 of T. F. N. N. Power trading hour with your host David White call now toll free at 1 877-927-6648 internationally at 727-445-1044 now David White. And welcome all to another exciting addition to the power trading hour with me or I'd like to come to you at this time. We do. Not working. Yeah. I have to figure out why I am unsure. What else do we have going on today? Well, of course, the rally continues on a baited I thought maybe we get a little bit of pullback before we push back higher 2877 and a half on the SMB cash that's up 20 or 30 34. Points on the S&P dows up to 91 as that one 33 the wrestles up almost 14 13 76. Of course, one of the big movers out here today in the movers and shakers is the dollar Mr. Dollar is down about almost 51 cents 96 and 48 8 is the last take I show and of course, pretty much came off of the around 70 excuse me 97 05 with the jobs numbers at 830 so seeing a little bit of that and of course market feeling pretty good that that heroin of low interest rates is not going away that IV drip that just keeps going but you never know so we'll keep an eye on it but I see launch this again and see if it doesn't work here or if it's not working for another reason and then we'll get to it here but we shall see the following takes place between 2pm and 3pm and we got it working now so you never know anyway, we'll talk about that we'll be with Tom O'Brien at 330 for the tech insider half hour to wrap up the week other than that been a pretty good day, I took some cash off the table today in one of our trades maybe we'll get to talking about that it's just one of those so when you cannot when you have two things and you know you get a little bit there is a little bit of the three bears you get the one that's just too cool the porch just right and then the porch that's way too hot and you get way too hot the old saying is the light bulb that burns twice as bright only burns half as long certainly a nice move off the lows so we took some cash for the tech insider folks we made kind of an ETF out of a sector and last I looked at it was up around on the three stocks that we had about 10% on the day so a good day there and getting confirmation in one of the other long term trades today closing back above a significant level so we bought the dips and at least in the daytime we're selling the rips and the long term looks so good you got to wear shades I love that song give me a call today at 877-927-6648 you can email me at path at tfnn.com and of course you can always put a message in the den but been a good day, been a good week and as long as you're on the right side of a trade here it's always been a good week but why don't we start a little history and then we will move on little doggies history repeating on this day in 1962 the banking institution Credit Suisse known as something that I can't pronounce opens up the first drive-thru bank in Switzerland at St. Peter's Trasse 17 near something Paradise Parade Square in downtown Zurich I've been there I just never spent a lot of time learning the language if you go to Switzerland one of the things that you'll realize is it is a tri-country they speak French down by France they speak German over by Germany they speak English and Italian over by Italy so it's one of those things where depending on where you are at you think well they speak the language of Switzerland well it's a mish-mash and it depends on where you are they used to have or probably still do have a convention for a video production in Montrose Switzerland and of course you always heard about everybody going there that was in the rich and the famous and the jet setters to be going there in the mid-90s you know James Bond kind of stuff going on in Switzerland was kind of interesting no air conditioning there by the way and hotter than 80s mid-summer also you can't get hotel rooms and I was stuck with a guy that literally sounded like a chainsaw going off all night so I couldn't sleep so I made sure he didn't sleep by the end of the week we both wanted to choke each other to bring a room with somebody but just make sure it's not what chainsaw here because I didn't sleep for four or five days the only good thing that came out of it that week was that when I went to catch my plane back which was Swiss air by the way they left two hours early what plane leaves two hours early apparently they do there when they feel I don't know what why so I called up and made a tersely email voicemail to the folks and by the time I got to England or the UK the only plane they had back was a seat for actually for the next day and a half was a seat on the Concorde and they rigged it that was the second ride on the Concorde I got yep you think about taking Latin and it never helps you when you go to Latin America and I never understood that part either anyway as we start off the show here as I said volume wasn't very good yesterday it ended up being a little bit better down again today 3.9 billion shares as we start the show on the CBOE consolidated tape so we're probably going to get some kind of pullback in this market I would imagine maybe on Monday I did do the options curves and start doing it and of course they really start to show you something about the 12th so we're about three days away from going delta neutral