 The following is a presentation of TFNN. The morning market kickoff with your host, Tommy O'Brien. Good Thursday morning everybody. I'm Tommy O'Brien, coming to you live from TFNN, 9.06 a.m. Thursday. We got about 24 minutes to go until the start of trading and we got a market right now in positive territory so much for the sell off yesterday. We're right back to green territory. We start things off with the S&P. You're positive by one third percent trading at 46.58. You back things up to where we are. Basically, right at the price that we were at at 8.30 a.m. yesterday. Quite the sell off we had yesterday. All the way from 46.80 almost, the actual high 46.78.50. On the futures, we trade down to 46.25, 25. And since then, we've caught a little bit of a bid. Those lows made just prior to 3 p.m. Eastern time yesterday. S&P's up about a third of a percent. NASDAQ 100 up almost 8.10th percent. You look where we are in the NASDAQ 100. Same exact action, folks. We're basically right where we were after the first 15 minutes of the print of the CPI data. You see the 8.30 acceleration in the NASDAQ 100. You trade down to the price point of about 16,100. In the NASDAQ 100, quite the sell off here as well. You trade from 16,000 to 211. You're talking about 300 plus points in the NASDAQ 100. Lows of 15,896. And then we rise from there. Lows made about 3 p.m. yesterday. Dow almost flat. Little bit of a difference in the Dow, right? You back things up to where we were at about 8.30 yesterday in the Dow. We're about 150 points below that level. Not quite the acceleration that we saw in the S&P's and the NASDAQ Dow, barely in the green. And the Russell, similar, more similar I should say to the Dow, the Russell trading 23.99. You were down to 23.78 yesterday. Not clawing back as many as the losses as much of the loss I should say as the other indices have so far. Jumping around, what else we got going on? Bitcoin right now, hovering at around 65,000. There's some volatility yesterday for you on Bitcoin. Up to 69,355 the high. Excuse me, folks, still battling getting over this little cold. Bitcoin, quite an acceleration to lower prices. You traded down $6,000. $6,000 from the price point of 1 p.m. yesterday to the lows at about 4 p.m. yesterday. We're trading at 65,000. Bitcoin crude, quite a sell-off as well. We were talking to our man, Teddy Kegstad yesterday during the nine o'clock hour. We had crude at about $84 from there. It sold off pretty hard. Traded down about $3 to $81 in change. Last night, you were down at an 80 handle, I should say early this morning. You were down at an 80 handle yesterday afternoon. Right now, you got crude basically flat where we closed out the session yesterday at 81.33. Gold continuing to catch a bid. There's your acceleration on gold on the CPI data yesterday up to 1870. We're coming right back up to those highs we had. Right now, you just made a high in the last half hour of 1868.70. So within about two bucks of the highs we had yesterday, gold up $16 on the session right now. We got silver up 47 cents. Silver actually just climbing above those highs we had on Wednesday and we jumped to notes and bonds. Pretty tame action, quite the sell-off yesterday. For notes and bonds, you back things up into where we are. You're talking about a yield of 1.57%. You just rose 10 basis points. That was quite a sell-off yesterday, folks. 131.18, you traded down more than a full point in the 10 year. That is an amazing move to struggle to find the word. Amazing move. We take things a little bit longer context. We put it on a daily. And you can see, I mean, try and find a bar as big as the one we had yesterday, right? Yeah, you had a bar. Maybe you go back to September 23rd. You traded lower. You got to go back to some of these moves. That was quite a red bar in terms of price action yesterday. Lower prices, higher yields. The 10-year are ticking at 1.57%. Let's jump over to the volatility index this morning. We spiked yesterday. Did we get to 20? We were right there. 1990 was the high yesterday. We'll put it on a 15 minute. There's your high print at about 3 p.m. yesterday. That's correlating to the market lows. And this morning, we're right back to under 18. VIX, sitting at 17.65. All right, where do we kick things off? Let's kick it off with a little inflation talk. CPI data out yesterday, pretty hot number. Couple articles, many articles being written about inflation this morning. Bloomberg, as they put it, inflation shock, tears up trader playbook from stocks to bitcoins. CPI beat, has sent investors looking for inflation hedges. That's been the story for a long time, folks. It keeps ticking across. One of the things I wanted to look at here, a couple charts they have in this article I was checking out this morning. US bond market expectations for future inflation are surging