 The following is a presentation of TFNN. The TFNN Bull Bear Training Hour. Every training 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 Training Hour. Now, Tom Antt, Tommy O'Brien. Welcome, folks. Appreciate your growl and a problem with us out here. We have the Dow industry is up 228, NASDAQ up 83, S&P's up 25, S&P's NASDAQ new all-time highs. We're going to have to get the recording going, man, every day, new record highs in the S&P. Coming at you. And we've got window dressing happening, folks, so November 1st, happy November, no doubt. Gold. Gold down at $1.30, trading at $15.13. Now, we'll get into gold, but gold is actually pushing the swing point with volume. A bottom line is that jobs number come out. Gold went down about $7 or $8, rejected lower price. Now you're pushing into the swing from yesterday, and you're going to have volume. Silver. Silver's down a penny, trading at $1,805. You get lights to be accrued up $84.501, and notes and bonds. Notes and bonds, folks, had months of volume yesterday. We'll see what they're doing today. They're only down three ticks on the 10-year at $1.3006. The 30 is off six at $1.60106, and $Kingdala. Kingdala's down 103 ticks, 97, 245 euros at $111. The yen is at $108, and the pound is at $129 to one U.S. dollar. And if I can pull up the chart of the 10-year, because jumping around, a pretty muted response, man, on a market pop, for sure, right? You saw some action in gold. You did see a move on the jobs number. You went from about 1.67 to 1.71, but we're right back under 1.7 right now. We're getting a little bit of volatility right now as well. I think we just got an ISM number coming out as well at 10 o'clock. Let's jump over to that, because that's hitting that market as well. And are we there yet? There we go. Factory gauge, let's see what we got going on here, because this one just popped at 10 o'clock, I believe. So we get U.S. manufacturing trailed estimates for October, signaled the sector contracted for a third straight month, ISM measure increases by less than forecast to 48.3 from a 10-year low of 47.8 as we discussed last month, anything under 50, right, is a contraction. So for the third straight month, you got a contraction. And that's where you did see a little bit of volatility right on 10 o'clock. We'll jump back to that yield. I guess I jumped away, but pretty muted response, especially as you said, man. It's amazing that the S&Ps are up 24 and the bond market won't pull back. Yeah. And there's your gold reaction, as you said. So we get the jobs number, markets spike higher instantly as you would expect, gold pulls back on that news, but boom, just like that, man, gold, and he actually made it up to 15, 18 before we pulled back, but right literally to the dollar, right, where we were trading at before that jobs number. And if you watch this, folks, it's going to be pretty cool, especially for Friday. I mean, you're going to, I believe we're over 200,000 contracts already. Yeah. You had 227. Okay. So when you take a look at this, what you're going to see out here is that the, we got an expansion of volume yesterday, stop pushing yesterday with 390, and it has a chance to do that today too. Definitely. You know, at 227, 10 o'clock in the morning, you know. Hey, job's Friday, man. That's a big day. Oh yeah. Always. Once a month, we only get 12 of them a year to be fair. Right. You know, to be fair. Yeah. I'd still say gold wants to go to its highs out here from September, which is a 1566. So big number. Definitely. We don't take a look at the third, the 10 year first. This is like, I feel like the groundhog day, say the same thing every day, but it's like, once these bonds and notes stop moving higher again, I mean, look at the 2.2 million contracts, folks, we did yesterday, you know. Yeah. A lot of trade news yesterday, right? I mean, the idea that the idea that the Chinese don't have any interest in budging and that the phase one deal may be the best it might get is the scary notion for the market. I don't know why that would be a surprise notion for the market, but if that becomes a reality, you know, because of phase one, I heard on Bloomberg, one somebody saying today, phase one of that deal is kind of like a truce, okay? They're going to buy some soybeans, they're going to roll back maybe some of the tariffs in October, they're not going to maybe put in some of them in December. That's not a comprehensive trade deal, all right? No. It's barely a phase one. It's kind of like, let's calm things down and try and get a trade deal. That's what you could call it. And if the news is nothing else is going to happen, then there better be some fear. But guess what, man? The market keeps jogging along with 125,000 jobs at it, 