 The following is a presentation of TFNN. The Morning Market Kickoff with your host, Tommy O'Brien. Good Friday morning, everybody. I'm Tommy O'Brien, a company alive from TFNN just after 9 a.m. Eastern time, and we got markets in positive territory, a little bit of a pullback in the last few minutes, but we still got green across the board right now. S&Ps within a quarter of a point of touching all-time highs, those all-time highs in the futures made December 28th. We just got to a high of 48, 41, 25. The high in the futures, 48, 41, 50 from December 28th. So we're pushing all-time highs. You're back off a bit, back to a 15-minute chart. You can see a little bit of a pullback from where we were at 8 a.m. this morning. We back off by 10 points. The S&Ps still positive by 4 tenths percent. NASDAQ 100, growth stocks, man, AI in control this week, you could say. As we have AI with the NASDAQ 100 up 112 points, that's almost seven tenths percent in the positive 17,222. And yeah, that's an all-time high on the NASDAQ 100 futures. Dow, 37,834, with just up about half a percent right now in the Russell, up by about five points lagging a bit. You take a look at the Russell, you talk about a laggard, man, up by just five, up by two tenths percent. And boy, no, I just looked at the S&Ps, right? S&Ps are right where we were December 28th. The Russell is what, 160 points where you were. The Russell is a solid 7% lower, which is remarkable the divergence you have going on. Bitcoin, we were talking about it, man. Buy the rumor, sell the news, right? Let's put it back to a daily. There's your daily. Bitcoin gets approved for an ETF on January 11th and it's been negative action since then. It's lost almost 20% of its value from that spike. 49,435 were technically positive by 400 bucks on the session. But we're still sitting at a 41,000 handle on Bitcoin crude catching a little bit of a bid right now. Overnight, you trade up to a high of $74.50 or about that price level, $74.55 is the exact. We're back a bit $74.04 on the price of crude. You jump over to gold. We were talking about it yesterday, man. Maybe the stars are aligned. Maybe that was your pullback. I was talking about it on the program yesterday morning. And yeah, it's been quite an acceleration. Where did I get off the air? Yeah, about 2015, you got gold up by $15 right now in the session. We just traded above 2,040, you're trading at 2,035 in the price of that gold contract silver up by about two pennies right now, 2283. And we jumped to notes and bonds. And on a day when we have tech stocks accelerating higher, no real move in yields just yet. You got the 10-year, negative by two ticks right now. We're dealing with the yield approaching 4.15. So it's a substantial increase right now. We come into a quiet period for the Fed because they come back a week from this coming Wednesday. They're meeting January 30th and 31st. The announcement, the only real important date, doesn't matter when that beginning ends. It doesn't matter when that meeting begins, I was going to say. It matters when they make the announcement, which is Wednesday, January 31st. They'll make that announcement at two, press conference to follow at 2.30. So they go into a quiet period and we've had yields rise to about 4.15%. What were we, 3.87, 3.9, something like that in the 10-year? You jump over to the dollar index as we finish the wrap-up here. You got the dollar index, backing off a bit. Now, where's the dollar? Dollar's sitting at 103.40, okay? You're right back to where you were last Tuesday in the dollar. Where's yields? Yields have continued to risen, right? Check it out. We got lower price in higher yield since Tuesday. Is that what I was looking at? Yeah, that's Tuesday. Where's the dollar? Yeah, that's Tuesday. Right, Tuesday afternoon. Now, we did get quite a pop from Monday. From 102.60, you really accelerated higher from Monday to Tuesday's action. And there you see the action on Tuesday that really accelerated things. Nonetheless, I think you're gonna see some dollar weakness coming in, man. And you're sitting at 103.41, just chopping around where you were since Tuesday, even though we've had yields rise a bit since that price level. But the dollar finishing a positive week, that's for sure, man. You put this thing on a weekly. There's your green bar. It's not slowing down, but where do we sit? We've been talking about it. We're sitting right at that 3.82, man. Keep your eye on it. Got a little bit of volatility on a weekly basis, right? Coming in November 20th, we're sitting at 103.40 right now and you are right at that 3.82 on the dollar index. We jump over to the VIX, 13 handle on the VIX. We put it back to a 15 minute. I may sneeze here. Oh, I think I shook it out. We'll see. I may sneeze. 13.65, as this market sucks out some of that. Volatility from this market down about, excuse me, down about 50 pennies at 13.65 on the VIX, back to where you were, Tuesday, as well. All right, what do we got going on? We got some market action. That's for sure. Let's jump around. We'll kick it off with forward. Why not? You jump over to forward shares. They're basically flat on the session right now. Quite a pullback for them yesterday, 11.37 down to 11. And you jump over to the headline. You got forward cutting production of the F-150 Lightning Electric Truck, EVs, man. It is amazing how quickly the narrative has shifted, right? Cut production of its F-150 Lightning Electric Truck, F-150 EV was supposed to be like the gang buster, right? 