with each new data point. What happened to transitory folks? Things are heating up. It's not even that it's staying at the same hot rate. They're actually heating up. They were supposed to be pulling back. You start getting 1% inflation month over month. The Fed has to pay attention to that type of a number, folks, and that's almost where we were. The break-evens, which track the difference between yields on inflation-protected securities and regular treasuries, five-year break-evens, climbed to a record. There you see the acceleration, folks. Above now, where we were in 2004, 2005, you were down to a low of about half a percent. You're now pushing 3%. When you talk about the five-year break-even rate, inflation expectations coming off that chart, you slide down a little bit more. Growth stock valuations most exposed to higher bond yields. M-C-S-M-S-C-I, I should say technology index. We're talking about 26.6. That's the forward PE. You start getting some rising, rising bond yields. That could put a hurt on some of those. Consumer discretionaries are pushing 25. That's quite a forward PE for consumer discretionaries in a big way. You have gold that we've seen, gold continuing to run today. That could be an indication where you are. You have Bitcoin running. Could be an indication in the same essence. And you have a flattening yield curve, the US yield curve, the 5.30 yield spread. I mean, look at that drop-off, right? Just from where we were in the early part of this year, we were pushing 160 basis points. You're now down to 60 basis points. Remarkable, you're back to basically the COVID lows. And at that time, biggest gain for 2021 pushes dollar gauge to one year high. The dollar trading higher in a big way. John Arthur is not familiar with this guy, but he's been writing a lot about inflation and he does not believe the transitory argument here. This is an opinion piece out on Bloomberg, but it's official. The inflation numbers are hot, sticky messes as he put it. The debate over whether this is transitory is over. Again, an opinion piece, okay? I happen to agree with a lot of it, though the question is now, what to do really interesting to combine the fact that not only are we in a once in a 100 year pandemic, okay? We have the great resignation they call it, right? People stepping out of the workforce, reevaluating life. We gotta make up millions of jobs to get back to that same level. We have inflation running hot, rent prices, real estate prices through the roof, crude oil, higher prices on crude food prices through the roof as well. And you get down to it in terms of where we're talking about when you talk about the Cleveland bed trimmed mean CPI and the median CPI, I mean just staggering numbers. I could spend the whole show folks pulling up numbers in terms of standard deviations above its norm for the last 10 years, 5.3. If you're familiar with how standard deviations work, folks, 5.3 standard deviations, it's like hitting the lottery, okay? It just does not happen. That type of a standard deviation move, nonetheless, that's where we currently sit right now. And so just pay attention. It's a lot of what's driving the action right now in a big way in this market and rightfully so. I mean, you're gonna see interesting in terms of chairman Powell, is he gonna get replaced? Really interesting in terms of the context of where we are right now, what the Fed is doing, the inflation argument, we'll find out folks, we'll find out soon. Stay tuned folks, we'll be coming back. We get a lot to go over. We got some earnings moving. We got Rivian pumping it out yesterday. We got Tesla moving. We're gonna talk to Kevin Hicks, we'll be right back. Everything in the universe is governed by the Fibonacci sequence. 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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 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. 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 got the S&Ps right now up 16 points. NASDAQ 100 at up 116 points. Dow up 21, Russell up 10. Let's jump over to our man, Kevin Hicks. Every trading day, folks, 12 noon Eastern time, the TD Ameritrade Network live on Tiger TV, fast market with your host, Kevin Hicks, Tom White, checking out the market action, breaking down hypothetical trade setups. Kevin Hicks, good morning. Good morning, Tommy O'Brien. A light day for economic data because of Veterans Day, but Tommy, this market reacted yesterday to fears about inflation and everything else that was going on. But so far this morning, obviously subject to change without notice, Tommy, as always, this market is jumping back. Tesla basically put a little uncertainty in the market over the weekend when Elon Musk talked about selling stock. Well, it turns out yesterday he did. And that being over, that event being passed