 What is wrong with Amazon? We are like literally one day away from confirming the previous channel. There's a lot of room down. 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, good evening everybody. Happy Monday, and welcome to another edition of the AccessToTrader.com Nightly Wrap-Up Show. Hope everybody had a good trading day. After last week, very, very aggressive action to the long side, to the short side. Like we talked about on the video yesterday. Again, I had really no idea what to kind of expect today. I thought by looking at the market from kind of a non-biased point of view, it would give me a little more clarity. And that's exactly what we got today. And I thought because we had this really aggressive snapback kind of dead cat bounce on the cues to kind of close right at the 50 day moving average, going into today's session was a complete crapshoot. And that's the best way to describe it. I wasn't long bias, I wasn't short bias. I just kind of wanted to see what happened. And the most important part about trading is sometimes the best route is just to say, look, I don't know, right? I have no idea. I'm not going to pretend to know. I'm not going to pretend to understand where the next move is possibly going. Just sit, sit nice and calmly, wait for price action to play out, and let the market dictate to us what's going to happen next. And that's exactly what happened today. And the most amazing part about today's session, it actually turned out to be very, very aggressive. And the most important part, what I saw about today's session was kind of where we were technically. So we got this big gap up, really, really aggressive gap up. We were up a lot pre-market. And the one thing that I started watching is what happens next? Do we get rejected at big technical levels on the 60 minute moving average? Or do we start reclaiming and going higher? And what crazy about this was, we got a gap up into supply, right? Into supply and then we sold off very, very aggressively. So the majority of the day, if you look at the numbers today on the scoreboard, they look pretty glamorous. You had the Dow Jones industrial average up 300 something points. The composite was up over 200 points. And it looked like a very, very big aggressive market rally. And it wasn't that, okay? If you look at beta today, and that was the one thing we kept on talking about pre-market, I thought there was some names that we kind of liked. And we'll talk about that, the DraftKings, the MKLAs of the world. We'll show you what we did with that in a second. But I said to myself, I really don't like beta because again, everything's in the middle of the channels. And despite the queues at one point being up like $7, you could see what happened today intraday. And look at some of the names, right? Amazon went red on the day, right? Actually closed up red. They were up $60 in the day and closed red, Netflix. Now again guys, okay? I'm not the smartest guy in the world, okay? Never claimed to be, always claiming to be the king of the idiots. I own that, okay? But what executive that's working in Netflix, green-lighted that whatever it was, documentary, what movie, cuties, okay? It's a pedophile movie. What person came out and said, this is a good idea. Yada, yada, yada, the stocks got hammered. Again, we'll talk about the individual pivots in a second. But you'll see them, Roku. And again, I haven't checked the news what Roku's going on after hours. But Roku was very weak throughout the day as well. Facebook as well, you could see it was red. You could see, for example, Facebook was red. Apple, for the most part, was red until it started spiking up towards the end. So it wasn't one of those clean shots that the market was so good and there was a broad market rally and there was 30,000 pivots on beta. It was more methodical. We were picking our spots in the morning and then Tesla confirmed and then Zoom confirmed and then Beyond confirmed. And there was a lot of names that I usually don't trade like an NKLA really did well. Like NKLA was a really, really good trade. And slowly, but surely, we started seeing very, very good aggression. But I think the most important part what we saw technically today, if you look at the cues, right? They gapped up above this 275 level, which we talked about on the video, which is the five day moving average. And then they gave it up. And kudos to the bulls, any close below that 275 level, we would have been having a completely different conversation tonight than we actually are. So the bulls lost the five day, reclaimed the five day. And as you can see here, we are closing above the 275 level, which is very, very important. Now again, we're not out of the woods just yet. And again, if you look at the 60 minute moving average, you can see here, for the bulls to really start shining or at least getting more legs onto them, getting a little more traction, they really gonna need to clear out this whole supply here. Somewhere around this 277, you know, at least to start 277, but at least again, baby steps. If you look