 The following is a presentation of TFNN The power trading hour with your host David white Call now toll-free at 1-877-927-6648 or internationally at 727-873-7618 now David white And welcome all to another excellent edition Doesn't matter where you're at as long as i'm here in florida the free estate in the nation leading the way at this time every day The following takes place between 2 p.m. And 3 p.m So what do we have going on today? Well, you got to think that maybe everybody Said and on delay in china took their marbles and ran over here to the united states after Probably a little bit of worrying About what's going on with the real estate market in china um Maybe just the wake-up call and of course, uh He always worry about jumping out of a vrying pan and into the fire The one thing that we don't have today that I think we would all like to see is the kind of blowout volume To the upside right now. We're starting off the show with about 6.2 billion shares Which is not anywhere close to enough. So now maybe it comes in in the last part of the day But I could see us giving half of this back tomorrow If we don't get any more volume here fairly quickly Um, certainly 20 30 35 points sport comes in at about 44 19 On the s and p cash. So that's about 42 43 points um So we'll keep an eye on it what I also Uh, i'm starting to see is a lot of last minute flash in the pan from individual stocks I e people got short and they're being run today whether they hold up through the close. There'll be another big signal But uh, then the big caps that are just kind of lying around like a dead fish Um, you got a 60 point move in the s and p Uh and microsoft's up 410 some percent Um, not good. We should be having five bucks on apple We're up about a buck invidia Is one of the better ones up 2.4 percent But I wouldn't say anything to write home about After the current action um Wanted to see how some of the other ones that hadn't been doing so well like disney Uh up, uh, maybe three bucks A little bit off those lows in flx Netflix up about four four and a half bucks so, um You know, let's take a quick look at amazon So I haven't looked at that and up 41 that one's at least a little better But um, anyway, like I said, I'm not seeing anything out here that Screams, uh, we're going right back up to the top Um, we could go sideways or go back and retest 4400. I think 44 19 tomorrow Would be a good test if you do it on lighter volume But again, that presupposes that the incredibly light volume we're seeing in a lot of stuff Especially in the equities If you look at the total volume pretty good if you look at the equities Just horrifically bad, especially these big gap stocks and the fang stocks We should be having a great deal more Volume on the way back up Does that mean that we stop here? Instantly the answer is no, but my guess is that we are probably up against Um Fairly decent resistance now Through the friday close. Anyway, we're up 67 on the s and p cash dows up Almost 600 points nasdaq up 170 Russell up 2% it's the leading the day 2264 crude oil up a buck I ran out for lunch today and It's been a long time since i've seen gas at three bucks here in florida I know it's printing almost seven bucks in california now um, but You know what I think that is something we need to keep a very close eye on not for trading per se, but seeing that because that is the control rods for the nuclear reactor that is our economy um A lot of people believe that especially gasoline and energy and oil or evil And uh, you have openly said how they want to push it to eight bucks I don't know if they're going to get there, but certainly for floridians Three bucks starts uh Making a big change on whether they drive and how far and how many trips and maybe if they go that extra Step to a store some states. It's probably four bucks because they're used to being gouged uh, not leaving living in the Ultimately free state of florida by the way um, so, uh You know what keep a close eye on that that is the kind of thing that could put the big kibosh On another big rally higher, but we can see Yeah Gasoline at three bucks, especially when it was a buck eighty five a year ago People are starting to talk At least down here Anyway, give me a call today eight seven seven nine two seven six six four eight Email me at path at tfnn dot com Let's do a little history and then we'll get into a big question Someone asked me earlier in the day and we're going to discuss And that is could gold truly be over? um I don't know the answer to that, but I will talk about a principle that goes back over 500 years And uh, we'll see if that doesn't shed any light on the subject in the meantime I'll do a little history repeating On this day in 1949 there's surprising low key and carefully worded statement President harry s truman informs the american people that the soviets have exploded in nuclear bomb The soviet accomplishment years ahead of what thought was possible by the u.s Mostly because traitors here in the united states Although being a trader is supposed to only be when you're in an official act of war Eh, he was a there were a bunch of traitors some of them met old sparky The only problem I have is they weren't able to give him the juice more than once caused a panic in the u.s government uh harry truman um Had his uh joint chiefs of staff come in and ask him how many atomic bombs we had And they said on this day, you know, we could put maybe three or four of them together And everybody was shocked, uh, this started one of the biggest uh expansions of both missile technology and the technology to uh go to full out Uh, manufacturing on nuclear weapons and of course one day later Uh truman agreed to start working on the hydrogen bomb Inclusion bomb and within a few years we had that But uh, hey, don't get complacent Beat him isn't free We'll be back in a Are you grinding in the market? 