 What is going on everybody? It's Stas here. Welcome back to yet again another video. So in today's video, we're going to be doing an overall market update as always. Taking a look at the Dow, the S&P, the NASDAQ. We're going to be doing a trading update as well. Talking about what did I end up doing in terms of my trades? Did I make any swing trades? Did I place any trades to swing in my day trading? Did I day trade today? We're going to be talking about that in today's video as well as my personal opinion on the market. Where do I see it heading over the next week? What do I think a couple of scenarios that can play out over the next week are? And we're going to be talking about the specific tweet that I'm sure a bunch of you guys have heard of by now that I think pumped up the market towards the end of today. And that tweet was from the man himself, Mr. Donald Trump, President Donald Trump. So let's talk about that guys. But before we do actually one more quick announcement, for those of you guys that want me to talk about a stock or an ETF, leave a comment down below on this video. Typically, on Sunday, I'm talking about 10 stocks or ETFs that I'm watching for the upcoming week and some that you guys actually call out for me to personally analyze on the video. So drop a comment here or in the call out section in our Discord group chat linked down below of a stock and ETF and I'll get to it. So without further ado, guys, let's just hop right into it now. So the SPX ended up closing the day miraculously up $10.68 up 0.37 in terms of percent guys. And let me tell you today was an absolute roller coaster. You thought a couple of days ago was a roller coaster. Today was even crazier. The point swings that we had in the markets were absolutely ridiculous. So going over here to the Dow Jones industrial average ended up closing the day up 114 points up 0.447 or 0.44 rather percent here pretty solid green day in terms of the net or the Dow Jones going over here to the NASDAQ guys this is the future mind you it's up about 16 points right now up about 0.21% but if we're going to the one day one minute to see exactly where it closed at about 4pm Eastern Standard where I personally am in my time zone we can see it was about 14 points lower from where we are right now putting it at about a $2 day in the green so pretty much a break even so over the three main indexes that we use that I talk about in this on this channel you know it was a pretty solid day in the overall markets but just looking at the closing price today does not tell the story the whole story whatsoever so let's hop into some technicals here and I'll tell you what I've been doing over these past 24 hours which the gist of it is I've been glued to my TOS think or swim platform literally throughout the entire day because there's been a bunch of stuff in the markets especially something that happened last night that I personally thought would fluctuate the markets a lot and it did guys and that was the tariffs from China they're going from 10% or to China rather they're 10% they were yesterday and trump jacked them up to 25% on a specific number of goods and this went through last night and I no joke even when I got up in the middle of the night to go to the bathroom I was checking the ES here which is or which are rather the S&P 500 futures which pretty much runs right throughout the night so this at about 1 30am eastern standard time again this is the future this is after hours pretty much throughout the night on the east coast we were down trending pretty heavily and then at 950 once the market opened we saw that big tank right so I kind of wanted to see the whole gist of that is I kind of wanted to see and what I've been waiting for was to see how the market was going to react if those tariffs were in place and originally it started the downtrend and then we saw that big drop but one thing that I'm seeing here guys and why I'm still being pretty cautious and why I'm being cautious we'll get into that in a second here but what I'm seeing on the SPX is a potential breakout right is this you know another one of those bull traps I don't know right what do you guys think about that let me know do you think this is a legitimate breakout where we'll continue to go up or do you think we're going to sell off let's say if china retaliates to these tariffs if something escalates next week who knows right what do you guys think about that let me know but pretty much what we're seeing here on the SPX on the five-day five minute is a reversal to the upside what do we notice here the 50 and the 180s who made the green the yellow they're both resistances and today we were actually continuing this downwards pattern here of making lower lows lower highs right we pushed to a lower low lower low from the previous one that we saw yesterday everything was looking solid but then once we saw this test here at the 180s may at about 130 p.m eastern standard you know we broke right out of that right we broke right out of it we pulled back we even held it as a new support and we pushed to a higher high completely blowing through that resistance so this is why I'm being cautious right this could be the start of a breakout pattern but we're not there yet on a full technical confirmation for us to consider it that right I'm still being cautious I still think there's a chance we can sell off here which is why to be honest with you all I'm completely cash right now you guys saw I took a loss in Google Facebook this earlier this week I took a profit today on Procter and Gamble and I did a day trade that we're going to be talking about but this is why I honestly guys I'm being a bit cautious because this could be a false breakout and I don't want to be caught in the mix here until we get the further confirmation so going over here to the Dow it's pretty much the same thing right we're noticing the same breakout on the five day five minute but actually let's go back to the SPX and see a longer term view we're noticing on the SPX here that we are holding above the 2855 level of support and seems like we are pushing up now to test that 50 simple moving average so I would say right now the next uh resistance on the SPX is at about let's say 2900 so keep an eye on that level for next week if we end up getting rejected and maybe breaking below 2855 again we might be heading down that's what I'm personally thinking right now but again it hangs in the air right now with a bunch of the drama that's going on I personally don't think um everything in terms of the volatility in the stock market is quite over yet and I'm going to talk about that in a second here so let's go back to the NASDAQ very quickly we can see or actually the Dow rather not the NASDAQ the Dow again just like the SPX very similar pattern here we're holding the 180 SMA support on the 184 hour chart we're still maintaining the 25 500 level that rough area in terms of uh support as well we actually sold off roughly close to that area I think we bounced on top of that area as a support yet again from yesterday which is a good sign here for the Dow and if we're going back to that five minute five day chart we can see the same thing right this is kind of a double bottom almost which does signify a potential bullish reversal we are getting the bullish cross here of the 50 SMA above the 180 SMA and we are getting candlesticks above resistances but again I don't want to be caught in a false breakout here I want to get a further trend up before even taking any swing positions quite yet so that's what I'm looking at in terms of the Dow the SPX and uh what's it called the um the NASDAQ and the NASDAQ again not really anything crazy today right we're just consolidating