 The following is a presentation of TFNN. The morning, markets kick off with your host, Tommy O'Brien. Good Friday morning everybody, I'm Tommy O'Brien, coming to you live from TFNN, 9.06 a.m. on Friday. We got about 24 minutes to go until the start of trading and we got markets catching the lift this morning on a strong retail sales number, already in the green coming into that number at 8.30, but I got the chart of the S&Ps up here. We're up nearly 21 points right now trading at 44.50. You see the acceleration at 8.30 on that retail sales number we trade from about 44.42 up to high overnight this morning, I should say 44.5375 to be exact. We backed off a bit. You're still positive by about half a percent. You put this thing on a 15 minute just for the week we've had, you back it up to the lows of Tuesday and Wednesday. You're talking about 130 S&P points. We are above that price point 44.50 as we come into the opening bell for Friday. Tech stocks higher as well. Now you look at where we are though in terms of the 8.30 volatility, you saw the spike higher in the S&Ps, NASDAQ 100 actually giving up that spike. Dow accelerating higher, we're above 35,000 in the futures, positive 235 points, Dow at 35,000 and 16 gets you 35,000, Dow hats out. Russell positive by 18 points as well. You see the Russell catching a bit. So on that retail sales number, you get the Russell higher, Dow higher S&P holding onto some gains as well, but growth stocks not exactly extending. Speaking of extending, how about crude? We hit 82.30 overnight, we're trading at 81.76. Gold pulling back in a big way gives back all the gains it had on Wednesday and Thursday. We're back to almost the lows you had on Wednesday, 17.69, gold's down 28 bucks or 1.5%, silver's down 20 cents at 23.27. We jumped in notes and bonds, a little bit of a reversal. This is part of the reason why you're seeing growth stocks as we're seeing higher yields, growth stocks not accelerating to the degree that you have the Dow, S&P, maybe the Russell, you have the 10 year yields right now approaching 1.56%, 1.56. We're approaching 1.5, pretty much in yesterday's action. Right now you're negative by 10 ticks at 1.3106, the 30 years negative 16 ticks right now at 1.5919. And we jump over to the volatility index. Could we get a 15 handle to end the week? Very possible, 16.24 was the pre-market low in the VIX. We're trading at 16.53, just to back things up. I mean, look at this fall off in volatility. There was a sustained VIX above 18, going all the way back to September 27th. You were above 17, right? Going back, we got a 16.99 print on September 10th. We got a 16.89 print on September 7th. We are now back to remarkably September 3rd volatility index. You think about that was really the beginning of the run to negative prices in the markets. When we got the August non-farm payroll number in September, we come into basically the end of summer trading. The markets really fall out of bed September 7th. We had a high in the VIX of almost 29, and just like that, we wiped it all out. Interesting, we're coming into earning season. We got Netflix kicking things off next week. Now we have Goldman Sachs out with their numbers today. Let's jump over to Goldman before we get into the retail sales numbers. Goldman right now, you're trading up about 10 bucks to $400 on the spot. Goldman was at 391 yesterday. You put this thing on a daily, so where 400 is, you get a high of 420.76 back in late August, 400 right near the upper boundary line for Goldman Sachs trading higher on their numbers. Now let's jump over real quick before we get into the retail sales since we just pulled up Goldman, big numbers. How about earnings? Almost a 50% beat, 14.93 a share versus 10.18. Revenue, almost $2 billion extra. What's going on with the estimates now? Investment banking was huge here. Getting into some of the numbers. There's the earnings, revenue. There's the revenue, 13.6. Yeah, I guess I had another article up here. I mean, they beat in big ways. We'll pull it up. Maybe I had the Bloomberg article I was reading earlier, investment banking. Yeah, strong investment banking and trading results. Maybe this one has a little bit more details. Now, I want the actual numbers. We'll pull them up later in the show. Nonetheless, strong numbers from Goldman, investment banking. I wonder how analysts missed the mark so much in investment banking where deals coming down the pipeline pretty much something you may be able to find out about. But nonetheless, the banks beaten a big way. Expectations were sky high and they've all kind of beaten a big way. Now yesterday it was interesting. We had a little bit of a divergence