 Presentation of TFNN. The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll free at 1-877-927-6648 internationally at 727-873-7618. Let's go to Eddie and Bookarton. Hey Eddie, what's going on? Hey Tom, how are you man? I'm doing great man, yourself? Good, good. It is a treasure to have TFNN every hour during the trading day to be there to help you to guide you and even to give you some peace of mind or like that somebody else is there with you while you're trading this crazy market, these are up or down. Well listen, we appreciate you growling and following us out here because we wouldn't be out here folks if we didn't have all you guys gals, tigers and tigers as clients and you know the market teaches you every single day man. Now, Tom O'Brien. Welcome folks, this is Tom O'Brien of TFNN. We go five days a week, we go seven hours a day, we go 24 hours a day on the internet at tfnn.com. Always remember folks, whatever you think about, you bring about whatever you focus on grows so everyone's having a great day, safe day, it's making a great night folks. Don't take anything personally, transform your life. When you refuse to take things personally, you avoid many upsets in your life. Your feelings of anger, jealousy and even sadness will simply disappear if you don't take them personally. Alright, let's take a look at it out here. We have the Dow Industries up $2.39, Nasdaq up $1.63, S&Ps up $45, Gold, Gold Contract trading down $41.60 at $19.58 and Outs, we have Silver off $0.22, $22.42 and Outs, LightSuite crude up $1.69, $69.33 a barrel, notes and bonds. So 10-year note, down $29.6, trading $1.14.05, the 30-year down a full point, plus $12.6 at $130.02 and $Kingdala. $Kingdala right now, down $33.60, trading $103.248, the euro is at $107, the yen is trading at $132 and the British pound is at $122 to $1 at U.S. dollar. Our phone number is 877-927-6648, give us a call folks, want to know what's going on in your world. The world of the S&Ps, let's take a look at them. Now this is going to be really interesting folks to watch how this shakes out and specifically what I'm going to talk about is this. So we have intraday here, right, is a high volume low and you've just tested the high with tremendously lighter volume. So the high that we're talking about that we're testing here is the 4,031. We got the 4,000, check this out, this was amazing actually, 4,031.50 was the high of this morning. Now we just tested it and we're laying right there. That high at the first time we're up we had 450,000, yeah let's take it, 658,000 contracts. Bottom line, we just went into that with 206,000 contracts, let me see this. So yeah, we got one minute left. So the real question is is it going to basically close under that level and if it does close under that level and the next minute what's game is that you can see down the very bottom here at 4,003 you have a high volume low. So when you see something like this what can happen is that we can come right back down there before the close. That's the first part, the second part gets more intriguing and okay so that's on a daily basis right there. The next part goes like this, when you look at the spy what we have with the spy is this, the spy you can see that the correlation the correlation is the contraction of volume here is phenomenal folks okay. Number one you're going into 111 million shares that was the downdraft that was created out here on the 9th of March. We only done 58. Then you get the swing point that we're taking out right now, the swing point we're taking out is the 29645. At that particular level now watch what we have here. So what you're going into is 112 million the swing point that you're taking out is 149 million but watch the consistency here. So on Thursday, no on Monday on Friday we did 140 million shares yesterday we did 93 million shares and you're at 58 million shares there. So that's telling me two different things it's telling me we're either going to see that failure out here today with the future or when the Fed comes out tomorrow with their statement bottom line we're going south once again because we have a high volume low inside the spy out here at the 380 as well as all the way down here at the 374 as well as all the way down here at the 348 as well as your high as your ABC structure, larger ABC structure on the way down and the X100. Let's we'll put up the NQs first you take a look at the NQs what we have with the NQs out here I suspect it's going to be the same number okay so the number that we took out on the NQs the NQs have been stronger than the spy that's for sure and the Q I mean the S&Ps so the number is 837 and right now you're 13 points over that level now we went over that level with light of volume inside the futures market we had 244,000 contracts we just took that out with 90,000 the Qs also though the the futures also have that high volume low that's laying out there at 12,712 then if we go into the Qs you're going to see the same setup inside of the Qs meaning that we take a look at the the dailies and what you're going to see with the dailies we just took out the swing point of 309.15 and you know there is volume up in this 313 okay so well let me go through this one first so what you have there is that you're taking out volume of 89,000,000 at 35 you're going into 63 so either way okay this is where this gets really cool either way folks okay is that I suspect when they come out at 2 o'clock in the afternoon where are you going to basically fail today on this 309.15 which is pretty easy to do all what you'll end up happening is that we get the statement tomorrow at 2 o'clock and we get the news conference at 230 this may be spikes this high up here but my take we're going south that's that when you put it all together we're going south gold we look at the gold contract bottom line inside the gold contract gold just loves to do this man this just never ends bottom line it took out the swing yesterday has the volume taken out in the swing we take a look at gold if we just go from the bottom to the top right now you're approaching a