 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 one trade that I made today on the 19th of February in 2019 as well as taking a look at some other stocks and ETFs that I personally see potential in and that did very very well today On the 19th of February, but before we do get into the video guys for everybody out there that enjoys the content You find value in this content here on YouTube feel free to hit that like button It really does help the channel grow and I appreciate you guys so much for doing so and I challenge you Can we get this video to 60 likes? Let's see if we can do it guys hit that like button down below and let's get started with today's video So at the time that I'm recording this video actually we have about 10 minutes left in the market And we could see here guys, you know based off the SPX you can see the Dow on the side here and the Nasdaq You know it does look like we're going to close the day green But it wasn't too crazy of a green day today guys literally the SPX is up only six points right now Up around 0.23% Nothing crazy there the Dow Jones is up around 31 points right now nearing at the close of the market up around 0.12% and the Nasdaq composite guys up around 12 points up around 0.18% and all of the three major indices that we talk about on this channel that comprise the US market You know these are all at Resistances they all have the same thing in common that they are all at a resistance from the beginning of December Right, we can see the Nasdaq here. We've been talking about these resistances guys But today since we did have a decent green day small small green day We got even closer to these resistances right the one here for the Nasdaq the Dow Jones guys It broke above it, but now we're nearing the other one at around 26 20 rather 26 200 and the SPX guys We are right at that resistance at around 27 85 27 90 from the beginning of December You know of 2018 and in terms of the SPX guys and the major markets here We've been talking about this channel that we've been trading in over these past couple of weeks and the past couple of Videos right for those of you guys that have been paying attention to the channel you guys have seen me talking about This particular channel here, you know Categorized by these red trend lines right we can see the support here the Resistance here and the fact that we pushed up even further today, you know up to highs of 27 87 That's bringing us closer and closer to the resistance of this channel and to the resistance from the beginning of December at Around 27 90 guys so in my personal opinion, you know, we can see the SPX here is overbought We slowed down today in terms of the you know the growth up only point two three percent So this could be the you know the beginning of a slowdown and a slow pullback in terms of the SPX and you can see it here guys We're moving even lower as the minutes and seconds tick on you know closer and closer to the market close So what to keep an eye on tomorrow guys? You know in terms of a technical basis here on the SPX keep an eye whether or not We're gonna break above this resistance and above this channel here Which is gonna be a very bullish sign very bullish move that we could potentially Continue to push up and if we do come to a trade war agreement guys by March 1st This very well could happen, you know This could pump more optimism into the market ending up pushing it up even more right even out of these You know to even out of this second resistance potentially at around 28 15 But you know, let's say we don't get to a trade war agreement. We slowly start to see a resistance here You know at 27 80, you know 27 75 We slowly start to pull back up or down rather that could be a good sign That we're headed back down to the support of this channel where we would be potentially testing in my opinion, you know Roughly 27 40 27 45 that would be the support if we do extend this channel a bit You know, that would be the target in my opinion to where the you know SPX could potentially end up and let's say we break below this right below the 50 SMA Which has been a support and of course the support of this channel that could issue more Downside to come in terms of the SPX guys So overall, you know not much movement today in terms of the SPX again Like I've been talking about in all of these videos just keep an eye on these resistance levels guys They're going to be very very important and of course if we break this resistance and the next we could be potentially testing all-time highs in the SPX, which is around 150 160 points away from where we currently are Right now and for those you guys that don't know how far we actually are We're only about 5% away from all-time highs right now in the SPX So it's not too far fetched that we do end up testing these levels But it is a decent amount Left to go in terms of percentage for us to even start to get into the $2,900 level And of course this trade war deadline is going to play a huge role in my opinion in terms of where we're going To be headed for the SPX so overall in terms of the SPX today guys, nothing crazy Let's take a look here at the Dow Jones. What's going on right now? Well, we saw the previous break I believe on Friday or Thursday. We saw a break above this old resistance at around 25,750 dollars. We're currently trending up at around 25,900 so we're a clear 100 points above that resistance So what we can say right now in terms of the Dow Jones guys, especially since it broke this resistance is that this is a new Support level for the Dow Jones and it's slowly starting to fill or trying to fill the gap from 25,750 up to around 26,200 Dollars which would potentially be around a two percent gap fill if it does fill this spot right here And how did I get this spot here guys? Well, we see the resistance here at around 26,250 from where we ended up selling off back in November and of course in the beginning of December as well at around 25,750 to 25,800 opening up that gap that we do have signaled here by these trend lines saying, you know This could be the fill that we could potentially fill here in terms of the You know Dow Jones and if we're judging on this closer term chart here the 20-day one hour Let's take a look at the 30-day 90-minute actually Little bit closer here We can see the trend that the channel that we've been trading in in terms of the Dow