Hey, what's going on guys, it's Ricky with attack. But Solutions Welcome to our Sunday stock talk where we talk about the normally top 10 stocks that our group members see Valley and today we're going to be talking about the top five stocks that are reporting earnings this week. I Really hope that you learned something new, and if so, please consider dropping a thumbs up and subscribing if you haven't done so already. I Do want to remind you that if you have any questions whatsoever, even if you're an absolute beginner, I respond to all of my direct messages either via Discord or via Instagram and that is the first or third link in the description down below.

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One of the things that I quickly want to talk about is just really bring up where the market is at right now. This is one thing that I love talking about with my Lpp team. It's kind of just trying to have a better understanding of. Market Direction I'm paying attention uh to Nasdaq futures right now for those that are unaware: Nasdaq futures trade longer than just normal stocks themselves and depending if this thing opens up in the red or in the green gives us a better understanding if the market is going to open up in the red or in the green.

If you're part of the Lpp team, you know exactly what I'm talking about I Talk about it in the Lpp lesson library. But as of right now, out of nowhere I mean it gapped up, it peaked, it hit highs I Just want to make sure that you're aware of this of right around 15 900 and then it looks like it Consolidated at that resistance and then it's been selling off ever since. As of right now, NASDAQ is down. Uh, 12.

uh Point not 12 point 12 percent. It's like literally one tenth of a percent. Uh, so that means you know SQ would be up three times this and T T Q would be down three times. that so nothing too significant.

Uh, but let's go ahead and just talk about where the Market's been and then we can talk about the top five stocks that are going to be reporting earnings uh, this week. So if you guys are tuning in for the first time, uh, feel free to say what's up and then I will pop it up. Right on over here and we can get right to it. So um, let me go ahead and bring this up real quickly.

So there we go. You guys should be able to see it over here. Sweet! What's up? What's up? Good afternoon? Uh, very quickly. So NASDAQ Market has been kind of trading sideways.

This is something that I brought up last week. We've had a very common support level for QQQ which is the NASDAQ ETF Uh, right around you know, 375 dollars a share and then a very common resistance range right around 385.. Now why is it important to understand support range and resistance range? Well, it gives you a better understanding of where the stock itself or the ETF itself normally bounces. Where it tries to recover bounces and it tries to recover, gets rejected, Sells off potentially is retesting that same resistance last time we sold off.

It doesn't mean that this time we need to, it just means last time we did right. Thursday was very specific with you know, the companies that obviously reported earnings. Um, and if I'm not mistaken. I actually think it was Wednesday that we had the Fomc meeting.

but on Thursday we saw an aggressive sell-off and then an aggressive correction on Friday. So we'll just have to wait and see what actually ends up happening but a lot of consolidation with the market. One of the things that I want to remind you is you get to decide when you choose to trade. I mean I don't know if you guys have been watching the videos that I upload over the weekend.

They're more based off of my experience and my story and less about an individual stock itself. It's more just because I feel like as you're just getting started, there's going to be a lot of challenges and one of the things that I want to remind you is how important it is that you are aware that you get to decide the conditions that you expose yourself to. I mean we have a lot of traders that are learning to be disciplined and learning to be very selective and there's nothing wrong with that. If anything I wish when I first got started I would say more no than I did yes, do you get what I mean I mean let's be honest.

I mean over trading is a challenge that a lot of people struggle with including myself and especially with this week we have really big tech companies the biggest right Apple reports earnings we'll have to double check Apple is set to report earnings on Thursday after the market closes as well as Amazon right? Amazon Apple reports earnings coinbase dust to Airbnb DraftKings we got wish normally big tech companies report after the market closes on either Tuesday Wednesday or Thursday Mondays tend to be slower days, but normally the bigger Tech is you know a long Tuesday Wednesday or Thursday for Tuesday we have AMD Amd's a pretty big tech company. We also have Uber this is before the Market opens, not as significant but AMD we got Starbucks Pinterest all reporting earnings after the market closes on Tuesday on Wednesday pre-market CVS Humana generic after the market closes PayPal Shopify Qualcomm Robinhood Etsy So those are the ones that stand out the most to me and then before the Market opens on Thursday I don't see anything too significant I mean we got Wayfarer here Expedia Nothing that I'm paying attention to. We got hasbros here Uh, but on Thursday and the reason that I want to bring this up on Thursday after the market closes I Really want to live stream this? Uh, because I mean these are the biggest tech companies, right? And if Apple skyrockets or if it crashes, it will move overall markets right. It was very similar to kind of what you saw last week on Google and Microsoft reported earnings.

