 The following is a presentation of TFNN. The morning market kickoff with your host, Tommy O'Brien. Good morning, everybody. I'm Tommy O'Brien, coming to you live from TFNN Tuesday morning, just after 9 a.m. Eastern time. We got about 24 minutes to go until the start of trading and a little bit of a reprieve right now to the upside. Haven't had many of these folks, especially since we got that CPI print a couple weeks ago right now. You have the S&Ps up 39 points right now, trading at 37.09, Nasdaq 100. You're up 1.4% right now, but boy, you put this thing on a chart, right? You talk about a wave up, a wave down since June 16th, about three and a half months, all the indices, right? Trading up dramatically to the August 16th highs. We pull back, you get the CPI print. Now, two weeks ago today, folks, okay? Two weeks ago, Tuesday, you had the Nasdaq 100 at 13,000, basically a straight trip down to 11,250. You're catching a 1.4% pop today. We'll see if that holds throughout the day, as our man, Basil Chapman, says. The day is young. Couldn't be younger, man. We haven't even opened the trading yet officially, which happens in 23 minutes from right now. Dow up about 8.10% Russell up 1.2%. As I mentioned in the 9 o'clock newscast, you really got cryptos rocking, man, with Bitcoin up 1,000 bucks almost. You got Ethereum up about 4.4%, approaching 1,400. Commodities, gold catches a little bit of a bid. Up to 1,650 after being down to 1,627. And then we have, where's Crude? There it is. Crude, quite the sell-off yesterday, man, down to 76.25 overnight. We're trading right now back above 78 at 7802. And I talked about notes and bonds, man. The movement, it just doesn't stop right now. We got the 10-year, 3.86%, right? Now, you're off of where we were towards the close of action yesterday, as we were approaching 3.9%. Dad finished up his program, said 3.89, something like that, right near the 3.9% number. You catch a little bit of a bid. I say a little bit of a bid, man. You just popped a full point from where you were at 4.30 yesterday to where we were. And I'm talking about where we were just at 70.45 this morning. Since then, though, we've sold off a bid still. 3.866% right now. Yields across the board. I'm going to pull them up right now. Why not? We'll take a look at those yields. And you talk about some high yields, folks. I talked about it yesterday. You got cash hanging, hanging around. I would make sure you're putting it to use because you're talking about on a three-month basis, you're getting a 3.3% basically. On a six-month basis, you're getting 4%, man. And on a yearly, you're up 4.11. On the two-year, you're at 4.25%, 10-year, 3.86%, and the 30 of 3.73% up and down the line. All right, yeah, let's jump to home prices because this one's just out. Yield in July at the fastest rate in the history of the S&P Case Shiller Index. The 10-city comp was up 14.9% year-over-year and down 17.4% in June. 20-city comp gained 16.1% down, 18.7% from the previous month. Tampa, Miami, Dallas, highest annual gains among the 20 cities, 31.8% in Tampa. Video game-style numbers, man. Miami was 31.7% and Dallas at 24.7 percentage points. Doesn't mean they can't cool. Doesn't mean they can't pull back a bit, man. When you've got a 31% rise, folks, in the housing price and then you've got an unemployment through the roof, I mean, imagine it, right? That's about 33%. So that means if you have a $300,000 house in Tampa, it's worth $400,000 today. And if you were paying a loan of 3.5% on $300,000, you're going to be paying a loan of 7.5% on $400,000. You can see how that's going to weigh dramatically. Don't even have to pull up the payments. They are a huge difference in a big way. But there's going to be divergences in different cities, folks, but it's going to matter where these mortgage rates are because I don't think a lot of people thought that by September we would be pushing mortgage rates at greater than 7.5%. Not sure how that translates at all into that housing market and rents, of course, a big factor and the other factor that goes in that, right? Very difficult to buy a house right now. A lot of people don't want to sell because they're locked into mortgage rates that they're not going to be able to get back anytime soon. They will be able to get them back, but anytime soon is debatable. But if the Fed really is tanking the economy, as many people suspect, well, they'll have to come in and lower rates again, which is why you have the short end spiking so dramatically right now, but you go out a little bit longer, there's a little bit of fear that the economy may have some problems that will cause the Fed to have to decrease those rates yet again. But homeowners aren't going to want to sell, man. Okay, you're not going to want to sell when you have that interest rate locked in because on a monthly basis, you're not going to get anything close to that right now. So why are you selling? You're going to sell your home that you're locked in on X dollars. Now, if you think there's a huge pullback coming into the tune of 20, 30%, yeah, you can make up on it on the equity, but still doing the simple math. Okay, you're giving up a mortgage that you cannot get back. So people aren't going to want to sell it, so that's going to prevent supply coming on the market. It's already a tight market, and then you have the affordability of homeowners, now