 What's going on everybody? It's stocks here. Welcome back to another video. So in today's video I wanted to share with you guys and break down some stocks and ETFs that I'm personally watching and looking to trade here heading into the first week of September in 2019 I also wanted to break down the overall markets today in Specific the futures the S&P futures the Dow futures and the Nasdaq futures because you guys can clearly see They're actually deep in the red right now the S&P's in the red the Nasdaq's in the red and the Dow Jones is in the red Right now, so I want to break those down and kind of get an understanding because the markets are closed tomorrow So the futures are what I'm watching today and tomorrow to get an understanding of what's going to happen Potentially on Tuesday, so this is a very good way in my opinion to prepare for the next week by looking at the stock market futures We're also going to take a look at the China tariffs because of those went into effect and the US tariffs Which in my opinion is why these markets are gapping down here So without further ado guys, let's just get right into it We'll break down the futures then we'll get into what I'm personally watching as well as take a look at this article On my safari tab to get an understanding about these Chinese and these US tariffs guys So right now the e-mini S&P 500 index futures. They're currently down $18 and 25 cents down point six two percent if you guys don't know the futures market It actually opens up at 6 p.m. Eastern Standard Time on Sunday and when the markets are closed when there's a holiday like tomorrow on Monday It's Labor Day the futures markets. They're still open So that's why I said a couple of seconds ago that you can actually do analysis Even when the markets are closed, which is very very beneficial for Breaking down and kind of trying to predict what will happen in the next day But anyway, that's what the S&P is looking like right now and it's continuously dropping down $19 now the NASDAQ is down about 72 points. Why is this freezing? Oh, here we go the NASDAQ Let me show you guys is down 71 points down early 1% 0.92% to be exact and the Dow Jones industrial average futures right now They're down about point five six percent down a hundred and fifty points So if you notice on all of these futures guys, I know if we go back to the S&P I'll show you guys here notice how they're all getting rejected by a major moving average on the four-hour chart Notice how on the ES right here the E-mini S&P. We're actually getting rejected under that 180 S&P We saw the big gap down which happens to be a resistance that we struggled to break out of Throughout the course of August as you guys can clearly see here. So this is a very Bad sign for the bulls out there that we are having trouble to break out of this 180 S&P Right, it's clear that it's acting as a resistance again if we go to the NASDAQ Right, you guys can see the very similar thing to the S&P a very similar thing the 180 S&A this yellow up moving average here It's been a resistance in the past and now with the big gap down, right? We confirmed the rejection under that 180 S&A which in my opinion now is leading to further downside potentially downwards to seventy four hundred and fifty dollars for the NASDAQ Which is actually a support from the past couple of times that we've held it as you guys can clearly see at seventy four fifty we held that in the beginning of August in the middle of August Towards the end of August and the third and fourth weeks of August and then we saw that run and now we're starting to You know push back down into the middle of this channel. So that's a level I'll be watching for the NASDAQ at around seventy four fifty going over here to the Dow Jones you guys can see Very similar right the 180 S&A although we gapped above it a little bit here with this gap down now the break below it We're trending under it yet again And you guys can see from the course of August over the past couple of weeks This level has been a very strong level of resistance in the beginning of August We got hit at that level in the middle and towards the end of August as well with the clear support at around 25,000 450 to about $500 so at this point guys the fact that we're trading right now at about 26k on the NASDAQ right we're right about actually let's just zoom in a bit so we can get a better figure on that right now We're trading at about okay, 26. I don't know why didn't didn't just look up here, but it says 26,200 right that's where we're trading right now on these Dow Jones futures So just keep an eye on this 50 S&A here guys It seems like it is holding above that right now So I say if we break below that heading into Tuesday session, maybe even tomorrow, right? We may be testing that low that support at around 25,500 dollars so overall right now guys That's what the markets are looking like and those are some target levels some support levels for the Dow and the NASDAQ I don't know if I talked about one on the S&P Let me just go back and show you guys that one very quickly on the S&P here I'd be watching 2840 to 2850 right that's a very clear level of support We triple bottom there You know It's very evident that we held that throughout the month of August just like on the S&P or rather the Dow and the NASDAQ but again, we're getting hit by that 180 S&A so I just keep an eye on where we're pushing You know in this channel. Are we going to retest the resistance tomorrow? Are we going to push more towards the support? This is what I'm personally watching You know on these major markets and on these futures guys So actually before we do get into what stocks