 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, good morning everybody. Welcome to another edition of the AccessToTrade.com weekly wrap-up show of everybody is doing okay. I didn't see you guys last week. I was on the vacation in the Bahamas, I was in Atlantis for six days with my family. Really got a chance to kind of decompress. We always talk about how important it is for, especially in this business, how important it is to kind of let loose and kind of breathe a little bit. Take a step back and kind of re-energize. And I was in the Bahamas for six days, got to swim with dolphins, pretty cool. Got to swim with sea lions, pretty cool. And I got to spend $9.50 on a bottle of water. That's right. I was warned. And for all of the tentative purposes, let me just put it out there, a $9.50 bottle of water tastes kind of exactly the same as a $1.50 bottle of water. But again, I was warned it is what it is. You only live once. More important is I had a great time. I got to recharge and kind of get re-centered. So talk about the week, right? Talk about the week here. So I kind of glanced at the markets while I was there. I have zero interest of trading on vacation. The whole point of vacation is to kind of re-centered. But I kind of always look to see what the market is doing more or less, just kind of a broader steam. Not necessarily individual stocks, but kind of just to get an overall synopsis of what's going on. And you could clearly see just by the last five days of the market, I traded very light on Thursday, my first day back, and yesterday was my first full day that I traded for the week. But you could clearly see here how the market was really, really in contraction stage, which is a very, very ugly word. If you guys remember, we were in this word somewhere around right here. If you guys remember the early start, and I kept on early end of February, early March, and I kept on talking about how it was so important to kind of not burn your mental equity and contraction channels. And again, contraction channels are there to kind of deceive both the bull and the bear. As we've seen, especially in the last couple of days, we've seen no enthusiasm to the upside. So, you turn around and say, what do you talk about the Dow is up 269 points? Yes, the Dow is 30 stocks. Let's put that aside. Anybody who's been trading for a long time kind of understands that Disney, yeah, kind of did its thing, a Boeing, you take Boeing and Disney, that's a huge, huge chunk. You take the financials, huge chunk, energy, huge chunk. So there's only 30 stocks. So before anybody goes crazy, oh my God, the market's up 260 points. What are you talking about? Again, if you're trading more than 30 minutes, you kind of know what I'm talking about. When you look at the NASDAQ composite, kind of where it was right here, right? On this linear move, right here, putting in contraction channels, the bulls and the bears were deceived, okay? Every single interval was represented with strength and weakness. So one day financials strong, and then next five days, the financials weak. Then you see one day, the technology names, beta strong, the next five days, they're weak. And ultimately what it led to was kind of aligning the same. Are we going to continue to go up in the linear exchange, or are we going to go lower and have a very aggressive move? Because people are sometimes blinded by the rose-colored glasses because everything's supposed to go one way linear all the time. And as you see what happened here, it was a pretty big aggressive four or five-day decline. And we're kind of getting the same thing right over here, right? We're seeing here shrinking channels. Okay, now again, it could mean something, it could mean nothing. Okay, we'll get to that in a second. But you can see here for the last five days, and distribution usually lasts for about five days, where again the bull and the bear are sitting in a foam booth, battling it out, hitting each other with feathers, not doing any damage. Again, no fear to the downside, no validation, no aggression to the outside, right? So you have these shrinking channels, shrinking candles, and this is the NASDAQ 100. So when the NASDAQ 100, when the cues are trading, right? And they're trading in a 60 cent range, and a 70 cent range, and a 50 cent range, and a dollar range are very, very tight. You're usually going to have some sort of element of contraction, or where most of traders or investors call it the churn, right? It's a churn, it's very, very, it's always obvious when the market tops or bottoms, or at least the short term top or bottom, or let's, I don't want to freak anybody out, a rounding top or rounding bottom. Again, nobody is ever calling for a destruction of share prices. And nobody's ever calling for a euphoric parabolic move. All we're talking about is the right of passage on short term intervals that we can take advantage of. But again, you see kind of the churn here, right? You