 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 And good afternoon And welcome to another excellent edition of the power trading hour. We've got a very special Power trading hour coming at you today We're gonna look at stocks that have gone vertical MAV that have gone parabolic and of course it doesn't matter What we do here as long as we're here at the appointed anointed time The following takes place between 2 p.m. And 3 p.m. So What do we have well came out with jobs numbers a market? Kind of knows that that means higher interest rates and We're not gonna get lower interest rates in the next meeting if anything. That's gonna be a more aggressive Fed and we could probably say that with the Fed coming out Wednesday and Thursday and Some of its members talking that they wanted to let everybody know That the good news isn't that good because it just means you're gonna have to raise interest rates a little higher Well, we're not off that badly We had a sharp turn downturn after the numbers came out But we've got a lot of people that are still probably a little too heavily Short the market and you're gonna get some kind of blip and that's probably gonna be it We're gonna look through a great deal of the stocks that like we said We'll see how many we can get through in this hour but To use an old chestnut. There's a lot of them that are fairly long in the tooth If you know that horse trader reference But I do digress and that's why I'll win the award going hands down again this year for our digression But that's kind of it at the moment. I'm trying to think if there's anything else that we want to talk about Yeah, I mean there was some earnings stuff, but I don't think there was a lot in it We'll go through some usual suspects. We'll go through a lot of new suspects but my list of stocks that are parabolic is Greater than it was when we headed down earlier in the year. So we've got a lot of stocks that Probably are getting to the point of starting to crack and probably why we're seeing this resistance here But we'll see how the end of the day comes in that's probably gonna tell us a great deal more On whether or not we can hold the highs or there's anybody that's wanting to go and run the shorts Just before the end of the day eight seven seven nine two seven six six four eight Oh, yes my mixed metaphors. Why do I even have to? Bring them up. I win that award. I think I'm the only one in the category So that's kind of it. Let's do a little history and then we'll move on After four failed attempts American merchant Cyrus Westfield Succeeded in completing the first successful transatlantic telegraph cable Utilizing a shallow submarine plateau that ran between Ireland and Newfoundland Completed approximately two months after construction began the cables the only operational or was just operational for over a month However, this cable proved the feasibility of transatlantic communications and Cyrus Westfield raised new funds to complete the first permanent telegraph line in 1866 and of course great deal of that was delayed by the Civil War But yeah, I think the one in 1866 only lasted a month two or two months and they had to come back another year later They just really didn't understand that you couldn't just pump more and more power through a cable and not have it fail There was you know, what we think of today as the rare earth mineral in those days was a product called gutta percha, which is kind of a tarry sap from trees in the South Pacific and It was used to coat these before the days. It was the it was the plastics of its time but they didn't really have a good idea how to make cables and all the Physics behind it. They'd pump more power through the cable and eventually it would just splay out and blow through the The under underwater cable underwater marine cables, but man, there that's quite the business It's still done and of course almost every year. We're getting another Trans Trans Pacific or trans Atlantic or trans African fiber optic cable to carry more data between everyone But on this day we kind of got out of the deal of waiting for ships to actually sail from one country to the next and male took two weeks and he could pay up a little bit and He could for a shilling get a message across eight seven seven nine two seven six six four eight Okay, let's get to these charts already on progress over most of TFN as we get ready here I'll pull this one up I've got a lot so we'll get to them Again the way I look at it. I know a lot of people Have used other techniques for figuring out parabolic moves and markets But this Joe Denapoli double repo pattern, which is take three days put it out three days in the future And if you can stay above it for 10 to 15 days start watching out The first one on our list here is Agilent Technologies that has been above the three by three Probably well since the 19th of July Looks like we're gonna be right at closing underneath it and again double repo patterns or what I love they make my my P&L every year because they generally work so well and They also do the worst thing which is chase you out right before the big Turn either on the bottom or the top comes in Anyway, you got a handful of days Above you got one today and not a lot of volume. So what you really need is couple days below it Couple days above it maybe one day and the next move back down Generally goes back to the starting point of where these things are at and again You're generally looking for 10 or 15 days in the real go-go phase of the last of the Fed pumps It was 20 25 days, but historically 10 15 days We got 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Days out here. So this is the first one underneath it Apple another one up here and again. It's all about the clothes on these so you want to close above it. So on the 5th of July Apple closed above it for the first time yet almost just a tiny tick under here on the 26th For Apple and it popped right back into the next day, but you're going pretty good No, real sign out here other than light volume today on it I have noticed that there are a lot setting up in the housing industry We'll get to those and some of those charts as we return We are purchasing powers eroded. 