 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 AccessToTrader.com weekend update show. Hope everybody's having a great, great weekend. Hope everybody had a really good, strong trading week. Very, very aggressive moves in the market. We'll talk about that in a second. And hey, hopefully you guys are just living your best lives and that's the name of the game, healthy, happy, and always with a smile on your face. So let's talk about the market. Actually, first of all, let's just talk about something that I think a lot of new traders have a really good question. You guys always hear me talking about collecting data, right? And a lot of traders, especially a lot of new traders always ask, well, what are you talking about collecting data? What is this data are we collecting? Is it economic data? What's going on with this data collecting? I truly believe one of the most important parts of trading is gathering information. Information comes several main sources. Technical analysis is obviously gathering data. Any type of political or news events that are being embraced or shunned by the markets is obviously collecting data. Watching options is wonderful. Again, I'm not an options trader. I'm probably one of the most, even though I'm doing this for 20 years, I'm probably, I would say, one of the biggest novice when it comes to options. I know long puts. I know long calls. I know all that good stuff. But I don't know how that stuff works. I don't know what any of that stuff means. Gamma, Shmama, blah, blah. I don't know any of that stuff. I'm an equities guy. But the most important part is you don't need to trade options to gather options, options data. And one of the things I've been doing now for four or five months now is collecting data order flow. So, for example, if I'm watching Tesla, we'll get to that in a second. If I'm watching Tesla and I'm looking for a loan in Tesla, and it's a confirmation channel that's going to confirm or a sneaky channel that's going to confirm it, and then all of a sudden I see a guy come in and bets $1.5 million on Tesla stock with $10 out of the money with three days of expiration. Again, I don't need to be the smartest guy in the world. I don't need to trade options. But I know this guy is putting out a very, very aggressive bet that he believes the stock will explode. So that kind of confirms with my pivots, it's going to give me, it's like holding an extra ace in your hand. You're going to bet aggressively with that order flow. So again, looking at obviously, looking at engaging option order flow is a way to collecting data. Another way of collecting data, and I think this is a very, very important way, is just kind of watching order flow. Especially for your new traders, and I say this all the time, screen time is one of the greatest, greatest vehicles for you to build confidence to be, if you do have an idea of what's going on in the markets, that it's free for you. You don't need to pay anybody to read order flow. You don't need to pay anybody to stare at level two. And the most amazing part is the traders will come back to me and say, well, what is level two? Why is level two important? How do I need level two? And it's like me saying, what do you mean? How do you trade without level two? How do you trade without the total view of the marketplace? How do you trade without seeing all the bids and all the offers that the market participants are giving you more information if there's reload buyers, reload sellers, aggressive buyers, aggressive sellers, all that good stuff? You know, level two is, until I got into social media, I didn't know that people weren't even using level two, had a subscription to level two. Of course you need level two. It's like playing basketball without the rim. It doesn't make sense. Of course you need level two. You can't skim on your business. So by watching the level two, when you're watching a buyer come in and accumulating stock for several days, that is accumulating information. So when you do your homework, you're not doing your homework and planning and trade three minutes after you wake up to look at the pre-market high list. Your homework and your ability to have an opinion is formulated sometimes over several days. So here's a perfect example, right? So Tesla had this big, big run, right? Huge, huge run this week. Really, really big run, right? In the previous week, you saw a really, really big decline and Tesla's been an absolute phenomenal trader, both ways. Long, short, just both ways, been a phenomenal trader. Again, we have no idea what's going to happen to the stock a year from now, two years from now. But we know because we, again, collect data that, again, there's a phenomenal trading opportunity both ways. And there are really aggressive market participants making bets on both sides of the market, giving it a very, very good high