 What is up everybody it's Toss here welcome back to another video so in this video we're going to be talking about three stocks that I'm looking to swing trade right now in the beginning of October in 2019 in this rocky market that we've been in this very volatile market that seems like it's going up one day down the next it's just not picking one distinct direction I want to share with you guys my thoughts involving these three stocks technical analysis entry points exit points so you can get a better understanding of what goes through my head when I'm looking to swing trade in the stock market so if you find value in this video at any point feel free to go down below hit that like button I would greatly appreciate that and consider subscribing if you do want to see further content about the stock market investing and trading this is the channel for you so right now quick little side tangent the SPX the S&P is up 25 points at the time that I'm recording this video on the 4th of August it's doing very well right now right yesterday it did quite well as well and the previous two days it did very poorly which goes to my point that I made about a minute ago that the markets have been very very volatile which leads me to these three stocks that seem like they've been doing decent in this turmoil that we've been seeing recently the first one being PG also known as Proctor and Gamble and I talked about this one in yesterday's video a little bit and I talked about how these quote-unquote value stocks these quote-unquote safer stocks safer than a lot of stocks out there they do a bit better in times of turmoil when maybe some of these growth stocks aren't doing as great right because PG it's viewed as a company that is going to do well even in a recession right but some other companies maybe some tech stocks that really their products aren't needed in times of a recession maybe they won't do as well right so some people funnel money from growth in times of rockiness and put it into stocks like PG and some of the other ones that I'm going to share in this video that are considered more value right so PG you can see the stocks appreciation has been fantastic you guys know it pays a dividend it's very very stable and it's a growing dividend as well and from $89 in the beginning of 2019 all the way to where we are now is insane right that's about a $30 $30 $35 price appreciation in the matter of nine ten months here and you guys can see these moving averages they've been acting as support levels both the 180 SMA and this 50 SMA and it seems like every time we've retraced every time the price has pulled down we've held this 180 SMA support and it's happening again right we've pulled down from 125 down to about 120 we held a higher low and we held that 180 SMA which is telling me that this stock is looking to continue its uptrend it's looking to maybe now push to the next higher high whether that's at 125 50 120 126 or beyond right and that's a good thing because that allows us to get in on these dips and then of course swing trade the stock to a profit that's obviously the desired goal in this thing called swing trading which I'm a part of and I know you're probably a part of if you're watching this video so it's obvious guys that this is a nice dip by opportunity especially with how it's been reacting these past two days and you guys can see on the five-day five minute if we zoom in a bit you know this one has been doing quite well obviously it took a huge hit as did a lot of the stocks this day in the market because the markets in general got rocked but again we're recovering now so it's worth looking at as a potential swing trade we're breaking out of moving average resistances right now it's looking like we're holding this 50 SMA support this is a good sign we're also getting a bullish cross the 50 SMA crossing above the 180 SMA right here these are all bullish signs on the smaller chart time frame for PG and for entry points exit points honestly guys at this point I'd probably like to enter PG on either a pullback here maybe down to about 122 50 I'm looking to see if it ends up holding this old resistance as a new support from yesterday right this could be a nice little pullback entry 122 30 maybe 122 50 or let's say we don't get that pullback because that's also possible let's say we break out ideally I'd like to see a full-on breakout above this 50 SMA into the 123 40s 50s maybe even 123 75 area that could be an entry point if we do end up breaking to the upside but either way this general area right here I'm looking to get an entry point but I want to see what the price action is going to look like heading into next week because I do plan on buying this on Monday or Tuesday depending on how the futures open up and how the markets are looking exit point I told you guys before 126 could be the next higher high 126 50 that's where I'm looking to exit honestly as we start to get close and break out of 125 36 which is this previous high so PG is that one that I'm really really liking right now it seems like it's been doing quite well despite how the markets have been doing over these past couple of months right if we go to J&J this is the second one that I'm looking to swing trade right now we broke a very critical technical level on Johnson and Johnson right we were trading horizontally for it seems like about two months right from about 132 down to about 127 this general area of about five six points we held the support in multiple times we got rejected at that level multiple times right and now what are we seeing right today it's up $2.30 up nearly 2% very good green day so far for Johnson and Johnson with about two and a half hours left in the market today and this is breaking us above that resistance right this is a breakout into the next channel that we're seeing from 131 132 up to about $140 which is that next resistance and what happened guys last time we broke above this channel right we actually got rejected last time which is something to keep an eye on which is one thing that's negative right now my opinion