 What is going on everybody is Stas here welcome back to another video so in today's 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 taking a look at Neo stock in specific ticker symbol NiO as well as some other stocks and ETFs that I'm personally watching right now and looking to trade in the month of July in 2019 so if you enjoy this video guys if you do find value in this content Feel free to go down below and hit that like button and consider subscribing to the channel and joining our two free Communities that are linked down below one of them being the Strive smart discord group chat and the Strive smart Facebook group And all of those are linked again down below in the description box So with that further ado guys, let's just get right into it right now The markets just closed two minutes and 30 seconds ago the S&P 500 ended up closing down $19 and 62 cents today down point six five percent a sizable pullback in the S&P The Dow Jones ended up dropping point four two percent here down a hundred and fifteen dollars and sixty-four cents and the Nasdaq down 33 points here at the close roughly down about point four five Percent so it seems like the pullback that started yesterday in the markets has continued Into today and actually really accelerated into today because if you guys watched Yesterday's market update video and you were in tuned with the markets yesterday They didn't drop as much as they did today the S&P yesterday if I'm correct I don't know if I'm exactly correct on this But it was down about like point two point three percent and obviously it was down double that today The Dow Jones was down something like You know point one point two percent and it's down double that right now and the Nasdaq yesterday was down about point three five percent I believe point, you know four percent something like that and you guys can see it tanking even harder right now I'm actually interested to see is that because of Netflix's earnings. Yes. It was oh my goodness guys Take a look at that Netflix is actually just reporting earnings right now We'll take a look at that in a couple of minutes here But you can see the weight that the Nasdaq or rather Yeah, the the weight that next Netflix stock has on the Nasdaq it drops so heavily and the Nasdaq futures are Dropping right now as we speak right so let's break down some technicals here before we do take a look at some stocks And Neo and some ETFs and a couple of minutes here So the S&P, you know yesterday we were talking about this 20-day one-hour chart We were talking about this 50 S&A resistance It broke that level or rather that 50 S&A level of support It broke that level of support today guys you can see we closed above it yesterday giving me hope okay We're above three thousand dollars if we hold above this level above the 50 S&A as well We might pop from here right but the bad thing is guys today. We broke that critical $3,000 level we broke that 50 S&A and you can clearly see we're trending back in the $2,900 level and we actually broke another critical support which is at about 29 95 we're actually about 10 points below that right now so going over here to the 10-day 30 This is actually a critical spot. We broke as well We broke that 180 S&A on the 10-day or actually this is not 30-minute chart is it? This is the 10-day 30-minute chart We're slowly breaking it on the 10-day 30-minute chart this 180 S&A which is actually another spot Hey, maybe we can hold above it tomorrow a spot that I'm looking at You know potentially bouncing above or you know if we continue to sell off from here This one could be dropping down to about 2975 Which is the next clear support that we see from the third to about the ninth of The July month here. So going back to let's say the 90-day 2 hour Let's see a bunch of different time frames. You can see it even better here guys, right? We broke 3,000 2995 now we're fiddling with about 2985 with the next spot being at about 2975 that next support level which is very crucial at this point for us to hold above So overall guys the markets right now and specific the S&P 500 It's seeing a sell-off that is much needed, right? The markets were very overheated very overbought in terms of the RSI We were hitting all-time highs after all-time highs after all-time highs. We hit 3,017 guys It was coming to a point that it just needed to cool off and now you know all those levels We talked about those are levels to keep an eye on for potential supports And if we're looking at this 184 hour chart very quickly, you guys can see how relevant that 2975 level is not only is that a support It's also right on top of that 50 simple moving average support as well That has been a support over the past couple of weeks here as the markets have been rallying So that is a critical spot guys if we actually break below that and get back into the low 2900s at that point, you know, we may be going back to 2950 maybe 2915 these next support lines that I do have down here and this is why I always have these lines drawn out guys I'm making it easier on myself, right? I'm making it easier to see where the next support levels are as we break, you know previous ones, right? We broke let's say we break this one I already know which was the next one to watch out for because I already have it drawn out And I think that's very nice It's a very nice way to keep things in track and I just like it for just knowing when the next spot of support is and for Organization purposes, right? So that's the SPX there. We'll go to the Dow right now very quickly Let's take a look again very overbought, right? It was very overbought in terms of the RSI Very overextended here as you guys can see we didn't really have a pullback for a couple of days ever since we broke Out of that wedge. We had about one two three We had about three four days of straight green, right all time high after all time high after all time high And it seems like we found the plateau at about 27 400 We had one two days of consolidation there and instead of popping up to continue the run It seems like now we are curling down. We are dumping. We are starting to officially pull back here So a couple of levels on the Dow that I'm looking at for potential support are