 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 morning everybody. Welcome to another edition of the access to trader dot com weekend wrap up show. Hope everybody is having a wonderful weekend. We are roughly about three weeks right a little less than three weeks from Christmas than going into 2020. So hopefully you guys are having a wonderful start to your holiday season. Hopefully you guys are blessed and happy. And again, I actually tweeted this out this morning, you know, people are always talking about, you know, buying this and buying that monetary things that, you know, unfortunately, a lot of people always, you know, put in the sense of happiness with buying, right. And the most amazing part about it is most people just just don't know how to smile, just don't know how to laugh. You know, everything is so serious in their lives. And, you know, before you can, you know, before you can become this great trader, which again, which I think is a little bit of a myth. But before you can become this great trader, you got to become a great person, man. You got to learn how to lighten up. Not everything in life is so damn serious. And I unfortunately so many people go through life with all these pushes on their faces that my God, everything is the end of the world. They just really don't enjoy anything. So again, just smile. What's so hard about that? Smile, laugh doesn't cost you any money. It doesn't make a difference how rich or poor you are. It's so easy just to kind of put a smile on your face. And it'll be very pleasantly surprised how life becomes a little bit sweeter. So hopefully you guys are having a great start to your weekend. So let's talk about the market. I thought this week was pretty important. I thought this week could have had a lot of damage and really soured kind of the end of the year potential rally. And what we saw in the beginning of the week was that really aggressive pull. You guys remember that the first five minutes of the day, if you've been kind of watching these videos for just on the last week, you kind of saw the thought process behind it. So we've been talking about this linear move for a long, long time and obviously at any point they could pull a linear move just because of grabbing. They don't need any, they don't need any, you know, materialistic news. Again, they blame that manufacturing number on Monday for that really aggressive move to the downside. Okay, that's fine. But again, linear, it's called gravity. Things are going to happen. They just need a little bit of a little bit of a lighter fluid and it's going to set it off. And what I like what the Bulls did, okay, if you look at the final scoreboard for the week, you saw the SMP and the Nasdaq pretty flat, right? Pretty flat. And because of that, because of these exaggerating moves in the beginning of the week that again, a lot of traders did get caught. Because again, when you have your blinders on and you're trading the market in anticipation of a year and run with no ramifications, you got caught, right? A lot of people got caught. And that's why I always say you don't want to be swinging stocks up here. You want to be swinging stocks coming out of the channel, either to the bottom or the middle. And unfortunately, when people are piling around positions and anticipating the markets coming up here while the market's still here, there's a problem. And again, we use the word breakout. I think as a society, as a trader society, a little too much. It's like, you know, people use the word breakout very loosely. Like, again, the Nasdaq broke out right here, right? The Nasdaq 100 broke out right here, didn't break out here, didn't break out here, didn't break out here. So again, when you get an aggressive pull, that's the ramifications of being way far off of the natural breakout. The market didn't fail up here, okay? The market broke out right here. So all you're doing is you're not buying a breakout, you're buying momentum with that breakout way back. So nobody should really be surprised when stock prices start imploding when you're, you know, 10%, 5%, 8% away from the breakout price. Common sense. The further you are away, the more aggressive pull there's a possibility. So it was very, very important that the bulls recover. I mean, really, really recovered. They did a great job off the bottom of the range here. And this kind of really saved the sentiment because if the following day we never balanced, you know, we were going to go lower. We were talking about that 195 level. Any close below that 200 mark that we've been talking about under video, video after video after week, week after week after week. It would have really turned into another back test into the rising support into the 50 day moving average. So you have to give the bulls that, you know, a really lot of credit. They did a great job defending prices. The problem was when you get such an aggressive pull, okay, you're going to damage a lot of charts. And we kind of knew that years ago, you know, 15, 20 years ago when I first started trading every day is the same day for me. Okay, doesn't make it right. When you first start trading, you don't even know what the hell you're looking at, right? Good market, bad market, bear market, bull market, distribution market. We don't know what's going on, right? We don't know. It's everything's the same thing. Well, the market's open, right? The market's open. That must mean there's opportunity. As you get older and older and more mature in the game, you realize that there's