Test us one two three. Test Test One Two three. My worst fear came about and I slept through my alarms I Really do apologize here. We go check it out.

All right son. inclusive. Point Four percent does not look good. Oh, all items increased six percent before seasonal adjustment.

Wow, we did see a drop. What the heck would you look at that? Oh my goodness, that is way better than expected. Yeah, 0.4 We saw Core CPI a little bit higher than expected I Would think that Tqq would be performing significantly better There we go. So we got Tkq up two percent on the day.

All right, Looks like it's correcting itself a little bit right now. Here he goes. Coming back to that moving average still up two percent on the day for Tkq. Here it goes: pulling on back core CPI Point Six percent.

Saw an increase of 0.4 but overall still pretty good. Fuel oil saw decrease of 7.9 percent. Okay, that's significant. What else utility gas pipe Services saw an increase? Look at that.

It's one of the most significant differences that we've seen in January We saw an increase of 6.7 percent in February We saw a decrease of eight percent. Right of eight points. My goodness, there it goes. testing that moving average.

All right. Uh with overall Core CPI If I'm not mistaken, let's double check. So all items less food and energy Rose 0.5 percent after Rising 0.4 percent. Okay, so that's put.

That puts Core CPI at Five Point What is it? Yeah, 5.5 percent. Here we go back to 400. Let's see if we see NASDAQ showing a little bit more signs of an uptrend. we are testing the moving average.

Okay, all right yo, testing moving average. This is actually significantly better than what I expected for from the CPI data report. I'm going to be completely honest with you guys. Um, I did not expect it to come in as expected at six percent.

uh, before seasonal adjustment. So we went from 6.4 percent all the way down to six percent. This is better than my expectation. This is as expected according to the market.

Um, that's kind of the sad part which I think that this is why the Market's reacting the way that it is. We have seen a support above 290 with you know, 70 cents pretty much the entire pre-market session. Um, the CPI data did not come in bad. It did not come in worse than expected.

So it came in as expected at that six percent. Mark So they cook the books for sure I knew something like that was going to be said. it's called CP lie. Oh wow, that's that's probably the most creative one I've heard I've heard yet of course a nice man.

Uh, do you like options I Do not trade options myself I View them to be too risky, but um, that's just my two cents right? I Prefer trading actual shares I've never traded options I Do not trade options. you know during my live trading sessions I Focus on one thing and that's trading shares. Yep. Seattle for those that are turning on in CPI Data came in as expected.

Core: CPI came in a little bit higher but not bad and it came in at a whopping six percent before seasonal adjustment. So from 6.4 we dropped all the way down to six percent I Don't know how they did it, but we saw a huge drop. Uh, this was one of the biggest drops that I've seen in Utah utility gas pipe services from a 6.7 increase to a eight percent decrease or eight point decrease. And here it goes.

Looks like we are beginning to show signs of a support here on QQQ So how does this make you think about Uh, Sqs and Tqs? Um, this is very encouraging for Um Tqs, right? Because Tq's NASDAQ is the one that is the one that's more oversold, meaning that it's the cheaper one right now. based off of this recent pullback, right? I I Think that there was a right if I'm just thinking out loud. Um, based off of how bad things were looking. um with with the banking system with how the Federal Reserve wasn't really going to be allowed to raise interest rates too significantly anyways because of how it affects much larger Banks or how it will affect much larger Banks Um, I think it's It's really interesting to see that you know it it.

The CPI data report did come in as expected. We are seeing a consistent decline according to these reports and I know what people are going to say already. Um that these that these Cpis are rigged, that they're fake? Uh I I mean don't shoot the messenger right? I I Don't control the CPI data and how it's calculated. Um, it's what I've heard a lot of I I Can't imagine the system being that rigged.

Um, and if that's the case, then that's the case. and at the end of it, we're gonna have to live with it right? But um, as of right now I think that this report is very positive. I Do I think that it came in better than expected? Um for CPI it's encouraging because maybe the banks it kind of lifts some way off of their shoulder. Um, because the Federal Reserve doesn't have to be as aggressive with future interest rate hikes.

