 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 to see you, everybody. Welcome to another edition of the AccessaTrade.com Nightly Wrap-Up Show. Hope everybody is doing okay. So, let's talk about it. First of all, the big headline of the day is China, the United States, apparently sized, signed phase one. Okay. That was it. That was it. That was the global headline. More important, guys, again, we don't do these videos, well, I don't do these videos to talk about, you know, the macro events. Again, there's 3,000 websites. There's, you know, 200 million blogs. You can go on any one of them. They'll tell you exactly what happened throughout the day. Again, we're speaking from the trader's point of view of what we're all looking at and what we think might happen tomorrow and what we can do to not only put ourselves in the position to thrive, but again, really protect our capital. So yesterday, again, had a really funky day yesterday. I just, you know, lost some money yesterday. But I noticed something happened. And I described it in the video as it felt like the mother and the father were staying together. Okay. We're really staying together for the sake of the kids. So what I meant by that was everything was all great on the surface. But you could start seeing something called buyer strike. Now, again, before you turn around and say, oh, God, this guy's calling for a bear market. No, relax. So we've been on a linear run, right? We've been on a linear run. We all know gravity is real. We all know at some point the market is going to come back, even, you know, even a small back test into rising support. You can see even going back to several months, any time there is a big rally, there's always some sort of areas of rest. So again, let's sit here talking about Armageddon, the market's going to zero, Tesla's going to 300. Oh, everything's going to go to hell in a handbasket. What we're talking about is a potential buyer strike. And what a buyer strike happens is when you have a linear move up, right, when you have a big, big linear move up, eventually the buyers get tired, right? They just cannot fathom chasing the same names over and over and over again. And all those days that we had with big, big expansion channels, slowly but surely they're starting to get smaller and smaller and smaller and start to shrink. And eventually the buyers get gassed out and kind of take a step back and, you know, the bears come in pumping their chest and everything is so good, they get their two days worth of self and back to all-time highs. I'm just being, you know, I'm just being sarcastic, but that's what happens. And the problem is when you get a linear move upwards and a linear move downwards, this buyer strike to the upside and seller strike to the downside is very real, okay? And what happens is most traders, you know, they can't identify this, okay? They can't identify this because again, for them, well, it's just a rest day, right? What's the big deal? The market can't go up forever, the market can't go up every single day. It's a rest day. But if you've noticed what's been happening to kind of the common denominator of what's been happening as the market's rising very, very aggressively, okay? Even the days that we had rest days on the indexes, there was still powerful moves, very, very exaggerated moves and, you know, a number of stocks like a Tesla, like a NVIDIA, like a beyond, you know, stuff like that. And now we're starting to see the market, you know, pretty strong, right? Pretty strong. But now we're starting to see the names that were really aggressively going up. They're starting to kind of get a little bit calmer, right? Get a little bit calmer. They're starting to take a little profits off the table, you know, BYND came in today. Again, we talked about BYND in last night's video talking about, well, there was an inverted hammer, right? Inverted hammer on BYD, which was bearish, and then we had that PR that came out. I still don't remember the company's name that they had the PR with. And then this morning, they downgraded and took it right down to, you know, not quite, but right down close to the five-day moving average. So again, the way it got there was a downgrade. But again, this has kind of set the tone of a negative tone. And again, all those coal buyers are coming in on Tesla, right? All those coal coming in. And again, they still could be right. But again, when you have such a magnificent run, and this is nothing short of a magnificent run, not only are you going to get buyer strike, right? It's talking about how could I possibly buy Tesla? It was $400 like three minutes ago. Now it's at $550. How could I possibly get loaned this up? Again, this is what's happening. And now you combine that with, well, we start seeing a little bit of technical damage today. We'll talk about, it was a very, very aggressive pivot towards end of the day. Unfortunately, I logged off. I logged off only to get my daughter from school, and I missed that whole move. But you could see, we'll talk about that in a second, you could see where its next support is going to