 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. From those days, you didn't have to be that particular. You sat next to someone that knew something. You watched TV. You heard my conference call. You heard Dan talk. He had enough to deal with. We would trade a million, two million shares a day then. Sure. And even with the commissions, what were you paying? Three cents, Dan? The owner. I was paying three cents and I was a poacher. And you still did. I still was. 30,000 a month for commissions. It was a great time. You didn't fight for commissions. It wasn't like you were making one percent a day. Sure. You were making 10% on five stocks a day. 50 in one day we're talking about. Hey guys, good morning everybody and happy Memorial Day weekend. Hope everybody is having a fabulous start to their long Memorial Day weekend. God bless all the people who made this weekend. I guess possible. That's maybe some port sorts of words. We thank you again for all your services. Obviously, we're not here if it wasn't for the people to make the ultimate sacrifices. So God bless you. God bless all your families. Hopefully everybody is doing well. If you are brand new to the channel, please like, share, subscribe. We would love to share our journey, our thoughts on this wonderful journey of longevity through unbiased technical analysis. So let's get into today, right? So for all of you guys who are watching this video for the first time, again, welcome aboard. Thank you for your viewership. I started trading all the way back in 1999 in a place called generic trading. And I was very, very fortunate enough to be sitting near, right next to within five feet away. I could pretty much touch the top of his yarmulke. Myer Offmann, one of the greatest traders of all time. You can Google him, just a phenomenal trader. His partner, Ron Scheer, getting a lot of mentorship back then when I was 24, 25 years old. I'm going to be 49 in about 10 days. And the greatest part about that time was not only the great camaraderie that everybody shared being on the desk, creating bonds, creating less life relationships. It was a great time to grow up in the most incredible, most aggressive era. And at that time, it was the dot-com era. If you guys remember, a lot of people think of the dot-com era as being around for years and years and years. The dot-com era was basically from 1999 to the middle of 2001. That's it. It was about 15, 18 months with very, very huge aggression. But during that time, we saw what we thought was once in a lifetime type of market. Stocks going from $7 to $600, splitting six times within that year and a half. I mean, look at any charts like Amazon, anything during that time. Just split like three, four times within two years. And it was just phenomenal. And we believed at that time that it was us. We were doing something special and I've never hid the fact. I got very, very lucky. Nobody that I knew knew how to trade. You could convince yourself you traded that time. You can convince yourself that you knew what you were doing. You could convince others that how smart you are. But the moral of the story was stocks were on steroids. There was a performance enhancing drug test. Every single company that was trading at that time would get violated. Some sort of penalty against their performance in nature because stocks are just going out of their minds. Generational moves, real generational moves. And if you watch this interview, one of the best things that ever happened to me was being at the right place at the right time. When I was with Generic Trading in 1999, we had the temporary offices in Park Avenue South that we moved downtown to one seaport plaza. Then we finally moved back to Midtown to the Radio City musical building. And we started with 10 people. There was 10 people there. And by the time Generic was sold to, Generic Carlin was sold to the Royal Bank of Canada, 3,000 traders, 2,500, 3,000 traders. So I watched the whole business grow up. And if you remember that time, for all you guys that did trade, anything you bought, the market was forgiving. Absolutely forgiving. You didn't need to have the greatest entry to be right because that's how strong the market is. And if you watch this clip, Kyler is going to post, it's the only video interview that Meyer Hoffman had. We were very, very fortunate. Me and Meyer connected years and years ago once again. And unfortunately, he passed away a few years ago. But we sat down with the guys from this Lucci group, shout out to St. Lucci. And he basically told the story of what happened during that time. The reason why I bring it up, it's very, very similar. Very, very similar to what we've seen in the last two weeks. What we've seen now in the last two weeks is abnormal. Stocks that usually would put in a $2, $3 range on a very specific interval are putting in 5, 10, 15, $20 moves within the course of 12 