 What is going on everybody it's Stas here and in this video we're going to be doing an overall market update Just like always 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 need TFs that I'm watching and looking to trade right now in the beginning of November Looking to kick off this month very very strongly and as you read in the title We're going to be talking about you guys and my brief opinion on whether or not I see these markets Continuing this run that they've been on so 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 for me and feel free to join our 100% free of charge Discord group chat and Facebook group those are linked down below in the description box as well as all of my other Social media platforms, so guys let's get into it right now starting off with the SPX here the S&P 500 Very very strong day today This is mostly due to a strong jobs report October jobs report that came out today and off the top of my head. I believe we saw 118,000 jobs in the month of October and unemployment The unemployment rate ticked up a bit to about 3.6 percent So that is what really fueled this market today and again You can see this is up nearly 30 bucks at the close up point 97% we hit another all-time high here at 3,066 dollars and 95 cents and pretty much today was one of those days that we saw a lot of the action Pre-market hours as you guys can see here, you know, we closed yesterday at about 30 37 yesterday being Thursday And we actually gapped up to the the open here, which is Friday up to about 30 50 So we saw a sizable 13-point gap up Then we saw another big push here of about the same roughly 13 points And then the rest of the day guys honestly, although we didn't dip down We were pretty much just coasting around that 30 60 level and as you guys can see again We closed at an all-time high very strong close on the SPX by the way at again 30 66 so at this point obviously looking back at that four-hour chart There's no really resistances that I'm looking at because we are really at an all-time high at this point So all we can look at is you know the previous all-time highs, which at this point are acting as Support levels so what I'm looking at in terms of that so let's say the S&P does pull down Where could it find some sort of support? You know the general area? I'm looking at is probably around 30 48 to about 30 50 right and why am I saying this level well if we zoom in a bit to the 5-day 5 minute you guys can see that level is Really an old resistance where we saw about four or five rejections and ultimately we gapped up above it today Which makes it a new support so watch out for that level if the S&P does see a cool-off period Here in the short term which honestly guys I wouldn't be surprised because the RSI's overbought We've been running up for the past couple of weeks if we cool off a bit see a bit of a retracement Retracement down of this level bring that RSI down a bit that could be you know the S&P tuning up for the next rally Up to another all-time high, so let's take a look quickly at the SPY SPY tracks the S&P this hit an all-time high 306 dollars and 19 cents and really the technicals are similar here, right uptrend is intact We again have no resistances here. We can pretty much only look at old all-time highs You know as new supports which in this case is going to be around 304 dollars and 60 ish cents 304 dollars and 70 cents so SPY again tracks the S&P a lot of people use this as a gauge on the market and Yeah, it's a beautiful uptrend all-time highs all of that good Stuff here so going to the Dow Jones industrial average. We filled that gap guys. Yes We filled the gap. I've been talking about this on the channel We finally filled the gap now We have one more step to break to get to those all-time highs and what gap am I talking about well We've been trading within 27k to about 27 for which is around a 400 point gap here over the past couple of days Right and I've been talking about how you know if we fill the gap Obviously if we break that gap once we fill it we're going to be at all-time highs And that's on a technical basis what the Dow Jones needed to do to get to the all-time highs So now that we fill the gap this upcoming week I'm waiting to see do we gap up and I personally think we're so close at this point that at least in the short term I think this is going to break up here to the all-time highs, especially because guys honestly There's a lot of optimism right now in the stock market trade worries You know, although they're in the back of people's minds, you know We have some optimism especially from the media surrounding the trade war, right? You know a partial agreement may come We already got that one about like one two three weeks ago I forget exactly when that was but it was here in the you know in the recent Past and you know again jobs or the jobs report came in very very well a lot of the big companies like Apple Facebook They blew earnings out of the water a lot of other big companies are doing well as well So I think this can end up fueling the really the stock market up Especially the Dow Jones here to that all-time high So let's go to the NASDAQ guys and really take a look at what this one's looking like here This is up 73 points right now up point nine percent in this one hit an all-time high here at eighty one sixty eight and Judging off this four-hour chart again No resistances because we're at all-time highs at this point next Support that we could be going to if we see a pullback in my opinion is going to be around 81 20 so roughly about a 40 point pullback I think could be healthy here You know on the NASDAQ and you can see it here on the hourly chart a bit better You know we're getting overbought on the RSI you saw it on the four-hour chart, you know here on the hourly chart as well We're not extremely overbought but we are getting to that 70 threshold Which is very overbought and anything above 70 is extremely overbought so you know if we do get that pullback here It's not going to be a crazy pullback that oh my goodness the Dow Jones the NASDAQ they're going in downtrends No, it's a healthy pullback. We might