 The following is a presentation of TFNN. The Morning Markets Kickoff with your host, Tommy O'Brien. I'm Tommy O'Brien from TFNN. Just after 9 a.m. Eastern time, we got about 24 minutes to go until the start of trading. We got positive markets. We got higher yields yet again. We got Jackson Hole coming at your Friday morning. Chairman Powell speaking. Friday morning at about 10 a.m. Eastern time. That's going to be the main event of the week. We've got NVIDIA earnings this week as well. Among some other companies, we kick things off with the market. S&P's dive down to a low. Friday morning at 43.50, we finished the session on Friday at a price point of about 43.88. You see the volatility overnight. We're above 44.00. Right now, we're just below 44.00 at 43.93. NASDAQ 100. We're at about 65 points. That's 4.10 percent of the positive. 14,808. You get the dial right now. We're up by 29.34,594. And the Russell is flat. We'll call it at 18.65. We jumped to crude. Catch is a bid up above $81.00. We're pulling back in the last few minutes. Crude at 81.08. We worked at 81.70. Excuse me. I'm not sure what's going on with the drop off at 9 o'clock if we've got some economic numbers there or not. But nonetheless, crude still up $44.44. Excuse me on the session. You got the go contracts. Catching a little bit of a bid as well. We're up by $8.00 at 19.25. We'll call it on the go contract. We jumped in notes and bonds, as I mentioned. Lower price. Higher yield. Coming at you. We get the 10-year yield. Think we're above 4.3. Are we above 4.3? We're above 4.3. 4.31 percent of the yield on the 10-year as we're climbing towards the high yield we had on Thursday, which is pretty much correlating to the high yield we got last October, man, sitting at about 4.31 percent of the yield on the 10-year. Yeah, yields will be in focus this week. Dramatically, with Chairman Powell speaking Friday morning, you have the 30-year. Negative 30 ticks right now, actually below where we were on Thursday's action, and you jump over to the dollar index this morning, TXY. Catching a little bit of a bid in the last few minutes, right? Since about 7.45 at 8 o'clock this morning from 103.15 to 103.32, we take a look at the dollar on a little bit larger-term picture, and yeah, we're in an uptrend channel, man, pushing the lower boundaries potentially of that uptrend channel, but basically right back to where this acceleration we've talked about before, right, about July 4th, we're trading at a price in the dollar of 103.50. You die below 100. We get it all back, and now we're at that area again at about 103.33 in the dollar index. You jump over to the volatility index this morning. We got a new normal in this market, man. You get the VIX on higher price when we get the market in positive territory. Not usually how it goes, folks. We almost hit 19 on the market lows on the open on Friday. Market accelerates higher throughout the day. The VIX gets some of that back in terms of pulling back to almost 17, but this morning we have an elevated VIX with markets green across the board. So pay attention to that one as we come into the opening. All right. What are we going to talk about? Let's kick it off with yields, man. Bond bulls. Yeah, and you know what, before we do, let's take a look at just where we are this year. Okay. That's your 10-year on a short term basis. Let's just put it back a year, and you don't have to go that far. There's your beginning of the year right there. We had the 10-year at a price point of about $1.12.5. We're down to $1.09 right now. Okay, so if you're in yields, what have you had? You've had a capital depreciation. You've lost capital on that level in terms of getting into that price at $1.13, right, and we are now at $1.09, let alone if you were buying the 10-year at almost $1.17, you're at $1.09 right now. I mentioned those. Well, let's do the 30-year before we jump around as well, because, boy, you solved this conundrum, man. You've got everything going on in terms of figuring out what is going to happen with yields going forward and how they shape everything going on. You've got the 30-year, kicked off the year at about $1.24. We're down to $1.18. You were as high as $1.33 on the 30-year. You talk about duration, right? This is where everybody talks about buying duration, okay? You can see if you're in the 30-year. You buy duration at $1.18, and you get the turnaround you expect. Boy, you could be back at $1.33, okay? But, boy, that is a big if, folks. We'll see where we go. We might get some fireworks on Friday, all the conversation talking about what's the real rate going forward, right? What is our star? What is the real rate of growth in this economy going forward? Where is the Fed going to need to be? Do they try and recalibrate that to some degree on Friday? The market will not like it if they start talking about that they're going to accept inflation to the degree of 2.5% or even 3%. That's the conversation out there, and we find out on Friday. But this is the reason why people talk about buying