 Good Wednesday morning everybody I'm Tom I from TFNN just after 9 a.m. Eastern time We got about 24 minutes to go until the start of trading and markets picking things up in similar territory as of Quite the acceleration end of the day right during my dad's program three o'clock yesterday We're trading right where we were right now. You surge higher by about 25 points into the close We trade price level until about 3 30 a.m. Eastern time and we're back to 47 65 in those S&Ps were off By 20 it's right now NASDAQ 100 we're off by a hundred and eight points right now. That's two thirds percent We're actually below the lows of yesterday afternoon Dow Right now see if I fix No, I gotta get gotta get that vocabulary. It's been an up year in 2023 2024 shaping up a little bit different Look at the volatility on the Dow yesterday right You dip down almost 350 points from where we were 38 one to 37 750 you get back above 30,000 middle of the day just volatility everywhere man and just like that. We're back to 37,000 849 Dow off four tenths percent How about the Russell man? Looking a little bleak in the Russell the Russell now a solid 100 points That's a 5% pullback from where we were on December 27th, man The volatility percentage wise in the Russell is just bonkers sometimes you talk about volatility. What were we talking about yesterday? What were we talking about remember do you remember what we were talking about? We were talking about Bitcoin and we were talking about hey, there's a lot of optimism built into this Bitcoin around the ETF right now You saw Coinbase accelerating dramatically lower yesterday as well Bitcoin finally gets quite an acceleration And when you get an acceleration in Bitcoin, it's a 10% acceleration and at these price levels a 10% acceleration right now Is $5,000 almost from 46,000 at 5 in the morning down to 41,000 110 at 7 in the morning We're back to 42 42,000 705 with that in mind. We do jump to Coinbase as yeah, we were talking about this one yesterday Coinbase just gave up $40 from where we were at 6 in the morning yesterday $40 $40 is my dad's favorite number 40 185 to 145 you talk about volatility man That is your biggest indicator on crypto up there. Okay, let's put this on a daily. Where are we back to man? Look at this though. We're only back to where you were on December 18th. Okay, I mean Where's a natural pullback on Coinbase? Look at this last time we had volume on Coinbase was July 13th folks Got you to Ohio 106. We're sitting at 145 right now on a Fibonacci basis Yeah, the 618 gets you back to the high of July Right that first acceleration on a daily basis is July 13th gets you up to about 110 114 93 is the 618 pullback and on the following today July 14th. Look at that. We got to 114 43 be careful, man Longer term. Yes. I think this kind of got rid of the riffraff There's Bitcoin Pretty remarkable that it took a Ponzi scheme. It took Binance doing their deal CZ is gonna do 18 months But guess what everyone's clean there, right? That is the factor that goes on everyone's clean as in CZ Binance has made their deal FTX is out of the market, which would be scheme and you got room to go higher We got two double peaks in 2021 not often. Do I spend so much time on crypto in the first segment? But boy, we got some whoops, I go there it is. We get some big things going on longer term Yeah, I think this thing is ripe for an acceleration But we just went from 16,000 to 45,000 we tripled in price in one year Wouldn't be outlandish to see this thing dip back down to 30 32,000 something like that We were just trading folks in September at 25,000 so keep that in mind coin acceleration And I think Coinbase as I stated yesterday Was a little bit of the heads up when this thing traded from 185 to 165 Bitcoin was still holding up pretty well right yesterday Bitcoin was still chopping around 46,000 when we were talking about Coinbase Decelerating to lower prices this morning Bitcoin joining the rally. All right crude You know, I almost saw a $2 price. I know they must exist. I think I passed a gas pump yesterday It was $3 and one penny. I said damn man $2 gas coming at you and yeah, that seems to be the case as we're sitting at 7122 and the price accrued You're technically up by 84 pennies From where we were yesterday afternoon, you reached a 69 handle overnight 69 28 the price accrued We're trading at 71 16 even as the geopolitical tensions ratchet up around the Red Sea right around the Houthis the rebels And we have a little bit of more potential geopolitical as you got a Hamas leader getting killed out there In Beirut in Lebanon potential to ratchet things up even further Nonetheless, we got negative markets and we have crude trading with the 71 handle You jump over to notes and bonds. What do we got? We got lower price and higher yield coming at you What who said what that's right lower price and higher yield We're within a stone's throw of 4% folks 3.99 on that 10 year 3.99 Nice round number. You put this back on a daily No real extreme pullback, right? We just traded from 105 and change up to a price level of 113 and change So we've given up one point, but remember we just went up eight points. You've given up one point now For some Fibonacci context on this move. I'll give you a little bit of context I mean if you're talking about where we can go the 3a2 brings you