So is the stock market about to pull back? What's going on team, it's ricky with tackbot solutions, uh a quick little update on tesla tesla, hitting highs of 1100 today, slight resistance level, but still holding up very well so uh, something very quickly um. One of the things that i began to notice - and you guys can let me know in the comment section - is that a lot of companies, of course, were in earnings season, meaning that a lot of these different companies are reporting earnings, uh and a lot of them, Especially tech related earnings, uh are in the red right um. I wanted to show you a series of these different examples and how i came across them uh and what i'm kind of seen from them. So one of the first things that i like to do first off this is the weeble trading platform.

If you guys want to download it it's in the description uh, you guys can earn two free stocks by using the link down below. But you guys go to this markets. Tab and one thing that's very useful is this: is the earnings calendar uh visually? You know you don't really see much going on there, but one of the things that you can do is any day that you want to see what stock is about to report earnings. You can just select on the date.

So one of the routines that i have on doing a question you guys have had for me in the comments section is like how do i always know when a stock is oversold? You know what scanner am i using anything like that right, i'm not using any of that uh. What i'm mainly focusing on are you know waiting for stocks to report earnings, and i look at the day after right, because some stocks report earnings pre-market some stocks report. Earnings after market, so i just look at the day after right, so the 28th right today is the 29th. I look at the 28th and then it provides me with a list of all the stocks that reported earnings yesterday.

So everything has already reacted to those earnings. So what i do is, i just do it a quick, little double click and then weevil actually generates this whole watch list. I don't need to look at all of them. I really just care for about five to ten of them, but what this really allows me to do is quickly be able to break down and look through all the different stocks that reported earnings yesterday and see if it caused the stock to go up and or If it caused the stock to go down, apple apple was at highs of nearly 155 yesterday right and it pulls on back three to four percent.

It's shooting at 147 right now and trying to find a support level at the moving average amazon right 1.68 trillion market cap. Also it drops about four percent after it misses its earnings per share - that's very, very rare for amazon right. So we see that sudden drop from three four seven, nine all the way down to a potential support level. So it's good to see right.

I just wanted you to understand how it is that i find these different stocks and what i came to find out is you know i was looking at this okay. This is up 1.7. Nice starbucks absolutely demolished today, seven percent right, so if you guys buy the dip, make the recovery with all those profits, you can buy a lot of pumpkin spice, lattes uh, but also mastercard master card, with a drop that it had and then it begins to recover. Uh, but the really great thing about this is yeah, it's great to be able to like come across stocks that are on the oversold side.

But then what i began to ask myself is, you know there are a lot of tech stocks, a lot of stocks that i'm paying attention to that are missing their earnings right. We saw snapchat, we saw facebook, we saw, you know twitter, all pinterest. All these different stocks just absolutely dropped after earnings and then what i began to look at is you know. All of us were waiting for the market to recover.

How many of you took time to see where the market's at right now? That's all this video is about right, look at the nasdaq market, so the nasdaq market is a composite of a really big focus of it's a nasdaq index. Right so has a big focus on tech. We are already at highs, meaning that not only have we recovered, but we made new highs based off of previous highs. So this is the four hour time frame and you guys remember when the market sold off and we all prepared for it right, so we're able to buy the dip and then write the recovery.

Remember all those videos that i was making i'm like this stock is so cheap, i'm buying now, so i can write the recovery right this stock. You know we were buying tqq, because tqqqq was so cheap and we're able to buy the dip and then ride the recovery right. That was about a 25 percent roi that it offered and guess what we made new highs on t qqqtq for those who are not familiar with. It is a bull etf that follows the nasdaq market.

It's triple leveraged so make sure you take that into consideration, but the reason i'm sharing this with you is what is one thing. I always like to remind you when we approach overbought levels, not that you have to do anything right at the end of the day, you're an adult. You are empowered to be your own person and to see value in your own way, but it is important to understand where you currently stand now. It makes sense why certain stocks might be pulling on back, and it makes sense why, if these companies continue to report negative earnings and based off of how overbought we are, we could pull right on back to previous loans.

It doesn't mean that we're going to crash and again i know, um, you know people tend to freak out when the market tends to crash. But one of the things that you need to understand is that these pullbacks are great. It's where a lot of money is made right. How amazing was it to be able to ride the recovery on a lot of the different stocks that you were invested in? That's the whole point right where all my tqq people right there's not much margin for us up here when we're already at previous highs, so yeah we can make new highs.

But how much are we going to increase before we drop right back down and if anything, it's really nice to see a stock correct itself to some degree, so you can buy it for a better deal and ride for the recovery. So all i'm sharing with you is, i want you to be aware of where the current market is at right now and not just the nasdaq market. But you can look at the. I think it's the s dal, which is the dow jones right.

So let's go ahead and look at that, so this is the s. This is the inverse. So it's the? U down! My apologies! So the! U dow is the one: that's going to be the bullet shrine and you can see that again. That is, at you know, previous highs and then spy, which is the s p 500, which is also uh a really big index.

That's very popular right uh. The s p 500 index is at overall highs, so we got the spy, which is s p. 500. We got the, u dao, that's at new highs and then we got the ix ic, which is the nasdaq index, that's also at previous highs.

So i wanted to show you why i'm bringing this up and for you to make sense of it as, however, you please, if you want to continue to hold all power to you, you're an adult right. If you want to begin to reduce your position size to prepare for a pullback, that's on you right and or if you want to continue to load up, because you think the market's going to go higher then great. I just want to make sure that i did my part in reminding you of where the current market is at and why, based off of previous resistance levels, we can get potentially rejected. There is no confirmation of a rejection.

We are simply just no longer a good deal when it comes down to these indexes: the s p, 500, the dow jones and uh the nasdaq market. So i wanted to do my part sharing that with you. I wanted to show you uh how i come across these oversold stocks and how you can make sense of it. So i hope that i earned your thumbs up.

Please consider subscribing we're almost at 1 million subscribers uh and i'm thinking about doing a giveaway. So i guess you'll just have to wait and see when it comes down to that. So, like always, let's make sure that we end the year on a green now. Take it.