 The following is a presentation of TFNN, the morning market kickoff with your host, Tommy O'Brien. Good morning everybody, I'm Tommy O'Brien, coming to you live from TFNN Tuesday morning, 9.06 AM. We got about 24 minutes to go until the start of trading and markets off to races to the downside yet again. We check out the S&Ps right now, you're talking about a number down 29 points on some hot inflationary data producer price index, PPI, I'll get it out, why don't we just jump right over to it folks? Because you're talking about a number, let me pull up the headline here, you're talking about a number of 9.6% in November from a year ago, almost a 10% rise in the PPI. Now the CPI data is more important to the Federal Reserve, that's the number that they prefer for what consumers are paying, but man you cannot deny, wholesale prices increase to their quickest paced ever, we're not going back to 1969, we're not going back to 1982, we're going back ever folks. Wholesale prices in November, the latest sign of inflation pressures, bedeviling is how CNBC puts it, quite the word there, the economy are still present, the Labor Department reported, you're talking about 0.8% in November, the expectation was for about 0.5%, excluding food and energy, still quite a broad increase, you're talking about 0.7% for the month, core PPI, 6.9%, also the largest gain on record, remarkable you have a number of 6.9% when you take out energy, which we all know crude has been rising dramatically, food rising dramatically as well, you take those two out, you still got almost a 7% pop on a yearly basis, you have a 0.7% pop on only a monthly basis. Were for respective gains of 0.4% and 7.2%, meaning the monthly gain was faster than estimates, but the year over the year measure was a bit slower. Not sure how that plays out, how do you overstate on the monthly number and miss on the yearly number? Nonetheless, that's how they line up, demand for goods continued to be the biggest driver of producer prices rising 1.2% for the month, market was looking excuse me no 1.3% for October, final demand services, inflation ran at a 0.7% monthly rate, much faster than the 0.2% October rate, a sign that the services side could be catching up in prices after lagging through much of the recovery, that number out at 830 folks and man, we just drop just like that. And look at the acceleration we had, whether it was where we were at about 3 AM, the market sold off and then that 830 number for the PPI was sitting at about 4650, we're now sitting at 4630, NASDAQ 100 trading lower as well. I mean, you don't have to go far back folks, we're 500 points below where we were at 24 hours ago in the NASDAQ 100. For some context on the SMPs, you were sitting right near record territory coming into the week at 4714, so much for that idea folks, you give up 85 points in the SMPs just like that. I was talking about it during my show yesterday, I was talking about what are the possibilities of risk to the downside coming into a week like we have right now versus the possibilities to the upside coming into the week like we have right now. You were waiting for PPI data this morning, the main event is waiting for the Federal Reserve decision tomorrow, they're meeting starting today. You come into that meeting within literally 17 points of all time highs on the SMP, I think we have a high print of 4740, we were trading at 4723 overnight, we're back trading above 4720 as recently as 630 in the morning yesterday. Things really started to escalate though yesterday, you have a sell-off going from about 9 o'clock, really 830, the sell-off began accelerated on the open, accelerated into the close, we accelerated when Europe opened this morning, we accelerated on the PPI data, be careful out there folks because have your spikes up in a big way. Now I'll pull up the chart that I've been looking at continually on the SMP, right, take a look at the weekly, pretty well-defined channel line that this SMP has been in for the better part of almost a year and a half, which is remarkable when you put it that way, you back it up to the daily to see where we're at right now. We were sitting at, as I said, 4723 yesterday and just like that we're at 4626, you make a dive to the lower end of this range, we're pretty close to that area because you're talking about only 4580 maybe, yes 4580 or so, so you're about 50 points away from the lower boundary line of this channel line that the SMP has been in and doesn't mean you can't get a little bit below it folks. When I'm talking about channel lines, I like to use a form of almost like a linear regression, where you might allow it to go a little bit outside of it, sometimes it might not touch it exactly. Of course, it's always great when it lines up perfectly to the channel line, but basically as long as it's forming a little bit of a linear regression is how I like to look at things. I'm backing it up on the five-year daily to zoom in on the action and you can see, yes, we've gotten above it, we've gotten above it, we've gotten above it occasionally, we've gotten below it occasionally a