128. And the number I found most interesting in there is that you had 41,000, I believe, in automakers that they lost, you had 20,000 in the census that they lost. There's 60,000 alone. Get added those to the 120, you're at 185 again, man, I mean, huge numbers. You get Apple up 367, I mean, that's, you know, we'll see how far away it can pull away from, you know, this little congestion up here. Yesterday, some volatility on that trade deal for sure. No, totally. But they closed. The further you pull away from that 249, the higher you can get. Fitbit, right? So Google. Yeah, jumping from Apple to Google to Alphabet, $2.1 billion for Fitbit. Not a bad price, Fitbit. Can you go for a long term? We'll pull up on them too. I just want to see what it went public for first. Okay. Because they've had some real volatility, man. They were a high flyer for a while, they really pulled back for a while. Yeah. Exactly. That's why I wanted to see their long-term chart. Can we go into it? Because check this out, right? And they were almost ahead of wearables. They really were. I mean, they were before the iWatch, okay? They were before any of that stuff. And I'm just going to put this on like a weekly five-year. They've been around even that long. Yeah. This is what I thought. Let's back it up even more. 10-year. Yeah. Yeah. So they came out of the gate fast, man. They went, what did you say? 20-29 was the issue somewhere around there, shot up to 50 bucks in no time. And that is in August of 2015. And then you could really say that since November of 16, you were at $8 and you've been fighting. But coming into today, you were at $6 and maybe 10 cents. And there was already speculation of this. So to bring it down even further, let's just put it on like a three-month daily. Because yeah. The first time the news broke that Google was considering buying them. So it went from $4.28 up to six bucks. They're coming in at 7.14. But to put it in context, they're still only at this price, valued at $1.845 billion, the price tag on that buyout, $2.1 billion. Yeah. So if it comes through, there'll be higher price tags to pay. And the people that have bought it, they're quite a beaten audience. Yeah. I mean, you're going back so long. Probably if anybody was in there, they had realized that money was gone. It's not like you're a long-term holder in a company like Apple. You'll make it back probably. You're a long-term holder of a company like Disney. You're a long-term holder in this company. You better have realized that might go to zero. And Google almost getting quite a discount, man, for $2 billion. I wonder how they're going to position that within. It's all about wearables. I set you up in the office when we were chatting about it before the program. They don't have an iWatch Google. Maybe they do. They don't have anything like that. So maybe they're going to try and bring that into their ecosystem in that way. Because wearables is just the future of everything, man. I don't have an iWatch yet, but I would like to get one at some point because it's pretty cool. You get your heart rate. I think they're going to be able to do the blood sugar, everything. Without doing anything. Just having it on. Just having it on. Right. Right. So our Tisa. Our Rista, I believe. Our Rista network. Now, this is a cloud networking solution data center. This is getting smoked. I mean, this is down 62 dollars you're trading at 182. And this and Pinterest are the biggest downdrafts out here. Okay. 25% haircut overnight, man. And look at it. It's been haircut sauce. Yeah. It looks like they came out with the tough earnings, the last two quarters prior to this one. And maybe, you know, what did it start yet in April and then in June or July? The high of 331. Man, you know, if you're in cloud, you're competing with Amazon, Microsoft, and Google. Stay right there folks. Tommy and I are coming right back. Our phone number is 877-927-6648. They have it out 227. Now it's going to be a 78. S&P is up 25. We'll come right back. If you're not currently using the Taz Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The Taz 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, Taz 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 Taz Profile Scanner to profit. 