 The following is a presentation of TFNN. Good morning, market kickoff with your host, Tommy O'Brien. Good morning everybody. I'm Tommy O'Brien, coming to you live from TFNN Monday morning just after 9 a.m. Eastern time. We got about 24 minutes to go until the started trading and you pick things up slightly in the positive. You get the S&P futures quite a week last time about an S&P that picks things up positive by two points. Basically flat. We were down pre-market in the overnight session to about 5,090. We're positive a bit. We got a lot of economic with the PCE, the Fed's preferred inflation gauge. We'll go over that in a moment. Mike is cutting out, huh? Let's see if we're doing it. Let's see if that's working. Are we better? Let me know. All right. NASDAQ 100 this morning, up about 17 points. Must have been sitting on my mic there. Up 17 points. NASDAQ 100 just above 18,000, 18,008. You got NVIDIA up like another percent today doesn't stop from NVIDIA shares. Dow actually within a reach of 40,000. We haven't started in many days where you'd say to yourself reasonably the Dow could get to 40,000 today. You're only about 2% away from that price target. You never know in this type of market to the upside that Dow basically flat this morning, 39,192 and you get the Russell in the red this morning. You see a little bit of volatility right now since 8 AM, but still in the red by about two points on the Russell. Bitcoin, up $140, 51,890, you got Crude right now. We made it to 75,84 in the pre-market. We're trading at 76,59. Crude, just bouncing off that $78 price point that's been an area of resistance to the upside for the price of Crude. Gold had quite an acceleration on Friday up to 2,053. You're giving up some of that action this morning. As you can see though, just chopping around in about a $5 range for gold overnight. You close out yesterday, excuse me, Sunday, Friday, you close out at just above 2,045 and you're trading right now at 2,040, jumping around between 2,040 and 2,045. You got to jump to notes and bonds. You see the acceleration on Friday, we were at 109.09 on Friday. You made it above 110, an absolutely remarkable move. You're talking about, you go from above 4.3, we're at an easy 4.25%, 4.25%, easy math as yields pull back a bit on that little bit higher price there on the 10-year. We jump around to the dollar index. As you'd expect, when you get a sliding yields, you get a weaker dollar, the dollar at 307, excuse me, 103.76, the dollar right now down about 17 ticks. We jump over to the VIX this morning. With the 13 handle, we come in basically flat and yet again, you get an elevated VIX. Markets are in the positive. The VIX is predicated off the S&P recall. We were lower pre-market in the S&P, so it would make sense you had a slightly elevated VIX. We were at 13.64 on the final hour of trading on Friday and we're sitting at about 14. So again, we come into the week with a flat to positive market right now. S&Ps up by 1, NASDAQ 100 up by 16, Dow and Russell both negative by 2, and the VIX slightly elevated. All things considered though, sitting at a relatively low 14 on this volatility index. Now I say relatively low, but I don't even have to put lines on this chart to show you that we're getting higher highs and higher lows in the VIX. Look at where we're dipping down to. The markets at 5102, folks, 5102. We've tackled some of the biggest earnings events that we needed to in terms of the FANG, Magnificent 7, NVIDIA last week, probably the main event of the whole earning cycle, and you have a VIX that refuses to get down to anything that we were at, whether it was late last year at an 11 handle. Again about New Year's Eve at a 12, January 11th, you got to 12.35, January 24th, you got to 12.41, February 9th, you're only talking about 17 days ago, we were at 12.69 and somehow we're sitting at about 14 with the S&Ps at 5103. Not alarming, but something you do want to keep track of because it is slightly indicative of the fact that at these high, lofty levels of the S&P, you could be seeing a little bit of insurance premium, people taking a little bit of insurance possibly on the idea that yeah, we've had quite a run to the upside, putting the S&P back on a weekly basis. We have been talking about this as well, 5122, that's your A to B, it's no longer a projection. I've had that on the chart for a few weeks, man. We got there probably faster than I imagined, right out of the gate this year. Where this really started to show up on my charts was when you got that gap above the B point and the S&Ps, your A to B leg, it's a nice simple thousand points, that's why I liked it so much, especially in the S&Ps. You pull back a 50% retracement of what the market did and I took 3600, which was basically the lows