 The following is a presentation of TFNN. The morning markets kickoff with your host, Tommy O'Brien. Good morning, everybody. I'm Tommy O'Brien, coming to you live from TFNN Wednesday morning, just after 9 a.m. Eastern time. We got about 24 minutes to go until the start of trading, and you have the S&Ps catching a little bit of a bid. Up by five points, we'll call it trading right at 4,400. As we speak, you have the NASDAQ 100, up by seven points, 15,380, Dow up 47, 34,262 in the Russell, up by less than one point in the green, though, at 1740. All the markets pretty calm overnight. We were a bit lower in the S&Ps, as low as about 4,388. I was up early this morning, about 6 a.m. just prior to that number, so S&Ps about 10 points higher. Then when I started looking at the market, about 5.30 a.m. Eastern time this morning. Bitcoin, backing off a bit. We've had some volatility with Bitcoin recently. Backing up on the daily, right? Quite the acceleration on the probability that you might get an ETF on Bitcoin, hovering at around 35,640. Crude. A lot of talk about crude in the Tigers down this morning, rightfully so. Check out the acceleration. We're trading lower yet again. Crude off by 80 pennies, 76,60. You back it up to a five-minute chart, and you see lower lows and lower highs. We make a low of 75,86, almost within the last hour. You jump over to the gold contract. Gold trades lower than 1,962 yesterday. We're trading at 1,970. Gold off $2 right now. You jump to notes and bonds. Sitting pretty much a little bit higher, but nonetheless, as of the close of yesterday's session, flat 1,0804. Now, we've been talking about the 10-year. You back it up. Maybe we get a little bit of a rollover. Maybe we get a test of that channel line. Time will tell, but a lot of focus on notes and bonds, rightfully so, with the 10-year basically flat right now at 1,0804. And we're also talking about that we have the 10-year yield right now sitting at 4.56. I think we're at 4.62% on the program yesterday. So 10-year yield off about six basis points in the last 24 hours, flat on the session, but well above the channel line at 1,0804 right now. We jump over to the volatility index. I think that's the seventh straight day. Look at that red. 1,471 is where we're trading on the VIX right now. Quite a drop off from the 21 to 22, coming into the end of October. Believe it, is it seven straight days in the S&P? Eight straight days in the NASDAQ? Either way, the markets are on quite a streak and they're picking up on that streak yet again. A lot of Fibonacci numbers on this chart. Let's back it up over here. Yeah, this looks to be the eighth straight bar. Pretty remarkable. You get it all back, but we are coming into an area. A little bit of resistance. That's the area that you topped out in the middle of October with trend lower below 4,100. We're right back to that area, 4,400 right now. And again, this is an area that in August was actually the turnaround spot. So 4,400 is going to be a critical area. You break through this area, what, 4,550? Probably the next area you're heading for, which would be the highs back in September 15th on the S&Ps. All right, we talked about notes and bonds. Let's talk a little bit more your trade. So we've had a little bit of a pullback. You had 10-year yields approaching 5%. We're now at 4.56, almost half a percentage point. On the 10-year, that's going to impact the 30-year mortgage. 25 basis points, 7.61%. Mortgage applications for home purchases rose the most since June. Noticeable pullback, the biggest weekly drop in more than a year. But boy, still well off the numbers that we were at, even 6.5 to 7, right? The bottom of this chart right now is 6.5 to 7. If you ever have this chart where 0 was the bottom of the y-axis, it would look a lot different. And that's how you can really make things look differently on charts sometimes depending on where do you start the x and y-axis, right? In this case, the y-axis has started at 6. Well, the drop doesn't look too substantial, but this has the bottom of the chart sitting at 6.5. I imagine that mortgages got to get below 6.5 for there really to spur something on. Because even a 7% mortgage right now seems a little expensive because we were stuck in a range that 4% was probably the norm for an extended period of time. So 7, 8%, you go back to 5%, man, you'll see a buying spree. 