 You will see there's names that you could do very, very well. For example, Tesla. All you need is Tesla. Tesla confirms this $15, $20 worth of options. 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, happy Monday everybody. Welcome to another edition of the Access a Trader.com nightly wrap up show. Hope everybody is doing okay. So quite a rally today. Over the weekend, big, well, big stimulus, stimulant came in, came out. Question was, how is the market going to respond? Futures open up. Sunday night, futures cash market opened up. Futures are up about 200 points or so. And the question was, what was going to happen next? If you look at all the data for the last several weeks, you know, well, you know, information is all out there for everybody to kind of understand. You had the whole weekend to kind of digest of what your game plan was going to be like coming Monday. And initially, of course, I was still sell bias going into the weekend, especially after Friday's really exceptional day, a lot of very aggressive polls. But once you have stimulant on the table and you have concrete news that, hey, the government is coming out. They're going to help everybody out. The money is on the table. Now the question was, how is the market going to respond? How is the market going to kind of embrace the news that a lot of people are going to get helped out? And the most amazing part was the same game plan that I had on Thursday going to Friday's session was exactly the same game plan I had, you know, from Friday's session coming in today. I wanted to see the bulls prove me wrong. And the one thing that I keep on reiterating over and over again. And I said this numerous times over the weekend. As long as you know your levels, right? You know where the sell bias is going to come in when more sellers are going to come in. And if you know where the more buyers are going to come in, that's when you're safe. When you are stuck and painted into your bias, nothing could ever happens. You're sitting there like a deer in headlights. You're hoping a night's going to come, a shining arm isn't coming and help you out, it doesn't work that way. And what we saw today was a perfect case of two things happen. Number one, the market really embraced the stimulus news. That was one, number two, we talked about on the video, the futures markets dictated higher prices this morning. And they started confirming the two levels we talked about on the weekend video, that 319 level. It was the double cross between the five day moving average and the 50 day, which was very, very important. We highlighted the bottom of this channel here over the weekend as well. 311 to the downside, 319 to the upside. So there wasn't any surprise. There shouldn't have been, especially if you did your homework over this weekend and did a macro, just a macro back test of the Russell, the S&P, the Q's and the S&P 500. You were prepared for today's trading session. Maybe if you came in with an inventory, a whole different story, but the point is, like for me, for example, I come in flat, majority of the times, it's very, very easy for me to switch bias only when technicals turn around. And the one thing that I will say about today's session is very, very impressive. Number one, I kinda wanna show you guys, this is from this morning, okay? These are the levels we put on. Macro levels from any closing basis, 319, 320, bullish, obviously we had a huge run today in 311, bearish. And we kind of played the market out on that point of view. What I didn't like about today's session and when you go through your homework today, you'll kinda see it. With a 600-point rally in the Dow and a 300, almost 400-point rally in the NASDAQ, the NDX, you would've thought there was gonna be a lot of big value today. And the one thing that we did to see, although there was some things, and again, I traded some of the video to the downside that confirmed, I traded a couple of smaller cap names, but if you look at today's action, this was one big dead cap balance, okay? It was literally a dead cap balance, reclaiming the 50-day moving average on the Qs. And if you look at a lot of stocks, they were really in middle of the channel so much of the day. And if you kinda look at where we are right now, you'll see why, right? And this is kinda exactly where we came back from the last several times it rallied and got rejected. If you can see here, it rallied here and then got rejected, rallied here, got rejected, and it rallied back to this level. So on the surface, when you look at today's closing, you turn around and say, wow, this is great, right? The bulls reclaimed, the 50-day moving average, all is good in the world, right? Death to the bears, blah, blah, blah, blah, blah, right? Unfortunately, when you look at charts tonight, you're gonna see a little bit different picture. You're gonna see a lot of names that are still stuck in channels. Although there's some names that look really good for tomorrow, like a lamb research is very, very close to really busting out. Even Tesla, okay? I don't think Tesla's out of the woods by no stretch of the imagination, but had a pretty good run today. It reclaimed the five-day moving average, and if it starts confirming taste price action, maybe we could get a move