Test Test One Two, What's going on guys, it's Ricky with. Talk about Solutions Hope that you guys are all having an amazing Sunday A pretty interesting week, especially with how things played out. Uh, with NASDAQ markets selling off I'm gonna start sharing my screen so you guys can see exactly what it is that I'm looking at I'm looking up Nasdaq futures right now and it looks like the NASDAQ Market uh is slightly in the green right. so we're up a little bit less than a quarter of a base a quarter of a percent and we can see the nice little jump up that we had, right.

But as of right now, we're still getting rejected below fourteen thousand eight hundred. Uh, for the NASDAQ Market For those that haven't been paying much attention to what's been going on lately, NASDAQ Market has been pulling on back. We hit eyes of 387. Uh, this is for KiKi which is the NASDAQ 141 ETF and we've been forming lower lows and lower highs ever since.

Then we hit overall lows this week of around 354. Uh, it was a pretty significant week right? When it comes down to the Bears Because of all that selling pressure, big Tech has sold off as well. I Mean, look at Apple This is all happening shortly after it reported earnings. Apple Nice little gap down.

uh, pulling on back on that four hour time frame. If we look at this on the day chart, you know it's still far from the moving average, so it still has some room to fall. So if you're asking the question, is this the end of all the selling pressure? Um, you know the cheap can always get cheaper I Thought I would share this article that just popped up and it says a Perfect Storm Uh, battering Markets it says surgeon Global Bond yield a slumping Chinese Economy I Made a worsening property 30 sector crisis. So pretty much what they're saying is there's a handful of different things that are right now not necessarily looking the best right.

Talking about the bonding markets right? Talking about the Chinese economy. uh, talking about what? The Federal Reserve right and their and their expectation of what they're going to make of the next. CPI data report right? What we learned in the last Fed minutes uh, was that Fed officials more than not might be interested in actually continuing to raise interest rates for 2023 rather than the original expectation of completely pausing or actually cutting interest rates. We actually heard Jerome Powell say that they have no expectation for 2023 to actually pause rate uh to actually Cut Rate hikes which again, I think is a big big difference.

So um, let me go ahead and yeah, so when it comes down to overall NASDAQ Market I Mean at the end of it, no one knows how much more this thing could potentially sell off. We did see a lot of selling pressure last week, so maybe this week we could kind of cool off and begin to show signs of a support. Uh, but if not again, looking, uh, how the NASDAQ Market is trading right now again, we're at that 14 800. If there's no continuous progress, then it wouldn't really surprise me that NASDAQ Market could end up getting rejected and forming those lower lows and lower Highs, But we'll just have to wait and see, right? We all know that the market being up or down pre-market doesn't mean much, because right when the Market opens, we've seen it many times.

That direction can ultimately end up changing. My plan this week is to see and really get us a better sense of direction. If we're still going to be getting rejected by this EMA line on the four hour time frame for QQQ, we might try to rip up very quickly right to go back and retest the CMA, But as long as we hold below that EMA and below that moving average, then ultimately it's just going to be a lower high for the Bulls and a higher low for the Bears, right? So my main focus is not trying to put so much weight on one day, but really ask myself what is the overall direction of the market And are we still bearish? Or are we actually going to find a support and actually begin to recover Because we all know again, it doesn't matter if it's bullish or bearish, we can make money either way. Right on on what's it called, bull Markets and or bear Markets, It doesn't matter as long as we focus on that overall direction.

So let's see. All right? Um, and if you guys want me to break down your stock I know there's a lot going on right now. Uh, when it comes down to uh I was just in California and for all those that are on the East Coast are their potential I'm sorry in the west coast Uh, you guys are potentially going to get hit with a hurricane. uh and that hasn't happened in a really long time.

So I'm gonna make today's live stream very short and sweet. Um, if you have a specific stock that you would like me to break down, uh, please feel free to share it in the live chat and I would be more than happy to, uh, break it down for you. So I Hope that I earned a thumbs up. Make sure that you subscribe and you do have to be subscribed um to the YouTube channel to partake in the live chat.

So just the heads up on that uh Hawaii electricity please. he let's go ahead and break that one down. be more than happy to break that one down real quick for you. So it looks like we've had a huge gap down from.

Overall okay, uh, is this because of what's going on? Uh, in Hawaii based off of recent patterns, right? So it looks like I would have to look into this a little bit more. It looks like it had no trading volume and then all of a sudden it begins to gap down. Looks like it's showing signs of a potential reversal, right? Kind of like the three stages of reversal, but there's no confirmation. So I see that? That's probably what you're looking into, right? But let's remember that the cheap can always get cheaper if we were to recover.

