 The following is a presentation of TFNN. The Morning Market Kickoff with your host, Tommy O'Brien. Friday morning, everybody. I'm Tommy O'Brien, coming to you live from TFNN. 9.06 a.m. Friday morning. We got about 24 minutes to go until the start of trading and we have markets slightly positive on the S&Ps. You're talking about a price point of $44.5850. Quite a price tag indeed. You take a look at the action we had yesterday. You open the action at about 44.30 at about 10 a.m. Eastern time. You're trading at, we're solid, almost 30 points above that level. You see the high print. We got about 5 a.m. this morning. We're within one point exactly on S&P futures. From that level, you're positive by a 10th of a percent. Tech stocks, positive by two points right now. Quite the resurgence yesterday. You dive lower at about 8 to 8.30. You dive to 14,941 and just like that, 10 o'clock in the morning. They buy the dip, you trade higher. We're talking about 15,080. The Dow making records as well. Up 70 points right now. Two tenths percent in the positive. 35,471. Remarkable that 36,000 might be in reach maybe next week. Russell is flat at 2242. Bitcoin popping after the pullback it had yesterday. You're back near the highs of the week. Bitcoin trading at up 2,000. Basically down 2,000 yesterday. 46,485. Crude hovering right at around $69.00, $69.03. Got the gold contract catching a bid. Kind of just floating higher from Tuesday's action. I mean, Tuesday you're trading at 1725. You've gotten $40 back from that move and you look where we are. I mean, we're basically almost back, which is remarkable to where we were at the close of last week, last Friday. You closed last Friday. Now you did have quite a sell-off and let's just back up gold a little bit for some full context here. There's a 10 day for gold. You gotta back it up to Wednesday to get the real spike high recently at least. 1835 and really the acceleration continues on Friday. You end last week point being though at a price tag of about 1760. You dive lower on Sunday night and the market's almost gotten it all back. Not quite what you thought. I mean, if you said Sunday night, anytime you could be, you know, whether it was seven o'clock at the spike low, even at about 10 o'clock, you were still trading at 1710 or thereabouts. Gold's clawed back about $50 from that price level. Gonna end the week almost flat, which is remarkable when you think what we've had. Let's just put gold on a weekly and see where we're trading at. Three-year weekly, look at that. That's quite a hammer there, forming quite the tail that it's got on gold. But as you can see, we could possibly get a green bar on gold after the move that it had. And remarkable when you look, this is the move from March. It gets it all back almost to the tick, folks. The low in March, 1677.30. The low that we had Sunday night, 1677.90. Remarkable. All right, back to the short-term charts. We jumped to notes and bonds here. Why not silver for a silver? Almost getting it back as well. There's your Sunday action in silver. Silver you can see, not quite back to Friday's action. That would bring it up almost a dollar higher. So silver, still struggling when you compare it to where we closed last week. Not quite the same formations. And notes and bonds kind of hovering near the lows right now. We're talking about a yield of 1.35% on the 10-year. We were at 1.12% last year. Technically positive by three ticks right now, 133.18 in the 10-year. We'll jump over to the volatility index. The VIX continues lower as this market just will not stop to the upside. VIX trading at 1541. We take a look at the VIX. Let's put it on a daily. Want to show what we're talking about here? Really, really clear action, right? In terms of lower lows and lower highs in this VIX. Now the last one we're dealing with is low above 1425. That's taken us back to maybe late June, early July, low volatility. But I mean, check this out, right? It did have a little volatility here, but we go back to a year ago, June of 2020, 44.44, okay? Yeah, we had a little bit of variance here, but man, since October, you're talking about 41, 37, 32, 28, 25. The spikes are lower, but those aren't the only things lower because you go back to the lows, you back it up to February. We had a VIX low of just under 20. First real low we got since the COVID pandemic was a low in April as it looked like we were coming out of COVID, 1538. We make a low 1425 back in late June, early July. And just like that, we might get a 14 handle today as well. We'll see how the market goes. We're trading at 1541 right now in that volatility index. All right, let's jump around to some of the equities. Moving this morning, Disney, one of my favorite. Maybe you could call it the main event for the week. We'll see how we do on the open, but Disney, some strong numbers there. We have some Disney in my newsletter, Rocket Equities and Options. Popsire in the open last night, they've beaten a big way. And what was adding to that is you have Netflix putting Netflix on the daily, coming out with