couple of times, but nonetheless, we're coming down to that lower portion of that line on an all-important week to say the least. I assume the Fed, Chairman Powell, he's digesting that number this morning, all signs pointing to inflation through the roof and Chairman Powell does not want to be known as the Federal Reserve Chairman that let inflation roar its head out of control. That's like a nightmare scenario for a Fed Chairman or Chairwoman, I imagine. I mean, their whole job is that balancing act, folks, and he's done it very well. We're going to be talking to our man, Kevin Hicks, coming up after the break. If you've been listening to our interviews, he is a big fan of Chairman Powell, rightfully so for what he's been doing, but boy, he's got a task ahead of himself, folks, this week, especially with the numbers lining up. You get CPI data out last week, talking about 6.8%. We got PPI data out this week, talking about almost 10%. Jumping around to commodities. We got crude right now, back to a 15-minute chart to see the action. We got crude trading to $70.38 this morning. We got gold diving down $20 on that number. Quite a pullback for gold, actually below Friday's number on gold. We're trading at $17.67 this morning. You got silver trading lower, as you'd expect as well, down 56 pennies. Also, just below where we were on Friday in silver. And we jumped in notes and bonds and we got lower action, lower price, higher yield there on the 10-year, kind of reversing the action we had yesterday. Quite the acceleration yesterday, man. You do not see this type of move, folks. We almost had a full point to the upside from where we were Sunday night, $130.07. We spiked at $130.30, and just like that, we give back some of that. We're trading at $130.20 right now in the 10-year. And as you expect, we jump over to the volatility index, seeing some action this morning. We got 17 minutes to go until the opening bell and we get a VIX approaching 22 so far this morning. All right, jumping around to what else we got going on. Why not kick it off with our man, Elon Musk? Elon Musk named Times Man of the Year. Don't agree with that one at all, folks. He is a dynamic man in many ways, but I'm not sure he deserved Times Man of the Year going back. There's a lot going on in the year 2021 to hand that out to Mr. Elon Musk, but Time's gonna get the clicks. And unfortunately, that's what they're playing, in my opinion, but named Man of the Year. Nonetheless, he sells more shares. Tesla's down $30 with the market this morning, trading at $9.37. But Tesla, they're gonna start accepting Dogecoin as payment for some products, Tesla says. Some merchandise in the latest in a series of tweets supporting the cryptocurrency. You have Doge popping this morning. We'll get back to that in a moment. Some of Tesla's quote-unquote merch would be buyable with the digital coin. What about their cars? Elon, with products including the $150 GigaTexas belt buckle featuring the car maker's logo, $50 cyber whistle. It's amazing that they sell this stuff out to their fanboys and fangirls. Now, to pull up Doge, buy or beware, folks, on this one, we'll say that. There's your pop on Doge from 15 pennies up to 21. We've already given it back to 19, but folks, there's your prize and fall of Dogecoin. We'll talk a little bit about that later in the show. Stay tuned, folks. We'll be coming back with our man, Kevin Hicks. We'll be right back. 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Let's jump over to some of the fang stocks, Apple creeping ever so close to the $3 trillion mark and just like that, you shave like $8 off the price of this equity. Now, folks, $8 in Apple. Boy, I gotta do some quick math. I should have done it prior to coming on after the break, but you're talking about 16 billion shares outstanding, folks, 8.16, 24, 32, 40, 48. You're talking about $128 billion shaved off the market cap of Apple. You're down about a buck right now but Apple holding up pretty well just back to Friday prices so far in this market. All right, folks, let's jump over to our man, Kevin Hinks. Every trading day, 12 noon Eastern Time, fast market on the TD Ameritrade Network. Tom White, Kevin Hinks, the team at TD Ameritrade Network breaking down the day's market action, walking you through hypothetical trade setups, talking about options, talking about defied risk. Kevin Hinks, we got some inflationary data possibly this morning and the market is reacting. Good morning. Good morning, Tommy O'Brien. Yeah, here's the thing though, Tommy. I think your viewers need to understand from a trading perspective what the PPI data means and the fact that it is an inflationary measurement but in terms of the four that we get in a month which is the wages data, right, in non-farm payrolls, CPI data, then the PCE component of income and outlays and then there's the PPI. PPI is a distant force in terms of measuring inflation. Why? Because those numbers don't always hit the consumer like the other three do, right? So even though this is a data that the market reacted to because it's pretty high profile right now and