 The following is a presentation of TFNN in Market's Kickoff with your host, Tommy O'Brien. Good Friday morning everybody, I'm Tommy O'Brien, coming to you live from TFNN just after 9 a.m. Eastern time. We got about 30 minutes to go until the opening bell and quite a market as we continue to the downside in pretty dramatic fashion. We're gonna kick things off with a weekly of the S&P folks. I've been talking about this trend line for a while now and that is quite a decisive break. That is quite a decisive breakout on a weekly basis. On the S&P you can't ignore the acceleration we got this week folks. You're talking about a high of this bar 46.71 with 230 points below that price level right now back on a 15-minute basis. Quite the acceleration yesterday. You almost can't overstate the move we had. You're talking about an intraday high yesterday of 45.94. Less than 24 hours ago folks. You were trading 150 points higher than you're trading at right now. We're still off the lows that we got at about 10 p.m. Eastern time last night at about 44.30. We're trading at 44.44. You're down two-thirds percent in the S&P. NASDAQ 100 down more than a full percent. You're trading 14,684. The Dow is off about four-tenths right now. The Russell off about 14 points. Bitcoin gonna get a lot of headlines coming into Friday coming into the weekend. Bitcoin yesterday sitting pretty comfortably above 43,000 this morning. Not so much the case. You're down $4,400. Bitcoin really accelerates with them with the market. Market makes a high at about 11 a.m. Eastern time yesterday. Things really fell out for Bitcoin towards the end of the day. But man you had quite an acceleration overnight as well. You ended the trading day yesterday in Bitcoin about 41,400. And you see the acceleration there on a 15 minute basis. Now no huge fundamental news other than you know China putting the clamp excuse me Russia putting the clamp down on cryptos calling it a threat. And I would say anybody especially you know it's talking to my dad out there this morning any government ourselves included Western democracies included but especially a country run by somebody like Putin. The last thing he wants is to lose control of the money supply and have his citizens able to act and do things without it. But that same thing goes for Western democracies Europe etc. are fed keep your eye on that one because we have just crossed a critical level. It's the second time we have you put Bitcoin on a daily and I had mentioned I mean when we broke below this 40,000 mark you're going back to January 10th. So you're talking about 11 days ago seemed like Bitcoin had saved itself bounced off that $40,000 area just like that though pretty decisive break when you look at it really decisive since November 10th you're talking about just over two months folks 70,000 to 38,000 and next stop seems all but assured to be 30,000 on this now that we've broken a couple times below this we have the markets escalating to the downside right now you got Bitcoin at 38,000 and you can see there's nothing in between about 40,000 and 30,000 and that was the run it had from July to basically August in one month span now you back it up a little bit further on a three year weekly that's where it looks a little bit clearer 30,000 the price point that's where we came into the year 2020 would give it all back from 2020 and man you break below 30,000 10,000 in play like instantly to because this run it had on a weekly basis folks you went from 10,000 on October 12th to ending the year at 30,000 in less than a quarter you rose from 10,000 to 30,000 kept going to 60,000 we're on our way to 30,000 and if we cross 30,000 you don't have to be a master technician folks to see where Bitcoin goes and it's 10,000 let's jump over to Ethereum as well Ethereum not going back as far but quite a decisive break as well now you are right back to where you were on September 20th on Bitcoin trading at 2700 you break below this level and you're talking about 1700 1800 the pullback we got in the middle of June and July on Ethereum all right we jump to crude crude holding up relatively well with everything else going on in this market crude right up against these highs we had back in October now this is a three-year weekly to see the action we have you can see crude settling at a new normal you put crude going back a five-year weekly above where we were at even in 2018 and you check it out on a monthly basis pretty similar action in terms of Bitcoin you have really easy to spot price action on these charts folks you're breaking through areas right now on crude next stop is a hundred dollars we haven't done anything look at the fall off we had back to 2014 everybody's talking about hundred dollar oil oil can't even trade lower with the market just dropping out of bed in a big way and nonetheless we got crude sitting at 85 bucks next stop seems to be 100 on that in similar fashion to Ethereum anytime you break a very critical area folks and beyond that critical area you just have a one-way trip to a certain price as in you know right when we broke above basically that that high that we got back in 