 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. Welcome to another edition of theaccesotrader.com, a nightly wrap-up show. A wrap-up show. Happy Monday. Hope everybody had a great weekend. Apparently, not only can you watch this broadcast now on YouTube, but there's a longer version of Twitter. Twitter, Elon Musk announced about a week ago there was a longer version that you can upload videos to Twitter. He's done actually a pretty great job giving a lot of value for all of us who have the blue check mark. It's actually a pretty good value. So for all you guys who are joining us on Twitter, on YouTube, on something called Rumble. I know Rumble was four days ago, but welcome aboard. Like, share, subscribe. Or if you're on Twitter, retweet. Tweet, tweet, tweet. Whatever you have to do. But thank you very much all jokes aside for your viewership and your ongoing support. So let's talk about the tech, right? So last week we had this just an absolute, it felt like parabolic move in the markets, very aggressive, especially in the members of the NASDAQ 100, NVIDIA 1 nuts, Amazon 1 nuts, Google 1 nuts, Netflix 1 nuts. And, you know, we started talking about a potential exhaustion channel that is forming. Again, doesn't necessarily have to be the following day, but you're starting to see signs, we started seeing signs on Friday about names just got tired, right? So I was definitely looking for some names to start looking, start getting below their previous days channels, their Friday's channels. And ironically, NVIDIA does fine. Again, we'll get to the credits in a second. But ironically, it's the names that I wasn't watching, right? That started taking down the previous channels. So for example, my number one watch to the downside was Google, right? Google never got back to Friday's channel. NVIDIA did, right? NVIDIA did gave a nice move and hit the 5-day moving average. There was nothing wrong with NVIDIA, but it was the other names that had the bigger runs that actually let go of some backtesting effects. And you saw Netflix, right? Netflix is getting weaker. You saw Amazon getting weaker. This is all part of the organic backtesting process that stocks really, really need to kind of get a little bit of a rest. So if there is a next leg up, they need to have some valid rest structure, right? For, you know, for kind of bulls and bears to reset, both feel comfortable in the same area of price action. And right now we are starting to see some names that are coming down and coming down for nice, well-deserved rest. On the other hand, right? It's the stocks that are coming off the bottom of the range. We continuously talk about that's where the value is. They're the ones that are getting stronger. We talked about over the weekend, Tesla and Tesla has been absolutely on fire, right? Absolutely on fire. If you don't trade Tesla, you kind of can't really appreciate that. But Tesla last week took out, you know, very, very big levels took this very into the small level here at 70. Friday took out the 78 level, which ultimately confirmed and closed above the 50 day moving average. And today it got above the channel that we talked about on the weekend video and traded almost that 190 area. We talked about the 89 and a half 190. This whole gap has been filled. Now, where is the prospects of Tesla? Nothing is better on a parabolic run or a good feeling type of setup in Tesla. As much as Nvidia has been on fire and Amazon and Google, a Tesla runaway train, and maybe I'm biased here because Tesla is my favorite stock to trade, but a Tesla runaway trade just feels a little bit different as the kids say it hits different. And that's exactly what we're there. We're literally one channel away, right? You guys see this top of the channel here, right? Top of the channel here. If they can clear out this whole top of the channel here and it pretty much stopped at the linear aggression line, what we talked about on Saturday. But if this thing can just get above one more channel, then you have this really, really phenomenal gap going to between 202 and 206. If you follow the price action, okay, and this is a very, very important point in the options market for the weeklies, they started all day, right? All day today when the stock just finally got above the 182 level, they were coming for the 190 to 1952 weeklies. If you guys remember last week, right, they weren't coming for the 90, 92, 50s. They were coming for the 205 for the Junes, 205s, 215s, we saw some 220s as well. So the key now for the future of Tesla, is it possible it has a res date tomorrow again? It had a really, really great four day run, so it could possibly be maybe a scenario for an inside day. But here's the ultimate prize. If we can get a close above this range here and clear out this daily linear aggression line, then there's another 12 to 15 points potential in the stock. And when this stock goes supernova, unfortunately, it makes all the other stocks, they don't look as good, right? As much as the video goes nuts and Amazon knows nuts, everybody knows when Tesla goes nuts, it's absolutely out of this world. And hopefully, fingers crossed, we can get a move above this channel, this last channel here, and get a push into