 I like this setup here, man. I do. I usually don't put a lot of setups and really share a lot of setups, you know, on the video because, again, this goes out to everybody, but I like this setup. I really do. We got to watch this JK solo for tomorrow. 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. Here's Dan Shapiro to help you find your edge, master your process, and own your future. Hey, guys. Welcome to another edition of the AccessTrade.com nightly update show. Hope everybody is doing okay. So let's get into the market. So I think you could do a much better job than me talking about politically what needs to happen for a decisive winner. We all do know that it is a very, very close race, and these key battleground states that everybody knows needs to be won. Well, they need to be won. So I don't think there's going to be a clear cut winner for a while. There are a few states that are saying Thursday, Friday, which basically means Monday. So it's very, very unclear still who is in control. But we did see yesterday, and we talked about this on the video yesterday, we did see firsthand the kind of the aftershock, right? So in the beginning of the night, when people thought Biden was winning, you started seeing the futures trickle down, right? The cash futures were going down. And as soon as you thought that was all set in stone, if you guys remember, there was a really parabolic candle last night, really aggressive. And there was different ways to kind of look at it, right? People will say, well, Trump is going to win. Everything was all good. Apparently, a landslide for Biden was not in the car. And so there was a lot of room for interpretation. But the most important part was we started seeing the volatility that I really thought was going to start in the beginning of the week, but we did start seeing it last night. So when I woke up this morning, you know, again, I wasn't going to sit there and just watch the futures all night. There's no point of it. I don't trade futures. I don't have a futures account. So I woke up this morning and I saw the market up. That was up like 500 points. And automatically, I thought, you know, I said to myself, well, if the futures are going up yesterday with a Trump, with the Trump realization that he might win, well, the futures are up because of Trump. Well, apparently the futures are up because of Biden, which was very, very weird, because if you look at the groups that were supposed to be very, very strong because of Biden, they got sold, right? So the solar names, for example, they got sold. Again, how can the market be up embracing a Biden victory if they're selling, for example, the solar stocks, the wheat stocks? And by the way, great job, New Jersey. We are crazy, hamstrung with, you know, all these deficits and everything. So they legalized weed. Good job for the state of New Jersey, the garden state. The problem is I don't smoke. But again, I know for all you guys do, it's kind of a cool thing. Now you can get your weed for a medical reason, as long as you're 21 years old. So again, it was kind of odd having the market rally today as the names that were supposed to benefit from a Biden rally were selling off. So a lot of really confusing things and headlines. But again, I don't think this is going to go away tomorrow, Friday. We'll probably get some sort of a little more clarity probably over the weekend. I think that's the best way of saying it. But I think, again, I don't think I could do a justice to all you political fanboys and fangirls, then Google, Google, they'll tell you exactly what's going on. From the trading aspect, the market did exactly what we thought was going to do. If you guys remember last night, we talked about in the video the problem with yesterday's close, as much as I loved a lot of these setups, they were going to blow up because again, they were either going to, if you watched last night's video, they were either going, the market was either a gap of 500 points, and every single setup that I loved was going to be off and running, or the market was going to gap down 500 points, 1000 points because the market did not like what they saw yesterday. They saw last night. And exactly that's what happened. So we had this really big gap up. And if you look at kind of what we talked about last night, we were kind of into the realization this morning that if you came in flat like I did, I just trade ranges. Again, I don't know what's going to happen tomorrow. I don't know what's going to happen next month. I trade ranges both long and short. My definitive opinion lies in the channel. After a stock confirms macro, then we go into a daily channel, but everything I do goes into the channel. So this kind of environment is probably perfect for me because I'm in control. I don't have any inventory. I don't have any cloud of concern overnight. Just only thing messing things would be a really big macro event. And that's obviously what we had. So we had a choice today. Okay. And I think every, I speak for every single trader who came in flat today. Okay. We had a choice where either going to chase the price actions. For example, if I liked, you know, if I liked, you know, I'm just using the stock. If I liked Apple at 110, right? Do I start chasing Apple at 117, right? It's silly. It's stupid. There's no advantage there for me. So we had a choice to either chase the scoreboard, okay, anticipate a gap and go, sit it out, which