 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, giving everybody welcome to another edition of the Access to Trader dot com nightly wrap up show. Hope everybody is doing okay. So I don't want to talk about any any corona news right now. Okay, we all know. Okay, it's a I've every man has this limits. I've read out of mind, right? I think I think throughout the day, getting the doom and gloom report, I think is is is sufficient. We don't we don't we don't need to extend it in the overnight. So everybody kind of knows what we need to do. Stay safe. So the biggest question is always and I've been getting this on a daily basis, especially when you get any type of movement back with the futures. And you know, is this the bottom? Is this the bottom? And again, if you've been watching the videos, we're nowhere near a bottom. Okay, we're absolutely nowhere. We're absolutely nowhere near a bottom again for all the reasons we've been giving now for for weeks. Okay, but you know, it came to you know, I started thinking about it and you know, I want to kind of share how I start looking at a bottom or at least how I start looking at what a bottoming out process looks like. Okay, again, who's to say when that's going to be that could be tomorrow that could be two years from now. Okay, we don't know. But there's specific things that I look for in a rounding bottom. Okay, eventually the stocks that are going down on news, right? Let's just say all the stocks. Okay, we have we have a very, very aggressive catalyst right now. Okay, we haven't seen a catalyst like this in a very, very long time. Okay, and the problem is nobody knows how this movie is going to end. We believe we're optimistic. We're hopeful. But again, hope, you know, Hopium, right, the drug of Hopium doesn't work. Okay, so we have to be realistic. And when I look at a bottoming out process, I always look at stocks stop going down. Now again, it sounds very simplistic. It sounds very moronic to say. It's all true. But this is all reality. Stocks eventually get tired. The way stocks get tired on the way up, right? And there's a roundabout top exhaustion quote unquote blow off top. The same way stocks get tired going down. Okay, sellers are aggressive on the way down. The catalyst is there. They're punching through walls. They're, you know, they're going, you know, sales like knife through butter, they're killing you. Shoot first, ask questions later. Eventually sellers get tired as well. And they run out of shares. And the short sellers realize something is way oversold. Again, this is probably not that time. Okay, but I start looking for clues. Okay, I start looking for many signs that stocks are at least stabilizing sellers are at least comfortable at those levels. They might not know it subconsciously that they're tired of selling, but they are. So I start looking for signs. Number one, again, stocks just stop going down on bad news. Okay, the same catalyst that took us down is the same catalyst that eventually, no matter how bad the news is, traders start going numb. So for example, we knew how horrible 9 11 was, we knew how horrible terrorism was, we knew how horrible the mortgage crisis was, we knew how uncomfortable, how horrible people losing jobs and people losing their homes. Eventually, okay, people started to learning how to live with with all the bad news. Okay, it's almost like a horrible marriage, right? People get married, they love each other, it's, it's, it's, it's marital bliss. Two years later, they can't stand each other, they can't have a conversation for five minutes. And the next thing you know 10 15 20 years ago by their numb to each other, they're numb to each other, they don't hate each other, they don't love each other. They just know that they're there. They're like a piece of, they're like a fern, right? They're like a fern. It's like a plant in the corner. They know that they're eventually trading is exactly the same way. Stocks get tired, traders get numb, 1000 point gap ups are normal 2000 point declines are normal. Everything is normal. Now what we saw today, okay, what we saw today, I kind of liked. Okay, we'll get to that in a second. Okay. The most important part in my opinion is stability to that numbness. And we have to stop for for us to have any form of a rounding bottom, okay, and sellers to get tired and traders to go numb. Futures have to stop expanding overnight. The cash market just has to stop. We can have as soon as the market closes down 800 points as soon as the market closes, we're down 1200 points. The, you know, the spies can't go down lock limit five minutes after the futures, you know, after the market closes. That can happen. The market has to contract. The futures market has to contract. We have to start going from down 1000 to down 500 to down 200 to flat to hell even up, right? Again, we're not there yet, but that's what has to happen. So for example, today after the close, you know, this is the first day I actually have a watch list for tomorrow. Right? And I'll give you my reason in a second. This is my first day I actually have a watch list for tomorrow. And then you look after the close, right? Tesla comes out with some news strongest stock today, biggest move today, blah, blah, blah, for the exception, maybe Amazon point wise, biggest move today after the close, they come out and say, well, we're suspending a temporary plant. Our cash at hand was this and blah, blah, blah, blah, and the stock is getting killed and everything's $5, $6, $3 off, off the levels, $10 off the levels where I want to buy them for tomorrow. Again, we'll see what happens tomorrow. That's why I keep on saying is, you know, I kind of like the action