 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, coming to you 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 a little bit mixed this morning. We have Microsoft, they're becoming close to the biggest company in the world right on Apple's heels. We'll get into that. We're trading higher after their earnings last night. Right now you have the S&P's up by about four points, trading at 45.70. You're about 20 points away from the all-time highs we had yesterday. Zooming in on the S&P, we had quite a sell-off, 11.30 a.m. We traded from almost 45.90 down to a price point, 12.45. You're talking about 45.60, almost a 30-point acceleration. And then that's the final 15 minutes of the day, folks. You traded from 45.80 down to a low of about 45.63. We're just above that level right now at 45.69. NASDAQ 100, trading higher. Microsoft trading higher today. Google was lower. They've reclaimed some of those losses. The NASDAQ 100 up about 28 points. We'll jump over to the tech stocks in a moment. We got the Dow up 34 points right now, 35,678. We got a lot of companies with earnings this morning. We're going to go through them. You got Boeing out. You got Coca-Cola out as well. The Russell, negative by seven points right now, trading at 22.86. And why not? Well, let's jump down to see what else we have going on before we jump to Microsoft crude, backing off a little bit, 83.41. We were up Monday to 85.41. We'll be talking to our man, Teddy Kegstad, from forex-trading-unlock.com. At 40 past the hour, we'll be talking a little bit of forex. We'll be talking a little bit of crude oil, as we usually do as well. Goal contract right now, positive by $2 at $17.95. Notes and bonds. Talk about a little bit lower yield. How about 1.57%? What happened to 1.67%? 1.57% the yield on the 10-year. We're up nine ticks at 1.30, 28. The 30-year is up a full point and three ticks at 1.60, 02. And we jump over to the VIX right now. Volatility index back under 16 at $15.93. Okay, Microsoft. We jump over. Strong numbers from Microsoft. Man, you're up $6.00. You spiked to 3.19, 06.00 on the overnight high. That's an all-time high, folks. We came into last night with an all-time high yesterday at 3.12. We closed it out at 3.10, 11. Again, this is a daily. I mean, look at this acceleration. Just from where we were on October 4th, you were trading at 280. You're gonna open at 3.16 this morning, higher prices for Microsoft. And let's get into some of the headline numbers for Microsoft when you look at what they've done. How about 22% growth? Staggering numbers for a company that size. Azor revenue growth slowed slightly in the quarter, although on a constant currency basis, accelerated from the prior quarter, accelerated. PC supply constraints cut into the sales of Windows to device makers earnings. They beat by 20 cents, 227 versus 207. How about that revenue beat? 45.32 billion, 43.97 was the estimate. Revenue climbing 22% year over year. Any company, not any company, I guess. Most companies, almost any company, would kill to grow at 20 plus year, 20 plus percent a year, let alone doing that on the numbers that they're dealing with, tens of billions of dollars, staggering growth. Fastest growth since 2018. How is a company the size of Microsoft accelerating its growth rate, let alone just growing, accelerating. Revenue grew 21% in the previous quarter, 20.5 billion in net income, growing 48%. That is quite a margin, right? They take in 45.32 billion and they got income of 20.5 billion with respect to guidance. Microsoft called for 50.15 to 51.05 billion. That's about 50.6 billion at the middle of the range. Market was only looking for 48.92 billion. Now, this breaks down all the different sectors of the company. You have Azure at the top. They did have some pretty accelerated numbers back in 2020, but you're still talking about Azure and cloud services at a 50% number green across the board up and down the line here. Intelligent cloud segment, that's gonna comprise Azure, delivered 16.96 billion in revenue, up 31% year over year. That's more than the 16.51 billion the market was looking for. 50% year over year. There's your 50% like we talked about. Azure public cloud revenue growth was expected to be 47%. I mean, imagine that. You're coming in at a number that the market's looking for 47% growth and probably the most important sector in the company and you beat that number in terms of in a big way at 50%. The company's more personal computing business, Windows, devices, gaming and search advertising, 13.31 billion in revenue, up 12%. So look at the difference there, right? When you look at Azure, they're at what, 16.96 billion and growing at 31%. You look at personal computing, they're at 13.31 and only growing at 12%. You see the importance of that part of their business. Productivity and business process unit, that includes Dynamics, LinkedIn and Office, still under what Azure is, 15.04 and up 22%, but still growing less than Azure. The cloud folks, the cloud in a big way. But Microsoft, you're up six bucks, you're gonna open at 316 this morning for their earnings. Google, pretty decent earnings as well, getting into the 15 minute there for Google. You spike lower to 27.24, the conference call begins. You've almost gotten it all back