 What is going on everybody it stops here welcome back to another video so in this video We're obviously going to be talking about the craziness that went down today in the overall markets But before we do talk about that I want to reveal the giveaway winner from yesterday's Christmas giveaway and pretty much how I ran this guys was I wanted you to comment a random number from 1 to 100 in yesterday's video and I actually had 75 around 75 people join that giveaway, which is absolutely crazy guys I didn't think that many people would do it But hey who doesn't want an extra $25 right and let's get into what my number was and we actually had two people guess This exact number, but we're gonna be picking the first person that guessed the number because that's the only fair way to do It and we're gonna show you guys I'm gonna show you guys right now the number that I wrote on my whiteboard before uploading that video and it was boom 37 37 so let's hop into the computer and let's see who won the giveaway So we can see here in my comment section How many people actually did join this and like I said guys we had about 75 80 people will join this giveaway and you know thanks to everyone that joined it again and wishing me a merry Christmas Merry Christmas to everybody out there that did join the giveaway I really really appreciate it and we can see just how many people were in this so let's see who guessed 37 first we're gonna see someone right here. I believe guess 37 But this was the second person that guessed it you can see here Jalen pal 37 I believe this came about about like two hours after the first person guessed 37 and we can see it was right here Steve Sallick 37 if you're watching this Steve, please please please drop a comment on this video Shoot me a message on Instagram or discord. However, you want to contact me, you know my email We can get that money to you I'll get that money to you as soon as possible once you contact me and I believe Roberto actually He guessed 38 literally once I uploaded the video so Roberto you were that close man You almost got it, but one one point shy there So Steve Sallick again shoot me that DM and I'll get you that $25 as soon as possible And let's get started with today's video so like many of you guys should know by now the Dow Jones had a 1000 point day $1086 and 25 cents to be 100% exact and this is the biggest increase that the Dow Jones has ever seen On a single day so 1000 points today Absolutely ridiculous the markets were on fire 5% gain for pretty much every single index. We see the S&P 500 here It was up about 116 points 5% on the close and we can see here the Nasdaq futures guys They performed absolutely Ridiculously well today. We see today guys at about 9 a.m. You know the Nasdaq was at about 5,880 dollars and we shot all the way up to about 6,200 and about $75 literally guys today the Nasdaq had a 6% Day so ridiculous movement guys we talked about you know potentially having a bounce back day today Due to the bloody week we had This past week, you know Christmas Eve was very bad the whole month of December has just been very bad in General and you know a bounce back day today wasn't too out of the question, right? We were talking about this pre-market hours, you know, I was thinking this yesterday You know in my analysis and I talked about it in one of the previous videos that today We could have had a bounce back day But did I think it was going to be this big of a bounce back day? Absolutely not. I figured that we were going to have maybe a 200 300 point day in the Dow Jones, you know Maybe a 20 30 point day in the S&P maybe like a 75 100 point day in the Nasdaq and clearly guys That got blown out of the water and let's take a look deeper into these technicals on the Dow Jones the S&P 500 and the Nasdaq so we can see, you know, where can we potentially move? Next so the Dow Jones here guys again the chart is showing lower highs lower lows again The previous this previous couple of weeks in December have been ridiculously bloody We can see these charts these candlesticks are showing rapid a sell-off Meaning that you know when we see the charts falling this quickly this could indicate some panic selling We've been talking about this guys, you know in the markets We've seen you know the Dow Jones go up 300 points, right? And then we've seen it swing all the way down to about minus 600 and literally these are Situations where we see a lot of panic selling coming in and by panic selling I mean literally within an hour hour and a half the Dow Jones can be up 300 points and fall down 500 600 700 points and a matter of an hour and a half two hours It's literally happened in the past couple of trading weeks and this just You know this just shows how scared and how you know uncertain the market is Right now and literally guys today. We saw the exact opposite instead of falling 700 points today The market reacted very nicely to I personally think what President Trump said and we're gonna look at an article here on Yahoo Finance in a couple of minutes and President Trump even tweeted today to buy the dip And this is something that is very Influential on the stock market it has a huge influence and by influence I mean President Trump has a huge influence on the stock market, especially with his Twitter, right? This is something that we didn't experience with Barack Obama as president But now that Trump is very active on Twitter, you know when he tweets something positive when he