These companies are worth trillions of dollars and the exposure and influence that they have to these baskets. These indexes right like NASDAQ and S P 500 are quite significant. So depending on how Apple and Amazon report earnings even if you're not invested in Apple or Amazon but because they have such a large influence, they most likely will move whatever stocks it is that you're invested in if it's Tech related, so it's quite interesting. I Love kind of paying attention to things like this.

Um, and if you've never seen a company report earnings as big as Apple or Amazon I hope that you can stay subscribed and at least get a get to experience that live stream on. Thursday So now that we have a little bit of a better understanding of what companies are going to be reporting earnings, right Apple and Amazon being the big two, uh, feel free to let me know in the the live chat what stocks you guys would like me to break down I Wanted to start off with the first two I Don't want to take too much of your guys's time this Sunday I Just wanted to make sure that you guys were aware of what big tech companies are reporting earnings so you can prepare in advance, right? Our job's not to predict the future. our job is simply to prepare. So now would be the time where you either you know, manage your position size.

You can add to it. you can reduce it. You can lock it in. you can open a position.

I Mean now is the time it shouldn't be when the stock itself is selling off or skyrocketing that. Then you begin to ask yourself what plan should I have right now I Mean you create the plans in advance, right? So Amazon very quickly has been performing. Uh, pretty well, right? especially for 2023. just like the rest of Tech.

But if you look at this in comparison to Apple right? I want to compare the two? I Mean Apple is at all-time highs, right? We exceeded previous highs. Apple is absolutely. You know, nearly at 200 a share, it's at 3.08 trillion dollars for its mark cap. I mean Apple is killing it.

But when you look at something like Amazon Amazon is not at all-time highs. I mean all-time highs for Amazon are 188.65 We're still shy of that, right? We're still shy of 140. Um, why? Well again, Amazon just hasn't had that type of bounce back like Apple. But Apple's just a different monster within itself.

It's a very tuned, well-tuned machine. and I think this can be very interesting to see because a lot of people think that we're gonna re-enter this form of pullback or correction that now that NASDAQ has has made quite a recovery. Um, I don't know. I'm not here to try to predict the future.

Uh, but you just have to take into consideration how much we have recovered already. I think it's quite impressive. Uh, to say the least. right? from Lowe's 52-week lows at 81 to this full recovery, 64 is what Amazon has gained.

It looks like we're testing the same general resistance range. We're coming up on the same resistance right around 140 and it looks like for the past couple of weeks Amazon has kind of been trading sideways and it hasn't been been able to surpass that same resistance. So I think that this earnings, uh, can really set the tone. Are we going to break above and make new highs and continue this rally that we've had for all of 2023? Or is this going to be the start of the reversal right? Are we going to break below the moving average and actually begin to sell out? Take into consideration since we made 52-week lows, Amazon has rarely I mean just once right has rarely broken below the moving average on the four hour time frame.

Now, there's no such thing as a perfect indicator, but I think it's just important to pay attention to when we do begin to see struggle or consolidation or choppiness. Remember, those are less favorable conditions, so therefore, at least for myself I Want to choose to be less aggressive during less favorable conditions, right? Which means that my position size probably just has to be a little bit lighter instead of more aggressive when things are not as certain. As of right now, it's still a beautiful uptrend. We'll just have to wait and see until Thursday when Amazon and Apple reports earnings.

But when it comes down to Apple itself, Apple is a well-oiled machine to say the least. Higher highs, higher lows? It's not even close. Look at this. Apple's not even close to the moving average And this is.

this is a common quality of Apple itself, right? This is why a lot of people just view it as a long-term investment and as just because we did it with Amazon, we'll do it with Apple as well. From 52-week lows to you know, all-time highs 58 return. We talked about this when Apple was below a hundred and thirty dollars a share. It's like, you know you're either gonna regret it that you didn't buy it at 130 or anything below here.

For those long-term investors, this is. obviously. it's not a stock that I would personally day trade myself. Uh, just like Amazon It's not a stock that I would personally day trade.

normally. it's just not as volatile, right? They have very consistent but slow moving days. It's a position that I view as a long-term investment. So congratulations to all of you that have taken part of that and have made you know a nice percentage return.

