 What is going on everybody is Stas here welcome back to yet again another video so in today's video We're gonna 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 very brief trading update today As well as taking a look at some other stocks and ETFs that did very well today that I'm personally watching Over these next couple of trading days And I also wanted to tell you guys if you want me to talk about any stocks or ETFs in Sunday's video drop a comment down below Right now at the end of the video whenever you guys want with a ticker symbol that you want me to talk about So typically every Sunday I talk about 10 stocks that I'm watching for the upcoming week And some of those are ones that you actually called out shouted out either on the comment section in Friday's video Which is this video you're watching or in the call-out section So if you guys want to talk me to talk about any stocks drop a comment down below right now And if you enjoyed this video feel free to hit that like button It really supports me and supports the channel in general and without further ado guys Let's just hop right into it So the S&P 500 today almost hit the all-time highs guys. We were almost there $1 off We ended up closing at 29 39 point eight eight up $13.71 at the close up 0.47% and we actually got some good news really great news I would say about our first quarter GDP growth. It was at 3.2% Which absolutely blew away Expectations a lot of people didn't expect this but the economy in the first quarter did very very well And I personally think this was a catalyst in the market's performance today Just figured I'd mention that if you want to do more research on that I advise you to do so go take a look read some articles look at some charts to see how the growth compared to previous quarters And guys I'm telling you it's pretty good growth here pretty pretty good growth in terms of GDP That's just telling us the economy is doing better than expected, right? Which is some pretty good news for the overall stock market So the Dow Jones industrial average here up eighty one dollars and twenty five cents at the close of point three One percent here pretty solid day in terms of the Dow and the NASDAQ pretty solid day as well up thirty eight dollars And seventy five cents up point five oh Percent so let's go back over here to the S&P 500 will break down some technicals Very briefly to see what I'm personally seeing here and where I expect the markets to go So over the past couple of videos guys if we hop here on the S&P 500 the five-day five-minute chart We've been talking about this little range that the S&P has been trading between between twenty nine thirty five and about 2915 is that twenty dollar little buffer range the horizontal channel pretty much that we've been trading in there was a stronger resistance at This level we struggled to get out of it. I believe this was on Monday or Tuesday the next day again We struggled the next day we struggled, but today guys We finally ended up popping out up to the 2940 level nearly which is a very good sign that this was briefly or Really a brief consolidation zone for the SPX Before we're pushing up to another high or high for the continuation of the uptrend So all in all what I'm watching now guys is for us to potentially hit those all-time highs this upcoming week Which I personally think we're 95 90 95 percent And probability from my personal opinion that we are going to hit those all-time high simply because we're literally a dollar and three Cent's away from those highs so one literally one little brief green day one little brief pop up Let's say Monday we pop up a bit. That's going to be an all-time high, right? So there's a very high probability unless we just tank right unless the market just tanks on Monday that we are going to hit The all-time high so how to just keep an eye honestly guys, you know on the all-time high, right? Are we gonna pop back up and then from there? How is the market going to react? Right? Are we going to continue to push up maybe to 2950 2960 before we see another little plateau before? We see a potential retracement. That is what I am watching very very basic here on the S&P 500 So going over to the Dow Jones industrial average. We were talking about how it was trading between 26 426 800 really over these past couple of trading days yesterday We ended up selling off or the day before let me just double check. Yep. It was yesterday. We gapped down We saw 3m the company ticker symbol MMM. They reported pretty bad earnings and stock tanked a bit about 13% That brought down the Dow in my personal opinion. We ended up dipping below that support at 26 400 But we ended up opening right at that level. We actually dipped down a little bit retested that support today And we bounced up closing at about 26 540 putting us towards the middle of that channel that we're seeing here on the 180 for our chart, which is very good that we've bounced on that support level We're looking to continue the uptrend here and we're looking to test that resistance at 26 800 and let me just draw this little Trendline for you all and if we zoom in a bit you can see it better You know this bounce here and the pop is the higher low that we need for the Dow Jones To continue the uptrend right the higher low at 26 400 ish, right? Well, we saw that bounce the previous at about 26 100 the previous from that at about 25 4500 so the uptrend is intact on the Dow based on what I am seeing and it's Absolutely down pouring outside right now guys. You probably can't hear that. Oh my god It's down pouring outside right now, but nonetheless the Nasdaq today It's in a very similar boat to the Dow Jones, right? We saw that little pullback from the all-time high at about 78 79 down to this 50 simple moving average on the 184-hour chart we ended up hitting that support level very nicely And now it's looking like we're continuing the uptrend at a higher low from the previous, right? So this is very very simple, you know these Technicles, you