I Think that's the most encouraging thing out of all of this. That's the way that I see it is that inflation is still going down according to this reporting right now. It's just it might just give the bank the Federal Reserve a little bit more time to figure out what's going on with all these. Banks right and why they're so overly leveraged I Don't know if you guys remember this.

uh, and again, if it's not too much to ask. again. Yes, definitely don't have to. But if you guys are enjoying this, live stream again, I'm going to break down the CPI data report in just a little bit so you guys can learn how to read it yourself.

But if it's not too much to ask, if you can really, you know, smash that like button. Let's see if we can get over 2 000 likes and please consider subscribing if you guys haven't done so already. especially if you want to participate in the live chat. Oh, and a great reminder: You can see that there's a fake rookie in the live chat, right? You guys can see that the like messaged me on Whatsapp or something like that.

I'm here to tell you that I will never message you through WhatsApp I don't know if you see it says WhatsApp 1620 whatever that number is I'm gonna hide the user from this channel. Uh, it's a perfect reminder. There's so many fake rookies that will try to email you that will try to message you through and Instagram or that will try to message you through WhatsApp I Can promise you I will never reach out to you through that foreign type of I will never reach out to you asking for money I will never trade for you I will never ask to trade for you I'm verified on YouTube I'm verified on Instagram and I'm verified on Twitter My team will never email you asking, hey, do you want to invest in or do you want me to invest your money something like that Please, please please know that I offer one service right? I offer one service and I sell merch right? I offer one service which is learn, plan, profit. It's the second link in the description down below that's for my private group.

It's the group that gets to watch me trade live every day. We do not reach out to people that hey, do you want to sign up I offer it right I offer it in my videos If you want to sign up the link is in the description. It's at your own discretion right? Like, feel free to check it out if you like what you see, you know, join our team. Cool! Second thing is, um, apparel, right? If you want to enter the GTR giveaway, you can buy apparel for every one dollar you spend.

It equals um, you know, five automatic entries. That's the fourth Link in the description down below and that's shop type but no one that is part of my team will ever reach out to you. Okay, you're hearing this from me directly. If if I ever reach out to you I can video time you know I will video.

You know if you ever get a message from me like hey, video chat me or something like that if I'm the one initiating the message if you're messaging me and then you're like hey, Ricky can you video chat me That's a different story I'm not gonna video chat you Um, but again, please please please understand that I will never reach out to you first I will never ask you to trade for you. Okay, um, but yeah. uh, really quickly. one of the things that I um well I was just paying attention right now to NASDAQ to see if we actually break above uh, this 293 resistance that we're currently experiencing Ricky Shoot the peace sign to prove that you're the real rookie.

All right. Josh There you have it for five dollars. I Appreciate it. All right let's say Okay, so do you think that the NASDAQ will go up based off of this report? but I think that it has a lot of potential to go up today? I'm I'm genuinely very very impressed by this report? I'm telling you I mean you guys have heard me say what I've said for the past week.

um I'm surprised and again I'm telling you this as I had more of an expectation that the market was going to drop because I thought the report was going to be bad, right? and I'm and I've told you many times before um that I'm not right 100 of the time and I share my opinion all the time. When I tell you that I'm surprised the market is not gapping up more and I think it's just because of what's going on with the banks as of right now NASDAQ is up not even one percent. yet almost one percent. But not yet.

We have Tqs up nearly three percent, but not yet right? I'm surprised that it's not moving up more. I Mean the NASDAQ has been getting beat right? It's been getting pretty beat up for the past week. week and a half. Let's be honest, right? Let me see a show of hands of our tough uh Bulls out there right that I've been holding on tight people that are going long? I'm sure it has not been a very enjoyable week or week and a half, right? I Mean be honest, right? This is.

this is the part of trading. Um, most people that have made money have been shorting the market and it's been a tough week for the Bears for the Bulls. No question about it. So um, I think that this is relief I think this is some way off of your shoulder.

