 The following is a presentation of TFNN the morning market kickoff With your host Tommy O'Brien Good Monday morning everybody. I'm Tommy O'Brien coming alive from TFNN Monday morning 906 a.m. We got 24 minutes to go until the start of trading bringing things to a short-term time frame on a 15 minute chart You have the S&Ps right now. You're positive by more than a percent 1.1 percent right now Up 46 points trading at 41 53 of the Nasdaq 100 up a hundred ninety three ninety three points 12,743 Dow up 271 Russell up 21 points right now Bitcoin up almost $2,000 from where you were trading on Friday things getting a little dicey on Friday right back to that price level Just below 29,500 we bounce what I'll say about Bitcoin though All you're doing is you're chopping around basically at the highs of last week from where you traded the better part of Tuesday Wednesday you fell out of bed on Wednesday. We'll see how Bitcoin behaves this week You get the gold contract right now Positive by $5 at 1855. How about crude holding pretty well at about 120 bucks. You're at 119 19 right now That's up from 111 on Thursday. You take a look at crude on a daily basis That's higher prices folks We are up to levels that you've only seen on a few days as in above 120 dollars We're trading 119 22 right now on the price of crude as I mentioned gold's up a few dollars right now you have Silver up 54 cents back to the highs that we had on Friday on silver 2245 and you jump to notes and bonds We have a little bit of lower price and higher yield the tenure 2.98 percent right at the lows of Friday basically 1 18 12 the lowest Friday 1 18 11 in terms of where you were we jump over the volatility index the VIX this morning We kick off with positive action Interesting when you look at how the VIX is applied But I think that's yeah, the VIX doesn't move until we open so that's as of right Probably if it's based on the volatility premiums now, it looks like it's positive. I Think that's no it is ticking around. Yes or 2507 I was gonna say you'd expect maybe a little bit of a pullback with the markets up one plus percent right now But not happening. All right, we jump around to what's happening on Monday Amazon these charts might do some funky things. I'm not sure how they react. Maybe it reacts on the day of but Amazon They are splitting and they're splitting. Let me get this line off here because it's gonna make no sense right now and Back up. Let's put this thing on a daily. What's going on? Okay, so they've already recalibrated the price here even though they have a close of 2447 So it's the Amazon splits 24 one at the open today Closed at 2447 that would have correlated to a price of about 120 235 and Amazon's gonna open up about two and a half percent 125 30 and That would be akin right so you got 20 shares now So you multiply the move by 20 Amazon's up $3 Amazon would be up $60 So you'd be opening over 2500 right now for Amazon, which is why you're opening over 125 For the price of 20 shares be interesting to see how they trades when you put it on a 20 for one basis Got up to 180 865. Is that the all-time high now? See it gets weird when you put it on a weekly for some reason daily. Okay daily sex us back 180 865 I think that was the high. Let me see if I put it on a five-year daily Yeah, 180 865 chopped around between 160 and 180 for a while And then bam you talk about falling out of bed November 19th You're trading at 180 811 and you almost got under a hundred So we have a low recently on Amazon of 101 26 you're gonna open at 125 this morning We jump over to some of the China stocks. So did he Closed at 185 this thing has been a wreck this almost began the slide to a real acceleration of price deterioration with China But this morning looks like the investigation is gonna get wrapped up and we'll jump over to some of the articles But check out that move Europe what $1.30 on the dollar 80 stock says 60% acceleration a little bit of optimism potentially over in China Baba gets a lift from about 93 to 100 JD is up from about 56 to 60 So let's jump over to that one The worst may be over for China stocks with tech probes and in sight the journal says the probe of diddy and others to conclude There's gonna be some hefty fines But the prospect of end to tighter regulations removes the drag on some of those stocks now Keep in mind the devastation that we just saw in those equities. They are up 60% But percentages of small numbers can be deceiving. I like to say and when your stock tanks from 18 bucks to a dollar 80 Yes, you can get some large percentage moves higher yet Still be sitting at basically pennies on the dollar So they talk about how it's up on the potential news that they are about to conclude The investigation. There's gonna be fines that come in Nonetheless, they all trade higher we jump to our markets Morgan Stanley sees earnings risks weighing on stock surprise surprise The risks folks they are out there some companies managing it better than others Company slow to guide down in the absence absence of recession is Morgan Stanley Says a bear market may end in the next earning season. We'll see man It's gonna be interesting to see how this plays out. We got a Fed meeting next week folks so