 The following is a presentation of TFNN Trading Hour with your host David White. Call now toll-free at 1-877-927-6648 internationally at 727-445-1044. Now David White. And we're back to another excellent edition of the Power Trading Hour with me, your humble lovable and squeezibly soft host. The following takes place between 2pm and 3pm. What do you've got? You've got a market that's a little bit of indecision, of course. The biggest thing happening today is it's the day that most market makers go delta-neutral for the big amount of options that are going to expire on the 17th. At this point, what they want to do is make sure that there's nothing that can kill them. If there's an option out there for 10 cents that goes to 100 bucks, it is as bad as probably what happened in the Kentucky Derby on Saturday, where you had a 65-to-1 payout for whichever horse eventually won. The thing is that as an option market maker, you're always trying to sell equal amounts to both sides. If you're a bookie and your living is selling bets for people playing football, you just sit there and move the spread around until you get more people interested on one side or the other. You try to just have basically the most amount that you can get bet on one, and over time it generally works out fairly well. About 85% of times the odds are correct on paramutual horse racing. That's been studied very well. Will it get hit over time? Will there be things where it doesn't work out like it did on Saturday for them? Yes, but for the most part, it does work out over time. What they're always doing is trying to change the odds by changing the spread in football. To some extent, what actually happens is they want to get those options off the table or get them down to a manageable amount that won't blow up in their faces when they're so cheap because then of course people can plunge on them. But 85% of the time today's low is the low through expiration. You have to have a fairly compelling case to say that it's going lower. On average, it will be up 10 times a year through this period. It will be down twice. It will be down almost 3% on average and be up one to one, and it depends on who you argue with about the way you should do the statistics, but maybe one to 1.2% bullish bias from this time. So a little bit for problematic markets or even decent markets a little bit higher and potentially one out of five times much lower, 3% on average. So the thing is, there are just not a lot of those two out of 12 times, not a big batting average for the market going down. When it does start down though, it does tend to be rather dramatic, but today is the day that the timer starts kicking off in the market for those options expiration. It is not uncommon to see them push it down and push it up and push it down and push it up until they can get all of those correct. So I'm not a big fan of trying to jump out in front of this by about 2 to 30. Most of that is taken care of and you start seeing it develop in the actual options. We saw options weakened very much Thursday and Friday and why we went short or went into a bearish position with a call on the VXY that we discussed yesterday. There were a lot of other reasons. We also discussed that yesterday. What we have now though is a market that probably is a little bit of limbo, doesn't have a lot of juice to the upside came down on volume, but at the same time, did yesterday or today's low set a low for the next seven days? Well, you know what? They're trying to get an IPO out the door. My guess is that we're going to try to push this thing up yet again into Friday and probably the best option again is probably going to be waiting until one probably one in the afternoon on Friday to see if weakness develops once again. And we start seeing another setup as we did last Friday. I don't see a lot of risk reward in going long or short right at the moment. That may develop when I look at the options later tonight as we see the close. A lot of options are done at the very end of the day or reported at the very end of the day. So you don't really get a chance during the market to do a lot of analysis and it takes me about an hour of going through them at this time in the options expiration cycle to actually see what most of them are saying. I know what they said yesterday. Today's really the difference with that delta neutral. It really tells you what they expect and how much risk they're willing to take going into the next seven days. So we'll keep an eye on that. Volume today is probably a little bit different than volume yesterday. Already doing 4.2 billion shares. We ended up doing over 7 billion on the CBOE yesterday, which was fairly significant. In fact, I'll bring that up after the break. But volume is at least good and probably about 500 million shares better than it's been the average probably for the last two weeks. So not an issue with not having bad volume. It's not blowout volume either. And they're just not a lot of clues quite yet. Will a combination of trade issues and IPOs be enough to suck the oxygen out of the window and see us start moving down into the 27th as we go into three-day weekend? I think that's very important because generally there is a big change in the market in these three-day weekends that come up across the summer. Three-day weekends in the winter still somewhat, but not near as good as the three-day weekends in the summer of changing the character of the market and a lot of times more than likely the direction of the market. So if you are bullish longer term, you would love to see this market pull back into the Memorial Day weekend on lighter volume. If you're bearish, you would like to see one more push higher on lighter volume and all the shorts getting out of the market for that. But again, even with the moves yesterday, we don't have or I didn't see that many horrific attempts to really short stocks when they were down. Generally when we see everybody decide that it's time to short, it's generally a time to have a big bounce. As we go to break, we'll be back shortly and we'll look at the rest of the stuff. But up four or five points on the SPK at 71 on the Dow and up four on the Nasdaq. