 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. Thank you everybody. Welcome to another edition of the AccessToTrader.com nightly wrap up show, everybody is doing well. Let's get into the markets, right? Pretty aggressive day, especially today in the morning, very, very aggressive day in the morning. We'll talk about the individual pivots in a second. From the macro point of view, again, linear market, I think everybody agrees this market is incredibly strong. The way we close today, you have this kind of inverted hammer and you can see this little bit right here. You can see this inverted hammer off this upper bologna band. I think it shows a little bit of weakness coming for the market tomorrow. Hey guys, is it a big deal? It's not a big deal. Again, look, maybe you get an orderly back test, which the market desperately needs from up here to this rising five day moving average. And you can see how strong the market has been every single time it hits the five day. It keeps on bouncing, bouncing, bouncing. So inverted hammer, going into tomorrow's session, you're probably going to see some weakness in the indexes. That's not what we talk about. I don't care about that. What we've continuously been harping on is the lack of ability from the general market to sustain gains on really big high flyers. So again, if you look at, for example, from Netflix, let's start off on Netflix. So we talked about Netflix last night, very lukewarm earnings, very underwhelming. And I said last night, I just couldn't, you know, it was just a little, you probably needed like one or two candles to kind of figure out which way it's going to go. Ironically, I didn't trade Netflix today. It opened up a little bit and then went down a little bit and kind of chopped around that opening candles sold off and I kind of lost interest. What bothered me, what continues to bother me, we've been talking about this now for a couple of weeks, every single time a lot of these names get right to the point, right? Right to the point of making a big, big move, they fail, right? So you can make this argument with Amazon now for a while. Again, this is such a bullish setup yesterday and I even joked around on the video last night, I said, do I dare to say this Amazon is going to be good and Amazon gapped up and just came right back in, did absolutely nothing. But what bothered me today was, and kind of this is where I still believe this rounding top is still happening. Again, remember, it takes a couple of weeks, it's not one event. What I did like today, my personal focus today was BYND and Roku, okay? And I really, really liked the way Roku closed yesterday and I'll talk about the individual opinions in a second. I like the fact that it stopped that supply. I like the fact that if a confirmed supply was going to go to the next supply of Amazon, it was very, very strong yesterday and this is like my prime focus. And I did okay on the trade, there's nothing to do with the trade. What I didn't like, okay, and this is kind of what we're seeing now for a couple of weeks, like for example, Netflix before earnings is about to break out, came back in. Amazon sitting above 1900 for four or five sessions implodes, right? And on and on and on, it's like big, big levels, even Square, even most recent, just to give you an example, Square breaks out above this multi-month level a couple, you know, about a week ago, goes up a dollar and now it's two dollars below where it broke out. Qualcomm, for example, broke out a couple of days ago, right? Broke out a couple of days ago and the market was strong. And it's not like the Nasdaq 100, it's not like the Qs are down, you know, getting killed here. The market's still up and it failed. It failed again. You had the pot stocks, right? You had the pot stocks waking up, right? Waking up and they're about to confirm and then they roll over again. So you're getting a lot of momentum names that are doing a lot of starts, a lot of stops, and a lot of roll over. And then you got the two names have been the most aggressive of them all. And that is Tesla, which, again, I have to say this. I mean, I really have to say this. I think the idea of people trying to buy, you know, trying to figure out bottoms and try to figure out tops are ridiculous, okay? Because again, there's no such thing as a top or bottom, okay? The market doesn't end, right? The market doesn't explode if a stock hits one number and then goes down for a couple of weeks and then three months later it's higher that number. There's no such thing as tops and bottoms. What we're trying to do as traders is identify where the interval is going to confirm or reverse in this case on Tesla. And again, look, I personally, me personally, I'm not, I can't speak about anybody else. I personally couldn't hold the trade on Tesla more than two bucks against me. That's just me, okay? It turns out to be a really, really bad day if Tesla, and again, everybody trades different size and size is subjective and all that stuff. But to see people talking about holding a short on Tesla to 300 points against them is beyond comprehension. Again, social media is a little bit different than trading. It's a little bit different, just a tad. Again, two points for me on Tesla, I'm already having a bad day. People holding Tesla to 300 points against them calling any day now, any day now, any day now. Again, it's like doing the rain dance in the desert. It will go into rain. It will go into rain. It will go into rain eventually rain, okay? Look, when you're looking for a reversal, you need some