 What is going on everybody is Stas here welcome back some other videos. 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 21st of February in 2019 as well as taking a look at some other stocks and ETFs that I personally see potential in and that you guys actually Asked me to talk about we're gonna be going over those in this video But before we do for everybody out there that finds value in these videos You do enjoy these videos here on YouTube Feel free to go down below and hit that like button It really does help the channel grow and it supports me in general and allows me to know that You guys enjoy the content and you want to see more content from me So let's get right into the topic of today's video We're gonna be talking about these major indices here the SPX the Dow and the Nasdaq We see we do have about 15 minutes left in the market today You know at the time that I am recording this video But as of right now 345 p.m. Eastern Standard Time the SPX the S&P 500 index the 500 largest publicly traded US companies is currently down around $14 down around half a percent here the Dow Jones is down around $134 down about half a percent as well and the Nasdaq composite here guys is down around 0.6% Down around $45 at the time that I'm recording this video So pretty much guys if nothing changes from now to the close of the market We're gonna end up closing the day red today and if you guys watch my video yesterday That's pretty much what we ended up You know talking about and predicting for today is that we could see potentially a pullback, right? And that's exactly what it's looking like. It's gonna close at a pullback, right? We see the resistance here on the SPX We've been talking about this over the past couple of videos right at around 2700 and 95 2790 2785 right around that area is a strong area of resistance from the SPX Remember in the beginning of December we sold off very drastically a lot of panic selling started to kick in look at that guys The rapid rapid sell-off all the way down to 2300 what this did is well that opened up The first resistance that we had to get out of if we wanted to test You know some all-time highs which I don't really know if that's gonna end up happening in 2019 what do you guys think let me know down below and of course the second resistance here at around 2815 from when we started to sell off in the beginning of November guys, and we've also been talking about This particular channel that we see here on the 30-day 90-minute chart and we've been talking about this guys if you've been keeping up with these videos and keeping up with the market Yourselves you've seen this particular channel, right? We see the resistance here and the support and the fact that we are topping off here Let me quickly just clear this drawing set so we can get a better channel here So we can see you know where we could potentially be headed over these next couple of weeks But the fact that we are topping off here at the top of this channel You know this could indicate that there could be more selling to come over these next couple of days Right and for those of you guys that don't know how to set up a channel drawing It's very simple if you're using thinkorswim by TD Ameritrade just come up here this drawings tab Click that drawing tools hover over this and then you'll be able to go to the side panel here And there's a bunch of different tools that you can use I typically use this trend line right here But for channels you can just go right here and click channel and you'll be able to draw perfectly paralleled Channels that really help you when you're doing Technical analysis right so the fact that we did see resistance at the top here This could be the beginning of more selling to come in the SPX with the price range being at around 2730 where we could potentially sell off to if we do end up still trading in this channel Of course tomorrow we could straight up and break above this resistance Which would be a breakout pattern But if we were to continue to sell off tomorrow I would say the target price where you guys want to be watching the SPX to go to would be around 2730 and from there are we going to hold this and continue or rather push up and continue the up trend and try to get to the top of this channel or are we going to break this support and then Actually start a downward pattern from there to the downside right because if we do break this That's a huge break of pattern to the downside and of course like I said 30 seconds ago If we break to the upside tomorrow, let's say that could issue more green to come So keep an eye on this channel It's gonna help you determine where the SPX and honestly the whole market is going right so that's what I'm looking at In terms of the SPX keep an eye on that channel and those two resistances that we've been talking about the Dow Jones here guys We can see this one actually broke out of the resistance from a couple of weeks ago in the beginning of December And we're actually still trading above it with this old resistance acting as a new Support level right so you guys that are you know have been in the trading game for a while You know basic technical analysis here whenever a Candlestick right whenever a chart a trend breaks above an old resistance. It is now a new support level Right, so we broke above there We've been holding above this level for a couple of days now Hence why it's a new support level with the goal now based on the technicals here being to fill up to the Upside here up to around twenty six thousand two hundred, right? That's pretty much what we can draw from these technicals here If we do end up holding this new support if we start to push up You know the goal target for the Dow in the short term at least is going to be at around twenty six thousand two hundred and forty Dollars which is the previous resistance from the beginning of November guys So you know judging on a longer-term basis here keep an eye on this potential gap fill here for