 What is going on everybody is Stas here welcome back to another video so in this video We're gonna be doing an overall market update looking at the Dow Jones the S&P 500 and the Nasdaq We're gonna be talking about two trades that I made today on the 1st of April in 2019 we're also gonna be talking about D gas and natural gas a Potential trade that I'm looking to make there as well as some other stocks and ETFs But I'm personally watching here starting off the month of April in 2019 but before we do get into this guys all I ask for everybody out there watching if you find value in this video Feel free to go down below and hit that like button It really does support me and supports the channel in general And if you're new to the channel feel free to go down below as well to the description box I have two links for you both 100% free one being our discord group chat and the second one being our Free Facebook group. There's a ton of value in there for everybody out there That's into investing trading the stock market personal finance Entrepreneurship all these different things you will find a ton of value in there So without further ado, let's just talk about What ended up happening today in the overall markets here starting off with the SPX also known as the S&P? 500 the 500 largest publicly traded US companies and I'm sure a lot of you already know this especially if you were keeping up with the futures and the market today Well, the market was on Absolute fire the S&P up nearly 33 points up about 1.16% at the close the Dow Jones industrial average up 1.3% up 330 points at the close today and the NASDAQ composite. This is the future guys It did not close minus five points But if we go over here to the one day one minute We can see how crazy of a day that the NASDAQ did have today, right? It opened up nearly at about 74 69 We ended up going down to about 74 55 and ran up all the way to about 7500 up I believe it was up around 1.2 1.3% at the close near the high of the day here So absolutely insane day today in the overall markets and honestly guys if we're going to the S&P 5500 here we ended up gapping up nearly 20 to 22 points at the open and from there We only fluctuated about 10 to let maybe 8 to 12 points from where we opened up to where we ended up Closing which is pretty pretty solid of a move here So just to talk about some technicals very quickly on the S&P 500 we bounced on the 50 simple moving average here a couple of days ago Which was the support that me and a bunch of people in our community and a bunch of other investors and traders out there Was looking at the support level to see whether or not we were going to break below it to maybe start a bearish trend down To this level or were we going to bounce above it to continue the uptrend and obviously now that we see what happened We have the data we bounced we're uptrending again. We'll rather we're continuing the uptrend and Now we're fiddling with the 25 or 2860 level and quite frankly We broke that level of resistance Which is honestly the main resistance that I was watching heading into the market this week So for those of you guys that watched my video yesterday on Sunday We were talking about how this was going to be a major spot for the S&P 2500 and the fact that we bursted through that now gives me the Thought really that we're going to hold this level or we're possibly going to hold this level as a new support and then Continue on the uptrend another thing that I'm personally Waiting for right now and that's in the back of my head is you know if we pop up again tomorrow Let's say that's going to put the RSI on the S&P at an overbought level, right? And for those you guys that don't know what the RSI is I mentioned this in yesterday's video I uploaded a more in detail video about the RSI also known as the relative strength index So go check that out after this video, but just the gist of what it is It's pretty much whenever this line is getting up to the 70 bar this yellow bar here That means the index the stock of the future the ETF is approaching overbought status Obviously when it's getting down here to the 30 threshold that means it's getting oversold So now that we're getting a bit overbought we pushed up to a higher high at this point if we have another Green day we're going to get even more overbought we're going to extend up to an even higher level here And in my opinion at that point we're going to most likely Pull back like we have done every time that we push to a higher high here over the past couple of weeks in The S&P 500 so somebody actually commented on my video I believe Sunday or Saturday at the previous couple of days and they said how They think personally they thought that the market was gonna push up Monday Tuesday this week And then potentially plateau on Wednesday into a pullback on Thursday and Friday And this is something that I honestly think is very possible again if we had a green day tomorrow Let's say we pumped up to let's say for a hypothetically here to 28 75 Let's say we were roughly here We plateaued there like we did the previous times that we pushed to a higher high maybe for two three days I would really honestly think we would be pulling back from there to at least maybe back down to 28 30 maybe 28 20 maybe back down to these