 What is up everybody, it's Stas here and in this 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 doing a trading update talking about what I 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 December of 2019. And as you guys read in the title, we're also going to be breaking down the natural gas report, how you guys did today, how D gas did and obviously how natural gas did in terms of a technical perspective. And I'm going to be giving you all my point of view on the overall market here and whether or not I think there's more upside. So all I ask from you is if you enjoy the video, hit that like button, consider subscribing if you want to see further content from me and the StrafSmart Discord group chat as well as the StrafSmart Facebook group. Those are linked down below if you want to be further connected with our community. So right now there are about 22 minutes left in the market here and the S&P is currently up $6.03, up 0.19%. And on this one hour chart we can see here, we hit $31.50, we had those couple of days of selling, the correction that we've been talking about. And since then we've bottomed out at $30.75, we've broken above the 180 S&P held it as a support yesterday. And today guys, despite the fact that we pulled down in the morning, right, you can see that on the daily chart, we actually held that, what was it, the 180 S&P yet again. And now we're closing it seems like we're looking to close here in 20 minutes on a very bullish push. And you guys can see it here, we pulled down again, like I said, from there it seems like we held the 180 S&P on the hourly chart. Now we're looking to gap up and potentially break the resistance from yesterday's session and from the beginning of today's session, which is at around $31.20. So I think if we break this level, and especially if we gap above it tomorrow from a technical perspective, that's extremely bullish on the S&P 500. And ultimately guys, I think if we break above that 50 S&P here on the hourly chart, that is another bullish thing that I'm watching out for as well for this S&P 500. So it seems like the bulls are taking charge yet again, you know, this four hour chart looks very bullish in my personal opinion. And again, that 31.20 level of resistance is quite critical as well for this index. The Dow Jones right now up 46 points guys up 0.17%. We talked about how throughout that period of correction, those two, three days that we sold off, the Dow went from 28.170 down to about 27.3, which just happens to be an old all time high from a couple of weeks ago. And the fact that we held that as a new support we gapped up. Now it seems like we're fighting with that EMA trying to break above it. That is a good sign here for the bulls. But unlike the S&P guys, you can see we're still trending below these moving averages. So for the Dow to be in a full on uptrend and for it to really try to test those all time highs again, I'd need to see it at least break above 27.800 probably into the 27.900 level for that technical break there. And looking at this hourly chart, you guys can see this is looking like it's closing quite bullishly. There goes that bullishly word again. Like I mentioned a couple of videos ago, is that even a word bullishly? I doubt it. But we'll run with it for this video again. This is looking good because this is a higher low from the previous low. But again in those longer term time frames on those longer term time frames and honestly on this time frame as well, we need to see a break above 27.7 and a break above those moving averages, which I think we could get here, especially if we gap up in the morning again, keep an eye on those futures tomorrow morning. Super important. So the NASDAQ ran out guys doing the best in terms of a percentage basis out of the three major indexes up almost a quarter of a percent here up $19.75. And on this hourly chart, this is looking quite bullish. And let me quickly clear this drawing set because I know there's a lot of mumbo jumbo there. Now we can see it a bit clearer, right? We pulled down, we saw the correction, found the bottom. And since then we've been making the higher high, higher low pattern. And today's pull down got us to hold that 50 SMA again at a higher low. And now we're looking to test the resistance which is at around $83.40. So I think if we break that level, break the 180 SMA, that's obviously going to be a higher high, the continuation of the uptrend. And from there, we may see further upside for the NASDAQ. And who knows guys, we may be testing those all time highs from that point in time. So in terms of the three major indexes, guys, that is what I'm looking at. And the NASDAQ, in my opinion, it's probably the most bullish, but either way, the S&P, the NASDAQ, all of these had a decent day-to-day, a recovery day-to-day. And I'd be interested to see if this does move into tomorrow's session. And again, I'm looking at large caps pre-market. And of course, what those futures are doing. So let's talk about what I did today in terms of my trading. And let me know down below in the comments what you did for your trading, as well as your thoughts on these markets right now. And the truth is guys, and like I've been mentioning over these past couple of days, I've been cautious. And today was one of those days where I was cautious. The markets were kind of rocky back and