 The following is a presentation of TFNN The power trading hour with your host David white Call now toll free at 1-877-927-6648 or internationally at 727-873-7618 now David white And welcome all to another excellent edition of the power trading hour It doesn't matter where you're at as long as you're here at this time The following takes place between 2 p.m. And 3 p.m. So what do we have going on today? Well for the most part if you're a Wycoff trader it is a retest of Friday's low and I'm gonna figure that you need about 15 billion shares to blow out today's low Anything above a close on the S&P cash of 5485 is a Probably a buy signal for the rest of the year. We still have What two hours left to go a little under two hours left to go and we'll see how that comes in, but I have already Picked up a position Hopefully the emails coming out. I think we had some problems with it Maybe it's out already But check the front page of TA your web page if you are a subscriber to the path of least resistance But that's it. I'm not gonna be sticking my neck out too far between now and the end of the year if I'm gonna get into something it's going to be with options and The reason why well, I'm gonna limit my Exposure in case anything really bad happens that hadn't happened already But we shall see but yeah, I bought some calls for Friday and as long as we close up above 4585 in the next couple of days. That's kind of the line in the sand for what we're gonna be looking at so I Want to bring up something that I learned very often or very early. I Should say from Tim Ord and he would repeat this a lot And he said high volume lows are not lows until they've been retested And I said that to myself about a hundred times only it took about a hundred times to actually get it through my head So I didn't jump on yesterday's big move higher Suspecting that we would come back and I thought yesterday morning It would just come back retested on a lighter volume, and then we'd go higher Well, it did and everybody had to get all hot and bothered they had to get all lathery. They had to get to all I can't use that word anyway They had to get all fired up and I think today is the day that they're gonna get shaken out now Do I think this is an entire market thing the answer is no It's all about picking the right sectors and the stocks in those sectors if you can But I think that there's at least a couple of sectors that looked Like they're probably on the green light till the end of the year if this is a low if not We'll take a small loss and move on but my guess is Like I said anything above 54 85 and you're off to the races anything above 4600 and you probably have a nice Christmas rally coming and is it gonna exceed what we had before? probably not I was gonna make some decent money if you're in the right stocks probably but There's a few things going on With the Fed and others, but I think what they're trying to do is wrench some of the excesses out of the market that they haven't to this point All I hear is we've got this new thing and this new thing We don't know anything about it and it could be a problem It could be much worse, but you know, we don't even have it here in the United States to study it So we don't know but it might be kind of just reminds me a lot of after 9-11 everything Someone would leave a ham sandwich out on a bench and everybody would freak out about it The market would dip 50 points in a heartbeat in the S&P's that was back then and two days later was all gone and In the chat rooms at that time we'd always say someone found another ham sandwich and That's kind of what it was. So, you know, can we still get that we can Options are pretty cheap still to this point for calls So if you want to play the long side not a bad time to get set up with those I think that there's some decent movement. And of course we got fun buying We also have something that a lot of people have been talking about and that is tax-selling now 85% of tax-selling every year is by the professionals on Wall Street. Their tax season is over today So I think a lot of people especially if you're a fund manager knowing that that kind of selling is coming in A lot of people would think well, you know what we'll just buy it as they're selling it. No No, I say I Say that what we're really doing is They're gonna wait until everybody's done selling and then they're gonna start buying They're not gonna boost the prices up before too much before tomorrow But that's it So many in the den says that I like Rick Santelli's approach pal did the exact right thing today Establish the hard line when there's a real risk And then have a position of back away from if the risk materializes Yeah, I think now that he knows that he's good for another couple of years He's going to make sure that he's gonna stomp out Frothiness before it gets too far And that's a bit so, you know if you're a company that desperately needs money And has to borrow it at a bank your interest rates are gonna go up If you got people wanting to throw money at you a Completely different story and I had this from the last last a secret recording From the last Fed meeting and I always thought this was so apropos Are you suggesting we throw money at the problem? precisely