 What is 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 did today in the markets as well as some stocks and ETFs that I'm watching and looking to trade right now in the middle of November in 2019 and as you guys read in the title yes we're also going to be breaking down the natural gas report talking about some of those numbers as well as you guys and D gas and one stock in particular that I've been buying pretty heavily here over the past couple of trading days and honestly over the past couple of weeks so sit back relax all I ask from you is if you enjoy the video hit that like button consider subscribing if you do want to see further content for me and if you want to be further connected with the StrafSmart community the discord chats down below the Facebook group the Instagram Twitter all that good stuff and the merch is linked down below so without further ado guys let's just get right into it with about 16 minutes left in the market today the S&P is up $2.76 to 65 now up about 0.09 percent so overall today's kind of been a choppy day right on the daily chart you can see you know we tested 3095 which was the resistance from yesterday we failed to break out you know we sold off all the way down to about 3083 which kind of was a support yesterday which is a good sign that we held it that was positive you know now we're testing again that 3095 level with about 1015 minutes left in the market and I think guys you know and it seems like it's already doing this but I think if we push up into the close that's going to be a very bullish close and let me explain why and you'll be able to see for yourselves if we go to that 30 day or at not the 30 day 30 minute chart the 10 day 30 minute chart so you can see you know the S&P has been trading in the channel of again 3083 to about 3095 so around a 1215 point window over the past couple of days and I think you know if we get that pop that's going to be the technical break that we need to see before we a test you know the old all-time high at 3100 and be potentially get to a new all-time high if we break that level so this is looking bullish in my opinion you know the S&P obviously the markets in general they've been running up so heavily over the past couple of weeks so the fact that we've been kind of consolidating over the past couple of days that makes sense right so I'm watching for that breakout if we don't get that breakout you know maybe we pull down and retest 3085 and ultimately break that if that happens you know we may see a further correction here in the S&P we may be going down a 3075 putting us on that 180 S&A here on the 30 minute chart you know in the hourly chart you can see again you know 3070 is a strong level maybe even down to about 3045 that's possible which would put us on the 180 S&A here on the hourly chart those are a couple of things that you know I'm keeping in my mind if we do get that sell-off but again as of now especially if we close up bullish here in the next couple of minutes I see more upside in the S&P so the Dow Jones industrial average here guys down about $6.29 right now down about 0.02% nothing really crazy not much movement whatsoever in terms of the Dow and if we break it down on the 10-day chart you can see it's kind of in a similar scenario although it's not in a horizontal channel like the S&P it's at a resistance nonetheless right it's at a resistance at about 27800 you know even though it's not in a horizontal pattern so I want to see a similar price move in the Dow Jones right I kind of want to see it break out of of that all-time high and ultimately get to a new high and really just continue the uptrend that's ideal right now for the bulls you know of course holding that 50 S&A on this 30 minute chart is ideal as well if we go to that hour chart holding this 50 S&A is crucial as well so these are just a couple of levels that I'm watching right if we pop all-time high that's all gravy right but if we see a further correction we break that 50 S&A especially here on the hourly chart to the downside we may be seeing a further sell-off you know some levels and I'm watching like I mentioned in yesterday's video 27500 is huge right this was a support we held on the 11th of November you know we actually topped off there as a resistance on the 5th of November before breaking out of it so that's also that that's also a reason why it's a major support so yeah 27500 27350 400 you know that's just a general area if we were to see a pull down that the Dow Jones could potentially get to so the NASDAQ guys nothing much at all down literally not even down it's up now a dollar on the day a dollar a nice dollar now 50 cents up 0.01% so not much movement at all you know it's clearly on an uptrend riding the moving averages you know we actually pulled down I believe this was today and we actually held the 180 S&A on this hourly chart which is a very good sign we also held you know 80 to 20 80 to 30 which was a support level from this pull down which was yesterday which is another really good sign so you know in the time being I think the NASDAQ is still looking bullish it's just simply kind of wiggling out right now you know tying up you're going to see periods of a couple of days maybe even a day where the markets kind of cool off chill out before either pulling down or running up and that's kind of what I'm seeing here across all of the major markets you know the S&P the Dow and the NASDAQ that I track on this channel so overall guys you know that's kind of what I'm looking at right now in terms of the markets let me know down below in the comments what are your thoughts I would love to know just