2018 when we break above 7690 there is nothing in the way between 7690 and 100 bucks and it did that in the span of about four months going back to 2014 2014 remarkable you're going back 2014 all right back to a daily on the charts we check out gold gold's behaving relatively well as well 1842 gold struggling for a bit maybe with the market in torrent turmoil gold shows a little bit of appreciation finally in the face of some inflation that's pretty shocking and we jump to the all important notes and bonds catching a little bit of a bounce there oops excuse me in the note and bond we got the tenure right now a little bit indeed right quite a bounce and for sure now this is where it gets interesting i mean you get markets selling off you have yields actually decreasing now as the floodgates go to the safety of bonds now if that happens it's going to send rates back down which is pretty interesting and it is quite a rise from where we were Wednesday folks you're talking about a full point and eight ticks in the tenure right now turning it one 28 11 all right and let's get to quite the main course last night after the bell maybe this is the freak out that's going on with the nasdaq right now and it might be because netflix is not stopping folks we're trading at 400 bucks you were trading at 520 yesterday that's 120 per share that netflix shareholders are going to lose just from where it was at about 1 p.m eastern time yesterday they missed on subscriber numbers and that's all that matters to this company i mean i'm a big disney bull disney underperform the market and they are trading lower we'll get to them shortly as well last year they underperformed they're trading low with netflix this morning but disney has a lot more going on so when they come out with their numbers the market is heavily interested in what they're doing for streaming but they're also heavily interested in their parks that have struggled they're interested in the movie theaters that they are releasing their films in that aren't open yet netflix does one thing they sign up people for streaming and that's it period they pay for production they pay for content they sign people up for their service and that's it so it's really simple even though they made the numbers last night in terms of revenue in terms of consensus estimates for revenue earnings that type of stuff subscribers are all the matter of this company as i speak 399 i did not see this one coming and i want to say if you're looking to get in netflix right this might be at least an opportunity because you're going to open folks at 400 bucks to put this on a chart okay we got to go back even further but check this out we are at pre-pandemic prices they give it all back netflix gives it all back from the pandemic remarkable peloton we're going to get to coming up as well i mean just uh experiences a lot folks living through this seeing this seeing these companies that should have benefited oh so greatly and they did for a short time being they are not meandering the end of this pandemic like we all kind of suspected as netflix surged to 700 you're going to open at 398 we're going to take a look a little bit at netflix we're going to go back a little bit further we're going to talk disney we're going to talk peloton we'll be right back folks stay tuned everything in the universe is governed by the 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levels on charts folks 400 is a very important price level for netflix we trade below 400 just visually you can see that number one you get the next round number 300 and 300 was an area that yeah we traded all the way down to what was it 231 at the end of 2018 we got to a price point of 252 at september of 2019 so yes we are going to be back to $400 which was where we were trading at pre-pandemic levels but it is important to remember that netflix really accelerated i mean you're talking about a stock that was trading at 137 as recently as 2017 right so that is still a three-vagger okay from that price point from where you are right now just for some context but critical area for netflix at 400 getting into the actual raw numbers uh they missed in a big way and they really don't have a reason why which is probably partly to blame in terms of why the stock's being punished so much uh 2.5 million subscribers is what they expect this quarter that'd be the company's worst start in more than a decade plunges is how they put it uh erasing yeah 45 billion in market cap so they added 18.2 million customers in 2021 that's down 50% from the record year before now checking out the ads they've had on a yearly basis okay 2020 record year pandemic they capitalized they add 36.6 million subscribers last year they add 18.2 you add them both together you're talking about what is that 54.8 million subscribers that's 27 million subscribers per year over the two years they definitely pulled forward some of the subscribers we know that now when you look at this chart you can't deny it when you look at the yearly follow-off to the tune of about 50% of what they did in 2020 but when you take the average folks at 27 it's exactly what they did