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So you have nothing to risk Level the playing field with the task profile scanner, which you can find under the services tab at tfnn.com Sign up today Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds Tiger tv has eight different shows with expert hosts to help you make the right moves with your money Watch online at tfnn.com or on tfnn's youtube channel and become the investor You were born to be tfnn educating investors Toll free at 1 877-927-6648 internationally at 727-873-7618 As we uh come back For the show we had that question of whether or not gold is going away Probably because so we're back down to 1756 or got to 1750 again Or if we're just in a trading reign that's going to dry a range that's going to drive everybody nuts But the question put to me was whether or not bitcoin could supplant gold as the third rail To go to after the dollar and maybe the euro are abandoned for The uh the bad things that the government is doing to them And i brought up grisham grisham's law And i'll read this to you quickly and economics grisham law Is a monetary principle stating that bad money drives out good For example, if there are two forms of a commodity money and circulation Which are accepted by laws having similar phase value The more valuable commodity will gradually disappear from circulation Uh the law states that any circulating currency consists of both good and bad money Quickly becoming dominated by bad money. This is because people spending the money will hand over the bad coins rather than the good ones Keeping the good ones for themselves And uh this would sound rather bland if it it wouldn't backed up for about 600 years of history Uh, especially in coins Where people started kind of uh shaving the edges off of them. Uh, that's why now Even coins like quarters have these kind of like What would you call them? And the gradated you know do this in front of the microphone Gradated edge Uh that's so that they could put silver and gold on the edge because people were always shaving them down to make it Uh a little less than what it was supposed to be But uh what would happen is people would only trade the bad coins that had already been bastardized And pretty soon the only coins that were in circulation were the bad ones everybody kept the good ones Thinking that they would one day be worth their full value unfortunately, everybody always thought that the coins had been shaved off a little bit and The price of the good coin Was always lower. We've seen this in other kinds of uh things. Uh in in fact One of the things I remember growing up was there was a flood in the city in 1978 And there were all these flood damaged cars that were for sale and no one could really figure it out Well, everybody thought that they were getting a great deal for these flood damaged cars Then we come to find out that this car dealer at least one maybe more got caught by the local news channel Taking a hose and putting water Into a car that they got from somewhere else some other state and hadn't been flood damaged But making people think that was flood damaged because then the people thought that they were getting a great deal on the car Uh, but at the same point, they wouldn't buy the unflood of flood damaged cars because they thought maybe it was flood damaged So the idea here is if you have two equal forms of a commodity Um now bitcoin gold probably not the same thing But there may be a bit to this and the fact that people can easily trade the more uh more Worthless of the two currencies like bitcoin because literally it's backed by nothing At least if you trade gold you probably Can end up with some gold at some point maybe down the line. It will be worth more back what you paid for it Um, but uh christiam's law It's been uh, actually the first occurrence of this goes back almost 2000 years uh, so it's uh Why a lot of what we know changes Over time The idea that uh The personal beliefs of humans and what they do their behavior changes much over time is not Uh, and so far it's uh held up Like I said, uh, although scarce 2000 years ago, uh, but rather uh huge volumes of information From the last 600 years Uh, give me call 877-927-6648 Um, I like my old music better. Yes. Why the change? Uh, for some reason youtube didn't like it. They were always flagging it at least that's what I heard I think it was actually too good made all the other shows sound bad, but that's just my personal belief. Um Has not been the case that rallies usually carry up to friday on weeks no matter what the volume So, uh, would this week be an exception? Uh, the only reason I'd say it would be an exception is the incredible light volume today, um Kramer have been telegraphic start of a big decline Uh, to september 17th about 10 days prior to that date. So it began almost immediately after his prediction Uh, can it stand this idiot? Uh, could it be that traders got a jump on his predictions and the sell-off is over now? There were a lot of bad things happening and the problem with Uh, something like in china is you don't know, uh, the, um Uh, what is it? Uh the unintended consequences my belief, although I cannot prove it is that, uh, after everybody quickly exited china Uh, over the last few days of last weekend into this week And the prices fell No new money was probably going to china and anybody that got their money out of china Was more than glad to go park it over here for a couple of days, but If we would have seen the kind of flood of all that money We would have seen the kind of a volume, uh, that would be commensurate with it So, you know, we should be with the kind of move we've had over the last two days We should be having something like 12 to 15 billion shares today Uh, if we get to 10 billion shares on the cboe consolidated tape, I think that would be a lot Uh, anyway, you still have plenty of time to give me a call. We're going to start getting into charts here now Uh, but