 The following is a presentation of TFNN. The morning market kickoff with your host, Tommy O'Brien. Good Tuesday morning, everybody. I'm Tommy O'Brien, company alive from TFNN. Just after 9 a.m. Eastern time, we got about 24 minutes to go until the start of trading. We got some earnings out for Lowe's and Macy's, both of those companies trading lower already in the pre-market. We kick things off with markets in the green with the S&Ps up by five points right now, trading at 5,085. We're about 10 points off of the Lowe's that you made last night. NASDAQ 100, we're up by 42 points, 18,018. Dow, only major index currently in the red right now. You're negative by 31 points, 39,083. And how about the Russell? Catching a bid up by 910s percent, 18 points in the positive at 2,050. Speaking of catching a bid, Bitcoin. From 52,000 to 57,5 in the last, what is that, 24 hours, man? It has been a one-way rocket ship, Bitcoin. Up by a couple thousand bucks. Yeah, yeah. That's in the last 24 hours, man. I had to recalibrate. You're talking about nine o'clock yesterday. We had a 51,000 handle. We just hit a 58,000 handle. These are 15-minute bars on Bitcoin. You're up by 4%. Take a longer-term picture on Bitcoin, man. Seven o'clock conversation with Robert from Kansas City. I think that was Friday. Boy, quite the acceleration. One of the things we were talking about was saying, man, maybe that was the exhaustion pullback. You got the Bitcoin ETFs, the spot ETFs approved on January 11th. You had a pullback for a period of 12 days. And since then, you've traded from 38,000 up to 58,000 in Bitcoin. Remarkable. Crude continued volatility. You had a little bit of a pullback in crude to 7720, but check it out, man. We were up about a dollar from the lows of about 7 a.m. We're back above $78. We've been talking about $78 in crude. Look where we're pumping up against, man. Critical area for that crude contract just above $78. You hit a high of 7929 back in January. Since then, though, we've just been chopping around. You're talking about basically two full weeks. February 13th was when we had the bar that went to 7847. We're sitting at 7807 right now for the price of crude. You jumped to gold up by $5 at 2044 right now for the gold contract. We got some action in notes and bonds. You had a little bit of higher price and lower yield. That's backed off a bit. We are still up by about two ticks right now in the 10-year. And you jump over, that's gonna put you to a yield of about 4.29%. The yield on the 10-year right now, you jump over to the dollar index, the DXY, backing off a bit. So what have we seen? We've seen a little bit of lower yield. We've seen a little bit of weaker dollar. That, of course, putting a little bit of a bid in the gold contract. We're at 2045. We were almost up to 2050. We hit 2053 on Friday. Take a look at the gold contract. February 14th, 13 days ago, we hit 1996. Since then, we're up almost $50 at 2044. Yields, currencies, the dollar in particular, gold in particular, all of them. Moving as you may expect, we jump over to the dollar yen right now. Dollar yen, 150.29. Put it on a short-term timeframe. Quite a little pullback from where we were just yesterday. 150.83, and just like that, we hit 150.11, and then you just spike to an area of 150.15. On the dollar yen, we jump over to the VIX, volatility index continuing to drop at 13.61 right now. All right, we mentioned Macy's and Lowe's with their numbers, Macy's. You're gonna drop about 50 cents, not a huge move. You see the volatility on their numbers at 7 a.m. this morning, up to 2060, down to 1775. We're trading right now at 1930. You jump over to Lowe's. A little bit of a pullback there as well. You're down about $8 on Lowe's. You spike to 239. You back off that conference call just beginning as I came on the air at 9 a.m. Eastern Time Lowe's right now, down about $4. And we jump around, we'll kick it off with those two equities, Macy's. Another quarter of falling sales unveils the strategy to get back to growth. Sales fell nearly 2% in the holiday quarter. Forecast another year of stagnant sales. It's a tough one, man. Earnings though, 245 versus $1.96. Revenue is a miss there though. You can't keep growing earnings if you keep dropping in revenue, right? Eventually that reaches the tipping point that you can't just cut to make more money on less revenue on the top line. You can't take it to the bottom line if it's not growing on the top line. Net sales, 22.2 to 22.9, down from 23.09 billion for the entire of 2023. Com sales, decline of 1.5% to again 1%, 1.5%. So basically they're gonna expect flat to plus or minus 1.5%. And yeah, they plan to close about 150 unproductive locations, prioritize investing in about 350 other namesake locations. They got a tough go around, man. You jump over to Macy's. Take a look at the longer-term picture. There's your three-year weekly. Let's back it up even