 What's going on everybody, it's Stas here and 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 personally did today in terms of my trades on the 26th of July in 2019, as well as going over some other stocks and ETFs that I personally see potential in and that I want to trade here heading into the month of August in 2019. So if you enjoy this video, feel free to go down below and hit that like button. It really supports me and supports the channel and if you want to see further content from me, consider subscribing and hit that notification bell so you're notified every single time that I do make a video and guys, I'm uploading videos daily here about the stock market investing trading and personal finance. So if you're into that, this is the channel for you. So without further ado, let's get right into it, guys. So the S&P 500 ended up closing up 22 points today, up 0.74%. And actually before I forget about it, let me read off the stat that I have here on my phone about the U.S. economy, some stat that we got today. So the U.S. economic GDP growth slowed in second quarter by less than the forecast. So the annualized rate was expected to be 1.8% growth, but it actually came in at 2.1%. So in my opinion, this is definitely a catalyst to why the S&P and the markets in general did quite well today, right? And let me know what you guys think about that down below in the comment section. And you guys can see the Dow Jones ended up closing up $51.47 up 0.19%. Not as good as the S&P in terms of a percentage basis, but still we had a pretty good green day in the Dow Jones. And if we go over here to the NASDAQ guys, we can see up 0.42%, up 33 points. We cracked $8,000 today, yet again in the NASDAQ. So overall guys, the markets today, they did well. In my opinion, it's due to that economic data that we got that the economy didn't slow as much as the analysts thought. So that's a pretty good sign. And let's go back to the S&P and break down some technicals very quickly of what I am seeing right now. So we talked about in the past couple of videos, as the markets continue to hit all-time highs, there's really no resistances for us to keep an eye on. There's only supports. And now that we broke that double top that I was talking about in yesterday's video, we're looking to hold that level as a new support potentially. That's the next support that I'm looking at, right? So if we were to experience a pullback, this is the level that I'd want to hold. And that level is guys, if we go to the 20-day, that level is at 30-25, right? 30-25 or actually more like 30-15 to about 30-20, you guys can see we peaked here on the 12th to the 15th of July. We hit that peak again on the 24th and we pulled back. And that's why in yesterday's video, I was kind of thinking to myself, this could be a potential double top right here that I'm seeing, right? It could be a potential double top. It's kind of like in a way an inverted head and shoulders as well. But now that we broke out of it, guys, none of that really matters. It pretty much just completely broke that double top theory. And now we're looking to hold this level potentially as a new support if we do end up pulling back and testing it this week. And that's honestly what I'm waiting for, guys. At this point, if we gap up and hit another all-time high, again, there's no resistances, right? So we're going to have to see when it cools off, when it cools off, where is it going to end up finding that support? So that's kind of what I'm watching here. Multiple different timeframes. You can see, we've been uptrending over the past week. This whole entire week, you guys can see, we had a red day on the 19th, the weekend passes, then Monday, Tuesday, Wednesday, Thursday, Friday. With the exception of Thursday, this whole week in the market has been pretty, pretty strong, honestly, based off what we're seeing here. And if we're going over the Dow Jones industrial average, the five-day, five-minute kind of tells a different story. We got earnings from Boeing. That day, the Dow didn't do too well. I think that might have been this day. It might have been on Thursday. We got those earnings. Today, we've recovered. But overall, the past five, six days, it's been a roller coaster. We hit that high at 27, 368. And from there, we've had one, two straight days of losses. And now we've recovered a bit, breaking out, heading into the weekend. So this could be an interesting spot on Dow for a potential breakout. And if you notice, we're closing right under that 50 SMA resistance on the 20-day one-hour chart. And that happens to put us right under that downward trending kind of pattern here of lower highs. Notice how the 27, 400, 27, 300 lower high, lower high again at about 27, 250. And right now, we're at about 27, 190. So pretty much, guys, what I'm watching here is for the break. If we break, that's going to be very bullish. But let's say we get rejected by the 50 SMA and this resistance here, we may be going down for a lower low. We may be retesting that 180 SMA. And if we break that, that's going to be very bearish in terms of the Dow Jones. And if we're going back over here to the 184-hour chart on the six-month chart, you can see a positive thing is that we are maintaining this 50 SMA as a support over the past two days of trading. You guys can see we sold off to it about 27,080, right? We held that support at around 27,100 to around 27,080. And that spot also put us on top of that 50 SMA. So we can see, are we going to break down or pop? That's going to give us the direction of the trend here this upcoming week. So going over here to the NQ, guys, we can see the NQ is still in a beautiful uptrending pattern unlike the Dow Jones over the past couple of days. The NQ, it's making higher highs, higher lows. We're trending above moving averages and we're trending above the 50 SMA, which has been a support over the past couple of days. And we've recently, not today, it was a couple of days ago, but we recently hit a higher high. And now in my opinion, we may be pulling back after maybe one more green day, maybe two more green days, but we may be pulling back to retest here, this green SMA, this 50 SMA on the 184 hour chart. And if we go to the 20 day one hour chart, you guys can see that this might be after hours. Let me just double check. It's kind of like