 The following is a presentation of TFNN. The Morning Market Kickoff with your host, Tommy O'Brien. Good morning, everybody. I'm Tommy O'Brien, a company alive from TFNN, 9 a.m. Eastern time, Monday morning. We got about 30 minutes to go until the start of trading and we got markets slightly in the red this morning as we kick things off. I appreciate all the guest hosts last week, our man Teddy Kegsdad, our man Larry Pezzavento, our man Basil Chapman filling in for me. Feels great to be back, charged up, quite a week in the markets. Well, I was away Tuesday, Wednesday, Thursday, Friday. The markets trade down to 38.55 on Thursday for a low. We close out the week at about 4,000 on the dot folks, excuse me, 4,020 on the dot. We're trading right now negative by 10 points, remarkable acceleration in both directions. We'll see where we go on the opening bell. 23 minutes from right now. You get the NASDAQ right now, negative by 29 points. You're talking about down to 11,600 folks. That's 5,000 points off the highs of 16,600 and change. Remarkable. Dow off 28 points right now, trading at 32,095. We almost had a 30,000 handle. On Thursday, you get the Russell, negative by three right now at 1785. Bitcoin, we'll talk a little bit of crypto, man. You talk about a pullback in crypto last week, 25,350, you could say Bitcoin saves itself at least for a moment. We're trading right at about 30,000 right now for Bitcoin, Ethereum trading right at about 2,000. We were as low as 1,700 last week. We jumped to commodities. How about crude holding steady at 1,1028? Crude had a 98 handle last week. Go contract down as well. You're flat right now, but man, we were at 1785 early in the session. We're trading at 1,807 right now. Silver positive by 27 cents right now. We jumped to notes and bonds last week. Interesting action as you have yields pulling back. So yields pull back, the market still sells off. Nonetheless, we spiked to 120, we'll call it. We're trading right now at 1,912. You get the 10-year yield sitting at about 2.91%. Let me take a look at it to be exact. 2.913, 2.91%, the yield on the 10-year. All right, where do we kick things off? Let's kick it off with a little talk of recession. Almost statements are the obvious, but I saw this one out this weekend. Yeah, this article is dated yesterday. I was reading it on Bloomberg, but I got it up here on CNBC, talking about the ex-Goldman CEO, Blankfein. Talking about recession, possibility is very high risk. Talking about if you're a CEO of a company, you better be prepared for it. It's almost the obvious folks in terms of what is going on. There is obviously a very real risk in terms of where the economy is, the inflationary factors going on, the supply chain woes that are going to continue to exist for some period of time. And yeah, everybody talks about this path that the Fed has that they're gonna hike, hike, hike, hike, hike, we're gonna be dealing with supply chain woes as they hike. And somehow they have this path that they're gonna pull back the economy, but not pull it back far enough where it shrinks. Very difficult to do to say the least. You even got Bernanke out there saying the Fed's slow response to inflation was a mistake. Talk about the most obvious statements of obvious statements. Of course it was a mistake at this point. We got inflation raging at 8%, 8%. We got markets pulling back 25% to 30%, as the Fed's gonna hike 50 basis points on an ongoing basis, because they are late to the party folks. Obvious statements, make sure you're aware of them because they're coming from all sides right now. And I almost chuckle every time I hear them. Is in obvious statements to say the least. Let's go to New York Empire Manufacturing. So this one out this morning, contracts for the second time in three months when you take a look at the number, you're talking about minus 11.6. So the Federal Reserve Bank of New York's general business conditions index dropped over 36 points from where it was to 11.6. That's the second time in three months that it's been a minus that is reflecting plunges in orders and shipments. The New York Fed's data are the first set of several regional Fed manufacturing numbers set to release over the coming weeks. Similarly, disappointing figures made further stoke concerns. Yeah, you better believe it, man. New orders dropped nearly 34 points in May to a minus 8.8 shipments measure fell at the fastest pace since early in the pandemic, sinking about 50 points. The prices index fell from a record high last month to a still elevated 73.7. The gauge of prices received also eased. So a little bit of easing on the prices if you want a little bit of silver lining there. But you're talking about a slowdown potentially of economic activity over there to say the least. And let's just jump into crypto, man, because this one was a mindblower. So let's jump over to Coinbase first, okay? You wanna talk about a pullback, man. Be careful on this equity. Yes, you are up $28 from where it was trading on Thursday morning. Yeah, we don't even