 The following is a presentation of TFNN, the morning market kickoff with your host Tommy O'Brien. Good morning everybody. I'm Tommy O'Brien, company live from TFNN Wednesday morning, 9.06 a.m. We got about 24 minutes to go until the start of trading and we got markets in the red to kick things off the S&P futures right now. Negative by 13 points trading at 46.65. We got the Dow negative by 47 points, 36,163 Nasdaq 100 in the red by 92 points, 16,120 to get the Russell negative by seven this morning. We got a hot CPI number that's driving some of the action this morning. When you look at commodities, you got crude up six pennies at 84.21. We'll be talking to our man, Teddy Kegstad from forex-trading-unlocked.com at 40 past the hour. We'll be talking a little bit of forex. We'll be talking some commodity is including crude as well. How about gold this morning catching a bit on that CPI data? Up $24 right now about at 18.50, 4.10. You see the spike there on gold at 8.30. Quite the spike indeed to higher prices. We go notes and bonds. You're talking about lower prices and higher yields, a little bit of volatility there. You're talking about pretty low yields on the 10-year still. We're talking about 1.48% right now. The yield on the 10-year, we're negative by 15 ticks at 131.12. The 30-year is negative 8 ticks at 163.15. We jump over to the volatility index. Elevated levels in the VIX on a continual basis. When you look where we were last week, 14.73. We came into Friday at about 15, the VIX rising to 18.35. All things considered, you get the market sitting right near all-time highs right now. We've had a little bit of a pullback, but keep your eye on that VIX. That is an elevated VIX for the type of market we have had. Negative prices yesterday, but nothing too crazy for a VIX pushing above 18 right now at 18.35. All right, let's get right into the CPI data this morning. Out at 8.30, inflation in U.S. builds with biggest gain in prices since 1990. That's the headline over at Bloomberg, CPI jumping 6.2% in October from a year ago in a broad advance. The core measure of consumer prices increased by the most since 1991. I keep talking about it. Remarkable when you think about the acceleration the core numbers are having. Excuse me, folks, still dealing with a little bit of a cold. Remarkable the acceleration the core prices are having. When you think about energy and food, the rapid increase that energy and food is having on top of it. So you have a record number since 1991 on the core measure and the other indicators that they pull out of that number to get the core number are rapid as well. So the headline number is 6.2%. You see it on a chart, man. Some big numbers. CPI is in the black. The core number is in the pink there. You see the spike just off the charts in a big way. The highest numbers since 1990 on that indicator and getting into here we go. Excluding volatile food and energy components, the core inflation rose 0.6% from the prior month and 4.2% from a year earlier. I mean 0.6% on a monthly basis. Things were already on fire last month. They're just increasing on almost record numbers. You're talking about 1991 shelter costs, which are considered to be a more structural component of the CPI make up about a third of the overall index rising 0.5% in October. The most in four months as higher rents and home prices feed into the data. The cost of hotel stays increased when you look at it though, folks, I mean, you're talking about shelter costs. That is not transitory. Okay. When you talk about rent prices, et cetera, rising 0.5% in the month when you combine all those, that's a third of the overall index to higher prices. New cars, 1.4% last month as the global shortage of semiconductors continues to limit inventories and drive up costs, use vehicle prices, jump 2.5%. And they take a look at some of the commentary in terms of CEOs out there. You have McDonald's talking about, we haven't seen, I'll say, any more resistance to our price increases than we've seen historically. They're jacking up prices, folks, and everybody's okay with it because they know their prices are rising, rents are rising, food costs are rising, wages are rising across the board. That was McDonald's. Chipotle, we feel very comfortable that any inflation that is affecting our margin today, we have the ability to offset it. I mean, they're telling you, folks, Procter and Gamble, PG. We've now announced pricing in 9 out of 10 categories, so very broad-based. It's coming, folks. It's already here. It's not coming in a big way. So that's the number this morning. Higher prices across the board, it seems like every single time we get those numbers, it's almost a record print across the board, but nonetheless, here we are, and you're seeing that impact, especially in that gold contract spike in a big way. Gold. That out, sitting up about $24 at $18.54. All right, where do we go