 What is going on everybody, it's Toss here and 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 also going to be doing a trading update talking about what I did today in the markets as well as some stocks need TFs that I'm watching and looking to trade right now in the month of November in 2019. And as you guys read in the title, there's actually one stock in particular that I think has potential to break out here if it does good, if it does well on its earnings report and hint, hint that earnings report is tomorrow. Let me know down below in the comments if you guys can guess what stock that is. So all I ask from you is if you enjoy this video, feel free to go down below, hit the like button, consider subscribing if you do want to see further content from me and if you want to be further connected with the StriveSmart community, two links down below being the StriveSmart Discord Group Chat and the StriveSmart Facebook Group and also the StriveSmart Merch is linked down below as well. So with that further ado, let's get right into it starting off here with the SPX which is the S&P 500. This ended up closing the day up $2.16 here up .07% and if you guys were watching my video yesterday I said how you know this market is setting up or it was from yesterday's perspective kind of setting up for a sell off and honestly from the day before's perspective as well. Ever since we hit $30.85 we've kind of been selling off in the S&P 500 and honestly on the Dow and the NASDAQ as well so due to this I was thinking okay we may be pulling down to this level that I do have drawn out here based on this trend line being around $30.60 and we didn't actually get all the way down there. We got to about $30.66 that we ended up bouncing and kind of finishing on a strong note from there but the fact that we did sell off close to that area you know that kind of was a good sign to me the fact that we held that area as well and let me explain to you why because if we go let's say you kind of can see it here on the hourly chart this is kind of bullish because we're seeing how we pull down again to that $30.60 area and we're also holding that $50.00 S&P which is on the hourly chart here and that level has been a support over the past couple of weeks during this insane run that we've been seeing the market so in the market right so this is looking good in my personal opinion and what's going to constitute a full-on breakout I'll show you guys right here and we're also we're kind of already doing that at this point but really what we want to see is a break out of this kind of downwards pattern the first step that we would want to see is a break above both moving averages and we've already done that so that's a good sign so really just a pop like this would really be the next bull run in my personal opinion at least in the short term here if we do break out this thing could be really going up to another all-time high at this point which really is only nine points away so I wouldn't really be surprised if we did see a massive pop tomorrow and another all time high if this does end up playing out and let's say we don't pop tomorrow let's say we sell off what am I going to look for well we may be going to a lower low at that point maybe hit 30 60 on the dot if we break 30 60 the next level we can go to if we gap down is going to be around 30 50 and so forth would be around 30 27 but let's not get that far guys because first we have to break below these two levels and until we do I'm not really looking at 30 27 as a possibility well it is a possibility but it's kind of far-fetched at this point with how bullish the market has been but again who knows right because this market is pretty crazy and we've all experienced that over the past couple of months that being the craziness of this market so let's go to the Dow Jones industrial average we hit an all-time high I believe yesterday at 27,500 and 60 if we go to the 5 day 5 minute you can see that this thing is looking like it's pulling back a bit right we hit that peak we saw a pretty big sell-off this morning the gap down in terms of the futures and you know pre market we opened up we failed breaking out of that 50 SMA we actually got rejected by it we dumped even further hit a lower low at about 27 400 and notice how we actually held the support from two days ago which was a good sign here for the bulls and the fact that we held above 27 350 27 400 which is the last all-time high that's a good sign overall for the bulls as well so at this point this is just a healthy pullback guys don't freak out and be like oh my god this is selling off it's starting to sell off because honestly all the charts are still looking pretty bullish from my perspective and I'm sure a lot of you guys can agree as well let's say this thing does sell off maybe we go down to about 27 400 retest that level maybe even down to you know 27 350 to touch to touch that 50 SMA that's a possibility but you know until we break below these levels you know I'm not really looking for I'm on a technical basis it's not really telling me that we're going to see a massive pullback at this point right let's say we sell off into the 27 ones you know back into 