for those guys and maybe it'll tell us a little bit more but I think as we've said before it's kind of telling to find out what the option market makers think about the market and we'll talk about that when we come back from the break but make sure and give me call 877-927-6640 the Taz profile 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Steve and Tom will break down the trade matrix market breath, heat grid as well as the three step process you can use with the Taz Profile Scanner to identify market movers and how to capitalize on that move for all the details and to get started at the front page of TFNN.com with a 30 day money back guarantee you have nothing to risk go sign up today TFNN has launched our brand new website you can still visit us at the same TFNN.com URL but when you do you'll see a new and improved homepage with a much simpler navigation whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions we even have new pricing in six months and yearly options check out the new TFNN.com now and experience all the upgrades TFNN.com educating investors call now toll free at 1-877-927-6648 internationally at 727-873-7618 and as we said earlier we'll look at the volumes here on the NASDAQ then we got a couple emails coming in that we want to answer too but as you can see since we got to the low almost 2.58 billion shares for the NASDAQ on June 3 we've gone up for a handful of days volume really hasn't increased you generally want to give about three days but what we're in now is the Great Wall of China where all these gaps which are there actually four of them are right at the level that we're at so you probably ought to think that maximum dynamic pressure for upward pricing probably is about exactly where we're at right now kind of end it just a little bit 7767 earlier in the day and we're just a little off that but if you're watching here in fact I'll zoom in a little bit better you can see all these gaps shown in the Art of Timing straight charts pretty clearly and that's exactly what we're going back into right now another one out here is BYND BYND from Lonnie and the question is what are we going to do with BYND well I wouldn't do anything beyond me ridiculous sessions aside I tell you what you want to do is because I want to talk about Tom O'Brien today with in fact I'm probably going to lead off with it I've been writing about it in the Tech Insider for a few weeks but there's something out there called the hype cycle and maybe that's a great thing to talk about today in the BYND but we'll get into it with Tom in fact I'll change that to the first thing we talk about at 330 but these IPO cycles are not uncommon and in fact one of the recent big runners that we had well big winners we had last year we had to get out of and that was because the hype actually got just too much for it and generally you know that they're way overpriced and what you have to do is wait for them to come back for you a lot of times it may take a year that took us a long time to get back into the ones that made us a ton of money in the Tech Insider actually they were close to 100 100% winner in what 4 or 5 months or something so there are some of these stocks out there but when they have big runs like that slow and steady kind of wins the race if you get a huge amount of money in something like this Beyond Meat thing we'll go through that hype cycle because I think it's a definitely a teachable moment and we'll bring it up in connection with Beyond Meat doesn't mean that the stock is going lower immediately but it tells you historically what is more than likely and we'll do that at 330 with Tom O'Brien what else do we have out here Bonds okay so I watched all that D-Day footage last night quite amazing see what else we have here um rig count down 9 not surprisingly we're starting to see that that's in the United States Canada though was plus 18 for the Baker Hughes numbers so we continue to see Canada going after the rig count much harder than the US I think some of these things were down for hurricane preparedness for the US but every time the price comes down a lot of those offshore rigs don't become economic anymore and they're pulled back in the last couple of weeks of downside pressure on oil has certainly brought that rig count down we're still at 975 here in the United States but Canada plus 18 gives you a little bit of an idea what's going on uh okay what else do we have going on here today okay I'm washing my clothes just making sure we have all these I had a question come in earlier I said I'd answer it on the air and that was Tesla um we had somebody call it was a Tuesday if you'd hold your options into Wednesday or into Friday and I said yesterday I probably would have sold sold them yesterday got basically a repeat action of exactly what you had yesterday but that 210 area is exactly where this gap down happened and you had a lot of volume well yeah I actually had multiple gap downs um now going forward there's still enough short interest to get this thing back up to 240 but my guess is it's going to have to consolidate out for a while to the sideways but congratulations on buying the calls on that I think he bought them when it was around 190 bought the 200s and it went to 210 a good trade but yeah lots of short