 The following is a presentation of TFNN. Good Friday morning everybody. We knew it was going to be an action-packed week and I'd say it's delivered on both accords man. You talk about some volatility in both directions and we're getting it again this morning. We're getting it to Amazon and Meta earnings after the bell last night. Just blow out earnings man, Facebook, Meta. Boy, quite the quarter for them as they trim the fat, they crush it, they bring it to the bottom line. We'll talk about both those equities but we got to talk jobs this morning. Boy, we got quite a market going on right now in the jobs market. 353,000. Let's get over to the headline real quick before we go through the indices and we do a little market wrap. Hiring, accelerating, this is the front page of the Wall Street Journal this morning, 353,000 jobs added last month. The unemployment rate, 3.7% unemployment rate has been under 4% for two straight years. Quite a number. A number that's going to get a lot of attention. Let me see if I can find it. Maybe this one? Nope, that's not the one. It's going to be this one. There it is. This is going to be the number that gets the attention. How about a 0.6% jump in earnings on a month over month basis? You multiply that times 12. You got 7.2% earnings growth and there's no way inflation is going back to 2%. If everybody's getting paid 7.2% more than they were getting paid last year. Average hourly earnings, the forecast was for a 0.4% monthly gain. Everybody missed the fact it was up 0.6%. We'll see how that goes in the months forward. But boy, you look at these numbers, man. 353,000 is the headline number when you put it out there and we got revisions to the previous months to the tune of 100,000 plus. It was 125, 127, we'll pull it up. Both the previous months get revised and we got big jobs numbers and we have quite a recoil in the bond market and the markets themselves. We kick things off. S&Ps, good news is not good news right now. When the Fed's a little bit worried about inflation and we're not going to get those cuts, man. So good news means no cuts for the market, which means bad news. Imagine trying to explain this to somebody that's not in the market, right? The economy's on fire, but stocks can't handle that, right? They can't because right now the chairman seemed like he was afraid on Wednesday. And boy, if he was afraid on Wednesday, maybe he had some of this data. He probably had some of this data, right? That was probably giving him a little bit of the creeps in terms of being so confident that inflation is done when you have a jobs market. I mean folks, you add the 353, you add the revisions, you're talking about almost a net gain of 500,000 jobs just over the last three months. Then what we were thinking was going to come in 400, 500, whatever the number. It's a gangbusters number and the wage number is going to be a big one. Now, we just finished up the holiday season, okay? That's going to play into things as well, but it's going to be an interesting market, man. You see the acceleration. How about it, right? You get the acceleration. This chart. We're just going back two days, man. We're right back to where we were after the Fed announced, yeah. Two o'clock you came in at 4915. You went down to 4866. We got a 100 point run in the S&Ps to the upside from there, almost 98 points, to be exact, to 4964 just prior to that news event and we're right back to within about 15 points and you're right back to where this thing accelerated to at the beginning of Chairman Powell's press conference before he told everybody literally verbatim, they didn't think that March would be where they could have that confidence, where the cuts were coming. NASDAQ 100. Boy, you're going to see quite the acceleration with Metta. You're going to see it with Amazon this morning as well, Apple. Let's check in on Apple. They were a little bit lower. Yeah, they're six bucks lower now. Apple shares from 186 to about 180 in the pre-market. We jump over to Metta. It just doesn't stop with this equity, man. 460. 460 from Metta. You jump over the Analyze tab. You're only looking for a $16 move in either direction, folks. So that meant if you went directionally on Metta, then you were going to have to pay about half of that, right? So you were looking at about an $8 or $9 premium. You would have to pay to go directionally. Well, if you were bullish, man, you would have paid $9 to get a $65 move. That's the reason why people like playing high-risk options sometimes, sometimes, because you get moves like this. This is going to be a historic day even across the market in terms of the market capitalization that Metta, I keep wanting to say Facebook, is going to add at the opening bell one of the biggest market cap ads ever in the history of the market. You jump over to Amazon shares. We got quite a day going on as well, man. Amazon's going to be up $10 from $159 to $169. You back it up on the longer-term chart. So Amazon's going to open at about $170. Where are you? Right in the middle of this range? You're talking about all-time highs of $188 back in July of 2021 and just like that, man. Amazon