you get towards the end of this week and We're gonna have a Meeting February 14th and 15th. I believe in so a week from Wednesday We get that news in terms of Fed bringing 50 basis points. We'll see what they have to say I imagine they have a couple meetings At least this meeting where they're saying, you know, listen, this is our plan We got to go forward with at least two three cuts Even if they're not saying it outright They got to have some room for the market to respond to what they're doing before they Get too short-sighted and change their approach if that's what they believe is gonna work 50 basis points. We'll see what they have to say but that comes a week from Wednesday Yeah, I guess we got to jump over to the news pretty wild that it wouldn't be a Monday morning unless Elon Musk was making headlines with his Twitter motives Accuses Twitter of resisting and thwarting his right to information on fake Accounts. I mean folks, there's takeovers all the time. Okay The legality of that is always in question. I'm sure how much information you have access to before You're able to purchase that company or bring it public and I think he's talking about spam. I heard as I was getting ready to come on the air Something to that degree nonetheless Twitter shares Tanking this morning from 40 50. You're down $3. You're down. What 78% right now to 37 76 the price for the buyouts like 54 So smart money not putting a lot of faith in mr. Musk here, you know, you want to you want to take a gamble You want to buy some powerball tickets? You can bank on Elon buying this thing at $54 right now But I imagine if it gets done, it's not getting done at $54 If it gets done and that's a far cry and the market right now sitting at 37 Think about the risk-reward scenario folks in this in this if it gets done at 54 You're sitting at 37 so you're talking about a 50% upside appreciation if that deal gets done, right? No, nobody's even willing to take that risk at $37 for Twitter. They are but that's where the market sits So and we jump over. Let's see how Tesla's reacting have not jumped over to Tesla with the market positive I'm guessing they may be yeah, they're up to 30 bucks not really hit too much. I guess From that news of Twitter. You're positive with the market to about 730 S&P's up about 48 points right now highs of last week futures made it to 4202 last Sunday night But intro week trading you got there about Thursday just above 41 80 we open the week at about 41 55 Stay tuned folks. We'll go over what else we have happening this week Time of booming inflation. We are purchasing powers eroded. There's no better place to protect your hard-earned money than a gold This the golds flagship asset is the Monk Todd gold project in the northern territory of Australia This is Australia's largest unveloped gold project. 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All of this combined with the approvals of all major operational as well as environmental permits This the Singletons Mount Todd is an attractive dearest pot ready development stage gold project This the gold trades on the New York Stock Exchange and the symbol VGZ Everything in the universe is governed by the Fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the Fibonacci 24 7 newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks You need to pay attention to and you can trust Larry's analysis after all He's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from Larry on market movement You need to act on at any time first-time subscribers also get a 30-day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the Fibonacci 24 7 newsletter today tfnn.com educating investors Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 finishing at number two for the year an Amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market Newsletter mastering probability and you'll receive access to seven of Steve's educational webinars Absolutely free at TFNM 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 TFNM educating investors Welcome back folks We have the S&P's right now positive by 46 points NASDAQ 100 positive by 195 jumping back to Amazon for a moment so Amazon right now you're trading up about three dollars this chart little funky as to how You look at it. What do I have it up here when it loads initially that's because I somehow have a print of 2,500 But it's trading at 125. Let's reset that chart. Nope. That's not going to do it What do I got to do size of town auto zoom it It's giving me some problems. That's a weekly Unfortunately, it's not clicking. I did have it up earlier We'll see maybe why that high is showing up so Amazon closed at 120 juice and change Yeah, maybe only open it will recalibrate There we go There we go So this does not have the 15 minute action, but maybe it can bring it in so this is the 24-1 stock split now It's just reading it. I'll pull up the article that just put me back. Let's okay. There's your daily So when Amazon was thinking about their stock split, okay, I forget the day that they actually announced it Maybe it was back in here in March when you got some acceleration with the market There's a pop on that news potentially. I Can look it up, but Amazon was envisioning a world where