need a monthly, but you are down from 429 when it goes public just over a year ago, folks. You are down from 350 from where it was on November 8th. A lot of this having to do with Bitcoin, okay? But they are definitely in severe risk that bankruptcy is an option on that equity. You had the CEO out there talking about, of course it's not. He's gonna say that until it's, until it is. So I would not be in this equity at all. I even saw something, I'll do some more research of it, talking about one of the statements in there. Folks, this is not like you're putting money in an FDIC insured, TD Ameritrade thinkorswim brokerage account, okay? Where those are segregated funds. Your funds actually stand the risk of being commingled with Coinbase operating funds if they go BK. And I think that's the case. I'll dig into it more, but I would not be touching this. Now, to jump over to Bitcoin, I mean, there's the correlation, right? They go public, kudos to the market. They get Coinbase public at highs. You touch those highs back in November as well. That's when Coinbase was up near those highs as well. And you're back to 30,000. Now here's what's interesting, right? Bitcoin's trading at 30,000. Bitcoin was trading at 30,000 right after their IPO, okay? From May until July. You go back to Coinbase. May to July, Coinbase was trading at 223. So it's not all just correlated to the crypto price on this equity, folks. They have a huge slowdown going on, okay? The market pullback is tying into this as well. But man, this story about Luna and the stablecoin quote, quote, quote, quote. Well, folks, this one's about one of the gentlemen out there that said he was warning about it, Tara. $60 billion is what got wiped out, folks. In the combination between you have UST stablecoin and then you have their Tara coin, which is different. So the Tara stablecoin, yeah. So you have Tara at 41 billion and then you have the UST at 19 billion. They both combined to reach $60 billion. And we're gonna go through this a little bit because this was a wake up. I read it this weekend. And so Kevin Zhao of the crypto hedge fund Gala Laos warned the industry about the implosion and he walks through exactly how he walked through this in terms of pegging that it was a problem. And we're gonna go through this after the break, folks. So we'll tease it, it's a wake up call, but it was an algorithmic stablecoin. And if you think that there's stability in a crypto, not backed by anything, then let this be a lesson to you, man. And maybe they'll come up with one eventually. But this one had some holes in it and hindsight is always 2020. But boy, some of these holes, if you read this article, folks, we're gonna go through it. It was a wild one. Yeah, great story. Understanding that crypto is a Ponzi, my dad's in there saying, yeah, you gotta hit this one, right back. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at tfnn.com. When you subscribe, you'll get a weekly report from veteran day trader Larry Pezzavento on stocks you need to pay attention to. And you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. 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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. Welcome back, folks. We got markets in the negative. You got the S&Ps negative by 12 points right now. We're sitting at 4,007. You take a look on a Fibonacci basis, right? You're talking about the 3,82, right at about 3,800. We make it down to 3,855, quite a tail. Last week, this week, we're beginning in the red yet again. We'll see where we go as we get the opening bell in about 11 minutes. Jumping back to this story. So to help you understand how these two work, you have a quote on the sequence, okay? And I'll just read you some of this. So stable coins are a way to move money around with confidence that you won't suddenly lose a large sum of it, okay? They're an important part of the ecosystem that people are trying to create within crypto to eliminate some of the volatility because there is nothing right now that is basically stable in the crypto world as a quote, unquote, store of value. There are some stable coins that are backed by actual reserves of some degree. Those could have some severe risks, though, folks, okay? Because whether you actually know that money is there, where is that money? How is it tied up? Is it leveraged at all, et cetera? There are all those questions, okay? This one in particular, okay? As it says, to maintain a steady value, usually a peg that tries to stay as close to the US dollar as possible, many of these coins are backed by securities like treasuries or cash reserves or over collateralized with some combination of crypto. That's where things get a little fishy if you're just collateralized, quote, unquote. But where this one was different, okay? We'll call it UST, try to do something different. Instead of using assets as a peg, it depended on an algorithm and an arbitrage mechanism, essentially promising that one UST would always be remarkable, redeemable for $1 worth of the