the 202, 206 level going into the next week. So if you're not long, Tesla, what you want to do is look for dips, any dips either into rising daily support or rising 60-minute support, because traders get trapped, eager shorts turn around, that's it, that's the road on Tesla. You know, they can always go right at the green and start taking out today's channel. So it's something definitely, definitely to pay attention for a bigger, more aggressive move down the line. If you can just get above this linear aggression line, I think it could potentially do so. If you look at the other names that woke up, right, we started talking about meta, right? Over the weekend, we talked about meta. Meta, again, it was a slow starter, right? Didn't play catch-up until everything else. Today the stock went ballistic at the open. Names, for example, not DraftKings, what was the other one? Uber, right? That we talked about on the weekend update. Had a really, really nice push at the open. So it's the stocks that have been consolidating. The stocks have been coming off the bottom channel. So you kind of go back to video after video after video. Again, we're not talking about buying the video up 19 days in a row. We're not talking about buying Google up 16 days in a row. We're talking about the stocks that are coming off the bottom channels. That's where we're getting a lot of value. And that's where the money flow is coming out of the Netflixes of the world. At least for now, short term. Netflixes of the world, Amazons of the world. Google is still holding on, you know, still still on. But the point is they're coming out of something and needs to be put into something else. And that's where the money flow and that's where the confidence money flow is being traded into names like Tesla, like meta, and even Shopify, right? Shopify, we talked about on the weekend update. I said, hey, if they could start reclaiming the 10 day moving average and the 10 day moving average. If you watch the PS60 workshops or, you know, been in the webinar, you understand how important this level is. It's the birth of the trade and Shopify last week, they were coming for the 62, 63 and 65 calls expiring 526. That's this week's weeklies. And this thing just exploded. There's a really good amount of value towards the, you know, the start of the day going into the mid morning. And the point is while this is going on, the other stocks are resetting, right? And kind of getting a well deserved back test. So let's talk about it, right? On the Qs, again, I still want to watch the bottom channel here at 335. Nothing has changed. I still want to see if they could start losing this 335 channel. There's nothing to the upside of the Qs. This is still just a runaway train. But the key, the value plays, if there is an exhaustion cycle, we finally get a draft for everything, right? A draw down for everything. We want to pay attention to this 335 level. If we can get below this 335, I do believe there will be a back test down to the 5 day moving average. If you look at the SPYs, again, good consolidation of this big, big run up and reclaim this whole top of the range from the April 1 highs. Super bullish there. You have IWM again, still not participating, right? The speculation of money and the smaller cap names are still not participating, how you want them to participate. Because again, we're stuck in this whole supply. Now, where can the value be, right? Where can the value be for the IWM for a potential situation to get above supply? Well, McCarthy, what the hell that is, right? I've got the headline like everybody else is meeting up with Joe Biden. I believe they set a June 1st, right? A June 1st, you know, lying in the sand, game of chicken for a potential default. Again, I've been trading for 24 years. Next year is going to be 25. They've been talking about this nonstop debt ceiling. They've always raised it. Again, is it possible they don't raise it this time and, you know, chance the stock market collapsing 25, 30% in the next three, four months? Maybe they will, right? We have no idea. I don't have a crystal ball. I don't have the answers. I only take a day at a time, but that is the proverbial lying in the sand. Even Janet Yellen said, well, that's the day that is going to make it break it. Okay. We'll see. Let's live to June 1st, right? It's more as only May the 23rd. We still have a little bit of time to get there. But again, the theme continues to be watch the stocks that are coming out of the bottom channel, middle channels or distribution and play those. Don't forget about the stocks that had their magnificent, magnificent run. The value number is gone. The value to them is on the back test if we do pull in the next couple of days. And who knows? Maybe we don't. Every single time I'm looking for a pull and I'm ready for both sides of the market, the downside just doesn't come. We had a nice little pivot today on NVIDIA, but the downside overall is just not coming. So again, we'll see. Again, the key is be prepared on both sides of the market. So let's talk about today's pivots. Again, Friday, if you guys remember, 178 on Tesla traded to the 182 level. And today 182 needs to confirm to open up a pocket to the 190 