 The Tom O'Brien show is produced every business day Tom takes your phone calls toll free at 1-877-927-6648 internationally at 727-873-7618 let's go to our man Alan homo salsa what's going on brother it's any wonderful I went ahead and invested in your tiger dollars and got your gold report for a year and also your morning your your call letter and stuff like that and I got over 50% return in one day not counting everything else but I just want to thank you Tom's not perfect but he tells you how to put your stops in and keeps your losses small you can take your small losses but then all of a sudden you'll be like Dave Ruth and you'll feel a home run I mean a big home run yeah and put the money in your pocket okay brother you're awesome man thank you now Tom O'Brien yeah welcome folks this is Tom O'Brien of TFNN we have five days a week we got seven hours a day we go 24 hours a day on the internet at tfnn.com always remember folks whatever you think about you bring about whatever you focus on grows hope everyone's having a great day safe day it's a TGIF folks it's making a great one surrender and let go of the past whatever life takes away from you let it go when you surrender and let go of the past your life is supposed to be fully alive in the moment let it go in the past means that you're going to enjoy the dream that is happening right here right now market wise let's take a look at it out here we have the Dow industries down 354 Nasdaq's off 278 S&P's down 78 gold contract down 29 dollars 80 cents at 1647 an ounce we have silver down 75 cents 18 dollars 16 cents an ounce late sweet crude off 342 85 dollars 69 cents a barrel notes and bonds you get the 10-year note down 13 ticks trading one 10 19 the 30 year of 27 at 123 23 and king dollar king dollars up 975 ticks trading at 113 337 the euros at 97 the yen is out here at a price point of a bingo where are you at 148 oh my god and the british pound is at 111 pretty amazing man iphone numbers eight seven seven nine two seven six six four eight give us call folks one notes going on in your world and the world of the s&p's let's take a look at them what do you have well bottom line folks is that you had that huge day yesterday you're pulling back into it now it's intriguing here when we when you pull back and after a day like this is that the you have option expiration so what's happening here simultaneously is that the option market makers are basically trying to get there not just the option market makers people are putting trades on and they're trying to get delta neutral so they got smacked in one way or the other okay that being said um you know we'll see where the shakes out we needed above the benchmarks that's for sure and we're not going to get that today what i do like today okay no i'm going on the aspect that we're still going to get a bounce here what i do like today is this when you have a day like yesterday and then you have continued selling down here today this that's where selling can abate that's that's the bottom line that being said the bottom line though is that you're going to get back inside the range that's that's the number you don't get back inside this range if we don't get back inside this range in a couple days the 262 this thing's going this thing's making the next leg so this is going to be tricky man you know if this makes the next leg without stopping it'll be something else and that that would i'll get to the dollar in a second but that would mean that the dollar actually is going to blow away its swing high and make that run for 121 we take a look at the and the cues and same setup now the cues yesterday had a hard time getting inside it okay they just about did it they close yesterday at uh yesterday they so i have this on a daily what do i have this on right now i get in a weekly hold let me put this on a daily so in the daily yesterday we had the cues close at uh 270 17 and i believe it's 269 that had a close and it did it yeah it was 269 28 so it had done it best guess what but it's not there now and that's the number that has to go inside 269 28 because what you're going to see is that yeah you have a lighter volume we're going to have a volume today of about 70 million probably still going to do 360 on a weekly versus 409 you don't have that rejection though you know oil oil market you can take a look at this oil market bottom line you know this thing more than likely let's see 213 thousand contracts come on give me that volume down there there we go okay so that that's that's you kind of that's light volume that being said though i think this oil is going to come all the way back so you're coming into 303 thousand contracts you get 214 you know it's going to get dangerous here so look at this for a second so the first first time is what 97 91 yeah so this is the oil's in a downtrend man i brought this up yesterday this is you get three higher well you got more than three i mean i can count one two three four five six you get six lower highs and we got one two three four five six lower lows man you know so oil wants a lower price that's that's the bottom line now let's go over the dollar we take a look at the dollar the dollar out here okay so you're up 969 ticks started out the small you can see right right away the you know it's amazing thing here two folks is that uh the dollar started going higher at 915 this morning that's when our futures are actually flat and that's all it takes man the bottom line you know it's the dollar and the bonds that you know are going to direct us where the broad market's going to go so let's go over to the i want to go over to the bonds for a second the 10 year look at this is going to bust through man it saved itself yesterday but the 10 years it right it's right at the benchmark which is one night one 10 19 so that breaks that benchmark it broke it yesterday but came back inside it breaks that benchmark if we go look at how we're set up here with a put this on a weekly let's see how this is setting up right now look at how far you gotta go back home man i'm gonna put it on a monthly this is this has gone down so fast folks that the