the overall market has Tesla now looking up about $35. So the bad bet Elon Musk is through that event is put a little bit under Tesla and Tesla caused the uncertainty Monday morning and Tuesday and throughout the week and inflation added to that. And now Tesla seems to be giving the market a bit higher, Tommy. Kevin, I'm gonna keep you on the show for two hours today and we're gonna talk about Tesla for the entire time. And I don't even think we'll be able to break down all the action in that stock in terms of what's happening just this week alone. I was reading articles last night, man, talking about Elon exercising some of his options on Monday, the tax bill for his exercise on Monday having to do with the stock price on Monday. Some would say myself included that the tweet over the weekend might have influenced the share price to trade lower on Monday, allowing him to exercise those options, decreasing his tax bill, and then the stock's gonna rise back up. But man, like I said, we could spend all day, but yeah, crazy, back to 1,100 bucks on Tesla, man, like an instant. And I had to have a chuckle this morning, Kevin. I woke up, man, pulled out my phone, checked out the Thinkorswim mobile app, pulled up the indices, because yesterday was a little dicey, I was a little bit more interested today when you get a sell-off like that. And I had to chuckle, man. I said, nope, higher prices. Here we go again. With that going on, Kevin, you talked about the CPI data that's still a lot of articles out there today talking about the CPI numbers. But we move on, we have some earnings numbers. What are you looking at for this market as we come into Veterans Day, November 11th? Remarkable that we're gonna be through November before we know it. We're gonna start talking about Thanksgiving, Christmas, end of 2021. Remarkable the resilience of this market with the S&P sitting at 46.57 right now. And that is because every now and then, Tommy, the market looks up at the 10-year yield and reminds itself that it's at 1.5. And it's not at 2.5, or, you know, the last time we had inflation worries in this country, serious ones, the 10-year yield was at like eight. So every now and then you've gotta remind yourself that you've got a historically low 10-year yield. Even at 1.5, 6%, it's still historically low. So stocks still are in favor, even though the 10-year yield moved from the mid 1.4s, which it had just moved down from up to back up to 1.5.5. So, you know, every now and then you have to remember, we're looking at a pretty healthy economy with pretty good earnings and extremely historic low interest rates, Tommy. Yeah, it's remarkable, man, in terms of, of course, growth stocks, NASDAQ 100, the fang stocks in particular just been so strong over the last how many months, man, it just doesn't stop. A lot of the rhetoric having to do with, you know, if there's rising yields, that could hurt these growth stocks. And, you know, there's some validity to that for sure. But you make a great point, man. I mean, we're talking about a yield of 1.5% right now and these technology companies are just seems like they're just growing gangbusters, man. Yes, they do have some rising costs, but in the context of your putting them in, man, you know, if you're talking about 1.5%, you're talking about 1.4, you're talking about 1.7. The conversation, Kevin, months back, right, was not sitting at 1.5%. That was not the worry in this market in terms of yields. The worry was what, 2%, 2.5%, something like that. If you said the market was gonna be at 1.5%, Kevin, in the middle of November, if you said that maybe in the middle of the summer, I think traders would have rejoiced dramatically right now in terms of where they are. And maybe that's part of what's kind of put in this market, just kind of elevated to almost record levels across the board right now on all four indices, which is remarkable. Yeah, and heaven forbid, some of these supply chain problems may start to ease. Right? If you're starting to see that happening, Tommy, like chips coming to some of the automakers and chips coming to companies in general, if we get a good jolt's number tomorrow, right? Where people are moving off the sidelines into the labor force. If we get some of these ships emptied and some of you see those numbers go down and some of those goods start to come into the country, all those things can do two things, right? They can help the economy while still bringing down the level of inflation, Tommy. And all, remember a big part of yesterday's number, though it was dominated by energy, Tommy, look at the move in Crudall since then, right? Crudall has come down pretty significantly since then. Why? Demand destruction or the fear of demand destruction over $80 in Crudall. So sometimes these are self-correcting units, right? That higher prices lead to