 First entry always is going to fail. That's the whole point. They're triggering stocks. Second entry sale, guys. Again, second entry, folks. It's always going to fail. 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, good evening, everybody. Welcome to another edition of the Access to Trader.com. The wrap-up show, hope everybody is doing okay. There was no broadcast yesterday. I was ready to record the video. I usually take the night off on Thursday, but my son had a basketball game that was pushed up and had to drive into a different town and blah blah blah, so I couldn't record the video. Recording it tonight. So hope everybody is doing well. So, very, very odd day, right? We spoke about a couple levels pre-market that I believe were going to be very, very important for any type of continuation back to the upside. Yesterday, without recording the video, was the first time we saw strength in a very, very long time. And it felt like months and months and months, but it's been like five, four or five days. And the strength not only came from a lot of the beta names, right? The strength came from a lot of names that just got absolutely destroyed, like literally destroyed for weeks and weeks and months and months. So names like, for example, like an SKLZ, right? Like a name like this just got, you know, got murdered, had big, big runs. Even NKLA, the forgotten fruit of the EVA names, right? So a lot of these names, you guys saw similar charts and this was kind of a really, really good macro feel yesterday, kind of going into today's session. And the one thing, one question that we had going into today's session was, well, was yesterday just a one day wonder that all the garbage, all the septic tank kind of rallied all at the same time because at the end of the day, we're still on the supply. Or is this finally, right? Kind of like what the bulls needed, baby steps, kind of a breather and just kind of wake up and start putting our next leg higher. And the two areas that we started talking about today at pre-market, at Morning Strategy was these two channels here. And these two channels were back-to-back days we stopped at 339.50 on the QQQs. So any close above that 339.50 on the QQQs would have done two things. Number one would have taken out two days of previous range, but more important, reclaim the five-day moving average. And again, a five-day moving average for me at least is the short-term sentiment of it all. And it really gives you a pretty good idea of what's gonna happen for the next day. And everything was going great, right? Like literally everything was going great. A lot of names were kind of bouncing and starting to reclaim levels. Apple was sitting at a good macro range, reclaim the five-day and all it had to do was close it. Tesla was ready to close at its highest level in this whole formation, right? Very, very close. Like everything looks super good for tomorrow. And a few things still do. And then somewhere around, and again, QQs got above this 339.52 level. They were approaching that 340 level. And I have to apologize to everybody in trading. I really do, the whole trading community. I tweeted out, if you go on my regular Twitter feed, you'll see it, I tweeted out maybe a minute, a minute and a half before this news. And I said, hey, if the market just closes like this, if the market literally closes like this, we got some really good premium tomorrow. What great about tomorrow's session was tomorrow on any reclaim on the five-day moving average, that would have been today, confirm and option weekly expiration, right? So you had like a perfect world, a perfect stew brewing. You had everything going off you. And right around here, right around here, and you could see it right around here, around, let's just call it around the two o'clock area, right? You started seeing these headlines come across about Biden's whole plan. I think he called it the family plan, whatever the case may be, without going into details, because everybody, you know, you can go on any website, any blog and anything, read the fine print, but there was gonna be a pretty aggressive tax coming on board, right? And I don't wanna get into it, right? I really don't. More important, what bothered me was, number one, we really screwed up a very, very premium day. And, you know, because this tax affects so much, right? And so many people and high net worth individuals and all this, Kim and Kabuto, right? Throw it all in there, right? We got it sold very, very aggressively. So not only that this headline, Ruffles and Feathers, but it really took down what tomorrow could have been a phenomenal day and that's where I'm a little bit deterred. That's kind of the word I wanna use. And the one thing that we always know as traders, no matter what we think is gonna happen, we talk about this all the time. We're in our heads, we're formulating an opinion, we have our game plan, everything is gonna be right, right? We're gonna log off and look at charts at the end of the day and it's gonna confirm to us that tomorrow it has a lot of meat on the bone, yada, yada, yada, yeah, not so much. Biden comes out with his whole, at least tax plan and the cues literally, I mean, this is a pretty substantial candle, the cues