Inflation Cpi data report is this thursday and the stock market is preparing for it! Stock Market Today: Dow Futures Fall Amid Dealmaking Flurry
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So why are markets dropping what's going on? Team? It's Ricky with teut Solutions here on Tuesday January 9th. Giving you guys a quick pre-market update, let me go ahead and start sharing my screen. The NASDAQ Market is down 77% giving back partially of what it gained yesterday after a really strong rally. Uh, when it comes down to the economic report, the trade Balance report that was released 1 hour before the market opened came in at 63.2 billion which is a little bit less than what would the what was the expectation of 64.7 billion.

Also, the small business Optimism report came in at 91.9 when the previous or prior came in at 90.6 Now again, I Wanted to point out some things that were highlighted in the Wall Street Journal Uh, so this week there is a flurry of mergers. It says Juniper Network Sur stock surged uh on Tuesday after this report came out. uh in closing of a$1 13 billion takeover. Uh, One thing that is also really important to note is we were talking about this yesterday during our live trading session and it's Boeing stock.

A lot of you guys must have heard that the catastrophe uh of the 737 Max 9 flight. Uh, if you guys haven't seen this, Uh, there was an unfortunate um incident that happened over the week where a Boeing plane was involved and um, it caught fire right? I think it was in Japan Correct me if I'm wrong, but this caused Boeing stock to sell off and it looks like it's kind of flattening out, right? So it sold off 8% yesterday. It's kind of holding its ground now, right? It's very unfortunate news, but the question you have to ask yourself again, all emotions aside, is is this the end of Boeing or is this just an overreaction on the downside that it will recover from, right? Because when looking at this, if something drops 8 or 10% that's potential for Recovery If this isn't detrimental to the company and it ends up returning to its previous Direction and that was extremely bullish, right? We could see from current lows to previous highs, which again, it can continue to sell off. but I think it's just an important thing to talk about is if it does recover uh to previous highs that it was just at about two weeks ago, it offers a 17.3% return.

I Know that I've added uh Boeing stock to my watch list Now, not because I need to buy it now, but if it does begin to indicate signs of an uptrend, then I would love to entertain the idea of a potential swing trade If my criteria is met and there. I Go setting my secondary alert if it breaks above the EMA right? Just because it sells off, or just because it dips doesn't mean that that makes it a good stock to buy. it's is it indicating signs of recovery? And that's the question that I'm asking myself. So it says uh, futures of the S&P 500 and the NASDAQ 100 Um, all Edge down.

Uh, this might be because of the economic reports that were released that might have just furthered that selloff for the overall NASDAQ market. So if we look at QQQ again, looking at this on the one minute time frame, we are seeing a lot of selling pressure right when those economic reports came out. Uh, that should have been at 830 for that trade balance report. Uh, we saw even a little bit more of a sell-off.
Now we're beginning to show signs of a support. The thing that I want to remind you is on this 4H hour time frame, we are testing the EMA So again, are we going to sell off and get that confirmation or are we going to hold here and begin to bounce back? We are at a critical range where the next few days will really determine. Are we going to begin to Rally or sell off? because on Thursday we have the CPI data report also known as the inflation report and that will determine right if we see a rate cut sooner than later. If this inflation report comes in much higher than what C what was expected, then there should be no reason on why we could justify a rate cut earlier within 2024.

But if this inflation report comes in way better than what is expected, then yes, the Federal Reserve can most likely justify a rate cut sooner than later. Again, something very interesting to follow up with. So it also highlighted a couple other things where oil prices gain nearly 2% yields on the Uh 10year treasury note. um held broadly steady, so again, not much movement there.

But the big thing is that earning season is kicking off this week with the JP Morgan, Chase and Bank of America set to report earnings on Friday Which means next week we should have a few tech companies reporting earnings as well as US inflation report. just like we said on Thursday and on Friday for the CPI data report and the PPI data report. So I'm getting ready to go live with my Lppp team for our live trading session. This is where they get to get an inside look and see every entry, every exit, every trade good and bad that I take during this live session.

I Do it for about 30 minutes to an hour, sometimes even an hour and a half every morning. right at Market Open. So if you're an absolute beginner and you want to tune on in, it's the second link in the description down below and I'll see you right at Market Open because that's exactly when it is that. I Go Live! I Hope that it ear a thumbs up.

Please consider subscribing and like always, let's make sure that we end the year on Green Now Take Care Team!.

By Stock Chat

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25 thoughts on “urgent why is stock market dropping today?”
  1. Avataaar/Circle Created with python_avatars @xel... says:

    I got to ask a question for anyone in the comments what do yall think the threat of ai in the short run or benifits

  2. Avataaar/Circle Created with python_avatars @j.n-turner says:

    It didn't catch fire. It's door blew off. Alaska air flight 1282. Plane landed fine in Portland, not Japan. You're thinking of Japan airlines after it collided with another plane.

