 I'm still finding a lot of value to the downside because again, the most important part is gravity is real and we're trying to take advantage of it. 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 accessotrade.com Nightly Wrap Up Show. Hope everybody is doing okay. So we got two days left in the year. The markets from the indexes point of view is doing exactly what we thought. You're not gonna get a definitive statement from the bulls or the bears, which way the wind is going to blow because again, majority of people have closed down their books and they are done for 2020. Matter of fact, I haven't taken literally a day off since this whole COVID thing started. So New Year's Eve, I'm actually going to take the day off. Look at this, I'm treating myself, right? But more important folks, I think again, going into 2021, like we talked about, I think a lot of new traders have this almost entitlement that again, we expect another bullish run in the market. Again, maybe we will. Again, we don't know, maybe we will. But again, if you've been watching the video, especially in the last two, three days, I think I made a pretty good case of what happens when you expect things and then reality kicks in. And if you've kind of been watching the tape for the last couple of days, you've seen some pretty decent similarities that we've been talking about for the last several days. Number one, all the high flying names, whether they were up 20% for the year, 2,000% of the year, you're starting to see very, very aggressive pulls. We've seen now two, three days in a row. And why is that important? If you looked at any market short for the last two, three weeks, you would have got murdered, right? There was literally been no, it felt like there's been no down ticks in the market for the last month. It's been absolutely amazing. And if you look at what the market's been doing for the last several days, from the index point of view, completely flat, but from the individual names, they're just pulling them one by one by one. Now again, you don't need, and this is kind of what I really want to convey. I think a lot of new traders, when they heard me talk about on the weekend video, that hey, don't get trapped, the market's gonna crash. Nobody's calling for a market crash, okay? But let's just put this out of the way. Nobody's talking about a market crash. The market doesn't have to crash for your individual stocks that you bought at really bad levels to put you out of business. And that's the most important part. So when you look at names for the last several days that've been pulled down, right? The zooms of the world that had a really big, five-day move, put it in an inside day today. The pelotons of the world that had a really, really big move and for the last couple of days have been sold, right? Some names like this, BIGC that I shorted some today, a nice little trade there is coming really apart. BYND now, back-to-back days, they've been selling the stock, Square, right? They had a big, big run and really big moves. Now again, you can turn around and say, look, this is something or this is nothing. You can make, and I can make a very, very compelling argument that this is just regular profit-taking, right? The market is going into the names that we talked about. The really big mega cap stocks that did nothing for months and they finally woke up. So for example, yesterday was that pivot 3250 on Amazon and Amazon went to 3350, exactly the next supply. Facebook that we discussed yesterday had a really big move. Again, we'll talk about some of the pivots in a second, but the more important than what we're saying is what we need to prepare for it and that's the moral of the story. Again, I don't care to be right. What's my worst case scenario, right? These stocks don't sell off in the first quarter and what, we buy stocks? Oh, how scary, right? So nobody cares about being right or wrong, but the moral of the story is it's time to get prepared, right? And I think a lot of traders, especially new traders continue to kind of trade rose-colored glasses and all they're preparing for is this euphoria that's gonna continue in 2021. God bless, I hope so, right? Believe me though, I'm the last person who's going to turn around and say, no, I don't want these stocks to go higher. That's crazy. We trade with the market, we trade with the market momentum and the 2020 has been a phenomenal momentum play for a lot of groups. But again, the only thing that we're saying is, look, just forget about all these stocks and we've been kind of reiterating the point for the last three, four days especially, forget about these really high-flying stocks. They're in orbit right now. Again, they're gonna be the ones to pull. Concentrate on the stocks that are coming out of the ranges, right? Like the Amazons did and the Netflix did today, which I completely screwed up, but again, it's a whole different story. And again, don't get caught off guard. Again, being right in the social media world, nobody cares, right? Nobody cares. If you're doing this for clout or for likes or for views, you're doing it wrong, right? If you're trading capital, your hard-working capital that you believe that should come back to you, right? At every single day, you're going to take the responsible route. And again, nobody knows what's gonna happen in 2021. A lot of people have opinions. A lot of people have different theories. That's fantastic. That's great. Price action ultimately will make us right. And if the price action is strong, you know what? The market will continue its rise for 2021. If the market gets tired and the buyers go on strike and all the high-flyers start coming in and taking down very, very creative channels, then hell yeah, we're gonna get a big, big pullback. But again, at least we wanna prepare. Not only the new trades, everybody, right? We wanna make sure that you're in the right frame of mind, that you're keeping one eye open, that you are paying attention to technical levels. And again, nothing aggressive is going to happen in this market until the cues really start losing, you know, some big spots. Like for example, the five and 10-day moving average, look how far we are again. Nothing here is going to show you how weak the internals have been for the last three days, especially for names that have been really up in orbit. But again, if you've been trading actively for the last two, three days, you kinda know what I'm talking about. And if you look at the pivots today, I believe we only had, I only believe we only had several long-bias pivots. And again, yesterday was the first time in a very, very long time that I put any short pivots into the feed. Today was day two. And again, if you look how the market's been trading in the last, let's just call it in the last month, untouchable on the short side. Don't even think about shorting stocks. You'll get absolutely run over. The last 24 hours have been completely different. Stocks are losing their channels pretty quickly, pretty aggressively. And when the option market kicks in, right? For example, like on a QS, we'll talk about QS in a second, when the options market kicks in, these