 The following is a presentation of TFNN The TFNN bull bear trading hour every trading day live at 10 a.m. Eastern Call now toll free at 877-927-6648 or internationally at 727-873-7618 The TFNN bull bear trading hour Now Tommy and Tommy O'Brien Welcome folks appreciate your growl and a problem with us out here We have the Dow investors down 27 Nasdaq off 45 S&P's down four and a half gold contract up $2 trading at 12 83 and ounce You get silver up two cents $14 85 cents an ounce light sweet crude up 49 cents $63 98 cents a barrel notes and bonds a ten year note up five ticks 123 19 30 a bond up 12 147 11 King dollar King dollar down 316 ticks 97 to 65 and it's the first day folks that we actually have King dollar lower with volume It's gonna be interesting to see if in fact you're gonna get a real pullback in the dollar here You're yours at 112 to 1 US dollar yens at 111 in a quarter and the British pound is at 130 to 1 that US dollar They're taking Google's Google out to the cleanest. They sure are man down over a hundred dollars, right? Yeah, that's quite a little haircut one more time yet. Yeah, we were just going over some of the numbers Obviously not good What's amazing is that Google went and tested its high yesterday and just couldn't handle it You know bottom line. It's the second time. I mean take a look at Google last three years hit high once big pullback Hit another high big pullback Here we go totally let's go with our members to Kevin each a TD Ameritrade think a swim as you do each Tuesday Wednesday and Thursday and don't forget folks outstanding program 11 to 12 Eastern standard time right here tf&n if you want to understand options option strategies futures great program We are in the middle of a monster week out here Check it out right 11 o'clock eastern standard time And if you happen to be driving down the beautiful west coast of the United States right now Remember you can just go to tf&n right at YouTube and check us out Kevin Hicks. What's going on? Good morning, Tom. Good morning Tommy. Now guys six months ago Did you ever think you'd be saying in one day and long g e it's finally starting to work? You know welcome to earnings season guys. This is why this time of the year is like my Christmas I know four times a year. I just love this stuff and you have a real Christmas this time Amazing, but I say what you know when you look at Google if you're a real honest investor looking at a stock like Google You know the sum of their revenues have started to taper off kind of a law of big numbers But this is still a massive company making massive amounts of money and massive earnings per share I'm ready to throw Google out just yet This is exactly what Tommy just said We'll pull it out But I remember the stack as it was staggering they clicks on their ads year on year grew 39 percent Which and then it was like a worrisome stack because it was the lowest growth since 2016 clicks on their ads now They're paying less they're getting paid less per click, right? It's remarkable year on year You know almost 40 percent more clicks on their ads let alone what else is going on the site So I hear you Kevin this there's I mean that's a big number. Yeah Yeah, yeah, I mean and today's gonna be an ugly day and there'll be some analysts now Stifle has already come out and called it a whole company is still massive There's no doubt now Apple we an apple after the close it we the end the x we're gonna get some action out here all day, man Absolutely Apple will be a great Trader today and a great story going forward as we work through this. Yes that can Investor transition to see where Apple is really growing Apartment away from the iPhone, you know, but what's going on in China is China better is it stable? Yeah, and you know what's gonna get intriguing here is that they're saying that They're gonna do some kind of a Full with guidance as to how much Stock they're gonna buy back. Okay, that's a big deal man. I mean people like getting rewarded with straight cash, right? You bring some of that stock off the marketplace, it's gonna make a difference man because they're already printing money Yes, you know so that doesn't have a revenue problem You know, it'll be interesting cuz Tim, you know, remember in early January when Apple guided lower Part of that discussion in 40s and 150 Hey, what did you think you know those banks yesterday man took off that was that's to me it came out of nowhere It's like, okay, what is the Fed gonna come out and say something different? You know three day right time this three-day rally in banks and Oliver Renick and I spoke about it Yeah, why well because today now you can put a theory on banks usually rally late cycle I know what the definition of the cycle is exactly but the banks were beat up and Maybe a strengthening economy is that gonna eventually lead to tenure or at least stable yields in the 10 year and so you know the bank Yeah, you're right Tom the banks have had a three-day rally that is really impressive three to five percent across the board I know and you know this is this anomaly and that's that's the way I felt exactly you said Kevin is that Okay, the banks are up the bonds are up the dollar was up. It's like, okay, man That you know, I mean if we were going to a fundamental textbook that isn't how it's supposed to work I See some of this movement, yeah, you know, it's like riding a wild tiger. I have no idea how And that's what's so great in what options though. I mean that that's the reality Do you know what I mean? You have