(LIVE NOW) NEW PPI DATA INFLATION REPORT...

[00:00:00] Speaker ?: Thank you. Thank you. Thank you. Thank you. Thank you. [00:02:08] Speaker 1: Test, test, one, two, three, test, test, one, two, three. What's good on team? It's Ricky with Techland Solutions. Hope that you guys are all having a great day. Today is the PPI data report and in less than one minute, the market's going to react to the inflation report on the producing set of things. I will be breaking down the report depending on if it goes up or down or higher or lower than expected. Market's current expectation is to see an increase for the month of January of 0.4%. We shall see what is actually reported. One thing that we always say is reduce your position size or sell it completely if you cannot tolerate worst case scenario. But again, this is going to happen in less than one minute, so make sure that you guys are aware. There we go. There we go. There we go. [00:03:04] Speaker ?: There we go. [00:03:04] Speaker 1: And negative reaction, negative reaction, negative reaction, negative reaction. Wow. Let's see what it came in at. 6.2, let's see. Yep, this is it. Increased 0.7%, holy smokes. Saw an increase of 0.7, not just, whoa, not good. That is not a good reporting. So we'll break it down in just a little bit for those that are a little bit newer to these inflation reports. But market expectation was to see an increase of 0.4% in the month of January. And with what was just reported, we can see right on over here that the producer price index for final demand increased 0.7% in the month of January. So let's go ahead and refresh this. Let's see if it updated. There it goes. Saw an increase of 0.7%. Not good. I want to know where this puts the overall PPI inflation rate. That might be a determining factor of where it leaves us at, right? We're previously at 6.2%. Okay. So it's now at 6% instead of 6.2. So overall inflation on the producing side of things is still down in the past 12 months. But instead of the expectation of what was already factored in, which was a 0.4% of an increase, that was the market's expectation, right? We can see that this was the forecast seeing an increase of 0.4%. But what was actually reported was 0.7%. Yeah, I mean, it's not good news by any means. Not good news at all. See if that selling pressure continues. We're reaching those oversold levels right now. Here it goes. Here it goes. Okay. I just am not sold on the idea that this thing is going to continue to sell off because market is just extremely bullish, right? I think that it's going to take a fight. I believe that the market will eventually sell off. I've said this for the past, you know, I think past week and a half, especially with our most recent CPI data report. But although, right, I believe that the market will eventually sell off because of how overbought we are. There's been no progress, right? We've been rejected here ever since, what is this, February 2nd. We have not made new highs since February 2nd. We've been consolidating here, but we are so incredibly bullish with the refusal of breaking below the moving average and making lower lows. So regardless of what I think, regardless of my opinion at the end of the day, it's simply just an opinion. I think that the market has a reason to sell off, and it's because of this inflation data coming in hotter than expected. And that's two times in a row already, not just with the CPI, but now the PPI. This is telling us that inflation is going up quicker than expected. It's not rocket science, right? But the market just isn't factoring this thing in. I mean, it factors it in a little bit, and then it wouldn't surprise me, just like we saw last time, that the market just recovers right away. And we could have an agree to disagree of what we believe that the market should do. At the end of the day, it does not actually matter about me and you bickering back and forth. The one thing that matters is market direction, right? And that's one thing that I've always encouraged our LPP members to have, is to encourage you to, yes, have your opinions, yes, try to understand the market on the why it's moving the way that it is, or why it should move a specific way. But at the end of the day, the thing that is always most important, beyond any indicator, beyond any opinion, beyond any report, is simply market direction. So when economic data comes out, my technicals are thrown in the trash. Well, that's, yeah, I mean, there's a fundamental reason on why the market's reacting the way that it is, right? It's kind of like news, right? When it comes out, it doesn't matter if we're, you know, setting up for a double bottom. It could break right below that support. So, yeah. Initial claims. Ah, that's the other one, right? I did forget about that. So I talked about it yesterday. We see initial claims, which is the job reporting. So we can see that. So continuing claims went up. The prior was 1680. This one's 1696. And then the expectation was 203,000 people filing for unemployment for the first time, but it was only 194,000. Still relatively pretty close. It's much closer than, you know, our previous reporting for the payrolls, right? That was nearly double. Housing staff, building permits, PPI, core PPI. Okay. So, I mean, everything necessarily came in pretty much worse than what was expected. Again, I think that this is just another reason that supports why the market should sell off. But, please, one of the things that we always talk about is don't be afraid to lock in profits if you're in the green and market direction begins to