 What is going on everybody it is Stas here welcome back to another video So in today's 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 on the 17th of June in terms of my trades as well as taking a look at some other stocks and ETFs that I'm personally watching and keeping my eyes on to trade in this week that we're currently in the third week of June in 2019 as well as just going over some news that I'm personally watching that I think and Keeping an eye on that I personally think is going to fluctuate the markets a lot here over the next coming coming days So before we do get into the topics of today's video for everybody out there that finds value in these videos All I ask from you is to go down below and hit that like button It really supports me and supports the channel in general and stay connected with our community guys by joining the two links down below The discord and the Facebook groups both of those are 100% free of charge And you'll be able to talk to hundreds of other investors and traders with similar mindsets as You so without further ado, let's just get right into a guy starting off here with the S&P 500 the 500 largest publicly traded US companies it ended up closing up today up in the green up $2.69 cents up a measly 0.09% at the close the Dow Jones Industrial average ended up closing up the same on a percentage basis as the S&P 500 0.09% and it was up $22 and 92 cents nearly $23 here at the close today And the Nasdaq did very well today up 0.86% up $65 closing above $7500 today, and this is mostly due to tech stocks They did very well today Apple Amazon Facebook Facebook, especially Google Microsoft Netflix the couple big tech stocks that I personally follow they all did quite well today So other than the Nasdaq the S&P and the Dow you guys can see it was pretty flat continuing this kind of Consolidation range that it's been in over the past couple of days and pretty much continued that today And if you guys don't know what I'm talking about if we go to the 10 day 30 minute the Consolidation that we've been seeing on the S&P has been very very strong We noticed ever since we got that double top at about 29 10 We sold off to about 28 75 and we've been hovering around You know 28 75 to about 29 hundred dollars here over the past one two three And today marks the fourth day of trading and this in my opinion is Kind of the calm before the storm because we know on this Wednesday 2 p.m The Fed is going to come to a decision on whether or not it's going to cut interest rates right now And for those of you guys that don't know we got news of a potential interest rate cut a couple of weeks ago Or at this point it was like two weeks ago and that caused the market to fly the markets recovered very heavily You know from this this hint of news that the Fed could potentially cut the interest rates And now we're noticing again the consolidation The meeting is coming up 2 p.m. Eastern Standard Time this Wednesday And if the Fed guys this is why I'm saying it's the calm before the storm You know this can really you know pump the markets to the upside or the downside Let's say the Fed right they come out and they say they are going to cut interest rates in my opinion If they do that that's going to pump in even more Optimism into the stock market just think about it guys the markets flew up and recovered this quickly Based on a simple hint of an interest rate cut think about if it actually happens I think at least in the short term The market is going to go crazy and maybe rally up to all-time highs again Right because this is kind of like a last-ditch effort You know for the Fed to stimulate the economy and continue this run that the market the stock market That is has been seeing over the past couple of weeks months and of course Years right and let's say the flip side. Let's say the Fed, you know, they don't they don't cut the rates Let's say they just keep them the same I personally think you know this can dump the markets in the short term which again is why you know This is the calm before the storm once we get this decision the market is going to pick a direction It's going to pop up or it's going to sell off pretty aggressively based on what the Fed You know is doing here, which is why again the markets just have been very very calm very very steady They've been consolidating, you know things are going to get crazy here in the next couple of days and weeks in my opinion Guys because let's say they don't cut the Fed rate or the interest rate here Let's say they don't do anything to it in July the next meeting They might cut it in that meeting So, you know, there's just a bunch of things that that that are going on right now over the next couple of weeks And months in the market regarding the interest rate, you know potential cut I'm just very excited to see how it does, you know affect the overall market So as of now technically speaking on the SPX nothing has really changed from the past couple of videos that I've made talking about the technicals We're simply trading above 2885. We're holding that level old resistance right now, you know as a new support with the resistance where we are right now at about 2915 so we're simply trading between 2885, 2875 and 2915 and again once we get that decision from the Fed This is going to pop us either out of their resistance here above 2915 or it's going to sell us off, you know, maybe back down to let's say 2850 on that 180 SMA if we sell below we may be going to 2830 2800 2735 these are a couple of levels that we could be selling off to on the S&P 500 So going over here to the Dow Jones industrial average, you're seeing a bunch of the same in terms of technicals We've been consolidating over the past couple of days