 What is going on everybody, it's Toss 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, five in particular in the month of October heading into the month of November in 2019. So if you guys enjoy this video at any moment in time, feel free to go down below and hit that like button and consider subscribing if you do want to see further content about the stock market, investing in trading and don't forget to join our StriveSmart Discord group chat and our StriveSmart Facebook group. Those are linked down below and are 100% free of charge. So guys, let's get into it without further ado, starting off here with the SPX, the S&P 500 index, the 500, the largest publicly traded US companies and guys, this actually took a turn for the worst here in the last hour of trading. We were thriving above 3,000 points today. I think we hit a high at about 3,015 or something like that and you guys can see we clearly sold off below 3,000 and ended up closing at around 29.95 which put us in the red for the day at 10.73 cents in the red down about .36%. So we talked about in yesterday's video how we were breaking out of this ascending triangle wedge pattern, right? We were breaking out of it which was really good and that in my eyes that was telling me that you know the S&P is going to these all time highs, 3,026. Today again we got to about 3,015 almost half way there but we saw a very, very strong resistance at 3,015 throughout the day. So that's kind of something to keep an eye on right over these next couple of days as we try and get to those all time highs you know we have to break above 3,015 now but the good thing is like we talked about in yesterday's video we ended up breaking above 3,008. That was the level that we were struggling to break out of on the 17th of October. We closed below that yesterday so the fact that we popped above it today that pushed us to a higher high. So the continuation of the uptrend was there and this pull down is honestly not too bad. We're holding this 50 SMA here on the hourly chart. We're also holding an old resistance at about 29.95 as a new support. So I kind of want to give the SPX here some wiggle room tomorrow and see you know are we going to hold this as a support if we start to pop back up and especially if we break back into 3,000 territory into that you know general area. You know that's going to be telling me the SMP confirmed a higher low and now we're pushing back up to test 3014 and maybe even get to that all time high that we've been talking about at around 3027. So keep an eye at this level here on the SPX very very important and if we go to the SPY you guys can see we broke a critical level of support today at around 299.30ish right you know we broke that level but nonetheless if we go to the 20 day one hour similar to the SPX here we actually pushed to a higher high today. We got almost to 301 dollars per share and if we go to the one day one minute we can see that and we can also see how strong of a resistance 309 300.9 was today as well but despite the fact that we fell you know towards this last hour hour and a half of the market almost two hours if we go back to that one hour chart we are holding this 180 SMA right now at a higher low. So I just want to give it some wiggle room again just like the SPX the SPY it's really just an ETF that tracks the SPX and a lot of people look at this to kind of get a broad idea of the US market. So just keeping on these major levels here if we pop you know hold this at a higher low that's going to be bullish in my eyes. If we break that break that support obviously that's going to be bearish we may be going down to 297 on the SPY here back to the SPX if we look you know if we break 2995 some levels we may be going to 2950 is one that comes in mind here and other than that maybe 2880 that's if we break 2950 obviously right so going to the Dow Jones industrial average today guys down about 40 points at the close down 0.15% and this is a bit different than the SPX because yesterday we failed to break out of the ascending triangle here we actually got rejected by it and now we're looking to pull down and potentially test 26600 and the fact that we closed above that that's a pretty good sign right but this is still looking bearish to me so I do think it's possible especially if Boeing reports bad earnings tomorrow and that stock dumps I think it's possible the Dow does end up running down here and testing this tomorrow and maybe even breaking it you know if a lot of these Dow stocks in the future in these next couple of weeks as earnings are rolling through do poorly so that's kind of what I'm watching for on the Dow right now if we go to the 20 day one hour we can see the clear resistance at 271 got rejected by there we're trending under the 50 SMA at this point if we break the 50 SMA watch for the test at 27K here on the hourly chart if we break that that's bullish right if we end up dumping below 266 like we saw on the four hour chart that's going to be bearish and we could potentially see more downside from there and going back to that hourly or really the one day one minute you can see the Dow went from almost 27K with about an hour and a half left in the market today and it dumped all the way down and to be honest guys I don't really know what the catalyst to this is I saw some headlines before recording this video about Brexit but I didn't look too deep into that so let me know down below if you guys know what dumped this market because again I'm recording this 10 minutes after the market closed so I'm still trying to get my thoughts together for the day but obviously if I plan the video have things for the video but other than that you know I'm just confused as to what made this market fall so let me know down below in the comments about that going to the NQ here you know this one ended up closing down 91 points today tech was down pretty heavy this is down 91 points and it's falling obviously because this is the future down about 1.15% and if we