 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 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 the month of November, wrapping this month up here in the next couple of days, heading into the month of December in 2019 and as you guys read in the title we're also going to be talking about you guys and whether or not I think it could eventually recover here, we're also going to break down natural gas as well as another stock that I'm watching that's looking quite interesting and this stock in particular guys they reported earnings a couple of days ago and since then the stock has gotten crushed so I'm sure a lot of you guys could guess what that stock is but again we'll go over it here in a couple of minutes but before we do all I ask from you is to go down below and hit that like button and consider subscribing if you want to see further content for me and if you want to be further connected with the StriveSmart community and me personally on a day-to-day basis that link is down below in the description box at the Discord and the Facebook so let's get right into it guys starting off here with the S&P 500 ticker symbol SPX yet again it seems like we're going to have another green day here currently up $5.18 up 0.16% and if we zoom in a bit here to the one day one minute to see some daily action you guys can see we hit yet again another all-time high and this close that we're seeing here especially that we're breaking above the moving averages this is looking quite bullish in my eyes so we hit that all-time high 31 41 and if we zoom out a bit to the 20-day one-hour chart you guys can see beautiful uptrend here right we pulled down a bit we saw the healthy retracement we consolidated for two three days then we saw the gap up over the weekend and since then beautiful higher high and at this point what could happen right sure the fact that we're closing pretty you know this is a pretty bullish close here this could potentially run into tomorrow especially if those futures open up green right if those futures open up green we could be pushing maybe to another all-time high right maybe we go up hypothetically to 31 50 but think about it then at that point you know what's probably going to happen we're going to see a retracement period again similar to what we saw a couple of days ago and what we see every couple of days as the S&P what we typically see here as the S&P has been hitting all-time highs over the past couple of weeks so if we do get to 31 50 ultimately guys we might pull down to that 50 SMA again retest it for a higher low and at that point are we going to continue the uptrend we have to wait and see if we break that 50 SMA to the downside we might correct even further down but of course we have to wait and see if that happens anyway in the first place to then really do our analysis from that point in time so if we go to the Dow Jones and see what it's doing right now guys up 45 points up 0.16% and the Dow just like the S&P hit another all-time high today guys and the close is looking quite bullish double bottom breakout above the moving averages I'm liking this from a bullish perspective right the all-time high today was that 28 129 dollars and 74 cents and if we pull up that hourly chart although there are a lot of trend lines here that I do apologize about guys I do have to clear this but I'll do it probably tomorrow or another time but you can see it either way this is a beautiful uptrend higher highs higher lows we're trending above moving average resistances you know we're holding the EMA as a support everything is looking solid so we could pop up even further here but ultimately a healthy pull down will come just like it did a couple of days ago you know maybe we pulled down to that 50 SMA and who knows guys a lot of people think the markets could start selling off here towards the end of the year of course we saw Ray Dalio saying big market correction by March so be careful guys don't think that this will continue forever but in the short term here it's bullish right we could pull down if we hold it and pop up it'll continue to be bullish but again be careful because who knows anything could happen in these markets guys we've seen it happen before and you know trade war stuff if that's if that escalates who knows if stuff gets blown out of proportion by the media and a lot of people start panicking a lot could go down in these markets so it's good now but just just just be careful at the end of the day because who knows how long this is going to last so the Nasdaq right now up 20 points up a quarter of a percent here and did we hit that all-time high today 84 22 was that today no I think it might have been yesterday if we look on the 5 day 5 minute excuse me guys it was actually last night is that last night yeah it was actually last night the futures market hit 84 22 and really since then we've been consolidating holding the moving average as a support here on the 5 day 5 minute that's looking good if we pull back to that hourly chart we can see here you know we're breaking up everything's looking quite bullish bullish cross here 50 SMA crossing above the 180 SMA so just like the S&P guys