 The following is a presentation of TFNN The power trading hour with your host David white Call now toll-free at 1-877-927-6648 or internationally at 727-873-7618 now David white And welcome all to another excellent edition of the power trading hour where it doesn't matter where you're at You'd be standing on your head Hanging off a skyscraper The only thing that matters is you're here at the appointed time The following takes place between 2 p.m. And 3 p.m. So what do we have going on? Well pretty much what I thought was gonna happen a Little bit yesterday a little bit more this morning and that is We've had the big reset that generally comes with fun buying or just before fun buying We also have a three-day weekend coming up my nephew works on Long Island and Can look out the window and see the traffic out to the Hamptons And so I always tell him to give me a call when it starts getting backed up Well, it looks like the traffic's fairly decent off to the Hamptons once again So not surprised that we've got a market that's kind of going sideways fun buying as we said before isn't Is more of What is that that's saying out there? Uh It's more of a suggestion the code is more guidelines the natural rules Okay, anyway Yeah, it's more of a suggestion than a rule Nobody I know has ever gone to jail or even been fined for not living up to the charter Generally the reason to live up to the charter Is that if you don't Then the fund managers won't use you and buy your funds Of course, there's fund managers and money managers and the money managers take the cash and then they buy the funds and Depending on how they feel they hedge those funds on the opposite side so there's kind of this dance of all those 401 K money coming in then it's getting hedged either a little or a lot depending on market conditions and Of course those fund managers then have to actually go out and buy stock And of course since everybody knows Approximately when they're gonna buy stock as soon as they start buying it everybody on the street just starts marking up the prices and You know, some people call it Putting some lipstick on this pig. Let's put some lipstick on this thing. Some people call it other things but the the truth of the matter is you coming into a three-day weekend if you're a Fund manager not a money manager. Do you really want to get out in front of this or wait until Tuesday or maybe Tuesday afternoon? Probably Wednesday morning My guess is they'll start marking it up Tuesday morning Maybe mid-afternoon and then you're gonna get whatever is coming in and even in a down market They'll find a way to move it up so they can make some money It's not uncommon for them to shake off and out the weakest hands Especially in the stocks that they think that these fund managers and will be buying So, you know, I kind of know where all the bodies are buried and what's happening. So run people out get them to To toss out their shares at the lows and then sell them next Wednesday at a a user markup a usury markup From the street, of course 401k money is at least the way they think about it on the street is just schmucks money and it's They're your money, but they consider it theirs So don't be surprised that you get in 401k's the worst price generally of the month Not the best eight seven seven nine two seven six six four eight email me at path at tfnn.com and What else do we have? schmucks The technical term I think I say so We talked a little bit about this yesterday, but Nancy Asked about could you talk about Qualcomm Apple lawsuit over those chips? I'm curious as to whether the lawsuit is a real reason Apple is not using 5g modem chips or something else also where will Well, Apple have those 5g chips manufactured Depending on what's going on. This has been an ongoing thing now Qualcomm and Apple have been in litigation off and on And they kind of go to their own corners for a while, and then they come back and fight Qualcomm has basically a monopoly. They've done that by hiring the best and the brightest out of engineering schools especially in the Radio frequency domain and they keep those folks there and make sure that they don't want to go anywhere else You always see a lot of people leaving one company going to another Where digital? Isn't a whole lot of difference we talked a little bit about Dale Earnhardt and how he could kind of to see the wind on Restrictor plate races when he was racing cars and I was able to to side draft He really understood the effect of air on the car and how to set it up a lot of that and there probably isn't a computer or a Circular slide rule some people use long ones Or a calculator or a spreadsheet anywhere that can put all that stuff In a lot of it is just feel and we called it the black arts yesterday But it's always called the black arts in design in chip design And Qualcomm has done the work. They have about a billion Man if I if I if I say a billion, it's probably low on patents on Everything but of course especially on that RF circuits that they use since it is radio frequencies And there's a lot of weird stuff that goes on. It's kind of like quantum computing or quantum physics Digital circuits You can have a fairly average guy design one and they'll probably work you'll be better off with a smarter guy but with the RF circuits she You don't have the best and the brightest you probably have something that works fairly poorly and the History of RF design has been that Building something that works. Well fairly inexpensive Lee and it's all little ideas that kind of add up over time But you know if you just got out of college and you went to work for Qualcomm and they kind of thought you were kind of bright They'll mentor you along and they'll be somebody that's got 30 or 40 years of RF experience And yeah, you'll think you're all good and smart and neat and all that But you know what it only you know They'll keep those folks on to see whether they have the aptitude for it and they'll groom them and move them on Long term, but that's the way you build these kind of companies with a deep technical insight and keep your employees happy, but Why didn't Apple want to get along with Qualcomm? Qualcomm has monopoly and they want to charge more Apple things Kind of like Walmart sometimes with its vendors that you know, you're doing business for this You should just give it to us a cost. There is a kind of a real idea Apple put out of business any That help the time of booming inflation. 