LUNA cryptocurrency token, okay? So if LUNA's worth a dollar, then your UST would be worth one LUNA because you gotta make sure that one UST is worth one US dollar, okay? If LUNA rises to $100, then the algorithm is then gonna adjust that one UST would entitle investor to 0.01 LUNA, therefore giving you that same one US dollar, okay? You're not gaining any of the appreciation of LUNA. LUNA is just acting as the algorithmic peg to keep your UST at $1. So for crypto proponents who distrust fiat currencies, the ability to create a stable currency without links to the traditional financial system is an important goal. So I was trying to express early on, so this is an important goal. Now, here's where things get a little fishy. Let's scroll down. Where, so LUNA had promised 20% returns is how this comes in, okay? So what this talks about is that basically stablecoins are a feature in decentralized finance or DeFi, allowing investors to transact in crypto and digital assets. They're using a wide variety of lending, borrowing, trading, and yield farming, yield farming programs, okay? Despite the money pouring into the space, seemingly high returns on an offer, it's still unclear where a lot of the yield comes from. Pay attention here, folks, because it's coming from a Ponzi scheme, okay? In the odd lots interview, I think this is a podcast that they do. They had a CEO on here talking about DeFi as basically a magic box, okay? People put their money into a magic box, magic box folks, are you hearing these words? And they're incentivized by some token, okay? And then the more money that goes into the box over time, the box is worth a lot of money. Maybe the box becomes a bank or culminates in some other important project. Some of these cryptos are gonna have real uses, okay? Some aren't, but it doesn't matter as long as you get into the box early and sell it before everybody else. That's called a crypto. That's called a Ponzi scheme, folks. Okay, now Luna was not just any box, but a particularly egregious one that was designed to enrich insiders. While the Luna Terra Arbitrage kept the two assets steady in terms of their relationship, it was the eye-popping yields. Now, I didn't even know this was going on because I'm just not really into it as much as you have to be to know. But if you knew, it seemed like this might have been something that should have been on people's radar, man. 20% on offer in the project's anchor protocol that lured them into the ecosystem in the first place, okay, so they have a 20% yield is what they're talking about. Now, where does that 20% yield come from? Where did the promised 20% return come from? Technically speaking, it came out of a private stash of Luna token, which was held by Terraform Labs, which is the one who created it. So when the ecosystem first gets created, funds are set aside for the company. So let's say TFNN creates a crypto, we create TFNN, tiger dollar crypto, we say we're gonna keep a billion tiger dollars for ourselves, and then somehow in the algorithm of everything going on, they're gonna vest over a certain period of time, okay? When the Terra ecosystem first got started, there were some funds that were set aside for the company itself, and the main company is Terraform Labs and they have this huge stash of Luna and it unlocks over a certain investing schedule. So what they would do in order to finance operations, it's just, it makes me chuckle, and it's really unfortunate because a lot of people lost a lot of money, but it makes me chuckle in how just brazen it is when you just give yourself a bunch of crypto and then say I'm gonna reward everybody 20% in this and I'm gonna give you it from my stash, and here's where it ends up, okay? So what they would do in order to finance their operations and to also finance that yield reserve is that they would sell large clips of this to willing investors at some kind of discount that also has a one-year cliff and some kind of investing schedule so they're selling it and then they're saying, but you can't sell it for a year. I mean, it's just crazy, man. If you were doing this in anything else in crypto, you'd probably have the feds on your door in no time. And then they would use that money that they would sell that Luna for for operations and then they would also use that to keep basically topping up on their yield reserves. So they gave a simpler explanation for where the 20% would come from. What I always like to say is that most of the time if you can't find where the yield is coming from then effectively it's coming from future bag holders, okay? Now that's one gentleman out there talking, okay? But boy, excuse me. When you get into it, so this is what made Luna grow extraordinarily in a short period of time. This type of growth hacking can be fantastic, but it can be a curse. Luna became a victim of its own success, draining reserves at an incredibly fast pace by a burgeoning community of UST holders who were eager to nab those 20% returns. Check out these numbers here. At the peak, they were