and the Dow the Nasdaq is looking quite bullish right now so that's kind of the rundown on the markets today guys everything is looking good all-time highs pretty much across the board here in terms of the Nasdaq the Dow and the S&P but in times like this again guys always be prepared for a potential downside right don't go crazy I'm not giving you financial advice because I'm not qualified to do that but don't go crazy in my opinion right this is what I'm doing in terms of buying stocks here I'm actually loading a bunch of cash right now because a lot of my long-term positions believe it or not they're overvalued I'm not looking to buy here if anything I'm looking to trim profits so at times like these in my opinion again don't take this as advice do not take this as advice you know in my opinion it's good to be really stockpiling cash in times like this because if another December of 2018 occurs and if you guys remember what happened about a year ago a year ago the markets fell about 20 25 percent and if you had cash at that point in time you could have capitalized on a lot of opportunities in that moment just think about it guys I was buying Apple stock then for about a hundred fifty hundred forty hundred sixty bucks a share and right now those shares they're up like sixty seventy percent so think about it if I didn't have cash you know I couldn't be able to take advantage of that opportunity so side rent is over let's get to what I did today in terms of my trades guys and let me know what you think about that are you holding cash are you really buying stocks heavily right now I'd love to see and hear from you guys down below in that comment section so what I did today guys I completely sold out of my Chipotle Mexican grill position earlier on in the day today and this is one probably of my best stock swing trades of this month and in terms of a percentage value I believe it is because if you guys recall in yesterday's video when I talked about how I sold out of my initial position that position on the the initial sell that I you know put in was a four percent profit I believe it was a four percent profit right I think I got in roughly seven fifties like we've been talking about over these past couple of weeks right around this time period here so from seven fifty I sold out about seven eighty you guys can see up about four percent right so the remaining shares think about it guys from seven fifty up to where I sold this morning those are up another three percent on top of that so very very solid trade here in Chipotle Mexican grill I ended up honestly guys just selling out this morning it might have been during this time period not at the top it might have been around like 805 806 807 ended up selling out because of this massive gap up you know I was already up so much on the position and if you guys recall my initial plan it was to get out when it you know get out of a sick of a significant amount of the position at around 800 bucks and anything above that and close to the 830 level I just completely get out of and that's where we're at now pretty much so that's kind of what I did in terms of a Chipotle Mexican grill another one that I'm swing trading is Shopify which I actually got in about a week or two ago and I've kind of haven't really mentioned on the channel I kind of forgot to mention it over these past couple of days but you guys that follow the videos about 10 days ago you remember that I've been in Shopify here I believe since the 315 range and this is one that I'm actually still holding believe it or not right and this is actually a stock that I want to talk deeper into here but but in a couple of minutes here so we broke above 325 and this is actually giving the stock Shopify a lot more upside potential because you guys can see the next resistance here is at about 345 bucks so you can see this thing is filling the gap quite quickly with these two bullish candlesticks here on the four hour chart that is always a good sign and it's really continuing to climb here heading into the close of the market very strong close for Shopify so I didn't sell these shares you know I'm going to just sit on them probably sell them at about 340 345 but we'll see maybe I'll trim profits tomorrow but as of now I'm simply holding so that's really all I did today in terms of my trading guys I was actually eyeing up D gas which will kind of get into the next segment of this video I was eyeing up D gas today but a lot of the drop in you guys came overnight pretty much right if you weren't in it from Monday night into Tuesday you really wouldn't have made a move you know in terms of that D gas play because you can see here most of the play came from the gap up into the market open right we opened at 135 you guys can see we kind of hovered there all day and we closed yesterday at around 126 so pretty much gapped up eight to nine points and this is really because natural gas has been getting crushed guys right and we've been talking about this and breaking it down on the channel here over the past couple of days and really and really over the past couple of weeks so let's break it down even further based on today's action