 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 AccessaTrader.com Nightly Wrap-Up Show. Hope everybody is doing well. So let's talk about the market, right? Let's talk about the technical views of the market, what's happening now, what we could expect, at least going into tomorrow. Okay, number one, really nice rally here in the cues from the macro side. I think what has been lost in translation with everything that's been going on with all the headlines, nauseating headlines ready to the point of like no return, you kind of have to like what the bulls are doing, right? Same news, day in, day out, ridiculous amounts of new cases. I heard just like in New Jersey, there was like a spike of like 50% overnight, okay? Where I live, where I live the case has been very, very small, like very, very small. But from the county that I live, you know, north of 250 cases and as the state, well or, you know, it was like 6,000 cases like doubled overnight. So there's a lot of worry, okay? There's a lot of worry, but what's lost in translation is actually the technical side of what the bulls are doing. And although again, I don't see that this is being the generational bottom that a lot of people are kind of hoping and praying it is, but I do like at least what we're seeing from the point of stocks going from supply to supply and demand to demand. So if you look at the last couple of days and again granted, you could turn around, you know, the bear case turns around and says, well, you know, the market is rallying just because, you know, we are ridiculously oversold, you know, ridiculous oversold. And we believe that the house will vote and everything will be good. We'll get additional stimulus and everything's fantastic. The bear case is obviously, well, this is a dead cat bounce. There's a lot of downside that is going to still come. We still don't know what it is, blah, blah, blah. But again, the scoreboard is the scoreboard and our job as professional traders kind of trade around that scoreboard. Although the scoreboard is not going to define your day, it is going to give you some clues. Today was a very hot day for that. We'll get to that in a second. So here's kind of where we are. So we talked about a couple of days ago that we started building over this 185 level. And I believe the market, I said back then, I think if nothing comes out materialistically, we could get a run to 192. So we get that run to 192 today, actually 192, 72. So we get that run. As you can tell here, market stopped right at supply. The problem with this move today was it was very, very odd. If you guys, especially for all you guys who traded in the intraday ranks and trade beta, you kind of know what I'm talking about. So the data was up today, a thousand points, pretty much most of the day. And most of it was to do with Apple, Boeing, Boeing has just been absolute, just a rocket, right? Absolute rocket. You know, obviously I have some other names as well, Microsoft. Semis have been very, very strong. But again, if you look at today's tape, it was very, very peculiar. What I mean by that was when you look at one point before, and we'll talk about the spike into the close, you look at the NASDAQ 100, the NASDAQ composite was up 300 points. And if you looked at the action intraday, right, all I kept on seeing was weakness, like literally everything that I traded, for the exception of NVIDIA. And I think it was NVIDIA and Apple at that time, right? If you look at all the stocks that I look at, intraday, right? This is the intraday chart. Forget about the close, right? So everything gaps up and started to fading. Netflix gaps up, right? Forget about this. This is the last five minutes of the day, right? Netflix gaps up, right? Cells off seven. What else was there? Beyond, there was a nice pivot today in the room. We'll talk about that a second. You know, gaps up, gets downgraded. Cells off about five, six points off the highs. And you started seeing that over and over again. Alibaba, right? Alibaba gaps up, right? Gaps up to 94. There was a nice pivot towards end of the day. All goes all the way down to 90. So you started seeing that all in Amazon really, really good today. And at one point, right? So Amazon gaps up and goes all the way down to 905. So gaps up to, Amazon gapped up to, jeez, I think it was like 99, it was up like 50 at one point pre-market and went all the way down to 905. And I'm sitting there and I'm like, what about my stocks, right? Like, what the hell's going on? What about my stocks? So I turned around in the webinar and I said, I don't want to buy anything. I don't want to buy anything, okay? Everything is selling off. They're putting in lower highs. I think these things are going to fade. I think they're going to fade. I don't want to buy a single thing. And slowly but surely, everything started playing out that way, at least on the beta side. And you started seeing kind of move by move, pivot by pivot, little by little, things are getting weaker and weaker and weaker and weaker. And I'm thinking myself, all right, we're going to roll over here, right? We're going to roll over here. It's obvious. Everything is all good. And you started seeing like pivot by pivot. And I'll show you this in a second. This is kind of why this is such a weird day. So we talked about 457 to the upside just in case the market rally. This is in the morning. And goes 457, goes to 460. That obviously becomes the second entry. It never, right? It never even comes close back to the 460 level. So we're waiting for, excuse me, 560. So we're waiting for the confirmation that never comes. And so I started putting in pivots into the room because I started seeing weakness, right? I started seeing weakness, started seeing strength at the same time. So I said, you know what? Let's see what confirms. So weird stocks started confirming. So, you know, crone, I mean, great move. There was nothing wrong with crone. 