sort of similarity. Number one, arrogance needs to be at all time high, okay? How do we know about arrogance at all time high? Because the people that were talking about two months ago, how can you trade Tesla at 340? It's the craziest stock ever. These are the same people I'm talking about. I'm getting low on Tesla at 590 for a 700-point move. Seven hundred dollar price target in the next three days. That's called arrogance. The next thing you have is the obliteration of shorts. You've got that as well. And the most important part is when you have a reversal, it's when you least expect it, but you have clues. And the one thing I always say is, again, trust technical analysis. You're never going to get the tippity top of a reversal, nor do you want to, okay? You want to identify the interval that the trend has reversed. It already started, and now you're waiting for confirmation. So if you look, for example, this move right here, and this move right here was only at the end of October, right? When it put in this inverted hammer, and for the next three, four, five days, it went from literally from 340 all the way down to 309. Is it the biggest trade in the world? No, but again, I caught some meat of this bone. And now we're having kind of the same similarities. And again, instead of people just piling on shorts and piling on shorts and piling on shorts, again, at least going into tomorrow, we have a little bit of tangible evidence that there could be, could be again, and nobody's talking about the stock is going back to 500 or 400 or 300 or 200 or zero, right? And I've seen so many people pose zero, which is actually ridiculous. But at least we have a little bit of resemblance of what a technical reversal looks like. We have the arrogance level, right? To the highs. We have people completely chasing stocks at levels that they shouldn't be chasing. We have shorts that are completely just, again, I don't know how anybody's still short the stock. I just don't understand. If you've been talking about shorting the stock in the last four days, three days, two days, 24 hours, I do not understand how you could be, but again, again, I'm not judging. God bless. Again, to each his own, right? I just don't understand how, but again, but now at least we are in a technical area that you could turn around and say, yeah, you know what? We might get a reversal here. If you look at this image right here, inverted hammer, and you look at this image right here, inverted hammer. This is again the most basic area of possibility of confirmation going back to the downside. And this is obviously will be my top watch for tomorrow. Again, I have no interest in the long side today on Tesla. I even put out a tweet. I said, look, I have no interest, but if anybody wants that 580 build on Tesla can get this thing going and went to almost 600. But again, not here and out there. I'm looking for value. The value right now is to the downside. Again, I'm not talking about Armageddon. I'm not talking about the stock going to 425 and all these different theories about manipulation and Elon going to the crook and this. We're all looking for trade. We're looking for a trade for maybe a two, three day possible pullback if the levels will confirm. And I think they will based on, again, just basic technical analysis. So again, if you're a new trader and you're watching this, if there is a gap up in the stock tomorrow, I'm pretty confident to say that if you buy the gap up tomorrow in Tesla, you're probably buying it into supply and you will get destroyed. Just saying. Okay, just saying. Maybe it goes up tomorrow. Maybe it goes down again. I have an opinion. I have to enter the day with an opinion. I don't know what's going to happen tomorrow. I don't know how it's going to close. But at least I have my opinion. I'm going to wait for it to play out. So if we have it, even if Tesla tomorrow is at $625 a share, God bless. Okay. But at least I want to give the bears at least for tomorrow the benefit of the doubt. I will be watching for confirmation channels into Tesla tomorrow. And if they start confirming, you do have room all the way back down to this 531 level. And maybe there's a second day. Maybe you got to pull all the way back down to 517. So again, let's not put the cart in front of the horse yet. Just at least an opinion. We'll see you for a right. We'll see if they confirm. We'll see how much strength there is. And we'll see how many eager, unfortunately eager, uneducated, late long show up to the party and see how they handle the first candle should be very, very interesting. Again, pretty solid action today. Right at the open. Very, very aggressive action today at the open. So let's talk about it. Right. Let's talk about it. Roku again. Man, I was a little pissed off. I really was a little pissed off. So I got long Roku. I got long Roku. I traded to 40 and a half. I made some sales. I always make some sales. Always make some sales. Because again, there's nothing guaranteed. I was talking about in the live webinar. I said, look, I think there's a punch a shot at 42, at least to 42. And then you have a, you might have a second day push or maybe a second tier push to 45 tomorrow. It traded to 40 and a half. And it kind of died on the vine. And the one thing is I always say, hey, there's no guarantees. Always take money. So I took two thirds off. The rest I got, I broke even on the trade. But again, what I didn't like about it, that it didn't follow through off the second, off the second length. And not only did that, it went right in the day. So again, that's when I started thinking more defense, more defense, more defense. NVIDIA was a very, very strong move. NVIDIA 250 needs to build. Here was NVIDIA, right? Here was NVIDIA. Very, very strong move here. Here's a 60 minute channel on NVIDIA, right? All this is 250. Once it broke 250, I said there's a shot at 253. It traded again right to supply and actually went to 253 and a half. So very, very strong move on NVIDIA. BEYOND was a monster. Absolute monster on BEYOND. 