kind of see the churn, an upward melt, lower volume. And again, usually I wouldn't care about the lower volume because the stocks that I trade are usually the most aggressive stocks in the market. Whether they have big days or not, again, you can still see the most aggressive move potential, the measure potential, are always in the names of Amazon, Netflix, Tesla, Apple, Roku, Boeing, Alibaba, Nvidia. But when those channels shrink, okay, those three, four, five, like an Amazon's potential $30 potential average share range gets shrunken down to like $5 to $4. And Tesla could be shrunken in any interval within 60 cents. And the video and Alibaba, that becomes a very big problem. And you have to really put yourself in a situation. If you go back into one of my videos, probably going back to the end of February, March, you'll see exactly the same thing that we're going through right now. The only question is, are we going to continually melt up, right? Are we going to melt up? Or are we going to start breaking down below the five day? If you're watching this for the first time, the five day moving average, you can see here just from the naked eye. Again, you don't need to be a professional charters. As you can see here, this orange line represents the smallest aggression on a short-term interval. And every single time hits the five day line, it bounces, bounces, bounces, bounces, bounces, until it breaks the five day line, takes out a previous day's low, and then you have your next move to demand, which again, nobody's calling for any type of Armageddon or destruction of prices. We're just giving you a way to kind of think, take off the rose-colored glasses and just understand, and gravity is real, it might not affect this. Monday, Tuesday, Wednesday, Thursday, seven Fridays from now, but eventually gravity does pull you in. And if you're not prepared, if you are trading on one side with divisors on, you will get caught, and you won't get caught for a little bit. You're going to give back a month worth of trading in one or two days, because when these things pull, and they pull very, very aggressively, you could get really, really caught up in spin sites. So just be careful. Again, nobody's saying it's going to happen. All we're saying is to be careful. And if you look at the weekly, right? If you look at the weekly kind of channel, the NASDAQ 100, you can see the upward bias measure potential is 188.50s, right? That's the top of supply. And if you look at the Bollinger Band, where it got rejected in October on the weekly chart, you can see here how it got rejected off the upper Bollinger Band on the weekly chart when it started a spin cycle lower. So we do still have three points. So you still have a potential of a really, you know, a really methodical, slow volume, rotation-based kind of move to the outside for another three points or so. Will it happen? Will we go lower? It doesn't matter to me. Just pick a damn direction. And as I said this on Friday, you know, like if you notice the moves on Friday, right? The moves on Friday, we'll talk about the individual pivots in a few minutes. But if you look at the individual pivots on Friday, you know, 50, 70 cents on Alibaba, 50, 70 cents on Tesla, Apple balance 40, 50 cents. Nvidia balance 40, 50 cents. Amazon, again, day two, right? I'm only trading for a couple of days, but day two, for example, right? You can see how tight this is. I mean, look at these channels here. You have on Amazon 149, 140. You have here 151, 140. You got a $10 range. And if it makes that initial move and it just sits there for hours and you can see here how the 60-minute move is, you're out of pocket, right? You're out of pocket on Amazon until it decides to make a macro move. So we talked about this Friday how if you trade beta, right? You trade anything, right? Anything market correlated that you trade every single day, you are going to be subjective. You're gonna really, really be in a position that you have to switch around your psychology based on this interval. Again, expansion ranges are great. You can make $20 on Amazon, $12 on Netflix, blah, blah, you know, all that good stuff, right? But contraction starts. Now you're talking about scalping, scalping, scalping, bounce plays, rejection plays. And again, we've been doing these bounce plays now for quite a bit now in the live webinar. We'll talk about that in a second. You know, we'll talk about in a second, but it's so important to kind of adjust to your market. It really is important to adjust to your market interval. And again, sometimes 95% of the year, these beta names are gonna be very, very aggressive. Everything's all good. The 5% of the year, you have to make adjustments and kind of trade around them, tear down your size, take faster, more aggressive profits and obviously always use break even as your stop. So it's incredibly important kind of going into this week to realize two things. Number one, distribution