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But seeing little to no return or are you a successful trader simply looking to make your job a little easier? Learn to take the path of least resistance with David White's powerful trading newsletter 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 in 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 mark is 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 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 a Frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien founded tfnn over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive Informational edge you need to succeed These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio Get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free with our money-back guarantee at tfnn.com tfnn educating investors toll-free at 1-877-927-6648 internationally at 727-873-7618 Well at the top of the show I talked about The B team or the C team being in for the people but it looks like they're headed out So I don't think you're probably gonna get a lot of action the next couple of days I think these guys have had a tough year already and they're already off to the Hamptons And trying to enjoy life before things probably get a little tougher on them But we're up seven points on the S&P cash up about 15 on the NASDAQ 180 on the Dow that's not a big deal crude oils down a little could have a big news tomorrow Incrued somewhere in the after 10 o'clock hour on legal action So take a look at that and see whether or not Keep an eye on it. Let me put it tomorrow Gold's down about a dollar not a big deal going on there crude silver's off about 7 cents and It's nothing but history repeating On this day in 2007 nearly six months after it was actually introduced apples highly and Anticipated iPhone goes on sale generally downplayed by old world should probably be old world Oh, old word technology old word Technology pundits after its introduction the iPhone was greeted by long lines of buyers around the country on that first day Quickly becoming an overnight phenomenon. One million phones were sold in only 74 days Certainly, there was a lot of action on it Many people do not know that those long lines were being paid for by Apple I bumped into more than a couple of people, you know Steve Jobs learned a lot from Elvis's What was the guy Colonel Parker? About making stuff look good. He was you know, he was always one to to Guild the lily as it would be but You know Anything that you see from Apple, maybe not as much as it used to be with Steve Jobs but you know, you got to think this phone's been on sale for 15 years now and Really only about five and a half or six years was Steve Jobs alive And the rest of the time If you really come up with any kind of product that was really huge for Apple, I'm gonna say The phone is 90% of their business They've been it came down a little bit. They've been able to keep margins up by selling the air buds Which is you know, I I wrote probably five years ago before maybe a year before the air buds came out that They were really looking at turning this into a razor blade Razor razor blade kind of business as Newer stuff became harder and harder to get to but with the exception of Really the ear buds They still have About 90% of the profit really coming from one product and that's the iPhone and the earbuds together but certainly a Good one to punch There's the I think the margin on those things I think it cost about 25 bucks to build and they self they get Apple I think gets on average 200 bucks from them So, you know, you you make something for 25 bucks and sell it for 200 bucks You're doing well but You always wonder when that the end of the road is going to be if they don't come out with some kind of new technology That blows people away Of course, really to management styles One was the bomb thrower the the radical the The I'm gonna change the world with Steve Jobs and of course the current CEO who's more about managing stuff and making sure everything ships on time and More of the mature Market guy, he really hadn't done a whole lot other than me a really good manager Probably would have been a good manager of a grocery store or literally anything else He doesn't have a lot of chops when it comes to technology or a cache or anything close to the cache a that Steve Jobs did on being the showman But he's been a good caretaker for the business, but he wonder when that When that rolls out and whether or not they're stagnating somewhat on this day in 2007 15 years ago You actually could buy an iPhone and be absolutely obnoxious About telling everybody you had one eight seven seven nine two seven six six four eight email me at path at tfnn.com And we'll get to those emails already See can you please explain Why Google isn't doing better. I would think so many billion people using a search in YouTube and other things There's a handful of reasons. Let's pull up a chart here And I brought them up over the last year and a half actually been talking about it for probably a year before Or maybe even two years before and that is these guys just get fined on a daily basis by the rest of the world they continue to Do things and get their hands caught in the cookie jar and the fines just get bigger and the laws get tougher and you know There just isn't a whole lot to say other than You know when nothing's going on and you're a brand new industry There isn't a lot of oversight and you can throw a lot of money around You can get