 What is going on everybody it stops here welcome backs 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 two trades that I made today on the 23rd of January in 2019 and we're also quickly going to look at some other ticker symbols some other stocks ETFs that performed well today So before we do get into this feel free to smash that like button if you guys do enjoy the content It really does help my channel grow and I really do appreciate it if you guys do Smash that like button. So let's get started with today's video guys So at the close of the market, we ended up closing the day green today But this doesn't tell the entire story because we were read honestly for half over the day in terms of the SPX and the NASDAQ the Dow Jones did a little bit better than the other two indices today because Procter and Gamble and IBM did absolutely fantastic and those are two holdings in the Dow 30 So let's just quickly take a look at them just so I can show you guys, you know why the Dow didn't do as bad It actually did very well compared to the SPX and the NASDAQ. We can see IBM was up 9% today Right and Procter and Gamble was up 5% But I think it was up even further at one point 96 dollars at that point It was probably up like 6% so let's take a look very quickly at the SPX and we can understand You know see some trends and see some charts to see what ended up happening today And what trend I think is going to you know play out for the next couple of weeks So we can see yesterday guys. We got rejected. We had that hard red day If you didn't see that go watch yesterday's video We got rejected up that 180 simple moving average Which was a resistance over the past couple of months since we had that big sell-off Starting back on the 3rd of October. We can see we had trouble getting above it here here here That was three tops right three rejections, you know right at that 180 SMA We obviously have that huge tank in December and now we've been running up ever since December 26th And we got rejected yesterday and we had obviously, you know another rejection today because we did not get Above that 180 SMA. So if we're taking a look at a little bit of a closer chart here on the 20 day one hour We can see it's a little bit It's like a descending pattern that's slowly starting to form here then by that I mean we're seeing the top at 2675 and a lower high from the previous at around 2650 and this could potentially be guys depending on if we break below the 50 SMA tomorrow This could end up being the third top or you know the third Top right which would make it a another lower high right and if that continues guys We're gonna break the 50 SMA which has been a support on the SPX on the 20 day one hour chart So keep an eye on that tomorrow guys if we make that third lower high from the previous two lower highs You know that's gonna push us below the 50 SMA And that's a break of pattern meaning that we could be heading down From there in terms of the SPX and of course guys if we break the 180 SMA Which is around like a hundred points lower from where we are right now That's going to be an even bigger sign That there's more selling to come, you know in the SPX so overall guys Not too crazy of movement at the end of the day only up five dollars up point two percent and the trend You know that it got rejected by the 180 SMA and we're heading down is still intact guys So just keep an eye on that level that I just showed you guys very very important Level so quickly the Dow Jones like I said it had one of the better days today out of the three indices because procter and gamble And IBM did absolutely great on their earnings reports and their stocks went up right We saw a 5% increase and an 8% increase in those two stocks And one of the main differences I wanted to point out in terms of the Dow Jones If we look on the 20 day one hour chart Unlike the SPX guys we bounced on the 50 SMA and we're continuing an uptrending pattern here on the Dow Jones If we take a look back at the SPX very quickly, we notice on the 20 day one hour chart We're seeing that lower high action starting to form You know, that's the exact opposite of what we're seeing here. We bounced here and now we're pushing for the higher high But again guys, let's say tomorrow. We start to sell off This could be the start of that lower high You know sell off action for the Dow if we start the head off You know if we start to sell off at this point, right? You guys understand what I'm saying If we sell off here and let's say we bounce here again sell off again That's going to be the start of a sell off pattern and typically that's how it ends up happening When we do find the top, right? I'm not saying this is 100 percent the top But if that did happen, you know, that could be a good indication that this is the top So, you know, Dow Jones guys up 170 points today up 0.7 percent The uptrend is still continuing on this 20 day chart Keep an eye for the break below the 50 SMA tomorrow and in terms of the 180 guys We are still technically under that resistance under the 180 SMA So all signs are looking good as of now for the continuation of the downtrend But just keep an eye on the smaller term charts, you know That'll give you guys a better picture of you know the closer time frames of what's happening You know within the week and the weeks prior to where we're trading right now So the NASDAQ very quickly guys, um, you know, we're