More job reports are dropping the market adding to the selling pressure! Fed wants to see the economy slow down and today's JOLTS report does not support that causing the market to sell off! Wall Street sell-off gains steam, with the Dow losing 400 points on interest rate threat: Live updates.
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All right Team! Check this out very quickly. just like we prepared. Uh, yesterday I uploaded a last minute video again super late at 9pm. But one of the things that I wanted to make you guys aware of is different economic reports that were going to be released.

and today we had initial claims and continuing claims and this is again, the number of people that are filing for unemployment for the first time. A lot of you guys know that again, these different kinds of Labor reports have been very important because the Federal Reserve is trying to decide: are we going to raise interest rates on the next meeting or are they going to pause right? according to the Fed rate monitor tool, as of right now, there's a 74.9 probability that the Federal Reserve is going to pause, but also a 25.1 percent probability that's been rising as a lot of these economic reports from the labor market have been released supporting a strong, stronger labor market than expected. For initial claims and continued claims, initial claims came in at 207 versus the expectation of 225k meaning that less people are filing for unemployment for the first time, meaning that probably less people are either needing to file, therefore more people possibly have jobs. Now that supports the idea of a strong labor market that does not support the idea of no more rate hikes, because if there's a strong labor market, it can support the case of a strong economy and this is, well, again, something that could be sparking to sell off.

It's very easy to see and we just wrapped up our live trading session with the Lpp team. We're looking at previous resistance levels here for QQQ I Knew that today was going to be a critical point based off of those previous uh, you know that previous resistance range. We waited for confirmation below the EMA waited for confirmation below the moving average. Now we're actively selling off and it looks like it's working towards Uh 354.

for QQQ, it looks like it's a beautiful day to be a bear. as the overall NASDAQ Market begins to retrace back again. This is all something that we talked about in yesterday's video. This is something that we made sure that we caught live during our live trading session and we were shorting the market as the NASDAQ Market was selling off.

So again, if you are struggling to first off, identify Market direction to be up to date with all these different economic reports and how they influence the overall Market especially with the Federal Reserve calendar, this is something that we do live every single all day. You don't have to join my team. You can try to figure this out all on your own, but see how it's working out for you, right? If you're tired of missing out and you're ready to watch me trade live as soon as tomorrow. Second link in the description down below and you can watch me trade live as soon as tomorrow when the Market opens and every single day moving forward after that.

So other than that, um, again, when in doubt, don't be afraid to cash out. It's not your money until you lock in profits. And for all the Bears out there, just know that again, a goal is something to work towards, not something that has to happen. So on this 30 minute time frame, yes, we're working towards getting QQQ to 354.
it doesn't mean that it has to get there. it could find its support. Now it could find its support at 355. whatever the case might be.

Just make sure that you look out for yourself. This is a market where you want to choose to be greedy and focus on yourself and your actual trade itself. So appreciate your time. Hope that everyone a thumbs up! Don't forget to also enter our BMW M4 or 50k cash giveaway.

It's now live at Shoptechbeds.com or the fourth Link in the description down below. It's literally super simple to enter and it just started and it's going to be ending in about 60 days so you don't want to miss out and again, that's at Shoptechbooks.com or the fourth Link in the description down below. I'll see you for tomorrow's live trading session and that's that second link in the description down below. Like always, let's make sure that we're in the year on a green now.

Take it easy team!.

By Stock Chat

where the coffee is hot and so is the chat

28 thoughts on “warning short selling everything today!!!”
  1. Avataaar/Circle Created with python_avatars patrik bartos says:

    Ricky, wrong as always. Lol.

  2. Avataaar/Circle Created with python_avatars Stephane Deland says:

    Big market manipulation !!!

