 What is up everybody, it's Stas here and in this video, just like always, 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 doing a trading update talking about what I personally did today in the markets as well as some stocks and ETFs that I'm watching and looking to trade right now in the month of November, creeping up to the middle of the month of November in 2019. And as you guys read in the title, yes we're going to be talking about you guys yet again and whether or not I think this is a bottom for the ETN and a couple of other stocks too in particular that I see a lot of potential in right now in the stock market. So stay tuned in a couple of minutes, we'll go over that but before we do get started all I ask from you is if you enjoy the video feel free to go down below, hit that like button, consider subscribing if you do want to see further content from me and if you want to be further connected with the StrifeSmart community, the Discord group chats down below as well as the Facebook group. So with that further ado with about 15 to 17 minutes left in the market, let's talk about what is going on here with the SPX, the 500 largest publicly traded US company. So looking at this 5 day 5 minute guys, what did we do? We hit another all-time high today at $3102, $3102.61. And look at that crazy move that we had this morning guys. We woke up or really opened up rather not woke up. We woke up to the morning to the stock market opening up about a couple of points then we saw that massive rally of 14 points from 3088 where we opened up at up to about $3102 then we started to fall from there pretty much starting a downtrend at that all-time high and if we go back to that 5 day 5 minute, we can actually see that if the S&P holds these levels that's going to be a pretty bullish close on the S&P at this high or low as indicated by this trend line. And that's if it holds this close, this little upswing that we're seeing here in the next 15 minutes which I personally think it should right if it closes like this. That's a very good sign that we could be heading up even further tomorrow right. So going to that let's say 20 day chart we can see you know higher or low on the 50 SMA here which is a very important technical spot that we've been watching on this channel. And of course we're running up here which is a good continuation sign that we may be pushing up tomorrow as well. And of course what am I looking at in terms of the morning you know before trading I'm looking at the futures guys because this can show us where the market is headed based on what the futures are looking like right. If we wake up tomorrow the futures are very green that could be a sign that these markets are going to continue to rally and maybe even hit an all-time high again right. So the S&P that's what it's looking like right now up about three bucks flat on the day really because it did see that dump off but good sign is that we hit an all-time high and we're holding those main moving averages. So let's go to the Dow Jones guys just like the S&P pretty flat but technicals are looking good. Down about 16 points right now down about 0.06% and just like the S&P guys we're holding that 50 SMA which is this green line on the hourly chart at a higher low which is a really good sign for the bulls out there. One sign that's a bit alarming is you know we actually did not hit an all-time high today honestly guys despite that little run up this morning if we look on the one day one chart you can see it one day one minute chart you know we ran up we did not hit an all-time high and this is looking like a potential double top as well. So we're in a predicament right now where this is a bearish move being the double top but the fact that we're holding the 50 SMA at a higher or low that's a bullish move so we really need to see what it ends up doing tomorrow. Let's say we break the double top to the upside hit an all-time high obviously that's very bullish but let's say tomorrow we see a dump off below that 50 SMA especially that's going to be bearish we may be seeing more red if that does end up happening so let's go to the NASDAQ guys up $16 right now this is doing the best out of the three major indexes that we track on this channel up 0.22% and on the hourly chart just like the S&P the Dow Jones guys we are holding that green 50 SMA at a higher or low and we're confirming the bounce there on a nice little close here on the one day one minute that we're seeing if it does end up closing here which again I think it will so this is looking very bullish if we look on the five day five minute you know you can see it as well let's take a look if I draw this trend line out we're holding higher highs higher lows all that good stuff and yes we hit an all-time high today at $8,300 here on the NASDAQ futures at about 11 10 a.m eastern standard time so that's looking really good in my opinion for the bulls out there um you know watch this 180 SMA it seems like it's struggling right now there on this five day five minute chart if it breaks out of there I think it'll hit potentially another all-time high here in these next couple of days so that's really all I have to say right now you know on these markets the Dow watch that double top if it breaks out of there that's bullish the S&P is looking very bullish since it did hit an all-time high again today like I mentioned and the NASDAQ is looking bullish as well but watch that double top on the Dow guys that's actually interesting the way that is forming so pretty much guys that's it for the market analysis let me know down below in the comments what are your thoughts Trump actually spoke today I watched most of the speech I actually couldn't watch the Q&A portion of it and he was talking a lot about the China trade situation