Uh, I'm excited to see how the market reacts to when the Market opens. This is the part that's confusing me, right? This is the part that's confusing me because why isn't it Moving up higher like a like a a one percent move is is is not very much for Nasdaq especially with previous reports. I Mean can we not talk about this right? Where's our? Where are our OG You know, Lpp Traders right? Our OG viewers I've seen NASDAQ move up nearly five percent right in a day where a CPI data report is released right like I've I've seen big moves. but I think that's where a lot of the uncertainty is where people just don't trust the banks right now.

and I think that's where fear is still being injected into the market and it and it looks like it's trying to Rally right now. But based off of this pullback, this has given me a hint that the Bears are still present and that the market still has a chance of selling off. Imagine how confusing that would be. The CPI data report came in as expected at six percent and yet the market ends up selling off because of fear of the banks.

Like for Bears, We had a pretty decent setup for a a pretty bearish day if this report came in higher than expected. But overall, it did it right. So I want to see a show of hands? How many of you guys want me to break down line by line? the CPI data report I do not have to I'll leave it up to you guys. we're at 833 likes.

There's about 3 800 of you if this video gets 1500 likes right now. So you guys do have to like it, subscribe and like it. If you guys want me to do it, drop a like again, just smash that like button I'll break it down I'll show you how to read it. My goal is for you not to have to depend on me, right? Just like my goal is with the Learn Plan Profit Team, my goal is to teach you on how to do something on your own, not to rely on Me to have to need to do it every single time.

So I'll leave it up to you guys. Uh, but yeah. already showing signs of a resistance here for QQQ All right, do a poll. Now it looks like people are already doing it based off of the likes and again I really do appreciate it.

So um, all right, it's at 1200 likes. we're looking for 1500 likes. Give me literally one minute I'm gonna grab a bottle of water real quick. Everybody came in and surprisingly as expected, 6.4 to 6 percent that is correct.

Here it goes: we got NASDAQ testing that same resistance. once again, we're at 1400 likes. Again, if you're just tuning on in and you want me to break down this CPI data report. if it's not too much to ask, make sure you drop a thumbs up and subscribe to the YouTube channel.

And if this video gets over 1500 likes right now, it has to do it right now. I'll break down the CPI data report just so you have a better understanding on how to read it. So we're at 1420. Oh there it goes.

Alrighty they did it I did not see that. looks like again NASDAQ is getting rejected once again. Can you guys do me a favor while I'm breaking down. Um, the CPI data report I Just want to pay attention I want you guys to pay attention for me in the live chat? Um, actually I can just copy this.

Okay, I'm just gonna pull it on my second screen just to make sure that I'm keeping an eye on the market as well. Okay, all right, let's go ahead and jump right into it. So where do you find this document? What? What is it doing? What is it saying? Uh, what's the data? So this is from Bls.gov forward slash CPI It's a free website. It's literally where the report for this CPI data report is being released.

Um, they normally will update it. You can see right here that they up they updated every month. So the next CPI data report is April 12 2023 right one hour before the Market opens. If I click on PDF This one probably is not the oh no, it is March 14th.

there it is. February We saw an increase of 0.4 percent for the month of January Uh, for the month of February So this CPI data report pretty much is Just tracking. Hey, you know, based off of specific line items is inflation going up? Where's inflation going down month over month, right? That's all it's calculating. And then it calculates.

Um, the past 12 months and then that's how we get that number. that percent. So our expectation was six percent where previously at 6 point four percent, our Peak was 9.1 percent a couple months ago, right? So we've been making a steady decline, so we wanted inflation. We want inflation to go back down, right? Federal Reserve Raises interest rates to slow down the economy to bring down inflation.

