 What is going on everybody, Astas here. Welcome back to another video. So in this video, we're going to be talking about an overall market update looking at the Dow Jones, the S&P 500 and the NASDAQ. And we're going to be talking about a couple of trades that I made today on the 17th of December in 2018. But before we do talk about all of that, for all your new viewers out there, my name is Astas, and I make videos dealing with swing trading, day trading, long-term investing, and my personal philosophy 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 about 350 other investors and traders, feel free to join our Discord group chat guys. We're talking on a day-to-day basis in that group about stocks, investing, trading, strategies, just networking with each other and helping each other become the best possible traders and investors that we can all be. And again, all of those links are down below in the description box. If you guys do want to keep in touch with me personally and the entire community, let's get started with today's video. What a day today in the overall markets, guys. The Dow was down 2% at the close. The S&P was, I believe, down about 2% as well. And the Nasdaq got crushed today as well. What a bloody day, guys. What a bloody day. Let's get into this and let's see what's going on in terms of the technicals for the Dow, the S&P, and the Nasdaq. And for those of you guys that have been paying attention to the overall markets over the past couple of trading days, well, we had a couple of green days last week, a couple of green days. I believe it was two to three in a row. And then we had a consolidation day following a 500-point drop in the Dow Jones. I believe a 50-point drop in the S&P and about a 150-point drop in the Nasdaq, which was this past Friday. So we had a 2% loss in the overall markets this past Friday. And what I envisioned happening today was either that, A, we were going to sell off rapidly again, which actually would end up happening. Or we were going to have a bounce back day. Large caps were going to move up a little bit higher. And we were going to pretty much just have a bounce back day from that 500-point 2% loss in the markets this past Friday. And what ended up happening, guys, is you saw it today if you've been paying attention, but pretty much we opened up red today. And then we had a pretty strong push back up. And we ended up getting back to the break-even point in terms of the Dow, the S&P, and the Nasdaq. Large caps were looking pretty solid in the middle of the day. But then we saw a huge crash in pretty much the middle of the day here, noon Eastern Standard Time, from about 24K all the way down 500, almost 550 points down to the close of this market. The Dow peaked up here, the S&P peaked up at the same time, right? I actually called this double top in the group chat for those of you guys that caught that. And the Nasdaq did the same thing if we're looking at this, right? At 12 o'clock, PM Eastern Standard Time, it went from 6650 all the way down to 6420, guys. The Nasdaq lost 220 points today at its lowest. So very, very bloody day out there, guys. Let's get into it. What are we looking here in terms of the technicals? And what is this chart telling us? So for those of you guys that have been watching my videos for a while, I do these market updates and look at the major indexes for a reason. I do this because I like to see where the overall markets are pushing to determine what I'm going to be trading, whether it be large cap stocks, these market ETFs that I have here, these inverse ETFs. Understanding the movement of the market really helps me pick and choose what I'm going to be trading, right? So the fact that we did our technical analysis yesterday and understood that there could be more ready to come based off of these channels and based off of the support levels that we drew, this gave me an indication on what I was going to trade today. So all you got to do, guys, is pretty much look at the indexes, pre-market hours, what are the futures looking like? And that could indicate what you're going to see that day in terms of the overall markets. So for example, today, we saw that Dow Jones was down, I believe, about 200 points or something like that, 150 points, pre-market hours. We ended up selling down to about 300 points in the negative, and we broke back up to break even, like I told you guys a little bit before, right at this double top point here. And this is where we ended up selling off. And this is actually where I took a position in one of the ETFs that I trade, and I ended up swinging it for a couple of hours down to about this range as the Dow, the S&P, and the NASDAQ continued to sell off. But before we do take a look at what trade I made, let's take a deeper look into these technicals here. So we noticed the Dow making lower highs, right? We talked about that in pretty much every video. And now it's approaching the bottom part, the support level of this channel that we see here, since it made another really big drop today, 500 point drop, it really put it right at the bottom of this channel here, indicating that this could be potentially a pushback spot for the Dow Jones. Because again, guys, it's in this pattern of making lower highs and making lower lows. The lower low was here, and then we had a couple days or a couple trading weeks where we held