 $470 line in the sand held out twice. Again, why $470 was so important. If you look at the 60 minute view and my 60 minute view e-signal for some reason has just not updated my Tesla chart after the split. But here is the 60 minute view, right? This is what we were looking at. 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 everybody, good evening. And welcome to a Wednesday edition. Happy Hump Day everybody. Welcome to a one day edition of the Access a Trader.com. Nightly wrap up. Hope everybody had a good day, a very aggressive day. We'll talk about this in a second. What we saw macro today was two things. Number one, we saw a really aggressive rotation for 90% of the day out of technology, right? Out of the names that had the biggest runs. And if you look at your charts, and again, I always encourage everybody to do so, you wanna look at the stocks that had the biggest runs. And the biggest runs recently have been names like Tesla, have been names like Zoom, right? Shopify has been on a huge, huge run. You could go through the whole list, beyond, excuse me, not beyond, but a lot of names like Square had big, big runs. And I keep on saying every single day, kind of almost as a daily reminder that again, the market's just not gonna tap you on your shoulder and tell you, hey, by the way, you're gonna get pulled right now. You're just gonna get pulled. So every single day, I'm very, very conscious that, hey, we're still in a very, very aggressive bull market. But hey, if you don't pay attention and you don't see it coming, you're gonna get creamed. And again, that's exactly what happened today on the beta names. Matter of fact, the majority of technology very, very early. Again, it's not going to show you in the box score. Again, if you look at the scoreboard today, Dow up, what, 450 points. The NASA came back screaming hot, right? Screaming hot towards the last hour, hour and a half of the day. There was some sort of Fed notes, a Fed minutes, whatever the hell it was. Does it really make a difference at this point? But the moral of the story is, again, I say this every day. You can't trade in rose-colored glasses. And every single day when I say, hey, guys, just, again, look, nobody's saying we're gonna get Armageddon, the market's gonna go to zero. We're just saying, be careful every day. Be conscious that again, the way stocks get tired when the market goes down, stocks are gonna get tired on the way up. And today was a perfect example that the high flyers, they all got tired and you saw this really massive turn, right? Really, really massive turn, rug pull, early morning, phenomenal moves, really, really aggressive moves. Again, we'll talk about that in a second. But I think that the most important part about today, not the individual trades, is how significant the money flow once it comes out of one group, right? It starts getting allocated to the other. So again, kind of going into tomorrow's session, you're not gonna see a lot of value, for example, in a Zoom or a Tesla or a NVIDIA or an Apple, right? Or a Square or a Tulo, so forth and so on. But look at the down names, right? Pay attention, there's only 30 of these stocks. You can go through them, they'll take you what? Two, three minutes to go through the Dow stocks. Look how these things are setting up, right? Look at triple M, look at this potential breakout right here, beautiful. Look at Caterpillar broke out today, gorgeous. Look at the banks, a lot of call buying going on. Goldman Sachs is basically a day away, maybe two days away from really, really waking up. Look at the storm that Nike has been on, right? So there's other places to kind of park your time, okay? Not necessarily really focus on a day to day, but when money is being pulled from one group, specifically the beta names, you have two choices. You can still try to short them. And again, you have to be very, very specific in why you wanna short them at very specific ranges, confirming the bottom 60 minute channels, because you can't short them into weakness. If you short them into weakness, I promise you, you're gonna get killed. If you start shorting the midstream into a candle, you might get, you might make some money, but there's so many dip buyers that the reversals back are significant. So you have to really, you know, you really have to be astute of picking your spots when you're shorting stocks in a very, very strong market. But it really does show you, again, how incredible. And again, you could run out of superboats to kind of, kind of even fathom, try to explain to another human being how historic this market is really, how it really is. Again, amazing considering what's going on. Now, again, slowly, but surely, the country's starting to open up little by little. You know, you have all these different states, like for example, in New Jersey, you had the governor talking about restaurants, 25% indoor dining now capacity, you know, little by little, right? Little by little. And again, unfortunately, there's been a lot of collateral damage with a lot of small businesses that are never gonna reopen up, which is an incredible shame. But we're starting to, you know, to open up a little bit. We are starting to, especially here in the New York, New Jersey area, the case is a really, they've really stalled out, which is a good thing. So, you