I mean yep, it does offer about a hundred percent. ROI So the way that I would really focus on this is I would size down right. the more risky something is. Um, the more that I choose to control my position size right? But ultimately, it doesn't matter how cheap it does get.

The whole idea that I would be focusing on here is setting alerts and waiting for proper indication of a reversal. But this one's actually pretty interesting because I I have not looked into any companies that were affected because of what happened in Hawaii with the fires. So I'll have to check this one out, look a little bit more into it and from what I learned I'll make sure that I share it with you guys uh, via Discord so they might get sued for starting the fire I see Ryan Okay, I appreciate you sharing that, thank you. It makes sense on why they've gapped it down so significantly.

Then all right we got: Rob What's going on? What's going on? homeboy? So let's go ahead and break this down. looking at this on the day chart: I Just want to get a better picture of how this tends to trade. Looking at this on the four hour based off of recent patterns, it's a little bit more on the overbought side, right based off of recent patterns. Over all those have been right around 21 22 dollars.

Um, okay, so it looks like it is trying to form these higher lows with this ascending up Trend pattern, but it has been getting rejected by this moving average for really a year, right? It peaked here and it's been selling off forming lower lows and lower highs. So I'm not the biggest fan of the overall direction. but I can see why you're paying attention to it, but just taking a step back and looking at recent patterns, the question would really be okay. Are we actually gonna break above 33 dollars and show signs of progress? If so, then this would be doing something that it hasn't done in quite some time, right? So we're testing that same resistance range, but if we end up getting rejected, then again it has a nice gap down back down to 22 dollars.

So if we end up going to retest get rejected, then again just allow it to sell off. It tends to consolidate here and then see if we that get that confirmation. so at least you don't end up buying up here. It gets rejected and then you write it all the way back down.

right? Let's not over complicated. That's 48. so all righty. So we got E T.

Okay, so the four hour time frame higher highs, higher lows I Like that you're focusing on direction. Direction has been favorable. Okay, so this isn't a super complicated stock. It looks like it's been performing very well, at least for the past year.

higher highs, higher lows. It tends to validate the moving average as a common support level. Right now, it looks like it is testing nearly 52-week Highs at 13 a share I Normally don't like buying at those overbought levels, but again, if you don't want to over complicate and you think that this thing is going to continue to option, then again, all power to you. I I'm personally someone that likes to buy when it gets closer to the moving average with an ascending up Trend pattern.

So anytime that it sells off, you know I Like to buy on the reversal, but on the reversal just to make sure that there's upside potential. but that's just based off of my criteria. My criteria doesn't have to be yours, but this is a great find. I'm really happy that you shared this.

I mean I love that you're focusing on something where direction is in your favor, it can. consistent. You know it might not yield the most insane return, but guess what? Green is green. And the more you focus on quality trades, you know the more you can focus on growth, right? There's no reason to over complicate it.

So Ricky is MC nasally I'm very congested I am yeah coming back from uh California now back in Arizona And yeah, I'm just very very stuffy. so I do apologize if I sound a little funny. So hey Ricky what's going on Anton So H K I T right, that sounds like a lower cap stock. Yeah! so I don't trade stocks like this.

Uh, this person just wouldn't be something that I would trade. It looks like it just recently. IPO It looks like it's been. It looks like a pump and dump.

It's gapping up. It's great. It gapped up 18 coming from lows of four dollars. I Mean it's up an insane amount Anytime anything happens like this.

I Just choose to stay away. It's only a matter of time for it to correct itself. and it looks very similar to what has happened before, especially with it being such a recent stock again. I'm not saying that you shouldn't I'm just saying that it's too risky for me, which is why I choose to stay away from newer stocks that get easily manipulated like this and that are already very overbought.

The risk is simply too high, at least for me, right? And that's just my two cents on this. Um, so yeah. So all right. all right.

what happened to your puts I Don't trade options I Don't have puts. so let's go ahead and break down. Roku I'm gonna do two more I'm Gonna Keep Today's video super short and sweet. so if you would like me to break down your stock, please make sure that you share it in that live chat.

So uh. Roku showing signs of an ascending, higher low, and higher high. we'll have to wait and see if we get that confirmation on the reversal. But as of right now you know, pulling on back from highs of nearly a hundred dollars, pulling on back to 76, right? We're testing this moving average I Really like the setup on the four hour time frame I would set my alert for the break above 84 dollars if it actually ends up forming that reversal.