it had for about a month. I did not take the 3502, which was a tail on, I think that was one morning or one day if I recall correctly, intraday, 3600, a nice simple round number. The highs made in July, 4634, we call it 4600. You got about a thousand point run off of the lows, which were 4122 and we got within a point and a half, man, of that price point, 51, 2350. The highs last week and we're trading just off that price level. All right, back to yields. You jump to the 10 year. Put it on a daily as we kick things off. So back to a 15 minute to kind of show the action on Friday, right? You dip to a low of 10909. Since that, we've had a little bit higher price and make it all the way above 110. We've backed off a bit. You're technically flat on the session right now for the 10 year, but I wanted to illustrate that bounce off that lower price there because we get some pretty important data. Thursday, we're going to get the PCE, which is the personal consumption expenditure. We'll get into some of those numbers after this first break in terms of what the market is expecting. They're pretty hot numbers in terms of what the market is looking for. Okay, but you got to recall that the Fed is saying that basically everybody on board is on board with the idea that we're going to get cut sometime this year. We're only in February. We're about to be in March though. Excuse me, and we're still sitting with yields of 4.3% on the 10 year. We were dealing with the federal funds overnight lending rate of five and a half almost, five and a quarter to five and a half percent. If you do get a pullback in price, excuse me, an elevation of price in terms of higher price, okay? And that's why I jumped to the 15 minute here because that was quite a bounce man off of those lows. 10909, you trade to higher price. Yes, we have a little bit of a pullback going on right now, but just since the lows that we were at on Friday morning, and I'm spending a little bit of time on yields this morning, but it's going to be an important one as we go forward right now. We are now over the earnings story, I would say. Everything was, you know, can the Magnificent Seven deliver the earnings that are priced into their equities? Not only did they deliver, they beat almost across the board, almost couldn't imagine a better earnings season capped off by NVIDIA. Now we still got many companies coming out, okay? But that was the key factor, obviously. Now we've made it through that. What do we shift to? Well, maybe we shift to the rates discussion yet again, right? March 20th is the next meeting for the Federal Reserve. And yes, we have a little bit of a pullback, but just since Friday, we're barely coming into the 3A2 right now. 10926, we have the 10-year, now actually negative. We have the 10-year yield when I came on the air, four and a quarter percent. We're sitting at 4.26, so up one basis point. But nonetheless, okay, going back to the longer-term picture, here is where we currently sit. Taking off some of these shorters, you can't even see, right? Here's where we currently sit, folks, okay? We've been at this price level you're talking about for a period of what, 16 months? 16 months, almost 17 months. We're sitting at the same exact price point, which yields a 10-year of 4.25 percent. All right, we'll be right back. We've got to go to break for a second. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. 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We jump over to Nvidia shares, as I mentioned, right? The fund's not ending just yet, folks. Up a bit in the pre-market. Up another $8, that's a 1% pop, $8 on Nvidia, you say, well, that's not that much. It's not that much for how it's been shopping around. Even from the open on Friday, you open at $805, you trade up $20, you trade down almost $50, $50, you finish the session at about $7.90, and you see a little bit of volatility in pre-market. $50, this thing traded from highs to lows, and that's not weakness. That's just volatility, as the market struggles to find where supply equals demand and where the true market cap. And remember, we talked about, let's see if it's this week as well. I'm sure it is, because it only adjusts for earnings. They got a very even round number of 2.5 billion shares outstanding, folks, so the simple math. 2.5 billion shares, they have to get to $800 on the dot to reach that 2 trillion mark, they are ahead of Amazon and Google, among many other companies of course, in terms of size of company. Amazon shares, they're going to open by about a dollar as well as the Nasdaq 100 is in the green. Amazon at $176, you're going to be above where you were last week on Amazon. Apple shares, quite a slide for them from Friday. You're going to open just slightly in the red for