 What is up everybody is Stas here welcome back to another video so in today's video like you guys read in the title We're going to be talking about and breaking down The top couple of stocks and ETFs that I'm personally watching and looking to trade here in the fourth week heading into the fourth week of July in 2019 and I'm also going to be breaking down a couple of stocks and ETFs that you guys actually ended up calling out on Friday's video in the comments section or in the discord group chat in the call-out Section so if you did end up calling out of stock I do appreciate it I'm going to be covering it in today's video and if you find value in this video Feel free to go down below and hit that like button subscribe to the channel if you do want to see further content for me Join our Strive smart discord group chat and our Strive smart Facebook group both of those communities are 100% free Everything is linked down below and without further ado guys Let's just talk about the S&P 500 very quickly What ended up happening this past week a quick little recap in under two three minutes here So you guys can get a better understanding of what the overall market is looking like right now in terms of the 500 Largest publicly traded US company so take a look here guys on the five-day five minute you can see The S&P 500 hit an all-time high at about $3,017 on the 15th of July we fell on the 16th We fell on the 17th, and we actually hit a low at 2973 on the 18th of July before popping up and then ultimately Dropping again this past Friday, which was on the 19th of July and if we take a look on some longer time frame charts here starting out with the 20-day one hour You guys can see the potential start of a head and shoulders pattern here We actually talked about this I talked about this in the previous video on Friday I believe and you guys can see the left shoulder we popped up to that all-time high at 3,017 we had the aggressive sell-off forming the head of the pattern the pop-up the Retest the look to break out and potentially hit all-time highs again But we failed to do so because we got rejected by that 50 SMA and then we ultimately Dumped forming that right shoulder so you guys can see if this pattern completes itself at this point You know, we're going to be dumping below the 2975 level Which is a critical support and this 180 SMA here Which is an also a critical support on the 20-day one hour and we would do something like this And that would be the completion of the pattern and at that point, you know We might be trading at 2900 2800 who knows guys and that is if this pattern completes Let's say we pop above here. Let's say we break out of that 50 SMA You know, that's going to be a completely different story from there We might be pushing to all-time highs again, but I'm saying if we break this we start to break You know, we could be dumping even further from there And if we take a look at the 184 hour very quickly to take a look at and identify some supports for this upcoming week on The S&P 500 you guys can clearly see 2975 is very very Important a very very critical support here on the S&P you can see it's above the 50 SMA at 2975 which has been a support over the past couple of weeks as you guys can see and 2975 happens to be a resistance from a couple of weeks ago in the beginning of July Before we broke out of that resistance holding it as a new support and then popping to those all-time highs So the fact that we're trading above that old resistance. It's a new support right now So that is another support that we're holding above at this point in time Just know that the 2975 level in general if we break it we might be going to 2950 next and after that if we Break that we may be going down to 2900 flat which would put us on top of this 180 SMA And so forth guys. There's a bunch of other supports below this level, but 2975 is super super Critical one to just keep an eye out for for this entire week So that is just a brief market update in two three minutes of what ended up happening this past week and some supports resistances that I'm looking at right now and you know some levels that I'm just very very closely watching for this upcoming week guys So with that further ado, let's just hop right into it What am I looking at in terms of stocks and ETFs and some that you guys actually ended up calling out? So as you guys saw the markets are falling right the Nasdaq actually fell very aggressively as well This past Friday and that brought down a lot of tech So tech right now is on a bit of a sale if the markets do end up Recovering here and testing all-time highs if this does end up being a dip in the overall markets like the NQ the SPX Let's say we recover and pop there's going to be a lot of opportunity in tech stocks including Amazon right AM ZN and that is if the markets do recover Who knows if the markets continue to dump like I personally think there's a good chance that that happens You know Amazon might be dumping as well But in turn in terms of Amazon right now you guys can see that it's holding that 1950 level which was an old resistance back from the May and April months of 2019 you guys can see we saw a bit of a double top there We pulled back in that May or rather we had that May on month of correction here in the markets You saw Amazon took a hit from 1950 down to about 1700 and from there we recovered We broke out of 1950 we broke out of that resistance making it a new support And then we hit that all-time high or rather that high on the time frame here at 2035 which is actually 15 points below the all-time high from about a year ago at 2050 so now that we are testing that spot as a support again This is very critical guys because if we hold this and then on a smaller time frame on the 20 day Let's say we hold this 1950 level we break out of this 50 SMA We may be gunning for that 2035 spot and maybe all-time highs again But one thing that I'm noticing here guys is the potential bearish cross that's about to happen with the 50 SMA this green line That's about to cross below the 180 SMA that could signal more sell-off You know in a particular stock ETF future index whatever we're