 What's going on everybody, Astos here. Welcome back to another video. So in today's 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 on the 22nd of July in 2019 in terms of my trades, as well as taking a look at some other stocks and ETFs that I've written right here on this piece of paper that I'm personally watching and looking to trade here into the month, really ending off this month and heading into the month of August in 2019. So if you enjoyed this video, feel free to go down below and hit that like button. I really do appreciate that and consider subscribing if you do enjoy this content and you do want to see further content from me. So with that further ado guys, let's talk about what ended up happening here. The market closed 18 minutes ago and the S&P 500, the 500 largest publicly traded US companies ended up closing up $8.42 today up 0.28%. The Dow Jones industrial average up $17 today, not too great of a move on a percentage basis here up only 0.07%. But nonetheless, it was a green day here in the Dow Jones. And if we take a look at the Nasdaq guys, the Nasdaq did pretty, pretty well today. Honestly, it did extremely well today compared to the S&P and the Dow Jones. And that's mostly credited to tech doing quite well today. You can see Apple's up $4.63. I believe Apple was upgraded today. We were talking about that or rather somebody mentioned that in our Discord group chat today. I forget what bank upgraded Apple, but if you know, drop a comment down below. You guys can see Amazon $21, Facebook's up $4, Google's up $8 today, Microsoft's up almost $2. So that had an effect on obviously the Nasdaq index here and you guys can see again up 1% up $83.75. So now that we got the closing prices of these indexes and how they did today on a brief basis, let's hop in a bit further. Let's take a look at some technicals here on the S&P then we'll go to the Dow and then we'll go to the Nasdaq. So all in all, guys, you can see here and you'll probably be able to see it a bit better if I go to the 90-day two-hour chart. You can see $29.75 and I've been talking about this level a lot on the S&P. This is a level of very strong support here. And we actually retested this level today a bit earlier and we successfully held above it, which is a very good sign in my opinion, although we are downtrending still, but we'll get into that in a couple of seconds here. But the $29.75, that was a support from a couple of days ago more towards the beginning of July and we retested it once we hit that level and pushed up to $3,000, which was an all-time high. And you can see we also tested it on the 18th of July. We held above it. We started to pop up and if we go to the 20-day one hour, you can see it a bit better. We started to pop up. We didn't break out to hit another all-time high. We actually got hit at a lower high, which is why I'm saying that we're still downtrending right now in terms of the previous 5, 10 days at this point. And the good thing is though we hit that $29.75 and we held above it, but one concerning thing here, guys, is we did close the market today a bit weak and you can see we're still at a lower high. We're still trending under that 50 SMA, which we got rejected at a couple of days ago. And in my opinion, tomorrow and watch the futures, guys, this is very important. Tomorrow, if the futures are showing us gapping down and breaking below $29.75, that's going to be the lower low. And at that point, that's just going to be the continuation of the downtrend, right? Because at this point, $29.75 is in the path and the 180 SMA is in the path of the S&P. We need to break those levels before fully continuing the downtrend on a technical basis. And it will look something like this if I show you guys on the trend line, right? It'll look something like that. So right now, that's what I'm watching. If we break that 50 SMA, that's going to be a breakout to the upside, of course. And I guess you can say the head and shoulder pattern is still intact now, right? Left shoulder, head, right shoulder, if it breaks out, that's really just erasing that pattern completely. But if we do end up dumping here, doing this as I just drew from this trend line, that could be the completion of the head and shoulder pattern, because at that point, we'll be selling off. And it'll look very similar to what we experienced a couple months ago during this pattern formation here, which was kind of the same pattern, but spread out on a longer term basis, right? You can see the left shoulder, head, right shoulder, and then we dumped, that can be forming right now. Left shoulder, head, right shoulder, and we might be dumping here, that would be the completion, right? So that's the S&P 500, what I'm looking at right now. The Dow Jones is in a very similar situation on the 20-day one hour. You guys can see we're still down trending from that peak, that all-time high at about 27,400. We hit a high, lower high, and now we're still trending at a lower high from the previous under that 50 SMA as well, that 50 SMA, this green line you're seeing acting as a resistance. And you can actually pinpoint a pretty clear support right now on the Dow that we held above on the 18th at about 27,100 on the 18th of July. And again, today at about 27,100, we retested and bounced right on that level. This is the one day, one minute, you guys can see exactly what I'm talking about, right? We gap down, we started to downtrend, we hit that support, we popped, we broke out of moving average resistances, and we really just completely changed the trend for the rest of the day after holding that support. So let's go back to that 20-day one hour. Honestly guys, very similar to the S&P for the Dow to continue this downtrend, we need to break the support and push for that lower low, right? We need to break that and maybe go down to this 180 SMA support and test that. But let's say we gap up here, we break above the 50 SMA, we break above this little resistance indicated by the trend line, that's a breakout, that's bullish. We might be seeing all-time highs again after that. So