defined risk you can play it both ways you can you can just play it that yeah You're gonna consolidate shouldn't go sideways and you're still winning. I mean, you know, you're not gonna win You saw the back spread that we put out in crude oil Yes, right and crude oil went up. We adjusted crude oil went up. We adjusted our gamma crude oil went up again We adjust it adjust it and then crude oil sold up hard and and we made you know five group play form these you've got to play for the big moves and play for the curvature and know how to Understand how to defend a position like that and you wait you wait you wait and then you make your money in one big move That's right Right here folks 45 minutes from now and just as Kevin walked you through it folks. Okay, you want to understand it, you know Options are all about strategies. You want to understand strategies tune in Kevin You're a great one safe one. We look forward to show at 45 minutes Stay right there folks. Tell me that I come right back The Taz profile scanner is the most revolutionary piece of trading software that you will ever try Wouldn't you like to approach the markets with confidence as you begin your trading day? 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What's going on john? Hey, how are you doing tom? We're doing great man. How you been? It's been a long time. I get to hear from you. That's a beautiful thing and you're getting a spring up in walden's pond right now That's still a long way off the uh today. It's damp rainy uh 50 degrees. Oh my god You know, that's typical uh early spring in boston. All right, listen I had one of my friends last night text me right and He texts me in his backyard a motorcycle A boat in a jet ski and he says obi. I'm getting ready for for summer. Hello Yeah, it takes a couple more months. Hey listen In in in the month of april we've had i've already lost track of the uh the entire month of April 30 days uh 20 days had some rain Really man, that's intense. Yeah, it's uh, it's a record breaker. Yeah, at least it wasn't snow for me sis Still silver lining in those rain clouds. What can you do? So new mods, right? Yeah, it's a bad one here. Uh, I'd like to do both the bear and the well I don't want to call it the bull case, but I I'd like to move it out on a short cover Uh rally and about do you think it will head for 29 first? No, uh, no, no, let's see. So you lost 28 your highs 39 Um, what you have here is that you know, we we came down in the last two weeks You get down from this is 35 bucks. You're coming into what you want to see. Well, this is pretty good actually 29 92 let me see what you did yesterday So he did 30 53 today 15 million shares, okay So we're doing a test today of this June 50, uh, january 15 swing low It looks to me like you're going to get a rejection. You're not going to get the volume. That's for sure, which is good I mean, we did 15 million down there. You're at 1.1. That'll do about 7 million out here today. Let me see what they did yesterday I think it was 13.5. 13, okay Um, you definitely want it underneath this Underneath this I won't do 15. It should do less than 13 too. Yeah If I put this on a weekly Yeah, this is this this is still in a consolidation, john So it's not the end of the world. No, no the reason I got stuck in this. I mean it You know with all this this merger stuff going somewhat decently and then all the confusion it hit 37 plus And then it hit 36 plus and I stuck it out. I I missed I put a limit order in At 38, of course, I didn't get it Then they announced a special 88 cents a shared dividend right And I stuck for that. Well, you know, that's enormous. Yeah So a big deal I collected the dividend, but then it didn't hold the 34 and it broke But all its peers the healthier peers of all Taken a quite a bath No, they have When you take a look like when I take a look at the equity the gold equity market right now, though It looks to me like it would bottomed out Um And we'll find out This is the first day, you know, if we go over to the dollar for a second This is the first day that the dollar has any type of volume in it and we're going lower You know, we've done 10 000 contracts. That's a lot of contract volume for quite a past 10 30 in the morning It won't be a monster, but this this thing will come in at a 20 000 and we haven't done 20 000 contracts in a while So that should be the situation that is Saying that the fed's still going to be really dovish tomorrow And if that's the case, then you know gold still will go higher and that that dollar You know, we'll see whether it gives it up. I mean it hasn't given it up yet But yeah, the encouraging thing john is that even when the dollar was up Even when the gold contract was down These gold equities didn't break swing lows They can't you know the the ugliest one was heckler if you want to want to just watch something Heckler's going to be one to watch the reason being folks is this This was this, you know took took quite a beating and this is you know, this is not no small stock This this this equity here, you know, you trade a two dollar stock But the bottom line is that they're taking 152 million a quarter, you know, so it just has to do with Their supply of silver coming out of the ground is too expensive So if this equity here, you know, it got a bounce last thursday um, if this can get inside this, uh 220 Then it's saying okay the weakest stock Is not going any lower and that's encouraging for the whole business. You know what i'm saying sure that makes sense Yeah