That's it. That is the the exact Motus operandi for the Fed and everybody else. We're just gonna throw money at any problem. We see but you know, he said some other things that were probably along the lines of Now that he said it the probably the low is in With saying that there continues to be shipping problems. Well I'm shocked. I'm shocked. There's gambling in Casablanca Generally when everybody starts talking about it, it's almost over. So I'm thinking that there's enough pressure We've started to see Like gasoline prices will probably come down now They were artificially high for a while because everybody thought that it was just one more Pipeline closure away from having no gas to anybody But any politicians eventually Will start going after the leader with pitchforks if they know they're not gonna get elected And I think that's what we started to see over the last week Went out for to pick up some lunch real quick No sign that any of the people at the gas pumps found ladders Bring the gas price down still 330 here in the free state of Florida We'll be back in a minute Are you grinding in the market but seeing little to no return or are you a successful trader simply looking to make your job? A little easier learn to take the path of least resistance with David white's powerful trading newsletter David white is an accomplished trader whose deep understanding of technology and the markets allows him to consistently find and share winning trades Support and resistance define the ranges in which stocks trade by understanding these trading ranges David white is able to find the path of least resistance David white's trading newsletter the path of least resistance is delivered daily Before the markets open to make every trading day an easy win Visit tfnn.com today and subscribe to David white's ultimate trading newsletter for $119 a month and try all of our newsletters risk-free with our 30-day money back guarantee Take the path of least resistance at tfnn educating investors What's separating you from the most successful men and women on Wall Street? That's right Information having all the information gives us the perspective We need to place the right trades at the right time The TAS profile scanner is the premier market profile base scanner powered by its acclaimed TAS proprietary algorithms This feature rich scanner instantly filters over 2,500 plus global financial markets such as stocks ETFs Commodities futures and forex this powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades Before they happen for a limited time You can save $100 off your first month by using the promo code upgrade and you still get a 30-day money back guarantee So you have nothing to risk Level the playing field with the TAS profile scanner which you can find under the services tab at tfnn.com Sign up today 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 Call now toll-free at 1-877-927-6648 internationally at 727-873-7618 We return Of course Always history and then we'll get in some charts. I've been looking at As we said on this day in 1959 IBM delivers the first two Eight computers first two I don't know what happened there. It's supposed to be a mainframe computers One of the first commercially produced fully trans does this transistor eyes computer the 7090 and later the 7904 We don't want to confuse the two we're notably for being used for controlling the mercury and Gemini space flights along with many other Significant and government applications in the 60s some 7090s were even used through the 1970s and even into the 1980s And that was the first mainframe. I ever got to play with As they were getting ready to decommission one So I learned a lot about how the big iron is what they used to call it The mainframes the one that I played with Wade. I think 6,000 pounds with all the peripherals and stuff Took up of course a fairly large 40 by 40 maybe 40 by 30 room. It's pretty large had to be air conditioned And cooled. I had water chillers and all that other stuff But yeah mainframes before networking You really don't hear the word mainframe anymore before networking You kind of had to have everything in one box you'd have all the memory you had to have all the processors now with the almost a terabit speed Ethernet on the horizon Certainly even on desktop computers. You're getting a thunderbolt connections now Which are absolutely incredibly Fast You don't really need mainframes anymore. It's banks of computers with parallel Processing so they've kind of gone a little bit of the way of the dodo. Although IBM still sells what they call mainframes But on this day in 1959, they're really the first Transistorized computers come out that will work well That could actually do something and not just for research or playing with until they get to it but mainframes were really the kind of Product for many years that did all the billing for the phone companies and the electric companies and everybody else And of course they were made to do one job and they didn't change a lot Until they were forced to but hey No charts, huh? How could you actually do that? I'm actually showing I do have a chart Let's do this Do I have a chart now? Hopefully you say yes Because I thought everybody would be tickled by