 The following is a presentation of TFNN. The TFNN Bull Bear Trading Hour. Every trading 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 Trading Hour. Now, Tom Antt, Tommy O'Brien. Welcome folks, appreciate you growl and a problem with us out here. We have the Dow Industries up 139, NASDAQ up 71, S&P's up 25, Gold Contract down $12.40 at $15.07. You get Silver down 30 cents, $16.89. Light Sweet Crude up a buck, $52.23 a barrel. Notes and bonds, you get the 10-year down 19-six, $129.17, the 30-year down a full point, plus 25 ticks, $160.14. Now the 30-year folks did the full ABC structure on the way up, so it hit the first price projection. You're backing down with a light volume, these things still want a higher price, lower yield. King Dollar, King Dollar up 95 ticks, trading 97.440. That's gonna need more volume to go lower. Bottom line, you get a sideways move out there yesterday, no sellers, no buyers out here yesterday. Euro, Euro's at 111, the end is at 106, and the pound is trading out here at 121 to one U.S. dollar. Let's go over to our man, Mr. Kevin Hinks, at TD Ameritrade Think of Swim, as we do every Tuesday, Wednesday, and Thursday. And don't forget folks, if you wanna see, have a great program, understand option, option strategies, futures, every trading day right here, 11 to 12, Eastern Standard Time. If you haven't test driven yet, the Think of Swim platform, come over to our website, hit that banner, bring it up, they'll allow you to trade with paper money, outstanding professional platform. Kevin Hinks, what's going on? Good morning, Tom, you know, these are, this is the, you know, the day after you get a big move in the market, both down and then back up, it's always interesting to watch how the dust settles. Isn't it? Right, and if we start to return to fundamentals, like for instance, the dollar's stronger, so gold is down pretty hard today. Things like that, I mean, I think the recovery, or not recovery, but the, you know, the little sell-off we're having in the bonds here, you're probably right, it's probably very hesitant, and I'm not on very big volume, because I think there's not a lot of people wanna make a lot of bets up at this level. So, but I think the next couple of days, and some of the data, PPI out Friday, we get CPI not till Tuesday morning of next week, and that'll give us, you know, that's the first time we'll see some data in a couple of days, that'll give us something to trade off, especially in the inflation area. Sure, and you know, folks, if you had listened to Kevin Tommy and myself yesterday, you know, we had a nerve, there's no doubt saying that, yeah, we're gonna have a bounce down to 28, 23 when the market was getting trashed, and it's just so interesting, we were talking about trading markets, Kevin, and this is the ultimate in a trading market. I mean, you know, you get, you don't need the tops, you don't need the bottoms, folks, you need the middle, and you know, bottom line is that, you know, we'll see where this bounce goes, but this is a decent bounce, you know? Right, I mean, you know, there's a lot of green on the board today, and a lot of things are going back to some of the fundamentals. I mean, the fact that crude oil's up, you know, they hit it really hard yesterday. The fact that that's bouncing back, I like the fact that some of it, I'm looking at some stocks here, it looks like all of the, well, it looks like Amazon's pretty much unchanged, but four of the five fang stocks are up on the day-to-day. Obviously, the NASDAQ's gonna be the most, we're, you know, responsive because of the beta of some of those names, but you know what I'm gonna watch today? I'm gonna watch the financials, and how that affects the Russell, because with yields, you know, solidly firmer from where they were yesterday, I'm gonna see what that dealt to the banks and the financials, see if we get any bouts here, because some of them were pretty beat up the last couple of days. You make a great point, Kevin, because you know what, I hadn't seen that yesterday, and then when I was driving home, I was listening to Bloomberg last night, and they were talking about that, and I just brought JP Morgan up, and this is very unusual, folks. I mean, you know, you're talking about one of the premier banks four days ago was at 116, and the problem is, is that that went into 105, which was going into the last swing point, with sellers, you know, we're talking about, there's some sellers out there, and that's interesting, man, and I guess, fundamentally, it does make sense, meaning that, you know, those rates are so inexpensive, but, man, if I was born again, man, I think I'd be born a banker. You know what, you know what, even better? Insurance. You know what? My father told me, insurance is definitely it. Absolutely. And all you have to do, folks, is look around every city who owns the biggest buildings and where the biggest