 The following is a presentation of TFNN. The Morning Market Kickoff with your host, Tommy O'Brien. And I apologize. My computer is playing catch up after being off for a week. It seems just one moment for me. And let me see if I can get this up here. We got markets in the positive to kick things off right now. You get the S&Ps up by about nine points. And as I said, forgive me as I get these charts up. Get this out of the way. Okay. And here comes my chart, ladies and gentlemen. One, two. Okay. And as I said, if my computer sure could let me know if I am live because right now we get the S&Ps up by about nine points right now jumping into a five minute chart. We're on. Perfect. I appreciate it. All apologies, folks. Seems like we got things working now and we got a positive market boy. I missed quite a week of the end of the week last week. I appreciate Basel Chapman filling in one day. Our man, Jacob Shoup, filling in for a couple days, but good to be back and boy, we got quite a market. Quite a Fed week last week. We have the S&Ps this morning. A lot of Fibonacci lines on this chart. Let me take those off for a little bit of clarity here. And as you can see quite the acceleration on Friday on the jobs number, we trade up to almost 4,400. We're trading right now up by nine points on the S&P to 4,385. NASDAQ 100 this morning up by 33 points trading at 15,000 to 12. The Dow up a similar number, 33 points, 34,169 right now when we get the Russell, barely in positive territory. Crude this morning up a buck 17. We almost got a 79 handle towards the end of the action on Friday. We're trading up a bit up a dollar 14 for Crude. You jump to gold right now back and off from the highs. Check out the volatility on Friday, right? You get a spike to 2012. You give it all up by 930 and we're chopping around almost where we were to kick off the Friday session trading at 1993 and the price of gold. You jump over to notes and bonds. Boy, they were the focus. I was on vacation in the Great Smoky Mountains of Gatlinburg, Tennessee. Severeville, Tennessee was where I was staying. Got to see some beautiful stuff. I'll pull up some pictures later in the program. But boy, I was keeping my eye on yields, most importantly because we've been talking about this channel line. I couldn't get weight to get back and talk about it. Now, the only question in my mind here is have we had a test yet of the breakout of this channel? If you're looking at my charts on Tiger TV, we got the 10-year up here, quite the channel line. We saw how this thing really started talking about this remarkably, almost a month ago as you really started to take shape as your challenge to the top level of that channel line and that is October 12th when you were up at about 108.5 as in 108.16. You trade lower to 105.10 and boy, it's been quite a resurgence. That resurgence mostly taking place in the last five or six days last week from where we were at a 105 handle to 107.27. Now that's on a daily chart on the 10-year. You zoom in a little bit and let's just put it on like an hourly chart. Okay. So you can really see how this thing came out of the channel originally. Now that's going back to October 12th. That's where we originally got that spike. I was talking about on the program saying it's a critical area, right? We're going to get a reversal. Boy, you got a reversal right out of the gate, man, October 12th. You trade down almost within what, the bar there? Was it about 105.06? You make it to 105.10. So three or four ticks away from actually hitting the bar, the channel line on the lower boundary. You come out of the channel line. Okay. It was so interesting, man, is you break out of that channel line and look at the pullback. Almost a perfect test. Now it could be a perfect test, but it's an art not a science and you're right around. Just give me one second here. There we go. You're right around that line as in that's that might not be a real test. That just might be the breakout. Okay. Now it's interesting is, is if that's the breakout, right? You really get a little breakout and then you get a test. Maybe that's what we're coming for right now. And you're about 20 ticks away from that test. When you're looking at that price level of 107.27, you're looking at 10-year yields right now 4.63 percent remarkable when you go from five to 4.5 like that. We're pairing that a bit 107.28 but look at that area. Keep it on your radar, man. 107.05 you back things out to a daily yet again and as you can see on a daily basis, there's really no retest, right? There's no retest of the breakout of this channel line. You see it when you put it on an hourly or something like that, but I think you really want a breakout on a daily when this is so well-defined on a daily basis. You want to come out of that channel line, come back and retest it. So that's what I'm looking for and keep your eye on that and maybe that's the area that you really get an acceleration market. Not quite sure yet. I mean, we get the 10-year up seven basis points to 4.63 percent. So you get a 4.5 handle to start the day. We're trading right now at 107.28, but that's what I'm most watching most importantly this week in terms of yields. Are we going to get a pullback to that channel line? If we do get a pullback to that channel line, how do we react? And we go forward from there. 