Hey, what's going on team? It's Ricky with tackled Solutions Welcome to our Sunday stock talk. Uh, today we're going to be covering uh and following up with the overall markets as uh, the US comes to an agreement with the U.S debt ceiling for those that haven't been kept up to date Um, as of right now again Nasdaq futures are open right now. Uh, Nasdaq Futures Dow futures S P 500 futures and we can see that we are in the green. So this is where it looks like we closed at on Friday and then opening up today, right? So from Friday to today being Sunday we gapped up to highs of 14 400 for the NASDAQ Market It looks like right now we are testing our previous report range at 14 400 and we'll see if we actually hold at this level or if we begin to retrace.

Uh, right back to where we were. Um, at Friday close right? it's about Friday close. It looks like we were testing right around 14 366. this is actually not that big of a jump.

Um, that I would have expected and I Guess this kind of answers the question so far. Um, a lot of people were asking rookie um, is the market going to continue to rise when the agreement for the U.S debt ceiling is finalized right? and it seems like it's already somewhat factored in. One thing that you also need to take into consideration is that um President Biden Spoke about this today I think it was about 30 minutes ago, maybe an hour ago and he gave a quick little speech, kind of giving a little bit more um on the details of what this compromise was for both sides. He made it very specific that no one got exactly what they wanted.

um and it had to be a compromise on both sides, but it sounds like again, originally based off of Biden's original statement right Biden said that there is going to be no compromise, there is going to be no negotiation. raise the debt ceiling and let's move on with this. but based off of what ended up happening right and one of the reporters asked them I thought you said you weren't going to compromise what happened he's like, well, what would have been the other alternative, we default right? That would have been the first time in U.S history that the U.S default I mean that would have been catastrophic for the stock market. Uh, for people who rely on government Aid I mean the government literally would have no more money uh to be able to pay government employees.

um and all that stuff. So who knows what would have happened for such. Um, you know, based off of my earlier video today for from this like fabricated event right? Uh, it's been said that a total of 90 times is the number that the U.S debt ceiling has been raised. so why over complicate it this time right? Um, and that's kind of.

The question that everyone was asking is like why is this becoming such a big deal And obviously the Republicans viewed it as a as an opportunity to negotiate Um and I wanted to quickly cover some of those things that were covered in that negotiation right in that in that uh compromise. So after two weeks of negotiation, Biden and house Speaker Kevin McCarthy sealed a tentative debt limit deal Saturday night. The agreement includes a two-year debt limit increase meaning that they're going to raise it for two years, right? and we'll keep non-defense non-veteran uh, discretionary spending about flat with current levels uh for the next two years. It would also impose some new restrictions on certain government.

Aid That doesn't really surprise me again. anything that has to do with government AIDS I Know, the Republicans really wanted to cut back on spending, so it doesn't surprise me that that's something that the Republicans wanted to put into place to make sure that again, we don't continue to dig ourselves into more debt. The other thing that I understood from this compromise is that the Republicans did not accept the Democrat request to raise taxes so there will be no additional tax that is going to be added and that is thanks to the Republicans based off of this specific negotiation. So you guys let me know in the comment section what you think about this but just wanted to make sure that you guys understood some of the details.

One thing that a lot of people are getting confused and again I'm going to get right into it. But one of the things that I wanted to share with you guys very quickly is some I I've I've been getting a couple of messages and some people think that the deal is passed and I think that's where the misunderstanding is. So McCarthy and Biden came to an agreement. It still needs to go through the house and through the Senate so people still need to vote on it for it to pass so it has not passed.

It's just they believe that Biden represents the Democrats McCarthy represents the Republicans and based off of their assumptions, they wanted it to make it enticing enough so both parties can agree and move forward with it. But remember I think the deadline is set for June 5th if they go to vote for it and it gets denied, then we're back to square one. Not that I think it's going to get denied I Just want you guys to be aware of the different moving parts right? So not yet has it actually been settled and raised. When it comes down to the U.S debt ceiling, it still needs to be voted on and passed through the Senate.

So I just wanted to make sure that I reiterate that so you don't have an expectation that Okay, this Challenge and Ops this challenge is over. but we're definitely not over just yet. They still need to pass it through the Senate So let's go ahead and get right into it again. If you guys want me to break down your top stock I Be more than happy to share my opinion on what I Think about it, all you have to do is share it in the live chat.

