Hey what's going on guys, it's Ricky with talk about Solutions Hope that you guys are all having an amazing Sunday I Do apologize for the later live stream it is 8 50 p.m here in Arizona I'm going to go ahead and start sharing my screen so you guys can see exactly um, you know what it is that I'm looking at I Hope that you guys learned something new and if you do, please consider dropping a thumbs up and subscribing to the channel if you feel like we earned it. So let me go ahead and here we are: let me know in the live chat. once you guys can see everything on my screen uh for those are a little bit newer here. If you want to partake on that live chat that you see on the right hand side, if you're on desktop, all you have to do is drop a thumbs up and subscribe to the channel.

It's only people that are subscribed to the channel that can partake in the live chat. So we keep things very simple here. If you want me to break down whatever stock it is that you're interested in buying, feel free to share it in the live chat. All I ask you to do is to you know, post the ticker symbol and I would be more than happy to break it down.

So let's go ahead and kind of talk about where the NASDAQ Market is right now. So for those that are unaware Nasdaq futures do open before the market. We can see Nasdaq futures as of right now from uh, you know where they were on Friday's close. Uh, we closed very high at 13 300 for Nasdaq and right now we're you know, testing our support Right around Thirteen thousand, Twelve hundred, right? So a little bit of a pullback? 0.65 percent.

This is where NASDAQ Market is right now. One of the things that I want to remind you is that there's many, many times that the market can be in the red right now, but by the time the Market opens, it doesn't have to be right. Obviously for the past two weeks now has been on a consistent like green streak where it's had an amazing uh previous two weeks. we could see from overall previous lows of around 290 to surpassing previous highs of 315 and currently trading at 321 or hitting highs of 321 aftermarket hours for Nasdaq right for QQQ.

So as of right now, if Market were to open obviously it would be down. Tqq would be down you know, three times of the 0.65 to about 1.8 percent. But again, I mean Tqq has done an amazing job with its recovery. I Don't think we would be surprised if it pulls back a little bit.

but remember, a pullback is not the end of the world. A pullback is not a crash and that's just one thing that I want to remind you right? We're still far above the moving average. We are far above the EMA. It wouldn't surprise me if we see the little pullbacks along the way.

It's really when we break below the moving average that that would be more like a red flag of like okay, you know we are potentially seeing a change of Direction So at least for me, it's very important to kind of like slow things down. and instead of always looking at the one minute or the five minute time frame, to not being afraid to take a step back and look at the one hour and maybe four hour time frame to get a better understanding of the bigger picture of you know what the market is doing as of right now. So we have Christian asking me to break down RCL And as you guys can see, Christian posted his stock and uh, his call out in the ticker call out format. So I'd be more than happy to break that down for you and let's go ahead and do it.

So that's going to be ticker symbol RCL We can see that that's Royal Caribbean Uh, based off of recent patterns, Uh, it hasn't been performing too well, right? So we were at previous size of 951, but that was back in 2021. We aggressively sold off hit lows of 32 dollars and we've been making higher highs and higher lows ever since then. I Can see what you see right, uh, what, and why you're paying attention into it So it looks like it almost has this ascending uptrend pattern. I'll see if I can draw it out here for you.

It's a little bit easier to see right this upward staircase pattern. It's kind of like a textbook setup and I'm guessing I'm looking at your plan around your desired entry is 65.35 which would mean that you are waiting for confirmation of this reversal, right? So I think that's a good step. Uh, the Macd the RSI those all look Fair My biggest thing is you know if you do choose to enter for this potential reversal, just make sure that you have an exit plan if it ends up, you know, actually getting rejected and then breaking below at support, right? So what would be a break if pattern here? Well, obviously if it pulls back breaks below the support at sixty dollars and then begins to sell off to the moving average. At that point, it's no longer this ascending uptrend pattern.

At least it's not the pretty picture of a sending up Trend pattern, right? So as of right now we're testing that reversal. We have previous highs of 75 dollars and it looks like it has decent upside, right? It's from where we're at right now. Back to 75. I Mean we're talking about nearly a 16 return in a perfect world.

