 What is going on everybody? It's Stas 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 on the 10th of June in 2019 in terms of my trades, as well as taking a look at some other stocks and ETFs that I'm personally watching and looking to trade here, as well as giving my insights on the market right now. We're going to be breaking down some technicals here. And before we do get into that guys, for everybody out there that finds value in these videos, if you enjoy the content, find the content helpful. Feel free to go down below and hit that like button. It really supports me and supports the channel in general. And I really do appreciate every single one of you guys out there watching this content, liking the content, subscribing to the channel, the community we're building here is absolutely awesome. So let's just get right into the topics of today's video. I'm excited to record today guys, the S&P 500 ended up going up 13 points today, up 0.47%. The Dow Jones industrial average up $78 here, up 0.3% at the close, not as good of a day compared to the S&P 500. And the Nasdaq right now, it's down about $2, but this is the future. Let's see exactly where it did end up closing in up. If I do recall correctly, yep, we did see a very significant pullback here towards pretty much the middle of the day ever since we started peaking at this point at $7,500. So let me see really quickly here, we closed that about let's say, actually right about where we are right now. So the Nasdaq closed at about $7,515 today. So overall today guys, across the US markets, the three major indexes that we follow, and I personally track on this channel, we had a day where we gapped up this morning, the futures were up, we peaked in the middle of the day, and then the market started to taper off from there. So we can see one thing here that I'm seeing on the intraday chart for the SPX is take a look at where we closed or actually not closed where we peaked on Friday. Take a look at the S&P 500 resistance from Friday. It was at about 2885. And take a look today, we got back up until the 2900 level on the S&P, and we leveled, we bottomed out at that resistance, but we're holding it at this point as a new support at 2885, and we ended up closing right above that level of support. So what this is telling me is the S&P could be looking to gap up here tomorrow since it did kind of level up from that resistance, right? You guys kind of see what I'm talking about here. And if we go out to the five day five minute very quickly, we can see that gap up again put us on top of that old resistance as a new support at 2885. And we're riding the 180 S&P very nicely closing above it on this five day five minute chart. So that's a pretty good sign that the uptrend is still intact here on a shorter term basis for the S&P 500. Let's go over here to the 184 hour chart very quickly. Let's break what I'm seeing down here. So we all know a couple of days ago at this point, we ended up holding the 2730 level of support. And from there, that's where we started this ridiculous rally that we've been on in the markets over the past five or six trading days at this point, we started to trade up, we broke the critical resistance at $2,800, we popped above 2860. And today we broke another critical resistance at about 2885 as we cracked into the $2,900 level very briefly. And now we just pulled back. And again, like we saw on the smaller timeframe charts, we're simply just holding this level as a new support. So at this point, the next resistance is honestly at the all time high, where I guess you can say there is one at about 2815 coming up. And from there, if we break 2815, if this rally continues, we could be testing yet again, guys, all time highs, which is crazy because I feel like literally last week, we were down 6% from where we are right now. But this market as it's been proven over the past couple of months is extremely volatile, guys. So be careful out there. Do your research before you're hopping into any trades this market. You can make a lot of money here, but it is very, very dangerous as well. So going over to the NASDAQ here, actually note the Dow, we have to do it in order, guys. We always go S&P Dow, the NASDAQ. But NASDAQ here ended up closing below $26,200, which is the resistance that we're looking at right now. So we were in the zone and we're still in the zone, the horizontal zone between $25,500 and $26,200. So let's say this rally continues, we break that 26200 level of resistance, hold it as a new support. We could be trading upwards to $26,400 from there, which is the next resistance at that point. And then if we break there, we're going to be testing the resistance that we got rejected at back towards the end of April at about $26,700. So that's what's going on right now for the NASDAQ on a larger, on the larger timeframe charts here, breaking it down a bit on the smaller timeframe charts on the 20-day one hour where you guys can clearly see the rejection at that level of 26,200. Very obvious here. And if we go on the one day, one minute, you guys will see it even better, right? Literally right at that point, we got rejected and slowly started to go down from that level. And judging on the five day, five minute, again, just like the S&P 500, typically these trends look similar day in, day out between the three major indexes, not always, but they do look similar. Hence why you do see this one, the Dow looks pretty similar to the S&P. It ended up holding above that 180 SMA here as a support. And it ended up closing above the level of resistance that we were at, the peak we were at on Fridays in Friday's trading session. As you guys can see by my cursor here, if I drag that out a bit, you guys can see how it closed above that level. So that's a pretty good sign, a pretty good bullish sign for the Dow and the S&P 500. Going to the 20-day, you guys can see the crazy reversal that we're seeing here. And that's pretty much it for the Dow Jones industrial average. The NASDAQ, which has been the hottest one out of the three major indexes, because for all you that don't know, the NASDAQ is a very tech-heavy index. And tech