investors that don't have to go to market for a mortgage that might matter, but everybody folks might like to say, you're only worth what your signature is. Okay, even big businesses, real estate businesses especially, they love debt, okay? That number all matters. Even if you're coming in and buying it for cash, you're not usually holding it in cash in perpetuity, right? You're buying it in cash, maybe you're securitizing that asset at some point, however it is, okay? You're going to private funding, whatever it is, they're seeking higher interest rates across the board. It's all going to matter. You're seeing it on that month to month number. On a yearly basis though, pretty remarkable, the way the numbers are still coming in, and Tampa, 31.8% as we got a hurricane, rolling into town, man. We'll jump to that one, why not? Let's jump to our hurricane, because you can't deny even more, yeah, even Bloomberg's got it up there now. There's a beautiful shot of Tampa Bay, and I tell you, man, the skyline in Tampa Bay, I wonder when this picture was taken. Okay, that's September 25th, so it's pretty recent. It is just rocking, man, between the development with Vinic and Bill Gates pumping billions of dollars into the skyline in Tampa, man, we got new buildings for apartments, for retail, for everything going up in Tampa, and we got a storm rolling in and out, man. That's the beautiful Tampa Bay up here. If you can see my screen on the top left, I got a duplex in Tampa, a little bit further down south, and I'm even going to pull up some of those evacuation zones to let people know, because I know we've got people in the Tampa area, along with all over the country and the globe, and thanks for listening. But we do have a lot of Florida listeners as well as being here for the years. And yeah, take this one seriously, folks, because it seems like it's coming. I'm a little inland right now in Bartow and Lakeland, so I'm not in one of the evacuation zones, but I believe, at least in Hillsborough, evacuation zone A is mandatory evacuation. Evacuation zone B is recommended, and it's a serious deal, because the storm showers we could get in Tampa, especially if you're anywhere near the water. Hopefully it just meanders a bit, maybe it weakens a bit, but right now things looking pretty on them. So we're going to be live on the air today, we'll see how the day goes, right? And tomorrow we're probably not going to be on the air tomorrow, because it's going to be quite a scene in St. Petersburg, Florida. I mean, we're only like a couple streets from the water, folks. We're in an apartment building, and so we are not on the ground floor, but we're only a couple streets from the water, our office in downtown St. Pete, let alone what's going to happen in Tampa, et cetera. But financial services hub empties ahead of Hurricane Ian. So what's going on is already in Tampa, folks. All the schools are closed today. They're closed tomorrow, because a lot of the schools are shelters. A lot of the schools need to take some time and get set up, so even if the storm isn't as bad as some fear, maybe if the weather isn't here today, people are saying, why are the schools closed? They're going to get those shelters ready to make sure they're ready when people show up basically tonight to endure that storm tomorrow. Stay tuned, folks. We're going to have Kevin Hakes coming back from TD Ameritrade Network. We'll be right back in three minutes. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study, resulting in a 7 million-ounce gold reserve. Vista Gold has all major permits approved and has retained CIBC Capital Market Assistance in evaluating alternatives and in completing an accretive transaction. Vista Gold trades on the NYSE American and TSX under the ticker symbol VGC. Vista Gold executing a strategy to create shareholder value. 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Sign up today and become a part of this educational community of traders. Just visit the front page of tfnn.com. Welcome back. We've got the S&Ps, folks, up by 45 points right now. And let me make sure. Do we have our man, Kevin, on the line from our producer? I think we may. We'll see. I'm waiting for him to let me know. But we've got the S&Ps up 45. We've got the Nasdaq 100 up 170, folks. Markets catching a bid to say the least. And we sure do. We've got our man, Kevin Hinks, on the line. Let's jump over, folks. You can check out Kevin every trading day right here on TigerTV. Fast Market on the TD Ameritrade Network at 12 noon Eastern Time. Kevin Hinks, Tom White, the team at TD Ameritrade Network. They break down the day's market action, walk you through some hypothetical trade setups as we come into earning season kick and things off in a couple of weeks. But, boy, we got some action today to the upside. Kevin Hinks, good morning. Good morning, Tommy. This is an interesting morning we're having here. Charles Evans speaking very early this morning, about probably before six, just after 6 a.m. Eastern Time, talked about he's cautiously optimistic, Tommy, that the U.S. can avoid a recession. And he thinks by next March, which is six months out, that all the hard work will be done. Without, of course, he did mention that without another shock to the U.S. economy, of course. So I think the market has taken a lot of comfort in that right now, Tommy, that since stocks look about six months