know, two months ago in New Jersey, we were seeing 4,000 a day. We're like seeing 200 a day now, so which is great. Kids are starting to go back to school. I know a lot of you guys, your kids already started. We made a choice. My daughter, for the first semester, will be home. We wanna see exactly what happens, doing simulcast. My son will be going in for the first week. They have this really cool setup on their campus that everything is gonna be outdoors. Everything's on their tents outdoors. So pretty cool there. But little by little, obviously the big thing is gonna be, is there going to be a second wave? And again, you can make an argument when did the first wave stop? But if there's going to be a second wave, we wanna see as a country, as a world, right? As a capitalistic market of doing business, how is it going to affect business the second time around? So I think we'll get our answers somewhere around, you know, late October, November. So everybody obviously will have their fingers crossed. But again, from the historical standpoint of what this market is doing, considering what is happening in the world is just absolutely remarkable. And again, every single day I go into the day saying, look, I'm still buying, right? I still love the market. I still think the strong stocks will get bought. They'll get bought on dips, right? Into rising support. They'll get bought on breakouts. But the most important part, again, like I say, every single day at Morning Strategy, we always have to be conscious of a potential rug pull. We saw that rug pull coming today. We had two names specifically that we were watching and those names got murdered along with everything else in the first hour. And the moral of the story is tomorrow's a new day, right? Again, we can't possibly predict what's going to happen. I have a list of longs. I have a list of shorts for tomorrow. I'm in good both sides of the market. I doubt, and the reason why I doubt you'll see a lot of aggression tomorrow. From names like, maybe names like a Netflix or maybe names like an Apple or Square. Again, if you look at all their charts, they're kind of like not here, not there. They're a no man's land. They held, if you look through charts, you'll start seeing, these stocks held very, very well and they reclaimed their five day moving average. But if you look at the 60 minute charts, right? They have a lot of work to do. Square and Roku, although Roku is setting up for a very, very sneaky channel for tomorrow. So I'm open minded for both sides of the market, long side, short side, but it's very, very impressive guys. And again, so many people doing well. Investors, traders, and again, eventually this market will come to a really screeching halt especially the average range, but you really do have to appreciate, and again, I don't care what kind of trader you are, you really do have to appreciate how amazing, amazing the action is. So let's talk about today's session. Again, obviously I'm bullish for tomorrow, very, very specific names. I do have some names that I like to the downside, but there is a very good rotation. Look at the Dow Stocks guys, again, look at the Dow Stocks, there's only 30 of them. It'll take you three minutes to go through them. And I also like names like a Microsoft, that are a nice pivot today, like a Facebook, like a Walmart. If you guys recall, there is a TikTok kind of deadline. Okay, I believe Trump said, I forgot what day it was, that there has to be bits for them. Those are the names that did not get pulled today. If you look at like a Facebook, for example, it held up very, very well. If you look at Microsoft, you know, closed at 52 week highs today, even Walmart, which again, for the life of me, I came in the stand with their whole premise of the whole TikTok things, but again, it held up very, very well. And again, it really does show you how important a platform of TikTok is, and it really shows you how speculation money is willing to bet. Matter of fact, today we saw a really aggressive call buying in the weeklies of Microsoft, the 3250s. Again, anticipation for a possible bid. We saw a late day or late afternoon, really aggressive call buying. If you look at what Facebook did towards the afternoon, you could see, look how aggressive, right? Look how really aggressive the move up was. We saw 302 calls, 305 calls, 310, 50 calls on the weeklies. So again, a lot of good speculation money continues to roll in the market. Some days they might not reflect your specific sweet spot, whatever kind of trader you are, but ultimately again, if you are a patient, good thing's gonna happen. So let's talk about today, again, very aggressive. I think it's the best way of saying it. So let's talk about this, right? Let's talk about this. So 10, well, let's see, what was the first one? Yeah, this is from last night. So I made this point, okay? I made this very specific point. And for all you guys at home, especially new traders on the standage, is only one breakout for a stock, okay? If a stock breaks out of 10, the breakout is 10. When the stock's at 12, 13, $14, $15 a share and it's screaming very, very aggressive, it's not breaking out anymore. People will use that term incredibly loosely. And the higher stock is above its breakout level, the higher probability it will fall if you start