Um, so let's go ahead and check out the next one. So all Ricky is going to play is Tkq and ask most likely right One of the things that I really like to preach. Man, it's just my focus right? Um is why over complicate your children? We have people like I have no idea who this guy is but um, let's check this out. Nice two subscribers.

okay um we see people like this that like oh my God Ricky You only focus on Tqs or Sqs and I and I love when this thing gets being brought up because it's like okay, will you focus on 10 to maybe 15 different stocks but you lose money on all of them. So what are you talking about right? It's like, why wouldn't you encourage someone to keep it simple, right? The market is so complex and therefore, if you can encourage someone to find their Niche I'm not saying that you need to trade NASDAQ like I do I don't care what you do, you're an adult. You be your own person, right? You can trade gold you can Trade Tech right? You can trade NASDAQ You can focus on S P 500 Dow Jones The idea is to find your Edge and when Mark gets up I know exactly what to jump into, when Mark gets down I know exactly what to jump into I Think that's what's most important is that you put yourself in a position where you feel comfortable in the opportunities that you choose to take advantage of and I view that to be again. Just a very, very common mistake that so many beginners make is that they're always on the hunt for the next big trade.

yet they're just always chasing and never actually doing anything which I think is again, just quite funny. Um, right here we go. But let's go ahead and break down some of your guys's top stock. So again, if you guys want me to break something down, uh, feel free to share it in that live chat.

So I Love TQ and Skq Nice and simple. great for swing Trading Uh, all right, let's do food. but I think football reports earnings. Yep, Fubo reports earnings on Friday Here we go I think the person that was talking about that all I trade is one specific thing is it must be someone that's still back holding AMC right? What do you guys think? Maybe Maybe not too good? All right.

So Fubo very quickly. let's go ahead and break it down. so Fubo does report earnings on Thursday on Friday Um, and it reports earnings after the before Market open I Personally do not like to trade or hold uh, positions. uh, when a company is about to report earnings, but this is very easy to see.

Fubo has consistently been making lower highs lower lows. You might be thinking that Okay, well, it's been showing different qualities and trying to show signs of a recovery. It's just too risky for me, at least for myself, right? We all see value in different ways and I want to encourage you to do what you think is best, but with the two dollar stock I mean this is considered a lower cap stock. at this point, it's just too risky for me.

These moves and the dollar amount that I choose to trade with, it's just not something that would meet my criteria. But with that being said, I think it's going to be quite interesting. I mean this thing is either going to absolutely Skyrocket or absolutely dump. So I would love to follow up with this before the Market opens on Friday and see how it reacts.

That would be kind of the big move that I would be paying attention to, but again, I Normally try to stay away from companies that trade under five dollars a share and that also have been on a consistent descending pattern. As Fubo has, it just doesn't meet my criteria. but again, we all have different criteria so you let me know. Um, yeah.

so I don't trade stocks below thirty dollars? Definitely. Chris I mean I I See where you're coming from, right? You want to be selective and the opportunity that you choose to actually take a part of so uh, is shop profitable? That's going to be the big question because Shopify also reports earnings this week. So I don't know if you're aware of this, but Wednesday after the market closes, Shopify is reporting earnings and its performance for our time frame. What do you guys think? Not bad, right? four hour time frame.

It's been making a steady recovery from lows of 23 dollars higher highs, higher lows. It's above the moving average. This looks good, but a huge gap down right? Shopify has really been trying. I Love Shopify as I mean it's a it's a software that we use ourselves for, you know, type of peril, right? But it doesn't matter about what I think or my you know belief about it, it just has not been a well-performing stock.

So again, in my opinion, it's just too risky with these really volatile moves. I Mean if you take it into consideration percentage-wise I mean that's a 16 move in two to three days and then a consistent descending pattern from that point moving forward. So you have to be very careful with your entries with your exits. No one wants to block them profits.

If there's a break of pattern, then you cut losses. so again, just making sure that you really hold yourself accountable. Um, so let's see. so Ricky Quick question: When you say that you want to wait for confirmation, what is your actual technical definition of confirmation? So higher highs above the specific you know time frame that I'm looking at it at.