Then again heckler's been around since like 1898 that no they have but that that's why I think watching it is so cool because it got smoked and it's like okay, man this this stock is in trouble if that Just like I said If a stock takes in 600 million been around forever real company that's getting smoked Well, guess what if that can come off the bottom? That is encouraging for the rest of them because that is the weakest Gold equity of a gold silver equity that i've seen out there, you know And what are we looking at it numad on the on the quote unquote the bullish side or at least the dead cat bounce How high well i think i think it's easy to stay in the consolidation the top of the consolidation is you know This uh 36 to that spike high 36 75 Okay, and if that's what you What should happen here john is this This should start moving quick meaning all these gold equities and silver equities and I expect numad to move right along with it You know, okay, that's that's encouraging. Well, i'm certainly not throwing it away into a bottom No, no, no because if you bring this into a longer basis the bottom line is that you know You're still in this consolidation And you they give you uh not that it's much but they give you 1.8% dividend if you have to wait for uh six months Hey, that's about exactly and we're in a zero rate environment. So definitely, you know, okay Can I ask you rfi here? This one is I called you on this in uh in january And uh for some reason I missed it. I tried to fine tune it and pick it up cheaper Uh, you said to buy it at 11. Look at the move this thing went to 13 Uh, let's round it off. Let's call it 13 50. Okay, let's see. It's closed in an engine company Multiple year high. Yeah, high total return in place. There's some contact current income capital appreciation The fund invests 75 percent is equity equity related securities of real estate companies. Okay, so I see what it is. Okay. So oh, this is cool. Okay. So What you have here, this is the fund that american tower is the biggest one. That's that's that's a cool company That's so american tower. That's all the Antennas you see out all over the world. They they rent them all then they get prologix, which is a huge warehouse sx is uh Just a property trust equinox. Okay, so extra space. I see what we have right so Yeah, it's a one-way trade here. Interesting. Well about uh on a number of occasions It had very sharp pullbacks recently to went to I believe it was 12 70 or 12 80 Of course, that was tricky. I didn't know which way it would go and then it it went to this You know about 13 50 level So I am thinking unless it's just too dangerous, although it has a monthly eight percent dividend, which is fantastic I mean eight percent for the year monthly dividend of eight cents If should it pull back to 12 80 again Buy it this thing looks to me like it wants to go to let me see 13 30 you get like three bucks Oh, it's 15 70. Yeah at 12 in the 12 area get it. This thing looks like it wants to go to 15 bucks there on 15 70 So try to pick it up below 13. Yes. Yes Clicking brother Thank you. Thank you. Hi folks. Tom O'Brien here If you'd like to get my daily newsletter market insights, then now is a great time to sign up for a 30 day free trial Every morning by 9 30 I send out my morning letter to subscribers with market commentary on a variety of markets currencies and commodities to keep investors up to date On the day's trading action included in market insights a specific buy and sell recommendations for stocks ETFs and even options Which stops and price targets included for every trade in my newsletter If you'd like to try my newsletter risk free for 30 days Then head over to the front page of TFNN and you'll find market insights under trading newsletters I use my years of trading experience to bisect and dissect the market every morning and give my subscribers the most important information They need to know for the day ahead I even issue afternoon updates for my subscribers whenever warranted with important market action I'm always scouring the market for the next great trading opportunity Sign up for your 30 day free trial to my daily newsletter market insights today by visiting the front page of TFNN dot com Go get them folks The path of least resistance is david white's daily trading newsletter And if you're looking for active trading ideas, then now is a perfect time for a 30 day free trial to this powerful daily trading advisory service David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter Using a combination of equity trades along with options David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted Don't miss out on this great chance to get a 30 day free trial to david's daily newsletter The path of least resistance with no obligation to pay anything David has been delivering solid recommendations for his subscribers recently And if you'd like to see the type of newsletter he delivers every morning Then visit the front page of TFNN and you'll find the path of least resistance under trading newsletters For all the details and to start your 30 day free trial today log on to TFNN dot com now TFNN is excited about our new software charting program the art of timing the trade charts In collaboration with tom o'brien and using his bestselling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any trader's methodology 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 gartlies abc's 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 going to 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 