point three a two I suspect what we're going to see here inside the gold market let's put this up let me see where let's see get this volume and then we had rolled on this contract so even we're even in the role there it is right there so there 1935 right now you're 1958 1935 is game in 1935 let's see what that is probably like a 50% or just over 50% retracement from the move this is the 50 1932 is a 50% retracement of the move and I suspect guess what that's where it's going to go doll was going to get intrigued here with the dollar is this is that the dollar came back to you know where I suspect it was going to come back to and what that is that's its strength how we came off the bottom and the high of that strength was the 103 006 well we got to 103 002 today and right now you're still hanging up you have a couple ticks from that but you know bottom line I suspect you're gonna get a rejection of lower price like that and the dollar once again wants to go topside stay right there folks who come right back our phone number is 877 9276648 there's a call folks currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe which is why it's a great time to try out Teddy keg stats tiger 4x report Teddy keg stat breaks down the 4x markets every Monday using his 30 plus years of experience as a trading veteran of futures 4x stocks and options Teddy releases his weekly tiger 4x report every Monday morning with coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar Swiss dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t-bonds as they both influence 4x markets tremendously when you sign up for the tiger 4x report you also gain instant access to Teddy 60 minute webinar archive he just hosted 4x strategies and fundamentals what is behind the tiger 4x report for all the details and to start your 30 day tiger 4x report subscription today visit the front page of 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 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Dow industry is right now trading up 265 we get the magic up 171 S&Ps are up about 48 and a half. Let's get over to our Mammus the Basel Chapman as we do each and every Tuesday at 20 past the hour and don't forget folks Basel is an outstanding show here every trading day 10 to 11 Eastern standard time also is a great newsletter the opening call now it's very easy to get Basel's opening call come over to our website folks at tfnn you go into newsletters you're going to see it right on the left hand side the opening call you can get the opening call for one month for $149 you can get it for six months to 6.95 which is the savings of $199 or 22% and you get it for one full year for $1195 which is the savings of $593 and 33% now they all come with a 30-day money back guarantee folks okay when you get Basel's newsletter you're going to get approximately 12 separate archives so you can see how Basel looks at the market each and every day and how you can understand how to ride the Chapman wave. Basel how you doing? I'm doing well Tom how are you? Good good. A lot of grief lately and I just want to say that at least on my behalf I think that we lost a really dear friend and there's very little we can say the speed of with which it happened is just unbelievable and what I can say is I know there's you know the toughest thing about death folks is there's always a void the void is as heavy as you can get and what happens is that they it affects everyone differently and you know there's there's to me there's always this void and you know no matter what words you say they're never enough man I mean that's that's like wow man okay yeah it's like are you kidding me man? At least at least he's left us with not just memories but a lot of technical indicators which is really cool I know a lot of expressions that throughout the day we repeat them you know don't wait wait for a loss to increase just get out when you can it's just the best thing that you can do have your choice so what I wanted to show you is that within the context of all that I look at and I use nine-period moving average 14-period moving averages the MACD that's the moving average convergence divergence the slow stochastic the on-balance volume most importantly what I look at is how prices move down and how if there's a divergence between the indicators and then I also like to look at other areas of the market so what's really fascinating for me is that this little cluster this is on the left side here is the Dow chart okay we have long positions going all the way back from 2020 the low of 2020 we try to keep those and we trade around them and we add to them so on the very short term for subscribers we've been training for quite quite a long time now the three times long Dow and even though the trend has been down we've been able to get some really nice big spikes to the upside and we've gone to profits there and then if we take it out we're taken out of it holds it holds but we treat it as if it's a trading possession so we added a trade we've done it twice now from the very low actually the day before the laughing was last Wednesday 31,000 for 29 but what I really wanted to talk about is you what you're talking about the negativity but what's really important about this is that there's been price movement if you look at the Dow and you see here on yes the 200-period exponential moving average at 32,900 we are still way down the 32,522 so there was a period where the Dow and you can see the weekly chart there was a period where the Dow was absolutely the leader and then it started to pull back and if I show you the S&P you'll see that it's very oops I typed it into the den by mistake let me just do that again you'll see that the S&P right here and I'll show this in my show tomorrow in the Tiger Technicians hour at 10 o'clock I show some of these techniques in greater detail so here's the 200-period moving average this time the S&P is right on the 200-period moving average plus there's these two little trend lines here the green and red I call the Chapman Wave inside track repellent zone how many times look how