 What is going on everybody is Stas here welcome back to another video so in this video We're gonna be doing an overall market update looking at the Dow Jones the S&P 500 and the Nasdaq We're gonna be talking about one trade that I made today on the 1st of March in 2019 As well as taking a look at some other stocks and ETFs that I personally see potential in over these next couple of weeks in March of 2019 but before we do get into this for everybody out there that finds value in these videos you enjoy the videos here on YouTube Feel free to go down below and hit that like button and drop a comment as well What types of videos do you want me to make you have any specific requests on what videos to make here in the future? I would love to hear what you guys want to see and I'd be glad to make any videos that you guys Request down there in the comment section and if you're new to the channel feel free to join our 100% free this quarter group chat as well as our 100% free Facebook group both of those are linked down below in the description box and without further ado guys Let's talk about what ended up happening today in the overall stock market So we can see here the SPX the S&P 500 the 500 largest publicly traded US companies Ended up closing off the day today up $19 and 20 cents up around point seven percent the Dow Jones ended up closing up around a hundred and ten dollars Up around point four three percent and the NASDAQ did very well today guys compared to the three or the two rather on other indices up around point eight percent up $56 and 75 cents so overall today guys on this Friday March 1st pretty solid day out there in the overall stock market I personally think anything above point five percent in any specific index in the overall market is a very very Solid day in the overall you know indices and we saw that today out of the three major ones actually No, we did not that was roughly right around point five percent point four three percent But overall very very solid day and for those of you guys that watch my video Yesterday called S&P 500 is at a critical support level well We ended up bouncing pretty heavily at that support level that we were talking about in yesterday's video on the SPX And we can see that a bit closer here on the 30-day 90-minute chart and we can see it You know just like I mentioned in yesterday's video and like we've been talking about Over these past couple of weeks in these market update videos the SPX and the entire market in general has been trading within This channel the resistance here and the support and pretty much what I was talking about yesterday's video was that we sold off in 2815 which is the resistance here down to the support level which was at the bottom of this trend line as well as on the 50 simple moving average and We were expecting a bounce here or a break below Which would have started a downwards trending pattern for the SPX and of course now that we saw what ended up happening today We ended up having a solid green day pushing above Confirming the bounce on this support level right here on the SPX and now guys We finally broke out of that resistance actually that we were trading under yesterday right at around 2790 dollars and it's looking like we're trading in between this channel now from around 2790 2795 up to around 2815 and let me explain why that is where we're trading between right now We can see back in the beginning of November of 2018 We topped off in the SPX at about 2815 and when we sold off from there that made it a new Resistance and obviously in the beginning of december we had a terrible sell-off from the stock market very very brutal from about 2795 2790 all the way down to about 2346 and that made this level once we broke down a new resistance as well But once we break above a resistance it becomes a new support and now we can see we're slowly breaking above there We already did today and that means we're trading between this new support level And the next resistance that we see at about 2815 here in the SPX the SMP 500 so what am I watching guys over these next couple of trading days obviously today is friday What am I watching for next week? Well, I'm going to watch and see are we going to continue Pushing up here towards the next resistance, which again is at about 2815 And are we going to break that continue the uptrend pattern and start to test the resistance of the top of this channel? Which at that point guys if we did actually get above there That would be a good sign that we're slowly pushing up and going to test honestly those all time highs But let's not get too ahead of ourselves We still have a ways to go before we do test those all-time highs and we are creeping up guys slowly But surely to those all-time highs now we're about 4.6 percent off From where we are right now at about 2800 back up to those all-time highs at about 2940 so next week guys very simple, you know, I'm going to be watching to see are we going to break out of 2815 Continue the uptrend and slowly start to test the top of this Resistance and of course, you know, if we do end up pushing up more next week in the stock market guys A lot of these large cap stocks are going to open up some nice Opportunity a lot of these ETFs that we trade these market ETFs that trade based upon the spx and the entire market And they benefit whenever the market goes up. They're going to be very great plays as well TQQQ being one of them, right? So keep an eye on those and especially the pattern and the resistance levels that I just talked about here for the spx So the Dow Jones today guys Like we said up around 0.43 percent pretty solid day up about 110 dollars And we've been saying that we've been trading in between this channel here from the resistance back In the end of november, which is obviously now a new support and the resistance from back in the beginning of november So the beginning of november resistance and the end of november resistance is where we're trading between Right now in the dow Jones. So we ended up popping up a couple of days ago back up nearly to 26,200 dollars ended up getting rejected by that resistance We pulled back held the old resistance as a new support