out, if in six months we're going to be through the lion's share of this, that's a pretty positive take by Charles Evans this morning. So the market really feeding up that. Now, Tommy, the market was oversold to start with, right? The dollars overbought, yields are overbought, bonds and notes are all oversold, and so, and three of the four indices were officially in oversold territory. So a snapback here is not a real shock. You were just looking for the news to make it happen. And Charles Evans gave it to us. How long does this last? I have no idea, Tommy. Quite a little reprieve this morning. I got to chart up on the thinkorswim platform, even the SMP futures. It's been almost a one-way trip since August 16th. We got an acceleration into that CPI two weeks ago. Not sure where those 200 to 250 SMP points came from, from 3,900 to about 4,150 when we came into that number, but boy, since then it's been a straight drop until last night's close almost. We got a reprieve this morning, and you talked about, so it's interesting, Kevin, right? Even from the last Fed meeting. So they're probably going to go up by a point and a quarter by year end, right? So they got to go 75, and then they got to go 50 maybe, and then maybe they'll go 25 in the last year. I said to myself, okay, hold on. Well, even though that sounds like a lot, we just got 75, 75, 75, so now we're saying, hey, guess what? Right now, if the data goes the way it is, you're going to get basically a taper down from 75, 50, a quarter, and then maybe you pause from there. The data has to line up, of course, for that to be the case, but in my head, I started saying, okay, we're in some dicey territory here in terms of the market already pricing a lot, negative action, and if that is what they take, well boy, it's already almost October, and if we're going to get a point and a quarter by year end, and then maybe we get another quarter point or something, we're almost there, as in kind of what you're saying, which is what Evans was saying, as in maybe we're reaching, I mean, they can't raise 75 forever, can they? We're forward in that progress, and maybe that's some of the speak that's going to start to come out. We got some action in cryptos this morning, we got up $1,000, but what's your take on notes and bonds on that similar category? Is that just the same reaction to everything? Because we got quite a spike overnight. You had the 10-year trading from 111 up to 112, and then just like that, we've given up almost half of that gain just that quickly. Since about 8 a.m., Kevin, it's trading from 112 to 111, 15. I'm a little bewildered from that pullback. What's your take on the note and bonds? I think there's some stubbornness there for sure, Tommy. I think watching how this plays out throughout the day, but you're right, yields were lower, and the U.S. dollar was significantly more lower than it is now. They've all come back closer to unchanged and yields are now up, Tommy. We're going to watch those during the day. Those will press stocks, although now the 10-year is teetering back around up and down for the day. Now I've got it down, trading right about 3.87%. So yeah, that dollar yield looking at those as your triggers for the market and what it's doing today is going to be critical. Crude oil is up $1.30. That's interesting, but not going to catch anyone's attention. It's still Tommy. It's still the U.S. dollar, and it's stinginess. Not only it's moved to this level, but it's stinginess up here to come off that level, Tommy. And unless we get some news from a little more dollars from the U.S. or a little more hawkish from foreign government, that dollar is going to remain strong. So yeah, there's a lot of balls in the air that have to play out, Tommy. It's going to get interesting. It's going to be a bumpy fall for these markets. In that case I presented, man, maybe we're nearing the finish line. Part of that was time flies. So we're coming into the final quarter of the year. It's going to be October in no time, and we know folks, three months flies like nothing, but boy, that might be a very volatile three months, man, as we get the data points. Now, Kevin, we're coming into October. Earning season kicks off probably the second week, something like that of October 14. They start coming in maybe with the banks. But in terms of inflation data that's really going to drive the Fed and everything going on, is the market just going to wait for the non-farm payrolls that are going to come in? The CPI that's going to come in? Are those going to be monumental events as they have been? What do you look for on those? Well, I think anything connected to inflation will get incoming outlays on Friday. And the PCE data within that incoming outlays data. I think that'll be crucial for what we're looking at on Friday because any look, any news on inflation, I think this market not only will react, it'll overreact to Tommy. If you look at some of the consensus for the numbers that we have coming out on Friday, they're interesting, right? We're going to let that play out over the next couple of days, but yeah, incoming outlays will be vital. And then a week from now, some of the PCE data, you know, it's barely coming down the core. Again, in the PCE, the consensus for the core PCE year over year is up from last month. See, that's not given anybody any relief. I mean, the year over year