burning maybe $7 million a day in their yield reserve, right? That's their reserve that they had to be paying out, okay, at the peak. And originally, their reserves were something like 50 to 80 million. And then they had to do a top up of 450 million. And then, you know, very quickly, soon after that was almost depleted, they were thinking about how much to do another top up. In theory, Tara could have lowered the yield, but then what happens? People say, wait a second, I was here for 20%, you're doing a 10, you start a sell-off, so they did not do that, okay? They could have lowered the yield, they could have slowed their cash burn from that reserve, but they didn't do it, they kept it there. And as a result, it eventually ended up just crashing. You know, I could go through more and more and more folks. If you get a chance to read this article, it's a great one. And yeah, around May 7th, someone appeared to make a huge sale of UST, swapping it for USDC, tether and dye. The selling was so big that UST liquidity basically vanished and the first real deviation from a peg emerged. Be careful out there, folks, we'll leave it at that. It was a wake-up call for me. It was especially a wake-up call when there were so many fans of this crypto out there. I mean, it was a top 10 crypto. This is not a Dogecoin story that it's worthless being pumped by Elon. This was something that had a lot of fans because of the theory behind it. And $60 billion got lost basically overnight. Check this article out if you get a chance on Bloomberg and to this gentleman that was trying to warn everybody, kudos to him and those that weren't listening. It's a bummer. We'll stay back. We'll stay tuned. We'll be right back for the party. If you want to take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30-day money-back guarantee so you have nothing to lose. Every Monday morning I publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. TFNN has just launched their new trading room, the Tiger Zen, 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 Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. 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Using this first-of-its-kind program, the Art of Timing the Trade Chart allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies and much more. The Art of Timing the Trade Chart is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click. The Think or Swim banner on the front page of TFNN.com. Welcome back, folks. We got markets open. You're looking at an S&P that opens down about 1-third percent. You're negative by 14 points right now, trading just above the 4,000 price point, 4,006. We got the NASDAQ a little bit lower this morning. You're negative 6-tenths percent, 12,306. The Dow off 22 points right now. I have an article up here from Yahoo Finance. Just going over, we got a big week of retail sales. We'll talk about that in a moment. Check out where we are in terms of these indices. I mean, just remarkable in terms of the acceleration you got from the COVID lows. The yellow is the NASDAQ. The green here is the S&P 500. Let me blow that up even a little bit and close this out. Greens, the S&P 500, and the purple is the Dow. The Dow had been the biggest laggard, S&P in the middle, NASDAQ, NASDAQ 100 in particular, just gangbusters to the top side, and you're talking about all the way back, man. Those growth stocks just giving it back in a big way, remarkable in terms of that pullback. And yeah, we'll see where it goes from here, folks. Let's jump over to some of the fang stocks. See how they're opening up. We'll jump over to Amazon shares. You were down to 2048 last week. You're trading right now, basically flat for Amazon 2261. Apple shares this morning down a percent, 145.62. You're down to buck 43 on Apple at 145 right now. You jump over to Microsoft shares. Microsoft down about 7-tenths percent right now. You jump over to Google, negative by about 4-tenths percent as well. All right, so jumping back to some of the articles that I had pulled up, talking about inflation, talking about human capital. It's interesting, lots of articles out here talking about whether it's perks of being on the job or just straight out salaries. We'll start off with Goldman Sachs. Senior staff, unlimited vacation. Partners, managing directors, granted flexible vacation. Firm expect staff to take at least 15 days of holiday a year. What I first thought in this is that, is anybody truly, if they're at this stage of their career in terms of being a managing director or a partner at Goldman Sachs? Yeah, hopefully you can escape for a couple of days or even a week and turn off everything. But I don't think you're stepping away for three weeks and not even looking at your phone if you're at that level of management in a company like Goldman Sachs. As in we're all reachable by the phone, right? Even when you're on vacation, yeah, you're stepping away from maybe the daily details of things, but you're still able to function. And they're not giving them a fixed vacation day