bottom line dailies and weeklies don't do it look at this almost a monthly doesn't do anything oh my god a 15 year monthly actually doesn't do anything to that chart meaning that you can't look at the left hand side of the chart so we're going to go to 25 years okay oh yeah i can see what's happening yeah we're going lower man this is going to 104 yeah so you're at 110 right now and guess what once you broke the 112 it's like 104 is wide open man that's going back to 2007 that's how this thing seems to be set up so that's going to be no doubt pretty intense um that's for sure uh xle a couple tigers want to take a look at so let's take a look at the xle okay so yesterday we come up with volume couldn't break it 83 71 83 54 stay right there folks who come right back our phone numbers 877 9276648 we have the dial industrials right now trading down 386 nasix off 295 s&p's off 83 will come right back booming inflation we are purchasing powers eroded there's no better place to protect your hard-earned money than any gold this the gold flagship asset is the monk cod gold project in the northern territory of australia this is australia's largest undeveloped gold project we are talking a world-class gold project in a tail one mining district this is a large-scale low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction this the gold just completed the mounttod feasibility study which resulted in a 7 million ounce gold reserve in a 16-year mine life all of this combined with the approvals of all major operational as well as environmental permits this distinguishes mounttod as an attractive dearest pot ready development stage gold project this the gold trades on the new york stock exchange and the symbol vgz are you looking for a way to consistently add winning trades to your portfolio tom obrien is here to help tom obrien has been successfully trading markets for over 30 years a frequent contributor to td ameritrade network and cnbc tom obrien founded tfnn over 20 years ago to help educate investors just like you tom's daily market newsletter market insights is published every morning when the market's open to give you the competitive informational edge you need to succeed these newsletters are packed full of tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio get tom obrien's newsletter market insights today and try all of our products and newsletters 30 days risk-free with our money back guarantee at tfnn.com tfnn educating investors everything in the universe is governed by the fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks you need to pay attention to and you can trust larry's analysis after all he's got 45 years experience as a day trader larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from larry on market movement you need to act on at any time first time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the fibonacci 24 7 newsletter today tfnn.com educating investors at 1-877-927-6648 internationally at 727-873-7618 welcome back folks down down investors right now down to 413 you get the magic off 306 s of p's are off 85 and you get more sellers coming into the close out here folks um okay so we were just looking at the xle so you had the xle yesterday pushing into the swing had volume as they're pushing into the swing giving it up today let's put this on a weekly let's see what we got here so 140 million versus 153 versus 127 yeah that's that's not enough so that's telling me it's going to stay in a consolidation see it's going through it's going to try to get through this 244 you know if we look at cvx let me look at a few of those others because i believe the xle i think the it's exon and chevron that almost 50% of the holdings in this thing yeah it is so it's 22 30 to 42 43 yeah so chevron cvx the same chart too man yeah i this man i'd be careful when man that was the energies man my take is that you know those things uh i'm not going higher so if we take a look at let's see what this is this is f i g s okay so this is in the medical they provide healthcare aparel lifestyle brands the low for the year is six dollars 93 cents the highest 43 um i don't quite understand the i gotta look at this for a second oh wow you want to see something wow folks okay so picture this right this is when i just looked at the p e the p is 50 on this thing okay um and i can you know it's like okay you get a you know a scrubs company basically but guess what i mean you look at they must have been buying something or something when you look at the acceleration they're growing by almost 30 percent a year in the united states the rest of the world they probably just started they're growing by 200 percent um the scrub business is 363 million and the non-scrub is 56 okay so let's take a look at this because guess what healthcare and those folks are never going away that's for sure and okay we'll put on a weekly i say okay so six ninety there's not much yet man that's the real bottom line um you know it's getting light of all i must come down to the six ninety you know so this week it got to 720 near 770 i just be careful man that's that's the real bottom line you gotta be pretty careful on that uh there's no there's no doubt about that let's go to earl and seminal hey earl what's going on hi Tommy good to hear from you you too how you been man i'm blessed as a lord yes as uh you know many of us would say we're above ground right yes i like to get your take down inflation is running wild and gold is headed for 1600 i know give me a little take on that listen man i that's about as swapped as you can get i agree you know there's no there's no doubt and you know what does happen yeah but let me put this up here for you because this is gets watch what happens here folks so this will get interesting i'm going to put the uh i'm going to put the continuous shot up and the gold is priced in dollars and u.s. dollars okay so the bottom line is that you know the dollar keeps going up gold keeps going down now that being said watch this when i put this i'm just gonna i'll put this on like a a two-year weekly or something so you can see it what's happening here what i'm