signs are. It's true. You know what Warren Buffett made, is the most of his money, insurance. Yeah, yeah. Collecting, and the parallels between option trading and insurance, unbelievable, right? You're collecting premiums or paying them, and you're either paying it out or not paying it out. Yeah, that's a very supreme thing. The correlation is strong. It is strong. It is, that's so cool, man, it's so true, yeah. Forget being a banker. I'd have a tough time being a banker anyway. Yeah, right. Hey, hey, you know what? If you're good at insurance, you'll use bankers for the other way. Yeah, yeah. For storing your money. Yeah, right. Oh my God, I'm telling you, man. But you know what we're gonna talk about today? We're gonna look at, number one, we're gonna look at Uber, that's got earnings after the bell, and we're gonna cover how, ooh, I'll lift trade yesterday, but then we're gonna take a look at something that I've been kind of not pounded for for a couple of days here, and that's Boeing. We're gonna take a hard look at Boeing, because if you look at the news filter on Boeing, you're starting to get some drips of some, you're starting to have workshops with pilots, and Chinese pilots, which tells me, I think they're getting closer and closer to getting this 737 MAX fixed in the air, because if they're having workshops, that means they're retraining pilots with some of the things in. So we're gonna look at Boeing today, we're gonna look at some, a long-term bullish strategy in Boeing, and a way to do it for less expensive, I mean, Boeing trades $330, we're gonna look at a way to trade it for much less than buying 100 shares of stock and trading and spending $33,000. I just, I had seen that headline too, I think, was it Chinese pilots, Kevin, right? Yes, they're doing workshops with them to kind of re-teach them, which tells me that they're starting to get close on some of these updates. I agree, man, because I said to myself, just I said, you know, there's a lot of hysteria in the U.S. press, right? I don't know what it's like in the Chinese press, and if Boeing's just cool with China, and they start putting planes, the MAX back in there, and maybe we're in a little bit of a bubble here and hearing all the Boeing news, and guess what, of course. And guys, think about this. Boeing had a flight safety issue. What's the difference between that and a food safety issue, like Chipotle had? Right, and when they get through that, and time passes, and safety, and confidence returns, you know, these stocks are beat up pretty big, just like Chipotle was beat up pretty bad, and maybe it's somewhere where we can find some value. I still think they're gonna have to rename that plane at least in the U.S. or something. I don't know, we'll see what happens. And they can. They can. Oh, overnight, they'll just call a different name. Listen, you know, and then people say, oh, you're renaming it? Just so you don't have to say, everyone knows the 737 MAX, that's gotta go out of the vocabulary, I think. You might have something near Tommy, and perception is reality, right? It is. We know that. That would be enough with time, like you say, enough. You know, it's interesting, you can go like, between the Chipotle and Boeing, right? My take would be, you know, that Chipotle may not have come back, okay? Well, Boeing's gonna come back. And that's my own perception now, do you know what I mean? But Chipotle could have went away, Boeing, a duopoly with, they can't go away. They can't go away. It's not gonna happen. The world needs them. We need them in the country. I agree, and they may also make some comments on their defense, part of their business, it's very strong, so we're gonna look at it today and take a good hard look at it. 45 minutes, right from now, folks. Kevin, you have a great one, a safe one, of course, have a great weekend. We look forward to speaking there next Tuesday. Great talking to you guys, have a good day. You too, Kevin. Stay right there, folks. Tom and I are coming right back to you with our 1.41. Now it's like a 76, that's a piece of 27. Come right back. If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The TAS Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets, such as stocks, ETFs, commodity futures, and forex. Heated by Steve Dahl, TAS understands that in today's technological world, the use of top flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the TAS Profile Scanner to profit. 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Details on The Tiger's Den are on the front page of tfnn.com. 