saying that there is a deal coming in the near future of course he didn't obviously say you know when he thinks the deal will be done but he did say trade talks are going well he pretty much indicated to that and the markets seem to have all of that priced in already in my opinion which is why we didn't see a massive move to the upside after that so it's interesting to see guys that's obviously something I'm watching closely as that is probably the biggest impacting factor on the market either to the upside or the downside so watch the trade war of course keep an eye on all that good stuff company earnings the way individual stocks are moving that's going to show you and really give you indication on what to do in terms of you know short long what stocks to play and so forth so what did I end up doing today guys the funny thing is I didn't really do much today again just like I did yesterday it's been a pretty slow start you know in my stock market accounts here especially my trading accounts and the truth is I feel like I'm in a lot of swing trades right now this is probably why I didn't really see any day trading opportunities today you know of course you saw in the title you guys did it find a bottom you know I'm kind of waiting to see how that fiddles out before day trading it so I haven't really done anything there haven't really been touching these market ETFs really at all recently so I figured let me take a look at my swings let me focus on my swings and the truth is I'm in Facebook I'm in McDonald's right now I'm in PayPal and I initiated another position today in a swing which we're going to talk about right now and that's actually one of the two stocks I mentioned in the beginning of this video that I see a ton of potential in and it's Chipotle Mexican grill guys and I'm not and I'm trying to remember am I missing any of the swings that I'm currently in right now from this video I forget off the top of my head but I'm definitely in at least four swings right now being McDonald's Chipotle PayPal and Facebook and I might be missing one but yeah definitely four swings and Chipotle is one that I'm seeing looking looking like a very attractive opportunity here on a technical basis right so we hit that all-time high at 860 we had a bunch of trouble at that 858 60 area from the September to the October month right we actually topped there four different times one two three four then ultimately we reported earnings which I have here the earnings were pretty good so they were three dollars and 82 cents of EPS versus three dollars and 22 cents but the revenue was in line with expectations at 1.4 billion and the truth is guys I was looking into it and I'm not too sure why Chipotle stock has fallen aggressively since that earnings report because based on those brief numbers EPS and REV you know revenue didn't beat which is I guess it's not an amazing sign but it came in line with expectations EPS beat so I'm looking at that I'm saying that's a pretty decent earnings report based on the basic metrics and there's probably just something honestly that I'm missing that that did drive this stock down but the fact that it seems like we found a bottom here at about 726 which was an old resistance back in the April to about the June month of 2019 the fact that we held that as a support we're running up here that in my opinion is a very key technical move that we may be pushing higher here and I was reading in the news their carne asada they're expecting to I think hold that on the menu up until 2020 September 2020 if I'm not mistaken that's a pretty good sign right that's a pretty good sign and I actually tried the carne asada I believe it was like a week or two ago and let me tell you guys that stuff is amazing the general steak the regular steak I think it's it's not even comparable to this carne asada stuff so if you haven't tried it out go try it out I definitely recommend it and I was honestly impressed with how good it really was I don't know if it's my specific location whatever it may be but I was really impressed guys so Chipotle um you know it's running up on that news today I believe up 15 points up about 2% but the truth is I ended up getting in on this little dip down to about uh five I think it was like 757 this morning and you guys may be saying you know are not 757 um in the morning at the price of 757 this morning right so I know you guys may be saying oh man you got you got in a bit too late on this but this massive gap up I believe in the way that it's closing here holding 755 as strong as it is you know this is looking extremely bullish in my opinion right very very bullish if we're looking at the five day in five minute chart um alone you know these moving averages they've been resistance levels and again the fact that we're popping out aggressively that's a good sign going to the hourly chart you guys can see a lot of the same you know that 50 SMA was a resistance on this hourly chart now we're breaking out which is why I initiated that first position and of course like I always mentioned on the channel when I'm swinging I'm not buying in all you know 100% of my stake position at once I'm getting in at 10 20 30% whatever it may be depending on the swing and then I'm adding more as the pattern confirms itself so you guys could probably guess it when I want to add more money or what's the sign that uh it's gonna if it happens you know I'm going to add more money well that's going to be if we break this 180 SMA on this hourly chart I think I already uh yeah I already placed a buy order at 785 um a limit uh limit buy here you know if it pops breaks that's where I'm looking to add more money as of right now and honestly the sell target is going to be uh 830 initially then of course after that probably around 