 The following is a presentation of TFNN Trading Hour with your host David White call now toll free at 1-877-927-6648 internationally at 727-445-1044 now David White and welcome all to another excellent addition to the power trading hour with me our lovable squeezibly soft host the following takes place between 2 p.m. and 3 p.m. so what do we have going on today well we had some good earnings in the morning pop the market up we're about five six points lower than the high of the day in the S&P and of course probably the thing I'm looking at most closely today is the volume we barely got six billion shares total in the market yesterday we got about four billion now so actually doing well or better but we're going to need a lot more for these prices to stick still no signal that says anything out here would make you think that you wanted to short this market just yet but again any dip below a three by three or nine day moving average in the coming days for many of these stocks will form a very very pattern and we'll continue to keep an eye on it what else do we have you want to take a look at the usual suspects the dollars off 23 cents today when we get into commodities after the bludgeoning of where's it at here bludgeoning of gold the other day and you know we're up about a buck 50 12 94 80 so there's not much going on there Platinum's up 370 Silver's up 8 almost 9 cents copper still under the huge level of psychology at three dollars but you know what it's getting awful close to dollars 94 cents actually 294 and a half this last thing I show here in Dr. Copper above that three dollar level a lot of people think that that means is a big psychological level of moving forward when we go back into oil the Baker Hughes numbers came out we're still a little higher out here in oil it takes a little bit for this winter summer formulation to roll through we've got about 75% of all refineries back into full production still have I think 25% of oil wells that were shut down for service and refineries still shut down those will come on probably this next week of course the Baker Hughes numbers will get buried in the vacation day a week from today but I think come Sunday you need to be taking a look at those and seeing what those actual numbers show us if we get another rise in there I think we can make a pretty good indication that oil is top out with the supply coming on into the driving season but you know what everybody's always get new cars they're a little bit better and fuel efficient they're driving a little less they're letting Amazon do the driving for them dropping stuff off door a lot less smaller trips so that's that's kind of it what else do we have out here to do that's kind of it we'll look at a lot of stocks again see how they're behaving today kind of a mixed message you get a little bit better index and overall volume but still see a lot of stocks that are hanging in there of course Monday we're going to get into a little bit more of the earnings and of course before the bell today we had JP Morgan Wells Fargo and P&C Bank Infosys well maybe we'll take a look at those but all fairly encouraging at least for the most part Monday of course we get yet another round of Citigroup Goldman Sachs and Charles Schwab so we'll see that and I guess after the bell on Monday we get JB but that's probably the only thing that does much Tuesday morning we go back in the Bank of America United Health Johnson and Johnson Blackrock Comerica anything else out here I think those are the biggies after the bell on Tuesday Netflix and IBM and of course Friday a vacation day so options expiration on Thursday but yeah so Tuesday night Netflix IBM CSX and United Continental so we'll have a bit of the transports on that Tuesday then we get into Wednesday of next week more in the morning Morgan Stanley Abbott labs and that's kind of it Wednesday night Alcoa which really signals the onslaught of the rest of earnings so but really kind of the way because of the vacation day gonna actually show that what we're really looking at is that 22nd of April really starting to fire up when we come back from our long vacation we've got Halliburton reporting in that Monday morning after the bell that Monday night we've got Whirlpool see if there anything else Western Alliance Bank or I don't think that there's anything else more going on on that the 23rd in the morning we've got Twitter and Verizon Lockheed Martin Coca-Cola Proctor and Gamble Harley Davidson United technology cell gene jet blue ATI Hasbro bit bit to and that night snap eBay iRobot Texas Instruments Ameritrade Six Flags Edward Science Life Sciences Striker Hawaiian Holdings so again the end of this month is really waited once we get past it of course on the 24th in the morning we've got Boeing Caterpillar AT&T Domino's pizzas bio Gen SAP Stanley black and Decker that night of a Wednesday Facebook Microsoft Tesla PayPal visa Chipotle line technologies which has been quite a mover on earnings as of late lamb research Xilinx so like I said it's business is going to be picking up we get into Thursday the 25th Cleveland Cliffs United parcel 3M Altria group alexon pharmaceuticals Nokia Southwest Airlines and then that night of the Thursday the 25th Amazon Intel Starbucks Grubhub Ford Motor Company Illumina so yeah we get that for about the next three weeks it'll be some action probably every night as we get in the first week of May so gonna be a lot when we come back we'll do a little history got a lot of cards to look at the Taz profile scanner is the most revolutionary piece of trading software that you will ever try wouldn't you like to approach the markets with confidence as you begin your trading day it's likely that you'll be faced with lots of decisions in order to