uh, yeah and of course, uh This market is makes liars out of everyone if you were short Uh, you were right for a little while if you were long You were right for a while and vastly wrong for a while Uh, but uh, what else can you say? Um Question about ccj uh from art Um, you see anything coming back here? Uh, well you're back at support Um, I would have liked to seen 21 95 hold it did not you gap through it But thank god the volume didn't really increase that much again, this is a Canadian company So you're probably better off. This is a way to play china without Uh being in china And the only thing you really have to worry about is is uh, this is going to be a very front-loaded business And for that probably years to continue Uh, but at one point they're going to have all the uranium they need and it's probably going to have to see a fairly I don't think that's it now I think a lot of people just got out of the association kind of will still buying and building Uh, the actors. I think that uh, is not okay. We're going to continue Unabated I'd wait Are you having fun trading the markets? 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We're doing about half Well, we're doing yeah, we're doing less than half that now Um, so that kind of tells you a bit. We're also pretty much right at that downtrend line So keep a very close eye on the cues here Any kind of uh more downside out here? Could mean that we are starting a sell-off That would take us probably back to Uh 342 ish that april 29th high Um, so and it could be a fairly decent Uh fall off if we fail here if we continue Uh retest of 382 78 the september 7th high But this just absolutely filling all of the gap down But with pitiful volume is never a good sign You also have an untested high volume low on september 20th at 360 93 um The problem is If you want to be long you really need to get at least somewhere into that bottom of that september 20th candle Uh to wash it out Uh question about the smh's Uh, like I said, um Looked at some of them. They're really not saying that much Um, I'd like to see a little bit more in the way of volume On the 20th, uh, we had Uh 3.9 million shares down in the smh's today were up on 1.6 Um, could they go back and retest 276? They're pretty close generally when you get that The downside would be any close lower in the next few days. I would run. Um as I felt, uh The specter Of a huge downturn on monday Uh any kind of close back lower Uh tomorrow Uh of significance Let's say we lose three or four points back again That would make me think that we're getting ready to go back and retest the 249 35 Um, but certainly bounces on light volume Are going to continue today Whether we get more juice Is going to be a big issue. Um, I just don't like a lot of the movement out here the stocks That actually should be ripping uh that I follow and have ripped in the past or not So you probably two things one people not interested them in the way that they were Maybe their sector rotation Something else is going on. Um, I would think that the ivb, uh with fairly heavy shorting of the last few days Uh should actually be ripping people's faces off Why it's up? I'm not saying that it's actually Uh doing anything like that on the 17th. You had four and a half million shares Then you got one million shares. This is not a good-looking market at 233 on thursday And again a lot of times you don't get the signal till friday um, but um, I'm kind of stepping in here a little bit And uh getting some protection to the downside in case we gap lower Uh question about oracle. We don't talk about it much. Oh rcl Whatever they got everybody thinks that they're selling a lot of it. Um, I haven't actually been able to come up with a really good um Answer on why everybody thinks oracle is suddenly super valuable compared to what it was before Maybe someone that knows will call in maybe in the know because I can't read anything or haven't found anything that explains it Uh, when you were uh back up here on the 13th of september, you had 18.8 million shares Uh today you're getting back to that in with six million shares so far Uh And not so much jimmy A lot less than you would think A lot of pretend kind of like uh that uh the king was appointed by god I don't think he had anything to do with it um Questions about crm Finally starting to move. Uh, this one had been shorted for a while nice gap higher Um, you got 11 million shares one of the few out here that actually is headed back to its high 284 50 which is the september second high is probably what this thing is shooting for Um 11 million shares will say you end up the day with 12 uh with 14 million shares Um, it's all going to be the test of that to 84 50 Uh, I still won't think that they're doing that well Maybe they are But uh, I think amazon and microsoft and google are just killing these guys Um, they're spouting that they're doing extremely well I'm I'm wondering if that may be some wishful thinking on the ceo's head Or behalf, but uh, you'll know here we need 284 50 with more than 13 million shares So you're talking about six bucks higher across the next couple of days We talked about ccj. Uh, you want that to start turning it up here If you're really thinking that china isn't falling into a giant funnel funnel And a tidal tidal pool. What are those things that spin around? Like a toilet you go straight down Uh tidal pool tidal well, yeah, I'll think of the name of it. Uh, other things going on In the thing, what do you think uh that we're just bouncing because of the unemployment numbers I think there's part of that but man Talk about a brutal end of the summer um The question is how long uh, does everybody think we can wait Till we all get back to work Uh, but uh, ain't tough did here and uh, a very interesting, uh Discussion why I was out driving To lunch today and looking at that three dollar gas, which I despise But it is certainly, um, a very interesting talk