like always guys we are a community so share your ideas down below so I can get your opinions and then we can interact down there in that comment section so let's talk about you know what I did today very quickly in terms of my trading and what what the natural gas report was looking like let's break that down so what I did guys you know in the title you guys saw I bought a stock well I bought more PayPal today guys ticker symbol PYPL and this is a stock that you know I've been eyeing up as a swing trade for a while now right ever since not really a long time but ever since about 99 bucks before their earnings report I've been looking to get into this stock right because I saw how 99 a hundred bucks was a very strong level of support and I was looking for a positive earnings report to be that catalyst that gets us above these moving averages that have been resistances over the past couple of months right and initially you know we did get that nice pop that nice break out of the moving averages on a very strong earnings report from PayPal I forget the numbers off the top of my head but they beat on EPS and they beat on revenue I'm pretty positive right so we got that spike up from 94 you know up to about 108 and to make a long story short you know they failed holding the moving averages as a support and ultimately dumped below the moving averages again but the positive thing is we didn't full on continue the downtrend by pushing to a lower low at this case or at that at that point you know if we were to push to 90 that would have been the continuation of the downtrend right the positive thing is we held a hundred bucks which again we double bottomed out a couple of weeks ago we held that before the earnings report the fact that we're holding that here again that's a good sign right so that's a good sign you know and now we're breaking above the moving averages the 180 the 50 SMA and we're kind of forming a pattern that's indicating that's really kind of showing what this trend line kind of arrow is showing here right that's kind of what we're doing we're breaking out of the moving averages and if we zoom in a bit even closer on this hourly chart you can see it as well right the pull down 108 down to about a hundred you can see how strong that support is a couple of days of consolidation there and now we're finally starting to break up we're breaking above that 180 SMA we hit a higher high today ultimately I'd love to see a bullish cross the 50 SMA crossing above the 180 SMA here on the hourly chart that is one out of probably add even more money at that point you know we may be even going up to the 105 106 levels and that's kind of where I'm looking to add even more money so I kind of was already in PayPal a couple of days ago but today I bought more into it right I've been buying in I've been scaling in and I'm looking to swing trade this one first ideal target sell would be 110 bucks I'd scale out more profits at 115 and ultimately exit the whole position 117 would be ideal maybe if we if we ran up to 120 obviously that's where I'd look to just be completely out because at that point you know the swings going to be up into the 10 15 20 percent level which is incredible in my personal opinion so PayPal right now it's on the verge of breaking out you know we got that initial catalyst that spiked us up to kind of push the momentum up we got the pull down which opened up that margin of profit and ever since then I've been waiting for this ramp up and now I'm just really buying heavily as the technicals are looking good so PayPal I'm in that one guys and that's pretty much all I ended up doing today in my trading you guys know I'm in a bunch of swings right now PayPal's one McDonald's Chipotle I'm in Facebook as well I'm trying to think some of the other ones now I'm forgetting but there's definitely four or five stocks right now that I'm swing trading yesterday I day traded Disney which wasn't a really good trade for me you know I caught that move I had a limit order at 140 sold that like 143 so it's been good over the past couple of days you know in terms of my trading so now let's transition into natural gas we'll talk about you guys D gas will do a breakdown technical analysis and we'll just talk about some notes that I have here on my phone regarding the natural gas report so let's hop here on my Safari tab and for those of you guys that don't know this is where you can see the natural gas report every Thursday 10 30 a.m. Eastern Standard Time right pretty much it's this link I R. E. I. A. dot gov or you can simply just go to Google dot com Google right and just Google natural gas report and it should be one of the top links that do pop up there so today on the week that ended on the 8th of November right because remember these reports they're kind of a week behind so in a week when we get the next report it's going to be the week that ended today so pretty much you know the 14th are from the 8th to the 14th in terms of natural gas storage that's the report that we're going to get next week right so it's kind of one week behind so the week that ended on the 8th of November we can see here you know all the different regions of the U. S. so the East in terms of net change of natural gas and it's measured in billion cubic feet also known as BCF zero net change week over week at 932 932 BCF for the East in the Midwest we actually got a withdrawal of three BCF which is good for the bulls right that's what the bulls want to see now for you guys to go up they want to see withdrawals of natural gas so that's good the mountain no no change there net change week over week is zero at 207 