 What is going on everybody is Stas here welcome back to another video So in this video, we're going to be doing an overall market update looking at the Dow Jones the S&P 500 and the Nasdaq We're going to be talking about one trade that I made today on the 22nd of February in 2019 As well as taking a look at some other stocks and ETFs that performed very well today And that I see potential in over these next couple of weeks So for everybody out there that enjoys the content here on YouTube you find value in these videos Feel free to hit that like button down below guys It really does help the channel grow and if you're actually new to the channel and you want to stay connected with our community There's a free discord group chat. You can click that down below as well We have about 500 600 members in there and we're talking on a day-to-day basis about strategies stocks What we're watching right, you know news in the stock market and just bouncing ideas off of each other and just chatting pretty much all day guys So the groups got to the point where we're talking pretty much all day around the clock about stocks trading investing news Everything that this channel is about so again if you guys want to get in there if you're not already in there Links down below in the description box hop in there shoot me a message and we can chat So let's talk about you know, what's going on right now in the overall market We can see well You can't really see the clock here in the top right corner But it's 2 40 p.m. At the time that I am recording this video and if the market were to close right now We would end the day on a green day. We see the SPX is up around eight dollars up around point three percent right now The Dow Jones is up around eighty eight dollars up around point three percent as well And the Nasdaq right now is actually up the highest out of the three major indices up around point four one percent Up around thirty dollars on the day. So who knows guys Maybe when I'm done recording this video and the next hour passes. We end up turning red That could potentially happen right but at the time that I'm recording this it's looking like we're pushing green right all the major Indices they're continuing their up trends that we've been talking about over the past couple of videos and let's just dive into some specifics Here on the SPX the Dow and the Nasdaqs We can get a better understanding of where we could be potentially moving over these next couple of weeks So for all you guys that have been paying attention to the markets and especially to these videos here on YouTube We've been talking about these two resistances on the SPX the one being at around 2790 where we're trading really close to right now actually and the second one being at around 2815 dollars these are two resistances from the massive sell-off that we saw you know in the beginning of October and 2018 all the way towards you know the end of the year towards Christmas time is when we saw this big sell-off You know creating these two resistances for us to break through if we want to potentially test those all-time highs again in The stock market and pretty much guys over these past two three trading days pretty much like this whole week Honestly, we've been having trouble getting above this resistance, and if we take a look closer On this 30-day 90-minute chart we can see that right we can see on the 19th of February as well as the 20th We had two consolidation days pretty much under that resistance having difficulties breaking above it the next day We actually dipped even lower possibly you know at this point We possibly thought this was the point where we were pulling back But with the pattern that we see today guys This is the continuation of the uptrend putting us again at this resistance So judging off of this chart here guys We're still continuing the uptrend the fact that we pushed up to a higher high today tells us just that But keep an eye on this the latter half of the day today on this rejection Right at that resistance. We were just talking about right this could be the sign that we want to see For an official pullback back down to the 50s and may here where we ended up holding yesterday Or possibly if we break that 50s and may we could be headed towards the bottom of this channel Which has been a support over these past couple of weeks here, right? We can see that here guys the support level pulling back here does not seem you know two out of you know, two out of the reach here For that to happen, right? So we can see that very clear guys That's what I'm pretty much watching for this upcoming week Are we gonna end up breaking out of this resistance this upcoming week and out of the top of this channel? Which is gonna be a very bullish move or are we gonna get rejected test that 50s and may support again and then Potentially test this support level at the end of the trend line at the bottom of the trend line Only time will tell but that is what we're facing right now in terms of the SPX Judging on the Dow Jones very quickly guys. We can see This one very similar, you know, we saw the big sell-off and you know the latter half of 2018 We all know that by now we bottomed off at around 21,700 