 You know, for every Roku, Baba, Spotify, Google, Square, Apple, Beyond Zoom, Shopify, all the stocks are red. You still have a lot of good green, big moves in the semiconductors, in Netflix, in touch. 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 dot com night, and wrap up show, hope everybody is doing okay. So, you know, we had not, I really didn't have any expectations going into today's session. We talked about the potential continuation of a distribution cycle that started last Wednesday. You can see here with that big, big reversal here after 10 days in a row of upward bias. So, we really didn't know what to expect. Matter of fact, when I woke up this morning, I saw the futures surging up 200 points. I said, well, it's gonna be a little tricky today, obviously, but you know, let's see what happens. Because again, when you looked at the news today, futures spiking pre-market because first distribution of the vaccines, obviously, that's a good thing. Hope springs eternal, that it works. Like I said, in the weekend update, there's no, at least no major side effects and we can kind of go on with our lives. So, things are very, very optimistic. The problem is, when you get a distribution cycle and you have some sort of news, it's gonna push a lot of stocks into supply. And the one thing when you're trading in the distribution cycle, right, things are stuck in channels. The upper supply and then there's the lower demand. And if everything gaps up into upper supply, what happens is stocks will get rejected in that area because distribution is getting through and things will get pulled out. So, if you look at a lot of beta names today, that's exactly what happened. You look at square, right? You got square, gapped up, sold off. You had Apple, right? Gapped up, sold off. You had Facebook, gapped up, sold off. Slowly but surely, Google, same thing, right? Gapped up, sold off. So, I really didn't have a lot of, I really didn't have a lot of conviction today based on what I knew potentially what could have happened and what did happen in a lot of names. The greatest thing about the stock market is and trading as a whole, sometimes things happen when you least expect it. So, for example, if you had told me Google, Facebook, Apple, sold off the names, gapped up into supply, came back in and everything was all, everything looked crappy. And you told me, oh, by the way, the same day that Amazon, Tesla and Netflix are gonna wake up, it obviously wouldn't make any sense. But that's exactly what happened today. And this is why I always say, trading is the greatest reality show that's not on television. You just don't know what to expect. And the most important part is, you have to be ready for anything, especially in 2020, which is again, we're only two weeks away. A lot of people are kind of winding down their year, including myself. And I said this morning, I said, look, I have no expectations today. I don't even see a lot of value today after that gap up into supply. And then little by little, little by little, we started seeing things wake up. Netflix was awesome today. And Tesla is Tesla, we'll get to that in a second. Amazon had a monster, monster move. After the close today, we saw, and again, this is where we talk about people know. People always know, especially in the options market. All day today, we saw the hundreds, 105 call buyers coming in after the close Goldman Sachs upgrades AMD. Ta-da, right? They also upgraded MU, right? MU Surging, and they also upgraded Intel, okay? So again, there was a massive call in the semiconductor space, and obviously they make up predominantly the majority of the NASDAQ 100. So it's gonna be again, curious to see if they could pull up the whole group tomorrow. And the one thing speaking of the NASDAQ 100, we talked about on the weekend video how important that 304 level is. Any close over 304 is bullish, any close under 304 continues to be in a distribution cycle. So what did the market do today? Obviously it closed it right at 304, obviously, just to screw us a little bit more. But the action today was very, very good, right? Very good, aggressive, again, you saw really aggressive call buying in Amazon today. And we saw the 3,300s, the weeklies, the 3,200s, the 3,300s, the 3,400s, we started seeing really aggressive call buyers even for January, and the key for Amazon was, at least initially, that first channel over 3,160, we'll talk about the pivots in a second, and obviously what did Amazon do, just like the Qs did, it closed right at the 50-day moving average, again, not leaving us not here nor there. But Netflix broke out today, really, really big move on Netflix. Like this is my move today, this is my play today, Netflix closed well, took out this whole channel here. Again, we're seeing 530 weeklies coming in, 535s. So Netflix looks really, really good. Tesla, again, we talked about over the weekend, they absorbed that offering within, what, two, three days, took out this whole channel, reclaimed the 5-day moving average. And the only reason why it stopped here was the linear regression