 If we can get any weakness in futures on Monday because of the headline, let's just assume they don't get anything done from this broadcast till the open and we gap down, I think this will be the absolute gift of all, gifts for us. 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 morning everybody. Welcome to another edition of theaxxasatrade.com weekend update. Hope everybody is having a great weekend. Hope everybody is getting a good rest. Bulls did their job guys. Really great showing by the Bulls. We've been kind of breaking down levels pretty much every single day. We talked about the levels that the Qs, again we'll concentrate on the Qs right now just because again it's a proxy for the majority of the names that we trade. But it's been a great job by the Bulls ever since they reclaimed the supply. Every dip has been defended especially in the rising 10 day moving average you saw right here. And those two channels were defended by news that Democrats and Republicans were far off a stimulus agreement. And when you look at what happened towards the end of the week, again big, big levels got reclaimed. We talked about this 282, 283 level by the Bulls reclaimed. SPX we've been talking about this 34 and a quarter level pretty much in nausea. And that was the top of the channel here reclaimed. And all the strength was attributed to a possible compromise as early as this weekend or as late as Monday or Tuesday that a deal was gonna get done. And again you saw incredible moves both in the S&P and the Dow up over 3% and the Nasdaq composite was up nearly 5%. I think 4.6% for the week. So the strength was incredible. I think going into tomorrow's session there was a headline that just came across few minutes ago and the headline basically reads that the Democrats and Republicans are not close to a stimulus deal. I think this is an incredible, incredible gift from the market gods. If you saw, if you've been following the market the whole week, especially in tech and again I understand all the other index has been very very strong. You've noticed a common denominator the whole week. Big aggressive move, next day rest. Big aggressive move, next day rest. Friday was the big aggressive move. So now that we've completely remounted this whole channel here that started all the way back on September the 9th okay and we closed above it. Now the SPX just needs to reclaim 3482 and we go back to all time highs. If you look at the cues, all we need to do right now is reclaim this upper Bollinger Band around this 286 level and we go back to all time highs. So we're set up okay and the idea that if we can get any weakness in futures on Monday because of the headline let's just assume they don't get anything done from this broadcast till the open and we gap down. I think this will be the absolute gift of all gifts for us on Monday and if we can get any aggressive gap down to 300 points, the stocks that broke out on Friday they will be, in my opinion, okay, I think they will be Christmas presents on October the 12th and if you look at the breakouts right on, you know, just for the week you had Amazon, again we've been talking about Amazon and nausea, levels on Amazon and nausea it finally broke out, right? It took out this whole channel that again started on September the 11th, they have Prime Day coming up. The only thing that stopped it was this Upper Ballinger Band and we talked about that 3280 level all day in the live webinar, all day on the private fee, we'll talk about the pivots in a second. So we kind of knew where it was gonna stop but if this thing gaps down on Monday, it's a gift. It's an absolute gift, it has to be bought on the rising 60 minute support. Apple, right, look at Apple. We've been talking about Apple, it finally broke above this channel here and closed right at the top of the range. They also have some sort of event. I think the chatter is, or maybe it's confirmed, I just don't remember, that they're introducing a new iPhone, right? Possibly on their October 13th event. If this thing gaps down, right? All you gotta look is, and again, my charts are still messed up from the Tesla split and the Apple split but any move into this rising support needs to be bought. So again, I think, again, we're possibly looking at gifts, and absolute gifts from the Democrats, from the Republicans come Monday morning. Again, really, really aggressive move. Stock like FSLY, that's had a phenomenal, phenomenal move. Any dip needs to be bought. So that's kind of the theme. And what I like going into Monday's session is, I don't think we're gonna see, unless you are an incredibly naive, inexperienced, very limited funded trader, nobody should be even thinking about panicking on Monday's open. If we do indeed get a pretty good gap down. I think it'll be orderly, I think it'll be bought, and the strong names that especially broke out on Friday, especially into the close, they will get bought. So I thought the week was pretty damn good. The only two days that weren't rock stars were the days of the market consolidated. And as much as we are intraday traders and we love the intraday channels, some days, and again, we've been talking about this in nauseous, some days when the market rests, again, it's great for the market. It's incredibly healthy, but for us, if we're gonna get those opportunities that day, we just don't get that opportunity. And Thursday's session was a complete snooze fest. There's a difference