 What's going on everybody it stops here welcome back some other videos so in today's 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 terms of my trades as well as talking about some stocks And ETFs that I'm personally watching and looking to trade here you guys in particular guys in this month of September in 2019 and if you guys want to skip to the you guys part for those of you guys that are not interested in the market update and Other stocks that I'm watching there's going to be a time stamp down below in the description So you can go click that and go to the part that you guys saw in the title and that you guys want to see so With that further ado guys hit that like button consider subscribing if you want to see further content for me And let's get right into the topics of today's video So the S&P 500 ended up closing the day down $20 and 19 cents today down point six nine percent closing the day briefly above 2906 or rather slightly above 2,900 rather at 2906 the Nasdaq right now guys is currently down 50 cents But this is the future if I pull up on my phone very quickly where exactly it ended up closing I can tell you guys it was down 88 points down 1.11 percent on the day the Dow Jones industrial average here down 285 points at the close down 1.08 percent closing the day at $26,100 so overall today guys the markets were affected by the tariff situation that Went live the tariffs went live between the US and China on September 1st We saw the futures go down on Sunday The futures were down on Monday, which was yesterday when the markets were closed and that kind of bled into the market today And we saw the results of the day down 1% roughly and you know all of the major Indexes that we track on this channel being the Dow the S&P and the Nasdaq so if we go back to the S&P guys to break down some technicals here and starting off on the one day actually maybe the five day five minute You guys can see we closed the day on the 30th at about let's say 26 or rather 2925 and you guys can see the gap down very clearly You know from the close on Friday to the open today on Tuesday. We gap down to about 2907 we dropped all the way down to about 2892 found a bit of a support at around 2890-2895 and then we ended up closing the day on a nice little upswing and some may argue You know the technicals don't lie here that this is a higher or low from the previous and this could be a Potential breakout spot for the S&P 500 and if we go to the 20 day one hour You guys can see that a bit more right we can see even if we extend this trend line a bit You can see actually no, that's not a good spot to start it. Let me start it down here. You can see That we kind of are holding a uptrend pattern here based on the past couple of weeks from the 15th of August We bottomed out at 2824 then we bottomed out at 2860 2875 towards the end of August right around this area this range right here And now it seems like we're bottoming out here again on the 20-day one-hour chart on top of these moving averages the 180 SMA and the 50 SMA as well as on top of that 2900 level of support and I was talking about The 2900 level of support and the group chat today and the discord chat And if you guys are not in that that is linked down below And I was talking about how this is a very critical level of support for the S&P 500 Just take a look over the past couple of months 2900 2900 was a resistance here We broke above it making it a support we pulled back we retested it We popped up we ended up breaking it here in the month of May We popped up above it held it again as a support back in June, right? We popped up to all-time highs to 3025 there and then for a little bit we held it here You know at 2900 as well until ultimately we broke down and triple bottomed at 2850 You know during the month of August and now it seems like again We're retesting that level and the fact that we closed above it despite us following below it today in the market During the trading session. That's a really good sign here that the S&P does want to potentially Rally back again. We saw in the five-day five minute You know this is looking pretty good the fact that we double bottomed here We broke above the 50 SMA. That's a good first sign now I would love to see a break out of the 180 SMA here on the five-day five minute before really Confirming that hey, we might be breaking out here. We may be pushing up maybe to 2940 again Maybe to 2950 we might be pushing for a higher high, you know, that's kind of what I'm watching here In terms of the S&P 500 if we're going over here to the NASDAQ And we start on the 184 hour you guys can see, you know Unlike the S&P actually, let me just double check that before I do make that statement Actually, no the S&P is still trading below the 180 SMA, but it's trading above the 50 SMA So it's actually trading below only one of the moving averages But the NQ right the NASDAQ is actually trading right now below both of the moving averages on the four-hour chart Both the 50 SMA and the 180 SMA So in my opinion for NASDAQ right to get back up to highs here to get above or rather just to break out at this point You know, we need to get a break above that 50 SMA and the 180 SMA that you guys see here on the 184 hour chart Overall, you can argue that we're holding this trend line as well that I just drew out for you