Obviously there's you have to leave margin for error, but I do see what you see potential in and that's on that overall reversal. So I like the setup I like the idea behind it. Now it's just can you manage your position size effectively and waiting for that proper confirmation of that reversal? That would be the magical question. But just like you know, you're preparing to make money again.

Your job is also to mitigate risk, right? So where would be your your stop loss or that form of risk management If things begin to go south. That's the only thing that I do want to remind you. Okay, let's go ahead and move uh, on to the next one. So again, if you want me to break down your stock, uh, just feel free to share it in the live chat I Want to see if anyone else posts it in the tick or call out format? Um, Let's see, we are uh, what is that Ronaldo So ZTS let's see, let's break that one down.

ZTS Here we go. So on the date chart, this one's a little bit more inconsistent, meaning that it was on a consistent descending pattern since it peaked. Yeah, that that makes sense back in 2021. Um, at the end of 2021 and it's been selling off ever since then.

I Would be very careful with this just because it's in the very early stages of a potential reversal. I mean I Think it's done a beautiful job from its lows at 126. it's now trading above the moving average. It's trying to find its support here and seeing if it can actually begin to make higher highs.

The thing that I would hate for you to experience is that you go in here thinking that it's going to begin to recover and then it gets rejected and then goes back to sell off, right? So you have to understand that right now the only reason that this would be a con a trade worth considering is because of its progress. But if it breaks that support, it breaks that break that that you know ideal pattern and then at that point I would completely get out of it right if it breaks below that 160 support. I Mean to me that's a break of pattern. You know that that opportunity is no longer really presenting itself.

So I would just be very careful with that, right? But as long as it continues to hold above this and then it tries to surpass its previous resistance of 177. I Do see what it is. You know that you see potential in, but again, I mean the first resistance here. it looks like it's testing that previous resistance level and then right around 190 to 200.

based off previous patterns, you know it's going to be a challenging road ahead. But I I wouldn't say that this is the easiest setup. but I do see potential in it if it continues to make higher highs and higher lows. So all right, can you break down C C out? Yeah, so that's Carnival Cruise Line Right, let's go ahead and break that one down.

so Carnival Cruise Line and again. Um, you guys can feel free to share your thoughts down in the comment section I'm just sharing it based off of you know my experience. One of the things that I want to remind you is that I feel like when I first got started. um I would try to focus on stocks like this where they were so cheap and so oversold and I would look at previous price points and just be like well only if it.

you know it only needs to go up four dollars or you know from ten dollars it just needs to go to 20 and I'll double my money. It's very easy to get caught in that idea or that thought process. I Wish I would have just kept my trading more simple when I first got started and there's one very simple thing. Market Direction It's a very simple question you can always ask yourself, are you missing out by not being invested and the very simple answer for Carnival Cruise Line The answer is no right because based off of recent patterns, you are potentially saving money by not being invested because it's been so consistently selling off and again I can only speak from my experience but I know that I was very hopeful when it came down to these plays right? and I don't know if any of you guys have ever made that mistake before, you know in your experience.

But but as of right now I feel like Carnival Cruise Line has a lot to prove. Meaning that before you just throw your money at it because it hasn't necessarily made new lows, you know since last year that you know this has to be the bottom. No, not necessarily. If things do happen to get worse, then you can put yourself in an even more challenging position, right? So Market direction is super important and as right now I just you know we are trading above the moving average, but we are not necessarily making higher highs and higher lows.

Are you missing out by not being invested? And in my opinion, the simple answer for this one is no right? So I would I would personally stay away from something that on the bigger picture and the larger time frames consistently offers a descending pattern, right? It's a very hopeful idea. An example um, that I can give you is Carvana. I mean Carvana is dirt cheap, right? If I hit lows of 3.55 cents right now, it's at nine dollars. It was previously trading at 376 dollars.

For someone to think that oh I'm just gonna. You know it just needs to go from 9 to 18, right? Just nine dollars. It just needs to go up nine dollars. But do you not understand how much it's lost already, right? It's just Do Not put yourself in hopeful positions when it doesn't have a history of Performing Like that, right? It doesn't show anything.

