 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, giving everybody welcome to another edition, the Tuesday edition of the AccessaTrader.com nightly wrap up show. Everybody is having a good day. So I'm a very big sports fan and it kind of pains me to see that these major sports may or may not happen this year obviously because of Corona. And this is one big antidote that goes back into the 1980s, mid-1980s when Michael Jordan was attending University of Carolina, right? Carolina Tarry Hills at Chapel Hill and the old adage was the only person that could ever stop Michael Jordan was Dean Smith. Well, you guys don't know what Dean Smith was. He was the legendary coach of the Carolina Tarry Hills. And the reason why that statement makes so much sense, Michael Jordan never showed his true potential until Dean Smith was kind of in his back view mirror, basically meaning that he let Michael play only to the constriction of his philosophy. And once Michael got into the NBA, Michael Jordan became, well, Michael Jordan. And the one thing that we're looking at right now is a market that looks like it's unstoppable, right? Really is unstoppable. Corona jumping, nobody cares. Navarro comes out last night, says, hey, by the way, the China deal is dead. Nobody told Trump, nobody told everybody else in the White House. They smacked him on the head. The market gapped up, right? So the only thing that could stop this bull market right now is, well, the bull market. And right now we are getting to the point that every single video kind of sounds very, very methodical by me saying the same things. Well, we're looking for clues. We're looking for clues. This market can't go on all the time, no matter what happens, no matter what headline continues to go higher and higher and higher. And I've always said this on every video. I'm very, very, I'm always bullish, right? Because again, we're not getting a reason until we get a reason not to be bullish. But I'm always conscious of the fact that, again, any given moment we could get a rug pull. If you guys remember a couple of Wednesdays ago, I said, look, we got a little bit of a message here. Are you paying attention to it? And if you go back to last Wednesday, that was this inverted hammer, right? Everybody see this inverted hammer? It hit the top of the range, top of the Daily Bollinger Band. It put an inverted hammer again for all you guys who are pretty brand new to charting or trading, whatever the case may be. A hammer, which is a very, very basic, basic study in the Japanese candlesticks, means, well, there's a short-term reversal back to the upside that should happen. An inverted hammer is obviously the opposite. And when we talked about warning signs, we talked about this area here last Wednesday and then yada, yada, yada. The next day there was a 7% sell-off in the Dow Jones, obviously 5% and 6% on the other major exchanges. Again, nobody is talking about this is the end of the world, this is the end of this rally, but these are the signs that we need to be kind of aware of. Always need to put ourselves in a situation that nobody is surprised when the rug is pulled. And again, every market, no matter how strong the market is, there's obviously periods of areas that you will get a market pull. The question is, are you responsible enough to understand this is common, acknowledge it and look for the warning signs? Or are you complete buffoon and you have devices on, bull market, bull market, bull market, Robin Hood, bull market, chase everything in sight, right? That's the questions. So if you look at how we close today, and we'll get to the individual pivots in a second, again, very aggressive day. This time I did not screw things up, which is good. If you look at the signs and every single night we're looking at the signs, the one thing that I always kind of maintained and why I think you have to have a systematic approach of kind of how you handle the markets on a day basis. I get about 99% of my day done prior to the end of the morning session. The morning session is actually not, doesn't stop at 12 o'clock. Eastern, the morning session actually stops at one o'clock Eastern time, because again, that lunchtime candles many of times will give you a sneaky pivot back to the up or down side. So there's a lot of value in that 12 o'clock candle. A lot of people don't acknowledge it, but again, for all of us who train in the webinar, we kind of do. But I always maintain that the dumb money, and again, I'm part of the dumb money, because again, the dumb money is aggression. The dumb money is chasing. Well, most of the dumb money is chasing. Some of them are actually using the dumb money theory to kind of take advantage of them, but that's not here or there. So I am part of the dumb money. I train in the morning that three, four hour window we have usually will give us a really good value aggression window for the day. What I use the afternoons for is I try to kind of get an opinion of what I think is going to happen next, because again, I've always maintained the fact that if you are trading the afternoon, the only thing you want to do is only try to maximize kind of exposure 10, 15% of your profits for the day because of the ranges they're going to contract. And it's not the first time you heard me say that. There's a very good high probability that you will give back most of your day during the afternoon or all of it to begin with. So it's very, very important. But the afternoon is equally important for me to kind of gather information of what I think is going to happen for tomorrow. Looking for stocks that are weak, that didn't rally with the futures. Looking for stocks that are strong, that it didn't sell off with the futures and kind of make my opinion. So when I'm charting at nighttime and I look at the macro picture and I look at the ETFs and the indexes and the beta names, I'll have a very, very good sense