 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. Good morning, everybody. Welcome to another edition of the AccessaTrader.com Nightly Update Show. It's actually the weekend update show. It is Friday. It is Good Friday. Again, I want to wish everybody who is observing Easter very, very happy Easter Sunday. And for all the rest of you folks who are not, hopefully, you'll get a nice long, relaxing three-day weekend. So before we get started, guys, thank you very much for all your viewership before bringing you to the channel. Please like, share, subscribe, come aboard. Take this journey with us for unbiased view of technical analysis. So let's talk about this. So if you watch the video this week, we talked about the importance of understanding your surroundings. 1740, that 31740 level on the Qs was an area that we were watching just because the market felt a little bit heavy, a little bit heavy towards the middle of the week. You started seeing decreasing channels of contraction channels and some of the leaders, the Microsofts of the world, the apples of the world, you know, around Tuesday, Wednesday. And we talked about the importance of this five-day moving average that if the Qs lost the 31740s, there's a high probability that, again, if you believe in the whole theory of stocks trade from the supply supply and demand to demand, that there's a strong possibility that if we lost the 31740s level, we were going to get down to the 313 level, which was the rising 10-day moving average. I talked about it on X amount of videos, and that's exactly the way it played out towards the end of the week. Gravity kicked in. Again, I wasn't calling for Armageddon, and this was the top of the market. We're trading day-to-day. I'm not trying to guess what's going to happen a month from now or three weeks from now. I'm trying to just take the data, use the pivot points that I've created since 2011-2012, and kind of just take advantage of the price action just from day-to-day. That's it. We trade long, we trade short. It's all about taking control of the data points and waiting for confirmation. The market had a nice organic pullback. We took advantage of that pullback from that 31740 into this 310 rising 10-day support. The bulls did a pretty good job. That was literally the low from Friday 31282. Bullard came on, started making some comments. The market rallied, and in the process, the bulls reclaimed the 10-day moving average and now are just one or two days away from possibly reclaiming the five-day moving average, which was the 319 level we talked about Wednesday. You can see here, Wednesday's high was 319, yesterday's highs was 31855. For the bulls going into this week, for the bulls to kind of keep this momentum going, kind of holding the 10-day moving average, they're going to have to reclaim 319 on the five-day moving average again, which is the shortest term sentiment. If the bears want to make a little bit of a stronger push into another potential back test, they're going to need to close below this 313. So 319 to the upside, 313 to the downside. If we start reclaiming 319, then we go back to resa highs around that 322 level. If we reclaim the 313 on the close, then we're talking about 310308 for a natural back test. If you look at the numbers this week, nothing really stands out yet. The Dow up 6-tenths of a percent. You have the NASDAQ down 1.1% just because of the Q's back test and the S&P 500. Again, granted all these banks are still there. Remember that they're predominantly the representation of the S&P 500. The S&P was what? Again, it's a very, very bullish statement how no matter how much news comes out, you can start seeing a little bit of a calming effect now in the last month or so. Since all this news came out about the banks with SBB and four different banks closed down, we're starting to get known. We're starting to get known. We're starting to get calmer. You're starting to get less headlines. Of course, the worry is still out there. There's another shoe, the potential it could drop. You have to really like from the point of price action that the market has still not really caved in. You had a couple of days of jittering prices and the bulls reclaimed back the 50-day moving average and then there's a huge disconnect between the NASDAQ and the S&P and especially the Dow. Since there's no market action today, the market has closed, you had a couple of bits of news coming out. Number one, you had the jobs number coming out for March. Unemployment rates fell 3.5%. I'm just literally reading this out. Unemployment rates fell 3.5%. This came out 45 minutes ago. 236 jobs, 236,000 jobs were created in March. Again, we'll see how the market reacts to that number on Monday. Yesterday, though, you had a couple of pieces of information that could impact the tech sector. You had Samsung coming out and said they're significantly going to reduce the output of their chips. If you saw why, they came out and 96% profit plunged for Samsung. Is that going to affect Apple? Is that going to affect the other chips? We'll see on Monday. I also combined with not a related story with Samsung, but Apple did see some really, really aggressive sell sign inside or selling over the last couple of weeks. Is that anything to do with the whole spectrum of production, the whole industry view? We'll see what happens. You had Samsung coming out with a crappy profit plunge of 96%. You have a jobs number that we have to decide for anything. I just trade price action. You could spend your weekends debating with somebody on social media what happened with the jobs number. I'm going to enjoy myself. Also, a big story that came out after the close yesterday was Tesla. First of all, Tesla was a great, great trader this week. We talked about the importance of the 50-day moving average. It lost a 50-day moving average, went from that 190 level all the way down to 180. A really, really good trader on Tesla, but they did come out with another round of cuts into their price production points to spur demand in the United States. We'll see how the market reacts from there. Ultimately, the big picture, if you can stand back and big picture. Again, we know the market's not going to go straight up. We also know the importance of what happened on January 6th. That was the bottom January 11th that sparked up this whole rally. We know the big picture, still the bulls are in control. They continue to brush off bad news on a macro scale. The big picture still is higher. If the bulls can reclaim the 5-day moving average, there's a lot of really good-looking charts to deal with if they start breaking down and start confirming the 10, then obviously we're going to be focused on the downside as well. But again, taking one day at a time. Again, when I talked about that 1740, I wasn't saying, well, this isn't the top of the market. We were just taking