 What is going on everybody? It's Stas here. Welcome back to another video. So in today's video, which was actually supposed to come out yesterday, we're going to be talking about the top couple of stocks and ETFs that I'm personally looking to trade, ones that I'm watching here in the second week of June in 2019. We're also going to be talking about a couple of stocks and ETFs that you guys ended up calling out to me either on the comment section from Friday's video and the call-out section in our Discord group chat, or through a DM, a personal message on other social platforms. So like I mentioned guys, this video was supposed to come out yesterday, but I got a new microphone and get this guys. I plugged in the microphone. I thought it was recording and I actually recorded the entire video and I realized I didn't turn on the microphone in the input settings on my computer. So the video was literally 24 minutes long and it had no audio and I couldn't re-record it because I was busy at that point in time. So no video upload from yesterday, which is why I'm doing it right now, guys. So we're going to be talking about all of those different topics. And by the way, yeah, I got a new microphone. Like I just said, let me know down below in the comment section. What do you guys think about the audio quality? Do you notice a difference? Maybe not at all. I would love to know what you guys have to think. So let's just get into it right now, guys. The market's actually open at the point that I'm recording this video. It's about 11 a.m. Eastern Standard Time and the markets are absolutely roaring today. They are roaring. The Nasdaq's up almost 2% here. The S&P is going absolutely crazy. It's almost up 1% on the day-to-day and the Dow Jones is up .67%. And like I said, Nasdaq is doing crazy as tech continues to rebound. And let's just do a quick little market recap from the past couple of days because I haven't really talked about the markets since Friday's video. So might as well do a little recap right now for the new viewers out there, people that don't really know what's been going on. So the past five days, we've been rebounding very heavily across all of the markets, the Dow, the S&P, and the Nasdaq. Or at least the markets that I personally track on this channel. And this is mostly due to a catalyst that we saw last week regarding interest rate cuts, potential interest rate cuts here in the next couple of weeks from the Federal Reserve Chairman. This is pretty big news of a potential cut. And for all you that don't know what this will do, it's pretty much a measure in trying to or an action in trying to stimulate the economy. When the rates are going down, people are more willing to borrow. It stimulates the economy. And it also makes the stock market, as you guys can clearly see, it makes the stock market more optimistic. People want to invest more apparently now that we can see that slight news came out. The stocks are going crazy. So it obviously makes people more optimistic, right? You guys kind of have to see how the markets react to certain things. We get a slight bit of good news here and it shoots up the markets. So it just pumps a lot of optimism at this point in time. But in my opinion, there are still a lot of negative things right now in the markets. We saw a jobs report this past week that was very, very terrible. 75,000 jobs versus 180,000 jobs that were supposed to be projected. We know the trade war with China right now is going on. That's getting worse and worse and worse. And we actually got some more news regarding Trump and Mexico. The tariffs are actually not being imposed anymore because they did end up coming to an agreement. And for those of you guys that didn't know this past week, this was another catalyst to the market falling, not this past week, the week before it, and then the rate news cut came out and that shot the markets back up. And now, I guess today you can say this is also a catalyst in the market going up. And for you guys that didn't know, those tariffs were supposed to scale up to 25% in October and Mexico quickly ran, not really ran, but they quickly got to a deal with Trump regarding the illegal immigration that's been going on for Mexico into the United States. So that's kind of a little market run down right now. Again, the markets have just been crazily going up. And at this point, in my opinion, they are quite overbought. So what am I doing right now that I'm noticing the markets are quite overbought? I'm personally looking at some of these market ETFs that go up when the markets are selling off to in particular here. One, I like more than the other one because it offers a lot more value. And my personal opinion, and the index that it tracks, which we'll get into right now, is very overextended. And the index that you're looking at is the index that it tracks, which is the NASDAQ here. So tech has been going absolutely haywire. We've seen Apple, we've seen Facebook, Amazon, Google, these stocks have recovered Microsoft's hit an all time high, these stocks have gone up an exorbitant amount over these past five trading days. Bringing up the tech heavy, or bringing up the tech heavy NASDAQ index here, about 7% at this point. If we go to the five day, five minute, you guys can see from about 7,000, if you guys look literally last week, we were at $7,600, literally seven days ago on June 3. Now we're up 7.4% from that point in time in the matter of five days in the index. That's crazy. So I'm watching SQQQ, which is an ETF, a three X leverage ETF that goes up whenever the NASDAQ is selling off. So if my theory here of the market cooling off potentially plays out SQQQ, which has a ton of margin of profit opened right now, about 22, 23%, this is going to recover and rebound pretty strongly. And my goal in that particular situation would be to day trade it and grasp a pretty strong trade to the upside at that point. If the markets do see a sudden drop, a sudden sell off over the next couple of days, not saying it's going to happen right now today. Who knows guys, but it will eventually sell off a bit and this will see that