back to almost 110 That's kind of the area that you chopped around at August through September before you traded lower Yeah, so maybe 110 111 right something like that Always interesting. We'll be talking to our man Kevin Hinks coming up after this break We'll be talking to our man Teddy cake stat at 40 past the hour Teddy raised the tiger 4x report every week folks He has a couple great webinars under the services tab at TFNN. We always talk about 4x We always talk about yields which drives a lot of the 4x action 4x action drives the yields accordingly We always talk some good crude oil So that's coming up at 40 past the hour as well a couple great interviews on this Wednesday program You jump over to the volatility index still sitting with the 13 handle, but slightly elevated 1423 is where we got to pre-market yesterday. We're trading at 1383 a little bit of volatility in this market as we keep sliding To negative prices. We're making pre-market session lows right now. We're below yesterday's low in the wait back that out We're not getting let's put it on a 15 minute. There you go 40 7 63 and Yeah, we're what almost 80 points off of where we're trading at last Wednesday last Thursday coming into the final trading day of 2023 pretty remarkable you jump over to the dollar index as we got market weakness. We got higher yields You have dollar strength, right? Kind of just a reversion of what we've been seeing interested to talk to Teddy because he's been talking about this You know, we talked about it last week coming into the end of 2023 he and I saying risk reward, right? Where is the possibility of moves in this market when you trade from 107 in the dollar down to 101? Yeah, there is dramatically room on a longer-term basis lower But don't be surprised if you get a little bit of a pullback or a little bit of a reprieve of Some of these moves because they've just been so magnificent man The tenure comes to mind the most, you know from a 5% handle in October down to what we get to about 3.8% And we are at a nice round simple number of 4% killed on the tenure. Alright folks We got a lot to talk about we got some Fed speak Richmond Fed president Thomas Barkin. He's a voting member We'll talk about him. We'll talk to our man Kevin Hicks when we get back get a lot to talk about folks January 3rd We're right back If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and Technicals sign up for rocket equities and options report today with a 30-day money-back guarantee So you have nothing to risk for all the details and to start your subscription today visit the front page of tfnn.com Tfnn educating investors Everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for Everything from the most aesthetically pleasing artwork to patterns in the stock market 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 expect notifications from Larry on market movement You need to act on at any time first-time subscribers also get a 30-day money-back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the Fibonacci 24-7 newsletter today tfnn.com educating investors Tfnn has launched the Tiger's Den hosted at discord Tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours The Tiger's Den available to all Tigers and Tigris's for just one dollar for the year There's no catch or added costs when you join our community of traders sign up today and become a part of this Educational community of traders just visit the front page of tfnn.com Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 Finishing it number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge Every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter Mastering probability and you'll receive access to seven of Steve's educational webinars Absolutely free at tfnn all our newsletters come with a 30-day money-back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors Apologies hit the silent button there for a moment. We're back with the S&Ps down by 23 NASDAQ 100 off by 111 right now And we jump over to Apple shares so Apple almost started the hysteria a bit to the downside yesterday You close out 2023 at 192 just like that. We're almost at 182 man. We're trading at 184 22 You see the low yesterday 183 89 Talking about an $8 pullback on a company with about 16 billion shares outstanding folks What is that 24 48 128? It's about it's about 130 billion dollar market cap lost 130 billion dollar market cap loss Pay attention man. These tech stocks they carry the market up and if they got some problems man Be careful Microsoft quite a drop on the open but not exactly the slide that Apple saw all day Yet Microsoft trade from 374 to 368 and We're trading it closed at 370. Yeah, but we're trading right at the lows yesterday of 368 15 yesterday What I did find interesting, right? I talked about at the end of the program yesterday Of course Basil Chapman. He comes up next every morning tiger technicians hour live from 10 to 11 Writes an outstanding newsletter folks the opening call if you haven't checked it out great time to do it Comes with a 30-day money back guarantee for all new subscribers Basil's outstanding daily trading service He puts out at least about a 40 minute video every weekend You had archive webinars in there, but what he has often talked about is rotation Okay, and on the day when we had stocks getting slammed right across the