at the top of everyone's tongue, I wouldn't expect the market to overreact this. Now, you look at the market, what it's doing. No, I think the market got jittery yesterday morning on the open when they started to realize that there's a two-day Fed meeting coming up today and Wednesday and Jerome Powell's comments there, I believe, have this market jittery. I'm not sure that PPI is something that I would overreact to, Tommy. I'm sorry. I love how you break it down, Kevin. I've heard you talk about those four before. That's why I have it in my mind, folks. That's why you should be listening to Fast Market at 12 o'clock every trading day on the TD Ameritrade Network right here on Tiger TV. I was talking about on my program yesterday, Kevin, kind of what you're talking about really, just saying, you know, it's interesting we're coming into a Fed week that on the heels of, of course, the CPI data on Friday but coming into a Fed week, basically at all-time highs near the open yesterday, we were thinking about 17 points on the S&P futures, all-time highs. Now, I was talking to the viewers and saying, folks, what is the probability, and this is as a trader I was looking at, Kevin, saying what's the probability that the Fed could say something that would boost this market 200 points above the all-time highs or it could potentially say something that might give a little bit of pause even in a strong market to the downside. Now, that's my personal bias, you know, but when you're sitting at all-time highs and all the discussion, Kevin, is about, are they gonna go faster than they thought, right? Is inflation faster than they thought? This is the first meeting since Chairman Powell has acknowledged that the word transitory might not be an appropriate word going forward, which is a pretty strong statement. So all that combined, I kind of said, you know, this is kind of interesting and interesting is an interesting word, but interesting that we're coming into that all-time highs in the market says, yeah, you know what, maybe we want a little bit of room to the downside with the possibility of that taper, but man, you look at this chart, Kevin, and we're sitting still about 100 points, 115 points away from all-time highs in the S&Ps. We have commodities, of course, rocking today, Kevin, on some of that number, crude's down a buck, you got gold down about $20. I was listening to your program yesterday, pretty light on the earnings as we wrap up the season, but we got a couple going on this week. I'm sure you guys may be touching on the market action and the general fundamental news, but what are you gonna be talking about coming up on the show, coming up at 12 today, Kevin? Today we have a theme, right? We're very thin on earnings, as you know, this week, Tommy, in terms of high-profile earnings. So this starts our themes program, and what better time to talk about big-box retailers than, oh, but what is it, 10 days before Christmas, 11 days before Christmas, so we'll do Amazon, Target, and Walmart today, Tommy. Nice, and we talk about a big three, man, and it is interesting, Kevin, how all three of these have traded so differently this past year, man. Amazon been in quite a consolidation for a while. Walmart has had its ups and downs. Target has just been on a tear. Now, giving back some of those gains, but all three of them, as you say, man, we're still, I'm still doing some holiday shopping, man. I gotta get on it. As you said, we got 11 days till Christmas, folks. Amazing. I'm gonna jump real quick, Kevin, to notes and bonds, if I could, and I just wanted to get your take because it was interesting yesterday, Kevin, the move we got. I mean, you almost got like 20 ticks almost from where we were early in the morning. At 1.30, 10, you could say in the 10 year, this thing traded up hard in terms of higher price and lower yield yesterday. What's your take on that 10 year? We're pulling back a little bit this morning, but it was interesting to see that action. You have the market selling off a little bit, and you had the 10 year, so you have actually, a lowering yield yesterday, Kevin, coming into a Fed meeting where they may actually accelerate the tapering. What's your take on that action? Tommy, I would say it's a million dollar question, but we really have to adjust our measures now. It's the trillion dollar question. I'm giving you all the big ones, Kevin. Let's go. With everything we see in terms of inflation and everything we know that Jerome Powell's about to mention, why are yields grinding lower? Now they're higher this morning, but in general, they've ground lower. Even the last three days, three, four days, trading days, they've ground lower. And that's a tricky one. It makes you look at what is the 10 year German boomed doing right now. Our economy might be healthy, but that doesn't mean the rest of the world is healthy. And there are relationships in trading these bonds. So yeah, it's kind of a headscratcher that our yields remain lower when everything we have going in the future. So yeah, it's certainly, there's always something in the market that makes