and we've been uptrending for the whole year of 2019, you know, pretty much right the whole entire year We've been going up in price and we've noticed that we broke the resistance from the beginning of December here from 12 slash 3 when we tanked all the way down to the lows So that's a good sign that we're now trading in between the channel of that resistance Which is now a new support and the previous resistance at around 26,200 dollars so keep an eye guys if we do push green for the next couple of days You know, this could end up filling to the top here previous resistance and honestly pushing us to the top of this channel So this level here about three four hundred points above from where we are right now in the Dow Jones This level could be the spot where we could see, you know, potentially the Dow push to which is honestly my goal target price Right now for the Dow Jones So, you know, very similar technicals here to the SPX guys We're trading in this channel here on these longer term or rather these mid-range term charts here like the 30-day chart and One more green day pushing us to the top of this channel to that resistance Doesn't seem too out of reach now as well, you know in terms of this Dow Jones chart and the NAS that guys You know like we said up around point four percent right now And this one's been struggling to get above the seventy one hundred dollar level really for a while now Not really a while, but you know about ten days Which does seem like forever in terms of a you know trading days sometimes, but that's a whole different story But you know, this one's been struggling for ten days at this point to get above this level And if it does end up getting to that seventy one hundred dollar level, you know I'm gonna be looking to see if it's gonna fill to the upside here to that previous resistance at about 7200 which was from the beginning of November in 2018 when we took that big dip guys So nothing crazy not much movement so far today Who knows the markets could end up turning red in this next hour and 15 minutes that we do have open But as of now, you know, if we closed today, we'd be up point four point three percent And it would just be another you know regular day You know another regular small green day in the overall markets But again things can change and the snap of a finger. Who knows guys sometimes crazy things do end up happening So let's talk about what I ended up trading today a very quick day for me today guys You know on a little quick day trade on Jane Nugget for those of you guys that were in the group chat this morning We were talking about Jane Nugd due to the big pullback that the gold futures actually have been taking over these past couple of days And for those of you guys that have not been paying attention, you know gold futures were at about 1350. I believe About three days ago or something right three four days ago They were at 1350 and we took that big pullback breaking below the previous resistance at around 1330 which was a new support So the fact that we did break that that kind of worried me for potential bigger sell-off and gold You know fortunately and why I ended up trading it today We did not get that bigger sell-off But we ended up holding on that 50 SMA at around 1325 which ended up opening my eyes to this trade today guys so we can see we broke that You know we broke this resistance here or the previous support or actually the previous resistance Which is now a support we broke it But we ended up holding the 50 SMA for the higher low and this is honestly telling me that we're continuing This uptrend pattern in the gold futures So I ended up taking a very quick day trade today in Jane Nugd which pretty much goes up in price when the gold futures do go up in price And if we take a little bit of a closer look here on these futures you can see 1350 We topped off we pulled back getting rejected by the 50 SMA and the 180 SMA and we noticed To breakout patterns here to the upside. What do we notice? We see the double bottom here, which is a sign of a reversal to the upside very good sign here And then we see the 50 SMA You know the break above the 50 SMA and the brick above the 180 SMA That's a second sign and we honestly see three signs because the 50 SMA is also crossing above the 180 SMA which does show or a issue rather, you know bullish bullish movement in a stack in to see you know future ETF whatever you're doing your research on right that issues that's really showing that there's more bullish potential in that particular chart So we see all those different signs here, which opened up my eyes to Jane Nugd today And we saw Jane Nugd was up around six percent I believe or something but I caught it this morning on this little push to the upside literally guys for a very small trade It was like a point seven percent profit literally I just wanted to lock it in very quick because it was Friday I'm having a pretty good week this week and I didn't want to end up screwing myself over on Friday You know last day of the week. I always like ending off strong and pretty much That's what I ended up doing guys, right? We saw that big sell-off in gold this morning if we do notice on this shorter-term chart