 And take a look, folks, any close now, right? Over this Bollinger Band, it's $735. It's like $50 as a book size. 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, you're getting it ready. Welcome to another edition of the Access to Trader.com Monday edition. Hope everybody is doing well. Hope everybody had a really, really good trading session. A little bit odd from the technical point of view, just because if we talked about what we talked about during the weekend update, you had really, really strong moves in rotation into the financials, right? Financial sector and the one biggest element on the weekend observation was that the IWM reclaimed the 50-day moving average and initially gapped up and kind of had it inside day. So you had financials that didn't confirm their previous channels, because if again, if you look at, for example, the Goldman Sachs that obviously never got above this whole area here, you look at the Citibank, obviously never got over there. Even a name like Schwab that I was watching never got this channel here. But the one consistent group that continues to melt up and obviously it's much more important for us than anything else, whether it's financials, whether it's the Russell, whether it's anything, consumer, anything involved, right? The most important part and our sweet spot, at least the world that I'm in, is technology. And technology was absolutely amazing today, okay? Not only was there a huge disconnect. If you look at the diamonds today, the Dow was down a little bit. The Qs continue to absolutely go nuts. The Nasdaq 100, very, very strong moves. The technology names continue to lead. And when you look at the big core groups, right? I mean, the really big core groups, this is the one, man. This is the one that again, represents the speculation money, no matter what you trade in the world. If you are a fund manager, an index fund, pension fund, whatever the case may be, mutual fund, people wanna own technology, okay? And this has been the growth story since 1998, 1999 with the whole internet craze, after 9-11, after the mortgage mess, everybody wants to be in technology. Because when you close your books and the end of the year and you look at the biggest growth stories, they continue to look exactly the same. And again, Amazon, despite missing their numbers, again, we talked about how important that five, 10-day moving average is. Look at this move here. Amazon looks like a magnet into the 50-day moving average. Apple exploded today. Absolutely one nuts today. Really, really big, long distribution here for about four weeks or so, got out of this channel here with very, very heavy option flow to come again. We'll get to the individual pivots in a second. Facebook went absolutely bananas today. And it was cool about what happened today in technology. If you look at the leaders, right? The leaders of what brought this market up and confirmed this recent highs on the Qs, they were the semiconductors. You guys remember that? They were the semiconductor names, that they're the ones who started this whole rally. And the semiconductors, the SMHs, went from 249 all the way up to 275. So what was cool about today's strength in the market was when semiconductors pulled in. And at one point, you know, a lot of them really lost their steam. But again, is it really hard to fathom that they're gonna be profit-taking? When NVIDIA had a run from 187 to 230, there's going to be some profit-taking. You can see, so they weren't the leaders. They were taking their breaths. But what I really liked, what I saw today, and it kind of goes back into the theory of why this meltup continues to happen, even when the semiconductors were taking out lows, Tesla didn't move. We'll get to Tesla in a second. Facebook didn't move. Apple didn't move. Amazon didn't move. Netflix didn't move. The stocks that were really, really strong and the Wall Street darlings through generation to generation, through all the window dressing towards the end of the year that the fund managers wanna show their customers that they have these stocks in their books. They started getting really strong. They started taking out aggressive levels. And here we are, right back to all-time highs. Tesla looking phenomenal. Confirmed a major, major channel today. You got Facebook going nuts. You got Apple going nuts. You had a four-day run in Amazon going absolutely nuts. Microsoft woke up today, right? Had a nice sleep here for one, two, three, four, five days woke up again. Again, stone throws away from going crazy. You got square, maybe a day or two away from confirming this macro-linear regression line. You have even a name like Coinbase, right? That's not your traditional Wall Street technology, darling, right? Look at this thing. It is a day away, maybe a day or two away of confirming this whole channel here and start filling in this gap into this 275, 278 channel. So technology looks really, really great. Any weakness, like literally any weakness in Facebook, Facebook, Apple, Tesla, Facebook, Apple, Tesla, what else was going on? Netflix, they have to be bought into rising 60-minute support. Again, names like NVIDIA had had their really, really big runs. Leave them alone, okay? That trade is done. Leave them alone. There's a lot much more aggressive value, stocks coming off the bottom channels and those are the names that the money flow is coming back into. The craziest part about this is, we're what, four days away from Labor Day weekend, the majority of the institutional money flow is not even here yet, right? So if we can continuously kind of melt up, melt up, melt up, you're gonna see the true nature of aggression when people start coming back after Labor Day weekend. So the idea that the market is strong now, well, you haven't seen anything yet because of the liquidity, right? The really aggressive liquidity comes all across the board on this tape and there is a high probability that we do have a seasonality strength into the fourth quarter and we talk about this all the time. The Turkey rally, right? The Thanksgiving rally spilled over into the Santa Claus rally, into the January effect, yada, yada, yada, yada. It's all gumdrops and hand grenades. So going into tomorrow again, I'm trying to keep it as basic as possible, right? Tesla into dips, Facebook into dips, Apple into dips, right? One stock that's dipping, it's probably continue to dip despite beating their numbers to Zoom, which is really, really amazing that, yes, I get it, we're not locked down anymore, but the growth is still there. And this is a pretty aggressive reaction to after hours, despite beating their numbers. Not again, I'm recording right now, so is there something going on in the conference call that can shake some trees, of course, but this is a pretty aggressive reaction considering how strong the technology group is. But again, you can't really paint a picture on one quarter and kind of paint it into a corner with the overall effect. Again, if that was