the Dow Jones If we go a bit closer here on the twenty day twenty minute not twenty minute twenty day one hour guys I always mess that up sometimes, but we can see the same exact well Not really the same exact, but a very similar pattern as the SPX, right? Let me just quickly clear this and we'll get a better picture of what's going on here So we can see if I draw this support trend line or the channel very quickly We can see they're perfect, right? We can see the resistance over the past couple of days at the top of this channel and finally today guys We're seeing the curl to the downside the give right the break to the downside here Which could issue more selling to come but remember that longer-term support if we do sell more here We're gonna end up breaking that longer-term support which could trigger even more selling, right? That's why it's always great and useful to look at multiple timeframes here when you're doing your analysis because you know Let's say we do break this level here to the downside That means we're breaking it to the downside on the 20-day chart and the 30-day chart Which really could just trigger more selling overall and us to get to the you know The support of this channel right around here with the target being probably around $25,525,600 if we do end up selling down here and of course just like the SPX guys If we break this to the downside that could trigger more selling and let's say tomorrow We have a big green day. We break to the upside here that could trigger even more bullish push For the Dow Jones meaning that we probably will be getting towards the top of this You know or rather to the next resistance at around 26,200 and eventually if we break that we'll be very very close to testing those all-time highs at the Dow Jones at around 27,000 ish right and just to see you know how far we are from that level We're only about three four percent from all-time highs right now in the Dow Jones I believe the SPX were about maybe a little bit more five percent I think yeah about five six percent from all-time highs here And the NASDAQ might as well just do that now very quickly to see From all-time highs we're about seven percent off in terms of the NASDAQ So in terms of the three indices that we cover on this channel guys The Dow Jones is the closest to reaching those all-time highs from back in the beginning of October in 2018 before we saw that very vicious sell-off cycle that correction cycle You know here in the stock market so judging on the now You know the NASDAQ here very quickly before we talk about what I did today in terms of my trading just like the SPX guys We are at a resistance here from the beginning of December at around $7100 today we did not break above that resistance again guys We've been struggling over the past couple of days But the positive that I do see here on this longer-term chart is that we are holding this 50 SMA support in Terms of the NASDAQ and that puts the NASDAQ guys at this point in time right at that support level of the channel Let me just quickly clear this to make it a little bit more pleasant to the eye because it's kind of confusing all these lines everywhere But we can see it right here We can see it very clearly right pretty much if we draw it like that up here to the top We can see that we are close to the bottom on this 180 SMA support and on this You know support of this channel on this particular Indice right and this could issue Potentially a pop-up tomorrow if we do end up going green in terms of the overall markets We could be pushing up towards the top of this channel, but let's say tomorrow guys We have another red day which again is very possible based on these technicals on the SPX the Dow and here on the NASDAQ We could be breaking these major support levels here Which could trigger more selling to come in the NASDAQ so based on these technicals guys We see a very strong support at $7,100 in the NASDAQ and if we do break that support guys, we're gonna be testing You know about what is it guys or the resistance rather if we break the resistance We're gonna be you know trying to trade between this gap between 7,100 up to around let's say 7,200 which would be the next channel that this could potentially fill if the candlesticks do pop above There so that's pretty much what the overall indices are looking like today guys the markets about to close in five minutes We do see some push here in the overall indices towards the end of the market You know this does typically happen when we see your red day in the beginning of the day Sometimes towards the end of the day we do end up giving you know pushing back up and gaining some green and momentum into the close Not too surprised here, but overall it does seem like we're gonna be closing the day today on a red day So now let's talk about what I ended up trading today guys And we'll get into some other stocks and ETFs that I also want to cover in this video So for all you guys that have been paying attention to the channel right now I'm currently swing trading three different positions. Well now two positions because I ended up selling out of Microsoft We're gonna be talking about that now But for those you guys that watch my video on Sunday and the past couple of days I've been talking about these three Microsoft J&J and Caterpillar ticker symbol CAT These are all stacks that I've been swing trading right and I'm still holding J&J and cat But Microsoft is honestly the only trade that I made today, and it was pretty much just taking my profits, right? So over the past couple of days, I've been talking about where I've been entering my Microsoft position, right? I got in on Tuesday right at about 107 80. We popped up here We saw the big sell-off yesterday guys, right did not end up selling out of my position because we held above the 50 SMA here on the 180 chart we talked about that I ended up adding more money in This particular stock right around here at about 106 80 106 90 ish on this pullback