 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, giving everybody welcome to another edition of the AccessaTrader.com nightly wrap up show. Yeah, what you're seeing in front of you is pretty real. Okay, if you go back to a couple of weeks and it all started, we keep on reiterating the point every single day. And I think, again, the really smart crowd on Wall Street, the it doesn't make sense crowd, the 25 million people filing for unemployment crowd, the stay at home band crowd, it doesn't make sense crowd, right? Market doesn't make sense. Remember that a couple of weeks ago, we kind of realized that it doesn't make a difference anymore. Okay, I think more people are going to be more on tilt in this move in the market to the upside. Just in the last three weeks, then we actually saw the destruction of equity prices to the downside in March. And after tomorrow, we're probably after this gap up tomorrow, and we'll talk about individual pivots in a second. But we're literally going to eliminate those losses. We're going to eliminate those losses for the month of March. And I'm telling you, when it's all said and done, and all the smoke is clear, you're going to see funds blowing the hell out, not on the way down on the way up, because again, it didn't make sense. They were going to have crappy earnings, blah, blah, blah, blah, blah. And I've always said for years and years and years, there's so many hedge funds out there and blah, blah, blah. It's much easier to raise money than to manage money. And the most craziest part about this is nobody's ever experienced it, but yet it's starting to get painfully obvious that no matter what you do on the short side as a longer term thesis is being completely pushed to the side. And ever since, earnings has begun two and a half weeks ago. We've been talking about the possibilities of company after company after company, no matter what they come out with, doesn't make a difference, no matter how crappy their earnings are, the market is going to give every single company a pass. And that's exactly what we're seeing. It started off, and again, the most amazing part, it started off with IBM. It really did. It started off with IBM. They came out with earnings. And ever since earnings, the stock has gone from 112 to 130. Caterpillar came out a couple of days ago, down 20%, blah, blah, blah, all across the board. The stock is literally 15, 20 points above earnings. And again, if you look at what's happening this evening, and if you thought that the companies that were suffering because of some sort of slow down in closing the doors or whatever the case may be, look at tech, right? Microsoft exploding, Amazon, Amazon is reporting tomorrow. This is just on the tail, on the fumes of what's going on tonight. You got Facebook surging, Tesla's just going out of its mind, completely out of its mind. You got Microsoft surging. So if you thought today's 3.5% move on the Nasdaq was crazy for shorts, wait till they open tomorrow, right? Just wait till they open. You're getting ridiculous pushes after the close. And again, I didn't wake up one morning and said, wow, this market's going to completely disregard bad earnings. Again, you see it. You start to develop it year after year through different crises. If you go back to even the 9-11, the quarter after 9-11, a lot of companies were getting mulligans. Because again, think about what was happening during that time. When you saw earnings coming out after the mortgage crisis, right? In the middle of the mortgage crisis. And again, if a company didn't announce that they're closing down their doors after tens of billions of dollars of write downs, the market kind of gave them a mulligan. That's why a lot of these companies actually survived. And this, you know, fast forward 2020, unfortunately, a lot of funds are going to remember 2020, not because of the destruction of equity prices because of this rabid, nasty, ugly-ass COVID-19, is because they were on the wrong side of common sense. And again, that's what I've been saying for years, man. I'm an idiot, man. I've been saying this for years of doing this broadcast. I'm not smart enough to figure out next week or next month or next year, man. I'm just trying to take it day at a time and, you know, collecting that data and for, you know, for all the new traders that are going through a market like this or any market, okay? Any market of, you know, imperfect logical thinking. Just always put it into your memory bank and kind of store it aside. So next time around, and God forbid we have something like this five years from now, 10 years from now, 12 years from now, whatever the case may be, you'll remember what the tendency was of the market that nothing made sense, okay? That stocks didn't react to bad news. That companies came out with horrific quarters and