 The following is a presentation of TFNN. The TFNN Bull Bear Training Hour. Every training day, live at 10 a.m. Eastern. Call now, toll free at 877-927-6648 or internationally at 727-873-7618. The TFNN Bull Bear Training Hour. Now, Tommy and Tommy O'Brien. Welcome folks, appreciate you're growling a problem with us out here. We have the Dow Industries down 83, Nasdaq is up 8, S&P's the flat, Gold contract up $7.20 straight in $14.28. You get Silver up 19 cents, $16.66, Light Sweet Crude up 39 cents, $57.17 a barrel, Notes and Bonds, they just won't give it up folks. You get the 10-year note up 9 ticks, $127.20, 30-year up 20 at $154.29. And the kicker here folks, is that every time that they pull back, you get light volume, you get small price spread, when they go forward, and like today the S&P is shaking off, the negative wants to go higher, is going higher, and Notes and Bonds are still going higher. That's a heads up in a big way. Kingdollar, Kingdollar got over its highs, and yesterday it got right next to its high of $977.15 and gave it up. Let's see where that baby's going to go. We get the Euro trading right now at the 111, the yen is at $107.98, and the pound is out here at $125. So the pound's getting some action on the way up. The Euro is the one that got smoked yesterday, when, you know, well, it's been getting smoked for a while actually. Yeah, right? Yeah. Let's go over to our M.M., Mr. Kevin Hinks at TD Ameritrade, Linkless Swim, as we do each and every Tuesday, Wednesday and Thursday. And don't forget folks, every trading day right here, 11 to 12 Eastern Standard Time, you want to understand option, option strategies, futures, outstanding program. If you haven't test driven yet, the Think of Swim platform, really easy to do. As you're at our website at TFNN, you just hit that banner, bring it up. Delight of trade of paper money, every trading day right here at TFNN. Kevin Hinks, what's going on? Good morning, Tom. Good morning, Tommy. You know, it's just another slow summer day, kind of a lethargic trade here. You know, I don't know what we can look at. No, not exactly. I mean, there's politics, there's business, there's breaking news, there's earnings, there's economic debt as light, but later on in the week, it's going to get pretty heavy in terms of some economic data. So if you like trading and you like movement, these markets are giving you everything you can handle and more. And then we got oil numbers in a half hour, so you gotta come on and just do, Kevin, why not? And listen, folks, Texas Instruments folks, Texas Instruments is up nine and a half dollars, okay? You're talking about number one, a monster company. It's blowing away a consolidation that it's been in since January of 2018. You know, Kevin, yesterday when these numbers were coming out, there's quite a few of these equities that are blowing away a monster consolidation of almost a year and a half. Right, well, think about it, Tom. When you talk about especially the semiconductor sector, right? What happened in micron yesterday? What happened in Texas Instruments? Traders are starting to look forward on these to kind of getting through the inventories and really a better, remember, when everyone was talking about the second half of 2019 being better for all the semis. And then they kind of pushed that out to 2020 with some of the inventory news and things like that. Now it looks like those with micron, the action in that stock, and now Texas Instruments earnings. It looks like some of those days are getting pushed back into 2019 in terms of a recovery in the semiconductor sector. So, you know, stocks are forward-looking and people are taking a good hard look at these names. Big time. And you know what's amazing, what you're saying, Kevin? Over the course of years, it seems like the chip stocks are really almost commodity stocks, right? Yeah. Every single time that they go down to the doldrums, right? It's like, well, they're down to the doldrums and things have changed now, okay? And then you give it six or eight months and they go exponential again. I remember the first time, you know, years ago when I was first getting in the market, I really didn't know what Intel did. And folks, believe it or not, you know, in the 80s, Intel would go low, do you know what I mean? And then it's like, oh, you know, it's really low. They're not selling enough. And then it's like, are you kidding me, man? And then six months later, it would go exponential again. I mean, it does those rounds, right? And more people, more machines, more chips, right? I mean, this is a story of good companies with bad news getting beat up for traders and investors. These are some of the ones you should be looking at. I mean, when you're talking about a market at the all-time high, people are looking for sectors that are beaten up and maybe have a chance to outperform, right? Everyone's chasing yield right now, right? So people are looking around for what's cheap and what looks cheap. And there are some, I mean, three, six months ago, the semiconductor sector was in tanners, right? Down there and beaten up and there was no outlook for positive. Yeah, 50% down, you know? Right. I mean, you know, you think about that. You're seeing some of that in retail right now. Yes. If people are betting against