 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, give me Roddy. Welcome to another edition of the Access to Trader.com Network show. Hope everybody is doing well. Thursday, right? It's Thursday. Last week and the week before, again, you know, you started feeling the effects of staying at home, you know, burning yourself out. Again, like I said a little bit, let a little, you start to get used to these things. You really do. Although again, I'm naturally tired towards the end of the week. I think mentally I prepared myself for this week. I traded accordingly. I basically took the last, you know, hour and a half or so off just to kind of, you know, play some ball just to kind of get a little bit outdoors time and kind of refresh my brain. So that's been kind of the formula for me to stay sane, stay, you know, stay energized and kind of stay focused. And I think again, what we talked about a couple of weeks ago, what we thought was boredom, right? Boredom and the walls are closing in. And, you know, now slowly but surely it's just becoming the regular part of life, okay? And what separates boredom from normalcy is just kind of a routine and kind of omitting the bad stuff, concentrating on the good stuff, trying to stay mentally positive. That's the key. You got to start, you know, you got to start looking at the good things. There's so many bad things that are happening right now in the world and, you know, they're just throwing out these ridiculous numbers, right? Of potential deaths and this, that, the other thing. And again, you just have to be, you have to smile as much as you can. You have to be as mentally tough as possible. And just don't read the news, man. Don't look at the news after the close. Again, the last thing you want to do is go to sleep at night with all these thoughts and worst case scenarios. Again, life is hard. As I say all the time, life is only hard for the first hundred years. I promise it gets easier than that. So stay sane, guys. Stay safe. Again, stay at home. So I think today's session was a pretty solid, pretty solid session. You had your morning scalps. You had your bigger continuation moves that we saw yesterday, for example, in stocks like Boeing and Tesla today. Again, we saw it with Tesla again. And I think today is the kind of day that if you look at the scoreboard, you can turn around and say, well, the bulls won, right? Bulls won. Not so fast. I do believe, and again, depending on what type of trader you are, again, I trade channels. For me, the scoreboard is kind of irrelevant. You can make a case today. We did make a case. All the value today was to the downside. I mean, really was to the downside. You had your last five, 10 minutes or so. Again, if you were just hanging on the last 10 minutes of the day, yeah, you saw this, right? You saw this big, big move, whatever, spiking to the close. But look, at the end of the day, again, I don't know how many people are putting on, you know, day trading positions or scalping, whatever the hell you want to call it, in the last five, 10 minutes of the day. Again, if you're that aggressive and that active, boy, you have a lot more energy than I do. So I saw two things happen. Number one, big surge this morning on oil, right? You had crude oil moving, I think it was like 20, 25%. In the middle of the day, you had Trump. I guess it was meeting with these oil companies, whatever the case may be. And you saw these really, really big surges on all the oil names. You had XLM going nuts. You had Oxy going nuts. And you looked at the scoreboard, and the market literally went from being flat on the day to surging 3, 400 points. And I noted something, you know, we were talking about this in the webinar, and I even tweeted about this and I said, I don't see anything going higher, you know, except for the oil stocks. And again, how much, you know, how much do you really need for the Dow to surge to 3, 400 points? You don't need a lot. It's only 30 stocks. And I kept on noticing that none of beta was rallying, nothing rallying. Okay. Tesla couldn't get out of its own way. Amazon couldn't rally. Roku couldn't rally. Beyond couldn't rally. NVIDIA, NVIDIA although was the strongest stock towards the end, towards the latter half of the morning, towards the end of the day. That was the only exception. If you look at all these other stocks, Netflix and Facebook and Apple and shop downgraded today, you know, everything was either flatlining or kind of drifting lower. And I said there's no value for me on the upside today. No value. I thought the day was going to give us good value to the downside. We'll talk about the pivots in a second. And the reason for that thinking was, and this is kind of when we've been talking about the tone of, you know, having the ability to have a position, right? Have a sentiment, have an opinion of the day, and let the market prove you wrong, right? Not kind of jump gun going through the side of the fence. Have the market prove you wrong. Yesterday, again, we talked about on the video, you could split hairs, you could have made a case that we closed below the 10-day moving average on the queues. We closed above it. You could split hairs. The key of today's session was, let the bears, at least let the bears, for the first part of the day, give them the benefit of that, right? Give them the benefit of that. And although they did not take out yesterday's low, right? Yesterday's low was that 186 that we talked about last night on the video, obviously, this morning as well, you know, we put in the low to 1897, although they did not, right? They did not pierce yesterday's session. The value clearly was on the short side. However, right? Here it is. If you believe in the theory, okay? If you believe in the theory that the scoreboard doesn't mean anything, okay? You have to take into full greatest salt of what the bulls did towards the end of the day, okay? Again, I personally think most traders, unless you were positioning for the next trading day, it's very hard to turn around and say that, you know, the bulls wanted it. Yes, they wanted the scoreboard, but it's very, very hard to say they won. Because again, if you look at the channels right now and you look at the macro picture, you'll see exactly what needs to