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. Welcome back folks. Dow. Dow is up 141. You get the next second 79. S&P is up 27. Let's go to AMD. So this is quite news out here this morning. AMD up 10% right now. Not bad. Yeah. And then the news here folks is that they, they're claiming, well they, they're not just claiming I'm sure it's probably true that they had chips now for the server business is faster than Intel's. Yeah. And they got an order evidently from Google. So let's see advanced micro spike on Thursday after unveil the new server processor that said it performed better than the cheaper and is cheaper than products from Intel. Analysts are positive on the potential AMD chip. And I know there was so better chips, cheaper chips. Yeah. If that's the case, watch out. In the server market. In the server market. So that's, that's quite a, that's. And yeah, Intel, I think it's at down 1.8%. So I don't know when, I don't know when that was written though, we'll see where. So it's paired some of those losses, but quite a move for AMD, AMD mammoth company too. It's only trading at 23 bucks. Can you go into AMD for a sec there market cap because this is where the skew of like, you know, what the price of an equity, yeah, $35 billion company, even though it's only trading at $32 versus, you know, you have some companies trading at $400 that are still $30 billion companies. Sure. Yeah, sure. Kraft Heinz. So let's get over to Kraft Heinz, okay? You said middle of the shopping. Middle of the shopping. People are not going in it. Still going a little bit. Just know what they used to. We pull up still a mammoth company, $30 something billion dollars in revenue a year. This is a one-way trip. I mean, look at the surprises, man. Every time it's like. 2017, you're at $87, you're at 26. That's bananas. And because they renamed this, you know, they didn't rename it, but bottom line is that it's not trading by itself because they kicked it out of a Montalise. Okay. You know, they separated. Montalise, yeah. And, you know, who knows where it's going to go because it just broke. It's, well, 26.96 year, 26.87. Just broke a swing. Pretty remarkable, man. I'm guessing that was their last earnings before that. Yeah. And despite, in February. And when you actually look at it, the revenue fundamentally, it looks pretty. That's, I mean, they're a $32 billion company. Look at those earnings. Yeah. But you have seen a decline, right? Zero, not even zero growth. You're losing almost $2 billion in revenue. But we're going to see some growth maybe next year. And earnings, they're still making money. You know, you got a company pulling in $26 billion a year. Yeah. They're making profits. Yeah, it looks like, actually, when we look at this, it looks like cheese and dairy is still growing. This, they're claiming it is anyway, by 23% over a three-year period. Yeah, I know. Ambient meats. What are ambient meats? Is that cut up meats, probably? I'm not sure. Maybe it could be processed meats. Yeah. That's grown by 11%. Frozen and chilled. Meatballs, really. That specific? Check this out, folks. Now this, oh man, if that, if the meatball business is a $2.5 billion business, they get this, if you're in the car and the beautiful West Coast of the United States right now, folks, that we're reading this product segments. And they have frozen and chilled meatballs at $2.5 billion in revenue. It's possible, man. Maybe they own Mama Mia's and, you know, those ads we always hear. I think that's exactly what it has to be. I'm trying to click on it for more info. It's not letting me. But yeah, $2.5 billion and still growing at 5% for every three years. It's not often that you see these product segments be so precise. I know. Maybe it is something that's very particular, pretty remarkable. Mama Mancini's, man. Right? I mean, just a mammoth company still, you know, but, man, 52 week lows, like you said, and yeah, we'll see. Now the other side of that, Roku, right? So get out of the processed food business, get into the streaming business. Get into the streaming business. So this Roku here. Not bad, up about 20% right now. It's easy to calculate percentages. When it closes at 100, it's up 20 bucks. Yeah. And look at those numbers. Look at the revenue folks, okay? So 2015, they did 319 million. Yeah. Million. Yeah. This year, 1.1 billion. Yeah. And what's a, even remarkable, last year they did 742. They're gonna double it in two years to 1.4. That's 100% growth from 2018. And keeping in mind, I was saying to you, we can go into the news for them. I don't understand. What are they gonna make any money though? Well yeah, and they'll lose the money, right? So let's see. Where were we? This one. We couldn't find the revenue growth. That didn't have the revenue growth, didn't it? Yeah, this has all the analysts and what they're saying. I mean, it get upgrades across the board. Second straight quarter, where they achieved a trifecta in terms of growing the accounts, hours and average revenue per a user too. That's right. I'll try and dig down to it. Yeah, that's the one. All right, we'll try and find it, but. Cause I saw, I think the average revenue went up like $2 from $21 to $23. That's huge, as you're adding all these people. And is