All right guys, let's go ahead and break down the top five oversold stocks that our group members see valueing I Really hope that you guys learned something new during this Sunday stock talk. and if you do, please consider dropping a thumbs up and subscribing if you feel like we earned it. So one of the first things that I want to talk about is that if you guys haven't noticed already, we went through daylight savings. which means that now everyone in Arizona as I'm based out of Arizona myself, we get to sleep in for an additional hour.

Market finally opens at 7:30 :30 in the morning instead of 6:30 So I don't know about you guys. but uh, that's probably one of the things I'm most excited about is that we get a catch up on some sleep. Uh, but of course. uh, the day gets darker much sooner.

Uh, it's 6:30 outside and it's pitch black already here in Arizona So we have to take the good with the bad, right? And isn't that the truth about the stock market? So I'm not too sure if you guys noticed. Uh, but last week in the stock market? uh, not only for Nasdaq but also for Py which is, uh, the S&P 500 uh was the best week for 2023. So if you felt like last week was a really good week for you or a really bad week if you were shorting the market right, Um, that in that that is a fact, right? For 20123, it was one of the best performing weeks uh, for the entire year so far. And of course, it happened in the month of November So a really strong finish so far.

Um, or a really strong start? Uh, to the month of November for 202 three? Uh, Now, the big question that a lot of people are asking is is this momentum going to continue right? Uh, there's no reason to try to predict when we can simply wait to prepare. right? As of right now, NASDAQ Market is pretty much flat. It's not pulling on back, which is quite surprising, especially after a really strong performing week. So it looks like the market is really holding at these levels.

Uh, and we'll just have to give the market time right? If if we actually get indication of it pulling on back signs that we were not getting last week, I'd be more than happy to open open you know, a short position and add to it. But if the market continues to hold and then continues to indicate signs of an uptrend, we have to respect that right? We either dance with the market or step step on its toes. That's the analogy that I like to give all of our Lpp members. So uh, again.

for those a little bit new where I do trade live every single morning. Um, it's kind of like this, but it's private and you get to see all of my entries and all of my exits. But most importantly, you get to hear my thought process behind every single trade. I Choose to take both the good and the bad, right? So if you feel like trading is lonely and you're struggling to figure this out on your own, I'd encourage you to take 2 minutes, click the second link in the description down below.

We're running one of our biggest sales right now at $175 off. and yes, it's a onetime payment lifetime access and you'll get to watch me trade live every single day. So other than that, let's go ahead and jump right to it. Uh, let's goad and break down whatever top five stocks you guys see value in.

And if you guys want me to break down your stock again, all you have to do is partake in that live chat and share the ticker symbol. So I can go ahead and break it down. But as you can see the overall NASDAQ Market from Friday of last week Monday of um, you know the start of last week and then this really strong rip up. Going back up to the previous resistance that we had of right around 370 a share, we'll see if we get rejected here and begin to pull on back or if we continue to surpass that resistance that we haven't really really been able to make.

Um, highs, Uh, new highs above, right? We've seen that we've tested this resistance range based off of previous patterns. Very common resist resistance range. here. Very common resistance range.

here. it's almost like this slow descending pattern. Do you see that RSI is extremely overbought? It's nearly at 80 RSI and Macd is overextended. But again, indicators are to be used as a reference.

Never a sole reason on why to take a trade. so we'll have to wait for that proper confirmation. Right direction is always the best indicator in my opinion. right? waiting for that proper price action to follow.

So let's go ahead and start this off. and if you want me to break down your stock, share it in that live chat. You do have to be subscribed to the YouTube channel to partake in that live chat. I Want to do reverse verse E I Appreciate you taking time hopefully I earn your thumbs up.

uh in this video but I would love to break down Microsoft for you. So obviously uh, based off of the strong performing uh week for Nasdaq and the S&P 500, Microsoft is doing exceptionally well from its last week's performance right. from overall lows of 309 pretty much 310, we have now hit highs of really close to previous all-time highs and that's right around 366. Right now, we're right around 352.

It's been a 14% run. Uh, looking at the day chart again, you could look at overb overso levels. I mean this is Microsoft Probably not something that I would personally day trade myself, right? Normally doesn't move like it has The past week this was a very strong performing week, right? Very different, right? It reported earnings, it pulled on back and then ripped up with the rest of the NASDAQ market. Now we're overbought.

So now the question is is this momentum going to continue and I think a lot of that market sentiment is going to be based off of what is going to be released this week. I Wanted to share this with you guys, right? This is a Sunday prep. So I want to make sure that you're aware, right? We like to host these every Sunday Uh but on Wednesday of this week we have Jerome Po who is the head of the Federal Reserve that's going to be having a speech 15 minutes before the Market opens and that is on Wednesday on Thursday at 2 pm Eastern Time Jerome Pal is also going to be speaking today for a discussion. uh, again in Washington DC So two times this week Jerome Pal who is the head of the Federal Reserve is going to be speaking and I want to remind you on Friday it's only a 4-day trading week on Friday we are closed for the stock market in observance of Veteran Day for November 13th.

