 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 accessotrader.com nightly wrap up show hope everybody is doing well. So it's pretty much kind of a rinse-repeat market, as we've been talking about now for the whole start of 2020, which seems to be like one big minefield. It's literally the same thing. Horrible news, horrible reality, horrible world, the worst year ever, bare market, bare economy, everything stocked out at high the day. It really is a rinse-repeat. If you go back to kind of how the cycle works, it's groups of strong stocks making a move, whether it's two, three-day moves. The second group of stocks moves up one, two days. The first group rests. The second day takes their place. And then the second group lags. The first group goes up, and meanwhile slowly but surely it's like it really is a race. It's just a race one after another. And if you look at my comments from yesterday, everything happened that I talked about. And again, there's a reason why I say this. So pre-market, we got a gap up last night, number one. And this is, again, how strong the market and how strong the sentiment is. Last night, Trump came out and said, if everything hits the fan, we could be looking at martial law. Nobody wants to hear that. Nobody wants to hear martial law. And the future started selling off. And you started seeing very, very quick aggressive sell-off in the cash futures. And then you wake up this morning, like nothing happened. Like completely nothing happened. It's like one big Disney movie. It all goes away. It's always a happy ending. And the futures are up 100 points. And quickly what we started talking about last night was this 235 level, right? So the market gaps up and instantly loses that 235 level. So if you guys remember from last night's comments, they said, hey, keep an eye on the tape. If they start losing that 235 area, we might get a pullback. We get that pullback, right? We absolutely get that pullback. There's absolutely, exactly. I said, all right, the market's playing out. And again, what I always say is just because the market goes down doesn't mean the market is a short. And I kept on reiterating that point in the live webinar. Because again, as long as we maintain this upward bias in this channel, because again, every single time it hits the bottom channel, it bounces. Bottom channel bounces. Bottom channel bounces. So it wasn't to the point of, I want to get short stocks. I just want to see how these strong stocks, whether they're going to rest today, rest tomorrow, or just rest today and just go later. And everything happened. And everything exactly happened. You had the strong stocks that put up a very, very aggressive move yesterday, right? They kind of rested today. And the stocks that we talked about, for example, last night, that were kind of, I don't want to call them laggers, but stocks that didn't participate in yesterday's rally. For example, like a shop for an Ali Baba, right? Like a square. They were already setting up for today's action. And when you look at what happened in the last 15 minutes of the day, it really does show exactly what the market has been doing now since the start of the year, since the start of pretty much it feels like every bad news that could possibly hit on the table. And then again, it's rinse, repeat, rinse, repeat. And again, the question is, how long can people still complain about the absolute worst bull market? But this is actually the worst bear market of all time. Think about it. Again, how could a bear market? How could a bear economy? How could a bear sentiment be this good? But again, if you go back to months and months and months, even March, just stop thinking about it, man. Just the stocks are strong. They're keeping on buying them. Every dip gets bought onto rising 60-minute support. The stocks that are weak, they're even rallying as well. So until there's a completely big macro, and I'm talking about macro, I'm not talking about one group rallies, and then there's a res day, and then there's a rotation to something else, I'm talking about when there's a complete buyer strike and stocks start losing, I'm not talking about the five, 10-day moving average. I'm talking about the 50, the 200-day moving average. Again, you have to respect the bottom 60-minute range. We've been doing these bounce plays now for a long time. I've been recently started little by little sharing them. Yesterday, for example, I shared a bounce play on Amazon that rallied about $14 today. We shared a Tesla bounce play in the bottom of the range, almost one green in the day. Very, very close. Good structured res day today for Tesla. But again, I think the biggest problem that a lot of traders are really coming into facing is they're trying to really outsmart the reality. And right now, we have an incredible tape. We really do. And again, the more you try to rationalize it, the less aggressive nature you're going to be applying to your trades with very, very small convictions. So I've been kind of echoing this thought process for the last two months. Stop thinking what you think is going to