 What is going on everybody? It's Stas here. Welcome back to another video. So in today's video, just like always guys, we're going to be breaking down the overall market's performance today on the 17th of May in 2019. Going through the S&P, the Dow, the Nasdaq. We're also going to be doing a trading update. What did I personally do today on the 17th of May? And we're also going to be talking about some other stocks and ETFs that did very well today. Others that did poorly. Most of them did poorly to be completely honest with you. Out of the ones that I personally track, as you can see, the watchlists are completely red here. And that's it guys. We're going to get into those topics. But before we do, for everybody out there that finds value in these videos, you enjoy the content. Feel free to go down below and hit that like button. It really supports me and supports the channel in general. And if you want me to talk about a specific stock, a specific ETF, drop a comment down below on this video. And on Sunday's video, I'll most likely get to it if I personally see potential in the stock or ETF that you comment. And on Sunday's video, I typically go through 10 to 15 stocks that I'm seeing value in and others that you personally shout out on Friday's comment section, which is today's video that you're watching. So get in on that guys, drop a comment, or you can just leave a ticker symbol in our call-out section in the Discord group chat. That works as well. So without further ado, let's just dive right into it. Let's hop right into it, guys. The S&P 500 ended up closing the day today down nearly 17 points, down about 0.58% at the close here. The Dow Jones Industrial Average down about 100 points right now, down about 0.38% at the close of the market. And the NASDAQ guys down about 89 points down 1.17% right at about $7,500 right now for the NASDAQ. So today's market was kind of funky, right? If we're looking at the S&P, it was kind of a roller coaster, right? We popped up, we were actually green for some portion of the day today, right? For this portion right here, we gapped down a little bit, we consolidated, we popped up aggressively, and then we ended up selling off. So it was kind of a up-down, up-down, up-down kind of day today for the entire markets, right? And if we're just judging on some technicals here on the S&P 500, let's go to the 20-day-1-hour very quickly. And we can see exactly kind of what I was talking about in yesterday's video is playing out right now. Remember in yesterday's video, I was talking about the resistance here under the 180SMA on the 20-day-1-hour chart? That being a very strong resistance, well, we ended up getting rejected there again today. We ended up pushing down, we're at a lower high right now from the previous, and the trajectory of the S&P that I have drawn out here by this trend line, it's still pretty much intact, right? This is something that I personally believe the S&P could end up doing in terms of a pattern, especially if it breaks this 50SMA support here on the 20-day-1-hour. And by that, I mean, you know, if we break down here, we could be doing something like this where we're selling off. And if we're going on the longer-term charts here, do you guys recall in yesterday's video a potential, I said that there's a potential head and shoulders forming on the SPX? We can see that trend line here again, right? We're noticing, again, we saw on the 20-day-1-hour chart, the resistance under that little trend line and the 180SMA. And if this does end up playing out, this would be the right shoulder of the head and shoulders pattern. And from there, we might be testing that same support at around $2,800 that we tested a couple of trading days ago, right? And by the head and shoulder pattern, I mean, take a look at this, guys. The left shoulder, the head here, and this could be the formation of the right shoulder. And from here, we may be selling off to the support. We may break it. We may bounce off that support. But all I'm saying is this is looking like a formation, the beginning of a formation of a head and shoulders pattern. And on the 184-hour chart, we're also noticing a resistance under that 50-simple moving average, right? We're noticing the 50-simple moving average resistance here. Pretty strong resistance to be honest with you all from the price movement over the past two days. If we're going back to the 20-day one-hour, again, we're under that 180SMA resistance on the five-day five-minute. It seems like we're breaking a 180SMA support here. That's been a support over the past couple of days. We noticed the gap down here, the consolidation this morning on top of that support, the pop-up. This is actually where I ended up taking my trades today. And if you all watched my video from earlier today talking about four ETFs to trade during a volatile stock market environment, I talked about the trade that I took. But if you guys didn't watch that video, I highly suggest you do watch it. After this video, we'll talk about that trade, of course, in this video as well. We pretty much bounced on top of that 180SMA. And then we ended up selling off aggressively at a lower high from yesterday's high. And we ended up closing on a downwards swing. So that's the SPX in a nutshell right now in terms of technicals here. The Dow Jones industrial average, not as bad as a day in terms of percentage as the S&P and in terms of the three major indexes that we talk about on this channel, the Dow actually did fairly well, right? We saw the NASDAQ was down about 1.1, 