 What is going on everybody is Stas 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 in the stock market as well as talking about three stocks in particular that I'm looking to swing trade here heading into the month of October in 2019 so if you guys find value in this video if you enjoyed this video if you find it helpful feel free to go down below hit that like button consider subscribing if you want to see further content for me involving the stock market trading and investing this is the channel for you and without further ado guys let's get right into it starting off here with the SPX so at the time that I'm recording this video with around 23 minutes left in the trading session we're currently pretty flat in the markets in terms of the SPX up only 61 cents trading at around $3,007 if we zoom in a bit here to the one day one minute you guys can see we hit a peak roughly at about 30-20 which if we zoom out again you can see that is a resistance roughly at that all-time high that we experienced a couple months back in the S&P so this is a bit worrisome that we are getting rejected here you know heading into the close of the market right now which in my opinion could be leading to a potential pullback 229.90 to retest that level of support which has been a strong support over the past couple of weeks here on the S&P 500 going to the Dow Jones this one's currently read as well down 30 cents down 0.11 percent you guys can see here just like the S&P the Dow is struggling right at those all-time highs at around $27,400 so this could be a sign showing us that this may be going back down to retest the upcoming support which is around $26,900 to around $27,000 so going to the NQ right now this is the only green one actually the S&P just turned green right now but the the NQ is up $9 up 0.11 percent and it does seem like it is holding successfully that old resistance from back in April to May of 2019 as a new support right now which is at around 78.75 so the fact that we're holding that we're also holding that 50 S&P this one could be going up to retest let's say 79.95 maybe $8,000 and you guys can see if I zoom out a bit the all-time high here is around 8,051 so again if we reach this resistance we break out that's going to be a huge breakout we may be going to all-time highs at that point so overall that's what the markets are looking like right now guys they're pretty flat you know that they're barely up you know they're barely down they're barely up they're like right at that you know you know the level that they closed that yesterday pretty much and this is interesting because if we go back to the S&P we actually opened up the day pretty strong today this morning I thought that there is going to be potential to break into the all-time highs as we did gap up from yesterday's close so initially I was very very interested in seeing you know are we going to gap out breakout all-time highs you guys can see we didn't do that which is showing me in the short term now again like I said you know this could be pretty bearish for the S&P especially if it breaks this 50 S&A which is this green line here on this 20-day one-hour chart so that's a key technical spot on the S&P if we do break that 29.90 is the next support level like I mentioned a couple of minutes ago if we're going to the Dow very quickly let's break down some smaller time frames you can see right now the Dow's actually breaking below that 50 S&A which is not too good of a sign that could be the sign that we're going down to maybe 27,000 flat to around 26,900 like I said and if you go back to that one day one minute on the Dow you can see we gapped up aggressively this morning we hit a high at about 27272 which is really about 100 points below the all-time high and at this point I was thinking we may be going all-time highs today right we may be pushing that limit but again we got rejected and we started to downtrend which is not too good in terms of a bullish standpoint now right the bullish standpoint they would obviously want us to be breaking out of these resistance levels so at this point the bears are taking over on an intraday perspective here on the one day one day one minute rather for the Dow Jones if we're going to the Nasdaq very quickly guys before we do talk about what I ended up doing today in terms of trading you can see you know again on the 184 hour we already talked about that we're holding that 50 S&A that's good on the 20 day one hour we're also holding that and it seems like we got rejected by that resistance as you can see on a closer basis here which is not too good the bulls would have wanted us to break out here into the eight thousands we didn't get that so as of now guys although we are you know holding that 50 S&A on both the four and one hour chart if we go to the intraday chart the bears are taking over right now unless we do end up doing something like this in the last 18 minutes of trading which if we do that's going to be very good for the bulls so overall right now that's what I'm looking at in terms of the markets in terms of some key technicals if you have any insights guys feel free to go drop them down below in the comment section