 And it's one of those situations that the hot money is there, you know, the hot money is there. I think anybody who's waiting for the calendar to turn, you're going to be late to the party. 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. This is 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 AccessaTrader.com weekend update show. Hope everybody is having a great weekend. Hope everybody had a good trading week. This is by far my favorite week of the year. We have a short trading week, which is always great. If you've been trading for a long time, those extra days off are really super important to kind of always recharge the batteries. But what's great about this week, it starts off a phenomenal holiday season. This time of year is always my favorite. Unfortunately, a lot of people don't see it that way. But for me personally, I think I can speak for a lot of people in the world. This week is just a great family building week. You have Thanksgiving, which is awesome. You have a short trading week. Again, for at least for me, it gives me an extra day to kind of relax and spend some time with the family, kind of recharge the batteries. You got football and you have my favorite, absolutely my favorite holiday throughout the week of Thanksgiving, which again, I spent the majority part of the last two, three weeks kind of just watching what I ate. Not crazy, believe me. I'm still off the wagon. But again, everything is setting up for this week that I literally try to gain 40 pounds in one day. But nevertheless, it is an awesome week and for all you guys who are watching this broadcast for the first time, or just on a weekend basis, I want to wish you guys a happy and healthy, most important healthy, very, very healthy start of your holiday season. May God continue to bless you and your family. And I wish nothing but happiness for the rest of your life. So hopefully you guys will have an awesome start to your holiday weekend. So let's talk about the market. From the technical point of view, first of all, the action has been super, I mean, just really super. I think that's the best way you just kind of end that statement. Although the stocks that I trade as a group, and I think you can see that based on how the cues have been really going sideways now, and you're talking about now one, two, three, four, five, six, seven, eight. So you're talking about two weeks, basically, of the cues going sideways. And although the market has been incredibly hot, I mean, I think that's the best way to say it. The beta names, right? They've been good, but they've been good one at a time. We'll get to that in a second. The speculation names in this market have been completely off the charts. And I hear traders talk about all the time, wait till the January effect, wait till the January effect. What do you think has been happening since March, right? The January effect, for all you new folks who don't know what that is, it's basically a lot of money flow into a lot of small cap, hot money, capitalized stocks, really big speculation money that people lose control and just chase prices. That's kind of been happening since basically, since the bottom of March where this whole COVID thing really started, April was probably the craziest month ever. And now we've just been kind of rolling along. So I think for all those people who are just waiting for the calendar to turn January 2nd to get a hot market, you're in the hot market. Okay? The date on the calendar is not going to change your trading. The date on the calendar is not going to put extra commas in your bank account. You're in a hot market. This is your market. If you trade speculation money in smaller capitalized names, well, what else do you want, right? I mean, what else do you want? Like again, it's like having a four-course dinner and the waiter's taking your plate and you're trying to lick off the last crumb off the plate. How much more do you want? So I think if you've sat there for the last three, four months and waiting for this magical holiday session to start, it's going to be your market. Well, unfortunately, I tell you, you missed it, right? This is it. You're in this market. And all you need to do is look at the groups that have just been constantly going and going and going. These EV stocks have been the absolute hottest names on the planet, right? I mean, they really are. I mean, NEO has been going absolutely crazy. NEO and stock, anything to do with batteries, K and DI. And again, say what you want about these companies. A lot of them don't even produce a product that you can understand that you'll probably never even see in real life. But again, it doesn't make a difference. Our opinion means nothing. And when you're in a runaway train, and that's exactly where you are right now in these EV names, you're going to be put into a situation that you are going to say to yourself, well, I could either lead them alone, participate in the long side, which again, on the long side, it's very, very tough considering some of these stocks have gone, for example, like K and DI from 5 to 15. Or I can start shorting and try to pick a top. The only thing that probably will work on a short term top is kind of like a solo. A solo Citron came out on Friday, turned around and said, well, the stock's a joke. The stock belongs at $2 a share. OK, right? And they do have a heavy ax. They do have a heavy