 We'll be right back to you. 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 welcome all to another exciting edition of the Power Trading Hour with me. Well, I did something wrong there. Another exciting day. What else do we have going on here and mess that up? So let's go ahead and get to that. Okay, so we're back up. I just had a few technical problems leading into the show. We're off 10 points in the S&P cash volume is fairly light. And I'm thinking that it's a lot of people just kind of scratching their heads today, but we're only doing about 3.5 billion shares. There's been no volume on the way up, no volume on the way down. Options continue to show pressure into Microsoft's earning tomorrow night. Why I will not be betting on a lower price, I say at least from the options point of view, they say that there's only a 10% chance that it close higher tomorrow than it does today. And on Friday, they about 80% think it's going to be down from a few bucks to 10 bucks. So there just isn't a whole lot going on here. We did have earnings out before the bell, but no big shakes, dollar up, dollar down. I think there was only one that actually had any kind of real action. And I think that was Comerica, CMA, take a quick look at that. Yeah, it was down 5% at one point, it's down 3.5%. But there just isn't any real juice to go higher or go lower. But I do think we're in that part of the summer where we could just see selling because there is nobody else to buy the top in this market. The option market makers did kind of significantly move up the bottom side of the projection. But it was so low that we would be surprised if they did not. But let's see what we got here. Oh, that's what I wanted to do. Today is Tuesday, most of the day, or yesterday, wouldn't it? See, there we go. I will pop this up. They were looking for the possibility of 100 points lower in the S&P cash and of course 10 points lower in the spies themselves. They moved down the upside to about what we're at now, which means that there's about a 10% chance that we close higher than 300 on the spies. They also have basically down to what I always call it $292.5 would be the way it would work out in the spies themselves. That's about where they think the low end is. So they think that on the worst case scenario right now, that if the market took a hit for Microsoft on Friday, Thursday after the Bell on earnings, I'm assuming it's Microsoft. Maybe there's something else out there I'm unaware of. But Microsoft's chart is probably besides Western Digital, which we talked about buying puts on it and covering them a little yesterday, saw a lot of action in them trying to fill those back up. Maybe they'll get an option or get the ability to hold that up a little bit more into expiration. Probably should have gone for the August in it too. It's the only position we had that actually expired this week. But the rest of the market, just very tough light volume, but it could continue for a while. Generally these kind of sell-offs in the summer that have no volume can go on for a little bit. But I just don't see a lot of people standing up and buying any of the earnings stocks in the last couple of days, any kind of extent. No real big surprises to the upside. No real big surprises to the downside. And generally that means that a market's pretty fair valued in the opinion of the composite trader. That was an idea of Wycoff and Jesse Livermore that there was kind of a the average Joe that owns shares. If you wanted to think of that guy, he called him the composite man. But the composite of the market, I guess the wisdom of the crowd is another way to say it. So you basically have $292.5 as the kind of bottom side of it. Anybody that's written or read my article from 2004 in stocks and commodities, the numbers have changed in some of the things that the way that they work. Back then it was like getting the race results for tomorrow's race today. They were so good for about two or three years. And in fact, Tom O'Brien talks about sending several of his kids to college on those because they were just so transparent back at the time. Much tougher now, but in three, four months a year they are a laser illuminating at least the bias into options expiration. What else do we have out here that we want to talk about today? I think we're just kind of now going to wait around for the earnings. Nothing really exciting, I think tonight, let's take a look here. I mean, we've got Netflix. That always kind of looked weak to me. We'll bring up the options on them and see if there's anything they tell us IBM. Is that right? Yeah, the 17th. But I don't know, Netflix always has looked to me like some of the company that's spending far too much money in foreign markets that return not that much. And they've lost their cache of great titles that are coming out. And they've been, I think this is the last season for stranger things. I don't think there's anything after this. And they really haven't had a big hit like that for two