entitlement anymore. So they're gonna allow senior staff to take unlimited vacation days as they try and retain talent and a heated job market. Partners and managing directors can take it off when needed without a fixed vacation day entitlement. Yeah, and all of the employees are gonna be required to take three weeks off each year starting in 2023. That includes at least one week of consecutive time off. The new vacation policy comes more than a year after junior analysts at the bank complained of 100 hour work weeks and declining physical and mental health. Yeah, those junior analysts, man, watch out from all the stories that you hear at those investment banks, but it's gonna be interesting to see how this landscape changes in terms of firms trying to hire top capital in a market that is human capital is coming at a cost right now. Now we go from there to Walmart. You're gonna be a store manager, $210,000 is what you'll be making at a Walmart. Stepping up efforts to entice college graduates. They're starting a whole new program. They got a fast track to jobs as store managers and they're gonna call it college to career program, classroom training, hands-on experience, mentoring for recent and soon to be graduates, top performers are gonna be offered a newly created management role as an emerging coach, starting salary, 65 grand a year and a speedy path to becoming a store manager. Those store managers in 2021 average wage, $210,000 and with that new program, they're aiming to move emerging coaches to store managers within two years, two years. You're seeing it play out across the board. Now they just talked about, right? This article was out there about a month ago, Walmart, that they're gonna be paying truckers, in-house truckers as much as $110,000. This is why I'm a believer in Amazon as well folks. You're seeing the biggest of the big solidify themselves in a way that many will struggle to compete in, okay, I've said it before, Amazon, yeah, they built out their infrastructure way too quickly. That's part of the reason why they lost money last quarter. It's part of the reason why they might lose money again in the next quarter. But if you think about the company itself on a longer term basis, the ability to navigate COVID and not miss a single delivery, they had something like 750,000 workers before COVID, they doubled that to like 1.6 million, 1.5 million workers, obviously got a little bit ahead of themselves. But how do you compete with a company like that? Even Walmart, okay, they're the closest competitor and they're struggling. Walmart's not gonna be struggling when they get in some of those important factors in terms of human capital. But you're seeing a play out, man, as the biggest of the big solidifying themselves in ways that are gonna be very difficult for other companies to keep up with when who has the ability to be paying store managers $200,000 a year right now, paying truckers $110,000 a year, right? Amazon, they pay $15 an hour. Amazon, I think I saw something, man, that their maternity leave, it's long. I can't remember what it is, it's months, it's something like that. I saw the advertisements, they were great ads, they do a good job of really taking care of their workers and that's part of the reason why that you've seen that the unionization efforts in Amazon haven't taken hold, as some may expect because their workers overall are paid pretty decently and that's what you see, those arguments happen. Now I am pro-union folks, my mom worked for Verizon forever. The reason why she was able to retire just after being 60 years old was because she was a union member and the real reason is because they're really overpaying the union members to get them out so they can bring other people in and pay them less for the same exact job. But nonetheless, it's remarkable how much of these companies are spending and I'm not sure how anybody's gonna be able to compete unless you're in the top echelon when you're talking about the type of money that they are paying. All right, so we have a big week of retail earnings this week. Now jumping back to the article I had pulled up here, let me scroll down to get the, excuse me, because we got Walmart this week as well. We got Home Depot, we got Target, we got Lowe's as well jumping into it. So after today, after the close, we got Take Two Interactive, talking video games. Tomorrow though, we got Walmart before the bell. You jump over to Walmart shares, it's held up very well so far this year. You're trading at 148, Walmart's positive yet again, a 30% as the market's negative 21 points now. Walmart, you jump over to the Analyze tab, they'll be looking for a $6 and 42 cent move. Their number's out tomorrow before the bell, so not that big of a move for Walmart as to be expected. You also get Home Depot tomorrow as well. Home Depot, talking about a little bit bigger move, you got an $18 move. Now Home Depot, again, before the market tomorrow, we jump over to their chart, quite a pullback, man. You almost give it all back from this run