 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 taking a look at the Dow Jones the S&P 500 and the Nasdaq We're going to be talking about a couple of trades that I made today on the 15th of April in 2019 as well as taking a look at some other stocks and ETFs that I'm personally watching and looking to trade here in The middle of the month and heading on to the end of the month in April of 2019 so before we do get into all of these different topics for everybody out there that finds value in these videos you enjoy the Content and find these videos helpful All I ask from you is to go down below and hit that like button It really supports me and supports the channel in general and if you're actually new to the channel I have two links down below in the description box for you one of them being the discord group chat and the other One being the Facebook group both of these are 100% free of charge and I guarantee you guys will find a ton of value in these two Communities so without further ado, let's talk about what is going on right now in the market with about 32 minutes left To the market close we can see here the SPX the S&P 500 the 500 largest publicly traded U.S. Companies is currently priced at around 29.05 down about two dollars and twenty cents down about 0.07 percent at the time that I'm recording this video the Dow Jones is down about 32 dollars down about point one two percent right now priced at 26,380 Dollars and the Nasdaq right now guys is priced at about 76 53 up a dollar and fifty cents right now up point oh two Percent so in terms of the SPX and the Nasdaq very minimal movement there And honestly you can throw in the Dow to you know very minimal movement in terms of that index as well And you know unless anything drastic happens unless anything crazy happens here in the next 30 minutes You know the market is going to close Roughly, you know pretty flat right not up a ton not down a ton But again, that is if nothing dramatic happens here And we'll see towards the end of the video if anything did happen You know through the recording of this video, but let's just hop back over here to the SPX very quickly So we can do some technical Analysis so there's not much difference from my previous breakdown here that I did on Friday and on Sunday, but for those of you guys that haven't been watching pretty much the S&P 500 here if we go to the 90-day chart We can get a better look at what's been happening You know we've ended up pushing to a high this past week at about 2910 and you can see that right here 2910 point 54 is the exact price that we ended up hitting and that was actually after we ended up gapping up on Friday you can see we really Consolidated at a new level of support roughly at about 2890, you know really fluctuating from 2880 2890 ish up to around $900 right around here for a couple of days then we gapped up on that big green day that we saw on Friday We saw Disney do absolutely phenomenal on Friday and we kind of consolidated at that level of around 2905 to about 2910 on Friday and it seems like today honestly guys we gapped down this morning Right, we saw that pretty big gap down from around 2910 all the way down to about 2896 which was a 15-point gap down in the SPX But since that did happen, you know, we've been seeing some nice recovery, right? We're popping back up looking to retest that level at around 2905 which is really just telling me We're just simply consolidating again around this level around this 15-point level from around, you know 2895 and if I just draw or really just pick out this, you know tool I have here You can see exactly what I'm talking about right from about 2895 up to around 2910 That is roughly where we're trading right now in the past two days, you know in terms of the SPX And let me just quickly clear all these different drawing sets so we can get a better understanding of how far we actually are From all-time highs. So take a look at this guys. We're looking like we're going to close It looks like the SPX wants to close above 2900 today And if we do that's going to put us right under Really a level of resistance, right? 2905 is a level of resistance because it was a previous support from back in You know the beginning towards the actually no more towards the middle to the end of september and 29 uh 2018, right? So tomorrow keep an eye. Are we going to end up popping above this level? Are we going to start heading into the 2915s the 2920 level? These are things that are going to get us closer and closer to all-time highs, right? So if we do end up closing above 2905 the next level of resistance We're going to be looking at is going to be roughly at about 2915 Which we can see from back here was a resistance towards the end of august and 2018 and if we break that level guys That's a one-stop shop to the all-time highs here at 2940. So technically right now We have about two resistances to go One being 2905 the next one being 2915 before we do test these all-time highs So for fun, let's just see how far we are roughly now on a percentage basis from the all-time highs We're roughly about 1.1 to 1.2 percent in terms of the spx from where we are now up to about 2940 