ax. They do have a heavy following in the market. And this name probably will start trickling down below $10 this week. But again, the overall sentiment is not going to do a tax solo one way or another. I couldn't care less about this name if it disappeared off the face of the earth. The moral of the story is people are chasing. Even these SPAC names, KCAC has gone on a really, really big run. And what are the other names on there? Even put it this way. I trade beta. This week I started trading names. If you've been watching this broadcast, I've never would ever trade in your life. I even took a small stock overnight. And I've taken very, very, very, what is the word I'm looking for? I took very, very rarely that I took any overnight this year. I don't even remember this. Oh, XXII, that's it. I even took a stock. I even bought a stock like this overnight. I bought it $0.98. My last sale was like $1.17 and I was shocked and I watched the stock go to $1.80 this week. Even to the point of trying to facilitate myself, to put in my position to try to catch my own wave in these crazy energy names, the EV names, I even bought this thing on Friday. I bought this thing at $10.15, that's where it closed. I traded a little bit after hours, but I'm hoping this thing gets fine and maybe this thing goes up $2, $3. So again, it's one of those situations that the hot money is there. The hot money is there. I think anybody who's waiting for the calendar to turn, you're going to be late to the party. So the key is don't chase these things, right? If you see a stock, for example, that goes from $2 to $11, the last thing you should be doing is buying the stock at $11. But again, this is the market that kind of capitalizes and if you do trade these smaller names, this is where you can shine because again, these things do have a shelf life of what, two to three weeks throughout the year. You're in it, right? You're in it with an extension time zone. And again, if you do play these stocks, again, play them very, very responsible. Don't chase the stocks that have gone already, you know, gone already, you know, look at the laggards, look at the ones that are coming out of channels that potentially could get hot and that's the name of the game. Other than that, if you look at the indexes, pretty flat this week, right? As that composite closed up two-tenths of a percent, the Dow and the S&P, you know, down a little bit, nothing to even write home about. And if you look deeper, I mean, really, really deeper in what's going on, especially in the diamonds, you know, you can see names like a Boeing, right? Really taking big reins of what's going on. But again, if you look technically of where we closed and what we've been doing that for the last three days, you can see there's something going to happen that, again, if you don't pay attention, and we talked about this on Wednesday's session, if you guys remember, on Wednesday's video with the Thursday, we talked about this 290 level on the queues. Right now we're talking about the Dow, but we talked about the 290 level on the queues. That area over and on there is going to be very, very important. Any close below the queues above 290 is going to be very, very bullish. Any close below 290 is going to be very, very bearish. And if you guys remember, Wednesday night, we closed below 290. We opened down to like 287 and reclaimed right away. But now we're kind of holding on to dear life. And I think that's going to be the more important macro view of what I think is going to happen this week. I think the speculation money this week is still going to be very, very obvious. There's going to be incredible rotation still in these EV names, in these, you know, in these charger names. You know, anything to do, anything, you know, Bitcoin names, right? These Bitcoin names have been on fire as well. Riot and Mara, you know, a lot of these Bitcoin names have been in fire. So the speculation money will be there. Okay, I have no doubt of that because there's no reason for them not to because there is nothing that's going to materialistically change. If, you know, for example, these Bitcoin stocks, if, you know, Bitcoin goes down 5,000 in one day, are they going to have pressure? Sure, they will. But again, what's going to take that dynamic effect, right? What is going to cause that? And that's the most important part. I don't see any leveraged selling pressure in the names that have been running. So I could see a continuation of these stocks being in bloom. But again, the more important of the general market, this is where the concern starts to kind of appear. So we look at the diamonds yet two days in a row, closing below the five-day moving average. Again, for me, very, very short-term sentiment. That's not good, right? And that's, again, nobody's saying we're going to go to zero. We're just saying it's not good, right? We trade, we're traders. We trade both sides of the market. We don't care which way the market's going. Again, obviously, I always prefer for the market to go higher, because, again, it's just more volume. There's more liquidity, right? When there's less people on the sidelines and have less liquidity. So I always prefer the market to go up. But honestly, do we really care? A channel is a channel is a channel. Whether it goes higher or whether it goes lower, it doesn't make a difference. So you had two days in a row, closing