That's that's the ripple effect. Uh, we could see here one one rep reading the report. I'm always just looking at this first area, right? the Consumer Price Index all Urban God I You know I Normally don't care too much about this I Look for the first thing of you know, did we rise? Did we drop? And how much? So it says that we Rose 0.4 in the month of February Cool Right after increasing point five percent in the month of January So this is just sharing with you how much we Rose this is the new one and then it just Recaps what? Where we were at in January right? Uh, the U.S Bureau of Labor Statistics reported today over the past last 12 months all indexes Rose six percent. So there's a specific formula.

You don't just add these, but what normally happens is again, there's a specific way to calculate it. but the way that you know, how did Rcpi actually drop if we added 0.4 right? That's kind of the question. So what happens is we drop 0.7 of last month and then of last year right for February We get rid of this one and then we add the new February. So we got rid of 0.7 and we add 0.4 So that puts us as as expected.

And now the really interesting thing is that when inflation was going up very aggressively month over month, that's when I This is. it's pretty much the next couple of months, right? Because in March when we calculate that one, as long as we don't rise more than one percent, we should be pretty good, right? Because that means that we drop this one one percent and then we add whatever is new. so we should be able to beat that month. In April, we saw an increase of 0.4 That's going to be a little bit more challenging to be, but again, will you remove this one And then we add that one.

Uh, in May Right when it's May when we're reporting for May of 2023, we drop the old May which is a 0.9 percent increase and then we add the new one and then in June Right, we can get rid of that big one 1.2 percent. And then as long as in June we are not seeing an increase of 1.2 percent, then we should see a drop, right? So this is how it's calculated in the past 12 months. I Mean there's an exact formula on how it's all calculated, but just wanted you to understand that pretty much when we add the new month, we drop the old one of the last year. Okay, so I am keeping an eye I Appreciate you guys keeping me up to date.

Uh with NASDAQ I Do have it on my second screen over here, so thank you for that. Um, now, how is it calculated right? What is being calculated Uh for for this inflation? Uh, so there's two things. There's CPI And then there's Core CPI. The Federal Reserve understands that they cannot control the supply of energy and of food, right? Because those are, you know, pretty much third-party items where they have no control over.

So therefore, this is not included in core. CPI And that's really what the Federal Reserve tries to focus on. Core: CPI It's everything excluding energy and food. But if you think about it, it's energy and food that have seen the largest, that that has been taken the highest hit of inflation, right? Um, so it's still calculating the six percent this is calculated in the 5.5 percent.

It's everything excluding food and energy. Okay, um, but when it comes down to what is being calculated, how do you read this? It's read from top to bottom right? This is the new month that was added. These are the line items that are being calculated and you just go from top to bottom of you know all items. It's an increase of 0.4 Food saw an increase, right? We go across Food.

We saw an increase of 0.4 Food at home saw an increase of 0.3 percent. Is it food away from home? Um Sun increase of 0.6 percent and then energy supposedly saw a decrease of negative point Six percent. right? So you go down the list and what I normally look for is what was the biggest increase and what was the biggest decrease. And right off the bat I can't see anything.

It wasn't like last month of the months prior where we had some with pretty big jumps up. Right now everything for the month of February looks like it I mean the biggest drop that I see here. there was one that was at eight percent right? So negative. Eight point.

Uh well. negative eight percent on utility gas pipe services and then here with I think fuel oil right? This line item saw a decrease of 7.9 which I find to be. Um, pretty interesting because I don't know about you guys and again, maybe it's just where I live I've noticed that in the month of February gas prices started going back up again. Is that is that not true for you guys? You guys can let me know what you think.

but uh, that that was very surprising to me that um, you know for fuel oil that I've been seeing it increase and it's not just in one area, but it's in multiple areas. But according to this it's saying. It's saying that fuel, oil, and gasoline all types are still seen a decrease or not much of an increase. But now I'm seeing based off of the live chat we have.

Yeah, we're up. 17 for gas prices? Uh, not very much. In the Midwest stayed the same. Okay, uh, but yeah.

so these are so pretty much all of these line items are being calculated. Everything from new vehicles, used cars and trucks, apparel Medicare Commodities Shelter Transportation Services Medicare Services These are the items that are being tracked under the CPI data report and they're all line items and you read them across the board. But you go down the month, right? So this was the one that was just released February 2023 Because the month has to complete itself and then it gets released in the following month. It's like a pro-rated bill, right? It gets you have to complete the entire cycle of the month and then it gets reported the following month.

