 What is up everybody it's Stas here and in this 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 talking about what I did today in terms of my trades as well as some stocks and ETFs that I'm watching and looking to trade right now in the stock market in the month of November in 2019 and as you guys read in the title yes there are two stocks that I think offer a lot of potential right now a lot of value right now and that could break out and give us 10, 15 even 20% gains and I want to go over those two in particular in this video as well as you guys and D gas because let's be honest those are two of the most requested tickers in the the community and honestly across the YouTube channel here so all I ask from you is if you enjoy the video if you enjoy the content find it informational feel free to go down below or informative not informational informative feel free to go down below hit that like button consider subscribing if you want to see further content for me and don't forget to join our StriveSmart discord group chat and our StriveSmart Facebook group all of those are linked down below so let's get into it starting off with the S&P 500 here guys with about 12 minutes left it's currently down about 8 points down about 0.25 percent down a quarter percent here on the 11th of November and if we're just judging off this hourly chart here guys the uptrend is still holding itself so despite the fact that we are red right now we're probably going to close red unless something crazy happens here in the in the next 10 minutes you know we're still maintaining that moving average which over the past couple of weeks as you guys can see here again on the hourly chart we've been holding it as a support you know making higher highs making higher lows and really just continuing the uptrend you know over these past couple of weeks so at this point I'm not worried that the uptrend is breaking I personally think this is simply a cool off period before we continue to a potential all-time high again and honestly before we continue just continuing this uptrend honestly so at this point guys the fact that we are looking like we're probably going to close above 3085 here 3080 that's a good sign because that's an old resistance that was an old all-time high and again closing above that level we'll be closing us above the 50 SMA as well so this is simply just a cool off period in my opinion in terms of the S&P here clearly just trading between you know that 3080 level and about 3097 so tomorrow what I'm going to be watching for you know what are these futures looking like in the morning what are these large caps looking like you know if we're gapping up let's say the futures tomorrow morning are up quarter of a percent 0.3 whatever it may be that could be indicating to me to us as traders and investors that we're gapping up and we're looking to fill up to that previous all-time high and ultimately potentially break out and make an all-time high so that's what I'm watching for but you know one thing that I'm worried about is if we actually break this 50 SMA on the downside we may be going down to maybe 3067 which is a support that I'm looking at right now and if we break that we may be going all the way back down to 3045 and at that point that's going to be a pretty sizable correction where we would probably find support in my opinion on this 180 SMA on the hourly chart that's again if we do end up selling off all the way down to 3030 3045 but at this point guys one step at a time watch these levels first before we talk about those levels on the bottom so overall you know that's kind of my thoughts on the S&P just cooling off a bit and again I'm interested in seeing what's going to happen over these next couple of days in terms of those technicals so the Dow Jones right now it's pretty flat believe it or not down about nine points heading into this close in about nine minutes down about 0.03 percent and if we go to that hourly chart just like the S&P you guys can see although there is a bunch of mumbo jumbo here which I am sorry about you guys can see that this 50 SMA this green line just like the S&P is being held as a support and today we got a critical guys critical bounce on top of that 50 SMA on at a higher low right at about 27 500 and we kind of rallied pretty heavily from there and you guys can see on this one day chart exactly what I'm talking about this is pretty impressive right we gap down from Friday's close all the way down to 27 500 then we pretty much filled the gap all the way back to where we closed out on Friday we kind of plateaued a bit above there we were green for this part of the day and now we're kind of selling off again heading into the close but nonetheless I think this is a pretty good move for the Dow which in my opinion is why it's remaining bullish because again this big pop here equates to a nice 50 SMA bounce on that hourly chart so what am I watching for going forward here very similar to the S&P you know is this thing going to maybe pull back down to retest that 50 SMA or tomorrow is it going to pop up break that all-time high and ultimately hit a higher high to continue that uptrend pattern that's kind of what I'm watching here you know a bigger pullback maybe bring us down probably to I'd say you know 27 400 which is an old all-time high we would probably hold that as a support maybe even down to 27 300 on the downside so those are some levels on the Dow Jones that I'm watching right now the NASDAQ guys down about 15 points right now and again I apologize for all the mumbo jumbo these are just notes that I'm you know not really notes but trend lines you know supports resistances that I'm drawing out throughout the day to help myself but let me explain it to you very quickly to kind of get a better understanding so these levels are obviously the main levels on the NASDAQ right down 15 points down 0.2 percent right now so all you're going to have to worry about now in my opinion if we pull down is this 81 20 level as indicated by this red trend line right 81 20 if you guys have been following the NASDAQ and the markets in general you know this was an old all-time high you know for the index right around here so ultimately I think if we were to see a further sell off a correction of about 3 4 percent probably not 3 4 percent actually what maybe 1 2 