today. And I did. I thought I thought today was actually the first day that we had a couple of things. We didn't have this crazy volatile swing up and down 1000 points all day today, right? Everything today was up 50, up 300, up 150, up 200, right? The futures trading was getting tighter, the channels were contracting. That was good. And the most important part what I saw today, this is the first time I saw this in a month, right guys, in a month that stocks were just grinding higher, right? Just grinding higher. Futures were going like this, dipping, dipping up, dipping, dipping up. And these stocks were not selling on these dips. These were very, very good signs. And I said this this afternoon, I go, look, man, there's a really good chance that we're going to rally. You know, these stocks are going to start taking out highs towards the end of the day. And they did. I mean, you had Tesla exploding. You had Nvidia exploding. A lot of names exploded. Roku got stronger, which I really like for tomorrow as well. So we started seeing good signs today, right? And I said, well, you know, maybe some news doesn't come out overnight and it's anything's crazy. Maybe we have another rally tomorrow. And I started looking at the cues and I said, well, let's dive into this. Again, not saying this is a bottom. Forget about it. Again, we all know this is not a bottom. But again, there's always tradable opportunities to the long side of multiple days if the market starts to stabilize and without new materialistic news. And I looked at the cues and I said, well, wait a minute. Now we have this is a daily chart in the cues, right? Although they look terrible and they got rejected off the five day moving average, right? We see five days again, the birth of the trade, the shortest term interval of sentiment. I did turn around. I said, well, wait a minute. If you look at the cues and again, we have to start looking for some positives. Again, we can't go through doom and gloom on every little thing we talk about, right? So I started looking at the cues and I turned around and say, well, we just, I just realized that, you know, the cues have closed on green candles, right? Four out of the last five days. Now, what does that mean? It means the close of the day was higher than the open, right? That's a positive. A day of contraction of the futures market, which we had today was a positive, right? Stocks not going down 900 points after the close on any type of announcement to be determined. As of right now on, you know, I'm looking at right now, I'm looking at right now and the spies are, spies are down 1%, right? They're down 1%. So basically taking down today's, today's, today's any type of gains. Now, how does that work for tomorrow? And look, if the spies, again, if the market kind of engulfs whatever news is coming out overnight, fresh materialistic facts coming out and they start confirming today's prices tomorrow, then again, this cycle of higher closes, right? Higher closes than opens is going to be intact. And the most important part about tomorrow's session is if we can reclaim today's highs and start building, then we have a multiple day run in our hands. Then all those things we just kind of talked about, market getting numb with no materialistic news. The market's kind of getting, market participants on the sell side are getting tired. Maybe we can have a multiple day rally. We will see said the blind man. That's the whole point. We will see. Again, I still don't feel comfortable taking anything overnight. I still believe the ranges for the most part every single day are very exceptional. Okay. And if you wait for these confirmation channels, you could do very, very well. But at least again, baby steps, right? Fingers crossed, you have to start somewhere. I think the traders globally, right? I think the traders globally need to hang their hats on something this weekend. If you can't leave your house and you're going stir crazy and you don't want to watch the news anymore, because it's like the freaking green reaper entering your house at every single second of the day, you need to have some sort of optimism, right? You really do. We need to have some sort of optimism. So if we can have all these factors I just talked about today kind of spill over into tomorrow and the market gets bought on that dip and they start confirming today's prices. Again, I think it could be a little bit tiny baby step forward to kind of a recovery. Again, we're not at the bottom. Don't think we are. You know, what we're talking about now, you know, New York City now is up to 3,600 confirmed cases. Again, you freaking donkeys. This is what happens. You go to St. Patrick's Day, right? Go boozing and drinking. Everything's all good. Oh, what do you think is going to happen? But again, it's a right step in that direction. So let's talk about today's day. Again, you don't need to have overnight positions. You really don't. There's a lot of really good value throughout the day. Again, for all you guys who've been kind of watching this broadcast now for a while, you know, you kind of know where we stand by now. Again, if you're having trouble in this market and again, your whole process is based upon daily charts, again, they're skewed. They're flawed. They're damaged. The ranges are the purest form of getting alpha. It's just the reality. And, you know, again, we've been demonstrating the power of the pivot for a very, very long time. This isn't like two months. You know, we've been doing this. We've been trading pivots for eight years. For eight years, I've been showing the power of the pivot. So if you are having trouble and you'd like to check out the live webinar, again, everybody's