so slash NGF 20 that's the ticker we click enter here and you guys can see what is going on right now today it was down 2% it's down 2% right now down 5 cents and you guys can see on the five-day five-minute chart kind of a shorter time frame the five the past five days of trading this is a straight up downtrend on natural gas right the bears are in charge here we have a bearish cross the 50 SMA crossing below the 180 SMA this green line here crossing below the yellow line and really the 50 SMA and the 180 SMA guys these have been resistances over the past three four days of trading so if I want to see you guys go up if I want to see a breakout in natural gas the first thing I want to see is a break above these moving averages on the five day five minute then we'll work out to larger time frames this is how I typically do it so if we see a break there on the five day five minute we'll go to the two hour chart and you know in terms of the two hour chart I'd want to break above two fifty seven because I know a lot of you guys know on the four hour chart now if we can look at it two fifty seven is a level where we double bottomed a couple days ago you know in terms of this double bottom breakout we can see that making that a very strong support and we actually held it as a support a couple of weeks ago really about a month ago towards the end of October before we went on that massive rally so two fifty seven that's kind of where I want to see it break out of and ultimately get back into the two sixties but before we do talk about that and get ahead of ourselves guys we need to focus on the smaller time frames and see that bullish breakout on natural gas before you guys could eventually recover right because on a technical basis that is what we need to see and if we go to you guys right now UGAZ is the ticker symbol we need to see a break out of this 180 SMA for the trend right for the trend to turn bullish and ultimately a break above $13 so as of now there's a lot of weakness towards natural gas and through my research and I talked about this thoroughly in yesterday's video but through my research guys we're looking to see a withdrawal of about 60 billion cubic feet of natural gas this upcoming report which is this Thursday right we're expected to see that which is actually not a big withdrawal because the weather has been quite mild we've been talking about this a lot on the channel as well it's been warmer than expected and honestly it's supposed to be like that until the beginning of December as of right now sure weather models change but as of now that is how it is and that's kind of why we're seeing this weakness in UGAZ and this weakness in natural gas and D gas flying up but the truth is guys we're not even in winter yet so once we actually get into winter I think this thing will eventually recover right once we actually start getting some cold sweeps real real cold sweeps in the winter across the U.S. where it causes and strikes demand for that price to go up obviously that is when we'll see natural gas and UGAZ recover but the question is when is that going to happen and that's something that I cannot tell you we just have to simply sit here and be patient and really just wait for the weather models and wait for these technical breaks to the upside on natural gas and UGAZ that I've been talking about here over the past couple of days so really in the short term at this point guys yes there's definitely going to be some more weakness or rather there's potential for more weakness due to the mild weather that we've been experiencing but once once winter really kicks in and we get these cold sweeps that's when I think natural gas and UGAZ will recover but when will that happen we don't know that quite yet it could be in the next two weeks it could take three four weeks but eventually in my opinion I think it will happen so that's kind of the rundown right now in my opinion my thoughts on what I think of UGAZ and DGAZ right now and natural gas I've kind of been on the sidelines like I've been mentioning over these past couple of videos guys because they've been completely completely volatile so I'm waiting to see if UGAZ bottoms out eventually and sees that technical break before playing that and until then guys I'll probably be on the sidelines because I don't want to start chasing DGAZ now because it's seen such a massive run so I'm in this position where I'm in a tricky place and I'm sure a lot of you guys could understand that right so let's break down some other stocks and that one in particular that's been crushed and that one is Home Depot guys they've reported earnings I believe a couple of days ago their EPS came in at $2.53 versus $2.52 expected so they beat on EPS but where they really got crushed guys and why the stock fell is they missed revenue $27.22 billion versus $27.53 billion and the same store global growth sales growth global was 3.6% versus the 4.7% expected on top of that they lowered their guidance which you know stocks when when when companies do that a lot of the time stocks end up selling off sometimes you know stocks don't but a lot of the time they sell off when guidance is lowered