going to do right is i'm going to change the currency now this is not going to help you and i earl but i just wanted to see what's happening across the world okay and then if we turn around and we say okay well put that in european terms right what you're going to see is the bottom line is that you know it's not quite the same well right now that would be well the high the all-time high is not let me see some yeah let me make sure it's the all-time high hold on 2011 is probably the all-time high but i want to see if okay well no this is how it shakes out okay so the bottom line you can see this is in europe and this is way over so i all-time high and gold is 2011 right there's there i mean it's working over there you know it's working in other currencies that's the bottom line there you know if we take this watch this if you take this and put it in let's see we'll put it in the pound do the same exercise here you can see look at it you know it's almost it's i mean pound wise it's all the way up there now you know i suspect what will end up happening is that the doll is going to pull back at one point and when that that's what we need that's that's what it comes down to man that's what we need you know so um yeah it's laying there and there's not buyers there's buyers across the world but that's still not enough to get it up where you know you and i and was ever into the metals market thinks it should be you know what i mean yeah meaning a store of value you know is the money flow into bitcoin hurting gold i don't see that but what i do see i was asking jacob about this okay because you know you're seeing jacob on here with best for the few times folks and you know he's he's he's a bright young man um with you know great education and you know he's out with 24 25 year olds all the time right and they don't they are not into gold there's no doubt about that now does that mean less demand i'd say yeah it means less demand but i can also say this is that it really so when there's less demand the price is not going to go as high right that being said i suspect by the time that they end up let's say the younger folk you know not into it and as far as they're concerned it's not you know value i don't think in the aspect that actually we're talking about that that is what's stopping gold i think what's stopping gold was that the dollar is almost at all-time highs you know what i mean if we look at this dollar i started so picture this this is how this is how well yeah well actually this is another way of looking at now watch this so i started the gold report when the dollar was at the 121 and gold was at 282 dollars so there it is right there there's that 120 there's that 120 so it's like to me that's saying it's going to be game now the last time that the dollar was at that gold was only 282 dollars so the low was 250 250 you know so when you're looking at that aspect it's doing what it probably should do meaning that the dollar is just that high but guess what gold is that much higher so we need earl we need buyers that's the bottom line man no sad but true big last time thank you have a great one man have a safe one was a great question folks because there's no doubt because if you're gold believer and you believe in value to me that's it man 10 tons of dirt to make one ounce of gold i'll take it all day long man stay right there come right back if you want to take advantage of this sector now is the time to subscribe to my gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30-day money back guarantee so you have nothing to lose every monday morning i published a gold report with coverage of gold silver bonds the xAU hui gdx as well as more than 30 different mining equities to see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com don't miss out on the next great gold trade 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 tfnn is excited about our new software charting program the art of timing the trade charts in collaboration with tom obrien and using his best-selling book the art of timing the trade your ultimate trading mastery system david white has programmed an outstanding piece of software that will complement any trader's methodology using this first-of-its-kind program the art of timing the trade charts allows you to scan thousands of stocks for fibonacci formation setups including guardleaf abc's butterflies and much more the art of timing the trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months searching to find and right now we're offering licenses available at only $79 a month we are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting tfnn.com this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com welcome back folks to dow dow industrials right now i down 292 nazics off 282 s and p's off 783 let's go to uh keith and see the rapids keith what's going on hey tom good how you doing i'm doing great man right ready for good weekend oh yeah man oh yeah i can't wait um hey listen got a question for you i know you have the option show and all that yes um what i'm trying to do is come up with some strategies to uh protect um downside like all the way down the ladder you know what i mean yep if you go all the way down the chain okay i just don't know much about options so i'm i'm out of my element and i wasn't sure that is that a call-in type thing or yeah yeah well the weekend resource so so you've never traded options right right so when you say you want to protect it you so what happens when you hedge there is definitely a way that you could go delta neutral and what that means is that you have on the left-hand side your balance sheet is what you have okay then and and and just you count right now and then the right hand side what ends up happening is that you're really buying insurance and you're buying insurance for a certain amount of time at a certain price that what would end up happening is that because you own whatever you own the when you go delta neutral the price you pay for that protection would be what it costs you for insurance that whether it went down all went up okay that you would still be at one price that's