1.2% today. And before we do get to the NASDAQ, the Dow right now is trading under the 180SMA resistance right here, which we talked about in yesterday's video that the candlesticks, the index was struggling to get out of that resistance. Today, again, we were struggling to get out of that resistance. And honestly, guys, if we get rejected here and we start to sell off again, maybe we have a couple of red days, you know, this could be us heading towards the next support, which at this point is at around $25,500. We're still trading in between this $25,500 and $26,200 range on the Dow, that 700-point range. That's where we've been over the past couple of days and nothing's really changed, guys. We're still trading in that same little range. And if we're going here to the 20-day-one hour, we talked about in yesterday's video how the Dow in terms of the 20-day-one hour is still trading in between the moving averages. It's trading under, like, the S&P, but it's trading between the 50-SMA and the 180-SMA. So at this point, you know, for us to understand the price action and where the Dow is headed, we're going to need to see either a break out of the 180-SMA resistance for a potential upside push or a break of the 50-SMA support right down this way, right, if this little downwards move continues, that would be a downwards push on the Dow. And at that point, again, we'll be retesting $25,500. If we break that level, you know, that can be us really just heading towards another lower low, maybe testing $25,200 where we were a couple of days ago on the Dow. And if we're hopping on here, the five-day-five minute, we're noticing the 180-SMA support just like the S&P 500 on the five-day-five minute, ended up being broken today, right? We gapped down, we consolidated on top of it, we held it, had that nice little run in the beginning of the trading day, ended up consolidating here a little bit, sold off, popped back up, got rejected, and then heavily sold off, broke the 180-SMA support. And that's pretty much it as of right now on the shorter-term basis of the Dow. But the fact that we did break this 180-SMA support here that does raise some red flags to me that we might be selling off on Monday here, guys, not to jinx it or not to try and predict anything, right? But if the futures, especially on Monday pre-market, and let's say Sunday, you know, after 6 p.m. Eastern Standard, if we're seeing the futures are a bit red, right? Especially the Dow here, this can be telling us, giving us signs that the market is going to sell off heading into Monday's trading session. So that's the Dow in a nutshell for today. The NASDAQ composite here, guys, you know, judging on the 5-day, 5-minute, I guess we can start on this chart, for the NASDAQ, just like the S&P and the Dow, excuse me, this ended up breaking the 180-SMA support. We're seeing a lower high being formed, and we're selling off towards the end of the market. Not looking too good here for the continuation of the uptrend on the NASDAQ, for the continuation of this little bullish reversal that we've had over the past couple of days. Hopping over here to the 20-day one hour, remember, yesterday, we were talking about the NASDAQ was the only one out of the three indexes that was trading above the simple moving averages on the 20-day one-hour chart. It was trading above both of the simple moving averages, right? The 50 and the 180. And now, we're noticing with the sell-off that we had today, quite a big chunk of a sell-off here, 90 points, we broke below the 50-SMA support and the 180-SMA support. So this is not looking too good, guys, in terms of the NASDAQ here. We could potentially be selling off. And again, I'm keeping an eye on the futures on Sunday heading into the morning on Monday to really understand where we could be pushing, starting off next week and heading over the rest of next week, right, from Monday on to Friday. On the 184-hour chart here, we're pretty much just holding strong above the 7,500 level of support. This level was an old resistance from back towards the end of March, March 21st in 2019 before we saw that big sell-off. It was an old resistance. We broke above it, making it a new support, right? So if we do break below here, it's going to make that level a new resistance again, right? And we're going to be trading pretty much between 73,50 and about 7,500, putting us in about a 150-point window for the NASDAQ. So that's pretty much it, guys. You know, today was a kind of a roller coaster. It wasn't a crazy red day, to say the least, right? It was a pretty bad red day, though, for the NASDAQ, but for the SPX and the Dow. It was just a slight red day, a pretty slight red day. Nothing crazy compared to what we saw a couple of days ago when the S&P was down like 2.5%. The Dow was down like 2.5% as well. That was bloody. So compared to that, today was pretty decent, right? So let's talk about what I did in terms of my trading today. It wasn't too crazy of a day. It wasn't an eventful day, really, at all for me. But I only took one day trade on TQQQ, guys. TQQQ is a 3X leveraged ETF that goes up whenever the market and specific, the NASDAQ, is going up in price, right? This one trades on the NASDAQ 100, and we can see, you know, this one had quite a bit of a run this morning, and this is actually when I ended up trading it, and I did end up calling this one out in our Discord group chat, free Discord group chat, which is linked down below in the description box. So if we're just judging the movement of the NASDAQ here in the one day, one minute, we