board Yet some winners there man. Check out Walmart yesterday, right Walmart from 157 and change to above 159 on the close yesterday and we're higher yet again today Target higher as well yesterday from 142 to 144 this morning. You are backing off a bit 142 56 but a little bit of a divergence going left and right there With tech stocks pulling back and you saw a couple of those equities trading a bit higher All right to talk about some of the market action Let's jump over to our man Kevin Hinks every trading day folks 12 noon Eastern time fast market from the Schwab network with your host Kevin Hinks Tom White and let's just jump into it Kevin We got a little bit of red on the board yet again this morning. Good morning Yeah, what's going on with this 2024 Tommy with all these red all these red arrows on screen It's a little different than 2023, but you know Tommy The start of 2024 may have something to do with how 2023 finish and that is valuations are a little high and Some of the data like the Apple downgrade yesterday certainly had something to do with the overall market So I think today is going to be another one of those days where we're trying to figure out What I think one of the big things we're going to find out today is a Fed minutes that come out at 2 o'clock Eastern did Jerome Powell. Did they talk about cutting rates or didn't they? Right Jerome Powell says they did some of the people the meeting comes out and says they really didn't talk about them So we'll find out what that is I mean we get some jolt data that's supposed to uptick slightly from 8.73 million to 8.75 We get ISM manufacturing at 10 o'clock Eastern that's 13 straight months in contraction and expected to be another month in contraction Tommy So yeah, this market is certainly You know stumbling out of the blocks to start the year for sure Yeah, like you said, I found myself saying up X amount of points. I say I got to recalibrate that brain We're down points doesn't make sense to my brain. I'm not used to those types of analysis But we do have some read across the board. I wanted to ask you about Bitcoin a little bit Kevin I'm pulling it up here in the thinkorswim platform quite a pullback this morning coin base in particular, man Not sure if you saw a coin base from 185 pre-market yesterday. I got a price tag of 187 95 on my thinkorswim chart Just going back to last Friday early. We're at 146 this morning a lot of euphoria quite the year for bit Bitcoin yesterday And I just want to get your take man people talking about it I mean just that number on coin base down 20% on coin base quite a start to 2024 Bitcoin still above 40,000 a lot of optimism about that ETF. Do you look at Bitcoin at all? You got any opinions on what's happening in that volatile market to kick off the year? I Personally don't trade Bitcoin Tommy, but I can tell you this The more it gets adapted like I think the news on this ETF is pretty important the more gets adapted the more people May you know the more demand. I think it's on a big momentum move right now That may frankly have just come to an end actually if there's some news about the ETF or what's happening there I didn't see the breaking news on Bitcoin or coin base, but certainly if it's some news on the ETF Acceptance or not that's what seems to be driving Bitcoin lately but as you know Tommy Bitcoin the momentum trade and Once it starts in one direction based on the news It's hard to really understand what the value is the Bitcoin But it certainly trades on some momentum here based on news cycles and overall adaption Tommy It's a great point man in terms of maybe you know as they always say right by the rumors sell the news We hear that news come out and I'm not sure what's driving all that action I mean coin base started some of that pullback yesterday Bitcoin joining the pullback today, but yeah Maybe this is I mean you talk about all time now not all time But boy, we're pretty high up there in the optimism in the crypto sector. I don't know if you noticed yesterday Kevin What do you think about you know some of the equities I was talking about as I jump to you to start the program? Walmart quite an update yesterday a little bit of a rotation Maybe you had the Fang stocks the magnificent seven pulling back hard not all the equities pulling back with the market though Did you see some of those? What do you think about that in terms of Fang stocks let us hire last year? And we have a little bit of a different Walmart's the one that jumped up out of the me the most quite a surgeon's hire But I didn't know if you saw that happen at all yesterday Yesterday was an interesting day because of what they bought and what they sold right they sold It's almost like the market looked at the big percentage winners from last year It said we should probably lighten up on some of these after let's say video is up 238 percent You're right. Yeah, you look at the percentage winners from last year and remember Walmart broke down hard on their fourth quarter on their third quarter earnings. So it sold off It's probably recovering some of that member target went up Yeah, and Walmart went down on third quarter earnings So I'm sure a little bit of recovery as as you know Tommy Walmart's gonna put up the numbers at the economy starts to slow They actually probably do they outperform most Companies during