Stock market is super overbought and now I am waiting for the stock market to drop to open a short position!
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The Federal Reserve conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy; promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad; promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole; fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations.
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Get ready to short the market. What's going on guys, it's Ricky here with tech Bud Solutions I know I Can't be the only one thinking this, how much more can the market run before it actually begins to pull on back? Let me go ahead and start sharing my screen with you guys. We haven't opened a position today. We've been staying super patient with the alarm time profit team we saw during the pre-market session.
I mean we pretty much opened break even and then Tkq has continued to form higher highs and higher lows. I do have a new indicator? Um here I Was going to ask you guys, do you guys want me to break it down I can make an exclusive video just for the indicator and the purpose behind it with these buy and sell signals that it sends out I'll leave it up to you guys if you guys get this video to over 1000 likes I'll make that video for you guys just so I break down the indicator and how you can add it on your platform. But one of the things that I want to talk about is first: why is the market going up? It is. This is the part that baffles me and I don't know if it's just me.
you guys let me know. In the comments section, the market is indicating signs of uptrend and it's forming higher highs because the the President and Congress are set to be able to come up with a solution for the debt ceiling crisis. The reason that this is insane to me is okay. so we have this debt ceiling Crisis meaning that the US might run out of money.
They need to borrow more money. They need to increase the limit. Congress needs to pass that This has happened before, right? And when there is no issue, it literally has no effect on the market. We just increase the limit.
and if anything, normally by increasing the limit, that's not the best for the dollar. So therefore the dollar normally drops. It's not the best for our overall economy, but again, more money is being made. Right now we are seeing the market rally and act in a bullish way.
Because what? Because we're not going to default and that's a good thing? I Mean that is what should already be factored in, right? Yet Every headline, every news article all they're talking about is possible. You know solution ahead for the debt crisis and this is the part that's just insane to me, right? But nonetheless, we're staying patient. And this is one thing that we talked about within my live trading session today is: How many times have you entered a position way too early? There is no question. I mean I Don't think anyone here will question the idea that you know with the RSI being at 77, NASDAQ is super overbought, it's super overvalued based off of recent patterns.
It is going to correct itself and this is why I'm getting ready to short the market once we actually get that confirmation of a pullback. But it's also very naive for someone to think that. Okay, just because the market is overbought, it means that I should open up a short position right now. just like we saw yesterday. And just like we saw right at Market open, something being overbought does not mean that it has to pull back right now. which is why we preached waiting for confirmation and waiting for the actual sell signal to actually present itself again. I'm going to be keeping our Lpp team up to date. There's no open short position as of right now I Just wanted you guys to be aware of what my plan was as or before I Actually, you know, end up opening a position and you guys can let me know in the comment section.
Do you agree with me? Or do you disagree with me and share in the comment section? Why do you think that the Market's going to continue to rise? Or why do you agree with me that you think that the market is going to actually end up pulling back and correcting itself based off of recent patterns again, almost on every single time frame RSI is extremely overbought. We just we are pretty much approaching or surpassing 52-week highs. I Don't know if you guys saw this, but we just surpassed highs that we made back in August of 2022. So right now the NASDAQ Market is at 52 week highs and again that that deserves uh or has earned a round of applause.
No question about it. but now the market is high enough tomorrow. Jerome Powell is going to be speaking tomorrow we have our Free Live training session right? This is going to be at Market Open but tomorrow at 10 A.M I'm sorry 11 A.M Let me double check 11 A.M Eastern Time Jerome Powell is going to be speaking I Was thinking about hosting a uh, Free Live for that as well. You guys can let me know down below, there's just a lot going on.
not just with why the Market's rallying today, which doesn't really make sense uh, but a lot going on tomorrow with our Free Live trading session right at Market open where I give away a thousand dollars and then we have Jerome Powell speaking at 11 A.M So I'd be more than happy to host that live again waiting for my Um signal so I can jump on in Um or my sell signal. So I can you know wait for that proper confirmation of QQQ actually indicating signs of a sell-off before jumping in too early? Two things right. Just because something is overbought does not mean that it has to pull on back. And although this video is going to be titled something along the lines of getting ready to open up my short position again, you need to be super patient, right? Allow this thing to run up.
Allow this thing to become even more overbought. The more overbought it becomes, the more money we can make. On the downside, wait for that confirmation and again look out for your future self. How many times have you burned Yourself by getting in too early? There's no question that the market is extremely bullish right now and it's struggling to pull on back.
