 Welcome back folks we got the S&P is negative by ten points right now get a chart of target up there so you see the initial move on target down to two forty two we're down about seven dollars right now on target you had the expected move at about eleven dollars in either direction priced into options so slightly under that move we jump over to lows lows trading higher pulling back a little bit from the lofty highs of one ninety two you're back to one eighty nine jumping over to those numbers. Climbing up to the number earnings beats estimates as home professionals help drive growth is the headline there retailers same store sales drop one point six percent in the quarter but I believe the market was looking for about a decline of two point two percent we'll get down to it yes they were they were looking for a decline of two point two percent so same store sales dropping by just one point six percent some lofty comps that they're dealing with of course here earnings beat four twenty five versus four or one revenue beats by about seven hundred million it's a decimal point when you put it in billions but twenty seven point five seven billion market was looking for twenty six point eight five billion that profit rising to over three billion which correlates to the four twenty five a share net sales climbing to twenty seven point five seven the number they had last year was twenty seven point three they beat on the expectation as well now as we mentioned same store sales dropping by just one point six percent same store sales fell to push two percent but grew by thirty two percent when looking over a two year period. Did you get that one so low same store sales I'm repeating again because two year comps are just bananas because the growth some of these companies have had and that is a scientific term bananas. No it's just remarkable when you look at a two year basis sometimes some of the growth you just don't realize it when you put those numbers in together quarter by quarter by quarter over the last year and a half during COVID. Low same store sales dropped by one point six percent in the quarter same store sales fell two point two percent and maybe that's talking about the year yeah but grew thirty two percent over a two year period. I mean you're talking about lows two years ago folks lows was doing big business all right I don't have the numbers in front of me but they were doing big business and guess what they're doing thirty two percent bigger business larger business than they were two years ago during the same period a year ago. Those put up big numbers including thirty five point one percent growth of same store sales and nearly a sixty nine percent surge in quarterly profits as the retailers really benefited from maybe it was just the ordering online stimulus was in there as well. And they talk about more business from do it yourself customers but it's trying to attract some of the home professionals with the new loyalty program twenty twenty five percent of the total sales have come from contractors electricians plumbers and others versus about forty five percent. At home depot so there's a little breakdown there for you. Let's see so low CEO Marvin Ellison said the company's home professionals business grew by twenty one percent the second quarter home decor sales ten percent. Revenue expected about ninety two billion for the year thirty percent same store sales growth on a two year basis as we talk about they got a nine billion dollar repurchase plan in that so low is trading high rightfully so strong numbers across the board there we take a look at lows on a three year weekly for some context. Excuse me folks. You were down at sixty bucks at the lows of covid the lows for low man that was a buying opportunity in a big way you trade from one twenty down to sixty bucks the world figures out that we're all going to spend money to redo our homes. Lowes takes off to about one eighty we come into twenty twenty one at about one fifty seven. Now just the recent run that lows had since the March lows to two fifteen the high in May. You're right back to a fifty percent retracement coming into these numbers they're going to open at about one ninety on lows as they are trading higher this morning. And the other one we have out this morning is TJ Max they have some strong numbers as well we're trading up about a buck fifty now interesting not as much volatility priced into TJ Max you jump back to target shares right target. Now it's nice is the market has not opened yet so options are have not reprised yet so basically all prices having to do with options are still set on the thinkors from platform that's going to correlate to an eleven dollar move for target as we talked about now lows. You were looking for about a six dollar and sixty eight cent move that would push you to about one ninety on the upside and as you see. Excuse me though that would push you to one eighty nine. Excuse me that's basically right we're trading at just about one eighty nine coming into the expected move to the upside on lows and then as I said TJ Max now they're up. Now the interesting thing here is TJ Max a lot less volatility right two dollars and thirty one cents you're talking about the move on TJ Max and we are up about a buck fifty on their numbers this morning as well. All right jumping around to what else we got going on T-Mobile we talked about this story I believe maybe yesterday or Monday talking about potential breach of maybe as much as one hundred and five million customers looks like it's about seven point eight million the hacker stole. Post paid customers personal data the company