And now it's looking like we're slowly starting to bounce off the support of this channel And I know this doesn't look exactly straight, but You guys get the idea, right? We are bouncing towards the bottom of this channel towards the support level and we're slowly starting to push back up So very similar to the spx guys I'm going to be waiting for this upcoming week to see Are we going to continue this uptrend? Are we going to bounce here and push and test the 26,200 dollar level? Are we going to break that and potentially get closer to the all-time highs? Which at this point we're about 3.3 percent off You know, that's what i'm watching for and i'm very very excited to see what is going to end up Happening and one of the stocks that i'm currently swing trading right now Is a part of the dow 30 and that is Johnson and johnson and that one's been doing very very well recently and we're going to be talking about that In a couple of minutes here, so stay tuned for that But overall the dow Jones pretty pretty solid day today and the nasdaq Up 0.8 percent like we said up around 60 dollars on the day A lot of the big tech stocks did well today apple up about a dollar 85 up around 1 percent pretty solid there Facebook up around 0.5 percent today amazon had a solid move of about 2 percent today Netflix was down today, but google up around 21 dollars up around 2 percent and microsoft keeps on trucking guys Remember i traded this one a couple of or last week or the week before i swing traded this one Ended up getting out a bit early and since then guys, it's just continued to push and push today up about 0.45 percent And for all you that don't know the nasdaq is a tech heavy Index and whenever we see the nasdaq do well, you better believe the tech stocks Especially the individual big large cap tech stocks are doing pretty well As well so in terms of the nasdaq here guys We're looking to trade between that same channel like we're trading in the dow and the spx right no difference here Between the nasdaq the dow and the spx. I mean obviously there are some slight differences The dow is already trading in between that channel from the uh, you know two old resistances right the spx Is slowly starting to get in there right now and that's the same situation as the nasdaq right It's slowly starting to get in here and looking to trade between 70 150 dollars Which honestly guys it's already holding this old drive resistance roughly as a new support based on today's trading And now we're looking to gap fill up to about 7,230 dollars and from there if we do end up breaking above there guys And we do end up filling to the top of this channel We're going to be you know trying to test the all-time highs again in the nasdaq but The thing here is that the nasdaq's actually fairly far off from The all-time highs about 7 percent compared to about 3.5 percent with the dow jones and about 4 percent With the spx so the nasdaq does have a bit more ground to cover here You know in terms of getting to those all-time highs, but again with the type of market we're in guys We're seeing a bunch of green right now. There is a bit of optimism right in the stock market So we could potentially start to push out of these Excuse me out of these resistance levels this upcoming week, but again only time will tell and that is why We do daily analysis here on the youtube channel And you should be doing your daily analysis on the overall markets and the three major indices that comprise the us markets So we can understand where we are headed guys because let's say we take a couple days off a week off We're going to miss the whole picture of what's going on Obviously we can come back and look at what's been going on But trust me it benefits a lot to do your research Daily and do your analysis daily rather than doing it once a week or once a month Especially if you want to become you know a good trader and investor and a good You know person that understands the market. Well, right if you want to understand the market Well, it's very important to just diligently do this stuff Every single day So that's what the overall markets are looking like based on the close today guys friday march 1st 2019 so what did I end up trading today for all you that watch my morning video I talked about a couple of stocks and ETFs there and really only one of the ones I talked about I believe Did well right and that was DWT I talked about tesla We saw tesla ended up tanking today. I talked about square square ended up tanking today as well Jnug I talked about jnug jnug ended up tanking as well So a lot of the ETFs and stocks that I was watching this morning Didn't go as planned didn't go too well Right and really I didn't end up trading them due to that But sometimes that does end up happening sometimes the stocks you're planning to trade a lot of them Maybe sometimes all of them won't go your way But the one that did go my way today guys and the one I did end up trading was DWT and for those of you guys that recall in my video this morning We were talking about this double top formation here on crude oil And for those of you guys that don't know a double top is a bearish pattern So we saw a top off here a couple of weeks ago about a week ago actually Two weeks ago at about $57 and 50 cents for crude oil We pulled back we held a higher low The uptrend was still being continued at this point in time here when we pulled back And slowly started to push up and what we wanted to see for the uptrend to continue even further and to potentially play UWT was for us to get out of this 57 50 resistance to push to another Higher high right that's what we want to see for the continuation of the uptrend And we saw this morning guys We were seeing a strong resistance on this level right here at this level at about 57 50 And I was looking to see if this was going to be either a double top formation If we were going to pull back heavily from this resistance to play Or were we were we going to break out to potentially the $58 level 5850 to play UWT and for those of you guys that don't know Let me clarify this quickly because we do get new viewers on the channel every single day for those of you guys that