duration, because you can see on the inverse of that, the problem here is that when you buy duration and you're wrong, yeah, you get squeezed on the other side as well, okay? And we're talking about you're at $1.18. Now, I made this conversation last week, though. It seems like we're, it's a great place to buy if you only look at this chart, going back to basically to hear this one, folks, okay? Because there are always two sides to a trade. This price point of $1.18, I mean, what did I just say? I just said we were just trading at $1.33 earlier this year. He said, well, geez, that seems great, man. I can buy a 30-year at $1.18. People were paying $1.33 for the same fixed income over 30 years less than six months ago. You look at this chart, you say, $1.18 is not bad. We were just up in the $1.90s. We were up in the $1.70s in 2016. We were up in the $1.60s in 2015. We were up in the $1.50s. Yet again, in 2012, we made it to a high of $1.40 almost in 2009, but here's what I will caution you. A lot of articles getting written about the fact that we were in exceptional times when you had yields at 0% folks, and that might not be the case for some time going forward. And guess what? Take a look at this chart. If that is not the case going forward, okay? If we are in a new normal, which basically means that 0% is not gonna be around for some time, okay? Then you're getting into the 30-year at $1.18. Meanwhile, anytime before 2008, that would have been lower price coming at you. So it's got room on both sides, man. We're at an interesting point in the yields right now with the 30-year down a full point as we're getting lower price and higher yield coming at you. They were talking about on Bloomberg this morning. Look at this thing dropping off as we talk, man. Who's out there listening to me selling these bonds right now? I kid, but the real yields even pushing. You're getting 2% on your money, man. The yields are at a level right now. Above inflation, you are getting real percentage points of real wage growth, real return. I should say the real return, real rate of return, which is the rate you're getting, minus inflation, okay? It's pushing almost 2% right now, which is some big numbers. But boy, look at this move, right? Just since 8.20 in the morning, we just dropped eight ticks. We're at 10907. So much for the reprieve we got on Friday. All of that is basically gone. We were up to 109.28. We're pushing the lows of Thursday's session yet again. And interesting that when you talk about Chairman Powell, okay, it's all gonna be on Chairman Powell. I would love as many would, I'm sure. To be inside his head for a moment, as you come into Monday morning and you got yields pushing highs, you got the 10 year above 4.3, you got the 30 year up more than a, excuse me, down more than a full point in terms of spiking to highs as well. And we are right back to Thursday's concession and all the conversation is, hey, are we really getting back to 2% man? Seems like that we might be adjusting to a new normal in this economy with higher yields adjusting to a higher rate of inflation going forward and a higher growth rate. We'll see where we go from there. You got the S&Ps up by 10 to kick things off. I mentioned we got NVIDIA earnings coming out later in the week. You jump over to NVIDIA, they're catching a bid this morning up by almost 10 or 11 points. Somebody was out, maybe somebody can help me out in the den. I think we had a forecast, somebody out, one of the competitors came out and pumped something and see if they got the news. I'll check it out during the break. Yeah, NVIDIA is gonna be out with their numbers. 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. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. 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There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. Welcome back, folks. We've got the markets drilling off a bit with the S&Ps up by just eight points right now. You've got the Russell rolling over to negative territory. I know my mic cut out right at the end of that segment. Had to replace a battery. We're back in action and we're talking yields, okay? And G-bolts talking yields in the den. Yeah, the CDs, man. And he says there are some six months to two-year CDs north of 5% and there are. If you're not familiar, folks, the numbers right now, okay? I'll give you to them. These are CDs that are non-collable. Now these are brokerage CDs, okay? So you can go out to various banks within your brokerage. You can buy these CDs. They're brokerage CDs a little bit different than going to the actual bank itself, but nonetheless, these are non-collable. FDIC, SIPC-insured CDs, okay? And the numbers you're dealing with right now, even a two-year, 5.05%. He's talking about north of 2% right now, okay? 5.05% on the two-year. If you're going anywhere shorter than that, you should be getting about five and a quarter, man, because the market's basically sure that we're staying around five and a quarter for some period of time. A three-month, five and a quarter. Six-month, 5.3, nine-month, 5.3, 12-month, 5.3. 