their numbers and disappointing last month. So a little bit of decreased expectations, maybe for Disney, thinking that the slowdown could hit them as well. Back to the 15 minute, you see the spike last night to get into the numbers in terms of what they're talking about on Disney. Disney defies streaming skeptics with jump in new customers. How about 116 million users? That is just for Disney Plus. That's not talking about Hulu. That's not talking about ESPN. 116 million subscribers up from 57 a year ago. Crazy to think that that's the type of run they've had just since a year ago. But as we know, kind of all the situations aligning to push that growth forward for Disney as we've all been shut down. Reopening of parks, fuels big rebound in revenue and profit. Now take a look at the streaming numbers. I mean, look at this acceleration, right? So where do we gotta go? There's you, you back it up to a year ago. So within a year, you push it to 116 million. The estimate was about 113. So they come in three million over. You back it up. I mean, crazy action when you look at, right? Q1 of 2020, they only had 26 million subscribers. Just amazing the way that they've ratcheted that up. Earnings rose to 80 cents a share, beating the 55 cent estimate. When they get into the numbers even further in there, you're talking about, I believe they got somewhere in the tune of like 170, something million subscribers when you add them all up in terms of all the different streaming platforms they have. They get a couple of articles out here I wanna take a look at real quick. I talk about Disney a lot. Everyone, if you watch the program, you know I'm a Disney pull, so why not? Let's break it down. The one drawback in these earnings you wanna keep your eye on is the average revenue per user. Let's try and get down to that number where we're looking, because that number is decreasing. It's down to about $4 and 16 cents, I believe the number was, trying to find it as we scroll. And that is having to do with Hotstar, which is international basically. So they got more international customers coming online in areas where they're charging less money, so they did grow that number substantially, but they're decreasing the revenue per user, which is gonna put a hurt on some of their margins. What I am gonna get into this as well though, is that looking at the travel part, because their parks beat as well. Disney's parks, experience and consumer products raked in 356 million in operating profit, not bad. They lost $2 billion a year ago, not really fair to compare it to a year ago though, as things were obviously in dire situation. Now you look at travel, okay? So talking about, this is just industry wide travel. Most of US adults were feeling ready to travel again, but the Delta variant has some reconsidering, okay? Now this is not quite hitting Disney, is what they're talking about here, but the number of, so this had to do with 2,200 US adults, all right? This is just factoring in everything going on with the economy. We're gonna finish this up after the break, because we can break down a few things going on as it applies to different parts of the economy, what people are comfortable with, where there might be enough demand for certain companies to sustain, even if you see a weakened excitement of travel. 56% of adults, you're talking about a survey of 2,200 adults said they're comfortable taking a trip right now. That's down though from 65% in July. Not surprising with everything going on, with the Delta variant in case of surging, yet again, you see that acceleration, we hit 65%, we're back to 56, but nonetheless, basically, that not really hitting Disney in any way as the park's business holding steady. We'll get into some of the numbers a little bit after the break. We'll break it down to Disney though. You're talking about up about $8 right now in Disney. We take a look at the daily though, still well off the highs, about 2.3 back in March. Stay tuned folks, right back after the break. Golden ratios give shape to everything in our world, represented in the Fibonacci sequence. These special numbers define the patterns that make up our universe. Not even markets can escape the omnipotence of these ratios. Larry Pezzavento is a 45 year market veteran who has published nearly a dozen books on the powerful patterns we find in nature and the relationships with the ever elusive markets. 