 If Amazon, you know, if Amazon could just reclaim this 50-day moving average, this thing has a shot to get the 30-day. 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 evening everybody. Welcome to a Wednesday edition of the Access a Trader dot com nightly wrap-up show, hope everybody is doing okay. So what a day, what a difference one day makes. Yesterday, I literally felt like I just wanted to slam my head against the wall, incredibly frustrating, ridiculous chop factor. Again, not enough fear for the market to go down, not enough aggression for the market to go up. Then you had that cherry on top that we talked about, Trump talking about, well, you know, maybe let's not maybe do a stimulus deal until after the election. The market sold off. And then he kind of had a change of heart again. You know, is it an ethical thing? Is it a not ethical thing? You know, again, he kind of knows what he's doing with this whole Twitter thing. And the most amazing part was whatever happened yesterday into the close was just an erased memory came into today. And if you look at the scoreboard, pretty impressive. So the Dow up 500 and change. And this time around at two o'clock, we didn't get any headlines that was going to spoof the market again, we had the Fed minutes. They really didn't say anything that was earth shattering one way or another. And I think the bulls finally, you know, got very, very comfortable. And kind of where we're right where we wanted to be the same conversation that we had already went once, twice, three times. This is conversation number four. We're kind of back to this top of the range here. And I think it's very, very important to understand what has happened the last several times. You know, we've gone to this top of the range, this roughly 3430 area on the S&P, again, it keeps on getting rejected off the number. If you can see here, one top, two top, three tops, right? So eventually you have to believe that if we have enough juice and staying power and start consolidating more, eventually we are going to get through. And if you look at the QQQs, we're kind of looking exactly the same thing, right? Here are the Qs and, you know, we're kind of looking at the same thing. This whole top of the channel here, as much as it's not as dramatic as the SPX, you can see here several times it's gotten rejected at this 282 level several times. So we really need to reclaim, you know, let's just call it 282, 283 on the close. Again, we're getting here. And what's really cool about what we're seeing, especially into tomorrow's session, is the stocks that are already broken out, right? The names like CRM that we talked about that 249 level for a long, long time. It's in the middle of a nice breakout. Stock like FSLY that broke out about about 100 had a really, really monster day today, right? Really big day. Roku that broke out recently over the $201 area. These stocks are doing very, very well. But the key right now is for the main street names, the Teslas of the world, the Amazons of the world, the Apples of the worlds, to really start waking up. Now, if they can start waking up, that's when we can start really testing those upper channels. And if they start confirming those upper levels in the Qs and in the SPX again, without any media bombs, Twitter fingers or anything else in between, I think we could be setting up for higher prices. Again, easier said than done, it has to actually do it. And again, every single day we come in, we have a plan, right? But until that plan actually plays out, it's just a plan. And today, I didn't know what to expect. I thought we might have another very choppy session today. I did like the one thing I did really, really like as much as we were churning around the market kept on holding rising support. I think that's the most important part. When Trump came out with the COVID news, the Qs went to the rising 10-day support and held. When you saw news yesterday hit, right? With Trump tweets, it traded back down to a 10-day moving average and rallied and really bounced off that. So at least we knew technically that we were fine. Again, that can change the snap of the fingers, but at least we knew we were fine. And what I think is going to happen for tomorrow's session, we really need to see the really big gorillas of the tech world to wake up, right? And if you look at where the Qs are, stone throws away from kind of testing this channel and you're going to notice a lot of the same, you know, same things with names like Amazon, right? Amazon is literally one day away from reclaiming this whole channel. OK, if you look at Tesla, OK, this could be huge. Like look at Tesla, right? Here's the mini downtrend, right? And it keeps on getting rejected off the five-day moving average. If Tesla starts reclaiming the five-day moving average, again, you could see where the next potential is. So there's a lot of names that look very, very close. The one name that has really thrown me off is ZM. And the reason why I say that, if you guys notice, there's been a lot of really aggressive COVID news has been has been out for the last couple of days. I believe France had a really aggressive volume spike in COVID cases. And just when you think Zoom is about to come out of this channel, if you notice the if you notice the channel on Zoom looks very similar to Netflix, excuse me, to Tesla. You see that? If you look at the same formation, you see how Tesla keeps on getting rejected off the five-day and so does Zoom. The only difference is Tesla is Tesla and Zoom is Zoom. Something has to give on Zoom. OK, I think there's a two-way set up setting up here, either for tomorrow or the next day. But I do know this, these channels, and this is a fake wick, but these channels are getting very, very tight. I have to believe Zoom and I know this is a little stupid to say, but Zoom is really going to have a very, very aggressive up move or it's going to have a very aggressive down move. And I think patience is the key here. And the most important part is if it could confirm the five eight to downside, you have room to four fifty four. If it confirms back to the upside, you have room all the way back to the fifty two highs of five thirty one. So that one we have to be a little bit more patient on. The key is names like Apple, you know, again, we're not close to breaking out. But again, it's very, very close, at least to breaking these three days, three days of selling. And that will be very, very important. Names like