 What is going on everybody is Stas here welcome back to another video so in today's video we're going to be doing an overall market update taking a look at the Dow Jones the S&P 500 and the Nasdaq we're also going to be doing a trading update talking about what I personally did today in the markets as well as some stocks and ETFs that I'm watching to trade here in the month of September towards the end of the month in September heading into the month of October in 2019 so if you guys find value in this video if you enjoy the content that I'm producing here on YouTube feel free to go down below and hit that like button consider subscribing if you want to see further content involving the stock market trading and investing and let's get right into it starting off with the SPX also known as the S&P 500 the 500 largest publicly traded US companies you guys can see this one ended up closing down $14.75 today down 0.49% almost a half percent in the red today the Dow Jones industrial average down a bit more than the S&P down 0.59% almost 0.6% on the day down 159 points and 72 cents here the Nasdaq guys took a bigger hit today down $86.25 down 1.09% on the day you guys saw tech down here you guys concede tech actually I don't know if you can see it because my face might be down there but Facebook was down 21 cents nothing really crazy there but Google is down eight bucks Netflix was down a big $15 today Microsoft down $1.63 and Apple down $3.23 so tech overall was red that obviously has a big weight on the Nasdaq hence why the Nasdaq is down 1.09% so going back to the S&P 500 guys I want to talk about some technicals here that I'm seeing that aren't too good from a bear or rather from a bullish perspective they're really good these technicals from a bearish perspective if you have a bearish outlook on the market and let me explain why so we can see here on the four hour chart the 184 hour chart on the S&P the all-time highs at around $3,027.98 we actually almost tested that all-time high on the 12th of September but if you guys can zoom in you can see we got rejected at about 30-20 on the 12th of September well we pulled down we held the 2990 level of support as you guys can see here which was a good sign at the moment at that moment in time because at that moment in time we could have potentially popped and broken out of that resistance and then continued the uptrend and then hit all-time highs right at that moment in time that was still a scenario a possible scenario but now that we can see and kind of rewind into the future or rather fast forward into the future from that point in time because things have already played got rejected again at that 30-20 level which is not good for the bulls out there from a technical perspective and what's going to make this even worse for the bulls is if we close below 2990 in this upcoming week one good thing about the bulls for the bulls is that we did close above 2990 today which is that support that we held above a couple of days ago and also a couple of months ago so that is a good sign but once we do if we do break 2990 you know this could be free falling all the way down to about 2950 and from there we might see a potential hold on the moving averages the green and the yellow lines that you see here the green being the 50 SMA and the yellow being the 180 SMA these could definitely act as supports you know if we do end up gapping down and really just breaking 2990 on the SMP so right now the performance of the market guys is signifying or really sending a signal to me that we may be further selling we may see some further selling off here in these next couple of days and I'm keeping an eye on the futures heavily on Sunday to see where they open out at right 6 p.m. Eastern Standard is when the future is open you know if they're gapping down pretty big in the red in terms of being red you know down you know that could be signaling to us that we may be opening up somewhere down here below that support and we may be dropping further from there so those are just some key levels I'm watching you know if we zoom in here on the 20 day one hour you guys can see you know the double top which is not very good for bulls that's a bearish sign you know we broke that 50 SMA on the hourly chart here and again you could see it a bit closer here that we are holding and we did close above 2990 so that is pretty good but again the way things are looking guys I see this dumping and potentially testing 2950 this upcoming week you know maybe that 180 SMA on the one hour chart and all the other points that we talked about a couple of seconds ago here if we go to the Dow Jones industrial average you guys can see on the 20 day one hour chart similar to the SMP we got a double top which is very bearish we broke the 50 SMA support here on the 20 day one hour chart and now we're holding we closed above the 26,900 level of support which is very very good for the bulls out there but again a gut feeling is telling me we're going to be selling off we're going to be breaking below this level and maybe potentially going down to 26,600 which is which would put us right on top of that 180 SMA that's been a support here on the 20 day one hour chart for the Dow over the past couple of weeks here right you guys can clearly see that and if we zoom out a bit the overall channel we're trading in and we've been talking about this on all of these videos that I put on YouTube here is between 26,900 and around 27,300 which roughly is that all-time high so the fact that we struggled very heavily to break out of this resistance to hit another all-time high that was very bearish in my opinion right that's a bearish signal we dumped and now we're testing that critical support which again like I said you know if we break that we may be selling off even further so going to the NQ guys you can see again it's down 86 points right now on the close we actually broke a very very critical support here which is not good at all for the NASDAQ being at around 