 This is the highest close in the Nasdaq 100 through this whole formation here. So that's super duper bullish kind of going into this week. And this is probably the first time. 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 evening everybody. Welcome to another edition of the AccessToTrader.com weekend update show. Hope everybody is having a wonderful start of the weekend. Last weekend was a complete washout, three days in a row of rain, rain, rain, especially in this Northeast, especially in New Jersey, mentally just horrible just because again, we need such breaks. And this weekend we're finally getting some beautiful weather. I am taking advantage of it. Some sun, some good food, allegedly a cocktail because I don't drink and hopefully get the mind ready and be 100% effective a month, right? You want to have that clarity, you want to have that restful solely laser focus. So let's talk about the market. If you look at the scoreboard this week, you never get a good sense. For weeks and weeks and weeks, you had technology very, very weak, big money, speculation money. Again, you could call it what you want, the chasers, the diamond hands. We went over this a million different times, whatever they call it, the gorillas these days. They're flowing speculation money all over the place, right? Very, very emotional trades. People are doing incredibly well. If you held on to this thing by God or another high power, congratulations. You made it probably a fortune on this thing and that's awesome. But this is a very emotional trade right now. You have a lot of people are caught backwards in this trade, shorting it against this kind of freight train and then you have people chasing at all levels that thinking it's okay. And as the stock starts putting in lower highs, you have back to bad days of raising money and potential third raise coming up, very, very emotional, right? You could see all over the place, especially social media, how people are just bunting heads and for what we're about to see, especially when you look at the NASDAQ 100 and the Qs did a great job, right? Really a good job of reclaiming three, four days of selling, held the 50 day moving average, had a really strong rally to close the week. Again, the scoreboard is not gonna really paint a picture, but with the NASDAQ up a half of a percent for the week, this is the highest close in the NASDAQ 100 through this whole formation here. So that's super, duper bullish kind of going into this week. And this was probably the first time I've said that ever since we had that close on, what was it, on Friday, right? Although the indexes were strong and the semis were led by the semiconductors, excuse me, the NASDAQ was held by semiconductors including on the video, it continues to be a monster. We saw a tremendous amount of weakness in technology. They finally woke up on Friday, put in a really strong effort, NASDAQ up about 200 points, but more important is this is the highest close of this whole formation that's pretty much giving the bulls a green light. That's the good part, right? The bad part is again, what happens, and this is kind of what we saw, what happened in this day. The first day we reclaimed the 50 day moving average, just because, just always keep this in mind, just because the market reclaims levels doesn't mean every single stock is gonna do so. So for every stock that looks good, we'll go over some charts that I really like for this week, there's still a lot of charts that are just horrible, right? Even though Amazon was up $17, right? This is still, this is, you guys realize this, with everything's going on with Q's reclaiming major levels, this is a very, very big disappointment. Number one, Amazon had a really big decline a couple of months ago, literally never recovered and only had two green days in the last one, two, three, four, five, six, seven, eight, nine, 10, right? So two green days out of the last 10, considering how the Nasdaq 100 confirmed not really good. You look at Netflix, completely stormed the water, had a little bit of a rally on Friday, but considering where it was before, earnings very, very disappointing. And there's a lot of names like that, right? But instead of dwelling on the names that need to put in a work, right? We wanna talk about names that actually look very, very good. And if you're a new trader and you're reading social media this week and all the attention is, you know, on the AMCs and on the game stops and on the, I don't know what other, there are costs of the world and BBBY, just understand, this is a very crowded trade right now. In my opinion, I hate using the word the easy money, but you know, when a stock goes from nine, you know, from nine to what, 75, you can pretty much agree that the easier, right, easier money has already been made. And now you have three days in a row of lower highs and lower lows. It's not a good thing. The major test on AMC is gonna be this rising five day moving average. If you can see here for the last three times, held at once, twice, three times, so you're probably gonna get a test the 43, 42 level at some point next week if for the bulls. This is kind of, you know, I really