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. Whether we're in a bull or bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. 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Details on the Tiger's Den are on the front page of TFNN.com. TFNN has launched our brand-new website. You can still visit us at the same TFNN.com URL, but when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com, educating investors. Call now toll-free at 1-877-927-6648 internationally at 727-873-7618. It is nothing but history repeating or at least rhyming on this day in 1963. The release of Dr. No moviegoers get their first look down the barrel of a gun at Super Spy James Bond codename 007. The immortal character created by Ian Fleming and his now famous series of novels and portraits on string by the relatively unknown Scottish actor, Sean Connery. They were looking for somebody that was rather special. Really didn't know they'd looked at a lot of actors for the part. And they were looking out a window as Connery left the building and one guy goes, that's got to be him. And the other guy that he was talking to said, well, why do you say that? Just watch him walk. He walks like a tiger. And apparently that's what sealed the deal on him getting those movie roles and becoming iconic from then on. But one of the other things they left for really got pushed by Ian Fleming to make the movie much closer to the books than a lot of people would have liked most movie houses at the time unwilling to make a movie anywhere close to the way the books were. And in fact, they made one, they made actually a couple of attempts before this movie because the books were so popular, especially because in 1960, Jack Kennedy said that it was his favorite book to read. Ian Fleming, of course, was somewhat the spy in the Second World War. Unclear exactly what he did. A lot of people say that he overstated what he did in the Second World War, which is not exactly sure what it was. We didn't have YouTube and video and people recording everything back then. But it was interesting anyway on this day in 1963. Movie legend and 25 movies later and going on number 26, James Bond. Anyway, what else do we have going on? We'll look at some of the winners and losers in this market. Again, kind of stuck at this price right now. Not surprisingly to see this market kind of fluctuate. And when we do look at the S&P 500, we're looking at the low of the day at 2873. My guess is that will hold by the end of the day. So that's the number that we're looking at that this thing is going to close over 80% of the time or more by a week from next Friday. Question is whether or not we get a couple of really bad days, maybe Monday and Tuesday, a hangover from too many IPOs. And we shall see. Anyway, Russell's off buck 20. No big deal. Like I said, kind of a tight move. When we looked at options yesterday, we were talking about maybe 2850 being the low. Just volume did kind of drop off down at those lows after they ran all the stops. So that may be it for the next seven days. We may not have a lot more on the high side as many people were actually selling shares to actually buy some of these new IPOs. And let's see what else do we have? Question about DDD. One of the traders has it in here. Nice bounce off the lows it blew apart on earnings. If we can actually get that down on fairly decent volume. This has a history of kind of doing this and then filling the gap fairly quickly. Sales probably not as bad as it would as you would think when I was looking through them just morning. But certainly this field is really starting to get a lot hotter. And it probably should have done a lot better. I think SSYS came out a few days ago. If I'm not mistaken. And it did a lot better. It's opened down a little bit on that. But these things are starting to settle out. And new technologies might bring a second life into these stocks much larger life in the near future. See what else we have. You can email me at path at tfnn.com and we already have some. Knowing that stock market is Trump's biggest trump card. You agree he's getting a lot of coaching to make sure that China deal sounds good. I think he's more interested in the long term. If he gets this deal set and certainly takes care of a lot of the intellectual property theft. It's just going to be a good deal. And 2012. One of the probably the things that Trump keyed on most was a speech that Obama gave to Westinghouse officials in Ohio. He just said your jobs are never coming back. And we're not going to do anything about it. And that's it. Just you better figure out something else other than to do. And I don't think that was probably wise politically but certainly Donald Trump has capitalized on it. To me if he gets a good deal out of this it means more business here especially in the heartland where is where his voters tend to be much more optimistic about his agenda opposed to others. And you know what anytime you can get