to next? We got a lot of companies with earnings. We got a Rivian going public today with their electric trucks. And speaking of electric, let's jump over to Tesla. This one's a wild one, folks. You might see a 900-handle on Tesla after trading at almost $1,200 on Monday. You talk about a wipeout, folks. You're talking about a wipeout to the tune of $200 billion in market cap. There it is. Tesla shares fall for a fourth day after a $200 billion wipeout. And I think we're going to be flirting with under a $1 trillion valuation for that company on the open right now, with it pushing to negative prices on the open. As they say, you're down about 1.6% in the pre-market today. Three-day slide that erased more than $200 billion in value, plunged nearly 17% since Thursday's closed, two worst days of selling since September of 2020. I'd be careful of this one, folks, in a big way. And there's the market cap valuation of Tesla. You see the wipeout. It's had $200 billion in just a few days. That's real money, folks. That's money that was sitting in people's accounts. It's not real money until you close out that trade. That's the thing that you always want to keep your mind on. Elon's brother, he closed out his trade at least 10% to 15% of it the day before Elon pulled Twitter about selling 10% of his stake. I was talking about it on Monday. I was surprised that you didn't have a real sell-off on Monday, considering you had the CEO of the company talking about dumping 10% of the equity. That should be an alarm in many ways. The news comes out yesterday that you had Elon's brother is a board member of Tesla sold, I think it was like 280,000 shares or something like that. I'll have to get the number exactly. It was 10% to 15% of his position. It was a $110 million sale. His sale price, $1,129.00 to show you what a great exit that was of that position. There you are on the chart, folks. You were there for about two days and he got some great executions to get off at $1,129.00 for the average print to sell $110 million of Tesla shares with the type of volume that this equity does. Probably didn't have too hard of a problem getting rid of those shares with the type of volume that Tesla does on a daily basis, but not a coincidence, folks, that you have. Elon's brother selling at $1,129.00, he's got plenty of money. You don't need to sell if you think this is undervalued. Pay attention. When you got the people running the company, the two brothers, both of them selling shares at $1,129.00. The market paid attention yesterday and said, you know what? Elon's no fool. His brother's no fool. They were teaming up. They knew what was going on. An educated guess that maybe valuations a little lofty at $1,129.00 at $1.2 trillion for this company. Yes, it's an outstanding company, folks. It's going to be around, but they got some time to go maybe where they start achieving a $1.2 to $1.5 trillion valuation and you're going to open today down another $20 approximately trading at $1,005 on Tesla. We'll see where the market goes on the open though, folks, yesterday, yesterday, the open not kind of Tesla. Check out the action. 15-minute chart. By 10 a.m. yesterday, you would lost about $150 in the share price of Tesla. Stay tuned, folks. We'll be right back after the break. 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. 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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 4.00 p.m. Eastern. 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. Welcome back, folks. We're at the S&P's, negative by 17 right now. All the market's in the red as we kick off Wednesday trading. Let's jump over to our man, Kevin Hinks. Every trading day, folks, noon Eastern time, TD Ameritrade Network live on Tiger TV, fast market. Kevin Hinks, Tom White, the team at TD Ameritrade Network, breaking down the day's market action, walking you through hypothetical trade setups, talking about that market action. Kevin Hinks, we got a little bit of a hot CPI number. Seems like that's par for the course, though, these days. Good morning. Good morning, Tommy. Yeah, that CPI number was hot, but if you look at the numbers, Tommy, it's all energy. If you take out, not take out, but use cars and trucks up 2.5%. New vehicles up 1.4%, besides that, Tommy, every big number is energy. I'll go through it. Energy in general up 4.8%. Energy commodities, 6.2%. Gasoline. Fuel all types, sorry, 6.1%. Here it goes. Fuel oil, Tommy, 12.3%. Energy services, 3%, electricity 1.8%, utility pipes, gas service, 6.6%. So the majority, the lion's share of this hot number in terms of CPI is all energy, Tommy. And so who isn't aware that energy prices are higher, right? So I get that this number is coming through fruition, but it shouldn't really shock anybody. Yeah, I'm almost getting used to Kevin, even the prints when I read them. Highest number since, and then they go back