 What is going on everybody Astos 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 a couple of trades that I made today on the 20th of February in 2019 As well as taking a look at some other stocks and ETFs that did well today And that I honestly see value in for these next couple of days So for everybody out there that finds value in these videos you enjoy the content here on YouTube Feel free to go down below and hit that like button It really does help the channel grow and it supports me in general and I do appreciate you guys So much for supporting the channel watching these videos hitting the like button. It's just been great guys I really do appreciate you all so let's talk about you know What happened today in the overall market here starting off with the SPX Then we're going to talk about the Nasdaq and then the Dow Jones So guys today was nothing much more than just a consolidation day, right? We can see here on the SPX, you know up barely anything up around 0.2% up around $5 at the close really struggling to get above that resistance at around 2790 2785 that we've been talking about over these past couple of videos the the Dow Jones ended up closing Up around 0.25% up around $63 on the day pretty decent day compared to the SPX You know in the Dow Jones and the Nasdaq here guys, you know This one was up around $3.25 not much at all up around 0.05% today And we can clearly see guys the strong strong resistance here on the Nasdaq that it's struggling to get above You know over these past couple of trading days at around $7100 So let's hop back here to the SPX guys Let's talk about some quick technicals here on some different time frames so we can get a better understanding of where we could be potentially headed over these next couple of days in the SPX and then we'll do that for the Dow Jones and the Nasdaq as well So we've been talking about these two main resistances that we see here I mentioned it about a minute ago in this video first one being at around 2785 2790 with the second one being at around 2800 and $15 here and we can see guys, you know these past two three trading days We've noticed that it's been pretty flat in the overall market Especially in the SPX and we can see that a bit closer here on this 30-day 90-minute chart as well as this channel That we've been trading in in the SPX over these past couple of weeks, right? We see the resistance the support we talk about this in pretty much every single video And what else do we notice here guys? We notice those two straight days pretty much of resistance at around 2785 which is at the top of this channel where we could potentially get rejected and go to the downside here and it's also Right under that resistance that we've been talking about So where do I potentially see the SPX moving over these next couple of days? Well based on these technicals guys You know, we're clearly seeing a strong resistance Which in my eyes is waiting and you know gearing up for a pullback to the downside to the support level of this channel Which would put you know the candlesticks here on the SPX right by that 50 SMA simple moving average Support as well and we also see here, you know this what do we see here with the RSI? This is showing that it's extremely overbought right now, right meaning, you know This could be a potential sign that we're pulling back in the SPX, but we don't always just use One indicator here to make our decisions But we have several indications here one being the RSI two being we're at the top of the channel and Three being we're also by that resistance that we've been talking about so guys based on the technicals I could see a pullback here in the SPX and you know in the five-minute chart We see higher highs higher lows all that jazz You know the uptrend is still intact and if we break below This support guys and this 50 SMA support as well and start heading to the downside and break this channel That's going to be a step in you know the bearish direction And we could be selling off further from there if we do get those key technical breaks So that's what I'm looking at in terms of the SPX guys, you know nothing crazy pretty boring But we are still uptrending with Anticipation of whether or not we're gonna break above this level and test all-time highs Or are we gonna get rejected and slowly start to pull back which in my personal opinion, you know Based off this channel. That's most likely what is going to happen based off of my opinion and again Do your own research don't judge anything based off of my opinion guys Literally, this is not the way to be a good trader, you know analysts, you know Technical analysts, whatever you guys want to call it investor. You have to do your own research It's super important. So based on the Dow Jones here We're out of that first resistance as opposed to the SPX where we're still under it But there is another major resistance here that we have to keep an eye on at about 26,200 and based off these technicals guys that I am seeing here We are trading between this old Resistance which is now a new support and this resistance that we've yet to break above, right? So this gap here could be potentially filled based on the Dow Jones But just like the SPX guys We're nearing the top of this channel not nearly as close to the top as the SPX But we are at the higher high portion of you know this uptrend the RSI is a bit overbought But you know