selling off holding that support at around 6600 right now I believe we did hold above it today Around 66 30 rather not 6600 and um, you know This one is showing a sign of a rejection at the top of this channel Which we were talking about in the previous couple of videos and at this resistance at around 68 50 So guys keep an eye on this this could end up selling off to the next support And if it does guys around 6500 watch for the break of that and if it ends up breaking that It's also putting it below the 180 SMA Which is a huge, you know reversal trend to the downside for the NASDAQ So in terms of the NASDAQ that's what I'm looking at on the 180 chart on this 20-day chart very similar to the SPX right we're seeing a high at 6800 a lower high formed and another lower high So we're seeing a descending pattern starting to form But what we want to see for it to continue is again that break below 6600 and eventually that break below 6500 so keep an eye on those levels guys for the NASDAQ composite So let's talk about what I traded today. I took a red trade on tesla You guys saw in yesterday's video. I took a position in tesla at around 398 I believe 398 80 is when I bought I believe five shares of tesla Took a smaller position because with my swing trades when I have a goal to swing trade You know, I typically like to scale in and then add more money As the stock continues the uptrend. Well in this case guys, it actually went complete opposite of where You know, I wanted it to go which in this case it went down. We saw a big red day today in tesla We saw it hit two two hundred and eighty one dollars guys And if you recall in yesterday's video, I believe I was talking about how I didn't want to let tesla get below 295 and that was kind of foolish of me because um, you know, it got to 280 right so that completely You know that completely blew, uh, you know under my stop loss, which was at 295 and I'll show you guys why I believe we Yeah, exactly, right? We can see here. We closed at 298 It was kind of a risk guys because I didn't want to let it get under 295 But we closed at 298. So that only gave me like a three dollar buffer I should have honestly left a little bit more room To buffer for tesla in terms of my stop loss maybe put it at 290 But I wanted to keep it tight and the fact that we didn't end up Opening there, you know, it didn't hit my stop loss obviously and then I had to just sell off my shares You know, I even cancelled the stop loss honestly because at that point I saw we were trending down And I don't really trade uh pre market hours to be completely honest with you guys So I ended up just cutting my losses, you know, once the market opened and then, you know, we tanked down even further To 281 so all in all guys not too crazy of a loss And this is actually opening up something that I wanted to talk about really quickly here, which was a long term Potential investment in tesla. So I took around a two three percent loss nothing crazy on that I was with about 10 15 of my goal position. I only had about five shares You know in tesla on this swing trade, but back to what I was saying I kind of want to take a long-term position in tesla around 250 260 I've been saying this over the past couple of months if you guys are in the chat You know, I talk about this a lot and that's going to put it, you know, really close to where we are right now Right my 250 260 target is pretty close to where we are right 287 And if more selling starts to kick in if we do get to 270 and if we do have a bad earnings report in tesla Which is next wednesday, I believe it's next wednesday We do have an earnings report for tesla if that ends up pushing the stock down, right? I think this could push it down to 250 260 if we have a bad earnings report And I'm looking to actually buy a couple shares in tesla at around 260 250 maybe even low 270s Right, you know as one of my speculative investments not putting anything more than five percent into that investment in my long-term portfolio Because honestly, I like the product of tesla. I do believe in elan musk specifically And I think tesla is just a great idea. They're ahead of the game by far And you know, I think there's a lot of potential with this company and you know might as well just risk five percent On a spec stock i'm a young dude. Honestly when you're young you can take more risks And I don't see any problem, you know buying into tesla if i'm being you know, uh, you know, what's it called? What's it called guys disciplined and not putting more than five percent in there So that's what I did in terms of tesla guys took a little bit of a loss But not really too discouraging because I do want to add a long position if it does continue to go down And what I traded today guys was tv ix and we can see Ever since the market was selling off like crazy in the beginning of the day Like I said when the spx was selling off for the first half of the day tv ix had a ridiculous run yet Again 13% run if we recall yesterday it had a 17% run and we pretty much got I personally got again a 3% profit On tv ix so I got in once I confirmed the downtrend on the spx because the spx is what tv ix follows And by that if you guys remembered what I said in yesterday's video go back to yesterday's video I don't remember where I said this but I said this in yesterday's video that Typically when we sell off heavily to the end of the market We end up bouncing back