retail, I mean, look at some of the yields on some of these retail stocks. Nordstrom's over 5% dividend yield now. So, I mean, some of these stocks look awfully cheap based on the rest of the world and what we see, unless, of course, they're absolutely going to zero, which, frankly, I don't think so. Yeah, I don't think so. You know, what you still see, which is pretty amazing, I forget what company was, but you have, I might have a Nordstrom, actually, they're putting 500 million into one store. I mean, it was like, what? Those types of numbers, it seems that they make much more than just the top of my head goes. I mean, when you can invest that kind of money, it's like, okay. Think about this, Tom. We were in the area yesterday, Oliver Renwick and I, as that news broke about the Department of Justice looking at some of these companies. And they didn't name names, right? Right. But when you talk about social, you talk about search and you talk about retail, guess who you're talking about? Right? You're talking about Google. You're talking about Facebook and you're talking about Amazon. Yes. So that's going to put a blanket over some of these names and some uncertainties, even on a day where Facebook's earnings are coming out and you know as well as I do, all they do is make money. Oh my God. But they've got risks going forward. I mean, some of the things they came out with, with their fine today, Mark Zuckerberg has some downside if you go through some of the details of this report. And what Kevin's talking about, folks, is that he personally has to sign off every quarter that he is doing everything that each and every one of us have privacy. Sure. So it's like, I have no idea how he could ever do that. It's like, really? Yeah. I mean, can you imagine the responsibility trying to sign off on that? No. Whoa. Particularly because he's the kingmaker anyway. Yeah. I mean, he understands that whole thing more than anyone. And you know, when you take a look at it, it's like, okay, it's definitely part of the business plan. So. And think about this, guys. Just, you know, we don't like to talk too much about politics, but, you know, the democratic part of our government is a little more into regulation than the Republicans. But guess what? With these firms, Republicans are giving them no shelter or comfort from this. So they're under a full court press. Well, see, that's what I... I hope so. They should be. It's so cool about this. This is what, you know, I always say that politics is the worst shocks, right? Financial is right there though. Once you get into the financial, then there's no coliseum in. Right. Exactly. You know what I mean? It's like, they've put probably too many firms out of business that have big dudes also. That's, you know, so, you know, it's going to come back. There's no doubt, man. Listen, folks. Right here. 45 minutes and up. Now, outstanding program. You want to understand options, options strategies, futures. Outstanding program. Kevin, you have a great one. A safe one. Of course, we look forward to the program. 45 minutes. Always... Thanks for having me out, guys. Thanks so much, Kevin. Stay right there, folks. Tommy and I are coming right back. We have the Dow Industries down in 72. 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I was like, man, I'm never going to be able to talk about everything we have going on this morning, not even getting into the broader, just the stocks that are moving from their earnings. Right. So with Texas Instruments, now I get this on a weekly, so let's see. That's 34 million and we're at Wednesday, right? We are. That's 16. It'll be close. You never really know what today's going to add as earnings stays an anomaly of its own, so... Now, another way to do the price projection is to just take the top and the bottom of the consolidation. So the top of the consolidation is 120. Okay. The bottom out there is 87. Okay. So let's just call it 88. Yep, 22. So... 22 on... Well, that's more than 22, right? Yeah, 120. Okay, at 32, thank you. Yeah, so that gets you 152. Okay. And this is quite a move, man. Yeah. What happens, folks, if you get a consolidation, then you get a move like this, it's just much more powerful. Sure. So that is one big number. Oh, we'll go to Snap. Snap is finally over... Yeah. ...its IPO price by 25 cents. Look at that, it's underneath it again. We went into some of the expected one-day moves, right? Yeah. I think Snap was like about $2.15. So huge move, but if you're thinking, oh, man, why wasn't I making money on that move? Right. This is where, man, it makes sense. Watch that fast market right after our program. Right. Because I think that was pretty much the expected move. And that would have been built in the option market. Yeah, you know, the one-day move, too. Right. Basically, the earnings move. Right. So if you had played both sides... Yeah. ...so you were playing a volatility trade. Yeah. So if you just played a bullish pop, yeah, you could have made money, okay? Yeah. But if you just wanted to play volatility and you wanted both sides of it, it's actually, I think, under the expected moves. You might have lost money on a move where it's... You're talking about 15%. Right. So... Now, the cool thing here for Snap is that it's an ABC up, you know, even already. You know, we already got 165 million versus 123. So that would get it somewhere around 20 bucks. What is the... No, no, no. Sorry, I wasn't... 1896. Okay. I was just... What is the low we were talking about before? You said six. I thought it was six. No, 496. Look at that. 482. 