many times the price has been pulled back from that level if we break above it for whatever reason next week we can get into the 4,000 and 32 area I think that'll be an important breakout but now look at this the QQQ this is the NDX100 the 200-period moving average which was like a magnet before is actually now moving like a propellant to the upside so the 313.38 high that was made the very beginning of February look how nicely the NDX1 this is the daily chart if you look at the week the monthly chart it's not looking good at all but on the daily chart this is good and if you look at the SMH's and I always like to think that the SMH's in many ways kind of a predictor of the general market trend they do very well they actually went above the high of the second of February at 255.64 so I just wanted to put things into into perspective to say this is a very diverse market whereas before we had the Dow leading then the S&P then the Q's this time we've got the Q's that are actually doing very nicely the S&P is actually lagging the Dow's lagging the those two so there when we're looking I don't think this is one market and I think that's the reason why whatever the Fed says tomorrow yes it could impact the financials but I'm starting to see and this is for subscribers we're looking at certain areas I call them under the radar that are starting to work very well besides looking at the market if you look at those sectors if you're able to isolate that isolation can keep you in a trade a lot longer than you you'd expect because they are not as volatile on the market pullback so I think this is a period where stock selectivity is going to be really important it is it has been already and you know I'm always looking for Pd's if you look at the gold that's the fourth highest peak when you start to buy signal to a buy mode gold did that it did that Pd back in February I think was the second and pullback very sharply and we just got that Pd because today is a very sharp pullback so I do see a some digestion there but the weekly chart is in the leg DC if you put it together there is a chance that whatever the Fed does the market can interpret it tomorrow afternoon or Thursday by saying wait a minute this is very selective because maybe the financials find some stability and gold is just telling us that I always think of gold as the place to go to when there's financial crisis and that just might say that at least for the moment we might be able to get through the next few days without any major crisis so I'm looking at both sides of the coin I can see the downside but when I go deeper in I think I'm looking at very selectivity selectively the upside says you know some things are ready very sharp you off the bottom so even if there's a pullback there's still much higher than they were just even a week ago and that I think is important yeah there's this this is always a interesting time as it Chinese would say right because the bottom line is that you know this they save the banks and you know they have to save that's the bottom line there's a great we know that there's a great cost of what they've just done and the cost it'll unfold over a period of time but when you're saving everybody which is really kind of now what they're saying we'll see what happens this is this is a complex period I don't think you need to be very aggressive you don't need to be you don't have to put yourself on the line you put your stops in I think you put your position well we know there's not enough money to save everyone that's a fact so the real question here is is that you know if we have four top banks and you know you think that that's going to be it well then you got to hope without one of the four top banks don't make any bad trades and you never want to get to the position where you've shrunk down to three or four of anything right that's not the way it should be right so tomorrow I'll discuss the night period moving average that David and I discussed so a year ago being great detail we'll do it tomorrow folks it's on 10 o'clock in the morning check it out Basil thanks so much have a great one a safe one thank you time stay right there folks to come right back and 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 published a gold report with coverage 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make the right moves with your money watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors tfnn has just launched their new trading room the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours and now they are expanding their reach with the tiger's den available to all tigers and tiger's for just one dollar for the year there's no catch or added costs when you join our community of traders in the tiger's den you can look over the shoulders of tom o bryan 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 tigers 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 so it's always at your reach to sign up today and become a part of this educational community of traders just visit the front page of tfnn.com 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 to Dow. Dow industrial is right now up to $2.62 nasa except $1.72 s&p's are up $48 check this out folks this is you know this is about like the silicone valley bank knew that they were going out of business listen why do you see this man the stuff that's going to start coming out here is like a pretty amazing okay so the silicone valley bank to insiders tripled tripled check it out to 219 million before it failed okay this is like crazy man this is wow okay as silicone valley bank deteriorated late last year regulators began internally flagging flaws and risk management the lender ended up opened up a credit spittock to one group insiders listen this this is sick loans to offices directors and principal shareholders and their related interest more than tripled from the third quarter of last year to 219 million in the final three months of 2022 now watch how this shakes out this is where this comes it really gets wild the amount of doll loans issued to insiders going back that's