levels again to bring that RSI down a bit And at that point people are just going to be selling the short-term money the traders They're going to be taking their profits at that point pushing down the overall index. So in terms of the S&P guys You know really briefly here. It's uptrending. We're continuing the uptrend and Honestly, the technicals are pointing to more green here. So let me know down below in the comment section What do you guys think? You know, do you think we're going to push up again one more day than maybe plateau into a sell-off? Or do you think we're going to run up? Maybe two three more days in the S&P 500? So for fun, let's just take a look and see how far are we from all-time highs at this point? We're about 2.36% Give or take from all-time highs. So let's say we had a couple green days in a row here strong green days We're going to be there in no time which absolutely blows my mind guys because two three months ago If you were to tell me that in two three months from now, we're going to be at all-time highs again I would have slapped you across the face and called you silly, right? But the fact that we're there now again, absolutely blows my mind. So let's just go over here now to the Dow Jones industrial average Which honestly is looking very very good right now on a technical basis So let me just quickly erase these Drawings because they do seem a bit sloppy here. We'll go over here to my support lines here So we can draw out some very quickly so we can get a better understanding of what is going on right now in terms of the Dow so just take a look at three at these three lines here, right? We can see we ended up holding this older resistance as a new support a couple of days ago Which was at about twenty five thousand five hundred dollars We ended up breaking above the fifty simple moving average resistance ended up breaking above the twenty six thousand dollar level of Resistance here from back in towards the end maybe middle of March of 2019 We gapped up heavily today, which honestly is what broke us above that resistance today Actually is what we did when we did rather break that resistance and now Just like the S&P was fiddling with its resistance at about 2860 now The Dow is fiddling with its resistance at about twenty six thousand two hundred Which is is a resistance level that we've been talking about here on the channel over the past couple of weeks So very brief here guys Just make just pay attention to this level right because this level is a spot where we got rejected at Once back in the beginning of November of 2018 in the middle towards the end of February in 2019 And this maybe it's going to be another rejection spot Or we're going to end up breaking above it maintaining it as a new support and then slowly push up to the next Resistance which in this case is going to be around another hundred points above from where we are now Nearly at about twenty six thousand four hundred more like twenty six thousand three hundred and seventy Dollars and from there if we break that guys, you know, we have a full head of steam up to the all-time highs near 27,000 well actually no that's not true. We have another resistance at about what's this level like twenty six thousand seven fifty And from there if we were to break that level Full head of steam up to the all-time highs So let's just see for fun here how far are we from all-time highs here in the Dow Jones pretty much the same level as the S&P right around two point three to two point six percent Away from the all-time highs here very very close guys and again a couple of green days away Rather a couple of green days will get us to that level which again Absolutely blows my mind so just keep an eye on those levels for the Dow Jones industrial Average and let's take a look here at the NASDAQ So I feel like every single one of these indexes is at a level of resistance right now the S&P the level We talked about now. We just talked about it and the NASDAQ here is at that 7500 ish level of resistance from where we popped up back towards the end of March of 2019 we can see this crazy run up I know a lot of you guys remember this when we pulled down to the 180 S&A We touched that we pretty much kissed right off of it and from 6900. We ran all the way up to 7500 dollars we pulled back we had that little correction We double bottom there on the 72 to 7300 dollar level of support double bottom and now we popped up We broke the resistance at about 7,370 to 7400 dollars and if we zoom in a bit I believe we broke that level today actually. No, I'm wrong That was on the 29th of March a couple of days ago. That might have been Thursday or Friday We broke up and then we ended up gapping up this morning And now tomorrow the same exact thing as the Dow Jones and the S&P right well actually S&P is already Maintaining that new level of support, but just like the Dow I want to see are we gonna break this level of resistance and maintain it as a new support Before we slowly start to get to all-time highs again This is something that I'm waiting for in terms of the Nasdaq But again be a bit cautious here guys because the RSI again on every single one of these indexes is a bit Overbought but like I said in that RSI video. I'm gonna say it again here Don't just strictly rely on one