hours. That's not us. There's nothing that I have done different in the last two weeks that I've done in the last 12 years that I've done in the last 24 years, more or less, that I'm doing something different to making these extraordinary moves in these stocks. It's the stock market, guys. And I see a lot of people pumping out their chest and they're talking like they just invented fire. It's not us. I guarantee it. If you've been trading Tesla, like I've been trading Tesla, especially Gressel in the last eight years, you know that Tesla doesn't put in these great, great moves every single day. You know NVIDIA doesn't put up a $100 candle every single day. You know that Amazon doesn't go up $7. Split is like $240 move in two days. It just doesn't happen. And I think a lot of times going into this weekend, people are making a very, very big mistake without subconsciously even knowing it. They're putting themselves on a pedestal that they think they can't do wrong. Eventually, like all markets, this type of aggressive nature is going to end. I hope not. I hope we still are talking about this on Monday, on Tuesday, next Thursday, next Groundhog's Day. I hope this lasts as long as possible. But I have a history of stock markets just stopping and just going into full contraction mode. I don't care about they go down, but full contraction mode. And what we're seeing now is the ultimate, the absolute ultimate of exaggeration of average to range. It's absolutely phenomenal. I don't think anybody is going to be really upset with what's going on when we're seeing this action. But calm down. Take a breath. It's not us. I give you my word. It's not us. The same channel that you could identify for Tesla two weeks ago was the same channel you could identify Tesla on Friday. Friday's results are probably going to be four times, five times bigger than it were two, three weeks ago because that's the kind of the market is. So this weekend, yes, if you did great over the last couple of weeks, enjoy it. Right. Enjoy it. Feel good about it. Okay. Because what we have as traders, the only thing we have is our confidence in our process. And when they mesh, usually good things are going to happen. So this is a wonderful thing. But just keep in mind, take off the rose colored glasses, you know, remove the blinders and just realize that this is where that right now the byproducts of an extraordinary market. Okay. When it's going to end, again, I hope it doesn't. Right. But I know the truth. Okay. And for a long, long time, we know the ramification of what happens when it stops and when it does, you're not going to be very, very happy. It's like a drug addict. Right. It's like that drug addict, a heroin addict chasing that next high chasing that next high. Let me come back from before. They, they can't find that next high. Right. And then ultimately they start burning and crashing. We don't want that anybody to do that. Okay. So every single day that you come in, have your game plan. Right. Like might might the constant message I've always talked about was having a game plan, having a game plan on both sides. Don't guess. Don't have an opinion. See which side confirms and usually good things are going to happen. Well, this type of market, great things are happening and it's fantastic. But again, check your ego at the door. You didn't, you didn't solve the cure for blindness. You didn't solve the cure for flying for cancer. Check yourself at the door. Be humble. Stay humble. This business is so damn aggressive. When the market gods turn on you, you don't want to be that guy. Okay. Enjoy it while it lasts, but more important guys just take it one day at a time, one trade at a time. So let's talk about the tape. Ridiculous. Right. End of message, end of video. Hope everybody has a great weekend, but all jokes aside, absolutely ridiculous. Everything is ripping. The hardest part going into this week is, you know, not chasing the stocks up, up $27. Right. The hardest part is finding setups and we'll get to some setups that are coming off the bottom. The biggest moves are always off the bottom, off the middle channels and the stocks that are runaway trains. I know people are holding runners on, you know, different things this week, NVIDIA, Amazon, Tesla, whatever the case may be. The point is again, always remember it will end, right? Just always remember that it will end. And the last thing you want to do is start chasing stocks up three weeks above their pivot points, three weeks above their breakout levels. And if you avoid that, okay, and you really look at the market on a day-to-day basis, you should be fine. So going into this week, again, you know, you want it, hopefully the gravy train keeps on going. Again, it's very, very hard for me to, you know, to talk about, you know, how many more, how many more cryptocurrencies can I use about this market? I can sit there