line up. And I think it's going to get there. I still think there's another $10, $12 on this pullback here. But the most important part is, again, even when we started seeing stocks make very, very aggressive moves, the moves today were very, very somber into strength, right? We're only talking about the strength. There was a lot of value today on dip buys, okay? There was a lot of value today on the short side when things confirmed. But there wasn't a lot of value. And this is very, very surprisingly, there wasn't a lot of value today on names, right? And again, keep this in mind. The Nasdaq composite was up the whole day, right? So they started selling off on this phase one news, but nothing moved. I mean, nothing was up. And you had, you know, had really, really aggressive potential setups. Like again, Netflix we talked about, you know, right? Netflix we talked about. And usually when you get a setup like this, right? You get the top of the supplies over here at $341.40, right? $341.00. On a setup like this, if this market was really, really strong and the buyers were just kind of all over the place and just wanted it, this thing would have been at $345.00 in a couple of minutes. And you can see here how, again, they just got up there, put up a $40.50 set move and they're like, ugh, leave me alone. And the stock sold off. Same thing, for example, like on the square, right? So I took, just to give you an example, like I took square long this morning, right? I took long, and it went up like 30 cents, right? 30 cents. And then it came right back in. And then finally later, it got a little bit stronger. But again, you have such a long duration of a breakout. You're talking about going back to November to November. I mean, we're in January. See, it's about November, December. You almost have three months of consolidation. Again, if this was a week ago, and you have such a long distribution channel, you're going to get a lot bigger move than 60 cents. So again, here's another, and again, example of people are getting tired. Now again, is there a move still to the upside? Yes, absolutely. Still very, very strong. Some option flow coming in on names that are very, very strong like ZM. I think it's going to have another big run tomorrow, like a stock like SDC. I didn't even notice till today, but we're in a really, really big call buying coming in on the 14s, the 16s I even saw. But the stocks that I trade every single day, right? The testers of the world, they're tired. The Netflix can't follow through with Amazon again, since its own personnel. You guys remember like four or five days ago, and I said, you know, this is my last day, I'm done. We took a modest profit in Amazon, like four or five bucks out of four-day holdable things. And I said, I'm done with this thing. I mean, how long can it possibly have to finally move? And again, it didn't. And the stock two days later goes all the way down 35, 40 points. So again, something's wrong with these things. Again, call it a buyer strike. Call it the market just needs a break. Call it whatever you want. But again, our job as traders is to adjust to what we're seeing. So for example, tomorrow, I know the market's tired, right? I can see by the stocks that we trade. So the value of tomorrow, at least on beta, right? At least on beta is neutral to negative. You have to. Again, how can you show any evidence of market bias, at least for the short term? And again, it has nothing to do with the queues, the spies, or anything between. Just the names that I trade, again, Amazon's week, but it's going to get it higher. Again, granted, really good size buyers came in on a dip today for the 1900 February calls. It's going to cover their earnings. I get it. People are positioning for earnings. But again, when a Netflix can't rally out of a very good two day 60 minute range, only goes up 50 cents or so. That's a sign to scale back and start looking not necessarily at other things, but I have. I started looking at other things. But trying to take advantage of those other instruments into rising dip buys. Again, we talked about, for example, we talked about the pot stocks for a couple of days. I said, you know, I think you may have another stock, another run, and they had their run. You had that three day run. And now again, they look tired. Is this, you know, is this group ready for reversal coming into tomorrow? I think they are, right? I think they are. I think if they gap up tomorrow and go into supply and get rejected. Yeah, I think they need to start moving lower tomorrow. Or tomorrow again, you had a big run on TLRI, for example, from 15 to 22. This is day three. If they gap up day four into supply and get rejected, I think the whole group comes in. So there's going to be value. Is there's value tomorrow, for example, on Tesla? Absolutely. You've got a 3,000 point run up in three weeks, right? Here's the rising, you know, rising five day support, right? If you believe in the theory of stocks to trade from supply to supply to demand and demand. Then again, any gap up tomorrow on Tesla, this thing starts validating today's low