 What is going on everybody? It's Stas here. Welcome back to another video. So in this video, we're going to be talking about a market update. What happened today on the 7th of December in 2018? And we're also going to be talking about two trades that I made today as well. But before we do get into the topic of today's video, for all of you new viewers out there, my name is Stas, 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 that want to learn more about that, feel free to drop a like, leave a comment, subscribe, and follow me on Instagram as well as on Twitter, and join our Discord group chat as well as our Facebook group. All of those are linked down below in the description box. And if you guys want to be in contact with me and 320 plus other investors and traders, I highly suggest you join that Discord group chat guys. We're talking about trading, investing, you know, networking with each other, talking strategies, stocks, news, pretty much all day, every single day. So again, all of those are linked down below in the description box. And I highly suggest you guys get into that Discord group chat if you guys want to be a part of the community on a different platform, because we're all super, super active in there and super helpful. I just love the way, you know, the whole group chat is panning out. It's absolutely phenomenal. So, you know, let's talk about what happened today on the 7th, Friday, December 2018, in the overall stock market. We do see here guys, we're going to talk a little bit about Apple, you know, we do see Apple fell into the $160 price range right now, which is absolutely crazy. In my personal opinion, guys, it's down almost 30, oh my God, it's down about 35, what is that, about 35% from the peak at $233. So that's super interesting in my personal opinion. I've been building my position in Apple over the past year and a half. So, you know, I'm viewing this as a buying opportunity. But before we do get into that, let's just take a look at what happened today in the overall stock market. So, let's just take a closer look here at the Dow Jones on the 180-day 4-hour chart. So, we noticed guys, you know, the Dow Jones' pattern is telling us a story. It's telling us, you know, this index is making lower highs, right? It's making lower highs here and here, and it's pretty much trading in this little, you know, from this support at about 24,500 up to about $26,200. And today, guys, we saw a 560-day red day in the Dow Jones down about 2.24% on the day. And if we take a little bit of a closer look on this one-day 1-minute, guys, you know, we pretty much erased all of those gains that we saw in the rally from yesterday. So, for those of you guys that have not been paying attention to the overall markets recently, let's just take a look at this 5-day 5-minute. So, you know, we saw the big sell-off from here at about 25-8, right? All the way down to 24-200 yesterday. And then we saw a huge rally in terms of the Dow and the overall markets, you know, from midday yesterday up to the close yesterday. Literally, the Dow rallied about 700 points from this low to the close of the day. And we pretty much got rejected by this 180-day simple moving average on this 5-day chart, you know, in the morning as we opened up at around $25,000. And from there, you know, we pretty much erased all of our gains down to about $24,300, which is acting as a support level, I would say, as of now for the Dow Jones. So, you know, a lot of these market ETFs were flying today, guys. I know TVIX was absolutely on fire today. It was going bananas, you know, a bunch of these other inverse ETFs that I'm going to talk about were going absolutely crazy as well. And you know, what to wait for in terms of Monday, guys, let's take a look at this 180 again. So, we noticed that the Dow is by that support again at about $24,400, $24,500, pretty much right around here where this trend line is at. So, I would wait and see if we do break below this, guys, because if we do, that is going to be the, you know, the confirming factor that we're officially on a downtrend, or we're pretty much resuming the downtrend because, you know, we've been talking about how Dow has been holding above here $24,500 and holding above here at about $26,200. And although it's been making lower highs, it hasn't really been making lower lows because it's been holding this support. So, if we do break below here, that's going to be the lower low that we need to really confirm the downtrend and really just, you know, analyze and see that the Dow Jones is, you know, fully downtrending in price. So, what we're going to see, guys, in terms of my personal opinion is we might see a little green day, you know, next week, maybe Monday, Tuesday, Wednesday, and then we might push back down and then break below that support. And, you know, we could also open up on Monday right again, which is going to put us right under that support, breaking that support and pretty much continuing that downtrending pattern. And if we break below here, guys, like I said, that lower low is going to be made. And, you know, that's going to be not too good of a sign for the Dow Jones. And if we take a look here at the S&P 500, guys, we're at a support at about $2630, very similar pattern to the Dow Jones. We're holding that support pretty much heading into the close today. So, what I'm going to be waiting for on Monday is I want to see if we're going to break this support and then start to make a lower low to continue the downtrend for the overall S&P 500. But, you know, we've talked about this in previous videos. The S&P is