going on in terms of what happened after the opening bell yesterday. You had Bank of America. All the banks traded lower immediately, but then you had a portion of them regain those gains. There's Bank of America's action. You make a low at 10 a.m. before you charge higher. Compare that to Wells Fargo. No trade hire in Wells Fargo. Wells Fargo continued dog down to 45 bucks yesterday. Catching a little bit of a lift today. All right, let's jump over to those retail sales numbers because man, you cannot overstate how much of a beat this is, I think. You're talking about an increase of 0.7% is the headline number. We'll get down. So auto surprise with a 0.5% increase after a 3.3% decline in August. Autos ain't going down just yet folks. Getting into the headline number. Overall retail sales purchases increased 0.7% in September. Following an upwardly revised 0.9% increase in August, the market was looking for a 0.2% decline. That's a big number. Let's see. Excluding autos, sales increased 0.8%. The market was looking for 0.5% advance excluding autos. So a beat across the board, I mean a huge beat when you look at 0.7% versus looking for a decline. Just the fact that you had a rise of almost a full percent when the market was really expecting a decrease in retail sales. Just scrolling down. So broad improvement. Yeah, getting into the sectors. 11 of the 13 categories posted increases last month. Sporting goods and hobby stores, 3.7%. General merchandise, 2% big numbers. Higher prices across an array of spending categories in recent months as businesses pass along. Materials shipping and labor costs. Inflation obviously on our minds. The so-called control group sales which are used to calculate GDP and exclude food services, auto dealers, building material stores and gas stations where it was 0.8% in September. So the market takes that and runs with it obviously. We extend the gains that we had whether it was from Wednesday's low. I mean Thursday's action was all upward action. We came into the market in higher territory and all day you traded higher in the S&Ps and we extend those gains overnight and you're talking about I mean what's to get in the way of these stocks right now as we come into Friday trading the banks exceeded expectations in a big way and we march into earning season kicking things off next week with some of the growth stocks with Netflix coming out with their numbers. Taking a look at Netflix, why not? As we come into the opening bell. Higher we go to 6.38 from 6.33. Take a look at Disney shares, Disney trading at 1.75. Let's check out some of the bank stocks this morning. Amazon shares up about six bucks so far and as I mentioned right growth stocks with a little bit of a rising yield this morning we're now above 1.56%. I mean check out some of the moves going on here. Look at this drop off in the tenure in a big way we're down 12 ticks right now and it's not stopping at 1.3104 yields now above 1.56%. That's seeing some sustained pressure on the NASDAQ 100. You can see we're basically where we were almost at the close yesterday. We'll give it a little credit in terms of a little bit higher but you're talking about a quarter percent versus S&Ps a half a percent, the Dow six tenths percent and the Russell nine tenths percent. Quite a pop on the Russell in that retail sales number. All right folks stay tuned, be coming back. Check out what else we have going on. Some of the equities moving this morning. We'll look at the banks. We'll take a look at Netflix as well with their numbers next week. Stay tuned folks, we'll be right back. 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. 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We'll see how we react. Jumping back to what else we have going on. Jumping over to Bitcoin. So Bitcoin, did we just get a high? Did we? 60,695, what's the high? 65,000, there you go. Man, this thing does not stop. You're up 2,000 bucks again. There's your acceleration right out of the gate at about 10.30 last night where this thing pops from 57,000 and change up to 60,695. You're trading 60,305. Let's jump over to Ethereum real quick. You have Ethereum. 