 The following is a presentation of TFNN. The morning market's kickoff with your host, Tommy O'Brien. Good morning, everybody. I'm Tommy O'Brien, company live from TFNN, 9.06 a.m. on Friday morning. We got about 24 minutes to go until the start of trading and you got markets almost right where we finished off the day yesterday. Quite the acceleration to negative prices yesterday. You're talking about basically 130 S&P points from the beginning of the session. Highs made, 45.09, those highs made just after 9.30 a.m. yesterday morning. When I was on the air, things looked pretty rosy. Chairman Powell had not spoken yet that the key deciding factor as markets escalate lower. You have yield price, yields rising prices for notes and bonds selling off this morning. We got the 10 year yield of 2.92%. We'll jump over to that chart to actually kick things off. Yesterday, you saw the drop. Early yesterday morning, again, where markets were, you were at 1.1911, you traded down more than a full point to bring that 10 year up to 2.92% right now. We have the 30 year down one tick right now. You had a little bit of a sell off as well. When we jump back to the 10 year real quickly, we put this thing on a daily. Boy, it's new lows like every single day it seems folks. 1.1808 seems like 2.3, excuse me, seems like 3%. It's gotta be the number that we're heading to. We were almost there catching a little bit of a lift. 11 ticks off of the lows right now, but yields coming at you. We'll talk about Chairman Powell. What he had to say, we'll talk about pricing in hikes, man. You talk about the market pricing in some hikes. We jump back to the market in terms of the NASDAQ right now. NASDAQ, let's take a look at it yesterday, man. You talk about a sell off. You're talking about almost 700 points, 650 points about. You had a high of 14,283. We're currently trading, gotta do quick math here. It's 13.7 from 14.2, yeah, five almost 600 points below where we're at right now. Remarkable action, Dow. So much for 35,000. You give up almost 1,000 points, basically 800 points. 35,413 to 34,592. Some huge moves yesterday as we all know, Amazon, man. Think you were down 3%, something silly, man. From 31.20, 2.0% for Amazon. You're trading under 3,000 again for Amazon shares. You jump over to Apple shares. You talk about a sell off. You sold off $5.50 in Apple folks from the highs to where we closed out the lows. Apple's got 16 billion shares outstanding. Apple lost $100 billion with a B in market cap yesterday. It's hard to comprehend when Apple trades the type of swings it has for market cap, but that is actual money that existed in somebody's account. People's accounts at 171 does not exist there anymore at 166 this morning. We jump over to Microsoft shares. That was quite a sell off from 293 down $13 to 280. We jump over to Tesla and then Tesla, they had earnings Wednesday night. You traded up more than $100. Tesla's got a billion shares outstanding just over that mark. So Tesla's market cap was out about up about $110 billion from where it closed on Wednesday. Quite the pullback with the markets, but Tesla still finished in the positive yesterday. You're gonna open basically flat to where we were yesterday. You're up by about $3 right now. From where we closed out the session on Wednesday, you're still positive, but interesting when you think about Tesla had a remarkable beat on Wednesday, record profit, they're gonna produce more cars than they even were thinking possibly this year. And you're actually below where you started Wednesday's action, you're below where you traded on on Tuesday, pretty big sell off yesterday in the market that hit everything across the board. All right, let's jump around to some of the headlines we got this morning and we'll kick things off with, what are we gonna start it off with? Yeah, rate hikes, let's do it man. Four, back to back, half point fed hikes is the trader's latest bet. Money markets are pricing in 200 basis points of tightening by the Fed's September decision. That implies a half point hike at every meeting of the four of them, unheard of since 2000 in May, June, July and September to take the upper bound of the federal funds rate target range to 2.5%. He outlined a pretty aggressive approach as they're talking about here, well open to 50 basis points. James Bullard's talking about 75 basis points. That's not the conversation just yet folks, but man, they're gonna come with 50 as my imagine and they're gonna come with it at least twice right now is probably what I'm thinking that they'd imagine. Similar article here, Fed rate bets turbo charged as traders see four of them coming and there's where we're talking about folks. Swaps price additional 200 basis point hikes by September and 250 by the end of the year, okay? You have the market implied path in pink, you have the Fed projected path in yellow. It is a ramp up on both accords, okay? The change in the federal interest rates target implied by