 What is up everybody it's Toss here welcome back to another video so 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 and I'll actually be showing you guys a quick one minute clip of my trade today in ticker symbol SES and I also want to talk to you all about a couple of stocks and ETFs that I'm watching right now and looking to trade in the middle of October in 2019 so if you guys find value in this video if you do enjoy the content here on the channel feel free to go down below and hit that like button consider subscribing if you do want to see further content about the stock market investing and trading and join our StrafSmart discord group chat and our StrafSmart Facebook group all of those are linked down below so without further ado guys let's just get right into it starting off here with SPX ticker symbol SPX the S&P 500 so there is about seven minutes left there are seven minutes left here in the market and honestly today has been one of the most boring days in the market that I have ever seen probably not ever seen but in the recent you know time that I've been in the markets over these past couple of weeks right today was very boring you can see we're down about $2.30 right now down about 0.07% and when you go to the one day one minute you'll be able to see how boring it really was look at this consolidation guys this is absolutely crazy right maybe there's not much traders out there today not much volume it is Columbus day here you know in the United States so that could be a massive reason as to why we are seeing this but literally we gap down a little bit 29.62 was the low for the day the high was probably 29.72 roughly so that's putting us in a 10 point window where we've literally been trading within over the past seven eight hours now that the market has been open right and if we go back to that 184 hour chart you guys can see that we're trending in this wedge and we're also trending between 29.50 and around 30.20 which is the all-time high in terms of the range that we're trading in right now so an interesting thing in my opinion on the S&P here is what direction are we going to pick right are we going to break out of the resistance of this wedge which in my opinion if we do that will be very bullish we may be seeing all-time highs at that point right or are we going to get rejected are we going to end up breaking these moving average support levels and maybe even 29.50 which if we do that's going to be very bearish we may be going down to test the support of this wedge and even the 29.20 ish level of support as you guys can see which honestly would put us right on on that wedge again on that support so at this point guys it's very very funky where we are you know with the close right now it seems like we are going to close red keep an eye on these futures tomorrow keep an eye on these large caps hopefully as more volume comes into the market tomorrow we can end up picking a direction right and if we do see that big dump towards 29.50 expect maybe a slight drawdown from there as that is a very critical break again if we do break 29.50 and zooming in a bit to the 20 day one-hour chart here you guys can see we are holding that 180 SMA support so watch that level for the break and if we do break that again we'll be shooting right to that 29.50 level in my opinion the Dow Jones right now down 23 points down about 0.09% here if we go to the one day one minute you can see very similar to the S&P no movement whatsoever right we got to a low at around 26.750 high of the day was around 26.870 putting us around in a 100 I guess you can say 110 point window and we were trading within that for the entirety of the day pretty much and if we zoom out to the 184 hour you can see just like the S&P were in this wedge where we did get rejected honestly by the resistance here and it does seem like we're going to go down and test 26.6 right now which is a very critical level of support that if we did break that we may be going down a test 26.3 which would put us right on top of this trend line as a support the support of this wedge right so just keep an eye really on which direction we're going to pick here as more volume kicks in in my opinion tomorrow the rest of this week that should be telling us are we breaking out are we selling off and then of course from there will be able to plan out our trades accordingly in terms of individual stock picks and ETFs right so if we go to the Nasdaq right now it's down about three points again guys no movement whatsoever it was so boring today in the markets which is why I did end up dipping my toes into this very very speculative risky play which was SES and again you'll see that here in a couple of minutes the live action but you can see here on Nasdaq on the Nasdaq we're at the resistance right now of this wedge right if we break that that will be very bullish we're also holding 78.30 ish as a support that's a pretty good sign because that was an older resistance from back in the end of April towards the beginning of May right so the fact that we are holding that is good I think if we dump here that is going to be very bad for the Nasdaq right from there we're going to be testing moving average support levels we may be going down to 77.20 and of course we may test the support of this little wedge that we are seeing and if we break that there could be a lot of blood in the waters after that right on the 20 day one hour you can see overall we are looking a bit bullish on this chart time frame right which is why it's important to look at a bunch of different time frames and why am I saying that it's because we're breaking out of the moving average resistances and holding them as supports but then again it's also good to look at larger time frames to make an analysis and judgment call in my opinion because the smaller time frames can trick you right because you see this you're like okay this is very very bullish but then you zoom out a bit to the four hour again and you're like okay maybe it's not as bullish as I thought right again it's also it's just very important guys just hop back and forth between these time frames so this one day one minute right here on the end queue you can see we were pretty much just trending in this little zone here for the whole day not much