So you go down the list and then this is how we saw an increase of 0.4 Right in January We saw an increase of 0.5 in December We saw an increase of 0.1 and then that's what gets added to this formula and then we dropped the old month. we add the new one February 2022 removed February 2023 Added Make sense. Do you guys have any other questions about the CPI data report? Yes. Know where the numbers at where it increases.

They include the old month and then Core CPI right being calculated so we can see all the way that they calculate course API or the way that they talk about it is the index for all items. less food and energy I Don't know why they make it sound so weird, but less food and energy? That means course Core CPI Everything excluding food and energy. Okay, so it came in hotter. Now it came in as expected.

It came in as expected. for um, the CPA data report. It literally came in as expected. How can you tell what the expectations are? Uh, well, and the economic calendar.

You can see them right here that we were expecting an increase of 0.4 and we're expecting an increase of 0.4 on Core CPI So Core CPI saw a little bit of a larger increase, but for the month of February we wrote 0.4 so you could always Google search these Market Expectations I Made a video about it I Think the video that I made yesterday I might have said 6.2 percent but it was six percent. This has to be cooked books. So why is the market going up? Because the inflation report went down right, It went in I went as expected so it makes sense on what why the market is going up if you're asking why the market is going up I Don't think you really understand what the expectation was and what was just reported. the report came in as expected.

So yes, the Market's going to go up core CPI is sticky I'm I'm literally still so surprised guys that the CPI data report came in as expected I was not expecting CPI or the inflation report to drop. Kind of relieved that it did because it would have been very I mean I'm sure a lot of you guys have heard, um that the Federal Reserve might even consider not raising interest rates because of how bad it could affect larger Banks Do I think that that's fair? No, but it's kind of like 2008 right where banks are going to have to get billed out and it's because of how much more harm can happen to the people to people like you. and I we have our monies and Banks right and you and we can complain all we want of. like no hold these Banks accountable like they were trying to make too much money.

they were trying to be greedy. but at the end of it if they fail and so do we, right? Um, the part that just baffles me and I was going to film a video about it but I just I Don't know if I can put myself through it, but I Remember Congress just last week for those that tuned on in, right I live streamed your own Pal's testimony. There is a series of Congress men and women that were testified and that were clean to Jerome Powell Who's the head of the Federal Reserve to set less aggressive standards on cash reserves right Of what they have to have under manage or what they have to have in assets right? That they have to pretty much maintain a specific number of cash. So the same thing doesn't happen that happened in 2008.

right? They were telling no. Like they're telling Jerome how to remove that there shouldn't be any limitations on what banks need to have in reserves, right? And then literally just last week on Friday or Thursday the 16th largest bank in the U.S fails right? And then I believe It was yesterday that it was announced that the New York Signature Bank which was like the third biggest Bank to fail since 2008.. So it's like, how can these Banks ask for Less restrictions when all they're doing is they're in tough positions right now, right? The the thing that happened with Silicon Valley Bank is they made a bad investment decision. They have a huge focus in Tech Super aggressive.

They did it extremely well during 2020 and 2021, But during 2022 they invested in shitty treasure yields right? And in comparison to our current rate of what it would offer, it was less than half of that. And now they want to get bailed out right? Or they they needed to get billed out. They got bought out. Um, so I just I Just think it's insane that this continues to happen.

