Hey hey: what's up my friend, so here's what hap what's happening right in the stock market right now. So, as you can see over here right, the stock market went to a high right. This is the s p 500. By the way it went to a high of 4 800 right, then it had a strong decline, a pretty steep pullback right to about thirty eight hundred dollars at this price point.

So that's a decline of about twenty percent. Okay and then we had a slight. You know bounce up higher to where the price is right now so now the question in on most traders, mind or even investors is that no is this, you know just a date cat bounce right. Will the stock prices continue up higher from here or will it? You know continue down lower right and the down trend you know continues down and to see the stock price drop down? I don't know 25 30 or even 40.

So what's my take on it right? So to answer this question right, there are a few things i need to cover right. So, first and foremost, let me first and foremost share with you the four stages of the market that every trader right should know. So let me just uh hide away this chart. First, so the first stage of the market is usually what we call the accumulation stage.

This is where the smart money comes in and buy uh stocks right at very depressed prices. So it looks something like this: this is the accumulation stage. Okay, like this right, so it kind of looks, looks like a range market in the downtrend. This is what we call the accumulation stage over here.

This is where you know: uh institutional, smart money come in right and buy right, uh stocks at really depressed prices, so usually at the accumulation stage right. It occurs after the stock price could have dropped 60, 70 or more so after the accumulation stage right. This is where we get a breakout, and this market goes into what we call an advancing stage. So this is where you know things are rosy.

Uh stocks are, you know in the news once again, no stock market, rarely no stronger bull run over the last 10 years. You know stuff like that in the news. This is what we call the advancing stage right. So, of course, the advancing stage.

It will not go on forever. Eventually, you know traders take profit, you know the stock price right gets too far away from its valuation and that's where we go into the distribution stage, that is distribution stage right again, looks like a range right, and this way we know the smart money starts to Unload their position sell into the rally, because you know if you are an institution, you can't just simply sell on any. You know given day right, because you know your position. Size is so huge.

You know it can cause the market to. You, know drop. So the best time to sell right is for people with. You know extremely large account sizes like institutions to sell during a strong market rallies okay.

So when there's a newcomers coming in, like you know the new retail traders coming in new blood coming in and then you have the institutional or traders selling, you know, you typically typically get a distribution stage where the market is not really going anywhere and what happens After this, the distribution stage is that, if the market breaks below this low of the distribution stage is what we call a declining stage where the market continues down lower and goes back into a downtrend or a declining stage. So these are typically the four stages of the market, so once this declining stage go down low enough, it then goes back to this one over here the accumulation stage. So now the question is right: where are we right now in the u.s stock market? So, just to bring back the chart, i shared with you earlier right. You can see over here.

If you look, i just zoom out a little bit. You can see that this could potentially be the start right of a declining stage. So you can see over here. This is the distribution stage that has occurred over the past one year or so then recently we had this uh breakdown over here, the stock price continued download lower, and now we re-test this a previous.

You know support support support which could now become resistance over here. So that's where the stock market is right now so and, as you can see right when the stock market now has, i think, right now: it's dropped about 15, 16, 17 or so right. If the stock market drops this much or usually stocks itself, individual stocks, especially the tax stocks right now, they take even a larger beating. So, for example, if you look at the tech stocks like netflix right, it's probably down, like i think, 60 70 from the high.

So if you look at amazon right down from a 3800 down to about 2000 was the almost 2000 was the new the recent swing low. If you look at google, okay from three thousand plus three thousand fifty dollars down to a low of about twenty one hundred dollars, so you can see a lot of these tech stocks are taking a beating right now. So what not to do right now! So in this type of market condition right, the last thing you want to do is to buy stocks in a downtrend. So let me repeat right: i'm going to write this down because it's important right when, when stocks right are down right, don't buy at least from a trading standpoint.

If you're investing right, you believe in the fundamentals of the company, fair enough, go ahead and do. But here is from a trading standpoint: when the stocks are trending down, lower, don't buy right. Why do you want to buy stocks in a downtrend right? Just because you know those are popular names which you are familiar, let's say one two year ago, when it's rallying really high and now it's down right, doesn't mean it's a good time to buy, because stocks in the downtrend what's likely to happen is that they are Likely to continue down lower okay, so what you want to do instead is to actually buy stocks in an uptrend. You might be thinking marina.

You know which stocks are in an uptrend right now, man, all the stocks, are all pretty going down to right. There's no more stocks in the uptrend uh; well, not quite right, because uh, i'm gon na share with you this uh this technique that i use right. So i use this tool right now. This finn, this tool - it is absolutely free, just go down this look for the screener, it's free.

