 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 to be here everybody. Welcome to another edition of the Access a Trader.com nightly update show. It's only Tuesday. For me it feels like a whole week has come, has gone. Last night, and again I have to apologize for my lack of enthusiasm for the rest of this video. Last night I just couldn't fall asleep and then I wanted to fell asleep, I woke up. So make a long story short, I've been up since a quarter to five today. Usually I wake up around 6.30, maybe seven o'clock, probably closer to seven o'clock. So rough, really, really rough. It's very, very hard to trade when you're not focused. The good thing is I have an unbelievable coffee maker and a lot of you guys have it as well. It's called an Nespresso machine. No, they're not paying me for this ad, but if you want to get jacked up all day, order a Nespresso machine. It will be good to go. So let's talk about the market. Q1, right? Q1, everything hit the fan, okay? We literally everything hit the fan. COVID started this monster wave of just uncertainty and illness and death and the economic halt and the worst market of all time. Four closures about to come. Student loans default. Everybody's unemployed. The world's going to hell in a handbasket. This is the end of the world, right? Down 20% for the quarter and raise your hand, okay? Raise your hand if you thought that Q2 would completely erase every single loss that the S&P 500 had for Q1. Just absolutely astounding. I forgot the gentleman's name who actually tweeted out that stat. It's on my Twitter feed. So if you go on, you'll see who tweeted that out. It's an amazing stat. The first time since 1932, I believe he said that Q1, the S&P was down 20% only to make it back Q2, just ridiculous, just absolutely ridiculous. But again, this is what 2020 is. It's the land of the ridiculous. It's the expect the unexpected. It's down is up and up is down and George Costanza is the ruler of this market. Again, nothing needs to make sense anymore. And the one thing that we kindly always talk about is the idea that the only thing that we can really trust are these charts. And last night, again, if you've even been following this broadcast just for the last couple of weeks, again, we just try to win the day's interval. That's it. We try to win the day. We're not trying to predict what happens. Obviously, we have an opinion. What's going to happen next day? We have a game plan to what's going to happen the next day. But until that plays out and gets confirmed, again, is just an opinion, just a game plan. Again, we're not trying to guess the closing prices. So yesterday, just to kind of rewind, again, the bears really dropped the ball. They confirmed the previous channel, right? They went lower phenomenal flushes yesterday. I don't think anybody could turn around and say there was phenomenal flushes in anything you tried yesterday on all beta names. Phenomenal job by really, really aggressive rock pole. But then the bulls did an equally better job in reclaiming this rise in support. And I basically said in last night's video, if you believe in most basic technical analysis and trust their mirroring process. Again, this closed yesterday, right? Look like this closed. Again, both reclaimed a rise in support. So the bias was to the upside today, right? And, you know, we talked about the names, you know, the Teslas of the world will get to that. And just to use the word unbelievable move is pretty much an understatement. But, you know, again, we talked about Tesla last night. You know, we talked about the macro levels for weeks, that 1020 level kept on getting rejected for weeks, for weeks, for weeks. And the same thing that we started seeing yesterday, right from a pre aggressive run up in shares of Tesla, which we started showing you yesterday from that sneaky 990 area that confirmed and did the right thing and kind of reclaim supply. You started seeing the same patterns. If you kind of go through and forgive the phone ringing as I record. But if you kind of go through these videos, you know, week after week after week, the stocks that really aggressively break out start seeing very, very aggressive option flow. And we started seeing that option flow about a week and a half ago, as Tesla was coming back from a pretty good run from that initial breakout from that nine. I think it was at that 835, that 835 initial breakout. So I had this really, really big run. So it was set up. Okay, it was set up today. A lot of names on the NASDAQ composite were kind of set up the same way. Again, we talked about basic technical analysis, inverted hammer is bearish, hammer, right is bullish. And we got the move today, right? We got the move today in the indexes. What was important about today's move was that the market actually opened up lower. And I turned around and I said, pre market, God, God, don't tell me we're going to roll over, right? Now that we actually reclaim supply, you're going to explain to me like I'm two years old and try to convince me. That we're going to roll over. So again, we let the market play out. Okay, when you have a plan, I've been saying this every single night. You have to let your thesis, you have to let your research from the night before tell you your role, right? To kind of look at a different direction. And today we would definitely buy buys. Okay, you'll quickly see just off the pivots today. Tesla obviously was the moonshot of all moonshots. Facebook had a great debt, dead cat bounce. Even beyond had a great dead cat bounce. The video went absolutely berserk today off of the micron really good earnings. Ironically, micron actually failed today at the top of the channel. We'll show you that in a second. But ultimately the bulls did a tremendous job. Just a really tremendous job. Not only today, not only yesterday defending the range, but they defended the range here and here and here and here. And this is all through Corona, Corona, Corona, economic damages. 