584 needs to build. Again, I screwed this trade up because I just don't, I just don't trade these small caps anymore. But this thing starts building 6, 585 confirms 6 and goes all the way to 665. For those of you guys who didn't screw up the trade, great job. BYND, 68 for builds below can flush out. BYND, right? So here was BYND. It took out the lows, took out the 68, went all the way down to 6640s. Again, nothing wrong with that as well. And, you know, I'm starting to look at stocks like Roku and I'm like, ah, Roku's not rallying. Okay, Roku's not rallying. This is going to be a good trade. I think the stock has a shot, you know, to get below 90. Excuse me, I put in the wrong pivot. I put in the wrong pivot. Did I put in the wrong pivot here? It was 91. It wasn't 90. Did I put in the wrong pivot here? I put in the wrong pivot, guys. For all you guys on the Twitter feed, you guys probably caught the trade. I messed up. I shorted Roku at 91, okay? I shorted Roku at 91. It went down, it was like 91 in teens. It went down like 70 cents or so, right? 70 cents or so so quickly. I couldn't get any size. So I wound up not covering anything and wound up taking an 80 cent loss and watched it later confirm the right pivot. I think I screwed up, guys. I think I screwed up. I put in the wrong price. It went from 90 and it went all the way down to 87. I screwed up. There you go. I screwed up. Now I know why the stock held those levels. I screwed up. It wasn't a proper level. But more of the stories, more of the stories, I started watching all these stocks getting weaker and weaker and I couldn't understand how the market was holding up and I personally had a very odd day, okay? I caught a Tesla short, made some money and then I didn't enter the Tesla short. That went down 30, okay? I got caught and now I see I got caught in the wrong price macro on Roku. So I understand at least why I lost some money. But the most amazing part of the day, if you really think about it, right, is how the good the bulls, how really good the bulls played things out, okay? And again, I firmly believe that you can do whatever you want in this market as far as as long as your process is being highlighted, okay? But I do believe this as well. I think that everybody has a really good, really good save zone, right? And everybody trades the stocks they feel comfortable with and at a certain point today when I saw the stocks rallying that were in beta, I kind of mentally checked out, okay? And this is kind of what we talked about yesterday on the video, kind of like being completely laser focused and I kind of checked out and I wanted to get some rest and I started putting in pivots towards the end of the day, right? I started putting in pivots into the day because for me, myself, I had... I just had a bad mental day, okay? Nothing to do with getting killed, anything like that. But it was the point of, like, I felt the market was going to roll over. It started to roll over. They gave you opportunities to roll over and then they just didn't execute it to the point that where I wanted to. And I missed a lot of plays. I really did. I missed a lot of plays. And I think the best way of saying it is I kind of needed a mental break, okay? Subconsciously, I think the market told me I needed a mental break and I kind of gave it to myself, which kind of sucked because if you look at the end of the day of the pivots that I put in towards the afternoon, really got hit. I mean, really, really did very, very well. Again, congratulations to all you guys on Netflix 354, 354, 75, 355 Needs to Build. Here was Netflix, right? Netflix exploded, right? Exploded off that 55 level, went as high as to 63. Again, this has kind of got me agitated as we're looking at charts. Crone, nice move there. Tesla, again, congratulations all you guys that took the Tesla short at 532, went all the way down to like 512. Big, big move there as well. So yeah, you know, I had a very odd day today. And the question kind of going forward, right? And you could tell by even the way I'm speaking right now, like I was like literally all over the place mentally today, trying to figure things out, trying to rationalize everything. And some days, you just have to take into the consideration that you know what, it's just not going to be your day. You know what I mean? It's just not going to be your day. You're going to be trading, you know, you're going to be trading, you know, not less than 100% mentally, okay? I think that's what happened to me today is I drew so much energy and this