18-month, 5.2, okay? And then the two-year goes down to 5.05. Now here's what's interesting. You want the CD rates, okay? These are CDs. These are not treasuries, but obviously they're correlated to a good degree. You go out to a three-year, you're getting 4.8. You go out to a four-year, you're getting about 4.65. You go out for a five-year, 4.55 is the number, and here's the coolest part about this, folks, okay? Is that you can ladder all of these, okay? And if you are in retirement and you're thinking about something like a CD and putting some cash in there, instead of going out duration, right? Where you buy yourself a boatload of long duration CDs thinking, okay, I'm gonna lock this in. Well, you see the risk there. I just went over it somewhat in the 30-year. Now that's a 30-year, okay? But let's just see how far back the 10-year goes out of curiosity. Yeah, see, the 10-year, it's huge. We don't get the data before 2003, okay? So you do have lower price action. We made it all the way down to 103 when you had some high yields in 2007. You made it all the way down to 103 when we had some high yields in 2006 before that new normal kind of kicked in of 0% interest rates, all right? But if you ladder a one, two, three, four, and five-year CD right now, you're getting 4.87%. And that is the APY over those five years. So basically, you can lock in a five-year ladder and you can be pushing about 5% right now for a CD. And then the cool part is, is that you get to roll over every year to the next rate. So if rates stay high, you're somewhat protected because what happens? Well, when that one-year CD rolls over, you take that cash, you put it back into a five-year. If rates are high, that five-year is gonna be helping you out. On the flip side of that, if inflation squashes, you're protected on both sides to a certain degree, right, laddering. Anyway, I thought it was interesting. Not a lot of people, I think, would realize right now that you can get a five-year ladder that pushes you to about 4.9%, 4.87%. That's what I got it up this morning for a broker in CD. Now, the last part of that conversation is, okay, that's a risk-created return over a period of five years. Well, we get the market right now trading at 43.92, okay? And what I'm gonna show you real quick, I'm gonna use 5%, okay? And I'm gonna show you that after the first year, okay, that would push you, if you invested in the S&P at 43.92, well, your risk-free rate of return one year out from right now would give you a price of about 46.11 in the S&Ps. So that's what you're getting, risk-free rate of return right now after you go into the CD market. You do it again for the second year, you're talking about 48.42. You do it again for the third year, you're talking about 5,084. You do it again for the fourth year, 5,338, and at the end of that five-year CD, you own an S&P that is equivalent, an equivalent S&P of 5,605. So those are the conversations you wanna have with yourself, okay? And depending on where you are in the risk tolerance of your investing, of your retirement, you wanna make those decisions. My retirement folks, my 401k, I'm all in growth stocks practically, okay? This market's doing just fine in the long term. In the short term though, there is some extreme volatility that we are coming to, man. We got Jackson Hole on Friday. Nobody's quite sure where the new normal of interest rates is gonna be right now. There's a lot going on in terms of volatility in this market. And you wanna understand that if somebody said to you, hey, if you buy the S&P right here at 43.92, I'll make you a deal. I'll give it back to you at 5,600 in five years. You wanna take that deal? A lot of retirees would probably take that deal. Well, that's the deal that's being given to you in the CD market right now. And if you're comfortable taking that deal, then take that deal in the CD market and don't risk anything in the equity market because we don't know what can happen. It's a real return, folks. And when you start compounding it over five years, you're talking about big numbers that brings you to the S&P at 5,605 right now. Risk-free, okay? Five years is a long time. As we all know, this market could be at 5,600 in six months from right now. I'm somewhat kid, but not really. I mean, we just jetted from a price point of, yeah, we just went up 1,000 points over basically the last year from the low to the high, okay? And that is talking about basically going 1,000 points from this year's high to the next high. So there's opportunity costs. We all get that, all right? But when you talk about these rates, they're gonna be in focus, man, and that's gonna be a competition for capital. It's especially interesting. The markets have held up so well when you think about the amount of cash that is choosing the risk-free rate of return right now, whether it's just sitting in money market funds, et cetera, that's gonna be a persistent influence in this market. All right, so let's jump to, where