 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 is safe. I think that's the best way of saying it. You know, we're only in, what, six, seven months of 2020 and it just keeps on, it just 2020 just keeps on being relentless. Not enough that we've been stuck home, our lives have been altered, the economy sucks, people unemployed. You know, 2020 is unfortunately the gift that just keeps on giving and we just want to send it back. I was one of the, you know, if you haven't seen, if you don't live in the northeast or the east coast, I haven't recorded a video in three days. I was part of literally the hundreds of thousands of people who lost power because of the storm. I know a lot of people are just starting to recover. I lost power on Tuesday at 1.30 and I got it back yesterday around 3.30, around 3.30 p.m. So it's just absolutely insane and the worst part about the last three days was not obviously because of trading. You know, I wanted a vacation, I haven't had a vacation in a year just because of COVID and by this time I would have been taking my last vacation right before school starts. I'm already to the point of no return but I've been wanting a vacation. This wasn't the vacation I was looking for and the worst part of the last three days or so wasn't the power outages. I didn't mind that. It's summertime, we were outside most of the time anyway, I was playing ball and this, that, the other thing with my kids. So that wasn't the issue. The biggest problem in the last three days, I was literally in the presence of my mother-in-law non-stop every time I was home for about three days straight and at that point a man is about to break. So thank you for the electricity gods and New Jersey power and light and everybody else who helped out to restore power. That was the biggest deal. So hopefully you guys are all safe, right? Hopefully you guys are all recovering and also let's send prayers out to the people in Beirut. I mean just an absolute tragedy there as well. So 2020 is definitely going down as just the absolute worst, like literally the absolute worst year for mankind that you can really accumulate to put together. So it's terrible. It's definitely up there. Other than that, the market keeps on going, right? The market completely defines the odds and the logic and the sensibility of what the world is looking like. Again, more big, big moves for the index as you saw, two and a half plus moves for the S&P and the Dow, which notched six weeks now. Six weeks of gains, consecutive gains. The Nasdaq composite again, you see the power of beta, right? Amazon, you know, and Apple and Facebook, right? Just absolute amazing gains. You have nearly a 4% move and, you know, for all the experts, and again, they deem them experts, right? Talking about a decade worth of negative gains. This was six months ago. You're talking about imminent stock market crash. This was six months ago. You know, people who are investing their money should be hospitalized for the mental institution. This was six months ago. So again, guys, our opinions mean nothing, okay? I don't care how long you've been trading, okay? We don't know what's going to happen, okay? We never know what's going to happen. We have an idea, right? We have an opinion, but we actually have to wait for that opinion to become valid. That's obviously through technical analysis. And, you know, I finally had a chance to kind of sit down this morning. I woke up very, very early to do a lot of extensive charting because, again, I wasn't able to trade for the last several days. Obviously, I put in a bunch of pivots from the night before. I was literally charging my phone and my laptop in my car, okay? And I was literally jumping on my neighbor's weak signal of Wi-Fi. They had a generator and finally I gave in and I'm one of the people who have just been fighting getting a generator. I finally have two companies coming on Wednesday to give me quotes to do my whole house because I was always in the camp of, well, it's only, you know, we're only out for a day. What's the big deal? A day turns into a week and next thing you know, you start rethinking things. So I finally gave in throwing the towel. I'm getting a generator for the house. But other than that, I mean, you look at what the market has done. It's been amazing. Apple has just been absolutely nuts. I mean, absolutely just absolutely crazy approaching a two-trillion dollar valuation. Facebook, definitely the move of the last several days. And again, I've been, you know, I've been literally putting in pivots. Just because I was in training, I was still putting in pivots. And again, it really does show you that nobody needs to hold your hand. It's all about technical analysis. Facebook obviously is the number one benefactor of the whole Trump waking up one morning and say, wait a minute, TikTok is bad. You're stealing