 What's up everybody, it's Stas 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 personally did today in the markets as well as some stocks and ETFs that I'm watching and looking to trade right now in the month of December of 2019. And as you guys read in the title, we're also going to be breaking down natural gas in this video ahead of the report which does come out tomorrow at 10.30 a.m. Eastern Standard Time. And I kind of want to go over some estimates for this report so we can understand what to expect tomorrow. And also two stocks that I'm considering to buy right now that are looking good that could potentially break out, I want to share those with you in this video as well. So all I ask from you is to hit that like button, consider subscribing if you want to see further content from me and if you want to be further connected with the Strife Smart community, Discord links down below as well as the Facebook group as well as Twitter, Instagram and all of those other good platforms. So guys, let's get into it right now starting off here with the good old S&P 500. This thing ended up closing up $19.56 today up .63%. And this is quite the bounce back because you guys remember yesterday was absolutely brutal in these markets. You can see here on the five day five minute actually the previous two days have been completely brutal and you can say that day on Friday where we had a short day was pretty bad as well. So we had two, three days in a row of crashing in this market and today we finally had a day, well not really finally I'm acting like the sell off was such a long time but we had a day today where we did end up going up in price, broke above moving averages, broke above the 180 SMA, 50 SMA and we consolidated quite nicely on the 180 SMA on this four hour chart if we zoom out a bit. Actually it's the 50 SMA not the 180 SMA which is this green line. So the fact that we broke above that green line, we're holding it, we're also holding that EMA. That is a good sign here that the S&P is trying to recover. So what I'm watching tomorrow for the S&P it's going to be slash ES the E-mini S&P 500 index futures. This is so important guys if we wake up tomorrow and these futures are gapping up heavily let's say they're up 7, 8, 9, 10, 15 points that is a very good sign that the S&P is continuing the uptrend from here. We're going to be extending higher and that's exactly what the bulls want to see for a potential all-time high yet again in the S&P and of course vice versa if we wake up futures are red let's say they're down 5, 6, 7, 8, 10 points whatever it may be that means we may be dropping down below this 50 SMA and potentially continuing that downtrend which we would see on the 5 day 5 minute especially if we were to dump below that 180 SMA. So that's kind of what I'm thinking on the S&P today very, very solid day strong bounce back day trying to get some of the gains back that was lost that were lost over these past 3 days and I'm interested in seeing what's going to happen over these next couple of days. So if we go over here to the Dow Jones you can see it ended up closing up 146 points today up .53% and just like the S&P the past 3 days have been quite bloody for the Dow Jones down on Friday, down Monday, down Tuesday but today we saw the beautiful pop above moving averages both the 50 and the 180 SMA and that pop actually did not break us above the EMA here and the 50 SMA like it did on the S&P but it did confirm on a further basis the $27,300 level of support that we talked about in yesterday's video which I guess you can say is a pretty good sign. So the fact that we gapped up here is good for the bulls and I'd like to see a further break above the EMA and this 50 SMA from a bullish perspective for us to get to those all time highs being at around 28,200 bucks here on the Dow Jones. So going over here to the NASDAQ this one's down 50 cents right now which does not make sense for the closing price of today's market and that is because this is the future guys and it's moving after hours here so if I pull up my phone and talk about very quickly what the Dow or rather the NASDAQ did up 46 points at the close up .54% and you guys can see here we're holding that 180 SMA as a support at a higher low I guess you can say from the previous low here if we're looking at a more macro standpoint on the NASDAQ so I guess you can say that's a good sign for the uptrend here. So for this to continue obviously we'd like to see the futures gap up tomorrow and potentially break out of that 50 SMA and this resistance at around 8,300 bucks that's where I'd love to see the NASDAQ to go up above from a bullish perspective for this push to continue and if we break it down from a smaller perspective here you can see how strong that 8,300 level of resistances so ultimately the first step in my opinion was taken for the uptrend to continue and that is the 50 SMA actually two steps have been taken here the 50 SMA break and the 180 SMA break and I guess you can say we're seeing a bullish cross here as well so those are some good steps towards the 8,300 break but ultimately that's what we need to see for this uptrend to continue for the NQ here so that's kind of my thoughts on the market today that's my breakdown here you know on the overall markets let me know down below in the comments what are your thoughts on the market what happened today are you buying stocks are you still being cautious are you sitting on a lot of cash I'd love to know down below in the comments section so what did I personally do today guys well I am still in my Tesla position that's one position I'm holding right now and if you guys don't remember I believe I got in this one on Monday I think in the 330s right around here on Tesla actually no that's on Tuesday Monday on this big push that's right that's where I ended up entering Tesla so I'm still holding those Tesla Tesla shares if you guys remember yesterday I ended up stopping out of my HD position my home depot position which honestly I'm still looking at this stock for a potential entry point just once it consolidates and starts to break out that's kind of what I'm waiting for I got faked out last time I did that right we saw consolidation and a breakout that's when I entered initially I got faked out because we dumped even further from there so next time we see something like that potentially a break above that 50 SMA that's where I'm looking to add more money into HD or rather get back into HD because I don't have any money in it at this moment in time so in terms of day trades guys I didn't really do much today because we saw you guys D gas they were kind of flat natural gas didn't really do much there didn't see much movement for my personal liking in these two ETNs that I always talk about on this channel there were two stocks though that I was looking to potentially buy today but honestly I did not pull the trigger so I'll tell you what those two were then we'll go into natural gas and then some other stocks and ETFs that I'm watching as of right now in December so those two stocks that I was looking to get into were square that's one of them ticker symbol sq I'm really liking this one due to the break above that $66 level of resistance and due to it holding that level at a higher or low as a support and continuing the push up to potentially break or rather test the resistance here in this case the top of the channel being at around 70 to around 69 bucks so I'm really liking this movement right here and I have been talking about it over these past couple of videos but honestly I did not quite yet buy it I was almost about to pull the trigger today for a swing but I figured why not share it with you guys give some knowledge to you all out there if you find potential in this one not saying to buy it because I see potential in it but if you see potential in it you could definitely profit on this because I see the potential right and you can see from about 67 bucks up to around 70 bucks that is about a 5% potential on sq and ideally guys if we zoom into about the 20-day chart ideally a break above this 50 SMA tomorrow if we break out do something like this hold that 180 SMA support on the hourly and break above that 50 SMA that's going to be a buy signal for me if we do that pre-market hey maybe even pre-market I might nibble some shares in sq the other stock that I almost bought today bought back into actually was Shopify guys ticker symbol SHOP and why am I saying bought back into well because I actually owned it was it last week or two weeks ago I recently was swing trading Shopify but I took a profit I took a nice profit and if I did hold the shares guys I would have made a lot more money but shoulda coulda woulda hindsight is 2020 we can't play that game here we have to play the the game of being in the present moment in the present moment we're seeing this thing flying like crazy up 6% up 21 points just today which is absolutely insane guys and can I toot my own horn for a second I called this stock out about two three weeks ago when it was at this level and I talked about how a lot of the time these growth names big growth stocks like Shopify and Roku sometimes stocks like these they report earnings the earnings are poor the stock gets hit in the short term but then after a couple of days in this case it was literally like a week or two people forget about those poor earnings and the stock just continues to fly up and in this case I think on Black Friday shopping sales and just kind of the data of how much people were buying on Black Friday and the Cyber Monday weekend I think that's what's kind of pushing up Shopify right now but hey ever since I called that out and really ever since we started to see that the people stopped caring after the earnings report it seems like the stock has just been flying like crazy and where did I almost take the position today guys I almost pulled the trigger here but I figured 365 366 it's not the best entry point so I kind of want to see if it cools back down ideally I'd like to enter on a 180 SMA bounce here on the 5-day 5 minute I think that would be a great entry point maybe at around 360 bucks if we pull out to that hourly chart maybe down to this 350 level 50 SMA spot that could be a good entry point but honestly with how hot the stock has been I don't know if we'll get a pull