1,400 employees are gonna be impacted as the Rogue Electric Vehicle Center transitions to one shift, beginning April 1st. The company said it expects continued growth in global EV sales in 2024, though it will be less than anticipated quite a week or a couple of weeks for EVs, right? You jump over to Hertz. They get quite a lift following the news that they're dumping 20,000 electric vehicles. Turns out that's probably the best thing they could do for their business. Some of the analysts are saying out there and we gotta jump over to Tesla when we're talking a little bit of EVs because the paint's just not stopping, man. On a day when you have everything trading higher, folks, you got Tesla down another percentage and a half. You're trading at 209. You have one of the biggest car companies out there, Ford, talking about that, guess what? They anticipated greater demand. They have a demand problem. Tesla's pricing has indicated that for some time. Yeah, so pay attention. All right, the other one we gotta talk about is Spirit, man. You talk about some volatility. So, Spirit comes out yesterday with restructuring. They come out today with a little bit of an outlook, I think. We'll talk about this one, but boy, you jump from 550 up to 750, you're back at 706. What's that, a buck 30? What's that gonna be? A 20% pop on the open. Still well off where you were prior to the JetBlue deal getting nixed by the Justice Department. Nonetheless, you're up almost 100% off the Losey yesterday afternoon, man. You hit $8 almost. What do we get to? $7.82. This morning, we're backed off a bit. You're trading at $7.00. Now the headline for them out there, they detailed steps to boost liquidity and refinance debt. Now, they reaffirmed firm support for the JetBlue deal. I don't even know what's going on there. That deal is not happening, okay? Not happening at all, yeah. Nonetheless, what they did talk about in here is liquidity. I think that had a much bigger impact than them just saying that their deal with JetBlue remains in full force and effect. Now, they're gonna get paid almost half a billion dollars by JetBlue if this deal falls through, okay? Which is probably why they're saying that to that degree. As the carrier explores ways to shore up its liquidity, all right, one of the deals they're talking about here is a sale and lease back of their planes, right? You sell the vehicle, get all that cash, and then lease it back cash flow-wise. That's a big deal. We'll talk a little bit about this when we get back. Yeah, Spirit pushed back on Thursday, not pursuing nor involved in statutory restructure. So we'll take a look nonetheless. Spirit trading higher. We got a lot to talk about this morning on Friday, folks, stay tuned, don't go away. We'll be right back in three minutes. 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. 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We backed off about 13 points since then. NASDAQ 100, we hit a high of 17,255, same area we were at about 630 this morning. We backed off a bit as well. We jumped around to some of the fang stocks this morning. Amazon shares up about 50, 60 cents, maybe 150, 414. You jump over to Apple. Quite the resurgence for Apple, man. Look at this. You charge higher yesterday on their upgrade. You charge higher yet again today extending those gains. We're up by only 20 cents but you were just above 190, 58, right? You back off on a daily. That gap is dealing with 190, 173 is where your gap lower from December 29th to January 2nd. Pretty amazing how this stuff happens between the transition from year to year, right? Taxes are important, man. Nonetheless, we saw how it happened a couple of years ago when the Fed started their cutting, hiking, excuse me, in 2022. Nonetheless, Apple shares hit 190 today but you gotta get to almost 192 to close that gap. We were just trading at 180, 180, 30, two days ago. Man, that's bonkers, right? You're talking about a company with 15.5 billion shares outstanding, moves $10 over a couple of days, $150 billion market cap move. That's why sometimes when they talk about those acquisitions for Apple, something like ESPN, $50, $60 billion. If it was worthwhile, it's almost pennies on the dollar for what they're dealing with. It is pennies on the dollar for what they're dealing with. We jump over to Wayfair. So, Wayfair, yeah, you talk about an acceleration. There you go. That's what happens when your treatment costs in this market right now. You got Wayfair trading up almost, what, 18%? What do we got? Yeah, you got a $50 stock that'll just almost pop $10. You're gonna be up $7 though, technically almost on the open right now. So what are you talking about? 