The nasdaq market is now trading above the sma line on the 4 hour time frame after the stock market pulled back the past 3 weeks. We are now showing signs of a recovery to all time highs and as long as we hold above sma, that's a step in the right direction!
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So this is why i think the stock market is about to make new highs. What's going on team, it's ricky with tecla solutions and very quickly. This is the nasdaq index uh. This has an overall focus on the nasdaq market, which has a big focus on tech stocks.

So i would find it very difficult to believe that you had somewhat of a difficult or red day with just today's market conditions, especially if you're invested in tech tesla closed in the green. But then it quickly pulled on back after market hours, amc, um, pton, dkng a lot of the stocks that uh we've been watching for quite some time. Actually, one of the stocks that you guys uh chose for me to invest in pushed up six percent today. So how many of you guys watched that logan, paul and floyd mayweather uh fight yesterday so draftkings was of course a big sponsor.

We saw a big spike up six percent overall. On the day alone, i sold half of my position. So a quick little update for you guys i had a total of 425 shares due to the nice push that we experienced today. I sold a portion of it, but that's just to prepare if it does pull back that i can buy more.

Also, on top of that, when it comes down to my amc position, today was an amazing day for amc very easy right. I have a total of 2 900 shares. We did a very good job holding above the ema line. If you guys remember following up with last week's video, that's essentially what what we were looking for is to see if amc can hold above this four hour ema and continue that momentum as it's a momentum stock right uh.

So i have a total of 159 000 invested. I made a total of 23 000 today uh and the last stock that i want to talk about is tesla, so tesla, of course, being a very popular stock uh. You can see that it shows that it's pretty much break even it keeps going back and forth uh because of how it was up it closed up on the day, one percent, but it pulled back one percent during the aftermarket hours, so it pretty much took it Back literally to where it opened at uh, which is you know where it closed that on friday, my apologies uh one of the other quick updates is um on my fidelity account so today, because of the amazing recovery, a lot of you guys know based off of My video on friday, i bought tesla and then sold tesla and today, as tesla hit lows of. If i'm not mistaken, to hit lows of like 583 585.

I began to load up on it and we can look at this on the one day. One minute chart and you can see that tesla hit overall lows of 582, so i saw it to be a good deal. I began to load up on tesla, not on my weibull account, but on my fidelity account and actually before the market closed. I ended up selling a couple of shares as we broke above that 600 price point why you might ask is, although the overall nasdaq market is showing signs of an overall uptrend, i want to make sure that when it comes down to my tesla position, i only Sold a total of 500 shares right and the reason i did that is, i still have a total of 1300 shares invested in tesla, so if it continues to go up just like the nasdaq market, then we're you know good right, but i don't want to have So much money invested in tesla that if it pulls on back, i have no more money to buy at the lower levels right just trying to set my future self up for success, and that's all this video is there's a lot of stocks.
This upcoming week, they're going to be reporting earnings, so just a little heads up on that, as well as one of the things that we're looking for on the nasdaq market is look at this resistance level that we have. You know experienced before right right around that 14. 000 price point. We pulled on back to the sma line we pushed up.

We pulled back, we validated the sma line, which is this green line right here as a support, and it bounced right up right. It made new 180 day highs at 14 211.. It pulled on back all of tech pulled back. This is why i'm saying this right as all of tech pulled back.

Everyone was freaking out. Guess what we did. Remember all those videos that i made about it's time to buy now for our future self. I invested in stocks like spotify, twitter, pinterest, peloton tesla and they are playing out pretty well as the tech market begins to recover and as we hold above the sesame line.

So we pulled back a little bit last week, but we quickly recovered now we're on our way on making new highs, which is essentially what we did last time, which is a step in the right direction. So it's not that the market has to recover. It's just showing strong signs of a support and showing strong signs of higher highs and higher lows, which is a step in the right direction. So i'm super excited to follow up with tech.

If we continue to see that these overall tech stocks continue to indicate signs of an option, you guys can see that i have nearly a hundred thousand in pton. I have nearly 60 000 in pinterest. My goal is by the time that the overall market hits all-time highs, that i am at least a hundred thousand dollars invested in a t, netflix spotify, twitter, pinterest peloton and the reason why is if, and only if it begins to indicate signs of an uptrend, then That would actually make sense to invest in these companies. So that's what i'm really excited for uh, but of course i have so much money invested in tesla that that's the position that i wasn't super uh eager to have a super heavy position on uh.

So i lightened up my position and i sold 500 shares today. I know the same 500 shares that i bought at that 585 level um and i pretty much just day traded with those 500 shares. So overall uh very happy with my performance on my fidelity account and, of course, i'm super excited to follow up with the overall nasdaq market, the overall tech market and, of course, the hype stocks right now. Amc and gme had extremely green days.

Just know that these two specific stocks come at a much greater form of risk. I wouldn't recommend them for beginners they're, a high risk high reward type of territory, but it's a step in the right direction, validating the ema line as a support and we'll see. If that direction, and if that rally continues drop a thumbs up if you're excited to see amc break and make new highs so all together, i really do appreciate you guys time. I hope that i earned your thumbs up, don't forget to subscribe to the youtube channel and also i'd love for you guys, uh to join our live trading session tomorrow.
I host a live training session every single day at market open and if you want to tune on in click, the second link down below learn a little bit more about the learn plan, profit group and if you find it to be a good fit for you. I'll see you tomorrow at market open, like always, let's make sure that we in the year on a green now take it easy team.

By Stock Chat

where the coffee is hot and so is the chat

27 thoughts on “🚀this is why the stock market is about to blow up! (technical analysis)”
  1. Avataaar/Circle Created with python_avatars Jorunn Berban says:

    Catching up with Rick's videos… what's going on… I see here you got your money back on AMC thumbs up!