Apple at $182.36. Listen to Bloomberg earlier this morning, they were in a conversation about Apple and wearables. It is pretty remarkable where the future is going, man. I do not have a Vision Pro, I don't plan on getting a Vision Pro anytime soon. I think it was Dan Ives on there, they were just quoting interviews of the past, talking about Apple. They were talking about one of their analysts with Apple. And he was saying, the Vision Pro is probably going to look something like glasses and it's probably going to be available for $1,500 in two years, that might be pushing it, man. Maybe years, four years, maybe five years, you know, you go out five years, man. Very difficult to imagine where technology is going to be in five years and some of the videos from those Vision Pros, the augmented reality, the augmented reality, not virtual reality folks. It is the augmented reality to hang your hats on in terms of where that market is going. Adding augmenting reality with technology is where the future is going, not the virtual aspect of things. Nonetheless, Google shares, you're going to be down about $1.50 to $1.43.82. And as I mentioned, so, talking about a couple things going on in the market, we get PCE on Thursday, okay? Jumping into some of these numbers that we're talking about for PCE here. Looking ahead to Thursday's economic data, headline and core PCE are both set to come in at a hot 0.4% month over month pace, 0.4% month over month, annualized is 4.8%. And that's not exactly how things break down, but it's a quick guide that if things go exactly how they went over the last 30 days, you multiply it times 12, you're approaching 5% inflation. And that is headline and core, both 0.4 versus 0.2 for the prior month. Now, driven in large part by residual seasonality. Heidi breakdown, residual seasonality, right? Despite the high monthly reading, base effects will likely allow annual core inflation to edge down to 2.8% in January versus 2.9 in the prior and continue to fall to 2.5% or lower by mid-year. And that is some chief economist, Bloomberg chief economist potentially. Yeah. He had some fed speak last week. He had New York president John Williams on Friday that the economy's headed in the right direction and it will likely be appropriate to cut rates later this year. That's all they've really signed on to, right? That's all that chairman Powell has ever really embraced is that everybody on the committee is on board, that they feel it will be appropriate at some time this year to begin cutting, but when that will be, we're not quite comfortable yet. Well, you get one data point today, Thursday, excuse me, this week, Thursday with the PCE Thursday morning. And as you see, they're looking for hot numbers, man, 0.4% on a monthly basis on the core and on the headline. We jump back to crude with that in mind. Now, there's a lot more going on than crude, but crude bumping up against the upper boundary line in terms of that $78 price point, right? Pretty critical area. And again, we trade lower from that. This is the daily. You see the rejection on Friday. So that'll help things out if you break above that area. Be careful, man, because as you can see, we're going back to basically November 7th, which is pretty remarkable that you're talking about what? December, January, excuse me. Yeah, December, January, February, and now March, almost four straight months, that $78 price point, one, two, three in this last kind of area. We were up there for almost a period of two weeks from February 13th to the rejection Friday, 10 days later, February 23rd. So keep your eye on crude as well, because right now, it's not a huge part of that inflation story, but man, you start getting any type of an acceleration above $78 and that's really going to add to things. Chairman Powell's probably sipping this Monday morning coffee saying, yeah, we can see crude down 15 pennies. We'll take that as an assistant to the battle of inflation. Okay, what else have we got going on? They talk about in the same article, and this is just a market wrap up in the morning on Bloomberg, but they're talking about the breath of the economy, and it would make sense with the run that these tech companies have had. Goldman said markets have room to extend gains beyond their record highs if the economic outlook remains upbeat and investors pour money into recent laggards. Is that what's going to happen? You want to be careful with that aspect of things, folks, because if that's the case, then just take all your money from the Magnificent Seven and dump into the Russell 2000, right? But if somebody told you to do that right now, wouldn't the spikes on your back go up? I'm pretty sure they'd go up. Wouldn't that's, you know, nobody knows what the future holds. Okay, that