Hey: what's going on team, it's ricky with tech, but solutions. I hope that you guys are all having an amazing thursday, so just an absolute crazy performance today, i'm sure a lot of you guys have seen uh tesla stock alone, nearly hit highs of 700. A share uh with i think it hit highs of 697.. One of the things that i wanted to quickly point out is first off.

Congratulations that everyone uh to everyone that part took in it uh. One of the things that i decided to do is, i definitely decided to sell a little bit too early on tesla um. I wanted to cover a couple of questions. I've been getting.

A lot of people are asking me if they should sell again. My mistake was selling early because i saw an opportunity in another area and it definitely didn't play out according to plan uh. It is what it is. What i wish i would have done better and again, just sharing from my experience is, i decided to sell all of my position right so as tesla continued to uptrend, as it was still showing signs of it being bullish.

I missed out on that play um. Is there fomo and stuff like that, like yeah, i still sold for a profit, but i missed out on potential profit, and one thing i could have done better and again just sharing this with you guys is. I could have not sold my entire position. A lot of you guys know about that.

So if you are concerned about tesla pulling all the way back and you're thinking about selling your entire position, i want to remind you that you don't have to sell your entire position being able to liquidate 25. 50 of your position, and still allowing to you know, give it some wiggle room that if it does continue to uptrend, then at least you're able to partake in that action without worrying or getting fomo right. One of the things that i do want to point out is on the four hour time frame. It looks absolutely amazing.

The ema line as of right now is down at 650, a share hitting the resistance level at 700. This was a previous resistance level that we have experienced before with tesla, so not very surprised that it got rejected there right now on the one hour time frame. One thing that you can see is that it's testing support level at the ema line. These are technical indicators that are just to be used as a reference now the sole reason on why you buy or why you sell, but one of the things that i would really look out for is if we begin to trade below six 675 and break below That ema line, then it wouldn't be much of a surprise if we pull on back down to the previous resistance level that can now act as a new support level and that's right around 630 a share.

So again, when asking the question: should i sell my entire position? Should i liquidate a portion of my position? I think that as of right now, tesla is still bullish. If it breaks below the ema line, then yeah that's a little bit more of an indication of a potential pullback, i wouldn't say so much of a crash, but because it's been doing so so well, it wouldn't really surprise me if that momentum continues. So i wanted to congratulate everyone that is still holding and again it's all about position, size right and i feel like when you're not so fully invested. When you just have some skin in the game.

You know you don't become an emotional mess and just make sure you balance out your position that you feel motivated to follow up with it and that if it does pull back that you're not freaking out - and i think that this is a self-evaluation you can do For yourself, so again, really looking at the ema line really looking to see if we bounce so i'm going to set an alert here or if we break below and then looking for the potential support at 6. 30.. Also setting alerts that, if we do bounce off the ema looking for that break of resistance at around 700 a share and seeing if we can go back to the 720, then 750 and then like the previous resistance, was right around 780.. So what i do want to follow up with is my amc position.

Today i decided to buy a little bit more of amc and as of right now, one of the articles that i read and i'm sure a lot of you guys are aware of this - is that as of right now - and it's still present - is that on average Amc over 80 percent is held by retail investors, which equates to about 120 to 130 shares on average per trader. I'm personally holding as of right now, 3 200 shares. So is this something that i would recommend for everyone, of course not amc. In my opinion, and again it's just my opinion is definitely viewed as a riskier play um on the fundamental side, but on the technical side, it's still doing a very great job holding above you know that sma line, which is great for a lot of traders.

We are trading below the ema lens, so i would like to break above that and hold above 60. But again you can't win them all. As of right now, amc had a 2.7 loss and it's still and it's currently down about 0.63 after market hours. So we've seen huge days with amc, gapping up 10 20, so it does suck to see - and this is what i'm here to share with you.

It does suck to see that you know, i part, took an amc and we did really well two days ago right. I made 21 000, but now it's pulling back a little bit. It's testing support level, but really looking at it. It's only down three and a half percent.

