 What is going on everybody it stops here welcome back to another video so in today's video just like always guys Just like every single Sunday I'm going to be breaking down the top couple of stocks and ETFs that I'm personally watching Heading into this upcoming week being the third week in August in 2019 as well as breaking down some stocks and ETFs that you guys ended up calling out on Friday's video actually no on Saturday's video in the comments section in the call-out section in our discord group chat or on Instagram in the DM so if you guys did end up calling out a stock on any of these platforms I really do appreciate it and I will be getting to those stocks or ETFs in this video So if you guys find value in this video feel free to go down below hit that like button consider subscribing if you Want to see further content for me and drop a comment Let me know what your thoughts are on the market right now. Where do you think we're headed this week? What stocks and ETFs are you trading? I would love to know and with that further ado guys Let's just get right into it So I decided to wait until 6 p.m. Eastern Standard Time today to record this video because I wanted to see What the futures were going to open up and for those of you guys that don't know the futures market It opens up at 6 p.m. Eastern Standard Time on Sunday and we get to see where the S&P's at where gold is at where the Nasdaq's at where The Dow's that and a bunch of other futures right and we can see here the ES the E-mini S&P 500 index futures They're currently up $12 and 50 cents up 0.43% so it's continuing that nice little run From Friday for those of you guys that paid attention to the markets on Friday We saw a nice pretty amazing honestly green day of 41 points in the S&P 500 So we are continuing that rally from Friday as of right now and remember guys a lot of things can change just because the Futures are green right now that doesn't mean the markets going to be green all day tomorrow right for all we know The market could be red tomorrow, but as of now the futures are green And if we go to the Nasdaq very quickly here slash NQ we're up about the same point in terms of percentage right 0.42% We're up $31 and 50 cents here And if we go to the Dow Jones industrial average index futures here, they're currently up actually more They're up 0.5% 0.50 to be exact up a hundred and twenty nine Points so as of now guys the markets are they're gapping up right they're continuing this rally that they saw on Friday And I'm interested to see you know if this continues into tomorrow This may open up some opportunities to day trade maybe short-term swing trade Some of these larger cap stocks that have been getting crushed over the past couple of weeks You know kind of as the market has been getting killed, you know with the trade war tensions We got the inverted yield curve and all the crazy stuff that's been going on in the markets And if you guys want to see a more in-depth You know a talk in terms of what the market has been up to go check out yesterday's video I'll link it down below in the description box for those of you guys that are interested I talk about more on my thoughts on the market this video is more tailored towards the stocks that I'm watching This week not really the entire market So go check that out if you guys are interested so now that that's out of the way we got a look at the futures Let's take a look at some stocks need TFs that I'm personally watching here with the first one being Facebook guys and Facebook I Feel like ever since they reported their earnings a couple of weeks ago I'm sure a lot of you guys remember they reported earnings They popped up to 216 which is an all-time high for face box. You know, it's not all-time high for Facebook That is not correct. It was almost an all-time high for Facebook. We tested up here at 218 We hit that level back in July of 2018 so about a year ago from now we hit that level and ever since then Facebook has dumped pretty aggressively if we go back To that 184-hour chart we can see from that peak, you know down to about 183 That's about a 13-14 percent drop and what I want to show you guys here and what I want you to take a look at is this trend line that I did end up Drawing out here for Facebook take a look. We bottomed out at 122 back in December We all remember that point in time when the markets were getting crushed stocks were getting crushed Facebook hit a low of 122 this was the bottom that we see here on the six month chart and from there We all remember the markets were recovering Facebook went on a ridiculous rally as a lot of the other stocks did as well, right? We started to run up We started to make higher lows higher highs the price action was very positive The stock just kept hitting highs highs highs, right? We pulled back down This was in a month of May right stocks saw correction in the month of May as well We pulled down and we held a higher low at about 162 we ran up. We saw the earnings We hit 216 and now we pulled back down again We got a double bottom which is a very good sign of a potential bull run right a potential bullish reversal But now we are trading below the 50 SMA Which has been a resistance over the past couple of trading weeks as you guys can see which in my opinion If we break out of this that's going to be very very bullish You know, that's a very bullish move in my personal opinion If we do break out guys, that's going to be the third higher low That's going to be pretty much solidifying the uptrend on this trend line that we've drawn out here So this is why I'm watching Facebook, you know, if we do something like this, right? Even if it's a two three-day move and you know, let's say the markets do end up pushing green this next day or two Right the futures again are indicating that the markets are green right now You know, let's say that runs for a day or two Facebook and definitely see maybe a four or five percent run here Especially since it's been getting crushed so much over the past couple of weeks So that's kind of what I'm watching