is it? Where's my article? There it is, bond bulls. Bond bulls at JP Morgan and Alliance keep piling into a bet gone bad. Treasury returns turn negative for 2023 as yields jump. So we went over, right? The prices of where these equities are, excuse me, where these notes and bonds are right now, the market, mark to market capitalization of those, you're losing money on an equity basis if you got into the beginning of the year and you wanted to sell. And what they're talking about, man, is that the CIO for JP Morgan, asset management, Bob Michelle, he was on the case in 2019 talking about, listen, last year, right? Is that what they're talking about? Yeah, correctly predicted the slide and yields all the way down to 0% from 2% in 2019. He's buying every dip. So you got buyers out there, man, and they are looking for a reversal from these lofty levels we're at right now, but they're down 1.5% over the past month and beating just 35% of the peers. If you're in this trade, you're getting pummeled, man. Bond bulls face mounting losses as yields march higher. There's your treasuries, man, losing money on a negative basis. And what is that? Basically inverse to where we are on the chart. And the reason I went over the kind of this long, deep dive into the yields, right? It is so important, folks, to remember this 30-year chart, okay? 10-year doesn't even go back that far. But remember the 30-year chart, everybody's talking about duration and at least be aware of the risks present, okay? Some of us are technical traders and boy, that does not look like a big buy just yet, okay? That looks like a stock that's on its way to $2 or something like that, right? Where you're just getting right across the board, you're challenging the lows last year. And what's so interesting is I think we've all come to the realization that there's a very real possibility that 0% interest rates are gone forever, at least for some time. And if that's the case, consider that the area above where we're at right now is the price action that took place when interest rates normalized around almost zero to negative on some markets across the globe. So then what you do is you say, okay, compare the price action where we're at right now to where we were prior to that. Well, that's what we're coming for, man, because we're at a level basically that's a high price for anything prior to 2008. All right, folks, we'll talk some equities. We're gonna take a look at the video when we get back. They got their numbers on Wednesday. Stay tuned, we're coming back for the open. Attention traders and investors, are you ready to elevate your game in the stock market? On August 23rd, join Basil Chapman, the mastermind behind the renowned Chapman Wave methodology and a subscriber exclusive 90 minute webinar. 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And it's not just dry tedious text 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, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV. Hi folks, we've got markets open. Everything in the green right now with the S&Ps up above 13 points at 43.96. NASDAQ 100 up by 77. You get the Dow up by 21 this morning. 34,582 in the Russell sneaks back into the positive territory right now with the Russell up by two points at 18.67. We jumped to commodities. Goal catch is a slight bid up six bucks to 19.23. We jump over to the crew contract, hanging above $81 at 81.27 and we jumped to notes and bonds. It's been the discussion of this program. It'll be the discussion of many programs folks, especially coming into Jackson Hole on Friday. I believe Chairman Powell speaks just after 10 o'clock. Is the action there? I believe for Friday morning, and you get a lot more than that going on, I think it's a three-day symposium, right? But it's all about Friday morning in terms of Jackson Hole out there. He'll be speaking. I think it's even 10.05 a.m. Eastern time is potentially that number that he'll be talking at. And what do we got? We got yields coming back to those lows. Pretty remarkable. All right, we're gonna talk a little bit of migration. Some cool stats in here. Now, this is from Bloomberg. This is out, yeah, I guess it's early this morning. I was reading it early this morning. New York and California, each lost $1 trillion. Each lost a trillion dollars when financial firms moved south. Okay, so check out some of these numbers they talk about here. We're all aware of it. Yeah, but as they put it here in Bloomberg for the first time, there are hard numbers quantifying the exact scope of the exodus. Both states have in the past three years lost firms that managed close to $1 trillion in assets. With them, you have people coming that work for those companies. 