 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 Wednesday edition of the AccessToTrader.com Nightly Update. Hope everybody is doing well. So let's talk about the day. Nothing really settled today as far as index confirmation. We kind of knew that yesterday. If you guys remember from last night's video, I was talking regarding the beta names that I believe that if you were going to really, really press the beta names today, you're going to get chopped up. That's exactly what happened if you really focused on the macro group. We'll get to that in a second. What I like about today's session, although there were two names that traded on the beta side. Boeing and Tesla did that thing. We'll get to them in a second. But the majority of the market played out exactly how we anticipated today's trading day. So for example, I believe that there was going to be value in other places. So I was already in that mindset that I had no expectations going into today's session as far as beta goes. Like I said last night in the video, if we were going to get pleasantly surprised, that's one thing. But I wasn't planning on a day that was going to be beta driven. I started looking yesterday at the pot stocks, which again, complete dudsman. I was watching them from last night, never came close to confirming. Not even came close. This is by far the worst group. One hit wonders. Tillray I liked above 850, never came close. Crone I liked above yesterday's high of 720, never came close. CGC, same thing. So my focus at least at the open was on the pot stocks. Quickly my focus removed from there completely pieces of garbage, way pieces of garbage. They never came close. And then we started looking for other things. And again, what's great about being a professional trader, your goal, no matter what kind of trader you are, is completely to be in control. So we had a choice today. We could either sit there and try to squeeze water out of a rock very, very patiently. And there would have been nothing wrong with that, waiting for these kind of beta names to kind of formulate a confirmation channel. And again, it would have been fine. But the problem with that is we was there was no guarantees that we were going to have anything that we could have taken advantage of both long and short. Luckily, we did have a good game plan. We focused on a lot of names that had nothing to do with beta. And the most amazing part, I find myself now about three, four times a week, almost like one time a day trading like a small cap stock. And again, I would never trade a small cap stock for the sake of trading a small cap stock. But I tell you, when I see option order flow, and this is not the first time I've been talking about it, when I see option order flow, the same common denominator out of the money calls, short term expiration. Man, again, I said this couple of couple of nights ago, I know eventually this is probably going to stop working. But it's working really, really well. The first move into into the sweep and then buying it into support. And I did that twice today with a stock ADMP. We'll talk about that in a second. I'm still holding a runner overnight. But again, what I liked about today was number one, we knew what we were up against going into today. We did the mature thing, kind of not being stubborn and being arrogant enough to think that we can squeeze water out of a rock, kind of go with other places, trying to find value in other places. Now again, if it's up to me, do I trade Tesla tomorrow over a dollar stock? 100%. But at some times you do have to kind of go where the money goes. And like they said, the old adage goes, went in Rome, right? Went in Rome. So I think by tomorrow we should have some more clarity, at least by Friday's session. The reason for that is, again, if you look at the channel, the really, really tight channel that we're seeing on the Qs, again, nothing has settled. We keep on getting rejected off the top of the channel here, and we keep on holding the bottom channel here. Again, like I said last night, something we'll have to give. It's very, very obvious. And I think tomorrow, based on the legitimate amount of earnings that are coming out, either tomorrow morning or tomorrow after the close, it's imminent that we are going to either break back to the upside or break below this channel and start possibly testing this lower area. Tomorrow we have 60 companies in the S&P reporting earnings after the close. It's the who's who. We got Apple. We got Facebook. We got Amazon. We got Google, right? We got Google tomorrow. We got EA Sports. We got Gilead. We got Vertex. We have a million companies coming out tomorrow. So again, if for all you guys who are patient and are waiting for a range confirmation, I have a sneaky feeling that we are going to be kind of out of the woods, whether it's the long side or to the short side by Friday. And again, this is the channel. We talked about it yesterday. We're going to talk about it again today. You have 261 to the upside, and you have 256 to the downside. Like I said, something has to give. If you are patient enough, if you are patient enough, you should get rewarded on a macro picture. Again, two things I also like today. I also saw a lot of speculation money coming in. And the most amazing part about speculation money is that again, not every stock needs to be up 30, 40 points. The fact that people are willing to chase anything, like for example, if Tesla's up 100 and you're buying Tesla up 100, that means there's a great sign that speculation capital is there. It's very, very bullish. But once you start seeing names like Kodak, right? And again, I'm sorry. Do you guys remember Kodak from the 1980s for all you guys who are even alive? Kodak film, Kodak, all of a sudden Kodak is now a biotech. Now Kodak is a Bitcoin. Bitcoin is everything, right? Again, raise your hand if you bought a Kodak product. And the last, okay. So that's the point. People are chasing anything. Kodak ridiculous move today. Then you have KNDI. Again, a stock that was what? $3, right? $3, what? 3 hours ago. And now it's trading 13 and change, right? After the close, waking up all these EV makers as well. So we're kind of set up for a next wave of buying. But again, two things need to happen. Number one, tech cannot disappoint tomorrow or Friday for Friday's session. And the most important part is we have to still continue to negate bad news. And that's very, very important considering how much bad news and how much COVID news is still very, very present. And again, economic woes is only in the eye of the beholder because the Fed, at the minutes today, basically came out, and said we're going to do whatever it takes to hold this economy straight as an arrow. So the Fed will do it, right? The Fed is going to hold up the tape. And again, if you know this information, if you know the Fed is going to continue to give artificial insemination into this market. Again, use that to your advantage. Don't be sell bias when you have the Fed having a backstop with stimulus, right? Have a plan, but use the information you have. Don't try to outsmart the Fed. Don't