below the five-day moving average. And yesterday or Friday was the first close below the 10. Again, if you believe in the theory, and especially if you trade the PS60 theory, you know that the 10-day moving average is the birth of the trade. So if it's the birth of the trade to the upside, well, it has to be the birth of the trade to the downside. And the first close below the 10-day moving average, and you can see, again, where the measure potential is. Again, nobody's saying it's going to be armor again. We're going to go to the lows. We're just talking about a nice, modest, gradual back test potential. If we confirm Friday's price action, all the way down to this 288 level, which is not really a big deal, because this is where the market broke out. You can see where this is where the diamonds broke out. It'll only become a big deal if we start closing and start confirming 288, and then obviously we have a lot more room to the downside. And the cues, for example, you look at the cues, again, like I said, they've been doing absolutely nothing for the last two weeks. I mean, over, under, over, under 290 has been the big spot that's kind of holding on to that 290 level. But again, what we have to pay attention to this week is any close below 290, again, then you start looking at prices 286, 285, and obviously to the 50-day moving average where exaggerated measure potential could affect. Now again, all these things could happen. Like, for example, Friday had some really good action. It didn't even dawn on me that the Dow was down 250 points to like two o'clock. So again, the indexes really doesn't matter. So it's almost like a mood point of dwelling on the indexes, but the last thing you wanna do is be long equities over and over again, say to yourself, ah, Dan said there's no repercussions. Don't worry about it. Speculation money will flow. It's all, you know, it's all fun and games until somebody catches a sharp stick in the eye. Again, you have to be conscious where the indexes are and it might not affect you one day like a Friday because good speculation money's coming in. But if there is a buyer's strike, believe me, you're gonna feel it. Again, we can't be that arrogant to think that our stock is gonna be immune to any macro selling. So again, just to keep an eye on the important levels, again, 290, over, under, on the close, on the Q is super important, on the diamonds. Again, if we start building below this 292, 291 level, again, then you have a measure potential of 288. If you look at the SPX for this week, again, two days in a row, right? You can see it, two days in a row, right? Well, actually three days in a row, excuse me, three days in a row, under the five, they first close under the 10. Again, that's a sell signal. It's not a buy signal. I'll give you my word. This is a sell signal. So if we start confirming down 35, 42, then you have room, you have a lot of room all the way down to like 35, 14. Again, can you sit in your positions on the long side knowing that, hey, you have a possible 30 handle back down on a back test and be okay with it? Maybe you are, maybe you're not, but again, at least you know, at least have conscious that this is on the table and this could happen. Again, maybe your stocks will be left alone, but they probably wouldn't. Again, 30 handles on the SPX, right? It's not a pimple, right? It could turn into something. So be very, very conscious of where we are from the point of a macro standstill. Overall, this week was very good. I mean, picking spots, very good. Tesla is a monster, still had a really good res day on Friday. Although Beta still, I wouldn't call them dead money because again, the cues were kind of going sideways, but the kind of cool thing about Beta, and we saw that firsthand on Friday with a trade, for example, on Netflix, that this was my last trade of the week, you could see this move here. You're going to have pockets of really aggressive interval strength. And a lot of people, when you look at a chart, for example, on a Netflix, you'll turn around and say, Dan, the chart sucks. It's terrible. You're right. You're absolutely right. The greatest thing about the PS60 theory is we're trading those channels. So even though the chart looks terrible, right? If you look at this, right? If you look at all this and you say to yourself, wow, okay, it looks like it's about to go. And what do I do? I'd put up a $5, $6 candle. And you're not going to see that in the daily chart. So we are getting pockets of strength in these names. They're not sell-biced yet, although I'll give you a couple of examples in a few minutes that I do like this week if they do confirm, especially if the cues and the diamonds and the spice start going lower. I like some setups on the short side. But again, because this market is so hot, they've been rotating one by one into the beta names very, very slowly, but they have been rotating. So again, there's nothing going into the week that I like about Netflix. But again, on the intraday cycles, if you're patient, we are getting opportunities like we saw on Friday, really, really aggressive move coming out of a channel. Stay at home names, kind of a delayed reaction. And again, guys, and again, and I say this, I say this in the nicest way possible, okay? With the most respectful way possible. COVID is real, okay? Anybody who keeps on saying, stop talking about COVID. Okay, you