 There's so much value in other names and names that I would probably not trade a year ago or even six months away Hell even four months ago now. I'm trading on a day-to-day basis. I'm even trading a lot more small caps because 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 giving everybody welcome to another edition of the access a trader that commonly wrap up show Hope everybody is doing well. Hope everybody had a great three-day weekend nothing really to report as far as Macro change right you have the market kind of doing them what the market does the market was very very strong Pre-market futures are surging up 200 points had a little bit of profit-taking You know NASDAQ can pause it down a little bit the the Dow up a little bit again That's not going to make or break your day And you know again these indexes kind of been kind of irrelevant for a very very long time What what's amazing what continues to work and you know We talked about this kind of nausea for the last several weeks all these small cap stocks getting really Aggressive option flow and if you've been kind of watching this broadcast just for the last you know even the last several weeks You saw OGI go nuts. You saw DNN and DNN still going nuts. So we had this little one today This ITP which which just a really amazing movie if you really think about this You had buyers coming in you're the same common denominator over and over and over again you have Out of the money calls coming in right you know two and a half and four dollar calls coming in all day like literally all day They're coming in short-term expiration. They're coming for the March 19 expiration. I said look the stocks to the dollar 18 That's where we got along you know dollar 18 and the stock right now is a dollar 48 after hours Just just an unbelievable thing and the most incredible part about this is I'm not a Small-cap trader. Okay, that that's not my game It doesn't make a difference again here here. You could see you could see all the repeat call buyers And they were coming in small at first and they started coming in very very aggressively With with two and a half's and four dollar calls as well But you know the funny thing is I'm not a small-cap trader anymore I used to be years and years and years ago the game has changed all these alert service and all that stuff But this is what's working right now like it's working really really well And again, I don't know how long this is going to continue to work but until it does Anything that's out of the money that's repeat aggressive call buyers You know you almost have to have to take and and and see how long this trend lasts and until it does It's a pretty good game other than that a good action in the markets We'll talk about the pivots in a second I think that the the most important takeaway what we continued to see You know not that the market is not strong the market is very very strong But technology as a whole is really not mirroring how strong the market is of course NVIDIA is still acting incredibly well right that from that 560 breakout we talked about that from that 587 confirmation acting very very well You know doing doing the run up ahead of earnings zoom Continues to act very very well Broke out above that 400 405 channel But again if you look at the rest of the group and it really does sound like a broken record But you have to at some point say well wait a minute if there is At any type of back test and again when we talk about back tests remember We're still using that 305 number on the cues and if you look at the cues You know there's no way near so the idea that we are set for a back test in the overall market is ridiculous Right is absolutely ridiculous. We're still 30 points above this whole macro channel that we have to even Entertain before the market you could talk about technical damage So we know we're there but the point is well what what are these stocks going to do? I mean like when are they going to finally wake up? I mean look at amazon right? It's been sitting in this channel for an incredibly long time They came out with earnings no stock split no no any news that will give you any type of catalyst to run right Nothing you had netflix come out with incredibly good earnings and all they did was just sell off and now kind of go sideways Like every single day i'm sitting here and I say to myself well, maybe today's it's finally going to come out of the channel Well, maybe tomorrow it's finally going to come out of the channel eventually these stocks do and again When you look at facebook we'll talk about facebook in a second Facebook is it was another name at least it finally got out of the channel today and made a little push But if you look at all the names, there's something really really wrong with technology We don't know what it is, but the strong ones when we when they do confirm They do make moves we talked about google On the weekend update had a really aggressive move here not only took out The 2100 channel it broke out above the earnings highs of 2115 and put in a high of almost 2150 So there's some names that are acting very very well squares another one That's been doing incredibly well But when you look at the traditional leaders the apples of the world right the apples of the world Just can't get out of its own way matter of fact apple looks like literally one day away for maybe testing the 50 day moving average You know that looks Absolutely just just tired just the just just not eventful It feels like nobody wants to even participate in these names You look at a microsoft today right they got upgraded today with a 300 price target It was a perfect you know perfect way to kind of kick off maybe pull up All these technology names and this stock did absolutely nothing So the one thing that this was like you know a year ago I would have turned around and said well, you know, we got to wait for beta We have to wait for these things to wake up and now You know and i've been saying this for for a long long time, you know, i'm a beta trade I trade 95 of beta, but again because they've been so uninteresting I think that's the best way of saying and you have to really Pick your spots in the video here zoom there Uh, you know amazon here google that whatever the case may be because they've become so uninteresting and so lethargic There's so much value in other names and names that i would probably not trade a year ago or even six months away Hell even four months ago now i'm trading on a day-to-day basis I'm even trading a lot more small caps because that's where the option flow is That's where the emotional chasers are really getting aggressive, especially in the morning But that's where the value is and at the end of the day It doesn't make a difference what you're trading right? It's like like I say this all the time It's not the money. Excuse me. It's not the market that I want It's the market that I have and at the end of the day when it's all sudden done We're going where the value is right? We're not going to An area of the market that we feel that we need some sort of validation to trade that market If the money flow is not there then you can't be there with it. So if you look at today's pivots Very very aggressive. That's the best way you can say it