 550-550 if it builds below can flush and the video got hit pretty you know pretty aggressively as well Here's the whole channel right here, right? Here's the whole 550 channel and it got hit pretty aggressively All the way down to the 536 level. I like it for tomorrow. You know if this thing confirms tomorrow 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 calm Nightly update. How is everybody's day? Hope everybody did well today. So let's talk about the weekend video I thought I made a pretty decent compelling case why I was I don't want to use the word bearish At least I was so biased today on beta names again. We saw last week Not only did a lot of names did not participate. We also saw a lot of names that were very very strong That continuously got upgrades and again kept on using Netflix as an example like Netflix was a perfect example That we talked about stock got you know upgraded Three days in a row literally three days in a row on last week and every single day They got sold so what happens this morning? Logically they get upgraded again. We'll get to that in a second But I want to talk about the macro number and exactly what is going on in the market and why I think tomorrow Could be a very very important day. So The market gapped up today. Okay, I'll be a pretty decent amount pre-market And the one thing that I wanted to kind of pay attention to what these beta names were going to do on That gap up again. We talked about a potential Backtest right into the area where they broke out. That's exactly what happened today But the most important part was we want to see how the headlines were it was going to affect So that this is how crazy the media is so CNBC reports again I'm sure it was Bloomberg and Fox and everything else in between But the market is rallying pre-market markets rallying at the open because of optimism of a deal being done This afternoon the market sells off while the market is pessimistic because a deal might not get done and again Pelosi and everybody else in between Apparently they set kind of a line in the sand for tomorrow if a deal doesn't get done We're not gonna get it done So they sell off the market and you know what's gonna happen tomorrow morning tomorrow morning the future is gonna Rise again, and they're gonna talk about optimism that a last-minute deal will get done So we are literally hanging on per headline, okay? We're literally headline from headline away from either boom or bust But again the most important part before those headlines even hit again Just listen to just try to listen what the market is trying to tell us So I think this sell-off today was not because of the fact that a stimulus deal Won't get Simon time. I think again. I think both parties want a deal sign again. I think maybe Just kind of an ultimatum a line in the sand for tomorrow, you know, you know something's gonna come out overnight You know Trump is in a comment at some point this evening or tomorrow morning that a deal is gonna get done And the future is gonna rise again, but in case they don't in case that headline Does not even come close to the table. We want to make sure where we understand where we are technically So we got the back test right we talked about the back test into this rising support where the market broke out Remember we've been talking about this for nausea that the 283 level that the Q's broke out of and now we finally got the back test today Into the rising support where the Q's held roughly around this $23 level. So this is a good thing Okay, so basically what could have been prolonged for two three days Got exercised and really pretty much done within one day. So we got that done So the question is what happens next, okay? I think tomorrow is gonna be a very important day If we gap lower, okay If we gap lower and we continue to have selling pressure We can go down all the way down to the 280 level the bulls don't want to do that Okay It's very very important that the bulls kind of hold on to this 283 level especially if we do get a gap down It's imperative that the bulls kind of remount This 283 level and go higher because again think about how long it took the bulls to get out of this range right it started from September September the 10th and we finally got out of this range a month later So it took a month right it literally took a month to get out of this whole range That looked really really iffy for a very long time to finally come back to this range and now the bulls must okay It's not really a subjective argument here. The bulls really must defend this level. So yeah tomorrow I think is a pretty important day because again if they go back into this range and close below this rise in support again This is the future right this is literally the future again. I'm not trying to scare anybody This is just technical basic technical analysis because again if we don't hold on to this 283 level tomorrow by the close And we confirm it going lower than the next stop right here is 280 any close below 280 Which is the 50-day moving average again so forth and so on and so on until we go all the way to the bottom of the range That's why I say tomorrow's level is kind of important and when you're charting today You'll notice some things right you'll notice. There's not obvious shorts Okay, they're just not obvious shorts look there's some beta names That definitely look like they're about to to get hit and we'll talk about a few of them today that we had on the pivot feed But again, we are in the beginning of earning season tomorrow Netflix kicks off After the close and then so forth and so on we got Tesla coming up and then next week Amazon and Apple and so forth And so on so you're not going to get one of these ten star overnight plays That you'll be able to look at the charts tonight and turn around say this is a clear short But again, we have to use the cues as a very very Important line in the same because if the cues go all the components in the cues will go after it and again This is my point of things not obvious if you look at Amazon for a second right again Amazon still really needs to confirm this whole channel to go lower again. That is no slam dunk You look at Apple for example again Apple made it all the way down to its rising support Yeah, look if it confirms tomorrow, is it a clean shot back to this the 113 level? Absolutely, but again, you're gonna find a lot of names that are not obvious like a square, right square That's still hugging its hugging its support You have a names like Microsoft for example again, even though it came lower today There's a lot of support that's following it So the market is gonna need to do a little bit of work and nothing is going to be Really decided tomorrow, but the one thing that we really need to cut to really understand if we do close below The 283 level then slowly but surely we're going to start getting much clearer Short setups the following days the only monkey wrench in this whole equation is again company Hasn't has a really bad looking chart. They came out. They come out earnings They you know now take up the whole group. So again, there's a lot of if then scenarios There's a lot of moving parts just because of earnings just because of the cold cobit thing of stimulus news So you have to be very very flexible Especially if you're new traders