percent we may be going down to this level at 81 20 again a very critical level and we may be holding that point as a support before you know continuing up or you know potentially breaking it and selling off even further but at this point as long as we're holding that 50 SMA we're probably not even going to go back down to 81 20 but the second we break it if we break it in terms of that 50 SMA we're probably going back to 81 20 but at this point just watching it you know upside of you know of about a couple percentage points probably less than 1 percent at this point to the all-time high and if we break that of course there's even more than 1 percent in terms of you know if we get back to another all-time high and even further up right so that's kind of what I'm seeing on the NASDAQ right now in terms of the overall markets as well so let me know down below in the comments what are your thoughts on the market today wasn't a great day it wasn't an extravagant day but it was one of those days where we saw a bit of cooling off so I think this is setting up for either a massive pop tomorrow or the next day or maybe even a further pull down tomorrow and again keep an eye on those futures guys keep an eye on those large caps so what did I personally do today guys well the truth is I didn't really do much trading but initiating one position which is kind of going to transfer us into those two stocks that I'm watching right now because one of those two stocks is a stock that I initiated this position in so we might as well just talk about that and just hop into the two stocks in general so PayPal is that stock guys I know I've been talking about it a lot on this channel but I finally initiated a swing position in PayPal stock right now ticker symbol PYPL and this is a stock that's kind of been choppy over the past couple of weeks let's be honest with ourselves right if we look on this hourly chart you know this is very difficult to trade right and went from 102 down to about 94 bucks a reported earnings it shot all the way back to 108 very very choppy again guys like I said and we sold off all the way back down to 100 bucks which again very very choppy right so now it seems like we found support at 100 bucks which I think is very attractive right if we go back to that four-hour chart you know you can see this general 99 100 101 level is where we double bottomed a couple months ago um really about a month ago in the beginning of October right we we briefly held it before the earnings report again we dropped below it but ultimately we broke above it after and ran all the way up to 107 and now again we're pulling down and it's been a couple of days that we held 100 if we look on the five day chart you can see it was one day two days three days four days and today was the fifth day that we really confirmed 100 bucks 101 as a support and we actually started to break up and this is what gave me the initiative to take a position in PayPal and let me read you guys what they reported very briefly in terms of earnings and kind of their um you know guidance in terms of their EPS for the year which is actually outpacing what the analysts were expecting and that's kind of a positive thing in my opinion especially as I'm looking at this from a swing trade perspective so I'm pulling this up on my phone right now PayPal had EPS of 61 cents versus the 52 cents expected so they crushed on EPS and again this was back on I believe the 24th of October their revenue came in at 4.38 billion and that also beat um the analysts expected revenue which was 4.35 billion and the interesting thing is back to that profit for the year in terms of EPS you know analysts were expecting 2019 profit to be 2.97 but now PayPal has adjusted it to expect 3.06 per share to 3.08 and that again if they hit those targets in Q4 here you know that's going to be incredible if they you know exceed or even hit that total profit goal for the year and I think that's going to be really all all all PayPal needs over these next couple months one two three months to get back up to that 110 level 115 level maybe even back up to 120 bucks so at this point I'm viewing this as a longer term swing trade so I initiated a smaller position today because whenever I'm swing trading guys I'm not hopping in 100% right away I'm buying in it depends it depends on the swing honestly but typically I'm buying in 10 15 20 percent at a time so at this point I think I bought in 10 15 percent of my goal position at around I believe it was one I think it might have been in the 101 90s 101 90 92 or something like that I bought a little bit and in my opinion it closed very bullish well in a minute it's going to close very bullish here at a higher low and hopefully we see a little bit of a pop after hours as well so I'm feeling comfortable right now with the initial stake here and ideally guys for me to add more on a technical basis here because we look at fundamentals and technicals it's going to be if we break on a technical basis this 180 and this 50 SMA being that yellow and that green line on this four hour chart because these levels have been resistances so for me to be comfortable adding another 10 15 percent that's where I'm looking to do it probably 104 maybe 105 those are you know areas where I'd add more money probably more money at 108 maybe some profit taking at 110 before potentially adding more if we break that level but of course I'll let you guys know that here in the next couple of weeks so there goes the market you know Dow ended up closing green very very briefly or slightly rather the S&P down about seven points NASDAQ down about 10 points so pretty flat day overall and yeah so that's what I did in PayPal that's the first out of the two stocks that I'm watching that have a lot of potential from here in my opinion in these last couple of months of 2019 and that second one is going to be Shopify guys and Shopify I've been talking about this one as well this is a company that has had ridiculous growth right if we're going to that three-year one-week chart you know you guys can see this is insanity right from 37 bucks up to about 400 that is a tenfold guys if you were to put a thousand bucks you'd turn your thousand into ten thousand um pretty much since about three years ago in the month of November of 2016 literally guys which is a return