Dow jumps more than 500 points as lawmakers reach deal on debt ceiling. Here is a breakdown on the nasdaq market as we finally begin to indicates signs of a recovery!
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So, first off i want to congratulate everyone that has stayed super patient with the overall market, literally like market's, been selling out for about two to three weeks. We all know this that it has been difficult to be able to tolerate this pullback. You guys know that i've been making videos uh every day, as the market has been pulling on back and it's much easier said than done right. Uh, everyone always says: oh okay, well, the market's going to recover so just hold right or buy when it begins to recover - and we say this all the time, but it is difficult because you go through that emotional rollercoaster.

So i just think that you should take time and congratulate yourself that well now the market is actually indicating signs of growth, and now one thing that you should know is, of course the market doesn't have to make a full recovery right away, but we're actually doing Something now that we weren't for the past couple of weeks, um as you guys can see uh the overall market has been pulling back, making lower lows, lower highs and it's been dreadful for those that have been very aggressively invested and even like myself right. I have nearly or over half a million dollars uh and a lot of blue chip stocks and i bought as it's been selling off and today i really stepped on the gas. So as it began to indicate signs of an upstream i'm happy to announce that you know, i bought more tqq on my fidelity account right, i bought more starbucks. I bought more facebook.

I bought more peloton. These are all indicating look at peloton today up over six percent of the day. One of the things that i want to remind you is, i only have a smaller position here on my weeble accounts. I have 31 000 a little bit of a larger one.

On my fidelity account, but i i wanted to take this time and just congratulate you. It is so much easier said than done and it's still not done and we get we're still gon na have our ups, we're still gon na have our downs. But if you are just like now able to breathe a little bit better because of how the market is performing today, um, you know, let's have a round of applause for you right, because it is difficult, but it's the simple things in life that people tend to Over complicate right - and this is no exception, so i wanted to cover a couple different things: um on the four-hour timeframe, you guys know that i've been paying attention to tqqq, which this is the overall bull etf that follows the nasdaq market. This moves three times.

So it's triple leverage of what the nasdaq market moves. So if the nasdaq market moves, as you could see, 1.6 we're up 4.6 right. So it's great! This is a step in the right direction. Now i don't want you to get too overconfident and mean be uh or by be saying that is you know, i don't want you to think that the market has to recover right away.

You could still pull back a little bit, but we're actually doing something right now that we weren't before and not only are we trading above the ema on the four hour time frame, which is a step in the right direction. But if you look a little bit closer on the one hour time frame, we actually just broke above the sma line or the moving average on the one hour time frame, and this is something that ever since it began to pull on back that we were getting Rejected by we were getting rejected by, but as of right now it looks pretty good now you know. Does it have to continue that uptrend? No, of course it can get rejected so make sure you take that into consideration, but this is definitely a step in the right direction and, as you guess, you guys can see it's a sea of green, it's amazing and if you guys love these days, let's i I just i'm so happy for all of you guys. I hope that i earned your thumbs up in this video.
I've tried, and i hope that you can see that from my videos, i've tried to make encouraging videos just to simply remind you that you're not alone with those red days that you know there's even myself right. I tried to show my red days because i figured i'd, probably more invested than than most people right than beginners, and i just hope that you can take from at least my perspective and see how much it was that i was down or how much it was That i had invested um, so you felt a little bit more comfortable or confident with your trade right. So amc is actually looking pretty good right now, so we just broke above 2, 000 uh dollars on the day and we're beginning to trade test that sma line. So we'll see if we get rejected as we normally do or we'll see if we actually break them up, but i'm excited to follow up.

I just wanted to make this video and simply share with you that the the tech market and the nasdaq market is looking good. It's looking like we're making a steady recovery, we're now trading above the estimate line, we're down trading above the ema line. On the four hour time frame on the one hour time frame, we are approaching that potential resistance level at the sma line. So please be aware of that where we got rejected at before, but this is definitely a step in the right direction and finally, we can breathe and if you agree, i hope that you consider dropping a thumbs up and consider subscribing as all i ever like to Do is make encouraging videos to make you feel like you are moving in the right direction.

