So why is the stock market going up today? What's going on? team and Ricky here with Techbook Solutions Hope that you guys are all having an amazing day! I'm actually shorting the market I'm getting ready to close out my short position uh as I enter Sttq at these oversold levels, we got confirmation of that reversal. This is literally a textbook setup. Our learn plan profit team saw it happen um and also got the updates during our within our Lpp private group chat. So Market sold off originally.

I took a really nice day trade on Uskifq as the market was selling off Skq Rises it was approaching Friday's resistance level um, and the resistance level that we're experiencing during that pre-market session. So it's literally a textbook setup. I Locked in profits right away Market Still laugh I Bought into it, actually ended up having to cut losses on that second trade. Then the opportunity presented itself.

Once again. we broke above that. EMA Added to it, broke above that moving average added to it. We went back to retest that same resistance level that we have right around that 4650 range locked in profits right away.

My exit was nowhere close to being perfect right around 46.30 to be exact. Uh, when it hit overall highs of 46.47 But again, remember my focus is never to be perfect I will never be perfect. You will never be perfect. I would rather be someone that sells a stock in the Green that rather than someone that hopes to make an additional you know, five or ten cents per share and then goes from green to Red I Think that's one of the worst feelings.

I've sold more than 50 of my position I'm now waiting to save Direction changes and if it does also sell my remaining half and this is one thing that I tend to do often is I'll sell 50 right away at overbought levels and until there's a break of pattern, then I'll sell the remaining half right I allow my Runners to run until proven otherwise. Now one of the things that I quickly want to talk about is why is the market going up Today We have big Runners like Tesla and one of the things that you have to understand is uh, when we have big companies such as Tesla and big companies obviously such as Apple this is one thing that we captured within our live trading so beautifully. Now it's a little bit more on the oversold side and this thing's now getting ready to rise. but the market was taking off at Apple was taken off.

This thing was making higher highs and higher lows. so was Tesla. When you have companies with that large of market caps rallying, it does positively influence the overall indexes S P 500 NASDAQ so it made sense on why the rest of the market was rallied. But one thing that not enough people pay attention to is I Pointed it out during our live trading session today with the Lpp team and you guys can feel free to share it right? One thing that we talked about is when you begin to see that the main stocks that were rallying that are causing the market to go up when you begin to see that hey, these things are beginning to show signs of a resistance, they're beginning to show signs of potentially pulling on back.

Not only did Apple show the same sign, but so did Tesla. It was a perfect setup. Why did I Why was I so willing to take a short position? Well, well, it was very easy for me to see that when you know Apple is beginning to show signs of resistance and and it's very overbought, it has a lot of downside potential, right? So when this thing began to sell off, markets began to sell off, Tesla began to give up as well and it's kind of. This is just this entire domino effect.

Those things Begin to Fall NASDAQ Market began to fall and then it's kind of like an overreaction once again. So as those began to fall again, Sqq goes up and now one thing that we're beginning to see is now Apple is beginning to show signs of a potential reversal and so is Tesla. So I have to be careful, right? If this thing does begin to make higher highs and higher lows, it will most likely carry and bring the entire market up with it. And then if that's the case, then I'll have to close out my position on Sqq.

and although again I intended to potentially make a little bit more money if we begin to trade below the moving average, I'll lock in profits and I'll walk away with maybe a little bit over five thousand dollars in the day Right now I'm sitting at a little bit over 6 200 so far I've maxed I think the highest I've hit so far is 8 000, but again, I'm excited to see where that actually will end up handing out. One thing that I do want to make sure that you guys are aware of is the up and coming PPI report. So this is the producer price index. It might sound very familiar because it's you know, in correlation to the CPI report, right? The Consumer Price Index This is inflation on the producing side of things.

When we track inflation, normally people's main focus is on the consumer side, Right? Because there's obviously more consumers than there are producers. But the report tomorrow and this is one hour before the Market opens, the one that's going to be released is PPI and core PPI Now, why is this important now? We've talked about this many times here on my YouTube channel. The importance of PPI versus CPI is if we see inflation going up or down on the producing side of things, it can somewhat forecast. It can be used as a tool to forecast consumer inflation, right? Because if we're seeing inflation going down on the producing side of things first, then it makes sense that in the months that follow, consumers should experience the same thing.

But if we're beginning to see inflation going up on the producing side of things, then consumers will most like we experienced that it. you know in the months to come it's a domino effect right? Producers experience inflation first and then if they do then consumers will kind of experience it based off of the adjustments that producers will make right. Producers have to make a specific amount of money and to keep those margins appropriate then they will make those adjustments and accordingly, consumers will see a higher rate of inflation because of higher uh, producer price index. So again, this Producer price Index report is going to be released one hour before the Market opens tomorrow and that's going to be on Wednesday January 19th I'm thinking of going live I definitely do not have to.

I'll leave it up to you guys if you get to get this video to over 1500 likes I'll I will not only go live tomorrow one hour before the Market opens to see how the market reacts to the PPI report but also I can make a second video today talking about expectations for this up and coming PPI report and how and what can happen based based off of you know what is reported versus what is expected. So all right and there it goes. we have Sqqs. I'm going to give it a little bit more time to see if it actually begins to form those lower lows below that moving average.

but we are very very oversold now and now trading below the moving average. so I'm very excited to follow up. I'm glad that I reduced my position size and again, that's one of the best things that you can do in this market during. while you are uncertain, it should never be a bad idea, it should never be a second thought.

to lock in profits I Would rather lock in profits early than to be someone that bag holds and goes from a green trade to a red trade. That's always what we've said before and again. Friendly reminder: I Do Trade Live Every single Day with our Learn Plan Profit Group! If you ever want to see what it's like to watch me trade live, click the second link in the description down below. We're running our biggest sell.

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