So what economic reports are getting released this week and how can you prepare what? Tune on team? It's Ricky Attack with solutions to uh here with a super quick stock market Update: I Hope that you learned something new and if you do, please consider dropping a thumbs up and subscribing if you feel like we're in it. I'm gonna start sharing my screen and jump right into it. Uh, it's one of the main things that I'd be paying attention to this upcoming week is we have the FMC minutes report. This is not the actual interest rate hike.

This is pretty much just a summary of how they announced or how they came to their conclusion of the previous 0.25 interest rate hike. Again, Um, this will be on I'm sorry, this will be on Wednesday at 2 p.m eastern time and then we have initial claims and continuing claims. Obviously the unemployment rate is something that a lot of people are paying attention to right now as unemployment has gone down and it was expected to go up. We have the GDP estimate that's going to be one hour before the Market opens on Thursday and one of the big big things that I would really be paying attention to is Pce prices.

So this is one hour before the Market opens. This is on Friday at 8 30 a.m Eastern time. Now with that being said, I Just want to make sure that you guys are all aware that those economic calendar is the one that I just showed you. You can literally Google search economic calendar and a bunch of different websites have and offer different free economic calendars.

So if you're new to the stock market and you're asking the question of like you know, how can you get access to these resources I do want to let you know that they are available? All you literally have to do is Google search for them One of the things that I do want to bring up is uh, my personal opinion of what I see to happen in the next couple of weeks and I personally think again I'm just going to explain to you why I don't need you to agree with me. You can share in the comment section on why you don't agree with me. But one of the things that I want to point out is the NASDAQ Market. Since January 6 to February 2nd has been on a consistent rally, we've been trading sideways.

Think about that from February 2nd right, you can see the date right here. February 2nd we have not shown signs of progress. We are testing our same support range on QQQ which is the NASDAQ ETF as we continue to test the same support right around this 300 range. My thing is this if we break below that 300 range I think that retracing back to the moving average on the four hour time frame at 287 is the least of our worries.

You have to ask yourself, why not even just on the technical side of things right? I Explained on the texture side of hey, we break below 300 I can see a retracement back down to the moving average. But why how is it that I'm coming up with this conclusion. One of the things that I want to remind you is that again last week, CPI and PPI So Consumer Price Index Report and the Producer Price Index Report both came in higher than expected. Remember, you don't have to over complicate this.

This is not rocket science. The market. The NASDAQ Market has been on a continuous rally since January 6. now it's become overbought enough and due for a pullback.

Now there's a fundamental reason. not even just the technical reason, but there's a fundamental reason on why it could pull on back. And that's because of higher than expected inflation data. And just like Jerome Powell said in one of his discussions when he was in Washington DC is that if inflation data continues to come in hotter than expected, then the Federal Reserve will have to justify a higher than expected interest rate hype.

And again, the next interest rate hike isn't until the month of March. So that's again, still a month away pretty much. But the thing that I want to bring up is the focus on in advance of the shift that I think that we're going to see with this. Overall: Market Because what we tend to see is the market rallies, it tries to prolong.

This rally, tries to put away any type of pullback, but then once it does pull on back again. just like the slingshot approach, once it does pull on back, the longer it takes to pull on back, the harder it will most likely drop. So again, one of my personal focuses for this week, but again, it's 100 just my opinion. I'm explaining to you why my one of my personal focuses for this week is if we do break below 300 for Nasdaq for QQQ I will be shorting the NASDAQ Market with about half a million dollars.

So if you're part of my learn Plan profit group I'm excited to keep you guys up to date and that's if we do bring break below that 300 range. I will enter an active short percent position shorting the NASDAQ Market If it holds above 300, then I have to respect the Bulls right? One of our biggest focuses is, you know, allowing that direction to be in our favor and that's essentially what I'm waiting out for. So other than that, there's no reason to over complicate it. I Wanted you guys to be aware of the different economic reports I Wanted you to be aware on the technical side and fundamental side on why I'm getting ready to short the market and what I see to happen.

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Let's make sure that we're in the year on a green Up to your duty team!.