somebody a job. They're probably a lot happier than living on welfare. So I think he's doing everything correctly. The question is whether or not you can get a deal out of Xi in China. Because of course when you rule in a country like that everybody's looking to stick a knife in your back and take over at a moment's notice. He's more of a dictator than anything else. Dictators can't even start to think to look weak. And that is the problem of making a deal with China right now. Is any deal probably makes Xi look weak and problematic. But again I think a lot of people think that the end of the world comes with tariffing putting tariffs on Chinese goods. I just think we're going to see a lot of people start building and making stuff here in the United States instead of getting it from China. Probably a better deal for US citizens. Probably not such a good deal for people dumping steel and other products from China. There's always a winner and loser. We've just kind of capitulated for the last 20 years to China on all their intellectual property thefts. And turn the blind eye to it. But I hate to say that you try to reward people for doing the right thing, whether or not the outcome's right. But most likely politically he will be rewarded if it works out and be penalized if it does not. But he's taking a big swing and not trying for a little butt to get on base. Okay, what else do we have out here? Thanks, Kevin. What else do we have? Oh, we're going to break. That's about it. We'll be back in a minute. We'll start looking at a lot of these other stocks that move today because there are a lot. 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I even issue afternoon updates for my subscribers whenever warranted with important market action. I'm always scouring the market for the next great trading opportunity. Sign up for your 30-day free trial to my daily newsletter, Market Insights Today, by visiting the front page of TFNN.com. Go get them, folks. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, Your Ultimate Trading Mastery System, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, The Art of Timing the Trade charts allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies, and much more. The Art of Timing the Trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. 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And go ahead and take a look at those. On the biggest loser side, we have WOU. And that's U2. I think this is a Chinese outfit. Now let's take a look at the profile here to make sure on what they do. Operates an educational technology company in the United States, Hong Kong, South Africa, United Kingdom. The company operates through two segments, graduate programs, segment and short course segment, or offers running technologies and services, including online earning platforms. And yeah, I think a lot of those actually are aimed at Chinese individuals, if I remember right. Anyway, it went down to the previous low of 44.50. That was December 26th. That had a million shares. You're through there today with six million shares, but it's kind of acting as support as you get into it. But not a great day at BlackRock, if you know what I mean. You like those 50s Westerns. What else do we have? Another one in the biotech space, acting a little weird and poorly. Gap down and continue to go down, fairly extensively closed, or hit a high of 35.24. Yesterday, down to 2602. Again, finding support at previous lows. That was the February 6th low, 2605, with two million shares. You got 3.7 so far. And you've gone about three cents underneath it, and it's holding there. So those previous levels are acting fairly well. Other stocks of note on the loser side was MeetMe. It is an online platform for communication. Blew through its previous low, but not the previous previous low, March 6th, $4.88, just what's called 5.9 million shares on that March 6th low. Tested with lighter volume, did bounce up about a buck up to that May 3rd high of $5.89, and a massive retreat back below five bucks. The one thing about stocks that are around here on five bucks is you can't really short them anymore. So as soon as they duck under five bucks, there's generally a lot less shorting. Big men of the street can continue to short. Most retail traders won't allow you to short anything under five bucks. But I don't think that's dictated by anybody other than the broker-dealers themselves. On the positive side are some big ones. Match Group, M-T-C-H. I think this company has a lot of risk, but doesn't seem to be showing up quite yet in the market. But this is a company that does Grinder and all those other hookup apps, as they like to say. A nice big move here today up on 5.8 million shares. This is one of those stocks where you don't know where it's going to go, but the first time that we get yet another sexually transmitted disease, probably going in the dumper. You just don't know when that's going to pop up. Other stocks of interest, see if there's anything out here. BG was interesting to me as we look at that. Again, you can give me call it 877-927-6648. Bungie, nice pop higher today up with about the same volume that we saw on April 9th, $53.96. About 20 cents shy of getting into that today. Again, a lot of people all want to buy all the way to the previous highs and then give up. Now, the downside is this February 25th, I had about 5.8 million shares at 54 bucks. So as you get back up here, you really want to see a lot more juice to go through those February highs. We're not getting it on most stocks of interest. Let's