any type of recession or as people price down in some of their purchases So not really surprising that Walmart when it sold off after earnings is probably recovering here Yeah, I found you know my my own personal found myself in Walmart a lot over the holiday season man getting the same goods You can get in other places at a more affordable price and with where things are in terms of prices Everybody paying attention to those prices with that in mind Kevin January 3rd You guys got any equities coming up on fast market at 12 today? All things travel today Tommy on fast market. We'll look at Expedia We'll look at United Airlines and we'll look at Royal Caribbean So any way or any form that you can use to travel we're gonna cover it today Tommy We're gonna do boats. We're gonna do planes and we're gonna do booking companies Nice Expedia. I've used Expedia myself a few times and quite a surgeons for them pulled it up Just that recent earnings they had at about 93. We'll push in 148 Kevin, I appreciate the time as always on a busy morning, man We look forward to fast market at 12 today and I look forward to talking to you tomorrow on the program as well as always Thanks for having me on Tommy Always a pleasure folks check it out fast market today. You heard about it all things travel. Yeah I use Expedia myself a lot for many things You know, if you've never used it for a rental car folks, that's one of the things I've used it for I found tremendous deals You go on there and you just choose a rental car Okay, and there's some great deals that they put you out there let alone travel You combine it with the hotels etc. It's one of the services that I have used myself And had some decent experience with and you see the resurgence. Where do we pop to the 618? Fibonacci stay tuned folks. We're coming back for the open. Don't go away We'll be back in three minutes for that opening bell TFNN has just launched their new trading room the Tiger's Den hosted at Discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours And now they are expanding their reach with the Tiger's Den available to all Tigers and Tigris's for just one dollar for the year There's no catch or added costs when you join our community of traders in the Tiger's Den You can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas Interact with other Tigers and Tigris's as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the Tigers Den at Discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of TFNN comm Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe Which is why it's a great time to try out Teddy Keg stats Tiger Forex report Teddy Keg stat breaks down the Forex markets every Monday using his 30 plus years of experience as a trading veteran of futures Forex stocks and options Teddy releases his weekly Tiger Forex report every Monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar dollar Swiss dollar yen as well as many more And he also has weekly coverage of the crude oil market and the 30 year t-bonds as they both influence Forex markets Tremendously when you sign up for the Tiger Forex report You also gain instant access to Teddy 60 minute webinar archive He just hosted Forex strategies and fundamentals What is behind the Tiger Forex report for all the details and to start your 30-day Tiger Forex report subscription today Visit the front page of TFNN comm TFNN educating investors Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter market insights your key to successful active trading Tom O'Brien Renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades Tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a seasoned trader or just starting out market insights provides the Edge you need to navigate the markets with confidence ready to join the ranks of successful traders head over to TFNN Com and subscribe to market insights today Don't miss out on this opportunity to supercharge your trading results market insights comes with a 30-day money-back guarantee for all new Subscribers, so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to TFNN Com right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter market insights firsthand TFNN educating investors Don't forget you can listen to TFNN live on your mobile device 24 hours per day Go to TFNN.com then hit watch Tiger TV that's TFNN.com then hit watch Tiger TV Welcome back folks. We got markets open and you open right near pre-market session lows right now with the SMTs 4762 we're off by half a percent NASDAQ 100 or off by seven tenths percent 16,599 you jump over to the Dow right now We're off by three tenths percent the Russell leading the way down trading off 1.3 percent right now You jump around to some of the stories out there this morning And yeah, so this one you had a senior Hamas leader in Lebanon That's what I talked about briefly at the program here the deputy political head of Hamas was killed on Tuesday alongside six Other members of the Palestinian militant militant group. This was in Beirut in Lebanon So you got the potential here to escalate things slightly Lebanon has claimed Israel's responsible for the blast accused Israel of trying to drag Beirut into the regional war Israel has not yet claimed Responsibility for that even though the odds are pretty high that they have some responsibility. What's going on? Again just the possibility for