in 2019 now 2018 was at 28 but pretty much on par 2018-19-20 and 2021 they're pushing about 27 to 28 million subscribers per year ad uh market though was looking for yeah 6.26 is what they were looking for for the current quarter that's the one that they're talking about 2.5 million subscribers now now here's the part that gets a little interesting though if you're a bull on Netflix could cause a little worry company executives struggled to identify why growth has slowed they bramed a tough economy especially in Latin America as well as lingering fallout from the pandemic they acknowledged the potential impact from rival streaming services that's something new uh yeah and as I say re-hasting says long-dismissed competition as a problem noting Netflix has grown as many rivals came into the business that's very true as well and this is something we're going to start to see play out because my friends and I were even talking about yesterday uh you know Disney catering to people with children especially how does that play out when you talk about cancelling uh many children though they're hooked on Netflix just as fast folks if you have little kids in your house maybe you're familiar with Coco Mellon on Netflix that thing is like uh caught fire in a big way so can you cancel either of them can you cancel both I have both in my household many people both have probably have both in their household but we're nearing a point they're talking about the tiger's den yesterday man you add up your cable bill you add up Netflix you add up Disney maybe you got the Disney plan with hulu and ESPN plus maybe you have HBO Max in there as well you you're paying probably more than you might have been paying for cable at the beginning of things so we'll see how this plays out you have Disney trading lower today you have Roku trading lower today as well I think they put in here but yeah so this is the quote okay it's tough to pinpoint why subscriber acquisition hasn't recovered to pre-covid levels that's the CFO said on their webcast yesterday he and his colleagues reiterated their confidence in long-term prospects for the business well what else are they going to say that that we're in deep trouble and we're never going to turn it around and the long-term prognosis is negative you're not going to hear a c-suite executive say that ever folks um India they just go over some of the numbers that they posted in terms of what they were looking for nonetheless that is Netflix they trade lower and this will be an interesting open folks at about 400 bucks from Netflix shares now we got jump over to Peloton Peloton I mean Netflix Netflix changed the world folks they they're going to be around okay they're going to be around at a different valuation today than they were yesterday or a few years ago Peloton you can't say the same thing Peloton has not changed the world folks they became quite a phenomenon that is undeniable the chart says it as well they've become a phenomenon to the upside and to the downside yesterday folks I'm getting meme jokes left and right from my friends about Peloton Peloton has become a meme joke stock after becoming a cult following stock now they've built quite the following over the period of the pandemic that following is probably going to follow them through but I wouldn't even buy a $2,000 bike during the pandemic I'm certainly not going to buy it now I heard my dad talking about it yesterday in the same sentiment uh they obviously have some problems they halt production yesterday uh they're trading at $24 you were trading at $37 in 2019 uh what it must be like to be down 40 percent in Peloton over the period of about two plus years when you had COVID strike during that time obviously a period of mismanagement they ramp things up the forecasts were horrible you combine this you combine Netflix folks some of these expectations that we have excuse me and Netflix is a different deal in Peloton Peloton is complete mismanagement by the executives you can't deny it and then the whole story comes out that you got the executive selling 500 million at the tops here's what i'll say about that portion of it okay insiders transactions are very important I think it came out that the CEO sold about $110 million of his position that was only about 10 percent of his portfolio all right I can't blame an executive that sells out 10 percent folks when you trade from 17 to 170 as traders ourselves if you get a 10 bagger during that time the expectations built into the future are just mammoth so he was a billionaire at those prices I think he's now worth like 300 million or something like that and he cashed out a hundred million at the top keep your eye on those positions a bunch of executives did it I can't blame them no I really not people are up in arms over this deal folks executives folks an executive that starts a company like Peloton brings it public you know creates a phenomenon during the pandemic he's a billionaire and he says to himself you know there's a lot of growth built into the price of this equity at 100 bucks 120 140 170 I think I'm going to take 10 off the table and diversify it because