and you have gotten it all back. We're actually higher right now. You got a 27.95, the last print. You got a bid ask that spans the close of yesterday, 27.93, 27.90 by 27.94. You're gonna see some higher numbers across the board in terms of the numbers and the stocks we're dealing with. Just big numbers, not many misses right now we're dealing with. And Microsoft, as I referenced at the top of the show, closes in on Apple in a race for the world's most valuable listed firm. Whoops, what did I just do there? Scroll back down. Interesting that they're that close away, 80 billion. I hadn't realized it from Apple as Microsoft's been on a tear. Apple been consolidating a bit based on a 2.8% gain in the pre-market trading. You got Microsoft within a stone's throw of Apple being the biggest company out there. Apple had quite a lead at one point. Microsoft gonna come in at about 2.39 trillion, Apple sitting at about 2.47 trillion. And you see, let's to expand this, in terms of Microsoft's first quarter, help it contend for the top spot in market cap and look at the volatility here, right? Saudi Aramco, a pretty steady teal in there, ticking across at about 2 trillion. But look at the differences we've had in terms of Apple in the black really accelerated itself. You have Microsoft been on its heels for a while and then you have the spread in the blue there in terms of Apple versus Microsoft reached a peak almost at the beginning of this year where remarkably Apple had a $700 billion advantage. There is Microsoft down below. Looks like they were coming in at almost 1.6 trillion at that time and you had Apple pushing almost 2.4. You had a $700 billion spread to make up and they might make it up by the end of October. That is quite an acceleration. Talk about overperforming in a big way, Microsoft versus Apple there. They're gonna get the whole spread back and you see it. Right now that blue line down to less than $200 billion. I think as they said, we're gonna open at about $80 billion difference which for those companies is one way or the other. We take a look at Apple this morning. Apple basically flat $149.46 as we look for the open. All right, folks, we got the S&Ps up by four, trading at $45.69. We got Bitcoin right now down $2,900 in the $59,070 Bitcoin with some selling. We'll get into that as well. When we come back, we'll be talking to our man, Kevin Hinks from TD Ameritrade Fast Market. It's earnings season, folks. We'll be talking some earnings. We'll be talking some options. 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 24-7 newsletter at tfnn.com. When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to. And you can trust Larry's analysis. After all, he's got 45 years' experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. 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Revenue rose to 15.28 billion, up 8% below though the 16.3 the market was looking for, 132 million dollar net loss in the quarter that was narrower, narrower than the 466 that it lost a year earlier. A loss of 60 cents, market was looking for a loss of 20 and revenue a slight miss, but the market likened the fact. No, where? Yeah, so they have a 1030 AM Eastern Time conference call trying to find the exact reason for a bid, but nonetheless, you're Boeing up at about 213.65 this morning on those numbers. All right, folks, with that in mind, let's jump over to our man, Kevin Hinks. Every trading day, 12 noon Eastern Time, live on Tiger TV, Kevin Hinks, Tom White, the team of TD Ameritrade Network, walking you through the market action, talking about hypothetical trade setups. It's the most wonderful time of the year. We got a bunch of earnings cooking. Kevin Hinks, good morning. Good morning, Tommy or Brian. And for the record, if you're talking about Boeing, their CEO was just on a national television station talking and a pretty positive statement. That's why the stock is up about four bucks pre-market. There you go, folks. That's why you listen to the program. That's right. I know, pretty cool action. 213 from 209, Boeing. We got a lot of stocks moving this morning, Kevin. The two big ones last night were Microsoft and Google. Microsoft, man, you almost can't overstate. I was going through the numbers to kick off the program. 22% revenue growth in Azure, they're growing at 50%. They're gonna open at an all-time high today. They're right on the heels of Apple now as the biggest company in the world. Pretty remarkable action in terms of even overachieving all the expectations a company like Microsoft has going into that number. Yeah, Microsoft and Google Alphabet, one's gonna be up, one's gonna be down. Both companies putting up numbers that small countries would be envious of in terms of revenue and earnings. So these companies, they just do everything so well now, Tommy, and especially Microsoft. I mean, if you think about the years of Steve Ballmer and other guys running Microsoft, and then you look how this company's run now, it's nothing short of spectacular. So yeah, Microsoft doing extremely well. I think the futures right now reflect what we see across the earnings spectrum today. And that is some are up, some are down. Big numbers and small numbers and all leading to a market that's three of the four are