has been taking place for the last five days. You can see it, one, two, three, four, five. Distribution usually lasts for about five days. I'm just happy enough, I was literally swimming with the damn sea lions for the first, you know, four days of this whole distribution and I got back on the last one. And there were things to do yesterday. There were definitely things to do yesterday. And I know it sounds crazy that that was up 269 points, but again, I don't trade freaking proctor and gamble. Okay, I don't trade Home Depot. So for my world, it's completely different than what the Dow does. So I think what's gonna happen this week, we're going to draw the line in the sand somewhere. Okay, and again, I speak solely on the NASDAQ 100. Again, you could go through every other index, IWM, the IBB, the financial, whatever you want. I concentrate on the NASDAQ 100 because again, you can see where the strength is and why it's grinding people up and people are getting frustrated. Again, if you look at the strongest group, for example, the NASDAQ 100, it's the semiconductors. You can see it, you know, really, really strong group. If you look at some of the stocks like Maxim and Clack and Amat, you know, they all did, you know, they've all done very, very well. Okay, Intel, Intel, big, big move. And the video is as of late, not on Friday, but as of late, again, it's been grinding. You've got your LRCX, but you can see how small these channels are starting to get really, really tight. So that's kind of what we're seeing. Friday's session, you had the Disney news, right? Disney news, undercutting, Netflix. I'm assuming at some point, some of the Disney players, and again, I'm not really big into news. I'm not smart enough to digest news, but I believe some of the Disney players, right? Like for example, like Adam Sandler has deals with Disney and he has obviously deals with Netflix. At some point, there is going to be a really aggressive push for when their contracts are up for one or the other. And Disney's model is completely different than Netflix. So for example, Mickey Mouse is on Disney. When porn ends, part three is on Netflix, they don't kind of mix. So they're going to have different distributions of content. So how is this going to affect Netflix? I don't know. You know, I have no idea. $7 for Disney versus, what, $13, $14, $15, whatever it is. For Netflix, I love Netflix. Am I going to subscribe to Disney? I don't care. But the point is, again, there is a catalyst and the market is obviously embracing it. On the other side, right, you got Netflix, okay? Every single time they turn around and they say, well, Netflix is a bloated pig and eventually it's going to be trading under $200. Yeah, okay, we heard about this in December and in December before that and December before that. We don't know. It's almost like the Tesla theory. Again, going into Tesla. Gigafactory, Schmidtifactory, the stock's going to zero, the stock's going to 5,000. Again, still the best stock ever. Don't overthink, okay? Don't overthink. Would all this, right? Would all this, and if you're bare-sided and you turn around and you say, I told you it's going to zero, it might, right? If you're a bull, it's going to 500, 5,000, it might. But in these channels, guys, and we demonstrate this every single day, I trade Tesla every single day, within these channels is so many good opportunities. And I say this again, if you're passing judgment, you're a perma-bull, a perma-bearer in the stock, you really are missing out on just absolute phenomenal trading action within these microchannels, within these macrochannels. It's just a phenomenal trading stock. Again, I think it's my favorite, it's probably my favorite stock ever that I've traded now in the last 20 years. So going into this week, going into this week, I am, it's hard to say you're not bullish, right? I mean, the market's going higher. But again, I am very wary of how tight we're getting, especially on this five-day interval. Look, I think if we start losing this five-day, maybe 184.50, right? Let's just talk about maybe a couple of days of losses, right? If we start losing this 184.50 and close below the 10-day moving average, below 184.25 or 184, then yeah, I think we will start kind of a back test for two, three days. But until that happens, again, just look at the weekly chart. Again, you wanna be prepared for both sides. Just look at the weekly chart on NASDAQ 100. It still can grind all the way to 188.54. So please, don't paint yourself in a corner. You're not a bull, you're not a bear, you're an opportunist and you should trade on both sides of the market. So Friday's session, again, was there massive moves, the normal, oh my God, there was so many things to do and everything triggered at the same time. No, it wasn't that way because again, we're in contraction but there was definitely enough things to get you from point A to point B and as we started demonstrated within the