You know. it's not just like oh. I Hope that this happens. It's not even showing indication of higher highs or higher lows, right? So um, again, just just I hope for even just one of you, right that is watching this, you can really take that and and not make the same mistakes that I've made.

So please break down Tqq. Is it oversold I Wouldn't say oversold. Uh, we can definitely break it down. Uh, we broke down.

NASDAQ So I feel like I mean I don't I wouldn't be performing a technical analysis on Tqq? Uh, Tqq is a triple leverage ETF and because of path dependencies again, it's not something that you really want to put yourself through. Uh, you would want to analyze the one for one ETF which is QQQ Tqq. Anything that's triple leverage because of how it gets rebalanced every day. It's very different, so the analysis would have to be done on QQ Cube Just a friendly reminder, right? But when you look at this, you can see that it is extremely overbought, right? If you look at this on the four hour, look at the RSI look at the Macd.

But one of the things that I want to remind you is overbought. Doesn't mean that it has to crash. Overbought. doesn't mean that it has to pull back right away.

Right now, we're in a very interesting time right where if any good news gets released, if anything, that can cause a further positive Catalyst for the market gets announced, the market will continue to Rally right? Things get factored in right away and so as long as you understand that, then it should be very clear to make sense that although I do think the market is overbought, the market was overbought last week, right? and I think that's why I got caught in such a rut of Market has to pull back. But at the end of it, right? we focus on one thing and that's Market Direction And as of right now, Market is still bullish. But yes, it is overbought, meaning that it wouldn't be a surprise if it pulls back a little bit. So again, it doesn't surprise me that Nasdaq futures are down 0.64 percent because I mean it had an amazing two-week run.

Just there's there's a big difference from a pullback to the market actually reversing right? and that's what I want you to understand on this one hour time frame. It's very easy to see that even if we do pull on back, look at all the range that it has to pull back to all the way from 321 all the way down to 310. it can lose 11 per share and it will still be trading above the moving average, right? That is huge margin to work with. There still would not be a break of pattern even if it pulls back and sells off and loses 11 per share.

That's what I want to remind you So let's go ahead and move on to the next one. BAC What's going on Kashan appreciate you taking time and joining us for this live session. Again, if it's not too much to ask, hopefully you guys can drop a thumbs up and of course subscribe to the channel so hopefully you guys are having a good weekend. But yeah, Bank of America obviously has not been performing the best.

Um, we We've been talking about this with our Lpp team. Um, you know, if you are someone that believes that banks are sound and resilient, right? Just like the Federal Reserve says, if you truly do believe that banks will recover from what happened after Silicon Valley then this is a huge opportunity for you, right? Because banks have now recently pulled on back even if they were cheap. I Mean they got significantly cheaper that even if they just do recover to where they were at I Mean for Bank of America it offers nearly a 22. Upside: The simple question to ask yourself is, do you want to take on that risk Because can things get worse before they get better, right? It's not like Bank of America has been an amazing performing stock but hasn't been horrible.

And if it does recover from where it was right before that Silicon Valley Scenario right? Um, there is over 20 upside based off of previous highs, right? And that's just if it returns back to that 35 price point currently trading at 28.50 I Think it's going to very be very interesting to see with not just Bank of America, but we have. you know, big, Uh, big banking institutions like also JP Morgan A little bit more of a I would say in my opinion, more of a quality banking institution it's known as to be a little bit larger, right? isn't it? Let me double check. So yep, it's a little bit larger. JP Morgan Um, and we can see that this one also pulled on back right.

but they're almost showing signs of a potential reversal. So I Do agree with you that they are worth paying attention to because if we do see banking stocks beginning to recover, then again, it's an opportunity. It's an edge. It's something that doesn't always happen.

Banks are not always in fear of failing like how they are right now, right? So if you are someone that wants to bet that the market will not crash that you will bet that the market will get better and that banks will recover, then yes, there's huge opportunity for these Bank stocks to recover. Um, if they actually do right, But obviously if things get worse before they get better, then that's the risk that you're going to have to manage. Um, I'm paying attention to them I Don't have I Didn't buy the dip on anything like Bank of America or JPMorgan yet, but the idea does interest me. It's just something that I have to take a little bit more time to learn more about and or just waiting more for confirmation of that reversal.