things ratcheting up on a geopolitical basis And we jump from that to this story just coming out this morning as I'm on the air with you Got a hundred people killed in Iran, and this looks to be maybe internal terrorism. Not sure what's going on just coming out there This was as part of a ceremony to commemorate their top commander Salamini right who was killed by US drone attack in 2020 so they had a A big event going on to celebrate him and you got a couple explosions going over there And this looks to be a tough one haven't seen any video, but you're talking about potentially a hundred people dead hundreds injured just It's not good on a humanity basis and when you got geopolitical tensions ratcheting up when you're involving Iran You're involving Beirut. You're involving Lebanon, and yeah The potential for things to escalate to put it lightly All right, what else we got here? Let's see. Oh, we got a couple cool stories. All right, let's kick it off with this one All right markets is open But this one is because of innovation. Okay now check this out friend store one of my friends shared this with me this morning We're all familiar with the game Tetris, okay We got a 13 year old break in Tetris, and we got a 16 year old that might be the darts champion in the world coming up That's 16 year olds playing for 500 grand this 13 year old He's just playing for YouTube views as of now, but nonetheless pretty remarkable The first person to beat the game when it came up 34 years ago 34 years ago. All right. I am Gotta do the math man. I'm 43 So can't believe Tetris came out when I was nine first eight years in my life didn't even exist, right? What a perfect time nine years old. I was really I mean born in 1980 Video games I mean to be nine years old when Tetris comes out That's like the perfect age to ratchet up some Tetris all things screen time, right? Keep your keep your eye on that screen time, but screen time can be okay for kids as well. So Competitive Tetris player first known human to beat the game. Okay in doing so doing so blue Scuddy broke world records for overall score level achieved and total number of lines in the 34 year old game Previously only AI had broken Tetris That was two years ago too when you click on that brings you to a YouTube video from two years ago that AI had broken it Took him about 38 minutes. All right. I watched some of this YouTube videos this morning Now what is so cool about this story? This is how the how this happened, right? in 2021 They and I say they the gaming community discovered a new technique of how to use the Nintendo controller folks This controller has been out for 34 years. Okay if anything this taught me that you can always be innovating, okay? And what it is is it's called rolling and basically the way it works is instead of trying to hyper tap the buttons Okay, because what you got to go so fast when these lines are all coming down fast, right? They're dropping the different Tetris shapes you have to press the buttons so quickly to Transform that and change which way it's coming down change the shape so it fits in the opening, okay? That it used to be hyper pressing hyper tapping was the way that all these world championships were basically one that people had Figured out how to hyper tap those buttons, okay? They would type them 12 times per a second and that was the way that all of the people competed Well, guess what somebody discovered in 2001 that you could literally just take your fingers and roll them underneath the controller As you're holding it down and that gets you 20 times per a second Imagine that you have something that is 30 years old and nobody has even found out the best way to hold the controller yet And that's what they did so remember that when you think something can't be innovated Pretty remarkable that 30 years later somebody figures out a better way to hold the controller to press the buttons to beat the game And you got a 13 year old that does it best a 13 year old that does it best so nonetheless I'll post that link in the dead if you want to check out the video kudos to him And yeah, I guess it's a kill screen the game just kind of stopped it looked like it froze But I guess that's the way it happens when you reach that level he broke the score He broke the most amount of lines and he broke the game Kudos to him, but innovation right? That's what I found so more remarkable about that story that somehow until 2021 people hadn't figured out the best way to hyper tap those buttons to compete in some of the world championships And there's always a Tetris one that's gonna be around forever All right, what else we got What do we got it? Yeah, here's the 16 year old why not? 500,000 pounds at stake man Luke littler 16 years old and he's competing for the final the world dodge championship pretty cool man 613 631,000 us he's already bagged What's that three? Yeah, he's already bagged who 250 grand something like that so kudos to him 13 year olds break in Tetris 16 year olds break in the darts championship out there Yeah, and he beat the 2008 world 2018 world champion to make the finals pretty cool man, you know what you can do at a young age Listen, I see it myself man Tommy. He's still two years old. I'm always saying man. He's a little human He's a little man. He's a little boy folks amazing What you can do at a young