 The following is a presentation of TFNN. At TFNN Bull Bear Trading Hour. Every trading day, live at 10 a.m. Eastern. Call now, toll free at 877-927-6648 or internationally at 727-873-7618. The TFNN Bull Bear Trading Hour. Now, Tommy Ants, Tommy O'Brien. Welcome folks, appreciating your growl and prowl with us out here. We have got our investors up 34. Nasdaq's down 24. S&P's off 6. Gold contract down $6. Trading at $15.34 an ounce. We've got Silver off 8 cents. $18.54 an ounce. Light sweet crude, really getting smoked here. Right. Down a buck. $65.68 a barrel. Notes and bonds. You get the 10-year down 6 ticks. $130.17 a 30-year off 11 at $162.25 an king dollar. King dollar up $398 ticks. Trading at $98.735. The euros at $109. The yen is at $107.52 and the pound is at $123 to $1 U.S. dollar. Our phone number is 877-927-6648. It was called folks. Inside the Dow Industries, Nike. Nike hit it out of the park last night. No doubt. And I believe that... One more. They're not quite an index yet. No. I pulled up the Nikkei. Yeah. Okay. So Nike out here. We are trading. Where are we at? Ooh. $9175. All-time highs. Up $454. Look at that number, man. Huge. That's pretty intense. It sure is. And so the number on it... You know, what's so intriguing about this in Nike folks, okay, is that, you know, you have tariffs, but bottom line, there's such a... Yeah, let me pull this. Because if we break down the segments, you're going to see that they're a worldwide company. So it's just not the United States they make their money on. Okay. I believe they got it broken down. They don't have it broken down here. But this... I'm sure you're correct. Yeah. It's a worldwide... They sell Jordans everywhere, right? Everywhere. Everywhere. And the NBA is enormous over in China. Yeah. And the NBA really has going for them on a world scale that their athletes really are. And that would translate to Nike. No doubt. Yeah. If we go take a look at the Dow industrials, what you're going to see is that Nike, I suspect, is the one that's holding the Dow up right now. The... Oh, Bowling too. Yeah. Nike 32 points positive. Bowling 26. Apple 10. Yeah, Apple as well. No doubt. We are definitely going to have action out here today. Yeah. Yesterday a little political turmoil, right? Yeah. Whether it's correct for the market to react to, you know, the proceedings of impeachment, whatever that means, right? Right. I mean, there's a lot of what it doesn't even exactly mean happened yesterday and the market reacted for sure. Yeah. And then you just have, as we came on the air, the transcript of the call between the president and the Ukrainian president, Zelensky, being released. And I'm sure we're going to be catching headlines and whether that will matter or not, that's for you to decide in the market. We'll find out, man. We will. But it's coming out. So let's see. This is... So the transcript got released, okay? Yes. So President Trump asked the president of Ukraine to work with his personal lawyer and the U.S. Attorney General, William Bott, to look into his political rival, Joe Biden, according to a rough transcript of the call between the two leaders. Yeah. So we'll find out where the rest of this is going to go. What is pretty wild, folks, is that if you follow this, well, we're all following this, okay? The ironic part to me is that I said to Tommy, I was going to send him this this morning, is that it was the Wall Street Journal that broke this story. And so the Wall Street Journal right is, the ones that bottom line came up with the deal that the president eight times, you know... There's probably the whistleblower one that started it all, wasn't it, maybe? It might have been. I think there was a whistleblower story about it. Either way, as it broke, sure. The Wall Street Journal is the one that broke it, right? So this morning inside the Wall Street Journal, inside the editorial, folks, it has that Trump, he just had a misjudgment. And so to me, it's ironic, because you get the Wall Street Journal is owned by Fox. And it's just going to be ironic. By Rupert Merritt. Yeah. So that it's like, okay, you opened the Pandora's Box. Yeah. And I ain't trying to pull it back. You have news and you have editorial and opinion, right? I mean, that's what happens. It's got to be wild. I just, I happen to, in here as well, interesting either way. Trump also asked Zelensky, the Ukrainian president, to investigate whether his country could locate a hacked Democratic National Committee computer server that became an issue in the 2016 campaign against Clinton. So he also wants the president to find Clinton's server. I mean, that's just pretty ridiculous. Trump mentioned Biden several times during the call, described allegations as Vice President. Biden had pushed to oust Ukraine's top prosecutor, tell a company his son was working for claims that had been widely discredited. So we'll see. And then tomorrow you have the director of national intelligence in front of Congress. Right. And you have Congress going on a break, though, I believe, this Friday for two weeks. Really? Yeah. That could have changed with yesterday afternoon. But they, yeah, I know. That's, yeah. Oh, man. Sick. Yeah. Let's go take a look at the bond market out here. So, oh, okay. So let's look at the bond market first. Okay. So this is what is happening, folks, also in the repo market, right? The Fed. So yesterday bonds go top side, have volume behind the move. You've got a sideways move out here today. You've done 656,000 contracts. Yesterday, yeah, we did 1.6 million. That's telling me bonds still want to go to highs. So on the repo market, what is going on in the repo market is that the Fed has put, they changed this yesterday from, not changed it, they