Indicator when you're making your decisions about anything you're doing your technical analysis on right? You know you need to really use a bunch of different indicators in unison to make your decisions right and by that I mean You know maybe you use the RSI in unison with the MACD and you know Maybe a bullish cross on the moving averages for example, right? That would be three indicators to make a decision, right? Don't just base your decision on one Indicator so that's pretty much the gist of it here guys very simple not too much to say I don't want to spend too much time on this today, but just keep an eye on this level 7500 again, we pop above there. We hold it as a new support up to the all-time highs We're at about 2.4% off Which again is in the same ballpark as the Nasdaq or rather the Dow and the S&P So that is the overall market update for today and insanely good day insanely good day Today guys, but just be careful again The markets are getting to those points those levels of being a bit overextended being a bit overbought So if we did have a pullback later on this week, you know, I honestly would not be surprised so That is you know the the what's it called the market update for today now Let's talk about very quickly what I ended up trading today So the first trade actually made was in J-nug and I'm sure a lot of you all know by now J-nug got absolutely crushed today So I ended up taking a little loss there on J-nug for my first trade of the day But I actually rebounded pretty nicely by adding a small swing position on Apple and doing pretty well on my swing position on Nvidia but just to quickly talk about gold right now gold, you know I thought this morning really I was watching this level of support at around 1295 to 1296 this morning and it seemed like we were holding it pretty nicely here and we popped up here and I'm at that point. I was thinking okay. This could be a level of You know return not return on a level a double bottom level where we could see a bullish run Here on gold right so I pretty much jumped the gun on J-nug And if you guys don't know J-nug is actually a bull ETF that trades on Gold so this one really it was it was just a bad trade on my part to be honest guys You know, I went kind of against my rules here I'm being completely transparent and honest and it really just didn't go You know the way I wanted it to go right? We saw that gold was really just down trending the entire day But the fact that we were just hovering around that support, you know in terms of gold again gold when it goes up J-nug goes up I just wanted to add a little bit of a position there to see whether or not it was going to bounce and recover and the short story To make a long story short it didn't right it did not I ended up taking a little bit of a loss there on J-nug It was about a 1.2% loss I had a mental stop loss on this one guys again a mental stop loss is when you don't actually set a Stop loss in your account. You just have discipline and you cut your losses at a certain spot Right and this is something that I don't recommend for beginner traders out there, right because beginner traders They're mostly, you know trading with their emotions. They're very emotional if a stock goes down And let's say they wanted to set a mental stop loss a lot of the times they just get rid of that plan They don't give a crap about it anymore, and they just hold it and end up losing more money, right? So if you're a beginner just use stop losses, right? But if you're a person that has discipline you're more of a seasoned trader, right? You can use mental stop losses to your advantage and that's what I did today guys completely transparent I took a little bit of a loss there on J-nug But no big deal because for those of you guys that have been watching the channel I'm swing trading in video which I got in at about 176 20 a couple of days ago, and I also built a position today in Apple on the dip that we saw AAPL I was whenever I do Apple guys the other ticker. I always try to do APL a PPL even though I know the ticker is a APL but sometime I just messed that up I know a lot of you guys probably relate but in terms of Apple I got in on this big dip that we saw at the beginning of the market, right? We gapped up actually pretty aggressively from the close at 189 up to 192 And then we saw that big sell-off and you guys know me personally I love seeing you know a tree a stock of that's Gapping up pre-market right and it sells off aggressively opening up that margin And I love seeing it slowly starting to fill that gap and that's pretty much Excuse me what I ended up seeing in Apple and that is why I built A little position there in Apple right and this is one that I talked about in my video yesterday I talked about it in my morning video today, and yes I do upload morning videos every single day that I can write some days I can't do it, but some days I can and today was one of those days that I did upload one And I talked about Apple in today's video and if we just hop back to the 184 hour The reason why I like Apple as a swing trade guys is because we pulled back from the 195 resistance here. We bounced on the 185 support and we've been maintaining the 50 simple moving average as a Support level as well riding it up over the past couple of