 The following is a presentation of TFNN. The morning market kickoff with your host, Tommy O'Brien. Good morning, everybody. I'm Tommy O'Brien, coming to you live from TFNN. Thanks for tuning in this morning, 9.06 a.m., Monday morning. We got about 25 minutes to go until the start of trading. We got a mixed market to kick things off. S&P is up about three points. Quite the acceleration we had to end last week, of course, right into all-time highs in the S&P, all-time highs in the Dow. Both of those indices in the green to start things off right now. S&P is up by three. How about the Dow? We might get $35,000 today for the first time in the Dow, folks. The Dow right now, $34,806, we're up 120 points. Tech stocks pulling back a bit, $13,658, NASDAQ 100, off about a third of a percent. And the Russell, up about two-tenths percent, $22.63. Crude up 46 cents, trading at $65.35. We got gasoline up 1.5 percent. Gasoline, we'll get into the hack on that colonial pipeline. Pretty dicey action when you think about a necessary commodity like gasoline, the largest pipeline existing, I believe, in North America. Let's jump to it right now, because quite a story out there. A hack knocks out a pipeline for the third day with traders on edge. Fuel traders are working to supply East Coast by tanker and barge. Now, check out this pipeline, folks. You're talking about from Houston up to Linden? Where is that? New Jersey? Where are we talking about? Potentially? Woodbury? Yeah, New Jersey, I think. You're running all the way talking about all the way up there. So colonial halted all operations on the system late Friday. They suffered a ransomware attack. It affected some of its IT systems. No clarity when that's going to resume. Traders seeking vessels to deliver gasoline that would have been otherwise shipped on the colonial system. And that comes, let's see. I believe it is one of the largest, yes, supply East Coast by tanker. I believe it's the largest pipeline. I saw that on somewhere. Nonetheless, that's a big one out there. Really dicey when you think about we got to spend some money as a US government to make sure that something like our infrastructure of our gas pipelines are protected from ransomware attacks, which seemed like pretty simple way to disrupt things in a pretty epic manner. It doesn't take a lot of work to do a ransomware attack if you're talking about shutting down pipelines across the country for gas. I mean, right now it seems like they're going to be OK. When you get into things, they have curbs for domestic transportation. Those have been a race to deal with the shortages. You also have measures that they've considered with foreign tankers. There are ways to get around this. You have a global head of commodities at Goldman Sachs, top up more important, importantly, Department of Transportation. They've listed lifted restrictions around trucking and boat transportation. So you have other avenues. They're a major source of gas, diesel and jet fuel to the East Coast. How about a capacity to send 2.5 million barrels a day from Houston as far as North Carolina and another almost million barrels to New York? Just a big number. OK, let's jump around to what else we got going on. We got to talk about. Elon Musk and Dogecoin. It's just a lesson in. Supply and demand and how certain vehicles in this market are moving right now, folks. I've said it many times and we're seeing it again. Dogecoin, much like almost GameStop at some of its euphoric levels, there's a nature where some of these vehicles for trading are kind of just becoming a game of hot potato, OK, where you just got to be the person that's not the last person. And don't get stuck with the hot potato when you're fine. OK, now, Dogecoin, it was remarkable, folks. I didn't actually get a chance to watch the beginning of SNL. I was watching something else. I was up, so I pull up Dogecoin and what was happening? Dogecoin. Now, let's see. I believe the eighth was Saturday night. Yes. So the eighth you want to find about 11 o'clock to 1130 at night, folks, and it dropped from like 65 cents to 42 pennies by the next morning by Sunday morning at eight in the morning. Dogecoin had pulled back from a high of seventy four cents approximately going into Elon's appearance. Now, that was Saturday morning. OK, so maybe the real astute traders out there said, you know what? I'm going to be buying all the way until Saturday because Saturday is the day that I'm going to be taking my profits. It's it's seventy four cents almost. I don't want to be the person left holding the bag when Elon hosts SNL and he calls Dogecoin a hustle, which is what he did, folks. He called it a hustle, but it's at 40. And now it's at fifty one cents, folks, as we've been saying, it's probably going to zero. Bitcoin is probably going to a million bucks eventually. I exaggerate, but there's just two different divergences. You know, TFNN could hire a couple of programmers and create their own crypto overnight tomorrow. It would be very similar to Dogecoin. It would probably be worthless, just