for four hours talking about this. But the point is it's an aggressive market. Let's hope it continues. Any week openings, obviously, we're looking for the strongest stocks to buy on dips than the NVIDIAs of the world, the Teslas of the world. Marvel had an absolutely phenomenal run. Workday had a huge earnings quarter. You have Tesla that's, you know, ready, you know, maybe a day or two away from ready. Again, we just need to get above this whole thing, man. If this market just continues, and we've had some phenomenal pivots on Tesla, but if this market continues, we could just get above this whole channel here. You see this, this whole channel here, a close above 205. I think it might get a little bit of resistance here around 200, 202 area. But man, oh man, if this week, if Tesla could finally be, you know, just completely sprung loose above this 205 close with this type of environment, God knows, man, we could have some epic, epic events in our near future. So hopefully that continues. Other than that, OK, other than that, what's going on, right? So we have the debt ceiling, McCarthy, Biden. I've been saying this now for two weeks. Now that the focus is pretty much off earnings, we're going to debt ceiling talk. Look, I've been hearing about this debt ceiling talk ever since I started trading. The debt ceiling has always been has always been raised. Nobody wants a default. That's number one. And also, again, we're going into election year, whether you're a Democrat or Republican, if you're a Biden supporter, you think this guy wants the country to default? That's what he's going to run on for 2024. I'm the president to let the country default. So a deal is going to get done. The fact that they're talking about, well, you know, there's some sticking points. The deal is going to get done. OK, nobody wants this. Nobody sees it happening, especially it's not good for business. If you are running for reelection next November. So it's not going to be a pretty thing if we do default. And this is going to be the guy who finally makes everything cave in. We'll see, you know, we'll see what happens that other than that. Earnings are pretty much done deal. You know, the moves that we're seeing are just supernova, NVIDIA, just absolutely monster, absolutely monster, maybe one or two more consolidation. I think it started getting above the earnings high this week. You could see a push to four, you know, four 10s, four 20s. They're coming with massive, massive option flow all the way all the way through. Amazon has just been an absolute rock star. Apple is broken out. I mean, millions of times over. Microsoft is just going absolutely insane. Anything with the word AI is going absolutely insane. You could see AI is getting close to its, close to its January, February, April, April 3 highs for a massive breakout there. Even a stock like Oracle. Well, is the last time we talked about Oracle. Look what Oracle did on NVIDIA's AI, right? Everybody's into AI just the same way everybody was into COVID testing. Everybody was into Bitcoin mining. Now everybody's into AI. God bless. Anything to make life easier is a wonderful, wonderful thing. I think the most important part of going into this week is, and I know there's some always data coming out. I think watch the tendency of the stocks the same way that we recognize stocks were getting tired. Remember a couple of days ago last week we were talking about an exhaustion cycle that we potentially had a potential pullback, which we finally did, right? An exhaustion cycle. The biggest clues this week is the leaders. If they start stalling out and we start putting in lower highs in consecutive days, it's not that the stock is going to go down. It just wants to rest a little bit no matter how aggressive or not aggressive it gets pulled. So keep an eye on that as well. We do have data coming out this week. We also have the Fed coming out sooner than later. It feels like they're coming out every single day, every single minute. But the point is, again, guys, just trust me. I've been there where the euphoria ends and the bubble pops and the champagne has been drunk and there's nothing left, right? And it's a horrible, horrible feeling if you're not prepared for it. So the most important part is put yourself in a situation and just taking it one trade at a time, one day at a time and not long anything that is overextended. One bit piece of news before we go on to some ideas that I like for this week and the pivots from Friday. This three days, the Memorial Day weekend, guys, we are running our special trial. It's only 47 bucks. The whole 30, you could test drive, kick the tires for the PS60 theory and the pivots and all that great stuff that comes with it in the live webinar. And again, I really do think every trader needs to find their sweet spot. It could be the common form of pivots. It could be common form crypto, small