added, from an overnight market, now they give them banks money for two weeks. Okay. And what this is setting up, folks, is this, is that it's setting up the aspect that the next squeeze is going to be at the end of this month. Okay. And so what they're trying to do is push as much money into the banking system as they can. And what also happened is that the Fed came out and said, okay, I believe whether it's brought in a 50 billion. But then the banks came in saying we want 100 billion. So they basically pushed it out. Yeah. They pushed out as much. So you're going to keep hearing about this, okay? And these little tweaks that are happening out here, I think it's important to keep your head wrapped around it because it is saying that the banks have more collateral than they have cash. And that's a liquidity event. Right. And just if we bring it home to all of us, right? Pitch it as, you know, you hear this many times. You can own, let's pitch it, you can get it on a huge amount of real estate, okay? And then if you don't have any cash to take care of the real estate, it's a problem. You need both. Yes. You know, you need both. Yeah. And then, because also what ends up happening is that that would be a hard asset that's hard to sell. Yes. Illiquid. Illiquid, okay. So that's what you have happening. And the thing that's amazing is that what we're talking about here, what they have that is still a treasuries. You know, you're talking about something that does not supposed to be hard to move. Very liquid, yeah. So the bottom line is that they're going to be pushing more into the marketplace. Gold. Let's go to the gold contract. Take a look at gold. Gold's backing down. Oh, we're going to look at oil, too, because I want to see what happens. Oil must be filling that gap. Yeah. Oil, gold's sideways move. Down to six bucks. That's a sideways move. CLX. I think we're on the X contract. CLX. Yeah. Yeah. CLX. November, yeah. So 157. Yeah. There she goes. She's after that. Look at that thing, man. So the top is 5561. This always blows my mind. What? It hit 5562 so far. So the filling the gap is 5561. Sure. That would have been Friday when we closed on Friday. That was the high of Friday the 13th. Yeah. A week ago, Friday, before the attack on the Saudi oil field. And then the bottom line is that they, you know, you opened up the following day. Sunday. And they go into 63. I wonder who was buying Sunday at six o'clock when those futures opened, because that tick was only one minute to five minutes long that it was up at 6375. Yeah. Stay right there, folks. We're coming right back. Our phone number is 877-927-6648. Coming right back, folks. If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The TAS Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. Heated by Steve Dahl, TAS understands that in today's technological world, the use of top-flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the TAS Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30-day money-back guarantee, so you have nothing to risk. Start your subscription by visiting the front page of TFNN.com today, and you'll find the TAS Profile Scanner under the Services tab. Sign up today. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa, and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. Whether you're looking to sell your current property for maximum value, or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. From the price you should be paying per square foot in certain up-and-coming areas, to the type of cash flow investment properties are capable of creating, Tiger Real Estate can help you make the best decision when it comes to all areas of the market. Before you make one of the biggest decisions of your financial future, call Tiger Real Estate LLC today at 727-329-8322 or email us at tiger at TFNN.com. That's 727-329-8322. Call us today. Many of our new listeners have heard about The Tiger's Den. The Tiger's Den is a lively community where professional traders and investors can meet, exchange ideas and information in a comfortable, moderated atmosphere. Hear all of the TFNN shows, plus see all of the charts as they happen live and have access to archives of all of those charts. You can test drive The Tiger's Den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Details on The Tiger's Den is available on the page of TFNN.com. TFNN has launched our brand new website. You can still visit us at the same TFNN.com URL, but when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com, educating investors. Call now. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Welcome back, folks. Now it's up 39, now it's down 32. S&Ps are off eight. And what we did have out yesterday too, by the way, folks, is that you got another expansion with volume on the way down. So when that happens, your probability goes much higher that we're going to continue lower. If I show you this, if we take a look at this, how this was set up, you got to remember that you had option expiration on Friday and, you know, we got the... It came down, it came down with volume, 97 million. Then on Monday, you got under that with tremendously lighter volume, 47, and that's where it rejected lower price. What ended up happening yesterday? Yeah, you tried to get higher and then the market blows out to the downside. We did 97 million versus the 97 million of option expiration. So your probability is a lot higher than, guess what? The markets rolled. We'll see why this August 5th date shows up, but that's where I suspect we're going next. The free queue is what the queues did is actually break the trend line from the August 5th up, because we're going up since August 5th. In this particular case, you got both. You got a monster expansion