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All right guys, let's go ahead and prepare for this upand cominging trading week. Let's go ahead and just jump right into it. So overall, NASDAQ Market Uh, closed out. Very very strong.
Um, it's I think on a 3 we green streak two and a half week, three green, uh, or three trading weeks. Um, if I'm not mistaken. Uh, from overall lows to overall highs on the NASDAQ Market, we're kind of trading sideways for the past three trading days if I'm not mistaken. I Don't know if I was the only one that felt that you guys can let me know down.
In the comments section, Um, Market has pretty much been trading sideways. It hasn't really been making much progress. It's also not selling off, so we have to give credit where it's due. Uh, but Tqqq in the past three and a half weeks uh, or 3 weeks has made 41% return.
So absolutely insane. The Bulls are killing it. We're trading sideways, which is kind of concerning because normally we trade sideways when there's signs of a resistance, and if you even take a further step back, we are are approaching a previous resistance level, so we cannot be surprised if we begin to retrace. Also talking about this, the NASDAQ Market the NASDAQ futures are currently down 222% which again, Tqqq would be down three times that it' be down about 6% So overall, not very significant pullback.
Um I Think that a lot of it's going to be based off of economic data if it continues to point in the direction that the Federal Reserve when it comes down to monetary policy, doesn't have to continue to raise rates and the idea of pausing or potentially cutting rates in early 2024 begin to present themselves, then the market can continue to Rally right? Like we think that the Market's overbought, but if there's no significant reason on why the market has to pull on back, then it won't right? We can just continue to see it make higher highs and higher lows I don't know if it I'm just the only one, but I would definitely be looking forward to a little pullback just so. I Don't feel like the Market's extremely overbought when I jump into some some long positions, right? You guys? let me know what you think. But I'm going to keep today's video super short and sweet. I'm going to be breaking down five of your top stocks and all I literally ask you to do is to share it in that live chat so you do have to be subscribed to the channel.
Make sure you drop a thumbs up on this video and share your top stock in that live chat and I'm going to break it down for you. Uh, and and give you my thought process and my opinion on what I think about that specific stock. One thing that I do want to remind you is if you are trying to enter our BMW giveaway during prize week, you have less than 6 hours left to enter. Right now, every single order gets a prize from November 10th to November 19th.
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Let's go ahead and jump right into it. so spy. All right, what's going on Frank Let's go ahead and break this one down for you. So spy is going to be very similar to the overall NASDAQ market.
and again, this is just my opinion. So please understand that just because I think of some. Just because I Think something doesn't mean that you need to agree with me, right? Let me just the reason that I wouldn't be against the market. pulling on back is because of the level that we are testing.
First off, all-time highs for the S&P 500 if I'm not mistaken for spy are 457 right? So if you look at this overall day chart oh I'm sorry, no, it's 467 so we are approaching very, very overbought levels. Can the market continue to Rally Of course, or we're going to finish off strong for 2023. I Mean we'll see there's no signs of a pullback. My concern is just the amount of times that we've pulled back at this level.
It's not like it's coming out of nowhere or like we've never gotten rejected here, right? My job is just to make you aware of previous patterns because previous patterns tend to repeat themselves, but they don't always have to right? And looking at previous patterns, we've been rejected in this at this 450 range right? 450. we pulled on back and then we tried to Rally back up, got rejected once again around 450 and then retraced all the way down to 400 right? So again at ask yourself, is the upside potential? Does it outweigh the downside risk? This is where we talk about risk to reward ratios within the Lpp lesson library. and in my opinion, the risk to reward ratios what we call Golden ratios are not met. Yes, the stock is incredibly bullish, but it is so overbought and there's so much downside risk that in in very simple words, we've missed the rally, right? So if you you haven't entered already in my opinion, you've missed it right? And because of that it just means that you just have.
You don't have to short the market if the market pulls on back. You don't have to do that if you don't feel comfortable, but it's understanding these levels and understanding and respecting the market enough that okay, this move has just happened. You have to respect that. you probably missed it. We are testing previous resistance Lels and we cannot be surprised if we begin. if we begin to pull on back. Can the market continue to make higher highs and higher lows? Yeah, of course, right. looking at the 4-Hour time frame, there's still some upside potential.
But again asking yourself that very simple question: Does Do's the upside potential outweigh the downside risk? And in my opinion, it does not. right? So this means that if I didn't want to short which you don't have to, then it would just be waiting for a nice little pullback, making sure that you know for the next setup if it pulls on back to the moving average at 430, then at least at that point from 430 to potentially 460 or 450, it at least offers a greater potential than it does at 450 to maybe 460. Make sense. So let's go ahead and move on to the next one.