a record amount by the way of loans to insiders going back 20 years the surgeon loans to high figure up to the surgeon loans to figures may draw scrutiny of course it's going to be a better draw scrutiny the firm one of three lenders to fail this month collapsed after investors depositors tried to pull 42 billion on a single day now watch here we'll get this the the federal the fed takes enforcement action or refers violators to other regulars if it finds problems with these loans set of spokesmen for the central bank which oversaw svb before it's collapsed before regulators seized silicone valley bank on march 10th it had a reputation as the go-to lender for tech companies in the venture capital firms that seeded it the federal interest rate hikes last year took a toll on the lender whose liquidity was tied up in longer-term government bonds now this is not over because i'm going to show you what's really going on here and the most recent proxy statement silicone valley bank the parent company of silicone valley financial group the parent company of silicone valley bank before it's collapsed said it made loans check it out last year to related parties including companies in which our directors are their affiliated venture funds are beneficial owners of 10 percent of more of the equity securities of such companies the bank issued loans in the normal course of business and with similar interest rates collateral as other customers around the around the same time according to the filing still loans in other categories such as real estate and commercial grew at a much lower rate just over three percent then those issued to the insiders the loans to executives and other figures surged as the bank weakness came to light last year the fed federal examiners identified a critical problem the bank needed how to to improve its tracked interest rate ricks the firm had about 15 billion and unrealized losses the bank also directed its lending business increasingly toward larger borrowers and this is where this comes in let's check this out including private equity and venture capital clients 63 percent of 46.8 billion of the firm's lending portfolio was comprised of loans to clients who received at least 20 million according to the end report so what you have here is this this is what they did they lent money to themselves they lent money to the companies that they own and it gets you know I mean common sense as this is the most most most they did in 20 years guess what they knew they were going down the tubes if they didn't know they were going down the tubes they knew it was going to get pretty close that's pretty intense man and what does happen though okay so that's i'm gonna dial this back again for a second and what i'm gonna dial it back on the way that regional banks work folks is that most regional banks and community banks will open for the founders that do it and there is self-dealing on a continual basis that's that's how the banking business works okay it doesn't supposed to work like that but that's how it works okay you know if you look at any community bank you're gonna see that the community bank they're gonna be in the development business they're gonna be in some business like that okay and because then it's a much easier way in order to get loans at a price that you know will not necessarily tremendously low on interest rates but you get the loan that's that's the that's the key when you start looking at this that's what it comes down to yeah it says as uh you know the the difference is is that the gangsters got to go into a bank with a gun the white collar criminals uh don't have to the bottom line is that you know you just open it up and you say okay baby how are we gonna divvy this up you know and of course i'm making that a lot more facetious than it is but it's the same thing i'm telling you i've seen it a million times man i mean yeah so there's gonna be a lot of trips that are coming down so pitches so even with that bank down the bottom line is that you know they their companies have the money they have the money and then we'll see where the whole rest of this goes some of the high volume equities out here today we take a look at it what we have out here you got first republic is up four and a half bucks you got tesla up 13 advance mic was down 63 and video is up four bucks amazon's at 276 you got uh child swab up 310 google's up three and a half you got a new york community bank that's up 53 cents you know they and was it was also happening too if you go look at a new york community bank right here let's do this new york community bank because when you see this this is like pretty cool um if you if you're the bank this is pretty cool meaning that watch what they go when they took when they took signature folks right signature bank partial takeover by the competitor is no for what it doesn't include it doesn't include 11 billion dollars in loans against the class of new york city apartments whose values have tumbled in recent years they have they have a loan portfolio part of this loan portfolio is 11 billion dollars and they're it's lent folks on a bunch of apartment buildings that uh inside of new york city that you can't raise the rents on and you know they're dead in the water it as one of the uh the advisors say the crystal whale and it's toxic waste and there's no doubt so you know the the we'll see if this gets you know to the taxpayer um but this is something everyone should remember okay uh to the aspect of you know do you really want to stick up for banks and you know in in the aspect of um more or less regulations because one of the one of the mind blows that you know has been in the marketplace after the debacle of 2007 2008 it took about seven or eight ten years it always blows my mind when this is right across the board folks that have nothing to gain whatsoever from banks regulations being tighter than lusa because if someone says that oh oh they're strangling them to banks like that these people pile on says yeah that's terrible they're doing this and doing that it blows my mind man because