information. This is a Trojan horse. We have to focus all our energy on TikTok. Again, TikTok doesn't get sold in the next 40 days. It will be banned, right? And every 10, 11, 12-year-old that's making crazy seven-second videos, dancing and blowing themselves up and, you know, eating a cat. I don't know what the hell they do on there. But all of them are going to need a new platform. And obviously, Facebook introduced reels over the last couple of days on Instagram. This will obviously be a huge, huge, huge deal for Facebook. Because again, if TikTok does get banned in the United States, all these tweeners and teens will be going right to Instagram and going into the reels business. So big, big week for Facebook. Look, I think what we're getting into is the point of, I think a lot of people are just kind of a wits end of what the market is doing. They're either really, really chasing higher prices or really complaining about people who are chasing higher prices. And, you know, I see this, I've been seeing this now for the last six out of seven months. The first month obviously was that big destruction of equity prices in March. But when you look at, you know, the final tally, it really is extraordinary. So I think the best piece of advice right now is, again, like I've been saying for a month, just take it day by day. Again, we don't need to know, you know, you don't need to know what's going to happen two weeks ago. Somebody asked me on Twitter two days ago, hey Dan, I know you're having a power outage. I know you have like on 3% of your cell phone. But hey, what do you think about Tesla for the next year? What do you think about Tesla for the next year? I don't know, maybe it goes to 2000, maybe it goes to 200. I have no idea, right? Take it, take it day by day. Again, we're trying to, a lot of people are trying to over, over guess. Okay, it's not even the opinions that trying to over guess. And again, trading is not guessing. Trading is again, getting as much data as possible and waiting for that data, you know, to kind of play out. In your process. Again, whatever your process is. And I think going into this week. Again, the game plan still is, you know, bullish on most names. I'll show you in a few minutes where beta is. I think beta to start the week is a little bit of a sticky place. Again, I don't think there is the highest value going into Monday or Tuesday, at least on the upside in some of these names. You know, Facebook's still strong, Apple's still strong. We'll go through some charts. I want to show you kind of what I'm talking about. But there is still a lot of value in other places. And if, you know, for all you guys who are getting the weekend, you know, the weekend pivot watch, you'll notice there's a bunch of, you know, $5 stocks, $20 stocks, $10 stocks. There's speculation money there. And again, until, and again, I don't want to, you know, I don't want to use them as a punching bag. But, you know, kind of media, not even social media, but media has deemed the Robin Hood effect as kind of retail sentiment. But as long as the Robin Hood effect or retail sentiment continues to trade, you know, continues to trade and continues to chase, you know, stocks like this, right? Like Kodak's of the world and, you know, and anything like this. I'm just using Kodak as an example. The market will continue to have fuel to the fire. And now we're just waiting for the Democrats and the Republicans to kind of get their, you know, ducks in a row to kind of, you know, agree on the next stage of stimulus for COVID. So again, the question is what is going to slow down this market? We just ran through earnings, right? Most of the heavyweight technology names already reported. I still, I still, we're waiting on, I think we're still waiting on NVIDIA. Okay, still with NVIDIA, I think Alibaba as well. But most of them are out of the way. And now that they're showing that they're, you know, really Teflon, Teflon economic companies, you know, especially Amazon, the Facebooks, the apples of the world. Now we're waiting for, well, what's going to happen for the next leg up? Or is there going to be a next leg up? Again, we don't need to answer that question today, but at least have a common sense of where the sentiment is. Again, don't fight the Fed if the Fed is continuing to tell you there's stimulus, stimulus, stimulus, stimulus coming. The last thing you should turn around and say, you know what, I want to take a macro short position because again, the market's overvalued according to you. Again, fair value is the closes, is the closing price, right? If a stock closes at 150, that's fair value. That's where the buyers and sellers in the last price of the day at four o'clock deem it to be fair value. It's not where you want it to be. It's not where you think it should be. That is fair value until buyers run out of steam and sellers