 What's going on everybody is Stas here welcome back to another video so today guys we have a bunch to talk about because this morning We just got news that China is slapping tariffs on the United States We're going to be taking a look at that article pulled up here. This is literally fresh news to me I just saw it about 20 minutes ago before filming this video We're also going to be taking a look at what to expect from the Fed meeting. Is it going to be volatile today in the stock market? That's what we're going to be talking about as well as briefly taking a look at the market futures talking about what I'm Personally watching in terms of stocks and ETFs to trade here today on the 23rd of August So if you find value in this video if you enjoyed this content feel free to go down below smash that like button and let's get Right into it guys so today the markets are reacting very negatively to this China tariffs The Nasdaq is down 60 points right now the Nasdaq futures with about one hour to market open They're down 0.75% the ES the E-mini S&P 500 index futures They're down 16 points here down 0.56% the Dow Jones right now is down a hundred and forty nine dollars followed by a pretty solid day yesterday If you guys were following the markets yesterday The Dow did very very good very very well rather because Boeing if we go back to BA here Boeing did Exceptionally well yesterday dragging up or rather the past couple of days dragging up the entire Dow Jones Industrial average, but like with all this news guys the trade talk You know the rate cuts potential rate cuts when stuff hits the fan it went sh You know what hits the fan that is when the markets take really big drastic hits Right the technicals go out of the window and we're starting to see a lot of that right now Right if we go back and break down some technicals on these futures take a look guys with the markets dumping right now We're actually getting rejected by the main moving averages on the four-hour chart for all three of these indexes You see the S&P here. We're getting rejected under that 180 SMA Right if we go back to the Nasdaq. We're also getting rejected under that 180 SMA And if we go back to the Dow Jones future, we're also getting rejected under that 180 SMA So today guys the Fed meeting let's say Powell I think it's very is the market is going to be very sensitive And I'm sure a lot of you guys realize and understand that for yourselves to what Powell says So let's say he does not hint to a rate cut guys. Oh my goodness the market is going to dump Trust me on this I'm like 80% sure and I'm sure a lot of you guys can relate and agree if he does not say we're going to cut rates in September Let's say he's kind of you know dodging it saying maybe in the next meeting after September or something like that The markets in my opinion are going to dump like this especially with the fresh news of these China Tariffs right so market today very very sensitive keep an eye on that Fed meeting I believe it starts if I'm not mistaken don't mistaken. Don't quote me on this I think it starts at 10 a.m. Eastern I might be wrong on that usually the Fed meetings are either at 10 or 2 p.m. It's one of those two right or Eastern standard time So just keep an eye on those, but I'm pretty sure it is at 10 a.m Today Eastern standard, which is why I do want to get this video out for you guys So you're aware of what to expect so before we do hop into stocks I'm watching today. I'm sure you guys can probably guess especially if you've been watching the channel for a while on what stocks I'm watching. Let's go to the Safari tab very quickly This is fresh news again Like I just said and see what this article is talking about with these new China tariffs the Retaliation and we all know at this point when Donald Trump when the US slaps tariffs on China They typically retaliate hence why it's called a trade war, right? It's back and forth back and forth back and forth and you guys can see the headline of this article China to retaliate with new tariffs on another 75 billion dollars worth of US goods including Autos guys so China said Friday that it will impose the new tariffs Right here, and this is what you need to take a look at Chinese State Council Said it decided to slap tariffs ranging from 5% to 10% on 75 billion dollars worth of US goods in two batches effective on September 1st and December 15th and for those of you guys that forget what happened with the other tariffs that the US slapped on China They slapped I believe it was a 10% on 300 billion dollars worth of Chinese goods that was supposed to go into effect I think it was September 1st or September 15th originally But then Trump and and you know they pushed it back to December which kind of alleviated the market a little bit But still in my opinion that's a very short-term fix and now that we're getting this slap here You know this is really stirring up the pot again, and it's making a lot of you know It's causing a lot of drama right in the stock market and you guys can see exactly what I just said here You know the retaliator the the retaliatory tariffs came after Trump earlier this month surprisingly Ended the ceasefire by threatening to impose 10% on another 300 billion dollars worth of goods Some of those tariffs have been delayed to December to avoid any impact on holiday season shopping So that makes pretty good sense, right? So that is really the fresh