 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 evening everybody, and welcome to another edition of theaccessitrader.com. This is a weekend update show. The only difference is it's not the weekend yet, and it's not good evening yet. It's actually, when you look at the clock, it is actually 1.45 in the afternoon on Friday, in case you didn't know, the market closed at 1 o'clock today on a shortened day of trading, right? Again, before we get started again, I want to thank everybody for tuning in. If you are brand new to the channel, please like, share, and subscribe, and we'll continue to give you an unbiased opinion on what we see in the market. If you are looking for a more unbiased way of trading, we are running our Black Friday sale for the live webinar. So for all you guys who have been caught on the fence and say, maybe I should try and maybe I shouldn't, guys, put it this way. I've been doing this for nearly 25 years. I've created a PS60 theory based on supply and demand. That's all it is. It's not opinions. It's not commentary. It's not biased. It's all about supply and demand. So if you are interested in the wonderful world of pivots, come check it out. The 30 days. See if it's for you. I promise it's not for everybody. It's a very patient way of trading. There's only six candles of the day, but it will definitely give you a different dimension, a little bit of a different view of at least how I look at the market on a day-to-day basis. If you are interested, I'm sure there'll be a link below that you can check out for the next, it's running for the next three, four days. So for all you guys who are interested, I'd love to give you a kind of a good source of kind of what to expect and what to see on a day-to-day basis. So my mom says all the time, no news is good news, right? And what that basically means is the ship is just going straight and there's decent waters. We don't have to worry about rough waters ahead for a potential storm. There's always one out there. We're always aware there is a storm out there. But if it's so far, so now, there is no news. And that's good news for the bulls. If you look at this whole tremendous V-shape recovery and we are what? We're about a month, a month left to the end of the year. Phenomenal. Absolutely phenomenal move for the bulls, especially in the last three weeks. Again, if you've been kind of under a rock, the keys have gone from 342 all the way up to 393 in the last three weeks. And there's just been no pullback, right? We've been watching for it. We're ready for it. There's absolutely no pullback. The market continues to kind of sit and grind higher on this five-day moving average. You can see it. Here's a low, higher, low, higher, low, higher, low. It's all higher lows on the five-day. When the market starts losing the five-day, that's when we'll start to look for an aggressive back test. But for right now, it's a feel-good market. We talked about this a couple of days ago and the market just continues to grind higher. So instead of kind of trying to figure out 12 different angles or having a 12 different type of view is what's going on. I figured, hey, let's just look at some individual charts. The charts that I trade, the charts that are my focus, and I try to give you guys kind of, again, an unbiased look of what I'm looking for for the up-and-coming week. Again, if you look at the scoreboard, S&P up another 1%. The Dow was up another 1.3%. And the Nasdaq only was up 1.10% of a percent. But don't worry, Nasdaq's up 46% for the year. Other than that, we saw a temporary ceasefire or kind of truce that's going on in the Middle East, exchange of hostages and all that stuff. Hopefully that will kind of play itself out with the least amount of casualties to come. Everybody could say a prayer for that. Other than that, hope everybody had a great weekend. Hope everybody is not in a food coma. And hopefully everybody is ready for the last lap, right? The last stretch of 2023 before we tackle all the goodies and all the nuances and all the moving parts of 2024. So like I said, instead of going through 12 different type of scenarios going into this week, we know we're just watching the previous day's range for a potential back test that never comes. But let's take a look at individual names, right? The names that I trade, the 10 names that I like to focus on to see if there is an edge for them for the up-and-coming week. Let's start off with Tesla. So here's what's going on with Tesla. So we had two really aggressive pivots to the upside this week or the last two weeks on Tesla. The first time when it reclaimed the 50-day moving average, the second time it reclaimed the 50-day moving average, the common denominator in the last two big trades above the 50-day moving average on Tesla was it failed, right? It absolutely failed. It's been now twice in the last two areas of the macro trade that I had a really good move on the stock of five, six, six, seven points on it. I had a runner, and guess what? My runner got stopped