towards the end of the day here, the NASDAQ is pulling back a bit. So we may be testing the 50 SMA on the 20 day chart as well. If we break that, we may be going down to the 180 SMA, which has also been a support. Those levels are what I'm watching here. And if we're going to see the performance of the NASDAQ over the past five days, let's take a look at it. So it's very similar to the SMP. We saw the Dow was very choppy. The SMP was mostly up except for Thursday. And the NASDAQ here you can see it was up pretty much the entire week, day in, day out, except for the 25th into the 26th. We saw that little dip here, but ultimately we held a higher low from the previous and ended up continuing the up trending pattern. And now we're pulling back looking to potentially see another correction, but it seems like we already got it. And the RSI is looking pretty good on this five day, five minute chart. So I'd be interested to see how the future is open on Sunday. At that point, we'll get a better understanding of whether or not we're pulling back even more, or if we held this as a support, and we're looking to bounce and continue the uptrend. So just keep an eye on those futures guys, especially on Sunday at 6 p.m. Eastern Standard Time. That is when the futures market opens. And of course, if you're a central standard, if you're on the West Coast, you can do the time change difference to figure out when it opens in your geographic area, and you'll figure that out. So that's kind of what I'm looking at right now for these upcoming days for the NQ and for the entire market. And that's kind of it for this portion of this video. So let me know what do you think about the markets, and let's just get into the trading update, guys. So today, I ended up just locking in FedEx. I locked it in because over the past couple of days, it's been down trending, believe it or not. I know we kind of ran very quickly, so this is to be expected. But ever since we dumped below this 180SMA kind of yesterday, it's been creeping in my mind to take my profits before the weekend and look to re-enter on Monday. And especially today, since we dumped below the 50SMA here on the 5-day, 5-minute, you know, the 180SMA acted as a resistance. And we just blatantly continued the downtrend. You know, I wanted to take the small profit I had. It was about, I think, like a 1.5%, 2% profit from where I entered on those two separate occasions. And at this point, guys, let me show you what I want to do. So looking on the 20-day one hour, we're noticing how ever since we ran up aggressively to 178, we've pulled back for the past couple of days, and we're maintaining this 50SMA. So heading into this upcoming week, again, I took my profits. I want to re-enter potentially if we hold and bounce on this 50SMA, or maybe if we even pull down and hold 173, 174 as a new support. Maybe we can do that as well. And that could open up a nice dip by, and at that point, the RSI might be down to 34, 30, 32. That would be a nice entry in terms of the RSI. But at this point, you know, it's still kind of downtrending, and I want to see it pop here. I kind of want to see if we go to the 5-day-5 minute very quickly. I kind of want to see a break, if I show you guys here with these trend lines. I kind of want to see a break out of this level and into the 175-50s to about the 176s. That's where I'd consider re-entering into FedEx. But I actually opened up a fresh position in UNH. And UNH is United Health Group. I'm sure you guys remember a couple of weeks ago, I forget when this was, but they reported earnings. Yeah, it was this day, and the Dow ended up doing extraordinary well that day. And since they've reported those earnings, we've seen quite a pullback of about, let's see on a percentage basis, I forgot how much it was. It was about a 6-7% pullback. And we can see after the pullback, we actually held the 180SMA support, which has been a support over the past couple of weeks. The RSI level got down to the oversold spot, and it popped. We also got a break out on the 5-day-5 minute, I believe. Yup, here it is, the 180SMA, the 50SMA, those were acting as resistances. We got the break out today. And thanks to a subscriber actually, and thanks to a Discord member, an active Discord member, that I actually got into this position because he called it out, and I started looking at it, and I was like, hmm, I'm going to watch this one. And then it ended up opening up an entry point, in my opinion, later on in the day after we started to pull back. And he actually called it out during this time period. And during this time period, we were straight up running up. So I didn't want to get caught in at the top here, because again, if we look at the one day, one minute, during this time period, we were getting quite overbought. So I wanted to see some sort of pullback before entering, and we got that pullback heading into the power hour, the last two, three hours of the market today. So we got the pullback from 253 down to about 251. And then once I noticed, if we go back to, I believe, it was the 5-day-5 minute, right? No, it wasn't. I think it was the 20-day. But anyway, once I started to notice that, actually, no, it was the 5-day-5 minute. Once I started to notice that we were holding the 50SMA as a support, a new support, instead of being rejected by it as a resistance or breaking below it, you know, once I noticed we were holding that, I entered into a position, a small position at about, I believe, like 252.30ish, 252.19, or like, I think right around the 252.20 to 252.30 area. That's where I'm in with about a 10-15% stake of my position or 10-15% stake of the goal position here. And I always scale into my positions, guys, and I actually have a video about that coming out here in the next couple of days. So keep an eye on that for that. But the whole idea is when you're scaling into a position, right? Let's say it reverses and it doesn't go your way the way you planned it, you can cut losses and lose less money than if you jumped in all the way with the full goal position. That's kind of the goal here. So I saw the pullback. It opened up. Let's see. I think it was like a 1% from the peak of the day. We started to hold that level and I ended up entering. So at this point, the goal of this position is to hold it as we continue to reverse here. And