 What is up everybody it's Stas here and 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 from yesterday's session on the 29th of November and I also want to share with you guys what I did in terms of trading yesterday as well as a couple of trades that I'm involved with in my swing trading account and I also want to go over you guys guys because you guys and natural gas they got absolutely pummeled they got hit through the floor massive drop I wasn't even expecting a drop this big and we have to go over that and talk about kind of what are my plans right now involving you guys D gas and natural gas kind of what my thoughts are there but before we do get into the video all I ask from you is if you enjoy the video if you find value in this video simply go down below hit that like button consider subscribing if you want to see further content for me and if you want to be a part of our community the StrifeSmart community the discord link is down below the Facebook group link is down below and I'm also running a 20% off Black Friday sale on the StrifeSmart merch that is linked down below as well so without further ado guys let's get into it let's talk about the good old S&P 500 so you guys can see here on yesterday's session or rather in yesterday's session the S&P closed down $12.65 down .4% so we had quite a retracement yesterday in that little short day of trading and by the way yesterday the day ended at about 1pm Eastern Standard which is why you can see the candlesticks ended right around here with about three hours left in the market because the market typically closes at 4pm Eastern Standard time that is so you guys can see again the retracement we saw in terms of the S&P which is quite healthy in my opinion and if you guys have been following my videos over the past couple of days I've actually been talking about this very correction that we're starting to see right now because through my point of view here and I'm sure a lot of you all could relate the S&P was quite a bit over but at this point in time when it hit that all-time high at around $31.54 so RSI was extremely overbought we were overextended above that 50 S&P which is this green line so I figured sooner or later we're going to see a retracement more towards that 50 S&P to bring that RSI down to a healthy spot and really over the past couple of retracements we've held that 50 S&P as support which is what led me to this decision and you guys can see now we're starting to retrace right so what am I looking here in terms of the S&P like what am I looking at maybe we pull down even further and this is really going to depend on what the futures market looks like tomorrow Sunday 6pm when it opens up let's say these futures gap down you know you could expect a potential pull down on Monday maybe down to that 50 S&P at around $31.30 but ultimately I think this thing will continue going up at least in the short term here and I know a lot of you guys are following the trade war you know between the US and China let's say we get a huge trade deal done I think this market will continue to fly up so treat this I'm not telling you to treat it but treat it as a potential dip that's at least what I'm doing but again you know don't buy the dip just because I'm saying to do that do your own research in terms of that and make your own conclusion really so let's go to the Dow Jones let's talk about that very quickly on the hourly chart you can see same as the S&P it's retracing right from 28174 which was that all-time high that we hit now we're starting to pull down to that 50 S&A which has been a level that we've held after every retracement over the past couple of weeks pretty much right so there are size getting down to that healthy spot so this in my opinion could hold maybe 28,000 bucks flat could be where it flatlines and potentially runs up more from there and again I'm watching these futures markets guys very very important because if they gap down Sunday and that gap down holds through Monday morning that could be a huge sign that we're pulling down even further and that's what I'd be watching you know this level is where I'd be watching for the Dow to hold so I could potentially buy the dip and for anybody else out there but again I am not telling you to buy the dip right so NASDAQ here down about 32 points yesterday down about 0.4 percent hit that all-time high what day was this the 27th what day is it today the 30th okay so we hit the all-time high three days ago right and we actually got rejected at that same level roughly at that all-time high so that's looking like a double top here and now we're making a lower high so now we're looking like we want to retrace down to that 180 SMA on this NASDAQ right because you can see each time we've pulled down we've held that 180 SMA you can see it here here here here as well you know we pulled down a couple days ago we triple bottomed right around that 180 SMA ended up launching above it again so I'd definitely watch this level maybe around 83 50 on these NASDAQ futures and um yeah really that's it guys in terms of these markets nothing crazier to go over they're just simply retracing everything that goes up and again these markets have