 The following is a presentation of TFNN. Good Wednesday morning, everybody. I'm Tommy O'Brien, coming to you live from TFNN just after 9 a.m. Eastern time. We got about 24 minutes to go until the start of trading and you got markets in negative territory just off the lows. You get the S&Ps, negative by 12 points right now. That's about a 30% of the red, trading at $39.28. NASDAQ 100, you're negative by 48 points. That's about 4-10% in the red. You're trading $11,722. We were higher overnight. We started trading lower, about 3 in the morning Eastern time. We're about 150 points in the NASDAQ 100 below where we were trading at that time. You back it up on the S&P. You were pushing a price level of $39.68. You're talking about 40 points in the red from where we escalated to overnight. We were up there again at about 3 a.m. Eastern time. Dow, negative by 99 points right now. Call it 131,078. We were above 32,000 for most of the overnight session until that same timeframe, about 3 a.m. when markets started turning south. Russell, negative by 4, 1760. You got Bitcoin. Back under 30,000, 209,055. It's accrued up $1 at $1,1087. We'll be talking about Antietta Kexat coming up at 40 past the hour. We talk to them every Wednesday, folks. From 4x-training-unlock.com. We always talk to them 4x. We usually get some crude as well. Crude holding up relatively well at 110 and change this morning. You got gold. Negative this morning. Down $17 at 1848. And we jumped to notes and bonds. You got a little bit of higher price and lower yield. We're talking about a yield right now. 2.73%. Talk about a reversal, right? You put this thing on a daily. There's your 10-year. I'm going to back it up. Get the full pull down that we had in terms of where we were 135 and change last August. I think we had the 10-year around 1.1%, 1.2%. Maybe if somebody knows, what was the 10-year yield sitting at when we started this move to lower prices? So basically the beginning of August, I think we're just above 1% somewhere around there. You were in quite a downtrend channel. Markets really escalating to the downside in the beginning of March. That's when yields got out of control. And I had mentioned, I mean, maybe this is just getting back within that channel line, right? You extend that line to the right as well. You're talking about maybe you can push up to a upper boundary line of 1.2421. We will see that. It'll be quite a rise. We're already 3.5 full points off of where we were on May 9th a couple weeks ago. Yields 2.73%. Back to a short-term timeframe. You jump over to the volatility index this morning back above 30. Excuse me. You have the VIX trading at 30.06%. All right. Jumping around what we have going on in the market. We'll kick it off with future slip before Fed minutes. So Fed minutes, 2 p.m. Eastern time today. You have yields falling as investors evaluate the Fed hike bets. Where are we going forward, man? It's going to be an interesting one. We'll see what the Fed had to say on their minutes. The last time we got the minutes, we got some serious action in the market. We'll be talking to our man, Kevin Hinks, coming up in a few minutes after the first break. But nonetheless, you have the Treasury yield falling while the dollar rebounded from a two-day drop and the euro sliding as comments from the ECB officials indicated policy normalization will be gradual. The ECB is in the midst of a debate of how aggressive it should act to rein in inflation. Nowhere near as aggressive as the U.S. is going to be that causing a little bit of craziness in terms of the dollar strength recently. Putting a hurt on gold, right? Putting a hurt on many things, causing our yields to rise dramatically. Lots of influences going on in this market. Economic data this morning. We've got durable goods orders rising on steady business equipment demand. So bookings for long-lasting goods, this number was out at 830 40 minutes ago, increased 0.4% in April. Core capital goods orders and shipments can continue to advance. So the headline number 0.4% in April after a downwardly revised 0.6% advance a month earlier. The value of cores, core capital goods, and that's investment in equipment that excludes aircraft and military hardware climbed 0.3% after a 1.1% gain a month earlier. The median estimates, the market was looking for a 0.6% increase in orders and 0.5% on the core numbers. So a slight miss. The figures suggest companies are adhering to capital expenditure plans as they seek to enhance productivity to ease the burden of high inflation. But it was a slight miss in terms of what they were looking for. So good shipments. A figure that is used to help calculate equipment investment in the government's gross domestic product report increased 0.8% pointing to a solid start to the second quarter. We also have factory surveys. Yeah, that's a slowdown on the horizon. So Philadelphia's index of capital expenditure six months from now dropped in May to a six year low. Well, a similar gauge for New York Fed was the weakest since August. Bookings for commercial aircraft in the United States. So let's jump over to Boeing because Boeing's been quite a problem child recently. BA is their symbol down to 117 last Friday. You put this thing on a daily man, right? You were in a