 What is going on everybody it stops here welcome back to another video so in today's video like you guys read in the title We're going to be talking about Tesla stock and Neo stock and these two stocks today guys Oh my goodness They went absolutely off the wagon and we're also going to be doing an overall market update taking a look at the Dow Jones The S&P 500 and the NASDAQ and briefly talking about what I personally did today on the 3rd of July in terms of my Trades so before we do get into the topics guys if you enjoy the video feel free to go down below and hit that like button Join our two communities if you haven't done so already one of them's the discord chat the other one's the Facebook group 100% free of charge and I guarantee you guys will find a ton of value in there So let me just minimize myself very quickly and let's just get right into it starting off with the overall market update here Taking a look at the S&P 500 and by the way guys the markets did close today at 2 p.m Eastern Standard Time. That's why you guys can see it's not filled Pretty much right here right and the markets are not moving right now And I am recording this video at about 245 p.m But nonetheless the S&P on the short day of trading today ended up closing up 22 points up 77% and we hit another all-time high today at 29.95 and 84 cents as you guys can see the Dow Jones industrial average today guys up a hundred and seventy-nine points up 0.67% and let's see. I don't think oh it wasn't all-time high all-time high in the Dow Jones today guys Absolutely unbelievable. This is actually the first all-time high since back in the October month when we did see that peak at about 26 I believe like 9.50 or something like that and we just briefly surpassed that today Which is very very good. The Nasdaq here guys also hit an all-time high today at seventy-eight ninety two seventy five We were up 50 points at the close up 0.64% so the markets are continuing this rally They are continuing this roar that they've been on over the past couple of Days and honestly guys at this point You know, I don't know and since we don't have much data of you know The S&P the Nasdaq and the Dow past these levels of Resistance obviously since they're at all-time highs, you know now we're going to see and and really take a look at at least That's what I'm doing I want to see if these markets are going to hold you know these all-time highs All-time high levels and hold those old resistance levels as new supports and let me explain what I mean by that You guys can clearly see here on the one-year one-day chart for the S&P You know, there's a clear older resistance at 29.50. We got topped off there back in the September month We got hit there again on the May month in the May month and we did briefly Towards the end of June before catapulting up to where we are now So the fact that we broke out of that resistance and now we're at all-time highs again I want to see you know, are we going to maintain? 2950 and maybe maintain $3,000 in the S&P if we do actually get there and you guys can see the ES right now, which is the the e-mini S&P futures. They're actually already at $3,000 so I'm interested in seeing you know, are we going to hold these levels the Dow Jones industrial average You guys can see there's a also a resistance spot there that we got hit at three different occasions back in September at about 26800 back in towards the end of April heading into May at about 26700 back in towards the end of June a couple of weeks ago We got hit at that same spot and since we catapulted to that all-time high today You know, that's going to be a level that was an old resistance that I'm going to see and looking to see if it's going to Maintain that as a new support right same thing with the Nasdaq resistance here resistance now You know, are we going to hold? 7900 7890 as a new support. These are things that I'm personally looking for and you know Judging on some other technicals for the S&P you guys can see, you know We actually did briefly hold that support yesterday before popping up to an all-time high today, which is pretty attractive 20-day one hour, you know, all you're really seeing here is the S&P Continuing the uptrend we pushed to a higher high. So maybe on Friday. Maybe this next week, you know, if we pull back Maybe we maybe we'll retest 2970 maybe we'll retest 2950 and maybe that 50 SMA support that could definitely happen since we did push up to that higher high You know a pullback here wouldn't completely shock me and you guys can see You know on the on the five-day five minute Maybe we pull back down to again that 2970 to 2980 level maybe retest that 180 SMA here So those are just a couple of things I'm thinking about right now But the you know the brief consensus is we're still in the uptrend guys we're obviously hitting all-time highs and We may be pulling back maybe retesting some of these support levels like I mentioned on the S&P for the Dow Maybe 26850. This is an old resistance now a new support. Maybe we can retest that Maybe hold the 50 SMA or maybe we sell off down to the 180 SMA if we do see a bit of a cool-off period Notice how the RSI is very overbought at this point So these are just some things that could happen right going back to the 20-day one hour Maybe we pull back here hold that support or maybe we pull down to the 50 SMA Or maybe we just continue to fly up. Who knows 26, you know 27,000 is the next round whole number for the Dow. We may be heading there guys, you know Nasdaq right now if We hold 7900 we may be shooting up to an $8,000 Nasdaq or if we pull back The 50 SMA is going to be what I'm watching as a support as