of volume and you're going to see that you basically got a break of the trend that started out here on August 5th, which is 179, and you can see option expiration we had done 30 million. We rejected lower price the next day at 23 and then you blow it out yesterday with 41. And what happens here with the NDX, you can see you're in the lower range now. Once you get back inside that 189.68, it's going to be pretty wild watching this whole thing shake up. Oh, and then again, we work. Newman's gone. In fact, you know, the Smawni folks, there's a lot of things happening. Is there? Yeah. I mean, on the CEO front, we work's gone. Oh, man, I know, right? The CEO of eBay's gone. Right? Yeah. There's one other one. There might be, I know. You're right. And so it's going to be a trend. The Newman deal is pretty intense. It is. I don't know. I'm sure there'll be some great articles written about it because I want to find out how that struggle went. What happened? I thought he had 10 to 1 shares. I thought he had 21. He did. He gave him up. Yeah. That's what it said. It said he gave up. He gave up. He had 20 to 1. Right. He had 20 to 1 originally. And now it's going to be 3 to 1. Okay. They were trying to get him to 10 to 1. That was the first step. Now they get him to 3 to 1. Okay. And he is going to still have representation on the board that's going to be minority representation. Yeah. He's going to be the chief non-executive. Yeah. Non-executive chairman of the board. Exactly. Thank you. Right. And giving up. My take is it's all about, even he knows it, and Jamie Diamond is probably convinced of it. It's all about, hey, we've got to get this out to the public. We need their money. Yeah. We need this piece of paper. Right. Because you've got to destroy your own wealth. He always, Jamie Diamond already had it. It's a great story. Yeah. Not Jamie Diamond personally. Jamie Morgan. They've been a lot of banking relationships. Monster money. For loans. Loans against the shares. Loans against the shares. Yeah. He financed 500 million for when he sold the shares. So, and I'm thinking that they didn't say what the margin was, but I kind of picture he gave all the money. You know what I mean? So, let's say that you were. Newman. The CEO. Yes. And I want to buy the shares. So, what the bank did is put 500 million in a pot. And I suspect they probably made us pay half of the money up, like, you know, like a public market, 50% margin or something. I kind of picture that they did more than that. But you don't know it. The article didn't say that. Okay. But the article, you're not getting what I'm saying. You know, I'm not following what you're saying. What I'm getting what I'm saying. Didn't he, he took out a loan against his shares? Is that what he did? No, this is different. Okay. What are we talking about? Just start me from the scratch. He sold shares. He sold shares. Okay. Right. But when he sold the shares. Yes. JP Morgan was the bank. So, if I wanted to buy the shares. Yeah. They found a private buyer. No, no problem. Yes, right. Okay. I just don't know what the margin requirement was. Sure. You know what I mean? I'm figuring 50%, you know. But I might not be. For you to buy those shares. Yes. Yeah. Okay. Right. Yeah. Just like a public market. Sure. But maybe not. Maybe it's 25% or maybe it's 75%. So, are you saying they're wiped out with the person who bought them because of the loss of where they bought them at? And Jamie Diamond's on the hook because he's got, he, they owe him the money. They owe JP Morgan the money. Sure. So, if those shares collapsed below their price. Right, right. On the hook. Yes. Only for that one. Sure. Then he gave, then he gave Newman another 800 million. Okay. Yeah. There's so many of them. It's like, it's like, you know. So. It's good to see the market getting some corporate governance though, as opposed to just throwing out to the public. Yeah. You know, and realizing that, hey. There's no doubt. You know, we're just marking up a company at almost $50 billion. Right. With one man running the show. Right. And they have no idea how they're going to make money. And they're valuing themselves. Yeah. At a multiple that. We're going to find one of these places and go in it. And see what it looks like. We work, sure. I think they have one. Remember I said to you, I just saw scrolling in my Facebook feed in Tampa. Yeah. So I'm sure they do. I want to see. Tampa top 20 city. I want to see how this is done. Yeah. They have free coffee, man. Yeah. Free coffee, expensive real estate for small spaces. Right. So how about. Oil. Oil. Oil. Right. Okay. Okay. We have a minute on the Bloomberg left to give it a guess. We haven't given the chart a look. We'll do that right afterwards. But, you know, if you think oil is going to rise in price, you would be looking for less oil than they thought as in a bigger draw. If you thought maybe oil was going to go down in price, you'd be looking for a big surplus. Right. A gut. Looks like the survey numbers minus 400,000 barrels per week. Whisper number a little bit. Okay. Looks like the survey numbers minus 400,000 barrels per week. Whisper number a little bit lower minus 525. What are you going to do? Let's see. We're down about a buck 50 today, right? We're sitting there like 55 and change. So the question is, you want to play it to the downside or the upside? I'm figuring it's just filling the gap. Okay. Well, what does that mean in terms of up and down? That would mean it would probably get a little bounce. I was going to go bounce, too. So that means we're going to miss to the downside. Hopefully, if you were playing for a bounce, we're going to go minus 700 with 10 seconds to spare. Oh, cool. I see. Yeah. Maybe that gives it. No, that's