have no interest in this thing longer, you know, longer term, but if you believe in the bull case from this thing, you really have to hold and reclaim this 42, 43 level if there's a test, right? And you definitely wanna make sure you don't break below this 37. If you break below the 37, you have a lot of room down. So you kind of wanna watch this level here, but the five days is gonna be the key for AMC, especially if you're playing the longer term picture, right? No pun intended, maybe pun intended, right? I'm not that smart or clever, but definitely not that smart. So, but this is gonna be a very emotional trade. I think now that the cues have reclaimed, you know, reclaimed the 50 day moving average and put entire motion highest close, I do believe there's easier trades. I do believe there's easier setups. I do definitely believe there's going to be lesser emotional setups when it comes to the market. And the last thing you wanna do is, especially if you're a newer trader and you're doing this for a year or two, the last thing you wanna do is go into a new trading week in the most emotional vehicles of all. And I hear this all the time, you know, I usually ask what's, you know, what's your biggest issue when you're first starting out? And people always say, my emotions, I can't handle my emotions. I'm either foam all the way to the wall or to the moon as this generation calls it, or I'm a nervous wreck and I don't know how to properly exit a position, stay in the position, trade in the position. These are all emotional things. So the last thing you wanna do is take that, your biggest problem area and focus on the most emotional names going into the next week. And I promise you, it's not the sexy trade. You don't want the sexy trade. You don't want the exciting trade. You don't want the trade that as soon as you put on the position, you start to sweat and your heart starts to pound. You don't wanna do that, right? You wanna be in boring lethargic patterns, whatever your process is and make sure you're identifying the cleanest path to the goal line while you're properly identifying market sentiment in that direction. So knowing that this is the most emotional thing you could possibly put your money or even your mental capital on Monday, I think there's better places. Is this trade over? Probably not. The short sellers who did a great couple of days ago, they're still feasting. I think the long buyers that were in this thing couple of weeks ago, they're still feasting. But now if you're, if this is your first time, right? And you wanna plant your flag, I promise you, I give you my word, there's gonna be a lot more better, more boring trades. And boring means lethargic boring means you're in control, high probability and you can control risk instead of risk controlling you. And this is what all these things are. So if you are on this thing from the nine, 10, 12, 15, congratulations. If you're short this thing from the 70s, 60s, 50s, congratulations. Now manage your risk, look at that levels right now. Again, these are the facts. Three days in a row of lower highs and lower lows. Again, five day moving average is your pot of gold. So I wanna go into this, we definitely buy bias, right? Again, I'm not a bull, I'm not a bearer. I look at things realistically and try to formulate an opinion to find the best charts. So for every Amazon that looks like crap, Square that basically looks like crap, Netflix still looks like crap, Tesla, although it had a strong day on Friday. I mean, let's be honest, it still needs work, right? It doesn't scream, I have to belong this thing. But for every one of those stocks that are still kind of trying to make their way into the positivity realm of sentiment, there's really a lot of good names that are already broke out or about to break out that look really, really good. I think it deserves our attention. So let's forget about the Amazon. Let's forget about Netflix as the world. Let's forget about the squares. Look at Google, right? Look how good Google looks, right? Look at Google, looks absolutely great. It never really sold off with the rest of the NASDAQ 100. And this thing is literally a stone throws away of confirming this whole channel here to start looking and probably testing this 2430 level, which is the earnings high. So instead of fighting with Amazon, you have a clear path to the goal line with Google. So again, it's kind of the same trade. Obviously I think Amazon is a bigger and a weird way more liquid name to trade than Google. But again, beggars can't be choosers. So if you like Amazon, you really have to focus your attention on a name like Google. Look at Facebook, right? Just again, just to find names that have clearer channels. Is Facebook the smoothest thing out there? Of course not. Everybody knows it's not. But you can't deny how strong the stock is. And although it had its little bumps and bruises the last couple of days, it reclaimed supply, right? It reclaimed the five day moving average. The five day again is the cleanest and the shortest term moving average you could possibly hide for sentiment. So look at this channel here, right? All you have to do is look at this