further than that to get a real illustration of this company. You reach a high of 73.61 in July of 2015. We'll call that the heyday of malls. Yeah, and then you drop to $4, man. Now remember, you came into COVID in deep despair already, okay? 40 bucks in August of 2018 to Macy shares trading at $12 in February of 2020. COVID hits, you drop to $4 and change. You run up with everything in this market up to $37.95 towards the end of 2021, but be careful in Macy's, man, okay? You just take a look at this thing. Watch this. Let's look at this earlier. This is a monthly, but let's back things up on a three-year weekly. You get the spike high at $37.95, but even taking a couple of weeks out of that bar, out of that chart, you're talking about lower lows and lower highs, folks, across the board, you know, where this exactly falls, but you see how these all line up there. You're sitting in 1930. You're gonna drop yet again. They have declining revenue, and how do you compete in that business going forward, especially if you have overhead to a certain degree, which they do, like every company. Very difficult. We jump to lowest, speaking of difficult, man, loads. They're gonna drop about four bucks. No huge dramatic move. You're talking about only what? 1.5% on the open, basically. You jump over to the Analyze tab, and you're talking about an $8 move priced in to their earnings. Okay, so you're only gonna get a $4 move. Pretty marginal move for lows. You see the chop around. You see the acceleration this thing had during COVID from 72 bucks up to 263. We've backed off a bit. You did hit the 3A2 twice. You hit that area back in the lows of 2022, and you see on a monthly basis, right? You kind of chopped around. You hit a low of 170, okay? The 3A2 is 184, but you see how those weeks kind of built? Where do we just test back in October? That same area, the 3A2. And maybe you get one more test. If those is really having some problems here, a lot of that's gonna be determined and in terms of interest rates, housing prices, the ability to access that capital. So difficult right now with people, if you're in thinking about doing any type of home renovation, right? To access that capital as opposed to a refinance, not really an option for a lot of people when you're refinancing at a much higher rate. If that ever gets back to an area where people can begin to refinance, watch out for those equities. But we probably got a good year or so with where we are right now in terms of seeing that type of interest rate. You take a look at the longer term, S&Ps, sitting right now at 5,085. We reach a high of 5,123, that high. Made on Friday of last week, trailed off a bit. We got S&Ps up by five to kick things off though. Stay tuned, folks. We'll be coming back. We'll talk a little bit of interest rates. We'll talk a little bit of Fed. We'll take a look at some other equities moving this morning. We'll take a look at durable goods and Boeing, the outsized impact it has as Boeing, continuing to struggle to sell planes, impacting economic data to a dramatic degree. We'll be right back, folks. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com. TFNN, educating investors. Everything in the universe is governed by the Fibonacci Sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. 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Kevin Hinks, this market, hanging tough near 5,100. Good morning. Good morning, I'm here, Brian. Yeah, it's been fair in our ability to ignore yields that are creeping higher. A two-year note yield touched 4.7% yesterday. The 10-year yield sitting here just below 4.3%. We got a seven-year note auction today that will get the effects of about one PM Eastern time. So we'll see what that does. We had durable goods orders that came in as a little weaker than expected, but we knew they were gonna be down today because of Boeing's, frankly, inability to sell planes right now. So they came in down 6.1% X-transportation down .3. Core capital goods up a tenth of a percent. So a little bit weaker on durable goods. But like I said, we were getting ready for a big down number there because of the issues with Boeing and transportation in general. The K-Shiller and FHFA house price index. Euro-reviewed the K-Shillers, 0.1% higher in house prices. FHFA, 6.7% higher. Both of those slightly higher than expected, Tommy. So house prices are staying firm. We'll get some consumer competence here at 10 o'clock Eastern and some Richmond Fed. We'll see if that moves the market. Oh, but right now, Tommy, this market is really looking forward to Thursday's infallibility number and I think that's the next big calendar. Yeah, you almost, I appreciate that wrap up, man. A lot of great information. Pretty remarkable, as you talked about. Yields on the rise a little bit and the market, man. 5,100, but earnings driving this market in dramatic fashion. The base season lows a little