 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 8 30 a.m. Tuesday morning 60 minutes to go until the opening bell and we got markets starting off right where we left off yesterday positive territory S&P is up almost 3% right now trading up 75 points at 27 19. We had been 25 points even above where we're trading at right now. You see the chart I have up here. This is a 30 minute you go from Sunday evening pretty remarkable where we end last week you back it up to April 3rd coming into the close at about 24 80 in the S&P's we're now trading above 2700 you're talking about 240 S&P points pretty much to the dot where we were right now and you actually made it about 265 S&P points that's almost 10% from where we ended last week's trading remarkable moves all over the place jumping over to the NASDAQ the NASDAQ up 220 points 2.75% trading at 82 50 had been above 83 100 NASDAQ you back this up there is your Friday action here's your Sunday open we ended at about 75 100 we just reached 83 100 that's a solid 800 points more than a 10% pop from where we were trading at Friday afternoon the NASDAQ 100 Dow 30 23,452 the high this morning again we'll put this on a chart to see where we were Sunday night we end last week excuse me at just about 21,000 and remarkable 2400 points essentially we're up about 16 to 1700 points yesterday today we're adding about 6 to 700 points on top of that almost 800 points at the high there 23,452 from 21,000 you back things up on the Dow we're we have a 23 handle we were almost going to get a 17,000 handle within a few points just on March 23rd that we were looking to break 18,000 already we're more than 5000 points above that level just for some context here from that recent high what kind of a bounce we're talking about now the market's climbing towards a 50% retracement of that move lower jumping over to the S&Ps to see where that lines up the high of 33 97 that high in the S&Ps February 20th you reach a low of 21 74 we're approaching 600 S&P points basically 550 on the dot as we speak but to see where this retracement level from that move lower you're talking about almost 1300 points lower the 50% coming up to 2794 just surpassing basically the high of yesterday it's an important level you know we made that high on March 27th you pull back you finish right basically at that level actually above that level on the S&Ps and today charging higher oil contract jumping into some commodities that's on your daily let's put it on a 15 minute 15 minute you end last week at 29 volatility all over the place in the price of crude we actually made it up early early yesterday morning it's almost 28 bucks you have crude trading at 26 46 and how about gold above 1700 yesterday check out that run folks right 715 last night 1742 folks you're talking about $100 in the price of gold from about midnight till 7 p.m. Eastern time gold then pulls back under 1700 a back above that level now up $16 technically on the session that's about 1% 1710 for a little context putting that on a year daily I mean check out that valley and peak all in one from March 9th we trade from almost 1700 down to the low of March 16th of 1450 right on the dot 1450 90 and just like that folks were up almost $300 in the price of gold 1710 some of those equities in the gold report really rocking and rolling if you're interested sign up for the gold report my dad's weekly newsletter check that out gold with some volatility recently for sure jumping over to silver since we're on it silver not quite back up to that high of February 24th so was it 1975 in September whoops silver was oh boy get back to the charts silver was at 1851 February 24th you make a low of 1164 and now we're trading at 1572 for some context there in terms of the retracement bumping right up to a 618 at 1617 on silver and gold a little bit of a different scenario because we're actually above that level right when you compare those two charts quite a difference checking out notes and bonds we're getting some lower price and higher yield the 10 year now this is a daily you see the high we made 140 20 we're right now trading at 137 30 putting it on a shorter time frame for the action there you see the fall off towards the overnight yield trading lower in price higher in yield and let's jump over to the VIX because quite the volatility I'm surprised you haven't seen that even a little bit lower right you come from Sunday into Monday trading Monday the market charges higher the market continues higher but it looks like the VIX saying we're okay with a 44 58 VIX for the time being regardless of how much this market goes up right now jumping over to Bitcoin 73 75 a little bit of a pullback just in the last 15 minutes or so we were flirting at about 7500 there's your action last night making high of 75 15 Bitcoin on the longer time frame we were up there before the collapse in the markets began at about 10600 that kind of retracement we're talking about 81 93 would be the 618 retracement on that stock jumping over to headlines we have and where are we there we are I wanted the map the total numbers 1.36 million I'm going to refresh this because unfortunately these numbers I'm moving so quick that they are updating constantly in the U.S. 368,000 cases total debts approaching 11,000 New York City the hardest hit of them all 3485 debts sad remarkable numbers and hopefully the talk being as in the euphoria in the market yesterday and today maybe seeing some numbers of getting things under control at least over the next month New York peaking coming in other areas as well social distancing showing signs of potentially working in Europe maybe Italy coming out of the hardest hit of their region as in flattening of the curve Italy just staggering numbers 132 cases but 16500 deaths now of course the cases maybe being higher not being reported there some of the more mild versions of the case but to even have a death total exceeding 10% on the people that are being counted in Europe to 132,000 cases