change, right? So if you're an SQQQ, you guys know that I want you to make every dollar that you've earned. All I'm saying is if you begin to see a quick change of direction, please hold yourself accountable and lock in your profits, right? Keep those profits. I want you to keep them when we do see that break of pattern, okay? Until then, enjoy it. Embrace it. We're up 3% during that pre-market session. Yeah. What's the green? I don't know her. Thanks. Of course, yeah, I just want to look out for our beginner traders. I want to make sure that sometimes people think of like, Ricky, why are you always encouraging beginners to lock in profits? Like, at the end of the day, beginners should be focusing on learning how to trade and imagine as you're learning how to do anything, right? Imagine getting paid to learn. It's like the best of both worlds, but the main focus should not be to be learning. I mean, to be making money. The main focus should be to be learning. All right, and again, just because I buy, it does not mean anything that you need to buy, so please make sure that you understand that. All right, turning on extended hours. Here we go. So what's the conclusion of the report? Yeah, well, I thought we talked about it already, but inflation increased 0.7% in the month of January. The expectation was 0.4%. So we actually saw a larger increase in the month of January than what was expected. But because of how they calculate the PPI data report, we went from a 6.2% inflation rate to a 6% inflation rate. So inflation still went down in the adjusted past six months, right? So we can see the 6% here where previously at 6.2%. So overall, PPI did go down, but that's just because they dropped the previous month and then they added a new one, right? It's based off of their calculation. When you go down the list, again, all the items that are under the PPI report of what saw an increase and what saw a decrease, I mean, it shows that there was only one item that saw a decrease in the month of January. Everything else saw a pretty significant increase. The biggest one that saw an increase was energy. And if energy saw an increase in the month of January, oh, I'm sorry. No, yeah. Overall, it was energy. So what this tells us is that we're going to want to pay attention, right? Because this is pretty much like a forecast for us. It's pretty much forecasting for us to pay attention to that energy sector because if energy is seeing an increase in inflation on the producing side of things, then we can expect in the next couple of months for that to get passed down to the consumer side of things. Okay? Does that make sense? Makes a good argument for a 0.5% basis points. I completely agree. I have seen people jump on different news outlets and talk about that. No, I mean, the Federal Reserve should still only raise interest rates 0.25%. I don't get how they're coming up with that conclusion if, because remember, I mean, this is just you and I talking, but I don't understand, you know, the Federal Reserve said they would be less aggressive with their 0.25% interest rate hikes as long as inflation data comes in as expected. But for the month of January and what was reported, you know, in February for the month of January, it shows that inflation data is hotter than expected. And Jerome Powell said in his discussion last week that, hey, if inflation data continues to come in hotter than expected, then they will have to be more aggressive than what was expected. And to me, it's, when I heard that, just like the analogy that I gave you guys, I saw that to be an alley-oop, right? He's just setting himself up to raise interest rates more because of what he knew most likely would happen and that's inflation not going down month over month. And I think that's what we're bound to see. I think in the month of February when it gets reported in March and then so on and so forth, we're going to begin to see choppy CPI data reports. so love the video. Hope that you can go live more often. Of course, I go live every morning with our LPP team and again, this is, I understand that if you're not in a position to join our LPP team, you know, I completely respect that. I will try to go live for free when I can but if you're someone that's just getting started and you want to experience this every day, I literally go live every day and they get to see my entries, they get to see my exits, my good trades, my bad trades, they hear my thought processes, you know, I answer questions in real time. I do this every day for about 30 minutes to an hour with our LearnPay and Profit team. For those that are interested in joining, it's the second link down below and you get access to our A2Z video lesson library, our daily live trading sessions, our private group chat and access to our TechBuds HQ. It's all included. It's a one-time payment. It's a live time access and right now we're running our biggest sale and it's $150 off and that's that second link in the description down below. But again, the question that I love answering is can you learn this all by yourself without having to join my LearnPlan Profit group? Of course, I mean, I learned everything on my own. The question is not can you learn everything on your own? The question is can you condense the time and learn in a more effective manner, right? So asking the question is sure, you can learn this all on your own but how much money are you going to lose and how long is it going to take for you to do this on your own? Is it going to cost you more by you doing it on your own and is it going to actually take