that we had that started March of 2021. Now that's not the COVID low, okay, when we've been taking the lows from COVID for a while, but you're up to 420, you're down 1.1% today for Home Depot, you're at 292, we're effectively right back to where we were in January of last year, when we were pushing about 285 was the high there. Now you back up for Home Depot, we're gonna take that Fibonacci number off there. You trade from 140 to a high about 293, so you got a $150 leg on the upside, okay? You trade from 250 to about 400, bought another 150 point leg to the upside, and just like that, you give it all back. Now if you talk about the Fibonacci from the lower end, you're talking bouncing right off the 50% for Home Depot, you also have an area of a consolidation back here from the later part of 2020 to the early part of 2021, but it's gonna be interesting to see where we go. The 618 of Home Depot, 247, as I mentioned, they have about an $18 move priced into their earnings before the bell tomorrow. All right, folks, stay tuned. We're gonna be coming back. We'll talk about what else we got. We have Target is gonna be out before the market on Wednesday. You got TJ Maxx, you have Lowe's. We'll take a look at those. We got Cisco, Bath and Body Works after the close on Wednesday. We get some big earnings, man. Kohl's before the market on Thursday. I was into Kohl's this week. It was a good experience. We're gonna take a look at Kohl's when I get back. Ross Storrs, stay tuned, folks, we'll be right back. Sharpening your skills as an investor is like getting better at playing a musical instrument. 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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 at the S&P right now, negative by just seven, NASDAQ 100, negative by 45, Dow negative by 43, and how about the Russell? Sneaking into the positive by one point right now at 1792, back to crypto for a moment. Bitcoin trading right now down 170 bucks. You're trading at 29,865. We jump over to Coinbase. They're negative 1.9% right now, trading at 66.47. We get a little bit of volatility right on the spike open. Check it out. There's some volatility for you, man, from 69 bucks down to 62, that's a 10% drop. Since then, we're up $4. Be careful on this equity, folks. I kicked the program off with it, okay? Surprising, to me. Shouldn't be surprising. I had my Series 7 at one point. I mean, a finance professional, I was past the Series 7 exam, right? You go over all that stuff. I know that Coinbase isn't some FDIC insured brokerage that's insured by the government to make sure you don't lose your money. No, and now Coinbase is telling you that, folks. The crypto exchange is now wanting the bankruptcy, could wipe out all user funds, okay? Now they have, now they lost 430 million, 19% drop in monthly users, okay? People just stop trading crypto, folks, when it's just tanking. That's a big problem for Coinbase. They hold $256 billion in both fiat currency and cryptocurrency on behalf of the customers, excuse me. Yet, in their recent filing, okay, so this is new. They felt the need to put this in, in their recent filing, the exchange noted that in the event it ever declared bankruptcy, the crypto assets as we hold a big subject to bankrupt proceedings. That's not how it works with most brokerage accounts, folks. They would be on security creditors, meaning they have no right to claim any specific property from the exchange in the proceedings. The funds would become inaccessible. So we won't spend too long on it, folks, but be careful. I mean, if that's the case, how are they gonna grow? I wouldn't touch that thing ever, man. I'm not holding the single dollar of crypto in Coinbase, man, if they're just gonna take my money if they mismanage the company. Not how it should be happening. All right, let's jump around to see some of those companies we talked about with earnings. Let me find that page where we are. So as I talked about pulling up the numbers here, we talked about that we get Home Depot and Walmart before the bell tomorrow. Now we get their sister companies, you could say, or brother companies, Target and Lose on Wednesday before the market. Target's been a roaring company, man. You're down 1.3% right now. Quite the pullback from 268, but you talk about a run from the COVID lows of $90 up to 268. We backed off a bit. You touched the 382 at just about $200, also correlated to the high we had in the early part of 2021. And you jump over to the Analyze tab, you're talking about a $14 move expected for their numbers. They'll be out Wednesday before the bell. We jump over to Lose. Lose, you got a $13 move priced in for $189 stock. This one, you gave back a 618 in the move we had just from the beginning of 2021. And Lose, man, goes from 60 bucks all the way up to 263 in putting a Fibonacci on the full retracement number. The 382 of the full run of COVID, you're looking at a price point of about 185. We're trading at 189 right now. That's an area you could look to trade. Not good that you're down 2.3% right