again, you could always sit it out. I don't believe if you're a professional trader been doing this for a very long time, you could always finagle your way, you know, into the goal line. So I think we had some pretty good value today. But this wasn't, you know, a day that we woke up this morning and said, look, we got 30 stocks to choose from. Everything is breaking out. Everything's about to confirm macro. We love the market. It doesn't make a difference. What the headlines is just buy anything. And if you did that right from the word go, you got destroyed because that first poll was incredibly aggressive. What I like what we did today, it wasn't one of those traditional days that everything went. It was more of a day that we sat there. We picked our spots. We watched the names that were about to confirm either macro wise, which was a daily channel, or had some sort of catalyst or something that I set maybe in alert for a week ago, two weeks ago that was about to trigger on this gap up that still needed a second entry. So I was very, very proud of the way we kind of move today. I think that's the biggest point. We didn't get blinded by the light. We didn't need to chase the performance of other names that we liked significantly lower. We stood our ground. We waited for everything to play out. We caught some good bounce spots as well. I get fully guys on the Twitter feed. I don't put the bounce spots in there because this is just for natural pivots. We do that in the live webinar. But the more important is we were in control. There was no FOMO and we treated today and traded today like it was any other day in control. No expectations equals no disappointments. That means emotions are going to be removed. So let's talk about today's trading session. Again, pretty organic and that's the way we want it. Organic, boring, lethargic and that equals in control. So Baidu got upgraded this morning. That was literally the only natural, there was two natural breaks, Terradine and Baidu. Again, remember it was last time you saw me talk about Terradine. That's my point. Again, beggars can't be choosers. So Baidu 139, huge daily level. It also got rejected their pre-market. It needs to reclaim and build, got upgraded this morning, I believe, by Barclays with a $170 price target. So here was Baidu and this was just basically a daily chart break. This wasn't like one of those sneaky pivots we always talk about or anything outrageous. This was just literally a daily confirmation. The high on October the 14th was $138.98. So basically $99. If you looked at a pre-market, the pre-market high was also $139. So once it took out that $139 just really, really exploded. Really exploded, went all the way up to $144. Really big move there. Second one was Terradine upgraded $93.50, $94 needs to build. Basically $52 week high. So here is Terradine. Again, basic stuff. Sometimes you don't need creative channels to get going. Again, here's the whole channel here, $93.50. Everybody see you guys? $93.50. This whole channel here closed pretty much at the high of the day at $96 and change. So good early moves. Again, and this is the whole point. I kept on reiterating the point. We have to be super patient today because 99% of the value on the long side is gone because of this amazing, amazing, relentless, aggressive gap up. So you want to be very, very patient and wait for those channels to confirm the stocks that haven't gotten yet or else the last thing you want to do is chase a market up a thousand points in the last two days yesterday, gap up another 500 points today. The last thing you want is a rock pole and you get absolutely destroyed. So sit tight. Sit really, really tight. Pinterest, I still like this thing for tomorrow and never got to 62. There was two pivots on Tesla to the long side. One was right here at the open. 431, 432 needs to build. Wasn't a big move. Again, Tesla rested today. So here is the pivot at 431, 432. It was right over here. Put in like a $3 candle. That wasn't a big one. Not at all. We also caught one reclaiming, which I forgot to put on the Twitter feed, but there was one that we did in the room. We reclaimed the 25 area, ran almost to 28. That was a pretty good trade also on Tesla. But again, people asked me after the close, well, what do you think about Tesla? Why do you think it was weak today? I don't think it was weak today. I think the stock made a move from 379 to 435 in three days. Okay. Like everything else, it needs to wrestle. I don't think it's weak. So I kind of want to watch it for tomorrow. I want to give it the benefit of the doubt to the upside because again, it is basing above the supply here. So I do want to give it like one more day to kind of give me another clue what it wants to do next. But again, I don't want to pass judgment on it just yet. So again, take on the way up, take on the wake. I like this setup here, man. I do. I usually don't put a lot of setups and really share a lot of setups on the video because again, this goes out to everybody, but I like this setup. I really do. We got to watch this JK solar for tomorrow. The only thing is it's a little hard to borrow. I knew I checked this morning. I didn't have a locate. Maybe there'll be one for tomorrow, but I like this setup. And if this thing starts confirming this whole channel here, look at which room that there is to go. So we got to watch it. Not only JK solar, we got to watch a lot of this, a lot of the solar as well, but JK solar definitely looks prime. If it confirms, again, you don't want to jump the gun and say, well, I just said it's going to go down. No, no, no. I'm saying we have to watch it confirm to the downside. Again, you don't want to anticipate a move. That's how you get really, really hit. Again, watch it, watch it until it confirms. It's just a setup. 