30-year, we're down by 25 right now. Basis points, excuse me, ticks, not basis points. 1.12.28 on the 30-year and we jump to the VIX this morning. Quite the resurgence in the market. Yeah, my computer's just a little bit slow this morning. Apologies and talk about volatility getting sucked out of this market, premium getting sucked out of this market. That's a pretty dramatic volatility squash in terms of going from 21 to actually a 14 handle to end the day on Friday. Now, interesting that we pop a bit, but in all context, you were actually negative and the S&P is coming into the Sunday future. You should check out the open last night. We were down to 43.73, so 10 points lower. I guess you were just off by three points or so. Yeah, that's when I was going to bed basically looking at the lows, eight, yeah, eight or nine o'clock checking in on the futures and you were basically flat last night. So interesting, you got a little bit of a VIX to higher volatility, but 15.13 is the tag there. All right, in terms of what we're going to talk about, we got a lot to talk about, but let's take a look at some of the magnificent seven as we come in Amazon shares. Last Monday was pushing a 120 handle. We're pushing almost 140 as the close of Friday. You jump over to Apple, disappointing numbers for them and they almost get it all back, right? Remarkable, you were coming into the earnings at 177. You trade down to 174 in the open on Friday and by the end of the trading session, you're back to a 176 handle, basically where you were at the beginning of the session on Thursday. I don't know, that's a little bit dicey when I look at things, of course, you have the Fed acceleration. Chairman Powell is a big week last week, man, the Fed and Chairman Powell listening to his press conference. When I was out in those great smoking mountains, I had Chairman Powell up there live on Tiger TV, checking it out, watching the press conference at 2.30 till about 3.15. He went into my dad's program, finishing up maybe even 3.30, right? He had a good long press conference there. He was pretty strong in his words and you should listen to the chairman and he was talking about the risks and he was saying, listen, we're in a fairly restricted policy, okay? And the risks are now at least equally weighted and I'm paraphrasing, okay? My interpretation, at least equally weighted, if so, if not more so weighted to the harm that they can do by more hikes versus the risk that they are opposing by inflation raging. They are now more worried about their hikes causing harm. So keep that one in mind as we go forward. Stay tuned, folks. We had a lot to talk about. We'll talk some of the numbers as we get back. Stay tuned. We'll be right back in three minutes. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. 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Back folks, we got the S&Ps right now up by about 8 points trading at $43.84, NASDAQ 100 up by $31, Dow up by a similar 31 points right now in the Russell and Positive Territory as well. Keeping our eye on yields. You're chumped over the 10-year right now. Down to about 15 ticks, $107.28. We were talking about it earlier in the program. Keep your eye on about $107.05 somewhere in that area. Maybe we pull back for a challenge of that channel line to retest that channel line, and boy, you ever get an acceleration off of there? You're talking about lower yields across the board. We'll see where we go. Right now you're talking about a 10-year. What are we talking about? $4.63, yeah, 4.63%, the yield on the 10-year. All right, let's talk a little bit of ETFs. So this is an interesting one. Talking about settlements, right? It's always interesting in terms of the amount of days some of these transactions take to settle, at least financially as well. And what this is talking about is U.S. regulators are speeding up settlement times for securities trades, and it's supposed to boost market efficiency and protect investors from potential losses, okay? But boy, it's interesting when you look at the ETF market, especially when you look at the ETF market with exposure to markets outside of the U.S. where they're going to be dealing with different settlement dates and how that's going to impact the cost of those ETFs because they are going to have to spend more money theoretically, this is all theoretically to keep in step with the ETF and the underlying assets that they have. This is 500 U.S. listed funds that hold overseas assets. So this is