  3. Avataaar/Circle Created with python_avatars @salom3665 says:

    Boing dropped coz malfunctions were found in their 737 Max, with one planeโ€™s door falling off during take off. Incident in Japan was due to lights malfunction in runway

  4. Avataaar/Circle Created with python_avatars @freestylefranc2653 says:

    Come on cheerleader Ricky, enough with the clickbait titles. How old are you?

  5. Avataaar/Circle Created with python_avatars @___ace___ says:

    Boeing dropped because of the 737 MAX planes being grounded after the Alaska jet window blew out in flight.

  6. Avataaar/Circle Created with python_avatars @whitechocolate415 says:

    Ricky, thatโ€™s not what effected Boeing stock what so ever. Itโ€™s bec a side of a Boeing plane opened up while taking off nearly sucking passengers out of the hole. The hole was a patch over where emergency exits can be installed, but werenโ€™t in this model.

  7. Avataaar/Circle Created with python_avatars @Matt_808_ says:

    Over the weekend Boeing had an incident in the US where part of plane broke off during a flight. The video was on social media.

  8. Avataaar/Circle Created with python_avatars @BennyHendrixx says:

    Dropping ? ๐Ÿ˜…

  9. Avataaar/Circle Created with python_avatars @aaddsssdsdsdaaa says:

    Key word โ€œpre-marketโ€ guys, nq is up today

  10. Avataaar/Circle Created with python_avatars @ElJefe360 says:

    The Market is not dropping.. Don't be a liar Mocoso. Everything is in green

  11. Avataaar/Circle Created with python_avatars @LizardMan420 says:

    Glad to see the market dropping more today . We are still extremely overbought IMO and it's nice to see these healthy pullbacks. Yesterdays push higher felt a bit out of place even with the BA incident which barely even make a dent on the overall market ! <Extremely bullish signal . Although we ran way to much in December, with a positive CPI report on Thursday we just might see new all time new highs! Big banks reporting on Friday really makes things interesting as well. Crazy week on Wall Street good times !

  12. Avataaar/Circle Created with python_avatars @Neslin75 says:

    I donโ€™t ever fly Boeing anymore if I can avoid it and def. Not the Boeing max 737 they use parts from all over and they never fit right and they have to redrill holes. While airbus does a much better job with their parts, accuracy, and safety and retaining senior staff.

  13. Avataaar/Circle Created with python_avatars @Manjari-Naina76623 says:

    I saw it too, bought some the other day and it arrived in my account the same day. Now waiting for the listing day.

  14. Avataaar/Circle Created with python_avatars @Vaishnodevi-Rangana6862 says:

    Damn, I bought this Roccat token, everyones talking about it everywhere. If it even hits $1 in a year, youll see, Ill be a millionaire.

  15. Avataaar/Circle Created with python_avatars @Padmaja-Rasna4257 says:

    Bro, in Roccat token, you get your tokens in your account within 24 hours.

  16. Avataaar/Circle Created with python_avatars @funny_nikky1537 says:

    Not dropping at all. Bears ripped today๐Ÿ˜Ž

  17. Avataaar/Circle Created with python_avatars @jake3028 says:

    $ATAI ๐Ÿ„ ๐Ÿธ ๐Ÿ“ˆ ๐ŸŽ‰

  18. Avataaar/Circle Created with python_avatars @jjjyli686 says:

    Boeing too big to drop to the floor. They will hide info and stock will recover. Personally Iโ€™m adding money here at $225. Took a short position at $263 and made money on the drop

  19. Avataaar/Circle Created with python_avatars @DaftPunkHero2 says:

    What about inpx merger?

  20. Avataaar/Circle Created with python_avatars @nimaahmadi8547 says:

    It just recovered LOL

  21. Avataaar/Circle Created with python_avatars @leeinthesprings says:

    That consumer credit number though…

  22. Avataaar/Circle Created with python_avatars @nitrosrt4 says:

    the japan crash was an airbus and DHC, this news is from the door flying off.

  23. Avataaar/Circle Created with python_avatars @gilbertlopez2708 says:

    It was emergency door blown out in Alaska airline aircraft

  24. Avataaar/Circle Created with python_avatars @TheLateral18 says:

    those news last night werent good
    the inflation has to come in higher

  25. Avataaar/Circle Created with python_avatars @blakeaaron5698 says:

    Boeing was below $180 as recently as late October 27th – it can pull back much further depending on findings.

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