14% something like that for Wayfair and you jump over. Where are we? I just had it, I'll do it to me. I'll find it. There it is. We gotta jump around, shame on me. And multiple different. Here we go. Okay. Wayfair is cutting 13% of their global workforce. Quite a number, man. 1,650 employees, including 19% of its corporate team. So really trimming the corporate team up there. One out of five people in the corporate team getting the axe with the focus on people in management and leadership positions. Kudos to them for making that cut because not often do, you know, you always wanna trim the lower level, but many times the access could probably be at the upper level, which it looks like is in this case, right? You're trimming 13% of the workforce, but 20% of corporate team. So it's the third restructuring since the summer of 2022. And it's gonna save the company about $280 million. Yeah, they reflect a return to our core principles and resource allocation. Although persistent category weakness makes revenue growth challenging. We remain encouraged by the share gains. We continue to see. Yeah, and they talk about here, you got Hasbro, Etsy, Macy's cutting their workforce. There's a lot of cuts going on, right? And the tech stocks leaded off with some of their cuts. Macy's gonna plan to cut more than 2,300 employees. That's only 3.5% of their workforce. And it's gonna close five stores. Wayfarer said the cuts were not related to fourth quarter performance, but rather a proactive move to get the company back to its core structure. Now, yeah, they saw it. You wanna talk about a chart, folks? That's a chart for you. That is a chart for you. Wayfarer, up to 369 on the COVID acceleration, we'll call it now. Pretty interesting, right? How you got these rollovers. Remember, Wayfarer, market didn't top out till the beginning of 2022. December of 2021, this stock had already pulled back from 369 to 190. And you're sitting at 50 bucks, you're gonna be sitting at 58. And where are we back to? Just kind of where we were chopping around. Yeah, what do we got for volume on this thing? And we do have some numbers. The last time they came out with earnings about six months ago, we got some decent numbers before you really gave it up. But remember, that was giving it up with the market. Remember, market made lows kind of end of October, you got that acceleration. But boy, dicey scenario, when you just traded from 70 bucks down to 50. And meanwhile, you get the market pushing all-time high. So be careful on that one. You know, they're talking about being proactive. And Wayfarer is expensive, man. You know, Wayfarer is expensive. I have these conversations with my dad, even going back to when this thing was really accelerating. They're an expensive, they had a lot of expensive goods out there and a lot of competition in that market. See what else we got pulled up here. Yeah, let's talk a little bit of JP Morgan. Why not? They live CEO diamonds pay to 36 million for 2023. I wonder how he feels about Elon potentially getting $60 billion to be CEO of Tesla. Long time boss can't help myself, man. I mean, it is remarkable when you put it in that perspective, right? 36 million for 2023, 4.3% more and raises for the deputies at 5%. Yeah, his pay package rightfully so if you compare the charts of JP Morgan, and you could say the same thing with Tesla, right? But not in the last two years. That's the thing to pay attention. You can't get away from the Tesla conversation right now when you're talking about corporate governance, you're talking about CEO pay and you're talking about CEO pay for the best in the business in the banks. And that's JP, that's Jamie Dimon. 36 million bucks in 2023 is what he's getting there. 1.5 million in salary and 34.5 million of performance-based incentive compensation. His total pay up 4.3% when he made 34.5 million. I mean, not a bad couple of years, right? 70 million dollars in pay. And yeah, you take a look at that chart though. We've talked about it on this program. I mean, check out the acceleration, man. And let's go even a little bit further back, right? You're talking about pushing the all-time highs from 2021. You're talking about well above where you came into 2019 and you compare any of these other banks, man. Look at Bank of America, right? Not even close, okay? Look at Citi. Well, that one gets distorted by different areas in the chart. But Citi, not even close to where you were in 2021. What are we down? 8, 16, 20, you remember down almost 40% from the double top you had coming into COVID and where you were in 2021. Well, as Fargo, they're a different animal with everything they've had going on, still not back to where you were, right? So rightfully so, JP Morgan, well above that area. Can't help myself with Tesla. Maybe Elon deserved that pay package in 2018, but I don't know if he deserves that package right now, man, because remember that what's remarkable is he hit all those accolades on the price target up to 415. And now he's gonna be able to get options in the future that might gain value back and he sold them up at that level. Remember that, okay? He is no fool, folks, all right? That Twitter deal was in April of 2022 that started coming out, okay? So what did he do? He got an outlander's pay package, he cashed it in at highs and now that the stock is cut in half, he's asking for more of a pay package because he sold all his shares at the highs before the company got cut in half. You have to recalibrate the words that you're hearing folks because if you actually state the reality of what's going on, it's even more amazing