ever since we got the double top at about 26200 You know, we've been really just chilling above 26,000 with a resistance at about 26200 dollars, so we're simply trading in a 200 point range right now and again when the Fed comes out with their decision and by the way the Discussions are actually starting tomorrow, you know when the Fed comes out This is going to push Dow up above 26200, which is a resistance if we see, you know A Fed cut and the and the markets go bullish, you know, we could be popping up here 26200 26500 those are the next levels that I'm personally watching, but let's say there's no Fed Interest rate cut Let's say the markets take that negatively because they're pricing it in right now so heavily in my opinion You know, we may be selling off from there going back down to let's say $26,000 flat would be the next support obviously from there. We may be breaking down to 25,000, you know $500 and the and the supports go on from there, right? We may be going down to let's say $25,000 flat these are the levels that the that the Dow could end up selling off to so again Not much different from yesterday's video or the previous video that I did on the market Nothing has really changed in terms of the Dow and the S&P from a technical perspective But if we're going over here to the Nasdaq this one has changed a bit because we saw a big run today And this is showing about a $7 move right now But this is the after hours in terms of the futures here But if we go on the one day one minute you guys can see the big push that we did have this morning when the markets Opened and we maintain that level throughout the day and what is this doing to the Nasdaq guys It's kind of pushing us out of this little downwards channel that I had drawn out from these trend lines that we see here that we've kind of been trading within Over the past couple of weeks So here this bullish move that we are seeing which is the break out of the resistance of this downwards channel This can be something that pushes the Nasdaq up more on a technical basis here Over the next couple of weeks and days, which is something that i'm interested in right and again if we get that Rate cut who knows guys the Nasdaq it could be pushing up very heavily from there We could break out of the 7600 level of resistance Which is the next level that we're facing here We could be going up to 7800 again Who knows we might be up to those all-time highs if that does end up happening so 20 day one hour chart you guys can see again We broke that you know five day five minute You guys can see you know the upwards trend that's been forming here You know everything is looking for and pointing to a breakout right now in my opinion on The Nasdaq but don't just um, you know, don't just think it's going to break out 100 percent here again This fed meeting is going to be a huge catalyst to the upside or to the downside For the markets and i'm very very excited to see what is going to happen And that's really what i'm waiting for right now to see a a direction Up or down in the overall stock market. I think it's going to fluctuate it a lot So that was the market update portion of today's video guys if you enjoyed Um that portion of the video. Let me know drop a like down below and hit that Hit a hit a comment. Let me know what you guys think about this. What do you guys think about the Fed? What do you guys think about the current stock market? What are your? Thoughts on the technicals. I would love to know so getting into what I personally um traded today I traded beyond meat, which was actually a stock that I called out in yesterday's video and this stock today guys went up 12 percent Up nearly 20 dollars per share here and this is just This is just crazy guys because this stock went from 45 dollars all the way to 186 It cooled off a bit We were holding that 50 SMA like we said in yesterday's video and we were kind of in this wedge as you guys can see You know from the trend lines that I drew in yesterday's video And I was talking about how if we were to break out of this resistance You know of this resistance of the wedge that would be a huge breakout And what did we do a bullish breakout and what did we do this morning guys? You guys can see we were we were running up pretty aggressively In the pre-market session if we go to the one day one minute Actually, let's go to the five day five minute. You guys can see it even better right take a look at the resistance of this wedge You guys can clearly see it right we started to break out of it this morning We were riding the one or the 50 SMA rather pretty much continuing this little uptrend That we've been on over the past four days and when we broke out of the resistance and when we you know Popped up so aggressively nearly, you know five six percent You know when the market opened or right near when the market opened I knew this was going to be a breakout or at least it was on my eyes For potential trade due to the breakout that we saw and it ended up playing out Very nicely guys. We opened up here We popped up we sold off and the thing that I was looking for here After this sell-off is I wanted to see you know Are we going to maintain the trend from pre-market hours? And also are we going to maintain the trend above this 50 SMA which has been a support If we look you know over the past couple of days and the fact that we pulled back We held those levels the 50 SMA and that trend line that I just drew for you guys That gave me the notion the confirmation that we're holding the uptrend and this could be a dip by opportunity And that's exactly how I ended up viewing it ended up getting into beyond meat After this pullback to retest on the 180 SMA here on the intraday chart We started to