Dow falls 200 points to start October even after Congress averts government shutdown: Live updates
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Again, more fear being sold on the idea of a government shutdown. What's going on? Team? It's Rooky here with tput Solutions Hope that you guys are all having an amazing day we got overall. NASDAQ Market Uh, pretty much I Don't want to call it break even, but from where the market opened at to where we're at right now, not much progress. Uh, congratulations to all of the Bulls uh that made money that locked in profits right? Your ability to be able to enter and exit a stock successfully again will determine if you actually end up in the green if you ended up bag holding and you held it all the way back down.

Then again, um I I Wish you nothing but the best, but if you don't begin to break those bad habits, uh, then you will get destroyed by this market and it's only a matter of time, right? We went live this morning with my Lpp team again. I Trade live with them every morning. It's the second link in the description down below if you want to watch me trade live as soon is tomorrow, so feel free to check it out. But uh, one of the things that we talked about is at overbought levels I Mean it's not rocket science.

We're retesting previous highs and we did pop off once we broke above that, but we came back to retest right away. So other than that I mean this ideal exit would have been right around 36150 36160. Uh, and after that I mean it just sold off like you know, um, water sinking or Rock sinking in water? Um, and as of right now, it's lacking progress. It's trading below the moving average trading below the EMA Uh, You guys know that I've been waiting for the NASDAQ Market to begin to indicate signs of progress and higher highs and higher lows.

Uh I Just don't know if we're going to get that with all this news being talked about um over the weekend of uh, government shutdowns, right? Uh, So for those that are unaware, um, the Senate passed a continuation resolution within hours to spare before a midnight deadline on Saturday Again, this happened over the past weekend um, uh which was signed by President Joe Biden into law. Uh, the bill kept the government uh, open through mid November. So again, this is just pretty much an extension uh to Mid November. So let's just make sure that we make that mental note that we know to follow up with this uh, an ex.

an extended uh period where lawmakers can use to finalize funding legislation. So again, it's just a bunch of um BS uh to continue to extend Uh so the government doesn't default, right? Uh, as of right now I I Don't know. Uh, we we've made many videos right talking about. hey, we're retesting previous support.

We still are. We're still holding Above This there. There's no progress on the downside, but you guys know that I'm very open with you guys and there's no progress on the upside either. I Want the market to recover and I'm waiting for it, but we don't have that comfor anytime that it breaks.

Above This EMA On the 4our time frame, it doesn't hold above. it ends up getting rejected and to me, that's not the best sign. We're lacking progress and this is showing signs of weakness on the bull side. Maybe the Bulls just need a little bit more time, right? It's the first trading day of the quarter.
it's the first trading day of October Um, so I'm willing to give it time I don't want to over complicate my trading and just like I talked about on Saturday I shared with you the five rules that I'm really going to try to uh, focus on when it comes down to my Trading uh and I want to make sure that I work on getting better I'm never going to be perfect but as of right now, um, I'm not sold on the idea that the market has to recover. it just continues and continues to get rejected. So I'm being very cautious I'm being very careful and my current open position as of right now I just shared it with the Lpp team is um, as we broke below the moving average and broke below the EMA I opened a short position which again, if it ends up beginning to recover, I'll close out that short position. But if we begin to see progress on the downside, working back back down to 357, then I'll add more to my position shorting the market and again, for those that are unaware shorting pretty much again, you don't have to short, you can just go into Sqqq, but pretty much this one goes up when the NASDAQ Market goes down.

So if we get confirmation of this reversal, then again, I'll just close out that trade. uh and I can choose to go long. but I'm just trying to work well with the market and not over complicated and um, I just I know that I need to give the market time. One thing that I did really well today is I gave just like my first uh or second rule I worked on staying patient enough to give the market time to identify its true Direction because if you see this, PE people will overlook this.

The market was bearish. pre-market lower highs, lower lows. right when the market opened Direction began to change I can't predict this. You can't predict this, right? There's these quick changes of direction that happened and this is why we talk about: give the market the time that it needs to identif ify its direction to draw out what it plans to do for the day.

So you can identify the low points, the high points, and then make a more informed decision based off of more data. So you guys let me know in the comment section I Want to be cool common collected I Want to be efficient I Don't mind stepping on the gas and being aggressive, but I want to make sure that conditions are favorable and I just don't see that as of right now as the market continues to consolidate. So I'll see you guys on the next one. I'll see you for tomorrow's live trading session again.

Second link in the description down below: I appre appreciate your time. Hope that we a thumbs up. Please consider subscribing if you have any questions. Shoot me a direct message via Discord or via Instagram That's the first or third link in the description down below to watch me trade live as soon as tomorrow.
That's the second link in the description down below and to enter our Bmwm4 giveaway that just started yesterday. That is going to be the fourth Link in the description down below. Appreciate your time like always. Let's make sure that we end the year on a green note.

Take care team.

By Stock Chat

where the coffee is hot and so is the chat

34 thoughts on “warning market fear rises as government shutdown updates…”
  1. Avataaar/Circle Created with python_avatars AnEndlessJourney says:

    Anyone have info on this TD Ameritrade going to Schwab??? Is TD just going to not exist anymore?

