 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 evening everybody. Welcome to another edition of the Access a Trader.com that we wrap up show. Is it Thursday already? Oh boy, I'm beaten. I'm really tired. For those who don't know, I'm literally speaking for seven hours a day in the live webinar and by the time Thursday comes along, it's hard for me to even formulate an intelligent sentence, let alone everything else. But again, it's part of life. What can you do? You have to do what you got to do. So let's talk about the tape. So last night, you go back to last night, the scoreboard was lighting up. You had Tesla up 100, Amazon up 1000, Facebook up 12%. Everything was going nuts. And by the time the pre-market came along, when you woke up this morning, you turn around and say, well, you know, my first thought before I even even turned on the quotes, I said to myself, well, we should know that the Nasdaq future has got to be up at least 150 points. And you look down and they were flat. And then they started going lower. And again, it really does show you how what you think is going to happen is completely, you know, completely the opposite of what you're actually seeing in front of you. And today was a pretty aggressive reversal day. And the highlight of today's day was obviously what was Tesla going to do after this big, big run-up that it had? What was Amazon going to do after the close? What was Apple going to do after the close? And again, keep this in mind, it's the same question that we had on Netflix's earnings. You know, again, nobody in their right mind would turn around and say, well, Apple's not going to be, nobody's going to turn around and say, well, Amazon is going to be, we all knew they were going to be, right? They all know. The question is the same thing with Netflix, was the stock price baked in? Or again, continuing with the theme, was the market going to price in already the move? Or is the market going to give them another mulligan? Just like we've been seeing over and over and over again. And we kind of got that pretty quickly. And if you look at the stocks that we're making, you know, really big surges last night, pretty decent, you know, pretty decent moves off the highs. You know, last night when I was recording the video, Microsoft was at 86. You can see really, really big move off the low, off the highs. You had Facebook last night was just, you know, 215, went down to the 201s. Tesla, which was definitely the biggest reversal. We'll talk about the individual pivots. There were two pivots on Tesla that were just outrageous, both to the downside, obviously. Again, last night, Tesla was at, you know, 886. And by the time you look down, I mean, this was one hell of a reversal. And the question was again, what was going to happen with Amazon? So Amazon had this really, really aggressive candle into the close. Okay, really aggressive candle. Oops, wrong one, sorry. So Amazon had this really aggressive candle the last like five minutes of the day. You can see this huge surge, like really, really aggressive surge, 40, 50 point move. And then the earnings came out. And again, it's not what they said in the earnings. I think it's kind of irrelevant of what they said in the earnings. Again, the question was, is it is baked in? Again, is the bear crowd finally going to get a little bit of a crumb to have a little bit of downward times, a little bit of back testing? And you know, again, very, very quickly, Amazon reversed courses and the stock started moving lower. Before you turn around and say the stock is getting killed. God, look at the run Amazon has had. Okay, does this 100 point move, 150 point move, does it really matter? It's very, very hard to get excited unless you literally shorted Amazon into earnings. Okay, it's very, very hard for a bear to turn around and say, see, the bulls never learn. It's a bear market. Unemployed. Okay, who cares? Right. So again, you can't get very, very excited about it unless Amazon comes in tomorrow. 400 points and goes all the way down to 21 and 82. You know, again, very, very hard for the bull, you know, for the bears to throw a parade. Same thing, kind of an apple after the closing. Man, how sick is Apple, man? I mean, how insane? They beat their revenues by $4 billion, announced a $50 billion buyback. Okay. And they crushed it during COVID-19. Okay. They had ridiculous money on their apps and their iTunes store, right? So they crushed it, man. And again, the question is not whether they're going to beat their numbers. Of course they did. I think they beat by 27 to 29 cents. So they crushed it. The only question was, was it baked in, right? And when you have a move coming from the COVID bottom of 212 and you're running to $300 a share. Again, if you're a bear, right? Again, is this really a victory? The stock has rallied, you know, stock has rallied 90 points, you know, in three weeks. Is this really a victory being down five, six bucks? Again, you decide. But again, I think the more important part of what is actually happening after hours is kind of, kind of what happens next. And again, it's very easy for me to turn around and say tomorrow, well, this is obviously a reversal. We're