Hey what's going on Team? it's Ricky with. Talk about Solutions here with a super quick stock market Update: I Want to share with you kind of the swing trade that I want to enter and you guys can let me know down in the comment section. if you think that I mean I'm I mean say it as as what it is right I have no hard feelings um obviously I still need to wait for confirmation. it's super early on but I'm just getting super super excited because of how oversold the market is.

So one of the first things that I want to talk about is probably on why you clicked on this video is you know what happened with the market today? What were the economic reports that were being released? So the ones that really began to shift the market was one hour before the market opened. You could see at 8 30. Let me go ahead and click on the one minute time frame so we can see exactly one hour before the market opened. Um let me just double check that this is correct said for my time so that's going to be right around.

Um nope right here. right around this General time there's an aggressive sell-off What happened? Why did the market sell off? Uh, we talked about this yesterday for part of my Learn Plan Profit Group I Kept you guys up today of the main reports that were being released today and that was the initial claims and continuing claims. Uh, which pretty much if you're unaware initial claims onto the people that are filing for unemployment for the first time and then continuing claims on people that have continued to follow for unemployment. Um, you know more more than just their first time.

And this is week after week. So this is actually a weekly report. We have 204 000 people that filed for unemployment, but the expectation was 225 000 people. So actually less than expected.

meaning that less people supposedly filed for unemployment and what that means is probably less people have been let go, right? So is that a good thing or a bad thing? Well, it's a good thing for the economy. A bad thing for the Federal Reserve right? The Federal Reserve wants the economy to slow down and part of slowing down is that more people are losing their jobs, right? The Federal Reserve has a goal of 4.1 to 4.3 percent unemployment. We're nowhere close to that just yet. So because of that, this doesn't actually support a Slowdown or as much of a Slowdown as the Federal Reserve would like.

And then on top of that, the continuing claims came in at 1 694 000 and then it came in with the prior of 1718 000 prior. Um. and that is obviously you know, lower than than expected. So continuing claims even went down.

Not only just initial claims But continuing claims that people that have continued to fall for unemployment mean that people have, potentially, you know, gotten new jobs, right? And that means that either new jobs are being created something like that, right? And also that ADP change. So if you guys didn't see that that ADP changed, the expectation was 148 000. The reported was 235 000. Meaning again, a lot more people are actually getting their jobs back and it's that ADP change that cause a little bit more of that negative influence for the market because again, if we're not seeing a Slowdown this, this is kind of like the back and forth because I've seen it happen on both sides.

It's a weird way of thinking. but the Federal Reserve wants the economy to slow down and if these economic reports come out and they show that the economy is not slowing down a part of not slowing down as Jobs being created. it's a weird way of thinking. But remember, we're trying to view the market and view this report behind me the eye of the Federal Reserve and because of that again, Market has sold off for the entire pre-market session Right at Market open.

We established our support level here for the NASDAQ market and we've been really establishing this report and this is why I'm getting very excited. We're still trading below the moving average, right? We're showing signs of consolidation, but we definitely do not have confirmation if you look at this on the one hour time frame. this isn't just a general support I mean this has been a support level that's been very valid and it's you know that 260 range for the NASDAQ Market If you look at the NASDAQ futures, it's right around that same level as well where we are so oversold. and yes, the cheap can always get cheaper.

but if it doesn't then this is why I'm getting really excited. This is actually what I wrote in my um little Wall Street Training Journal Today Um, and it's the swing trade that I want to enter once we do have confirmation, right? I like to set more realistic expectations for resistance levels and when looking at this, you know, yes, we did hit highs of around 300 sometimes. yeah, you know, um, earlier mid, uh, last year we hit Eyes of 334. but I'm not really aiming for that.

with us being this oversold, even selling anywhere from like 280. So the goal would be right around 292 for QQQ And what that would look like for Tqq is instead of aiming for 25 a share, I would be aiming for 23 and even to the moving average right around twenty dollars. Sure, do you guys know what the what the ROI potential would be? and again this is before confirmation so obviously the market can continue to sell off. but if the market does begin to recover from where we're at right now just to the moving average, that would be 23 and to 23 dollars that would be around 40.

Now if it goes back to you know the previous resistance that we had at 25 this year we'd have we need something significant to bring us to that level. that would be a 52 percent retentive. Go back to Mid of last year's levels right around 39 a share. that would be 137.

But again I'm starting small and even working towards the moving average would be a huge milestone would be huge progress. Uh and that would be at a 20 a share which would yield you know a little bit over a 20. Roi I'm very excited I would love to see the market begin to indicate signs of an uptrend, but again just because I want something to happen just because I hope for something to happen again. Uh, stock market's not about manifesting right? We have a little inside joke here part of our Lpp team when it comes down to that.

So again, this is not the year of manifesting something to happen. this is the year of planning and execution and calculated risk. And if you do choose to take advantage of a risky position, then a good way to manage your risk is to manage your position size And if you understand that then again you're one step closer to the overall goal of being able to do this yourself. One of the things that I do want to remind you as if you you are under the PDT Rule and you continue and continue and continue to over trade the five minute time frame at least for me right, Really slows things down.

You can see on the five minute time frame. even with Tqs or below the EMA, it's still forming lower highs, lower lows. It's in the consolidation phase. no confirmation or reversal, and if we have no confirmation, that means no trade.

So right now is it time to stay cash. It doesn't matter how much I want this thing to go up, It does not matter. Remember, move your emotions aside, remove your ego aside. You need to understand that you're irrelevant to the stock market.

I'm irrelevant to the stock market. Allow the opportunity to present itself. This year is the year that you implement simple steps to implement progress. That is all.

You're not here to be perfect. You will never be perfect. You're going to make mistakes. Those mistakes Small right.

Watch that position, size, stay light and again. these are all Concepts that we talk about within our learn plan Profit lesson. Library So I Do trade live every day. so the ability to be able to see me buy and sell and lock in profits or cut losses is all caught in real time every single day right at Market Open.

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I'm very excited. Uh, hopefully my follow-up video can be when listing breaks above the moving average and we can turn this red day into a profitable one. Uh, if it begins to indicate signs of recovery. So very excited to follow up.

Don't forget today is our last day for the two thousand dollar cash giveaway if you want to learn more about this and how to enter today. January 5th is the fourth Link in the description down below. Tomorrow someone will be two thousand dollars richer and the question is, will that be you? if you haven't entered again, that's that fourth. Link in the description down below I Appreciate your time.

Hope that energy a thumbs up. Please consider subscribing I'd Love to keep you guys up to date and if you have any questions, you guys know how to reach out to me like always want to make sure that we're in the year now. Take it easy.