 What is going on everybody, it's Dost 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 doing a trading update talking about what I did today in the markets as well as some stocks and ETFs that I'm watching and looking to trade right now in October heading into the month of November in 2019 and we're also going to be talking about Tesla stock as it's up another 10% today guys. Up another 10% and we're going to be talking about briefly whether or not I think it's a short squeeze and hint and hint I do think it's a short squeeze but we'll get into that here in a couple of minutes guys and all I ask from you is if you enjoy this video feel free to go down below, hit that like button, consider subscribing if you do want to see further content from me and feel free to join our StriveSmart Discord group chat and our StriveSmart Facebook group. That's how you can be in contact with me and all of the other traders and investors in our community on a day to day basis. So guys let's get right into it starting off here with the SPX, the S&P 500 index, the 500 largest publicly traded US company so we can see here we ended up closing the day up $12.26 up .41% and we finally I feel like broke out today right we finally broke up today and filled the gap up to that all-time high resistance which is at 3027.98 and guys no kidding we got like 55 cents I think it was like 55-58 cents away you know from that all-time high today if I go to this one day one minute you can see exactly how close we got we hit 3027.39 which again is around 58 cents short 59 cents short of that all-time high we sold off a bit at this point there were still hope that we were going to pop back up but we ended up getting back to that resistance guys and it ended up acting as a strong double top right we double top there that's a strong bearish pattern and from there we ended up dumping and kind of trading within this channel over the next couple of hours as you can see here on my one day one minute chart so overall I'm thinking the SPX right now is pretty bullish because again we broke out of this wedge this ascending triangle which is very bullish and we filled up the gap to that all-time high so what I would like to see and I personally think this will happen is you know next week you know I need to see a break above this resistance and for us honestly to get to those all-time highs and watch out for Apple next week guys they do report I think if Apple does well in their report their stock goes up you know that's going to influence the market influence a lot of other stocks and thus pushing us to those all-time highs you know that's what I personally think here and let me know down below in the comments what do you guys think about that going to the Dow Jones industrial average here up 152 points today up 0.57% unlike the S&P guys this is not looking bullish quite yet we're still trading in this wedge right you guys can see it we're still struggling to break out and fill up to the all-time high you know like the S&P already did right which makes the Dow still a bit kind of neutral bearish in my personal opinion you know once if this does happen this arrow that you guys see here if we fill up that's obviously going to be bullish and of course if we break that all-time high at around 27.3 27.4 that would be extremely extremely bullish as well so as of now I'm just simply watching this on the 4-hour chart and if we go to this one day one minute you guys can see we started off very strong today very very strong hit 27k tried to hold that level as a new support but ultimately failed and really we closed above one of the critical supports which is you know or we closed below rather a critical support which is that 27k so you know watch out for that level 27k you know watch for us to break out of there potentially you know that was a resistance from a couple of days ago I think if we pop you know break 27k break this wedge again we'll be filling up to those all-time highs so NASDAQ today guys did exceptionally well up 1.37% here up 108 points and guys this one almost hit the all-time high as well we tested it 8050 if we go to this one day one minute you guys can see we kind of got rejected a bit below 8050 about 14 points below at around 8037 to be exact and that's actually where we are right now in terms of the NASDAQ and from there you know we pulled down a bit now we're starting to see a bullish cross here we're breaking out of that 8036 resistance so this is a good sign right we're about nine points away from the all-time high here on the NQ and I think it's very reachable for this upcoming week that we do end up exploding out of that and going to new highs right whether that's 8060 8070 80100 and above I think that's very possible for this upcoming week so overall guys that's the market right today was quite a good day we had a bunch of big stocks do well you know Amazon tanked after hours yesterday about 10% they recovered all the way up they ate all that gain back up right they gapped up like 7-8% today pretty pretty crazy and that's obviously driving the NQ here we have Netflix doing well today Google did well today Apple did well today three bucks for Apple right in the green you know Facebook's doing well today it did well rather up $1.51 so a lot of these stocks you know