Who else is getting smote by the stock market? Let's get on team. it's Ricky here with Techwood Solutions here with a super quick stock market. Update Again, not just here to update you guys on my green days, but of course on my Reddit as well. I'm down 2500 so far.

On the day I shorted the market market was making lower highs, lower lows or the pre-market session I began shorting. Of course as soon as the market opened, there's a quick change of Direction I Want to explain to you why and then I'm gonna explain to you what is actually being factored into the market right now. Why was I so willing to short the market? Well, we were trading right around that 279 280 resistance range for ticker symbol QQQ QQQ For those that are unaware, maybe a little bit nearer to the market is a NASDAQ ETF It goes one for one for the overall uh NASDAQ market. So if the NASDAQ Market moves one percent, then so does this.

If it moves down one percent then so does this. The great thing about this is that well you know yesterday was the CPI data report came in as expected. That's great, but we've been rallying up ever since then. we all know that there's been that resistance level right around 290 to 300.

Obviously we still have, you know, decent up upside. but because of what's to come by this up up and coming week we have earning reports that are set to be released quarterly. Earnings are not expected to be good and because of that I thought that the market would have started factoring that in I'm too early to the party again. this is something that I'm half I'm going to have to follow up with and I accept my loss.

So I'm going to follow up with now if I'm up or down on the day and I'll post it on Instagram especially if you're part of my Learn Plan profit group as right now I'm down nearly three thousand dollars on the day and it's just the loss that I have to accept, right? But I continue to make these mistakes. But I just want to explain to you why why was I shorting the market? Well, because the report was already factored in yesterday, markets traded sideways I Thought that today leading up to next week right with up and coming earning reports that you know, earning reports are not expected to be good and once that does get factored and if they actually come in worse than expected, the market can begin to retract back down to again the support range that we have right around 260 to 250. that is why I began to short the market. For those that are unaware, what does shorting mean shorting means that I was betting against the overall Market I expected it to actually sell off.

so I actually make money as the market sells off. I still have an open position right now and again I'm down about um, you know, 2500. So I'll make sure that I keep you guys up to date if you guys don't follow me on. Instagram That's that third link in the description down below.

But before we talk about that, one of the things that I wanted you to understand is why exactly is the market performing the way that it's performing? This is the best consumer sentiment report since April of 2022.. this means that when asking the question from producers right of how do you see our current economy, consumer sentiment is pretty solid. We can see that it came in at 64.6 with the expectation of 60.5 percent. the prior was 59.7 percent.

So again, market now believes and individuals now believe that markets and the overall economy are doing better. And that's great, right? Because if people as a whole believe that the economy is doing better better than they're more willing right to invest money and pour back money into the market and into the economy that will create growth I'm not sure if the Federal Reserve necessarily is ready for that, but that's essentially what you know was reported today and rightfully so. The the CPI data report came in as expected 6.5 From the previous of 7.1 we peaked at 9.1 percent. and obviously we're not where we want to be, but we're making progress and that's very, very encouraging.

So I'm still invested in my long-term positions I Still want to take my dollar cost average into consideration? but I think that we have another leg down with up-and-coming earnings and then hopefully we can begin to make a stead recovery. Friendly reminder: we still have the Federal Reserve that's going to be raising interest rates to this at the end of this month if I'm not mistaken. I'm gonna have to double check the schedule for the Federal Reserve but if I'm yep, it is going to be towards the end of this month. Uh, when it comes down to the Future interest rate hike uh for the month of January.

So I'll make sure that I keep you guys up to date on the exact date once it's actually going to be reported and then when Jerome Powell is going to speak, who's the head of the Federal Reserve I'll keep you guys up to date with all of that. Do not worry. One of the things that I do want to remind you is that this is a three day weekend. Martin Luther King Day is on Monday So in observance to that, the stock market will be closed I know I know if you're just getting into the market.

The thing that I love about this is a lot of you guys are now getting very excited and looking forward to Mondays and I think that says a lot about you. You're ambitious, you know you're really wanting to work towards something. Take the day off, enjoy yourself, and we'll be here on Tuesday at Market Open for our live session! Friendly reminder: I Do Trade Live every single day and I Do it exclusively with my Learn Plan Profit Group. They are the only team that get to watch me trade live every day.

And right now, not only are we running the biggest sell ever, that's the second link in the description down below. It's 150 off, but on the thank you page, once you purchase, you can actually redeem your free mystery box and when you click the link, that's all you literally have to do. Select your size and while supplies last, you get a free mystery box for every order. for every person that now signs up for Learn Plan Profit 2.0 up until January 20th.

it's a limited time promotion. Not only do you get the biggest discount not only do you get access to Lpp 2.0 but you also get this free mystery box. It's a t-shirt a flag, a trading notebook, and a trading mouse pad. all for free.

And the discount applies automatically at checkout. so make sure you go all the way to checkout and the discount will apply automatically at checkout. If you have any questions about that, either feel free to send me a direct message via Discord that's that first link in the description or feel free to send me a direct message via Instagram And that's that third link down below. We are running a giveaway if you want to learn more about the giveaway and how you can win a brand new Apple Watch Ultra That's going to be the fourth Link in the description and yes, I Am using the Weeble trading application They have a huge promotion.

You can earn up to 12 free stocks when you deposit as simple as 100 and again that's going to be the fifth Link in the description down below I Appreciate your time, Hope that on your thumbs up. Please consider subscribing hope and wish you guys an amazing three day weekend! And like always, let's make sure that we're in the year team!.