this could run a bit more But I also would not be surprised if we do pull back But the fact that we're trading in the middle of this channel does give me some reason to believe that We might have another green day or two in the Dow Jones as opposed to the SPX Which you know is more likely to pull back in my personal opinion Let me know down below in the comment section. What do you guys think? But me personally, you know, this could be another green day before we slowly start to pull back and just like the SPX We're trading in this channel. We've talked about that a lot with not much indication that we are pulling back quite yet So that's what I'm looking at in terms of the Dow Jones guys again Nothing crazy today pretty boring of a day in terms of the major indices There was more action in these inverse ETFs that we're going to be talking about here in a couple of minutes So stay tuned to that but in the NASDAQ here guys the NASDAQ composite again, like we said up three dollars pretty much no movement We're still trading below that resistance at around 7100 and if we successfully break out of here Which could happen guys with another strong green day would probably break out of it If we did have another strong green day and especially if the tech stocks did very well We're going to be trading between the 7100 level and the 7250 level if we do successfully Break above here and continue the uptrend pattern But as of right now guys if we can hop to this closer term chart We can kind of see we're trading between this old resistance from about 2 slash 13 about a week ago And this resistance here at about 7100 so this is very small window if we can go back here to the 180 We can zoom in a bit and see easier this very small window here from 70 60 to 7100 is pretty much where these candlesticks are trapped right now, right? It's very evident we see that and it's going to be interesting Are we going to squeeze to the upside here or we're going to sell off and potentially pull back break that 50 SMA and start You know a downward trending pattern here and the NASDAQ in the next couple of days I'm very interested to you know pretty much see this and notice that out of the three major Indices here the NASDAQ's RSI is in the middle more than the other two right? We can see the Dow was way more overbought It's at 72 while the NASDAQ was around 50 and the SPX is at around 72 as well So in terms of these longer term charts here guys the RSI the relative strength index is more overbought on the SPX and the Dow then it is compared to the you know the NASDAQ so that gives me a reason to believe that we could potentially Pump up tomorrow in terms of the NASDAQ so we'll see you guys time will tell and I'm excited to see what does end up happening What do you guys think again? Let me know down below in the comment section. What do you guys think? So let's talk about what I ended up trading today on the 20th of February There was a decent amount of movement today, you know in my day slash swing trading portfolio this morning I made a day trade in UWT which is an oil based or a crude oil based ETF and whenever crude oil goes up in price UWT is going up in price as well and for those of you guys that have been paying attention to the markets today on the 20th you saw that crude oil went absolutely bananas, right? It went ballistic this morning at around 9 10 a.m. Eastern Standard Time It was at around 56 dollars and in the matter of what was it like two three hours It shot all the way up to around 57 60 so that was a move of around 3% You know in the crude oil, you know future here And we know that these leveraged ETFs that we trade their 3x leveraged ETFs meaning they move three times as fast as They're underlying asset which in UWT's case is crude oil So we can see up 9% at one point or 3% rather and that means you know the correlation there means UWT should be up around 8% from that movement right roughly 8 9% and we'll see it right here, right? We can see from 15 20 up to around 16 dollars. It was around 6 7% and again They're not exactly, you know on point with the 3x meaning It's not going to be like a 3x or a 3% move and crude oil means exactly a 9% move in UWT, but they're roughly in the same ballpark if that makes sense, right or it's like a ballpark number meaning It's not exactly three times, but it's around there So we can see we're roughly a six seven percent move in UWT from this pump and honestly guys This was a quick in and out day trade You know scalp trade for me literally got about 1.5 percent because I wasn't trying to hold it too long because by the time I actually got in we were a bit overbought here But I was just trying to run with the momentum and I got out actually before this big surge from around 1560 although we up to 16 19 where you know if I held my shares a bit longer guys I probably would have made double triple of what I did make but again, you know profits profit Green in the stock market in my opinion whether it's point one percent, you know one percent ten percent is good guys Whatever you're doing as long as you're consistently green. That is the whole entire goal here But me pretty much guys, you know, I got in at around 955 or something like that 10 o'clock ended up running up around 1% here 1.5 percent rather in terms of you know, UWT and this was nothing more than just me trying to Ride the momentum here in crude oil We saw the big pump