 What is going on everybody, Astos here. Welcome back to another video. So in this video, we're going to be talking about an overall market update looking at the Dow Jones, the S&P 500, and the NASDAQ. And we're also going to be talking about one trade that I made today on Christmas Eve, the 24th of December in 2018. So for all you guys that are new viewers out there, my name is Stos, and I make videos dealing with swing trading, day trading, long-term investing, and my personal philosophies and strategies when it comes down to investing and trading in the stock market. So for those of you guys that want to learn more about that, feel free to drop a like, leave a comment, and subscribe. And follow me on Instagram, as well as on Twitter, and join our Discord group chat, as well as our Facebook group. All of those are linked down below in the description box. And if you guys want to be a part of a community of about 370 active investors and traders, join our Discord group chat. It's 100% free. We're talking about stocks, investing, trading, you know, news, strategies, philosophies, and just helping each other on a day-to-day basis become the best possible traders and investors that we can. So if you guys want to be in contact with me on all those platforms and the rest of our community, again, all those links are down below in the description box. And let's talk about what happened today in the overall market in drumroll, please. It was another red day. It was another red day in the stock market. The Dow Jones was down 653 points, down 3% on the day. The S&P 500 closed the day down 65 points, down about 2.71% and the NASDAQ guys down 2.72%. Down 165 points. We cracked $6,000 on the NASDAQ guys. We're at $5,800. And this was the worst Christmas Eve historically in terms of the Dow and the S&P 500. This month of December, guys, has been absolutely brutal for every single index in the entire stock market as a whole. This has been one of the worst December's to date in terms of the stock market. And let's just get talking about this, guys, what's going on in terms of these technicals for the Dow Jones. And we're going to look at this a little bit closer here. And for those of you guys who've been watching my videos for a while, I talk about every single index in the beginning of every single video so we can get an understanding of where the overall stock market is moving so we can base our short-term trades on that. And obviously, since the beginning of October, guys, it's been absolute bloody death. It's been like hell in the stock market just to put it in a short phrase. It's been like hell in the stock market over these past couple of weeks. And we can see that right here, guys. The Dow Jones is right on the brink of entering a bear market. For those of you guys that don't know, when an index falls 20% from its high, that means it's entering into a bear market. Obviously, 20% or more. But anything, 10%, 15% drop, that is considered a correction. So as of right now, we're down about 19% on the Nasdaq. And we've been rapidly selling off. And this just shows how much panic has been in the overall stock market over the past couple of weeks, guys. Take a look. The selling here, I thought this selling was bad, right? I thought this selling was bad. But ever since, honestly, the beginning of December, it's been even worse. We've cranked into a different gear in terms of this selling. We were selling off at a decently quick pace here, but ever since December, guys, we've just been nosediving in terms of these candlesticks. The selling has been rapid. And the panic selling has really been kicking in over these past couple of days, especially since the interest rate hike, the government shutdown with Trump, the trade war, the tariffs, all of these uncertainties have really been weighing in on the markets. And typically, when we have, typically, we have strong December's historically in the markets. And this December has been terrible. We can judge it based off of what the Dow is showing us. We've pretty much lost 15% in the overall Dow Jones, roughly 15, actually, is it 15, guys? I don't want to give you false information here, but we can see from this bottom out right here at about 21,800, up to where we were to begin this month, we are down about 15%, 13%, 14%, 15%, in the Dow Jones, and we're breaking through every support over the past one, two years at this point. We can see here on the three-year one-week chart, we've broken every support from this past year of 2018. We saw a big sell-off back in February and March. We broke that support. We were testing the support yesterday, actually, this support from earlier in 2017, September of 2017, to be exact, at about 22,300. We broke through that support today. And now we're going to be testing a support from back in August of 2017, this upcoming, this next upcoming trading day, which is obviously not tomorrow because tomorrow is Christmas, the markets are closed. But on Wednesday, we're going to be testing this $21,600, $700 support level from back in August of 2017. And guys, I've really been talking about this over the past couple of videos that the selling is still happening. They're still going to be more red in the coming weeks, in my personal opinion. And we're just continuously breaking through support levels from years ago in these major indexes. Right, guys? So now if we break below this one, the next one we're going to be testing is this 180SMA on the three-year one-week chart, which is going to put us right at around $21,000 for the overall Dow Jones, guys. And if we get to this point, that's a 6,000-point shed in the Dow Jones from the beginning of October. And obviously, I'm going to be trading mostly market ETFs and inverse ETFs during these times. You know, I'm not really swing trading any large cap stocks or stocks in general while the market is selling off and in an extremely volatile stage. Because we've talked about this, a lot of the charts are looking terrible. And why would you want to swing trade charts that look the way that they do? I've pulled up Facebook's chart, Apple's chart, they look terrible. These are not ones that we would want to swing trade, but we would want to day trade inverse ETFs. And that's what they're really meant for to begin with, because they are volatile and they do offer percentage, really nice percentage of margin