hold that 50 SMA again that 81 25 level This could be a spot where we can consolidate and then maybe just continue this rally and hit an all-time high Again right so that's kind of what the markets are looking like right now very very strong performance guys The stocks a lot of the stocks I tracked throughout all-time highs You know Apple went up seven bucks today Facebook up nearly two dollars today Amazon up 14 bucks a lot of these large caps You know Microsoft has been killing it You know these are just driving up the stock market at this point and to answer the question and the title Do I see more? All-time highs to come here in the near future Do I see the markets continuing to go up and the truth is yes? I already briefly kind of answered the question a couple of minutes ago But there's a lot of optimism right now partial trade deal. We may get another partial trade deal jobs reports Looking good corporate earnings. Some weren't really good, but a lot of the large caps did pretty good They they beat on EPS they beat on revenue. So at least in the short term here I do see these markets continuing to rally But one thing that can rock the markets which we all have experienced with at this point or maybe most of us have Experienced with at this point is if the trade negotiations get sour we get more tariffs They really publicize it on the media very negatively, which will instill fear in others This is going to be one thing that can really bring down this market right here And really it can happen very quickly guys We've seen it in the past before one tweet comes out We get tariffs and the market drops three percent in the day four percent This has literally happened in the past couple of months So just keep that in the back of your mind although everything is great right now Markets are pushing up. I think in the short term we can continue pushing up here Just realize that this can change in the blink of an eye have cash ready That's what you should do in my personal opinion, right? You don't have to do that if you don't want to I have cash ready. So when that does happen when we do see a sizable correction here I'm going to be ready and hopefully you guys will be ready as well to buy into stocks as they get Cheaper because right now a lot of the major stocks out there. They're pretty expensive, right? So let's get into you guys very quickly then we'll talk about what I did and honestly today guys today was more of a Sit back and watch type of day for me, right? Um, you know, I'm in McDonald's. I'm in Facebook. I didn't really change much in these positions Facebook I'm up a little bit on the position McDonald's I'm down a little bit on the position because McDonald's did end up seeing a little bit of a correction here We got rejected at 197 sold off held 193 That's pretty much what we did today in terms of McDonald's, right? And I'm in at about 194 Like 50 ish didn't buy any more shares of McDonald's. I do plan on adding more I was looking to add more today if we were to break 198 But the fact that we didn't we got rejected really I didn't do much to this trade, right? I'm just simply holding those initial shares and the Facebook position that I got into yesterday Really is because of their positive earnings their run up to 200 bucks and their pullback of the next day to 192 opening up that $8 margin and Really, I see this as a dip by because the momentum that pushed us to 200 bucks What did that do that pushed us a to a higher high and be into the next channel? Which is between 192 and up to about 205 and again, we got the pull down We held 192 nicely as a support yesterday So I figured I buy in and again off the top of my head right now. I forget exactly where I built the position I believe it was 192 60 192 70 right around here and you guys can see I'm up a little bit on that I'm you know, I'm up about like a couple cents like probably 50 60 cents on the position maybe upwards of Actually more towards about a dollar on my shares nothing crazy. So, you know, simply today guys I was holding, you know, Facebook McDonald's no day trading although you guys would have been a very good day trade here today Didn't end up doing much in terms of that So let's just get into you guys and good old you guys guys This one took a dump and this just goes to show, you know How risky it is to really play you guys D gas and honestly all leveraged ETFs and ETNs at that Because they move up one day and they move down the next day and then all of a sudden they reverse and push all the way back up So it's kind of all about timing here and you can see exactly what I'm talking about right nearly 18 bucks Yesterday literally yesterday pre-market. We sold all the way down in early 1480, which is a it's a percentage loss of about 1516% and then all of a sudden today guys we gained almost all that back up 1513 1215 ish percent up to where we are now at about 17 bucks all in the matter of two days So if you were to time this correctly, you know Excuse me, you know buy here sell here you could have made Ridiculous amount of money right but at this point. I'm seeing this as a pretty bullish move And let me explain why on a technical basis. I believe that so taking a look at the 30 minute chart Well, the first thing I want to point out is the close above 1670 that is really bullish in my opinion because we held that the Previous couple of days once here and we tried to the previous day before that but ultimately dumped below it But we held that the next day again as you guys can see and then we ended up pushing to that high Then we slowly sold off well not really slowly very aggressively sold off But we still held that 180 SMA here on the 30 minute chart as a support at a higher low So that was a very good bounce this morning pre-market and honestly heading on to the rest of the day today for You guys and at this point. I was thinking okay, you know, if we break above 1670 hold that at the close that's going to be bullish because that could be giving us a sign that this thing wants to go to 1820, you know this upcoming week whether that's Monday Tuesday, whatever it may be the fact that we closed