were still embraced. And all these things you start to put into your mental rolodex and you start utilizing them year after year after year. And remember guys, if you're a brand new trader, remember, like I said a couple of weeks ago, you're going to be a better trader in year 10 than you are year two. It's just the reality. Experience is going to help you. Eventually it's going to get you to where you need to be. The only thing you need to do is stay patient, stay calm, and everything will kind of work out. But again, you need to retain bad, you know, you really need to retain good information. There's so much information out there. And unfortunately for all those people that are sitting there, I can't believe it. It doesn't make sense. Again, it doesn't need to make sense. Hopefully everybody is doing well. Again, you know, pretty solid pivots today. Again, Beta's crazy. I mean, Beta's absolutely out of its mind. Netflix, you know, Netflix was a good turnaround play today. Roku was a good turnaround play today. You've seen NVIDIA, good plays. It was actually a lot of value to the downside as well with the same names of NVIDIA, excuse me, with Netflix, with Roku, with BYND. So you had something for everybody. The key to the game is, again, not to get caught up in the bright light. So for example, for tomorrow's session, I'm not really concentrating on Tesla and Amazon and Facebook and Microsoft. I'm going to be looking at the laggards, right? The companies that got beaten up or are in consolidation mode, like for example, like Netflix. Again, we caught a pretty good pivot today in Netflix. And again, I'm looking for Netflix to reclaim supply. I'm looking for Roku to reclaim supply. I'm looking for BYND. And again, they don't have to do it tomorrow. But these are the plays that I'm watching for tomorrow to reclaim supply. I'm watching for Alibaba tomorrow to kind of wake up and reclaim supply. I'm watching for Chipulti that actually had a really good quarter, right? Really good quarter and actually really started off this aggressive buying and start coming out of this three, four-day area of supply to reclaiming to go back to the highs. I'm watching the shops that had the really, really big run and trying to desperately coming out of this 60-minute cycle. So again, we have to concentrate on the ones that are lagging, that haven't reported yet. They're coming out of this channel. And with this momentum, it becomes a really, really good area to take advantage, again, of the ignorant, of the stubborn shorts that keep on saying, this is impossible, this doesn't make sense, this can't happen. It's happening. And it's happening right in front of your face. So let's talk about today's pivots. Again, pretty good indication today. Yesterday's video, if you guys remember, the question was, was AMD going to pull down everything else? Or is Google for God's sake? If Google of all things, going to pull everything up? And again, my first instinct was, well, I thought semiconductors were going to get pulled down. Again, I was wrong. Who cares, right? Who cares? I'm not sitting there betting on semiconductors overnight. Who gives, right? Who cares? We're waiting for confirmation. And we got our answer, man. This market is just an absolute rocket ship, really, really rocket ship. If you thought the surges were insane in 2019, this is 220 with everything going on. There's panic buying in some of these names, which is unbelievable. So let's talk about this. So again, like I said, it was value to the downside, to the upside. Obviously, Tesla is having its own song and dance here at the close. But Netflix, this is the one that started off the day. 398, if it builds below, can flush more. And again, the market started going, the market started popping this morning because you know, Gilead got halted and Dr. Fauci said, hey, man, this is good news. This is good news. And here was Netflix. Here was the whole pivot, excuse me, here was the whole pivot right over here. Here was the whole channel here, which was 398, excuse me, right here, 398, 398. It broke the 398, went all the way down to 393. Gilead, again, 87.50, if it builds, can push. Again, this is where Dr. Fauci started talking about this is actually really, really good news. This is a pretty good stamp of approval. So here was the 87.50, right? Here was the 87.50, was it here? I'm sorry, excuse me, excuse me, it was right here. Here was the 87.50 on Gilead and it broke and it just exploded, it just absolutely exploded. I keep on saying 87.50. I think my dyslexia is kicking in. I wrote the wrong price. It was obviously 82.50. I wrote the wrong price. Obviously, guys, I apologize, everybody in the webinar knew exactly what the hell we were talking about. It was this 82.70 level and just exploded went all the way to 85. Pardon me, my dyslexia kicked in. Roku, again, perfect example of good value to the downside, value to the upside. Roku, 118, support that builds below can flush. Here was Roku, right? Here was Roku right here, this whole 118 area, right? 