 What is going on, everybody? Estes here. Welcome back to another video. So in this video, we're going to be talking about the absolute insanity craziness that happened today that went down today in the stock market, starting off with the S&P 500, the Dow Jones, and the Nasdaq. We're going to be talking about that as well as what did I personally do in terms of my trades? Did I take any trades today? Today's trades and my buying in for some swing trades. My philosophy right now, what I'm thinking, what's going through my head, we're going to be talking about that in today's video as well as just breaking down some stocks, looking at what happened today in terms of individual stocks, large caps, smaller caps, all of that fun stuff. So before we get into the topic, for everybody out there that enjoys these videos, you find value in the content here, you find the videos helpful, feel free to go down below, hit that like button. It really supports me and supports the channel in general, and if you're actually new to the channel, I have two links down below in the description box for you, one of them being the StriveSmart Discord Group and the other one being the StriveSmart Facebook Group. Both of those are great communities, a lot of value in there, they're 100% free of charge, and again, they're linked down below in the description box. So let's talk about what happened today, and oh boy guys, it was probably one of the bloodiest days on Wall Street that I can remember from recent memory, right? I don't know if any single day, I think a single day might have been worse than this, but I'm not sure if a single day was worse than what we saw today back during the October to December time period where we saw that initial correction. I couldn't be wrong, but I think today was actually worse than what we saw in a given day back then. But nonetheless, the SPX, the S&P 500, the 500 largest publicly traded, US companies ended up closing the day down 69 points down 2.4%. Absolutely insane there, guys. The Dow Jones down about 616 points at the close, down about 2.4%, 2.38 to be exact, so right around the same in terms of percentage drop as the S&P 500, but this is where it gets very crazy, guys. The NASDAQ was not down 3%. It was down nearly 4% at 3.65 at the close, down 275 points, nearly 300 points on the day. This is absolutely unbelievable, and you can guess there's a couple of stocks that were actually down a ton today in terms of some tech stocks, and the NASDAQ is a tech-heavy index, which kind of explains why it did much worse than the S&P and the Dow Jones. So why did the market fall very aggressively today, right? For those of you all that watched my video earlier today, I uploaded a video talking about what was going on with China and the trade war and Trump, and just kind of to just summarize that again, and this video, for those of you guys that didn't catch it in the earlier one, well, China, they retaliated with tariffs of their own, so they're putting a 25% tariff on goods that were originally being priced at a 5% to 10% tariff. So this is on $60 billion of goods if I am remembering correctly, and these tariffs go into effect on June 1st. So we talked about last week how maybe China will retaliate. I kind of thought they were going to retaliate. I didn't think they were going to just back down to the US and Trump, and what do you know? Today, they retaliated and the markets took it in a very, very drastic way. So that is the overall rundown. Let's just take a look at some technicals here on the major markets. The S&P, again, down 70 points. Seems like we are holding the 180SMA support here on the 184-hour chart, as well as an old resistance from back in the beginning of, you know, towards the end, actually, of February and 2019 at around 2815. Right around this level is the support we are currently trending at. So tomorrow, for the continuation of the downtrend, which I think could potentially happen, right? If we broke this level here, the 180SMA and the support at around 2815, that's going to be a massive, massive indication to me that we're going down to the next support level, which in this case might honestly be around, you know, I guess you can say 2740. And if we just pull out this drawing tool, we can see exactly what I'm talking about, right? We can see if we sell off there. We may be going back down to about 2740 on the SPX. And if we're just hopping on the five-day-five-minute, what I'm personally seeing here is with the gap down that we saw this morning, that was really just the continuation of this pattern on the five-day-five-minute. We briefly broke out of it on Friday. We got rejected down to a lower low. Everything is looking intact in terms of this pattern. And just take a look on the one-day-one-minute, you know, how terrible of a day this was. We went down the entire day we were trending down. We got some hope for a reversal here. The bullish cross, but we ultimately got pushed down again pretty aggressively where I actually took a little trade on TVIX during this time period. This is one of my bigger trades for the day. And we ended up on a little downswing, right? So that's the SPX. If we're going over here to the Dow Jones Industrial Average, same exact thing on the one-day-one-minute downtrending, we had some hope for a reversal for some upside here, got rejected pretty hard, ended up closing under the moving averages, the 180 and the 50 in terms of the simple moving averages. So going over to the 184-hour chart, we broke the 25,500 level of support very quickly today. We ended up closing at about 25,300, putting us in the middle of this horizontal channel from about $25,000 up to about 