downtrend channel that I was watching for a while. This thing just breaks out of it. Remarkable that you're talking about being down basically at the COVID lows when travel ceased to exist. You make it down to a low of 113 before you go here yet, folks. Because it has not found a bid just yet and you're going to open down another 50 cents to a dollar on Boeing shares this morning. All right, we jump over to Dick's morning goods out with their numbers. A little bit of a miss this morning. Shares sink after retailer cuts outlook for the year joining the broader retail trend. Tough, tough period for retail. So they now expect to earn between 915 and 1170 a share. The previous range was 1070 to 1310. Analysts were looking for 1256. It's not going to be 1256 if the range is 950 into 1170. Forecasting same-store sales growth to be down 8% to down 2% versus a previous expectation of 4% to flat. Analysts were calling for a year-over-year decline of 2.5%. So it's going to be down at least 2%, maybe down 8%. The market was looking for 2%. Earnings for the current quarter they report 285 versus 248. Revenue they beat as well, but it's not what have you done for me in the past. What are you going to do for me in the future? And there is the pullback of them recently. Now they've already paid quite a dear price in terms of retail, right? You back things up to just where it was this month. May 2nd, I got a 102 price tag on Dick's. Amazing, man. What's happened to retail in the month of May? Nothing is safe in this market, folks. Make sure you're diversified because nothing is safe right now in this market. From 100, you're going to open at $62. That's down from 147. You see the 618 on this chart of the entire acceleration from 13 bucks up to 147. Now you could say that that turned $13. You don't hear me. No, I think we're fine. Maybe you can check it out. Yeah. Okay. Dick's down to 62 bucks and you're basically right back to this consolidation in Dick's towards the later part of 2020. Now Dick's had a move of about $10 priced in for their earnings and that's about the move you're going to get this morning. You're trading at 62 bucks. You're getting a $9 move to the downside. You check out the 15 minute. We were as low as $57 on the news initially at 7.30 in the morning. We're opening at 62. Well, we're at least at 62 right now. We'll see where we open in about we got the S&P's negative by 15 points right now. We're going to be coming back with our man Kevin Hinks. We'll be talking a little bit of earnings. We'll be talking a little bit of Fed Minutes. We'll be right back folks. Inflation, we are purchasing powers eroded. There's no better place to protect your hard earned money than in gold. This the gold's flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. It's a world-class gold project in a tier one mining district. This is a large scale, low cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. This the gold just completed the Monk Todd Feasibility Study which resulted in a 7 million ounce gold reserve in a 16 year mine life. 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At TFNN all our newsletters come with a 30-day money-back guarantee so you have absolutely nothing to worry about. Visit TFNN.com a Tri-Mastering Probability 30 Days Risk-Free Today TFNN Educating Investors. Welcome back folks we get the S&P negative by 15 points right now you're looking at the Nasdaq 100 negative by 57 Dow off 133 we get the VIX sitting right at about 30. Let's jump over to our man Kevin Hicks every trading day folks 12 noon eastern time right here on Tiger TV Fast Market on the TD Ameritrade Network your host Kevin Hicks Tom White the team at TD Ameritrade Network they walk you through the days market action they set up hypothetical trades folks at every trade they set up you're talking about defined risk Kevin Hicks good morning Good morning Tommy O'Brien yep you know we've had kind of a it doesn't feel like it but in terms of economic data we've had kind of a quiet start to the week well that picks up pace today we just got a durable goods number we got some mortgage applications this morning and today at 2 o'clock eastern we'll get the Fed minutes I you know it's funny Tommy I don't I personally don't think that the release of the Fed minutes from two weeks ago should move the market but it always does without fail the market moves when we get the granular look at what happened at the Fed meeting so Fed minutes come out today and then we'll get a second look at GDP tomorrow and then we'll get personal income and outlays on Friday so there's a lot going on today and today we'll have NVIDIA without with earning daughter for the belt so still some good high profile earnings this week but I think the rest of this week Tommy what will keep people glued to their computers through the end of the day Friday is that inflation data on Friday yeah I can I was trying to look up the day Kevin because I remember chatting with you about the the last month the last time that we got Fed minutes was it early April maybe from the March meeting whatever it was it seemed like we got some fireworks man either way we're chatting about in the morning my my memories it's just in my own head I said man recently the market has reacted sometimes so