caps, make up whatever the case may be. But again, I think you deserve to at least get yourself exposed to everything. And these three days through, I think through Monday, it's a special sale here. So if you are interested, it's only 47 bucks, guys, come check it out, see if it's the right fit for you. I promise it's not a fit for everybody. But if you are a patient trader and you are very attention detail, it could be something really, really cool and you'll really enjoy the ramifications when it gets started. So that's that. So let's talk about some pivots from Friday. Again, as you can imagine, just everything went bananas. Tesla 187 needs to build. Tesla went bananas, right? So it took out the 187, took out the 87 to reclaim the five day. Not only did it reclaim the 187 to five day, it reclaimed last week's highs of 193 and went all the way up to 9860s. Again, I think it needs to clear out. I think it needs to close above 20 for this thing to really get going. I mean, super and over-esque. I think this thing needs to close around 204, 205 to really get this done. Let's see if we can get there. But fantastic move on Friday. Apple again, when nuts 174 needs to build. Funny thing is Apple hasn't even taken out the previous week's highs. I actually like Apple going into this week. But again, it took out that 74 traded up to almost 76. I love that, you know, watch the last week's highs on Apple. If it goes, it could get stretched out. A bunch of 77 and a half and 80 calls were trading. Nvidia, this was awesome. 8350 rejected twice for experienced traders. Needs to build a couple of ways to play it. This, you know, 373 remount, which I never got to, which sucks. I wanted to bounce it off the 373 level, got the 375. But this 8350, 84 was great. And here was the 60 minute view. And this is what we talk about part of this PS60 theory, the sneaky pivots, right? So you see this whole area here, right? You see this candle here, pre-market, 383.45. The next candle here, 383.49. That's where I got the 383.50, got rejected twice. So once it got above the 83.50, just absolutely exploded. And the video went all the way up to almost 92. Huge, huge move on the video. Just phenomenal action. Coinbase, we were watching through the downside, never got there. Marvel went absolutely nuts talking about a gap and go in this environment on earnings. Earnings gap, 59.40 and 60 needs to confirm for the next leg up. Here is Marvel. So let me show you the 60 minute chart, right? So here is the 59.40. You see these two candles here, right? Here is the 59.40, the pre-market highs. Here was 60, the after hours highs. It cleared out everything. And well, you see what happened to the stocks went absolutely nuts. I get everything went nuts. Workday 217 needs to confirm. Only ran up about a couple of bucks, but I still like Workday. Good consolidation. But you can see here, it took out this whole channel here. Only ran up a couple of bucks, but I still like it. Keep an eye on this thing above the earnings highs going into this week. And Amazon was phenomenal. Amazon was great. We saw a huge call buying coming in for the 18, 19, 20s weeklies. And Amazon did not disappoint. Definitely for one of the best moves of the day. Definitely one of the best trades of the day. The 1734 took out the 1860 and traded all the way up to the Bollinger Band of roughly 122. Huge, huge move on Amazon. And I believe that's it. I mean, listen, everything popped. You know what I mean? Nobody's a genius. Nobody's taking credit for this, you know, picking out these phenomenal moves. Everything is ripping, guys. Everything is ripping. Look at these moves. And by the way, did you see, what was that stock? What was that stock? It was the semiconductor. I don't trade the name often. What was the semiconductor? It went from like 700 bucks. A vago, a vago, a vago, right? This is the market we're in, folks. Okay, this is the market we're in. So when stocks go up 100 points, just because, again, this is not something that we're doing different. It's just the market rewarding us for our process, our patience, and give us the ability to thrive in a very, very small vacuum. So guys, again, if you are planning to join us, you have three days to take advantage of the really, really small investment in your life, man. Again, if you fall in love with technical analysis via the PS60 theory, the technical analysis is going to fall in love with you. It's just a phenomenal, wonderful process that so many people are enjoying. If you have an opportunity to spend some time with us, kick the tires in the next 30 days, I think you can make up your mind for yourself. Guys, God bless. Have a wonderful, wonderful Memorial Day weekend. Get some rest. Do something nice for yourself. Get healthy, right? It's all about health. It's all about happiness, and it's all about love. I'll talk to you guys all on Tuesday. Take care.