make the best decision the first thing you'll need is a strategy that will help you minimize your risks whether we're in a bull or bear market a good strategy is to have the tools needed to 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of TFNN.com TFNN has launched our brand new website you can still visit us at the same TFNN.com URL but when you do you'll see a new and improved homepage with a much simpler navigation whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions we even have new pricing in six months and yearly options check out the new TFNN.com now and experience all the upgrades TFNN.com educating investors toll free at 1-877-927-6648 internationally at 727-873-7618 17.8 on the S&P cash up to 50 on the down as to accept 33 in the Russell's at 4.7 again we watch in this volume you know ideally you'd like a lot more going into a Friday though maybe don't get something Monday I think it's going to be exactly what we're looking at now you can make a case that we go up on very light volume into Thursday which would be one of the most bearish signs that you could see but we'll keep an eye on that no prognostication yet just a potential scenario and let's do a little history on this day in 1981 NASA launches the first space shuttle mission STS-1 sending the Columbia on its maiden voyage the mission intended to prove the feasibility of space shuttles in specific and reusable spacecraft in general originally set to launch on April 10th problems delayed the launch by two days which caused the launch to occur exactly 20 years after Yuri Gagarin became the first man to fly in space of course we probably never if the truth was known we would have never had a space shuttle there was a giant argument circa 1974 1976 about what happened the Air Force said that they could develop their own rockets and do it for a somewhere between three eighths and a half of what the space shuttle program would cost and that basically they were it had an economy with the truth when it came to exactly how expensive the space shuttle program would be they did not lie the space shuttle was why useful probably two to three times more expensive than actually putting up regular rockets we finally retired it notice no one is screaming for a space shuttle again it did show the level of our technology which might have been one of the overwhelming issues missiles and rockets continued to get cheaper back we'll talk about that with Tom O'Brien and the tech insider segment at 330 today and a whole bunch of other stuff fact I think the first segment is nothing about space space and more space this week in technology all of science technology engineering and in math all came together this week for one of the biggest confirmations of theory it goes back over a hundred and five years on this day in 1981 we've got the space shuttle probably if everybody said the truth probably not a something that we would have done again because of the cost far more expensive or far more or far cheaper actually to put things in space with rockets still today and back to SpaceX doing very well in that you can give me a call today at 877-927-6648 you can email me at tfnn.com and that could be it Dave can you elaborate on exactly what a three by three displaced moving averages and how to configure it yes Joe Denapoli had was one of the first guys to actually use computers in trading in fact he lived in Naples for a while I think he lives now in Asia probably in Hong Kong or Taiwan or no what was it Philippines maybe anyway used to live here and used to be on TFN and in the very early 2000s he left to go over there thinking that that's where the gold was probably didn't do too bad one of the first guys to actually ever try to use as a individual not a big house he bought a CPM machine one of those big boxy looking things from 1980 with 360 kilobyte floppy drives put all his data on there and he started banging on it what he wanted and what he worked out was taking if you just want some kind of ballistic arc to see how the stock is performing over a handful of days he just he designed a displaced moving average so what say we take two-day effect we can show this on timing the trade charts it's not too different from what a nine-day moving average is I'm I don't like the idea of everybody thinking about nine moving averages what I do like is having at least some kind of curve if you aim a rifle at 45 degrees to the rise and pull the trigger we had no air you could pretty much predict that that would be the farthest that you could shoot and have the bullet land somewhere so you know that ballistic arc and what we're really looking at in the three by three displaced moving average in fact you can see it here on the charts is taking the last three days and moving that average out three days into the future so what you're getting is kind of the a kind of a rough movement of these three days so if we look at one of the things I like about it is it gives you the number for tomorrow today so if we click on this we'll find out that in advanced auto parts a close below 177 35 on Monday would break it if we go to Tuesday we go to 178 54 so we know that and if we go out to Tuesday we already know that 183 is the number it has to close above so what it's doing is giving us that the ballistic curve before we start heading back down lower as long as you stay above that line generally the mow Mr. Momentum is with you anyway you take three days so in the case of Mondays you would have three days and then you put those out three days so today at the close we already know what Wednesday's numbers going to be as we took the three days we put that out on Wednesday the three days prior to today Thursday Wednesday and Tuesday of this week it's put out on Tuesday and