78,70 that's roughly that area that we peaked out at towards the end of April towards the beginning of May in 2019 you know we obviously sold off that month I know you guys remember that May month it was a pretty big correction in the market not as big as December of 2018 but it was a pretty decent correction and from there we hit the all-time high thus breaking out of that previous resistance at 78,75 making it a support and we sold off making it a resistance again and then recently guys a couple of days ago about eight days ago we broke out of it making it a support again and you guys can see what happened here at the all-time high at around 80,50 we got a double top and now we're dumping yet again we broke that 50 SMA which is bearish right we broke that 78,75 level of support which is bearish so keep an eye on this upcoming level of support on the NQ I have a feeling we're going to be selling off to it which is at around 77,50 as you guys can see on this chart it was an old resistance where we kind of triple topped then we broke out of it thus making it a new support so right now we're trending between 77,50 and around I guess you can say 78,70 so that's a tight window of about 120 points that the NASDAQ is currently trading in so if we zoom in a bit more um to this 20 day one hour you guys can see here you know higher highs higher lows until right now that we dumped we did not get that higher high to continue the uptrend we got double topped we're dropping and you can just see the bearish trend starting to form slowly it's not fully formed guys don't get me wrong this is not a fully formed bearish trend quite yet because you can see we're still technically holding that uptrend trend line but once we start if we start to break down to the 76's 77's you know that's going to be forming a deeper and deeper bearish pattern and obviously from there you know we could trade a bunch of you know market ETFs that go up whenever the markets are selling off which is what I'll be talking about next week in the video so subscribe in the the case that the markets do end up dropping right if the markets drop next week which they could based on these technicals you know that could give us a lot of opportunity in these short market ETFs so that's kind of my thoughts on the market right now from a technical perspective let me know what you guys think today I'd be very interested another thing to throw in is the VIX the volatility index was up 10% today that's pretty pretty big up $1.27 here you guys can see you know we hit a we hit a point in time where we've been at a point in a point in time where it's been falling pretty aggressively right you know as these markets have been continuing to go up you know the VIX went from about you know in that month of October or not October rather August when we got that big sell off another big sell off right you know the main month you can see it here August we got the sell off the volatility you know the VIX went from 12 all the way up to 24 so that was a double up there then we went from 24 all the way back down to 13 as the markets were you know kind of settling moving up at a slow pace you know the VIX started to drop and now with the slight pop you know this could indicate some volatility coming guys especially if those technicals play out the way I think they will in terms of the major markets you know if they start to drop the major markets you know and this breaks out of the moving averages this could be a mover here which we all know well probably 80% of you guys know that when the VIX is up markets are down what is very very good to trade TVIX which goes up when the VIX is going up and again when the markets are going down so now that I threw in the VIX there guys let me know what you think about that right drop a comment down below the markets in general what you're watching I'd love to know what your thoughts are on everything right now so to talk about what I personally did today in terms of my trading guys I didn't trade TVIX which would have been the perfect move for me today and the truth is guys I actually didn't really trade much other than taking a little loss on Activision so Activision Blizzard this was a stock that I was initially looking to hold for a month like I mentioned a couple of videos ago right but ever since I started building a position well really I've only put one you know stake into Activision you know it hasn't really been playing out the way I wanted to so with the markets looking the way they are right now with the potential to dump I kind of wanted to play it safe here with Activision Blizzard take a little loss and wait for a potential re-entry maybe if we start to dump here and head back down to 52 dollars maybe if we break out of 57 hold that level as a new support and then maybe start to climb back up into the 60s right which actually was the initial plan and you guys can see for yourselves you know at this point Activision has just been struggling very heavily here right very heavily since the 5th of September you know it's been getting rejected multiple times you know at that level at about 56 and ultimately guys I probably got into this position a bit early because I got in when it didn't really confirm the hold on the new support and for those of you guys that didn't know the original plan with the swing trade here you know it was to get in at about 56 and then ride it up to 62 but with how fast Activision did initially pop you know this one could be just tuning up for a bit of a sell-off here to bring that R side down a bit for it to cool off but ultimately if it settles here at 52 dollars 53 even this could be another dip buy where you know I could be hopping in again right and that's the thing guys you know if you see a swing is being slow you know it's slow to kind of pan out it's okay to hop out with a little bit of a loss initially and then wait for it to play out and then maybe hop in for a potential re-entry right you know my again my initial position with