 What is going on everybody is Stas here welcome back to another video so in today's video just like always we're going to be doing an overall market update taking a look at the Dow Jones the S&P 500 and the Nasdaq and like you guys read in the title I took a swing trade position today in one stock we're going to be talking about that here in a couple of minutes as well as a couple of other stocks and ETFs that I'm actually watching and looking to trade here heading into the rest of this week in July and kind of kicking off this month of July on a strong note so before we do actually get into the topics of today's video all I ask from you guys out there is if you enjoy the content feel free to go down below and hit that like button it really supports me and supports the channel in general and I'm forever grateful for everybody out there watching these videos liking the content subscribing to the channel it really does mean the world to me so let's talk about what's going on right now in the stock market I'm recording this video as you guys can see at about 3 20 p.m eastern standard time and I'm actually trying out a new little video camera setup here so if you guys like this movable screen recording of my face I don't know if it makes a difference for you guys but if you like it let me know down below in the comment section and I'll do it more often so as of now with about 39 minutes left in the market here the S&P and honestly the entire markets that we look at the Nasdaq and the Dow they've been quite boring right now the S&P's up about $2 simply seems like we're consolidating on that old resistance as a new support and that level is at about 29.55 to 29.60 the Dow Jones is up literally eight points right now that's nothing for the Dow up about 0.03% nothing crazy at all the Nasdaq right now is up about 15 points up 0.2% so you guys can see you know the markets and if we take a look on the one day one minute you guys can see you know the markets have just simply been consolidating today and we retested the support again like I said at about 29.55 here for the SPX we held that we bounced and it seems like we're just strictly you know consolidating and you guys can see the range we're trading in right now for the S&P it's pretty much between 29.50 and about 29.65 and again it's just it hasn't been really exciting at all today right you go to the Dow you see a lot of the same consolidation we held yesterday's support at about 26.600 and the Nasdaq again guys on the one day one minute you know a lot of the same right we hit a low at about 77.70 high right now at about 78.00 and we're at that resistance right now from a couple of hours ago so it's going to be interesting to see how we do end up closing here but just a couple of technical spots on the overall markets here starting off with the S&P 500 again like I said you know we broke out of the previous all-time high resistance on the 30th of April we've been talking about that over the past couple of videos it's very obvious and very simple to see now that we broke out of that level we hit an all-time high and we're looking to hold those two levels of old resistance as new supports as we've been consolidating here over the past two trading days so for more upwards push in the S&P and a potential all-time high another all-time high we're going to need to see the successful hold above this level and obviously a pop back up uh really towards that $3,000 level and judging on a couple of other timeframes here you know it's a lot of the same that we've been talking about right over the past couple of videos the S&P it's still uptrending it's very very clear that gap up pushed us to another all-time high another high or high the uptrend uh continued there right and if we go to the smaller time frame charts five day five minute you guys can see the reversal that we've been on over the past three four trading days has been continued today as we pulled back hit a higher low from the previous bounced on that 180 S&P and now again for us to potentially hit another all-time high we're going to need to see this spring past the 2970 level to get back up to those high 2970 levels for a potential all-time high again right so going over here to the Dow on the five day five minute a lot of the same we broke out of the 50 S&P and the 180 S&P resistance levels holding that 180 S&P now as a pretty strong support yesterday we got a higher low at about 26 21 or 26 621 rather we pulled back today got a higher low from that level again at about 26 uh 660 and now it seems like we're pushing on a nice little upswing here on the Dow Jones everything is still intact for the uptrend here going over here to the 20 day one hour a lot of the same right and in this in this case the Dow needs to break out of 26 800 26 900 and into the 27000 level to hit an all-time high end to break out of this resistance and continue the uptrend that it's been on right so going over here to the 184 hour chart on the Dow just like I said it needs to get into the 27000 level at that point we could be hitting all-time highs for the next couple of weeks who knows how that play out all I know is that it is at a strong level of resistance right now going over here to the NASDAQ guys the NASDAQ just like the Dow is actually under the resistance still at about 78 79 which was an all-time high from back in April of 2019 we pulled back we popped up heavily in the month of June and now it's heading into the month of July as we have been holding the 50 SMA support very nicely we got the gap up over the weekend we opened up at a higher high and that really just constitutes the continuation of the uptrend on the 20 day you guys can see the bullish cross is still intact we're still holding that 20 or rather the 50 SMA here on the 20 day one hour chart and we're holding it to this minute and it's looking like the NASDAQ wants to continue fighting upwards going back to that five day five minute you guys can see we've been continuously uptrending we're breaking out of moving average resistances right now and we have about 40 points to get back to that resistance and to see if we're going to get back to that 7900 level or get to it I don't know if we actually have ever been to that 7900 level yep we've never been there let's see if we can finally get there and hit an all-time high for the NASDAQ so that is the overall market update for today's video let me know down below what do you guys think about the markets right now we consolidated today are we going to gap upwards tomorrow are we going to sell off how do you guys think things are going to play out I would love to know what you guys have to think as always now getting on to what I personally did today I didn't do any day trading today guys to be completely honest again the markets were flat I wasn't finding many opportunities out there but I did end up taking a swing position in a stock that I've actually been talking about here a lot over the past week to two weeks and that stock as you guys can see is INTC also known as Intel Corporation an Intel Corporation to get really brief about it to be really concise about it I like it simply because it's been riding up this 180SMA support here on the 20 day one hour chart we pulled back we retested it yesterday and into today we've been holding that level very nicely and although we didn't get the full-on pop here I took a position a little bit short