I Know that you guys probably are with friends and families celebrating Memorial Day Um, you know I don't want to take too much of your guys's time. So instead of doing 10 stocks, I'm only going to do five and then we can film another one of these tomorrow. all you guys have to do is drop a thumbs up and subscribe and I'll take care of the rest. I Don't want to keep you guys away from your friends and family and of course remembering those that I've served.

so can I get your opinion about Lululemon Yeah, let's go ahead and do that. So what is going on is that code it, what's up, What's up? Let me go ahead and um, that's going to be ticker symbol Lulu So on this day chart. So looking at Lulu right off the bat again, one of the things that I like to do is I like to look at the larger time frames I Don't know if this is something that you do yourself, but sometimes when I look a little bit too close uh to the actual you know if I look at the maybe 30 minute or the five minute, it's a little bit too close to it. Doesn't give me the overall big picture and I like to understand the overall big picture.

uh by looking at being able to take a step back right? If I were to ask you, you know, obviously we see a support level here. Obviously, we see a resistance range here. If I were to ask you, are we out of support, We're at a resistance. Are we out of support, We're at a resistance, Or we had a potential support, We're at a potential resistance.

What does it look like it's doing Right now? It looks like it's retracing right and it normally retraces. Normally patterns tend to repeat themselves, they don't always have to. It normally retraces back to 285 and it, you know, begins to challenge this support range. Again, it doesn't have to actually find a support here, but as of right now, it's is an active sell-off.

It's going to test the moving average as it normally does. It's going to consolidate here and we'll see if it holds above that and if it breaks below it. Then again, based off previous patterns, it wouldn't really surprise me if it retraces back to 285 and it begins to test that support. That's just my opinion.

You let me know what it is that you think. Again, you should never trade based off of someone else's opinion. I'm just sharing my thoughts with you. Let's go ahead and of course I appreciate you taking time and joining me.

Uh, here for the Sunday stock talk show I I Really do appreciate breaking it down to the least that I can do for you. So let me go ahead and let's break down some juicy stocks. So again, if you guys want to partake in this, just make sure you're subscribed to the channel and then you should be able to partake uh, in the live chat. Uh, let's go ahead and do.

Marvel I think Marvel is very interesting because Marvel just recently, uh, reported earnings, right? So let's go ahead and check out Marvel Marvel Gapped up to highs of 65. this is 100 my opinion. but what do you guys think? Do you guys think it's overbought or oversold, right? If we're trading at Lowe's just a couple weeks ago of 38 and now we're at 65. I Think it's great for those that are already invested, but for me, this is screaming overbought and overvalued.

It's great that it had an amazing earnings. It's great that it beat expectation and that it has great guidance. but for me, I've gotten burned so many times by trying to chase stocks like this. I'm not saying that the Rally's over I don't have a crystal ball I Can't predict the future, right? All I know is that anytime that something rallies and gaps up this much within a short period of time, right from overall lows to current highs 65 I've missed the rocket ship I've learned that again I need to take a step back, wait for it to correct itself and it still looks foolish and it still meets my criteria.

Then I can revisit the idea of potentially getting into this. but as of right now, if I were in something like Marvel I would consider the idea of locking in profits One stock Again, that I ain't gonna break down very quickly did you guys? Uh, you guys probably don't follow me on Twitter I'm not that active on Twitter I just post from time to time just the Friends up I'm verified on Twitter Um, all the other ones are fake I never message you first I never ask for money I never trade for other people. all of those are fake accounts they'll try to message you on Instagram they'll try to message you here on YouTube um I'm just saying this because I I tried to post about it all the time I will never ask to trade for you or to invest for you or I will never ask for any money, right? I offer one thing and one thing only and that's my learn plan profit group and that's just so you can watch me trade live I Do nothing when it comes down to management of other people's funds, so please make sure that you are aware of that if you ever get a message of someone pretending to be me, screenshot it and send it to my account. I'm verified on YouTube I'm verified on Instagram and I'm verified on Twitter So please be aware of that.

But one of the things that I shared on Twitter very quickly Uh, is that Nvidia sent out I think on uh May 26th. Uh, that there they have the ability they have to announce it right with the SEC they announced that they're they have the ability to liquidate 10 billion dollars worth of Nvidia shares and however, they want to just uh, you know, dispense of that. So the reason that's really important to be aware of is remember: Elon Musk did this when Tesla was very overvalued. He also did this right before he was about to acquire Twitter right? That's why Tesla Uh, sold off so aggressively.

So what does that tell you? What does that tell me right? If the company itself is liquidating 10 billion dollars of its own stock, what does that tell you? After the stock gapped up due to earnings over 25 as of right now, it's up 30 percent and that's great. If you want to continue to partake in this, you're an adult. You do whatever it is that you want, but when you see another Company the company itself after you know gapping up 30 after making 250 million dollars in just two days, right? based off of market cap valuation. What does that tell you? To me that tells me the company itself is liquidating and has the ability to liquidate 10 billion dollars worth of its stock.