between having a choppy session or a day of rest. Thursday was just completely rest session, and I didn't even record a video from Thursday night because it was literally the same game plan that we had Wednesday into Thursday, Thursday into Friday. So I pretty much took a rest day on Thursday night, didn't record a video. And I said basically to everybody in the live webinar on the Twitter feed, whatever we have for Thursday setups, just switch into Friday. And that's the whole point of trading, guys. You wanna trade, but you don't need to trade. You wanna trade, but you don't have to trade. You only wanna trade when the market is giving you good value. Thursday, we had a very, very quiet session, but what was great about it is the index is completely built and more built and more built to reclaim major, major levels and set us up for exactly the same pivots we were looking for going into Thursday session, into Friday, and when they confirmed really, really aggressive things happen. And let's talk about the pivots. Again, obviously going into tomorrow, if we don't get any stimulus news, like I said, four times already, I think it'll be a gift on any single gap down. I think the stronger names you have to watch, I think you have to concentrate on names that are not overbought yet. Look at a lot of the, you know, look at a lot of data names, the cloud names. Look at a lot of the stay at home names. Xeam broke out on Friday. It needs one more channel to confirm it, and I think we're gonna see you in 52 week high there. So concentrate on those names. Watch a stock like a Facebook. Watch a stock like an Apple that Apple confirmed on Friday, but Facebook is very, very close. Don't concentrate on the names like a beyond that had this majestic run, okay? Those are the names that get pulled first. Pay attention to the names that have just been consolidating out of the channel, either closed up the first day above the channel, or is ready to confirm. So for example, right? So here's Apple, right? Apple just confirmed this channel, right? So this just needs to confirm Friday's highs. Amazon confirmed this channel. So all it needs to do is confirm Friday's highs. But if you look at a stock like Facebook, right? Facebook still needs to confirm this upper channel here, right? It needs to still get above this range. If you look at Microsoft right now, again, big difference, right? Microsoft just traded right through the channel. So this channel gets confirmed. This is what you wanna concentrate for Monday. Names like NVIDIA already had their big runs. Beyond already had their big runs. And again, all they're doing is gapping and grinding. But if you notice throughout the week, the stocks had had the biggest runs. And again, it's no fault of their own. But those are the stocks in the middle of the day like a Roku, like NVIDIA, like a beyond. Those are the ones who are getting aggressively pulled first. We're coming up on those rising channels and those dips were being bought. But again, if you are looking to especially put on new positions intraday, you're looking for the ones that are just about to confirm or confirm the previous day trying to confirm the previous channel. So it's very, very important. So if you look at Friday's session, pretty clean, right? Pretty clean, very aggressive. Again, you'll start seeing exactly the same thing. The stay at home stocks, the data, right? The data cloud stocks were very, very strong. And some names we've been watching for a very long time. This was definitely my trade of the day. We've been talking about the ZM channel man for like three weeks. I just couldn't figure out why this thing wasn't breaking. It finally broke. It confirmed the five-day moving average. It just needs one more day, guys. One more day. We saw Mizuho come out with a 550 price target on the stock, saying the stock, despite a 600% run this year, say that again, out loud, is still relatively cheap and they're kind of right. Again, you might say whatever you want about Zoom, it doesn't deserve, no stock deserves to be where they are. And at the same time, fair value is the last trade. So try to figure that out, right? There's no such thing as overbought. There's no such thing as oversold. The four-clock print is the true nature of the stock. If there's a buyer that's willing to pay 500 and there's a seller who's willing to pay 500, that is fair value. So again, before anybody turns around and say, well, the stock is crazy, the stock's a dog, it doesn't belong here. Okay, again, our opinions mean absolutely nothing. Please pay attention to price action, it pays much better. So you can see here, we talked about this range here. Finally got above this range, traded to about 500. If they could just reclaim this 500, right? If they could reclaim the 500, I think we're gonna see 52-week highs. So I really like Zoom, but a beautiful $9 move on Zoom. Chewy again, another stay-at-home stock. Again, for all you guys who don't use Chewy, it's awesome if you have pets. We've been using Chewy awesome. We've been on this, I think it's a monthly, I think my wife has it on a monthly automatic repurchase. So Chewy's a phenomenal, phenomenal company for pets. 5950 needs to build. Here was Chewy, right? So here was Chewy, took out this whole 5950 channel, traded up to almost 62. I still like it. I think if it confirms this channel here, I still like it. I think there's a shot it gets to 65, 67. So that was good. Tesla's