Something important to talk about. As of right now, there is still no deal that has been presented when it comes down to raising the U.S debt selling what's going on Team: It's Ricky with Techbook Solutions here with a super quick stock market update Overall: NASDAQ Market dropped 1.27 and this is following the news that again McCarthy leading the Republican party and then obviously the the meeting that they had with President Biden you know, kind of representing the Democratic party what is going on and why have we not reached a deal right? The deadline is supposedly June 1st we need to raise this U.S debt limit both sides Democrat and Republican uh Republicans have said the US defaulting is not an option. The stock market could crash 45 percent. The usually uh, the U.S treasury bonds uh will become much less valuable and the U.S will just be viewed as really, um, just not prepared right With everything that's going on, why have we not come to a decision? So I learned a little bit more about this I Thought that I would share it with you guys again Market did drop today.

Nothing too significant if you guys literally watched today's previous video. my video that I uploaded right before this I literally show the NASDAQ market and I talk about my goal and my intention right? My intention was to see the NASDAQ market sell off and touch the moving average and I gave the examples of the previous times that we have found support at the moving average before and today played out exactly according to plan and I even played it a little bit safe I decided to Block in profits early and I walked away I walked away with 14k. So I closed out my position just so you guys could see. I left myself with my one lucky share and that is all.

I'm excited to follow up tomorrow and see if we get a little bit closer to a decision, but it doesn't look like we're there. And let me explain why I want to share both sides with you right? Because a lot of you guys might try uh, might be hearing this first part and be thinking oh, he's very one-sided but I want to talk about both sets right? So what is going on and why is it taking so long? So the US needs to raise its debt ceiling because the U.S is running out of money. Uh, so therefore, it needs to raise its limit on how much more money it could borrow. Think of it, kind of like a credit limit.

It needs Congress to pass that approval and it needs both Republicans and Democrats part of Congress to pass that approval, right? Normally this wouldn't be that big of an issue, but the Republicans view this as an opportunity to request demands the Republicans want the Democrats to spend less money than what they spent last year and most likely spend less money in areas. One of the examples that they gave is that Republicans turned into turn their intention into vague policy goals cutting spending indeed. McCarthy Force So pretty much like to drastically reduce spending and public. Investments Democrats Don't really like that because again, they think about the middle class or lower class people.

that's normally what Democrats are known to kind of look after and then Republicans Obviously they're being a little bit more conservative. This one was actually quite surprising to me. but I wanted to share both the sides with you. Uh, in fact, according to multiple reports from different news organizations as a part of the behind closed-door budget talks with Democratic leaders Republicans are actually demanding more defense spending, not less despite the fact that military spending has already reached extraordinary levels, right? So they're asking for to spend less in specific areas that's more for the the general public.

but then they want to increase spending in specific areas such as military where there's already a lot of money being spent. I'm not here to disagree or I really don't care what you think, right? You guys shouldn't care what I think I'm not here to convince you I want to share both sides, right? There's obviously demands that you know? sure. I agree with I Think that we should spend less money, especially when you see that the US is 37 trillion dollars in debt, right? But and then I see this thing. Well, we want to spend more money for military I mean I get it right in the sense that obviously there's a lot of tensions going on with China and Russia potential War right? But I mean where do we draw that fine line? Where do we settle right? Because obviously the the Democrats are only going to want to give so much and this is what President Biden has said before that he does not want to meet any demands that the Republican party is requested and I get it from their part as well, right? I just wanted to share it with you.

All we're waiting for is for them to come up with a solution based off of how the Market's been reacting again. I Don't know. but based off of how the Market's been reacting once they do come to a solution, the market has been indicating signs of an uptrend leading up to that debt ceiling deadline, right? So hopefully it continues. and that means that the market could go up if they actually come up with a solution that's favorable.

But if they default, obviously bad news. But we'll see, even if they do come up with a solution, will that cause the market to go up? We would think so based off of the market has been going up due to this, you know, potential solution being met. but again, you never know at this market. So I'm not here to say oh yeah, 100 it's going to go up once they do come up with a decision and then watch the market absolutely tank after they do, right? So nonetheless, anytime that you're unaware of which way the Market's going to go.

One of my favorite things to do is to stay cash. It's something that I'm trying to get a little bit better. with that becoming more comfortable. Uh, with not being so influenced by Fomo, right? I often find myself always wanting to re-enter right? So I sold very early on my TT my SQ position and I had a lot of Fomo right when we surpassed 26 dollars a share and it still was taking off I had a lot of Fomo I really wanted to re-enter but I really just held myself back and I reminded myself that remember, any open position is a position that's open to risk.

Uh, this was exactly what I wanted. so why not just stay focused and disciplined to my price Target and just wait for the next opportunity to present itself. So if we break below the moving average, we'll see if we re-enter short. if we bounce off of this moving average, then we'll see if we enter a long position nonetheless again tomorrow.

I Will be trading live with the Lpp team tomorrow. There is an Fomc minutes meeting at 2 pm Eastern time and you guys let me know if you want me to live stream it. I Really do appreciate you guys this time. Hope that run a thumbs up if you want to be able to watch me trade live as soon as tomorrow, that's going to be the second link in the description down below.

Just make sure that you tune on in by market. open tomorrow. appreciate your time like always. let's make sure that we're in the year on.

Agree, No. take it easy team.