happen next. Again, we all think we're smart, not me. I know I'm going to do it, but we all start out thinking we're smart and we're trying to guess what's going to happen next. Again, guys, these are the levels going forward. Again, you can't, there's no gray area in this. Either we start building above 190 on the Qs, or we start building below this 180-86. And as you can tell right here, this is kind of why we say it's very hard to proclaim bulls of victory today. We close right in the middle. Everybody see that? Not at the highs, not at the lows. We close right in the middle. So going into tomorrow's session, again, I want to give the bears the benefit of the doubt. Because I'm a bear and I hope this market goes to hell in a handbasket. Again, you can see that's where the value is. If you go through charts today, it's very, very tough to turn around and say, wow, I love this stock. This stock is going to break out. There's nothing breaking out. We all know there's nothing breaking out. There's some stocks coming out of channels. Some names, for example, like an mRNA. mRNA is attempting to come out of a channel. A name that I found when I was charting TW. I don't even know what the damn thing is, but it looks pretty good. If it confirms it goes higher. You know, you could find names like this for tomorrow that on a verge of maybe starting to break out of certain daily channels. But it's very, very hard to turn around and say, wow, Facebook is going to rip tomorrow. Why? Based on what? Is this show you it's going to rip? Do you have any faith in Amazon's going to rip tomorrow? Right. It's right in the middle of the channel. Netflix, although, again, it's a pure play, right? It's a pure play and it's sitting and held a 50-day moving average. Again, at least you could make a case. Well, if the market is storm tomorrow, if it starts taking out today's ranges, there is back room to the 380, 385. At least you can make those claims. But again, when you look at the direct breadth of the market, right, the direct, especially in the NASDAQ 100 members, it's very, very tough to turn around and say, gun to the head. We're going to rally tomorrow. Maybe we will. Maybe we won't. But again, the most important part of the technical aspect of what's going to happen going forward is understand the macro levels. 190 to the upside, 180, 80 to the downside, everything else. Again, you really need a process to kind of handle what happens. Because again, today was very, very, very, very whipy. A lot of people turn around and say it was choppy. I didn't think it was choppy. Again, I was waiting for the channels to confirm to the downside. So there wasn't anything choppy for me. Like I didn't want to buy stocks today. The whole day I've been saying, the whole day from the time, from morning strategy till afternoon, I said, there's nothing that I want to buy. There's absolutely zero value to the upside. And at some point we were up to 300 points. I said, listen, at a certain point, at a certain point, I wouldn't be surprised that they pulled the plug in the market. And the market went red. The Dow went red, the NASDAQ went red. And then you had that late search. I was already logged off. I was already logged off and I was trying to get some exercise. It's a wild day today. Again, the key to any type of structured balance going forward. And I'm talking about in the future. I'm not even talking about even tomorrow. Number one, the spread of the virus has to slow down. The deaths have to slow down. The overnight volatility in the future's cash market has to slow down. And by no means, again, if you're an intraday trader, yes, I understand up 400, down 400 is great. If you're an investor, that's the last thing you want to see. That's the barometer for uncertainty to its highest form. And again, remember, we're only one headline away from taking down this bottom channel here and testing gloves. Again, will we test the gloves? Again, if there was a gun to my head, I would say yes. I don't think for a second this was a generational bottom anywhere here. And based on what we're seeing, based on the fact that we still have seven more states to go into what they call, at least it was a stay-at-home, stay-cation, what the hell they're calling it these days, I think it's very, very important that this country definitely logs down. Again, if you look at kind of a micro-cosmic image, if you look at the NBA teams, just an example, for the teams that did test positive, you had a couple of players including like Durant test positive on the Nets. You had a couple of players on the Jazz that kind of started out the whole thing with Don LaNichol and Rudy Gobert. If you look at what happened when they all went into quarantine and knock on wood, all those players recovered very, very quickly. If you look at everything, the Lakers, the Denver Nuggets, again, they kind of stopped it, right? They kind of stopped the spread. And again, that's what we need to do as the entire country's entire world. Just stop it, man. Just stop it. The longer we are going forward in this whole, let's see what happens next. Okay, psychology, it's very counterproductive. So again, guys, stay at home. I saw all you guys who follow Larry David on Instagram, very funny. Go back to his couple of posts. He has a video that's showing, and again, I think Larry David is a genius, but he has a great two-minute video saying, you guys are having a one-time generational idea of sitting at home watching TV. He goes, there's nothing good ever happens when you go outside. He knows something, guys. So again, stay safe, please. Stay safe. The longer we procrastinate and continue to go outside and mix and match with people, this thing is only going to spread and spread and spread. So please do the right thing. Do the right thing. So let's talk about the pivots today. Again, all the values to the downside. If you look at literally every pivot today was to the downside. I think I put in a pivot towards the latter part of the day on Netflix through 370. It spiked a little bit. Again, I was already long gone by then. So again, we talked about this one 80, 85 area, if it builds below can flush the 10-day confirmation. This is still a huge, huge number going forward. So again, every pivot was to