billion cubic feet Pacific we also got a withdrawal of two BCF here from 292 last week to 290 this week South Central we actually got an injection of natural gas which is what the D gas holders want to see of eight BCF which pushed us from you know 1189 BCF from the the previous week up to 1197 you know the week ending the 8th of November salt non-salt this was a 10 10 10 BCF injection here for salt or yeah for salt to BCF withdrawal for non-salt and you can see the numbers regarding that and overall guys you know week over week in terms of all of these added up we got an injection of three billion cubic feet of natural gas right so from 3729 last week 3729 we raised to 3732 in terms of billion cubic feet so this just just basing you know off this that is in my opinion why you know you guys ended up seeing a dump right after the report right because for you guys to go up what many people want to see is withdrawals of natural gas so if this number here was let's say negative 10 or something right that would have been extremely bullish for you guys and at that point I think it could have potentially flown up to 16 16 50 you know 17 and even higher but again the initial reaction was that dump at 1030 because again that is a bearish report based on those brief numbers that we saw so taking a look at some notes that I have here the three BCF build recorded for this week like I mentioned was on the higher side of the consensus as expectations had ranged from a single digit withdrawal to a single digit injection so the estimates were between a 9 BCF withdrawal and a 9 BCF injection so what would that look like you know based on what the estimates were it was pretty much between negative 9 for this number here the net change and positive 9 that's kind of what that means and another note that I have here which kind of is a good sign I guess you can say you know for the bulls out there a negative 3 or rather a 3 BCF is bullish against the historical comparisons as last year EIA recorded a 42 BCF injection for the period and the five-year average is a 30 BCF build which were obviously much lower than that right now we literally had a 3 BCF build and based on those history numbers historical numbers rather we're a lot a lot lower so that is where you kind of find that information you know in terms of the natural gas report you know based on all the different regions and those are the numbers that heavily fluctuate what you guys and D gas do again you know let's say for example this number were to be you know 1015 let's say we had a ridiculous injection this week you know you guys would be dumping through the floor D gas would be flying up but let's say we had a massive withdrawal let's say that number was negative 10 negative 15 whatever that would have been great for you guys so moving forward here kind of you know what am I looking for you know a lot of analysts and a lot of people have been expecting a withdrawal of natural gas in these next coming weeks so you know we saw the low the the the consensus was between negative 9 and 9 so kind of what I'm looking for here in terms of BCF what I'm looking for here moving forward is when are we going to get that withdrawal because once we start to get that withdrawal you know there's net those negative numbers on the report that is going to be what's going to drive you guys up right and at the end of the day you know when demand kicks in that should happen and that's going to squeeze the price of natural gas so that's kind of what I'm waiting for at this point waiting patiently so you know today you guys didn't really do much you know at the end of the day down 60 points we saw how choppy it was on the daily on the daily chart and again that's due to the report but ultimately we're still down trending we're still trending below the moving averages here the 50 SMA cross below the 180 SMA which is bearish so you know until we start to ride back up into the you know 16s 17s I'm not looking to touch you guys and at this point again the report either next Thursday the following Thursday eventually we're going to get a withdrawal and I think that's going to pop up you guys here and on the flip side you know D gas if we look at the price action you know it's actually breaking out right on the hourly chart we're breaking above moving averages so this is looking more bullish than you guys at this point so that's kind of how we have to play it until things turn around right natural gas right now which is what you guys and degas trade based upon this is pretty much stuck between you know 260 and 270 we tried breaking 270 today which would have been extremely bullish we failed doing so so again we're just simply in this horizontal pattern you know and really the side that we pick in terms of direction either up or down it's really going to pick in my opinion the longer term trajectory for natural gas let's say for example we end up breaking out here and ultimately breaking above you know 270 272 maybe even back up to 275 that's obviously going to be bullish right but let's say we fall down and ultimately break 260 which is going to be ugly right in terms of you guys holders and the bulls out there you know that obviously would be a bearish move degas would be the play from there so that's kind of the natural gas report breakdown numbers to look at kind of how things work and the analysis of what you guys and degas looked like today based on that report and really every week guys it's it's it's a volatile time every thursday rather at 10 30 am it's volatile to trade these because you saw it right you know it goes up down up down after the report and it's