 number one, doesn't need to reflect in your specific process. So it's your job to identify the two, three, four stocks of the day. 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 the AccessaTrader.com Weekend Update Show. Hope everybody is doing well. So let's talk about the markets. This week, this past week was a shortened week. Obviously, we were off on President's Day. A lot of people probably felt like it was probably one of the longest weeks in a while just because if you watched the videos just for all this past week, we talked about distribution. Again, for all you guys who are just joining us for the first time, distribution is a very, very ugly word in the Trader's vocabulary. For those who don't know what that means, it's basically buyers and sellers trying to seize control of the macro picture. And when you look at a linear market like we've been having now, for the last, you can make it even argument for the last four and a half years from the Trump administration to Connolly currently where we are today, you can make an argument that the market has been incredibly resilient factual stats, despite a global pandemic and all that good stuff. But eventually, like everything else, buyers get tired when the market continues to go up linear. And the way markets get tired of selling, for example, during the 19, excuse me, in the 2008 mortgage mess, sellers got tired as well. So by 2009, there was a generational bottom. So markets don't really need a reason to kind of stop. But through all that comes something called distribution. Distribution, again, is the seizing of control of buyers and sellers. This usually has about, you know, three to four times a year, once every quarter or so, that things kind of come to a stall in the big tech world, right? In the big tech universe, stocks in general that are not quote unquote, the high flying PR names that a lot of people are chasing. And they're basically in that little window of about a week or so that they can't get going, or some people will call that the chop. So Tuesday, we started the session. Tuesday was a very, very good organic session. Again, a few guys have been watching the video for the last two weeks or so. I've been kind of sell bias on Tesla, not because I don't love the company, I don't think the stock's going zero. I love the company, I love the stock, I trade it both ways. But, you know, we've been talking about this kind of rolling top for a while. And last week, we finally started breaking down below this 800 level breaking down below the 780 level, and finally got to move down all the way to 760, which obviously now becomes a very, very big line in the sand. So Tuesday was good. Wednesday was fine. There was nothing wrong with fry. We're pretty decent pivots. But what we started seeing by like Wednesday afternoon, channels were really contracting. And, you know, for a name, for example, that would have an $8 range for the day, all of a sudden was putting in a $3 range for a stock that, for example, like a Netflix that would have an $11 range for the day would have a $4 range. And we started seeing these channels contract. And the one thing that I've always talked about over and over in nausea, that again, the market is open, every single stock trades. We talked about this on Thursday's video, every stock trades, every stock is open for business, every stock is going to make a move, but not every single stock is tradable and 99% of the market who is trading throughout the day is not in tradable form. And that 1% that is tradable, number one, doesn't need to reflect in your specific process. So it's your job to identify the two, three, four stocks of the day that you possibly can trade and have a good value. And that's where Thursday came along. Thursday, they just wasn't any value. And this is the first time on Thursday's session that I could remember just sitting there the whole day and not putting on a single trade. And I've always maintained this fact, the market's open, that's great. But it doesn't give you a right to kind of put your chips in the table unless you're getting premium hand. If you don't have a premium hand, don't trade that there. There's always going to be value, maybe the next day, day after that. And Thursday was the first session. And I mean, I can't even remember how long that I sat there. And pretty much was a statute that not put on a single trade. And a lot of people, especially when you're a new trader, will look at that and be like, wow, that's crazy. That's a position of weakness and it's not. That's a position of strength. That's a position of maturity. The only time that you have the right to kind of sit on the sidelines when the market is not spotlighting your process of spotlighting the stocks that you trade in the direction of that day. Because again, no day is going to make your career. You know, you could have that one generational trade that will make you a lot of money. And it's like, again, it's like hitting Powerball, right? You can only hit Powerball or hit the Lotto or hit even hit big at the Blackjack table. It's not going to really impact your future. It might make you monetary hold for the time being or a short-term interval in your life. But it's not going to set you up for life. So I've always maintained that no trading day is ever going to define your life. Make you happy, yes. Make you feel a little bit better at