is the worst part. I drew so much energy trying to figure out why my stocks weren't participating that I kind of mentally just gave up and missed the ride towards the afternoon. You know, again, I think sometimes that we have to put ourselves in a position that you know what, save your mental equity. Okay, you'll always get better value. And like I say every single day, you know, as much as I think I could walk on water and every single day is going to be perfect and logical and everything I'm going to put on is going to be great. Just doesn't work that way. You know what I mean? Just doesn't work that way. I, you know, I figured that out a long time ago. I don't dwell on it. You know, I just had like a really crappy mental day. Okay? Really crappy mental day. And it just, again, I knew no matter if I would have kept on pressing the button towards, you know, towards the day, I would have really taken a day that, again, monetary was absolutely nothing to even talk about. But I think I would have taken really a paper cut and just sliced my throat. And at days like this, you really have to be kind of a bigger adult. You know what I mean? Like when you're not feeling it and you're not in rhythm with the market, okay, just don't trade. You know what I mean? Just don't trade. I made a conscious decision today to kind of stop trading, okay? And like obviously I missed some big, you know, big moves in the afternoon, but you know what? I'm okay with that, okay? I'm okay with that. I did the prudent thing to do. I did the adult thing to do. And as much as, you know, you turn around, you see some of these candles, $8 here. Also, there was also a 94 pivot. I believe it was a 194 in Alibaba as well that I put in the channel as well. 194. Where was it? Where was it? It was a 194 pivot for, also 194 pivot on Alibaba. I don't know what happened. Maybe I didn't put it in. But that was fine as well. So again, going into tomorrow, here's kind of what I'm watching, okay? I think a lot of people are looking forward to the weekend just because, you know, just because of how mentally intense this week is. What I'm looking for tomorrow, for the cues, okay? For the cues, just a macro. I want to see what happens here if they can reclaim the 193 level, okay? If they can reclaim the 193 level, I do believe the bulls can complete the sweep, right? Amazon was a complete a five-day sweep of running into the close. And if you look at charts, you look at some charts going in tomorrow, there's some great opportunities tomorrow if the market behaves. Look at Amazon. If Amazon starts claiming, it's gotten rejected at the 50-day moving average. One, two, three, four, five times. If Amazon can reclaim the 50-day moving average, this thing's going to see a 2,000 level. It's going to see a 2,000 handle. Also, I like Tesla. I thought the stock was going to be a short today. It was a short. I scouted some short. I missed a big move, but you can see how tight this area is getting here. You can see the bottom of the channel is right here. The top of the channel is right here. Something has to give. Netflix also looks pretty good. Netflix, again, if it could start confirming today's prices, you've got a lot of upside coming in. 373 as well. Boeing continues to be good. Alibaba is very, very close. Very, very close to confirming this whole downward channel if it can start building above this linear regression line. So that looks really, really good. Roku, I think, goes lower. Roku, I think, goes lower. This is the worst part of it. I knew it was going to go lower. I just mistreated it. I completely mistreated it. To watch it go down, I looked at the prices after the close, to watch this thing go down $4, that kind of was like the cherry on top of my mental recharge for the rest of the day. So I think going into tomorrow, we have to be flexible. If the queues get rejected, if the queues get rejected back at $193, do I think we're going to roll over? Absolutely. But we have to watch early strength for the stocks that didn't rally until the end of the day. And again, if you see where the rally came from towards a lot of the beta names, in the last five minutes, when I saw the queues putting up a $4 candle in the last five minutes, yeah, that would do it. So again, how many people were putting on trades in the last five minutes? So it looks pretty good on paper with the Nasdaq 100 did, but now the bulls have to make sure that they could prove to us, right? They could prove to us after a really, really good aggressive Ford they run that they could live with prosperity into the weekend. Guys, have a great night everybody. God bless. Again, as I always say, some days you're the pigeon, some days you're the windshield. Today I was the windshield. Tomorrow I'll be the pigeon. Guys, God bless. Stay safe. I wish you the best. Congratulations for putting in the time to take control of your trading. You're one step closer to owning your future and achieving the success you desire. Want daily trade ideas directly from Dan? Straight off his personal watch list? Unlock our free PS60 vault where you'll get nightly updates on pivot opportunities we're watching for the next day's session. Click the link in the description to get started today.