I Think it'd be very interesting to see if we actually end up recovering back to previous highs. so should be interesting. yo. Good morning Ricky from Australia What's going on Man, good morning, good afternoon.

It's almost a good night here in Arizona so let me go ahead and do two more. What's going on? Stay Green What's up brother? So did you do? no video already? No. Robert I'm more than happy to do the video. Let me go ahead and break that one down.

send a video. Like most of the market uh has been kind of pulling on back right? Uh. Nvidia was a really strong performer the past week based off of, you know how aggressive it sold? Uh, last week, right? we went to lows of 400. If we break below 400, I'd be very careful with, you know, a nice little gap down the last time that we were below 400.

that was before, uh, it, you know announced its earnings. so let's just be very careful with that. But as of right now I think the thing that I think the video really has going for it is obviously the AI bullish sentiment, right? Nvidia has been absolutely killing. It looks like they're leading the space when it comes down to creating ships for you know AI at least that's what they continue to say during their earnings report.

and based off of previous highs I mean this one would not necessarily be a stock that I would trade. This would be more of like a long-term investment, right? just because the way that it moves per day normally doesn't yield that kind of intraday opportunity. But I think the bigger question is asking where is the market going to go because if the market continues to sell off, then most likely so Well in the video, right? Uh, Nvidia sits at a one trillion dollar market cap and if it continues to sell off with the rest of the market, it's going to be giving away its you know Badge of that trillion dollar company. So opinion on Michael Burry is 1.6 billion dollar bet shorting the market I filmed a video on it.

Um well the one thing that I wanted I mean I've I've talked about it with some of our members before and it's very simple I mean it's based off of what he did on the previous quarter. We don't even know if he still has an open position shorting the market obviously last week and the week before that, uh, being a bear in the market would have made a lot of sense, but we don't know, right? he just disclosed uh that for you know, after Q2 he opened a short position according to these news Outlets but we don't know if it's still open right? All we know is when he reports again then we'll have a better understanding of you know, did his firm uh actually close out their their uh what what are they put options right? um for both NASDAQ and for spy I think it's key QQQ uh and spy that he is focusing on so um Can things get worse before they get better of course. But obviously this year has been incredibly, uh, successful for the Bulls so let's not take away. You know that accomplishment as well, right? We have had the past two and a half weeks of a little bit more of a bearish sentiment, but I'm still unsure of which way the Market's going to be going.

You know, are we going to continue to sell off and form these lower lows and lower highs? or are we actually going to begin to recover? Well, all I know is that now we have options and I think that's the beautiful thing about this is that now the Market's pulled back enough that it's made it attractive enough to put more money back into it, right? But if the market does want to continue to sell off and get cheaper, then sure, right, we can short it as it sells off and you know it just. it's going to provide more of an opportunity uh, for long-term investors at those lower levels. So I'm really excited to follow up. Uh, but again, I definitely don't want to rush into it as you know we made that mistake in 2022 and it's very easy to get caught on something where you think it's the bottom, but the cheap can always get cheaper, so it's going to keep it very simple opinions you know, aside and then just allow the market to decide which way we're going to be going and waiting for that proper confirmation.

But don't worry I mean that's why we focus on those live sessions, right? Because we take these moments day by day. So so if anyone here needs money, I advise you to that you are going short tomorrow. Oh, good thing that we don't have to listen, right? I Mean we don't know as of right now now. Stock market? Oh what the heck? NASDAQ Market Looks like now it's break even right from where we closed.

If Market does end up selling off and we see that um, and we see that we are forming lower lows and lower highs um, pre-market and then when Market opened, then sure. I would love to short the market uh and make some money with the Bears right? Um, but let's not get ahead of ourselves right right now. Market Sentiment That's the really big thing right now. Market Sentiment is pretty bearish.

I Just want to see if the Market's going to continue to sell off with that same momentum that we had last week because if it just begins to get really choppy and then we go from barely selling off anything to then recovering and barely selling off anything and then recovering days like that I don't know about you guys are just very frustrating for me. Um, and I would rather stay cash than to force something that isn't even happening yet. So um, I'm gonna try to be super super selective. uh, all of next week I have my trading journal right? So I'm going to be writing my criterias down and making sure that I recap.

Um, you know, day, day in and day out. If I do take any trades, what are my positive takeaways and what? I could have done better as in my areas of opportunity. But other than that I Wanted to keep today's video super short and sweet I Just I Want to wait and see where the market goes right? Will The Market continue to sell off based off of this negative Market sentiment that we've had since last week. We will see right? So I'll see you guys tomorrow for our live session.

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