forth. Again, we saw that big dump this morning. So I really didn't pull the trigger on any trades today, any new trades. You guys know I'm in Tesla. I bought a couple of days ago. We dumped pretty aggressively this morning. I didn't jump out of the position yet. I'm in at around 333 or 332, something like that. So I'm not really down much on the position. I'm still in it again, because it seems like we're holding this level 328 quite nicely. Maybe we bounce back up tomorrow. This close that we're seeing is giving me hope for that. But again, if we dump below 328 tomorrow, hey, I'm not going to complain because I'm only in with a small amount of my goal position and I'm okay with losing a little bit of that 10-20% position that I've built here on Tesla. And I'd only be down about 2% probably worst case scenario if we were to dump here and break that level tomorrow. So Tesla, I'm simply holding onto these shares right now. Yesterday we talked about Shopify and Square. I was looking to take a position in those. They didn't really set up today, right? Square didn't really do what I wanted it to do. It's really at a point where this could go either way, which is kind of nerve-wracking for me and leading me not to take a position, right? Because you can see on this hourly chart, this thing could either break out here, which would be a good sign, or it could dump. It's really in a point where it's right around those moving averages. It's kind of tricky. Almost in a wedge. Let's see. It's kind of in a wedge here. You guys can see it, right? So I'd rather wait it out and see what it does, which direction it picks. And then from there, I'll make my decision. Shopify is another one that kind of consolidated at 370. Now we're starting to dump. So I'm not looking to enter quite yet. If we get down to about 350, that's where I'm looking to get in on the 50 SMA bounce. That's pretty attractive in my eyes. So really all the stocks, a lot of them at least, that I was watching today didn't open up an opportunity for me personally. So I didn't end up trading. That's the truth, right? You guys had a bit of a run. I didn't catch it. I did watch the natural gas report, or rather watch how the ETNs reacted to the natural gas report, but I didn't take a position. And that's really all I ended up doing in terms of my trading today. Let me know down below what you guys ended up doing. So taking a look at the natural gas futures here, this is ticker symbol slash NGF 20, the January contracts. We can see they're currently up two cents right now up almost 1% on the day. And if we zoom in a bit, let's say to the hourly chart, we can see that overall these futures contracts, they've been rallying, right? These futures have been rallying from the low of 222 or rather 227 to about 230 up to where we are right now at about $2.42. That's a percentage push of about 5, I'd say 4, more like 5 to 6%, right, which is pretty, pretty good. But we're still trending below the moving averages despite the report that we got today and despite this green day that we did end up getting so far in today's session. And obviously, that is not too good of a sign from a bold perspective. As long as natural gas is trending below these moving averages, the bears are in charge. So what am I looking for? Like I mentioned in yesterday's video, to go along natural gas, to go along you guys in particular, I need to see this pop, right? Like I showed you guys in yesterday's video, you can see the arrow I made there. That is what we need to see. And again, we did not quite get that. So what was this report today? What was it entailing in terms of billion cubic feet, in terms of the inventory right now of natural gas? And before we even get into the numbers, let me show you or let me tell you rather where you can find this report. It's at ir.eia.gov. As you guys can see at the top here, or you can simply go to Google, type in natural gas report, and it's going to be the first two links, one of the first two links, click that and you'll be able to see this. So right off the bat, guys, we can see a net change of 19 billion cubic feet. So we saw a withdrawal of natural gas of 19 billion cubic feet. And like I mentioned in yesterday's video, and like I've been mentioning, weather around the country right now is mild. And we'll talk about some weather here in the next couple of minutes. It seems like it's going to remain mild here over the next couple of days before we start to get some colder weather in about a week or two, but we'll get into that in a second here. But as of now, we saw a 19 BCF withdrawal. Last week, we saw what was it like a 29 BCF withdrawal. So we used a bit less of natural gas than we used last week, right? And we can see here, based on the different regions in the east, we had a three BCF withdrawal, Midwest 12 BCF withdrawal, mountain four BCF withdrawal, Pacific seven BCF withdrawal, south central, we actually had an injection of eight BCF, salt 13 BCF injection, non salt of five BCF withdrawal, giving us that total of again 19 BCF. And I mentioned in yesterday's video for my research, a bunch of analysts were expecting a roughly a 35 to a 40 BCF withdrawal. So based on this, that's a bit of a neutral, I guess you can say a more of a bearish report, if anything, right? And again, that's mostly due to the mild weather that we've been seeing. And obviously, like