and ETFs I'm watching Let's talk about what is gapping down the markets very quickly For those of you guys that are interested and let me pull up this article You guys can see US Chinese tariffs officially take effect as trade war escalates And we knew that these tariffs at least the first round of these tariffs They were going to take effect in the beginning of September and I'm sorry about all these nonsense ads here guys I probably have to sign up to this platform to not have these ads, but just because it's just simply I'm looking at an article I don't really have to sign up. But anyway, the US and China began imposing tariffs on each other's goods on Sunday escalating the trade war between the two countries even as Beijing sounded a Defiant tone the United States should learn how to behave like a responsible global power and stop acting as a school bully the official State run seeing how news agency said as the as the world's only superpower and needs to shoulder its due Responsibility and joint other countries and making this world a better and more prosperous place only then can America become great again So I guess that's from Beijing those words there the Trump administration imposed 15 percent tariffs on more than 125 billion in Chinese goods including shoes clothing and many household appliances like coffee makers toasters and Microwaves China also started placing tariffs on $75 billion worth of US imports includes including five percent duties on US crude oil the extra tariffs of five percent and ten percent were levied on 1,717 items of a total of 5,078 products originating from the US Beijing will start collecting additional tariffs on the rest of these from December 15th, so the US is expected to launch a second round of tariffs of 15 percent on about $160 billion of Chinese goods on December 15th that will target toys Cell phones and laptop Computers guys, so like I predicted right I've been mentioning this in a bunch of videos in the past here guys And if you've been paying attention to the videos you've probably heard me say this You know I was expecting that one the tariffs would go into effect that the markets would negatively react to this it's kind of A no-brainer almost because it feels like every time in the past year that new tariffs came That we got the news of the tariffs the markets dropped and when the news Rather when the tariffs actually went into effect this dropped the market yet again So that is why I'm Bearish rather on the markets over these next two to three months because we have all of these tariffs coming in right now All of these new tariffs that are supposed to hit in the next couple of months and who knows guys in my opinion I don't see a trade deal coming anytime soon right now between China and the US and if things escalate and even more Tariffs are thrown into this mix right now. That's going to hurt the market even more So if you're telling me Stas in the next two three months, where do you see the market going? I'm being honest, and I'm saying I personally believe not saying that this is right But I personally believe the market has more downside here than upside just due to the whole Trade war and due to the escalation that I think is going to occur here in this trade war over the next couple of Months so honestly, that's my opinion I would love to know what your opinion is down below in the comment section on all of these tariffs that are coming into effect And the future of the trade war, please let me know what your thoughts are guys I love talking to you down below in the comment section So now that we got that out of the out of the way now that we understand What's dropping these market futures now that we analyze the market futures? Let's just go into what I'm personally watching for this next week and to be honest guys The swing trade that I'm currently in right now, which is BAC and one of the top stocks I'm watching this might bite me in the butt if these futures continue to go down, but that's okay because you know Sometimes, you know the trades that you're in maybe they don't get affected by What's going on and you know the global economy like what's going on right now with these trade tariffs? But probably BAC will get affected by this as the markets dragged down This will probably drag down financials as well. So this might bite me in the butt, but let's say it doesn't end up getting affected Let's say it does end up maintaining the current trajectory that it's on right now I plan on adding more money into BAC and it's one of those top stocks One of the top stocks that I am watching for this Upcoming week in the stock market and if you guys have been following my channel for the past couple of videos I've been talking about BAC a lot. We've held 26 50 Which is a very good sign of upwards push here, right? And what and it's been a support over the past couple of months you guys can clearly see we held that level back in March we held that level back in May and we double bottomed and we broke out of the 50s in May Which in my opinion was a very bullish breakout here in the past couple of weeks So there's a lot of good signs here in BAC and to be honest the risk reward right now There's a lot more reward than there is risk in my opinion with BAC here We can see upside to the top resistance level of about 31 $31 that offers about a 10 to 11% margin of profit and To the downside here, you know to $26. It's around a three four percent Potential for loss, but if you're mitigating your risk if you have stop losses in place You can cut that to 2% 1% whatever you guys feel comfortable with right so at this point I'm in at about 2720 roughly that area and with