So what i like to do is that i like to look for stocks right there break out to new 52-week higher right every single day right, okay and i do have an additional filter here, just basically stocks that has at least gone up 100 over the past. One year so, every day i just scan this screen and you give me a list of stocks right. So these are the list of stocks right that i've scanned right now and these other stocks over here. Can you guess what industry of stocks are showing up right? Now on my radar right take a guess: one: two, three: okay, let me tell you so the stocks that i'm seeing up right here is actually stocks right from the oil and gas industry and it shouldn't come as a surprise.

Why? Because the russian ukraine war conflict? That's one uh now that kovac restriction is starting to, you know, ease right. You know airline is flying back again. There's a demand for all oil prices. Are, you know continuously going up so oil and gas industry.

They are doing fine, so to kind of like prove it. I'm just going to highlight my cursor over here. You look at cv, cenover's energy. This is an oil and gas uh integrated whatever, whatever uh.

I think it's probably integrated together. Okay! So that's in the industry! It's in right, if you look at kos right, oil and gas right, cosmos, energy. I look down at next right: oil and gas equipment services. All all is oil and gas.

So where am i seeing all this look at the boxes popping up right there overwrite. It writes oil and gas erp. This is your erf, sorry, oil and gas again right, so you can see that a lot of all these stocks coming up is in the oil and gas industry. So this means right that what you want to do right now is to actually buy stocks in this oil and gas industry, because this sector right now is strong right, showing signs of strength.

But the question is not now: which stock do you buy in this sector? Well, you can simply buy off the etf or you can actually choose right. Uh stocks right within this uh sector itself. So right now, i'm going to share with you a few stocks that i'm looking at, which are actually trending up higher. This point right: the stock market in the downturn.

So let me point out to you right now, so the first stock that i want to point out right is actually this one over here dvn. So if you combat this stock over here to the s p 500, you can see it's a it's a huge difference. So if you look at the s p, 500, i click on this smp 500. You can see that it's pretty much in the downtrend, the s b, 500 is making a series of lower highs, lower highs, lower highs.

You can see that. But if you look at the stock dv and devon energy corporation, it's in an uptrend, so you can see that what this tells you - that is, this stock right. It's actually showing signs of strength right, despite this market downturn right now. So if you want to buy stocks, buy stocks which are trending up higher right now, not stocks which are trending down, lower, buy stocks which are going up higher right now, because you're, a trader you're not invested right.

You probably hold this stock for maybe a few days to a few weeks and you're out of fear so buying stocks which are trending up higher right now, because they are likely the ones to continue up higher and by the way. Whatever i'm sharing over here. It's uh, you know educational purposes or even entertainment. If you want to call it right, whether you make money or lose money, it is on your own responsibility cool.

If not, if not, you know quickly stop watching video, stop watching this video, but still hit subscribe. Yeah and you know, move on right so again, it's all on your responsibility, whether you make money lose money, it's all on you right, but if you make money on a share with me, i'm fine with that. But if you lose right, you know the losses. Are yours to bear right so anyway, uh devon energy right? So how can we trade this particular stock right now? So let me share with you what i'm looking for this particular stock, so you can see that this stock clearly is an energy stock like the it's in and up trend.

I just zoom out a little bit. You can see that this stock is making a series of higher highs and higher lows right, higher lows, higher lows, higher lows, higher lows, higher lows, higher lows - and you know higher high higher high high yeah high right. So you get that you get my point and also what i like about this stock is that you know from a little bit of a fundamental basis where you can see that this stock right it has beaten earnings right over the last uh. The last few quarters right this over here is e right.

This means he has speed, uh earnings expectations over the last quarter. This one over here, the last two quarter, the last three quarter, the last four quarter. It us it has, you know, beaten earnings expectations. So that's kind of like a good sign right, because earnings is strong and possibly due to higher oil prices.

So now now that we know that you know this stock is in an uptrend right, the earnings is strong over the last few quarters. The question is: where can we look to enter this particular trading setup? So i want to point out to you: is that if you look at this stock right overlay with the 50 period moving average, what i'm seeing is is this: this stock right tends to respect the 50 period, moving average kind of like tested once twice three times Right and we could come back here for a fourth time, so the area of value, the area that i'm looking to time. My entry into this particular trade is somewhere about here around the 65 to 67 price point. So, looking for a potential pullback right towards this area of value, this area of support and look for a bullish price rejection could be something as simple like a hammer like this right, a hammer.

Okay, something like this right so get this. Then you can look to enter on the next candle open. So again, if for those of you who just want to you, know capture that one swing, the one move up higher? Okay, you can as if we do get an entry trigger and the stock price does goes up higher. You can look to take profit just before there's a recent swing high, thereby just capturing this one swing right in this particular stock.