when you put it in that context, right? He sold out at the highs to buy another company for his own personal gain. The company gets cut in half over the last two years where you could make a very real case that he's been distracted. And now he's arguing that because he sold all those shares, he doesn't have enough ownership to care about his job, so they need to give him more shares that'll probably be worth an extreme amount of money if he doubles the equity and therefore. Nonetheless, we're coming back for the open folks. We'll talk some other equities. Stay tuned, don't go away. TFNN has just launched their new trading room, the Tiger's Zen, 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 Zen, available to all Tigers and Tigresses for just $1 for the year. There's no cash or added costs when you join our community of traders. 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Head over to TFNN.com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter, Market Insights firsthand. TFNN, educating investors. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com, then hit Watch Tiger TV. That's TFNN.com, then hit Watch Tiger TV. Welcome back, folks. We got markets open. You're looking at an S&P. Opens up by 14 points, but you see the acceleration there, right? Coming into the opening bell from about 8 a.m. this morning when we missed all-time highs in the futures by a quarter of a point, you trade down almost 20 points and that was a little bit of selling. In the final five minutes before the opening bell, you see the volume spike there, almost 23,000 contracts. We drive it down to 48.22 and we're positive by about 10 points in the S&Ps. NASDAQ 100, we're positive by 85 right now. That's about a half a percent in the positive. You get the Dow positive by 85 as well. That's about two-tenths percent. You see the give-back though, right? Pretty similar action. Dow giving back about 100 points in those gains. We get the S&Ps up only single digits right now and you get the Russell rolling over to negative territory. And yeah, get ready for some volatility, man. That's what I would say. I mean, no real reason that this market is accelerating higher to the degrees that it is, it's buying, okay? But look what happened. Look at NVIDIA. NVIDIA just dropped five bucks on the open, man, okay? I often talk to our man, Kevin Hinks. He's enjoying some well-deserved vacation this week. You can still check out Fast Market every day at 12 noon Eastern time from the Schwab network, folks, that we air right here on Tiger TV. But Kevin always makes the case. I talked to him Tuesday, Wednesday, Thursday at 9.15. We'll talk to him next Tuesday when he's back in the saddle. We really find out where supply equals demand when the market opens. So pay attention to that right now, man, because we are getting some selling and we got that selling an hour and a half coming into the opening bell. You had markets pretty exuberant for no exact reason as we got yields sitting at, what, 4.15%? We've had yields rise pretty dramatically and nonetheless, the market's shaking it off and traded higher over that time. But we'll see where we go from there. Yeah, and we got yields even shifting even higher. 4.17, let's see what we're doing here. Yeah, look at this, man. So what do we got? We got higher yield, we got dollar gaining some strength yet again. It'd be interesting to see what happens as we get up dollar. Chopped around yesterday, got to an area of about 103.60 on a few occasions before you backed off. We're trading right now at 103.46 up a bit since about 8 a.m. this morning. Yeah, and we got the tenure right now. Down six ticks, 111, and you're sitting at 4.17% as we come into the quiet period for the Fed. We jump over the gold contract. That action probably not helping gold. Yeah, gold pair some of those gains from 2040, you're back to 2032, but longer term picture, man. You got to keep your eyes on the longer term unless you're trading, you know, ultra short term, but you got to keep your eyes because it always is the wind at your back, man. No matter what timeframe you're trading in, right? If you're in an environment where longer term you have the trend on your side, it's gonna be helpful no matter what. And I think longer term right now, there is a big debate over whether we're going for three cuts or six cuts or somewhere in between this year, right? Well, folks, it's about to be February before we know it. And if the only debate is whether we're going for three or six, then the trend is probably gonna be to the point where we have yields decreasing and we have dollar weakness. Now, the one kicker in this is, okay, is that, man, we got a lot of risk in terms of red sea, right? And that is gonna impact a lot more, especially the red sea deal, a lot more than it's gonna impact us. That's gonna potentially weaken their economy. It's gonna potentially cause inflation in their economy. Now there's two sides of that. Yeah, I mean, look at the headline on Bloomberg today. Top of the page on Bloomberg. You got another missile fired at another US-owned ship and the red sea. Now, where is the good, I wanna read a good news story, man, on who are the private companies that are owned for profit that are sending their workers around this