very similar to the SPX the support here the resistance and we are nearing the top of this channel here, although We're not you know as far or as close to the top as we are in the SPX We are nearing the top here. We are at the higher high You know portion of the pattern here and we could potentially experience a pullback in the next day or so You know, especially since we are overbought again We are at the higher high pattern Meaning we could potentially be pulling back to the support of this channel and of course the 50s may which is also a support as Well, so in terms of the Dow Jones guys, that's what I'm looking at and with about two minutes left It is looking like we are gonna close flat Maybe even read in terms of the Dow if we do end up pushing down and of course We'll see this in a couple of minutes here And we'll come back to it and see where everything ended up closing But in terms of the NASDAQ here today guys the NASDAQ composite We are struggling to get above this resistance at around seventy one hundred Dollars we've been talking about this in the past couple of videos guys pretty much The NASDAQ broke above 70 50 We held that as a new support and now we're trying to fill the gap from 70 50 up to around Seventy one hundred. We're actually trading in between this old Resistance from about a couple of days ago, which is now a new support and this old resistance from back in the beginning of December Which is still a resistance now So I guess you know once we break out of this if we do end up breaking out of this the next spot We're gonna end up, you know aiming towards is around $7200 in terms of the NASDAQ and guys just keep an eye on these You know keep an eye on these key technicals here these resistance support levels on the major indices because this is how you decide or I Personally decide rather, you know what I'm going to be trading for that upcoming day or week whether it be, you know large caps Bear ETFs, you know inverse ETFs anything, you know related to that that is how I decide pretty much what I'm going to be There goes the market Let's see, you know the Dow ended up pumping up to about up 12 points here NASDAQ closed at about up 8 and The SPX up around $4 so very minimal gain today guys in the overall markets So keep an eye on those resistance levels guys, you know nothing crazy today in terms of the markets now Let's talk about what I ended up doing today in the overall stock market So we saw a couple of ETFs and stocks today do very well that we actually talked about in yesterday's video We saw Roku did very well. We talked about this one in yesterday's video. We saw what else did very well today We saw what's that one Jnug we didn't talk about Jnug in yesterday's video, but Jnug did absolutely Incredible today. We're gonna be talking about this one a little bit deeper in a couple of minutes here But this is a gold based ETF. We can see it's up 13% today Meaning that gold probably did very very well today as well, which obviously it did We can see here guys gold went up 21 points today up around 1.66% We're gonna talk about that in a little bit here We saw a pretty decent day here today in terms of you guys up around 4% up around a dollar and 16 cents So now to talk a little bit about what I traded today guys no day trades out of me But I added a swing trading position in Microsoft which is actually one of the three stocks that I talked about in my video on Sunday the three stocks I'm looking to swing trade in February video Go check that video out if you haven't in that video. I talked about Microsoft I talked about Caterpillar and I talked about Johnson and Johnson Which is another stock that I'm currently in as a swing trade But in terms of Microsoft guys, I added a small position about 5-10% of my gold position today in Microsoft at around 10780 this morning I ended up adding that position and let me explain to you guys why I ended up doing that So if we can see here guys in the 20-day chart, you know Microsoft has been pretty volatile right from 102 up to 107 the big pullback to 104 But overall guys, it's been uptrending in price right and this morning We got that little dip down to around 10790 you know 10780 and I saw this as a good initial position due to it dipping down a bit and holding that What's it called that previous resistance at around 107 as a new support level because we can see it bounced up from there Very nicely right and in my video I talked about how I wanted to enter Microsoft at that level at this previous Resistance if it was acting as a new support, which we did end up seeing that it did today right at around 10775 when did a bouncing there and pushing up and that is where I ended up adding my initial position Just because it went pretty accordingly to my plan And of course the fact that we saw it push up to 108 60 is a very good sign that it's continuing the uptrend and Continuing to hold that old resistance as a new Support so as of right now guys, I'm in with about 5-10% of my gold position and I plan on adding Excuse me. I plan on adding more money Into Microsoft as we continue to uptrend and continue to push up with a goal sell With the goal first selling point at around 111 and if we break that level up to 114 That will be my second selling point. So right now guys I'm looking to grab about three four percent of margin of profit on Microsoft ticker symbol MSFT and J&J guys is another one that I'm currently in I did not end up adding more and to this position I do plan on adding more if we do slowly start to push back up into the $136 level and if we break below this 135 old resistance, which is now a new support I plan on cutting losses about 0.75% to 1% below this level and if you guys don't recall I'm in J&J around 135 ish 136 so literally the price we are right now. I'm not even up on my position at all I'm not down on my position either, which is why I still feel comfortable Holding this one overnight the pattern has not broken and honestly It's still sticking according to my plan, you know based off of these technicals that we do see here guys So ideally I would love to sell J&J at around $140 from where I am in right now guys up to 140 That's going to be around a three to four percent profit And of course if I add more money as we go up that profit is gonna slim down a bit because I'm averaging up but that's okay guys because Averaging up in