years. So there's somebody in the den that I talk to all the time. He loves looking at all these theater companies and companies and making movies. And just all my experience of being out in Hollywood for 10 years in special effects was this. They were always just one movie away from going bankrupt. And I never really liked being in it. The people they hired for the hire of the books were always crooks and frauds. They were always screwing everybody over. I wasn't surprised to find out that there was a television show called Bones On for a while that the two actors that led the show ended up with $170 million from Fox. And that's just one of the ones we know about. There's probably be 10 others from CBS, NBC, and ABC of similar ilk. I remember even back in the 70s that the Rockford files went off the air because they cheated him out of a whole bunch of money. And it took him almost 15 years. And he ended up, I think, with $15 million. Jim Rockford. I always liked him. Jim Rockford, leave your message at the town. I'm wandering around out here, waiting for the break. We'll talk about history. We'll get into some charts. And I won't have a good day, but I don't, I think you can be happy. I don't think you can be long. Be back in a minute. If you're not currently using the Taz Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. 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TFNN.com Educating Investors. Call now toll-free at 1-877-927-6648 internationally at 727-873-7618. Hey, we're back. I blew this chart up. You can always email me at path at TFNN.com and you can ask any questions you want. As you said, we'll look through this, but options give us one of the few views that can't really be disguised any extent. If you're trying to hide stuff, you can use options on one side and futures on the other to have kind of a synthetic position. But of course, you're taking a lot more risk on the futures than you are on the options, but you could sell both. There's a hundred different ways to skin a cat with options. I like to keep it simple and I rarely bet on spreads because generally the big on both sides of them eat you up and you never really make that much money. Everybody I always talk to that always says, you know, I sell these. This never seems to make much money at the end of the year. Now, maybe it's different. Maybe there's somebody else. I just don't run into many people. I like to use options to reduce risk, not put more on. And generally that's what a lot of the condors and everything else actually do. They limit your upside significantly. And so I tend to buy options in the last week of expiration when they're fairly cheap and look like we said yesterday, we had the 55 puts in WDC. I think maybe on the radio yesterday, I may have said Qualcomm. But I had Qualcomm on the mind for some reason yesterday and been under the weather a little bit the last couple of days. So don't drive angry. That's what Groundhog Day taught us. But like I said, you're basically down here pretty close to 292, which is at the point where they don't think it's really going that, but it's going to go any lower than that. But their risk all the way from about, well, from right out, what's called about 20 points lower on the cash, maybe two or three points lower, is what they're thinking that the 50% of the time, it would close at let's call it 296, 297 in the spy. So a little lower out here, when we get into options for August, continue selling is what they suspect that we're going to have, but we'll see. Anyway, we're going to talk about Microsoft real quick. So take a quick look at that and get it over here. And then we'll get into some futures as I ramble and digress again today. And Microsoft, as I said, I mean, if you look at 137 or something that it closed at yesterday when the options closed, they really think that it is closing lower tomorrow. The probably the worst of the close would be something around 128. Now, again, maybe they've got inside information. Maybe they don't. But the market does think that this will be a bridge too far for Microsoft. And so I will be sitting on my hands in short positions. What else is going on out here? Well, we've got a little bit of history and then we'll move on. And what's going on out here on history? Oh, this day in 1955, Disneyland, Walt Disney's metropolis of nostalgia, fantasy and futurism opens today. The 17 million theme park was built on 160 acres of former orange groves in Anaheim, California and soon brought in staggering profits today. Disneyland hosts more than 14 million visitors a year who spend close to three billion dollars. And of course, Disneyland won't be the same. Of course, the Me Too folks got the drunken sailor chasing the bar waitress around. I don't think you can use the actual term anymore again. Or I'd be inundated by Me Too's. But I don't think I could go back to it after that. That was, I think that may be the most iconic thing that I remember about going to Disneyland. Of course, I went to it in I think