was made aware of the attack last week said the statement data from about eight hundred and fifty thousand prepaid customers within forty million records of former and prospective customers also stolen. These companies got to get in control folks because it's never going to stop and all our information just basically is going to be out there before we know it kind of already is. T-Mobile down a little bit this morning markets down as well though so no real dramatic moves on that stock. This one's an interesting one they were talking about in the den yesterday Palantir. So few gold bulls out there and we got plenty of gold bulls out there. It's a good sign when you got public companies stolen fifty million dollars in gold as opposed to maybe putting it into some money market or cash accounts keeping cash on the books. No they're going to keep gold on the books. And as they mentioned also possible that they'd invest in cryptos the data analytics software maker has a growing cash pile thanks to stock sales and now it's investing in growth as well as early stage cuts. It's going to keep the customers just something to keep your eye on folks because we've seen what Elon has done for Bitcoin and the likes doing a billion plus dollars of Tesla money over there. Not sure that's going to happen the same with gold but you could see Palantir getting into the cryptos as well. And if you just start seeing some of these public companies folks going after gold just as a little bit of hedge of economic uncertainty out there that could put a lift in gold. And right now jumping to gold. We got gold in 1789. You take a look at gold. Put it on a three year weekly basis. We're stuck on this downtrend channel. You know not exactly parallel lines here. Not sure that lines up super cleanly. We just traded right back down to the lows we had in March. You're talking about within almost a dollar literally almost a dollar that Sunday night plunge last Sunday. We make it down to that exact retest. We've bounced since then. And you really want to see gold get above whether it's the high we had in July. The high we had back in May above 1900. We're looking at all time highs recently of 2089. Is that an all time high. Yeah that is all time high. We got above those highs that we had back in 2011 before giving it up. But we'll see gold looking for a little bit of a bid here. We'll see as it plays out. But that is some good news for gold bugs when you got public companies spending their cash. Public companies got a lot of cash and even as a hedge it would make sense. And I have some gold folks. My dad's got the gold report. I know I'm biased. But it would make sense as a hedge to not be just keeping all your money in this environment in particular folks when we have inflation very possible. OK doesn't mean it's going to happen but it can't hurt to have a little bit of your cash maybe in there just as a hedge. We have eight nine million jobs we got to make up. We have markets basically sitting at all time highs not so much anymore after yesterday's crush. But something to consider and it wouldn't be gold a lot easier stomach maybe then crypto in terms of a public company putting that on the books doesn't mean you can't pull back. But for what it's worth. Let's jump to this one real quick because this one's an interesting one talking about hedging smart money had the jump on another mid month plunge in the S&P 500. So what it talks about here is traders loading up on protection. It talks about the VIX. It talks about the volatility priced into the VIX. Excuse me and it talks about here. Option traders have kept their guard up in August a month before as they say that they may start paring some of the stimulus with the Federal Reserve. Heading into this week. Anx was particularly acute derivatives tied to the VIX. OK. You had in the futures market a six month contracts on the VIX traded at 7.7 points above the cash index a premium that hadn't a premium that before this year hadn't been seen since 2016. We're going to talk about this a little bit when we get back. Stay tuned folks. We'll be right back. 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Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information just click the Think or Swim banner on the front page of TFNN.com. Welcome back folks with the S&Ps. Negative by 12 on the open right now. Dow off about 119 points. We got the Nasdaq. Negative by about 25. Let's jump around to some of the stocks with their numbers. See how they're open in this morning. We got target shares down about 2.3% on their numbers. We talked about lows. Low shares trading up by 3.9%. We referenced TJ Maxx as well. Not quite the same story on the open. Always interesting to see how they trade on the open. TJ Maxx diving lower from 7050 to 6870. That one going to correlate. Kind of waiting for some ticks and some prints on that stuck at 6870 on the open right now. Okay. Jumping back to that article. A couple interesting points. Talking about basically volatility and people buying insurance in the S&P. So you have the VIX spike to 1960, which references was a high of recent high made. And what this gets into as well. Let me let me pull these numbers because it's it's some lofty levels here. So heading into this week. So as we talked about the angst was particularly acute and derivatives tied to the VIX. The VVIX on Friday reached the highest level relative to the VIX. Okay. That's the measurement plied volatility in the VIX since before the COVID-19 pandemic in the futures market. As I said coming into the break, you had the VIX trading at 7.7 points above the cash index. A