 What's going on everybody, Astos here. Welcome back to another video. 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 personally did today, what trades am I currently involved with here in the end of July, as well as talking about Tesla stock, talking about what to expect from some analysts here, some predictions about what their earnings could be and taking a look at some other stocks and ETFs. That's what we're going to be doing guys in today's video. So if you enjoyed this video guys, feel free to go down below, hit that like button, subscribe to the channel if you haven't done so already, and join our StriveSmart Facebook and Discord groups. All of those are linked down below in the description box. So with that further ado guys, let's just get right into it. What did the S&P do today? It closed on a very strong solid green note, up $20 today, up $20.44 to be exact, up nearly 0.7%, 0.68% to be exact. Very, very good there. The Dow Jones industrial average almost up the exact percentage point as the S&P. It was up 0.65%, up $177 here at the close, and the Nasdaq right now, it's actually down $33, down about 0.42%. But mind you, this is the future, so if we go a bit closer here, or even if I pull it up on my phone very quickly, that's kind of odd because it seems like the Nasdaq did close green today, closed green up 47 points here according to Yahoo Finance, up 0.6%, but then it dropped very aggressively. So I'm thinking of stock reported earnings that ended up fluctuating the Nasdaq very, very heavily. And if you guys know, let me know down below in the comment section what ended up causing this drop. I actually don't know. I probably shouldn't know what caused this drop, but I guess it just slipped my personal news radar. So anyway, that's what the Nasdaq did, the S&P, the Dow. Everything was green today, but you guys can see obviously, again, the Nasdaq is falling right now. And I'm actually interested, what the heck dropped this? Was it Apple? No, Apple seems like it fell, Amazon. Anyway, it seems like all of tech took a hit. Let me know what you guys think. Again, if you guys have any info on this, I would love to know. So let's go back to the S&P. Let's break down some technicals here. And yesterday, you guys heard me talk about how we were still technically downtrending below that 50 simple moving average resistance on this 20-day one-hour chart. And today, since we gapped up, since we broke out of that 50 SMA resistance, now we're seeing a breakout bullish pattern on the S&P 500. And it also seems like we're breaking $3,005, which if we successfully gap up above that tomorrow, this could be one step closer to all-time highs. And that's going to be the full break of this downwards trending pattern. Because not only did we break that 50 SMA, we also broke that lower high pattern that the S&P was on. Remember, we were talking about 30-17 was the high. This was a lower high at about 3,005. And this would have been another lower high if we were to get rejected by the 50 SMA. But since we broke above it, we broke that lower high pattern. And again, especially if we break 3,005, that is a complete break of that pattern. And in my opinion, especially if we get these rate cuts here in the next eight days, I think the meetings on the 30th or the 31st, the Federal Reserve meeting, I think that will probably push us up to all-time highs here because we're very close. So I can see us getting another all-time high at this point, maybe even tomorrow or the next day if the markets continue this breakout that we're currently seeing right now. And if we go to a bit of a further perspective on the 184-hour chart, you guys can see that 29.95 was a resistance. We broke out of that today. Seems like we are maintaining above it since we did close about 10 points above it. That's a very good sign. And now, again, we talked about 3,005. But if we break 3,005, the next resistance here on a macro level on this 180, pretty much the six-month chart, is going to be that all-time high, which, again, is why I'm saying that the all-time high, I personally think we can definitely hit another one this week, right? Maybe 3,020, whatever it may be, I do think we'll be able to get it. So that head and shoulders pattern, I might as well mention it again, that one is kind of broke, to be honest, right? This left shoulder, the head, the right shoulder, it would have completed if we dumped, right? I remember I was talking about that yesterday. But since we didn't dump, right, we didn't get that big sell-off, we popped, it broke the pattern pretty much, right? So I figured I'd mention that just to update you all on that aspect of things. So the Dow Jones industrial average, just like the S&P on the 20-day one-hour chart, we were making those lower highs, high here at about 27,400, the next high at about 27,300, next high, which would have been the high, you know, if we were to get rejected and pushed down, was going to be at around 27,250. And for this downtrend to have been continued, you know, we would have had to push to a lower low here and break