 a presentation of TFNN. The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648 internationally at 727-873-7618. Hey, Robin, how you doing, man? Yes, thank you for taking my call. I wanted to let you know that I've been a subscriber for a couple of years, just different members of your team. And I really enjoy it. But really, the reason I'm calling is to express my sincerest gratitude for you, providing that information yesterday on the small business grant. I'm a small business owner, primary breadwinner for my family. And if I can get that money, it's going to really lead a lot to my family, so thank you for taking the time to do that. No, listen, man, we appreciate you growling and prowling at this. Now, Tom O'Brien. Welcome, folks. This is Jacob Schup filling in for Tom O'Brien. He will be back tomorrow. So this is my last day with you guys, at least for the foreseeable future. Let's take a look at what we have going on today. We have the ES mini, about 0.21% currently, trading at 4,880. Of course, we've made all-times highs in the SPX. And the Dow, Russell, trading about 1985, up about 1.5%. The NQ's sideways, 0.12%, trading about 17,460. The Dow futures trading at 38,156, up about 0.3%. The gold contract, again, not too much action going on in the metals currently. Trading down about 0.4% right now. The gold contract already at 2,021.40 cents. Same with silver. Silver's down a little bit more today. Down about 2.3% on some pretty decent volume as well. Copper, down about a percent as well. Trading about 3.74 on the contract. Let's take a look. Crude oil, again, we've had a volatile past few weeks, say, past month, with crude oil trading up about 2% right now. It's up to $74.76. It seems that a lot of the analysts and investors believe that drilling will resume, or lease operations will resume, in Libya. Of course, they're having a strike at one of their oil fields. Of course, how much it actually alleviates some of the supply issues and overarching complications, kind of in world trade and with some OPEC states. It's hard to say if that will bring the price down any at all. But we've been seeing some pretty wild swings really since about December 7. Of course, it's in a tight bound from about $70 to about $75. But every day, you can see just pretty volatile movement in the crude futures. Of course, looking at Tesla right now, trading is still downward. 207, 27, that has been a march downwards for Tesla since about, let's see, December 28. Of course, right there is trading about just above 26. See about 265 roughly, and we're trading down right now at 207.40, down about 2.25% today. So dynamics back up, of course. Stock never stays down for too long, trading at 115.18. Of course, we are off from a high of about 128, almost 130. Quite a lot of volume coming up as well. That movement down on lighter volume is, for me, I like that. Especially as someone who wants to invest in the stock. The dollar, trading at 103.35. We are not getting any kind of big movement to the downside with the dollar yet. So we'll have to kind of wait to see what happens with them. Or excuse me, with that, QQQ's at 421. Meta today down slightly. Disney up 2.2%, Apple up 1.26%. Okay, let's talk about Gilead. So they're working on a lung cancer drug, excuse me, drug. Obviously, you can tell from this movement, it did not work. Let's look a little bit about that. This is called Trudelvy. That was the drug that was being tested. It fails in lung cancer and raises new questions on antibody drug conjugates as a whole. So let's take a look at this here. Gilead Sciences said Monday at the Trudelvy, it's a quote unquote smart bomb medicine that combines an antibody with chemotherapy, did not significantly extend the lives of patients with metastatic small, excuse me, non-small cell lung cancer when given after first treatment failed. The result from a closely watched study called Voke 01 will be seen as a disappointment by many investors and oncologists alike. These kind of antibody drug conjugates are really new on the market and there's a lot of hope that they may be able to kind of resolve some very resistant cancers, but at least in the case of Gilead today, it did not really work. So we can see right now we're down about 11.2% in Gilead and again, that is on some significant volume as well. Let's take a look. We spoke about plug last week. They had dropped something significant. Let me get off the yearly here. Let me get like a one month. Obviously we had some big volume coming down here, even bigger volume. Again, there was kind of a fighty day right here. We're up now. We were speaking about them last week, they were down significantly. I can't remember the exact percentage, but we're up about 4% today. They had pretty bad earnings. They were trying to offer more stock to get some more money. Obviously the dilutes the equity and people don't like that. Okay, so let's take a look at why this is going up and this is what's kind of insane about this market currently. As of 10 a.m., this was up about 13%. Of course, we've kind of tempered throughout the day right now of about 4.10%. They're hosting a business update tomorrow. And for some reason, a large amount of people are expecting that they're going to have a positive outlook