that support. And then once we broke this a couple of days ago, I made a video the day that it happened called, I believe, Dow Jones Breaks Critical Support. This really continued the downward trending channel for this index. And the fact that we're here now, I think this is a critical level for the Dow Jones. So keep an eye here, guys. We are a little bit oversold in terms of the Dow Jones. And that is kind of understandable that it's oversold because we've been killed 1,000 points in the past two trading days. So the fact that we're oversold and we're down here by the support of this channel, I wouldn't be surprised if we did have maybe a bounce back day or two. I'm not saying it's going to happen tomorrow, guys. Again, we have to do our market research pre-market hours. But tomorrow, if the futures are up 100, 200 points, I wouldn't really be surprised because again, we sold off 1,000 points. We're at the bottom of this channel. And all I'm telling you guys, and what I'm going to be doing myself, is just to keep an eye on it, right? It's always important to just keep an eye on it. Draw these channel lines on your chart. It'll help you guys a ton as it has helped me decide what to trade over these past couple of weeks since the market has been extremely volatile. But if we take a look here at the one year, one day, let's take a look at the supports that we were talking about in yesterday's video very briefly. And then we'll hop into the S&P NASDAQ and talk about what I traded today. So these are the levels that were very critical for the Dow Jones stemming back a couple of months. So this past February, we had a very similar situation to what we're seeing now, where the Dow Jones and the overall market sold off pretty heavily. We sold off all the way down to here, which was about an 11% correction this past year, pretty much since the start of the new year back in January 2018. And we drew out these support levels here. The one critical one was $24,000. We clearly broke below that today, right? Very, very bad technical indicator here. And the next one that we're actually, you know, we pretty much broke below that one as well was $23,800. Very, very critical support there. We ended up breaking below that one. And this one is towards the end, I believe. Actually, no, this one was at the beginning of May in 2018. And now to draw another support, which we're actually like right at right now, it's about 200 points below that previous support, which is roughly at about $23,600, which we are clearly at that level now because the Dow closed today at about $23,592. So keep an eye on these levels, guys, because these are super important technical indicators, guys, these are super important technical points for the Dow. If we do break below here, guys, that's not good from a technical perspective, and it's pushing us deeper and deeper and deeper towards that bear market territory, which is anything above a 20% loss from the peak of an index. So where we are right now, guys, $23,500, we're getting close, man. We're actually getting real close. We're down about 14% from the peak. And we're only 6% off from being in a, quote, unquote, bear market. So very, very ideal situation would be that we do hold above this, right? But again, the way the market has been, the way the uncertainty, the tariffs, the interest rates, the market, the growth weakening, right? What's that? The recession indicator is pointing towards an inversion right now, which people think that is a recession indicator. What's it called, guys? The yield curve, right? The yield curve is slowly starting to curl in, which happened back in 08. And people say that this is a recession indicator, right? If you guys want to do more research on that, take a look into that. Super interesting stuff. But I think there's more downside in my personal opinion, again, due to the uncertainty. And the stock market does not like uncertainty, right? The stock market likes certainty. They don't like situations where there's a lot of doubt. And that's exactly the kind of situation that we're in right now. So keep an eye on all these guys. And again, very super important to keep an eye on these technicals because they're really going to indicate what you're going to be trading. So the S&P, guys, we did this yesterday as well. We drew out some very key support indicators, support levels from a couple of months back. This one was back in February and March of 2018. And we pretty much blew right through those today, right? We're at about 2575. Was that support level a couple of months back? And we can clearly see the S&P closed today, minus $54 at about $2545. So we clearly broke right through that. So taking a look back here at the three year one week chart, you know, the next support that we really could see at this point is like $2,400, right? Am I saying the S&P is going to fall that much more, right? That would be another, what? That would be another 3%, 4% drop from where we are right now, close to 5%. I'm not necessarily saying that that can happen, right? But from a technical perspective, since we did break below this, you know, the next level that we could potentially get to, guys, is this 24, you know, 2450 level for the S&P 500. And this is something that could happen again due to the uncertainty, due to there being a panicky sense in the markets right now. You guys have seen