and you guys can see you know that coupled with the revenue miss and and the slowing growth here you know in terms of these global sales that's kind of what is bringing down Home Depot right so we got that massive dip and whenever a blue chip massive company like Home Depot goes on dip guys on a dip it's always worth watching and it's always worth pulling up a long-term chart and taking a look at what's kind of going on and this is beautiful here guys in terms of this uptrend right take a look 158 was the bottom about a year ago on Home Depot now we obviously hit an all-time high at 239 but the fact that we're pulling down here you know this could open up an opportunity for us to buy into the weakness if this trend holds this always corrects guys over the past year it's corrected multiple times and each time it's held a higher low so I think this spot on top of the trend line right on top of that 180 SMA our size looking very overbought or rather oversold I think this spot could be a dip by where we could potentially make upwards of six seven eight percent depending on how much Home Depot recovers and again it's one of those blue chip companies guys I definitely think this thing will recover and you can see even though it's gotten crushed over the past couple of days this is slowly looking like a bottom on the five-day five-minute right we kind of bottomed that 215 and now we're starting to climb up we're seeing a bullish cross and we had a pretty solid close today up one percent so this is definitely one I'm looking to potentially add to my swing portfolio here over these next couple of days so another one I want to talk about is Neo we talked about this one oh my goodness what is this here we talked about Neo in yesterday's video and this one ended up rallying like crazy today guys up 11 percent here up 24 cents very very strong rally here in Neo I personally did not take advantage of it you know although I did talk about it in yesterday's video but tomorrow I'm probably going to look to enter on the dip maybe a play off of that EMA but you know really the basis of this trade here you know is the fact that we broke two dollars here that's a bullish move in my opinion and I could fill the gap up to 240 which happened about a couple of weeks ago you know when we ran up all the way to 250 so that's looking like it's happening again but now we have to wait for a pull down in my opinion maybe a play off of the EMA Shopify again I traded it well I'm actually still in the trade but I'm swing trading Shopify which is killing it here 6% today guys very very strong day for Shopify and honestly I said Chipotle was my my my highest swing trade of the month in terms of percent now Shopify might take the cake there because it's up 6% just today and I'm in about 315 so I'm probably up about 7% but anyway Shopify is looking good here guys if we pull up that four-hour chart you'll be able to see that that zone that I was talking about right between 325 and about 343 if we break above 345 here guys this thing could definitely run up to 366 bucks right that's the next resistance that I'm kind of looking at here and honestly if we get a pull down that's going to be an attractive entry point in my opinion because that's likely before we do test 345 guys because our size overbought this thing's very very hot right now maybe it cools off before running up but hey if it runs up and blows through 345 this thing could be going to 360 before we know it guys because Shopify like I mentioned a couple weeks ago literally guys I mentioned this right these stocks their growth stocks they report earnings that are poor market forgets about it in a week or two and then all the sudden the stock's flying again and literally it is flying again as I am recording this video so Shopify is definitely worth watching here Amazon amazing zone AMZN this is another one that seems like it's found a temporary bottom at around 1700 bucks and it's getting to the level where it could see a breakout here at about 1800 bucks if we break 1800 guys based on the supports and resistances that I have laid out here 1850 is the next level that we could be getting to and that gives Amazon here a potential of around 2 to 3 percent to the upside which I think is really really good so Amazon here AMZN that's the last one that we're going to talk about and honestly guys a lot of these stocks have potential especially Amazon and what was the other one Shopify I'm really liking these two as well as Chipotle Mexican Grill believe it or not I sold out again like I mentioned completely but I still see potential in this thing especially if it cools off maybe for a rally up to 830 and of course maybe even 860 again so let me know down below in the comments what are your thoughts about that what stocks are you watching what ETFs are you watching I'd love to know so I'll catch you all in the next video thanks again for watching don't forget to leave that like don't forget to subscribe if you want to see further content for me and don't forget to check the StrifeSmart Discord chat the Facebook group and the merch all of those are linked down below thanks again for watching peace out