it Roku, so do they charge? This is what I don't understand, to be fair. Why you pay for Roku, I just don't understand. I haven't dug into it myself. In terms of, you know, to have a streaming platform, I know you can buy a Roku box, right? It's kind of like an Apple TV, it's like something that makes sense, but I don't get what, I don't have a fundamental aspect of what they provide for their subscription service. So they must have access to some type of content or so forth. If you're out there, you know what they do? Give us a call, 877-927-6648. Seriously, if you got a Roku and you understand it, because that's a lot of money. $23 per person went in reality. It's a lot of money if you're just talking a clicker. Yeah, access to an online platform. I have a smart TV, so I don't even need a Roku box. I can get access to, and then I pay for Netflix, then I pay for Prime, so maybe half. So if we go to the 10-year note folks, you're gonna see both of these, we'll do the 10-year and the 30-year. Bottom line, you can see, 10-year got to 130, 27 yesterday. 2.9 million, guess what? You're backing down with 1.1, you're going into 2.6, you're not gonna do more volume than that. So you're backing down with light volume. The 30 did the full ABC structure up. The price projection was 163, like 20 or something. We did 163.31. Pretty remarkable, and now more than three full points in that 30-year from where we were yesterday. And look at the anemic volume, though. Guess what, you're 244,000, you're going into 4.95, that'll do 400 today, probably. That's, to me, that's a natural retracement, though, and a market that still wants higher price. And I tell you what, let's take a look at natural gas real quick. We're coming up to natural gas inventory numbers. Jump over here, get in the commodities, see how we're trading this natural gas, where we've been at. I haven't taken a look in a while. Seriously. 210, we're sitting at. Cheap natural gas, that's for sure, man. So a little bit of volatility even this morning, man. 8 a.m., we're up there at about 213, so we're trading down to 210. This is yesterday's action, anywhere from about 214 to 208, putting this on a little bit of a longer-term timeframe. Where we back up, you go just to the beginning of August. We made it up as high as about 230. So we're gonna take a break in about 30 seconds, and we'll come back with those natural gas numbers right at 1030 on the dot. But that's a lot of volatility, man. It is. The market, of course, tremendous volatility. It seems like everything in the beginning of August, man. You want volatility so much for summer trading in August. 232 down to 204, 30 pennies in the span of four or five days. That's 3,000 a contract, folks. Amazing, right? 3,000 a contract. So that natural gas, we say it on natural gas. Have some defined risk, man. And you know, to go back to Kraft for a second, yes, Buffett still is the huge position in Kraft. We had a question there, in fact, I'll get you. Exactly. Ph.D.C. Hold on a moment. So Kraft's at 26.59, and Berkshire owns 26.7% of it, or 325 million shares with NM. That's a $1.5 billion loss today. That's a hit. That's it. Thank God it's an insurance business. Stay right there, folks. Come right back. Hi, folks. Tom O'Brien here. If you'd like to get my daily newsletter and market insights, then now is a great time to sign up for a 30-day free trial. Every morning, by 9.30, I send out my morning letter to subscribers with market commentary on a variety of markets, currencies, and commodities to keep investors up to date on the day's trading action. Included in Market Insights are specific buy and sell recommendations for stocks, ETFs, and even options, which stops and price targets included for every trade in my newsletter. If you'd like to try my newsletter at risk-free for 30 days, then head over to the front page of TFNN and you'll find Market Insights under Trading Newsletters. 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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. Folks, so, let's see, Natural Gas Stockpiles Road 55 BCF. So I wonder what we're looking for. Looks like about 60. Okay. So a little bit under that price level, we'll jump back to the chart. Where are we at? Come on, cooperate. It's not coming up. Oh, there we go. Let's pull it over. And Natural Gas, spiking a little bit higher. Looks relatively calm on this chart, but we just went from 209 up to 213.40. Oh, this is an hourly that I had. Remember, I jumped back to it and I was like, why is that look so calm? Yeah, it doesn't look so calm no more. Quite a little jump, going from about 210 to 213, it would make sense. Only at 55 billion cubic feet, Mark was looking for 60 less supply, higher prices, right? But we'll see, we were just at 230 a few days ago, so we'll keep our eye on that contract. Let's go to Zillow. So Zillow's getting smacked this morning. Big time, folks, you're down 20%, down $8.90, you're trading at 40.85. 