482. And I believe that was right around when earnings are coming into on earnings as well, maybe December. Let's see what they have, though, in terms of... Let's see what their revenues were. I still lose the money. Yeah, that's why it's like... This is still a story to be... Oh, okay. Oh, don't you need... I just... No, I just wanted to see what their actual revenue... their numbers, you know, to see what kind of growth and so forth. So they just took in 388 million up from 320. Yeah. You know, I know there was some... They had some cool filters that were out there that they talked about, right, driving. They talked about it in the chat. Go ahead. You want to go into their earnings? Yeah. They had... They kept talking about they got the... Androids. Androids. That's it. Okay. That's... And I don't use Android, so I have no revelation to that. Average of 203 million users logged in daily. That's pretty cool. So 191 was the estimate. That's a huge... You know, that's... If you just get people, right? Yeah. That's all that matters. You figure out a way to monetize them at some point. Shares jumped 13%. Let's see. Upbeat forecast. Daily users of 205 to 207 in the next quarter. Turned optimistic. Let's see what we got here. Net loss. There we go. Narrowing to 255 million. So much money. That's a billion dollars a year. Quarter of a billion in 90 days. Right, exactly. You better be... Now, they lost 350 a year ago. So they trimmed it by 100. Pretty well. It is. Let's go see what else we have out here. Well, we know we got chipotle too, but let's see what else we have. So, oh, it looks like Sprint. That deal's going to get done. Sprint and T-Mobile. Okay. That's up 50 cents right now. You get micron up 98 cents. Texas Instruments, the big one. Caterpillar came out of the earnings. They're down. iRobot. Okay. This thing gets smoked. And you can see IRBT. IRBT. This is the Rumba. Oh, okay. We're not buying enough Rumbas. This is the second one. Is that the, like, vacuum or the self-driving van? Yeah, exactly. It runs around by itself. Right. Okay. Robots of vacuum and wash tools perform... Wow, what is this? Talk about deviating, though, and perform battlefield reconnaissance and bomb disposal. Oh, yeah? Oh, geez, they're working. Yeah, no. Do they do even more than that? Yeah, I guess they do a little bit more than that. Yeah, that's... Like, what's the percent? You got a little automated, you know, robot, right? Yeah. And you'll see that this thing, once again, I think it's $155. I was looking at it. Not $155. Talk about some volatility in the last couple years. Yeah, $55. $55 is sticking out now. Now, companies like this, right? Like, so let's see. They're a $2 billion company. I just wanted to see what they actually, like, are taking in, how big they are. They get some growth. They do. It's just something where I see, like, why can't anybody make that? Why can't you have a generic knockoff target version Rumba? Right. You know, in terms of they're at the stage, anybody can make a robot that just runs around your carpet and picks up. So I just, maybe that's kind of some of the heat where it's taken as they struggle to grow. But those numbers look good, man. They got growth. They got profit growth. And they're getting taken to the games. Not enough though. Well, you know, it's wild about this. It looked like the market wasn't believing what they were saying, because the earnings per share number went up, but their gross revenue went down. Okay. And that's always a problem. Yeah. And what happens, folks, the market will not believe that. Yeah. There you go. So yeah, they made 25 cents a share. They were basically almost about to break even, right? It's supposed to be three cents. Yeah. But where's their revenue? There's their revenue. Well, even, yeah, I guess that's good enough. Fiscal year revenue is going to be under 1.2 to 1.125. They were looking for 1.28. Maybe click it down. Yeah, there you go. 260 million in revenue. 268. They're supposed to take 268. They're saying, okay, how did you make 500% more than you were supposed to make? Yeah. And I saw, right, and I saw the headline that might be slow as trade wars, whatever, and you know, basically what if you see the writing on the wall as a company that you're going to really lose some sales? You cut a lot of costs. Yeah. Well, that's fine for 90 days. What do you do in the next 90 days when you can't sell anything and you can't sell anything? Right. So did Boeing actually come out? They sure did. Oh, cool, okay. So... Worst loss ever, I saw a headline or something. Oh, really? Yeah. There it is. Okay. Well, they went from an earnings per share number, $1.98 to a loss of $5.82. Okay. That's a number. It sure is. They're lucky that there's only down to that much. Yeah. That's pretty wild, man. That's not... They're not getting smoked for what could be happening here. They're burning... Let's see what they're saying. They're burning a billion cash. Boeing burned one billion in cash during the second quarter sign that the strain from