less demand, which lead to lower prices. And so there's a lot of moving parts in this economy that could lead to less inflation in the future, Tommy. Econ 101, man, right there, right? And you can't help but notice the prices, even myself filling up the gas tank, man. It moves a little bit, but right now, man, that sticker price on a fill up of just a gas tank, let alone how it translates to heating prices, et cetera, throughout all of our daily lives. Very obvious to many consumers that you have to be aware of those types of prices because it's hitting everybody. With that in mind, Kevin, we're still in some earnings going on. What are you guys chatting about on the program coming up at 12 today? You know, as I look on the calendar, Tommy, there's not a lot of great high-profile names to deal with today after the vote. We'll probably do something in a theme show. I think what we're gonna do, Tommy, we're working on it right now is something in the payment space. Remember, with PayPal's earnings, they have really gotten beaten up this week. I think we'll look at some of the payment stocks, Visa, MasterCard, Square, names like that after the PayPal event. I look forward to that, man, because I don't have any PayPal yet. And even on my own radar, Kevin, I said to myself, strong company, PayPal for sure, any Visa strong company, you have to start considering maybe if you're not in some of these equities, and this is myself talking, if I could have had it at 310, just a few months ago, man, maybe 210 is at least a partial position that you could get into it if you haven't rode that yet. Now, I just wanna finish it up, Kevin, with a conversation about Rivian. Pretty interesting, just from a market perspective, electric vehicles, Tesla, the story of the day, month, year. Rivian, pretty remarkable. You got a company with no revenue, man, pushing, they're talking about almost $100 billion. Even today, Rivian's gonna open up 15% right now, Kevin, from where it closed at yesterday. We got about 30 seconds here. Give me a little take of what you think of the Rivian action so far. You know, Rivian, unlike some of these smaller companies, Tommy, in the EV space, they have some big partners in Amazon and Ford. So they are a company that's gonna be here, not going anywhere, and will eventually be a pretty big competitor to Tesla. It's pretty cool, man. I was reading about their CEO, MIT graduate, PhD, kind of stayed under the radar. A little bit of inverse to Elon Musk's playbook, but man, they're coming out strong right now. And I agree, 100,000, not bad to have 100,000 vehicle purchase order when you go public. Kevin, man, we appreciate the conversation. We'll be watching the show at noon Eastern time today. Have a great one, man. Have a great day, Tommy. Thanks for having me on. You too, Kevin. Thanks so much. Stay tuned, folks. We'll be right back for the open. 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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're here at the Market to Open. We have the S&Ps up 13 points right now. NASDAQ 100 up 115. Dow just slipping back into the red right now. A little bit of a sell-off on the open, just barely back under 36,000. We got the S&Ps up by 12, as I mentioned. Let's jump back to Rivian. RIVN, Rivian shares up another 12% right now, from 95 yesterday, 120 on the top of it. And let's jump to Tesla, see how Tesla shares are trading this morning. Tesla shares up 2.5% sitting at 1100. I wanna touch real quick on Tesla, what I alluded to chatting with our man, Kevin Hicks. Article on the journal, this is yesterday, when was I reading this? Yes, yesterday, last night. Checked it out early this morning. They talk about, so we sold $5 billion of Tesla. This is Elon Musk this week, as he exercised stock options they received as part of his compensation package, according to regulatory filings made public last night. He first exercised just over 2 million stock options Monday that were valued at 2.5 billion, paying around 13.4 million in exercise costs. How's that for a trade? 13 million to 2.5 billion. This is the reason for the tax bill for Mr. Musk. He sold many of those shares the same day to cover tax withholding obligations, right? So you gotta sell a portion, you don't have to, if you just wanna pay it in cash, but most of the time, you're gonna pay the taxes anyway when you exercise them, you sell a portion of that position to pay enough of the taxes to hold the rest of the position. After selling less than 1% of his holding, all holdings Monday, he sold about 2% over the subsequent two days. The regulatory notices show he sold around 4.5 million shares in total over the three days, shrinking the size of his holdings in Tesla even after exercising the options. So he exercised options and then after three days, he actually ends up with a smaller