Snap plunges more than 25% after CEO warns company will miss revenue and earnings estimates, slow hiring. Why is the stock market dropping after hours? Snapchat just reported bad guidance for q2! Inflation decelerates slightly from 40-year high as CPI rises 8.3% in April. April’s consumer price index report expected to show inflation has already peaked. How to read a cpi report and when will it be released?
Fed Speech: https://www.federalreserve.gov/newsevents/calendar.htm
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Let's be honest, are we even surprised anymore? What's going on team, it's ricky with tech, but solutions with a quick little market update the nasdaq tkq is down 10 on the day. Lower lows: lower highs overall directions, not in favor, let's not over complicate. I think yesterday's a perfect example of one green day does not confirm an overall reversal. This is why we did not increase our position size.

It wasn't anything about that. You need to stay effective, especially on the one hour time frame. You know yesterday we're getting really close to that moving average. This has been a resistance level.

Ever since the beginning of april we've been getting rejected, it's been making lower lows: lower highs, stop selling yourself the idea that one green day or two green days means that hey the market's about to recover more now than ever before. It's it's even with such weak news of snapchat, you see snapchat. Today we talked about this yesterday. Snapchat was down about 28.

Yesterday, it's down 39 today who would have thought that such an irrelevant company irrelevant? Who cares about snapchat? It's market cap? Isn't even that big, but to know the influence that it can now have on our tech week, nasdaq market not just with snapchat but also facebook, facebook is getting sued, i think by a dc attorney or a dc general right and it's down 10 on the day. It's it's not even big. You know world news anymore right: russia, attacking ukraine, oil prices; now inflation interest rates; no, it's! I understand facebook a little bit more, but snapchat, really first off who even uses snapchat and who cares? Oh so mind boggling to me. Well, um with that being said, i'm here to update you guys not just on the bad but how things can get worse uh as of right now today, at 12, 20 p.m.

There's just a quick little speech that jerome powell is going to give uh. He has some welcoming remarks, i'm guessing that it's like an introduction, video uh to this summit in las vegas right now, um and again, that's at 12 20 p.m. My job is just to make you guys aware of this. If you guys want to watch it, i'm going to put the first link down below so you guys can watch the live stream.

I really don't care to live stream that i don't really think that that's going to influence the market. It's not a speech he's not going to be mainly talking about overall markets. I think he's just saying welcoming remarks um. Let's just hope he doesn't say anything that can make this market any worse.

But today is a perfect day to prepare. Today is not a perfect day to force trades. Today, it's not a perfect day to try to make money right now, unless you're shorting, something and or if you're invested in, ask qqq, you need to pick your battles right, make it easier for yourself. Today's a good day to prepare we're, we made new lows today with tesla.

We made new lows today with if i'm not mistaken, facebook and it's something that we just talked about within our live trading session. We hit lows of 627 today. If we look at this on the overall day chart, we just made new lows, and it's at one of the lowest price months that it's ever been before: it's not that you should buy right now, but now is a good time to prepare what stocks are you Going to invest into that are super cheap that if and when they do begin to show signs of recovery that you plan to take advantage of them. Amazon, if i'm not mistaken, is also down 5.6, making new lows: we're literally approaching 20 20 levels at the beginning of 2020, right like after the pandemic, hit we're not that far from it and that's the unfortunate part um it's it's crazy, but again um.
I know it's a difficult time. I know it's hard to see that light at the end of the tunnel. I hope that you guys know that if you ever have any questions, if you simply want to share your trade plan or your investing plan with me uh, you guys know where to message me. I have my free discord chat in this video.

It's going to be the second link in the description down below you can message me and ask me any question that you want just give me some time to respond. I'm trying to catch up on all my direct messages right now and i always prioritize my alert plan, profit group first so again, second link down below shoot me a message or you can feel free to comment and we can go from there. Also. I did get my instagram back they're already trying to hack me once again, and it looks like it's not just an issue for myself, but there's a bunch of other influencers that got hacked and banned as well.

And it's all these fake accounts that are reporting or mass reporting or real accounts, and it's very unfortunate, but i need you guys to know that i'd have no crypto fund. I don't have any forex fun. I never message you first. I never message you first.

Please note that, and i have one instagram account and it's linked down below. So if you want to follow me - and you want to message me, then it's linked down below other than that every other ricky account i can promise. You is fake that simple, so um. I really do appreciate you guys time, i'd love for you uh, for you guys to be able to get a taste of what it's like to watch.

One of our live trading sessions uh, and that's going to be that third link down below. So if you're ready to join our learn, plan, profit group and work with me on a closer basis, then again that is literally the only service i offer that's all and it's all inclusive, it's a lifetime access one-time payment and it includes everything like always. Let's make sure that we end the year on our greenhouse, take it to the team.

By Stock Chat

where the coffee is hot and so is the chat

36 thoughts on “Urgent! fed speech today! market crash update”
  1. Avataaar/Circle Created with python_avatars Amelia Penelope says:

    In your last video I saw a comment of someone making over 40k monthly on their stock picks and I wonder how possible he could have done that because i have been trading for over 3 months now and i still cannot make 25k annually. You really should make videos on how to outperform the market and make good gains.

