 Good morning everybody it stops here. Welcome back to another video So in this morning's video, we're gonna quickly take a look at what the stock market futures are looking like We're gonna hop into the Safari tab and then we're gonna be talking about two ETFs And I'm looking to trade today that are really going according to my plan from yesterday's video So without further ado guys, let's talk about what is going on right now with about 32 minutes left To market open. Let me quickly refresh this so we can see where the US stock market futures are right now The S&P 500 is down about four dollars and twenty five cents down about point one five percent The NASDAQ composite down about seventeen dollars and twenty five cents down about point two three percent And the Dow Jones right now is down about thirty four dollars roughly down about You know point one three Percent for those of you guys that were actually paying attention to the futures yesterday and last night We actually saw the S&P down about like 15 points at one point the Dow is down about like 130 The NASDAQ was something down like about 40 50 points They were all down around point five percent and then we've seen the slight climb Through the night up until now, which is a little bit You know pointing to us potentially here opening green and Potentially running and we can see exactly what I'm talking about here on the NASDAQ right we can see yesterday on the 24th The futures opened, you know, I was this yesterday. Yeah, it was yesterday. The futures opened They slowly started to come down here at around 9 p.m. Eastern Standard and then we slowly flat-lined a bit We dipped down to about seventy two ninety in the NASDAQ and from about 5 a.m. Eastern Standard We've slowly been climbing back up higher lows higher highs and now we're pushing all the way up to the seventy three Sixty levels so based on, you know, this reverse to the upside We're kind of seeing a cup, you know a cup pattern forming here This leads me to believe that we could be pushing green here this Morning and really a key thing to be looking for in terms of the NASDAQ and really the entire We'll talk about the S&P very quickly after this is to see whether or not we're gonna break, you know, the 7300 and 75 dollar Resistance here guys because we're trading a slightly below this level if we do end up breaking that level in the NASDAQ We could be pushing green today, you know for the rest You know for the first half of the day maybe for the first hour two hours of the trading day that very well You know could happen here You know in terms of the NASDAQ composite and what I'm watching for the S&P 500 We are we all know this at least for those that watched my video yesterday as I'm watching to see are we gonna maintain the $2,800 level support very critical here as well as the 50 simple moving average support And we can see if we hop back here the S&P's down about five points right now Which is pushing it down a bit below this level. We're probably at around 2795 as of right now So that is a level to keep an eye on if we break this level we could be selling off to the next Support here, which in this case is going to be at around 73 36 we can definitely that definitely fill that gap to the downside in my eyes But if we do end up holding this at the open, let's say we do end up pushing green like I did say You know we could end up breaking this resistance at about 70 or 2815 rather And we could continue to push up and that would honestly be the continuation of the uptrend And we could expect more green if that scenario, you know does end up playing out here So let's talk about two ETFs that I'm looking to trade here And I did talk about these in yesterday's video and we can start off here with gold guys gold I talked about this towards the end of yesterday's video So if you guys were not able to stick through that entire video and you missed that portion of the video I was talking about how gold was looking like it was about to break out We saw the big sell-off from 1350 down to about 1280. That was about a 60 70 points sell-off there in terms of gold And from there we bottomed off. We started to return up We started to you know reverse higher highs higher lows We broke the resistance of the 50 simple moving average here We started to hold it as a support and we saw the big pullback this past week from about 1318 down to about 1304 and this is what I was talking about in the video. We saw we actually maintained the 50 simple moving average at 1304 this support level and it was also a higher low from the previous which tells me that gold future The future is they want to continue this uptrend push Which is really good for J-nug Which is the bull ETF that we trade based on the gold futures and now what do we see guys overnight? We really solidified the bounce here. Well, we did the past couple of days, but overnight We saw the huge push out of the 180s in May and now it's looking like we're about to break out of the 1320 level in terms of the gold futures, which again is a huge huge Bullish move and another thing I'm waiting for here is whether or not we're gonna break or really the 50s in May is gonna Break the 180s in