for the company. I tried to look up what was kind of fueling that conversation and I couldn't find anything. They have a, okay, they're getting huge influx of cash, about $1 billion, that's great, but that was from issuing the new shares. I guess that ensures that the company persists for a while longer, but I'm not really sure where the conversation around some massive update that they're gonna give at their meeting tomorrow is coming from. So I guess maybe people were seeing this as very low. I mean, it was super cheap, it got sold off a lot last week. And so maybe they're just kind of taking their bets in it. I'm not really seeing what is so positive about this stock right now, but of course, the market is really what's right. Let's take a look, I talk about, give me a second. Some cybersecurity companies, a lot I talk just about the industry and its whole. Sentinel-1 got an upgrade earlier, this is fantastic news for the company, we get off the one month. We'll go on the yearly, up about 5.27% today. They are also acquiring an Indian cloud security platform, it's called PingSafe, is for 100 million and is dubbed the largest acquisition in Indian cybersecurity startup. Okay, but this is great for Sentinel-1 as well and expanding kind of their operations. The deal is expected to close the first quarter of the fiscal year of 2025. Last year, it raised 3.3 million in seed funding. This is the PingSafe company, it's pretty good for it. Sentinel-1 has the AI security platform, which is very positive, and I think really the future for cybersecurity. And if you're interested in getting exposure to cybersecurity, like I said, check, we went over Fortinet, went over Juniper, which may be, or is getting acquired by Hewlett Packard, Cisco and Sentinel-1, check these out, do your due diligence, as everyone should as an investor. But just in the news today, Sentinel-1 is doing pretty well. Folks, stay tuned, we'll be right back with Steve Rhodes. Currencies, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex, stocks and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the dollar index, the euro dollar, pound dollar, dollar Swiss, dollar yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30 year T bonds as they both influence forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60 minute webinar archive. He just hosted forex strategies and fundamentals. What is behind the Tiger Forex report? For all the details and to start your 30 day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN educating investors. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets has designed Market Insights to be your daily guide to profitable trades. 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To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. Toll free at 1-877-927-6648, internationally at 727-873-7618. All right, welcome back, folks. This is Jacob Schubfield and in for Tom O'Brien. They're saying it must be cold and St. Pete is a heavy sweatshirt. All right, yeah, we're like low 60, but in my defense, I'm born and raised here. So I mean anything below 65 and we're dressed up like this. I'm planning a weekend trip to Chicago next month to see one of my buddies from college and I have no idea what I'm gonna do out there. So yeah, any hand me down, let us know, Jacob at TFNN.com. Anyways, I believe we have Steve Rhodes on. Steve, can you hear me? I can, and I'm bubbled up too. I've got a sweatshirt on too. I'm freezing. You look great, Steve. That's the Florida Boy special right there. I am freezing. You set 65 as, I use it, it gets below 70, that heat comes down. Exactly, and as a rule of thumb too, everyone in Florida, their winter outfits just for some reason looks significantly better than our summer outfits. Yeah, I got an old T-shirt on and khakis or something in the wintertime. It's like the whole runway. So Steve, what are we looking at today? Well, so it's a rally party. So as everybody knows, the Dow, the S&P 500, the NASDAQ have made a new all-time high. So I thought we'd start by taking a look at this chart just to get a perspective. So the Dow is in the upper left-hand side, shows a new all-time high that we're trading at. Next to that, we can take a look at the Shanghai index. So we get a feel for China. Now, in the case of China, so first with regard to the Dow, we're trading above last year's high. Whenever you trade above the high of a prior bar out there, certainly whenever you trade above the prior year's high, it is bullish, period, end of story. That doesn't mean it can't top and pull back down, but you are totally in breakout mode. So if we take that, Jacob, and we apply that to what's going on over in the Shanghai, we can see we're trading below last year's low. So it's very bearish over there. Yes. So we don't see global capital moving over to the Shanghai. If we take a look at the Nikkei, it's approaching, but it's approaching its high that takes us all the way back into 1990 out there. So it's on its way up there, but it's still not an all-time high. Neither is the FTSE, neither is the DAX. Over in Australia, the Aussie 200 index made it within 10 cents today this morning, earlier this morning from its all-time high out there. But the point here is that the breakout that we are