And the market sells off Once again. what's going on team? It's Ricky here with Techbook Solutions Hope that you guys are all having a great start to your Friday It is a Bloody Friday to say the least. We got NASDAQ down over two percent and Tqq down 6.4 Now if you've been shorting the market, we have S Kiki Q that goes up on the NASDAQ Market goes down and that is up 6.4 So uh, very quickly. just so I don't take too much of our guys's time.

Why is the market selling off? We talked about this yesterday again. my job here on YouTube is to make you aware of significant economic reports. and just like I announced in yesterday's video, If you're not subscribed then you would never know we were talking about Pce prices. So Pce prices Again, the overall expectation was 0.4 Not only did it not come in at 0.4 but it actually came in worse than expected at point six percent.

This is the most significant inflation report that was released this week, and what I mean by that is last week if I'm not mistaken or either the week prior we had Pce I'm sorry CPI and PPI inflation reports both come in higher than expected, but they still dropped month over month. When it comes down to this report, this actually came in hotter than expected, supporting the case that inflation is not dropping like it was I don't know if you guys remember one or two weeks ago I Talked about this, making it very clear of why I believe that the NASDAQ Market was overbought and that we should prepare for a pullback. right? We were not showing progress since February 2nd, we were consolidating. The NASDAQ Market was going up for no reason.

Unemployment numbers were going down when the Federal Reserve wanted them to go up. Inflation data was coming in not lower than expected and yet the market was still trying to show signs of an uptrend and again, a lot of people took time to act. We understand what it was that I was saying and now the Market's pulling on back. literally.

I mean go back one or two weeks when I made the video when we were trading at 307 when those inflation reports came out I Made it very clear of you know if those inflation reports continue to come in hotter than expected, just like Pce prices did today, then the retracement down to the moving average is like a given, right? The big concern that a lot of people have right now is two things: because these inflation numbers are coming in hotter than expected. meaning that inflation is not dropping like it was. Remember, we went from 9.1 percent inflation rate to six point I Think we're at 6.3 or 6.4 right now. We were making steady progress in the beginning.

We're no longer doing that. We're not dropping month after month. In the month of January, we did see an increase from December to January and then now we're going to be reporting for the month of February once February is over. Now, the big thing that I would pay attention to is this inflation number comes in higher than expected.

Then you better be ready for the market to drop because right now what's originally factored in is that the Federal Reserve was only going to raise interest rates 0.25 And when I made that video one or two weeks ago because of those inflation numbers coming out I talked about Okay, well if these inflation numbers come out just like Jerome Powell said, who's the head of the federal Reserve They said that they will raise interest rates during their Washington DC conference, that he will raise rates more aggressive than what was expected and during that live stream I live streamed his discussion in Washington DC and right away I was surprised the market didn't sell off because right away I've I viewed his comments on that to pretty much just be an alley. He was just waiting for these inflation numbers to support the case that inflation is not going down like it was and if it's not going down like it was, then the job of the Federal Reserve is to raise rates to slow down the economy and to bring down inflation. And with Pce prices this week with CPI and PPI reports coming in hotter than expected, it is no question that it makes sense on why the Market's pulling on back. No one complains when the market is indicating signs of an uptrend for no reason.

We gapped up from lows of 260 to highs of 3 314 in one month In less than one month. If you actually do the math, this was January 6th and then this was actually February 2nd. So in less than one month we saw huge returns. Tesla went from 100 all the way to over 200 a share.

No One complains. No one asked the question oh, you know, why is it doing this so quickly But just like we said, it's kind of like a slingshot effect where the longer it prolongs a pullback, the harder it will drop. And then now you get a bunch of people complaining. Oh, the Market's rigged.

You know, why Is the market selling off? It's all the Federal Reserve's fault. It's your fault. you were too unaware of. you know, paying attention to the obvious.

This is not rocket science. If you understand these economic reports and how they're released and why they're released and the reaction of the Federal Reserve I don't care about your opinions. You shouldn't care about mine. It's about how the Federal Reserve will interpret this economic data and how that will affect the market.

And it's very clear, right? So if you're asking the question why this inflation data is coming in hotter than expected and the Federal Reserve will be more aggressive than what was expected. And this is why the markets react in the way that it was or is reacting the way that it is is because they're now factoring in a more aggressive interest rate hike. which just simply means if you want to borrow money, it's going to be more expensive. and therefore, if it's more expensive, you're less likely to borrow money Or less people are less likely to borrow money.

Therefore, people will spend less money and hopefully inflation can come back down. That's the domino effect. And if you don't understand that and you continue to feed yourself the same lie over and over again that the Market's rigged and that it's everyone else's fault but yourself, it's your inability to understand when to reduce your position size or to lock in profits when it's super obvious. from February 2nd up until this point which was February you know, 14th or 15th or 16th, we were not showing any signs of progress working, consolidate, and if there's no signs of progress then why do you still have an open position? A lot of people thought that me shorting the market early on was you know that I was a fool.

Well again, now who's laughing Now right now, stock market is down once again. Pulling on back to the moving average doesn't mean that the market has to crash, right? Does it have? Pullbacks are part of the process, but this is just another reminder of ignore all of your opinions about what you think the market should do and understand what it will do, right? There's a big difference between that of it doesn't matter about what position you're in and you know when you're wrong, just accept it and cut it or lock in those profits. And when Market Direction begins to shift and again, the only people that freak out during Market pullbacks are those that did not prepare and I can reassure you there's a bunch of people holding their positions that they bought up here all the way down here and that are just you know, pointing the fingers to the sky because that's that's all they can do and remember. The only thing that you need to worry or focus on is just being a little bit better than those that continue to make the same mistake over and over again.

So it brings me joy to know that we were right, right. The market is finally reacting the way that it should based off of what's being factored in. Also, treasury yields are nearly approaching five percent, so that's one thing that I do want to bring up. So by them approaching nearly five percent, that simply means that it is super attractive to the point where it might begin to take money away from the overall stock market.

Just another reason on why the market really just fueling more of that selling pressure. So what I'm paying attention to right now is if we're going to hold above this moving average, we're approaching a potential support zone right around this moving average. We could find a potential Sports Zone but if we break below this then get ready to get flushed out. Maybe another light down all the way down to 260 to 250..

if we do hold above this, then again, the next resistance is going to be that EMA Once again to see if we can break above it and see if we can form that overall reversal. So it all comes in stages. We're looking to see if we hold above moving average and then if we can break above that. EMA So very excited to follow up.

If you guys have any questions, you guys know exactly how to reach out to me and that's going to be via Discord I Don't want to sugarcoat things I Work with one team and one team only and it's my learn plan profit group. So if you want my time, if you want the ability to be able to watch me trade live every day, and if you want to condense the time that it will take for you to learn how to trade, then I encourage you to take two minutes, click the second link in the description down below. Learn a little bit more about our alarm Time Profit Group and see if it's a good fit for you. If you're ready to join our team, you can watch me trade live as soon as Monday at Market open.

If you have any questions before joining, shoot me a direct message via Discord or via Instagram And that's the first and third link in the description of this video down below. Don't forget I Am you using the Weeble trading application? It is free for everyone in the US and right now they do have a limited time promotion that if you sign up using my link which is the fifth Link in the description down below, you will earn up to 12 free shares just when you deposit one dollar and I earn one free share. and again you can have more than one trillion application. So if you've been thinking about changing, then again, just sign up.

Fifth Link down below: I Appreciate your time like always. Let's make sure that'll be in the year On a green note, take it to your team.