and typically whenever we see, you know natural gas crude oil these futures They pump, you know, they end up, you know running for 30 minutes an hour Not always but you know typically if you do end up trading these with a tight stop loss And if you're in the green you're using a trailing stop loss, you know, this could end up Serving you well if the future does end up, you know running up with the momentum which in this case That's exactly what ended up doing, you know happening with crude oil meaning UWT did absolutely amazing, right? So I got 1.5 percent here on UWT right from around 10 o'clock, right? We can see it here up to around, you know, 1560 ended up getting out was about 1.5 percent quick little 30 minute. What was it like 30 minutes? Yeah, 30 minutes to 45 minutes and a quick little trade there and Mine second trade guys for those of you that have not watched my three swing trade, you know Three stocks. I'm looking to swing trade video from a couple of videos back my second trade was actually adding more money into Microsoft right and Microsoft, you know That was one of the stocks that I talked about in that video as well as adding money into Caterpillar today guys Caterpillar is another one that I talked about in that video and we saw it Absolutely surged today, right? It was up around 3% today up around $4 and 50 cents And if you guys recall in my video, I was talking about how I wanted to see a break above this old Resistance at around what was it like 137 130? Yeah, right around 137 I wanted to see a break above there to get into Caterpillar and well guys we smashed through that You know resistance today Obviously, we can see the share price at $140. I set my buy order at around 130 8 0 5 I believe and I'm in at around 130 8 0 5 right now with an initial position with plans on swinging it And if we do break 142 guys, I plan on adding more money right around there But as of right now I do plan on waiting for a potential pullback to the downside before we do end up You know popping above this 142 level because we do see it's a bit overbought here So I don't want to just add more shares here with it being overbought and us You know being in a situation where we could end up pulling back and you know That wouldn't be a good spot to buy in if we do end up pulling back right guys So, you know, I always scale to my position. I talk about that all the time So I'm in right now with about a 10 15% go You know of my goal position in Caterpillar I was already in Microsoft, right? We talked about that in yesterday's video I was already in Microsoft from the morning of yesterday And I was actually a bit red on this trade today because we saw a bit of a pullback on Microsoft From around the close at about 108 down to about 106 today But I actually ended up buying more shares because we bounced on this very critical support here on the 50s So made today. So I bought a little bit more down here and for those of you guys that don't recall that Don't recall I was in from yesterday You know on this initial dip from the close on what was that? Was today to the wednesday on not on monday because we were closed on friday We ended up closing here. We pulled back. I got in right around here We popped up ended up opening the day today on a pretty big pullback So I was decently read I did not cut my losses because I wanted to see If we were going to break that resistance or support rather on this longer-term chart We didn't so I ended up adding more shares here due to us holding this pattern, right? If we were to break this I was I was going to cut my losses guys I'd be completely honest with you But we didn't we bounced on top and that's why I ended up adding more shares into this And I do plan on holding this one. Let's see that resistance level You know the plan is for us to fill the gap back up to 110 I averaged down so that is the goal You know sell point right now and of course if we break above there You know, I might end up holding through there But honestly guys the first sell spot is at around 110 111 for Microsoft so that's what I pretty much did today in terms of my trading added more to Microsoft You know, uh, what was it added more or simply started a position in caterpillar And I'm still holding j and j did not add more into that one quite yet And j and j is the third one that I talked about in that swing trading video We did pretty well today guys up 66 cents up around 0.5 percent But I want to see the break above 136 and for the continuation of this before adding more money, right? Well, honestly, we are continuing the uptrend right now because this could be categorized as the higher low in the pattern from the previous But now I want to see a break above 136 137 Where that would be the continuation of the uptrend would be pushing to a higher high and that would be a spot Well, actually once we break that would be a spot in my opinion Again, my personal opinion for me to add more money, you know into Johnson and Johnson So that's pretty much the run up, you know the recap on what I'm doing right now with my trades You know mostly swing more of, you know swing trades right now You know then day trades guys since the market has been, you know pretty green recently We've been seeing the continuation of the uptrend I've been, you know swing trading dabbling more with swing trades here And for all you guys that have been following me for a couple of