 What is going on everybody Astos here welcome back to another video So in this video, we're gonna be doing an overall market update taking a look at the Dow Jones the S&P 500 and the Nasdaq We're going to be doing a quick brief trading update today Although not much movement was in my portfolio, but we're still going to be talking about that and we're also Going to be diving into Apple's earnings today I have a bunch of notes here on my phone talking about some key numbers and metrics from the earnings and for those of you guys That I've been watching the stock after hours. It's going absolutely Bananas guys so before we get into that for everybody out there that finds value in these videos You enjoy the content that I'm putting up here on YouTube Feel free to go down below and hit that like button It really supports me and supports the channel in general and honestly It's telling me that I'm doing a good job and for me to continue to create content here for you guys So with that further ado guys, let's just jump right into it. I don't want to waste too much time in today's video Let's quickly do the rundown on what the overall markets are looking like the S&P the Dow and the Nasdaq We can see here the SPX also known as the S&P 500 the 500 largest publicly traded US companies ended up closing the day up two dollars and eighty cents up point one percent Nothing crazy, but if we hop in here on the one day one minute We can see it did tank really early today if this does want to load Okay, there it is guys. We saw the big gap down all the way to 29 24 But we recovered very nicely from that low point about a 21 point swing We'll talk about that a little bit more in depth in a couple of minutes here The Dow Jones industrial average same thing guys big gap down to 26 400. We hit that support level We popped up nearly 200 points from there ended up closing the day up $38 and 52 cents up point one five per cent. So the Nasdaq I'm assuming it's doing very well here after hours. Yep. It is because Apple is going up like crazy But overall we're up thirty seven dollars and seventy five cents as of right now up about point four eight percent Nearly half eight percent in terms of the Nasdaq So let's hop back over to the S&P 500 guys and we're going to look at some Technicles here that are affirming to me that the uptrend is continuing in the S&P 500 And we can simply see it here on the 20-day one-hour chart, right? We saw how we took that pretty big gap down today to about 29 20 Which was about nearly 30 points lower from the all-time high we hit yesterday of about 29 49 But we maintained a higher low from the previous which is the continuation of the uptrend on one technical aspect And the second one is we held the 50 simple moving average support Which has been a support over the past couple of weeks on this 20-day one-hour chart Which is a very very good sign and to be quite honest with you guys if Apple holds the levels that they are at right now If the stock maintains roughly the 210 215 level tomorrow, you know This in my opinion is going to push up the SPX and we're going to have a pretty big green day Not maybe the biggest green day But we're probably going to push to another higher high and probably to another all-time high into the 29 50s Maybe 29 60s if and if Apple does end up maintaining these levels and popping up the market tomorrow But all in all guys not much to break down, right? We're simply really testing all-time highs again The uptrend is still intact and we confirmed it on the 20-day one-hour chart that it is still intact So hopping over here to the Dow Jones We talked about and we've been talking about on these videos how the Dow has been maintaining this horizontal channel from 26 400 up To 26 800 this 400 point, you know buffer range That's where we've been trading in terms of the Dow over the past couple of weeks And if we see here on the 20-day one hour, we can see exactly what I'm talking about actually Let's go to the 30 day 90 minute. We can see it a bit better, right? We've been trading pretty much from the middle of April to now So pretty much half of this month of April. We've been trading within this range We pulled back again like we saw earlier today in the Dow Jones pretty sizable pullback and the Confirmation of the uptrend just like the SPX is or it has rather been confirmed on the 20-day one hour since we held The higher low from the previous we're pushing up to make a higher high from the previous here at about 26 600 Hopefully if the markets go up tomorrow that will end up happening and that's pretty much it right the uptrend is intact Everything is looking solid right now for the Dow Jones and just like I've been saying in these videos guys We need to see a break out of 26 800 Roughly 200 points higher from where we are right now for the Dow Jones to test all-time highs and in my opinion This is something that can very well happen in the next couple of weeks if the markets continue to stay Strong so that's the overall update guys nothing crazy in terms of a green day here But the uptrend again is still intact just like the SPX We're looking to break all-time highs here in the Dow in these next couple of weeks So the NASDAQ like I said, it's popping up mostly to a good earners report to you know in terms of Apple here We're but we're bouncing on the 50 simple moving average on the 184-hour chart very good sign that this was kind of like a A bullish little pennant here in a way right we can see it was if I can get my little drawing tool