pull back here to the four hour chart this was looking bullish right this was looking bullish because we broke the ascending triangle now we're starting to see some strong resistance at around 79.90 to about 8000 bucks right if we zoom in a bit this is looking like a double top here we're falling down and we're honestly breaking below 78.70 right now which is another main support so this is starting to look a bit bearish in my eyes in terms of the NQ especially because of this double top downwards break that we're seeing and by the way if you guys don't know a double top typically is a bearish move especially if we're breaking support levels you know after the double top like we are right now on the NASDAQ right if we go to the hourly chart you can see we're breaking the 180 SMA here which is pretty bearish as well on the five day five minute you guys can see the big dump off and the break of that 78.70 support on a bit of a closer scale which again like I preach on the channel guys it's why it's so important to look at multiple time frames not just one but look at everything because it tells different stories these different time frames you know the five day five minute might be telling a completely different story than the four hour chart right so overall that's what I'm looking at in terms of the markets right now we were doing pretty well markets dumped again I don't know what the catalyst is it might be Brexit let me know down below if you guys um you know really have an idea is there not a catalyst maybe this is just profit taking who knows right guys but anyway let's get into what I personally did today then we'll talk about these five stocks and very simple I traded at the overnight and I actually ended up selling out of my position today to really reanalyze and look for a better entry point tomorrow and let me explain why and I'm sure you guys probably know if you watched my video yesterday so let's zoom in here to the 20 day one hour chart actually let's go to the five day five minute chart so I could show you guys where I got in so I got in yesterday morning I believe it was around 767 76.7 roughly right there I swing traded for the entire day and I held it overnight and my goal with this originally like I stated in yesterday's video was to sell some shares here and then maybe sell the rest of my position at 81 35 but since it filled the gap so quickly this morning to the resistance I decided to completely sell out of the position take the quick little gain here on the overnight swing trade and now I'm in a position where again I want to maybe enter this one re-enter this one in the next couple of days or maybe even wait until after they report earnings here on the 1st of November it's kind of a mixed bag for me right now I'll be honest I'm thinking about what I want to do and yeah that's why I'm telling you guys in this video because really I took the profits now I'm like on the fence right I don't know if I want to re-enter before earnings wait until earnings but then if I wait until after earnings I might miss an opportunity right but these are just things going through my mind another thing is the RSI is overbought so I didn't want to get caught in an overbought stock that sells off over these next couple of days so you know I ended up just taking those profits and if we zoom in a bit here I took the profits as we started to see a strong resistance under that overall level on the 4-hour chart and you guys can see it there was almost a triple top here I guess you can say it was a triple top you know we got rejected here at 78 60 then we tested it again a couple minutes later really about 45 minutes after the market opened got rejected there got rejected again about 45 minutes later then again about 45 minutes later and at this point guys I think I it might have been this pop or this pop nonetheless I sold out guys I sold out of the position I believe it was might have been this one at around 78 44 I saw a little descending pattern starting to form here you know lower highs you know I just I just decided to sell out at that point and if we look at a percentage gain you know it's justifiable because I was up almost two and a half percent overnight that's a pretty good overnight move my opinion for the way I'm trading and my risk tolerance so I decided to take the profits there another trade I entered today was in Procter and Gamble they reported earnings today they did very well they sold off there was a lot of profit taking in the morning it went from 125 to about 121 bucks and this is perfect scenario for me guys because like I always talk about on the channel I don't really like buying stocks before earnings I like getting an after after I see a positive report and a lot of just just good sentiment from the company surrounding the earnings report and that's what we got today from Procter and Gamble if we look at the live news here zoom down a bit I'll show you guys their earnings they reported sales of 17.8 billion that was what they reported and the estimated or not estimated last year was 16.69 billion which is a very it's pretty good year over year increase right but that's not the earnings let me show you guys the earnings where are they here um here we go $1 and 37 EPS beats $1 and 24 estimate that's a very very good beat that's very very good sales came in at 17.8 like we just said right you over your increase is pretty good there especially for a mature company like Procter and Gamble and that's 17.8 billion beat the 17.42 billion which that's a good beat as well so the stock guys I woke up this morning I posted a screenshot on my instagram this stock was up very very big this morning right you can see here from yesterday's close at around 118 this one was up to 125 which was about a 5% move you know you know really overnight at that point so from there we sold off all the way to 121.7 and once we hit this bottom here guys we started to pop up I bought some Procter and Gamble literally right here not at the