 This thing is super close, folks, and this is the same group. This is super, super close of really catching a bid. You're starting to see expanded volume on the big days. You're starting to see very, very small volume on the res days. All this thing needs to be used. 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 another edition of the Access a Trader.com Nightly Wrap Up Show. Hope everybody is doing well. So let's talk about the tape today. So we got another day of digestion, profit taking. I think that's the best way we can call it. Because, again, when you have, respectively, last week, a 9% run up in the NASDAQ composite, nearly an 8% run up in the Dow Jones Industrial Leverage. And around there is also an S&P, just common sense. And that's kind of what we talked about always, using common sense instead of everything else. But the most important part was a back test was needed. It was expected. And the most important part is, again, trading with your eyes wide open instead of your eyes wide shut. And the most important part of what we're seeing right now is really good dynamic digestion, which is great. There's some good news and some bad news behind it. So number one, if you've been watching the news, now we're starting to get pretty aggressive headlines. COVID has been coming around from the second wave for pretty much now for the last couple of months. But now we're starting to see in really big metropolitan urban areas that there's a big population. You saw the headline today that Governor Cuomo is thinking about shutting down the schools. We heard the rumor yesterday about Governor Phil Murphy in New Jersey, possibly making an announcement from November 23rd to January 23rd. That was the chatter. You heard the mayor of Chicago talking about a possible 30 day stay at home kind of movement from November the 16th. And they're also trying to get people to kind of skip Thanksgiving in any big gathering. So this is real. I mean, this is real stuff. Again, people are dying. And again, I get the whole thing that somebody's gonna turn around and say, well, this is the flu. It's only the flu when it doesn't affect you. When you have a member of your family that dies from this thing or gets really, really sick, all of a sudden it's not the flu. It's not somebody else's problem. So before anybody turns around and say, this is a glamorous flu. Again, remember, you're not speaking from somebody else's point of view that somebody died. Now again, you're gonna turn around and say, well, people die in car accidents every day. They die from the flu every day. Absolutely, you're absolutely right. But again, this is the time of year that number one, you have to be a little bit more sensitive to what people are going through. And if you did lose a loved one or know somebody who did lose a loved one to this pandemic virus, again, just try to be a little more sympathetic. I respect everybody's point of views. But again, unless you are living and losing somebody you love or knowing somebody that passed away from this thing, again, it's so much easier to say what this is in reality with somebody else's going through. So just kind of on a human level, just try to again respect everybody's viewpoint. I don't think there's a right. I don't think there's a wrong. These are just the facts, right? These are just exactly the facts that we're looking at. So as you can imagine, the stay at home stocks bounced again from the second day in a row. These EV stocks, man, talk about craziness. So NIO will never go down again. And obviously again, I have to put in the sarcastic button from what I'm saying because if somebody's gonna turn around and say, well, that's the top then, of course it's gonna go down. It's a sarcasm, right? I expect a certain minimal of intelligence when I say that, right? It's sarcasm, okay? We're obviously joking just the same way I'm joking around when I say that NIO solve COVID, right? We're joking, right? A little bit of intelligence to kind of understand when somebody's joking. But you know, all jokes aside, these things are monsters. And not only did this thing break out and continues to break out in continuation volume, you know, we're now looking at call buyers coming in this afternoon with the 50 calls. And going for next week, the 50 calls, the 53 calls, we saw the 57 calls, we saw the 55 calls, we saw the 60 calls. So this is a freaking runaway train considering they don't even sell these damn cars in the States. It's pretty impressive. LI is another one, right? This LI is going absolutely nuts, was up $7 in the regular session. And look at this damn thing with the $36 after the close. And look at this solo, this little one that they literally taken them up one by one. And it's really, really impressive. So this solo broke out, closed at 483. They had a little bit of profit taken. Once it went back through 483 after