 What is going on everybody? It's Stas here. Welcome back to another video. So in this video, we're going to be doing an overall market update, taking a look at the Dow Jones, the S&P 500 and the Nasdaq. We're going to be doing a brief trading update. What am I personally trading here in the middle of April in 2019, as well as taking a look at my personal opinions, you know, on the overall stock market. What other stocks am I watching? What other ETFs am I watching? Am I being cautious right now? That is what we're going to be talking about in today's video. But before we do get into these different topics for everybody out there that enjoys these videos, you find value in these videos, feel free to go down below and hit that like button guys. It really supports me and supports the channel in general. And if you're new to the channel, there are two links down below in the description box that I would highly advise you to check out, one of them being the Discord group chat and the other one being the Facebook group. Both of these communities are extremely helpful. And they're 100% free of charge. So you really have nothing to lose by joining them. And I guarantee you again, you'll find them helpful, you'll find value in those communities. So join them, let me know what you guys think. And let's get started, you know, right with the topic of today's video, which we're going to talk about as we always do in the beginning of these videos, the overall market, right? So what ended up happening today, we can see the SPX, the S&P 500, the 500 largest publicly traded US companies ended up closing the day, red today, right? We're down about $6.61 here at the close, down about 0.23%, roughly closed at about $2,900 here on the S&P 500. So the Dow Jones is currently down about $3.12 at the close, literally a flat move here on the Dow Jones, down about 0.01%, nothing crazy at all there at the close. And the NASDAQ today, guys, believe it or not, I do think I'm actually positive we did hit all-time highs today in the NASDAQ, which is absolutely unbelievable. We can see we hit $77.33, which the previous all-time high was literally at about, if we can just zoom in a bit here, was it at like 77.20, 77.22, something like that. We got really close to that level. We actually broke that level today for that all-time high. We ended up getting rejected at that resistance from the all-time high. And right now, with about two hours and 19 minutes after the market close, we're currently down $1.75. But if we just zoom in a bit and we see exactly where the NASDAQ ended up closing at 4 p.m. Eastern Standard, it was roughly at 77.02. So we actually closed the day green on the NASDAQ up about, I would say, like 10, 12, maybe 15 points on the day, nothing crazy. But really the highlight of the day here is that the NASDAQ did end up cracking those all-time highs, which is absolutely insane, guys. So you saw in the title of today's video, are we expecting a pullback? You saw the title. It said the pullback is coming. Let me explain what I mean by this. So we can see here, guys, that there's been a very strong resistance on the SPX, the S&P 500 here, at about 2915. And we've been talking about this level. The 2915 level has been a support, or was a support, rather, back towards the end of September in 2018. And if we're zooming in a bit here on the five-day-five minute, we can see a couple of different tests, two different tests at that level where we got rejected. We got rejected there at 2915. We tested the support at 2905, ended up closing above that. That was yesterday. And today, we ended up gapping up again to 2915, 2918. It's really roughly the same area. And we got rejected there from this gap up to 2918. And we actually ended up breaking the 2905 level of support, which was very critical in my eyes on a technical basis. And we ended up selling all the way off to 2895, closing the day under this 2905 level of support, which, again, is pretty critical in my eyes. And take a look here, guys, on the 20-day one hour, we're still technically uptrending as of right now, right? We're still maintaining the 50-SMA support here on the 20-day one hour chart, which we need to break below if the market wants to see a correction here in the near future, right? And we're also trending above this 180 simple moving average support on the five-day 15-minute chart, which it does seem like we held that level more towards the close of the market here on the 17th of April, which we also need to break beneath of for us to see that correction that I'm personally waiting for that you saw in the title of today's video. But if we're just looking at a longer-term basis here on the 184-hour chart, we're noticing some red candlesticks here, four to be exact, you know, forming, and they're all declining, right? They're declining. We're seeing, again, the resistance, the rejection at that resistance, the break of the support at 2905, and the fact that we closed below that level, this is kind of scaring me in the sense of we might be selling off here for the next couple of days, right? So just keep an eye, you know, on this level on the S&P 500, and just keep an eye on the previous support levels that we do see here, the 50 SMA being that strong level of support, right? We ended up bouncing and holding that level back towards the end of March in 2019. We really held it for this entire stretch here from 1230, really the beginning of 2019, all the way up to, you know, the beginning of, you know, February, we saw the little dip below it on that bigger correction that we saw in the beginning of March, but we still ended up, you know, bouncing