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Details on the Tiger's Den are on the front 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. All now toll free at 1-877-927-6648 internationally at 727-873-7618. Folks, that was up 229, now it's up 77, S&Ps are up 24. They no doubt are at all-time highs. Let's go take a look inside the NDX100. The strength versus the weakness in here. We have Skyworks, Skyworks up 6.8%. Apple supplier, Mylon Pharmaceutical up 3.7. You got Walgreen Boots up 2.8. Taken away from it, Makata Libre is down 3.3, Starbucks is up 1.4, Bookings.com is down 1. It's not bad. Nothing really sticks out there in a large way. We'll get to Pinterest in a second, but that's, Pinterest is a mess. We don't know about that. Inside the Dow, the move is inside the Dow. We got Apple staying up there, Apple's putting 25 positive points, Goldman 24, Boeing 23. Taken away from it, Big Mac. That's it. Yeah, it's the only stock down more than a dollar. Yeah, minus 16. And if we go over to Pinterest, we see what's going on here. Oh boy. Always some winners and losers come earning season. Pinterest looks to be one of the losers, man, for sure. I want to just pop out here again. Was right up there. Was it? Oh, I see what's going on. I got the Dow. It's S&P. Okay. So, it's not in the S&P though, what do I know? There we go. Pins. Pins. They're on pins and needles today, man. They're getting pinned out here today. So they're down. Down about 20% almost, haircut overnight, man. There you go. 52-week low. What was the issue? Can we just jump around before we, 19 bucks back in April? And we're sitting in 1957, but we... April of this year, too. Yeah. We put it on the chart. It's another one that didn't trade there, right? It never traded there because there's your April. Never traded there. Jumped higher. It was at $28. $29, 30 bucks on day one. Yeah. Made it up to as high as $36, just back in August. And the news on them, not good, as you may imagine. Week outlook disappoints. Let's see what we got going on here. So they're plunged on Friday after the social media company's revenue mis-disappointed analysts and prompted several price target cuts as the reality hit that the recently listed company is still in the early days of making money from its platform. The results show that Pinterest is still building the plumbing around several key initiatives. That means spending money, right? Oh, yeah. Adding that they had been hoping for more from the company. At least one analyst downgraded the stock in the wake of the results. Let's see. Shares fell as much as 25%. They got the real numbers in here. Let's see what we got. No, this is going to be all the analysts. Hold on. Let's back this up one and see if the next article gives us a full breakdown of the news. So revenue was $279 million below the $282 million. Let's see. So the San Francisco-based company added 22 million users into the third quarter. It's got to be tough to be a public company, man. You had 22 million users in 90 days in the markets like, bubba, we're going low. I know. Yeah. It's a whole different animal. They got 322 million users overall. That surpassed the 310 monthly average users expected. But let's see. And this is the big deal here. I heard this. So 73% of the total is now outside of the U.S. I heard one analyst saying that they are growing in areas that are not lucrative, okay? That was one of the summations that I heard. Company said the user gains were driven by double digit growth in nearly all international countries. Americans love to spend cash all the time. We know that. So maybe that's kind of the tough thing. Public users brought in 293 each in the recent period while each international, wow. Look at that. There you go. That's sick. 13 cents. Is 293 much bigger than 13 cents? Oh, my God. I haven't studied math in a while. Just 2 million of Pinterest, 22 million users in the quarter were in the U.S. And that's the problem. There you go. So that sums it up. 13 cents to 293. Yeah. Yep. There you go. Wow. That is something else. That's scary notion if you're a buyer there. You know, I'm not on Pinterest. I know many people love it. It seems to be more suited. It's like the females, I think. That's just my growth, you know, to a board that the... It's a Nazi... I believe so. You make things. Yeah, I believe it. Well, yeah. You can pin things though. You don't have to make things. We should get a Pinterest expert on here because we're chatting about it, not really. But nonetheless, man, it looks like there's not a lot of experts coming from the U.S. on there. That's for sure. That's for sure. Let's go take a look at the yen. So, you know, the yen got hit yesterday, and the Nikkei actually didn't get hit that bad when I was looking at it. You know, the yen still wants a lower price, which is stronger yen. You know, we... Last two days, we didn't get over that price point of $109.32, thank God, because if you're a bull in the metals market, you don't want to see that yen get weak. That being said, now, watch this. This gets interesting. So, I think we're going to have some kind of a leg effect here. But the Nikkei last night was down, but not as down, not as down as much as it could have