 right? 3x in the last, you know, in the last, you know, in the last year. Phenomenal. But again, it's not what it did in the past. It's what it's saying it's about the future. 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 and welcome to another edition of the Access a Trader dot com weekend update show. Hope everybody is doing well. So crazy market continues the election is still on. Trump is still fighting to the last day to kind of, you know, try to win this election. Big news obviously of the week that's pretty much set the tone with Pfizer, right? 90% effectiveness in their trials or in their studies, whatever, whatever you want to call it, a really, really big move. And then obviously the scumbag thing to do if you're the CEO is obviously make some sales, obviously, that's a whole different story. But again, I think the key to what we're seeing right now in the market is number one, we're trying to figure out or the market's trying to figure out how it's going to proceed to 2021 with COVID still here, which is obviously still getting aggressive. We're trying to figure out how the economy is going to adapt by this new wave or this new age of life, just like every single, every single day of life. And the problem with that is a lot of people are overthinking, they're doing everything possible to try to self sabotage themselves into the into the new year. Now, right now we are coming up on traditionally one of the most aggressive bullish quarters, right? The end of the year, it's the fourth quarter you have the Thanksgiving rally traditionally that comes up and then followed by the Santa Claus rally, followed by the January effect. The only problem with all that is we got every single bit of that and more in the last two weeks of trading. And which basically, you comes to the theory of, well, what do we expect from the market? What do we expect from now to the new year? Number one, you have COVID cases still surging. How is the market going to adapt to that? Now, again, I think we got a little bit of a sign from it from the COVID plays and we'll get to that in a second. I think right now we're in a delicate balance of trying to figure out what happens next and traditionally what has happened. Now, again, you could turn around and make a case, especially in the cues, for example, you could turn around and make a case and say, well, look, the market rested this week. The cues had a tremendous run. Everything is setting up for a very, very bullish run into the fourth quarter. We've negated the election. That's kind of in the rear view mirror, even though it's not quite settled. The market is doing a phenomenal job of shaking off all this COVID news. And again, you see Thursday and Friday, all these rumors and chatters about possible school closures. You saw a headline coming out of New York City, Mayor de Blasio, which God knows how he made it through the second term. But he's basically telling parents, have an alternate plan for your child come Monday morning. Well, hello, it's 10 o'clock in the morning on Sunday. When the hell are you going to kind of give a little more clarity? So you have a lot of things on the table. And the most interesting part about what is happening with this COVID spike here is the names that benefited. They're getting sold. And that's kind of something that I really want to pay attention for. For Monday matter of fact, I think majority of my game plan is the COVID names confirming back to the downside. And I want to give you guys kind of an example. So Peloton, they had this announcement with a deal with Beyonce. It's a big announcement. You got a big name attached to your product, co-venture. Everything's great. They had this rally. They had this rally. You can see here, again, why we use the five and the 10-day moving average is so very, very strong areas of either technical damage or rejection. So you can see here where it got rejected and turned around. So the idea that the news came out with Beyonce, everything is great. Shareholders loved it. They sold off the news. You can see it. They sold off the news from the PR. The PR was here on the gap and they completely engulfed the PR. TDOC, which was another really big beneficiary of the stay at home movement. It's the whole, you can consult a physician online. Pretty cool. Stock got upgraded on Friday with a $220 price target. COVID cases are spiking. Naturally, it seems like it's a perfect plate to run. It got sold. You're getting a little bit of a theme here. Zoom. Zoom is there's no bigger beneficiary of this whole stay at home movement. We saw that. We continue to see that. You continue to see the run it had in the last three, four, eight months. Huge, huge run. School closures are closing down. People are staying home. Naturally, you would think that the market would embrace this and buy these shares and start really pressing higher price per share. Again, you would think so, but they got sold. What is that telling me? I think basically the market speaks on price action. We always try to overthink things as traders. For example, if you