 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 AccessToTrader.com Nightly Wrap-Up Show. Hope everybody is doing okay. Hope everybody is having a good trading day. Some pretty good action. We'll talk about that in a second. So, you know, you've got a linear market, right? You have a very, very aggressive linear market. And the one thing that I've noticed, and not necessarily in the live webinar, I think everybody is pretty much, you know, pretty much focused at the task at hand. But I'm starting to see a lot of signs of reckless thinking, okay? And, you know, for all of us in the live, we know, we trade ranges. It doesn't make a difference to me. Tesla to the upside, Tesla to the downside. It doesn't make a difference. So when you have a linear market like this, right, very, very big linear move, and again, now you have the last, you know, two, three months, the market's really been numb to these China headlines. So for example, like this afternoon, there was a headline that, well, China, US, phase one, you know, there's a lot of sticking points not going as smoothly as possible. The market dipped for like 30 seconds and they came right back up, because again, there is no fear and the market's gotten numb to it. So when you get into this linear market, right, this really, really big aggressive linear market, and you have a lot of the, a lot of the really aggressive names just doing their thing. It's like the stairway to heaven. You got your Teslas going nuts, and now your Disney's with their, you know, 100 billion, or at least 10 million subscribers and Roku just an absolute monster. What's happening is a lot of the new traders, they're sipping the Kool-Aid, okay? And the one thing they are avoiding at all costs is the, you know, the main idea of gravity. We'll talk about that more during the weekend update. You could see it. You could see it brewing. It's like, for example, if I posted a pivot on anything, right, to the downside on Twitter, for example, on Amazon yesterday, I posted a, I figure it was either on Twitter or Stocktwits, a pivot to the downside. Blasphemy. What are you nuts? Black Friday. I'm like, dude, it's just the trade. Relax. You know, Amazon sells you a 15, but the key is, again, you have that mental, you have that crowd mentality of, oh, nothing is going to go down ever, ever, ever. And again, the market's amazing, amazing market. Again, I don't care if this market goes up or down, but once it starts going really, really linear, you're falling into a lot of bad habits. Okay. You're buying stocks at levels that forget about the word pivot. You're buying at stocks at levels that momentum is three days ago, four days ago. And now it's just on major, major fumes. So when you see the polls, some of the polls in Shredan, some of these names, a lot of people will turn around and say, oh, it's a big deal. It's just a buying opportunity. But when you see the aggressive nature of these polls, you kind of see there's something more to it. And if you look at the NASDAQ 100, and again, I'm not calling for a destruction of equity prices. If you're watching this for the first time, look, I trade ranges, man, I trade ranges, I trade sentiment. It doesn't make a difference to me. I had one short trade thing. I think it was that Tesla scalp in the morning or anything else, three upside. So it doesn't make a difference. But again, I'm a realist. Okay. And when you see the NASDAQ 100, and again, we'll use it as a barometer. Just keep on going up and up and up and up and up. And again, you can make it argument with me and say, well, Danny said it's up. This is the traditionally most aggressive time of the year. You got your Thanksgiving coming up in two weeks to follow by the Santa Claus rally in the January effect. And everything's all great. And everybody grows, you know, exponentially and everybody's much more handsomer and more prettier and more smarter. And then the food tastes better. Right. Everything's great. Again, technical analysis and gravity is also something that you have to understand is real. Okay. And when you look at the last three days of the NASDAQ 100, again, we're going to use this as a barometer. You can go through all the other indexes in your own time. But you can see something happening, right? You have three days in a row of lower highs and lower lows, right? And today the bulls did a great job. Fantastic job defending the 10-day moving average. Great job. Okay. And equity prices rebounded, the buy the dips came in, all the people that believe the market will never go down. You see your idiots bulls rule, bulls rule, there's rule. Okay. So all of that stuff, right? So the bulls are doing a great job. Phenomenal job. The sentiment is off the charts. And I tweeted today that I said I believe that the fear, the greed factor is off the charts. Okay. It's off the charts. It's not good anymore making a dollar, two dollars on a move. People want five, people want 10. Well, you know, I want to be six or five and dump the ball backwards, but okay. So we're getting to that point of the rose-colored glasses are starting to get tattooed on a lot of traders. And the problem is, and we talk about this a lot of times, the market's just not going to tap you on the show and say, hey, we're going to yank you and everything you made in two weeks, we're going to yank from your account in one day. It's just going to do it. And it's something that we really have to pay attention to. Again, I'm giving the bulls the benefit of the doubt every day. This is