the protracted grounding of the 737 MAX... Well, you know, a billion... They're going to end up burning more than a billion, man. So, yeah, they're studying investors are looking at the performance compared with last year's $4.3 billion free cash flow gain to gauge how badly as in, you know, compared it to how when times were good and they were just printing billions. So here's... Let's see, all commercial aircraft. And is this what they're delivering maybe? Yeah, I'm trying to look. Either way, let's pull up the chart. So I think they were down about 1%. Yeah, down about 1%. Nothing too crazy. A lot of that probably priced into that thing. Pretty intense. You know what? We've got oil coming up. Let's take a quick look at that market before we come into the number, all right? Yeah. Just to see where we're trading at, we're going to come into the number. So we've got EIA inventories. We'll pull up the estimates. We're trading at $57.23. I pulled this back to last night. Where's our volatility on the... And you know what we had? We had a drawdown last night, but you had a build inside gasoline and distilled. So I want to show that's where the API came out of. Okay. And we're not far off from there. That's right. That's right. You know, it was a little bit of a surprise, but we'll see if this whole DIA comes out. Stay right there, folks. Coming right back. Hi, folks. Tom O'Brien here. 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Not that long ago, we had a 54-handle on oil as in quite a run of volatility. We'll see how that market shakes out. $57.50, and we were just at $56.80. Not that long ago. Wow. Yeah. Let's see what the market is doing. We're going to get to the story, folks. Speaking of commodities, man. You've heard the story, but this is like wild, man. So that's where we're at. The market wise, we get the Dow down 86, back up 11, S&P's flat. Speaking of commodities, how about the commodity of cocaine? Yeah, the commodity of cocaine, and the shipping, exactly. Man, this story. What you have here is that inside the shipping's wrecked cocaine bust. When you hear this, this is like wild, man. Just the gall that they go through, right? Yeah, totally. So on June 16th, the MSC Guy Ann was making its way into the Delaware Bay for a stopover at the Port of Philly when it was greeted by boats carrying a dozen U.S. armed customs and border protection and other federal agents. In the waters, agents climbed aboard and I guess they look at these containers to see, you know, the seals, right? The seals, yes. To see if the locks on the steel containers were intact. The seals didn't look right. They escorted the boat. The fleet that handles a significant share of the world's seaborn trade. It's owned by JP Morgan, by the way. And so sorry, I just lost. So the Port of South Philadelphia, early in the next morning seven of the boxes were X-rayed and open to reveal bails and bails of cocaine. It took them a week to weigh and document it all in all. Nearly 20 tons of cocaine on one ship. A ton's 2200 pounds, right? Yes, it is. Correct. And that's where they have almost 40,000 pounds. Basically, you know, it's remarkable. $1.3 billion They're talking about that. The largest seizure in the 230-year history. And so this is really where it gets interesting, right? In terms of we were reading through this whole article. It's absolutely wild. What it is, too, is the gall and, you know, like just... So it sends shock waves through the shipping world. It hit operations at one of the world's largest ship operators, rattled an arm of Investment Bank, JP Morgan, that owns the ship and raised questions about the security behind a business that on any given day there's millions of containers moving between the world's trading nations. And so smugglers have long used small planes. We all know these stories, right? And boats, trucks, etc. But so many ships go unchecked and other smugglers bring along container shields that look very close to the original ones, alright? So interviews with people familiar with the investigation for the affidavit that says, you know, how did they do this, okay? This is it. When did you hear this? According to the affidavit the MSC Guyane was approached twice by more than 10 boats in total while it sailed at night. In the Pacific Ocean? Yeah. Between Chile, Peru, and Panama. So they have 10 different boats pulling up to this boat at night. The ship's crane was used to bring the drugs on board two crew members stuffed the bales into containers holding other cargo. One crew member operated the crane to bring on numerous bales of cocaine that were wrapped in netting along with bales of cocaine were replacement seals which would be utilized in the containers. They need some better replacement seals, I would bet, and they were paid $50,000 each, the two crew members. Now, it goes on to state that I think there were eight people arrested in this, and that's what we're saying, you know, there is a skeleton crew at night on some of these ships. I think the ship itself only carries 23 people even though it's that big. Sure, sure. And at night when you're just sailing the boat's doing most of it anyway, you just need a couple of people on the deck probably making sure that everything's going well. And that they stop, maybe they don't even stop