and maintaining above that level, which is good. But now, guys, we're seeing a bit of a bearish, you know, the beginning of a bearish pattern here on the longer-term charts, but again, for us to get that full-on confirmation that we are pulling back towards that 50 simple moving average, we need to see the break on these smaller time frames, right? The 20-day one hour, again, we need to break this 50 SMA. And on the 5-day 15-minute, we need to break that 180 SMA. And that, in my eyes, is going to be, you know, really the confirmation that we are pulling back in the S&P 500. And we are going to be seeing a correction if that does, and that's a big if I could be completely wrong here, guys. No one can predict 100% what's going to happen, but that, if that does happen, you know, that's going to be a sign that we are selling off. So that's what I'm seeing right now. You know, I'm being a bit cautious here. I am being a bit cautious on my swing trades, guys. You saw I took a loss on Nvidia the other day. I'm in AMD right now. I'm still holding AMD, but honestly, to be completely honest with you all, I'm looking to potentially sell out of that position here on probably tomorrow or on Thursday, or really, tomorrow is the last day before the market is closed on Friday. And I'm just kind of scared to hold this one because we saw the break above $28, right? You know, we failed to hold that level. And now we're trending back into the $27 level. I'm going to talk about this in a couple of minutes, but it's kind of scaring me, right? I'm in Apple right now, which is doing very well. That's one of my strongest swing position as of now. We're going to be talking about that in a little bit here as well. I feel comfortable holding that one, but in terms of AMD, it's not looking too great right now. And again, we'll talk about that in a little bit. So the Dow Jones, the Dow Jones industrial average, again, nothing crazy, right? Nothing more than a consolidation day here on an old support, now a support. Again, it was a resistance a couple of days ago at about 26,400. We broke that level. And we've really just been holding that level here for the past two days, right? We saw the maintain, you know, really it maintaining that support here yesterday, right? We bounced five, four times on that level. We talked about that in yesterday's video. And today we saw much of the same, right? We opened up, we gapped up, pulled back, retested that level, popped up, retested it, popped up again. We held above it again. So this is a really good sign that the Dow is holding this level as a new support. And it does want to pop back up to the next resistance, which in this case is 26,750 dollars. So that's really it, guys, in terms of the Dow, nothing crazy. Just keep an eye tomorrow. Are we going to slowly start to pop up and test maybe the 26,500 level, the 26,600 level, maybe we're going to go back up to 26,700. But let's say the market does end up selling off tomorrow, who knows guys that say the SPX sells off, you know, typically the Dow is going to follow, right? And that would lead the Dow to break the support level and maybe head to the next one, which is that 26,200. So that's what I'm watching tomorrow in terms of the Dow. Again, nothing too crazy, right? So the NASDAQ today, again, we talked about it, we broke all-time highs very briefly at 77,33. And we saw a rejection at that level of resistance from the past all-time high in October of 2018. So very brief here, very simple. You know, what I'm watching for is, you know, are we going to really trend back down to the 76,55 level, which was the top of this channel, the resistance of this channel? Are we going to maintain that level as a support? Are we going to maybe break that level of support and then test 76,24, maybe test 76? Or are we going to pop back up and test all-time highs tomorrow, maybe break to a new all-time high? That's a very big possibility if we do have a strong day tomorrow. These are a couple of things that I am watching. And let me just reach down here very quickly, guys, and get my charger because I always forget, I always forget to plug in my computer before I do start filming these videos. So that is what I'm looking at, guys. You know, nothing crazy, really a minimal day here in terms of the NASDAQ, minimal day in terms of the Dow and the SPX, kind of a slight red day here, but it's still a minimal move. And I'm looking to see, you know, are we going to break those levels of support? And are we going to slowly start to trend down here? That's honestly what I'm seeing and what I'm waiting for and why I'm being a bit more cautious here, you know, in terms of my swings, especially since we're heading into the three day weekend. So what did I do today in terms of my trading, guys? You know, I didn't do much. I took a little day trade in TVIX. We saw that pop as the SPX started to sell off this morning, pretty aggressively after we saw that gap up to 2920. And for those of you guys that don't know, TVIX is an ETF. I traded a bunch of people in the group traded a bunch of people out there, you know, trade this as well. And it goes up whenever SPX goes down, right? We saw this gap down to 1935 as the SPX was gapping up, right? And we saw that aggressive sell off in the SPX. And that really prompted me to take a position here in TVIX for a very quick scalp trade, right? Right? We can see from 1935 up to about 2050, that was nearly a 6% move. And the whole idea here when I'm day trading, guys, it's not to catch the home run trade. It's not to chase a penny stock that's going up 700%, right? I'm looking to get in and out of these