They continue to ask for more leeway, they continue to ask for Less restrictions, and then the same thing happens over and over again. And if the Federal Reserve doesn't raise interest rates, inflation might start getting even more sticky, right? And that's going to hurt people like you. And I That means that our money is worthless, right? But if these banks are not billed out, then we all fail right? Because if they lose their money then so do we. So yeah, I mean I have nothing else to say other than CPI Data report came in way better than I expected, but it came in as expected and that's a great sign for the Bulls I'm I'm still genuinely surprised that the NASDAQ Market is not moving higher, but I Simply think that that is all thanks to the banks and the fear and the uncertainty that is currently being injected into the market.

because we still don't know what the Federal Reserve is going to do about the banking system that can't control itself. I Think that's what it really comes down to. So is Tqs under the PDT rule? Can I date your that as many times? No. Jay Zuni Now it's under the PDT rule.

You cannot. You can't day trade anything that you can't date trade. These are shares, right? If you're going to be trading Futures That's different. But these are shares.

It's shares of an ETF. So no, it's still under the PDT rule. Any shares there's it's not that. Oh no, you, there's no PDT With this.

there is. They're 100 is. So please be aware of that. NASDAQ has no investment in Banks.

Um, yeah, but NASDAQ has a heavy focus in Tech right? Um, and Tech is often considered to be more risky because it's more volatile. It really is. So um, all right. Um, I mean one of the last things that I want to say is we did see an initial pullback right after we gapped up when that report was released.

The thing that I just want to remind you is have an exit plan I'm not here to instill fear in you I'm telling you right, Even though I thought the market was going to sell off because I thought the CPI data report was going to come in worse than expected, you know I'm surprised the market isn't moving up higher and because of this I think that there is potential because of why it's not gapping up I Don't know why I just have to assume that it's because of what the Federal Reserve will have to do because of the banking system, right? There's still fear in that there's uncertainty. I think that there's potential that the market tries to pull back. Um, by the time the Market opens, we'll be able to see shortly after I Just want to make sure that if you're in the green right now, if you're up one percent on cues or three percent on Tqs that you don't give back all of your money, right? or all of your profit. So um, I'm going to be trading live with my learntime profit team, but that's for them, right? That's exclusive and that's private.

So for all of you guys I Just wanted to remind you I wish you nothing but the best CPI data reports are normally very volatile days so please watch that. position size and one of the reminders that I want to have for all of you guys is again one day does not define you as a Trader You know there's always going to be more money to be made. The goal should not be to be perfect. You will never be perfect with your entries or your exits.

but it's to be effective with your entries and with your exits. So if you begin to see a break of pattern, if you begin to see no more signs of progress, then understand when to lock in profits and to get out for the greater good of your of your account. right? It's not about oh, that was perfect. No, it's not about that.

It's about. hey, we're no longer seeing higher highs. We're showing signs of resistance. Maybe it's time to reduce my position size or get out I'm just trying to look out for the beginner Trader out there, right? I Wish someone was doing this for me when I just got started.

So that's my one tip for all of you guys out there. Not that the market needs to sell off I'm just saying that if it does, it's never about the or what if the market goes up, that's not my my concern. Your concern should always be to moderate and manage risk. That is your main focus every single time.

Understand why most beginner Traders fail and it's because they're all focused on making money and never focused on keeping it. Your job is not to avoid risk, your job is to manage it and the quicker that you realize that, the better off that you will be. If you refuse to accept that I can guarantee you you will not make it in the stock market I Can promise you anyone can make money in the market. It's about learning how to keep it.

That's the biggest difference. Okay, so appreciate your time again. We have about 3 600 of you I Don't know how many of you guys are part of our Lpp team, but I do want to remind you that again, we are running our biggest sell right now. It's the second link in the description down below.

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Um, and that's really just it. So for all of our Lpp members, I'm going to close out this live stream and I'm going to start the new one so we can, all, uh, get ready for the Lpp live training. If you have any questions beyond that, send me a direct message via Discord and that's that first link in the description down below. I Really do appreciate you guys time.

Congratulations to all the Bulls out there. Uh, it looks like you guys are holding strong. We're holding above the EMA. We were still holding above the moving average and we shall see if it continues to make higher highs by the time the Market opens.

But nonetheless, wish you guys nothing but the best. Hope that I earned a thumbs up. Please consider subscribing and like always, let's make sure that we end the year on a green up. Take it easy.