spike. So this is what I'm watching. And for those of you guys that don't know, this one moves three X in the direction of the NASDAQ going down. So if the NASDAQ sold off 2%, this will be up 6%. So the other one I'm watching, it relates to the S&P is the SPXS ETF. This is very similar to the SQQQ ETF. The only difference is it tracks the S&P 500 instead of tracking the NASDAQ. So SPXS, it goes down, or rather the SPX, the index, the S&P 500 goes down 2%. SPXS is going to be up 6%. That's how it ends up moving here. So this is one that I'm watching for the potential reversal in the markets for the cooling off period that we may be seeing here in my opinion over the next couple of days. So those are two market ETFs. They move quite volatile because the markets have been quite volatile. So be very careful about these. Don't just buy them or trade them simply because I'm personally doing that. You need to understand for yourself and do your own research when it comes to trading these ETFs. So a couple of stocks that I've been getting a lot of questions on regarding, they're really stocks that have been getting affected heavily by the trade war. One of these being Alibaba and the other one being Apple. So we've noticed these two have actually rebounded very strongly over these past couple of days ever since the rate cut announcement and ever since the markets in general have just been going up very aggressively. So at this point Alibaba is looking very very nice. You can't deny the fact that the technicals on this one are looking very nice. We notice how we've broken out of the 50 simple moving average resistance here on the 180 day 4 hour chart. That's a very good sign of a reversal. Over the past couple of days we've been making higher lows. We pushed to a higher high right now. That's a very good sign of an uptrend pattern forming. So Alibaba at this point is looking very good, but the one thing that I'm not liking about it right now is the RSI is overbought. It seems very overextended at this point and an end in need of a pullback. If we do get the pullback and we retest maybe at 156, 157, that will bring down the RSI at a very healthy spot and that could open up a nice entry point for a trade. But one thing to be cautious here guys, very cautious actually, is if this trade war, if we get some news that's negative regarding the trade war, this can very easily swing down these Chinese stocks again. So if you're looking to get into Alibaba right now as a swing trade, I'd just be cautious and I would really understand the impact the trade war has in Baba. So if let's say Trump tweets something, this stock can go down 5% if it's something negative involving the tariffs with China. Let's say he bumps up the tariffs on some other goods. This can very easily drop some of these Chinese stocks and the same thing goes with Apple. And kind of the market in general right now, since it's rebounded so heavily, if the market pulls back itself, the NASDAQ, the Dow, the S&P, this can influence the Baba as well as well as Apple and a lot of these stocks that have been going up like crazy this past week, they can also end up toppling back down. So that's kind of scary for me right now and Alibaba, I don't really want to get caught in a trap. Who knows, the market could be setting us up for a trap right now, which is something that I'm being cautious about. So Alibaba at this level, don't get me wrong. Long term, I love Alibaba. I really, really do love it. The growth rates on the earnings per share year after year, the revenue year after year, it's unbelievable. This company is growing like 40, 50% year over year. Some years a lot more than that. And this is a company that's like 500 billion in market cap and they're still growing at this rate, which makes me believe this growth rate is going to continue five years from now, which in turn will turn the stock price a lot higher than it is right now. So for a long-term investment, I love Alibaba, but short-term right now, I still think there's a lot of tensions with China, the US that could still fluctuate these stocks, which I'm being very careful on. And the same thing with Apple, right? A lot of questions today and over this past week about Apple, it's very overbought. We're trending right under the 180 SMA resistance as well as under a 195 level of resistance. The Nasdaq's been going crazy. I think it needs to cool off. If it does cool off, this stock will most likely see a cool off period as well, dropping it from where it is right now. And this is something that I wouldn't really hop into me personally right now. And all the technicals are just not looking too good. At this point, this would just be a FOMO trade for me, which is something that I avoid, fear of missing out. Literally, this is a point in time where if I got in, I'm literally hoping that it goes up more, which is A, a bit irrational. And I'd be hoping like, okay, I hope I can grab some more things here, profits here before missing out. It's just not something that I'm personally into doing here in terms of my trading style. So those are Apple and Alibaba. Another one that I've been getting questions on is 3M, which has actually been recovering very nicely as well. And you notice the trend here amongst these stocks, guys, these stocks have been recovering because the market has been recovering. So this could be a trap or this could be the reversal to all-time highs again. I don't know. Nobody out there really knows. And if they told you that they know, they're lying to you guys because no one can predict the future, right? But all we can do is predict what we're seeing from these technicals and what we see from past price movements. So we bottomed out at 160. And again, we've been recovering as the markets have been going up. Notice how 3M as well is very, very overbought. We are breaking out of that 50 simple moving average resistance here, which is very good. But a negative thing is that 3M gets a lot of their sales from China, like 20% to 30% of their sales, which means they have a lot of exposure to China. So this trade war, the trade issues right now, this is going to affect 3M stock price and company as well, which is why if you're looking at a short-term trade that, that's very, very difficult because it can swing up, it can swing down and be very, very volatile, which makes it difficult to predict, right? If you try to swing trade a company that has no business in China, that would be probably a bit easier, right? But these are very, very tricky. 