3890 was the high last night. You're trading at 3819. Ethereum, you have a high of 4406, both trading pretty much together. And Coinbase, you're at 265 today. I was talking about my program yesterday for the rapid run that we've had in Bitcoin. You have Bitcoin almost back at the highs versus you had Coinbase the day Bitcoin went public at about 429. I imagine if you got in two, I mean, look at where Bitcoin has been. You back up Bitcoin in August. All right, no, excuse me. July 21st was the low at 30,000, okay? Coinbase on July 31st was trading at 235. If you said to somebody that bought Coinbase on July 31st at 230 and change, that Bitcoin's gonna be back above 60,000 by October, where do you think Coinbase is gonna be? Pretty sure they would have thought that Coinbase might be trading above 260 to 265. Point being, be careful with Coinbase. There's a lot of growth already priced into this equity regardless of what price Bitcoin is trading at. You've seen the frenzy. I saw some headline out there that there was another exchange that eclipsed them as the number one out there for a period of time. So they have some competition coming down the line as well. Not to mention, you're gonna have, what is it, PayPal or Square? You're gonna be able to buy crypto, hold crypto. They're first in the sector. They're gonna be a player forever for sure. But they're gonna have some competition and they have an evaluation right now. You're pushing, I think. Yeah, $56 billion market cap for that company. So buy or beware. All right, what else we got going on? Checking over, no, this is, I wanna get in here. So ETFs, talking about ETFs, they could be coming down the line. That's part of what's causing this big, big run here. Let me just pull up. I wanted to pull up. This graphic I got from Bloomberg today. They have, this might be in one of the articles I was reading about. So you see that in terms of when the potential approval of an ETF could come down the line, it's remarkable that it has arrived. As in, we're talking about potentially four by the end of the month with five out there November 1st. I've seen the stats of probabilities and who knows where these probabilities came from but all probabilities not equal for these getting passed. Some of them more likely than others. Nonetheless, they're all up for approval by the end of this month, the four of them. And then, excuse me, the fifth on the first. Now they talk about, you know, whether it's institutional, right? And retail demand, it's right near the highs as the deadline looms, the cutoff for action on pro shares and vesco filings is next week. And they've been pushing for this for about a decade. But I was reading articles about this last week as well that some analysts say, you know, it's not a signed, sealed and delivered. Yes, you can make the case that it may happen but not signed, sealed, as in there could be a reversal here. And when you have Bitcoin trading basically at all time highs, I mean, folks, remember the last time that you had Bitcoin trading at all time highs, they pushed out coin base to the public at $400 and change. Bitcoin is again gonna be pushing all time highs at a time that you might have ETFs come into the sector. The big difference here is that if you get a retail exposure for a regulated ETF, I mean, you see it with the likes of gold ETFs, right? Is it the GDX? And here are the actual approvals. So this is what I was talking about in terms of the approval dates, the possibilities. Pro shares has got a two to one odds of getting approved. Not sure where they're getting these odds, okay? But you can see down the line, Van Eck, they're at a 21 for some reason, Galaxy, not sure what they're doing, but they're at 50 to one. They can get their act together. No, I'm not sure. It'd be interesting to see how those diverged the odds of getting passed approval, excuse me. But you can see even further in November, right? I wonder why these are such outliers as you get further into that strategy, into the line in terms of how many getting approved. Nonetheless, they're coming down the line, but I would be by and beware at 60,000 Bitcoin when you're pushing it out. But as I said, you start having people buying ETFs, they're gonna be forced to buy Bitcoin. It could just add to the volatility of a very volatile index already already, as we're at 60,000. All right, point made there. All right, let's jump around to what else we got going on. Some of the stocks are moving today. We talked about Goldman Sachs, Moderna's rising after the FDA panel recommendation for a booster, they also got an upgrade today as well. They were talking about in the den earlier, Piper Sandler, I think upgraded Moderna as well, Moderna shares. Quite a pullback recently from 450, 497, the high back in August down to 300. This morning though, we're up about 10 bucks. There's your pre-market action, but 340 for Moderna shares. Oh, Virgin Galactic, this is a good one. Okay, I got this article ready. Virgin Galactic falls after delaying first commercial flight, shares slide on unexpected rescheduling to late next year, potential issue with joint materials in a lab test. Now man, you wanna talk about