bit lower today, but no real dramatic pullback. I think I had lows, what, $4? The expected move in the thinkorswim platform, about $8. And you mentioned it, man. We march forward to Thursday's numbers, talking about PCE, the Fed's preferred inflation gauge. The next meeting, March 20th, almost three, well, three, just about three weeks out from where we are right now. Any expectations on that number, Kevin, or where we go towards, it's gonna come in maybe potentially a little bit hot. The expectations, 0.4% for the headline and the core on a monthly basis, but that's the expectation. Any thoughts on the PCE Thursday morning? Yeah, when you look at those numbers and some of the consensus numbers, the month over month are all higher, but the year over year are all expected to be slightly lower. Now, the expectations were lower for wages and CPI and PPI, and they all came in higher. So yeah, I'm watching for, if these lower number on year over year, if they come in, Tommy, the market will like that if they do. Especially in core PCE, but the problem is they haven't been delivering on that. And the last, remember, there's four looks at inflation in a month. Wages, which we'll get next Friday, CPI, PPI that we just got, and then PCE, part of the incoming outlay data. So this will be the fourth one. Let's see if it's higher as well. And it's pretty interesting, as you say, man, that we get wages, we get jobs. It just marches that quickly. Next Friday, we get to do it all again as we get March 1st, coming at you on Friday this week, which is remarkable, we'll be in March already. With that in mind, as I mentioned, we get some companies already out with numbers. I know we got companies still this week, they got some good names out there. Do you guys have any equities you're talking about on fast market coming up at 12 today, Kevin? Yeah, ahead of a big day tomorrow where we got some big names. We'll look at eBay. Likefully, we'll do presentation at eBay, look at TJS. And then right now we're trying to figure out what the best third one is to do. So we'll see on that one, but two of the names, TJX and eBay today. Look at that TJX chart, man. My goodness, I put it on a three-year weekly. It's a one-way trip almost to higher prices. I chop around 53 bucks back in the middle last 2022 to 99, then you back it up on a monthly. My goodness, it really does look like a one-way trip. And then eBay, struggling a bit, chopping around. Kevin, I appreciate the time. As always, man, on a busy morning, we look forward to watching Fast Market at 12 today and I look forward to talking to you tomorrow morning, man. Yeah, tell me, have a great day. Always a pleasure. Folks, check it out. You heard it, they're talking two-grade stocks. They'll pick a third. They always cover three. They set up those hypothetical trades. The best way to learn, man, watch them set up the trades. They manage those trades, whether it's rolling, all of them have defined risk, folks. And even if you don't plan on being some kind of multi-leg options trader, right, you can learn a tremendous amount in terms of how the market is pricing equities by understanding options. That's why I encourage you to learn that information. Even if you don't want to trade options, you can learn a tremendous amount about the market by understanding what is priced into options in terms of volatility, premium, delta, all of that stuff. Very important, even if you're just trading the equities that underlie those options that they are trading. Look at that chart for TJX, man, right? Check out the long-term chart. I mean, what are we talking about there? We're talking about a 25-bagger almost from 2009, let alone the volatility that these things have had from the lows, but it was on a one-way trip already. And then eBay, yeah, a little bit of a different story. eBay, back to where you were in about 2018 prices and premium rockable, when you look at it from 2004, you're at 25 bucks, you're only sitting at 43. Nonetheless, they've been shopping around for a couple of years. Maybe somebody in the den can help me out. Does anybody in the den still use eBay? I know our man, producer Al, loves eBay. And you can still find some stuff on there, but I wonder where that niche is, because I'm not in that niche for eBay. In terms of where is that niche that they represent the area that you go to versus an Amazon, a Google shopping, a Walmart, a Target, I know it's pre-owned, et cetera. But I feel like Facebook Marketplace to that degree is a huge area that competes with them. I've sold things on Facebook Marketplace myself. Pretty simple to do. If you haven't tried it, folks, you've got some stuff in the household you wanna sell. I am no Facebook champion in terms of championing that company in Zuckerberg, but the stock price don't lie, as they say. And the Marketplace is just one small caveat, but I've sold many things. As Tommy's