 What is going on everybody is Stas here welcome back to another video so in today's video just like every single day 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 talking about and I'm going to be analyzing with you guys What I personally did today with my trades on the 15th of July in 2019 as well as taking a look at some other stocks and ETFs that I'm personally watching and looking to trade right now in The stock market so if you enjoy this video drop a like if you enjoy this type of content Consider subscribing to the channel, and let's just get right into it guys So the market actually closed 12 minutes ago, so we can see the S&P closed yet again above $3,000 it was up 53 cents so not much of a move at all It was up 0.02 percent at the close the Dow Jones industrial average Which did very well on Friday and over the past couple of days here didn't do much either right it ended up closing up $27.13 up 0.1 percent the Nasdaq here up $24.50 this one did do Decent today, I guess you guys can say 0.3 percent is a pretty decent day considering You know all the other days that we've been having being like, you know 1% 1.5 percent days I guess you can say since those are spectacular days 0.3 percent is pretty decent right and you guys can see we hit a high today at about 7992 and if we go back to the 180 4-hour chart very quickly you can see that that is an all-time high so despite the market being a Bit flat today not much movement across the S&P and the Dow The Nasdaq was able to hit an all-time high today $8 shy of that milestone being $8,000 and drop a comment down below Do you guys think we're going to get to $8,000 tomorrow? Let me know. I personally think there is a very good chance We do get there so hopping back over to the S&P. Let's break down some technicals Very very quickly. So since we did move barely today, you know The technicals are kind of similar to what I talked about in yesterday's video in the beginning of the video But now we saw another day of data since even though it was um You know not much of a move. We got the consolidation, which is a good Factor here that we want to take into account. So even though again, we didn't really do much We got the consolidation here on the five-day five-minute that we are holding above the 180 S&P here and also above a Resistance from yesterday's trading session or rather on Friday's trading session, right? You guys can see 3005 well first of all the first um support that we need to hold above is $3,000 right notice how this was a resistance on the 10th of July through the 11th of July You guys can clearly see that we broke above it. We gapped above it that one day I know you guys remember that and we ended up holding that level as a new support and from now on We need to hold that level if this uptrend is going to you know stay intact, right? So we have that level, you know, we have 3005 we have 3006 so this general area, you know the old resistances We're holding them as new supports right now, which is a very good sign in the S&P 500 even though It didn't really do much today. We got that consolidation. We got that hold of the support You know from previous resistances, which is very key here So going here to the 20 day one hour you guys can see you know, we're still in the uptrend very very clear You know we broke out of that wedge that we were talking about in yesterday's or rather You know this past week's video and in yesterday's video and you know We gapped up and from there the markets have been doing quite well, right in particular the S&P 500 going back out to the 184-hour chart you can see our side it is a bit overbought at this point So if we were to pull back, you know in the S&P I wouldn't be crazily surprised and if we pulled back again going back to what I said a Couple of seconds ago about the 3000 and 3000 and five level, you know I would expect the S&P to hold that level as a support and then continue the rally from there If we continue the rally from there and let's say, you know, we break on the 20 day one hour chart If it'll be bad news in my opinion, you know, if we break this 50 SMA at least on a shorter term Technical perspective here because that has been a support over the past couple of weeks as you guys can clearly see So if we pull back that'll bring the R side down a bit on the 184-hour chart Maybe that'll make it a bit more attractive to hop into some of these market ETFs in particular. I trade this one What is it SPXS? No, it's SPXL guys I always get those two confused for some reason but SPXL is an ETF that goes up whenever the S&P 500 is going up, right and you guys can see this is a bit overbought if we get that pullback If the S&P pulls back we'll get the pullback here that would open up an interesting entry point So that's the analysis on the S&P hopping over here to the DAO and then the NASDAQ we have to do it in the right order guys I always do S&P DAO NASDAQ and for some reason I'm weird I just stick to the same order and it's weird if I you know do them differently I don't know if you guys understand but you know from my perspective, but anyway 27,000 364 is that all-time high and do we actually hit that today? I think we did hit an all-time high today I said before we did it in the DAO but we did hit one today in the DAO Jones as well and a lot of the same with the S&P Right, it's pretty much a consolidation here for the DAO Jones industrial average, right 20 day one hour You guys can see the uptrend is intact We're a bit overbought in terms of the RSI going back to the 184-hour chart You know we are very overbought as well So at this point, you know if the DAO were to pull back, right? You know, we're obviously at all-time high levels We're above you know all previous resistances at this point since we're at all-time highs right when you're at all-time highs and There's nothing really above in terms