 What is up everybody, it's Stas here and in this video we're going to be doing an overall market update, taking a look at the Dow Jones, the S&P 500 and the NASDAQ. We're also going to be doing a trading update talking about what I did today in the markets as well as some stocks and ETFs that I'm watching and looking to trade right now in the month of November, heading into the month of December here in 2019. And as you guys read in the title, we're also going to be talking about the natural gas report, doing a breakdown, what numbers did we see there, as well as my opinions on UGAS and DGAS doing a technical breakdown and kind of what to look out for here over these next couple of weeks. But before we do get into that, all I ask from you is if you enjoy the video, you find value in this video, just simply go down below, hit that like button and consider subscribing if you do want to see further content from me and if you want to be a part of the Strive Smart community, the Discord group chats down below as well as the Facebook group. So without further ado guys, let's get into it and talk about the S&P 500 here and what it's doing today with about 23 minutes left here in the market. So if everything holds the way it is now, today's going to be yet again another red day, the second day in a row that has been a red day for the S&P 500. It's currently down $4.15 here, down about 0.15% and it seems like these markets are finally slowing down after they've seen such a massive run up. They're not slowing down completely, it doesn't seem like they're breaking trend, but they're just simply slowing down after this huge run up that we've seen over these past, I guess you can say 10 days without a significant pull down, right? We've seen a huge run up ever since here, 3029 really, pretty massive run up without any huge retracement at the end of the day. So here we see from 3127 down to where we are right now, it's really not too big of a pull down, it's really just about 0.75% but based on this trend that I'm seeing here especially on the 5 day 5 minute, you know, this still seems like we could potentially fall even further, especially if we get rejected here officially by gapping down even further by this 180 S&P because as of now, we failed to break out of that which would have been a very big breakout towards the end of the day here for the S&P which leads me to believe and especially since we're trading below the 50 S&P and the EMA, you know, that leads me to believe that this thing could continue down here again until we do break out of that. Tomorrow, the futures are gapping up like extraordinarily, right? At that point in time, we're going to be running up again, we're going to potentially see another all time high and you know that the uptrend will be continuing, that's if that does end up happening. So those are a couple of things I'm watching out for here, you know, on the S&P 500, if we sell off, maybe we touch that 50 S or the rather the 180 S&P here on the hourly chart, that's definitely a possibility in my personal opinion and judging on this four hour chart guys, if we get all the way down to 3080 which would be a sell off of about another 20 points which really isn't too out of the ballpark here, I would consider that being a very healthy entry point if you want to go along in these markets, if you think that, you know, another all time high is around the corner. You could potentially trade, you know, SPY which tracks the S&P, if you want to play that dip, you can also trade maybe SPXL which is a leveraged ETF that tracks the S&P, these are some things you can trade if you want to play that dip on the S&P, right? So going to the Dow Jones right now guys, it's down about 47 points, down 0.17%, nothing really crazy today but if we zoom in to the 20 day one hour chart you can see all time high at around 28100 and ever since that day guys which was on the 19th, we had one red day followed by another red day, two red days in a row and today it's going to be if this holds the third red day for the Dow Jones. So if we see a further retracement, this could probably go I would say to around 27500 bucks, that's the next level of support I'm seeing, that would probably put us on top of that 180 S&P as well on this hourly chart. So that's where I'd look to see if the Dow could find a support, that's what I'm looking at there and if we go to the 5 day five minute which really reiterates my point as to there could be more downside here, we can see on the 5 day five minute just like the S&P the Dow is struggling to break out. We actually got rejected by that 180 S&A here, we're trending below the EMA as well as that 50 S&A. So this thing could definitely run down again right even further unless these futures gap up tomorrow and let's say we're doing something like this breaking out, that could indicate a green day and potentially an all-time high on the Dow. So just keep an eye on this, this is still looking a bit bearish in my opinion, it's just worth noting and worth keeping an eye on. So the NASDAQ right now guys down 21 points, down a quarter of a percent and just like the Dow, the S&P this thing is seeing a retracement right, we've seen a massive run in these markets guys and they're finally slowing down a bit here and like I've mentioned this is completely healthy, this is completely normal, do not freak out right, but on the hourly chart you can see you know 83.79 is the peak here, now we're trading at around 82.70, we've seen a retracement of about 1.2 percent and at the end of the day guys that's really nothing, we saw a huge sell off last year of 20 percent, imagine that right 20 percent last year, another sell off last year of 10 percent, so a 1 percent correction at the end of the day, it's really nothing which is why you know we saw on the 5 day 5 minute for the Dow and the S&P there could be some further downside here, maybe another half a percent