chasing up improper prices. Exactly that's what we saw today with this very aggressive rug pull. So just understand there's only one breakout for the stock, everything else is continuation. So here is the trade. This was definitely the move of the day. This is the first time I traded Tesla, probably about a week and a half. It was pretty cool, man, it really was. I love the liquidity. I love still the average share range. Again, I don't know how long this average share range will last because it's still very, very fresh in the whole split cycle, but I love the liquidity. I love the spreads, the aggression was incredible. We shorted this thing today. I shorted this thing today to the downside. It was a great move that I brought it back on a remount. It was a great move. So this thing was great today. And again, Tesla, again, what it's all said and done, this will go down in the record books for any stock that ever traded. No matter how it ends, Elon could do double murder and kill everybody. Or the stock could be one of the greatest stocks in our generation. We'll see, we'll see how the story plays out. But until then, 470 line in the sand held out twice. Again, why 470 was so important? If you look at the 60 minute view and my 60 minute view e-signal for some reason has just not updated my Tesla chart after the split. But here is the 60 minute view, right? This is where we were looking at. So here is the 470. This is the big number here. I said this thing starts building below 470. It can flush. It just got murdered, just absolutely murdered. I thought it was a shot it could get down to 395. It got down to 405. I mean, really, really incredible move. Congratulations for all you guys who did catch that. That was definitely just a phenomenal move. Zoom was awesome, okay? Zoom held 444 twice. If it builds below, it can flush. Again, Zoom, there's nothing wrong with Zoom. Again, the direct beneficiary of the whole stay at home movement. But again, it's just a pure case of gravity. Stocks get higher. That's what we talk about, a buyer strike. So here's the two candles that we talked about, right? Right over here. 444 was low here. 444 is low here. And again, we talked about a 444 if it builds below, it can flush and smash. Just absolutely smashed one down to 410. So great move there. Really, really great move there. It might have a second day tomorrow just because of momentum, but beautiful move. FMCI, we talked about FMCI. I noticed these shell companies. That's what they are. SHLL, SPAQ, they're all breaking out. And I said, look, 1885-19 needs to build. It's exactly the same group. Basically, if you miss this $19 area, $20 is a macro breakout from the June 17 highs. And FMCI went nuts, just really crazy. I mean, look at this move on FMCI. Just went absolutely nuts. It took out the 19, took out the 20, and damn thing almost traded the $24. It's a huge move there on FMCI. And this is where I started putting in a lot of pivots to the upside just in case. And you can see the high flyers all got murdered. FSLY came nowhere close to 100. CRM, yes, there was a monster pivot towards the end of the day. It gapped up to the 285 area. And I said, look, for all you guys who have runners or looking to re-enter and need to reclaim 285, obviously came nowhere close to the 285 area. Billy traded right to that 54 area and died. Roku went really quickly, rejected three times pre-market. 182 needs to build to reclaim just for cashflow to a possible move to 184.50s. Again, nice move on Roku. There was nothing wrong on Roku. So here was the, you know, here was the 82, right here. You see all these channels here, right? 182, 182, 182, 182, and broke 182 and right to supply. I said 184.40s, 184.60s, went right to 185 again. It's incredibly important to understand where your supply zones are. So good move there as well. Alibaba came nowhere near 301. Beyond, you know, failed again at the 136 area. So, I mean, phenomenal move on Roku. ZM destroyed perfect move, perfect, perfect move on Tesla. And again, what's great about it, it, we traded this thing both sides, okay? I shorted this thing, did well, bought the remount. We both, all of us in the live webinar did incredibly well with this thing. Just a great, great trader. Big move on FMCI. Microsoft broke out today. 231.15 needs to build. They're coming in for the 234.50s. You know, nice move, nice move on Microsoft. I still like it for tomorrow. Again, fantastic moves. Really, really fantastic moves. And here is the pivot towards the, here was the pivot in the afternoon. 447, 448 needs to build. It traded to 451.5 before selling off again. But again, the afternoon is going to give you some cash flow. And that's it, and that's it. So, look, I think again, the market is really good, okay? Are you going to get, you know, are you going to get everything you want out of the market every single day? Probably not, okay? I think the greatest gift you have is the ability to sit on your hands until your process gets highlighted. And when it does, usually good things are gonna happen. But in the meantime, you have to be a statue. You have to be still, sit in your hands until you find that really good green light. Guys, have a great night, everybody. Please arrive to Morning Strategy tomorrow at 9 a.m. And God bless, I'll see you all tomorrow. Take care.