 What's going on everybody is Stas here welcome back to another video so in today's video We're going to be talking about breaking down the top couple of stocks and ETFs that I'm personally watching and looking to trade here Heading into this week of August in 2019 We're also going to be breaking down the overall markets very quickly Taking a look at the S&P 500 the Nasdaq and the Dow Jones to see What has the market been up to over these past couple of days because for those of you all that have been following the channel? You know that I have been posting many market update and trading update videos due to me being in Greece guys I've been in Greece so the content has been a bit irregular I haven't been able to post daily throughout the week So there are some things that I want to talk to you guys about some technical points here on these charts that I want to share with you guys and news through my personal perspective that I just simply want to talk about so We'll get into that first then we'll talk about the list of stocks and ETFs that I do have here on my piece of paper So with that further ado guys if you enjoyed this video feel free to go down below hit that like button Consider subscribing if you want to see further content for me and let's get right into it guys So the S&P 500 closed on Friday at 2932.05 it was down $21.51 down 0.73% and I'm sure a lot of you guys know but there is a minority out there that probably don't know Donald Trump slapped 10% tariffs on $300 billion worth of Chinese goods this past Thursday We also got a 25 basis point rate cut which we all knew most of us knew was going to happen here at the end of July we got that and the markets actually sold the news which I actually did talk about a couple of weeks ago for those You guys that remember you know The market was heavily pricing in that rate cut and I actually had a feeling leading up to it that Once the rate cut was going to come because again we knew it was going to come Let's be honest guys We knew it was going to come the Fed was was hinting towards it Trump really wanted the rate cut and once it came You know the markets dropped right that sometimes happens. It's called Buy a crap. What's the saying now top my head? It's called buy the news or rather or buy the rumor sell the news or something like that comment down below I'm forgetting off the top my head what that quote is But you guys know what I'm talking about and that ended up happening right the market sold the news right or whatever Right and if we go to the five-day five minute you guys can see the markets were kind of flat Monday Tuesday Wednesday this past week We got the rate cut we dumped we started to rally the next day and then boom that news came out the 10% tariff the market dropped from 30 10 all the way down to 2945 in the matter of a couple of hours here That's insane right and then the market tanked the next day all the way down to 29 14 That's about a 100 point drop in the matter of a day, which is about a 3.3 Percent drop again, that's insane guys and for those of you guys have been following Excuse me the trade war, you know the back and forth from Trump China the presidents You know all the stuff that's been going on if you've been following it over the past year at this point You know that every single time that Trump slaps tariffs or China retaliates the markets dump guys It's literally like Trump Announces it right announces the tariffs the markets drop like that It's it's like a blink of an eye and you guys can see what I'm talking about take a look at these red candlesticks These are panic selling candlesticks. You see how quick that goes down guys This literally happened in the matter of 30 minutes the market dropped like one two percent That's insane right and if we take a look on the 184 hour chart very quickly You guys can see that the markets at this point, you know They've corrected about three four percent from that peak all-time high at 30 27 and now We're trading at a very critical spot on top of the 180 simple moving average support Which is this yellow line and a lot of people might be thinking, you know This is a time to buy the dip, right? It's a time to buy the dip right and I'm thinking me personally I don't honestly think it's time to buy the dip quite yet because this news about the tariffs It's really fresh this happened on Thursday, right? I think the market can still negatively You know, I think that this could still negatively impact the market honestly heading into this week And if we were to break this level, you know the 180 SMA support if we were to break that that's a very very Critical break, you know, that's very critical break, right? You know at that point we could be going down maybe to 2885 and if I pull out my drawing tools very quickly You'll guys be able to see you'll be able to see what I'm talking about here You know, we may be going down to 2890, right? That's a level that I'm seeing here 2850 That's another very strong level that I'm seeing here You know, there is room to drop here. Although the RSI is showing that we are Oversold right and a lot of the times guys, you know, I don't rely on one indicator Just because the RSI is telling me that it's oversold I'm not going to be buying the dip right because when these when these new when these, um, you know When the news comes out that there's tariffs trade war sometimes Technicles they don't matter at that point, right? The market will sell aggressively no matter what the