more of in a horizontal pattern in my personal opinion from what I can draw out from these technicals more than, you know, the Dow Jones. So, you know, but they're both in the same situation where if they do break below their supports, the downtrend is going to continue since that is a lower low pattern formation for the two indexes. So, overall today, S&P down about $63, down about 2.3%. So, the NASDAQ guys got absolutely hammered today. So, we got rejected by the 180 Simple Moving Average that we originally broke above, which was initially a good sign. But the fact that we broke below it now, you know, we got rejected below it again and we had a very strong nearly 3% red day on the NASDAQ. You know, all signs are pointing now that the NASDAQ is going to continue to push down and this is mostly because, again, Apple guys is down about 35% from $230, the peak that we saw a couple months ago. And Apple has a huge weight on the NASDAQ and a huge weight on the entire stock market since it is one of the biggest companies out there. And since they've been performing very poorly on, you know, in terms of their stock, right, this is dragging down the stock market, dragging down the NASDAQ. And I do see some further downside, you know, 100% downside in my personal opinion, you know, for the NASDAQ and the overall market is just judging off of a technical perspective. And of course, we have all the China trade, trade war news, you know, the tariffs, Trump, Trump, China, the interest rates, you know, bonds, all of these different things, you know, are really pointing towards economic downturn right now, you know, the growth rates are slowing in the companies. A lot of things are going on right now. There's a lot of uncertainty out there. And I talk about this a lot, the stock market, people in general, they do not like uncertainty. They like to know, okay, there's no trade war, there is no, you know, problems with Trump and other countries, you know, there's nothing in terms of signaling weakness in the economy like the bonds could be right now. And, you know, that's what the market likes. And right now, we're not in that state. And, you know, that's why I think there's going to be a lot more downside in my personal opinion. So now that we looked at that, let's just briefly talk about what trades I made today. The number one trade I made today was in ticker symbol DRIP. And this was actually a pretty big trade for me. And I was calling this one out in the group chat really early on today, when it was at around $10, I believe it was at about $10.30, $0.40, roughly when I started to follow it. And actually, before I took this drip trade, I was actually in Gush, which I ended up taking a very small loss on, literally like a 1% loss. And I'm going to show you guys where I ended up getting into Gush and where I ended up just cutting my losses very quickly before hopping into drip, and then making about 6%, 7% on my drip position. So the fact that we opened up here at about $15.30 in terms of Gush sold off all the way here to $14.88. And then we popped up above this 50 SMA and then the EMA line. Eventually, that really gave me the sign that Gush could potentially be reversing here. And I jumped the gun because I got in once we broke above this resistance. I thought this was a little good entry point right here. I believe I got in at about $15.60. I really got in a little late. This was my mistake, guys. And I make mistakes all the time. I'm not really afraid or ashamed to admit it because we can learn from my mistakes. And that is the reason why I made a mistakes channel in the Discord chat so we can all share our mistakes. This one was one of my mistakes. So I kind of got in a little bit late on this Gush trade, right? We could see the RSI was a little bit overbought. I kind of had a case of fear of missing out on this one, guys, because I saw it was running up at this point that markets were actually green. I think the Dow was up about 130 points. The S&P was turning a green note there. And Nasdaq was turning green. And I took a little trade here at about $15.60. We popped up here, ended up popping below here. And I ended up cutting my losses at about 1%, literally a very small loss. It didn't even have time to hit my stop loss because I cut my losses on myself before it hit the stop loss. So took the loss there. And then I went over to Drip. And I actually ended up getting into Drip at about $10.72. So we saw the big sell-off in Drip as Gush was pushing up early on, saw the consolidation here. And really what made me want to get into Drip was once we broke above this 50 S&P, we started to push up pretty strong. So I actually took my position here in Drip at about 10.72. And from 10.72, I actually wrote it up all the way to about $11.27. And again, guys, just like my previous Drip trade, I left a pretty big chunk of profit on the board, right? But I'm always that type of person that locks in their profits. I don't get too greedy. And I try to aim for my 3% to 5% goal. And from 10.72 up to $11.27, let's see how much percent I made on this trade. I believe it was about 5%. It was about 5%. From 10.72 up to about 10.27, that's literally the exact price that I got in and that I sold that. So that's 5% right there. And I took a 1% loss on Gush. So total for the day in terms of my trading was about 4%. But from 11.27, guys, I lost about another 7% on top of that, right? It was about 7% that I missed on. But the whole name of the game, guys, is not being too greedy and trying to get as much profit as possible. Because if that's what you're like, let's say you're