of course the three days before that get put out on Monday so take a three-day moving average and put it three days in the future and just run that along all the stocks and that gives you it now it's not too different from the traditional nine-day moving average let's go back to here let's change that that change that to zero and then we'll go it and zoom in on this so here's the nine-day I the nine-day doesn't react as quite as well to movements and that's why I kind of like that three-day displaced moving average that's one it moves a little faster and secondly you know the numbers are ready ahead of time you know the numbers for Monday Tuesday and Wednesday are ready at the close today that it has to actually continue to close above so you can see when as that line gets closer either on the nine-day or the three by three but displaced moving average we'll talk more about it when we come back. 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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 and you know just place-moving averages or just that but some of the other ones that people use are the seven by five so you take this last seven days and you move that number of five days into the future or 25 by five you take 25 days and five days in the future I do this a lot with the sector oscillators in my newsletter each day and that is take a short term medium term and longer term displaced moving average and figure out how many stocks are above and below that and that's how those sector oscillators are put together so and like the Russell I think there's like 1950s 1950s stocks in it so it kind of tells you a great deal about the momentum of the market when you're getting up and down and those have been very good for buying some lows gives you a great indication when everybody's ready to bail anyway displaced moving average take three days or take a number of days move that number average in a few days and if it closes above or below it it's basically trying to measure the slope of either the upside or the downside of the movement and there's various levels of it but pretty straightforward stuff somebody said yes Jordan aptly's living in Thailand I talked to him a few times when I developed the art of timing the trade charts and made automatic ABCs and the rest which he had in his book he told me he couldn't be done and then I did it and I don't know if he was mad or if he was just whatever but I said no I could do that and he says I don't think you can I said well yes yes you can actually statistically and that's the kind of last time I talked to him but yeah the art of timing the trade charts which we might have a new version on Monday depending on how much time I get on on Sunday to finish it up but I've been working on updating it all we might even have some promotions and stuff for starting on Monday anyway other things going on in the market movie okay question about fire I don't know just watching had a few swing trades earnings on the 30th and see what else do we have out here you know if any of these bills come through the sector is going to be pretty hot you've got a very nice consolidation you know you want as long as you get less than 3 million shares you're okay you got 3.3 million shares yesterday this is a company that's got excellent technology and because no one actually has responsibility i.e. if they get hacked nobody gets any less money in their paycheck so the last thing that any of these big executives are doing is spending money on a lot of security for the most part not all and fire I is preemptive security and it's kind of tough for people in the CEO position to say you know I'm gonna spend money on this thing when it doesn't matter because no one blames me when we get hacked it's just everybody gets hacked but I've always said that this sector probably one of the biggest rockets of all time if we go back to the 90s insurance companies started mandating that you had to have a working CCTV camera in your fast stop because they were all getting robbed if you didn't put that in there then you weren't getting insurance if it wasn't working during the robbery you weren't getting paid and suddenly all the fast stops in fact I actually made a digital recorder that sold into the gas stations that could be accessed remotely that was all digital no vcrs or anything like that called the digital detective I don't know if there are any pictures on the internet of it yet but it was a lot of technology that we worked out of animation for television in Hollywood and ended up selling that whole division to a company called guyer who was big into the vcr business and made a lot of money for time lapse vcrs for that same security purpose anyway those guys took like off like a rocket as soon as insurance companies made them do it there are a few bills in the senate that I'm watching when those go through companies like fire ice cyber art to a lesser extent the gatekeepers like Palo Alto networks are going to have a land office business but we've seen to this point that executives ignore spending money on security if they can help it and they are no different than the people that own the convenience stores in the 1990 uh okay I got a question uh on unh in the healthcare sector you in h united health well certainly breaking below the previous low uh energy on the way down not as bad as one would think with the break today uh 215 bucks is the target on unh probably take a little bit longer again the cloud is uh political over these companies uh had a lot of them in front of congress this week and it looks like at least there's some consensus between both sides of the aisle that they are going to probably put the screws to both pharmaceuticals and the healthcare providers both let's take