overnight index swaps and euro dollar futures. I mean, this is where we are right now folks which is remarkable, okay? They come with one hike and yeah, they're gonna bring it in a big way. You almost can't overstate it. I can spend the whole show right now which is why I'm kind of pausing on how quickly they're gonna move and the surprising thing is that Chairman Powell's comments while definitely hawkish, it's amazing how markets continue to be surprised with how fast this Fed is gonna move. It seems like they've made up their minds 50 basis points for at least the next two meetings and as we stretch towards the end of the year folks, the comps are gonna become something that is not as easy to have the CPI rising like it is right now. Gas prices, yes, they're gonna be substantial but if you start to talk about the core number, that's where we actually got a little bit of a pause in the acceleration of the inflation on the last CPI number. That's what you're gonna need to drive 450 basis points cuts to drive the tune of nine or 10, excuse me, hikes, not cuts, going forward. So we'll see how it plays out. Okay, jumping around to what else I have going on. China, yeah, the plunge in China's markets intensifies as the one hits a one year low. I was looking at some of these charts yesterday. Now, here's the fundamental take on this. You are playing with fire by getting into these equities. That's a super fundamental take, I'm half kidding. China needs an economy to flourish. There was a rapid reset in the control some of these companies have over their autonomy over the executives and the power they have. Okay, but China needs a flourishing economy for their goals. You can't have what is the term prosperity for all or whatever they've adopted now without some type of economic engine. Taking a look at Baba in particular, you are still within a downtrend channel that has existed since October of 2020. You've bounced around in it. That's in a weekly, I'm gonna throw it on a daily to take a look at this just on that acceleration. Pretty well-defined folks. We come down to the bottom portion to talk about 63 bucks. Even if you catch a pop to the top end though, you're talking about one 14th right now, which is about 30 bucks above this equity. That's a good 35% from where we're trading at right now. There are variables that you can't quantify if you're trading these and that's what you'd have to open up to. Many times, if you're a long-term investor in Amazon, I think that you can at least attempt to quantify all the variables. Doesn't mean you do it well, but there are variables out there for the Chinese dictator and the controllers of communist China that they control all the cards and that's a variable you'll always be open to. But I imagine at some point folks, we're getting to the point that they may be finding a bit because 85 bucks, you're now coming down right to the same area that we were at early in March. You're at 86 bucks in change right now. You made it down to about 88. You made it down to a low of 86.68 back March 11th. Talk a little bit more about some of these Chinese companies and the one we are back right now. 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. 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Actually made it to a low last night at 8.45, 11 points lower than where we are right now. 43.62, we're trading 43.72 now in the S&Ps but man, we were just trading right now. 8.15, we were trading at 43.91, 20 points just like that, we're actually in the positive when I was getting ready for the program between 8 a.m. and 9 a.m. this morning. Not so much the case anymore. Dow off 150 points right now, 34.558. Jumping back to China real quick. China's CSI 300 has erased almost all of its mid-March rally. That's kind of what I was pointing to is some of these equities right now. We got a pop here, we're coming down to an area that you could see it as a trader folks, as a trader. Very difficult to invest in the long haul on China when you are subject to anything could happen at any point. I mean, think about this, right? We're talking about Alibaba. You take Alibaba back as far as it goes. Think about if you were bright enough to see China's economy flourishing in 2014 and bought Alibaba on that thought and guess what, you're in a losing position over an eight-year period. Unimaginable in terms of what has happened in China's economy that you can invest in a company like that and over an eight-year period you could be in a losing position from the periods of 2014 to 2022. Just one company, but that's the danger, but man, you're coming down to some areas folks that I as a trader have been looking at them. We'll leave it at that. But not so quick as, yeah. Well, I've said all the disclaimers, but you get that type of volatility as a trader. It can be attractive. Let's jump around to some of the airlines, man. They were on fire yesterday, gave back some of the gains. Delta was up to 46-27. You