happen. We all know the numbers. They're horrible. Market continues to be good. Again, look at Zoom, right? The question of Zoom today, they came out earnings and the question of Zoom was, well, everybody knows they're going to beat, right? I think even my mother's on Zoom. Don't know who she's calling, but my mother's probably on Zoom. So they destroyed their numbers. The question was, was it baked into the stock, right? Big, big run on Zoom. You go back, even the last four or five days, the stock has gone up 60, 70 points. So it's not a point of if Zoom is going to beat, how is the market going to react? Again, pretty tamed, pretty tamed spiked up to the 2018 to 2020 level. Now it's kind of flat after the regular session. But again, it's almost like the same theory that I asked a couple of weeks ago on the video, right? Does it matter if the stock even goes down tomorrow, right? Look at the run. Even just go to the run in the last like four or five days. The stock's up 60, 70 points in the last four or five days. Does it really matter if the stock comes in tomorrow and test the 205, the 200 level? And again, this is what really shows the amazing internals of this quote unquote bear market. And this is why again, this market is one of the most, if not the most, hated, well, now bull bear market of all time. So let's talk about the indexes really quickly. Again, you look at the cues, huge late day surge. Again, we're still looking for that area to clear. We just didn't clear it just yet, but we're very, very close to clearing the top of the channel. When you look at the diamonds, again, market continues to be very, very strong. Again, we could test this supply here, 26,200 or so, very, very strong. S&P will use the spies as kind of a barometer. Again, just slowly, but surely swiping in, just bringing in more shorts, more shorts at the bottom of the range. I bet you again, if you look at the 60 minute view, and this goes basically for every stock, right? Every stock out there right now, you're looking at the same thing. It goes to the bottom of the range, they spike it back up, goes back to the bottom of the range, they spike it back up. Sometimes it doesn't even get to the bottom range. It kind of goes to this middle channel here, spikes it back up, and this is over and over again, and until we start losing like this, right? The buy the dip theory, at least for this interval, is very, very important. So going into tomorrow again, I'm using basically the same theory that I used today, like I'm not looking at stocks that are up 600 days in a row. I do agree, like for example, Tesla and Tesla had a great, great session today, not because it was super strong, because it was super constructive. We had a couple of bounce plays on this thing, on the bottom range. We'll talk about the pivots in a second. But what I like what it did, it put a very, very good, strong session today, smaller volume closed in the middle of its channel. This is the highest close for the exception of yesterday in this whole formation. This is one, two days away from really exploding. If you look at the pure speculation money that was being thrown around today, on every dip, by the way, we saw today the 900 weeklies, the 920s, the 950s, the 960, the 1,000, and the 1100 calls for the weeklies. So this might rest one more day, but you know close at expiration, Thursday or Friday, they're gonna start jamming this thing up again. Again, the key is to be patient, continue to buy this thing off the 60 minute channels until it starts confirming this linear regression line a little bit later in the week. Also, again, if you look at the names that have been kind of consolidating, they're starting to really come out. And you saw Microsoft, for example, big $3 million bet today on the 185s, came out of a rain shop that I spoke about last night. And again, we'll talk about the individual pivots in a second, but you can see stocks that are coming out with really, really strong distribution, really, really popping out today. Names like Chipulti as well, right? Chipulti, big strong move a couple of days ago coming out. Now if you look at names for tomorrow, right? Like look at NLW, look how tight this channel is. Look at Google, right? Google is coming out. Boeing I think is probably maybe what? A day away, that looks good. Look at Netflix. Netflix tried to crawl above this 10 day moving average. So the names that we've been watching are looking for confirmation. Again, they're just playing possum. Again, that's that terminology. They're slow playing. They're slow playing the bears, getting them comfortable. And again, they just start taking off as well. Also in the video as well. And the video is starting to put in a very, very tight challenge. If you know this thing, it's just a day away. You see how it keeps on defending this bottom channel the five day, okay? So this is also like a day away from really, really exploding. So going into tomorrow, again, I'm looking for rotational names that have been going through four, five, six day distribution. Definitely on watch tomorrow. And again, they