We've had five 10 15 20 days, and it's like. We can't always expect green days. We're still looking very good on the technical aspect and it still looks like a lot of people are holding, so i'm just super excited to follow up with it. If we do break below the estimate line, i might rebalance out my position, but i wanted to provide you guys, an update, not just on my green days, of course, but on the red days and letting you guys know that you're definitely not alone.

One of the things that i wanted to talk about, lastly, is ixic, which is the nasdaq index. You guys could see that we are at all-time highs for the overall nasdaq market. Um it's at 14 414 is what it hit as of today, and if you look at this on the one hour time frame, we are peaking. So it's super important for you to understand.

You know that this thing can definitely continue to uptrend, but it is showing signs of a resistance. Now. The question that everyone has been asking me is: i i used to trade etfs all the time i still trade them and i'm definitely paying attention for a potential reversal right on the nasdaq market. Um.

You know a lot of people don't know, and i'm not too sure if you guys know this, but you know the nasdaq market is bullish right now. It's still trading above the ema line on the four hour time frame, as you guys could see, a lot of people are asking me: is it time to buy sqq right, sqq is an inverse etf, it's triple leveraged, and that means that it goes up when the Nasdaq market goes down because it's triple leveraged, it does decay over time and it moves three times of what the market does. So if the market pushes up, one percent sqq drops three percent, but vice versa. If the market drops one percent sqq gaps up three percent, the market is super bullish right now, and a lot of people were asking hey ricky, because you sold all of your positions all of your long positions.

All of your bullish positions on these blue chip stocks have you bought into sqq, there's a difference of selling your position during a bull run and then right away getting into something of like an inverse etf by me selling my position. You know i locked in my profits and although i am missing out on the rally, i'm not losing any money right when you get in too early into these inverse etfs, especially when it's still showing signs of it being bullish. You're just putting yourself in a very hopeful and unfortunate situation. I do agree with you.

I think everyone with very simple background and technical analysis can say that the nasdaq market is not cheap right now, but it's also not bearish. It's still holding above that ema line and still showing signs of it. You know making higher highs and higher lows, and why would you go into it so early when there's no indication of a reversal, i mean that's pretty much. What i'm looking at, i did add.

Sqq back into one of my main watch lists, and i'm just excited to follow up with it. Would i go in with a position right now, because it's triple leverage and because it decays, my simple answer would be no, especially for beginners. I just would hate for you guys to enter a hopeful position right now, because the market's overbought and then just see the market pull on back and you end up taking a small loss on sqq, hoping that it was going to recover. But it just continues to bleed as of right now.

You know you never want to bet against the market, especially during a bull run, so it pays to be patient in this market and it pays to be patient when trying to trade against it. I'm not here to try to time the market when it comes down to trading inverse etfs, there's a big difference. In my opinion of locking in profits. You know.

Yes, i sold early, but there's a big difference of putting myself in a position where i can end up losing money if the market continues to rally and that's what i wanted to share with you guys i have my alerts set. I have it in my watch list and all we ever ask anyone to do right is, if you see an opportunity presenting itself just follow up with it, and stay patient, wait for that confirmation of a pullback of a reversal. Whatever that looks like to you uh for me, i'm looking for the nasdaq to break below uh that ema line, which is right around 14 300 and to see if we actually begin to pull on back with that, i might take a light position on ask qqq. So i really do appreciate you guys time.

I hope that i answered all of your questions. I provided you guys with an update on amc. I wanted to answer your question about. Is it time to take a trade on sqq and then also congratulate all of you guys that part took in that tesla trade? One of the things that i was thinking about making uh when it comes down to videos is a lot of people are still asking me how to navigate through the weeble app and they're asking me.

How can you scan for stocks? So i was thinking that on saturday i can make a new video on how to scan, for let's say, very cheap or oversold stocks. If you guys think that i should make that video, all you have to do is drop a thumbs up and i'd love to make that video for you guys. So again, please consider subscribing drop a thumbs up if you guys enjoyed or learn something new and if you guys want to watch our live trading session as soon as tomorrow, at market open. I'd love for you to join us and that's that second link down below.

Like always, let's make sure that.