 What's up everybody, it's Stas here and in this video we're going to be doing an overall market update taking a look at the Dow Jones, the S&P 500 and the Nasdaq. We're also going to be doing a trading update talking about what I personally did today in the markets as well as some stocks and ETFs and I'm watching and looking to trade right now in the month of November in 2019. And as you guys read in the title, we're also going to be talking about NEO stock, the Chinese electric vehicle maker that has been on an absolute tear here in the stock market over these past couple of days. What has caused this and what am I personally doing because I'm sure a lot of you already know at this point, I do have a position in NEO. So if you guys like this video, feel free to go down below, hit that like button, consider subscribing if you do want to see further content from me and don't forget to join our StriveSmart Facebook group, StriveSmart Discord group chat and the StriveSmart merch, all of those are linked down below in the description box. So without further ado, let's get right into it guys starting off here with the SPX, the S&P 500, the 500 largest publicly traded US companies. We can see right now and I am recording this video a bit early with about 32 minutes left in the market but right now the S&P is not really doing much. It's down about 86 cents here, down about 0.03% and if we go to the one day one minute chart to see what's been going on today, you can see it's kind of been choppy, right? We opened up at about 30.78, we popped up, we kind of got rejected by that old all-time high from yesterday, we almost hit another all-time high, right? If we were to go above 30.85 but we ultimately ended up dumping from there all the way down to about 30.72 and again from there we were kind of choppy up and down, up and down for the rest of the day and ultimately we're just sitting where we pretty much opened up at which is why we are really break even pretty much for the day here. So there's not honestly much to talk about in terms of the S&P because again it hasn't really done much, same with the Dow and the NASDAQ but what I'm looking at here is, is this prepping for a potential pullback now for a sell-off because it did fail to pop to another all-time high and because the RSI is overbought, you know it could be, right? It could be setting off for a little bit of a sell-off here, maybe back down to about 30.60 is where it could find support before running back up, right? If we break 30.60, maybe about 30.45, 30.50, maybe even all the way down to 30.26 for a nice healthy correction, that would be at least 1.2% right, yep about 1.5% and if we pull down to there guys, that would be very healthy and I'd probably consider buying the dip on maybe some of these market ETFs that I trade, that trade based upon the markets. But honestly guys, that's kind of my thoughts, right? Anything that's going up, it needs to have a healthy correction at some point and this has been running up very, very aggressively over the past couple of days without a really healthy, without really any correction at all, right? Ever since this pop-up, right? We've had one, two days, right? And really now we're due for that little pullback and even before that, right? Other than this, we've had one, two, three, four, five days in a row of straight run-up then we saw a little bit of consolidation, not even a pullback really and then we popped up even further so I'm looking for that little pullback potentially here on the S&P to get a nice entry point maybe on let's say an SPXL or something, which is a ticker symbol that goes up whenever the S&P goes up, that's kind of my thoughts there. If we go to the Dow Jones Industrial Average here guys, up 59 points, this is doing a bit better than the S&P right now, up .22%. If we go to the One Day One Minute we can actually see on that big spike up that we saw this morning, this actually did hit an all-time high at about 27,560 bucks then we saw the massive sell-off but ultimately this is holding a nice little uptrend from yesterday, right? You guys can see we hit a low yesterday at about 24.10 here I guess technically the low was 24.02 or 27.402 rather but later in the day we hit that low 27.407 and it seems like we're holding that uptrend from that low based on the trend that I just drew for you guys and this is something that I'm looking to see if it holds heading into the market close. If it does close like this, that's going to be a very strong close for the bulls that would be really indicating to me that we may be pushing up further here tomorrow in terms of the Dow but just like the S&P this thing is overbought in terms of the RSI and it could be due for a nice healthy pullback here in the next couple of days. Maybe back down to 27,350,27,400 which we know was the previous all-time high so it would be nice to see if we held that level as a support that could be a nice little dip entry on the Dow Jones. So going to the NASDAQ here guys, very similar overbought right, could be in store for a pullback down to about 81.20, that's kind of where I'm looking at based on this trend line that I've drawn out that was an all-time high a couple of days ago and obviously since we've broken above it we've