years. But they had every excuse, every, even the bulls, even the bulls turn around and say, hey, okay, we get it. Okay, it has to rest. And the greatest thing that Netflix didn't do, okay? Didn't do was blow up, okay? The fact that the stock was down 13, 14 points for the day, two times in the day, the stock almost went green, okay? So that shows you how strong this short-term sentiment is, okay? They couldn't get down a stock that number one didn't have spectacular earnings. And number two had this monster, monster run, shares fully valid at these levels, blah, blah, blah, blah, blah. The most impressive part about what we saw was they couldn't get Netflix down. So if that wasn't even more impressive as far as sentiment, then next morning you had Tesla, right? You had Tesla come out and turn around and say, blah, blah, blah, blah, blah, blah, we're cutting 3,000 jobs. The earnings might be, right? You could have literally had between Netflix's headline and Tesla's headline. You could have literally had the Nasdaq futures. If this was three weeks ago, okay, when we were still escalating lower, if Netflix and Tesla would have had these headlines, the Nasdaq futures would have been down 200 points, okay? But this is how quickly the market sentiment changes. And I've been saying this for years and years and years, okay? The market is never as good as you think and the market's never as bad as you think. There's always that area in the middle of the market, gods are going to make you whole as long as you don't shoot yourself in the foot in the process, as long as you don't self-sabotage yourself in the process, that the market is gonna make everything fair, okay, fair. You might not take advantage of that fairness and you might be blind to that fairness, but the market, I promise you, is not trying to trick you, okay, it's not. It's doing the same thing for generation to generation. You have to really accept technical analysis. You have to take responsibility. You gotta look yourself in the mirror and say, hey, look, this is not working with what I'm doing. Maybe there's a better alternative. And again, I've been saying this for years. It doesn't have to be my way. Okay, who am I, right? I'm an idiot. I'm the king of the idiots. You don't have to trade pivots. You don't have to trade anything that I trade. But the most important thing is find something that you can validate that works, that works consistently. So the most important part of what we saw on Friday that didn't happen was not only the Nasdaq futures, not down 150 points, right? Because again, two prominent members of the QQQs, the futures were up and they were up aggressively, okay. And yada, yada, yada, yada, 300 point rally. And again, you see all these traders and I understand their frustration. Okay, I get it. Okay, I get it. When you don't have a valid process, okay, and you're just trading 25,000 random stocks and you're watching 20 different names that you've never heard of, that you never saw before and you're trying to make a hey of those names, I get it. They're going to trade randomly. They're going to have different personalities. You don't know what to expect. And that's why I trade 95% of the time the same nine names throughout the week. Over and over again. If you see what I've been trading, you know, for the last, you know, primarily six years, realistically, same stocks, Tesla, Netflix, Amazon, Alibaba, and the video has been a phenomenal trader, by the way. Baidu, Square, you know, Square Google, and it's the same names over and over again. Because again, it does represent less retail participation. Again, when you have less participation and more institutional participation, it's easier for them to bully the stock higher, okay. Because again, there's less resistance and the most important part is they're very, very predictable because again, the higher the price the stock goes, right, the higher the price the stock goes, you're going to have a less retail. The lower the price the stock goes, you're going to have more retail. So for example, how many of you guys, right, are sitting at home and you're part of these quote, unquote, alert services that are trading $2 stocks and every single one of these alert services have a thousand people in there, right. So again, the lower the price this, you can have more retail participation. You have 2,000, 3,000, 28,000, 88,000 traders trading the same $2 stock, trying to find for five cents. Well, what do you think is going to happen, right? What do you think is going to happen? The problem is there is no direct correlation anymore. It's only how strong is your quote unquote alert service, how many people can overwrite what you see in market sentiment. So it's incredibly important to just kind of figure out what you want to do, okay. Figure out what you want to do, figure out what's not working, kind of move on and just kind of move on. I know it's hard to cut bait of what you think is been normal. It's kind of hard to cut ties of something that you've been in for a very long time. It's like a bad marriage. You know, people are married 20, 30 years. Sometimes they hate each other, okay. But for some reason they can't cut ties because familiarity breeds contempt, okay. And again, it's so important folks and I'm telling you if you're struggling, I don't care what you're trading options, futures, pivots, shmivots, baseball cards, whatever the hell you're trading, okay. If it's not sitting there with you, okay. If it's not really providing enough value that you can see the