Square, who already broke out, is kind of consolidating. So we're kind of set up again. We're not out of the woods, but we are kind of set up for tomorrow's session in the big cap. Names you'll see today. This is my focal point of the day today. They got upgraded to a street high price target. This is my focal point of the day. Really, really great trade, really great trade on Netflix. Broke out today. And you can see if Netflix goes, then they should follow. Right. You got Amazon on deck. You got Tesla on deck. Apple still needs maybe another day or so. But it's very, very close on the video. Now it's consolidating for a couple of days, although it's already broken out. It's at least starting to consolidate. OK, really consolidating for maybe the next leg up. So again, I'm very optimistic for tomorrow that we can get some pretty good value to the upside. But like I say, every single day until it actually plays out. You have to stay very, very patient and wait for the green light for technical confirmation. So let's talk about today's session. Cool feature. OK, a really, really cool feature that I didn't realize existed on Twitter. They have kind of like this recording tool, which is pretty cool. And I started playing around with it today on the private Twitter feed for all you guys who are not on the live webinar. You guys don't have the ability to, you know, kind of I speak seven hours a day live in the live webinar. And for all you guys who are just getting the Twitter feed, you guys don't have my thoughts. So I started making, I started making a couple. I made three today. I made three videos today that I recorded the video. My initial thoughts in the morning, the 10 o'clock that I had another one here. I recorded another mid-morning update, and then I recorded one more here in the afternoon session just to give you guys an understanding of what my thought process is, because again, you guys are not on a live webinar. What my thought process is going into the day, what we're seeing, what we're seeing with value kind of mid-morning and where we are kind of set up for the next day. So a really cool feature. So I will start implementing that every single day. You know, I know you guys a lot, I know you guys like it because I've got a lot of really good feedback about it. So pretty cool stuff. So let's talk about the pivots for today. Tullo again, continues to be a big, big mover. 299 needs to build. Here was Tullo, right? Here was the 299. It confirmed literally the whole linear regression line, went to like 307, really big move on Tullo. ZM again, something got to give here. Alibaba just one of the mysteries of the world. It went up, went up like 50 cents, nothing. You know, as experienced traders only, because again, Alibaba trades kind of funky, only went up 50 cents and then kind of did nothing for the rest of the day. This was definitely my big trade of the day. Netflix 522, 523 needs to build. Netflix not only did it take out the previous channel, it also took out 530, which was the high from October the 1st and closed at nearly the high of the day. There's a shot this week. It still gets to the 557 level if the market can continue building on what we saw today. So really great move on Netflix. JD, we saw a lot of really big aggressive November 80 call buyers. It was about $2 million worth of premium laid out. Didn't go today. OK, I think it only went up like 40, 50 cents. Didn't go today. But it's something, guys, you definitely want to keep an eye out for the next couple of weeks. Square basically 181 needs to build. Again, this was only a cash flow setup just because again, we were uncertain of what was going on. So here is the 181 here and it traded right perfectly into supply. That's what I mean, just a cash flow trade into the next supply. So about $2 move there as well. Tesla, nothing there yet. Nothing there yet. Hopefully that will change by tomorrow. The video 560 rejected several times needs to build, right? Semiconductors were very, very strong. So here is the 560, right here, 560, 560. It broke this 560 area, traded only up to 565. Again, you could start seeing mid-morning and a lot of names really starting to firm up and get aggressive. Penn never got to the 67 level. And I kept on saying for the morning before everything got really aggressive. I kept on saying, listen, you might want to tear down your size based on yesterday's action. But once things started going aggressive, you could you could really quickly see a change in sentiment very, very quickly from yesterday's chop sessions. So big move on the video, too low take on the way up. Again, beautiful move, just a really beautiful move on Netflix. I still like it for tomorrow. Amazon, it looks great. Amazon, 3172, 3173 needs to build. And here was Amazon exploded, closed pretty much at the high of the day, closed around 3200. If Amazon, you know, if Amazon could just reclaim this 50 day moving average, this thing has a shot to get to get the 3260s tomorrow. So fingers crossed that everything kind of holds up here. Draft King's never got to never got to the 52 week low, 52 week area. JD, again, only a 40, 50 cent move there. Nothing really big there. CRM, nice move. Again, the stock broke out of 249. Confirmed today again, 258 level needs to build. Again, I still think this is a higher move coming into this thing. So here is the whole 258 level and it closed right under 261. So nice little move there on CRM. So Tesla, blah, blah, blah, blah, blah, blah, been morning update. DDOG got didn't quite get to the level, got to like 109 and change. So I still like that 110 level. Netflix, again, it's huge, right? 530 is the next big area. And it took that out one to 537 pushing highs. And that is about it, right? That is about it. So look, we're set up for tomorrow. I don't know, macro wise, are we going to start reclaiming major levels? But what I do like, number two, two things, the bulls are incredibly resilient on any map on any headline news. We keep on testing that rising 10 day moving average and keeping on bouncing. And right now, again, we are in the sweet spot. Again, levels that you definitely want to watch for tomorrow. And again, any close on the SPX over 30 was it? 34, 34, excuse me, 30, yeah, 34, 30 is super bullish. And any close tomorrow on the cues above this 283 starts the next leg up. So guys, have a great night, everybody. Like I said yesterday, short memory back on the horse today. And God's willing, I'll see you all tomorrow. Take care.