of price action price data, you know, there's not much resistance There really is no resistance at that point. So at this point, you know We need to see some sort of a pullback maybe a retest at about 27,000 flat That's what I would look at. That's an old resistance new support at that point. We might be at the 50 SMA This is also a level of support. I'm looking at here on the 20 day one hour So these are just a couple of things I'm watching right because as long as this keeps going up day after day after day What that tells us is there is going to be a pullback eventually because the pullbacks They always come it's just really seeing when they come you can't time it perfectly really ever You know sometimes you can you know a lot of the times you can sometimes you can't but you know when they happen you see The analysis and then you understand what could potentially happen next time, right? So that's the DAO, you know NASDAQ if we go to the NASDAQ very quickly a $27 red day or rather green day today not red day Stas. What are you saying up? 0.34% you guys again we hit that all-time high and very similar to the S&P and the DAO We're at all-time highs. There's really no resistances above us So now we have to see are we going to continue making all-time highs or are we going to pull back and potentially test some old Supports or rather old resistances as new supports, right? So at this point you guys can clearly see on the longer-term chart even if we go to the one-year one-day chart very quickly You'll be able to clearly see a level of resistance that were previous all-time highs levels of resistance that were previous all-time highs Being at $7,700. That's one you guys can see that back in August to about October of 2018 The second one is at about 79 ish hundred that we recently just broke out of because we've been making All-time highs day in and day out pretty much, right? So that's the level we want to see hold for the NASDAQ in the event of a pullback at this point Right if we go back to the 184 hour chart you can see we're a bit overbought not extremely overbought like the S&P and the DAO Where I believe on these time frames. Let me just double check that right the S&P is a bit more overbought You guys can see that and the DAO Jones so in terms of the 184 hour the NASDAQ's not as overbought But then we go to this 20-day one hour you can see you know It's in need of a little bit of a pullback maybe down to about 79 60 But still it's not as crazily overbought as the DAO and the S&P which actually you know It's kind of interesting to me right because typically you know when we go on these rallies the NASDAQ is Not always but sometimes I've realized over the past couple of months The NASDAQ is the one that runs you know to the most overbought side because it runs typically more You know then the S&P and the DAO but that's just a little insight so that's the market update for today's video guys Let me know down below in the comment section. What did you think about the market today kind of flat? I know you know, what are your opinions on that? What do you think the market's going to do in these next couple of days next couple of weeks? What stocks are you watching? Let me know so you guys saw in the title You know is this particular stock going to rebound and this particular stock I'm sure a lot of you guys have seen it in the news is Johnson and Johnson And if you're not really familiar with what has happened, you know with Johnson and Johnson I do have a couple of notes here that I want to talk about you know very briefly in under 60 seconds So Johnson and Johnson for those of you guys that don't know they are currently under a criminal investigation for allegedly Concealing cancer risks of baby powder in one of their products So investigation is being done to determine whether or not Johnson and Johnson lied to the public about the baby powder cancer risks There are also several civil lawsuits against Johnson and Johnson from customers claiming their talcum baby powder Has caused ovarian cancer, which is a very very, you know serious claim And if that is true that is very very bad, you know, that's very sad for the people You know that are suffering from this and from a business perspective, you know, that's very bad for Johnson and Johnson So that's very very bad situation, right? So Johnson and Johnson very interestingly You know, you can see these big big companies. They get sued a lot Johnson and Johnson has been sued more than 13,000 times for failing to inform customers that it's talcum powder Contained asbestos, which is actually what caused the stock to drop, you know a couple months back I'm sure a lot of you guys remember 150 we can see we were nearly at 150 and we dropped all the way to a hundred and twenty one Dollars so, you know, this is something huge. It seems like, you know Whenever these serious claims come out against Johnson and Johnson the stock always tanks again We saw this serious claim back in a couple of months ago It dropped like this right and then we ended up recovering as people started to forget about it as the news Started to fade away. We started recovering. So we got the instant drop right now This is kind of why I'm analyzing Johnson and Johnson, you know, we have that negative news But I'm thinking, you know, if this negative news Maybe blows over not that it's going to completely fade away because obviously there's there's lawsuits going on But in terms of the media perspective if there's not as much coverage on this lawsuit on this, you know Criminal investigation in the next couple of days, maybe next couple of weeks Maybe things start to cool off, you know This could be an entry point in Johnson and Johnson that could be very interesting right a hundred and thirty four dollars up to 145 previous highs that's about a seven percent and I'm looking at this as a