guys You know from the sell-off in May, you know the beginning of June We started out at about 7,000 here on the NASDAQ right we pulled down 7,300 that was in the beginning of August higher low again in the middle of August another higher low towards the end of August Right and now in the beginning of September It seems like we're holding another higher low on top of this trend line again that I just drew for you guys So guys if we pop above this trend line tomorrow, let's let's say excuse me We break above the 180 SMA, you know This could be a very big breakout in terms of the NASDAQ, but the one thing that's kind of You know making me a bit skeptical that that's actually going to happen is the state of the economy that we're in The state of the trade war at the drop of a button guys literally Things can go down right if Trump tweets if more tariffs are slapped the market You know, even though the technicals are telling us hey We might be pushing up the market might dump because when things are going on in the macro economy And they're very very, you know harsh on the market like the trade war is the technicals go out the window for the most part Right, we may dump and then you know dump all the way down here to 74 30 again and be like, okay Now we're definitely not riding this trend now We're definitely not uptrending which is just honestly something to be Aware of and something to keep an eye on Especially when we're in these rocky time periods in the overall Economy and obviously in the stock market as well So that's kind of my thought here on the NQ if we break it down a little bit on some of these smaller charts You can see the trend line, you know, it's clearly riding it here as well Although it's very sloppy with all these lines everywhere. Just look at the cursor right here on the screen You know, it's riding that trend line from the longer-term chart But we're still trading below the moving averages here even on the one-hour chart And I'm sure on the five-day five-minute. We'll see a bunch of the same Yep, you guys can see under the moving averages on the five-day five-minute chart as well So what I'd look for for a breakout is a pop on the smaller time frame here the five-day five-minute Above the moving averages on the Nasdaq. So let's talk about the Dow Jones industrial average very quickly here guys Going over to the 184 hour You guys can see this is actually similar to the S&P We're trading trending above the 50 S&A, but we're still trending below the 180 S&A on the four-hour chart So we're kind of in between both of the moving averages here overall if we zoom in a bit We're holding the support at around $26,000 on the one day one minute we can see today we gap down We actually hit 26,000 and we had a triple bottom on it once twice three times That's a good sign here that hey we might be pushing up This could be a bullish move and that's exactly what we got right from there We popped on the intraday chart here the moving averages went from being resistance levels to being support levels We got the bullish cross here the 50 S&A crossing above the 180 S&A on the Dow intraday chart That is a good sign That's a good close for the Dow that hey We might potentially be filling up the gap tomorrow with the way this ended up closing and of course the futures guys are Super important watch the futures tomorrow pre-market if they're gapping up green There's a good chance the markets could run tomorrow, but let's say they're dumping right Let's say they're red that can mean the gap down might continue the downtrend that we've been on Really since today could continue right on the five day five minute you guys can see the markets have been going up But let's say you know the gap down continues tomorrow We'll most likely notice that from the futures being read in the beginning of the day and how the market Reacts and how the market goes through you know out the gate in the beginning of the day 930 a.m. Eastern Standard, and I'm sure it's obviously different time periods if you're in You know different parts of the world so Dow Jones guys, you know, we see on the five day five minute It's kind of holding this higher low here from the previous right kind of similar to the S&P on the 20 day You guys can see it's holding literally kind of the same pattern as the S&P because on the S&P We bottomed out on the 15th of August and then we made higher lows in the middle of August or towards the end of August Rather a couple of times. Let me just pull up the S&P. It's literally identical, right? Take a look at the S&P chart take a look at the Dow chart. It's literally identical So now the fact that we are breaking out of the moving averages here on the one-hour chart We're actually holding them as a support This is a pretty good sign that the Dow could end up popping and filling the gap tomorrow But we just have to watch these futures guys. We could end up popping up to 26400 that is a level of resistance that I'm seeing here, but just keep an eye on those futures So that's kind of the market breakdown for today I'd love to know what you guys have to think about the markets down below Is this a bull trap, you know, is this setting up for a potential, you know You know people might go long tomorrow and then the markets dump, you know, is this trapping us I would love to know what you guys have