probability directional bet. Okay, so Monday, right? Monday when the stock was trading, I think it was trading like 82, 82, 83, maybe it was Tuesday, 82, 182, 183. You just saw a guy come in with $1.5 million bet on the weekly 185 calls, right? That's collecting data. You know there's a buyer there. So once it started confirming, right? Once it started confirming above this 187 level, you had the confidence, right? You had the ability to understand that the stock has been just down just tremendously over the last several months. And oh, by the way, now it's confirming what I call the birth of the trade, the 10-day moving average. So collecting data is very, very important, right? Incredibly important. And as you started seeing that, you started seeing people follow in the 190s, the 195s, the 200, 205s. It got so aggressive that by the middle of that day, you started seeing guys go out. At that point, there was two separate bets, $1.1 million on the 240s of all things. Then another guy came in, probably the same guy, $1.8 million bet on the July 240s. And for the next two days, you have this really, really big aggressive run to 211, which I believe short term could be a double top. But it's so crucial for new traders, you have to understand that the stock market is not cut and dry. Trading is not cut and dry. It's just not, well, if the stock is breaking out, let's buy the stock. Well, what happened to the stock in the previous days? Why did the stock do what it had to do? Was there any type of evidence that suggests that the stock will go higher besides technical analysis? And a perfect example of that was a trade that we had on Friday on Netflix. So here are the pivots, and you'll only see, there's only four pivots. I took half the day off. I logged off around lunchtime. I celebrated my, I was going to say, 39th birthday. I celebrated my 45th birthday, so I was out for the day. But here's a perfect example, again, collecting data. We were watching Netflix for three days. Okay, three days. And as the market was rallying, it was kind of going sideways. You guys remember, towards the middle of this really, really big rally that saw the indexes up over 4% pretty much on all of them. You started seeing kind of the middle of the week, like Wednesday and Thursday, Amazon did nothing, Netflix did nothing, Alibaba did nothing, NVIDIA did nothing. It was kind of going sideways. But I was watching Netflix, again, I only trade, I pretty much trade the same nine stocks all the time. And they're always in front of me. So I was watching Netflix as the last move of the market, right before we rallied again, started going aggressively down. And there was a guy sitting there at $350,250. He bought $25,000, right? An hour later, okay, an hour later, he came out and he bought another $20,000, $25,000 at like $354,000. And then again, the next day, he was bid at $355,000 and changed for another $20,000. That's called gathering information. That's called collecting data. So I knew once it broke, or at least attempted to break this $359 level, okay, you could see a huge buy in the last three days. Once it broke that $359 level, not only did it give me the confidence via technical analysis, I started checking the check marks, the other check marks to validate how aggressive this trade potentially could be. The reload buyer, right? Reload buyer for two, three consecutive days. And you saw all the beta names wake up at one time. And the ramifications of that was a pretty aggressive trade, right? Really, really aggressive trade. And here's it. I knew technically, right? $359 was a spot and the stock exploded, absolutely exploded. So the moral of the story is guys, I guess, technical analysis, check, check, right? Very, very important. In my opinion is the most important part of collecting data news events. Again, it's how the market reacts. Remember this new traders. It's not the news that's important in the market is how the market reacts. So for example, the China news have been going on for two years, right? Almost two years now. And every single time there's, you know, optimistic headline will get a deal done. Market rallies, you got a pessimistic headline. Well, you know, we're not even close to market tanks. And what you saw, for example, last Friday is what we talked about in last weekend's video of are the sellers going to get tired? This market will only start going higher if the sellers go get tired. So again, if you watch last week's video, that's exactly what we're talking about. The sellers potentially getting tired. And not only did the sellers potentially get tired, we got a headline out of left field. Well, now there's a trade talks with Mexico. I don't know, Mexico, we had a problem next Mexico. And what the market did was, was completely negate, absorb, right? And push this tariff Mexican headline completely to the