 What's going on everybody is Stas here welcome back to another video So in today's video I wanted to talk about a couple of stocks and ETFs that I'm personally watching right now and looking to trade Heading into the month of September in 2019 I also wanted to break down the stock market futures this morning on the 28th of August Taking a look at where we could potentially be headed today and maybe for the rest of this week Breaking down some technicals as well as just going over my watch list here talking to you guys about Just my thoughts on the market and what I'm preparing for in these next couple of days So if you guys find value in this video feel free to go down below and hit that like button Consider subscribing if you want to see further content for me trading content stock market content investing content This is the channel for you. So guys, let's get right into it right now the slash ES the e-mini S&P 500 index futures They are currently down about four dollars and twenty five cents as you guys can see right here down about point one five percent with about 40 to 45 minutes left to the market open here the Nasdaq futures are down 19 points down a bit more on a percentage basis than the S&P 500 down about point two five percent But nonetheless not too crazy of a down move here just simply You know treading down a bit this morning on the two main ones that we track and the Dow Jones, of course down 49 points right now down point one nine Percent so as of now guys you can kind of see something similar on all of the three Indexes that we talk about the Dow the Nasdaq the S&P take a look at all of these on the four-hour chart You can kind of see a similarity here. We're kind of getting rejected Undermoving average resistances on the four-hour chart notice how the ES the e-mini S&P 500 futures They're getting hit under the 50 SMA here. We're noticing how we popped up was that yesterday. Yep We popped up 9 a.m. Yesterday guy rejected there sold off right we tried to pop up and now we're starting to sell off again under this You know 50 SMA this could be Honestly the start of a potential drop to a lower low here on the ES right on the S&P 500 and that makes sense because if we're just taking a look at the overall pattern since the beginning of August Ever since we hit that all-time high We've been making lower highs on the S&P notice how the next high was at about 29 40 now This high is at about 28 90 so if we were to dump and especially get down into the low 2800s and if we go to the actual S&P index you'll be able to see this in this even better You know if we dump and get below 2850 and start to test 2810 which is the next support we may be getting lower even into the 2700s which will open up a lot of opportunities and some stocks out there that when the markets fall, right? These stocks they open up value for maybe long-term investors to hop in and Capitalize on that that potential investment there, right? That's kind of what I'm thinking in this particular point in time And of course maybe even some swing trades might open up as the markets can continue if they continue to drop If we go back to the Nasdaq again, you're seeing a lot of the similar things that you saw on the S&P We're getting rejected under that 50 simple moving average We're looking to maybe go down a 7450 test that support where we saw a triple bottom a couple of weeks ago Honestly the whole entire month of August we bottomed off there or bottomed out there rather once twice Three times that was actually two days ago when we tested that again and now we popped up We didn't fully pop and break out and break out of the moving averages which would have been extremely bullish But we got rejected. We're getting rejected now And we're slowly starting to turn even more red as we speak the S&P or rather than as that right now Is actually pushing down even lower from when I started this video. It's at about minus point three right now So keep an eye on that 7450 level. That's a critical support We may be retesting that if we break that we may be going down to 7300 so going over here to the Dow Jones industrial average guys you can see again a lot of the similar stuff We didn't break out of the moving averages, which would have been very bullish But we got rejected by those moving averages, which is a bit bearish right now this could be a lower high from the previous and Honestly, this is a downtrending pattern right now, you know overall in the Dow Jones right here And if we break I would say about twenty five thousand four hundred to about twenty five thousand five hundred If we break that level of support do something like that. We may be headed down to twenty four thousand Seven hundred that's a very critical support level as well And if we go to the Dow, you can actually see it Rather the Dow index that actually have the lines drawn across not the futures But the actual index you guys can see exactly what I'm talking about right twenty five five hundred if we break that We may be going down to twenty four thousand seven hundred dollars So overall guys, that's kind of my thoughts on the markets right now moving averages Technicals, they're seeming a bit bearish right now on the major indexes So just keep an eye on those levels I would love to know what you guys have to think down below in the comments section on the markets right now Let me know your thoughts you all know at this point that I love talking you guys down below in those comments So a couple of stocks that I'm watching and this is one that I actually swing traded from a couple of I think it Was like last week or something. I haven't really updated you guys on this but at V I don't know if you remember But I took a swing position on at V when it broke above this level of resistance at around 48 dollars I think I got in at about 48 30 or something like that if I'm remembering correctly here and the whole idea behind this swing trade Was to see if at V was going to fill