here on Facebook that you know the technical break again I'm gonna say it one more time guys is a break above this 50 SMA here on the six month chart If we get that I'm going to take a position in Facebook. No doubt about it and from there I'm going to mitigate my risk and of course let you guys know and if we go to that maybe the 20 day one hour chart You guys can see it even better right on this chart You can see the descending pattern Facebook's been on just based off of the moving averages, right? The 50 SMAs is green line the 180 SMAs the yellow line You clearly see we've been getting rejected by those levels and a break out That's going to be very very bullish and you guys can see the line that I drew out here If that ends up happening guys Facebook, I think I'm going to be going long a two three Maybe a four-day swing trade depending on how the market plays out Of course if we get you know a trade war bombshell if something crazy happens this upcoming week That's going to go out the window right if that happens Stocks are definitely going to get hit hard again, and let's say the market in general just tanks I do expect Facebook to tank as well And then that plan yet again is going to be scrapped But as of now if the futures continue to move green this could definitely play out So another one I want to talk about is AT&T and guys AT&T has been absolutely crushing it this stock has kind of been flying under the radar recently Honestly over the past couple of weeks not a lot of people have been talking about it I personally watch this one a lot because I am actually Invested in this one of my long-term portfolio, but take a look at AT&T guys We hit twenty six dollars a share back in December and at this point the dividend yield was ridiculous It was like seven or eight percent at this point and from there we saw a price appreciation in AT&T of about 21% so in eight months guys a 21% move and one of the largest Companies honestly, that's pretty remarkable, right? That's pretty pretty remarkable and during this time period the moving averages the yellow line here the 180 SMA the 50 SMA Which is the green line both of these have been acting as support levels for the stock And it seems like you know as a lot of these dividend companies They're kind of similar but AT&T it seems like a lot of people have been flooding their money into this You know safer quote-unquote dividend paying stock as the market You know has kind of been seeing some turmoil and that's something that you see right a lot of the time these safer dividend paying Companies like the Procter and gambles of the world AT&T Johnson and Johnson right think of these companies McDonald's Coca-Cola the companies that don't have a crazy amount of growth Right a lot of people flood their money here and view them as you know a safer place to have their money when you know there's a Recession looming to be completely honest with you guys because that is what a lot of investors and traders are thinking right now But in terms of a shorter term trade on AT&T, you know at this point in time We hit a high at about $35 right and if we zoom out To the three-year excuse me week chart You know $35 is a point in time or a price point where we are You know roughly $34 $35 we are at a Resistance it's clear that we did break out of that resistance So that's a good sign that we're looking to potentially hold that as a new support and then maybe advance to the next resistance Which at this point is around $36, but if we go back to that you know 184 hour chart Let me pull it up very quickly for you guys you can see that Honestly guys, I would like to pull back and retest this point in time right here The RSI is a bit overbought right now, right? We are at about sixty seven seventy dollars and take a look at the pattern AT&T has been on every time It's hit a high. It's pulled back whether it's one two three percent It's corrected a bit and it's retested the moving average as a support So at this point, I would love to see a pullback and a test at 34 ish dollars again That's going to put us at that 50 SMA and that long term all the resistance now a new support at around $34 and if we do retest that, you know This could be a great swing trade entry point where we could be filling the gap up to the next resistance Which I showed you guys on the longer-term chart is around $36 and that offers about a five percent Margin of profit here on AT&T, so I'm really liking that guys AT&T This is one that I'm for sure watching here heading into these next couple of weeks in the stock market So GRMM this is one that one of my subscribers ended up calling out I believe it was on the video on Saturday as well as the call-out section in our discord group chat And if you guys have not yet joined our discord group chat that is linked down below It's 100% free. We have about 800 people in that chat talking every single day about stocks trading strategies Investing strategies, what's going on in the economy in the news? I highly recommend you guys get in there I'm sure you'll love it and let's get to the stock guys GRM and so this is one that I Was looking at a bit before recording this video and it's quite obvious here that this stock is very choppy It seems like right. We're hitting $60. We run up to $90. We drop down to $76. We pop up to 82 Right, we drop down at 75. This seems like a stock. That's very difficult Kind of to do technical analysis on it's not like to AT&T Which in my opinion is extremely easy to do technical analysis and kind of predict this stocks kind of like a roller coaster It's everywhere right GRM and if we pull up a bit of a longer-term chart here You can see one good thing that I noticed here is that we're pulling back down now to this 50 SMA Support on the three-year one-week chart. This is something that's attractive because notice how every single time We've pulled to that 50 SMA over the past three years. We've held that as a new support We've bounced on top of it and we've hit a fresh new high So now we hit that high at $90 right you guys can clearly see the stock