complete bottom but I bought some here at around 121.9 $121.90 and this is one guys that I feel comfortable swing trading a lot of analysts are raising their price targets on Procter and Gamble again their overall trend on the one-year one-day chart is up we got the massive gap up above the 50 SMA on that one-year one-day chart which I think is very bullish so maybe it wiggles a little bit for these next couple of days right it hovers around 120-122 but overall in the next month I think this swing trade the swing trade I'm looking to build I think it's going to be very very good I think it's going to offer a lot of potential over the next month you know as it consolidates as it you know pushes up pushes down a bit and picks that overall direction which in this case I think is up obviously which is why I'm swing trading it so Procter and Gamble I'm in that Abbey ended up selling out looking to get back in but that's overall what I ended up doing today in these markets so let's go rapid fire and talk about these five stocks that I'm looking to trade and I'll throw some bonus ones in because honestly I have more than five stocks listed here and a lot of these stocks are reporting earnings so let's get into this quickly the first one is Visa guys ticker symbol V this is reporting earnings I believe tomorrow on the 24th that's actually in two days from now this is worth watching again whenever a company reports earnings you want to look at the guidance you want to look at EPS year over year you want to look at revenue year over year did they beat analysts just a bunch of different things because this is what moves the stock the next day right either up or down and based on these earnings that's what we're going to do as traders based on what the earnings are we're either going to do you know shorting my short the stock put options call options or we might just straight up buy shares and swing trade it over the next couple of weeks so Visa right now although the technicals I'll be honest they're not looking great this is moving horizontally if we draw out this little pattern here you guys can see we're moving horizontally right now in Visa stock we're out of support at around 170 so just keep an eye on this right this one does have some good potential if we start to push up above 170 especially if we hold 170 you know coupled with a good earnings report this one could do pretty pretty well just keep an eye on it right PayPal is another one that actually fell through the floor today if we actually look at these technicals very quickly you can see I drew out a level at about a hundred bucks and have been talking about this level as a very strong level of support if we were to break that as you can see I drew out the trend line a couple of days ago I was saying if we break that level at 90 99 a hundred bucks we may be going down to 93 dollars and unfortunately we're trending in the middle of that channel now this is looking like a falling knife so there's a pretty good chance that we do get down there especially if they disappoint on their earnings which are tomorrow the 23rd of October so this is another stock the technicals aren't looking too great but typically around earnings it's pretty volatile as are a lot of these tech stocks right a lot of these growing companies you know surrounding earnings so keep an eye on it right worse comes to worst you know we sell off to 93 we obviously will be very oversold at that point and then maybe we make a comeback up to 99 a hundred bucks to retest that as a resistance and from there we may break out which would be very good we may be going back to the 100s 105s at that point and especially especially if we break this 180s may resistance so PayPal worth watching there Amazon is arguably the biggest earnings report this week right this is tomorrow not tomorrow the 24th 10 slash 24 19 and this is another one that's been beaten down over the past couple of months right from the high at 2035 down to where we are right now that's about a 13% opening we can see here we are holding 1700 bucks pretty nicely we held that level back in June in the beginning of June before that rally up to 2k now we're holding it again at 1700 but we are getting rejected at 1800 putting us in this 100 point zone so what are we going to do here in Amazon stock are we going to breaks 1800 bucks if we do I think we could fill up to 1850 after the earnings report if the earnings report is positive that could definitely be a good thing if they beat aggressively on EPS revenue year over year numbers are looking good this could really run up to all-time highs here in my opinion if these markets in general do get to these all-time highs if we get some positive optimism around China we get some good earnings from a lot of other massive companies this could push the market in general but with the market struggling at 3000 right now mixed bag earnings so far we had McDonald's didn't do that well today you know I'm interested to see if we do get to those all-time highs again I think we will in the short term here but that's just something to think about right earnings in general mixed bag you know this can definitely bring the market down or maybe it pops it up it's really just a toss up at this point right so Amazon watching that one let me pull up my phone again because it shut off there Tesla is another one that I'm watching obviously this is one that's reporting earnings I believe tomorrow yep Tesla's reporting earnings tomorrow keep an eye it's holding the 50 SMA on this four-hour chart that's looking good I think if we break to 60 we could fill the gap up here to 275 bucks so watch that I believe if we get a good earnings report which with Tesla it's another mixed-bag company you know every quarter I feel like it's different for them so it's going to be pretty crazy whether we pop up 10% sell off 10% anything can happen but just keep an eye on those earnings again keep an eye on 260 to 275 that could be a tradable play there if we