PCE is down slightly. So it looks like some of the consensus for this month's personal incoming outlays is firm to slightly higher, Tommy. Yeah, I can't wait to see what happens with some of these numbers. Really, like you mentioned, over the next three months, because the Fed has hiked so much, you could make the argument, you got to give the economy a little bit of time to react to the moves they're making. But boy, time is flying and it's had some time, you know, and that's going to be the argument on the other side. If we persist here coming into year end, what do we do if the numbers just kind of aren't lining up? And we get to find out, folks, but it's going to be an eventful one. We're bearing down on Tampa, man. Hopefully everyone's good and it's years left and weekends. We're going to be live today. But, folks, we might be off the air tomorrow. So you know what you should do? Kevin Hinks, they're going to be on the air. You can check out, even if it's not on Tiger TV, because we'll see how our offices are. We might have to shut it down. But, folks, you can always check out the TD Ameritrade Network right in the Think or Swim platform, or you can just pull it up at tdmeritradenetwork.com and check that out all day. Great programming, man. Kevin Hinks at 12 noon eastern time. And with that in mind, Kevin, what are you talking about coming up today? We'll look at three names. Remember, we're at the end of the early season. So we'll look at Disney. We'll look at Domino's Pizza and we'll look at Exxon Mobil. So everyone's good. Kevin, I appreciate it, man. I may not talk to you tomorrow, but have a great one. Have a safe one, man. Bye-bye, Tommy. Thanks so much. Bye. We have purchasing powers eroded. There's no better place to protect your harder than in gold. 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Watch online at tfnn.com or on tfnn's YouTube channel and become the investor you were born to be, tfnn Educating Investors 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 Welcome back folks, we give you the SMPs right now. Positive by 38 points we back off a bit from where we were higher at about 3.45 a.m. this morning maybe 4 a.m. we'll call it also up at that level just prior to coming on the air at about 8.45 a.m. this morning market's given up about 20 points just like that we'll see if it holds. NASDAQ 100 points up by 1.3% Dow gives it up a little bit as well though these markets I mean you're talking about almost 200 points from where we were at folks at 8.45 this morning. Okay so be careful market just gave up 200 points in the Dow from where we were at and the SMP just gave up 20 points from where we were at you're talking about 45 minutes coming into the opening bell as we get a little bit of acceleration lower. Crude backing off to about 77.82 right now and you jump to gold up $9 at 16.42 we jump over to the dollar index right now DXY pushing 114.1390 we check out the euro U.S. dollar right now 96.20 we jump to the dollar yen look at that so much for the intervention over in Japan that thing drove from 145.89 down to 140.34 and just like that you're up to 144.64 so much for the intervention man you put that thing on a daily basis just chopping around at highs and we'll see maybe that's building a base maybe that's an area of resistance that's gonna be tough to get above 145 there's your bar when they intervened and you just made it all up just like that right back to that level at 145 and the dollar yen all right jumping around to some of the maps folks to give you a little bit of a glimpse of what's going on in Tampa in Florida so obviously this storm it's a big one the way it's rolling into the west coast of Tampa doesn't the west coast of Florida does not happen often a quick glimpse here okay of what you're dealing with in terms of let me make sure I get this map up correctly how dramatic this could be so this is Hillsborough County and their evacuation zones okay now south Tampa which is where I have a duplex is this area right here okay dips down right in the bay kind of that's that's the south Tampa is what they call it you can see folks now fortunately when I bought this place even okay my place is somewhere right in this orange here just north of Gandy that's Gandy Boulevard okay which is a bridge over to Pinellas and I'm away from the coast enough that I'm not technically in a flood zone although I'm literally just outside of some of these red evacuation zone A's and I'm not as worried about my property folks but I wanted to give you a quick glimpse of the devastation that is possible if we ever get a storm surge that's talked about if it lines up because I mean you're talking about Davis Island Harbor Island McDeal Air Force Bay so many homes in the south Tampa area Palmacea beautiful area in south Tampa now this you look on the eastern side of the bay so many Apollo Beach right beautiful area you go down to Gulf City okay right near Gulf City down there now that is Hillsborough you jump to Pinellas where our office is in St. Petersburg now Pinellas has mandatory evacuations for A, B and C and mobile homes almost in all counties I believe that the hurricane is going to hit but send us some white light folks because you can see that zone A alone okay now they got B and C in Pinellas in there zone A man I mean look at all these streets in here okay these are streets with homes folks some of