analyzing, but in this case It's obviously Amazon. So if that cross does end up happening and we break below 1950 I'm not really looking to trade Amazon at that point, but the whole idea here Let's say if this is a double bottom we break up we break that 50 SMA at that point We're confirming the bounce at 1950 which again is a very critical support And we may be filling the gap up to 2035 at that point It may be even pass that to potentially test the all-time highs and at that point at this point That's what I'm watching for on Amazon guys really just to hold 1950 and to fill the gap back up to 2035 I think that could be a very good play if the markets do end up Bouncing back because again Amazon one of the biggest companies out there It heavily fluctuates the market when this drops and obviously when the markets drop Amazons most likely dropping as well as a lot of these other large Companies like you know Apple Microsoft Facebook and the list goes on right so let's talk about Dpz which is another one that actually called out a couple of days ago and somebody in the comment section actually Wanted me to follow up with Dpz because it actually did end up breaking a very good point here Which I actually talked about in the previous couple of videos now It's looking like it's filling up to the next gap guys And let me explain what I'm talking about here on the 184 hour chart very quickly You guys can see a strong support on Dpz at around 245 dollars notice how we held that back in December we held it back in March and now after we got that big dump I'm assuming this was after earnings. We got a dump from about 282 all the way down to 245 We held that spot yet again We popped up and we actually tested on another Resistance here and I do believe I talked about this in the previous video and you guys can notice why this is a resistance It's a resistance because back in January literally on the second day and pretty much the whole first half of January in 2019 we were struggling to break out of 250 But the fact that we actually broke out of 250 now We held it as a new support and now we're breaking up into the mid 250s and high 250s looking to get into 260 That's a very good sign in my opinion for a continuation move here in Dpz And you can also see, you know, it's breaking out of the the EMA line That's light blue line here. This is looking pretty good But now just to follow up with it. Let's draw some new resistances that I'm currently seeing right now on Dominoes and honestly, this might be better if we go to the one year one day. You might see it a bit clearer So take a look here guys actually where we are right now Happens to be 255 257 ish happens to be another level of resistance Notice how on the 30th of July about a year ago in 2018 that was a spot of support We bounced above it, you know, obviously that's making it a resistance up until right now because we are slightly Peeking above it. So now if we hold that as a new support, that'd be very good. You can see it was a support back in Back in October at 255 you can see it was a resistance back in March before we broke out of it So this is a very critical spot guys and it does seem like we are peaking above 255 a little bit right now So if we hold that, you know 255 as a new support, you know This could be a spot where we might be filling the gap up to 260, right? That's another level you guys can kind of see 260 might be the next the next Gap we fill and then from there. Let me try and find some other ones off the top of my eye right now 267, you know, if we break that, you know, if we break 260 we might be filling the gap up to 267 but all in all at this point guys The the idea is that Dom is Domino's DPZ is filling gap after gap and Continuing its recovery from the bottoming out point at 245 And that's a very good sign that it wants to recover back up to potentially to 60 to 70 the previous Higher levels that it was at and just to further confirm this on the 20 day one hour Take a look at what the pattern on Domino's is looking like we found that bottom again And since then we've been making higher lows higher highs breaking Resistances every day and you can see the pattern that it's currently on and actually even broke out of the 50s You may have resistance. We closed above it, which is very good So just keep an eye on Domino's to see if it's continuing this push if we break out tomorrow Maybe above 260 that would be a very good continuation move there on Domino's And honestly if we pull back and retest 255 hold it maybe that could be an entry point for the fill up to 260 That's what I'm currently watching as well. So DPZ. That's what I'm watching guys FedEx is another one. That's in a similar situation where Recently it did end up dropping and if it would like to load that would be great FedEx, it's not FDZ. That's my fault. It's FT FDX not FDZ I wrote it wrong on the notepad too actually which is kind of funny But anyway FDX is FedEx corporation This is one that's been clobbered over the past couple of months We've talked about this in previous videos actually But now it's finally looking like it is showing that break that we like to see For the start of a break and what that means is it's it's breaking out of simple moving average Resistances on some larger term time frames in this case the 184 hour chart Notice how this yellow line the 180 SMA and this green line the 50 SMA both of these lines have been acting as Resistance points you can see it from April all the way to about May the end of May for mid April the 50 SMA was a Resistance now we broke out of it and from that point guys You know from the beginning of June I would say we've been actually breaking out of both of the levels You can see we initially broke out of the 50 SMA You know we were we were holding it and at that point we were trying to get out of the 180 SMA Which was the next barrier and now we actually just got out of that level and we're actually holding these levels as new Supports now we're actually trending above them And we're making higher lows and higher highs out of those moving averages So that's a very good sign that the trend is beginning to reverse and we're also