tomorrow of a 735, 740. Is it gonna be a move back to the all-time highs? No, but you have to have baby steps when you're trading micro channels in a very, very big macro market. And we did see today some 750 weekly, some 810 weeklies. So there's definitely buyers, and obviously the stock closed at the highs. After the close, NEO came out with earnings. Nothing great, nothing even close to what you would expect. Wider than expected loss. Tesla's actually holding up here fairly well after the close, pretty much to the closing price. Is this gonna take effect into Tesla and Tesla tomorrow? Probably not. So I do like Tesla tomorrow. The only way I would obviously start buying this thing if it starts confirming this channel here, and if it does and it starts stretching, you can get a move to 735. So you have the lamb researchers tomorrow. You have the Tesla's for tomorrow, even Netflix. And again, maybe Netflix is maybe a day or two away, but at least you can see the channel developing here. But again, when you look at a lot of other names and you expect, well, tomorrow, if they confirm they're gonna go, not necessarily. If you look at Facebook, it's going right into supply. If you go on it, if you look at Amazon, you know, Amazon's not really going into supply, but you only got like a $10 channel before you challenge with more trees in the forest. When you look at Apple as well, right? You have this move here. And again, yeah, maybe a smaller move coming up. Can it confirm and trade right back to supply? It could, but you're not getting that big potential, macro potential move that we're looking for on reversal. I think the best case scenario for the bulls tomorrow, and we wanna talk from the bullish case, the best case scenario for the bulls is number one, they have a digestion day. And sometimes distribution, don't confuse distribution from digestion. Distribution is what we saw two weeks ago that the bulls and the bears are fighting over control. You know, digestion day is, you know, we just really engulfed the last two days of selling. So if we can not give up those gains, not give up these really, really aggressive gains that we saw tomorrow, maybe you won't have this majestic follow through tomorrow, but maybe if you, you know, if we are really diligent about every individual setup, despite the indexes resting, and again, tomorrow will be a perfect, perfect res day. If they could just do their job tomorrow and just reclaim 325 on a close, you're not gonna probably see it in a really aggressive measure potential type of day, but baby steps, because then we have to start working from 25 to 28 for the stocks to really stretch and really get loose. The NASDAQ 100, the QQQ is gonna have to really reclaim 328 and then you have this really, really big measured potential trade on the table. Until that happens, will it shock me if we gap up tomorrow and get stuffed into supply? No, it shouldn't shock anybody because supply is right over here. It's looking at us right in the face. So tomorrow, be a little more diligent. It's gonna be very stock specific. A lot of you guys are gonna run into a lot of names that you're gonna start moving up in the morning. They look really good. And then you're gonna say this, well, what happened? Why did the stock fail? Yeah, I mean, they're trade, a lot of them are gonna trade into supply. So be very, very careful of the names that you do choose for tomorrow. So today, it wasn't one of these great, magnificent days. Again, if you are keeping score of your own performance based on the indexes, you're gonna be very, very disappointed because I know a lot of people, especially new traders, they see the market of four, five, six, 700 points. They lose their mind. They start chasing prices into really, really bad levels and they don't realize that the scoreboard is really creating tremendous amount of FOMO and when they look at their performance for the day, they're gonna turn around and say, wow, why the hell did I not make money today? The market was up 700 points. Why did my stocks fail? Again, technical analysis, stock's going into supply and there's a difference between you buying a channel. For example, like, not to beat a dead horse, but when you look, for example, like at LRCX, at least you can see here, right? It starts confirming this channel here. You have 15, 20 points of upside versus like a square, right? Just versus like a square, for example. If it starts confirming this channel here, maybe you have a dollar and a half, $2. So not every single stock is going to be created. The same tomorrow, not every single channel is going to be meant for expansion tomorrow. I think if you do your diligence today and really get ready for tomorrow's trading day, you will see there's names that you could do very, very well. For example, Tesla, all you need is Tesla. Tesla confirms this $15, $20 worth of upside tomorrow. Obviously that is my focal point. If it doesn't confirm and starts trading back into the channel, well, yes, we're probably going to be looking at a very, very quote unquote choppy day because again, we had such a huge run today. There's a lot of channels that are still very, very condensed, right? They're still very aggressively tight and those channels need to be confirmed. Maybe that