one of the names that still needs to come out of the channel. Again, this is the big number here, this 440 level. And again, since it's out there, let me just share you the chart. This 440 level is pretty big. If you notice here, it keeps on getting rejected at this whole level. If it could start reclaiming this whole level here, I mean, you have room to 460. So again, it's very, very close. And again, that's the value we're paying attention to going into this week. JKS, I mean, talk about a stock that, again, people are saying for 30 points already, this stock is overbought. Maybe it is, maybe it isn't, right? But the point is, okay, if it was overbought here and overbought here, well, what the hell do you call this? And again, everybody's looking for the bottom, but at least, excuse me, everybody's looking for the top, but at least you have a definitive area now, okay? I don't believe stepping in front of a moving train it makes no sense. When this stock finally has a blow off top, the five day is gonna lose, right? It's gonna lose the five day you confirm it. If you notice here, every single time they hit the five day, what happens? Bounce, bounce, bounce, bounce, bounce, bounce, bounce, bounce. So again, at least we have a point of reference here. You don't need to try to pick a bottom on a runaway missile like this, okay? Just wait for it to confirm the bottom channel, okay? Bottom channel of the rising five day moving average, okay? Take it as a short and use the high of days to stop. But if you're still wrong, that means the stock is still strong. And again, the easiest thing to do is try to overthink trades, guys. That's what I keep on saying. There's no such thing as overbought, oversold. It's just over-opinionated and overthought. And that's a very, very dangerous combination. It's very easy to blow out your account. So be careful. Be very, very careful. JD, I still like, 79.50, 79.75 needs to build. If you look at JD's chart, it's trying to pull in, right? It's trying. So close that 79.75, trade it over 80. I still like this thing, okay? I think all it needs is one big volume burst. I know they've been coming in really, really aggressive with size on those November 80 calls. They've been putting in millions of dollars. If you go through your option chains, you'll see crazy order flow in JD. But I still like this thing. This is the first close above the range. It looks good. All it needs is one expansion day and this thing can go back to 86. So definitely keep an eye on that. Netflix, nice move on Netflix. 539 needs to build. Again, you're not gonna see one of these 10-star moves just because the stock already broke out above this level. But yeah, 539 went to 544. Nice move on Netflix. FSLY broke out this week. Huge, it's been an absolute rockstar of a stock. This past week, 120 needs to build to test previous highs. Here was FSLY. And again, this is where we talk about sneaky pivots, guys. Here's the sneaky pivot. You see this whole channel here, right? This is the whole channel here, 120. It confirmed 120, took out 122.54 and went all the way up to 129, just an absolute monster of a stock. I deleted this company. It was W. I think W got upgraded. But I looked at the daily chart and I said, 315 is supply. So I go, I'm deleting the tweet. Again, Tesla, I still really, really like. ZM huge was a big, big move on ZM. Big move on Netflix. Here came in the 550 weekly buyers. NKLA, it got down to that 24 level. It still needs to build below. I think the stock is getting tired again. And I kept on saying, oh my God, because we saw some really incredible candles being put up right away in ZM and Netflix. Really, really strong. And FSLY, really, really strong out the gate. Here's another perfect example of the cloud. Data names being very, very strong. DDOG, 109.75.110 needs to build. Here was DDOG, right? So look at the pivot here, right? It took out this whole channel here, 109.75. And we said there's a shot at getting it to 13.14 right to the linear regression line, traded up to 14.5. Really, really big move there as well. DDOG perfect. Yeah, they started coming in right away with the 120 call buyers, also the 113 weeklies. So very, very strong move. Again, complimented on order flow right away. Here comes Chewy. And this is where I put in right before, towards the end of the day, and Apple closed perfectly right at that level, 16, 80, 17. So again, fingers crossed, guys. If there is absolutely no deal done and we get a gift of a gap down, all the value will be to the upside. Every single value will be to the upside. Amazon, Apple, ZM, FSLY, anything that, if you look at your charts today and you really go look for them thoroughly and you see what broke out. The Microsofts of the world. Those are the ones you wanna buy on that dip into the rising 60 minute support. Because again, if we do get a gift, there's a great high probability you'll probably get a Trump tweet at some point during the day that said, look, we wanna get a deal done, we're gonna get a deal done. That's been the kind of the formula, they've been giving negative statements, they bring down the market and then followed by a positive statement either later in the day or the following day to get it back up. So again, fingers crossed. You guys have a great, great remainder of your Sunday. Get some rest. Make sure you definitely continue to put in this work. And with God's help, I'll see you all in the field tomorrow. Take care.