before we do end up finding some sort of support and you can see that on the 5 day 5 minute on here as well, it's still down trending, we're not really seeing a full on breakout on the NASDAQ quite yet, so I'm going to be watching tech stocks tomorrow morning, futures of course, if these are gapping up this can completely go out the window in terms of the potential theory that the markets could fall even further here because that would be a technical break to the upside right, so keep an eye on which way we move in the morning, that's going to be extremely extremely important here for the trajectory of the market over these next couple of days, so let's talk about what I did today guys, today was a fun day for me trading, ACB which is a MJ stock that I actually bought a couple of days ago did quite well for me today and I actually traded it in two accounts, you guys saw I bought some ACB two days ago at about $2.28 per share, I literally bought like 70 shares, a tiny tiny position here and those shares believe it or not guys they're up like 30% right now, so I actually put another buy order in today at $2.80, a limit buy order in two different accounts, one of those was that same long-term account that I bought the shares in two days ago, so I have about like 400 bucks in that particular account, but the other buy in was in my day trading slash swing trading account where I ended up taking around a 4% gain on ACB on the swing, so right now I rather the day trade, so right now I'm owning about $400 in my long-term account and those shares guys, this is like the quickest growing position that I've seen in a while in terms of my long-term account, again these shares are up like 20% right now in two days which is crazy and this is because we'll talk about it in a little bit here, but MJ stocks they're seeing a lot a lot of optimism right now because of the federal ban they're voting, I believe that they won the vote, let me pull up the note right now since we're talking about it, you know historic vote to lift the federal ban on MJ, the bill passed on Wednesday by at 24 to 10, that was the the favor there 24 to 10, it includes provisions to expunge past criminal records and would introduce a 5% cannabis sales tax, so this is what's been running up these markets in terms of the cannabis markets over these past couple of days and we can see they're extremely bullish, these stocks you can see CGC, you know you can see all the other ones as well, heading into the close today, so these are going to be ones that I'm watching tomorrow as well right, so 280 I got in one account I'm holding it, I ended up exiting in the day trade account for a 4% profit, so that's pretty much all I did today in terms of day trading, I'm holding some other swing still guys like we talked about PayPal ended up selling out of Facebook, PayPal kind of bit me in the butt today, they acquired a 4 billion acquisition I guess it was yesterday or something like that and it seems like investors didn't like that because of the stock ended up dumping, I'm not too sure if the stock dumped because of that but it's a weird correlation because we can see you know over the past two days ever since we've gotten this news you know the stocks kind of fallen but I'm still holding on to PayPal and pretty much break even at this point, again I'm in Chipotle, McDonald's and what other ones am I in Shopify, I'm still holding I might cut that one tomorrow we'll see how it goes but that's what I'm doing right now in terms of my trading, so now let's talk about the natural gas report, we'll break down natural gas, a technical breakdown of it, UGAS and DGAS and kind of my thoughts around the subject, so first let's take a look at natural gas right now and I'm watching NGF 20 that is the ticker symbol and these are the natural gas January futures make sure you're looking at the January futures right now guys so open these up and this is what I'm looking at right if we zoom in a bit actually let's let's do that in a second here but if we look on the four hour chart first we can see like I mentioned in yesterday's video we're trading between 257 up to around 297 so we're in a 40 cent window right now that we've been trading in in terms of natural gas over these past couple of months really since I guess you can say the middle of August which was about three months ago at this point so one thing I'm seeing here is this does kind of seem like a short-term bottom at least for natural gas we hit 257 we held that quite nicely this was on the 19th right if we zoom in a bit we can see that we tested 262 and ultimately held that as a support now we're starting to fill the gap up to the next resistance which is at 266 another thing that I'm liking here from a bullish standpoint and just briefly looking at these technicals is this double bottom breakout pattern that we're seeing right now again we hit 257 we kind of consolidated at 260 we pulled down and retested 257 and we held it now we're breaking out so that is a double bottom bullish breakout which whenever we see a double bottom you always have to think in the back of your head like okay is this going to end up breaking out and in this case it is breaking out so tomorrow I'm watching to see the 266 level and from a bullish perspective you know if you have a bullish perspective you want to see a break above 266 and ultimately a test at this 180 SMA and of course a break above that test so you know you know this is this is looking good starting to reverse in terms of that perspective right because we broke above those moving averages but it's not quite there yet for a full on breakout that I want to see if I'm a bull here on natural gas which honestly guys I still am remaining bullish here over these next one to two months I definitely see more potential in natural gas so now let's zoom in a bit to the one day one minute so we can see the volatility right when the report