price action whatsoever so overall here guys that is what the markets did today in a nutshell nothing crazy if you miss the market today really you didn't miss anything right today would have been a great day to just take off if you're trading you know spy maybe these overall markets in terms of ETFs and stuff like that but I think a lot of action will be coming here over the next couple of days so let's talk about the first of two trades that I made today and that trade was in D gas guys and there go the markets they ended up closing slightly red but we talked about natural gas in yesterday's video and honestly we've been talking about this a lot recently and natural gas is it's kind of like the hottest topic right now in terms of I feel like trading youtubers in a sense a lot of people are making videos on this a lot of people are covering it a lot of people have plans to make a lot of money on you guys or make a lot of money on D gas so let's just break it down right here so natural gas this 50 SMA it's acting as a resistance there's no doubt about it right over the past couple of weeks as we've sold off from 270 all the way down to 20 it's very evident that it's been acting as a resistance right we also see 230 as a resistance right now we also see 220 as a support so we're in this 10 cent range right now on natural gas and what I ended up doing this morning is I noticed how on the 20 day one hour we were seeing a bit of a resistance under this 180 SMA where over the previous couple of weeks the candles this the future here natural gas it's gotten rejected at these points so I was thinking to myself okay if we get rejected here this is going to be a very good D gas play right if we pop out if we break out maybe even if we break out of 230 this could be very good for you guys and obviously now that we see the chart we can see that we ended up getting rejected and then we sold off all the way back down to the low 220s I believe we got down as you guys can see here to about 222 223 area and actually one other person in our discord group chat called this out it was on my watch list this morning as well and this is when we were able to capitalize and I think a bunch of other people in our group were able to capitalize on this move as well right and let me show you D gas very quickly let me just zoom out a bit here very quickly let's pull up D gas and again D gas goes up whenever natural gas is going down right and if we zoom in on D gas right here we actually got quite a pullback from last Friday session because natural gas did run up to about 228 today so we got that big pullback in D gas opening up that margin of profit overall right on this four-hour chart you guys can see it the big the big pullback that opened up let's see on a percentage basis around 12 13% right and this is when I started to see the resistance again under that moving average on natural gas and then once we got that rejection once we started to dump that is when I started to scale in on my D gas position I believe it was right as we started to cross and break out here obviously that's not the best entry point now that we look back on it now that we do have obviously the rest of the day session but at this time I wanted to see a break out of these moving averages and ultimately a bullish cross before getting in we got that again we got that natural gas dump and this is when I started to trade it I believe it was 140 60 147 not 140 it was like 141 ish 140 120 somewhere in this area right here is when I started to build the position it was honestly a very quick trade we popped up sold off and then as we started to rise again that is where I ended up selling out so it wasn't anything crazy my SES trade that you'll guys you you'll see here in a minute was a lot bigger than this on a percentage basis but then again the SES trade was in my more speculative account while the D gas trade was in my normal account so overall that is what I did in D gas about a 1.2% trade there nothing crazy now you'll see what I ended up doing with SES so enjoy this very quick clip of today's session alrighty guys so here we are in my fidelity trading ticker symbol SES this was my second trade of the day I bought 26 shares when the stock was already up 338% on the day we actually had a catalyst from this stock last week they bought out on Australian energy company thus pumping the stock up like crazy today and this is actually a move I made in my smaller more speculative I guess you can say play account so I only bought $600 of this stock and my mentality this whole entire time when I was in it and I was only in it for two minutes was to get in and out make that quick profit on the momentum to the upside right so I got in on this dip and again the whole time I was looking to exit and you guys can see here I placed the order once we pop up here to 2530 I placed the market order I got filled at around 2515 with an entry at 2306 roughly a 7% gain here with a profit of around 55 bucks in two minutes trading this so that's the trade that I made I hope you guys enjoyed this little live little update on what I did in terms of this in my speculative trading account so now that we look at SCS guys as about an hour and a half has passed since that trade we can see it's dumped pretty aggressively now into the $19 range which is why my mentality when I was in that trade was to get in and out as soon as possible because I have experience in the market I know how things go right I know that something like this that's running up hundreds of percent you can make a pretty good amount of money on it if you're quick if you time it correctly but if you stay in too long you can get caught in a very bad trade if it dumps on you right and I knew this I knew this I wanted to get in and out so as I saw a dip again I started to scale in here we started to pop up and then this is where I ended up selling off and guys I timed it perfectly as you guys can see this thing dumped right after I sold out pretty much and if I ended up holding I'd be down in in the 20s of percent at this point which again is why it's so important to get in and out and if you don't have a stop-loss set I did not have a stop-loss I had a mental stop-loss you know this is even more tricky at that point and for beginners