 What is going on everybody? Astos here. Welcome back to another video. So in this video, we're going to be doing an overall market update looking at the Dow Jones, the S&P 500, and the Nasdaq. And we're also going to be talking about one trade that I made today on the 9th of January in 2019. But before we do talk about that, for all you new viewers to this channel, my name is Stos. And I make videos dealing with swing trading, day trading, long-term investing, and my personal philosophies and strategies when it comes down to investing and trading in the stock market. So for those of you guys who want to learn more about that, feel free to drop a like, leave a comment, and subscribe. And follow me on Instagram, as well as on Twitter, and join our Discord group chat, as well as our Facebook group. All of those are linked down below in the description box. So right now, guys, at the time that I'm recording this video, it's about 4.02 PM Eastern Standard Time, and the market literally closed about two minutes ago. And we had yet again, another green day today in the stock market, guys. We can see the Nasdaq composite closed the day up around 60 points, up about 0.9%. The Dow Jones closed the day up about 91 points, up around 0.4%. And the S&P 500 today closed the day up around 0.4%, up around $10.54 on the close. So today wasn't the most spectacular green day out there, guys, compared to some that we've been having over the past couple of days, which I do like in terms of the market kind of slowing down. But it was a green day nonetheless. And let's just talk about what these charts are telling us. We're going to identify some supports. We're going to identify some resistances and get an overall understanding of where this market is pushing over these next couple of days. So starting off here with the Dow Jones, guys, we can clearly identify a resistance here at around $24,200. And if you guys watch my videos every single day, I go over the markets every single day so we can get a better understanding of the trend so we can then therefore transfer the information that we get from the trend into what stocks and ETFs we're going to be trading for that day, for the next day, for the rest of the week. It's just a way to gauge what we're going to be trading. And it's just very useful in my personal opinion to do this every single day, pre-market hours, after market hours, to just study what the market is doing overall. So we can notice that the Dow Jones right now is nearly at $24,000, and we're nearing that resistance at around $24,200 to $24,100. So we've been talking about how we've been having about, this is the 10th green day in a row, I believe, the 10th day that we've been pushing up in price in a row. Obviously, we did have a sell-off here. So technically, it's not the 10th green day, but it's the 10th day that we've been recovering from this bottoming out point at around $21,700 in the Dow Jones. And this leaves me to believe that we're going to be having a pullback in one of these days. I've been talking about this over these past couple of videos that I do expect a pullback in the markets coming very, very soon because we've noticed over the past couple of weeks, guys, pretty much since the beginning of this trade-off in October, every time that we've had some green days in a row, we've followed that by even more selling. We've had some green days here. We sold off to an even lower low from the previous low, had some more green days in this point in time and sold off very heavily in the month of December. We've found that bottoming out point. We're up around nearly 2,300 points from this bottoming out point in the Dow Jones. The RSI is getting to the overbought side, overbought territory right here. Guys, I think we're going to be experiencing a trade-off, a sell-off in these next coming days, especially since we're under that resistance. We're in the 10th day now of recovery. And once this good news fizzles off, I know there's a bunch of news right now with Trump and China coming to a trade deal. I personally don't buy it. I still think we are far away from a trade deal whether it be a couple of months away, a year away. I don't think it's going to happen in these next couple of weeks. I just don't really buy it. I think Trump is tweeting out that trade progress is going well, simply to just put some optimism into the minds of investors and thus push up the market. We've been noticing Trump has been saying this in the media. He sent a tweet out yesterday. The market did pretty well yesterday. And that led into today. I believe the tweet yesterday and all the good news that we've been getting from the Fed has really just been clouding us with short-term optimism, which is why I think guys, especially since, like I said, we're overbought right now. We're nearing this resistance. I think