the most childish way. If I explain it to a six-year-old, I would explain it this way. Okay. It's a bull market till it's not. And what does that mean? Until technical damage starts to occur and prices start to confirm. The one part I want to watch, whether it's tomorrow, whether it's Monday, Tuesday, whatever it is going forward, I want to see how the bulls continue to defend this area. You can see night the $200 level on the queues. The low is here. Today's low was $200 and 22 cents. So as long as the queues are defending, the bulls are defending this $200 area on this rising support, it's all good in the hood, baby. It's all good in the hood, everything, all good. Once we start confirming and there's a buyer's strike and we start going lower in stocks that are traditionally really aggressively rallying, they can't rally anymore. For example, like Amazon, I guess they was in a really, really aggressive pivot yesterday, right? The yesterday that pivot 1767 went to the 50s, right? When stocks like this are supposed to rally and they can't, that's a problem. Okay. So again, we're just talking here. Don't lose your minds. Nobody's preparing for Armageddon. We're just having a discussion like adults, the worst case scenario of all the things. Again, if you're trading with rose-colored glasses, you're going to get run over. So you have to know what happens if, right? And what happens if we start making that rolling top, right? Rolling top and again, not saying it will. We got to watch and they start losing that $200 area. The sentiment will change very, very quickly. If you're a new trader, you might not recognize it in time. And again, there might be a very, very aggressive pull below that $200 area into the 197 and the Q's. Now again, before you turn around and say, well, what's the big deal is it's only $3 move on the Q's. Listen to what I'm saying. It could be a $3 pull on a Q's and that happens in literally on one interval. You're going to feel it. You're going to feel it very, very aggressively. Until then, again, bulls have the right to dance, bears, they're just literally stepping on ice, waiting for it to crack. So something has to give here. Again, does it need to pull back? Nothing needs to happen. Again, fairer value is the last trading price. That's exactly what they think. There's no such thing as oversold rallies continue, sellouts continue. Nothing needs to happen. But again, until it does, this 200 level is going to be very, very important. So going into tomorrow, again, Fridays have been traditionally a really, really good premium day. People are putting in speculation money bets, especially in the weeklies and the option markets. And whatever is strong is probably going to be strong. Whatever is weak, well, there's nothing weak because we're in a linear bull market. So that's that. So going into tomorrow, again, I have to give the bulls the benefit of the doubt. I am conscious of this 200 level. I'm also conscious of three days in a row of lower highs, lower lows. So I want to see what happens next. But again, if you believe in the theory and if you watch the workshop in many, many times, you know that the 10 day moving average is the birth of the trade, right? It's the birth of the trade. So if it loses the 10 day moving average, well, I guess it's the death of the trade, right? I don't know, maybe possibly. So it could get down all the way down to 197. Good action today, right? Good action today, both mostly long, right? Mostly long. Here are the pivots today in the room. I feel so dirty. I traded now BYND three times three days in a row to the long side. It's I feel dirty, but it's been working. It's actually been very, very, it's working today. I kind of didn't like that it didn't defend the upper Bollinger man. We had that trade perfectly debt to rights. And I knew it was going to trade that 83 and a quarter supply. We'll talk about that in a second. I just don't like the fact that it's sold way back down. So again, we might have to start looking at the bottom of the range. So here it is. Here's the day Tesla 344 several times. It builds below conflush. And I said this and you guys will watch this on the, on the, on the webinar recording tonight. You'll see it. I said, I'm not going any size. We're a bull market. You know, I'm not going to go any size in this thing. But if this thing starts breaking down below 344, it could be a decent trade. Again, here's a 344, 344, 344, 344, 344. You get the point. It broke 344 and went down like a dollar and change. I didn't do any size in this thing. Again, I'm just scared of this, but it was a nice little scalp. A trader right to the bottom of the support. I want to watch them next couple of days. Again, Tesla is a machine. I love it. It's awesome. We've done great with this thing. Okay. I'm just waiting for clues just like everybody else for an exhaustion, a backside move, all that good stuff. And again, you can see how Tesla defended the five day moving average. So again, if Tesla starts losing the five day moving average, again, if you believe in the theory stocks go from supply to supply and demand to demand, well, here's demand and here's demand, right? You have a lot of room down. So again, might not happen tomorrow, but I am watching for the backside move. It's just called gravity. Don't lose your minds. I love Tesla. I love the stock. I love the car. I just don't care which way I trade it on Netflix. Again, did a great job today. Yesterday was a nice pivot from the 283 to 281 50 day moving average. It