starting to see a Bullish cross of the 50 SMA crossing above the 180 SMA right now in real time guys So at this point you can see there's a clear resistance on FedEx So although it's reversing out of moving averages It does seem to have some trouble at about a hundred and seventy dollars and this is ideal a Break above this would be ideal in my eyes to enter into FedEx and until we do break above that level I'm really not looking to trade FedEx but take a look at this pattern in the past couple of months that FedEx was on It was actually trading horizontally between 170 and about a hundred and eighty five dollars So I'm thinking right now guys if we do break and it takes a bit of patience here to see and wait and see if it Does end up breaking but if we break we hold 169 170 as a new support and then we fill the gap I think this could be a very feasible trade here from about 170 up to about 185 It offers about 8% and you guys can see we were hovering in that horizontal channel Literally from the beginning of this year in 2019 all the way to about March when we broke out and then we dumped from there So at this point, I'm thinking that could be a very good move In FDX and that's what I'm watching. We need to break the 170 spot break 170 And then fill the gap up. I think that's very very possible there So let's talk about gold very quickly because I know gold has been the talk of the town guys slash GC gold futures You can see how crazy this is running and by the time this video is actually uploaded and you're watching it It's going to most likely be past 6 p.m. Eastern Standard Time So you'll be actually able to see what the futures are moving like. What are they opening? You'll be able to see at you know What the S&P the NASDAQ the Dow futures are looking like and that's going to assist you in planning your trades But for this video, I wasn't able to wait till the nighttime to record it because I'm busy later on today But I figured just to show you guys and let you guys know that the futures are open now While you're watching so go check out what gold's looking like But ideally if the futures are open, right? And we're holding above 1425 1430 that is what we need to be doing for gold to continue to fill up to maybe $1,500 maybe 1550 and I'm sure a lot of you guys watch my video when I talked about gold more in depth a couple of days ago But at this point if we do end up holding those levels at 1430 1440 We could be filling up to the next high here at about 1540 or rather to the next resistance, which is at 1540 rather I did I say 1440 I meant 1540 and that's about a hundred points higher at this point and you may be saying stash you're crazy What makes you think gold's gonna go that high at this point guys again? I mentioned this in a couple of videos ago We're towards the end of an economic cycle and if you guys see what ended up happening with gold Last time you know the market crashed you guys can see from 08 07 to 09 gold actually appreciated Quite well right and am I saying the market's going to crash? Absolutely not guys right? No one knows what is going to happen Really nobody knows what's going to happen, right? But a lot of people flock to gold towards the end of the economic cycle because it's considered a safe haven that Holds its value during economic crisis is and maybe sometimes it even goes up in value, right? As you guys can see over the past 20 years, you know, this has actually been able to do quite well Especially during this time period. So, you know, maybe you know, that's a reason that people think that You know gold is going to do well I personally think that this is just extremely bullish right now for those reasons stated and I do think it's possible to fill up 215 40 and let's say that does end up happening You know Jnug which is one that we trade a lot on the channel I talk about a lot on the channel which goes up whenever gold is going up You know, this is going to be a very good ETF to play and you guys can see how crazy It's been going now that gold has been reversing so heavily and just running up You know in price being extremely bullish after it was a bit bearish for a couple of months And I know I know a lot of you guys know what I'm referring to right gold went through a point where you know During this time period, you know in the beginning of the year all the way up to May for about five six months Gold was just dropping, you know, the downtrend was there and this breakout that we're seeing It just continues to lead me to believe that we're going to see more bullish You know more bullish sentiment and gold to be completely honest with you guys So let's take a look very quickly at some other ones in video NVDA and video at this point is one that just based off some Brief analysis if we just take out my support resistance tool very quickly You guys can see if I draw this one out Then if I just extend this one in video is just in this very small Little channel right now. You can see we're trading between 168 and about a hundred and seventy three dollars Notice how we pop to about 173 we pulled back from there And we actually held a higher low from the previous at about a hundred Um, let me guess a hundred and fifty five dollars. You guys can see that we held the trend very nicely We broke out and we actually failed to break out of 173 We broke out of the initial resistance at about 168 We tried to break out of 173, but we failed we pulled back And now we're just holding that same support at around a hundred and sixty eight dollars So at this point Nvidia might pull back and retest that 50 SMA Which has been a support over the past couple of weeks and at that point it might be at about a hundred and sixty five dollars And at that point it'll also retest this trend line that I just drew for you guys And that could open up a pretty interesting entry point from 165 up to let's say 173 that's about a four or five percent profit margin on Nvidia and let's say, you know It's going to continue the uptrend We need to break out of 173 for that to happen There could be even more potential on Nvidia upwards of ten percent there if we just take a look at some previous resistances