again, you don't need to be aggressive in the next several days Let things play out a little bit again You don't need to have 35 trades a day catch what right if one is available and it meets your Criterion and fits your process by all means but again, you have to be a little smart about it There's so many moving parts right now that could throw a curve ball at you at any time and again I say I've been saying this all the time avoid the afternoons try to get as aggressive as possible, you know Value given in the mornings. You just leave the afternoons alone again Look what happened today in the afternoon full cell full cell mode rug post. So again going into tomorrow We wanted definitely watch that 283 level Above and below to kind of give us more clarity for the next day So let's talk about today's pivots and again, you know, we started the day We talked, you know, I had some notes. We talked about the Netflix upgrades, you know, all these days in a row So, you know, I felt I felt was a really good trade there Okay I caught a pretty decent today not as much as liquidity that I wanted because again sometimes Netflix trades sometimes a dollar spread, which is crazy considering what it used to be Maybe this maybe this thing finally needs it, you know, maybe needs a split Maybe needs a little bit of liquidity for it. They do come out with earnings tomorrow So I kind of want to avoid on Netflix tomorrow because it is me a lot of people There's going to be a lot of people dip buying it tomorrow at any point The last thing you want to do is get caught on a squeeze, you know, depending how the stock looks So basically 310 needs to build talk about Ali Baba pre-market 310 needs to build Baba gave a really strong move right at the open, right? So here is the 310, right? So here's the whole 310 channel, right? The whole 310 channel and just shot up right here almost to the 314 And again, here's my point even the strong names that started out strong lost their ranges very very quick So if you did if you did catch Ali Baba, good job there And this is you know, this is definitely my trade for today on Netflix upgrade in now fourth day in a row And again, we don't know what's going to happen after earnings, you know Tomorrow they could come out with some blowout earnings the stock would go to 700 We don't know where again, we're just talking about day by day Netflix upgraded fourth day in a row previous three days were sold for experienced traders only Watch the green to red short setup note. This isn't a pivot. This is just the momentum 530 needs to confirm down. That's where I got short. I see me. I got shorted 531 that opening range low And the stock got hit pretty decent. So the 530 low when hit Traded all the way down to the 2525 area pretty decent move again. Just liquidity Was not the greatest. So again, it is what it is Beyond held the bottom of the range and there's actually a two-sided trade setting up for tomorrow So if you look at the bottom of the range, I like that 82 level and it held pretty perfectly here So I like I kind of like beyond both sides tomorrow. You can see the bottom range here Very very definitive. It was pretty much put in the double top a double bottom today But at the same time today it put in a triple top as well So something I think has to give on beyond right either the bottom of the range Confirms tomorrow goes lower or the top of the range off this five day confirms and it goes higher So we definitely want to pay attention on beyond. I'm very open to both sides On the video got hit 550 555 is it was it was 550 50 not 500 550 50 550 if it builds below can flush and the video got hit pretty pretty aggressively as well Here's the whole channel right here, right? Here's the whole 550 channel and it got hit pretty aggressively All the way down to the 536 level. I like it for tomorrow You know if this thing confirms tomorrow look at which room we have down There's a lot of room down guys remember that again stocks trade from support to support So if this support gets taken out look at which room you have down So we definitely want to continue to watch Continue to watch the video Baidu really didn't do anything again not a lot of strength in the market Baidu took out that 33 Went to like, you know 33 and a half nothing and then just reverse course and again It really did show you how weak a lot of these names were and that's the whole point why I'm very very You know, I'm kind of leaning through the downside tomorrow on a lot of names But again, there are some upside potential as well So again, we want us to be very very nimble for tomorrow Team continues to be a pretty big monster here 213 214 needs to build After friday's big breakout Here was team right here was team Took out that 213 level went to 216 Again still looks good. This is one of the names that still looks very very strong The name that again you should be definitely watching to buy on dips DDD seven dollars needs to build Not my thing, but if you did take the trade again, took you know took out seven went to 720 Again, it's 20 cents good on a seven dollar stock. I don't know, right? I don't know But it does look good first close over this whole formation if it does confirm There's a shot it goes to the 750 level. So again, not a bad-looking chart Go go really didn't do too much 1170 needs to build went to 12 bucks and that's it right and that's it Ironically the most amazing part of this was I really thought there was going to get another Move back to the 12 dollar area. We saw a pretty decent On november 14 call buyer step in so again, we definitely want to set an alert for this 12 dollar area But again, it's not going to be in play anytime soon So netflix again take on the way down again. I said 525 526 Is potential went to 2538. It's a really nice move there on netflix Take on the way up right take on the way up Big move on nvidia take on the way down And then yeah, I was watching beyond didn't get through and there was a nice little cash flow move On pins towards the end of the day 45 90 46 needs to build Went to like 46 40. I still like it. It actually looks pretty good pins Nice break. I think then the gerions covered it on cnbc Unusual option activity this afternoon and that is it So, you know, we're kind of set up for tomorrow. Okay, I definitely want to be limber There's definitely some longs. I like there's definitely some shorts. I like again I think the most important part is to kind of get through this period again We have elections basically in two weeks. Okay. I would advise especially the new traders You know, look if you have to not necessarily sit on the sidelines But if you have to kind of decrease your activity, it's pretty smart Or if you are going to Train normally again allocate those three four hours in the morning and just let the market play out in the afternoon Again, there's just so many different News blips that actually hit the market. It's pretty pretty intense and again as you see By the afternoon flush in the market again, this this move on the cues, right? Didn't come at 10 11 o'clock in the morning You know 12 o'clock in the afternoon it came, you know after 2 3 o'clock So again, that is when you're completely exposed to headlines. So guys have a great night everybody God bless everybody. Stay healthy and I'll see you all tomorrow