path when it's just non-stop, man. Ballistic missiles hitting the water near the ship. Better be getting some serious hazard pay, man, to put it lightly, right? They launched two anti-ship ballistic missiles at the Chemranger Creek Operated Tanker, US Central Command said in a statement posted on social media. It's an American-owned commercial vessel. The same day that Biden acknowledged USAO strikes have not halted. I don't know how. And then you look at the front page of Bloomberg, man. Right? Now, the kicker is how do you stop something where it could just take a few rebels and a few might not be a fair representation, but that's what I don't understand on how that ends easy or not because I don't see how that ends easily when it's not as simple as like a state-controlled action. It is to a certain degree, but you tend with rebels, man. Yeah, so nonetheless, we jump over to crude. You get a little bit of a pop on some of that, but crude. 75 has been the top of this market right now. We're inching back towards that price level. 74.50 was the high early this morning. You put this thing on the daily, and yeah, pay attention. 75, just above 75, maybe 76.18, the high we hit December 26th, that or thereabouts. You see, though, 75 was an area of support going back to November. It became an area of resistance in December, and you've just been chopping around between 70, 75 bucks. You're trading at 74.31 right now for the price of crude. Jump over to Bitcoin, giving up some of those gains. Bitcoin, 41,045, always interesting as you go into the weekend. Potential for some volatility on Bitcoin, longer term. Yeah, I think Bitcoin's in a good place, man, to go higher. I just do. You've gotten a lot of the bad actors out in terms of FTX, in terms of Binance, making that deal with the Justice Department. Seems like it's ripe for that next big acceleration, but shorter term, you gotta remember that you just traded from 15,000 up to 50,000 just over a year, folks. 15,000 up to 50,000 in over a year. You really have that acceleration take place from about middle of September, when you doubled in price. Can't blame anybody that caught that rally early. Even if you caught it, you know, the first like's October 16th, October 23rd. The market starts to rally in November. You still go from 35,000, right? Up to 49,000 when the ETF gets approved. Not surprising. Who's the impetus to buy right on the heels? And this is what you wanna ask yourself if you're in trades like this, folks, okay? And listen, it happens, because you could make the same case with NVIDIA, and boy, people have an impetus to buy, right? You could say, who has the impetus to buy NVIDIA at 500 when you just went from 100? Well, people do, okay? But you at least wanna ask yourself that question. They do because they see future growth. Who has the impetus to buy Bitcoin the moment after the ETF gets approved and it spikes to 50,000? Well, there are a lot of people making some big cases out there that once they bring in retail traders that you're gonna have to have that type of buying because the ETFs are gonna accelerate the need for the actual coins themselves. We'll see where that plays out right now because as of right now, you got negative prices since that got approved and you're off almost 20% from the highs of Bitcoin at 41,000 right now. If you're taking a longer term picture on Bitcoin, you're probably all right. Still well off where you hit 60,000, 70,000 almost a couple of years ago. You factor in inflation and you could be at 100,000 before you know it in Bitcoin. All right, let's jump around to some of the movers this morning. We got spirit catching a bit. They're up by about 23.6% for that number. We jump over to Ford. They're down about 810%. They're gonna be cutting some of the production of their F-150 electric vehicles for Ford. You jump over to Wayfair. Market loves that they are laying off some of their workforce, especially on the corporate. Side of things, Wayfair, up about 12% right now. We jump around to Boeing shares, Boeing, down about half a percent. Well off the lows of 197.80. Made on Wednesday, we jump over to Apple. Apple shares up by 210%, Microsoft shares up by 210, Amazon shares up by 210, Meta shares. There you go, Meta up by 1.3%, catching the AI. Stay tuned folks, we'll be right back. 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 Tigris' for just $1 for the year. There's no catch or at it 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 Tigris' 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. 