let's go to the NASDAQ guys. Again, this one did extremely well today. But despite that, it's still downtrending, believe it or not. The crazy thing is it is still downtrending because I believe last week we closed the week on a Friday. Correct me if I'm wrong here guys, but this past Friday, I think the NASDAQ dumped so heavily and I think I'm right. You can see it here, 79.55, we dumped all the way to about 78. Yeah, I think I'm right. I think we were down like 120 points. We were down like 1.5%, something crazy like that. So that could be why the NASDAQ rebounded so heavily today because it got to an extremely oversold point last week towards the end of last week. So that could be another reason and again, tech bounced and that kind of makes sense right there on a technical and more of a fundamental basis. But anyway, it's still trending below this trend line that I just drew out and it's still technically at a lower high from the previous and we're trending under the 180 SMA resistance. It's a good sign though that we broke out of the 50 SMA resistance, but now we need to break out of the 180 SMA and at that point, if we break the 180 SMA, we'll be breaking that lower high pattern here and we'll be breaking that trend line resistance and that could be a breakout that might honestly end up resulting in all time highs for the NQ again. But let's say we don't break out, let's say we get rejected by the 180 SMA, we start to dump, we start to break this trend of the uptrend that I have drawn out here, which we already kind of did break it. But if I do redraw it, let me just redraw it very quickly. You know, you guys can kind of see, based on what I just drew there, you know, sometimes you have to shift the trend lines when the pattern breaks. So I guess technically, we're still on an uptrend now, we're kind of in a wedge in a sense, right? We're making lower highs and then higher lows at the same time. So this is going to be interesting, right? If we get rejected here, and we start to push down, and we break into 78, low 78s, maybe 7700, that's the break of the Nasdaq that's going to be bearish, right? We'll be breaking the support of the wedge. We might be going down from there, but again, I already said if we pop out, that would be a breakout move. So that's really it right now for the overall markets, guys. Again, the Nasdaq really bounced back today because tech did well. And honestly, it got a bit oversold from this performance, from its performance this last week. The Dow kind of stagnant, not much movement today. The S&P, not much really either, but still, they're all down trending. They're still under those moving average trend lines. And honestly, just the moving average, not really the moving average, but the overall trend over the past couple of days, it's still pointing down in my opinion. So let me know down below in the comments section, what do you guys think about the stock market right now? Are we going up? Are we going down? What are the critical levels that you are watching? I would love to know. And as you know, I love interacting with you guys, so don't be shy to drop a comment down there. So what did I personally do today in terms of my trading, guys? It was kind of a slow day for me to be completely honest with you all. You guys did well today. I didn't pull the trigger on you guys, although it would have been a very good move if I were to pull the trigger because it was pretty much uptrending all day. We started to get a reversal trend midway Friday, right? You guys can see we started to break out of the 1 EDS May 50 SMA. We started to hold those as supports into the close and we actually gapped up this morning, which was a very good sign that it was going to continue that movement. Even all these signs were pointing to a potential trade. I didn't take the position today, guys. I didn't take the position to be completely honest with you all. Kind of missed out there on you guys, but if you guys watched my previous video that I uploaded today on three stocks that I'm looking to swing trade right now, I talked about three different stocks and I actually took one position in one of those stocks. And we'll talk about that one right now. And if you guys didn't catch that video, link down below. Check it out. You'll find a ton of value in it. These are three stocks that I'm looking to swing trade really for the rest of this month and heading into August. So one of those stocks, guys, was FDX. And that is FedEx Corporation, guys. And FedEx today did very well in my personal opinion. If you guys can see, you know, what it did today was we really gapped up and continued this little uptrend that we've been on these past three days, right? You guys can see what I'm talking about. We can see we hit 172, dumped the 163, moving averages were resistance levels. And ever since the 18th into the 19th, we gapped up out of those moving average resistances and we started to hold them as supports. And we really started to form this trend that I've illustrated right here. And then when I saw the gap up today, especially to that higher high, and above 170, which is actually a support from a couple months ago, and it's a very strong support and a new level that I want to see FedEx hold, you know, once I saw that break, the pullback, the hold at a higher low from the previous, honestly, holding old resistances as new supports and really just holding the trend, that is where I decided to, it was a bit early, right? It was a bit early, but I did end up building a position as we started to break above 16950. And let me explain to you guys why it might be a bit early and a bit more of a technical breakdown on FedEx here. So FedEx, you guys can clearly see 170 is a breakout spot. We've been there, we've been hit three different times at that resistance back in, you know, June and in this month in July, right, in 2019. And I'm thinking if we break, you know, 170, and we hold that as a new support, and we fill up to 185, rather if we break it and we hold it, we really could fill up to 185, right? This can really break out and do