trades from $80 at the beginning of last year, and you were a little bit higher. Where did we get to? Yeah, we got to $174 last night. Just strong numbers across the board for Amazon, across the board for Metta shares as well. And Apple, decent numbers for Apple as well, man. But expectations are everything. Not quite what the market wanted. And Apple's been in a little bit of a slide here. I mean, you're talking about $199, the all-time high for Apple right now, and you're pushing $180. You're selling 10% off all-time highs for Apple, just like that. You jump over to Microsoft shares. See how they're trading. Microsoft catches a bid last night on some of the strong numbers from the tech companies. You back off a bit. Microsoft's still positive by about $2 to $3. We get the tech stocks still higher, which is remarkable when you think about what this chart looks like, folks. We are down a full point in a heartbeat. Rates are just recalibrating right in front of our eyes by the second. The 10-year, we're at about 4% right now, I think. Let's see if I can find that one quick enough. Probably not going to get it quick enough. Let's see. All right, we'll pull it up after the break. Yeah, we got a lot to talk about. Let's see. That's not it. Oh, yeah, this is something that, hold on, this is going to give us a chart. There it is. That's your yield on the 10-year. We were at 3.88, and in the snap of your fingers, we're back above 4%. Just like that, man. Forget about March and start questioning May, because if the chairman, if you take him at his words, and then you look at this data, how dare they cut when wages are going up 0.6% over a monthly basis, right? Those numbers don't make sense unless they're just transitory, and that's the truth. And the last thing he wants to rely is on data being transitory after it got him in so much trouble in the beginning, I'm sure. Taking a look at some of the charts of the action that we've had since we got that number. Futures, of course, pairing the gains. You see the markets. We just talked about yields spiking higher because we're not getting those cuts. Crude catches a little bit of a bid. Gold's going to have a problem if this is the case, man. We jump around. We haven't made it yet to gold. Well, let's do the dollar first, because that's obviously related. Dollar can't trade lower just yet. If this is the type of move we're getting in data, and look at that bar, man. That is quite a bullish engulfing, folks. It just takes out every single thing we've done over the last two weeks. The dollar pushes almost 104 right now. We've got dollar strength. That's going to put some weakness into gold. Gold's still sitting at 2047, but we trade down $23 in that gold contract right now. That's a decline of about 1.1% in the gold contract. We jump over to silver. Anytime you get this type of strength in the dollar index commodities are going to take a hit. Silver, negative by 53 cents. We jump over to that crude contract. Crude, look at this thing, man. Pretty remarkable. Wait to fill up your gas tanks if you can, folks. Look at that. This is from 7929, and that was literally almost the open, if you recall, in the futures, right? Yeah, it was. It was literally the opening tick on the futures, 7929, 7317. Just like that. We might see a 69 handle, folks, by the time we get the end of today. I mean, look at these moves, mammoth moves, and it's going to continue today. Today is going to be an important one, folks. Stay tuned. We're going to talk some meta. We're going to talk some Amazon. We're going to talk some Apple, and we're going to talk some jobs. We'll be right back, folks. 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. Sign up to the Fibonacci 24-7 newsletter today at TFNN.com. Educating investors. TFNN has launched the Tiger's Den, hosted at Discord. 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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. S&Ps barely holding on to the green right now. Up by four, you get the Nasdaq 100, or up by 75 points right now. Pretty remarkable. Nasdaq 100, up by 75. When you get the likes of MetaShares, you're going to pop about 15% on the open. You get Amazon shares, you're going to pop what, 7%, $10 on the open. Apple is going to get back some of that though. Here is your chart of Meta without the action overnight. Now we're going to pop to $460, call it, okay? This is a weekly chart. We came into the earnings last night at $394. You back things up to $88, which is just remarkable when you consider, right? Check this out. $88 was where this equity was trading at on October 31st. You're going to get $65 tonight, last night. But when you think about, yes, this is a 15% move on this equity, but you were trading at just $88 in October of last two years ago, I guess, right, in 2022, and we're going to get $60. Now, when you look at the 10 biggest single-day market cap gains ever, the market capitalization now you remember when things were rocking in 2022 on some of these, man, Amazon added $190 billion one day. Apple's got the biggest one at $190.9 out there. You go down the list for likely suspects. When