 What is going on everybody? It's Stas 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. We're going to be talking about one trade that I made today on the 5th of February in 2019, as well as taking a look at some other stocks ETFs that did well today and that I see potential for for the rest of this week and heading off into the middle of February. So for all you guys out there that do enjoy the channel, that find value in the videos, feel free to smash that like button down below. It really does help the channel grow and I appreciate you guys to the fullest for doing so and supporting the channel. It means a lot to me. So we saw the market just close about five, six, seven minutes before I'm recording this video and we ended up closing the day yet again another green day today guys. The S&P 500, the 500 largest U.S. traded companies was up around 0.5% today, up around nearly $13. The Dow Jones was up around 175 points at the close, up around 0.68% and the Nasdaq yet again had another solid day, you know, due to the tech stocks doing very well today again. This one's up around 1.1% right now and again this is the future. It's up around 76 points right now. So very, very solid day, you know, in terms of the Nasdaq and the overall market. So let's take a look at some time frames on these different indices so we can get a better understanding of where the markets could be potentially moving over the next couple of days. So if you guys have been watching my channel for a while now, we've been talking about the pattern on the SPX, the S&P 500. The fact that it broke above the 180 SMA, which has been a resistance over the past couple of months, that's a very good sign that it's reversing to the upside and there's honestly no signs of it reversing to the downside as of now, right? We've been talking about how, you know, we do expect a pullback coming, right? The RSI is seeming like it's very overbought. It's been about a month and some change now, you know, about a month and 10 days of straight green right now in the SPX. And I feel like, you know, every single day, guys, I know myself and the entire community, I feel like we've been waiting for a pullback in the market, but we are honestly just not getting it. But again, guys, I'm still sticking by my word that we are going to get a solid pullback, probably something and, you know, in the lines of what happened right here, you know, we saw it fall, you know, back in the beginning of November, from around 28-12 to around 26-30, which ended up being around a 5-6% pullback. And honestly, guys, I don't think this is too far-fetched, because for all you that have been paying attention to the markets, you know, we've posted the best January since 1987. And the month of January alone, right, we had a 13-14% gain in the S&P 500 alone, which again, is the best January in the stock market since 1987, January 1987. And of course, we've been roaring in the month of February as well. If we're just taking a look at this month alone, guys, we're up a solid, you know, 1-2%, you know, 2-3% from the beginning of this month. And the green seems like it's not ending, right? It seems like it's not ending. So let's take a look, you know, at some other longer term charts here, so we can get a better understanding of the larger term picture here. So a couple of videos back, you know, actually more than a couple of videos, probably like a couple of weeks ago, we were talking about this 180SMA being the support for the SPX here on the three-year one-week chart. And obviously, guys, you know, we saw it bounce there very nicely. It held above it back in 2016, where it hit the low of around 1810. And we ran all the way back up to 2940, obviously. We all know this. This is, you know, the peak that we saw, you know, roughly at around the beginning of October. We sold off all the way to 2400. We bounced on there, which is a good sign of the continuation of the uptrend on this longer term chart. And now we're trending right under the 50SMA on this three-year one-week chart, which has been a resistance over the past couple of weeks, guys. So keep an eye on this resistance level, you know, for the SPX. It got rejected through December, rather October, all the way through December under this 50SMA. So this could potentially be another rejection spot for the SPX. So keep an eye. Are we going to get rejected to the downside here? Or are we going to break to the upside and continue the uptrend? So another one I want to show you guys is this one-year one-day chart, where we're trending under the 180 Simple Moving Average. Keep an eye on this. This could potentially be a resistance. If not, guys, if we break above it, again, that's the continuation of the uptrend. And that's not too good of a sign. You know, if you're short on the market, if you're bearish on the market in the short term, if you are bearish, you would love to see the rejection here and possibly a break below around this previous resistance, which is now a support, which would be around, let's say, 2675. So if you're bearish, guys, you know, you want the markets to go down, what you want to see is a rejection here at the resistance at around 2750, roughly where we are right now, and ultimately a break below this old resistance, which is now a new support at around 2670. So in terms of the SPX, guys, and again, the entire market, you know, we're out of that downtrend on the 180 chart, we are at very critical resistances on the longer term charts on the three-year and the one-year chart. And if we're taking a look at the 20-day one