 Quick announcement guys, before we do get into the video, the StriveSmart merch is finally live, linked down below in the description box as well as the first pinned comment down below in the comment section. Thank you all if you support and buy a piece of merch, whether it be a t-shirt, hoodie, whatever it may be, just know it directly supports me, directly supports the brand and the channel and I truly appreciate you and let's get right into the video. What is going on everybody is 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 personally did today in the markets as well as some stocks and ETFs that I'm personally watching and looking to trade right now in the month of November here in 2019. And as you guys read in the title, we're also going to be talking about you guys, whether or not I think it has opportunity to get to $23 as well as these call options that I did end up selling today. So if you guys enjoy the video, all you have to do is go down below, hit that like button, consider subscribing if you do want to see further content from me and feel free to join our 100% free of charge discord group chat, the StriveSmart discord group chat and the StriveSmart Facebook group, all of those are linked down below. So let's get started off here without wasting any time with the SPX, the S&P 500, the 500 largest publicly traded US companies. This ended up closing the day today up $11.36 up 0.37%. And we can see we actually hit another all-time high today at $3,000, $3,085.2, right? Very, very crazy day today. And honestly, it wasn't actually, it wasn't that crazy of a day to be honest guys, because a lot of the movement came from pre-market, right? A lot of the movement came from the gap up we saw pre-market really from the close that we saw on Friday, which was at around 3066. And from there, we kind of coasted for the entire day at about 3085 to about 3078-ish, which is around a 7-point range, right? And this kind of reminds me of the pattern we saw on Friday, actually, right? And you guys can see it, we gapped up aggressively and from that gap up, we kind of coasted for the rest of the day. We saw that same thing pretty much today. We got the gap up, and then we coasted for the rest of the day. So overall, that's kind of what the S&P did in a nutshell, right? It gapped up, but coasted from the rest of the day there, but still ended up closing up $11. So at this point, like I've mentioned in these videos, as we're hitting all-time highs, there's really no resistance levels that we can see. Well, at this point, 3085 is a resistance level, but above that, there's really nothing because we're at all-time highs. So we kind of have to look at the support levels in this case, which, if we go back to this, let's say, one-hour chart on the S&P, we can say, okay, 3060 is a level of support that if we start pulling down, we could potentially hold that, right? The next one is this next trend line that you're seeing at around 3050, and the next one's going to be around 3027. And notice how all of these are previous old all-time highs, previous all-time highs from the past couple of days here. So if we pull down, which could happen, again, this RSI is looking a bit overbought here. This can definitely, in my opinion, is kind of in need. It's definitely in need for a bit of a pull down. We could be going down to that 3060 and maybe down to this 50SMA, which could put us around 3045 to 3050. So that's kind of what I'm looking at here on the S&P. We're getting more overbought, so we may be coming here to a bit of a pull down. But honestly, guys, in the short term, I do see this continuing to go up in terms of the price based on a bunch of different things, right? Optimism surrounding the trade war. We had a partial trade deal a couple of weeks ago. Jobs reports came in good this past Friday 100. I believe 18,000 or 28,000. I forget off the top of my head. We had good earnings from a lot of the large companies. These are some short-term events that are really pumping optimism into the market. So again, in the short term, I see it going up, but maybe tomorrow we see a pull down. But again, over the next month, short-term, I see it going up still. So let's take a look at the Dow Jones very quickly. Up 114 points here at the close, up 0.42%. And we finally, guys, hit an all-time high on the Dow Jones at $27,517.58. So just like the S&P, we don't really have many resistances to look at at this point other than, again, that all-time high. So now what we have to see is if this pulls down, are we going to hold old all-time highs as support levels, which in this case would be around 27,400, 27,350? That's where we could hold, right? That's what I'm looking at if this does end up seeing a bit of a retracement, which again, it could because it's overbought in terms of the RSI, just like the S&P 500 is. So that's kind of what I'm looking at. That's the performance of the Dow today. And we can go on the hourly chart and see even