know what? Let's click our heels, close our eyes, say a prayer and this thing's gonna go away, okay? Grow up, it's here, okay? We just gotta figure out how to live with it, okay? So when we talk about the stock market in regards to COVID, we're talking about something that's literally affecting the economy, our friends, our neighbors, our family, maybe ourselves. So again, the idea of stop talking about COVID already. Okay, okay, you wanna grow up? Or you wanna continue to be a baby, okay? It's real, learn with it, deal with it, again, move on. But from the point of the trading aspect, you finally saw this week, how a name like Zoom finally woke up again. How a name like Docu finally woke up again. How a name like Peloton finally woke up today because again, that is the theme. So you could say what you want about COVID, this made up disease that's really not real, okay? But again, the stocks are still going to participate, okay? The stocks that are being affected both positively and negatively because of COVID are still gonna trade and they're gonna trade very, very aggressively. So I like the COVID names going into this week. It's one of the groups that I do like, because again, like for example, us in New Jersey, we're getting on the average of last two weeks, like 3,800 new cases a week. So that's not small potatoes. The school system, at least my kids are virtual till indefinitely, right? And again, we're watching very, very closely how going forward, especially these two weeks, is gonna be crazy. Again, the Fauci, I believe, turned around and say he wouldn't suggest mass travel, but again, this is the holiday season. People are gonna be traveling. So these next two to four weeks, you know, we're gonna have a huge spike in COVID. So again, you could turn around and say, stop talking about it, okay? It's like me turning around and saying, you know what? I'm gonna stop talking about my mother-in-law. She's still there. She's still batshit crazy, right? She doesn't go away because I stopped talking about her. So that's the whole point of COVID, okay? It's all part of our lives. So again, we have to be intelligent enough and just be responsible enough to kind of live with it. So these names are gonna be in play as well. So going into this week, index-wise, I am cautious on the index-wise, but again, I don't think it's gonna affect anything. I really don't. I don't think it's gonna affect your long trading because these speculation names are gonna be still very, very good. These stay-at-home names, they're basically like a day or two really confirming back macro to the upside. Although, for example, like Peloton had a really nice move off the bottom channel. It's still, as you can see here, it still needs to confirm this channel. If it does, look at the hot pocket potential it has, right? If you look at Zoom, even though it had a really, really great run this week. And again, this is a five-day move from 375 to 540. Think about this. It still has to confirm this whole channel here just to get back to 471. And obviously any close over 471 starts a really, really big macro move. So again, they're not out of the woods yet, but you can see the potential if they start confirming these levels where they can go. But again, on the flip side, let's start talking about some ideas that I do like to the downside as well. So if you look at the video, for example, and you'll see if you go through charts how many names are really, really close to really breaking down, you can see their measure potential, right? So if we're starting to see weakness in the cues and they start losing that 290 level, again, look at the names that just didn't rally for the last couple of weeks. And you can see the channel here in the video. Look how many times it held this rising support. So if it confirms down, look how much room it has, right? This thing literally has, what? 25, 30 points to the downside. Look at Boeing had a monster, monster run, right? Huge, huge run off the bottom. You know, went from 141 to 223. Look at the 60 minute view, right? Look, look how tight, guys, look how tight this thing is getting. Okay, look how tight this thing is getting a rising support. If this rising support loses, right? You have, again, your first move is not gonna be huge. Maybe, you know, four or five bucks, but you have a lot of potential again, especially if the market confirms down. Again, remember, we're not, we're not guessing where they're going. Okay, we have a channel here. We're gonna be watching that channel. And if it confirms, then it becomes a sell signal. If not, then Boeing's gonna turn around and start going higher. So it's very, very important to wait for confirmation. So I think this week, number one, generally is gonna be really good action. Again, you have three full trading days. Wednesday, you're gonna see the volume really start shrinking up. And I think it's very, very important to understand that. A lot of people will be traveling again. People do spend time with their families, especially on the holidays. So again, it's kind of a risk reward to everybody's scenario. You know, you catch COVID, if you probably put yourself in a situation of a mass travel, okay, I mean, that's again, everybody's personal choice and I respect that. There's no judgment, okay? Everybody needs to live their life. If you want to live your life, the way you want to live your