may be the play potentially, but boy, it's a risky play to take your money out of the winners that are crushing everything and put it into the equities that are vastly under-performed for some time. You look at the market breath, the weakest since 2009 shouldn't be surprising. Okay, and this is the S&P 500 price relative to the S&P equal weighted index, and you can see the run it's had in terms of the ratio, and you can see how that run is really accelerated basically from those October lows. NVIDIA, Microsoft, Google, many companies. Even you look at a company like Salesforce, right? Look at this company Salesforce, man. October, you're trading at 193. You just traded 298. You're up 50% from the October low for Salesforce. You take a look in a longer term timeframe, right near the highs of 311 down to 126. Absolutely remarkable, man. As this market slides to slightly red, with five minutes left to go into the opening bell, we jump around to the 10 year right now, the 10 year, basically flat, we're sitting at a 10 year yield just above four and a quarter percent right now as we come into the Fed's preferred inflation gauge. Thursday, PCE, we went over a 0.4%. Look for that number on Thursday morning, and we also get fourth quarter GDP. I think that number might be Wednesday. Yeah, we'll get into it after the bell, but we get fourth quarter GDP as well. I think that number comes out on Wednesday. There it is, yes, fourth quarter US GDP numbers do Wednesday. There you go, and we get some comments from a host of central bank officials for clues on the path for interest rates. I don't think you're gonna get any clues, folks. You've gotten all the clues that you're gonna get. We got a couple of meetings at least. We got a bunch of data in between them. You got March 20th, which is completely off the table, and we see where we go from there, and we got the S&P sitting at about 5,100 right now as we come into the opening bell. And on a weekly basis, right, we got two red bars since October. It's about to be March. Two red bars from October. It's about to be March. If you are holding through this, you gotta accept the fact that you might get a consolidation or a pullback. Even a 382 pullback right now is almost 400 points in the S&P this run. We got a 1,000 point run in the S&P. You've ran 25% over a period of about four months, and we've had two red weeks over four months. So prepare yourself for a little bit of volatility, at least in the near term. We'll see where we go for the opening bell. Stay tuned, folks. We're coming back for three minutes. We've got a lot to talk about. We'll take a look at some other references. Are you ready to take charge of your financial future? TFNN is your gateway to the world of trading and investing. Whether you're starting out or scaling up, TFNN empowers traders and investors of all skill levels with top-notch investing systems, strategies, and techniques. It's time to protect and grow your money with insight you can trust. Join us live Monday through Friday during market hours for exclusive content that moves with the markets. At TFNN, we bring the trading floor to you. 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Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Welcome back, folks. We've got markets open. You got an S&P barely in the positive by one point, NASDAQ 100, leading the way as usual, up by 24 points. NVIDIA, giving that a boost to a certain degree, right? NVIDIA, up another 1.25% this morning. You got the Dow and the Russell slightly in the red right now. You jump over to Google shares down by 1.1%. We jump over to Apple shares. They're basically flat at 182.33. Amazon shares, they give back some of those gains they had pre-market. You're still up by about 2.10% right now for Amazon. You jump over to Tesla, up 1%. And you jump over to Meta shares, basically flat this morning at 483.61. You jump back to Apple. My dad had a great question. Ten augmented versus virtual, right? What exactly is that difference? And it's something you're gonna understand for sure. The Vision Pro is, what's gonna change the world is gonna be augmented reality, which is if you think about it, augmented is to add. Okay, so they're adding to reality. So if you've seen some of the videos of the Vision Pro, they're basically like sunglasses. So you can still see the world around you. And then they use that screen to overlay technology that is embedded within the reality that is the real reality at least that we find ourselves in, okay? Versus virtual reality is think of it like a helmet that lets in no light whatsoever. And it's all a screen, it's all virtual. And it's not adding to reality. It's all virtual reality, right? Now both are gonna exist. There's definitely gonna be video