down that aggressively so one thing that also could happen if we zoom back out to that four-hour chart who knows guys we may even hover at 370 consolidate here for the next couple of days and then rally all the way up to 410 which is that all-time high here on Shopify stock so if we continue to push up I might enter here although we are at overbought levels this thing could probably continue to rally despite that technical because when this stock gets hot it gets really really hot so those are two stocks right now that I'm really interested in buying just on sheer momentum to the upside square and Shopify alright so now that we talked about that let's talk about natural gas let's do an analysis and talk about what some estimates are for this report tomorrow and we'll talk about where you can see this report which comes out tomorrow at 10 30 a.m. Eastern Standard Time so the natural gas symbol that I'm looking at I've been getting questions about this it's slash NGF 20 and this pulls up the natural gas January future so if we can look at these and kind of break them down what happened today guys if we zoom into the 20-day one-hour chart you can see we did not break out of the 250 level out of that 180 SMA resistance that we were talking about in yesterday's video and obviously if we were to break that level to the upside what would that be that would be an extremely bullish move and that would obviously favor you guys UGAZ which goes up whenever natural gas is going up so the fact that we failed to break that and the fact that we're still struggling to break that and we're trading below the 180 SMA that means from a sheer technical perspective right now natural gas is still bearish right natural gas is still bearish so we can see here if we pull up D gas which goes up whenever natural gas is going down right you can see it was up $4 and 58 cents today up 3.28% and if we go over to you guys this was up or down rather 38 cents down 3.6% and it's clearly still down trending although it's trending above the 50 SMA it's trending below that 180 SMA and like I've been preaching on this channel I'm not looking to get into you guys unless we break above here and unless we start to get some very bullish inventory reports and this inventory report honestly guys from what I've been looking at in terms of estimates it's not looking extremely bullish so we can see here according to FX Empire calm natural gas prices whipsawed forming an inside day on Wednesday ahead of Thursday's inventory report scheduled to be released by the Department of Energy expectations are for a 40 billion cubic feet draw in natural gas inventories according to survey provider estimates inventories declined by 28 billion cubic feet last week as slowing demand buoyed stockpiles supplied during the latest week was flat according to the EIA so if we go to the Safari tab here on my computer we can see exactly where you can find this natural gas report again tomorrow Thursday 10 30 a.m. Eastern Standard Time this is where it is literally dot or rather not dot IR dot EIA dot gov is the website URL so type that in or you can go on Google type in natural gas report and it's going to be one of the first links that pop up and like I said a couple of seconds ago this last week we saw a 28 billion cubic feet withdrawal of natural gas which you can see that number right here and the estimates again are expecting minus 40 which would be obviously minus 40 right here in the net change billion cubic feet of withdrawal so it is a withdrawal nonetheless that is good I guess you can say that there is demand right now for natural gas some of it but the demand is not enough it's not strong enough for a huge bullish move in natural gas and in you guys quite yet in my personal opinion so with the 40 billion cubic feet withdrawal expected being not extremely bullish and with the technicals still pointing to natural gas downside that is kind of how we have to play it at this point guys we're not going to fight the logic here we're not going to fight the technicals and the technicals are still screaming you know more downside right let's say that the report comes out and it's a lot more let's say the withdrawal was a lot more than 40 billion cubic feet who knows that might spike up natural gas that might you know be a surprise bullish report and we might see you guys end up flying from there but we have to see wait and see what's going to happen at 1030 typically it's extremely volatile during those times and it picks a direction in terms of the natural gas price action right after 1030 and even before the report comes out it's pretty volatile sometimes as well so those are some things to keep an eye out for for tomorrow's report and kind of my technical breakdown on natural gas right now as well as you guys and D gas so very quickly let's talk about some stocks that I'm watching other than square other than you guys D gas natural gas and other than Shopify one that I'm watching here is Neo and I know a lot of you ask me what kind of stocks I'm watching and since I trade a lot of large caps and since a lot of beginners actually watch my channel I realize that and a lot of people tell me