this thing I before he except when your foreign neighbor Keith receives eight counterfeit Beige slays from a weird feisty caffeinated weight lifter. I love it We're gonna go to Scott and Denver for Ali Baba. How you doing Scott? Well, I'm doing fine. How are you this morning? Another day in paradise. It's gonna be 76 tomorrow and sunny So I am set it's gonna be it's cold today only gonna hit a high at 73 So we're moving along Well good for you, I was hoping that you could take a look at that Ali Baba chart for me Okay, so go ahead. What do you what are you thinking? Well, how far down is this thing gonna go? You know everybody's trying to get out of China for a variety of reasons, right? Yeah, okay So when does that change? Does yeah is Jamie Diamond, right? Will Goldman Sachs and Morgan Stanley out lie out live that Chinese Communist Party Never happen So I don't know As long I mean there were three more things that happened this week and I want to bring up think one was a company is Website 10 cents or something 10 cent Who does a lot of I'm pretty sure it was 10 cent it does a lot of apps for phones We're told that they can't kick out any new apps for all the Chinese that want apps for their smartphones Without getting pre-approved by the Chinese Communist Party So You know Are you long this thing kind of stuck in it? No, I just have a put that I'm short on so essentially yeah, I'm long in some ways. Yeah, I Think you're gonna get to be able to get it one day I just don't see a lot of reasons out here now We were talking about a few things that I love trading this stuff that is more organic to the market like options expiration stuff that I know happens fun buying a lot of that kind of stuff and One of the things you have to look at is if you're in a downtrend now it is fairly rare to To find that reverse before the beginning of the year But stocks that have the biggest downtrends Tend to have the biggest bounces after January 5th So when you're asking me how far it goes. I don't know When is probably a better question and that's the first of the year You know, there may be something that comes out of this but The more that that Chinese threaten Everybody in fact, I think was a day before yesterday Maybe last if maybe on Friday The military said they're gonna probably double the spending on the bases that Diego Garcia and Okinawa To go against the threat but China is every day threatening to nuke either Australia or Japan or South Korea or something and they continue to be More authoritarian and totalitarian on their own folks. So I don't know When is that gonna turn around they did very well because they went with the capitalist society Now they're backtracking on a lot of that and I think they continue to go lower until they figure out that Having jobs and everything else is great. Of course, they're all about being and controlling So that becomes a problem, you know a kind of a problem for them, but I think it's not so much an issue With the company as if I was in anything from China, I'd have to be in Options I wouldn't want to have a lot of exposure To the downside in case they do something even more stupid than threatening to nuke everybody on a daily basis Okay, okay. Yeah, I appreciate that Okay, I was just curious with that anything to tell me from looking at the chart Let's go back here a little bit far But you hang on just a second Sure, and we'll talk more about another side You having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join the Tigers Den trading room only at tfnn.com The Tigers Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with these sharpest minds in the trading world Subscribers to the Tigers Den are also the first to have their questions answered live on air and can privately chat with our tfnn hosts live during their shows Interact with other Tigers and Tigers as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the Tigers Den risk-free with our 30-day money-back guarantee and become part of the tfnn trading community tfnn educating investors You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more check out tfnn and tiger TV and get expert investing advice to give you the power to control Your financial future go to tfnn.com and find the newsletter for you whether you're into trading gold Metals futures currencies or options you'll get advice and analysis to help you seriously get ahead tfnn also features trading services with a 30-day money-back guarantee for new subscribers as well as tfnn's Tiger Den trading room trading software and educational webinars for all trading levels and make sure you check out Tiger TV for free on tfnn.com or tfnn's YouTube channel for live financial content from 8 30 a.m. To 4 p.m. Eastern on market days stop watching on the sidelines while other people get rich and become the investor You were born to be tfnn educating investors tfnn is excited about our new software charting program the art of timing the trade charts in Collaboration with Tom O'Brien and using his best-selling 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 traders 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 Gartley's ABC's 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 with Scott Denver Looking at some fairly long