about J&J but let's say we break out of this level here at about 133.70 where we actually are right now roughly what happened the last time we did that well we actually trended all the way up to that 140 level so the fact that we got the initial break above 132 that's a good first step here in Johnson and Johnson now I need to see the next resistance break which is right where we are now it seems like a red candle sticks forming until you know until that breaks I don't think I'm going to enter but once we do get that if we do get that that's going to be the next confirming sign that I need to see to then enter a position on a swing here on J&J and despite everything that's been going on right now with Johnson and Johnson the legal action all the stuff if you guys have been following J&J you know what's been going on this is still a stock that people view as a quote on quote safe for stock as a safe haven as a recession friendly stock right you know because it is one that's been around for a long time it's a dividend king it's increasing its dividends it's known to be very very reputable in that sense and people just viewed as one of those safe companies that people flock to when the growth stocks are starting to get hit and you know when the economy is starting to slow down right that's kind of how the cycle goes in a sense so J&J now entry point I'm looking at probably 134, 134.20 if we do get that maybe we get a pull down retest at 132 maybe we could get an entry point there to a swing up to 134 sell here then maybe rebuy as we break out again that's possible right ultimately the the exit point here would be around 140 but I'm comfortable selling anything above at this point if we do end up breaking this level which would be that one of the next resistances right I'd be comfortable selling if we start to break into the 137s 138s you know right around here is where I'm looking to start selling out of that swing position overall this offers a nice margin of about 5% from around 134 up to 140 and if we go back to PG because I didn't actually show you guys the percentage on this one now that I think about it roughly from where we are now up to the let's say that 126.50 target I had that's around a 2.6% so overall it seems like J&J does have a bit more potential there but I also think it is a bit more risky with all the legal stuff that's been going on recently with Johnson and Johnson and again I'm not getting into that you guys probably know what I'm talking about if you do follow that stock for yourself so the third one that I want to talk about is WMT Walmart this is one that is another one of those stocks that you would consider safer right a lot of people shop at Walmart it's one of the best retailers out there right it's in my opinion the best and honestly they're starting to give or not they're not starting to give their their Amazon a run for their money let me not say that because that's false they're actually late to the e-commerce game but they're actually getting into the e-commerce game heavier now I made a video on this like a year ago I doubt anybody remembers it but I was talking about how Walmart they're a couple years late to the game right now they're starting to incorporate it more which is good it's a good addition to their retail business which again is one of the strongest ones out there but nonetheless that's not what we're talking about we're looking at this chart here and this chart is telling me here guys that we actually ended up bouncing on on old resistance at 115 here as a new support which is very important right this is something that could potentially be ahead in shoulder which would be obviously detrimental to our swing trade here which is why I'm actually waiting to break the 50 SMA first but let's say we end up getting rejected here and doing something like this I'm not looking to enter Walmart at that point because that is going to look like a head and shoulder we'd potentially be dumping under 115 at that point to maybe retest this 180 SMA at like 112, 113 or something right which is obviously not what I want but let's say we break out of this 50 SMA this upcoming week we start to hover around 117 actually we're already at 117 maybe 118 this could be a decent entry point on a potential breakout to retest that 120 high but there's a reason why I had this stock as the third because honestly guys out of the three ones that I talked about in this video this is the one that I'm liking the least I probably like PG the most then Johnson and Johnson and then Walmart which is kind of why I guess subconsciously I ordered them that way in this video right but nonetheless if this breaks the 50 SMA I think there could be a potential run this might even be a day trade or even a two-day swing trade while J&J is going to be more of a one to two-week swing trade and Proctor and Gamble probably around the same time period one to two weeks similar to J&J right so overall guys this one needs to break that 50 if we zoom in a bit to the 20 day you can see we're already looking to pull down and test the 180 SMA on this chart so that's a good sign keep an eye if it ends up holding this that's what I'm watching if it dumps down you know that's not going to be too good for the bullish you know case in this situation yeah that's pretty much it right so three stocks are J&J, PG, Walmart, J&J, PG I'm liking a lot but I figured I'd throw in Walmart because it is one of those I guess you can say safer stocks I'd say J&J and PG is a lot safer than Walmart but Walmart is still one of those that people do consider a value stock so if you guys enjoyed this video if you did find value in 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 join our StrifeSmart Discord chat join our StrifeSmart Facebook group and follow me on Instagram at StasSurface just my name I'm posting everything there in the story from callouts to trades to things that I'm doing throughout the day if you guys want to see it that's where you could follow me so I'll catch you all in the next video thanks again for watching peace out