line. And Tesla's literally one or two days away from reclaiming this linear regression line, testing those 654 highs. And then again, you see this B-line move, potential all the way to 700. And again, if you look at the pattern of activity, that in the call market, right, and the options mark in the last several weeks, you see millions of dollars being poured in on the 660s, the 700 calls, weekly calls just the same way we saw it today again. So again, Tesla looks higher as well. So I like what the market's doing. I still like what these SPACs are doing, IPOB, had a really, really aggressive move today, had some more juice after hours. So these SPAC names continue to be very, very good as well. So again, I think the key is every single day coming in, just with an open mind. Again, let technicals tell us which way the wind's gonna blow. But again, if you look at the dynamics, it's kind of where we are, which we only, what? 10 days away from Christmas, two weeks away from the end of 2020, it's gonna be very, very tough for the bears to seize control that's so obvious, unless something really comes out. And again, you can make a case that, oh, the Dow's sold off because concerns of more COVID spikes and, but again, at the same time, we get that part. We're all trying to be responsible adults. We're trying to save small business at the same time, but we also have this vaccine now that's finally sort of first distribution. So the headlines kind of don't make sense to kind of where we are. Don't we have to, as just human beings, or even as traders, have to give these, this antivirus vaccine, the kind of the benefit of the Dow. So I think that's what's gonna be the next chapter going into the first quarter of 2021. So we'll see. So every single day, guys, now until the end of the year, again, just have an open mind, bulls continue to be in control. There obviously is a disconnect between the Dow and the NASDAQ today. There's also a disconnect and a lot of beta names. Again, for every, you know, for every Roku, Baba, Spotify, Google, Square, Apple, Beyond, Zoom, Shopify, all the stocks are red. You still have a lot of good green big moves in the semiconductors, in Netflix, in Tesla. So again, trade individual names very, very specifically. And again, let technical analysis be your guide instead of what you think is gonna happen. So again, if you look at the scoreboard today, cues, again, even though they gave us an inverted hammer, which is a bearer sign. Okay, don't think for a second, inverted hammer. If you see an inverted hammer here, that's a sell sign. But I don't know, right? I don't know. Semiconductors got upgraded after the close. You know, can we, you know, get a sell-off back in the cues tomorrow? We'll see. Again, I think it's predicated on how strong the semi-names can be and can they continue to drag everything up after the Goldman Sachs upgrade on the semi-names after the close. We'll see, you know, we'll see there. If you look at IWM, again, same thing. You have this inverted hammer, but at the same time, you have three days in a row of higher lows, right? So again, the market is kind of wishy-washy. It's not really giving us a lot of conviction. The Dow, again, got rejected. Again, folks, when we talk about stocks going from supply to supply and demand to demand, again, here's a perfect example that emotional buyers met technical sellers right at the Bollinger Band, guess who won? So the technical analysis works. So, you know, tomorrow, you know, make your watch list. Again, Netflix looks really, really good. Tesla, again, maybe, you know, Tesla has one more day of sideways action. But again, you can see the top of this range that should get tested. You know, I mean, this is, I'll tell you one thing. The video has to be, and it had a phenomenal run this year. And I, you know, we've done incredibly well with the name, but boy, oh boy, over the last month or so, this by far has to be the most disappointing name along with Amazon as well. But again, I'm watching it tomorrow. I figure to reclaim the 50-day moving average, right? Can it possibly wake up then? Right, we'll see. So that's that. So, you know, I'm kind of dealt a new show going into tomorrow. You know, the fact that a lot of the index is put in either inverted hammers or got rejected of supplies. Is that really what I want to see on the bullish case of tomorrow? No, but at the same time, again, we have no fear. There is no materialistic reason to turn around tomorrow and say, sell everything. But again, will it shock me if they rub-pull the same way they did on Wednesday? No, no, nothing. Nothing is shocking. As long as you are prepared for it and you're not naive to think nothing can go wrong, I think you'll be fine. So trade everything trade by trade, one day at a time, going to the New Year, start off 2021 with a fresh head with no buys and we'll see what happens for this year. Other than that, again, you didn't need a lot today. And that was the most important part. You really did not need to be in 500 stocks. The stocks that woke up today were the stocks