going to be minus 700, maybe. There we go. You got it. We made it with two seconds. One, two seconds left. Good. Okay. Perfect. So we'll see what happens. Let's jump over to the chart now and see what we have. So here's the price accrued. Quite a drop today. We're looking at the November contract. We'll get this chart to the front. First up, a $57 man dropped almost $55.60. So I was taking a look at this over the break. I pulled up a couple of the volatility trades. Here's your 11 a.m. spreads. Again, we're at $55.85. These are going to have $55.75. Okay. Okay. So we're at 10 cents in the bullish position with intrinsic value. So there's your bullish spread. After a lot of volatility this morning, too. Interesting. Yeah. And we had to jump around to find, but 11s and 12s line up both with this price point. So we're going to have $55.75. You have a 10-cent start to the bullish side. Here's your bullish spread. It's going to cost you $25. You're getting into $56. The contracts are $55.83. The bearish spread, just the premium. Your mindset and the intrinsic value. So you're looking at about $44.45 represents $44.45 away from $55.83. Excuse me, $55.75, right? The noons, same exact price spreads. Here's your bullish one, $55.75. This time the bullish one is going to cost you $31 as opposed to $25. Right? So you're paying six pennies or $6 on each leg probably. $55.58 is where you're selling the 11. There you go. $8.55 is where you're selling the noon. So you're looking at $56.44. So you want to pay $0.44 for 11 a.m. or do you want to pay $0.56 in terms of how much movement you need for the noon? We'll see what happens. We've got three minutes. We've got a lot of movement already, man. Pretty wild. Yeah. 877-927-6648. Let's call folks. And we're going to have that man, Teddy Cakes, that up at Fawty, past the hour. We're getting any action in currencies, man? That dollar index hit $100 yet? It's got some strength, man. It's got some strength, man. That was up $32.6.31. S&P's off eight. We'll come right back. Hi, folks. Tom O'Brien here. If you'd like to get my daily newsletter and market insights, then now is a great time to sign up for a 30-day free trial. Every morning by 9.30, I send out my morning letter to subscribers with market commentary on a variety of markets, currencies, and commodities to keep investors up-to-date on the day's trading action. Included in Market Insights are specific buy-and-sell recommendations for stocks, ETFs, and even options, with stops and price targets included for every trade in my newsletter. If you'd like to try my newsletter at risk-free for 30 days, then head over to the front page of TFNN and you'll find Market Insights under Trading Newsletters. I use my years of trading experience to bisect and dissect the market every morning and give my subscribers the most important information they need to know for the day ahead. I even issue afternoon updates for my subscribers whenever warranted with important market action. I'm always scouring the market for the next great trading opportunity. Sign up for your 30-day free trial to my daily newsletter Market Insights today by visiting the front page of TFNN.com. Well, go get them, folks. The path of least resistance is David White's daily trading newsletter and if you're looking for active trading ideas, then now's a perfect time for a 30-day free trial to this powerful daily trading advisory service. David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter. Using a combination of equity trades along with options, David keeps his subscribers up-to-date with all pertinent market information with intraday afternoon updates when warranted. Don't miss out on this great chance to get a 30-day free trial to David's daily newsletter, the path of least resistance, with no obligation to pay anything. David has been delivering solid recommendations for his subscribers recently and if you'd like to see the type of newsletter he delivers every morning, then visit the front page of TFNN and you'll find the path of least resistance under Trading Newsletters. For all the details and to start your 30-day free trial today, log on to TFNN.com now. TFNN is excited about our new software charting program, the Art of Timing the Trade Chart. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, your ultimate trading mastery system, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, the Art of Timing the Trade Chart allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies, and much more. The Art of Timing the Trade Chart is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of the Art of Timing the Trade Chart today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Folks, Dow, Dow Industries right now are up 57. Nasdaq's down 21. S&P's are off 5 and oil. Let's see where we are with these oil contracts. Jumping back to the chart. We're looking at the contract. We'll pull it up. Oil trading $55.88. Not too much of a move? It's not a holiday, either. No, it's not, right? And let me zoom in a little bit as the market's digesting it. And why don't we jump back and maybe pull up the news? Maybe we'll get it at the top. There we go. Crude oil. Look at how much it rose. Oh, boy. Oil should come in at minus 700. This would be interesting. That's a plus 2.41 million barrels. Yeah, here we go. So it's just going to be perfect. Here's the whole breakdown. So crude for the week, plus 2.4 million barrels. Median estimate was minus 600. My estimate minus 700. Gasoline coming in with a build as well, $519,000 versus the estimate of a decrease of $564. Let's see. The distillate, look at the huge missing distillates, minus 3 million barrels almost. The estimate was only minus 4. Wow. And meanwhile you have cushion with