two o'clock we get those Fed minutes we have some Dick's numbers continuing on retail pretty remarkable when you look at some of these stocks Dick's had already traded so much lower with the retail man they were sitting at a hundred and ten bucks basically just over a month ago let alone they were sitting at a hundred and two dollars on May 4th and you're going to open at 63 bucks what's your take on the overall retail sector man is there going to be a max pain situation here pretty remarkable strong companies like Dick's they're not going anywhere man they're going to be around 30 40% off the price that equity in a matter of a few weeks yeah retail is just going through a horrible you know the segment of their of the economy right now there they're trying to manage their inventories they're trying to get those right you know it's interesting that Dick's is down and and JW Northstrom is well it was up it was up 10% now it's up cool maybe a little over 1% but that's because the overall market but you know retail all these stocks some of them did better during the pandemic some did worse and they're all trying to figure out what their futures are you're right Dick's isn't going anywhere it's the largest sporting goods retailer in the country but they've got to figure out their data and a big part of our conversation with them yesterday was Nike right Nike is moving more and more product to online in e-commerce so that affects places like Dick's sporting goods and they're working on trying to get inventories right they had fairly good numbers but they guided poorly they guided poorly for the second half of the year as everyone Tommy is using a cautious tone for the second half of the year so yeah there's more pain coming in some of these names we'll get Dollar Tree today that will cover that's another discount retailer so yeah retail is always a volatile trade Tommy and it continues to be so the inventories you make a great point man some of the inventory levels I think target had like 43% inventory but huge numbers for a lot of these retails Walmart as well do you see Kevin because I've been chatting about even with my friends saying you know we're all aware of the inflation factor going on are these inventory numbers are they going to be discounting some of these large inventory levels that they have would that be like one of the factors that might contribute to inflation coming down because it makes you know if all these stores have so much merchandise I said you know there's going to be some sales coming at Target man because they got so much inventory they got to get rid of it is that something you're looking forward because I'm chatting even with my friends because these inventory levels it seems like they have to be discounting them at some degree and maybe that's one variable coming into the pricing of everything going on well let's just focus on Target because their conference quality their earnings talked about they have a big inventory in discretionary purchases that isn't moving and people are moving to more essential purchases as the economy starts to slow so that inventory of paniel furniture things like that discretionary purchases will probably have to be discounted and come down and that was part of the outsized weakness and Target was they're getting their inventory wrong when people are starting to move towards essentials they had a bunch of inventory in discretionary stock or inventory so yeah it's kind of a swing and a miss in terms of Target and you got to get that inventory discounted and out the door and get the new inventory in so yeah there's probably you'll probably get an indication of who got the inventory issue wrong by what they're discounting Tommy there might be some deals out there folks even you know I was starting to do in my head Kevin right saying I'm in the market potentially to get a bigger vehicle we got plenty of kids in the house they probably need a big SUV and maybe you'll see some some decreasing prices of just large SUVs because man these gas prices there's probably a lot of families rightfully so that we're not thinking that when they were buying a big SUV the gas was going to be pushing five bucks a barrel anytime soon when it wasn't even close to it a year ago so it's going to be interesting to see how some of our personal preferences personal buying behaviors because I imagine man the people just aren't going to be willing I mean we are a nation of SUVs right now man and at five bucks a gallon I imagine there might be some deals there as well well we go forward you mentioned one of the stocks that's coming up with earnings Kevin what are you guys talking about at 12 o'clock today yeah we'll talk about Dollar Tree and their earnings coming up after the bell we'll look at Nvidia with like folio and their earnings coming after the bell and then we'll look at Splunk in our third segment so three good names today focusing on earnings we'll look at all the economic data we'll look at the overall market futures are off their lows so there's a bit of affirming going on here none of the economic data was catastrophic so we'll see how this day plays out Tommy yeah and pretty I was just pulling up Dollar Tree even Dollar General I took a look at as well real quick Nvidia all