an uptrending stock is not a bad idea if you do want to ride the wave if you do Want to ride that upwards Momentum and profit and build a big big position, you know in an uptrending stock, right? It might be a little bit riskier, you know buying and averaging down on one of these stocks Let's say if it does break the pattern because at that point you're going against the trend But if you're going with the trend guys profiting on the upside adding more You know in a momentum push up stock is not too bad of an idea in my personal opinion So drop a comment down below. Let me know what you guys ended up trading today I would love to know I personally wish I ended up getting into JNug because JNug like we saw a couple of minutes ago Went absolutely haywire today. So let's talk about that one very quickly And let's just see it guys JNug is a bull ETF that trades based upon the gold futures And whenever gold's going up in price obviously JNug is going up in price as well So right now guys it's safe to say that JNug is on an uptrend pattern higher highs higher lows all that jazz that we like to see For an uptrend pattern in this particular point here guys would have been an insanely good entry point if we got in at around 10 Which it held that previous resistance at around $10 as a new support We ended up popping up very very good sign here in terms of JNug Obviously if we aren't already in the stock or the ETF rather Chasing it right now would not be too good of idea an idea Which is why I want to see a pullback in JNug And if we do end up getting that pullback in the gold futures guys end in JNug This is going to open up a solid margin of profit So if we look over here to the gold futures slash GC we can see guys We ended up consolidating at around 1300, 1310, 1320 for a couple of days And then we rocketed up all the way to 1345 today So what I want to see in particular with the gold futures here is I want to see a pullback and a hold at about 1330 which is an old resistance as a new Support level if we do end up getting this pullback I think this level right here for gold futures would open up a solid entry point Back here in the bull ETF known as JNug which like we said did very very well today So that's what I'm looking at in terms of JNug guys if I'm not if you're not already in this guys I would personally Stay away, but if we do end up getting that pullback that would be a good entry point in my opinion Here in terms of JNug so another one. I want to talk about today was Roku We talked about Roku in yesterday's video We are looking for Roku to fill the gap from fifty dollars up to around fifty nine dollars So the fact that we pushed up even further today up two percent That's a good sign that we're pushing up and continuing to fill that gap But now for me to enter this stock guys as a swing trade I want to see a bit of a pullback maybe back to around fifty two dollars 5250 so the RSI gets a little bit down and we honestly just get a better deal in terms of how much Margin we can make versus what we could potentially lose right because if we get in here You know what we can lose is about four or five percent and what we can gain is around six seven percent eight percent So we would like to see you know our lost margin be you know Maybe two three percent and our win margin be around ten eleven percent that opens up a better ratio You know in my opinion for swing trading Roku so Roku guys very very solid, you know move today We'd love to see a pullback on that one before entering as a swing trade another one we talked about yesterday was STZ This one did not break out of their resistance had trouble again We want to see a break out of this resistance to potentially fill the gap back up to 190 But until the bridge until we get that break here guys, I'm not gonna be watching or looking to add money Well, I'm gonna be watching it I'm not gonna add money until we break that particular point there and in terms of cat guys Very similar to Roku. We're in the middle of this right now in the middle of this channel I would love to see a pullback in cat, you know, maybe back down to 134 ish 133 high 133's before getting in on that potential dip up to the upside back to around 138 for that nice little channel fill gap fill right there So another one that did very well today guys We're not very very well, but four percent's a pretty solid move for an ETF that's been getting hammered is You guys guys and you guys is a natural gas based ETF whenever natural gas is going up You guys is going up. So let's take a look at what natural gas natural gas Excuse me ended up doing today. We ended up seeing a nice break above that 50 SMA I believe yesterday here on this 180 chart and we are seeing some nice reversal pattern You know, we are seeing a reversal pattern here a natural gas that could signal more upside, right? We see the double bottom here, which is a good sign for a reversal We're seeing the break above the 50 and the 180 SMA We're seeing the 50 SMA crosses above the 180 SMA, which is another bullish sign So there's a couple of bullish signs here for natural gas Which is opening up my eyes for you guys over these next couple of days guys So keep an eye on this level of course if we break 270 that's going to be a huge bullish move to the upside meaning You guys could have a crap ton of margin of profit over these next couple of weeks Just keep an eye on that level guys and of course, you know, just set alerts Keep an eye on what the market's doing and you'll be able to catch these moves that I'm talking about here You know in this video, but of course don't trade any of these stocks based off of my opinion You have to do your own research and understand each and every one of these patterns stocks ETFs for yourself Before investing or trading rather these you know these stocks these you know ETFs that we're talking about here So I hope you guys enjoyed this video if you did feel free to hit that like button Drop a comment down below as well as subscribe if you're new here and you want to watch more content and hit that Notification bell if you want to be notified every time that I do upload a video I'm uploading daily here on YouTube and if you guys have any stock Stocks ETFs that you want me to talk about leave those down below in the comment section as well I'll catch you all in the next video. Have a great night. Peace out