well as the 180 SMA here on The 20-day one-hour chart going over to the 184 hour chart you guys can see We haven't really fully broken out of that level quite yet And if we do we want to see it hold that level as a new support if we fail You know, we may be pulling back from there So at this point guys the markets are at a spot where I'm finding it tricky on You know where we're going to go because we could pop up continue to hit all-time highs hold those old Resistances as new supports or you know, we can pull back potentially cool off a bit here Since we did hit all-time highs on all of the indexes and the RSI levels on all of the indexes are a bit over But you know, we may be cooling off a bit So I'm excited to see how things pan out here over the next couple of days the market tomorrow the 4th of July It's obviously closed. So I hope you all Enjoy that holiday if you do celebrate that holiday and That's pretty much it for the market update guys. Nothing too crazy, but all-time highs Again, so that's just it honestly. So let's talk about Tesla stock here very quickly I'm sure you guys already know this is probably old news because it did come out yesterday But we saw a Tesla stock has just completely been killing it ever since we hit that low at about $170-$180 somewhere in that ballpark Tesla has been able to come back up to 240 to $245 per share which is absolutely ridiculous and I've been talking about Tesla a lot And I've been saying how until the narrative surrounding the company changes until we see a production Hit, you know that we just got yesterday until we get a profit, you know, that's not going to change You know, the sentiment isn't going to be changed until we get those things and what did we get yesterday guys finally? We got a very positive thing piece of news that's slowly changing that sentiment right and that is the 95,200 vehicles that were able to be delivered Producing 87,048 vehicles Tesla set a new production and delivery record During the second quarter the stock jumped seven percent in aftermarket hours, which is absolutely ridiculous The company delivered 95,200 cars during the three months ending June 30th a 51.1% increase You know over an admittedly weak first quarter and besting its previous quarter of 90,700 Deliveries and if we go down here guys a disappointing 63,000 vehicles were delivered during the first three months of the year when Tesla was plagued by challenges Transporting cars from its factory in Fremont, California across the world as well as questions about waning customer Demand so this is a piece of news now if we couple that with a profit Maybe a couple of consecutive quarters of profit this can launch up Tesla stock Maybe even back up to 300 350 it can maybe explode from here But this is a good first step in my opinion for the the bull case here on Tesla And if we go back and just very quickly take a look at what's going on right here on Tesla stock You know we've completely broken out of that downwards channel that I've been talking about right the 180s May the 50s may they were once acting as strong resistance levels and notice how we're out of those levels of resistance now And we're actually holding them as new supports and now we pulled back from 245 down to about 230 and it seems like Tesla wants to hold this old resistance as a new support at 230 so that's very very good right now. This is something that I'm going to be watching You know for this upcoming week. Maybe Tesla pops from here on this good news Maybe it hits 250 from 234 235 and at that point, you know that could offer a pretty nice trade of about five six seven percent Right and Neo which is which has been deemed by the media the the community out there investors just people in general as The Chinese Tesla this company from my personal understanding They didn't really report anything crazy yesterday. They've simply flown up due to Tesla So it seems like the damper on electric vehicles Affected Neo obviously because they're an electric vehicle maker and Tesla scrutiny obviously affected Neo as well So it seems like since Tesla stock popped, you know Neo stock went, you know pretty pretty high It went like 20 25 percent. I believe from 260 if I'm not mistaken in these past two days And I might be wrong on that action now that I'm thinking about it from 260 up to the high Yeah, it was about 20 percent. So Neo stock is moving in the same direction as Tesla and I personally think now You know if Tesla if the stock continues to do well and the sentiment around the Tesla stock Tesla company the community You know if that remains positive This can flow into Neo and really affect Neo stock and at this point guys Neo It's a bit overbought. You can't really deny that based off the RSI But if we break out of this 180s ma here guys the resistance, you know, this one could be a runner Especially if we break out pull back a bit cool that RSI down a bit if we hold the 180 as a new support You know, we could be in um, that could be a pretty good spot to get in for a trade But remember guys don't buy anything based on my opinion. This is just my opinion Neo is extremely speculative This company can go bankrupt like this and actually just speaking on neo for those of you guys that don't remember A lot of you guys are new to the channel. You probably have no idea But I actually bought neo stock a couple of months ago. I forget exactly what month it was I think it was in between march and april. I was actually buying in at about Exactly five dollars and 30 cents. I don't know if it was here exactly But I was down 50 on my position when it was here at 230 and to be honest with you guys I completely forgot