term Fixers of Alibaba and you've really just gone to this gap Is extended back to June 8th of 2017 and the downside on that gap was 125 64 You're almost to that right now So you're about the best support you're gonna get So if it goes in the lower that's just yet You've already blown through really the last one under 130 that had 25 million shares. You already have 25 million shares already today. So it doesn't look good Did have a question from one of our gentle Listeners about if this is a double repo pattern on the way back down and it is it's not a textbook one But it gives you kind of an idea what I look for and that is a bunch of days on the way up Generally 10 15 handful of days that close below a three by three a handful of days above and then you get a candle That goes through the three by three very sharply the next day is the clincher out here With a huge gap down and that's generally how those double repo patterns Kind of work. So, you know, you kind of want to watch Out here, but you're probably about as good as it's gonna get for support So I don't know what you want to do but right underneath that would be the next stop because Underneath that I think it's 85 Okay good to know I Appreciate you looking at that. Hey, I mean, it's a you look at one more chart with me. Sure ST and E stone what do these guys do I Think they're IT services down in South America. Ah Coconut telegraph Okay stone Financial technology solutions to merchants and integrated partners to conduct electronic commerce across in-store online and mobile channels in Brazil Okay Seems rather limited, doesn't it to just one company. I mean one country Yeah, I do Yeah, seems rather limited Of course, what language do they speak in Brazil you got me Spanish Portuguese? I don't know Portuguese So you got a technology company that literally has two markets Brazil in Portugal For a language Ah So what are you thinking out here that they're gonna branch out into English or something I don't And you can look at a chart and tell me Support next support you see any any stopping this thing come on the downside I mean you've already broken through the previous lows that go back to December 24th 2018 Is there anything even farther back than then and I don't see I don't think though now, you know, you broke through all the lows I Don't I don't understand the idea of having a tech company trying to Go up against a lot of really big companies now No matter what they're doing whether it's Finance or anything else. It's very tough to be on your own And if you're on your own and all you do is Portuguese You know, it's not like there's that much growth past that But The whole thing the stone company doesn't sound like a Portuguese Brazilian company either So I didn't want to find out more about what's going on in it But okay, no, I'm not a big fan of either one of these because they're easily All you got to do is hire a couple of people that speak Portuguese and do whatever you do in the rest of the world in Portugal, you know, maybe you've got maybe it was made as a company to get a buyout You know and get all the people that speak Portuguese there and move your product into it Maybe that was the whole idea this thing going to 95 That now that it's 15 was that it was going to be a buyout candidate But I'd have to research a lot more about why this company is doing so poorly Other than the given that, you know, things aren't going well in Brazil, but with a Crew price is higher. They should have actually turned this thing around a bit and have not so none of that's good I don't like the limited exposure Without deep diving into the company I don't like the the limited exposure to a single language if they were Spanish Then they could go, you know, what to about a third of the planet Maybe a fourth. I don't know what the but it's probably close to that, right? So yeah, not a big fan when I'd look at it from the 30,000 foot view Gotcha, I tell you what brought this to my attention I think Berkshire Hathaway at one point owned a percentage of this company Yeah, it looks like they got out So yeah, yeah, okay. Thanks for the call Yeah, appreciate it Dave you bet Okay question earlier What's the Point of big tech with the Chinese government I don't know they've bought everybody including some senators Some sons of the highest ranking officer in the country You it's not a day that you don't go by and find out more of that stuff I don't think they quote quote have anybody that's a member here in the United States Just people that are going along to get along I do have to give a nod of the head a tip of the hat to the one NBA player who's calling everybody out on supporting Companies like Nike who use slave labor in China But to me it just smacks of a great deal of when we've dealt with other big things in the past World War Two There were all kinds of people trying to sell stuff to the Nazis IBM was one of the biggest ones they almost went under on that if we didn't need them for the war I think they would have gone under other big folks What was the guy that Lindbergh he he was kind of the Michael Jordan of his time Still right up into the war, but he was a big Nazi promoter and that cost him just about everything um, he ended up flying