ended up fueling the NASDAQ so what did I end up doing today guys well I didn't really do much on day trading other than a quick little in and out on Amazon and I didn't mention yesterday that Amazon was a stock that I was looking to buy you know especially after this dip and I actually did end up buying a little bit in my M1 finance portfolio which I'll update you guys on that portfolio in the next couple of days here because I've actually been doing a lot of buying in there and putting more money you know into the portfolio buying some more growth stocks actually and so I bought Amazon in that but in my trading account you know on the 5 day 5 minute we'll be able to see it here you know I ended up buying in as I start to see you know massive push you know pre-market hours today and really at market open on Amazon right again we got that earnings yesterday you know we ended up tanking tanking from about 1775 all the way down to about 1618 opening up that 10% right I didn't know yesterday I was thinking to myself you know is this going to hold is it going to continue to sell off tomorrow right if it were to sell off I would have liked that a bit more to be honest because I would have added more you know in my other accounts you know besides my M1 account you know I would have added maybe in my in one of my you know long-term accounts outside of M1 but the fact that we ran up so aggressively guys you know I didn't get that opportunity to buy in any other account but M1 and you know in the trading account as well but in terms of my long-term accounts here and you know we got that pop got the consolidation 1660 this morning and then we just had a ridiculous run up on the one day one minute you can see here you know I ended up just buying in on this dip at about 1700 here I believe I just bought like two three shares nothing crazy right and then we started writing that 50 SMA and honestly I just held it for a little bit right the markets were running we saw that and you know as this started to plateau you know that's when I ended up you know scaling out of the profits of the position with profits of around two to about 2.1% and if you guys saw my video yesterday you knew that I was holding some V you know through the earnings which I don't really do a lot but this is one that you know I kind of felt confident doing so so I held half of my position through earnings I ended up buying in yesterday actually at about 174 like 60 or 70 or something like that you know I wrote it up for about 1% profit sold half and now I'm still actually holding the other half through this weekend right I'm holding it through this weekend hoping for a pop above 180 in this upcoming week at some point if these markets do get that pop to the all-time highs I honestly think Visa and a lot of these other stocks like Amazon too honestly will end up doing you know well here so Visa I'm still holding this one I'm up like 2% or something like that 2.5% so yeah that's really what I ended up doing day traded Amazon nothing too crazy about two three shares there you know about 2% profit 1.5 whatever actually that was more like 2% and now I'm holding Visa over the weekend hopefully you're going to make some gains on that this next week so as you guys saw in the title Tesla yes Tesla yet again guys up 10% this is looking like a short squeeze in my opinion it is looking like a short squeeze guys and if you guys do not know what that is let me pull up my safari right here and read a quick definition from Investopedia what is a short squeeze well a short squeeze is a situation in which a heavily shorted stock like Tesla or commodity moves sharply higher forcing short sellers to close out their positions their short positions and adding to the upwards pressure of the stock right short sellers are being squeezed out of their short positions usually at a loss short squeezes are generally triggered by a positive development that suggests the stock may be embarking on a turnaround so Tesla stock right it's been getting crushed you know it was at 170 a couple of months ago you know a lot of the short sellers were laughing through this point in time right and now as Tesla starting to run back up as they turned to profit yesterday now the shorts are like crap what are we going to do right the stock may run up and if it runs up we can lose unlimited amounts of money because when you when you're shorting a stock you can lose an unlimited amount of money that's the reality of it so with the stock you know having this pressure to the upside right what are the short sellers doing they're cashing in at a loss and this is providing you know a lot of stimulus to the stock and as you guys can see here although the turnaround in the stock's fortunes may only prove to be temporary few short sellers can afford to risk runaway losses like I said on their short positions and prefer to close the position even if it means taking a substantial loss so a lot of these short sellers they're taking that loss you know right and that's pushing up the stock like crazy as they're buying into this right you know it's flying up it's squeezing the stock up and that's what we're seeing right here right you guys can see the pop from 250 to 310 now we're seeing even more push to the upside right 296 up to 330 so what