out the same way my runner got stopped out right here. My runner got stopped out on, was it, on Wednesday as well. And today you kind of saw Tesla trying to reclaim back the 50-day moving average. It looked good for a while. We called it a nice little move on Tesla, like $1 in change. And then it kind of faded back, right? Got rejected and closed below the 50-day moving average. Here's what Tesla needs to do, right? From both sides of the market. You see the top of the channel here, and this is kind of what we were talking about, the top of the channel here for Wednesday's video, okay? The top of the channel here will clear out all supply. Basically, it will end all debates, okay? Whether the stock is good, bad, or indifferent. That's what the bulls need to do. They need to reclaim the top of the channel here, the 1115 highs to start moving aggressively higher. What the bears need to do is fall back into this whole supply zone, right? This whole demand zone and turn it into supply, which now becomes roughly the 200-day EMA. Everybody see that, right? So you see the top of the channel here, what it needs to reclaim, which is the 100-day SMA, and the bears need to get back below this 200-day EMA. That's it. In between that, the stock is kind of going sideways. The stock is attempting to rally. Then it gets rejected. The stock is attempting to sell off and moves back up. So we're kind of stuck in this little cluster. But at least we have a title data point, which to look at the 100-day to the upside, 200-day to the downside, right? And the weird part about it is every single time it gets back above, right? Back above supply and you say, well, this is going to be the run, this is going to be run, and next thing you know, it fails you and it disappoints you. And this is why we always say, guys, take money on the way up, right? When you're up two, three, four, five, six points in a trade, don't just sit there and look for another 20. Take your money off, okay? If you have a runner, what's 15%, 20%, 10%, whatever the case may be, maybe that runner will get you that extra five, 10 points. But in this business, there are no guarantees. And as much as we think we're smart enough, we know where a stock potentially could go, until it clears out supply and demand, it won't. And that's the name of the game. So going through this week, guys, we're watching the 100-day for confirmation to the upside, and we're watching the 200-day EMA for basically a confirmation back to the downside. Let's talk about NVIDIA, right? So NVIDIA came out with super earnings, right? Absolutely super earnings. They blew out their top and bottom line. They exceeded guidance. They rose guidance, all that part. The problem was, and we talked about it ahead of earnings, the problem was the stock already ran up like 115 points. So the question was going into earnings was, well, was the stock baked in, right? Was this last move baked into this last run? Well, we got our answer. It was baked in. So now the question is, what does NVIDIA have to do to reclaim both sides of the market? So let's talk about it. So you can see here, we had a nice reversal here, right? Really nice reversal here. On Wednesday, we talked about this 490 channel. It finally broke when all the way down to this 476 level. And today, put in an inside day, down another nine points. Now, before you turn around and say, well, the stock can't go any lower, it can. And before you turn around and say, well, the stock is still over exhaustive, it can't go higher. Oh, no, it can. And that's why we talk about both sides of the market. So today, put in an inside day of Wednesday sell-off. That's obviously not a good thing. So come Monday morning, I will be watching this whole range of this rising 20-day support. If it starts losing this rising 20-day support, guess what? It has room to the downside. Again, it had a 115-point run-up. It only gave back like 20 points. You don't think it can give it back another 15, 20 points? Right, of course it can. What the bulls need to do is go back and reclaim this five-cross 10-day moving average, which is roughly in the 490s. If they can start reclaiming back in the 490s, then yes, this little mini downtrend will get broken and the bulls will seize control. So 20-day breakdown for the bears and 10-5-day cross back to the upside for the bulls. Look at Amazon. Amazon's doing fine. There was a one nasty reversal a couple of days ago. If you guys remember, Jeff Bezos was selling stock and now we know why he was selling stock for. They were buying some iRobot, apparently, allegedly. We don't know if that's exactly the reason, but he sold like 1.7 million shares of the stock. And if you look at Amazon, Amazon actually is holding up very, very well. So if the market continues next week, let's start looking at the high from two weeks ago. If it starts taking out this channel here, maybe it starts pushing into the 150s. Again, they're going on like every other retailer and everybody else for Black Friday, Cyber Monday. So