particularly important when you're talking about ETFs that are holding assets outside of the U.S. That's where you're going to have different settlement rules. You're going to have settlement rules with ETFs settling quicker than the transactions underlying those ETFs or settling themselves, creating costs for the ETFs which are definitely going to come down the line at higher fees for consumers. So while transactions and shares of the ETFs themselves are going to settle in one day down from two currently, the underlying assets will still take two to five days to complete depending on where they're listed. Now that's going to be a double problem as they say for liquidity providers who are essential to the mechanics of an ETF, they're going to be obliged to post collateral for an extra day when the money's flowing into the fund and will potentially have to borrow cash when it's flowing out. On both sides of the equation, it means extra costs that will likely be shouldered by investors. So you can go down the line here. Of course, there's two sides of things in terms of who says what is going to impact investors and consumers the most. But it's an issue and it's going to be interesting to see how you have a settlement for ETFs going in one day and how that potentially impacts many ETFs that hold assets overseas. And yeah, it would make sense that those fees will go up in that type of a category. All right, what else we got going on? You can't have a Monday without talking about two of the richest people in the world, right? We'll start off with Tesla. Tesla getting a boost today is they're going to build a $25,000 euro car in Germany is the headline. They're trading up $3 this morning. There's Tesla shares talking about breaking out of their channel line. You gap away from that on their last earnings. And boy, the same respect talking about channel lines. Whoops, I didn't mean to delete that. Now here's what's cool, man. If you're looking for a little bit of a reversal of Tesla shares, right? You're saying I still think it's overvalued. Maybe you think the markets do for a pullback in the same vein. Maybe you fill that gap and test that channel line and then maybe the acceleration really begins. Tesla's got some problems, man. The auto industry's got some problems. Tesla's trying to ramp up economies of scale, decrease profits. Markets should be worried about that and they are. Yeah. So the headline here and bring it over yet. They plan to build, excuse me. Yes, a 25,000 euro, which is only $26,000 car in its factory near Berlin. Talk about going for the masses, right? Elon wants to push it out to everybody. It makes sense, man. In a long-awaited development for the electric vehicle maker, which is aiming for a mass uptake of its cars, 26 grand, man. Boy, you're going to sell a lot of cars if you can sell them for $26,000 for a Tesla right now that's electric. Yeah. All right, what else we got in terms of some headlines with some specific equities this morning? You got Paramount. Yeah, they're trading a little bit lower. They got quite an acceleration on their numbers, but guess what? Bank of America downgrades the stock to underperform from a buy. Paramount is less valuable if it isn't considering selling off some of the assets that they have. And there's a little bit of acceleration lower. You got Dish trading lower as well. They're out with their numbers. They miss expectations. 550, boy, that's quite a haircut, right? 10, 11%. So they lost 26 cents a share in the third quarter. When the market was expecting you to make 5 cents a share, never good when you're supposed to make money and you end up losing money. Watch out for that equity today and take a look at this thing, man. Right? Some of these equities, man. Dish also reported $3.7 billion. Excuse me, $3.7 billion in revenue, falling short of $3.72. Yeah, they're in trouble, man. It's interesting, they always have that NFL pass, right? That is something they don't even control anymore. And look at this. You go from 482, I mean, what's that, a 15% acceleration from Wednesday until Friday and you give it all back by their earnings on Monday morning. Yeah, so this one's quite a headline. You got on Citi. Citi Group considers deep job cuts as their CEO's overhaul starts taking shape. 