positive, but none of them are up very much. You know, it's like a big pie with some good and some bad and all things considered, it's relatively just slightly good, but pretty neutral. Yeah, I was jumping around. The first ones I just happened to see were a bunch on the positive. And then I got to your visa down last night, Texas Instruments, I believe, had a little bit of a miss there as well. Coca-Cola to the upside. So kind of both sides of it, but the big headline number, Microsoft, Google, the two followed. And I think Google's even, they snuck. They started off even. They're basically flat to almost even positive as Google clawed back some of those losses. So we go from yesterday to today, Kevin. We got a lot of stocks lined up. I think over, it was like this week and next, we're getting just a mammoth number of the S&P 500 companies out. They keep coming. What are you guys talking about on the program coming up at noon Eastern time today, Kevin? Yeah, a third this week of all those indices is coming out with earnings just this week. So like Bolio's gonna do presentation on Amazon ahead of their earnings after the close on Friday. And then we're looking at several names. We're in the final decision-making process. It's probably gonna be maybe a Teladoc and a Shopify. Teladoc has earned the bell today, Shopify before the open tomorrow. We've also got Caterpillar. We could do Ford. We'll look at all those today as a lot. They're coming so fast, Tommy, that it's hard to decide which one. We kind of try to stay as lean and agile as possible and do the ones with the most high-profile earnings. And that's a good segue, Kevin, talking about liquidity because in the options market sometime, we're dealing with either you have single leg trades, you can always just buy a call, buy a put. You can have whether it's a debit call spread. You can sell a credit spread. Then of course you could do the four leg trades. Can you go into a little bit in terms of especially when the options market, because we're very fortunate in equities that many times, especially for most of the names we follow, there's pretty decent liquidity in the equities. But when you start getting into those more complex option trades, how liquidity can be so important sometimes when you need multiple legs, multiple different strike prices, if you're out of the market and how that plays into the options market. Yeah, I mean, when you think of an option strategy, some are very simple, some are much more complex. And as you get more complex, chances are the bid ask on that complex trade. Let's say if you're doing four sides of a trade and say an iron condor where you're selling a call vertical and a put vertical, that bid ask could be a little wide if you're trying to do all four sides at once. So that's why sometimes what we say is if the market's wide in like a four way trade, do it more the call side than the put side. Put in two individual trades like that, put in a call vertical, put in a put vertical and then work the two around that, it might be much more easier to fill a trade like that. So yeah, when you talk about more complex trades or when you talk about names that aren't as liquid, right? That's when price discovery and working your order and understanding where you wanna do a trade and not and never, never putting in a market order for a trade always using price discovery and limit orders is what we teach. We don't ever say put in a market order for any option trade. You should always work at a limit where you would wanna sell or buy that option and either it gets taken or it doesn't, right? Now there's sometimes you may have to be a little more aggressive. You could do that with a wide bid ask but definitely not putting in market orders. That's what we teach. You put limit orders and move them slightly one way or the other based on the overall liquidity and what I mean by liquidity that with between the bid ask, right? You have to be able to get in and out of a trade for as little slippage as possible, Tommy. You guys do such a great job, man. It's one of the things that I really learned early on in terms of because in theory, Kevin, I can learn all the theory and the definitions of the principles and the strategies that you guys go over. You say, oh, that's great. Well, I'll just do an iron condor because that's so simple and that's the strategy that I wanna employ. But I didn't have the skill set that said, hey, when you're placing four leg trades in an equity, now maybe if you're at Apple, like at the market, right near it and you're coming in, there might be enough liquidity on a multi-leg trade but on a lot of different options, placing those two, you place the call spread, the debit call spread, the debit put spread at the same time, then you're able to trade them out. And folks, that's why create a demo con if you haven't done it, practice in those types of trades and see how Kevin and Tom White and the team, they walk you through it. It's pretty cool in terms of what you learned, Kevin. We appreciate it. We'll be watching the program today, man. A little book company called Amazon that'll be talking about kicking things off at the top of the show earnings tomorrow. Kevin, man, we appreciate it. We'll be watching at noon Eastern time today. Thanks for having me on, Tommy. Have a great day. My pleasure as always, man. Folks, tune in. You heard it right there. The nuances in the option market, you can learn the basics, check out the program. They do an outstanding job and this is a great time to watch it with all the earnings going on, 12 noon Eastern time. We'll be right back for the open, folks. 