Spain maybe flattening their curve as well but right up near 10,000 excuse me right up near 10% mortality thankfully the U.S. No we're near a 10% mortality right now but still 11,000 that's a sad story on each one jumping over to some individual equity news Macy's been struggling tremendously recently their CFO Paula Price going to depart in May so the CFO going to leave the company May 31st external searches underway for prices replacement Macy's struggling dramatically before the COVID-19 crisis and since then that only actually like accelerating things but Macy's if you check it out quite a pop we just went from 438 to 632 you're talking about a $2 pop that's almost 40% at the stock just went up from where we were flirting with the end of last week Thursday and Friday doesn't mean we might not be right back down there a little bit of a shorter timeframe you see the collapse from basically 17 or 18 bucks before this started you're still going to open at about six dollars flirting with that lower range in Macy's we'll finish up this first segment with some of the fang stocks Amazon looking to open that's a daily above $2,000 they're trading at about 2018 right now Microsoft shares open an above 170 Apple shares 270 we'll call it stay tuned folks we'll be coming back from the break see what else we 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investments dot com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain prospectus or summary prospectus please contact direction shares at eight six six four seven six seven five two three the prospectus or 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 four 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 folks s and p is positive by 85 dowel positive by 822 right now we got about 45 minutes to go until the opening bell and jump over a couple stories and start ones off with a time story pretty cool story here in terms of the virus change the way we internet some cool charts in terms of what you would imagine what one of the trends that they talk about here new york times analysis of internet usage in the u.s. from similar web and aptopia to online data provider providers reveals that our behavior shifted not surprising sometimes starkly as the virus spread and pushed us to our devices for work player connecting it's not often you would have the ability this could this would normally be a gradual transition but it's amazing what the human mind the human body all of us together can do when you put your mind to it as in having to make a shift from friday you were going to work come monday you have to do everything you did in your office best you can from home or in school etc so started off websites facebook 27 percent now here's what's interesting this is websites okay facebook that's going to the actual site facebook.com okay 27 percent increase netflix 16 youtube 13 just talking about pulling up the apps though facebook barely positive netflix we'll call that unchanged and people go into youtube on the apps actually down four to five percent the desktop computer the laptop computer resurging in the day that everybody's at home you don't need to gather all your information off of your phone if you're traveling you actually are by a computer something to keep in mind with the rise of social distancing we're seeking out new ways to connect mostly through video chat google duo 12.4 next door not familiar with them next door.com up 73 house party up 79 percent we've all seen the acceleration of zoom tom and i talked about on the show yesterday make sure zoom symbol z m not symbol z o o m but quite a charge higher now zoom pulling back you can use their app for free for 40 minutes i think or in some capacity you can use it for free you have to transition to a paid not sure the acceleration is going to be warrant the price acceleration in that stock is warranted by the amount of subscribers that they're going to be able to transition to a paying model on zoom but more reliant on services to allow us to work from home and learn from home not surprising at all right daily app sessions for popular remote work apps there's your zoom acceleration zoom in the orange from under two million about to over six million google classroom accelerating as well and then you have microsoft teams hangout meets by google google's got two up there right quite quite an achievement to have two different competing arenas as in hangouts or the classroom which is probably more tailored to exactly what's happening for at least students vpn super unlimited proxy not familiar with that but you see the acceleration here the research the search for updates on the virus has pushed readership for local and established newspapers but not partisan sites that is good to hear no matter what you believe partisan is not the way to go talking about media and what is being consumed and then some more charts in terms of average daily traffic wikipedia over that time cdc.gov good for people getting their information and video games it wouldn't surprise right twitch up 20% tick tock up 15 espn down 40% espn of course owned by disney they've had some problems recently really cool stuff there if you get a chance if you have access to the times check out that article today uh and let's just jump over even the likes of zoom as we talked about z o o m uh listen to me it's z m not z o o m as i say at z m for zoom uh here we are pulling it up on the daily so you see the rise you see the pullback yesterday pretty remarkable the charge higher it had markets up by 7% so of course that buoying it buoying it but uh zoom got a downgrade i mean they were as low as 108 finished the day at 122 you're going to open basically flat today for zoom some of the other companies mech mentioned in there you had microsoft teams microsoft's recent high is 190 you're going to be opening back at about 170 right now alphabet google you're going to open at about 1220 you're sitting at 1186 yesterday the low of just above a thousand you pulled