Hey, what's going on guys, it's Ricky with talk about Solutions I Hope that you guys are all having an amazing Sunday Welcome To our Sunday stock talk for those that are tuning on in for the first time I Hope that you learned something new and if so, please consider dropping a thumbs up and subscribing if you feel like we earned it. One of the things that I do want to remind you is we just created a new plate playlist on the YouTube channel. It's the get Started playlist. It's It's a four-part playlist and it, uh, pretty much breaks down how you can get started in the stock market as a complete beginner.

If you guys haven't checked out that playlist, it is again on the YouTube channel, so make sure you check it out without further. Ado Let's go ahead and start sharing my screen so you guys can see exactly what it is that I'm looking at uh in this live stream. I Pretty much just break down the top 10 stocks that our viewers see value in. So if you want to partake in this and you want me to break down your top stock, then again in the live chat, just make sure that uh, you share the ticker symbol of whatever stock it is that you would like me to break down.

um I Do want to remind you that you do have to be subscribed to the YouTube channel which is free right to be able to partake uh in that live chat. So one of the things that I quickly want to talk about uh while you guys share your ticker symbol in the live chat is where the NASDAQ Market is at right now. So NASDAQ Market based off of current um, you know, support levels, you could see that based off of recent patterns, it's been showing signs of higher highs and higher lows. Markets been incredibly bullish.

Uh, what's to come this week? For those that are unaware, we have the CPI data report being released. Um, on what? What is it? Wednesday of this week on August 10th one hour before the Market opens, we're going to be live streaming it on the YouTube channel. So just again, just make sure that you subscribe so you don't miss out. But that will pretty much determine in my opinion.

Uh, well. I Guess it just depends what we do on Monday and Tuesday. So I'm not going to try to be biased with being too bullish or being too bearish. Right now, we are at a critical range right on the four hour time frame for QQQ which is a one for 1.

For a NASDAQ, we're at a critical range where if we break below this moving average, this will be one of the first times that we've broken below this moving average since the rally, right. So this would be a step in the right direction if you are a bear. Now, obviously because the Market's been more bullish than bearish, it wouldn't really surprise me that it Finds Its support here and then it begins to recover because of that. CPI Data report for those that are unaware: CPI data report is an inflation report and that will better tell us again if inflation is going up or down and again.

What? Maybe the intention is from the Federal for from the Federal Reserve on the next Fomc meeting. So let's go ahead and just jump right into it. If you want me to break down your top stock, share it in that ticker symbol. So I guess the first one is going to be QQQ since we're already on it.

Uh, one of the things that I'm going to be mainly focusing on with our Lpp team is I mean I I Feel like I did a really good job last week, keeping my trading very simple and simply focusing on Market direction. As of last week, we were getting rejected. buy this EMA line on the four hour time frame meaning that we did find a support level here, but when we went back up to retest, we got rejected and we sold right back off. So that's going to be the big question as we begin to show signs of a potential support here.

Can we break above the EMA line on the four hour time frame and actually show signs of progress? Or is it just going to be lower highs and lower lows? because if I see if I see signs of NASDAQ getting rejected which means lower highs and lower lows then at that point I would be more willing to go into ask Kiki Q than I would into Tqq. So again, something that I'll have to follow up with. But one thing that I would really like to just do is keep my trading simple. set my alert for the break below the moving average, set my alert for the break above the EMA and then allow Direction and opportunity to present itself instead of me trying to be super biased of what I hope happens to Simply.

Allow it to happen right? Let's go ahead and move on. Let's let's break down Tesla So Tesla has been been hurting right ever since it reported earnings. It's been dropping testing its support level. Here it is trading below the moving average now lower highs lower lows with this EMA But with we've seen this happen before with Tesla when it gets in this little rut of a pullback, consolidates and then it continues to Rally if the market continues to Rally.

