 What is going on 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. We're also going to be doing a trading update talking about what I did today in the markets as well as some stocks and ETFs that I'm watching and looking to trade right now in the end of October heading into the month of November in 2019. As you guys read in the title, I actually bought a stock today on a dip that I believe is a good spot for a swing trade. I'm going to be updating you guys on that and I'm also going to be updating you guys and going over very briefly Facebook's earnings as well as Apple's earnings, which arguably are the two most anticipated companies to report here in the earnings season and honestly in every single earnings season. So all I ask from you is if you enjoy this video, feel free to go down below, hit that like button and consider subscribing and hitting that notification bell if you want to see further content from me and if you want to be further connected with our community, the Strive Smart community, two links down below being the Discord group chat and the Facebook group 100% free of charge, that is how you can be connected. So let's get right into it starting off with the S&P 500 here guys just like we always do. We ended up closing the day up $9.88 up .33%. Nothing crazy guys but on the smaller timeframes here, we can see that this was actually a really good technical day here because we pushed to the higher high here which is good, another all time high at 30.50.1 and we also solidified that level at 30.30 which is pretty much the old all time high at around 30.27 as a new support. We solidified that today with about four separate bottoms here. We kind of bottomed out there four separate times once in the beginning of the day and if I pull up to the one day one minute chart, if I pull that up you'll be able to see it here. We bottomed there in the morning arguably twice here. Then again later on in the day and then towards power hour and towards the latter half of the day we got the double bottom and then we exploded to that higher high and again to that all time high at 30.50. So in my opinion this is looking really really bullish in terms of the SPX. So at this point guys and I'm sure all of you already saw this, not maybe not all of you but most of you saw Facebook and Apple after hours how they're doing and again we'll talk about that in a couple of minutes here but since they're up a decent amount now this can carry on into Thursday and Friday and thus dragging up the stock market and really this is contingent on whether or not Facebook and Apple stay green but I think it can push up the market to all time highs again tomorrow and maybe even on Friday as well. But let's say Facebook and Apple all of a sudden they tank, I'm thinking the market will go down with them but since their earnings were pretty good and again we'll cover that here in a little bit I don't really see them tanking thus the markets in my opinion are going to continue to go up here over the next couple of days. So overall this is looking really bullish on the SPX. If we go to the Dow Jones here guys this is looking very bullish as well despite us not hitting an all time high quite yet we're actually on our way now into the middle of this channel and on our way to that all time high which is around 27,400 bucks and let me pull up the 5 day 5 minute chart so you guys can see how solid and strong 27,000 is as a support here stemming over the past couple of days 3 days to be exact right. We bottomed here on the 28th we double bottomed here on the 29th and today it feels like we had four or five bottoms here at that 27k level before launching up and hitting that higher high at 27,000. So right now this is looking extremely bullish in my opinion right so just watch for that potential break above 27,000 for anything above that is obviously an all time high right. So taking a look here at the NASDAQ guys this one did quite well today as well you can see the futures are up right now 10 bucks up 0.13% but if I pull up my Yahoo Finance app to get the exact you know number that we closed that we ended up closing up 0.33% up 27 points on the NQ and the futures are up after hours here because again Facebook and Apple are up as well and those are tech heavy stocks obviously the NASDAQ is a tech heavy index so that is influencing the NASDAQ to go up here. And the technicals that I'm liking on the NASDAQ here are you know we pulled down held 8050 as a support and which was the all time high that we've been talking about on these videos we held that old resistance as a support and we really popped at that point and really hit another all time high here at 8140 and that's really good because that's a higher high the bounce on the old resistance as a new support is a higher low so that is in my opinion a nice beautiful continuation here of the uptrend and you can see it based on that trend line that I just drew right and going to that one hour chart you can see it even better how nice of an uptrend this is we pulled down beautifully held the higher low and again we popped to that all time high so we got a rate cut again that's something to mention worth mentioning in this video in my opinion the market has been expecting that so that's why we're not seeing you know a crazy movement here I guess arguably you could say the spike here towards the end of the day could have been from the rate cut but yeah we got a rate cut 25 basis points now it's between 1.5 and 1.75 so it's interesting to see how this market is going to react 1.5 1.75 in terms of basis points here and it's interesting to see how the markets going to react to this over the next couple of days so overall that's my thoughts on the market very brief here guys S&P at all