 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. Welcome to the last update of the week, the Thursday night edition of the AccessToTrader.com weekend update show. Hope everybody is doing well, crazy market. So, today was basically the equivalent to what happens after a city gets hit with a devastating earthquake, okay? So yesterday we had that really aggressive move down, okay, this was one of those scenarios that a lot of people entered today, kind of not knowing what to make, okay? I was definitely sell bias going into tomorrow, today's session, not as aggressively as I was yesterday, but nevertheless, I still wanted to give the bears the benefit of the doubt, almost like that very aggressive earthquake and kind of the aftershock after, but I think most people were so kind of blindsided by yesterday's sell off that it was almost like a wait and see approach. It's almost like, here's the water, you go first, right? You go first, tell me if the water is cold or warm. And the market kind of did its thing to kind of reflect that theme 95% of the day, okay? If you look at, this is from, this is literally from yesterday, right? This is from yesterday, excuse me, this is from this morning. You got the gap up, kind of moving around, moving around, they kind of sold off literally the whole day till about three o'clock, okay? And based on what I saw today, this was an inside day. Tomorrow, I was convinced that we were gonna completely roll over, the stocks were moving up today with no life, the sell offs today, and we'll get into the individual pivots in a second were pretty aggressive, the ones that confirmed got hit, got hit very, very hard today, beyond Tesla, they got hit, they got hit very, very hard today. And the most important part was like, okay, I get it. The market is resting, let's get what we can get, okay? And then tomorrow, if we get any type of gap up into supply and they roll over, I think because of especially weekly expiration, we were gonna have a scenario of an incredible aggressive rug pull, confirm yesterday's low, and yada, yada, yada, really set the tone. Because again, we had the catalyst, incredible aggressive nature right now in the COVID rise in spikes. Again, doesn't mean anything anymore, okay? Apparently people don't care, nobody cares. Look, if you don't care, I don't care, right? It's like one of those scenarios that if it's not affecting your life, who the hell might I say anything different? So the market is kind of taking that ball and running with it. So everything was quiet. I logged off around, you know, two 30s or so. I said, look, I'm gonna play ball. That's kind of my only release right now. I'm gonna play ball in my driveway. You know, I'm gonna go chart. Obviously I already have a plan, what I like. And tomorrow, if these things confirm, you know, we should have a really, really aggressive session to the downside. Yes. This is why we say all the time, trade the market you have, not the market you want. And I, you know, I came back upstairs and I look up and the market did this, right? Slowly, surely the market did absolutely this. So we went literally from, hey, we are 12 hours away from confirming really, really aggressive prices to, oh my God, look what the hell the market just did. Trapped, again, trapped dying shorts out there in the middle of the afternoon. And now if you look at the scenario we're looking at tomorrow, now this is a car, just like that we saw a mirror image of this to the downside, right? This to the downside. Now we have a mirror image of the market reclaiming, right? Reclaiming the rising macro support and kudos to the bulls. They didn't even break or piece. This is kind of what we were talking about yesterday. There was not even technical damage yet. That's what I thought was going to happen tomorrow. So now we have a scenario, inverted hammer, sell-off, rising support held, going higher. Inverted hammer, sell-off, rising support, hammer. Now hammer, if you believe in an inverse hammer to the downside, well then you have to believe that a hammer is to the upside. So again, guys, this is why we say, incredible. It's incredible market action. The bulls have been rocky Balboa, pre-steroids on the ropes, the first 10 rounds, the eye over here, the hematoma over there, the bloody lip, the bruised nose, the broken ribs, and then the bulls come out, like again, Ivan Drago and round 12 and they come out swinging, and that's exactly what the bulls did. You got to give kudos to the bulls. I mean, what are you going to say? You got to give kudos to the bulls as much as we take advantage of uncertain macro species. They're not even bulls or bears anymore. They're macro species. At the end of the day, the bull is winning. It really is. Long-term, the bull is winning. There's more perma bulls in the world than perma bears. And at the end of the day, the market again continues to define logic. Again, this is why we love it, because again, there's so many people fighting the trends instead of going every single day and trying to pick your battles every single day, day in, day out, they try to pick a direction. And that's a hard way to make a living in any market. But again, like I've been saying now, since March, we're just taking it day at a time, one trade at a time. We're trying to win our macro environment within this little micro world that we live in. So if you go into going into tomorrow's session, again, here it is, same thing, bullish, bullish. So unless something really comes out crazy overnight, how is 99% cell bias at 2.30? What are you gonna say now, right? I mean, what are you gonna say now? The charts speak loudest. Again, our opinions don't matter anymore. So unless we get some really crazy news overnight, like a meteor hitting everybody and wipes everybody out, there's a still chance we're gonna rally tomorrow. So look, obviously 80, 20 bias to the upside tomorrow. Again, there are some names that I am watching to the downside, but if you look at the individual names today, they all woke up, man. They all woke up very aggressively. We