played out exactly how we talked about yesterday. Again, Alibaba, we talked about highlighted last night, 208 needs to build. Alibaba's candle today, it felt like they cured COVID and racial equality all in one candle. Seriously, look at this candle. Here was the 208, right? Here's the 208 just absolutely exploded. We started watching 220, 230, 240, near-term expiration, July call buyers coming in. Just an amazing move, absolutely amazing move. Shop, 72 needs to build, got upgraded this morning. Shop looks great. The 800, the 820 calls started coming in, right? Stock went to 84 and change. I think this thing in the next couple of days should see this 812 area. Looks great, fantastic move there as well. Facebook didn't confirm, Netflix didn't confirm, square, huge move, right? We started seeing the 87, the 90s, the 95 call buyers coming in, all short-term expiration. Here's the break, right? 84, 20 went right to 88. Big, big move on square. Again, that name needs to be bought on weakness. Here was the first early spike here. You know, we caught this thing for a couple of bucks in the morning. Again, it's stalled out by the linear aggression. When 904 went to like 909 and then it came in. But again, I really, really liked this thing for more distribution and buying it on dips instead of strength for the next two days until it gets to expiration. The video was still watching. Here was AAXN. I found this thing pre-market. I'm like, what the hell is AAXN? AAXN is the old taser. If you guys know what we remember what taser is back in 2003, 2004, that was the closest thing we saw to the internet craze, right? To this overnight spikes over and over again. And this is the old taser, body armor, stun guns. Obviously a pure play on unfortunately, the riots and looting and all that stuff. So here was AAXN, 92, 93 needs to build, right? 92, 93. This thing exploded. This thing went to 100. So big, big move on AAXN. Boeing didn't do anything today. I still liked that level. Baba watched the spike take on the way up, square take on the way up. AAXN first candle was 96, then it went to 100. Baba just going nuts. Chewie, again, perfect example of water flow. Chewie, we started watching 47, 60 needs to build. Again, you started seeing repeat aggressive, $50 weekly call buyers. Chewie went nuts. Again, another play of the stay at home movement and took out the 47, 47, 40 area and almost went to 50. Big, big move on Chewie as well. AAXN, again, big, big move on AAXN. Microsoft, again, we talked about 84, 40 needs to build. Guy comes in, right? Guy comes in $3 million bet on the July 185 calls. And here's Microsoft. I still like it for tomorrow. Here's the 84, 40 closed right at the high of the day at 85, still looks like it wants to run for tomorrow as well. And again, and this is kind of what we do in the live webinar that I don't usually put in the Twitter feed, but I thought there was value here. And I said, look, I usually don't put these bounce plays, but 883 on any dip, 883 and 877 rising support, dip buyers coming in again, 960, 1100 call buyers. And this is a really great bounce. I mean, really, really great bounce. I started buying some at 83, right? And I bought more at 77 and change. And the damn thing, like really started spiking went all the way up to like, 96, 97. Again, it's just plain possum guys. I think you see a lot of really novice traders that hate the stock and hate the company. Well, this thing's going to 800 tomorrow in the bull case. It's going to 1100 tomorrow. It's not going to 1100 tomorrow. It's not going to 800 tomorrow. They'll probably be one more day, one or two more days of kind of going sideways, suckering shorts, shot, suckering shorts. And probably by Friday, we'll get that big confirmation together, but again, big, big bounce there as well. Perfect, you know, take on the way up like any other trade. Yeah, Michael Green, it literally went, it was down 20 and literally went within a dollar or two of going green on the day. So that's it. I mean, in Amazon, late day on Amazon 2469, not a big move, not a big move, but I still like Amazon, you know, only went up like four or five bucks. And this was the one towards the end of the day on shop. I really liked shop. And here's the setup, 77172 needs to build and shop. Again, put up a $12 candle into the clothes and obviously I still like it tomorrow. Now a lot of you guys are along the 815, 1820 calls. So this looks great. So tomorrow, again, got to give the bulls the benefit of the doubt. Rotation is still in full effect in beta, in high tech. The most important thing is we have to watch how channels are confirming in the morning. We have to watch how stocks trade with the futures because again, keep this in mind, everything's still bad on the surface and it doesn't mean we need to continue with this mantra. So I always have one eye on the futures, always have one eye on reality because I know again, the last thing you want to do is get caught in a rug pull. Guys, have a great night everybody. Good job today and I'll see you all tomorrow. 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.