going to be old resistances here at about 26,900 to about 26,950 to about $27,000 right this broad area right here. It was an older resistance We broke above it now I expect to hold above that level if the markets and in specific the Dow Jones here is going to continue are going To continue, you know the uptrends that they've been on right in specific the Dow So if we do end up holding this on the pullback, where is that putting us guys? That's also putting us on top of the 180 or rather the 50 simple moving average the green line here the 50s Support so it seems like now the Dow wants to pull back to that level if we see another gap down tomorrow I would say it's definitely pulling down to that 50s and a and from there We're going to see are we going to hold that level at that point The RSI is going to be pulled down to a healthy spot Are we going to hold that level and continue the uptrend or if we break that level guys and we start to break back into? Let's say 26,600 26,500 there could be more selling from a technical perspective there on the Dow Jones industrial average So going back over here to the NQ guys and this fires me up whenever moves like this happen It is still dropping take a look at that point six four percent right here down $51 oh my goodness here guys you can see now we're fighting that trend line We're still trending above it technically the pattern is still intact because we still are at a higher low right now But we are starting to dip into it, right? So if we break below 7,700 and I know that is about 150 to 200 points off more like 150 off from where we are right now if we break that support and start to go to that 180 SMA That is going to be a break of that trend that we are seeing here of that uptrend That we've been on over the past couple of weeks pretty much since the beginning of June, right? So keep an eye if that does end up breaking that's going to be a pretty key You know technical break there from a bearish perspective and if we're looking at the 20 day one hour We're already starting to break it even closer there, right as you guys can see as well as that 180 SMA support We're breaking below that so that is quite Alarming here in my opinion and you guys can see tech has actually been doing pretty bad over the past day today in general Tech didn't do so well Apple down $1.15 Amazon down 17 bucks Facebook down $2 Google down $7 Microsoft down about a dollar and Netflix you guys can see how much it dumped as we saw in the beginning of this video And let's just take a look now very quickly, you know Netflix is at $323 per share think about how much of a weight This is going to have on the Nasdaq tomorrow This could affect all of tech and all of really just the Nasdaq tomorrow in tomorrow's trading sessions So this changes my perspective in for tomorrow's session just from the really the reaction that I've seen in Netflix's stock and the Nasdaq futures literally from the past ten minutes and we'll talk about that here in a couple of minutes So overall guys that is what the market's looking like right now We're pulling back healthy pullbacks, but the Nasdaq and the weight Netflix is flying down right now And if it holds and opens at this level, you know, I think we could see some red You know bleeding into tomorrow as well at this point So I'm really interested to see you know how all of this does end up playing out and normally right now I would be doing a trading update, but to be completely honest with you guys. I actually didn't trade today I didn't really see any opportunities and I'm interested in potentially hopping into some swing trades here If these markets find a bottom and the key word here is if they find a bottom Here in the next couple of days on the pullbacks that they've been on and I figured sitting on that cash is a bit Smarter right now and to see if the markets find a bottom to get in on some of these You know better entry points on some of these marketing TFs Maybe some of these larger cap stocks that we'll talk about in a minute here So that is really just the update, you know for today. Let me know down below in the comment section What do you guys think about the markets Netflix? I'm sure once you watch this video You'll know what the earnings are and all that kind of stuff. I don't know what the earnings are quite yet So because honestly, they probably haven't even reported they or rather they did report it because of the reaction that we are seeing here But I didn't get to look too deep into them So I would love to know what you guys have to think about that. So let's talk about Neo stock now guys neo stock and I owe and then we'll do rapid fire through the other stocks and ETFs that I have in my piece of paper here, so Neo stock Really the basics of Neo or the basis of Neo right now that I want to talk about is the break out of these moving average Resistances that we are seeing on the longer time frame chart here Which is the 184 hour and notice we all know at this point Neo has been one of the most speculative stocks out there very volatile is very turbulent, right? This stock was ten dollars and sixty four cents a couple of months ago And to make a long story short Neo has faced a lot of problems executives have been leaving Slumping sales, you know their guidance a lot of the stuff has just been very very negative regarding Neo and we can see the stocks take has been taken a hit since then it's literally cut five times It's value pretty much we can see the 50 SMA the green line and the 180 SMA the yellow line both of these levels have been acting as Resistances right and now we're noticing how those levels. They're not acting as resistances anymore guys We're breaking out of the 180 SMA the 50 SMA seems like we pulled down and then we held this 50 SMA as a support here We popped above it and now I want to see whether or not Neo was going to break and start to retest that $4 level that we were at on the 10th of July just one week ago guys We can see since then it's kind of been cooling off making lower You know lower highs and such right you guys can kind of see that and if I make a bit of a Clear distinction here with these trend lines, you know, you can see what what pattern it's kind of been on