three decades, almost. This one, 1990, even on the core number I saw over there. So not too surprising. The market, no real reaction, S&Ps, eight points away, maybe where we were coming into that number. We have all the markets in the red right now, but man, it's been quite a run to higher prices across the board. You have a VIX that's somewhat elevated, Kevin. Above 18, last time I checked, yeah, we're sitting at 1837. Quite a rise from the 1437 of less than a week ago. What do you see in that VIX, Kevin? We have had a market pullback, but nothing too substantial, man. You got the S&Ps at 4,663 points right now, and the VIX has just been steadily climbing to 1837 right now. Do you see anything going on there? Maybe a little cautionary tale of premium priced into that market. Yeah, I think some uncertainty has crept into the overall market at or near all-time highs. I think Elon Musk, his statements over the weekend have caused Tesla to correct. Remember, that's part of the S&P. Yes. That's probably driving some of it. There's a couple, you know, PayPal yesterday. That hurt the whole payment space, Visa, Mastercard, Square, all those names were soft on PayPal's miss. So yeah, there's a little bit of uncertainty creeping into this market at the all-time highs in the VIX, sitting just around 18, you know, it's barely even up today. So, you know, this market is dealing with little higher yields, but 147 in the tenure is not scary. What is significant in terms of the yield, Tommy, is the consistent flattening of the yield curve. What is affecting financials now more than just higher yields? I mean, a 147 on the tenure, that doesn't surprise that. That doesn't scare anybody. But the flattening yield curve is affecting some of the financials, Tommy. So yeah, there's things out there that are causing a little bit of uncertainty, not catastrophic uncertainty, just a little bit of choppiness up here around the high. Yeah, pretty cool. All the variables going on, like you talk about, I mean, tenure, man, you're back under 1.5%, even rising a bit today. The Tesla story, that's going to be a wild one as we go forward and see where the buying and the selling kind of finds a true demand point. Of course, Elon had himself quite a weekend on Twitter. News out yesterday, right, that his brother was selling some of his position maybe a day prior. The Musk brothers getting rid of some of their position at that, putting a little bit of scare in Tesla shares. Interesting, I hadn't really factored in yet. Quite an impact when you have a 200 billion market cap wipeout for that company as one of the biggest companies in the S&P 500, for sure. We go on from there, Kevin. We had a lot of Fed talk already kicking off this week. Of course, the discussion already beginning about Chairman Powell, whether he'll be in that chair going forward. What do you kind of take on that, Kevin? Do you see any type of volatility if he does get replaced? I know I'm asking a big, big picture questions here. But the market pretty calm with even the Chairman Powell, it looks like potentially, you know, and it's all up in the air right now, but I'd say more so than like last week or a week ago that he might have some competition for that job at a pretty volatile time right now in the market. Tommy, I believe that drone Powell is the most effective Fed chair in my professional career, which has been since the early 80s. He's done what I think is the best job at answering every problem that has popped up in this economy, including a 100 year pandemic. Now that being said, I believe that this administration has two decisions that they make. They either make no decision or they make the wrong decision. So their possibility that they could make the wrong decision and choose someone like Layle Brainer is certainly in the cards, Tommy. Should they? No, drone Powell should remain the Fed chair. He's completely effective in his job. Yeah, and it'd be tough to argue against anything you said right now with the way the market has behaved, the way the markets behaved, even as they start to taper some of the asset purchases. Man, just taking it in stride, which is remarkable when you think about the billions of dollars involved. And I'm just amazed at just the low volatility in this market with the potential to have a new Fed chair, which is pretty meaningful in the context of everything going on. Absolutely. Yeah, so we'll see where that goes. We got earnings, Kevin, man. We got stocks moving today already with everything going on. What are you guys going to be talking about on fast market coming up at noon today? So we have a great show lined up today. First and foremost, we'll look at Affirm, the buy now pay later company. And you should know that based on if you own a Peloton, that's who you're probably making your monthly payment to is Affirm. And then obviously the high profile name of the week is