 What is going on everybody is Stas here welcome back some other videos so in this video We're gonna be doing an overall market update looking at the Dow Jones the S&P 500 and the Nasdaq We're also going to be taking a look at some other stocks need TFs that I'm personally watching and looking to trade for the rest of this week and heading off for the rest of March in 2019 and we're also going to be talking about whether or not I traded today You saw the title of the video did I trade today? I didn't trade today. We're gonna be talking about that in today's video before we do get into these topics guys 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 support the channel and support to me in general And if you're new to the channel and you want to stay connected with our community There are two links down below in the description box one being the discord group chat and the other one being the Facebook group Both of those are 100% free and I guarantee you guys you'll find valuable information in there The discord group chat has about 600 people right now 650 something like that I haven't counted up the people in a while, but there's a lot of valuable information there about trading investing stocks News strategies and all of the stuff that we're talking about and discussing here on my YouTube channel So without further ado guys, let's talk about and go over here What is going on in the overall markets? And we do have about 45 minutes left in the market at the time that I'm recording this video So we're gonna be able to see some live market action so as of right now The SPX the S&P 500 index the 500 largest publicly traded US companies is up about nine dollars and thirty cents up about point three three Percent the Dow Jones industrial average guys is actually down a bit today down about point three Percent down about eighty five dollars right now with about forty five minutes left and the Nasdaq had a pretty solid day Is having a pretty solid day so far today up about point five percent up about nearly forty dollars on The day so let's go back over here to the SPX the S&P 500 So we can draw out some resistance points and we can talk about where we are potentially headed in this index So we all know by now, especially those of you guys have been following my channel for a while I do these market updates market breakdowns every single day throughout the week that there are resistance points in the SPX from back in the middle or really the beginning of November and 2018 The beginning or rather the middle of October and the end of November These are points of resistance because we clearly topped off at these points a couple of months back And we sold off from there making them resistance levels that we need to break out of in order to test The all-time highs which in this case for the S&P is at around 2940 right? We can see here in the beginning of October That's where we ended up topping off and we notice now that this level and again We've been talking about this pretty much every single video over the past couple of weeks and months here this point at 2790 and this point at 2815 They are very strong resistance levels at the SPX has been struggling to get above and if we take a look here on The 20-day one-hour chart we can see you know how difficult it's been for this index to break out You know we saw some difficulty breaking above that first resistance We finally broke above it here, and then we got rejected twice the double top that we talked about a couple of videos ago You know at the next resistance, which is at about 2815 and then from there We saw that 3% retracement last week roughly. I believe yet 3.2% From about 2815 down to about 2722 and of course you guys saw yesterday the market absolutely killed it And today we're seeing a bit of a slowdown, right? We're not as heavily green as we were yesterday I believe the SPX was up like, you know, maybe 1.5% yesterday and today even towards the end of the market here We're selling off, you know the SPX right now is up $7. So it's slowly climbing down really telling me That this level right here is still intact as a resistance really this whole area from about 2790 to 2815 that is an area where we're having difficulties, you know getting out of so guys if we take a look back here at the 184 hour chart we notice a red candlestick starting to form here close to the end of the market I'm sure this is probably the latter half of the day that we've been falling down here or really just Consolidating strong and slowly starting to fall down. We can see at about 215 p.m Eastern standard about an hour ago. That is when we started to fall down in terms of the SPX We broke the 180 SMA support here the 50 SMA support and now we're seeing the 50 SMA crossing below the 180 SMA Which we know on every single time frame or rather on any time frame We look at and we see this crossover of the 50 SMA below the 180 SMA That is a bearish crossover right and we're noticing how quickly these candlesticks are falling right now We can literally see it's six dollars and falling and my guest guys towards the end of this video We're probably going to be heading towards the break-even point in terms of the SPX And we'll hop back here and about 10 15 minutes before we wrap up to see where we currently are or where we are in About 10 15 minutes in terms of the SPX now, let's take a look at this five Day five minute chart. We noticed the big pop-up like we talked about yesterday and today Was really a slow down for the first half of the day really for the first couple of hours of today's trading session It was looking like we were holding that 29 or 2790 level as a Support level like we did a couple of weeks back, you know right here, right? We noticed we held the level of support