how that's that's basically how it works okay you know okay so so let me ask you this is yeah this is this is a tough one to answer over the phone anyway but um yeah the you you definitely want to okay so so let me ask you this we look if we look at the s and p right how far do you you want to protect yourself on the s and p well what i was thinking is um kind of like what what you've been saying down 3100 3200 okay i got it yep right um and then if we get a worst-case scenario even further okay you know hopefully these things don't even pay for them you know yeah i'm willing to make sacrifice but the problem is i don't know i'm not educated enough to yeah know what price what do i have to spend to cover so much i'm with you i know i know you know i do why don't you do this just send me an email so send me email it'll be one of tf and n right um and if you can put it put it i need a dollar value to try to just put a dollar value to try to protect okay and i really don't want to this is a tough one man i can show you how to how to you know hedge it but it's like oh i mean i can i could buy inverse etf too you know but i'm trying to think of multiple ways to do this and um the easiest just so you the easiest way to do it is that you just gonna buy protection inside the s and p and see what what's going on today so this is what i think's going on today which is going to be really cool is in the conversation so what happens when you get a huge expansion on the way up right and you can see that we have pressure on the way down today right well i suspect this pressure on the way down is actually people just like yourself and except that most of them are going to be professionals that are protecting the portfolio again and what's happening was that because we got you got the rule happening at all this in the option market is that when let's picture if i'm buying right now if i was buying protection this morning right that's saying the s and p on the ms deck right as soon as i'm buying a put and i'm not talking about a put here watch this we'll bring this up i'll bring this this this up how this works okay so i'm bringing up this the scale okay inside the cues right so let's just say that you know the cues right now are 261 right so what ends up happening let's say that you know you i want to go out to december and say okay i want to protect myself till december well if you go over to the you know basically the 261 area it's going to call well there's not a 261 there's a 260 what would end up happening is it's going to cost me you know 14 uh yeah 1400 per thousand all per thousand shares to protect that um let me show i get that right one second well because that's 14 000 actually it costs me 14 000 to protect 200 it costs 14 000 to protect 261 000 for approximately only 60 days so you can see because the volatility is so high that's pretty expensive man right yeah yep yep exactly and that was the other component you know would volatility being so high am i am i silly to even attempt this you know yes right now yes yeah okay so now let's now let's switch gears now let's switch gears let's say don't we turn around now this is where you're putting up more cash but what you are doing is you're and this is where in the inverse world you can turn around and you're getting a few of those inverse ones right and that what that is doing is that that is delta neutral on it you know close meaning you could do an inverse just a one to one i'm talking not not a two to one okay just a one to one you just you buy the one to one spy you buy the one to one q on the downside and then you add delta neutral right down there you're trying to do about the same mathematically the same amount of bread right that would be the most efficient way of doing it you know but you're gonna you just tell you know you're gonna end up driving yourself like it's pretty intense what you're trying to do no it is no listen it's good it would be it you should learn it anyway but i can just tell you because then what the battle is is this so i supported it you get an update oh should i take it off they put it on take it you know i'm saying i know i know yeah i've been struggling with that i just you know but i feel like i've come to the source you know what i mean yeah i mean i wish i had you know better answers for you um you know you can do it um give me that email anyway okay because i'm let me just i'll think this over we you gotta you know i guess there's there's no way around it right now because the vicks are so high that premium is up there man i mean that was that's that's quite expensive for 60 days do you know what i'm saying i know yeah i get it i know hey i appreciate it i wish i had a better answer for you man have a great one keith you too thanks man let's go to frank and go off to frank what's going on hey how are you Tommy wait a minute i gotta shut you off on this other thing oh i'm doing fine thanks you good man good so we got the kre which is the s and p regional banking etf the low is uh 60 the low is 56 the high 78 and yeah do you want to try that is it what i'm looking at is uh it's been in this downtrend and it's broken the 50% in the 618 yeah the downtrend begin in the middle of august uh yesterday it broke up through it it broke up above ice right today it seemed to come back to ice with lower volume um and the last swing high of october 4th it looks like it's gonna beat that volume of course the price is pulled back so it looks to me like i want to go back to the bottom of the consolidation but what do you think stay right there i like this trade frank yeah this is i'm used to this this etf man this is this is a strong etf man you know stay right there though i you picked it out when you pick see the volume this week richard's last there's no doubt you got body version 35 this one's higher price frank stay right there come right back stay right there folks vista gold owns and operates the largest undeveloped gold project in australia the mount todd gold project vista gold just completed their feasibility study resulting in a seven million ounce gold reserve vista gold has all major