PS60 theory, this is just not any more stocks coming out of channels. And I'll demonstrate here in a second. You can have stocks coming out of channels and they confirm, they go higher or they go lower or you can see the power of the balance within channels which is an incredibly good subsidized way of income. Because again, when they hit the top of the channel, they'll fade, you can get 50 cents, $1.50. If they come to the bottom of the channel, I'll show you in a second with Nvidia, you could get a balance, 50 cents, 60 cents, 70 cents, 30 cents, again, it's not a lot, okay? It's not your primary way of making money but again, you're taking what you're knowing within this PS60 theory and you are positioning yourselves for subsidized income within these channels. So let's talk about Friday. Again, some natural breaks both up and down, couple of good bounce plays. And again, I've said this to new traders all the time, okay? I have no problem with anybody turning around and say, well, what's your favorite book? What's your favorite? I don't know, did people even still use DVDs or whatever, streaming, any option? What is your go-to suggestion for education? And I've never discouraged the fact that everybody should read, right? Read as much as you can. There's so many free financial sites out there that you can get opinions about the market, whether you believe them or not, or excuse me, whether you trust the opinions or anything that your financial opinions, it's your prerogative based on how you trade, based on your theory of the markets, you could take them or leave them but there's so many good free content out there, okay? But the best lesson, the best way to always look at the markets is in real time, okay? And what I do two or three times a week, I'll put a trade, like on Friday, for example, I put two trades on Twitter, right? On Twitter, just to show you guys two different ways to make money within this PS60 theory, one for a natural sneaky pivot to the upside and one for a bounce play, okay? And I did this in real time, I did this before the price action hit, just to show that, again, reading is great, watching streaming content is great, whatever you call it, DVDs, whatever the case may be, but again, there is no substitute for live education. Again, we live in real time, we love in real time, we cry, we laugh, we all do this in real time. Your market education has to be in real time, that's why the live webinar is so incredibly important for natural development, because you see it playing out in real time every single day. My market commentary is seven hours a day, I have personal relationships with pretty much everybody in the live webinar, we wanna make sure that we're building traders for longevity, not for today and not for the trade, but for longevity. So let's talk about Friday's session. Again, started out Alibaba, this is my first trade of the day. I put this, again, this is all in the pre-market feeds in the Twitter feeds. So by the way, if you can't get to the live webinar, I know a lot of you guys work and you can't get to the live webinar and there's absolutely no second fiddle to the live webinar, because that's where the trade of development is, but if you can't make it, the Twitter feed is only 40 bucks a month and you can trade it, you can use it how you want to whether you swing trade it, scalp, whatever the case may be, but it's so important to kind of get your ducks in a well and really absorb and an educational process, whether it's mine or somebody else's, but it's so important to your longevity to kind of stick with something. So Alibaba was my first trade of the day. Again, we talked about this half an hour before the open, Alibaba 188 is the January, March, March five highs needs to build, and Bob went, Bob went, they did what it had to do. Here was the March five highs. Again, there's nothing spectacular. This is a daily breakout. So 188.10 and it went as high as 89.79. So a good move there. Let's see what else we got here. Facebook, again, Facebook right before the open, Facebook 78.80 needs to build. Again, 78.80, here was the candle here. 78.79 was the high here. It started building 78.80 and it went to 79.63. Again, it was the biggest move. No, again, there's contraction in the beta moves. You're not gonna get a three, four, five dollar move in these things when the whole group is contracting. So it's very, very difficult for that to happen. It's like squeezing water out of a rock. Let's see what else we got here. Nothing chatter. Again, you can see here, I wrote here, just scouting today, Alibaba Apple, Apple, I took off a bounce play within like 12 cents of the lows. Nice little bounce. Tesla, just to give you an example, there's no fear, right? So I shorted Tesla, I shorted Tesla 268, 268.18, like 250, 268.17, something like that. The stock goes down like, and here's the 60 minute view. The stock goes down, and here's the 68 breakdown. The stock goes down like 