to think about that down below in the comment section So let's talk about very briefly what I did today and like I mentioned in my previous video I think I uploaded last on Sunday. I was in BAC Bank of America from last week I got in at around 2720 and when I saw the market futures down a pretty decent chunk on Sunday I was thinking to myself crap I'm in a bad trade right now because if the markets gap down like they did most likely BAC is going to gap down and I'm going to be red in my position. So I didn't make the smartest move by You know hopping into BAC knowing the tariffs are going to kick in that wasn't really a smart move on my part And I ended up losing a bit of money today on BAC because again, I didn't really thoroughly analyze it I didn't really think it through a hundred percent that does happen sometimes guys And if we go to the five day five minute you guys can see what I'm talking about So I got in I believe it was this day or this day whichever day that doesn't really matter But my average cost was 2720 right I got into BAC and I held it over the weekend And then boom it fell right off the cliff hitting lows at about $26 and 70 cents and you guys can see you know if my average cost is 2720 You know 2725 it's a roughly around that area You know if we're going down if we're selling off to 2672, you know I'm already down 2% at that point, but the fact that we jumped out of the gate Very aggressively selling off. I just cut my losses guys to be honest I just cut the losses right here because this was extremely aggressive. This was not even Consolidating it seems like every time it tried to consolidate and maybe pop up it got hit It got rejected even harder and the selling started to kick in very very aggressively So I just took a little bit of a loss like I said in Sunday's video I kind of predicted that I was going to do this to be honest because again the futures were down I figured BAC would be down and I would want to hop out just to be safe. That's exactly what I ended up doing I didn't lose a lot of money Right. I think I got out at about like 2690 right around here, you know 2690 up to about 2720 You can see that's about a 1.1 1.2% loss and that's okay guys You know sometimes you lose money of course sometimes you make money. It's all a part of the game here So despite me losing money on BAC, it's actually one of the stocks I'm going to be watching here on this potential pullback as a potential swing trade again Right, this could be an entry point tomorrow opening up an entry point if we do end up holding $27 holding this 180 SMA support tomorrow on this one-hour chart like we are right now at the close of the market I think this could be a very good opportunity for a reentry and that's sometimes how it works guys You know you take a little loss on a stock, right? You play it safe and then you look at the stock again for potential reentry It's not revenge trading It's making a sound decision if the stock's actually looking good again, right? If it was you know looking crappy down trending I'm not I would obviously not hop into it But the fact that it is looking like it's holding a higher low here despite the massive dip Holding you know the 180 SMA and on the smaller time frames. It's looking pretty decent as well this breakout above the 50 SMA This is giving me some signs that hey, this might be a good opportunity to re-enter But I'm going to wait and see how it goes tomorrow how it's moving pre-market. That's very very important So that's actually one that I'm watching so that's one breakdown of a stock there You guys is another one that you guys saw in the title that I'm watching very heavily and if you guys watch my video on Sunday What are we talking about with natural gas guys? It's literally coming to life right now? It's coming into fruition. We were talking about the $2 and 40 cent Resistance and we zoom in here and I'll show you guys even further here and explain what I'm talking about So we saw moving back a little bit, you know rewinding a little bit 230 was a very strong resistance on natural gas, right? We noticed how in June it was a strong resistance We dip below it then pop making it a new support and then in July the middle of July We broke 230 making it a resistance again And we actually got rejected towards the end of July again before selling off very frantically to two dollars and two cents on Natural gas and we also got rejected again at 230 in the beginning of August So there were multiple rejections in the past three four months on Natural gas really the past three months at 230 and now that we've been reversing to the upside 50 SMA is crossing the 180 SMA on the 184 hour chart. That's a bullish move there we've been making higher lows ever since we bottomed down at 202 and Again, we popped above 230 That's a good sign that we could be filling the gap back up to two dollars and forty cents here Notice how we actually pulled down was this today? Yes, this was today We pulled down and we confirmed 230 as a new support and we pushed to this high or high to 236 which is extremely Extremely important guys when I see a stock ETF future whatever it may be when it breaks out of a resistance the next thing I want to see it do is pull down and Confirm that resistance as a new support or that old resistance as a new support, right? And natural gas