take over. The stock continues to go higher, and obviously that's the other way around. So going into this week, I want to kind of show you some indexes to say where they are compared to where beta is. I want to kind of show a picture. For the week, again, strong move for the NASDAQ, driven obviously by technology shares. Again, Facebook, Amazon, Apples of the World. Again, what I like, what I saw Friday, and I did extensive chart work this morning, I like how even though they tried to sell off the NASDAQ composite, at the end of the day, they reclaimed the five-day moving average. Again, the five-day moving average is an incredibly important, kind of important study for the shortest-term sentiment. So that's bullish. If you look at the S&P, and we'll use the spies as kind of a barometer, this is there, right? This is all there. The spies broke out a couple of days ago above this 327.50 level and continues to make new highs. When you look at the Dow Jones Industrial, when we talked about it a couple of weeks ago, how they were just stuck in the range, well, they're above the range. And now they're toying with taking out all-time highs. And this is the diamonds above this 276.40 level for continuation of all-time highs. Even the Russell that was lagging, right? The IWM that was sitting in this channel for a very, very long time and then sitting in this channel for a very, very long time finally broke out as well. So everything on the surface looks really, really good. Again, we don't trade based on the scoreboard. We trade based on sentiment. So again, I want to give the bulls the benefit of the Dow. But when you look at where beta is right now compared to where the Nasdaq 100 is, and you'll quickly see why going into Monday's session, I want to be a little bit more patient with beta. I thought, first of all, I got a ton of great feedback. I was putting in pivots Wednesday, Thursday, and Friday even though I couldn't trade phenomenal moves. And we'll show you, especially Thursday with Apple and Facebook, phenomenal, absolutely phenomenal. And that spilled over into Friday's session with Facebook. But again, when you look at where these stocks are right now, and again, I'm not trying to put water on this hot fire. Again, I'm just saying where reality is. And this is, I think, a week, at least the start of the week. We should definitely pay attention to smaller price names, and not so much small caps, but smaller price names that are not beta. Of course, you're going to have some value to the beta side. We always will just because of the measured potential of the average range of the channels. But macro wise, I think there's better money flow at least at the early part of the week in other places until stocks start to confirm channels basically back to the upside or to the downside. Obviously, what's been working really well, and I've been speaking about this into nausea, especially for all you guys who have smaller accounts. And again, that's not really my business. I'm not the person to, I can't tell you how to build a small account. I have no idea. I have zero idea. Somebody told me, somebody asked me a year ago, six months ago, hey Dan, if you had to take $5,000, can you turn it into $50? No. I wouldn't know how. How do you turn $5,000,000 into trading baby? When I trade four shares of Tesla, I don't know how to do it. So I'm not the expert. Go to social media. They'll tell you how to turn $500 into $5 million. I have no idea how to do that. So I give you guys a lot of credit for trading with smaller accounts. But the one thing that is working for all you guys who do have smaller accounts, I've been talking about this now for months, is trading small cap option order flow. And that's been amazing. I mean, absolutely amazing. And you spend, whatever it is, $150, $200 on a scanner. I know it's a lot for some of you guys who do have smaller accounts, but it's so worth it because all you need to do is catch one flow, one option flow a week. And now they're giving them pretty much once, almost once a day. But if you can just catch one a week, right? Deep out of the money, option flow on a dollar stock with a $250 near-term expiration, those trades are working very, very well. So in my opinion, if I had to do that, if I was in a situation I'm starting out, I would be concentrating on that. I'd be literally concentrating on small cap order flow. And from what we've been having really great success, I've been tweeting these things nonstop and they've been popping 15, 20, 25 cents. Some of these things have been gapping the next day really, really strong. So again, I'm not one of these guys who, I have no idea how to turn a small account to a big one. I have no idea. But if I had a small account, hell, that's what I would be doing. I'd be investing an option scanner. Start trading option order flow. That's the highest probability