been going up for the past couple of days here everything that's pushing up aggressively it's ultimately going to see a breather which is what we talked about in these previous couple of videos and that's what we ended up getting in these markets yesterday so let's talk about what I did yesterday in terms of my trading and the truth is guys I didn't really do anything you know that I'm swing trading Home Depot that's one of my new swing trades here that I'm in and Home Depot is one that I was getting in pre-market I believe on Thursday right Thursday pre-market I ended up getting into Home Depot pulled down shot up to 223 now we're seeing yet again another retracement down to about 220 bucks so here I'm not looking to add more money quite yet but I still feel comfortable holding my shares because they are if I remember correctly in the 220 to 221 level so that's really all I did I was considering taking a position in Tesla here guys which we'll talk about in a couple of minutes but I didn't want to pull the trigger quite yet to see if I could potentially get a lower starting cost point maybe here on Monday and let me show you guys why very quickly before you know we talk about you guys and D gas but with Tesla here you know we did not really see a confirmation that we're breaking to the upside quite yet we are seeing a strong support here which could end up launching us up but again we did not get the launch up quite yet which is why I didn't take a position and also I could get a lower cost point here especially on Monday if we gap down and start to test 320 bucks which is a major level of support where I'd love adding a little bit in Tesla if it finds support there and if it starts to climb back up so Tesla you know I love it I did not take a position on on Friday but I'm looking to take one here on Monday I almost did guys I'll be honest I almost did but I'm going to give it some time here so let's go over you guys and D gas and natural gas guys which was an absolute bloodbath well not for D gas D gas did absolutely fantastic natural gas and you guys absolute bloodbath let's talk about that NGF 20 and guys we've been talking about this over the past couple of videos haven't we I literally said and have been saying that D gas in the short term is the winner in my opinion natural gas there's a lot of downside that's what I've been saying over these past couple of days due to the mild demand that we've been seeing for natural gas with a 28 billion cubic feet withdrawal this past Wednesday which is a lot less than what we would like to see and it's a lot less than what was expected right that's showing the lack of demand and honestly the mild weather across the U.S. it hasn't been as cold as a lot of people thought so that's putting some pressure on natural gas a lot of pressure at that to the downside right so this thing is down guys I can't believe I'm saying this 7.5 percent right now well it was down 7.5 percent on Friday which is insane this must be this is probably the biggest drop I've seen that I could remember here in the recent future right so we were down 18 cents down about close to 20 cents here down at $2.31 guys and like I mentioned in previous videos you know rather and I think it might have been the last video you know now that we're breaking levels down that we haven't really been to ever there's nowhere to look in terms of supports at least here on the January contracts right in turn or the January futures rather so you can see here this is technically the low of all time in terms of these January futures contracts so if we go back to that 20 day one hour what am I looking to see here right in terms of natural gas well in the short term like I've been saying degas is probably in the favor which goes up whenever natural gas is going down but that doesn't you know that doesn't deter me from saying that you guys could see a bit of a comeback here maybe in the next day or two just simply because natural gas is extremely oversold it's extremely oversold right any type of push to the upside here will give us a short term play in you guys right it will give us that short term play in you guys let's say if this goes up to the 50 SMA again and again I think ultimately it'll continue the downtrend here in the next two three weeks but in the next couple of days we could maybe get that pop where we could play you guys and then once it's hitting that 50 SMA maybe at about 240 238 whatever it may be then if it's if it's continuing to go down from there we could flip over to degas and profit on the continuous downside that we could be seeing here over the next two three weeks like I've been saying in these videos so that's kind of what I'm waiting for here guys a lot of red it's this is terrible guys this is really really terrible but again the RSI well actually the RSI is not too bad in terms of the five day five minute but I'd still just watch for that potential comeback play honestly the potential comeback play is there because judging off the trend here guys you can see you know each time we've hit a lower low and this is a drastic lower low right each time we've hit that we've come back a little bit right just like the S&P hitting