stocks are really being taken down. So again, the message continues to be nobody's calling for Armageddon. Guys, nobody's saying like, I had a guy tell me after the weekend video, you're right, Dan, the market's gonna crash. Who said that? Who didn't even think about that? Nobody's talking about crashing. Nobody's talking about anything. We're just trying to prepare people for what people weren't prepared for, including myself and all my friends, in 2020 when the .com market burst. That's it. Just keep an eye on technical levels. Make sure that again, if you are holding any type of inventory, the indexes are measured to support your theory. That's it, nothing more, nothing less. Trade both sides of the market. One day at a time, one trade at a time. So if you look at the pivots today, again, a lot of them were to the downside. The only couple were to the upside were Facebook, Amazon, and Google, which didn't confirm. But overall, again, pretty solid day, pretty good value, especially today on the short side. And again, kind of going into tomorrow, I expect pretty much the same type of thing. You're not gonna see really a lot of fear or conviction one way or another. You're probably gonna get tight channels, but the most important thing is, again, trade one trade at a time. Again, don't try to macro opinion when there's literally 24 hours left for 2020 to expire. So let's talk about today's session. Again, that 3250 area yesterday was the big number, kind of the big catapult for Amazon to go. Really big move today. Again, congratulations to all you guys who held it. It still looks good. They're still coming for, for some reason my charts are not working here, they're still coming for the 3300, the 3350s, the 3400 weekly calls. So a ton of call buying still in the name traded right to supply here today. We talked about potential landing spot 3345, 3350. The high of the day today was 3350. So really, really big move there on Amazon. As you can see right here, here's the spot 3345, 3350 next supply. It hit it perfectly. Facebook was very, very strong today. Again, 27750, 278 needs to build. Here was Facebook had a really strong move before it got pulled as well. So here was the, the 7750, it pretty much engulfed yesterday's move. 7750 traded all the way up to 80 and a half. Again, nobody's saying this thing was gonna break out the 52ic highs, but again, it stopped that supply and rolled over. Again, another kind of big deal. If the stronger names that didn't rally starting to, and they get rejected, something just to keep an eye on, same thing that happened with Apple today, although Apple's been on a magic run. So again, we gotta just keep an eye on everything before we worry about the macro area. Roku again continues to be sold 339 support if it builds below, can flush more. Again, not a huge move, but again, you can see how these channels are being violated, right? So here's the 339 went all the way down to 332. And again, if this thing starts confirming 332, it could get into the 320s just like that. So again, guys, don't be naive. Stocks go up, stocks go down, and gravity is very, very real. ZM I still like, put an inside date today. Didn't trigger, Google didn't trigger it to the downside. And again, here's a prime example of QS. Unfortunately, I didn't have a locate for this thing, so I got shut out of this trade. But you saw how quickly these stocks pull in, especially when buyers come in and the options market on the put side, very, very quickly. So I said, look, if you have a locate or you're an option player, 108, if it builds below can flush, a buyer jumped in, put $1.4 million worth of premium on the table for the FEB 80 puts, and this thing got murdered. Again, why wouldn't you think it got murdered, right? So here was 108, right? So here's the 108, got all the way all the way down to 94. And again, when you have a run like this, right? When you have a SPAC name, or whatever the hell this thing is, when you have a run from 10 to 130, I mean, is it really a shock that these are gonna be the names that are gonna get pulled? Of course not. This is where the value in the market is as of right now. Again, not enough juice because the market ran so much. But again, you don't need fear. You don't need the indexes to crumble for these stocks to really take a beating. And that's exactly what we saw today. So if you guys got it, congratulations. BYND is a pretty nice trade. Short of this thing, 126.30, 126, if it builds below can flush more. Yes, they obviously got destroyed. Here was BYND, took out the whole level and traded all the way down to 123 and changed. And again, I don't think this thing is done yet either. This thing starts building below 123 and a half, 123. Why can't it go to the 52-week lows, right? Again, there's a lot of room here. And again, if you believe in values to the downside, especially in a lot of these names, again, something to definitely consider for the next week or so. NET, another big move. I still think this thing goes lower as well. 77 if it builds below can flush. Again, not a big move, but again, it's slowly coming down, right? Slowly coming down here. You can see yesterday was the first close below the rising support. It took out the 77 trade to like 75 and change. But again, if this thing starts confirming down, look how much room you still have to the downside. Again, that's my point. Value continues to be at least to the downside for now, right? So BYND perfect, 123.50 is next stop, went to 123.88, Amazon again, here are the weekly call buyers to come in. So the moral of the story is folks, again, I'm still finding a lot of value to the downside because again, the most important part is gravity is real and then we're trying to take advantage. However, there are some names that do look good. I mean, Tesla still looks really good, right? It's kind of hanging out here. Here's the 60 minute channel. If Tesla could start building above this channel, hey, why not? Why can't this thing go back to the 681 area from last week's side or the 695 all time highs? Even a SPAC that we traded last week, E-O-L-S, oh, excuse me, E-O-S-E, right? Had a really big day, consolidated for three days and took out the channel. Again, if it starts confirming today's highs, maybe this thing goes more, but again, there is a lot of value still to the downside as well. Peloton, again, you look at Peloton, it stopped at the rising 10 day moving average if the 10 day gets confirmed. Again, we saw weekly 140 buyer comes in, 140 weekly buyer to the put side come in. Again, this thing can go down. I still think ZM, again, it just had an inside day today. If it starts confirming the 150 day moving average, this thing can go down. So again, nobody's calling for market crash. It's all about one day at a time, one trade at a time. Again, guys, we're not trying to recreate the wheel. There's only literally two sessions left to 2020. Let the market dictate to us what we think is going to happen. Again, nobody has an idea, everybody has an opinion, but more important to key to the goal game is stay in business. Guys, God bless, I wish you all the best, and with God's help, I'll see you all tomorrow.