When I mother Mary me speaking words of speaking words of wisdom, my standing in of me speaking words of wisdom let it be speaking of wisdom. All right. Time to reduce the short. All right.

47,000 on the day testing previous support range. If we end up actually breaking below that, then I'll end up covering what's going on guys. it's Ricky here with teut Solutions Um, just been uh, waiting. Uh for this play to play out right? Uh, we talked about this last week.

Um, even last week some people said that that was a little bit early I think the idea was there. Uh, and even last week we went from highs of 486 all the way to lows of 472. Uh, today was just kind of more of the icing on the cake. and it's really just the beginning because if the NASDAQ Market continues to sell off, uh, it's just going to be putting uh, Meta in a really unfortunate position because we also have Tesla selling off Tesla seems to be one of the biggest losers of the day, down 6.7% on the day and dropping.

Uh, so really I feel like I have almost like an ideal setup. Uh, for new lows. If we break below 460, where can Meta go again? this is just my opinion. but from 460 we have that support at 450 5 and then from 455 it's going to be that 450.

From 450, it's going to be that lovely 445 440 all the way working our way back down to that $400 a share. Are we going to get that? Not too sure. I'm just going with the flow right now. Market's a little bit more on the bearish side, obviously Meta, because of one reported earnings becoming very overvalued after announcing that it was going to be uh, reporting, uh, and giving dividends.

That's great, but that changed nothing about the actual, you know, uh, financials of of Meta. If anything, it's just going to cost Meta more money. but obviously it's more attractive to shareholders, which you know. you could see why it gapped up, but it's not like it announced like Nvidia right? Nvidia is a completely different Monster Uh, Nvidia was running up today due to this price analyst that again, it just ends up correcting itself.

They shortlived Catalyst I Think that's the thing that not enough people understand is that um, you know it's great that the market react in a positive way from time to time with these things, but at some point or another, that news is no longer going to be relevant, right? It's not significant enough to kind of carry through the market and then the market ends up correcting itself or that individual stock. Uh, so glad that we reduced our position size here. I reduced to buy about 1,500 shares if this thing begins to run up. Then again, that just means that I have another opportunity to re-enter a short position at a more favorable price.

Uh, this is kind of just kind of chilling today. Um, waiting and watching for the market Market to uh, drop. And if we end up getting that break below, then I'll make sure that I announce it. uh, to our Lpp team.

Uh, who gets all of my trade Update: So again, I Trade Live Every morning they got to see um, my entry and my adding more to my meta short which was very simple and very easy to see. Direction was very favorable. Again, it's kind of just those days that you either work with the market or you don't Uh, and today is just one of those days where I'm dancing with the market. other than dancing against it, right? Friday didn't necessarily feel the same.

It was quite the opposite. Uh, but today things are looking a lot more favorable. a lot more bearish, which is great because I'm shorting. which means I'm making money as this stock sells off and loses value.

We talk about this a little bit more in detail in the Lpp L and library and again I Trade Live every morning, which is the second link in the description down below. So if you want to tune on in tomorrow's live session I Hope to see you there! Uh, we did have a series of economic reports being released uh during today's pre-market session. Nothing too significant. The PMI report came came in at the 52.5 versus the prior 51.4 Market didn't really move too too much during that time.

and then, uh, 1 hour I'm sorry 30 minutes after the market opened, we had the Uh ISM non-manufacturing PMI being released coming in at 53.4 versus the expectation of 52, so a little bit higher than what was expected, but again, nothing too significant. Overall, economic Reports: nothing is said to be released tomorrow. and when it comes down to companies that reported earnings pre-market Caterpillar and McDonald's are the big two and then paler is the one that I'm going be watching after the market closes. So these are all the stocks that are set to report earnings this week.

but again, when it comes down to these Market updates I Would love to keep you guys up to date if it is that you guys see Val in it and would let me let you uh, keep you up to date so all you have to do is drop a thumbs up, subscribe to the channel and if you ever have any questions, either comment down below or shoot me a DM via Discord or via Instagram which is the first or third link in the description down below I Appreciate your time I Hope that end the thumbs up I Hope to see you for tomorrow's live session and if so, second link in the description down below I Have a little discount in there for you um and we'll see you how Market Open Take Care Team.