So I think a lot of tax uh, direction is going to be focused on how the NASDAQ Market reacts to this up and coming. CPI Data report on Wednesday I Think Wednesday will be a pivotal moment for the overall market and better tell us, are we going to go back to retest 52-week highs on NASDAQ or are we actually going to begin to sell off? So as of right now, we're testing a critical support range. We're not really making progress on the downside. and that's the thing that I'm always talking about with my Lpp team, right? Are we making progress on the upside? Are we making progress on the downside? If we're not making progress, then that's a risky position, right? Any open position is a position that's open to risk.

and if it's not making you any more money because it continues to consolidate in that same support range, then why still have it open right? The same thing with again lacking progress on the upside. So I'm going to wait for direction to be more clear if it breaks below this. then again, um, you know, expect a nice little leg down. but if we do break above that moving average in that EMA then something to look forward to to see if we actually see higher highs and higher lows.

So I appreciate the call out on Tesla Let's go ahead and move on to Spotify. So Spotify actually sold off also due to earnings. We could see that it was at 52-week Highs at highs of 182. pulled on back a lot of consolidation.

I Like that you're bringing this one up because can this be a dip buy opportunity right? if it? Finds Its Support level here. Uh, can it begin to recover to previous Highs at the 25 potential? Roi Now one of the things that I know about Spotify is that Spotify was really struggling before before it went into this really strong upward pattern right? or this uptrend. So looking at this on the four hour time frame, I'm gonna be less focused if I were to be trading this myself on trying to predict the bottom and try trying to get it at the cheapest price point. I Think if you have enough experience in the market, you know exactly what I'm talking about.

That trying to predict the bottom of a company or trying to buy it at the lowest price point is probably one of the most naive things that you can do. and more often than not it puts you in hot water than in a good trade. So let's keep it simple right, If you really do see opportunity in something like this, allow the opportunity to present itself right. Wait for that proper confirmation, Stay disciplined, Make sure that it meets your criteria.

Who cares what I say, Who cares what other people say? Just make sure that again, all the stars align based off of how it is at UC value and that even at worst case scenario that you manage or mitigate risk. So as of right now I don't right? We always ask our LBP team to ask themselves very simple questions. are you missing out by not being invested? And no, you're not missing out on any money, right? Because as of right now, this is not indicating any signs of an uptrend. So until then, right until a true opportunity is presenting itself, then at that point, I Really don't see the the point of rushing into this now.

if this thing begins to break above VMA break it by moving average and actually indicate signs of an uptrend? That's a different story. So let's go to move on to the next one. So Mogan is asking? what about squares? squares? Ticker still SQ Yep, all right, so it's known as block now. Well, looks like he had a 13 sell-off on.

Friday Lovely sell-off I Personally don't like to buy any stocks like this that aggressively sell off unless I'm shorting it right. It makes more sense on an active sell-off for me to just go with the flow of direction as it's pulling on back. I Would rather just short it, but now that we're approaching a potential support range now, the Short's going to be a little bit too risky with that again. I Feel like we're going to see what we saw with Spotify This is why it's so important to look at other companies and see how they trade.

You know Spotify Aggressively sold off and then for the week that followed it just Consolidated right? And that's kind of asking yourself that question: What's your goal? What's your intention? Do you want to buy the loads and try to sell the rips up? I Mean you can't expect this thing to recover all in one day after it reported earnings and sold off right? It's going to take time. It doesn't mean that you can't make money on the little rip stops and as long as you're good with your entries and your exits is Direction in your favor, Definitely not. I Mean is this considered a riskier trade? 100 Can this thing get worse before it gets better? 100 I Mean this is a very very risky play. I Mean it's like looking at Spotify and trying to look back and be like how perfect did my entries and my exits have to be every single day to end up in the green right? So if you want to make it easier for yourself, then make get easier and don't put yourself in hot water in which you cannot tolerate.

Square as of right now is an active sell-off It's selling off. It can get worse before it get back gets better. and if you're not missing out by not being invested because it's as of right now not indicating signs of an uptrend, then why over complicate it, right? Why? Why lose sleep over something that hasn't even happened yet? So let's go ahead and move on to the next one again. If you want me to break down your stock, just make sure you drop a thumbs up and subscribe to the channel.

I'm going to break down about maybe five or seven more different stocks. So again, if you are tuning on in and you want me to break yours down, just make sure you share it in the live chat. I Don't want to take too much of regards this time today. so LMT let's go ahead and break this one down very quickly.

So LMT Looking at this on the day chart, it looks like we have been showing signs of higher highs and higher lows. Usually when direction is favorable like this, it could make it a little bit easier, right? because Direction your entries don't have to be as perfect and nor do your exits. but it looks like things have been slowing down recently. It looks like it's kind of after it peaked at 500 4.