what I think is going to happen tomorrow. Now, obviously we need confirmation. You can't put the cart in front of the horse, but at least as I say all the time have an opinion. Your opinion matters. The research that you put in the night before is going to make your day. It's not going to pull a wool over your eyes and it's going to surprise you anything. So anything that you're looking for the next day should be the process of kind of identifying the night before. And this is kind of what I want to bring to your attention. So last Wednesday, big inverted hammer kind of blow off top. I like to use the word blow off top. A lot of people use that word. A lot of people understand that word instead of the blow off, instead of the inverted hammer. So last Wednesday, very, very similar. You had an inverted hammer off the Daily Bollinger Band, which resulted in a very, very aggressive sell off to the bottom of the range. If you look at what we saw today, especially at the close, you will notice exactly the same thing. So here's your inverted hammer. Here's the inverted hammer. If you go through the charts all the way back, you'll notice that pretty much every single time you got an inverted hammer, you're going to get a move to the downside. So here is the inverted hammer. Here, open to the downside. Again, it doesn't mean it's going to be Armageddon. We're going to go back to the March Lowe's. All that means it's setting up for the next day for lower prices. So here is the inverted hammer. Here's an inverted hammer. Where are we here? Here's an inverted hammer. You can just go through the charts and this is why we always talk about train your brain, train your mind to identify this. So inverted hammer, sell off. Inverted hammer, sell off. Inverted hammer that opens up sell off. Inverted hammer, sell off. Inverted hammer, sell off. So you kind of get the theme. So that's what we closed today. We closed on the inverted hammer. So obviously I'm not going to try to will my way into a sell off tomorrow. I am now unconscious. I made my list of stocks that I believe had really, really big runs. Closed with the mirror image of the QQQs. And now I'm just waiting for downside confirmation. So if you look at a lot of names, you'll notice the same thing, right? Apple, very, very strong today. Inverted hammer. Facebook broke out today. Beautiful trade. Inverted hammer. There's so many shops that had this magical 150 point run. Inverted hammer. Netflix had this monster monster run. Inverted hammer. You can go on. There's tons of them, right? They're not really, this is not one of those things you see on Instagram. Let me show you the three secrets of trade. There's all secrets. Spoiler alert, right? They're all in front of you. If you charting tonight, you'll see there's plenty of charts that look exactly the same thing. And then you're also seeing charts, for example, like a BYND that closed below the five day moving average. Again, which is basically telling you that one more confirmation day, there's going to be some violence in its future. Same thing with names like Boeing, right? Same thing leaves like Boeing as well. Roku to a smaller extent. Again, this might not be something that stands out very, very aggressively, especially to the newer traders. But again, you're a new trader. You're still trying to get your feet on the ground. You're still trying to figure out who the hell you are, what type of trader you want to be, what your risk tolerance, how big is your account side, what's your risk management, what's your pain threshold. So again, nobody expects you. That's what I keep on saying all the time. Everything in trading is stages. Nobody is expecting you to identify a potential blow off top in the markets. But again, as I say all the time, experience is always going to be the luck of any trader. You can get lucky once, you can get lucky twice, you can get lucky 33 times. Eventually, the market gods are going to separate, right? Experience into luck, and then obviously one side is going to make it out of there. And obviously, the only way you get experience is through time. So if you are a new trader, it's okay. If you are trading tonight and you don't see this, it's okay. You're not supposed to. But again, for all of us who have been trading for a very, very long time, this is a pretty aggressive signal. And if charts start to confirming those 60-minute channels on the lows tomorrow, after the 10 o'clock lows, there will be a back test. How significant the back test is, we have no idea, right? You know, you could have a trade for a dollar. You could have a trade for $20. We don't know. If I knew with the closing prices for tomorrow, again, I wouldn't be making this video tomorrow. I just literally just shorting everything inside and covering on the lows. It doesn't work that way. So again, our opinion matters, our research matters, our sentiment matters, our ability to understand the moving parts matters. And now we need that dreaded confirmation that a lot of traders look for on the stand, but don't wait to actually do it. So if you look at a lot of charts tonight, you will see a lot of tendencies, similar tendencies, and all we need now for tomorrow is confirmation to the downside. Now again, I could be completely wrong, right? We could be completely wrong. We could open down, trap shorts, go up again and take out 52-week highs or gap up and gap and go. Again, who cares about being right or wrong? Okay, everybody's wrong. It's not about being wrong. I'm not, you know, nobody's looking to be smart here. We're trying to avoid pain and we're trying to avoid losses. And we're, again, we're trying to put ourselves in a position to kind of figure out what happens next and obviously wait for it. So going into tomorrow, again, I am sell bias. There's no other way to kind of describe it. There are a couple of names that I do like. You know, Alibaba looks really