Disney, and it's everything, like Folio will do presentation on Disney. And then we'll follow that up with a little flow to the show, which means when recovering Disney, the streamer, why not cover the big streamer? And that is Netflix. So Affirm, Disney and Netflix today on fast market, Tommy. I love it, man. Pretty remarkable. I was talking about on my show yesterday. Two years ago is when Disney launched, they're talking about a mainstay in the streaming platform Arena, man. And only two years ago, they didn't even exist. Sometimes timing in life, man, can be everything. They launched their service in November. The pandemic begins in February and March. The whole world shuts down. Talk about being timed right for people being stuck at home. Disney, though, they've been in, and we have some Disney folks in my newsletter. Quite a consolidation of this thing's been in, man. Going back to the better part of really, almost a year ago, you had an acceleration in last December up to a high of 179. We're trading right now 175 after being a 203. And Netflix, man, the run this thing has had. I was reading an article today talking about gaming. Maybe they're gonna be getting into gaming they've talked about and how that may change things. Might be the next leg up, of course. They're gonna have to spend some capital potentially, but Netflix, man, the run to 690. They're trading at 656, yeah, 652 right now. Quite a run for Netflix and a firm. Seems like that's the next way that everybody's gonna get into debt, Kevin. I kid, but buy now, pay later. It's a trend, man, and a firm capitalizing. They're doing business with Amazon, catching a big bid. We'll look forward to the program, Kevin. We appreciate the conversation and the education as always. We'll be watching at noon Eastern time today. Always a pleasure, Tommy. Thanks for having me on. Always a pleasure as well, Kevin. Take care, folks. Tune in, folks. Every trading day, 12 noon Eastern time, you heard it. They're gonna be talking about a firm and we'll jump to Disney, because Disney, as he said, the main event of the week, Disney. Quite the run from last October of 120. The world figures out we have vaccines and we're gonna open back up. We're up to 203, but guess what? Disney parks, movie theaters, not quite open to the tune that they're looking for just yet, Disney trading at 174. We'll be right back, folks, for the open. Are you having fun trading the markets, but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex creditor in the trading markets and join the Tiger's Den Trading Room only at tfnn.com. 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The Art of Timing the Trade Chart 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 gonna 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. We get markets open, markets in the red to kick things off. You're looking at an S&P right now, coming right down to the lows we had pre-market last night at about midnight Eastern time. S&P is negative by 16 points, 46-61. You see the sell-off yesterday morning, right? Quite an accelerated sell-off from 47-100. You trade down intraday to about 46-65 yesterday. We're just below those levels right now. Trading at 46-62, NASDAQ 100, down about 127 points. We jump over to Tesla. Where are we going? Down 1.5%. Let's check it out. Are we below $1 trillion? Where are we at? Come on, keep up. 1.009, 007 Tesla at 1,003, down 1.8% continuing. Be careful of Tesla, folks, catching a bid. You want to see the run this thing has had. You put it on a daily. We were just trading at 800 bucks on October 12th. To put that in context, folks, you're still up 25% on this equity in less than a month at this price. Did you hear that? Still up 25% in less than a month at this price. Puts in context, kind of the run this has had, let alone if you back things up just to May, you're talking about less than five or six months or so, and you're almost a double-bagger from those lows we had back in May. Remarkable action. S&P is negative by four. You get the Dow. Only negative by three right now. Check out that pop, the Dow catching a bid on the open, man, watch out, 36,208. Now positive, the Dow. Remarkable strength continuing. All right, what else we got going on? We got Rivian going public today. Not public just yet, RIVN is going to be their symbol, talking about electric vehicles, Rivian. $78 a share, they're going to be pricing that in. I think that values the company at about $66.8 billion, something like that. They're going to raise about $12 billion in the biggest initial public offering of the year. I think it's the sixth biggest IPO ever is what I saw in there. Yes, it is, sixth largest US IPO ever. Amazon, they own about 20% of that company. Not about, I think it's 20% of that company that they own. Amazon catching quite a bid yesterday. Some of that having to do with Rivian because they kept pricing up the bid there in