So if I'm looking at today, trade something. Uh, normally full-on confirmation for me would be like on the five minute time frame. Let me give you an example. and again, just because that's where I see confirmation.

it doesn't mean that that's where you need to see it, but an example would be kind of like confirmation of a sell-off. There's a lot of consolidation here. Direction was very unclear. We didn't know if QQQ was going to Rally or if it was going to sell off, but once it broke below the EMA once it broke below the moving average, it was an active sell-off showing lower lows and lower highs.

and again, it was an active active sell-off. which made sense, right? if I if I just was presented to this and none of this happened already. But then we see more red than we do green, we're trading below the moving average. We just broke below every support range and then we see the previous gap down that it had the day before and we see where we're at now with an active sell-off.

I could be like, okay, it's an app active sell-off. It's gapping, it gapped up overnight, but now it's Gap You know it's selling off. So therefore, this is the range that I have to work with based off of recent patterns and that would meet my criteria right if I were to see it that way. But obviously it's different.

Um, every single time something gets presented to you, there's different things to take into consideration if it's based off of news, if it's based off of a technical sell-off right? But but I think that's why Again, it's so important that like during our live sessions where I get to share those open thoughts uh, in real time, right? Um, but I think that's what I love so much about the stock market is that every single day is so different and also so challenging. So all right. Okay, Okay, any thoughts on Ask Kiki No thoughts because again, it's not about ask Kiki Q It's about where the NASDAQ Market is at right and based off of recent patterns on the 30 minute time frame, if I were to ask the chat room right? So before you guys ask, um to break down another stock, let me ask you guys very quickly. Is Direction super clear right now on the 30 minute time frame Based off of last week's performance, right? Friday Thursday Wednesday Tuesday Monday right? A lot.

What? What do you see here is is the market Bullish. Is the market bearish Based off of what you saw from last week's performance, I Would personally say that I mean it's not. It's not bullish, but it's also not bearish, right? Just consolidating. We are still unsure if the Market's going to continue to try to make new highs, or if it's going to retrace back down, test this same support, and what happens if it breaks the support.

Where are we going to sell off to right? Obviously, overall, Market's been more bullish than it has been bearish, but based off of last week's performance with this consolidation, it's still uncertain. So again, if I'm trying to be super, if I'm trying to be super super Conservative then the idea would be is we wait to break above 385 and that would be in favor of tiki Q Or if it begins to retrace right back down to its previous support range, then that's in favor of asking EQ And then I would cover as we get close to the support because it's been bound in here so so often. So all right, let me go ahead. I'm just going to do two more breakdowns and then we'll call it a live stream.

So and again, I Really do appreciate you guys taking time out of your Sunday to join us here. So if you guys have any questions even after this live stream, don't forget, shoot me a direct message via Discord or Instagram and that's the first or third link in the description down below. Uh, let's go ahead and break down of course, but no see someone asking for me to break down Tesla So here we go on the one hour time frame. uh, I Feel like personally in Tesla I mean an amazing recovery If we talk about its overall performance, right? Tesla has had one of the strongest bounces, but Tesla's also known.

It's notorious for being extremely volatile, Right from its 52-week lows of 101 to its overall highs of nearly 300, that's 180 return, so that's that's super impressive. But Tesla has been very, very choppy, especially over the weekend. I Don't know if you guys saw Twitter has now been converted to X It's going to be quite interesting to see it just based off of Elon's actions. It always just somewhat influences Tesla's stock performance.

so I'll have to wait and see even though it has nothing to do with the actual company itself. Uh, people just love to, you know, move the overall stock itself because I know it affects Elon. But as of right now, I would I would say the best time frame that I can see right now would be the four hour time frame I Feel like the one hour time frame? We're still getting a lot of consolidation, but if we look at the four hour time frame and you let me know what you think on the four hour time frame, we can still clearly see that we're testing the moving average as a support range and we're testing the EMA as a potential break above and the times that we've tried to break Above This EMA right? You see that right here. Every single time that we go and test, we get rejected.

We test, we get rejected, and the it's an ascending support with the moving average and it's a descending resistance with the EMS. So what does that mean? Where does this leave us? Well again, this is where confirmation comes in play. Are we going to show and see signs of progress above the EMA on the four hour time frame? Or are we going to get rejected? Break below: support and show progress meaning lower lows and lower highs of closed candles below the moving average, right? This is what we have to wait and see. This is where it pays to be patient.

so I'm excited to follow up. That just means that we have to re-update our alerts, making sure that we're aware that it can go literally either way, especially with big Tech reporting earnings this week of Apple and Amazon uh, this? Thursday But again, if you try to rush into it and hope that you get lucky that's on you or you can keep it simple set, set your alerts, wait for confirmation, and then choose to react right. either go bullish and or go short depending on what side it ends up choosing is what most likely I'll begin to pay attention to. Let's go ahead and do one more.