see, QVRO, look at that. Okay, that is everything so slow today. Probably because I'm not, that's why, because I'm not PQRBO. I'm not typing it correctly. That would do it. No, it has nothing to do with Windows and you let our engineer who hates anything beyond Windows 95, apparently. Then he's stuck in time. We had another engineer who was even stuck earlier. He was stuck in about 1982 and dressed like it. Cuervo, when we look at this, you did have a nice pop higher today. Of course, this one provides radio frequency solutions technology for mobile devices. We talk about this kind of technology as the black arts. If you watch your Hogwarts stuff. But it certainly is a nice move up to the previous high. I didn't look at Qualcomm today. Beyond lunch. Let's take a quick look at that. Not a lot. Qualcomm's got two nice gaps. Probably going to get a third out of it before it quits going up. But the question is, does it get back down to the $75 range first? Anyway, as we were looking at Cuervo, an interesting technology play, and certainly a nice bounce. Any of these companies going forward that are doing the right thing will be in 5G. We'll probably have a fairly decent day. Kind of a long and interesting candle today in Cuervo. But they do a lot of interesting stuff. L&A switches, gallium arsenide chips that are resistant to solar flares and stuff for the military, electronic warfare systems. A lot of interesting stuff. Anyway, nice pop on that. Probably if you're looking at 5G, you want to put this and keep it on your radar for all the rest of them. And see what else we have. Oh, we're going to break already. 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Wanted to see how well some of the ones that everybody's instantly going to want to rush back into like Microsoft are there. Actually, somewhere around support if you look at this gap higher from earnings on the 25th of last month. Gapped up on 30 million shares. Yesterday you were down with 36 million shares. So not that far off. Only slightly on the side of bullishness. Kind of a sideways action out here on lighter volume. And let's take a quick look at Lyft. It's kind of pulling back a bit on heavier volume. Got 16 million shares compared to the low on April 26. As far as the IPO with Uber goes, there were a ton of the drivers that were going to strike on Friday when the IPO went out. And they responded to it with showering them with money. If you don't strike and you actually work on Friday, some drivers that have been with them since the beginning will get upwards of $20,000. Most will get at least enough to make a small difference in their life. But when all else fails, green mail them. That's right. Send them some of that green stuff. Wampum. Simoleons. As long as we have in God, we trust on it. That's it. Okay. I'm just looking at a few other things going on here and see if there's anything going on. Didn't see a lot there. Check back in. We're up nine points on the S&P cash. Go back to all the stuff that I normally look at. Got a question coming in on GLD. Okay. If the pan markets have closed, how do you think their market will affect ours when they come back on board? That was over on the 5th. That was the golden whatever it was. Golden corral days in Japan. That was the April 1st through the 5th. But as it came back, of course, we'd already kind of turned south on Friday. And I think that's a bit of it. But those question whether or not I'm still short. I do have a long-term short position that's probably going to take years in the tech insider. I also have a short position in the daily newsletter that I'm going to let sit just because I do suspect that whatever comes out of this trade deal, whatever happens, there's a lot more downside in the third world. And that's where we're short. To to to. Okay. Anyway, lift down today. Not a lot of expecting in FLX. Let's look at all the stocks that everybody just thinks that they must own. Not bad on Netflix so far today. You're back into this big candle up on the 22nd. That had about 12 million shares. Back down to it with about 4.7. So not a lot of juice so far today, even yesterday, about 7 million shares. So you're kind of back to these support levels. Certainly looks to me like about 352 is where this thing is probably going to stop going back down. It didn't have a good earnings call. But I think there were a lot of people that got short at the very end. They ran it anyway. And now it's kind of coming back down. It may take a little bit longer for this to settle out. But I think maybe by the time you get to the end of May or maybe mid June, this may be ready to have kind of a right shoulder and go back down lower. Their costs are becoming rather expensive. If anybody saw the movie The Hateful Eight from Tarantino, it's got another movie coming out this summer. Once upon a time in Hollywood, I think is what it's called. But Hateful Eight, to save money, Netflix wants to chop them up, that had five chapters in the movie. Going to chop it up into four chapters. I'm not exactly sure why. Seems a lot more likely they should have just chopped it into five and been done with it. But they're getting Tarantino to cut it up as kind of a serialized version of itself. And of course, since almost everything's done, won't take a lot to do that. But they're paying him a lot of money to see if that is in a better way to try to get and wrinkle out all the money they can out of individual movies that they do and other people do instead of just showing you the two and a half hour movie or three hour movie, I guess, if you're