going to start testing the bottom, you know, again, the bears are right, right? Look, everybody got to relax. Again, like I say, every single day, trade by trade, day by day. Again, nothing makes sense. Remember, nothing makes sense. Nothing's going to make sense. Because again, give you a perfect example, right? We were watching BY&D. We had two pivots on BY&D today. Excuse me, one pivot on BY&D and then I lost, excuse me. There was three trades on BY&D today. There was one through the short side, went down a dollar, right? I'll talk to you on the second. There's 97 and a quarter, 97 went down to 96. There was a remount, okay? There was a remount buy that I quoted for like a dollar and change. And then I lost like a dollar and change on the second remount. They just kind of jumped the gun. That was the point. The point was we started seeing, and this is kind of goes into the realm of nothing makes sense, right? So we start seeing buyers coming in on BY&D when the stock was like 90, excuse me, like 97, 98 bucks. We started seeing one after another, after another, coming in for the 110s, the 120s, the 130 calls. Now, again, keep this in mind. This was in 110, 120, 130s for June, for August, for September. These were call buyers coming in for tomorrow, okay? Over and over, rapid fire mode. And I said, wow, this BY&D is going to go. It's going to go. It's going to go. It's going to go. It's going to go. We went to the toilet. So unless somebody knows something, again, did it make sense that somebody's putting out all these outrageous bets for tomorrow? Did it make sense that the market didn't embrace those bets and took the stock red? Right? Again, it doesn't need to make sense, guys. So going into tomorrow's session, again, you know, can I give the bears the benefit of the doubt? At least the sell side buy is the benefit of the doubt. You know, look, I definitely like some plays for tomorrow on the sell side. Again, if you look at Zoom today, they, well, maybe we don't have 300 million subscribers. Maybe we have 300 million users. Again, it's a big difference, right? Like I'm a subscriber of Zoom, right? I'm a subscriber of Zoom. I pay $260 a month for Zoom, okay? The people who are attending the Zoom webinar, okay, are people who are not physically paying Zoom. So there was a lot of kind of lost in translation in Zoom. But again, the market doesn't care. It's shoot first, ask questions later. When you look at a shop, for example, that failed to break out today, and we talked about this range yesterday, with this Amazon earnings, if Amazon starts coming in tomorrow and shop starts losing several of these channels, can shop be a very good sympathy play short with Amazon? Absolutely. Why not? Right? Absolutely. Why not? Can Tesla, again, continue to go lower confirming the five-day moving average for tomorrow after this huge run? Absolutely. But everything is still on the table. So again, going into tomorrow's session, again, I'm open-minded. Again, day by day, trade by trade, channel by channel. We don't need to show everybody how smart we are, right? We don't need to show everybody's smart. This is not a game of geniuses, man. This is a game, again, collecting data and putting that data to work in your specific process. So going into tomorrow, okay, I'll give the sellers the benefit of the doubt tomorrow. Maybe I'm 60, 40 sell bias tomorrow. I do like some place to be upside. I really like the way Netflix woke up today. And you kind of saw a coming pre-market. We'll talk about that in a second. But I think, again, tomorrow there will be some good plays. I think the stocks that did have big runs have an opportunity to pull back more. I think if Amazon starts losing a very, very specific channel, and if you guys want, I accidentally tweeted the pivot. If you go on my regular Twitter feed, I accidentally tweeted the pivot on the regular feed instead of the private feed. The same thing with Apple. Amazon, Apple just came in $3. So I apologize before you guys take a look what the pivot is on Amazon for tomorrow off my regular feed. And you'll see exactly where that confirmation is. So again, tomorrow, you know, I'm going to go in 60, 40 sell side. Tomorrow is May 1st. I hate starting a new month on a Friday. But again, again, we can't control the calendar. We can't control price action. We could only control what we're doing based on information. So let's talk about the day today. You know, pretty good. Pretty good. It could have been great. Pretty good indeed. So here is what we started talking about. So the first pivot of the day, BYND 97, 20, 97, if it builds below can flush. We knew it was going to only get down to 96 first. And there was a reason why it was a linear regression line on the daily chart. And that's exactly where it stopped. So it took out that 97, 20, 97, you know, went down about a buck. Again, really, really big reversal on those option sweeps. Zoom, you know, I had a little bit of a fight with Zoom today. I shorted for, I shorted Zoom the first time around. And I saw there was a reload buyer. So I covered, I covered half with a cup of coffee profit. And then I covered half and I lost about 80, about 90 cents, about 90 cents in it. And then later when it confirmed back down, when it confirmed back down on the second entry, I made it all back, excuse me, excuse me, I made most of it back on this move. But it was fine. There was nothing wrong. Gilead never got to the 86 level. Roku, 11650 needs to build. I didn't trade Roku today. I totally forgot about Roku. 11650 never got down there, right? 