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Tom O'Brien is here to help Tom O'Brien has been successfully trading markets for over 30 years a frequent contributor to TD Ameritrade Network and CNBC Tom O'Brien found a TFNN over 20 years ago to help educate investors just like you Tom's daily market newsletter market insights is published every morning when the markets open to give you the competitive informational edge you need to succeed These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio Get Tom O'Brien's newsletter market insights today and try all of our products and newsletters 30 days risk-free With our money back guarantee at TFNN.com TFNN educating investors Toll-free at 1-877-927-6648 Internationally at 727-873-7618 As we return talking in the den why do we need so much fiber optic cable satellites work the same well musk is trying to actually get satellites as fast as fiber optic cable and He's gonna have lasers With the satellites beaming information to each other and That would actually be faster than fiber optic cable because light and fiber optic cable only travels at about two-thirds the speed of light But it's nice to be redundant Out there we've got stuff, but at this point fiber optic cable is the is Faster than most stuff, but not as good as Speed of light, so it depends on what you're really looking for But yeah, there's gonna be a lot more of that. I know that some of the exchanges in Asia And especially India are just now starting to get past being open four hours a day So we're probably gonna have a lot more Interaction going forward as we said Before we're going through a lot of these stocks that have done nothing but go straight higher Atlas worldwide is one of those so watch for this one on the pullback got to 99 I'm not sure if this one's in a buyout kind of looks like it, doesn't it? I haven't gone through these and find out why these are doing it We've got us a lot of other ones ABMD Is probably gonna close below it today? I like a bigger ramp than this But there's an early this is also a good sign that we're getting close air B&B course ahead to earnings and You're yeah, you had one day underneath, but really you can look at this move starting on the 18th up here and Starting to Peter out on the volume today a CLS also These are some that are probably gonna snap have a pretty good snap back for a day or two You're just kind of on the cusp, but again I suspect these are setting up for some fairly decent downside patterns coming next week But we shall see Okay, I got some emails here, so we're gonna go to those Okay Now, okay Question where you would you sell Disney I'd sell it right now They've already They have a movie so bad that they're not gonna even bother release it on on Or release it at all they're gonna take 90 million dollars and just burn it on Batwoman they're afraid it's so bad that no one will watch any other DC comic movies if they ever release it There's probably more of that where it's came where it came a lot of people were trying to impress each other in Hollywood instead of impressing Wall Street and I think the the pullback is going to be Much tougher as the new CEO tries tries to turn the ship around But you had a huge loss in Buzz light year. I think this stuff is gonna I think it's back under a hundred bucks On earnings, but we shall see Roblox or be What is that? Alex Yeah, this looks a little better. I don't know if anything's truly changed in this I dislike the volume which has been going down really Since the 12th of June you could kind of just draw a line down here into today If I you know, I don't know anything about what they're gonna report I always thought that they were massively overpriced probably still are Those games don't make that much money and it's getting much harder For these companies to make money by getting kids to buy in-app purchases but Yeah Don't know. I'm not a big fan of either one of those right now I think maybe after Disney reports and throws the baby out with the bath water for all the horrible stuff That's been going on in there We've talked about just how bad Some of the receptions to its products are like I said, but Buzz Lightyear probably gonna lose 300 million dollars There's other things going on out there but Like I said throwing a hundred million dollar Movie 90 million dollar movie in the ash can and not even gonna bother to put it out anywhere else Maybe this earning cycle gets a low put in but I think so I Wbd I thought it was Disney was yeah, Disney was light year Batgirl is Wbd And I'll have to go back and look All I'm saying is there's a bunch of crap coming out from these companies and very little of it is good You know, there's some good movies coming out from independence right now, but I don't Yeah, I'm I'm a seller here for everything and the reason is for the stocks that we're going through here today And that is almost all of these and I mean I've got probably a thousand of them And I've never had a thousand of them all above, you know 10 15 days above a three by three That really means that there's only been one side to the market and when that's over generally at least have a 50% Retracement if not more I'm looking at ACT looks like this could come back to the low 24's It's been rolling since the 25th To ACW I not so much in that one. This one's very interesting to me analog devices I think a lot of people were buying these on the what I think is now a false hope of the chip act That chip act is probably going to get negated by legislation this weekend, which is going to mean that Yeah, they give with one hand, but going to take away with the other It's