made that level a new support and if we go to the one day one minute you guys can see not much movement today honestly if anything we're descending based on even the pre-market futures here as you guys can see this was the movement 5AM all the way to about the market open it took a big dump then we popped up a bit but ultimately we're pretty flat on the day only up $5.50 right now up .07%. So overall guys that's kind of what these markets are looking like right now pretty flat other than the Dow, the Dow's up a little bit but still I wouldn't consider that a crazy day or anything and if anything guys this is setting up for a nice little retracement a nice little pullback over the next couple of days or at least that's what I hope right if this thing runs up even tomorrow even more tomorrow you know at that point we're going to be in even more need of a pullback so either way if it happens today tomorrow the next day I do think we're going to see a pullback regardless and I'd love to know what you guys have to think about that down below in the comment section so let's talk about what I did today guys in terms of the market and honestly not much movement today if you all recall yesterday I bought into ATV ticker symbol ATVI which is Activision Blizzard let me pull that up for you guys I bought in there yesterday and if we go to the 5 day 5 minute we'll be able to see a nice little pattern here actually no on the one-hour chart you'll be able to see it better this pattern is what I'm seeing right I'm seeing a very strong resistance at around 56 57 dollars as you guys can clearly see here but I'm also seeing an ascending pattern of higher lows right low at about 52 here next low at about 53 60 next one's about 54 ish dollars and yesterday we actually bottomed at about 54.3 and started to run up from there really solidifying that as a higher low and that gave me the comfort to buy in and I believe off the top of my head I think I got in at about 54 80 roughly right around 54 80 and if you guys watch my video yesterday I told you guys how I actually ended up selling half of my position you know for profits to lock it in right before the market closed and I held half into today and hoping that you know I was hoping yesterday that we would do something like this ultimately let me see if these trend lines work something like this right where we pop above and into the 56 is but ultimately we tried doing that this morning but we failed we dumped here and at this point like I said in yesterday's video which is why I was comfortable holding the shares overnight at this point even though we dumped I was still up on the position because I had that buffer right because I was in already at about 54 80 again I sold half of my position here so even if it sold off I'd still be up because I was already up at the close of the market yesterday if that makes any sense to you guys so even though it dumped I wasn't panicking at all because I was you know again up on the position so from this point guys we found a bottom out about 55 11 I did not sell yet I wanted to see if it was going to find support ultimately it did at about 55 20 and then honestly guys I just took my profits on the rest of the shares I think it was at about 55 40 and let me explain to you guys why very simple it's because they're reporting earnings I believe on the 7th right in the 7th let me just yeah it's on the 7th at 3 30 p.m. central standard time and this company can go up on earnings which would be amazing for me if I were to hold on onto the position or this company could tank on earnings as well which would be bad for me so I figured that gamble that risk is not worth it for me right now I'm up on the position might as well sell out lock in the profit and then wait until after earnings to maybe get back into at V so that's kind of what I'm doing right now just waiting till earnings to get back in maybe because there is a lot of potential up to about 63 bucks on at V we've talked about that a lot but after earnings we'll see what it ends up doing another thing I ended up doing today guys and what I want to talk about and focus a little bit on in this video is I bought a little bit more neo stock to be completely honest with you guys I bought some more neo stock and let's just talk about neo stock in general this is one of my spec positions and I don't advise anybody out there to buy a lot of a spec stock right to buy a huge amount of your portfolio into a spec stock obviously if you want to do that you can do it right but for me I'm viewing this literally guys as a position that is less than two three percent of my portfolio this is a position that if I lost completely I wouldn't be phased by it this is money that I'm willing to lose and you guys know especially for those of you all that have been following the channel for a while I'm down a lot significant on my position in neo I was buying in the five dollars the five dollar range I've actually only bought one time one time at about 550 I put like five six hundred bucks into it and I've been riding it out since down about sixty seventy percent but today and yesterday honestly we got some good news about neo causing the stock to spike and you guys can see it's moving as we speak right now heading