Actually, I could probably just do it like this right we can see It was kind of down trending a bit right if we can actually get it right It was kind of doing something like that and the fact that we bounced here on the 50 is a very good sign That we want to continue to push up here But now what I want to see is a break out of this little Downwards trending resistance of the channel that we can see here very clearly from my trend line If we break that tomorrow guys, which it seems like we already are and again if the markets do well tomorrow This is most likely going to happen That's going to be a breakout in the NASDAQ and I wouldn't be surprised if we were to hit another all-time high You know past 78 79 maybe into the $7,900 level if that does end up happening So honestly, you know over these past couple of videos there hasn't been much to really go over in terms of the markets Right, they've been in the same levels, right? They've been really maintaining the same patterns and that really just instills or really it's just maintaining Or really the patterns are the same in today's video, right? Very similar to what I talked about yesterday. The uptrends are still intact. That's all I'm really seeing right now guys So let me know down below in the comment section. What are your opinions in terms of the market right now? Obviously the markets have been going absolutely crazy, right? We're up 20 30 40 50 percent and some of these stocks that hit lows towards the end of 2018 beginning of 2019 I would love to know are you guys buying stocks right now or you guys just simply mostly in cash Are you waiting for a big pullback to hop back into stocks? I would love to know just let me know down below in the comment section So what are we doing or what did I do rather in terms of my trading today? Honestly guys, I didn't really do much of anything new, right? You know that I'm in Facebook and Procter and Gamble, which both did pretty decent today Facebook had a run up to $198 nearly today, right? We saw that but it honestly took a little pullback from there and actually hit all the way to the 192 level very volatile day here in terms of Facebook. I did not add to the position due to the massive spike that we saw here I knew I didn't know but I I kind of thought that we were going to see a bit of a pullback here I didn't think it was going to be this aggressive, but I didn't want to add money here and then pull back Right and kind of get faked out. So I'm still just simply holding my Facebook shares Roughly in the 193 level where I initially bought a couple of days ago. So that's kind of the rundown here on Facebook I'm still very confident in this swing trade. I still plan on holding this one into the 200 plus level That is the plan as of right now Procter and Gamble did very well for me today This is another one of those swing plays that I'm currently in I bought in after their earnings report This one was up $1.70 today up 1.62% and we were talking about yesterday's video how the pullback that we saw yesterday Was not surprising to me right because we saw a very big pop up on Friday I believe it was a 2.5% day from 103 all the way up to 106 and after hours So this pullback was simply a little bit of a retracement, right? We still maintained the trend here on the overall Five-day-five-minute chart and you can see literally the trend line that I drew in yesterday's video Take a look at that guys. I promise I didn't touch that trend line This is literally what I drew yesterday and take a look at how perfectly it played off of that trend line Right if we just extend it a bit It's not going to be perfect, but you guys get the idea here It literally bounced right at the support of that trend line from the pullback yesterday and it popped up super aggressively and That was the bounce zone right from 104 5850 ish higher low from the previous we pushed to a higher high now So tomorrow we might see another bit of a pullback or we might just pop up into the 107 level That is what I'm looking for in terms of Procter and Gamble So to be quite frank with you all That's all I did today in terms of trading, right? I didn't really deploy any new money into the stock market I didn't take any day trades. I'm just waiting or rather I was waiting to see what AMD was going to do and what Apple was going to do so I can maybe Deploy some cash into those in tomorrow's session or maybe in the rest of this week And I actually have a lot of other stocks that I'm eyeing up, right? I'm eyeing up a position in Ford I'm just waiting for the right entry point. I'm eyeing up a position in Google, believe it or not once this, you know earnings You know, they missed in terms of earnings the stock went down a lot I want to wait and see if there's going to be a reversal to the upside on Google for potential swing plays So I didn't really want to force any trades today if that makes any sense and sometimes guys I haven't talked about this in pretty much a couple weeks at this point Sometimes the best trade to make in the stock market is no trade at all, right? Sometimes it's best to just sit on some cash and wait on some opportunities, right? So tomorrow there's most likely going to be a lot more movement in my portfolio And let's just talk about Apple now guys. You saw it in the title I'm sure you clicked about on this video to hear about Apple's earnings Let's just talk about it and see what the stock is doing right now I actually haven't checked it in a couple of minutes here So it seems like we are at about