seeing is inside the US indices out here. I see. And in this chart here, what do we do? It's really important to understand, especially when we take a look at the large cap indices. So the Dow, the Dow gets trashed a whole lot, but where the Dow shouldn't get trashed is understanding how it's trading in major currencies out there. And so on the upper left-hand side here, we've got the Dow priced in dollars. Next to that is priced in euros. Today, made a new all-time high. This is a daily timeframe chart that we're looking at. We've got a new all-time high in terms of yen, a new all-time high in terms of Aussie dollars, a new all-time high in terms of Swedish corona, a new all-time high in terms of Great British Pounds. We're not a new all-time high in terms of Franks, the Chinese Yuan, the Renebi, and the Canadian Looney out there. But the point of those first, the first two rows out there is this is a rally, this is a global rally that we have going on. And that is the best kind of rally you could possibly have. In other words, you've got constituents in different countries that have their local currency and they're investing, they are buyers of the Dow. They are not sellers of the Dow. It could make the case that maybe, you know, and Yuan or Canadian Looney or something, but with regard to being at all-time highs in these currencies, that is a very bullish signal. Now all bull runs come to an end, but that's a very bullish signal and really important for people to understand out there. Got to take a look at these instruments, how they're priced inside the major currencies. The S&P 500, by the way, this is the chart for the S&P. It's also at new all-time highs for Euros, yen, pounds, Aussie dollars, and Swedish corona. Okay, so we've got that established and we've got a worldwide rally that's going on. And everything looks bullish, right? Well, maybe not. So most people know that the US stock indices are weighted, right? So if you take a look at the Dow, maybe the top 10, 11, 12 or so are about 50% of the weighting inside there, inside the NDX100. You know, I'm not sure if it's the top 10 or 11, 12, somewhere around, maybe the top 15, you get about 80, 50, more than 50% of the weighting of the indices. So when we're seeing markets that are breaking out, what I like to do, Jacob, is go to take a look at the equal-weighted ETFs. So these are ETFs that we're taking a look at. The bottom row are the Qs, the spies, the diamonds, everything that you and I, everybody inside TFNN, take a look at. If we, the top row, though, is the equal-weighted ETF. What you like to see is you like to see the equal-weighted ETF confirming what we see in the weighted side. That gives us a broader rally. So that would be a simple signal. Well, in terms of the QQEW, the equal-weighted ETF for the Qs, it is at a new all-time high. In terms of the equal-weighted Dow, which is EDOW, it is also at new all-time highs. But the issue is with it inside the S&P 500. The spy, absolutely at a new all-time high. But RSP folks, that is the equal-weighted ETF for the S&P 500. And not until it gets to a new all-time high and starts trading above it, can we really say that we've got one heck of a rally party going on? Does that make sense? Yeah, absolutely. That's a good way to look at it, huh? Okay, and in the case of the RSP, the equal-weighted ETF, it's trading with inside its profiles out there in its first resistance level, folks. Again, RSP is a ticker symbol, is $157.38. If price begins trading above $157.38, we're getting closer to a breakout message, but it has to take out its all-time high from earlier, from the middle of last month out there. So this is really important for everybody to take a look at and understand. The RSP, like I said, it's not as all-time high, but when we take a look at the daily, weekly, and monthly timeframe, each of them still have a topping pattern. So in the case of the daily timeframe, it's both a wave number seven. That's a little G on my system. It's a very small portion of the Chap and Wave. It's also got a rogment and indicator top. In the case of the weekly, it's a TD9 count top that's out there. In the case of the monthly chart, it's a rogment and indicator top that's out here. So it's got those tops in place. Not until those levels of resistance get taken out will I have a comfort level that we truly are getting ready to break out and move to new all-time highs. A second non-confirmation, this one is gonna be much easier to resolve than the RSP, at least immediately, is the New York Stock Exchange, the Advanced Decline Oscillator. And Jacob, that's the third panel that were the third area inside this chart, really in the middle out there. And when it gets down to minus 150, this is folks, what this is, this is the difference between the 39 and 19 period exponential moving average of the Advanced Decline Line. When that reading or that ratio gets down to minus 150, you are an oversold territory. Well, a couple of days ago, middle of next week, last week, we got to that, we got well below minus 150. And what the New York Stock Exchange is doing is working off its oversold condition. Only closes above this zero threshold line, this little red line that's going across it would tell us that fires are the ones