days and the pullback that we saw today Really bounced on top of the 50 simple moving average We briefly did break below it But once I saw a recovery in it holding above that moving average right in it holding this trend that we see right here You know that really gave me incentive to add a little bit of money into Apple roughly at about 18910 I believe is where my position is right now, and I'm up a little bit like about one two percent right now Nothing crazy actually no not two percent a little bit less than that. I think let me show you guys very quickly So from 18910 roughly where I got in up to where I am now. Yes, definitely not two percent It's more like one percent up on my position here And my goal to sell Apple is at about a hundred and ninety five Dollars and from there once we do if we hit that level I want to sell my shares and wait to see are we gonna pop above 195 Maintain that as a new support before potentially adding or rather building another position and Apple up to the next resistance at about $200 per share. So that's what I'm doing You know in terms of Apple and that's honestly all I ended up trading today guys Right a lot of the movement in the market like I said was pre market movement, right? The futures were up like crazy yesterday We gapped up 20 22 points in the SPX at the open and from there We only fluctuated again like I said 8 to 12 points So, you know if you weren't in a trade from Friday or if you didn't get in pre market hours or whatever You know there weren't not to say that there weren't a lot of moves There obviously were a lot of moves, but if you were to hold from Friday is what I'm saying here You would have been more, you know more well off than if you were to buy this morning is what I'm trying to say here Right, so in terms of what I traded that is what it was, right? So another thing I wanted to talk about in this video and you saw it in the title was a potential trade in D gas and D gas was another one that I actually talked about in my morning video today And let me show you guys what I was saying this morning So for those you guys that don't know D gas is actually a future or not a future an ETF that trades on the natural gas futures Meaning whenever natural gas is going up in price D gas is going down, right? But when natural gas is going down D gas is going up So we see a pretty big move here And I talked about this in this morning's video for those you guys look at that recalled and Yesterday's video right I was talking about how a good entry point in D gas in my eyes was going to be if we were to push up here Push up a natural gas would obviously open up Margin on D gas and then get rejected at a higher low and then start to push to a lower low Right pretty much just continuing the downtrend and what do we see here after market hours and what formed? You know throughout the day today is exactly that right? We're starting to get rejected not by the 50 SMA like I did say in this morning's video But we're getting rejected by the 180 SMA resistance Which is still a lower high from the previous and now we're looking to push to a lower low But the thing now I want to see is Whether or not we're going to break this 50 simple moving average support now to Start to push to that lower low actually we've already started to push to the lower low But I want to see a significant break this way for us to get further confirmation that we are pushing back into the 260s and if that happens tomorrow guys pre-market hours whatever that's going to be huge in my eyes for D gas so D gas is definitely the number one You know stock ETF whatever you want to call it. It's an ETF that I'm watching tomorrow Right, so let me just pull up D gas is chart very quickly to see what I'm talking about here on a further basis And to see the recovery that we're seeing and really the continuation of the uptrend here Right, so we saw like I mentioned this morning's video We got the pullback or rather the push up in natural gas which opened up the margin on D gas Take a look at that from 109. I think it honestly hit a hundred dollars flat today guys like exactly No, I am a hundred a hundred dollars and eleven cents, but close enough right But we got the pullback like I said and now we're starting to see a nice Reversal on the one day one minute. We found the bottom. We started to make higher highs here higher lows We're seeing the bullish cross. We're seeing the EMA break above the 180 SMA the EMA breaking above the 50 SMA the 50 SMA breaking above the 180 SMA all of these are moving average bullish crossovers and This is really looking attractive to me right now guys So tomorrow if we do maintain this level 103 104 I think that's going to be a good entry point up to 109 which offers about 4% And of course if we continue the uptrend if natural gas Pushes pushes to a low or low that is going to be a huge huge opportunity in my personal opinion so That's the number one. I'm watching tomorrow Apple's another one. I'm watching but I kind of already broke that one down so I don't want to break it down again and Tesla guys Tesla's one that did very very well today very very well And if you guys watch my video from week or two ago, it's called like Tesla to 290 It's it's insane, but I honestly kind of called this one out Right, I