We see the sell-off here this morning down to back down to about 1320 and then we see the big bullish moves You know into the market open starting at around 815 a.m. We see those two big pumps back up to 1330 we held that heading into the market open and then we slowly started to make those higher highs higher lows all the way up to around 1 p.m. Actually, but this was after I ended up selling off and now we're seeing the big dump So where did I end up trading it guys? It was just a very quick You know point seven percent profit trade here nothing too crazy ended up getting in I believe at around This was at like 1015 or something like that ended up getting in at 1015 and literally Scalping this one very quickly and for in the matter of like 1015 20 minutes here guys literally from 1015 up to Around 1035 quick little scalp on Jnug. That was my day trade for the day for those of you guys have been watching the videos I actually didn't day trade much this week because I've been swing trading three separate stocks One being Microsoft that actually went up like crazy today If I held my position in Microsoft, I would have made an extra 1.5 2% Ended up taking my profits yesterday playing it very safe And for those of you guys that missed that video go check out that video from yesterday I talked about my Microsoft trade, but I took a 2% profit roughly on that trade yesterday That was one of my swing trades another one is cat guys, which I'm still actually holding This one's looking like it's gonna close the day down a little bit You know I'm up still on this position because I did get in on this initial break above the 13775 138 You know support resistance here, but I'm up a very minimal amount right now guys I'm pretty much at my break even price and I'm actually possibly considering in this next hour or so Closing out my position In cat, but I do want to see you know if it does seem like it's holding This resistance as a new support heading into the weekend I might consider holding it through and I guess I'll just update you guys on that You know on Sunday's video. I'll let you know what I ended up doing, but as of right now I'm pretty much barely green on the position I'm pretty much near the break even price and I'm considering whether or not I'm still considering whether or not I want to cut not really cut But just take my profits or just sell out of my position again I'll just let you guys know in the next video So that's just a quick little update on cat ticker symbol CAT so another one that I'm actually still holding and as one of those three swing trades that I was talking about is J&J guys and this one did very well today at one point I do believe it was up around a dollar per share today and this was right before I started recording this video We can see it was all the way up to 136 62 putting it up around a dollar dollar ten per share It was up around point seven point eight percent at that point if for those you guys that don't remember This is one that I've been in for a couple of days now right around the 135 ish area is where I'm holding J&J Still and I'm pretty green on this position And this is one that I am gonna be holding into the weekend Johnson and Johnson ticker symbol J&J and that's just pretty much the update for that one Not really much to say about it still green on it and planning on holding that one through So that is what I ended up doing today in terms of my trading guys quick little update on those swing trades and Another one that I want to talk about today. You saw it in the title was you guys guys ticker symbol UGAZ So today we're seeing a break in natural gas That seems very very bullish and for those of you guys that have not been watching my videos I've been talking about Multiple patterns and indications that are showing on a technical basis that natural gas is Reversing to the upside and let's go over those now very quickly for those of you guys that have not watched this beat of those videos and Guys, this is showing a great great potential for you guys, right? We've been talking about this and let's just take a look at it right now So the first bullish sign or reversal pattern rather that we're seeing is the double bottom That's the first one we're seeing here double bottom at 255 Meaning that that's a good chance that you know natural gas is pushing to the upside, right? That's one sign. We're seeing the second sign We're seeing is the break out of this downwards trending channel Indicated by this channel right these two trend lines that we're seeing we're seeing a break out of that Which is a break of pattern to the upside that's the second sign We're seeing the third sign We're seeing here is these candlesticks breaking out of the 50 SMA resistance to the upside and eventually out of the 180 SMA resistance, that's another sign We're seeing and another sign even another sign. We're seeing the 50 SMA breaking above the 180 SMA That's a very bullish sign as well and the last one we want to see guys is a break above 270 which at this point we are right at that price. So if we do break 270 That's gonna be a huge bullish move to the upside for natural gas Which with the next resistance being at around 290 guys So from 