all-time highs it has to pull down right that's kind of the same thing with stocks eat in futures for the most part that are going down right they're getting crushed down down down eventually they're going to come up a little bit before breaking up completely or continuing to go down so that's kind of my thoughts there on natural gas right now if you flip over to you guys you can see two dollars and fifty cents you know in the red 21 percent down and one day that is insane guys nine dollars and twenty seven cents and you guys can kind of see what I'm talking about there with the potential bounce back play it looks like it's forming slowly after hours and towards the end of the market on Friday so watch that you know maybe we go back up to the EMA maybe at 990 10 bucks maybe we break that and rally back up to that 50 SMA who knows that's kind of what I'm looking at right now on you guys but nonetheless guys I am probably sticking to the sidelines right now maybe Monday I hop in if anything's looking extremely attractive in terms of these two but they're extremely volatile right now and if you get caught in the wrong trade which I know a lot of people have you know if you get caught in the wrong trade it could really crush you right so do you guys now up 21 cents or not 21 cents 21 percent up 30 bucks we broke completely out of that triple top that I was talking about in yesterday's video that triple top resistance that we saw a couple weeks ago right here which was at about 150 we completely blew right through that now we're looking to test 180 bucks here that is the next level of resistance so maybe we pull down on D gas like I said because you guys might see a bounce back place so look for D gas maybe at around 155 maybe 160 that could be an interesting level to get back in potentially and that's kind of my plan right now right my plan right now is to just focus on you know the short-term pop potential here in natural gas like I mentioned right if we get that I'm looking to trade you guys here in the next one to two days maybe the next three days I could potentially get a pushback up on you guys but again if that doesn't play out I'm not sweating it because I'm in other trades but if we end up getting that I'll play that and if you guys ends up not doing that let's say D gas continues to ride up like I mentioned that could be a play here in the next two three weeks because again we're getting mild weather the weather's not cold here not really as cold as people expected but I think that will change in this next month we just have to wait and see how this the rest of this December month really how how the December month in general ends up playing out in terms of weather patterns and of course what the what the withdrawal rates are of the natural gas supply and so and so forth so that's kind of my thoughts there I know a lot of people have opinions on this so let me know down below in the comments what your thoughts are and yeah it's pretty much it guys and for natural gas you guys and D gas let's talk about some other stocks very quickly rapid fire that I'm kind of watching here Google I like this for a potential pull down and and an entry at around 1270 you guys can see this is kind of a head and shoulder kind of on the on the smaller scale here you can see it head and shoulder forming on Google and it seems like it is selling off to form that right shoulder completely so if we get that full pull down again 1260 could be an entry off of the bounce on that 180 SMA here on the four hour chart at V is another one that did quite well despite the market selling off on Friday up 35 cents up 0.64 percent now I'm looking to enter this one in these next couple of days because we got a critical break above that 180 SMA now we're looking to fill the gap up to about 56 bucks which we did that multiple times over the past couple of weeks so I like at V here really really attractive short term play in my opinion of course Home Depot I'm looking to add more once we get closer to maybe 223 on Home Depot and of course Tesla already talked about that one but looking to add heavily not heavily but maybe add a little bit at 320 if we do get that downwards break if we get the pop might add here at about 335 and then write it up hopefully it gets back up to the 340s and that's where I'm looking to end up profiting so overall guys that's kind of the rundown of the markets you guys D gas hope I didn't butcher anything hope you guys understood kind of my point of view on that again let me know down below in the comments what do you guys think and that's pretty much it leave a like subscribe if you want to see further content join the Stryvesmark community down below discord and the facebook and again if you want to check out the Stryvesmart merch store Stryvesmart store.com we're running a 20 off black friday sale that is linked down below there's no discount code simply just go to the website and if you want to buy anything it automatically takes the 20 off and that's going to end on monday so check that stuff out I appreciate all of you guys as always for rocking with the channel you are awesome I'll catch you all in the next video enjoy your weekend peace out