 What is going on everybody it stops here welcome back to another video so in this 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 going to be doing a trading update talking about what positions I am currently in right now as well as taking a look at some stocks that are reporting earnings for the rest of this week As well as some other just general stocks and ETFs that I'm personally just keeping my eye on For the rest of this week some of those being ones that are reporting earning So before we do get into this video guys for everybody out there that finds value in these videos You enjoy the breakdowns the market updates the trading updates feel free to go down below and hit that like button It really supports me and supports the channel in general and I'm forever grateful for everybody out there That's watching these videos subscribing to the channel hitting that like button and just supporting in general It really does mean a lot to me. So let's just hop right into the topic of today's video I don't want to waste too much time because there is quite a bit we have to talk about today So the S&P 500 the SPX here the 500 largest publicly traded US companies ended up doing fantastic today Right the entire market in general went absolutely bananas, right? We see it ended up closing at or we see rather It ended up closing at about $25 and 71 cents in the green up nearly point nine percent here The Dow Jones industrial average had not as great of a day in terms of percentage But still a very solid green day up a hundred and forty five dollars up Point five five percent here and the NASDAQ guys following a nice little tech rally that we had today did Absolutely amazing up a hundred and one dollars or a hundred and three dollars rather right now in the future Market here up 1.33 percent and if we just hop here to the one day one minute We can see we ended up closing the day roughly at about 78 30 roughly about 10 points under from where we are So it was about a 90 to 95 point day in terms of the NASDAQ at the close of the market Which is absolutely Unbelievable guys, so let's go back to the S&P 500 very quickly You saw in the title of today's video is the S&P 500 going to hit all-time highs My personal opinion is a strong Yes guys a lot of people in our community have been talking about this We all seem to agree that we are going to hit the all-time highs Especially since we're only seven points away as of right now And a lot of people in our community think we're going to go to $3,000 in terms of the SPX before we see some sort of correction and at that point or at this point rather You know I can definitely see that happening. So let's just break down on some technicals here very brief Stemming off of what we ended up talking about in yesterday's video. So hopping over here to the five-day five minute What do you guys remember that I was talking about in yesterday's video? We talked about how towards the end of the short week that we had last week on I believe Tuesday or rather Wednesday and Thursday We had these two little decline days, right? Or actually no, this was Wednesday and this was Thursday, right? We had that little decline day the Tuesday Wednesday were two decline days Thursday Which was the last day of the trading week last week We tried to pop up but we still ended up closing under their resistance at about 2905 and yesterday guys we talked about how we were seeing a slow reversal that v pattern in the S&P that This could be a potential breakout, right? We talked about that in yesterday's video because instead of making lower lows here like we were for most of last week The S&P with the way it performed yesterday It made a higher low, right and it ended up closing at a very slim higher high from the previous close Which was on Thursday and this gave us, you know on a technical basis really the the what's it called the Indication that we're reversing to the upside and I talked to you guys in yesterday's video about how if we popped up in The middle of this channel, which we slowly did this morning and we eventually tested the 2915 level of resistance and we popped out of it that was going to be the breakout pattern and what happened today guys Exactly that we got the breakout pattern here the SPX pushed to a higher high in terms of the smaller charts And of course in terms of the larger charts and now we're getting to those all-time highs at about 2940 and yesterday we talked about how I believe we were like 1.2% off from all-time highs and now you can imagine we're literally like 0.2% off so tomorrow if we have a slim green day guys We're going to make an all-time high here in the S&P 500 So just keep an eye on that for tomorrow Let's say we pull back the level that you want to take a look at is going to be around 2915 This was obviously a new support level since we broke out of it as a resistance now We can pull back if we pull back who knows what's going to happen, right? But if we do pull back that is the level that you're going to be keeping an eye on but as of now You know these are you know this index is looking like it wants to hit all-time high So the Dow Jones industrial average not much to talk about here But just like the SPX guys this one is very very close to the all-time high not as close as the SPX But we're about 300 ish points away from the all-time high here And if we're just looking at percentage bases here roughly about point eight point nine percent away from all-time highs right now So that's really one very strong green