  2. Avataaar/Circle Created with python_avatars P T says:

    SNAPCHAT has not made any money in the last 4 years. In contrast, Facebook makes $40b/year and Google $76b/yr so these are the stocks to buy.

    .The sun'll come out tomorrow

    Bet your bottom dollar that tomorrow

    There'll be sun

    Back to school will increase retail sales. I have to buy the kids a new Apple Macbook and iPad and dorm stuff.

    Buy FAAMG (Facebook Apple Amazon Microsoft Google)

    Nothing to worry about. Q1 is historically low retail sales for the last 4 years.

    Morgan Stanley data shows that credit and debit card spending are way up (restaurants and hotel), but people just aren't buying lowend retail (Walmart, Target) as much.

  3. Avataaar/Circle Created with python_avatars George Yao says:

    The US must stop using the FED to control its money supply right now as it is robbing the US citizens of billions by printing more and more money. By brings the control of the money supply back to congress bring economic control back to the people where it belongs. These criminals will be put out of business. There is nothing federal about the FED. It is a ruse created by a private cabal of private banks meeting at Jackal Island way back and started bilking US through lending the US citizens own money back to them as an interest bearing loan. When this dirty little secret gets out and people who have guns get angry bad things will happen.

  4. Avataaar/Circle Created with python_avatars Joan white says:

    There are platform where you can invest and they trade your money. Then pay you profit either weekly or monthly. That's investing.

  5. Avataaar/Circle Created with python_avatars Olivia Charlotte says:

    Despite the economic downturn,I'm so happy☺️. I have been earning $ 60,000 returns from my $7,000 investment every 13days..

  6. Avataaar/Circle Created with python_avatars Andrew Williams says:

    The <Bitcoin price has completed several bullish movements over the past week that may confirm a new bullish expansion phase which is about to begin . Eyes are still on what happens above the current local highs, not below, even as BTC price action is up 6% in a week. We cannot predict bottoms, but it was obvious things were getting ready to go down. Why are people JUST NOW realizing the market is bearish? Extremely bearish. Point is, be patient, and just trade to build capital for when we do bottom. Don’t let these institutions destroy you. And my advice, don’t spread yourself thin with too many coins. Market moves as a whole right now, red days mean red days for almost everything, Green Days will be the same. Paper gains and losses are normal throughout the investing cycle. Continue to invest and trade, don’t panic.’. Still love the trading techniques and advice . Digital currencies continue to reshape the world globally. It's hard for anyone who is against it right now. But from a trader's point of view, I think we really need more experts in this field to give newbies a sense of how the community works. I was able to easily increase my portfolio in just trading with Elvin Richard daily signals growing 1.5 BTC to 4.5 BTC in few week. He daily signals are very accurate and yields a great positive return on investment and he’s available to give assistance to anyone who love crypto trading, you can contact him for inquires and profitable trading systems on Telegram (@Hafeez_signal) ** >>>What'sapp +44 (7915") 612010……>KakaoTalk ID.>> Elvin-445 << for any crypto related issues.

  7. Avataaar/Circle Created with python_avatars Micah DeLuz says:

    I have a long form question w. example…
    If I buy 100 shares of TQQQ in Jan. Another 100 shares of TQQQ in Feb. and another 100 shares of TQQQ in Mar. all in year 2022. If I choose to sell 300 shares in Feb. 2023 Will I have to pay long term capital gain tax or short term capital gain tax? (Assuming I profited on this trade)

  8. Avataaar/Circle Created with python_avatars Richard Garnache says:

    It's not snapchat itself … It was the\ another straw that broke the camels back again. It was that just 1 month ago they thought they were fine and 30 days later they reported that the economy has worsened so much their outlook had completely reversed. After Wall Mart Target Amazon's poor reports … the obvious is what sank the market … Things really are going from not good , to bad , to worse. The goalpost has now been moved from …." the consumer is fine " …. To ….. Not so much , …. followed of course by the last hold out of the mass delusion that earnings are fine = no they are not and Snap was just the one to admit it today …. followed by many many more over summer \ Fall.

  9. Avataaar/Circle Created with python_avatars Kevin Olsson says:

    Love following your daily summary of each day that the stock market jumps up and down and down and down and down….😂

  10. Avataaar/Circle Created with python_avatars Elizabeth Richard says:

    Thanks for your advice Ricky, I bought two commercial buildings last week each worth about eight hundred thousand dollars from profit I made on stock trading in less than two years

  11. Avataaar/Circle Created with python_avatars KellEastCoast says:

    Thank you for saying that for Snapchat, I thought I was the onlyyy one who thought what you had said!

  12. Avataaar/Circle Created with python_avatars Shawn Hilton says:

    This's a great time to invest, though the market appears to be going through a major correction. Whales move the market, regardless of whose holding. They have lots of cash on hand right now from all the sell-offs and waiting for a buying opportunity that will push the price up. Spent my 30s investing in several stocks. Lately discovered crypt0 and that's the best thing I did for myself.
    Invest smartly using dollar c0st averaging

  13. Avataaar/Circle Created with python_avatars Silvanus Clarke says:

    Rick are you buying call options for SQQQ? Why are you living and dying with only leveraged ETFs like TQQQ?