time highs NASDAQ at all time highs and I honestly think the Dow will follow suit here and get to all time highs over the next couple of days you know as these markets find their way to continue to go up you know in my personal opinion so let me know down below in the comments what are your thoughts on that and let's get into very quickly now what I personally bought today what I traded today then we'll get into Apple and Facebook's earnings and a couple of other stocks that I'm watching here that I'm looking to trade so what did I buy today guys I'm pretty sure I posted it on my Instagram so follow me on Instagram down below if you haven't done so already at stock surface but what I bought today was Mick Donald's guys MCD and I actually got a pretty good entry here and the fact that I'm up about 1.5% on my position already gave me comfort to hold these shares overnight and honestly my goal with this position was to hold them overnight anyway because I'm looking to swing traded right so overall McDonald's had not a terrible earnings report but they didn't have the best earnings report either which is why the stock ended up tanking down from 210 all the way down to 190 finding that support at around 190 and then ultimately breaking above 193 and into the 194 is where I thought and through my analysis I figured this was a good buying point because you can see 194 193 ish is a level of support you know the last time we broke above there we filled the gap up to 198 very nicely so for me the pop above there that was a buy signal this morning right and if we go to that one day one minute we can see this one was straight uptrending all day and I got in at about 194 20 I believe 194 30 somewhere around there if I'm not mistaken and again you guys can see I'm already up about 1.4% on my shares right now and I do plan on scaling into this position over the next couple of weeks as it does continue and if it does continue the uptrend overall you know my thoughts on McDonald's here once I start to get in the profit more I'm probably going to set my trailing stop loss but ultimately as you guys can see on these trend lines that I've drawn out here the first point that I wanted to break above is 198 this is the next resistance I'm seeing if we break above there I'm planning on adding more to my position so right now I'm in with about 1015% of the goal of my position right because when I'm swing trading I'm scaling in slowly that's kind of my strategy and I know a bunch of others do that as well and do well doing that right so I'm in there with about 1015% and 194 and once we break 195 if we break 195 or not 195 198 that's where I'm looking to add even more and ultimately the first sell target on my McDonald's you know in the perfect scenario here in terms of my McDonald's shares will be at around 206 bucks so let's say I'm in 194 like I said I get in 198 maybe I buy a little bit more in 200 bringing my total position weighted probably at around 197 198 something like that right let's say I'm in there with the weighted position how much could I make up to that first target sell it's going to be around 5% so to give you guys perspective on how much money that is even though I don't focus on the money value I focus on the percentage let me give you guys some perspective right so 10,000 bucks 5% that's 500 bucks 1,000 bucks 5% that's 50 bucks so if you're playing with whatever amount of money my my personal philosophy and I know a lot of people do this as well is to focus on the percentage not the dollar amount because if you're focusing on the dollar amount a lot of the time if you're trading with a smaller amount of money you're going to be discouraged but why I focus on percentage and why I always have is you can really scale up that way if you're starting out with a thousand you know you get 5% that's 50 bucks then if you keep scaling eventually let's say you get to 10,000 20,000 the profits are going to be massive as you're scaling up as you're building your principles as you're building your strategies and as you advance as a trader and as an investor so now that's pretty much my strategy you know with McDonald's I'm in that and honestly that's all I ended up doing today in terms of my trading right I actually got into you guys did not do anything really with the position kind of a break even play today guys because if you were paying attention to it you know I was getting in at this level because we were holding 1660 1670 but we never got that pop so that's kind of why I broke even because I bought in and honestly I just sold out because you know I didn't want to take the huge risk of holding this one overnight in my larger accounts right you guys saw yesterday in the you guys video I've been holding overnight but that's in my smaller more risky account and you know at this point I'm kind of waiting to see what the report is going to be like tomorrow at 10 30 a.m. Eastern Standard before taking a position in either you guys or D gas so you know I figured you know maybe breaking even will be the safest bet at this point and that's why I ended up hopping out of you guys you know before the market closed but overall that's what I ended up doing the dip by is McDonald's guys I'm really liking McDonald's right now I think it's again it's going to be a huge turnaround play here over the next couple of months now let's get into Apple and Facebook earnings because guys these did quite well and let's just get into it and some other stocks and ETFs that I'm watching and looking to trade right now so Apple has been ripping over the past couple of months you know on this six months chart you guys can see back in February it was 168 now it's almost 250 dollars per share giving that you know a share increase of like 