buyer beware folks, stay away from this equity. From 24 bucks down to 18, you're up from that low two bucks already to 2047, but you're gonna open down almost 20% on this equity. You take a look at the ebb and flow of this equity. You rise up to 62 bucks in February. This is just this year folks, down to 14 bucks in May. You rise back up above $55 when Branson goes into space. They raise money, they push shares out to the public on that news at 50 bucks in change. All right, and you're back to 24 bucks. Now I believe this is the equity that you've had some of the founders. Yeah, you had a run-up back in 2020 as well, not to mention the run-up you had in December. I believe, and I'll pull it up, that you have a lot of the founders even taking out some of the money they've had in here. I mean, you have a run-up to 50, 60 bucks, you push it out with the PR machine that's the best around for Richard Branson. Hard to argue that he does not have a PR machine that's one of the best around. And they push it up to 55, 60 bucks, he flies into space, they push paper out to the public, it pulls back, then they announce things are delayed. Buyer beware in a big way there. They have a long way to go to be turning anything to the tune of profits. When you talk about a company valued at $5 billion, even at yesterday's close, okay, so you were pushing 14 billion market caps, something like that at the higher levels. The whole space tourism industry folks might be worth a couple billion dollars over the next five or 10 years or something like that, right? It's a very niche business. Where you can gain some valuation is if you follow Elon Musk's lead and you start pushing defense contracts, that'll push you up to 100 billion market cap. But just pushing space tourism travel, okay? When you got a 14 billion market cap, there's a reason why the founders were cashing out and pushing paper to the public folks because that company does not belong as a company that's worth 14 billion, let alone it doesn't belong to be a $5 billion company either because that's what it was last night and you're gonna be down 20%. They're gonna push back flights, they're not quite there. Listen, Branson realized he had to get into space. The race was on, that was the deal. He had to do it, he did it, they pushed the stock up, they raised the public money and now they're dealing with the woes of an actual company that's struggling and you're down to 20 bucks overnight and I imagine that's not where you're gonna stop on this thing because even if they're pushing out flights, okay, they have a tough business model ahead of them in a big way, but nonetheless that news comes out down about 20%, told analysts in August he was targeting a first private astronaut flight leak shoot three next year and that pushed back as they're gonna delay that even further. Stay tuned folks, we'll be right back for the open. S&P's up 22 right now, Dow up 256, we'll be right back. Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with? 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This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. We've got markets positive, S&Ps up 21 points, Dow up 220 points, NASDAQ 100 up above 47, Russell up 22 points, jumping around to commodities. Bitcoin, commodity currency, either way up 2200 bucks right now, above 60,000. Gold contract, continuing to slide a bit, down 28 bucks right at that 1770 price point. Been there since about 9 a.m. this morning. And we jumped to notes and bonds for the action right now. You're down about 12 ticks at 130.105 right now in the 10-year. You get yields at about 1.56% and we jump over to the VIX. As we got a VIX at 1653, volatility getting sucked out of this market for whatever reason, I'm not sure. Seems like there's still some fears as we come into an earnings season that's supposed to be pretty volatile. What happened to all the fear of an earnings season that has the pressures of wages, supply disruptions, et cetera? Earnings may take a big hit. We saw what happened with FedEx last quarter when they came out with their numbers. You had FedEx go from a price point of 250 down to 230 in change and we're trading at 228 on FedEx, but that having to do with spending, 450 million dollars in 90 days extra. And it looked like the market knew it was coming right? Look at the action that FedEx had from June through September, you trade from 300 down to 250 into their earnings and you gap lower away on what they had to spend. Quite a pullback for FedEx shares. Speaking of retailers, retailers expect to disappoint holiday customers, study fines. So interesting, now this article was out a couple of days ago, but