technical say So that's why I'm really not paying attention to the RSI at this point because the negative news is still fresh So if we break that guys 180 SMA, we may be going down 2890 We may be going down 2850 and honestly, we are in need of a correction at this point in the stock market, right? We got a correction a couple months ago if we go back here and look from, you know 2950 down to about 2730 that was about a 7% correction, you know If we do see something similar, you know, if we drop down to 2840 from the peak that would be another 6% Correction right and corrections. They're very healthy everything that goes up You need to see some form of correction some form of healthy pullback because not everything is going to go up Infinitely right not everything is going to continue to go up no matter what there's going to be points where we correct and this could be the start of another correction and the support levels that I mentioned a couple of seconds ago 29 or 2890 2850 those are the ones that I'm watching here on the S&P 500 Which are the 500 largest publicly traded US companies? So if we go to the Nasdaq very quickly guys, this one got hit pretty aggressively This one actually already broke the simple moving average supports on the 184 hour chart Which is not too good of a sign here This one's showing a bit of a technical, you know, a very bad technical You know break here after we broke that level and now some levels that I'm watching are 7550, you know, we could be selling off there You guys can see back in March that was a resistance at 7550 once we break a resistance It becomes a new support, you know back in May and also back in June. That was all you know Those were also resistance levels So this is a very strong new support for the Nasdaq and notice how the RSI is very oversold But again, technicals when news come out, you know when when there's negative news in the market rate cuts or not Not rate cuts a tariffs, right trade war sometimes, you know technicals and you know indicators they go out the window, right? But anyway, you know 7550 that's a support that I'm watching if we take a look at the five-day five minute We can see the performance you guys can see here, you know rate cut they're not the rate cut What do I keep saying rate cut? Tariffs tariffs came out 8,000 we dumped crazily all the way down to 7780 guys and we ended up going all the way down to 7650 so this one got hit a lot harder than the S&P down about 4.36% in the matter of that one or two-day span there and if we go over here to the Dow Jones Industrial Average you guys can see this one was down 98 bucks on Friday down 0.37% when the the tariffs came out, you know 27 200 or rather 27 100 is where we were we sold off all the way down to about 26 249 which is about a set or like an 800 900 point haircut on the Dow Jones about a 3.3 3.2% drop on this particular index and if we go to the 184 hour chart to break down some technicals here just like the S&P guys The Dow is actually maintaining that 180 S&P support on the 184 hour chart So I take a look and see are we going to hold this are we going to blow through the floor of that? You know and start to test previous supports, which at this point if we take a look, you know, we can see, you know 26 250 That's a level. I'm watching, you know 26 26,000 flat that's another level. I'm watching we may be testing these points this Upcoming week and of course if we go down a bit lower, we have 25 850 we have let's see We have about 25 500 these are all levels that are up and coming at this point if the you know If the sell-off continues and if we take a look back in May when we had that sell-off we went from about 26 What was that 26 500 all the way down to about 24 700 Which was about a six seven percent haircut in the Dow Jones industrial average at this point We're down about three four percent So if we see a similar drop that may be putting us down here to about 25 800 maybe even lower to about let's say 25 500 so that's a quick little, you know market update here What's been going on, you know in the in the past couple of days and weeks here in the markets We got the rate cut we got tariffs now if China Retaliates guys. This is something that could very well happen. They've retaliated before if this happens again The markets can take another hit so be careful. I'm personally very cautious right now in what I'm trading I'm looking at some stocks, but mostly guys. I'm watching these You know market ETFs that I have here and we'll get into that right now guys But before we get into that actually let's talk about that one stock, which is Disney Disney at this point They are reporting earnings this upcoming week if I'm not mistaken. Yes, they are on the 6th of August which is Tuesday guys so Disney at this point just like the entire market It's taken a haircut from 147 down to about 141 and if we take a look on a percentage basis here That's a four percent haircut and depending on what their earnings are how the market is this upcoming week This can fluctuate Disney heavily right it can fluctuate Disney to the upside if the earnings are good And if the market is running down red again two three percent in a day Even if the earnings are good Disney could very well continue to sell off But let's say Disney doesn't sell off here. Let's say Disney holds this 180 SMA support This could potentially be a dip by here right and me personally I'm going to wait until most likely Wednesday at this point to potentially