terms of what Rivian is going to. But man, Dan and the Tigers, Dan was talking about earlier. I mean, you had Amazon add in $45 billion almost a market cap yesterday. Meanwhile, their ownership of Rivian only translating to about $15 to $20 billion. Maybe that's the Bezos premium going on. Maybe that's just a little bit of a safe haven in Amazon. As you have a little bit of a slide in the market. I mean, Amazon, things have been in quite a consolidation folks, Amazon for the better part of 16 months has been chopping around between 3,000 and 3,500. You got above that price point when Jazzy took over as CEO to 3773, they come out with their earnings in July, costs on the rise, you trade lower, you come out with the earnings back in October, they tell the world they might not even make a profit in the final quarter of the year, which is the holiday season and we're dramatically above there, putting this back on a daily to see the run we had. You just traded from 3,300 to almost 3,600 on Amazon. Now the one thing I'll say folks, I don't get too caught up. I have Amazon in my retirement account, okay? I don't get too caught up on the earnings front on Amazon. Number one, you got AWS, the margins are through the roof, that business is going nowhere. They are a leader, they're gonna stay a leader in the cloud business for some time. When you think about their competitors, right? Amazon is leaps and bounds ahead of the likes of, in my opinion, Walmart target, and I even have some Walmart and Target in my retirement accounts, okay folks? They have appreciation possibilities as well, but there's nobody that gets it done like Amazon in terms of the level of service they have, right? You're ordering it, you can track where the delivery truck is, right? They tell you it's 10 stops away, look for the truck. That stuff is not happening right now for Walmart, for Target. So if Amazon has to do away with all of their profits, just to spend money to provide the level of service that we expect, what do you think's gonna happen with a company like Walmart and Target where they're trying to play catch up, right? They're trying to play catch up with a company like Amazon for their delivery services, et cetera. And at the same time, you have Amazon basically using all the money that they're making from AWS and their retail sector to wipe away the profits just to compete, because they're investing in capital and that's human capital too, that they're investing in. Keep that in mind, because eventually Amazon, at least their track record, has a great track record of investing in capital that pays dividends in the future. They're not wasting that money, the money that they have spent in terms of building out their delivery procedures unmatched. I mean, and that's how they, that's how he became the richest man in the world. Not sure if he's the richest man in the world right now, he might be the richest man in the world again with the way Tesla is trading over the last couple of days. Nonetheless, Amazon backing off a bit down 0.8.8% we'll call it, giving back some of those gains. You were up 2.9% at one point yesterday, almost 3% Amazon shares were up, as maybe everybody that was dumping Tesla shares yesterday buying some Amazon shares. All right, jumping around, what else we got going on? Kevin talked about it, the main event of the week, potentially for earnings is Disney today. We got some earnings last night as well though, DoorDash, an interesting one. They are buying one of their competitors for $8 billion, DoorDash. They come out with their numbers last night, you trade higher to 241, you're giving back some of those gains to 216, putting this thing on a daily. We challenged the upper bound to, we had in September, you're back a little bit to 215, DoorDash, off the lows we had of 110 back in May. Now interesting that Uber, which sometimes will be hit by that, not really getting hit by it, maybe actually trading lower on the news that they are getting a beefed up competitor in the eat space as DoorDash, buying one of their competitors for $8 billion, Uber right now down 1.9%. Let's see how Disney is trading right now ahead of their earnings, top about 2.10% trading at $175.44. All right, what else we got going down the line, how about Zillow? Working through the congestion of their homes, they're dumping 2,000 homes as the flipping business ends, selling that to pre-TM partners. They're the second biggest owner of individual family homes I believe, yes, second largest single family landlord behind invitation homes. They own 70,000 rental houses in the US, so they're gonna up that number by 2,000. Pre-TM has long been committed to providing quality housing options for residents at a time when moving ready homes or in short supply, we continue to invest in communities and improve access to housing throughout the US. Not a bad business to be in when rents are going through