the downside. Roku 181.30, 181, excuse me, 81 if it builds below can flush. So it gave the first flush, right? It gave the first flush. And this is kind of what we always talk about second entry. So if you look at the flush, right? If you look at the flush, it put in its initial low of 80, 75. So again, what we talk about, what we talk about second entries is you let it put in the low, let it rally back. And once it clears out the second entry, right? The low of the day, this is where you get short. Obviously never did so, but I still like it for tomorrow. Here's where everything really got aggressive. So again, Tesla after the close, going nuts, right? So here's Tesla after the close. Deliveries were 10,000, right? They were 10,000 more than anticipated, blah, blah, blah. Stock is surging. God bless, man. Stock is surging. For all you Tesla bulls, great job. For all you guys who trade Tesla, fantastic job. This stock has been an absolute monster trader, both long and short this week. If you guys remember a couple of days ago, caught this thing for the 10, 11 points on the upside. For the last couple of days, this has been downside, downside, downside, pivot's one after the other. So this was the big one today. Congratulations for all you guys who caught this trade. 475, the builds below can flush. Note, there's a little bit supply here at 470. That's where it stopped initially on support on the 60 minute. If it gets, it will get really aggressive below 469 and destroyed. The stock got absolutely destroyed. So here was the pivot right here. Here was the pivot and it just got annihilated, confirmed from the 475 and then the stock just got imploded. Completely imploded. Went all the way down to 446. We talked about this in the webinar. It could get to 442, 444. Went down to 446. Congratulations for all you guys who caught this thing. Again, this will be a crazy trader tomorrow. It really will. It will be a crazy trader tomorrow. We'll have plenty of ranges. So let's definitely keep an eye on obviously that. Beyond, you know, I shorted Beyond today. I made some money on Beyond today. And as soon as I put it on the position, I said 63, 63, if it starts building below, it could flush. And again, the stock went down to 57, right? The stock got destroyed. But again, I was watching a trader and as soon as I put on the short, it went down like, you know, it went down like 40, 50 cents. And then I looked at it, I go, why am I in this thing? Because when I looked at it, I'm like, wow. Because there was some size on the bid. The problem was once the stock started trading, it was trading like at a 40-cent spread. And I was like, oh boy, I have a problem. So I said to myself, you know what? Let me give this thing a dollar, a dollar risk. And you know, luckily enough, the futures came in and the stock started coming in. So I took some profits on the trade. And I was like, yeah, whatever. I'm happy with the trade. And then three hours later, the stock really imploded. I'm okay with that. I made a conscious decision. And I said this a long time ago. When you're uncomfortable in the trade, okay, you don't need to lose money in that trade to figure out you never should trade the stock again. It's what today is one of these days that I said to myself, as I was making money in the trade, I was like, you know what? I don't want any part of this thing. And I go, if I get stopped out on my runner, I'm good. I don't want any part of this thing going forward. It just doesn't trade well. If you believe in the story that's going to go lower, and I think it will, and I actually like it for all you guys who are trading on the option side, I actually do like it for tomorrow below today's low. It starts building. But for me, kind of washing my hands on this thing, literally 20 times a day of me washing my hands. But again, not a bad trade. Not a bad trade at all. Netflix, if it builds below, it can flush. Again, it gave its first move to about 360. Never gave a second entry. I still like it. I still like it if it goes there. Square, if it builds below, can flush $46. Again, you can see just one after another. Again, not a big move, right? Not a big move. But again, the stock second day in a row closed under, went to 45. Obviously, 45 will be the turn for tomorrow. Facebook got hit. For all you guys that took Facebook on that channel, got hit really hard. 158, if it builds below, can flush. The first candle got just smashed pretty aggressively. So here is the 158, right? So here is the 150, where's the 158? 158 went all the way down to like 156. Very, very quick move on Facebook. You pretty much get the theme. Everything got really hit here. Alibaba never got down to 85. Apple, 239, if it builds below, can flush. So here was Apple, right? Here was Apple. Here was the 239. 239 went to 237. 50s, right? 237. 50s on Apple on that first move. And again, here's next support coming in. Again, nice morning flushes. Now let's just stay patient. Everything's in the middle of the channel. And this is where everything, and these are my comments, as the market was going higher, everything was in the channel. I always say, whatever doesn't go up, buzz go. So it's just common sense. So that, and again, this is the pivot to the upside. 37 needs to build. I guess it triggered at the close, whatever the case may be. So 370 went to like 371. Doesn't make a difference. Again, here's the big pivot here. 379, 378 can test lows later, experienced traders only. You had a 30 point move on Tesla. So big move there as well. Take on the way down. New lows on deck, blah, blah, blah, blah, blah. And that's it. And that's it. So look, going into tomorrow, I'm going to give the bearers the benefit of the doubt. I will. Obviously Tesla's going to give us some ranges tomorrow, both the long side and the short side. Fridays have traditionally been a pretty good value day. The most important part is, again, wait for the channels to develop, wait for the confirmation, use second entry, and hopefully you'll get a pretty big move in your directional bias. Guys, God bless everybody. Please stay safe, stay at home. And with God's help, we'll pull through this together. 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? 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