dot 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 dot com Folks uh dow dow is down 67 you get the nasdaq oh no dow is down 31 nasdaq's down 67 S&P's are off a six. What's putting that kind of emphasis on the nasdaq. Yeah, right? Maybe uh the google of google's We bring this baby in here. So you get google down 8.2 percent. Yeah, um, you get win off 3.5 It's going on macao western digital down 103. Yeah, right? That's and then you get on the upside you get nxp semiconductor up seven and a half percent Inside corp up 4.5 Pfizer up 2.4 and xilinx up 2.3 xilinx is already can we go into win and see what's going on? Yeah, totally Do they come up with earnings or something or downgrade or something's going on right? So you're down 5 I see I see their date earnings today for I saw 4 30 so they're probably out. No No, I guess not boston decision. Look at this One is one they're doing uh endorsement for two proxy firms proposed boy changes at the gambling giant Burnishes its badden Corporate reputation ahead of a heavily anticipated regulatory decision. Yeah, so this comes of course mass chooses I haven't made friends as you do still up there So, um, they have a massachusetts gaming commission and they I believe when you know all this stuff happened with steve win in corporate culture and board Governance and I said hold on a second We got to put this license on hold for a second and make sure that you know this huge casino that we just allowed to come in Um, yeah, and so um, they're spending five billion dollars. You don't have the license talk about I know But guess what when you're running that type of show and really what it spoke to and we said before Zero corporate board governance. So that I think was the bigger worry You know in terms of just that individual case that the board so The boston decision shaping up as a major issue for australian investors in James james packer's crown resorts if the commission clears when it could reopen a path for the company to resume The abruptly aborted talks over potential merger. Okay. I remember when those came out as well Right. Um, yeah windsman under heavy scrutiny since january of last year of its handling of allegations having to do its founder Um, this includes changes in management the board as well as large donations to charities probably should make up for some of that Goodwill So let's see the spokesman for the massachusetts regulator and leon driscoll said the commission said the commission's in the final stations Yeah, what are you guys? Sorry? I'm a lot. The commission scheduled to meet on wednesday. Okay. That's tomorrow. Yes. That is tomorrow Uh, and check that out. So they plan to open in june. It's 3.7 billion Uh, excuse me. What is that 2.7 billion? Why do they have 3.7 in parentheses? I wonder Um, usually those are different currencies On core boston harbour casino, which will be forced to sell if the license is withdrawn That is going to be a high stakes regulatory meeting Look at a hundred million dollar fine. They're thinking They're shaking them down. Yeah saying maybe fine them, but don't kick them out. Yeah Send it over to my favorite charity Yeah, right pretty interesting. Um So i wonder why it's down three and a half percent though. It doesn't seem like that would be Interesting nonetheless, let's let's see what else is there. That's Well, that's actually lvs. That's we'll be able to kind of tell we're gonna and they do have their earnings though today Or was that the 52 week high? I think um I just seen 52 week high or one of them. No date earnings. Yeah after the close probably I'm saying after the close. So let's go take a look at apple. So uh apple speaking of after the close Yeah, all right. You get it. We have action out here. I'm gonna jump around real quick But the expected move on apple I pulled it up We're in that analyze tab on the td ameritrade thinkorswim platform Oh, it's going up It was about eight dollars and 80 cents when I pulled this up right after we talked to kevin at 1015 So look at that in the last 20 minutes, right? You've had and it's climbing man We're at eight dollars and 78 cents. It's the expected move. Okay, and this has to do with Positive or negative right? It's kind of what it would with the market's pricing in if you wanted to get action on both sides It's going to cost you where you better expect to get more than that move if you're going to make money on a volatility Right because you're paying that type of premium for that type of you know implied volatility basically Um, and it's remarkable that we've now gone 40 cents Which is 40 cents in both directions. So the markets opened up basically 80 cents extra movement in the last 20 minutes Um, it'd be interesting to see how that moves throughout the day for that expected move As apple comes up with those earnings after the close. Yeah. Yeah, and so there let's And keeping in mind as you go through it 4 30 So if you're looking to treat the futures, you know, sometimes those nasdaq futures as yesterday would have been a decent opportunity With google coming out right after the bell apple 4 30 those numbers are going to be dropped Yeah, so it looks to me like I don't see apple going higher I don't see it going a lot lower 197 looks like it's somewhere in here. You get like that's the last time It was volume this 197 to 184 You know, we'll see. Yeah, but uh, it's had quite a comeback from the december lows So no doubt about that along with everything right along with everything Let's see what they're doing