you scratch your head. That's certainly one of them right now, Tommy. I'm glad I'm not the only one sitting here scratching my head, man. Because I was doing it yesterday and it's just so cool right now. We've talked about it many times. How many variables are in play in the market? How much volatility and how much kind of is up in the air as we go forward in the future. And really interesting when you come in end of the year, we got a Fed meeting coming up today. It starts tomorrow, they got their decision. We have an ECB decision, right? We have a Bank of England coming out with their numbers on Thursday as well. And all of that, we got end of the year and the market's just been through the roof. Is there any tax selling? That's kind of almost last in place right now with everything else going on. But it's something to consider, man, as we come into, like you said, 11 days until Christmas. Well, Kevin, we'll be watching the show today, man. We look forward to the segment. You guys will be doing on those big box retailers. And yeah, you haven't done that Christmas shopping yet, folks, get out there. We got 11 days left to go until Christmas. Kevin, we appreciate the update as always, man. We'll be watching at 12 noon today. I appreciate you having me on, Tommy. Thank you. My pleasure as always. Have a great one, man. We'll be watching. Folks, tune in 12 noon today. You heard them. They're gonna be talking about Amazon, Target, Walmart. Really interesting. Now, Amazon, I've been a huge bull for a while. Long-term folks, outstanding company, I don't have to tell you. But they've been in quite the consolidation here. You go back to June, right? You're talking about between about 3,000 and 3,500. You first got above that area in July when Jazzy took over as CEO. Got above that area again in November before this recent pullback. You're kind of back in that consolidation. Now, Walmart, we have some Walmart in my newsletter, Rocket Equities and Options. You could call it some type of a consolidation. I mean, you're sitting basically at prices that we were trading at over a year ago in Walmart in August of 2020. And Target, not much the same there. Target, trading at 234. Yes, you've had a double top here at 268. But boy, you back it up to where we were last August for some correlation to Walmart. And yeah, Target was trading at 156 at that price. You're trading at 234. All right, folks, stay tuned. Should be an interesting open. S&P is negative by 33. We'll be right back for that opening bell. Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex Predator in the trading markets and join the Tiger's Den Trading Room only at tfnn.com. The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the Den and surround yourself with the sharpest minds in the trading world. Subscribers to the Tiger's Den are also the first to have their questions answered live on air and can privately chat with our tfnn hosts live during their shows. Interact with other tigers and tigers as they share trading ideas, news analysis and discuss the market action all trading day. Subscribe to the Tiger's Den risk-free with our 30-day money-back guarantee and become part of the tfnn trading community, tfnn. Educating investors. 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We are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade charts today by visiting tfnn.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com. Welcome back, folks. We got markets open. We got the S&Ps down about 30 points right now, NASDAQ 100 down 193. All the moves pretty large when you look at where we were yesterday. We got, I mean, how many sell-offs you got there, folks? This is the fourth sell-off we've had from yesterday morning. You had one right out of the gate. You had one at the closing. You had one when Europe opened overnight. And then, man, we got one going on since about 8.30 this morning. And you're gonna be at lows that we have not seen, basically. As you see the NASDAQ 100 dropping right now, you get the S&Ps dropping as well down about 35 points. All the markets at session lows. The Dow catching a little bit of a bid. So I shouldn't say all the markets as the Dow negative by just 2.10% right now. Russell negative by 8.10%, NASDAQ 100, negative by 1.2%. So those tech stocks, watch out in the S&P, negative by about 7.10%. I talked about Apple. Let's jump over to Apple. Apple shares a little bit of a lift, actually flat right now on the open. We'll call it up 1.10%. We jump over to Amazon shares down 1% right now at 33.57. We jumped to Microsoft. Microsoft had some volatility yesterday, man. You're talking about $10 off the highs we had yesterday right now. You're negative by $5.71 down 1.7% for Microsoft shares this morning. Google shares, look at that drop off to off 1.2% as well. We jump over to Tesla. Negative 2.5%, that's even with a little bit of a pop on the open for Tesla shares. And so I started to talk about this in terms of where we were now. Doge, okay? So Elon puts out, it must be pretty empowering to be the richest man in the world and know that you can just move markets