the roof right now. I'm sure they got quite a haircut from whatever Tesla paid, excuse me, whatever Zillow paid. The company plans to take a write down, this is Zillow of much as 569 million reducing worker force by 25% as they wind down that business, jumping over to Zillow shares today, down 810%. Now you wanna go long-term on this equity? Can't go wrong, potentially add in a little bit here, folks. You are right back to the highs we had prior to COVID. Remarkable, think about that. A company like Zillow, okay, if you said to yourself with everything that happened in the home market, right? Think about everything that's happened in the home market over the last almost two years. We'll go back to February of 2020 prior to the pandemic. Now, Zillow, I keep saying Tesla. Zillow announced their numbers in February 2020, you spike higher, you give back all of the gains. That's atrocious that this company is trading at the same price that it's trading at in February of last year, considering what has happened to the home market. I bring it up because long-term, you could at least dabble. This thing is showing no strength just yet, but you could at least begin a partial position. I mean, Basil Chapman loves those partial positions and it makes sense. Quite a haircut, folks, down from 208, let alone down from 100 bucks. Just recently, it's 10 days ago, trading at 66, but Zillow has a future. And to their credit, they realized they made a big mistake. They cut that business, they fired 25% of their workforce and they did a complete reset. And their stock price did a complete reset as well. All right, folks, stay tuned. We're gonna be talking to our man, Teddy Kegstad. 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, Four Side Fund Services, LLC. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com, then hit Watch Tiger TV. That's TFNN.com, then hit Watch Tiger TV. Welcome back, folks. We get the Dow off 55 points right now. S&P's giving back 12 points, NASDAQ off 110. Russell giving back 15 points. Let's jump over to our man, Teddy Kegstad. We talk to Teddy every Wednesday. Folks, at 40 past the hour, you can reach Teddy every trading day at Forex dash trading dash unlock.com. Teddy Kegstad, good morning. Good morning, Tommy. How are you today? I'm doing well, man. So let's kick it off with a little crude, if you don't mind, I'm sure. Crude, seems like no matter what we give back in this market, Teddy, even yesterday, the moves are just magnificent, man, on both sides. But just yesterday alone, taking a look at this chart, man, you go from 82 bucks to almost 85. You got a $3 move to the upside. We're pushing recent highs. I have an idea of what you might be thinking in this crude market still, but talk to me a little bit about crude right now as we're sitting just above 84 bucks in that market. Sure. Well, I'm still bullish. You can even see it in the FX markets with this rally and crude where, you know, a couple of weeks ago, I said that crude was back on the table for the currency trade for certain markets. And you can see how today, like for instance, the Japanese yen had a nice bounce today. Like it's like a balloon underwater rally going on today. In the low yesterday, he hit almost to the pit, the 50% we traced at market from the last major swing low to a recent swing high. So that's a nice little support area. So just technically on that aspect, but the bounce in oil, I think is the biggest reason why you're seeing that rally there. And you can see it by the US dollar, Canada sell off as well, you know, like, I mean, there's a little rally going on with the 30 year and a 10 year, which I think that's helping also. But the oil trade I think is really driving those markets right now. I think that's why you have the strength in the Aussie that we've been seeing for the past few weeks. And it's every time it tries to sell off, it bounces right when oil does. So I think that that really is on the table right now where as we're buffering these highs, I mean, I can see, I mean, you know, $100 is my price target for the end of the year, you know? So, and I think with Thanksgiving coming up in a few weeks, demand is gonna go crazy, you know? I mean, you know, unless we have supply issues changing and we now have the administration that wants to attack the oil industry again, they follow through with this stuff. We're gonna see $100 blow past that in no time. And then I think that's gonna support the US dollar yen and also crash the US dollar Canada making big new lows on the year, I think probably within the next few weeks to a next month and a half. Yeah, I mean, it's remarkable. We've seen some pretty dramatic pullbacks. I say dramatic, you know, five bucks, seven bucks, something like that in this market. But it'd be pretty hard right now. I agree with a lot of what you're saying. I mean, it'd be pretty hard to present a bear case in that