February or January. It had to be right at the beginning of the year because I'd lived my entire life in Hawaii, Tel Aviv, and then we came back on a steam ship. And the first thing we did is got off. First time I'd ever remember setting foot on the lower 48 that lived all my life on Hawaii. But pretty interesting to see, you know, something that, you know, we lived on an island that didn't have much. See something like Disneyland was rather amazing for a 10-year-old boy. But I do digress. We'll move on here. Start looking at some charts. Question of the day. I did you believe in the foreshadowing? Yeah, we did last week. Actually, we did buy the puts, I think, on Friday. It was a Thursday or Friday. The 55 puts. Anyway, we covered those yesterday. Could have still covered them today. But I think it's going to probably close at 5250. That's on WDC. What else do we have? Oh, we've got to bring up the charts. Let's take a quick look at Microsoft because that is it. We'll look at Netflix. Again, Microsoft closing under the 3x3 yesterday, which not good, going into earnings. Today, still holding below that. A lot of people not wanting to get all froggy in front of earnings. But anywhere from a couple bucks to maybe 10 bucks lower, 128, that gap does look like what the option market makers think that the low will be tomorrow. Armin on Friday when they come back. After the bell tonight, of course, we've got Netflix. I was kind of opining on that in a kind of extreme of consciousness rant that these guys are paying far too much for content in third world countries that probably will not bring this back. Now that it's great to be a multinational company. Question is whether or not throwing $30 million at a movie for a country that's one tenth the size or maybe one fifth the size of the United States makes the same economic sense. But they make some fairly good movies, but they've changed their modus operandi, which I think opens them up to a lot of competition. And that is that you're spending far more money right now on stand-up specials than actual new products that are going to move along. Same thing with HBO. What do they do now with now that Game of Thrones is over? Is there anything that really takes over? And that's why these movie production houses and theaters have such feast and famine. They continue to do the same thing over and over again until no one wants to see it anymore and then surprise. It's a wasteland desert, an empty house at the theater. But you certainly have weakness already in Netflix coming around. I don't know if this is enough off the top already, but I wouldn't be suspecting that this thing really has a lot of upside. I think a lot of people are just hoping it doesn't have a lot of downside. We'll be back in just a minute. Afternoon updates when warranted. Don't miss out on this great chance to get a 30-day free trial to David's daily newsletter, The Path of Leaser Resistance, with no obligation to pay anything. 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Well, go get them, folks. TFNN is excited about our new software charting program, The Art of Timing the Trade Charts. 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. And right now, we're offering licenses available at only $79 a month. We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. We're going to talk a little bit more about earnings because that's really what's going to short-term drive the market. And so the other one out after the bell tonight, that we'll probably draw a little bit of attention is IBM. This one looks like one of the weakest in the markets. I would not be surprised for them to drop the Chalupa out here after the bell tonight. This one's probably a little easier to see. Of course, they've completed the Red Hat acquisition a few weeks ago. And that may temporarily make the books look better. I don't think that the company's any healthier whatsoever. Energy has been fairly good off the 105.940 on December 26th of last year, up to the 145.39 high of April 16th. Pulled back on fairly light energy, but you went up on even lighter energy back up to this high. And I just don't think there may be enough shorts to temporarily run this higher. And then you had 15, 16% yesterday, day before. And it's kind of in that range, 17%. Back on the 9th of this month, you had 30% of the shares shorted. That was kind of the big deal. And that was down at 140.47. So that lets you know kind of where the, how many shorts are on the wrong side of that. On the monthly, you really don't have that many short positions on the longer term with the short interest being, what is that? Looks like 15, a little 15 million shares. So that's not drawing much if those numbers are actually correct. Seems awful low on IBM, but maybe that's it. Certainly the huge shorting that we saw last week on that the 9th of July hasn't paid off quite yet, but that's where break even is for those folks that decided to dive on the grenade before earnings. I'm not a big fan of that. I'd much rather