they were pushing 190 Even for a 24-1 basis remember they got up to 3,800 Right 3,883. I think is the high pre split on Amazon. So when you go 20 for one They're probably envisioning a $200 $250 share price if the price it keeps appreciating because they were already almost at $200 when they were going to split Well, you almost got it for $99 folks only a few days back on that type of comparison when Amazon almost traded under 2000 Amazon did not envision a 50% pullback When they were thinking about splitting 20 for one within the span of literally almost a few months So the article that I was reading back here See if I could pull it up Now the headline they get more than they bargained for something delivers more than bargained for for 20 to 1 and one thing They do talk about is some of these equities that were far outside of being in the Dow Jones industrial average because it's price-weighted So you're competing with stocks. They're sometimes trading at $50 and $40 if you ever put a stock at 2000 or 3000 or 4000 like Amazon in the Dow Jones industrial average that stock would dictate the entire Average of that entire 30 stock index now That just points to how skewed they're the way that they calculate the index is more than it should eliminate Amazon but what this does talk about is that It creates the opportunity to potentially put them into the Dow Which I hadn't even considered because they're trading at 100 120 dollars. They're equities far over that price I believe that are trading in the Dow Jones industrial average And you have splits all over the place Shopify has a split going on I think 10 for one Google has a split coming up as well Tesla Of course led things off Apple has a split as well Apple and Tesla one of the first one. I think Apple was one of the first ones that was able to do that But it'd be interesting to see how that plays out Scrolling back up to here. So Goldman Says the US economy remain remains on a narrow path to a soft landing The one thing they do say in similar to what I was just talking about is that the next couple meetings are Basically on a path. So we'll get down to What they talk about three to three and a quarter percent is the terminal Funds rate that they forecast and have said that they see hikes of 50 basis points likely in the feds next two meetings The first one being next week Further off they said September is a close call between increases of 25 and 50 in the near in terms of near term Communication there is little incentive for Fed officials to deviate from their relatively hawkish framing of the last few months I would agree there. They need to give it some time. So don't look for any huge surprises on this meeting I think the market would be aware of that as well They are definitely on a path with this meeting next weekend next meeting next month giving it some time For their approach to actually have an impact in the market. We get that meeting next week. Nonetheless, there'll be some volatility potentially There'll be some meaning Volatility on a press conference as always but chairman Powell. I'm sure he has his message ready in terms of what he'll become with The one thing I did want to talk about in this article up here though is that they're talking about Whether it's non-farm payrolls and you look where we are from pandemic levels To pre-pandemic levels were almost back up there were still below in terms of the gross number Or maybe net number right the headline number in terms of how many total jobs non-farm payroll were almost back to pre-pandemic levels But look at the household Plus non-profit deposits and currency That's a number that's at four trillion dollars. We came into the pandemic at like one and a half trillion dollars I mean they talk about a strong balance sheet for consumers. Yeah They could Help this economy would stand what's coming. It's a very small narrow window folks because what happened last week With the non-farm payroll number on Friday To zoom in on the action Here's Friday's action for a brief moment we traded up to 41 60 I Think I was listening to Bloomberg at the time to get the report They kept using the term Goldilocks and it wasn't their news. It was the analysts whatever it was It was a very good report in terms of not being that bad but not being too hot cooling off a bit There's this very small sweet spot. Okay, and an article up here From this author which I enjoy John authors the path to a soft landing is getting a little easier It isn't inevitable that policymakers will crash the economy in their efforts to bring down inflation even though the task remains friend Friendlish friend friendish fiendishly. There we go fiendishly difficult and he makes the case in here When you talk about ISM Surveys remain consistent with the start soft landing and a number of different data in here in terms of labor mark strength We were looking at unemployment is still slightly higher than before the pandemic There is an avenue to it folks But you got a factor in the risks of not getting there as well Which is definitely possible in this market and we find out though in like two or three months whether what the Fed is really doing is Having an impact whether the supply chain issues are becoming