was released then we'll look at the report so at 10 30 a.m. Eastern Standard Time is when the report is released right you can see here natural gas shot up sold off aggressively that's where we tested that 257 level like I said that's where we double bottomed and from there we broke out very viciously hit a higher high and now we're looking to close the market very very bullish right so like I mentioned all the time in these videos guys natural gas especially on Thursday when the report comes out it's extremely volatile it's up and down up and down up and down up and down right so let's look at Safari very quickly and talk about this weekly natural gas storage report so like I mentioned yesterday IR dot EIA dot gov is where you can get this report or you can simply just go on Google type in natural gas report it's going to be one of the top links if not the first link that comes up so let's talk about the numbers here we'll compare them to last week and look at some data from a year ago that was reported then we'll talk about some notes in my phone so we can see here for the week that ended 1115 which remember these reports are actually a week behind so in terms of these numbers in these different regions in the east we actually had a 23 billion cubic feet withdrawal of natural gas in the Midwest we had a 37 BCF withdrawal in the mountain region we had a two BCF withdrawal while in the Pacific we had a two BCF injection in the south central region we had a 33 BCF withdrawal in salt we had a 14 BCF withdrawal and in non-salt we had a 20 BCF withdrawal totaling to net change from last week being a 94 BCF withdrawal and the net change is really just this number subtracted by this number right giving us that 94 BCF withdrawal and this is the first withdrawal of this season and you know that this is a sign that the demand is starting to kick in and people are using this natural gas we're getting into that season where we're starting to see withdrawals right so a year ago we can see compared to what you know we have now we have a lot more production right now compared to a year ago right right now we have 36 38 and BCF in terms of natural gas storage compared to last year a year ago 11 15 18 we had 31 32 BCF so we have about 500 BCF more natural gas and storage right now so another thing worth mentioning is this withdrawal of 94 BCF actually came in on the high end and the high end meaning out of the 20 analysts that I was looking at yesterday and that we talked about in yesterday's video you know they projected a withdrawal from 65 BCF to about a hundred and 102 BCF so we came in on the higher side there at that 94 BCF level so how is this going to affect natural gas and you guys moving forward well the truth is what affects this storage is the weather guys at the end of the day the weather across the US the east the Midwest the mountain all these different regions that that we've mentioned and really how cold it ends up getting because the colder it is over these next couple of weeks next couple of months that really correlates to how much natural gas we use and the reason why you know natural gas ran up so much last year if you guys remember was because we a didn't have much production and B we actually had a ridiculously cold winter and there was a ton a ton a ton of demand of natural gas and let me show you guys what I'm talking about if you if you're more new to trading natural gas you guys and D gas right last year we ran up from 280 all the way up to $5 that's why we saw you guys go up so much in terms of a percentage and people keep asking me still like do you think you guys is going to 100 bucks 200 bucks and the truth is that's pretty mathematically impossible unless we had natural gas run up to those same levels and even then I don't think you guys will be up to those levels and the truth is because guys like I mentioned in yesterday's video there is a ton of production of natural gas right now we have much more in storage than we had last year as you guys can see based on the hardcore numbers the hardcore data and the weather is not supposed to be as cold as it was last year but then again guys you know these weather forecasts they're as wrong at the end of the day as these economists are economists have been projecting recessions over the past five years weather people they they always project things and they never come true right so at the end of the day that's why we have to wait and see how cold does it actually get will natural gas end up picking the upwards move here in terms of the trajectory of the trend that's another thing that I'm personally waiting for right so although these weather models you know over the past couple of days and like we talked about in yesterday's video they're not looking as cold as a lot of people would like at the end of the day you know we're still early on the season and a lot could change and a lot of unpredicted things could happen here a huge cold front could come and wipe out the US in the next month or two that we have no idea about at the end of the day so what I'm watching for is like I mentioned a couple of minutes ago what you know what direction is this going to pick are we going to run out and break above this 180 SMA combined with this this cold weather that we could potentially get here over these next couple of weeks are we going to get that formula to then run up natural gases prices with the demand kicking in across the country or since we have a lot of production let's say the flip side happens you know the weather doesn't get as cold as you know it did last year which again a lot of people are predicting let's say we don't see a cold weather a cold winter across you know in terms of historic numbers here let's say we have a warmer winter right this thing could definitely start to run back down especially if the demand for NG is weak in terms of natural gas let's say the demand is super weak and