age when you're exposed to those children you really understand that two years old three years old Let alone 13 and 16 Smarter than you probably realize than all of us probably realize what you're capable of at that young age Excuse me, okay. What else we got pulled up here. Yeah, we talk a little bit of AI. Let's talk a little bit of auto sales There you go US auto sales bounce back in 2023 Automakers could confront more difficulties this year with industry-wide sales expected to level off be interesting to see where We go from here Now analyst project industry-wide sales of new cars could reach nearly 15 point five million That's about a 13% increase from the prior year, but that's not quite where we were in prior years, man. Yeah, and You're talking about 2024 15 point six million in annual sales But car prices remain far above where they were in 2019 and check it out man 46,000 is where we were for the new vehicle in December of 2022 and fell further to 46,000 last month man quite the number if they talk about Tesla in here as well Auto companies shaping up for maybe a little bit of a tougher year this year than we had last year We talk about new jobs postings fell in 2023, but we're still up from pre-pandemic levels Still up job postings are still up from when we came into the pandemic and we got an unemployment rate at around 4% Right total job postings as of the end of last year declined more than 15% from the year earlier But still above where we were in 2019 Percentages can be deceiving folks. Okay job postings on indeed year-over-year change well, I mean Who was pushing out jobs in January of? 2021 right nobody remember folks what was going on there is Vaccines weren't in a bell everything was happening online things are just beginning to peak nonetheless We'll see where we go when we come back though. We're talking to our man. Teddy keg step. We're gonna talk some forks We're gonna talk some crude oil and talk some yields Tfnn has just launched their new trading room the Tigers in hosted at discord Tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during Market hours, and now they are expanding their reach with the Tigers den available to all Tigers and Tigris's for just $1 for the year There's no catch or added costs when you join our community of traders in the Tigers den You can look over the shoulders of Tom O'Brien and the other Tfnn hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members Exchanging ideas interact with other Tigers and Tigris's as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the Tigers den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life before you decide It's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities Subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by Basil Chapman Creator of the trading methodology known as the Chapman Wave The Chapman Wave up-down sequence gives you an edge in identifying price turns finding the peaks and valleys in stock prices Get the opening call newsletter by Basil Chapman in your inbox every day first time subscribers Also get a 30-day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Will the S&P 500 continue to climb for bold trades on US large-cap stocks in either direction trade SPXL SPUU or SPXS Directions daily S&P 500 bull and bear leveraged ETFs Direction leveraged ETFs an investor should carefully consider a funds investment objective risks Charges and expenses before investing a funds prospectus and summary prospectus contain this and other information about direction shares To obtain a funds prospectus and summary prospectus call 866-476-7523 or visit Direction investments comm a funds prospectus and summary prospectus should be read carefully before investing an investment in the funds is Subject to risk including the possible loss of principal the funds are designed to be utilized only by Sophisticated investors such as traders and active investors distributor for side fund services LLC This program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ We got the markets in negative territory to kick things off and what do we got? We got a little bit of lower price higher yield happening right now We got a little bit of dollar strength to talk about some of the market action Let's jump over to our man Teddy kegs dad folks. You can read Teddy's outstanding Tiger Forex report He puts out new issues every week updates throughout the week when warranted He's got a couple webinars in there as well You can check it out on the front page of TFNN the Tiger Forex report right under the newsletter tab. You subscribe folks It's $97. It comes with a 30-day money-back guarantee Of a pullback from the trends we've had going on, but let's jump into the action Teddy kegs dad here man Good morning Tommy. Happy New Year Happy New Year Listen, we had a great discussion last week kind of some of what we talked about is coming to fruition this week Now that we've gotten you know a little bit of a pullback. We got the 10-year yield Maybe at 4% right we got the dollar index popping above 102 What do you think about some of this market action? Where do you want to kick things off Teddy? Well, I think we you know, it's this is perfect From transition from last week to this week everything that we talked about has pretty much come true So I think that as far as yields. I like them right now I think