position than he started with, not usually the case when you exercise options. We all know about the poll on Twitter over the weekend. Monday's option exercise and sales were made under the preset, a preset trading plan that Mr. Musk established on September 14th. Okay, so Mondays, keep this in mind, Mondays only, we're not talking about Tuesdays and Wednesdays, that's gonna be the difference here. Made as a result of the plan put in place, it's dubbed, what, 10B5, one plan is a dub designed to enable company insiders to sell based on a set schedule, price trigger triggers, or other factors, it's made to help them avoid any type of insider trading rules, allegations, I'm not sure Mr. Musk is concerned about that with everything going on. The filings that disclose the subsequent sales on Tuesday and Wednesday don't include the same footnote. So Tuesday and Wednesday were not part of that folks, okay? To keep it in mind, so the Monday sale, already pre-designed preset trading plan, part of that plan that was arranged on September 14th, Tuesday and Wednesday, that's just Elon selling. Mr. Musk signaled at a September conference that he expected to exercise options in the fourth quarter, a move that would trigger what he called a huge tax liability, he reported selling more than 900,000 shares at a price range of 1135 to 1196 on Monday, not a bad exit, we're still not back to those prices. The difference between the value when you exercise the options, and check this out, the exercise price of $6.24, man. How's that, having a call option basically, at $6 under the $1100 equity, the difference between those two values is what is taxable income and likely a tax deduction for the company. I mean, this is important stuff. I got quite a lesson just even reading it as they walk it through it. The lower the share price goes, okay, if he continues to exercise options, the smaller his tax bill will be. So ideally, ideally, right, in Elon's world, okay, he would love to take the shares on Monday, exercise his options, that locks in the price of the tax bill that you have, and then it would be amazing if he could somehow just have a one-day pullback and then the stock rebounds so he doesn't hurt himself too much when it comes to the market capitalization or equity that he has in those shares. He would also owe taxes after selling any shares he obtains through exercising options based on any gain realized after exercising them. Those gains are taxes capital gains, though any quick sales would be taxed as a ordinary income because they were held for less than one year. You're talking about capital gains Tuesday, so he sold Tuesday and Wednesday at a price between 1,000 and 1173. Couldn't be determined the cost basis for those shares. Now, here's the interesting part that I've highlighted, okay. Thanks to the decline in Tesla's share price Monday, the CEO's tax bill is likely to be lower than it would be if he had exercised his options before the pull. For example, exercising at Friday's closing price would have yielded taxable income about 5% higher. If you don't think that's market manipulation, you're not paying attention, but he's not gonna get caught, folks, because you can't prove it, no way. All he did was ask a question on Twitter. He's got a very defensible position. He's a very intelligent man. He knows what he's doing, but if you're trading Tesla, that's one of the variables that you have to consider is that the CEO, richest man in the world, is totally cool with manipulating the share price as long as he has cover for himself to hide the taxes that he owes by tanking the share price purposely on Monday to get a lower price for the print when he exercised the options, causing himself a lower tax bill. It's really remarkable, folks, in terms of the way he's doing that and the way he's getting away with it. Not sure there's much he can do because he's got a little bit of cover there. Pretty astounding, nonetheless. We'll leave it at that. Tesla shares up 2.1% today. Let's jump over to Rivian. Rivian shares up 11.5%. Amazon had quite a wild ride yesterday up to 3,605%. You give it back down to 3,475. You're up 1.1% today. We jump over to some of those tech stocks. Microsoft shares up about 6.10% right now. We jump to Google shares up about 3.25%. Facebook shares up 1.2%. We got the NASDAQ 100 up a solid 7.10% right now as you got growth stocks rising to higher prices. All right, what else we got going on? Let's jump to some of the companies that had their earnings. We'll kick it off with one of my favorites and not a favorite last night. Disney misses on streaming growth. They were down about seven bucks last night earnings, 37 cents versus 51 expected revenue. They miss 18.53 billion versus 18.71. The headline news of that, people always wonder in because Disney, they are becoming a streaming