premium that before this year hadn't been seen since 2016. Keeping all this in mind. We had a little bit of a sell off yesterday as it goes. Now what I find really amusing at the end of this article on Bloomberg here is that you have Michael Purvis. Some advisor out there. The name sounds familiar, but I'm not familiar. Heightened interest for hedging is a sign that sentiment has yet to turn overly exuberant and there are still skeptics that can be converted into buyers. Now I get the argument right saying that we're only at a top when nobody when everybody thinks the market's going up, you know, when everybody's in everybody's talking about it. We've all heard the stories right. Everybody's talking about what you do and everybody's in the market. Everybody's fully invested while we're obviously not there yet if people are buying insurance because they're spending capital that might be used for the market on insurance. It's also just a reflection that there's fear priced into this market maybe rightfully so that we could see a pullback at a time when we have potential inflation. The next story I'm going to jump to folks is talking about food inflation worldwide and it's going to blow your mind. So keep in mind as we go through these. All right. We have inflation. We have eight to nine million jobs we've got to make up in a big way and we have markets sitting at all time highs. Those things don't quite square themselves. They don't. Keep that in mind when somebody tells you that anybody pointing to market participants buying insurance before sell-offs is indicative that we are not at a peak. Doesn't have to be that way folks. OK. Now the food article this one out by Bloomberg a Bloomberg Business Week article great piece out here don't have time to go through it all but I'm just going to cherry pick a couple of facts in here. It really breaks down worldwide. I mean in the U.S. we are the wealthiest nation out there folks very fortunate to be in the United States of America. When you look at some of the families across the world the type of cost that are rising. OK. On that basis it's pretty staggering. Now just tying in the first one changes in global food prices. OK. Oils one of the biggest ones you're talking about almost 50 percent sugars. How about 25 percent cereals on the same way 25 percent dairy a solid 12.2 percent and meat across the board 6.5 percent in a big way. That's going to hit everybody folks. Now you get down to some of the numbers when they're talking about specific countries in here. Let me see if I can get where we were. Excuse me for scrolling here. Come on. Here we go. Yes here we go. This is what I want to get to. So Brazil. OK. Huge player one of the world's largest producers of agricultural commodities and ships crowd to its ports and load grains. Excuse me. And ships crowd its ports ships crowd its ports. OK. I'll get there. You have ships that are shipping all of these products. They crowd the ports to load grains oil seeds coffee and meat much of cargo is bound for China. They talk about here. But how about this one folks. Meanwhile food in Brazil is getting more expensive beef beef prices in July up 43 percent from a year earlier chicken prices up more than 20 percent per capita domestic consumption of beef has fallen to its lowest level since 1996. Now this isn't quite involved in our inflationary discussion when you look at the Fed. All right. We're going to get some Fed minutes out today I think. And that's always in the discussion. We get Jackson Hole going on later this month late August. They're not looking at the prices that Brazilians are paying for beef folks. But this is factoring into what's going on in America to some degree as well. Now as I mentioned this article really gets into the numbers worldwide. They're talking about scant rainfall also sent prices of electricity soaring in that nation rising energy and food prices cost annual inflation to accelerate in almost nine percent in July complicating Brazil's effort over there for the central bank which is raised benchmark interest rates four times in 2021. They can't get a hold of it right now as those prices are really accelerating. Milk and dairy have also become dear. We used to go to the supermarket and buy a box of 12 bottles per milk 12 bottles of milk per a month. Now I'm having tea every day. We rarely buy milk. It's really hitting people across the board and they keep going into it in terms of worldwide where they are. Whether you're talking about Brazil. I think they get into Nigeria in here as well. Staggering prices worldwide and see how that plays out. And we're dealing with some of it in the U.S. for sure as well. All right. Let's jump around to other stories we got. I am going to check back just on some of these equities and see how we're trading because I'm always curious target shares holding on to the lows right there. Lows trading a bit higher. Let's jump on Home Depot and see other trading Home Depot up a little bit maybe with Target on their numbers. Excuse me with Lowe's on their numbers and Walmart shares pretty much unchanged so far this morning down with the market. Let's take a look at some of the fang stocks. Amazon down about a tenth of percent Microsoft shares down about a tenth of a percent as well. Apple said quite a week for itself putting up all time highs. Apple down about a quarter percent right now one forty nine eighty seven. OK. Jumping around what else we got going on. I found this one interesting. So you got Molson. OK. They have teamed up with the one and only Dwayne Johnson the rock. That's not the article I want there. Hold on one second. Where