that markets are going to sell off in the next couple of days. And I think it's going to happen pretty hard, like this type of sell-off that we saw a couple of days back in terms of the Dow. I think this type of sell-off is in store where we'll lose about 500, 600, 700 points. It's just a matter of when it's going to happen. So in terms of this closer term, chart guys here, on the 20-day, we are still holding that higher, high, higher low pattern, with the low here being at around 22,600, previous low obviously at around 21,700. So if we do experience a sell-off, I think if the Dow is going to hold the uptrend, we'll be able to pull back to at least 23,500. And obviously if we break that, it's going to be a break of pattern to the downside. And that's where more selling, in my opinion, is going to start kicking in. But the fact today, guys, that we didn't have an explosive green day, right? That's a very good sign that the markets are slowly starting to slow down right now. And that's really what the trend is telling me. Because if we can see on an even closer base chart here, we can see this trend line that I just drew for you guys. And we can see, actually, let's go to the one day, one minute, you'll see it even better here. So based off of today's trading day and yesterday's trading day, we technically broke the trend of making higher highs, higher lows on this trend line that I have drawn out from these past two trading days, right? That was a very strong support. We can see it here, guys, even in this sell-off that we had today, we still held that trend here. We popped up, made another higher high here from the previous high. It was very briefly higher. It wasn't too much higher, but technically, it's still a higher high. And we held it here, guys, again on this sell-off. But then we had struggle breaking out of this intraday resistance. And then we ended up selling off even more, breaking that trend. So it's very important to just take a look at all of the different time frames to spot short-term trends like this, and then to spot some longer-term trends on the 180 chart and all these other ones that we talk about, right? The 20-day chart, the 30-day chart, right? These are all very important. And just judging off the 30-day chart, guys, we're under the 180 SMA resistance as well. So in my opinion, guys, just judging briefly solely off of these technicals, a pullback is coming in the Dow Jones very, very soon in my opinion from what I'm getting on these technicals. And remember, guys, it's always important for you to do your own research. Do not base your trades off of my analysis. Please don't do this because that's not how you're going to learn at the end of the day, guys. You have to put in the work for yourself. Understand the markets for yourself. So then you can pick stocks and ETFs for yourself so you don't have to rely on anybody else, right? That's the whole entire idea of this channel and why I'm uploading to you guys every single day so I can just hammer this into your heads. It's very, very important. So let's take a look at the S&P 500 very quickly. It's in a similar situation. We broke that resistance of the 50 SMA on the 180 chart. I believe that was yesterday or the day before. And if we take a look at some closer-term charts here, this one is still holding that uptrending pattern on the 20-day chart as well, making higher highs, higher lows. That's still intact. But let's say we do break, let me just erase this one very quickly, remove drawing. Let's say we, for example, let's say we break right around here, which is the next support. If we do end up pulling back in the S&P, that's going to be a reversal pattern to the downside. And then I will expect more selling to come if we break this area. And especially guys, if we break this previous support down here at around $2,450. And if we're judging on an even closer-based chart here, this one also broke that intraday or, well, the two previous trading days trend line that I just drew out for you guys of the S&P 500 here. We can see this trend line was a very solid support, right? Very, very solid support. Up until around 2.30 p.m. today, Eastern Standard Time with about an hour and a half left in the market. This is where we found a strong resistance at around $25.90, $2,600 for the S&P 500. Then we ended up selling off even more. And we broke that trend here. So again, just like the Dow guys, look at a lot of different time frames when you're doing your analysis in terms of all these indices, and especially on individual stocks and ETFs. So let's take a look at the NASDAQ composite very quickly. We broke that resistance of the 180 S&P that we were talking about in yesterday's video on this 180 day four-hour chart. We broke it today, guys, with a very strong day. And out of the three major indices, this one did the best