gotten older, old strollers, put them up for sale, somebody just comes, picks them up, easy enough, stuff like that. So where does eBay fall in there if many people, he used to buy stuff. I mean, I know it still serves it, but nonetheless, eBay, they'll be covering it along with TJX and one other equity coming up on Fast Market at 12 today with our man, Kevin Hates. And yeah, let's jump back to a little Fed discussion, man. So Kevin was talking about it. We get some pretty important inflation data. It is pretty interesting. I didn't even realize it's creeping that quickly. Next Friday is March 8th, man, which is when we get non-farm payrolls and then you're talking about a week and a half from then as the next Fed meet, okay? Now you jump over in terms of this article, okay? This is from Bloomberg out early this morning. Fed rate cuts are likely to be slow, but not necessarily steady, okay? In the 1995 soft landing, the Fed cut then held for three meetings. So it's interesting to think about how they're gonna do this, okay? Because what do they have right now? Markets thinking about June is when they're gonna be in cutting. And it is gonna be interesting what their strategy is in terms of one and done for a while. Are they going every other meeting? It's gonna matter how quickly they go one cut and then from there. And it's interesting that that's the conversation though right now. That is potentially the conversation right now. A cut is gonna be coming. Anything can change with the data, but then what do they do after the first one? We'll finish it up, we'll take a look at that article. We'll talk about some other equities, folks. Stay tuned, we'll be right back with the open. Are you ready to take charge of your financial future? TFNN is your gateway to the world of trading and investing. Whether you're starting out or scaling up, TFNN empowers traders and investors of all skill levels with top-notch investing systems, strategies, and techniques. It's time to protect and grow your money with insight you can trust. Join us live Monday through Friday during market hours for exclusive content that moves with the markets. At TFNN, we bring the trading floor to you. Our seasoned hosts are here to answer your calls and questions live on the air. Check out the Tiger's Den for just $1 and follow us on YouTube and become part of our vibrant community. And remember, at TFNN, we're so confident in the value we provide that we are for a 30-day money-back guarantee on all new premium newsletter subscriptions and services. You have absolutely nothing to risk, so why wait? Tune in live to Tiger TV and transform your trading journey because when you know better, you invest better. Join us and experience the difference today. TFNN, educating investors. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex Report. 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Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to TFNN.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. Market Insights comes with a 30-day money-back guarantee for all new subscribers, so you have nothing to risk. Don't miss out on this opportunity to revolutionize your trading game. Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter, Market Insights firsthand. TFNN, educating investors. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Welcome back, folks. We've got markets open. You're looking at an S&P positive by four points, trading at $5,084, NASDAQ 100 positive by 25, the Dow slightly in the red by 48 points, hanging on to $39,070 right now. Listen, S&P, all things considered. Okay, back things up. You put things on a three-year weekly. We were talking about this A to B, C to D. Doesn't mean you can't power ahead of it, but right now, man, thinking maybe a little bit of a consolidation to potentially a slight pullback. We'll see. Our man, Tim Orr, it's gonna be on the Tom O'Brien show with my dad this afternoon, okay? And I did the program on Thursday for my dad. It was interesting talking to Tim in terms of the strength in this market, the potential for a slight pullback hesitation, but in the grand scheme of things. So if you're talking about a run, there was 1,000 points from where we were in October. And that correlates exactly to the run that you had from the lows of October of last year, 3,600 up to 4,600. You do basically a 50% retracement from those lows right to that price level, depending on where you pick, okay? I took the bodies, you could take the candle, you take the candle, it almost lines up exactly at 50% in terms of that retracement. Nonetheless, you pull back to near 50%, and boom, you skyrocket another 1,000 points. Okay, the market needs to breathe a little bit. The market has two consecutive 1,000 point rallies over a period of the last 16 months. And over that time, it is up now from 3,500 to 5,100, which is a 45.7% acceleration. I'm ballparking