that I've seen to trading these small cap markets. But going into this week, again, I am kind of dealt the neutral to a little bit positive on beta. Everything else, I am still positive. Again, the key close on the Qs obviously is going to be below the five-day. As long as it stays above the five-day, it's going to be very, very bullish. At first close, below the five-day obviously starts the retracement to lower levels. So let's look at some charts. I kind of want to show you what I'm talking about here. That's why I'm kind of dealt a neutral on beta. So Tesla, right? Tesla has been a phenomenal trader. It's kind of stuck in this channel here. Again, a lot of speculation. I'm sure you guys have been hearing now for like three, four weeks speculation that they will be added to the S&P 500. Again, speculation. Everybody's running with it. Is it possible? Absolutely. Again, it really needs to either confirm the top of the channel right over here or start losing the bottom of the channel right here to get this thing going. So again, it's kind of stuck in no man's land. Netflix had a chance to break out on Friday. I really, really liked it. I'll show you on the pivot field. It really needed to get above this 511 and it failed. So again, it's back to the middle of the range. So again, there's no edge there as well. Roku, they reported this week, kind of all over the place. Again, you can see they're kind of stuck in the middle range. Nothing really going on as well. Amazon had a really, really big chance. We had a couple of pivots, really big pivots this week on it. But it really had a big chance to really explode. And if you notice here, it keeps on getting rejected off this 3250 level, right? 3250, 3250, 3250. So you got a triple top here at 3250 on Amazon. So now it's stuck in the middle of the range. Again, it's very positive that, again, it reclaimed the 5-day moving average. But you can see it's stuck in the middle of the range. Can it take out Friday's low and go lower? Absolutely. But again, as you can see just by your naked eye, it's stuck in the middle of the range as well. BYND came out with earnings. This one, at least, you have, you know, this one I kind of like on the short side. You know, three days in a row, actually four days in a row, it had that move, big move into earnings. And then they sold it off. You have one, two, three, four days in a row of higher lows. You can see that. If it just takes out this channel right over here, I do like it to the short side. So that one I will be watching to the downside. Zoom, again, more cases are starting to rise. The question is, again, are you sending your kid to school? Are you not sending your kid to school? Zoom, obviously, has been a phenomenal performer. The last day I traded was on Tuesday, right? That was the last trade I literally did was on Zoom. I caught it for a really, really nice move. But it's stuck in the middle of the range, right? You can see this is stuck in the middle of the range as well. Again, bullish that it reclaimed a 10-day moving average. But again, there is no macro point of view on the video. You can see this as well. Really, really big move here. Again, it's kind of teetering. Obviously, I think the values to the downside, if it confirms. But again, it reclaimed the 5-day moving average as well. And you could go through all of them. Shopify, same thing. You'll notice the same thing on everything. Microsoft, Microsoft actually looks good if it could just reclaim this top of the level here. Again, more speculation of them buying, possibly buying TikTok, obviously, is going to fuel the fire to the upside. But again, we have to wait. We can't anticipate that happening. Apple, just an amazing run. Held the 5-day moving average. Again, $2 trillion value. Again, monster, monster. Boeing had a chance to break out this week and it failed off the 75 level again for the second time in a row. So this thing is in no man's land as well. So this is kind of my point where beta is not here nor there. Again, we're going to get value in the beta market somewhere. Sure, of course. Obviously, buying Apple on rising 60-minute support is still very, very important. Buying Facebook on 60-minute support is still very, very important, as you saw on Thursday for both of them. Again, guys, I keep on saying this is the highest probability trade in beta. Anytime you see a cartoonish-like move the day before and a stock opens red, there is an incredibly high probability that the stock will not only go red to green, but just will absolutely explode. And you saw that this week both with Facebook and you saw that this week with Apple as well. So again, we continue to watch these things off 60-minute dips and obviously looking for other places as well to kind of manufacture runs until beta picks a directional buyer. So Friday there wasn't a lot of pivots. Again, you'll