a look at anthem at ant m this used to be run by a ceo that was part of the bush family and they ran him out for some unknown reason but I can't figure other than the fact they didn't like him or maybe he was a relative of the bushes at one time um quite an opinionated guy uh but certainly sharpest attack he'll come back and some other company and I I think he's one of the better CEOs they jacked up um earnings for a little while last six or nine months I think on a lot of bookkeeping uh slight of hand and I think that a great deal of that's coming back to them in anthem but uh certainly down to today on them was significant volume 241 night 18 uh for that one looks like the next test and uh with the kind of volume you've got you might see 213 27 but again uh mostly the risk uh is political and these as congress moles what to do about healthcare um but uh there's a lot going on in there um so far the energy isn't that bad on the way down so a lot of times uh you get into uh election years and it's the big shake down i.e. there's a bunch of things we can do to you wouldn't it be a shame suddenly a bill came through mr anthem in united healthcare but you know what if you had some political contributions maybe these things would go away man I don't know if that's it certainly there's a lot of say you were rattling in the senate we'll be back back back if you're in the cd market and looking for a secure investment the tiger first mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in st petersburg florida the tax act of 2018 set up tax free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30 000 to 75 000 the interest paid is seven percent yearly paid on a monthly basis according to bankrate.com the best rate for a four-year cd in the country as of february 20th is 3.1 a 50 000 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sophisticated investors such as traders and active investors distributor for 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 then hit watch tiger tv that's tfnn.com then hit watch tiger tv for the latest market information and we're back um oh we were looking at anthem i don't know if there's a lot more to talk about it let's go through some of the other stocks that i'm looking at we've been talking about for the last few days uh advanced auto parts uh getting back up and do its previous uh area where it needed about 1.8 million shares last few days 1.1 million shares yesterday 700 000 shares today 600 000 shares as you went to a slightly higher high AAXN which is axon enterprises hitting the 60 high 62s uh number of times uh hitting 62 today looking for about 500 000 shares uh doing about half that at the moment uh AA Acordia Therapeutics one of the few stocks out here trying to make a low um wish the energy on the way back from this january 7 uh january 11th high was a little lighter but certainly as you broke through the december 21st low at 12 dollars 86 cents uh two million shares yesterday you broke through that with 581 000 shares today just 238 000 shares so there are some stocks out here that might be washed out in the near future let's take a look at some of these other ones back was shortened the time frame up a little bit uh what else do we have out here uh ak rx we talked about this one yesterday uh acorn uh dipped a little bit back into this five million share 3.14159 and i can't remember all the digits anymore i used to be able to go to 20 on pi anyway three dollars and 14 cents january 2nd with 5.4 million shares uh got into it 1.6 million shares yesterday uh 1.6 so far today but looks like it's closing back into that trading range again so there may be something in acorn to keep an eye on uh ak steel um kind of back had some volume yesterday like today no follow-up 4.4 million shares today compared to the 17.5 million shares yesterday a l x in alexia pharmaceuticals did go above its previous high you needed 1.5 million shares uh april 10th got 1 million shares did one of the biggest reversals that we've talked about in a while uh yesterday i mean a very bearish candle that the dark cloud cover um try to open up a little higher this morning it's closing lower not a lot of volume in that one today just uh what do we have about 500 thousand shares uh array which is accurate another one coming back to a possible buy what you wanted to see is a whole lot less volume than the 3 million shares on the 23rd of january uh and you got it 1.44 million shares yesterday a little uh a little doji today with three point uh yeah 300 000 so far so not much a little possible out there the market breaks out you've got some of these stocks saying that they've got some kind of low aero electronics which is really kind of bothersome for me especially the smh's which we'll look at next february 25th 83 dollars and three cents 630 000 shares breaking through it today with just 200 000 shares so far let's take and see how the smh's are doing um go there um you got a little bit but no volume two days ago 600 and uh yeah 6 uh 1,300,000 yesterday to uh 4.2 million uh today just 3 million so far in the smh's so you're really starting to run out of gas got a uh again i don't know if it's a question or a statement uh five this is one that i went into i couldn't find anything that i like to buy several times uh and i continue to look at it you certainly got the volume uh up here in five below which is kind of like a dollar store except it's a five dollar store a little bit more you got two doji's out here and you got about the same volume you had it previous high nothing really clear out here this is where you really need to see some kind of close back below a nine-day moving average and so you know this is where i'm starting to think that maybe if we just go sideways or just