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TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. Welcome back folks. Finishing up the Disney conversation here and jumping into the numbers that I was gonna get into. So as you take a look at it, $4.16 as I thought. Now this has to do with a lot of the subscriber base that's being added here, Hotstar. That is coming from India. Here we go. However, a majority of those came from Disney Plus, Hotstar, a cheaper version of the service in India. Those users now account for an astounding 40% of the total Disney Plus subscribers. You could make the argument though, right? Getting into a market like India and infiltrating that and building that subscriber base, you probably don't have the type of price flexibility with those consumers when you're dealing with not quite the wealth of course in India, but nonetheless, they're all subscribers. They all add up to a bottom line. Now excluding Hotstar, it would be $6.12. So you see the number there that you're talking about. As more Hotstar accounts come into the nicks, average revenue per user dropped 10% for the quarter. I think it was about $4.60 last quarter. That's quite a substantial drop when you look at average revenue per user dropping by 10%. But they added a substantial amount of users and those users all paying the lower fee. Still trails obviously behind AT&T, HBO and Netflix. Now this is an opinion piece that I'm jumping around in. Now they are gonna add Japan in October. That's coming in two months. They're gonna launch Disney Plus. Those poor people in Japan, they don't even get Disney Plus. They're gonna get it in October. I kid, but they'll be getting that. That's gonna come in a potentially a higher number. That could lift that number back up, something to keep your eye on. Now what they say in here as well, so there's the number, 174 million subscribers spread across Disney, Hulu and ESPN. And they make the leap here. Not sure I agree with it, but this is what you wanna try and figure out folks if you're making any type of fundamental evaluations of companies because the streaming wars are out there and everybody in terms of consolidations, right? In terms of the big players out there. They make the leap here that many of which are frustrated by having their favorite programs spread across different apps, talking about Hulu, ESPN and Disney. Now I have the bundle of the three of them, which I think is like 13, $14 a month. So right away they say that you should make the leap. And they say that because you make the leap and you get them all into one, their argument is that it's very likely one plus one plus one is gonna equal more than three in this case. They're gonna have some synergy. They're gonna put Disney's family-friendly fair together with its more adult content, sports-created product with a much wider appeal that can compete more directly with Netflix and HBO. Comcast still owns a piece of Hulu. So that may have been their CEO Chappick, may have been referring to it when he said as part of their conference call there could be certain constraints they're dealing with limiting Disney's ability to do long-term what it might feel is ideal. They can remedy that with straight cash folks if they ever need to. Yeah, and as they say, it's time to call up Brian Roberts, Comcast CEO and get this sorted out. That's if that's what they want to do. And I don't even know if that's the right thing to do. That's what I'm saying. Because right away, one of the most appealing things about Disney was when they launched it at a price tag of what was it? Like $5.99, I think, maybe $4.99. The fact that they undercut Netflix in dramatic fashion for the Disney content library was one of the things that blew me away the most early on in the Disney craze of signing up that said, you know, there's no household that's not gonna have Disney for their children at a price tag of five or six bucks a month. If you package it all together and you force people to pay $12, $13 a month and you force them to pay for content that's available on Hulu and ESPN when maybe you just want that Disney content for your kids to throw on those shows, put a little Mickey Mouse, Donald Duck on there. I'm not sure that I believe that same deal in terms of those three aligning, putting them in one package. Yeah, you put them in one package for the same price. Now you're talking business, but that wouldn't be the case because for the bundle, they're getting 13, 14 bucks. But nonetheless, strong, strong numbers for Disney. We'll see how they open up in a big way, but they beat in the parks as well. Now here's something to consider though. They're not quite back to pre-pandemic levels. Revenue, fiscal third quarter sales were up 45% to 17 billion, okay? But still three billion below the peak of 2019. All right, if you want comps folks, you should be comparing comps to 2019. That's a normal world. That's a normal world that had normal multiples that equities were being based off with their valuation. Fast forwarded to 2020, those numbers mean nothing. They literally mean nothing, folks. Okay, the market is forward looking. They don't care how these companies fare during the depths of the pandemic because if they survive through the depths of the pandemic, we're in a brave new world. We're looking forward, the market's looking forward. And it wants to say, how are you doing on a normal basis moving forward in a new normal? Don't tell me how you did at the depths of the pandemic because that's markets forward looking in a big way. So keep that in mind because there's gonna be crazy percentages year over year, probably proceeding for the next year or so. But nonetheless, Disney taking a look, they're