tweets something negative This tends to have an impact on the market And I think today guys what he tweeted by the dip and you know, whatever he tweeted fully in that tweet um This really caused the market to shoot up as much as it did today Maybe it wasn't the sole reason, but I personally think it was a pretty you know big reason and again We've been selling off like crazy and this bounce back was due it was in store And you know my long-term portfolio guys today if you guys could see it It was ridiculous, right? I was up so much on my positions because Facebook and Apple had Ridiculous days if you can see down here guys my head's probably in the way But Apple had a $10 day and Facebook had a $10 day. So that absolutely crazy guys so I can't complain but You know, let's just take a look deeper into what these technicals are telling us So remember those supports that we were talking about on this three-year one-week chart Will the Dow Jones successfully bounced at that 21,600 to $700 support We can see that here guys buy this candlestick and literally bounce their shot up 1,000 points to where we at We are at right now at 22,800 so, you know, don't let this fool you guys Don't let this one green day in a row fool you and make you think that we have a ton more a ton of more Green days in store because if we take a look at this 180 day chart we've seen Situations like this happen over the past couple of weeks and I want you guys to you know approach this with caution I'm personally doing that as well and to not let to not let the chart and this huge push up this huge gap up You know fake you out because this has happened before take a look here You know it hasn't happened to this scale obviously, but we've seen major pushes up over the past couple of weeks You know followed by bigger sell-offs. You know we saw a big push up here We followed followed by a big sell-off right big push up here followed by an even bigger sell-off So, you know if we do have another green day tomorrow, you know, that would be good But again, I still wouldn't want to get faked out meaning that if we do have a green day tomorrow I wouldn't be surprised if we you know started to sell off to make another lower low because again I still think there's downside in the market. I'm not letting this green day fake me out meaning that me I'm going to be buying into swing trades right now going for a couple of weeks in some of these stocks I'm not going to be doing that quite yet because I want to see You know some more You know market push up and I want to see a further break out of this downwards channel that we're in Before even considering taking swing positions, right? I haven't been taking many swing trades over these past couple of months pretty much since the beginning of October because This market that we're in is not really suited for swing trading, right? It's more of a day trading environment right now in my personal opinion And that's what I've been doing and sticking to until we see a break out of this resistance potentially, you know Right here. I'm not taking any swing trades on any stocks as of right now Obviously, I'm buying in my long-term positions. That's nothing new, right? I talk about that on this channel all the time, but in terms of swing trades guys I'm not really doing that right now. I'm not really taking part in that and let me know what you guys are doing Drop a comment down below. Let me know what you guys are doing So very similar to the Dow Jones the S&P 500 bounced on the support at around $2,320 a little bit above that actually guys right around 2350, but it's around that same general area of this support from back in April of 2017 so we talked about how the Dow and the S&P they broke below the supports from this past February and March of 2018 and now we're testing supports from about a year and a half ago So the fact that we broke above there or held above there rather and we're holding this channel or This trend line rather on this 20 year one-month chart That's a very good sign for the S&P 500 because like I mentioned in previous videos This trend line right here is a very very critical point over the past 10 years since the 20 2008 recession and the support that we are at right now again that we see on the three-year chart Very important as well So the fact that we're holding above the 180 SMA right now on this three-year chart Very good sign that we are pushing up in the S&P 500 But again, don't let this fake you out guys. We could end up selling off even more We just have to see what happens and always keep an eye on the pre-market futures Pre-market, you know large cap stock movement That is very very important in dictating where the overall market is going So I could see another green day or two out of the S&P, but again I wouldn't be surprised, you know if we did end up selling off in the next couple of days because I think there's more red to Come in the markets. I've been talking about this because you know, it's just because the market shot up today Doesn't mean that we've solved any problems. Doesn't mean that the trade war is you know resolved Doesn't really mean anything, right? You know if the market did shoot up from what Trump said, you know This this news can be very quickly forgotten, right? This could be a very short-term thing Trump shot the stock market up one day. We've seen this happen before, right? This could just be very short term to where it goes away in the next couple of days And then