21% short-percent interest, some happy shorts out there today. I wonder what the expected move was. I bet it was a big number though, look at that chart. Man, you know, yeah, Zillow... Because look at what it did last, I bet that's last year, maybe not, yeah. Some of those earnings moving huge, so I bet that... So Zillow, this can get down to what, $33 pretty easy. So here's the news, right? We were talking about this the last time they came out with numbers because it's blowing my mind that a lot of big companies are trying to get into this, folks, but the thing that's pretty amazing, just we're gonna take the CEO's word on this, and this is where I think this... They're gonna have a hard time making money in this business. So the top of it says Zillow shares fall after forecasting home-flipping losses. And then CEO Barton sees 45% profit from Zillow offers at scale. That's not enough money to, you know, if they think they can do 45% without making the mistakes in a business that you're talking about from 200 to 300 to $400,000 in houses, it's like, that's so tiny. Yeah, all I would say is that number is probably the calculation with the mistakes in it. As in you're making six to seven to 8%, and you know that there's gonna be, when you're flipping that many houses, it's just an average rate of how many you're gonna have all hell break loose, right? As you try and do it for sure. So they lost 14%... The shares fell, right? The shares fell. As they forecast that new home-flipping business would lose as much as 80 million in the third quarter. Overall, the home-search companies were protecting the third quarter, EBITDA between $18 million lost and a $2 million gain. That sounds pretty cool. So here, the company generated 249 million in second quarter revenue from Zillow offers. An algorithm-driven spin at home-flipping, right? Yeah, and received requests from 70,000 consumers who wanted to sell their homes to Zillow over the internet. Chief Executive Richard Barton said in an interview that the revenue growth from Zillow offers show that the business is working, it's being driven by people who want an easy, convenient, hassle-free way to sell a home. He said, we're far from being at what I would call scale. I'm confident that when we get to scale, we'll be able to do four to 5% profit off of this business. Going forward, Zillow will need to show that it can turn a profit in the capital-intensive low-margin business of flipping homes. Consumers are willing to sell their homes at a small discount exchange for speed and certainly selling your home over the internet when fees rise too far beyond what traditional brokers charge. Sellers in return, sellers return to the old methods. So let's bet it. When fees rise too far beyond what traditional brokers charge, sellers return to the old methods. Saying that those fees are gonna be important. They cut into it. Yeah. And I think they're saying they're gonna keep them small, but they're gonna be able to do big numbers, they're thinking, because they're gonna get a process in place that can just be really quick and people will be able to be willing to sell them their house for a little bit less money than they know they could get if you put it on the market and you wait three to six months to nine months, right? Yes. You try and get it. No, I agree with that portion of it. That portion of it I agree with where the problem comes in is that now you have the house, then you're gonna fix the house up and move the house out the other side. Sure. And so what they have been doing, this is how they commit to the losses because I've seen how they do it, and this is public information. Yep. What happens? Pitcher, I buy a house off you, let's just say a hundred grand, right? And yeah, you're happy. Are you Zillow in this? Yeah, I'm Zillow. You think it's worth 105 grand, right? I get in, the Zillow, we put 10 grand into it. Sure, right. We're at 115, right? The Zillow says, okay, I want 124 for it, right? They put it out at 124. If that thing doesn't sell like, basically a couple of weeks, right? They just bring it right down and then they'll take a loss immediately. Yeah. So that's pretty intense. I think it's, we'll see where it goes, but I think it'll, I think it's gonna keep the real estate market having a bid. That's the cool thing about it. Okay. Meaning the cities that they're in doing this already. Yes. That is competition for anyone buying houses. Sure, and it's straight liquidity. Yeah. Now the counter would be, as a holder of Zillow, the last thing you would actually want, I think, is if you're employing the strategy like Zillow is, is to start just building and holding every house as you're saying that they, they're not getting the price they want. Well, just move it out at the price that the market's at, okay? Don't tell me what you think it's at. Yeah. And tell