So let me know what you guys think about that, so can you please review Nee What's going on? Josue What's up? What's up? as long as you give me a little thumbs up. So here we go. All right. So on the day chart I mean this is as textbook as it gets for a horizontal pattern, so can I see a show of hands in the live chat? What is your favorite pattern to trade? ascending uptrend pattern descending I Don't know if you're crazy and you like trading descending patterns I Guess if you like to short right or a very popular one is like this one, this is a horizontal pattern and what we mean by this is that I mean within larger time frames, it's very easy to see.

You know the low points, the high points, the low points, the high points. the you know support Range Resistance Range Support range. It's forming a reversal resistance range and this is where that idea comes in place of. You know, not every single time does it fully recover, but even when it does become this oversold, it goes back to retails, comes back to retest, the same support goes to retest, and then you know once it does end up making it here, it doesn't normally hold Above This 90 price point and it retraces back to this 70 support.

So as of right now, oversold, overbought more on the oversold side and it's forming this reversal. So I 100 See what you see in the sense that you know it does have potential for it to recover. All I would ask you is I mean at least what is this? At least since last year it's been trading within this range. Remember, patterns tend to repeat themselves.

They do not always have to, so it looks like you have about 11 upside. Just make sure that you take your downside risk into consideration, right? If it breaks below, you know 66 dollars, Are you gonna, you know, cut losses? Or are you going to cut losses at 72, right? Or for the break below EMA that you get out there right? It's just very important to make sure that you understand that just because it's done it before, doesn't mean that it always has to continue to do that right. Eventually, it will break either above or below that pattern. So let's go ahead and break down the next one.

So we got Ali asking for shop I think that's Ali or Ali I'm not too sure. so uh, we got shop here. Um, shop would be a very similar setup to something like Carnival Cruise Line or Carvana. Unfortunately, I mean I love Shopify I think it's an amazing platform I Think that this is going to be a an investment that if you believe in the company and what it's doing, um, maybe in years to come right? As of right now, it's really struggling right from highs of 176 because of its amazing growth that it had back in 2021.

Thanks to the Stemi checks and the pandemic, right, we gapped up and we became very overvalued 176 the 2020 pullback, 2022 pullback, and right now again, if you can take a step back. if you're part of my LBP team, you know exactly what I'm talking about. with the three stages of a reversal, right? There's the rejection phase. There's the consolidation phase and it looks like we're almost beginning to make higher highs and higher lows.

but we're just not there yet. There's huge upside potential, but again, things can always get worse before they get better. So you have to have some form of exit plan. But as of right now, um, you know I would just be very careful.

I mean it looks like ever since it hit lows of 23.64 or 63, it's been trying to make higher highs and higher lows. The question is is, can it continue and can it hold Above This Moving average because when it pulled on back I mean even that pullback from 54 all the way back down to 39? that's a significant pullback. so I wouldn't view in my opinion. I mean the way that I would view Shopify is something that if you can tolerate the time that it will take for the market to recover I wouldn't be super crazy about your position size.

you know it's still very early in this potential reversal, but I wouldn't be afraid to. You know? Um, you know, take a little bit more time look into Shopify see if it's something worthy of investing long term I don't see it something I don't see it to be something that would yield a a really large return in a very short period of time. Things are still very choppy and un, you know, uncertain in our current you know market. So one two three four five, six seven eight, let's go ahead and do two more.

So again, if you want me to break down your top stock all I ask you to do is drop a thumbs up, subscribe to the channel um and would be more than happy to break it down for you. So uh, we got Ronald asking me to break down Nvidia So let's go ahead and break that down all right. and then you can ask me to break something else down in the live chat. So uh, Nvidia has been in a probably one of the best performing stocks for 2023.