about neo stock until uh, an instagram follower of mine Ended up sparking up a conversation with me yesterday through the dm and I was like, oh, okay Let me take a look at neo and then the next day literally poof 12 percent, right? That's pretty crazy. So, you know, neo I'm down still down like 30 40 percent again But it's simply a $500 investment that i'm completely willing to lose and I don't know why my disc is almost full here So hopefully I still have enough storage to film this video. So that's kind of it in terms of um, tesla And neo guys in terms of my trading today I'm simply just still holding i n t c which is a stock that I swing traded uh from yesterday I ended up getting in yesterday at about 47 dollars and 80 cents as we did bottom out You know on this 180s sumay here. We ended up gapping up today You guys can see there is a bit of a resistance here at 48 50 where I was planning on adding more money today But until we break out of this level of resistance from a couple of days ago I'm not really planning on adding money into i n t c I'm strictly holding it because we are still maintaining that 50s sumay support Which is really attractive. So this is a hold for me right now heading into friday And if we pop up on friday, let's say we gap up 49 dollars 49 20 closer to 49 50 that level of resistance You know, that's going to be a point in time where i'm going to be locking in my profits But in terms of my day trace today guys, I didn't really do much. I simply just you know held onto i n t c I'm up on that position. I don't know exactly how much probably like 1 at this point If we go and see roughly where I got in up until now. Yep It's about 1 1.3 1.4 percent right now up on i n t c. So that is the trading update for today's video guys Taking a look at some other stocks. Let me just pull my little thing over here Honestly guys, you know heading into this upcoming week at this point heading into friday I'm obviously keeping an eye on i n t c. I'm in that position. I want to add more to that 3m ended up doing quite well today bounced on that 50 sma. We're approaching that's 175 level So if this breaks above 175 we could have a runner up to maybe 178 maybe you know 180 dollars per share and you guys can see on the 184 hour chart That is not too out of reach because 178 if we were to test that and break out, you know The next spot would be around 183. So from 175 to 178 That could be a potential swing trade and from 178 up to 183 That is also very possible. What other ones was I watching yesterday and watching today amd That one really didn't do anything today. Obviously tesla and neo These are two stocks that i'm going to continue to watch as they are in the hype of the electric vehicles right now You know, there's a quite positive Positivity surrounding This niche here the companies in that particular market very very good right now Let's take a look down here. You know, of course the inverse etf's natural gas once it potentially breaks into 230 This could be a bullish move on natural gas and above 240 That could be an extremely bullish move and in that case You guys ug az is going to be the etf that i'm going to be playing and in terms of market etfs guys I'm sure a lot of you already know these but heading on to friday and the rest of this month You know, let's say the market continues to rally, right? There's going to be one in particular that i'm going to like to play and this is tqqq guys And i'm sure a bunch of you again already know this but for the new viewers out there tqqq is an etf It's a leveraged etf that goes up whenever the nazdak 100 is going up So let's say for example the nazdak one day goes up 2 percent Let's say the green and the market continues the markets continue to do well You know, this will go up 6 percent It goes three times higher than what the nazdak goes up and let's say you want to track an etf You want to play an inverse leveraged etf that trades based upon the s and p 500 Well, luckily for you there's one that tracks the s and p 500 right and that is sp x l Which actually just hit an all-time high Today or yesterday at about 54 35 and this works just the same as tqqq This one goes up the same or rather three times what the s and p goes up So let's say the s and p 500 goes up 2 1 day sp x l is going to be up 6 percent and let me show you guys right and by the way, it's not exactly 3x. It's roughly 3x right It's not going to be exact in terms of how much higher the spx l etf is going to go But for example here guys take a look 2.24 percent is the move that this etf made today Let's go to the spx and see what it did today 0.72 do sir 0.77 do some math in your head 0.7 Plus 0.7. What is that? That's 1.4 1.4 plus 0.7 That is going to be 2.3 and if you guys see 2.3 Or is that is that right 2.3? No, it's not 2.3. It's 2.1 2.1 and we go back to the x p s or x p s l You guys can see it's pretty much up 2.1 2.2. You guys kind of get the idea right So that's kind of it for today's video guys if you enjoyed it feel free to go down below and hit that like button It really supports me again, and I really appreciate every single one of you guys out there You know smashing that like button subscribing to the channel, you know watching my dumb face every day It really does mean a lot to me. So i'll catch you all in the next video There might be a video on the 4th of july there might not be i'm leaning towards making a pretty interesting video for you guys So keep an eye out for that. I hope you all do enjoy the 4th of july if you do celebrate it If not, I hope you guys enjoy whatever else you're up to i'll catch you all in the next video Thanks again for watching peace out