you had a nice profit-taking move, you know over the past few sessions It's oh you got to realize that you know the interest rate market has been rallying since at the middle of October So the fact that we've pulled back a couple points in the 10-year and the bonds. Well, it's not a surprise That's for sure, you know So the question is is it going to continue and I think we might be hit that by the rumor sell the fact kind of Stage right now. So whether this is a correction And the long-term base is what we've been viewing or is it time for a short-term correction before this new trend continues I think we're in that situation where we have two situations that were more likely to sell off meaning Interest rates should go a little bit higher over the next couple of weeks or so, you know Which gives strength to the dollar you're seeing that in the dollar index and also some of the major currencies Like you've seen the US dollar Canada get a really good bounce since we talked last week Obviously the Euro US dollar has sold off pretty strong, you know And I think it's kind of interesting too because I heard you talking about Bitcoin and Coinbase and Bitcoin especially If you look at the rally that it's had it's kind of ironic the bond market bottomed out in October So did Bitcoin and Bitcoin is now started the falter and top out as the interest rate market is looking at least for a short-term Correction, you know, so it's kind of funny how those two are kind of trading in tandem right now I'm not saying that they're going to continue to do so but it does seem that right now as Money was coming out in that way as far as where is working big money go and especially in that market You're looking at whales in the Bitcoin market, you know, and then you had the ETF stuff that we're talking about These are all things that are going to have more interest, you know, so I think that's part of the run-up I think there is some sort of a correlation there So I would watch that so I would be interesting to see if we actually could compress this move to the upside as far as yields Meaning lower trading bond and ten-year prices Now today I would watch it because we've had a nice profit-taking move And if you look at the short terms the ones into the two year and five year haven't really moved the ten years at a good One to almost three relationship and when you have that relationship between those two the ten year and the third year You have to watch the ten year because of the ten years and that doesn't continue to tick lower It's gonna be hard for the bonds to stretch any much and much more lower today because there's usually not more of a spread than one to three It's more between two to one to between two to one and three to one for the spread between those two as far as how Many ticks you'll be up or down in any given day, you know, because One of the reasons those relationships exist because there are spreads between those markets which futures traders would understand I don't know how many of your viewers know about future spreads between interest rate markets So I don't even want to get into that one, but I think that's what you're seeing as far as what's going on with the dollar So pay attention to that especially at Bitcoin traders And then I did hear you talk about Coinbase and I think that the sell-off that you're seeing in Coinbase I don't know if your readers or followers that are following crypto know that, you know They had the ruling that came out last week about SPF how they're no longer going to go after him criminally for all the money that was taken out of the company and given to political donations, which No company should be giving customer funds as a donation to anybody to begin with, you know, that's fraud in itself You know, so the fact that they're doing that waving that means that well if some other crypto company does that or any company does that now That means that's a precedent. We're not going to go after you for that So that's a way to definitely slush money out of a company that now is now going to be a precedent Okay, then you also have the whole thing with BlockFi that expired as of the first of the year For people who aren't familiar with what's going on with BlockFi They're settling on the funds of customers of which I am one of them I'm going to supposedly get a check for cash value of some of the crypto that is left It's gonna be like basically less than pennies on the dollar So for what I'm getting back out of a couple grand I think I'm gonna get like I don't know maybe ten dollars twelve dollars something like that You know, so so that also proves to you that crypto companies There's a big problem because how do you transfer money where they have a custodial agreement? But I thought your wallet is on and you can't break into that. That's all yours So obviously that whole theory is out the window on the fact that once they have it It's almost like that South Park episode when they're at the bank. It's like here's my money Thank you very much. How much do I have left? You're done And I think that's what's happening with Coinbase because anyone that knows about those companies Realizes that and then I'm also I have what next co also another company Barely any of the assets that I had put in there originally are there anymore. So that's two crypto houses That's why I