 What is going on everybody? It's Stas 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 going to be doing a quick trading update as well. What am I personally trading? What did I do today in terms of my trades? And we're also going to look at some other stocks and ETFs that I personally see potential in here towards the end of April, heading into the May month of 2019. But before we do get into all of these different topics of today's video, for everybody out there that finds value in these videos, you enjoy the content here, me breaking down stocks, me talking about stock news, the overall markets, feel free to go down below and hit that like button. It really supports me and supports the channel in general. And if you enjoy this video and you're a new viewer, consider subscribing later on in the video if you do enjoy the content. So without further ado, guys, let's just hop right into it starting off with the S&P 500 like we do in every single video, guys. And today, we finally hit that all-time high. So last week on Friday, we were about a dollar and three cents away from all-time highs in the SPX. And we can see today, with that pop that we had earlier on in the morning, we were up to $29.4952, which is a historical moment. All-time high was set today on the 29th of April in 2019. We ended up closing the day. On a bit of a downswing here, if we go to the one day, one minute, we can see that, you know, a little bit of a downswing, but we still ended up closing up $3.15, up 0.11% here at the close. In terms of the Dow Jones, very, very minimal green day here, just like the SPX guys, we were up 11 points here, up 0.04%. We had a nice uptrend for the entire day, then towards the latter half. Really, the end of the day, literally like the last 20 minutes, we ended up dumping and closing. Still green, but it's just very, very slight green day here for the Dow Jones Industrial Average. Going over here to the NASDAQ guys, take a look at this dump that we saw at the close of the market. We saw go from 78.57 all the way down to about 7,800. This one's down about 60 points to where we are right now. And this is the future, mind you. So this is tracking, you know, real time what it is, you know, right now. But at the close of the market, if we can see, you know, exactly where we were, we were roughly at about 78.54. So that was a pretty, was it a green day? Yeah, it seemed like we did close on a bit of a green day on the NASDAQ, but the big drop here is a bit worrisome. And I'm going to be watching it tomorrow to see are we going to keep this uptrend on the 50 SMA, Simple Moving Average, but we're going to be talking about that in a couple of minutes here. Let's just go back to the SPX very quickly. Honestly, guys, like I mentioned in the last video, you know, I thought that there was a 90, 95% chance we were going to hit all time highs on Monday, which is today, we clearly did that. And now that we did that, what we're looking at in terms of a new support level for the S&P 500 is really that old all time high from back in October of 2018, where we were back in October, roughly at about 2940. So the fact that we broke out of that today, we broke to an all-time high, now we need to maintain that level as a new support for this uptrend to continue, right? Let's say we pull back and break that level and we slowly start to sell off, the next support level we're going to be looking at for the SPX is going to be roughly 2925, right? Or actually no, the next one's going to be if we zoom in a bit here, I know it's a bit hard to see, but if we zoom in the next support level, if we break 2940, again, the all-time high from back in October is going to be at about 2935, which was a resistance from a couple of days ago. We obviously broke above that, making it a new support level, right? And if we break that level, we're going to be going down potentially to 2925, which is the next support level. And at that point, we're going to be right on the 50 simple moving average support, which has been a support over the past couple of weeks. And if we judge off the 184 hour, the past couple of months, right, that level has been a strong support. So just keep an eye here, guys, remind you, the SPX is at all time highs. Again, I can't really stress that, you know, I've already said it a couple of times here, but as we get higher and higher, as we continue to push up, the markets are getting more and more overextended, more and more overbought in terms of the relative strength index here. And that in my personal opinion, is a bit worrisome, right? Because we couldn't end up seeing a correction like we saw, you know, back during this time period here, right? We almost got a bit of a correction here, very minimal, but we ended up popping back up. So keep that in mind, right? Am I saying we're going to get a correction like this one here, where we