incredibly hard to build Semiconductors here in the United States because if you have to charge Tax on those before they go somewhere else then someone else is going to build and a jurisdiction where there's no tax and Maybe they have to pay tax here on those chips when they come to the United States But guess what they're not going to pay it all the way around the world To do it so I'm actually thinking that the semis ran a lot on the hype of of The chips act and then they're going to find out That they got a pig in a poke and if you don't know what that means there was a burlap bag and People would sell pig piglets in them And of course you couldn't see the piglets so you didn't know what they were So a lot of times you got Well, let's say special needs piglets We'll be back in a minute If you want to take advantage of this sector now is the time to subscribe to my gold report The gold report is a comprehensive look at the metal sector as well as the markets that move gold Which is the currency and bond markets new subscribers get a 30-day money back guarantee So you have nothing to lose every Monday morning I published a gold report with coverage of gold silver bonds the XAU HUI GDX as well as more than 30 different mining equities To see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting TFNN.com don't miss out on the next great gold trade sign up today 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.. 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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 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 Gartly'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. 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Maybe you get another spike on Monday I'm thinking it probably gets to 109 before it finds some kind of high To that was for Jeff Archer Daniel Midlands supermarket to the world closed under the nine day yesterday And the second day again You want another close above it and then the next move below it if it's within a few days It's generally where you're gonna have a lot of pullback this one to about 7,650 180p This one's been higher since what we're gonna call that the 19th And Not not the pattern I like I kind of like a nice Straighter higher one out here, but it's still doing the same thing Autodesk very much in the vein and could pull back to the 192s It's been higher since really the 15th of July without a close underneath the three by three and you're just kind of touching it today So you get back below it back above it and Probably not a huge pullback in the scheme of things, but my guess is that's where we're headed Afflack and just a handful kind of skipping up ALTR, which is Altar engineering. This is kind of what I like you get the Closed back below It kind of me enters around Maybe it gets back up to 58 and the three by three is a little bit higher Then the next close down would probably take you to 54. We already looked at am at am kr Okay And see what do we have here? I'm ma M core technologies This is one that looks like it's kind of setting up I don't like to short stocks below 30 bucks, but really it's been above back since the 8th of July a any T Ariston Networks and not as bad as some of the other ones This is the one that really are I'm starting to think are setting up for retests of the lows fairly quickly A. O. Smith which kind of ran off the bottom Of course, it makes water heaters and other things But I'm waiting for the new housing And building to fall off a cliff and get the same Information in the jobs report. We're not quite there yet, but my guess is we've got maybe another month or two And we're gonna see all the houses built that had Financing at lower rates and then they're just gonna shut off the valves. I think everybody's already seeing that coming See what I did there little little valve Insertion and metaphor into A. O. Smith. Anyway You really kind of been above it since the 19th I closed below it Really two days ago got a gap down today on light volume generally get one more push and Ideally maybe 61 50 or something and then that probably would come back down to the 55s To see what else I've got so many in this list ASML, which is another reason I'm thinking that we're probably getting very close for the SMH's to roll over This has been above the three by three since the 13th of July We're now just getting a kind of a Close right at it. We'll see what happens by the end of the day but We're getting a little bit of weakness I would have liked a little bit more today So maybe we they try to push once again on Monday. It's open. I thought maybe we'd have a low end by now Anyway, ASML, of course, we've talked about this one. It kind of really pulled back a lot on us for the US at least putting sanctions on Chinese getting the equipment from ASML They've had their own problems with production. We've talked about on the show before with Zeiss the German manufacturer making Incredibly perfect mirrors and The the the level of being perfect is almost ridiculous For what these guys do but the lack of natural gas in and Germany has led to these guys not having the equipment to actually deliver But the Zeiss mirror the if the if I think it's like a three-foot mirror and if the Imperfections were blown up to the size of the planet. I think it's like less than one foot It would be still be a perfect perfect sphere at a 25,000 mile diameter With one foot difference at the size of the of the earth. So there's some stuff in there that it is is needed to be Literally perfect As perfect as we can make it. They're gonna have problems I suspect with the natural gas problem in Germany going forward and there isn't another place to go get these mirrors There are not that many companies that specialized making 250 or something that have to be perfect all the time So I'd watch that one very closely. You don't have a lot of volume today But again, I think we're