finished it at about 44 and changed this morning. You're flat with the market negative. United really had a pop, man. Up to 52.4%, excuse me, 52.46. You're at 51.73. You're gonna open almost a dollar higher again. Let's listen to a conversation on Bloomberg today. And I think they were talking about united debt levels through the roof. And one thing you do have to think about on these airlines, okay? And I've been talking about them for a while and the rotation is here, man, from 30 bucks up to 51 in the span of a month and a half. There's your three-year weekly. Taking a look at some of the Fibonacci retracements this thing has had. Let's take that off for some clarity here for United. United is pushing the highs that we had back in November of 2021. That high, $54.52 actually made it up. When we all got a little euphoric coming into when the vaccines got released that this thing was gonna end sooner than it has, you got up to 50, excuse me, 63.70. Got up to 63.70 on United. They have quite a debt load. And something to think about is that what happens when they start clearing maybe some of that debt and they start getting the option to deliver dividends or buybacks or disseminate their cash to investors. Folks, these airlines need to be regulated, okay? It's that simple because you need to regulate the industry that you cannot let fail. If you cannot let market forces dictate whether businesses flourish or fail, then there's the inherent interest to not act in good faith. And that's what the airlines continually do, okay? They keep no cash on hand to handle market disruptions for whatever reason, right? There's been terrorism. There's been now a pandemic. But if they come every five, 10, 15 or 20 years even and they have the ability to wipe out these companies, then those companies, if they wanted to exist, should prepare for those events. You could buy insurance. That's why you buy insurance folks on your house because unfortunately, every X amount of years houses get destroyed by whatever it may be. Most of the time it's weather, right? In Florida we have hurricanes and the Northeast you can have any type of nor'easter let alone flooding, et cetera. There's unfortunately with climate change going on, that risk is going up even more. That's why we buy insurance because we just can't exist where we spend $300,000 on a house and get it wiped out completely and we become responsible for that. Well, what the airlines do is they take in all the money, they hold none of it on hand. And then when something bad goes down, like for instance a pandemic that dries up all the travel, like for instance a terrorism act on 9-11 that again, dried up all the travel. When those instances exist, they have no money on hand and they come to the public and say, you need to bail us out because you need us. Well, if that's the case, then we need to be able to regulate those airlines so that when this happens again, we don't need to bail them out at a time when they've been giving shareholders more money than they should have been if they need to be around in perpetuity forever, which they do. That's why we regulate the electric companies to some degree. Okay, we need electric. We don't want 20 different companies all building power lines all over the town. So we have a monopolistic tendency on it. We need them to exist. Therefore they need to be regulated. Airlines, I would argue very similar folks. If it doesn't happen now, and this one really got my brain thinking because I hope this conversation takes place. It should take place. I hope the politicians have the courage for it to take place because they need to be regulated and they shouldn't be able to just disseminate profits and then ask for handouts when things go bad. You don't get to take all the money for your ownership when things go good and then ask the taxpayers for money when it goes bad. And that's what all the airlines do. And as sad of a reality as it is, there will be some type of disruption sometime again in the future folks, okay? And hopefully it's not for too harsh of reasons, whether it's terrorism, just natural disaster, just storms. I mean, you could have a huge storm ripping up and down the Northeast that could potentially cause travel delays in the Northeast. There's a million things that could cause problems for the airlines. They should plan for them. They don't. And hopefully that conversation takes place because we are gonna be in a period of ramped up accelerated travel. Eventually they will get over the debt that they've sustained during this pandemic, okay? They will start handing out cash again to their shareholders. And unfortunately again, at some point in the future, they will face a problem if air travel dries up for some period of time. I mean, imagine if you ran a small business and many do cause they don't have the luxury, okay? But if you ran a small business and you were making the type of money that they've been making over the last 10 