whole channel here and if it starts reclaiming the level. Again, we saw a short term expiration in the 335s, the 340s, the 345 calls. And assuming again, the market confirmed yesterday's price action in terms of the QQQs, you could get it moved all the way back to the hot. So definitely keep an eye on Facebook. Look at a name like Maxim. Again, not the easiest stock in the world to trade. Again, we recovered this whole area here where it broke out above that $99.5, $100 area. It hasn't been one of these. Now it broke out and went on a 30 day run like in the video. We'll get to the video in a second. But again, there is staying power here. And if this is a name that you're probably looking for more of a swing candidate and a day trading candidate, but at least you have a top of the range here that you could be watching. You have your max pain that you see here you could be watching. So you could be looking at literally a two, two and a half dollar risk, max pain. And if the market starts to snag like up, look how much room you have, right? You have room first moved to 106 and any move above 106, you could see 116, 117. Again, assuming the market looks really, really strong. Now look at a name like Zoom, right? Zoom came out with earnings. They sold the stock off two, three days, but look how close Zoom is now to really taking out this whole bottom channel here. And if it does first close above this channel here, because remember, we did see some really good bets on Zoom towards the end of last week. We started seeing the 360 call short-term expiration June, Julys, 360s, 365s and 370s, I believe. I forgot about the last one. You have to double check that and we started seeing call buying. And if it could close above this whole formation and take out months and months of selling, Zoom could go on a run. Forget about the whole fundamental case that workers are going back, I use Zoom. I know a lot of you guys still use Zoom as more companies when they first started, they didn't use Zoom. Now they're gonna continue to incorporate it because it's just the easiest, most intuitive user-friendly way to speak to somebody, whether it's across the pond, across the street or somewhere else that without leaving your home and exposing yourself to travel costs, any type of quote-unquote virus or anything else, it's much more. So again, it's all about the technical view that now instead of the fundamental case later as well. And some smaller names are looking good as well. Look at the stock eyes, guys, right? Look at the stock eyes. Had a really, really huge, huge run. If you guys remember, I started, I don't know if you guys realize this, I started focusing a couple of names. I try to put in maybe one or two names every single day on the smaller case. If you guys remember, on Thursday's session, we highlighted BBIG above that. If you guys remember, I highlighted it on Thursday night above that 350 level. This thing just went nuts, absolutely nuts. Look at eyes, it's not bad at all. I mean, look at the history of this thing. This thing went, what was it? This thing went January for March. In March from what, from two to 20, right? This is the first close over the 50. Moving average. If this eyes can just get above, you know, start putting in a channel above seven bucks. Again, nobody's saying to go to 20, but why can't it go to nine? So, you know, keep an eye on that as well. And Neil, I like this Neil. The EV playing is really strong. Just to give you an idea of how much potential there is. When was the last time you saw General Motors and Ford go on runs like this? This is the whole point of the EV generation. Everybody knows what GM is. Everybody knows what Ford is. And according to them, you're gonna see pretty much everything electric within the next five to seven years. But a name like Neil, right? You know, if this thing starts taking out this whole channel here, maybe it starts to run itself. So there's definitely, definitely value there. Some beta, some non-beta, some semi-conductors. And hey, how about in the video, right? Look at this thing. What an absolute monster is. One on a huge run again on Friday. Again, they came for the 735 and the 740 calls. Wonder why, right? Look at the, look what your measure potential is. 730, 740, so there's a good chance they run this thing ahead of the split as well. So do your homework this weekend, folks. Definitely put in the time, relax. Like I'm definitely using this weekend to decompress and relax. Last weekend, I was so looking forward to going to the Hamptons to the rest of three days, long weekend. I didn't have a chance to do that because it was raining for three days. So this is kind of like my mini break. So after I'm done with this, I'm gonna take the kids for ice cream, whatever the case may be, I'm going to relax and decompress. So we're definitely bullish. At least the start of the week, we'll see how the market reacts to the last week's channels. And if they do confirm, we should have some good continued upward bias. Guys, God bless, love you all. Smile, live your life. You don't get another one of guys. Have a great night, have a great weekend. I'll see you guys, God's up on Monday.