that we traded. These were beta names. These were names that we covered throughout the years. And I tell you one thing, I think this year got really, really lost as much as like Amazon put on some really big moves this year, Amazon also had like five or six months that it didn't do anything. And the same thing with Netflix and the same thing with a lot of these beta names. If I had to say, you know, if I had to have a bold prediction, kind of going into 2021, if there is going to be any type of strength, I have to assume these stocks are gonna wake up at some point and really start going on a majestic run. And as great as these SPACs have been and these EVA names, there's no greater feeling. And for all you guys who trade technology and beta names, there's no greater feeling being on board of a runaway train on Netflix, on Amazon, on Facebook, on Apple, so fingers crossed, hopefully money will rotate into these names. So let's talk about today. Again, not a lot of things confirmed, but the ones that did did incredibly well. Apple didn't confirm, Boeing didn't confirm. I was watching this SPAC name. This didn't confirm. I was watching this SLDB name. This didn't confirm. ZS, not a big move. I still like it. Have to watch it this week. We talked about this 185 level, traded up to 87 and a half, but again, little disappointing that it didn't make that push, but I still wanna watch the top of the range here for the rest of the week. And here is, again, here is Tesla, just an absolute monster. People were asking me over the weekend, what did I think Tesla on this offering? And once Tesla absorbed this offering a couple of days ago, the price action spoke louder than words. And today, all it needed to do was confirm Friday's high, which was 6.24, that's why I put 6.25 sneaky, and the macro range from last week, 6.2830, and Tesla exploded. I mean, really, Tesla just really went ballistic and stopped right at supply here with a high of 6.43, it's a really good move on Tesla. Amazon, again, Amazon macro play, any close over 31.60 is bullish. And Amazon really exploded off that opening print. And the most, the disappointing part about Amazon, it was building, if you look at the whole day, it was building majority of the day above the 50 day moving average, and the market got pulled and it closed right below it. So here was the 61.60, and it literally put up like a $35, $40 candle. And I really thought this was the day it was gonna start piercing 3,200, especially all the call buying, but ran out of juice towards the end of the day. AMBA, I like this AMBA chart. It's just the problem with this chart is it's thin. But look at the setup, guys, look at the setup on Ambrella. If this was Tesla or Amazon and Netflix, man, I'd be in this thing with two hands, two feet, and every other part of my body. But this thing just trades so thin, 450,000 shares. I'd like to see if you guys are trading smaller shares, you know, keep an eye on it above like today's high. If it starts building, there's a lot of room that it has, just unfortunately it's a little too thin for me. Netflix was really good today. Not only did it confirm the sneaky candle off that 508, it confirmed the recent range highs. I got one in that opening range of 510, really big move on Netflix. I still think it goes higher. So it took out this 508, right? Here's 508 is this whole 508 was the linear regression line. It was right over here. So it took that out. And then it took out that 52150, which was last week's high, and traded all the way up to 524. If this thing starts confirming, look how much room you have for the rest of the week. So definitely keep an eye on Netflix. Great, great mover. Twitter a little disappointing. I caught this for a scalp, but it really didn't do anything. It was really disappointing considering we was sitting there and just watching the 55 calls coming in. So it took out this 53, it ran up, put up like 40, 50 cents, and then just didn't do anything. I'm a little bit disappointing there on Twitter, but I took a little cash flow there. So again, here is the call buying that came in, which is very, very odd that it's sold both towards the end of the day. First move went to 517. Obviously 517 turned into 525. Again, exploding 660, 700 calls came in, and here is kind of the thought process behind all these moves. So we had a lot of really big moves today, but these moves were kind of condensed, right? Really condensed here. The 530 weeklies were coming in as well. So I think going into tomorrow, let's be open-minded. I still wanna give the bulls the benefit of the doubt, but again, folks, always keep in the back of your mind that nothing needs to happen. Always take money along the way, always use break even as your stop. And again, remember, there's no such thing as slam dunks, right? You could look at the data, you could look at the chart, everything looks great. It's going your way, yada, yada, yada. You better take money along the way, because again, if not, they'll take it right back. Guys, have a great night, everybody. God bless, and I'll see you all tomorrow.