trading about 187. You did spike to as high as about almost 190 last night on their numbers, a little bit of volatility. We'll see how they trade on the open this morning. Let's jump around, see how Netflix is trading on that. Pretty much unmoved as these two not really eating off each other. They're not feasting off each other subscriber base. They're their own entity at this point. Disney growing is not necessarily stealing from Netflix it would be vice versa as well. You take a look at Netflix, you got quite a consolidation here forming. Maybe the lower boundary is about 500. Maybe you push it lower to about 470. The upper boundary somewhere around maybe 557 and Netflix chopping around at about 510 so far this morning. Taking a look at the market seems like we're getting a little bit of a melt upward as we come into the opening bell. We got about six minutes to go and we got the SMP futures just hitting 4460 for the first time. You get the tech stocks trading higher as well 15,089. Now I think we're about 100 points. Yeah, we're about, wow, a little bit less now. Highs made in the Nasdaq 100, August 5th, about eight days ago. The Dow though continuing strength. Check out that Dow, 35,470 right now making a new all-time high today. The Russell, about 120 points from that high. Okay, let's jump around to some of the other stocks that have action so far today. Airbnb out with their numbers trading lower talking about that they may be hit as domestic travel rebounded. But guess what? The company pointed out uncertainty surrounding the pandemic and the Delta variant. Not surprising here that they may take a hit. ABNB is their symbol. Yeah, you're gonna back off about four bucks. Now this thing pops from a recent low of 130 on July 19th. You trade up to 151. You come into those numbers though. There's your short-term action. You dive to a low of 142. We've clawed back some of those gains right now to 147. This one's an interesting one from a fundamental perspective as well in terms of comparing how Airbnb versus hotels may fare as we come out of the pandemic. I told the story I think yesterday, a couple of days ago saying during last October so a entirely different world. No vaccines available. We didn't even have vaccine data yet in October. Took a trip and decided to go Airbnb as opposed to going to a hotel with a bunch of people there. But the fees that that company have added have caused to give many consumers pause rightfully so with the amount of fees. Especially during COVID. Now they got super cleaning fees or whatever they call them, 300 bucks or something like that. So you get this big ultra deep cleaning. I mean, in many ways it probably just gave some of the people renting out their households a little bit of cover for juicing up the fees. They're probably still cleaning it and giving them the benefit of the doubt. But man, some of the lofty fee services that they have in there seem like they might be secure in an extra way of profit through some of those fees on the cleaning and whatnot. Nonetheless though, look at the pop it's got, right? I mean, you just were above 148. It'd be interesting to see how this thing opens as the market. Not quite sure where it's going to end up. The initial spike there to 156 on some strong numbers, but the guidance probably not what they were looking for in terms of maybe being hit by the Delta variant waning some of the travel. And you got to remember Airbnb, they are a multinational corporation in a big way. So even if travel is not going to suffer necessarily continental or domestically, if things are spreading through Europe or beyond Airbnb would take a hit there in a big way. So they're a little bit lower today by about four bucks. But I imagine this one is gonna have some fireworks on the open as we've seen quite the volatile session pre-market already. All right, folks, stay tuned. We'll be coming back in three minutes. We got the S&P sitting at all time highs as we come into the open right now. We got the Dow sitting at all time highs, literally within two points, both of them. All time highs as we come into the open. It's Friday. We got some other stocks to talk about. We got Virgin Galactic. We got Richard Branson dumping $300 million worth of stock. Be careful of that, folks. We'll be right back. Take a look. 