plus 2.2. And I wonder how these crude imports minus 672 and so forth shaped that inventory number. Nonetheless, with that, you should have seen the price drop through the floor. And we haven't seen it at all. Either that or we're getting a bad quote. It looks real. It looks pretty legit. It's ticking, right? Look at that. $55.91 million. We've actually ticked up. So someone had the numbers this morning. We've actually ticked up five pennies. We'll have to check back in. I feel like that's one of them that the market might be laying calm. And if we go over and take a look at the S&P, the S&P got a little pop on that. I don't know if it's exactly that, but simultaneously. It does up 90 at this point. S&P almost flat. Yeah. We hit the low when the transcript was released. They have a spike low at 10 on the dot. Yeah. Now, this is what's pretty cool here, folks. See, this spike low has volume. So to me, that's going to get tested. And we'll see how this shakes out today. But that's saying it wants to get back down to that $29.53. Yeah. And we're $29.69. We're only down to a point right now. Let's go take a look at some of the higher volume equities and see what they're moving around out here in the market in general. Maybe Nike with some action number three. Well, there we go. Yeah. Yeah, Nike's up four. That's accelerating more, too. Yeah, 9207. That's up 489. That's 92.79 or something, man. Just pretty cool. Mammoth, yeah. Advanced micros down 63. The chips got hit yesterday, too. Roco's getting a little bounce up $1.57 about time. Yeah. Apple up 168. Not bad. And you get Slack down 149. Marathon petroleum. That's Elliott's. I was going to say, yeah. On the day that oil is down $1.50. And you get a hedge fund. Yeah. That's going after it. Facebook. So Facebook. I came down yesterday, too. So, yeah, you got a little juice on Facebook, yeah. The story yesterday, right, was people were not even corroborating, but being interviewed by the FTC and so forth when we were in that story. Okay. It was that Monday. I think it was yesterday. Either way, from Monday we're down from 190 to under 179. Yeah. I mean, look at it. Friday, man. We're straight in at 193. We're 179. $14 haircut on Facebook from Friday afternoon to Wednesday morning. I'm telling you, man. That is some volatility, man. Oh, and here. That's because Amazon got hit pretty good yesterday. So if we pull up Amazon, what you're going to see, I believe Amazon actually broke the consolidation it was in. It was going up to the bottom of it. Yeah, it broke it. Okay. Bargains all over the place, man. So Amazon went from 1795 to 1735. You broke the consolidation. Yeah. So this sets up, folks. Okay. Bottom line. Now you can see that. Oh, right there. That baby is sticking out with a sore thumb, man. That could be one day, man. 1672. Right. And just the same illustration, man. From Friday to we're at 1830. You're down almost $100 in the price of Amazon from Friday when we were at the... I know. Yeah. Mammoth. Mammoth numbers, man. Yeah. You go back three months. July 11th. 2000. 2035. 300 bucks on the dot, basically, off them. Right. We got to go to... Every 10 shares of Amazon, you lost $3,000. We got to go to Bitcoin. Bitcoin broke down. Heavy-duty... Is that break down? We're on the air afterwards. Afterwards. I think it was afterwards. Now, watch this, folks. This is a total... This is saying Bitcoin wants to go to $6,000. And I'm just... I'm not even taking the highs. Because when you break a consolidation, price-wise, you can take the bottom of it, which is $9,083, and then I just don't even took up here like $13,000. So that's four off nine. We'll take it to five, even. Five. Yeah. I mean, if you did take... And you take the whole thing... If you took like that area, which we might be able to say is $3,000, that's down to six. Right. And to put it in context, I mean, that's six. That's not all landish. No, no, it's not. You better believe it's in play when you just went from the high of $13,851 to $8,300. Yeah. You know, we've seen it go to... Is this going to bring it all the way back? You can, yes. Yeah. It'll be $19,000. Yeah. So, you know, you've got to keep in mind that we were just trading at $3,500. Right. In February. And you go to $14,000. Right. And let's see. What is... Where do we annotate? Perfect. I wanted to see what kind of retracement this is off of this run. Because it's been a heck of a run, man. So we're just under 50%. Now, 50% was at $85,42. Yeah. Yeah. You know, and if you hunt folks, they sad the addition of the journal. They had a great article on digital money in central banks. Okay. And what the article is about is that, going forward, these central banks are getting their heads wrapped around in a big way right now. I bet. Because of the Facebook deal. Oh, for sure. Because they know Facebook, they'll stop them. If you read this article, there's a million... Well, they have about seven big reasons in there that central bank has to stop them. I agree. I mean... But this was also happening, is that inside of that, you have the head of the U.K. Central Bank, Carney, which is really a smart guy. He had a speech to the United States and everyone else saying, hey, digital is the way that this is going to transfer the doll of being king. The doll has been king, evidently, since World War II, for sure. I think they said since 1920, though, the doll has been king. After World War II, for sure. And he's saying that what's going to happen is that if we got together on a worldly basis, we could spread that out and we could take that control away from the doll. And I just started thinking, I says, oh, my God, you know, the U.S. will fight that hand and fist. Sure. Because that's how all the controls are. Because whoever is controlling, the currency is controlling everything. The default currency of the world, sure. And listen to this number. This is amazing, folks. And this is one of the main reasons we control everything, is that 80% of all trade down all over the world, even if we're from two different countries, are done in dollar terms. Okay, yeah. We're done in dollar. 