and confirming, there's another $10 in the trade. So again, there is value tomorrow. But again, what's good about a market like this, or I don't want to use the word good, but structure in a market like this, you could clearly see the strong players and you could see clearly the weak players, right? Very, very clean. And from the macro point of view, and this is kind of what we start talking about, the dreaded rounding top, right? If all you guys have been following my video or have been in the live web bar for me for almost, you know, over nine years, you kind of know what the rounding top is. A rounding top is an exhausted area of the market that buyers are tired. They don't want to commit anymore or anything real. They realize even the biggest macro bull or the permable, we need a rest. And you start seeing this kind of rounding top form at the top of the levels. And again, the craziest part about a rounding top or a potential rounding top, again, I don't like to paint anything into a corner, but this is at least what I'm seeing as examples of evidence that I'm, you know, I'm viewing for myself. What we see is a rounding top usually means there will be strength and weakness in the same day. Okay. And a lot of people will get their accounts churned. If you don't properly identify what you're looking at, you will churn your account because one second Tesla's rallying, the next second is selling off and then you sell the bottom and you're covering the top and the Netflix rotation and Roku goes higher to get rejected. So you're going to get a lot of mixed messages. It's almost like an awkward first date. Okay. Maybe she likes me. Maybe she hates me. This is my breath smell. My tall enough for her. Do I drive a nicer car? Well, what does she do right now for a living? Do I even like her? So there's been a lot of mixed messages for the next couple of days and rounding tops, they don't form in one day. They form tops, plural. It's about a four to five to six day event. And once you start seeing lower highs, lower highs, lower highs, and especially we have to watch out for this two, 19 and a half level on the cues. If that starts moving lower, the markets are going to go lower. Again, I know it's crazy here. I know there's a lot of young kids in the room, but yeah, markets do go lower. Shh. Don't tell anybody, but it's crazy. It's a very secret rule of tape. Gravity is real. So we're going to have to watch this pivot here and this macro pivot going into the day tomorrow, this 19 and a half, or at least going for the near future and try to pick out good spots, both longs, both shorts. Don't commit to aggressive moves. Okay. Do not commit to aggressive moves. Scout. Just scalp the market. Use measure potential. And the most important thing is, most important thing is just use cash flow. Use cash flow, both long and short. You know, there's some pretty decent pivots today. Okay. You can do decent pivots in names that names that we're kind of odd, right? We're kind of odd, like, you know, kind of odd, like, like, like, for example, like OSPN and an APLS. But there was also pivots in square. There was also pivots in Netflix. And this was the big one. This is the big one that really got pretty hammered here. 524 is the bottom channel. If it builds, blow can flush. And here's the levels, 518, 513, 505. And I logged off to get my daughter in the stock I destroyed. Absolutely. We're not like six points or so, or eight points, excuse me, eight points or so. So pretty big miss if he did catch it. Great job by you. But the oddest trade of the day, for sure. Okay. The oddest trade of the day was NIO. And usually, again, it's not something I would trade. But again, you know, I was looking at beta. I go, that's not here or not there. And there was all this coal buying coming in. You know, you had the fours, the fours, the fives. I was like, all right. So we're waiting for a dip on this thing. And I bought the, I mean, I'm talking about, I bought the dip perfectly, like, like, perfectly, like literally at the bottom of the range. I even tweeted this out. I said, hey, 428, 430, this thing holds this level. It's going to go back to the highs. And it went perfectly. It went perfectly. It literally went back to the highs. And it just, it, it, my highest sale was literally within a penny or so right through the highs. Just, just because it kind of keeps on getting rejected here. And this is why we always talk about always make sales. You just never know what happens. And then next thing you know, the damn thing gets hold. Right. Damn thing gets halted. And I'm like, okay, that's not good. And the one thing that saved this whole, if you saw the news, first of all, the speculation why it went up was, was a speculation that they were going to get funding. Again, this is not Tesla. They don't tell me this is the, the next version of Tesla. It's not okay. They, they, they're strapped for cash. They need money. And the rumor going around that they got funding secured, right? Funding secured. Funding secured a billion dollars, which is going to be a game changer. And the next thing you