side, right? The same tariff news as China has been kind of sitting over us for two years. But instead this time, again, gathering information, okay, collecting data, we knew the market was sold off for seven straight weeks. We knew the sellers were potentially getting tired. And now the same tariff news that was involved with China is in Mexico. But again, the market got tired. We became numb. We became comfortable. And that's when sellers really, really started to get run over. So again, technical analysis is great guys, but for new traders, again, try to collect the data as much as you can. And the easiest way to do so, and I say this all the time, the easiest way to collect data specifically on individual names is trading individual names. Again, if you want to trade drillers, oil names, get comfortable with a group. You want to trade internet stocks, get comfortable with a group. If you want to trade pot stocks, get comfortable in a group. When you're trading random stocks, it's much harder to collecting data because you're trading the hot stock of the day. You're not trading the stock that you're watching you're familiar with and trading all the time and have some sort of, some sort of reputation with your trading a random stock. So when I'm watching Tesla, I watch Tesla every day, long, short, sideways, doesn't make a difference. When I watch Netflix and I see order flow coming in, again, I'm comfortable with the stock because I traded every single day. So my tip to you guys, not only, first of all, get level two for all you guys who are still sitting and saying, well, do I need level two? Yeah, you need level two. Again, it's like playing basketball without a rim. You need level two. You need to see all the aggregated orders. You need to see who's buying, who's selling. Again, that's not going to tell you the directional bias, but at least it'll give you another opinion, another piece of the puzzle to collect to try to confirm your thesis and put on the trade correctly. So let's talk about this week. Again, monster, monster views and moves and all that good stuff in the indexes. All the index is pretty much over 4% to the upside. Not only did the Nasdaq 100 reclaim the 50 and reclaimed 100 and the 200 day moving average. In two sessions, it reclaimed the five, which is again very, very important to me. It gives me short term sentiment. It confirmed the 10, confirmed the 100 AMA and now we are on our way to this 183 potential measure potential on the QQQs. And again, the news that came out after all over the weekend was that apparently we've, there's some sort of resolution, right? Some sort of resolution with Mexico. Was Mexico really a problem, right? I mean, Mexico was like a, was it really an issue? I mean, the headline came out Friday that they absorbed and negated the headline from Monday to Friday. So is this really going to be the market a gaping up with the 300 points? Maybe it will, right? Maybe it will. And if you are along with the weekend, God bless. I'm flat over the weekend. Unfortunately, I don't have a position. But at the same time, you know, again, it was Mexico really worth it and, you know, worth it to put even a headline that something got resolved that it was an issue for like 15 minutes. So look, can it be one of those, you know, gap and crap scenario after tests and gaps up to the 50 day moving average? It has to be on the table because again, technical analysis trumps everything on no pun intended or maybe pun is intended. But again, if we do gap up into this 183, 40s level, you know, it could be a very, very, you know, significant sign or reversal could be coming at least for the day. Again, nobody's saying we're going back to the lows and still until we start losing back this 174 level of 200 day moving average. I don't want to hear about we're going back to the lows. Maybe we will, maybe we won't. But again, it's baby steps. When a baby is born, you know, you don't, you know, the baby doesn't, you know, start running. The baby first of all needs to learn how to hold up its neck and then learn to sit up and learn how to crawl. And then the baby starts walking. So before anybody has a macro opinion, well, we're going to all time highs. Maybe we will, maybe we won't. Oh no, this is a dead cat bounce. Maybe it is, maybe it isn't. But again, don't have an opinion based on what you want to see. Okay. And you read in the newspapers, have an opinion based on technical analysis. So far, so good, really aggressive rally. Let's see what happens. I think that's the best way of saying it. Let's see what happens. If the futures are significant enough to push the QQQs into the 183, 40s level, and let's see what happens. If the bears defend that level, then yes, it will be a, you know, will be a shorter term top, maybe a day or so, whatever the case may be. But again, I'm not a bull. I'm not a bear. I'm