this, right? Once the market starts to fall a little bit, it's like it slips, it slips, it slips, and it starts to fall very quickly, very, very fast. That's the panic selling, right? That's panic selling. We've seen this happen so many times where the market falls 100%, not 100%, oh my God, that would be terrible. But if the market, you know, it falls 100 points, and then the next five minutes is down 200 points, 300 points, and I'm talking about the Dow Jones here. You know, this is a bunch of panic selling. So do I think it can fall down to 2,500, 2,450? I personally think that it could, judging off of these technicals, right? And again, the uncertainty and the doubt in the overall stock market. So, you know, very bad day today, guys. Very, very bad day. I cannot say that enough. But again, if you understand how to trade in whatever market situation that we're in, you know, this shouldn't bother you whatsoever, because playing both sides of the spectrum is something that I personally do, and I encourage other people out there to do that as well. And by this, I mean trading stocks when the market is super volatile and going down in price, so you can profit that way, and then taking that money and then buying longer-term positions when the stock market is down. This is something that I've been personally doing. I haven't been going out and buying a ton of long-term stocks right now, but I've been funneling money a little bit into Apple, a little bit into Facebook, taking advantage of this huge drop that we've seen in the markets. Because Apple, guys, I love Apple stock for the long term. They're going to be a huge dividend play in the next coming years. They already have a solid dividend at about 1.5%. And if they get that dividend up to 3%, which is very possible with all that cash that they do have on the balance sheet with the growth that they still have, you know, not too much growth, but they do have some steady, steady growth and, you know, growing businesses within the business, I think Apple is, you know, a very good play right now long-term in my personal opinion. And you have to do your own research. Don't buy any shares of stock. They're based on my opinion. Don't trade anything based off my opinion, right? So, NASDAQ guys, I feel like I'm dragging on a little bit here. We're already 12 minutes deep, but, you know, this is something, again, I'm very passionate about, and I could talk about this stuff all day. But let's just get a let's get a little quicker right now. So, the NASDAQ, you know, again, we saw it was down 220 and we're actually right at that support from a couple of months back, you know, same area as the S&P, I believe, back in April and what's it called, May of 2018. So, keep an eye on this level. It's looking like we're breaking below it a little bit after market hours because these are the futures guys. Remember that. And next support for the NASDAQ is going to be at about what is that, 6,400, which is about 80, 90 points below where we currently are in this index. So, again, very, very, very bloody day, terrible day out there in the markets, all the stocks, pretty much all the big stocks that are in my portfolio, we're got crushed today. But, again, this is just a buying opportunity in my personal opinion, if you do believe in the companies that you are owning in the long term. So, let's take a look now at what I traded today and I'm sure you guys can guess. If you're in the group chat, you already know that is TVIX. And this is an ETF that I've been trading a ton over the past couple of weeks since the market has been getting crushed. And let's take a look here, guys, what I personally did today in terms of TVIX. So, I traded this one twice today. I was not able to catch this amazing run that we had all the way up to here. If I did, guys, I would have made a crap ton of money today. I would have made like 10%, 9% on my position. But again, I'm more conservative. Once I usually hit my daily goal of 3%, 4%, 5%, I stopped trading for the day. I turn off my thinker swim and I pretty much just, you know, talk to people in the group chat, help out, do whatever, and do other side projects that I'm working on. But, you know, TVIX, let's just jump into it right now. And for those of you guys that don't know, TVIX is an ETF that goes up in price when the overall markets go down in price and attracts the S&P more closely than any other index. So, let's take a look here where I personally got in. I actually got in originally on this pullback that we saw early on today at about $55.10. And I actually only got 1% on this trade. We popped up here, right? And since we made it high or high, I wanted to take that quick little profit that I just got. And as I saw, you know, once we popped up here, I saw the consolidation on the EMA and I saw it struggling to break past that $56.10 range that it just set, right? We noticed that whenever a stock or an ETF pushes up to a high or high, and then on the pullback, it has difficulty breaking back above it, right? That is a sign of resistance. And we saw that earlier on the S&P, where I ended up trading TVIX again, but we'll get into that in a couple of minutes. But we see here, guys, TVIX, I noticed this triple top actually here, and we started to break back down. And I ended up just taking a 1% profit on TVIX. So, from $55.10, guys, I wrote this one up for 1%. I