years, okay? And just buying things without keeping some money in the business for a time that may go bad, you go out of business, you go bankrupt. That's what happens. We'll see if it happens, anything changes. Let's jump around to what else we got going on. Let's see what we got. How about American Express? Speaking of people spending money, yeah. AmEx has soaring expenses pay off with jump in new card holders. Expenses climbed 34%, it's quite a climb, more than the market was looking for. But a record number of US consumers take platinum and gold cards for AmEx. You got a 34% jump in expenses for the first three months of the year to 9.1 billion. The market was looking for 8.85. In addition to new customers, extra spending on perks and rewards also help persuade customers to spend more on their cards. I mean, the American credit card industry, folks, it is alive and well. We'll jump over to American Express. You're sitting right near kind of all time highs of 199. There's your 15 minutes on the volatility and you're actually gonna be a little bit down maybe on those expenses to 183.87 right now for American Express. Company released fewer of the reserves it originally set aside during the early days of the pandemic during it, then it did during the same period of year earlier, so it's keeping some of those reserves on hand. Hey, they don't, you know, we have a lot of uncertainty in this market going forward, folks. Very prudent sometimes of a company to be keeping some of those reserves on hand. We'll be right back, folks. We'll finish this up. We'll talk a little bit about AmEx and we'll be back for the opening bell. Stay tuned. The gold market has taken off top side to Lodge Wayne. If you want to take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30 day money back guarantee so you have nothing to lose. Every Monday morning I publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. TFNN has just launched their new trading room, the Tiger's Den. 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TFNN is excited about our new software charting program, the Art of Timing the Trade Chart. In collaboration with Tom O'Brien and using his bestselling book, The Art of Timing the Trade, your ultimate trading mastery system, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, The Art of Timing the Trade charts allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies and much more. The Art of Timing the Trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks or even months searching to find. And right now we're offering licenses available at only $79 a month. We are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Welcome back, folks. We've got markets open, SMPs opening down right where we were pre-market, you've done 18 points American Express down about two-tenths percent on their numbers last night. We jump over to Netflix. Maybe the Max Payne is over. I have to get on that one. Up 1.3%, you're up $3 on the session, you're trading at 2.21. You know, I was reading about Ackman exiting his bet. And one of the things he said was, they were wrong, number one. They said that they've learned that when they're wrong, not to hold on to those losses. That's something we all struggle with, okay, as traders. Hopefully you don't let it to go to half a billion dollars before you have to make that, but he's playing with some serious money out there. But what he also said was, is that basically they're getting into an entire different business model. If they're gonna start going to advertising as a business model, as opposed to just a straight up, here's what we spend, here's what our subscribers pay, that's how many we have. You do the math on our growth. It's a pretty simple equation compared to most businesses, right, considering what you have to, as an analyst, I'm sure, configure in your brain and on paper in terms of what happens. That equation completely changes when they're gonna basically completely change their business model, okay? They're saying, guess what, our original business model of just being subscriber base does not work anymore. We have to change that to grow. We're now going to sell advertising. Well folks, what's gonna happen? How many people are gonna take the cheaper plan that has advertising? How many people have become used to Netflix having no ads? That's one of the best parts about Netflix, man. No ads, period, okay? It's very difficult to forecast how that goes in the future. That's one thing that he said and that is one thing I would say about Netflix, man. Yes, there's an opportunity there. You're talking about a company now, pushing under $100 billion, $97 billion. You were well above $300 billion at the high. It's gonna be a difficult one to estimate, okay? What is going on in the future as their business model completely changes? So keep that one in mind, folks. All right, jumping back to Disney, because Disney is lower yet again, man. You're down 1.2%, you're down to 