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. The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. 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Using this first-of-its-kind program, The Art of Timing the Trade charts allows you to scan thousands of stocks for Fibonacci formation setups, including guardleaf, ABCs, butterflies, and much more. The Art of Timing the Trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're 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've got markets open right now. We get the S&Ps up about five points. We have the markets a little bit of a pop on the open there. 15,601 NASDAQ, 152 points. Let's jump to the two big dogs out with their numbers, Microsoft. Up about 2.5% right now at 318 and climbing. 318 and climbing. Let's see how Google's doing. Look at that. Google can't hold a good thing down. 2817, Google up a full percent after spiking to 2724 last night. Quite the acceleration indeed. And back to Microsoft, man. Yeah, these things are rocking in a big way. You get the NASDAQ 100 up 40 points. S&Ps up three. Some of the other companies out with their numbers. Let's go down the line of companies moving right now. McDonald's, I was gonna say Microsoft. McDonald's up 2%. They were up to 244. McDonald's earnings beat as COVID restrictions ease, fueling strong international sales. It's interesting how domestic versus international, huge difference in terms of whether it's the pervasiveness of some of the variants, pervasiveness of vaccinations, different restrictions in different countries. So McDonald's have risen 11% this year. They're at 184 billion as they put it. Earnings, 276 versus 246. They beat by almost, what's that, $160 million in the quarter, 6.2 billion versus 6.04. Net sales rose 14% topping expectations of the 6.04. Same store sales climbed 12.7. There we go. From a year ago and 10.2% on a two-year basis. Some of these companies, the two-year jump, it's amazing to put it lightly, right? In the whole market, same store sales increased by 9.6% from a year earlier. On a two-year basis, same store sales rose 14.6%. Let me think about this. That is a mammoth number for a company like McDonald's. The chain credited its new chicken sandwich, a famous orders promotion with rapper Salwidi, not familiar, and other menu and marketing promotions for its strong performance. Quite a number there for McDonald's and you're seeing it on the open. They give back some of that gain though, 190, excuse me, 1.9% in the positive at 240. Coca-Cola out with their numbers as well, up 2.7% getting into the numbers for Coke. Consumers drink more beverages away from home. They have a bunch of different. I was going through this earlier this morning. So the headline numbers, 65 cents versus 58, they beat on revenue as well. Net income for the three month period, 2.5 billion, compared with 1.7 billion a year earlier. Net sales rose 16%. That beat the expectation by almost 300 million. Organic revenue climbed 14% unit case volume, which strips out the impact to currency and price changes up 6% and came in ahead of 2019 levels. The soft drink unit, which includes the names say XOTA, volumes increased by 6% in the quarter, the nutrition juice, dairy and plant based beverage business reported growth at 12%, thanks in part to strong sales of MinuteMade. I'm just going through the line because it's like a beat across the board. Hydration, sports coffee and tea segment, volume growth of 6%, coffee grew 19%. That's because they have Costa cafes in the UK that are opening back up. Volume growth was up 8% in Europe. It now sees full year organic revenue growth of 13 to 14%. They were previously looking for 12 to 14%. It expected adjusted earnings per share to increase 15 to 17%. They were looking for 13 to 15% previously. Big numbers across the board. Kraft Heinz, they beat as well. Stronger earnings for the year, thanks to higher prices. Let's see how they're opening up. 37.08, they're up 1.7%. Now Kraft Heinz, net sales fell to 6.32 billion. I love how they say for the Jell-O-Maker. 6.44 billion a year earlier. They expect full year adjusted earnings before interest. 