that's absurd right you'd blow the markets out of the water if this was your only investment but anyway we're seeing a sizeable retracement and we've seen a sizeable retracement in Shopify over the past couple of months from 409 down to about 300 bucks right that's a potential that's opened of around 30 percent and we're seeing something similar here to PayPal right we're under the moving averages on the four hour chart and we're kind of finding a support at a very critical spot which in this case is 300 bucks and let me show you guys why so a couple months ago back in June we held roughly 295 300 before we hit that 400 level so that's one jump or a bounce or a hold at 400 300 right so that's one point of support back in the beginning actually more towards the end of September we held it right towards the end of October we held it twice right double bottom before we tried the breakout but we failed to right and now we kind of dip below it in this past week but we're finally recovering back above 300 and we're actually doing quite well despite the markets being read today up about six bucks on Shopify up about 2% here and they reported earnings which kind of led the stock to go down a bit further here down to about 280 a couple of days ago and they reported EPS of negative 29 cents so they lost they lost money versus the 11 cents expected so analysts expected a profit for Shopify they did not come out with a profit so that's kind of negative but their revenue here hit 390 million versus the 384 million expected so if we're looking at Shopify here um this is a more risky play in my opinion than PayPal but it has a lot more upside than PayPal actually let me let me double check that because we had 30% on Shopify profit potential but PayPal might actually be close to that as well um no it's not it's about 16% so it does offer a lot more um than PayPal and the thing is with Shopify guys you know and a lot of these growth names that kind of run like crazy when when there's hype behind them you know they could report EPS that's poor like Shopify did but investors and traders in a week two weeks three weeks they might forget that right and let's say you know the stock sees a technical break they might hop in regardless of what that EPS is because that's kind of how growth beasts um not all of them but some growth beasts they trade that way right you know they see massive dips you know people hop in on those dips and sometimes you know the stock ends up rallying way way harder um again despite maybe an earnings is bad despite you know a miss on EPS or revenue um you know that's just kind of how it is right i've been watching a lot of stocks you know Roku's another one that's like that you know they they they crash after earnings you know and now watch them go all the way back up to 170 right it's very very possible so Shopify that's kind of how I'm viewing it right I won't take a position in this one um until we break out of those moving averages I know I took a bit of an early position in PayPal because I actually see this as more um of a safer move than Shopify but Shopify I want to wait and see a break into at least probably 315 before initiating a position um that's just me that's just kind of my risk tolerance um with it and of course if it breaks below 300 um that could be a potential head and shoulder pattern and we may be going down even further from there but at this point I'm just playing it by ear and watching those moving averages because you know again growth growth monsters like Shopify they can catch on fire very quickly they can they can go 10 15 percent in a week and we can be here in no time and then it could run up to 400 in no time and uh that's kind of what I'm waiting here I'm just waiting patiently for that pop and then of course I'll end up buying in and I'll let you guys know so those are two stocks that I think have a lot of potential here Shopify and PayPal now let's go over natural gas very quickly you guys and kind of some other watch lists and stocks that I have here um very very briefly before I do end off this video so you guys today guys saw a onslaught right it got crushed 15 percent which kind of you know reiterates my point that I make a lot on this channel never hold these over the weekend never hold these overnight at that point in all honesty right you know because this can happen to you if you were holding this from Friday hoping that it was going to go up on Monday you would be down 16 percent and really you're back holding right now right so this is really a prime example of why you shouldn't but now that it made this move to the downside we have to analyze this and see what could happen now right so you guys de-gas they follow natural gas natural gas whenever it's going up that's when you guys is going up whenever natural gas is going down de-gas is going up so you can imagine de-gas did amazing today and you'd be right right it was up 16 percent up 15 bucks but going back to you guys we can kind of see here on the 20 day chart this is looking not too good we hit 290 got rejected um right you know I was hoping we'd hold 275 we gap down below it yesterday and yesterday's video I was talking about we might hold 268 we ended up breaking that the uptrend trend line that I have here we broke below it completely now the only hope I'm having is we end up holding 258 to 260 as a support which honestly a lot of people in the discord chat which again is linked down below have been talking about this level at about 258 260 so at this point that's kind of where I'm looking for at the bottom out right you can kind of see this you know this is looking like a head and shoulder starting as well to be honest right left shoulder head maybe we hold this level 260 again like I said that kind of makes sense because the RSI is very oversold you know if we start the pot from here maybe we get back up to 275 again right and from here guys if we break out no head and shoulder will be forming but if we start to get rejected again at 275 we start to fall down a bit you know that could be a right shoulder and ultimately we could be back down to 258 or even lower right that that's that's one scenario that could potentially play out but being honest um you know looking at the fundamentals here you know if we start to get withdrawals from natural gas you know