You know just just one swing, so if you want to look, if you want to know what an entry trigger could possibly look like just look at the pass or price section of this stock, this is what we call a bullish engulfing pattern. This is a a bullish pattern. I don't know what's the name for that, this is uh, something like a hammer, a hammer or dragonfly doji right. It's a bullish price rejection, so you can see that basically, the the stock right has actually rejected lower price.

Closing up higher, so this is what we are looking for as our entry trigger somewhere about here, okay about here right using the 50 period moving average and this uh as an area of value okay. So this is the first stock that is on my radar dv and another uh stock to keep a look at is concord phillips, okay, so this on the 50m is not really too relevant in this case. But what i like about this stock right is that it is a stock right that is uh, it's really strong. So if you look at devon energy, it's a strong stock right, but if you look at it historically over the last few years, if i look at the weekly high, it has still you know not yet you know reclaimed back the highs right set in uh.

You know the 2008 financial crisis still kind of kind of like you know, you know halfway through you know, going back to the all-time highs, but if you look at concoct phillips right so what's interesting is that if you look back right, this stock right is trading At all-time highs right, if i just uh zoom in a little bit, you can see that this stock is trading at all-time highs. It's currently right now, right in the middle in space. Nowhere right, maybe he can go and find elon musk, whatever yeah. So it's in the middle of nowhere right in space, so this stock right is showing signs of strength and not only uh, it has you know, breakout to new all-time highs.

You know consistently right if you look at the daily time frame right, it's also showing signs of strength right, uh in shorter term time frame like over the last few quarters like the devon energy stock, i shared with you earlier. It has beat earnings expectations right over the last few quarters here here here here and here you see all the earnings they're all green color, green color means it has big earnings. Expectations rate means it did not big bid, earnings expectations, yeah so so yeah. So you can see that this stock right short term voice, is showing signs of strength again looking for potential buying opportunities right in this uh, this particular stock right cop uh, conoco phillips.

Alright, i pronounced it wrongly conoco c-o-n-o conoco phillips right. So, where can we look for buying opportunities right so again over here i would say this is an area of failure worth keeping a lookout. This is where previous right resistance resistance, which could become support at around 104. So again, looking for pullback towards this area of value, looking for bullish, price, rejection right and then look to buy, possibly on the next candle open right stops can go a distance below this low and again, if you just want to capture that one swing, you can Look to exit when the price you know re-test this previous swing high.

So again, right, yes, uh, a quick recap right, so, yes, the stock market right now, it is not looking too good. You can see that it's potentially at the start of a declining stage. Right just to bring it back to the stock market chart. Potentially this could be the start of a declining stage, because it has not reclaimed back this uh area of resistance right.

So this could be the start of a you know. Next, wave down lower. That is possible likewise right. The stock market could also right rebound up higher right, so i will get back bullish on the stock market or if it can reclaim back this area.

So if the stock can, if the smb 500 can go up - and you know break and close above this area of resistance, i will have a bullish bias once again, but until that happened i will remain cautious neutral to bearish on the sidelines. I don't want to be blindly, you know firing trades. I want to be selective with my trades and then stuff right now. I mentioned that the key uh sector to be looking out for is oil and gas.

Let's call it oil and gas right and uh this uh the sector is this: is the sector that's performing well right now and you know uh. There are a couple of stocks i mentioned earlier, like you know: uh devon, energy, conoco phillips. These are the stocks which are trending up higher right now, and there could be potential buying opportunities right in the coming days or weeks, uh, hey and by the way, if you are a trader - and you find that you know trading such a manner, you know using Technical analysis, you know, support resistance, is a bit subjective and you you, you know, don't really want this type of approach right there. You can actually consist consider systems trading system trading is a trading method where you can trade using a fixed set of rules right without you know, subjectivity right and you'll still be able to.

You know profit in blue and bear markets even during a recession, so you're going to learn about such a trading method. Where you know you don't have to deal with subjectivity and whatnot. You can actually join me in my free upcoming web class. All right.

It's called stock trading secrets where you'll learn how you can trade the markets right in a systematic manner, right, you'll learn how to actually be able to profit almost every year in the financial markets. You know, regardless of whether it's a recession or a financial crisis, and share with you a very simple stock trading system that has generated about 325 over the last 22 years. So, if you're interested, i just come down to this page i'll, put the link somewhere below this video. All right just fill up this form over here right and you just click.

The orange button sign up and you're pretty much uh good to go right. So the next event is on 26th june. We try to host this once a month right, so you can come down to this page anytime and we update the next event date accordingly. So with that said, i wish you good luck.

Good trading stay safe. I will talk to you soon.