So please make sure that you are aware of that. You have four opportunities to make the most of it that shouldn't force you to make uh, take a position that you don't want to. It should just make you aware of you know things might be a little hectic on Thursday not only due to the volatility that Jerome might provide uh during during what he might say from Wednesday to Thursday but also going into a 3-day weekend in observance to Veterans Day right as of right now. looking overbought, uh, based off of previous highs risk to reward ratios just wouldn't make sense to me.

Right to buy here, to potentially sell here. With this downside, risk, risk to reward just doesn't make sense. But again, this isn't a stock that I would personally day trade myself. Margins aren't necessarily there.

uh, but looking at overbought and overso levels I think that we can all agree it's just too overbought for my taste. I would say if this was any other stock I've missed the rally. It's time to lock in profits or at least to begin to reduce position size at these overbought levels in preparation for a potential pullback. but it's Microsoft.

If the NASDAQ Market continues to run, then so will Microsoft said something to follow up with. So um, let's go ahead and break down the next. If you want me to break down your stock again, all we ask you to do is to share it in that live chat. So we got Adrian I appreciate you taking time Adrian to tuning on in so that is ticker symbol Sofi Sofi has been ripping and dipping and what I mean by that is mainly dipping.

Looking at this day chart, we could see the lower highs, lower lows. a lot of consolidation here and and then again we all have different trading. Styles I Am never here to stray you away from something that you might see valid right? A Lot of people like to trade options I would never touch them I find them to be too risky so I want you to take my thoughts just as a great assault I Think that direction is not favorable for this and you can let me know in the live chat if you agree. but it's lower highs and lower lows.

There's so many inconsistencies in Soofi that if you were to provide for me five or 10 different stocks to potentially invest in or trade I Just don't know why Sofi would be one of them, right? It wouldn't even be in the top 10, top 20, top 30. It's just way too many inconsistencies based off of recent patterns. If we look at this on the 4-Hour time frame, it's very easy to see that it's kind of working with the moving average. With this descending pattern.

it has its lows, It has its highs, it has its lows, it has its highs, it has its lows, and then it has its highs. It looks like it's already getting rejected and getting ready for that pullback. So instead of going long I mean to me, this almost makes more sense to short than to go long, right? It's been selling off more than it's been ripping up. so I would take that into consideration.

I would genuinely think about shorting this more than I would going long, but again, that's just my two cents. You guys can let me know in the live chat what you think about that. Let me go ahead and break down Nidia for Victor So Victor I appreciate you taking time to tune in on in. Hopefully I earn your thumbs up as well.

Uh, Nvidia has had an amazing rip up with the rest of the NASDAQ Market Nidia has been killing it after it introduced its increase of demand due to artificial intelligence, right? So all the chips that they're producing for all these AI Manu Um. AI Producers? Really? Um, they need all these semiconductors, right? And Nvidia is the one that's going to be providing that for them. So Nvidia is kind of like in my opinion out of the the it, it's a trillion dooll company, right? I Don't know if you guys are aware of this now. it's one of the companies that falls under the Trillion Doll Tech Company now.

Um, but when it rips, this thing does not stop. It's almost like the new Tesla There's a lot of hype behind this because of all the hype that follows with artificial intelligence. so if this was any other stock right on the technical side, I'd say hey, you know this thing's overbought. It's had a nice rip up lower highs, lower lows.

this is going to sell back off right? Moving average is still descending. We've been trading sideways. There's been lack of progress It's It's nice that it ripped up, but realistically, it's going to pull on back. But I cannot say that confidently because of me knowing what this company is.

And I know that if any you know, you know release any Um analyst gives a different price. Target I Know that Nvidia can continue to go up to 470 $500 per share because of how much hype, right it's It's almost like when any other company talks about artificial intelligence or AI in their earning reports or their quarterly earnings, they all shot up, right? That's kind of the hype that Nvidia has, but Nvidia is literally in that midst of the hype because they're Pro uh, producing all of these semiconductor inductor chips. so just something to take into consideration. This is kind of like a wild card for me.

I Don't think necessarily it's super cheap, but I think that it does have potential to continue to try to run up, especially if any article or any release were to support the case. But on the straight technical side, if it wasn't about Nvidia I would say that it's too overbought. It's a coming off of a descending pattern looking at the past. What is this? The past few months it's been trading sideways and to me that's a lack of progress.

And because of that, would just have to say that Okay, it's lacking progress. it's trading sideways I Have to respect that. and I'm just not going to trade it right. Or if I write it on the rip up I do I can't hesitate to lock in profits.