me that you're gonna keep it at that price for a year or two, because guess what? You ever hit a real downturn, that company could go bankrupt. So I, at least they're actively, they wanna flip them. They don't wanna be real estate investors in the plan that you're talking about. Yeah. So they get them in and they get them out at whatever the price that market's putting on them in two to four weeks or whatever it is, right? Because if they don't have that price, then that means that the price is below where they're saying it is, okay? The market doesn't lie, man. If you can't sell that at the market, guess what? That's not the market price, because if it was the market price, it would sell at that market, you know? And so they're in the business of move it out, man, because if you start keeping, I mean, they're gonna do massive amounts of volume. So if you ever had that downturn and they said, ah, we don't wanna sell at this price, we're gonna hold every property we have. It wouldn't take long to empty out that company's coffers. No, no, wait a minute. Well, it won't take long to go keep losing money if they buy and sell them at losses either. That's for sure, yeah. 877-927-6648. Let's go take a look at the XAU. Actually, let's go look at Nugget and, because, you know, the rest of the way I got those calls and look at it, it's hanging up here, man. Yeah? It's still doing good. I mean, Gold's still at, what, $150, $150? Yeah, no, it's, you know, for, you know, Nugget got the 41 and 90 yesterday. You're 38 to 28 right now. Yeah. You're pulling back with light volume. This is pretty cool. How about now, can we jump? We had a call, Newmont. Newmont. I was talking to a client this morning, was asking you, maybe if you could take a look at Newmont. Yeah. They said they were maybe in it, looking for a price target or where it could maybe jump, an upside projection of where maybe you could look to sell as it's near those highs. Let's take a look. So, oh, this is nice. See, this is, okay, so yesterday, pitch of this folks, you know, your last swing point up here at the high, 6.6 million, 40.33. Yesterday, 15.8 million, 39. I love it when it pushes swing points with volume. That's saying that you have more people coming in, hasn't broken the high yet, you are pushing with volume, which is really positive. And now what's gonna happen is that you're backing down a little, so you're gonna be able to see it, I'll be backing down with light volume, which is pretty cool. And then put this on a weekly, I'm gonna put it on a monthly asset because I wanna see where, oh, there it is. Yeah, no, you know, Newmont wants to run this 44 bucks. So maybe that's a projection if you're in there to look at that. Yeah, it's the, and on a lot of these folks, it's the highs of August of 2016. That's what they're trying to run into. Yeah. I know, and that's a big number, man. They're so cool about that, is that, guess what? If you look at that run, we've had, from January to August, this run started, you know, realistically, you can bring it all the way back to October, but yeah, that run started at a much higher level. We're gonna be right back. If you're in the CD market and looking for a secure investment, the Tiger First Mortgage Program may work for you. The security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida. The Tax Act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from $30,000 to $75,000. The interest paid is 7% yearly paid on a monthly basis. 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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 Foreside 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 for the latest market information. Come back folks, Dow. Dow Industries of 174, you get the Nasdaq up 100, S&Ps are up 32, and you get a good bounce going here. And bottom line, what I expect we'll see here folks, is that you're going to get a contraction of volume out here today. What you had yesterday is this. So picture what you had. We had come down hard. Yesterday, you came down hard. You basically almost got to the lows and it gave it up on energy. We went 140 million shares and to 178. So it's like, okay, you know, you can't get below that low. Now the key is going to be, as we go higher, are you going to see that contraction? My take is we are, and guess what, this could get really deviant and get all the way up to 295. If that's what we get, if we get a contraction all the way up there, that's going to be a nice sell. Because my take is that there's a much larger ABC structure on the way down. Now that's a 0.618 retracement. So if you got there, that werely would be deviant because that would be saying that, you know, you wouldn't take out the low the next time down. We'll see how we can handle the bar in the middle versus 0.618, which is not that much higher than we are. It's about three points higher. What's the high? Maybe that guy over