the gap up to $51.50 to about $51 and 70 cents and if I drag this chart out a bit to a year You can see that this range has been traded within Over the past couple of honestly months at this point. We broke 48 dollars to the downside We held support at around 40 dollars We filled the gap up to 48 dollars and 48 was clearly a resistance for the past couple of months So I was thinking to myself, okay every time that at the pretty much every time at these broken out of 48 It's filled up to 51 dollars. Notice how in the past we broke 48. We filled up to 51 52 We broke 48. We filled up to 52 here. We broke it. We failed We dumped ended up testing that same support at around 40 dollars popped up failed to break out We actually broke out in the beginning of August on from 48 dollars up to around 50 to 51 dollars And then we pulled back down and when we retested that resistance a couple of last week or the week before Yeah, I'm pretty sure it was last week when I did get into the position and we started to pop out I took a little position. I scaled into my position as I do with a lot of my swing trades And you guys can clearly see From the performance of at the on a closer term basis ever since I ended up getting in it fiddled a little bit It did go down I was you know sitting on a bit of a red trade there to be completely honest with you guys But then it ended up popping up filling the gap So, you know at these looking very very good right now. I did end up taking my profits Yesterday on this particular stock, but now I'm just thinking about Watching it obviously to see if it breaks out of the next resistance Which in this point in time is at around 52 Dollars and if it breaks 52 dollars, let me pull out a bit further again on you guys here on the one year one day $52 there's a lot of room up here for at V to fill because if you guys recall at V A lot of the video game stocks have been getting crushed So this is a good sign that we do want to level up to the next level of resistance and Potentially continue to climb up and maybe recover You know all you know recover a bit because again, we've been getting crushed on at the stock So, you know what I'm looking at here guys probably is 55 dollars, right? We're noticing 55 dollars might be that next level and that's really just the spot I'm looking at if we do end up holding 51 to 52 as a new support So patience is very key here at V watching that one very very closely Starbucks has kind of been fiddling with this 95 dollar level 96 dollar level of support I want to see a break out into 96 97 ish And maybe we could fill the gap up to 99 dollars from there maybe even hit an all-time high at $100 that's kind of what I'm waiting for right now With Starbucks you guys can clearly see the resistance at 96 50 ish, right? You guys can clearly see that if we do something like this we could fill up maybe get a three four percent move there on Starbucks a couple more than I am watching Chipotle Mexican grill this one I'm really honestly looking for a pullback on it Maybe a pull-down retest on that 50 SMA that could open up a nice entry point here on CMG and honestly guys Chipotle has been doing very well Recently despite the markets getting killed over the past couple of weeks It's pretty impressive the way Chipotle has been able to just continue to crush it here You know over these past couple of weeks and another one guys Altria ticker symbol m. Oh, let me give you a quick history lesson Altria. They were actually Combined with Philip Morris international back in 2008 those two tobacco companies. They were actually together They were actually one company and then they ended up splitting off in 2008 Altria is you is is a US based company right and Philip Morris International They obviously handle all of the international In terms of what they do with their tobacco and their cigarette brands, right? And now we got news yesterday rumor Um that they might merge together guys They might merge back together which in my opinion would be an awesome awesome move here And why am I mentioning this because if this merger does end up happening if we get more news Surrounding the merger Altria stock can go crazy because we saw yesterday how Altria when this news came out it popped up all the way to $52 that's about a nine percent move in the matter Of like 30 minutes here in pre-market when we got that news But then we obviously saw it dumped all the way back down to about $44 per share, but nonetheless, I think it's worth watching especially with the way it reacted to that initial news I think there's a lot of potential here You know if that news if they actually merge and there's a premium for Altria shares You know this is going to be very very interesting to see you know where this could end up going Right we may be back up to the $50 level $55 level even I saw an article saying there's a premium for Altria shares If they merge at $60, I don't know if that's true Honestly guys, there's a bunch of stuff out there, but we haven't gotten a confirmation yet From my research from Altria and PMI about any you know Premium stuff or anything like that regarding to the merger, but just keeping on it. It's very very important You know just to see if this can be a nice move for you, right? This could definitely be a good move so That's pretty much it for the video guys. I don't want to keep you guys too long Those are just a couple of stocks that I'm watching of course the market ETFs Volatility ETFs if we do end up getting you know some volatility in the markets today in the upcoming days I'm watching those and of course tech stocks maybe Facebook Apple You know Amazon for a bounce back play if the markets do decide to go green today These are ones that I am watching so I hope you guys enjoyed the video If you did feel free to go down below hit that like button consider subscribing if you want to see further content for me I appreciate all of you guys watching it means a lot to me. Peace out