unclogged and helping this market the one thing that's a little bit of a sticker price shock is that When you get eight or nine percent inflation throughout the year We all kind of understand it But I think our brains aren't calibrated and many people don't understand it and that they want inflation to go away right But inflation going away doesn't lead back to prices Before inflation set in because inflation is judged on a year-over-year basis. So inflation going away It's just the current prices that are existing being sustained and Those are relatively high prices in this market and I don't think they're going anywhere And that presents a risk a little bit to the economy wages rising what 5.2 percent year-over-year I think last year it'll be interesting to see what happens to wages as Inflation Differs from where it's at right now. Does it stay where it is? Could it ever heat up again? Does inflation come down? Wages obviously play an important part of that But wages were really delayed in things Maybe wages are gonna have to play catch up and maybe wages are gonna remain hot even as inflation and supply chain issues Sustained well, what happens if wages remaining hot? Right starts weighing on Inflationary tendencies as supply chain issues start to ease so you have supply chain issues easing You have wages that weren't able to catch up in a very very strong labor market. I could easily see wages playing catch up and They rightfully should play catch up and the data with the jobs opening could easily give them that room to play catch up which could all into a Another impact on inflation coming off the heels of a supply chain issue that may be easing. It's a tough road for the Fed and We get to find out in the next two three or four months because the comps were running against last year for inflation We should see some easing numbers. Stay tuned folks We'll be right back for the trading week to open if you want to take advantage of this sector now is the time to subscribe to my Gold report the gold report is a comprehensive look at the metal sector as well as the markets that move gold Which is the currency and bond markets new subscribers get a 30-day money back guarantee So you have nothing to lose every Monday morning. I published a gold report with coverage of gold silver bonds the XAU HUI GDX as well as more than 30 different mining equities To see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting Tfnn.com don't miss out on the next great gold trade sign up today Tfnn has just launched their new trading room the Tigers 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 Tigers Den available to all Tigers and Tigris's for just one dollar for the year There's no catch or added costs when you join our community of traders in the Tigers Den You can look over the shoulders of Tom O'Brien and the other Tfnn hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas interact with other Tigers and Tigris's as they share trading ideas news analysis and discuss the market action all Trading day even at night and on the weekends the Tigers Den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of Tfnn.com Tom O'Brien has just announced a live timing the trade webinar Friday, June 10th from 9 a.m It's a 2 p.m. Eastern time join Tom O'Brien for five hours of live education as he teaches you his trading methodology Right from his best-selling book the art of timing the trade your ultimate trading mastery system in this live webinar Tom O'Brien will be teaching you his entire trading system including quality volume ABC structures Fibonacci confluence zones cause-and-effect swing points and more we will be limiting this class to 40 attendees So please do not delay and reserve your seat today for this special live event with Tom O'Brien All attendees will also receive a physical copy of his book the art of timing the trade an $88 value mail to you along with the free month of his daily newsletter market insights a $169 value for all the details and to reserve your seat today visit the front page of TFNN.com TFNN educating investors This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of TFNN.com Welcome back folks We are the S&Ps open up the trading week right now up 45 points You're trading at 41 53 the Nasdaq 100 up 200 right now You have the Dow up 225 the Russell up 20 we jump to Amazon Yeah, these charts I guess it's not gonna load on a 15 minute for some reason but on a daily It's loading for me right now. You're up 2.2 percent right now on Amazon shares trading at 125 71 You're up $2.37 and remember you got to multiply that times 20 So you're trading up about $50 for the price of Amazon if you were still trading it about that I think it closed it just under $2,500 on Friday Amazon right now up 2% Let's see how some of the other fang stocks are trading We jumped to Microsoft shares up more than 1% you get the Nasdaq 100 up 1.5% right now Apple shares Do they have their worldwide developer conference going on today? I think they may Apple up 1.6% right now. We jump over to Tesla shares Tesla gets a little lift up 4% right now Let's see how Twitter is faring down 5.1% catches a little bit of a lift off the lows for Twitter trading at 38 11 and we jumped to some of