50, 60 cents. That's it, 50, 60 cents. And there was like a dollar 50 measured potential. So I figured, all right, if I could squeeze out a dollar 50, dollar dollar 50, that's fine, it's good cash flow, I'm okay with that. The problem is with this mark, when you have the Dow of 250 points, and there is no fear, and there's no sellers or aggressive sellers coming in, you're just not gonna get the move. So stock went down like 50, 60 cents. Again, no range, no range at all. I wound up scratching on the trade. Okay, I'm okay with that. But again, at the end of the day, you can see again where the channels are. So going back into the trade, should have taken 56, I can't get it. I can't personally trade to Tesla 50, 60 cents. If that's your thing, God bless. But I'm looking for a bigger move. Unfortunately, in the central, we're just not getting it. And here's a perfect example. Again, and here's a perfect example, guys. Within, I put these two trades into the Twitter feed on Friday, just again, just to give you guys an example of two ways to trade within these channels. Two ways to trade within the PS60 theory. And again, these are not $2 stocks that I'm buying 1,000 people and 1,000 people are pushing up a $2 stock. This is Disney, man. This is Disney, this is Tesla, this is Netflix. You can't wing this stuff, okay? You can't wing it and put your feet in the fire. You gotta be really on the ball of what's happening here. And the whole point was, I wanted to show it in real time and it was the name of the game of how the PS60 theory works and how you can process and profit on both sides of either the pure balances, pure rejections or pure channels. So again, Disney, if it wants to dance and has to reclaim the 2870 to build, and again, why was Disney, if you look at Disney's Charlie, why was 12870? Again, everybody always looks at the top of the channel. Everybody looks always at the bottom of the channel. The meat is in between, okay? And if you can see here, when Disney held, okay, it put in a high here of 12865. Everybody see that, right guys? 12865. And once it started building 12865 or 12870 and to confirm this 130 area, the stock explodes, right? Stock explodes. And again, that's the whole point of sneaky pivots. That's the whole point of trading channels that nobody's looking at because again, the edge is when you have something that people don't and they don't understand why the price action is occurring. And again, here's, you can see me consistently talking about the same thing. I have to believe beta picks a direction next week. Doesn't matter to me which side, all these $15 moves are okay and they're subsidizing your income and they all up. But damn, can a brother get an expansion channel? That's right. And here I obviously joke around, people for option players buying premium, what happened to them the whole week. And here's another example. This trade I didn't take and I'm kind of kind of sick of my stomach that I didn't take Netflix if you did. I was already kind of done for the week. Netflix, this is a big, big flush here. I didn't take it. 353 sneaky area, if it builds below can flush. I just, I'm not sure why I didn't take the trade but I just didn't, I personally didn't do it. But again, the greatest part about trading pivots nobody needs to be in the trade with you. Here is the 353 right over here and you know, went down $3. So that sucks for me. But if you took it, good job there. And the last thing that I want to show you guys, again and here's the whole point of trading bounces off the bottom channels and trading rejections off the top of the channel. And I wrote this on the videos at the bottom of the rising support on the 60 minute channel, 169.80s, right? That's the bottom of the channel, right? You can see it. That's the bottom of the channel here. Let's see if some eager shorts get trapped and if it reclaims could snap back up and next candle later, this is what five minutes later up and here's the bounce and it went touched perfectly and actually traded up about 60 cents into the next supply and I wrote 190.60s is the first supply. Consider it taking some off here, break even all runners. Why was 160, why was 160.90 supply? And you needed to take some stock off there because if you look at the 60 minute view, right? That was the bounce and it traded right back to here. 160, 190.66 and then came right back down. So that's the theory, that's the theory. So going into this week folks, again, we have to assume ranges will expand, will they to be determined? But again, the greatest feeling we have is being in control of our trading understanding there's multiple ways within the PS60 theory that we can profit. The most important thing is we are in control with trading because there's value and not because the market's open. Guys, God bless everybody. Have an awesome, awesome weekend and a fantastic trading week. God bless, guys. 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.