hour very quickly, just like yesterday, guys, we're still maintaining that uptrend pattern, higher highs, higher lows. We just pushed up to another higher high right now at around 2738. So we could potentially pull back tomorrow, you know, heading into the open and either continue this uptrend by pulling back and bouncing up for another higher high. Or, you know, if we do end up pulling back here, let's say we have a red date tomorrow, keep an eye on possibly us getting down to around, let's say, this support level at around 2720 in terms of the SPX. So keep an eye on that level, guys, but all in all, you know, we're uptrending higher highs, higher lows here on the 20-day one hour chart with honestly no sign of a reversal. So let's take a look at the Dow Jones very quickly, very similar pattern, guys, higher highs, higher lows here on the 20-day one hour chart. We are still uptrending, no signs of a reversal. We pushed to another higher high today, reaching around $25,427. Again, we had a 175-point green day today in the Dow Jones. And on the 184-hour chart, like we've been talking about, very similar to the SPX, guys, we broke out of that 180-SMA resistance. We're trending up. And honestly, it's not looking like we're pulling back besides the fact that this RSI is overbought on pretty much all of the indices. This is something that we've been talking about. And honestly, it does concern me a bit, guys, which is why I do think in the next couple of days, maybe a week or two, we are going to experience a pullback, like I said earlier on in the video. But just judging off these technicals right now, I'm not really seeing a pullback coming really until we see a strong rejection to the downside, at least a 2% red day, 1-2% red day. 3% honestly would be great too is what I would like to see for the start of a pullback. But until we see that, it's still up in the air in my personal opinion. So if we're looking at some longer-term charts here, unlike the SPX here on the one-year one-day chart, the Dow Jones actually broke the 50-SMA of resistance. This was a couple of weeks back, actually about a month back now. This was back in January. And we actually just recently broke the 180-SMA resistance here on the one-year one-day chart, which is a pretty good sign. But remember what I talk about, guys, in terms of these SMA crossovers? Whenever the 50-SMA crosses below the 180-SMA, that signals potential downside potential bearish moves in a stock ETF or an index. So the fact that we do see this cross to the downside, this could signal a pullback coming soon in terms of the Dow Jones. And to use it to the opposite extent, if you want to see an uptrend, a bullish potential sign, what you would want to see is a break of the 50-SMA above the 180-SMA. So for example, guys, if this was pushing up, if this 50-SMA was pushing above the 180-SMA right now, this would indicate, in my eyes, more uptrend potential to come. But the fact that we're showing this pattern right here, guys, this could indicate a pullback in terms of the Dow Jones in the next coming days here. And then on the three-year one week, very similar to the SPX guys, we held the 180-SMA on the three-year chart. But the difference here is that we're trending above the 50-SMA with no resistance in sight in terms of simple moving averages here on the longer term chart. And we do see the EMA here slowly looking like it's going to break above the 50-SMA, which is another bullish sign. That's another bullish sign because, remember, these EMAs that we use on this channel, me specifically, they're smaller time-framed EMAs and they're quicker acting than the 50-SMA. And of course, the 50-SMA is quicker reacting than the 180-SMA. If you guys don't understand, if you guys want to learn more about these indicators, rather, search my channel, think or swim indicators. And there's like a 20-minute video going into depth with tips and tricks about these EMA simple moving averages and go check out that video if you want to learn more about that. But that's pretty much the gist of what's going on in terms of the Dow Jones. The NASDAQ here, guys, again, very strong day due to the tech stocks being up. We can see on the three-year one-week chart, very similar pattern, to the SBX, to the Dow. We held that 180-SMA here on the one-year one-day. We ended up breaking that 50-SMA back in January. And now we're actually under that 180-SMA as a resistance here on the one-year one-day. And like I talked about in yesterday's video, guys, it's looking like we finally broke out of this resistance at around 6820. We held it as a new support. And now we're looking to fill this next channel, which is from around 6890 up to around 7130. And of course, the 70-point day-to-day really just confirms what I said a couple of videos back that. We are going to fill this gap, which is what is exactly happening now. So keep an eye on this, guys, in terms of the NASDAQ. The next resistance right now, it really is about 100 points above from where we are at around $7,100. So, in terms of the NASDAQ, guys, not to go too deep into it, but we are really just in the same situation as the SPX and the Dow, higher highs, higher lows. We pushed to a higher high today at around 7,000. We finally, did we crack 7,000 today? Yeah, I'm pretty sure today, yeah, obviously we cracked 7,000 because we're at 7,008. So, yeah, today we finally got back into the 7,000 range in terms of the NASDAQ. So, you know, guys, the bullish run, the bullish past couple of weeks is still intact. And it's honestly looking like it's