got a bit over-inflated now It's coming back down to earth. We're testing that 50 SMA again This was that about the end of July and now we are seeing a bit of a pop here and now Take a look guys. We have about a 13 to 14 percent margin of profit right now on GRM and but I'm not going to pull the trigger quite yet on this particular stock until this happens And I'm going to tell you right now what that is. Let's go to the 184-hour chart You guys can clearly see ever since we've dropped from that $90 price point The moving averages here the yellow and the 50 and the green line the 180 and the 50 SMA These levels have been acting as resistance points. It's very obvious lower highs have been being made lower lows It's been a straight-up downtrend over the past couple of months really since the month of April in 2019 right so I need to see guys I need to see a Breakout above this trend line here something like this right into the $80 maybe mid 80s at that point We're going to be breaking out on the smaller time frame charts and really confirming the bounce on that 50 SMA On the three-year one week chart, which in my opinion is very critical right now For GRM and if we go a little bit closer here, let's say to the 20-day one-hour chart You guys can see it even clearer right moving averages. They're acting as resistances We need to pop out. We need to break out here and honestly break into the mid 80s in my opinion before me Even considering taking a position in GRM and so that's kind of the gist on that The next stock I want to talk about and honestly guys a lot of the banking stock Have been getting cremated lately. They've been getting crushed bank of america ticker sim will be a c This stock's literally lost for almost actually five dollars five dollars and four cents to be exact Over the past 17 days pretty much since the beginning of august in 2019. That's absolutely ridiculous, right? So this stocks lost about 15 percent of its value This is honestly maybe opening up a long term position play here For you bank investors out there, but on a shorter term basis here BAC If we get the handy dandy support and resistance tool out here You guys can see we're actually at a point in time where we've held above the level We're currently at multiple different times in the past. We held this level back in march Roughly at about 26 27 dollars. You guys can see right here We dumped literally from the same exact point at about 30 dollars all the way down to 26 dollars We held that point. We popped up the 31 We pulled back again in the end of may and we held that same spot at 26 dollars And what did we do after that? We ran all the way up to 31 dollars and now we're pulling back down And we're holding that same exact spot and honestly this was this should have been the first or second stock that I talked about in this video Because this one honestly offers the most potential Maybe along with facebook here Out of all the stocks that i'm going to be talking about in this video right now This is the textbook horizontal pattern guys and for those of you guys that don't know what a horizontal pattern is It's pretty much when a stock is trading or an ETF is trading between A set support level where it's bounced at multiple times in the past And a set resistance where it's gotten rejected at multiple points in the past and you guys can see We've gotten hit at 30 to 31 dollars once twice three times four times five times six times In the past six seven eight months here, you know pretty much since the beginning of 2019 and we've held 26 27 once Twice and now three times over the past same time period right the past six seven eight months So I think it's very possible here that bank of america does see a bit of a breakout But all we need to wait for Is that clear sign of the breakout and in my opinion on the 20 day one hour chart You can clearly see we're kind of still down trending right? We're slowly breaking out of that 50 SMA ideally I'd like to get a break above the 180 SMA maybe back into the 28 dollar level and once we get in there Once we do if we do right that's going to be a point in time where we can really capitalize on a 10 percent swing move If BAC does get back up to 30 to 31 dollars and I personally love this call out guys Thank you so much if you're watching this video. Thank you so much for calling this one out Honestly, let's take a look at some other bank stocks while we're at it I'm sure a lot of the other ones have gotten killed too, you know jp morgan here This is one that did get crushed about 10 dollars over the past 18 days 117 down to about 107. It's kind of in the same predicament here, right? We're holding that level of 107 We were at that level back in the end of may And honestly guys if we do end up popping out of this 50 SMA resistance, right into the 108 209 Maybe 110s this could be a point where we do run up to 116 again 115 And we can grab about a six seven percent But if we're looking at it at the margin of profit BAC clearly offers a lot more than jp morgan Which is why honestly on a risk to reward basis here because whenever you you know scan trades Look at trades. You always have to be like, okay. What is the risk with this trade? What's the reward when you're looking at that BAC in my opinion is is beating out jp morgan because on reward basis here You know up to 31. That's about an 11 12 percent from where we we're currently at here roughly, right? And in terms of risk, you know, I would cut losses once we break this level if I do take a position So from where we are now at about 27 dollars. There is about a two three percent risk here on Bank of America, right? And that's where I cut my profits or my losses rather so 12 percent risk or Reward versus a two three percent risk. That is very good. That's what I personally look for when I am trading stocks So Bank of America, I love Bank of America heading into this week. Keep an eye on it guys I'm sure there's going to be a move. We just have to wait time for Time it correctly and wait for the opportunity. Do not rush into it That's what I'm