probably gonna get maybe a little pop early on Monday Then we'll see one of the ones that I've warned about for a while That I think has deep accounting problems I don't know that they do but just the way that other companies have been Acquires of other technology and eventually you find out it's all a house of guards It's kind of the way that a vago has been a big acquirer Hard to really know what's inside the books. You know that they're either gently roasted or completely burnt That's a everybody But this has been above since the 15th We haven't had really a pullback you kind of touched it one day on the 26th, but that was it Again, these are the patterns that I look out for the very very good setups Avnet closed below yesterday a little gap today again may get a couple of days So I'm gonna say that we're probably setting up the patterns for next week Maybe into late next week or we're gonna see a lot of these the market start may start moving down already But I think the big pullbacks and these are coming up Avery Denison is kind of the same thing And not a lot of volume the last couple of days. So it's getting close B. A. M. Brooke Field asset management, which is a REIT Company again probably very problematic for REITs going forward A higher interest rates just don't make properties more valuable. They make them less valuable And of course, you really haven't had much in the way of volume up here But of course it hadn't Thundered up and with a huge pullback. I'm just showing these as a matter of course Somebody the den saying micron back a little To do and There's a it hadn't been my friend. It's not been active. Well, and I suspect that it is the Shadow of China on a lot of these We'll be back in a minute TFNN has been your trusted source of analysis for bonds metals stocks commodities and options for years And we are happy to announce that we are bringing that same caliber of analysis for the forex market Teddy Keck stat has 30 plus years of Experience in forex trading commodity risk management forex hedging volatility and so much more Teddy releases his weekly Tiger forex report every Monday morning with elite coverage of all major currency pairs including the DX Y Euro dollar pound dollar Aussie dollar dollar Swiss Frank and so much more Teddy will recommend specific trades when the market presents them And provide updates throughout the week when warranted for the month of July inaugural members the tiger forex report will receive 25% off the monthly subscription for as long as they're subscribed just use promo code Teddy 25 to lock in the added savings this offer is good only for the month of July So do not miss your opportunity to save on the tiger forex report TFNN educating investors Technology around us is changing every day with so much happening that 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 and 50 cents 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 calm today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the Perspective and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at 866-476-7523 The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC This program is brought to you by Vista gold traded on the NYSE American and TSX under the symbol VGZ As we return we're going to go into some more have a quick Question about Apple. I don't I think we went through it. I don't think that there's much there not a lot of volume Again, these patterns are going to take probably another week to set up on a lot of these But the first thing is going to get a bus through these levels Get everybody bearish going to try to push it back up higher one more time The shorts are going to have given up This is the pattern now not the reality Or at least the way I'm putting the story together for what this pattern is anyway, you get below it get a handful of people short it goes back up and You know they cover real quick, but it never gets back up there They quit shorting you really don't have any more gris for the mill and then it comes back down but these patterns come so many times and I think somebody in the den that's been around for a while will know when I'm starting to push Stock after stock that has been in this pattern Generally get a fairly decent pullback in the market and it's very quick and sharp But timing is all about it Nasdaq same kind of thing Really haven't touched a three by three displaced moving average if you're new to the show. I love the three by three It's short. It's sweet. I Knew it when it was any younger man's clothes. Anyway, the Nasdaq above it It's a great barometer just to see which side it's everything on and if there is no Price discovery to the low side after a number of days. Generally what you get is euphoria On this one, maybe you could get 13 500 on the Nasdaq In a bounce, but you're kind of already down on lighter volume today. I suspect so anyway We'll look at that But we're probably these patterns are probably mean down a little bit and another Opportunity or another try to push higher and when that one fails That's the one where you get three four five percent moves in two days and ten percent moves in a week To the downside when these things have given up the euphoria off the lows It takes a few days though a lot of people, you know, just don't think it's happening in the next five minutes See what else we have out here Yeah BP You kind of just touching it today, but not enough of a vertical move generally It's like these broad rich broad ridge financial solutions. I look at this one This one looks like it could be setting up for a pullback 147 I don't know if these guys have options or not. I'll have to look at it but again Probably setting up for some kind of move into late summer Where we give this all back again. We didn't have the volume You could make a ski slope out of the volume on most of these stocks over the last week ten days Oh, everybody wants to play the negative waves. Well, maybe