months now, you know, we were trading, you know During that big sell-off in the beginning of october. I was virtually doing no swing trades, right? It was mostly day trades day trades day trades day trades because the market was on the decline But now that the market based on technicals for now is continuing to push up I feel a bit more comfortable, you know riding this momentum up, you know with these, you know Swing trades that i'm personally in here And I know, you know the market could downturn tomorrow and all of these swing trades can go red That could happen guys. We don't know and in that case, of course I have stop losses set and nothing will, you know, I'll lose money But it wouldn't be too big of a deal and you know, if I didn't have stop losses, of course I'd get, you know, pretty much burned there. I'd probably lose five six percent if we did have a strong red day But that's the importance of stop losses. So Let's talk about some that, you know, some stocks ETF today that did very well that I personally see some potential in I'm going to continue to keep my eyes on uwt, of course This one's been very hot. This is the one I day traded today and it's continuing the uptrend So I want to see a pullback a bit on uwt tomorrow before potentially day trading it again guys This could be a solid day trade for tomorrow Another one that's been hot guys has been jnug ticker symbol uh jnug This is a gold based ETF. We saw gold do absolutely amazing yesterday Jnug had a 13 percent day and this one's looking like it's gearing for a pullback, right? We can see the rsi was at 86, you know, I think that was yesterday We had a pretty good pullback today. Let me see the one day one minute on this Let's see what happened today on a closer basis. Okay, we can see we actually shot up all the way at 13 70 And this could be the start of the pullback, right? This is the higher high here and this is a lower high from the previous Which is the first indication that we could potentially be headed down So tomorrow if we pull back maybe into the 12 50s 12 dollar range I think this one could be a potential You know day trade for a pushback up because the margin of profit has been open So another one that you know fell pretty drastically today I think we were talking or you guys were talking about this. What are we talking about this this morning cvs? but anyway cvs Fell down pretty drastically today. We can see it fell from 71 dollars all the way to 63 dollars So i'm keeping an eye on this one guys on the support right now at about 63 dollars Are we going to hold this support and potentially slowly start to fill the gap back up? That is exactly what i'm waiting for here on cvs And this is another one of those earnings plays like sony that I was looking at a couple of weeks ago And like ea sports where the stock fell heavily after earnings and we're looking for it You know fill the gap back up to the upside so we could potentially profit right and for those of you guys that don't remember Ea this one, you know tanked after earnings filled the gap very nicely and then some and honestly This one's pulling back and holding that 50 sma This could be a nice potential trade entry point right here up back to the resistance at about 106 That does offer some profit there and s and e was another one But this one is actually slowly filling the gap right now Right, it's slowly filling the gap over the past couple of days And if you were to buy at the low here after earnings, you'd be up around 9% right now So, you know, we thought we saw the drop and now we're seeing the slow gap fills So we want to see if cvs is going to do something similar to that I'm going to be very interested there and another stock i'm watching is billy ticker symbol b i l i And this one is holding this 50 sma here I would love to see a break out of the 18 level or 1850 level rather to see if we can run back up and test 1950 So keep an eye on this gap if you are watching billy I'm personally watching this myself if we break this resistance tomorrow from back at the end of january beginning of february We could be potentially filling this gap back up to 1950 and guys that offers a strong strong 5% You know margin there for profit So those are a couple i'm watching guys mostly uwt, jnug, cvs and billy I'm also going to be watching potentially tqqq if the market continues to push up Let's say we have a green day tomorrow, you know, let's say we push up heavily This could be a potential play tomorrow and of course the opposite Let's say we do end up pulling back heavily tvix could be a play there tomorrow So that is what i'm doing guys in terms of my trades. That's what i'm watching Let me know down below in the comment section. What are you watching? How was your trading day today? I would love to know so if you guys enjoyed this video Feel free to hit that like button Leave a comment again, like I said and subscribe to the channel if you're new and hit that notification bell So you get notified every time that I make a video and I make videos every single day on market updates News in the market right what i'm doing in terms of my trading and there's some personal finance videos sprinkled in here Some entrepreneurship stuff like that. So if you're interested subscribe And again for all you daily supporters, I appreciate you guys have the fullest more than you'll know I'll catch you all in the next video. Peace out