had a nice short, which I screwed up in the morning, not even screwed up, I screwed up terribly in the morning and then reshorted and lost my first trade of the day, not destroyed, but I got hit hard. I lost like four and a half points, gonna chase the stock like a complete amateur. Then I reshorted through the lows of the day, got back my money, right? Got back my money, went to the 940 area, remounted to the 940 area, to the long side. I sold it way too early to the upside. But again, it was a crazy, crazy session with Tesla. But if you look at the macro charts, right? You'll see the macro charts, it held perfectly. It kind of mirrors the QQQs. If you look at Amazon as well, right? Amazon went down to the five-day moving average, lost it, remounted it, and now this is super bullish. So all those guys were buying those 2,800 weeklys for tomorrow in the morning. I was like, these guys are just throwing the money away in the afternoon, hell, hell, it all makes sense now. If you look in the video as well, just exploded, right? Exploded, held the 10-day, exploded, remounted on the five. Looks exactly the same thing. You could say Netflix is exactly the same thing as well. Facebook, you know, Facebook at least held its rising support and needs to remount off the five-day moving average. The only names that did not participate. Okay, and first of all, congratulations for all you guys who did come in long. Boeing puts yesterday, again, you saw the buyers right before the close very, very aggressively. Those 16750 weeklys, stock opened up, got absolutely destroyed, congratulations. And then we started seeing towards most of the day the 165 weekly puts. So I said, okay, you know, Boeing for tomorrow looks like amazing, it looks amazing. And then it rallies $2 into the close. So that is to be determined. Also put buying coming in pretty much the whole day on Disney, we were watching this 109, we were watching this 10940 level, right? 10940 level that obviously never, you know, never breached, but we were watching this thing. We said, all right, you know, look at all those August 100 puts and they just weren't coming in with a little bit of money. These guys are putting in a half a million, a million dollars worth of premium bets for those $100 August puts. Obviously never confirmed to the downside. But again, it really does show you how aggressive these buyers are, right? When, even when they're wrong, even when they completely have no idea why they're buying the stock just like they saw yesterday, they still get bailed out. Okay, which is fine, which is great. It's all part of the business. I'm not gonna sit here and hate on people who are taking risk on, that's their job. The most important part is again, it's not about what they do, it's what about we do. And if you look at the pivots today, pretty good action. Even though I had a little bit of FOMO, a little bit of a brain fart on Tesla today, I got aggressive towards the end of that move. You know, I did actually did okay with it from bottom to top, top to bottom, but it was actually a pretty decent day. Actually the day turned out to be pretty decent, but when I logged off, the Dow was flat, everything was flat, and now it's like I'm waking up. It's almost like I missed the trading day because everything happened literally in the afternoon. So let's talk about today's pivots. Obviously again, I am bullish into tomorrow. Again, congrats to those who were long bowing puts over nice. Again, nice score here. MRNA went pre-market. Okay, if you did take the trade, good job. I did not, that's why I said nice pop. If you did take it, 66.85, 67. Big macro level needs to build. Here was MRNA, for those of you guys who did take it, pre-market, you could see it. Here's the 67, and had a nice pop. I mean, really had a nice pop to 68.25, and then again, these biotechs. Again, can somebody explain to me what's up with these bios? This is why I really don't trade bios. Good news is bad, but sometimes good news is good. FDA approval is good, but sometimes FDA approval is bad. What the hell does all mean? Again, way above my pay grade. This is again, this is why we stay in our own lane. But again, if you did take it, good job there on MRNA. Yeah, this was definitely the move of the day. Okay, again, we were looking for some downside levels here on Boeing, but this was definitely the move of the day. 148.50, we even talked about it last night's video. 148.50, 148, if the bill's below, can flush more. Apparently McDonald's, I don't know, they ended their relationship. They didn't end their relationship. Who the hell knows? Because later in the morning, you heard, well, McDonald's come out and say, well, we kind of didn't end our relationship. Our relationship is kind of status quo. Okay, right? Tell the people who got crushed in this move here. So here's 148.50, if the bill's below can flush, it's got absolutely destroyed. Went down about 12 and a half, 13 points. Monster move, absolutely monster move. Here's where I screwed up, right? Here's where I got a little bit of FOMO. So these are the levels I was watching, right? 952 is yesterday's highs. 946 was the pre-market lows. I go both important, okay? If they both confirm, could see 940, 941. Again, why 940, 941 is because Tesla, right? If you look at the rising support, it was right here. Everybody see it? 940 and this is the rising support. That's where I actually ultimately got long. So, just absolutely idiot. So I missed the 952, right? I missed the 952. The stock goes down, it was like a $6 candle. And this is where I say, look, I don't care how many years you're trading, you're gonna have a mental fart, okay? You're gonna have a mental brain fart. And today I had my mental brain fart and I'm just happy I didn't get destroyed on this mental brain fart. I got hit, don't get me wrong, I got hit. So I short the stock on a $6 candle, okay? So what do you think happens, right? What do you think happens, right? When you short something on a $6 candle, what do you think happens? So the stock runs back, like literally runs back. I