night, absolutely. But there's a better high probability chance that an individual day is always going to set you back, mentally torture you, deflate your ability to have confidence. And that's what we drive. We drive on confidence. We drive on process. And once I started seeing that there was no value for me on Thursday, I completely stopped. And I was completely right because that distribution channel, that shop fact that a lot of people call it, really came into effect. And I think I've never been so proud. I've gotten, I always get tons of emails throughout the day. And there's usually the days that you have this really tremendous value in the markets. And you got one pivot going up, $6, one pivot going up, $8, whatever the case may be. But I can't tell you how many people I got emails from, from Thursday and Friday sessions saying, Oh my God, I can't believe I had the ability to actually sit there and not do anything. And that is a great step of maturity. That is exactly what you need to really extend your shelf life as a trader. If you're in the social media mentality that believe that every single day you open up your computer and there's 36 stocks to trade, you're going to be, number one, you're misinformed. You're misinformed. That's number one. Number two, there's not those stocks that are running all over the place. You lost value because the stocks already made their moves. And guys, remember, just as kind of as a tip. And I know a lot of you guys are on social media. By the time you see somebody talk about a stock on social media, you missed your entry, right? That's these are facts. You missed your entry. The stock is in the middle of its channel, whether you're trading a mega cap, high beta name, like I usually trade or the smaller names, whatever the case may be. As soon as you see something posted on social media, I don't care what site it is, you missed your entry. You are chasing the interval, whether it's long or short. And sometimes you will make money and sometimes you won't. But that's a 50-50 proposition. If you put in the time and actually look through the charts, you can find that chart. You could find that gem before it makes that move before somebody's putting it on social media. You don't need to ask somebody, where do you see the stock going? All you need to do is look at a chart in the same way that you have the ability to look at somebody's tweet and look and say, oh my God, the stock is moving. You had the same ability the night before to put in the research to find that stock before it moved. Again, we're not looking for the hot stock. We're looking for the chart that if it confirms becomes quote unquote hot. And so by the time that you guys are seeing it on social media, the move is gone. You missed your entry. You're in the middle of the cycle. Maybe it works. Maybe it doesn't. So for all you guys who are so in love with the social media celebrities and that's that and so forth, do the work. Do the work. There's no cut corners. Make sure you're putting in the time, especially this weekend. In Northeast, there's like 65 feet of snow. My backyard looks like a ski lift. It's terrible. So you have all this time. It's zero degrees outside. Put in the work, spend a couple of hours backtesting, spend some time charting. You'll see some value. And for all you guys who did email me on Thursday, again, I'm incredibly proud of you guys because again, you didn't need to put your chips on the table with a two seven offset. You didn't need to put yourself in a situation that you are trading with a hopes and a prayer that your trade works. The value was gone. The channels were shrinking. The channels were contracting and always remember, and this is and this is something for that you could take away from for the rest of your trading career. Doesn't matter how long you choose it to last. There's always better value in other days. You don't need to cram everything in one day. You don't need to cram everything in one hour. If you're looking for a long lasting career, 10, 20, 30, 50 years, always think of the long game. And Thursday, it was the first time in years, I sat there. I said, look, I'm not playing this two seven offsuit. There's nothing that I wanted. There's nothing that I need to trade. And again, I get it, right? People wake up, especially in your first couple of years, you wake up, I'm dying to trade. Is it Monday yet? All that crap, it doesn't work that way. Everybody who's been trading for a long time understands it doesn't work that way. You're delusional. You're living that euphoria honeymoon stage that you have in the market thinking that this is something normal and it's not get to work, think of the long game and always measure yourself against yourself. Again, you'll never emulate another trader. You'll never duplicate results of another trader. You'll never be another trader because everybody's built completely different. And it's all about your personal growth. So the idea that you have to trade is false. It's a myth. You don't need to trade because the market's open. You need to trade because you're getting value. And Friday came along and it was night and day, right? It was absolutely night and day. So 15, 20 years ago, a day like Thursday, I would have completely brushed off as another normal session. I would have chopped myself up. I would have been mentally broken for Friday's session and I would have missed the