this support at about 27,100 that I was talking about in yesterday's video, right? And since we didn't do that, right, we went the opposite way. We broke out of that 50 SMA. Now we're breaking out of the 27,300 level, you know, that Dow trend, it's broken. This is a very bullish move in the Dow Jones. And I suspect that we could potentially be hitting all-time highs here tomorrow, guys. We're literally off 50 points right now, exactly almost 50 points pretty much here. You guys can see it. And if we gap up, we could be at all-time highs right then and there, you know, pretty much. And we see here the Nasdaq futures, they are down a bit, so we don't know, I don't know honestly if this is going to hold in the red heading into tomorrow, but it's definitely something to keep an eye on because if they do turn green, you know, we could be hitting an all-time high as soon as tomorrow in the Dow Jones industrial average. And if we're stretching it over here to the six-month chart, we zoom in a bit, you can clearly see the next resistance is that all-time high. So there's really not much to touch upon in terms of that resistance. I guess another thing you can mention is that we broke out of that wedge to the upside here, this little wedge that I have drawn. And that's also a very bullish move for the Dow Jones. So I guess that's pretty much it in terms of that. You know, hopping over here to the NQ, you can see the NQ is on the brink of hitting an all-time high as well, very close to $8,000. We took that dip. We kind of got ourselves in this wedge, just like the Dow Jones, but now we got that break out of the 50 SMA and out of that wedge this morning as the NASDAQ did gap up. But again, we just talked about a couple of minutes ago how the NASDAQ right now is dumping. And I'm not too sure, again, exactly why that is happening. But at this point, if I kind of redraw this, let me just remove this one and remove this one. You guys can see, okay, this trend line is looking good. Let me remove this one as well. But if I draw one from up here, actually, let me get that a bit closer. If I draw one like this, I guess you can tell that the NASDAQ is the only one out of the three at this point that's technically still in this lower high pattern. $8,000 was at the high. The next one was around $79.70, $79.75. And right now, we're a bit below that. We're at about $79.50, which constitutes as another lower high. So tomorrow, I would be watching for a potential breakout here. If we break this trend that I just drew, this trend line that I just drew out for you guys, that's going to be very bullish. We could expect all-time highs from there. But let's say whatever caused this dump, again, I don't know what ended up happening, but whatever caused this dump, and it seems like it is holding the support right now, so this may happen. This may continue into tomorrow. But let's say whatever caused this dump ends up dumping us further, at that point, on the 20-day one hour, that would be confirming the drop. And we could be in route to a lower low, which would just be the continuation of this little downtrend that we've been on here over the past couple of days. So that's what I'm really watching at this point. Which way are we going to go? Are we getting rejected by this? Heading to the support of this channel, this little uptrend pattern here? Are we going down here to retest it? Or are we breaking out? That's pretty much what I'm watching. So that is it for the Market Update today, guys. Let me know down below in the comment section. What do you think about this? I would love to know. What are your thoughts? Are we going higher in the markets? Are we selling off? What are your thoughts? I would absolutely love to know. I love talking to you, guys, every single day in the comment section. So let's talk about what I ended up doing today. And honestly, guys, today, I didn't do any day trading. I simply enjoyed a nice little green pump in my swing trade, which was FDX. And you may be asking me, Stas, did you sell your swing trade? I actually didn't sell it, guys. I held on to my FedEx shares. I'm still in with my initial position that I took yesterday. About a 15%, 20% of my goal stake position is what I took yesterday. And I plan on continue holding this and adding it as FedEx, FDX continues to confirm its uptrend here. Again, I'm typically not trading against the trend. I'm not averaging down most of the time if my stock is selling off, but I do like buying on little dips as it pops up, as it's in the uptrend. And right now, FedEx is clearly in the uptrend. So if you guys watched my video yesterday, you guys know I entered, oh my goodness, I'm forgetting exactly where I entered now. But I think I entered right around the 160, was it like 16880, I believe? I think so. Around 16880, 169 is when I entered into the position after we had that huge red candlestick sell-off. And we confirmed that support at around 169. That's when I ended up getting in. And I do admit, and I admitted it in yesterday's video, that this was a bit of an early entry on FedEx. But I'm