 Good morning everybody it stops here. Welcome back to another video So in this morning's video We're gonna be talking about a couple of stocks and ETFs that I'm personally watching and looking to trade here on the last day of February the 28th of February and 2019 so let's get right into it guys I don't want to keep you too long this morning the first one I am watching is natural gas and for those you guys that don't know Natural gas is a future and we trade a pair of inverse ETFs me personally and a lot of people that watch this channel You guys and D gas and pretty much guys whenever natural gas is going up in price You guys is going up in price as well and just to get to just to give you guys, you know a quick little Look at this ETF here that I'm looking to trade. It's you gas ticker symbol u g a Z and pretty much whenever natural gas is going up in price You guys is going up in price and what do we notice right now about natural gas guys? It's at a very very critical point. We notice we're at the 180 estimate resistance right now on this 180 day four-hour chart this has been a Resistance over the past couple of months stemming back to the middle of January in 2019 we can see three separate occasions here We had trouble getting out of that resistance on the 14th of January the 16th of January and the 17th of January and that's really the month where we downtrended very heavily in Terms of natural gas but since then we saw the double bottom the break out of the first resistance here Which was the 50 SMA the break out of the 270 resistance, which is a good sign that we're trending up And now we saw the rejection a couple of days ago at 285 and now it's looking like we're retesting that area of 285 so two things can happen right here guys Let's say we break out of the 180 SMA resistance We break out of that 285 resistance and ultimately into the 290 range This is going to be a good sign for you gas to take a position Whether it's a day trade a couple of days as a swing trade Even though you're not really supposed to uh, you know swing trade these volatile leverage ETFs Which you can do it at your own risk that could be a good opportunity if we do break out of here to the upside on a Technical basis, but another thing you could potentially do if we do get rejected here today And let's say we start to push back down into the you know mid 270s high 270s and slowly start to test the support you can play the inverse of you gas which in this case is D gas guys which obviously goes up in price whenever natural gas is selling off So that's the first pair of ETFs I'm watching today and natural gas again is at a very critical spot whether it's going to break up or down That's going to be the deciding factor on what we're going to be trading today D gas or you guys another bunch of stocks That I'm watching today are the marijuana stocks in particular Cron Cron CGC and AC B, which is a raw cannabis So just to quickly go over these ones guys We saw Cron over the past couple of days kind of take a dip from about $23 down to about $19 and now we're seeing a resistance at around $21 and let's say 50 cents roughly right so what I'm watching for and we can see this alert that I do have I'm going to slowly bring it down to about $22. I'm watching for the break out of this resistance and the break out Honestly of above $22 to see if we can test the next resistance here, which would be at around $23 so judging off a longer term chart here guys We can see what I'm talking about a little bit more clear We were holding that uptrend pattern for the past couple of weeks here really from the 10th of February up to the 22nd we took that dip We broke the pattern, but now we're testing the resistance, which if we do break out of it, right? We'll be retesting, you know these highs of this pattern from a couple of days ago So I'm watching Cron here very closely for the break above $22 AC B and raw cannabis is another one that we saw took a dip from around $8 $790 down to about 750 and it's looking like we're holding the 50 SMA here on the 20-day one-hour chart as a Support and we're trending up pre-market hours heading into the bell here in about 20 minutes. So let's say Excuse me. We do end up popping up opening up green We're gonna look to fill the gap back up to 790 and this could be a very very solid Potential day trade here, and if we break 790 heading head into the $8 range Hypothetically we could end up trading it back up to 855 which is a resistance back from what is that? the 5th of February in 2019 and CGC guys this one's actually up pretty big right now on the on the pre-market hours here We're up about like $2 nearly Actually like $1.50 from $45.50 up to where we are right now And this is a good sign that we're holding the support from a couple of days ago on this 42 $43 mark where we bounced on the 11th of February and now it's seeming like we bounced there again on the 25th of February so what am I looking at now guys well We held the support and we bounced even above this resistance which is now a new support again at about 45 dollars And it's looking like we're holding that in the pre-market session right now. So guys CGC Look for it to slowly start to test $47 potentially not $47 $50 actually which would be the next resistance here at about 4950 to $50 so from where we are right now guys 47 up to $49 that's the next fill the gap Fill that I'm looking for it to do and from there if we do end up breaking 49 We could end up had heading back up to $51 in terms of CGC So I'm watching CGC guys very closely this one's probably the most attractive one on a technical basis of course Cron and ACB they're also looking very nice as well, and what is the other one? I was I wanted to talk to you guys about What was it coca-cola? That's one that I'm actually already in I did take a position in that one Yesterday, I was gonna let you guys know and here it is. I took a position in coca-cola yesterday This is a potential swing that I'm currently in with about 15 20% of my goal position in coca-cola Another one that I want to watch today guys for potential day trade and the continuation of the uptrend pattern is UWT and for those of you guys that don't know UWT trades based upon the crude oil futures whenever crude oil is going up in price UWT is going up in price as well And what do we notice here pre-market hours guys? We saw a pretty big dip down to about 1536 and it's looking like we're maintaining that uptrend pattern from the past 20 days here on the dip that we Just took this morning. So keep an eye on this level guys if we break $16 This one could be a runner back up to 1650 and of course if we continue the uptrend pattern We could be testing potentially 1675 $17 here in the next couple of days in terms of UWT So that's pretty much it for this morning's video guys a couple of stocks and ETFs And I'm personally watching the marijuana stocks coca-cola UWT and you guys those are you know five six I'm personally watching right now drop a comment down below What are you guys watching today in terms of your trades? I would love to know hit that like button If you guys do enjoy these pre-market videos if I do get enough likes if enough people do like these I'll consider doing these on a day-to-day basis and just let me know guys Simply just drop that comment and if you're new to the channel subscribe to the channel and hit that notification bell Good luck today trading guys. I hope you all do well. I'll catch you guys in the video later today