do you guys think about this short squeeze or no I personally think again obviously it is a short squeeze and if we're looking at some technicals here on Tesla if we go to this one year one day you know we held 293 yesterday you know we squeezed all the way up now above this next one at about 322 so guys this is a point where we're in levels that we haven't been at in terms of Tesla stock over the past couple of months it's literally almost been about a year since we've been at these 320 to 330 levels back in really February is where we were at these points so keep an eye are we going to hold this old resistance as a new support that's kind of what I'm waiting for here on Tesla the next spot that I can see it running to if we just pull up some you know other levels here you guys can see 344 is very possible 348 350 area you know this could be a potential resistance right if we pull down hold 322 maybe we can trade this up to 350 but you know I don't know if I'm going to be trading Tesla at this point I'm watching it more I'm on the sidelines to see what does it do does it pull down does it does it continue to squeeze up to 350 you know I don't want to get into this now I feel like if you weren't already in this down here in the 240s 250s right now trying to get in is kind of like FOMO fear of missing out it's kind of a bit too late so that's just me right I'm going to wait I'm going to see what ends up happening but nonetheless I do think this is a short squeeze shorts are covering at losses right now to to really you know to to not be caught in a ridiculously red trade because remember when when when when Tesla continues to go up what's happening to short sellers well you know they're losing money and they're losing a lot of money so they're going to keep covering in my opinion and yeah that's just what I think let me know down below what do you guys think about that now let's talk about some stocks very quickly that I'm personally watching and if you guys actually want me to talk about a specific stock or ETF in Sunday's video feel free to comment that down below comment whatever ticker symbol you want and I'll get to that in Sunday's video but some stocks that I'm watching guys you know are a lot of the ones that I'm involved in right now visa I'm watching it right I'm looking for the potential test at 180 I think if we break 180 this could be a runner up to 185 187 so I'm watching visa Chipotle Mexican grill is one that's interesting right now we haven't really found a bottom yet but we're still kind of hovering around the support of this trend line which I think if we do end up turning around here this could be one that fights back up into the 800s maybe 820 maybe 830 and it actually has a lot of potential for profit you know even up to that first resistance which is at 830 it has about a 5.2 percent profit from there right from where we are now to there let's say we pop above to 860 we have even more of around 9 to 10 percent so I'm watching Chipotle closely Apple they're reporting earnings tomorrow or not tomorrow next week you know I believe it's on the 20 or the 20 or the 30th yep the 30th I was about to say 29th but it's on the 30th this is one that I'm watching of course not looking to get in whatsoever it's overbought in my opinion me getting in now would definitely be a case of FOMO but still nonetheless it's still worth watching right if we pull down maybe hold that 50 SMA that could be a dip by entry point here right PayPal is another one that I'm watching this is looking extremely bullish right now in my opinion this one has the most potential out of anyone in this list maybe CMG has you know comparable potential but you know in terms of visa I would definitely rather you know trade PayPal here just because we're breaking out of the 180 SMA here right when we have a lot of potential to those all-time highs at around 122 over around 12 percent right so the fact that we we broke out of the moving averages here we pulled down we held them as a support right and we saw a massive break on the 5 day 5 minute you'll be able to see it right we consolidated we popped this is looking extremely bullish in my eyes and yeah this is actually one that I'm looking to buy this upcoming week as a swing trade so you know another one T AT&T guys this is reporting earnings right now I don't know or they already did report earnings no I swear their earnings were today that's weird earnings conference call 1023 that does not sound right but nonetheless I'm watching AT&T you know they are reporting earnings here whether it's today or the next couple of days either way this stocks been doing quite well right we're at a dip right now heading into these earnings of about 4 percent so this is worth watching as a turnaround play a lot of potential there in my personal opinion and yeah that's really it guys of course I'm watching Amazon as well and all those other tech stocks we mentioned in the beginning of this video but that's pretty much it right if you guys enjoyed this video feel free to go down below hit that like button consider subscribing if you do want to see further content for me and feel free to go down below into the description box and join our StrifeSmart Discord group chat and our 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