a couple of days here and now it's looking like we're doing that again Which you know the latter half of the day is showing that we could potentially break below this level Which is not going to be too good of a sign for the SPX and of course We're going to see you know in the next 40 minutes where we're going to end up closing So overall guys, what am I waiting for? What am I watching for here in the SPX? I want to see are we going to end up holding this heading into the close with the market at 2790 level Or are we going to start to pull back to test the 50 SMA support? Or maybe even this trend line that I do have drawn out here Are we going to start to sell off towards that maybe tomorrow the next day? These are things i'm watching if we do end up breaking into the 2780 level Maybe the mid 2780 maybe back into the 2770 level in terms of the SPX So we noticed you know the two strong days really that one Strong day yesterday really brought the SPX high You know in my opinion We need to see a little bit of a pullback here to bring the RSI down a bit and really to make You know a better potential buying opportunity and some larger cap stocks as swing trades That is what i'm personally looking at right now I do think we might be pulling back you know heading to the end of the market here and maybe potentially You know heading into tomorrow. So the SPX right now It's looking a bit flat guys up nearly 0.2 percent Nothing crazy and the Dow Jones is dropping pretty heavily right here So notice the difference in the Dow Jones and the SPX. Let me quickly go back here the 50 SMA on the SPX Has been broken above on the 184 hour chart and the main difference here is the Dow Jones Has yet to break above the 50 SMA. It's actually acting as a resistance And today's pullback and the continuous pullback heading into the close of the market here We're seeing it's dropping pretty heavily right now This is you know confirming really that this is a strong resistance And we could potentially be heading more down in terms of the Dow Jones And i'm sure a lot of you guys already know by now Boeing stock is a heavily weighted stock in the Dow Jones index and they had Another plane crash a couple of days ago a 737 went down in Ethiopia Which is actually the second Boeing plane that has crashed in a six month window and we saw Boeing stock tanked right tank yesterday It ended up having a nice run up back to 400 dollars But today we ended up tanking again down about almost 6.5 7 percent Down about 25 dollars right now in Boeing stock And this is having a huge weight You know on the overall Dow Jones, which is why the Dow is actually the only red You know index out of the three that we follow on this channel So tomorrow, what am I going to be waiting for guys in terms of the Dow Jones? Well, I'm going to be waiting for a couple of things here Are we going to head down in price? Which is going to be determined by the break of this trend line that I've drawn here and the continuous rejection Of that 50 sma or are we going to have a recovery day tomorrow? Meaning are we going to push up green to break out of the 50 sma resistance here and to potentially test the next resistance? Which in this case is going to be at around 25,800 which was a resistance from back in the beginning of december We obviously sold off from about 25,800 all the way down to 21 700 We all remember the bloody bloody december that we had and you know when we sold off from here Obviously that made this point a new resistance level and we haven't really fully broken out of that or broken out of that Since we broke out of it a couple of weeks ago here in uh, February of 2019 So i'm going to be waiting for You know a potential pop above the 50 sma and a pop above that resistance to continue the uptrend pattern or A potential push to the downside here Which is actually going to be forming that head and shoulders pattern that we've been talking about over the past couple of videos Do you guys remember when i was talking about how the dow Jones and the spx with the spx now The head and shoulder pattern is kind of out of the question because we had a decent green day today Well so far at least but the dow Jones if we end up selling off here That's going to be a head and shoulders pattern the left shoulder the head and then the right shoulder would be right here If we do end up selling off tomorrow breaking this Trendline but as of right now guys at the time that i'm recording this video on a technical or a technically speaking basis We are still on that uptrend pattern. We're still holding higher highs higher lows This is the higher high here and the higher low it has been made at about 25 200 Which is a higher low from about 25 000 which really on a technical basis guys You know that indicates that we're still on that uptrend But the huge break of pattern here would be if we do end up breaking down Breaking this trend line forming that head and shoulders pattern and honestly breaking that 25 000 flat level That's going to be a huge reversal to the downside and from there. We could see some action You know more bearish action here and we could continue to sell off in terms of the dow Jones so that is what i'm looking at really guys is going to be some critical movement tomorrow Which is going to determine are we pushing up or we pushing down? So keep an eye on those points that i talked about and now the nasdaq composite guys We all know the tech stocks, especially apple and facebook have been doing absolutely amazing over these past couple of days Apple is back into the 180s today guys. I believe it hit like 182 or something Let's take a look here about 183 182 And we all know the nasdaq is a tech heavy index meaning whenever the tech stocks are doing well You can probably