intervals, right? There's different intervals. There's aggressive intervals. There's passive intervals. And there's something known as distribution. And distribution happens when the bulls and bears are literally fighting control of sentiment. That's what we saw in the middle of the week. And it really took down a lot of charts. I mean, really, really ugly charts. And because we bounced back that first day, it really led every single chart basically right in the middle of its channel. And here's the more, more impressive part of the week that I think we handled in the live webinar. We knew this was happening. Okay, we knew this was happening. This wasn't a shock for us. So I knew you're not going to have five, six, seven aggressive pivots throughout the day. I knew this. We were basically led to identify two to four pivots a day. Okay. And I think we did a great job within those channels to do so. Because again, that's experience, right? Maybe eight, 10 years ago, I wouldn't have clearly saw exactly what was in front of us. And I think we did a really, really good job identifying the pivots both long and the short side. And it actually turned out to be pretty, pretty, pretty good week considering how damaged a lot of these channels were. And again, it wasn't one of those weeks. For the exception of Thursday, there was an expanded range to the downside. I think it was Thursday I caught that short on Netflix and went down like three and change. I think the rest of the moves, if you look at the rest of the moves on beta, for the exception of Roku had some pretty aggressive moves throughout the week, both long and short. You'll notice the majority of the names were trading in pretty aggressive channels. And it really took, for example, like a stock like Tesla for Friday to kind of wake up and then it still failed. But you have to like, if you're a trader of momentum names and you're a trader of, especially beta, you really have to really be encouraged how some of the names that look like they were roadkill for most of the weeks, they finally started to wake up. Again, not yet in the sweet spots, but they started to wake up. If you look at some names, for example, like Tesla, you could clearly see where the channel is. Again, you don't need a lot of indicators to see where the stock needs to break out of. Amazon was weak the whole week, but it's still weak going into this week. But again, a problem, yes, and it looked like it broke down. It looks like it was about to break down, has a very, very definitive look going into this week. You have to be at least a little encouraged from Friday that it didn't take out the lows of the day, right? It didn't take out the previous lows and at least held. Does that translate into the Amazon going higher? Not so fast, but at least you are encouraged. Netflix, for example, again, here was the breakdown on Thursday. Really nice trade. Beautiful trade off that 303. We talked about that when only down to 90 and change. But again, it reclaimed. Again, kudos to the bulls. Again, not out of the woods yet. Still needs to reclaim this, still needs to reclaim that. But you like where it's going. Even the video that I traded for pretty quick cash flow on Friday is very, very close to breaking out. If you look at the daily chart, it doesn't appear that it's great, that it looks it got rejected off the 10-day moving average. But you like what it did here over three days. And in three days, it had an opportunity to cut a roll back over, getting rejected off the five-day moving average twice. You at least like the fact that it closed above and reclaimed it. So Boba, again, up and down, up and down based on Chinese news. Again, breaking out really, really strong name. Apple, again, say what you want about the CEO and innovation or the lack thereof. I mean, look at the stock. I mean, just an absolute gorgeous stock. Google is finally woke up. I mean, it took two, three months for really this thing to get into gear. It's starting to look very good as well. And again, little by little, little by little, you got Facebook, which is a very, very unpredictable, not a great trader. But again, you can still see none of these stocks out of the woods, but at least from the macro point of view, at least they have levels. And even a stock like Facebook that attempted to break out several times over the last several weeks. Again, you can see despite the weakness, the really potential technical damage that we saw in the macro universe this week, it's still put in four days of consecutive higher lows, right? Low, higher low, higher low, higher low. So you have to like what we're seeing in the market. And the most important part, and this is where we talk about that technical analysis, is not an area for discussion. It's not a fight with another person. You're either identifying a macro green or macro red. And when I met by this, we were talking about for three, four days in a row, how the queues just could not reclaim this 203.50, 204 level, right? Again, there's no room for interpretation. Either we're going to reclaim the slurry or not. And you see the whole week kept on failing, failing, failing, failing. And Friday finally came out, jobs numbers came out. It was all good in the world. Everybody's rich. And the most important part for the queues going into this week, and this is where again, channels for the good part could really expand. That's something we didn't see last week because again, the queues finally reclaimed above the 204 level. And now if you look at the daily