extremely well from that particular point. And why I'm saying I kind of got in a bit early, I kind of jumped the gun is because we didn't really fully confirm, although we did hold above this old resistance as a new support, we didn't fully confirm the bounce quite yet, right? We didn't fully confirm the bounce. And this is a very big thing here. But, you know, what I personally did to combat combat an early entry is I scaled into my position because I'm viewing this as a swing trade, right? So let's say my goal is $10,000, I'm scaling in with 10, 15, 20% of that goal position. And in this case, I scaled in with about 15 to 20%. So although it is a bit early, right, I'm in with a smaller portion of money. This is how I preserve my capital, right? So if it didn't go my way, let's say tomorrow we gap down, we open up at 167 or whatever, 166. And I want to cut my losses. If I'm in with 10, 15% of my position, even 20% of my position, I'm not losing as much money, right? As if I would have jumped in with $10,000, and that loss would be much more, right? That's what I'm trying to say here. So let's say $10,000, 2% loss is $200. But if I'm in with $2,000, a 2% loss is $40, right? This is a way to preserve your capital. And capital is extremely important to keep when you're trading, right? Because if your losses are out of control, you're just tossing your whole account in a stock, you know, and it goes sour, you can quit like that, guys, it'll demotivate you, it'll crush your confidence, and it'll crush your account. And honestly, you know, that could lead to your fail, to be honest, in trading, right? So that is really important in my eyes. And at this point, I'm in, you know, at, let me see, I got in on the pullback here, right? I'm in at about, I believe like 168.90 or something like that. And I plan on adding more money. If we pop back into the 172s at this point, if we break this high, 171 tomorrow. And one positive thing here about FedEx is we did end up closing above that level, that new support at around 169.50, 170-ish, right, that general area, we did close above it, which is good. But now, again, I want to see the continuation before I do add money. So FedEx, again, it's one of the three out of that previous video that I uploaded. If you want to see that video, it is linked down below. It's the pinned comment. Go check that out. So that is what I did in terms of trading today, guys. Honestly, not much day trading. I almost pulled the trigger on you guys, kind of wussed out a bit. I'll be completely honest with you all, didn't pull the trigger, but I did pull the trigger on FedEx here. And I plan on holding this one. If all goes well for a month, month and a half, I think I should be able to fill the gap up to 185. And of course, if I'm wrong, I'll cut my losses and I'll talk to you guys about it. So let's talk about three other stocks very quickly that I'm personally watching right now. And this one that I'm about to pop up, it's reporting earnings and the stock might be heavily fluctuating right now. So you'll catch a live reaction of this one. So snap, okay, snap, not really seeing much movement. Actually, no, their earnings are tomorrow, not today, guys. So no live reaction tomorrow. We'll take a look at Snapchat. But Snapchat is one that, again, it's reporting earnings tomorrow. It can heavily fluctuate from where we are right now. But it's holding the 180SMA support here, which is really attractive to me as a swing trader, as somebody that's looking to hop in to a stock at a dip position, right? This one's, it popped up at $1629. I think that is an all-time high. Maybe not. Actually, snap might have IPOed a bit higher here. But actually, yeah, it did $2944. We're at a low at about $14 now. Okay, okay, okay. But if we go back to the 184 hour, you can see the 180SMA here, that's been a support on snap for the past couple of months. I say if we have a positive earnings here on Snapchat, guidance is looking good. This could be a dip buy that could pop us up maybe to $15, $16 again. And you guys can see, there's about a 13, 14% margin back up to $1630. So snap, I'm watching that one very closely. AMD is actually in a similar scenario right now from $35 down to about $3250-ish, $3285 where we're hovering at right now. They're reporting earnings in about eight days here towards the end of July. So this could be opening up an entry as well, especially if we pull back a bit further and retest that 180SMA here as a support. And if the earnings are good, guidance is good, positive news comes out of it. This could influence the stock upwards and this could be a nice dip buy. So another one is Amazon AMZN guys. We've been talking about the 1950 to 1960 level of resistance. That is now a new support. It seems like we are holding that today and we are starting to break. I believe the trend, let me see if we are breaking the trend. Yeah, we are breaking the trend on the 20-day one hour, which is that 50SMA resistance, this green line. You guys can see that's been a resistance. We struggled to break out of it on the 19th. We got rejected. We held 1950 though, which was a good sign. We held it again today. That's the triple bottom that I'm seeing. And now we're starting to break out. So this could be a point in time where we fill up to 2025 and maybe even get to 2050, which is the all-time high here on Amazon stock. So those are a couple that I'm watching guys and I'm going to wrap up the video here. If you enjoyed this video, feel free to go down below and hit that like button. Leave a comment down below. Let me know what stocks you're watching. What are your thoughts on the stock market and any other comments or questions you may have. Subscribe to the channel if you haven't done so already and feel free to join our StriveSmart Discord and Group Chat and our StriveSmart Facebook group. Everything is linked down below as well as my Instagram, my Twitter, all of that different stuff. So I appreciate you watching. Thanks again. I'll catch you all in the next video and go check out that other video. If you guys have time, peace out.