17,000 firms is what they went through. Okay, talking about the filings of these companies. The exodus from the Northeast and West Coast, not a lot of attention goes onto California as much as New York, okay? But they're on the trillion dollar number as well. And where are they moving? Texas and Florida. Now what was interesting here was going through this article, they talk a lot about the reasons why people move, right? Coming out of the Northeast, man, weather is a big factor, okay? Quality of life, sunshine, blue skies. Now, man, we got some heat in Florida in August, okay? If you can avoid Florida in August, head on out to Cape Cod, man. They had the beautiful Falmouth Road Race this past weekend. Watch that beautiful weather. It was in the 70s, folks. It was in the 70s. The course records on the Falmouth Road Race, you know what, I'll bring that up next race too because that's home close to me. Ran the Road Race in 2019. Can't believe that was four years ago. And I said it before, folks, if you're thinking about doing something, right? Don't wait till next year. You never know what's gonna happen. I had always, we spent summers in Cape Cod, Falmouth Mass, right by the Falmouth Heights. Good old Falmouth Heights, man. Those were some awesome years growing up. They always had the Falmouth Road Race. Wasn't sure I'd ever run it. Got my act together. Figured I had a chance to do in seven. Now, here's the other kicker here, folks. The Falmouth Road Race is not a 10K. I actually found out 10K is about 6.2 miles. So I'm getting ready for the Road Race. And I'm not, I just wanted to finish, folks. I wanted to finish. My goal was in 2019 finish and keep running for the entirety of it. Well, I found out like three days before it that it's not a 10K that's 6.2 miles. It's actually like close to the seven miles. Nonetheless, check out beautiful Falmouth Mass if you get the opportunity. And yeah, if you're coming to Florida and you can afford to be out of here for some of those summer months, get it done. But boy, we have an amazing quality of life outside of maybe July, August and September. And even then, plenty to do in the sunshine state. But nonetheless, 158 companies managing $993 billion in assets moved their headquarters out of New York. 104 firms shifted to Florida. 56 of them from New York, so almost didn't even split there. Now they get a bunch of graphics in here. They all make sense if you've been paying attention, right, where's everyone going? Well, California, you're going to Texas is a big one there as well. So California is a different deal. New Yorkers, the Northeast, a big factor there is quality of life in terms of weather. In California, they already got great weather. What they don't have is low taxes. And so that's where you're seeing some of the shift going on from California more so to Texas because it's not about that sunshine that they already have in California. It's about the finances of taxes that come with it. You check out the states, all right? Now what I found interesting as well is good old Massachusetts, they're gaining assets under management, okay? And they are a high tax state. Taxatruces is what they call it. But boy, let me tell you folks, as somebody with young kids now, the education system in Florida is abysmal. And I think I'm putting it lightly. I talked about it on the program before. We don't even have air conditioners working in Polk County out here, man. They got like 12, 15 schools that don't even have AC. You want to talk about education, okay? So there are benefits to taxes, but it's interesting because New York catches all the heat. And then what do you got, man? You got Massachusetts, gaining assets under management, all right, but yet New York, Connecticut, good old money, Connecticut losing a lot of money in there, Pennsylvania, DC, Maryland. You go into the Pacific Northwest, Washington, Oregon, California, and then where's that money going? Anywhere with these types of blues out here, you can see Nevada, Wyoming, Colorado, Arizona, Texas, Tennessee, North Carolina and Florida, some of the biggest benefiters out there and Massachusetts, which I found pretty interesting. Now you keep going. Weather and low taxes, draw firms south. Weather is what we talked about, basically coming from the North. These taxes are a bigger component when you're talking about California. And the last part I want to get in here, good old Tampa, man. Investment firms flocked to Miami and Tampa. Look how many Tampa grabbed now, of course. You got quite a plethora. I think it's 104 or something like that in Miami. What are these add up to? 80, yeah, not even more than that, right? More than 100 firms kind of on that East Coast, down by Bokeh, West Palm, Miami, Palm Beach. But yeah, Tampa pulling in some decent money in there with 35 firms, Jacksonville with 12, Naples with 13. And that game has changed forever, folks, okay? Changed forever to pull it lightly. Now the last part about this is that this is just like the very tip of the iceberg, okay? Yeah, so check this out. The assets under management outflow since 2020 equals just a tiny fraction of the 25.6 trillion dollars managed in the state. This is talking about New York, okay? Which is still 10 times as much as Florida has. California has 15.7 trillion, okay? And most states, including California and New York's, on increasing the total amount of