at the S&P 500, we'll use the spies right now as a proxy. Again, we're not out of the woods just yet. Again, very, very strong rally. The one thing that I don't like, that it got rejected off this 150 day supply, but for the bulls to really, again, just like the, you know, just like the NASA composite, the cues, what the spies are gonna need to do is gonna need to reclaim this, you know, 343 level. If we could just reclaim this 343 level and confirm this whole channel, this whole congestion zone and remount this 10 day moving average, that's when the bulls could really start going. And then we could again, start talking about potential all time highs, running into the fourth quarter, so forth and so on. But again, one step at a time, one day at a time, one trade at a time. So I really liked the action today. I was very, very surprised. I liked the way structurally the bulls fought back, didn't like the way they gave it up, but I liked the way they fought back and I really liked the way they closed and reclaimed the five day moving average. So again, going into tomorrow, again, I'm not 100% bullish, but I'm bullish, right? There are some names though that I do like and if they pull the plot guys, look at Amazon. What is wrong with Amazon, right? What is wrong with Amazon? We are like literally one day away from confirming the previous channel. There's a lot of room down. Look at Facebook, right? The hell is wrong with Facebook? Okay, I get it, right? They gapped it up, it got stuffed on supply and then it lost its five day moving average. Again, what the hell is wrong with Facebook, right? And so forth and so on. There's a bunch of names like that. So I don't wanna turn around and say, I'm 100% buy-bys tomorrow because we have a lot of names that are just wrong. Like again, Netflix is just wrong, right? Forget about the whole pedophilia situation, but again, there's something wrong, right? There's just something wrong. Again, there's a really good aggressive pivot there as well. So I think case by case, individual names, there are some strong names. Zoom continues to be very, very strong. Again, reclaimed the five, the 10, took out the previous days high. You got this whole channel here coming up. We saw, I believe 420 weekly call buyers come in. So very strong there. Tesla, again guys, congratulations to a lot of guys. I know it's still long Tesla. Again, reclaimed the 10 day moving average. We saw 450 weeklies, 500 weeklies. Again, if this thing confirms tomorrow's price action, this is, look how much room up here, guys. Again, you don't need to be an incredibly experienced trader. I mean, look how much room you have. Again, if you believe in the theory, stocks trade from supply to supply and demand to the man, right? So here's supply, it reclaims supply. Look at your next supply zone is. So a ton of room, ton of potential to upside tomorrow on a lot of names. But again, in the back of my mind, I'm still watching Amazon. I'm still watching Facebook. I'm still watching Netflix for any type of weakness. And I think tomorrow, again, the bulls really, even if the market doesn't go up tomorrow and there's a follow through, the bulls need to kind of, you know, hold their serve. Okay, the queues need to close, continue to close above this 275 level. So it's very, very important. But again, I like what I saw today. Really good action. So let's talk about this right now. And again, most important part, most important part, and we talked about this yesterday. Again, you know, I'm prepared from both sides. Okay, I have no bias for today. I have zero feeling, let the market come to us. Again, we're not that smart. Synopsis, you know, again, I'll show you, I put longs, I put shorts all over the place. So synopsis, I was watching that one day and the level never got even close to there. Chewie broke down a little bit. I didn't trade any Chewie number one because the market was up 300 points. Number two, it was on SSR. If you did take the trade, again, it wasn't a big move here, 53, 40, 53. If it builds below can flush, here was Chewie. I didn't trade Chewie today. I just, again, I'm not in the camp of shorting stocks, especially when there's a lot of really good value to the upside. But again, you know, went down to like 52, 40, not a big deal. But again, what's wrong with Chewie, right? Again, you could turn around and make the case well. The names that were benefiting from the whole stay at home movement, they're getting hit. Okay, if you wanna roll with that, I'm willing to roll with that as well. But again, you could see that a lot of weakness, very, very clean weakness here. Here was at least my trade of the day. So I haven't been really following the whole Nicholas story, right? I traded it last week when they had that whole GM investment, right, of 11%. So I know it was a good move last week because I caught the trade. It was really, really good. But I haven't really followed the kind of the story what's been going on. A lot of you guys know this more than I do. The Hindenburg research and the muddy waters and basically