happens tomorrow. Maybe it happens two days from now, but the last thing you want to do going into tomorrow's session is gung-ho blazing saying, bears never learn. Let's buy everything at any price. That's when you get really caught. This is when emotional buyers, this is a perfect example of emotional buyers going into technical sellers, into supply and then sitting there 45 minutes later, saying what the hell just happened? How come my stock fail? I'm telling you, it's going to fail because most of these stocks are very, very close into supply and they're going to mirror the QQQ. So be very, very, be very aware of these levels here. This whole level here needs to confirm and the QQs really have to close baby steps over 25 just to get going. So be very wary of choosing your stocks to trade for tomorrow's session. Like I said, today's session just wasn't one of those gang bust sessions. There wasn't 600 pivots that everything went nuts but the ones that did go did okay. The one thing guys, I apologize for all you guys who are on the Twitter feed, our first pivot of the day, I forgot to put on the pivot feed, it was NVIDIA, okay? It was NVIDIA, NVIDIA was very, very weak this morning. I was waiting for a flush on a lot of things. So here's the NVIDIA pivot again, I apologize for all you guys. I did not put it into the Twitter feed but here's my first trade of the day here. It started breaking down below this 540 level. Really fast movement to the 542s before obviously recovering. It wasn't supposed to be one of these stocks that completely collapsed because the market was up 5,600 points but the point is a little bit of cash flow is fine. There's nothing absolutely wrong with that as well. Again, here's the levels for all you guys who traded the ETFs on the macro side, really, really nice move off the 319, 320 level on the Qs, OCGI never got the 12, Netflix obviously never got down to the 535 level for a flush, IBM never got to the 118 level for a flush, CRM nice little move down for all you guys who did take it, not a big move down but the ones that were weak continued to stay weak. So here's the 316 breakdown, only one down a dollar into the lower linear regression line. So nice little move there but nothing again, nothing really big because the market is very, very strong. Tesla initially I was watching to the downside today obviously got nowhere close to the downside, reverse course now I'm watching it back to the upside. And again, this was my message, not only on the weekend video but this morning as well I'm morning strategy on the Twitter feed, stay patient this morning, I'm gonna give it every opportunity for the bulls to kinda give up, we'll re-evaluate after the first two candles of the day. It's not a race, I'll start putting these pivots as we go along and the market definitely reverse. Remember, you don't need to be right. Okay, you don't need to be right, you don't need to be popular, you have to be fiscally responsible and embrace what the market is telling you and not what you think is going to happen. If I sat there every single day anticipating trades, you get murdered, you get absolutely destroyed and it's the fastest way to completely exit yourself prematurely out of this business very, very quickly. So Boeing was definitely the biggest move of the day, 221 needs to build, here was Boeing, right? So here is that 221 candle, it took out 221, excuse me, it took out this 221 candle and went all the way up to 227. Here's a 60 minute view, right? It took out this whole 221 level and went all the way to 227, congratulations for you guys who caught that as well. Airbnb obviously got nowhere near the 92 level, Facebook got nowhere near the 254 level to the downside, Boeing again, take on the way up. And there was a small trade here, nothing big, AMC has been rejected several times on the 920 supply needs to reclaim. Ironically $15 call buyers came in, God knows why. Again, not a big move on AMC, ran up about 30 cents, here's the 920 level, nice move into supply again, nothing to even talk about there. Luminant ever got to 13 and as again, as I joked around, I go, listen, take along the way up, I go, this isn't Apple, this is AMC, so that's it, I mean, that's it. So I think a lot of times when you get a reversal day, people start getting really, really, very happy feet, right? Very happy feet, very ego driven, ha ha, bears never learn, and then they realize that bears do learn, and that's the whole point, when you are trading a market, whether it's good, bad, or indifferent, there is viable, there's a viable degree of a goal line for both bulls and bears. And if you are one way biased and if you believe that it's only one way to make money, you can be very, very saddened to find out when the tide does turn, whether you're a bull or a bear, you better find a way to put stakes in the freezer, because you're gonna be very, very disappointed if you are only one way biased. Guys, have a great day everybody, let's see what happens tomorrow, right? Let's see what happens, I got some shorts that I like, I have some longs that I like. Again, I'm not expecting a huge, huge deal, but again, you never know what this glorious market could give you. All right everybody, God bless, happy Monday and I'll see you guys tomorrow.