break 250 here we may be selling off to 240 to 245 ish that's what I'm thinking on Tesla so McDonald's today guys they dumped and this is one that I'm seriously thinking about a swing trade here once we start to settle consolidate and find some support at any of these three levels the first level you guys see is 200 bucks roughly 197 to 200 bucks we closed above that today which is good the next level is around 193 and the level under that is around 188 bucks and you maybe ask yourself why did McDonald's tank today well if I pull up this little picture here you can see their earnings $2.11 versus $2.21 expected revenues 5.4 billion versus 5.5 billion expected one good thing about their earnings were the global same-store sales that's a little tongue twister there guys 5.9% versus 5.6% expected so they beat on that but nonetheless the major metrics you know EPS revenue they didn't beat on that pushing us down here and honestly I'm not mad about this because McDonald's has been a stock I feel like that's been due for one of these major pullbacks if we look on the three-year one-week chart this pullback is due we were very overbought we're selling off now we're holding that 50 s may well not really holding it yet we're trending above it so I'd be watching this you know large chart on the three-year one-week time frame to see if we hold this if we do this is going to be a sign for me to enter um you know especially as this earnings disappointment fizzles off because I think it will you know McDonald's it's a premium premium company one of the best companies in the world ultimately I think this is just going to continue running up here especially if these markets are healthy well you know one one may argue that the markets aren't healthy right now but if the markets stay the way they are decent you know trade talks don't get crazy we don't get crazy pessimism surrounding certain certain things these markets run up over these next couple of months I wouldn't be surprised at all if McDonald's was running up with those markets and I think they will which is why I'm looking to swing trade it so two more guys proctor and gamble is actually one on the list we already talked about that so one more which is going to be Boeing Boeing like I mentioned in the beginning of the video this is going to have a lot of weight on the Dow you know if Boeing if Boeing you know dumps tomorrow they report earnings you know on the 23rd if they do poorly this can weigh the whole Dow down put Dow back in bearish territory you know the the Dow back in bearish territory you know if we go back to this four-hour chart on Boeing some major support levels we talked about I believe in yesterday's video or maybe not yesterday's video but one of the previous videos 330 very very strong level of support here if we break that you know we're going to have to pull up the three-year chart to see where we'd be going next you know arguably you can say 300 bucks flat we may be going to that which could be a put option play if we do get that triggered down the you know the selling pressure we do get obviously negative earnings coupled with that which would probably cause that selling pressure you know this could be a very shortable stock in my opinion especially since a lot of people have been saying you know Boeing might not be you know doing too well here in the short term due to the issues they've been having with their planes so overall guys those are some stocks that I'm watching five in particular some bonus ones actually let me give you one more bonus one right now I'll treat you guys M O this stock has been tearing it up from the low at about 39 bucks and I've actually been buying this stock in my you know what's it called guys my portfolio that's private the private portfolio and the public portfolio which is the M1 series that I have here I've been buying it heavily and I'm up a good amount on the shares on the M1 portfolio I believe I'm up like 12% on the position already the other one I forget how much I'm up on that one but either way I think this is worth watching they're also reporting earnings here although they are over but watch to see what it does here at 46 bucks guys if we break 46 consolidate there a bit this one could be starting to reverse back up to the 50s and it's long overdue because tobacco although it's been declining obviously the cigarette sales which is Altria's main business you know that's been declining there's no doubt about it but I think there's a lot of future potential with their investment in the marijuana industry with cronos and jewel I'm gonna say guys I think jewel has a lot of potential although it's been heavily scrutinized in this country being the United States and globally honestly guys it's been scrutinized but I think over the next couple of months next couple of years I think jewel is going to have a lot a lot a lot of potential here which is why I've been buying Altria and why you should be watching it as well because this is a company that it's mature it's a mature company some may argue it's declining its core business is declining that's a fact right but they're looking to plan for the future this is a company that's looking to really grow future revenue streams in in industries that are going to boom and I do believe the marijuana industry is going to boom here in the next 10 years as more states legalize it and I think the electric company not electric company the electric cigarette company jewel is going to do very very well as well here so overall guys that's it for this video if you enjoyed it feel free to go down below hit that like button consider subscribing if you do want to see further content for me about the stock market investing and trading and don't forget to join the StriveSmart discord group chat and the StriveSmart facebook group those are linked down below as well as my personal instagram my twitter everything is linked down below so I'll catch you all in the next video thanks again for watching peace out