Okay, so where are we with the market and are we getting ready for a potential sell-off? What's going on guys, It's Ricky Here with Techbook Solutions Here with a super quick stock market Update: I Ended the day at 13 988.71 in the green meaning that as the market sold off, we jumped into asking I Shared all of my updates with my Learn Plan Profit team. Remember my Lpp team is the only team that gets to watch me trade live every day. If you want to learn more about that and you want to watch me trade live as soon as tomorrow, that's the second link in the description down below to learn more. But overall NASDAQ Market sold off I Want to talk about on the technical side of things? what we are testing right now based off previous support levels.

We've bounced here before, but we're at a support range, right? We're oversold enough looking at the RSI looking at the Macd that we could begin to show signs of a support and actually begin to make higher highs. Now again, a lot of that is going to consist based off of what is actually reported in the next couple of days. What do I mean by that? Well, did you know that tomorrow one hour before the Market opens today was CPI Tomorrow is PPI This is producer Price index and then core. PPI This is inflation on the producing set of things.

Not enough people are talking about this. They think that it's all over No. And on top of that, because of what was shared today, that inflation is actually going down, the fight against inflation is kind of over right. It's not that it's completely done, but the Federal Reserve has taken it from 9.1 percent all the way down to five percent.

I mean they're really getting control of it based off of what it looks like. When it comes down to the current concern, it's the recession, right? And what a lot of people are going to be paying attention to is the unemployment rate and as well as the initial claims and continuing claims. Initial claims are the number of people that are filing for unemployment for the first time. Continuing claims are people who continue to file for unemployment.

So what this is going to tell us is, well, if more people file for unemployment, that means that probably more people are being laid off. If less people file for unemployment, then it supports a stronger labor market right? And then on Friday We have a larger list of economic reports that are all going to be released, but if you think that the you know week is over and that it's just going to continue to sell off, I mean again, more than anything we can see quick changes of Direction. This is not a time to be greedy, especially if you know what Friday brings. Friday is a very big day when it comes down to earning reports.

We have the big Banks such as Wells Fargo JP Morgan and also I believe Citibank There's going to be reporting earnings which is going to give us a first inside look on what is actually going on in the banking system after the Silicon Valley bank failure. So very excited to follow up. I Just wanted to provide you with a quick little market update. Yes, we are oversold.

We are testing pretty much this support range on QQQ and we've bounced here many times before, right? We bounced here If I'm not mistaken on Thursday of last week we bounced here earlier this week and it looks like we are testing that same support range and potentially going back to that same resistance range. Remember I want the market to sell off but I'm also not naive. I Know that the market can quickly recover if proper economic reports support that recovery. so please do not over complicate your trading.

Our job is not to predict the future, our job is to prepare for it and during any time of uncertainty. It is our job to mitigate risk. and one of the best ways to manage risk is to manage your position size so not to not put yourself in a position in which you cannot tolerate. So very excited follow up.

Just wanted to do a quick little overall Market recap and of course 13 000 on the day. Very grateful for you know being able to walk away in the green when most of the market was in the red. So if you have any questions, you know exactly how to reach out to me. But again, do not forget if you want to be able to watch me trade live as soon as tomorrow at Market open that's that second link in the description down below.

And do not forget about our GTR giveaway or 50 000 cash. And if you want to learn more about this, that's the fourth Link in the description down below. and today only. There's a promo code Pelosi that you need to add at checkout and that will earn you an additional 250 entries just by using that promo code.

But that does end tonight, so make sure you head on over. fourth link down below: select your favorite items and use promo code Pelosi to earn those extra entries of 250 extra entries. For everyone that uses that promo code. Appreciate your time like always.

Let's make sure that we're in the year on a green up. Take it easy team.