10% beyond. Executives will see cuts beyond 10%. Eliminate regional managers, co-heads, and others with overlapping responsibilities. You jump over to Citi. Yeah, no huge reaction for Citi shares. Let's take a look at some of those other automakers. Yeah, GM, look at these. Yeah, same deal, right? You know, channels work both ways in terms of channels. My dad calls it ice sometimes, right? Visual areas of support and resistance. I mean, check this up. Just going back on a three-year, right? What area is the critical area on the bottom side of this? $32 potentially, okay? Now, you come back up, you're gonna face resistance. That area of support could potentially, nothing is for sure, right? But it would make sense that could turn into a little bit of an area of resistance, $32. And boy, maybe you jump up to that area and you trade lower. There's your five-year weekly. Now, even more interesting that that area correlates to the 618 in the entire run you had from 1433 up to 6721. You know, you're looking to get short on any of these automakers, man. As is always the case, folks, one of the most important things when trading myself in my trading journey, you gotta take stops, you gotta set stops. And one of the coolest parts of when you set trades up like this, right? Is you make a plan, you trade the plan, as Mr. Larry Pezzavento would say, and then you know whether you're right or wrong, okay? You're looking for a shorter GM, man. That's a nice area. You've turned an area of support into an area of resistance. You're about $2 above where you're at right now. Not necessarily will you get that. You might miss the trade, but you'd much rather miss a trade, folks, than being a losing trade, okay? Because there's opportunity cost. But one cool tidbit, right? When you're looking at trades and I learned this from playing poker, all right? We'll talk a little bit about this when you come back, even. Or maybe I'll finish the stop, but we got about 30 seconds until the break. When you look at a trade, right? Say to yourself, do I need to make this trade? Say to yourself, am I losing money by not making this trade? And then ask yourself if you should make the trade. Don't say, can I make money? You can always make money. Make sure the setup is good enough where you say to yourself, you know what? I might be losing money by not making this trade. I'm gonna talk a little bit of mentality because, boy, the mentality of trading is many times more important than the technicals itself. Stay tuned, folks. We're coming back for the opening bell. We got a lot to talk about. Stay tuned. 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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. 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 got markets open. We got the S&Ps up by 10 points right now. NASDAQ 100 up by 36. The Dow catches a little bit of a bid on the open there. We're up by 82 right now and the Dow and the Russell positive by one. Okay, so jumping back real quick, aside from the charts, what I was just talking about is something I found myself using many times when you're looking at a risk scenario, right? I've played a lot of poker in my days. And what I used to do, folks, if you're not familiar, I played online primarily during its heyday. Now, it's absolutely remarkable that online poker was shut down, was it 2015? I'll have to look it up. It was tax day. Let's see, I'm gonna look it up right now. They call it Black Friday. 2011, I can't believe it. I thought it was 2015, 12 years ago. So it was on tax day, April 15th, 2011, that the Justice Department basically came after Poker Stars and Full Tilt, okay? Which were the two big juggernauts in the industry at the time. Full Tilt ended up being basically a Ponzi scheme. Poker Stars was a well-run company, had everybody's money. Long story short, for about two or three years prior to that even, I was playing primarily online and I would play 20 tables, 24, the max you could play was 24 at the time of cash game poker, okay? And the reason why you could play 24 tables and actually even amass any type of strategy was because they have tracking software, completely legal and regulated as part of the ecosystem. But what happens is, is that if you're playing on four tables, that software is tracking the games you play. So you're not using data that anybody else doesn't have. You're just actually organizing that data and tracking that data in a better fashion than people who are not using that software. So the online game accelerated in ways that many of you can probably appreciate out there as traders using data, right? So I have this software that would then put a heads-up display over each character or each player, not a character, right? They're real people that I'm playing poker against for real money. And that data would display, okay, this person is playing 15% of their hands. They're raising 5% of their hands. They're folding when they're raised. They would tell me all these statistics coming off only the data I would play with them. But the kicker is for professionals out there or semi-professionals playing 20 to 24 tables at the same time, the amount of hands that you're putting in can be about 1,000 an hour. I could play 10,000 hands in a day. I could play 200,000 hands in a month. You could play theoretically a couple million hands in a year. I think I played a million plus hands in one year. Big data sets, right? So before you know it, any people who were at these games, I had a huge data set on to know, oh, this player is the very tight player. He's only raising when he has 8% of his hands. Well, what is 8% of a poker hand? Well, you can pull it up real quickly in a distribution chart to see that if they're raising only about 8% of their hands, do you know what 8% of their hands are? 8% of their hands are basically like Aces, Kings, Queens, Jacks, 10s, Ace King, Ace Queen, Ace Jack suited, Ace 10 suited. That's it. Something like that. It'd be a very, very tight range. 