out there I wouldn't advise trying to chase these you know I personally did it because again like I mentioned earlier in the video the markets today were very boring this was very exciting in my eyes so hey I took a little risky trade today but a lot of people wouldn't have executed it as well as me if they were more beginners and that's just me being completely honest and they would be caught in a very bad spot right now which again it's why you have to ask yourself our trading is trading more speculative plays like this that are running up like crazy is this worth it for me is it is you know my risk tolerance aligned with this and if it's not it's okay to not trade it right it's really just okay to not do trades like this but for me again today was one of those days that I was feeling a little bit risky I wanted to dip my toes into this because some people in the group chat were talking about it that kind of raised awareness in my eyes to it so yeah that's what I ended up doing let me know down below and this is actually a large larger time frame shot of it but let me know down below what you guys thought of that and your opinions but you can see here from $1.50 all the way up to 26 bucks guys that is the definition of insanity right that is the definition of insanity and why it's so risky to get in because this could topple down just as quick as it came up so that is the trading update for today guys and honestly what I'm watching for the rest of this week it's going to be a lot of the overall market spy spx is what I'm watching a lot to see what direction that picks I'm also watching of course you guys and D gas right if we go back to natural gas what I'm watching for the rest of this week is are we going to break out into the 230s if we do that's going to be a huge bullish sign right we may be filling up to 240 from there on a technical basis especially if we start to trend up from here and that could be a very very good opportunity to get into you guys which goes up whenever natural gas is going up right LAPD is another one that I'm watching it's a biotech ETF we actually talked about it in yesterday's video it goes up whenever SPS I bi is going down right and right now we're seeing a lot of resistance under this 50 SMA if we get a full-on rejection here to the downside we may be getting a nice pump in LAPD and we could profit on it that way but on the flip side if SPS I bi breaks out here the previous time it did break out of the 50 SMA it filled up to the 180 SMA resistance right this could very well happen again if it does break we'll be watching it closely then we can trade LAPU which goes up whenever SPS I bi is going up and we will be able to capitalize on a nice move from there and let me show you LAPU very quickly for those of you guys that don't know LAPU this is it right here so gold we'll take a look at gold very quickly gold's not really doing much at all right now honestly slash GC it's at 1496 the fact that we did end up closing above this support level that is a good sign in my opinion but still we're trending under moving averages you know we're still seeing this bearish cross we're still getting rejected by these moving averages so I wouldn't be surprised if we did end up doing something like what is shown here by the arrow if we do dump and go test 1460 and if that does end up happening GDX is going to dump and when GDX dumps guys inverse ETF number one that I look at is JDST right JDST goes up whenever GDX and gold are selling off so this is one that's worth watching another one is Procter and Gamble this is more of a swing trade we're out of support right now at around 119 120 although we did break that 180 SMA support which is a bit alarming this is still worth watching at this level in my opinion if we break this critical level of support that actually was an old resistance back in the August month that's going to be very negative from there hey we may be going down to I'd say 116 115 maybe 117 this general area from there there could be some good potential short plays put options but then again earnings are coming up here in eight days and Procter and Gamble they've been reporting pretty good earnings recently so if they report another good quarter this stock could be flying up back to the 125s in no time right because this recovers it seems like after every pull down so this could be another time when it does recover after this pull down again especially if those earnings are good so Tesla that's another one I'm watching TSLA we got a nice fill up here to 256 today roughly to about 260 I think we got rejected under that level a bit but anyway we got the nice bull move today now I want to see what it's going to do here this could potentially be a very interesting situation because earnings are coming up so whatever those earnings are if they're good or bad this could fluctuate the stock like crazy let's say they report good earnings this can be flying out of this resistance at 260 which would be very bullish let's say the earnings are terrible like we've seen before Tesla had a quarter I think it was either it was last quarter yep take a look at this quarter no it might have been the one before either way they had a quarter where they lost an insane amount of money and the stock got crushed right that could happen as well at this point so it's interesting to see what it's going to do keep an eye on earnings I for sure I'm going to be watching Tesla here so overall that's kind of what I'm watching here in the markets guys a lot of just the overall markets and what direction they're going to pick at this point because again we had a very boring day today in the markets so that's it for this video if you guys did enjoy it feel free to go down below hit that like button consider subscribing if you do want to see further content for me and let me know down below in the comment section what you thought about today's video what you thought on the markets and hey let me know what stocks and ETFs you're watching as well if you do want to share that information and all of the links are down below in the description the discord group chat Facebook group my Instagram Twitter all that stuff is down below and yeah I'll catch you all in the next video thanks again for watching as always peace out