 What's up 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 did today in the markets as well as some stocks and ETFs So I'm personally watching and looking to trade here in the month of September in 2019 you guys ticker symbol UGAZ being the top one that I'm personally watching right now If you guys want to actually fast-forward to that part of the video since I did have that in the title of today's video Go down below to the description box. I'll have a timestamp there. So I don't waste any of your time We're also going to briefly talk about what happened today regarding the trade war because that is what? Pumped up the markets today and where I personally see the markets going here in the next couple of days Due to this positive news So if you find value in this video if you enjoy the content that I'm putting out here on YouTube Feel free to go down below and hit the like button That is how you can repay me and also subscribe to the channel if you want to see further content involving the stock market Trading investing and personal finance. So without further ado guys Let's just get right into it the S&P 500 today the 500 largest publicly traded US companies Ended up closing the day up thirty eight dollars here up one point three percent Give me a second here guys. My phone is buzzing 1.3 percent in the green for the S&P the NQ today the Nasdaq up a hundred and thirty points up 1.65 percent really due to the strong rally that tech had today Apple up four dollars Amazon up forty dollars Facebook up three dollars and seventy five cents Google up thirty dollars Microsoft up two dollars and forty two cents per share Very very strong day out of the biggest companies out there in the world or some of the biggest companies That is so going here to the Dow Jones industrial average up 372 points at the close up one point four one percent so overall today guys The markets were absolutely amazing right very very strong green day-to-day in the markets And this was actually the highest the S&P 500 has been at in over a month That's pretty pretty interesting to see that the S&P's finally getting back up there close to the all-time highs yet Again after being down pretty low in terms of you know support levels and resistances here over the past couple of months in This past week two weeks three weeks four weeks ever since we've dumped towards the end of July heading into the month of August so what moved the markets today guys well We got some news that China and United and the United States They're going to start Negotiations again in person in the beginning of October whether it's the first week the second week We'll find out more towards when that actually does happen, and I believe that is occurring in Washington so this is a very good sign that they actually want to start talking again Negotiating in person to maybe finally come to a conclusion and resolve the trade war right we got on the 1st of September We got tariffs from China and the United States They were slapped on each other and over the next couple of weeks next couple of months There's going to be more tariffs coming into effect right we all know Automotive tariffs we have tariffs on oil right we have tariffs on a bunch of other goods like electronics, right? And these are all going into effect here, and some of them already are in effect So now that we finally got a breath of fresh air some good news Revolving the trade war because a lot of it recently most of it recently has been very negative Now that we got this good news the market took it and the market ran with it a lot of euphoria today Revolving this involving this and honestly guys it's kind of funny because this has happened a lot in the past Right we've noticed how there's a lot of negativity and then all of a sudden there's a positive thing regarding the trade war whether they're Removing tariffs whether they're coming to negotiations again, then all of a sudden the market pops up But the thing is now there's still a lot of negative things guys just because they're going into negotiations It doesn't mean that they're 100% Going to come to a trade deal a lot of things can happen here Let's say they go to negotiate again. They don't come to a conclusion They butt heads more tariffs can get slapped on which in turn will make everything worse Right, which in turn will probably drop the stock market and again I like I said a minute ago more tariffs are coming into effect here So overall I still think it's more negative that you know the trade war right now It's more, you know causing negative damage to the market this instead of Positivity just because again all the tariffs all the potential more tariffs that can come in here And really the only positive piece of news now is that they're coming to negotiations So let me know down below in the comments what you guys think about that, you know, are they gonna come to a conclusion? I honestly doubt it, but short term here I think this is making the market bullish and hey We may be running back up to a 3000 S&P here You know in the short term on this euphoria news from the trade war and yeah That's pretty much what's been going on in the past You know 24 hours and what really popped up the markets today and one thing that happened here on a technical basis The S&P actually broke above 2950, which is a very strong resistance from the past We notice how back in the beginning of May we were at that level back towards the end of June We were at that level and when we broke that level to push to all-time highs that was a level of support right 2950 Then we broke it right over the past month month and a half We broke below it making it a resistance and now with the gap up above 2950 we're at 2975 I would love to see you know if the S&P holds 2950 now as a new support Let's say we pull back and retest it I would love to see what it does here right because if we end up holding that level And then we pop up to let's say a 3000 S&P This could be a very bullish move that could be pushing us to all-time highs here again at least in the short term just off of this Negotiation the the the the beginning of more negotiations between China and the US So you guys can see literally one piece of news