Not only on your green days like today, but on your red days. Right red days are inevitable in the stock market, and one saying that we have with our lpp group is: if you can't accept the red days, you haven't earned the green days. Let me know in the comment section what you guys think about that, and also let me know, as the market is beginning, to indicate signs of a recovery right, because nothing has really changed. Then we actually talked about this during the live trading session today, where uh today and yesterday, where you know, we see this time and time where the nasdaq market pulls on back and it's due to bad news or whatever the case might be, and then all of A sudden the market begins to recover.
This even happened during you know, covet and there's not any positive news that was shared even during the pandemic right, but it all of a sudden just began to recover, as it became oversold for a long enough period of time. That it established the support level and recovered there's no positive news that was shared today, there's no, no real catalyst that drove the market up, but again this happens time and time again, which is why i always make these videos reminding you to understand the true direction Of the overall market and why it's such an opportunity to take advantage of these deals in a bullish market right it sucks when it pulls on back, but it's those that can prepare for it. That can really make a difference. So i hope that earned your thumbs up, please consider subscribing and if you want to join our live training session tomorrow at market, open, i'd, love to have you and that's that second link down below to learn a little bit more about it.

Like always, let's make sure that we end the year on a green now, take it easy team.

By Stock Chat

where the coffee is hot and so is the chat

32 thoughts on “πŸš€ the stock market is about to skyrocket! (buy more)”
  1. Avataaar/Circle Created with python_avatars Wave Trader says:

    You've got to take into account moves on the DAILY chart to see the bigger picture, not the 4H. Stocks are still in a clear downtrend. Rejected at the 21 EMA perfectly multiple times. Also, QQQ is a the relevant depiction of what the market is actually doing. You are using TQQQ, a 3X leveraged ETF which skews the Technical Analysis of underlying general market and gives false signals.

  2. Avataaar/Circle Created with python_avatars Max says:

    I have saved up about 100k and I'm thinking to do what riky is doing but i don't know where to start. Please help

  3. Avataaar/Circle Created with python_avatars Acog_Warrior says:

    Hey Ricky can we get a follow up with you and your girlfriend about URBN since it pulled back more if you guys sold or bought more shares?

  4. Avataaar/Circle Created with python_avatars Baritony says:

    I heard leveraged trades like TQQQ are very risky to hold for more than 1 day because they reset every day. Is this something you recommend and if so what am I missing? Thanks.

  5. Avataaar/Circle Created with python_avatars Lorenzo Nunez says:

    @Ricky Gutierrez,
    I have a content request. If possible can you make a video detailing how to use the trade and active trade buttons efficiently? Along with this, how to stop loss and set limit orders. This would really boost my confidence when trading to know I am doing it right.
    thank you,

  6. Avataaar/Circle Created with python_avatars Jorunn Berban says:

    You know actually this morning when I opened and saw my stock, it was like pumped green, I touched the sell button and then I said wait, then when I saw your post on notification I did not sell it, now I see your video I am like well well well… I hope not on Monday when the market open all red! I smashed it!

  7. Avataaar/Circle Created with python_avatars julieta matias says:

    smart what you just said is very correct, most of the time fear can really hinder us from achieving things… i remember during the lock down a friend of mine introduced an investment platform to me, my wife rejected the idea of investing on that platform. i only gave it a try with $2000 and today i am so happy with the income i make from that platform….

  8. Avataaar/Circle Created with python_avatars TalesOfTwoWheels says:

    Great video, one question, what is this tool that you are using? Is it TOS?

  9. Avataaar/Circle Created with python_avatars Raul R says:

    I just wanted to thank you Ricky I started watching your videos two yrs ago and started investing. Thank you for taking your time and making videos.

  10. Avataaar/Circle Created with python_avatars Joel says:

    There was a catalyst that drove the market up. It was the agreement with the GOP and Dems to temporarily increase the debt ceiling.

  11. Avataaar/Circle Created with python_avatars Philip Heyden says:

    Venturing into the trading world without the help of a professional trader and expecting profits is like turning water into wine, you would need a miracle, that's why i trade with Christi Lily, her skills set is exceptional..

  12. Avataaar/Circle Created with python_avatars LMS says:

    Had to read the describtion to understand a reason why the market might continue up. But I wouldnt be suprice if we see a wipeout tomorrow of todays gains completely.. like we have seen for a bit now. A huge up day (1-2%) then a fall of 1-2%.. anyway im glad that its moving up a bit but im probably not alone with some positions that havent recovered since the fall of may this year

  13. Avataaar/Circle Created with python_avatars Bennett Carby says:

    had to cut losses on TQQQ a couple days ago now it shoots up and I missed it wtf

  14. Avataaar/Circle Created with python_avatars MRJohnEdgar says:

    What are you talking about dude. it just going to get worse. Seriously. Just a bull trap.