40 50% more like 30 40% which is absolutely incredible right and here after hours on the one day one a minute you can see it's kind of been going everywhere they initially reported earnings went up to 250 back down to 245 and now it's hovering around 247 as expected right you know when these big companies report earnings a lot of the time they're moving up and down up and down like crazy after hours and that's just how it goes guys so let's take a look at what they ended up reporting you guys can see here based on the CNBC article Apple beat Wall Street's expectations on revenue and earnings even as iPhone sales came in lighter than expected total revenue is up partially due to the 18% growth in Apple services business and 54% growth in wearables including the AirPods and speaking of AirPods guys have you seen the new ones that are coming out they're a bit pricey I'm probably not going to get them to be honest I'm too kind of frugal for that to be completely honest with the guys are like 250 bucks but they look pretty slick they have that you know kind of cushiony earbud built into it which I personally really like so if they ever do some kind of sale which I don't even know if Apple does sales like that to be honest for their big products I doubt they even do I'd probably buy them but you know there's a little sign note on those AirPods they are pretty cool you guys can see Apple stock was up slightly and after hours trading let's get into the meat and bones of these earnings guys revenue 64 billion versus 62.99 billion estimated that's a nice beat on revenue EPS came in way better than estimates 3.03 in EPS versus 2.84 estimated guidance revenue which is important here came in at 85.5 billion versus or not versus 289.5 billion versus 86.92 billion so obviously if their revenue gets to the upper end of that guidance that's going to be the best case scenario and even above that would be even better right going above the guidance that's always great that shows that management is executing and doing a very good job at just executing the goals of the business right iPhone revenue 33.36 billion versus 32.4 billion so iPhone revenue came in above the estimates and services revenue 12.51 billion versus 12.15 billion estimated so we all know services this is the growing business one of the best growing businesses for Apple and what they're really focusing on now so the fact that they beat there that is a really good sign so those are the brief numbers here on Apple without getting too deep into it because this video will end up being 45 minutes long that's kind of what we're dealing with right here and after hours it seems like you know Apple and honestly into the the close of the market today Apple held that 50 SMA on the four-hour chart seems like we obviously hit an all-time high and it seems like this uptrend is continuing so I'd personally be interested in seeing is this going to continue over the next couple of weeks are we eventually going to take a breather and Apple I think we eventually will guys here you know I'm talking about a sizable breather not like a 1-2% type of thing I'm talking like a 5% at least I think Apple's in need of a trim of at least 3-4 5% at this point because this stocks just overheated it's insane right now guys so you know if my theory comes correct over the next month or two you know hey we might hit an all-time high again but ultimately I think we could pull down either to that 50 SMA and retest even though that's not a 5% trim I think the 180 SMA is where you know we would see a healthy pullback to and that could be a spot where I'd consider buying on the dip as a swing trade and guys if we do get there you know that's putting us close to that 5-6% trim so that's kind of what I would like to see for Apple before getting in now getting to Facebook and Facebook's looking way more attractive right now in my opinion because we've been talking about this channel that Facebook needs to get into before I want to trade it and that channel is between 193 and 205 bucks and honestly even higher than that which is the all-time high we hit before after last earnings at 215 bucks so a lot of margin here guys a lot of potential from where we are now at 196 after hours up to 205 that's 5% up to that 215 level that's 89 even up to 10% so what did they do in terms of earnings here guys this is clearly doing very very well after hours we actually hit 200 bucks here let's take a look at their earnings let me pull them up for you so earnings came in at $2.12 versus $1.91 per share that is crazy so they absolutely beat earnings in terms of EPS revenue came in at 17.65 billion versus 17.37 billion so they beat on revenue daily active users although this number has been slowing down obviously guys still came in pretty nice at 1.62 billion versus 1.61 billion monthly active users came in right in line with estimates at 2.45 billion versus 2.45 billion an average revenue per user 7.26 $7.26 versus $7.09 which is a very very nice beat on that and taking a look at some of these charts here in terms of Facebook you know their average revenue per user has kind of been halting here over the past couple of quarters you can see we're kind of in line with where we were about a year ago in Q4 of 18 so ultimately I'd like to see that number get closer and closer to 8 bucks here and I think it will as the company continues to expand and get more users but then again guys the company is kind of slowing down in terms of its users here as you can see we're still growing but not as quick as we were a couple of years ago which makes sense right because there's a limited amount of people in the world obviously Facebook is blocked in China and Facebook was in China guys oh my goodness their revenue can literally