value. And if you look at Thursday versus Friday, it was night and day. You did get value. You had value in beta. You had value in SPACs. You had value in small cap option order flow. And that's kind of what you need. You're waiting for those whole cards. You're waiting for those premium cards. So the day in the week actually ended off very solid, right? Really, really solid. And going into next week, you have to start thinking about what happens next. Let's talk about what happens next year. So we have the cues. We've seen the weakness in the market now for a pretty long time in the tech space. One day, you'll have Amazon really showing leadership, resilience, doing absolutely great things. And then the next day, right, the next day out of nowhere, we'll take a nose dive, which is very, very remarkable considering how really good that channel was. And again, it really did show you how weak the tape and technology really is. You have Tesla, right? For the last three weeks or so, is just putting in this rolling top. Again, we've talked about these levels in nausea. And now we have a very definitive level to the downside of Tesla coming up here, which again, we'll talk about throughout the week. But the point is you see the weakness. You see the buyers being tired. And then does it mean the stock is going to go to 650? Of course not. It's absolutely naive to believe that you know what's going to happen with the stock before it starts confirming levels. Here's the level here to the upside here for the bulls to kind of reclaim a little bit of control. And here's the level to the downside that the bears, if they continue to climb and they start to really take control of Tesla below this channel, then you have a lot of room to talk about. Amazon as well. Earnings are out of, earnings are completely out of the equation now. The only thing that I think can save this thing till next quarter for doing something at least, right, is a stock split. I think everybody has been talking about that split. I don't know where it started from. I'm running with it just like everybody else. But let's be honest, this stock really needs something to wake it up. It's in its dead channel here. It's doing absolutely nothing. It gives you like three days a quarter to get something out of this thing and then falls right back here. So it's absolutely doing nothing. Facebook, which I caught Friday pretty well. Again, here you had the big move up on earnings came back down here. It's still sitting this really, really ugly channel. But you could see the weakness developing in a lot of these names as well. Alibaba had that one two-day run going and came back right into the channel. So distribution is here. The channels are tight. And if you are strictly a mega cap trader, you've seen this. You're witnessing this. You're frustrated. And this is why we've been saying now for two, three months now, you have to kind of conform to where the market is right now with the SPAC names. Names like, for example, like a PSAC that I still really, really like. I'm waiting for this channel to confirm a name like BWN that kind of really is ready to go. This thing is ready to go. GSAH, we'll talk about the pivots in a second. We have this thing as a pivot on Friday. The SPACs are where the money is right now. And you can turn around and say, oh, it's not nonsense. It really is. The only nonsense is sitting there pretending they don't exist and not participating. It's not like you're chasing these things from $10 to $30. There's a lot of names just coming out of channels, $10, $11, $12 that you could take participation in. And again, not all of them are great, but the point is there is some value outside of technology. And longer technology continues to sit in this range. And instead of fighting Netflix for $1 or $2, you could be looking at other names that are working very, very well. And to the flip side as well, there's a lot of names that are starting to break down as well. Look at a name like Akamai, right? A name that usually I wouldn't usually look at. But you could see the directional bias. You could see this mega channel it's playing on. If the market continues to kind of deteriorate and technology continues to be, I don't want to use the word soul, but not in favor, you're going to want to look at names that are consolidating to the downside. Like, look, Akamai. This thing is literally, it's been in this channel now for a week. And this thing starts confirming down. This thing is going to get hit. A stock like monster, right? You could see it. It's coming down in this channel here. And if it starts clearing out this channel, there's a lot of room down as well. So there is value in this tape. But unfortunately, you have to really wait for now, especially to the downside, especially if the market continues to be a buyer strike and a lot of these names, you have to be mature enough to say these stuff, well, maybe today I'm not going to trade. But if this thing sets up tomorrow, I'll have a premium session. I might not put on the five, 10 trades that I'm usually ready to go. And again, I don't put on 10 trades. But if I'm putting on three to five trades a day, and that's my value, maybe the next day, maybe I'll get one. Maybe I'll get two. And maybe just like Thursday, I'll have to sit it out just to get a little bit more data so I can have a premium day for the next session. So this is a new market, right? This