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They are calling this Market the most resilient Market in history. What's going on guys? It's Ricky here with talk about Solutions here with a super Quick market update I'm sure some of you guys have already seen my update uh that I posted both on Instagram Discord and on Twitter end of the day Uh, a little bit over four thousand dollars in the red. Silly silly mistakes I call them silly because they're very basic and anything that's very basic is silly. Uh, there was a time where the market actually did begin to sell off in my short positions for doing just fine I saw it break below the moving average I thought that that was confirmation right on the one minute time frame.

but like we all know, uh, five minute is a lot more accurate I wish I would have paid a little bit more attention to it because we never broke below that EMA line on the five minute and I should have never tried to re-enter Sqq. I ended up giving back as it bounced off of this moving average I went back to previous highs and then I just ended up cutting losses I went from Break Even where I was already down four thousand or nearly five thousand to break even so then just giving it all back. So again, you win some. You lose some yesterday I won today I lost um tomorrow I'm just going to keep it very simple I Just wanted to highlight some of the things, um, kind of my big takeaways.

First off, NASDAQ Market If you guys ever pay attention to Nasdaq futures, you guys can Google search them right? because Futures trade longer than the actual Market Nasdaq Futures as of right now is down 0.35 Which means that if the stock market were to be open right now, Tqs would be up would be down three times. Sqs would be up three times of this. so Tqs would be down one percent. Excuse would be up one percent.

Very simple way of thinking it. Uh, when it comes down to economic calendars uh, or economic report and what's going to be released tomorrow with we have the consumer Michigan sentiment report Uh, that's going to be released 30 minutes after the Market opens. It's not a super impactful, uh, economic report. The market might move a little bit, but again, they're just normally short-lived Catalyst Um, and when it comes down to what we have to look forward to, this weekend is going to be a three-day weekend due to observance of Juneteenth Uh, which is going to be on Monday So according to my understanding, the stock market's going to be closed on Monday So please make sure that you are aware of that just so you don't leave yourself in any open positions that you do not want to hold over a three-day holiday weekend when it comes down to QQQ This is something I Wanted to break down with you guys very quickly I Wanted to talk about Apple.

Apple is at all-time highs, not 52 week highs, not previous highs. Literally all-time highs currently sitting at a one 2.93 trillion dollar market cap. But it's not just Apple Microsoft also surpassing previous highs. Again, the most resilient Market in history is what some are calling this 2.59 trillion for Microsoft and Nvidia Also F you know, all-time highs with a one trillion dollar market cap.
The only one that is not to my understanding at all-time highs is Amazon. But Amazon's still in that trillion dollar club. Uh, it's just crazy to see how much Apple Nvidia and Microsoft have gained since a very bearish 2022. And one thing that I want to share with you guys very quickly is current NASDAQ levels.

and please do your own due diligence. but current NASDAQ levels where we are right now. When's the last time that we're at this level? the start of 2022? Literally the first week to second week of January 2022 and then that's when the market went into a big bear market. So right now, the RSI at 79 RSI on this day chart when looking at the Macd, very overextended.

Literally everything is is screaming overbought. But guess, guess what? Market is still bullish. Super simple, right? So my focus for tomorrow is K-i-s-s Kiss. Keep it simple, stupid right? Uh, made I Made a very simple mistake today.

No reason to over complicate it. I'm going to focus on one thing on one thing only five minute time frame and focus on direction. If markets bearish, then I'll short if Market's bullish, I'll respect it and I'll go along. Other than that, again, I'm going to start small with my position size and then I'll average up into it if Direction ends up being favorable and I see that direction is clear and concise.

Again, this is something that will break down in a little bit more detail during our live session with the Lpp team. Friendly reminder: I Do Trade Live Every single morning if you want to watch me trade live as soon as tomorrow. I'd Love to have you for our live trading session. That's going to be the second link in the description down below and again, you can join us as soon as tomorrow at Market open.

If you have any questions about joining me for these live sessions, feel free to shoot me a direct message via Discord or via Instagram which is the first or Link in the description down below. I Really do appreciate you guys time. Congratulations to the Bulls And like always, let's make sure that we end the year on agree Now take it easy team.

By Stock Chat

where the coffee is hot and so is the chat

31 thoughts on “The most resilient stock market in history…”
  1. Avataaar/Circle Created with python_avatars MrWallStreet says:

    THEY DO NOT KNOW THEIR HISTORY VERY WELL OR IT IS SOME MILLY THAT ISN'T OVER 30

  2. Avataaar/Circle Created with python_avatars bigsidable says:

    Been doing this for 12 years. Seen this market just blow right by every headwind and challenges thatโ€™s been thrown at it. I started in 2010. And the bull keeps on charging.

  3. Avataaar/Circle Created with python_avatars luis valencia says:

    Itโ€™s alright Ricky we all make mistake just sucks when we pay for it ๐Ÿ˜‚๐Ÿ˜‚ but hey that helps us learn and grow

  4. Avataaar/Circle Created with python_avatars judith painter says:

    Who won the car?