I'm going to cut losses, obviously, if the pattern breaks and if we start to break below the moving averages here on the 5-day-5 minute, that's the goal right now. But if we go to the 184 hour again, the goal sell target right now is in the 260s, guys, whether it's 260 flat, 262, 264, and honestly, ideally, the spot would be 270 at this high or high. But since we shot up so aggressively, I'm not sure that we're going to get all the way back up there. But the goal is to grab at least a couple of percentage points here and kind of play it by ear and just add more as the uptrend confirms itself and as we continue to push up and if we continue to push up. So that's kind of my ideology right now behind UNH. I plan on swinging this one. I'm in with 10-15% and I plan on obviously updating you guys over these next couple of days in the market trading update videos. So that is it right now, guys. And let's just really transfer to the stock analyzing portion of the video. I have a couple that I want to talk about, not too many because typically on Friday, I don't want the videos to be running 20, 30, 40 minutes here. So let's keep it quick. There's a couple that I'm keeping my eyes on and that I actually forgot to mention in yesterday's video when a subscriber actually requested me to talk about it. So I do apologize. If you are watching, you know who you are, J&J. I forgot to mention it in yesterday's video. So here we go. So Johnson and Johnson, they've been having litigation issues about their baby powder having some kind of, what was it again, some product or some, what's it called, ingredient that causes cancer, right? There's been a lot of litigation around Johnson and Johnson and that is why the stock has fallen from 141 all the way down to the high 120s and we've been recovering. And right now, this could very well be the bottom for Johnson and Johnson, but we need to see one technical break here and you can see it if you're looking at this chart right now. Under the 50SMA is where we are. We need to break out of that on the 184 hour chart in my opinion before we could potentially recover fully and we've been slowly recovering here, which is a very good sign over the past couple of days, but the one resistance in the way is that 50SMA guys, right? And if we go to the 20 day one hour, we can see exactly what I mean by we've been recovering. Take a look at this chart. The 50SMA has been a resistance ever since we've broken into the 130s. Notice how we've tested it multiple times. We didn't break out. We got rejected and we pushed to lower lows. It's happened multiple different times here, right? And since we've hit the low at 127.84 and we've consolidated for two days, we saw the double bottom and then the breakout, we've been trading above the 50SMA and now we ended up closing on top of it as a new support. So at this point on the 20 day one hour chart, if we gap up on Monday, if we gap up and start to retest 132, maybe 133, and we ultimately break above this 180SMA on the 20 day chart, you know, where we'll be on the 184 hour chart? Well, we'll be on top of the 50SMA, which is a breakout in my opinion. So that is what I'm looking out for right now for Johnson and Johnson. It's looking good in the initial recovery, but we need to just continue to break upwards, ideally past 132, 133. And from there, we may hold that level as a new support. And let me draw it out for you guys so you can see it even clearer. And this is honestly an entry point that I'm looking at, right? You know, 132, if we pop hold 132, 133 is a good entry point in my opinion for Johnson and Johnson. And the key guys here is be patient, right? Be patient, give it some time, let it wiggle out, keep your cash on the sideline. That's what I'm doing. And then once it presents itself, I'm going to pounce on it. So J&J, I'm watching that one very closely. Again, UNH, I'm in that one, I'm watching it to add more to it. And some other stocks here, guys, Facebook, if we go to Facebook very quickly, Facebook's been interesting here. They reported good earnings, but the stock ever since it peaked at 216 after market hours that day, you know, it's been trending down. And now we're noticing how we are seeing a bit of a support here at about 198, 199. I guess you could even say $200 per share. You can see it's been a support over the past couple of weeks. And other than that breakout that we saw on earnings, it's kind of been in a horizontal channel here. Notice how the resistance at 205 support at about 198, 199. This could definitely be a point in time where we potentially fill the gap up to 205 if we bounce and hold on top of this support. And it seems like after market hours here, if we go to the one day one minute, it seems like Facebook's actually holding that level as of right now. You know, we dipped all the way to 196. We broke on top of the resistance again at that point. It looks like we're holding it now. All we need to see is the pop into 200. And my entry point is going to be at about $250 for Facebook with the sell at about 205. That's kind of what I'm looking at right now. So I'm going to wrap up the video here, guys. Again, I don't want it to be too long. I want it to be straight to the point today. And if you guys want me to talk about any stocks in specific, any ticker symbols, drop them down below in the comments section right now and I'll get to them in Sunday's video. And if you're part of the Discord group chat, you can go to the call out section in there and call the stocks out, call the ticker symbols, just drop them in that channel. I'll go I'll review them and I'll talk about them guys. So if you enjoyed this video, feel free to go down below and hit that like button, consider subscribing. If you found value in this video and you do want to see further content from me and drop a comment, let me know how you did this week in the markets. Let me know what you think about the markets. I would love to know. I love conversing with all you guys down there in the comments section. And thanks again for watching. Honestly, it means a lot to me, guys, that you do take the time to watch these videos. It's awesome. It's just awesome having this community here, guys. So I'll catch you all in the next video. I hope you did great this week. Have a great weekend. Good luck next week. I'll catch you guys later.