told me two months ago that, hey, by the way, New York, New Jersey, Connecticut, I'm just using random states, would start closing down schools again. By the way, my son's school, they already sent an email out Friday around two o'clock. They're going virtual towards the end of the year. That's already in New Jersey. My daughter has been home this whole time. They're starting to close. If you told me on Friday that we were going to get headlines that school closures are going to be in effect probably till after the year because of this rising spike, you would imagine that these stocks would really explode, especially on Friday. Again, they did not do that. The idea of reality versus market price action, you can see a big disconnect. I think a lot of traders saw this news of school closures and possible, and a lot of corporations are still not letting their employees come in till probably in the summertime. This was a natural home run. Go along, forget about it. Wake me up in the summertime. That did not happen. Price action is king. Our opinions mean absolutely nothing. If you look at what happened on Thursday and Friday with these stay at home stocks, they got sold. Again, that's the bottom line. Again, it's not the idea that Zoom is not a great company. I use Zoom. I love Zoom. Probably everybody knows somebody who uses Zoom right now, so it's not the idea that Zoom is not a great product. I love Zoom. I think it's fantastic. I have a Peloton at home. Again, used it five times in the last three years, but again, that's irrelevant. People love Peloton. Again, one of the biggest movers on this whole stay at home movement, DocuSign. Again, huge, huge moves. Look at the move DocuSign has had this year. Tremendous, just absolutely tremendous. The stock has gone three times. Three X in the last year. Phenomenal, but again, it's not what it did in the past. It's what it's saying it's about to do in the future. Again, if all these COVID cases are rising, think about it, all these COVID cases are rising and the price action doesn't mirror what's going on. Again, it's pretty basic stuff sometimes. Sometimes you don't need to be the most aggressive and creative and experienced chart analyst. Again, use your eyeballs. If something doesn't go up, it must mean, right? It goes down. So that's kind of my game plan going Monday. You have obviously vaccine news, from a Pfizer. There's many that are NVACs, Moderna, Johnson & Johnson, AstraZeneca. There's a lot of companies that are still doing these trials. So you can possibly, why these things are weak, you could possibly imagine they're waiting for more positive trials or more positive data. So I think there's a lot of pressure going through these names. So again, I don't know what's going to happen a week from now, a month from now, three months from now. All I know is these stocks are not going up with COVID news. So again, my game plan for Monday is I'm going to let these things, especially like a stock like a Zoom, I'm going to let these things play out. I'm going to let the bear's thesis play out for every opportunity for the bear's to succeed. So in other words, if they gap up and they get stuffed into supply, I'm going to start watching those channels to the downside because if they do start confirming macro, again, you know what happened to these things. We had exactly the same game plan last Tuesday, right? On Tuesday, that second wave push, these things got murdered. So I'm going to be sell biased in these things come Monday morning. Again, obviously, they need to confirm. This is just a game plan. We're waiting for it patiently waiting for the confirmation until that happens. Again, it's not a trade. It's waiting for that setup to confirm. So it's very, very important. EV names continue to go. Absolutely bananas. We talked about them. Well, not to talk about that initially, but we started talking about the other players in the group. Obviously, everybody knows about NIO. They are reporting earnings. Let me look at the run NIO has had just from last, just from June from six to 55. I mean, it's amazing big blow off top. I know a lot of people traded it very, very well off that blow off top kudos to you guys. But the kind of the big picture of these names, they're not leaving. General Motors, Ford, the Porsche EV is sick, is absolutely sick. It's a beautiful, beautiful car. Tesla is obviously, again, it's very tough in my mind. It's incredibly tough in my mind to compare like a Tesla or a Porsche, a lecture car to like a NIO or what is it called, or a Neckla, NKLA, or LI. Again, I've never seen these things on the road. Tesla is gorgeous. The Porsche EV is gorgeous. Beautiful, beautiful cars. So I think there's definitely a big disconnect between what a stock is doing versus what a car company is actually producing. And in my area, and you see a lot of the suburban areas, also in the tri-state area, there's Teslas everywhere. They're literally Teslas everywhere. And that's the difference, right? That is the difference between a NIO and NKLA or LI compared to a Tesla. So before everybody