games and whatnot where you're in this virtual reality environment, et cetera, where maybe you're playing a video game and you can barely tell the difference because the technology is so good and the centuries are so good that you can't even tell the difference of reality versus video game. But what is gonna change the world is gonna be augmented reality. And if you haven't checked out some of the videos on YouTube, go out there a few times and just see the type of technology. And I'm talking about this cool cooking videos, right? Where you're wearing a Vision Pro, you're cooking. And you have one timer, which is literally placed directly over the boiling pot of water on the stove with a timer. So that is added in reality, right? You're cooking, you're viewing the stove, you have the boiling water, where do you place the timer? You place it directly over that boiling point of water. While you're wearing your Vision Pro, you have to imagine that eventually these things are gonna be like contact lenses where you're not even feeling them on your eyes, okay? Or let alone just some clear glasses in the beginning. You're walking around your house, you go to the bathroom, you go back in the living room, you say, oh, where's that timer? Where's the timer? You go back to the kitchen, it's sitting right over that pot of boiling water, et cetera. So it's gonna be pretty cool, man. And I think it's gonna be something that we begin to accept as a mainstay of just normal life as you go forward. Can't imagine what the world is gonna be like when Tommy is, my goodness, I don't even know how old, right? He's three years old now, man. I just said, you go out five years, good luck. I mean, you go out 10 years, he's only 13 years old. You gotta go out 15 years to where he's 18 years old. 15 years, I didn't have a cell phone until I was, this is the old man speaking, like 20, 19 or 20. So it's, and then you think about how important technology is in our lives right now. I'm about to be 44. I didn't have a phone for about half of my life. And so yeah, technology. I mean, we're at the beginning of those augmented reality glasses and that is gonna become a mainstay just the same way the phone has. And it's probably gonna be an extension of your phone to a certain degree. They were having a great discussion on Bloomberg this morning. I agree with a lot of it. They had one of those analysts. Anyhow, just like, and I can relate because I have a watch right now, okay? And you know what got me to eventually get an iPhone watch, folks? An iWatch was the ability to use that watch to take phone calls and do texts without the phone itself. You still need the phone, but if you get the watch with the phone, then you can go for a run on your watch, with your watch, you can take a phone call if you need to through your AirPods, with just your watch. So that was the big one for me, man. So I got the watch, it health tracked. I was able to use that watch to be out for a run. I'm out for a run an hour. Somebody needs to reach me. They can call me, it comes right to me. I can text, I can call, all of that stuff. It's an extension of the device. So glasses aren't gonna take away, at least for right now, the phone to that degree, but they're gonna compliment it. And you're gonna see it happen really quickly, man, because some of the technology of watching those Vision Pro videos is pretty astounding to put it lightly. So yeah, augmented reality, coming at ya. All right, let's check out Nvidia shares. Back above 800, 80284, you're up another $14 for Nvidia shares, up one and three quarters percent. All right, we jump around some of the other equities that are moving this morning. Domino's Pizza, how about it? Up by 8% on their numbers. Domino's trading up $35 to $468.51. You jump back to the weekly, we're right back to the 618. Pretty remarkable how these companies have gotten back so much of that pullback, many different equities, right? Even a company like Domino's Pizza that gets cut in half from the highs of the beginning of 2022. And just like that, man, we're pushing 470. The one thing I will say is be a little carefully on that 618, gonna be a critical area. You blow past this area, yeah, you're probably going for the highs, a 567. Back there made at the end, beginning of 2022. All right, we see what else we got pulled up here. What are we talking about? Yeah, let's talk a little bit about streamers. This one's interesting, man. I've seen this show, never really watched it. Seen it, heard of it, love is blind on Netflix. And it's interesting how the streaming platform is changing. I was having a discussion with my dad this weekend and we were talking about he was subscribing to Peacock and enjoying some of the content on Peacock. I told him I had signed