pretty much just took my profits as we broke below this support level here on TVIX at about what was that, like $55. And roughly $0.70 is where I took my profits. So, took my profits there, we sold off pretty heavily. And this is when the markets were actually rebounding towards the beginning of the day, towards the middle of the day. And we saw this double bottom here on TVIX, very good sign of a support level. And we saw it started to push back up above the 50 S&M, and then eventually it broke out of this 180 S&M. And this is actually where I started to add more money into TVIX as another trade. So, ended up putting money in at about $54.50, pulled back down, you know, consolidated here at $55.40, added some more money, and then I ended up just taking my profits, I believe around like $56.30, $56.40, as we got closer to that resistance from earlier on in the day. And this is what I like to call a gap fill, right? This is what I traded, and this is pretty much my strategy, you know, coming into this trade. We noticed that, you know, to explain what that means a little bit more from my perspective, again, we saw the double bottom here support level, meaning that it could reverse from this point. And we had that margin of profit from earlier on in the day of about 5%. So, what I wanted to see, guys, is for TVIX to fill this little gap, right? That's why I personally call it a gap fill. I don't know if that's what other people call it, but again, that's what I personally call it. So, you know, it is what it is, right? So, you know, I got in here a little right, and I got in again here with another position. And, you know, I pretty much rode up this gap fill. So, I got out at about $56.30, roughly 40 cents as we got to that resistance. And again, you know, if I held guys, oh my God, I would have made like triple of what I made, but again, I'm conservative, profit is profit, and I'm happy with it. So, you know, just to see the percentage on this trade, I got in here roughly again, right? And I got in here. So, I think my average position was at about like $54.80 or something like that, you know, all the way up to $56.30. I ended up making about $56.35. That's where I ended up selling, right? I ended up making about 3%, 2.8% on TVIX, this go around. So, based off these two trades, guys, I made about 4% on my position. And again, I left a bunch on the table, but I'm not mad about that because I'm all about sticking to my strategy, being profitable, right? Sticking to the goal and moving on to the next trading day. And I actually took a little loss on UWT. I believe this was in between these two trades on, you know, these two TVIX trades, like during this time period right here, I took a little loss on UWT, and I had a super tight stop loss on this one, super, super tight. And we could see where I ended up taking the loss here. So, during this time period, this was in between those two trades of TVIX. I saw this reversal pattern start to form on UWT. And this is one that we called out in yesterday's video, it obviously ended up not performing according to plan, which is why I ended up cutting my losses fairly quickly on this one. So, I ended up getting in, I believe right around like $13. I was pretty, I was in the green on this one, up 2%. Got a little greedy here, guys, not gonna lie to you. And from $13, I ended up just cutting my losses down about one, one point, I think my stop loss is about 1% on this one. So, from $13, it was 1.2 actually, because I did set it at about $12.90. So, I ended up stopping out there for a 1.2% loss. So, 4% gain minus 1.2, 2.8% growth today with the money that I traded in my portfolio in my account. And again, a little bit shy of my daily goal, right? But again, I'm super happy with it because I'm all about staying green, I'm all about being profitable, and that is what happened today. And every profitable day that I get in the stock market trading stocks, ETFs, whatever we're trading, I'm super excited about it. So, now to take a look at some other ETFs and stocks that we talked about in yesterday's video, and some that I'm watching for tomorrow before I do end off this video. So, the crude oil ETFs are UWT and DWT. I talked about how I took a loss in UWT today. And pretty much, guys, the technicals on crude oil are telling us that there's a break of pattern. So, what I mean by that is we broke below this strong support level today at about $50.50. We obviously broke below that, and that's pretty much why I ended up taking a loss on UWT, because it ended up not playing according to my plan, right? But now, we do see it's holding above this next support level actually right now at about $49.60. So, this is a level that we definitely want to keep an eye on for crude oil. And if we do end up holding above here, guys, and the fact that it is a little bit oversold, it's really oversold based off this RSI, this could be a good opportunity for a bounce back play in UWT. But again, guys, it's all about waiting for that confirmation. We're seeing some consolidation now, but a confirmation would be if we break back above at least $50, in my personal opinion, to start moving back up to that next resistance, which is now about $50.75, because once you break below the support, it becomes a new resistance. And we see that here. We do have some margin in terms of crude oil in UWT tomorrow, but we would