213 Roku needs to build for cashflow spike. I thought it could get up to 215. The reason why, again, it's already gapped up. Again, you don't want to chase something up $25, whatever the case may be. They do report tomorrow. They might be one more traded in it tomorrow, but here's the pivot here, 213 on Roku. So here's the 213 pivot on Roku is right here, right? Excuse me, right here. This whole supply right here, 213. Again, trade it up to 215 and change. Again, not the biggest move in the world, because again, you're already, we're buying it up 10. So again, you have to kind of curb your enthusiasm, how much more do you want these things to go? Again, you're trading from channel, right? Here's the top of the channel and you're trading to the next channel right here. So again, you know where your supply zones are. There are no guessing games here. Again, not every single trade needs to be a 20 point move. We like them, we want them, but it doesn't have to be that way. It's just kind of moving around with the mark it gives you. So again, and that was the whole point today. After the morning, we just said, look, we're just picking spots today. I'm not trying to reinvent the wheel. I'm not trying to forecast what's going to happen tomorrow. We don't know. Again, guys, we don't know. Everybody will run out and tell you how smart they are and what they think is going to happen next. I'm an idiot. I have no idea. Everybody, all my friends, we're all idiots. Anybody who's been trading since the end of 99, 2000, we're all idiots. We're just byproducts of time. And when you're byproducts of time, you're doing this for two decades, you kind of know what not to do. And this is kind of how I want to segue into tomorrow's session. We've now had a really, really big move, right? I think that was pretty much it. Just keep scaling, keep scalping. Yeah, that was pretty much it. So it was a very efficient day today. That's what I liked about today. It was very efficient. There wasn't really a lot of hiccups. It was just channels, confirmation, second entries, take your cash flow, rinse, repeat. Now, here's the problem for tomorrow. The market's up a lot. Now, again, is the point the market can't go higher tomorrow? Of course it can. Everybody knows the market going high. There's no such thing as I've been saying for years as overbought, oversold, but there is something called too much too fast. And for all you guys, especially who trade the smaller cap names or even momentum names, you guys know, there's something on social media, I think it's called the three-day rule, right? The last thing you want to do is buy a hot stock, gapping up three days in a row, because more times than not, you're going to get trapped on that gap up and they're going to reverse course and kill you. So we're kind of there the same thing in the market right now. We have a big three-day move. And again, granted, the markets looks great. The setups for tomorrow look great. I just have a hard time really looking at certain names that had this really magnificent move in the last three days. So going into tonight or actually tomorrow morning, I made a list of some longs, couple of shorts, right? I kind of want to be prepared on both sides. In my personal opinion, again, I'm a schmuck. I know nothing, okay? But in my humble opinion, if you are in inventory, basically long overnight, and you do get a gap up, I think in my opinion, it's a better sell than buy just because again, stocks don't go straight up, stocks do get tired. And if you look at the Dow towards the end of the day, and again, it's not an indication of what's going to happen tomorrow. I'm just, again, trying to connect the dots and putting pieces to the puzzle. But if you look at the market in the last two hours, the Dow went from up $650 to being up $350, right? Again, is that going to translate into tomorrow's session? Maybe not. But the point is, again, let's at least be ready, okay? Don't run on fumes. Don't guess. Don't anticipate, okay? We have the evidence in front of us. So going into tomorrow, you know, I'm very, I'm very delta neutral at the open. I want to see how everything plays out. But I was very, very conscious tonight to make a list of longs that haven't gone parabolic or haven't gone on the supermassive run that either closed above the five or 10 day moving average that needs good confirmation into tomorrow's another push. Again, if you're buying the stock, they just literally went from 150 to 185 in three days. What else do you want? They just literally went 35 points in three days. How much more do you want before, you know, somebody pulls the rug and you're unprepared? Again, it's better to be a day early than a day late. And that's kind of my mindset going into tomorrow's session. So guys, for all you guys who are political fanboys and fangirls, again, may the best man win. We'll probably get some sort of closure by Monday, the year 2036. God knows what's going to happen. Guys, God bless. I wish you all the best. Love you all. And I'll see you on the field tomorrow.