7.61, pretty interesting that even on that type of a pullback, if you're looking for a house and you just got a quote when mortgage rates were approaching 8%, and then you get a quote when mortgage rates are at 7.61, and if you are looking for house folks, shop it around. There's been other articles written, the stats say it. There is a huge spread right now, a larger spread than usual in terms of where yields are and where mortgage rates are. And because of that, you have different pricing in the mortgage industry and some mortgage brokers giving better quotes than others, so shop around that mortgage. But yeah, it's probably going to make a difference if you were thinking about it. Maybe that gets you over the edge for that last payment. Maybe you drop $100 on your monthly payment, something like that depending on the house that you're buying. Second straight weekly decline in mortgage rates is the first since mid-June, modest relief for a struggling housing market is how they put it. So we'll see where we go from there, but guess what? Since then, yields have risen, right? So that's kind of the back story of that. We get a pullback to 4.61%, but if you just zoom in on an hourly, I mean, you're talking about in the last week, we just had the 10-year go from 105.29% to 108.03%, and yeah, it doesn't look like we're pulling back to that channel line just yet, but that would be a full point lower, and we'll see where we go from there. All right, what else we got going on? How about Amazon? So Amazon, getting quite an acceleration yesterday up to 143%. I mean, you talk about some volatility, man. Amazon, from their earnings, excuse me, not even two weeks ago, right? What was that Thursday night? I think they came out with their earnings. So not even two weeks ago, from 118 to 144, 143.37 is the high yesterday to be exact. Now, yesterday, possibly having to do with TV viewership, prime viewership, football viewership in particular, and it is interesting. I find myself watching that Thursday night game. I got prime. Anytime you pull it up on the TV, you can pull up the live game on prime. You can pull it up on your phone very easily. And sometimes Thursday night, you know what? Winding down the night, I'll just pull up some football on prime. Why not? They're getting some good viewers. Of course, the NFL is getting some good viewers as well. Potentially this Taylor Swift effect being in there. Can't deny that one. But so Amazon trades higher yesterday, but today they got some more news. Now they're up 60 cents, possibly just with the market. But yeah, Amazon, where are they? There we are. Prime loyalty program with one medical discount. So right now, if you're a prime member, you can now get $100 discount for their one medical membership. Used to be $190.98. Used to be $190 a year. It's now $99 a year or $9 a month. They acquired one medical for almost $4 billion just over a year ago, July of 2022. And so they're juicing the prime benefits and they're trying to get you into their healthcare. And that's going to be an interesting one to see how that progresses. Yeah, so they acquired one medical. It also has pill pack, which they acquired in 2018 for $750 million. I was reading this one earlier. Yeah, they operate a network of boutique primary care practices in some parts of the US, primarily around major cities. They can access care from a doctor through the app. And they can also schedule virtual or in-person appointments at brick and mortar locations. Seems like that is where the future is going with medical, man. Even my doctor. I had just normal checkup, yearly checkup. This is going back like six months ago or something like that. And I got a blood draw and then an appointment just to go over the blood results, standard stuff. I ended up being sick that day where something happened that maybe I had to watch Tommy, called it up, said no problem. We'll just do it remote. Do it remote, logged into my computer, chatted with my doctor, could see him. I was just getting the results. The results were fine. Why not do it over and out? Amazon, getting more into that business. Stay tuned, folks. We got a lot to take a look at. We'll take a look at some of the numbers coming out after the bell for their earnings. We'll be back with our man, Kevin Hank. Stay tuned. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of 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. 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There's no catch or added costs when you join our community of traders. Sign up today to become a part of this educational community of traders. Just visit the front page of TFNN.com. Welcome back, folks. We have markets continuing to climb a bit in the pre-market. We get the S&Ps right now. Up by about six points, Nasdaq futures, Nasdaq 100 positive by 11, Dow positive by 52 to talk about some of the action. Let's jump over to our man, Kevin Hinks. Every trading day, folks, 12 noon eastern time from the Schwab network, fast market. With your host, Kevin Hinks, Tom White, the outstanding team. They're usually talking hypothetical trade setups, talking options and defined risk. Kevin Hinks, we got quite a streak and today we pick things up in positive territory yet again. Good morning. Good morning, Tom. Yeah, you know, we said last week when the non-farm payrolls came out and we looked to this week that there wasn't much to get in the way of this market. You know, it has room to run here and sure enough it's running. The bond auctions or the no-launches, I guess, yesterday and