120. Disney, paying for Netflix's sins on Tuesday, trading lower with the market yesterday. You're lower today, down more than the market, down to a percent. You take a look at Disney, man. You're now well below the 618. That was an area that was a former area you chopped around in the middle of the pandemic from June through November. Disney really accelerated when the vaccine efficacy came out. In November, the election was over. Markets accelerated from 125 to 203 and it's kind of been a one-way shot down to 12033. Now, I'm gonna give a little bit of information about what's going on in terms of losing the ability to have their Reedy Creek district. Now, the first thing that's a bummer, right, is that you have election state representatives, Republicans saying that this bill is not retaliatory, folks. It is important to keep our elected officials accountable. If you think it's not retaliatory, just for something the CEO said, then that's unfortunate, okay, because it's nothing but retaliatory right now. And the effects of something like this on the actual voters and residents of the state is gonna be so harsh out of spite that you almost can't overstate it. And yes, it's unfortunate that this is gonna be political, okay? But what do you do, folks? This is where I live. You're gonna have citizens that are hurt tremendously. You're having the stock hurt, you're having employees hurt, okay? There's been some discussion over the fact that number one, Disney has municipal debt. I should say, Reedy Creek District has municipal debt. That debt has to be dealt with somehow, okay? But this is one thread on Twitter talking about what else goes on. So, Reedy Creek, some great points here, all right? Nick, Pappan, Pappanthus, Pappanthonus, Pappanthonus, maybe, not familiar with this, WFTV reporting in Orlando, okay? So he has a special interest here in terms of reporting on the area that is impacted, folks. And check out the impact, all right? Talk about voting out of spite, not worrying about screwing over your own residents. Reedy Creek's a special tax district of Disney. It's essentially its own city. Disney pays taxes to Reedy Creek, okay? So then they operate all the services. They operate the fire department, the planning department, the sewer department, the public works department, okay? Disney pays, and we get into it more, I think it's 160 something million to that district on top of what they already pay, okay? On the other hand, Disney controls Reedy Creek. So if they ever wanna build a new hotel, okay, or a highway within that district, they ask themselves for permissions. They already follow all the laws and building codes. So this isn't some deal where they get to create their own laws and codes, okay? They still get everything they want. It's going to slow the process down, is what it's gonna do first off, okay? We all know if you've ever had to do anything like that, you file it with, I guess this would be the county, okay? But they even talk about potholes, okay? Disney is an epic level of beauty folks, okay? This is going to hurt Disney. It's gonna hurt the tourism experience there. It's gonna hurt jobs there. It's gonna hurt the company there, okay? There is no way that the regular city workers are gonna take care of Disney the way that Disney does, okay? Now, the bigger issue for everyone else though is the tax revenue. Disney already pays the same local property taxes as every other landowner, okay? Weedy Creek added its own taxes on top of that. 163 million per year. They are not gonna be paying that anymore if that district is done. The taxes go away and Orange and Osceola County, okay? Can't do anything to get that back because Disney already pays their property taxes. However, the counties will now be responsible for all the services that are covered that Disney has to pay $163 million to cover, okay? So what's the plan here? Either the services suffer, you're right. Either the county says we can't handle what Disney needs so you're not gonna be able to do anything you wanna do anymore, because we can't handle $163 million worth of the revenue that we lost to provide the services for that county that you need. Or they ramp up the county and add all of that extra money and provide those services to Disney. The counties will now be responsible for all the services Weedy Creek provides and all of the debt it has accumulated, not even talking about the debt, right? So if they can't raise sales taxes or impact fees, they can't. So the counties will have to raise property taxes. They must tax every property equally, okay? Not just Disney. And therefore it's expected the property taxes in Orange County could rise as much as 25% next June. Osceola are much smaller and less wealthy, still working on its figures, but it's going to hit them as well. Many of the county's residents work for Disney and have jobs derived from Walt Disney World. They'll be paying their employers taxes now. It's out of spite, it's out of