interesting going over, when you talk about three out of four retailers are talking about potentially, shoppers expect more from stores than they can deliver due to labor squeeze according to a survey by Workforce Management Specialist UKG, 85% expect supply chain disruptions to affect customers. We've become pretty spoiled in the day of Amazon, days of Amazon, excuse me, same day delivery, next day delivery, sometimes same day, sometimes within the couple hours delivery. I use Instacart for groceries. I have groceries delivered within an hour or two paying a premium of course. If you're out there, you really got some items you want for Christmas folks. We're only two months away. We're two months and 10 days, right? It's called October 15th. We got Halloween coming down the line this month. Thanksgiving next month, Christmas in December. Go out there and get those presents because it can't go wrong. You can't go wrong. This might be the season you want to avoid some late shopping, because I imagine we're gonna see things play out. The tough part about when supply lines are so strained is that when you get a rush, which you're gonna get at Christmas, those are gonna be exacerbated even more, right? So even more so than usual, you're gonna see supply chains disrupted, maybe wages making it difficult for companies to hire the way they would, not having as many employees on hand to process orders, et cetera, very real threat that you think you can order stuff late in the day, late in the season, I should say, and it arrived. I mean, Amazon was notorious and making sure things got to the home when they were supposed to around the holidays. They always have that kind of deadline, hardline number of when you can order. It's probably December 21st or 22nd, right? Make sure your presence arrived by Christmas Eve. I would not be trusting of those types of guarantees this time around, folks. Amazon usually gets it done, but some things are gonna be out of some people's control. Retaining workers can be difficult as well, according to the study. So this was 312 store managers, owners and executives between late August and early September. Okay, things have gotten worse since then too. About 84% of retailers said they expect employees to voluntarily quit at least monthly. This season's temporary hires are critical to get through December, but permanent positions are even more important to fill, according to retailers. Nonetheless, that's gonna persist, folks. Interesting when we have retail sales out this morning, right? Big numbers in retail sales. We get some lofty expectations for holiday season. We have markets basically sucking all the volatility out of the room. And meanwhile, we're coming into a period of earnings that might see some wage pressures, inflation, pet pressures, supply chain disruptions, et cetera. Let's take a look at Netflix. Netflix shares, basically flat today at 6.34. We're gonna pull up on Netflix. Let's delete that. So next week, excuse me, we have earnings out for Netflix. And I'm on the thinkorswim platform. You can see the implied volatility, folks. If you want action through today, you got about an $8 implied move. Okay, those are the options that expire today, October 15th. When you go to the next week, $42 move. That's right, because guess why? Because we got earnings next week. $42 implied move, basically meaning if you buy an at the money put in call, you're talking about $21 on each side of that. And they're out with their numbers. And man, they're gonna have some lofty expectations when you just went from basically 500 to 6.35. I mean, what is that? That's a good 26% pop in the span of two months coming into their earnings numbers. Now, Netflix did have a nice consolidation. You consolidated for the better part of more than a year from June or July, I should say, of 2020. You finally break out of that trading area in August or 2023. There's some huge consolidations going on. Amazon comes to mind. Amazon shares, you're talking about from same area, Netflix, June or July of 2020. Amazon's still in that consolidation, trading at 3307 right now. Top of that range, about 3,500. If you take a look at the Fibonacci, 382 is where we pop back to, 29, 59, kind of the bottom area of the consolidation lines up to that 382 from the full run we had from the COVID lows of March of last year to the highs of 37, 73, July 12th. All right, jumping down the line to what else we got going on for stocks moving. We talked about Moderna. We talked about Virgin Galactic. PNC is also out with their numbers. They beat 375 versus 320, revenue tops estimates as well. Let's see if they hold on to the gains. All the