and teaching people to fly uh during the war effort and Kind of rehabilitated himself, but I think there are a lot of people Uh the long term they're on the wrong side of history uh backing uh communism and I think eventually it all works out Uh in the wash, but uh not all the time Is it going to be for the good? We'll be back Yeah airness chance or freedom Yeah be back Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. Petersburg tampa and clear water markets tiger real estate 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 strike 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 Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30-day money back guarantee tfnn educating investors Are china a shares hot or not? If you trade china a shares now may be time to take a closer look trade chAU or chAD Directions daily csi 300 china a share bull and bear ETFs china a shares in either direction Visit direction investments.com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at eight six six four seven six seven five two three The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC 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 We return uh, we've got uh an email from wane us uh Bntx what is my thoughts on this? You're in an uptrend, uh, even with the worst things that happened It has not violated that uptrend If you're long this thing you stake it now you you stay on it If it breaks below the three by three or nine day, then you're probably out but Down today on about half the volume of two days ago Uh, that's friday if you live in lutz florida So, uh, if you live in the rest of free florida Then you don't need to know that Anyway, uh half the volume on a pullback here and I Think this thing looks like it's headed back to 464 um It's hitting against resistance right now Uh, but uh, if it can break through I think you're going back up to the highs I don't know what they do or a lot about them, but there's nothing in here Uh that says even on a horrible day Um that there's a lot of selling in it Uh, but you do have a big problem there at 380 370 With the existing folks that want to get their cash back But you break through that you got 464 Okay, another question uh from me me about The tlt Is it going higher? I suspect not but that is a preposition Are prepositioned on The market going higher right now and sucking some of that money back in we need to close above 45 85 and we're around there right now in the last dick So the question is whether or not we can close up today but that would uh That would be interesting, but uh The fed has pushed more cash In the last four days than they ever have At the same time they're telling everybody that there's a problem and to be worried So And they're gonna and they're gonna taper so they're doing one thing on one hand and doing something else on the other hand So Which is the truth? Well every time before they folded like a five dollar like a five dollar uh suitcase Um They folded quickly is what i'm trying to say So, uh, you know what? My guess is that uh Some of that money comes out of the bonds that goes back into the uh markets, but we'll know today or tomorrow But I don't see a lot out here in some sectors that says that uh, even if the the s and p does pull back Uh, there's a lot of downside after today again a lot of good features, uh for saying that the risk reward Does not get any better here one. You're done with the tax selling season. You're done with uh the uh bonus season Uh for uh, uh wall street You've got maybe some folks that do some tax selling On the retail side But uh, if you're doing well I don't see there's that much Out here that says that the last month of the year Uh is going to be a problem now China invades taiwan You know not uh, uh, you know, do I give it a high probability? uh over 10 percent the answer is no But probably I had it at five percent before so maybe Seven and a half percent. So i'm going up a little bit on my bayesian interpretation of the odds um, you know we got uh An unfold moon A dark moon a new moon is what they call it and that's uh, just in a handful of days if they're going to do anything That'll be it. Um, maybe everybody thinks that's going on maybe the everybody thinks the russians Are going to invade the ukraine after we didn't do anything last time Um, you know, there's a lot of things that could go on that could blow this up As I said if I was going to be long or short in this market I think the only prudent thing is to be using options if they're too expensive move along and find something else Uh, but uh, the easiest way to limit the huge swings that we're getting 60 70 80 90 points in the s and p Is to go to the option so you know Uh, what your limit is going in eight seven seven nine two seven six six four eight And uh, yeah, you think they're really gonna want to uh, I'll get in front of this for the olympics. I don't think so I think they want to they'll probably wait until after it if they are going to do anything So again, I'm thinking there's a lot of worries a lot of different stuff Uh, people are sounding alarm on stuff that they have no idea of Happening and I think there's a lot of reasons, uh, that that is That is that uh, you know, especially as I've been