demand's going to go up here in the next couple of weeks heading into the cold months um you know of the winter I personally still think that this has more upside potential I don't think this is going to crash through the roof right now because it doesn't even make sense right because again inventory reports they're all about supply and demand if people are withdrawing right if there's a lot of you know demand for natural gas what's the price going to do it's going to pop up it's going to go up it's going to be bullish so at this point I'm still sticking to my guns um you know I still think natural gas has potential to get over 293 bucks this winter um and really I'm just looking at this as a pullback and I'm just letting it wiggle out here over the next couple of days before I really do initiate um either a position in you guys or degas um and honestly I'm probably not going to be swinging them because I never do that unless it's in my smaller account but you know before I do make even a day trade I want to see what it does in terms of holding that 260 to 262 level like we talked about so if we break that level guys you know degas is going to be um in play again tomorrow because that's going to be pretty bearish for natural gas right if we go back to natural gas we break 260 we could be gapping down to 248 which opens up a massive window of profit on degas right and let me just quickly calculate how much of a percent drop that would be for natural gas about four percent four percent times three which is what degas goes up whenever natural gas is going down that would be a move of around 12 percent for degas if natural gas does that dump down there but if we hold it guys run up to 290 above three bucks obviously you know you guys are going to be massive right you know we saw a massive pull down um you know down to 15 bucks from 20 that's opened up 24 percent profit if we get even higher than that obviously we can make 30 35 percent um you know even 40 percent if we get even higher than that so overall I'm watching it you know I'm keeping my eyes on it but I'm not rushing I'm kind of letting things play out I'm kind of letting the fundamentals play out um and really looking to see what this Thursday report at 10 30 am is going to be looking like because that's going to give us a gauge for the next week of what natural gas prices could be doing so overall that is it for natural gas that is it for you guys let's kind of go rapid fire now on a couple of stocks um on my watch list here apples up two bucks this thing is not stopping guys this is probably the hottest stock in the stock market right now um you know I you know this is just insane right you know one side of me it's like short short apple stops but the other side of me is like you're crazy if you're shorting apple right so I'm just letting it go at this point um I own it in my long term accounts I might even consider trimming some profits at this point because I'm up so much on my apple position guys it is ridiculous if you remember a year ago um I don't even know how many of you guys have been watching me for a year but a year ago I was buying apple heavily um in the 140s and in under a year guys I've made like 80 percent on those shares it's insane not maybe not 80 maybe like 60 70 percent close to that 70 ish percent on the shares which is out you know insane right and the name and game of investing is buying a company you believe is undervalued you buy that company and you sell or start to sell some of the shares when you believe it's getting a bit frothy when you believe it's getting a bit overvalued even if that's within a one year time period that's kind of how I do it a lot of people would be like don't do that because your taxes will be higher which is a very good point right but if it runs so much in a year guys under a year I'm still willing to sell out or not sell out completely but trim some profits even if I'm paying a larger tax than I would if it was a long term capital gains tax for example which is anything over one year so apple I'm watching that of course you know biggest one of the biggest stocks in the market you know Amazon right now down about 14 points um kind of weird in a horizontal pattern right now not really doing much over these past couple of days um you know Facebook dipped into the 180s today guys not looking too good but ultimately still holding this trend which is a a good sign for the bulls out there we have Microsoft hitting 146 today guys wow very strong move in Microsoft Disney another stock that honestly I'm kind of looking to enter this one potentially tomorrow we didn't get that move that I wanted that I talked about in yesterday's video which pretty much was getting it at 138 that never happened it actually dipped even further down which honestly is good because that opens up even more money for me to make so I might enter here potentially sell at 142 that could be a potential goal um um here for Disney and you know that's pretty much it guys I don't want to hold you too long in this video and um one more thing actually BABA is one that you should be watching because they reported um 30 billion dollars in one hour they they sold um I think it's 30 billion it was like 14 billion again um in terms of the Chinese currency which equates to around 30 billion dollars I believe correct me if I'm wrong but there's been a lot of protests in Hong Kong guys I believe the markets there were down like 2.6 percent um in a day or something like that there's been killings riots protests so that is actually why this thing and JD.com and a lot of the Chinese stocks dipped this morning but they ended up rallying so these are ones to definitely watch and JD I believe is reporting earnings um either today either tomorrow one of these days they're reporting earnings and that could be an earnings play as well so pretty much guys that's it for the video if you enjoyed it feel free to go down below hit that like button consider subscribing if you do want to see further content from me and if you want to be further connected with the community the StrifeSmart discord group chats link down below the StrifeSmart Facebook groups link down below as well as the StrifeSmart merch if you want to support me and support the brand so I'll catch you all in the next video thanks again for watching peace out