closer how this is really overbought, guys. We're at the overbought portion of the RSI, right? We did break above, you know, again, that all-time high, the previous all-time high. But we're so, I feel like, extended above this moving average at this point that this chart is screaming for a pullback in my eyes and maybe a retest either here at 27,200 or maybe, honestly, a pull down simply to that old all-time high as a support retest and then a pop from there. That's kind of what I'm looking at right now on the Dow. Going to the NASDAQ here, guys, up 55 points, up 0.68%. And just like the S&P and the Dow, this one seems very extended in terms of being above the moving average, but in terms of the RSI, it's not as overbought. So that's kind of an interesting scenario right now for the NQ. But I can honestly still see it pulling down and testing that 50 SMA here based on this one-hour chart that I'm looking at. Putting it at a level of about 81.50, 81.60, you know, that would be a nice healthy pullback before we potentially continue the run-up or maybe sell off even more from there if we break that moving average. So going to that longer-term chart, four-hour chart, we're at all-time highs again on the NASDAQ guys, 82.30 here in terms of the futures. They've gapped up above all the previous all-time highs. So now all we have to look at are the support levels, which again, 81.00 is a level I'm watching, maybe this 50 SMA at about 80.55. These are some levels that we could pull down to as these markets continue to get overheated. So overall, that's the market update portion of this video, guys. Let me know down below in the comments. What do you think about these markets? Do you think they're going to continue to go up in the short term? Do you think we're due for a sell-off? Are you a lot in cash right now in terms of your portfolio? I'd love to know what you guys have to think. So what did I personally do today, guys? It was a funny day for me today. One of my swing trades got completely obliterated, that one being McDonald's. I know a lot of you guys know I've been in McDonald's for a couple of days now, actually in the average of about 194, that rough area. And we got news today that the McDonald's CEO got fired because he had a relationship with an employee. And what did that do to my swing trade? Well, it threw my swing trade into the trash as my shares were down nearly 3.6% when I decided to just cut my losses. I decided to take a loss on these McDonald's shares. And the lesson here is, I only scaled in with a small amount of my total position. And this is exactly the reason why, guys. Because if I'm only in with 10%, 15% of my goal position size, I lose that 3.5% on an event out of my control, like the CEO getting fired. I'm not losing as much money as I would have if I put in the total 100% position size right off the bat. So I lost 3%, 3.5% from where I got in because I cut losses. But again, it's not the end of the world because I was only in with a small initial position. And from now, I'm looking to see what McDonald's is going to do. If we end up holding 188, I might re-enter depending on what ends up happening. But I didn't want to take that risk overnight of it gapping down tomorrow, even further, putting me in a deeper hole of like, if it went to 186 or something, that would be just digging me in a deeper hole, which again, I'm not about that. I want to cut the losses and just be safe. But if we go back to that three year or not back to it, to it in the first place, we can see 188, 187 is an area where this should technically hold, right? And the RSI is getting very oversold. So I do have confidence that it could maybe find support here in the near term future. But again, I'm looking to just re-enter at this point, did not want to take that risk of holding it overnight. So another thing I wanted to talk about was the call options I sold today. For those of you guys that don't know, I was in call options UNG. And I decided to just lock in those profits due to the massive gap up that we saw in natural gas, right? Natural gas gapped up like 3%, 4%. U gas was up like 14%, 15% today. And UNG was up again a lot, right? 4.3%. My options today, I forget off the top of my head, guys. I'll have a screenshot on here for you. But today, they were up like 50%. Again, I forget. You'll see it in the screenshot. But the total position return was 160%. So I just figured lock in the profits on this massive gap up. If we get a pull down, maybe I can enter in either on a swing trade with actual shares. Maybe I can buy some more call options in UNG. But as of now, I feel comfortable because again, I was in the money, $21 was my strike price. We got to about $22.40 today. So I feel comfortable just locking that in. Let me know down below, what do you guys think about that? Do you think I should have held onto the options for the further upside? Do you think I made the right move of just locking in the profits? I'd love