8% of your poker hands. Okay, so I did all that. And I explained that because when you're looking at large data sets and when you're looking at something like a long-term average, right? We're either traders or investors out there. Don't look at it as a one isolated scenario because I was playing so many hands that if I ever just took the approach that I wanted to see, you know, when I had a hand like Jack 8 suited or Jack 5 suited, I said, I'm feeling it, right? I'm feeling it. I just want to see a flop with Jack 5 suited. Folks playing 10,000 hands a day, you start seeing flops all over the place, right? Your money is gone. Okay, because it's too loose of a strategy, especially at those games, which can be very difficult. The way I shifted that mentality is that I asked myself on every hand because I was playing 10,000 of them a day. Am I losing money by folding this hand and ask yourself that when you're making a trade, man? Because say to yourself, am I losing money if I just don't make this trade? Am I losing money as in in the long term, right? In the long term, if you're playing a poker game and you got pocket aces, man, okay? And you always hear about the stories or people saying, ah, I got broke with pocket aces. I just like to raise and get all in, not see a flop, do all this stuff, right? You are losing money by not risking money with pocket aces. Does that make sense? It should. You're losing money in the long run. If you're not willing to put money at risk when you have an advantage. But you're sure you have an advantage with pocket aces because they're the best hand in the game, okay? So even though any other pocket pair, you can get pocket aces in against pocket twos, okay? Guy goes all in with pocket twos. Girl goes all in with pocket twos. You get it all in pocket aces. They're gonna win that hand one out of five times. You're gonna be a loser 20% of the time. I just told you I'm playing 10,000 hands a day, okay? 10,000 hands a day. Aces come, I think one out of 256 hands in poker. Let's see. 221, okay? So you're dealt pocket aces, about one out of every 221 hands, okay? Well, let's just say it's one out of 200. That means you're gonna get pocket aces five times out of 1,000 hands. And guess what? If I'm playing 10,000 hands, I'm gonna get pocket aces 50 times over the course of that day. Five, zero. Well, what does that mean? That means I'm gonna lose with pocket aces 10 times a day by playing the hands that I'm playing. But guess what? I'm losing money in the long run if I fold those hands, okay? So think about that mentality as a trader though. Ask yourself that question. When you're feeling the itch to make a trade, say to yourself, is this a profitable setup where I believe in the long term, if I don't make this trade, I'm probably giving up money because it's such a good setup. Versus saying maybe I just feel like it's a good trade and I'll keep my, you know, make that mentality, ask yourself that question, man, because that's something that's helped me a lot. Look at things and it does come from poker because it changes the mentality. It's almost how Larry thinks about it, right? It's not what you can make. It's what you can lose. So first of all, look at something and say, is it worth it for me to put this money up to risk and potentially lose it because the probability of a profit is enough? Ask yourself that, okay? And in poker, it really changed my mindset and it allowed me to play hands in a different manner where I would say, no, no, no, I know that I'm risking money. I know that even with pocket aces, they're gonna have a good chance of taking me down. I just told you, man, I might lose 10 times a day with pocket aces, but guess what? That means I win 40 times, okay? So ask yourself it, either way. All right, let's see what else we got going on. Let's check in on the markets but the mentality side of things, folks, you know, what Larry brings to the table in that same way, it's not what you can make, it's what you can lose. A little bit of a similar attitude to think about that, you know, it's not what you can make, it's what you can lose. Are you losing money by skipping out on this trade in the long run? Ask yourself that question because I think a lot of times you look at a setup and you say, I might not be losing money in the long term, right? I can probably wait for a little bit better setup maybe. It's not super ideal where I think I'm just giving away money by keeping the money in my pocket because