permits approved and has retained c i b c capital market assistance in evaluating alternatives and completing an accretive transaction vista gold trades on the ny sc american and tsx under the ticker symbol vgc vista gold executing a strategy to create shareholder value you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave the chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices get the opening call newsletter by basal chapman in your inbox every day first time subscribers also get a 30 day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or labd directions daily s and p biotech three times bull and bear ETFs visit direction investments dot com slash biotech today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-4767523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four side fund services LLC tfnn has launched the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the tiger's den available to all tigers and tigers is for just $1 for the year there's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of tfnn.com this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz welcome back folks i doubt down industrials down 310 naztac off 290 s and p's off 77 and i suspect what we're going to see probably pretty soon folks is rafael bostek the fed reserve president in atlanta is probably going to get canned because the bottom line they're coming out today that uh uh he this just came across the the statement okay that his personal financial managers made trades that ran filed the central bank rules that powell opened up an investigation um and uh it goes like this okay his statement is i take very seriously my responsibility to be transparent about the financial transactions avoid any actual perceived conflict of interest while the bottom line you start reading this yeah he's blaming his um financial advisors but the bottom line what he didn't do i think if he had put it in what he didn't do is put the trades in and he's claiming that he didn't know that he also had to do that we're talking about man frank from uh the glossed and we're talking about banks man we're talking about the kre um i like how it's set up frank because this we know this market is tricky right now man um but i like how this is set up because to me this is saying that yeah it does want to try to make a run up to the the highs of 67 man you know i mean i think so okay yeah i've been clicking through i've been clicking through my list of charts for almost a hundred uh banks that are in this uh kre yes most of them are not inspiring me very much i found one uh cfr that uh i kind of said wow that looks great but in general they all look kind of tepid i don't know yeah i know listen man what what's gonna happen let me just pull this one up here what's it created with oz k is the one this is my bank down here now this this bank here well this is good looking actually that's good so let me just look at this for a second because this okay so check this out frank now this this is oz k right and oz k yeah bank oz k and this looks like it wants higher price man and you know i happen to know this bank i mean i don't you know just because you know they're very aggressive um and that's still that chat's not bad man you know i mean i think these regional banks are gonna do our right they because they don't hold mortgages anymore do you know what i mean they sell well some banks do but if they hold the mortgages like oz k does hold the mortgages but what also happens is that you really have to do business with them and they know everything about you okay when they're holding a mortgage um that's you know that's like when you and i were kids frank do you know what i mean it's it that's a different relationship folks and most times those relationships aren't going to go south because the the bank has themselves actually know where you work you know how much you make and they're just not going through computers you know what i mean so yeah that's what a lot of these look like they look like the oz k's or a little bit worse this one looks pretty good yeah but uh yeah they listen they're all going to meet i mean i'm sure you saw the the interest income that jp morgan made this morning margin income was insane all these banks are going to make huge of you know because they're still not given it deposits any money i look i don't even think i i mean you're talking about pennies right and you know we know that the rates went up i mean you know they're charging more money for everything oh and i got to bring this up stay so check this out folks you know i've been talking about frank mortgages right and the amount of points i happen to see i'm i'm closing a house today someone's buying one of new houses right so i had the settlement last night check this out folks this is rocket mortgage and i this the buyer is a high-end deal period right guess what yeah 1.75 points yeah so you deal and we have some real problems in that mortgage market man i mean that that's amazing so understand how that goes folks 1.75 okay is $1,750 you know bottom up in the line for per $100 i mean per yep that'd be per per per hundred grand um it's big money man it's big money and that's got to be paid upfront folks okay so yeah all right well thank you very kindly okay man you have a great one to say fun frank yeah bye bye the uh let's go to zillo for a second so what's going on with zillo too uh you know zillo is trading in 26 right now they came out with their numbers what do they come on November 2nd they're coming out with their numbers right so with zillo this is going to be interesting let's let's look at this for a second because this is how zillo is going to be the zillo has a new business plan and the business plan that they actually have this ain't going to work either oh my god look at this zillo wants to go all the way go back down to 20 bucks so check it out folks we know yeah that's much of 2020 man so what would happen is that zillo went into the i buying right they've lost the fortune on the i buying business right they they were smart they they listened they they took their cut and that's huge because if