day in the Dow. Maybe too many green days there You know we'll be at the all-time highs But as of now, we're simply trading in this channel from around 26 400 26800 that 400 point level not much has changed here in terms of where we're trading in the Dow from the previous couple of videos That we've done here on the channel. Just keep an eye on this Are we going to end up breaking the 26 800 level of resistance if we do that's going to be that you know The sign on a technical basis We need to see to get to those all-time highs if we pull back of course the 26 400 level that is going to be the support level that we need to see on The Dow Jones for to maintain that level for it to bounce back up and see are we going to start trading? Horizontally in between this 400 point channel from that point in time, right? But if we pop tomorrow, you know, this might happen right especially if a bunch of the earnings that are tomorrow do very well You know, we can be pushing up very aggressively here in terms of the Dow Jones So let's talk about the Nasdaq very quickly not much to say here We're simply day in and day out here over the past couple of days We've just been pushing to all-time highs every single day and my phone was saying that the Nasdaq was at $8100 today that was definitely a glitch because what I'm seeing here is we obviously didn't hit $8,000 right in terms of the Nasdaq that would have been crazy But my phone for some reason very odd on my Yahoo Finance app actually it was saying that we were in the 8,000 territories So obviously based on what I'm seeing here That's not true, right? But we did end up hitting an all-time high today at about 78 4375 we broke out of the resistance from the previous all-time high back in October at about 7715 so if we do see a slight pullback in the Nasdaq since it is a bit overbought here You know, that's going to be the level that I am looking at in terms of the Nasdaq down here Roughly at about 7750 to about 7700 ish that level but as of now not much to say on the Nasdaq, right? We're just completely blowing all-time highs here day in day out We're maintaining the uptrend the 50 simple moving average here on the 184 hour chart Everything is looking dandy in terms of the Nasdaq So let's talk about what I ended up doing today in terms of my trading Then we'll take a look at the earnings chart to see what you guys and what I'm personally looking at over the rest of this week In terms of what companies I'm watching and then we'll talk about a couple of stocks that I'm watching very very quickly So in terms of today guys, I ended up selling out of my Apple position Today and this is one that I was in from a couple of days ago And if we hop to the five-day five minute, we are I rather ended up getting into Apple on this little pullback here Yesterday right at 202 70. That's where we pulled back to I got in at about 203 20 roughly if I remember correctly right around that range on this nice little pop-up at that point We were retesting the 50 simple moving average, right? We bounced right off of it to continue the uptrend and today guys We popped all the way to 207 75 I talked about in the group chat how my goal to sell Apple was around 208 I ended up selling a bit before that just to lock in the profit since it did move pretty aggressively from where I got in Right, I ended up getting out roughly. I believe around 207 30 or something like that I ended up locking roughly a 2% on Apple over this quick little two-day swing trade and I'm really happy with that right guys I talked about how I wanted to get back into Apple this week and get out before Their earnings report which is on the 30th and that's exactly what I ended up doing, right? So very simple very brief that was the overall, you know swing trading update on Apple And I actually got into a new swing position today Which is one that I've honestly never really talked about on this channel. I feel like I'm sure I have talked about it But it seems like I've minimally talked about it throughout the life of this channel and that is Procter and gamble ticker symbol PG. So they actually reported earnings. I Think it was earlier today before the bell They did pretty well in terms of earnings if we go here to the live news We can see if we just scroll down a bit. We can see Let's see if we can see it here somewhere Procter and gamble the sales were 16.46 billion versus 16.28 billion Expected if we're going up a bit here on Procter and gamble to see the problems that they did have It was regarding Gillette and their baby one of their baby products These are the reasons in my personal opinion why Procter and gamble did end up falling they beat I'm pretty sure I'm pretty positive they be on earnings per share They'd be on sales like you just saw so from those two key metrics that we like to see from earnings They did well right but we read and we saw how Gillette and again that baby product has not been doing so well But they are innovating in the Gillette section there And you know they're bringing in new products, which will help the company over time But this is one that I got in with intentions of Swing trading it so I got in this morning at about a hundred and three dollars and 80 cents and we ended up selling off even more from where I got in and I wanted to see towards the end of the day If we were going to get a green candlestick here on the 184 hour chart We ended up getting that green candlestick on the support level here of the 180 SMA Which honestly gave me incentive to put