your way for a while, but you know that only works here in the United States where they can buy the congressmen and senators Much tougher to do that overseas Where they have people to compete against this than technology or software a lot of other things and getting right Patriot Patriot article, I think so that'd be the good word to use there, but certainly Europe China a lot of these other places have a lot of restrictions on them and have Kind of like Facebook. I'll met a musil now What is that in? matter These things have kind of fallen off a cliff Again a lot of the ad revenue that Google has is kind of like Meta musil and that is that it's probably highly exaggerated and they charge Good amounts are ready and then probably how many people actually watch them how? Responsive are they? but for Google regulatory issues Are a big a big deal now. They've got their Guy mr. Smith has gone to Washington But that's probably not gonna do him any good because he's done everything good Hope his finger in the eyes of the out of the power party, which will probably be the end the And the in the power party coming up early soon Will be if you want to take advantage of this sector now is the time to subscribe to my goal report The goal 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 published the goal 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 goal report sign up Now by visiting tfnn.com. 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Oh, yeah a question about Tesla and then moving some of the folks out that were Involved in Getting test data For its Robo cars And no driver for that matter Scientists assure us that it's the shape of things to come in highway travel It's all done by computerized electronic impulses relayed to the car through a special receiving unit fixed to the front Signals picked up from the inlet track are interpreted by the unit to change the cars course or its speed It may seem a bit of a pipe dream at the moment But researchers say that robot cars may well be in everyday use within 30 years That was 1960 or 65 I'll think that that's easy. Do we have a caller? Yep Okay, Jeff and Philly. How you doing today? Doing well. How about you? great great So I have a question for you It'll take me a minute to explain the question. So I Have this trade that I do that I figured out how to do on certain news releases and the Sometimes my orders get filled and sometimes the price action Moves in response to the news so quickly that it blows right past my limit before the order can get filled but They used to get filled a lot more frequently like maybe a year and a half or so ago So my brokers the interactive brokers and I've called them a few times trying to see what I can do to Have a greater likelihood that my order will get filled And I asked them, you know, is it a priority because of the size of my account or whatever and they're like, no No, and they also said That the type, you know, it's a simple limit order and that that actually Gets transmitted to the clearing house because the clearing house has Well, I can handle that type of order. So it actually transmits my order limit order transmits from Interactive brokers to Exchange and sits on their server You know until the news is released and it hits my Limit order So which is it's a stop order, right? So if the put when the price moves, it's my stop which triggers it But then I have a limit on it That you know if it blows by too fast doesn't fill So anyway, I've called interactive brokers a few times and asked them, you know Can I pay extra them? There's a lot of trade going make good money on that. I'm not getting filled one But there's nothing Apparently they can do so my question is is there's some kind of Well, do you have any advice in general? And I'm thinking probably you might say one up your own Yeah, there's a couple things you can do first of all is that The the reason that you have that issue is a thing called quote stuffing That is the ability to tie the machines up by adding a putting in a bunch of bids and ass that will never ever Get it get Exercised right and they do that especially when news is pending or it's coming out There is one company that is Trying When you say they are stuffing orders, who is they are they High frequency traders they put it they just they just shove in as many orders as they can and try to to Literally slow down the computers Right and slow down your order slow down all your brother orders All the retail traders and then that's it but that's been going on since now the law has really changed in 2007 and it just got worse There is a exchange called IEX Yeah, I heard about that. That's the guy in Canada the Asian guy that like figured out what was going on and he introduced extra fiber to So that all the orders coming in wouldn't have an advantage by being co-located like everybody's his timing delay Is a 30 mile long line of a fiber optic cable? There's no way to game game that but yeah, it is kind of interesting But there's one where you know, you whatever your order is But I think even him Even what they do is a quarter of a second, but you may try different things like that I don't worry about it that much because My trades if they're gonna be big, you know 10 cents or something isn't or 15 cents or even 50 cents may not be a big deal But generally I never I don't have a lot of problems with orders, but I don't trade news So if you're gonna trade news you're gonna have to you're swimming with the sharks and high frequency traders And they know when news is coming They know before you do and they'll do everything they can to make sure that you don't get an even break Stopping orders and their benefit them Because it stops people like you Right you put in an order So they already know what they can do with that order if you put it in a limit that's 50 cents higher They can jam it up 50 cents and then make sure and make an extra 50 cents Right the whole thing is once you put it in once you put it