wound up losing $4.5, okay? It doesn't sound like a whole lot. It's enough, trust me what I tell you. So what happens is I sit to myself, I go, what the hell did I do? The funny thing is I even said it as I was doing it. I go, ah, I think I'm chasing it a little bit. A little bit of sick, a little bit as a dollar, a little bit as a dollar and a half. You're chasing it six, you're an idiot, complete idiot. So, the more I think about it, it's comical. So I lose like $4.5 in the trade. So then I reshort it through the lows, okay? I reshort it through the lows and I make about like five, like around five, right? I'm at round five and then I get long. I cover and then I get long at 9.40, right? I get long at 9.40 and it starts to bounce and then I start overthinking, okay? This is when you know I was off. I start overthinking. So I take about $2 on the bounce. So I recover the four and a half, the four and a half, five dollars I lost, right? Four and a half, five dollars lost, almost, almost recover because I was covering on the way down. My last cover on the short was down five-ish. So I recover most of the loss. So then I get long, get long Tesla on the bottom, starts moving up. So I start overthinking, right? Futures a week, everything is weak, everything is weak. Oh my God, I hate it. Let me just get green. So I cover it. I sell my Tesla back on the way up so I get green on the day and I was like, you know what? I'm just a little off, a little off. Let me take a step back. Yada, yada, yada. The stock bounces 45 points. Let that sink in for a second, right? Bounces back. So I mess up, I mess up basically on the FOMO short. I mess up basically padding out on a perfect, perfect buy at 9.40 and watch to go up 45 points, okay? But at the end of the day, at the end of the day, at the end of the day, I was at least whole. So I was okay with that. So if that's the worst thing that happened, that's the worst thing that could happen. So we'll kind of move on from there. So Apron never got to this area here. And I say, look, I'm not really in love with anything at the opening channels. Just stay patient. Square never got here. This was a nice, beautiful move on shop. 885, if it builds below, can flush. Again, the trades worked, man. That's the thing. The trades worked based on kind of the aftershock on yesterday's earthquake. So here was the 85, right? Here was 885, 885, 885. It breaks 8085 and goes down to 873. Again, nothing wrong. You get a $12, $13 move. Nothing wrong. Zoom, nothing big here. 259 needs to build. Again, Zoom is just steady. Just steady, Eddie. Took out the 59. Went to like 60 and change, blah, blah, blah. Nothing big there. Docu, nice move on Docu. 167 needs to build. Nice little pop on Docu to the upside. So here's the 167, right? Here's the whole 167, 167, 167, 167. You get the point. 167 traded up to the 170 level on Docu. NVIDIA, NVIDIA, it's gonna look good on paper, right? It's gonna look good on paper here. This is why I say this. It's gonna look good on paper, right? 375 needs to build, right? The problem is all this, right? You see this $5 candle? This $5 candle happened in the last like 45 minutes. I wasn't even around for this. So it looks good on paper, right? Great call, Dan, right? I wasn't here for it. Okay, so I wasn't here for it. If you got it, great job. I just wasn't here for it, which sucks. So big move on BYND to the downside. Big move there. New lows. Here's some support. 876, big move there. But I did catch Boeing, right? I did catch Boeing. Boeing 174 needs to build. Here was Boeing to the upside that we had actually had an upside pivot right here on Boeing. Took out the 174, went as high as to 177 and changed. So it was actually a pretty good trade. So it was actually, whatever I screwed up on Tesla, I kind of got my wheels back on, my feet, my sea legs back. And, you know, Boeing was a nice trade, really, really nice trade rain to supply off that 44. So that was good. You know what I said? Look, nice move. Take on the way up. That was move 176 on deck. And again, this all happened towards the end of the day. Okay, this literally all happened at the end of the day. Amazon 2750 needs to build. Again, this was all at the end. Again, I didn't see any of this stuff. So here's the 2750, it went to 2757. Again, I wasn't here for this. Again, this sucks. It's painful. Again, it took out this range and Amazon looks absolutely phenomenal for tomorrow. And yeah, okay. So I wasn't here for this, right? 970 huge supply. I was here for the 970 huge supply. And it went to like 974, 975. It just danced around there the whole time. And as soon as I logged off, ta-ta-ta-ta-ta-ta-ta-ta-ta, right? So here's the 970s, right? Whole 970 went to this 975 supply and just absolutely exploded another 15 points into the clothes. Again, I wasn't there for this. So that sucks, but again, it is what it is. This was, you know, later in the day, 172, 172 builds below can flush. It actually went down to like 170 and a half. CLDR, obviously it wasn't 1285-14. It was 1285-13 needs to build. They were coming in for the 1350s. CLDR actually continues to look good for tomorrow. Here's the 1285, right? Here's the 1285 went to like 1315. Still looks really, really good for tomorrow. Disney, again, this is the big number going forward. 10945, take on the way up. Docu, make sure you take on the way up. CLDR, and that is it. So, yeah, it looked great on paper. You know, a lot of these names unfortunately pivoted and got aggressive into later of the day. A lot of people already logged off and the market was kind of left dead and helpless. But now, going into tomorrow, there are a lot of really good ranges that we now have to focus our attention to the upside. So guys, have a great night, okay? Funny day, funny day. Definitely not the cleanest, but again, it is what it is, and this is why we always say they're welcome to this trading world, right? That's the greatest reality show that's not on television. Thank God it's Friday tomorrow, guys. Have a great night, 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.