kind of called this one out a couple of weeks now It was more like a week or two ago you guys can go check it out But I was telling you how if we were to break the 50 simple moving average Which we did this resistance level we were most likely on a technical basis here going to push up to the 180 SMA Pretty much trade between the moving averages and that's exactly what ended up happening guys Absolutely crazy here. So now what I'm looking for in terms of Tesla is Are we gonna end up getting rejected here? Which has been a resistance over the past couple of months? You really can't deny it, right? Rejection here rejection rejection rejection rejection now we're overbought and at this point of resistance This could be another rejection zone for Tesla at least a little pullback zone in terms of Tesla Maybe back down to 280 bringing down that RSI this could really happen But let's say we see a very bullish move tomorrow again The RSI doesn't always tell us that a stock's gonna pull back if it's overbought Let's say we break out of this 180 SMA resistance. We break out of this downward trending line here Who knows guys we could be pushing a 300 in terms of Tesla, which is going to be absolutely crazy And another thing to note here is we're actually adding another resistance from back in What was this the middle of March in 2019? And if we were to break this resistance that would actually be another big Resistance break another big bullish move for Tesla So just keep an eye on Tesla and let's hop over here to this article very quickly that actually one of our discord members Ended up pointing out in the chat today. So thank you. Thank you for pointing this one out And this is really just showing us the you know, the what's it called the The numbers here in Europe for Tesla models I don't want to spend too much time on this but let's just take a look at how Tesla is doing over here with their delivery models in Their model threes over here in what's it called Europe? So Tesla delivering over 5,000 model 3 vehicles in Norway a smaller Austrian market about 752 deliveries in March here. Let's see. Let's go down here a bit more I don't know why Elon actually changed his Twitter. I didn't see this to Jung Musk, I don't know why he changed it to that. Let me know what you guys think about that Is this I don't know. I really don't know what to say about that, but you know All these deliveries are just still representing about half of the 15,000 model 3 orders that Tesla received in Europe for the first two versions of the vehicle I swear, there was a couple of more countries here in this article But nonetheless guys, you know, they're starting to bring out model threes in Europe They're they're entering into new markets here So this could be due to the good delivery numbers that we are seeing, you know Why Tesla has been killing it today in the past couple of days. So what do you guys think about? Tesla here, I would love to know your Opinion so heading into tomorrow guys, you know the main ones I'm watching again like I mentioned Apple Tesla, I'm gonna be watching of course D gas and Honestly, UWT is one that is super interesting right now for a pullback So if we do pull back here and UWT and if crude oil does get this pullback that I'm expecting to see Due to it being a bit overbought, you know, we could end up entering into DWT tomorrow for potential day trade again if crude oil does end up selling off and for those of you guys that don't know DWT goes up whenever crude oil is selling off So that's a potential play again if crude oil does end up selling off another one that I'm in Is in video and in video is playing out very beautifully right now, right? I got in a couple of days ago and this one is looking like it wants to hit my exit point my exit strategy We're really my exit price, which is at about a hundred and eighty five Dollars so just keep an eye on in video if we get a little pullback Maybe you can get in here again do your own research Don't just buy because I'm saying it well, let's say hypothetically we get a pullback to 180 tomorrow This could be a decent entry back up to 180 five, which again is the previous resistance And if we do end up continuing the uptrend we break out of that level there could be more gains for Nvidia so I'm gonna wrap up the video here guys if you enjoyed this video again It really supports me the channel in general if you just hit that like button guys It takes one second just go down below hit that like button I really do appreciate all of you guys that do that if you're new to the channel Feel free to subscribe. I make videos every single day sometimes to a day talking about stocks Trading trend lines all these different things that we're seeing on the screen here stock news You know investing tips investing You know everything about investing and trading pretty much guys and of course some personal finance Sprinkled in there as well as well as intra Paneurship so Again, I appreciate all you guys watching. I hope you enjoyed this video Let me know any thoughts any concerns you guys have about this market. I would love to know I'll catch you all in the next video. There's two links again down below the free discord the free Facebook get in there I'll see you all. Thanks for watching again. Have a good one