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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. Welcome back, folks. We got markets open. We got the S&Ps positive by five with a record open there for the S&Ps. The Dow positive by 80 points as well. You're talking about a record open there as well. NASDAQ 100, barely in the green right now by about one point as it hangs onto those gains. Let's jump around to two of the stocks that we talked about. Starting off, Disney, giving back some of those gains on the open, up about 3.6% on their numbers. Airbnb right now, down 3% as well. Call it 2.7% on their numbers as well. Virgin Galactic catching a little bit of a pop. Surprising here that they're gonna open basically flat. Now check this one out. All right, now be careful of this equity. I remember talking about, hold on, let's go back to this. I remember talking about this thing. Couldn't help but not talk about it. With the type of press that they got going in terms of Branson going out into space there. And just so you zoom in on the action, I believe it was a weekend trip. There's the acceleration Friday. There's the 28th on Monday. And you get quite a sell-off. And from there, things really escalate to July 8th. You were pushing a price of 52 by you forward to July 19th. You're under 30 bucks and this morning we're down 1.7%. Now this is not what you want to be happening folks to the people that are owning and running the company that you are investing in. Okay, Virgin Galactic shares fall after Richard Branson Trump dumps another huge stake worth 300 million. This pushes the amount of money that he has sold from this one company alone to a billion dollars. So check it out. The stake sale is Branson's third since taking Virgin Galactic public through a SPAC in 2019. Who is that SPAC with? Where are we? The one and only Chamath. Okay, if you're familiar, come on. Scroll faster. I'm jumping around the stories, but you have Chamath Palahapatiya? He's a grand promoter of himself folks. He started almost the SPAC craze 2019, okay? Chamath was in their selling almost a quarter billion dollars worth of stock back in March. You now have Richard Branson who's recouped 950 million from his three sales. Okay, he sold 504 million and 150 million in May of 2020 and April of 2021. He now has this sale which pushes about I think it was 10 million shares. Somebody had 10.4 million shares. That's about 300 million. You add them all together, that's 950 million. So he's pulled 950 million out. Chamath has pulled 200 and something million out, right? What was his number? Hold on, let's get it down. I wanna get the exacts here. 213 million was the number he took in March, but they both still have substantial positions in here. So you have Branson, who's still gonna retain about 18%, I think it is. Where's his number right here? Let's get it. Yeah, 950, let me scroll up. Maybe it's on this one I'm looking at. Give me a moment. There he goes. So Branson still retains 18%. Chamath is still up there as well. The reason why I bring it up, okay? Because I pause, is because you scroll over and you have the market cap in the entire company right now. Virgin Galactic at about 6.6 billion dollars. You already have Branson taking out a billion. That's already out. That's out of the company. That doesn't count the 18% that he still owns. Branson takes out a billion. Chamath takes out a quarter billion. Chamath still got a big chunk in there as well. This stock just gave back 50% of what it had up here. The stock is valued at 6.6 billion dollars. And I remember talking about up here folks saying, because I believe it was valued at 10, 11, 12 billion dollars. The entire market, the entire industry for space travel, even over the next like to 2025 to 2030, I write articles. There's only about a $46 billion business because there's only so many people that are gonna be paying $100,000 to go up in the air. So the whole industry is worth $46 billion. And you got this company, and that's in 2025 or 2030 or something crazy in the future. And then you have this guy, this company worth twice that, 12 billion at the peak. You're still worth 6.6 billion when the whole industry of space travel might be worth 6 billion in five to 10 years. Point being, that map doesn't compute. It's pulled back 50%. The founders are selling off the shares when they can. Be aware of that stuff folks. That's not how it works. Now Branson is saying that he's selling that to support some of his other businesses in the travel industry that probably need cash, probably rightfully so. Chamath's saying he's gonna do other things with that money, et cetera. Basically it was what they said. There's always ways to gain access to that capital. There's no reason why Branson couldn't have taken a loan out against those shares as equity if he really believed that those shares were undervalued. Something you wanna keep your eye on. We all know how it works, but nonetheless, the stock has proven it. I mean, remarkable that you are actually positive today after you dove lower, 26-14. Let's check around to some of the other stocks keeping your eye on Disney a little lower. Interesting to see how Airbnb moves. They're moving a little bit lower as well. That about four bucks on their numbers last night. All right, let's continue to jump down the line for stocks that are coming out with their numbers. 