to put more money into Procter and gamble So I'm in this one with about 75 shares right now And this is one that I do plan on swing trading and what I am planning or where rather I'm planning on selling it is About a hundred and seven dollars right now that is where I do have my limit order And this is a company guys typically these these blue chip companies the quote-unquote safer companies out there These are ones that you know I I like swing trading them especially when we see a big dip because typically not always guys Especially if there's bad news around it, but typically they do end up recovering And I do think that Procter and gamble will recover because their earnings were not catastrophic whatsoever Right they be on those metrics that I talk I talk to you guys about but again The Gillette section is where in my opinion that brought you know down the price and that's no big deal Right, that's probably going to blow over and the stock's gonna pop back up here So I'm in roughly at about 103 20 right now 103 40 Roughly, that's my average cost I believe on Procter and gamble and if we go from where I'm in right now up to the previous resistance around 107 That offers about 4% and if we continue this uptrend trend, which could possibly happen, right? I can grasp up upwards of 5% 4.55% on this swing trade that I am planning on holding most likely for about 3-4 weeks as and if Procter and gamble does end up recover But let's say it doesn't go my way which again there's a chance right because in the stock market You can't predict everything if we break this 180 SMA support That is where I am most likely going to exit my position with a loss, right? So I'm just really um You know just keeping an eye on this one if we continue the uptrend I'm going to add some more money into Procter and gamble But as of now that is what I'm doing with PG and when I'm swing trading guys I always enter with a smaller amount of my goal position, right? So in this one I entered with about 30% 40% of my goal position And I want to add more in the 105 range. That is also a goal here on Procter and Gamble, so I'm going to pull up the main chat right now in our discord group chat And we're going to take a look at some of the earnings reports that are coming out tomorrow And that's pretty much it for the trading update today guys just to wrap that part of the video up Just Apple Procter and Gamble. That's all I'm really dealing with right now But in terms of earnings today, you can see we had Procter and Gamble Verizon Twitter snapchat snapchats actually up a lot here after hours We have eBay TD Ameritrade tomorrow is actually one of the bigger days We have Boeing Facebook Microsoft AT&T for massive companies there We have the highly anticipated Tesla stock tomorrow guys visa paypal Chipotle These are seven companies that are just absolutely Massive companies and they have you know a lot of a lot of weight on the overall stock market, right? So that is what I'm watching in terms of earnings for tomorrow. We can see here on Thursday We have Altria, which is a stock that I'm currently in and in my long-term portfolio We have Southwest Intel the big beast Amazon UPS Nokia 3m Comcast a lot of these massive companies and on Friday American Airlines Exxon Chevron Sony guys We have you know ADM CP not really familiar with a bunch of these companies But I'm sure you guys are a bunch of just big big big names coming up here in terms of Earnings guys, so let's just hop over here Back to the think or swim and let's get into what I'm watching for the rest of this week and heading on to the month of May guys Because May is creeping up right around the corner So Procter and Gamble is definitely the number one stock that I'm watching already covered it not going to cover it again But that is one that I am watching here Facebook, especially since they are reporting earnings tomorrow This is one that's on the top of my watch list as well We can see we're approaching that 185 resistance level. What are we going to do at this point? What are the earnings going to look like? It's going to fluctuate the stock very very Heavily guys in my personal opinion if we pop out of this resistance on 185 this could be a huge signal to go along on Facebook and if from a technical perspective And if the earnings aligned with that that could be a very big move there as well Let's say we pull back and retest the 180 level We get the earnings and it doesn't budge, but the earnings are still pretty decent This could also be an a point of entry in terms of Excuse me in terms of Facebook about the but at the close today Did very well right $2 and 34 cents in the green up 1.29% Let me pull up my phone very quickly because I did put notes on my phone on a couple stacks I want to talk about so Procter and Gamble We talked about that one Roku. That's one Roku guys ticker symbol R. O. K. Oh, this is one That's breaking out of this 50 simple moving average resistance that we do see here on the 180 For our chart if we're hopping on this 20 day one-hour chart We ended up breaking the 180 SMA resistance there as well and the 50 simple moving average Resistance, which is a very good sign that we are breaking out in terms of Roku Roku stock was actually upgraded by an analyst here So this is definitely a positive catalyst. That's moved at 10% in the past two days, but now guys What I was talking about in the group is I wanted to see a break above 60 ish dollars We got that break and now I just want to see a potential pullback a retest