see action come a different way. See what else do we have out here that I wanted to talk about today? eBay been kind of quiet. I thought maybe they may have some weakness in last earnings, but no, they actually did fairly well. This thing, they ran the shorts earlier today, which is always a kind of dark cloud over earnings when you think that they're out after the bell tonight. Got to $41.44 as they ran the shorts as fast as they could. And then tucked and covered little 50s Cold War lingo there for you, if you live in Lutes, Florida. Down on heavy, I wouldn't say heavy volume, but as good as yesterday, but kind of very interesting to see the wild swings out here pre earnings. Another company that is kind of a canary in the coal mine. I don't really trade it, but I do find it interesting. This thing looks like it's going to close below the three by three displaced moving average today going into earnings. But this United Rentals rents a lot of a building equipment. And this is going to tell us exactly, or they're going to tell us exactly, how many people are really building things and what their future looks like over the next three months as people look for more stuff. Used to be a kind of a big stock for earnings, not so much anymore. Alcoa also after the bell, but I don't see anything in it. Let's see what else we have. And that's it for today. Now as we said, tomorrow after the bell, we've got Microsoft tomorrow morning, we go into United Healthcare to an H. Take a quick look at that. This one actually a little stronger than the best volume a little bit better. Coming back off this gap up on the 11th of July, that gap had about 10.3 million shares. You're back in. Volume's been kind of like last three or four days waiting for earnings. The downside is that 272, 275 is probably heavy resistance. Support comes in at about 250. So I can't see a lot of reasons to either be long, if you don't have that much on the upside. And it doesn't look that bearish, but you do have in the chart a lot of downside. We also have Morgan Stanley, Dean Witter. What else were they? I'm sure their name is incredibly long by now. It closed below the three by three going into earnings tomorrow morning. A lot of volume so far, but it does look like if it closes here, it will be a fairly bearish tone going into earnings in the morning. $40.43 is the last major low. On June 3rd, I think if they disappoint, that's where you should look for huge resistance in this gap down. Going back to the 13th of May, that had about 16.5 million shares. So trading around 44 bucks, if they did real well, maybe 46 bucks on the upside, but $40 on the downside. So I can't say that you'd want to short that stock, but I tell you what, there's just not much gravy left in that trade either up or down. Of course, the Microsoft of Europe, also tomorrow morning. That is SAP. It's closed below the three by three back on the ninth, and it's been trending lower back into this. Support comes in at 130 resistance at basically 140. Again, risk reward pretty horrible because you don't have that much on the upside, and you got a lot on the downside. Not a lot of reason to pull the trigger of pre-earnings on those. What else do we have? And Philip Morris, a bunch of these. I don't think there's much going on there. In the SMHs, you will have some action tomorrow morning on Taiwan semi-conductors. This thing, of course, is an ADR, and that's why you get all the kind of gappy behavior that's really in this. But in Taiwan semi-conductor, you're right up against resistance at $42 to $43. It best may get to $44. A big gap on the downside back down to $40. Again, this thing doesn't have wide ranges, but does have problems. AMD has looked particularly vulnerable to me. It's into a 304 million share high at September 13th at $34.14. Got into it a couple of days ago with basically 67 million shares. So what is that? About 28% of the volume of that September 13th, 2018 high. Again, I'm wondering what they're going to say. They're getting into a price war with Intel and Nvidia both. And generally, while you can get more market share, I don't understand price wars in the context of stock price. It may make sense for the company strategically, but generally investors shy away from these companies when it's shown that margins start dipping. And I think that's kind of what we're looking at. And maybe this is about as good as an advanced micro does. I mean, it was two bucks just a few years ago. We'll be back. The best rate for a four-year CD in the country as of February 20th is 3.1%. A $50,000 investment at a normal four-year CD rate of 3.1% would give you income of $1,550 per year or $6,200 over the four-year period. That same $50,000 investment in the Tiger First mortgage program would give you $3,500 per year or $14,000 over the four years. What should you prefer? $6,200 or $14,000 of interest on your investment. If you'd like more information about the Tiger First mortgage program, you can call me at 877-518 9190. That's 