We've been consolidating down here. Right now it's still selling off so again trying to catch it at the cheapest price point and hoping that it recovers. So I know often if I do enter trades like this, my risk management has to be A1 and then if direction does end up being favorable I can add to it and unlock and profits at overbought levels. But other than that I mean I wouldn't over complicated.

So let's go ahead and move on to the next one. Uh, we have Uh, Rivion, right? So Rivion Motors Uh Rivion in my opinion looks extremely overbought. When does it report earnings or did it already report earnings? So this is August 8th so in two days it's going to be on. Tuesday Uh, that revion Motors reports earnings I Guess we'll just have to follow up with it.

but anytime a company rips up before earnings, I'm not the you know I think Apple's a really good example of that. and Apple's a very solid company. I Can't say the same thing for Rivion. but when something is being factored in before a very important report, if it doesn't completely blow the report Out of Water right? It Then again, there could be a strong correction.

and that's what we've been seeing with Apple. So because of how much this rally is being factored in right before earnings, if earnings are barely even met or barely exceed expectation I mean we could still expect somewhat of a correction. So I just uploaded a video uh, over the weekend I'm not too sure if you guys saw it. it's about the risk of playing a plane.

earnings. Um, to me, it's too risky. I would rather be someone that reacts rather than someone that tries to predict uh, that the more times I try to force myself into a position hoping for something to happen and it never does, It's just an unfortunate scenario. So all right, let's go ahead and move on to the next one.

So PayPal Finding support? Let's go ahead and break that down all right. Um, I mean not necessarily right. So we got PayPal it is selling off from previous highs to highs of 77, right? We're pulling on back. Macd looks oversold.

Our side looks oversold. That's great. But again, indicators are to be used as a reference. Never as a sole reason on why to take a trade.

Uh, let me ask everyone in the live chat if I were to ask you about PayPal does PayPal look like it's showing signs of a support? I Mean to me right? If we're gonna go and refer to our three stages of a reversal rule, right, there's a rejection. There's a consolidation. and then there's a confirmation to me, it's still kind of in that rejection phase. We're not seeing signs of consolidation.

We're not seeing signs where it begins to trade sideways. right? I Think it's a little bit too early, and again, that is a little bit more on the conservative side. If you want to aggressively buy the dip, then sure, you could potentially aggressively make money as it recovers. or you can aggressively lose money as it continues to sell off.

And this is why it pays to be patient. Not because it's ever perfect, because most likely it's not. but at least you're more effective and efficient with your entries and your exits. I Mean um, you know it's a perfect example.

If you've ever tried to buy the dip on something and it continues to dip, that's the only example that you ever need on why you shouldn't buy the dip right? Because we all know that the cheap can always get cheaper. So again, that's just another reminder of that. So all right, let's go ahead and move on to the next one. So S M C I S M C I All right.

Higher highs, higher lows. Beautiful uptrend pattern. This one's very consistent. Very bullish.

Um, Yep. I Mean it looks like it meets all the criterias of an ascending uptrend pattern. My only thing with this is that now it's so overbought. um that I don't know if there's enough margin for the risk to reward ratio I Normally Again, if I if I can point out, you know if you were to ask me what is the most ideal setup for you.

Ricky I Love trading reversals. If you're part of my Lpp team, you know exactly what I'm talking about I Love trading reversals. I That's my main focus. the three stages of reversal.

That's the strategy that I like to focus on so. but I really do appreciate companies that are very bullish like this because it makes Direction much more favorable. I Would then take a little bit of a closer look right? And when looking at this: if I were to see when would have been the most ideal time to have purchased, when this thing would have Trace back down and began to consolidate and trade sideways, right? This is the reduction phase consolidation. and then this is the confirmation stage when we're actually indicating signs of an uptrend.

There's upside potential based off of a recent pullback and overall it's more bullish than it is bearish. Direction is favorable I have confirmation and then based off of that recent pullback I have upset margin that outweighs my downside risk that meets my criteria for the risk to reward ratios. So I just wanted to give you an example of what I would look out for. Just because I would look out for that doesn't mean that you need to.