a realist. I'm an opportunist. I trade reality. So really strongly, right? Really, really strong week buyers everywhere. Okay. And last week, again, just kind of touch on it. Last week in the video, we talked about the only way. Okay. And I said this, and I said this pretty clearly, the only way the market was going to stop going down and it sounded funny at the time. That's the truth. If the sellers got tired, okay? If the sellers got comfortable, the sellers got tired and they just had no energy left. Again, it's like, you know, you're training for a marathon, okay? You're training for a marathon and you run, you know, 26 miles, right? You just ran that 26 miles. The marathon is over. And then you realize you have another mini marathon three days from now. You're going to be tired even though, again, you're in that directional bias. You're prepared. Everything is going for you, but you're tired. All right, sellers get exactly the same way. We went down for seven weeks, okay? Almost seven weeks in all the indexes. It was very highly probable that a dead cab balance doesn't happen. Again, nobody thought four, four and a half percent, okay? But again, it was highly probable. So if you were shorting the market, okay? Maybe not talking about individual stocks, but if you were shorting the market after the Mexican news kind of got brushed off to the side on Monday, okay? And you had conviction, well, what were you doing the previous seven weeks? Right? It's a fair question. Like what were you doing the previous seven weeks? Again, nobody's saying you're not going to be right or wrong long term, but the common sense is, well, the market's down seven weeks in a row, okay? This is the first sign of life. This news has been kind of over our heads for like 30 seconds and being sarcastic on the Mexican news, right? That's being negated. Why am I short? Right? Why am I short? Sometimes, again, technical analysis is skewed by common sense and you have to kind of take a step back and say, well, wait a minute, market's down seven weeks in a row, Amazon's down like 150 points in like a week, okay? Two weeks. Well, why am I being short to stock? And if you sometimes take a step back and really ask these things out loud and you actually hear them, you kind of start to chuck when you realize that sometimes you're just wrong, right? You're just wrong in your thinking. And before it becomes a monetary problem, you got to take a step back and really look at the market from common sense. So big, big rally, big, big rally. I hope everybody did well. Very, very aggressive moves. Tesla was a monster. Amazon was just ridiculous, okay? Amazon was ridiculous. Netflix, I finally caught that stupid thing. I caught it on Monday. I caught it on Monday, and it took like three days of doing absolutely nothing. I finally caught it on Friday. So that was good. Amazon was, the semis finally woke up. Talk about, again, mirroring the market, right? So the semiconductors have been just murdered. I mean, absolutely murdered. And you can see it pretty much a mirror image of the NASDAQ 100, the Dow Jones and the Schwarz. Again, they had the most exposure, right? They, you know, arguably they have the most exposure to China because they all make chips there, right? So eventually, again, nothing materialistically changed from Monday, right? For, excuse me, from Tuesday, then it was for the last couple of months. But again, sellers got tired. And again, once they reclaimed the 10-day moving average, that was kind of a green light for the rest of the market and very, very strong sessions. So going into this week, again, you have to a little bit, a little bit. I'm still, I don't want to use the word bulge. For me, I think the word bull and bear is kind of like 10 years ago, okay? Any time that, and first of all, the market has been going out for several weeks, okay? There's been plenty of opportunity for people to chase stock. And when you see people chasing stocks, how can you turn around and say, well, there's still a bear market. There could be a bear interval. There could be a sell-by. But I think the word bear market and bull market, old school, right? It's like bell bottoms, right? Old school. A lot of you guys are going to turn around and say, what the hell is a bell bottom? Anyway, right? Old school. So I think most important going into this week, you have to be bullish bias, right? Buy bias. But again, there will be opportunities on the sell side and we'll talk about that in a second that I think we can take advantage of. So going into this week, this is the most important part to see on the Nasdaq 100. The reason why I emphasize the Nasdaq 100, it's the stocks that I trade. I trade pretty much all the names in the Nasdaq 100. I don't care about the downs, 30 stocks. I don't care about the IWM that's represented the majority by retail. I care about