guess that the nasdaq is doing well as well And that's why we saw a huge day in the nasdaq yesterday and we're seeing a pretty solid day today You know in terms of the nasdaq as well So we talked about the levels the critical levels that we saw you know over the past couple of videos one being The bounce on the 180s ma support here, which was a higher low from the previous meaning the uptrend is still intact We saw the huge day yesterday. Like I said, we broke above the 50s ma We broke above the resistance at about 70 100 today We actually ended up breaking above the resistance that we didn't break above until today Which was at about 70 200. So right now You know the fact that we broke this level here And if I zoom in a bit, you can probably see it a little bit easier The fact that we broke this resistance here from back in this was I believe march 3rd 2019 We peaked at this level now We're looking to hold this level as a new support to potentially fill up to the next resistance Which in this case we talked about it yesterday is from The resistance at about from the beginning are the middle rather of october and 2018 at about 7,300 and 75 dollars So this could be a potential move here in the nasdaq if we do end up holding this level and slowly start To pop back up right we can fill from about 7,200 back up to around 73 60 Maybe 7400 dollars and if the tech stocks like apple, facebook, amazon, google Some of the ones that have been doing very well recently if they continue to push up if they continue to see Some green days, you know the nasdaq very well could pop back up to about 7,300 bucks So that is what i'm looking at guys in terms of the major markets and let's just look For fun. How far are we away from all-time highs not saying that we're going to get to all-time highs again? Just for fun. Let's take a look to see how far are we Hypothetically if we do end up pushing to the all-time highs How much or how many points on an end of percentage basis do we have to hit in order to get there? So in terms of the nasdaq we need to hit about 6 percent more green as well as what is that like 460 points before we do get to that all-time high at about 77 28 So about 6 percent there the dow Jones. Let's take a look at the dow Jones I believe the dow Jones Is it closer? Let me take a look here because i actually haven't done this myself in a couple of weeks here The dow Jones. Yep. It's a bit closer. It needs about 4.86 percent another 1300 points before we are at those all-time high levels and the spx Let's take a look and see how far, uh, you know, how much more this one needs from where we are right now roughly About 4.6 percent about another 138 ish points before we do get to those all-time highs So that does make sense guys because the october sell-off that we saw through november and december The nasdaq actually got hit the hardest out of all of the three major indices that we talk about on this channel so That's what i'm looking at here guys in terms of the major markets drop a comment down below Let me know what you guys think where are we headed is this going to be another You know resistance points for the spx or we're going to be selling off here over the next couple of days I would love to know what you guys think go down below drop that comment and let me know So let's talk about now a couple of stocks. Actually, no, let's not talk about that Let's talk about whether or not i traded today and the answer is no guys I did not end up trading today It was just one of those days where I didn't see any opportunities out there And we all know or at least the ones that the people that have been watching the channel for a while When I don't see opportunities out there in the stock market from the stocks that i've been watching I don't force any entries. I don't force any trades, right? I wait to see when the opportunities open up and that is when I capitalize on Opportunity so out of the stocks that I was really watching I didn't really see anything that caught my attention that you know was screaming trade me trade me trade me, right? And I just sat back. I did my analysis I was in the group chat throughout the day, right and I was just breaking down stocks And just really just watching the entire market today on the sideline I didn't want to force anything because I didn't really see anything that I liked So that's just really the answer to the question. Did I trade today guys? I didn't trade today guys. I'm being a hundred percent honest with you I could lie and be like, yeah, I traded, uh, you know this stock for whatever, right? But I'm just being completely honest with you guys I did not end up trading today Which is going to lead me to the next segment of today's video What stocks am I watching for tomorrow and really what stocks have been on my radar Starting off here with tesla guys teslas one that I actually want to point out to you guys here today And tesla could potentially be you know continuing the downtrend pattern today guys It really didn't go the way that I was planning on tesla going Which if you guys watched my video yesterday the three stocks I'm planning on swing trading in march This was one of them guys tesla and I was saying in that video if we do end up breaking the 50 sma You know, that's where I would want to take a position in tesla And we did not guys. We did not break that resistance point. We got rejected pretty hard today Teslas down nearly three percent on the day and another thing I was talking about in that video Was it the five day five minute? I forget what time frame was I looking at here? Was it the five day 15 minute? Actually, it might have been this one. I was talking about in yesterday's video I was talking about how if we were to pull back I think and hold above