  15. Avataaar/Circle Created with python_avatars Prashant Agarwal says:

    i hope we see 14k nasd so that i can buy more … esp names like amd nvda etc .. most names u mentioned FB pton shid continue to be laggards …

  16. Avataaar/Circle Created with python_avatars JAXX says:

    When he says "now I'm loading up", what % of his capital are we talking?

  17. Avataaar/Circle Created with python_avatars Young Finance says:

    Those 2 weeks were very tough I’m glad we are starting to make a recovery

  18. Avataaar/Circle Created with python_avatars nick calla says:

    Delete I just feel like your message of we're completely out of the woods and here comes the market run coming back is leading people in the wrong direction which may be your right but that doesn't coyeah I bet that doesn't cover inflation is the macroeconomic side of is idavit and deep and the economic issues we have right now

  19. Avataaar/Circle Created with python_avatars Ray Gareau says:

    Just looking at QQQ arent we coming right up onto. resistance of roughly $369?

  20. Avataaar/Circle Created with python_avatars Mistick's MMOs says:

    πŸ˜‚πŸ˜‚πŸ˜‚ Oh yeah, we're projected to have supply chain disruption until Q4 of 22, and inflation is still on the rise, but buy more stocks 🀦🀣🀣🀣

  21. Avataaar/Circle Created with python_avatars Justin L says:

    It's coming. Reverse psychology, most people keep trying to short and keep getting burned.
    But they steady printing dollars πŸ’Έ πŸ“ˆ.
    Inflation = skyrocket
    Not rocket science

  22. Avataaar/Circle Created with python_avatars Blue Lion Finance says:

    Yes, it looks like we are ending the week in green, but there will be more volatility to come. Today, it looks like progress was made on the great debate on the debt ceiling, but we still have inflationary scares lingering on top of what I think will be a VOLATILE November with the FED finally beginning to taper more aggressively! Invest with caution, but invest nonetheless to dollar cost average in as it is best to have time in the market as opposed to timing it.. I am still holding a rather large stockpile of cash for a looming correction!

  23. Avataaar/Circle Created with python_avatars Denis BednΓ‘r says:

    Hey Ricky, I follow you since approximately 2017 and u really encourage me in trading. Thank you for your consistency and support!

  24. Avataaar/Circle Created with python_avatars Jertiger says:

    Ricky thank you for your hindsight in the tech market as always you are the GOAT!!!!!

  25. Avataaar/Circle Created with python_avatars Deborah Jones says:

    Hey Ricky, what is your simple moving average set at, 20, 50 or 200 days? Same question for your ema. Thanks!

  26. Avataaar/Circle Created with python_avatars David Perlmutter says:

    I would continue to be very careful and not be too hasty in buying. The second the Fed announces a taper, which is roundly expected to be mere weeks away, the market will overreact negatively. This point may be a much better buying opportunity than now if you can continue to be patient.

  27. Avataaar/Circle Created with python_avatars Luca Gerio says:

    That pull back cost me 90% of my portfolio as I was all in bull call spreads at all time highd in 5 different tech stocks.

    Went 5k to $500, now am back to 1k on the bounce but still sucks mad.

    My spreads still have time but they will only be able to get me back to 2k-3k if all go back to before the Evergrande news

  28. Avataaar/Circle Created with python_avatars Barry Christopher says:

    My life totally changed since I started with $7000 and I now make $17500 every 14 days

  29. Avataaar/Circle Created with python_avatars Mark Pitts says:

    Lol nearly flipped some of my coins and stock due to panic, glad I never did. Still on cruise control. AwesomeπŸ˜‡

  30. Avataaar/Circle Created with python_avatars joshua leamons says:

    Your videos are the most helpful and informative on the web. I appreciate the info.

  31. Avataaar/Circle Created with python_avatars All eyes on me In o.c says:

    What stock would you recommend to put in $500 to $1000 ?? Newbie here btw

  32. Avataaar/Circle Created with python_avatars Ricky Gutierrez says:

    Please report any fake spam comments. All of my comments have a verified badge like this one! I never message you asking for money or to trade for you! Those are all fake! I never use whatapp! Please report the fake accounts!

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