know, right? Next thing you know. So I sold a good chunk of my position. I got a runner left and a damn thing, you know, because again, it just couldn't, and again, I'm not in the, in the praying business. It couldn't, it just could not get through this level. You know, one time, two times, three times, four times, five times, how many times can you give it? Right. Got to make some sales. Got to lock in your money. It gets halting, right? It gets halting. And, um, waiting for the news, waiting for the news. And obviously I'm not shmuck. I know something gets halting in the middle of the day. That's never a good thing. And they come out with news basically saying that, yeah, we're not any close to getting anything deal done. And I said, oh crap, the stock's going to go down. And again, in my mind, you're always thinking to yourself, the worst case scenario, oh my God, they can open this damn thing up at three, at 350, at 375, I'm going to get killed. Oh my God, how could it happen? What's the chances? Here's what we had going for us, right? Here's what we had going for us. Number one, NIO, there was no materialistic news anyway to get this thing up. It was only speculation. So speculation cannot be sold as a material effect. It's just speculation. You're speculating a stock as they get FDA approval. So that's what we had going for us. Second of all, the stock trades with a specialist. A specialist's job is to maintain an orderly market. So there was no specific material in news that really had the stock being halted. So there was absolutely no reason, at least in my thought process, there was absolutely no reason for them to kill the stock. Again, remember, when the stock gets first halted, I'm thinking worst case scenario. And I finally see what the news is, or lack of news is all speculation. And I even said this in a live webinar. I said they're probably going to open up this thing. And again, I had my fingers and toes and everything in between crossed. But I said there's a chance because there's a specialist, and he has to keep an orderly market, because there's not fresh materialistic news, I wouldn't be surprised if they opened up anywhere between the 20s and 30s. And if that was the case, you know what? If I could take break even on the balance, we're up a little bit, that would be fine. They open up the damn thing. They open up the damn thing exactly with, I mean literally maybe 3, 4 cents away from the halt. Obviously I start hitting bids. I get out of the damn thing in the mid 30s. Which was fine. I just wanted it out. And it went all the way down to 406. Again, where we got lucky, where we got really, really lucky was, if this news came out after the close, and the specialist is not maintaining a fair and orderly market, which is his job, we would have been having this conversation at 375-350. So just yesterday, when I said, oh my God, I felt like I was in a prison scene with BYND. How could I be so unlucky? The market guys, and I said this yesterday, how could the market guys will kind of make you whole, even you out. It'll make you some crazy stuff throughout your journey, and it'll save you along the way. So today was a perfect example of we got saved. Because again, if this happened after hours, we'd have been having this conversation probably 75 cents to a dollar lower. So thank God for small things. So going into tomorrow guys, let me give you guys some ideas. I do like these pot stocks. If they gap up, right? If they gap up and they get stuff that's supplied, they start going green to red. I will be looking for channels to take advantage to the downside. I like this ZM, I like the ZM Zoom. I actually use for our live webinar, I use Zoom as our interface. Is it a coincidence stock is getting stronger? Just saying. Switch to it. It's getting stronger. Really aggressive coal buying, they came in all out of the money, all out of the money. The highest I think I saw it was like 85. So I'm definitely watching that for tomorrow. Let me see what else, let me see what else I want to talk about for tomorrow's session. I kind of like this SDC. Again, I don't know what this thing is, but I want to continue to look at this thing on dips. I want to see on dips. Looks like a recent IPO. If we can get a good washout tomorrow, I'd like to pick some up with the 60 minute channel, or if it starts confirming this $14 area, maybe it goes higher as well. So guys have a great night everybody. Please get to morning strategy early tomorrow for BYMD and Tesla and everything else in between, just to see if we have any edge there at all tomorrow. Because again, rounding tops make things a tad, a tad uneasy, so we have to be a little more selective. Obviously I think dip buys into support is going to be much more important tomorrow than buying into strength. Again, if this is how I see going into tomorrow, you're going to have to see the same thing, buying into strength, not the way to go. So guys have a great night everybody. God bless and I'll see you all tomorrow. 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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