  2. Avataaar/Circle Created with python_avatars Hassan Awad says:

    Many were destroyed by the market back in 2022 GL to those still in fighting the tough battle. Be patient and wait for confirmation before executing your trades. You donโ€™t have to force anything in such a treacherous market.

  3. Avataaar/Circle Created with python_avatars Icaras12x says:

    Government shutdown, inflation, new pandemic, maybe Michael Burry is right again

  4. Avataaar/Circle Created with python_avatars Martin Resendiz says:

    Thank you Ricky!

  5. Avataaar/Circle Created with python_avatars Jeff Myers says:

    Bagged $3,300 in one hour this morning. Go figure!

  6. Avataaar/Circle Created with python_avatars Marc Kuhn says:

    Thanks for the update!

  7. Avataaar/Circle Created with python_avatars rene topeka says:

    close all shorts , not i have no idea better wait for the data. can't risk too much right now after some mistake i made

  8. Avataaar/Circle Created with python_avatars Devin Rose says:

    Thanks for explaining where you entered. Huge help trying to follow along on where you see confirmation

  9. Avataaar/Circle Created with python_avatars Team Kevin14 FF says:

    the guys started selling onschain from five cents

  10. Avataaar/Circle Created with python_avatars Himanshu says:

    This project will fly if onschain will be listed on p2b

  11. Avataaar/Circle Created with python_avatars TOXIC says:

    I bought four thousand dollars tokens from onschain, a year later I will sell it for forty or fifty thousand.

  12. Avataaar/Circle Created with python_avatars ๐“๐“ท๐“ธ๐“ท๐”‚๐“ถ๐“ธ๐“พ๐“ผ says:

    They made onschain with AI, this is the first project in the world, I have already bought for five thousand dollars.

  13. Avataaar/Circle Created with python_avatars Nist Institute says:

    It is very logical to collect onschain from the bottom price and sell it after 6-12 months, the price will increase every two weeks.

  14. Avataaar/Circle Created with python_avatars Sara Jleilati says:

    price goes up every two weeks

  15. Avataaar/Circle Created with python_avatars OneNineThree YT says:

    we buy onschain for 40 cents now we are at the top when its 2000$

  16. Avataaar/Circle Created with python_avatars Golden Pledge says:

    Onschain will be listed on P2B, they said it directly on P2Bs official website.

  17. Avataaar/Circle Created with python_avatars ๆฐๅจAlaska says:

    On which exchange will this onschain be listed?

  18. Avataaar/Circle Created with python_avatars MahfujCodes says:

    Binance shared the onschain

  19. Avataaar/Circle Created with python_avatars Penghuni dollar biasa says:

    Binances news about onschain says it will be $2500

  20. Avataaar/Circle Created with python_avatars โ€ข แดฌแตโ‚„โ‚‡ O F I C I ไนˆ L โ€ข says:

    Onschain will blow the market to the moon

  21. Avataaar/Circle Created with python_avatars sophia didla says:

    Onschain is currently selling for 40 cents

  22. Avataaar/Circle Created with python_avatars Chanel1 says:

    will onschain be listed?

  23. Avataaar/Circle Created with python_avatars KYSERHUB says:

    Can you review the onschain?

  24. Avataaar/Circle Created with python_avatars bevel1x says:

    onschain! I already took my place, I bought fiftyย thousandย tokens

  25. Avataaar/Circle Created with python_avatars dawson says:

    QQQ is going back down to 352

  26. Avataaar/Circle Created with python_avatars Paul Harris says:

    Growth stocks are leading above the defensive sectors, with tech in the lead. Bullish signs to me

  27. Avataaar/Circle Created with python_avatars RTAnon says:

    I wish the market will pick a direction. This crabbing is annoying

  28. Avataaar/Circle Created with python_avatars Abhishek Thapak says:

    Wt u doing broo..not getting..one day u come nd say , tym to buy everything, next day say, omg , bull trap , sell everything, nd this continues.
    We knw market is unpredictable, nothing bad in that , but why u do these things despite u r badly false each time.

  29. Avataaar/Circle Created with python_avatars c4ptain games says:

    even worse ricky i locked in profit at the top and did a bunch of bad re entries and got faked out enough to give back everything loll lately confirmation is just a fakeout and the cheap is always getting cheaper but yea my bad

  30. Avataaar/Circle Created with python_avatars Backyard tractor and welding LLC says:

    After I sign up, is everything on the Discord. Do you just click on live trading on the Discord?

  31. Avataaar/Circle Created with python_avatars Hot Mess says:

    Open closed doesnโ€™t matter what I do in the market it gets me almost everytime

  32. Avataaar/Circle Created with python_avatars Solar Productions says:

    U made me 200 dollars today w the advice for amazon. Not a lot but itโ€™s better than 0. Thank u Ricky and you have a loyal supporter now. I hope to chat w you one day

  33. Avataaar/Circle Created with python_avatars angry jelly says:

    I did pretty well this year ๐Ÿก

  34. Avataaar/Circle Created with python_avatars Jamaal King says:

    Iโ€™m here bro. Much love

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