pop back up ended up getting in at about 163 163 50 163 60 is when I ended up getting into this position as we started to break out of this Resistance from the pre-market session at about 8 15 a.m Pre-market hours eastern standard time today So I got in right around there after the break of that resistance and I wrote it up pretty much to the resistance that we were at From this morning's pop up to about 167 80 I didn't sell off at the complete tippy top here But from where I got in Up nearly to that resistance. I ended up selling off right around here You know, I ended up getting out with about a 1.75 1.8 Profit as I sold out at about 166 50 ish 166 60 right around there So I made roughly three dollars per share on beyond meat today and this is a stock that Again, like I mentioned in yesterday's video, it just IPO'd a couple of weeks slash months ago at this point It's very very overvalued right now But stocks like this just because they're overvalued For the long term perspective of the company because I think this market cap is about 10 billion right now And they only make like 50 million dollars a year in revenue or something like that Don't quote me But I know the market cap is way overvalued for what they're bringing in in sales Just because it's overvalued doesn't mean that you can't hop in and out of it on Day trades or short term swing trades because the stock is volatile, right? So just because it's overvalued don't be scared to trade it Just realize the amount of risk involved with the company like this That's gone up for x in the past couple of weeks realize that it can fall down Just as quick because it is a speculative stock. I don't think they're making any money right now They're not profitable. They just IPO'd very very spec play here and please please please You know, do your research do your due diligence before even considering trading or buying this Due to the risk that it carries and don't trade it based on my opinion guys Please just do your own research on this, but it does offer a bunch of opportunities So that's pretty much all I ended up doing today. I traded b y n d and the uptrend is looking Beautiful guys. Let's say this hype continues. We might be hitting 200 dollars per share But as it gets higher higher and higher more overvalued, I'm probably going to be staying away I'm from beyond meat Because again, it can crash like that any second and I don't want to be caught Bag holding this one. That's something that not anybody. I don't think anybody would want to be caught Bag holding right so that's kind of it for my trade today Let me know down below in the comment section what you ended up doing. I would love to know So let's talk about some other stocks and ETFs that I'm personally watching here You know heading on for the rest of this week and quick announcement actually I'm going to mexico tomorrow. So these next couple of days. I'm going to be there for about Um eight and I I think it's like 10 days. I'm going to be there There's going to be content on this channel But the market updates might be a bit irregular because I'm not sure the time difference right now with Mexico and the upload schedule that I'm going to be Doing but just know there are going to be videos coming out. Maybe not daily But maybe every other day I'm going to try to do the market updates daily But just figured I'd let you guys know and expect a video tomorrow on A very interesting topic that I want to talk to you guys about it's not going to be a market update video But it's going to be a very interesting topic and I'm sure you guys will really enjoy Tomorrow's video. So that's just a quick announcement Know that I'm going to be in mexico might not be as active in the chats in the facebook group You know on the youtube comments simply because I'm going to be traveling. So let's talk about um Some stocks and ETFs that I'm personally watching right now mostly these ETFs So I'm liking the gold movement that I'm seeing right now Gold pulled back today. It really didn't pull back today It actually pulled back a couple of days ago from 1360 down to about 1340 and today We we were up 20 cents really nothing much here on gold But the thing that I'm liking is the fact that we held this 50 SMA support here So what this is telling me is that this can be a potential bottom out point for gold before it ends up bouncing up and retesting those highs at about 1362 what we need to see right now though Is a definitive break up here back and say let's say the mid 1340s maybe low 1350s before we can confirm that push on gold and what will go up when that happens guys if that happens Jnug and jnug is a bull ETF that I love trading it goes up whenever gold is going up at a 3x Rate so this one it's going to be good in my personal opinion here over the next couple of days And i'm definitely looking to play this maybe not tomorrow because again I'm going to be traveling it might be kind of tricky to trade from the airport I have a layover flight in uh in fort lauderdale tomorrow So maybe I can like hop into a swing um before the one flight and hopefully come out of the flight With a profit, but I don't know if i'm going to do that guys to be completely Honest with you all I might just take the day off trading tomorrow But i'm still going to be watching these four potential plays crude oil ended up uh not really getting uh uh uh you know uh really hardly rejected today But it did end up still getting um i'm kind of uh rejected under this 50 sma It's still having some difficulty breaking out of their resistance Although we haven't fully dove down yet for that lower to low and that's actually what i'm waiting for tomorrow Since we didn't really see a crazy red day today But we did see the resistance