company first. Added 2.1 million Disney Plus subscribers to a total of 118.9. That was more than a million miss in terms of what they were looking for. Let's see, however, Wall Street was more bullish. Company report 125, I guess 9.4. That's the first time I saw it that high. Numbers for the first quarter during the company's earnings call. Their CEO reiterated the company's goal of reaching 230 to 260 million Disney Plus subscribers by 2024. Keep it in mind, folks, okay? Netflix took 10 years to get to 100 million subscribers in Disney, down 8% now to 160. It took Disney two years. Disney's only been a streaming company for two years and they've got 118 million subscribers. Quite a pullback on a weekly basis. We're now back to the 50% retracement from where we were. And folks, if you're looking to get in Disney, you get back to this 153 area, which is back to November of 2019, let alone potentially back to the area we had in July, which would be about 147. But the reason why I bring up the 150 area, that's also gonna correlate to the 618 of the full run we had when Disney accelerated higher on the news of the vaccines, et cetera. You accelerate from a price point of about 117 up to 203. We've almost given back that 618. I love the 618, I love the 382. We chopped around at the 382 for a while. Disney accelerated lower on that miss last night. Keep your eye on 150 if you're looking to enter Disney shares, trading down about 8% today. We'll jump back folks, we'll check out some of the other companies. We got Beyond Meat, they're chatting about Beyond Meat. Fake Meat, not doing so well, Beyond Meat trading lower this morning, we'll pull them up when we get back from the break. Folks, stay tuned. 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That's tfnn.com and hit Watch Tiger TV. Welcome back, folks. We get the S&Ps up seven right now. Jumping back to Rivians. This is an interesting one. So they got public yesterday, this talking about, so if you pre-ordered an electric SUV or truck, you could've made some cash on that IPO as you were given some access for the IPO allocation. All you had to do was put down 1,000 bucks to reserve a Rivian electric SUV earlier this year. They talk about one gentleman it looks like, a consultant in Austin, Texas, put down 1,000 bucks to reserve it. He has no idea when he's gonna get that vehicle, but his down payment has already paid off dramatically when you look at what's happening here. So as a pre-order customer, you were able to buy into the Rivian IPO on Tuesday night as part of the company's directed share program. He purchased the maximum 175 shares, okay, at the $78 IPO price. And let's see, is he making more cash this morning? I think he is. Already you're up another 8%. As of the close yesterday, that was a gain of about $4,000. So think about that. Hey, 1,000 bucks forget to gain access to 175 shares of the IPO. You make four grand by doing that. You're up even more today, right? You're up 175 shares. You're up another almost $1,750 right now on that purchase at 109. Pretty cool how that's going down in terms of how they're doing that. And you may see that become more of, I was gonna say more of a feature. I mean, Rivian's in a class of its own though. There's not gonna be many Rivian IPOs that go IPO to public IPO valuation of $100 billion. But they reserved up to 7% of the IPO shares for the direct participants there as the company laid out in its perspective. So pretty cool how that goes out in terms of trying to service those customers. Not a bad idea in terms of trying to make the customers happiest. It seems like a move right out of Elon's playbook, right? I would believe that one in a big way. All right. What else we got going on jumping down the line here? We talked about Tesla, we talked about Rivian. Now we'll get to Beyond Meat. How about, let's see, they were down 20%. Wider loss of 87 cents a share for the third quarter compared to 39 cents missed on revenue bringing in 106 million versus 109. Now I'm pulling up a tweet here if I can real quick because they have some problems folks in terms of long-term growth on this equity. Come on, I gotta find it. All right, I'll find it at the break. In terms of, excuse me, one second, I thought I had it. Nope, that's not it. Here we go. Give me one second. Here we go, perfect. I'm not familiar with this gentleman, Charlie Bello, compound capital advisor. So he's some kind of financial advisor but nonetheless, look at these numbers folks. Beyond Meat, net income, okay? 2016, they lose 25 million. 