45, 50 million people unemployed, just an unbelievable job for the bull nation. Okay, and again, nobody knows what the next quarter is going to bring. You can guess, you can have a theory, you can say whatever you want. Again, our opinions don't matter. I'm an idiot. Okay, again, I'm an idiot. The reason why I'm very simplistic in my approach, because I know I'm not smarter than anything. This table has a much, much more common sense than I do. So I need data points. I need to collect as much data as possible to tell me I'm in the right direction, whether it's long, short or indifferent. But it's very, very important that I let the market play out. So the idea that anything can happen, the third quarter of the year is on the table. Can we go to all-time highs? Hell, it looks like we're going to go to all-time highs tomorrow. Can we turn around and completely start breaking down and go lower? Yes, yes, yes, on everything. Everything is on the table. Everything is on the table in the George Costanza. Nothing makes sense market. But again, as we've been saying for a long, long time, it doesn't need to make sense. Okay, I'm wrong. You're wrong. I'm dumb. You're dumb. You're dumb. The smartest people in the world are the ones sitting on the sidelines trying to make excuses why they missed this 20% run-up. Again, it's much easier. I said this for a long time for a lot of these funds, much easier to raise money than to manage it properly. It's just the reality of the business. So if you look at going into tomorrow's session, again, this candle engulfed one, two, three days in a row, closed over the supply. And again, now we are, again, stone throws away of setting all-time highs. Again, testing this inverted hammer, this 251 level from last week. So kudos to the bulls. Job well done for the second quarter. Let's see you do it again. Right? Let's see you do it again. Again, long, short and different. As long as we're patient, we have an opinion. We don't deviate from our process. We don't prostitute our money. We're going to be okay. So let's talk about the market today. Just absolutely, just huge moves. I mean, really, really huge moves. They obviously, my trade of the day, everybody's trade of the day probably was Tesla, right? If you're probably on the feed. And I know NVIDIA did very, very well. And I know a lot of these names did incredibly well. But I think everybody's attention was on Tesla this morning. I forgot who it was who upgraded them. It wasn't a big upgrade. The upgrade was to like a nine. I don't even remember who it was. It was an Oppenheim. I don't even remember who it was. So somebody upgraded Tesla today. And if you remember yesterday, right? If you remember yesterday, there was a sneaky pivot right here, right? 990 needs to build. Okay. That was a big, big level. And the reason why 990 was a big level, it kind of got it out of this middle wedge that kept on hitting like week after week after week in the last couple of weeks and just kept on getting rejected. And any close yesterday above 990, right, was going to really start setting the thing off. And I have to say this much. I really have to say this much. Elon Musk and the folks on Tesla, okay, they are the leaders, hands down leaders of the most leaked emails in the history of the world, right? Most, most leaked emails that they lead the league, as we say, they lead the league in most emails. So whatever the hell it was that sparked this stock, 1020 again, still Mac huge. I mean, there was nothing left to say still macro huge area. And we started seeing, you know, the market opened up Tesla opened up around 1007 1008. And this is kind of my point. What you're looking at here is flow out of it's the option scanner that I use. So we started seeing really, really early aggressive option call flow coming in very, very fast. Okay, so right off the open, okay, literally right off the open. And first of all, yesterday, somebody bought the 15, the July 1500 calls. So I thought right away, you know what, there's something brewing, right? Again, it's the prelude to the kiss. And this morning you started seeing, you know, somebody comes out and buys the 1025, 1025 weeklies expiring on Thursday. We knew that was going to be the big level. And then you started seeing really aggressive call buying. I mean, one after another, after another, you started seeing the 1050s, the 1120s for next week, the 1150 weeklies, right? The 1080s, the 1100s, the 1150s, the 1170s, they were coming for the 1220s. And I laughed at this person. I said, dude, how much more do you want the stock at this point was up 8090 points. I'm like, you tell me, you want another 140 points out of this thing in the next 36 hours? So as I was laughing at this guy with the 1220 comes another guy right after him for next week's 1520 calls. Just ridiculous. Just absolute ridiculous. And again, Tesla just went nuts. Just went nuts. I got along a little before the 1020 because I saw that aggressive volume come in. Here's the 1020, right? Here's the 1020 that we've been talking about for weeks ever since June the 11th. So we're talking about three weeks, right? Three weeks of consolidation and it just went nuts. I mean, just absolutely nuts. I thought it was going to get to 1060. That was like my, I said, look, 1058, 1060, I think it gets there. I didn't think in my wildest dreams. And the reason why I said 1058, 1060, that was the linear regression line going into supply. There's