Right, let me take a look and show you guys here. Take a look at that You know kind of like a little, you know downwards channel here And I'm thinking if we break out right that's going to be a bounce on the 50 SMA That's solidifying the bounce there and that's also a very bullish move because we're breaking out of the resistance of a Downwards trending channel and from there. I think a move from 350 ish Maybe 355 up to $4. That's a very viable and possible move right there of about 10 12% And of course since Neo is battered down so much, you know, it could double twofold from here Who knows right it can run back up to $6 $7 and I'm honestly already invested in Neo It's a very speculative position for me and I'm down quite a bit But I still have a feeling that in the long term if they execute obviously, they're not profitable They're extremely speculative they can go out of business But long term, you know the goal on one of these risky speculative investments is to 5x 10x your investment Right, maybe if this company, you know turns into a Tesla in terms of its market cap And right now they're market caps like two three billion one billion I haven't checked in a while, but it's right around that area and Tesla's market caps like a 30 40 50 billion You know if a Neo becomes a Tesla, I know it's very very hard But let's say, you know, it plays out that way. That's like a 10x guys and imagine if you put 500 bucks you 10x that That's $5,000 right. That's a pretty pretty amazing return and some positive things right now about Neo Let me just pull up my notes here because I do have Some notes written about this and I'm being blown up right now by Robin Hood. This is funny by Robin Hood Notifications about Netflix. We'll talk about that in a second But some positive things are that Neo delivered a total of 3553 vehicles in the second quarter of 2019 Although that was a bit lower from the previous quarter It was actually a 21% decline from the previous quarter But the good thing is that they beat the analyst expectations on that right and you guys can see You know, they are releasing some new vehicles here The all-new ES6 SUV is something to keep an eye out for and again a negative is of course the slumping sales executives leaving and Competition with Tesla and some of these other big names that are actually teaming up right now I'm not sure if you guys saw but Ford and VW they're teaming up right now for the electric vehicle space So there's a lot of new players coming in but Neo. It's on the beginning of Of a breakout it's showing some confirmations of the start of a breakout So now we just want to see if it follows through with it, right? So that is Neo right now and let's take a look very quickly at Some other stocks that I'm personally watching and one in particular that a subscriber shout it out We'll talk about that one right now and that one is none other than Domino's pizza guys some good old domino's cheesy pizza with some pepperoni, right? That is what we all like ticker symbol D B or DP Z rather DP Z So let me just pull out, you know the support resistance tool very quickly you guys can see DP Z actually reported earnings Yesterday earnings came in at 219 versus 2.04 so that's a very good beat in earnings I don't know what their guidance is looking like I don't know if they did in terms of revenue, but initially earnings look very very solid and you guys can see the stocks Reacting quite well today up about 2.6 percent up about six dollars and fifty cents I'm honestly really liking this from initially seeing it right here because again I like trading stocks after earnings So we see their earnings in terms of VPS was quite positive the stocks reacting positive This gives me some more faith in investing or rather trading DP Z here Then if DP Z didn't report earnings and we didn't really know what they were doing right So that's why I like to wait until after earnings to get some Confirmation and some more market sentiment of how the price is reacting to that earnings report So you guys can see on the 184 hour. Let's go to the one-year one day actually You guys can see we're clearly holding a support that has been a support from the past couple of months You guys can see 240 to 245 this general level DP Z has held above that level and ever since we've dropped Well, we've held above that level and even after the earnings report So I think that's a good solidifying sign that this is another hold above that Support right you know with the technical analysis and technical data that we do have right now But the one thing that I do want to see now if we go back to that 184 hour You know one thing I do want to see now is for it to continue its push I want to see it get out of 252 of this resistance right here actually from you know A couple months you go back in January if we get out of this level and it was actually also a resistance back in You know April you know if we get out of this and hold it as a new support And we start to pop up and break that EMA line this light blue line that you do see here I'm really liking DPZ at that point And I'm already liking the early signs that it's showing, but I just want to see a hold on 252 253 and tomorrow guys You know if we do consolidate and then slowly start to pop from that level, you know I think this could be a very beautiful entry point on DPZ. Just take a look at the RSI here guys It's looking very nice It seems like it's found its bottom. It's cracking up above that you know oversold spot at 30. It's at 35 That's a very good, you know healthy RSI right there. So overall, I like DPZ Just hopefully it holds 253 255 ish that could be a good entry point. So visa is another one That is an earnings play in my opinion, you know, this one is reporting earnings tomorrow. I believe or not tomorrow It's actually on the 23rd of July and at this point, you know V is at all-time highs, right? That's no you really can't deny that you can clearly see V's just been killing it, right? We hit 181 recently now We're pulling back and we're looking like it or you know We're about to touch and retest that 50 SMA and this is a spot that if we bounce and hold above that level You know, we could be fighting for another all-time high at that point