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As you get markets giving up a lot of those pre-market gains from 48, 41 in the S&Ps. We've just been chopping around at about 48, 18 right now. You're positive by single digits. That Russell, be careful that Russell, man, the Russell. Off by 10 points right now. That's half a percent of the red when you got green across the board and the other markets right now, trading at 1926. And as I mentioned, right, you got the S&Ps. Right back where you were on December 28th, you now have the Russell off 170 points from where you were at that timeframe, man. Pretty interesting comparison when you look at it in that context. So jumping back to meta shares. News out last night, Zuckerberg putting it out in reels and the pop extending today. And yeah, you jump over to the headline. How about spending $9 billion on NVIDIA chips? Probably the reason why you got NVIDIA spiking as well, right? You jump over to NVIDIA before we get into this, man. Yeah, they catch that bit as well. They give it up a bit. You're still up by 1%. You jump over to AMD. They're up by 1.2% as well. What I don't understand is how a company is gonna compete in this new spectrum where to be competitive as a technology company, you're gonna need computing power that is very expensive. And so I don't know how that plays out in our future, man. But keep an open mind is what I would say, folks, because if it takes 350,000 H100 graphics cards by the end of this year to be competitive, and this is just on a longer term facing goal, okay? AI is gonna be their biggest investment in 2024. Zuckerberg said yesterday that by the end of this year, the company's computing infrastructure will include 350,000 H100 graphics cards. These are the cards that sell on eBay for 40,000 bucks a pop. Now, if you're getting them in gross, you're probably paying 25 to 30,000. You still do those numbers and you're talking about about $9 billion for those cards this year alone, right? They've got the money to do it though. And this is the company's future roadmap. For AI requires it to build massive compute infrastructure, okay? He didn't say how many they already have. That chip did not hit the market until late 2022 in limited supply and as they mentioned, about 25 to 30,000 is what they're going for and on eBay they can push 40,000, even at the low end, that's $9 billion. He says if you add the other computers and the GPUs in that system, it's gonna be equivalent to almost 600,000, okay? Now AMD's catching a bit of course because you have other companies purchasing their new chips. The Instinct MI 300X AI computer chips from AMD. And there it is, the long term vision for the company, okay? Open AI in Google's DeepMind unit are also researching AGI. A futuristic form of AI that's comparable to human level intelligence, right? Artificial general intelligence. How do you compete with something like that when you need that type of computing power? I don't know how it happens and that's gonna change the world, man. And you're gonna see a lot of difficult conversations over the next 10, 20 years as companies have the ability to plow billions of dollars into that computing power and it just becomes difficult, right? They're gonna be gatekeepers for that technology, for that computing power. And yeah, you see the videos of, not sure if you saw the video of the Tesla bot, right? Folding laundry out there. I'll see if I can find that video at the next break before we do the last segment coming up. You gotta test the robot that's folding laundry and it literally made me think, okay, hold on, this is what's going on. We're all gonna have like robot slaves in our homes, right? That are just doing whatever we want. Well, businesses are gonna have the same thing, okay? They're gonna have robot slaves that are employees. And how does that transition when one man, Mark Zuckerberg can spend $9 billion on computing power to build an army of bots, robots basically that act like humans that are employees like humans and then he doesn't have to pay anybody else for that. And that the barrier to entry for that level of investment, if you're first there, how do you catch up? So keep an open mind as we march forward, man, because things are going to have to change when you have the select few controlling these barriers to entry with this type of degree. You know, this is a guy who started one of the most innovative companies in the world out of his dorm room in college. Yes, there's gonna be opportunities and there always will be folks, okay? I'm not pessimistic to think that once that happens, you can't be an entrepreneur, a creator, an innovator, okay? But it's gonna be very difficult when you have these companies possessing AI and you're competing with that without that startup. Nonetheless, it said, but yeah, not surprising that they are on the AI train. And Zuckerberg probably has a pretty good feel of where the future is going, folks. AI, look at me, just typing in AI. Meta shares up by 1.4% and you jump over to NVIDIA shares up by 1.1%. We jump over to Google shares up by 1.3%. Microsoft up by a quarter, they popped higher as well to 398.46. They give up some of those gains, Apple shares up by 0.6%. Let's see where we are on the market cap quest for these companies. You got Apple sitting at 2.93 trillion. You jump over to Microsoft shares, 2.9, they're basically tied, exactly 2.9346. Let's see, 2.9346, 2.9324. So what do we got? Microsoft barely in the lead right now. Pretty remarkable, both those companies just under $3 trillion neck and neck are the biggest companies in the world. What do we got? Who's calling? Excuse me, turn that ringer off. Shame on me. Somebody from Newport, Richie. It's probably a sales call. All right, let's jump back to that gold contract, see what we got going on with commodities. Gold gives it up a bit and yeah, you gotta keep your eye on yields, man. There it is, it's dropping. We got the tenure up again. We're pushing 4.18, just