no way on God's green earth that you think it was going to slice through supply like it wasn't there and trade literally to all time highs. I think if you look at the weekly chart, right? If you look at the weekly chart on Tesla, right? The weekly chart on Tesla. I just completely obliterated every little thing based on the call buyers for, you know, for the weekly charts for the guys, the guys that come in 1100, 1120, 1150, 1220s. Any dip tomorrow, any dip tomorrow into the rising 60-minute support, you need to buy this thing. There's no other way around it. You need to buy this thing even if it has a res date tomorrow. If that dip buy on 60-minute support after a monster breakout is high probability. So Tesla, right? Tesla. Tesla monster. Facebook, you know, really good solid snapback session, 20. And again, I only traded today. I traded today Facebook and I got along this NET. We'll talk about N18 in a second, which I'm still long overnight. I'm just a little intrigued by it. Facebook, 2080, 21 needs to build. Facebook, you know, went nuts. Actually had a really, really big move. So here's the 2080, right? Here's the 2080. Completely went through it. Just had a really big move here to 227. If you did trade Facebook today, congratulations. FSLY never got down to 76. INSG, complete dud. 1180, 12 needs to build. I think it only went to like 12 and change, right? It went to like 12, 10 and just completely died on a vine. So nothing there. MU, which is so ironic is MU is the reason why NVIDIA sparked. We'll talk about that in a second. It failed. It kept on getting rejected at 5240s. It got rejected literally three times before it sold off a couple of bucks. Again, ironically, because of MU, which stalled out, NVIDIA actually had a monster day. 373 needs to build on NVIDIA. Here was NVIDIA, right? So here's a 373, just absolutely went nuts. You know, went nuts, put up a $78 candle in the first 15 minutes or so. Big, big move. Facebook, take on the way up. Take on the way up. Even beyond. Even beyond actually had a trade. 134.50, 134.75 needs to build for, you know, quickly for a DebtCat bounce. Here was BYND, right? So here was BYND right over here, right here. Here's the 134.50, 134.75 area. Actually had a nice decent pop to 36.60s. And then again, just died on a vine as well. But again, DebtCat means DebtCat. DebtCat doesn't mean breakout. DebtCat doesn't mean confirming channel. DebtCat means oversold challenge of bounce. So this was a very interesting play. And I haven't been really taking a lot of inventory. But I took this one overnight. 35.90, 36.60 needs to build. We started seeing really aggressive call buying for the next couple of weeks, right? I mean, they were just going one after another, after another, after another, after another. They were literally coming for the 40s. I'm long at 35.94 average at the end of the day. I'm literally up a penny. I'm up a penny on the close. Not bad for five hours work. So I'm kind of intrigued. I'm going to use today's low as my stop. So I'm basically risking about a buck in the trade. Technically, it actually needs a little bit better prices. Technically, it really needs to start getting above that 37 to really go. But again, this was at least the first good step that it reclaimed the five-day moving average. So again, we'll see what happens. I'll risk a buck in the trade. So net, I'm still in there. Again, what are you going to say? Best stock ever on the video? A monster move today? Good job by Brett. And again, we were laughing, but 11.50 call buyers just going nuts. Tesla, yeah, this was my point. I go last supply, 10.58, 10.60. They're going pretty aggressive there as well. And then I start joking around. I go, well, today was interesting. And again, I say that joking around because again, you can't predict aggression. You can predict bias, right? You can predict bias. You can have an opinion of what's going to happen in the indexes. You can have all that stuff. Nobody in their right mind can turn around and say, well, you know what? Today's the day that Tesla's going to break out. Not only is it going to break out today. They're going to be buying $200 out of the money calls with, you know, two days left in expiration. And oh, by the way, it's going to have this master move. But again, I know a lot of you guys did very, very well. Obviously, today was definitely the trade of the day for me as well on Tesla. And I think going into tomorrow, you know, I'm bullish. You know, I'm definitely bullish on the cues. Again, I think the bears did a terrible job yesterday. Not only not, you know, really finishing the bulls off after this magic run, but, you know, they let the bulls really reclaim daily supply and daily support. And that was a big, big kind of green light for the bulls. And obviously 200 point gap, 200 point run up today on the Dow. More important, 200 point gap up today in the NASDAQ composite. And that's kind of where we make our home. So guys, have a great night, everybody. I know a lot of you guys have runners on Tesla overnight. We'll see. You know, we'll see if those 1150, 1200 guys get paid. Right, guys? Have a great night, everybody. Enjoy yourself. For all you guys who are, for all you guys, because I usually answer my emails very, very quickly, I'm going to try to go to sleep tonight around nine o'clock. I just had no sleep. So if you are emailing me today after nine o'clock, I'm going to, I need rest. You know, I need rest. I woke up way too early today. Unfortunately, didn't get any good night's sleep. So I could be fresh for tomorrow. So guys, have a great night, everybody. God bless. I love you all. And I'll see you on the field 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.