we go over to open door watch this we go to open door open door technologies which is still the i buyer they're going to lose so much money they can't see straight that i mean it's going to be the biggest disaster in the world because they didn't get out and that's the last because that's their only plan okay and if you take yeah they're going to go out of business man this is open door this way we went from about 30 dollars there's nothing on the left hand side they're going out of business because this yeah let's look at this quick this is like the same so their revenue yeah 14 billion so pictures this is the way to do this this is pretty cool so they have 14 billion dollars in revenue this year right you could take that 14 billion folks right well let's say they're saying they're going to lose 60 cents i'm going to do the numbers on this quick because i gotta see this because this is right up my alley because i know this business upside down so okay 60 cents so they're saying 60 cents they're they're going to take in 14 point 7 billion okay did i say 60 cents okay lose 60 cents okay so then we got to see how much okay um okay where are you i'm looking for there it is right there 1.5 okay so 1.5 billion no 1.5 million yeah 1.5 no oh okay 628 million sorry here we go sorry this two seconds folks we gotta see this though this is cool well watch watch where i'm gonna go with this okay so come on come on okay so 628 times 0.60 okay it's 373 million and then i'm gonna take 14 i'm just gonna take 14 times 25 3.5 billion yeah there's not even close they're gonna lose at least they're they're saying they're gonna lose 376 million they're gonna lose these 3.5 billion because when you take when you look at these numbers folks so watch this when you look at this see this 14.7 billion you can take 25% off of that man every house that they're buying guess what they're losing they're the they already got caught in the squeeze they already have it buy see it don't want to be a that one just goes down 297 now it's like off 289 s&p's off 75 come on back folks 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 $37.50 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 you might think that if you want to be successful at trading in the stock market you're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide it's impossible get some advice from the experts you might find that it's not so impossible after all for daily market overviews that give you direction on the key indices selective stocks and commodities subscribe to the opening call newsletter at tfnn.com the opening call newsletter is written by basal Chapman creator of the trading methodology known as the Chapman wave the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices get the opening call newsletter by basal Chapman and your inbox every day first time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24 seven newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader Larry Pesavento on stocks you need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking expect notifications from Larry on market movement you need to act on at any time first time subscribers also get a 30-day money back guarantee if you're not satisfied let us know and you'll get a full refund within 30 days of signing up subscribe to the Fibonacci 24 seven newsletter today tfnn.com educating investors don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com and hit watch tiger tv that's tfnn.com and hit watch tiger tv welcome back folks and with the end of the story and Zillow and I forgot what I've got to sell with there's okay so picture Zillow got out of the buying business right because we just went to open door and they're done okay but Zillow got out of the buying business right then bottom line took a hip bucket out of it and guess what folks though they got into the mortgage business okay they're getting into the mortgage business heavily so what Zillow is trying to do is this they're gonna have to make it through the next two or three years what they're trying to do is that they're basically they have taken over flat out if there's any rentals in the United States folks Zillow has them all now okay because this is going to be Zillow against all the trial the real estate agents so they have all those for sure and have the in spades they don't have all the sales yet because they have the premium agents we were I paid for being a premium agent for a while wasn't worth it so we get out of that but now what Zillow is doing they're doing an on time the way that they're looking at it is this you go to look and Zillow at the house as you look at the house you're going to have a little clock that's going around when do you want to see this house they they just bought a company called showings okay which all the agents use so now they have that you hit the button bang that opens electronic keys the whole ball of wax you know who's going in then they're going to do the mortgages on top of it great plan on the way up not in a mature market we you know pass the mature market now it's a market that wants lower price but you get the gist of it so Zillow also is going to have some huge problems you know next two or three years they'll make it true and I'm not Zillow Zillow is not going to go out of business they would have been out of business I bet if they didn't get out of that if they didn't get out of that number oh and look at the number look at the number the difference that the next quarter is like you can see how they've been getting out of the business they they they lucked out man the first quarter 4.3 billion last quarter one billion next next quarter 459 million now it's going to be back to advertising they get back to the advertising model guess what they'll do they'll do fine you know always remember folks the back and claw your heart out the bull can run you over and thank god there's always another trade health happens in prosperity have a great weekend folks have a safe weekend come back and visit Tommy Monday morning man I mean this is quite a week man have a great one folks have a safe one well look at them folks