them beautiful on the water some of them pretty far inland for all intensive purposes but when you're dealing with a bay where you're so close to the level of water okay and then you talk about the coast of course as we know now St. Petersburg to give you a glimpse of where our office is let me find it real quick here we are at 300 4th Ave south there's 4th Ave south right here 300 we're right about here I think yeah there's 4th Ave south we're at 300 on the 3 blocks so we're right here is where we are so you can see you know only a few streets away but depending on where you are okay pay attention to these folks because we could see some real storm surge and unfortunately on Florida you got so much action on the coast man that there are so many people that have homes businesses etc on the coast it's a scary deal folks in terms of the weather the wind etc and you back things up I mean Tampa you see all over the place in terms of this zone A and I believe in Tampa right now you just have a zone A is a required evacuation mandatory and zone B is recommended so we'll see what happens folks but stay safe out there you know if you're in one of those zones don't risk it man life is too beautiful to risk it because you can't fight a storm surge man with what you get you know you got 8 foot 15 foot storm surge right now possible yeah that's something you do not want to be near folks many deaths especially in Florida from hurricanes can do with the storm surge that can roll in off of the coast okay let's get back to the market right now we're going to jump to Goldman and Blackrock and they are souring on stocks maybe a little elite to the party but Blackrock says shun most stocks as recession not priced yet Goldman downgrades global shares to underweight over three months yeah and not surprising folks especially when you get the competition for yields right now in terms of man you know do I really want to be in stocks right now when I can go over to yields and get three to four percent risk-free that's a battle for stocks right now folks current levels of equity valuations may not fully reflect related risks and might have to decline further to reach a market trough that's Goldman strategist writing in a note on Monday the market implied recession probability has risen to above 40% following the recent bond sell-off which historically has indicated elevated equity drawdown risk they wrote it's all tied together man when you put it together out there so that's what Goldman out there saying and then you got the bond king himself gun look he's buying after the worst user U.S. Treasury doubt route in decades he welcomes Tuesday's rally in a tweet one major investor who thinks the world's worst global bond out in decades is creating a buying opportunity and folks it doesn't mean you got to like barrel in all your savings into it okay you could step into this on a scaling process right tenure yields are up in 2022 my more than any prior year in terms of the elevation now the capital okay if you're trading those for capital where they've gotten decimated because the yields were so low to kick things off right now okay but yeah gun looks out there buying and I would say that you should be checking it out as well if that's something that you are interested in especially if you are maybe near retirement you got a retirement portfolio right but yeah I it's it's not surprising folks because yields are not going to go up forever because if they push it too far they're going to crash the economy and they'll have to lower them at some point so you know when you see yields where they are you see numbers you know biggest jump in yields since 1962 on a yearly basis right we get the 10 year we get the two year challenging levels we haven't seen in a while yeah I would pay attention to that in a big way so they manage $107 billion been a long time but he's been a buyer recently this market as it pops again we're going to pull up those notes and bonds real quick I mean folks you put this on a five year weekly okay 10 year at 140 you're going to love it at 110 if you like it at 129 to end 29 2019 yes you're going to love it at 111 October of 2018 it was still at 118 right you got to keep going back okay we're talking about back to levels that this hasn't been trading at since 2007 and you pull up the 30 year okay now that's a scary one folks in terms of we broke below that trend line where does 30 a go from here it's a free fall we're at 126 down 16 ticks today stay tuned folks we'll be back in three minutes 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 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under the symbol VGZ welcome back folks we have the S&P's pushing highs right now for the day we're up almost 60 points that's 1.6% how about the NASDAQ 100 up more than 2% right now we got the Dow charging higher making up those 200 points it gave up we're up three hundred and sixty three up a one and a quarter percent bitcoins up 1100 bucks crude up 1.1 dollar and 80 cents interesting to see how the storm may impact some of the crew crew no real impact yet man lower prices coming at you goal contract catches a bit as well up about $12 right now for gold and yeah we'll see how the day goes folks it's going to be fluid I just talked with my dad even over the break and we may shut down the offices even a little bit early today just to give people the