kind of difficult to you know hop into it but you know last week if you guys remember I actually timed the trade perfectly and I did really well on the report but this week I actually didn't do anything just simply on the sidelines watching and just analyzing you know the action so let me know down below in the comments what are your thoughts about that and let's just hop quickly rapid fire guys into some stocks that I'm watching now you know besides good old paypal and you guys and degas so qualcomm is one that I'm seeing is looking attractive right now on this dip right they had an incredible earnings report a couple of days ago they reported 78 cents of eps which beat the 71 cents expected their revenue was at 4.81 billion which topped the 4.72 billion expectations so they crushed earnings guys the stock clearly indicates that right investors traders you know that this thing went bananas after hours right it went from 84 all the way up to 94 in a matter of two three days now we're cooling off down to about 90 bucks and this could potentially be a higher low right take a look at the pattern first and foremost of qualcomm here guys right you know every time it seems like over the past couple of weeks that we've pushed to a high we've consolidated a bit we've cooled off for a couple of days afterwards before touching this 50 SMA and exploding upwards from there right I can literally count multiple instances we've done that we hit the high here 82 bucks we cooled off for three days rallied again we hit a high cooled off for two days rallied again now it's been two three even I think it's been close to four days of cooling off here so I'm ready for this next rally in qualcomm and honestly guys I think we'll get it I'm pretty confident we'll get it because again that earnings report very very good analysts believe it or not are increasing their price targets on qualcomm I saw one that was up into the 110s 112 so analysts love the stock right now seems like wall streets behind it for the most part on top of that solid earnings report I think this is a buy if we dip tomorrow into the 89s 88s that would be even more enticing in my opinion but I'm just watching it very closely anywhere between 88 90 91 bucks even I think is a good level for qualcomm so another one is going to be Disney guys I actually traded this one again like I mentioned yesterday and Disney ran up to an all-time high today at $150 and 63 cents and now it's now you know the stock's at levels that it hasn't been at ever since you know the end of July pretty much right we hit a peak at 146 in July sold off you know anybody that bought here that ended up being a beautiful dip buy as obviously we can see the stock has soared from there ever since the 10 million announcement yesterday on terms of the Disney plus signups in the first day as well as that really good earnings report but anyway you know we broke 147 again and it seems like now we're pulling down to hold that old all-time high as a new support so this ultimately could be a dip buy you know for Disney especially heading into tomorrow if we hold 146 147 that is absolutely crucial so from this level up to 150 believe it or not guys that's a 2.56% potential for profit which I think is totally possible again if we hold that 146 level so I'm watching Disney here you know on the momentum this is kind of like qualcomm right both really good right now they're hot momentums in their favor you know the earnings are in their favor all that good stuff so I see a lot of potential in Disney right now another one is going to be at v guys and we'll end the video off with this one ticker symbol ATVI this is Activision Blizzard guys this is also one that I do I have it in my swing count I'm forgetting right now off top my head but I think you know this is one that I might be adding to my swing count or adding more because I do actually think I have a small position in at v already but either way I see a lot of potential in this one as it's trading in that horizontal pattern right we're clearly trading between 52 and 57 right now we held the 52 level strong over the past couple of trading days heading into today as this did end up closing up green today and honestly beating the market's performance up about 0.7% this is a really good sign right if we go to the hourly chart we can see again the definitive bottom at around 51 50 52 bucks we're breaking out of that 50 SMA now I want to see the slow gap up to about that 180 SMA here on the hourly chart and ultimately a break out of there to sell off at about 55 90 56 bucks maybe even 57 bucks so ATVI right now guys you know they reported good earnings in terms of EPS and revenue they actually beat those numbers a lot but the guidance wasn't that great and the guidance is what dragged down that stock after their earnings despite their earnings beating estimates which is always a good thing right you want your stocks to beat earnings estimates that that's a good sign but again the earnings you know the guidance wasn't that great stock dumped but we're seeing some buying action right now you know some buying power pushing the stock up so I think it's worth watching here especially if it holds this level and continues to climb into the 53s 54s etc so that's pretty much 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 for me and if you want to join our StrifeSmart Discord group chat 100% free community as well as the Facebook group those are linked down below as well as the StrifeSmart merch my personal Instagram Twitter all the good stuff down below so I'll catch you all in the next video thanks again for watching as always peace out