starts comparing what a NIO versus a Tesla, come on, look on the road. Look on the road. NIO, again, as far as I understand, it's only being sold in China, might get into Europe. But as of right now, again, you cannot compare an orange to a hand grenade. It just doesn't make sense. But the plays are working and you're starting to see anything to do with electric vehicles really spike up. On Friday, you saw a GP just start losing. GP makes like, I think, and don't call me, but this thing exploded on Friday. Look at the volume, right? Had a really, really also big run in August. But I think they make like electric tractors or trailers, something like that. So anything you could see, anything with the EV is really, really exploding. We highlighted Fisker on Thursday's video. I said this thing has a lot of potential because, again, it's a real car. And I didn't realize, man, they made a phenomenal looking vehicle back in like 2012. It was gorgeous, man. It's such a shame. You can go on YouTube. You can, not on YouTube, on eBay, eBay Motors. You can see the Fisker would look like in 2012. It was gorgeous, man. It really looked like a really hot sports car. Right now, it's like between 30 and 40 grand that you can pick up on eBay, but really, really beautiful car. And you can see here, now, macro-wise, we talked about this whole channel here broke out, really had a big move. And now you're talking about it's getting very, very close macro to if this whole channel confirms this week, then you have room all the way up to the $21, $22 area. So it's something from the big picture. Obviously, I think the NEO earnings coming up this week will have a lot of weight on if these stocks continue to gain further traction or they're going to start getting a pullback. We'll see. Again, NEO had a really, really big run. Other than that, on the macro view, Q's, again, they did a good job. They rested this week. It was the only one of the indexes. It was actually in the red, half of a percent loss of the week. But it's okay. Again, the most important part is two days in a row on the rest. They are, again, staying above and building above the five-day moving average. If they can reclaim the 292 level, then again, we start getting a pretty good air pocket all the way back to this 297, 298 area. If you look at the SPX, for example, again, they did a great job. They held on to the five-day moving average, which we talked about on Thursday's video. They reclaimed the previous days high of 35.62. As long as they stay above the five-day moving average, 35.58, 35.59, again, you have a very, very high probability move to this 36.31 area, which is the upper Bollinger band. We are very bullish here, even though, again, a lot of the names, they don't just jump at you and just scream out bullish. For example, if you look at Amazon, it's nestled below the 10-day moving average, two days in a row. Again, that's not great. Amazon really needs to reclaim this like 31.70 area on a close. If you look at NVIDIA, again, NVIDIA is a no-man's land. It's failed off the top of the range here in the five-day moving average, but it held the 522. We're in no-man's land there as well. Tesla, again, another one, no-man's land. You can see there's a channel right here, the bottom of the channel here, held twice. The top of the channel here got rejected twice. Something eventually in Tesla will give. Hopefully, it will be this week, but again, you could see there's not really a clear picture. Stock like Netflix, right? Again, same thing here as well. Got rejected at supply, right? Rejected twice at supply. You could see a clear rejection, clear rejection, but held, again, rising support of the 50-day moving average. A lot of the NASDAQ 100 names are really, really kind of the middle of their ranges. They might be out of favor. If you look at names going into this week, again, you have to kind of use your alternative methods of getting and seeking alpha. That's the most important part, but without deviating from your core process. Because, again, the last thing you want to do is put on a position for the sake of the because of the market's open. Again, we talk about value in nausea. We just don't talk about it. We practice it. And the most important part is to identify where these stocks are. So the majority of these names look like they are in the middle of the ranges, but again, sooner than later, distribution doesn't end forever, right? Something has to get there. Either you're going to take out the top of the channel or take out the bottom, and at least we'll get our clear macro view. Name like Beyond, and we'll talk about the pivot feed in a second. Beyond, again, got rejected here. Rejected here twice right at supply. First close below 125, which is the rising support. I'll show you the pivot here in a second. But again, this thing looks like, again, if it confirms Friday's price action, again, can we test the earnings low? Absolutely. So again, there's a lot of things on the table, but a lot of things on the table need to confirm. My focal point going into Monday's session is obviously