crude market right now with everything going on, man. Just for the points that you made, coming into Thanksgiving, you know, my family might be doing a little bit of traveling. We're gonna be driving, we're gonna be potentially getting, you know, an Airbnb, something like that. And then, you know, doing a four-hour drive type holiday season, everybody kind of breaking out still in that market, let alone just the supply chain shortages and the demand that we're seeing across the board in crude, sitting at 84 bucks every time. And what's so interesting, I find myself when I look at this market, we've seen some pullbacks. I mean, they've been pretty few and far between. But we did just pull back from 85 bucks down to what we make a low of, 78 bucks, so a $7 pullback. And I found myself, even when that was happening, Teddy's saying, this is nothing, man. You know, 78 bucks from 85 is nothing. As in, we just went from $62 up to 85 in a one-way shot in August. So yeah, there's never really been too much weakness in that market. And just like that, you come roaring back over the course of three or four days. Can I follow up with one thing on what you're saying in the real market? With these dips, you know, one thing that most people, I'm a futures guy by origin, there's rollovers in every futures contract. Oil is one contract that rolls over monthly. So whether it's in a bull market or a bear market, you see a difference from the cash to the futures. A lot where you'll get either a break or a rally. It has to do with settlements of rollover and expiration between the options and the futures contracts a lot of the time. So a lot of these dips that we're seeing now aren't sell-offs necessarily that are happening because of selling. It's happening because of rollovers and expirations over the course of a month, you know? So that's when you see these little dips and then all of a sudden you see a surge because the premium or discount will always gravitate back towards the cash, you know, because cash doesn't expire, you know? So, and that definitely has a big, I think base right now for the price of oil. So when you see the dips, I think it has a lot more to do with spread expirations and spreads moving in the short run. So that's why I think the buy-dip scenario for oil is very high right now also. Nice, great point, man. Yeah, those futures markets. We all got quite a lesson a year and a half ago about rolling on those contracts in a big way. And yeah, the great point. Let's jump to the yen if we can. You talked about a little bit. We're getting some moves today. We got some moves in gold as well. We got a hot CPI number this morning. Bunch of influences going on in that market. Of course, I was chatting with our man, Kevin Hinksaw, to kick off the program in terms of auto's energy, in particular in that market. But yeah, we got the yen up to $1,352 this morning. You're almost a full point above your 80-80-10. It's a big rally this morning. Yeah, what do you talk to me a little bit about the yen here and what we're looking at going forward? I like the low that they set yesterday. I think technically it's good and I think the oil rally is supporting this. I think that you're going to see the yen break out to a newer high, probably may not be this week, but within the next week or so. You got one thing that you can see that the commodities are driving these currencies because if you look at like the Euro and the pound and the Swiss, they're hanging on these lows, but they're really going nowhere. But the US dollar yen does, it's trending. No one can, you can't look at the yen and not say that this thing is in a bull market right now. So, and I do have to say the trend is your friend with this one. And I've been calling for 116 before the end of the year. And I still think that that's very possible. And even 122 I think is on the table also closer than sooner than later as well as long as oil keeps on rallying, and especially with the tensions throughout the rest of the world, between the Middle East and Asia and stuff like that. So I really think that trend is there. I was just going to say, I agree in the essence that I started off and I was one to ask you about the yen. The yen always has an impact on gold. So we love talking about that, but it has had some movement and I'm always getting ready to talk to you on Wednesdays. And I was taking a look at those forex markets this morning and as you pointed out, there's kind of just been some chop here. You know, where now no real huge moves, you know, I mean the Euro for instance, we're going back to a price that we were almost trading at in September, which is pretty interesting in that market. Yeah, compared to some of the other forex markets moving. The Swiss is the European currency that you're getting the most bang for your buck right now. You know, the Euro is very tight trade lately. It's not, it's a range