860 and another thing I love about Chipotle guys is this stock has been upgraded I believe by a bunch of analysts and analysts in general still have their targets up in the $900 level so overall I just think this is a an overall dip in Chipotle and I'm taking advantage of it um and even on this hourly or this year day chart you can see we held that 180 SMA support that's a very good sign as well so overall this is a dip buy in my personal um opinion so in terms of trading guys that's all I'm doing I'm in Chipotle I'm in PayPal I'm in Facebook I'm in McDonald's and if there's any other that I'm forgetting I'll mention it in tomorrow's video so before we talk about some other stocks let's get into you guys very quickly guys and discuss whether or not I think this is a bottom and the truth is it's extremely difficult to you know uh guess bottoms on individual stocks let alone leveraged ETNs guys so is this the bottom based on some price action I'm seeing right now it's definitely possible it's definitely possible but again it's insanely difficult probably impossible to call the bottom out a lot of the time with these right with these you know ETNs that are leveraged but what I'm saying that's what I'm seeing that's kind of leading me to the conclusion of this being a potential bottom is the fact that we bottomed out at 1530 on the 11th of the month which was yesterday right we bottomed there which is it's not at at this point in time this wasn't like oh my goodness this is the bottom right but that's the bottom for the day right the next day came along which is today we bottomed yet again at 1530 which was that bottom from yesterday that's a sign that we're holding that level as a support a couple of minutes ago right before I filmed this video probably about an hour and a half ago actually we bottomed yet again at 1530 so now in the next four or five minutes until the market close um this thing has to hold above 1530 in my opinion for this to still be considered a bottom and it seems like it's going to close above 1530 so is this the bottom temporarily I think it is right I definitely think it is and what will confirm that theory um that this that this is a bottom well tomorrow guys if we gap up if we do something like this maybe not as extreme up until seven up to 17 bucks but if we break out of these moving average resistances and start to press back up into the 16s low 16s maybe mid 16s that in my opinion is going to be um a breakout at least in the short term here for you guys and really solidifying this 1530 level as a bottom so that's kind of my thoughts on that uh on that you know you guys has been getting crushed you know we're all trying to figure out where it's going to bottom out at and that's kind of all I have to say right 1530 that's just a critical critical level guys you know if we gap below that that's going to be poor um for for the you guys traders out there and at that point we may have to flip our attention to D gas which of course is the inverse to you guys and these both trade on natural gas for those of you guys that don't know right natural gas you know whenever this thing is is going up you guys is going up in price right whenever natural gas is going down D gas is going up in price so on the hourly chart we clearly see natural gas is down trending right you know we're seeing a bearish cross the 50 SMA crossing below the 180 SMA here you know these moving averages they're acting as resistance levels so ideally now a point that I'm looking at in natural gas is 260 and ideally we're going to hold that level and break out of the moving averages that is what the you guys uh you know uh side of the team wants to see right because that will be extremely bullish if we do something like this so overall those are my thoughts right I'm watching natural gas you guys D gas of course like I do every day but I'm not actively trading these until they kind of um wiggle out I'm kind of hoping that you guys um gaps up this week after the report and that's going to offer um a massive move um you know in terms of you guys and of course if natural gas does see that massive pop after the report so a couple of other stocks that I want to talk about um one being Alta guys Alta right here it's kind of in a situation where it's been crushed over the past couple of months from 368 down to 224 it's found this bottom over the past couple of months and now we're finally starting to break out of moving averages so this is a stock that had an earnings report that was EPS of 276 versus 280 expected they missed on EPS right revenue came in at 1.67 billion versus 1.68 billion they missed on revenue and they got uh their guidance lowered so this completely destroyed the stock it lost let's see from 224 uh you know from 368 to 224 that was a loss of about 40% and again you guys can see we've been holding that level for the past couple of months this move happened uh at the end of August and since September guys what's that September October two months two and a half month at this point it's been holding that level and increasing in price so this is looking like it's breaking out you know moving averages the whole nine yards and if we go to the hourly chart you guys can see it even better right we tested that support again um around 230 now we're climbing up to 250 um 243 so what am I looking for in particular before initiating a position here ultimately guys um maybe not 245 actually yeah I need to see a break at least above 245 um before initiating my first position so I'm going to set an alert here on um Ulta probably mark is at or above 250 bucks that's where again I'd probably put 1015 to 20% of my goal position and then as it continues to move up from there I'll add more another thing to keep an eye out for is their upcoming