now, down $4.39. Let me take the short-term one off with some clarity there. So you're sitting right at the 382, you break through that 382, man, you're probably on your way to 160. We had chopped around for a bit towards the end of 2020. So we got Lose, we got Target. We also got TJ Maxx before the open on Wednesday as well. TJX, a little bit of a different story as we've pulled back from 77 to 55. You're back to the consolidation you had from the middle of 2020, but you are below everything that you've been in on this equity back to November 2020. As you see, we just took a look at the other equities, right? TJ Maxx not looking as strong as some of the other equities that we've taken a look at at retail right now, in my opinion, you're down 2.5% as the market is selling off as we speak, folks. And I talked about Coles. So Coles, I was looking at Coles last night because I was in a Coles. Now that's a decent chart. You're back to the bottom part of this consolidation for Coles. You were at 10 bucks during the bottom of COVID. This thing really accelerated from 20 up to 64, but you had a chop around area that you're kind of just basically sitting in right now. Okay, now nothing says that you can't trade below that, but I always like when I got my back against the wall, man, Coles down to 47 bucks. And just from a personal perspective, I was in the Coles this weekend. I got, so my fiance, she has a 15 year old daughter, Sephora, it looked like the outside of the Coles, so if you haven't seen it, had a Sephora sign that looked like there was almost a Sephora that it was as big as the Coles inside. We actually weren't sure if it was a standalone Sephora at first. And we said, no, I'm pretty sure they're in the Coles. Okay, let's go check it out. And yes, they had a decent Sephora in the Coles store. And you're seeing a lot of this happen. Target's doing the same thing, right? Where they're having kind of shops within their shop to bring people in there. But so what did it do? It got us into Coles, okay? So then we're in Coles. We're in Coles only because they had Sephora. So then we're looking at some clothing. They had a couple of great items. I was with the family, didn't wanna try everything on, right? We got the kids, we got Tommy in there. He's doing his thing, not very patient at times to go be trying on a bunch of clothes. He's only a year and three months about right now. But I was actually literally taking pictures of a couple of different items. I said, man, these are cool shorts. These are nice items. I'm gonna check those out. Maybe I'll come back when I don't have the kids, try them on. And then what do we have to do? We had to buy some dolls for the kids. We had to buy some Disney dolls for the kids. 10 bucks a pop. So Landon, who's five. He got a Mickey Mouse doll, Disney, go for it. He did that, that wasn't me. And little Tommy, he got to choose out his. There was Simba. The Simba lion was there from Lion King. He's a big Lion King fan, folks. Who isn't, right? Great movie, great music. He loves those Disney musicals. But what did he go for? He went for Winnie the Pooh. Winnie the Pooh was calling his name. So what did we do? We walked out with two dolls of all things. Well, when he got kids, you understand it a little bit. So we spent 20 bucks in coals for a couple dolls. But in general, folks, it was a good experience. There were a lot of people in there. They had a lot of great items in there. And sometimes pay attention to those personal experiences. Cause I think coal says a good thing going on right now. Now you're down 3.1%, okay? So their numbers are out on Thursday before the market. They're going to have some volatility, man. Excuse me. You're talking about $7.82. You're trading options. There's some premium for you. What is that? 17%, 17% priced into this equity. And as you can see, it's moving a lot today, though. Moving $1.60 ahead of their numbers on Thursday before the bell. All right, speaking of volatility, folks. Coming up tomorrow, we got our man Larry Pizavento and what a time for a live trading event, folks. You can check this out on the front page of TFNN. We have a great group of people already signed up for it. So you're going to have a good crowd in there. This is taking place in our new Discord server, okay? So you do need to join Discord if you've signed up for Larry's webinar, okay? It's $295. With that, you get a month of his newsletter that's a $97 value. So really, you chop it down to about 200 bucks for a live trading class, five hours. It's going to go from 9 a.m. till 2 p.m. Eastern time tomorrow. So Larry's not going to be doing his show tomorrow. He's going to be in there live trading. He was on with my dad on Friday. He covered one of my programs yesterday last week. I appreciate it. He's doing double duty a couple of days. He is primed and ready, folks. He's talking about, I heard him, maybe five or six trades is what he's looking for. Maybe one an hour. It's going to be an awesome trading event, I imagine. Folks, five hours, nine till