see a lot of names. A lot of names just failed at top of the range. But again, you'll see some other names. Again, we see some other names that had, again, it's a pretty impressive money flow, both on the option flow that gave opportunities. So let's talk about it. So obviously, Amazon, we just mentioned a few minutes ago, 3250 rejection twice needs to build, never got there, and Netflix 511 never got there. Amazon gave the dip. For all you guys who are not in the live webinar, I know my man Joe texted me right away. Amazon dipped to that 450 and a half level and it almost went to red to green. So it was a huge move there. Alibaba still needs to report, never got close to this level. Same thing on Facebook. This is kind of my point of 60-minute dip or red to green. Facebook 60-minute dip, red to green, above 267 confirmation. I mean, look at what Facebook did. It just absolutely exploded. Took out this 267 level and ran to 279. Just an absolutely huge move. Again, congratulations for all you guys who caught that as well. Again, Boeing failed for the second time to get to that level. Google 1507, 1508 needs to build. There was a nice spike on Google. Didn't quite get to the 1535 area. But took out, here it is right here, took out that 1507, 1508 level went to 1520. Again, nice move on Google before it kind of came back in. So good job for you guys who caught that as well. Beyond, this is the level I like going into this week. This 130 level is the line in the sand if it starts building below, I think you can get hit. Cars had some pretty good call buying on Thursday. Again, this is my old point that you don't need to trade pivots on beta to trade pivots. You could trade pivots on anything, on Bitcoin, on crypto, on E-minis, whatever your hard desires you can trade. You can trade pivots. Cars 925, 930 needs to build. Again, not a huge move, right? Okay, not a huge move, but again, the point is it took out the 925 and went to 966. Again, for all you guys who are trading the smaller price names, it's 40 cents a good move on a $9 stock, right? Again, not every single trade needs to be five bucks. So again, there's value there. Space 19, if it builds below can flush. Nice move on space to the downside. Space traded all the way down to 18 and change. Again, I think there's more downside to this thing. Once this thing loses 18, it goes right to 17, right? To the rising Bollinger Band. It's a good move for all you guys who caught space as well. Newtles, again, had option to flow a couple of weeks back. Newtles 755, 760 needs to build. Again, nothing to do with beta, right? There's nothing to do with beta. Just again, we're trying to put as much value as possible for everybody to take advantage. So here is the night, 755, and it went to almost eight bucks. Again, 40, 50 cent move on a $7 stock. Is that good, right? Again, you have to decide. If that's your sweet spot, that's your sweet spot. GNK 720 needs to build. GNK, let me see what GNK did. I don't even know what GNK did. Didn't quite get there. Didn't quite get there. Went right to 720, and they obviously gave a second entry. That's 720 is still a big number. TTD was a nice move. TTD 501 needs to build. Here was TTD, right? Here was TTD. Here was a 60-minute view on TTD, right? 501 right here, and it... Oh, excuse me. I'm sorry. Right there. 501 right here, and it went to 510. Again, nice move on TTD. If you've got this tray, great job. Again, unfortunately, it was sitting there in the dark, watching everything from the sidelines. Again, here's my message. Here's my message, second entry is on everything. Facebook, just an absolute beast. Big, big move. I was actually very surprised that Apple never went red, but it never did. It actually never did. Nice move on cars. This is a joke, obviously. This is a joke, obviously. Microsoft, nothing. Noodles, spiking. TTD, spiking. New highs. And that's it. So, my message was basically my power has been restored. I am 100% capacity for all you guys who are joining us, especially in the live webinar or on the Twitter feed on Monday. Please make it your opportunity to kind of watch the workshops this weekend. Again, it's over 10 hours of breaking down the PS60 theory. It's much better if you join the workshop after you've at least kind of got the nuts and bolts of what we do. Because again, I can feed you pivots till you're blue in the face. But if you are not, if you don't understand the moving parts, you're really cheating your development. It's so much incredible, great feeling to be in control of your trading. And if you don't understand the moving parts, you're only going backwards. So guys, have a great, great weekend. Great to be back Monday morning, come fresh to Morning Strategy. And with God's help, I'll see you all there. Take care, guys. Have a great, great weekend. 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.