the markets are interesting right because we got you know these interest rate cuts yesterday 25 basis points I figured that the market already had them priced in so I didn't think the market was going to fly up which it really didn't because again we're flat right now so at this point I'm just interested in seeing how this reacts you know are we going to dump are we going to sell the rate cut news like we did last time we got a rate cut these are some things that are going through my mind and again I would love to know what you guys have to think about that down below in the comment section so let's talk about what I traded today which is PayPal guys one of our discord members in the discord link is down below in the description box for those of you guys that are interested one of our discord members actually called this one out this morning again ticker symbol PYPL and from his call out I was able to break it down analyze it and trade it and it was very very awesome a very very good setup this morning I want to talk to you guys about that right now but if you if you guys didn't catch my video like a couple feels like a couple weeks ago where I talked about PayPal breaking these trends you know I haven't watched it since I'm probably say since that video and I look back at it and I was like wow this really has not recovered yet but it could be setting up for potential breakout here which in my opinion this morning that is kind of what it was setting up to do now that we saw the results for the rest of the day obviously it didn't break out but this morning it was setting up for that breakout which if we zoom in very closely here guys you can see that it hit the bottom of this wedge it hit the support of this wedge and then it started to climb up pre-market heading into the market opens so that was very good and when he called that out I think it was like at the market open or something like that maybe 20 minutes after the market open you know at that point it was starting to trend up right and again we were holding the higher low holding the bottom of this wedge so in my eyes I was thinking this one's starting to climb and it's going to potentially either break out of these moving averages and this resistance of the wedge which would be extremely bullish or it's going to get rejected here it's going to see some resistance and then potentially sell off or maybe just consolidate a little bit and maybe decide tomorrow which way it's going to pick and obviously it did the latter half of that you know it's really consolidating and struggling right now here but we have another day of trading tomorrow where if it pops guys this could be an insane swing trade which is actually the first swing trade this first stock that I'm looking to swing trade if we do end up getting that breakout and to talk about what I did today if we zoom in a bit closer you know we were gapping up heading into the market close yesterday and pre-market today like I said right take a look at the gap up pre-market we went from 105 we started to trend up there you know we ended up getting to 106 at the market open roughly then we ended up selling off testing that 50 SMA here and I actually took a position I believe it was at around 106 24 guys 106 24 and then all of a sudden this thing started riding that 50 SMA like I expected because again if we go back to that four hour chart at this point in time this is the trend it's going up like this so I figured this has a really good chance to touch up here because again that's the resistance of the 50 SMA and the top of that wedge and it filled that gap perfectly and that was actually where I wanted to sell this initially because I knew if I wanted to swing trade this I would have to wait for that breakout and since we weren't at that point yet I didn't want to force a swing trade when the technicals weren't pointing to a good swing trade quite yet but I did realize and analyze this one as having good day trade potential which again like I said is what I ended up doing so I got in again 106 24 I believe to be exact and then honestly I ended up just selling up here as we started to get into the 106 70s because at that point you know I didn't have a lot of money tied up into this but I was up around like 0.4 something 0.3 0.4 more towards the 0.4% side and that was a very quick you know in and out it was around like a 20 30 minute day trade at that point where I realized that we were getting to the top of that resistance I wanted to just take the profits and then again like I said wait tomorrow to see how this level ends up playing out are we going to break out of that wedge and if we were to break out again that's where I'm looking to take that first swing trade so on that note guys that is the first talk that I'm looking to swing trade believe it or not it's PayPal and that's what I ended up doing in terms of trading PayPal today so let me know down below what are you guys doing in terms of trading any swing trading that you did today are you buying any stocks to swing trade or you day trading let me know down below in the comments I'd love to know so PayPal waiting for this one to break out the second stock that I'm