sit there and complain about, well, the Fed's holding up the market. Yes, we know this. Let's take advantage of that information until then, day by day, trade by trade. The market ever since COVID has started is an incredibly fluid situation. Day by day, new things are happening. Again, sports is on, sports is off. It's just craziness going on. So again, day by day, trade by trade. So let's talk about the pivots today. Again, I think today we had something for everybody. We really did. We had smaller names. We had obviously betas, the focal point every single day. But again, the most important part was we were in control. We executed well. We had a great game plan. Yada, yada, yada. We made it another day. So let's talk about this. So Tesla, here are the ranges for the day, 1512 to the upside, 1472 to the downside. We talked about for potential in the live webinar, we talked about the potential 1530 move off this 1512. And Tesla, again, just again, not every single trade needs to be 100 points. Again, here is the pivot, right? Here is the pivot right over here. There's 1512 area and the stocks spiked. We went right to 1535. Really nice move. The trade of the day definitely was Boeing. For all you guys who are on the Twitter feed, you didn't get the commentary in the live webinar. There was actually a green to red second entry off that 170, 80s area. But again, the reason why I put 168 instead of the green to red, you need a valid channel. Again, you're not there in getting my commentary. You're on the Twitter feed. And the problem is, again, I don't want you to go into a trade naked, not understanding all the moving parts. But this was the big level, right? 168 was the big level. Congratulations for you guys who did take a green to red off that 170, 80s area. But once it confirmed 168, gorgeous move. Really, really gorgeous move on Boeing. So here is the whole area here, 168, and just got absolutely destroyed when down to 162. Again, you could see this play happening. You know, if you saw pre-market, it kept on getting rejected off this top of supply. And again, if you don't understand where supply is, you're trading blind. And for all those people who are saying, well, Dan, how come you have all these different lines? Why do you have so many lines? Yeah, this is the reason, right? You have to identify where the supply is so you're not being an emotional buyer meeting a technical seller right at the top of the range. But again, fantastic move. 168 all the way down to 162 on Boeing. Space, I still like space. Space of the builds below 23. This is the first close at that 23 level. I think it goes lower. I think if it confirms, you know, it's trading right now under 23. If it's going to confirm this 2260 tomorrow, guys, this is going to be further downside. And this thing has potential moves, you know, somewhere between this 2150 and 21 level. So I do think this thing has a lot of room back tomorrow. Roku never obviously got into the 148 level. Apple never got to the 373 level. Again, garbage, garbage, garbage, right? Pot stocks, not even close. They, you know, we woke up this morning. They were all red, not even close to even approaching these levels. So again, one and done, pot stocks, smoke them if you got them. Nobody cares. INSG, again, we talked about this last night in the video. We highlighted this this, we highlighted this name. Again, $20 calls, short-term intervals, INSG $13.13. Again, this has nothing to do with beta. Again, you have to kind of, you know, you have to kind of conform to where the value is, conform where the money is available. 113.10 needs to build. So here was INSG, really strong move, traded all the way to 14 bucks. I think this thing goes higher, really nice move there. NIO, you know, we started trading NIO opening range highs. I started going in the 7, what was it, in the 7, 1270s. I went back in at 1285 and went to 13. It kind of got sold out. So I made some sales. I still like it. I still like NIO. Again, we saw $14.15, $17 near-term expiration on the name. Just a little bit of cash flow there. But again, again, let that be the worst trade. WKHS, I still like it. I scalped some AMD off this opening range. You know, stock went to 77, big move after earnings. But again, not the biggest move in the world intraday. But again, some cash flow is better than no cash flow. Amazon, I think we got to watch tomorrow. Amazon, Apple, Facebook and Google, but especially the first three. Because at some point, I have to believe they will give a really aggressive channel. Okay, at some point tomorrow. Because again, like I said in last night's video, any dip, and again, the dip today got bought on those names. But any dip tomorrow, there will be aggressive call buyers in those names. So I think there is going to be value in some sneaky channels tomorrow, especially Amazon, Facebook and Apple, but especially Amazon. Because it's such a big range. You don't need to be perfect. So I definitely want to keep those on radar. ZM didn't quite get there, got to like 259 and change, but didn't quite get there. I and his gene, nice move, great move there. Roku, Roku is my only losing, to say the word losing is very, very aggressive. I lost 25 cents on Roku. It just kind of stalled out. I really didn't do anything. So it is what it is. Nothing really to talk about. A cup of coffee there. FSLY, big move on FSLY, $84.20, $84.50. Again, we saw $100 August $100 calls coming in, traded to $86.40. I still like it. I think if it starts breaking above this channel here, in the next couple of days, it should go higher. Really nice looking move there, $2, $3 move there on FSLY, take on the way up. And then we started watching these smaller names, right? ADMP, there was a buyer that came in. A buyer came in at, I think it was for the August 250 calls. I got long in the 130s, flipped it, bought it on the dip at 125, sold some on the way up, still holding the runner, closed at 145. So nice move there. So crazy, right? Absolutely crazy. These small cap order flows. What else did we do today? What else did we do today? AMD I did today, and I always scalp today, ADMP, blah, blah, blah. And I think that's it. I think that is it, right? I think that's it. But ultimately, again, Boeing was really good. Tesla was very aggressive, and I always find ADMP was pretty good. You know, solid day. Really, really solid day. I think tomorrow we will definitely get a step closer to getting a little bit more clarity, especially in the NASDAQ 100 names. If not for tomorrow, definitely to Friday. Again, we're either going to, you know, there's no room for interpretation here, guys. And this is where I think Beta will really, really wake up one way or another. Again, we're either going to reclaim the 10-day moving average or reclaim the bottom of this 20-day moving average to the downside. And eventually there will be a really, really aggressive measured potential move. So guys, have a great night, everybody. Good job today. And with God's help, we'll see you all tomorrow. Take care. 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. 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