in order They already know what's it where the bodies are buried I was talking to a guy in a big database company about an hour ago that right now if you're a quantum physicist and you graduate with a PhD or even Half a PhD right now you can go to work for any of these high frequency trading firms for a half a million a year They're all about trying to figure out What the most likely thing is and how to jigger it around so they can make money There's a big business in all of that But uh, I don't try to get into that fight because I know I'll never win And I guess if they can put a huge Um percentage of the inbound orders are coming from them then statistically They'd have a better chance All they have to do have you ever slowed down a computer by running too many programs? That's all they do And and and your your gets lost or slowed down But their computers are very fast and they'll go around the end Jack up the price to whatever it is if you put in a limit order the chances of you getting a Actually getting anything If it's not a market order then instantly Uh and even then they're gonna They're you're you're gonna probably pay extra But those guys are living on a quarter of a cent maybe a half a cent Uh to sometimes 20 cents uh a share But uh most of the time the high frequency guys they're just trying to make a tenth Maybe You know a quarter Uh of a tenth or something but in high news Uh high news they know a lot of home traders are just gonna do it. I want to thank you for the call We've got john on the line. Can you hang through through the break john? 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It can seem impossible to keep up with all the information David white's investment newsletter the technology insider is designed to give you all the information You need to understand the technology that shapes today's markets and tomorrow's future David white has made his living staying on the cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks As well as entry prices target prices and stops to set for each trip Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only 37 in 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30 day money back guarantee tfnn educating investors Are china ashare's hot or not if you trade china ashare's now may be time to take a closer look trade chau or chad Directions daily csi 300 china ashare bull and bear etf's china ashare's in either direction Visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at 866-476-7523 The prospectus or 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 four-side fund services llc This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz And we're back and hopefully we've got john from philadelphia on the line Good more excuse me. Good afternoon david Good afternoon. Now, maybe you can remember the guy's name that we had on about quote stuffing from chicago He had this twitter feed. I'm just blanking on his name right now Um I know exactly to whom you refer Well, I had him on the yeah, I'm going a blank on the man's name And uh, I in fact can visualize his face at least as portrayed in some of his bios, but um Uh, sorry, I can't help you. I uh david i'm calling uh, jeff and I are doing Philadelphia tag team questions for you today Yeah And uh david, I first have to say uh, one I've said this before but I admire your approach and your trading tactics um Number two, I highly recommend to anybody who's a trader your services Uh, your your short term trading services. I uh, uh, one thing I find admirable about is You can just sit and wait and wait And then just act And when your losses are small, they're pretty damn small and your losses are good and sometimes very good. Uh, so I recommend uh, that's uh, your service to anybody who is a short term trader if they care um To that point that david yesterday you put on the trade A uh, s and p or a spy put option trade that was nice and successful Maybe it was an overnight trade. Maybe it was an interday trade But um, I wanted to ask you specifically Uh, and I don't ask you to divulge proprietary stuff that you care to uh, uh keep privates But yesterday It's either monday nights or tuesday very early. You saw the set of conditions In which the bounce over the past days Uh, could conceivably top out short term and pull back in, you know, a meaningful way at least on an interday basis So you saw that It in fact turned out just that way you profit thereby I'm calling to ask if you can share with us with me Conceptionally what the setup was That saw that that you saw that suggested. Hey, not only is this rally topping out very short term But we could have a a good meaningful interday pullback Um, well for me um There were a couple things but When I looked at the options and I actually had it in the newsletter before they opened yesterday Uh, that there was a Uh, I it it's kind of been wiped away a little bit But there were a couple of good hockey stick dog legs In the expiration smile from about 390 to 392 and they got it up to about 392 and a half And there just wasn't any volume at all. I started seeing Nike. Um, which really didn't have that great of earnings Um, they run all the shorts out and generally and it gave it up real quick And that's generally a good sign that you've got kind of a high going on I was looking for exactly what we had which is a pullback back Close to the low end of 3800 just thinking that a lot of people are going to ring the register on whatever The bounce was and go into what we have now, which I suspect is going to be a lot of sideways trading until next week when fund Buying comes back in but uh, probably fairly quiet But anyway, uh, the downside and the options was in in the low I don't know about 382 or so And so I my trade setup was just that that I was looking for a move I thought it'd take two days, maybe three days to get there, but we bought the I think it was I put the uh email out I don't you know, there's a little bit of delay from where people get it but I