continuing. But just keep an eye on those resistances that we talked about on the larger term timeframes. They really do matter, guys, on a technical perspective. And, of course, the RSI does seem a bit overbought on all of these indices, which is another thing to keep an eye on. So, what did I trade today, guys? Well, I traded Kron again. And if you guys are in that Discord group chat, the link is down below, 100% free. You guys saw that I traded Kron. I think a lot of other people ended up trading Kron as well. And this has been a marijuana stock that's been on absolute fire. It's been on an absolute tear. And this year alone, guys, it's doubled in price. So, let's talk about it. So, yesterday, I actually traded Kron as well. And today, it really did kind of a similar pattern, which I was able to capitalize on. So, we see the crazy run. Let me just show you guys, just in 2019 alone, if we go here to 1 slash 219, we were at $10 a share, guys. $10.30, literally about a month and three days ago at the time that I'm recording this video. And we've run up nearly 100%. You can see it right there, 140% in terms of Kron. So, if you were to dump in your account in Kron right now, you'd be feeling pretty happy. Or if you dumped it in the beginning of 2019, you'd be a pretty happy man or woman, right? That would be an absolute crazy start to the year. But I personally did not do that. I'm sure a lot of you guys have owned Kron since the beginning of 2019. Drop a comment down below. Let me know if actually you have owned Kron. But just to get into it, guys, yesterday, I traded a very similar pattern here, which means if you guys watched yesterday's video, you saw that I traded the pullback bounce on Kron in the morning. And I really just did the same exact thing today. But today was more of an aggressive pullback. I was a little bit more cautious because we did see some strong selling this morning in Kron. So, I was pretty cautious actually. I scaled in with a smaller position than I did in yesterday's video or in yesterday's trading, rather. But just to get into it, guys, you know, what I liked about Kron heading into the market open and why I was watching it very closely is because it started to gap down from the top here at around $24.50. And what happens when a stock gap downs into the market open? Well, that opens up a profit margin for that stock. So, I was actually watching it to hold that $22 level at the beginning of the market, which obviously did not end up happening. And if it were to hold that $22 level, there was around a 10% profit back up to the previous resistance. But once the market opened, guys, we saw obviously a tank down all the way to 2074 opening up another 6% margin. And then once I started to see a bottoming out point, I did not get in here at the absolute bottom because, guys, at this point, think about it. If you're looking to get in right here, that's a bit more risky, at least in my opinion, because there's always room to go further down, and there's no really confirmation that it's pushing back up. But once we did get the confirmation that it was slowly creeping back into the $21 range, this is when I was slowly starting to scale into my position, because I figured at this point, it's worth trying to scale in because the stock has been on fire. It's done this pattern a couple of times. And it's worth, in my opinion, playing sometimes these marijuana stocks that do end up running 10%, 15% in a day. Of course, risk managing and scaling in slowly, guys. This is what I ended up doing. I ended up scaling in at around $21, ended up adding a little bit more at around $21.65. And then once I started to get deeper into my green, once I started to get deeper into the profit, I put a trailing stop, I set my limit at about 22 something. I think it was around like 22, what was it? It was at about 2.5% from where I was. And my average cost was at around $21.55. So let's see, 2.5%. It ended up being at around like 22, 20, I believe, something like that. But anyway, the whole idea here, and my strategy behind this trade was slowly trying to profit on that fill of the gap back up to that pre-market resistance. Obviously, now that the day is over, we almost got back up to that pre-market resistance. We almost filled that gap. But at this point, guys, I was already out of the trade with my 2.5%, 2.2%, 2.3%, whatever it ended up being in terms of cron. So this is what I typically do when I day trade, guys. I like to see stocks that are gapping down that have a margin of profit. And I like to see them find a support at the market open and then slowly start to see if they fill the gap, guys. This is something pretty basic that I do a lot of the times, and it does end up working with proper risk management, with proper planning. You guys can most likely do this as well. But again, don't just copy my trades. Don't just copy what other people are doing. Make a plan for your own. Understand. Do your own due diligence and trade what you guys understand. That's the most important thing here. So that's what I ended up doing in terms of cron, back-to-back days, trading this marijuana stock. So let's talk about some other stocks very quickly that people ended up trading that icy potential in. So we saw Apple ended up doing very well today. Again, up $2.93, up around 1.71%. We see it's extremely overbought right now, guys, in terms of the RSI. What do you think for a potential short-term put option on Apple, guys? I've been saying this about Facebook. Facebook's in the same category, too. Honestly, I wouldn't mind playing