two hundred and eleven dollars and thirty one cents as of right now We popped up all the way to two thirteen So typically when you're seeing a stock move like this on earnings, you better believe a 90% chance that the earnings were good Right, so let me just pull up my notes here I have a bunch of notes about Apple's brief numbers, right? So let's just do the rundown guys earnings per share came in at two dollars and forty six per share That beat the two thirty seven expected by analysts So beat on EPS very very good metric there revenue came in at fifty eight point oh two billion Versus fifty seven point four nine billion expected another beat on revenue So the two key metrics we're looking at for earnings, right EPS revenue Apple beat on both of those I believe their EPS beat by four percent. Don't quote me on that and their revenue not not as big of a beat in terms of EPS I believe it was like one two percent again. Don't quote me on that. This is just off the head Numbers based on what I'm seeing here if we're going down to iPhone sales guys iPhone sales has been one of the key Controversies in this business right the iPhone sales have been weakening China demand has been weakening sales in China Have been weakening over the past couple of months So iPhone sales actually came a bit short they came in at thirty one point oh five billion dollars versus Thirty one point one billion expected. They're actually down from thirty eight point oh three billion from last year's Quarter that is roughly a seventeen percent drop, which is actually the biggest drop in History guys, so that's pretty huge in terms of the iPhone sales a couple of months ago guys I just kind of briefly mentioned that a couple of months ago Apple announced its weakening sales in iPhones in the Chinese market, which comprises the Chinese market That is one-fifth of the total sales from 2018 so you can understand that if a certain area if a certain market comprises one fifth of your business and That market is being or doing poorly rather that's going to have an effect on the business, right? So China sales dropped twenty six point seven percent in the first quarter of 2019 and we talked about the weak Chinese demand right so Apple cut prices of the iPhones in China to Stimulate more demand right which seems to be Working with the sales in China starting to stabilize So I'm actually very happy to see that as an investor as a long-term believer and shareholder of Apple again The Chinese market is a huge market for Apple guys And we need to see China start to stabilize start to grow in terms of sales again For the overall business to continue to to flourish and grow So the fact that it is starting to stabilize there in terms of Apple's biggest product Which just happens to be this device you're seeing the iPhone right that makes me super happy So we didn't only be on EPS and revenue some of the smaller segments of the business including services and wearables they also did Significantly better than the expectations, especially wearables guys services beat It wasn't a crazy beat, but it was a beat They came in at eleven point four five billion versus the eleven point three two billion Expected which is absolutely great right they beat on on the services, which is one of the businesses They're looking to expand right we saw the new news service right the streaming service the gaming service The one other service the fourth one. I can't remember off the top of my head guys I seem to always forget one of the four on you know new segments They're coming out with but they're really trying to take the you know the iPhone database, which is around one billion You know registered iPhones from what I believe and they're really trying to Expand that into different models including these services You know the services business because this is going to be a cash cow For the business in the next coming years in my personal opinion So the wearables revenue came in at five point one three billion versus four point seven nine billion Expected another big thing guys the board has authorized another 75 billion in share repurchases which is very great news and for you dividend the dividend investors out there you dividend growth investors you Investors that believe Apple is going to be a big dividend Payer in the future, which I personally believe as well. They raised their dividend by five percent guys This is very very very big news because people that invest in dividend paying Companies they not only like to see you know a strong starting yield They like to see Businesses that are growing their yield year over year very very aggressively So five percent growth in a quarter if they keep it at this rate That's going to translate to a twenty percent growth in the dividend yield over a year Which is a very very strong dividend growth in terms of a company like Apple, right? So that's just the rundown of Their earnings for ticker symbol a APL drop a comment down below Let me know what you guys think about this I would love to know I know a bunch of you in the group chat were actually holding Apple You know you had some call options whatever the case may be so if you did very well on Apple Congrats to you. I hope it does maintain these levels, and I hope you guys are able to take your profits tomorrow Hopefully Apple doesn't pull a Facebook and by that I mean when Facebook reported earnings a week or two ago Whenever that ended up happening, you know the stock popped up heavily Then we saw a very big pullback on the next