the Nasdaq 100 because, again, Amazon, Google, Facebook, Alibaba, Tesla, Netflix, all that good stuff I trade. So this represents my comfort zone. It doesn't mean yours. My comfort zone. So this is what I talk about. So the day of reckoning, at least for the short term, will be this 18340s level for the Nasdaq 100 bulls. You can reclaim that level. That's great. If the bears kind of reject them and give them the Barry Sanders stiff arm, right, then we will start rolling back around. But again, before anybody talks about destruction of price per share, all we are talking about is for potential back to this 180, maybe to this 177 level before the bulls need to take another stand. So again, this is the level we are watching. In case we don't gap up for whatever reason, yeah, there's a measure potential to 183, so trade your stocks accordingly. Very, very good solid week. Friday, again, as you've been following me now for a long, long time, Fridays have been just absolutely ridiculous. I can't figure out why. Again, I kind of in my mind have an opinion why maybe because, again, there is no fear in the market and people are making speculative bets because of the options market. Sometimes they will dictate higher price stocks or lower price stocks. But Fridays have been really, really good and all these wives tell about summer trading slow and all that stuff is slow. Again, it all depends what you trade. I trade beta. These things have the biggest ranges. It doesn't make a difference to me if it's summer, spring, fall, Easter, Flag Day, Groundhogs Day, they're all going to give you value because of their average shoe range. And again, these are the four names that triggered right at the open, right at the open, and they were huge. So Netflix, Netflix, I only took two trades on Friday. Netflix, I took it to the upside and then I tried to bounce Tesla that only put up like a 30, 40-some bounce. I got broke even on that. And then I just left for the day. I celebrated my sweet 16 allegedly. So yeah, 45 years old, man. Anyway, yeah, so Netflix is huge, huge buyer for the last three days. Again, going back to the collection of data, 359 needs to reclaim. Again, here was Netflix. Here was the 359, right? Here was the 359 right here, all this whole channel here going back to the fifth. So you have three days of collecting data, and once it broke 359, absolutely exploded. I told everybody in the live webinar it should get to 65. Why 65? Because 65 was the upper Bollinger Band. Look where it got rejected perfectly. So this is obviously going to be the line in the sand going forward. And then Square went nuts. Square went absolutely nuts. Congratulations for you guys who got Square. Needs to reclaim. Needs to reclaim 66, the pre-market high, 66 and a quarter. So it has to confirm. If you look at Square, I love that daily coming in. The daily chart again was this 65, 64, 65, 87. And once it confirmed the pre-market highs right here, 26, 25, 30 just absolutely exploded. Went to 69. It's a huge, huge move there. ZM, talk about a big move, man. ZM was up a lot on earnings. And 92.50 was right around the pre-market high. There was a sitting there consolidating. So we knew once it started to build over the 92 and a quarter, it had a shot for a really, really big move. Again, nobody thought it was going to go up another $78. But hell, here's the 92. Excuse me. Here was the 92.50, right? Here's the 92.50 and just absolutely exploded. Really, really exploded. Went to almost 99. And Boeing. Again, not the biggest move. Again, congratulations you guys who did catch Boeing. Here was the Boeing right here. We talked about 50, what was it? 50, what was the spot we talked about? Hold on, hold on. 53, 75, 54, 53, 75, 54. Yeah, so 53, 75, where was it? 53, 75, 54. And it went to like 55 and a quarter, which I kind of like for Monday. It's not on our, it's not on our watch list for Monday. I kind of like it. We'll talk about it. I kind of like it if it confirms this upper linear regression line. So good moves there. I mean, really, really good moves there. Again, when you guys don't see, if all you guys who are on the Twitter feed or the StockTwits feed, what you guys don't see are these bounce plays that we play every single day. And I tweeted something out. I tweeted something out and, you know, you could clearly see why it's such a big move here. So I tweeted out, let me just show you the stock to its feed. So I tweeted out on BYND, right? BYND had a really, really big move on earnings. Again, it really does show the, you know, the potential of how Wall Street loves paying for potential. Okay. Growth stories, they love all that good stuff. And I wrote here and you can see what happened to the stock after. And this is why it's so important guys. Again, we play a lot of these bounce plays and rejection plays in the live webinar that I don't put on the