Pinch me, i must be dreaming what's going on team. Yes, this is what you see. Ah, it looks like it just went away. Nasdaq market is either break even or barely look at that barely in the green um.

So i want to provide you guys with a quick little market update uh market got absolutely destroyed. I'm very grateful that i uploaded the video that i did yesterday. I uploaded this video yesterday you can literally watch it. I talked about how the nasdaq market, especially tqqq, has been getting rejected since april since the beginning of april.

It's been getting rejected by this moving average. Some people don't validate indicators and rightfully so to each their own right. I agree there is not one indicator that is 100 accurate. All the time i like to use indicators as a reference as something that makes me be, maybe a little bit more selective on.

Why or why not to do something. So i decided to reduce my position size on tqq, as we were approaching this moving average. I explained that in the video with that being said, the market tanked today, and can you guys think what i'm gon na begin to prepare for tomorrow right? Well, the nasdaq market dropped a total of five percent on the day very significant drop. This is one of the biggest drops since 2020 and tkq is down 14.

So if you guys paid attention to my video yesterday at least were aware of it, it would have come and not much of a surprise. The nasdaq market did bleed, but where is much of the blame coming from? Well, all the articles are blaming retail. That retail is, you, know worse than expected, but you know they're blaming the big ones as in walmart and target walmart dropped. Yes, you know not not today, but it dropped.

Yesterday, walmart reported earnings and yeah. It was one of the biggest drops that walmart experienced in a single day, i think dating back to 1987. If i'm not mistaken and a pretty significant drop, it dropped about 10 bummer today dropped six point: seven nine percent, but okay, who cares right, walmart sold off yesterday? Do you guys remember? Yesterday the nasdaq market was up yesterday, two and a half percent tkq was up. Seven percent, so why all of a sudden? Is it because of target? What does target? What does target have to do with our entire market right or to tech? As in the nasdaq market? I get it that retails weak they're blaming oil prices.

You know transportation companies charging more eating into the net margins for these uh retail companies. I get it it's a domino effect. That's to my understanding. I thought it was already factored into the market, but yeah tgt dropped.

You know 25 on the day and it baffles me that people are still asking the question. Oh, does this mean that i should just buy the dip. Has the past five months not taught you anything right, it's like the cheap can get cheaper yeah. You can buy the dip, but you can't rightfully expect the stock to recover.

Of course, it could bleed more right. I think facebook is a great example, facebook, ever since it had that huge dropped after it announced that it's gon na focus on the metaverse and announced and reported one of its worst quarterly earnings where it lost 220 billion dollars, the cheap right. It was cheap at 220 or 240, but guess what it's even cheaper at 190., the cheap can always get cheaper. One of the things that i'd love to share with my learn plan, profit team, and it's something that we're going to talk about tomorrow.

I'm sure of it is you know if you want to buy the dip on something sure nothing wrong with that. As long as you take two things into consideration, the first your position size if you go all in and then the stock continues to sell off you put yourself in that position. You didn't take accountability to know that hey this stock is still selling off. Maybe it's not the brightest idea to go all in as it's still selling off.

It's not rocket science right. The second thing is is how important it is, especially with current market conditions that we are still in that bearish sentiment. So if things are not going according to plan and and the stock itself is still losing value, do you think it makes sense that you should go all in into a company and just hope, all of a sudden that the stock is going to recover? No, you have to understand that things can get worse before they get better, and this is why we talk about understanding your intention. If your intention is to make money right now, then the stock that you're about to trade better begin to indicate signs of an uptrend.

If not, it's kind of like expecting fruit punch to come out of a water fountain. Well, if you've never seen fruit punch coming out of a water fountain before then, why would you expect it to come out now right? That was one of the most out of left field, analogies that i've ever given on my youtube channel, but it makes sense right. How can you expect for something to happen that hasn't indicated or shown any signs of it happening? Everything as of right now is still selling off. You should be more conservative than you are hopeful, as of now.

I think today is a great example of that. It's not that you should be scared, and you will see people in the comment section. Try to instill fear in you, that's that's on you. I still view right now and the market to be a great opportunity, but in a very conservative and selective way, it's not that every stock is worth investing in.

It's not that you should go all in right. Now it's that now is the time to prepare, to collect your thoughts, to plan out your trades and to make sure that you set your future self up for success, not for instant gratification or instant profit. This is going to take time, but again this is where money is made, so you can either sit on the sidelines, but nothing wrong with that or you can choose to prepare and plan for the market recovery, not that it's going to happen anytime soon, but i'm Definitely very excited to follow up so again, i hope to see some of you guys for our live trading session tomorrow at market open. If you guys want to join us, that's going to be that second link in the description of this video.

This will learn. Uh teach you a little bit more about our learn plan, profit group, what we offer and what it's like to watch a trade live. So again, if you want to watch me, trade live service tomorrow. That's that second link down below.

If you guys want access to our free trading discord chat, that's that first link down below and again friendly reminder at our shop tech bud site we're giving a free flag with every order, so anything that you buy on the site. Just make sure that you add your favorite flag and it applies automatically at check out no coupon code needed and that's at shop techbeds.com appreciate you guys time i'll see you tomorrow at market open for our live training session. Until then hope that earned your thumbs up. Please consider subscribing like always, let's make sure that we in the year on our green now take a digi team.