 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 another edition of the AccessToTrader.com nightly wrap up show. Hope everybody had a great weekend. Hope everybody had a good rest. Hope everybody had a good trading day. And hopefully everybody just enjoying and are happy and fulfilled with their lives. Thank you very much for tuning in and showing us continued support. If you are brand new to the channel, guys, all we ask is support the channel. Just like, share, subscribe, tell a friend, all that good stuff so we can continue to help you down the road of unbiased technical analysis. So let's dive right into it. So last week, very, very aggressive week after two weeks, two and a half weeks of a 6% plus decline in the Nasdaq 100. Last week, we saw the opposite. We saw more than 6.6% gain on the index. Obviously, all the other indexes rose as well. But our focus, my focus is obviously the Nasdaq 100, the high beta mega cap space. And the question was going into today's session was, well, we've got a 6.6% move in one week. Can they continue to build? Can they continue to build? Obviously, after a 6.6% move, there's always going to be an opportunity that say, hey, you know what, be careful. Don't look at the overextended names because there's always potential for a rug pull. Here is the curveball. And this is kind of where new traders make the mistake all the time. So above the 50-day moving average is bullish. Below the 50-day moving average is bearish. Is it bullish for every single stock? Absolutely not. Is it bearish for every single stock? Below the 50-day moving average? Absolutely not. It's all case by case basis. But when an index ETF underlying security, whatever the case might be, is above the 50-day moving average, the higher it stays or the higher probability it's going to start pulling everything up. The biggest mistake I see new traders continuously do is this. When the market gets below the 50-day moving average and starts going down day one, day two, the market's oversold. How can you sell stock? And it goes down three weeks later. Now the market's going up day two above the 50-day moving average. The market's overbought. It's day two above the 50-day moving average. These are not big, these are not little levels. These are not insignificant events. These are big deals, guys. This is the start of a trend. Not a trade, but a trend. And the longer we discuss it over the weekend video, the longer we stay and continue to build above the 50-day moving average, the higher probability most stocks will continue to get pulled up and the higher probability that every single dip will get bought. That's exactly what a bull market action is above the 50-day moving average. The opposite is valid as well to the downside, right? The longer we were below the 50-day moving average, every single rally, every single video we kept on saying, stop buying the gaps, right? Stop buying the gap-ups because every single time you buy a gap-up underneath supplied is a higher probability it's going to get stuffed at supply, get rejected and start taking out the previous day's channel. Well, that's the opposite what we're seeing now. This morning we saw a gap-up, right? A little bit of a gap-up, a little bit of a run, a slight pull, and guess what happened on the pull? Stocks got bought up. So the longer we stay above the 50-day moving average, the stocks that had big runs, they're probably going to continue to be bit up into rising support, whether it's the rising 60-minute support or the rising daily support. But the last thing you want to do is try to time the market. Nobody can time the market. We don't know anything, guys. The most experienced trader out there does not have a crystal ball. We could only prepare ourselves for both sides of the market and then just kind of get out of the way and let price action tell us which way we should be right and which way we should have confirmation. But the last thing you should be doing, especially as a new trader, and I saw this throughout the whole weekend at the open on buying puts. Why? Why? I don't understand the logic. Why? Because you think the market's going to come down? It's the same reason as people were talking about when the market was coming in, day two, day three, below the 50-day moving average, talking about on buying calls at the open. No way the market go down again. No way, right? Absolutely no way. We're day two, right? We were day two below the 50-day moving average and the keys were at 365. No way they can go low, right? Absolutely no way, okay? They went all the way down to 342. So the idea that you're waking up in the morning, waking up this morning or waking up tomorrow morning and say, this is the day the market's going to reverse. And maybe it does, right? Think about it. It's common sense. Gravity is real. We just had a 6% plus move. Of