dropped 20%, maybe that might come here in a couple of months. But I'm not saying that we're going to get that right this minute, right? But I do think there is a pretty good possibility that we get, let's say a 2%, 3% correction, especially if the markets do get to that $3,000 level in terms of the S&P 500, I do think we might sell off from there. So the Dow Jones, again, not crazy in terms of what it ended up closing at today, just up $11, but it seems like we're still trading over the past, like I've been saying over the past couple of days, in between the level of 26,200, right? The support level or 26,400, rather, and 26,800. So we're in this $400 level now in terms of the Dow Jones. We popped up to 26,700 a couple of days ago. We sold off, retested that support right here at 26,400, which is a very good sign that we're continuing the uptrend at a higher low from the previous. And now we're just simply maintaining the trend, right? You guys see this trend that I've drawn out right here, the one that I'm outlining with my mouse right now, we're still maintaining that on the Dow, which is a good sign that the uptrend is still intact. So there's honestly not much to say, right? Just keep an eye, you know, are we going to break out of 26,700 where we got to a couple of days ago? Are we going to test 26,800, right? And if we break that level, the Dow Jones is going to be at a one, you know, at a one-stop shop to the all-time highs, right? If we break that level, you know, that is the next level that we need to see before we get to those all-time highs. So that's what I'm looking at in terms of the Dow Jones industrial average. Now, back to the NASDAQ, the NASDAQ last week was hitting all-time highs. It feels like day in and day out, right? I don't think it was every single day that we hit an all-time high, but it was a couple of days in the NASDAQ last week that we did hit all-time highs. We see it here at 78, 79.5. That's the all-time high for the NASDAQ. We pulled back a bit. We tested that 50 SMA to higher or low. We continued the uptrend. All was good. But now we're seeing a bit of a double top here on the NASDAQ, right? On the 25th of April, again, we hit that all-time high. We pulled back, right? Later that day or it might have been, yeah, later that day, we popped up up until the 29th of April, which is today. Then it seems like we hit that same resistance from the all-time high, and we formed a double top, right? Now, we're selling off aggressively. So this in terms of a double top, right? For those of you guys that don't know, a double top is a bearish pattern, right? When a stock ETF index or future has difficulty, right? Breaking out of a resistance, that forms a double top, right? And the fact that we're selling off aggressively here, this tells me, me doing my technical analysis right now, that this double top is very valid. So what I'm going to be looking for in the NASDAQ, very simple here. If we break the 50 simple moving average support here that's been a support over the past couple of months, very clear to see that. If we break that level, that's going to really instill that double top and really confirm that it is a bearish pattern, especially if we slowly start to test the 7700. If we break that level, and we slowly start to get back down to 7600, this is going to be very worrisome in terms of a bigger sell-off on the NASDAQ. But until we break that 50 SMA, and it seems like we are forming a bit of a green candlestick here, so this could honestly just pop up tomorrow. Who knows? But until we break this level, guys, the uptrend on the NASDAQ is still intact. So let's talk about what I did today in terms of my trading. So you guys that have been following the channel for the past couple of videos now, you know that I'm in a couple of swing trades. I'm in Procter and Gamble right now, which I pretty much just held that one today. I didn't really add more to the position. We did see a bit of a sell-off in Procter and Gamble, which honestly, guys, was a bit expected due to the big run that we had this past week, right? If we look on the 5-day, 5-minute, you know Procter and Gamble popped up a lot this past Friday, right? From 103.6, it hit 106 after market hours. So the big pop here, honestly, I wasn't expecting it to continue to run up into the 107s, 108s. This pullback, in my opinion, was very healthy, right? We're still maintaining a higher or low in terms of the close from the previous close. This is a good sign that the uptrend is still intact on Procter and Gamble. Not worried whatsoever and still holding this one with a target to sell roughly at about 108 to 109. So that's a quick little swing update on Procter and Gamble. Facebook is another one, guys, that I ended up getting in on Thursday or Friday. It was last week, some day. I'm in at about 193-ish right around that level. So I'm up a bit on the