And the interesting thing here guys is again, we are reporting earnings here So how is the you know, how are the earnings for V for visa going to affect the stock? Is it going to you know pump the stock up to all-time highs again? Which would be ideal here guys because I'll show you a scenario here in a couple of seconds Or is it going to maybe drop visa below the 50 SMA which would be a technical break Maybe below the 180 SMA. Who knows guys, right? But let's say their earnings are good Let me show you a potential setup that could be forming here. Just take a look So let's say we consolidate here for a couple more days at 178 Maybe we sell off to 177 and slowly consolidate on that 50 SMA Bring that R side down a bit to maybe 35 30, you know into that earnings report That would open up an interesting scenario because if the stock reacts positively to the earnings Let's say the earnings are healthy. They're really good You know, we can be setting up for a nice dip buy back up to 181 at about 177 176 right and let me show you guys 177, you know if we get down there Up to 181 182 that's about a 3% margin of profit. That's pretty pretty good Let's say you're trading with a thousand bucks. That's 30 bucks Let's say you're trading with 10,000 bucks. That is 300 bucks and so forth, right? So that is visa keep an eye out for it earnings are coming out on the 23rd and Netflix guys Let's just take a look at this one because this is some live action right now that I really do like seeing and oh my goodness guys You know, I saw a Robinhood update a couple of seconds ago and briefly it says, you know, Netflix What did it say it said Netflix announced quarterly earnings of 60 cents per share beating expectations by 7% yet the stock dives like that. That's crazy, right? That just goes to show that sometimes guys even if initially the earnings look good, you know The stock it's still fall right the stock really does whatever it's Whatever it wants at the end of the day Regardless of whether the earnings were good bad mediocre decent. Okay, like it's just crazy, right? It does whatever it wants. So this could be an interesting setup tomorrow on the general support here, you know Is 340 and guys don't just think that Netflix is going to open up at 322 a lot of the times these stocks swing heavily Especially once they announce earnings and then once the conference call starts, you know when the CEO is talking Whoever talks in the conference call the CFO, you know, sometimes things they say, you know People are listening and that swings the stock as well So don't be surprised if this, you know swings all the way back up for all we know, right? Don't be surprised if it swings back up to 350 and let's say it swings back up to 350, you know At that point 340 would be a support. I'm watching and if we actually hold 340 this could be an interesting play Maybe midway up the gap, you know, I don't know if it's going to fill all the way back up But it could be a decent play in between 340 and 380 so Netflix Definitely interested to see how that one plays out here and you guys can already see if we go to that one day one minute Seems like it's already finding its bottom here So keep an eye if it does end up spiking back up here You know in the aftermarket session before tomorrow's trading hours even open So that would be interested to see or interesting to see there and very quickly guys some other ones that did very well today Because I already know this video is going a bit too long here But any of some of the other ones are gold gold has been on an absolute tear today. It was up $15 Jnug has been doing extremely extremely well. It was up 13% today. So good job to anybody that was able to trade Jnug I didn't play it, but if you did play it, let me know down below in the comments section I would love to know I'm watching this one because gold has been super super hot as always, you know SPXS and SQQQQ these are two market ETFs that trade based upon the S&P 500 and the NASDAQ and This one in particular SPXS this one trades based upon the S&P 500 whenever the S&P 500 is going Down like it did today this ETF SPXS goes up in price. So if we continue this sell-off I'm watching this again as trades strictly on the S&P 500 and one that trades strictly on the NASDAQ is SQQQ which goes up whenever the NASDAQ is selling off So if these markets sell off these are going to be my to go to ETFs to profit on That downside right and some other ones that I'm watching very quickly our crude oil crude oil seems like it is slipping below That $57 level guys, which is pretty bearish in my opinion So if we go to that 184 hour you guys can see what I'm talking about we slip below 57 very bearish now We're playing with that 180 SMA This is either going to be a support guys where we bounce and then play UWT Which goes up whenever crude oil is going up or this is going to break We're going to maybe fill the gap down at $53 $54 and at that point DWT ticker symbol DWP or T rather DWT will be the play which goes up whenever crude oil is selling off So those are just a couple of stocks and ETFs that I'm watching guys And I'm going to wrap up the video right here for today So if you enjoy the video feel free to go down below and hit that like button It really supports me and supports the channel in general feel free to subscribe to the channel if you haven't done so already Hit that notification bell so you're notified every single time that I do make a video If you want to be more connected with me with the Strive smart community All those links are down below the discord chat the Facebook group the my Instagram the Strive smart Instagram all That stuff is linked down below. So I'll catch you all in the next video. Thanks again for watching I appreciate every single one of you guys. Oh and go check out my M1 finance review video that I just made and uploaded earlier today If you guys were ever interested in having a full-depth unbiased review on M1 finance, it's linked down below Go check it out. You'll probably see it up here. You know as a clickable video. Go check it out I'll promise you'll like it. I'll put a lot of work into that. I'll check I'll catch you all in the next video. Thanks again for watching. Peace out