25,000. So this 500-point window is where we're trading right now, pretty much dead smack in the middle of it. And for tomorrow, if we sell off more, this is the support we're going to be watching, 25,000 flat. Let's say we start to have some green upside for tomorrow, maybe a little bit of a breather for the markets in terms of this terrible, bloody day we had today. The resistance we're going to be testing is at about 25,500. So not too crazy of a day, psych. It was a crazy day, guys. I almost got you there, but it was a crazy day. It was a crazy day, to say the least. So the NASDAQ, guys, this one has been blowing through support after support after support. We ended up breaking the 7,500 level. We crushed through that. Now it seems like we're testing roughly 7,330 right around this level here. It looks like we're breaking under that. And we may be testing the next one, which is at around 7,300. So this is an area where it can kind of get funky for the NASDAQ, right? Because if we do break, let's say, into the 72s, right, there's not really a support in sight after that until we get back down to the $6,000 level. So these are levels where the NQ, the NASDAQ meets the hold above for this long trajectory, the upwards push that we've been on over the past couple of months for that to continue, right? And to get down here, that's going to be pretty ugly in terms of the NASDAQ. So overall today, guys, we had a pretty, pretty, pretty massive sell-off to say the least, right? So now that we have this big sell-off in the books, what I'm thinking is we may see a little bit of a push-up tomorrow. Am I saying all these losses are going to be gained back tomorrow? I highly doubt that, right? I would not really say that we're going to pop up all the way here tomorrow by any shadow of the doubt, right? But what I do think could happen is we pop up a bit, maybe back up, let's say, 20, 30 points from where we are now, because mind you, we had nearly a 75-point loss in one day. That's crazy to me, right, in the SPX, right? So if we get, you know, $20, $30 of that, if we get it back for a little pump-up here before the continuation of the downtrend, because ultimately, I think the volatility will continue here, you know, I think that's pretty reasonable to think that, right? But also, we might not even get a push-back. Who knows? We might gap down even further tomorrow. We might crack into the $2,700 level. That would be a possibility as well. And if that happens, right, volatility is really going to start to kick in. And the VIX here is the volatility index pretty much, and when this one's flying up high in terms of price, that is when volatility in the markets are turbulent, right? We can see on this day, the 7th of May, take a look at the VIX, guys. It went from literally 15 at the close of the previous session all the way up to nearly 22. That was a 7-point move. And today, we ended up closing on the VIX at nearly $16 this past trading day. And today, we got all the way up to nearly $21.30. So very similar pop-up in terms of the VIX. And it makes sense because take a look at the markets, right? The markets are down like crazy. So just keep an eye on the VIX. Tomorrow, let's say VIX is trending up. Let's say the S&P is selling off. We might have another turbulent, volatile, big sell-off day in stores. So that's what my opinions are. That's what I am looking at. So now, let's hop into the trading update portion of this video. For all you that have been following me for a couple of days, weeks, whatever, you know that I was in a couple of swing trades last week, Procter & Gamble, and for the past couple of weeks at that. So I was in Procter & Gamble, Google, Facebook, took a loss on Google, Facebook, took a little profit on Procter & Gamble, and I told you guys on Friday's video and on Sunday's video that I was heading into the weekend all cash, right? All cash, all cash. And this is something that I'm really happy that I did, right? Because if I held on to Facebook, Google, I would have been heavier in the red right now in these positions, which is one of my reasons as to why I ended up selling out of those positions in the first place. Because I noticed Trump sent that tweet last Sunday. I was thinking to myself, okay, he sent the tweet. The market's becoming a bit volatile. I'm holding Facebook and Google here. I'm not up on the positions really. I'm not down too much. This might be a good time to just sell out of them and maybe get back in after some of this news clears up, right, in terms of the tweet that we got last Sunday. And I made the right decision. Things haven't really cleared up yet, but I'm still in that mindset of waiting to see when things clear up, waiting to see when the market finds a bottom. And once that does happen, right, if it happens in the near term future, there is going to be some opportunities in some of these stocks that have gotten hammered that have a lot of margin of profit to offer in terms of a swing trade, if the markets and if the markets reverse, right. That's kind of, you just like my whole trading thoughts at this point in time. So what did I do today, right, in terms of my trading? So the SPX, again, downtrended. We can see from this point in time down to here, this is a time period where, you know, volatility was pumping, TVIX was slowly uptrending here, right, from about 27, all the way up to around 29. So I initially got into TVIX on this pullback that we saw from nearly 29.30 down to about 27.90. We got the higher low confirmation here from the previous pretty much holding the trend from pre-market hours. We started to push up, making little staircases, little staircases on the 180SMA, pushing