comfortable with it because, again, I scale into my positions, into my swing trades. I like going into the 10%, 15%, 20% up front. So I'm not too heavy into it. And let's say it went the wrong way. Let's say it ended up selling off, and it hit my 2%, and it hit my 2% stop loss. I wouldn't be losing as much money as if I put all my money in, right? That's kind of the idea of scaling in. So now I'm up around almost 3% on that position. And it is getting a bit overbought. But now I'm getting to the point where I would like to see a pullback and a potential reentry here, or not a reentry, a point in time where I can add more money into FedEx. Because, again, I plan on swing trading this. I mentioned it in yesterday's video up to around 185. That's the current goal right now. So I want to add more as we continue to push up here. And if we go to the 20-day one hour, an ideal spot, which honestly, guys, it seems like we're already holding this old resistance as a new support at about 172.50. But an ideal spot to get in would be if we pulled back, maybe retested this as a support. That could be another spot to get in with more money, maybe 173. But let's say we gap up tomorrow, maybe 174 could also be an entry point. It really does depend on what way we're moving in the morning. That's going to fluctuate my decisions there. But that's pretty much it, guys. As of now, I'm just in FedEx. I plan on adding more. And you guys can see we did confirm the bounce on the old resistance as a new support today in the middle of the day. Ideally, I should have added money here. I'll be completely honest with you guys. I should have added money here because we bounced on the 50SMA as well. This would have been the perfect place to add more money. But I missed it. I'm not perfect. I'm not a trading algorithm, right? I'm a human. I missed the entry point. But tomorrow, I'm hoping I can get another position in this overall position in here. I hope I could buy more shares tomorrow. But anyway, that's it. Let me know what you guys did today in terms of your trading down below in the comments section. I would love to know. And let's talk about Tesla very quick, guys, because I know a lot of you probably know at this point, Tesla stock, they are reporting earnings tomorrow, guys. TSLA is Tesla stock's ticker symbol. And this is stock that when they report earnings, I feel like everybody in the stock market is listening. They're watching. The stock fluctuates 10%, 15% in the upward direction or the downwards direction. So I always love covering on the channel talking about what the earnings might be and my personal opinion on the overall stock. And that's what we're doing right now because the time has come. Tesla earnings, guys. So I'm pulling up my notes right now. And I did some research, right? So analysts pulled by Thompson Reuters expect a revenue of $6.4 billion for quarter two, which is an amazing jump from $4.5 billion for quarter one. And I'm sure a lot of you guys remember quarter one, abysmal earnings for Tesla. They did very bad, very poorly on delivery. And I'm assuming the $6.4 billion revenue projection, it's a lot higher from the $4.5 billion from the previous quarter because they did deliver a record number of cars this previous quarter, as you all know by now. And since that actually happened, the sentiment in Tesla stock has just been ridiculous, very bullish. And you guys can see that in the trend here. Analysts expect revenues to rise 60% on a year over year basis. That's extraordinary. Well, $95,000 are extraordinary good, rather. $95,200 cars were delivered in quarter two, which happens to be a record. Again, I just talked about that, which is a rise of, let me tell you guys, 134% year over year. That's extraordinary growth there, guys. And again, that revenue is pretty solid growth as well in terms of 60% if they hit that $6.4 billion. So Tesla's EPS is actually expected to be a lot better from this previous quarter. Their previous quarter, net EPS was negative 2.9. And this quarter, analysts expect negative .43 dollars, which is actually a ridiculous increase from this previous earnings period, which is very, very good. They're not turning a profit quite yet, but their earnings have increased dramatically well from the previous quarter. And analysts, I was reading, they are expecting a profit from Tesla in the third and fourth quarter. So one thing that's a bit worrisome right now about Tesla, guys, is the amount of deliveries that are coming from Model X, or not X, Model 3. 