we got some volatility coming down the line, folks. Look at these swings we're getting in the S&P's, man. We were just at 41.22 and just like that, we're trading at 43.85 right now. All right, what are we going to talk about? Yeah, this one's an interesting one. So this one was out, I think, on Friday. I was reading it this weekend. Let's see. Remember third? What day is that? Friday? Yeah, so this one was out Friday. I was reading it this weekend. Didn't do the program Friday. Of course, our man Jacob Schup was filling in. I appreciate that but keep this one on your radar, man. Zero coupon fonts, convertibles, maturing, 2026. That's going to be coming up in about a year and boy, they're going to have some difficulty. And this is all on the bedspot. We'll talk a little bit about this. We'll talk some earnings this week. We got Disney. We got Uber. We'll take a look at it as well. Stay tuned, folks. We'll be right back. Tires every Tuesday and Thursday. Timor joins the Tom O'Brien Show to share his unique insight that he's developed over decades of trading. Now on Tuesday, November 7th from 4 p.m. to 5.30 p.m. Eastern Time, Tim Ord will be hosting his own live webinar. Tim's analysis has been outperforming market returns by almost double and his gold analysis is on track to be a winner as well. Tim will be delving into six secret ratios that every trader should know. In this webinar, Tim will be covering the Daily TLT VIX, the Daily and Weekly Spy VIX, the American Association of Individual Investors Bull Bear Ratios and the Trin Panic Levels. Tim will break down each ratio, how it is calculated, its importance and how it can help you make bigger returns. It's as simple as this. Learn the ratios, trade by them and see your returns. That's it. Visit the front page of tfnn.com today to sign up now. TFNN, Educating Investors. 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 and 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. Will the S&P 500 continue to climb for bold trades on U.S. large-cap stocks in either direction, trade SPXL, SPUU, or SPXS? Directions daily, S&P 500, bull and bear, leveraged ETFs. Direction leveraged ETFs. An investor should carefully consider a fund's investment objective, risks, charges and expenses before investing. A fund's prospectus and summary prospectus contain this and other information about direction shares. To obtain a fund's prospectus and summary prospectus, call 866-476-7523 or visit Direction Investments.com. A fund's prospectus and summary prospectus should be read carefully before investing. An investment in the fund is subject to risk, including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Back folks, we have the S&Ps up by about 6 points right now, trading at 43.83. We spiked to 43.89. That's the market open. We've given it back right to the opening bell. You got the Russell rolling over. How about that, right? Russell, man, so volatile. Off by 13 points right now. That's about three-quarters percent right now. At 17.54. You get the NASDAQ 100 up by 53. You got crude right now. Up a buck 32 at 81.84. We check in on gold. Gold contract down about $6 right now. Trading at $19.92. Let's check in on yields for sure. Hanging about $107.28 as I mentioned, right? On the daily basis, you back things out. You're looking at a price level of about $107.05 thereabouts. Maybe we test that area. That's going to be a critical one. All right, folks, tomorrow we got a treat. Our man, Tim Orit. He comes home with my dad every Tuesday and Thursday. If you've heard Tim on the program, he's always talking about ratios, right? The ratio of one versus another and how those are indicative of potential either. Maybe it's fear. Maybe it's panic. Maybe it's a low. Maybe it's a high. He's doing a webinar Tuesday night. It's 90 minutes. So it's going to be right after my dad's program from four till 5.30 p.m. Eastern time tomorrow, okay? The six secret ratios every trader should know and these are the ratios. The TLT VIX, the SPY VIX, the SPX VIX on a weekly basis, the daily VIX VIX, the bull bear ratio, and the trend panic levels. He'll be talking about each one of those. He'll go through how you should understand it, how it's calculated, how you can use it to trade, what it means. It should be a great webinar, folks. Check it out. The cost is $149. You can click right on the front page of TFNN. You click check out. It pops up. Six secret ratios with Tim Orit. It will be archived. It's something that you're going to want to go over a couple of times, at least. Probably more than that when you're talking about six different levels, excuse me, ratios that he'll be talking about. And yeah, that's tomorrow night. He'll be on with my data as well. Check it out. And don't wait till the last minute, folks, because we do have to get you into the room. If you're not a member of the Tiger's Den already, if you are a member of the den, it's as