numbers, okay? That's 1,600 point acceleration up to 5,100 off of 3,500. And the reason why that's very important as well is that's not cherry picking some COVID low to show you how volatile things are. That's just taking the low of 3,500 when you could make the legitimate case that in October of 2022, you're trading at 3,500. Yes, you're cherry picking that low, okay? But you came into COVID folks at a price level of 3,200. You still were at a price level of about 3,500. So you were up about 9% over a period of just over two years in the market when you came into COVID, and then you have consecutive 1,000 point runs in the market totaling 45.7% over a period of 14 to 16 months. Now, I'm talking about a digestion, a potential consolidation area, okay? And we are very early in the stages of AI and I think NVIDIA approved that to put it lightly. But you have to realize the context of where we currently sit in terms of the acceleration that we've had two consecutive 1,000 point runs since October of 2022. NVIDIA shares, you're up another $2 this morning. Hang a tough man right near 800. Remember, 800 is what puts that thing right at 2 trillion. Nice easy round numbers. For NVIDIA, you jump around to some of the other equities, Amazon shares. Down about 2.10% right now, Apple shares, basically flat, 181.19. Jump over to Google, up about 2.10%. Tesla shares this morning, catching a slight bit up by $4 or 2% to the upside, 20351. We jump over to Meta, they catch a bit, up by half a percent from Meta. You jump over to Boeing, and yeah, those durable goods, pretty remarkable how Boeing just drives so much of the action in the durable goods would make sense with the type of value that they're talking about, whether you sell plans or you don't. You check out Boeing shares. You know, the one case you can make is that you're back to this area that was support for a pretty predominant part of the beginning of last year at $200. Maybe you set your stop right below then. Nothing to say this thing doesn't come down to the October 23rd low. Markets are sitting at all-time highs. And think about the S&P came into 2021, folks, at 4,800. We're up almost another $300 in the S&P, okay? Which is a rise of about six and a quarter percent from where we kicked off the year, 4,800 to 5,100, 300 point acceleration on a 4,800 point index, okay? In that same time you've had Boeing drop from 260 to 200, okay? Even as the market has drifted even higher, giving back almost the entirety of the gains that we've had since that October run. But nonetheless, you're back a little bit against the wall. But yeah, there's a real problem with the brand, man. I was listening to Bloomberg earlier this morning and there's no way I'm gonna book a flight without finding out if I'm on that Boeing 737 MAX. I was looking at the airlines that it's on. I think it's United, Southwest. Maybe somebody else can help me out. There's four airlines. I'll find them, folks. I'll find them and I'll let you know by the end of the program so you can keep your eye on it as well. But how remarkable is it that the tide had shifted? Now, Jonathan Farrow's on there saying he doesn't pay attention. So everybody's not paying attention yet, okay? It's not that I'm paying attention though but I never thought that you'd actually look at an airline ticket, look at a flight that you were thinking about booking to determine what kind of airplane that you'd be flying to try and make a calculation of whether it's worth it safety-wise to fly that airline for the price you're looking at. And that's actually where things are which is a remarkable testament to the brand destruction that they've had and it all has to do with quality. And you can't be thinking about quality when you're on an airplane and somehow that's where we find ourselves. And you're seeing it hit on durable goods this morning. All right, we get a little bit of a pullback on the open right now. S&Ps barely positive by one. Dow right now dropping a bit. We lose 39,000, we're at 38,995. Bitcoin currently trading up $2,500 at $57,855 right now. You jump over to Ethereum up 76 bucks. That's 2.4% to the upside 3315. We check in on crude. Crude catches a bit to 7815. We're at 75.84 as of yesterday. Now, jump around to some of the articles here in terms of crude. I mean, this one. How does this article even get written by CNBC, man? Oil prices fall as Biden signals Gaza ceasefire as possible by next Monday. Okay, I saw the clip. He signals possible, anything is possible. And he's saying his national security advisors are saying they're close. He's hoping for a ceasefire by the end of the weekend. Those words do matter. But oil prices fall. I think this was last night, right? Pretty sure that clip was from last night. Yeah, he told reporters in New York City, I'm pretty sure he was eating ice cream. The president said there's been an agreement by the Israelis that they would