watching The Avengers, which may be what they're looking at, can we get one of these big movies that's incredibly too long and cut them up? But nonetheless, it is an issue. Amazon didn't quite make it back up to the highs, did get to 1960, 440 a couple of days ago. That's where you really had a lot of push back down. Last handful of days, he had one really good day on the 26th of April, and it really hasn't done much. He had a little gap up here on the third, but it didn't have enough juice. You're kind of back in here. 2000 is probably some level of resistance. And I continue to think that probably in the next six months, that we're going to have antitrust issues with Amazon, Facebook, at least those two, and it may even go on to others. So I think right now, probably the best, you're probably going to get in Amazon for a while, but you can always turn that spick it on and make more money. To do what else do we have? More emails. We've got emails. Got lots of emails. What else is going on out here? Okay, what else? Question about the S&P 500. How close we got to that gap that I thought we could get to, which is 2850. Of course, we had about 3.8 billion shares on the S&P, actually the NASDAQ, or not, yeah, the NYSE Tape A yesterday, which is the best way to look at the S&P 500 volume, because of course, their stock's always going in and out. So you tend to look at all the stocks on the NYSE for the volume on the S&P. You know, you gave back about half of it. You're kind of stuck in this gap right now that, I don't know, let's go back and look at this real quick. And we're up about eight points. I think we're probably up against resistance and back against support in a narrow range, but we shall see. We'll be back in a minute and wrap up the show. Still have plenty of time to call me at 877-927-6648. 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&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 that I use that has transformed me into one of the best at what I do. Sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of tfn.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls too. Sign up today. $10,000 in Microsoft in 1986. You'd have been a millionaire by 2000. Disruptive technology like Microsoft's is the key to these massive long-term profits, and the tech insider is the vehicle from tfn to capitalize on these opportunities. This is the go-to newsletter that identifies, monitors, and profits on mostly little known cutting-edge companies with great long-term prospects. David's experience is as an inventor of Emmy-winning animation products for TV and Hollywood that propelled a company public. Match that with 14 years as a full-time trader, and he's uniquely qualified to guide you through the light-speed world of ever-evolving high tech. If you're ready to ride the next big technology bull market for less than $40 per month, log on to tfn.com and get your two-week free trial to the technology insider. Get in on the ground floor of the next big thing today. Since 1984, Basil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion. While originally hand-drawing charts from the late 1970s into the 1980s, Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls. Thus was born the Chapman Wave sequence. Using the Chapman Wave methodology along with other indicators, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now, you can get a two-week free trial to the opening call, Basil's daily trading newsletter, by visiting the front page of tfn.com. Cancel at any time during that trial and pay absolutely nothing. Get your two-week free trial to Basil's newsletter of the opening call today by visiting tfn.com. Catch Tom O'Brien, professional trader and educator, founder of TFNN. Also, a special guest on CNBC. Tom will bisect and dissect the markets. The Tom O'Brien Show, next on TFNN. John from Philadelphia and the Tiger's Den, basically posting. The Chinese are running to the hills on buying U.S. bonds, which is probably no surprise as we put the screws to them on trade. But it always makes me think of Operation Petticoat. It was a good movie. Ran on UHF television stations a lot. I tended to catch it every time I was on. Always loved submarines. But one of the lines in that movie was Tony Curtis, who was kind of a conniver and a acquirer of things that he probably, he should not be. But his motto was, in confusion, there is profit. And I think we have a lot of confusion. And if you can cut through it and get to the heart of it, I think that there is some profit to be made. What is a Delta neutral for Apple and Microsoft? It is not kind of a thing. It is just them rearranging the deck chairs. If you've got, if you sold a lot of puts and you sold a lot of calls, right? Maybe there are a lot more calls now than puts or maybe there are a lot more puts now than calls. Your idea is to get those back in line. So if you have to take some off the table right now, of course, the premiums are always decaying. And the idea is that if you don't make it on one side, you're going to make it on the other. But you just want to reduce the risk so that if it goes up or goes down, you don't really lose or win any more money. And that's just literally selling guns to both sides or taking away guns from one side that maybe there's a little too much. All you want to do is balance the amount of risk on both sides of the options chain for the next seven trading days. And I'll send you a link to what Delta neutral is. In the meantime, sell when you can, not when you have to. We'll see you tomorrow. Same bat channel, same bat time.