up gapping back up in the beginning of the day Which is exactly what ended up happening and then we start to sell off from there And this is why I don't hold tv ix overnight because this is what typically does happen When we do sell off in the market. So it played out perfectly guys, you know, it it popped up To 2650 and that actually gapped down tv ix opening up more margin of profit And then we started to sell off again guys and then we started to sell off again and notice over these two charts on the spx We made a lower low from the previous day So this is a good sign that this could potentially happen tomorrow again We pop up and then we continue to sell off and continue to push to lower lows from the previous two days Right. I hope you guys understand what i'm saying here But anyway guys we ended up downtrending here and that's when I ended up profiting about 3% On tv ix and very simple. We see you know at 1001 We found the top and I waited to see if we were going to get rejected by the 50 sma If we were going to pop back above it and we got rejected here guys Continue to push down and this is when I started to add into my position And then once we broke below the 180 sma add it a little bit more into tv ix And ended up just grabbing a 3% profit and if we go back on tv ix Very simple guys around 1030 add a little bit of money right I believe right around here Ended up adding more on the dip and then I was out about 3% up from there very very simple guys That is what I did in terms of my trading today on tv ix So if you guys found value in that information feel free to smash that like button if you are enjoying the content You're not subscribed yet subscribe to the channel guys. I'm posting daily updates here on my trading on the market What stocks are reporting earnings all that crazy stuff? You know all the stuff that we love to do on a day-to-day basis with the stock market I'm talking about it here on this channel. So that's what I did guys took a little loss You know got back that loss and a little bit more so overall today guys not too great of a day But again, you know any green day that I can take profit is profit You know, I'm happy with that right? I'm sure a lot of you guys experience the same thing And let's just talk about some stocks very quickly guys I don't want to keep this for more than two three minutes because I do want to start shortening the videos a little bit more I've been getting some dms on instagram that some of them are a little bit too long You know, I don't think they're that long. I've seen other stock youtubers do like an hour long video I don't want to do that long of a video But I do want to keep it in you know the 15 to 20 minute range drop a comment down below Let me know what you guys think about this. What's the ideal time that you guys would like to see these videos I know sometimes they get close to 30 minutes because I typically ramble like I am right now But you know, that's just how I am guys when I get excited about something I can talk about it and literally 30 minutes go by and I'm like holy crap That was a long video. So that's just how it happens most of the time But let's talk about what happened today with natural gas very quickly We saw a pretty big dump today on natural gas We saw you know early on this was about 1208 p.m From 309 it dumped all the way down to 295 Opening up a huge gain in degas. We saw a big drop today in cron guys So a lot of people have been messaging me about put options on cron. I am still thinking about it I want to see the break below the 50 sma first I want to see that confirmation But as of now things are looking solid that we got rejected right around that $15 range And we we saw some consolidation there and we're pushing back down Obviously tesla like we saw that made a crazy move in terms of the other two proctor and gamble that one did very well today You know it consolidated it popped up. It's right by the resistance. So this could be A potential put option play here as well. If you guys do think this one's gonna deflate a little bit I personally think it could I don't really see this one going back up Do you guys see going back up to a hundred dollars? Let's see when it was last at a hundred dollars It wasn't within the last year three years ago Yeah, man, honestly, this could be a could potential put play just keep an eye You know on that resistance for proctor and gamble j and j is another one that i'm actually looking at This one's looking very good guys. We've been consolidating on here You know, let's show a little bit of a closer chart. We've been consolidating at 130 after a good earnings report We dumped we've been consolidating. So this one could fill this gap I talked about this one a little bit earlier in the video this morning and I still think this is a solid trade So drop a comment down below. Let me know what you guys think. What are you trading? You know, what stocks are you watching any long-term investments? You know any swing trades day trades, what are you guys doing out there drop a comment? Let me know. I hope you guys enjoyed this video If you did feel free to drop a like leave a comment subscribe Follow me on instagram and twitter join that discord if you want to talk to me and our team of 450 people It's 100 free that link is down below in the description as well. I'll catch you all in the next video Thanks for all the support. I'll see you guys soon