to amazon because when google came out amazon was down 10 bucks. Okay Down 19. Okay. Yeah, man. That's nothing. No, it's one percent But it is nothing in the context of apple being down. Uh, excuse me google being down, you know, nine percent or whatever Shot volume on the way back too, so uh GE GE, you know, they're all yapping about GE, but the bottom line is look at this thing I mean like the headlines of google is they it's a comeback story. It's like really I haven't dug into it too much You gotta gap up to 10 53 the last high up here was uh 11 29. So let's see what they're saying Yeah, I mean we are what is that like 10 12 percent in the last three days Yeah, it's got to be So let's say GE jumped after revealing that it burned less cash to stop the uh, which is a big deal Especially for a company like this, right? Which is exactly, um boasting the chief of the calculus, uh, effort to rejuvenate the ailing manufacturer GE's business and industrial business went through 1.2 2 billion in cash the first quarter of the company said as a reported earnings and reaffirmed 2019 Financial forecast that was better than wall C's expectation of a 2.9 billion burned. Well, that's that's that's so many paws there because that is like Whoa, yeah, that's one Two yeah 1.7 billion extra right in terms of uh And last year I guess they came in at 1.7 billion. They burned. So yeah, so that's that's not oh, definitely. It's just that Yeah, let's go see what else is okay. No just go back I was just going to keep going with uh, I just wanted to see what they uh That no we're down further, right Yeah, just what it was driven by so it's driven largely by timing as And this is where I had heard some of the timing of things as orders and the gas power and other businesses came in earlier than expected So to be aware there that if uh, you're collecting some of your receivables, maybe earlier than you thought Well, guess what happens next quarter When that's what they want. Yeah, the relative strength will balance out over the course of the year Yeah, because that was such an enormous beat. So that's probably no change to 2019 expectations. Interesting. Yeah, that's where I want It's still haven't stopped messing with their numbers That's the bottom line. So uh, yeah, and when you're pulling in that type of cash, it's going to go to the bottom line too So they topped expectations for profit and sales adjusted earnings 14 cents a share compared with nine um revenue fell following 1.8 percent to 27.3. They were looking for 27.1 Billion but again, that's only 1.2 billion difference there and what what was their cash burn difference 1.7. Yeah, right So we'll see what happens next quarter. Yeah Yeah, so let's see what else we got out here This is some of the higher volume equities out here today Oh, look at that. Transitions getting smoked down 73 cents Eight bucks. Let's go Look at this baby I saw something about cash and their headline as well. Maybe not so on the good side like these guys in diamond offshore I've got smoked We don't need rigs outside. Look at this stock It was 154 dollars eight bucks Stay right there folks. 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Yeah, exactly. It's like the last thing you want is You're fighting someone with buffets running war with warren buffett backing a company. No for sure And you're gonna see this is this is one of his classics folks is that we won't have this out here Well, he loves preferred stock. It's worth it. He does How can you go wrong? Why not right? Who doesn't love anything preferred? That's the definition of preferred you prefer it Right and what happens with The way he normally does that. Okay. Oh, here it is. It is it's out here that okay, he Gets the shares, but then he makes them pay Interest to him simultaneously dividends. They're gonna call it. So he's got a preferred dividend of 8% a year So he's making 8% on his money He gets the stock he gets both Yeah, yeah, so one buffet. Let's see gonna invest 10 billion in oxy to help the Oil producer in its 38 billion bid for anadaco. That's pretty good. Yeah one one investors getting a quarter of it Yeah, not bad not bad at all and I wonder what is percentage of shares. So he's gonna receive 100 000 shares We'll jump over to a second. I wonder what percentage of the company. That's right because that's gonna all that's right Because what also can happen with preferred is that one preferred share doesn't have to be one common stock share Sure, and I think it might be for voting purposes It might be just because they haven't mentioned it outside of the dividends But it's interesting that you know and just looking at uh, Occidental I think they were like about 43 billion dollar market cap. Okay, so in fairness though He's not buying 25% of the company no for 10 billion which you almost could right in theory, right? So he's taking like the different route there with give me 100 000 shares Maybe I'll invest that but then you're gonna pay me back. There's a lot of either way He always seems to put together the best deals in the house And it's always companies that might need a little bit of capital At a time and and you know if you're gonna on the flip side, right? If you're gonna come in and try and compete against a company like chevron To buy an oil company or a natural energy company, you better have some some Ammunition behind you, right? Because chevron I think 220 to 130 billion and that's all the renter gets talked about to say hey listen I know you want to hire bid, but how are