6.2 billion the market was looking for or the previous estimate was 6.5. One, excuse me, excluding items. They earned 65 cents versus the 58, so they beat as well. Let's see what else we had. Robinhood, gotta get to Robinhood. Not a beat for Robinhood. Be wary of this company, folks. They are a company. That's all I'm willing to say, 9.3%. Look at how this thing got ahead of itself, right? To 85 bucks, it's been a slow decline. Maybe you had some area of $40 that you were holding up. Well, I think that might've been near the IPO price. You're now below the IPO price. And they're in a sector that they make so much of their money off of crypto that they may be in trouble if that gets disseminated to some competitors. Third quarter, total net revenue, 365. The market was looking for 431. That is a massive beat, miss. That would be akin to a company like Google or something supposedly taking in revenue of 43 billion and they take in 36. Yeah, a massive miss on a percentage basis. Well below the second quarter's revenue of 565. Their quarterly revenue went from 565 to 365. The market would have been okay if it just sunk to 431, which is what they were thinking of. No, it almost got cut in half because of the surge in crypto that occurred in that second quarter that cut back. Now keep in mind, excuse me, crypto's been surging back, but there's a bunch of different areas that you can buy crypto in, folks. I think you can buy it in PayPal. More brokerages are gonna be in offering it. You can have ETFs that you can purchase in regular. Other brokerages count. Third quarter transaction-based revenue, 267 million, only 51 million coming from crypto. Revenue from crypto the prior quarter, 233. And do you remember how much of that was dogecoin? Yeah, that just basically disappeared. The CEO is gonna wait for regulatory clarity on crypto before adding more digital coins to the platform is what they had to say. Net loss of $1.32 billion in 90 days. Did you see that? A net loss of 1.32 billion. They only had revenue of 365 million. They're losing four times the revenue they're taking in on a quarterly basis right now. Slowdown in user growth. Monthly active users? That's not a slowdown in user growth. That's a decline in users. It's not a slowdown in growth. They're not growing. Monthly active users, 18.9, down from 21.3 million. That's not a slowdown in growth. That is a decrease. That's not a deceleration. That is a decrease. That is a shrinking of the active users. A slowdown in growth would mean that if you were growing at 10% now you're growing at 5%. Not a slowdown in growth. Not the way to sum things up. I'm trying to overstate it folks because be careful of this company. Yes, I don't imagine that they're gonna go BK overnight. But there's no reason why Robinhood needs to exist in five or 10 years in any capacity. They changed the industry, I'll give them that. But there is no reason. There's a bunch of competitors. They make a bunch of their money off of crypto trading. There's gonna be more opportunities in crypto across the board. And you're seeing investors react as they're well below the IPO price and you're at 11% down for the day right now. Let's jump to Microsoft, see how they're opening. Holding up well up 2.3%, Google shares holding up well up 7.10% as well. All right, jumping around, what else we got going on? I talked about Bitcoin, we'll jump over here since that's a good segue from Robinhood. Some interesting numbers here in terms of selling. You're down almost 5% to about 59,000 right now. Ether also down a similar 5%. Analyst said speculators are cutting back on positions as the launch of the first US Bitcoin, ETF, fan enthusiasm, total liquidations of long crypto positions topped 700 million on Wednesday. Now, that's from BYBT.com. I'm not familiar. I don't know the validity of that data. I don't know how they figure it out, but sometimes you can't see because that chain tracks everything in terms of on the Bitcoin network, positions that are held, if a position is sold, that can be seen 700 million liquidation. Can't blame them selling some Bitcoin above 60,000 as they push it out to the public in an ETF. Stay tuned folks, we'll be right back with Teddy Kegs that, talking a little forex. 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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Let's jump over to our man, Teddy Kegstad, folks, every Wednesday at 40 past the hour. We talk to Teddy. You can reach him every trading day at forex-trading-unlock.com. Teddy Kegstad, good morning. Good morning, Tommy. How are you today? I'm doing good, man. So we missed you last week. We've had crude on quite a little bit of a tear, man. We hit $85 in change to start off this week. I imagine you like the action, but talk to me a little bit about this crew contract when we kick off this interview. Sure. Well, I like impressing these highs. You know, I mean, you know I'm looking at 100. So, and I think we're gonna continue to track higher no matter what over the next couple of weeks, next couple of months, there's no reason for any slowdown to happen in this rally. Yeah, not much more to say, man, in terms of when this thing is just a one-way ship. We did have that pullback from about July to August, but since then, man, you almost can't overstate from 62 bucks to 85 in the span of just over two months. And we're seeing it at the gas pumps, man. I have a little coupe and my little coupe and it does have premium, but it was a $62 fill-up, I think, the last time I went. And that is a big number, folks, to the size of the gas tank that I have in a little car, you know? Right. Interesting. Nonetheless, where do you wanna start, man? I saw maybe we'll start with the Yen. Can we start with the Yen? We have a little action in the Yen today. Absolutely. Okay, so the Yen is moving around a little bit today. We are hanging below these highs. I still am very bullish to the US dollar Yen. I think one of the reasons you're having a little bit of a resistance right