Literally one piece of news can change the outlook of the stock market for that week for the next couple of days Even for the next month two months whatever it may be right and in this case this is again in my opinion is more of a short-term Alleviation in the stock market, but hey, I might be wrong. Who knows we might be flying up for the next month I really don't know especially with a potential rate cut We might be seeing here, you know in the next couple of weeks a lot of things can happen But now again 2950 is what I'm watching here if we zoom in a bit to the 20 day You can see we're pretty overbought right now on the RSI So if we did pull back to 2950 and we held that that would bring the RSI to a very Healthy spot at least on the hourly chart and from there we can decide, you know Are we going to maybe hold pop up continue this uptrend that we've been on over the past week and a half two weeks Or are we going to break maybe break the 50 S&P support here and start going back to 2800s That could be the start of a downtrend, right? So at this point That's kind of what I'm looking at here on the major markets Overall, I'm seeing some bullish push at least in the S&P in the Nasdaq and the Dow some other indexes If you're following the Russell, I'm not too sure what those are doing But the main ones that I follow they're all looking pretty bullish at this point and again I'd love to know what you guys have to think down below. So last trading update video stock market update video I made the Nasdaq was trading below this 180 S&P resistance Which is this yellow line here on the four-hour chart and we talked about how if it were to break above that level That would be extremely extremely bullish and what did we get guys? We got exactly that We broke above the 180 S&P. We broke out of this little horizontal channel that we've been stuck in over the past month between 7760 and about let's say 7430 we broke out of 7750 60 ish that resistance level and now we're trending at or trading rather at about 7800 so guys take a look at this now now that we broke out of the 7760 level We're actually at a resistance at about 7880 7850 right around here. So I think now You know the Nasdaq is going to be trading right here right take a look at this trend line that I just drew We're trading between 7750 and 7880 so we pull back if we pull back we may be testing this as a new support and from there We could potentially hold it pop and continue the uptrend Let's say we pop out of this level here and get into the 7900s We may be pulling down a retest that to hold it as a new support and from there We may be gunning for these all-time highs So that is a couple of those are just a couple of different scenarios that could end up playing out here But let's say we pull back and then we start to break back into the 7700s low 7700s Maybe 7600 we may be going back down to 7500 7400 So these are just a couple you know technical spots that I'm watching but again right now very very bullish here What happened today guys just put in the markets. This is putting the markets in just a very bullish state So now that we talked about that let's go to the Dow very very quickly And let me just get my resistance tool out my support resistance tools I could show you guys this the nas or the Dow today rather again We've talked about how it had almost a 400 point day and we actually broke above a resistance at about 26,670 dollars This was a resistance from back in the month of April also back in the month of June We actually held this level as a support and we actually popped all-time highs But since we broke that level in the beginning of August right we broke that level of support It became a resistance again until today because we gapped above it And now it seems like we're pulling back and looking to hold it as a support So for this Dow Jones index to continue this uptrend that we've been in in the past two weeks right now One two weeks whatever it may be We need to see a hold at this level that it is right now the level that it's at right now at roughly 26,700 dollars. This would be very key if we held this as a support and Maybe start at the pop-up. Maybe to test 26,800 26,900 if we start to break up and do something like this Let me show you on the 20-day chart Let's say we start to do something like this guys take a look You know if we start to maybe pull back down and then pop and do something like that We may be pushing to all-time highs here in no time because right now We're only 500 points five 600 points away from all-time highs That's literally like two very strong green days in the markets The Dow Jones just like that snap of a finger is going to be at all-time highs again So just keep an eye on this level. We may do a mini pullback and then a pop there That is very very possible, but let's say we break this level of support We may be going back down and let's say 26,200 which is the next prominent level of support that I'm seeing here on the Dow Jones industrial average So that's pretty much it guys for the market update portion of today's video crazy day I'd love to know what you guys think down below in the comment section about the trade negotiations What are your opinions on this? Is this a short term? Fixing the markets how long is this going the last is the market going to dump in the next week once this euphoria starts to Phase off. I'd love to know what you guys have to think So now let's hop into the trading portion of the video and we'll talk about you guys because that's actually what I ended Up day trading today on a very very textbook pullback play that I want to share with you guys right now So we'll go to the 20 day one hour And we'll take a look at what you guys is telling us here So what you guys is telling us here is that it's been uptrending since the $11 mark here We've broken above moving average resistances being this 50 SMA Which is the green line and the 180 SMA, which is the yellow line We've been holding those levels those moving averages as support levels Right, and we've been making higher highs and higher lows and this and this past in this past week About five six seven days in particular look what we what we've been holding We've been