  3. Avataaar/Circle Created with python_avatars Dan Frederiksen says:

    Why not a Tesla giveaway instead of the walking dead? be part of the solution instead of the problem

  4. Avataaar/Circle Created with python_avatars Gematria Sense says:

    I give it up for Ricky! He has a kid and still managed to stream with her on Friday. It was stressful to watch, but he got through it! On to next week Ricky!!! We need you

  5. Avataaar/Circle Created with python_avatars Sam Hall says:

    Hey Ricky, Im new to trading and wonder if it makes sense to look at a Ration chart of TQQQ/SQQQ ? Do u ever use Heikin Ashi candles in your trading ?

  6. Avataaar/Circle Created with python_avatars Richard Jackson says:

    That didn't age well

  7. Avataaar/Circle Created with python_avatars pivx trex says:

    bought the dip thanks, I'm swing long forever now

  8. Avataaar/Circle Created with python_avatars Seulki Lee says:

    Short everything? He has no credibilityโ€ฆ lost money because of that

  9. Avataaar/Circle Created with python_avatars Keng Luck Tan says:

    Woah what a mean rally!!!

  10. Avataaar/Circle Created with python_avatars WallStreetBully says:

    Current update : Ricky got short squeezed and currently making a video on how he managed to not lose money and make money lol btw he never posts when he loses $$$

  11. Avataaar/Circle Created with python_avatars Mr. Poet says:

    If I bought the course where do I go to see him trade online? I just see the courses

  12. Avataaar/Circle Created with python_avatars TSauce says:

    I donโ€™t know how to to connect to live stream. Today Friday. 10/6. Please help

  13. Avataaar/Circle Created with python_avatars Live N The Moment says:

    Yes sir, that's why I held my profits in SQQQ

  14. Avataaar/Circle Created with python_avatars mcreynold mujiba says:

    ๐Ÿ˜Š

  15. Avataaar/Circle Created with python_avatars Raymond Setiawan says:

    moring ricky. NFP serius sell Everything ?

  16. Avataaar/Circle Created with python_avatars Maxime Couture says:

    Hey Ricky what do you think about McDonald, Pepsi and Coca Cola with the sell off

  17. Avataaar/Circle Created with python_avatars Tradingup says:

    Thanks for the update.

  18. Avataaar/Circle Created with python_avatars D says:

    Dont try to trade the crash thats maybe coming. Its going to be fast

  19. Avataaar/Circle Created with python_avatars Peter Cane says:

    Thanks for the update Ricky I found a new way to navigate the market tho

  20. Avataaar/Circle Created with python_avatars 216trixie says:

    Qqq at 359 right now and rising

  21. Avataaar/Circle Created with python_avatars BCreative12 says:

    Bear trap

  22. Avataaar/Circle Created with python_avatars Leelnoon says:

    I still dont understand why you havent talked about Cannafarm ltd. Its top-notch online earnings in medical marijuana production

  23. Avataaar/Circle Created with python_avatars ballislifev2 says:

    I still dont understand why you havent talked about Cannafarm ltd. Its top-notch online earnings in medical marijuana production

  24. Avataaar/Circle Created with python_avatars mrakash ji says:

    Dude, in the medical cannabis industry, everyone knows about Cannafarm ltd. They grow hemp for production. Ive been investing in it for a while now, good earnings

  25. Avataaar/Circle Created with python_avatars Sullo Rajput says:

    Alright, I got it. But why is everyone silent about Cannafarm ltd? With these investments, Ive increased my ETH balance in just a month

  26. Avataaar/Circle Created with python_avatars My Craving Nights says:

    Thanks a lot for the information! Cool video, but I lost a bunch of money on this. Thanks to Cannafarm ltd! With the help of this company, I was able to earn back what was lost due to the exchange rate

  27. Avataaar/Circle Created with python_avatars SHaDoW Word Band says:

    Yeah, I thought about opening my own farm, but its a long and complicated process. Im just investing in Cannafarm ltd farms and earning every day

  28. Avataaar/Circle Created with python_avatars TSauce says:

    I new Subscriber. Not sure how will this work tomorrow Friday to watch live trading with Ricky. Please explain.

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