in the middle of the ocean and you get boats coming up and they think they're not going to get caught. But they've probably done it a million times. We only know when they do get caught, right? That's to say that I, I bet, um, the, yeah. And it looks like, now when we're reading this, it looks like folks that the destination wasn't even the United States, right? The destination was Europe. So Philadelphia was, this boat's only planned stop before the ship was due to head across the Atlantic Ocean and it was called in Rotterdam, the Netherlands, Antwerp, Belgium, Le Havre, France and the, you know, authorities believe European buyers were ready to take the cocaine distributed. So yeah, and, and shipping executives say the ship's role in one of the few South American services that connect to Europe. So you're going from South America, you're getting that to Europe. There's not many avenues that probably go especially when you're talking about shipping 40,000 pounds of drugs in one trip. I, I, I have a hard time I'd love to know like what is the next NACO movie we're going to see that send in this kind of month? They gotta have, they gotta have content creators at Netflix getting ready to make that, I hope so. I hope so. I want to see it, man. I do. Eight crew members have been charged and are being held in the U.S. Another 16, including the captain were allowed to leave Philadelphia, so eight are held that they aren't letting go. Yeah, so there's 24. And the 16 including the captain, they probably couldn't prove or weren't sure but at least eight of them they're not letting go. Now they may lose the ship, too. This is only a two-year-old ship. The world's second biggest container ship operated by Capacity Faces losses after paying 50 million in cash and bond to release the vessel after it was held for nearly a month and then it's saying the U.S. attorney in Eastern Philadelphia says the plan to seek permanent forfeiture of the ship and the ship's a 90 million dollar ship. It's only two years old. They picked a good ship. If you're trying to get 1.3 billion dollars of cocaine through the system you make sure that ship is running well. It is crazy, man. It makes your mind spin for sure. It does. And I guess it would kind of make sense when you have that much trade going through it's going to be really hard to catch everyone and if they get one package through you've managed to get 1.3 billion dollars worth of your product into Europe. Pretty crazy. Anyone that lives in a major port city just get out and look at the containers in your city. Never mind containers at major ports. We got them in Tampa. I mean, I see it. Tampa, Boston. I saw them in China. I mean, forget it. Tampa's small compared to some of them. But even Tampa's huge when you... So checking back on oil, seeing where we're heading. We're coming into that news at about $57.20. We're trading higher $57.59 currently in the price of that crew contract and I wonder if I still... we'll pull up the breakdown maybe after the break of all that oil breakdown, but higher prices. Yeah, let's go to Exxon. We'll see. Let's cut a little bit here. Yeah, let's go. We got still having a high time getting the price. I mean, it's up $0.50 right now. $0.57, but these... Not Chevron. Exxon, different ball game. Chevron, CVX. You know, Chevron is much stronger. You know, the difference in this chart is pretty dramatic. You know, it's laying at its highs. You know, the high out there is $135 here at $126. Okay. And we're bringing over to... none of these guys that have to worry about making money, but the difference in the structure is quite a bit. Yeah. You know, down 25% from its high. Yeah. Even really. That's $30 off $75. It's big money. Yeah. And as in, that's like almost 40%. And watch. So you got Revenue, $65 billion in Exxon, $65 billion in 90 days. With a B. Yeah. And $40 billion in Chevron. Okay. How about speaking of crazy valuations? How about Beyond Meat? What are we doing today? Oh, look at this. This is not stopping, folks. Okay. So today we got to get... What's going on, Carl Payne Fox again? We got to get Duncan Steep, give us a call, man. They're doing business with Duncan Donuts. That's the news this morning. Okay. Duncan Sandwich. Yeah. The food company that's seen the stock price raise 100%. As not another fast food client Duncan will offer Beyond Sausage breakfast sandwiches at 163 restaurants in Manhattan. Stay right there, folks. Tommy and I will come right back. If you're in the CD market and looking for a secure investment, the Tiger First Mortgage Program may work for you. 