Yeah, what's going on Team? it's Ricky with type of solutions. Hope that you guys are all having a great Sunday It is 7 20 p.m here in Arizona Uh, excited to be able to uh excited to be able to go live with you guys! I'm gonna start sharing my screen so you guys can see exactly what it is that I'm looking at uh, different, uh topic for the day? Uh. One thing that I quickly want to cover is the question that a lot of people are asking is is the market going to react in a negative or positive way based off of the news of First Republic Bank pretty much failing right? This is following the Silicon Valley bank failure. A lot of a lot of you guys understood that the Silicon Valley being failure I mean Silicon Valley is relatively a pretty small bank, right? First Republic If completely failed right will be the second largest bank in the U.S history to ever fail, right? So this will be Silicon Valley Bank in the the idea of Assets under Management.

So very excited to see how the market reacts. It doesn't look like it's reacting too much based off of Nasdaq futures. if you look at Nasdaq futures, they've been consolidating right around Uh 13 300 and there has hasn't been much progress on the upside, but there definitely hasn't been much progress on the downside either, right? So if we look at the actual technical chart, I should be able to pull it out for me right here. Looking at the five and it will change the candlesticks, we can see that we've seen a lot of consolidation here.

We're testing that same previous resistance range. It's a very, very important week, Not just because of what's going on with Silicon Valley Bank but because it is going to be the next rate hike, right? The Fomc meeting is going to be on Wednesday which is um, sorry May 3rd and this is at 2 P.m Eastern time. This is where the Federal Reserve will decide how much they raise rates or stop raising rates on that specific date and time, right? So if you guys don't have that added to your calendar, please make sure that you understand that. Um, a quick little reminder that if the Federal Reserve ends up raising rates less than expected or doesn't raise rates at all, the market might react in a positive way.

They could send the market to new levels, making it make new hives, so that could be very exciting and very good for the overall stock market. Or if you know the Federal Reserve does raise rates as expected and or more than expected based off of what's going on, the fear of a recession. you know, wanting to be more hawkish whatever the case might be, then yes, the market could react in a negative way. We're a little bit more in the over overbought side.

We're very bullish based off of recent patterns. Uh, coming off last week's rally right from overall lows of around 309 I think 309 were or lows for the overall Market as we tested right right before big Tech really began to report earnings and then we broke above the EMA we broke above the moving average and now we are at new highs right? So from overall lows of 309 to all the way really testing it to make new Highs at 322 for QQQ wanted to see if um, yeah, let's go Heat what's up, What's up? Uh, yep. I'm safe. Uh, back in Arizona as you guys could hear I'm sniffling a little bit obviously for my travel I'm still very jet-lagged I just woke up from a nap.

um and I'm just excited to go back to my routine as usual. uh and be able to host one of my you know live sessions with the Lpp team tomorrow. So again, if you're new to Lpp or you've been thinking about joining which is the second link in the description down below. I'll see you tomorrow at Market Open for our live session and hopefully it could be a good one based off of what the market gives us and to see if we can take some good trades.

So I'm happy to be back and hopefully we earn your thumbs up in this video. But let's go ahead and get right to it. I'm going to be breaking down your top stocks. All you need to do is share what stock you want me to break down in the live chat.

So um, the video, Please break it down. Let's go ahead and start off with in the video and the video has been extremely bullish based off of recent patterns, right? It's not rocket science. I Mean if I were to ask you, you know, based off of oversold or overbought levels, we can see that we're definitely a lot more on the overbought side. Could it continue to? Rally Of course, but based off of recent patterns: upside, potential versus downside risk.

The Downside Risk: Again, just like we talked about when Tesla went from 100 to 200 a share in just one month, the downside risk is too high and you always need to take it into consideration, especially when again, your upside does not outweigh your downside. As of right now, it's very bullish. and if you're good at locking in profits, if you're good at managing risk, yeah it can be very lucrative. But if you're not, and then you just hope that this thing continues to rally and make and breaking new highs, then yeah, that's a very hopeful position knowing that it could end up getting rejected just like it has many times before.

right around that 280 resistance range, we're already at 277. So at that point, you kind of just have to admit, uh, you've pretty much missed out the rally, especially if the market ends up selling off based off of what's to be expected this week. So I think this week is going to be a big deciding factor, not just just for NVIDIA but also for the rest of the market to see if we actually test to make new highs or if we actually begin to retrace back to previous lows of right around 260 for NVIDIA. So very excited to follow up and AMD So for those that are asking about AMD AMD is going to be a pretty um, you know, exact breakdown of that so you can see that at based off of recent patterns also pulled on back AMD being a little bit more volatile now it's testing its potential reversal.