we start to sell off again, you know I would not really be surprised if that is what happened and again We got to keep an eye on the large caps pre-market and the futures for these are you know major indexes and again You know just keeping an eye on the movement and it really just to decide what we're going to be trading for the day So the NASDAQ right now guys, this one's actually had a very critical resistance on this 184-hour chart right under this 50-day Simple moving average so in terms of the supports from a couple years ago on the NASDAQ We held above the $6,000 support right here from back in October of 2017 So very good sign, you know very similar to the Dow and the S&P we broke that support from back in March and February of 2018 and now we're hanging above the $6,000 one We obviously, you know bounced above it. We're at 6,200 right now in the Dow Jones and again That's a very good sign because that is a technical support very important support for the NASDAQ But again, just keep an eye on this You know resistance here on the 180 chart because that has been a strong resistance over the past couple of months Especially since we've started to sell off in early October So if we do end up breaking out of here guys, especially the 50 and the 180 S&P that could be a reversal pattern For the NASDAQ do I think that's going to happen guys, you know, not really because I think there's more red to come But you know if that does end up happening We start to see some more positive news out of the trade war Maybe some more positive news on the global economy growth of companies Hey, you know, this could be the reversing spot of the overall markets But again very slim chance in my personal opinion because nothing's really been resolved You know, there's still a bunch of tension and just overall uncertainty in the market So just keep an eye on the potential sell-off in the next couple of days Maybe even tomorrow or the next day Depending again on what the futures are looking like tomorrow and the large cap stocks So so just to look at this article very quickly, you know We can see the Dow had the biggest single-session point gains on a record on Wednesday You know, we talked about the S&P increases shares of tech tech giants for some of the biggest gainers You know, we saw Amazon did very well today Microsoft did well Apple at a $10 day Facebook at a $10 day Netflix did very well Google did very well pretty much all the fang stocks today did Absolutely Incredible right they did absolutely Incredible excuse me incredible. So stocks are currently trading in a seven-day period that often brings a so-called Santa Claus Rally so an annual window during which equities Tend to rise the event takes place during the last five trading days of the year through their first two trading days of The new years investors are continuing to digest commentary from President Donald Trump Who told reporters at the White House on Tuesday that he thought US companies were having record kinds of numbers and that is now a Tremendous opportunity to buy stocks amid the months long Long downturn. So this is another thing that could have pushed up, you know The markets today at current levels the price to earning ratio of the S&P 500 is just above 13 times earnings per share for the upcoming week giving US equities the most Interactive valuations in about five years and I believe the the PE I don't know about the forward PE but the PE of the S&P 500 was about 21 before this whole, you know You know the whole crash quote-unquote crash 15-20% drop that we've seen Trump also said that he has confidence that the Federal Reserve will get it pretty soon When it comes to interest rates, this is a very good sign as well So these are a couple of things that you know Trump said that could have put some more belief Could have put some more hope quote-unquote in investors minds shooting up the markets as much as they shot up today So now let's quickly talk about what I traded today and my trading day today guys. Believe it or not was not very good I traded DWT in the morning took a 1.5% loss on that trade. I also traded TV IX took a small profit But left some shares on the board ended up breaking even on the rest of those shares And these were all these trades were all made within an hour and an hour to an hour and a half two hours Into the market and obviously guys we didn't see an upswing until right around when I got done trading at about 11 o'clock A.m. About an hour and a half two hours into the market That's when we saw the ridiculous upswing in the Dow Jones and you know pretty much guys if I were to hold or if I were to held You know DWT from where I traded it. I would have lost 25% So this is a prime example of setting stop losses So I got in around $19 guys set a 1 1.5% stop loss on DWT obviously ended up hitting that right and we lost another 20% In DWT today, so if you're a beginner trader guys This is a prime example of why you should be setting stop losses religiously right religiously because this would have wiped out a Quarter of your position if you're using your whole entire account in one trade You know that would have wiped out your your a quarter of your whole entire account And I don't recommend you know using on your entire account on one trade Scaling into positions is always the way to go especially if you're a beginner, but you know if you did this guys If you did not set a stop loss, you would have lost 25% But if you did set a stop loss you