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Let's go over to our MMS, the Teddy Keg Snack and as we do each and every Wednesday at 40 past the hour, you can reach Teddy every trading day folks at 4X-trading-unlocked.com that's 4X-trading-unlocked.com you want to understand currencies, you want to understand cross rates, you want to get a great education. That's right. We love it. Each and every Wednesday, each and every day he's out there for us. Teddy Keg Snack, what's going on brother? Morning, thanks for that intro guys. Morning Teddy. I told Tommy in the middle of the week last week. You're going to get him studying man. You got me going man and I love it. Because you know what happens. We got a lot to talk about today then. Where are we going? First we have the central bank marathon that I think everyone needs to be aware of. This week, the whole week, especially tomorrow, a very big ECB meeting. Then we have all the other central banks basically for the next two weeks that are coming out with either speeches or meetings and we definitely have some potential interest rate cuts on the table. Today the Euro was definitely impacted by the manufacturing numbers. Germany had its worst manufacturing numbers in seven years come out today. That's a big deal. Yeah, interesting. Huge deal exactly, especially with tomorrow's ECB meeting. That Euro, it's pressing that bottom there, right? It breaks that bottom is really going to be in trouble, right? Absolutely, absolutely. All that's going to come into play now because today we had Boris Johnson. He's now the new Prime Minister of the UK. So we have today with that, now we have these numbers that are right in front of the as he's taking control of the leadership they have a group from the EU that's coming to the UK to talk for a week with him about the Brexit deal. Can you imagine being in that room? Yeah, exactly a lot of nothing, absolutely. But with the ECB meeting tomorrow and these manufacturing levels I think that quantitative easing was something that we thought was going to happen in this meeting actually coming up tomorrow. Now they may actually cut a quarter point. So there's a good chance of seeing some kind of shake up with that central bank and then other central banks to follow over the next week and a half. Because Germany was really strong with these words last meeting and then if they're getting bad data since then, right? I mean that is pretty substantial. And Germany's the powerhouse over there anyway, right? So if Germany's coming down that's trouble and paradise flat out, right? And they're the biggest exporter out of the EU and so since they're export driven seven year low for production that's not a good sign. Not the booming market everywhere else. Pretty wild man, absolutely. You know what do you think that I was watching that Euro yesterday I guess it has to do with manufacturing I was surprised that the Euro was getting slammed more than the pound yesterday. I guess the market already knew that Johnson was going to be the dude, do you know what I mean? But it was really intriguing. Every time I keep looking at that I keep saying to myself it might not be that bad if the UK just decides that hey we're going man and you're going to make a deal with us. Pretty interesting you mentioned that because you're right the Euro had broke a little bit off the number this morning came back it's been down for a couple sessions but there's not much of a move going on. The pound however has set a short term bottom today they're up on Boris's inauguration or whatever you call it over there. So that's positive so the pound factor in the dollar index looks like it might be stabilizing whereas the Euro looks like it's going to lay on support a little bit so it's a little bit choppy with that but since you brought up those two currencies if you look at the Euro pound across right that market took a nosedive today. Interesting okay so the pound versus the dollar is gaining strength and probably I think over the next week or so because it needs a correction anyhow for it to rally it's been going down so hard for the past few months that it's set for a little bit of a pop you know nothing big but just a little bit of a profit-taking move you know. That's quite a chart. That is I just put the Euro pound across right up yeah and that's been going up for quite some time so last week and a half you go have it going south. Now okay so explain to us right now so what exactly does that mean? We got the Euro so right now it's at 89 cents yeah and so it's going all the way from what 85 cents since about April so has that been a strengthening Euro versus the pound Teddy? Correct yeah I see okay the only reason I really guess that quickly the pound has been in trouble over the last month and a half right with everything that's been going there so they should be weakening as it's been falling apart Theresa May's been out that would that would make sense still quite a move man definitely I get it and now that might be showing the actual turn because yeah the pound dollar has started the show kind of a bottoming thing but this market all of a sudden it's blasting down pretty cool breaking through support. That is cool that's I get it those relationships man pound strength yes yes exactly exactly pound strength on the back of course yeah right wild yeah it is wild you know this whole infrastructure deal it looks like I mean our economy is still going fine but they're going to cut rates man absolutely I wouldn't take that off the table because we've been talking for weeks about the Euro zone we're probably leaning towards a quantitative easing before cutting rates but with these numbers this is where now this is where you use a short cutting of rates when you have a number that comes out this bad yeah that's when you're like okay we've already been looking at a slowing of the economy now we have a major economic number that's when bond markets start to sway and that's when you start to have interest rate moves right