advantage of the price action for the next day. It lasted for a couple of days, and here we are. Here we are with a new game plan. I always encouraged traders over the weekend to go through charts. Go through a lot of charts, 500,000 charts for the weekend, even if you don't know what you're looking for. This is a very, very important point. Even if you don't know what you're looking for and you're a brand new trader and you're a novice, start looking at charts. You're going to see a lot of similarities to price action where stocks stopped, where they started. That's kind of how I kind of created the PS60 theory about 11, 12 years ago, probably 12 years ago. The most important part is you start seeing muscle memory. Subconsciously, you start seeing muscle memory. Even if you don't know what you're looking at, eventually things will start to click and you'll start seeing a lot of common denominators when a stock breaks out, when a stock stalls, and when a stock fails its breakout and starts breaking down to the bottom side of demand. So it's just something that you continuously want to work on. Again, I've said this for many, many times. Again, new traders, you don't need motivation. How much more motivation do you need in life? You don't need motivation. You need a process. You need work ethic. You need to cut out the noise and omit all the negativity in your life so you can stay focused and tackle the task at hand. Because remember, this is an unforgiving business. You don't get a mulligan. You don't get a second chance. Your harder money is online every single day. I don't care if you're trading for a week or you're trading for 24 years like I'm going on to. Your money is as green as everybody else. So make sure you be a better friend to your money and make sure you really know understanding what you're doing. Because again, if you're playing checkers, you're playing chess against really exaggerated people who have been doing this for a very long time and unfortunately they will take your money and they're going to take your money with a smile on your face. So please put yourself in a position to work because whatever you put into this business you are going to take out and it's very, very important to come prepare it every day if not, don't even bother putting money on your computer because again, you are in tremendous disadvantage against people who have been doing this for a very long time. So continuously to work, work, work, work. So going into this week, again, I'm always prepared on both sides of the market. Let me give you guys some upside plays. Let me give you guys some downside plays and we'll start from there. We just talked about the Qs. Google continues to be just a rockstar, right? Absolute rockstar on all these stocks. The stock, if you guys remember on Monday's video broke out above the 104 level and really never turned back. This thing broke out on Friday. If the market continues to be good, keep an eye on this thing for Friday from Monday above Friday's range or a dip, right? We're always looking for dips. Again, these are bad wicks on eSignal. But if you could get into the rising support, especially at the open, you always want to look, you always try to buy strong stocks that broke out the day before on dips at the open. Microsoft just went out of its mind just completely engulfed. Once it held the 10-day moving average, completely engulfed, three days' worth of selling, close at the highest point. Same point of reference from Google. You want to see if you could buy this thing on dips. Apple, again, I want to see how Apple responds to the Samsung news. But Apple is kind of mirroring the Nasdaq 100. As you can see here, Apple's gotten rejected back-to-back days on the five-day moving average. If Apple can finally get above the five-day moving average, you should see new highs as well. And again, I'm still watching. I've been trading Tesla now for the last three, four days to the downside. It's a phenomenal move, absolutely phenomenal move. I want to see how, number one, it handles the news of additional deep price cuts going into Monday. But if it starts taking down the bottom of the channel here this week, I'm definitely, definitely interested. Because again, look at which room we still have here. So it's something that I want to continue to monitor. Obviously, I watch this thing every single day. ARLO has been a name. It's been grinding really, really nice for all you guys. I know I covered this. I've been longing this thing for like three, four days. Beautiful breakout here from the 20 areas. Just keeps on grinding and grinding and grinding. Hopefully it finally has its expansion date. And what little stock I want to give you guys, keep an eye on this thing. The stock is MTTR. I don't know anything about it. I don't have a position in this thing. On Friday, they were coming for the main 19th $4 calls over and over and over again. Again, maybe it's something, maybe it's nothing. But watch this, you know, watch again. It's not going to be a day trade. It's going to be probably like, you're probably going to be in this thing for like two, three weeks. But keep an eye on this thing. If this thing could finally start taking out this top $4, $5, $6, $7 times in a row, maybe it finally starts waking up again. If you're betting the $4 calls with about a month of exploration, a month and a half of exploration, I know this, does somebody know something? Well, I mean, obviously somebody knew something with the WWE, right? A month ago a guy came in, a guy came in for $5 million premium when the stock was at $82 for the 100 calls, right, for the April 100 calls, yada, yada, yada, they got taken over or at least merged at $106 a share. So that's it, guys. That's it. If you are, if you've been considering, if you've been watching this broadcast and been considering to see if pivots are a good fit for you, again, I broadcast a Monday through Friday. I speak for six hours a day. Like I've been saying, I don't think pivots are for everybody. You have to be very, very patient. There's a lot of moving parts. But if you've been on the fence and you want to try out the pivots again, you know, stop by the webinar, you know, live webinar. I speak for six hours a day. We trade. We share the swing. Everything that you could possibly get under the sun to put yourself in a situation to make an educational decision if this is the right process for you. I think I could speak for a lot of people in the webinar. It is pretty cool. Obviously, you guys have seen what we've been doing on a day-to-day basis. Other than that, guys, I want to wish everybody once again a happy, long weekend. Awesome Easter, right? Awesome Easter and cherish this time which you'll love when you're friends. Again, we only have one life. We don't get them all again. Guys, stay blessed. God bless. And I will see you all on Monday. Take care.