up 5% already on a position which I was right, I could have held. But let's say instead of popping up like it did here, which does happen a decent amount of times, let's say we popped up 5% and I was being a little greedy and then we sold off and I lost my profits or maybe even took a 1% to 2% profit, that would suck because at one point I had that 5%. I could have locked it in. I could have hit my daily goal, but I decided to be greedy, which led me to only taking a 1% to 2% profit because I didn't lock it in at the top. So we broke above this 180 simple moving average, guys. We pulled back on it, bounced on it, and then pretty much once we started to push back up, that's just when I took my profits here to be safe at 5%. And then the market sold off pretty heavily after that. We saw TVIX fly up. We saw the Dow was down about 700 points again at one point. And typically when the markets are selling off heavily, drip does well. So drip did very well, it closed the day at $12, guys. That's literally like a 15% turnaround in terms of the low of the day here all the way to the top. So I was able to grab 5% of that 15%, excuse me, that it was able to run. And I'm happy with that, guys, because, again, my goal is 3% to 5%, hit 4% on the day. And that's pretty much it for my trading. So another one that obviously did very well today was TVIX. And I actually was not able to trade this one today because pretty much after I traded drip, I stopped trading for the day. I pretty much closed my computer, but I was still on my phone checking the markets on my Yahoo Finance app on my Street app. And I was also talking in the group chat as well. And I saw the markets sell off heavily, and TVIX was popping up. And I was tempted, guys, I'm telling you, I was super tempted to hop into TVIX, but I didn't want to get in since the markets were already down 500 points in terms of the Dow. TVIX was already up about 10% at that point. And whenever the markets are up or down like that and TVIX is up, I always get tempted, but I always tell myself, Stas, you made your money for the day, you hit your goal, don't do it, don't do it. And that's something that a bunch of people battle with. They made their profits for the day, but they're seeing other opportunities and they get tempted to hop in. But if stocks or ETFs are already up 10% on the day, be careful before you do hop in because you could see a big turnaround if it's already up 10%. And you're getting that fear of missing out, the FOMO feeling. Just be careful about that, guys, because I almost did that. I almost did it. But let's say I did hop in this one occasion, I wouldn't made money, but it doesn't always happen that way. So I just sat on the sideline. I just watched TVIX pretty much run up. And I just sat on my profits from drip on the day. So TVIX, massive runner today. You guys actually did very well as well. 10%, I was not able to trade this one. A bunch of people in our group did well on you guys. So shout out to you if you did do well on you guys. The report came out today. It was positive for you guys. And it's showing a little bullish sign right now in my personal opinion. And I'm going to be watching you guys very closely for next week, especially since the weather is supposed to be getting very, very, very cold. We're supposed to be getting a cold front here in the East Coast. I don't know where you guys are at, but for those on the East Coast, you better bundle up because it's going to get cold. So that is what I pretty much did today, guys, in terms of trading. Oh, yeah, I want to talk about this. Did you guys see what happened with Kron, ticker symbol, C-R-O-N? I made a little clickbaity video a couple of days ago talking about how Altria was going to buy out Kron. And they actually ended up buying about 45% of that company. I think the investment was $2.5 billion into Kron, which shot up the stock like crazy pre-market hours. It was up to like $14. I think it was up 40% from the close yesterday. Yep, $14.88, pretty much consolidated for the rest of the day. I was actually watching Kron pretty closely because I wanted to see if we were able to sell off and bounce on this $180, and potentially test that previous high. Since we do look for stocks that pull back and have a pre-market high because that opens up a margin for profit, but it didn't end up bouncing. It ended up holding for the rest of the day. And pretty interesting stuff here, guys. We can see it here on the live news, I'm sure. Yep, here it is, $2.4 billion, right? I think it was about 45%. Yeah, I'm sure you got, yep, there it is, 45% stake in cannabis company for $2.4 billion. So that's pretty crazy, guys. Check it out. Do more research on that. But a big tobacco name coming into the weed game, the marijuana game, that's a pretty big move in my personal opinion. That's pretty big news. And for those of you guys that support marijuana stocks, I would be very happy if I were you. And I'm personally happy because I do see a bright future for the marijuana industry and the marijuana stocks. And I'm just really happy for this, right? So I don't want to keep this video too long. I'm going to end up ending it off right here. I hope you guys enjoyed it. I'm uploading a video in the morning on my strategy for the next stock market crash, briefly going over that strategy. So keep an eye on that video. It's coming out about 10am Eastern Standard Time. So I'll catch you guys in that next video. I hope you all had a great trading day today and a great trading week. Have a great weekend. Peace out. Have a good one. I'll catch you in the next video.