Which is absolutely amazing But what I want to let you guys know is take a look at these technicals and I want you to keep an eye You know on this potential pullback, right? You know, let's say we do end up breaking 2905 and we test 2915 And we slowly see a resistance there and we slowly start to pull back that is all um Really uh based on a previous pattern, right? If we slowly start to pull back I don't want you guys to panic don't panic that the markets are throwing are going into shambles because Just take a look at this right over the past couple of weeks. You know every time we've pushed up to a high We've seen a correction. We've pushed up seen a correction. We've pushed up again We thought this was going to be the correction here, but we just pulled back very minimally and popped up again to a Higher high this past week. So now if we slowly start to pull back and maybe uh break 28 75 Just keep an eye on this 50 sma That 50 sma support here on the 184 hour chart because it's been a support Over the past couple of weeks So all i'm saying is if we do start to see some aggressive red days Potentially hypothetically here over the next couple of days weeks, whatever does end up happening, you know Just keep an eye on that 50 sma. It's been a support for the smp 500 So the dow Jones not much to say on the dow. We broke the uh 26 200 level of resistance from back in You know the beginning of november on 2018 back towards the end of february in 2019 And we broke that level of resistance a couple of weeks ago about two weeks ago towards the beginning of april We popped up to about 26 400 which was a support from back in september of 2018 Got rejected at that level. We pulled back tested the 26 100 level of support Popped up from there ended up breaking on the 26 200 level with that gap up I believe on friday that very big gap up We saw disney do well that pushed up the dow very very dramatically And now we're starting to see some more resistance at that level of resistance at around 26 400 Again, and we can see with this gap down this morning That was a confirming point that we are getting rejected by that level, right? But we are still seeing um that we're close at that point We're close and with the recovery that we've seen from the dow, right? We saw the gap down We went down to about 26 300 and with the recovery we're seeing towards the latter half of the market here We're getting closer and closer to that 26 400 level of resistance And this is what i'm going to be watching for tomorrow guys very simple very brief Are we going to break that level of resistance? Are we slowly going to start and climb to the next level? Which if we look here is going to be at around 26 700 That is what i'm looking for tomorrow in the dow or are we going to get fully rejected and maybe test 26 200 as a support these are things that could potentially happen These are a couple of hypothetical scenarios and what i'm looking for out of these resistance and support levels And that's why honestly guys, I think it's super important For everybody out there to just draw out resistances draw out supports It's really a basic thing to do and it really allows you to understand You know where a price of a stock need tf an index a future Whatever you're looking at where it could potentially be headed based off of previous You know price action right it always helps to have these lines drawn out And it really helps me to be completely honest with you guys and I just want to help you out as well So the dow looking pretty decent right now, you know not big up not big down Just simply flat pretty much flat on the day as of right now. So the nasdaq slash nq here We are holding that support. We've been talking about the new support Which we broke out of that resistance a couple of days ago at about 76 30 making it a new support We've really just been consolidating there if we can just hop to the closer term charts here We've really just been consolidating there since the 10th of April right we popped up on the 10th. We've just been doing a little horizontal Channel here if we just go to the drawing tools very quickly You know get the channel tool out. You can see what I'm talking about here If it wants to work Right, you guys can see that right you see this little and I know it's a little bit It's not completely parallel, but you guys can see right you can see It's been really hovering in between this and now what I'm going to be waiting for Are we going to pop out of this level of resistance at about 76 65? That is what we really need to see honestly for the nasdaq to be testing those all-time highs Which are coming really really close here guys. We can see we're under 100 points away in terms of the nasdaq I do think on a percentage basis. This one is the closest to hitting those all-time highs Let me just see very quickly and we'll go back to the dow right now to see how close that one is because we didn't look at it But this one's about 1% off I think the spx was around 1.1 1.2 And let's just see very quickly on the dow My guess is the dow is the furthest from all-time highs. Yup, and i'm correct on that 2.2 2.3 percent away from all-time highs from