can see this nice big pop that we saw, you know, at about 9.30, we started to consolidate. I believe this was on that 180 S&M on the 20-day one hour, if I do remember correctly, or rather, let's take a look at this, or rather, yeah, you guys can see it right here, right? This is pretty much where we ended up popping up. It was on that 180 S&M. Yup, I am right on that. And you know, how that compared to TQQQ, you guys can see, you know, this one went up from about 7,500, all the way up to about 7,600, right? And that was about a 1.25% move, and since TQQ, Q is a 3x levered GTF, it went up about three times that amount, right? So if the NASDAQ went up about 1.2%, you know, TQQQ went up roughly, you know, 3%. If I remember correctly, I got into TQQQ, I believe it was on this little pullback here. I think I got in, if I'm remembering correctly, at about like $60 and $30, $60 and 40-ish cents, you know, no joke, like right after this little, this run up, I told myself next pullback, if we confirm the higher or low, and if the markets are still looking good, I was going to hop in. So that's exactly what I ended up doing, right? We got the pullback. I hopped in here at about $60.30, then I ended up selling off at about $61.15 is where I believe I ended up selling out, and you guys can see that was about a 1.2%, 1.3% profit. So that was a very quick in and out, you know, scalp trade on TQQQ, on this market movement to the upside that we ended up seeing, and I pretty much timed this one perfectly, to be honest. It doesn't always happen, guys, you know, sometimes I hop in, I don't get out at the right time, then I end up giving some money back to the market, but today wasn't one of those days. I timed it well, and I got a 1.3% gain on a Friday, which I'm very, very happy about. And after that, you know, I kind of, you know, I was talking in the Discord chat, but I wasn't looking to trade again, right? I wasn't looking to hop into the market again, unless I saw a screaming opportunity, and that's pretty much it, guys. I ended up turning off my computer, you know, at about 1.2 o'clock, something like that. I would have caught a move here if I was watching. I'm sure TVIX went bananas when the market dropped like that, and we could take a look at that very quickly for fun here. So TVIX is another one of those ETFs that I talked about in my video from earlier today. It's four that I talked about, and yeah, you can see from $22, this one went up to about 23 bucks. So if any of you were able to catch that 5% move, let me know down below in the comments section. I would love to know. So that's pretty much it for the trading update portion of today's video, the market update portion of today's video. And let's do a rundown of some stocks today that really did poorly. There weren't that many that I personally track that did very well. We saw Nvidia yesterday, guys. Remember, they reported earnings. I was talking about how, you know, if they were to hold $165 heading into the market open or something like that, this can be a runner. Well, we ended up giving back all of the gains that we saw post-earnings report. We literally opened up in the $150s, guys. This is not too good, right? We ended up popping up, though, so this could have opened up a nice opportunity, but I personally didn't take advantage of it. But this is one that went from $157 up to $163, ended up selling off down into the $154. So Nvidia didn't really pan out to be as good of an earnings play as I thought it would due to the good earnings that they did end up reporting. Remember, they crushed EPS. I forget the exact numbers, but I think they beat EPS in terms of analyst expectations by about like 15%, which is very, very good for any stock in that matter. Maybe not for a growth stock or something, a heavy growth stock or a new stock. But for a stock like Nvidia, 15% beat is good. And quite frankly, it's good for every stock, honestly. What am I saying, right? It's good for every stock. Let's be honest. So, Nvidia, Tesla, oh my golly, guys, Tesla, Tesla, Tesla, Tesla, man. This stock has been getting hammered day after day after day after day after day after day. I don't think it's had a stretch of a week or two where it's gone up, right? We can literally see $352 per share is what we were at in the beginning of this year. 1 slash 17, January 15, the middle of January, literally about four months ago. This is where we were, $350 per share. Now we're getting down into the one, or maybe potentially the high 100s, the 190s, we're already at the low 200s at this point. And now I'm thinking to myself, a lot of these people that were saying Tesla's going down to $200, $180, they may be right, honestly, it really is looking like they're going to be right. These bears on Tesla, these people that don't really believe in the company, they're pretty much right here, guys. Tesla's just been getting killed. It's down 8% right now today, down about $17. But I still personally see potential in Tesla, guys, maybe not as a trade right now, maybe not as a swing trade, really not as a swing trade at all, because the trend is looking terrible. But I do believe in Tesla long term, right? I do believe that there is still life. There's obviously still hope in the company, right? They just need to scale out hopefully this China Gigafactory in Shanghai. Hopefully this does well for the company, right? Hopefully this opens up opportunities overseas for Tesla, which will help them manufacture more cars, sell more cars, and hopefully this reflects on the bottom line of the