literally go from 340 all the way down to three, you talk about a $6 candle on the cues just like that and just like that destroyed 90% of the setups for tomorrow. The only good thing is, again, we don't sit there and start being miserable and crying in our own tears and crying ourselves to sleep. That's both sides of the market. So if there is kind of a knee-jerk reaction back to the upside, there are setups still to the upside. I mean, they're very, they're not easy to find but just to give you an idea, there are some names I still like to the upside, right? If you look at names, for example, like CRM held very, very nicely. It's actually ticking up a little bit if they could confirm this whole channel here, you can go higher, right? Not bad, HZNP, another name that looks interesting. I really don't know the name, but look how close it is to kind of getting above this channel. And if we start selling off here, look, you got Starbucks, right? We got Starbucks setting up to the downside. You can see it here, right? You had two days in a row, excuse me, three days in this whole channel literally defending the same area. Again, I'm not saying it's gonna collapse tomorrow but the point is, if it finally confirms these two channels, again, this is a very viable short setup. Even the video that caught a pretty disgusting candle today towards the dump, I mean, look at this candle on video. I mean, this is like no joke, right? So even the video that took out the previous channels low still has like five to seven points in the trade as well. So we definitely have some setups for tomorrow, long side, short side, but if everything played out well and if Tesla closed where it did, we would have a monster, monster, at least premium session for tomorrow. But as the saying goes, life gives you lemons, right? You make lemonade, there's nothing absolutely you could do about it. Again, complaining and moaning and all that stuff that you're doing to kind of put out negative energy into the world, nobody cares, right? Everybody has their own problems, everybody has their own issues, everybody has their own story. And as much as everybody loves each other and clings by eye and let's hold hands, everybody's responsible for their own selves. So the moral of the story is, give life back what life is gonna take, give you. And the more important part is be always proactive. There's always worse things. So yes, is it horrible that we got pretty much shut out tomorrow of pretty, really, really A plus setups? 100%, 150%. But again, it is what it is. Our jobs is to collect the data, push forward and keep on going, sniff, upper lip, smile on your face and love life. The ironic part about today's session, which I kind of liked, right? I saw a lot of beta names and I kept on saying this in the webinar, setting up for tomorrow, right? And I really liked that the mid tier like names, they did very, very well thing. There was a lot of lower priced names. I'm not talking about small cap stocks. And there was a lot of lower priced names that I was putting in pivots had really, really big moves. And you kind of saw that the market had a really healthy attitude about it. It was ready to go and yada, yada, yada, Joe Biden. Thank you very much. So let's talk about the macro area first and then we'll kind of run through the pivots from this morning. So if you look at the channel here, you're not going to really gain a lot of really good information. We do know that we could have, should have, would have and all that good stuff if the set line didn't come out, but it did. So we know this channel here, this 340 level going forward on the cues is going to be pretty important. And the good news is for the bulls. And again, I don't think this is a tragic headline by no means. Remember, everything needs to be passed and there's war of words and there's war of parties and all that stuff. So nothing's ever a slam dunk. But if you actually read the headlines pretty, it's not good. But so we know the top of this channel here, 340. We also know the bottom of this channel here of roughly this 333, 334 level. So something is going to give. The only downside I can see is if nothing really gets established tomorrow and one side doesn't really pick and choose, we could be looking at a kind of a mid-tier, rock and socket between the bulls and the bears with a pillow fight, right? Not really getting into it. No fear to the downside, no strength to the upside. I could see like a lot of traders kind of taking tomorrow as a digestion day, you're kind of really trying to dissect today's information and how real it actually could be. I could see that, but that's why again, we always try to formulate a game plan, both at a long and to the short side. So if there is no really, really good value one way, there's always probably some value on the other way. So going into tomorrow, I want to kind of give the bulls the benefit of the doubt just because they were acting so well, so well from like for 85% of the day, but at the same time, and look, I'm not naive to know there's both sides of the market and if the bulls can't put up a fight, the bears are always willing to take their lunch money. So let's kind of give the bulls the benefit of the doubt tomorrow. But