in control. So there's two signals at the moment right now that just say caution. There may be a third or set of signals out here. That comes from the intraday charts for the ES mini. And here, the daily timeframe chart shows a rogment diminicator signal. That's a black diagonal line. Now folks, that is not a top. The top comes when it generates a bearish reversal candle. So that's one thing to be looking for. Turns out the five hour timeframe chart has a TD9 count top. So that is still in place out there. The four hour chart, no top just yet. The two hour chart has a rogment diminicator top. The 60 minute has a rogment diminicator top as do each of the other intraday time periods. But here, people may have noticed that in the 30 minute timeframe chart, it broke through a key level of support at 48.77. But Jacob, that lasted for one bar. And one bar break of support, no way that that's a true breakdown out there. So folks, we've got a true breakout that's going on. We don't have confirmation from the equated ETF for just the S&P 500, the RSP out there. And we've got some signals just simply to pay attention to. So tune in tomorrow at 11 a.m. to the Traders Ed Show. That's right, Steve. Thank you so much as always. You bet, Jacob. Take care now. Folks, stay right there. We'll be right back. 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. 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If you liked that last interview with Steve Rhodes, well, he's on with Tom every Monday, about 15 past the hour, and you can take a look here at his mastering probability newsletter, all right? And this is a good write-up. If you want a very thorough overview of what's going into the market and this is a daily update, you gotta check out the mastering probability. And one of the things I wanna say, of course, the classic 30-day money back guarantee that it's your first time subscribing, check it out, 30 days, if for whatever reason, it doesn't fit your style. We go ahead and we fund you totally. Not only do you get the newsletter in all of our newsletters, but you also get a lot of the workshops that I get with. So a lot of our hosts, Steve included, will do the subscriber workshops. So if you're a subscriber to the newsletter, you get, you know, essentially, we do live webinars, right? And then we record all of those and they're uploaded for viewing afterwards. So again, you don't just get the newsletter, okay? You get all this other knowledge, information that's been saved over the past few years and it's really, you know, it's worth its cost. So check that out. That is mastering probability newsletter by Steve Rhodes. Let's take a look. Spirit up about 22% today, wow. Okay, so let's take a look at what's going on in spirit if my computer responds. Hmm, give me one moment guys. Well, we can go back to spirit. Let's talk about this instead. Microsoft became, we'll go back to spirit. We definitely will. And what's going on with them? Let's take a look at Microsoft currently, became the biggest company in the world. What happened? Okay, they are being targeted right now and this is tying in again with what is the world gonna look like going forward? Well, they just suffered a massive attack by a nation state actor. Now, nation state actor is going to be essentially funded hackers. They hacked into high level corporate emails. A lot of executive emails were read. Let's take a look at what they said. This is what it looks like when a company is trying to kind of tell people what happened. The Microsoft security team detected a nation state attack on our corporate systems on January 12th, 2024 and immediately activated a response to investigate disrupt malicious activity, mitigate the attack, so on and so forth. As part of our ongoing commitment to responsible transparency as recently affirmed in our secure future initiative, we are sharing this update, which is very commendable because a lot of times I think companies will stray away from this. They're not required to disclose any of this, which I think is kind of a blind spot in our society. It's going just beyond disruption to profit, kind of disruption to operations. I mean, they're being targeted because this is a international company. They're in charge. I mean, a lot of the world runs off their operating system and it just shows you kind of the scope. This isn't just people hacking businesses, trying to get credit cards or other kind of identifiable information. I mean, this is very large, right? They're hacking the emails of these guys. So that's some big news that happened there. Again, you know, we were looking at Sentinel-1. They have a good AI for cybersecurity. We were looking at Fortinet, Juniper, all these. Take a look again, do your due diligence because the amount of cyber attacks is increasing. I was speaking last week how J.P. Morgan is dumping a ton of money into essentially padding themselves from these things. I think they had an 800% increase in cyber attacks on their systems just last year alone and with the advent of AI and more complex programs, these will only increase. Especially with more people on the internet around the world, these attacks will increase. So that's just some interesting news with Microsoft. I'll talk a little bit about two