the airlines as spirit was spirit Save that's right So they got a sweetened bid from JetBlue this morning up 4.3% JetBlue man They're positive by 8 10th percent. I gave it almost a chuckle. They have just been getting punished my friends have chats JetBlue is a huge hub in Boston and One of my friends actually books multiple Tickets when he's flying for work, especially he's got to be there because he's had so many problems with JetBlue So he'll book a JetBlue fight and another flight He makes sure he can Cancel and at least use the money for the other flight on the other airline and as recently as a month ago He did that He's at the airport or it's two or three hours out. Whatever it is JetBlue flight looks good He says okay, I'm gonna cancel the other flight cancels the other flight JetBlue flight gets delayed by like four or five hours right away They have a big problem whether it's hiring whether it's pilots whether it's People helping you on the plane some level of their issues going on and it's probably a human capital issue and They're sitting at 1053 right now. So to get into their deal Spirit jumped after JetBlue is gonna increase its breakup fee for the deal to 350 million and pay part of that as a dividend if the deal is consummated increasing the value to 3150 per share so you have save to jump back to Trading at 2148 quite a far cry from the prices. They're talking about man So we'll see if the market thinks that's gonna get done. Yeah, I mentioned all the China stocks trading dramatically higher Maybe they become investable again if those investigations are over. I have no action in China folks So speaking from person from a person that's not willing to put any dollars right now risk in any of those I Will say that my fundamental view of China is that She wants to control everything but in order to control everything and to keep his people at bay They need to have economic growth and these are the companies are gonna provide economic growth So he's not gonna tank them into completion. I'm not sure they're gonna be trading over in our indices or what it is Are how they're going to exist? But he's basically smack them all down and now maybe it's trying to let them grow again and they do need to exist It's not something that they're just gonna Clamp them down and not let them have the success that they've had so we'll see how that one plays out Other stocks with action. So we have some S&P rebalancing Curric doctor pepper, they're gonna be added to the S&P 500 index prior to the open on January 21st on Semiconductor and real estate investment trust the ICI properties Curric dramatically higher. I mean, you know, there's nothing better than being in the S&P 500 folks folks In terms of being added to indexes Europe 5.2 percent. You're back to where you were a couple weeks ago We have highs recently at about thirty eight dollars for Curric doctor pepper And then on the other side of that under armor is among those being replaced in the S&P 500 They're gonna move to the mid cap 400 along with laser make where IPG Under armor trading lower you a a is their symbol check out that chart So you're trading flat They were lower they're flat with the S&P's positive by more than 1% but taking a look at this chart on the long term Yeah, be careful of this woman. I mean you're talking about trading basically at lows of the prepent the pandemic Yes, you did make a low of seven dollars But this thing chopped around basically between eight bucks and eleven dollars and you're trading at eleven dollars right now for under armor Let's check around to some of the other airlines right now united up 1.5 percent All these stocks man. Just so so near the lows basically, I mean check out United You're trading at the same prices that you were at in June of 2020 think about then yes You got quite an acceleration in these airlines But travel is decimated you're trading at the same prices crude trading at 120. That's a big factor of them trying to make money I'm sure Delta Trading it right at the 382 of the entire move from 17 to 52 So Delta a little bit better than where United is there American was the other one I was jumped into So Americans sitting basically at the 618 of that move they've had some real volatility recently American and then we jumped to Southwest Domestically you see the domestic fairing a little better Up to 44 well off the lows he had jet blue not the case though as they've mismanaged things probably Yes, so it is the worldwide developers conference today They've they're well off the highs and I think they have a couple what they're gonna turn the iPad I saw it into Or iPad nano maybe into more of a laptop does seem like they have a lot of products man And I know they make so much money off of all these products But at some point I keep saying to myself and I am a huge Apple fan folks I got an Apple phone right here I don't know my Apple watch on but my Apple watch is right here getting charged which I love wearing outside I did have an Apple tablet That was about 10 years ago and probably I haven't used it in a few years So it's kind of just out of whack, but I can't keep track of all the The products in which one would best suit me right if I want a laptop I know the