the 50 sma heading into today that would be a good sign to get in But if we broke that, you know, that would be a break of pattern or was it the break on the 180 sma I forget what I did say in yesterday's video, but I do believe it was a break Actually, no, it was a break of the 180 sma here on the five day 15 minute chart If we did see that that would be a sign that I'm not trading tesla We're still technically holding that level. I guess you can say which could open up an opportunity tomorrow But in terms of tomorrow, I would love to see a break back You know until the into the mid 280s before even trading tesla But back to that 184 hour chart here guys the fact that we're you know getting rejected here We're pushing down strongly and if we take a look here on the 20 day, let's see if it broke the pattern on the 20 day It slowly is breaking the pattern here on the 20 day with the slow break below the 50 sma If it gets back into the 270s guys really the moral of the story on tesla If it gets back into the 270s That's not going to be a good sign because that's going to be a break of pattern here on the 20 day one hour chart It's going to be a break of pattern on the five day five minute chart And it's honestly already a break of pattern You know on the 184 hour chart due to the strong rejection on this You know 50 sma on the 184 hour chart So tomorrow, you know, we're going to probably be testing that 280 level the 280 support And you know, that's just really what i'm going to be waiting for guys I really want to see a confirmation of a continuous push here although we did get rejected You know tesla's in a very iffy spot and honestly, i'm a little bit Too scared trade tesla right now to be completely honest with you guys I'm probably going to be on the sideline, you know for this particular stock But I always always love you know watching tesla and talking about it here, you know on this channel So another one that i'm watching guys is apple I know I talked about it earlier in this video apple did absolutely amazing today and really it's been going according to our plan You know from that video that I uploaded on sunday for those of you guys who watch that video I was talking about how if apple were to break 175 which it did this week clearly This could be a runner back up to about 185 offering it a nice Let's see. I think it was a 5% Yep 5% margin of profit and we can see right now apple has done just that right We broke the 175 level we're pushing up now in the in the 180 level Now all I would want to see before trading apple because I did not trade apple But it is in my long-term portfolio. So either way, I'm you know making money on apple here You know, but for the swing trading portfolio What I would want to trade it or uh, what would make me want to trade it now Is to see a bit of a pull back here maybe back to 178 Maybe 177 for the r-sided drop a bit because we do see it's a bit overbought here Which is a little worrisome for me to hop in right now because the risk-reward ratio here on apple If we zoom in a bit if we hop in now since it is in the middle of this channel Ah, uh, this one does not like to cooperate since it is in the middle of the channel here at 180 Up to the next resistance now. There's about a 3% or 2.7 3% reward with you know a 2.5 percent, you know potential for the drop down to that, you know The previous resistance, which is now a new support, right? So I want to see a little pull back, you know For a better entry point to potentially ride it back up to 185 And that's also going to bring down the rsi a bit making it a better opportunity to hop in In my personal opinion. So that's what i'm looking at in terms of apple Everything is looking good guys. This one's climbing climbing climbing and let's say tomorrow Let's say we pop another five points Probably not going to happen, but let's play hypothetically here if that does end up happening the next spot We're going to need to see You know back up to 195 would be you know the next target price for apple But let's not get ahead of ourselves guys because that is 15 points higher from where we are right now And that's a little bit, you know us getting ahead of ourselves there But just just you know just planning out the future here potentially if that does end up happening So apple that is what i'm looking at in terms of that stock another one that did very well today was x op guys x op has been doing very well today, which is an s and p oil and gas etf and for those of you guys that don't know Excuse me, there's actually a pair of etf that we trade that trade based upon x op and those are gush and drip I feel like I haven't talked about those in a couple of weeks here On my channel, but gush is an etf that goes up whenever x op is going up and whenever x op is going down Drip is going up, which is obviously the bare etf So let me just quickly clear this drawing set for you guys so we can talk about What potentially could be happening here, you know in terms of uh, you know x op Which would you know help us understand what to trade tomorrow in terms of those inverse etfs and of course you can even trade x op You know, you don't even have to mess with the etfs. You can trade x op itself. So right now What are we seeing? We're seeing x op is nearing the resistance at about this 50 sma that we noticed that it got rejected at The last time we were at at about what was that like 30 and 60 cents back about eight days ago That is where we ended up getting rejected We can clearly see it here at the top of this channel Right at the top of this trend line channel that I just drew for you guys as well As that 50 sma so what i'm going to be waiting for right now guys the fact that you know x op has already popped up Sure, we could end up filling