that they have the world's largest market capitalization. Let's take a look here. They have the assets remain there for a while. Let's take a look. So Microsoft eclipses Apple and relies on its diversification through artificial intelligence in the midst of fierce competition with Apple Microsoft has in recent days crossed a 2.9 trillion mark in market capitalization. And here's the thing, right? They are investing a ton of money. They are right at the forefront with chat GPT, you know, OpenAI's famous generative AI. For its part, Apple is experiencing a slight decline caused by concerns of the slowdown. Okay, Apple's also dealing with some other issues regarding some of their tech. Namely, they have to get rid of the heart monitor on it due to some kind of patent disagreement. Microsoft has diversification of activities. This is through their application suite OS cloud. This is going to be massive going forward and they mix cybersecurity with their cloud as well. I think Azure is, when a lot of these other countries around the world start kind of modernizing and getting into the whole fray and it is inevitable that this will occur and probably a lot quicker than we expect as well. You know, I don't see them really relying on homegrown kind of cloud systems. I see them essentially kind of renting it out. I mean, right? And this is cloud as a service now, which is pretty massive for storage as a service. It's pretty phenomenal. Obviously gaming is massive. They acquired Blizzard recently and artificial intelligence we spoke about. And yeah, they've diversified significantly well. And I think too, you know, looking at some of the other big tech companies, you know, we talk about Meadow, we talk about Apple, AWS, or excuse me, Amazon, I wouldn't just call that tech. You know, that's a lot of things going on there. But you've seen a significant decrease in the amount of workers in some of their more peripheral businesses. And of course, you've seen a little bit of that in Microsoft as well. But I think Microsoft has pretty adeptly nailed what their streams need to be going forward. And they're doing quite well for it. And we see they're the largest company in the world now, at least for the time being. I think that's pretty interesting. Let's take a look at Fisker moving forward up almost a dollar, right? 92 cents, up 17.75%. Okay, so what happened? Going parabolic today, shot up, this was at like up 40% almost today. That was pretty insane to see. In a regulatory filing, Fisker announced that it has reached an agreement with an institutional investor that could save the company some money. Among other things, the institutional investor has waved off any remedies it could have used on Fisker for failure to file its quarterly report in a timely manner. It has also released all leans on intellectual property granted in connection with Fisker's transactions with an automotive partner. Most importantly, the institutional investor has waved off all financial covenants on Fisker's cash reserves, which means the EV maker can now use that cash to run its operations. Okay, I still think Fisker's probably in a bad situation. Let's take a look. They had roughly 527 million in cash and cash equivalents of September of last year. Fisker's cash balance was down from about 737 million. Again, I think that EV's coming into a rough segment at least in the next year or two. Of course, I do believe that's the future going forward. This company's not really poised to be at the top of that now. Yeah, they make more luxury cars as well. But I mean, the stock price speaks for itself, right? I mean, we're at 92 cents, it's in a rough start. Fisker started delivering its ocean SUVs in the US in June 2023, but it failed to ramp up production as planned. In nine months that ended in September 30th, 2023, Fisker delivered a little over 1,100 EVs and generated 72 million in revenue. It also however incurred a gross loss of about 33 million and a net loss of 298 million, I think they're still in a rough spot. But if you were holding on to Fisker at any low point, well, I'm glad you made 16.84% today. Folks, stay tuned, we will be right back. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com, TFNN Educating Investors. Biotech is booming, but for how long? Whether you think the Biotech bull has room to run or has run its course, trade LABU or LABD, Directions Daily S&P Biotech three times bull and bear ETFs. 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Traded on the NYSE American and TSX under the symbol VGZ. Welcome back folks. All right, so we talked a little bit about gold earlier. I'm talking a little bit about metals every time I've been on here. Of course, we had Tim Orr to come on and talk about his outlook for metals going forward too. If you missed that, check out last Thursday's archive on TFNN, it's a YouTube channel. Pretty good insight. You know, there's a lot of action that's been going on here. You know, it just hasn't been super attractive. And so let's take a look. We have UBS. They're actually seeing a 10% spike for gold this year, even with the rate cut speculation swirling. So let's take a look at what they're saying. Essentially, gold prices could close a year as much as 10% above current levels. Now anyone