We just had one of the best trading weeks since march of 2020.. What's going on team, it's ricky with tech, but solutions here with a quick little recap, but, most importantly, actually going to be talking about specific things that happened this week and also in preparation for next week when it comes down to fed meetings. I hope that you learned something new. I upload new videos every single day about the stock market, so if you would like to stay up to date, all i ask you to do is to drop a thumbs up if you feel like we earned it and of course, please consider subscribing.

So let's go ahead and jump right into it. I have my notes here and let's go ahead and start breaking it down the dow jones on the day: 2.8 on the day: growth, uh s, p, 500, 3.06 percent, nasdaq, 3.34 and overall nasdaq on the week 7.5. This means that t qqq, which is the triple leverage etf, that i personally focus on gapped up over 20 on the week again. Finally, breaking that three week, red streak that the market had so.

Finally, you know on the fourth week we broke it. It's a green week. Tqqq is pretty much borderline trading at around 28. A share.

I made 39 000. If you guys follow me on instagram, if you guys don't the link is down in the description, i posted a quick little update. I can make a video breaking down my 100 000 week, if you guys would like me to uh, but let's go ahead and before i talk about my trades, i wanted to talk about what is going on as of right now. So i can't stress enough this moving average uh and this ema line.

We talked about this last time. Everyone, not everyone, uh, because i feel like now as the market has sold off for six months right since the beginning of the year, the market's been selling off. Finally, people are beginning to realize that it's not that we're spreading fud right, uh fud was shared to me by some meme traders uh with the idea that, like i'm, trying to instill fear no, not at all. It's i'm trying to make you aware that the market is not getting better.

The market is not showing progress or signs of a recovery, so why would someone be fully invested? It's kind of just like looking out for the beginner investor. I wish someone would do what i'm doing when i first got started, and i hope that you guys understand that you know when i, when i talk about tkq and or my you know, apple amazon and tesla position, encouraging you to be conservative, encouraging you to maybe Potentially reduce your position size if you can't tolerate pullbacks, that's not in my best interest check this out. I have 360 thousand dollars in tqq. Do you really think that it's in my best interest to encourage a beginner to lock in profits? No, but i'm not here.

I don't need other people to hold for my own benefit. I want to look out for the beginner trader, because if things do go south i would rather you guys look out for yourself and be aware why, with that being said, the one day - ema, as you guys can see here, so we got the one day. Ema, acting as a resistance, my ema set at a length of 30, and the reason that this is so significant just hear me out ever since we broke below it back in january of 2020, rejected, rejected, rejected, rejected, there's only one time that we broke above it And then guess what russia attacked ukraine broke below it, we tried to push up broke below it tried to push up broke below it last week, right sorry, a week and a half ago right before the cpi data came out. What did i make videos on hey? You know we did really well that week because the market also sold off, so we bought the dip.

The market began to trade sideways for about three to five days. What did i say in that video? Hey we're approaching this ema line on the day chart. It's acted as a resistance all year long, i'm not a genius, but patterns tend to repeat themselves right and with that being said, i would rather play it safe than to be sorry, the market's been selling off for six months. So why not play it safe? What, oh, is this the one time that is actually going to push up? Who cares? I can jump back in right, there's so much upset margin.

My job here is not to be perfect. It's to prepare for worst case scenario. So this is why i'm bringing it up to you guys, i made it made sure everyone. That's part of my learn, plan profit group.

I made an announcement before the market closed today and even after after market hours before that closed and made them aware of hey this resistance at the ema, we are getting really really close every other time. We've gotten rejected if you are not in a position or if you're too heavily invested. Maybe now is the time to reduce your position size. You think that's in my best interest for other people to sell no, not at all i mean.

If anything, i need people to buy, but guess what i know it's going to take time for me to make money, and i would rather someone that's just getting started, not get discouraged by being encouraged to buy and then the market sells off. I want you to be aware of the why why i'm making you aware of this resistance level, because it's so consistently gotten rejected at the same level? That's what i'd like to share with, in my videos, the why behind i do things or the! Why, behind i don't do things? Do you get what i mean all right so now that we talked about that moving average and that resistance level? Now that you guys are aware of that um next week? I thought i would have it up here uh, but there is a fed meeting on wednesday, 30 minutes before the market opens. I would love to host that live stream for about 15 to 20 minutes, and then i have to go live with my learn time. Profit group, so if this video gets over 1 000 likes, i will host that live stream free on youtube.