it's like how do you how do you forget something in the in the course of even 10 years but it happens continually it just happens continually that people stick up for big corporations and the corporations are taking them down it's like are you serious man because they they think that the big corporation itself has something to do with being a republican or re-independent democrat like folks you gotta think that true you know don't go protect someone that has nothing to do with you particularly yeah it doesn't even make any sense now that was up 277 nazics up 180 s and p's are up 50 stay right there folks are coming right back if you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter you should try tom yo brian 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 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 basal 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 and stock prices get the opening call newsletter by basal 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 biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or labd directions daily s and p biotech three times bull and bear etfs visit direction investments dot com slash biotech 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 foresight fund services LLC tfnn has launched the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours the tiger's den available to all tigers and tigers for just one dollar for the year there's no catch or added costs when you join our community of traders sign up today and become a part of this educational community of traders just visit the front page of tfnn.com this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz welcome back folks to dow dow industry is up 313 asex up 193 sps are up 56 we had a couple questions and what the question is that these are these are great questions because it's like you know if you have more than 250 grand in a bank in one account okay the bottom line is that then you are susceptible to basically losing that money if the bank goes down that being said i don't see you know everything going out of business so if you're in the light with the with the fed and treasuries trying to do right now is have the money stick in regional banks instead of basically going to the bigger banks because everyone knows that the bigger banks the probability of the bigger banks not getting covered by the fed of the treasury probably you know much higher than a regional right so if you're if you're at a morgan stanley if you're at a goldman if you're at a city group if you're at a bank of america if you're at a walls fargo um you know that's really the only place that i would say that your probability of not losing money which over over you know 250 grand um is a much better probability and as one of our tiger says it's 500 000 if you're married with a joint account so what you absolutely want to understand is that when yellen comes out and says that don't worry you know we're going to have you all covered well she can't do that that's the there's not the way our banking system is set up folks okay is this is that it's a a fiat system that everyone businesses have to go bankrupt and we have to have these downdrafts because when you do the math behind it it's impossible mathematically it's impossible that you can have leverage 10 to 1 leverage and we give up under the bank they get 10 to 1 leverage it's absolutely impossible that you don't have white boats that's that's the system that we're in okay so in that context it's absolutely impossible that she can turn around and say that when in fact we know the lawmakers okay that that's not the law the law is 250 000 so let's pitch this i give a i'll give a scenario the scenario would be that a couple of the big banks okay watch this couple of the big banks basically get in trouble right and then three or four of the regional banks are in trouble also now if the fed or the treasury comes out says okay we're going to guarantee all of it right what would happen immediately is that our note and bond market would get imploded so they wouldn't do that that's my take on it there's no way what they would do they'd wipe out the regional banks that's how it would go and it's happened before they listen we that Lehman moment folks okay was and that's why that uh dick i forgot his last name that's why we so flipped out like i can't believe it you're saving everyone else want to save me well they just decided that they're gonna get a burn someone so you know the key to this is to stay with the bigger banks that's the bottom line you know so i don't think it's going to stop and as i said yesterday i think fluid thanks you thanks man dick fluid so i think what you we're gonna see i mean if i go back watch okay so 1998 and at 1998 um that's the first that was uh long-term capital then you had the 2007 and we're 2023 right let's like every 15 years and what probably will end up happening is that that time frame will keep going down and down and down level you know at small levels you know maybe it will maybe it won't but i suspect that when you have when you have to be between 12 and 15 years in this cycle in general those seems to be the cycles that you know basically our economy goes on meaning and what what tends to happen and what's going to happen now that's why when people say that okay we're going to come into a recession if you haven't been through this before what ends up happening is that banks themselves immediately will start lending less money and that this is the mind blow because we're not there yet but let's say that we get into a recession and you're going down and the prices are less expensive that's when the bank should be lending money because they they lent a million let's say that's it's they meant let the million dollars at the height of the market right now and then the asset goes down to 700 000 well then they won't even lend on the 700 000 that's what that's so convoluted about the system that we're actually in but that's the way it works and that's why you see at the bottoms of recessions why whether it's funds whether it's