 What is going on everybody, Estas here. Welcome back to another video. So in this video, we're going to be doing an overall market update looking at the Dow Jones, the S&P 500 and the Nasdaq. And we're also going to be talking about one trade that I made today on the 3rd of January in 2019. But before we do talk about this, for all you new viewers out there, my name is Estas and I make videos dealing with swing trading, day trading, long-term investing and my personal philosophies and strategies when it comes down to investing and trading in the stock market. So for those of you guys who want to learn more about that, feel free to drop a like, leave a comment, subscribe and follow me on Instagram and Twitter as well as our Facebook group chat, as well as our Discord group chat. All of those are linked down below in the description box. So what happened today guys on the 3rd of January in 2019? Well, we had an expected red day and why am I saying expected guys? Well, because in yesterday's video, we talked about how Apple reported that their sales are weakening over in China and they dropped their revenue guidance to down to about 84 billion, which is lower than actually what they reported last year during this time period. So this is a very, very bad news for Apple. And I said in yesterday's video how this was most likely going to drag down the entire stock market today. And that's exactly what ended up happening. So we see here, the Dow Jones closed the day down about almost 3%, down about 660 points. The S&P 500 closed the day down about 62 points, down about 2.48%. And excuse me, the Nasdaq, these are the Nasdaq futures. So that's why it's showing that it's up $4 right now. But if we want to see the drop in the Nasdaq today, pretty much, we opened up the day here at around 6,300. And we ended up closing off the day right around 6,160. So we lost about 150 points in the overall Nasdaq throughout the entire trading day today. So we kind of expected this to happen today, especially since we saw Apple tank about 8% once this news came out yesterday after market hours. And we can see this directly on Apple's chart. And for those of the beginners out there, Apple has a very big weight on all of the indexes, guys, the entire US economy, and sometimes the global economy as well. So this massive drop here, the revenue cut, the weakening in China's sales, and the whole trade war going on right now, this definitely pushed down the market today 100%. So let's take a look at some charts here to get into a little bit deeper depth on what's going on in terms of the Dow Jones. So as of right now, guys, it seems like we did get rejected by the 50 simple moving average here on the 180 day four hour chart. And this is something that we've been waiting for, guys, over the past couple of days. And like I've been telling you guys, you know, just because we've had a couple of green days in a row, like we did these past couple of days, it does not mean anything, right? And what happened, guys, you know, exactly what I thought was going to happen, which was we topped off here, we had some resistance here at around 23,300. We got rejected by that 50 SMA. And now we're heading down to potentially make another lower low. So what supports do we have to keep an eye on right now for the Dow Jones? Well, we have to look at this three year chart to determine that. So the fact that we got, you know, rejected here at this resistance, which was a previous support from back in March 2018, you know, the next support we're going to be seeing here is at around 22,300, which is about 300, 400 points lower than where we're currently at right now. And if we do break that support, guys, the next one we're heading to is the one that we bounced, you know, bounced on back in December at around $21,650. So if we're just judging off the 180 chart here, guys, we can clearly see the Dow is making lower highs. And it's in the process right now of, you know, making that lower low. Am I saying it's going to 100% make that lower low? No, I'm not saying that, but I'm just saying and just judging what this chart is telling me right now based off these technicals that, you know, we are strongly pushing down now. And you know, the next stop is this support here. And then after that, we're going to be testing that low at around 21,700. And if we do break that, guys, we're going to be getting deeper into back into bear market territory. Because as of right now, I don't think we're in a bear market quite yet because we're down about 15, 16%. And this is solely due to that upswing that we had these past couple of days that got us, you know, back into that 15% drop territory. But when we were down here, we were down about almost 20%. So the fact that, you know, if we do break this lower low, we're going to be getting deeper into, you know, that 20, 25% drop territory, that's not really a good sign for the overall Dow Jones based off a technical basis. So let's take a look at what happened today on the S&P 500 guys, very similar to the Dow Jones. We had a couple of green days in a row. I was telling you guys, you know, don't let this fool you. The fact that this trend is telling us that it's still down trending is what you should be focusing on. Don't be