been, man. You know, it got where it ended up only down 76 points, 22,850, and it traded down an additional 150 points, but that's still not bad compared to how strong that yen got. So... Yeah. Can I just take a look from high to low? Let's see. So, what did it close at on that day? 22,927, and opened at 22,730, so almost a full percent. Yeah. You know? Yeah. Yeah. The... It was a huge day for the yen, so it could have been worse. Yeah. And the fact that it paired a lot of those losses too. Yeah, totally. So, the pound, I mean, we're going to be... It's going to be really intriguing watching how this thing shakes out. Pretty cool. We can now say we get an election next month in December. Yeah. It is November. We get a new election next month. And this morning, what's this one? Let's see if I can find this thing. So, Neil Farage, and he's the leader of the Brexit party, he is saying that he wanted a... You're already back two days. Yeah. So, let me put it this way. He is saying that it was Johnson. He wanted Johnson to can what he was the platform that's up there now. He's saying that that's just a Theresa May deal decorated a little. Okay. And what he's saying is that if he doesn't do it, then he's going to run against that party. He's going to have his party run against that party in so many counties. Okay. And supposedly, if that's the case, the bottom line is that they'll have a problem. Yeah. So, there's going to be a lot of twist and turns on that. In each party over there, you have battles going on just like you do over here, man. In terms of Democrats, what they want, in terms of Republicans, you've got Hardcore far right, far left. That's a little bit of that mix going on over there, I imagine. What's this one? Plain loads of cash from Russia. Let's see. Hundreds of millions of dollars of cash has been shipped from Russia to Venezuela, providing a lifeline to the South American company. Finish that sentence. I wonder. As U.S. sanctions limit access to the global financial system. Russia supporting our foes. That's a shocker. No. Go ahead. So, a total of $315 million and U.S. dollar in your notes was sent in six separate shipments from Moscow to Caracas from May 18 to April. May 18. According to data reviewed by Bloomberg from import genius. So, May of last year to April this year. Yeah. What's so weird about that is that it's like, okay, this is a public record. This was reviewed by Bloomberg and import genius, which compiled Russian custom records that obtained through private sources. The cash came from Lenders run by the country's governments and went to Venezuela Development Bank. Yeah. I don't know if it says that that's public though. Private sources through customs records, but private sources. I'm not sure what that exactly. Pretty well. Oh, I imagine Russia is not happy that story's out there today. So, they didn't think that that might be public. Maybe they just don't care, man. Yeah. They don't seem to be being held accountable for much these days. They're not worried about anything right now. Look at it. Dow. Dow right now up 228. Nasdaq is up 75. S&P's up 23. We have gold flat. Silver also flat. King dollar. King dollar down 128 ticks. Notes and bonds down three ticks to 10. 13 to 30. Come right back. Hi, folks. Tom O'Brien here. If you'd like to get my daily newsletter, 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, which stops and price targets included for every trade in my newsletter. 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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. Now it's up to $233,000. Some 74 S&Ps are up 23. And if we go back to Britain for a second, you're going to see this is kind of wild how this can work. Politics is pretty wild right now across the board, right? Yeah. But it is. So this is the article you were talking about, I guess, and it's talking about the Nigel Farage, who is the Brexit Party leader threatened to fight for every seat in the December 12th election if Prime Minister Boris Johnson refuses to abandon his divorce deal with the EU and commit to a clean break. So you got Nigel Farage, the farthest of the far, right? You could call it over there. It wants just a clean break. And so what this really speaks to is that you have many candidates over there. So you have multiple conservative candidates running for the same seat. And to sum things up, it goes down further in here, is that there's concerns among conservative activists that the Brexit Party will split the anti-EU vote in some parts of the country costing them seats they could otherwise win. So you got, you know, a Farage candidate, you got a Boris Johnson candidate, and then you have the Jeremy Corbyn candidate. And even if the conservatives have 