today. And we can see it's still climbing up after market hours, because this one right here, this is a future, guys. So this one's open after market hours. But the Dow Jones here, this is not a future, guys. This is the actual index. And this one obviously stops moving at 4 p.m. Eastern Standard Time and wherever the market or whatever time the market closes in your specific time zone. But there's obviously Dow Jones futures as well, but I don't have them right here on my watch list. So in terms of the NASDAQ futures here, if we take a look at some closer terms charts, just like the S&P guys, just like the NASDAQ, we're still holding that higher high, higher low pattern. And let's say we do end up pulling back. If we break this trend line here and the 180 S&P here, that's going to be a break of pattern to the downside. And especially if we break the 61.50 support here, that's going to be an even bigger break of trend, meaning more selling to come, in my opinion, based off of these technical charts here. So that is what the overall market is looking, guys. We had a little bit of a slowdown day today in the NASDAQ, in the Dow, in the S&P, but nonetheless, it was still a green day, guys. And that marks the 10th day of recovery in a row for the markets since we sold off heavily in the month of December. So what did I trade today, guys? What did I trade? Well, I traded UWT, which is one of the ETFs that we called out in yesterday's video. And if you guys watched that video, I know you guys remember that I called this out because a bunch of you guys in the Discord group chat today actually benefited from trading UWT. So congrats to you. Shout out to you. If you did trade UWT today, because that ETF went absolutely bananas today, absolutely haywire. And we can see why, because crude oil here had a 5% day, guys. 5% day. We broke the 180 S&P here, which is where we were at when I recorded yesterday's video, right? If you guys remember that. And we were up $2.45. And obviously, guys, these ETFs that we trade, they move very quickly based on the underlying asset. And by this, I mean UWT, since it's a leveraged ETF, you can see it right here, right? 3X, it moves three times quicker than the underlying asset, which in this case is crude oil. So the fact that crude oil had a ridiculous day, right? We can see it just based off the math, right? 5% day for crude oil, meaning that UWT should be up around 15%. And that's exactly what it was up, right? It was up 15.46%. I know the numbers don't add up exactly right, guys. It's not up exactly three times as much as crude oil. But it's in the same ballpark, right? It's not meant to be exact, guys. These ETFs don't correlate to the dot, you know, but they're very, very, very close to their underlying asset in terms of price action, in terms of price performance. So, guys, I traded this one today. All you guys know out there that I'm a very conservative trader. So I only took about 3% again on this trade, just like yesterday, I made 3% today. I made 3% again on UWT. And we can see exactly where I ended up doing that if we do get onto these closer term charts here. So, we noticed a big sell-off in crude oil this morning, I believe, once they reported the oil report today. I think crude oil dumped. This was at about 1023. So obviously, crude oil dumped around 1023. And we started to see some volume kicking back in. We broke out of the 180 SMA. We broke above the 50 SMA here on the intraday chart. And that's where I really started to see the opportunity in crude oil, especially since it was technically still on an uptrend based on the past couple of days, because this is still a higher low from the previous low if we're judging on an intraday basis here. So once we really started to kick up here, I added some money into UWT. And I added even more money when we broke this resistance at around 5150 in crude oil. And we can see how that correlated over here to UWT once I do pull this chart up. So I got into UWT guys right around $12.37, I believe, once we broke out of the 180 SMA, added a little bit of more money at about 1260 once we broke that resistance. So my average cost was right around here at around $12.45. And simply guys, I wrote it up 3% at this point. And I took my profits right at around $12.85. So from $12.45, guys, up to $12.85, that was a $0.40 per share gain, giving me a 3% profit on UWT. And my psychology behind this guys, why I ended up selling is because at this point in time, guys, picture me in this point in time, right? Without understanding and knowing what happened later on in the day. When I sold, guys, we were already extremely overextended in the ETF. We already made a higher high from earlier in the day. And especially from yesterday, guys, right literally $12.85, we were up already about $1.60 from where we closed yesterday. And the RSI was