like Dogecoin is going to be. Now, TFNNs might not, but you get the point. Just remarkable in terms of the real amount of money. All the articles last week were talking about Dogecoin with a market cap of potentially $90 billion. Folks, you traded from seventy four cents to 40. What was the low forty one cents? You almost got cut in half. That's talking about tens of billions of dollars of supposed wealth, right? Where people are considering this money that they have in their account, invested in Dogecoin, wiped out in a matter of like 12 hours. So just be careful out there. It's a real lesson in a big way. And another article just reiterating it. Binance, biggest crypto exchange. Binance briefly suspends withdrawals. Did you hear that one, folks? Yeah, that's a great balance. You got there in Dogecoin, but good luck getting it out. It's just remarkable, the amount of risks that still exist in the crypto sector. When you talk about one of the biggest exchanges out there, if not the biggest, finance briefly suspending. No, you can't have your money. You're not getting your money right now. We're not sending it out on Monday with draws in our resume. Thank you for your patience. You don't want to see that, folks. You know, as as a crypto exchange, that's just not an option suspending withdrawals. But guess what? It was they made the announcement on Twitter that they had stopped withdrawals and then a half hour letter said they had resumed and they didn't elaborate on the reason behind the move and the spokespeople for the exchange didn't immediately return a quest for comment. Makes zero sense, folks, right? Makes zero sense. Spikes on your back should be up. You should not have money on there. If you do, I'd get it off as quickly as you could until you can figure out what's going on. Not uncommon from the deal of trading disruptions or errors, especially with thousands of new users flocking to they're attracting more than 300 users a day. I mean, that's just inexcusable, though. If you have your money in there, folks, it's an unregulated industry in many occasions, and that's one of the risks, which is why some of the returns are so stark. I mean, bringing it back to Dogecoin, folks. You don't have to go back far putting this on a year. You have to go back to January, late January of this year to where Dogecoin was under a penny. It came into SNL at about seventy four cents. All right. Now, with that in mind, Ethereum is just on fire. We're talking about four thousand dollars. Now, Ethereum, one of the cryptos, if not the crypto, used for all the NFTs, non-fungible tokens, which is all the rage right now. Now, this this is not going to zero quite a different divergence. If you're going to get into the cryptos, folks, you want the wind at your back, right? Yeah, you might be able to make seven seventy times your money if you buy a crypto that's worthless. And somehow the market gets in a frenzy and sends it up for no reason. But in terms of ones that can really appreciate Ethereum, Bitcoin, you're going to have the wind at your back. I mean, check out this chart. Look at that chart on Ethereum. You don't have to go back far, folks. You just go back to November of 2020. We're trading at five hundred dollars, let alone you go back to almost a year ago and you were at two hundred. That's twenty times your money. And a year ago, Ethereum, a much better investment than anything like Dogecoin. This thing is through the roof. Eventually, you're going to get a pullback. I mean, just in February, you traded from two thousand down to fourteen hundred. You pull back thirty percent in a heartbeat. But Ethereum is here to stay. Bitcoin here to stay as well. Bitcoin this morning trading about fifty eight thousand. We hit almost sixty thousand last night. Fifty nine thousand nine hundred. Stay tuned, folks. We'll be talking equities when we get back. We're talking earnings. We got Disney earnings coming up Thursday. We'll be right back. With the omnipotence of these ratios, Larry Pezzavento is a forty five year market veteran who has published nearly a dozen books on the powerful patterns we find in nature and their relationships with the ever elusive markets. Larry's newsletter, Fibonacci twenty four seven, will teach you to harness the power of these natural golden ratios in order to create successful trades. Fibonacci twenty four seven is designed to teach the tools you need to identify and act on these undeniable and reoccurring patterns. Sign up for Larry's newsletter, Fibonacci twenty four seven and you will also receive free access to his trading webinar, Trading Strong Trending Markets. Try out Larry's newsletter risk free. 