60% of the vote, they might split between kind of the staunch Farage, the more middle of the road, maybe call it Boris, and allowing the Corbyn. So Farage's playing hardball. He wants to agree to a non-aggression pact with Johnson in which conservative candidates would stand down in seats where his party is well placed to beat Jeremy Corbyn's labor. Lots going on over there now. I know. There are 150 seats in the county that labor-held consistencies that the conservative party have never, ever won in their history, Farage said. The only way to solve this is to build a leave alliance across the country. And then his view matters. The Brexit party topped the polls with 32% of the vote in the EU parliament elections in May. And while it is unlikely to win many seats under Britain's first past the post- electoral system next month, Farage is looking to cash in on its power as a disruptive force. Man, it's going to be coming down the line. December 12. December 12. Yeah. I mean, we've been doing this now for quite some time. No, wasn't it? We're in November. October 31st, I thought. Right. Yeah, exactly. Pretty remarkable. Let's go take a look at the financials XLF. I believe the Berkshire Hathaway BRK, I think. Did Berkshire just come up with numbers? I believe they did. They had a little woes, I think, I saw up there. Oh, they're flat. Okay. Oh, no, November 2nd. Okay. Oh, okay, yes. You're right. November 2nd, so. Wait a second. That's tomorrow at 8 a.m. What's going on there? Oh, that means. Oh, no, that's right. That's what he does. I wonder if that's the. Yeah, yeah, okay. Yeah, let's. You know what I did? That is the headline I was thinking of. Why not click on that top one? Underperformance splits investors ahead of earnings. Let's see. So Berkshire Hathaway's rotation of investors over the past few months points to the question lingering over the conglomerate as it heads for the worst annual underperformance since 2009. Is it worth waiting for Warren Buffett to make a dent into his record? Is that a big number? $122 billion in cash. Cash. Yeah. So Ackman's, Bill Ackman piled in, David Rolf exited. So Ackman's stake in Berkshire disclosed in August is a bullish bet. His idea is simple. Growth at Berkshire's underlying business and the company's competitive system will boost earnings even if the funds aren't deployed. Rolf, whose firm had been a Berkshire investor for decades, grew tired of waiting. Interesting. Wow. You know, if you're in the market, you follow him, Buffett, the king of coming in when people really need capital in a period of distress. We're not in a period of distress, man. You can't find those types of deals right now. If anything, people are overpaying. Yeah. So here, I'll put this up. This is all the 13F filings. I'm just going to do the largest buys first. There's Berkshire. Oh, there's Ackman right there. Coming in. He came in 3.5 million shares. And you're at a $200 stock, right? So 3.5 million. That'd be $35 million if it was 10 bucks. That's $350 million. If it's $100 stock, that's $700. So $750 million, $800 million position, something like that. And then let's go into the sell. Oh, that's interesting. So capital group, this is a big fund out in California. It's like a fidelity. Okay. They sold some of their position. They sold 3.9. Well, is that, yeah, it's June 30th. I could have said, I mean, maybe I'm not sure who Rolf runs. Maybe it could have been because this is a fund liquidated completely of 1.6 or even 750, both of those Royal Linden asset going to zero. Yeah. So you get the yin and yang there. All right. Some Saturday morning earnings for those fiends out there looking for action on Saturday morning. You can't trade it on Saturday morning. That's how smart Buffett actually is, folks. Okay. Because the bottom line is that what is so intriguing to me is that some of these companies will do their earnings like two or three hours after the market's closed, right? Sure, sure. I think it's really smart, you know, because it's like, you know, you do it right away. You know, people are going to trade it. And, you know, sometimes, yeah, you can go up 20 bucks, but you can get down 20 bucks. Yeah. And if they have more time to think about it, you know. Yeah. Calmer minds prevail. A little bit less impulsiveness when you have that. Let's go take a look at that silver market. So we get Friday. Your bottom line is already rejected. Well, that silver didn't even move along. Well, is that going to be the intro today? When is that? Did we get the full move on that? Yeah, we do. Okay. Yeah. So you get 1807. You get 52,000 contracts. And that's saying, well, it's higher price, too. And what did happen last night, folks, is that inside the GDX, this volume came