banks, big numbers in a big way. No, not holding on to the gains. They're down 2% on the open right there, 198, 14. Let's jump around to Goldman Sachs. See how they're trading on the open this morning. Goldman Sachs shares, up 2%. Let's see how the other banks are reacting. Look at this, Morgan Stanley up 1.5% extending the gains. Bank of America up another 9.10%. Now we have rising yields going on today. All right, we got the 10 year down 14 ticks now. We're talking about session lows right now. That's putting a little bit of a bid in a big way in the bank. The city's up 2% right now. Let's check out JPMorgan. They started it off Wednesday, up about 7.10%. Wells Fargo, the dog of the group, still up 2.4%. Wells Fargo traded lower in a big way yesterday. Jumping down the line, what else we got going on? Let's see. Alcoa, yeah, Alcoa out with their numbers as well. 205 versus $1.80. Aluminum producers revenue top estimates. Aluminum prices have been through the roof. AA is their symbol. There's a pop for you, up 10.1% Alcoa. Aluminum, my goodness. Look at this run. That's back a year. That's your three-year weekly. From COVID lows of five bucks, we're trading at $53 right now. This year, folks, this year, we were trading at 17 bucks on Alcoa back in January. Quite a run for this equity. Aluminum through the roof. Commodities in general, through the roof in a big way. Crude right now, look at this. Back to a 15 minute. We got crude right near highs of $82.23 right now. Gold continuing to slide down $31 right now. Gold 17.66. You know what, I'm just gonna jump over and take a look at, as we come into this break, some of the FX, the Euro-US dollar right now. Because we get some moves going on. 116.01, pretty tame action. I was jumping around earlier. You take a look at the move we've had for the US dollar yen. I mean, look at that, right? Take a look at the daily. Quite the run this thing, it's just continuing. From almost 109, less than a month ago, you have the US dollar yen right now, you're pushing 114.39, quite an acceleration. And that contributing to gold as well. All right, folks, stay tuned. We'll be coming back after the break. S&Ps right now up 22 points. Remarkable, within 100 points of the all-time highs, yet again in the S&P. Check back to the NASDAQ, see what other equities we have moving. We'll check out what we have going on next week as well with earnings. Stay tuned. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa, and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. 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You're rising yields, and still with rising yields, you get tech stocks in the green right now. Dow up $201 right now, $34,989, just dipping back below $35,000 in the futures. Russell, the strongest index, up about nine-tenths percent, 22.91. You wanna talk about a consolidation, folks. Look at this consolidation we've had in the Russell. You gotta go back to February. This thing has been chopping around between 2100 and 2300. We've gotten above that price level on a couple occasions. You could call it about 2340, with the prior peaks we had in June. And late June, the real high we had was March 15th, but we're talking about coming right up to that upper boundary line in the Russell right now, 22.90, positive by 18 points. All right, jumping back to the headline I had up there. So the U.S. is gonna allow vaccinated foreigners to enter from November 8th. So this was the order that was announced, scrolling down for that date. September, yes, first announced September 20th, but there was no date that was on that originally. As the Biden administration didn't immediately say when the measure would kick in, airlines have been applauded the move. Of course they have, they want more customers. So November 8th is the day that that goes into practice. The U.S. is gonna recognize any World Health Organization authorized vaccine for foreigners. Foreigners are going to need, here we go. Vaccinated people, yeah, so if you're vaccinated, you need a prior test in the last 72 hours. This is for non-citizens. If you're unvaccinated foreigners, you're generally gonna be barred. Unvaccinated Americans need a COVID test to come back. Airlines, I mean, that was already priced in. They knew it was coming down the line at some point, but nonetheless, when it actually puts a date on it, you're seeing an acceleration. You have American up 2.2% right now. You got Delta shares up 1.5% right now. United Airlines up 2% as well. Not gonna have as big of an impact on JetBlue. You'd think, but guess what? We're up 1.8% on domestic even, because I'm just talking about international, right? So maybe the airline's