today will be important. $40 billion of 10-year notes. We should get that around 1 p.m. eastern time. We should get the results of that. Pretty big number. It'll certainly drive the afternoon trade and then tomorrow $24 billion in 30-year bonds. So it'll be, you know, Jerome Powell speaking this morning, but that's just the opening remarks. That shouldn't be very important at the IMF panel. He's on the panel tomorrow at 2 p.m. eastern. So that will be a little more important on the panel versus just opening remarks. But yeah, you know, Tommy, this market is certainly feeling lower yields, lower crude oil prices. A lot going on here. We talked about crude yesterday. You were talking about whether it was yields, whether it was price of crude. Today I just pulled it up. Light, sweet crude on the Thinkorswim platform down to $75 handle. Kevin, $75.86. I have it at $76.74 right now. I saw the headlines out this morning from mortgage rates down a bit to $7.61. Something like that, I believe percentage point. Seems like that seems pretty relative high. We do get a little bit of a pullback, but keeping in mind as well that we've now had yields pullback from that high. What do you think about that mortgage rate, Kevin? And I'm jumping around to housing a bit, but is there a level that you might think that pulls back to that really changes the conversation? Because people stuck at mortgages made it like 4%, right? And we're talking about a pullback from $8 to $7.6. It seems like that's a new normal, even if we get back to the 6% or 7% range and how that's impacting housing. Well, the real conversation is, what do higher rates do to new homes versus existing homes? That's kind of the divide in the road here. New homes are still doing quite well, even at these higher rates. And now that rates have come down slightly or stabilized here, mortgage gaps were up 2.5% in the composite this week. So purchases were up 3%. Refines up 1.6%. So think about that refinancing still up. Why? Because rates were higher and now they're off those highs, Tommy. So, yeah, I mean, I've always said, it's always been my theory. We are so behind in terms of supply of housing that buyers are gonna still be there. They may be waiting on the sidelines when rates spike higher, but the minute they stabilize or come down lower, that Q4 may just come rushing in, Tommy. So I think that phenomenon is still there for housing. But yeah, you're right. Existing home sales certainly being hurt by people with lower mortgage rates that don't want to sell, Tommy. Yeah, it's gonna be interesting to see how that plays out, whether we get low interest rates coming down the line and you made the point and there was an increase, man. And you look at it, it's probably a scenario where you're looking at buying a home and you don't have a home and you're looking at a payment on an 8% mortgage and then you look at it on a 7.6% mortgage and you say, I just saved myself X dollars per month and it's a substantial amount. With that in mind, Kevin, we got companies coming out with their numbers. We're nearing kind of the end of the marquee, but boy, we still got some big names. What are you guys talking about on Fast Market coming up today at 12, Kevin? Big day today like Folio doing the presentation on the only Dow stock coming out with earnings this week. That's Disney. There we go. That'll be out after the bell today. We'll also do Twilio. That comes out after the bell today as well. And then we'll look at, you know, we'll talk a little oil and we'll look at arm holdings and talk to them. So three good names today, but obviously the highlight being Disney coming out today after the bell. Can you give me a little teaser on Disney, Kevin? I have it up here on the Thinkorswim platform. About a $4.64 move priced in in either direction for the event. Not that much volatility, but we know that they have a lot going on, whether it's streaming, whether it's Iger back there, the Parks, of course. What do you think about Disney? We all know the stock price has struggled, man. I have it at $84.59 well off the highs of $200 a couple of years ago. Give us a little teaser if you can about that Disney conversation. What Bush analyst Dan Ives came out today, he thinks he's calling for Apple to buy ESPN. He thinks they'll spin off ESPN either in a majority investment. Now, I don't know. We have no idea what they're planning behind the scenes, but that was his prediction. So watch for Disney if they make any announcement about spinning off some of the television stations, spinning off ESPN, what they're going to do exactly. But yeah, you're right. This stock is basically on at or near a three-year low. I think the low is around $78. So it's trading 84.5 to start the day. So yeah, really interesting. Let's see how Bob Iger who, you know, let's face it, he's a great CEO for Disney, but he's going through some deep, deep problems at Disney. Yeah, I read one article about Iger. If you go