focusing on these three forward green days as, you know, a reversal in the market, because I did get a bunch of questions about that, guys, you know, a bunch of people were asking me, you know, just because we've had a couple of green days, is this going to reverse the market? The answer to that is no, because the overall trend is still pointing down. And we've had similar situations over the past couple of weeks, since the sell off in early October, and by different situations, I mean, we've had situations where we've had a couple green days in a row, followed by even more selling. And that's what I thought this situation here was going to be. And it seems like as of right now, you know, I was right. So we got rejected here by the 50 SMA on the 180 chart. And if we're taking a look at some older supports guys to see where we could be potentially headed next for the S&P 500, well, I want you to keep an eye and I'm going to be keeping an eye on this trend here on this three year one week chart and the support on the 180 SMA on this chart as well, because this has been a support over the past couple of years. And if we're judging on this longer term chart here, the 20 year chart, I've talked about this in a couple of videos as well, you know, this trend here is very valid stemming back to the recession in 2008. And it's proven to be a strong support. So keep an eye here guys, we are right at the support of this trend. So if we do break this level, we're going to be headed back to around the 23, mid 2300 range. And then after that, you know, if the selling does continue to ramp up the economy, you know, the growth continues to slow in the economy, you know, with companies earnings and such, we're going to be headed back down to the 2200 range. And at that point, we're going to be well into a bear market, you know, for the S&P 500. So overall guys on the 180 chart, we're making lower lows, we're in the process right now of making another lower low. This is officially a new lower high, the previous high was at around 2700. Or actually, no, it was at around 2500. This high here is at about 2500. Or this one was actually at around 2575. This one's at around 2500 flat. So the pattern is still valid. We're down trending still in the S&P 500 and in the Dow Jones. And if we're taking a look at the NASDAQ, which is now turning red in terms of this future, we got rejected by the 50 S&P, and we're not, we didn't, you know, successfully break above the 180 S&P, meaning that we are still technically down trending. This is a lower high from the previous high at around 6570. This high was at around 6350. So the trend is still in place. So what supports are we looking at for the NASDAQ? And we're looking at one right here at around 6175. This one's stemming back from a couple years ago, I believe, or around, actually no, this one was from back in the sell-off from February and March of 2018. Well, actually, more in February. We bottomed off here at around 6175, 6160. And that's exactly where we are right now, with the next level being at around $6,000 flat, which has a support from back in three, three years ago, not three years ago, like one and a half, two years ago, back in October of 2017, about one and a half, one year and about three months ago, this was the support at around $6,000. So keep an eye there. And, you know, overall, guys, all the markets right now are down trending, making lower lows, making lower highs. And right now, we're just not seeing any signs of a reversal in sight. And this is expected, because, again, Apple reported what they reported yesterday. You know, the economy has been slowing in growth, the trade war, all the insecurities, and all the uncertainty, rather. And this is just stemming to the market, going down in price, because the market does not like uncertainty. And it all kind of makes, all kinds of makes sense, you know, the way things are playing out in the current state of the market, in my personal opinion. So let's talk about what I traded today. And I'm sure you guys can guess, because the markets were heavily read, I traded TVIX, which is an ETF that tracks mainly the S&P 500. And it goes up in price when the overall markets are selling off. So let's see what happened here in TVIX. And we can break down why I entered this position, very similar setup to yesterday's trade and the trade from Monday. So pay attention to this guys, very valuable information that I'm about to tell you guys right now. And let's see why I ended up trading TVIX. So in terms of why I'm saying it's a very similar setup to yesterday's trade, which was in DWT, is because this was another gap down trade, right? We saw a resistance pre-market hours. And we sold off heading into the market open, opening up that margin of profit and opening up that gap, right? And whenever we see stocks in ETFs do this sort of pattern, you know, from pre-market hours heading into the market open, this is something worth watching to see whether or not that stock or ETF is going to be able to fill that gap, fill that margin that was opened up pre-market hours. So this is exactly what I was waiting for, right? We opened up that margin of around, let's see what it was, around 6% from the peak here at 73.50 at around, what