with one tweet. I mean, do you think Elon owns some Dogecoin when he tweets out there that they're gonna start accepting it? I would say he might folks. So here is your chart of Doge though for some context, okay? And here is the little blip that Dogecoin has just gone up because they may be accepting it for some merch. If he was really real about this, I imagine they would start accepting it for all their cars. Not sure why they're just gonna take it for $150 whatever Tesla item if they aren't gonna take it for vehicles. Maybe Elon's a little skeptical of even doing that, but just buyer beware folks, even trying to catch a falling knife here. You're up to 70 cents. You're sitting right now at 19 cents. Before this run started, you were at six pennies. You're back things up to, we're January of this year and you're at less than a penny, okay? Now you put this thing on a shorter term timeframe. Yes, that looks like quite a pop folks, but I bring up the longer term timeframe. Be aware of Dogecoin. It has no functional use whatsoever, whatsoever. It's kind of unfortunate that you have the rich man in the world with the podium and the power he has to speak. And he's out there playing games with something like Dogecoin. Because yes, he might wanna be empowering crypto, but doing it in Dogecoin just seems a disservice to his followers when it is such a joke of a cryptocurrency. And that's the little I know. Now you wanna talk about buyer beware. So I'm learning all sorts of stuff this morning about non-fungible tokens. So the Board Ape Yacht Club. So these are non-fungible tokens, Board Apes, all right? They're all a little bit different. They got pushed out. Now these have been going for $250,000, okay? I don't know how they're going for a quarter million bucks, but that's I guess the market for these things. And what happens is that somebody puts it up for sale, he tries to put it up for sale for 75 ether, accidentally lists it for 0.75 ether. It sells immediately for about $3,000. Now what's interesting here is that the buyer paid an extra $34,000, okay? To speed up their transaction ensuring no one could snap it up before then. They realized it was like basically a finger typo. In crypto world folks, there's no calling the bank and saying I made a finger fat finger typo. And it's even bigger than that, that they got bots all over. So the transaction appears to have been done by a bot which can be coded to immediately buy it. An NFT listed below a certain price on behalf of the owner. So everything was coded it looks like to say if any of these popped up under a certain price level because of where the market was. And that's what happened folks. So instead of pushing out at 75 ether, they push it out at 0.75 ether. And the bot-sensitive transaction with over eight ether of gas fees. So it was instantly sniped before they could click cancel and just like that 250K gone. It's the Wild Wild West over there folks. And that's just all stuff that's done legally. Let alone all the buyer be where you gotta talk about with fraud going on in that sector. Pretty remarkable. I still haven't made sense of this one folks. You know, non-fungible tokens they will be around in some capacity. But $250,000 or 300 grand for a picture of a board APE that you can use as your Twitter profile. It supposedly gets you into some functions or something like that. Doesn't quite make sense to me just yet folks. We'll see how that plays out. Not to be an old man spewing knowledge but doesn't quite make sense to me there. Yes, in some degree some of those can make sense. If you have some type of a digital item that is just one of a kind. I guess it makes sense to that degree. But folks the whole point is you buy a beautiful painting, right? There's only one Van Gogh or something like that that exists that you go see it in a beautiful museum. You can't mimic that anywhere else. You buy one of these NFTs, guess what? It's gonna look exactly like that whether you own it or not. Cause it's a digital picture. So I don't know, buyer be wearing a big way on those NFTs and you're just seeing what can happen out there. And there are so many bright people out there. I mean, imagine the person that coded that in. All they do is they have a computer running with a code. They see it on the market. They buy it up and just like that, you're gone. Now the Board 8 Club is one of the most prestigious NFT collections in the world. You may scoff at the words prestigious and NFT being used so close together but it's among among its star study members. How about Jimmy Fallon, Steph Curry and Post Malone? I'm finding new stuff out all day. So I guess you get one of these and then you gain access to certain things or so forth. And they all have slightly different variations. You can see the pictures in there and how many ether they're going for. All these prices are somewhere around what? 231, 218 and you can see the one they listed here for $3,100 and just like that, someone snagged it up instantly. All right, what else we got going on? Let's jump down the line for some of the stocks that are actually