What's going on guys? Happy! Thursday Let's go ahead and do a quick little market recap and talk about what you need to be paying attention to today. So first off, a quick little recap on NASDAQ So NASDAQ making new highs up 1.3 pre-market hours. Two reasons: I mean there's a handful of reasons. Uh, there's a series of economic reports like the GDP Advance initial claims, continuing claims, and the pending home sales was just reported.

Of what we would think that would cause the market to sell off, it's actually causing the market to Rally right? But two actual reasons that I can justify on why the market is performing well today. First is: Meta Meta reported earnings yesterday after the Market opens and Meta today is up 14 big. Tech again helping the overall. NASDAQ Market NASDAQ Having a big focus on Tech to continue to Rally makes sense.

The second reason is well, Google Microsoft both reported earnings on Tuesday both came out better than expected. Meta reported earnings yesterday after the market closes, better than expected Amazon also known as Big Tech reports earnings today and based off of I would call it this green streak I Think the market is expecting. you know for Amazon to beat expectations, but there is a little bit of a difference, right? Amazon As a company I would say is much more different than something like Microsoft or Google or even Meta, right? We just talked about it during our live trading session where you know, uh, Amazon would be considered to be a company where if it misses uh, any of its earnings, or due to its Revenue if it begins to lack in its web services, that's probably what's going to set Amazon off right? There's no question that probably spending has been down and especially if the idea of us going into recession continues to play a role in our economy. Most likely Amazon will give an expectation during their guidance call that they expect a Slowdown very similar to how Elon Musk did for Tesla in up incoming months.

If we do continue to enter this fear of a recession and again, people continue to, maybe reconsider, not overspending right and actually saving money. So as of right now, everything looks extremely bullish. I Literally the pending home sales was just reported was just reported uh, the GDP estimate. Although it reacted in a negative way originally, it quickly recovered during that pre-market session and has made higher highs and higher lows I am sharing this with you.

That's just I Want you to know I have decided to close out my position of going long on Tkq A lot of you guys saw based off of my performance yesterday. I was up I think 21 or 22k yesterday today I'm up 19.2 K Very grateful I sold very early during that pre-market session, right? I still had a couple of shares I ended up selling at 26 uh, 29, right? So very early during that pre-market session I saw I shared it with my Lpp team made them aware that again, uh, when in doubt, cash out, right? And that's exactly what we decided to do as right now I am missing out on this entire jump. So I'm sharing with you that if you want to continue to hold all power to you, I'm just sharing with you that I decided to close it out I Just think that the market has slowed down since the market has opened today. With all this consolidation, I'm waiting to see if we continue holding above the moving average and forming higher highs then? yes, I think that we could continue to rise leading up to Amazon reporting earnings and hopefully actually beating expectation.

But if all of a sudden within one or two hours which is normally where we tend to see it right. If you look at the history for the past couple of weeks right at Market open, they're either tends to be a quick change of direction from red to green or if we actually start in the green, it goes from green to red, right? So please just understand that I'm just taking based off of what has happened in the past couple of weeks. the past two and a half weeks be because of how much choppiness has been in the market. I Just don't want to go from a green trade to a red trade just because I was in fear of missing out, right? That's a very common mistake a lot of people make I'd rather cash it out.

Enjoy my last day here in Italy and if an opportunity ends up representing itself, then again, I would love to get it. Other than that, just wanted to provide you guys with an update on what to focus on today and that's going to be. What's left is Amazon reporting earnings after the market closes. so please make sure that you prepare for that.

If you have any questions whatsoever, feel free to message me in two different ways. You can message me via Instagram and that's the third link in the description down below but it. But if it's a trading related question, then feel free to message me via Discord and that's that first link in the description down below. I Do work with my LPB Team every day and they are the only team that get to watch me trade live every day.

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Um, you know when in doubt cash shot. That's going to be a little saying that we have, especially with how choppy the Market's been for the past two and a half weeks. I Know that I can't be the only one that's been really frustrated with the market. So very happy that even though I am missing out on right now, 40 cents per share.

um, it does hurt but what hurts a lot more is going from green to red and I know I've experienced that um you know in the past two and a half weeks where I don't want to put myself in that same position. So I decided to close it out. just wanted to share that with you guys. Wish you nothing but the best we'll see on the next one.

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