Why is the stock market dropping today? Meanwhile, filings for unemployment insurance fell last week, holding near historic lows. Initial jobless claims, the most timely snapshot of the labor market, came in at 225,000 for the week ended Nov. 26, a decrease of 16,000 from the previous week's revised level, Labor Department figures showed Thursday.
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Jerome H. Powell, the Federal Reserve chair, faces a challenging moment as inflation proves more durable than policymakers expected.
The Federal Reserve conducts the nationโ€™s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy; promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad; promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole; fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations.
The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas. Average price data for select utility, automotive fuel, and food items are also available.
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Hey, what's going on Team: it's Ricky with tactic solution. Just a super quick stock market update as we head into the extended hours. I Do apologize for the late upload. Uh QQQ I did break below which is the NASDAQ future.

Uh, we've had a very common support range for the past couple of weeks. Uh, right around this 280 support range. As of right now, we're trading right around 276 around 276.90 Uh, By the time that the market closed, uh, one of the things that I'll quickly want to show you is on these Nasdaq futures I have this all set up on the one month chart, we could see that for the past couple of you know, really days, we've been seeing that same support range. One of the things that I want to remind you is that you know patterns tend to repeat themselves.

They don't always have to. The reason I want to make you aware of this is that if we do begin to see signs of a support on the NASDAQ Market maybe not tomorrow, right? Uh, but maybe even in this up and coming week right on Christmas week Actually, uh, to see if we actually begin to show signs of a support because of this common pattern of the overall lows of 290 and overall highs of uh I'm sorry, overall lows of 280 and overall highs of Uh 290 to 295. Uh, we can see that there's a general range of about almost five percent. and if this thing moves five percent, then you know the triple leverage ETF moves three times that, right? So then that's a 15 move.

So the reason I'm bringing this to your attention is obviously if the market continues to sell off Let it bleed. the cheaper it gets, the better it is for you. and I we can pick it up when actual opportunity presents itself. I Just want to make sure going into it that you are aware of these previous support levels and if we do begin to indicate signs of recovery, then to understand what goes up when the NASDAQ Market actually begins to go up.

So as long as you're aware of that, that's all that really matters. We do have the PMI reports that are going to be released 15 minutes after the market is open, so that's going to be on Friday December 16th. So so just a super quick update. Today was a pretty rough day for the NASDAQ Market I mean if we look at it on the one minute time frame, a lot of selling pressure for the better half of the day and then a lot of consolidation for the other half, right? We didn't make much progression after we kind of hit that midday Mark and we saw a lot of consolidation, even some signs of a recovery, but then again, it flattened back out into market closed.

So uh, Nasdaq futures as many of you guys saw already are in the green right now, but barely so. not much going on there. I'm just excited to see if we actually begin to indicate signs of an uptrend and we'll just happen to catch that within our live trading session. So I am thinking of going live pre-market let me know in the comment section: if you're part of our Lpp team and you want to see one of our private live trading sessions, I'm thinking of hosting a private live session tomorrow.
Um, that is pre-market hours so you can let me know down in the comment section and then we'll make it happen. So I hope they don't do a thumbs up. Please consider subscribing if you have any questions. Feel free to send me a direct message via Discord and that's that first link down below Again, if you want to watch me trade live every single day.

I Only work with one group and one group only and that's my learn plant profit group and that's that second link down below. So appreciate your time like always, let's make sure that when you're on a green note, take it easy, team.

By Stock Chat

where the coffee is hot and so is the chat

24 thoughts on “market warning know this now…”
  1. Avataaar/Circle Created with python_avatars God of War says:

    Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. 2023 will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment?I can't afford my hard-earned $180,000 savings to turn to dust

  2. Avataaar/Circle Created with python_avatars Too-old Forthischet says:

    To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isnโ€™t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?

  3. Avataaar/Circle Created with python_avatars K says:

    QQQ nasdaq ETF*** Not Future

  4. Avataaar/Circle Created with python_avatars Andrew Lapensee says:

    Sooooooooo, did yall short tesla when i told yall it was gonna drop HARD?

  5. Avataaar/Circle Created with python_avatars James C says:

    People still watch this fraudster?

  6. Avataaar/Circle Created with python_avatars Keng Luck Tan says:

    MARKET IS CRASHING.

  7. Avataaar/Circle Created with python_avatars CoRaZoN says:

    i'm in lpp team and i want you to live stream the premarket hours if possible thank you so much for your efforts

  8. Avataaar/Circle Created with python_avatars Joe says:

    LoL, NASDAQ will crash!, Estimate 10,200, thanks to this guy I bought in SQQQ @39.53, and making a fortune, I expect SQQQ to hit $59๐Ÿค‘

  9. Avataaar/Circle Created with python_avatars Miguel Maldonado says:

    LPP Gang!! Stream!!!

  10. Avataaar/Circle Created with python_avatars nick galtieri says:

    Yes, would love to see you for the pre-market session. Thank you Ricky

  11. Avataaar/Circle Created with python_avatars All We Do is Twin! says:

    Thank you

  12. Avataaar/Circle Created with python_avatars Jayson Chu says:

    Could you do the normal trading session at market open?

  13. Avataaar/Circle Created with python_avatars Buy Low Sell High with A.J. says:

    Live session all the way. A.J Bandz

  14. Avataaar/Circle Created with python_avatars Popeye Rubi says:

    How can i start getting into this? Need help please.

  15. Avataaar/Circle Created with python_avatars Royal Nerv says:

    what about this 3.7 trillion option expiring is it today?

  16. Avataaar/Circle Created with python_avatars Sam McVea says:

    Pre- market please

  17. Avataaar/Circle Created with python_avatars Ras Al-Drool says:

    gesundheit

  18. Avataaar/Circle Created with python_avatars Devon says:

    Quad witching tomorrow remember guys

  19. Avataaar/Circle Created with python_avatars Oculus Quest App Lab says:

    Qqq broke down but nq! did not. Why?

  20. Avataaar/Circle Created with python_avatars respthep1 says:

    What about the 10800 level of the nasdaq. That could be the support instead of 11300 ๐Ÿ˜ฎ

  21. Avataaar/Circle Created with python_avatars MrDetoxMC says:

    Yooo!!! I'd be down for the session. Thank you so much.

  22. Avataaar/Circle Created with python_avatars Gary Kellogg says:

    Buy low sell high. Thanks Rickie!

  23. Avataaar/Circle Created with python_avatars Lani Kutcher says:

    Why would anyone buy stocks with this administration in office. Everything they touch turns to garbage. Wait.

  24. Avataaar/Circle Created with python_avatars Anthony R Corona Q says:

    Futures were in the red s couple of minutes ago and thank you for the update, Ricky

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