where we are right now in terms of the dow jones industrial average Back to the nasdaq guys very brief, you know, are we going to maintain this level of support? Are we going to retest the 50 sma if we do end up breaking the 76 30 level? Are we going to pop out of this horizontal channel to test all-time highs? That is what i'm going to be watching for the rest of this week Heading on for the rest of this month quite frankly an earning season for the nasdaq and really for the entire Stock market right very very important here. So let's talk about Very quickly what i ended up doing today in terms of my trading you saw in the title Yes, I had to cut losses on one of my swing positions that kind of went sour today, right? You're probably thinking was it amd? No, it actually wasn't amd. It was actually nvidia guys ticker symbol nvda and video actually tanked harder than amd Although we saw a bunch of the semi companies this morning do pretty poorly And let me just do a rundown on those very quickly, right? We saw amd drop very very drastically this morning, right? We saw am you go down down the toilet this morning We saw nvidia very very poorly went down very badly went down the toilet here Let's see qualcom. I actually didn't check qualcom, but i'm sure actually wow this one did not dump But nonetheless some of the semi companies here the chip companies that we do watch You know they did pretty poorly So I did not end up cutting losses on amd because I wasn't down too much of my position, right? Let me just give you a quick quick little rundown on this one before I do get into nvidia But on amd I was actually in if I recall at about 27 30 to about 27 40 is when I did take that position a couple of days ago I forget the exact day but for those of you guys that have been following the channel You know I did take a position about a week ago on amd and the fact that we only went down to about 26 96 I believe was the low of the day. Yeah, that's the low of the day You know, I wasn't really down much on the position, right? Let's say I was in at 27 40 I believe that's where I was, you know, I was roughly down about 1.4 You know 1.5 at that point and I do want to give it a little bit of wiggle room I don't want to cut losses, you know exactly at like 1.5 percent I didn't want to give it some room to breathe because I'm only in this one with a small portion Of my goal position, right? This is another big thing here If I was in this with a hundred percent of my position, right? I would have been a little bit more Um, you know kind of scared, right? I probably would have cut my losses because at that point I would have been down a bigger dollar value than I was today since I was only with a smaller percentage of the goal position, right? That's why I always preach on the channel You know if you're looking to swing trade don't hop in a hundred percent on a position, right? Hop in maybe 10 15 percent 20 percent, uh, you know at a time depending on you know What you're looking to trade, right? So the fact that I'm in with a smaller position here, right? That helped me, you know hold it although I was down a 1.5 percent, right? But again I'm not too worried about AMD. I'm still looking to hold this one, but we did end up breaking a technical point here, but the fact that we are reversing back up to the mid-27s here that does Give me a bit of hope for tomorrow, which is why I'm still holding and another reason why is because we are maintaining the support from a couple of days ago back in, you know, the ninth of What's it called April of 2019? We're still maintaining that support, which does give me some hope here But who knows guys if it opens up tomorrow down more, I might get burned on this one I might just sell, you know sell out of it tomorrow. We'll see what ends up happening But as of right now, I'm holding on to the shares. It's looking pretty decent as of now But on the flip side, Nvidia is actually one that I was down a little bit on, right? I got in roughly at about $190 added a bit more at about $191 or something like that And we saw the big drop off today, right? I was in roughly at about $191, let's say average cost And I woke up after I didn't wake up after the market. I mean I woke up to it down pre-market Is what I'm saying and if we just go to the one day one minute, you know, we opened up It was decently trending down pre-market and then we saw the cliff dive Literally within an hour into the market, the shares were down about $7 About $8 from where I ended up buying and if we see from about $191 Down to where we ended up getting to the lowest point today, which was $183 My shares were down 4% so I didn't take a 4% loss on this position I ended up taking roughly, I believe, a 3%, a 2.8% loss As I started to see this one was really not looking to recover this morning It was falling, it was really just a falling knife, right? Lower lows, very aggressive selling here, very, very aggressive selling So I just figured I'd cut my losses here, get my cash back And I'm going to reevaluate this position here over the next couple of, you know, trading days Maybe I hop back in, maybe I'll just stick my cash somewhere else And