I would have to say uh Nvidia and AMD are nearly back at previous all-time highs. I mean not really. it's still. you know from 3 46 right now it's at 277.

but if you look at recent patterns I mean it's been doing very well. I mean from lows of 108 dollars, it's nearly, you know, tripled right? So it's amazing to see it's an amazing performing stock as of right now. The video is a great quality company, right? It seemed to be very uncertain when things were happening with the chip shortage and all of that. but now Nvidia and AMD Um, you know these look like they're sound and resilient, right? Obviously, they are overbought based off of recent patterns, so I wouldn't be surprised for a pullback to the EMA right? So when it does anything, anytime that something rallies, it always tends to pull back to that EMA line.

So if you are looking for a long-term play and or you know a better entry, I wouldn't necessarily say at these levels it would make the most sense as we're very overbought. I Would say pay attention to it. wait for that opportunity as we get closer to that EMA and as long as it continues within holding above that EMA and that pattern still looks bullish. Then again, Nvidia looks like a not just good short-term play, but a good long-term blame at least.

I Would have to say that I think that it's really exceeded a lot of people's expectation for 2023.. All right, let's see. let's see. But also, we break it down.

Oh one of the things, uh, let's let's end it probably with a lot of people have been asking questions about Tesla. Uh, Tesla's kind of been struggling as some of the Market's been recovering. Tesla's been struggling being able to break above and hold above this moving average. So I'd be very careful with the market as the market sells off.

then be very careful with this. Also, an article just came out about Tesla's deliveries for Q2 so please make sure that you are aware of that and how that could affect Tesla's stock price. uh, by market open. but again, the way that I view Tesla is it's something that's a long-term play If you're someone that's playing with um, you know I guess shorter term plays.

Uh, you can try to work with Tesla because out of every other company that trades in the hundreds of billions when it comes down to market cap, I would say it's the most volatile. but based off of what Elon has in place for it and what certain expectations are with the Optimus robot, it's to be said that you know Elon stated that he believes one day Tesla will become the most valuable company that's publicly traded and at that point it would have to be at three to four trillion dollars. And as of right now, Tesla sits at a 600 billion dollar market cap. which means that it has a lot more growing to do so.

The way that I would view Tesla is not necessarily A short-term play, but more of a long-term play. So yep, uh, feel free to send me a direct message. uh via Discord So we got rocking this thing. What's up, What's up? So yeah, if you have any questions, you can shoot me a direct message.

uh via Discord if you already sent me a message. but I haven't responded this weekend. I I was a little delayed with some of the messages. just send me a period and then it should bump it up.

uh in my, you know if I accidentally overlooked that message. So um, let's see. See you at Market Open! What's going on? Cameron What's up? What's up? I will. So I will see you guys all tomorrow at Market Open for our live session Uh, but again NASDAQ Market just slightly in the red, but again, just because it's red right now doesn't mean that it's gonna open up in the red.

I've seen it many times where it can be in the red now, but by the time the Market opens, the market has recovered by then. Um, so just make sure that you pay attention to it during that pre-market session and that we understand currently where we sit. And although we are overbought at least from my mistakes as of last week, I'm going to just make sure that I don't over complicate it and that you know if Market direction is bullish to go with the flow instead of trying to fight that overall trend. So very excited to follow up with you guys tomorrow again if you guys want to be able to watch me tread live as soon as the Market opens.

Uh, that's going to be the second link in the description down below and I will see you tomorrow at Market Open for our live session. So like always, continue working hard to continue following dreams. Let your passionate judging your success. And if you have any questions, shoot me a direct message via Discord That's the first or third link in the description if you prefer to message me on Instagram and please please please I want to remind you I will never message you first.

there's a bunch of fake accounts here on YouTube There's a bunch of fake accounts on Discord through email through Facebook through Instagram that will try to message you pretending to be me that will say that I will manage your money I don't do any of that I offer one service and that's to watch me trade live every day. That is the only thing that I offer I offer nothing else I have no other you know? uh, what's it called social media accounts I'm verified here on YouTube I'm verified on Instagram I'm verified on Twitter and my team should never be reaching out to you over email for a secret and private or exclusive. uh, chat or something like that. Okay, so if you get any message like that, screenshot it and send it to me via Discord or via Instagram.

So I really do appreciate your guys's time. Um, and like always, let's make sure that we end the year on Agree! Now take it.