every single day. And that's what I've been seeing success with. And that's what I've been sticking with over these past couple of weeks of this massive sell-off that we've been seeing. And just judging off the S&P 500, guys, we're breaking that trend that I was talking about in the previous video, right? This trend stemming back from 2008. And we can see this trend has been a very good support, right? We noticed the bounce here, it bounced here again, bounced here again. And now that we've seen the big sell-off from about 2940 in the S&P, you know, all the way down to where we were yesterday, I figured that this could potentially be a consolidation spot or a bounce spot for the Dow Jones, or for the S&P rather. But the fact that we broke below it now, and we're testing the 50 S&A on this 20-year, one-month chart, guys, not looking too good. And again, like I mentioned in the previous video, and I'm going to say it again, if we do break this level, guys, that's not going to be a really good sign at all for the S&P on a technical basis. And just keep an eye on this, because again, we'd like to keep an eye on the indexes to really just decide what we're going to be trading in terms of stocks and ETFs. So let's see how far the S&P has fallen as of right now, from this past high in October. And we can see, guys, it's literally fallen about 20%. So the S&P is officially in a bear market as of today, Christmas Eve, December 24th in 2018. So in the terms of the S&P, guys, just keep an eye on that 20-year chart. Keep an eye on that trend. And just keep an eye on whether or not we're going to be holding above. We've obviously broken below all of these supports. But just keep an eye on this three-year chart, guys, on previous levels that we saw in terms of the S&P. So now that we're breaking that trend on the two-year, or the three-year chart, rather, just keep an eye on these previous levels for the S&P. We're technically out of support right now on this three-year one-week chart at about $2,300. So keep an eye on that. The next one after that could be around 22-25. So keep an eye on that level. And obviously, guys, with the state of the market that we're in right now, this rapid selling, us entering into a bear market, large caps falling like crazy, and really just the short-term news pointing towards more downside, I wouldn't be surprised if we do break this level and start to push down to $2,200. And eventually, if we get deeper and deeper into a bear market, nothing clears up in terms of these short-term frustrations. I would like to call them in the market with Trump, China, the government shut down, all these different things. We could potentially get to this level down here. But again, just keep an eye on the news, what's going on in the short-term, because that's really going to fluctuate. What is the markets as a whole, and what's been going on in the overall stock market? So, again, the S&P down about 20% officially in a bear market. And keep an eye on these levels here. And just judging off the NASDAQ guys, this one, again, is breaking through a lot of these supports that we've set over the past couple of years now. This one, obviously, we broke the one from this past February, March. We broke this one today with this 165-point loss, and we broke down the $6,000 level. So now we're going to be testing a support from back in September, in the September of 2017, at around $5,800, and $0.5850 at this point in terms of the NASDAQ. So there's a lot of support levels here. And again, like I've been saying, guys, there's more downside to come in my personal opinion. And these support levels are very, very critical for the NASDAQ. And this is just something that we have to keep an eye on to determine what we want to trade in the overall stock market. So now that we got a better eye on what the technicals are looking like, new support levels for the main indexes, and what direction we see that the major index is falling or headed towards, let's take a look at what I traded today. And I'm sure a bunch of you guys can already guess. Yes, it was TVIX. And today's trading day was very quick for me, guys, because to be completely honest with you, I'm an last minute person when it comes to shopping, right? I don't shop for myself really ever, right? I'm not one of those people that loves spending money on clothes, shoes, I'm more conservative, I'm fine with getting really cheap stuff once a year just to hold me on for that year. And when it comes to me buying stuff for other people, especially for Christmas, I procrastinate because I'm not the best of shoppers because like I just said, you know, I don't really shop. So I really just, you know, traded quickly today, and then went shopping to the mall, right? That's what I pretty much did today. So if I wasn't too active in the chat, you know, that's pretty much why because my lazy behind, right? My lazy butt waited till the last minute to do a lot of my shopping, not to say that I waited to do all my shopping today, but I would say about half of my shopping was left to today, right? I had ideas of what I wanted to get, but I didn't execute on buying those things that I wanted to get until today. And that's just how I roll guys, you know, I don't know why I'm like that, but that's just how I am. So drop a comment down below. Let me know if you're like that. I saw some pictures actually in the group chat of people shopping and showing their, you know, Christmas gifts. So I guess I'm not the only one in this circumstance. But, you know, I traded TVX today, guys, like I said, early on in the morning, and let's just see what ended up happening, you know, obviously, the markets are selling off very quickly from the get go. And that's where I ended up trading TVX. So I waited to see some consolidation here, guys. And I wanted to see if it was going to push past these, you know, pre-market highs at around 74 ish dollars, right? And I figured if it broke out of that resistance and the markets continue to sell off, that would be a good indication for me to hop into TVX. And we saw that exactly that just happened. You know, we broke out of that resistance. The S&P continued to sell off pretty heavily in the morning. And we saw that rebound, you know, at about what time was that at about 10 o'clock. But at that point, to be completely honest with you guys, I was already out of