now and a little bit of a pullback is because you have the rally going on in the 30 year and the 10 year. They were up nicely yesterday and also today. So I think that right there, you're getting a short-term little pullback on the dollar on some of your major currencies because of the interest rate move. But you're not seeing a big sell-off in the Yen and I think that's because of the oil rally, you know? So I think the pound is kinda grappling with a little bit of trying to break out to the upside. But I do think that the Yen right now is flirting with new move highs. It's just right now consolidating. And I think that as soon as you see the interest rates start to sell off even remotely here that you're gonna see the Yen go bid. And especially if oil breaches, you know, if it starts pushing that $88 towards $90 a barrel, I can't see how the Yen wouldn't make new highs again. So that's pretty cool. So looking at the US dollar there, so you have crude rising, which is putting strength and I'm asking you, you know, this is how you're saying it. The crude contract will be putting strength behind it. But at a time that you have decreasing yields, that might pull some of that away and those two forces kind of fighting each other. Correct, correct. Especially with the US dollar Yen. I see that that right now is kind of they're in a little bit of a tug of war, but I think no matter what, oil is driving it and when it comes to the interest rates, they're in a bearish market right now. They're just in an upside correction. So I think that you're most likely gonna see even if the interest rates pause or remotely retrace back to the downside that you'll see the US dollar Yen go bid, at least for that currency cross, you know? Nice, nice. Yeah, it is interesting man in terms of, I think if the listeners listen, they know kind of how you feel about inflation. I get pulled to your side pretty easily in terms of the argument. And it would be tough for me to imagine over the an extended period of time that you do have yields decreasing to any dramatic degree. But I'd say it's always interesting, even this pullback man, 1.57% the yield on the tenure. I said, what happened on 1.67% man? Some big moves continue in that note and bond market there. Sure. What are you looking at next? Where do you wanna head to next? Okay, well, let's take a look at the Euro US dollar. So we had a little buy signal a week and a half ago. We had to set a nice little low. What was it around 1.15? Like was it just a little over 1.15 even? So, but right now I think you're at 1.16, 16 right now. I think it's a good shot that you'll get a challenge of 1.17 even in the Euro US dollar. So we had a little resistance last week where we kept on buffering around similar highs for multiple days. If we take that out, I don't think you're gonna have a slingshot major rally. But I can see right now, especially with the choppiness in the interest rate environment, that the Euro US dollar has a really good shot at probably getting another handle, maybe even a handle and a half. I would use caution above 1.17 half pushing 1.18. That's probably about the extreme you'll see for that one. And I think one of the reasons you might see this lift in the Euro is that as the US dollar Swiss right now is on edge right now. So with the pound trying to break out to the upside with oil, that is definitely an issue. But as long as the yield curve is going the direction it's going, I think you're gonna have a little push on resistance with the Euro, but use caution that that market could fall out very quickly. That's the one that is the weakest of the European currencies. The US dollar Swiss, since I mentioned that, that's the driver. Now I think a few weeks ago and over the past couple of months, I've been pointing out to you guys how, the pound is typically the most valid of the European contracts. The Euro is obviously the biggest. But lately the Swiss has been the one that has the biggest average range on most days. And for the fact that they're pushing offer right now, I think that you have to kind of watch that one because it's getting extreme. So I think if that snaps back, okay, then that's really gonna shake up the European currencies. And that's something that could hold the Euro. So I think that as long as the US dollar Swiss is on edge, that Euro is getting a little bit of a lift and might challenge resistance. But I think that's also gonna be the circuit breaker that will hold the Euro back because if you see a bounce and strength in the US dollar again, like if the bonds sell off and oil all of a sudden continues to rally, odds are you'll see the US dollar Swiss get a big rally again. You'll see the Euro probably fall back. The pound could chop around. That's the one that's gonna be the toughest trade, I think when it comes to the European currency crosses. The pound, as you were saying? Yes, yes. Nice. Yeah, it's, I mean, I have the pound up even, I love my Fibonacci's, you had quite a run man from September to the highs we had earlier this year, 142.50, it looks like, and we pulled back right to almost 50% level at about 134 that level. And I have that on a weekly going back to the short-term timeframe. Decent moves, man, from one, even a couple of days, I know