course, there's going to be a day that the market eventually gives back. But here's the key, right? And write this down. If you've never gotten anything out of this broadcast or anything out of me, and again, I'm doing this, it makes me nearly a quarter of a century from me, okay? Just understand this part, okay? This is the most basic part of technical analysis. Write this down. A stock cannot go higher, okay? If it doesn't take out the previous day's range. Write that down. A stock cannot go higher, okay? So if the previous day's high is 100, okay? It cannot go higher unless it takes out that 100 and starts building. A stock cannot go lower if it doesn't take out the previous day's range lows, right? So if the previous day's low is 100 and today's low is 101, I promise you the stock's not going to go lower. It might trickle down, but it won't go lower. So this is the most basic stuff. And if you look at all the candles in the last week or so, what's the common denominator, right? This candle took out this candle. This candle took out this candle. This candle took out this candle. Higher, higher, higher. We're making higher highs. The only way the market becomes a short, say, for example, for tomorrow, right? Again, anything could happen. The only way, at least the day could become a short. I don't want to use the word market becomes a short, because again, as long as we're above the 50 day, the only way tomorrow becomes a short is if the queues lose today's lows range, okay? It cannot go lower if we don't lose today's range. So the idea that you're guessing, right? The idea that you're anticipating guessing, trying to outsmart the market when you're basically what you're doing is you're trying to outsmart yourself, just wait, take a deep breath, right? Take a deep breath, okay? You don't need to go into tomorrow talking about, that's it. I'm buying puts at the open. Take a deep breath, calm yourself down, right? Go to a sauna in the morning, do some yoga in the morning. Hell, if you have to take a shot of Hennessy, right? To mellow yourself out, again, your kidney stones probably will be bloody and black 10 years from now, but do what you have to do to calm down, guys. And just remember, if it doesn't take out the previous day's low, it's not a short. The same way, if it doesn't take out the previous day's high, it's not a long. Understand the dynamics of the market. This has nothing to do with the PS60 theory. This is the most basic thing of technical analysis. The day's long, has to confirm, the day's short, has to confirm, and that's where it all gets. And right now, if you're looking at every single stock that had big, big runs over the last week or so, look what they did today, right? Look what they did today. That's a good, natural, organic flow of the market, right? Let's take a look at them one by one. Amazon today, right? Price improved, that's a good thing. Microsoft today, price improved, that's a good thing, right? Apple, we talked about Apple shaking off earnings over the weekend video, right? Price improved, that's a good thing. Netflix, right? Price improved, that's a good thing. You see where I'm going with this? So how can you sit there? And these are the biggest stocks, right? These are the biggest aggressive institutional money flow, and they're making higher highs. How can you turn around and say, this is the day I'm buying puts? Why? Just let them take out the previous day's range. That's all you need to do, right? Then you look at the names that are resting. AMD, right? AMD today, nice rest, right? Nice rest, had a big, big run up, rested today, right? You see, you notice today, it didn't take out the previous day's range? That's why AMD didn't go higher today, because it didn't take out the previous day's range. Look at Shopify, correct? Right? Look at Shopify. Did it take out yesterday's highs? No, that's why the stock didn't go higher. Like this should be like a light bulb moment going into every new trader's heads, right? The reason why it didn't go down, guess what? Because it didn't take out the previous day's low either. That's the whole point of an inside day. Very, very basic stuff, guys. And again, unfortunately, most new traders, if somebody doesn't tell you this, right, how would you ever possibly even learn this, right? And that's the whole point. This is why I'm trying to give little golden nuggets here on the YouTube channel. Obviously, in the webinar, we cut, you know, we literally tackle everything from night, from nut to bolt, man. There's no rocket that's not overturned. But these are basic things in your trading journey that you have to understand early on. You're still making these mistakes, trying to anticipate where the market's going to go. So, going into tomorrow, again, here's the key metric for the bulls. The QQQs, again, remember, the time is that we are