are we. Come on. Don't do this to me. All right. We're going to have to get back to it because I had it up there and I'll find it again. But it's talking about Zoa the energy drink from Molson teaming up with the rock. We'll jump to that back to that one. This was another article I had teed up here to talk about. Just interesting to try to wrap your head around some of these technologies to come at us. Now Waymo is the self driving unit of Google. They've been spun off basically. It came out of Google Labs. They've been doing this for about 10 years. They're supposed to be the industry leader. Now they have already been running a driverless autonomous vehicle program in Phoenix. And I'm getting into some of the numbers here in terms of what year they've been in there for. Because they've been running this thing for years now back to I think it was nineteen ninety seven. Come on. Yeah they separated from Google's research lab in 2016. In 2017 they launched self driving rides with the backup human driver in Phoenix. We're talking about four years ago now folks. This is going to be the point of this. All right. And I often joke with friends. Self driving cars technology in general is accelerating faster than any of us can really wrap our head around because of the way exponential growth works. But I never ever send somebody a text in Siri and auto correct almost takes the word you wrote correctly and changes it to another word that makes no sense in the context of that sentence. And I'll say to my friends we're supposed to have self driving cars. And they haven't even figured out simple speech patterns of automation within your phone yet. And you think about how infallible self driving cars should attempt to be. And they're talking about they've solved ninety nine percent. The one percent left is the tough one to do. Stay tuned folks. Come back with our man Teddy Keg stat talking for us right back. 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An investment in the funds is subject to risk including the possible loss of principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor for side fund services LLC. Don't forget you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com then hit watch Tiger TV. That's TFNN.com then hit watch Tiger TV. Welcome back folks we get the S&P is negative by 8 points straight down trading of 44 to 35. As we do every Wednesday at 40 past the hour let's jump over to our man Teddy Kegs that you can reach Teddy folks. Every trading day at 4x-trading-unlock.com we talk to Teddy every week we get a wrap up of the 4x market. Teddy Kegs that good morning. Good morning Tommy. How we doing man. I'm doing pretty good we got some interesting things going on in the 4x market that's for sure this week. We sure do we got a little bit of selling in this market yesterday we've had a couple accelerations to higher prices towards the end of the sessions though. But I was jumping around to some of these commodity markets getting ready for your interview today man and yeah I saw some interesting action. Can we start it off with the Australian dollar US dollar man because this thing just continues. We've talked about it before and always interesting when I check it out man quite a move we had was that yesterday. I mean it's just a continuation really from where we were back in March but what are you looking at on this chart man. Oh I don't try and catch a falling knife with this one that's all I can say you know I mean. You have it the fact that that whole trade zone now. I mean we've been talking about the Australian dollar being a bear now for the past like couple months and how this is going to just keep on. Is this all to do Teddy pretty much with just how you know Australia is so locked down right now and how that's just going to weigh on that country. Is that basically and I know there's a lot going on right now in the world in the economy. But is that one of the driving forces just that simple over there right now. Well that's one of the definitely one of the biggest for sure variables but then there's also the fact that China is not importing any of their commodities. I mean their biggest their biggest outlet for their everything that they produce is China you know. So I mean when that when you couple that with the fact that you're locking down. So even though China even if China wanted to start buying stuff in the lockdown they're not going to even be able to ship it out produce. It's a huge problem. It's a mess you know. Yeah. So and then you have New Zealand which. Yeah. They've gone into lockdown. So now it's interesting you want to start with this zone. So my my whole thing of all the currencies and I've been saying this now you got everyone can look back on the past couple of Wednesdays for sure. Australian dollar is pretty much a bear versus all currencies right now. Just it is. You know. So and especially like with the dollar and like for instance like the pound Australian Australian dollar to that's accelerating to new highs today. As we speak you know. So that just tells you how much. Wow. Yeah. Right. I mean and now that's what now this is where like the margins are expensive in FX like there's a lot of opportunities with these cross rates with the Australian dollar. But like for instance like I have a pound Australian dollar position on the margins are much higher on that because the pound is a much higher margin contract to begin. OK. And when you throw this volatility people got to be careful. If they start looking at this out these trends and opportunities like pick your spots and get ready for a long trade because you don't want