most likely guys at this point until we see some recovery in Nvidia I'm probably just going to, you know, stick it somewhere else But let's just see what happens here over the next couple of days But yes, I did take a loss on Nvidia That is why you saw that in the title of today's video So what did I do in terms of my day trading? Well, I traded TVIX today for a pretty small scalp trade this morning As the markets did end up aggressively selling off So we saw this morning, right? The markets gapped up a little bit, right? They gapped up to about $29.10 Which actually happens to be the resistance that we touched this past Friday And then we aggressively sold off all the way to about $28.96 Within the first hour and 15 minutes of the market being open, right? And for those of you guys that don't know, TVIX is an ETF that I trade A bunch of the people in our group trade this Whenever the market is really red, right? When the market is red, typically the SPX is what this tracks The SPX is falling down Well, TVIX is going up in price, right? We opened up at about $20.50 We spiked up all the way to about $22.06 And that was actually about an 8% move, believe it or not Close, actually no, it was a 7% move in TVIX Which is pretty big, right? And take a look at this quick move here, guys If you were able to catch this, let me know in the comments Honestly, I was out at this point already But this move from $2105 to $22 Let's see how quick that was That was literally from $1024 to $1045 That was a 20-minute move there It moved close to 5% That's absolutely unbelievable But I actually got into TVIX on this second pump here, right? We popped up to $20.84 I realized the SPX was selling off pretty aggressively at this point We got the pullback The SPX made a lower high This one made a higher low Because again, it's really the inverse of the SPX And then we started to pop up aggressively And I got in roughly at about $20 And $60, $20.67 I wrote it up past this point here at $2105 We pulled back, got a higher low again And we started to bounce up here And once we broke this previous resistance at about $21 In terms of the candlesticks here I ended up selling off for about a 2.1% profit, right? So I got in here I held through this little pullback, right? We made the higher low at that point The SPX was continuing its push down It made a lower high, right? And let me just pull the SPX here very quickly So you guys can see it, you know, side by side, right? This is actually very helpful for you I'm pretty sure, right? So let's just hop to the one day, one minute And you can see what I'm saying, right? And like I said, right? The TVIX popped down higher low here While the SPX was making a lower high, right? Lower high, lower high, lower high And that is where really, you know, the TVIX ETF was popping up As this one was making lower highs, right? You guys kind of see how this moves And it's really just an inverse, right? Look at this It's like, you know, an upwards push, downwards push This one's a downwards push, upwards push, right? You see how it's pretty much just an inverse And that's just how this trades So TVIX guys, that's what I ended up doing In terms of that day trade And that's really just the trading update for today, right? So since then, you know, TVIX has been falling down Back down to about $20.50 Nothing too crazy in terms of that But it is seeming like it wants to close red So what am I watching for tomorrow, guys? There's a couple of ETFs and stocks that I am watching One of them being Facebook We talked about this one this morning And this one's honestly breaking into the 180 level Right now it briefly did break into the 180 level I believe a couple of minutes ago before I recorded this video Yup, 180.50, we pulled back And now it's looking like we want to end the day off On a higher low from the previous Which is a very good sign And what I was saying this morning Is Facebook is looking to break this 180 level of resistance And maintain it as a new support Quite frankly, it seems like it's already doing that, right? If I just extend this a little bit We can see exactly what I'm talking about, right? We already broke the level of resistance And now it's looking like it's holding it as a new support So the goal here is to get into Facebook And trade it up to 185 Which is the next resistance level that we're seeing So Facebook ticker symbol FB That's probably the number one one I'm watching For tomorrow, you know, gold Let's just take a look at gold very quickly Because we've been seeing a lot of interesting moves In gold today And if we just hop to the 20 day one hour chart We can see how aggressively gold has been selling off So gold's been selling off aggressively It's looking like it's getting rejected here By the 50 simple moving average resistance We're seeing a bearish cross here So this does, excuse me This does signal more bearish downside for gold Based on the technicals that I'm seeing here So for the next couple of days I might be watching, you know, JDST Which is an ETF that goes up whenever gold is selling off But let's say, you know, gold miraculously reverses Right, I was actually looking at Jnug's chart