slightly higher all the way to thursday that sets up the sell in the marketplace uh and maybe a test of the highs of the market on light volume but we'll have to see how that happens next few days but if we get nothing but short squeezes in the next thursday uh you could find me maybe short going into that three-day weekend three-day weekends generally have a fairly decent change in the market a lot of people talk about the psychology psychological reasons why uh but they do especially as you get uh closer to the summer you get a lot of change in character and or direction on those three-day weekends uh bowing a little pop out here today as we talked about it yesterday was testing this big down day on the 11th of march that had 35 million shares got into it with eight million shares on april 10th yesterday he had uh kind of a little bit of a signal closing back in the trading range at 6.5 million shares today up with 5.7 million shares but again on the uh for the ballistics of it this is where you're going to have and run into some resistance uh right here now if you can close above that again on monday you might have a shot to go back up to 400 bucks on bowing uh bsig which is bright sphere investment group don't know much about these guys and don't see much in the chart um rupo uh sandalure mexico which is a bank um nice huge pop in this one today i don't know if there's any peso issues going on take a look at cbs uh testing its previous high on lighter volume that is the february 25th high 51 dollars 94 cents with two and a half million shares yesterday and you got 2.6 million shares the date is 1.6 million shares but you cannot hold that high uh cco ceco for education the secondary education companies have not fared well in the last 20 years kind of boom and bust uh 1.6 million shares on february 21st 17 dollars 72 cents with 1.6 million shares got into that today with 374 000 shares even yesterday just 400 000 shares uh so that one may be tapping off capital federal financial cfn uh another one of these banks uh with fairly light volume going back into the january 3rd 23rd yeah 23rd high see what else out here we've been talking about um serious logic the last handful of days we were looking for something in the way of 2.7 million shares up to day on 200 000 shares again i'm seeing a lot of these stocks on very light volume be very careful of those they don't say that the market's going to change tomorrow they are going to tell you though the market is very brittle like seen it brittle we'll be back i'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets i'm steve rhodes author of mastering probability and for the last 12 months timer digest has been 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capitalize on these opportunities this is the go-to newsletter that identifies monitors and profits on mostly little known cutting-edge companies with great long-term prospects david's experience is as an inventor of Emmy-winning animation products for tv and hollywood that propelled a company public match that with 14 years as a full-time trader and he's uniquely qualified to guide you through the light speed world of ever-evolving high tech if you're ready to ride the next big technology full market for less than 40 per month log on to tfn and dot com and get your two-week free trial to the technology insider get in on the ground floor of the next big thing today since 1984 basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two-week free trial to the opening call basil's daily trading newsletter by visiting the front page of tfn and dot com cancel at any time during that trial and pay absolutely nothing get your two-week free trial the basil's newsletter the opening call today by visiting tfn and dot com catch tom o'brien professional trader and educator founder of tfn and also a special guest on cnbc tom will bisect and dissect the markets the tom o'brien show next on tfn the day looks like microsoft has anything going on in it uh other than you know you just watch the volume really kind of go down uh since uh about the 22nd of march there just hasn't been a lot of juice very thin today yet another thin trading day but just a slightly higher high again these markets are fairly brittle and with rare exception few longs out there seem to have a lot of risk reward built in they have a lot of risk but not much reward they also have probably a high probability of going slightly higher uh but the question is uh you know if you make a buck or two on one of these stocks uh 80 of the time but you lose 10 on it 20 of the time what's your risk reward and not good and that is the problem now so many of these stocks are testing previous highs on light volume we got some big volume but it mostly comes from people pushing around high frequency trading systems and not the kind of volume where we see a lot of these stocks uh blowing out new highs let's take a quick look at apple at the same time and see if there's anything in that one for us today um you know it we're at that kind of a extreme level of resistance in this market and the volume is not really picking up as we said earlier in the show a host of earnings coming in so far at least we've done okay uh the question is whether or not they continue to be okay and I think next week is really going to tell us that but um you know the most bearish thing wouldn't be a failure today it would be light volume all the way up into next Thursday even after we have some fairly good earnings um we still may be waiting for some kind of big good message on trade but maybe that rings the bell or a high for uh maybe a while be back at 330 with Tom O'Brien in the meantime sell when you can not when you have to we'll see you Monday same back channel same back time