staying above the 50-day moving average. Again, that's 364, right? That's what we reclaimed. So, as long as we're staying above the 364 level, that's bullish. Every dip, every dip, you need to be buying on rising support. The only time it becomes a short, ready? Da-da-da is when it takes out the previous day's low. And is it possible it happens tomorrow? Absolutely. Anything is possible. But the point is that is the key metric. Tomorrow, also, for earnings, let's see what we got here for earnings for tomorrow. Let's see, let's see, let's see. Let's see if anything juicy for tomorrow. Tomorrow, we got Rivian. We got eBay, Uber, Robinhood, nobody cares, Gilead. I think that is it. Akami. And Wednesday, we have Tullo, Disney, Roblox, Lyft. I think we're starting in a firm. Thursday, we have TTD, Wind Resorts, Wolverine Worldwide. I know next week. Next week is going to be the big one on the 21st of November. The following week, we have NVIDIA, which is going to be obviously a big support zone, a big support area, especially for the semiconductors. We'll see what happens there. So, let's talk about the pivots, right? Most of the day, stocks rested. They finally get a little surge up. They tried to take them down, guess what? They didn't take out the previous day's channel, and they squeezed them back into the close. So, here was, here was basically all the pivots for the day. Again, I'm always prepared for both sides of the market. Tesla, guys, keep an eye on Tesla. Not every single stock had a success story today. Tesla, 21840 is the 200-day support if it builds below can flush. So, here is Tesla, right? So, it took out the 21840, lost the 200-day moving average, and put it below, went all the way down to 15. Again, was it supposed to be the biggest trade in the world today? No, but the key thing here is it lost its 200-day. What it did to its credit, it reclaimed the 200-day moving average on the close. So, you see how tight Tesla is getting here, right? You see how tight Tesla is getting here? You have the rising support here, the five-day rising, and you have now it's gotten rejected back to back days from Thursday, Thursday, excuse me, Friday's highs, and today's highs, you see the same area, right? This is, again, why Tesla didn't go higher today, got rejected below Friday's channel. So, starting to get tight here. It's going to be very, very curious to see which way Tesla finally confirms this week, but it's definitely, definitely getting tighter. Again, congratulations for all you guys who did catch that move on Tesla today. DraftKings, right? Either a dip to 33, again, that's the rising support, or 3421 needs to confirm. Here it was DraftKings. I was looking for that dip buy of DraftKings at 33 and never got there, unfortunately, put in a low of 3336. It's just a shame because what look would happen, right? DraftKings took out the previous days high, right? Took out the previous days range. That's why the stock went higher. It took out the previous days range, 3421, and traded up all the way up to 3514. This thing continuously looks higher. Good job for all you guys who took that as well. Crowd never got to 192. Apple, okay? We talked about Apple on the weekend update. 17780 rejected twice needs to build. Here was Apple, right? Rejected, here's this, 17780 rejected once. 17780 rejected twice. Today finally reclaimed 150 day and pretty much closed at the highs of the day of 17940. It's a really good move here. It looks higher, especially if the market continues higher. And NVIDIA. NVIDIA, I got along NVIDIA on the opening range high. 53 was Friday's channel. Again, do you see the theme here, right? Do you see the theme here? Stock took out the previous days channel, right? And look what happened. It went higher. That's the point. It took out the 53 level. I traded up all the way to 459. Big call buying coming in. Ironically, ahead of earnings, we saw some 475 and 480 calls expiring 1117. Remember, they report 1121. So it was very, very odd that they're buying almost 20 points out of the money calls ahead of their earnings. But we'll see, you know, we'll see exactly there. So that's it, guys. Okay, it's a very, very important lesson that every single year that goes by, you pick up something new. Hopefully on today's video, you learn something new. If this is the first time hearing it, again, just remember, just a little summary. For a stock to go higher, it has to take out the previous days highs. For a stock to get lower, it has to take out the previous days lows. Other than that, it's called an inside day. It didn't take out the highs. It didn't take out the lows. That's called a rest day. When that stock rests, you rest along with it. Guys, God bless everybody. Have a great evening. Let's go Jets. You know, I don't believe that. But let's go Jets. All right, guys. Have a great night, everybody.