118 went down to like 115 and change on Roku. W, I don't think W did anything. 122 if it builds below can flush. I wasn't watching W, so I apologize. No, held the 122.30 again, so that never triggered. Bowling, keep this bowling pivot in mind. There was actually a sneaky pivot. There was actually a sneaky pivot to the upside. This obviously went nuts as well, went to like 45. But there was actually a sneaky pivot. BYND, 100 if it builds below can flush. Here was BYND. Here was BYND. It took out $100.80, went down to 97.90s. Big move there as well. Gilead again, it was a better pivot lower. Take on the way down, right? Take on the way down, new lows. 97.90s lows, take on the way down. Again, nice move on Netflix. Here was the sneaky pivot in the afternoon. Excuse me, right before lunchtime. 138.60 on Bowling needs to build. If it can build above that, you should see the highs. Remember that 140.75 area that we talked about below? Here was the sneaky pivot on Bowling. Here was the sneaky pivot right here on Bowling. You see this candle right here, guys? This is what we talked about, the sneaky pivot. 138.60. Here was the pre-market highs where we talked about 140.75, 141, and this thing just absolutely exploded to 47. Congratulations for all you guys who caught that as well. Again, take on the way up, Bowling fire, blah, blah, blah. 142.70s next supply, it just went through it. It just went through it like it wasn't even there. 82.70, take on the way up. Again, went to 85. Big move there as well. And I said, hey, listen, great job. I stopped trading at lunchtime. I think my mom's delivery, I think something happened to it. So I had to drive to my mom's house. Luckily I had a bunch of food in my own house to deliver food. So I was kind of done with the day. I came back a little bit right before the close. So again, Gilead exploding. So again, great job there as well. And you know, here's, I posted, there was some bets, pretty notable bets here for Tesla Facebook before the earnings. You can see a pretty aggressive bet here before the earnings into the 800 calls. This guy got ridiculously paid a big, very aggressive buyer, the 1320s for June. And then you saw a bunch of call buying coming in for Facebook. You saw the 200 calls, the 215 calls, the 210 calls, what a lot of really good, really, really a lot of good, you know, good premium being bet. You can see that on the second one as long as well. You know, good bets here as well. One guy, unfortunately, wha, wha, wha, not going to make any money there. So again, business as usual guys, the market is just crazy. I mean, absolutely crazy. I think tomorrow, tomorrow you have Amazon, you have Apple tomorrow. So it's just going to get crazier and crazier. Again, the question for Amazon and Apple, again, are, you know, is the market going to, you know, going to reward them with this bullish activity? Or are, you know, is there going to be finally profit taking in one of these names that had a major, major, that had a major run up ahead? And again, all these answers will, will definitely, will definitely get answered. Tesla is just running up here. It's going to be a 900 here at the, you know, before the open. Again, crazy market. Again, I think the value tomorrow will be the stocks that are kind of going to wake up, right? The, you know, the Alibaba's, the chipoltes of the world, the Netflix as if it gets going as well. There was a good pivot on Netflix. I forgot to put it into the private Twitter. I bought the pivot on, off that 11, 11 and change area. It spiked up as high as the 16, but I was making my, my, most of my sales in the 12s. So that was fine as well. So anyway, you know, what are you going to say, man? What are you going to say? Again, I think the smartest people in this market kind of have figured out what the market is not doing. Okay. And kind of switch gears. I think the idiots like me are just kind of just literally taking it day by day, pivot by pivot, channel by channel. Again, it's just not about being right. Nobody cares about being right. It's all about putting yourself in a position of safety. And as I say, every single, every single time out, you lead with your shield, not with your chin. So tomorrow obviously is going to be a very, very aggressive session. We're going to look for the value, see where the channels confirm, and hopefully works out to our benefit. Guys, have a great night, everybody. Love you all. Stay safe. And I will see you on the feet 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. 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. 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