making moves today. Not too much in terms of earnings but they got the meme stocks rocking again. GameStop, let's jump over to these stocks and the market catching a little bit of a bit off the lows there, which is nice. GameStop, I was gonna say up, but yeah, you're just up off the lows where you open. Actually flat on the session after falling most of this week. AMC shares catching a little bit of a lift but still down about 3.3% so far this morning. Beyond meat, they're up higher. Yeah, they got an upgrade, right? Yeah, to neutral from underweight saying nationwide launch at McDonald's could happen within less than three months. So beyond, huh? They're gonna be pushing out at Mickey D's. Beyond up a bit, up 5%. You were up more overnight. Looks like you gave it back with the market but popping a bit. For some context in this stocks though folks, I always say context is so important in life, in conversations, in many things. You look at the short-term timeframe of this stock, say yeah, maybe it's catching a bit. You might be right. You look at the longer-term timeframe of this and hey, maybe it is catching a bit. Maybe this made it down to this low that we had back in March. Maybe that's the area from beyond meat. You're up 6.3% today. Buyer beware though, you were at 200 bucks earlier this year. You were at 160 bucks as recently back almost at the beginning of July on this equity. Right now you're trading up 6% but still at 67.27 in beyond meat. Look at these markets. Can't hold a good market down. Thou, up six points actually in the positive after being down almost 200 near the open. You got the S&Ps negative by just 22 points right now. The Russell negative by five. Let's check over to commodities. Gold still down almost 20 bucks. Down 17 bucks at 17.70 this morning and we jumped to notes and bonds. A little bit lower price right now. You're talking about a yield of 1.46%. The yield on that 10 year. All right folks, stay tuned. We'll come back and see what else we have for equities moving so far this morning on Tuesday action. We get the S&Ps negative by 22. I'll be right back folks. 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. 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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 DirectionInvestments.com. A fund's prospectus and summary prospectus should be read carefully before investing. An investment in the funds is subject to risk, including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, foresight 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. Welcome back, folks. In the world of bankers, they are addressing the inflation, folks, by bumping wages in terms of maybe a 40 or even a 50% bump to the bonus pool. Goldman and J.P. Morgan planned bumper bonuses to get the edge. Interesting, fixed income traders. Revenue has slumped, but two of Wall Street Investment Banking Titans dominating this year's deal-making friends are opening up their wallets to try and keep their bankers happy and ratcheting up pressure on rivals to follow suit. This is how inflation roars, folks. All right, it's pervasive everywhere up and down the line, in my opinion. Goldman Sachs may boost its bonus pool for investment banking by about 50%. J.P. Morgan may reach for a 40% increase according to people with knowledge of their initial deliberations. The business, which covers merger and acquisitions advisory, as well as underwriting groups, is poised for the biggest windfalls after recent meetings to set pay for the year. That's, of course, according to people who don't want to be identified. Bosses are under mounting pressure to be more generous after tempering raises at the end of 2020 amid concerns that a surge in business set set off by the pandemic might not last. That's not the case quite a year for bankers in 2021. Now, with signs pointing to yet another robust year ahead, senior execs are facing workers who, in many cases, feel that they're owed and ready to jump to competitors if their employers skimp. Don't be skimping if you wanna pay for human capital, folks. You're seeing the wage pressures when they come out for non-farm payrolls. Now, the bottom of the wage pressures in terms of the lowest income earners, you've seen a dramatic rise, but here's your, it's up and down the line, folks, across the board because, number one, human capital is one of the most important things that you can invest in. And this labor market is pretty tight here and you're seeing it in some of the best sectors out there in terms of the banking sector, quite a number when you look at it. At Goldman, the banking group posted a 63% jump in revenue of 2021's first nine months from the same period last year. Now, the first nine months of 2020 might not be a fair comparison, but nonetheless, big numbers. J.P. Morgan's investment bank, the jump in fees was 42% for the first nine months. In the fourth quarter, investment banking fees will probably surge 35% from a year earlier. I mean, if you're working in those areas of that business and you're seeing this company plow through billions of dollars, you better believe