Remember if the market sells off, then so will AMD If the market begins to make any highs, then so will AMD AMD has a little bit more margin to work with based off of upset, potential or potential recovery. But on the one hour time frame, we could see it very clearly that yes, we are at a critical point where it could begin to make new highs or just like last time, it tests the moving average and then it gets rejected. can easily test it and then get rejected. So just understand based off of the different time frames that you're looking at, where we currently are and if we need a little bit more confirmation before actually stepping on the gas on this potential reversal right, it looks good.

But again, if Market sells off, then so will AMD All right, All right. Ricky Did he go to Sun and Fun I don't even know what that is. So no I didn't go to it. All right, let's see.

So we already broke down NASDAQ So we'll move on. Move on from that look at the video look at so far, but we'll look at Sofi very quickly. Here we go. Sofi Again, based off of recent patterns, it's looking very bullish looking, very overbought.

Sofi Technologies was trading at 5.68 now trading at uh, six dollars and 50 cents. Pretty much so, it looks like Sofi does have a tendency to try to break out and then it gets rejected right away. so these breakouts tend to be very short-lived So Based off of that idea, right, it would make sense that this thing would you know as quickly as it rises, it quickly comes on back. So that's a fair warning, right? These are not the type of stocks that we would recommend for beginner.

Traders It's very easy to get burned, especially when you end up being very hopeful of wow. You know it went from 571 to 650. I Mean that's nearly a dollar per share at a very low price, right? I Get it why? It seems very attractive, but just know just as quickly as it goes up, it can easily begin to pull on back and that's where things get very dangerous, right? This is where you can really burn yourself as a new Trader Not knowing that again, things can quickly get worse before they get better. especially if it has a history of selling off, right? It's not very surprising there.

So all right, let's break down. Tesla Yeah, I Would love to talk about Tesla especially with everything that's going on. Um, Tesla going from again 101 like we talked about to highs of 200 a share. Uh, based off of recent patterns, it's been retracing back.

it hit loads of around 150. Now it's testing the EMA Um, again, just like we said it about the other players right now I think a lot of and Tesla is a little bit more vulnerable when it comes down to this. So like, if the rest of the market sells off, Tesla will most likely get hit a little bit harder and it's just because of how much it's gapped up, right? But as of right now, still trading below the moving average it tried to Rally with the rest of the market the last two days of last week. Sure right? I Mean it's it's getting close to that moving average.

It still has obviously room to move up for. uh, up to it's right now at 165. Based off previous patterns, our resistance is right around that 200 share, right? 200, 190 to 200. Uh, and that's just a a very near resistance.

If you are someone that believes that Tesla is going to one day be valued you know 5 to 10x of what it's valued at right now, then you know your intention would therefore be a little bit different, right? But that's one thing that I want to remind you that you know there's specific stocks in the market that you can be comfortable with day trading, but there's a handful of stocks that maybe you're a little bit more comfortable swing trading and or just holding for a longer period of time And Tesla might be one of those plays, especially if you see that long-term potential, right? So it's definitely something that we're going to have to follow up with as of right now: I Think that Tesla because of what's to be reported this week I'm really going to try to stay as patient as I can. I'll take a couple small trades to start off the week, but because I believe that the market will be pretty stagnant meaning that the Market's most likely just going to consolidate up until Wednesday because of that up and coming interest rate hike. I Think the Market's going to want to wait for it to decide if it's going to go up and make new highs based off of what is reported or actually begin to sell off. and then once the market does choose a direction again, remember all you have to do is literally wait three days and Market directions should be more clear.

If you can't stay that patient. Then again, maybe the market just isn't for you, right? Let's go ahead and break down: Shopify So we're asking: Uh, Alex is asking to break down Shopify So based off of recent patterns higher highs, higher lows. Going back to retest that same resistance at 50. it does look like again, it just came from a recent reversal, but it doesn't look too overbought.

It also doesn't look like Shopify has been doing anything crazy based off of recent patterns. Shopify didn't go from 176 all the way down to 23. So as a long way to go, This to me is kind of like a Hail Mary type of stock where obviously it has a lot of potential for it to recover in the sense that it has huge margins to work with. But Shopify has just been struggling to recover to its 2021 all-time highs.

as again, it's lost a lot of that momentum that it had during kind of that pandemic push, right? So overall peaked at the end of 2 2021. We sold out for all of 2022, and we've been slowly trying to make a comeback for 2023. There's nothing wrong with having a position if you are hopeful that it could continue to trade above the EMA in the moving average, but if it breaks below that, that's a break of pattern I would want to get out of that. and obviously the upside definitely outweighs the downside risk.

But at the end of it, you still have to have some form of risk management and making sure that direction is in your favor. so please make sure that you take that into consideration. So let's go ahead and just do three more plays and then we're going to leave it at that again. For those that didn't tune on into today, Uh, the the beginning part of this video, we talked about First Republic Bank being the second largest bank in history for the US to potentially fail, right? and we're going to see how the market unfolds this upcoming week.