holding this green line pulling back and it seems like every time we've popped to a high We've pulled back and we've held that spot as a new Support right we've held it as a support rather not really a new support But we've held it as a support. So today we got that dump in Natural gas and we got that dump in you guys, right? We got the dump in you guys from 19 or 1830 down to about 1690 maybe low at like 1675 or something like that and I actually talked about this in a comment yesterday on my YouTube channel And I talked about how in specific Natural gas could potentially pull down retest 240 as a new support and then maybe pop up And that's exactly what it ended up doing guys. No joke I didn't make a trading update video yesterday because I made a fin-vis scanner update video But I talked to somebody in the comments and I would have mentioned this in the video yesterday If I did record it, but what I was thinking yesterday is natural gas, right? We're trending between 240 and 250 what I was thinking yesterday because we were in the middle of this channel I was thinking we may pull down We may retest 240 as a support and from there We might pop up and that's literally exactly what ended up playing out today in the market And if I zoom in a bit closer, you'll see exactly what I'm talking about right We can see literally the pull down the hold at 240 Which just happened to be above the 50s who may as well on this hourly chart and then what happened from there guys We popped we popped and that gave the margin of profit that I wanted to see on you guys Right and you can see on the intraday chart. We hit a high at 246 we pulled down We hit 240 exactly like I said like I was thinking yesterday, and I think I posted it on my Instagram as well In a story form and we held it and we started to pop up aggressively Starting at about 11 o'clock and then once I saw this strong move. I put some money in you guys I started building my position and just watching it with kind of a mental stop loss And I made some pretty good money today on you guys guys And if we go back to the one-day one-minute chart on you guys we can see how it played out here We hit 1850 yesterday or rather. This was actually this morning We pulled all the way down to about 1680 and then we started to pop We broke above the 50s in a and this is when I started to take a position, right? I think it was like 1725 or something like that And then once we started to break above the 180s in a we started to test this old resistance here Or the resistance at about 1785. This is when I ended up scaling out of the position. So 1720 1722 roughly I believe my cost was pretty good day today guys. It was upwards of three percent three point four percent On you guys today on a very quick little momentum play here So overall guys it played out perfectly. It doesn't always happen this way, right? But today just just went beautifully, right? We executed the plan I wanted to get in when natural gas was retesting 240 to make sure that it was going to hold that and not break below it Because if it were to break below 240 get back down to the 230s, that would be a bit more risky But the fact that it held it it started to pop up that gave me the confirmation I needed and from there you guys was pulling down of the 50s ma it popped on the 50s ma And that's where I ended up executing my plan and making my money, right? That's what I ended up doing today. So I'd love to know what you guys have to think about You guys what did you guys do in terms of trading today? Let me know down below in the comment section So now that we're on the topic of you guys, let's just get right into it and break it down So natural gas if we'd go back to it now that we executed on the 240 trade up to about 245 244 whatever now we're seeing natural gas is kind of in the middle of this channel again between 240 and 250 so tomorrow one of two things can end up happening right and heading into the pre-market session as well One of two things can end up happening. We could end up You know if we go to the 30-day chart very quickly we could end up Let's say filling the gap all the way up to 250 tomorrow, right? That would give us some about 2% upside here in natural gas and about a 6% upside in you guys because it's a 3x Leveraged ETN it goes up whenever natural gas is going up, right? That could be scenario one We fill the gap we make six seven percent on you guys if we time it out correctly If this ends up happening which it might not right because not always things go according to plan That's just unrealistic, right? But let's say that happens that is one scenario what else could happen is we may pull down and retest 240 again Right, we may pull down and do something like this Retest 240 and at that point the 50 SMA is going to be meeting meeting us up here, right? And we may be bouncing again on that level that might be another dip by to repeat what ended up happening today, right? We pulled down hit 240 pop we could end up doing that again hit 240 pop and then you guys is going to have even more Margin of profit if it does end up pulling down so something that can happen again guys. We may pull down Test 16 70 $17, you know and then go up from there Overall the resistance that I'm seeing right now is at about $18.50 if we zoom in a bit on the 90-day chart, you can see it even better, right? 