this I wanted for it to climb up here but now that I'm thinking about it you know that would be a pretty quick move from 48 all the way up to 62 you know we might need to see a cool off a bit so that's why I took the little loss if you guys remember you know I was in at around 55-10 you know we closed the day at about 54 76 if we zoom into the one day one minute you know you guys can see we were trading up we were trading up we got hit again at that resistance we started to dump and then ultimately I just took my losses um I think it was literally right not actually no it was not right before this big dump it was after this little pop you know after that dump is when I just started to take my money out of Activision but this is not saying that this was a failed trade well I guess you can say it was a failed trade because I did lose money but I'm playing it safe at this point because if these markets dump next week guys I'm scared that I'm going to be caught in a little bit of a situation I guess you guys can put it right because if the markets dump at the dumps with the markets if that does end up happening you know I could potentially be two three percent in the hole next week if that does end up happening and I just feel more comfortable taking that loss waiting to see what this ends up doing in this channel that it's currently at and or rather in and that's just honestly the plan and what I did today um with at V so guys stocks and ETFs that I'm watching just to keep it short typically Fridays the videos are a bit shorter because I figure your guys attention span might not be as as wide as it might be on let's say a Tuesday night Wednesday night because it's it's Friday night maybe you guys have plans maybe you guys are going out whatever it may be I don't want to hold you too long so you know at V's one I'm definitely watching right AT&T is definitely one that I'm watching for potential re-entry you guys can see we pulled down held that 50 estimate on the four hour chart nicely now we're seeing a bit resistance under $38 you know this could be a point where if we break 38 we could be filling the gap up to 39 bucks you know this is something that I'm watching for AT&T for this upcoming week and the truth is guys AT&T has been doing very well um let me just take a look at this chart you know it's been doing very well despite what the markets have been doing in terms of markets dropping markets really just dropping at this point right because the markets did take a big hit in May took a big hit in August but overall this one's just been trending up which is really really nice so another one that I was watching I talked about in yesterday's video was Facebook Facebook we need to see a break into 190 hold that 190-192 potential entry at around 192 next resistance I'm looking at is around 205 so the channel I would like to trade Facebook in is this one right here this nice little open window from around 192 up 2205 another one I talked about yesterday was Ali Baba this one didn't do much today up about 1% pretty good day but I consider this a consolidation day right this is a consolidation day if we pull back down hold 180 maybe start to trend back up hold this overall uptrend that I've drawn out here from this trend line you know this could just be very nice dip bye on Baba here and if you guys watch my three stocks I'm swing trading video from yesterday this was one of those stocks and go check that out while you're at it after this video if you want to see a more in-depth look at the three stocks I'm looking to swing trade but you know this one would be a sell target at around $188 and again market ETFs guys just like always you know this by now if you've been watching my channel for a while these ones that I have in this watch list SQQQ which goes up when the NASDAQ is going down right if the NASDAQ dumps this could be one to play SPXS which goes up whenever the S&P is going down that could be one to play in the in the scenario of a market drop next week we already talked about TVIX which is a volatility ETF goes up whenever the VIX is going up and when the markets are going down you know these are ones that I'm watching in the in the case of a potential market drop right because with the way we're looking now there could be more selling off to come just based off of these technicals that I'm seeing so that's pretty much it for this video I know is a bit quicker than my normal videos but again guys Friday you guys probably don't have much attention span right now or at least the majority of my audience doesn't but anyway if you enjoyed the video feel free to go down below and hit that like button consider subscribing if you want to see further content for me and drop a comment like I said before guys let me know what your thoughts on the market are thoughts on the stocks you're trading just just thoughts in general guys I love the whole purpose of this channel believe it or not why I started this channel was to create this community I I've said this on the channel before you know a lot of my friends a lot of my closer you know relatives they're not really into the stock market right so I wanted to build this community where I can talk and interact with people in the stock market that are into the stock market we could bounce ideas off of each other so don't be shy drop that comment down below and while you're at it if you want to be in our discord community which is about 800 people at this point 100 free of charge that is linked down below as well and a lot of conversation goes on in there about stocks bouncing ideas off of each other a lot of that goes down in there throughout the day pretty much 24 7 so all the links are down below guys Instagram Facebook discord all that good stuff so yeah have a great weekend I'll catch you all in the next video which will be on Sunday and that's it guys have a great one peace out what is going on everybody is Stas here welcome back to another video so in today's video we're going to be doing