of them about a 10% move maybe a little bit more priced into their numbers huge moves right now which has option traders you got to love folks you got premium you can do it both ways whether you're buying the premium you're selling the premium it's pretty cool as we come into and we got a VIX Kevin sitting at about 30 well we're coming into the long weekend man we got three days left we look forward to the show at 12 o'clock today Kevin and we'll talk to you tomorrow we'll be watching at noon man thanks for having me on Tommy have a great day you too Kevin take care always pleasure folks tune in 12 noon eastern time every trading day Kevin Hanks Tom White they walk you through the day's market action they walk you through hypothetical trades I got Nvidia up here on the Thinkorswim platform you have a market maker move expected of 1552 now this is as of the close of yesterday at 161 you talk about a pullback man from 346 to 161 you have a 16 dollar move priced in to their earnings tonight and you're talking about folks in August of 2020 Nvidia trading at 147 you get a move down within the expected move and you're back almost two years in Nvidia after being at 346 we'll see we'll jump over to the analyze tab we get their numbers after the bell tonight stay tuned folks we'll be back for the open we want to take advantage of the sector now is the time to subscribe to my goal report goal report is a comprehensive look at the metal sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30 day money back guarantee so you have nothing to lose every Monday morning I publish the goal 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 goal report sign up 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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 thinkorswim for more information just click the thinkorswim banner on the front page of TFNN.com welcome back folks we got markets open right now jumping back to the S&P you're negative by 12 points right now on a 15 minute basis you were as high as I mentioned at the start of the show almost pushing $39.70 you're trading $39.26 right now negative by 15 points let's jump around some of the fang stocks see how we're trading Amazon negative by about a tenth of a percent Microsoft shares down three quarters percent to kick off the trading day Apple down a full percent we get some big pullbacks right now if you have Apple down a percent you got Microsoft three quarters percent you have Google down 1.1 percent and somehow the Nasdaq 100 is only down 50 points we jump over to Tesla Tesla's flat talk about a pullback man it's just not stopping on Tesla down to 617 overnight you're back to 627 right now basically where you were as of the close of yesterday we jump around to Dix down 9.5 percent on their week forecast going forward for Dix sporting goods and as Kevin mentioned we get the dollar stores coming up Dollar Tree now you talk about some pullbacks folks look at the way that these equities got hit already that's the thing that's kind of crazy about Dix they've already to put things back on Dix right let's go back 20 days you have some serious gaps that's a one-way trip from 103 to 70 dollars and meanwhile they come up with the earnings that a lot of people already knew we're going to be pretty rough and you're still down 10 percent on that equity Dollar Tree there's your drop off for them from 156 that was last Wednesday down to 129 and that's where we're opening today when we jump over to the analyze tab they have their numbers tomorrow Dollar Tree 16 dollar move for a $13 stock so that's some serious volatility and Dollar General you're talking about a $17 move for $195 stock you take a look at their chart pretty similar action as we were just trading at 250 we're trading at 195 Kevin mentioned Nivedia they'll be talking about Nivedia we pulled up the longer term time frame they're talking about a $16 move their numbers after the bell tonight more than a 10% move priced in to the options on that equity and let's jump right to what else we have going on mortgage demand Kevin referenced it as we talked to him at the top of the hour mortgage demand slides even further as interest rates pull back slightly applications to refinance a home loan drop 2% for the week 75% lower than the same time a year earlier applications for a mortgage to purchase a home were flat week-to-week and down 16% from a year earlier the average contract interest rate for a 30-year fixed mortgage with a confirming loan balance of $647,000 or less 5.46% down from 5.49 so when somebody asks you what a 30 years going for folks it's going for 5.5% all right now it's going to be interesting to see how this plays out is you know chat with friends who are not in financial business but they're always in the business of whether it's investments home investments etc and the consensus seems to be that if you're a homeowner you're probably okay rents are so high what are you going to do you're going to sell your home right now for a 3.5% loan and go rent somewhere are you going to sell it and go buy somewhere else where the loan is going to be 5.5% now why would you do that right but if you are an investor man and you got a plethora of properties I would be very wary of how this is going to hit that market