know, they're not too difficult to see and understand, right? We've seen the markets be in funkier places and when the Technicles are looking like this again. It's just very easy to decipher and very easy to Kind of predict where the market is going based off the data the data that we are seeing right? So we'd simply pull back a little bit of a retracement right over the past day or two You know, we've seen retracements like that in the past, right? We push to a high here pulled back push to a high pulled back push to a high pulled back It's just part of the uptrend right once a stock ETF index future once it's going up, you know Consistently there's always going to be healthy pullbacks and that's just honestly what I'm seeing here in terms of the Nasdaq So that's the overall market update today guys What you need to keep an eye on is just simply the S&P 500 are we going to hit all-time highs this upcoming week? I personally think we are and that's pretty much it, right? Let me know down below in the comment section. What do you think about the overall markets right now? What do you think about the SPX are we going to hit the all-time highs? I personally think we are I would love to see what you guys think about that So let's talk about what I ended up doing today in terms of my trading You saw in the title of today's video the stock that I'm personally swing trading my biggest swing trade position right now is Procter and gamble guys ticker symbol PG and this is one that I was scaling in After they reported their earnings right and if we hop over here to Procter and gamble This is one that's played out 100% beautifully to my plan, right? We can see the the peak was at about 107 to right we pulled back on that earnings report They beat on EPS. They beat on revenue, right? But their Gillette segment was lacking right one of their baby segments was lacking as well But they're innovating in these two segments of the business Which in my opinion is going to stimulate growth and the other growth and their massive massive category of You know products businesses segments the growth in the other ones right other than Gillette and this one baby one They've been pretty good, right? They've been pretty good and the stock has rebounded here with a very strong date today of about $2 and 58 cents up 2.5% I got in again on that day. They reported earnings I forget what day it was exactly so this is Friday Thursday Wednesday Tuesday is when they reported earnings, right? We went down all the way to $102 and 13 cents opened up nearly 5% Margin of profit, right? I ended up getting in right here at 103 80 ended up adding more Towards the end of that day and over the past couple of videos I've been talking about how I want to add more into Procter and gamble once we broke above a 105 dollars and that's exactly what I ended up doing today guys, right? We saw the big gap up from 103 60 at the close all the way up to 105 73 We can see again a $2 58 cent move here, and I ended up adding more money at literally 105 dollars I had an order there to buy a couple of more shares ended up doing that and now I'm in with a pretty sizable a pretty strong built position in Procter and Gamble so I was talking about in the group chat You know how my limit order right now on Procter is at about 107 50 I believe 107 50 or 108 I have to double check that but that is where it currently is right now But I'm thinking potentially here guys, you know, especially with this GDP news that we got You know, I think there's some more green upside in the markets now You know, I personally might hold Procter and gamble a bit longer than expected, right? Maybe maybe past 108 maybe past 109 maybe around 1010 or not 1010 110 that is where I might end up holding Procter and gamble as of right now and obviously, you know This is something still in the air. I was typically I was originally rather looking to sell at 108 So to protect my profits, I'm using a pretty tight. You know trailing stop right now not too too tight It's around point five percent. I believe just to protect the profits But with Procter and gamble being a quote-unquote safer stock, right? It's a blue chip It's one of those companies that you know, isn't too vile title be quite honest with you guys I feel a bit more comfortable leaving a bit of wiggle room there in the trailing stop and holding it a bit longer As it does recover and to be quite frank with you all it seems like it's recovering very nicely, right? We ended up bouncing on the 180 SMA, which is what I was hoping for we got that We broke out of this 50 simple moving average resistance on the 184 hour chart These are just very very good signs for Procter and gamble. So let me know down below in the comments section What do you guys think about Procter and gamble? I know a lot of you or some of you rather We're talking to me about it either on private DM and the discord that you're trading Procter and gamble And honestly, I think this is one of the best in my opinion, right? Obviously a lot of people's opinions vary out there But in terms of swing trades, you know in the market right now This is one of my favorite ones and don't just buy it based on my opinion guys You have to do your own research or due diligence Understand the risk, right? You have to understand these different things before buying it and don't buy it Simply because me some person on YouTube is talking about it and buying stock That is not the way to go. You have to understand for yourself why you're buying what you're playing where you want to sell Where you want to add more etc. Etc. So that is the biggest swing trade that I'm in right now Procter and gamble. So what else am I in right Facebook's one that I'm in and ended up You know losing a bit of money today, but I didn't lose money because I didn't sell right So I'm basically just down a bit. I was in Facebook from yesterday around the 193 level today was kind of a volatile day in Facebook stock. We can see Popped up to 192 sold off to 189 now We're chilling