up, and I pretty much just took a position at around $28.15. And this is not one that I made a crap ton of return on, but it was, if I show you guys here on the drawing tool, from about $28 to about a $29 exit, right, I ended up getting out roughly under this level of resistance from the previous pump up. You can see roughly here, I made about a 3 to 3.2% in terms of this. And again, these are rough entry-exit points. I don't remember exactly where I ended up getting in, but that's just a rough entry-exit. So this first trade was about 3-4%, then I got back into TVIX because I was watching the markets here as the S&P was starting to make a little run there towards the end of the day. I got back into TVIX here on the big pop above this 50SMA, the little bullish pattern that we saw here, the bullish breakout, ended up getting in at about $28.39, roughly $28.40. And I just wrote it back up to this resistance, grabbing another 2% out of it. So roughly today, about a 4-5% profit day on TVIX, just hopping out of it, in and out of it a couple of different times. And I didn't, to be honest with you, take any new swing positions. I'm mostly in cash. I'm waiting to see when the markets are looking to reverse. Once this trade deal maybe gets done or some news comes out regarding it, that is when the markets might settle down. And that would be a good opportunity, like I said a couple of minutes ago. So that's what I did in terms of my trading today. My philosophy, again, is waiting for swings, waiting for the potential bottom here and just day trading volatility, day in and day out. Because guys, the overall trend of the market right now is heading down and swing trading, a overall downtrending trend, especially in the overall markets, that's pretty dangerous. And that's something that I just don't want to do right now. And I totally feel comfortable just sitting on cash and just waiting, guys. And again, sometimes the best trade is not making any trade whatsoever. So that is what ended up happening today, right? And TVIX is definitely one that I'm going to be watching here day in and day out as volatility does expect to continue, right? So some stocks that I'm just keeping my eyes on, on pending reversals right now are Apple. Apple got crushed so bad today, guys, down 6%, down about $12. This is actually getting back down to a decent value right now. I checked the PE ratio. It's at about 15 right now. In the markets last time I checked, we're at around 20. So just strictly off PE right now, Apple, with this big about 10%, 15% drop, it's getting back to a decent value, right? At this point in time, I guess you can argue that Apple was either fair valued or maybe slightly overvalued in terms of PE. So now, if we continue to fall down to the 170s, this would be very ideal for me, honestly, I would like to start buying some more shares, maybe long, long-term on Apple for the dividend it has, for the dividend growth it's providing. The dividend growth is very, very phenomenal on Apple. And of course, I might even pick up some swing trading shares if they do get that low. So Apple, Google, I don't even have to go over this, guys. I'm sure a lot of you already saw Google. This one's just been getting tanked, right? Google's opening up a pretty decent potential entry point for a long-term play coming up soon, especially if it creeps to the 900s, guys. That would be pretty crazy for a longer-term growth play there. Microsoft ended up taking another 3% hit today right on the 180s, who may support. This could be a pretty decent potential play if it bounces up. But again, if the markets continue to trend down, that's likely not going to happen. And to talk a little bit about some value plays, just to show you guys, in times of turmoil, a lot of these quote-unquote safer stocks, right? More of these blue-chip companies, I guess you can say, like the Cokes, the J&Js, right? The Apples, not really Apple, the McDonald's, right? These are companies that kind of weather the storm in a portfolio in terms of times like this, right? Let's just take a look at some of their performances today, right? The market was extremely bloody. AT&T, literally down 0.5%, down 15 cents on the day. Pretty, pretty good for weathering the storm, right? Coca-Cola, down 14 cents, down 0.3% on the day. Again, pretty good at weathering the storm. Procter and Gamble, literally closed the day up 10 cents, up 0.1%. Pretty good at weathering the storm. Let me think on the top of my head, some other value plays, right? J&J, this one got hit a bit harder, but 1.3%, still pretty decent, right? McDonald's, you know, down 0.5%. So those are just a couple that kind of weather the storm in your portfolio, in the long-term portfolio, they provide cash flow. And sometimes during periods like this, not all the time, right? They're pretty stagnant. They're doing well compared to some other growth plays, right? So that is it for today's video, guys. If you enjoyed it, feel free to go down below, hit that like button, drop a comment. Let me know how you did today. Let me know what your thoughts are. Are we going to continue to go down? I would love to know what you guys think about that. And if you're new to the channel and you're not yet subscribed, hit that red button, that notification bell as well. So you're subscribed to the channel and you're notified every single time that I upload a video. And if you haven't checked out my recent video, my previous video going deeper into depth on China, US, my thoughts on the market, go check it out. It'll be carded up, linked up right here. You'll be able to see it. I'll catch you all in the next video. Thanks again for watching. Peace out.