not engage in activities during Ramadan as well in order to give us time to get all the hostages out. But then you have Hamas officials downplaying those hopes for a ceasefire. But I mean, where is the pullback in crude? Right, pay attention to these, man. You talk about short-lived in terms of that one. Crude, up another 56 cents. We're pushing $78 right now. Keep your eye on that upper boundary, man. Cause we break that upper boundary, where are you going? You're probably going to 90 bucks. You break 80, you're going to 90. That was the high back there in September of 2023, 91.88. And there is nothing in the way of crude getting up to that price level. I don't know why it's gonna do it, but it seems like it wants it, man. As it's pushing higher prices, even in the face of potentially a ceasefire with the Middle East war going on between Israel and Palestine and Hamas, I should say. Yeah, I don't see any pullback though, as we got markets dipping a bit. And where that really gets complex is how the conversation begins to shift if we start getting higher energy prices built into the inflation numbers. Because at a time when we've had headline numbers for inflation sinking helped dramatically by the price of crude, okay? Core has been sticky. Look at our benchmarks for the price of crude, folks. Okay, crude was under $80 for all of last year up until about August to September. You start pushing higher crude prices above 80 bucks that comps now into the headline inflation number. That is gonna drag down discretionary income. Stay tuned, folks, we'll be right back. Are you ready to take charge of your financial future? TFNN is your gateway to the world of trading and investing. Whether you're starting out or scaling up, TFNN empowers traders and investors of all skill levels with top-notch investing systems, strategies, and techniques. It's time to protect and grow your money with insight you can trust. Join us live Monday through Friday during market hours for exclusive content that moves with the markets. At TFNN, we bring the trading floor to you. Our seasoned hosts are here to answer your calls and questions live on the air. Check out the Tiger's Den for just $1 and follow us on YouTube and become part of our vibrant community. And remember, at TFNN, we're so confident in the value we provide that we offer a 30-day money-back guarantee on all new premium newsletter subscriptions and services. You have absolutely nothing to risk, so why wait? 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four-Side Fund Services, LLC. This program is brought to you by Vistagold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back, folks. We have markets now slipping into the red, S&Ps off by three, NASDAQ 100, dips to negative by 25, Dow off by 115 points right now. How about the Russell, though, hanging on to gains by 20? How about Viking Therapeutic? Well, Macy's, let's check how Macy's and Lowe's are doing actually in the open. I was gonna say that they were trading lower, but not so much, man. The market likes that one. They're up by a dollar, they're up by 5.5% after dipping a bit lower. Looks like the plan for revitalization, the market may be hip too. You jump over to Lowe's, and they get a rebound as well. Look at that, Macy's and Lowe's straight higher after dipping lower on some weak numbers. Not bad. Now, jumping back to Viking Therapeutics, is it VKTX? VKTX is their symbol. Weight loss drugs, the new Holy Grail. Viking Therapeutics up by 80.5%. You back it up on the daily, it's been quite a run, man. What, from eight bucks on their last earnings go-around? Excuse me, two seasons ago in October with the market low at eight, you're gonna open at, we'll call it $70. Look at that gap from 40 to 69. We put it back to the short-term timeframe. There's your acceleration on their numbers. And yeah, it's pretty decent results, man. In terms of the trial followed 170 patients with obesity, some of whom received different dose sizes of the injectable drug or placebo. Those who received weekly doses of treatment lost. And this is where I was like, up to. What is up to? Up to, yeah, okay, that could be up to. Everybody could lose nothing, and then one person could lose up 14.7. I'm sure, I'm hopeful that's not a misrepresentation of the data, right? You can see how certain small words can change the meaning of details. But nonetheless, 13 weeks, you're losing 15% of your body fat. Folks, if you just weigh 200 pounds, that's a 30 pound weight loss. And most people in this are probably gonna be weighing more than 200 pounds. You go to 300 pounds and you're talking about a 45 pound weight loss over a period of three weeks, percentage wise, up to 88% of patients who received the drug, known as VK2735, achieved at least 10% weight loss. Okay, and again though, up to 80, I know it's all verbiage in the interest of trials and how they cite those numbers, but