would lose 1.5 2% 3% depending on your risk Tolerance, so I lost 1.5% there on the TV IX trade I got in at around this this little dip right here At about $79. I believe and 40 cents was my initial position added a little bit more money here Sold off at this resistance here as I noticed it was making a double top formation Took some profits there kept some shares on the board on TV IX That was a complete mistake that I ended up just breaking even on those shares and obviously, you know We tanked pretty hard in TV IX as well We lost about 12 to 15% on this ETF today and overall guys, you know on this trade I made about what did I say like I was in at about 79 75 average ended up selling off here at about 2% Profit so on the day guys, I made about 2% On TV IX on my first batches of shares ended up breaking even on the rest that I kept on the table So that's a 0% 2% and then I'm lost 1.5% so on the day guys 0.5% Profit on the day on the capital that I used and you know, this is something that Maybe a lot of you guys would be like wow This guy made 0.5% on a day when the markets were up this big But you know, I'm not really stressing it guys because again, I'm trading from about 930 to 12 So I kind of missed that big upswing from about 12 to 4 I could have hopped onto my computer, but I was doing some other projects on the side So I was not really able to you know, trade that big upswing, but my long-term portfolio I'm sure a lot of you guys's long-term portfolio is looking absolutely fantastic today. Mine did very very well So the gains that I made in my long-term portfolio, although they're not technically profits But the amount of money that I made and percentage that I made on that just trumps what I made today on trading So that's why I'm not really like mad that I didn't do too well today But you know, it's a learning experience as always guys You know, I couldn't made a lot more money if I were at my computer If I did catch this big spike in the Dow the S&P in the Nasdaq, but I'm not sweating it I'm not stressing it because there's always another day There's always tomorrow and you know, I'm just gonna focus on the future instead of dwelling on past trades I'm gonna put those in the history books move on and plan tomorrow and trade where I'm going to trade tomorrow So that is what I ended up doing today in terms of my trading TV IX and DWT so in terms of what I'm gonna be doing tomorrow guys very simple I'm gonna be watching large cap stocks pre-market hours and the futures to see what direction We could potentially be moving for the day or the pre-market future is gonna be showing Another green day. Are we gonna be having a pullback day tomorrow? Right in my personal opinion guys? If the market futures are showing that they're green and like up 1% pre-market We could have a bounce back day tomorrow again But if the market futures are showing that we're down one two percent, you know We could have a we could have a red day tomorrow following this massive Green day that we had and it's all about playing it by ear seeing what is going on pre-market And that'll really help you in terms of trading and what stocks to trade So if we do have a red market tomorrow guys expect drip DWT, you know, what else, you know drip and DWT Especially to have very solid bounce back days because I don't know if you've realized this but crude oil Not that it correlates exactly with the markets But you know when crude oil is going down typically the markets are as well And you know over the past couple of weeks, we've seen DWT do very well Pretty much from the beginning of you know October we can see this from the start of the sell-off in the markets DWT has been shooting up a ton So now we're holding above the 50 SMA on this chart and you know, this could be a bounce spot for DWT Especially if crude oil sells off tomorrow if we have an overall red day as well as the market ETFs TV IX TQQQ SQQQ and you know if we do continue to have a bounce back day tomorrow in terms of a green day I'm going to be playing TQQQ If we have a bounce back date tomorrow in terms of a red day going down in price in the overall markets I'm going to be playing TV IX and just like DWT guys. I'm looking to potentially play drip drip was down 31% Today guys from the peak of $27 and 50 cents Literally it dropped 31% so watch out for a bounce back play on drip ticker symbol D RIP Potentially tomorrow because again just like DWT this one tends to go up when the markets are selling off They don't directly correlate right but we can see from the beginning of the market sell-off in early October This one has gone up from $5 all the way almost to nearly $30. So what an increase in drip guys This could be a very good play tomorrow if the markets sell off and if XOP in general Which is the ETF that drip correlates with directly sells off as well So if that you know if we do see a sell-off tomorrow guys I'm going to be playing TV IX and SQQQ and obviously drip DWT and if we see a bounce back day again tomorrow I'm going to be focusing mostly on TQQQ Q You know gush UWT and all these tech stocks and large cap stocks that we talk about on this channel So I don't want to drag this video on too long if you enjoy the video Please feel free to drop a like leave a comment subscribe Follow me on Instagram and Twitter and join our discord group as well as our Facebook group All those are linked down below in the description box. I hope you guys have a great day great night. Peace out