3M, Baba, Apple, especially these past couple of weeks. So that is kind of what I'm looking at for 3M. A crude oil player right now is slowly setting up. We're noticing a potential breakout here on crude oil above this 50 simple moving average resistance. I did talk about this in yesterday's video, last night's video, but I didn't end up uploading it, obviously, because of the mic situation. But I'll just talk about it here again, obviously, because it didn't get out to you guys. But crude oil has been rejected by this 50 SMA over the past couple of weeks here. Notice how the rejection here, the rejection here. And now we're at a point in time where two things can happen here. If we break out of that 50 SMA, that's a very bullish move on crude oil. We may be going up from there. Let's say we slowly get rejected here. Let's say the market start to dump, although they're not completely correlated to the market, you guys can see as the market sold off, crude oil sold off as well. So let's say market sell off, that could trigger a sell off on crude oil as well. We start to dump getting rejected by the 50 SMA. That could be a bearish sell off sign. So two ETFs I'm watching are DWT here and UWT. DWT is going up whenever crude oil is going down at a 3x rate. So if crude oil sells off by 2%, DWT is going to be up 6%, right? 3x rate. UWT is going up whenever crude oil is going up and it goes up 3x and whenever crude oil is up 2%, UWT is going to be up 6%, right? So the breakout here above the 50 SMA on UWT would issue a breakout signal in my personal opinion. So I'm watching those two very closely. We're talking, or we did talk about gold in yesterday's video, but I didn't upload it again. So I figured why not talk to you guys about it right now. Gold ended up selling off from 1350 down to 1330. This is a level where it seems like it's holding as of right now. We're down about 13 points on gold, down about 1%. We got the pullback that we needed because we were very overheated on gold. The RSI was extremely overbought, got that pullback. So this could be a time where we might continue running up here on gold. But let's say we end up breaking the support, start to get into the 1320s level. We may be going back down to 1320 and potentially retesting that 50 simple moving average that you guys see here right now. Let's say we break that level, that's going to be pretty bearish in my opinion. We might be going back down to the lower 1300 levels. So if we hold 1330 here, guys, JNUG is going to be great. In my opinion, it goes up whenever gold is going up. Let's say we break that 1330 level on gold. JDST is going to be one that I'm watching. As you guys can see, it already gapped up today. It's up 7%. This may continue. It's a little up rally here if gold continues to sell off. So those are a couple of ETF combos that I'm watching, some market ETFs, some overall stocks. And guys, I'm just looking to see if this market rally is going to continue. Honestly, I don't know if it can keep it up at this pace, moving to 1%, 2% every single day. It's going to cool off. And I want to see in particular, if the tech sector, if these tech stocks, like Apple, Amazon, Facebook, are these going to cool off because they've been going absolutely bananas. And you see all of them are over bought right now. So it worries me. I don't want to get caught into a trap here. And I'm just going to be patient for a lot of this week, guys. Already today, I haven't seen much action in my portfolio. I'm pretty much just playing it safe at this point. And some other stocks, Tesla, Tesla's been the talk of the town recently, Tesla, TSLA. That one's up another 6% today, up another $11. This one's up almost like $40. Yeah, $40 in the span of a week. This one's really hot right now. This one's really overbought. We're getting to that 180 SMA resistance here, which if we break out of that, that can be a huge reversal on Tesla. But like I mentioned in a bunch of my videos, guys, the narrative on Tesla right now is very negative. Media doesn't like it. Analysts are downgrading it. Somebody in the media was saying an analyst was saying $10 stock price on Tesla. That is very, very negative. And when people out in the markets, retail investors, regular Joe's, traders, professional investors, whatever, people hear this stuff and they take it as being true and the stock just gets battered down and down and down. Even if the news, even if the media, what they're saying is not completely true, people do listen and take what they say as being 100% true. So now the stock is pretty much just recovering from a much, much needed recovery because it was beaten down so bad. Now I'm just looking to see what we're going to do at this point. I think if we see a positive narrative change here, let's say a good earnings report, production numbers, Shanghai factory numbers, some of these future numbers, if they start to get impressive, if they start to grow, maybe they turn a profit, that can change the narrative on Tesla in the next couple of quarters. I'm really excited to see how that ends up turning out. So that's pretty much it for this quick little update video. What I'm watching for this upcoming week, guys, it's a lot of me just being patient and seeing what the market is going to do. So I hope you all enjoyed the video. If you did, feel free to hit that like button, drop a comment down below, subscribe to the channel if you haven't done so already. I'll catch you all in the video later today. Check out the YouTube passive income video if you guys want to see a further channel announcement, in my opinion, on the YouTube passive income model. What do I think about that? I'll catch you all again in today's later video. Peace out, guys.