a short-term put on Facebook, either. What do you guys think about that? These are two potential scenarios that I'm looking at. Apple for potential put, Facebook for a put. This one's already up above that $80 or 80 range, roughly at the 80 range in terms of the RSI, meaning it's extremely overbought. And honestly, guys, I do expect these to pull back sooner or later. They're extremely over-inflated, guys, especially Facebook and Apple. And the other tech stocks Amazon did pretty well today, up around 1.5%. Netflix did around 1.2 today. Google ended up doing pretty decent after the earnings report yesterday, up around 1.16% today. Microsoft's back into the 107 range, guys, up around 1.4%. Another potential put option that I'm looking to play, and I was talking about this one in the Discord, is on AT&T, guys. We can see, you know, based on this 184-hour chart, AT&T seems to have gotten rejected from the top of this channel, indicated by this red trend line. We see that here. This was a lower high from the previous, and this was a lower high from the previous, and this was a lower high from the previous, right? This is on a straight up downtrend. And the fact that we're pushing back into the $29 range now, we broke that 180 SMA. The EMA's pointing down. It's looking like we'll get a potential cross of the 50 SMA below the 180 SMA, which, again, is a bearish sign, potentially more selling to come. This is a good potential opportunity to play a put on AT&T, maybe about two, three weeks out, maybe a month out. That could be a potential play that I'm looking at right now in terms of AT&T. So some other ones that we saw today, we saw Gold do an interesting move today. We saw it held that support that we were talking about in yesterday's video, and that one being right here from the previous support at around 1315. We saw it ended up holding it. You know, this was yesterday at 7am, held it yesterday. We saw pretty much a triple bottom here, which is a good sign, a double top as well. So it was pretty much just trading in this horizontal pattern, right? The triple bottom, the double top. Now what we're waiting for is a break out of this resistance to see if it's going to continue that uptrend and potentially we'll take a position in Jnug. I'll take a position in Jnug if it does end up popping above here. But on this chart as well, guys, keep an eye on the 50 SMA potentially crossing over or under rather the 180 SMA, meaning there's could be more selling to come. But right now, guys, it seems a bit bullish. We can potentially, if we do end up breaking that resistance, this could be a solid entry point in Jnug, which is the bull ETF here that trades on Gold. And really just whenever Gold goes up, guys, Jnug goes up as well. So that is one that I'm really interested in seeing how it's going to play out. Another one that I'm watching, guys, is a crude oil future. And for all you guys that don't know, crude oil has been on a ridiculous bull run over these past couple of weeks. It hit a low at $42. We topped that around $55. And now we're pulling back, and we're holding that 50 SMA here. And for those of you guys that don't know, whenever crude oil is going up, UWT is going up. So this could be a potential good entry point in UWT. If crude oil does hold, let's say the 5370 level, if we do hold that 50 SMA on crude oil, and if we do end up pushing back up, curling back up, that could be a potential entry. Let's say right around, I would say 1385, 1390 for UWT and back up to around $15, guys, that offers around a nice 7% profit. So some other ones that I was watching today, guys, that didn't end up playing out too well. One was actually Sony. This is one that I was watching for a potential pop. We ended up not getting it. We're seeing the 50 SMA cross below the 180 SMA here. I was waiting for the pop above $47 to see if it can slowly fill the gap back up to $48, and then eventually $50. It's still a possibility that it does do this, since it really didn't break too hard of a pattern here. We're still holding that $45 level, so I'm still going to be keeping an eye on it, but it just did not perform to my liking today. So another one that I was watching was J&J, guys. This one's not looking too great as well here on the 5-day 5 minute. It looks like we're getting rejected by the 180 SMA and the 50 SMA as well. On the 180 chart here, we're getting rejected by that 180 SMA. So we could potentially pull back maybe back to 130, which could open up a better entry point here in terms of J&J. And another one I'm watching here, guys, are the natural gas futures. Are we finding a bottom here at around 260, the R-size a bit oversold right now? This could be a good potential move in you, guys, if we do end up filling this gap back up to that 50 SMA resistance right here, which could put natural gas to around 275, 276, maybe even 280, guys. So watch this one. See if it fills that gap back up to 280. That is a pretty solid opportunity if it does end up showing that push. And of course, for those of you guys that don't know, U-Gas is a bull ETF on natural gas, meaning whenever natural gas is going up, U-Gas is going up. And this does offer a solid profit margin in my personal opinion. So drop a comment down below. Let me know what you guys ended up trading today. I would love to know. Leave a like. Subscribe if you guys want to see future content from me. Turn on that notification bell so you're notified whenever I do make a video. Thanks all you guys out there for watching, supporting the content. I really do appreciate it. Peace out.