2017, they lose 30. They lose 30 in 2018, they lose 12 in 2019. They lose 53 million in 2020. And year to date, three quarters through the year they have lost 102 million dollars. Not what you wanna see folks. We jump over to the chart B, Y, and D is their symbol down 17%. You take a look at this thing on a longer term basis. We're down at 78 bucks. Where's the next stop? Next stop is 55 at the lowest folks. Remarkable that you've given it all back. You were at 220 earlier this year. 220, you're trading at 78. You were 239 back in July of 2019. And I remember when that was happening folks, my dad and I were doing the program in the morning. And I remember comparing the valuation of a company like Beyond Meat to a company like, let's just say Tyson, right? Which has the complete build out in terms of delivery process, delivery network, et cetera. And the valuations were so close for a company like Beyond Meat versus a company like Tyson, which is gonna be a competitor, okay? Beyond Meat, I mean, there's nothing that's gonna prevent them from having competitors in this space. And you've seen it play out over the better part of really more than two years now on that that you got Beyond Meat down 17% at 78 bucks. And what are we dealing with right now? Let's see market valuation wise. Probably talking about 10 billion or something like that. Where are we at? No, five billion. Five billion we're at. So what are we at? Yeah, it would have pushed this company to about a valuation of $15, $16 billion back in 2019, which just seemed bonkers. We jump over to Tyson. I think that's TSN, yes it is. Now Tyson, you look at where we were back in 2019, let's find the prices. We're basically sitting at the same price that we were at in 2019. Give or take, we're at 82, you were in between about 80 and 90 during that period of time. And you look at Tyson for a valuation. Tyson is pushing $30 billion. And that was the point. You had a company like Beyond Meat that was over half the value of a company like Tyson Foods and Tyson's gonna have their own Beyond Meat folks. And they have the whole delivery network, distribution network. That's what I was looking for. They have the distribution for that type of thing. Just keep your eye on that. Sometimes a lot of equities getting a little bit ahead of themselves to put it lightly. All right, jumping down the line to some of the other stocks that we have moving today. So far, yeah, talk about a jump, man. They were up 13% better than expected quarterly results last night. A loss of five cents a share. Market was looking for a loss of nine cents. We jump over to their shares, S-O-F-I. Up 13.7% challenging the highs we had back in May. That high, 24.95. We reach a high, I think that's today of 24.65. Let's put it back on a daily. There you go, 24.65. Up 14% for so far, so far. A firm, the Buy Now Pay Later Darling, rallied 25% in early trading after announcing an expansion of its partnership with Amazon, quarterly revenue beat 269 million versus 248, a firm, man. Folks, stay away from Buy Now Pay Later deals. Up 16%, somewhere in this glimpse, they teamed up with Amazon. Maybe it was in October, I'm not sure. Maybe it was the jump they had in August. Nonetheless, you're talking about almost a triple bagger from where we were in August. Up to 176 recently, little bit of volatility recently. This seems to be the new vogue way for people to incur debt, which is a bummer. You start buying Now Pay Later on everything on Amazon. Folks, if you can hold off without doing that, that would be advised to put it lightly because you never know when you're gonna need that cash in future months, right? You might be able to plan it in future months, but I know it's easier said than done sometimes, but unfortunate, in my opinion, that these Buy Now Pay Later companies are skyrocketing recently as it seems to be the trend that is gonna flourish in the future and that is not a trend that is gonna be beneficial for many people using that because if you're buying Now Pay Later on smaller priced items, boy, that is gonna hurt you in the long run where you're already adding to the debt that many Americans have on their credit cards student loans, et cetera. We talked about Disney in a big way in Bumble. How about Bumble? Not quite living up to the expectations, a loss of six cents a share, market was looking for break-even, revenue came in better than forecast, but looks like the dating boom, not quite back to where they want. There's Bumble shares, Bumble trading down 16% right now. Don't remember the last time I had this trend line on there, I hadn't taken a look at it in a while, but nonetheless, there we are. And interesting, I mean, that was a negative trend line. We accelerate above that trend line in August, we've now come back and tested that trend line and owed to our man, Bud Rolfs. Now, not a channel line, okay? We don't have a channel line really for me. You could say maybe that channel line is on the lower boundary here, but y'all do want to keep your eye on that because interesting how we've come right back to that channel line. We were just trading at 60 