nonsense, folks. They get down into the numbers even more. If you wanna look up this gentleman on Twitter, feel free. It's a great thread that talks about some of the numbers here. And it's a real shame that you have politicians saying it's not out of spite. And I went over it on my program yesterday, folks, okay? The bill, I think it's 1557 in Florida. It's not a good bill in that it really prevents people who are the gay or transgender, being able to just even talk about that in any form in high school, all right? Look at the bill. And it's a real bummer when you've got politicians gonna hurt the people they wanna represent so much just out of spite. The Santas is gonna be running for office for a while and it's a real unfortunate deal what's going on in Florida right now, because there's a lot of people that are gonna be hurt and this is what is occurring. I don't think a lot of people really know the impact that the spiteful Republicans in Florida right now are causing on their own citizens. So hopefully this helps shed some light on that. We'll be right back. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa, and Clearwater markets? Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area. Whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property, Tiger Realty has the experience across all areas of real estate in the Tampa Bay Area to help buyers and sellers make the most informed decisions across all price levels. From the price you should be paying per square foot in certain up and coming areas to the type of cash flow investment properties are capable of creating, Tiger Real Estate can help you make the best decision when it comes to all areas of the market. Before you make one of the biggest decisions of your financial future, call Tiger Real Estate LLC today at 727-329-8322 or email us at tiger at tfnn.com. That's 727-329-8322. Call us today. The technology around us is changing every day. With so much happening, it can seem impossible to keep up with all the information. David White's investment newsletter, The Technology Insider, is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future. David White has made his living staying on the cutting edge of technology. His weekly newsletter will give you specific recommendations for value tech stocks, as well as entry prices, target prices, and stops to set for each trade. Dave delivers his weekly newsletters every Friday with updates throughout the week. You can get The Technology Insider at tfnn.com for only $37.50. 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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, foresight fund services, LLC. Don't forget, you can listen to TFNN, live on your mobile device 24 hours per day. Go to tfnn.com and hit Watch Tiger TV. That's tfnn.com and hit Watch Tiger TV. Don't got market stopping folks, welcome back. We got the S&Ps, look at that drop off, man. On a five minute basis, 9.35, you're trading at 4,375 and just like that, 20 points gone further. We're negative 32 points in the S&P right now. NASDAQ 100, negative 64, the Dow really dropping. Check out that drop in the Dow. Over 1,000 points, folks. In about 24 hours, from where we're trading at yesterday, 35,000, 413, 34,406 right now in the Dow. Crude, off about $1.20 at 102.62, Goldtron contract right now catching a bid. They're talking about gold and the Tiger stand over there as well right now. All right, jumping back to, unfortunately a little bit of politics, folks, but it's important to be informed and it's a real bummer, the stronghold that Trump has on the Republican Party right now. And the New York Times catches a lot of heat from him, but lies are just common business right now. You got the leader of House Republicans, Kevin McCarthy. There was a New York Times story talking about that he had said that he was gonna ask President Trump to resign after January 6th. He comes out and denies it outright and then of course the tape exists. The ridiculous part about this, folks, okay is that Liz Cheney got ousted from the party for the things she was saying and McCarthy is on tape agreeing with her before he ousted her and bent the knee to Trump. It's a real unfortunate thing what is happening, folks. I got a lot of Republican ideology in myself, but as long as this is what is going on with the party and this is what is going on with the party in Florida, it is very unfortunate, folks, okay? What happened on January 6th? We're all gonna relive it. We're gonna relive it in November. We're gonna relive it in 2024 as well. And it's important to remember what happened. It's important to remember that there is Kevin McCarthy on audio tape saying that he is gonna ask the president to resign, okay? Over and over and over. History is trying to get rewritten here. Hopefully these audio tapes have to shine some light on the real feelings of the Republicans in office before they bent the knee to former President Trump. It's a tough deal, man, but