assets managed there because of the strong market performance. So New York's at 25.6 trillion. That's 10 times as much as Florida. So what's that put Florida at? Two and a half trillion or something like that? So New York's at 25 trillion, California's at 15.7. Florida's at 2.5 and still you have New York and California rising from 25.6 and 15.7. They're just losing some of the assets to those other states, but their net number, gross number, however you wanna call it, is still rising because the market's going up so much since 2020 as well. Yeah, so keep that in mind, we'll see where it goes, but it was interesting to see some of those numbers and really how at the tip of the iceberg we are if those numbers continue to change. And I imagine they will continue to change, which is what's so remarkable in terms of where we go from there and life has changed forever. All right, what do we got folks? NVIDIA earnings coming up on Wednesday. Let's check out NVIDIA shares. Now we got Palo Alto with their numbers on Friday. They're charging higher up by 16%. NVIDIA getting a couple upgrades this morning. They're up by 3.7%. You jump over to the Analyze tab. You want some action, 30, excuse me, $47 move. Priced into NVIDIA earnings coming out on Wednesday. That's more than a 10% move, but guess what? It's not that much. You think about that this stock is up almost $47. It's up $35 from where we were just Friday morning. All right, folks, stay tuned. We're gonna come back. We'll talk some NVIDIA earnings and we're also gonna talk some Hazel Chapman webinar coming up on Wednesday as well. Stay tuned. Don't go away, folks. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. 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New subscribers get a 30-day money back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at tfnn.com. Will the S&P 500 continue to climb for bold trades on US large cap stocks in either direction, trade SPXL, SPUU, or SPXS? Directions daily, S&P 500, bull and bear, leveraged ETFs. Direction leveraged ETFs. An investor should carefully consider a fund's investment objective, risks, charges and expenses before investing. A fund's prospectus and summary prospectus contain this and other information about direction shares. To obtain a fund's prospectus and summary prospectus call 866-476-7523 or visit Direction Investments.com. A fund's prospectus and summary prospectus should be read carefully before investing. An investment in the 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. This program is brought to you by VistaGold, traded on the NYSE American and TSX under the symbol VGZ. The market's pushing a little bit higher on the open. We get the S&Ps back about 4,400. Up by about 20 points at 4402, Nasdaq 100 catches a bid as well, we're up by almost 9-tenths percent. The Dow right now basically flat and the Russell negative growth stocks catching a bid. And yeah, let's jump around to some of those fang stocks, Amazon shares. Up by about, we'll call them, are they main nifts and seven, are they fang? Everything changing. Apple, up by a third of a percent this morning. Microsoft shares, up by eight-tenths percent. Amazon, up by about eight-tenths percent. We jump over to Google, up by two-tenths percent. Tesla shares catches a bid up by 4.4 percent. There you go, you jump over to Nvidia. They're up 4.5 percent to head of their numbers on Monday. So some big numbers out there. HSBC, they put out an adjustment to their price target to $780 from 600. So they were at 600. They go to 780 ahead of their earnings this week. 780, the stock was just at 420 on Friday. Absolutely remarkable. Keybank adjust their target to 620 from 550. HSBC's got a buy rating. Keybank's got an overweight. They should, if they got 780 and 620 on there. Nonetheless, they've come out on Wednesday. That'll be an interesting one, man, to say the least. Nvidia earnings, and as I mentioned, almost a 10 percent move priced in doesn't seem like a lot when you look at some of those price targets and you look at the move this has had and you look at the move this has had even just in the last 24 hours of trading since Friday as it's up from almost 415 to pushing 453 this morning. All right, I mentioned to folks on Wednesday, we got a man, Basil Chapman. He's got a special webinar coming up, folks. Just over 48 hours from right now, he's gonna be doing this webinar. It's free for opening call subscribers. So if you're already a subscriber, you're all set for till 5.30 p.m. Eastern time. It's gonna be a 90 minute webinar. Basil will be in there live with all of his opening call subscribers. This will be archived if you can't attend live. Again, it's free for opening call subscribers. So all you gotta do, if you want to attend come on over to the front page of TFNN. You can click on the opening call banner. You'll see Basil and he is talking about the power of the nine and 14 period moving average and other indicators in the Chapman wave methodology. Basil's had some great calls in this market, folks. He's talking