life, there's no excuses to, you don't deserve an explanation to anybody. And that's where I'm kind of just drawing that line. You don't need to explain to me. You don't need to explain to Joe Blow on Twitter. Whatever you do, just make sure you do it responsibly and carefully. So let's talk about Friday's session very aggressive, you know, very, very aggressive session. Snapchat finally broke out 329043 needs to build. Snapchat, you know, really had a really big move, right? So it took out this whole channel here. And again, it's not a 52 week high. That's the whole point of when we talk about sneaky pivots. It confirmed this channel here and traded right back here into supply into the 4430s. Obviously the macro break will be above this 4560 channel. Great job for all you guys who bought it, who are still in it for a run. Roku broke out really aggressively this week. Here was kind of like the cherry on top. 258 needs to build. And again, here's a perfect example of beta names just literally going one by one. So 258 was right here, pretty basic stuff. 258 traded all the way up to 266, big move on. Roku looks higher. They struck that deal I think with HBO, HBO Cinemax. NET continues to be good. It's awkward trader, but again, it's still pointing the right direction. 67, 67 and a quarter needs to build. Not a big move at all, not a big move. It took out that area, traded the 6820 right up about a buck or so. Again, it still looks good. Again, as long as it keeps on hugging this rising trend line, it's good to go. And again, any strength in this name should get at the $70, some nice move there. Netflix was beautiful. Again, and here's the whole point. Beauty's in the eye of the beholder. So again, if you looked at the Netflix chart, you're just saying yourself, man, this is one ugly chart and you'd be right. But beauty's in the eye of the beholder. If you do trade channels with us, and that's what we do, we trade channels, I knew how important this whole channel was. And if you look at the notes, 489 has been rejected three times. It needs to build. Note, there is a little bit of supply at 490.50, but if they could reclaim 41, it's a stretch. It's gonna stretch. And that's exactly when Netflix did, took out this whole level here and traded right to the 495 level. Really nice way to end the week. Again, here's an example of stocks that are just reacting in the same group. This is the pivot we put in the feed on Thursday afternoon, BLDT macro play. Any close over 17.90 can confirm macro. Again, same group as fuel cell. And beautiful move. It closed above 17.90, right? It closed above the area of supply and traded all the way up to 1960. Again, here's the area of supply of 17.90 that I talked about, and really, really nice move. Again, if this thing could just confirm, you know, 1975, 20, you could potentially have a move to 21, $22. If all you guys are still holding it, great job is there. HCAC, keep an eye on this thing, guys. And again, this is my point of I'm trying to find names that haven't gone yet in this EV space. Keep an eye on this HCAC. It starts building above 11, it can go. So Roku was very, very strong. New highs coming up there. Again, we started seeing some volumes, you know, kind of getting tight towards the morning and then things just woke up again. Docky was really good. I took a scalp on Docky as well. 223 needs to build. Zoom woke up, so Docky woke up as well. Here is Docky. It took out the 223, which is a previous day's high. If you look at the macro channel, you can see here, right? Took out this whole channel. Went to about 226 and changed. So that was good for good cash flow. Yeah, so this is the stock I bought. I bought the stock at the 1015. Again, who knows? If these things are still, keep an eye on this thing. This thing starts building 1030 or so. Maybe it goes. I bought a 1015. Keep an eye on this thing. Again, I don't do a lot of overnights. I'm an intraday trader. I trade channels because there's so much range. But again, this thing, yeah, it took a shot. Let's see what happens here. So I'm gonna risk 20 cents on this thing. Who knows, maybe it catch lightning in a bottle. And this thing explodes. Netflix, again, great move there. KCAC, I still like for this week, around the 2150, 2175 level. So really productive week. Tesla, Tesla, I hate to say this. I hate to say this, Tesla bears close the ears, right? It's just resting. I'm telling you, it's resting. Had a major upgrade, got added to the S&P 500. Goldman Sachs, I believe was very, very, had a very bullish note on this thing. On Thursday, talking about that the index managers have to own this thing. If you all run an index S&P fund, this has to be your portfolio. So again, folks, this is the most hated stock ever to be added to the S&P 500. And if it starts confirming this channel here, then it's gonna run to the top. And look how much room you have to the daily, right? You have a lot. But again, we don't anticipate, okay? Never anticipate. Always look at levels and wait for them to confirm. So guys, for all you guys who are joining us in the live webinar, please get there around 9 a.m. Eastern time. We start morning strategy. For all you guys who are just watching us on the YouTube platform, I wanna wish you guys a happy and healthy and beloved holiday season. May God continue to bless you. Guys, have a great, great week and love you. And I wish you all the best.