lies are abound. And I know that both parties lie, folks, but you're talking about the facts that we know, are that the president led a rally on January 6th, then his supporters stormed the Capitol to try and prevent the vice president from counting all of the votes to confirm that Biden had won the election. You have the House leader at the time saying that he was gonna ask the president to step down. He actually thought that he would get impeached at the time. We all kinda did. He had some pretty strong words for President Trump at that time saying he was responsible for January 6th and for his supporters, all right? But guess what? They're trying to whitewash everything. The tapes are out there. He was gonna tell the president to resign according to the tapes, and we're gonna relive it over and over and over, all right? Yeah, we're gonna get the what aboutism, Duncan Steve, what aboutism? What aboutism doesn't play right now, okay? We can talk about everything, folks. There's nothing what aboutism about this. I don't wanna hear what aboutism, something else, okay? I'm talking about one thing, Steve, okay? The what aboutism, that doesn't fly. That's the fastest way everybody says, what about this? Well, let's discuss everything. I'd be happy to talk about all that, okay? I'm talking about having a son that's one years old, folks, and free and fair elections are something that we are gonna need to battle for for the foreseeable future, period, end of sentence, all right? The things going on right now across the world, okay? The impact to remind everybody, okay? President Trump was impeached the first time for withholding funds to Ukraine, okay? For his own political purposes. The reason why many people in office, if we wanna do it all, okay, if we wanna go there, we're so up in arms about the first time he got impeached because to hold congressionally approved aid to a democratic ally that was facing, okay, potential war from Russia, okay? It was something that no president should do, merely for political purposes because it puts us at risk, it puts our allies at risk for the president's political purposes. So he was impeached the first time for that. Then he was impeached, okay, for the January 6th insurrection at the Capitol, okay? So when you say what about the pipeline, Steve, I believe that's insincere to what's going on if you wanna have that conversation, okay? And there are two different conversations and it doesn't make this right, okay, no matter what you feel about a pipeline, okay? Very unfortunate, what is going on, Speaker of the House outright lying, saying he never would have said that. He's on tape, it's up and down the line. Floridian Republicans now up in arms willing to destroy Disney, willing to assess county after county taxes after taxes just out of spite for those politicians. It's not how it's supposed to be, folks, okay? And don't be afraid to speak up to it. Yesterday when I talked about this, okay? Leftist propaganda, left and right. People like to shut you down. Don't be afraid to stand up for what's right, okay? Cause people like to yell you down. They say you're against freedom, okay? They say you're against capitalism, okay? I'm all about freedom and capitalism and all of that, folks, okay? And no one's gonna be able to make me be quiet. So that's the best part and they can't do the same thing to you too. Stand up for what is right, folks, okay? Cause we're seeing a lot of what is not right going on. Yeah, it's a what about-ism, okay? Though there's no what about-ism, man, okay? The what about-isms go up and down the line. Left and right, folks, okay? Up and down the line. There's no what about-ism. Doesn't make anything what's going on right, okay? When Trump got in office, we'll do the whole segment. This is gonna be a whole segment cause it's important, folks, okay? I'm watching Disney get destroyed by Republicans in Florida. I wanna be able to bring my son there, okay? So no one's gonna tell me to shush, okay? And I know you're not saying that to me, Louis, all right? But no one's gonna tell me to be quiet, okay? Cause this has real life impacts, folks, of what's going on up and down the line, okay? We're living it and you're gonna see it. Play out and we're seeing it play out right now in what's going on, okay? And the dishonest nature of what's going on across the board is very tough to stomach when you think about where elections are going forward, okay? The January 6th insurrection at the Capitol, okay? Everybody said when Trump got into office in 2016 and I gave him credit, man. I wanted great things. I wanted change. The country needs a third party, okay? That's probably my take, okay? But everybody said give him a chance, all right? He's not gonna be the same guy. Well, how did that end, folks? All right, it ended with an insurrection at the Capitol with President Trump leading a rally in which he said the election was stolen. It was not fair, spoke to his listeners. They