position right now. We saw Facebook did very well today, $194.78 at the close is what the shares are priced at right now. We had nearly a 2% day, up $3.29. And in terms of technicals on Facebook, we have to draw or look at a bigger time frame here, the one year, one day. So they reported earnings last week for those of you guys that were paying attention. I'm sure you saw it. The stock went all the way up to nearly $203 per share, which just happens to be a resistance from back in June of 2018, right? So we popped up there, sold off back down to the 190 level, which just happens to be a support level from back in July of 2018. So pretty much what I'm seeing here, guys, and why I'm comfortable swinging Facebook and why I didn't cut losses when we dipped down to the 189 level, because it seems like we're maintaining this horizontal channel from 190-ish to 203, right? And for those of you guys that watched my video last week, I talked about how in Facebook, my plan is to add more to the position at about 195-ish dollars, right? We almost got there today. I want to see how the stock does tomorrow before I do add more money into it, but it's looking pretty good. The 50 SMAs being maintained as a support right now on the 20-day one hour. After hours, we're seeing a green candlestick starting to form on top of that. Pretty good sign there in terms of Facebook. And in my eyes, guys, Facebook right now is simply a hold. And that's what I'm doing in terms of my swing trade position. So Apple, if you recall from Friday's video, Apple is one that I was also in today, guys. And I ended up selling out of Apple on the morning spike, right? This is a weekend swing trade. I hopped in on Apple due to us maintaining the 180 or the 50 simple moving average support rather on the close of Friday's market. So I got in, I believe it was roughly, if we go to the one day or rather the five day five minute, I believe I got in, I don't really remember exactly where I got in, but it was roughly the 204 level on Apple, right? And we saw a big pop-up this morning nearly up to 205, 206, honestly. I think it almost did hit 206. If we look here a bit, yeah, it was about up to 205.97. And this was, in my opinion, an opportunity to just hop out very quick little profit on Apple on an overnight swing trade, because earnings are tomorrow actually on Apple the 30th of April. And I usually, typically most of the time, 99 to 5% of the time, I don't hold through earnings because a lot of the time stocks go down 5, 10% on earnings. Sometimes they go up 5, 10%. And I don't want to be caught on the negative side of that, right? I don't want to be an Apple if it goes down 5, 10%. And I get caught with a big loss. I don't want to do that to be quite frank with you all, right? So I just hopped in and out of this one quick weekend swing trade. And we can see Apple is dipping very hard here after market hours. It's down to about 203. So I think I made the right decision here, guys. Who knows? The shares might pop up to 210 tomorrow. We don't really know when they report earnings. Of course, we will see what does end up happening. But I feel more comfortable just waiting until after earnings to get into Apple. And if you guys want to see a more in-depth video on me talking about trading during earnings and why you should be cautious, go check out the video I made a couple of videos ago. It's literally called Warning Trading During Earnings Season. Go check it out. It's a shorter video. It's about 7, 8 minutes long. And I guarantee you guys will find a ton of value in that video. So in terms of my swings, guys, that's what really happened, right? Apple, Facebook, PG, sold out of Apple, still in Facebook, still in Proctor, and Gamble, right? So what I did today in terms of my day trading, and you saw in the title of today's video, which is going to segue into what I'm watching for the rest of this week and heading into the May month, is UWT, the crude oil ETF. And we talked about this one in my top 10 stocks that I'm looking to trade in May video that came out yesterday on Sunday, the 28th of April, right? We saw the big sell-off in crude oil, which obviously brought down UWT because whenever crude oil is selling off, UWT is selling off whenever crude oil is going up. UWT is going up as well. So why I found UWT attractive today, because again, we got the big pullback from about $24 all the way down to about, did it hit $19? I'm not too sure to be completely honest with you all. Yes, we hit $19.76, where we ended up maintaining the 180 Simple Moving Average Support here on the 184-hour chart, which just happens to be a support over the past couple of months, which is a very, very good sign here. And it honestly just opened up a very nice, fat margin of profit. I believe it was around 15% to 20% on UWT. And if we're going over here to crude oil, guys, let's see slash