daily, right? They're coming for the June 200 and 205s. And again, this has been an absolute phenomenal trader. It really has. So Tesla got above this channel here on Friday, the 78 got above this channel here, 82 and traded right to the little below the 190 measure potential that it had. But hey, within 50 cents of a measure potential trade up $9 in the day. Phenomenal move. Congratulations for all you guys who caught the trade and are still holding runners. This was a typo. It was 3950 rejected twice, not 4950, obviously, still valid. So Uber got above the 3950, right? Uber got above the 3950. Again, if the apologism dyslexic got above the 3950 and traded up a buck before reversing course. Nice move there as well. Shopify was awesome. Okay, it was absolutely awesome. It basically went in a straight line before it reversed towards the end of the day. 62 needs to build. That is to break the downtrend and Shopify put up a $2 candle. Really, really nice. It took down this whole range. Got back above this green line, which is a 10 day moving average and put an eye of 64 bucks. Just an absolute, again, another case study have option flow proceeds price action in the underlying security. So great great move there. The video, nice little pullback, right? Nice little nice little trade to the downside 309 309. If it builds below can flush. I wasn't really a flush, but it was a good little cash flow trade. So here is the 309. Here is the three, the whole 309 level that was Friday's channel and it went down to like 306 80s, but again, nice little trade again. I didn't expect it to get destroyed and nor did we talk about potential back test getting destroyed. Just kind of be prepared from for both sides of the market. So that was a nice little trade there. Obviously we're watching for Google. Never got there. We're watching for cues. Never got there. I was trading Tesla and Shopify. So I missed meta. Meta went nuts. 248 69 needs to build. Here was meta. So it took out the two, two, two 48 69 and traded almost to 250 fortress. And let me look at this move here at the open. And this is violence. I'm going to tell you, I'm going to tell my grandkids one day. This is where babies come from. So really, really strong movie. You got it. Congratulations again. I'm not really upset because Tesla and Shopify were pretty damn cute. MQ 82 needs to build a big blog buyer came for the June 5. I think it only went up a few cents and then died out on nothing really there. And that is it. Right. That is it. So for tomorrow, guys, you know, I want to pay attention to a couple of names. Obviously more upside on Tesla, if possible, right? That would be sweet. But let me give you guys some ideas for potential movers for tomorrow. Let me see where I want to, let me see where I want to deal with here. Let me see where I want to talk about. Let's start off with, let's start off with, let's start off with Apple. So Apple has not really done anything yet. We caught this really great move a couple of days ago. What's cool about what Apple did today, it did hold the five in the 10 day moving average, which is good. Keep an eye on Apple, not necessarily for tomorrow, but obviously my game plan is for tomorrow. But if they can just confirm today's channel, if you look at the 60 minute view, if they can get above this whole channel here, maybe it finally wakes up again. Remember the money rotation has to go somewhere. So Netflix is resting and the video is resting and you know, blah, blah, blah is resting. It doesn't have to go somewhere. We're still in a very, very rabid market. So we definitely want to keep an eye on that. Again, this is not a typo, right? This is not a typo. GameStop does not look bad. Right? Say it with me. GameStop, I mean, I wouldn't put my mother-in-law's money in it. But hey, you know, who am I to judge? This thing actually looks pretty good. If you are a GameStop lover, man, if this thing starts confirming today's channel tomorrow, who knows? Maybe this thing wakes up. Look at a name, for example, like Bill, right? Dollar Bill, right? From Billions, right? If this thing starts taking out the top of the channel, as Dollar Bill would say, I am not uncertain, right? If this thing starts confirming this channel here, Bill could really, really wake up. This is a tight consolidation. I think it's a Chinese stock. So definitely keep an eye on that. And N-N-O-X looks, you know, almost ready to go again. I mean, it stopped here on this bottom, on this middle channel here. If it could start reclaiming today's channel and, you know, get above this 60-minute supply, hey, maybe this thing wakes up as well and goes to recent highs. So that's it, everybody. So if you are interested into the pivots, would love to try out the webinar for the next 30 days. Again, it's a very, very unique way of trading the markets. We trade via the 60-minute channel versus the 361-minute channel, as you see, that most people trade. It's a little bit different, less noise. And the most important part is you're seeing very, very clear ways to fight supply and demand and take advantage of price action. Guys, God bless. Hope everybody is well. Hope everybody is smiling. And with God's help, I will see you all tomorrow. Take care.