That's smart of them, right? They're cashing out their locking and profits, making sure that they have cash right at a very high valuation, and then from that point moving forward, they can make the decision if they need. Capital If we do enter a recession just like Elon Musk and all these other companies have stated, it makes sense on why they are choosing to liquidate shares at a higher price point, right? Yes, maybe it could go a little bit higher, but for them I think that they're taking a very safe way out and that's the same way that I would look if I was trading Nvidia right? Nvidia is at all-time highs. It gapped up 30 percent in just two to three days and to me that's just screaming overvalid. And then the cherry on top is the company itself is liquidating 10 billion dollars.

But again, don't just stop there. You look into it yourself and ask yourself, why would the company itself be okay with selling 10 billion dollars to cash out right at that specific price point? Do you remember, do you guys remember when GameStop stock did this? What? AMC Stock did this right. Like their CEOs and their Executives were liquidating shares when the company gapped up. You know, 100, 200, 300 percent because they know, right? They know that this is a a great accent.

Is it perfect? Well, we don't know, right? There's no such thing as a perfect exit, but there's no. But it's never a bad idea to lock in profits when you can identify that something is overvalued. So I just wanted to make sure that you guys were aware of that. Feel free to look into it.

And then you guys let me know what you think. I wouldn't go into a short with Nvidia right? Nvidia is still very bullish. The overall Market is still very green, right? We looked at Nasdaq futures. they're up 0.54 which means Tqq would be up 1.5 right now.

But I think it just says a lot about the company's intention. I Think it's very clever that that company decided to liquidate 10 billion dollars of that stock. So let's go ahead and break that down. what's going on David I appreciate you asking for me to break down Disney or Costco.

So let me go ahead and break down Costco for you I actually just went to Costco I know Costco recently reported earnings. They originally were red when they reported earnings and then they gapped all the way back up to their resistance. So if I were to ask you right looking at overall loads I'm looking at overall highs. Of course patterns tend to repeat themselves, but they don't always have to.

But I want to ask you right? Uh, David Do you think that this is oversold or overbought based off of recent patterns? So if you can, take a step back and you can see based off of recent patterns, not all-time highs? Nothing like that, but on the four hour based off of recent patterns, overall lows and overall highs. What do you think? Is this oversold or overbought based off of recent patterns? Can you look at? Target I Would love to break down Target especially after what has recently happened. But David I'm asking you, is this oversold or overbought? What's your opinion on it and feel free If again, if you're if you guys are tuning on in, uh, feel free to share your opinion as well. Overbought, right? So for me and again, it's not that Costco can't surpass 510 and that it can't continue to.

Rally Of course, if it breaks through 510 and then it continues to show no break of pattern, then something else is going on, right? But when we see that it was at Lowe's earnings come out, it gaps up very quickly and now is becoming overbought. Normally in my experience, those are short-lived catalysts. And because of that again, the idea of locking and profits is never a bad idea or to be weary when you are approaching a previous resistance range. But again, feel free to do your own due diligence.

Look into it a little bit more and ask yourself you know, is this somewhere where I want to buy or is this overbought enough that I think that it's actually going to retrace before it continues to Rally But again, do your own due diligence and again, I'm just sharing my thoughts with you. Let's go ahead and break down: TGT The Notorious, The Famous Target So Target with a recent drop Again, if you guys are just tuning on in, if it's not too much to ask, hopefully you guys consider dropping a thumbs up and subscribing to the YouTube channel. Uh, so looking at this on the day chart I'm sure a lot of you guys have heard what's been going on. There's some controversial stuff going on with Target right now based off of uh, what they had on display.

uh, Target itself has lost. Um, I Want to say like 10 11 So around six to seven billion dollars of market cap valuation, they're nearly at 52 week highs and I always try to compare it to Walmart Uh, Walmart is not struggling that bad, right? If you look at this on the day chart, it's nearly at, you know, 52-week highs, not at 52-week lows, right? If you look at this on the weekly chart, we're at 147 and based off previous size, we're ten dollars away from previous all-time Highs. But if you look at Target Target is literally all the way down here, right? You guys can have and formulate your own opinions of it of it. Obviously, there's a lot of controversy going with it.

I Personally do not care about the news or anybody's opinion about this. To me, this is this. if I don't think that this is going to be the end of Target I Kind of almost view this as an opportunity, right while everyone else is bad mouthing Target Just like anything, it kind of Fades as time goes on, right? I Don't know 100 if Target is going to fall under that category, but it kind of just intrigues me to pay a little bit more attention to it. While this controversy is going to allow it to bleed, allow it to sell off, and then ask myself okay, you know when this thing and if this thing does actually begin to indicate signs of recovery, then I can revisit the idea of potentially investing into this long term.