is a more adult market. This is a market now that you have to be a little bit more reserved. This is a market now that is completely different than 15, 20 years ago, where everything, there was an opportunity every single day. Maybe there is, maybe there isn't. But let's be honest, for most of us, we're not computers. We're not geniuses. We're not rock stars. We're not social media celebrities. We have to put in the work to kind of wait for our things to play out in front of us. And whether you're trading some $2 stocks, you're trading Amazon, you have to wait for that green light. Because if you don't, you will get chopped up. You will get frustrated. But most important thing is you'll start seeing your account bleed little by little every single day. And one paper cut is fine. Two per paper cut is fine. But if you go two, three weeks with paper cuts, then that starts turning into a severed head. And that's the last thing that you want to avoid. So going into this week, here's the levels that I'm definitely, definitely watching. And I think this is going to correlate with a lot of the mega cap, big cap names, right? So you have the cues here, I think you need a 34 reclaim for the bulls, right? It's pretty obvious here, it got rejected 3386 here. Friday got rejected at 3399. So let's just call it 34. The cues need to reclaim 34. The cues reclaimed 34, I think you'll have a pretty good aggressive channel to trade on, especially if you guys are trading on the option side, any reclaiming clothes on the daily chart of the cues 334, then you have a channel all the way up to the 343.41 Bollinger Band. That's a good thing, right? It's a really good aggressive clean channel. However, there's a flip side to that. If you see the lows on Thursday, they were 328, right? You see this 328 level, any clothes below 328 on the cues, then you have this channel all the way to the downside, first stop 324. And if things start getting really, really aggressive, because at the end of the day, remember, we're in a four and a half year linear market, you tell me the market can't get down to back to this 305 level, of course again, I'm not saying it will, but at least let's be prepared for it. So any clothes above 334 is bullish, any clothes below 328 is a sell signal. If you look at the Russell, again, this has been a very, very big catalyst, a lot of the names that you guys have been looking at and seen some really big, heavy winners throughout the last few months. They've been demonstrated and they've been respected on this IWM level. And here's the chart. Here's basically what you need to happen for the Russell. The Russell needs to close and remount above this 226, 227 level, to maybe get an extension point back to 233. However, there's a flip side to that as well. Any clothes below 218 on the Russell, then you have a lot of room all the way down to the 15-day moving average of 207. So you have the levels, they're set. Same thing with the SPX, you know, same thing here. You've got rejected here a couple of times on the five-day supply. There's no big warning signals yet on the SPX, but for the bulls to get really constructive, you need a remount of the 3934 level to close above, to start a next like higher. And if the bears take control, any clothes below 3860 I think is a sell signal. It's a very, very aggressive sell signal all the way to the 50-day moving average. I do believe though, we will probably have one, based on the charts. I went through a lot of charts over the weekend, based on a lot of charts. I don't expect any significant expansion coming Monday, but we're very, very close just because a lot of names, even if they don't expand, whether it's upside or downside, on Monday, we're getting very, very close of stocks that are at least at the bottom of the channel. And they're maybe a day away either confirming down or reclaiming short-term supply and starting moving up. So we might be one or two day away from kind of getting out of the distribution tight channels, but when we do, there's going to be a very clean break either back to the upside or to the downside. So let me talk about some names that I do like for Monday's session. First and foremost, for all you guys who are trading on the option side, if you guys noticed, I've been posting a lot, especially in my Twitter account, I don't put it on my Twitter feed. We've been doing very, very well with small cap near term out of the money call bet. So for example, if you guys watched last week, OGI was great. DNN was really, really good. Even this ITP that I bought, I had a 30% run. On Friday, you saw a mankind of all things. Somebody came in for, I believe it was for the seven and a half near term calls and the stock was 550. And here's the craziest part. It went from 550 and it went right back to the 52-week high. The craziest part about it, it's not like they were coming in for multiple sweeps. One guy came in, literally one guy came in, $14,000 premium on the bet and it really started taking up the stock higher. And that's kind of want to be pay attention to the small cap order flow. This is the same formula, out of the money calls, near term expiration, the more sweeps the better, but the ones that are really standing out, keep an eye on. So this is what I want to kind of segue. Look at BCRX, right? Buyers were coming in for Friday. There were three separate buyers. Maybe it's one guy, who knows. But