ability to get safe you know employees producers Jacob Al the whole team so we'll see it's going to be fluid we'll let you know on the air we'll do our best with the news letters as well but we got a storm rolling right into us so we'll see what happens as we get into that number later today but it's going to be fluid and I imagine that we will at least be live up until at least about noon at this time at least and we'll see as fast market rolls around we may just roll into a replay at that point we'll see what happens it's fluid as you know in this thing it's going to roll in for the dicey part is that it might actually just sit there and stall over us which would be a tough deal man if we get that type of a stall with rainfall water etc let alone the winds and so forth but we got some time hoping for the best and we'll see what happens but yeah so at some point today we'll see how that goes but just a announcement that at some point we may shut it down even early because you get into Tuesday night man things are going to be getting a little dicey already and I'm going to pull up the Noah chart to end the program but we're going to talk a little bit of stocks before we do that folks let's get back into it JP Morgan they're all about dining so they got a new door dash credit card a credit card with door dash is the latest addition to their ever trading deals with a pandemic favorite that has continued to gain against rivals now we'll pull up the chart of door dash and the reason why I bring this up is continued to gain against rivals right is how the article is written this thing is in a max paying situation folks 257 down to 5285 now for a while we had uber in my newsletter rocket equities and options okay we did get out on a small loss we had a profit at one point but back what I'll say is if you want exposure to that market I would look for uber versus door dash okay because at least uber has the ride delivery business as well because the food delivery business man even chatting with friends we're all aware of inflation okay but these gig economy deals now if you take an uber to the airport you really aren't splurging right that's a necessary expense that you need to pay okay it's not a it's not an expense that you can afford not to take right if you're taking a cab to the airport an uber to the airport maybe you're taking one dining out at night maybe you don't want to drink maybe you're just using it as opposed to using a car right whatever you're doing that one you're you kind of have to pay the fee but these deals with food delivery man the cost that you're paying is not worth it sometimes and I even on uber eats man I ordered uber eats I ordered chipotle and uber eats a couple weeks ago okay we got three meals folks three meals and nothing crazy on those meals either I'm talking about you know a burrito a burrito bowl for all intents and purposes I got three burrito bowls okay all said and done it was more than $60 to get delivered from chipotle I was paying more than $20 more per a burrito to get delivered it's not I you can't do it man okay so door dash has got some problems because what's going on is is that that's their only deal and food delivery is so expensive because inflation has risen that you're paying a percentage on a rising percentage right so if the food delivery bill was usually $10 well you're paying 10 to 20% well that's 12 bucks not bad okay well now it's $15 you're paying 10 to 12 well now it's 18 bucks right it's a percentage on top of a rising percentage of inflation and as one of my friends put it the VC discount is over as in the venture capital discount is over when these companies were just in VC land okay they were raising venture capital money okay private equity money they were operating at severe losses in order to gain customers you didn't see people going online saying it cost me more than $60 to order three burritos from Chipotle because that's not how they would have become giants with so many customers okay that has ended it's over they're not in the business especially in this market okay of subsidizing losses to gain customers at that degree anymore so what are they doing they're raising prices okay and they're raising prices to a level in this inflationary environment is going to be very difficult because that is a real luxury for a lot of people okay I mean the joke online right is you know you order food from like you know 100 feet down the road because you're too lazy to walk out right people just aren't going to do that let alone just get in the car man and go pick some up if you have to if you're going to save that money if you're cut in every corner and a lot of people folks are starting to cut every corner because they have to you know I talked about it yesterday whether it's gas prices now gas prices going down but the sticker shock of insurance prices in Florida man you talk about buying gas well how about the Santas insurance okay because that number alone talked about it yesterday pretty sure my insurance bill folks over seven thousand dollars this year seven thousand dollars okay and I say lazy you're talking about that's not lazy in a bad way man you know what I mean as in you know there's nothing wrong with wanting to sit on the couch man and get a chipotle burrito delivered to you okay but it has reached a point that mentally I think it's very hard to rationalize for