could say that, right? But let's take a look at what UBS is saying. UBS note on Friday describes recent price moves as minor in the context of the precious metals 15% climb through 2023 and said the power of the Federal Reserve's policy pivot should not be underestimated. Bouyan remains above the psychological level of 2,000 per ounce, $2,000. And the UBS strategist said forecasting arise to 2250 per ounce by the end of the year. And that is actually, I think pretty close to what we were looking at here as well. Analysts at Scotiabank retained a more cautious outlook but revised their price guidance higher. In a Monday note, they said that they had adopted higher gold and silver prices for this and next year and move their year and gold forecast to 2,000, to about 1900, excuse me, from 1900 previously. Okay, it's weird because you have a lot of unexpected, like unpredictability in the world right now. I know you have some people like Larry Fink saying that a lot of that is, what's kind of soaking all that up is Bitcoin but we've also seen a decrease in price of Bitcoin as well. Obviously there's just a lot of volatility with that, what was going on with the SEC. I think probably majorly you're having some issues in China which might affect overall some of the gold prices here but it'd be really nice to kind of see it pump off. We take a look at the GDX right now. I mean, you know, we're down. This is some big volume as well. We're moving a little bit lower but we're just kind of inching slower, about 2762 right now and it doesn't seem like there's a lot of juice left to go high or excuse me, go lower. Of course that is always difficult to say but again, I would check out that interview with Tim Orr that I had on Thursday. Of course too, you check out the gold report from Tom O'Brien to get some better insights on that. Let me just take a look here. Some interesting thing going on with the economy. It is so weird, right? I think a lot of people see it as negative. You have a lot of people now saying that they have higher faith in it. Of course we're at all time highs right now in the S&P 500 and I still think there's on large like a worker shortage for a lot of people. Let's take a look here. Walmart is actually going to raise the salary. That's for store managers. So let's take a look. Workers in America's largest private employer will soon be getting raises. Walmart announced last week that the average salary for store managers will go from 117,000 to 128,000 a year. That is almost a 10% increase. They'll also be eligible for bonuses up to 200% of base salary. Spokesperson for Walmart told NBC News in an email that there are approximately 4,700 Walmart stores in the US and that each store has a store manager. Walmart said about 75% of its field management teams began their Walmart careers as hourly workers. It's interesting. Not only responsible for exceeding customer expectations, that's fine. That's nice when you can see a company kind of retain employees and have them move up through it. So I think that's some good news as well, kind of catching up with some wages. Of course, we're looking at some figures, I think about two weeks ago, that said that wage increases actually has done an okay job of keeping up with inflation. We could take a look at this moving forward. Sorry, I'm having just some issues with the computer, but we'll get that going. Okay, perfect. All right, I'm gonna throw this up here. We'll talk a little bit about this. Of course, we had a lot of these Bitcoin ETFs pop up. XBTF, that is gonna be down about 2.51%, BITO, down about 3.43% and then BITCO down about 3.19%. Bitcoin is down as well. Let me get you that exact number, at least it was earlier when I was looking at it. Yep, we're down about 3.44% today, trading about 40,270. This will be as interesting, it might be the next step forward. These are gonna be stable coins, okay? And the idea of stable coins is you're supposed to have one unit that's pegged directly to essentially the dollar, right? So one unit equals $1. So let's take a look here. The CEO of Circle, the company behind the popular stablecoin USD coin, sees a strong chance that laws for stablecoin issuers like itself will come through in 2024. Stable coins, which allow traders to move in and out of crypto. It's kind of a weird generalization, but anyways, our $135 billion market, but they're for the most part unregulated. The US is yet to pass federal crypto regulation, even as jurisdictions around the world are approving new crypto-focused laws. Circle's boss and co-founder hopes that things will change. Speaking with CNBC at the World Economic Forum in Davos, Switzerland, a layer said regulatory developments around the crypto industry were picking up around the world and that the US was more than likely to approve laws for stable coins than before. You're seeing desire from the administration, desire from the Treasury, from the Federal Reserve, by both chambers of Congress, and certainly on a buy, okay. But I think even more so is while you're seeing a lot of these private equity firms and big financiers getting into it as well. Digital dollars are happening around the world. Other governments are regulating dollar digital currencies before the United States. And that