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You can test drive the Tiger's Den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Details on the Tiger's Den are on the front page of TFNN.com. Welcome back folks. We have the S&Ps up by one point right now trading a 42-27 Dow up 115 points. As I mentioned, we get some earnings this week. So we got about nine out of 10 companies and the S&P 500 have already reported numbers. Spent quite a strong earning season. Expectations pretty high going into the surrounding season. Market has continued to trade higher though. S&P at all time highs. Dow at all time highs. Disney out with their numbers on Thursday after the closing bell, I believe. Let's jump over to the analyze tab. You're talking about a $6.61 move and their earnings are yes, May 13th. So you're talking about Thursday after the bell, I believe with their earnings. You're talking about $184 stock. Now you get into in terms of the weekly with so-called $6.61. I talk about with Kevin Hinks, their program of thinkorswim fast market every trading day at 11 a.m. live on Tiger TV, the applied volatility, right? So on a weekly basis right now, you get an implied volatility of these earnings. Now this is gonna re-register in terms of once the markets open at 9.30 in the morning, this number as of the close on Friday. But nonetheless, you can see about an $8.50 move they're looking for the week. There will be some volatility here on the Disney earnings. It'll be interesting to see how the streaming plays into things, which is probably the long-term growth of the company, which if you're a long-term investor on Disney you should really care about. You shouldn't really care about. This is my bias. We have Disney in my newsletter. I have Disney as well. You can't care about whether they're open in the parks this week or next week, folks. They're dealing with a lot of woes as an investor. This is the fundamental take on things. All right, we're gonna jump to the technical take on things as we come into earnings as well. You can't get caught up as a long-term investor of where the parks open a week or two. The market probably won't as well. That's common. We're almost there. California, I believe is that back open right now. Florida has been open for a while, not back at capacity yet, but Disney. You put this thing on a, let's put it on a three-year weekly to see the full run. Now you go from $80 to $203. We've pulled back the area you wanna look to. We're coming right back to it. Kind of the highs of where we started the year. That high, $183.40. This morning we're gonna open about $2 above that level. You can see we've been chopping around. I'm gonna put this thing back on a daily so we can really zoom in on the action. As you see, we're coming right into an area of support. We're coming into earnings, $185. Could be an area that you could add a little bit of a partial position if you're looking to get in Disney, folks. We're 20 bucks off the highs. We're at an area of support. We're gonna have some volatility. It's earnings season. It's earnings week for Disney. And getting into what, in terms of the market, is expecting for Disney. Okay, excuse me. And as I, before I jump to it, there's a Yahoo Finance article. They have a great earnings calendar. If you ever need to check it out, folks, there's a few, but Yahoo does as well. I was just reading about what's on the schedule this week. We talked about retail sales, Friday morning, CPI data, Wednesday morning. We have earnings season as well. Disney coming out with their numbers. Well, now as they mentioned, so March, strong, strong numbers for Disney Plus. They announced that they had top 100 million subscribers on their last earnings. They crossed that just 16 months after launching the service. Can you imagine launching a TV streaming service? And within 16 months, you have 100 million subscribers. There's very few companies out there in the world that could do that. Disney, one of them for sure. That's put them as a competitor with Netflix. Now, Netflix is a 208 million worldwide. Disney has talked about this for it's gonna be interesting. So Netflix, all right, coming into Disney earnings on Thursday. Netflix really missed the mark on their last earnings, right? We're gonna zoom in on the action. There's the drop off from their last numbers. They missed in a big way. That was their earnings. They come into that number at about 550. We're now trading about 503 on Netflix. Their numbers, they only added 3.98 million in the first quarter. The market was looking for 6.3. They guided below estimates as well. So Disney coming into that market probably a little wary. Now, what's the difference here? Has Netflix started to wane? Have they started to slow their growth? Is there a mature company? Is Disney new enough that they're gonna be able to meet expectations when Netflix could not? We're gonna find out Thursday. Disney talked about in March that they expect to reach 230 and 260 global million, global subscribers by the end of fiscal 2024. And I think that's just for Disney. Let alone when you combine ESPN and Hulu, that number rises to 300 to 350 million, I believe. So that's gonna be stark numbers. Now they talk about the parks, right? You got Disneyland in Paris. I don't even talk about Paris, right? Paris, California, really just getting back into things. Overall, Wall Street's gonna be looking for Disney. They're gonna be looking for earnings