up for Peacock recently for one of the NFL Playoff games, signed up for a month, canceled at the end of that month. And I have enough streaming options right now in the house. I don't think I need Peacock, essentially. But what I did mention is that, you know, this is gonna become a game and it's not a game, but it's going to become, at least until there's further consolidation of you sign up, you cancel, and not in the fairest way. You just binge watch what you need to, you cancel, you come out, you come back in. For instance, Peacock gave me the option when I canceled. I think it was only $5.99 a month that I signed up for with ads. They gave me an option about a week after I canceled, and I don't know if this is like an everyone option. So don't go canceling and imagine that you're definitely gonna get this offer. That's not what I'm saying. But they are trying to bring you back in the fold. Obviously, if you cancel, especially from a one month subscription, $1.99 a month for six months. So $12 for half a year. They were gonna give me Peacock. Now that includes ads. So every person that they sign up, they're still making more money by being able to deliver ads to that person. And then I had Paramount. Now Paramount, I signed up to stream the Super Bowl, okay, because I don't have cable. Paramount offers a seven day free trial, folks. Right now, if you haven't tried Paramount, you can sign up, you have seven days, you can cancel, pay nothing, okay? I canceled within that seven day period because I really just wanted to use it for the Super Bowl. They immediately came back to me and gave me the offer. We'll give you one more free month. No questions asked. We don't need to charge you. You got your free seven day free trial. You were gonna cancel. We give you an extra 30 days. I said, okay, I'll take the 30 days. I'm probably gonna cancel. But guess what? I was gonna cancel anyway. So they're right that they really didn't give up anything because now the chances I subscribe are greater than zero. Right, I haven't canceled yet through that month. And I probably will. But you see how what you're gonna do is you're going to cancel, get pulled back in through promotional sign ups and cancel. Now, where is there a wrinkle that the companies can capitalize on the need to always be signed up for something? Well, there's two different aspects of that. Live sports, okay? Live programming is like the Holy Grail that you need to be there for live. And reality helps with that as well. And Netflix, pretty interesting. Love is Mine. We'll talk about some of those numbers that they're doing on reality TV. Stay tuned, folks. We'll be back in three minutes. Don't go away. 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Welcome, folks. We got the S&Ps up by four points. All the markets back in the green right now with the S&Ps up by four. NASDAQ 100, we're up about 30 points. That's about just more than one-tenth percent. Dow up by two-tenth percent. Catches have been on the open there. Up 86 points, you see the run on a five-minute basis. We're up about 100 points off the open. Dow is in the red on the open. We're up by 87 right now. 39,278 in the Russell participating to the upside as well. Russell, up by five points. That's a quarter percent to the upside. We check on some of the equities with some action this morning. We mentioned Domino's Pizza. They're up by about 8.3 percent. Domino's raising their dividend by 25 percent and they're increasing their buyback program by an additional billion dollars. Not bad, that company continuing to rebound off the lows as we talked about earlier. And NVIDIA shares, they give back some of it, oscillating right around that $800 price point which puts them right at two trillion. NVIDIA shares up by almost $8, though, to $7.95, $61. And we were talking about some of the streamers. You jump to Netflix, up a quarter percent right now. Disney, up about three-tenth percent right now. You jump back to the story that I was talking about. So in 2020, Netflix released a new reality dating show. Now, reality TV folks, most of the time, listen, we all have our whatever, sometimes it's incident at scrolling, right? Whatever your mind-numbing relaxation at certain degrees. Some people enjoy reality TV. I am not a fan of it. Some people aren't a fan of sports, okay? That is a form of reality television. I think sports is like the best reality TV out there because it's those raw emotions, but that's why people like reality TV, raw emotions, real emotions to the certain degree. That's why people love high-level sports, right? You work all year for the Super Bowl and it comes down to two plays at the end of the game. It comes down to everything. But nonetheless, the numbers are pretty remarkable in terms