877-518-9190. Are China A shares hot or not? If you trade China A shares, now may be time to take a closer look. Trade CHAU or CHAD. Directions daily, CSI 300, China A share, bull and bear ETFs. China A shares in either direction. Visit directioninvestments.com today. An investor should consider the investment objectives, risks, charges, and expenses of the direction shares carefully before investing. The prospectus and summary prospectus contain this and other information about direction shares. To obtain a prospectus or summary prospectus, please contact direction shares at 866-476-7523. The prospectus or summary prospectus should be read carefully before investing. An investment in the funds is subject to risk including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. Go to tfnn.com and hit Watch Tiger TV. That's tfnn.com and hit Watch Tiger TV for the latest market information. What else do we have going on out here? Again, we had a lot of these stocks as soon as they break right now. This is a sign of a brittle market Kansas City Southern, just a big drop. I think they have earnings on Friday. Also, Friday morning, we have American Express. Again, a lot of these are just running out of steam. Sitting on the 3x3, but not closing below it today is American Express. So you've got to watch that one through tomorrow. Also, on Friday, we got a little bit of oil and crude with SLB, which is Slumberger. It cracked below yesterday, closed below, and now you have the continuation again on the downside. Not a lot of volume so far, but again, I'm not expecting the end of the world in a pullback. I just think that we pull back maybe through the end of the summer, and that sets up the ability to have a fall rally. But we got up to these highs, didn't have the juice to break it, so you're going to get a pullback. I understand the belief to always say that the sky is falling. It'd be a perm of bear, but it just seems the government is always there to put another finger in the dike when it starts to leak, but they let it leak a little bit. They let people get a little scared, and then they come back to form up. But I think that maybe is what we're looking for is the last big hurrah before the election season starts, but maybe that gets done through the summer, and then we get set up for the next big rally. In the meantime, I think we could see a long and protected sell-off until we find some kind of event that actually puts in a decent low that makes everybody think that it's time to buy again. Again, too many of these stocks, we've been talking about it for a while, that are just setting up. As soon as they close now below the three by three, the next day they have a big drop price-wise, and that's not a good sign for the general market itself. Also on Friday, we have Cleveland Cliffs, and it's just hanging around $11 mark. I don't see, are you just holding up there? Of course, there's no real way to see, there's nothing I see in that for earnings. Vale looks kind of the exact same, except far lighter volume back at this $13.98 high on March 13th. You got into that yesterday. Hasn't closed below anything, but of course, all the last time we checked on Vale, all these executives were all looking at jail time from that dam break, and I don't know if much has changed, and I haven't spent a lot of time. Doesn't look like it's going to nothing, but it does look like it's up on nothing, so I don't see anything that really suggests that this thing's going much further. When we get into next week, Colberton again on the oil front next Monday, and that's about it. We've got some shipping stocks that are basically penny stocks that morning. After the bell on Monday, we've got Whirlpool and Logitech, but again, those, Whirlpool probably have a better opportunity to tell us about the Dow and those kind of stocks, but I don't think there's a lot going on in that. Tuesday next week, we get into Coca-Cola before the bell on Tuesday, Lockheed Martin, Biogen, United Technologies, Harley Davidson, JetBlue, Kimberly, Clark, Hasbro, Sherwin, William Stanley, Black and Decker, ATI, Polaris Industries, so it's going to be hot and heavy for a while. Our old buddy we haven't looked at for a while and Snap is after the bell next Tuesday, and that one actually closed below the three by three yesterday and continued on with a little bit of weakness today, not a whole lot. I would suspect at best you could hope for support somewhere around 14 bucks. Also, after the bell on that day, on next Tuesday, we've got Visa. Come on, Mr. Visa. There we go. And just light volume, but it did close below the three by three. That's starting to tell you that there is some downside weakness in the market. Also, next Tuesday after the bell, we've got Chipotle. And again, huge short interest in this, my guess is that this stock will isn't any better than it was a year ago. And you're always one day away from Montezuma's revenge and the end of the company, if it happens again. But I don't know. It seems like they've