130 is a sneaky area. Again, for experienced traders, 131.75 pre-market highs. Both areas need to build for a possible potential test for 3523. Here was BYND, right? Here was BYND right over here. Hold on. So here it is. So here are the, you see these two candles here, right? 130, 129.89, right? 129.80. So here was the 130 sneaky pivot. Here was the 131, it was actually 131.85, right? And I said there's a shot. It gets to the 3528 area and exploded right underneath. It just exploded right underneath the 135. So again, going forward, 35 is going to be an area. But again, they pulled it, right? They pulled it double top, obviously looking for some channels tomorrow on the downside. But again, four and a half $5 move, depending where you got it, really, really strong move there as well. IBM never got to the 146 area. SC, we talked about this Goldman Sachs, put this on the conviction buy list. 43.30 on SC, right? 43.30 on SC. So here was the 40, here. Here was the 43.30 right here. 43.30 stock exploded. I mean, absolute exploded, went to 45 and changed. So that was a big move there as well. FVRR never went there. JMA for small caps. Not a bad move. 875 needs to build. Here was JMA. And again, guys, you don't need to trade pivots. You don't need to trade beta trade pivots. You can trade them on any interval. So here was the 7, excuse me, 875, 880 area. Went to 9.30. If you took it, God bless. I didn't trade this crap. It's not really my thing. And again, I started to say, hey, good start to the day. And again, things got quiet. Things got very, very quiet for a long, long time. It felt like a very, very long time that nothing happened. And then we started seeing, and then we started seeing, you know, Amazon. I said, hey, maybe if it starts building 1903, you can go. Obviously never got there. So here was the pivot on JMAI 908 and then 940 to stop the 930. And I said, hey, you know what? Amazon is another sneaky pivot. Again, never got here. So here was the pivot, right? Here was the pivot that we talked about to the downside. So I tweeted it. I put it in the private feed in the live webinar. I said 575, 574. These are huge levels now. If they start building lower, can flush. This will be a big level going forward. Now, why was that? Like, why did I finally start talking about Tesla to the downside? Again, you needed at least one reversal candle. And here was the first reversal candle, right? This was the first reversal candle. You had three candles in a row of lower highs. Again, euphoric levels, arrogance levels, all through the roof. And your first candle move was that 575 area. So it needed to break. It needed to confirm the 575. And I said, there's a shot. It gets to that 562 level. It confirmed and went all the way down to the 559 level. Guess what? There is no room for interpretation. If today's price action falls, right? If today's gets confirmed tomorrow, you have to move all the way down to the 537, 535 area. So I definitely will be watching Tesla for tomorrow. If you caught this trade, great job as well. Again, take on the way down. Take on the way down. Big, beautiful move on Tesla. And yeah, this is just the option flow for tomorrow. So I like, I'm leaning tomorrow to the sell side. Doesn't mean the market, doesn't mean I think the markets can go to hell in a pan basket. I just think there is a lot of good value to the sell side. If you look at the big high flyers, you had LK, right? You had LK big, big reversal today. Not only did it lose the five, it lost the 10-day moving average. And let's kind of lead off with this. I like LK to the short side tomorrow. If it confirms this channel right here, right? If it confirms this 53, 50, 53 area, I think there's a shot into the 40s. So let's keep an eye on LK. I like SDC. It's one of the very few longs I actually do like. It kind of reminds me of the chart of BYND a couple of days ago. If this channel starts building, right? If this thing starts building above this $14 area, I think there's a shot it could wake up. So let's keep an eye on that. Let me see what else I want to give you guys for tomorrow. Let me see what else I want to give you guys for tomorrow. Beyond we'll talk. Yeah, I kind of like this DNLI. This looks interesting. DNLI kind of broke out today. It broke out today. It stopped perfectly on supply. If it can get above 2370, 2380 tomorrow, maybe this thing wakes up as well. And look at this recent IPO, IMAB. Recent IPO here. Keep an eye on it for all you guys are trading non-beta. If it could start getting above this 1580, 16 area, maybe you could get a push into the 17s. For the rest of you guys, please get to Morning Strategy early tomorrow. We'll discuss Tesla, obviously, and BYND and Roku and LK and all that stuff in between. So good job today. Good job today, guys. Most important thing is, again, let the trades come to you looking for value. We're not guessing. We're trying to collect as much data as possible and apply it to what we do. Guys, God bless. I love you all. And I'll see you all tomorrow. Take care, guys. 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.