Hey, what's going on? Team Happy! Friday Hope that you guys were all having an amazing day I Want to provide you with a quick little recap on the day? Uh, close the day a little bit over twenty four thousand dollars I Left myself with my one lucky share. Uh, But one of the things that I quickly want to talk about is what caused the market to go up and a question and you know or a concern that we're bringing up within our learn plan. Profit Here! So I really hope that you learned something new and if you did, please make sure you drop a thumbs up and subscribe to the channel if you haven't done so already. So one of the main reasons that the market is going up is because of the number of jobs that were created in the month of December There's an unemployment rate uh, that was just released.

There's non-farm payrolls, right? With an expectation of 200 220 000 were actually reported. If I'm not mistaken, 223 000 jobs were actually created in the month of December Now this was higher than expected. with both non-farm private payroll and non-farm payrolls. you can see that the expectation was 200k came in at 220k, again 10 percent higher.

212. Uh, sorry 210 K was the expectation for non-farm payrolls and the actual was 223k. so again, not the full Lum Num. Still, roughly uh, right around that 10 higher than what it was now I Thought the economy was supposed to be slowing down right? A Lot of people are getting very excited because the unemployment rate went from 3.7 to 3.5 percent.

Let me remind you again, this is just I Just want to bring up the potential concern or discrepancy that we might see next month when asking the question of what is this exactly tracking This is tracking, you know the unemployment rate. The number of jobs that were created in the month of December Well, what is December Well, December is one of the most you know popular times of the year, right? So there's a lot of businesses that hire seasonally, right? So maybe for one or two months we could see that influx of higher employment because of these seasonal employees. But I want to remind you I don't want you to be surprised. This was just again food for thought.

Something that we talked about uh within our learn plan profit, uh, Discord chat. It's a great conversation because it's a great thing to bring up. I Don't you guys can let me know in the comment section Was it even something that you were taking into consideration? The markets are going up right now because the unemployment rate is lower because more jobs are being created That promotes economic growth right? Is the recession over? Are we getting out of this recession? But remember what month are we reporting it is December And if most of these jobs are seasonal jobs, then that means that in the up and coming months, as soon as maybe the next reporting for the for the month of June January right which is going to be reported in February we can see a big decrease in employment and a much larger increase in unemployment, right? Uh, this is where the initial claims and continuing claims will come in higher than expected, causing the market to most likely sell off and also the expectation based off of the previous reporting can also, you know, set the bar higher. but then when it's actually reported because of that, those seasonal employees can actually come in much lower than expected which then will again cause the market to sell out.

I Just wanted to make sure that it was something we talked about because I don't want you to be surprised in the next unemployment rate or the next reporting for the non-farm payrolls of like whoa, like where did all these jobs go? How do they just disappear? Why are a bunch of people losing their jobs I Want you to understand why? That's always our goal here on this channel I'm never going to be here to tell you what to do I'm never going to tell you where to buy a stock, How to buy it, How to buy it? Where to sell the stock? Um, but I Want you to understand why why did the market react the way that it did and why Potentially next month, you know the market could sell off based off of higher unemployment and lower jobs created. Uh, one of the last things that I want to make sure that I cover is? where are we left with the NASDAQ Market You know, after today, it was a pretty solid day. 2.76 2.76 I'm all over the place. Um, it's a huge stay for the Bulls So congratulations Very happy that we're able to break above the moving average on that one hour time frame.

I Talked about this in yesterday's video I was talking about a swing trade I was choosing to enter. The only thing the only concern I'm bringing up is the 270 resistance level, right? We've been rejected here before. We tested it today and we got rejected I Don't know if you guys were aware of that. We brought it up.

If you're part of our learn plan profit group that resistance right around 270. It's been a resistance before and it was an old support level, right? So old support levels become new resistance levels on the way up and vice versa. If you're on the way down, old resistance levels become new support level. So right now we're showing that as a resistance.

only time will tell what I'm looking for is, even if next week, right? Even if the market does sell off a little bit, as long as we hold above that moving average, that is progress. Remember, the market will always eventually pull back. It's not the pullbacks that I'm scared of, right? or concerned of. Um, it's if it actually begins to break support.

So if it does begin to pull on back, as long as it shows signs of higher lows, right? If you're a little bit more well-versed in the market, you know exactly what that means, right? So it pulls back, but not as low as it did before. That could be a step in the right direction where it could form that higher low and then break that resistance at 270.. So I'm very excited to follow up by next week. This is huge progress for the overall NASDAQ market and it should be a pretty interesting week.

If I'm not mistaken. Um, next week, let me double check I'll I'll confirm here. Yeah, why is that next week? January 12th? That has to be next week. Yeah, well.

it's six days from now 100, so mid that might be Wednesday of next week. January 12th is the next CPI data report the next inflation report one hour before the market opened. so you better be ready for that right next week. If I'm not mistaken.

uh, Tuesday or Wednesday of next week, uh CPI data report. It should be fun. It should be interesting. Um, and I will be live streaming it here on my YouTube channel so all you literally have to do is drop a thumbs up, Subscribe to the channel and turn on your post notifications so uh YouTube can alert you when it is that I Go Live! Um Also, we had a lot of people ask about my aluminum art that I have right behind me.

Uh, for those that are unaware of where you can actually get this aluminum art. so I have it in my trading setup if you like it. we do have it available. it's the fourth Link in the description down below.

It's our day trader periodic element so you guys can go ahead and check it out. it's at Shoptechbeds.com We have a few left in stock and again, if you like the brushed aluminum it comes with the push-ups and everything I just uploaded a reel on Instagram for uh Tech but apparel showing you how you could install it in literally just like five minutes. So it's super simple. So I really do appreciate you guys time, hope and wish you guys an amazing weekend.

Congratulations to all of the Bulls Hopefully most of you guys locked in profits and I'm excited for the chat challenges that are set to you know, present themselves uh next week so if you have any questions you guys know how to reach out to me. that's that first link in the description and also I Do trade live every day just like you heard me talk about them, it's my learn plan Profit Group I offer nothing else if you want to work with me on a closer basis if you want my assistance. If you want access to our A2Z video, Lesson Library that's designed for complete beginners, especially if you want access to being able to watch me trade live every single day. I Don't just post my profit again my losses.

You get to see how and what led to that successful or bad trade in real time and again asking yourself for 2023, what's your goal? Do you think that it would be a value for you to be able to watch me trade live every single day that you want to Monday through Friday right at Market Open. That's when we host our private live streams and again that is exclusive for our Lpp team so if you want to learn more about that I would encourage you to click that second link. uh in the description it's our biggest sell to 150 off into one-time payment lifetime access and if you sign up I can see you at Market Open for our live trading session as soon as Monday Like always, let's make sure that win the year and we know. Take it easy team.

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