23andMe revenue of 59 million in the first quarter as a public company. You have 23% from a year earlier, smaller loss. They're positive in the pre-market and may well, let's see how they're doing now. 23andMe, give it back some of those gains. That about a half a percent on their first quarter there. Yeah, DoorDash, so here's one. Let's pull up DoorDash here. DoorDash out with their numbers. They're down about 4.8% here. Let's see if this is hitting Uber or Lyft at all. Not really. Uber's up a bit with the market right now. Lyft, the same deal. DoorDash, it's own entity in the food delivery business. DoorDash, quarterly loss of 30 cents a share. The market was looking for 20 cent loss though. However, revenue did beat estimates. Gross order volume up 70%. Raise the full year guidance, but there's more to it than that. We'll have to dig into it. DoorDash trading lower on their numbers. It's interesting too that they came out talking about, I believe it was yesterday. I was talking to our man, Kevin Hinks, when we talked to him. The DoorDash was thinking about buying Instacart. That deal falling apart because of anti-trust concerns. Probably rightfully so. They're two of the biggest food delivery players out there. Instacart, when you talk groceries, DoorDash, you talk just restaurant delivery. DoorDash definitely competing with Uber Eats. But man, there aren't many other players than those three in my mind. And I've used all three. I use Instacart a lot. It's a great service for grocery deliveries. It is a premium service, but groceries takes a lot of time to be shopping for groceries. Sometimes that's worth it, if it makes sense. All right, jumping around to what else we got going on. FDA authorizing the booster shots for immuno-copperized people. So that's gonna be a third shot probably when you're talking about Pfizer and Moderna. Both of those a little bit higher today, Moderna. Man, they've been talking about Moderna and the den. How about these moves in Moderna? Let's jump over here. Oops, MRNA is their symbol. You always wanna be careful chasing the stock up, folks, because you might just beat the person that buys it and then it pulls back to the tune of 30% in the span of two days. Remarkable, you could pull back, you get. Now, we've got quite a little bounce. It could be a dead cat bounce, folks. It might not be. You're up 2% right now. That's the daily. We did open higher and we give back some of those gains. There's your open. You open at about 406. We were under 396. Whenever you're trading stocks like this, you just have to be aware of the volatility. Most people aren't really aware, I think, when you go from 145 to 500, there's a very real chance this thing pulls back to 300 in no time. Why not? I don't even have to explain it. Why not, right? If it can go up that fast, it can go down that fast, folks. And we're seeing it in Moderna and that might be a brilliant stock long-term. Doesn't mean it's not. It just means that you're dealing with swings that are crazy and you're talking about a stock of 162 billion market cap now from Moderna. Quite the run they have had. You back this things up on a three-year weekly, right? Man, oh man. Now you come into 2020 at a price tag of about $17 and you run it up to 500. Really remarkable. Let's take a look at a couple of the others. Pfizer shares up about 1.9% right now. They've had quite the run recently as well. All right, we get the markets giving it back a little bit. We get the Nasdaq 100 in the red. We got the S&P's positive by one. Dow positive by 44. Stay tuned, folks. Right back. 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. 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He's gonna be doing a live trading webinar. The cost is $295, folks. You get five hours, 9 a.m. till 2 p.m. Eastern time next Thursday. He'll be in there for a live trading webinar, what you see, a live trading webinar event. I encourage you to come on over to the front page of TFNN, click on the banner. On the front page, you'll see it right under featured content, Larry Pezzavento webinar, live trading. You click that link. It brings you there. You can walk you through exactly what Larry's gonna be talking about, folks, in terms of how he trades this market, the methodology he's gonna be going over. It's $295. Now, what you receive is you get a free month of his newsletter, Fibonacci 24-7. That's a $97 value right away that you get. In theory, that brings the cost down to under 200 bucks. You get five hours of live trading with Larry. That will be archived. The complete five-hour session will be archived for all of those that sign up. That'll be archived on your members page. And for those that attended Larry's event in March, okay, what we're doing, and we don't always do this, folks, it's not guaranteed or expected, but for those that attended Larry's live trading webinar in March, you're gonna get to go to this one as well. So if you're signing up for this one, you're gonna have a good contingent of attendees because you're gonna have the people from March, you're gonna have the people going to this one. You'll have the room full of people talking about the trading, answering questions from Larry, et cetera, all that taking place next Thursday. Check it out on the front page of TFNN. And when you sign up, your subscription to Fibonacci 24-7 begins. We'll get you signed up for that right when you sign up. That way you can be in there. So sign up, that way you can end. Larry puts out an