to put it be putting money up at risk like this on some sort of just like a day quick little little swing trade. You know that's very important. Yeah. You know. So but yeah a couple with the New Zealand dollar now being under pressure. I mean yesterday the dollar really had an accelerated rally that I think was coupled by the fact that you had currencies like the Australian dollar and the New Zealand dollar that fell out of bed no matter what they were actually dragging the market. You know because you know we have the divergence because if you if you look at certain other markets they're not having that sign of strength. You know like for instance the euro is banging new lows. OK. The Australian dollar is banging new lows. Now the New Zealand dollar is kind of neutral but it's riding new lows right now. OK. But if you look at the Japanese yen that the U.S. dollar yen they're coming off a higher move low. So there's a member we've been talking about divergence. So we have a U.S. dollar yen bull going on that that's already in place. You know and that's a whole different dynamic with as far as why that's a bull there versus we're Australia. This is a fundamental thing right off the bat. Yeah. Anyone that's looking at technicals I'm sorry. Everything is oversold that market. So you can throw every indicator stochastic RSI and whatever you can act. Yeah. It's a free fall. Sure. It's a free fall. You know. So now you have to wait and see how things start to pan out. If you're not in those trends I would say use caution stay away. There's plenty of opportunity elsewhere. You know there's other markets swinging. Sure. Sure. It's kind of like if an equity goes bananas through the roof right from 20 to 200. It might be a great equity but how do you exactly buy that on anything technical. That's just kind of where my head goes kind of a similar attitude. Absolutely. Absolutely. So but but yeah but the interesting thing too is when you look at the dollar rally right now that the 30 years coming off a lower move low high. So if they continue like we have big numbers coming out tomorrow you know once again the unemployment number is really big. Are we going to have a lower claims again. I don't know. I don't know. That's going to be you know no matter what a big deal you know so I mean the economic numbers seem to be holding the interest rates in place we're not getting a rally you know so and I think that if they start to fall apart that's going to definitely give more strength to the dollar once again you know and especially with gold being kind of neutral right now you know it's coming off some lows but long term I'm sure it's very bullish but right now intermediate term with gold it's gold it's very shaky you know. Yeah. No definitely I mean we're back to basically the same price that we were at 13 months back in July of 2020. Yeah. Now I'd be careful with the US dollar Canada right now that's a that's a very very tricky trade. I think that you really need to wait for a breakout. I think that the end of the upside correction is that the upside correction is over and it's more neutral to lower that's my personal point of view but still I'm looking for a confirmed breakout to the downside with newer move lows to really lock that mindset because right now with dollar strength going on the way it is we could see a pop in that you know and test those highs again you know what I don't see even if we even if we run up to there I don't see a long-term trend of strength for the US dollar with the Canada you know I see it mostly with the Aussie especially with the right now you know the New Zealand a little iffy you know so and I would be careful with the pound right now the pound is coming off of you know the US dollar pound is coming off a higher move low but it's a very neutral trade because the pound is strong versus most currencies so there's a lot of that's where this divergence comes into you when you have that kind of thing that especially the big currencies they can only trend so much one way or another against each other because of the relationship to these other currencies that I know it's that makes any sense it should. Oh it does listen I love I know there's so many relationships which is what makes it so cool I think man right in terms of it's not just about earnings and revenue in terms of you have the and that's I mean that's I had not looked at what was it the the pound Aussie dollar the one that you just had me I mean that's just been it you know quite an acceleration. Do you know why I like that trade because I'm bearish the Aussie versus pretty much every currency I picked the pound because the pound is bullish versus most strong currencies even the dollar periodic right now so it's very neutral as far as being what's your underlying currency against it there's a lot of things that can happen with the US dollar the pound not so much you know cool so you put those two trends together negative Aussie very neutral pound but pound strong versus all the other currencies that Aussie is weak against that gives you a really good odd situation with that kind of a trade you know but the margins are higher because you're talking about any pound cross rate is more expensive. And where you looking on the upside on that pound Aussie dollar I mean that thing was all the way up to above two at the depths of COVID where just out of curiosity you're looking at maybe to move to the it's been quite a run already from one seventy five to one ninety this year but where would you put your kind of upper boundary looking for on that right now I would say for your pound Aussie dollar that you should