and yeah it's going to be a tough one man what about refinances as well right who's going to be refinancing their home for anytime soon yeah and what was it what's this is it rocket right what is no what's the rocket mortgage rocket rocket companies RKC is that rocket mortgage is that I think it is yeah if this doesn't tell you everything man when they went public I think this is yeah rocket yeah when they went public right Dan Snyder what's he he's he's got what does he own he owns one of those teams out there no Dan Snyder is Washington who owns who owns excuse me who owns who owns Quicken either way when they went public I said why are you going public man you're going public at peak of the market right there's no reason to go public and sell shares of your company if you have future growth coming down the line well I forget when they went public app at this thing chopped around between 15 as high as 30 you make it to 40 last year when things were rocking out of control and it's been a one-way ship to eight dollars and I would be careful because going forward I'm not sure how the refinance market plays out when you have people locked into mortgages yeah thanks dad so that yeah so they go in August of 2020 at 18 dollars yeah it's a rocket trajectory right into the ground man because it's going to take a lot for people to ever need to refinance now yes people buying right now right anybody buying homes at this level they're going to be the ones refinancing but the only people refinancing are going to be anybody buying a home 2022 forward for a very considerable period of time which if you think about how long the refinance acceleration has gone forward as rates went from double digits when I was born to zero percent basically recently there's no reason for anybody to refinance anytime soon unless you're one of the people that are buying a mortgage now as rates have risen and yeah this one you know pay attention when somebody goes public folks and they don't need to they had no reason to go public all right none whatsoever and they go public when business was booming and the only reason you do that is because you think that maybe you're at peak levels and look at that chart S&P charging back we're in positive territory man look at that pop to 3946 the Nasdaq pops as well let's see how those fank stocks are trading Apple still negative by oh no yeah Apple look at that pop man let's talk about moves Apple just pop basically $2 from where it was pre-market which is adding about $32 billion in market cap just like that as markets turn green let's see how Dix is trading on theirs I mean they've clawed back almost $10 of where they were initially to 57 bucks we jump around some of the other retail stocks you got Walmart down half a percent right now target positive by about three tenths you jump over to Amazon man talk about some pullbacks Amazon up 1% right now let's see how the stocks are coming out in the next couple days the video catches about by about $5 you're trading a $165 let's see the dollar stores basically hanging tough waiting for their earnings right now flat for Dollar Tree and Dollar General all right let's see what else we got going on for stocks making moves what do we got pulled up oh you know what I want to talk about is crypto so be very careful here folks Anderson Horowitz right they are well into crypto man I think they're a big player in the in the board 8th universe of everything going on they're starting a new fund of four four four point five billion dollar fund for backing crypto and blockchain companies okay so yes that's going to be crypto but don't take that as meaning that they're just starting a fund to go by Bitcoin okay because there is a lot more money to be made in the business that they're running and I understand it by like the faintest of notions what all I understand is they're basically printing currency giving themselves a bunch of it and then selling it off to everybody else you know that board Ape Yacht Club man and they start they're selling virtual land and they're selling virtual land in 8 coins they create the 8 coin they give themselves billions of the 8 coins it's probably a very very brilliant business idea right now but don't take that to mean that Bitcoin is going to be a huge buy at 30,000 because they can make money in that field by doing different things as opposed to just loading up in Bitcoin being able to print their own cryptocurrency and building an NFT world is a lot better way to make money in the crypto sector and I have no idea how to do it which is why I'm not doing it man but the brilliant men and women that do quite a time to be alive folks when you can literally just create your own currency print it off give yourself billions of it sell virtual land that has to be paid for in that cryptocurrency lock up those purchases for a year so they can't sell it the list goes on and on be very very wary we're going to talk about this we're going to talk a little bit about Luna and stay away from Tether folks if you are in Tether you got some risks we'll be talking to Teddy Kegstad we'll be right back folks are you in the market for buying or selling real estate in the Bay Area including the surrounding 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the 