sellers in that to do what else do we want to take a look at so far certainly in volume the NYSE has looked better than the NASDAQ but on the same point there as we're getting back into previous highs we're going to be a little bit light you wanted about 3.6 billion shares as we got to this level to go back to the volume of May 10th we got about 2.7 billion now so maybe you get 3.1 maybe 3.2 on a Friday but that's still kind of stretching it I don't think that we're going to bounce for a few days we've got some sideways action and in probably into that options exploration on Wednesday in fact we're going to bring that up and I didn't because somewhere along the line I lost my icon and now I've got to sneeze so hang on a minute I better turn my microphone back on now to do what else do we have to do what verses been debug I gotta find my there we go we'll bring this up here do I have time I got about a minute and a half I think maybe I do this thing will actually come back pop back up there it is and get rid of those for a second wanted to get to what option market makers were actually saying and hopefully we got it here again so far they are staying way out of what's happening so they don't have an abiding belief of what's going to happen at least in the spies and that's been pretty accurate last three months but unless this thing really gets above three the spies get above 300 or they go below about 235 this thing's pretty flat about 25 million dollars difference from when and lose for those option market makers but generally you know this thing's kind of a nice little V every month or maybe three out of the four months gives you good idea that people aren't expecting a wide range but anything from heaven to hell but not that much more heaven and always worried about the giant blowout to the downside there just isn't that much money for option market makers lose I think those south we'll be back in a the path of least resistance is David White's daily trading newsletter and if you're looking for active trading ideas then now's a perfect time for a 30 day free trial to this powerful daily trading advisory service David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter using a combination of equity trades along with options for subscribers up to date with all pertinent market information with intraday afternoon updates when warranted don't miss out on this great chance to get a 30 day free trial to David's daily newsletter the path of least resistance with no obligation to pay anything David has been delivering solid recommendations for his subscribers recently and if you'd like to see the type of newsletter he delivers every morning then visit the front page of TFNN and you'll find the path of least resistance under trading newsletters with all the details and to start your 30 day free trial today log on to TFNN.com now with stops and price targets included for every trade in my newsletter if you'd like to try my newsletter risk free for 30 days then head over to the front page of TFNN and you'll find market insights under trading newsletters I use my years of trading experience to bisect and dissect the market every morning and give my subscribers the most important information they need to know for the day ahead I even issue afternoon updates for my subscribers whenever warranted with important market action I'm always scouring the market for the next great trading opportunity sign up for your 30 day free trial to my daily newsletter market insights today by visiting the front page of TFNN.com well go get them folks 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 and we're back I got a question about what I sold and it was the IYT which is the transports we bought it at like $176 and change if I remember right got out today put the order out when it was around $184 and one of the things that pay with $500,000 shares we got about $158,000 now it doesn't mean that it can't get up to $187,000, $188,000 or something but my guess is that is so when you can not when you have to so if this thing brought pulled back about $180,000 which I think it can then maybe I get an opportunity to buy it again but you make a lot of money real quick and a lot of the stuff that we're playing with you want to take some money you don't make any money until you take that money it's all an example we had some more emails here a little yesterday and today and I wanted to talk about this I didn't get it yesterday but I want to I'll go ahead and do it now because we've got some time but I'll get it up here we were talking about how I'm starting to think a little differently about making long-term predictions in the stock market yesterday we talked about what I learned from the godfather of machine learning or artificial intelligence I call it machine learning he does too I think it's a much better description of it but you want to kind of trade like you're driving in fog and that is you don't want to get too too into the idea that you can drive off the other person's tail lights in front of you that's how you get the highlights out on the highway and so you just kind of know that maybe somebody's up there but you don't need to be closing in on them you need to make reasonable I calls but there's a great part in a speech at MIT that the