you gonna? Develop all these resources that you're buying if you're only a 30 to 40 billion dollar company when you know Takes that much money. So the they're smaller size and financial resources make the offer riskier for antidarko shareholders That's what they're kind of leveraging here if you're an antidarko shareholder and um Yeah, so we'll see what happens. So before the announcement came out My opinion was that chevron would have to increase their bid to be competitive That's the cio of somebody which manages. Um, I think this point You would consider chevron's bid dead as in uh, he's quite a player to come into things and if Because the one thing is that that adds credibility now to say hey Buffett's not going to let you buy these resources and then not fully develop them, right? So the capital now is there Which I think was the biggest worry right for occidental because occidental has always been a higher value, right? and you can imagine the Occidental as well as the antidarko sharehold is saying okay buffets in I like the deal. Yeah, I mean if they're wavering. Oh, no, I agree And because it was the only risk was oh man, can this company Do they have the funding? Do they literally the question was are they big enough to develop all these assets the way they're going to be needed to? Well, that ant that that question just got answered no doubt and chevron's say, uh, we'll take our billion dollar breakup fee I know the investors say now. We don't have to worry about the risks of a big development We'll just take our billion dollars We'll move on and fight another day with another numbers the numbers are amazing 10 figures It's like I had to do in my head 10 figures to not do a deal to not do a deal one followed by 9 zeros put it in the bank It's a good negotiation. That's a good negotiation. That guy should get a bonus that woman Whatever that that person should get a bonus whoever uh, and I know it's probably not standard, right? But doesn't mean it's easy to put into those contracts. No. Yeah 30 a bond so a 30 a bond out here today folks that rejected lower price Yesterday came down with light volume, you know these these are setting up for tomorrow I you know, I expect you're going to see higher price low yield And this that's going to be really what what's in the statement and then what is that what is definitely happening is that uh, every Fed meeting now has a news conference. Yes, they're live. Yeah every one of them So there's going to be a lot of questions. There's going to be a lot of questions about Always you've been here lately is that yeah the Fed has to change this has to change that has to change The guys sure I it's going to be interesting to see the play in between the Questions being asked and how Powell's uh always is interesting especially as uh Things fluctuate so much. It seems with every meeting these days in the last six nine months incredible fluctuations There's no doubt the euro so the euro got back inside its range folks this morning, you know that uh, you know Claught its way back inside that 111 77. Yeah, and you know, this has been a weak dog, man You know, so let's go look at the trailer mark. Well, you look at today's where 111 76 is the low So we start literally a tick below that 111 77. It's been mostly upward action. Right and you know, that was What it seems that we've had here. Well, we have had you had the dollar break top side couldn't hold it The euro broke downtown couldn't hold it Um The yen now the before you go away I just have to say though that that channel man lower lows lower highs like it doesn't get much cleaner And you could even go back here. You could even go back here. I mean that is a direct line downward So it'll be interesting to see what happens as we're kind of right at now the top end of that uh that trend line No doubt. Yeah, no doubt don't even need to draw the line everyone sees it so clearly You know, I mean seriously you've been doing this too long. Well. No, come on. That's just simple No, no, no, no, no, no, that's not how it works. That's that's simple That's anybody who can see can draw a line to the top of those charts. Let's not overstate what uh No, that's I that's not the market man. That's what I'm trying to say. It's so simple You don't need to know anything about market to say. Where is the trend line on that chart? I mean, I just wanted that That's how simple The uh the yen, you know, so we have japan close for a week 10 days even it's 10 days. Yeah, so it look I don't expect much movement in the end You know, we're gonna be just bouncing around here because you know, you're not gonna need a lot of yen to be buying or selling, you know, so Um, when that market wakes up though, yeah Can't imagine just try and imagine what would happen if the u.s. Was shut down for 10 days I mean, you better be in your seat ready for that reopen on the 11th day, man I mean, that's it. Yes, it's and and there's good reason why it shouldn't be because you need liquidity to know What a market at you know price that there's a reason well because we're so used to Markets pricing every day too. Well, it's because we used to a functional market. I mean, that's that's what right I mean, that's it's it's the reason why I'm joking. That's a scary notion, man because my goodness, especially if There's some volatility over those 10 days. Yeah Or good, you know as in something crazy, right? You can get the other side of the trade, you know, no doubt about that Uh right now, uh, let's just I'm just curious senators