two tomorrow. And man, we got quite a market for this. Check it out on the front page and please sign up early, folks, okay? Because if you sign up tomorrow morning, all right? Jacob, who's done an outstanding job with the Tiger's Den myself, we're going to be helping everyone get in there. But there's only so much we can do, folks. If we get 10 or 20 people that sign up tomorrow, five minutes before the start, it's going to take us a few minutes to get you in that room if you have some questions. So please, head on over there. Sign up now. Right when you sign up, you can access the Fibonacci 24-7. Larry had some amazing videos out there for subscribers. You'll instantly get to watch over the weekend. Straight from the report zone. Let's check it out on the front page. We'll be right back. Building wealth trading in the stock market seems impossible to most people. They think it's too volatile and risky. Most people aren't going to take the time to educate themselves on how to do it right. But you're not most people, are you? At TFNN, you'll get the guidance you need to refine your strategies and techniques to invest like a pro, because you'll be a pro. All TFNN subscriptions, books, software, and courses are available at tfnn.com. And I'm even going to tell you how to get them for less. Use TFNN's Tiger Dollars, and you'll get up to a 20% bonus on your purchase. And once you apply them to your account, Tiger Dollars are automatically used for all future or recurring charges. Tiger Dollars also never expire, are fully transferable, and are a great way to add savings to your newsletters or services. Become the investor you were born to be at tfnn.com. TFNN, educating investors. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. 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David White is an accomplished trader whose deep understanding of technology and the markets allows him to consistently find and share winning trades. Support and resistance define the ranges at which stocks trade. By understanding these trading ranges, David White is able to find the path of least resistance. David White's trading newsletter, The Path of Least Resistance, is delivered daily before the market's open to make every trading day an easy win. Visit tfnn.com today and subscribe to David White's ultimate trading newsletter for $119 a month and try all of our newsletters risk-free with our 30-day money-back guarantee. Take the path of least resistance at tfnn, educating investors. This is TFNN, The Tiger, Financial News Network. Folks, we got the S&P right now. Market's selling off, negative 26 points. You got the Russell negative eight. Russell was positive, right? NASDAQ 100, negative 120 points right now. This is a long-term weekly chart. Remarkable acceleration from where we've come in the beginning of April. It's May 16th, folks. You got negative prices across the board. Jumping to airlines. So JetBlue, man, they've been at a pullback, right? So real quickly, here's the chart of JetBlue. You're at $9, folks. For some context here, we were trading at $9 as the market fell apart during COVID when nobody was ever gonna fly again. Okay, now you have crewed at 110. Okay, that's gonna hurt a lot of these airlines. But JetBlue is very domestic. Well, a good comparison for them is Southwest. Southwest ain't near those lows, folks. Okay, JetBlue, and I love JetBlue. They have some great, they got a big hop in Boston. They fly to Tampa, so I was always flying them, haven't flown them in a while. But man, my friends have been having horror stories on JetBlue in terms of flying out of there. My mom was flying Saturday night. She had the last flight going to Boston, back down to Tampa, delayed two, two and a half hours, something like that. Southwest is up 1%. The reason why JetBlue is down is because they're going hostile takeover for Spirit. Spirit Airlines is up 9.7%. Now, remarkably, they're going hostile takeover at 30 bucks a share. And ready to go to 33 if the board negotiates a consensual trend, it's action. So I love JetBlue. They should be getting their own act in order before they start going after another airline. Because from everything I can tell, they have some serious, serious problems with whether it's reliability, whether it's staffing, whatever it is, okay? The chart is not lying, folks. Okay, you were at 22 bucks about a year ago. You're at $9 right now, and they're trying to buy Spirit for billions of dollars when they can't keep an airline on time. All right, folks, thanks so much for starting your day with me. We've got the SMPs right now, negative 24 points, a little bit of volatility to kick off the trading session. Why not? We jump over to the VIXX this morning. VIXX, 29.20. There's some volatility. Check out Larry's webinar, folks. Sign up to be a great day tomorrow. Thanks for starting your Monday with me. Stay tuned, folks. Larry's up now, our student, Basil's up at 10. Larry at 11, fast market at 12. Steve Rhodes, Dave White, Tom O'Brien this afternoon. Have a great one, folks.