here I could see this one running up another six seven percent You know, you know really in filling up that gap to 1825 But the thing that scares me and why I don't really hold these over the weekend is This thing can maybe do something like this go back to 16 bucks and then maybe go to 18 bucks That's the thing so it's really risky because Ultimately, I do think it's going to go a bit higher than 18 maybe 20 bucks But before we get there this thing could go down to 15 bucks back up to 16 17 pull down again Then get up to 18 19 the thing is we don't really know and it's really risky because it's so volatile So at this point, that's kind of my thoughts bullish close But still this thing can really go either way next week Which again is why I don't really hold these things over the weekend and natural gas in general guys You know, this is looking very very volatile as well We closed under 272 Which is not really bullish in my opinion because we need to get that break and honestly the fill up to 276 which is the next gap and if we do get that and ultimately a break above 276 And really getting into the 280s That's going to be what we need to see for you guys here in the short term to really hit that $20 plus target that I do think it can you know as you know as natural gas gets More and more bullish as it continues to run up here So overall that's what I think in terms of you guys natural gas very volatile But ultimately I do think it's going to continue to rally up here Whether it's next week the week after or maybe even the week after that So let's quickly talk about some stocks guys and some that I'm very very Interested in buying this upcoming week the first one being ticker symbol ATV I and why am I liking at me guys? Well Brief news. Let's take a look at this live news tab to show you We got some announcements about two major video games at blizzcon as you guys can see down here And let me show you The games here. It was Diablo 4 and overwatch 2 this is what this stock has been kind of waiting for call of duty Also released this past week and honestly, I am a call of duty fan I've been a call of duty fan for such a long time since 2010 black ops one those that really is my favorite game of all Time but now this new call of duty call of duty modern warfare at the 20 Obviously it's 2019 version this game is amazing guys It sold 600 million copies in the first three days opening weekend and I honestly Love it right. I actually got off of the call of duty bandwagon for a couple of years You know haven't really got the past two three, but once I saw this one I was like, okay, I need to give it a shot I need to get back on to the bandwagon here start playing it a bit more because again I love call of duty for for for for over a decade at this point, right? So I got it. I love the game guys and Obviously, that's not a reason to buy a stock because you love the game that it produces But the numbers back it up right 600 million bucks in three days These are just positive catalysts that I think can fuel at be here as well as an earnings report That's coming up on the 7th of November, which is this upcoming week So I'm kind of watching these multiple variables here again all these new games call of duty earnings report I think this one can ultimately if it does well on the earnings here Ultimately fill the gap up to sixty two fifty, but I think that'll probably be a slow move, right? This might be about a two three month Period to get up to that level if it ends up getting up to that level But I think this is going to be worth swing trading It's on my swing watch list and again I'm watching all those different variables because they can move the stock So Abvy is another one here guys that reported earnings today and we can see this one Successfully filled the gap up to eighty one fifty honestly broke above it now is holding eighty one fifty eighty two as a new Support so this is looking good now We have to draw out some levels here that really we can go to next because this thing has been so freaking bullish, right? 84 20 84 30 that's kind of where I'm looking at next here coupled with their earnings Let's take a look at this guy's live news. Let's scroll down here a bit Okay, we can see guidance 882 this is this EPS. Yes 882 to 892 versus the 890 estimate So of course if they hit that higher end that's going to be better for the stock But let's see the earnings here if I can find it for you guys. If not, it's okay Okay, here it is EPS beats 233 versus 230 estimate very very good sales beat as well 8.48 billion Versus 8.38 billion so this overall did very well in terms of earnings the brief earnings in terms of EPS and Revenue that's driving up the stock. We're going to be watching. I'm going to be watching Abvy here over the next couple of Days so what other ones do I want to share with you all? We obviously have KHC You know, this is one that's really breaking up here due to a pretty positive earnings report Tesla is another one that I want to mention and honestly guys I'll go into a lot more stocks here on Sunday's video So if you guys want to actually let me know a stock down below in the comments that you want me to analyze for Sunday's video Let me know down below drop that comment and I'll get to it But Tesla here, you know 320 315 not really 320 315 310 seems to be acting as a support Maybe in the short term we can move up to 320 here. That's kind of where we're trading in right now But ultimately I'm not really looking to trade Tesla at this point another one That's just been ripping guys is in video ticker symbol and VDA This one's pulling down now $200 could be a potential swing trade entry here If we do hold that 50 SMA up to about 208 bucks I'm thinking that could be a reasonable play of about three four percent watching that. I definitely think it's worth it So that's really it for this video I don't want to keep you guys too long 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 don't forget to join our discord group chat as well as our Facebook group all of those are linked down below So I'll catch you all in the next video. Thanks again for watching. Peace out