 I tell you, you've got to give the bulls a tremendous amount of credit, resilience, whatever adjective you want to use because not only did they 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. This is 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 AccessToTrade.com. We can update show up. Everybody is doing great. I hope everybody had a great trading week. Let's get right into the action. So ever since May 20, May 20 is a big day for the bull for this last rally of the markets. Now everybody knows why if you've been watching this broadcast, May 20 is where technology really woke up. This is where bulls reclaim the 50 day moving average. Again, 50 is a super important area that shows who's really macro control of the center. If it's underneath the 50 day moving average usually is a sell signal and many, many sell signals. If it's above the 50 day moving average, it's super duper bullish. And since May 20, the monster run in the mega cap space or just technology in general has been absolutely phenomenal. I think investors have been happy. I think everybody's been truly, truly blessed on expanded measure potential, a lot of moves. And this week was just number one a short week, it was 4th of July weekend. So the action started on Tuesday. This was the first week since May the 20th that the bulls had to show their character, how to show that they were going to give up the ship, that they were going to fight through adversity. Because again, when you have a linear market, if you've been watching this video just in the last week, you know the dangers of a linear market because when they do pull just because gravity is real, the stocks that have the biggest runs always get pulled the hardest. And this week, if you're a bear, very, very tough to be very, very happy with number one with the performance of the bear side of the market this week. But number two, I mean, how can you turn around and have a really good feeling about the sell side of the market going through this week? It's very, very tough to say so. We had just to give you an idea of how strong the bulls did today and how great the bulls did this week. They had an intraday pull, right? Intraday pull of talk about six points on the queues on, what was it on Tuesday, right? We had another intraday pull, a massive pull on Wednesday, okay? And if you guys remember, excuse me, if you guys remember on Wednesday nights broadcast, if you go to Wednesday's video, because Thursday there's no video. If you go to Wednesday's video, this is the first time I was sell biased in a very, very long time just because of the data that we kept on collecting from Tuesday session, Wednesday session. And you had to ask yourself, how many times can you test the bottom of that channel before breaking down and going into Thursday session? I said, look, look, I'm not saying I'm going to get destroyed here, right? But you have to be prepared. There's a lot of value on the sell side into Thursday session. And what happened on Thursday, if you guys remember, my game plan was completely burnt, right? It was done because the Dow gap down 500 points, literally that 500 points. So anything that I want that is short going into Thursday session was gone. And the craziest part about Thursday session was what I thought was going to happen potentially for the whole day happened pre-market. And you had a gap down literally to the bottom of the range on Thursday session, which was the 10 day moving average, right? The 10, literally the whole day's average through range happened pre-market. And the one thing that we constantly talk about when you have bull market, okay? And you have these big aggressive gap downs, the values always to the upside. Again, if you've been watching this video for a long time, you kind of know this by now, just because when you're shorting into the hole, which basically means an emotional rollercoaster, Pandora box, and you have a bull market and rising 60 minutes support or rising daily support. That's where people's frustration and aggression and fear kicks in. And emotional sellers are kicking into realistic buyers and technical buyers. And that's exactly what happened Thursday. And we aggressively held support again, started going higher. And the question was going into Friday session was, well, we held the bottom now three times in a row. So if we would have had, for example, a flat or slightly open day on Friday, can the bulls hold on one more time? And how many times can the levy be tested, tested, tested before the damn gets broken? And I tell you, you've got to give the bulls a tremendous amount of credit, resilience, whatever adjective you want to use. Because not only did they hold the bottom range at a really, really good aggressive rally towards the end of the week, led by the mega cap names that got pulled random times on Wednesday, and Thursday's gap down, everything held. You had monsters continue to lead the way, the apples of the world. And Amazon, if you're watching this broadcast, broke out. We talked about about that 3750, 3720 to 3750 level. Amazon traded all the way up to the 3760 level, just a phenomenal, phenomenal move. And one thing about Amazon is when you started seeing the markets sell off, they weren't just coming for the 3,800 calls anymore for next week. They're coming for the 3,900, right? We saw some 3,900. We saw some selective 4,000 calls as well for August. But you can tell how much really big conviction and money flow there is, not just on Amazon, you saw Apple as well. They were coming for the 150s, the 155s, the 160s I saw, some selective buying as well. Even Tesla, right, that has been kind of really all over the place. It was an awesome trade for us off this 50-minute channel. It's got rejected twice off the top of the range. But even Tesla, on that gap down on Thursday, that 500 gap down, it held, reclaimed the 50-day moving average, rallied all the way to the 10, assuming to the 5-day moving average, which is short-term sentiment for this week. So Tesla's like literally a stone throws away testing back into the upper channel again, so the market looks really good right now. The names that got tested, got sold, came right back up, as you can see here, especially Thursday on Facebook, just mirrored NASDAQ 100, held the rising support. And again, just like Tesla, it's one day away from confirming to go back to the channel. Even a name like Boeing, right? Even a name like Boeing that we talked about Wednesday session for possible short, it gap down to the possible measure potential, just rallying and Boeing. Look at the 60-minute view on Boeing. Look how tight this damn thing is, right? And you're seeing a lot of channels that are super, super tight like this. You see Boeing super tight, you see Roku. Look how tight Roku is, right? Super tight on Roku. You got Tesla, right? Look at how tight these channels are getting. So if the bulls continue to hold the upper hand and don't show any weakness in the first day or so of the new week, if bears