So on the sidelines to start the day. yeah and I think that's the most I mean people joke around about it because they're they're just like what? Am I going to just do sit around all day and I mean I can see some comments of like come on like what what's the market going to I mean if if you believe that trading is just all just a bunch of trading I feel like then you're That's why you're in the exact position that you are right now in life, right in reality and there's no exact percentage. But for those that are actually doing well with the market right, especially as day Traders which is considered to be more risky I would say that it has to be more than half the time I Want to say closer to 80 to 90, but just to be conservative, more than half the time that you are spending in front of your screen you are waiting for something to happen. You are waiting for an opportunity to present itself if you are opening up a trade every single day without it meaning your criteria I mean that is exactly why you are in the position that you are today because you lack discipline and the ability to wait for a true opportunity to present itself.

So yes, trading should be 90 to 95 of just waiting for something to happen and then five percent actually trading right. You should be encouraged to be selective. but I think it just really comes down to your experience of you know after you fail so many times you either learn from it or you get burned from it and then you just leave the market right? And I think that's the beautiful thing. It's let's filter out the herd, right? Let's filter out the people that aren't that aren't made to learn from their mistakes.

So if you're someone that has an ego issue and you're unable to really actually learn from, you know the the previous mistakes that you've made. I mean the market will bring that to life. Very, very simple. I Appreciate that.

Victor I'm glad that you enjoyed the last video. So Lac What's going on? Evan So let's go ahead and break this one down so let's see what this is. Okay, so it was extremely bullish. Now we've been forming lower highs lower lows with this horizontal support, so not necessarily lower lows, but it's not really showing progress.

On the upside, you can see that almost every single time that it tries to Rally right? It doesn't go as high as it did before. When it sells off and tries to recover, it doesn't go as high as it did before. it sells off and tries to recover. not as has before, not as high as before, not as has before.

So this is a consistent descending pattern. This would not be my criteria and why would you put your money in something and hope if something to happen that is not actually happening? you are literally putting yourself right. It's the analogy. Do you want to swim with the current Or against it because this is against the current? It's just going to be more challenging.

not impossible, but simply more challenging. So watching Lpp right now I like that. So what's your take on? Nao All right, this is going to be the last one. So Nio I did hear or did see recently that Nio has been uh, taking off I have not looked into it myself.

Most likely a technical is an end or they released something. I Mean to me, Nio has a lot to prove. Obviously there has to be a really solid Tesla competitor that hopefully comes out in the future. I Just haven't been sold with Nio just yet.

But obviously that just means that I need to take time to learn more about it because it's you know with Lucid what's the other one Nicholas Like pretty trash, right? There's lucid Nio and then Rivion, so I'm really excited I Believe that again. competition instills creativity, so this would only be an encouragement for me to actually look into, especially as these are pretty cheap, right? Are any of these going to be an actual Tesla competitor? So as of right now, it's just too overbought for my taste. Looking at the RSI Looking at the Macd, looking at recent patterns, especially as it's been forming lower highs and lower lows. Do I want to buy just because it's indicating signs of an option when it's extremely overbought and hope that it continues to.

Rally I mean I have to sometimes at one point accept that I've missed a rally. This is where Fomo kicks in and where you can really burn yourself, right? So overhyped in my opinion. But again, overall big. Tech Reporting earnings this week Apple Amazon Thursday After the market closes I will be live streaming it.

so again, just another reason to subscribe. If you guys haven't done so already, we have Shopify after the market closes on Wednesday AMD and Starbucks after the market closes on Tuesday and then Uber reporting before the Market opens on Tuesday. So I really do appreciate you guys time. I Will see you guys tomorrow right at Market Open for our live trading session for all those that are part of LBP team if you're not part of LBP Just yeah, you don't have to be.

But again, if you want to watch me trade live as soon as tomorrow, it's a one-time payment, lifetime access. and yes, you will get to watch me trade live every single day. And that is going to be that second link in the description down below. And it is our biggest discount.

so feel free to check it out and let me know if you have any questions. And again, that's the first or third link in the description down below. Appreciate your time like always. Let's make sure that we're in the year on a green out to you dizzy team.