this some people don't have enough money in terms of their account size to actually buy whole shares of these larger priced stocks so one stock that's a little bit lower in price well a lot lower in price than I'm watching right now is Neo and this is $2.42 per share so pretty much anybody could be trading Neo and I really like the action that we saw today in terms of the stock you guys can see we got all the way up to $2.58 today and if we zoom out a bit to this 30-day chart you can see we actually broke their resistance at 250 that we were struggling at back in the beginning of November and a couple of times here over the past couple of days so in my opinion that break that's extremely bullish and the fact that we're pulling down holding 240 right now as a new support 240 250 right and that 50 SMA this is a very good sign that it could be a good dip buy right now for Neo all we need to see is pre-market tomorrow a little bit of push here if there's enough um you know volume maybe we can squeeze in a position pre-market right and I think this could be a good run all the way up to $2.70 oh my god my voice guys like I've been mentioning over these past couple of days so Neo I'm liking it up to 270 I really think that is possible another one that's been doing quite well is Johnson and Johnson guys so if we zoom out to the four-hour chart we filled the gap that we've been talking about over the past couple of weeks here from 135 up to 140 now we're at a new level of resistance at 140 that if we break this level of resistance there's potential up to 142 bucks and you know that I love trading these large caps guys I love trading stocks that have momentum to the upside and that are large caps at the end of the day I swing trade a lot of these types of companies and this one clearly has upside potential here and if we break 140 up to 142 that's around a 2% profit potential for Johnson and Johnson I'm loving it guys another one I'm watching here is Roku ticker symbol R-O-K-U we pulled down like we mentioned in yesterday's video we held that higher low on the 180 SMA here on the four-hour chart we bounced above 140 bucks we bounced above that EMA this is looking quite bullish in my opinion if we get that pulled down tomorrow morning maybe we hold that EMA or maybe we gap up above that 50 SMA these are two scenarios that I'm looking to happen to see if they do happen before I enter into this position so ideally 148 bucks would be a nice entry point or anything above 155 156 if we break that 50 SMA so I'm interested in Roku I love the way this one is panning out as well and this is a similar stock to Shopify right very very hot it's literally gone up five fold almost maybe not five fold probably like three four fold at this point and every pullback it sees it seems like it rallies higher each time so each time it pulls down I think it's worth watching ticker symbol R-O-K-U the last one I want to talk about today is Nvidia ticker symbol NVDA this is another one like pretty much the other ones that we've talked about that have all pulled it down recently and this is mostly because the markets in general like we saw in the beginning of the video they've pulled down over the past two to three days bringing down these individual stocks as well so right off the bat we can see here Nvidia is holding or rather it held that 180 SMA support on the four-hour chart at a higher low if we're looking at a broader perspective here right you know if we just pull up this trend line you guys can see and we broke above the EMA but we got rejected by that 50 SMA so entry point for me guys probably will be a break above 212 maybe 210 honestly if we break this level here that could be an entry maybe if you want to put a little bit before the 50 SMA break a little bit after but ideally I want to have an average cost on Nvidia maybe around 212 213 bucks and from there let's say we swing it up to 220 as you can see guys that's about a 3 to 4% potential here on Nvidia which who's complaining about that let's be honest 3-4% on a swing trade I'm not complaining guys and I'm sure none of you guys would complain if you did end up making that on a swing so that's pretty much it for this video if you enjoyed it simply go down below and hit that like button for me that's all you have to do to repay me I really really appreciate it and also if you want to subscribe that's also a way you can repay me and if you want to see further content hit that subscribe button and that notification bell and drop a comment and let me know what your thoughts are on this video stocks are watching your approach to the markets right now let me know and again discord chats down below Facebook's down below Twitter Instagram the strife smart merches down below all of the good stuff is down below go there check it out and also I uploaded a video earlier today talking about my strategy into 2020 in terms of investing in the stock market and how you can build a beast portfolio in 2020 and kind of some risk factors that are going to be in 2020 that may cause some volatile times so go to that video I'll catch you there it's right here on the screen click it click it I'll see you there peace out