ETFs that I trade with my goal profit, which is about 1% to 2% on my position, sometimes 3%, sometimes 4%, 5% if I do catch a very quick move. But my whole ideology is to just get a minimal profit, get in and out and keep the gains consistent, right? So the real truth here is, you know, as we found the bottom in TVIX, and as I saw the market slowly start to sell off, we saw the big gap that was filled, right? You saw it, it was about 5%. And as the market was slowly selling off, TVIX was filling that gap. And that is what I started to see. And that's when I started to scale into the position, right? So I believe I got in roughly a bit late here to be completely honest with you guys, I didn't get in at the bottom. I ended up getting in, I believe, at 1967. And I wrote it up about 1.4%. It was not too crazy of a move. Again, it was a very quick scalp trade, roughly up to about 20-ish dollars. I think it was like 1997, or something like that, just a very quick little move there, started off the day green within the first 15, 20 minutes, which is always good. And from there, we can see TVIX almost hit $21 per share. So if you guys can see, if I were to hold that from where I did end up getting in roughly, I would have been up 6%. But again, I'm aiming to just be consistent, guys. I'm not a greedy guy. I was greedy. Trust me, I was greedy when I first started trading. I would try to get the big plays. I would try to chase penny stocks. I literally remember one penny stock I was trading a couple of years ago, where I was just hopping in and out, in and out. It got halted, right? You guys have all been in that situation, right? Where you're in a penny stock, you're up like 50% on it, whatever. It gets halted, then it gets unhauled, then it tanks, right? I've been in all these situations, and it's honestly taught me, and it's led me to where I am today, to just be conservative and be consistent. The two C's, guys, conservative consistent. That's what I'm all about, especially with day trading. With swing trading, it's a little bit different, but it's the same thing, right? Be conservative. Try and be consistent, but especially with day trading, I think it's really, really key to just live by the two C's, right? Remember that. Conservative consistent, right? That's what I personally do, and if you guys want to follow that, by all means, go ahead. You can do your own thing. You don't have to follow what I do. I've really advised you to make your own strategy, right? Create your own style, whatever fits you. That's the whole thing with trading, guys. You have to find what works for you, right? So do that. Don't just do what I'm doing. If you find value in what I'm doing, you can really maybe transform it into something for yourself, and that's for you to do, right? So let's talk about AMD very quickly. Let's go to AMD Advanced Micro Devices. Ended up closing the day pretty boring, right? $24 or $27.45. I had high hopes for AMD today, guys. We finally gapped up to $28.40. I was like, yes, today is the day. We're going to maintain the $28 level, right? And right once the market opened, oh my goodness, guys, this one tanked literally $1 per share within the first hour and 45 minutes, roughly two hours of the market, right? Luckily, you know, this is roughly where I did end up buying. I'm a little bit, or actually no, now I'm not red, but at this point, I was a little bit red on the position because I got in roughly at about $27.30, $27.40, you know, that, you know, general range. And now, you know, we saw the double bottom here, which is good that we're really finding a bottom and we're reversing to the upside here. And we just ended up closing at $27.49, which is really roughly where I bought in, right? And if we're just looking here on the 10-day 30-minute chart, it seems like AMD really loves that level of $27. And this past, really the past couple of trading days, we've been noticing, take a look at this, guys. $28 has been that resistance, which I've been wanting for it to hold and maintain as a support. We almost got it today, and $27 has been the support. So it's really been, you know, trading in this horizontal pattern here, right? You can see it from $27 here. We dipped the $27 a couple of days ago. We popped up, dipped down to $27. Now, let's see tomorrow, maybe we'll pop up. That's what I'm hoping for. And that's what I want to see, to be honest with you, to get out of these shares for this long weekend that we do have. And then after that, maybe on Monday, I'm going to reevaluate the situation. But ideally, here, guys, most likely, I'll update you tomorrow in the chat. You know, if we do pop up tomorrow, maybe at $27.70, $27.80, I might take the very brief minimal profit that I'll have at that point on AMD. I might just take it and run with it and just reevaluate the situation on Monday. Let me know what you guys think about that. I would love to know. But on the flip side, Apple is actually one of my swings that's doing exceptionally well right now. So I got in on this day, I believe, when we dipped down to $196. Yup, it was this day. And then we popped up to the $197 level where I ended up getting in. So you can imagine those shares are an hour up nearly 3%. So let's say tomorrow, Apple does pretty exceptional, right? Let's say we pop up to 205. If you guys recall, my sell on Apple is roughly at about $205. If we were to get up there, which would put us right in the middle of this horizontal channel, at that point, I'd probably take my profits on Apple as well to just lock in profits before this long-term weekend. And then I'll reevaluate the situation from there. But pretty