back up to the top of this channel Which could give us another dollar up an x op which in turn could help us You know or really push gush up as well, which again is the bull etf So we can really play both sides of the spectrum here. So let's say we continue to run up an x op We can trade x op itself or we can trade the leverage gtf gush for this push up here And if we notice a resistance here We can then hop into the inverse to gush Which is drip and then ride it back down to this bottom portion of the channel and this is you know It's not 100 going to happen guys. This is very very hypothetical for all we know We could end up blowing out of this channel, which is going to be a bullish pattern But let's say hypothetically this ends up playing out exactly to what i'm personally saying right now We do end up popping up here We could trade gush again, like I said and then we can hop into the inverse on the downside. Is that going to happen? 100 probably not guys probably not But if that does end up happening that is a way you could potentially trade x op So i'm going to be watching you know This resistance level the top of this channel if we get rejected You know drip could potentially be a nice play to the downside That is if we end up holding this channel that I drew out for you guys and let's say we break to the upside here That's going to be a huge breakout bullish pattern on x op and the same thing goes to the downside right if we break to the downside here That's going to be a huge bearish sign, which means drip could be a huge play You know here over these next couple of weeks So that is what i'm looking at guys x op gush and drip Let me just show you gush and drip very quickly for those of you guys that are new to the channel You have no idea what i'm talking about gush really has the same chart as x op. We can see that here It's in the same. It's in a very similar Pattern here the channel looks pretty similar right if we draw the levels again Let me just do it very quickly for you guys. You can see that level there And the next level here you guys get the idea right you get the idea So that's what gush is looking like and then drip is going to be a mirrored image almost of what we're seeing in terms of gush and this one obviously goes up when x op sells off So sell all right, you know keep an eye On all those levels that i just talked about Square is another stock that i'm personally watching here for the potential break at about 77 78 dollars tomorrow For the potential fill back up to about 81 dollars, which would be the next resistance here on square Which would give it about a four four percent five percent margin of profit If we were to get the confirmation of the break the hold on the new support and then the fill up to about 81 dollars, so that's what i'm watching guys You know in terms of square I also want to talk about natural gas here very quickly and let me get my charger So the laptop does not end up dying. I feel like every time I record these videos. I forget the plug in My uh charger here and I if the laptop did die guys, I would be pretty pissed because I don't know if they're recording You know would delete or whatever, but anyways, we see that natural gas here Is holding the support at about 270 280 and if I draw out this candle or not the candle the trend line We can see that right if I stretch it out a bit So if we end up holding this level heading into tomorrow guys This could be a good sign that we're really confirming the horizontal pattern that we've been trading in with the resistance at about 290 With the support at about 275 to about 280 and we do see that we are slowly seeing the confirmation of that curl up the push up from the support level So you guys could come into play tomorrow if we do end up popping up higher here If those of you guys that don't know you guys is a natural gas future ETF it goes up in price whenever natural gas is going up in price So that is what i'm watching here guys natural gas and you guys Very very closely and let's say the markets sell off tomorrow tv ix is going to be an ETF I'm watching which we all know by now is a market ETF that goes up in price Whenever you know the stock market really the spx is selling off and this is a great play You know when the market is very very red So let's hop back and see what the spx is doing now Let's before we do end off this video on the one day one minute and we do see it's very bearish still We are not getting out of that 50 sma right? We're still looking like we're heading down So to the close of the market here, I wouldn't be shocked if we did something like that If we ended up closing you know back down to about 27 89 maybe 27 87 that would not shock me Especially if we get rejected here and pushed to the downside You know the dow Jones guys did have a little run up here, but the same thing is going on We're getting rejected by the 50 sma. We're seeing that 50 sma cross to the downside below the 180 sma Which is a bearish bearish move So, you know, these are little things that I'm going to be watching towards the close of the market here And as well as you know, the nasdaq we're seeing the little sell-off that has had over the past two hours We're getting rejected by the 50 sma. So they're all in a very similar spot here So I hope you guys enjoyed this video If you did feel free to drop a like leave a comment subscribe Follow me on instagram as well as on twitter and join our discord group chat as well as our facebook group Both of those are 100% free and they are linked down below in the description box I hope you all did very well today If you did let me know how you did again down below in the comment section. I appreciate all you guys watching I'll catch you guys in the next video. Peace out