So a huge drop on the NASDAQ market and that is following Google's positive earnings. But it's because of their uh Google Cloud that we saw a 9% drop today. Let me go ahead and start sharing my screen so you guys can see exactly what it is that I'm looking at. And here we go.

Uh, we got the overall NASDAQ Market trying to form and indicate signs of a reversal. Uh, we have Sqqq up 3.4% on the day, Tqq is down 3.4% and the overall NASDAQ Market is down 1.1% Now One thing I want to quickly bring up is on the one hour time frame. During today's live trading session, we caught the market sell off. So again we were shorting the market as the market was going down, making money as the market was selling off for those that are unaware.

Uh, but we could see that we are testing a previous support range on the 1H hour time frame. it's very easy to see previous support, previous support, previous support, previous support. So when we began to approach this you can imagine right as we began to approach this range being able being aware of previous lows, we did our job in locking in profits on our Sqqq position. that goes up when the NASDAQ Market goes down.

So very grateful for that. Overall, Google Um, looks like it's trying to finally find and show signs of a support. but as of right now, it's still down 88.4% it's at $1.6 trillion market cap, and again it's still a very valuable company. But just for perspective, it lost $150 billion if I'm not mistaken.

Yeah, $150 billion because yesterday it was at a 1.75 trillion market cap. So uh, pretty significant drop in just a few hours and it's just to show you how powerful earning season is, right? We still do have Uh Microsoft in the green and it's up 3% so far. One thing that I want to share with you guys very quickly is that Jerome pal today on Wednesday October 25th is going to be giving some remarks at 4:35 p.m. this is about 35 minutes after the market closes, wherever it is that you are.

We did have a series of economic reports being released today and it did not help the NASDAQ Market It caused more selling pressure and that was New Home Sales I'm sure you'll see some economic reports uh and or some news out. Let's talk about it later on because what was reported is not good. It shows that new home sales at an expectation of 683k 759 th000 were sold. So this is supporting the case that more new homes are being sold than what was expected.

The economy is not slowing down And to the Federal Reserve they can see this as hey, the economy is not slowing down and this means that inflation can begin to go back up So this can justify another rate hike, right? We're trying to see these economic reports: Through The Eyes of the Federal Reserve Who wants to see the economy slow down and this definitely does not support that as of right now. NASDAQ Market Looks like it just got rejected. potential forming lower lows and lower highs. I'm excited to see, right? Meta reports earnings to today.

I'm going to be live streaming it for free on this YouTube channel. just another reason to subscribe so you don't miss it. Turn on your post notifications but I am waiting to see right on this 1 hour time frame. Are we going to sell off and finally break below this support range and actually make new lows which would be in favor of Sqqq or is Meta earnings going to beat expectation which it has in the previous three quarterly earning reports and caused the NASDAQ Market to make a full recovery back to previous highs of you know 360.

Very excited to follow up again. I I Intend to have no open position during Meta's earnings and I want to see how the market reacts. Remember when you're in doubt, never be afraid to cash out I Appreciate your time I Hope that earn a thumbs up. I'm excited to have you for Meta's earnings.

make sure you subscribe. Drop the uh, drop a thumbs up. And again, if you want the ability to be able to watch me trade live as soon as tomorrow I Work with one team and one team only. and that's my Lpp team.

and that's the second link in the description down below. If you want to watch me trade live every single day right at Market Open Appreciate your time like always. let's make sure that we end the year on a green not take care team.