Twitter feed. But it's so important to understand where emotional sellers meet technical buyers and where technical sellers meet emotional buyers. And here's a perfect example. I tweeted this out and I go, hey, for all you guys who are on BYND, and I didn't trade this at all on Friday. I said, hey, 127, these rise in support. Okay. It was rise in support in the 60 minute. Let's see if the shorts get trapped and the stock sees new highs and it trapped them perfectly on the bottom of the channel. And, you know, obviously you see that since the post stock ran up, but it was actually about more, probably $15, $16. But the point is, it's so important guys to understand, even if you don't trade pivots, there's nothing to do with pivots, there's nothing to do about trading with me. But the point is, if you don't know where supply and demand zones are, you're trading blind. If you think level two is a problem, you have an issue with level two, try to buy a stock into supply and see what happens. Try to sell a stock or get short into a stock into a rising demand zone. Right. And you will see exactly where the biggest problem is. So again, nothing to do about pivots. It's just basic technical analysis. So let's get, let me give you guys some ideas for a Monday session. I love Tesla short or long, but short. So let me tell you why. So 2-11, right, 2-11, it got rejected, 2-11, 2-11 here. Right guys, everybody see that? 2-11, 2-11. So if the stock really wakes up on Monday, right, and it breaks 2-11, obviously I'm going to be long, right? That is the line of the sand. There's no room, again, there's no room for interpretation. 2-11 is the high here, 2-11 is the high here. So if it breaks the 2-11, I think the stock has a chance to go higher. Again, remember those bets were pretty aggressive. Some bets came in 2-17-50. Some bets came in the 2-40 July calls. But, but what I've seen now over the last 24 hours is getting rejected off this daily supply. So if it starts building and confirms this bottom channel here, I think there's a shot. If it starts confirming that bottom channel, I think there's a shot. It gets back to the five-day moving average, which is roughly around between 1.95 and 1.92. I am sell biased, but again, I won't have any reservation or have any problem switching my ground and start taking it back above the 2-11, but we are watching it to the downside on a sneaky channel to the short side in case it gets confirmed. So let's keep an eye on that. I like Facebook. Okay, I like Facebook. Facebook reclaimed. Again, a lot of issues, the antitrust issues, all that good stuff. If Facebook can start building, you can see by the 60-minute view, if Facebook can start building above the 174 area, I think it has a shot. I think it has a shot, again, contingent if the market continues to rally. So I like that. Let me see what else I want to talk to you guys about. Let me give you guys some other ideas here. I like this OUT. I forgot, I think it was a see from the live webinar who mentioned that. I like it. I've never even heard about the stock, but it looks pretty good, right? OUT looks pretty good. It starts building over 26, pretty bare bones pattern. You don't need to be a really professional trader to figure out this is a pretty good-looking pattern. So that looks good as well. I like BYND on dips, any dip, obviously, any dip at all, any dip into rising support. If the market opened up now, obviously 128 would be a rising support. Obviously, this is going to move around tomorrow. So all you guys who are in the live webinar, please get there at bright and early at 9 o'clock. I like BYND into dips. I like ZM into dips as well. I like that as well. I kind of like Pinterest, right? They didn't have a great earnings report. So the stock paid for it. And you can see it stopped right on supply, right? It stopped right on supply here on this linear regression line. If it starts reclaiming, right, that one, you know, let's say 128, the 28 level, right? It starts reclaiming that 28 level. Maybe it wakes up and has another run to 30. So pretty good ideas then. I think that's about it, what I want to share with you guys. Everything else is beta-related that I kind of want to see how it opens up. So for all you guys who are joining us in the live webinar tomorrow, please get there around 9 o'clock. You can't roll in three minutes to the open and say, well, what are we looking at? I mean, I speak 25 minutes prior to the open to kind of get everybody set up. So please get there bright and early. And for all you guys who are joining us on the live Twitter feed, we start putting in these pivots around 9 o'clock and 9 o'clock to get you set up for the day. So guys, have an awesome, awesome Sunday and go enjoy life. And God's help, we'll see you all in the field tomorrow. Check it out, 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.