you more time? So you know yourself more than I know you as of right now, right? So if you decide on wanting to do it on your own, then so be it, right? But if you're ready to join our team, then I have that discount code for you, right? And that's that second link in the description down below. All right. Okay, so I'm actually, I'm genuinely surprised NASDAQ is still holding this low for this long. I mean, it's down 1%. I don't know if it's just me that's surprised, but I just thought the bulls would have come out already. It's kind of encouraging, right? That it is holding down here. I mean, it makes sense that it's holding down here, but based off of how bullish it's been for the past month and a half, literally a month and a half, a month and 10 days, right? because it's January 6th, I believe, right? Yep, January 6th. You can see the date down here. January 6th, nice little uptrend. All right. It's crazy that the market isn't crashing a little. I would say even correcting itself back down to the moving average, right? On the day chart. I wouldn't expect a crash. I would expect a correction, right? Pulling on back, correcting itself to the moving average on the four-hour time frame. Anything that shows that, okay, you know, we have rallied for a while, let's correct ourselves and then continue to rally. But the unfortunate part about this is that the longer that it prolongs a pullback, the harder and quicker it will drop. And we've been saying this time and time again to our LearnPlan Profit team because we know that when it happens like this, it will happen in a moment's notice and everyone gets all excited, everyone gets super happy when the market's going up, they don't think about locking in profits, they don't think about reducing their position size, and then guess what? Market changes direction, then they give back everything that they made and then they call the market rigged. Oh no, market's rigged, right? Why did it sell off? It's like, come on guys, it's not rocket science. If you look at the past four hours, the four-hour time frame, you can see that ever since February 2nd, right? February 2nd, we have not made progress, we've peaked at February 2nd, we've been consolidating, if anything, we're making lower highs and lower lows. So if nothing is making progress, why do you still have an open position on something that is showing no continuous progress? that's the basic rule that we have within our LPP team. Any open position is a position that's open to risk. Yet, if there is no progress, why must you continue to hold a position and hope for this progress? It just doesn't make sense, right? But, there is no break of pattern just yet, right? It's still holding above the moving average and this is the only reason I respect why people are still holding, but I know that when we break below that moving average and we break that seal, right? We're going to flush a lot of those bag holders down because their inability to lock in profits, they don't know how to reduce their position size and it's a tough pill, it's a tough lesson to swallow, right? But it will happen and it happens every single time, right? So all I can ever do is make you aware based off of my experience, not because, oh no, I need you to sell or anything like that, right? I can make just as much money going long that I can go into short, so it's indifferent to me, right? But yeah, I'm in SQQQ, but I'm pumped, I'm excited, we're at that nearly 4% mark right now, we're looking good feeling good so i'm shorting tqqq okay i don't know why you would short tqqq you wouldn't have to incur short interest if you just were an sqqq but to each their own there it goes 34.98 breaking the support here on qqq so broke below 305 let's see what's the next significant support okay we are testing our previous support so this is where again i don't want to get too confident i don't want my ego i don't want your ego to over complicate things anytime that you are trading something it is our job to respect the other side it's just it is it is what is needed right because if you think that you're you know invincible if you think that you're right is the only way or the highway you know this market will humble you right this this the stock market is a bad place to learn that you have an ego problem all i'm saying is looking at nasdaq we can see that 304 50 is a previous support range so anything around 304 is considered to be a potential support zone and if that's a potential support zone then that means that we're approaching a potential resistance zone for sqqqq so um this is just your reminder that we are approaching that it's not that you need to sell i'm not right you're an adult i'm not going to be here to to convince you all i'm saying is my job is to make you aware just like i do with my learn plan profit group my job is to make you aware if you decide to sell and lock in profits for yourself because you think that's in your best interest great if not i respect that as well and i wish you nothing but the best do you think that qqq will continue to drop past that point i don't know right i'm playing it safe for that specific reason because i don't know i do not know if right my job is not to predict the future my job is just to prepare for it so if i see that we're approaching a potential support zone which we are now um i'm sorry let me go five minutes i mean we're literally there right now uh we're even beyond it i mean i didn't even expect it to hit this low uh we're right around 304 i mean it's hit lows of 304.80 and that was a previous support zone