 What is going on everybody, Astos here. Welcome back to another video. So in this morning's video, I wanted to show you guys some of the stocks that I'm watching for today. And of course, we're gonna talk about the marijuana stocks like you guys read in the title of today's video. We're gonna discuss whether or not it's time for a pullback. Are we gonna see a pullback in Kron, CGC, Aurora? Some of these stocks that I've been doing very well recently, we're gonna talk about that in this video. And this video is gonna be very, very quick guys. Just briefly going over each one of these tickers. So let's start out right now with ticker symbol, C-R-O-N, Kronos Group, also known as Kron. So guys, this marijuana stock has doubled in 2019. We talked about that in a couple of previous videos. It's literally gone from around $10, all the way up to $25, literally an 150% move in the matter of 35 days. So that's absolutely ridiculous. But now we're seeing a potential sign of a strong pullback and I'm saying this because we're seeing a break of pattern here on the 20 day one hour chart. We can see this 50 SMA has been a strong support for Kron over the past couple of weeks. It seems like we topped off at $25 and we finally broke that 50 SMA support, which is the first sign that we wanna see for a reversal pattern to the downside in any stock ETF index future that we are trading. Another thing I wanna mention now in this video is this cross below the 50 SMA that we're seeing with this EMA line. So for those of you guys that don't know, the EMA line is the fastest reacting moving average if you set it up that way, right? This one in particular, I believe it's a nine days EMA or something like that. If you guys wanna watch more on these indicators, I have a video dedicated to that. But in short terms, guys, this is a quicker moving average, right? And the fact that this moving average is crossing below the 50 SMA here on the 20 day one hour chart, that is a signal that there could be some more red to come that is a bearish flag, that is a bearish signal. So for judging, you know, off that 20 day one hour, I could definitely see some more selling coming in Kron and this could be the start of the pullback we've been waiting for. And of course, guys, you know, Kron does seem extremely overbought here, you know, extremely overextended. Although we did get a pullback, you know, bring that RSI level down a bit. You gotta understand that some people are going to start taking profits. There's people that have been invested in Kron literally from the $5 range, from the $6 range, even from the $10 range. And they're up so much on their positions that these people are gonna start taking some money off the board, deflate that stock price down a bit and potentially get in at a better price point. And in my opinion, the price point on Kron here, you know, to keep an eye on is around $13, $14, which was the previous resistance, which is now, you know, considered a new support. Well, actually, technically, the first one could be around $15. And of course, if we break that, you know, $14, $13 could be the range. So in my opinion, a buying range for Kron is around $13 to $15. If we do end up getting that massive pullback, which I do think is possible when people start to take their profits. So another one that's been doing very well is CGC guys. This one in 2019 alone is up from around $26, up to around $50. This one almost doubled around 95% move here in the month of January, in the year of 2019 alone. And very similar to Kron guys, we're starting to see some pullback. We're starting to see some bearish sentiment in this, you know, stock here. And just judging off the 184 hour chart, we can see a double top formation, which is the first sign of a bear flag, right? A bearish pattern starting to form. A double top is not a good sign for a stock if it wants to continue its uptrend. This most likely means, especially if we break this 50 estimate resistance, you know, this means that we're pulling back and potentially heading back into the mid 40s, low 40s and even back into the 30s in terms of CGC, Canopy Growth Company. And if we're judging here on that 20 day, one hour chart, you can see this double top even closer, right? At around $51 and 50-ish cents, $51, we can say that is where the resistance was back on the 29th of January. And we hit that spot again on the 4th of February, two days ago, and we got rejected. So that's an official double top here, again, a bearish pattern. And just like the chart on Kron, the EMA is crossing below the 50 SMA and it's about to cross below this 180 SMA if we continue to sell off today, which we do see is happening right now, pre-market hours right before, you know, the market does end up opening, right? But we do see some green candlesticks above the 180 SMA. So keep an eye here, guys, in the 20 day, one hour, are we gonna break below there? That's gonna be a big sign of a sell-off in terms of