Hey, what's going on team? it's Ricky with techbook Solutions So we are shorting the market today as the market the day after Thanksgiving begins to sell off. So I hope that you launched something new and if you do, please consider dropping a thumbs up and subscribing as I upload new videos every single day about the stock market. Now one of the first things that I want to cover is uh. during today's live trading session, it was very easy to see that we were showing up to be bare. uh, bearish meaning that the market was selling off. One of the main things that I like to focus on is QQQ it's a NASDAQ ETF And during the pre-market session I was seeing uh QQQ form lower highs and lower lows and by the time as we were transitioning into Market open, we began to see a lot more selling pressure. Now we uh began to establish our support right around that like 287 level to 286.50 uh, but a lot of consolidation right around 287 where we're not really seeing much progression below 287. We do fall below it for a short period of time and then we quickly begin to recover. We fall below it for a short period of time and then we quickly begin to recover. So that really helped me identify kind of this like support range right because if I'm shorting something I need to see where that Supply level is for the NASDAQ Market because if I'm shorting it I need to make sure I need to know where I want to get out of. uh once we get to that level and it's this EMA line that has been acting as a resistance level on that five minute time frame for the remainder of the day. Even right now I mean we have 30 minutes left until the market closes. Friendly reminder: By the time this video uploads, you'll probably just have a couple more minutes. The market today closes at 1 pm eastern Time or at 10 A.M Uh, Pacific Standard Time depending on where you are within the United States right? So in just a couple of minutes, Market should be closing for you guys. and again, a little bit more on the bearish side. So one thing that I do want to share with you guys is based off of the different articles that I was reading is like what is causing so much of the cell impression. And first off, this isn't even that bad of a Reddit it's barely down half of a percent. Uh, and then Sqq is up 1.6 Again, this is a triple leverage. ETF This goes up when the NASDAQ Market goes down. I'm up ten thousand dollars on the day. I just added a little bit more than I Decided 5 000 more shares to my position, adding right around the EMA line and then expecting to sell again. my goal goal is something to work towards. not something that has to pan out exactly according to plan, but my goal is to sell right around 44.85 to 44.90 That's been a very common resistance level. and again, if if we look at QQQ, that's most likely when we're approaching that 286 80 support range for the NASDAQ Market. But where is this inconsistency or selling pressure coming from? And it's well, today's Black Friday right? And it's just I Think the conditions right? Uh, there is no question that a lot of people are becoming more aware because of higher interest rates and really high inflation that this time going around even Jeff Bezos himself right? The the founder of Amazon talked about that this holiday season. Because of the uncertainty of this recession, you're going to want to be a little bit more careful with your spending. Maybe you know, save uh and wait on bind, uh, that new TV or that new bicycle and that's something and that's from coming. uh, from someone that you know benefits from from all those e-commerce cells. And to hear him saying that, uh, just kind of I think expresses the uncertainty that a lot of people have. uh for this potential recession. So the way that I view this, it's kind of a domino effect. We might not see it all today, but there is no question. I mean just ask your friends and family are they spending more? This year or two years ago when they were printing out all of those stimi checks, right when everyone was getting a stimmy check, the stock market was going out because people knew that the market was going to get put back into the economy. And again, the economy grows when more money is being circulated. But as of right now, if people are saving money or people are being more cautious, especially during a very critical time of the year known as Black Friday or Cyber Monday then guess what? that's going to hurt not just the economy right now, but the domino effect of later down the road for all these different e-commerce companies. OR Tech companies? Uh, when it comes down to their quarterly earnings, right? Because you have to think all of these advertisement platforms as well. If if all the businesses that run on these advertisement platforms such as meta platforms Google alphabet, you know, Um, YouTube Whatever the case might be, if if they see that they're not seeing that same type of demand that they saw to last year and their cost per result is much higher than at that point, you know they're more likely to spend less money. Excuse me. Just like the consumer, Oh, excuse me. I was joking there. but I Just wanted to make sure that you guys, uh, kind of keep that in mind as we transition into next week. I mean I Want you guys to enjoy this holiday weekend with your family and your loved ones, but to take into consideration that you know the economy is slowing down and if the economy continues to slow down, then you know these companies are going to feel the impact as the months continue to follow. Right? Because what is what is happening right now won't get reported until the first quarter of 2023, right? Because during the quarterly earnings, it's always what happened on the previous quarter that gets reported. So please just take that into consideration on how that might positively or negatively influence. Um, you know your specific place and there it goes. Look at that. Twelve thousand, Seven hundred, Twelve thousand, Five hundred. I'm gonna get my limit order ready to sell and I'm gonna sell 4 500 shares and I'm gonna put this with the limit order of 44.85 and we'll see if we actually get it filled. So I'm going to put this limit order there. So when two hundred and one thousand, Nope, there it goes. Selling that with that limit order and we should be good to go. Uh, we'll see if we get filled. I'll keep you guys up to date on Instagram Very grateful for this day after. Thanksgiving for a 12 nearly 13 000 gain, My goal today was ten thousand dollars. Obviously I'm trading with a pretty large dollar amount, but a lot of scalping today. A lot of buying pre-market selling the highs, buying the low, selling the highs, Buying the low, Selling the highs. And just like you saw right now, buying the lows and selling the highs once again. So although the day it only offered about two percent margin I mean we made the most of it. And there it goes. We just hit 13 000 for a short period of time. So by the time I reduce my position size I should be at thirteen thousand. I'll keep you guys up to date on Instagram or if you're part of my Learn Plan Profit group I'll keep you up to date via Discord So I appreciate your time again. Uh, for those that have been waiting for a big discount, Uh, we're running our biggest sell to 150 off. It's the second link in the description and if you sign up for Learn Plan Profit 2.0 you know you might be asking what's the incentive of signing up during Black Friday Right now now, we're going to be giving away a total of 6 500 cash to three lucky winners. So first prize, uh, it's thirty five hundred dollars cash. Then second place is two thousand dollars cash and third place has one thousand dollars cash. So as long as you enroll within Learn Plan Profit between November 14th and November 28th, you get automatically entered. You don't have to do anything. You guys can use promo code Black Friday At checkout you don't need to, but if you want a hundred and fifty dollars off, then make sure that you use it. You'll get automatically entered and then on November 29th we will be announcing the giveaway winner. The same thing for Attack with apparel. We're doing a 35 percent off store wide for trading mouse pads uh, everything trading related, trading apparel. 35 off and you get automatically entered towards our two thousand dollar cash giveaway. So again, a total amount of eighty five hundred dollars cash. You're able to win just with those two different options that we're running for our Black Friday and Cyber Monday sale. and again, all of the links are in the description. So if you want to enroll to learn, plan, profit our biggest sell and also get entered to our Black Friday giveaway, that's going to be that second link down below. and just make sure that when you get here, you click on this link up here and it will send you on over to that Black Friday giveaway. Tab And for the tech buttons apparel, just head on over to Shoptechbeds.com Select your favorite items and get automatically entered towards the two thousand dollar cash giveaway. And of course, enjoy that 35 percent off store wide. We really do appreciate you guys the time again. I'm always one direct message away, especially if you're an absolute beginner. If you're just getting started and you don't know how to start I don't I don't care what your question is, send me a direct message via Discord I respond to all of my direct messages and that is that first link in the description via Discord or if you're on Instagram, that's the third link in the description. Feel free to shoot me a direct message via Instagram I Appreciate you guys with time, Like always, wish you a happy holidays. And like always, let's make sure that we end the year on a green note. Take it easy team.