So just something to take into consideration. This trading sideways to me is kind of like a red flag or kind of like a yellow light. Um, right where I almost want to like begin to kind of like yield or to slow down because of the lack of progress. So just my two cents on that one.

Let me know what you guys think. Uh, let's get ready for the wiek, What's going on Michael hope you're doing well. Uh, let's do Mara What's going on? Fabulous Detail: Official: Um yeah. I Heard about Mara Uh I am not the biggest fan of companies like this.

so um to me, these companies are pump and Dums and again I don't mean to offend anyone. but when I see that a company rips up this quickly and then goes from $6 all the way down to 21 that just lost more than 50% think about that it. I feel like we almost become numb to these numbers because we see so much volatility in the market today. But that is a huge change.

and then we go from 20 bucks all the way to highs of 80 bucks and then from 80 bucks. A few months later, we're all the way back down to 20. and then from 20 we go all the way to lows of four. Those inconsistencies are too high risk.

You guys know that. I Trade with half a million dollars? Over half a million. And to me I Just don't choose to put myself in a position because I mean I'm not going to sugarcoat it I wouldn't be able to tolerate this risk. The inconsistencies are just considered to be too risky.

Now, if you're someone that wants to be able to tolerate it, you think that you can. You're okay. If you take the loss, then you know what you're getting yourself into. But with these inconsistencies, if your focus, if my focus is to be consistent to focus on quality plays, I Just don't see this to be it.

There is nothing about this other than it being potentially oversold. This thing isn't showing signs of progress, right? I mean I Guess it kind of is if you look at the closer time frame right. It was selling off lower highs, lower lows. It traded sideways the consolidation phase and it's trying to show signs of progress above $10 but we continue to get rejected as long as it continues to hold below 10.

I Really don't care for it. It's going to continue to sell off if it begins to all of a sudden take off and you want to choose to take that risk again. it's just all about your risk tolerance. I Would never never never if I was a beginner I Would not pay attention to companies like this.

It's just if you're not good at getting in and getting out and and mitigating risk properly, this is just you have to be very, very experienced to get in and get out successfully right with no emotions attached. Um, and it's something so simple, yet it's something so challenging. But again, it comes with time and to me this just wouldn't meet my criteria. But that's just me, right? Um, I Just see the inconsistencies and to me that's just the big red flag on why to stay away.

But you guys let me know what it is that you think yeah, IM Losing yeah, half. Imagine taking a position of half a million dollars and then you know one week later it's down. Half a million, right? That's the type of volatility that something like this provides. But also Imagine going in with half a million potentially making a quarter million, right? Sure, right.

But to me I wouldn't want to tolerate losing a quarter million in a week. It's just not something that I would want to put my in a position that I would put myself in right I Trade live with my team every morning I have my bread and butter that I work on uh and work with and I keep it simple I have a very boring way to trade but at the end of the day like it's something that works for me. I'm very proud of it. Um, and I still have my bad days right? No question about that, but they're much easier to manage.

My bad days are like 2 to 3% loss. If that not 50% that's that's a big difference. So um, are you focusing on swing trades now? Uh, I was not Last week was the only week that almost made sense for swing trades because of how it played out. But if I'm not mistaken, this might just be me if we look at QQQ We've almost been seeing the market be kind of very inconsistent, right? A lot of choppiness, a lot of inconsistencies, and that's not necessarily the market right.

The week before that, we traded sideways. That's not really the market that I would want to enter a swing trade in when there's inconsistencies. Now, last week, it did make sense, right? because for 5 days we consecutively went up much different story. But now we're overbought.

So now it's like, okay, do we lock in profits? Is this going to continue? NE Valley We'll have to figure it out tomorrow, during tomorrow's live trading session and again I'd love to see you there. That's the second link in the description down below. Oh I Like this, Joseph is asking for me to break down American Airlines I Have to break that one down during this live stream. This is probably one of my favorite companies to swing trade when it's when it's set up properly, right? Uh, American Airlines has gone just like many other airlines has gone through a recent rut.

It went from highs of 19 bucks all the way down to lows of 10 bucks. Again, let's talk about the risk. That's a very significant drop. It tends to patterns tend to repeat themselves, they don't always have to.

It tends to have a support right around $12 $11 and then it tends to try to run up to around 15 to 16. To me, that's around a 15 to 20% return. Even if I capture half of that, you know I'm I'm happy with it I Really size down on these trades I go in with about you know 30 to 50K instead of the half a million dollars I Consider this to be much riskier than putting into a NASDAQ or S&P 500 ETF but because it is so oversold again once the opportunity does present itself I Wouldn't mind entertaining the idea of going in, but guess what? Last week was the first week that this thing began to indicate signs of an uptrend. So let me ask you guys, let me know in the live chat from your experience: is it best to enter at the first sign of a PO poal reversal? or is it best to potentially give it a little bit more time to see if it's not a fake out.