looking to swing trade here which is another one that we talked about in the discord chat is Alibaba guys the good old Chinese company Alibaba ticker symbol BA BA so today Alibaba ended up breaking a key resistance at around $178 this was critical because you can see over the past couple of weeks there's been a resistance at this point literally five separate occasions once here twice here three times here four times here then five times the fifth time was literally five six days ago and then we retested it today or was that yesterday let me just double check that we retested it yep today really towards the end of the day yesterday we broke out and then today we fully broke out and now we're just in another channel as a whole from around $180 you can see here all the way up to around $188 and this is actually looking very good for a re-entry on BABA I didn't trade BABA today I know a bunch of people in our group did but hear me out on this guys this pullback from 184 which it ran to 184 today believe it or not and it's trending all the way back into the 180s which is quite the pullback which is why I'm saying this could be a nice sweet juicy entry here if it ends up holding the 180s or rather not the 180s may the $180 price point so you can see 184 now we're pulling down to 180 184 is in the middle of that channel so the fact that we are getting this pullback it's like a blessing in disguise so I'm looking to see if we hold 180 tomorrow you know if we can solidate a couple of days that's okay too but ultimately I want to see are we going to hold it and then slowly start to pop up and you know you see this other trend line here that I drew out right you know we popped out of the top of the wedge which is also very bullish you know this is actually an example of the stock breaking out of the top of the wedge as opposed to PayPal which hasn't yet you know we broke out of the top of that wedge and now we may be pulling down to retest the wedge as a support you know the top of the wedge as well as that overall 178 180 level as a support which is another good sign so that's just kind of what I'm watching at this point on Bob off we zoom in a bit you know you can see on the hourly chart here the 20 day one hour you know we could be pulling down to maybe 180 again you can see the double top here was that 180 right we may be pulling down to that 50 SMA even or maybe even that 180 SMA if we do end up breaking below 180 either way you know I think 176 to around 180 could be a good entry point right around this area here this general zone and that's kind of what I'm waiting for here I'm going to be very patient and once it does start to pull down there if it starts to show some confirmation of support a pop you know maybe some consolidation I might consider a position and of course I'll let you guys know and the purpose of me calling out these stocks guys talking about them in the videos it's not for you to just go out there and blindly buy them that's just not the purpose whatsoever it's for you to kind of see how I do my technical analysis and apply that to your trades but to also see what I'm looking to trade my reasoning behind it so you can also take that and apply it to your own trades as well and if you understand what I'm trading you know you understand Baba PayPal whatever it may be go ahead and trade them for yourselves but the whole the whole purpose here is for you not to just blindly follow me or anybody at that point right you should be relying on yourself being a self-sufficient trader investor and honestly in every area in life you know other than trading and investing in stocks right you should be like that in every area of your life so the third one that I'm watching and my phone keeps buzzing right now let me just um um uh what's it called turn this off for you guys but the third one that I'm looking at is Facebook ticker symbol FB and the movement on Facebook today and especially how it seems like it's looking to close this is very attractive in my opinion if we zoom out a bit to the 184 hour this is yet again another stock that is in a wedge right just like PayPal just like Baba Facebook is in a wedge right now a good sign we got is we broke out of that 180 SMA that was an initial good sign that we got a couple of days ago we're seeing a bullish cross which is the second good sign honestly which is the 50 SMA this green line crossing above the 180 SMA which is the yellow line in every time frame that you see when the smaller SMA crosses above the the larger SMA that's a bullish sign guys so we're seeing two good signs here in terms of Facebook the third sign I want to see ultimately and I've been saying this guys in these videos is a break above 190, 191 roughly that area and a hold at that area as a new support this is what we need to see and from there we may get some consolidation you know we may get some even a pullback to 190 a retest maybe a pop-up from there to 191 again just some overall consolidation but the idea from here would be that we start to trend up into the mid 190s maybe the high 190s even into the 200s guys that's kind of my trajectory right now from a technical perspective on Facebook if we do