NVIDIA crushed it, began the AI craze in May of last year, they added $184 in a single day. Apple, again, it would make sense that Apple's up here often, right? Because they're the biggest company in the world, or they were Microsoft, a couple of big days up there as well as now the biggest company in the world. But Meta shares, man, as a percentage of market cap, I think the biggest number out there when you're talking about these types of ads, right? As in $100 billion plus added in market cap, percentage-wise for your market cap, you don't get these types of percentage pops for equities that are this big. You jump over to the Analyze tab. You're talking about a company with 2.5 billion shares outstanding, okay? So for every $10, you're adding $25 billion, right? For every $40, you're adding $100 billion, and you see they're up by about, what is it, man? $65, okay? So you're talking about, yeah, they have the number at about $170 billion right now with some of the action this morning. But how remarkable is it, folks, that this equity with 2.5 billion shares outstanding and its gangbusters, man, they got a dividend, they got a buyback in here, okay? $50 billion buyback, they have a dividend, they have a dividend. Even in October of 2022, telling somebody that Facebook is going to come out and start issuing a dividend, and the stock is going to pop $65 overnight when it was just treating it $80, and you'd be trading it $456, I mean, you'd say, what's going to happen? And everything's pretty much lined up well. But 2.5 billion shares is all you're trading at there, okay? So even if the stock was trading at $100, folks, you're at $1.1 trillion right now, okay? Because you're at 450 bucks. If the stock was at $100, then you would have been a company worth $250 billion, correct? It was at 88, okay? So doing quick math, you're lowering that, well, we had 220, 230, 230 billion dollars, something like that. I don't think we've ever seen a run like we've seen right now over the last 14 months with what happened with this equity going from a market capitalization of about $220 billion to now approaching $1.2 trillion in the span of about 14 months. Just mammoth numbers across the board to put it lightly, yeah. And some of the numbers, you know, reading the articles this morning, even ahead of the jobs number, between just Amazon and Metta, you're going to gain about $280 billion in market capitalization, okay? Yeah, you got Amazon about 7.5, Metta's up 17, both of those pairing that somewhat. I think this article was up prior to the pullback on the jobs numbers, okay? But they talk about the numbers in terms of what they pull back on employees. Now here's a kicker. How about this? Zuckerberg, now he's had quite a wealth appreciation since, I mean, you're talking about now Metta shares have almost went up by five-fold, right? What is it? What is it? 88 times five, man. 88 times five. 440, yeah. Gold from the lows, okay? Zuckerberg is going to get $700 million a year from the company's first-ever dividend. I mean, the wealth of some of these tech, I want to call him a CEO, but he's more than a CEO. Folks, when those shares come from his ownership, founder, $700 million from a dividend. Just remarkable, man, this equity. What he talked about in here that the market probably loves the most, man, is, yeah, Zuckerberg has talked about that he likes it. Yes, here we go. Here's the quote I wanted. Okay. So they cut a tremendous amount of the employees that they had added, right? That was the big deal going on, and boy, quite a turnaround credit to him, man. You got to give credit where it's due, folks. This just company just went from $220 billion to $1.2 trillion in a span of 14 months. Zuckerberg said he plans to keep headcount growth relatively minimal for 2024 and beyond despite the lofty ambitions until we reach a point where we are just really underwater on our ability to execute. I kind of want to keep things lean because I think that's the right thing to do for us culturally. Yeah, it's just quite a turnaround across the board. You jump over to Amazon, okay? All unit sales jump 13%, easing fears of a demand slowdown, and how about advertising revenue of folks rising for a fourth consecutive period, and the numbers on advertising, it's just not going to stop, man. Now, operating income for the period ending in March, this is talking about forecasts for Amazon shares. It's going to be $8 to $12 billion on sales of as much as $143.5 billion, pretty much in line. The analysts were looking for profit of 9.12 on sales of $142 billion, so pretty much in line. Fourth quarter revenue increased 14% to $170 billion, not bad. They're taking in almost $2 billion a day. Twice as quickly as expenses is what's going there. Revenue climbing twice as quickly as expenses. Online sales rose 9% to $70.5 billion. Now, what's remarkable is they have $100 billion in revenue that is not online sales. They're just everywhere, man. Operating income increased to $13.2 billion. Market was looking for $10.5 billion, right? That's a decent number. What else do we have down here? Yeah, here we go. Advertising