Some beta you could see facebook TDOC, but you had a lot of really good moves in stocks like bongo for god's sake right bongo that we talked about A little bit over the video tesla. I had a really nice Short today on tesla. Yeah, it's not rallying of folks again We talked about this in the weekend video if something does not go up and the longer it starts putting in lower highs You have to start pay attention to its bottom range and maybe we're two three days away Maybe it starts testing back Uh to friday's channel. Maybe it starts testing below the january 29 channel It's just common sense if these things can't go up, right? Well, they must go So let's talk about today's pivots. Um Mac or wise nothing to talk about. All right gel. I was watching this thing Above 470 never got close to the 470 level, but this was kind of the mystery stock I was talking about over the weekend buyers came in for The march 10 calls, right? We got to watch this thing if it starts building over 470. Maybe this thing wakes up So, uh, let's talk about the day. Uh, facebook just in case it wakes up today 274 needs to build and in these days, you know, if you get one beta trade a day You consider that good. I mean because they're just it is so out of favor. It's not even funny So, uh, you could see her three times in a row. It got rejected off this 274 level today. Finally woke up Uh stock traded the 276 uh 276 60 this is go higher. You know, maybe it reclaims uh tomorrow's channel For today's prices. Maybe squeeze it out to 280 again It'll see how weak or strong these beta names But again, but it is it is a little bit frustrating that they did these can't just put up these Magical candles anymore or at least not the ones from a day-to-day basis. Uh, google Very very strong. We talked about google. Let me just go one by one. So we don't skip anything Uh, yeah, so bingo. I traded bingo today. Nice move off that $15 move bingo needs to reclaim The $15 highs here was bingo, right b n g o You know, here's the $15 break, you know, nice move here, you know, had a nice little spike traded off his highs 1570s it still looks higher, right? It still looks like if it starts reclaiming Over 16, I think it goes Again, I traded some laser as well 38 80 39 needs to build Here was laser, you know, nice little move on the laser nothing, you know, nothing crazy But it took out that 39 level and went to like 40 and changed before a reversal again Not not every single trade needs to be this magical bullet Chewy 19 I lost track of Chewy today. So I don't even know what it did today 1975 120. I didn't trade Chewy today What the hell did Chewy do today? It looks like I traded literally the 120 I got literally the 120 it looks like I never Confirmed it and just went straight down Um, let's see here google exploded absolutely when that's uh, if it opens under 2100 It needs to build that but the macro area for all you guys who did miss the 2100 You had every opportunity to look at the 2115 area And the stock put up a $40 candle really really good move there on google Congratulations for all you guys who caught that. So here was the sneaky 2100 here was a 2115 And traded to 2145 so big that moved there as well When we talked about when on the weekend update a 120 needs to build here was when Right, here was when took out the 120 and traded all the way up to 123 On a half nice move on win TDOC 300 needs to build not again not a big move at all You know not a big move but again not everything needs to be amounts to move So it took out the 300 and it traded right to this channel here of 308 You know you'd figure at a very very bare minimum It would have really started getting aggressive above that channel, but again a $8 move on a $300 stock It's not the worst thing you can you can do All right, gel. We talked about that facebook. We talked about nice move on google Had a spike here had a spike on bingo 2180 still I still like that measured potential there on google Tesla I call up tesla, you know decent trade on tesla I thought the stock can get down to the 793 channel and we talked about why in a second Take on the way down. So I like this pivot here I really like that pivot here 804 803 on the five minute support if it builds below can flush So if you look at my comments as the stock is coming down 793 is the next support. So here was you know here was tesla, right? It took out this whole channel here, right? It took out this whole channel here Took out the seven 804 channel here. You can see the low of this candle here is 804 It took out the 804 and traded right to the low of the upper bolinger band Excuse me the lower bolinger band of 792 44 for this thing to really get aggressive It really needs to start taking down Friday's channel of 785 But this whole level here this 129 January 29 lows I'm telling you folks you can say what you want, but if they start violating this 129 lows You know this there's a lot of room down. So again, it might not happen today might not happen tomorrow might not happen Right, but at least of again for you folks who are trading the markets You know when you're if you're a trader if you're an investor again, this is not for you We love tesla, right? We love tesla if you're sensitive leave the room. We love tesla We're talking about from the trading aspect Uh, we're we're you know, we caught a good pivot on this thing on friday through the downside We caught a good pivot today to the downside again This is the big number whether it Validates it tomorrow and next week or never does at least let's watch continue to watch this bottom range And especially if they do pull the plug on the market. This is a very very Clean channel. So going into tomorrow, you know You have to give the bulls uh continued benefit of the doubt. I think that's the best way Of saying it. Uh, there's a lot of SPAC names Continue to be really really good like look at this psac Right really nice looking, you know SPAC or EV whatever the hell head is all these things are the all the same to me It got rejected three times in the top of this channel here tomorrow If this thing could just reclaim this top of the channel here, you have a lot of room up So definitely keep an eye on that Another you know kind of SPAC name. I like look at this BTWN had a big move on February the second today stopped right at the linear regression line if it starts reclaiming this area It might start testing this candle here. Maybe start pushing off that 18 dollar level. So let's keep an eye on that as well. Let me see what else I like here for tomorrow. Um Let me see what else I like here for tomorrow. This ALDX looks interesting Let's keep an eye on this ALDX nice little range That's developing there as well And um, I kind of like this royal Caribbean. I know it's crazy, but I kind of like it first closed today Over the 50 day moving average if they could just reclaim this whole channel tomorrow You know, maybe we could get a we could get a push on these uh cruise ships. So that's it guys Hopefully everybody had a good day Obviously ITP out of nowhere a 30% move. So hey, they continue working until they stop We'll continue to play them guys. Have a great night. Everybody. God bless. Have a phenomenal rest of your week Well, god's help. I'll see you all tomorrow