  5. Avataaar/Circle Created with python_avatars Daily Meditation says:

    You're looking real dumb with all those fear mongering red day thumbnails. Just last week you were calling for a "crash", especially in NVDA ๐Ÿ˜‚

  6. Avataaar/Circle Created with python_avatars Steve Hettinger says:

    Market only goes up.

  7. Avataaar/Circle Created with python_avatars Tx Xt says:

    Market had to be look bullish and healthy. FED already plan these layout to support their decision on pausing rate hike and raise debt limit. Bull to the moon until run out of gas and we crash again.

  8. Avataaar/Circle Created with python_avatars ClockinLoot says:

    I just think it is as simple as they canโ€™t have a crash before the election

  9. Avataaar/Circle Created with python_avatars rene topeka says:

    It's just like things turn around from last year's bear market destroying bull now destroying bear as fed mistake so far than market sentiment. Never ever happened from there till now

  10. Avataaar/Circle Created with python_avatars ZAPSTER says:

    Every stock needs to adjust to an inflation price therfore you will see a totally different average by next year.

  11. Avataaar/Circle Created with python_avatars ์†Œ์†Œํ•œ ์—ฌํ–‰ says:

    I think Nasdaq will hit the all-time high this year

  12. Avataaar/Circle Created with python_avatars Hopium says:

    Resilient ๐Ÿ˜… that's so awesome. It's called a bear market rally. Nothing historical about it. This has occurred in every bear market rally in the past 100 years. This is actually still soft.

  13. Avataaar/Circle Created with python_avatars Dark Veil says:

    Nasdaq has 1% more to go before full retracement of bear market bottom. Algos are pushing this rally and tricking everyone to fomo.

  14. Avataaar/Circle Created with python_avatars Lani Kutcher says:

    Ricky going against himself. Don't guess.

  15. Avataaar/Circle Created with python_avatars Ticker Nerd says:

    Ricky makes good points here, the golden nuggets I got:

    ๐Ÿ’ฐ The stock market is being hailed as the most resilient in history, so be aware.
    ๐Ÿ“‰ Mistakes in short positions caused losses, highlighting the importance of the five-minute timeframe.
    ๐Ÿ“ˆ Apple, Microsoft, and Nvidia have reached all-time highs, while Amazon remains in the trillion-dollar club.
    ๐Ÿ“… Economic calendar includes the consumer Michigan sentiment report and a three-day weekend for Juneteenth observance.
    โš  Market is overbought but still bullish; focus on simplicity and the five-minute timeframe for trading strategy.

    Anything else?

  16. Avataaar/Circle Created with python_avatars Elsa says:

    READY FOR THE RUG PULL? it's soon to happen ๐Ÿ‘

  17. Avataaar/Circle Created with python_avatars aka piff says:

    The most hated rally lets goo

  18. Avataaar/Circle Created with python_avatars CaseLaw_Sponge says:

    Of course when it's been this way since the bank collapse.
    Kinda like Biden and Powell meeting last May

  19. Avataaar/Circle Created with python_avatars Gamer Teez says:

    Most resilient in history is hilarious. 2021 was the feeble tail between leg market but now all of a sudden it's resilien

  20. Avataaar/Circle Created with python_avatars Chris Esparza says:

    Deez nuts are more โ€œresilientโ€

  21. Avataaar/Circle Created with python_avatars 7aylashi says:

    I canโ€™t believe seeing these levels in the market ๐Ÿ˜ข

  22. Avataaar/Circle Created with python_avatars Justin Dir says:

    Brilliant resilient fan mail from 27million and I want it all !!!!!!!

  23. Avataaar/Circle Created with python_avatars Mr Newton says:

    Ricky… Look at the 5 Day and 15 Day with Standard Dev 2. Obvious where to Enter and not Enter (Day or Swing).

  24. Avataaar/Circle Created with python_avatars java mochafrap says:

    Lol. Its obviously not that. Marketmakers are holding it up. BS market

  25. Avataaar/Circle Created with python_avatars Syed Hassan says:

    Thank you Ricky. You are a great trader. You admit your mistake to help us avoid.

  26. Avataaar/Circle Created with python_avatars Lee Sommer says:

    Ricky, Many of us donโ€™t use Instagram. Why not post the winner on YouTube?

  27. Avataaar/Circle Created with python_avatars TradingLikeABot says:

    Itโ€™s never a good idea to fight the trend.

  28. Avataaar/Circle Created with python_avatars MVP SPORTS says:

    Weekly RSI nearly 77 on the QQQ ๐Ÿ‘€

  29. Avataaar/Circle Created with python_avatars Bhavdeep Purba says:

    Ur calling it that

  30. Avataaar/Circle Created with python_avatars MVP SPORTS says:

    Daily RSI almost 80 on the QQQ๐Ÿ‘€

  31. Avataaar/Circle Created with python_avatars NqHavoc says:

    ๐Ÿ˜‚

    The most manipulated market in history && I love it โค

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