on the chip shortage during the noontime news About how many, uh places in vietnam now Are closed that are all involved in making a lot of these low dollar chips. I thought it was very interesting It's only like about a minute and a half, but I did not catch it all but Interesting nonetheless Okay, Dave Take a look at snap And what do you think uh visa v? It's at its highs Why facebook is sucking wind Uh, or as I call it fascist book Um I tell you what You know if you wanted to do a Paris trade I think I would be long snap And short facebook because I don't think anything That happens in the next couple of years long term Is gonna be good for facebook Uh snap face I always like saying that because uh the what is it bella check called it snap face? Uh facebook, uh, nothing good's gonna happen Um There's a lot of political things that I won't get into Uh better about a year We're gonna see zuckerberg on a spit Probably every day Um, and of course even the people in power today at the federal trade Are looking to uh, can't give him a few posts So, uh, yeah, I'd be long snap Are you in the market for buying or selling real estate in the bay area including the surrounding st Petersburg tampa and clear water markets tiger real estate Is a firm that has extensive experience in the tampa bay area Whether you're looking to sell your current property for maximum value Or you're in the market for a second home or investment property tiger Realty has the experience across all areas of real estate in the tampa bay area to help buyers and sellers Make the most informed decisions across all price levels from the price You should be paying per square foot in certain up and coming areas to the type of cash flow investment Properties are capable of creating tiger real estate can help you make the best decision When it comes to all areas of the market before you make one of the biggest decisions of your financial future Call tiger real estate llc today at seven two seven three two nine eighty three twenty two or email us at tiger at tfnn.com that's seven two seven three two nine eighty three twenty two call us today The technology around us is changing every day With so much happening it can seem impossible to keep up with all the information David white's investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David white has made his living staying on the cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only 37 in 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30-day money back guarantee tfnn educating investors Are china a shares hot or not? 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That's tfnn.com then hit watch tiger tv As we come back Some of the questions are what uh are the stocks that I don't think are doing as well as they should be and that is Advanced micro this thing should Have a lot of volume It's come off to the side to me this thing the week Last four days And even the last week two days on no volume Make me think that there is a much better chance now This comes back into around the $95 area and i'm not exactly sure other than Everybody continues talking about Big problems with shortages generally It to this point hasn't affected amd that much I like the light volume off the top so far That a lot of these including apple are just not doing much Makes me think and these are so heavily weighted in the indexes makes me think the indexes are a lot more Uh app to go lower Uh and quickly With the weak response for a lot of these stocks um You know you look at apple here down on Uh 123 million shares on the 20th And today we're doing 45 million shares trying to figure out how to close that gap Now maybe i'm all wet on this but my guess is you got a lot of people On apple above that 147 area That will do nothing more than want to sell Because for the most part What back to July mid of july they're on the losing side probably So it didn't look that good got another question here today Okay Uh blackberry still live. Yeah, I saw their, uh their Earnings call is coming up What is it uh bb I haven't looked at this one for a long time uh the big problem with uh Blackberry we talked about it a long time ago Is something called the connect discount And that is stocks uh in canada trade for a great deal lower in technology than The similar company in the united states and generally the reason is anybody that's worth their salt as a programmer from canada Is going to get a big fat job offer Uh and not have to worry about uh Well used to not have to worry about taxes as much and they just get pilfered There's not a way to really hold um fairly Good employees up there you got a gap now What is the was earnings today? Uh, I did not uh Look let's take it quick. Come on We're up 12 percent. I knew it was coming Earnings beat. Yeah, hang on a second here Okay, canada is all street has been firms blackberry are benefiting from up taking demand for cyber security tools um Demand for its qnx software And I actually bought qnx for one of my products I'm going to say nineteen 96 1997 Something like that and used it. Um qnx is really kind of a really micro linux kind of thing For embedded software Struggle maintain production persistent chip shortage crisis Meme stock after a social driven. Okay. I'm starting to get into it here. Uh, the uh, the uh, Robin hoods are pushing it a bit Um, is it out of business? No, this is one of these companies. It's going to be held up By the canadian government. They need at least something To show that they're in the In the technology business. Um, this is just a very hard one for them to compete in Especially if you're talking about people that are doing the same thing with In texas And they're probably paying an effective tax rate In texas of with federal and state probably 40 percent Compared to the 70 or 80 percent That uh, you're probably getting hit with in canada There's a lot of ways around it in canada to do it, but You're just