But I'm just explaining to you on why I wouldn't buy it now and it's just because it's too overbought. Meaning, the upside potential wouldn't outweigh the downside risk. So I just want to give you that example. Let's go ahead and yeah, Rivion does have earnings I believe on Tuesday of this week we just broke it down a little bit early.

Let's go ahead and break down two more stocks and then we'll call it a Sunday stock talk. Okay, so Disney is going to be one, uh, one more and feel free to share it in the live chat. Make sure you guys drop a thumbs up. So is Disney a stock that I would want to trade or want to be invested in? Let me know in the live chat.

What about this? What about this pattern? The lower highs, right? What about this lower high? What about this lower low? Why would I rush into something like let's humanize this right? So I want you guys to be able to use this as an example? Let's humanize this. What about this. Why would I rush into this to throw my money that I worked for into a company's performance that continues to form lower lows and lower highs? What? What about? This is attractive I Want my money to make me money, right? So I want to put my money in something that would indicate signs of an uptrend? So why over complicate my trading or my investing, right? Disney As of right now, at least for the past couple of months, right? This goes back to what. Uh, let's look at the day charts we can see.

really. When this began to happen, it peaked back in 2021 and ever since then it's been on a consistent decline. Yes, it's testing the same support It could begin to rip up, but we have no confirmation of that. So instead of trying to find the bottom of something, why not just let's set our alerts.

If you really do see potential in in Disney because you think it's going to get cheaper and a reversal might be coming down. Uh, coming up soon then? great. Set those alerts. But other than that, why over complicate it, right? You see potential in this, That's great.

That's why you have a watch list that's not something that I would throw money at and hope that it you know all of a sudden begins to recover now that I have money in it. it's been selling off for two years. Come on right? Let's not over complicate are trading. Let's not over complicate our investing.

You know that you can answer this question: this is not a good stock. I mean you are literally making it more complicated for yourself and more difficult for yourself, right? The analogy that I love to give are our newer Traders is: imagine yourself learning how to swim in the ocean and you're doing it with the waves going against you. How much easier if you're trying to gain distance right? If you're trying to go from the shore or from the you know, half a mile away from Shore back to shore, right? How much easier would it be to swim back to shore? If the waves are with you right? they're pushing you towards the shore much more favorable. but when the waves are against you, you're just making it more challenging for yourself.

That's exactly what this is. You're literally making it more challenging for you to make money by putting your money in a company that's losing money, right? And I I Think that's that's where the big disconnect is is that if you're not gonna focus on having any form of criteria or any form of edge when it comes down to trying to take advantage of opportunities even if they are risky. But if you have some form of adware every single time, the risk to reward ratios are met, then great, so be it. But other than that, if you're just really hoping to get lucky, then again, this is just going to be a really tough market for you to realize that you lack discipline, right? All right, let's go ahead and move on to the last one.

So all right, all right, mgni let's see what this is. So I can tell right away that this thing has a lower volume. You have broken candles. I'm going to do one more after this.

Um yeah, I mean I'm not a big fan of this. Just as lower volume, it looks like all of a sudden began to Gap up. I just wouldn't meet my criteria. It's not something that I would personally trade myself, but it looks like it's yeah, it's above the image above, moving average, forming higher highs.

Uh, I Don't know anything about this company, uh or why it's beginning to recover. but um, yep, it looks like it has up and coming earnings coming up on the ninth. Um, but it looks like it more often than not, big picture sells off versus it recovering. So because of that I don't like that overall direction is against it.

So because of that I would stay away. Um, let's see, let's do all right. Nvidia Um, we'll probably all right. And then we got Nvidia here.

All right when looking at this on the four hour time frame. I mean consistent higher highs and higher lows when looking at this on the day chart. I mean we're hitting highs of 480 a share. A lot of consolidation up here.

I mean Nvidia To my understanding, already reported earnings um surpassed I would say everyone else is actually. oh no. Video has up and coming earnings on the 23rd, so that's the next earnings. um from August and I I Do remember the last time that it reported earnings it gapped up was it 15 20 so we'll have to see if it continues to show signs of higher highs and higher lows.