MacBook Pro was like the powerhouse if I'm gonna do some real work or even some Creative work or music production or film production video production with TFNN, but they just have so many products now would They've been so good at Is is trimming their products where you have one segment for each thing and maybe a couple products that suit every person I mean, that's what almost brought this company down Before Steve Jobs came back is they had too many products What do you come back and trim it to you know one computer one this one that a personal computer a business computer and Something else and that's how the company took off originally Apple though up 1.5 percent the market getting a little soft from where you are in the open We jumped out of commodities. You get the gold contract right now up above four bucks at 1854 Gold is continuing to chop around it's been tough market in that gold market crude 1955 right now for the price accrued and we jumped to the notes and bonds Sitting at almost 3% right now as we have a Fed meeting next week And look at where we've been right putting things on the daily. I Mean you just dropped from 120. Oh nine We're down almost two full points from where we're trading May 25th, and you're basically within a point of the Recent lows of one seventeen oh eight and that's what the Fed meeting coming up as I said next Tuesday and Wednesday, and we're gonna get 50 basis points and Boy, we start seeing those securities roll off as well I talked about June June's the first month that you're gonna see those numbers roll off in terms of tens of billions of dollars of the Fed having Treasury securities and mortgage-backed securities rolling off that they won't be investing And that begins happening this week, so we'll see how that hits that market as well All right, we get the S&P's folks up 36 points right now. We get the NASDAQ up 160 We get the Dow up 174 when we come back We're gonna talk a little bit about my dad's time of the trade methodology webinar coming up on Wednesday great time in the market he'll be going over his entire trading methodology folks you get his newsletter you get his book and Sign up because right when you sign up you start getting his newsletter folks Okay, and you get that newsletter for a month after the webinar So you get a little bit extra time if you sign up now check it out We'll be right back are you in the market for buying or selling real estate in the Bay area? 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We get the S&P's up 46 right now the Dow up 241 the Nasdaq up 192 You take a look at this thing on a weekly basis from 2174 to 4808. We're sitting right now at 4155 Gotta love the beauty of Fibonacci's folks. You take this percentage wise. I mean you talk about bouncing Literally almost to the tick just lining this up by I but I'm talking about a 382 level of 3802 And what do we got for the exact low there? 3807 about five points away from that low in the 382. We're currently sitting near that 236 But not far off in terms of where this has been that is the S&P's Nasdaq You make it to almost the exact 50% let me get this Fibonacci off here for some clarity So keep these on your radar folks Okay, because they are levels that matter and what I'd say about the Nasdaq is that you are back to the 382 Okay, which we'll see if that acts in there as an area of resistance in the Nasdaq We jump back to Amazon on the first day. They're trading 20 for one You're up 2.1 percent for Amazon shares trading at 125 85 this morning So back to my dad's webinar going on Friday So it'll be all day 9 a.m. Till 2 p.m. Eastern time so five hours. There'll be a half hour break for lunch It'll be a three-hour session in the morning 9 a.m. Till noon You come back for an hour and a half in the afternoon from 12 30 till 2 you get his newsletter for a month market insights That's a hundred and sixty nine dollars folks. You get his book physically mailed to you. That's eighty eight dollar value on Amazon That is what the book costs and you get the webinar the cost two hundred ninety five dollars It'll be archived all of it will be archived if you can't attend live It is in our tiger's dad discord room great piece of software that we have going on with the den So you'll be in there with the other traders go into this seminar You'll be able to chat you'll be able to follow along with Tom screen and it's a great value folks It'll be Friday going on And as I mentioned you get market insights for a month But the way we're doing it is the moment you sign up you get market insights And everybody is going to get market insights for one month from then from Friday on So you'll get it through July 10th. Okay, so if you sign up right now You get it for a month and a week almost you signed up for those that signed up already You're already subscribed to market insights as I'm sure you know and so that will run through July 10th We will close this folks on Thursday. All right. Hey, it's amazing. How many orders we get? Leading up to an event and it makes sense man, right People might not know that they're available. They might be a little bit on the fence They're not sure of maybe their schedule. Maybe that Friday. Maybe they have kids Maybe they