26 thousands you know that's going to be me you know seeing a sign that's telling me okay we might be selling off further from here and we'll really go with it from there but as of now this is looking bullish just like the S&P guys and honestly just like the NASDAQ if we take a quick look at that you know we saw a peak at 82 50 yesterday or the day before nope it was yesterday we sold off found a bit of a bottom here at 81 60 and now it seems like we are holding a higher low on top of that 180 SMA on this hourly chart which is a very good sign for the bulls because this is showing us the uptrend is trying to continue if we go to that four hour chart we can see how this pull down kind of got us to around the 81 20 81 50 level which was an old all-time high so the fact that we are holding this general area and again based on the hourly chart we're continuing the uptrend this is a very good sign for the bulls out there and this chart is screaming higher higher higher in my opinion we may be going to another all-time high if this does gap up tomorrow and keep an eye on the futures guys large caps what are they doing in the morning if they're gapping up that could signal hey it might be a green day today right and we can trade whatever we you know trade on green days based on that information so let's talk about what is this stock that I am looking to trade if it does break out after earnings but actually before we do get into that guys let's quickly talk about what I did today in terms of my trading session it wasn't too crazy of a day but there was some movement so McDonald's was the first buy I made this morning and honestly this trade didn't go not that didn't go according to plan but it just hasn't fully you know played out quite yet it's kind of in the beginning stages of my philosophy here and let me explain what I mean by that so you all remember a couple of days ago I I forget when it was a glass week I bought into McDonald's as a swing trade right about 194 ended up cutting my losses I believe on this day and then the next day guys literally it pops back up it was one of those that I got out and then the next day it came back up but hindsight hindsight is 2020 so at this point I didn't know if it was going to come back up obviously now that I know it I should have held it but again hindsight is 2020 so now like I mentioned in my video where I told you guys I took that loss I was looking to re-enter into McDonald's and today I ended up doing that as we broke above this 194 kind of the 19350 level which was a resistance and now we're in this next channel that's why I entered pretty much right because we broke the main resistance if we go back to this 184 hour chart and zoom in a bit you guys can see last time we broke above it we filled all the way up to 198 so the goal is at this point put a little bit of money in which I did and look and see tomorrow are we breaking above the 50 SMA if it does I'll add more money and hold up to the fill to 198 or if it breaks that 50 SMA right if it doesn't we get rejected I might have to cut losses yet again guys but hopefully that doesn't happen I think this looks promising especially because on the daily chart you can see the beautiful consolidation on top of that 19350 to 194 level of support so as of now I think I'm up very minimally on the position because I did get in on this little dip at about 19390 or 80 ish somewhere right around there so I have a little bit of a buffer built but again I'm only in with an initial amount of my goal position and again I plan on adding more money if we break that 50 SMA so another one that I traded today which just happens to be that stock that could break out after earnings is at V guys ticker symbol ATVI Activision Blizzard and let's just talk about this one on a technical basis very quickly and fundamentally what's been going on with Activision Blizzard because if we go to this one year chart you guys can see this thing got killed from 66 down to about 40 bucks that was a massive loss off the top of my head probably 30 40 percent there then we ran up all the way to about 56 bucks and over the past couple of weeks I guess you can say even two three months at this point this stocks been fiddling with this 56 57 level and it's failed to break out and in my opinion this is because you know investors traders out there they're anticipating and they're waiting to see what this company is going to do in terms of their earnings report tomorrow and a quick little rundown of what's been really just crushing at V let me pick up my phone here and go to the notes tab because I wrote some things down but the gist of it is they've been really shrinking in terms of revenue their revenues have been terrible over the past couple of quarters in terms of growth and let me bring this up here so at V saw a quarter three revenue decline sharply between quarter three 2017 and quarter three 2018 analysts expect that quarter three 2019 decline will be even greater this year right so gap EPS is somewhat more varied this figure grew between quarter three 2017 and quarter three 2018 but EPS for quarter three 2019 is expected to decline by 68 percent compared to the quarter a year earlier