trade Disney because I Like buying stocks or at least you know buying into these Trades after you know they report earnings. I don't like gambling on earnings I like seeing how the guidance is what the earnings actually were before hopping into a stock But let's say again earnings are positive. Let's say miraculously the markets do recover this week Which honestly I'm not really, you know, I'm not really You know thinking that's going to happen at this point I would say there's like if I were to put a percentage chance I'd be like thirty percent chance markets recover this week seventy percent chance We continue to sell off But let's say thirty percent chance we bounce back coupled with a good earnings on Disney This could be a very good dip by with about again about a four or five and more like a four percent You know potential for profit back up to one forty seven So Disney at this point could be a dip by but again if the markets tank this could very well tank Disney down Along with the markets, right? So let's talk about some of these market ETFs very quickly because again These are what I'm focusing on in the volatile times that we are in and I focused on these for months in the past While we were in volatile times before and starting off Let's talk about TV IX and for those of you guys that don't know TV IX is one of my go-to plays when a Volatility is up and be when the markets are aggressively selling off and TV IX this trades based upon the VIX VIX is VIX for those of you guys that don't know this is the volatility index and now that we're on this topic of the VIX guys Take a look at how the VIX performed it nearly doubled if we go to the 10-day chart you guys can see it It went from eleven dollars up to twenty dollars in the matter of a couple of trading days That is insane, right and you think to yourself TV IX did crazy. Well, you're right It went from twelve dollars up to about nineteen dollars. We're on the pullback right now at about seventeen sixty five So let's say the markets get rocky. Let's say there's more volatility Monday heading into Tuesday Wednesday Thursday Friday for this whole upcoming week This could be a very good play. Let's say the VIX touches twenty bucks again because it did on Friday Let's say we pop back up maybe get twenty one dollars twenty two dollars a lot of volatility TV IX could be up Ten twenty thirty forty percent in the matter of a week and you may be asking yourself Does that actually happen does TV IX go up that much guys? If you've been paying a TV or paying attention to TV IX over the past month or not month This was about two three months ago. Actually you saw that in one day. It went up 40% for zero. Yes, you heard me right 40% TV IX went up 40% in one day So yes, it can go up ten twenty percent thirty percent in the matter of a week And that is why I see insane potential in TV IX this week because again, let's say China retaliates markets get rocky Trump sends a tweet. Let's say he sends a tweet about something, you know We all know how sensitive the market is to Trump and Trump's Twitter. This can end up dropping the markets heavily, right? So TV IX I'm watching it right 17 dollars. We are at right now up to 19 bucks That's an eight nine percent margin of profit and of course like I said if the markets drop again The VIX goes to 20 25 we give volatility. This can go up even more guys to 20 25 Maybe even 30 dollars per share. So SQQQ Q This is another one that I'm watching right and for those of you guys that are long-term viewers of this channel You know that SQQ Q is another one of my go-to ETFs whenever the market is selling off and this one in particular Trades based upon the NASDAQ right the NASDAQ whenever the NASDAQ is selling off This one's going up at a 3x rate. So this is a 3x leveraged ETF, right? So let's say the NASDAQ goes down 2% one day the SQQQ Q ETF is going to be up 6% right so you guys can see we were up 4.6 percent this past Friday the NASDAQ was down about 1.2% and if you do the math, it's roughly what you know, you know, if you do the math here 1.2 times 3 That's roughly what you know the SQQQ Q ETF was up. It's not exactly right It's not exactly, but it's roughly so again the NASDAQ I'm sure a lot of you guys know this but when there's volatility in the markets when stocks are dropping Tech usually gets hit pretty hard and the NASDAQ itself Dumps more than the S&P and the Dow which is why I really like SQQQ Q because it'll go up the most Right because if the NASDAQ's dumping the most that means SQQQ Q is going to be going up the most compared to some of these other Market ETFs that I trade that trade based upon let's say the S&P or the Dow Jones So NASDAQ guys again We dropped about 6% or like 4 or 5% from the peak now when you guys saw the S&P in the Dow We're down about 3-4% so you guys can see that the NASDAQ did sell off more over the past couple of days Which proves my point right so if we go back to the SQQQ Q ETF at this point We're breaking out of the 180 S&P resistance. That's very good if we get more volatility NASDAQ tech sells off this gonna go flying right so another one that I want to talk about which Rebounded very aggressively and I'm pissed at myself that I missed this move because I was watching it guys It is JNUG guys and JNUG is another ETF that trades based upon gold that goes up whenever gold is going up And I'm sure a lot of you have seen gold over the past couple of days It bounced right off the 180 S&P at 1413 after that little