so anything around 304 305 is a support zone right now we're trading at 304.83 so yes i think that we are at a support zone for sure um do i think that it has to find the support no it's just where you need to tread you know like proceed with caution that's the whole idea of me saying what i just said [00:23:06] Speaker ?: um um um um um um um um um um um um um [00:23:36] Speaker 1: um [00:23:48] Speaker ?: um um [00:23:48] Speaker 1: um um um um [00:24:32] Speaker ?: um um um um um um [00:24:32] Speaker 1: um [00:24:34] Speaker ?: um [00:24:34] Speaker 1: do you appreciate you guys taking time and joining me for the ppi data report and i hope that you enjoyed it right uh we kept it pretty simple i hope that it made sense to you um and i hope that you learned something new so all right all right thank you for hosting of course and and you can see in the end you don't have to say anything to them um um um [00:25:08] Speaker ?: um [00:25:08] Speaker 1: um [00:25:10] Speaker ?: um [00:25:10] Speaker 1: um a rug being pulled [00:25:14] Speaker ?: um um [00:25:14] Speaker 1: markets gonna continue to go up [00:25:16] Speaker ?: you know [00:25:16] Speaker 1: those are the people like those are the ones that throw me like red flags of like [00:25:20] Speaker ?: you know [00:25:20] Speaker 1: how desperate are you right now for your position size to return to what it was that's always what i ask myself anytime that i see an emotional comment like that [00:25:30] Speaker ?: uh [00:25:30] Speaker 1: where they're like no this thing has to happen and it's like well buddy [00:25:34] Speaker ?: you know [00:25:34] Speaker 1: i hope that it happens for you just for your own mental health sake um but no it it does not right and this this this and i can reassure you if i could tag that person and follow up with them in six months to a year they probably won't be trading anymore right because it's that type of mentality that ends up burning them and that's i would say a perfect example of someone uh that i would aim to not be like right it's kind of like those reddit traders or those meme stock traders i don't know if you guys were here for the whole amc movement uh but it's um i think it's just very important um so i think it's just important for you to take notes of of of individuals like that because it's very easy to then you know work towards not being like that um and i think that's just the important part so um and you'll see people in comment sections where you know not even just in my videos i've seen it um how how people try to correct others right and others are just sharing their opinions about the market of encouraging beginners to either lock in profits or something like that and um they get super triggered like it like if they told them to do something that's like to like hurt themselves or something like that uh and i just i just think it's um it's funny how people choose to respond when someone doesn't agree with them right so how did the ppi report come in ricky missed it what's going on michael hamilton hopefully we are in your thumbs up homeboy uh but the ppi report came in a little bit harder than expected um so again this is all available at bls.gov forward slash ppi it came in at 0.75 [00:27:32] Speaker ?: uh [00:27:32] Speaker 1: 0.7 percent of an increase instead of the expectation of 0.4 percent of an increase so it uh increased an additional 0.3 percent uh but the overall cpi is at 6 percent instead of the 6.2 so maybe i should put this in our live chat mkay no it doesn't like me it's too long about let's see i need to delete the outline [00:28:00] Speaker ?: oh no it's too long of a message oh no it's too long of a message [00:28:06] Speaker 1: oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message [00:28:16] Speaker ?: oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message [00:28:26] Speaker 1: oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message [00:28:32] Speaker ?: oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message [00:28:40] Speaker 1: oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message [00:28:43] Speaker ?: oh no it's too long of a message [00:28:44] Speaker 1: oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message [00:28:51] Speaker ?: oh no it's too long of a message [00:28:52] Speaker 1: oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message [00:28:55] Speaker ?: oh no it's too long of a message [00:28:56] Speaker 1: oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message oh no it's too long of a message so if you want to be able to watch me trade live as soon as today you can join our LPP team you can get the $150 off and you can watch me trade live today and every day moving forward so I just pinned it in the live chat so you should be able to see it friendly reminder you can only participate in the live chat if you're subscribed to the channel and also don't forget to you know drop a thumbs up if you feel like we earned it but thank you Ricky I really appreciate it of course you can do once a week live trading for free for like a few hours at least no I don't that's not how it works I trade live with my LPP team so if you like you know I trade live or I host these sessions when specific economic reports come out but if you want access to me if you want access to being able to watch me trade live then again it's for my LPP team and that's what it's that's what my intention is I don't care to do it for free for anyone else if it happens like during these sessions and I just happened I happen to be trading and so be it but I do not