earnings report which is in December on the 5th if they do well guys this thing can maybe not fill the entire gap that's insane right it's not going to go up 40% 20% after hours that's that's insane it could maybe but I doubt it right but let's say they have a good earnings report it could probably go up five six percent maybe seven eight percent ten percent I could definitely see that happening so Ulta's definitely want to keep an eye out for um and if it goes up before earnings you know you build a buffer on your position meaning you're up a couple percentage points and you want to hold through earnings you can make even more money on top of that you know if it goes well and if it goes poorly since you've built that buffer you won't lose as much money or you probably break even or just take a small gain so that's what I'm looking at right now um you know in terms of Ulta stock another stock that I want to talk about is going to be Facebook guys I talked to you all how I'm in Facebook right now as a swing trade and we got some amazing news that Facebook has launched a payment service called Facebook pay that you're going to be able to use alongside of uh or rather you know in the platforms uh Facebook alongside with Instagram and alongside with I believe WhatsApp so that is really really good news that's driving the stock up 2.56 percent today up five bucks you know we bounced at that higher or low as indicated by this trend line and we broke back into the 192s which is a resistance and uh you know back into a new channel that we haven't been in for the past couple of days which now gives me the reason to believe that and honestly I've been believing this but now that we got the technical break this is another uh a good sign is that we might be getting to 205 bucks now on Facebook right so this made me some money on my swing but the bad thing is it took away money from my other swing which I want to talk about now and give a technical breakdown which is PayPal guys so PayPal fell on the news um obviously because this this is going to be a competitor to Facebook pay so PayPal fell from 103 down to about 101 I didn't buy more shares I'm simply holding guys because it's still uh held that overall $100 level that I needed um for it to hold you know for me to hold my shares so the fact that we're doing that now is good and again like I mentioned in yesterday's video I need to see the breakout above these moving averages on the four hour chart before adding more money in my initial sell is going to be around 110 bucks might sell 114 as well then probably sell out of my whole position at 116 that's kind of what I'm thinking right now for PayPal so other stocks guys marijuana stocks I want to end off the video here um with a couple marijuana stocks to watch out for that are reporting earnings one of them being Tilray they're reporting earnings literally right now I believe yep 4 p.m central standard so if we go to the one day one minute it's probably too early to see their reaction yet it's too early um but we'll see what they're doing in terms of earnings um after hours and of course tomorrow morning pre-market I'm sure they'll be going up and down like crazy but overall Tilray it's been crushed guys if you don't remember this stock was once $300 per share which it's insanity right it wasn't 300 am I wrong on that let me just double check yeah it was $300 per share that's just insane right we went from 20 to 300 now we're back to 20 so I'm going to be watching Tilray um this is nothing more than a day trade in my opinion I would never swing trade a stock like this maybe some other marijuana stocks like Cron and CGC I would consider but definitely not Tilray um you know Cron reported earnings today I read briefly into it they missed on earnings um in terms of revenue I forget what they did in EPS but the stock didn't really do much today down 25 cents down about 3.09 percent but ultimately you can see you know Tilray Cron you'll see CGC which is the next one you know these stocks have been killed over the past couple of months right they're losing so much of their value you know CGC is down 50 60 70 percent Cron's down the same Tilray's down like 90 percent 95 percent from its highs you know these stocks are getting crushed so they're reporting earnings CGC is um you know after the bell actually no on the 14th which is in two days so they're actually reporting before the bell 7 30 a.m central standard time um in two days from now which is the 14th of November so really we just kind of need to see a narrative shift on these companies here um you know positive you know earnings outlook into the next year you know over the next couple of months this is something that is going to kind of shift the momentum to the upside for these stocks in my opinion and until that happens guys until we see a massive sharp pop out of these moving averages on the six month chart for all these you know Tilray um Cron CGC until we see that I'm not really looking to play these um I really feel more comfortable putting my money in uh McDonald's let's say for example um a PayPal right a Facebook a CMG these are stocks that I'm seeing um with a lot more value right now as a swing trader right from a swing traders perspective then a CGC a Cron or Tilray or honestly any other marijuana stock at that so I'm going to end off the video here guys if you enjoyed it feel free to go down below hit that like button consider subscribing if you do want to see further content for me and if you want to be further connected with our community the StrafSmart community that discord link is down below as well as the Facebook group and if you want to buy some merch that is linked down below as well so I'll catch you all in the next video thanks again for watching peace out