saying, well, the company is just very, very shaky. So I know the stock has been down like $20. And the one thing that I keep on telling everybody, stocks don't go straight up and stocks don't go straight down. You can have the greatest stock in the world. If buyers get tired, right? Stock's gonna come in. Same thing with sellers, okay? If sellers get tired, okay guys? And this is a very, very important point. If sellers get tired, then what's gonna happen? The stock is gonna eventually blow everybody out that's shorting in the bottom of the channel, late shorters and experienced sellers. And what's gonna happen? It's gonna go higher. So that's what happened today. We saw the exhaustion. We saw this area of support get defended. And this was the area I was watching. 3280, 33, if it builds, blow, can snap back. And I said, basically, look, experienced traders only. There's a ton of bad press. Again, I'm really not, I really have been following that much, but I do understand what an exhaustion, what an exhaustion looks like to the sell side. And here is the channel. Here's a 60 minute channel right here. You see this whole channel here, right? This whole channel here is, you see this 3262? So it kept on getting rejected off here. So I said, look, if this thing can start rebuilding, you know, 3280, 33, you can go. And this thing just exploded, absolutely exploded. Some news came out after the close, blah, blah, blah, blah, more bad news. Again, nobody's making comments one way or another of exactly what's going on with the company. We're just talking about specifically a trade. And this was a very, very good aggressive trade. A call buyer came in for the 36 calls and really, really strong move all the way up to 37. Great job for all you guys who did catch the trade. Draft Kings went nuts. Draft Kings did deal with ESPN. 43 needs to build. You can see here, Draft Kings went, well, they went Draft Kings, right? So here is the 43, this whole channel here. It took out 43, just went absolutely nuts. Oracle didn't do anything. Oh, N-N-O-X, I didn't have a locate for this thing. If you did catch a trade, great job. I gave an upside pivot of 65, a downside pivot of 57. Here was N-N-O-X, right? So here was N-N-O-X right here. Here's a downside pivot here at 57, just got absolutely destroyed. If you did catch it, congratulations. I just unfortunately didn't have a locate for it. In the video, just went nuts, at least in the beginning, experienced traders only, 520 needs to build, one point max. It didn't even come close to even stopping anybody out. This thing just absolutely exploded. Here was in the video, right? So here was in the video, here's the 520 right here. You see this, 519.80, 519.60, 519.96, 520 just went absolutely nuts, put up a $12 candle before selling it off. So that was good. Beyond when nuts, 139 needs to build. Again, beyond have meatless meatballs. Say that again, they have meatless meatballs, right? Here's the whole channel right here, 139, took out 139, absolutely exploded all the way up to 145. So you can see a lot of really good value. Workhorse, same thing, workhorse 24.50, 24.75. A buyer came in with the $30 October calls and workhorse closed at the high of the day, right? Closed at the highs, here's the 24.50, and it closed right at the $26 area, so big move there as well, so the video exploded, and Netflix, again, this is what we talk about. Whose freaking idea was it, the green light, a pedophilia movie on Netflix, okay? 476 if it builds below can flush. Here was Netflix, right? Here was Netflix, here was the 476, went all the way down to 471. Overstock, overstock went up a couple of bucks, I saw it, blah, blah, blah. Take on the way, amazing move. Really solid session, okay? Really, really solid session, especially this Nikola trade, I was very, very happy with that as well. And Tesla, unfortunately guys, I forgot to put, if you look at my regular feed, if you look at my regular feed on Twitter, I'll show you, I forgot to put it on the private feed, so I apologize. So there was a big pivot here, okay? There was a big pivot here at 485 here, let me show you in a second. Let me show you here in a second. Right, so there was a big pivot here, okay? There was a million dollar bet, somebody came in for the October 400 calls, 385 can stretch it, it's stretched, okay? It absolutely stretched. Here was 385, oops, let me just show you. Again, still hasn't, this still damn thing, still hasn't updated my e-signal. So here is the 385, you see this channel here, right? 385, 385, 385, it took out 385 and just went absolutely nuts. I know a lot of you guys are still long this thing overnight. First close over the 10 day moving average that is super bullish. We got battery day coming up, people are gonna be very, very aggressive in making speculation bets there, so there is a catalyst involved. So guys, have a great, great night, more football today, double header, I'm not burnt out just yet. Please get the morning strategy early tomorrow and with God's help, I'll see you all there. Take care guys, God bless.