care to host it for free [00:30:24] Speaker ?: right [00:30:24] Speaker 1: you either value my time or you don't and if you don't I respect that right you can just watch the free videos that I have here on YouTube but you can't expect me to want to do it for you for free especially when I have a group that pays for my time do you know what I mean so but I'm happy to host these streams when I do but there's no expectation that I need to trade between these streams [00:30:48] Speaker ?: right [00:30:48] Speaker 1: I am late what happened you can rewatch the video if you haven't done so already but the PPI report came out and market sold off SQQQ is up so you can imagine what the PPI report came in as and not just that but also the initial claims and continuing claims Do you keep all of your previous trading days recorded? all the way going back to 2018 you can go back to my live trading session yesterday last week last month last year yep so not only do you get access to the lesson library but you get access to you know I don't know how many trading days there are like 252 trading days and obviously I maybe miss a few so 240 trading videos per year 30 minutes to 2 hours yep where are the live streams being streamed? so once you sign up for LPP once you sign up for LPP in the first 3 sections of the course it explains to you you know the welcome section how to get access to the discord and then how to get access to our daily live trading session and it's all within the welcome section of LPP 2.0 it explains to you everything we provide you the link show you exactly where it is that I post the links to go live but again it's all available for you in LPP 2.0 which is the second link down below but that's enough questions about LPP if you want to join join and I'll see you at market open if not then you know I'll see you on the next YouTube video my free flag and hoodie arrived today thank you Ricky of course Yusuf you have to send me a picture so we can post you on Instagram bulls are too weak yeah I'm excited to see if the bulls end up coming on back right it looks like the bulls are trying to hold right now I do not want to be someone that's just like no the bulls are going to take a beating today we've seen it time and time again where the bulls come on back and they fight hard they recover everything that they've lost right and our LPP team my main focus is you know to remove the ego and just to to not be afraid to lock the profits out whatever that is to respect market direction and yeah bulls can definitely come on back right let's just wait for that change of direction and although I'm trading SQQ right now if the bulls begin to come on back I'll trade TQQ right I just want to make sure that we have confirmation of that reversal so alright and there it goes it's beginning to curl right back down so this is a confirmed lower high [00:33:46] Speaker ?: alright [00:33:46] Speaker 1: but there we go we're at that 7 minute mark or 7 a.m. in the morning for Arizona I'm going to start getting ready for our LPP team for all those that are newer to LPP or that are just about to join you guys have 30 minutes we go live right at market open which is going to be in 30 minutes so if you want to be able to watch me trade live then again second link down below it's our biggest discount it's a one time payment lifetime access and yes you get access to the A2Z available license library and yes the daily live trading session it's the only service that I offer I offer nothing else and that is literally all it it's the second link down below if you guys have any questions feel free to message me via Instagram or Discord and that's the first or third link down below and don't forget to pick up some of your trading mouse pads or gear and that is all at ShopTechBuds.com trading mouse pad trading apparel a lot of you guys like the different shirts that we wear and this is all where it's from ShopTechBuds.com or the fourth link down below and you guys can get 30% off your entire order today [00:34:45] Speaker ?: only [00:34:45] Speaker 1: flags aluminum art wall art apparel mouse pads okay so that's that fourth link down below and yes I am using the Webull trading application it's free to everyone in the US and if you sign up and deposit a minimum of $1 you'll earn up to 12 free shares and that's the fifth link in the description down below so I appreciate your time hope that we're in a thumbs up we do ship internationally and yeah it should it will charge you for shipping internationally though so I'm not a member yet but these live streams are too valuable thank you Ricky talking yeah I appreciate that so GTR giveaway there's a you can click on it because we provide you a GTR giveaway update if you want to learn more about the details on how you can enter our GTR giveaway it's going to be our biggest giveaway ever we have a third party sweep six company that we hire that's going to be picking the winners so it's completely legit it's as legit as it's if anyone is hosting a giveaway like legally that and it's an item that's in the tens of thousands of dollars as this obviously this GTR is it's a 2019 GTR if you want to learn more about this it's the fourth link down below or head on over to shoptechbunds.com and learn more about it but in very simple terms it starts in March right so we're excited to follow up and excited to see who ends up winning a freaking GTR or $50,000 cash so [00:36:05] Speaker ?: appreciate your time [00:36:05] Speaker 1: like always let's make sure that we end the year on a green note take a dizzy team Thank you.