light at the end of the tunnel. But what's the point, right? What's the point? Cut it off and go into something new. It's just very, very important. So Friday came, the weekend, big, big moves like two and a half, 3% moves all across the board. Very, very impressive. And now we're kind of getting into, again, another area. Again, keep this in mind folks. We are still in a bear market rally. And again, why do we say that? We're still underway supply, right? Until we get above, and again, we've been saying this for two months now, until we get above this 174 area and clear out supply and have this really, really big gap to fill, we're still in a bear market rally. Again, this is all supply. It has to clear out all supply, but glass half full, the bulls are doing a really, really good job. Now here's our next reflection point coming up here, right? You have the next area here at $166.30, okay. $166.30 is, what is this one now? $166.30 is the 100 day, right? 100 day, again, not a lot of you guys use the 100 day, maybe do, maybe don't, but again, it's a real supply zone. So the next area of interest for the bearers to kind of reclaim orderly trading, at least on their side of the ledger, the market needs to test, excuse me, to test that $166.30. And again, we'll see what happens there. So if the bearers can defend that level, we'll turn around and go lower. If the bulls continue to engulf every single dip and start buying it back, well, we're going to start chugging along. But again, the next measure move for the Nasdaq 100 is this $166.30 level. And then at that point, it will be another line in sand for both bulls and bears. Very, very, pretty good week, man. I mean, really, really good solid week. Friday, I took a midday, okay. And what that means is I was so tired. For all you guys who don't know, I'm watching this for the first time, not only am I trading, sharing my screen, all that good stuff. The live webinar, I'm speaking seven days a week, live company, they told me the whole day, answering emails, speaking to traders. Again, the greatest part about the live webinar, it's all about, it's all about trade and development. It's the one-on-one personal relationship. I pretty much have it at everybody in the live webinar. Everybody pretty much has my phone number. We speak all the time because it's all about longevity. And that really wears on me, at least wears on me. And Friday, I was just so burnt out. I couldn't even look at the screen anymore. I traded Tesla, okay. I traded Tesla, did very well with Tesla. And then I took a midday, okay. I went to the sauna, got myself lunch. I took a dip in the pool. I needed that mental refresh. And I can't advocate enough how important it is, especially for what we do for a living with so mentally intense that you need to be a better friend to yourself. I'm telling you the day is long. You have to give yourself a little bit of a release. Get a massage. That's the only thing I didn't do. I couldn't get an appointment. But you have to be a better friend. You don't need to be down half a million dollars to figure out you're burnt out. You need a little bit of rest. And that's what I needed to do. I wanted to do and I logged off at lunchtime, okay. I logged off at lunchtime. But the greatest part about these pivots are, okay. And I've said this for years and years and years. If you've been following this broadcast for years, nobody needs to be in the trade review. That's the greatest part. These are organic order flow pivots. You don't need some 20 year old in an alert service to tell you to buy a $2 stock of 940% of the data make 10 cents. Okay, these are organic stocks. They're going to trade by institutional money flow. And once they confirm and the second entry gets confirmed again, okay. These things should work. So I hear the pivots and I hear the pivots for the day. And again, we don't cherry pick. This is the morning, right? This is the morning here. This is the morning here. So this is the morning. Let's see what time here is. So at eight o'clock in the morning, again, just kind of review of what I was seeing pre-market. This morning basically is a case study on green sentiment 101. Remove the obvious technical analysis that shows the building of levels that we just discussed a few minutes ago. And I basically wrote, I go Netflix, Tesla, sellers this morning and the cues are green. Okay, and all the levels break out. This is called reading sentiment 101. Whatever doesn't go down, must go up. And we started seeing again, we started seeing stocks get stronger, okay. At some point Netflix went green on the day and we talked about this level here, 253, 254. We'll need to strong build. If you're a new trader, obviously I gave all the risk. Understand that you don't need to trade these things. Second entries are a must for confirmation. This never happened, right? This never happened. Obviously never built, never even got close to there. And then we started talking about Tesla. Tesla, the rejection level was at 329. Why was 329 important on Tesla? Because if you look at the 16 minute channel, right? This was the highest level it put in, right? Everybody see that? This is the highest level put in pre-market. So 329. So I said, if they can build above the 329, you might have a run to like 332, 333. Obviously this didn't happen. So again, we don't cherry pick. This is what these levels are. And once they start confirming, they go. Amazon only went up like five or six points from the 1711 level, 1 to 1716. And then we started seeing really, really aggressive put buying coming in. And the one thing we started, I started really paying attention to this week and started using kind of like a confirmation, confirmation of my pivots are these beta option flows. So we started seeing, for example, flow coming in in the morning, aggressive flow in the video over and over again, sweep after sweep after sweep. It's like giving you an extra confirmation that these pivots are going to work. And we started seeing pretty aggressive put buying coming in on Amazon on the February 1710s and the 1700 puts. And that's why the stock never went. It actually sold off. But here's where the day, I mean, really started getting aggressive. 