into the close which is a very very bullish move here we plateaued at 220 for the majority of the day after that initial run up and now that we're kind of leveling up we're pushing up even further that's extremely extremely bullish so what caused this well we got news yesterday that neo did extremely well in terms of its October delivery numbers and I'm pulling up some stuff here on my phone to read to you guys and here we go Chinese premium electric vehicle manufacturer popped as high as 25 percent Monday afternoon before giving back some gains after releasing October delivery totals investors who have watched shares of neo shed over 70 percent of their value year-to-date finally received some welcome news here's the big number guys it delivered 2526 vehicles in October which was good for a 25 percent increase from a strong delivery in September the impressive totals were recorded despite a seven day national holiday in the beginning of October which is really good actually there guys that's a pretty good thing to think about deliveries broke down to 2220 ES6 models and 306 ES8 vehicles so that's the first big positive piece of news for neo here and how did that affect the stock guys over the past couple of days well take a look for yourselves we've gone from a dollar 50 pretty much we popped all the way up pre-market to a dollar 66 this is yesterday's performance then it ran up all the way to a dollar 86 then sold off to 173 at the close yesterday so overall yesterday we saw again a 20 30 percent increase at one point in the stock then it sold off and then guys today we got a huge piece of news which is why I ended up buying in a little bit of more of neo stock in the stock market and let me read to you guys that piece of news very quickly shares of neo were up sharply on Tuesday on news that the company has secured an agreement to build cars with self-driving systems developed by Intel's subsidiary mobile I and for those of you guys that don't know mobile I let me read you what they are right off the bat mobile I is an Israeli subsidiary of Intel Corporation that develops vision-based self-driving car and advanced driver assistance systems providing warnings for collision prevention and mitigations neo's deal with mobile I has two parts neo will integrate mobile I's level four self-driving system into upcoming models for consumer markets in China and other major territories and these territories they are expected to expand globally which is something really really good and attractive as an investor which I'm an investor in neo stock here neo will also work with mobile I to develop and build a self-driving taxi that will be used exclusively by a mobile I owned robo taxi ride sharing service the taxi will be based on neo's next generation electric vehicles so I personally think this is really really good for neo going into this automation you know self-driving cars robo taxis all that good stuff partnering with a very big company like Intel its subsidiary mobile I because quite frankly guys this stock has been getting battered there's been a lot of bad news about it and the stock price really reflects that right from 1060 it saw that you know that's the price a couple of months ago it's gone down to $1.16 it's been burning through cash like crazy during this period a lot of people were thinking that you're honestly neo was going to go bankrupt after quarter to last quarter they a lot of people were saying they only have a couple of weeks left before they run out of cash so the fact that that you know they're beating on deliveries you know they have this good news going for them getting into this deal with mobile I this made me comfortable to put a little bit more money into neo put a little bit more bring the cost basis down from the mid fives to the mid threes but let me say this guys I'm not looking to add any more money to neo as of now this is a built out position in my eyes because again it's a spec position very small amount of my portfolio and I'm just going to let it ride at this point right I brought that cost basis down on this good news and I just want to watch it and see what it does see if neo executes in terms of really beating on delivery numbers and I want to see how the process and the progress goes with this new deal with intel kind of more details on that so overall that is neo in a nutshell what's been going on over these past couple of months and what's really been driving it over these past couple of days so if you guys have any thoughts on that any comments feel free to drop a comment down below right now and let's very quickly finish off this video with a couple of stocks that I'm watching right now over these next couple of days Facebook being one of them and by the way guys I forgot to mention this in yesterday's video and today quite frankly a couple of minutes ago but I'm also in Facebook right now as a swing trade right I'm holding this one pretty much break even on my shares right now and unless it breaks below 193 I'm going to going to continue to hold this but ultimately why I like Facebook and why I'm holding it is because we're in the channel between 193 to about 205 and how we've really broken above that old resistance and held it over the past couple of days at 