May, which we all know is a bullish move as well So as of now guys gold is looking pretty bullish in my eyes and let's say, you know We do end up breaking the 1320 level I'm gonna be looking to see are we gonna maintain this level as a support to then fill up to the next level Which is going to be at around 1330 here in terms of gold and let me just hop quick to J-nug Which again is a bull ETF that goes up whenever gold is going up and we can see it's up pretty big right now Pre-market hours we saw the big gap up in the consolidation here I definitely think if we open up here somewhere and gold continues to run You know, this could open up a nice entry point and I did talk about in the video yesterday that I do see Possibility in J-nug running up back to 1150 1175 Maybe even back up to 1212 50 I do definitely see that as a possibility as of right now So the second ETF That I'm watching here guys and I talked about this one in yesterday's video as well is D-gas DGA Z and this is an inverse ETF as well It's inverse is UGA Z and they trade based upon Natural gas the natural gas futures and we talked about this horizontal pattern on Natural gas that we broke out of right we've been trading in this horizontal pattern here with support at around 277 resistance at about 290 trading up and down up and down for really the whole month of March up till now and For a little bit towards the end of February and then I was talking to you guys about a couple scenarios here If we were to break out of the resistance here a couple of weeks back when I was saying this really about a week ago That was going to be a bullish move for natural gas if we can look back here And that would be you know a good idea to get into you gas But I also said if we were to sell off test the support and then break that support That was going to be a bearish move in natural gas Thus making D gas a really good play and what did we see guys? Well, we saw exactly that right? We broke the support now Which is opening my eyes to a trade today in D gas This is really really attractive in my eyes because we broke the support and now we're getting rejected by the 50 simple moving Average are continuing to push down this this looks like it's going down guys from a technical basis right now It looks like it's going down and D gas Is going to open up very nicely here and what did I say on yesterday's video? I said the resistance is at about $98 here And if we break out of that into the hundreds this is a very good sign for the ETF in general Let me just get a better view here so we can see you know where we could potentially be headed So a couple of months back. We were actually at 135 for D gas So it's after the whole reverse stock split for those you guys that don't remember that I actually have a video on that. It was a couple months back. Go check it out D gas reverse stock split It's on my channel after that happened You know the stock price obviously went crazy or the ETF price went crazy because that's what happens You know after a reverse split and now we're noticing how we're breaking out of that resistance And we see like I said the levels are around 130 120 where we were you know a couple of months ago So this is very attainable in my eyes, especially if natural gas Continues to sell off that D gas can do well and push up even more But one thing to notice is here the RSI is a bit overbought So if we do end up pulling back a bit, I wouldn't be too surprised That would actually open up a nice entry point if natural gas does end up running back up to let's say 275 back up to this level and hopefully there it gets rejected again And that continues to downtrend that would be the ultimate entry point the best entry in my personal Opinion here. So those are two ETFs. I'm watching this morning guys really natural gas and You know the gold futures, of course, I'm also watching TV IX, which I traded on Friday This is a market ETF that goes up in price whenever the markets are selling off So let's say, you know, we do aggressively sell off this morning Let's say we do break this level here actually Let's take a look at the SPY because this is an ETF that tracks The S&P 500 very closely and we can see the pre-market movement here So let's say, you know, we do see a little bit of resistance under the 180 SMA So let's say, you know, we end up selling off aggressively here We all know TV IX tracks the S&P 500 and we can use the SPY, you know That would be a great great potential move or really a great sign if we do sell off here to play TV IX and TV IX was up 20% this past Friday We can see this move when the market sold off if we sell off aggressively this can happen again Which is why I'm watching this one closely So I hope you guys enjoyed this morning's video if you did feel free to drop a like leave a comment subscribe to the channel If you're new hit that notification bell if you want to be notified every time that I do make a video I do make videos every single day market update trading updates And I try to make morning videos as often as I can so hope you guys enjoyed it I'll catch you guys in the discord chat the links down below 100% free. I'll see you guys in there. Good luck today