80%. Yeah. So that's why... It's the default currency world, you know? Commerce. Because if we're, whatever country you are in, and I'm in, you can't trust your own currency, at least you know that... It's the most stable currency. It's the most stable. Yeah, less volatility, most stability. All right, so... That way, you know, I heard you talking about Bitcoin and being able to use it yesterday afternoon, right? And saying, you know, if it moves, if Bitcoin moves quick and you pay for it, you use your Bitcoin to pay for something. Right. You know, you end up, you check it the next day and that if you hadn't used it, you would, basically a cup of coffee cost you $35, right? Right. That's what people don't want to happen. No. If you're relying on a currency, if you're trading it, if you're investing in it. Different market. But that's why the dollar is... I suppose, you know. With that, the dollar's moving out here today. Yeah. It rejected lower price yesterday. Dow. Dow is up 82, Nasdaq's down 11, S&P's are off one and a half, Gold's down 9, 50, Silver's down 13 cents. We'll come right back. If you're in the CD market and looking for a secure investment, the Tiger First Mortgage Program may work for you. The security for these first mortgages are building lots in the Tax Opportunity Zone in St. Petersburg, Florida. The Tax Act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from $30,000 to $75,000. The interest paid is 7% yearly paid on a monthly basis. According to bankrate.com, the best rate for a four-year CD in the country as of February 20th is 3.1%. A $50,000 investment at a normal four-year CD rate of 3.1% would give you income of $1,550 per year, or $6,200 over the four-year period. That same $50,000 investment in the Tiger First Mortgage Program would give you $3,500 per year, or $14,000 over the four years. What should you prefer, $6,200 or $14,000 of interest on your investment? If you'd like more information about the Tiger First Mortgage Program, you can call me at 877-518-9190. That's 877-518-9190. If you haven't checked out the Newsletters page of TFNN.com, what are you waiting for? All of the TFNN Newsletters are informative, up-to-date, affordable, and a must-have for every trader looking to gain a competitive informational edge in today's markets. TFNN Newsletters cover every aspect of the markets to offer you the very latest in market news. Plus, new subscribers get to test-drive our Newsletters risk-free for 30 days. From all aspects of the markets, including stocks, bonds, metals, commodities, and tech, there's a newsletter to fit your needs exclusively from TFNN. Stay informed each day you trade and get the competitive edge that will help you stay ahead of the game. Visit our Newsletters page by going to TFNN.com and click the Newsletters button near the top of the page. TFNN.com Educating investors. Biotech is booming, but for how long? Whether you think the Biotech bull has room to run or has run its course, trade L-A-B-U or L-A-B-D, Directions Daily S&P Biotech three times bull and bear ETFs. Visit DirectionInvestments.com slash Biotech today. An investor should consider the investment objectives, risks, charges, and expenses of the Direction Chairs carefully before investing. The prospectus and summary prospectus contain this and other information about Direction Chairs. To obtain a prospectus or summary prospectus, please contact Direction Chairs at 866-4767523. The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four-Side Fund Services, LLC. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com then hit Watch Tiger TV. That's TFNN.com then hit Watch Tiger TV for the latest market information. Welcome back folks. That was up 93. Nasdaq's down 13. S&Ps are off three. Let's go over to our mam. It's the Teddy Keg status. We do each and every Wednesday at 40 past the hour. You can reach Teddy every trading day folks at 4X-trading-unlock.com. That's 4X-trading-unlock.com. Teddy Keg snack. What's going on, brother? Oh, not too much. Cloudy day in Chicago but we have nice warm weather so it's kind of nice. That's a beautiful thing. No doubt. Well, you know, the weather broke here and I hope it stays this way. I think we have a little heat but at least at night we get some cool temps eventually. We get four or five degrees cooler the last of the five days. This is like heaven to us. Yes. It's boiled right now. I mean, we have like 60 degree weather at night and that's unheard of in September. That is, man. Because we're only getting 70, yeah. Hey, so currencies. Speaking of heat. We are. I mean, you know, you got the Euro 109, the Pounds at 123, the Ends at 107. Where are we going here? Well, right now we have an rallied a dollar index today and I think that's really what's going on today because after we spoke last week we had a night we were talking about how maybe we were coming to an inflection point with some divergence and some currencies and we got that signal. Right now things are reversing gears on a daily basis. Now, I know you like the the Yen. So let's talk about that first. So last week we reversed gears with the Japanese candlestick patterns cell signal and today the market turned back to the upside. So we set a nice low yesterday in the U.S. dollar Yen trade and overall it's been bullish for the past like basically month as we ended the summer. Now, we're heading