why would I keep one billion dollars in a company that's trading at 171 that was just trading at 17 now Mark Zuckerberg would disagree and that's how you become king of the internet is you keep all the shares you keep all the ownership if you ownership if you really believe in what you're doing but he could have believed it in as well and just didn't want to write it out at the tops like you see there at 171 which is pretty crazy over the top in terms of where you are on that equity when you were just at 17 did not think that we would get below pre-covid levels though on Peloton now Netflix the reason why Netflix should freak out the market a little bit is what happens if technology stocks are missing in a big way and what happens if we got a tough earning sector coming up tough earnings quarter coming up for some of these equities Netflix did not imagine that you could trade a 400 bucks on their earnings last night about a $35 move priced into this equity coming into things so much much larger move if you were buying it at the money put or call yesterday about $18 is all you were paying well you're going to get $108 move to the downside on that equity on the open stay tuned folks we'll become right back for the opening bell we'll take a look a little bit Peloton we get back we'll take a look at disney we'll take a look some of those tech stocks as well nasdaq off 113 we'll be right back are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex predator in the trading markets and join the tiger's den trading room only at tfnn.com the tiger's den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas join the den and surround yourself with the sharpest minds in the trading world subscribers to the tiger's den are also the first to have their questions answered live on air and can privately chat with our tfnn hosts live during their shows interact with other tigers and 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off the $32 it was trading at yesterday when the news broke that they are halting production of some of their bikes i think you have the ceo out there doing a little bit of damage control out there as well like i said i mean they got a big following they got a lot of people with bikes now that they're going to have for recurring revenue but man talk about a reevaluation of the growth multiples on that company we're trading at $26 right now on peloton all right let's jump around to some of the thanks docs see how they're trading apple shares getting a little bit of a lift on the open check that out so we get the nasdaq 100 down 77 right now getting a lift part of that's got to be apple trading from basically 163 to 165 right on the open see how microsoft is trading this morning basically flat at 302 we jumped to google shares google trading flat as well amazon shares trading at 309 amazon actually with a 2900 print remarkable you take a look at amazon uh if you're looking to get an amazon folks you get a 2900 handle on amazon you could at least start to dabble the only thing a little bit worrisome is man this acceleration you got i would be very surprised if amazon gave it all back during the pandemic but wouldn't be the first time folks because man been surprised many times by some of these equities but we're approaching area that has nice support here of about $3,000 that's an area we've been shopping around in since july of 2020 folks you're getting into amazon at july of 2020 prices of about 3,000 back from 3700 a couple times last year so you're talking about what is that more than a 20 percent haircut or where you were trading out on two occasions last year on amazon shares and these markets we're surging higher as you got the s&p's down just 14 points now 14,000 uh excuse me 44 61 but man these moves on a weekly basis pretty decisive there's your s&p on a weekly basis there's your nasdaq on a weekly basis these two bars we got folks from january 3rd and the week we had this week of course january 17th you're talking about giving up in the nasdaq 100 almost 2,000 points folks we're about 200 points away from a 2,000 point give up from the highs we had to start this year that's a move you better be paying attention to let's jump over the vix as we're getting a little bit of a lift right now in the markets vix pairing that was gains a bit but man you're talking about 2675 and that is as i just had it you put this thing and back it up a little bit further just to show you the type of moves that are possible here uh this vix move up to 2670 pretty well below most of the spikes that we've had in the last couple of years you look at it i mean most of these spikes folks this is going back to uh march of 2020 i'll back it up even a little bit further to get the full covid spike in there okay but you had 85 when the market just fell out of bed when covid hit outside of that we look at the runs that we've had since june of that year and as you can see most of the highs actually higher which means that the pain may not be over man we are getting a lift but it's almost a scary lift every time we've risen in this market you've had to pay the price later in the day with some