we'll play it before the end of the show Okay, and what else out there? BWA Borg Warner, this one's already done it. That's why I was gonna say we're already starting to see some of these start to crack Board Warner has been above since the 18th of July so you had one two three four five six seven eight nine ten eleven twelve So yesterday was the first one underneath it You get the second one now what you want is probably a rally into 39 and then that sets up a pullback Probably to the 3350 area where it kind of starts off The one thing about this pattern when it does work is that's exactly what happens you get these big moves you get a kind of a Head a second head fake Now sometimes they just pull back to 50% and then they start off and that's the ABC version of this But you still have to pull back But what you want to watch for is that kind of push one more time to the highs You don't get anybody really coming in the shorts have kind of given up And then when you come back down, of course with no shorts There aren't any natural buyers and you get those very sharp very fast moves Okay, what else do we have camp? What is this one? and Five dollar stock take a look at cars Yeah, that's hard for me to think that these car companies gonna do very well with higher interest rates over the next year, but You know, we've I think we're still getting at the very tail end of those folks that Ordered cars and couldn't get them for supply chain reasons But you're up today on very light volume on this one. I'm not gonna short a $12 and 50 cent stock, but We'll go through the rest of them. Like I said, I got probably a thousand that we can go through Commerce bank shares This has been above since about 66 bucks, it's up to 7139 today again No real sign of strength on the way up, which is always something to concern yourself Cabot all I can think of is there's a movie called there was a series called mystery science theater 3000 and Apparently, you know, they find the worst movies in the world to riff on But there was one movie about somebody named Cabot and every other word Out of Somebody's in this bad movies name. What was Cabot Cabot Cab? I've got to find that movie Anyway, Cabot CBT Has closed under did gap down today So you're looking for one more attempt back up and on this one It would bring back bringing back to about 65 bucks on that Not much in that one see what we have here Well someone brought up Tesla, I haven't looked at them today So let's take a look at them. Yeah, you closed underneath today So again what you want now? this would be Tail of two cities one a 50% pullback and then maybe an ABC hire if you're bullish If you're bearish what you want this thing to do is to pop back above with no volume or very light volume Above that three by three over the next couple of days and then the next move below My belief is that it'll be a giant surprised on Tesla And be very tough and there'll be few people short the thing when it decides to turn CERN That's something else out here CF industries and that's had a nice move from the about 83 up to 102 That's that When can we say swing away I I'm gonna say probably next week But we'll see I could be wrong But generally this pattern does I'm gonna say three-fourths of the time Isn't a 50% pullback and an ABC up it tends to be a Was fool around at the highs and give it all up Carlile group question about gdx real quick or gd. Yeah gdx And how much going on there The healthy Now You're above it. I wanted a pullback. I think you're getting close to it Maybe one sixty four fifty on Monday Be nice. We'll be back in a minute Vista gold owns and operates the largest undeveloped gold project in Australia the mount Todd gold project Vista gold just completed their feasibility study resulting in a seven million ounce gold reserve Mr. Gold has all major permits approved and has retained CIBC capital market assistance in evaluating alternatives and in completing an accreted Transaction this to gold trades on the NYSE American and TSX under the ticker symbol VGC Vista gold executing a strategy to create shareholder value 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? 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We only have two minutes Yeah, I do a whole lot to say sorry calling late. I'll try to make this pass The question is would you advise against? shorting iron condors going into a earnings report that coincides with a large economic report like non-form payroll Everybody has their own way of trading and there's a line in In Jesse Livermore's book that always comes back to me and it not that it's wrong It's just that I don't do it. I don't get into complex Options positions I tend to look for hugely asymmetrical returns And they've done me well, so I'm it's just not something I do Let me Okay, let me find this, you know, I can just say real quick I've been selling iron condors. I had called in like a couple weeks ago or so and as how often they How often stocks move within the market movers prediction and you said about 80% Which really lit my eyes up. Anyway, I've been selling iron condors since then with great success In fact, they haven't had one that moved greater than the anticipated move until today. I had two And I was thinking, oh, you know what that was stupid. I shouldn't do it into a big economic report that could exaggerate the move It's not only the earnings report. It's also, you know, the economic report Yeah, I can't find it right here. We're going to the break but at the end of the show but Jesse Livermore had something that it was improved something like it's a it was a huge change in his operation where he quit playing and gambling and went to Trading stocks just on inevitable advances are declines. I'll talk about it on Monday. Thanks for the call Not when you have to and we'll see you Monday. Same bad channel. Same bad time Building wealth trading in the stock market seems impossible to