stocks have been on a rally. They've been going crazy over these past couple of days. Apple, Amazon, Facebook, Google, Microsoft, these big named tech stocks, Netflix, they've all recovered so strongly, some upwards of 10, 11% literally in the past week. And if you guys see this movement that we've seen, the NASDAQ's literally gone from $7,000 all the way up to nearly $7,600 in the matter of a couple of trading days. And you guys can see that's almost an 8% move. That is not normal, guys, which is why I'm quite nervous at these levels. I'm not buying up. Like I mentioned in my earlier video today, I'm not buying up some of these large cap stocks at this point, because I don't want to get caught in a trap. I'd rather be cautious and miss out on some gains here, because I'm viewing more risk at this point than reward for me entering at these high levels at this overheated point in time in the market, in my opinion. I'd much rather just wait to see if it cools off. And that's honestly what I'm going to be doing if I'm being completely honest with you all. So that's the NASDAQ here you guys can see. Again, the crazy reversal going over to the 184-hour chart. We're noticing in yesterday's video, which I actually didn't end up uploading because my microphone malfunctioned, but I did upload it earlier today, I talked about how the NASDAQ was at a level of resistance yesterday. And then we noticed how the futures gapped up. And now we're not under that level of resistance anymore pretty much. Now we're actually breaking out of the 180SMA, but like I mentioned, markets are very overheated. NASDAQ is very overextended in terms of the RSI. It's very overbought. In my opinion, tech needs to see a bit of a sell-off here. And that's what I'm personally waiting for. And guys, I don't know if I mentioned earlier in today's video, one of the main catalysts in my opinion that shot up the markets was the deal that Trump came with Mexico, the president of Mexico. For those of you guys that don't know, Trump slapped tariffs on Mexico starting at 5%. I believe they were supposed to start today on June 10th if they didn't come to an agreement, but they did come to agreement on agreement. And the tariffs were based on migration due to the illegal immigration of people from Mexico coming into the United States. And they quickly came to an agreement. And if they didn't come to an agreement, the tariffs, they would have scaled all the way up to 25% by October. So this is definitely a positive catalyst in the markets today, which did pop up the futures and which did shoot it up early in the day in my personal opinion. So I keep an eye on the $7,500 level for the NASDAQ here. That is a pretty strong resistance. And that's pretty much it for this market update portion of today's video. So let's break down what I personally did today. For those of you guys that were watching crude oil, it had a pretty funky move today. And I want to talk about that in today's video. So let's go down not to my long-term growth dividend plays. Let's go to my inverse ETFs watch list where I do have the crude oil future here. And you guys can see, and this is another thing that I called out in Sunday's video, but again, I messed up the microphone. I didn't record my audio, so I couldn't upload it to you guys. But I was noticing a resistance under this 50 simple moving average on crude oil. Notice how we got rejected there a couple of weeks ago. We saw that massive sell-off as the markets dumped. We recovered a bit and we were seeing that same resistance spot that we were at from a couple of weeks ago. So this opened up my eyes to the DWT ETF, which goes up whenever crude oil is selling off. So let's see some movement here from crude oil pretty much during today. So we can see today was June 10, which is what you're seeing up here. This was earlier in the day before the market even opened in the middle of the night pretty much. Crude oil futures were selling off very slightly, right? Lower lows, lower highs that were dumping. They had this little run-up at 11.15 a.m., so about an hour and a half into the market, and this is when we started to see the massive, massive drops, right? This drop right here was absolutely crazy. We consolidated a bit and then we started to dump very aggressively, which is where I actually caught DWT on the second dump. And if you guys see DWT today, you saw, you're going to see some crazy bull moves here in the matter of a snap of a finger. And I was really lucky at this point, guys, because up to this point, I didn't make any trades. I was watching the market. We saw how the market was selling off a bit, so it was kind of a weird position for me at that point. So I didn't want to hop in. I preferred sitting on cash all the way up to this point. And then I was watching crude oil again because I talked about it in my video earlier today. So I was keeping it on my watch list and in my eyes so I can see any potential moves. And that's when we saw that big dump. I took advantage of that. I didn't catch it at the complete bottom, but as we started to spike up aggressively and as we broke out of 860, which is the resistance from the previous little dump, that's when I took my long position on DWT very quick in and out, guys, literally from 862 up to about, I believe, this resistance level, once we broke out of that, or once it broke out of that, that's when I ended up taking my profits, which was about a 1.1, 1.2% profit. So it was a slow start to the morning, but then DWT busted this crazy move, which I think is actually setting up a nice play for tomorrow. So let's just hop right into the portion of the video where I talk about what I'm watching in terms of stocks and ETF for the next day. So DWT here, again, like we said, it's pulled back very nicely due to crude oil recovering a bit from the massive sell-off that it saw. It went from $10 all the way down to 820 and now it's holding this 50 SMA nicely, very nicely, clear bounce here. Now we just need to see a further push. In tomorrow's session, if we notice how its pre-market session is doing, if it's gapping up a bit, if crude oil is dropping, let's say, into