haircut once August started It flew all the way up to 1461 and at this point We are getting a bit overbought here and if we draw out some levels of resistance and support right now new levels We can see 1450s a strong old resistance now since it's an older resistance and we broke out of it We'd want to see it hold that as a new support. So that's kind of what I'm watching here You know if we get that pullback which honestly at this point. We're already at 1450 So if we hold this and maybe start popping back up to the 1460 ish level This could be a point where gold could potentially break out again, but let's say we break 1450 We may be selling off to let's say 1440 which at that point the RSI would come down to a healthier level and J Nug would honestly open up even more margin of profit So I'd actually rather see that happen so I could get a better You know entry point on J Nug we could potentially get in let's say at 75 Maybe 73 and if we get lucky maybe back down to the low 70s again where we were this past week where I Missed the opportunity guys which again I'm pissed of myself, but you can't get all of the opportunities out there That's just impossible right you can't get in every single play right that's again just impossible But J Nug it's worth watching gold in these markets You know as the markets have been selling off vile tile trade war rate cuts people are scared of their recession the economy slowing down Gold has been flying up And I'm sure a lot of you guys have been seeing that if you've been doing your analysis and very quickly for those You've guys that haven't seen that you know gold has gone literally from April 1269 all the way up to 1460 in the matter of three four months. That's a 200 something point Pop or about like a 190 190 point pop Which is a very strong move in terms of gold because honestly guys gold a lot of people don't even consider gold an Investment right it was up 13% since that drop in April, you know a lot of people don't consider gold as an investment They see it as a hedge, you know against the dollar right You know very kind of like a safe haven place to put your money in rocky times gold Ted typically holds its value over time and a lot of people feel safe putting their money in gold But me personally I actually don't really own any physical gold to be completely honest with you guys But I'm thinking about maybe buying some, you know physical gold here and maybe sharing it with you guys doing an unboxing That's something that I'm thinking about here over these next couple of weeks, you know Maybe right maybe we'll see and of course I'll share that with you guys so looking at my sheet here I do have a couple more here Microsoft This is another one that kind of relies on the overall market if the market dumps this one could very well dump as well And let's say the markets read they bounce they rebound that 30% chance that I gave you guys Let's say that does end up happening, you know This could be a perfect dip by on Microsoft and you guys can see here Microsoft honestly You know based off just the naked eye here I don't think this is sold off as much as some of the other stocks During the periods of sell-off in the markets and for those you guys that don't know what I'm saying again We got that market sell-off in May, right? We got that dump and Microsoft seemed like it wasn't hit that hard We got another dump back in December. It was hit decently hard But there are a lot of other stocks that were down more than the 15% that Microsoft was down So typically Microsoft I think hold its value a bit more than some of these other tech stocks during some periods of time Where the markets are selling off? So let's say we miraculously hold this 180 estimate tomorrow This could be a point in time where we're at a 4% dip by from the all-time highs at $141 in 88 cents, right? We got the earnings report already off top of my head. I forget what they actually did You can see okay. They beat on earnings 124 estimated DPS 137 actual. That's very good. It did very I didn't do well that day Yeah, it did well that day You know hit all-time highs again after that shortly after the earnings But then again the markets dumped took Microsoft down with it now we're holding that spot So this could be a point where we pop and I'm watching that for Microsoft And if we go down to about our to the 20-day one-hour chart very quick You guys can see the choppiness of this stock at this point so choppy on the 20-day one-hour chart It's crazy. We reported earnings pop sold off the next day Popped to the all-time high that I talked to you guys about the markets dump took Microsoft down We popped up the next day or yeah Yeah, they popped up the next day sold off aggressively So just keep an eye guys if we break this 50 SMA on the 20-day one hour We could be breaking out at this point and again that heavily relies on whether or not the overall markets Recovers so this stock that I'm going to talk about right now This is one that actually one of our discord members ended up calling out a very active discord member And that's ticker symbol DF and I'm typically not trading Penny stocks you guys that have been following the channel. You know that I like large cap stocks But whenever somebody calls out a stock I like covering it on the channel giving my little two cents about it And this is one that was called out and I'm going to give my two cents about it So let's get right into it guys. So DF Dean foods honestly I don't know