154 build on NVIDIA needs to build. And we just started seeing the 155 calls come in, the 160 calls come in. They're like really, really aggressively. And that's like the extra, extra super duper confirmation when aggressive smart money is coming on the same side of trade zoo. And you can see in the video just a huge move. I mean, really, really huge move. Here's the 154 break, right? Here's the 154 pivot once it built and started. I mean, look at this move. I mean, huge, huge move. Congratulations for you guys who took the video by dude. Again, option calls over and over and over. They got as high as to like, I think I saw as high as the 185 calls being traded. And again, by do 171 40 needs to build. You can see by do 171 40 was right here, right? 171 40 needs to build big, big move to like 175 auto desk. I really liked the setup. I didn't trade this one. The only reason I didn't trade this auto desk, it was so damn thin. I loved that chart. I was even talking about it at the pre pre market strategy session. I said, Hey, man, if this was like Tesla, I'd be going in with 12 hands. I mean, it was such an awesome chart. It was just way too thin for me. And if you look at the setup here, if you look at the setup here on, I mean, if you go out this candle, look how many times it got rejected on 50 day, right? One, two, three, four, five, six, and finally just exploded through. Just again, unfortunately, again, sometimes liquidity plays a lot of really, really big part of it, especially for me. Unfortunately, I just can't get into these really thinner trades, but if you did, congratulations. Team never got up there. Team kind of sold off right, sold off right from the word go. So never got there. Here was the, you know, here's the trade that I took. And then after this, I just wanted to leave me. I was just so burnt out. So Tesla put in the initial range of three, after the first move, three, 27, 20 to the upside, three, 20 to the downside, early pivots to watch again. We don't care which way the stock confirms. It doesn't make a difference to me. It's all about order flow. It's all about directional bias after confirmation. So for me, I was very, very happy buying it above and I was very, very happy shorting it above. Again, I always trade Tesla. So no matter how I tire AM, I'm going to do it. So here was Tesla. Here was the trade on Tesla and this was a pretty, pretty good trade. This is a pretty good trade. So here was the 320, right? Everybody see this? 320 is the low of this candle. 320 is the low of this candle. And 327, 327 was the high of this candle. So something had to give, right? Something had to give. And the stock broke that 320 level, right? And again, we don't short it on the initial break of the pivot. We use something called a second entry. If you watch the workshop, we go over the four hour workshop and knows you what the second entry is. And basically it's letting the stock go through the pivot, establishing a new low, in this case, a new low. So it established a new low. I think it was like 1930s, right? I think we traded out to 1930s, spiked back up. And once it went through that 1930s, I think pretty much everybody shorted the stock and this thing just got murdered. Went down to like 16, like really, really aggressive move. So that was like my, my, my only trade of the day. I was just, I was just so mentally wiped out like I needed a me day. It was so, so important to kind of get that refreshment and re-energizing into my soul. So beautiful move there. I mean, gorgeous move there. I was very, very happy with it. And then things, and again, again, guys, again, we don't have cherry picking here and here's the most important part. So then you started seeing right before I left, you can see here at 1150. Again, and I said 31720 now is to the upside and 314 down to the downside and that's the ranges for the rest of the day. And this is where I logged off. I put in two pivots here. I assume I put in three pivots here for the rest of the day. So 31720 on Tesla, 314 to the downside. And this was when I saw this, when I came out, you know, came out of my, my, my spa day. Here was what we talked about. So here was the pivot right here, let me see, 314. Yeah. So here was it right here. 317 to the upside, excuse me, 317 to the upside, 312, 314 to the downside. And this thing just got annihilated. Went all the way down to 299. Just absolute murders for all you guys who did catch it. Phenomenal trade. I mean, really, really phenomenal trade. Then you had Netflix. I put this in right, it also 341.14. If it builds below can flush. That was a sneaky pivot on Netflix. Again, here's the 314. Oh, here it is. Here's, here's the candle right here. Again, the lowest candle into supply, which is right here. 314, 341.14 area. Went all the way down to 338. So good job there. Amazon doesn't look like it made it back, but I