always tell people to spread your money out between brokerage houses because you never know if one goes down Well, here you have two that definitely reacting nefariously Yeah, right out of the ones that were promoted as the top compliant ones in the industry by the financial industry as well So that scares me when it comes to this whole ETF thing and stuff that's being launched as well So but you can I would watch the yields see how that does maybe Wag the tail of Bitcoin if you will and I think that yeah You're gonna see a little bit of dollar strength short-term and here's something you got to think about too Is oil how this is gonna come into play over the next couple years We're in an election year and I wouldn't doubt it if Biden doesn't reverse what he did on his first day of office to the oil industry But how do you combat what's going on with the bricks and stuff like that Saudi Arabia just joined bricks? So that means they're gonna be doing most of their petrol Transactions in other currencies. So how do you fight that? Well, you can't fight that if we're not gonna be raising interest rates What's the other thing we could do the only thing we can do is pump a ton of oil a ton of oil I mean pump turn those pumps on so strong to keep the market below where it's at be where it's at or lower Because what would that do it lessens the demand for other currencies? So that helps to keep the bricks currencies down in value So I think you might see a commodity driven currency war developing over the next six months We'll see I don't know it could actually be just like a fairy that comes out of nowhere in my head sometimes But the way things are looking right now, you know, if it acts like a dog and it walks like a dog It probably is a dog Crews at $71 right we got wars breaking out in the Middle East everywhere and so the something's going on there man So I appreciate yeah, how does oil go down? How does oil go down right now with wars in the Middle East all over the place, right? I was talking to Kevin yesterday. I said the same thing. We're talking about crude and I said, you know Can you imagine right? You're bullish on crude and you see the headlines coming out You know, whether I ran sending warships out to the Red Sea and then you watch the price of crude drop Literally as that's happening. So as you said, it's happening and walks like a dog man. Pay attention, right, right? Teddy, I appreciate the time as always man. That was a quick nine minutes Appreciate you join the program folks check out the Tiger 4x report He's got a couple great webinars under the services tab as well Teddy. I appreciate it as always. We'll talk to you next week, man Thanks, Tommy. Take care guys. Thank you. We'll be right back folks. 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That's tfnn.com and hit watch tiger tv We have the s&p's right now off 26 points right now session low is trading at 47 61 nasdaq 100 down about 6 tenths percent and as they're talking about in the den folks if you're listening to the program you're out there on youtube Okay, come on over to tfnn Check out the tigers den. It's a dollar for the year. That's just the way that we Verify everyone's Identity to make sure we don't get spammers hackers the etc. So a dollar for the year just to verify everyone's identity Okay, some great discussions in the den going on over there this morning How about some of the stocks that got pummeled yesterday? Look at the charge microsoft 368 to 372 looks like things might have been a little overdone yesterday apple Still in negative territory, but they trade from 183 50 to 185 Google shares catch a bid were basically flat after opening in the negative this morning amazon up by a 30% You trade from 149 to 150 you jump over in a video right they trade from 1472 in the pre market They're still off by half a percent, but they just traded five to seven dollars higher So it's an interesting day as our man basil Chapman says the day is young right? One of the articles I was reading this morning from the journal talking about tex ai hangover might just be getting started One of the things that made me think about I was reading an article months back. Okay months back and it was talking about multiples Equation growth euphoria some of the things that potentially could be happening With some of the equities that's going on right now right and they talked about sysco Okay, now you jump over to sysco. You jump to the analyze tab you put in sysco there You're talking about a company that is valued at 203 billion dollars. All right quite a company. Okay. Here's the kicker folks You go back 20 years. Ah, it's been quite a growth story You go back as far as you can go though And we've never gotten back to the euphoria that you had from the dot-com bubble when sysco was going to take over everything Now what's remarkable here is sysco has had remarkable revenue growth over that period of time. Okay You want to see something staggering here? Here's how it looks folks. Okay the revenue chart for sysco In 2000 they were doing about 12 to 18 billion Things growing a little bit stagnant since 2015 But the point being be careful of some of these equities because you got a lot of growth priced in at these multiples Folks stay tuned basil chap. It's coming up next. Have a great wednesday. We'll talk to you about folks