simple as you sign up. We tag you. You gain access to the room. You get to watch it live. You'll be in there with Tim for 90 minutes. It'll be archived on your page forever. You can watch it however many times you'd like. And boy, he's had some great calls on Tom's show, my dad's show, just some outstanding calls, really, when we've seen you in the market, accelerate higher, accelerate lower. I mean, he was on there when the market was down to 4,100 and change. I heard him talking about, yeah, I think this is, and I'm going to paraphrase, but I had some shorts on and I was listening to it and he was talking about, maybe that was a little bit of capitulation. And sure enough, it was. Maybe he'll talk about it tomorrow night and you can ask him about it if you're in that room. So check out that webinar coming up tomorrow at four o'clock on the front page of TFNN. Okay, what else are we talking about? Yeah, we're talking about zero coupon bonds. So check it out. The pandemic darlings are the ones that really got away with this and just some of the statistics are pretty remarkable. I was reading this over the weekend, as I said, Sunday, okay, and companies are going to face a wall of free debt maturities through 2026, refinancing the zero coupon convertible bonds may become a burden. May become a burden is what they say. Let me jump in here. What is that one? Here we go. Okay. So what happened here is that during the pandemic, companies from Peloton to just eat takeaway.com took advantage of investors hunger for stocks that boom during lockdowns by issuing convertible bonds which can be turned into equity with no coupon at all. Some of these statistics, man, you talk about euphoria because boy, if you were able to recognize the euphoria, I mean, they got away with. I mean, these companies, to their credit, man, kudos to them for selling convertible bonds. And this is what to look for in the future, folks. When you got companies selling zero coupon convertible bonds well out, they are saying they don't think the price is going to hit that level, right? They're not selling you convertible bonds to have no interest at a convertible price. If they think that you're going to be able to convert that into equity and it's going to cost them more than it would just to pay you a very low interest rate. And interest rates were very low when they were issuing these and still people ate them up, okay? And still they issued them. Companies still issue them even though they could have issued debt at a very low interest rate and some of these companies, you'll see. Check out 2021, man. 69 billion is what they're facing, okay? 58 billion of those were issued in 2021 and you see a year like none other man. You know, 2019, you only had 5,000, 5 billion, 5,000, 5,000 million, 5 billion zero coupon convertible bonds. You know what the best part about this is? Check out some of the prices that they pushed out to investors. Now, what's going to happen here is they're going to need to refinance these. They're coming due and guess what? They're going to have to pay interest probably on these refinancing these zero coupon bonds. There's 69 billion dollars out there and some of the pandemic darlings that are already struggling have a lot of that money out there, okay? Let's see what we got. Here we go, Peloton. This is the poster boy, right? Peloton hit a low of 430 last week. The stock's been in trouble to put it lightly, okay? Shares were up recently on their last earnings event but boy, it's been a long way from where it was in 2021. That's when it issued in February of 2021 zero coupon bonds at a time when demand for its exercise cycles and online classes gave the firm a market value of more than 43.5 billion dollars. Stock was trading at $150 a share, okay? Guess what price they were convertible at? 240, amazing. Buoyed by this, the exuberance in the market, the company slapped a conversion price of $239 on a billion dollars of bonds on the expectation that the stock would keep rising and the market ate it up. But as the market exuberance faded, the firm's performance sank in part because of recalls. It's now valued at almost $2 billion. They pushed out a billion dollar for bonds convertible at 240 bucks by the time those bonds expired, the company's trading at $5 and the whole company is only valued at $2 billion. Just crazy, right? So these are all gonna come due and some of the biggest companies out here, check out what they have. Airbnb's got $2 billion out there. Spotify's got $1.5 billion. Twitter, X, $1.5. DraftKings at $1.2. It's all the darlings, man. Beyond Meat, Uber, Snapchat, Peloton, DocuSign and the Justi takeaway. I'm not familiar with Justi takeaway. Maybe they were rocking and rolling during the pandemic. Buoyed, that's a big one in terms of how these are gonna go. So keep that on your radar. They come up due in 2026. They're gonna have to start looking to refinance in 