it was just 4% of those who did not receive the treatment. They're in pretty substantial numbers. You're only talking about a trial of 170 people, okay? Notably, there was no evidence of a plateau in weight reduction at week 13 for any dose of the drug, suggesting that further weight loss might be achieved by keeping patients on the treatment longer. I'm sure they like to hear that as they get to keep pushing out product. The drug demonstrated encouraging safety in patients following a 13 week trial period. They appeared to tolerate it well. The full phase to data are gonna be presented at medical conferences, plans to meet with the FDA to discuss further steps. Obviously, but yeah, and pretty remarkable, man, how all these drugs are coming about right now. You do give back some of those gains, but you're still up by 70% folks, 65, 10. Pretty strong numbers, only 170 people, but yeah, pretty strong numbers to say the least. Jumping back to what we were talking about earlier in the program, talking about the Fed and the potential, where they go from the first potential cut. There's a saying about how the Fed manages interest rates, they go up the escalator and down the elevator. This time though, it might not be the case. Now we don't know though, right? Something can always break. We've seen it happen pretty closely once. Commercial real estate has been talked about for some time right now. And we are approaching the point that cuts will probably be appropriate, even from the Fed's stance, okay? How patient can they be with this data? I mean, we have credit card balances approaching levels that are well off the lows that we've seen, delinquencies rising to that degree as well. But the fundamentals of this cutting cycle also look a lot different. The Fed typically lowers interest rates in response, but nonetheless, the US economy is resilient. 3.7% unemployment rate. The thing that you wanna consider, which is why I wanted to get to this article is that the Fed wants to eventually be at the natural rate, the neutral rate, okay? That does not inspire growth or pullback. It's just the natural, neutral rate that allows the economy to grow at a healthy, yearly growth rate that does not overheat or under heat. And that is the true mandate for the Federal Reserve, right? Full employment and price stability. Those are the two. We have 3.7% unemployment rate right now, so there's your full employment. So their attention must shift to price stability, which is what the chairman said many times. But you also have to consider how high they are, okay? Check out this chart in terms of where we are on these interest rates, man. These highs have not lasted for long, going back to basically the 80s. And yes, the data's been persistent, but we're approaching the level that we're not at 80s inflation right now, okay? We are at inflation that's hotter than we're comfortable with, but we're not at 80s inflation. And you see how quickly the slide has been most of the time. You see how quickly the rise was this time around. And it's one thing you're gonna have to calculate. The cuts are coming, okay? But you wanna consider how quickly they're gonna come because inflation is still persistent. And I think that CPI gave us all a lesson that they're not gonna march down by a percentage to two full percentage points to bring the number back to 3.5%. They're right now at 5.5%. That gives them plenty of room to bring that number maybe back to five, maybe 4.75, maybe 4.5, where they can feel pretty confident that they're still restrictive in terms of where they are versus the neutral rate. But you start getting back to four, 3.7. If you're dealing with inflation at 3.5, 3.7, and four, and you're only sitting at that same level, you might not be as restrictive as you wanna be. So there is room here, but how quickly are they gonna bring that down? That's where we find out. And that's only if things persist in a healthy manner, let alone if you really get some stress, that's where things could potentially ramp up to the downside. But right now it doesn't seem like that's the case, man. If anything inflation seems to be the worry, as the economy seems, it's pretty healthy, man, with the market sitting at 5,100. You jump around to some of the other fang stocks. Apple gives it back on the open down about 4.10%. Sales force is out with their numbers. Think it is Wednesday that they're out with their numbers. Sales force, quite a run for sales force. Back it up on the three-year weekly, man, you get it all back from the highs basically from 3.11, down to 1.26, you're back to near 300. For sales force, excuse me, down 1% right now, you jump over to meta shares, up about 3.10. We take a look at some of the streamers, Netflix shares, up about 8.10% right now. Disney up half a percent right now. It's the market slightly in the red. You jump over to Warner Brothers Discovery. Yeah, that's a