Let me know in the live chat should I just jump in right away even though that we're still below the moving average. or you know, taking a step back. How many times have you guys ever done this? You go in right away, you're like oh my God this thing's about to take off, it's doing something that it hasn't done and then guess what, You go in a little bit too soon, it gets rejected and it sells right Back off right? How many times has that happened? Raise your hand. It's happened to me.

It still happens to me I'm not perfect right, trades reverse and fake me out all the time. It's not about that and I think this is the big. There's a there's like someone that commented of like oh my God Ricky you took a loss like I Can't believe you took a loss with your experience I was like what? like I Hope that you guys know that as you continue to trade and as you continue to get better, getting better doesn't mean that you're not taking losses. Getting better simply means how much quicker you are at at identifying when you are in the wrong and how quickly you cut those losses.

Loss is inevitable in this game, right? Our job is not to avoid risk, our job is simply to manage it. You know someone's experience when they know that something is happening that shouldn't and they quickly correct themselves right? It's kind of like that saying you know good Fighters make adjustments after each fight. The best fighters make adjustments after each round. So imagine being able to make these adjustments not just after every day or every week or every month, but after every trade.

And that's the beautiful thing about trading is that you progress at your own pace. But it's understanding that you're never going to be perfect. and that's okay, right? So uh, as of right now, one thing that I would really like to wait for is for proper progress above the moving average. And the reason I'm saying that is, there's so much upside margin to work with that I shouldn't be in a rush.

Obviously, it would be beautiful to buy it at $10 and to sell it at 15. But guess what? I'm not a perfect Trader and we don't live in a perfect world I Think that we've EXP exped that enough already, right? So what can I do to be calculated, but to be somewhat conservative to be safer? Okay, I can wait for the break above the moving average I Can wait for progress and even if it holds, then then right when it's actually showing signs of progress where I'm actually missing out by not being in an open trade with this, then I can get in right? I can show you previous examples of this: Let it sell off, Let it sell off, Let it sell off, it consolidates, it begins to establish its support, let it sell off, and then when it begins to put push up and actually show signs of progress Beyond a specific point. then I can begin to dollar cost the average into it when it makes sense and then once it gets to a point right, it can continue to go up. But I tend to lock in profits pretty early.

So even if I lock in profits at $1,550 $16 and even if it rips up to 1660, remember I'm not perfect and that's always going to be okay. Your entries and your exits are never going to be perfect. and that's okay, right? Your cutting losses is never going to be perfect. But it's all about just trying to get better.

You: Your good weeks, You have your bad weeks, You have your good days, You have your bad days, You have your good months, You have your bad months, but again, nonetheless. Are you working on being. Are you proactive about trying to be better, right? Uh, and I think that's the biggest difference is that this is why I enjoy what I do so much is because it really is very challenging. It's not easy, but I think that's the beautiful part about life is like you know someone doesn't like their job when they're doing the same thing over and over again at their job and they just absolutely hate it because repetition when it comes down to that and feeling like you're not being challenged, you're almost just a robot at that point.

and that's not very enjoyable. But when you're being challenged, at least for me, right? And I'm sure many of you guys when you're being challenged, it kind of excites you. Yes, it's challenging. Yes, it's hard, but when you accomplish it, it's very fulfilling.

I Think that's the beautiful part about this. So if you're anything like me again I Think at that point, you would really appreciate overcoming the challenges that the stock market presents to you. So again, I Don't want to take too much of your guys' time. We'll be talking a little bit about the economic schedule.

Uh, tomorrow during tomorrow's live trading session with the Lpp team I Hope to see you there! It's the second link in the description down below. It's a one-time payment lifetime access and you'll get to watch me trade live every single day. and again, it's the second link in the description down below. So don't miss it.

You can sign up tonight and you can watch me trade live as soon as tomorrow. The last thing that I want to remind you is you have less than 6 hours left to enter our daily driver giveaway so you'll automatically be entered for both both BMW giveaways. but tomorrow on November 6th one of you that buys anything I mean you can literally buy a mystery box or you can buy a sticker pack but someone one lucky customer is walking away with a BMW 3208i tomorrow. I'm going to be going live tomorrow I'm going to be live streaming it and we're going to be selecting the winner.

So if you don't enter, you won't win. And remember our last giveaway winner that won to pay my rent purchased a mouse pad the winner before that purchased a mystery box. It l literally only takes one lucky entry so if you guys haven't entered already it's the last 6 hours. head on over right now to shop Techbuds, Doccom or click the fourth Link in the description down below and remember um, it's $1 spend equals five automatic entries and if you have any questions about that, shoot me a direct message via Instagram which is linked in the description of this video.

So I really do appreciate you guys time hopeing Wish you guys an amazing Sunday Thank you guys again for your time and like always, let's make sure that we end the year on a green.