have work whatever it is Thursday presents itself. They say, okay. I have the option. I can go It's something I want to do. I find it I'm convinced that there's enough value there at 295 plus a newsletter plus a book point being we get a lot of sign ups in The last day I would love to keep it open for the last day The problem is is that we get so many sign ups leading up to the actual minute that it opens That it's very difficult to get those people in the room and happy if they're completely new to TFNN If you're already in the tiger stand if you sign up the orders processed everything's there immediately But we do need to get you in the discord server room Okay, and that just takes a few ticks at clicks of the button as well But we are going to close this Right after Tom show on Thursday. So we're going to be around of course working Thursday Thursday night We want to make sure we see every order that comes in before we leave on Thursday night to make sure That we're not showing up on Friday morning and need to help anybody at the last minute. So check that out on the front page Excuse me, and if you plan on going there's your incentive to sign up now We are going to cap it at 40 if we get there, but you start getting the newsletter immediately He's got a new newsletter out this morning Every day at 9 30 and you get the book mail T as well and then you get Friday's webinar So it should be a good one with the market having a little bit of volatility in both directions right now The S&P's pulling back a bit That's my weird Amazon chart. We get some volatility kick things off man. Look at these five-minute bars. That's a 10-point S&P bar That's a 15-point S&P bar right there and already we're at about a 10-point S&P bar here We're treating it 41 46 so far this morning. All right jumping around what else I have pulled up here We have as I jump around yes Bitcoin. Okay So as I was talking about China stocks Who's talking about they got no Bitcoin in there somebody Bitcoin miners are selling tokens as prices linger near lows now They should say are transferring tokens to exchanges and they make the distinction Okay, but they may not be selling they probably are but you got to understand actually what the data says Flow from miners to exchanges seen as indicative of more sales new miners They counted on higher prices may face liquidations so you have these huge crypto mining companies and miners transferred about a hundred and ninety five thousand six hundred and sixty three coins to Exchanges in May the biggest monthly increase since January according to data from coin metrics Based on Bitcoin's average of about thirty two thousand dollars in May the total value six point three billion dollars Now they're just moving that to exchanges Okay, the number does not necessarily mean miners are selling that many tokens since some miners would put their coins in exchanges for other Transactions and not sell very possible, but in general you transfer them to the exchange if maybe you want to liquidate that position It makes sense right it is interesting how you can see how markets beneath can be manipulated though, right? You would never want to tank the market yourself by indicating you're selling when you're not but miners transferring tokens to exchanges Could in itself be a bearish indicator bringing the market down. Meanwhile, they wouldn't even be selling Sellers include publicly traded miners such as riot blockchain They had served as a proxy for equity investors. The token has dropped about 35 percent this year One person here From compass mining. I think miners are just talking about the macro environment It's probably proven to sell Bitcoin at these levels in order to keep the operation safe It's just like company spokes. It's just like Jade Jamie Diamond talking about preparing for a storm They're not sure where this market's going. They need money to be in business More large-scale public miners have become cash-strapped as it's become harder to raise capital through debt or stock sales during a recent bear market Really interesting, right? So negative breeds negative in terms of if you've got miners now that instead of believing in this raising capital Not just selling everything that they have all of a sudden what you're doing is you're basically getting liquid Releasing those assets to make sure if this market tanks even further. You're not the one holding the bag of Bitcoin That's worth ten thousand dollars The flow data tracking transactions between miners and exchanges is one of the best proxies for sales of mine coins But it has its limitations the data includes digital wallets from major exchanges such as Binance and Gemini It does not have data from Coinbase Due to the biggest US exchange is wallet design That's quite a flaw in the data Some of the miners also opt to liquidate their crypto holdings through over-the-counter trading desks whose trading data is typically not public so There's a lot of ways that data could not represent all of that But I would pay attention when you have that transfer for the largest transfer since January and You have the market it would make sense that you have some of these companies Needing to make sure if they can't go to the