did exactly that today, which is making you guys honestly the most Valuable ETF in my opinion or ETN rather over these next couple of days as long as Natural gas holds the trend that it's on right now and for those of you guys I don't know what I'm talking about with natural gas and you guys will you guys as an ETF or an ETM that trades based upon Natural gas it goes up whenever natural gas is going up at a 3x rate So let's say natural gas is up 3% you guys is going to be up 9% right? That's how it works. So here we can see exactly what I'm talking about We actually double bottom triple bottom that actually maybe even a quadruple bottom here On 230 as a new support one at 9 0 5 a.m. Yesterday on Monday Another one 6 p.m. Yesterday on Monday and another one this morning 5 25 a.m This is all Eastern Standard Time on Tuesday and then another one when the market was about to open at about 8 45 a.m And that's when we shot up and pushed to that high or high really just confirming and continuing the uptrend So this is looking very juicy to me guys honestly if we go back to the 184 hour We might be pulling back a bit as you're seeing here this red candlestick We might be pulling back a bit maybe 233 whatever it may be low 230s But this could be a perfect entry point dip by on you guys if natural gas continues the trend and fills up to 240 And let's go to you guys very quickly and see You know you guys was up 8% today at one point I think it was up 10 11% so you can see how big this moves when natural gas makes You know a decent move because again, it's a 3x Leveraged ETN so you can see on the 20 day, you know from $10 up to $16 That's quite a move over the past roughly month at this point And if natural gas does make that pull back to the low 230s, you know this could go down to the low 15s Maybe maybe 15 20 maybe 15 30 and this could be a very good dip by especially if we hold the 50s to may as a Support and especially if natural gas again continues its trend So that's kind of what I'm watching here with you guys and with natural gas Let's say we pop above 240, you know We have to hold that as a support and that point in time You know if we do then the next level I'm going to be watching on natural gas is going to be around 248 to 250 which was a resistance from back in the beginning of July in 2019 so those are you know really the main Points that I wanted to get across, you know regarding to you guys and regarding to Natural gas that's what I'm watching. That's personally what I'm waiting for to get into this trade I want to see a pullback potentially on natural gas and then get in on the dip Tomorrow hopefully if everything does end up playing out So the next stock I want to talk about let me pull up my phone because I am blanking out right now and what that stock is Okay, okay, okay Apple guys a APL Apple is under pressure right now There's no lie about that because Apple has a lot of its business tied up in China the China and the US Relationship the Chinese the US relationship right now obviously isn't great That's putting a lot of a damper on Apple and I feel like it's kind of putting a cap on the stock right now On Apple right we can see you know the stock's not been doing well over the past couple of weeks It's really not been going anywhere, but judging on the 20-day one hour This could potentially be a point where we might see a little bit of a move to the Upside here and I actually drew these trend lines like a couple Like probably a week ago and it ended up playing out exactly to these trend lines. Look no joke guys I didn't draw this before this video. This was like a month or like a week ago Whatever, but just showing you guys, you know, we went down we popped up Now we could do this right we could dump here If we break the trend line that I just drew and the fact that we're holding the trend line that I just drew Into the market closed today. This could be a point in time where we potentially ride back up and retest $210 if we pop and break the 50 and the 180 SMA here on the one-hour chart This is very possible, right? We have to see if it's gapping up pre-market tomorrow if the markets are green tomorrow This is probably going to be a safe quote-unquote safe mini swing trade Back up to $210 because if the markets rally for a day or two Apple could be very very good trade a very attractive position here again Nothing safe guys. That's why I put the quotations, right? Nothing is safe in the market But this to $210 markets green Apple usually does well when the markets are green That is something that could definitely happen here But if we break the trend that I just drew, you know If we start pushing down this trend line that I drew last week might end up playing out And at that point put options could be a decent play shorting the stock Although I never short stocks that could be a good play for you, maybe and Honestly, I won't be looking to swing trade it if that does end up happening So Apple I'm watching it But certain things have to fall into place certain puzzle pieces have to line up You know for this to end up being a trade tomorrow But of course, I'll let you guys know and we'll be talking about it, you know in the discord chat So one more actually two more very quickly before I do end off this video I know this video is probably long right now, but all you loyal