not exactly trading up because of that. Let's jump over to Southwest up about half a percent. Check out the cruise ships. All the travel stocks, I guess. Carnival up about 2% right now. You take a look at this thing. You could say, I mean, you're talking about right near the lower boundary line of this channel line we've had on carnival. Upper boundary line maybe matching up with some of these peaks here. We did get a little ahead of itself potentially. Maybe you take, excuse me, maybe you take a little linear regression, try and find where that line best fits the peaks that we've had. Nonetheless, you see kind of near the bottom channel line. Eventually cruises will take an acceleration to upward price territory and we are still so far near the lowest. I mean, remarkable that you're talking about you could be in negative prices by buying the cruise ships 16 months after June. That's where things get scary in investments, folks, where you miss out a run on the S&P. You say, I'm gonna get in cruise ships. I know it's gonna take a while, but maybe I'll ride out that longevity until they get back to a time that we've been at previous and, man, things taken a little bit longer than we thought, but maybe, maybe, because when you put that thing on that daily, quite a little trend we're dealing with and we're right near the lower boundary line. Speaking of right near the lower boundary line, cannabis stocks, my goodness. You think you got some action going yesterday and the market gives it up. Can it be, this thing has just been a dog from 56 bucks. We're down to 1286 in October, we're at 1356. Now, yesterday, check out the run this thing it has. They bought Juana Brands, which is the biggest edible maker in North America, I believe. And the market loved that idea initially until they sold it off and now you're basically back to almost where that deal didn't even take place to 1355. You take a look at this thing on a five-year weekly, okay? You are back to where we were trading at, yeah. No, let's back it up even further. What were we back to? Yeah, this is what I thought. November of 2016, almost five years ago, you have cannabis trading at prices. People have been in this stock for five years and you're at break even. That has to be frustrating, but man, this thing is talking about ebbs and flows, but not the action you wanted to see yesterday is the point there, you're selling off again. You're already down a buck from where we were yesterday in the middle of the day and they are just struggling to find a bid. Now, Constellation owns about 40% of that company. This thing has been quite the company. You back up a three-year weekly to see the full COVID lows. You really accelerate in November with the market up to 244. If you're looking to get into Constellation, the 382 of that run was about 212. Maybe we'll get back down there. That's an area that we had support in Constellation about August through October. That might be a better play, probably a less volatile play to say the least. If you do want some exposure to the cannabis sector, you get into Constellation. They got Madelo, they got Corona, along with some type of hard sell to brand. I forget what they have in there. And I may have a couple shares of Constellation folks. I forget I do. It's a strong company. It is and I've traded it and it is a strong company and it allows you some exposure to the cannabis sector without trying to go all in on some of these equities because no matter what you choose, till-ray shares, can you find a bid on that chart, folks? Remarkable. And things just not progressing to the speed they thought. I mean, you put this thing on a five-year, you go back to 2018. Remember when that hit 300? My goodness. Talk about people getting pilfered in a big way. All right, what else we got going on? Jumping around to some of the stories. We'll stick to NHL. The NHL is back. You got the lightning. Back-to-back champions, not bad. Gotta love hockey, folks. If you don't love hockey, give it a try. NHL started its billion-dollar deal with ESPN and Turner Sports here, so how many people watched the season opener? So the NHL had been on NBC Sports for the longest time. That deal changed. You have them going with ESPN, a billion-dollar media rights package with ESPN and Turner Sports. And they had opening night a couple nights ago. Tuesday night, I believe, was opening night. They got the numbers out there now. You had an average of 884,000 viewers for the double header on Tuesday. Now, that's an average, but when you get into the numbers they had for each one, you had the season open up with Pittsburgh at Tampa Bay. Tampa Bay raised the banner on