you're going to make a lot of money and you're going to get most of it back in texas Why most of the people that are fairly good as canadian programmers or engineers Try to become us citizens as quickly as they can And of course the best way to do that is get a big fat paying job Then you can pay a lawyer to push it through who probably knows a congressman that'll give you a little handout Somebody mentioning f-cell See how that's doing Take a little closer look Well, you had a high volume low You're bouncing out of that with a lot of volume to the upside Then you kind of come straight back now you're back up Now this thing's just uh football, isn't it? um Interesting, I still think I've had some questions lately about whether I think that uh There's still a lot to be had for uh fuel cells long term and yeah, toyota is pushing out a brand new version Of their mariah. I think it is Uh continues to add the natural gas fueling stations I think at some point and there's going to be a tipping point where everybody figures Out that there isn't enough lithium to run these cars on batteries Uh, they're also going to get tired of standing around waiting for the cars either to start fire Or to uh charge up and spend an hour charging the cars or whatever Uh, of course the faster you charge it the less Long those batteries are going to Last so I'm not a big fan long term of thinking batteries are the answer You may come up with some kind of new battery technology Um, but uh, I've heard that for eight years now All kinds of papers from colleges and institutions And not a squat jack has actually made it to it And when we look at even the batteries, uh As of last week, I saw another test of Tesla batteries compared to batteries that have been made for the last 15 years And we have a quantum move Of six percent better energy density after all those years and lithium ion batteries So it is not moving just because I make a bigger battery Doesn't make make it any more Uh, it doesn't make it way any less or take up any more room So just making a bigger something, uh, isn't uh You know, that's an easy thing for musk to do In fact, let's take a look at Tesla when we return still got plenty of time to give me call 877-927-6648 Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at TFNN You'll get advice and guidance from the authority in technical market analysis And it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com and TFNN's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds Tiger tv has eight different shows with expert hosts to help you make the right moves with your money Watch online at TFNN.com or on TFNN's youtube channel and become the investor You were born to be TFNN educating investors This can rise and fall like the tides Subscribe to Basil Chapman's newsletter the opening call and you too can ride the wave Basil Chapman is an authority in technical analysis His Chapman wave trading system has been helping traders identify trends and capitalize on momentum in the markets since 1984 TFNN invites you to test Basil's proprietary Chapman wave trading methodology with a monthly subscription to the opening call newsletter for only $149 Your subscription to the opening call comes with a 30-day money back guarantee as well as daily market updates on key indexes stocks and commodities Ride the wave sign up for the opening call risk-free today Are you looking for a secured investment which pays you on a monthly basis The Tiger first mortgage program may be the program for you The best rate on a five-year cd in the country right now according to bankrate.com is paying 1 per year or $1,000 per $100,000 invested The Tiger first mortgage program pays 7 per year paid monthly on secured high value buildable properties in st. Petersburg, florida The investment is for four years paying 7 per year or $7,000 per $100,000 invested Your investment is secured by high value real estate in st. Petersburg, florida Your investment can be anywhere from 100,000 to 500,000 Do you want to make 1,000 per year on 100,000 dollars invested or 7,000 per year on a secured Tiger first mortgage The Tiger first mortgage program may be just the program for you The Tiger first mortgage program pays 7 per year paid monthly for more information You can call 877-518-9190. That's 877-518-9190 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 I wanted to look at Tesla out here. This is uh, this is interesting um This is kind of what you look for In failures And that is uh, you almost get back up at the top. You kind of go sideways Very interesting to see this stock not do much of anything During the china debacle of friday and monday Let's take a quick look at this I kind of vaguely remember that people were getting out of it Almost nobody short this on a daily basis on a uh, wow You have about that three percent A little over three percent short um Nobody short this thing This is exactly kind of what you're looking for I don't know if i'll pull the trigger, but i'll look at this tomorrow and see how it's moving, but uh Everything that you kind of like a huge star Sharp move down on lots of energy back down to the may 19th low Back up to 764 45 And this is what you want to see you want to see light volume on the way up You want to see everybody quit shorting and you want it to go sideways out here That means that every time someone tries to move the price up you find a seller That's generally a good indication that the insiders or the street folk are out here distributing it That also means that you don't instantly get a really good signal that it's over But uh, I'll have to look at it. I don't know what the options are on this I will look at it tomorrow morning, but uh, you know what not a bad deal. Um I haven't we've I've made a lot of money being uh short tesla Um at the right times This may be interesting Uh, so when you can not when you have to we'll see you here tomorrow same back channel same back