to know what you guys have to think about that. And what are your thoughts on just locking in profits when you're trading options? How do you guys go about that? I'd love to know. So let's get into one more thing I did today, which was at of you guys, ticker symbol ATVI. I actually ended up getting into this in the morning. And I ended up holding it for the majority of the day. And I sold off half of my position locking in the profits. And I kept half for tomorrow. And let me explain to you guys why I did that. So on the one hour chart here, let's zoom in a bit, you can see it nice and beautifully as I've drawn from this trend line. We can see that there's a hard resistance at about $56. There's no question about that, right? But there's also a higher low pattern starting right here. So this can go either one of two ways. We get rejected tomorrow, which in that case, I'd sell out of my position if we ended up getting rejected, or we could end up breaking out. And if we break out, there's room for this thing to run up to $57, $57.50 and even higher, which honestly, this risk reward in my opinion is very, very, what's the word? I guess you can say rewarding. It favors the reward side versus the risk. Because if we actually zoom out a bit further here, you guys can see this thing can run up potentially to the $60 range based off of previous prices and based on this channel, if it breaks that $57 resistance, right? We can run up to $62, $63, which gives this a profit of about 10% in terms of how much we can potentially make. So let me tell you guys where I got in, because that's kind of important. I got in, I believe it was closer to $55. If I timed it in here, guys, I probably would have sold the entire position, but that timing the bottom is pretty much impossible. It's not impossible. I've done it before. I'm sure a bunch of you guys have done it before as well, but it's more of a luck kind of thing, right? But I personally got in, I think it was closer to about $54.85. And again, I held it for the majority of the day, sold off half of my position. I believe it was around like $55.70. So if we look at that level, that's about a 1.5% profit. And again, I'm holding this into tomorrow. Best case scenario, we gap up. I sell out in the $57s right before the earnings report. I think I can potentially do that, right? Worst case scenario, that's the best case scenario. Worst case scenario is we end up getting rejected. We sell down here. And the thing is, guys, I've built a buffer now because I'm up on my shares. So even if we sell off here, I could still probably sell out for a minimal profit, unless it just tanks into tomorrow. That in my case, I'd be screwed, right? But let's say it just pushes down maybe to $55. I'd still get out with a minimal profit, which again, is the reward in my opinion outweighs the risk here, which is why I again held these overnight. That's kind of my explanation in terms of that. So let's break down you guys because I know a lot of you guys click onto this video because of that. You guys, like I mentioned, UNG natural gas, these went crazy today. You guys was up 15% at one point. And if we zoom in to this chart, you guys can see we gapped up above 1830, which was huge. 1830 was that resistance that we talked about in yesterday's video and that I was personally watching as well, that if we broke above that level, we may be gapping up to $20. And then as you read in the title, $23, which if we zoom out a bit, that is the next level that I see you guys going to, based on these honestly technicals and based on the price action that I'm seeing in natural gas in general, right? And let me show you guys how much we could potentially make here if we do break into 20s and into the 23s in terms of a percentage basis, because that's what I focus on. You can focus on dollar amount all you want, but the name of the game is percent because that's how you scale your account, whether you have 500 bucks, 10,000, 50,000, it's percent guys. If you don't learn from a small account how to use percentages to your advantage, that's it. You're done pretty much from the beginning, right? That's why you need to focus on that and not the dollar amount, right? But anyway, side tangent's over. Let's take a look at this. Right now, what I'm thinking and why I kind of took my profits is we may be pulling down in terms of my UNG calls. We may be pulling down here 1830, 1840. We can hold that as a support. That could happen. That's kind of the best case scenario in my opinion, right? If that happens, we can get a nice entry when the R size down probably to about 50, 60 at a more healthy spot, where if we enter there and ride it back up to 20 bucks, that's 10%. And from there, we can see, okay, if we break this level, we can trim our profits, take the profits completely, and look and see are we going to hold 20. And from here, are we going to make that leg up to 23 bucks, which just happens to be where we were a couple