193 that being very bullish in my eyes so I'm in this one really you know plan on holding it to about 205 bucks that's where I do have my limit sell right now and I do plan on adding more money if we get into the 198 level 196 197 but until then I'm simply holding and it's just looking bullish to me guys I really like the way Facebook is trading right now you guys is another one that kind of really consolidated today didn't do much I guess you can say 5% is good but ultimately it's gapped up to 20 bucks right overnight pretty much right we gapped up to 20 bucks or 2090 actually closer to 21 bucks we pulled down held 20 bucks kind of you know fiddling around that level for a little bit we broke below it momentarily down to about 1957 but overall if we're looking on this 20 day chart $20 does seem like a pretty strong level of support for you guys so right now my theory like I mentioned in yesterday's video of you guys going to 23 bucks is still in play if it were to trade down to about 19 bucks today that'd be different but the fact that we're heading into the market close we're holding this level that is good for the bulls out here to potentially make for this thing to make a leg up tomorrow that could potentially happen here or maybe on Thursday after that natural gas report depending on what that ends up coming in like but overall this is looking good guys you guys natural gas in general what I'm seeing here it's struggling at about $2.90 if we go to the four hour chart we can see actually no we can't see that maybe on the one year one day chart we'll be able to see it is a level of resistance based pretty much from about a year ago in the March month of 2019 you know that's where we got topped off that at about 2.90 so if we break that that's could that could be a straight shot up to three dollars on natural gas which is kind of what I'm watching at this point and if that happens you guys should have no problem going to 23 dollars so two more stocks really quickly here guys before I do end off the video Roku this one's reporting earnings tomorrow it's worth watching because it's holding that 50 SMA support on the four hour chart at a higher low as well as an old resistance at about 138 as a new support as well so earnings this can definitely fluctuate the stock up or down if they've report good earnings good EPS good guidance especially guidance guys that's super important in driving a stock in terms of earnings reports this could be a good play back up to 150 but the thing is that kind of scares me is this could make the move right after the market or rather right after the earnings report which if you're not already in the stock you can miss the move but then again it's a huge gamble so I'm not getting in before the earnings report you might want to gamble on that and you might you might win big but the thing is you might lose big as well which is why I prefer to wait until after see what they report guidance EPS revenue than make my decision a decision from there guys so another one that's reporting is Disney they're reporting on the 7th I meant to talk about this on Sunday's video completely forgot another big thing about Disney is Disney plus here is launching I believe it's on the 12th or the 13th of this month November which believe it or not guys the time is finally here it's seven days away remember a couple of months ago we were talking about it here and we were thinking on November so far away well the time is here Disney plus is coming earnings are coming out as well and honestly I don't know how this stocks going to react right it's kind of been cooling off a bit over the past couple of months after the initial public release of Disney plus which caused the stock to go up like crazy the path in a couple of months ago right but again since then it's been cooling off so I wonder if we get some press releases you know about the initial release of Disney plus being very very amazing maybe initial subscribers numbers whatever that may be I think this is what could cause the stock to really go up but if we don't really get any big news surrounding that maybe even if we get negative news this stock may be cooling off who knows right it may be cooling off down to the 120s based on the trend that I'm seeing but on the flip side let's say they get amazing earnings on the seventh that could change everything as well right if they crush EPS guidance is amazing revenue is great and on top of that let's say Disney plus comes out kills it right off the bat we get some initial you know the you know positive optimism from the media whatever it may be I'm sure we'll start to see stuff like that that could end up shooting the stock you know very very high maybe even back to the 140s honestly guys and I'd love to know what you guys have to think about that down below in the comments and that's pretty much it for the video right if you enjoyed it feel free to go down below hit that like button consider subscribing if you do want to see further content for me and don't forget all the links are down below Instagram Twitter the StrifeSmart Discord the StrifeSmart Facebook group StrifeSmart merge all that good stuff is linked down below so I'll catch you all in the next video thanks again for watching peace out