calling it lately the vaccine industrial complex I think there's a lot of folks out there that still want to squeeze some money out of the government Uh, there's a lot of money to be made And that doesn't always end up in being the truth imparted to the people getting, uh, those vaccines And the necess and the need to get them Hared somebody say something was it today or yesterday. He said, uh, Two years ago three years ago cdc said something I would have just taken it to the bank but today Yeah, there's a lot of reasons for them to figure out And for the stuff they say And maybe it's not as good as it was Uh, a few years ago. So I'm kind of in that camp of a more Missouri and now you got to show me Uh, the data and when you say it's going to take 50 years to get the data Uh, to you so you can look at it Yeah, I wonder what's underneath the hood of that automobile Uh, I'm we're going to mix some metaphors here buying a pig in a poke And I bet most people don't know what buying a pig in a poke is but that's buying it in a burlap bag And uh, we'll see that 877-927-6648 you still got time to email me. Uh, anyway tlt It's all about the clothes today if we blow out 30 points lower or something Um, then yeah, you could blow out 156 in the tlt My belief is that the reason that they put All that cash into the market the last well really starting last wednesday Uh was to have a lot of this cash So people could buy the dips and right now still kind of hanging out the in the bond market But as that if you see the tlt start heading down a little bit That means probably there's cash coming out and that's going to go into the equities And probably into the equities that everybody knows the best And of course there's not one that is more than a bigger shining city on the hill Uh than apple on a day like this, which is still higher Uh if retesting the previous high and the volume is not that bad 117 117 million you got 107 already so Again a apple christmas i think is what a lot of people are betting on from best buy It's not going to help best buy Uh buy those earbuds What apple was talking about buy a new iphone They want 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 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 Are you looking for a secured investment which pays you on a monthly basis? The target first mortgage program may be the program for you The best rate on a five-year cd in the country right now according to bankrate.com is paying 1 per year or $1,000 per 100,000 invested The target first mortgage program pays 7 per year paid monthly on secured high value buildable properties in st. Petersburg, florida The investment is for four years paying 7 per year or $7,000 per 100,000 invested Your investment is secured by high value real estate in st. Petersburg, florida Your investment can be anywhere from 100,000 to 500,000 Do you want to make 1,000 per year on 100,000 dollars invested or 7,000 per year on a secured tiger first mortgage? The tiger first mortgage program may be just the program for you The tiger first mortgage program pays 7 per year paid monthly for more information You can call 877-518-9190. That's 877-518-9190 Catch Tom O'Brien professional trader and educator founder of TFNN Also a special guest on CNBC Tom will bisect and dissect the markets The Tom O'Brien show next on TFNN As we return we get ready to wrap up another Wonderful exciting power trading hour and of course Watch and see how the clothes comes in I am I'm not outrageously bullish, but I do think that we are probably going higher in the short term Really bring in fun buying tomorrow in earnest exiting tax selling for the street guys Who's taxable year ends today? We've got some other stuff going on. We've got the Fed shoving more money in this market than ever If it does turn around we're probably going to have a fairly Quick and sharp move higher Over the next few days probably sparked by some of that fun buying So, you know next week could be I'm wearing a frown This week. I'm trying to turn that frown upside down Thank you the market probably has a couple of days Maybe we don't get what we want But it's probably as close to a free roll the next two or three days with all the cash coming in Fun buying everything else probably the worst maybe a little down Probably the best a whole lot higher. So we'll see how today ends up But you know, you got a lot of signs that either the day or tomorrow Are lows in this market? So we'll we'll see that What else do we have going on out here volume is pretty good about nine billion shares But again, it's not going to be 15 billion shares at the end of the day It's going to be probably 11 or 12. We had nine on a half day on friday So if you extended that out to like 15, we're probably going to come in with lighter volume For a comparison from friday on just the amount of hours we came out with But again, we pushed down. There's a little enough stocks out here without volume Um, this is the retest So we'll probably know fairly quickly. This is not something you got to hang around a long time It's either going to retest and do well or it's going to fail Um, that's pretty much it so when you can not when you have to We'll see you here tomorrow same bat channel same bat time