back to actually when he was CEO and then you take it up to this point in time, the S&P actually exceeding the return, even though they've all done relatively well over that period of time. And you made the point pretty remarkable. I have it up here in the Thick Assume platform. The low during the pandemic of that spike low in March of 2020, 7907, you got to 7873. And that was when nobody could fly, nobody could go to any parks, movie theaters were closed. And still it makes it below that low. I saw some of that interview this morning with Dan Ives as well. And it was interesting. You talk about the money for ESPN and the fact that Apple getting into that MLS deal, Live Sports, and there is only one Live Sports entity right now. And it seems like that would be the case that hasn't really made it into streaming yet. Live Sports, right? But we will see. Kevin, I appreciate the time as always. I'm going to be watching Fast Market at 12 today. See what you guys have to say about Disney. I appreciate it. And we'll talk to you tomorrow. Have a great day, Tommy. You too. Folks, check it out. Fast Market every day right here on the Tiger TV from the Schwab Network. Kevin Hanks, Tom White. And it is pretty remarkable when you think about what the world was pricing in in the lows of 2020. And right now with everybody traveling, right? The park's doing excessively well. Streaming's a problem, cost or a problem. But they actually dipped below the pandemic lows and remember the fear that was happening then. And even in that moment of fear, when we didn't know what lockdowns would do, we didn't know what life was going to be like, we didn't know what the economic pullback was going to be like, we didn't know if anybody was going to have any money if they lost their jobs. Disney trades below that price level. And yeah, I think I was just talking about $30 to $40 billion potentially would be the ESPN price tag that they might push out. All speculation, okay? But you look at Disney, that represents more than 25%. I mean, you're talking about almost 30% of the value of the entire company is baked into ESPN alone. And you could even make it the case they buy the whole company, they got so much money. But really what they want is ESPN. You got Iger there that would do the negotiations. And it is interesting that live sports is nowhere in streaming. It's somewhere, okay? But ESPN in particular has made sure that they've kept the prime programming all on their TV channels because they make so much money for it. And I imagine that's about to change in the coming years. And so look for that, yeah? You know, I've gotten questions for Disney before. I have Disney retirement folks. We have nothing to the newsletter. But if you're looking for a long-term position on Disney, you can't go wrong. I think scaling it in back at the pandemic low prices of $78 to $85. You know? And can it trade lower? Damn right it can. Because look at this run that it had in 2011 of $30 up to $120. Nonetheless, stay tuned folks. We're coming back for the open. We'll be right back in three minutes. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex report. Teddy Kegstad breaks down the Forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, Forex, stocks, and options. Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs, including the Dollar Index, the Euro Dollar, Pound Dollar, Dollar Swiss, Dollar Yen, as well as many more. And he also has weekly coverage of the crude oil market and the 30-year T-bonds as they both influence Forex markets tremendously. When you sign up for the Tiger Forex report, you also gain instant access to Teddy's 60-minute webinar archive he just hosted, Forex strategies, and fundamentals. What is behind the Tiger Forex report? For all the details and to start your 30-day Tiger Forex report subscription today, visit the front page of TFNN.com. TFNN, educating investors. Teddy releases his daily Market Insights newsletter every market day before the market open, along with updates when warranted. 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At TFNN, you'll get advice and guidance from the authority in technical market analysis, and it's not just dry, tedious tech, 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. 