that we saw and from there guys I was able to bring my average cost down We talked about in Sunday's video and in yesterday's video that if we were to break this 50 SMA That is where I would have cut my losses, but the fact that we held it We held the higher or low trend line here that we do see pretty much the uptrend pattern I decided to hold my shares. So what did I do today guys? We saw this massive pump up and typically whenever we see a stock and ETF push up like this Especially to a higher high what we can typically expect A little bit of selling to come from that particular stock, right? Does it always happen? No, right? Does it always happen? No, this could potentially push up again tomorrow to 111 But the fact that we pushed up very quickly this morning and although we have to I believe 109 50 I was already up about 2.1 percent on my position in a matter of two days and I just wanted to take my profits off the board and See if I can re-enter into this one at a better price point, right? And I know my first initial target sell was at around a hundred and eleven a hundred and ten dollars right at this previous resistance But again the fact that we shot up so quick today I wanted to just play it safe lock in my profits and see if we do end up getting that pullback tomorrow Maybe back down to around 10850 108 flat that would be a very nice spot to see a Potential pullback. So let me just quickly show you guys this channel that we are trading in here In terms of MSFT so you guys can get a better understanding of what was going through my mind when I made this trade So take a look guys take a look at this the channel Right here and we can see with today's pump up We're pretty much nearing the top of that channel right at around 109 50 right at around 110 dollars and typically based off this pattern that we do see here that is a rejection spot for MSFT so was it really worth it for me to hold tomorrow risk my profits hold through tomorrow for an extra like point two percent gain You know, I don't think that's really worth it I think me playing it safe here was a very good idea right and I know a bunch of people in the discord chat We're also holding Microsoft and a bunch of them I do believe ended up selling out as well and guys Let's say tomorrow we break above here and we shot up another one two percent sure I'm missing out on money right, but it doesn't matter because I locked in my profits already 2% I'm very happy with 2% and you know if it does pull back tomorrow I can always re-enter and try to get back on this uptrend pattern at a lower price and profit on the upside right so That's the whole idea here in terms of Microsoft and that is all I traded today guys to be completely honest with you I did not end up day trading today. We saw the early push up in Microsoft I didn't take my profits to be completely honest with you guys more towards the end of the day today I could have took them here, but I was holding and kind of debating Do I want to ditch my regular plan of selling at 111 take the profits and play it safe? Or did I want to sell half of my position keep half of the shares for tomorrow? Or did I just want to sell the whole thing right? So that's just what I ended up doing and Let me know down below. What did you guys end up trading today? I would love to know I always talk to you guys in the comment section. I'm really interested to see what you ended up trading So that is what I did in terms of Microsoft today Nothing new in terms of my J&J position guys. We saw a sell-off this morning It got a little bit towards the area that I wanted to sell if you guys remember in that video I wanted to sell at about 1% below this level We actually dip dip below this level the previous resistance at around 134, which was a new support I wanted to sell below about 1% from here. We actually got down to about 1% Did not end up selling because we ended up opening into the market holding this 50 SMA as a support Which is a good sign that we're continuing the uptrend So as of right now guys, I'm pretty much break even on J&J Still holding that initial position From a couple of days back and on cat guys for those of you guys that don't remember I got into cat Yesterday, I believe or was it the day before I don't remember guys. I trade every freaking day Sometimes I just forget when I make my trades, but we popped up above here guys. No, it was yesterday It definitely was yesterday because yesterday was that 3% move? Yep. There it is the 3% move to the upside, right? We broke that old resistance that I've been talking about in the previous videos I also talked about this on sunday's video when I called out cat and we broke above there which triggered me to buy I was up about 2% yesterday and now I'm just holding that initial position still up around 1% on the shares With the goal to sell at around 142. So let's see tomorrow guys Are we going to end up filling the gap to the upside? I'm very interested to see in terms of my cat Position so that is what I ended up trading today guys. I'm still in these three stocks. Well not in microsoft anymore I'm still in cat and j and j And now let's talk about some stocks and ETFs that I personally see potential in for these next coming days Rapid fire. So let's get right into it guys. So natural gas remember what we've been talking about over these past couple of days Well, we're reaching that level that we've been talking about and that level is the 270 resistance On natural gas here if we do break that level this could be a breakout move for natural gas We've already got one confirming well rather two or three Honestly confirming patterns that we're pushing up or confirming indicators that we're pushing to the upside Right now one of those being the double bottom here, right double bottom at around 255 the second bottom at around 255 That's a step that we're pushing to the upside for a potential reversal to the upside We broke out of this downward trending channel to the upside