we start to really just sit on the supply we have this price could definitely definitely go down even further and that's kind of what I'm thinking right now at this point I'm still sitting on the sidelines just watching this because I see a lot of potential as I know a lot of you guys do but I just want to see what it does at this point we're so battered down you know this double bottom breakout could be something especially again if we break that 180 SMA which is kind of what I'm hoping for right now for you guys so that's kind of my thoughts the natural gas report breakdown all the numbers and just some stats to just keep an eye out for and just kind of my thoughts surrounding the subject so let me know down below in the comments what do you guys think about that now let's talk about some other stocks that I'm watching right now in the stock market other than natural gas you guys and D gas because I talk about those all the time so Johnson and Johnson is another one that's kind of been flying under the radar here over these past couple of days and it's been doing quite well breaking resistance level after resistance level so now we're trending in this range that we haven't been in since the middle of October I guess you can say about a month ago at this point so now we're trending between 135 and 140 so recently we broke 133 which was good and again we broke 135 just today or yesterday and now I'd love to see if this thing finds support here at 135 since there's a dividend coming up is this the payment date actually no it's not the payment date because I own Johnson and Johnson in terms of my long-term portfolio I know their payment date is in December I think it's on the 10th of December if I'm not mistaken so that might affect it because typically when stocks do pay dividends their share price does fall for that day a lot of the time so that could affect it but again that's in about three weeks from now so before that we could probably make a move here maybe up to 140 especially if people if we start to see some volume here before the X dividend date which this this could be why people are buying in right now believe it or not to get in on this dividend but there is a theory out there and a lot of people know this may actually many people don't know this that theory is kind of a myth in terms of buying before a dividend because that dividend essentially is lost from the price depreciation that the stock goes down after paying the dividend so if you're looking to buy a stock just to get the dividend and hop out you're likely not going to make money that way look into that it's actually pretty interesting and it'll probably you know be a learning lesson for you guys because I know a lot of people don't know about that so anyway you know if we profit on this in the short term here you know and try to exit before that that dividend payment to avoid the drop I think we could potentially make you know money up to 140 bucks which could be a 3-4% profit more 2-3% profit on Johnson and Johnson so another one that I'm watching is good old Tesla guys they're actually unveiling their good old Cybertruck today so I'm interested in seeing how that's going to fluctuate the stock do I have a position in Tesla no but it's always interesting to see how this stock moves especially when they have an event that's that's going on they're revealing something it's interesting because if the investors out there if the sentiment around it is positive it could fly the stock up fling that stock up if it's negative of course the opposite could happen so another one I'm watching guys is Neo Neo believe it or not did quite well today up 14 cents and a lot of people ask me Stas do you do penny stocks this and that the truth is I never day trade penny stocks anymore actually that's false because I did it today very very rarely do I day trade penny stocks do I hold penny stocks in my long-term accounts I do I own Neo and then of course I own ACB like I mentioned those are the only two stocks that I'm involved with right now that are penny stocks but this is actually opening up a decent opportunity for a swing especially because we're holding this $2 level of support here this is worth watching because last time we broke this level guys we ran straight to 250 so from 2 to 250 it's going to be a massive margin of profit again these penny stocks especially Neo they fly quick so this margin of profits around 17% so I'm watching this to see if it ends up breaking out and if it does end up breaking out it's going to look something like this this is arguably you know kind of like a bull flag here in my opinion you know if we end up breaking out you can see kind of the flag there if we end up breaking out like this I don't know why my cursor is not working but you know you guys know what I mean if we do something like that tomorrow that could trigger a reason to buy in my opinion for Neo and then we can end up grabbing that 17% sure we probably won't grab that whole 17% but maybe 5-10% out of it I think it's doable especially since Neo does have some positive news around it in terms of their deal with Mobileye the Intel subsidiary look into that if you guys have not yet so overall that's pretty much it PayPal again it's another one that we saw the deal with Honey Science the stock drop so that's one worth watching that's pretty much it without holding you guys too long let me know what you guys think down below in terms of these stocks natural gas you guys what do you think in the future I'd love to know if you guys enjoyed the video let me know down below by just simply hitting that like consider subscribing if you want to see further content for me and if you want to wear some Strive smart merch like I'm wearing right here if you want to buy a hoodie sweatshirt that is linked down below as well thanks again for watching I really do appreciate every single one of you guys as always peace out