potential Swing trade guys because again, we've seen these things happen in the past, right? We've seen negative events and the stock has rebounded as the news started to fade away again It didn't fade away completely. It didn't go away But as the tensions from that initial media release started to you know fade away a little bit, you know The stock started to recover. So I'm thinking that could potentially happen here And you guys can see if I actually just quickly erase all of these drawings clear drawing set Yes, you guys can see if I draw one little trend line here You can see at this point where we're seeing some consolidation on John on Johnson and Johnson Happens to be you know on the pattern that I just drew out for you guys And it's actually a higher low from the previous so if it were to pop here This would be honestly just a continuation of the uptrend for Johnson and Johnson from its initial drop a couple of months ago Due to the asbestos situation here. So guys, this is very very attractive But let's say it breaks like that. That's a different story I'll reanalyze it at that point that in my opinion would be pretty bad and another thing about Johnson And Johnson they are reporting earnings tomorrow. So this can heavily fluctuate the stock and Really at that point when I see what the stock does how it reacts I'll obviously update you guys, you know with with the technical analysis But I think you know that could break it off this trend that could pop it up, right? So I'm actually waiting until after earnings to potentially take a position here in Johnson and Johnson That's how I personally, you know view things here. I don't like gambling on earnings plays I like hopping in after earnings. I like seeing guidance. I like seeing what the earnings were how the stocks reacting stuff like that So this is a very interesting play here guys again about 7% if it pops here, you know, that could be a really really strong move So Johnson and Johnson, let me know down below in the comment section. What do you guys think about this one? So, you know, let's do a trading update now You know now that I got the you know That the pretty much the premise of this video being Johnson and Johnson, you know out of the way Let's talk about a trading update what I did today So if you guys follow me on Instagram I actually called out you guys today UGAZ literally right before it ended up going on its rally And if you guys remembered Yesterday and yesterday's video on Sunday. I talked about the 1750 level on you guess So let's hop here to the 20-day one hour very quickly you guys can see what I'm talking about So 1730 here. This was a level roughly 1730 1750 that you guys can see, you know Once we were able to break out of the moving average resistances here We were able to hold that level as a new support that old resistance as a new support And we actually had the confirmation from the 9th of July you guys can see we actually pulled back and retested it there and Popped to our high of about $20 and today we got that pullback and we got the retest at 1730 1750 that range where I was looking to see whether or not you guys was going to pop above there and Potentially be in play be a good move at that point And if we go to the five-day five minute you guys can see we went on a rally on you guys literally once we hit 1750 and if we go to natural gas which is what you guys trades based upon whenever natural gas is going up in price You guys is going up in price. You guys can see you know right around that time period You know natural gas hit a lower low. You can see it's been down trending over the past You know a couple of days here really since the 12th you guys can see from Friday up until now We down trended over the weekend pretty much So you guys can see we hit a lower low and typically when a stock's getting beaten down beaten down beaten down You know, you can't really find the bottom obviously, but when you start to see Consolidation and then a spike upwards. You're you're telling yourself you're thinking to yourself Okay, this could be the bottom since we hit a lower low You know the next pattern would be to start to pop back up and retest all the resistances You know, you see that bottom in the pop, you know, that's the thought that's coming to your head And that's what I was thinking at this point So we started to get that pop and we see you know on the five-day five minute the 180 SMA resistance is The resistance that we got hit at This morning literally at 9 a.m. You guys can see 244 lower low popped up We didn't break out which would have been extremely bullish. We started to get rejected But this is actually after the trade has been done in terms of you guys, right? So we hit the low 238 very oversold on the RSI. We started to pop up And if we go to the one day one minute, you guys can see it even better, right? We started to pop up No, here it is guys 238 we started to pop up and then we broke out of the 180 SMA We hold that level we held that level as a new support at 239 and we started to break out This is at about 1 30 p.m. Eastern Standard Time We started to break out and I entered into that position guys, which is you guys, right? And if we take a look at you guys, you know, it was a very quick move And I just happen to be you know on my computer doing analysis again for those of you that follow me on Instagram You saw the call out, right? So You know ended up hopping in I think it was at about like 17 75 initially We got the pop pullback didn't do anything because we held the 50 SMA was being patient at that point And then we started to fly up again and then once we broke that resistance at 18 dollars We hit the high at about 18 13, you know, I saw the big pump ended up hitting You know and selling out rather at about 18 dollars and 10 cents So you guys can see, you know from this initial pop here at about