going to be doing. So amd is another one of those stocks guys that hit a high It did very well for a little bit and it's gotten crushed over the past Couple of weeks and you guys can clearly see from 35 dollars down to where we bottomed out at at about 31 dollars That's about a 14 15 percent opening a 14 15 percent profit margin that was opened and on a technical level here take a look What level we're holding at here? There was a resistance back in april There was a resistance back towards the end of april in the beginning of may at about 29 75 30 dollars, right? We broke that level making it a new support. We retested it back in june We broke up to 35 and now we're retesting that same level of support at around 30 dollars We had a strong move on friday of one dollar and 51 cent and price changed to the upside Up five percent and that's giving me some confidence here that we are going to continue to rally here on amd If the markets do continue to push green if the markets get killed tomorrow guys It's very likely that amd will get killed as well. But let's say markets do well over the next week Let's say we see a bit of a breather a bit of a recovery You know amd can definitely run another five six seven percent This stock is known to get hot right and you can see on the 20 day one hour We are seeing a bit of a breakout here. Notice how ever since we hit 35 We were getting rejected by that 50 sma. We dumped a bit. EMA was acting as a resistance Now we're starting to break out the EMA is crossing above the 50 sma and for those of you guys that don't know The EMA is the fastest reacting moving average at least the way I have set it up here And once that breaks above the other moving averages, that's a very bullish sign That's a very bullish indicator that I personally use and this gonna really end up leading into this upcoming week In terms of price action to the upside, right? So we're going to look for the continuation here if we gap up tomorrow Maybe 31 90 maybe 32 dollars. This could be a very good entry point on advanced micro devices amd And i'm definitely watching that so guys not a long list today of stocks. Honestly facebook t g r m n b a c and amd That's all I have listed here on this little envelope But of course you guys know this especially if you've been watching me for a while I'm trading these market ETFs listed right here on a day-to-day basis for the most part especially when the markets are Volatile right so another scenario that i'm looking here guys are looking at here, right? You see the futures are up, right? So let's say, you know Markets do end up dumping. Let's say tomorrow. We wake up and the futures are red We're starting to see a bit of a pullback if we go to the es you guys can see We're kind of at a point where we're in a wedge right now So let's say we get rejected here and we start to break down You know, this could be a point where the vix pops. We're going to see volatility Markets will go down obviously if we do end up breaking to the downside here And tvix is one that does very well when there's volatility and when the markets are going down And i've been trading this one a lot recently As you guys have been seeing on my instagram, which is linked down below at stop surface Go give me a follow on there. I've been trading this one a lot as the markets have been very very volatile Right, so this one, you know on the on the second theory of the markets potentially dropping this week You know, you have to have Options and plans for both market scenarios, right? If the market goes up and the market goes down You have to realize how to make money and both of these situations So let's say the market dumps this is going to offer a lot of margin upwards of 20 to 25 percent ticker symbol tvix I'm watching this one very very closely sqqq is another one This one is not trading on on the vix guys, but it's trading on the nasdaq nasdaq whenever the nasdaq's going up This one's going up or rather Down right, but whenever the nasdaq is selling off Let's say the nasdaq goes down 2 percent This one's going to be up 6 percent because it's a three x leveraged etf So this one's going to pop if the markets sell off and typically when the markets are selling off guys The nasdaq gets hit the hardest because tech Typically gets hit the hardest and since the nasdaq's a tech heavy index You guys can make the correlation that the nasdaq would get hit the hardest out of the three main indexes that I talk about On this channel. So those are a couple of course tqqq, which is the inverse to sqqq This one follows the nasdaq that goes up when the nasdaq's going up spxl And spxs those trade on the s and p 500 i'm watching those as well And of course guys gold has been hot. We talked about gold I think in yesterday's video if you go to the 20 year one month chart Not the 184 hour chart the 20 year one month chart you guys can see We filled the gap that we called out about a month ago on gold from 14 30 up to 15 50 ish We got rejected at 15 50 now I'm looking to see if we successfully break above 15 50 hold that as new support before maybe even running up to the 1600s guys so gold i'm watching that of course crude oil natural gas You guys degas drip gush all of those that we trade a bunch on the channel all these inverse ETFs I'm watching those as well. So that's it for today's video guys If you did enjoy it feel free to go down below and hit that like button If you want to see further content for me consider subscribing hit that notification bell So you're notified every single time that I do make a video and drop a comment down below Let me know your thoughts on the market what you're trading what stocks ETFs you're watching and where we're headed Honestly guys, I would love to know your opinion You know, I love chatting with you guys in the comment section and if you guys want to be further connected All the links instagram discord twitter facebook all of those are linked down below so feel free to stay connected there I'll catch you all in the next video. Good luck next week guys or this week rather peace out