of how much they spend on content, right? And how this one program launched in 2020, they put 30 men and women and they don't let them see each other, right? You're blocked by a wall and then you have to find love without seeing somebody. That's the premise, okay? The six seasons out and it's literally, they call it the crown jewel of the unscripted offerings. Now, they don't have reality sports yet. That's an unscripted offering as well, okay? But the latest season, US Most Watch TV chart last week, new season regularly in the top 10, okay? They don't measure viewership the same way as linear TV in terms of Nielsen or anything like that, but seasons two through four were the top 10 most viewed shows in more than 50 countries. That's the most remarkable thing, how they push it out to every single country. Viewers crashed the service when Netflix attempted to host a live reunion for season four, if you recall that, the stockpounce right back. It was no big problem, man. They are gonna get that right and that was the part I wanted to get to. They're gonna take these shows, okay, that are not aired live and they're gonna have live features about the shows, okay, I've seen it happen in terms of, even in my household, okay, how these shows you have, whether it's a reunion, whether it's a tell-all, okay, whether it's whatever it is in these shows, nonetheless, you see the acceleration they've had and this is going to become an integral part of these companies making sure you keep people signed on in perpetuity and you don't allow them to go through that cycle. So what are you gonna do? You're gonna have a couple of services that you just subscribed to. They're always available. Netflix is probably gonna be one of them, okay? Netflix is probably gonna be the one to start things off but that's gonna be the battle that you're gonna see happen because otherwise there's too many services, there's too many good deals. I've seen it start to happen in my household myself in terms of Paramount, Peacock, two outstanding services, man, what's the program on Paramount? Is it Yellowstone, I believe? I gotta watch Yellowstone at some point. I'm gonna go down the Yellowstone rabbit hole, right? I've heard amazing things. I'm sure it's an amazing program. I don't have the time to watch that much television, folks. Probably takes me six months or a year to watch any potential program in terms of the number of programs, right? I'm rewatching Peaky Blinders right now. I haven't seen seasons four, five and six, I think. I've seen the ones before that. Man, that's a great program. Thomas Shelby, watch out for Thomas Shelby and those Peaky Blinders, folks, yeah. Okay, let's talk a little bit again because the yen factors into the gold contract, of course. We got some action this morning. You got gold down about $12 right now, down about half a percent to 2037. It is pretty interesting when you look at gold, too, in terms of not quite performing the same way. You could have had an A to B to C formation. You see gold making a low somewhat in comparison to the market. You got to run up to 2152 in December and things have changed since then, though, as you have the gold contract at 2037.60 this morning down $12, but we jump over to the dollar yen, go a little bit shorter term timeframe, and man, seems like we're bumping up against an area, right? 151.90 was the high back there in November. We're all the way back to 150.70. We've been here for a period of about two weeks right now in terms of February 13th was that acceleration high up to 150.87. We're within about 20 pennies at that price point, 150.69 right now for the dollar yen, up by 17. And what this article's talking about is that traders hoping to profit from large swings in the dollar yen may be in for a rude awakening as the currency pair risks being trapped between rising intervention odds and US interest rate bets, okay? Now what they talk about is the one month implied volatility on the dollar yen, a measure of its expected movement of course over a period may fall to its lowest level since March, 2022, fueling that that decline is the pair's narrowing daily trading range which is due to those two forces, okay? Dollar yen appears to be caught between you have the Ministry of Finance threatening intervention on the top side, okay? While the Bank of Japan talking down the chances of rate hikes is supporting the exchange rate on the downside. They're in trouble, man. That's a tough one to get past, right? One month implied volatility was as high as 8.14% last week. Yeah, and you got, you know, now here's where things you wanna get forward looking, okay? The pairing back of the Federal Reserve rate expectations following the strong inflation data, okay? So it's saying the recent trend that