And Jnug's actually at an interesting spot right now Let me show you guys what I'm talking about So we're actually at a level of support Roughly at about nine dollars, right Where we've been reversing Or we've reversed rather on two separate occasions Right, the past couple of times was Back in the beginning of March We reversed from nine dollars up to about 1150 We pulled back recently We reversed back up to about 1050 from nine dollars And now it seems like we're not really maintaining it quite yet Like we did here as a new support But we are at that level So let's say gold slowly reverses tomorrow Maybe back up to the 1395 level Maybe or 1295 rather Maybe back up to 1300 You know, Jnug could be a decent play But I personally think, you know Since we are seeing a bearish cross there on gold We might see Jnug fall to the next level of support Which in this case is roughly at about 840 Right, at this level And if we do get to 840 on Jnug Which there's a decent possibility in my eyes You know, at that point That's going to be a very attractive price in my eyes For Jnug, especially because gold would be extremely oversold at that point And we'd see probably a reversal in gold Just to see, you know, some push You know, just to see a little push back up Right, because typically whenever gold Or any ETF stock index or future in that matter Whenever they get Whenever one of these get hit very hard, right Whenever they're selling off for a couple of days There's always about a day or two or three days in a row Where we do see some recovery And that in terms of gold could happen Where we could, you know, potentially play Jnug So I'm watching these very closely here Over the next couple of days We're seeing crude oil make an interesting move here Where it's slowly holding a level of support here From back in the beginning More towards, you know, the 8th I think, yeah, the 8th of April in 2019 At about $63.50-ish right around here So if we do hold that maybe pop up You know, this could be a good entry on UWT guys Because crude oil on a broader perspective here It's still on an uptrend pattern, right The pattern has not broken quite yet, right And honestly, I want to see a break out of this Little, you know, what can you call this here This downwards trending channel, right Where it's looking like we're maintaining this, right You guys can kind of see it If we break out of this level Maybe back into the 64 range That could be a pretty bullish move there on crude oil Which in turn would be a great move You know, great opportunity rather on UWT So we also saw a huge move today in D gas I think it was up like 8% at one point Because natural gas has just been aggressively selling off here So since it's aggressively selling off It's very oversold right now We could start to see maybe a little push back up Towards that 50 SMA resistance, right And if that does end up happening If we do say maybe get back to, you know, 265 That's going to open up a decent opportunity on U gas Which is actually the inverse to D gas, right So U gas goes up whenever natural gas is going up So keep an eye on this one for potential recovery play tomorrow So Tesla is another one guys That pretty much got hammered this morning, right I think Elon Musk sent a tweet out or something I don't really know what he said I actually didn't even look into it to be completely honest with you guys But I saw it in the chat And the stock looks like it went from 267 down to about 258 This morning and we're seeing a bit of recovery here Heading into the market close So tomorrow keep an eye on Tesla guys Keep an eye on the potential break back into the 270s Are we going to break this 50 simple moving average here On the 20 day one hour chart These are some things that I'm watching heading into tomorrow So let's hop back over here to the indexes very quickly To see if we change before I do end up ending off this video So the Dow pretty much exactly where it is When we started the video, right Down about 35 points, down about 0.13% The NASDAQ down about $3.75 here Down about 0.04% And the SPX down about $3 down 0.1% Nothing crazy here So it does look like in about five minutes here We are going to close off today Really on a flat note, right So I'm going to end off the video there guys If you enjoyed this video Feel free to drop a like Leave a comment down below Let me know what you thought about it Let me know what you guys are trading And subscribe to the channel if you're new Right, if you like the content And you want to see the daily videos that I do make Just hit that subscribe button Hit that notification bell So you're notified every time that I do make a video And if you want to be connected with me On a further basis I have two Instagram accounts down below My personal Instagram and the StriveSmart Instagram as well And there's two links as well to the Discord And the Facebook group Both of those are 100% free And you can join those to talk to the 600 Plus members that we do have in there And I really look forward talking to you guys in there If you do end up joining So I'll catch you all in the next video I hope you all did great today Have a good one guys Peace out