like that. Pretty interesting as you come into the choir period. We've had a lot of Fed speak. We've had a lot of pushback on the expectations of the markets talking about six cuts. The one thing I will say is that the market gets ahead of itself, right? And you've probably seen quite a pairing. We are now back to where yields were on November 20th, okay? It's January 20th, that's two straight months. You got all the way down to the dust, excuse me. This is where the dollar is not yields, but they are correlated. A dollar got down to 100.66. We've risen three full points in the dollar. We're right at that 3.82. So look for a possible rollover, man. And if you're looking for it, keep your eye on that gold contract because maybe that's the poise to break higher for gold. We're trading at 2029 right now. If you haven't checked out my dad's gold report, folks, great time to do it. Let's get new issues out on Monday. Yeah, we got gold rocking. Dow, barely hanging on to gains by just five points right now. Let's see, JP Morgan up by 3.10%. They're given their CEO, Jamie Dimon, a raise for the share to the tune of about $35 million. Can you imagine if Jamie Dimon, now, check this out, you jump over, JP Morgan's worth $483 billion. I think Tesla's worth 650, something like that. Okay, they're comparably sized companies, 672, okay? You gotta talk about it in the same context. If Jamie Dimon, now it's a growth company, so it differs. Anyway, you get the point. We'll come back. We're not gonna talk Tesla, folks. We're gonna talk some other equities. Stay tuned, we'll be right back. The Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven in hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. 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. 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 in 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. The reality is that navigating financial markets can be risky. Markets can be chaotic and difficult to understand. Having the latest market advice can help you turn this chaos into a key for creating winning trades. At TFNN, we understand that it can be hard to find reliable market news. That's why each of our market experts offers their very own market newsletter. A must-have tool for every trader out there striving to find an edge in today's markets, TFNN Newsletters cover every aspect of the markets so you can analyze the market before you trade. 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. The market's in positive territory, except for that Russell. Watch out for that Russell. Negative by five on the Russell. S&Ps holding on to gains, a little bit of a pullback into the opening bell, but we bounce after that. We're positive by 11 points right now at 48.23, as we mentioned. AI in Vogue, yet again, when you got Meta out there, buying $9 billion worth of NVIDIA. $9 billion, I mean, it's remarkable when you look at even the projections of revenue for this company going back 12, 18 months. $9 billion, one customer. And yeah, nonetheless, you got NVIDIA up by 1.1% again. We take a look at Crude. Crude right now, sitting at 74.50. And you know, it's interesting. I got a call doing my dad show earlier in the week talking about the OIH. And you know, it is pretty interesting when you take a look at this OIH. Now, this is the services, okay, in the OIH. And for the OIH, let's see, where are we talking about here? We're talking about, yeah, this is the Van Neck Oil Services ETF. You're talking about Slumberger is about 20% of that. Halliburton's 10%, Baker Hughes is 10%, and you go down from there, okay. It's the services, but obviously related to Crude. And check out the channel line that we're in, man. And we got that call on Wednesday when we're sitting at about 282. And yeah, keep your eye on that one, man. You're looking at those services. I know it to our man, Bud Rawls. Doesn't get much cleaner and channel lines than that, man. And it is right off the 2020 lows, right? You get a little bit lower there in 2020. And really, I just extended that left. We cancel that left extension. You go back to that well-defined channel line on a monthly basis. You can put it on a weekly. It matches up pretty well. Couple outliers, but nonetheless. And what's so cool is, right? Check out where we just were, man. So that is what it looks like on a weekly. That's what it looks like on a monthly, okay? And look at what it looks like on like a 15 minute. Look at where we were, 282. You got to keep your eye on those channel lines, man. So if you're in this, maybe keep your eye on that, which is what we're talking about. Pretty cool how you get that sometimes. It worked out there, but we'll see. As it's quite a large channel to put it lightly and we're right near that bottom boundary line. All right, folks. Thanks so much for starting things off on your Friday. Stay tuned. We got a man, Basil Chapman. He's ready. He's in the Tiger stand. He's talking about options expiration Friday for an interesting session. I'm looking forward to Basil's program. And again, thanks for kicking off your Friday, folks. Have a great weekend. Have a safe weekend. We look forward to seeing you back here Monday morning at nine o'clock in the morning, folks. Have a great one. Stay tuned for Basil.