sales. This is the number I wanted to get to as we got five minutes ago until the opening bell, 27% to $14.7 billion in the period ended December 31st. I remember talking about this three or six months ago, man, pay attention to these advertising numbers. The market's going to pay attention to these advertising numbers because they're starting to rival cloud numbers for some of the other competitors in the cloud, man. You look at Google, Azores through the roof, but what has Azore grown at? 30%, right? What are they approaching? More numbers than that. It's just not going to stop, and what are you going to have? They're going to have more commercials in prime video streaming service, okay? Jazzy gets it, man. He's all about the business of high margin ticket items, talking about AWS. Advertising is the same exact deal, man, right? They have the infrastructure built every single time they take in a dollar for advertising. Very little fixed cost that is associated with increased advertising. Just gangbuster numbers, man, and so look for them to pop on the open. Even in the face of a tough day on the markets, we've got Amazon shares holding on to about $10 a gains right now. You pop to 174, we're sitting at 169. You jump to MetaShares, it's grading up $63, and then you jump over to Apple shares, Apple down about $6 on the open. We jump over to those yields. The 10-year, right at about 4%, openings don't get much more interesting than this one, folks. Don't go away. We'll be right back for that opening film. 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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. Welcome back, folks. We got markets open and you got the S&P's up by seven points right now, trading at 49.35, and yeah, you talk about some volatility, right? And especially interesting in terms of we're right back to where we were, kind of kind of right after the Fed announcement, we came into the Fed decision at about 49.15, quite the acceleration yesterday, of course, up to 49.64. Haven't seen a day in yields like this in a while, man. You got the 10-year, we were at a 113-handle Thursday at 11 o'clock, folks. A 113-handle, we're now under 112 as you give up a point and a half, and you give up basically a full point from where we were prior to that jobs number, man. Doesn't get much bigger than that one, really. You jump to some of those numbers, looking at the number, 353,000 is the number for January, as we talked about there. Unemployment rate holds steady at 3.7%, and yeah, you look at those average hourly wages, right? And what is the average hourly wages? 0.6% on a monthly basis, man. 0.6%, pretty remarkable. Multiply at times 12, you're at 7.2%, man. That's got to give the chairman a little bit of worry this morning. Wonder how much of this data he had on Wednesday for him to sound, because I was surprised, the market was kind of surprised, right? How he literally came out and said, it'd be difficult for me to imagine that we have the confidence we need to begin cutting by March. Not quite as clear as day is that, especially with the important data coming 48 hours after that statement. And what happens? The data comes 48 hours after that statement, and the data aligns with his worries, which is that things are a little bit more worrisome than they may appear when you only got six months of data, and we're getting revisions. Remember, we got 353 for January. Revisions to the prior months, where I think 126, I'm going to just put it in the den. It's a great point. You got to keep track of these revisions, man. 126 plus 353. What's that? 479. 480,000 jobs added. The number they were looking for was like 150. And keep your eye on the volatility. Okay, there's a lot of variants that can happen in the holiday season. Keep your eye on that as well. We'll see if the trend continues. But boy, we got markets trading lower on the open. We got the S&Ps giving it up right now. We're just positive by one point. NASDAQ 100, barely holding on to gains. Let's see how those big stocks are trading. Amazon, a little bit of a give up with the market. You're still up by $8.50. The master of today, we'll call them meta shares, up by 15% right now. Up $60 to an all-time high of $4.54 for meta. We jump around some of the other fang stocks, Microsoft shares, up about 3.10% right now. We jump over to NVIDIA. Can't hold NVIDIA down. Up 1.3%. We jump over to AMD. Tough deal for them on Tuesday on their earnings. But guess what? They got it all back. They're actually ahead of where they came into their earnings on Tuesday. And that was a tough earnings event for AMD. If you remember, going over some of those numbers earlier in the week for AMD. All right, we jump to Tesla shares. It just never ends right now, folks. Be careful for Tesla. I keep talking about it, man. The multiples on this thing are still bonkers. And Elon is, you talk about a tail risk, okay? I mean, maybe you get in this thing and you cover yourself with options to some degree because do not be surprised, okay, if it comes out overnight, that Elon is stepping down as CEO. And listen, I'm just providing tail risks, okay? But not many