author of Jurassic Park and so many other great novels and he's a producer a real renaissance man Michael Crichton but in I think it was 2003 he gave the speech at MIT and it was a lot about what people thought about global warming but making predictions and this was probably the best way and he's a great author and I'm not so I want to just this little part about what you know and what you think you don't know but then you put this remember people in 1900 didn't know what an atom was they didn't know what its structure was they also didn't know what a radio was an airport or a movie or a television or a computer or a cell phone or a jet an antibiotic a rocket a scientist a satellite an MRI an ICU and IUD what IBM was an IRA an ERA an EEG an EPA an IRS a DOD a PCP an HTML or internet or interferon instant replay remote sensing remote controls speed dialing gene therapy gene splicing genes at all spot welding heat seeking bipolar prozac leotards lap dancing emails tape recorders CDs airbags plastic explosive plastic in general robots cars liposuction induction super conduction disk antennas stepper obics smoothies 12 steps programs ultrasound nylon raylon teflon fiber optics carpal tunnel syndrome laser surgery corneal transfer transplants kidney transplants aids none of this would have meant a one thing to a person in the 1900s and I'll finish this thought up with a quote about predicting the future the greatest obstacle to discovery is not ignorance it's the illusion of knowledge we should know that there are stuff that we do not know unfortunately I think far too many long term predictions fail because they do assume that everything is going to stay the way it is and if there's anything that we know is that discoveries new new ideas tend to breed and they tend to breed bigger and faster as time goes along progress is not slowing it tends to be just running along at a break net pace that will not stop so I think I can look a couple of years ahead I don't think I can look five or ten years ahead maybe five if I'm lucky but you know what you just kind of sit down that path go down there as long as you can in the markets and you move ahead quick question about Microsoft I haven't looked at it today getting back up to this level but again not a lot of juice you need 38 million shares today you're in it with about 24 million shares so far today take a quick peek at Amazon it's back up into this gap that had some decent volume you're doing a little bit better than one would think 1805 78 for the high in Amazon today in FLX nice little pop and you're just back in Netflix into this big candle I said converted hammer hammer time back from the 22nd of May that had 6.3 million shares today you got 3.4 million shares so far you know what you have a huge run you've had it in a matter of a few days and now you're tipping off back into previous size on very light volume and that's where you start kind of hanging out over the edge of the building always makes me a little nervous but what I say sell when you cannot when you have to is I can buy fairly well at the lows and know that I've got fairly good risk reward at the highs it's hard to tell because everybody's playing a game of chicken and thinking that yeah I can buy it and sell it for just another dollar higher and there's always a bigger fool as we have found out at the beginning of May that didn't always the way it works out I've got more emails here what do I think of IBM's laying off 2,000 people well they've been laying off people for the last 5 10 years haven't they again I don't think you got your bounce off the low but long term I think there are a lot better plays out here their ability to make money in quantum computing is basically what they're betting the company on and you know it's tough when you're in this kind of business and a legacy provider like international business machine to bet your future on a single outcome they've done it if there's a company that can do it it's IBM they've done it 4 times before over the last 100 years but again eventually one of those days your luck runs out they tried to get into machine learning and a lot of people cut them off at the pass and now it's down to quantum computing and high speed computing and I don't know if they can make it either too much of a gamble for me I wouldn't short them but I wouldn't be long either we'll be back in a minute the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four-year CD in the country as of February 20th is 3.1% a $50,000 investment at a normal four-year CD rate of 3.1% would give you income of $1,550 per year or $6,200 over the four-year period that same $50,000 investment would give you $3,500 per year or $14,000 over the four years what should you prefer $6,200 or $14,000 of interest on your investment if you'd like more information about the target first mortgage program you can call me at 877-518-9190 that's 877-518-9190 I'm a trader looking to gain a competitive informational edge in today's markets TFNN newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk free for 30 days from all aspects of the markets including stocks, bonds metals, 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subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor 4-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 