that you're gonna think that you deserve some of that. That would make the period one of the best ever for the firm's bankers and still the pipeline looks quite strong into next year across mergers and acquisitions, debt and equity. Yeah, executives have been discussing increasing the pool by 30 or even 40%. Both firms have surged ahead of third place Morgan Stanley and pocketing fees from clients this year. Goldman, you talk about billions, $11 billion. And J.P. Morgan, $10 billion by the end of September. Morgan Stanley, not too shabby. Third place by a distant, you're still talking about $8 billion. You add them up, that's $30 billion in nine months these companies are doing. Yeah, nonetheless, you get the point. This year, fixed income traders seen as one of the last remaining bastions of risk taking at US banks will probably see bonuses stagnate as their business slumps in last year's lucrative trading environment. Remember last year when fixed income and those banks was just crushing it? The fixed income revenue just out of the park for some of those banks, not so much the case this year. And you may see the bonuses reflect that. All right, this market is just amazing, folks. We're gonna have to get our man, Kevin Hinks, back on the line for another interview. No, I kid. But yeah, so much for an overreaction that looks like to the PPI data as even the S&P gets it all back from where we were right at 830. You're back trading at 46, 46 right now. A quick 20 point pop in the S&Ps. The NASDAQ get basically right back to 830 as well. The Dow positive by 54 points right now and the Russell even getting it back. The Russell right now, we'll call it flat at 2175. Bitcoin up 735 bucks this morning. The one that's not coming back is gold right now. Tough go around for gold. You're sitting in down about 17 bucks right at the lows we had a Friday of 1771 and we jumped to notes and bonds. Yeah, no real recoil there, which is interesting. Now you're talking about a yield of 1.46% on the 10 year as we come into a Fed decision tomorrow, folks. That's gonna be an interesting one to say the least. All right, what else we have going on? Speaking of action, folks, we got a TFNN holiday tiger sale going on. If you're not familiar, folks, we do about a couple of these a year. Last one we did, I think was in June or July. Next one we probably do might be in June or July. Maybe the summer of next year. Maybe we have a July 4th holiday sale there, but we do max a couple of them a year. You can get up to a 40% bonus on your purchase. Now you click on the front page TFNN, you'll see the holiday sale there. This runs through next Thursday, folks. You're talking about what do we got? We got nine days? Nine days? Yeah, we got nine days till the 23rd, man. We got nine days until basically Christmas, folks. You don't wanna be shopping on Christmas Eve this year. Talk about maybe some stores being out of products. So this runs through next Thursday. We'll close it out on the 23rd. We'll be closed on Friday, December 24th with the markets. There's three options for purchase for tiger dollars. Normally you get a 10, 15, and a 20% bonus. We've doubled all those bonuses, folks. You can get a 20% bonus, you spend 500. You get an additional 100 free tiger dollars up to 600 tiger dollars. There's your 20% bonus. You spend 1,000. You get 1,300 tiger dollars. You get a $300 bonus, a 30% bonus, or you spend 1,500. You get 600 free tiger dollars up to 2,100. That's a 40% bonus on your purchase. Tiger dollars never expire, folks. They can be good for any use, for any newsletter, service, webinar that we offer at TFNN. If you're thinking about signing up for a service, if you're already a subscriber, folks, I encourage you, please, if you're already a subscriber, think about this, because I always look at the subscriptions, and I'm more surprised that more people don't use tiger dollars. They're a great deal, folks. You pay for it, you apply it to your account once, they get used for all forward transactions going forward, a great way to lock in some savings on those subscriptions going forward, and this will run through the next nine days. TFNN Holiday Seal, lock in those tiger dollars, then you'll have those tiger dollars to use for that next year, or however you choose. Okay, what else we got going on? Let's jump around to, where are we gonna jump to next? Yeah, Starbucks, this one's interesting. So Starbucks, they got one store that's unionized in Buffalo. Now, my good old hometown of Boston. You got two Starbucks cafes in Boston, filing for union elections on Monday. Last week, employees at one Buffalo cafe voted to form the first union for baristas who work at a company-owned location. Boston Starbucks is third US market this year to seek a union election. It'd be interesting to see how this plays out with some of these companies. Amazon been battling those unions as well. We got Starbucks down with the market right now, down about a half a percent. You take a look on the weekly, holding up pretty well. A little bit of a consolidation, you could say basically going back to