Beyond that. I mean the videos of right now looks Unstoppable right? Obviously, all great things must come to an end. There's going to be some form of Correction at one point or another, but then at that point it just comes down to your ability to hold yourself accountable and manage and mitigate your position, size, and your risk, right? Um, I I Don't have much to say when it comes down to Nvidia other than it's exceeded my expectation I Feel like a lot of other people's expectation right when it, uh, completely blew everything out of the water and it has formed higher highs and higher lows I Think it's one of the best performing companies. Uh, that's in the trillion dollar market cap for 2023..

if I'm not mistaken, it is the best performing company with the trillion dollar market cap for 2023. I mean it's seen a 330 percent growth? uh within a very short period of time? So um, yep. other than that, I I mean I have nothing negative to say other than I think it's extremely overbought on the technical side. Uh, but if it continues to deliver with obviously all this talk that it has when it comes down to AI Can it continue to form higher highs and high lows? Sure.

Uh, but again, my big Focus for this week I'm taking it week by week. My big focus is uh, the NASDAQ Market um and to see if we actually begin to hold Above This four hour moving average So so I love to make money? Yep, uh yeah. Jam thank you again for reminding me. Um I don't know if you guys saw, but uh in just the last week, right? I've been trading live with my Lpp team uh every single morning and uh I just closed again.

it was a 72 or 74 000 week. so that's I think I saw some of your comments talking about that. all I do is trade Tqs or ask cues. That is correct.

Most of the trades that I do take I did short Amazon So I do have to disclose that. Um, but yeah, most of the trades that I do take are just Tqs and Sqs. I Like to keep my trading very simple. Um, and it's definitely not for everyone, right? But I have my focuses and it's uh based off of the feedback that I've been getting and the people that I have been tuning on in uh to my live sessions we've been, we've been really enjoying it.

so we always get people kind of like jam that tune on into like these free sessions. and this is a perfect example of why you normally don't want to be a part of a free group. And it's because people like jam that don't make money like to talk about people that do make money right. And in the past week I made 72 74 000 in the past two and a half weeks I'm up 180 000 I think 186 000 Um, if you're part of our OPP team, you've been seeing me trade live every single morning.

You get to see my good days, You get to see my bad days I'm not here to over complicate. I mean I trade with over half a million dollars right? Or at half a million dollars? I Really hope that you know not just the way that I trade live with our Lpp team, but that I also keep them up to date within our trade ideas. I've been trying to get better I'm not perfect I send them updates as you know, showing my intention for the market. My updates are never for people to copy.

Um, but I guess we'll let the people that are part of Lpp uh share their opinions in the live chat. um and all the feedback that I've been getting has been nothing but positive. I've tried to be as engaging as I can even with the trip that I took this weekend. uh, we took a little last minute trip to Seattle Washington uh with my family and and I've just I mean I'm taking it day by day I didn't hold any position overnight.

that's why I said my intention this week is to see where the NASDAQ Market goes if it's bullish and bounces off of that four hour moving average. I'll go in with Tqq if I see that reduction and lower high, lower low and we confirm that break below the moving average. I'll go into ask Kiki Q and guess what? We'll continue to make money and people like Jam will continue to talk about us making money I Think that's the beautiful thing is do you want to be like Jam or do you want to be like someone that actually makes money and does something with the life? I Think that's a great way to put it. So I Really do appreciate you guys time I Hope that we're in the thumbs up.

Remember if you guys have any questions whatsoever, we have our free get started playlist. That's a new one that we just added to the YouTube channel. but if you want the ability to watch me trade live as soon as tomorrow, you can message me via Discord or via Instagram And that's the first or third link in the description down below and feel free to shoot me a message if you're ready to join. Right now, we are running our biggest sell.

It's 175 off. You don't have to join, but if you want the ability to watch matured live every single day even as soon as tomorrow, it's a one-time payment lifetime access and it's the second link in the description down below. So I Appreciate your guys's time I Hope that weren't a thumbs up for everyone that's part of Lpp or that ends up signing up for Lpp. this uh by by tonight.

Just make sure that you watch the first three videos within the course and that will show you exactly how you gain access to the Lpp. Discord Chat and our daily live sessions. Again, if you have any questions, shoot me a direct message and I'll see you all tomorrow at Market Open for our live session! Like always, let's make sure that we're in the year on a green.