swing trading guys because this is actually a swing play that I'm holding I like adding money into my positions You know as the trend continues to verify itself as the trend continues to go up because my philosophy is I don't want to fight against the the trend overall trend in whatever stock or ETF I'm trading I like putting money in as the trend confirms itself for me There's no point in adding money into a stock, you know as it's downtrending and hoping that it's going to break out That's kind of stupid right. I like following the trend. I like following The technicals and that's just how I trade and specifically swing trade, right? So this is the main one That I am watching this week again I might take I might lose my butt on it I might take a loss because the markets might affect BAC Who knows guys, but the fact that I have a 30 cent buffer already built in because I'm up around 30 cents roughly on My position, you know, this might gap down a bit 50 cents a dollar worst-case scenario and pre-market on Tuesday And then I'll just cut my losses there take a very brief Lost maybe even a break even if I do get out at the right time and then potentially look for a re-entry From there. So that's kind of the goal with BAC here Tesla is another one that I'm watching if you guys were paying attention to Tesla They got some kind of a tariff break like a tax cut in terms of Their new mod. I think it was like model 3 model X Model 3 model X and a couple of other cars as well Which actually boosted the stock up pre-market I believe on Friday and I know a lot of you guys know what I'm talking about in reference to that tax cut and you can See Tesla went from 222 up to 233 we pulled back We held that 180 SMA here on the five-day five minute And we actually closed the day on an upswing heading into the aftermarket hours on Friday And this is actually a higher low from the previous honestly just confirming our uptrend You know on this five-day five-minute chart. So at this point guys, you know ever since Tesla ran up Due to that tax cut that the tax credit that we saw that actually opened up a 3% margin from 233 down to where it dipped to about 226 and the fact that again We're holding that moving average that offers around a three four percent dip by opportunity if the stock is holding these levels You know heading into the pre-market session on Tuesday. Let's say we gap down heavily back down into you know 219 I won't be watching the stock, right? But let's say we're holding 225 holding 226 holding these moving averages This could definitely be a short-term swing play You know judging off these time or this these smaller time frames But definitely a swing play if we break above this 180 SMA You know putting us at 235, you know, this could be an even longer term swing trade You know if we go from 225 to 235 and then break that 180 SMA on this four-hour chart and go to the 240s 250s this can again be a longer term swing trade Which is what I'm really watching for right now in terms of Tesla because we all know the stock's been battered down Quarter after quarter month after month pretty much over the past year Tesla stock has been getting crushed and I think it's going to return here in the next couple of months I'm just waiting for that technical break and just being patient with it guys Honestly because a lot of the time you have to be patient when trading you can't just hop in when you want to hop in You have to hop in when the stock is giving you the opportunity, right? It's like the stock's yelling it to you now is the opportunity when the technicals are right when the news There's nothing negative right that's the time to get in not when you want to get in But when the stock is telling you to get in if that makes any sense, right? That's kind of how I view it sometimes But anyway BAC Tesla those are two that I'm definitely watching here Chipotle Mexican grill I've talked about this one a lot. I'm waiting for the pullback on this one Honestly, I'm waiting for the pullback down on that 50 SMA on the four-hour chart I think that could be a good dip buy for a potential Swing trade here because we can see over the past couple of months. It's very clear that CMG has been holding that 50 SMA making higher lows on it making higher highs above it It's been a very strong level of support So I think if we hit 820 if we pop back up to 848 50 Even if we push to a new high from the dip, you know, that could offer around a three four percent Margin of profit on Chipotle Mexican grills. So another one I'm watching this one's actually been breaking out recently Is you guys ticker symbol UGAZ good old you guys the good old natural gas Etn here and I'll show you guys on the 10 day 30 what I mean about it breaking out We hit a low of 12 dollars on the 23rd of august and since then guys were up nearly 20 percent In this particular etn and it trades based upon natural gas Slash ng and natural gas has been doing quite well And we've been talking about this level of two dollars and 30 cents on natural gas It's a very clear resistance, right ever since we hit lows of 212 We've been uptrending now we're hitting that 230 level Which you guys can clearly see if I zoom in a bit here 230 has been a resistance really since the month of june right month of june We failed to break out of it until we hit above it in the month of july then we dumped below it again End of july we failed to get above 830 or 230 rather We dump all the way to a low of about two dollars and two cents pop back up Actually, this is below the low of two dollars and two cents But in the beginning of august we popped up to 230 got rejected all the way to 202 And now it seems like