That's the second indicator and the third indicator We're seeing here as we're breaking above the moving averages We're seeing the EMA break above the 50sma bullish sign there And we're holding it as a new support level while also making higher highs and higher lows in natural gas So there's about four or five indicators just based on this chart alone that we're pushing to the upside here With the final one for a potential breakout being at around 270 so 270 guys We're at 270 right now literally if we do end up pushing and holding this level You guys is going to be a very good play over these next couple of days, right? You guys is an inverse ETF It's a bull ETF. It trades based upon natural gas and whenever natural gas is going up in price You guys is going up in price as well And we can see it's up around 5% today keeping an eye on this one for a potential day trade tomorrow If we do get that pop in natural gas So that's what i'm looking at in terms of uh that particular duo there We saw a big sell-off today even bigger sell-off in gold down around $22 down around 2% If we do break this critical indication support level here on the 50s and may we could potentially be selling off more I was actually looking at this critical support earlier today for uh, the gold futures, which was a previous resistance at around 1330 we were talking about that in the chat. We ended up breaking below that I'm sure jd st Did very well today and guys right now. We're in a very critical spot, right? We broke one of the support levels not too good of a sign on a technical basis here But if we break the 50s and may that's going to be another bad bad thing for gold That could trigger more selling to potentially come So let's see jd st guys i'm going to be keeping an eye on this one It was up around 5% and if gold continues to sell off Jd st is going to open up and be a pretty pretty solid play over these next couple of days So one that you guys wanted me to talk about We're rather just one person. I forget it wasn't on youtube discord I think it might have been instagram. I don't know but if you guys want to follow all those different platforms They are down below and you could contact me anytime on any of those platforms. I believe the stock was st Z he was asking me if I personally liked, uh, you know what these technicals were looking like I don't really like stz right now at all for those of you guys that remember We talked about this stock I believe on monday's video when I was talking about stocks that to watch for a potential breakout, right? We were watching it right here at the resistance at around 175 It had about two weeks literally of resistance at this level and we were watching for the potential breakout We never got the breakout that we wanted for it to potentially fill up to 190 here for a nice sweet profit But we got rejected all the way to the downside now at about 165 And it's honestly looking like a falling knife right now So I wouldn't really follow this stock or trade it unless we see some upwards push You know the beginning of a higher high higher low staircase to the upside pattern I wouldn't really touch stz as of right now. So another one I want to talk about This one I was talked about again good call out in my opinion is why why this was talked about in the discord chat Earlier today by one of our members. I forget who it is right now off the top of my head But this one's pattern is looking pretty solid, right? We got the resistance at around 75 dollars We got the rejection there which opened up a nice sweet margin of profit here And if I could just quickly go back to the trend line drawing so we can see that easier We can see the pullback here is that I think it's like five percent if I'm not mistaken Yeah, about five percent here the pullback from 75 down to around 70 dollars We're holding that 50 sma very nicely So now what I want to see is if we're going to start that up trend and slowly start to fill the gap Back up to about 74 dollars and just judging off this one day one minute guys This is some sweet sweet consolidation right here Very good sign that we're gearing up for a push to the upside tomorrow on why why with a very solid five percent margin of profit To that resistance. So I'm keeping an eye on why why very closely tomorrow And honestly guys, I'm keeping my watch list pretty short as of right now really tomorrow All I'm watching is potentially adding more money into microsoft or rebuilding a position rather Putting money into why why why and j and j potentially and of course if j dst Is showing good signs pre market hours if gold is selling off that's going to be a very good play as well But the number one on my list right now guys for breakouts is you guys because we saw that natural gas pattern It's looking pretty bullish and we all know when natural gas moves It moves quick and it moves big right either to the upside or to the downside, right? We've seen natural gas go 30 points 20 points in a day to the upside Remember that time when you guys was literally on a 25 percent tear for day after day after day like that stuff is crazy And that could potentially happen right now. I'm not saying it's going to happen guys. I can't predict the future I'm not you know, I'm not a wizard here. But if that does, you know, if we do see some push past 270 You know, you guys could be a pretty pretty good runner. So that's pretty much it for today's video guys I hope you enjoyed this recap if you did feel free to hit that like button subscribe to this channel Hit that notification bell so you're notified every time that I do make a video and drop a comment down below Let me know what you ended up trading today. Let me know if you want me to talk about any stocks I'll talk about that in the next video. So I hope you all Enjoyed this video. I hope you all had a great rest of your day I'll catch you all in the next video if you're in that discord chat I'll talk to you there the links down below 100 free peace out