about high on the Dow and he's gonna go over some of those trades, how he uses these instruments when he's trading. As he puts it, assess sustaining power, prepare for market turns, talking about on-balance volume, potential for price turns there as well, talking about exponential moving averages. For long-term support and resistance levels, he's gonna use these tools to analyze the sector and key stock outlooks for the September through October in the period in the coming markets. And we're coming back, man. We got Labor Day, what, in two weeks from today? Yeah, Labor Day's two weeks from today. As the summer ends, we kick back into things. So Basil's up there on Wednesday, 90 minutes. And again, folks, you get a 30 day money back guarantee. So if you've never tried out the opening call, check it out. It's a great time to do it. You get Basil's outstanding newsletter. He puts out an outstanding update over the weekends, new updates every day. You gain access to that for 30 days. You get the webinar, and what you also get in here, folks, Basil has a number of different webinars that you gain access to. This is just some of them. He's got three listed here, seven others. It's like 10 archive webinars. So you got an amazing value for 30 days. And the best part is, there's no shame, man. I hope everybody signs up. And if it's not for you, cancel it. You get a 30 day money back guarantee. There's no harm in that at all, folks. I always, people sometimes they cancel. They say, I'm sorry. It's just now, so don't say sorry. I said, thank you for trying it out. That's all we ask. Give it a try. Basil will be in there Wednesday for 90 minutes talking about the nine, the 14 moving average, other indicators, unbalanced volume, exponential moving averages, and looking at the sectors and stocks that are coming up for the next few months. Because it's gonna be an interesting one, folks, to say the least. I was in there in my group chat this morning, and we're talking about housing prices, right? Why not? Lenard, they're dropping by 2% interesting. As we see kind of these stocks that have just flourished actually catching a little bit of a sell-off for the first time as you got Lenard. Just about a month ago, we're at 133, you're at 115, right? That's Darden. I always confused the two. DHI, DH Horton. We were pushing 132, we're at 115 right now. And yeah, we go back to Darden. They pulled back as well, 173 to 150 I. And you know, I was jumping around real quick, one second as I, all right. I'll jump around afterwards. I was gonna pull something up. I can't find it too quickly. Dow rolls over negative. Actually, as we open here, we got the Dow selling off a bit 34,550 at a time when you got growth stocks charging higher. Probably led by NVIDIA. As you're up by more than 4%, man, you had just got above the highs of last week, and we put this thing on a daily. You're trading at 450 just off of the all-time highs at 480, just over a month ago. All right, what else have we got going on? Boy, keep this one on your radar because it's coming right now. And say some prayers, send some white lights over to the people of California, Arizona, Las Vegas. They're getting some rain that they are not used to, man. And what do you got? You got an earthquake out there in California as well. You got a little bit of a typhoon action going on in terms of tornadoes and so forth. But yeah, say some prayers, keep it out there. Palm Springs, California. There's some visuals. And they are not used to these types of hurricanes. So a little bit of a different story when you get that type. I saw some visuals out there in Las Vegas talking about getting ready for the deluge of mountain rain that's coming. So there are gonna be some visuals as usually hopefully everyone stays safe. And get ready for hurricane season if you're in Florida too, folks. Have a plan. Make sure you got plenty of water. Go out and buy some water if you can. Go out and store five, six cases of water. There's no reason why you don't have three to five days of water in your house, period. I know this is normal stuff, but it's always amazing. And I think we really learned a lesson during COVID. Everything's always, oh, it's right here. It's right at our fingertips. You've seen the lines in publics, folks, when storms hit, right? You can't find anything. You wanna go buy a generator? Go buy a generator right now. I'll tell ya, I was even looking at them, okay? Again, I'll put this one out. Let's say you don't think you wanna afford a generator, okay? Well, I'll put this one out there that you can always return things you buy within 30 days from Home Depot and Lowe's, okay? So if you're really worried, especially, I got young kids in the house. Everything changes when you got young kids in the house, man. You can't tell a one-year-old or a two-year-old. Everything will be fine. Don't worry, I can't warm up your bottle because the microwave's out. Don't worry, the air condition doesn't work, but it'll kick back on. Just struggle through the heat, okay? You can't tell