think I sent it out when it was, uh, 392 392 50 and the SPY 390 call uh puts for Friday we're trading about a buck 60 or 70 or something like that. Um, so that was the setup But I you know, I thought it would take maybe a couple of days It just all happened at once and I'm half thinking that all the guys were thinking about going to the Hamptons and just Didn't care We're getting out. We're going and that's it But that's that's it. I was looking at a couple of big dog legs They're not as brilliant as they were yesterday But there was one at 382 and the other one at 392 Um, but it was kind of a little mushy up on the top end Uh, but just looking at a couple of things going on knowing what was going on in here and thinking that They were going to ring the register, but you know, it was a fairly low uh risk trade I thought in that, uh That, you know that a buck and a half or buck 75 or maybe even two bucks uh to go to uh 380 or 382 ish Uh, we got a little bit farther than I even thought but uh, it was a great setup But I was just looking at the option volatility um uh What they call the smile Uh on both the money being won and lost and as you know, I'd look at these like a great deal But it was very plain yesterday. It wasn't as plain it or it's not as plain today But there is kind of a nice tick down there at 380 and that's why I went ahead and sold those um Puts yesterday, uh into the clothes So gotcha. Gotcha. I appreciate that. Yeah, I I can Uh, I can see clearly your explanation. Why wait? Uh till thursday to uh eat your cheeseburger on tuesday So, um Uh that explains the setup. I appreciate that We always keep looking for those sorts of things and i'm going to get better at doing Sort of things you do there, but In the meantime, we'll uh, we'll uh just suffice in being a customer of yours Well, thanks and uh, have a good day and i'm going to remember his name was make make something make make make Ah, it's got to drive me nuts Uh, but he's the guy, huh? Okay Yeah, I was gonna I was just trying to remember his name after the conversation in the previous segment just because I want to say McNally But it was it wasn't it's close to that But uh, he had a big company and he figured it all out and uh, literally embarrassed them Until he bought they bought him out and bought his company out But he used to be on twitter pointing out all the shenanigans they did They finally green mailed him out. Uh, but part of it was uh him not Uh making any more posts on twitter. So haven't heard of him in a long time Uh, anyway, uh, we're going to the break here. We'll see what's going on. I'm like I said, I think a lot of the Action is kind of over for this week and the thing to start doing now is start looking at How well these companies are holding up Into friday. I think we got a couple of days next week. Like I said, tuesday wednesday thursday for fun buying and then Maybe if you're a real bearish, maybe that's when uh the next down We'll be back in a Vista gold owns and operates the largest undeveloped gold project in australia the mount tod gold project Vista gold just completed their feasibility study Resulting in a 7 million ounce gold reserve. Vista gold has all major permits approved and has retained cibc Capital market assistance in evaluating alternatives and in completing an accreted transaction Vista gold trades on the nyse american and tsx under the ticker symbol v gz Vista gold executing a strategy to create shareholder value TFNN has just launched their july 4th tiger dollar sale for one week only We've doubled all the bonuses where you can now get up to 20 30 or even a 40 bonus on your tiger dollar purchase Tiger dollars are good on all TFNN newsletters webinars and trading services And they never expire for all the details and to get your tiger dollars before the sale ends tuesday july 5th Visit the front page of TFNN dot com today 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? 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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 dot com educating investors Catch Tom O'Brien professional trader and educator founder of TFNN Also a special guest on CNBC Tom will bisect and dissect the markets the Tom O'Brien show next on TFNN And Jimmy in the den says the smh has fallen And it can't get up Is well, I don't know about that you do actually Looking fairly good here on volume at least today. And that is uh, the june 17th 2022 Uh eight and a half million shares at 201 Yeah, so Three million shares now you might get a lot of volume tests Maybe next week. I think uh Some of this is overblown But a couple of nice days maybe next week Uh, especially since I've seen so many people Throwing spitballs at the smh's from the cheap seats on CNBC Make me think that they're thinking about buying it and just driving it down to get a better price Maybe run some folks out But that's interesting uh question on tesla again that I didn't quite get to They can't a bunch of folks when you're trading or trading when you're training uh Machine learning or artificial intelligence systems. There's a lot of work to be done when you get started But eventually you get a pretty good data set of all the stuff that you need to know And the people that tesla's canning here are all those people that drove the cars around and gained data But at some point you're just throwing more um Hey on top of a haystack and you're not putting more needles in it and Uh, it doesn't do you any more good. So I don't think it's a big deal And probably a good thing as they start to cut down on expenses, but uh, not unforeseen Um getting a lot of test data and we'll talk tomorrow about how google did it But uh, nothing new out there Um a little lighter volume than the gap up, but again, I don't think we're gonna get a big bounce uh for friday It may just be a slow plea So when you can not when you have to we'll see you tomorrow same bat channel same bat time Building wealth trading in the stock market seems impossible