day to be quite frank I personally wouldn't mind that because I don't have a swing position in Apple right now So if we did pull back, I'd probably add some shares in my swing account For Apple on a positive earnings report. That's just my style, right? I typically wait until after earnings to see what the guidance is what the earnings are were they positive Were they negative and from there I like to get in on pullbacks. That's kind of what I do here You know in terms of one of my strategies, so Apple that's what they ended up doing amd I'm not going to go too in depth on their earnings because quite frankly guys I don't want this video to be 45 minutes long. So let's just go to their live news very quickly I know they did quite well Let's just see what they ended up doing in terms of revenue or their earnings So if we go down here, hopefully they do have it here it is guys They had EPS of point oh six which beat the point oh five Estimate I believe that was a 20% beat on EPS, which is absolutely Amazing, right? Remember AMD is a smaller cap company guys So that's why the earnings are very in the pennies, right? It's a small cap company The sales came in at 1.27 billion, which beats the 1.26 billion Estimate so that in terms of the brief metrics on AMD is a good earners report So let's just start off with AMD in terms of a technical breakdown, right? We've been talking about AMD in this range that it's been in from $27 to $28 and I was talking about in yesterday's video the past couple of videos how when AMD was going to report earnings It was either going to break to the upside right the upside of that channel above $28 Or it was going to sell off into the $26 level So what we're seeing now is finally some direction on AMD. We're breaking out of this resistance We hit almost $30 here after market hours and now we're pulling back if we go to the one day one minute We can see exactly where their shares are. They're roughly at about 29 or 28 rather 93 so this pullback here You know could open up a position tomorrow, so let's say it does end up maintaining this level I would love to see an entry at around 2850 maybe 2875 tomorrow for AMD on a potential Swing trade, but again, I'm very happy that we're finally showing some Direction here and I was actually reading a couple of articles some analysts do actually think that AMD is Going to hit all-time highs again We saw a bunch of analysts raising their price targets a couple of weeks ago So with that and you know with the you know positive earnings report here from the brief metrics that I saw You know, this could be a catalyst for AMD's growth. So AMD Definitely one that I'm watching obviously Apple don't have to go too in-depth on that because we really just did that Hopefully we get a pullback in Apple so I can get an entry point there What's the other ones I wanted to talk about today Google guys again Google Reported pretty bad earnings. They missed I believe on EPS and revenue right their sales in terms of their cash cow business Was they were down right sales were down the stock tank from nearly 1300 down to about 1188 but now with Apple's good earnings I would love to see if Google's going to end up pumping back up right if we go to the one day one minute We're slowly starting to see a little pop up here We had consolidation pretty much all day today And if we do get a confirmation back up into the 1200s guys That's going to be in my eyes the continuation of the uptrend here and at that point I'm heavily considering a position in Google the uptrends looking nice. We're maintaining a support But I want to see what we're going to do over these next couple of days I do have cash set aside again. I didn't trade today, right? I want to have cash and if we do end up pumping back up I'm going to be taking a position in Google guys. So Google Facebook Apple those are the three main ones that I'm watching here. We're seeing crude oil You know kind of getting rejected by that 50 simple moving average Today, right? We also got rejected by this resistance at about 6450 So ideally if we break that level tomorrow and crude oil I would love to take a position in UWT which is at about $21 and 20 cents right now It's looking like it's maintaining a higher low from the previous very good sign that we're continuing the uptrend Just need to see that break above the resistance for You know crude oil. So guys those are just a couple this video I want to just mostly focus on Apple right. Let's throw some pot stocks here very quickly, you know, CGC We haven't talked about that one in a while. This one's been roaring, right? It's breaking out of the resistance at $50, you know, this could potentially be a play You know crown is slowly starting to reverse to the upside, right? Just keeping on this 180 SMA break that can be a play as well again This video was mostly for Apple and my plans in terms of that stock So I'm going to end off the video right here guys if you enjoyed the video Feel free to go down below hit that like button subscribe to the channel if you're new and hit that notification bell So you're notified every time that I do make a video if you enjoyed this video again Feel free to drop a comment. Let me know what you thought about it. What do you think about earnings? What do you think about the market right now? I would love to know so I'll catch you guys in the next video I hope you all have a great night. I hope you all did great today. Good luck tomorrow Peace out. Have a good one. I'll catch you all in the next video