we're struggling yet again towards the end of august beginning of september here to break above 230 So my personal opinion here My technical analysis is telling me that if we pop above 230 guys if we hold that as a new support There's a good chance we fill up to 240 because take a look last time we broke above 230 back in july We ran up to 240 and the snap of a finger literally in a day or two So this is what i'm actually watching heading into these cold seasons guys The next two levels of resistance are 230 which obviously we're at again Like I just said if we break above that 240 if we break 240 next level is going to be around 248 to 250 and once we get there if we get there then we'll talk about the next levels Which are going to be getting closer to the 260 to 70 level and then so on and so forth So right now, you know judging on this 20 day one hour chart It's very obvious that we see a bullish cross the 50 sma is crossing above the 180 sma We're riding that 50 sma So this is a very critical spot for me for natural gas to hold being this green line If we break this we may be going down to that yellow line, but that is not something I want to see I personally want to see a hold here and then a break out into the 230s to get into a position on you guys That's honestly what i'm waiting for Um, you know in tuesday's session and you guys we may pull down to the 50 sma We may pop into 15 again at this point We just have to see how natural gas is performing and how it's looking like you guys in particular pre-market hours on Tuesday and for those of you guys that don't know again the futures I mentioned this earlier the futures for natural gas They're also open tomorrow, right gold crude oil silver all of these different futures The whole market is opened even when the uh, it's open even when the stock market itself is closed So those are a couple that I am watching if the markets get ugly guys, you know the market ETFs i'm watching TV ix this is a Volatility etn it trades based upon the vix right when the vix is running up the volatility in the markets When the markets are going down in general the s and p the nazdaq the dao whatever it may be You know and there's a lot of volatility tv ix does very well, right? We saw one day a couple of months ago tv ix was up 40 40 in one day So this has the potential of running 10 20 30 40 maybe even 50 60 percent In days where there's insane volatility uncertainty and just blood in the water in terms of the markets So tv ix definitely watching this one, right? If the markets continue to drop here, you know heading into tuesday i'm watching sqqq which goes up whenever the nazdaq 100 It's going down it goes up at a 3x rate. So let's say the nazdaq is down two percent sqqq is going to be up 6% spx s is another one that i'm watching It's the same thing as sqqq, but it trades based upon the s and p 500 So let's say the s and p 500's down two percent one day spx s is going to be up 6% so those are a couple that i'm watching on the market etf side and one more before i end up Finishing off this video gold guys slash gc. Gold is gapping up right now Since the markets are selling off gold right now is up eight dollars and fifty cents. It's up 0.56 Percent so gold right now. It's on a dip. It's holding that 50 sma We have about a margin of let's say one two percent to the highs that we saw a couple of weeks ago I rather like a week ago at this point at 15 65 and there's an etf that i watch jnug Right i've been getting a bunch of questions about jnug jnug goes up whenever gdx goes up and gdx is a Gold miners etf and this is actually what jnug trades based upon so gdx is going up right gold's going up Jnug's going up as well at a 3x rate, but it doesn't track Gold guys slash gc in terms of jnug jnug tracks Gdx make sure you understand that because i've been getting questions about what Jnug tracks it's gdx right so gdx i'm watching this one as well as Jnug for the potential bullish move that gold does offer here if it offers it This this upcoming week so that's pretty much it for this video guys If you enjoyed it feel free to go down below and hit that like button Consider subscribing if you want to see further content for me and let me know down below in the comment section You know, what are your thoughts on the markets right now? What are your thoughts on the futures trade war tariffs are the markets going down in the next two months? I would love to know your thoughts because like i said You know, I think the markets have a lot more downside right now I think trump's trying to pump up the markets through twitter But I think these strategies these tactics of of putting false hope out there in the markets You know, I think they're going to die off and they're going to stop working here in the in the next couple of months If he keeps trying to say, you know, we're coming to a trade deal trade talks are going well with no proof behind it Right, I feel like you're just saying this to pump up the markets And then the markets eventually are going to stop believing it which is very dangerous because at that point The markets can end up dropping like crazy guys So I'd just love to think or see what you guys have to think about that Let me know down below again in the comments and that's pretty much it right So I appreciate you guys a lot for watching especially for those of you guys that stick to the end You guys are awesome. You guys are the best. So I'll catch you all in the next video I hope you all have a great labor day for those of you guys that celebrate that or do anything with your families on that day I hope you all enjoy it. So yeah, that's it guys. I'll catch you all tomorrow