CGC. So, you know, overall, guys, these stocks are looking like they're gearing up for a pullback. And the next spot, you know, that I could see, you know, CGC pulling back to, which could potentially be a good buying spot, is going to be around 31, $32, which it has pulled back to in the past. We can see here, last time it pulled up, or ran up rather to 55, the $50 range, you know, we pulled back to around $30. So this area right here could be a good buying spot for CGC. And another one that's been doing very well recently is ACB, also known as Aurora Cannabis. In 2019 alone, this stock is up around, you know, not as much as Cron and CGC, but it's up around, let's say, what did it go to, $8? So it's up around, let's say, 65%. So in terms of this one, guys, you know, it's not as, you know, it doesn't look as much of a potential pullback as Cron and CGC do, because it's still technically holding this uptrend that I just drew out for you guys on that candlestick, or rather the trend line there. But if we're judging off this 30-day chart, guys, keep an eye on this 50 SMA here. If we do end up breaking this today, which it does seem like it could potentially happen because we are trending down pre-market hours, heading into the open in 25 minutes, this could be a good opportunity for a potential short or put option if we do end up breaking here. And of course, all those other supports are, you know, the ones that we saw Cron and CGC break already, that could be a good sign for a put option on Cron and CGC as well. And I've been talking about playing puts on the marijuana stocks over the past couple of weeks. Obviously, I haven't pulled the trigger yet because we've seen a ton of run up in these stocks. But, you know, if we do end up seeing that confirming factor of that break of a downtrend that I talked about a couple of minutes ago in CGC and Cron, and if we see it in ACB, guys, this could be a good opportunity to get into potential put plays for these three stocks, guys. So those are the three main marijuana stocks I want to talk about in this video. What else am I watching today, guys? Well, today, I'm actually seeing whether or not the gold futures are gonna break this 50 SMA support right here, and judging off the 20 day one hour, this could potentially happen today. We're trading in between this horizontal channel of around 1313 to 1320, but we are holding the support here on the 180 SMA still. So guys, this can go either way here. If we break up, that's gonna be a good sign for JNUG, which is the bull ETF that trades on the gold futures. But if we trade down here, that's gonna be a reverse of pattern to the downside. JDST could be the better played there if we slowly start to creep back into the 1310, low 1310, maybe even the 1300 range in terms of the gold futures. And another one I wanna keep an eye on today for a potential day trade is, I think it was UWT, guys. And this one trades based upon crude oil. And we can see here, guys, crude oil seems like it's holding the $53 support. So if we do see the break above this 180 SMA here on this 20 day one hour chart, and ultimately the break above the 50 SMA, that's gonna be a good sign that crude oil is reversing to the upside, opening up a nice margin for UWT, guys. And we can already see UWT looks like it's climbing up right now, pre-market hours. So there is opportunity at least back up to the previous resistance of this 50 SMA here, which does give it around a 4% margin. So keep an eye on UWT today, guys, and drop a comment down below. What stocks are you watching? Are you playing puts on the marijuana stocks? Are you playing puts on any of these tech stocks? Apple, Facebook that I've been running up like crazy recently. Let me know down below in the comments section. And judging off the NASDAQ futures today, guys, tech stocks could have another good day today. It's up around $16 at this point, up around 0.24%. The SPX and the Dow, they're all in uptrend still, guys, especially the Dow and the SPX. Everything is looking solid right now, but keep an eye on these longer-term resistances today. Like I said in yesterday's video, the 180 SMA for the SPX here. I don't think the NASDAQ, oh yeah, the NASDAQ is at the 180 SMA as well, but the Dow Jones is the one that broke out of it, right? We can see that there. So keep today in mind with these indices, are they approaching the overbought status? Yes, does this mean they're gonna pull back? No, right? This does not mean that they're 100% gonna pull back, but keep an eye as we continue to climb up, guys, if we continue to climb up, they're gonna get more overbought, more overbought, and that's gonna pull, that's gonna call for a pullback even sooner and harder, right? So I hope you guys enjoyed this quick little video. Good luck today to everyone out there trading. Drop a comment, leave a like down below, and of course, subscribe to the channel if you're new. I'll catch you guys in the video later today. Peace out.