in. Now, the GDX is always intriguing because they put so much volume in at the close and look what they did. So, right, I'm on the air, right? And 59 million is what you needed. And like 10 minutes coming into it, I don't think we're going to make it, man, because it was like a 49 million or something. End of the month, man. End of the month. Look at this. Yeah. 79 million. Sure. 2818, you're going into 2817 and you took it out. Yeah. So that's saying also that we have more buyers and sellers inside that market, which is pretty cool. Yeah. There's no doubt. McDonald's. What's a Big Mac, dude? I'm buying enough Big Macs. They got a good deal going on there. I think it's buy one Big Mac and the next one for a dollar. Just watch your cholesterol and your salt take on that. You know what? When was the last time you had a Big Mac? Remember, I was telling you about where I was out and somebody got a Big Mac and I got, and I said, ah, they got a deal. Buy one, get one for a dollar. You know what? Make it two. Make it two. And I had one so a couple months ago. I could go for one right now. And the way they were getting it, which was delicious, man, I think they held the lettuce, which the lettuce is fine and extra special sauce. I definitely want the extra special sauce. And the best way to, and then you know it's a fresh one made. Whenever you, you know, they got to make it fresh. It can't be, and I think they do so much business. You're always getting, I don't know, giving McDonald's a little bit of benefit of the doubt, but when you tip to the wise... Did the Big Mac have two burgers on it or just one? Two patties. Come on. That's their ad, man. I know. Two patties, special sauce, pickles, lettuce, onions, right? And I almost have it in my head without trying. That's good advertising for them. That's who we're going. There we go. Right. Good Friday Big Mac. The sodium though, I'm serious, folks. If you're worried about sodium, it is off the charts. In most processed foods, so be careful out there because I think one Big Mac, it almost has enough sodium for your daily intake, let alone the sodium in everything. So be aware of that for sure. Processed foods the sodium take is just off the charts. Yeah, there's no doubt. JP Morgan. Let's go take a look at JP Morgan. The bottom line is that the fed saying they're done for a bit. JP Morgan's up two bucks. And this baby here, I think they sit at all-time highs too. Not bad. I can just do it this way. Living the life. Oh, interesting though, 90. Oh yeah, 127.42. What was it? All-time high two days ago. Well, yeah, that's going to be the high of 52 week, right? Yeah. Stay right there, folks. Tommy and I are coming right back. We'll be right back. Thank you. We'll be right back. information about the target first mortgage program, you can call me at 877-518-9190. That's 877-518-9190. If you haven't checked out the newsletter's 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 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. 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Distributor for 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 in California. I mean, I'm sure that they're wanting this calendar to move forward so this wildfire season is getting over. I don't know how the rain works out there if it even is even possible but that would be nice, man because it's just day after day. New California blazer up says wildfire season refuses to let go. Southern California battling yet another wildfire which has spurred a new round of deliberate blackouts by Edison International and mandatory evacuations. Edison cut power supplies to 950 Ventura County homes and businesses after restoring power to 87,000 customers in the last two days. The new blaze named Maria comes as the state is starting to recover from a wildfire season that's disrupted the lives of millions of residents. Maria began at around 6pm yesterday just north of Los Angeles and now covers about 8,000 acres according to the Ventura County Fire Department. Look at this picture, man. Yeah, the pictures are stunning, man. I'm not sure if you saw any of the pictures. I'll pull it up at the next break. The Reagan Library out there an amazing facility. They had a Republican debate out there in 2016 stunning windows and you look outside the windows and there's fires raging everywhere and hopefully it survives it. I'm not sure the topography of how that works but it's just countless, man. You know the pictures. Next to the highways we talked about it is. Okay, so I see, so this is a long way to go. Are they saying the new outbreak shows the wildfire season which runs through December. Okay. December. It's November 1st. Yeah, remains a challenge even as fierce winds that have ravaged the