telling us we were overbought. So I figured that was a very good time to take my profits, right? And I could have made even more money, probably an extra 3% if I were to hold up to $13.26. But the whole entire idea, guys, of trading and being a consistent trader, which is way more important than getting an $1,000 profit in a day is being consistent, right? Is to take your profits and be consistent with taking your profits in your target for your day. I always tell you guys to make a daily goal in terms of percentage, or you can do dollar value, but I prefer making a percentage goal daily. And once you're in that range, guys, it's never a bad idea to just take your profits, close your laptop for the day, and just be done trading for the day, because that is how you avoid over-trading, maybe putting in money into a stock that's not doing too well. You avoid getting any FOMO feelings doing this. And it's really just worked for me over the past couple of years, just sticking to the targets. Once you hit the targets, stop trading for the day and focus on the next day, right? Obviously, I'm not taking my computer completely off think or swim for the rest of the day. I'm obviously still looking at charts, guys. I'm still studying, but I'm at the point in my trading career now where I don't get tempted to take trades because I consider myself extremely disciplined when it comes to trading and just everything I do in my life, guys. I go to the gym a lot. I run other businesses, right? I just am a very disciplined person when it comes down to what I'm doing on a day-to-day basis. And this has been able to transfer to my trading. And this is why I do what I do. And it's just really worked wonders for me. And I really hope that you guys can take that from this video and apply it to your own life, to your own trading style because I promise it will help you wonders, right? It'll do very well for you if you're able to just be patient, consistent, and stick to your daily goal and not get too greedy, guys. Very, very important. So, in terms of UWT's chart right now, guys, because I do want to potentially hop back into UWT is, you know, we're getting overbought, right? That's kind of obvious here. We're at the 80 level in terms of the RSI. And anything near 70, let alone over 70, is extremely overbought. And we can see, guys, we haven't seen a red candlestick in sight for UWT over the past couple of days. Plus, we're at a resistance right here under the 180 SMA. So, I wouldn't really be too surprised at this point in time if we do end up selling off for UWT, maybe back down to the $12 range, maybe do $11.50 again. It all depends on what crude oil is going to do. But, again, I think we're going to be selling off a tad bit here because we're overbought. It's extremely overextended in my personal opinion and what I can drag from these charts. And I just think a pullback is coming just like I think a pullback is coming for the entire stock market. So, another stock that did or rather an ETF that's looking very good right now, I think it's kind of forming a cup-and-handle pattern here, is Jnug, right? We talked about Jnug. I was able to trade this one a couple of days ago on this dip, and it pretty much played out perfectly, right, guys? It played nicely on this trend. We pulled back from $10.50 down to around $9.40, bounced back up. Now, we're testing previous resistances at around $10.50. So, if Jnug's able to break out of $10.50, if Gold is able to get back into the $1,300 range, I don't see a problem with Jnug. Maybe touching back into the $11 range, maybe even $12 range, if GC, Gold futures do get into the $1,305 range, maybe the $13.10 range, we're going to be seeing Jnug doing very well at that point in time. And I'm really looking to potentially trade Jnug, but I do want to see, guys, are we going to break out of this resistance, or are we going to do a sort of cup-and-handle pattern right here, get rejected and push down, or are we going to do a little cup-and-handle pattern here and then break to the upside. It's just what I'm seeing from these charts right here. I just see a slow cup-and-handle starting to form. We got the cup here, and now we're starting to see some movement right here. So, drop a comment. Let me know, guys, what did you end up trading today? I would love to know. What do you think about Jnug? Do you like this one going on to these next couple of days, next couple of weeks? I personally do. If you do, let me know why you do and why you see potential in it down below. In the comment section, I respond to every single comment. I love chatting with you guys, talking about stocks, investing options, whatever you guys want to talk about. Please, please, please drop a comment down below and we'll get to talking. So, that is what I'm looking at in terms of Jnug right now, guys, and in terms