announced quarter two EPS represented an upside surprise of close to 86 percent since that last earnings report Activision Blizzard stock has risen although this was not an immediate reaction to the release of earnings figures so overall between 2017 and 2018 guys at V has been getting crushed in terms of their revenue which is why this stock here has been getting killed right from 84 bucks you guys can see this was about a year ago when they reported that very big decline in revenue right from 84 all the way down to that $40 figure that we just talked about right which is very very bad so what are they expected to do this upcoming quarter so this upcoming quarter they're projected to do 11 cents in EPS equating to $1.16 billion in revenue so 1.16 billion is what analysts are expecting and again 11 cents of EPS so in my opinion you know studying at these company here over the past couple of quarters you know they've been low balling guidance and guidance has kind of been poor as well so I think what's going to pop this stock tomorrow is a if they guide higher if they somehow guide higher raise that guidance what is that going to do that's going to put a lot of optimism into traders minds and especially investors of the company think about it if they guide up for revenue if they guide up for EPS that is a reason for people to buy the stock people are going to buy more stock and obviously if they beat on EPS and if they beat on revenue which are the two main metrics people look at for the most part in terms of just you know general earnings you know overview the stock should go up as well in my opinion but I think the main thing is that guidance so watch guidance guys you know investors in general have been underwhelmed with you know at v they weren't too impressed with the blizzcon event the presentation at the annual blizzcon convention last week in california illustrates the challenges facing the company obviously you know we said the revenue has been crushed right and this is mostly because a lot of people have been thinking they're games they haven't really been innovating the games too much several analysts said the publisher's new line of video games fell short of expectations just as demonstrators outside the hall protest protested the company's banning of an e-sports player which honestly I don't really know about too much about that but this e-sports player was from Hong Kong so not to spend too much time on this guys you know overall like I said revenue has been struggling the company's been struggling innovating you know a lot of the fans they they weren't too crazily you know impressed in terms of recent game launches you know and innovation so these are just some things to keep in mind but again if their guidance is you know if they if their guidance is raised right revenue eps they beat on those terms you know this stock could be poised to fly up into the 60s based on this one-year one-day chart you guys can see this thing can really gap up from here if it does well into the 60s and honestly the top of this channel is around 62 to 63 bucks so that is the stock here at V guys worth watching definitely and yeah I traded it I forgot to mention what I ended up doing today but overall guys I saw the massive gap up today from yesterday and kind of the continuation of the uptrend here riding the moving averages so I took a little position on the dip here in at V and the goal was to really if it broke 50 SMA V 50 SMA here the goal was to hold it and really just take the profit if we were to get back up to the 56 dollar level but in this case we kind of already we kind of broke past that very quickly so I actually took a profit right around here I believe 5610 so overall on the trade I made about less than 1% and yeah let me know down below in the comments what do you think about at V so another stock I want to talk about today which is interesting is uber guys so uber reported earnings a couple of days ago as well let me pull up my nose to tell you what they reported they reported negative 68 cents of eps versus negative 63 cents expected so they uh they fell short in terms of eps but their revenue topped 3.8 billion versus 3.4 billion expected their net income they lost 1.1 billion dollars which was in line with the expectations and a lot of people have been waiting for this date November 6th which is when the lock up expires in terms of early investors being allowed to sell out of their position so a lot of people thought that uber stock was going to tank today because a lot of people were going to be dumping their shares and it actually did tank pretty deep today this morning especially we can see how yesterday closed at about 28 bucks we got all the way down to about 25 50 which was a drop of around 9 10 percent but from there guys you know it kind of consolidated started consolidating a bit and it ended up closing down about 4 percent so uber is this a buy right now guys honestly I don't know I'm you know considering maybe building a small position in uber if it does get closer to 20 bucks maybe even below that but I'm really not focusing too much on a business like uber I think there's a lot of other places where you know