home. Again, there's two pure forms of income potential right now with everybody not working. You have online casino or you have the market. And again, it's very, very tough beating an online casino considering the odds are stacked against you. So let's talk about this. So you see this right here. So again, same game plan today like the other day, waiting for channels to develop and confirm, take cash on the way up, break even as you stop. And again, I said this every single day. Anybody who's trading with us should never trade in any fear. Okay, trade with complete confidence, business as usual. And again, you can see how aggressive these pivots were. They weren't all great. Okay, I caught two like a schmuck that I didn't make money on, but there was some really good stuff. So let's talk about this. Amazon was definitely the point mover of the day, 1848, 1850 build. Amazon just went nuts, absolutely nuts. Here was the 1850, right? Here was the 1850. It started building, started confirming 1870 and Amazon just went nuts, went to 1945. You just saw a huge call buying, right? Huge call buying the whole day. Big, big move there. Netflix has just been a machine. It's just been just a monster. 320 rejection three times pre-market needs to build. Here was Netflix, right? You see this 320, 320 just exploded, right? Went to 347. Roku, Roku, the initial move on Roku was very, very good. The second entry, I'm a schmuck. I forgot to do a second entry. I bought it the first time around. It was one of my losing trades of the day. But anyway, the initial move was pretty big here. 69, 60, 69, 75 needs to build and it exploded. Roku really, really exploded. Here was the 69, right here. Here was the whole 69, 75 area. The first move was like the 73, big, big move there. BYND, if it builds below, can flush. 50, 40, 50, 50, 50, excuse me, 50, 40, 50 dollars whole number. If it builds below, can flush. Here was BYND, right? Here was BYND. Here was the 50, 40, 50 area. Went all the way down to 48. Before it reversed. Here is one of my two losers on the day. AKM was way too thin. Was way too thin. I bought the stock and I looked at it and I'm like, okay, buyer's still waiting. So, wound up losing 60 cents there. Again, no big deal. This was obviously the first big pivot on Tesla here. 381, 381, 382 needs to build. Tesla just went insane. Tesla went absolutely insane. Here's the 381 right here. 381, 382. First move once was the 400. First move was the 400. Then there was another pivot I put into the channel. I'll show you guys in a second. It went from 427 to 451. Monster move. Tesla's the best stock out there. It really is the best stock to trade. CHUE 33 needs to build. You can see there's a really good value today. CHUE 33 needs to build. Here was the 33 on CHUE. Went all the way to 35. Big move on CHUE. Zoom exploded. 124.50, 125 needs to build. You get the idea. There's some really good value today. Here's the 124.50, 125. Went to 131. Work. Again, for all you guys who traded work, I actually traded work. Made some money. Didn't make 21. Anyway, 1880, 19 needs to build. I basically did okay with it. When I say okay, literally okay. As soon as I sold it, it went actually down a dollar. I was like, wow, good sale. Then I turn around and the stock went to 21. Da, da, da. Roku had a big initial move. Tesla had a monster move. CHUE had a monster move. Amazon had a monster move. Work, new highs. Really went new highs. ZM, new highs. Again, good. 1871, nice trade. It was good. Here's where I screwed up. Here's where I screwed up here. I set everything second entry. Like a schmuck I took. I didn't wait for the second entry. Cost me a buck on the trade. Again, guys, always remember, there's nothing the market can do to us that we can't do to ourselves. I would have had a really, really big day for my Roku. My Roku kind of stupidity. But again, it is what it is. The video I caught twice. Did I even put the video trade in here? I don't even think I put this in here, for some reason. We traded the video twice. I caught the video twice for like three and change. I think I might have backed and put it on Twitter. I think I did. I think I backed and I put it on Twitter. On my regular account. I apologize, guys. But we traded the video twice. Here's the second pivot on Tesla. 427 sneaky area needs to build. Here's Tesla. Just absolutely exploded. Here's the 27 right here. Here's the 27 right here. And it went all the way up to 452. Huge move there as well. Tesla new highs on deck. Huge, right? Huge. Again, because of the corona scare, my man Jean Francois in another world. We're all isolated. I will take the chance and kiss you on your mouth. Mwah, right? Amazing day. Absolutely. Some really good value today. Really, really good day. Again, that's the name of the game tomorrow. Again, it's a new day. New day, again, same game plan. If we gap down, the value will be to the upside. Obviously, if we gap up, you know what, before we gap up, I'd like to say the value is going to be to the downside. But I want to give... I'm only going to give them a little bit of time. But I want to give... If we do gap up tomorrow, I want to give the bulls a little bit of time to kind of wash away some late shorts, or early shorts, and maybe start confirming today's prices. Maybe the queues can have a higher close four out of five days. So guys, have a great night, everybody. God bless. Stay safe. I love you all, and I'll see you all tomorrow on the webinar. Bye-bye. 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? Unlock our free PS60 vault, where you'll get nightly updates on pivot opportunities we're watching for the next day's session. Click the link in the description to get started today.