So a super quick market Update: Why is the stock market dropping what's going on guys? It's Ricky here with Techbook Solutions I Hope that you learned something new and if you do, please consider dropping a thumbs up and subscribing if you feel like we aren't at NASDAQ Market was showing a lot of signs of consolidation. If we look at the five minute time frame, it's very easy to see that we have had a previous resistance range for the past two to three days. right around 384 385. We've been struggling to surpass that resistance and now finally again, taking a step back.

We just talked about this during our live trading session with the Lpp team. It looks like the Market's finally getting rejected by this resistance Zone and working its way back down to it to its previous support. Zone At around 375 376, that's what it looks like. Obviously, it could bounce on the moving average.

It doesn't have to fully sell off, but we're taking it step by step. It looks like based off of previous patterns, a previous resistance zone is right around 380 and it looks like that's currently where it's testing its support level. So looking at it again a little bit closer, we're forming lower highs and lower lows. When looking at the one minute time frame again, it's going to be very interesting to see if we continue the selling pressure into the later hours of this market.

Now, there were a series of economic reports that were released today that all came in lower than expected. Uh, ISM Manufacturing Index Came in at 46.4 with the expectation of 46.8 We got construction spending coming in at 0.5 percent of an increase when the expectation was 0.6 percent of an increase. And then for Jolts, which is job openings, the biggest one that we're paying attention to came in at 9.58 million versus the prior month of 9.616 million. So again, nothing crazy and I mean being completely honest.

When these reports actually came out, there wasn't much of movement with the overall. Market I mean if anything, we initially gapped up and then we sold off and I I Really hope that it's not like it was yesterday. and if you know what I mean uh, by the market being super super choppy and not choosing a direction I Don't care if today is super bullish I Don't care if today is super bearish I Just really hope it chooses a side so we can make money because we all know that as long as direction is clear, there's always money to be made if direction is unclear. Then again, conditions become more risky and again less favorable for someone that's just getting started.

So very excited to follow up. Just want to make sure that you guys are aware of the different economic reports that were just released and as well as we have before Market open, Norwegian Cruise Line and Uber that reported earnings before Market opens and everything else you see here and then after the market closes such as AMD and Starbucks Pinterest all is reporting and earnings I Was thinking of live streaming Uber's uh, earning reports I'm sorry, uh, Amd's earning reports. We definitely don't have to. but I know a lot of people are paying attention to AMD especially it being someone consider are to be a big tech company.

As of right now, everything else is kind of forming lower lows and lower highs. If you guys kind of see that right, it's they're all red on the day and showing a lot of signs of consolidation. Amazon leading by example of lower highs and lower lows. The only one that was bullish was Apple But now Apple is selling off and if Apple continues to sell off, it'll most likely drag the most uh, the rest of the market with it.

but again, AMD Reporting earnings after the market closes today I'm thinking of live streaming it I'll leave it up to you guys if enough people ask in the comment section. uh, we can go ahead and host it so I Appreciate your time. Hope that weren't a thumbs up again. We did trade live this morning as we do every single day.

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