I could put my money into companies that actually profit right that are actually profitable so at this point you know uber I'm just going to keep an eye on it maybe if it finds a bottom maybe if we find a bottom at 20 25 bucks maybe I'll consider you know a trade a short-term trade maybe back up to the moving averages which we can see on this on the stock you know a pattern that it's showing is every time it pushes to a low you know our side gets oversold we start to run back up again and we test the moving averages which in this case are the 50 and the 180 sma so at this point we're pretty far away from those moving averages about you know 16 percent to be exact so if this thing starts to consolidate and make its way back up I might consider a short-term trade on uber you know in the next couple of days you know once this selling once it seems like it's calming down you know I might execute it from there and of course I'll let you guys know in these videos but as of now again I'm just strictly viewing this as a watch so very quickly some stocks that are reporting are sq square they're reporting today and I don't know exactly what they reported because I didn't look at them the earnings before I started filming this video but if we look in a bit here we can see really quickly what they did report they ended up reporting okay they beat on eps 25 cents versus 20 cent estimate sales came in at 1.26 billion which is up from 880 million which is a pretty good growth year over year there for square so that's pretty good there based on the initial numbers I didn't really catch the revenue but I don't want to waste too much time on that Roku here they reported and oh my goodness guys they just dumped off a cliff so Roku at this point I'm guessing they reported poor earnings again I didn't look at their earnings before but we can see here again I can't see it here guys but obviously they didn't report too great of earnings nonetheless Roku you know they're dumping to the floor right now they might find support at around 113 115 that's a spot worth watching another qualcomm another stock rather is qualcomm and it seems like they did well on earnings because this stock is running up into the 90s here guys after hours so they're up about four or five percent at this point these are just a couple worth watching tomorrow because typically when a company reports earnings the following day a lot of the time especially if it's a speculative growth stock kind of like Roku is you know a lot of the time these stocks are very volatile and they offer potential for a short-term trader to come in and profit so another stock that I'm looking at here is Facebook and Facebook didn't do too well today guys down about 1.5 percent but it's still holding that 50 SMA on the four hour chart here so this could potentially be a dip entry if we break below there at that point we may be selling off even further I hope that doesn't happen but in this case it's holding it so we have to treat it as a potential higher low until it breaks that level so another stock here guys two more before we end off the video Disney we talked about this one guys yesterday just to cover it very quickly here it was down 18 cents they are reporting earnings I believe tomorrow so this is another earnings play that could potentially be massive right if they do well on EPS revenue this stock has fallen a decent amount from its peak 147 being that peak that it could maybe see a rally here because to be quite honest it hasn't really ran too much over the past couple of weeks it's really just been on a straight up decline so if they do well this could be a one that pops up and off the top of my head guys I'm pretty sure that's everything that I'm currently watching you guys oh my goodness I almost forgot about good old you guys here you guys was actually down 5% today so I'm actually interested in seeing what are they going to do in terms of the report in terms of natural gas here you know this is going to vary a lot in terms of what the price will be for you guys because tomorrow Thursday 10 30 a.m eastern standard is when that comes out but on a technical basis here you know you guys is holding that 50 SMA it's holding that old 1940 resistance as a support heading into the close so this is a pretty pretty good sign here in terms of you know you guys but if we get injections in terms of natural gas tomorrow that could be a short term blow to you guys which could bring it down to maybe 1830 maybe even down to the $17 level 1750 as well but you know if the reverse happens right we don't get injections we start to get some withdrawals you know this thing could fly up back into the 20s who knows we'd be going up to 23 bucks like I talked about in a previous video so that's it for this video guys if you enjoyed it feel free to go down below hit that like button consider subscribing if you do want to see further content from me and don't forget to join our StrifeSmart discord group chat and our StrifeSmart Facebook group and pick up some StrifeSmart merch all those are linked down below I appreciate all of you guys especially if you got to the end of this video you are the real MVP I'll catch you all later