state for several days have eased and there you go no rain in the forecast for at least the next week. That would be the biggest reprieve, right? You finally get some rain. Yeah, some place. Yeah. It is winding down out there but there continues to be very dry conditions, says a meteorologist with AccuWeather. Unfortunately it remains very dry so they are not getting a break as far as it goes. Yeah. You have PCG, let's see how they're trading today. Yeah. Up or down 20%. It seems like it should all be priced in at this point but nonetheless if it persists above expectation $6.44 who knows if they'll be around to you. And now you get the high bottom low laying out at $3.55. Before folks we had the high volume low laying out at it was $5. It was $5. $0.85 or something. No, no. That's a little far back but yeah. $5.07. Yeah. So we'll see. It's interesting here on a monthly that could have been the test. That would be weird but I wouldn't be buying PG. I know I was about to be like that's the test. It's not even close. There's no doubt about that because yeah you're going against mother nature and guess what you know even there's a couple articles actually about the CEO he can you know have the best skill sets out there as the CEO but the reality is that guess what man mother nature is bigger than anything if you know so. I agree. There's some unmanageable situations and I don't know who the CEO is. I don't know how long they've been in there for because you know there could be some blame if you've been in there for a while but he's only been in there like about a year but he ran the Tennessee Valley Authority for like 25 years. Okay. You know so yeah he's run a big huge yes sure but the reality is that no it may be untenable for sure. So they're asking about the VIX quite a number man so that low going back to where is that yeah about April 1103 and as we reach all time highs man 1230 right now in the VIX drilling this down to a little bit of a 15 minute because you saw some volatility yesterday almost getting to 14 and then just like that man we're back down to almost $12 on the VIX yeah it would make sense all time highs totally all time highs but probably we'll see what happens we'll see what happens it's uh we're now in November let me say it we're now 12 months out from a presidential election man November of 2020 and it's gonna be remarkable how that kind of volatility the market does not like uncertainty right and no matter who Democrats come with there is gonna be uncertainty I don't know what's gonna happen in the election but nobody does and there's a stark contrast between the Democrats and the Republicans and I wonder how the market's gonna handle that contrast coming up to election day yeah because I would be hard-pressed to see it shugging higher higher higher just with uncertainty you know the market does not like and and uh it's gonna be coming quick man coming quick and the kicker here folks is that the note and bond market still wants higher price lower yield so it's like okay where are you going with that um you know the Fed said that okay they're basically done for a bit that being said the market is saying hey we're gonna buy notes and bonds hand over fist and that means the lower price is coming at us if we do look in the world you're gonna see that we're still really high compared to 1.71 right now France is still a negative and this is on the 10 years France is still a negative, Germany still a negative you know Sweden and Netherlands Switzerland's been a negative forever half half a percent let me have a hundred thousand dollars hold it for 10 years and I'm gonna charge you a half percent I know and I'll give you back less than a hundred thousand dollars yeah yeah and that's that's real and that's uh no one has quite figured out how that even works folks okay but the bottom line is that it is what it is yeah that's true it's a reality we find ourselves in we're gonna take a look at the uh x oh oil let's go take a look at that oil market so oils okay so we take a look at oil you're up a buck 55 23 out here so yesterday this is still saying once lower price we came down a volume yesterday yeah look at this so we came down yesterday with 677,000 contracts you're up today in 243 yeah I mean the oil market really reacts to those trade concerns oh yeah big part yesterday you really get a pullback on the the China US uh no deal come in trade concerns that's gonna hit the worldwide economy that's gonna hit the oil market and you saw that yesterday and if we take this you know put this on a continuous basis you're gonna see that we've been in this for quite some time and the the oil companies themselves uh they're having a hard time getting any traction whatsoever and the