On top of that again at a stack. Market as of right now is pretty much break even based off of How It's been trading, so it doesn't look like it's a report. Reacted in a very negative way. and we have the FMC meeting this Wednesday at 2 Pm Eastern time, which is when the Federal Reserve is going to be announcing their rate hike right? This is where they're getting their raise, stop or actually drop interest rates and that's going to be to be reported on Wednesday at 2 P.m Eastern Time All right here we go.

So Amazon Uh, this is the one that I was most surprised by. Even with Amazon getting rejected right after one of the strongest pushes that I've seen Amazon have, it went up nearly 12 in just two minutes. from overall lows of 108 to overall highs of 123. We're tracing all the way back to actually selling off four percent in one day.

Right now, trading at lows of 105 Remember right? Amazon And the way that it reported up and coming quarters isn't necessarily the best. They say that they expect to see a drop of around five percent as they if as they've experienced if I'm not mistaken in the month of March right? Um, it's not the end of the world, right? It's just the bad up and coming quarterly earnings probably. Uh, and looking at the day chart again, Amazon is still very oversold based off of recent patterns. Yes, we are testing the moving average.

Yes, we could get rejected. We can get a little bit closer to that 80 price point at the end of the day Amazon anywhere around 100 a share as a long-term play in my opinion is something that I wouldn't mind holding on to. but again, it's all about your intention. If your intention is today, trade this.

I Really don't know why it would be to day trade that unless you're trying to day trade the earnings report which gapped up 12 so you should have locked it in there. But other than that, I don't see Amazon to be a day trading play. It's more of a long-term play, especially based off of being not only one of the most valuable companies that's publicly traded, but from going from 188 all the way down to 100, right? or all the way down really to 80. Very, very attractive long term.

This is something I think that we'll talk about years from now that not enough really. saw the value in Amazon when it was trading at 100 or even 80 a share as it could make you know as at least I would imagine Amazon isn't going anywhere anytime soon, right? So nearly as as much of a monopoly as any company can get in our world today, right? All right there we go. Let's go ahead and do one more and we'll call it a stream Here we go. So A C O r What's going on? David So E C O R So it looks like this is a lower cap stock, so we're going to do one more.

Beyond this. Um, I don't trade. Uh, these type of lower plays. You can see that it has really broken candles.

That's a huge red flag for potential volume. Uh, these are the ones that you would really get burned on, right? So these look like look like they've been pumping dumps before in the past. I Don't know how you came across this or why this is in your watch list, but this is currently selling off. It's been selling off for, you know, quite some time.

Why would you put your money in something that's consistently selling off in hopes that it does something that it hasn't done in nearly two years, right? This is a huge red flag. Something that's almost like a a textbook set up on what you would want to avoid as a beginner. Trader So please make sure that you are aware of that. So, um, Atvi, what's going on film so ATV I Appreciate you taking time.

Hopefully that will earn your thumbs up in this video. So this is Activision Uh, gapping up to highs of 85 now gapping down to 77. A lot of consolidation here. So Activision just doesn't have a very clear Direction I Don't know if we're actually going to begin to make new highs or actually begin to, you know, or just continue to consolidate here.

And that's kind of where it can be very challenging to have that reassurance that hey, you know I really want to invest or trade something like Activision when we have no sense of direction of higher highs, lower lows, or just continuing to consolidate. So at this point again, kind of like a textbook setup, you would set an alert for the break above, you'd set an alert for the break below and until Direction becomes a little bit more clear, you either stay very light with your position and or you don't get invested at all until Direction becomes more clear. So therefore, you can make a more informed decision. I Don't know about you, but there's been many times that you try to predict what is what you hope happens and if it doesn't you put yourself in a a very unfortunate position and again, it's a very simple step that you can take right? Phil to not put yourself in that hopeful position, but that just means that you have to challenge yourself with your ability.

to you know, stay patient. So I don't want to take too much of your guys's time this Sunday again I Just wanted to make sure that we kind of catch up leading up to what's to be reported this week and again, it's going to be a very interesting week to say the least. Uh, NASDAQ again testing new highs 322 Will we continue to Rally again? We shall see over on NASDAQ Market As of right now pretty much break even. It's only down 0.05 percent.

So I'm very excited to follow up and again. Just please make sure that you keep an eye not only on the news that's going on with the bank failure for First Republic being the second largest in U.S history, but also the Fomc meeting which again is going to be the next interest rate hike and that's at 2 pm. Eastern Time on Wednesday If you guys have any questions about what we talked about today, feel free to send me a direct message via Discord and that's that first link in the description down below. I'll see you all tomorrow for our live trading session, especially if you're part of our Lpp team if you want to learn more about that so you can watch me trade live again, that's going to be that second link in the description down below.

And don't forget to enter our GTR giveaway and that's our fourth! Link In the description down below, a big update is coming tomorrow and I Hope that you guys are ready for it like always. Let's make sure that we end the year on Agree! Now take it easy team!.