we saw in the price action of natural gas, it all makes sense, right? Mild weather, the demand hasn't been so crazy for natural gas production. There's a lot of it at this point, which is why we've been seeing the decline in the price. And most of the time, it makes sense. So let's talk about some weather here that could affect the prices of natural gas and these inventory reports over the next couple of weeks. So before we get into that, I wanted to let you guys know about a little promotion that Webull is currently running where if you sign up using my link down below, you get two free stocks valued up to $1,400 if you deposit $100 into the account. And it is a referral link. I get, I think, one or two free stocks as well out of it. And at the end of the day, who doesn't like free money, right? And out of the three new age brokerages, I guess you can call them, this is my favorite one from a pure trading perspective. Like I've mentioned before, M1 Finance, I love for investing. Robinhood, I love for short term trading as well, but it didn't really have a chart that I really liked in terms of a charting platform. But Webull on the flip side has everything in one. You have your charting software here, watch lists, you can see the individual markets, hot stocks, trends, hot ETFs, whatever it may be, you can screen for stocks, you can trade right on the platform itself, and you can also paper trade. You guys can see right now I'm in Neo stock on a nice little paper trade up 180 bucks. So you can do a bunch of different things on Webull. Again, from a trader's perspective, I think this is the best if you're looking to day trade, swing trade out of the new brokerages. And again, that link is down below. Two free stocks once you deposit $100 and let's get on with the video. So as you guys can see here, the next few days between the December 5th date and the 11th, the central and southern U.S. will be mild to warm the next few days with highs of 50s to 70s. It remains cool across the northeast for locally strong demand with lows of 20s and 30s. National demand will be quite light this weekend into early next week as warm high pressure strengthens across the southern and eastern U.S. with warmer than normal conditions as highs reach the 50s to 70s. However, very cold air will be pushing into the North Plains at the same time with lows of negative 10s to 20s, then spreading across the Midwest and East mid next week. Overall moderate national demand through Saturday, light Sunday to Tuesday, then high Wednesday to Thursday. Like I said guys that cold front is expected to come here within the next 7 to 10 days based on what we're seeing here. So that is quite interesting and that leaves me to believe that in the short term, sure, right? We may have some more downside in D gas, but as these are rather a natural gas and more upside in D gas, but as we start to get more demand, hopefully from these weather, you know, the weather models that we're seeing here in terms of a lot of cold weather coming, we might start to see that breakout that we were talking about a couple of minutes ago, which would be what we're seeing here indicated by the arrow, a break above that 180 SMA and ultimately a reversal in the overall trend of natural gas. So in terms of natural gas, that's kind of what I'm thinking. Short term, we may have a bit more downside. I'm talking within the next week. Who knows, right? But ultimately, I think and like I've been saying over the past couple of weeks, I think we'll see a reversal ultimately eventually, right? We'll see it eventually, I think, but we just have to wait when it's going to happen, wait for when it's going to happen. And again, that technical break will be this move to the upside. So you guys, D gas guys, we don't really have to talk about those too much because, you know, it all moves based on natural gas. So that's what I personally like to focus on, the trend of natural gas, then looking at you guys and D gas. But you can see if we're looking at it on a technical basis very quickly, you know, D gas is still uptrending, holding that 180 SMA. If we get that dump on natural gas and we break above 150 on D gas, that could be the trigger to buy here in the short term. Maybe you guys guys, again, if we break that 180 SMA on natural gas, this will end up breaking the 180 SMA as well, most likely. And a buy would be anything above $12 in my personal opinion. So let's talk about some other stocks very quickly that I'm personally watching right now that I want to share with you all just in case you find value in them as well. So to talk about some other stocks guys at V is one that I'm watching here ticker symbol ATV. I am really liking the pattern that we're seeing here. Overall today, we're up 2% on ATV, which is pretty impressive, right? Hell to high or low on top of that 180 SMA today. Now, all I'm seeing or rather all I'm waiting for is to see a break above 55 bucks. If I see that break tomorrow, I think I could ride this thing up to 56 bucks or rather not 55 bucks because it's already in the 55 range a break above this resistance, which I guess you can say is at around 52 20. And from there, a break above or rather a break to 56 bucks, that's where I'm looking to potentially short term traded for about 1.5%. But ultimately, the overall trend here, which is what I'm looking at, you know, from a