  14. Avataaar/Circle Created with python_avatars Susan Collins says:

    My advice to new investors: Just make sure to invest in fundamentally sound companies and don’t let your emotions cloud your logic. However, a severe market correction causes a lot of margin calls and sell-offs, driving the market lower. People get greedy in this bull market and it's extremely irresistible.

  15. Avataaar/Circle Created with python_avatars MIKEY C says:

    How does Snapchat underperforming affect the entire market? It’s almost laughable. Snapchat is literally irrelevant in comparison to massively successful companies like Apple, Microsoft. Stock market is a joke lately.

  16. Avataaar/Circle Created with python_avatars Alexei says:

    The market produces foolish investors; stupid investors produce a bear market; the bear market produces clever investors, and smart investors produce a bull market." Those that understand this cycle are able to make money in the stock market.

  17. Avataaar/Circle Created with python_avatars Richard Clair says:

    Please tell me I'm not the only one who understands fiat currency.. this is the four years where the king takes his money back because the peasants have made too much… this is been happening for thousands of years it will recover… this is just one of the downturns for the peasants….. the King has come to tax you… that way he stays in power.. it is just a plan to redistribute wealth.. please tell me you understand that you make money in the stock market because they allow you to when they don't want you to make money in the stock market you won't ..this has happened many times..

  18. Avataaar/Circle Created with python_avatars Nelson Malone says:

    The market was never bullish bro; your confirmation wasn't there

  19. Avataaar/Circle Created with python_avatars Jeff Freedman says:

    I'm so GLAD I'm still paper day trading.. Any cool strategies working for you guys?

  20. Avataaar/Circle Created with python_avatars Felipe Gonzalez says:

    I believe we will have a strong rally and THEN everyone will realize than everything is not that bad and it will become the real bull rally

  21. Avataaar/Circle Created with python_avatars Richard Clair says:

    Probably not going to have a very good turnaround on the market until we get a president change

  22. Avataaar/Circle Created with python_avatars Tammy Hamilton says:

    It's been getting so difficult to deal with the market recently. Some months ago, my account was $45k. I've added $30k or so during the past 9 months, and somehow my total account balance is $28k today… this is profondly unmotivating… it's been getting a tool on my mental health lately… My last three days were like : down 6%, down 11%, and now still down about 8% again…

  23. Avataaar/Circle Created with python_avatars JoeYo JoeYo says:

    At this point I am only adding to stocks that are green for several months.

  24. Avataaar/Circle Created with python_avatars Roger B says:

    Considering the majority of stocks are completely over inflated, having them correct to 2020 or even 2019 levels is not surprising. Too many stocks were priced at a valuation expected more around 2027. Had the Fed left the market alone, it would have gone up gradually as expected.

  25. Avataaar/Circle Created with python_avatars Zachary Mueller says:

    Kylie Jenner blasted snap chat a couple days ago and that’s not helping either.

  26. Avataaar/Circle Created with python_avatars David Anthony says:

    I was hoping you'd live stream the speech
    Can seem to find it anywhere online

  27. Avataaar/Circle Created with python_avatars Dude inshore fishing says:

    Markets got spooked last week after Yellen spoke. Yellen and Powell at the moment are not giving the markets much reason to go higher.

  28. Avataaar/Circle Created with python_avatars Live Life says:

    How did you find out about Snapchat, an damn you on top of it. Crazy good info????👍👍👍👍👍👍👍👍👍👍

  29. Avataaar/Circle Created with python_avatars riseuplight says:

    Good guy Ricky always tells us every single time JPow publicly speaks

  30. Avataaar/Circle Created with python_avatars Madison Flores says:

    I'm so excited 😊, my life has totally Changed since I invested $13,500 and now make $34,970 every 14 days.

  31. Avataaar/Circle Created with python_avatars Ian Houghton says:

    All I have been doing is averaging down my stocks, but been buying in small amounts.

  32. Avataaar/Circle Created with python_avatars Kevin C says:

    I just wanted to thank you for you wisdom and channel. It has helped me a lot and I am grateful.

  33. Avataaar/Circle Created with python_avatars David Whitlock says:

    Billionaire's play futures at night making profits selling off with their computers — then the little guy get the crumbs during market hours, SURPRISE! No surprise, your gov't intends on destroying middle class America, i.e. gas/diesel prices, etc.

  34. Avataaar/Circle Created with python_avatars kovaIskiyandrey says:

    I keep on getting $9,000 every week from a new trading platforms in town.

  35. Avataaar/Circle Created with python_avatars Fernando Antunes says:

    Maybe the market is selling-off because of SNAP because SNAP may set the standard for tech earnings. If tech sells-off the market sells-off.

  36. Avataaar/Circle Created with python_avatars romeo pollard says:

    Hey Ricky, thank you for the update! I have slowly been buying and holding (which is my goal) due to low prices… is their any specific stocks you have in mind? Anything will help! Thank you

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