view, you have your kind of, at least initial magnet to this 206 level, which is right here. So again, going into this week, you have two things that are definitely going in your favor. You have a macro seasonal, macro seasonal traditional strong bias, which is a check mark. That's good. We closed above the 204 level in the queues. That's good because now you're going to have potential of channels really, really expanding. So like last week, for example, I was just looking for, you know, quick scallops and if the runner turned into, if the runner turned into anything more, right? Anything more than a dollar. And that's great. Netflix, for example, on Thursday, I was covering, you know, just covering some short down a dollar. And then I left the runner and it went down like three. So again, the landscape has changed this week. We're talking about now anything that busts out of a macro channel, trying to give them a longer leash. Okay. Just because of everything we just talked about. And we can have some potential multiple day runners in those names. So Friday, I traded briefly in the morning that I met some friends. I met some friends in the afternoon that I haven't seen in years. So I really didn't trade in the afternoon. In the afternoon. It was a nice trade on the video really quick, really quick in the video. But again, we knew this area here. It reclaimed supply. And again, if you look, this is kind of almost like the mirror image we discussed on the cues and it just reclaimed the stuff. And when rain to supply, very, very quick trade. ULTA, we talked about this. Actually, hold on, let me show you guys instead of me trying to remember everything we did. Moral of the story, I thought Friday session, I thought Friday session was a little odd, especially in the morning. Yeah, a little odd, especially in the morning, just because, just because how strong the indexes were. This is a couple of days ago. Tesla, Tesla, Tesla. Yeah. So here was, here was Friday session. Here was Friday session that again, what I didn't like about Friday session, it was a big, good macro rally. And it took, because of all these beta names were in such very, very tight channels. I thought their aggression of buying pressure could be better. They actually woke up a little later towards end of the day. But here's, here were the pivots. Tesla, 338 daily supply needs to build. So we got long Tesla. This is one of the names I talked, I also took as well. So I got long Tesla. And the problem with Tesla was, it just couldn't get out of this channel. So it went up like 67 cents. And I noticed it just couldn't get out of this channel. It just couldn't confirm the top of the range. I gave it every opportunity I can. And the most important part is, when you're in a pivot, when you're in an aggressive pivot, and you know it's supposed to confirm, and it doesn't, you only have two, three minutes to really make that choice. So I got out of it. I think the level was like 12, 13, like literally nothing, 12, 13 cents slippage on the stock. And the stock actually imploded like three, four points after that. So it's very, very important. Again, we're not praying. We're watching the order flow after the confirmation to see if buyers finally cleaned up the seller. So it was actually a very, it was actually a very important trade of the day. Again, sometimes it's the money that you save, not the money you make. That's giving value to your account. KOD, I wasn't even watching this thing. KOD needs a strong bill to wake up. Let me just take a look at what he even did. Let me see if he even triggers KOD. No, never busted out of this channel. Nope, still there. It's never busted out of this channel. I still actually, I actually still kind of like it. If you look at KOD, if it could just put in a new range here about like 68, 69, I think it could probably wake up. So didn't do anything there. Alibaba triggered right at the close because that's basically where I still like Alibaba. I think it goes higher. Yeah, so here's a trade I took on, on NVIDIA, a quick trade, very, very quick trade. It was the first trade of the day. NVIDIA 212 meets the build. Again, pretty quick scalp, oops, pretty quick aggressive scalp to start the day. Here's a 312 supply. It broke it, you know, it spiked up pretty aggressively. One is actually as high as the 1349. That's where I need to see it reclaimed this week. So nice little trade there on NVIDIA. TTD went pretty fast. TTD went pretty fast here. We talked about that 225, 255, 50 area. Again, not a big move. When right to supply and got rejected again, this is the whole purpose of understanding why these lines are important, right? It tells you exactly where stocks should stop and it will stop there 90% of the time, at least initially. Again, put up like a three and a half $4 move, but again, it just didn't reclaim the 260. If you got that congratulations, I didn't trade that. Facebook, 20130, 20140 needs to build. Again, not the biggest moves, right? Not the biggest moves. It took out 20340. You can see how it just couldn't get above supply at 20160. Again, this is where these beta names have to reclaim this week versus the action that we're potentially going to see. So they're going to have to catch up to some indexes. ULTA was a big move. There wasn't even a downtick on this thing. ULTA 259. Again, here's the sneaky area 259. We talked about 259, 259. Once it reclaimed 259, not only did it go, it took out the after hours high of 263 and went all the way to 270. So big move and a lot of you