into the end of the fourth quarter guys. So we have a lot of balancing that's going on and we're on the front of the fourth quarter. So I think right now what we have especially because this week there's really no big numbers. Tomorrow we have US GDP and between now and the close of Friday. Globally there's some speeches and some mediocre or whatever but there's really no economic numbers. The Royal Bank of New Zealand did not cut the rates. That was kind of interesting and I think that's because if you look at what's going on with the U.S. dollar we have currently we have a little rally going on but now we have the impeachment process that's starting for our president. You have in the UK Brexit deal you have parliament that came back and they got back online yesterday. So that's right. We thought that would be the big news for October. Now is that geopolitical geopolitics now are off the table because there's so much uncertainty. So how do you get direction when you have no leadership or question of leadership in the U.S. dollar no leadership or question of leadership or ability to move forward in the UK. The EU is still stalemated because no matter what nothing bodes well for them unless they can come to a deal by October 31st and they don't want to and I think that what we're actually looking at where we can look at the technicals. So I think that today is kind of like a bull trap going on with the U.S. dollar. I'd be very leery of it because you had the U.S. dollar yen that broke after we spoke last week and turned around to the British pound is still lower today even though it's coming off of its lows because of a strong dollar. I think the pound dollar is definitely right now going to continue to be a bear for a little bit and it's because we don't know if this is going to go on any longer. So you're getting a little lift I think in the dollar because of this so it's because of any real strength of numbers of the economy it's just kind of like a rebalancing because of this geopolitical upheaval that's going on. Hey, Teddy when you look at the yen right so the high of the yen And then so do you look at that, that we would have to get over the 10780 in order to basically say, go back to the highs. I know this, I'm getting in minutiae here, but I'm just curious in general, do you know what I mean? No, actually, you give it a good number because I have 10775 and 108 quarter as two key prices, if you will. So and definitely if we're back above, if we can sustain a trade above that 10775, that means that we probably, now remember, we're in an uptrend for the past month. Yes, yeah. We've just been back for the past couple of sessions. So if this is a corrective move, meaning we're looking for another bullish opportunity to buy into, today may be that day. And that means that we're probably gonna start to get above that first strike, okay? And then look for a challenge of 108 quarter. And if we get above 108 quarter, well, then we're looking to make higher move highs. That means that this level was just, because this was a shallow retracement too, right? Now I can see that. Yes, yes. So this is crucial actually where we are today because, you know, what happened not yesterday, but the day before that, the yen, no, I guess it was yesterday. I mean, that yen sold off hard yesterday. When we were old. Yes, it's been. It counted those new lows, absolutely. Right, okay, okay. Now this could be a trap now. Now remember. No, I'm with you. That's my, yeah. It's pretty cool how it's set up actually, yeah. Right, so all your weak shorts, I think they're going to panic right at that 108 quarter, you know, and all of your weak longs are going to start to jump in now with this. If they're bullish looking for higher move highs, but if they fail and we come back and take out yesterday's low, well, then that's a whole, well then everything's off the table. And I think that the major trend, which is still down for the US dollar yen, we might be heading into fourth quarter where the big trend is going to say, hey, the bear is back. Yes. And this, as you said at the beginning, this is where the funding aspect that everything comes in at the end of the quarter too. You know what I mean? Right, right. And we had the BoJ met last week and they did nothing. Right. So, you know, and that's a big deal because now the BoJ did nothing. The Royal Bank of New Zealand did nothing this week. And by November, they were supposed to cut the rates three times and they've only done it once. You know, so that's a big deal. Well, when we look at the euro, I mean this euro, what is it going to take for this euro to get out? I mean, it looks like it just wants to go lower and lower, right? Right. Absolutely. Well, I think that we're coming into that critical support area of 109.5 down to 108.5. Yeah. No matter what, no matter how bad the economy is, bombs going off, oil, I don't care. You know, we've seen this bad movie before. It just seems to bounce all the time. Yeah. You're right. But there's also no reason to be a bull. I think that the Brexit is a drag going into October 31st. And if you look at the ranges, the euro has been a tough trade all summer long. I mean, it's been, you know, a half a, I've been trading the euro since the, with the D-Mart tour became the euro, you know? Okay. And a slow day, whether it's busy times, bad times, whatever, you're looking at a 60, 70 pit range usually on any given day. I mean, you're lucky with all kinds of major news, pound yen or swimming and making new highs and new lows and the euro is sitting there in a 45 pit range. Even if it's a top, a low or higher high a little bit on a couple of daily basis, it doesn't do anything. There's, I mean, it's an ugly trade. It's one of