US rates have risen, okay, is limiting the downside to the dollar yen, the largest daily range last week was just 0.75 yen, okay? But that's not gonna be the case going forward if you go out months, folks. I mean, you gotta look at this chart right now and imagine that you're probably bumping up an area that is an area of resistance, right? You don't have to be a master technician and it doesn't mean this stuff is gonna always work, okay? But look at this chart and ask yourself if you're a buyer or seller at this price point. And naturally, I think you'd wanna go to selling. Now we don't have volume on this chart, okay? On currencies, doesn't mean you break above this, then yes, we could have dramatic problems. But this is why, this is the area that I enjoy as a trader because at least your backs against the wall as my dad would say, all right? You have your trading area. You're gonna know if you're right or wrong pretty quickly, man, okay? You start breaking above this area. Your assumption's wrong, period. Cause your assumption is you're bumping up against an area that's been prior resistance. You're gonna sell that area. You're gonna look for a trade lower. Doesn't mean it's always gonna be the case, okay? But nonetheless, that's right where you sit right now and on the prospect that you have a Federal Reserve coming into March stating that everybody is pretty much on board that we're gonna begin cutting sometime this year. You're only talking about nine months, man. Three to six months go by very quickly in a market as the market is forward-looking with the end right now. Positive yet again though, 150, 69. Stay tuned, folks. One more segment, 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 and 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. Back folks, we have the S&P up by two right now NASDAQ up by four, Dow up by 95, all the markets in the green. We jump over to the VIX right now. The IX, Volatility Index back to a 13 handle at 1391. We jump around to some of those companies with action this morning. Domino's Pizza up by 9% now. We jump over to NVIDIA. They were up by what, one and three-quarters percent almost, you're up only $5, you're up by about seven-tenths percent for NVIDIA shares right now. We jump to some of the other equities with their numbers this week. Macy's will be out with their numbers tomorrow. Macy's basically flat. We talked about Salesforce, man, Salesforce. Yeah, they're up by 2.1%. They have their numbers on Wednesday, Salesforce. They'll be out with their numbers on Wednesday for Salesforce. Some of the other companies we got, we also got Paramount I talked about. So we still got some companies. I mean, we got over the ones that can really drive the entire market, but we still got some big companies. Salesforce will be one of them, of course. Paramount will be out with their numbers on Wednesday as well after the bell. You're up by 1% right now for Paramount. You jump over to Warner Brothers Discovery, tough week for them last week. You're up by about four-tenths percent. We jump over to Disney shares, up by about two-thirds percent as well. What else do we have? Yeah, those are some of the bigger ones in terms of Salesforce, Macy's, Paramount. You got TJ Maxx out there as well with their numbers this week. So we still got some companies coming out with their numbers and Domino's kicked that off today to the upside. You got to love when you have a dividend increase and you get a buyback for a billion dollars added to the initial plans. All right, we jump around, see some of the other equities. Tesla shares catching a little bit of a bid. Tesla up by 2.5%. You put this thing on a weekly though. I'd be careful, man. 200 is a critical area for Tesla shares right now. You can see that that was kind of the area that was resistance back there in the beginning of 2023. That's where you got support for that October run and you've just been chopping around and that could easily be a consolidation. And keep in mind, folks, if you get Tesla run down to about $100 a share, Elon might have a short squeeze going on. And it's not a short squeeze. He might have a margin call, I should say, going on. Doesn't mean it's going to happen. Richest man in the world is going to have access to capital. Okay, but you do not want that becoming part of the conversation if you are a long Tesla and you are trading down to an area that you might have to have Elon liquidated shares or put up more capital. We'll finish the program like that. NASDAQ gets into the red as we wrap up the hour. Stay tuned, folks. Basel Chapman's coming up next. Live programming all day. My dad's back in the saddle at four o'clock as well. Three o'clock to four o'clock today. My dad, have a great one. We'll see you tomorrow.