wise Still look at it. It's nothing. Yeah nasdaq, but now it's down eight tenths of one percent. That's nothing not bad when you have Google down. Yeah, eight or nine percent apples afternoon though. Oh man Uh, it'll be a double bang over that expected movies as we keep watching it's ticking up man 932 Stay right there folks. Tommy and I come right back I'm certain you are or strive to be one of the best of the best at everything you do in life It's the most common trade that we tigers and tigers share If you're looking to become the best of the best when it comes to managing your money Let me teach you to do what most wealth managers tell you can't be done Which is how to time the markets I'm steve roads author of mastering probability and for the last 12 months Timer digest has been tracking my newsletter signals Which have earned me the ranking as their number one market timer in the nation for the s and p 500 For the last 12 six and three months timer digest also ranks me as the number one market timer for gold as well The fact is markets can be timed and I'll teach you the exact set of tools that I use That has transformed me into one of the best at what I do Sign up for mastering probability today by clicking on the newsletter tab on the home page of tf and n dot com And get immediate access to workshops where I take you step by step How to use an extraordinary set of tools as well as provide great market calls too Sign up today. It's amazing to think that tom o bryan started his weekly gold report 17 years ago with the first issue published April 7th, 2002 when gold was trading at under $300 per ounce gold peaked at more than $1,900 in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run Tom o bryan publishes his weekly gold report every monday morning for subscribers Consisting of coverage of the xa u hui gdx the dollar bonds south african rand as well as 25 different mining equities with specific buy sell recommendations As of april 1st of this year the gold report currently has eight active positions with an average Unrealized profit of almost 8 for each open trade new subscribers get a 30 day money back guarantee So you have nothing to risk for all the details and to start your gold report subscription today Visit the front page of tfnn.com. Don't let gold's next big run pass you by sign up today Since 1984 basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion While originally hand drawing charts from the late 1970s into the 1980s basil noticed that prices under most Circumstances virtually always had a certain number of legs to the upside before declining sharply Later basil found the computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns As well as market trend calls thus was born the Chapman wave sequence Using the Chapman wave methodology along with other indicators basil Chapman advises his subscribers of his expert market opinion Each market day with his opening call newsletter right now You can get a two week free trial to the opening call basil's daily trading newsletter by visiting the front page of tfnn.com Cancel at any time during that trial and pay absolutely nothing Get your two week free trial to basil's newsletter the opening call 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 Folks uh dial right now is down 47 that is except 72 sips off six and a half What is going to be interesting is that as they uh the premiums They've almost up a buck since we started the program an apple like 50 cents 780 So I believe our 880. Excuse me. Well, let me just put yeah It says yeah 880 it was to 9 now 940. Um that expected move in both directions. Yeah Mike's getting a little more Make any pay for that premium man Make you want to lock in defined risk to the upside and the downside Give me a little bit more cash because we're getting a little bit nervous And maybe it's just nervous. I mean you can see if the market starts picking up to the downside and gets a huge acceleration That could add to it because you don't want to be giving out your earnings as the market just gets You know hit with a big loss of a day Um Yeah, so let's look so sitting like 201 so expensive. Yeah, and so you can see how what this is doing is you'd buy the The call you'd buy the put right you combine them Right and that's where you're looking for because you want the put you want the call You want it right at the price kind of how we set them up on the netx platform And so that's where that expected move comes from and just ballpark right now if you did it at 200 But that's not going to quite work because you're 201 right, um, but you can see at 200 There's your 200 on the bull side. Yeah, you're getting it at 570. You're getting in at 630 So that's costing you 12 dollars But guess what you got a dollar of that that's value and these are going until may 17th Which is why you got instead of just going for the immediate short term right, which is pretty cool It's pretty cool when you can see that how clear that is. Yeah, definitely. Yeah, let me even this is going to wrap up on this Real quick, but I was gonna pull up Yeah, because see here the made thirds Uh, and there's the 200 so there's a quicker one 470 by 570 Yeah, they're gonna 10 40 and that's still through made third Which is only a buck over what the expected move looking for right now Stay right there folks. We get a fast marker coming up next Then of course we get our members to uh about the chaplain steve rhodes. Stay white. Be back this afternoon. Thanks. Well, thanks, man Yeah, I don't get it folks