public markets for money that maybe they don't Get less than thirty thousand right now because that's the difference of them being in existence and not being in existence That's what riot blockchain looks like. Okay, you're not back to where we were when Bitcoin was at thirty thousand folks You're at six dollars and thirty one cents. Okay when this thing took off you were trading at four dollars and twelve cents You almost give it all back now Bitcoin for comparison You're still sitting where you were last year. I talk about the same thing with Coinbase. Okay? Bitcoin ever goes back to where it was in October or September of 2020 10,000 Very real chance that people stop trading crypto to the point that Coinbase has trouble existing at least of their current structure and Riot seems like that's definitely going back to a few dollars if not They too folks will be right back to finish up the show Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure but you also need excellent instruction from experts at TFNN You'll get advice and guidance from the authority and technical market analysis and it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every market day from 8 30 a.m. To 4 p.m. Eastern for free each host is an experienced trader and gives their take on the market while taking calls and questions live from around the World from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts to help You 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 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 and stock prices get the opening call newsletter by Basil Chapman in your Inbox every day first time subscribers also get a 30-day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up TFNN.com educating investors Everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing Artwork to patterns in the stock market to stay on top of stock patterns You can take advantage of sign up for the Fibonacci 24-7 newsletter at TFNN.com when you subscribe You'll get a weekly report from veteran day trader Larry Pezzavento on stocks You need to pay attention to and you can trust Larry's analysis after all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from Larry on market movement You need to act on at any time first time subscribers also get a 30-day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the Fibonacci 24-7 newsletter today DFNN.com educating investors This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of TFNN.com Welcome back folks. We have the S&Ps right now up by 37 points We give back some of the game that we had overnight. You're trading right now at 41 43 That's on a 15 minute on a one-minute basis just to see the volatility since we've opened you got up to 41 56 We're trading right near the lows that we've been trading at for the last 24 minutes since the opening bell 41 43 made it just below 41 40 at one point in that market NASDAQ up 160 we jump to Amazon be interesting to see how they finish the day Amazon now above 126 yeah, it'll be really interesting to see if some of these companies Google's gonna be splitting Shopify Apple already split all of them trading much lower than they envisioned They'd probably be trading when they were splitting Originally the Amazon got to put it on a daily to see the move you're up 2.3 percent right now We're gonna be coming right into this gap from their last earnings That would put you the gap at about 130 you're trading at 126 right now and out of curiosity from this entire move lower And what a move lower right? $70 move lower and Realistically you got to multiply that times 20 Almost to get what we're used to which would be a $1,400 move Amazon that 3a2 127 86 we're gonna bump up against that level right as we bump up against this gap that you gap lower on their last earnings for Amazon and remember Amazon part of the reason they gap lower and continued lower They said that they may have problems this coming quarter that they're gonna be reporting as well two quarters They lost money. They may do it again They kind of led the charge in talking about the negative action that may be coming down the line in a big way now Apple Said they didn't experience those problems last quarter But they said next quarter we're gonna experience those problems four to eight billion dollars was what they were talking about Apple for their worldwide developer conference day. They're up 1.5% right now We jump over to Twitter as Mr. Elon Musk is saying that he was not aware that there are bots on Twitter he didn't say that folks, okay But the fact that he's playing now after signing the deal to buy Twitter for 44 billion when one of the reasons Why he said he wanted to buy it was because there's so many bots is that he can't figure out How many bots are there seems like that would be a negotiating point you'd go through before buying Twitter for 44 billion dollars All right, folks. Thanks so much for starting your trading day off with me Remember check out my dad's webinar going on Friday hasn't done one of these in a couple years not showing the next one's coming up Stay tuned Basil Chapman's up next folks Larry's coming up live at 11 fast market at 12 Steve real estate white Tom O'Brien this afternoon Have a great Monday everybody