here on the 75 30 not much not much to say right old just holding an old resistance as a new support on the five day five minute you know same thing we're seeing that potential breakout here keep an eye for the 76 50 level that could be a potential breakout spot if we break that resistance and now let's just quickly talk about this tweet that Trump sent that I'm sure a bunch of you guys already saw but I'm going to read it very quickly on this video that I was literally watching you know I have his tweets on notifications by the way and I recommend you guys do that if you are on Twitter if you're not on Twitter and you're trading stocks you should probably get on Twitter just to follow Donald Trump right just put his things on notifications so he tweets something it pops to your phone and you can see how the market reacts to it and I kid you not I was watching the SPX literally as he tweeted what I'm about to read to you and let me tell you this so at about 230 that was it was probably right around here 3 330 it says about three hours ago the tweet was made and I'm recording this video at about 650 so we can see here over the course of the past two days this is what he tweeted the United States and China have held candid and constructive conversations on the status of the trade relationship between both countries the relationship between President Xi and myself remains a very strong one and conversations into the future will continue in the meantime the United States has imposed tariffs on China which again we talked about which may or may not be removed depending on what happens with respect to future negotiations so I personally think here this pumped up the stock market because it gave the stock market some optimism right I personally think this is just leading us on I'm not really falling for this you know this this go this go lucky like happy you know President Trump and see a relationship I don't think it's that great of a relationship right now they're obviously in heavy negotiations right no one's really agreeing to anything there's just a bunch of you know tension and he's just trying to tweet something positive here in my opinion to relieve us the people in the market the investors the traders and if if China retaliates quite frankly maybe they slapped some tariffs on us I was reading some stuff about that you know this could send the markets down you know this next week this can cause more volatility right I'm just being cautious because I still think there's more volatility to come to be quite honest with you guys because China I don't think you're just going to back down like this we'll see what happens so let me know down below in the comment section what you guys um think about that and another thing I want to mention very quickly is remember how during this time period right we talked about this in a couple of videos ago but we were talking and we were seeing Donald Trump you know he was kind of spewing to to the media through Twitter that during this time period everything with China was great right they were trying to come to a deal they were about to come to a deal he was kind of leading us on which was pumping up the market right and then once we got this you know this bad news a couple of days ago it tanked the market very quick so just be careful right things can change in a jiffy and don't always just believe everything right because it could pump up the market right people sometimes lie on the media not not that I'm saying Trump's lying but just just be careful out there that's all I'm trying to say here so proctor and gamble that's what I traded today I completely sold out of it towards the end of the day today because we saw the huge move that it did ended up making right and I wanted to just play it safe here I took my profits at about $106 again I was pretty much watching the market for the latter half of the day here I took my profits there this was a swing trade from a couple of weeks ago and I do plan on re-entering this one but I just wanted to get out of it just in case the markets get funky on Monday Tuesday and then I end up losing my profit right so I just wanted to lock it in here and again I'm looking to re-enter if the markets point are pointing up on Monday so what did I end up day trading today guys I did day trade ticker symbol a a p l apple corporation guys apple ink this one you know I was watching mostly large caps this morning as well as the markets and we saw the big tank that the spx took and apple actually got hit very hard guys they took a hit all the way down to 192 and as I saw the strong consolidation at this level and then I noticed the markets were starting to pick back up at around 1151 roughly to noon if we go to the spx we can see that right at about noon it started to take off and we broke that resistance from back at 1115 am eastern standard you know that was a pretty bullish breakout on the spx and what do you know apple ended up following that trend I started to buy in at about 194 into the 195s that I ended up selling off a little bit actually was it yeah it was after this dump and then the little push up here by the time it filled this gap I ended up selling so it was at about 196 like 90 or something like that so let's say my average cost was at about 194 85 I was buying all the way up here as we broke the gap you know up to about 196 90 it was only about a 1% right it wasn't a crazy trade but at this point profit is profit and I'm happy with it guys these markets are very volatile we don't know the exact direction that we're going in and during these time periods like I said like I've been saying over the past couple of videos I like day trading volatility I like day trading some large cap stocks on maybe a comeback right like we saw today and I kind of keep the swing positions on the left right on the kind of on the back burner until I find some better trends right in the overall market so that's pretty much it for today's trading update really I'm just all in cash right now you know waiting for this upcoming week very excited to see what happens guys because again China can retaliate who knows right maybe Trump opens his mouth again starts talking crap you know on China or something crazy right who knows what's going to happen at this point today's day and age literally one tweet one one click of a button can change the entire market in the matter of minutes it just blows my mind the day and age that we're living in but that's it and that's how we have to you know deal with it we have to just realize that's how it is nowadays right so in terms of what I'm looking at for next week guys just keep an eye out for Sunday's video I don't want to keep this video too long and again just drop a comment down below with what you want me to talk about an ETF a stock just drop a ticker down below and if I see potential in it myself I'll talk about it right and also don't feel shy feel free rather feel free please to DM me on instagram on discord wherever you guys want if you have any questions any stocks you want me to break down personally to you you know if you want have any questions about long-term investing stocks want me to look at you know I'll do that for you happily so that's it for today's video guys drop a like if you if you enjoyed the content subscribe to the channel if you're new to the channel hit that notification bell so you're notified every time that I make a video keep an eye out for Sunday's video guys it's going to be a 25 30 minute video of me breaking down stocks I'll catch you all then there might be an upload on Saturday maybe not right we'll see what ends up happening but if there is I'll catch you in that video I'll see you all have a great weekend peace out