that game. Pretty cool Tuesday from last year. Pittsburgh got it down against Tampa six to two. That game averaged almost a million viewers. On Tuesday, peaked at over one million viewers. And then the second game, you had the expansion team, the Seattle Kraken, at the other most recent expansion team, this Las Vegas Knights. That game a little bit less, 782,000 viewers. It would make sense when you have an expansion team. Interesting that they decided to go with Seattle Kraken and then the game two there, but nonetheless some pretty strong numbers in sports. So it'd be interesting to see how that plays out in terms of the streaming wars. Disney shares up about a tenth of a percent today. You were down to 170 earlier Wednesday, but they have ESPN. It'd be interesting to see how they leverage that because that's gonna be part of how these things play out. And sports are just one of the, I mean, I think there's something like the most watched programs for the year. Sports programs make up a large majority of those because you got the Super Bowl in there, right? Maybe you have the World Series. Maybe you got the NBA Playoffs, et cetera. Sports dominate in a big way and that's part of the reason why I like Disney. Now, Disney, you wanna talk about a consolidation, folks. You've been chopping around between 170 and 180 and change. You pull it up, you're right at that. 382 is 170. Look how many times this thing has touched 170, right? Whether you back it up to January, May, June, July, September, up to 174. Consolidation can persist though. Stay tuned, folks. We'll be coming right back to finish up the show. Sharpening your skills as an investor is like getting better at playing a musical instrument. 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We got the S&P's up 23 points right now. Quite the acceleration from Wednesday's lows. We have the Nasdaq 100 positive, Dow up 273, Russell up 22 points. Folks, Tuesday, coming down the line, Tuesday, amazing. We're talking about October 19th. Basil's gonna be in there with opening call. Subscribers for a webinar, 90-minute webinar, folks. What to prepare for into year's end and what sectors to focus on. Basil will be in there from 4 till 5.30, following Tom's show on Tuesday afternoon. If you haven't checked out the opening call, folks, a great time to do it. You can sign up on the front page of TFNN. You can sign up for whether it's the monthly at a price of $149, six month, $695. You save 22% or $199. The year you save $593 or 33% at $1195. All of those come with a 30-day money-back guarantee. So if you're thinking about staying on, I encourage you to do so. You can check out the six month or the yearly or just go with the monthly, all them 30 days. Now, you gain access to, of course, Basil's opening call, daily trading service. He puts out updates every trading day, also has updates most of the time on the weekend. Sometimes he puts videos out there. And what you also gain access to, I pulled it up over the break. Now, Basil's up next, of course, Tiger Technicians Hour. But you gain access to the archive webinars and we reference it many times that you can watch these as well. And just a quick glimpse, I say he's got six, seven, eight of them. I mean, talking about dressing up the charts and the Chapman wave, you got an hour and 37-minute webinar, folks, that Basil did earlier this year, a few months ago in April, you gain access to that. So check it out today. You gain access to all of this over the weekend. You gain access to Basil's trading service. And then, of course, you gain access to the 90-minute webinar he'll be doing coming up. Tuesday night, October 19th from four till 5.30, what to prepare for into the year's end and what sectors to focus on. Pretty remarkable that you got Christmas in two months and 10 days. When I put it that way earlier in the show, I said, man, I'm gonna end my program, pull up Amazon and start doing some shopping. We'll see. All right, folks, thanks so much for tuning in. Starting your Friday with me, stay tuned. We got Basil up next. We got Fast Market coming up at 11. Larry Pezzavento, he is live at noon. With trade, what you see? Steve Rhodes, we're gonna have a replay. He did his program at eight o'clock, but Steve's program will be airing at one day white live at two o'clock. And Tom O'Brien, my dad live from three till four. Look at this SMP, folks. It's catching a bid yet again. We got the SMPs making basically highs for the session right now of 27 points. The Dow above 35,000. Russell up 25 points. Gold down 25 bucks. Maybe it can find a little bit of a bid on that bounce. Stay tuned, folks. Basil's up next. Have a great Friday.