news right now that is impacting the market, right? This is big stuff guys when the trade war and you know when the trade war worsens when stuff is publicly Um, you know announced on the media like you obviously was through that article on Twitter The market takes it very very negatively unless it's sometimes Trump's tweeting You know, oh the trade war deal is going great You know the trade deal is going great But you guys know at this point that he's just trying to say that to Alleviate people out there in the market, but people that are smart, right? We people that view this channel I like to believe we are a bit more sophisticated We can see kind of under the BS in a way that he is just saying that right to kind of alleviate us But we know that there is no deal coming anytime soon, right there there wouldn't be a deal coming It's if you know, they were they weren't slapping all these tariffs, you know back and forth, right? That's not a sign of people coming to an agreement anytime soon. That's more of a war, right? So at this point, you know, that's kind of what I'm you know, kind of thinking of I think the market is going to be Extremely volatile today. I'm most likely going to stay away from trading until we see what the Fed The feds demeanor is regarding to the rate cuts, right? If we get a rate cut if he's hinting towards it sure the market might short-term do very well today We might rally up although the tariffs are very negative, but let's say, you know The Fed signals that he's not, you know, they're not going to cut the rates in the next meeting That's going to be very negative coupled with the China tariffs retaliation I think the markets can get very bloody today. Maybe down one 1.5 maybe even 2% I think that's very possible. You know judging off, you know previous events of tariffs really Crushing the markets in the past couple of weeks So that's kind of the overall, you know market outlook right now What to look for in my personal opinion just keep an eye on the Fed. It's very important today and to get to what? I'm personally watching guys. It's not really a surprise for all of you that have been following the channel I'm personally watching these volatility ETFs and these market ETFs and specific here TV IX TV IX which I'm sure is gapping up right now. Yes, it is. It's at 1756 It's already up a dollar from yesterday This does very well when the markets are volatile when the markets are going down and when excuse me The volatility index, which is the VIX is going up in price, right and notice how the VIX right now is Gapping up as well So it pretty much looks exactly like TV IX if we go back to TV IX and you guys can clearly see the Volatility is pumping up right now and this could definitely continue throughout the day again, especially if the Fed hints to no rate cut So TV IX I'm watching that very closely I see a lot of potential there and two short ETFs that I always trade sqqq which goes up whenever the Nasdaq is going down I'm watching this one as well and SPXS which goes up whenever the S&P 500 is going down This one's very very critical in my eyes for today as well because the 500 largest publicly traded U.S. Companies typically get impacted heavily during these times of trade conflict and You know rate cut and all this nonsense that we're going through regarding the drama in you know the stock market as of right now UVXY is another one of those volatility ETFs You know this one does well again when the VIX is going up markets are going down Hence why it's gapping up heavily this morning. So those are just a couple that I'm watching. Let's see for fun I wonder if gold is doing well right now. Let's take a look at it Yeah, you guessed it guys there goes gold boom right whenever the market see a bit of uncertainty Gold pops. I literally did not even look at this chart until right now and we guessed it together Right, you can see gold went from 1500 up to 1514. Let's see how GDX is doing right now Which is what Jnug tracks so Jnug could potentially be a play today You see JD or GDX rather Gapping up right now which tracks or rather Jnug tracks that it goes up whenever GDX is going up So this could be a very attractive play right now if we look on the 184 hour We're at the dip or we're dipping a bit It is looking like a head and shoulder slightly So if we do break this 180 SMA and we gap down that's not going to be too attractive But if we do end up popping here breaking that 50 SMA on the four hour chart This could be a very bullish move on Jnug So I'm going to leave you guys there today If you guys enjoyed this video found any value in it Feel free to go down below and smash that like button Consider subscribing if you want to see further content regarding the stock market news Investing trading personal finance This is the channel for you and feel free to share this video with one other person to let them know What to keep an eye out on in the markets over these next couple of days and of course drop a comment down below Let me know your thoughts. I really love talking to you guys in the comment section and that's it guys So good luck be ready strap up strap your seatbelts up. It's going to be volatile today I'll catch you all in the chat if you're active in there and if you're not the links down below So is the Facebook group my Instagram all of that different stuff. So I'll catch you all in the next video Thanks again for watching peace out