and hit watch Tiger TV that's TFNN.com and hit watch Tiger TV and we're back just keeping a close eye here on the volume see if it picks up at all we got 4. and a little about 4.2 billion shares and that's with about an hour and 20 minutes left in the trading day of course you get a little of that back ended but I'm going to say 6.3 billion shares which is going to be fairly significant in giving a signal I suspect that I will have a bunch of stocks that I have tested previous size on light volume or gaps we'll go through those on Monday but again you've got kind of a bullish bias going into options expiration that starts on Wednesday so if you're thinking about probably pulling the ripcord and going short I think you're probably looking after the 21st but we'll know a lot more about how the options close in the next couple of days for what I'm doing I'm kind of pulling back on the stocks that I made some big money on or made good money on let me put it that way and we'll look for any of these stocks that pull back with light volume and get ready to start ABC's on the way back up as the last couple of weeks I've said I've been rather at least sanguine on the downside and if not outright bullish optimistic on the markets and on the economy as a whole we've kind of pulled back a little bit on the jobs numbers but again this is exactly where if you're the president of the United States you have some ability to manipulate the markets what you want to do is get all the excess out before the last year into the voting booth and so or what about what 16 months out 16 months is that right let's say 14 months 15 months you want to get everything rung out of the market you want to get the people that shouldn't be in certain places with their cash out of it and into places that actually are going to make money and move the market higher and everything else one of the other things that's been on my mind for a while we've talked about it a little bit about the idea of sector rotation and again you've had some very long runs in Microsoft and Amazon and the rest of these most of them or at least some of them are going to go up against federal trade issues in the coming months and I just remembered that I want to say it's June 4th of 2001 maybe it was July 4th in 2001 when Microsoft had its antitrust regulation come out and the thing for a big cap you just don't expect big caps to drop 30 or 25% in a day on what they're doing now of course within about a year that it all been moved aside but at the same time as a trader if you're getting into a stock the market's already looking rather south are you want to hold on to it for the next 10 years until you show a profit and that is where the tough part is I suspect that not only Amazon but Facebook and the rest it's one of those things where you say news doesn't really matter until it matters I think we're getting fairly close to the point where it truly matters for companies like Facebook the articles are fairly damning and a lot of these cases have been kind of settled at least what branch of the government is going to go after these guys in Facebook's case it's Federal Trade Commission and that's just kind of like an onion these guys pretty much lied to Congress so there's not once they get past some of the horrific things they did with your personal data and lied to you about it it's going to be them lying to Congress and everything else question is just how far is that going to go the issue with Microsoft was pretty straightforward where they destroying the market by putting their own browser in it that was pretty simple straightforward this is almost pervasive like a Reco case and how many different ways that you'll be able to go after it let's see what the Mao Zuckerberg stock is doing today I forgot to do that it's up a little bit but of course it came off the 198 down to 16084 I got some emails asking me to think about this for a while and if there's a stock that looks fairly horrible out here on the bounce it's certainly Facebook you had this huge down day with 56 million shares you're up on 12 million shares back into that the high on that Mike in Toronto how you doing Mike are you there? Do you hear me? I want to look at Samofo the gold stock in Africa S-E-M-F-F okay I don't have I don't have access to that right now what's your question on it? Just a technical chart seems to be breaking out just thought you might know something about it No but I wouldn't be long any South African gold stocks South Africa it's Central Africa the second one is Sanstorm Gold ticker symbol S-A-N-D 2-2-K What do you think about it? Back up to resistance you needed about 2 million shares you got a little over 2 million shares got 1.9 so it's not bad are you long this already? I'm watching it Well you probably would like to if you wanted to get long this thing about $5.35 we want to see this big candle from the 31st you want to see it go in there and give try support have no volume and close back higher but if I was watching this $5.35 would be the place where there would be some decent risk reward I don't know a lot about the gold stocks I wanted to go back to that a second at least in my opinion in South Africa they're killing farmers right now white farmers to take their money