don't know UWT is a bull ETF meaning it goes up in price whenever crude oil is going up in price right UWT Take a look at this when it's been going up in price We can see it literally has pretty much the same exact chart as crude oil But whenever crude oil is selling off, we're trading and you know DWT typically goes up or it does go up rather not typically it does go up when crude oil ends up selling off And we can see it has a very pretty much the opposite the opposite of the of the chart It's like a mirrored mirrored image in a sense right you can see DWT crude oil It's like you flip the chart right you can see that very clearly So we saw the top off here at about 57 50 the double top formation very bearish and we started to sell off Pretty heavily heading into 9 a.m 10 a.m here and then we can see that once we start to sell off very very heavily DWT if we go on this chart very quickly go to the one day one minute We can see it's spiked up like crazy right from about 790 in pre-market hours We sold off to 767 which initially ended up opening up a nice margin of profit And then we filled that entire gap and once we broke this gap here guys That's actually when I ended up building a position to start and trade DWT because at this point I saw crude oil was selling off very aggressively. So this was a very quick little scalp trade in UWT I literally took about a 1.75 percent profit in the matter of like five 10 minutes trading UWT This was a very very very quick in and out trade So this was actually one of the few day trades that I did end up taking this week and honestly guys I'm very happy with it and I finished off this week pretty strong Friday on a strong note And for those of you guys that don't know typically on Friday Um a little bit more relaxed when it comes to trading not really relaxed But I don't try and force anything I wait more and I'm really just patient on Fridays guys and I wait more for opportunities to come to me Although I do do that every single day But I'm extra patient on Friday because I don't want to ruin a week's worth of gains You know on one bad decision on an impulse decision, you know at the end of the week on a Friday So that's what I ended up day trading today guys DWT For those of you guys that don't know I'm actually in coca cola as well ticker symbol ko Did not end up adding more shares into this one. I'm still holding my initial position where I got in At about 45 dollars and why am I still holding guys? Well, I'm still holding because I want to see if we're going to break out of this 50 SMA resistance and initially or Ultimately break above the 46 dollar resistance where I do plan on adding more money into coca cola So not much movement guys today at all up about four cents on the day Literally barely any movement at all in coca cola and I do feel comfortable Holding this one over the weekend not really scared to do that whatsoever So that's what I'm doing in terms of coca cola plan on adding more above 46 dollars and plan on cutting losses If we do get into the 44 20 level $44 flat in terms of coca cola and for those of you guys have been paying a lot paying attention Over the past couple of weeks here, you know J&J is a stock that I've been in for about two three weeks at this point as a swing trade Right, so I've been in since about 135 ish, right 135 136 right around here I ended up getting in and this one's just been nicely slowly trucking along pushing up making about 0.5 You know per week at this point on on you know on average 0.5 1% per week And today we had a very solid day up about 1.25 percent And I do plan on selling J&J at about 140 dollars, which is a previous support Which is now obviously a new resistance since we did break below that level So that's a quick little trading update guys still holding J&J coca cola day traded dwt today Let me know down below in the comment section. What did you guys end up trading today? I would love to know so in terms of some other stocks here on my watch list We talked about square This morning and we saw a huge dip on square stock today down about four dollars or rather four percent 4.65 percent and what I want to see for this upcoming week And I'm going to be talking about this more on sunday's video because on sunday's video I really break down, uh, you know what I'm watching for the upcoming week I typically go between uh, you know through 10 to 15 stocks on that day But to really just give a quick little gist here What I'm waiting for is I want to honestly see if we're going to hold this 50 sma as a support now With this big dip and that really just opened up a nice six percent margin of profit So in square, I want to see if we're going to hold this slowly start to push back up and test that $81 resistance level And on tesla guys, we saw a huge drip dip today from about 315 literally down to about $294 so are we going to see some push back up in tesla stock this upcoming week to capitalize on With that loss that we saw today. I'm very interested in seeing if that is going to end up Happening and another one guys. I know I traded dwt today Now I want to see if I can hop into crude oil If it does end up pushing back up a bit here And we're going to see whether or not it's going to hold this old resistance as a new support at around 55 50 If it does slowly start to push back up You know, this could be a good opportunity to hop into dwt This upcoming week so again guys if you want to see a further breakdown on a lot of stocks that i'm personally trading For this upcoming week subscribe to the channel if you're not already subscribed on sundays I go through about 10 15 sometimes even 20 stocks that i'm watching and that you guys actually Shout out either on youtube on the comment section on discord on facebook on ig Wherever so if you guys have any ticker symbols that you guys want me to talk about drop a comment down below Right now and i'll talk about that stock etf whatever it is in the next Video so I hope you all enjoyed this video if you did feel free to drop a like leave a comment subscribe 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 100 free. I'll catch you all in the next video. Thanks again for watching. Peace out