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. Welcome back, folks. We've got markets open. You've got the S&P right now. Up by five points, trading at 4401. So we come into today with the S&P and the Dow up for seven consecutive sessions. We have the NASDAQ 100 or NASDAQ coming in today. Eight straight gains. Does that trend change? We will find out. We pick things up slightly in the positive. And as Kevin put it, what gets ahead of this market, right? We have some companies with their numbers tonight, but no substantial change. And that doesn't mean that we have to dramatically trade higher. But boy, the impetus to dramatically trade lower right now is very difficult. When you think about the Fed speak that happened, we have an economy that's still at 150,000 jobs. And what you have to realize is the economy is sustaining growth at a time of restrictive policy, right? Chairman said he is sure in his mind, can't be sure, but in his mind, he's fairly certain that the policy rate that they have right now is fairly restrictive. And even in that case, we're growing. So as inflation comes down, it's going to become more and more restrictive because growth is decreasing and the interest rate they have is still at the same rate. Therefore, the gap is larger. So they have an interest rate set at almost 5.5%. And as we come down to 4% growth, 3.5% growth, 3% growth, it becomes a more restrictive policy rate because you want to match the growth with the policy rate. Ideally. So what's that going to mean is that if we sustain some form of growth, which we are, as we bring down inflation, eventually they are going to have to cut. And man, it's going to be an interesting day in the market when they figure out that Chairman Powell has it on his mind that he's looking to cut at a specific date. And that's where the market is trying to figure things out right now as we come into 2024. With this conversation, you just traded up from 4122 up to 4404 as we make highs right now with the S&P is trading up 9 points, Nasdaq 100 up by 19. Russell, you talk about Russell volatility, man. Look at where the Russell is compared to where it was August 1st. August 1st, you were at 2020. You're trading at 1731. The S&P is only 230 points off that price level. Russell, just huge laggard in a big way. Nonetheless, the S&P is up by 9. All right. What else are we going to jump to? Interesting stories out there. How about some New York City Casino action? It is amazing how the sports owners kind of built around their stadiums or what be and then capitalized on that real estate opportunity as well. And Steve Cohn, the hard rock, they have a bid for $8 billion in a casino complex right near City Field where the Met Stadium is. They're going to call it metropolitan something. I was listening to it this morning. Just interesting, man. $8 billion. So there's three casino licenses that people are businesses that are up for grabs that people can buy for. It's a 50-acre parking lot in Queens next to City Field. So much for the parking lot. That's coming down to we got an $8 billion casino coming in. In Tampa, similar thing in terms of where you are, in terms of the owner, and building out around that entire area. New York is probably nothing like tamp in that same regard, but it would make sense. And boy, that would be a heck of an area in terms of an entertainment complex with an $8 billion complex right next to where the Met's play. So not surprising to see him putting in some money there. The new gaming complex would create 15,000 permanent and construction jobs out there. And we stay on casinos. We go to Las Vegas and Caesars. Las Vegas, Caesars workers reach labor deal easing strike threats. So Caesars, they'll be back open there. Culinary workers union local, said Wednesday it reached a tentative labor pact with Caesars, laying the foundation for similar agreements with two other companies, MGM and WIN. And you actually have MGM, I believe, out with their numbers after the bell today. Jump around. MGM, we jump over to the Analyze tab. Yes, they sure are. There are today. They got about a $2.25 cent move priced in for their numbers, and the stock's been struggling, man. Let's back it up a little bit further. Pandemic lows at $6. And look at that top. Look at that double peak, right? You make a peak in 2021 at $51.17. You get 17 pennies above that price level at the beginning of this year, and then trade off to $35. So MGM out with their numbers after the bell. See how Disney's trading with their numbers after the bell. Disney basically flat. We've talked about right near the pandemic lows for Disney. All right. And let's jump around to a little bit of WeWork. So WeWork is going BK. And yeah, is this the beginning of the commercial real estate bubble kind of imploding? Because you're going to have creditors, okay? You're going to have owners. They are a large tenant, and I think they're breaking something like 75 leases at least. Let's see. They say it? I was reading a couple articles about this this morning listening to it on Bloomberg as well. Okay. So here, aside from the debt, cutting back leases is another critical part of the plan. The company expects to slash its rent payments by $654 million next year. Much of that saving comes from canceling leases in at least 105 locations in the U.S. and Canada and renegotiating rent on 58 other. So yeah, you're talking about 163 leases, and those are going to be large leases that they're going to renegotiate with landlords, with creditors, and pretty remarkable Newman walks away regardless. That was the conversation yesterday, rightfully so. And nonetheless, he walks away with hundreds of