people which that's just myself speaking man but you know I got three kids in the house sometimes I do want to be a little lazy because I got busy days man I got busy nights I got busy mornings all around right I'm not ordering three burrito bulls on Chipotle again for over 60 bucks folks because it just feels dirty paying that type of money for three burrito bulls I mean that's what you can go eat out at right yeah let's see let's see what we got going on yeah my dad's my dad's texting me as we speak to get a quote from citizens and I do I have to get a quote from citizens no matter what but hey it's a tough deal citizens is the insurer of last resort and no matter what happens man we are dealing with a hurricane that may make things even worse but back to it DoorDash if I'm looking for these two businesses folks if I'm looking at DoorDash you're probably better off in Uber and that's just from a fundamental take because most people are taking Ubers because they're quote unquote and not lazy in a bad way you know just because they don't feel like it most time you're taking that ride-hailing because that's something you need to do to get to point A to point B for whatever reason food delivery that is just something that is cutting time most people have the ability to go pick up that food if they want to it would just be easier if it could be delivered but the cost that it comes with now is something that is really hard to rationalize for a lot of people especially when you're looking for easy ways to save money right now right it's not necessarily that everybody's in deep financial trouble there's a huge recession but we're all aware the cost are rising and if you have the ability to save some money here and there I think you're going to take it and that on DoorDash specifically that's their entire business man and that is here to stay but not like it was during the pandemic when this thing was trained at 257 so that got me started JP Morgan they're putting out a credit card but you know it made me laugh a little bit when you look at that line in terms of what do they say continued to gain against rivals well the stock continues to gain to the negative side for DoorDash stay tuned folks S&P's giving it up a bit we'll come right back I'm going to take a look at that NOAA app as well TFNN has just launched their new trading room 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 Tigresses for just $1 for the year there's no cash or added costs when you join our community of traders in the Tiger's Den you can look over the shoulders of Tom 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got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24-7 newsletter today TFNN.com educating investors 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 welcome back folks we got the SMPs right now up by 46 points NASDAQ up by 189 so stay tuned folks our man Basil Chapman he is coming up live next I believe we're gonna have our man Steve Rhodes live at 11 o'clock we'll make a determination middle of the day what we do here interesting day in the markets for sure we'll see how our day in Tampa Bay St. Petersburg Clearwater shapes up going forward checking out that map as I mentioned so this is Noah talking about the cone and you can see man it is barren down on that west coast right now you got Hurricane Ian right over Cuba okay and where they put it now his visit I mean Noah folks if you've never been to the website check it out very familiar in Tampa Florida as we pulled up this one is when the winds arrive okay so you can see the lines of now these are all estimates man keep track of it okay but this is where the winds are expected to arrive so you can see by Tuesday at 8 p.m. they're coming Tampa Bay area Wednesday 2 a.m. you're gonna start seeing I believe these are tropical storm force winds is when those are expected to arrive so middle of the night Wednesday Tuesday night into Wednesday it's gonna roll in the cone is right there and you look at there's your interactive cone okay in terms of where it's ripping in you can see the area that it stretches Tampa St. Petersburg right in the middle of it right now man and the last one I'm gonna end with okay and this one was tweeted heavy rainfall this might be the tough one man as I said the storms might kind of stall over check out okay the little inlet unfortunately man that's not what you want folks that is 15 to 20 inches of rainfall in the Tampa St. Petersburg area that is a foot and a half of rainfall let alone a storm surge that is possible right there and that was just tweeted at 8 23 a.m. this morning so they're constantly updating these but I believe that was for the 8 a.m. update that they put that out so be careful folks you see the whole area you're talking about rainfall you're talking about storm surges you're talking about hurricane winds stay safe out there take the precaution we'll all be back here on Thursday Friday Monday whatever it is nice and safe so be safe out there please if you're in the area take the precautions necessary folks you don't want to get caught too late alright folks stay tuned we got our man Basil Chapman he's coming up next to the Tiger Technicians hour we got our man Steve Rhodes with the Traders Edge after that thanks so much for starting your trading day folks we got the SP's up 1.1% today stay tuned for Basil up next have a great one folks