that is still there which is that 50 sma You know i'm thinking tomorrow could be a big dumping day for crude oil You know if we do get that break down to let's say $51 again, maybe 51 80 51 70 that could be the confirming thing that I want to see Before hopping into um DWT and before really confirming the push to the downside here And for those of you guys that don't know DWT is actually an ETF That goes up whenever crude oil is selling off. So keep an eye on this one. It's a 3x ETF so it goes up three times what crude oil does end up selling off So let's say crude oil sells off two percent DWT should be up around six percent So those two right now are looking very good and obviously if crude oil Let's say it breaks out of that 50 sma let's say we make a a bullish run there You know uwt is going to be very good in my eyes It's battered down here and it goes up whenever crude oil is going up So that is um a couple those are rather a couple of ETFs that I am watching heading on To the rest of this week Facebook is a stock that I'm watching because Facebook as many of the other tech stocks have been getting crushed They are on downtrends Facebook right now is actually one of the only ones that is out of this downtrend Although it's very overbought you can't deny that the RSI is all the way up and nearly 90 right now You I mean, but we did end up breaking out of the 180 sma We're making higher highs higher lows and the uptrend right now Seems like it's continuing itself and this could be because Facebook doesn't really have any Exposure at all to china right now and a lot of the other tech stocks They do so this can be something that is propelling Facebook a bit higher than some of the other stocks in the stock market Especially, you know like apple for example But again, it's over but it's it's reaching that level of resistance at about 190 dollars But now what I would like to see is a potential rejection there a pullback down to about maybe the low 180s Before potentially entering Facebook a level that I think could be a a level of support here Could be about 180 dollars because notice how we kind of plateaued consolidated that that level for a little bit A couple of weeks ago or a couple of trading days ago rather and we propelled up from there So a healthy pullback. I think a healthy retracement would be back down to about this old level of resistance Making it a new level of support or maybe a bit above it like 181, you know, 182 I think that could be a very nice entry point on uh, Facebook. So AMD, you know, AMD Let's take a look at what it did today. Um, you guys can see Semiconductor stocks at least AMD continued its sell-off. So at this point I'm not looking to play it because we broke the critical level of support Which was an old resistance at about 30 dollars We could potentially get a bounce back here because again, it's very over but our size very oversold But I don't know guys. I need to see some definitive action pre-market hours to the upside before even Trading AMD at this point due to the key technical spot that it just broke. Let's take a look at some other Semi stocks, you guys can see MU was down about 0.7 percent today Qualcomm up about 0.5 percent. Okay, that's not bad. I'll see Intel down about six cents Nothing really crazy here. So semis they didn't really rebound at all But they didn't really dump much harder other than um AMD at least out of the ones that I personally track here Tesla, let's take a look at tesla. I actually didn't even look at it today. Oh my goodness guys tesla here it goes. Wow Up 10 dollars and 11 cents at close up 4.7 Percent could this be the point in time where tesla is finally getting out of this downtrend We can see it's slowly breaking out of this 180 simple moving average This can be a point in time where we reverse But i'm not fully convinced quite yet because like I've been saying guys the the narrative around tesla right now Is super negative and until we get some very very Great production numbers until we get a strong earnings report until we get maybe some profit out of tesla You know for for a change of the narrative, I really don't see it fully recovering until We get that so those are just a couple of plays that i'm watching You know tesla here for maybe a breakout at this point, you know facebook market ETFs tvix sqqq spxs Of course, these are all ones that i'm always watching and watching You know for this week crude oil gold Uwt dwt jnug jdst, you know drip right now is on the 50 sma here on a pullback This can be a nice bounce back play tomorrow. This one trades on Xop goes up whenever xop is selling off. These are very interesting plays as of right now So I hope you all enjoyed this video If you did feel free to go down below and hit that like button It really supports me and supports the channel in general and if you want to see more content for me Go down below hit that subscribe button Hit that notification bell so you're notified every single time that I do make a video and feel free to drop a comment Let me know how you guys did today. Let me know what you guys Think about the markets and if you have any tips on mexico What to do there things to keep an eye out for feel free to drop that in the comment section as well too guys Because I've never been to mexico. I'm excited, but I'm a bit anxious as well So I do want to know anything that that that that that's worth knowing So leave that in the comments if you guys know anything. I'll catch you all in tomorrow's video again There won't be a market update video, but there will be a very interesting video Regarding the current state of the stock market. So keep an eye out for that I'll catch you all in the next video. Thanks again for watching. Peace out