here a little bit short in terms of timing because I'm scaling into this position right so if it does end up gapping down and breaking the 180SMA where I will cut my losses I'm not going to lose as much money so in this case I feel comfortable jumping the gun a little bit before it fully pops because again I'm in with a smaller percentage of money so as of now guys I'm in at about 40 I think I dipped into the 47s a little bit about $47.82 is where I got into INTC here we've been riding up and I'm up a really small amount now I'm not obviously planning on taking my profits I'm actually looking to swing trade this for two three days and that's it right I'm just holding this one overnight and I plan on adding more money if everything goes according to plan if we go back to this 20 day one hour chart I plan on adding more money as we break if we break past 4850 guys take a look at this level of resistance from a couple of days ago so if we actually reach that level what that's going to tell me is that the confirmation or rather the bounce on that 180SMA is fully confirmed and that's going to make me very comfortable in adding more money right we pop up tomorrow let's say it's trending up I might add more money and of course I'll keep you guys updated on that but the the the brief update really is that we're on a pullback right here from 4950 down to where we are that's about a three four percent pullback and upwards of $50 where there is a strong resistance where I plan on selling you know I could get roughly a four percent profit and I'm really really liking that here on Intel so that is what I'm doing right now I'm simply just trading Intel I'll let you guys know how that goes in tomorrow's update video and if you're in the group chat the discord chat which is linked down below 100% free I'll keep you guys updated in there as well so that's it for the trading portion I have a couple of stocks here that I do want to talk about very quickly we're seeing Apple and if you guys look down here the tech stocks have actually been doing extraordinary well recently Apple is back into the $200 level so let's take a look at Apple's technicals very quickly AAPL you guys can see we've been talking about this level of 200 being of resistance we broke out of that level making it a new support as you guys can clearly see since then we've been riding that 50 SMA support very nicely we see the bullish cross of the 50 SMA crossing above the 180 SMA and we actually got the pullback today if we go in the 10 day 30 minute we got the pullback today from 205 we retested that old resistance as a new support we retested it and we bounced from there we pulled back midday we're holding a higher low and it's looking like we want to swing on or close on a nice little swing up here on Apple so this is looking very bullish in my opinion since we retested that level and confirmed it so now the next resistance I'm seeing on Apple is going to be I think around $208 this is a brief resistance before we get up to let's say $210 so from where we are now up to $208 that offers about I would say a 3-4% margin and let's say we get up to $210 and I don't know why this keeps deleting on me I think $210 if we were to get there that would be actually closer to a 4% profit and then $208 that would be closer to a 2.5 to 3% but Apple nonetheless is looking very good right now obviously Intel I'm currently in it I'm obviously looking to add more into it this is one on the top of my watch list Tesla has actually been doing quite well since it's broken out of that 180 SMA resistance and if we're actually looking on the 20-day one-hour chart for Tesla we're actually at a bit of a dip right now but the thing is guys that's kind of worrying me is Tesla might be plateauing here at about 235 we hit the top we pulled back and although we hit and held that 180 SMA which was a very good sign for the continuation of the uptrend what I'm not liking is that we got hit again at that 230 level of resistance 234 and we weren't able to break out of it so that's kind of alarming in my opinion but the fact that we're still holding the 180 SMA kind of leaves me to believe there's still hope for Tesla to fill the gap back up to 235 and that's honestly what I'm looking for here so if it does fill the gap that could be about 4% but until it breaks out of 235 I'm not looking to go long on it quite yet but let's say it does that would be a huge bullish move from 235 you know upwards to the next resistance which at that point I don't even know what that level would be maybe 250 or maybe probably you know I'd say maybe 240 250 if we do break 235 those are levels that we could potentially be getting to so AMD is another one that I'm currently looking at and I've been looking at this one across the day today and I'm liking it because we're noticing the bullish reversal here on AMD we hit highs of 34 lower high at 31 at this point the trend was obviously pointing down right you guys can clearly see it we actually hit another lower high here under the 180 SMA at about $30.35 and since we actually broke out of those levels of moving average resistances we broke out of this resistance of the top of the trend line that I just drew out you know we've been reversing right instead of lower highs we've been making higher lows we hit a higher high yesterday at about 32 we pulled back today $30 and 90 cents $31 ish we're holding a higher low right now on top of the 50 SMA and this can be one of those plays that completely pops up and continues the uptrend we may be hitting another higher high and if that ends up playing out you know we can end up getting a 4 or 5 upwards to a 6% profit if we play it out well so AMD I'm really liking that one in terms of inverse ETFs honestly guys I haven't been watching those too closely today but I do know that gold went parabolic today we saw the dip back into $1300 level for gold we it was very brief honestly we went from 1413 down to about 1385 for a couple of days here and now we're finally popping back up we're breaking out of the 50 SMA and the 180 SMA levels of resistance but one thing to keep an eye on now look at this trend line I just drew you know we're slowly approaching we're honestly already at this level of resistance based on the trend line we're a bit overbought so this could be a time where maybe gold starts to sell off a bit maybe but if it breaks out that's going to be very bullish and Jnug you know it's going to continue to benefit as it's extremely benefited so much today guys take a look at this 15% move today this is absolutely crazy Jnug is killing it but same like gold guys we're still under that little you know trend line resistance here so until we break out of that we're going to be pretty careful I'm going to be pretty careful in terms of these so I'm going to wrap up the video here today guys if you enjoyed it feel free to go down below hit that like button let me stretch this out I'm not used to this yeah it's pretty cool but again if you enjoyed it guys hit that like button hit that subscribe button hit that notification bell so you're notified every single time that I do make a video I really appreciate every single one of you guys watching hitting that like button subscribing to the channel it means the world to me so I'll catch you all in the next video let me know how you guys did I hope you all have a great 4th of July the rest of this week peace out