TVX. That's how quick of a trade it was. And, you know, it actually worked out very well. Because again, you know, I needed to shop today. And I needed to trade pretty quickly today. And that's what ended up happening, right? And obviously, it doesn't always happen like that. You can't always be like, I'm trading 10 minutes today. And I'm going to be done, obviously, some days are going to be two hours, some days are going to be 30 minute sessions, some days, three hour sessions, you really don't know. But, you know, for the most part, I'm trading within 930 and 12pm Eastern Standard Time. But today, it was really from 930 to about 10am, right? So 30 minute session for me today, very quick, and I'll show you guys exactly where I ended up taking the position. So we started to sell off early in the S&P 500. And I jumped into TVX, right? I believe at around like $74. And what was it? Like $0.16 to be exact with you guys. And I'll show you on this closer term chart here on a zoomed in chart. We broke out of that resistance. Now we start to see very quick movement in TVX. And I got in, you know, honestly, at around $74.16, like I said, we pulled back held a higher low from the previous low here, ended up adding a little bit more money as we started to push back up, I believe at around $75.45. So from $75.45, and I added the initial balance at around $74.16, my average cost was right around here, I believe at around like $74.90. And from $74.90, guys, I took about 2.8, I believe on this trade, 2.8% profit right around here, I sold off at like $77. And my reasoning behind this, just like every single trade that I execute that works in my favor, because again, you know, I take losses, everyone takes losses, but the ones that work to my favor, the way I, you know, the way my mind works in terms of when I'm going to sell is I try and wait for a higher high push in the ETF stock, whatever I'm trading on the intraday chart. And in this case, that was around $77 before I take my profits or some profits off of the board, right? And, you know, this works because, you know, if we do and it works, and it works other ways too, let me just show you guys an example here. So like I said, you know, let's say I got in at $75, right? We pushed up here, that was a higher, a high from where I bought, we pulled back, and then we pushed up to another higher high. Well, what happened before we pushed to this higher high? And what really made me understand that I'm going to hold through this push was that once we break a resistance guys, right, that means a stock or an ETF is pushing and trying to advance to the next higher high. And that gives me more incentive to hold, right, to hold that stock. Because if we were getting rejected here, and this happens a lot, guys, and we started to see a double top action, I would take my profits in that particular instance as well. But the fact that we were breaking above it here, you know, made me realize that there could be some more profit in the tank for TVIX. And the fact that we, you know, broke above it here again, right, out then, then as it broke here, right, as it broke here, like I said, guys, we pushed to another higher high, we pulled back. And once we tested this resistance, again, I was either going to I was either going to sell here, if we start to see a double top, or I was going to wait a little bit more if we broke above. And this is what happened in today's scenario, right, we broke above that, right, and I sold off at $77 for about 2.8%. So drop a comment, let me know if you guys follow a similar, you know, similar strategy when it comes to selling your positions, right, and I hope I didn't confuse anybody there. It's just very simple, right, if you see a double top start to form, that might be a good opportunity to take your profits if you're in down here, for example. But if you see that we are breaking out of that resistance, right, that couldn't mean there's more profit in the tank. And it's all about watching what the candlesticks do, and what the technicals are telling you. And in this situation, guys, perfect example here of a double top. See, you notice here, guys, we didn't end up breaking up for another high or high here in TVIX. So if I were to wait this long to take my profits in TVIX, and I was noticing that we weren't breaking up for another high or high, you know, this double top formation could give me an indication that, you know, this one might be done running for the day, it might be time to take profits. And you know, if you were to follow that strategy here, you know, you would have done well, because after that it sold off pretty rapidly. So that's what I traded today, guys, again, very quick 30 minute session for me, because I procrastinated and had to do some shopping. But drop a comment down below, let me know what you guys ended up trading today. And you know, that's it for this video, I don't want to hold you guys too long, there is a bunch of new stuff that I do want to talk about. But again, it's Christmas Eve, I don't want to drag this video on too much, you know, see, I had some new stuff that I want to talk about here. But you know, we kind of briefly talked about that, you know, the Dow and the S&P largest decline on Christmas Eve ever, that's pretty big in terms of my opinion, guys, in terms of news. And we saw, you know, just to get into this very quickly before I do end up shutting this off, you know, we saw crude oil fall pretty heavily today. There was a bunch of news with Trump and the government shut down. And, you know, I'll link this down below in the description, because I don't want to just sit here and read this and waste more time in the video. But if you guys want to read this, this is a pretty good recap of what happened today. And pretty much this week in the stock market, I'll link it down below in the description box. I hope you guys enjoyed this video. If you did, feel free to drop a like, leave a comment, subscribe, follow me on Instagram and Twitter, and join our Discord as well as our Facebook group. All of those are linked down below in the description box. I hope you all have a great Christmas for those of you guys that do celebrate Christmas. And if you don't, I hope you guys have a great off day tomorrow and whatever you do do. So again, I'll catch you guys in the next video. Have a great holiday season. Peace out.