of 28 cents a share. This is Thursday. Revenue, 15.85 billion. Fourth straight year-over-year drop in sales. That's what they'll be looking for. Now Disney's up 1.7% year-to-date. As I showed you just on the chart, we've pulled back that support area about 18340, which is correlated to the previous high. As it mentions, underperforming the S&P 500. Disney had really that huge run from November when we get the vaccine efficacy to the highs it made above 200. We've pulled back a bit, but we get their numbers out in terms of what they'll be looking for. And that was the Disney breakdown. Jumping around to some of the other stocks. Now Thursday's a big one, because we get Airbnb as well, and we get DoorDash and Coinbase. That'll be interesting. Coinbase just going public, right? Let's see how they're reacting this morning. They're gonna be opening up about $3. We get a bid ask around 266 since this thing goes public. It's been a slow ride down. Now Coinbase should be helped out a lot by the fact that the legitimate coins are just doing phenomenally. Bitcoin holding so well near 60,000, right? Ethereum trading about 4,200. Ethereum was just at $200 within a year ago. Coinbase though, we're talking about a valuation of about $60 billion. All the talk was maybe $100 billion originally when that thing was trying to go public. Airbnb, they'll be out with their numbers on Thursday as well after the bell I believe. Yes, after the bell on Thursday, Airbnb. Now let's check out what we got going on. Price in about $11. I'm gonna check back on these in terms of the expected moves when the option market opens at 9.30. But they'll be out with their numbers. Let's just scan down some of the companies we got and we're gonna jump to them this morning. We already have Marriott and Cody, I believe, out with their numbers. Tyson might be out with their numbers as well. Is that correct? Let's check it out. All right, I know that Cody is out with their numbers, I believe. They sure are, they're trading lower. There you go, so they're out with their numbers. Let's jump to some of the move stocks that we have going on right now. Give me one second. We're gonna jump to Marriott and Cody to kick things off. So Cody numbers, break even fiscal third quarter, matching estimates, revenue in line with estimates sales, 3.3% below year ago levels. Wish some of these, we're gonna have to dig in. I want 2019 comps, folks. 2010 comps, it's an anomaly year. You can't really go off those levels. 2019 comps, tell me where we are compared to the last year that life was normal prior to COVID. Cody though, trading lower to the tune of about, I mean, that's quite a move. 70 cents for a $10.34 stock. Marriott out with their numbers as well. Pretty choppy action, a little bit lower to about 145. Marriott earned 10 cents a share for the first quarter. They beat by 3 cents, revenue slightly below forecast. They said though, they're seeing a rebound in demand with vaccinations. You have shares down a bit this morning. What else we got going on? Tyson out with their numbers. Tyson, maker of chicken and food, little volatility. We're down a few bucks. Let's put this on a three year weekly, even quite a run we've had recently, but not quite back up to where we were prior to COVID. You were trading at $94 and change. You get cut in half to 42. We've seen a slow rise back to 78 on their earnings. They're gonna trade down a little bit lower this morning. They earned $1.31 share. They beat $1.12 estimate revenue also above forecast. They expect it's chicken segment to continue to experience some pressure to a challenging labor environment in severe winter weather. Interesting, all the variables going into these companies and their producing earnings. Talking about interesting labor environment, right? That's one way to put things, a challenging labor environment. Of course, 266,000 jobs added in the month of April. That number out Friday, all the discussion about potentially wages, how that plays into things. Tyson weighing on things a bit, but that's a strong company. And I imagine they'll get back up to those levels eventually, $78 for Tyson. Stay tuned, folks. We'll be right back for the opening bell in three minutes. Give us a call. What are you trading this week? 877-927-6648, we'll be right back. Hi, folks, this is Tom O'Brien. The printing presses are working 24 hours a day, seven days a week. The US deficit has risen 200% in one year with no end in sight. The markets are looking for an additional stimulus bill to get us through this once in a generation pandemic. There is no free lunch, folks. The more stimulus dollars put into the marketplace, the less your dollar's worth each and every day. This is the time to protect yourself with a portion of your portfolio in the metal market. The Gold Report comes out each Monday morning. I bisect and dissect the dollar, silver, gold, the XAU and the HUI. The Gold Report is a long-term hedge against the dilution of your buying power. 