still think Amazon goes higher. If it could just reclaim the 1706 area. Obviously this level never got triggered as well. And that's it. And that's it. You can see the option flow. You can see the option flow from Friday's session. And you see the pivots that we have lined up for Monday, at least initially. So good week. I mean, really, really good week. Again, I can't emphasize enough, especially if you guys in the live webinar, we have so many of these transplants that used to be small account traders now to train beta and just it's trading beta exclusively. And I'm telling you, it's, and I've said this for years, it's so much easier to control Tesla than control a random $2 stock that's up, you know, 830% from the day. Okay. And I'm telling you, until you really see how much control you actually have these things and how the RIS define platform really reflects on your process, it's really, it's one of those misunderstood things until you actually see it. You'll never really appreciate it. So again, if you're struggling, I mean, if you're struggling to do what you're doing, that has to be a better way. And you know that I think it's self reflection time. You have to look in the mirror and say, how long can I continue doing what I'm doing until I'm completely burnt out mentally or I'm completely have no more money left to trade. It's again, it's self reflection time. Nobody else can make these choices for you. You have to man up. You have to woman up. You have to adult up and you know, make a conscious proactive decision to say, Hey, do I really want to be a professional trader? Do I want to do this for 10, 15, 20, 30, 40 years? Right. If not, you know, you'll do something else and there's nothing wrong with doing something else. But again, we're talking about trading. So again, it's the reflection time. You have to make a choice. You have to make a proactive decision how you want to proceed with the rest of your career. So going into this week, you know, I like, you know, look, I think you got to get the bulls to benefit of the doubt. Once it hits 166.30 on the queues we'll obviously reevaluate if we start seeing some stocks not participating in these rallies. Obviously we'll start looking for these names breaking down on the 60 minute view. So let me give you guys some ideas that I do like. You know, I like some of these Chinese names. I like IQ. I like Huya. Pretty good, pretty good looking charts. IQ looks good. It closed right above supply. If it can reclaim this $19 area, I think the stock goes. Pretty good option flow on this thing on Friday. Huya is pretty much the same thing for you guys are trading non-beta. I think it just needs to reclaim this $21 area here. I like eBay. eBay looks pretty good, man. I haven't traded eBay in a long time but eBay looks great. I mean, first close over supply, you know, close at the high of the day. So either looking at this thing either red to green for your aggressive traders or opening range, 60 minute highs for a possible measured move to roughly this 32 area here. What else do I like here? I like this FISV. I think FISV looks good. First close, again, big, big three-day move but first close over supply. If it can reclaim $78, I think the stock can go. Again, this is a free trade. And the reason why I say that is stock closed at $77.82. You're buying it through $78, right? So you're risking, what, $0.20? If it comes back to red, you're risking $0.20 to possibly make $2, it's a free trade. I like that. I like this, what's this other one I like? I kind of like this work day. I've tried to work day maybe a couple of times in my life. Let me look at the chart. It's pretty basic here. If it could just reclaim this 173 area, this shot against the 176, beautiful move. And Tesla, here's the magic number on Tesla. Again, for me, I traded long this week. I traded short this week. It just doesn't matter. Okay, so anybody who's telling me their opinion about Tesla, what's going to happen, three weeks from now, again, save your breath. I mean, obviously, does it really matter what you think? Does it matter what I think? It's all about price action. The market's going to dictate eventually where the stock's going to be. Eventually, it's either going to be a $10,000. It's going to be a zero, right? Right, social media? If you poll social media, next week, Tesla's going to go to zero, so they go to $5,000. Please, enough with the theories, enough with the Tesla Qs, enough with the Tesla's going to $1,000. Let the stock play out. Okay, let the stock play out. Let it dictate to you where it's going to go next. Okay, very, very simplistic case of technical analysis. And by the way, I'm the king of the idiots. And so if I don't know and I'm the king of the idiots, you're probably a guess as good as mine. So again, technically, look, what can we do with this thing technically? If it starts building below $299, right? Is there a trade? Absolutely. $299, I'm going to keep an eye on this. The macro number here will be $294. And if it gets $299, build, it could get to $294. If it breaks $294, it could get out to $84 and yada, yada, yada. But again, let's not put the cart in front of the horse. So I want to wish you guys an awesome three-day weekend. Tell these the days long. Treat yourself, be a better friend to yourself. Get some rest, do some work. Obviously, do some work, but definitely, definitely get some rest and be a better friend to yourself. You will thank yourself for it. Guys, God bless you. I love you all. I'll see you all on the field. Take care, guys.