2025 and this is going to be a burden that you're gonna have billions of dollars in debts for specific companies that are gonna have to be refinanced and they're gonna go from paying zero interest coupons to paying interest, which is gonna matter, of course. At a time when many of those companies are already struggling to a certain degree. Okay, what else do we got coming up? Let's check out some of the equities with their numbers as we talked about this week. Disney shares trade higher last week with the market up to about 85. You're positive with the market this morning. You jump over to the Analyze tab and you're talking about their numbers coming out on Wednesday and you're looking at about a 5% move. $4.76 move priced in for their earnings event. You jump over to Uber. They're out with their numbers tomorrow and Uber, a little bit more volatility, $3.16 priced into Uber earnings, 47.57 is where you're trading right now. They give it up in the open as we get the Dow giving it up off by seven. NASDAQ barely holding on to gains. Let's check out the big dogs as we come into this final break. Can't hold apples down, man, look at this. Apple at a recent high above where you came into their earnings at. Absolutely remarkable. You jump over to Microsoft shares up by 7.10%. Amazon shares up by 8.10%. Tesla up by a percent as well. Stay tuned, folks. One more segment. I'll come back with some pictures of the Great Smoky Mountains. We'll be right back. 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 U.S. 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 and 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 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. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. 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. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com 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. Back, folks. We got the S&Ps up by three right now. You get the tenure trading a little bit lower, 107.25 right now on that tenure and we jump over to some pitchers, man. So, as I mentioned, the Great Smoky Mountains will start off Tommy and Landon enjoying the cabins. We had a nice cabin, had a nice beautiful view of the mountains at one point. There they are, Tommy. He was in Halloween mode, man. He's got a skeleton. He's in a Spider-Man phase right now. Landon's enjoying the stroller as well. We jump around. I joined the party. There we are. Landon's got his Halloween outfit on there right there. Check out those beautiful mountains, man. Coming from Florida. Absolutely beautiful. We made it to the Ripley's Aquarium in the Great Smokies. We got a dinosaur and Harry Potter hanging out for Halloween, doing a little bit of trick or treating there. And absolutely amazing aquarium. If you are around the Gatlinburg area, check out the Ripley's Aquarium. Pretty cool. There's Tommy in the middle of one of the aquarium. And they had just too many beautiful things to see. There we all are hanging out at the aquarium for Halloween. And Tommy and Landon enjoying some of the features of the aquarium there. A little dinosaur man himself. He's a volcano man as well. They let you put your head up there in the volcano. The little dinosaur man Tommy enjoying the volcano there. He was excited. We were at the Land Shark Grill. Something like Margaritaville. They had a Margaritaville resort. Tommy was excited. Check it out. He was enjoying it. He was in a good mood following the aquarium. We saw a black bear on the side of the road. We went to Cades Cove, if you're familiar. A nice beautiful ride in there. We saw a black bear on the side of the road. They had a ranger there making sure you didn't get too close. We saw some beautiful deer as well. There's some deer out there. Lots of deer. We saw one bear, which was pretty cool. Tommy was enjoying his shades, those beautiful mountains out there. We were all enjoying that beautiful mountainry out there. And then you check out what do I got? You got anything else? Oh, yeah. Check out that beautiful waterfall that we made it to. Lower fall, something like that. Beautiful hike. Nonetheless, visit the Great Smoky Mountains if you get a shot, folks. Just beautiful, especially coming from Florida. Some nice cool, crisp weather with a nice beautiful Halloween. But it feels good to be back in the seat. Thanks so much for kicking your Monday off with me right here. Stay tuned. We got our man Basil Chapman. He's coming up next with the Tiger Technicians Hour. Steve Rhodes Live at 11. Fast Market from the Schwab Network at 12. Our man Larry Pezzavento. Live at one o'clock. My dad, Tom O'Brien, live from three to four. Don't forget about Tim Orrard. That was six secret ratios, man, the ratios. I'm going to be in there tomorrow at four o'clock. Don't forget about it. Check it out the front page of TFNN. Stay tuned for Basil. See you tomorrow, folks. Have a great Monday.