there? Down to the low. Yeah, so right in there, 294.39, kind of the low of August 1st to right around that area of the low of the 31st. And then the other one to watch is kind of like where we are right now. I think, yeah, 291, where's that? 291.97 is a 50. I suspect we're going to get, yeah, 293 is game. You know, we'll see how that, today's Thursday, right? It is. This can run, right? Twenty a time, I say it seriously. Exactly. Today you get tomorrow, and if that's what you see, then you get some action. And I heard you talking about the VIX on the news update. Yeah, we're going back to a nine VIX, man. They crushed that. We're going back to a nine in no time. That was quick, man. Seriously. It's always quick. It is. Wow. But it's always amazing because it's always something where, you know, and this trades off the S&P, but just to exaggerate how big the numbers get, right? You get the Dow off like 600, 800, a thousand points. The VIX is going up and then boom, by the next day everything's forget that happens. Seriously. You know, the strength, the weakness inside the Dow industrial, VISA is putting 21, positive Apple 16, Chevron 16, that, let's go back to the banks a second. This is serious business. Kevin Hicks brought this up. This is telling me that the banks very well could be some of the first ones, folks, that actually get down to the December lows that I'm looking at the S&P to go to, because what you had out here yesterday is that this was, you had some real volume coming into this last swing point. Look at, you know, the last swing point May, $140, $10.9 million. Well, JP Morgan has 17.3. Big number. You know, that's some selling. And now you get the big contraction out here today. Yeah. Bank of America, BAC. Let's take a look at BAC. And it is remarkable. We just had the 10-year go from 3.2 down to 1.59. Ouch, man. Ouch. Seriously. And Bank of America, let's see. That's 76 million. Yeah, there's more selling versus 50. And I mean, look at that drop just from over 31, 3106 down to what is low, 2712. Right. He's talking about $3. He's talking about 10% haircut in a bank. Banks are not supposed to have 10% of swings in a week. Yeah. When, when nothing individual has happened to that bank. Right. It's just an economy rate story. Okay, here it is. This is beautiful. I love it. Berkshire Hathaway already broke it. So that broke its swing point with volume. This is a big one. So Berkshire, yeah, same number. You know, Berks, look at this. Okay. So this is pretty cool. So Berkshire very well is leading the posse down. Okay. So, what is that over there? That's interesting. So December 2017 we're at the same price. Berkshire is going to go after a bottomless consolidation, which is 186. Yeah. Now that would make sense. You know, they're a monster. There's no doubt about that. And they make a fortune on the insurance. There's no doubt. But, you know, that's a portfolio too. So, if the portfolio, if the market's moving down, it's really a portfolio that you're talking about inside of that. And I wonder if service and retailing, I wonder if Kraft falls into that category. I wonder how that shakes out. But 70... I'd say would, yeah. Yeah, as I look down here, right, in terms of manufacturing, 60 due, insurance, 57, and then you got a little bit of a drop off with... Railroads and energy. And the energy. Yeah. Yeah. Pretty well. 500 billion dollar company. Conglomerate. Oh, yeah. Not bad. Let's check back on natural gas. You know, that market's reacting. A little bit of a pop. We got that initial thrust right up to almost 214. Paired it a bit. We're sitting at 210, almost as we came into those inventory numbers. So the market jumping around a bit. But in the context even where we were yesterday, we saw that type of action. We were up to the upper bound, kind of right where we spiked to. Pretty cheap natural gas across the board, man. Continuous. Yep. We got plenty of natural gas as we were saying last week. Oh, it seems like it could get even cheaper. It's been there for so long. I mean, it's so wild. Yeah, it has. So some of the higher volume equities out here, what do we got? What's sticking out? Well, we are talking about Zillow. You know what? Let's jump to Uber. Oh, yeah. And actually, before we do, I'm going to pull up the expected move. We had... Actually, we'll jump to a few. So we had lift earnings, right? Lift up. We had a date initially on that chart on the numbers last night. A quick reaction. You get the conference call at 5 p.m. eastern time last night. We made it back to 65. We're trading at 62, 61 right now on lift with their earnings. We got Uber after the bell. Trading up 6%, probably on whatever Lyft was talking about in terms of the market for rideshares doing well. They're all going to benefit. Get into the Analyze tab. We'll pull up Uber. Now, this is going to have some volatility, I bet. Yeah. One day expected move. $3.37. That is a