and honestly guys the next resistance at that point would be around I'd say maybe 175 177 180 and if you do the math, you know, that's a pretty good margin of profit there on Nvidia and that's looking pretty good guys in my opinion We just need to pick a direction. Are we pulling back? Are we going to break out? You know, that's going to heavy heavily influence my decisions for Nvidia. So MU is another one I've been running up like crazy recently We just popped to a 46 higher high at this point and the fact that MU is up 30 percent 28 30 percent is in the matter of like a month guys. That is Unbelievable if you guys know and if you've been following me for a while I've actually been holding MU in my long-term portfolio now for about like a year or two And my average is actually quite high. It's at about like 50 for I forget to be honest with you guys But it's in the mid 50s. It's like 54 53 55 or something and I was pretty much almost half on my position at that point I fit $32. I've lost almost half at this point. I did lose almost half I was down 50% and remember this is a long-term position and the fact that we are up 30% That just gives me a lot of you know It feels good to be honest guys because I was down again like 40% So I've recovered like 30 like 20 30 percent of my position in the past month I'm cool with that right and I'm sure a lot of you guys would be as well But on a short-term perspective now, you know again, I'm long micron. This is a long long-term investment But on a short-term perspective here, we popped to a high at $46 You know, we may be pulling back down at this point to retest that 50s may notice this very bullish Extremely bullish pattern that we've been having we run up for five four or five days And then we plateaued for two three days before popping to the next level and you guys can see we plateaued for two three days We popped up for a day or two. Who knows we may run up one more day before seeing that pullback But all I'm saying at this point is you know momentum might run us up Maybe to 47 but ultimately I would like to see a pullback and a retest on that green SMA here on the 184-hour chart that 50 SMA for micron. So that's what I'm looking there and Tesla guys TSLA This is actually one that's reporting earnings on the 24th of July So Tesla is one that at this point, there's some a lot of actually positive sentiment around it, right? You all know about the production numbers that came out They shocked Wall Street the stock went up like crazy, right? And since since then honestly, it's just been continuing to run up in price So if they're earnings guys if they somehow I don't know what the forecast is for the earnings I haven't done too much research into it But if they somehow pull a profit again, I don't know what the forecast is this might not even happen at all But if they pull a profit guys at this point, you know Tesla could definitely be running up another 510% on that news because we know at this point Tesla is heavily You know affected by these these news articles that come out in the media and their earnings and stuff like that They're very very sensitive to negative news and positive news So anything can move the stock up guys, and I'm watching to see what ends up happening Let's say we pull back we retest that 50 SMA that could be a good entry point But me personally, I'm sure a lot of you guys know this already I wait till after earnings before entering positions, but you know Tesla here This could be a post earnings play depending on how things end up going down So that are those are the couple that I do have listed here on my note pad Of course, I'm watching the market ETFs like I do every single week guys This is not news to people that I've been watching of course If you're new this is news to you and let me explain it to you very quickly So market ETFs these are the bunch that I watch and these are pretty much You know focusing on just market direction on the major markets And this is the SPX and the NASDAQ these are the ones I personally track and the ones for the S&P 500 are SPXS which goes up whenever the S&P 500 is selling off So if I think the markets are going to sell off This could be one that I'm looking to trade right SPXS And this is a 3x leveraged ETF meaning if the markets, you know go down 1% Let's say the S&P 500 goes down 1% this one's going to go up 3% right That's what that means and the inverse to it is SPXL Let's say I think the markets are going to go up I'd trade this and this goes up 3x what the market and the S&P 500 in specific is going up So if the S&P goes up 1% this one's going up 3% and then of course SQQQ and TQQQ those are the it's the exact same The exact same ETF theory behind it, you know trades on the market, but it trades on the NASDAQ So if the NASDAQ is going up 1% TQQQ is up 3% and if the NASDAQ goes down 1% SQQQQ is up 3% right so those are ones that I'm watching on markets You know specific markets the S&P and the NASDAQ I'm watching some velocity or Velocity volatility ETFs TVIX in particular This one trades it does really well when there's a lot of volatility in the markets when the VIX the volatility index Is going up right and when the markets are generally dumping So those are just a couple that I'm watching this upcoming week guys I hope you all enjoyed this video if you did feel free to go down below and hit that like button Let me know in the comment section. What are you watching? I would love to know What are your thoughts on the markets? Where are we going? Are we getting this rate cut in the next week and a half? Is this going to dump the markets? Are we going to hit all-time highs again? Are the best days behind us? I would love to know what you guys have to think I love interacting with you all and uh, that's pretty much it right, you know subscribe like comment You know all the all the good stuff guys down below in the description box the strive smart discord the strive smart facebook My instagram twitter everything's linked down below if you want to be a part of it Well, and uh, that's pretty much it. So I'll catch you all in the next video. Have a great rest of your weekend peace out guys you