at around 60 and a continuation of the push to fill the channel up to 6566 which is the next resistance before I do end up taking a position But Roku is looking very very solid as of right now Snapchat guys. This is one that's going Ape bananas right now. I don't want to say the S word so I don't get demonetized here on YouTube but you guys know what that word is so Snapchat SNAP guys take a look at this one It was up about 70 cents after market hours here It's a positive catalyst on the earnings report because I briefly read it. They ended up doing Pretty decent there. They were expecting a loss I believe but the loss was ended up ended up being smaller than expected which did pop up the stock, right? So in terms of Snapchat here, we've seen a pretty solid reversal over the past couple of months We're maintaining that 50s and a so tomorrow Let's see are we going to trend back up to the mid 12s right 1250 level and if we break that resistance at 1250 We could potentially continue the uptrend, but take a look at this. What the heck 1369 is that where we ended up getting to? Oh my god. Wow guys. This is the first time. I'm actually seeing this From 1198 up to 1369. Holy crap That's like a 12% move in the blink of an eye there and it's really cooled off a bit So this just gives it honestly a margin of profit where we could end up refilling back up to the 13 dollar level We probably won't get there tomorrow because that's just a very You know quick reaction to the earnings. I don't know if it's going to pop up that much But who knows guys? I'm going to be keeping an eye on it for again the push to the 1250s Up or upper 12 upper 12 maybe 1270, you know, this can happen tomorrow with the volatility from the earnings report This could be a good day trade to be completely frank with you all and I am going to be watching it tomorrow ticker symbol SNAP the infamous Tesla guys, that's the next one. I want to talk about here They are reporting earnings as well and in terms of a technical basis here Tesla ended up holding the 253 255 ish level of support here in today's trading session I do believe it sold off all the way to that level. Yup It's sold off all the way to 255 bounced right off of that ended up breaking their resistance at 262 We bounced on it as a new support ended up closing the day at around 264 dollars per share So Tesla is one of those that I'm pretty positive guys again. No one really knows, but I'm pretty sure Tesla's going to move a lot to the upside or a lot to the downside tomorrow after their earnings report So this is one that let's say they blow earnings out of the park Which a lot of people aren't expecting that a lot of people are expecting Tesla's earnings to be bad Let's say they blow it out of the park and we end up breaking out of these SMA resistance levels that have been resistance levels the 50 and the 180 here over the past couple of months, you know This could be a very bullish move on Tesla on a technical basis And that would be a sign in my eyes to hop into it as a swing trade Especially the guidance is positive and especially if you know the earnings reports positive, right? But again, a lot of people aren't expecting that and it can really move either way But Tesla is on my watch list guys. It should be a fun fun day tomorrow Let's see some other ones. I'm forgetting now off the top of my head So just keep an eye, you know, Microsoft is at all-time highs right now, right? We see Tesla You know, that's going to be crazy. Like we said visa and PayPal keep an eye on those two Those are larger cap stocks that couldn't move up or down, right? Let's take a look at them really quickly, right? Visa is ticker symbol V, you know, this one's already at an all-time high So I'm most likely not going to be playing that unless we do dip on earnings Maybe for a potential dip buy on visa PayPal. Let's take a look at this one. This was kind of decent, right? Let's say we pull back a bit more on earnings and we slowly start to scoop back up on a positive earnings report Let's say the guidance is decent, but we get a pullback something like a proctor and gamble move here You know PayPal could be a good entry for a swing But we have to see what those earnings are like. They're tomorrow Aftermarket hours on the 24th of April, so I'm going to end off the video here guys just a couple of stocks I hope you guys really watch these they're going to be volatile tomorrow PayPal visa Tesla, you know, Facebook Microsoft You know Chipotle all these different stocks. They're going to be fun to watch tomorrow I sure am watching them as well as Apple, you know proctor and gamble These are just a couple that I'm watching tomorrow So if you enjoyed this video, feel free to go down below and hit that like button guys It really again supports me and supports the channel and I really do appreciate if you guys do that And if you're new to the channel, feel free to subscribe if you want to see daily content like this market updates trading updates stock news Earnings reports that would be great if you were to subscribe and keep up with the content and keep up with the community And I actually made a video yesterday Talking about a warning and really why you should be cautious on trading during earnings So go check out that video. It's going to be up here You know in the recommended or whatever it's called you guys will see it go check out that video if you are interested And again, I really do appreciate all of you guys watching. I'll catch you all in the next video. Peace out