81% of the deliveries were from Model 3 in the second quarter, leaving Model X and Model S, which are kind of the more expensive cars that Tesla offer, leaving them with not as much exposure, not as much sales. People are going more for the Tesla Model 3. And that's kind of obvious. That's kind of Tesla's plan right now. They do want to expand that. That's the car that they're making available for the masses, because it's a cheaper price compared to the Model X and Model S. But the one thing is the Model 3, it's not as profitable, believe it or not, as the Model X and Model S. So I'm interested in seeing here the next couple of months and the next couple of quarters. Are they going to be able to increase their sales in the X and the S to maybe bump up some more profits and become profitable quicker and consistently profitable quicker? That is what I'm personally looking at. And honestly, that's really what I want to know from this earnings report. I want to know about how many deliveries they're going to do for the whole entire year of 2019. Originally, they were projecting, I believe, like 340,000 or 400,000 deliveries. Right now, year to date, they've done 158, which is not on pace with that particular projection. So I'm interested in seeing what ends up happening from here with that. So that's kind of the rundown on Tesla stock earnings. What to expect, my personal opinion at this point, guys, is that the overall sentiment in Tesla is changing. These delivery numbers, they shocked Wall Street, they shocked investors, and it shifted the sentiment around the stock from a very bearish one, short sellers everywhere to one that's like, okay, this could be shifting to the higher side to the positive side now. But again, I'm sticking to my guns and I said this a couple of months ago. You guys remember this, I was saying for Tesla, the narrative to change, they need to do very well in deliveries, which they did, and that started to shift the sentiment, and they need to be profitable and consistently profitable and prove it to shareholders, prove it to Wall Street, and all the investors and traders out there. And that would be another boost in the stock that, in my opinion, that could actually get it back to $300 per share. So I would love to know what you guys have to think about Tesla. Let me know down below in the comment section as well. Again, I love talking to you guys on a day-to-day basis. So very quick, without this video getting too, too long, let's talk about a couple of stocks that I'm watching right now other than FedEx. FedEx, I'm obviously watching it again. I went over my plan there, but another one is Snapchat, guys. Snapchat today, we talked about this one in yesterday's video. This one ended up playing out exactly to how I called it out and predicted it, although I didn't trade it, guys, because I'm not much of an earnings trader, because I don't really like buying before, I like buying after. But you guys can see the pullback and the bounce on the 180SMA, which has been a support over the past couple of months. That coupled with a very strong earnings report ended up popping up the stock immensely, and this proved to be an insane dip buy. So if you were able to capitalize on that, congrats. But at this point, I'm looking to see if we see a bit of a pullback, maybe some profit takers, if we start to push down, maybe back down to, let's say, $16, $15, maybe $15 flat. This could be an interesting entry point, especially if the RSI gets a bit more healthy. And again, they did report earnings. So let's take a look and see what they did end up reporting. Okay, they reported negative, negative six cents, EPS beats the one, the negative one cent or the negative 10 cent estimate sales at 388 million beat 359 million estimate. Okay, that proves why that's a pretty good earnings beat that proves why the stock is up 1012% after market hours. So I'm watching that one guys for sure. BAC is another one banking stocks did quite well today. And you can see BAC broke a key level at about $30, which was an old resistance from back in the middle of March of 2019. Now I want to see, are we going to settle on top of this support, you know, new support now old resistance new support, and are we going to fill the gap back up to $31. And if that does end up happening, BAC offers a nice two, maybe one, one, one to 2.5% roughly around there, in terms of margin of profit. So BAC, I'm really liking that one. Let's hop to see what's Domino's Pizza doing today. You guys can see Domino's Pizza does seem to be struggling at this point in time. Seems like it is consolidating at around 255 to 257 ish. So if we do get a pop and a break above 260, that could be a bullish breakout and we might fill up to 267 at that point. But until we break into 260 guys, I'm not looking to touch Domino's, but it is maybe settling for a pop here, or this could be settling for a dump. So we really need to see what direction it does end up picking. So those are just a couple of stocks that I'm watching today, guys. And of course, my opinion on Tesla, I would love to know what your opinions are. So if you enjoyed this video, feel free to go down below and hit that like button, consider subscribing if you do want to see future content from me, from trading content, investing content, stock market content in general, personal finance. That's what this channel is all about. Consider subscribing and drop a comment. Let me know what all your thoughts are right now involving this video, the stock market, the stocks talked about, and of course, Tesla. So I appreciate all you guys watching. I'll catch you all in the next video. Peace out.