longer term swing perspective, there's a lot of potential from 56 57 bucks up to around 62 bucks about 12% potential for profit to be exact on that one. So another one I'm watching is Chipotle Mexican grill ticker symbol CMG. If we zoom in a bit here, you guys can see similar situation to ATV where it's on an uptrend, right? But it's at a point of resistance here where we dropped yesterday at around a 20 and a couple of days ago, roughly at about 825. So what I'd like to see here is ultimately a break above 825, you guessed it guys, and a test at 835. And if we zoom out to the four hour chart, you guys can see what happened last time we broke 835. Well, it actually happened multiple times. We ran up to 860 855 860. It's done that multiple times. So anywhere from 825 up guys, that's where I'm looking to really enter into Chipotle Mexican grill for a longer swing, I see a bunch of potential there. Neo stock ended up taking a little dump, rather a pretty decent dump. But for Neo really 6%, I feel like it's nothing, right? But for a regular blue chip stock, a 6% drop would be insane. But with this drop, we actually broke 240 that level of support that I was hoping we would hold, we broke it, right? So now it's another level of resistance that we're facing. But we're holding a higher low on top of this 180 SMA today, which gives me hope that overall the trend is still an uptrend based on the past two, three weeks here of price action. So for tomorrow, I'd love to see it hold obviously 225, which it seems like it's already doing. And ultimately for it to break the EMA line, and for it to, you know, probably test 240 again, but I'm not sure if we'll get that tomorrow, we might get it. But hey, that's what I'm looking out for. And from there again, ultimately, I'd love to enter a position and sell out at about 270. That's the goal exit point, in my opinion. So if it does hold that level, I'll most likely get into Neo ticker symbol, NiO. So another one is going to be square guys, we already kind of talked about this one, I'm looking to see where it breaks in terms of this wedge, which side does it pick. If it breaks up guys, that's going to be a buy signal, that's going to be a bull signal, and I'll buy at that point in time. Shopify is another one, I hope it pulls down to that 50 SMA, 350 is a good entry point, in my personal opinion. I also want to break down gold with you guys slash GC, because we've been seeing quite a reversal in trend on gold, at least on the short term on the four hour chart, it's kind of different. But on the hourly chart, we're getting a break of trend, right? We found a bottom at 1450, we've been breaking above moving averages, now we're seeing a huge bullish pop here, this almost looks like a bull flag in a sense, right? Now we may continue this rally up, especially if these markets continue to be a bit rocky, a bit uncertain like they have been, due to the trade war. And really Trump, like we saw a couple of days ago coming out and saying that he's okay with waiting until after the election to get a deal done with China, which obviously the market does not like. The market wants a deal right now, if the market could choose a deal tomorrow or a year from now, they're obviously picking a deal tomorrow, right? So gold, a lot of upside in my opinion, if those markets get rocky. And what do I trade on gold? Well, I don't really trade it a lot or any more, it seems like, because I really haven't been trading in a lot recently, but I used to trade a lot, Jnug and JDST, when I focused a lot on my gold trading, right? And those two trade on GDX or based on GDX, which is simply a gold ETF that obviously tracks gold, right? And whenever this goes up, GDX, whenever it goes up, I trade, again, I used to trade a lot, haven't really traded much recently, a bull ETF, which is Jnug. And this is actually a 3x leverage GTF, and it goes up whenever GDX goes up. So this could be a play in the short term, especially if these markets get rocky, and it's been doing quite well, guys, literally up 20% over the past couple of days, which is pretty incredible. And the trend on the four hour chart is starting to break out ever since we've broken out of that 180 SMA. So I'm definitely watching Jnug here. The inverse is JDST. Let's say these markets, they don't dump, they don't correct. Let's say they continue to rally up all time highs, whatever. Let's say that happens. Gold will most likely sell off. Gold will definitely see downwards pressure, most likely at that point in JDST. It goes up whenever GDX and gold go down in price at a 3x rate. So that will be a good way to short gold. So that's pretty much it for this video, guys. If you enjoyed it, feel free to go down below, hit that like button, consider subscribing if you want to see further content for me. And let me know down below in the comments section, what are your thoughts about the stock market right now, about these individual stocks I'm watching, what are your thoughts? I'd love to know down below in that comment section. And don't forget to join our StriveSmart Discord group chat, as well as our StriveSmart Facebook group. And to check out that Webull link down below if you do want to receive two free stocks, absolutely free stocks, by simply opening an account and putting in 100 bucks, guys. I appreciate all of you guys for watching. As always, peace out.