All right. Uh, let's break down TGT I Like that you're asking me to break this one down. and the reason I like that is because recently, um, a gapped up right? It gapped up due to good news we saw highs of 131. Let me know in the live chat.
what does this look like to you? Does this look like? Well, let me show you the overall direction. based off of recent pattern, it's been a consistent descending pattern, right? And when looking at this on the 4H hour time frame, we can see how overbought it is and how it's testing the previous resistance range right? We've seen a lot of consolidation here, so because of that, this was a positive. Catalyst We can see the volume that followed and if it doesn't hold, does this look like more of a hey, this is a position I Want to go long on because it has a consistent bullish pattern Or is this something that might be overhyped? It's an overreaction and can and can potentially retrace itself. To me when there's big moves like this, we call them like slingshot moves right? They Gap up very quickly, but just as quickly they Gap right back down and because of that, I would be somewhat on edge.
I See it kind of as a red flag where again, respecting that, you've probably missed the really attractive rally and now there's still money to be made right. You can make money if it begins to pull on back, but we still have to wait for that confirmation. When looking at this on the on the day chart, we can see that it's still getting rejected by the moving average. Now, if this thing begins to trade above the moving average and actually begins to show signs of higher highs and higher lows, something that it has not shown signs of, then that would really change my opinion about TGT.
But it's been selling off so consistently for such a long period of time since, right early 2022. I You can't be surprised, right? just that when you decide to buy that all of a sudden, it has to move up. No right. Its true. Direction based off of at least the past two years, has been more bearish than it has been. Bullish. Respect that, right? That it's not personal. It's not against you, it's just it is what it is.
And and that's I wouldn't over complicate that. So um, hey, Ricky could you let us know what you think about MBL What's going on Yanell? So of course I appreciate you asking so politely. Hopefully I earn your thumbs up in this video. So MBL L y Um, let me go ahead and break this down.
So right off the bat I can tell that I don't like this based off of the low volume that it has just Bas based. I mean we each have our own criteria, right? You don't have to agree with me, it's just my opinion. but I trade with a specific dollar amount that I can tell these candles are broken candles. um, that they really don't move much.
You could see kind of like these spaced out candles where there's no range of movement for that given minute. Uh, because of that due to the dollar amount that I trade with I just would not trade something like this. and again, just because I don't trade it doesn't mean that you can't I'm just sharing with you why, right? A lot of consolidation. So if you like reversals, then you know this could potentially be it.
It's it seems to get rejected. At around $430 uh, $43 it tends to find a support at the lower $35 It looks more overbought than it does. oversold right? looking at the RSI Looking at the Macd, I would be more ready to sell than I would to buy based off of previous patterns. But again, that's just my opinion.
You feel free to do your own due diligence. Um, I just wouldn't trade it not only because of its low volume, but also based off of previous patterns. It looks more overbought and approaching a resistance than it does like a good deal and add a potential support. So all right, all right, let's see it.
What are your thoughts on NG Here we go: NE again another lower cap stock and I don't know um I'm sure there's a lot of people on YouTube that probably focus on Lower cap stocks I Personally don't I like to focus on I would say just more conservative moves, right? I like to focus on the NASDAQ market and the S&P 500 I Know I'm super boring, but it's just because of the dollar Mount that I trade with right? I have a lot of big beginners that follow me and these lower cap penny stocks are less consistent based off of history and because I mean to high-risk hyd War type of play and again I can see why you find this attractive. It went from 51 cents and now it's trading at a dollar that's 100% return right? A Lot of these are just traps. Look at this. it's more bearish than it is bullish.
So it rallies but it always sells off it rallies but it always sells off it rallies and it always sells off so it rallied but you have to respect when the when it rallied already you missed it right? And that's the really challenging part for beginners is they get caught in the idea of like no, it's going to move up higher because there's like articles or there's a lot of group chats that try to like pump these things. But again, if the rally already happened and you can see its true, direction is more bearish than it is bullish. You just you have to respect the market. Remember, it's nothing personal. It's nothing against you. The Market's not against you. You're irrelevant into the market just like I am right? The Market's not going to move just because of you. You just have to understand when direction is in your favor or when direction is against you, right? Just like we talked about in today's earlier video.
Walmart Walmart is a long-term bullish stock. It is more bullish than it is bearish, so it's easier. It tends to be easier. It's still not super easy, but it's easier to make money when direction is in your favor, right? Because your entries and your exits don't have to be so calculated With these, they do right because direction is against you.
Let me know what you think. Alrighty, let's go ahead and break down two more. Again, all I ask you to do is to drop a thumbs up on this video and hopefully you can subscribe. Uh, let's go ahead and break down.
let's do Spirit Airlines I Like that Santi Appreciate you asking me. Hopefully we earn your thumbs up in this video. All right. So Spirit Airlines Looking at this on the day chart I Don't like how bearish it is and looking at recent patterns.
Okay, I Can see why you're paying attention to it. It looks like it was a Di by opportunity. Again, direction is not super favorable. It's been more bearish than it has been bullish.
Um, the way that I would view this is almost just a riskier play than. American Airlines right? American Airlines at least to me has been more consistent with you know, kind of has been trading sideways. it doesn't show. Too Much Progress On the downside, Spirit Airlines Looks like it did right.
It went through this aggressive sell-off and you have to understand that right? because maybe you're not getting caught on that, but it means you might if you open a position. So overall direction is more bearish than it is bullish. It looks like a high-risk High reward type of play. If you like those dip by opportunity reversals right where it sells off, you wait for that confirmation it tries to Gap up.