  2. Avataaar/Circle Created with python_avatars vidainvestor says:

    Wow amazing position in Tesla but I would not sell any share I think it will 3 to 5x in 6 years

  3. Avataaar/Circle Created with python_avatars Benjamin Ibarra says:

    Anybody recommend a good book for learning about the stock market ?

  4. Avataaar/Circle Created with python_avatars Cozy says:

    Idk about this one man, the CPI update tomorrow will most likely throw out the market

  5. Avataaar/Circle Created with python_avatars Max Hamilton says:

    I just bought 5 more AMC as my morning routine for a while.

  6. Avataaar/Circle Created with python_avatars Sj B says:

    Thank you for your stock education. I enjoy listening to your channel. What are the perks of becoming a member of your channel via membership?

  7. Avataaar/Circle Created with python_avatars Clandestine Merkaba says:

    Any chance you'll make a new video about GME- since it's obviously one of the biggest movers right now, and has a ton of news and sentiment surrounding it? You'd probably get a lot of views on it at least.

  8. Avataaar/Circle Created with python_avatars mrPmj00 says:

    – Stocks for the next 5 years: Amazon, Apple, Facebook, Microsoft, Netflix. Disney and Wells Fargo for the recovery__________

  9. Avataaar/Circle Created with python_avatars Stocks Now says:

    Check out BMTC, EH, POLA. Nice Demand within these Stocks right now!
    Good accumulation day for the Markets in general. Small Caps being a
    Beast! Best Sectors: Technology and Health Care. Best Industries:
    Software and Bio Techs.

  10. Avataaar/Circle Created with python_avatars newg guy says:

    sorry but your all over the place, one day you say the stock market will crazy then the stock market goes crazy, sorry but unless somebody makes very fast trades i see alot of people losing money, unless you have a great idea how everything works the average person will not make much, most people dont want to risk 5k to make 50 to 75 dollars that just isnt enough, but if you have multiple streams of income thats differnet

  11. Avataaar/Circle Created with python_avatars Juan Lopez says:

    I was so close to selling a portion too, but I Im glad I didn’t

  12. Avataaar/Circle Created with python_avatars Serbest Oyuncu says:

    First there was an ICO boom, then Defi, then NFT, and now everyone is crazy about RJV12 algorithm

  13. Avataaar/Circle Created with python_avatars Furkan dimişgi says:

    RJV12 algorithm is the best, there is no point in arguing with this

  14. Avataaar/Circle Created with python_avatars Rahmancan Değirmenci says:

    Yes Yes! Read everything, and then say that you did not know RJV12 algorithm!

  15. Avataaar/Circle Created with python_avatars Mehmetcan Helvacı says:

    Why worry about cryptocurrency quotes if there is RJV12 algorithm?

  16. Avataaar/Circle Created with python_avatars Caner Nehir says:

    is there really still a person who does not know about the existence of RJV12 algorithm?

  17. Avataaar/Circle Created with python_avatars SpyderRios says:

    I have a similar play to yours. Not the same stocks but the same concept. My big plays are Blackberry BB and Nio. Both are doing very well right now.

  18. Avataaar/Circle Created with python_avatars mmarlaire says:

    Got 1k shares @13 of AMC and I'm not selling yet. Let's squeeze this baby

  19. Avataaar/Circle Created with python_avatars JONNNz Ecommerce says:

    Does he no longer use think or swim to day trade? If so why?

  20. Avataaar/Circle Created with python_avatars MarQetFlow says:

    Well done, you are an inspiration to all of us!! keep it up!!

  21. Avataaar/Circle Created with python_avatars Jeff in Texas says:

    AMC may be heading to $60 before Friday – Open Interest on June 11 calls is high.

  22. Avataaar/Circle Created with python_avatars Stock Tactics says:

    Hey Ricky, what days are your moving averages? Love ur videos!

  23. Avataaar/Circle Created with python_avatars Michael Patrick says:

    THESE DAYS IF YOU'RE NOT SPENDING TO RECOVER,THEN STOP SPENDING 💰

  24. Avataaar/Circle Created with python_avatars Watchout Media says:

    Wow That IXIC nasdaq index looks interesting, could be another kind of angle in looking at general dips of overall tech stocks. Looking forward to your next video.😀

    Wondering what's the settings on your green SMA-line 200 /180 perhaps? 😀

  25. Avataaar/Circle Created with python_avatars Tier 1 Patriot says:

    This is why $BB is mooning with $AMC tomorrow. Hopefully BB first then AMC for my sake

  26. Avataaar/Circle Created with python_avatars Hola! MegaBurge1 says:

    << It's no secret that BTC movements pretty much dictate traders' general feelings, even if it means cheering for its price to stabilize. Usually, I get infos like this from Rado Bryan and in a way he confirm that investors expect altcoins to crash if Bitcoin continues to move below 5OK USD. This may be the primary reason for the lack of confidence in Ether longs. Seeing a crypto has tanked and predicting there is a greater chance of it rising before it has passed the day moving average has failed for me on several occasions, finding the right entry and exit point on my own did not workout for me but I got better and my actual portfolio was multiplied by 5 In two months after getting associated with Rado Bryan a personal coach of Crypto;Tribesmen showed me how to navigate and exploit crypto to my advantage despite the volatility. One can write to Bryan on Tҽʅҽgɾαɱ @rado_cryptobase there is the realism of winning and losing but the losing does not hurt too bad because I recover quickly by making smarter decisions.

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

    PLEASE IGNORE THE FAKE COMMENT PRETENDING TO BE ME. I DO NOT USE WHATSAPP & I NEVER ASK YOU TO MESSAGE ME! ALL MY REAL COMMENTS HAVE A VERIFIED CHECKMARK!

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