Just make sure that you subscribe and get this video over to 1000 likes. I just want to make sure enough people show up in the end. This is on wednesday, 30 minutes before the market opens, so you wake up and you show up and you're there and or you know i'll just do it for our lpp team with that being said, okay, so let me go ahead and check out my notes. All right, um, one of the things that i quickly want to point out, is that on the one hour time frame, we are now beginning to trade above the moving average.

So that's progress, a step in the right direction. Market sentiment was really good today, and the last thing that i want to talk about is the vix, so vix is super important to understand. This is when pretty much fear gets instilled into the market. It's called the it's referred to as the fear index.

It follows the s p. 500, a little bit closer, but with that being said, you know any time, so you might be asking like ricky. How did you know that the market was going to recover? I don't i never know any like it's. Never that you know.

100 that it's going to happen, but let me show you this every time that the vix shoots up and it approaches around this level around 34 to 35. The reason i'm sorry 34 to 35. The reason that these levels are super super important is that almost for the past couple of months every i mean there's a couple of times that it does surpass it, but anytime around this range, it's never perfect, but around this range you can see here. Sometimes at 32, sometimes at 34.

you can see the rsi it's very overbought. This is when fear is peaking. Now, when fear peaks the market sells, i mean when, when fear is high market's selling off, but then when fear peaks and then it begins to you know, fear is - is no longer present in the market. The vix index begins to pull on back and, as this thing begins to pull on back, then guess what happens? The market begins to recover now.

Why is this important? Well now we are approaching kind of a support range. You guys can see right around 26 27 to around 25 for the vix based off of previous support levels. I'm just making you aware of this, the more fear or the more that something validates a support level i mean anything can really be announced. Any news article.

Any you know something on wednesday can be said by jerome powell and it can instill more fear into the market. This is why i'm making you aware we are. We are at a critical level that is considered a support range for the vix at any time that it's near this level, it tends to find its support, and then it tends to you know, begin to rise again and then, when the vix begins to rise, the Markets begin to fall, so i think it's important for you to understand that correlation. So it's not that i knew that the market was going to drop but based off previous patterns.

This is considered overbought overbought and it tends to pull on back and when the vix tends to pull on back. The markets begin to recover. So again, this is kind of an edge right by understanding how the vix works and oversold and overbought levels you can have a better understanding of maybe when to buy your swing trades and then lock in profits on your swing trades. If you choose to do so.

Overall, i'm very excited uh to follow up with tqq with the overall market. I have my tesla position. Let me go ahead and show you guys that i haven't really added too much to that. So i have my tqq position.

I have my tesla position. I have my amazon position and i'm excited to buy, to buy more and to really step on the gas. As of now, i'm trying to stay a little bit more on the lighter side of things um, but again only time will tell if the market begins to show more signs of a recovery. Then great, i will have more confidence to invest more money into it, but allow that opportunity to present itself there's no reason to rush the process.

That being said again, 39 000 on the day, i'm very grateful for it, and one of the last things that i want to remind you is that today we are running our biggest sell ever it's 150 off our learn plan, profit, 2.0, lesson library. You do not have to join, but if you are asking, how can i watch you, trade live? How can i work with you on a closer basis? Is there something that you offer that's designed for beginners, that's more structured. This is literally the only thing that i offer i offer. Nothing else.

Learn plan profit. 2.0. It's all-inclusive! It's a one-time payment lifetime access. You can watch me.

Trade live every day. You can watch every previous live trading sessions. You get access to the a2z video lesson. Library, our private group chat and, yes, you get access to my tech.

Buds trading hq located in chandler, arizona, again all-inclusive one-time payment lifetime access and our biggest sell that we offer is 150 off the first link down below. So if you've ever wanted to join and you've been looking for a discount, now would be the time other than that. I really do appreciate guys time. I hope and wish you guys an amazing weekend i'll make sure that i keep you guys up to date.

Again. I hope that i earned your thumbs up on this video. Please consider subscribing and like always, let's make sure that we in the year on our green now take it easy team.