negative action we'll see if that happens today we check in on bitcoin bitcoin catching a little bit of a lift we're now 1,100 bucks off the low we'll keep our eye on bitcoin shares shares bitcoin trading at 38,760 right now all right let's jump down the line see what else we have going on in terms of stocks slumber j the oil services company oil good market to be in oil right now uh beat top and bottom line estimates for the fourth quarter 41 cents a share 2 cents above estimates higher oil prices spurred demand for drilling services slumber j slb is their symbol and they are barely negative after some volatility on the open by about half a percent we got this market turning positive russle and the dow just went positive s and p only three points in the negative right now yeah netflix we covered peloton we've covered uh csx they're out with their numbers they beat by a penny 42 cents a share railroad operators revenue also beat sales grew across all of its business lines as customers sought to deal with supply chain challenges however a little bit negative as uh they noted a surge in expenses the common theme there's cxx csx down about 3.2 right now uh intel yeah here's an intel one i want to get to they're going to spend 20 billion dollars in ohio chip making hub ceo explains plans in an interview with time magazine intel's trying to catch up to asia giants in chip making 20 billion dollars is quite a price tag to go after it the company expects to grow to be the world's biggest silicon manufacturing site according to a person familiar with its plans i mean 20 billion dollars is a lot of money but i think taiwan semiconductor came out and said they're going to spend a hundred billion dollars over the next three years or five years or something like that so the amount of money these chip makers have to spend just to be competitive is pretty remarkable uh they're going to be in construction of two fabrication plants on a 1000 acre site in new albany operational by 2025 so you're talking about three years time reported the plans earlier signing an interview with the ceo he said uh the company will use the location as a hub to research develop it develop and manufacture its most advanced chips and will have the option to expand to 2000 acres and up to eight fabrication plants intel shares this morning they are getting a little bit of a lift they're up one percent the market likes that now here's what i'll say about netflix as well they're trained at 399 right where they were down 21 percent the thing to watch out for netflix because i'm thinking about it myself i mean you got to imagine if you were looking to get into netflix and i was just even maybe long-term retirement wise right gets away from me to 701 they had this consolidation area from july of 2020 to basically for a full year till august of 2021 you break out of that you're back to four hundred dollars as i put it you're in a pretty nice area in terms of four hundred dollars being an area that you had a little bit of resistance back to even 2018 maybe that's going to be an area of support that you've had a couple occasions for the better part of 2019 we saw prices of 386 almost on a couple occasions but here's the thing that i'll say that's kind of out there looming netflix is struggling the market's making them pay for that reed hastings is an innovator folks that you cannot deny the way he changed the world if you recall when netflix was first starting and they had their cd service really remarkable that they built their company on cds which our children won't even know existed it was so long ago but when they first transitioned to streaming platforms if you recall first streaming was included and then they segmented it out right you had to either sign up for a cd service or the streaming service reed hastings knew streaming was the future there are going to be speed bumps they needed to ditch the cd deal they needed to start signing people up for streaming they need to start producing programs and spending money for streaming if they decide to get into gaming and this might be a catalyst because i imagine they're sitting at their desk this morning folks going okay how do we turn this around right we will not grow in the way we need to where do we find some growth it's going to be international for sure but you heard the executive saying we're not quite sure so if they're not quite sure why they can't sign up as many international subscribers to their streaming services they thought maybe one area is gaming they've talked about getting into gaming well maybe they really have some aspirations and they go out there and then they make a purchase into gaming it might be a little bit of a turnaround time but it's something to think about folks and so be aware that if you're getting in there that is a possibility that you could see netflix going out trying to really bolster their gaming maybe that's an area that they could provide more value to their subscribers and maybe that's an area they could provide more growth because they need it after yesterday and they're going to be thinking about that and that's one area they've talked