at around 191 50 towards the end of the market So I'm still comfortable holding Facebook especially because of the positive earnings report that they did have So this is just one that I'm simply holding right. I'm in with a smaller amount of my position, right? I'm in with about 20% of my goal position until we get a confirmation that we're pushing up into the mid 190s Where I plan on adding more money So Apple guys is another one that I ended up buying just a little bit here guys just a little bit You may be asking yourself Stas, why are you buying Apple when their earnings reports is on the 30th, right? Don't you not buy stocks before earnings report? Well, this is simply a weekend swing trade for me guys I'm looking to I bought a little bit of money here or put a little bit of money rather in Apple I'm looking to swing it simply over the weekend with a plan of selling on Monday, right? This was kind of an off-the-wim decision. It might not work out for me, right? But I'm looking to capitalize a small gain here if Apple does well on Monday, right? And the goal is to sell before earnings potentially hop back in after earnings. We'll see what I end up doing I will let you guys know in the future video But what I'm seeing in terms of Apple here is we've pulled back a sizable amount since 208 down to about 204 dollars we're maintaining the 50 simple moving average here on the 184 hour chart Which is a pretty good sign that we want to reverse back up and it's kind of just a You know a play here where I'm looking to hop in on the dip. Hopefully we pop back up on Monday That is the goal right now with Apple Let me know in the comments if you are trading Apple, you know This is a smaller position out of the three ones that I'm swinging right now guys Apple is definitely by far the smallest one due to their earnings Maybe I'll lose money on this one. We'll see what ends up happening But of course the goal is to make money just like every single trade that I take does it always work out that way guys? Absolutely not. I lose money. You probably have lost money I guarantee you've lost money and every trader out there everybody investing their money long term Everybody that swing trading everybody that's day trading has lost money at some point in their lives So very quickly guys I don't want to keep you all too long and remember drop a comment of some tickers You want me to talk about in Sunday's video? Let's just go rapid fire on some stocks that I'm personally watching so obviously Apple. I'm watching Apple next week They're reporting their earnings Facebook. I'm watching Facebook. Of course, they reported earnings very volatile Looking for it to get back to the mid 190s potentially $200 again like it did on their earnings report day AMD advanced micro devices is another stock that's reporting earnings on the 30th unless they pushed it back. Yup April 30th 2019 the last day of April is when AMD is reporting their earnings We're still trading in that horizontal channel pretty much here between 28 ish dollars and 27 dollars Maybe we'll break out after their earnings report upwards of the 29 level 29 15 maybe 30 dollars That's what I'm watching in terms of advanced micro devices. We've seen a pretty sizable move in gold here guys We broke out of the 50 simple moving average resistance here We popped out of there now We're looking to test this 180s sum a which has been a resistance over the past couple of weeks here So Jnug as you can imagine since gold did very well today Jnug Followed since it's an ETF that goes up whenever gold's going up We had about a 10% move here in Jnug at the close of the market But one thing I'm watching here in gold guys is that simple moving average the 180s and may again It's been a strong resistance here We're seeing the bearish cross not too good of a sign But if we break out of that 180s and may if we start to truck back into the $1,300 level This can be a sign where we could potentially be reversing to the upside in gold But until we see that I'm not personally going to be touching Jnug But I definitely think it's worth taking are really just keeping an eye on right and let's see We get rejected here and we slowly start to continue the downtrend from a lower high reversal You know this can be an opportunity to hop into JD ST Which is the bare ETF that's going up whenever gold is going down So another one we saw tank today absolutely tank was crude oil guys So we went from 66 70 ish all the way down to $62.80 at the close here of the lowest point on the day was around 62 28 And if we're just hopping over here taking a look at some technicals, what are we noticing guys? We're noticing a green bullish candlestick forming on top of the 180s and may here on the 184 hour chart Where it's historically bounced over the past couple of months So this could be a point in time where we are at a very big dip This has been a correction that we've been waiting for on crude oil and UWT Which is an ETF we trade based on crude oil which goes up whenever crude oil is going up This one had a sizable pullback today, which could be a good opportunity now Especially if crude oil does end up popping up and if you don't know what ETF I'm referring to it's you Wt here. We saw the 10% pullback. This is definitely one I'm watching this upcoming week So I'm going to end off the video here guys if you enjoyed it feel free to hit that like button again It really supports me and supports the channel in general if you're new to the channel and you're not subscribed yet What are you doing hit that red button? Subscribe to the channel I really appreciate all of you guys out there watching and subscribing to the content and hit that notification bell So you're notified every single time that I do make a video and I make videos pretty much every single day Especially throughout the week on trading investing and the stock market. So I'll catch you all in the next video I hope you all enjoy your weekend. Don't forget to drop some tickers down below. Peace out guys