millions, if not up to almost close to a billion dollars, they go BK and they were once at 47 billion bucks. So be careful out there. All right, speaking of money, man, this one's interesting in terms of influencers. Logan Paul and KSI's Prime Drinks are set to surpass $1.2 billion in sales. Now they have sponsorship deals, which are pushing this out, so they're probably spending some big money to plow into that type of sales. Wonder how that works out in the long run. But $1.2 billion in sales for an energy drink? Is this a Prime Drinks? I'm not even familiar. Has anybody in the den heard of these Prime Drinks? I mean, I'm probably not the demographic in my 40s for these, but $1.2 billion in annual sales. I mean, you've seen it with Kardashian, with Kim, in terms of pushing out brands, and it's pretty remarkable. But they have arrangements with the UFC, Major League Baseball's L.A. Dodgers, Arsenal, the soccer club. Nonetheless, remarkable what you can do with social media following these days. Okay, let's jump back to the market. We'll take a look at some of the other equities moving this morning. You got Rivian out with their numbers. And check it out, man. They were strong numbers, and they give it all back. That is a tough one. Rivian, let's pull the headline over for Rivian. Hold on. Where are they? I'm up here. Shame on me. Okay, I'll find Rivian later in the program. We're going to be coming back, talking to our man, Teddy Kegsack, coming up after the next break. But they had strong production gains. Looks like that's not going to cut it, man. Look at that fall-off. And Rivian, of course. I mean, imagine they almost got we work out to the public, right? They almost got it out. If Newman had just been a little bit more constrained, and he did okay, but probably made a few more concessions, right? Giving up a few more board seats or something like that. They might have actually got that out to the public. They didn't. And it's gone BK within two or three years. Rivian, they got it out to the public. Traded up to 180, and even this morning, 1741 for Rivian. Remember that. They were pre-revenue valued at like $100 billion, $200 billion, bonkers. All right, folks, stay tuned. We're coming back with our man, Teddy Kegsack. We'll be talking some currencies. We'll be talking some crude. How about that pullback in crude recently? Dollar index this morning. Up about 15 pennies at 105.69. That crude contract, 76.71. We'll talk about yields. We'll talk some currencies. We'll talk some commodities. Take a look at the yen as well. Stay tuned, folks. We'll be right back with Teddy. 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. And now they are expanding their reach with the Tiger's Den. Available to all tigers and tigers for just $1 for the year. There's no cash or added costs when you join our community of traders. In the Tiger's Den, you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas, interact with other tigers and tigers as they share trading ideas, news analysis, and discuss the market action all trading day, even at night and on the weekends. 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This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Back folks, we've got markets holding on to gain so far with the S&P up by about eight points, trading at 4403. We've got the dollar index right now, DXY, up about 15 pennies at 105.69 to talk about some of that 4X action. Let's jump over to our man, Teddy Kegsat. Folks, you can check out Teddy's Tiger 4X report every Monday with new issues, updates throughout the week when warranted. Head on over to the front page of TFNN right under the newsletter tab. You'll find that he's got a couple of great courses under the services tab as well, talking about webinars that you can access. But let's jump into that dollar index and some currencies. Teddy Kegsat, good morning. Good morning, Tommy. So I always love reading your letter on Monday's man and I was, you lead it off usually with the dollar index. So maybe if we can lead off with the dollar index, we're kind of in a little bit of a chop here off the prior levels, but 105.68. What do you think about the dollar? Maybe we can start there. Sure, sure. We can start with the dollar index. Now, one thing you got to think about is what's gone on with the Fed meeting recently. Okay, so the reaction I think that we're getting from the markets is interesting. However, I don't buy the fact that we're picking a top in yields right now. I think that's what the media is doing and the consensus is doing. And I don't like to try and pick a top or a bottom, especially in something like the stock and like the SMPs or the bond market on such a heavy trend that we're experiencing. And I think the dollar index, you have to realize that we're coming off a lower move high and we made a lower move low, you know, on Friday. You know, so I mean, right now we're in a short-term correction with the dollar index. I still think