April, where you've been chopping around between about 110 and 116 on Starbucks numbers. Now, I wanna get to, yeah, so they're out with their numbers January 25th. What is out later this week is FedEx. They're out with their numbers on Thursday. Now, FedEx, a little bit of volatility for FedEx in a big way here, man. You're down to 251 right now. You're actually positive right now at the market. You were up to 319 earlier this year. You trade all the way down to a low of about 215. You're trading at 241. When we look at FedEx, you're talking about a $14 move for their earnings on Thursday. Whoops. I wanted to get to the analyze, add the simulated trades. Now, what I want to look at here is that FedEx for the week, okay? You want action, about a $15 move on this equity for the weekly options through Friday. Let's do some decent action, but probably right in line of where I'd peg this thing in terms of the volatility it may have, one of the final stocks remaining for earnings season, FedEx out with their numbers on Thursday. Stay tuned, folks. We'll come right back to finish up the show. We'll be right back in three minutes. 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 in technical market analysis, and it's not just dry, tedious tech, 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. 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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. Are you looking for secured investment which pays you on a monthly basis? The Tiger First Mortgage Program may be the program for you. The best rate on a five-year CD in the country right now according to bankrate.com is paying 1% per year or $1,000 per 100,000 invested. The Tiger First Mortgage Program pays 7% per year paid monthly on secured, high-value, billable properties in St. Petersburg, Florida. The investment is for four years, paying 7% per year or $7,000 per 100,000 invested. Your investment is secured by high-value real estate in St. Petersburg, Florida. Your investment can be anywhere from 100,000 to 500,000. Do you want to make 1,000 per year on 100,000 invested or 7,000 per year on a secured Tiger First Mortgage? The Tiger First Mortgage Program may be just the program for you. The Tiger First Mortgage Program pays 7% per year paid monthly. For more information, you can call 877-518-9190, that's 877-518, 9190. 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're getting the S&Ps right now, negative by 16 points trading at $46.42. Taking a look at this chart right now, you see the action. Where are we? Come on. Catch up to us. There we go. We do sell off on that PPI data. You catch a bid on the open. And then just like that, though, you get a volatility in both directions. So as we've given up almost 10 points in the last 10 minutes or so and the S&P is trading at $46.41 right now, we jump over to the VIX Volatility Index. Trading at $21.73, up about 7%, up about $42. It would be interesting to see where we go ahead of tomorrow's action. I imagine the market, no matter what we do today, tomorrow's action going to calm a bit ahead of the Federal Reserve coming up with their announcement at 2 p.m. press conference, 2.30 p.m. to follow. And one of the more important press conferences for the Fed to date, as I said to our man, Kevin Hinks, this morning, it's the first time that Chairman Powell will be speaking in the chair as a regular meeting is going on since he addressed the fact that transitory is not an appropriate word going forward. It's quite a balancing act he has, folks, in terms of not freaking in the market out that he's going to go too fast with the tapering. Yet, meanwhile, not freaking the market out that he's going to let inflation get out of control. It's quite a balancing act. The numbers that are coming out are making it even more difficult for him. So we'll see how he does tomorrow. NASDAQ 100, down 155. Let's jump around to some of those fang stocks as we wrap up the program. Apple shares basically flat at $175. Apple now $8 away from that $3 trillion mark. We jump to Microsoft shares. Watch out there. Microsoft down 2.6%. What's going on with Microsoft? There's a little bit of a pullback. Now, here's the only thing I'll say, folks. If you think this is a pullback, this is just a daily chart going back a year. And I got 211 on this chart right now for this calendar year. Microsoft started this calendar year at 211. You want to see something scary? You want to see what a 3A2 retracement looks like on Microsoft? Talk about $297. You're talking about $300. I'm just being normal retracement in a bull market move as Microsoft trades from 211 to 350. Yeah, we're back to 330, but these markets sitting right near all-time highs, folks. Thanks so much for starting your trading day with me. Stay tuned. We got our man Basil Chapman. He's up live next, folks, at 10 o'clock. Our man Larry Pezzavento. He is live today. He's back in the saddle at 11. Fast market at 12. You heard him. Amazon, Target, Walmart. We got Steve Rhodes at 1. Dave White at 2. And Tom O'Brien. My dad wraps it up live from 3 till 4. Have a great Tuesday, everybody.