would be kind of cool to see, I think. And I see something like a stablecoin kind of probably being a little bit more palatable for legislators. Usually they're not as volatile and it kind of makes a little bit more sense to people, I think, who aren't, you know, kind of like ingratiated in that world currently. So I think that's a good look out for them and it'll be kind of interesting to see what happens with that. Okay, we were talking a lot about the buy now, pay later thing. I wasn't really a big fan of it and it looks like there would be some issues here as well going forward. Let's take a look at the key points here. Buy now, pay later helped fuel record holiday spending online surging 14% year-over-year, but now those bills are coming due. Consumers aren't sure how they'll pay them. I, yeah, the surge in use of buy now, pay later comes as credit card debt is at a record high and delinquency rates have nearly doubled over the past two years. It is unclear how often buy now, pay later bills go unpaid, but the people who use the services are more than twice as likely to be delinquent on other credit products, such as car loans or mortgages, which is pretty insane. Starting January has arrived and other installments are starting. The individual in this article is unsure how they're gonna pay them off and selling clothes. I mean, this is like, I, what I would really like to see is again, like how much loss a lot of these companies are getting from that and whether or not they're somehow able to write this off. I would assume there's probably not any collateral at all with this, but let's take a look here in an era where persistent inflation and record high interest rates are shaping financial decisions from any shoppers. And the service helped fuel a boom in overall online spending. Of course, we had a massive year really in like November and December. A lot of it, you know, attributed to this kind of structure. And it topped at about 220 billion from November 1st to the end of December, 222 billion. During the season, buy now, pay later usage hit an all time high, rising and staggering 14% from the prior year and contributing 16.6 billion to online spending. Online December Monday alone, buy now, pay later use spike, nearly 43% wild. Folks, stay tuned, we'll be right back. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights. Your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open along with updates when warranted. Stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox. Whether you're a seasoned trader or just starting out, Market Insights provides the edge you need to navigate the markets with confidence. Ready to join the ranks of successful traders? Head over to tfnn.com and subscribe to Market Insights today. Don't miss out on this opportunity to supercharge your trading results. 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Try any of our great newsletters risk-free with our 30-day money back guarantee. Just visit the newsletters tab on the front page of tfnn.com. 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. I was taking a look on the break here. Hold this up. I can't remember when it was. I think probably earlier last year, you know, we were talking about a huge increase and kind of lost over retail theft, okay? This is going over cargo theft, which is quite impressive here. A spike of over 57% in 2023 versus 2022. Some new data cargo theft incidents were up more than 57% in 2023 compared to the year prior, where at an all-time high. Haven't seen cargo theft at this level ever. Nearly $130 million worth of goods was stolen in 2023. But since reporting cargo theft is not mandatory, the amount is likely higher. Back in 2014, we were taking in 100 or so reports a month. Now we're taking in probably 220. And this really is actually kind of crazy. There are a lot of these videos that are circulating online, like on Twitter and Instagram. And the trains that carry all the Amazon goods, and this was in California in particular. Again, I think this was like probably about a year ago. I think I remember some people also talking about it. In the den, the trains have to stop at these certain stations. And the news crew went down to kind of film was going on because this is where a lot of the people were hitting the cargo trains. I mean, the whole track was just completely littered in boxes and they just, they hit it, they cut open the boxes, see if it's worth anything. If not, they dump it, if it is, they take it and they run. I mean, you're talking like an entirely different layer from the topsoil of just boxes. This was all theft. And it was kind of going unprotected. Let's take a look here. Cargo nets analysis of fourth quarter 2023 data showed a 68% year over year increase compared with 2022. In the first 20 weeks of 2023, we saw a 41% compared to the 20 weeks before that, cargo theft reversed and goods being stolen at any point in transit. Pretty crazy. Now there, this is where technology comes in and there are many things like Bluetooth locks which are pretty solid and you know, a bunch of other risk monitors. Folks, thank you so much for joining me today. Tom will be back with us tomorrow. It's been great being with you these past few days. Have a great rest of your day.