Obviously, everyone has their own opinion of it. If you don't want to invest in it, don't right? No one should ever be here to convince you on where you should put your money. But while everyone gets super offended by whatever it is that people are sharing or people are doing I always just ask myself, is this the actual end of a company because of a slight little mistake that they made and if I believe it is, then again, I don't have to invest in it. But if I view this to be an overreaction on the sell side right, then I can almost view it as an opportunity.

Yes again. I Know it's very controversial for some people. You guys can feel free to share your thoughts on that perspective of things while everyone freaks out and becomes super opinionated and super emotional. I'm kind of like I really don't care I'm just I'm just here to make money right? All emotions aside, all politics aside, is this going to be the end? and if not, this could be a potential good opportunity.

A good opportunity long term, but there's no confirmation yet. As of right now, it's still selling off. As you can see: I have my different alerts set, but if we look at Target based off of current lows and previous all-time highs, it's an 83 percent. ROI Just because it's done it before, it doesn't mean that it has to do it again.

but it's just something where you know. This is why I would revisit the idea of having this in my watch list and to see if this is something that I could follow up with. Uh, will it ever come back to 76? Um I Oh I I don't know what you're talking about. so I think you're talking about a different stock I was like if you're holding at 76 you'd be up nearly double.

Uh, let me go ahead and break down one more stock. So there it goes. and I appreciate all those that have dropped the Thumb Thumbs Up and that, um, is showing some love to the channel. I Really do appreciate that.

So let's go ahead and do one more and we can call it a day. So I want a good one? So if it doesn't look good? I'm not gonna break it down. Uh, this one's sideways. Uh United Airlines Yeah, just trading sideways.

Not much going on here. I don't see you know anything any very clear Direction So that's not going to be the one. Let's do Q-com. We're gonna probably end up with Qcom strong descending pattern, lower lows, lower highs.

Yeah, it's oversold, but there's no break above the moving average and it just continues to sell off. PayPal has been very, very bearish. if I'm not mistaken. Yeah, PayPal has been struggling from overall highs of 310 to current lows of 58 dollars.

This is what I call a Hail Mary There's literally almost no hope for it based off of how it's trading and why? Try To find the bottom of something that's been selling off for a little bit over two years, let me set my alerts and follow up with it when it actually begins to indicate sign to recovery. Until then, I just wouldn't touch it myself. and then AMD is going to be very similar to Nvidia I Think it's overvalued and based off of recent patterns I I Think that it it should be pulling on back, but again, that's just my two cents. Uh, let's do Soxl All right.

So Excel Based off of recent patterns, maybe we'll end it with this one. Okay, so Slxl has been showing signs of higher highs, higher lows, but very overbought. Based off of recent patterns, we're at 85. RSI on the day chart I Do see why you're paying attention to it.

There's an inverse of this if I'm not mistaken, right? Um, so the four hour okay, overbought, over extended RSI at 85 I Would have to revisit this I mean it looks very, very bullish, but anytime something is at 80 plus RSI I Just kind of. it's too overbought for my taste and I would almost consider the idea of calling it a missed play, right? Uh, All right, the real list is asking me to break down. fltr fltr. Let's see I don't think this is the one you wanted me to break down, right? Yeah, no, this one's really bad.

So keu all right? Nike Nike Based off of recent patterns, nice little pullback retracement at 128. Looks like it's testing its support here to see if it could hold above 100. If not again, 52-week lows. Uh, Nike is not necessarily a stock that I would consider to be a trade myself.

I view it more as a long-term play based off of how its previous performance have been. But as of right now, it's kind of been struggling to hold above the moving average. It looks like it did a double top and then now it's retracing back. So I would personally like to wait for more signs of a support and if it actually begins to form the reversal just like we're talking about.

Uh, just like we talked about in Lpp, there's a three stages of reversal reduction, consolidation and Confirmation literally a textbook setup. We kind of just have to wait for this thing to play out and to see if it actually begins to show signs of consolidation and then signs of that reversal if not, allow it to bleed. Remember the more it sells off, the cheaper you can get it for and why over complicate that? So again guys, I Don't want to take too much of your guys's time Nasdaq Futures are showing signs of a support right around fourteen thousand Four hundred NASDAQ Features are up nearly 0.6 percent and it looks like over markets are reacting in a positive way after a an agreement has been put in place for the U.S Debt ceiling. There's two things that I want to share with you.

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I Hope that weren't a thumbs up. If you have any questions, send me a direct message. Remember I'm literally always just one direct message away. Don't over complicate it.

Send me a direct message, ask me your questions and let's get connected like always. let's make sure that we're in the year. On a green note: take it easy team.