CL, right? Let's take a look at what crude oil has been doing, right? We topped that about $67 nearly. We pulled down all the way to about 62-ish, and we're maintaining the 180 Simple Moving Average as well, right? We got a couple bottoms here. We retested the support a couple of times, which is a very good sign. And now we're slowly starting to push up, continue the uptrend, right? And if we go to the one day, one minute, we can see exactly what I'm talking about here. We tested 62-46, and then this was at about 545 AM Eastern Standard. And from there, it was just a nice uptrend for the whole entire day, heading into the after hours right now. So I pretty much just got in and out of UWT today. Really, this was a bit of a longer day trade. I kind of held this one, you know, a bit. It was for about like two, three hours. I got in at about $20.56 on this third higher low, right? We pulled down at about 2037, popped up higher low, popped up higher low. And at that point, crude oil was continuing to push up very, very nicely. So I built in a smaller position. I'm not going to lie with you guys or to you guys, I didn't hop in with a very big position here, but I got in with a reasonable size in terms of my account, right? And I just held it for a little bit, and I ended up taking a pretty solid gain, right? From $20.58 roughly, I ended up getting out at about $21 flat, right? We broke the resistance from the previous trading day at about 2091 or something like that. And then we ended up getting to $21. And at that point, I already exceeded my goal of 1.5 to 2% in terms of my day trading. So I ended up just taking the profits, right? And typically, guys, I'm not really holding inverse ETFs overnight, right? Because these are more volatile. They can open up down 5, 10%, right? And I've been burned that way. So I'm typically just day trading these, but I'm still keeping it on my radar for these next couple of days. And this is going to segue into what I'm watching, right? UWT, like you guys saw in the title, this one is ready to pop in my personal opinion. Just take a look at this pattern, right? Every time we've pulled back over the past couple of months, we've aggressively popped up to a higher high pullback. This one was a bit of a longer time period in terms of a pullback, but we popped to higher highs, right? Pullback pop. And now this is a massive pullback and the fact that we're holding a higher low, this gives me incentive to just trade in and out of UWT over the next couple of days, right? The RSI is very oversold, right? It's starting to curl back up, it's starting to pop back up. That's looking very good as well. And I'm just keeping an eye on it, right? The next spot we need to break out of where it seems like there's a bit of a resistance right now is roughly $21.20, right? If we go to the one day, one minute, I think that's where we topped off today. Yup, there was a bit of a strong resistance at $21.20 and that was an old support from a couple of trading days ago right here. So that is why it's struggling to get out of there. It was an old support. We broke beneath it. Obviously, it's a new resistance now. And if we break that level, guys, I can see us definitely hitting $22. And at that point, we need to break out of the 50-simple moving average level of resistance. And from there, I can see this popping up to another high or high, right? But just keep an eye on crude oil. I'm not 100% certain. Nobody out there is 100% certain that a trade is going to go exactly as planned. So just keep an eye on crude oil, right? This could be a complete fake out. Let's say crude oil ends up tanking tomorrow. We end up breaking that 180-simple moving average support, which if we do break that, I'm not going to be looking to trade crude oil or UWT. That's a level to keep an eye on, right? If we break this level to the downside, that's going to be a bit worrisome on crude oil and, of course, on UWT. So let's just go over a couple of stocks very quickly. We honestly already talked about them, right? Facebook is one that I'm watching. I already did my breakdown on Facebook. Apple, they're reporting earnings tomorrow. I kind of already broke that one down. If we end up popping up after earnings, that one's going to be a very good trade in my personal opinion. We have advanced micro devices, AMD's also reporting earnings. It's still stuck in this horizontal channel from $27 to $28. So hopefully earnings ends up popping it up, making it pick a direction to the upside or the downside. But ideally here, guys, I think I mentioned this in one of the previous videos. I hope AMD does end up falling on earnings, on a good earnings report, kind of like a situation with Procter and Gamble. They had a pretty solid earnings report, but they ended up falling. I hope it does end up falling to the 26th level and for it to test this 180SMA just to get in on