outstanding report over the weekends as part of that service. Great time to sign up. And I look forward to that event going on next Thursday. All right, jumping around to what else we got going on. So Carnival deal with some woes. 27 aboard at the Carnival cruise test positive for COVID. A lot of this having to do with the staff. So 26 crew members and one passenger leave their all vaccinated as we know folks, you get vaccinated doesn't mean you can't get it. But what it does mean is you don't get sick. You don't end up in the hospital most of the time. Okay. And that's where things are really getting dire in Florida. Vaccines do work in that degree folks. I know there's a lot of BS out there unfortunately. All right, that's the case, but they do also 27 vaccinated mild or no symptoms. They're in isolation 99.98% of the crews vaccinated 96.5% of the passengers. Now, Carnival requiring passengers to be vaccinated, exceptions for children, people with, that's part of the reason you got the 96.5 and the 98.99.98. I imagine the cruise line had said August 4th that they knew they had cases. They didn't put the number out there, but that's a tough one on cruise ships folks. You know, you're in such tight quarters. And as we know, you know, with so many people vaccinated, there are breakthrough cases that it spreads. But nonetheless, the point of that vaccination is to keep you out of the hospital folks and make sure those aren't happening. Because man, you look at Texas and Florida right now. Texas talking about 2,500 out-of-state workers. Now getting to, I mean, there's the case count, it's spiking. The numbers that really matter though folks that's gonna cause problems are hospitals filling up. 90% of all ICU beds in Texas are full. 40% of them dedicated to COVID patients as of Wednesday. You jump to Florida. We got Brevard County in Florida asking people to limit 911 calls because of the surge of hospitalizations having to do with unvaccinated people which represent a very high percentage of people in the hospital to put it lightly folks. It's a tough situation and they're talking about that they're asking people literally to use 911 sparingly because they have huge cases in hospitals and they can't deal with all of that. They have delays going on in terms of medical issues because they can't unload people on talking from their ambulances and so forth. It's a tough situation folks so please get out there and get vaccinated if you can because yeah, there are breakthrough cases. We all know that, but the bottom line is hospitals are filling up Texas, Florida and unless we get this thing under control that's gonna be how the economy suffers. It's that simple and how we get over it. S&Ps catching a little bit of a bid. We're up six points to 44, 61. NASDAQ positive as well. Don't ever count that NASDAQ out in the Dow catching a bid to record territory just shy of 35,500 right now on the Dow. All right, jumping around to other equities in terms of making moves. We have for earnings scrolling down to the bottom here a couple I wanted to cover, Rocket. Trading higher in the pre-market. Remarkable this company now pulling it up. So Rocket Mortgage, there's your acceleration on their numbers last night. We trade higher in the open. You're positive by about 6.5% right now. You put this thing on a daily, they go public. Back in August of last year. I think let's back this up a little bit further. Let's make sure. Yeah, I believe that's when they go public. August of last year, this thing really catches a run up to 41.89. I think that had to do with Reddit memes going crazy maybe. Wall Street bets getting a hold of Rocket for a brief moment sends it up to 41.89, sends it back down. Point being, we're sitting basically at the IPO price, right? I remember thinking Dan Gilbert, owner of the Cleveland basketball team, as well as Rocket companies, Rocket Mortgage. And it was interesting that he goes public at this time. I was thinking, even a year ago, mortgage markets on fire, we have rates at like half a percent. Everybody in the whole planet that could refinance probably did. What a great time to go public with your company that's at peak mortgage refinance level. I mean, if you refinance at half a percent on the 10 year, when are you ever going to refinance again on the mortgage companies? So you run it up, you run it down. Nonetheless, they've held steady. But as at a time when you've had the market really accelerate higher, this stock basically back to where you went public. You're up 7% today, though, as they have a slight beat on their numbers up to 1873 for Rocket. Activision Blizzard, ATVI, I believe, is their symbol, right? ATVI, yeah. Gets an upgrade to a buy from Neutral, but not so much as we give it back when we're actually negative. That's interesting. Risk reward, so much for that city upgrade as the market pumps it up pre-market, then sells it off to negative prices. And let's take a look at some of the stocks we've been talking about to see other fair. Pretty common action on the open for some of these. Disney, up