about they want to get into something to keep in mind netflix trading at 398 down 21 percent we'll be right back in the market for buying or selling real estate in the bay area including the surrounding st Petersburg Tampa and clearwater markets tiger real estate LLC is a firm that has extensive experience in the Tampa Bay area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property tiger realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and 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see the five on the five years proceeding 120 an area that we might have a little bit of support maybe that's your next stop because we don't have much going on between about 120 and 140 now you're at the 50% you're kind of right back to the area that you traded out on the first news of disney plus to give you some fundamental background of disney i mean we're approaching areas folks before we even had any idea of what disney existed like one friend made a point that i found that i agreed with is that disney if disney service now they have kids in the house if disney service was 19 or 20 a month they'd probably cancel but it's not folks it's like seven or eight bucks a month i think disney made a brilliant plan you know as you know i'm a disney bull but we're going back to an area folks that april of 2019 is when disney even announced any type of plan for disney plus prior to that you knew they they had talked about that they were going to create a streaming service but the market had no idea were they going to make it $17 were they going to go hbo max style and make it $20 a month premium uh no they undercut netflix in pricing the market loved the idea they traded disney from about 150 and up to 142 over the period of a few weeks just getting my bearings on how things went let me back this up again yes so april of 2019 they announced those plans uh they ended up being fortunate that they go public right before the pandemic you pushed a 153 on the news that they had signed up x amount of people even before it began point being folks we are back to price levels that they didn't even know what the structure was going to be like on disney let alone the amount of people they've signed up if you're looking a little bit longer term boy i encourage you to take a look at it at 138 because i imagine that 120 it's going to have some real support even if it makes it down there so maybe you start a partial position um yeah they're saying that they need a adult segment for the parents and they do have adult they got natural national geographic in there um they have some other things that are included but i agree and they are not competing like netflix man um kids themselves right you can fly around a million things on netflix the one thing that disney had does have that they're never never going to lose is the star wars franchises they get the marvel franchises right they got mickey mouse they got donald duck they have everything that goes with that um that's a tough one for netflix to compete with but disney's not getting it done in terms of the stickability if you don't have kids you're probably not sticking with disney so it's interesting to see but this underperformance this has a lot to do also with the parks and the movie theater business okay because you back things up to 2019 and disney had i believe eight to 10 different movies that all grossed a billion dollars at the box office they didn't have a single movie in 2020 and they ended 2021 with spider-man which was the first movie since going back to the end of 2019 they'll be back to that business eventually folks so we'll see how it goes all right jumping around to what else we got going on let's jump to some of the fan favorite stocks out there tesla shares down about 1.7 percent you're below a thousand dollars nvidia's had quite a pullback recently nvidia 237 man check out this stock from 346 wow quite a pullback you've now given back $110 on nvidia shares we jump over to zoom shares the slide does not stop down to 154 you down another percent on zoom shares we'll check out netflix see how they're trading the slide does not stop on netflix man 391 we just hit on netflix shares my goodness you jump over to roku down 3.5 percent peloton shares getting a little bit of a lift but uh that's a dead cap bounce in a big way over there in terms of up 6 but well off the 32 dollars it was trading at yesterday in this market talk about some two-way action i'm going to put the nasdaq 100 on a one-minute chart just for some quick action here you just traded up 140 points folks gave it all back within the first 15 minutes of trading and we just bounced 80 nasdaq points in the last three minutes this market is trying to figure out which way it wants to go and it just hasn't figured it out just yet we jump over to the bonds i mean talk about a give back in yields man there is just action everywhere in this market folks that's a one-minute basis so we just came up and made highs at about 9 12 with the beginning of the program we're talking about a 10 year yield that is now at 1.76 percent we're approaching 1.9 percent on wednesday 1.76 percent quite