1820 roughly not 1850 probably around 1830, but if we break 1830 You guys has a straight shot to $20 per share and let me explain guys natural gas all we need to see is a pop above 250 if we get to 250 if we start to break up to the mid 250s Which would be the next resistance honestly if we're just dragging this out a bit that's going to give you guys a straight shot To $20 it's simple math, right if we move another let's say 4% here in natural gas What's that going to be in a move for you guys right 4% times 3? This is roughly right This is roughly what would what it would be that would be putting you guys right at $20 per share right again. It doesn't move exactly three times, right? It's just roughly 3x and again if we did that 4% move look at look at what's bringing up What percentage values coming up here on you guys? It's roughly 12% so 4 times 3 12% that is how you get the $20 price target on you guys So that's kind of what I'm watching up for you guys right now guys We just need to see that critical resistance break a hold on that level as a new support and then a gun for the 20s I think that's very very possible So that's the main one that I'm watching heading into tomorrow a couple other ones that I'm watching our BAC Bank of America This is one that I swing traded last week I believe for a day or two ended up cutting my losses on that if I did end up holding guys I'd be up like three four percent. It sucks. I'm kicking myself about it, but it's okay Right. I was being very cautious hindsight is 20 20 always remember that and I cut my losses Like I lost like a point three percent or whatever that is But if I ended up holding again, I'd be up like four percent But that doesn't matter all you can do is look for re-entry and that's personally what I'm doing right now So what I'm thinking now on this two-hour chart 90-day two-hour chart We're breaking out of the 180 SMA this yellow line. I like that a lot now. We might be pulling down Starting to pull down as you guys can see here after market hours to retest maybe this 50 SMA as a support or maybe $27.65 to 70 cents if we pull back down here tomorrow Retest this this could be an entry point before potentially running back up to the mid 28s Maybe even to the low 29 so that is something that I'm watching for here Especially since we're seeing a bullish cross of the 50 SMA crossing above the 180 SMA here on BAC So I'm watching that very closely. I'm liking it I just want to see a bit of a pullback first because it is a bit overbought here Apple is another one here guys is doing pretty well. I called this one out actually a Couple of days ago if you guys remember we called it out right here. I don't know if you guys took advantage of it I didn't because it gapped up the next day kind of missed my opportunity there But we ended up holding the trend line very nicely. We popped up. We broke their resistance at 210 Excuse me now We might be seeing a potential pullback and a retest at 210 as a support If we pull down 210 Hold that spot. We could be shooting up to 214 Which would give us around a 2% margin of profit and I feel like Apple guys is a very trade sensitive stock So when the trade negotiations are occurring when when there's optimism regarding the trade war I feel like Apple does well, which is why I did 2% today, which is pretty good for one day In Apple since it's a very massive stock Obviously, we've seen it go 5% in a day 6% multiple times But up it feels like lately it hasn't been doing quite well in the matter of one day So 2% in a day is pretty pretty good for Apple here And maybe we do end up going back up to 215 here, you know after a pullback that would be pretty ideal So Apple and Jnug is another one guys. So Jnug and gold in general They've taken a hit here as the markets have been doing well and makes sense right when the markets go up Typically gold's going down right not always but typically gold's going down and we noticed how when the markets were going down aggressively Gold was going up because people view gold as a hedge against a poor economy a risky economy and They also see it as a as a hedge just against assets in general like the stock market and real estate So people were flooding into gold as the markets were going down, but now again the opposite is happening We saw gold take a pretty big hit from 1560 all the way down to about 1527 if we go to the one-hour chart or the four-hour chart rather It seems like we're actually holding this 180 SMA as a support right now Which could be a perfect dip by if you're trading the gold futures, right? And if you want to maybe hop into Jnug Jnug doesn't directly trade on gold It actually trades on GDX based on GDX it goes up whenever GDX goes up But you can see that GDX has taken this hit just like gold, right? Just like gold take a look at their charts They're pretty similar. So if GDX recovers here if gold recovers Jnug is going to do very very well and it has a lot of potential in store guys Literally the resistance right now on Jnug is at about a hundred dollars and it's at eighty one dollars per share So keep an eye on these that's what I'm personally doing and if the markets get ugly The markets end up dumping who knows right we could end up playing Jnug And that's why it's important in my opinion to always have Different scenarios different options to trade based on the market going up and based on the market going down So you can make money in all different scenarios just looking at Jnug here again like I said $80 low right now Resistance at about $104 that offers a 21 percent margin of profit Again, it's just worth watching if gold goes up this could do very well guys You know this could be a very very good trade if you're into swing trading leverage DTFs I rarely do that But if you do that this has a lot of upside here But again, don't just do that because I'm talking about it do your own research do your own do diligence So that's pretty much it guys I don't want to make this video too too long But the whole idea here is to just keep an eye on the markets keep an eye on this trade war stuff Keep an eye on these tariffs potentially coming in new tariffs even retaliations keep an eye on the interest rate cuts These are what you know, this is what really is pushing the markets nowadays. I feel like it's not really earnings anymore right now It's strictly interest rate cuts. It's strictly optimism regarding trade war or Negativity regarding the trade war or negativity regarding interest rate cuts You know that is what's moving the markets nowadays and just keep an eye on that keep your eye on the ball And you'll do well guys. Trust me. So that's it right? That's it for the video if you enjoyed it Feel free to go down below hit that like button consider subscribing if you want to see further content for me Join our Strive smart discord group chat as well as the Strive smart Facebook group Those are a link down below in the description box and that's it guys I'll catch you all in the next video. Hope you all did great today. Appreciate you guys watching. Peace out