times in an equity that's valued at $600 billion, okay? Are you going to be dealing with the type of tail risk you're dealing right now with a company like Tesla? But guess what? When you take those tail risks, you can get the reward as well. I just want you to be aware of the risks. It's okay taking big risks, folks. You just got to be aware you're taking them. And I don't think a lot of people are aware of the type of risk you're taking right now in Tesla shares with the volatility of what's going on. Elon can still maintain his ownership of that company. He can still have quite a hold in terms of the strategic deal that incurs, okay, and they can bring in another CEO. And he goes and starts another company that he retains 100% ownership of and pushes out some money where he ends up with more than like a 4% ownership of the company because he's in problems, man, to put it lightly. And yeah, Tesla, the reason why I bring up them is because they're recalling millions of vehicles again over the latest safety flaw. Yeah, 2 million EVs is the number they're talking about here. It seems like I see these articles and I'm always like, wait, that's the last one, right? They're like, no, this is a different one. This is another recall. Wait, didn't they just do this again like last week? Yeah, they did this again last week, but they're doing it again. Just never ends right now. Recalling nearly all of the electric vehicles it sold in the US over problems with warning lights, its biggest recall to date in the latest of a series of setbacks as they talk about here, warning lights with a smaller font size can make critical safety information on the instrument panel difficult to read increasing the risk of a crash. They got tiny font making everybody stare at it very difficult and then you're crashing as a result of it. 2.19 million vehicles sold between 2012 and 2024, they're going to receive an over-the-air software fix. Now that's where they don't get enough credit, okay? It's an over-the-air software fix, right? The fix is unlikely to be expensive to implement, but the recall could still dent the reputation. I would say it is because when you see the word recall, we're not associating that usually with the likes of an over-the-air update, right? But nonetheless, that's the case. And boy, you talk about the safety problems and they just had a big one in China. That's, I mean, the headlines just don't stop, right? In 2023 Tesla delivered 1.8 million vehicles worldwide. While 2.19 million is what they're bringing back in the U.S. for safety concerns, as it just does not stop, Tesla down about 2% right now, even with many equities on the positive side today. All right, we got a question from our man Duncan Steve in the den talking banks, man, talking the XLF. Let's check it out. Look at this run, right? XLF, we're trading $38.73 right now. We've had a run from $32 up to $38. That's your three-year weekly. Let's take a little bit of a longer-term timeframe. There's your COVID collapse from $31 down to about $17. Yeah, I don't know. I'd be careful. I'd be careful, Steve. You know, we're coming up here to this area that was kind of an area of resistance, $40. Nice round number of $40, man. Yeah. I don't know. Seems like we're coming up there on some weak volume on a monthly. Let's take a look at this again on a weekly basis, coming up to these highs right now. I mean, look at some of the volume we had at some of these highs, right? Even the lower boundary, which is where we are right now. Right now, we're in the bar from January 24th, where you did $544 million. That high was $39.34. You close that out at $38.72. It will trade at $38.70 right now. You did get slightly above that, and you gave it up. That bar had $544 million, and the weekly bar we're in right now has $220 million. How about that one, man? How about that one? Yeah, I'd be careful on these banks, man. New York Community Bank, right? I was talking to my dad about this yesterday. That's a weekly bar for you, man. Pay attention to that one, folks. There's no way this makes sense that this is an anomaly. Everybody is saying it's an anomaly, as in the other regional banks. Their stock prices are saying it's an anomaly as well. But what I cannot understand is how a good bank, okay? This was supposed to be a good bank that scooped up the assets of the bad bank. That means that there were unknowns there that even the good banks couldn't figure out. And there's no way one regional bank is cotholding the bag when everybody else isn't. Okay? This corporate office space, man. Be careful. So be careful, the XLF, Steve. I'd hang tight for right now on that thing as we're pushing highs. Stay to your folks. We'll get that. TfN has just launched their new trading room, the Tiger's Den, hosted at Discord. TfN 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. 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 Tigresses as they share trading ideas, news analysis and discuss the market action all trading day, even at night and on the weekends. The Tiger's Den at Discord is accessible on mobile or tablets as well. 