time was this? 6am Eastern Standard Time, it dropped all the way down to about $69, again, opening up that 5%, 6% margin. And at this point, guys, what I was waiting for is to see if we were going to bottom out once the market opened and start to slowly uptrend in price to fill that gap. And that's what I was planning on, you know, that's when I was planning on trading TVIX. And if you guys are part of the Discord group chat, the free Discord group chat, I was talking about this, or I talked about my trade in TVIX in that group chat. And let's see exactly my logic behind this. So the margin opened up, we slowly started to fill that gap. And I initially got in, I believe, at around $70.58. Once we made that higher low here at around $70, we bounced on the 50 SMA. And what I mean by higher low is that, you know, we notice from the open on the market, this one started uptrending in price, making higher highs, right, and higher lows. And the fact that we were doing that was showing me that the market is slowly downtrending in price, which is pushing up TVIX to the upwards direction, right? Very similar, or not similar, very simple, you know, understanding here of what is going on, right? The S&P is selling off in the morning, right? That's pushing up TVIX, making higher highs, higher lows, and the fact that we jumped or bounced on this 50 SMA right here, that gave me incentive to pretty much trade TVIX. And if we just see S&P very quickly, what was going on, you know, we gapped down here and started selling off aggressively. And you know, what I do every morning, guys, is I watch the S&P, the Dow, and the NASDAQ, because I like to see the direction of where these indexes are moving before deciding on what I'm going to trade. And you know, for example, let's take a look here for today's trade. We opened up, we started selling very aggressively, making lower lows very, very aggressively. And that just showed me that, you know, the S&P was opening up red and a lot of selling was going on because of the panic with Apple. So I capitalized on this with trading TVIX. So I didn't get all the margin here. I didn't get the entire gap fill. But I did end up selling off at this resistance from yesterday. And this is what I was talking about in yesterday's, you know, not yesterday's today, in the group chat on Discord, I was talking about how I, you know, sold off at yesterday's resistance levels. So we got in at 70 58. And we pretty much sold off here, because at this point, guys, just think about this point in time for me, right? I was already in at a good price point right here. We were aggressively shooting up the RSI was very overbought at that point, right? And we pretty much almost filled the entire gap of pre market, but we were already at the gap from yesterday, we filled the gap from yesterday's resistance. So I just wanted to play it safe at this point. And I took my profits, I believe it was at around 72 50. So from $70 and 58 cents up to where I took my profits, I made about 2.75% on this trade and very slightly shy of my daily goal of 3 to 5%. But again, profit is profit. I'm very happy with any profit I'm able to take from the stock market. And you know, that is how I treat it, right? I get, I get, you know, once I get my profit for the day, most of the time, you know, I'm done trading for the day because I like staying green. I like staying consistent. I don't really have any FOMO trades fear of missing out trades. Because you know, I'm kind of over that. That's more in my opinion, something that you have to, you know, handle when you're getting into the stock market, a lot of people start, you know, trading in the beginning, they have FOMO, they end up, you know, buying a stock that's too overpriced for the day, maybe it's oversold, it's already made its run, then they end up losing money, right? So this is something that I've been able to conquer my emotions. I've been able to conquer my emotions in this aspect of FOMO. And, you know, when I take my profits for the day, guys, of about 2%, 1%, 0.5%, 5%, whatever it may be for that day, I'm typically just done trading for the day unless I see any other ridiculous opportunities out there. And I'm just watching the charts, you know, periodically throughout the day after I'm done trading. Drop a comment down below. Let me know if you guys do something similar to this. I would love to love to know. So that is what I did today, guys. Very simple, 2.75%. Another stock that did very well today that we've been talking about and covering was Cron, ticker symbol C-R-O-M. This is a marijuana company and we talked about this one from the bottoming out point here at the top of this trend line. And at this point, guys, Cron was at a higher low and this is what really opened my eyes up to Cron in the first place. I didn't end up trading this one, but I know a bunch of people out there in the group and other people that have been DMing me have been trading Cron. So shout out to you if you did trade Cron, guys. We actually covered this one in my video yesterday and I was kind of, let's take a look, what time period was I looking at it yesterday? We were slowly starting to see a cup and handle formation, I believe right here, right? We saw this cup, right? And