held today. Obviously we're waiting for that 281 that never came. BY&D was good, man. Three days in a row trading this thing to the long side, right? So here was BY&D, right? Here was BY&D. Here was the 8150, right? Here's the one 8150. And I knew it was going to go right to supply at 83 and change because, well, again, stock straight supply to supply and demand to demand. So beautiful trade. Nothing wrong with BY&D. Scalp the perfect one, okay? Shop, excuse me, not shop. Roku, again, I put two pivots in Roku. One to the long side, one to the short side, because again, pivots play no favorites. They just don't care. Here was the long side pivot 14290, 143 needs to build. No, there is a little bit of supply in 14330, so it needs to get through that and build as well. If it does, it can get to 14540s, right? So, yeah, it did that. So it did that. So here's the 140, where are we? Here was the 14290s, right? 14290s, 143. It traded to supply, right? It traded to supply, and then it got through and just kept on going as well. So really, really big move on Roku. But again, the point of the pivots are it doesn't make a difference which way. Before it confirmed, right? Before it confirmed, and I said, oh, nice, right? Nice spike earlier, right? That was the first spike early into supply. And then I wrote, oh, hell, if it turns around in 141, it held twice. If it builds below, they could flush. Obviously, they get to that area. But that's the point. We don't care which side of the pivot it confirms as long as it confirms. So nice move. Definitely, definitely nice move on Roku to the upside, obviously. Shop, nice trade there. I didn't take shop. I wasn't just watching it. Shop needs a new base, 31550, 316 to go more. I said there's a shot against the 319. Again, it was just an interval trade. It wasn't supposed to be anything magnificent. So here is the build right here off this 1550. And it traded right into supply of 319.89. So nice job there for you guys who took it. Reda, obviously, well, expanded today had nothing to do with that. Walmart pre-market highs never got there. Roku, Roku, Roku, Roku, just a machine, Roku, Roku, Roku shop. Like I said, first supply 319 went to 319.89. So nice move there. Huge area coming up, right? That's the pivot we took. Huge area coming up. Nice. Give us a quick dollar and change. And I said pretty, very aggressive start to the day. Very, very aggressive. I also saw the news about who the hell downgraded. Was it Maxim? Maxim downgraded Apple pre-market. I saw that news very, very quickly. Shorted it. I missed the hardest cover when it flushed down into, I thought it would push down to 162.50. So I thought it was going to get down to 162. I was shorting it at 163.30s or 40s. I forgot. But nevertheless, I kind of missed my last big pull, but it was a pretty good trade. Nevertheless, a pretty good start to the day. Roku, again, 64.40 supply. Just went right through that as well. And that's it. And that's it. And that's it. So the moral of the story, right? Moral of the story. VRNS was also good off the last night's watch list. And again, this was last night's watch list. Pretty good area. Again, dips on Roku, Disney. They worked pretty well as well. BYND, we had to pay a little higher for it. But the moral of the story is, again, you're only as good as your research. So going into tomorrow, guys, I am bullish until I'm not. I'm bullish until I'm not. And the most important part is let's wait, right? Let's wait for confirmation. So let me give you guys some ideas for tomorrow's. Let me give you guys some ideas for tomorrow's session. I'm not going to give you the beta ones just because, again, I just can't have artificial flow into these names. I need to see them flow pretty nicely. So I'm going to give you guys a couple ideas that are not beta-related. DDOG, beautiful chart. Beautiful, beautiful chart. Had a huge move yesterday, rested today. Keep an eye on this thing. This thing starts building 42. It could really, really go. DTIL looks pretty good as well. I have no idea what the hell this is, but it doesn't really make a difference. Huge expansion channel today right through supply. If this thing starts building above 12 bucks tomorrow, right? If it starts building above 12 bucks tomorrow, you can have a nice second day move there. CNST was a big, big move a couple of days ago. It finally busted out above this channel here. Stop that supply. Again, stocks don't stop randomly. They stop into supply. And if it starts reclaiming supply tomorrow over 39, who knows, man? Again, in this market, anything's possible. You could get a move. Again, anything can happen. You could get a move into the 46 area. And one chart I really like. We'll talk about obviously Tesla tomorrow and NVIDIA and all that good stuff. But look at this serious logic chart, man. This is a gorgeous, gorgeous chart. Serious logic. If it can reclaim tomorrow 73 bucks, man, this is a beautiful, beautiful chart. It could go. It's just like VRNS that some of you guys started buying. Again, this one's way too thin for me. But again, it's the same chart. So VRNS, nice little breakout. I think the stock goes higher in the next couple of weeks. But you can see here CRUS, but starts reclaiming that 73 law level. It can go. So guys, have a great night, everybody. Tomorrow is Friday. Thank God my brain is completely shot. I'm exhausted. I'm going to relax a little bit watching football. I'll have some dinner. And with God's help, I'll see you all tomorrow. Take care guys. Have a great night.