You just have to be very calculated with your entries, your exits, and your risk management has to be A1 I Want to be straight up with you guys? If you suck at risk management, these are not the kind of stocks that you want to trade because it's only one bad trade away from wiping all of the money that you've made right. And I hope you don't I Hope you do take it personally in a way that I'm trying to look out for your future self, right? You need to know that these things come in stages. When you build enough experience and you build enough of you know a track record and confidence on your own, Then yeah, you can trade riskier stocks, right? because you can tolerate it. You have the experience to back it up. But when you're just getting started, Maybe it's not the best move to put yourself in that kind of environment where you're opening yourself to that kind of risk. It all comes in stages and I really hope that you care about this enough that you look out for your future self. So let's go ahead and break down. Airbnb So A BNB here we go.
So looking at this on the day chart direction is not super clear. I Kind of see this all over the place. Looks like we have a buy signal on the day chart, but and I would have to look a little bit more into the fundamentals because the technicals just aren't doing it for me. This thing's all over the place, right? I Can't see a consistent Direction I can't see a consistent pattern.
If anything, it's coming off of the highs of 155. I kind of see like lower highs and lower lows for me and I see that it recently rallied it's already getting rejected. a potential retracement back down to 114. We'll see if it holds at 124.
if it pulls on back and holds above moving average on EMA and then tries to Rally that would be a good sign. but if it pulls on back and it breaks this and then it's most likely headed to 113. So you have to just be open-minded right? Um, you can't just always think that it's going to go according to plan and this is where risk management comes into play, right? Just like we talk about in Lpp, your job as a Trader is not to avoid risk. your job is to to manage it.
Good Traders Have red days bad Traders Again, you can have a green day but just because you held and got lucky doesn't make you a good. Trader I Would rather see someone be in the red but it's calculate Rather than be in the green and just got lucky, Remind yourself build healthy habits because at the end of the day those are the ones that are going to last right? Um so I appreciate the breakdowns. Rookie, stay blessed I appreciate that. Barney Thank you again for your time.
um again. I Don't want to take too much of your guys' time Overall: NASDAQ Market is down 23% That's in favor of Sqqq. I'm excited for tomorrow's live trading session I'm pumped I'm ready to go, especially after yes uh, Friday's Green Day Um I'm really excited to work with the Lp team and for all the new traders that joined us after that Free Live Trading session I Hope to see you at Market Open! Remember I Trade Live every single morning. We're going to be trading Live tomorrow.
Right at Market Open! If you're an absolute beginner, I Would encourage you to take 2 minutes. Click the second link in the description down below and learn more about our Lpp team. It's a one-time payment lifetime access. We're running our biggest sell to $175 off. You don't have to join, but if you're struggling to figure this out on your own, that's the whole point of this lesson library. And the daily Live Trading Session is to provide structure in a market full of chaos, right? So if you want to check it out second link in the description down below and yes, that is our biggest discount. Also, don't forget you have less than 5 hours and 32 minutes to enter the BMW M4 giveaway during prize week. Remember every order gets a prize and this ends tonight.
So if you haven't entered fourth Link In the description down below or Shop Techbuds Dcom we're giving away Xboxes We're giving away Ps5s or up to $100 cash I Really do appreciate you guys' time I Hope that we're a thumbs up. Please consider subscribing and like always, let to make sure that we end the year on our green note. Take Care Team!.
After a horrendous 2022, shell-stunned financial backers have misfortunes to recover and a lot to consider, as an expansion report and a pile of different information did close to nothing to change assumptions that the Central bank would probably keep climbing interest rates regardless of whether the economy dials back, And that implies more red ink for portfolios for the principal quarter of year 2023. How might I benefit from the ongoing unstable market
Eli lilly
ONON, U, RBLX, AMD, & MSFT ๐
Very good analysis…many thanks.
CRSP is breaking 70 resistance today. This is gonna be the stock of 2023 & 2024 after the approval first ever gene therapy made by the Nobel prize winning technology (crispr technology). Gene Therapy revolution is in the making.
Tmf
In the realm of financial investment, particularly in volatile markets like the S&P 500, the key takeaway is the significance of patience, resilience, and strategic planning. Successful trading often involves navigating through periods of losses and capitalizing on recovery trades, highlighting the importance of a disciplined mindset. This approach is not only applicable to traditional markets but can also be translated into the dynamic world of cryptocurrency trading, where the right strategies and timing can unlock potentially lucrative opportunities….I've personally benefited from following Francine Duguay's trading tactics, amassing 26 bitcoins in a short two-month period, which speaks volumes about her expertise.
Sideways
Audio clipping real bad this video
It usually takes 3retests for it to break through
You are an inspiration. Grazie me amico! ๐โค๏ธ
I think you have been talking the market down while knowing the market was headed higher for at least a week.
Breakdown. SOFI for me please
You do realize itโs an island reversal right?
What's up
Bro looking shredded
Pattern pending. It may not be a significant pullback which will be bought. If it consolidates longer, price will move higher.
Why don't you trade options?
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