we should get some indication of what's happening in Amazon's world probably in the middle of next week. So that should be very interesting. But for right now, it's holding above the 5-10-day moving average and it's nice channel here, nice flag that continues to build. Microsoft with the whole saga is this guy leaving and if he's not leaving, is he coming back? Maybe he should leave, maybe he should come back. We don't know what to do. Stock is holding up very, very well. As you can see here, big massive grind up, even when they try to sell off the news into the 10-day moving average in hell. Then right now it's just kind of grinding into the 5-day moving average. Microsoft, for it to go higher, it really needs to go sideways. This is one of those names that really put in a pretty big run. So it really needs to go sideways. What we need to see here on the downside is if it starts losing this rising 10-day support or if it starts going sideways and takes out the highs from several days ago, then it'll move up higher. Meta's same thing. Meta's holding up incredibly well. We have a carbon copy of Amazon's chart. It's just sitting here grinding. Moves up, goes sideways. Moves up, goes sideways. Nothing really has changed there. When you look at Meta, when you look at Apple, Apple got a little tired. Apple got a little tired putting this inverted hammer here and this is the first close below the 5-day moving average. It didn't quite make the 10. The one thing we do have to watch when you see this inverted hammer and a close below the 5-day moving average, the first thing we should watch going into Monday's session is the potential of the violation of the 10-day moving average because if it does violate the 10-day moving average and starts getting below, then you have some airspace down below to the 20-day moving average, something very, very interesting. One of the very few names that actually lost their 5-day moving average on the close from Friday. Shopify continues just to go absolutely insane after its earnings move. Again, every single time it hits the 5-day moving average, which is orange line. It keeps on bouncing, bouncing, bouncing. Again, if you are looking to play Shopify, play it on the 5-day for potential bounce. Those bounces work very, very well. Just ask all those people who bought Amazon today on the 5-day bounce. It works incredibly well. AMD, again, another earnings runner, earnings winner. Again, you can see here it keeps on bouncing off the 10-day moving average. This is a play that you want to watch into weakness. Again, these stocks need to breathe. First move into the 10-day. Keep an eye on this thing for potential bounce. As you can see here, last time it hit, the 10-day was 11-16 bounce. Then on the 21st hit the green line again, the 10-day bounce. Watch this rising 10-day moving average there as well. Some other names that are looking pretty damn good. We talked about this on Wednesday. Snapchat is breaking out. This is the first close above the range. We talked about Target. This is Target's highest close in this whole formation. Maybe this thing finally starts waking up. Look at a mean like Roblox. Roblox had a big run, then came in into rising support, held it. Now you see how it just got rejected today off the 10-day moving averages green line. That's the same place it got rejected on the 11-20 highs. Keep an eye on this thing. If this thing starts building above the 10-day moving average, Roblox could wake up as well. Keep an eye on that. Some of these bank stocks are flagging as well. Look at Goldman. Tight, tight flag on Goldman. This thing looks really, really good. AIG we talked about a couple of days ago. It's starting to flag and grind higher. This looks really good. Some names in the insurance space. Look at MetLife. Look at MetLife. Just train higher. We're in a healthy market, guys. We really are in a healthy market. Again, going into this week, for us to really start looking for a back test, we have to at least put in one day of lower highs. And so far, we haven't seen that boy in quite a while. It really does show you how strong and aggressive this market is. So again, guys, if you are on the fence or are interested or intrigued, you've been following me for years and years and years, and I get this cold conversation all the time. I have people follow me on Twitter or on YouTube for years, five, 10 years. And they ask me questions for five, 10 years. And all I say is, hey, just come into the webinar for 30 days, check it out. And the same response is, I can't believe it took me this long to get here. Yeah, that's the whole point. Guys, we have 30 days. Kick the tire. See if it's for you. Is it for everybody? Probably not, right? But if you are patient and you believe in technical analysis or at least want to be exposed to technical analysis through the common view of supplying the man, this is something to be very, very cool. Guys, have a great night. God bless. Have a great weekend. And with God's help, we'll see you all Monday.