good. We trade Alibaba pretty well today. There's some names that still have a lot of call buying, but again, a lot of call buying doesn't mean they're right. A lot of call buying means that, again, like I've been saying for many, many years, you know, most hedge funds are easier. It's easier for them to raise money than to manage it. So if you had a 300-point run up in Amazon, why are you buying the 2,900 calls for weekly expiration? This doesn't make sense. So again, take that for grain assault. So yeah, I want to give the bears, or at least other bears, I want to give the sell side bias the benefit of the doubt going into tomorrow's session. Obviously, if we see something completely different in the first candle, I will switch gears. Obviously, look for some value back to the upside. I definitely like some longs for tomorrow, but I definitely like many, many shorts. A very aggressive day today. And again, this is another perfect example that you don't need many trades to get where you need to go. Matter of fact, all this was kind of transpiring throughout the day. We saw a lot of weakness in many, many names. So we had to pick our spots. And I wanted to really hammer the point home that I didn't want anything to do with Amazon. I didn't want anything to do with Tullo. I didn't want anything to do with shop. They already made their moves, right? I didn't want anything to do with Netflix. They already made their moves. We were looking for mid-tier or 52-week high players that were consolidating for about a week or so. And those are the names we got. And again, congratulations for you guys who did come in Amazon. Yesterday that 2698-2700 area put up a $75 move in 24 hours. Great job for those. But again, it's all about kind of preservation of capital now and starting looking to make some hay back to the downside. So let's talk about this. Ali Baba was really good. We saw a monster call activity. Again, this is kind of the whole point. Option flow plus daily confirmation usually looks really, really good. That's what happened today. 226.75, 227 needs to build. Bobble and nuts. Very, very strong move. Really, really strong move. It took out this whole range here. Traded up like 30 and change. All-time highs is this area here. It's the January 20 highs. If this thing confirms tomorrow, who knows? Who knows? I definitely like to get this thing on a rising 60-minute support. Then maybe add through the 52-week highs. But again, one of the definitely stronger names out there. Great job for all you guys who caught that. Tesla, I made a little bit of money on Tesla. It took out the 10-10. Obviously, 10-20 is still a big spot. It took out the 10-10 opening range. It traded up to 10-12. And I was like, it's just not getting there. It's just not getting there. So I took some off, break even on the balance. Again, that's what we are right now. We do not want to overstay our welcome, especially on stronger names. We just identify the reasons why. A lot of names are putting it in blow-off tops. In the video, again, broke out today. 384, excuse me, broke out pre-market. 384 rejection, three times pre-market. Three claims can go more. And again, this is how you know the market. The only thing that could stop the bulls are the bulls. So here's the, you know, here's the 84 right here. And it went to 85.70, right? 85.70, if the market was strong, Dean Smith, Michael Jordan, if the market was strong, this thing would not reverse. Okay, would not reverse $8 off its high. So again, take that into consideration again when you're charting for tomorrow's session. Facebook is really good. 2130, 241.50 needs to build. Really nice move on Facebook. I caught Facebook today. I caught a little bit of Tesla and I caught Alibaba, which were really, really good. So here is Tesla. It broke out when its high is to 45. Really big move on Facebook. So that was really good as well. ZiI was watching and never gave a second entry. It took out that 51.50, put in a high of 51.75 and never gave a second entry. Let's see what else. Even this NK, this is when you know the market was really strong. Even this NKLA woke up 70.80, 71 needs to build. So here was NKLA. Really, really strong move into the close. So here's the whole 71.80, 72 area and exploded. Went to almost 76. It actually still looks pretty good for tomorrow. You can see this is one that you definitely want to keep an eye on for a rising 60-minute dip. This Seabae never got to this level. Again, take on the way up. Take on the way up. Big move on Facebook. FSOLI obviously never got to the 74.60. Monster, monster move. And then we were just saying, look, just wait for the market to pick a direction. Obviously, the market didn't. We'll get towards the end. New highs on Facebook. New highs in the video. Take some sales. Obviously, 87 is potential. Went to 86. Big moves. Finally, just go already. Went to 30. So big move there as well. 231.14 is obviously the 52 week highs. So good job. I mean, really, really good job there. Really, really good job there as well. Again, look, you could only push the market. You could only push value to so much. When you're getting a lot of signs, you're getting a lot of signs. You're getting exhaustion. You're getting blow off tops. These are all signals for you to kind of step off the gas, reevaluate, obviously try to really remove as much overnight exposure as possible. If you got runners, that's a whole different story. But again, the last thing you want to do during full size on an inverted hammer on a blow off top on the NASDAQ 100, we'll see how things play out. Guys, have a great night, everybody. Again, have an opinion. Wait for confirmation. And once you get that confirmation, attack with confidence and extreme prejudice. Guys, have a great night. I'll see you tomorrow. Congratulations for putting in the time to take control of your trading. 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