an exodus of equities people flocking to the safety of notes and bonds in a big way excuse me over in europe she had big negative action on the heels of our negative action yesterday excuse me dax was down 2.3 percent footsie down 1.4 calc roll down 1.7 percent big numbers let's jump around see how some of those meme stocks are trading you get amc down 2 percent these stocks talk about a rise and a fall man 17 bucks you're going right back to 10 bucks folks on amc game stop 100 it's just remarkable these these poor people they got caught in some of these equities hopefully not too many retailers or adres but unfortunately it's just been quite a ride to higher prices and lower prices indeed all right what else do i have pulled up here to chat about we talked about bitcoin yeah mr. diamond gets a raise not too surprising there as he has led that bank remarkable to work 2005 he has been ceo and just like the analysts and associates of jp morgan he is getting a raise of 10 to 34.5 million for his work in 2021 we jump over to some of the banks today with yields pulling back a bit talk about a give back man jp morgan down again you're at 147 you were just trading at 170 i mean you just gave up 23 dollars of price action jp morgan as they miss in a big way bank of america shares you're down and you were at 50 you gave up five bucks so they're about 10 off where they were trading at well as far goes been the strongest one but they gave up a little bit as well from 58 to 54 city really pulling back as well let's jump around to some of the travel stocks and see all they're trading right now this market's ridiculous upwards and downwards we go nasdaq 100 down 130 again there's your chart of american back down to the lows that we had in december on two occasions let's take out the three-year weekly these airlines man some max paying situation so interesting american you're right back at that 618 you topped out on two occasions of american at 26 you're back to 16 a 618 in the movie and you're back to this area that we had a little bit of support back in uh early december maybe that's an area for american quite a pullback this week delta shares also back to an area that we found a little bit of support in on a couple occasions for delta we jumped to domestically jet blue yeah just uh remarkable place them slow clawback in these travel stocks we jumped to corner with the cruise ships probably nowhere slower uh carnival down 2.5 percent again nor region down 2.9 percent bowing shares down 2.7 percent so much for being out of the woods for bowing bowing shares this week alone from 230 to 208 for bowing shares all right folks stay tuned it's friday we're only 20 minutes into the trading day we get the s and p negative 21 points nasdaq 100 negative 130 now stay tuned folks i'll be right back to finish up the show sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv live every market day from 8 30 a.m to 4 p.m eastern for free each host is 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from february a year's gains in the market just that quick now you want to talk about some pullbacks man kathy would talk about falling out of favor she's about to give it all back from covid you're trading at 74 dollars you're down 2.4 percent for her fund some of those tech stocks man they're just getting pummeled 60 dollars is where arc innovation etf started the pandemic you're trading at 74 after being at 160 early last year all right folks stay tuned we got live programming today we got our man basal Chapman he's live coming up next folks i encourage you basal does an outstanding program in his newsletter the opening call you can check that out right under the newsletters tab on the front page of tfnn.com i'm talking about it specifically because basal sometimes i don't know if he's going to do it tomorrow maybe he's out there listening but he puts out videos for subscribers on saturdays folks they're outstanding videos i watch them myself at some point on saturday over the weekend to get a feel just amazing as an example if you sign up for the opening call basal service okay last weekend this is what he put out you can go check that out before you even wait for this weekend all right he's in there talking about it 51 minute video folks basal put off for subscribers last saturday for the overview of january 15th let alone when you sign up for the opening call he's got a bunch of great archive webinars in there as well so check that out check out any of the services folks you can check out multiple if you want check out my newsletter rocket equities and options you got our man dave white out there with patholese resistance 30 day money back guarantee for all of them folks but i talk about basal because man he does an awesome job and those those webinar videos they're basically a full webinar folks that he puts out on saturdays 51 minutes last weekend you can check that out as well as of course gaining access to the daily updates as well all right folks we got quite a market so much for a two-way market we got negative action and it's picking up to the downside s and p's making session lows right now at four