mammoth move when you're talking about only a $42 stock. $4.20 would be 10%, right? So you're talking about 6%, 7% move on those numbers. We'll see where we get out. I'm sure they're going to expect some mammoth numbers in terms of what they do. And you know what Uber did, too? Yeah, jump into that. What they did is that they... They... They have a 6.1 billion Dutch weapons to avoid taxes. So what they did, folks, is that they... They have a 6.1 billion Dutch weapons to avoid taxes. So what they did, folks, is that they... They have a 6.1 billion Dutch weapons to avoid taxes. So what they did, folks, is that they took their URL, Uber. Okay. And they decided that it's worth 6.1 billion, and they stuffed it inside a company in the Netherlands. Amazing. Before they went public. And so they have to make that back up first. That's true. Let's go to our man, John, in Detroit. What's happening, brother? Hey, how are you guys doing today? Great, man. You're fantastic, right? I'm sorry, what? I said, I bet you guys are doing fantastic. So what they did, folks, is that they took their URL, Uber. Okay. And they decided that it's worth 6.1 billion. They're doing fantastic today. We're having a good time. Hey, man. How are you? Hey, I love your show. You know, I heard Carlos talking yesterday when he called in, and he was complimenting Tommy. I never like to be a brown noser, but it was nice to hear someone call in. I was watching your son when he was in with Basil. You were not there. Okay, cool. And Basil was going over a chart, and Tommy said, stop Basil. Wait a minute. What about this, this, and that? And Basil had to go back and say, oh, yeah, wait a minute. Tommy was right on top of everything. He knows everything that these guys are doing, whichever ones they are, that's filling for you. That's awesome. It's time to go back to Tommy. Thanks for listening, man, and we got some great collars, man, out there that would help make the show, man, like yourself. Right. So I really appreciate it, man. Thank you. So thank you very much. Hey, I wanted to ask if you could help me. I want to take a position in Silver Futures and in Gold Futures so if you could look at the Silver Futures. And I've been watching it since yesterday looking for a point to get in. I've been wanting to get in for about a month now, but just waiting for a breakout over that, you know, and the gold, I think it was like around 1487, 1488. Stay right there, John. We'll be coming right back. We'll be coming right back, folks. Down to 173. Now it's 106. S&P's up 33. 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 trait 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. 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For more information, just click the Think or Swim banner on the front page of TFNN.com. Detroit, we're talking gold and silver. So this is a tough one, John, because, you know, this run has been pretty incredible, you know, and the gold and silver market. So, you know, right now at 1505 and, you know, realistically, if you're looking to buy the futures, I don't think this thing wants to come back to like the 1460 area, but that would be the buy, you know. If it pop back to 1460, yeah. And, you know, it's in an ABC structure on the way up, a confirmed ABC structure on the way up, with a 1575 to 1580 price projection. We almost got there. Yes. We'll get to 1530. We have a lot of room. No, I'm just, yeah, I'm seeing we're still close to that from where we've been, right, in terms of, as in the risk reward, you get the highest 1522 and projection 1575, and you just ran from 1200. Right. And so what you're hearing from me in the future market, this is a tough buy right here, do you know what I mean? If you were in, it'd be a different situation. Silver, same thing. Silver's even more dangerous, man. I mean, it is. It's been quite a run on this. You know, listen, man, it doesn't mean it's a big deal. We were talking about the break, you know, it's tough. Silver's down 31 cents. I mean, Silver would be, you know, 1645, you're 1688. So just even the lower extra. Yeah, it'd be the breakout area. I mean, if you can get back into the breakout area with light volume, that's beautiful, man. Because the problem in the middle where we are, it's like where do you put the stop? You know, you don't have anything behind you. So you need some kind of a floor that is traded there for at least, you know, in the best case the breakout area is always a nice area. If it comes back with light of volume and you get a rejection, you know. Cooking. Brother John. Thanks so much for the call. Appreciate the insight. Okay, man. Have a great one. Have a great one on Detroit, man. Stay right there. Folks, we got out mams to Kevin Hanks, TD Ameritrade to think of swim coming up next. And we got out mams to the Basil Chapman Steve Rhodes, Dave Whiteby, back this afternoon. Thanks, pal. Thanks, man. Oh, yeah.