a better entry on AMD. That would be ideal in my personal opinion. So I'm watching AMD. Let me just double check that they didn't push their earnings back. Yup, tomorrow is earnings 4.30pm central standard time on the 30th of April. I'm watching that one. Another one that's reporting earnings tomorrow, guys, is McDonald's, right? McDonald's before the market central standard time tomorrow. And this is one that we don't really talk about that much on the channel. But I honestly hope McDonald's ends up tanking soon. So I could end up adding more to my overall long term position because McDonald's is a stock that I have my long term portfolio. I do like periodically adding into this one for the dividend income for the more of a stabilized position here over the long term. I like adding in on dips like this, for example, this, for example, because over time, if we're just judging on McDonald's long term chart, it's dipped multiple times where if we look on the long term chart, those are good buying opportunities, right? So I hope we do end up dipping maybe back down to the 160s, 150s. That's probably not going to happen on one earnings report. That's most likely going to happen if we see a big correction in the overall stock market. So I'm just keeping an eye on that for a potential pullback, right? And if we pull back, you know, maybe we get to the 50 SMA, it could be a short term trade, right? So Tesla today actually did very well in terms of a percentage, still very in terms of the pattern here, still a very bearish pattern, not reversing to the upside quite yet. But we hit lows of, let's see today on the one day one minute, we hit lows of 232 up to 244. So that was a $12 margin today. So if you were able to day trade Tesla, let me know down below in the comment section, that seemed to be a pretty good move today. So keeping an eye on Tesla guys, maybe this one rallies back up to the 50 SMA since it's been so bad or down. This one could end up being a pretty solid potential play, right? And one more I want to talk about, this is kind of a more speculative stock for those of you guys that don't remember. I'm in this one from a couple of months ago, weeks ago, I forget exactly when I ended up buying it, I bought in though, I know the price, it was around 530 to 540. And this one was NIO, right? And if you guys watched my video a couple of weeks ago, when I did make that video, I was talking about how I kind of just want to put a very small sum of money in NIO that I'm willing to lose as a speculative long-term trade swing trade, roughly at $5.40 to see if I can maybe double that money kind of just like a point in time where I'm kind of just throwing money into a spec play. I don't really do this, but for fun guys, you know, I like having some fun sometime that that makes any sense with some of these trades, right? I like taking some more risks. Usually I'm not taking insane risks, right? But this is probably the riskiest trade that I'm currently in or that I've taken over the past couple of months to be completely honest with you guys. But I'm in with an amount of $500 ish, something like that, $550, maybe $600, I forget exactly. But I'm in with an amount that I'm 100% willing to lose, right? If that money were to prove, I wouldn't even notice it, right? I would not even notice it to be completely honest with you guys. But we're seeing a bit of a reversal here, a start of a reversal on NIO. If we can look on the 20-day, it's actually been reversing quite nicely, right? We hit $560, pulled back to $440, the bearish cross, 50 SMA was acting as a resistance, right? We hit the bottom, but now we started to reverse to the upside, right? We hit above the 50 SMA resistance. We're maintaining it as a support now. The 50 SMA is crossing above the 180, which is a bullish move. And now we're starting to trek back into the $5 range. So this is pretty good for NIO. Worth watching if you guys are into some lower price stocks, penny stocks, whatever you guys want to call this. Keep an eye on it. I think it can pop very, very soon. We will see. So that's going to be it for today's video. If you enjoyed the video today, feel free to go down below and hit that like button. Again, it really supports me and supports the channel in general. And if you want to leave a comment down below, let me know how you did. I would love to chat with you down below in the comment section. Also, again, if you're new to the channel, feel free to subscribe. I post here daily stock market investing news, my outlook on the market, personal finance. That is what this channel is about. So subscribe, hit that notification bell so you're notified every time that I do make a video. I'll catch you all in the next video. I hope you all did great today. I hope you all have a great night. Peace out. Thanks for watching. It means a lot. I'll catch you all in the next video.