again, if they don't start rallying and successfully taking mid-tier levels after 10, 11 o'clock, we might have to start looking at the other side. So let's talk about today's session. Tesla gave us today three really good opportunities and it's not going to come across as great on the Twitter feed. Before you guys were trading the live webinar, you kind of know. So we started buying, everybody knew that 750 was going to be a macro number. So Tesla had a monster pivot, right? There was a huge pivot yesterday in the webinar above that 722 area, and it put a high of 745. Had a huge, huge move in Tesla in. Congratulations to all you guys who caught that Tesla trade yesterday. So there was a sneaky pivot and the reason why I don't put a lot of really aggressive sneaky pivots on the Twitter feed because you guys don't, if all you guys are just trading on the Twitter feed, you guys don't get the sense of exactly what's going on. If you're in the webinar, I'm literally color commenting every second. This was about to happen. This is the channel. This is a sneaky pivot. We might fall into some supply here. Be careful here. There's a rising wedge here. You're getting all that stuff. So I really wanted to put the macro level there. So what we did was I started buying, my game plan for today on Tesla was start buying it off the pre-market opening range highs. And here was the free market opening range highs of 746. So it took out that 746 and we got along off that opening print and it's stalled out initially at 750. So I sold Tesla, right? I sold it and it came back in. Cause remember that 750 area was going to be huge because if you look at it, this is the whole range here. We've been talking about this range for weeks. So the second time around when it went through 750 got long again. The one thing that we did know, right? We did know before this trade was going to get really aggressive. We knew there was a shot at that first move only going to about 754, 755 just because of the supply zone here. So I got along the Tesla again it traded up at that 754 level, which was good. Then we got it on a 60 minute bounce, right? Again, which you guys on the Twitter feed, you know, you don't have access to but then we got it on a bounce, it bounced again almost went green on the day again and yada, yada, yada, it was pretty good. So Tesla gave us a good opportunity but now we have a clean macro channel. Everybody see this channel up here guys for all you guys especially if you trade Tesla. And again, it's far away. It's not going to go tomorrow. It's not going to go the next day. It could have been, could have what it should have, right? But now the moral of the story is at least we do have a very, very viable macro pivot ahead of us. And if this does confirm whether it's next week, the week after you can see a really big expansion channel it'll probably not do anything until earnings come out. So it's something probably not on the table for us but you never, never know. So Tesla was really, really good. Amazon never got to 3385 level. Apple got to the 134 level and it was just sitting there. It was literally sitting there and it was ready to close over that 134 before everything got pulled. NVIDIA never got to the 520, CRM never got there. But this is where the smaller cap name started moving, moving really nicely as well. BCRX 119012 needs to build. Here is BCRX, right? So it took out this whole 1190 $12 channel went all the way to the 1250s that acted really, really well the whole day. Mac really never, you know, never did anything. You got to like 1306 and then reverse, never really gave you a second entry. And that's the whole point guys, if you trade the pivots for the PS60 theory, we always know about the second entry. Second entries guys, you're not buying into the first print it's second entries, MITK 16 supply needs to build. Here was MITK, right? Here was MITK, it took out to 16, went to 1640. So there's a lot of really good value in a lot of lower price names. And again, yeah, that's the whole point. First entry always is going to fail. That's the whole point, they're triggering stocks. Second entry sale guys, again, second entry folks, it's always going to be really, really good. Mealy had a monster move off the watch list last night off that $9 area, Microsoft put up almost a $2 candle in the beginning as well. QS, big, big move, congratulations, all you guys caught that. We started seeing really big aggressive call buying coming in, in the 37s, in the 35s, in the 50s, really, really aggressive action. 3450 rejected twice, needs to build. Here was QS, right? See this whole channel here? It took out the 3450, went right to 36 and it would have been a lot better. Again, if this market didn't crap out on that news as well. So MITK, new highs, pushing 35s, pushing 36s, BCRX, new highs, 36s on deck. So really, really nice moves and the worst problem is we were so ready for beta for tomorrow and unfortunately these headlines screwed things up but again, you get out of life, which you make of it and again, at the old adage goes, life gives you lemons, right? You make lemonade. Guys, have a great night everybody. God bless, have an awesome Friday and God willing, I'll see you guys all soon. Take care.