30 year have been trending higher for the past week and a half interestingly enough the 30 year bond had a reverse head and shoulders that it broke out of last week and over the past couple sessions it's been trying to edge you know push resistance a little bit so I mean right now if that head and shoulders pattern is really true we can still see a little bit more upside potential in interest rate or interest rate pricing meaning a little pressure on the dollar also with that variable but I think that the markets are getting kind of skittish because when you really see how much the dollar has corrected when it has over the past few months it hasn't corrected very much so I think we're kind of at that little friction point right now yeah when I just take a look at it on a six month basis I mean quite a little pull back what we have almost up to 105 right early May and we're sitting at 102.27 that's the DXY the Bloomberg index but that's coming as you say from a price point of 96 in almost March yeah not really a pullback we were you know I love Fibonacci levels I don't even have to put a Fibonacci level on that we're nowhere near even to the 382 in terms of a real pullback of still a bullish run breaking down the individual pairings where can we start off what are you looking at this week for the individual pairings okay well interestingly enough you know the end that I've been a bull of for very long has had a pretty nice correction over the past like especially weak or so I would be careful at these levels being a seller I'm not saying that we haven't seen the low yet but we are kind of bottoming in there especially with oil poise to break out to the upside you know so you got to realize that the second the bonds turn and the 10-year turn even on a daily basis you see this knee-jerk reaction in the US dollar yen trade so I think that as the interest rate trade starts to give a little relief meaning the rates are going short-term lower in the market rate and higher in pricing I think as that starts to nudge up against resistance and pullback you're going to see a big snapback in the US dollar yen as well you know so I really I really do believe that if oil does start to break out to the upside we're in front of a holiday weekend you know there's a lot of reasons to be more bullish oil than not and if we if we can break out if I mean right now we're wedging if we challenge the 1.16 level and hit it get above 1.16 well I can't see how the US dollar yen wouldn't explode to the upside you know so and the euro US dollar trade I would use caution at these levels because we already hit our short-term daily target we had a buy signal about a week and a half ago but we had a weekly buy signal that was finished yesterday or not yesterday last week and if that level runs out of gas you know that's why I was mentioning the head and shoulders interest rate market because these coincide with each other right now so you have the rate pressure going down meaning up in price and the dollar pulling back but it's very very sensitive you know and we have a lot of inflation numbers that hey you know we were talking about this months ago about how the lag is there and now people are accepting the fact that well we're going to be talking about inflation six months from now still you know and I even heard you earlier about people's choices you know like a target yeah maybe you can get a good deal on a patio set right now but people aren't going to be buying patio sets right now when they're spending six dollars a gallon. Right for sure yeah for sure hey we got a caller Teddy alright let's jump to a caller if you don't mind we got Jeff from Philly and he wants to talk a little New Zealand dollar Jeff good morning man thanks for calling in. Hi good morning Tommy thanks for taking my call and Teddy thanks for taking my call. I have an obscure question but I've been trading econ news and effects for about the last four years and I saw something last night that I've never seen before that there were two very strange price actions and I wanted to ask you if you had if you heard anything or you know just any comments on this so what I saw was there was a rate decision coming out in New Zealand at 10 o'clock Eastern time and three minutes before the news came out price started dropping the New Zealand against the US dollar started dropping I've seen sometimes news releases come out a little bit early maybe 10 seconds 30 seconds most something like that but this was three minutes early I saw the price started dropping and but then exactly at 10 o'clock when the news release came out it shot up like crazy with a huge move and actually made a lot of money but it shot up in the opposite direction and the weird thing about that I mean in addition to the early price drop for no apparent reason is that the forecast for that rate decision was 2% and the actual was 2% and 2.00% I mean precisely the same so when I see big price moves like this it's in response to some kind of a surprise but I mean it's going to be less of a surprise it exactly matched the forecast so to get this huge move without a surprise and to get the price dropped in the opposite direction a little bit before the news or three minutes before the news there's two very strange things