individuals if they have any cash they can make a much higher rate of return because the fact that the matter is is that that's when you're buying there's not as much lending going on but if you can buy in then all of a sudden they start loosening up i'll use the same thing with 700 000 then you go to 8 850 oh they banks that lends a little bit more they get to a million oh they're not gonna lend and lend and lend that's how our system works man you know so it's the aspect of uh being safe err i would say that you know the big banks are where it's at man you know and yeah and it's sad for the small banks sad for some of the small banks not gonna feel bad for a bank i'll tell you that man because the bottom line is that you know silicone valley bank um yeah that what you're talking about inside is now this this statement cat kathy wood man i wish i heard this i knew she was coming on bloomberg but listen to this one you're gonna love this one especially world traders kathy wood sees a silver lining and her two billion dollars in losses okay kathy wood highlighted one silver lining and her brutal run uh exchange traded funds through last year those billions of dollars and losses will help offset future tax gains well first off how does she know she's not having to gains the founder chief executive officer of our investment told bloomberg tv she has over two billion losses from selling stocks during the market route by selling stocks at a loss those losses can now lower or potentially offset the tax the tax bill woods funds could receive on future capital gains this is like freaking kind of god man blows my mind man i'm telling you you know if she's hearing me i i there's this there's the still house folks she hangs at the still house the still house is actually where i develop and palmetto park and it's so weird man i mean it's like okay it's over two billion right now which against we can take further gains and then concentrate towards the highest conviction names listen you know but the bottom line is is that in her case guess what they just keep plowing money into it would explain that her a flagship fund fell from february 2020 high it reduced its holdings from more than 50 to just 28 stocks selling stocks at a loss to offset a portfolio gain is a popular strategy used during market downturns to soften the blow on the road yeah give me a break two billion you know anyway you know the the sad part about this is that we are definitely in a um air that probably a lot of younger people that are just getting into the market believe this crap okay because the bottom line is that yeah we know we all get losses but you know that's not good good thing it's not a good thing to have a loss and then oh i'm going to make more money in the future so you know it's going to go against those losses it's you know it's it's insane that's what it actually is um yeah wow dow dow is up 303 nasaq's up 192 s&p's up 55 stay right there folks you come right back are you looking for a way to consistently add winning trades to your portfolio tom o brian is here to help tom o brian has been successfully trading markets for over 30 years a frequent contributor to td ameritrade network and cnbc tom o brian found a 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 brian'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 you might think that if you 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that's tfnn.com then hit watch tiger tv welcome back folks uh doubt does up 316 as except 191 sps up 55 and we have a question about credit unions credit unions folks are awesome beyond belief okay um the the way that credit unions got put together okay our work is getting together so that they can take care of their constituents that's the bottom line okay so there's a there's a huge difference between our credit union and regional banks okay community banks are close community banks should have been like that okay but my take on credit unions is that they're awesome okay um that's the bottom line because what what tends to happen is that we're a credit union let's say that you know whatever profession you're in whatever that type of credit unit is you need a car you need it you get your house fixed up there to me they're in a whole different ball game that's how it was supposed to be by the way okay that's a community bank supposed to be you know regionals are a little bit bigger but that's how it's supposed to be you get a bunch of people that are together they pull their money and they turn around and then they help each other i'll give you a perfect instance of why i saw this myself because i did a huge amount of business with the vietnamese when they first came over here i had i had shops all over the country this was 1980 okay and the way they work check this out man this is amazing i saw it myself they would come in families and you open a restaurant they would pull all the money in okay and they just give it to the person to open the restaurant and bottom line they paid it they paid money back okay and a bigger context that is how credit unions work and they still work that way okay so the bottom line is that yeah it's the 250 grand maybe they get you know up it but the bottom line is that i would say credit unions are in a whole different ballgame than regionals community banks are close they're probably community banks as i i said a little bit earlier is that you know whether it's the developer the opening and all that there's a lot of inside of taking that's the bottom line so it looks like what we're gonna have here you're gonna have higher prices you're gonna have less volume uh it's gonna be a nice tomorrow because it's uh this thing's gonna get spiked always remember folks the back and claw your heart out the bull can run you over and thank god there's always another trade health app is in prosperity you have a great night have a safe night come visit tom in the morning kicks us off 9 a.m and then we're gonna have the fed announcement at 2 and how old beyond at 2 30 have a great one folks have a safe one oh yeah i'll get them folks