be looking at somewhere around a dollar ninety one half something like that ninety to a dollar ninety two like I think that this is I don't see it shooting up there in the next week or so but I can see it trending and swing trading that way up for the next week and a half or so and we didn't get the crude but how are you include you still a bullman I'm a bull I'm a bull and by the way short-term selling signal in Ethereum she correct down to about twenty five hundred and then get a balance back up I like it a little crypto as well Teddy man thanks so much talk to you next week have a great one man thanks Teddy 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 eight thirty a.m. to four p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help you make the right moves with your money watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating investors markets can rise and fall like the tides subscribe to Basil Chapman's newsletter the opening call and you too can ride the wave Basil Chapman is an authority in technical analysis his Chapman wave trading system has been helping traders identify trends and capitalize on momentum in the markets since nineteen eighty four TFNN invites you to test Basil's proprietary Chapman wave trading methodology with a monthly subscription to the opening call newsletter for only one hundred forty nine dollars your subscription to the opening call comes with a 30-day money back guarantee as well as daily market updates on key indexes stocks and commodities ride the wave sign up for the opening call risk free today introducing Primal Edge today it's even more important to take a supplement that complements your health Primal Edge is specifically formulated to boost your immune system and help with weight loss better sleep stress reduction and the need to detox our early ancestors found all their nutritional requirements in the wild environment but today our food sources don't contain those vitamins minerals and nutrients that we need to stay healthy and strong that's why we need Primal Edge daily nutrition it includes a special blend of ionic soil based vitamins minerals fatty and amino acids and an easy to use liquid form Primal Edge is powered by highly concentrated humic and fulvic acids nature's preferred delivery system they've been called miracle molecules because like sunlight air and water without them life cannot exist that's right Ellen they ensure we receive all the nutrition we need to be healthy and thrive we take it every morning Primal Edge just eighty nine dollars exclusively at TFNN.com this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of TFNN.com welcome back folks we got the markets catching a little bit of a bid S&Ps you're talking about a ten point pop we just got from the open at forty four thirty we're trading at forty four thirty nine those tech stocks back in the green above fifteen thousand on the Nasdaq 100 you got the Dow off seventy eight points to Russell continuing to lag off about seven points go contract back to seventeen eighty eight and we have crude right now trading at sixty six eighty six and folks tomorrow it's going to be a great day at TFNN we got our man Larry Pezzamento he's hosting his live trading webinar if you haven't been to one folks I encourage you to attend it's two hundred ninety five dollars nine a.m. till two p.m. to five hour session with that you get a month of his Fibonacci twenty four seven trading service now if you're already a member of that Fibonacci twenty four seven trading service you can sign up for Larry's webinar for two hundred ninety five dollars and your next monthly payment is skipped as a result of that so you gain that free month as well Larry's going to walk you through his methodology as he breaks down the live trades that he'll be doing from nine a.m. till two p.m. in there it's a great webinar folks he's done this before we're going to have attendees if you attended in March you get to gain access to this for free we also have a bunch of attendees have signed up for this webinar so it should be a good turnout of attendees in that chat room in there bouncing questions off Larry throughout the day should be a great event folks tomorrow nine a.m. I encourage you to sign up today get ready for it Fibonacci twenty four seven is included as I said that'll be a five hour session tomorrow from nine a.m. till two p.m. Eastern time all right as we wrap up the program some of the numbers that were out as well as well as we talked about lows we talked about target jumping down the line you have Viacom trading higher I wanted to get to as they get an upgrade from Wells Fargo let's see if they've held on to some of those gains there you go up four point two percent strong acceleration for Viacom you also had till right one of the cannabis producers trading higher eight point one percent let's see how they're doing how about a deal one hundred sixty six million dollars in convertible debt of U.S. producer med med med men enterprises Canadian producers cannot directly own a U.S. based marijuana business but till right could be poised to benefit from the deal if and when the U.S. laws change T. L. R. Y. is their symbol given most of it back though these cannabis stocks man they have been getting pummeled canopy down two point three percent as well stay tuned folks we got a market back in positive territory that didn't last long we're going to have a replay next hour the battle's out today but we got fast market in eleven Larry's it noon folks and don't forget about this webinar on the front page T. F. N. N. dot com thanks for starting your day with me we'll be right back