Who else is ready for the CPI data report tomorrow? What's going on? Team? It's Ricky here with type of solutions. Hope that you guys are all having an amazing Tuesday Uh, today is a little bit of a red day, Not too significant. It's not doing anything that we haven't really seen. Uh, looks like the NASDAQ Market was retracing back to the moving average on the one hour time frame, but it's already beginning to show signs of a support.

And based off of the previous two trading days such as Monday and on Thursday uh, we found a support and we came back to that resistance right around 3 18.. So right now we are trading at 316. Again, it doesn't really surprise me that today is a little bit of a slower day. Uh, during my live trading session with the Lpp team um, you know we talked about this that today is not a day that we hesitate to lock in profits.

That's why I sent out that tweet today of you know eventually you'll end up either locking in profits in the green and or you'll end up back holding and you're gonna end up selling it for a loss. But nonetheless, Your Position will be sold. So either decide to hold it, sell it now, or forever hold your piece right. And our main focus today, at least for our Lpp team, was to not put ourselves in a position where we end up back holding that tomorrow when the CPI data report comes out one hour before the Market opens.

That we end up regretting right? that we didn't take action today. Right now is not a time to be greedy. It's not a time to be fearful either, right? If you want to go long and you have a long position and you can tolerate the time that it will take for the market to recover, then great, so be it. Don't be afraid to do so right.

tomorrow. There will be volatility. But again, it's all about tolerance. Can you tolerate the time it will take for the market to recover? And same thing with you thinking that the Market's going to sell off, right? If you think the Market's going to sell off and you want to have an open position, Sure, all I'm here to remind you is, Do Not put yourself in a position that is too heavy.

That will discourage you to ever want to trade again, right? Let's talk about what's to come tomorrow. So tomorrow is the CPI Data Report. I'm planning on hosting the free CPI Data Report live stream on my YouTube channel about 15 minutes before the actual report is released. I'll leave it up to you guys, get this video to over 1500 likes and we'll host that free live stream tomorrow 15 minutes before the actual CPI data report.

But for those that want to be able to figure it out on your own, the website is Bls.gov Forward slash CPI This is the official website where the actual report gets released. Uh, you guys can see here. March 23rd 2023 was the last report and then April 12th which is tomorrow at 8 30 a.m Eastern time which is one hour before the Market opens. As the next report, our current inflation rate is at six percent.

What is the expectation? Very simple current expectation is that actual inflation rate is going to drop to 5.2 percent. Our current rate is six percent. So what does this mean? Again, this is just what I believe. But Jerome Powell has this like script that he reads every single time and you guys let me know if you guys remember this script.

But one of his things that he always says and has even continued to say even after the bank failures is that the Federal Reserve will stay the course with its fight against inflation to get it down to their target of two percent. We're currently at six percent, yet the market thinks that we're about to Pivot right now. I'm not here to be controversial I'm not here to trigger you. No one knows I'm not going to hear it.

Be here to pretend to, um, you know, make it seem like I know exactly what the Federal Reserve is going to do. No. I Really? Don't even think the Federal Reserve knows what they're going to do because all they continue to say is that they will continue to react based off of economic data. So I Do believe that if this report comes in higher than expected meaning the expectation is 5.2 percent, our current inflation rate is six percent.

If we do not show that inflation is going down, the Federal Reserve will have no other choice but to continue to raise interest rates. That's what I believe. But again, expectation is 5.2 percent. If it comes in a little bit higher, right we're at six percent, the expectation is 5.2 and I think that's the kind of the discrepancy that people get confused right now.

we are at that six percent. So even if we come in at 5.8 or 5.6 I still believe that the market could react in a positive way. I Still believe that at that point, the Federal Reserve you know might not be the most ecstatic with that reporting. But it's also not bad, right? Inflation is still going down, just not as quickly as expected.

But overall, if inflation does not show that it is going down, if inflation actually shows to have gone up in the month of March which is being reported in the month of April right tomorrow, then that is when the market can react in a very negative way and more rate hikes can be announced than what it's currently expected. And that's just here. What? I'm That's just what I'm here to remind you is feel free to watch any speech of Jerome Powell when he talks about inflation even after the bank failures. There's not one time that he has said that he will stop rate hikes or that they will take a less aggressive approach.

They are hawkish. They say that they're going to stay the course is his exact words with its fight against inflation to get to that goal of the two percent. Target So hopefully this inflation report does come in lower than expected or as expected right? As long as it comes in lower than six percent. I Think Ultimately, even with how tomorrow might react, remember, tomorrow's a very volatile day.

Um, you don't Necessarily I mean a lot of people. We even recommend for our beginner traders that are part of Lpp to not even trade tomorrow. It's a very volatile day. It's a very risky day.

There's quick changes of Direction You know, Just don't put yourself in a position that you're not ready for, right? You need to learn how to walk before you run And tomorrow it's a Sprint I Think that's the best way to put it. So first thing is, tomorrow's just one day, right? So even if if the market does sell off a little bit again, all we're looking for is signs of progress And don't over complicate it because remember, one day does not define a market uh, or an overall market performance. So even if we do sell off a little bit tomorrow, does that mean the Market's going to crash? No, not necessarily. as long as we show progress on the inflation side of things, that inflation is actually going down.

Even if it's not as much as expected, that's still progress. And you guys know me. Out of all people, I've been wanting the market to go down. It doesn't matter.

I'm not going to allow my personal opinions or my hopes to cloud my thinking, right? I'm very open-minded and I I don't want it to be like, oh, if the Mark if the market sells off tomorrow, we're doomed. No, not at all right? Um, I'm excited to follow up. I'm excited to see how the market actually reacts how this report comes in. and I'm excited to experience this with all of you guys.

So I will be hosting it for free on YouTube All I ask you to do is if it's not too much to ask. Drop a thumbs up! Get this video to over 1500 likes and subscribe to the channel Right! turn on your post notifications. So YouTube alerts you. One is that we go live and it's going to be one hour before the Market opens.

If you have any questions before the actual CPI data report, one of two ways you can message me. You can message me via Discord which is the first link in the description down below. Or if you prefer social media platforms, direct message me via Instagram it's the third link in the description down below. I am verified on Instagram Please report all the fake accounts.

This is my only Ricky account and Please Be aware of that. So I Really do appreciate you guys time. Remember today is not a day where you want to over complicate your trading hours tomorrow. Watch your position size and please do not end up back holding a position that you're going to end up regretting later down the road.

Be calculated, stay patient and trust me, it will pay over a larger period of time. One or two days does not define a market, nor should it Define You as a Trader So hope and wish you nothing but the best I Hope to see you tomorrow Take Care team.