hours, look what the stock is doing, went to the 520. So the speculation money continues to be there, right? The stay at home stocks, they woke up yesterday, you know, Zoom, obviously the key to the group here, Docu, again, obviously any long, long staying kind of quarantine or second wave of quarantine that any business is gonna have. Again, these are the stocks that are going to benefit. So you could still see how much, you know, how much speculation money is there. And despite, for example, the Dow was down 300 points today. Again, when you look at the overall macro point of view, okay, and I'm looking at it from the diamonds point of view, all what we did today was literally back test to the rising five day moving average. It looked like everything was about to fall off the cliff. The diamonds reclaimed the five day moving average. And now going into tomorrow's session, you have to give the bulls the benefit of the Dow. Same thing, if you look at the SPX, you look exactly the same thing. The SPX had a big blow off top, went to the rising five day moving average. Again, that five day moving average is super important. They tried to, the bears tried to reclaim it today. They couldn't do it. We reclaimed the 35, 35, 35 level. And again, you have to give the bulls the benefit of the Dow. This is where it gets a little, this is where it gets a little bit hairy for me, right? So we talked about the NASDAQ 100 yesterday and we basically said, look, the five day moving average closing above or closing below is probably going to dictate next where at least the technology group is gonna go, okay? So we gapped up today and the cues were looking good. We reclaimed the five day moving average. We were at 292, and this is $2 above the five day moving average. As soon as that news came out with Cuomo in New York and Chicago, things started selling off and we lost the five day moving average on the close. Here is kind of where I wanna give the bulls the benefit of the Dow. Usually I would turn around and say, this is 100% bearish, all right? And I am watching ranges tomorrow to the downside, but I'm also keeping an eye on the strength, okay? Usually I would turn around and say, this is bearish, the bulls lost the five day moving average, right? I think if they start confirming today's ranges, they will go lower and that's all true. So I will definitely be watching this 287 turn tomorrow on the QQQs. However, I do want to give the bulls just for a minute, just the fact that the Dow and the S&P did kind of reclaim the five. I would like to see if this is the first day tomorrow out of the last four or five sessions that we could finally start trading in a correlated matter. So basically what I'm saying is, I would like to see if the Dow can pull up the Qs. I wanna see if the S&P could pull up the Qs or are we gonna again continue to kind of trade on a disconnect channel? Again, I wanna give the bulls the benefit of the Dow tomorrow just for one candle. So in other words, if we start losing today's ranges tomorrow before that 11 o'clock candle, I'm gonna switch gears very, very clearly and start looking in the downside for the beta technology names. But again, I'd like to actually see them rally to see if they can muster some sort of rally. But again, I like these EV stocks tomorrow. Again, I mentioned the names, LI, NIO, they already went. Solo already went. Solo will probably continue tomorrow. Look at this FSR, all right? We talked about this for a couple of days. This thing is super close, folks. And this is the same group. This is super, super close of really catching a bid. You're starting to see expanded volume on the big days. You're starting to see very, very small volume on the res days. All this thing needs to do is just confirm this channel. So I like this thing. I do. I would just love to see the same common denominator that we saw from NIO before exploded, LI before exploded. I wanna see out of the money option flow on this thing. I'd like to see for next week's $20 calls for $25 calls. That's when you know speculation money is entering the building. And that's when you really know you have a legitimate chance once this thing confirms this channel that it potentially could run to the top of the range. Again, this is a recent really, really big runner. This is a real company, really cool car. The Fisker is a really cool car. Like I mentioned, I think a couple of videos ago, it looks kind of like a poor man's Bugatti, right? Nothing wrong with that. Very pretty car. So I definitely wanna keep an eye on that. I'm definitely watching the stay at home stocks. Again, ZM, it hit the five day moving average tomorrow. Again, I don't think there's gonna be a huge move because again, if you see this ton of supply, right? But at least it's tradable. This ton of supply, like every $10 up and this thing, you catch a $5, $10 move, there's nothing