done a little bit better, but I don't hear a lot about it, although the price is way back after that huge move back in February, where it looked like the company was being turned around. And you've got a pretty nice move up here. You just haven't had any volume, really since back in the beginning of June. So it's kind of kind of up there. I don't know if this thing's going to surprise this quarter, but my guess is in the next, at least by the next quarter, the reality is probably going to be closer to somewhere between the price today and about $550 that big gap down below, which I think eventually is going to get filled. Restaurant stocks, especially that one, I've just driven by them and they're not busy like they used to be. Now, maybe that's just an issue down here in Tampa, but I'll watch closely or more closely then. You can give me call at 877-927-6648. You can email me at path at tfnn.com. And of course, you can always drop a message in the den. What else do we have? We have iRobot. Man, that thing on earnings is a little rocket. Let's take a quick look at that one. Of course, it went up to the moon and then fell apart on the next earnings call. You don't, this one's becoming the intuitive surgical after hours of massive moves. It looks maybe a little bit, maybe Volatile's starting to come out of it in this $90 price range. Again, they make a lot of robots. They're not just that Roomba thing. They make a lot of industrial robots and been doing fairly well. Also that same day, we've got Texas Instruments, TXN. This is always kind of a slow time for consumer electronics. And of course, they sell the glue for a lot of products that are kind of lower dollar, lower margin products, which they have a lot of. I'm going to see close to a close below the three by three today. And if you get that, then you want to start looking on whether or not the SMHs can hold up either. To me, all of these look rather weak. The SMHs, of course, testing the previous high on July 1st that at nine million shares with this 3.7 million shares on the 15th, this goes back to the gap down at about seven million shares. So it does look like you're pretty much the risk reward. Probably pretty tough on SMHs right now. And everything will look at MU when we come back, but all of them look like they're pretty much massively over the top. We'll be back. I'm certain you are or strive to be one of the best of the best at everything you do in life. It's the most common trait that we Tigers and Tigers share. If you're looking to become the best of the best when it comes to managing your money, let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastering Probability. And for the last 12 months, Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, six, and three 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 TFNN.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. 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 TFNN.com to 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 TFNN.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 TFNN.com. We were talking about the SMH's here at the end. We're off 11 and a half points on the S&P cash dows down 63 NASDAQ, which spent a lot of the earlier morning, I'm going to call it close to flat, down 13, 13 and a half points. Russell, then we weakest of the bunch down another seven and a half today. As we spoke earlier, volume is fairly light, just about four billion shares now, but I expect all that volume to come in one way or the other before Friday. Dollar index is down about 17 cents, 96.86. Got a question in the email about that. It just looks to me like the government's in the Treasury and the rest of them, all working pretty hard to keep that dollar around that 96 to 98 area, but this seems too stuck in there to think that that's market forces. Certainly looks like that going on. Anyway, as we said, a couple earnings after the bell tonight, I hang on with Tom O'Brien to go through that. For Netflix, IBM, eBay, United Reynolds, Alcoa, handful of others, and then of course tomorrow morning, a little bit more. So we're going to see some action, how much kind of tough to tell. Options continue to say that we're going to close lower by Friday. How much is probably going to be dependent on how bad or good the earnings are. But the last day of earnings have been incredibly muted, which tells me that the earnings are good, but probably not as good as the whisper numbers tell us. I suspect that Microsoft's whisper numbers cannot get hit. So I don't know if it goes down a buck or two or five bucks or 10 bucks, but I think it does close lower on Friday. So that kind of wraps up my market call for the time. As we said, hang on with Tom O'Brien in the next couple hours. At the four o'clock hour, we'll see a few more of those earnings come out. And that'll be about it. Anyway, light volume, but the markets do pull back on light volume too, and what I'm thinking. So it can, not when you have to. Here, tomorrow. Same fat channel, same fat.