trader's delight and it's a trend trader's nightmare. Sure. West dollar Swiss, what do we look at? 91 right now from that and just recently even, right? Well, we were pushing almost at 94. I remember when we first started chatting with you, Teddy, that Swiss, it was parody, right? And we are far away from parody on the Swiss. Do you ever see that kind of getting back to that one arena? And geez, I got to go back. I got it up on the chart. Okay, because 2019 was the last time we saw that. If we have the Fed that starts to ease the tapering over the next couple of months and starts to stop to support the bond market, then absolutely I could see the US dollar Swiss. I mean, unless the ECB and the Swiss start to raise their rates in front of us and in a drastic way, I can see that the market rate's gonna push it. And then, you know, if we raise rates even slightly, I could see us, are we gonna go to parody right away? No, what I could see is trending towards it. And especially if we have an environment where we start to think that, hey, the Fed is gonna not just raise rates now, they might do it one, two, three, four times over the next six months, eight months or something like that kind of situation, then I think we could ever raise to parody. I can't wait to see what happens in the market when we get there, man. Right? That'll be fun. Teddy, I appreciate the conversation, man. As always, we look forward to talking to you next week. Absolutely, see you next week. Have a good one. Have a great one, man. Stay tuned, folks. We'll be right back. 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 a lot. Live on TFNN.com and TFNN's YouTube channel with Tiger TV. 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The investment is for four years, paying 7% per year or $7,000 per a $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 invested or $7,000 per year on a secured target first mortgage? The target first mortgage program may be just the program for you. The target first mortgage program pays 7% per year, paid monthly. For more information, you can call 877-518-9190. That's 877-518-9190. 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. We got all the markets in the red, but catching a little bit of a bid. S&P's right now, negative by nine points. Jumping over to Coinbase. Coinbase, with their numbers last night, disappointing a little bit, trading lower to $302 from a price point of $360, down 9.3% on their numbers. Jumping over to their numbers real quick. Third quarter revenue misses analysts' estimates in terms of what they came in with hop-up, which is a little bit more about how about a miss in this? 1.31 billion versus 1.57 billion. That is a staggering miss, folks, especially in the context of the way cryptos have traded over the last three months. You got Coinbase trading lower down to 302. You're down 9.1% on their numbers this morning. What else we got going on, folks? One week from today, Mr. Larry Pezzavento. He's gonna be doing a live trading webinar, folks. A five-hour webinar from 9 a.m. till 2 p.m. Eastern Time. Larry, he's got his charts all figured out, folks. He's in the Tiger's Den already. He's posting them. His program's coming up at noon Eastern Time today, and he'll be doing that webinar one week from today. When you sign up for this webinar, folks, it's $295. You gain a month of his Fibonacci 24-7 trading service. That's a $97 value. That begins immediately. I encourage you, if you're thinking about going, sign up for the webinar. You'll get his newsletter for a week leading up to that webinar. You'll be in there a week from today, November 17th. What we also do is that we've given free entry to anybody that paid for his previous live trading webinar. In August, they're gonna gain access to this, so we're gonna have a bunch of good traders in the room. They'll be asking questions. It'll be a great experience. I'm looking forward to it myself. I always try and be in those rooms when I can when they're going on outside of my program. One week from today, folks, check it out on the front page of tfnn.com, and that full five-hour archive webinar will be archives. If you can't be in front of that screen for the full five hours, that'll be archive. Watch it as many times as you'd like on the front page, on your account page at tfnn. All right, we'll finish it off with speaking of a firm, Mr. Kevin Hinks, the firm Zilch. Yeah, how about a $2 billion valuation? The buy now, pay later deal. It's, folks, be careful when you're buying now, paying later, because many times, much better to buy now, pay now if you can, as opposed to paying those finance costs. All right, folks, we got the Dow in positive territory. We got the Russell in positive territory. We got the S&P's negative by just six points. We got our man, Basil Chapman, live up next, folks. Fast Market, Larry Pezzavento at 11. We'll be right back, folks. Stay tuned.