anything about this company right you can see clearly on the 184 hour chart the six month chart This stock has just been dumping every single week right every single month every earnings report It seems like it's been dumping afterwards the 180 SMA The 50 SMA here the green and yellow line. They've obviously been resistances right We've been making lower lows lower highs just simply down trending right But now we seems like we found a bottom at about 87 cents We're starting to rather hold the 50 SMA as a support instead of being rejected at it as a resistance And now we're actually breaking out of the 180 SMA resistance Which is a very very good sign of a potential breakout here Notice how we are reporting earnings here on the 6th, which is this Tuesday at 8am central standard time So this could heavily fluctuate the stock right and again the previous couple of earnings reports It seems like we've been dumping after every single one right we we dumped after this one We dumped after this one, you know, if we go back to the yearly chart Let's see what's been going on on the yearly chart You guys can see it's just been heavily down trending over the past year as well So this earnings report in my opinion, right again, I don't know what the projected earnings is But this is definitely going to fluctuate the stock So at this point if we report earnings and let's say we pull back and maybe hold that 180 SMA This could be a point in time where we retest it as a support and maybe break out again But let's say, you know, the earnings are negative Let's say we break the 180 SMA and the 50 SMA support and we start to trend down again This could just simply be the continuation of the downtrend that we've been on So in my opinion, you know, this is a very dangerous stock to be playing with right If you have, you know a lot of research built into this You think the earnings are going to be very very good You know, you have maybe an outlook of about a couple months a year two years on this company You know, this could be a very good opportunity to hop in but again me I don't have that outlook right now overall the trend what I'm seeing It's a bit negative at this point in over the past year We've been down trending and that doesn't mean that the company is going to go bank or up That doesn't mean that the company is just going to continue to downtrend But what I'm seeing based on the previous data leads me to believe that You know, this is a dangerous stock to be playing with right and and you know A lot of the penny stocks are out there a lot of the stocks under $5 $3 whatever you consider a penny stock A lot of them are very dangerous. So, you know, I'd personally wait and see especially with the penny stock You know, what are they going to do, you know after earnings? How's the guidance? What are the eps numbers? What are the revenue? You know, how's everything looking? How's the stock reacting? How's the market reacting, you know after earnings before even hopping in you guys can see again The RSI right now, you know is a bit overbought. So if we do get that pullback to retest maybe that bullish cross good earnings You know, this could end up, you know pumping the stock up, but overall on the one year one day chart We can see that even if it does pop up on the 184 hour chart Even if we do break out on the one year chart, we can still see we're extremely overbought and we're overall trending below The yearly 180 SMA here, which is a bit worrisome if we were breaking out of this level I think that would be pretty pretty attractive But we're not getting that quite yet and me personally me personally guys, you know, I'm not looking to trade this But again, I broke it down for a subscriber a very active discord member And I do that for a lot of you guys that do end up calling out stocks So that's kind of my two cents on DF at this point and honestly guys those are just the stocks and ETFs that I'm watching this week I'm being very very cautious with stocks, especially stocks because the market can dump right and that will take down stocks A lot of the large cap stocks that I typically trade, you know, I'm mostly watching these market ETFs, right? TVIX like I mentioned sqqq, you know spx not spxl spx s if you guys want to trade An ETF that trades on the s&p 500 this one goes up Whenever the s&p is selling off So if the markets dump and you want to trade one on the spx, this could be one to play right another, you know Volatility one to be watching is uvxy this one goes up It's kind of like tvix when the markets are selling off and when the vix the volatility index is going up So those are a couple that I am watching this upcoming week guys If you enjoyed this video feel free to go down below and hit that like button again It really supports me and I really appreciate all of you guys out there that do that And if you want to see further content for me consider subscribing hit that notification bell and leave a comment Let me know. What do you guys think about the markets this week? What are your thoughts on everything? Are we going to sell off our stocks going to rebound? Did you buy the dip? I would love to know what you guys have to think so again I really appreciate all of you guys taking the time out of your day to watch these videos If you want to be further connected with our community the strive smart discord strive smart facebook my personal instagram All of those are linked down below. Good luck this week. I hope you all kill it. Peace out