three separate buyers came in for the March 20 calls. Why is that important? Well, the stock's at $11. Definitely keep an eye on that one. CLBS is another interesting name that came out. Somebody bought the March 19 expiration $5 calls. Why is that important? Why is that interesting? Stock closed at $2.29. So those are the names you kind of want to watch. If you guys remember last week, I talked about RIGL. Actually, it was a mystery symbol. A buyer came in for the seven and a half calls, right? And two days later, the stock spiked up to like $6.50 pre-market. So these things are working. They're working very, very well. But let me talk about some names that I definitely like going into this week. Maxim, you know, the craziest part about technology being weak is semiconductors are still very, very strong. Maxim looks pretty good here. Keep an eye on this thing. This thing starts taking out the top of this channel, reclaiming 52-week highs. It could start going on its next move. I kind of like Boeing in a weird way, right? In a really weird twisted way. I kind of like Boeing. Last time I liked Boeing, it exploded right through the 50-day moving average. So if you look at this channel here, if Boeing can start reclaiming levels here, and just keep an eye on the early option flow, if they start coming in for, you know, the 225, 230 calls early, especially early morning and Monday session, this thing can really go. If it starts reclaiming this whole top of the channel, you could get a move all the way back to like at least 225. So keep an eye on that. Some SPAC names. SPACs have been really, really hard. BTWN, right? BTWN. I think it just needs one or two more days. If they can just get above this channel here. Again, I'm not saying it's going to go to its high, but boy, oh, boy, you could see where potentially the stock can go. I like that as well. PSAC, I've been watching for several days now. I'm still waiting for this whole channel here to reclaim. I think it's a matter of time. I like the way the stock goes up and consolidates, goes up again. So I kind of want to watch this whole channel here. That looks good as well. On the short side, like I mentioned, I like this Akamai. I'm going to watch that. I like this monster. I'm going to watch that. Even Tesla, the big macro number is going to be the 760 level, but I want to see if we can get a sneaky pivot somewhere around these little channels here. So I want to keep an eye and see if there's any good value there as well. Other than that, let's talk about Friday's pivots really, really quickly. It was a pretty good day here. I caught, especially Facebook was really good, but this one I missed at lunchtime, which sucks. I went to walk my dog 787 on Tesla several times at hell. If it builds below, it can flush. Here was Tesla, right? Here's the 787. Here's the 787 right over here, 787. A beautiful move went down 10 points on Tesla. Unfortunately, I missed that one. I still like this yell. I'll keep an eye on this yell, guys, for this week. Goose just traded right underneath $46, didn't confirm. Game stop, nice little move on GameStop, $40, $20, $40 if it builds below, it can flush more. Here was GameStop, right? Here was GameStop before it reversed. So here was GameStop, took out the $40, took out the $40, $20 and traded all the way down to $38.50. Nice move on GameStop. Again, these SPACs have been very, very strong. This is the Goldman Sachs SPAC $24.50. $14.40, $14.50 needs to build. GSAH won nuts, absolutely nuts. Here's the $14.50 and it went all the way up to 1660s big move there. CBAT had a really, really nice move the day before we saw a near-term $10 call buyer came in, came out of a PR. $8.90, $90 needs to build. Here was CBAT, went right to its 52-week high, well, excuse me, went right to the top of the channel from $9 to all the way to $9.60 before it reversed here. Let's see here, Amazon never got to $33.43. Not a big move here at all. Cap had rejected 22-3 times, it rallied like $0.40 before it reversed, nothing big there, came right back down. TL or Y, I still like, never got there. Here was definitely my trade of the day. $2.66 support if it builds below, it can get hit. Now, again, remember, this is not even macro support. These are just in-between channels, but this is my whole point. The previous day, it did nothing. I had to wait for it, and it took out the previous channel here at 66. It hesitated for a little bit, and then just got just absolutely destroyed when all the way down to the 260 level. And then this is not even macro, this is just in-between channels. Here's the macro level we have to watch. And obviously, if it gets all the way down here, the market is going to get incredibly hit there as well. So, really nice trade there as well. New lows, new highs. Here comes 263. Actually, made my last cover around the 64 area, and the stock just got murdered again. Other than that, again, we have to be very patient going into this week. The game plan is ready. Just remember, folks, if you want to do this for a very, very long time, it's not about what you do today. It's all about what you do for tomorrow. So, in terms of building a house, you don't build a house from the roof to the foundation. You build it from the foundation to the roof. Guys, God bless. Stay safe. God loves you. Be happy. We only have one life to live. No regrets. Have a great weekend, everybody. I'll see you.