much, guys, our technicals on Apple, my technicals that I talked about in the video, a bunch of other people were talking about this as well. They've been going according to plan, right? We want to see the break out of $200 that resistance. We want to see it really hold above that level and maintain it as a new support, which we have done that as well. And it's just looking great, right? Apple's a beautiful uptrend pattern right now. We bounced on that 50SMA here on that little bullish move. We saw the little pullback. We popped up very nicely, high or high. So again, if we pop the 205 tomorrow, maybe I'll take my profits there, run with it, reevaluate the next week. And that's honestly just the brief trading update for today's video. So let me know down below in the comment section, what are you guys trading? What are you doing? Are you being a bit cautious here, you know, heading into this longer-term weekend, especially since it's earnings season, a lot of stocks are at their all-time highs. Are you being cautious? I would love to know. I'm personally being cautious, guys. I sure am being more cautious now than I was a couple of months ago when the markets were at these levels, right? If we hop over here to the SPX, you know, for all you long-term viewers who were following me through this time period of October to December, these were some of the funnest times on the channel and the Discord, guys. Remember that? That was just an absolute blast. It's fun, and it's a blast now, too. But during these times, it was absolute mayhem in the stock market. And you can imagine, you know, it was just crazy, right? And for those of you guys that were in the chat this time, you saw, you know, all the crazy things that were happening between us, you know, I was trading TVIX pretty much every single day. You know, I was buying Apple stock, you know, I was buying Facebook stock pretty heavily during these times. And now those shares are up exceptionally, right? And now that we're at all-time highs nearly, I'm being a bit more cautious, right? Because I like buying stocks when the markets are down, right? When the markets are down, that's when the valuations of companies are better, right? They're more attractive. You get more bang for your buck, right? So I'm just being cautious. I would love to know what you guys are doing down below in the comments section. Please let me know. So now to segue into what I am watching for tomorrow. Honestly, guys, there's not many stocks that I'm watching, right? I'm being a bit, like I said, I'm being very cautious. So tomorrow, in case we do see a sell-off in the markets, you know, I'm going to have TVIX pulled up and ready to go in the morning. And again, TVIX is what I traded today. It goes up whenever the markets are selling off. So if we do see the futures are down, we see some large caps are down, you know, this could be a very good opportunity for TVIX. So let's talk about, let's see, what other ones were we talking about today? Oh my goodness. There's just, there's honestly just not many opportunities out there in my eyes. You know, Apple, of course, I'm watching Apple, right? You know, TVIX. Let's go down here. I was actually talking on one of our group members on Gold today, right? Gold has been very, very, very, very strongly selling off here. So maybe a rebound on Gold if we hop here to the 20-day one hour, maybe a rebound back up to that resistance on the 50 SMA, maybe to the mid-1280s, maybe low-1280s, that would give Jnug a little boost tomorrow. That could be a potential play here. You know, D-Gas did absolutely exceptional today, maybe a reversal in natural gas, maybe some push up in natural gas, maybe to that same level of the 50 SMA, because that's been a resistance, guys. We see it's very oversold right now. If we do see some buying power pushing it back up to that 50 SMA, maybe we go back to 255-256. This could be a nice little move on U-Gas, right? Which goes up whenever natural gas is going up in price, right? So let me pull up very quickly my active watch list. Where is that? There it is. So, guys, to be quite frank with you, I don't want to hold you all too much longer. You know, I'm not really watching many stocks for tomorrow, right? I want to see what the market is going to do, and I want to really play based off what we're seeing pre-market, right? Typically every single morning, I'm running through my watch list, and I'm seeing how the stocks are reacting that morning, and that's when I typically pick what I'm looking to trade. So I'll let you all know in the chat tomorrow morning. I'm sure we're going to be talking about it, you know, what we're looking to trade, what I'm looking to trade. So stay tuned for that. And again, if you're not already in the Discord, it's 100% free, link down below. Get in that chat. So I'm going to end off the video here, guys. If you enjoyed it, feel free to go down below and hit that like button again. It really supports me and supports the channel in general. Drop a comment. Let me know your thoughts on the stock market right now. What do you think? Are we going to fall? Are we going to hit all-time highs in the SPX and the Dow? I would love to know. And subscribe to the channel if you're new and hit that notification bell so you're notified every time that I do make a video. I really do appreciate every single one of you guys out there watching. It means a lot to me. I'll catch you all in the next video. And I uploaded a video earlier today. Go check that out while you're at it on three stocks and I'm watching now. So if you want to see that, go watch that now. And I'll see you guys tomorrow.