bucks a month ago, folks, not even a month ago, and Bumble back to 40 bucks right now, you're talking about let's pull up the valuation real quick before we jump to break, $5 billion company for Bumble. Right on par with Beyond Meat. Bumble, $5 billion. Beyond Meat, $5 billion. Both of them down dramatically today. Stay tuned, folks. We have the S&Ps up by 10, we got the NASDAQ up 98. We're gonna come back and talk a little bit about our man Larry Pezzavento. It's got a live trading webinar coming up in six days, folks. Next Wednesday, right back. Sharpening your skills as an investor is like getting better at playing a musical instrument. You have to practice, sure, but you also need excellent instruction from experts. At TFNN, you'll get advice and guidance from the authority and technical market analysis, and it's not just dry, tedious text either. TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 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. 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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. Are you looking for a secured investment which pays you on a monthly basis? The target first mortgage program may be the program for you. The best rate on a five-year CD in the country right now according to bankrate.com is paying 1% per year or $1,000 per 100,000 invested. The target first mortgage program pays 7% per year, paid monthly on secured, high-value, buildable properties in St. Petersburg, Florida. The investment is for four years, paying 7% per year or $7,000 per 100,000 invested. Your investment is secured by high-value real estate in St. Petersburg, Florida. Your investment can be anywhere from 100,000 to 500,000. You wanna make 1,000 per year on $100,000 invested or 7,000 per year on a secured, target first mortgage. The target first mortgage program may be just the program for you. The target first mortgage program pays 7% per year, paid monthly. For more information, you can call 877-518-9190. That's 877-518-9190. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. With the S&Ps up 13 points right now, NASDAQ 100 up 122. Let's jump to Tesla. Always interesting, man. Talk about some market volatility. Tesla up 1.2% today, trading at 1,081. We jump over to the TFNN homepage, folks. Larry Pezzavento, his program. Coming up at 11 a.m. Eastern time today. Next Wednesday, he's not gonna be doing his show, folks, because he's gonna be in there for five hours live trading for a live trading webinar. Trade what you see Wednesday, November 17th. Six days from now. Remarkable. I encourage you to come on over to the front page of TFNN. Check out Larry's webinar. He's got all of what he'll be talking about in there. Click on the link. You can see kind of what he'll be talking about in terms of methodology with the live trading that he'll be doing. Last one he did of this was in August. Doesn't matter if three or four months. This will probably be the last one he does. At least this calendar year, stretching into 2022. The cost to attend, $295 included in that, a free month of Fibonacci 24-7. That's a $97 value right away. So kind of brings the cost right down to $200 or under that level. This will be archived. The full five hours will be archived, folks. When you sign up, you immediately gain access to Fibonacci 24-7. You can experience that leading up to next Wednesday. Larry always does an outstanding job. For those of you that paid and attended in August, you'll be receiving free entry into this. Larry wanted to give you that. So it should be a good turnout. Should be a good group of traders in there, in the trading room, bouncing questions off Larry that we can all learn from. I'm looking forward to that as well. Check it out on the front page of TFNN. Six days from now, November 17th with our man Larry Pezzavento. Trade what you see, a live trading event. All right, checking back in the market. It's pretty tame action to kick things off, right? You look where we are on the S&Ps. You do dive a little bit lower, but kind of right back to where we were within a couple of points of the open right now at 46.54. Dow slipping a bit, under 36,000, 35,941. We got Bitcoin back above 65,000. We got crude right now at 81.89 in that gold contract, sitting at 18.63. And we'll finish it up with the VIX. We got a market that is trading higher. S&Ps, where the VIX is predicated, we get the VIX right now at 17.60. All right, folks, stay tuned. We got our man Basil Chapman. He did his show at 8 a.m. this morning. We're gonna play that right now for the Tiger Technicians Hour. Larry Pezzavento, he's live at 11. Check out his live trading webinar on the front page of TFNN. Fast Market coming up at 12. They'll be talking some payment stocks. Steve Rhodes, Dave White, and Tom O'Brien live this afternoon. Have a great Thursday, everybody.