love to see crude oil fill this gap tomorrow for UWT to be a relevant play, in my personal opinion. Is there more room to sell off in crude oil? There definitely is, because the overall pattern, guys, is still telling us that crude oil is making lower lows. It's pushing down in price. Just because it's consolidating right here doesn't mean that it's actually going to reverse and push to the upside. There's obviously still chance that it breaks this support and starts to go down in price. So it's very important to keep an eye on all news dealing with crude oil, everything that affects crude oil, and obviously keep an eye on the support levels, these technical marks and technical points in crude oil. But let's say, again, we consolidate and start to push back up. It could be a good opportunity to hop into UWT, but if we do break the support on the downside, DWT might continue to be a fantastic play. It obviously has been over the past couple of weeks. This was once a $4 ETF. It pretty much tripled three X in price over the past couple of weeks since crude oil saw one of the biggest losses that we've seen in a long time. So another one that did very well today was a natural gas ETF called degas. We talk about this one all the time. This is one that's heavily traded in the group. I personally haven't been trading this one too much because of the volatility and the lack of predicting what the movements are going to be. For me, it has really led to me staying away from these. But again, congrats to everybody that has been able to capitalize on these moves because there's been some ridiculous moves. Let's just quickly take a look at this one right now. So for those of you all that watched my video yesterday, I was talking about how natural gas obviously broke the pattern, that we were on the uptrending pattern. We're now downtrending. We're in that falling knife formation, and there could be more downside to come. We talked about how we're either going to pop back up and have some bounce back days for natural gas at this consolidation point because at yesterday's video, we were consolidating right here, I believe, from that gap down. Or are we going to continue to sell off? Obviously, we continue to sell off. Natural gas is still in that falling knife formation, which obviously helped de-gas a crap ton today since it was up 20%. So this is a crazy ETF combo, guys. Natural gas literally came up really quick, and now it's falling even quicker. So it's absolutely ridiculous. And this is why I've just been staying away because I don't want to play with fire right now, guys. These are really hard to predict. And we could catch a big move, right? Obviously, if you hopped in today, you would have made 15% on your money, 10% on your money, but I'd rather just play it safe, stick to what I understand most, which is TVIX. That's been my moneymaker over the past couple of weeks because I've been able to read the charts on the overall markets very well to be able to play TVIX. And I've almost built an intuition to the overall markets where I can sense when it's going to fall. I don't even understand how to explain that to you, but I don't know why. Maybe it's because I've been in the markets for quite some time now. I understand the charts. I look at them every day. But I've kind of built an intuition where I saw that double top in S&P, right? I talked about it in the chat. And literally from there, guys, the S&P fell 2% and TVIX shot up 10% from that point. So it's crazy how it takes some time, but you do slowly start building intuition in the markets, right? I'm not saying everybody's going to start to build that, but if you do put your time in, right? If you do educate yourself, you're going to build some intuition where you can go off your gut feeling. Are you going to be right every single time? Of course not, right? But if you do build that intuition enough, if you do study enough, right, you're going to be winning a lot of trades, especially if you just put in the time, guys. It takes time. It doesn't take a month. It takes years. So I hope you guys enjoyed this video. What I'm going to be watching tomorrow, pretty much what I've been watching over the past couple of weeks and what has been working for me, right? These basket of marketing TFs. I'm going to be watching JNUG, JDST, DRIP, GUSH, rather. DRIP has been absolutely killing it, right? This is one that everybody should be keeping an eye on because look at all these moves that it's been making, right? Natural gas. I'm going to be watching that one, although it's been extremely volatile. I might see if I can catch a move on it tomorrow. Obviously, UWT, DWT, and all these tech stocks and large cap stocks that could potentially have a bounce back date tomorrow, the next day, or the next day, if we do end up seeing some more upwards push in the overall stock market. So I hope you guys enjoyed this video. If you did, feel free to drop a like, leave a comment, subscribe, follow me on Instagram and Twitter. All the links are down below in the description box. Join the Discord. Join the Facebook. Do your own research, guys. Please, please, please do your own research. Don't trade. Invest based off of my opinion, because that's not how you're going to become a successful trader and investor over time. So I'll catch you in the next video. Have a great rest of your day. Peace out.