well it isn't it isn't you got to remember when you're trading a news event you're typical especially in today's algo world so I would assume that probably right before that number you have a lot of liquidation where a lot of algos will actually shut off because they don't want to trade the number because of the noise that happens during those moments like you said everything came out as expected so now I think one of the biggest questions you have to ask is besides the knee jerk reaction on just the volatility of the number going out is what are the expectations are they going to continue to follow suit and I think that there is an interest rate war going on now with all the central banks it's a matter of who's going to catch up to who first except for like Japan where they're not doing anything when they said they would so I think that that's where you're getting these little reactions right now but you get the expectations no matter what for New Zealand are not that good so raising the interest rate would help support their currency more I mean right now New Zealand dollar isn't an upside correction I view it as a correction especially because their lockdown measures are very severe and still coming back again so there's a lot of reasons why their economic numbers are going to be very poor moving forward over the next six months so that's going to weigh on their currency and we know that they just pop their rate well we're going to pop our rate again in the next few weeks no matter what at least and more likely once we're going to pop our rate more than theirs so I think that that's why you're seeing this kind of reaction that you're looking at that happened okay great well thank you very much for your insight I appreciate you taking the time Jeff that was a great question man thanks so much for calling in alright thanks take care Teddy I appreciate the update as always man have a great holiday weekend and we look forward to chatting you next Wednesday we'll see where crude is following Memorial Day man higher it's not surprising man thanks so much Teddy I appreciate it as always okay you too man we'll talk to you next week stay tuned folks we'll be right back to Finish Up Show opening 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 and 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subscribe to the Fibonacci 24-7 newsletter today TFNN.com educating investors this segment is brought to you by Think or Swim for more information just click the Think or Swim banner on the front page of TFNN.com Welcome back folks we get the S&Ps positive by four right now the NASDAQ 100 positive by 17 the Dow positive by 35 and so sad what went on in Texas yesterday just got to say a couple words because man I was crying last night just watching Biden talk about it talking about those parents those families laying down wondering if they're ever gonna sleep again man the sadness is just devastating folks and of course I'm praying for those families but hopefully we can do something I don't know what it is it's so political I get it but you got to ask yourself what are we doing and we're doing nothing right now we got to do something okay we're doing nothing right now and the normal discourse goes let's put guards in schools alright I have a five year old in the house he goes to a school there's a guard there I like there's a guard there okay that's not going to solve the problem yesterday you had an 18 year old showing up with an assault rifle with body armor shooting the guards on his way into killing kids in the school that's not going to solve it folks so what are we doing okay for the greatest country in the world what are we doing ask yourself what are we doing what are we doing to create difference okay I don't know what the solution is but we often forget folks I was born in 1980 okay when I went to high school when I went to college there was a federal assault weapons ban from 1994 to 2004 it expired okay not saying that solves everything I'm not saying that that would even fly with this court right now but at least our country was trying to do something when I was in high school and we didn't even have the same problem they were trying to do something what are we doing what are we doing right now alright ask yourself what are we doing to make sure it doesn't happen again okay you had Dick Sporting Goods come out after the Parkland shooting in 2018 and they weren't going to sell guns anymore to kids 18 they were going to have only gun sales to people who are 21 I believe they weren't going to sell assault rifles either okay that's a company that's trying to do something okay what are we doing guards in schools aren't going to solve the problem when you have kids showing up who are 18 with assault rifles with body armor mowing guards down on their way into the school so what are we doing what are we doing folks we got to do something I got a one-year-old I got a five-year-old and I got a 15-year-old in the house okay and it's too real it's too sad and those poor families man I have them in my heart keep them in your hearts all those kids man so sad so gotta do something folks we got to come together and do something what are we doing stay tuned folks thanks so much for tuning in S&P's positive by five we got our