tough one, man. Down about 6.10% right near all-time lows for Warner Brothers Discovery. You jump over to Paramount shares. Pretty similar story, man. At 11.08, all-time lows, 10.51, late last year for Paramount. We jump over to Boeing shares. Sitting at about 231. We take a look at Home Depot. As low as trading a little bit higher in the pre-market, Home Depot, excuse me, on the open, lows up about half a percent right now, excuse me, Home Depot. And low is up by 1.6% right now, as they catch an acceleration. We check in on Macy's with their numbers this morning as well, bumping up against that line that I put, and that's basically taken the consolidation area you had back here in the beginning of 2022. You touch the highs. And again, I like to use a little bit almost like linear regression, okay? Where that exactly falls, but you can see no matter where you fall in those highs from 2022, and then you kind of take the area that you were at in terms of the highs of late 2022, the consolidation area in 2023, that somewhat correlates to the highs we had at the end of 2023. We're right back at that area. And they have a turnaround plan that's necessary. Find out if it works. Stay tuned, folks. One more segment. Don't go away. We'll be right back. The Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly gold report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money-back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the Opening Call newsletter at TFNN.com. The Opening Call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the Opening Call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com Educating Investors The reality is that navigating financial markets can be risky. Markets can be chaotic and difficult to understand. Having the latest market advice can help you turn this chaos into a key for creating winning trades. At TFNN, we understand that it can be hard to find reliable market news. That's why each of our market experts offers their very own market newsletter. A must-have tool for every trader out there striving to find an edge in today's markets, TFNN newsletters cover every aspect of the markets so you can analyze the market before you trade. Try any of our great newsletters risk-free with our 30-day money-back guarantee. Just visit the Newsletters tab on the front page of TFNN.com. TFNN Educating Investors Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Welcome back, folks. We have the S&Ps down by one. NASDAQ 100 up by two. Dow in the red right now by about 3-tenths percent or 124 points in the red off by about 3-tenths. 38,992 in the Russell hold on to gains by about 8-tenths percent. You were all the way up to 2058 in the Russell. Quite an acceleration. You jump over to some other equities with some action this morning. Zoom. You were zooming a lot higher. This company, man. It is a tough one, folks. Even on a day when you're up 5.6 percent, you're up $3.57 right now to 66.65. They beat on the top and the bottom lines. Growth would have been faster if not for a sales reorganization. That's what they said. They were up by 13 percent though, okay? Earnings above 22 versus above 15. Revenue 1.15 versus 1.13. I saw somewhere I think they have a $1.5-billion buyback which replaces the $1 billion buyback that they had in place that just expired for the fiscal year. They're looking for 485 versus 488, 4.6 billion in revenue. They were looking for the market was at 471 versus with 4.65 billion. So they're going to make a little bit more money, but the revenue not quite there. And nonetheless, you give it back on the open, you know? I mean, you're talking about trading at prices for Zoom that you were almost trading at at the end of 2022. It just can't find a bid, man. Be careful of that one for sure. What other equities do we have moving this morning? Yeah, AutoZone. That's the one we're going to take a look at, man. Check out this AutoZone. Up another 5 percent. Now, I just gave Zoom a little bit of grief for being up 5 percent, okay? That's because it can't find a bid for an extended period of time. AutoZone never trades lower for an extended period of time, man. Look at this acceleration. You come into COVID at $1,200 or $2,900. This night, the thing's not stopping. Let alone you back things up. It's a one-way trip, man. Absolutely remarkable that they continue to beat, and they do. As they beat with earnings of $28.89, the market was looking for about $26, and they come in revenue 3.85 versus 3.84. That stock just does not go down, man. Nonetheless. All right, folks, stay tuned. We got the S&Ps. We're basically flat as we come into the end of the hour. NASDAQ 100. We'll call that flat as well. Dow in the red right now. We got Basil Chapman. He's coming up next, folks. We got Steve Rhodes. Live at 11, fast marketed 12. You heard him. They're talking TJ Maxx. They're talking eBay out there. My dad will be back 3 to 4.