wrong with it. And again, we'll talk about the pivots in a second. But if this thing can just confirm the five day moving average, I think it goes higher. And again, if there's any more aggressive COVID news overnight, there's probably going to gap. So let's talk about today's pivots. Beta was incredibly strong today in the morning. Very, very strong. ZM was strong, Roku was strong. There was a trade on Tesla. I didn't put, and again, guys, for all you guys who are trading on the Twitter feed, again, you're not on a live webinar. There's so many moving parts with these pivots. I wanted to make sure you guys got the macro view. So if you guys notice, the high here was 523, right? I wanted to build over 523. That was the high of the day. So I wanted to make sure you guys are looking at a macro picture instead of a micro picture. Because again, you guys don't have the benefit of me giving you live commentary what's about to happen. We scout this thing from the 520 area to supply 423. The point is it never occurred for you guys. It never remounted for you guys to take a macro trade. But I still love Tesla. Let's get into some of these other moves. Zoom was a beast today. 427.50, 428 needs to build. I thought I initially could get to 440. It traded up to 436. So here is the build right here. Here is Zoom. I caught a piece of this trade. I caught it a little bit late. I chased it up a little bit again, but it is what it is. But 427.50, 428, traded right to supply here at roughly 436. So that was a nice move. Roku exploded today. 233 exploded. Maybe I'm exaggerating a little bit. But if you looked at how the stock went from 233 to 237 on that candle, you kind of understand why I just said that. 233 needs to build. Here was Roku, right? Here was Roku. Here's a 233 right here. 233 and traded right to supply to about 236 and change. But it was on one candle. So it looked a lot bigger than it was. But again, nothing wrong with that trade there. Apple Square went pre-market. You never had a chance to get this thing on a regular session. It went up like a dollar and changed pre-market. I don't think anybody even traded this thing. Apple 120 needs to build. Not a big move at all. Once they pulled the plug on that news, the stock came right back in. So here was the 120. It went up like 50 cents. Nothing there at all on Apple. Tesla we just talked about. NVIDIA is an absolute beast, man. It really is. NVIDIA 542 rejected two times, needs to build. Look when the video did. Just an absolute monster. I mean, this stock is, it really is turning into just a beast of a trader. So here was the 522, right? 542 area here. 542, I'm sorry. 542 area here. See once, twice got rejected three times. It finally caught a bid here. 522 went right into supply here. Almost 551. So really aggressive strength this morning in the beta names. And then once that news came out about New York school's possibility Chicago, it was lights out for everything. So yeah, 444 still in sights. Big move there as well. NVIDIA is just a monster. Yes, so you see initial supply went to like 550 and change. Apple weekly call by again, only went up 50 cents. PDD not a big move in the afternoon. 136, 136.5 needs to build. Not a big move at all. So here was the 136, ran up to like 37. Nothing big. It came right back in with the rest of the market. And I believe, right? I believe that is it. Yeah, I still like this FSR and any closer with 550. I like this thing for tomorrow and that's it. So, you know, look, we're literally taking this day by day. I think I've used that terminology every single day. All we're trying to do is put together a game plan based on theme, momentum, and overall safety. Again, always remember this. When you're trading, you are leading with your shield, right? Always leading with your shield, not with your chin. Again, your first order of business is protector and then alpha hunter. And again, this is not your ordinary market. It's much more aggressive. You're gonna see bigger ranges. You're gonna see less liquidity. And again, if you're a new trader, and again, I've been saying this nonstop for years in the webinar, you might consider not trading the first half hour. Let the noise die down, right? The spreads are wild, the moves are wild. Yes, you're gonna probably miss the biggest percentage of the chunk move, but you're also going to avoid that big chunk move if it gets stuffed. So, if you're a newer trader, consider trading after 10 o'clock as the first child of the day. Things become tighter, liquidity gets better, spreads get tighter, and the most important part is you can control your trade. As you get more experienced, you start trading five, 10, 15, 20 years, then you can start playing around with it. So again, very solid job, guys. Have a great night, everybody. Tomorrow is Friday. And with God's help, I'll see you all there. Take care, guys, have a great night.