1665 was yesterday's low and never got down there. What the hell is, what the hell is today? What was it called? BYND, I traded a couple of times today. One was good. One was, you know, crappy. I kind of canceled each other out. Baba never got up there. Netflix, again, this was the big pivot on Netflix. 416 needs to build. Netflix exploded, really, really exploded here. Here is the 416 channel right over here. This whole channel was 416. I said, you know, there's a shot against the 420. It, you know, it exploded. It stopped at 420 and then another candle came and went right to 424.5. So, big, big move on Netflix. Microsoft never got down to the 176 area. Take on the way up. You have 420 supply and 7-cell right there. So, nice move on Netflix. Chipotle never got to the 900 area. Shop, again, this is why I kind of like it on the sell side for tomorrow, if it confirms. It failed, again, third days in a row to get out of this 651, 652 base. So, I kind of want to watch it to the downside tomorrow. And this is where, obviously, the two, two biggest pivots of the day came. So, 840, if it builds below, can flush. Again, experienced traders only. Again, when you're trading Tesla, number one, you really need to be an experienced trader. If you're trading Tesla via Earnings Day, you know, it's a whole different animal. But this was big. The first move here was like 25 bucks. So, here was Tesla, right? Here was the 840 pivot, right? Everybody see this right here, guys, right? The 840 pivot. I thought it was going to get down to like, you know, 825, okay? It actually overshot it. And not only did it overshoot the 825, it went all the way down to 7, it went all the way down to 811, okay? All the way down to the 811 here. So, big, big move down. And then there was, and then it started going red, right? And it put its initial move down to 798. And this is basically the second move here, was just ridiculous. And again, here's the, and here's, not to kind of jump all around, but this is kind of what I meant about, you know, the buyers coming in on BY for tomorrow, right? You got 120 calls, 120 calls, 130 calls. Somebody just basically just bet 13 grand that this damn thing is going to be 30% higher tomorrow. Okay, right? So, I was watching that. I'm very, very shocked. It didn't have a bigger move. You can see all over the place. You got next week's 110 calls. Tomorrow's 110 calls. So, all over the place on BY and D. So again, really, really wild move. But here is the second move on Tesla. Here's the second pivot on Tesla. Again, the second pivot on ZM is what I pretty much made back when I lost the first time on ZM. So we had some pretty good moves. And then I kept on saying, hey, look, Tesla set up one way or another. I tuned. I put an upside pivot up. 836 needs to build. Obviously got nowhere near that. And then here was the pivot to the downside. I said 798 later. If it builds below, can see 777 potential. And this thing got smoked. Absolutely smoked. Again, congratulations, folks. Here is the seven, you know, here is the whole seven, where was it right here? Seven area, right here, 798 area. And once it lost it, look where it went down to, all the way down to 765. Huge, huge moves on Tesla. Again, this is why this is the greatest stock. Again, it doesn't make a difference which way it trades. And oh, by the way, I forgot. I forgot to mention, my first trade of the day was a remount long washout. I know a lot of you guys watching this video have no idea what the hell that means. But the stock washed out into rising support this morning at the open, reclaimed and ran right back. I mean, I took about 3-3 and change on that first move as well. I know a lot of you guys caught that move as well. And that's it. I mean, that's it. Here's 77 on deck. Here's 77 on deck, right? Best stock ever, right? Best stock ever. So again, business as usual. You know, business as usual. Again, I want to give the sellers the benefit of the doubt going into tomorrow's session. I think, again, look at Amazon guys. Just want to show you guys. You see this whole area here? You see this whole channel here, right? It loses this channel here, right? This 2310 area, okay? Look at the daily chart. If this thing loses 2310, this thing has room all the way down to 2260s, 2240s. If you don't think, Amazon could go down 200 points. Again, not paying attention. So guys, have a great night, everybody. Great job again today. Again, Pivot's a very, very unique. Not everybody trades them. That's the most important part. But they're pretty damn good. They are pretty damn good. Guys, tomorrow's Friday. Let's get some rest. And with God's willing, I'll see you guys all at morning stretch. And guys, God bless. Have a great night. 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? 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