US stocks were lower Wednesday morning as investors kept a watchful eye on the prospects for the debt-limit deal in an expected House floor vote later.
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So today is the day. What's going on Teammates: Ricky Attack the solutions I'm going to start sharing my stream so you guys can see exactly what it is that I'm looking at NASDAQ Market slightly in the red. We gapped up a little bit, then sold off during today's live trading session. I did a beautiful job catching the reversal on this sell-off on NASDAQ that we jumped into Skq, waited for that confirmation to add more to it.
added more as we broke above the moving average and then as we approached previous resistance levels, we locked in profits. Now we're showing signs of a potential support at the moving average. we'll see if we hold above I Already sold my position. but one thing that I want to share with you guys is the US Stocks were lower Wednesday morning which is today as investors keep a watchful eye on the prospects for the debt limit deal in an expected house for vote later today.
Meanwhile, China's economic Woos pressured Global markets. Today is the day when the house is supposed to vote to actually pass this deal that was arranged by Biden and McCarthy For those that are unaware, right? that agreement, that deal isn't finalized. They had to vote on it yesterday and let me break this down for you. So the debtsland agreement negotiated by President Joe Biden and house Speaker Kevin McCarthy pass is first key.
Uh, first key test on Tuesday which was yesterday when it gained approval from the Republican-led House Rule Committee despite the opposition from the hardliners that cleared the way for the deal to go. Uh, before the house on Wednesday So today the house is supposed to pass it. the clock is ticking down as Congress must race to pass the deal to a vote to avoid a catastrophic default by June 5th literally in just five days, that so-called X day is when the U.S will run out of money to pay its bills. Treasury Secretary Janet Yellen was warned.
so again today. I I Hope that my second video today right? That's my first one. This is to make you aware that they're supposed to vote on it and then as soon as that is either passed or or decline, what do you think is going to happen to the market? Well, I don't know I Don't know if the Market's going to be bullish or bearish once whatever news is announced. All I know is that the market will react in my opinion, right? What do I like to do in advance? Well, it's why I was so eager to lock in profits on Skeq.
Remember, our job is not to predict the future. Our job is to prepare for it and often preparing just means waiting for the reaction so that we can react right. Keeping things simple, if you enter a position today, just know that the market can quickly shift at a moment's notice right as soon as this Muse is released. Will you have time with all the trading Bots and all the algorithms that are put in place to either Drive the market up or to drive the market Down based off of what is actually announced I'm going to make sure that I keep you guys up to date but I Wanted to make sure that I made this video letting you guys all know that what is going to happen today, if it actually happens today, the market will react no question about it. Will it be good? Will it be bad? Well, that's based off of what is reported I'm just letting you know in advance so you can do something in in preparation for that potential either change of direction or a potential rally right? We don't know. our job is not to predict. Our job is to prepare I just wanted you to be aware so you can best prepare however you see fit. So again, we just wrapped up our live trading session.
It's up to you guys I am hosting a free live session this Friday and this is going to be the less than 5 final for those that are unaware. again on June 2nd which is this: Friday our free live trading session I'm going to be giving away another one thousand dollars. If you haven't saved your spot, it's going to be the first link in the description down below. If you have any questions even before saving your free spot, send me a direct message via Discord or Instagram and those are all Linked In The description from the reminder: I Do Trade Live every single morning And if you want to watch me trade live as soon as tomorrow, we're running our biggest sell, it's a one-time payment lifetime access 175 off and of course 20 000 entries for the GTR giveaway.
There's literally only four days left for the GTR giveaway. If you haven't entered again, this is just the cherry on top to get entered and also get the biggest discount so you can watch me trade live as soon as tomorrow. I Appreciate your time, hope that we're a thumbs up if you have any questions about this. I'm always just one message away.
Feel free to comment down below. And like always, let's make sure that we're in the year on our Green Dot Take it easy team.
Biden, FETTERMAN, 2024
ITS A NO BRAINER!
On a brighter note, every recession comes with an equal chance in the fin-mrkt if you're early informed and equipped, I've read folks amass up to 7 figuresΒ during these times, and even pull it off easily in a favorable economy. Truthfully, Iβd need guide please for a boomer like me to attain such amount for retirement, we definitely need to benefit from this situation somehow.
Iβve heard people say a deal is bad for tech as it will lead to a stronger dollar as ppl buy dollars to buy the new debt they issue and strong dollar is bad for techs foreign income..sounds like it makes sense to me but why is this not reflected in the market? Or maybe itβs a delayed reaction what do you think?
What that mean
The debt ceiling crisis historically has always been resolved….I don't know what is all the drama with it
Why aren't you talking about investing in Wixpool when even individuals from various backgrounds are doing it?
The market wonβt do anything. It still has to be passed by the senate.
Looking forward to joining LPP soon, Great info
House will vote "deal" down. Markets react (aka, crash) tomorrow. You heard it here first!
When you read non-compromised news you will read that BOTH repubs and demos dont like this bill.
Hey Ricky! what US time is the voting news will be out?
$ 4 trillions more debts? US is like in another COVID mode? or Broke?
The deal is a fn joke. All it will do is put us in more debt. Both sides are so fn corrupt and evil. We wouldn't be in this situation if stupid people wouldn't have voted demonratic
What Good man you are Ricky God bless your life and your family always
So the voting is during after hours?
GTR π give me the Ferrari I don't want Datsun
WHEN? IN HOW MANY HOURS?
Thanks Ricky!
First
Why the dramatic headlines?
Voting 8.30PM
Pypl shot up 2% then dropped 3%… wtf is happening out there?
Here we go π
Thank you so much Ricky π
I want that GTR tho π