of weeks ago when natural gas made its previous rally towards the middle of September. That's about 10%. So ultimately, guys, I think that is very possible here, especially as we get towards the season where natural gas is in demand, right? And the prices are going up. This is something that I can see happening. In the short term, though, like I said, ideally, I'd love to see it pulled down 18 bucks. That is where I would like to get in tomorrow, right? I would love to day trade this thing tomorrow, if we were to pull down at this spot. But I don't know, guys, because take a look at this, this is looking kind of bullish to me. If we pop from here, I think it's going straight to 2021, and we may never even get the pullback. So overall, those are kind of my thoughts on you guys here, everything in general. Let's talk about some other stocks and ETFs very, very quickly that I do have on my phone right here. And some of them, again, I talked about ATV, we already went over that, my thoughts about it McDonald's as well. This is one that I'm looking to potentially get back into. So no need to get into that. One in particular, though, that saw a nice pull down today is Roku, pretty aggressive pull down. We actually talked about this in my video, I think it was yesterday or maybe on Friday. Either way, we talked about it in one of the videos that Roku may pull down and hold that 50 SMA as a support, putting us on top of the level at around 138 to 140. And it seems like right now, Roku is doing that. But the thing is, guys, they're reporting earnings here, I believe, on the sixth, which is this Wednesday. So this can heavily fluctuate the stock. And I personally, there is no way that I would be buying this before earnings. It's too much of a gamble, especially with how volatile the stock is. But let's say it doesn't really do much in terms of price volatility after earnings. They get a good earnings report. Maybe we can enter in as a swing trade off of that 50 SMA and maybe ride it back up. That's something that's possible because this thing's been on fire. Again, if they put up a good earnings report, we can be going back to the 160s, 170s in no time. And I would not be surprised if that ended up happening, which is why I'm watching it. So one more stock, two more stocks actually, one of them being ABB. This is one that it's not on the immediate watch list in terms of, you know, it's setting up as a buy tomorrow. But I think it could be setting up over these next couple of days if it finds its way back to 81 to about $81.50 and holds that level as a support. They did well in terms of their earnings a couple of days ago on the 1st of November, right? We saw that massive pop. The stock's been hot in general, right? Uptrend, the good stuff, all the good stuff, right? You know, riding moving averages. We have the bullish cross here. All the stuff's lining up, but we're overbought a bit, guys. I need to see a pull down. And if we get a pull down, maybe even an aggressive pull down, down to maybe even $78, $79 and hold that 50 SMA, I'm going to be loading up on ABB. That's kind of the goal here. So the last one I want to talk about is 3M, guys. And 3M was doing quite well today, up about 3%, up almost $5. And one level I want to talk about is we broke above 173, which is a resistance from back in the middle of September. And I think this one's been doing good because, or well rather, because these trade talks have been going well, right? And there's been optimism surrounding the trade war. And when that happens, industrials, companies that are related, they start to do well. And you can see, you know, these companies, 3M was slammed when the trade war was getting hot and over the past couple of months as well, right? You guys can see how much this has been getting crushed. And a lot of companies like that have been, right? If we look at Caterpillar, well, not right now. I mean, it's been recovering. But before, you guys can see how Caterpillar has been dropping, you know, Honeywell is another one that's been going down a bit here. But nonetheless, you know, 3M, I see potential in it from 173 to about 178, maybe even back up to the mid-180s. I think it's possible. But the risk is, if the trade war gets rocky again, this thing might be dumping aggressively. So that is it for this video, guys. If you enjoyed it, feel free to go down below, hit that like button, consider subscribing if you do want to see further content from me. And don't forget to join the StrifeSmart Discord group chat and the StrifeSmart Facebook group and pick up any merch from the StrifeSmartStore.com that just launched today. That's linked down below, as well as the first pinned comment in the comment section. Thank you all for watching. Thanks for the support. Oh, and by the way, go check out my M1 Finance portfolio. I'll have the video right up here. Go check it out. It's been doing very, very well. You'll definitely find value in that video. Peace out.