about 4%, giving back some of the gains it had pre-market, though. Airbnb, look at this, reversals. Airbnb catching a bit. They had some little bit of a warning, but as I mentioned, going to be interesting to see how they are open. They're up now down just about 110% on their numbers. Let's jump around to commodities. Crude, ending the week right near $69. You take a look at Crude on a daily. We've had some volatility here. Twice we've bounced from the 65 area on Crude. We're back to 69.01, the high we had just recently, all the way up to 74.23. We'll see where Crude tests, and as I mentioned on Gold. Gold on a weekly basis, are we green yet? Not quite, almost. You're talking about gold. We opened that bar at 17.65, folks. We got 20 cents to turn the weekly bar green on Gold. That would be a head shake, we're in a big way. Now you still have this huge acceleration here from last week. Man, you got that huge acceleration from June 14th, right? But we did claw back 100% of that move. We bounce, we might get a green with 30 cents away from a green bar on a weekly basis. Talk about a candle, a hammer candle there at the bottom. Gold though, still struggling. You put this thing, let's back it up on an auto zoom. You know, found a bid. Thank goodness on that level, because it doesn't find a bid there, folks. It's going basically to the next stop, which could be 1,500 on Gold, but it does find a bid. And we'll see where we go from there. Let's take a look at the VIXs. This market proceeds to go higher. VIX 1524, as I mentioned, we might get a 14 handle to end this week with the VIX as this market. Here's plows higher, folks. It don't stop. 44.60 in the S&Ps, 15,102, and we're at 35,477 in the Dow right now. Stay tuned, folks. We'll come right back. We'll take a look at what else we have happening on Friday trading. Stay tuned, folks. I'll be right back. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority and technical market analysis, and it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. 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For more information, just click the Think or Swim banner on the front page of tfnn.com. Welcome back, folks. We get the markets just hanging out where we started the trading day. Basically, we're sitting at 44.60 in the S&Ps. Russell's pulling back, though. Look at that groove in the Russell, right down to the lows we had yesterday and actually getting below that low. Yesterday, zooming in on the action, we had a low print in the Russell 2000 futures at 11 o'clock of 22.28.60. We just got briefly below that level. We're back above it for a moment. We're trading at 22.29. The Russell been the laggert in a big way. You look at the weekly, been chopping around for a while. We haven't hit the highs in the Russell since March. Talking about five months ago, meanwhile, we got the S&P and the Dow making highs within the last few minutes. Look at that acceleration. You wanna talk about a nice, clean trend line, folks. Look at this S&P since November. You're talking about well-defined as you can get, folks. 44.59, we're trading. Now keep this in mind, because even if you get a pullback in some of these equities, man, look at the bounces we've had, okay? You talk about back in March right off that line. We were pretty close back in May. Back in May as well. A nice jump on that level on June. We dipped just below it in July when we had that low. Point being, if we get a pullback even below 4,400, folks, we're talking about right to just the lower boundary line of that level. And, man, if you get a run to the upper boundary line, we're talking about almost 4,600 right now in the S&P and this channel line, it's got quite a steep incline to the upside in terms of where that could bring us by end of year if we still are in this type of a channel almost four months from where we're trading at right now. All right, what else would take a look? Let's take a look at some of the fang stocks as we got the Nasdaq 100 back in the green. Amazon, pulling back to this consolidation it had, you take a look at Amazon, disappoints on their earnings. They had a nice consolidation going between about 3,000 and 3,500 back in this area on Amazon. Take a look at Microsoft shares. Quite a different story. Microsoft to the top side. Talk about a high this week. Megan highs today, not quite. Right near those highs that we made on Tuesday, Microsoft up about a quarter percent and how about the week Apple is having as well? Apple shares up again, 310 percent. Apple folks, all right, we'll end the show like this. Apple has almost 17 billion shares. What's the count? 16.5 billion. Just in the last two days so far, it's up almost $4, talking about almost $75 billion in market cap. Thanks so much for starting your day with me, folks. Have a great Friday. Stay tuned for Basil up next. Fast Market at 11. Larry Peasant into a 12. He broke the white top of Brian this afternoon. Don't forget about Larry's webinar next Thursday, folks. Check it out on the front page of TFNN. Stay tuned for Basil, folks. Thanks.