that we could probably probe support a little bit more. And I have three trade setups that kind of are going with that, which would mean that we'll probably see the dollar index test support over the next few sessions. Now, are we going to go very far? Well, you got to realize the dollar index has been on a terror for the past, like, you know, four or five months. You know, so for us to have even just a three to five percent correction is a profit-taking move, you know, it has nothing to do with the overall economy or trends overall going on. It's just healthy. So yeah, I'm a little bit bearish to dollar and if you would like to talk about the yen, the euro and the pound, I got some trade setups that would kind of reinforce that view if you'd like to go over those. Let's do it. Where do you want to start? Okay, well, I think I don't know if you can pull up a euro-US dollar chart. Sure. Okay, so if you pull that up on the daily, okay, you'll notice that we made a new high on Monday and we've had relatively just a little bit lower of a trade going into today. I think that today's bottom is very critical and sometime between today's trading right now, going into tomorrow's close, if we can take out the high from Monday, that would be a nice indication that we could probably see the euro-US dollar get a move of probably up into that 108 pushing 109 handle. Okay, now that would put pressure on the dollar index, okay, if this was to occur. Now, this trade is forming. That's saying to buy into this break right now, you need a confirmation of tomorrow. If tomorrow we get, take out the high from Monday, then I think you have a very good indication that you're going to catch a nice rally that will trade into Friday and into next week, okay? Now, if you can pull up a British pound US dollar chart, that's also setting up in a very similar pattern, okay? So if you see how we made that high on Monday with the low that we're coming off of today, if that holds and if we can trade high or up towards that high or take it out, you know, somewhere between today and tomorrow's close, once again, you're going to have that bullish situation which will weigh on the dollar index because these are two heavyweights in the dollar index, okay? So if they both break out to the upside, I could see the pound pushed at 125.94 up to maybe even 127.32. Remember, the pound can give you more bang for your buck on volatility, especially when it starts to spike into an area, or trend, it's starting to trend. So I'm not saying that we're extending a trend, you know, but I think there's a possibility to probe that because the situation is brewing right now, okay? But once again, I wouldn't say to try and buy into it right now, wait for confirmation tomorrow and then jump on the trend then. And here's the kicker that I think will really, really touch this off, okay? And I know you like talking about the yen because of its influence on the gold and other markets. Now, if you look at the US dollar yen chart on a daily basis, they've been rallying off of a nice higher move low. However, if you look at that higher move low and the last low before that, you have kind of a head and shoulders forming. So if you take the low from last week and the low was at, I think the low was on October 30th, okay? And then we have the second low, which was November 3rd, okay? Those two lows there are your neckline. If you draw a neckline from there, if that gets taken out over the next few sessions, which would coincide with the euro US dollar and the pound US dollar going up, the dollar index should take its support. You have a nice little slide there and all three of these currencies could give you a nice move. So the yen you could see probably retraced back to that 148 even. So even 147, 250, something like that, 147, 300 area. So you're looking at some nice trades that you can get on for a few days for sure. Those are great, man. I appreciate you walking us through them. Three great trades. And what kind of room do you give yourself on a trade like that, Teddy, in a currency trade like this? You know, let's just say even the yen we're at 150.83, so you'd be looking for maybe a pullback to the 149 area or 149. What's the low? 149.18 is the low of November 3rd. And if you're making a trade there looking for lower price there, what kind of a stop do you try and give yourself? What do you think about that for people who are not currency? That's a great question. So let's take the US dollar yen trade on that. So my point would be, so the low was a price point. It's 149.18. So if you were to sell it, let's say you had a stop in to get in the market 149.17 or 15 or something like that to give yourself a room to confirm the low. If you take that out, I would use pretty much the swing high which would be probably set today. So that would be probably around 151. So there's a little bit of a gap there. It's not like a cheap trade. However, if you're looking at what you're