now and you know it's like even on notes and bonds today even you know the S&P shook off negative it's only up two but guess what those notes and bonds won't stop man they're just buying them hand over fist man I mean it's like and I guess when we look back you know folks if you look back even 11 months you had the 10-year at 3.3 so if you're actually a bond fray when you're at 2.2 now that is one monster move it's a big move so now what's interesting is all these interest rate things that are going on they're all kind of working together so I think it's more than changing trends for the most part it's going to lift ranges either up or low you know depending on which currency cross you're talking about yeah so I think the only like the yen right now it's sideways I don't care what happens I don't think that thing is going to get a major bull or bearish correction to any degree you know so right except for now we do have a couple options out there the New Zealand dollar US dollar and the Australian dollar US dollar I think those are going to start to give you some swing trade opportunities and then as far as like looking for a gaging of pound direction you know like we have the dollar index look at that euro pound and watch that if that continues to erode pound strength versus the euro typically means it's going to be strong also with the dollar as well okay and that would be just convenient enough that you got Johnson saying I'm going to leave anyway and the pound gets stronger you know hey listen people who stop paying attention to that they're saying hey guess what the pound saying we're going to go make money because these poor people that had money in the pound I mean I saw them lose a fortune in the United States I happen to be right at the cigar bar with one guy who just bought the huge amount of land and hadn't bought them my changes money and overnight he lost 40 grand like that yeah man and that's small compared to I mean but it was big money for him definitely it was like oh yeah folks every trading day right here you can go to trading Forex forex-trading-unlocked.com that's forex-trading-unlocked.com check out Teddy every trading day Teddy you have a great one a safe one of course we look forward to speaking next week you two guys thank you very much thanks for the update Teddy I get the cross rates now Euro pound watch out stay right there Tommy and I come right back I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trade that we tigers and tigers share if you're looking to become 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 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 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the front page of TFN.com this deal on July 31st so don't miss out get your tiger dollars and sign up today for the gold report 900th issue sale since 1984 Basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion well originally hand drawing charts from the late 1970s into the 1980s Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside later Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a 2 week free trial to the opening call Basil's daily trading newsletter by visiting the front page of TFNN.com cancel at any time during that trial and pay absolutely nothing get your 2 week free trial to Basil's newsletter the opening call 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 EIA crew numbers are 1030 right so you have that 10.8 million barrel miss and you want to take a look at you saw a draw in gasoline of 226,000 barrels the estimate was for a draw of 1.4 so a little bit of a reverse in terms of much less crude in the market we've seen some higher prices we'll jump back to that chart in a moment it's kind of impaired almost really where we were trading at prior to that number gasoline pretty marginal and they were looking for a decline so a little bit more gas they were looking for a build but they still got a build that's still telling me they're going to have a hard time holding oil up 57.35 that's your 10.30 bar we're basically right where we're trading at prior to that number no real impact because picture you get like gasoline you did have a draw down but bottom line is that you think with a draw of 10 million barrels of crude the draw down would be more substantial in gasoline because none of us use crude when the crude gets cracked you use the still you use the gasoline you use the plastic so here's the refinery utilization there was some storms I was reading through a couple things so the crude production 700,000 barrels a day huge miss on crude production this has to do with some of the storms refinery utilization down 1.3 estimate was for an increase actually so the refineries weren't really bustling crude production was down always interesting what goes into that so S&P's folks bottom line is that once I finish this ABC structure on the way up you know we're at 3,009 right now and 3,055 is the number we get Facebook earnings after the bell tonight? we do we get a monster we get a lot of them we get a lot I know but Facebook Facebook will move the NDX I think you got Google tomorrow as well let alone a plethora stay right there folks we get Fast Mac coming up next and we get our man Mr Basil Chapman Steve Rhodes Dave White I'll be back this afternoon yeah go get them folks