stormed the Capitol, all right? And thankfully, it didn't go as bad as it probably could have. It went pretty freaking bad, okay? Give him a chance was the line in 2016, all right? He's not the hateful person that he was on the campaign trail, all right? Once he's the president, he's gonna lead the country. Give him a chance, okay? Well, that chance, folks, that chance resulted in the leader of the House Republicans, Kevin McCarthy, saying that he was gonna ask the president to resign. That's what that chance led with, okay? So when we talk about that, Steve, okay? When I talk about the giving, President Trump a chance led to the House leader saying he was gonna ask him to resign, all right? And then we talk about a pipeline in response. I don't think that's a fair reply, okay? And you're not the only one, man. It's unfortunate, because I love you, man. I hope you call the program and we can talk about it. But the conversation is not effective if that's the conversation, because this is the conversation. You wanna have the pipeline conversation, that's the conversation, that's fine. But that was the chance, folks, and the chance ended with an insurrection at the Capitol that Kevin McCarthy said that he was gonna ask Donald Trump to resign. And now, of course, here we are, more than two years later, he denies he said it, he's on traipse saying it, we know what happened, okay? This is about democracy, folks, okay? I don't need to spend time with anybody, Frank, okay? I don't need to spend time with anybody, brother. I got my facts dead on. We'll talk about the market when we get back. Stay tuned, folks. Sharpening your skills as an investor is like getting better at playing a musical instrument. 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The Gold Report is a comprehensive look at the metal sector as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30-day money back guarantee so you have nothing to lose. Every Monday morning, I publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting TFNN.com. Don't miss out on the next great gold trade. Sign up today. 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. Hi folks, we're at the Gold Contract Catch in a bid. We're on a five-minute chart here. 4 a.m. Eastern time. You're trading at $19.55. You trade down about $25. We hit $19.30, and since then, man, you've popped about $15 gold trade at $19.45 right now. We jump down to notes and bonds. Little bit of a lift. Right now, you're talking about jumping back to that yield right now. 10-year, 2.91, 2.906, to be exact. We're trading $1.1825 in the 10-year. We jump over to Crude, down about $1.27 right now for Crude. Bitcoin, talk about a pullback with the market, man. Really interesting how correlated now Bitcoin is with the NASDAQ 100 in particular, I think is the best correlation. Maybe for my show on Monday. It's Friday, gotta love it. Maybe for the show on Monday, I'll do a little correlation because I saw a chart a couple weeks back. Not sure if it's held up, but Bitcoin, if you're trading Bitcoin, you're basically trading the NASDAQ 100 for one period of time. Do it yourself, maybe later in the day. I'm gonna check it out. But yeah, interesting when you think about that has some staying power. If you start being market correlated, that is a big proponent for Bitcoin. Check out Ethereum as well, man. 3183, you're under $3,029.94. And let's jump to some of those fang stocks as we round it out. Amazon catching a bit. Looks like maybe a little bit oversold yesterday. It was quite a pullback, man, yesterday. Amazon's still under $3,000 though. We jump over to Tesla, catching a bit on the open. Don't hold down Tesla, man. You're up 1.1% for Tesla shares. You jump over to the big dog, Apple, Apple up. Look at this. So we get the fang stocks up right now. You get the NASDAQ 100, barely in the red. The Dow is really taking a beating right now. How the bank's doing? JPMorgan is lower right now. Bank of America down by about 1.2%. We got a little bit of a lift going on. City down about 8.10% right now and how the airlines doing. Delta's flat, united. Whoops, united. Flat as well. Oh no, united, united is strong, man. They were the biggest one up yesterday. We got 4% today. How about Boeing? Talk about a pullback. I've been talking about this trend for a while on Boeing. We're at 181. You touch 170, I'd be looking at Boeing in a heartbeat, man. 167's low, maybe you wait till there, but 170 puts you right on that trend line on Boeing. Folks, thanks so much for tuning in. Thanks for listening to me. All I'm trying to do is make you think, folks, all right? Can't change everybody's opinions with that last segment, but make sure you're thinking about things, all right? Think for yourself. Solve those problems in your head. They're important problems. Don't get caught up in the haze of the truth. Thanks so much, folks. Have a great Friday. Stay tuned. We've got our man Basil Chapman. He's live right now, folks.