of inverse ETFs in general, Jnug, JDST, UWT, and DWT are all at the top of my list here, guys. If we go back to crude oil, you know how I'm going to approach this trade if crude oil does end up pulling back is I'm going to trade DWT on this pullback if we do get a confirmation of this pullback, right? And then once we start to consolidate, if we consolidate and maintain this uptrending pattern, that is where I'm going to get into UWT on the rise back up. So, that's the beauty of inverse ETFs, right, guys? You can play the pullback in the underlying asset, in this case being crude oil, and then you can play the reversal and the continuation of the uptrend in crude oil with the inverse, right? It's just a beautiful thing you can do. But again, leveraged ETFs, they're super volatile guys. They're really risky, especially for the beginner investor out there, which is why, you know, if you're a beginner out there, guys, trading leveraged ETFs is kind of difficult because they're meant more for the experienced trader. But, you know, if you do want to hop into them, guys, if you are more of a risk taker, you want to learn hands-on with volatile, you know, you know, assets like the ones we trade on this channel, go for it, guys. I'm not holding you back, but you might lose some money since you are a beginner if you do plan on trading these leveraged ETFs that do move extremely, extremely quickly. So that is what I'm mostly looking at, guys. I know I'm not looking at a bunch of stocks. I like to keep it to a small portion, which is what I always do. You know, I always just trade a couple of inverse ETFs and a couple of large cap stocks and other market ETFs, you know, repetitively. That's what I do. I'm sure you all know that by now. If you've been watching me for a while, you know, it's nothing new to those loyal viewers out there, which I love you guys, by the way. Thanks a lot for viewing and, you know, watching these videos on a day-to-day. I truly, truly appreciate it. But, you know, that's just simply what it is, guys. And, you know, if we do pull back in the overall markets in these coming days, you know, all of these ETFs right here are going to be, you know, great plays, right? If we pull back, you know, TVIX is going to be a great play. You know, SQQQ is going to be a great play. But if we continue to uptrend, which I don't think it's going to last much longer, guys, to be completely honest with you guys, I've been saying this over these past couple of videos and in this video especially. But if we do continue to push up, you know, TQQQ and QQQ are going to be two inverse ETFs that you're going to be able to trade on, you know, when the market is pushing up. So, let's take a look at what Apple did today, guys. Apple actually broke the 50 SMA resistance here on the 180 chart. We see Facebook actually did decent today, guys. It was up about $1.70. Amazon did about $2 today. Really no movement in terms of Amazon. If anything, guys, I'm starting to see some consolidation and a curl down to the downside for Amazon. We're getting a little bit overbought here. We're at the top of a downwards trending channel right here for Amazon. So, honestly, I wouldn't be too surprised if we started to sell off pretty quickly in terms of Amazon. Netflix, very similar, guys, overbought. We're at the top of the channel here. We're starting to slow down, curl back down. You know, these are all indications that selling off could be coming, right? We can see it in Google here as well, you know, at the top of the channel, having some trouble getting above it. You know, we're getting a bit overbought on the RSI and it's really just curling down, looking pretty bearish right now in terms of Google's chart and Microsoft guys right at their resistance under the 180 SMA. We're getting a bit overbought as well. So, these are all, you know, factors that I look at to really just gauge the entire market, right? I like looking at the large cap stocks. Obviously, these ones right here are some of the biggest companies in the world and this really just helps me gauge what the market is doing and obviously looking at the futures, right? Large cap stocks, pre-market hours and doing my daily analysis on the large cap stocks and indices. So, I hope you guys enjoyed this video. If you did, feel free to drop a like, leave a comment, subscribe. Follow me on Instagram as well as on Twitter and join our Discord group chat as well as our Facebook group. All of those are linked down below in the description box. I'll catch you guys in the next video. Thanks for all the support. Again, I really, really appreciate it for all you guys out there. There are new viewers tuning in that watch my content every single day. I really, really appreciate it from the bottom of my heart. I'll catch you guys in the next video. Have a great night. Peace out.