end up popping and doing exactly what I just said so this one's going to require a bit more patience in my opinion just due to the way it's been trending right it hasn't been moving much actually no that's a lie from 180 to 180 189 that's a that's actually a big move what am I saying but I feel like over the past couple of days not really the past three weeks but the past couple of days this area general area from 190 to around 185 it's kind of just been hovering here not doing much so I would love to just see that price pop to the top here that's just overall what I'm waiting for on Facebook and any positive catalyst too if one were to come around there's a bunch right now with Facebook involving the cryptocurrency Libra right I know a lot of you guys know about that that's pretty positive you know if another catalyst came along pop that stock price up from a technical basis that is all we need to see and then from there it could be flying up to 205 again 210 maybe 215 which is that high that we saw a couple months ago back in July of 2019 so overall guys those are the three stocks Facebook PayPal and good old Alibaba ticker symbol B A B A so let's talk about very quickly now let's run through gold let's run through natural gas see what those are looking like crude oil I kind of want to do a follow-up on these very quickly before I end off this video so natural gas right now it took a cliff dive today it took a cliff dive we're trading at around 255 right now we're down about 8 cents today down about 3% so now it seemed like we are holding 254 255 as a support this is a general area that I'm going to be watching for natural gas to hold tomorrow and honestly for the rest of this week and next week but the bad thing is guys we broke the trend right we broke that up trend above the 50 SMA we clearly dove below that so this could be free falling for all we know at this point in terms of natural gas and you guys as you guys can probably guess has been doing very poorly over the past day two days it's down 10% today down about two bucks so maybe D gas could be a play over these next couple of days which goes up whenever natural gas goes up in the case that natural gas does break that 255 level of support so let's go to slash GC very quickly you guys can see this one's holding very nicely 1495 gold has been showing a strong sign of support at this level so that's that's pretty attractive in my opinion you can see we hit that high at 1560 from there we failed to hold that 180 SMA that we've been talking about in the videos but we did hold that 1495 support which is good and right now you know I'm looking for either a dump below 1490 and from there we can short it by trading JDST which goes up whenever gold is selling off you know and then we could potentially find a support at 1450 you know or the flip side would be if we were to break above this 50 SMA and this 180 SMA this could be a bullish sign to potentially trade Jnug which goes up when gold goes up and when GDX goes up which is a gold ETF right and just to put this in there as well because I forgot to say for JDST GDX is what JDST trades based upon not necessarily gold directly but GDX does follow gold because it's a gold ETF so in a sense it does trade against or rather based on gold in a sense but kind of indirectly just figured to put that out there so crude oil right now let's take a look at how that is doing guys because we we all know the attack on the Saudi Arabian plants popped oil's price up to around 63 bucks now it's pulling down holding that 50 SMA this is a pretty good sign if you're looking to trade UWT which goes up whenever gold or rather crude oil is going up so this could be a sign that if if crude oil holds that level and starts to pop you know this could run from 13 maybe if crude oil gets back to 62 63 which I don't know if that's going to happen but even if it gets to 60 you know this could run up from where it is now 13 bucks up to about let's say you know 1450 maybe even like 15 bucks maybe at that point who knows right but either way that's going to be around a 5 10 15 margin and back to crude oil guys just to break that down again you know if we break below this point that's going to be critical right if we break below that point we're going to be running down to 56 bucks at that 180 SMA as that's probably the next major resistance as well as this point here I guess you can say $56 that could be where we're going and then from there obviously we could short it by trading DWT which goes up whenever crude oil is selling off so that's kind of the rundown for today guys if you enjoyed this video if you found value in this video if you enjoyed how I broke things down explained everything feel free to go down below hit that like button again consider subscribing if you want to see further content involving the stock market trading investing news technical analysis just everything stock market guys this is the channel for useful subscribe hit that notification bell and drop a comment let me know what you guys are up to in the markets what are your thoughts on the markets I would love to know so I'll catch you all in the next video have a good one peace out