the case, then Amazon would be the worst company in the world because they missed their numbers. So the story is not still told, we're not yet told on Zoom yet, but from on the surface, it's a pretty ugly reaction into earnings. So let's talk about today, again, incredible aggressive moves, right? And again, it wasn't names that were random names that we would never watch before. These were names we trade, and that's the whole thing. It's beta, it's mega cap technology. And the one thing is, for all you guys who do trade mega cap technology, when these things wake up, man, they're not run by Wall Street bets. This is institutional money flow that's really coming in on the aggressive option side. And if you look at names, just in the last few days, you saw the 730s coming in on Tesla, the 750s. They saw 750 weekly, 780 weeklys, even before it confirmed the 730 level. You saw Apple when it broke above the 15170s level, right? You started seeing 52 and a halfs coming in, 55s. 160 call buyers coming in, very, very aggressive. The run up on Amazon, right? You saw 3,400, 3,500 calls coming in. So the money flow is there, the sentiment is obviously there, and now we are in the sweet spot going into the fourth quarter. So let's talk about today's pivots, Netflix, right? Netflix had a really great move on Friday, 553, 554 sneaky area, 558 needs to build. Now it needed to confirm 565. Again, not a huge move because it is a little overextended, but still nice little move here, traded all the way up into the 67s. This thing looks a little bit higher. I think right now the value in Netflix though is to buying it into rising 60 minutes support instead of chasing into, I don't use the word chasing, but buying it into strength just because it did have this really, really big two week run up that started from 521. So the value play in this thing kind of going forward is buying it near the 60 minute support. Facebook, 374 needs to build. Facebook just went absolutely bananas. So it took out the 74, it took out 77 and traded right through the linear regression line at 382, just an absolute monster move on Facebook. Square rejected 271 twice, needs to build. And Square is coming up to a macro area, not there yet. So it took out the 71, traded the 74, but it needs to clear out this whole channel here. So I'm gonna be watching this thing for the next couple of days. It might not go tomorrow, but there's definitely going to be a very, very important area coming up in Square. Again, when one goes, they all get pulled up. So you just have to be kind of ready for them. If you guys remember AMD 110 rejected on Friday, now 112 became a big level, needs a strong build over 112. Here was 8 and D, right? It took out the 112 and traded all the way up to 14 and a half before kind of reversing course. Nice move there as well. HUT, you guys remember HUT from Friday, right? HUT small cap lovers, 720, 735, big levels. They're coming for the September $10 calls. And I said this morning, big move Friday, right? Now it needs 785, 790 for a new base for more upside. Here was HUT, really good strong close, right? Big close here. So it took out the 90, right? So here's the 720, 35, took out the 90 and traded close pretty much at the high of the day at 830, really, really big move there as well. I see, you know, never got to that 1080 level. I still like the trade, but doesn't look like it has a lot of interest in this name. Maybe it wakes up the next couple of days. Goldman never came close to the 21, Schwab never came close to the 76, they sold financials today. AXP never came close to the 169, they never confirmed. eBay, 76, 75, 77 needs to build. Here was eBay, right? Here was eBay, took out the 76, 75, traded up to about 78. I still think this is like at least another $1 change in the name, nice move on eBay. And triple D, traded the 31, 20, never got close to, you know, reclaiming it, just going nuts here. 51, 70 on Apple, got rejected twice. Here was Apple, as you can tell, the theme was technology and they were just going up one by one by one. So it took out the 51, 70, traded the 53 and a half. Again, you got to look at Apple on all dips, absolutely all dips on Apple for tomorrow. Huge move, here comes 67s on Netflix. TTD, I still like here. So Tesla, right? Tesla, big area, 730. We actually got long off the 718. If you guys remember, for all you guys who are not in the webinar, we were talking about that 715 seller for a week. They cleared out that seller, they took out 717. We actually got long off the 718 level, but the 730 was absolutely huge. It becomes a monster level here. So Tesla takes out the 730 and now after hours, it's traded all the way up to 737. This thing looks higher. Again, guys, they were coming for the 750 weeklies, the 780 weeklies. And take a look, folks, any close now, right? Over this Bollinger Band at 735, there's like $50 of upside in this thing. Unless some crazy news comes out on Elon Musk and some orgie parties have gotten us some crazy news, right? If there's no macro news coming out on Tesla, no downgrades, no curveballs, no wrenches in the wheels, this thing has another $50 worth of upside in the name. So if Tesla starts building over that Bollinger Band, this would be a lot of room to the upside. Again, opening range highs we're watching for tomorrow. For all you guys who are not long, we're definitely watching opening range highs. And for all you guys who are long, hopefully we'll get a lot bigger move going into tomorrow's session. Let me give you guys some other names that look pretty good. I like Letter U, right? I think Letter U looks pretty good. Good consolidation here. I'm gonna watch the top of the range here. That looks good. I kind of like this TDOC. Maybe it has some negative effects just because Zoom is coming out, came out some crappy numbers. It's all the stay at home plays, but I'm still watching this bottom channel here. Again, not a lot of people looking at this thing. That's a good thing. Well, maybe not after this broadcast, but if it starts taking out this top of the channel here, maybe we could go on a little bit of a run. Again, I doubt that it'll go tomorrow just because of what's happening here in Zoom, but again, you never know. And look at Planteer, right? Planteer, we saw some pretty aggressive option flow coming into this thing. The only reason why it stopped here was this Bollinger Band. If this thing starts reclaiming the Bollinger Band, we saw some 30 calls coming in, some 27, some 28s short-term expiration. This could be a pretty good play as well. But that's it, guys. That's all I got. I got a crazy busy night tonight. Got a lot of stuff going on. Guys, have a great night. For all you guys who are coming to the webinar tomorrow, please get to Morning Strategy early. There's a lot of moving parts for tomorrow's open. And hopefully tomorrow, we'll get a nice seamless premium session. Guys, have a great night. I'll see you tomorrow. 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