270 to 290 this could be the next gap in natural gas meaning you gas is gonna go Absolutely berserk if this does end up happening and this is the number one ETF I'm actually watching for this next week and my personal opinion guys We're already trading above this previous resistance, which is now a new support in terms of you guys with the next resistance being at Around 36 dollars. We're already breaking above the 180 SMA and we see from here to that next resistance There is about 12 percent margin of profit in terms of you guys So I'm watching you guys very closely guys And if we do end up breaking that 270 level in terms of natural gas We start to close the gap up to 290 That's gonna be a huge huge huge indication that you guys are gonna be a pretty good play and I'm personally Probably going to trade that you know that ends up happening. So you guys guys watch that one very closely This upcoming week It's looking pretty solid and just to talk about some other stocks that did very well today And I'm kind of bummed out because I literally called these stocks out I talked about these stocks in a couple of videos this week and I didn't trade them Right, don't you kick yourself when you call out stocks? They go out perfectly to what you call them out to go and you don't trade them, right? So the first one I didn't personally call this one out somebody in the discord called this one out first I started watching this one and this one is why why and this one literally did exactly what we talked about in yesterday's Video and I didn't end up trading it and for those of you guys that watched yesterday's video We were talking about this one on the big pullback from 75 down to about 70 But it was holding the uptrend, which was very attractive You know in this particular stock and that's what we were talking about in yesterday's video And what do we see here today guys? Well, it held that and held that uptrend Yesterday actually yesterday. We saw it consolidated all day slowly started to push up Towards the close of the day very good sign and we can see guys pretty much it held and maintain that uptrend pattern Heading into today, and I completely completely missed out on trading Why why so for those of you guys that you know saw this call out profited on it Let me know down below in the comment section, of course Don't just trade what I personally say in these videos But if you see value in the stocks that I'm trading or talking about and you understand them for yourself And you take the risk for yourself on your personal opinion, then go ahead and trade what you're Seeing on these channels on these videos, right? But don't just blindly trade what I'm saying here, right? That's the whole idea. So that's just one that did very well That somebody in the discord group chat ended up calling out that I personally talked about in yesterday's video and that I Did not trade so another one was Billy guys for those of you guys that have been watching the videos Billy is one that I was talking about a couple of videos ago, especially because we popped up above This level here up to around 1950 we pulled back ended up breaking up or testing rather the same resistance at around 1830 and we were waiting for that pop above 1830 to fill the gap back to this previous resistance back from the 14th of February and Welp guys We did exactly that right we did exactly that today up 7% in the stock up around a dollar 30 in the stock But I did not end up trading it. I am a fool. I'm kicking myself, but you can't get greedy guys That's the whole entire idea here Sure, there are gonna be stocks that you call out that do well that you don't end up getting it But be grateful be thankful for the profits that you did make which in my case today I made money on Jnugg. I made about point seven percent Which is a fraction of what I could have made if I traded this but the whole idea here is that I'm still Thankful, right? I'm glad that I'm able to be green and be consistent because that's the whole entire idea here You know to becoming a good trader in general. You have to be consistent, right? That's the whole goal So I missed out on Billy I'm not too mad, but I'm still kicking myself a bit But I understand that it does happen and you got to just focus on the next trading day when these types of things do Happen so for this week guys what I'm gonna be waiting for is you guys first and foremost I'm gonna be watching Jnugg to see if gold continues that uptrend Jnugg is gonna be doing very well I'm gonna be watching Billy possibly to see if it breaks out of 1930 this one could continue to run if it does do that guys if we do see the breakout That could be a good spot or if we pull back and test the support again We could be forming some sort of horizontal pattern here Horizontal channel which we could be trading in and out of for a couple of days that could also happen there I'm gonna be watching. What's the other one? We talked about of course J and J Cat ticker symbol CAT to potentially add more money into those and honestly guys That's pretty much it. You know if the markets do end up pulling back this week I'm gonna be trading TV IX which goes up when the overall markets are you know selling