can't seize back control, you can have more upside ahead. The one group that I can't stomach anymore. And if you guys notice, like I stopped talking about this group is the Chinese stocks. Alibaba used to be just a really good stock, right? A great trader, and you could see by the last year, there's so much toxic, so much toxic paper behind these Chinese stocks. Nothing to say, Alibaba is a phenomenal company, at least on paper, right? At least how they portray it. But you could tell there's so much baggage in these names, that Alibaba's of the world, the Baidu's of the world, the FUTU, they had a really, really good run, the Billy's of the world. I'm just trying to stay away from them. I get these questions all the time, but what do you think about Alibaba? What do you think about Baidu? The one thing with these stocks, as soon as they look like they're about to break out, they go on a six-day sell-off, as soon as it looks like it's about to sell off more, they wake up and go on a four-day, I think there's so much better value in the market with companies that are more accessible to all the self-regulatory organizations that they can monitor on the domestic side of it, like an Amazon, like a Facebook, like an Apple of the world. Why have the headache? Why have the random gap-ups, gap-downs, the noise, random PRs come in overseas? Just leave these things alone. If you believe in an Alibaba and you think, look, the stock can be $300, $400 a share in the next five years, just invest in it and just put it away. But as far as trading vehicles, look, I kind of want to stay away. They're just much more seamless things that you can participate in the market without having major headaches. And that's about it, right? And if you look at the surface, the scoreboard, into the tape for this week, you're not going to get really anything out of it. If you're not an active participant in the market, the indexes show fractional gains, and that's phenomenal how many times they were tested. And it's like Rocky Balboa. How many times did he get knocked down by Ivan Drago, we kept on getting up, getting up, getting up and finally Rocky finally knocked them out. And that's exactly what happened this week for the bulls. And the bears just dropped the ball. They could have taken over. We had a linear market that was going up for two months straight. They could have easily taken off control and at least had a three, four days sell-off, at least this rise in support. They just couldn't even do that. So kudos to the bulls, bears better like next time. But what this is setting up for this week is some really, really good setups. So let's talk about some setups. Again, sometimes you don't have to really dissect of what happened the previous week is pretty obvious. I think price action really spoke the truth, really spoke reality. And it doesn't make a difference what you think of the market, long-term, short-term. Price action is always right. Our opinions mean nothing. You can collect data, have an opinion, have a bias. That bias goes in completely the opposite direction. I mean, again, it's very, very, it's very painful and very irresponsible to kind of fight the trend. So for now, the trend is really good. So let me give you guys some names that I do like for next week. There's a lot of them. There's a lot of really good names. Let me give you guys some names that I kind of like. Overstock looks pretty good. It had a really big move. Okay, there's a stock trade as fluid as everybody wants. Probably not. But I think if this thing gets had a monster, monster move close right at the upper, upper Bollinger band, which is a pregnant pause, all it needs to do is confirm this ban. And you potentially could have a move to the June 25th highs of one on one. If one on one takes out, you have a lot of room again, assuming the market continues to be strong. The value play in Overstock is obviously try to buy it on rising support. Shorts can get trapped on rising support. You can get a squeeze back to red to green Dick's Sporting Goods. I was in Dick's Sporting Goods yesterday. I had a lavish spending spree thing. I spent about $40 on a couple of pairs of shorts, right? Anyway, Dick's Sporting Goods has been kind of going sideways now for pretty long time, right? Pretty long time here since May that's 27th. Is this finally the week that it gets above the top of the channel here and starts making its aggressive move? I would love to see some action in the options market in this thing. I would love to see some conviction short term out of the money buying, but at least you have to pay attention to this thing. Again, the longer, remember, this is the keynote, the longer a stock stays in the channel, the longer the distribution takes place, the harder the aggressive nature takes place. And there was no bigger move of that sentiment as snow. If you guys, congratulations to all you guys who had snow in the webinar. Again, this thing just went absolutely nuts. You can see how long the distribution was from June the 8th, talking about a month distribution and snow just went absolutely ballistic again. Any dip in snow, and by the way, just a side note on snow, just from the options market. Yesterday, on Friday, they were coming for the 260s, 270s, then they started coming for the 300s. They started coming for the August 300. So this thing looks like it wants to test this 274 level, just like overstock. Any weakness in the morning, try to get some on a 60 minute dip or the confirmation from Friday's channel. That looks good as well. Look at a Vago, right? A semiconductor name, you know, it's not going to be the craziest stock in the world, but this is a nice channel. This is a good distribution channel. This is getting very, very tight. And once it starts taking out this channel here, you have room into the 500s. And keep an eye, I think it's more of a swing than a day trade. Vago is not exactly the stock you want to quote unquote day trade for cash flow. But if it starts attacking and closes above this channel here, you do have about 20, 25 points of upside as well. And let me give you one more name. Look at CoinStop, Coinbase, CoinStop, all these things, right? Coinbase is, again, Coinbase is one day away from getting really, really aggressive. So unless Bitcoin dies and I really don't follow Bitcoin that much, but unless Bitcoin dies and if this thing could start confirming this top upper channel here, I'm not saying it's going to go back to the IPO highs of 430, but boy, oh boy, look how much this is all airspace. There's absolutely no, there's no supply from here to all the way over here. So again, anything is possible. So guys, have a great weekend, some updates, some days, you don't have to really dissect every single hair with a fine-tuned comb. Sometimes, again, keep it simple, stupid, right? Price action speaks loudest and the bulls did a fantastic, fantastic job. Guys, have a great day. Have a blessed weekend. And with God's help, I'll see you all you guys on Monday. Take care.