subscribers that are watching out there I really appreciate you guys. You guys are the best you guys are awesome in video This is actually a short term a short potential put option play a short play if this ends up breaking the You know the support of this wedge that I've drawn out here and I actually drew this out And I was thinking to myself, you know in video really could do one of two things at this point If we zoom in a bit you can see this wedge that I'm talking about right We hit a low of 130 popped up here to a high at about 176 over the past couple of months We pulled down held the higher low at 150 we popped and we made a lower high from the previous at 177 right, you know the lower high at 170 we hit another lower high at about 168 putting us in this wedge because we're making higher highs or rather we're making higher lows But at the same time we're making lower highs. So depending on which side we pop here on Nvidia If we break out of the resistance, this could be bullish right very bullish But if we break below the support here, you know if we break down into the 150s This could be a very good put option a very good short play Honestly that I'm going to be watching heavily guys, but at this point, you know Nvidia I feel like one of the moves up when it moves green It's on fire right but then when it moves down when it's red it gets bashed guys It gets bashed five percent in a day down five percent the next day It just gets killed right we can see, you know Multiple scenarios of when the stock dropped heavily and the matter of a couple of trading days, right? You know from 178 on the 23rd of July and went all the way down to 145 on the 5th of August That's like a 10-day move. It went down 30 bucks a share. That's insane, right? We can see here, you know back in May it went from 170 all the way down to 130 So this stock moves down heavily, which is why I'm thinking if it makes this downwards move here This could be a very critical, you know break and a very bearish Sign right that it might start selling off aggressively again Which we can profit on that downside if you know how to trade The downside right which is very important as well, but probably a bit more advanced, you know An advanced strategy out there, which is you know trading options and trading Short doing going short rather which I never do right. I never go short. I do put options Sometimes right on long-term positions or stocks that are looking like they have a lot of downside and in video This could definitely be one, you know, if we do get into that scenario that I just talked about So j-nug guys before I end off j-nug is one more that I want to talk about I talked about this one on sunday's video ended up playing out perfectly to the way I talked about it But I never got into it But we held that 50 sma on the four hour we popped above it now It seems like we're fiddling with 95 96, which is a resistance from last week, right? We're fiddling around that area and gold if we look at gold very quickly guys We can see gold actually popped and it's retesting that resistance level at about 15 55 15 60 that rough general area. So we might pull down on gold. We might hold that 50 sma as a support again We might hold 15 45 who knows right but gold and gdx They need to continue to move gdx is what really j-nug trades based upon right gdx goes up J-nugs going up as well So if gdx and gold continue to move if the markets get rocky, right the markets go down People are flooding to gold j-nug could continue to be a very good play And you know, honestly j-nug might be touching a hundred bucks again very very soon But be careful right if the markets go green, right? You know gold might go down a bit in the near term Which is why it's super important and as you guys probably have realized I watch stocks and I have different, you know trading strategies for different scenarios in the market So I'm thinking okay the markets go up if you know You know the trade war, you know the sentiment becomes a bit more positive Which I don't think it's going to but hypothetically speaking here You know apple could be a swing trade that I'm looking at from 205 to 210 But let's say the markets end up getting rocky volatile gold starts to push Because that's what usually happens when the markets get rocky and volatile I have j-nug right I have j-nug that I can go to and make money on the downside And of course I have market ETFs that I watch TV IX is a volatility etn Goes up when the markets go down when there's a lot of volatility So it's very important to just have a bunch of different Plans lined up strategies lined up for different scenarios in the market So you can make money when the markets are green you can make money when the markets are red That's very very important So I'm going to wrap up the video here guys if you enjoyed it If you found value in it feel free to go down below and hit that like button Consider subscribing if you want to see further content for me and drop a comment down below Let me know your thoughts on the market. What are you trading? What stocks are you watching coming up and where's the market going guys? I want to know your opinion. Is it going red right now? Is it going green? Let me know down below. So I'll catch you all in the next video I appreciate all of you guys watching you mean a lot to me. Peace out