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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. Welcome back, folks. We got markets in positive territory, the S&P up by seven, holding on to gains today. You see the volatility there. We actually bounce. Where do we bounce from? We bounce right from the highs of yesterday, Wednesday, excuse me, from the highs of Wednesday on Chairman Paul's press conference. That's basically where the market just bounced a little bit of support there. We're up by seven. NASDAQ 100 catches a little bit of the same exact area, man. Right where we were on Wednesday, just after the Fed began their press conference, that high at about 2.45 PM Eastern time, if you recall, market drifted a little bit higher until Chairman Paul dropped the hammer, saying literally that he didn't think that they'd have the confidence by March to begin cutting. And yeah, I'd say the market figured that one out as well. We've been looking at that CME Fed watch tool. Okay, now don't interpret this as the Bible folks. Okay, but it is interesting seeing some of what is priced in here. You look at March, and if you want to take a look at these, man, what's interesting is you can see a week ago where these numbers were, even a day ago where these numbers were. Okay, a week ago, they thought there was a 46% chance that they were going to cut in March. A month ago, folks, there was a 70% chance that they were going to be at 500, 5.0 to 5.25, which would be a cut because there are 5.25 to 5.5 right now. Look at how things changed from January 2nd to February 2nd, folks, from a 70% chance of a cut coming in March to a 20% chance. And this is why I say this is not the Bible. There's no way there's a 20% chance right now. If you told me that I could put up $1 to make $4, which is what a 20% chance is, on the odds that the Fed is going to cut on March 20th, my birthday, I would take the other side of that trade bet in $4 to make the dollar, okay, because that is a lofty number. Now you want to have some tail risk in there, okay, but you get the point. Now, what gets more interesting is you start going out. Let's go to May. Where's the market looking in May? Well, in May, right now you're talking about a 57% chance that potentially they're going for one cut by May, 125 basis point cut, okay? You want the odds that they have two cuts by May, which would mean you go March and May, only a 12% chance. There's about a 30% chance that they don't even cut by May, okay? You get into June and those odds start dropping in terms of the odds that they stay. By June, the markets only think there's a 3% chance they have not cut by June. They're looking at about a 1 out of 3 chance that they've cut at least once by then, and about a 50% chance, 53.4, that they've cut twice by then, okay? But it is interesting when you look at where we are now, just to where we were even a week ago. Boy, it's amazing when you go back a month, man, to January 2nd, right? January 2nd, there was almost a 0% chance that they'd only have one cut by now, right? January 2nd, the market was thinking there was a 62% chance that we would get three cuts by the June meeting. Remember this, okay? 62% chance a month ago that the CME FedWatchTool was talking about getting three cuts. I'm just trying to show you how quickly things changed and they can change again, okay? But we have gotten a complete reverberation even with the market in positive territory. Territory. Now, listen, the market might be able to handle higher yields, all right? We talk to Kevin Hinks all the time. He makes that case. He was making that case when we were at 5% and Kevin, I remember talking to him saying, you know, what's going to happen? How are these equities plowing higher? He said, well, you know, we're adjusting to a world where maybe we can make money at 4% or 5% and that seems to be the case right now, even if the market doesn't like it, right? You could probably make more money with interest rates at 3% or 4% but doesn't mean they can't make money where we are an absolutely remarkable resilience, especially in the tech sector when we have been facing remarkable high rates, especially considering I'm compared to the way we've been in history and look at this, man, growth stocks. You can't hold down those growth stocks, folks. Let's see. There it is. Amazon. Now up $10.77. They catch a little bit of a lift. You're above $1.70 for Amazon. All-time highs of $188 out there for Amazon shares. I think Metta is probably skyrocketing. What's it doing? It sure is. Look at that, man. Up $80, man. Up 20%. Absolutely bonkers. You jump over to the Analyze tab. You're talking about a company now valued at $1.2 trillion $1.2 trillion. Remarkable, man. And that is going to be one of the biggest market capitalization ads ever, which is remarkable when you look at the fact that Metta came into this earnings event at under a trillion dollars. You got three trillion dollar companies out there and they are going to own the biggest market capitalization run almost ever, man, as this stock is just not stopping. The market's got to love the idea of Zuckerberg saying we're going to be a cleaner