it's not going to be any different than all the other countries out there that have decided to go that way in Africa I would just be very careful about having anything in South Africa and that's in South Africa but that's from could you go back to all the way back to 2012 in that chart? what do you think do you think it's got a low volume high from 2012 I mean realistically what pivot point would you look at for a confirmed breakout? well you need to see the gold market itself kind of breakout here and you're still in a bigger trading range so that would be the first thing until you see a real break above it let's get the current pricing out here on gold up $5.80 $13.4850 you're kind of close but you want to see a sign of strength as it breaks above this level that probably would get you $7.69 on sans form gold if you get it if you get gold moving $7.69 okay thank you we'll be back in a minute wrap this up I'm certain you are or strive to be one of the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of Mastering Probability and for the last 12 months Timer Digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months Timer Digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I teach you step by step how to use an extraordinary set of tools as well as provide great market calls too sign up today David White's newsletter The Technology Insider is focused like a laser on finding the next big things in technology if you had invested only $10,000 in Microsoft in 1986 you'd have been a millionaire by 2000 Disruptive technology like Microsoft is the key to these massive long-term profits and the Tech Insider is the vehicle from TFNN to capitalize on these opportunities This is the go-to newsletter that identifies monitors and profits from unknown cutting-edge companies with great long-term prospects David's experience is as an inventor of Emmy-winning animation products for TV and Hollywood that propelled a company public Match that with 14 years as a full-time trader and he's uniquely qualified to guide you through the light-speed world of ever-evolving high tech If you're ready to ride the next big technology bull market for less than $40 per month, log on to TFNN.com and get your two-week free trial to the Technology Insider and get in on the ground floor of the next big thing today Basil Chapman has a special subscriber webinar coming up Wednesday June 12th at 5pm called The Tide In this webinar, Basil will be demonstrating techniques that can help one identify whether the tide is coming in or going out. That is, whether a trend is bullish or bearish in a variety of timeframes and Basil will be speaking specifically to indices, currencies, commodities, interest rates and key stocks. The technical tools that Basil will be discussing are available on almost all software packages that will be shown in historical context as well as live for current market setups. Identifying the key trend allows one to trade with the tide rather than against it. Subscribers also gain immediate access to three archived workshops so you can get started right away when you sign up. For all the details on the opening call and Basil's upcoming subscriber webinar, The Tide, this coming Wednesday, visit the front page of TFNN.com and sign up today. Catch Tom O'Brien, professional trader and educator, founder of TFNN, also a special guest on CNBC. Tom will bisect and dissect the markets. The Tom O'Brien Show, next on TFNN. And we're back getting ready to wrap up the show again. We're back up into some gaps. We've got kind of the wind up for options exploration with Delta Neutral Day next Wednesday. It's kind of a nice month and you do have a lot of time. So I'm going to say you want to keep a kind of close eye on this. Market makers are expecting maybe a little bit higher and probably you know a 50% or 70% chance of a little bit higher, but very worried about taking any kind of risk to the downside. In the den we have a question about what do I make of Federal Express and UPS and some of these other transport companies. And I'm going to say that for the greatest extent this downside is a couple things. One and probably the major one, Amazon getting into the business. These guys were making huge amounts of cash transporting Amazon stuff around and now Amazon is doing it directly. Now the good news if you want to be patient with these companies and that is wait for these things to come around that antitrust is probably going to get rid of the vertical company and their ability to transport and deliver their own goods. That's probably the easiest thing for the government to go in and shut down for Amazon. But in the meantime, next probably a couple of years, it's going to be tough. FedEx is having to go to 7 days so as UPS in delivery, these are unionized companies and it's very expensive for them. If you see the little white vans around delivering your Amazon packages, those are local jobbers, they got no medical, no union, and that is what FedEx and UPS is competing with. I don't see a real bright star in the horizon for any of these distribution companies up against Amazon until they get their hands slapped by the government. I'll catch me at 3.30 with Tom O'Brien so when you can, not when you have to. See you Monday, same bad channel, same bad.