the 52 level from this 53.31 level that it's currently at, that would be a very good sign that DWT might run again tomorrow, which is what I'm personally waiting on here. I just think it's setting up very, very nicely. And if we're looking here on the 20-day one-hour chart, you guys can see it even better. And if we break out of this 50 SMA here, I think that's going to be a confirming point to get into DWT, guys, to be quite honest. So that's what I'm looking at here in terms of DWT. And we can already see the reversals happening. We're noticing on the 5-day 5-minute, it's breaking out of the 180 SMA. It's breaking out of the 50 SMA as well. We're noticing a bullish cross, the 50 SMA crossing above the 180 SMA here. Very, very nice, guys. Very, very nice for a reversal here on DWT. So a couple of other ones that I'm personally watching. Like I said, markets are very overheated. So in times like this, when markets are overextended, they're overbought on the RSI, I never think it's a bad idea to just watch these market ETFs that I have here. This is a watch list, especially in volatile times that I'm always keeping on deck. I'm always watching these ones throughout the day because they move very quickly when the markets see these volatile times, right? And let me show you guys two of my favorite ones that I'm watching right now. And for everybody that watches me every day, you probably see that I talk about these every single day because on these videos, I'm 100% honest with you guys and what I watch. And I watch a lot of the same stuff, a lot of the same ticker symbols every single day. I'm not one of these guys scanning for stocks every single day trying to find these penny stocks, these small cap stocks. That's not what I talk about on this channel, really. That's not what I personally do in terms of trading. Not that it's bad to do that because that's a very good thing to do as well. But me, I stick to more similar ETFs all the time. That's what I've found to work for me. So SQQQ is a NASDAQ 100 ETF. It goes up whenever the NASDAQ is selling off. So if the overheated tech stocks, NASDAQ starts to fall, this one breaks out of the 180SMA. That's my confirming factor here to buy some SQQQ and trade it. As I do think, it's very, very oversold at this point, guys. Very oversold. Take a look at the RSI. That's absolutely crazy. Seems like we did dip a little bit below the 180SMA here, which is a bit alarming. That's not too good of a sign here. But tomorrow, if we do start to pop out of that level again and hold it as a new support, that's going to be pretty promising in my opinion. But until we break out of this level of resistance, guys, until I see a significant market dump, I'm not looking to trade SQQQ, but again, I'm just keeping it on my watch list and never hurts. So SPXS is another ETF. This one is very similar to the SQQQQ one, but it trades based on the S&P 500. So whenever the S&P is selling off, SPXS is going up at a 3X rate. So SPX, the S&P 500, it sells off maybe 2 points, or 2%, rather. This one's going to go up 6% in that scenario. So this one, although it did just like the SQQQQ ETF, it did break the 180SMA support. It's still worth watching in my personal opinion. So those are two ETFs that I'm watching. Let's just run down through these tech stocks very quickly, guys. You can see how overbought and overheated they are. So at this point, Apple here is under the 180SMA and under a resistance at about 195, where we actually got topped off that today. We're also very overbought. RSI is reading 76. Take a look at Amazon now. Amazon is very overbought as well. We're under that 180SMA resistance, and it seems like we're actually getting rejected there as well due to today's price action. Take a look at this one day, one minute, guys. Take a look at that. We sold off or rather got rejected at this point in time and then plateaued for the rest of the day. We saw a little dump here. I don't know what that's from. But these look like they want to dump, to be completely honest with you all, based off my just brief looking at them, this brief technical analysis. Right? So Facebook, very similar. It's under moving average resistance. It's approaching overbought status, right? Google, it's probably same. Exactly. Now it's reaching a level where it's under the 50SMA resistance, rather. We got all the way down to $1,000, guys. Oh my God. I didn't realize how low Google's been getting here. But if we break 1,000 and get into the 900 level, I might have to consider a long-term position on Google. That might be a cool spot or a good spot, rather, to start a position. Because this is one that I've always wanted to add. I've never honestly owned Google stock. That would be pretty cool. And maybe I'll make a video on that in the future. That would be kind of fun. So that's kind of the performance right now of these main tech stocks. Some other ones that I'm watching very quickly, guys. Tesla, of course. I'm watching Tesla. It went up 4% today. Another $8. If we break out of the 180SMA here, that's going to be a pretty good play. But I don't know if that's going to happen, guys. Tesla is very overheated at this point, much in need of a pullback. So those are a couple. You know, obviously, I'm going to be watching drip here. If it breaks out into the 15-16 level, that's going to be a huge breakout. There, if crude oil dumps that most likely will happen, the Gold ETFs, natural gas, just a bunch of the usual guys. So that's kind of today's video. I hope you all enjoyed it. If you did, feel free to go down below and hit that like button again. It really supports me. And I do appreciate every single one of you out there that's doing that, supporting the channel. It really does mean the world to me. If you like the content and you want to see further content from me, subscribe to the channel and hit that notification bell so you're notified every single time that I do make a video. Drop a comment. Let me know your thoughts on anything right now. Markets, stocks, what you're watching, what you're trading. I would love to know. So I'll catch you all in the next video. Good luck tomorrow. Peace out.