 Good morning everybody is Stas here welcome back to another video So in this video, we're going to be talking about a couple of stocks and ETFs that I'm personally watching This morning on the 8th of April in 2019 we're also going to be going over quickly what the stock market futures are looking like we're going to see the SPY the ATF that trades based upon the SPX to see how that is reacting this morning So without further ado guys, let's just hop right into it So this morning, let me just click a quick refresh here We can see the S&P futures are currently down about three dollars and fifty cents down about point one two percent The Nasdaq's down about thirteen dollars right now down point one seven percent And the Dow Jones is down nearly eighty points right now down about point three Percent near with about thirty to forty five minutes left here You know towards the market open another interesting thing here guys I haven't really done research on this is Pinterest could be worth nearly twelve billion dollars You know shares between fifteen and seventeen dollars for its IPO. This is something I definitely need to do more research on What do you guys think about that? I honestly have no Idea and knowledge about that IPO, but I would love to do some more research on that So let's just talk about very quickly before we talk about gold here, which is on an absolute tear this morning Let's just take a look at the SPY very quickly Which for those of you all that don't know like I said, it's an ETF that tracks the S&P 500 so it literally has very close to the same chart here and we can see Based off of what I said in yesterday's video that the S&P pushed to another higher high this past Friday It seems like we broke out of the 2890 resistance And it seems like the S&P wants to maintain that level as of right now as a new support Well as of the close of Friday actually, but if we go over here to the SPY based on this movement We're seeing that okay the SPY is pulling back a bit That means the SPX is going to be pulling back a bit as well We can see on the futures is down nearly four points. So the S&P, you know, it seems very overbought It seems like it does want to pull back from this level and this is something I'm going to be watching Very closely this morning as well as the rest of this week guys because we've been talking about how each time The S&P has pushed to a high, you know over these past couple of weeks slash months We've seen a plateau Consolidation and then we've seen a retracement. So this this spot right here this level that we're at You know, this could be a spot where we might Consolidate a bit pull back see that one two three percent pull back before we either Continue the uptrend or we completely break pattern and then we just start selling off So this is something I'm going to be watching for today and this upcoming week. So let's talk about some stocks very quickly This morning and we can see in video is actually doing pretty well this morning. Well, not pretty well It's setting up pretty well this morning. So for those of you guys that watched my video from a couple of days ago I was actually talking about in video how we broke out of the 185 Resistance we broke out of that level and now it's looking like we want to maintain that level as a new support before we Potentially head back up to the next resistance, which is roughly at about 200 to $205 per share. So like I said, it's setting up pretty nice this morning, right? We're seeing a little pullback here pre-market hours if we excuse me if we get to see a retest maybe at about You know, 189 flat maybe back down to about 187 Which is a support level here or even back down to 185 which might be a long shot four points to the downside I don't know if we'll get that but if we get a retest at any one of these levels and we start to push back up We start to see some support consolidation and a reversal This could be a potential entry today in Nvidia for a longer term swing Position maybe a week or two weeks maybe back up to 195 the middle of this You know the middle of this horizontal channel or if you want to hold it all the way back up to 203 205 dollars you could potentially do that as well but in my personal opinion if I were to get into Nvidia here and we were to run up to let's say 195-196 I'd probably be taking some profits off of the board there because you know the stock would be so overextended at that point over the past just two three four weeks that you know It's gone from 144 and hypothetically if we went to 195 That's literally a 50-point move in the matter of a couple of weeks And that kind of scares me to be honest guys because you know a lot of these stocks that we're seeing here that have gone up Like crazy. We've seen some pullbacks some dramatic pullbacks like this one for 162 to 131 We got one here from 167 down to 143. So who knows we might be able to get one Or a bigger pullback if we do end up pushing higher here. Let's say from 194 down to 170 again You know, this is something that could happen Especially since the stock has been soaring here over the past couple of weeks So that's what I'm looking at in terms of Nvidia this morning We see gold going absolutely crazy and it seems like we're at a resistance right now on gold at about 1308 previous support here now a new Resistance but some technical spots that we broke out of gold this morning are the 50 SMA and the 180 SMA both being Resistance points and the fact that we got out of them today. That's a pretty good sign in my personal Opinion here, but ideally I would want to see a break out of 1310 like I mentioned in yesterday's video for a play in Jnug and Jnug is a bull ETF goes up whenever gold goes up and that is one that could be pretty solid This morning if we do break this level, we could be filling up to the next gap at about 1320 in gold so keep an eye on the on gold guys this morning It's going to be very interesting to see what it is going to do another one I want to watch is crude oil here and crude oil seems like we're getting a nice pullback Or it seems like it's getting a nice pullback here this morning and it seems like it wants to retest the 62 90 to $63 old resistance, which is now a new Support and what I'm watching for is if we hold this level here this morning, you know 62 80 Maybe 63 dollars flat if we do pull down that spot, you know, this could be a good entry in UWT which is a bull ETF that goes up whenever crude oil is going up So just keep an eye on this one this morning guys ticker symbol UWT It may be a bit overbought which is why I want to see a bit more of a pullback and crude oil Which would pull back UWT as well, but it's still worth watching in my personal opinion here So another one that we talked about was Tesla and Tesla is doing pretty solid this morning last time I checked the up It's at 277 38 as of right now and we hop to the 20 day one hour We can see a gapped up pre-market hours this morning all the way up to 280 nearly We've been down trending from there, but we're seeing like we're finding a support It seems like we're finding a support here on the 50 simple moving average on the other 20 day one hour And if we hop back over here to the 184 hour We can see we're finding that same support as well on the 50 simple moving average So what I'm liking about this Tesla pattern is that we're making higher highs And if we continue to bounce from this level that's going to be a confirmation of a higher low from the previous Which means we're reversing to the upside very nice uptrend pattern here reversal uptrend Patterner for those of you guys that watch my video on Friday I Actually took some profits on my Tesla swing trade from that previous day And I actually held some shares over the weekend and those shares are up a bit more here So I'm glad that I held them and I want to see are we going to end up Popping above this level the 50 simple moving average support Are we going to test 280 again and maybe at this point if we slowly start to get to 80 to 81 I might be taking some profits on those shares as well But only time will tell here this morning, but it's looking pretty solid as of pre-market hours right now So in terms of stocks and ETFs guys, that's mainly what I'm watching this morning You know Tesla and Vidya those two are looking pretty good to me the gold and crude oil in terms of ETFs here Let's just take a look at Apple very quickly to see what this one's doing We're actually getting a bit of a pullback on Apple as well here The markets are pulling back that could be why Apple's pulling back as well And we were talking to yesterday's video if we actually get a retest on 195 here that could be a potential entry on Apple as a swing trade back up to $200 I'm gonna be watching this one this morning as well So I'm gonna end off the video right here drop a comment down below Let me know what you guys are watching This morning if you enjoyed this video feel free to hit that like button It really supports me and supports the channel in general and it lets me know that you guys like seeing these morning videos So go down below hit that like button drop a comment subscribe to the channel if you're new I have two links down below in the description for you the discord group chat as well as the Facebook group Both of those are free. I'll catch you all in there. We'll chat it up. Have a good one. Good luck today guys Peace out