my favorite markets to trade. And I've had the toughest time trading it for months. I just wait for signals like we had last week, which there have been, you know, only a few over the course of the past few months. And what Teddy's saying there, the reason folks is that when you have a much smaller spread, you know, guess what? You know, you're trying to get close to the top, trace to the bottom while feeling at 45 ticks, man. I mean, it's a problem. You know what I mean? Yeah, your risk-reward ratio is out the window. Right. Yeah. I mean, the exchanges in the brokerage houses are happy because they're making money no matter what. Bucky always gets paid. Right, the spread, oh my God. Sometimes, Tommy has a percentage on the spread sometimes that's like insane. Yes. When you really do the numbers, it's like, oh my God. Yeah. You know, would you buy it at that price? Would you sell it? They make both. Yeah, exactly. Folks, you can reach Teddy every trading day with 4X, that's trading.com and 4X, that's trading.com. Teddy, have a great week, safe week. We look forward to speaking the next Wednesday. Take care, guys. See you next week. Thanks, Teddy. Stay right there, folks. I'm sure you are or strive to be one of the best of the best at everything you do in life. It's the most common trade that we tigers and tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastering Probability. And for the last 12 months, Timer Digest has been tracking my newsletter signals, which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, six and three months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is, markets can be timed. And I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls too. Sign up today. If you're a trader in the market looking for exposure to gold or gold mining equities then now is a perfect time to sign up for Tom O'Brien's Gold Report. The summer is over, gold is trading back above $1,500 and the 10-year treasury is hovering at around 1.5%. Tom O'Brien has been writing his weekly gold report for almost 18 years. There's no one that knows more about how the gold market trades and how gold mining equities react. New subscribers get a 30-day money back guarantee so you have nothing to lose. Every Monday morning, Tom publishes his weekly gold report with coverage of gold, silver, bonds, the XAU, HUI, GDX, the dollar, as well as more than 30 different mining equities. As of September 3rd, Gold Report subscribers have five active open positions with an average unrealized profit of almost 38% for each position. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up today by visiting tfnn.com. Since 1984, Basil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion, while originally hand drawing charts from the late 1970s into the 1980s, Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basil found that computer software, which included the standard market technical indicators, enhanced the degree of accuracy in calling price turns, as well as market trend calls. Thus was born the Chapman Wave sequence. Using the Chapman Wave methodology along with other indicators, Basil Chapman advises his subscribers of his expert market opinion, each market day with his opening call newsletter. Right now you can get a two week free trial to the opening call, Basil's daily trading newsletter by visiting the front page of tfnn.com. Cancel at any time during that trial and pay absolutely nothing. Get your two week free trial to Basil's newsletter of the opening call today by visiting tfnn.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com. Folks, Dow, check it out. What's going on? Up a buck, 67, 167, Nasdaq, up seven S&Ps, up five, and gold's down $17. Quite a pop, man. And just checking back on oil, actually getting a little bit of a pop, up $56.20 right now, which is remarkable. Two million plus build. Right. And the estimate was a decline of about 600,000 barrels and oil trades to 56.20, about 40 cents about from where we were trading at. But yeah, checking out those indices, man. Green across the board and gold pulling back pretty remarkable. No doubt. Can I just jump to the metals? Because gold, I'm sure silver's reacting in the same. Doll is up 603 ticks. And we got some action and rates as well, I'm sure. So you got gold, silver pulling back, same deal. And let's pull up a chart of that. And you can expect this all to continue all day, folks. That's the bottom line. These are news-driven events. The news out here was that Trump just said that you could expect a deal sooner rather than later be surprised in China. Believe that, folks, and good luck here. That's going to be going on for a long period of time. Sure. Yeah, here, Trump says China deal could happen sooner than you think. What number are we looking at, if you're... That's all that's... Ah, okay. Yeah. There we go. Yeah. Nice pop, though. That'll do it. That'll do it. This is a very tough market if you're trading as those S&Ps. Well, it's... You can't... No matter how good of a trader you are, you don't know when the next tweet, when the next impeachment announcement, when the next... When you're going up or down one of the 20 points of the pop. Meaning, you know... Oh, and I say you can't predict the news, right? But what you can do is you can say that volatility maybe isn't priced into the market. And let's finish it up with the VIX real quick, because the VIX will be getting a little spike, 1845 this morning, the market pricing correctly. That guess what? We're not sure either what the heck is about to happen. Right, no doubt. Stay right there, folks. I think it's going to come out next on Basil Trapman. Steve Rose, Dave White, I'll be back this afternoon. Thanks, guys. Thanks, man. Yeah! Go get them, folks.