back almost 33 percent from 1500 on that one amazon not really mentioned but let's see up yet 2022 and uh what else was mentioned in terms of streaming disney of course i want to get to netflix coming right up to their high they're going to open at about 382 to 383 today closed at 380 we're talking about a high of 393 disney nowhere close to it you saw it espn down about 40 disney world disney land closed uh all of that closed in terms of movie production movie theaters that they'll be shown it in but the one thing that is open is disney plus and i guarantee that they are getting acceleration of signups uh disney looking open at about 104 so back towards this high we had recently that high for disney looking like a high 10773 on march 26th so you'll be about three or four dollars away from that for disney and jumping around to some of the other stocks i like to check out in terms of some volatility action uber shares let's put it they're going to open at about 2760 so you're climbing up into this recent high we had as well in uber uber as low as 1371 till that ceo came out and said that they are positioned to have between about four to six billion dollars in capital plus a two billion dollar revolving credit throughout this year regardless of how bad things get from a 60 to 80 percent slowdown that's where they see themselves lift shares as well 2573 lifts going to open at about 27 dollars um and let's jump around to some of the cannabis stocks canopy growth going to open just under 15 i mean these stocks if you believe at all and some of these stocks surviving canopy the largest of them all right now i mean we're back to when this run literally accelerated in november of 17 talking about two and a half years we've run to 59 dollars canopy back down to a low recently of nine dollars we're going to open at about 15 uh kronos that's a tough one 577 from 25 and how about constellation which has a huge investment in canopy themselves and the maker of the corona beer which is getting a lot of press unfortunate for them or fortunate but on a weekly you're down from about two 10 we'll call it to 104 basically cut in half and you're now up to about 150 is where you're going to open 148 by 149 50 right now checking back to the markets s and p's as we tick around i'm going to put this on a shorter time frame let's delete that drawn and see the action so far this morning the high reached 6 15 am 2745 even when i came on the air these are 15 minute bars 8 30 i mean you're still getting some volatility we just had a 15 point bar in the s and p's from 27 15 yes up to 27 30 that was a solid 30 points that we were off the high that's a solid 1% there so this the volatility not ceasing to exist for sure other news out there you could have seen this one coming we work suing soft bank over the withdrawal of a three billion dollar tender offer so reported last week that we work pulling out of the deal for a three billion dollar tender offer to purchase shares a lot of those shares coming from the ceo and founder adam newman so that deal not going through we work not willing to invest that three billion pulling out late in the process of it with drawing that tender offer so that was tuesday uh no that is that they're announcing that we work is claiming that soft bank breach the obligation we'll see how that plays out but nonetheless uh all but expected the legal battle is on and some of the other headlines jumping through in terms of stocks making headlines this morning exxon cutting to the 2020 capital expenditures by 30% and cash operating expenditures expenditures by 15 designed to put it in the strongest possible position with energy markets improve i mean exxon mobile folks this is another one you know if you think exxon is going to be around and oil is going to be around long term with dividends in place potentially from 70 down to 30 going to open at about 42 today stay tuned folks we'll be right back to finish up the program i'll be 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 mastering 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 and 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 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as well we're up at about almost 58 dollars in verizon man the the volatility some of these stocks even from 62 to 48 to 56 stable companies with dividends out there but everything getting hit in this market as you march on terms of headlines out there pretty dramatic right the uk boris johnson prime minister of the uk in intensive care hopefully he is doing well but a stark headline of the realities of this ripping across the globe and to put things in context for the curves days after 100th case the us hopefully to see some flattening but you see some of these curves here italy spain hopefully through the worst of it as we flatten and come down from there the us will see how we play that out yields the 10 year above 0.7 percent on hopes the coronavirus spread is slowing there your yields there's the 10 year 0.75 the 30 year 1.35 you're looking at a five year of about 0.49 as yields a little bit higher on the market accelerating higher as well finishing it up let's check in on some of the indices to wrap it up we saw the s&p 83 putting this on a shorter time frame the market i mean we just kind of been hanging at this level you could say since about 415 in the morning we were up to a high of 2721 we're within about six points of that level did peak at about 2745 but just sitting in this level 2728 in the s&p's as we wait for that market open and folks head on over to the front page of tfnn you got a few minutes as we get ready for larry pesavento at 9 0 6 am his program begins 10 minutes from right now and check out basal chapman a two day webinar a week from tomorrow you instantly get his emailed booklet access to the opening call and a full day of education from 9 till 4 30 check it out and sign up on the front page at tfnn.com stay tuned folks larry pesavento coming up right now