them, so things change. You can always go buy them and return them if you don't use them. And that would get you all the way through to almost the end of September, because they're lofty, man. You're talking about what? 700, 800 bucks to 1400 bucks for a generator. And you're talking about, you probably need some window AC units if you really wanna be protected there, to some degree, at least one, right? So you have one room in the house. A lot of those portable generators, they can't power a whole house. And here's the kicker. I'm just talking about protecting yourself right now. If you are going out and getting a new build house, if you're putting a new build house, if you're getting a new house, get yourself a full, easy switch generator because living in this state, man, my dad, all the houses he builds, he puts a Generac generator on there. You flip the switch, you got power like it's nothing. That's where the future's going, okay? So if you have that possibility, do it. It's a no-brainer. Put it into your mortgage if you can, even at 7%. But if you can't, make sure you're protected, man. Make sure you have a generator. Make sure, okay, that you are protected because the storm water's out there. They're pretty lofty this season when you talk about the temperatures. And we are right at the beginning of storm season. Take a look at generators this weekend. All right, folks, one more segment today, June. We got the S&Ps up by 15. Don't forget about our man Basil Chapman. We'll be right back for one more segment. Check it out. TFNN has just launched their new trading room, the Tiger's Den, hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. And now they are expanding their reach with the Tiger's Den, available to all tigers and tigers for just $1 for the year. There's no catch or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other tigers and tigers as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well. So it's always at your reach. To sign up today and become a part of this educational community of traders, just visit the front page of TFNN.com. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys and stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know, and you'll get a full refund within 30 days of signing up. TFNN.com, educating investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement that you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know, and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com, educating investors. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV. Welcome back, folks. We have markets still in positive territory, but given back some of that pop we got on the open, we got the S&Ps back under 4,400 at 4,397. Dow rolls over negative off 50 points right now. The Russell, off by five, we take a look at yields that we spent some of this program taking a look at. Chopping around right near the lows of Thursday, 109.06 as we got the 10-year yield right now, pushing a price level, excuse me, 10-year yield with a yield of 4.32%, 4.32%, man, you gotta love that. All right, what else we got going on? Meta, they're gonna be talking about their threads is going on the desktop, I was looking for. Web version is what they call it, I guess. So threads launched on mobile and they got 100 million plus. Now they're launching on the web, they're coming for Twitter, they're coming for X, whatever you wanna call it. Elon better move quickly to make that the app of everything as threads is coming for that business and they're up about 8-10% with a positive market today. You jump over to the VIX, 1757, chopping around basically where we ended Friday's action with a market up by 16 though. Remember, markets up by 16, Nasdaq up by 137, you do have some weakness in the Dow, some weakness in the Russell, but meanwhile we have a slightly elevated VIX. Not always the case, you got the S&Ps approaching 4-10% in the positive right now and meanwhile we have the VIX slightly elevated. All right, and as I mentioned, folks, yeah, keep California in your mind out there, folks. Send some good white light out there because boy, they are not ready for some of that rain. As I just mentioned, I follow some social media accounts geared towards Vegas, talking about Vegas happenings and boy, I saw some visuals last night talking about where they drive this mountain rain through and the desert is not equipped for some of those lofty deluges of rain. So we'll see where it goes, but nonetheless, as I mentioned, make sure you're safe out there as well and don't forget about our man, Basil Chapman, folks. He's coming up next with the Tiger Technicians Hour. Don't miss his webinar Wednesday night. All you gotta do is sign up for the opening call. Comes with a 30-day money-back guarantee. He's talking about moving averages. He's talking about on-balance volume. He's talking about the Chapman Wave. 90 minutes in there with Basil. Folks, thanks so much for kicking your week off with me here at TFNN. Stay tuned for Basil. We'll see you tomorrow. Have a great one, folks.