like 17 80 You know 17 85 up to about 18 10 that was about a 1.3 1.4 Profit and you guys know I'm happy with really anything above 1 that's very very good in my books and 1.3 percent I locked it in was very very happy and didn't really do much before that guys to be completely honest because again This morning was kind of a slow morning Honestly, I was watching the s&p this morning actually to see if we were going to sell off from this initial dump I was watching spx s which actually is this the one that sells off Yes, it does no no no spx was selling off the s&p was selling off And then this one was going up, right? I was watching to see this this one could have been a potential breakout If we did sell off today, we didn't get the sell off and that didn't ended up playing out So I kind of scrapped trading for this morning ended up popping back on and then made that trade that I just talked to you guys about so a couple that I'm watching tomorrow We talked about Johnson and Johnson You know you guys is obviously one that I'm watching tomorrow again Because we saw the weak close that it did have maybe a retest 1750 if natural gas finds a support Maybe at around 240 ish. That's what I'm thinking if we go back to natural gas You guys can see we're roughly at that level You know if we find a support here and continue to pop up, you know, maybe we start a bull rally here You know you guys could be a very very good play. I'm watching The list is here guys. What are the other ones? I'm watching amazon amazon is one that I was talking to A couple of people today about on my instagram and by the way, if you guys don't follow me on instagram The first link is down below in the description. My username is literally stasksurfest So go follow me on instagram, but we were talking about amazon today because amazon You know was looking pretty interesting at $2,000 and honestly it's looking interesting headed into the close today So if you go in a bit closer on amazon, you know 20 day one hour You guys can see the 2000 level was a support from the 12th of july You guys can see we successfully held that support today at $2,000 as you can see on the one day one minute We had a strong consolidation Literally a triple bottom before we reversed out of the 180s to may resistance here So we were talking on instagram and a bunch of people on discord were talking about it because amazon has honestly been one Of the hottest stocks, you know in the market right now. We're right at the all-time highs It's exciting whenever a stock is running like this and everyone's talking about it And again, I was talking about on instagram and discord, you know, it was really interesting and we were seeing and talking about You know, are we going to hold and run and continue on this rally? And since we broke out, you know, this seems like it's continuing and it closed very strongly Ideally, I would have liked to see it close above 2022 We closed and actually got rejected at 2022 and close at about 2020 That is you know, not the not the not a bad sign really But that just means we have to gap up tomorrow and get out of 2022 Which is that resistance, right ideally again, if we ran up here to 2026 and then pulled back and closed at 2023 That would have been better in my opinion But that didn't ended up happening But either way it did close very nicely on a nice little run here So if we're going to the 10 day 30, you can see 2030 ultimately that is the resistance We need to break out of and from there the all-time high you guys probably know this is at 2050 Which at this point it happened um out of the 184 hour chart We have to go to the one year chart and you guys can see 2050 on the fourth, I believe of september based off what i'm seeing here. So amazon i'm watching that one very closely Crude oil did an interesting move today. It actually broke 60 dollars that resistance We were talking about it was actually a new support up until today and then we got that dip into Back into rather that 50 level that 59 level and you guys can see exactly what i'm talking about right this trend looks Very bearish you can see we hit the 61 level that was a clear, you know level of resistance It was a weak spot, you know clearly crude oil was running up for many many days It needed a cool off period So, you know, we started to get moving averages 50 sma breaking below the 180 sma this green line breaking below The yellow line which is a very bearish move and we've just made lower lows and lower high since then and we broke slowly that 60 level of support And we took the huge dump the huge leap today So dwt which actually trades on crude oil is breaking out So this one if crude oil ends up filling the gap down to i believe $57 and if we see to the 184 hour we can see if we filled down to 57 here guys Which is the next support rather actually the 50 sma is at about 58 50 So that could be a spot we potentially hold but especially if we break the 50 sma 57 50 57 75 as a spot I'm looking for crude oil to hold and if we do get that sell off guys dwt that goes up Whenever crude oil is selling off and you guys can see it's breaking down right now or rather breaking out right now This is going to be a very very good play So those are just a couple that i'm watching here guys. Um, you know, I'm really liking dwt I'm really liking j and j especially if this you know news blows over Let me know what you guys think about that So I hope you all enjoyed this video if you did feel free to go down below and hit that like button Feel free to comment whatever you guys think whatever's on your mind stocks anything You know drop a comment Let me know and also if you haven't yet subscribed hit that subscribe button Hit that notification bell so you're notified every single time that I do make a video I appreciate all you guys watching really really do Peace out. Take care. Have a good one