then this handle formation, it literally played out perfectly, right? The cup, the handle, and then we broke that resistance that I was talking about in yesterday's video at around $11.50. We ran up all the way to $12.16 and now we're holding the top of the resistance now being a new support. So the fact that Cron is holding this one after market hours as well gives me reason to think that this one could potentially run up back to $13, $14. I'm going to be watching it super closely at these levels for a trade, guys. But let's say we break below here, we break that trend that we're currently seeing, you know, that's going to be a break of trend that I'm no longer going to be interested in trading Cron. But let's say tomorrow we slowly start to up push back into the $12 range, that's going to be a very, very good sign in terms of Cron. So just wanted to quickly talk about Cron today. You know, very solid setup right now in my personal opinion in terms of Cron. Another one that's interesting is Enbev, right? We got rejected by the 180SMA, but we are holding that 50SMA. So let's see tomorrow, guys, if we are able to potentially get a trade in Enbev from this gap that we see that it opened up from about, you know, the 180SMA resistance down to this level, that is around a 5, 6, 7% margin of profit. So I am going to be watching that one very closely. We saw Gold Futures today, absolutely tear it up. We're almost at that $1,300 level that is a resistance from the past. And we can see that very clearly right here, guys. This is a very solid resistance. We sold off, we bottomed out, we're heading back up, we're uptrending in price right now, and we're getting close to that $1,300 level that we can see on the three-year chart, guys, is a solid resistance. So I'm watching JDST right now to see whether or not we're going to get rejected here and start to pull back a little bit in the Gold Futures, which would open up that opportunity in the Gold, in the Bear ETF, which is JDST. But let's say we break out of this resistance, guys. I think Gold could run back up to the mid-1350s, opening up JNUG for even more profit potential, guys. We see JNUG today absolutely tore it up as well, up 10%, guys. So if you were able to trade JNUG, drop a comment down below, let me know. But other than that, guys, that's pretty much what happened today in the markets, right? Very solid red day. I still think there's more red to come based on what these technicals on their major markets are telling us. Excuse me, keep an eye on Gold, guys. Gold is very, very in a very interesting spot right now. Again, if we break that $1,300 resistance, it could continue to run to the mid-1300s. If we get rejected, it may be time for a pullback, which would make JDST a very solid play. But it's all about playing it by ear, guys. And if we take a look at some major stocks here, large cap stocks like Apple, it was down 10%. I know a lot of people have some call options in our group, which is not too bad of an idea in my personal opinion, because over these past couple of weeks, guys, since this big sell-off, we've noticed every time that Apple made a lower low, it's been able to bounce back up. So the fact that people have call options on Apple right now makes sense from a 180-day technical perspective, right? If we're able to bottom out in the 140s, 142 range, which we are seeming like we're doing right now, we could push back up into the low 150s, which I'm sure that's where a lot of people have their strike price for Apple. So that is something worth looking at if you're into options, guys. Again, this is not financial advice. This is all for entertainment purposes, in my personal opinion. So don't just go make a call option right now. Just because I said that, right, you have to do your own research. But it makes sense for my personal opinion to why people are making call options right now, placing call options in Apple. It makes sense from a technical perspective. So Facebook, guys, it's getting rejected by the 180SMA here. Keep an eye on that resistance point. Amazon very same level here under the 180SMA. Let's take a look at Netflix, guys. Pretty much all of these are at resistance points at their 180-day simple moving averages, right? We can see that on Google as well. And I'm pretty sure Microsoft too, right? Actually, no, Microsoft got rejected by the 50 simple moving average. So let me know, guys, what are you guys doing today in terms of stocks trading? I personally actually bought three shares of Apple today. I posted that on my story on Instagram at around $143 for my long-term portfolio. Have you guys been buying shares? Please let me know down below in the comments section. I'll catch you guys in the next video. Thank you so much for watching. If you found value in this video, drop a like, leave a comment, subscribe. Follow me on the other social platforms. And if you guys want to be in contact with me and our group throughout the trading day, feel free to join that Discord. We have about 400 people in there right now. And the Facebook group as well. We have about 115 people in that. All of those are down below in the description box. Again, thanks for all the love, all the support. I'll catch you guys in the next video. Peace out.