you have the charts, the decent moves in these forex markets with volatility. Now, volatility in the market, Teddy, we have a VIX at about 15, 16, which is not bad, considering everything we talk about when we chat with you in terms of the volatility. We got jobs numbers, it's amazing, it's October 27th. We're gonna have a non-farm payroll number yet again that should probably have some more expectations on it. What kind of volatility, like historically right now in some of these forex moves, because they seem like they're pretty dramatic moves compared to the type of moves that we not normally get. In terms of just, there's so many variables. Is this a particularly volatile time in forex right now versus normally, or where are we in that market, just because I'm not as familiar? Well, you're actually bringing up a nice little foreshadowing thing. I think we're on the beginning of another currency war. I don't see it, I think it's evolving right now, and it's gonna hit us full-blown, probably going into the end of the year, into the new year. The central banks around the world are not on the same page anymore. So, and we are at the United States, and probably the Bank of England and the ECB are gonna be the last ones to follow in line if they even go in a cohesive fashion with the rest of the central banks. So that's gonna cause a lot of pressure. So those yields start to change, and the currency market is a big market. It's a big deal if the Fed does something or the Bank of England does something or the ECB, but when you have this confederation of all these other countries saying, you know what, we don't care what you're doing, we're raising rates, it's gonna have an influence on our market. So I think that's gonna be the biggest bomb. Stay right there, Teddy. We'll be right back to finish this, all right? We'll be right back, folks. Okay, awesome. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority in technical market analysis, and it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 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. 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Your investment can be anywhere from $100,000 to $500,000. You want to make $1,000 per year on $100,000 invested, or $7,000 per year on a secured Tiger First Mortgage. The Tiger First Mortgage Program may be just the program for you. The Tiger First Mortgage Program pays 7% per year, paid monthly. For more information, you can call 877-518-9190. That's 877-518-9190. 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 the S&Ps up by five, the Dow negative by two, NASDAQ positive by half a percent, and the Russell negative by about half a percent right now. So, Teddy, just to finish. So, and I agree. We've heard the central banks already in different countries, whether they're raising rates, maybe to get ahead of hyperinflation in those countries. So, you see that battle playing out, providing some volatility across the board as we kind of navigate this unversion. Nice. I think that we are at the very beginning stage of what will become a central bank war without a doubt over the course of going into 2022. I think that's going to be one of the biggest factors in the forex market in the first two quarters of the year for next year. And if the US is slow to do anything, let's say the US and the European Union, that they're slow, other countries are raising their rates, they have higher yields. Where does that push things? I know there's a million variables, but how would that influence things, that variable if we're late, which looks to be very possible for sure that we're late to the party? Right, and I do believe that that is the case. We will be late to the party, so obviously anything can happen. But what I do think is what you are gonna start to see is trends in, we've had a lot of sideways action in certain currency crosses. Once these things start to hit, those markets, those currency crosses are going to start to explode. And I think that you're gonna see, remember how we've been talking, I've been really putting this into your viewers' heads over the past six months, is that we have divergence in the currency markets, extreme divergence, so the dollar index is not the best indicator at all anymore of what's going on. The dollar index now is really only a good indicator of what the euro and the pound may be doing. The rest are pretty much off the table. And I really think that that divisiveness is going to happen as we continue through the rest of this fourth quarter and into the first two quarters of next year. So meaning like, so where's the demand gonna happen? So I would say that you're probably gonna see a lot of this start throughout Asia and also Northern Europe. See, the EU is not all in the same bandwagon. You gotta remember there's the ECB and then there's the components of the euro, of all these different countries or states or whatever you wanna quantify them as. And there's a lot of dissension going on and that is going to shape up what the markets are gonna do. I think where you have stable euro right now in pound and Swiss next year, it is not gonna be that way. Teddy, man, we appreciate the conversation. As always, we'll talk to you next Wednesday. Have a great week, man. Thanks so much.