looking to make on it, you're looking to make every bit of two to one ratio. And potentially, if the dollar index gets hammered, let's say that I'm right on these trade setups on just a currency basis. But what if the yield curve actually starts to fall apart and they start to pull back strong that reinforces that trade? Well then, and we even have lower oil prices, that could give the yen, you could get it down to 145.09 and that could happen within a period of three to five trading sessions. So then you're looking at three to four times your risk-reward ratio right there, which I think is a tremendous type of opportunity for this situation because it's reinforced by other currencies. I always say that the best indicators of the markets are other indicators. I have a lot of friends, why don't you use this or look at this and look at that. I'm like, is there all lagging for the most part and price discovery is not the same as indicators, what they give you when it comes to gauging over, bought, oversold and what have you. But one thing that's pretty pure at any given moment is what's going on with another market. And if you use other markets as the indicators, that's when you get your strongest reinforcement for trades. I love it, man. I appreciate three trades. Everybody likes concise info, no floating around it. You got price action, you got a stop, and you got to love clarity in terms of where your price level is when you have your stop, where you think you're going to get in for momentum, and you have a trading plan, and sometimes it works, sometimes it doesn't, but at least you have clarity as opposed to getting in a trade where you're not quite sure what the level is, so that's what I like about how you set those up. And folks, we archive every segment we do, every interview we do, so you had so much great information, Teddy. If anybody wants to check it out, write on our YouTube channel to search and check that out. And don't forget about the Tiger Forex Report, folks. You just heard that was a great segment, Teddy. Thanks for putting that together. Thanks, Tommy. I appreciate it. We'll talk to you next week. Sounds good. Take care. Folks, check it out. The Tiger Forex Report right under the newsletter tab. Three great trades, and I like that clarity. We'll be back to finish up the program, folks. Stay tuned. The Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the U.S. futures market, and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, The Dollar, Bonds, The South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com 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 Basil 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 Basil 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. 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That's almost a quarter percent right now, turning it 4406. We're coming into a natural area right now, 4400, a nice round number. That's the area that we topped out on October. That's the area that you bottomed out at from August 17th to basically August 25th and you back it up even a little bit further and you can see the chart that we had around 4400 when you go back to June of this year as well. That's a daily chart we're looking at right now. So 4400, a critical area in terms of our first brief pullback, an area of June you accelerated higher from. That's your pullback in August. That's the area that you chopped around at in October, most importantly probably. The probabilities of streaks are very difficult and we're coming into the 7th or 8th straight day. We got quite a shift here from the chairman. Follow that up from a somewhat Goldilocks jobs scenario for the month of October. So don't think that the market might not be getting ahead of itself when it just gained almost 300 points. I mean you're talking about what's 4406 minus 4122. That's 284 S&P points which is about almost a 7% pop from the lows. Yeah, pretty remarkable. 7% pop from October 27th. So there is some optimism priced in here. Remember Disney earnings after the bell. Let's see how they're trading up about 30% to check in on Amazon after their strong day yesterday. You check in on the big dogs. Apple. Man, this stock is so strong. Apple up by 810th percent right now. You jump over to Microsoft speaking of strong. Up by 610th percent Microsoft is going to make all-time highs, man. Watch out. How about Google? Up by about 210ths, NVIDIA, the poster boy for AI up 1.4% right now and we jump over to Tesla. Why not Tesla off about 310th percent S&P's trading up by 12 points basically session highs right now 44.07 the highs back in October will end the program 44.30 so only about 23 points away from that actual spike high. Folks, thanks so much for starting your trading day right here at TFNN. Stay tuned. Basil Chapman he's coming up next right now. Live with the Tiger Technicians Hour. I look forward to talking to you tomorrow. Have a great day. Basil's up next folks. Have a great one.