company. Hopefully they start bringing in some more consistent profits. I think that's what's really killing the company, guys. You know, one quarter, they have a profit, the next quarter, they have an extreme loss, right? I think this is really hurting the stock. And that's just it, guys, honestly. Once they get their stuff together in terms of nailing profits quarter after quarter, I think this stock will do much better. And honestly, you know, you guys remember I bought Tesla at $273, obviously I am massively down on my position right now. But that is a speculative position that I plan on holding for at least three, four, five years. So you can see I'm down about 25% on my position right now. And I haven't, I have not yet added more to that position to average down at this point. These prices are getting a little bit attractive to me, but I'm still waiting. I want to see if we get to the low, low $200. Let's say we get to like $202, $205. I might add another 10, 15 shares, right, for fun, right? I might add 10 shares. Then if we get to the 180s, 170s, I may add another 10 shares and then play it from there. That's kind of how I'm viewing it. And again, this is a speculative stock for me, right? I'm typically not investing, especially long term, in companies that really don't have a track record of a profit that don't really pay a dividend, right? I like investing in companies that have a lot of revenue, a lot of, not really revenue, a lot of profits, a lot of net income, and that are growing, you know, their net income year over year and reinvesting that cash and producing more, right? And Tesla at this point, you know, it's not quite there yet, which is why I am still viewing it as a spec play. And that's cool, right? You know, it's a small portion of my portfolio. I'm not too worried about it whatsoever. And I do plan on adding more, again, low 200s potentially. But if we get to the 170s, 180s, I will definitely be picking up a couple thousand bucks worth of Tesla at that point. So that's it, guys. Really Tesla and Nvidia, they've been getting squashed. If we're looking through some other ones, you know, Google got pretty bad today. Down $16, you know, Facebook down about $1.69 today. Amazon down about 2% today. You know, Apple back into the 180s today, down about $1.08. We had this IPO from China, actually, that people have been talking about, Luckin Coffee. I really don't know much about this company whatsoever, to be honest with you guys. If you know, drop a comment down below, but this is one of the new IPOs that were out on the market today. And while we're at it, let's just take a look at some other IPOs from this year for fun. Uber, Uber's been doing pretty kind of mediocre, to be honest. If we're looking on the 180, we went down to $36, now we're up back to $44, now we're selling off again. This is a, you know, a prime example of IPOs. They go down very quickly. They may come back up really quickly. They're just very, very volatile, right? You know, another one is Beyond Meat, which is actually one of the better performing IPOs, right? Beyond Meat. This is a vegan company. They're making meats and stuff like that. I actually tried their turkey burgers a couple weeks ago. They're pretty good, but to be honest, guys, they are pricey as heck. Who burgers? Two turkey burgers. I believe I paid like $8 or something like that. It's pretty, pretty expensive when you can buy, you know, regular turkey burgers, you know, you get four or five turkey burgers for like five bucks or something like that, four or five bucks. So this is pretty pricey, but you know, the vegan community out there, they're very, very intense in their beliefs. And I'm sure they are willing to pay, of course they're willing to pay, right, a little bit more money because they are vegans and that's their, you know, that's their belief, right? So I'm sure they'll be paying more money for the burgers. So another one is Lift. Lift has been doing awful, right? $88 down to about $47. What other ones off the top of my head here, Pinterest, P-I-N-S. This one's been doing pretty bad as well from $23 up to $36, now down to $26. So I guess if you did buy on the IPO date, you would be up a little bit right now, but still not something that I'm willing to put money in. And to be honest, Pinterest, I think they're extremely late to the IPO game. They came, I feel like Pinterest has been out for years now and I really just don't see any value whatsoever in a stock like Pinterest, in a company like Pinterest. I mean, it's a cool app, right? I think more girls than guys usually, my girlfriend uses it a lot, she posts a bunch of stuff on there, but I just don't personally see value in it, especially as an investment. So I'm going to wrap up the video here, guys. Again, drop a comment down below. Let me know what ticker symbols you want me to talk about on Sunday's video. If you enjoyed this video, feel free to hit that like button, drop a comment, subscribe to the channel, hit that notification bell so you're notified every single time that I do make a video. I appreciate all you guys for watching. It means a lot to me. Again, earlier today, I uploaded a video for ETFs that I'm trading that you should take a look at, not trade. If you don't want to trade them, don't trade them based off of what I'm doing, but you should take a look at them anyway. Uploaded that video earlier today. Go check it out. You'll probably see it right up here on the cards or something. I hope you all have a great weekend. Peace out. I'll catch you all in the next video.