any confirmation to the downside on the stay at home names, the zooms, the docus, you know, there's a whole list. Docus, Zoom, TDOC, Peloton, Chewy, right? Chewy. Even though Chewy actually held up fairly well. You can see here Chewy did not give back a lot of the gains, you know, excuse me, didn't give back a lot of the gains after the initial bottom here. It's kind of holding up. The only thing that's holding up Chewy was that PR that Walmart is starting to do, I think, pet delivery. But again, it's a throw, stone throws away from kind of breaking out. It actually held up very well. But that's kind of my initial game plan going into Monday. And again, the most important thing is you have your game plan, you have your thesis, and now we're just ready to wait for it to confirm again. We're not trying to, I'm not looking to sell Zoom at pre-market. I'm not looking to sell at 931. I need a clear channel. And once it confirms, I will be to definitely the sell bias area. So let's talk about Friday's pivots really quickly. And again, this is how my whole point was, right? TDOC got upgraded, right? You have Peloton Beyonce sold. TDOC needs that 192 upgrade. Again, there's a little bit of supply. I said there's a little bit of supply here at 194. So it really needs 194 to recline. It never got even close. All right. And this stock got upgraded with a $220 price target. So again, big red flag sold on an upgrade. Again, I looked at Zoom on both sides, 437 to the upside, 420 to the downside. Again, when you're trading pivots, you don't care which way it trades. As long as it triggers and confirms the proper way. So here is the 420, right? Here is the 420, and they sold it. And this stock got destroyed. It went all the way down to like 398. Really, really aggressive move. And that's kind of my whole point. They're talking about, Bilalzi was talking about the biggest school system in the world, possibly being closed, and Zoom gets sold off. Check, check. You know, right? Red signal, red signal. So again, that's my game plan for Monday. CELH, I like this setup, man. I really do. 3280, 33 needs to build. And I still like that area, guys. Look at this setup here. So it had this really, really big move, okay? Gave nothing back. Gave literally nothing back, closing near the highs. If they could just clear out this whole channel here, everybody see that? Just need this Bollinger band to go lower. If this thing could clear out this whole channel, this thing is having a next leg up. I really like this thing going at the Monday. It didn't confirm for Friday. Roku didn't confirm. I actually like that 1.133 on beyond to the upside. Never got close to there. And then I gave a pivot back to the downside. SBE got rejected the same areas again. So I still like this thing. Just needs to confirm. Crowd never got to 139. Again, you know, ZM first support is 410. It went all the way down to 396. And again, here's what we talked about beyond. 125 held twice. Any close under, okay? This is kind of more of a macro view. But any close under can test earnings low. And again, here's beyond first close under that 125. You can see it first close under 125. Got to like 123. If this 123 loses on Monday, this thing will go lower. Netflix, big supported 480. If it builds below can flush. Here was Netflix. Gave a move towards end of the day here. Here's the 480s, right? Here's the 480 flushed down to like 477. But again, it could still go lower. Again, this is being thrown in and grouped with all these stay-at-home plays. Again, as far as I know, as far as I understand, why aren't we using like Netflix way before COVID? Why aren't we using Amazon way before COVID? What the hell they really have to do with COVID? I get it. You stay at home, watch Narcos. I get it. I get it. But come on, is it really that fair? But again, it's all fair in love and war. It's all fair in the stock market. So this was a sneaky pivot here on CELH. It needs to build 32 for the sellers to clear out. It literally got to, you can see my comments here. I go 32.75. Now it's huge. Take a sale before the cash, take a sale before just for cash flow. That was literally the high of the day. So it's really, really important to understand where your supply zones are. So I'm going to wrap it up. I'm going to wrap it up. Guys, enjoy your rest of your Sunday. I did the worst thing yesterday just as a kind of closing of factor for all you guys who are over 40 and I'm 46 years old. I was playing basketball against my son. I had point game, point game, baby. I was in it to win it. I was going for a layup. Then I felt my calf explode, literally explode. It felt like somebody shot me in my calf. Yada, yada, yada. I strained my calf. I'm going to see, I'm probably going to see a doctor within the next day or two. I got this like copper compressor sleeve on my calf. Oh, just terrible. Again, wrong side of 40. Not every victory is worth winning. Guys, have a great day. I wish everything but nothing but love and happiness and healthiness for everybody. Enjoy your day and I'll see you on the field tomorrow. Take care.