So don't burn yourself by jumping in too early hoping for something to happen when all you really need to do is wait for confirmation. I Hope that I earned a thumbs up. Please consider subscribing again. I'd love to make that video based off of this new indicator that we have set up and just get this video to over a thousand likes and I'll make it happen. If you guys want to join our free live trading session tomorrow at Friday on Friday at Market open which is going to be May 19th where I'm going to be giving away a thousand dollar cash, you can save your free spot. It's absolutely for free to watch. It's the first link in the description down below. If you have any questions about that, shoot me a direct message via Discord and do not forget this is Prize Week.
Our GTR giveaway is coming to an end. If you want to learn more about this, it's the fourth Link in the description down below. We're giving away a prize with every single order placed today and for the next three days and again. prize week is coming to an end.
So make sure if you haven't entered already, get your entries while you still can I Appreciate your time. Hope that wasn't a thumbs up. And like always, let's make sure that we end the year on a green note. If you can, do the team.
Chaos has been sparked by the Feds! Due to the collapse of these banks, investors have abandoned their predictions of additional interest rate increases and have dumped bank stocks all across the world. What's the greatest approach to profit from this bear market now that my portfolio of 300k stocks is in danger of going down?
Well, i do have my reservations about the economic crisis. Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $650K portfolio is down by approximately 20%, any recommendations to scale up my ROI before retirement will be highly appreciated.
Keeping Powder dry. It was supposed to happen 12 May but didn't
ROFL, the Dollar has been getting stronger the last few days (recently). EUR/USD down down down
The market has been going up on low volume!
The whales are at work pushing to push the plankton up up up then they're going to feast and YOU are on the menu.
In the words of General Ackbar when the short squeeze ends "It's A Trap!!!" Shooting Star Doji 5-10 min charts followed by 9-13 red candles… I could be wrong!
The correction should have started weeks/months ago with poor credit, high interest rates, expensive energy, food, and no cost cutting, feel free to add to this list.
There you go again….always wrong on sentiment….your always a week, 2 weeks or longer on your sentiment. So really your always wrong. Go back to flipping cars.
They are looking into it…..They don't even have a solution lol.
But the market is acting like everything is good.
All bad news is gone.
Love the video’s!
This market is artificially inflated!
LOL funny how this clown has been calling short for months and market keeps pumping and squeezing out these shorts 🤣🤣
Yess I would love to see a video showing the Indicators.
RICKY!!! why not make some money on the way up? is that bad? are we bad investors for making money while it goes up? should we of hoped for it to go down these whole last 3 months and missed this rising boat? You are confusing.
OMG!!! this guy has been saying to short for 3 months straight. No kidding it will drop a bit again but not crash, we are in a steady up rise now. why do you only care about shorting? He seems mad that he has been wrong for months lol. was he this mad when the market kept droping for over a year and a half? or is he just a bear
RICKY RICKY RICKY, you aren't following your own advice! Stop trying to predict the direction. It is literally your step one! LOL
Would it be a good entry for the sqqq ? Tomorrow morning? Help?
I held spxu for a month. Sold the rest early today. Sold half of it last week thank god. Markets are crazy but got to give price action its respect and follow it until confirmation happens like ricky said. Markets are bullish debt ceiling put fuel to the fire for more hope. Markets are reaching their end when hysteria sets in like it is. Almost there. So much optimism from a year of downs in 2022 and excitment of 10% rally in january. Its just slowly breaking down as it goes up.
yeah free live please 🙂
Please make a video talking about the indicator Ricky !!!
every time ricky says short the market it continues higher
Fed talks doom and gloom keep buying
Sell more bonds 600 mill to 100 trill 😂😂😂😂
SPY going to for the gap close just above 421 before the market pulls back. After that we have another SPY gap lower at 396ish.
Market definitely overbought, definitely will correct favorite short positions, SPXU, PLTR, F, don't short TQQQ,
Market is Bi-polar, I am not holding anything, just daytrading based on direction, anything else I feel is risky in this market right now. Worked for me so far this year.
You believe it is over bought just follow market direction, don’t over complicate your trading 😁
Short it to zero.
I am also baffled! What the hey! And this morning the woman from the FOMC made her comments about the interest increases may not be done because inflation is still far from the 2% target. This was pre market, a minute later the market reacted and I was instantly down $1500. Then the market opened and it seemed no one cared. The nasdaq and semiconductors flew higher. What gives?