thing is well that at 55 bucks it's not bad man I mean we can go all the way back well it's not yeah it's December of 2014 you know I guess you call that consolidation what do we make it down to I mean we made it down to 27 dollars and we made it up to 80 26 76 that's quite a consolidation 42 yeah you know wait when you I know what you're saying but this I mean going down to 25 up to 80 there's some volatility I'd really put it almost since uh that beginning of 2019 kind of 147 well that's a different time in the world yeah 147 to 08 and then six months later 32 dollars yep and then we made it all the way back 100 that is oil wild cat stories that's why they're rich people in the oil business and poor people in the oil business and the world is a different place man I don't think Tesla was selling cars back then you know as in there's a lot more pressure on the price of oil right now we as the US we produce a lot more oil domestically oh yeah and we have a lot more alternative energy sources available so keep that in mind when you look at that chart in 2009 and you say ah it was down to 32 we made it back above 100 doesn't necessarily mean in a changing face and look at Tesla June of 2019 it's 176 and it's 312 yeah hey they're making money now man big number it is big number so yeah folks Tommy and I are coming right back down down industrials right now trading up uh it was called record eyes not in the Dow yet but every one 238 S&P's up 22 Nasdaq up 71 come right back I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait 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 mastery 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 6 and 3 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 is transforming into one of the best at what I do sign up for mastering probability today by clicking on the newsletter tab on the home page of tfn.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 to sign up today if you're a trader in the market looking for a 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 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 5 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 tfn.com in 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion well 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 and 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 tfn.com cancel at any time during that trial and pay absolutely nothing get your two week free trial to Basil's newsletter the opening call by visiting tfn.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 tfn.com welcome back folks and as you come over to our website at tfnn folks you're going to see our man Mr. Basil Chapman he's going to be doing a webinar for his subscribers it's going to be on November 19th that's a Tuesday from 5 to 30 and guess what folks okay when you see this webinar the bottom line we are talking about 2020 remarkable right we'll be there in no time man less than two months left in the year November 1st today this subscriber webinar November 19th excuse me that's two weeks from this coming Tuesday I encourage people get in there sign up for the opening call Basil does a great service updates every single day he at least puts out an update Saturday or Sunday along with Monday morning so great time to sign up Friday don't think you're missing out by sign up Friday until Monday get in there ahead of the weekend update you'll gain access to all the archives today and you also gain access to a number of archives in here so he's got five separate archives a lot of those 90 minutes long you can take some time this weekend check out what he's been talking about whether it was his webinar he did for subscribers in August June he talks about you know the Chapman wave tools we expect as we go into the new year and he's doing that again he's looking at you know look at this first one this is pretty cool so the first one he had done August 21st folks and what it was what stocks can lead the market higher after this correction is completed I'd say that correction completed exactly exactly and he said you know he's got some great picks in there already 15 to 30% entry-year winners and by request from current subscribers Basil's put together this webinar he's going to talk about the Chapman wave techniques that helped in their successful analysis that includes the rhythm of price movement in all timeframes the practical application of moving averages arching cup and the CW and he's also going to be talking about the stocks and sectors of importance going into 2020 check it out on the front page of TFNN.com folks stay right there we can think of some coming up next and we get on man Mr. Basil Chapman Steve Rhodes Steve White I'll be back this afternoon so let's go get them folks