double and triple from where it is right now due to how massive that market is but that's a whole different story I don't think they'll ever be in China it's just not going to happen in my opinion but nonetheless those are what Facebook's earnings are looking like pretty nice growth all across the board one thing to mention that's worth mentioning is they grew their revenue 29% from a year earlier marking the third straight quarter of sub 30 expansion so again their revenue you know their numbers aren't growing as crazy as they were a couple of years ago but still nice growth here in Facebook I'm liking the way it's looking so overall you know again this is a trade that I want to make and I'm most likely going to buy I don't know about tomorrow I want to see when it settles out where it settles down a little bit but probably next week I'm looking to build a swing position here on Facebook I think it's looking very attractive so let's get into some other stocks very quickly guys that I'm looking at we talked about McDonald's Facebook Apple let's get into some natural gas and natural gas today guys you know we saw you guys earlier in this video it pretty much consolidated here all day at 268 and I'm really thinking that this are not not the earnings report the gas report at 10 30 a.m. is what's going to shift this either up or down and based on the price this has been very bullish and arguably this is the next setup before the next bull run here on natural gas and we could very well get that you know based on what these you know the the reports going to be again tomorrow at 10 30 a.m. so watch the potential gap fill here to 271 272 if we break that that's going to be extremely extremely bullish and from there you guys is probably going to be dipping its toes back into the mid 17s like we hit earlier that we hit earlier today and maybe even higher to 18 bucks because 18 bucks as you can see here is one of the next major resistances and the good thing is we held 1670 so nicely today guys as a support I wouldn't be surprised if we do fill this gap to 1820 over the next couple of days maybe even tomorrow you know as quick as because this thing has been moving so quick I wouldn't be surprised if we did hit it tomorrow because literally we gapped up 15% the past couple of days both I think both you know yesterday and today were huge gap up days so watch for that you know you guys is looking very bullish in my personal opinion right now Shopify is another one worth watching here but I would only get into it if we were to break above these moving averages because now we're seeing a bearish cross here which is the 50 SMA crossing below the 180 SMA that's a negative sign we're getting rejected by the 180 SMA and the 50 SMA that's a negative sign as well but a good sign here is that we're holding 297 300 bucks as a support that's a good sign earnings are already out of the way they didn't do too well in terms of earnings but nonetheless if we get that technical break I think that could be enough here maybe with some volume in it to push Shopify even higher here and maybe break us out you know to that 350 level again 360 and even to an all-time high honestly I wouldn't be surprised just you know due to the way this has been moving over the past couple of months this stock has been going parabolic Roku and Shopify in my opinion are the hottest stocks in the stock market so far I don't know if that's a fact due to percentages based on percentages but you know out of the ones I've been tracking you know these are the two that have been flying up the craziest based on my watch list right so you know that's what I'm looking for in terms of Shopify that break in my opinion would be a buy signal add these another one that's looking very bullish but I'm hesitant because they're reporting earnings on the first so I'm most likely going to wait until after that but the good thing is we're in the next channel now between 79 bucks and 81 dollars and 50 cents giving us a margin of profit of around 2 to 3 percent so that is something that could definitely happen here on ABV but again I'm waiting for these earnings because I don't want to get stuck in a trade where you know the earnings are poor and then the stock dumps I rather just wait until after for ABV here and that's what I'm going to do the last stock that I want to talk about today guys is PayPal ticker symbol PYPL this one's setting up in my opinion for potential breakout here tomorrow based on what it ended up doing today and what did it end up doing today guys well we ended up maintaining the old resistance being that 180 SMA as a support and we got a huge bullish candle here on this four-hour chart and if we go to the one day one minute you guys can see how bullish this thing looked heading into the close of the market today and actually after hours you can see it's up right now as well so I'd say you know a buy signal on PayPal in my opinion would be if we start to break back up into the 107s that could be a place to scale in and ultimately above 10850 that's where I'm looking to buy into PayPal so overall guys that is the market update for today trading update what I'm personally doing and my thoughts and kind of an update brief update on what Apple and Facebook did in terms of their earnings so if you enjoyed this video let me know down below in the comments what you thought about it feel free to go down below hit that like button and consider subscribing and hitting that notification bell if you do want to see further content from me and also don't forget join the StrifeSmart discord group chat and the StrifeSmart Facebook group those are linked down below in the description box so I'll catch you all in the next video thanks again for watching peace out