guys caught that ULTA as well. Shop, nothing really going on shop. When the stock was up $4, I said green to red. It went down a few bucks, but it snapped right back. Nothing doing there. Apple commercial, ULTA, NVIDIA, nice move, blah, blah, blah, blah. Berry I still like, never got there. I still like that for this week. Amazon, again, it held perfectly at 1740 and reversed. So that's a very, very good sign for Amazon going into this week. But again, it has to keep on holding that 1740 if it doesn't, it will go lower. I think that's it. And obviously 302.50 Netflix never got there as well. So again, I didn't trade the second half of the day. I got to really catch up with some friends. And again, it really is the little things in life. And I said this, I said this in the webinar, the guys that I was meeting, I haven't seen, I'm talking about in years, six, seven years. And before that, I didn't see them probably about 15 years or so. And it's just amazing some of the little things in life that you really cherish after that you could not see somebody that was close to you. And not have a single conversation in years and you see them and like nothing has changed. It's like you were all kids again. And that's a really, really cool part about life that most people just don't really cherish. And I think that was, it's the little things in life that you have to remember. It's the memories you keep that kind of gets you going. So it's pretty cool. So going into this week, again, you have to be bullish. You really have to be bullish until the market gives you a reason not to be, again, the fact that they, the fact that the market really engulfed, especially on that economic numbers on Friday, the rest of the week of selling was pretty cool. And the scoreboard being flattened and absolutely nothing was more important than we kind of set up for this week. So let me give you guys some ideas going into this week that I like. Ready for this? I like Goldman Sachs. I like Goldman Sachs. I like Goldman Sachs. I like Goldman Sachs. I like Goldman Sachs, like this could be, this could be a multiple-day run, right? This could be a really, really big multiple-day runner. It got rejected right at the top of supply here, right? At the top of the supply here. If this thing reclaims $225.50, $226, it should go. It should give a multiple-day run. If you look at the weekly charges to kind of give you where you could have measured potential. Once it reclaims, you could see $229 in the weekly, at least initially. So I like Goldman. I like Goldman Sachs going into this week. Let me see what else I want to talk about. It's a lot of beta names. Again, there's a reason why I don't put a lot of these beta names, because again, I don't want to have artificial volume kick in. Uber looks like crap. Uber does look like crap. And you could see it visually how it looks, just like it's about the world hell over, right? First close, under supply, excuse me, first close, under support. If it starts building below, put it this way, I think the biggest gift on Uber will be if it gaps up, I think you got it shorted right into that 60 minute supply, because if it goes green thread and starts building below 2775, 2780, there's a shot, it goes all down here in multiple day, all the way down to this 2570 area. So that looks like crappy. That looks really, really crappy. I do like this berry. I've been watching this berry for like a week now. It's almost there. I mean, it really, really is almost there. Keeps on getting rejected here. Look at the high here, right? The high here is 4772. The high here is 4773. The high here is 4795. I just think this thing needs to reclaim 48, okay? Again, it's not really a stock, you're not gonna trade like Tesla, right? You're not gonna trade, it's a stock you have to buy and you have to swing if you use the previous days low as you stop to kind of manage an active swing. But it looks good. Any close over 48 looks really, really good. And you know, Tesla is really one day away. I thought it was gonna go on Friday. It really is one day away. This whole channel here, right? You can see this whole channel here. Once this whole channel gets reclaimed, you can see this 49, and by the way, you came to call the 39 because this channel is gonna dip come Monday, right? You can see it just keeps on going, decreasing, decreasing and slow. Once it reclaims its channel here, I think Tesla's gonna really, really get aggressive. I think Morgan Stanley had the high, I think they went to a five-point draw on price target on them on Friday. So I'm actually very, very surprised it didn't go more aggressive on Friday. But again, it's the stock market. Again, you never usually get what you want, but it's very, very important to kind of wait for that level. So yeah, I mean, listen, trading is trading, right? Trading is trading. You're not gonna get what you want. You're never gonna get it when you want it. But again, as long as you are patient, right? As long as you are patient, you have an opinion of what's going on in the market. You are open to trading both sides of the tape and you're not fighting price action. You always have a punch of chance, right? You always have a punch of chance of being successful. So guys, have a great, great remainder of your Sunday. I wish everybody lots of love and happiness. Just like I said, just smile. It doesn't cost you any money and you'll be shocked how great life can be. Guys, God bless and I'll see you all tomorrow. 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.