for longer as they just crush it. We jump over to Apple. Even Apple catches a lift, man. Absolutely remarkable. First move is not always the move that carries through, and that seems to be the case yet again today. As you get Apple shares, they catch a bid to the tune of $3 on the open, man. Apple's got about 15 billion shares outstanding. So they even add $50 billion. And this is why I say, remarkable what Metta is doing when you think that Apple, just on the open, adds $50 billion of market capitalization because they're just such a large company at this point. Dow? Not so much the case, man. Dow trade's lower. You're off by 120 points. That's about 3-tenths percent right now. Let's take a look at some of the banks. See how they're digesting some of this action. J.P. Morgan up about 2-tenths percent right now, Bank of America down a half a percent right now. We jump over to Wells Fargo, down a half a percent as well, and Citi down about 7-tenths percent right now. Check back in on that XLF. Yeah, basically flat 3880 right now. We check in on some commodities. Dude. Yeah, I said it. What did I say? Maybe we'll get a 69-handle by the end of the show, right? We're almost at a 71-handle. We're at 72-28 right now. Wait to fill up those gas tanks if you can, folks. Go contract. Down 18 bucks. We catch a slight lift. We're sitting at 2052 right now for that. Go contract. Let's check in on the dollar. Yeah, we back off a bit. We don't quite get a 104-handle, but we are right back to where we were to watch out, man, in that dollar index, and you got to keep your eye on your yields again, man. Can't stop paying attention to what's going on in that yield market. One 1130 as we get the 10-year, right back near 4%. All right, what else we got pulled up here? Yeah, it's a lot of jobs, and it's a lot of hiring, and we pretty much got through the news of the day, man, and we'll see where we go from there, but the day is young as our man Basil Chapman says, you know, prosecutors investigating Vince McMahon, right, for sex trafficking allegations, he had stepped down. He stepped down originally. If you haven't seen what Vince looks like lately, check him out, because boy, the journal did him a great service of using this photo from 15 years ago. His look has changed just a bit if you haven't seen it, man. I'll try and pull it up at the break. Quite the look he's got going on these days. The thing that I found most remarkable about this story, folks, is that in her lawsuit, it says that McMahon stopped paying her after the initial $1 million wire. He was supposed to pay $500,000. Yeah, that stash going on lately. Dan, you got to check it out. I'm going to pull it up at the break, folks. I'll give you a look of what he's looking like lately. It is quite a look going on, man. Not the person you'd probably trust with anybody that has sex trafficking allegations. I'm going to pull it up at the break, folks. With anybody that you cared about in terms of the look he's got going on. But he only paid a million of the 3 million NDA, which is astounding for somebody that's worth billions of dollars. And it comes back and we'll see, man, because the details are pretty tantalizing if you haven't heard them. But guess what? We're coming back. We're coming back with Tommy O'Brien as well, because he's three years old today. He's going to make an appearance as a precious metal gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The Gold Report Tommy O'Brien publishes his weekly Gold Report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the dollar, bonds, the South African Rand, mining equities with specific buy-sell recommendations. The Gold Report New subscribers get a 30-day money-back guarantee so you have nothing to risk. Subscribe to Tommy O'Brien's Gold Report newsletter now at 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 and 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 The reality is that navigating financial markets can be risky. Markets can be chaotic and difficult to understand. Having the latest market advice can help you turn this chaos into a key for creating winning trades. At tfnn, we understand that it can be hard to find reliable market news. That's why each of our market experts offers their very own market newsletter. A must-have tool for every trader out there striving to find an edge in today's markets, tfnn newsletters cover every aspect of the markets so you can analyze the market before you trade. Try any of our great newsletters risk-free with our 30-day money back guarantee. Just visit the Newsletters tab on the front page of tfnn.com tfnn Educating Investors 0 2 2 2 2 3 4 5 7 8 20 1 2 3 4 4 4 5 4 5 5 4 3 4 5 6 5 6 We got a song going. We're singing. We're singing. Oh, we got a good song going, huh? All right. It's the end of the show. We got to say goodbye to everybody. Say thanks for tuning in, everybody. Thanks for tuning in, everybody. We'll talk to you tomorrow on Monday. Have a great weekend. Have a great weekend. Have a great weekend. We'll see you Monday. Have a great weekend. Have a great weekend. Have a great weekend. Stay tuned for Basil. We'll see you.