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Tech stocks slightly in the red. NASDAQ 100 off 76 points. The Russell off by one point. And I got a chart of copper up here, up another 1.2% on a monthly basis, quite an acceleration. You're talking about when you go back to March of 2020, copper was under $2. We're trading above 480 right now. Just bringing this, whoops, just bringing this back for a daily for the year. You have copper. I mean, look at just the last few days. Just the last few days. We're up from 450 on the dot. The low from May 6th, we're trading as high as 4888 to 480 right now. Just a remarkable trend. I mean, you look at all these commodities, right? So we're on copper right now. We talked about gas getting a spike because of the hack of the colonial pipeline. Let alone you go down the list, platinum, continuing to run. I'm just gonna put these back here on a three-year weekly to see the acceleration from 562 to 1276. Platinum, the highest 1384. Palladium hitting above 3,000. I believe that's last week. It's sitting at 2993. Just crazy action across the board. Let's take a look at notes and bonds right now. We got the tenure trading up three ticks. You see where we are backing things up. Quite an area of consolidation maybe as we're sitting at 132.27. You're correlating to a 382 retracement of the entire move we got. Now that's the entire move from October of 2018 in the tenure, all the way to the spike high of COVID, we'll call it March of 2020. You pull back to a 382. You also pull back to an area we had of resistance turning into a little bit of a support at about the 131.24, 132.24 area, chopping around those levels on the tenure. As I mentioned, you're talking about a yield right now, 1.575%. All right, let's jump around to some of the equities. Let's jump around to some of the fact stocks. See how the markets are opening this morning. We'll jump to the biggest of them all, Apple shares. Apple, zooming in on 15 minute, we're down 1.1%. And that is a drop-off, folks, to kick things off. Tech stocks, looking to pull back. We get the NASDAQ 100, now down almost 115 points. Microsoft shares dropping as well, 249. Technology stocks, pretty remarkable, right? Couple of weeks ago, they crushed it out of the park with earnings and they've all kind of waned a bit. Amazon shares pulling back, 32.59. Jump to Netflix shares pulling back, down a percent, 1.04% at 498. Facebook shares giving it up as well, 312. Google shares, down 1.3%, Google, one of the strongest ones out here. Watch out for the tech stocks and there's a drop for you from 13,650, 13,603 S&Ps, basically flat right now. All right, what else we got going on? Jumping around to some of the other stocks making moves. You got all the copper stocks, Freeport, Macmaran, Heckless, Southern Copper. Let's just jump to some of them. FCX, let me look at some of these around the spokes. If you haven't tried out my dad's Gold Report, folks, great time to do it. He puts out a new report throughout the day Monday. I believe that's gonna come out shortly. Gold Report, check it out. Some of these equities covered in there, Freeport, Macmaran, up another 2.5% remarkable. Just the beginning of the year, you were trained at 25. You're trained at 45. You were just trained at 30, March 25th. And sometimes you think this run, how do you buy an equity that's risen from seven bucks to 30 while you're buying, because it might be at 45 bucks in the next month and a half. Heckler, HL, yeah, up 4% today. When they say Southern Copper, SCCO as well, up 5.8%, just runs across the board. Now, Gold's catching a bit as well. I mean, a lot of the Gold equities, what do we have Gold doing this morning so far? We got Gold right now, up $15 at 18.45. Gold, interesting, jumping right to the 3.8.2 line. You know, the entire move we had for Gold, from the lows of 14.50 to the highs of 2089, you bounce off the 6.18. You've now risen to exactly the 3.8.2. We'll see where we go from here. You had a little bit of a consolidation from late November into February around that area, 18.45, we're trading within a dollar of that price level of Gold, 18.44 this morning. All right, what else we got going on, jumping around? Let's see, we got LiveNation getting an upgrade. They said a 13% pullback in terms of Jeffery, saying a 13% pullback has provided an attractive entry for concert and live events promoter, Live. They call them a pure recovery play. They're up a little bit this morning, L-Y-V is their symbol. Yeah, they're up 2.3%. That's a weekly, putting them on a daily. We were up to 94, I guess that pullback, look at that acceleration they had on their earnings coming up, $81 up another 2.3%. Folks, I imagine that it's gonna be a phenomenal time to be in the large event business eventually. Once we get over some of this vaccine hesitancy, please, if you can folks, encourage people in your life because that's what it's gonna take. The vaccine is safe, it is effective, get out there, get it done, we get back to life. I imagine it's gonna happen, folks. I'm very optimistic, but it's taken longer than unfortunately it has to, but once it happens, concerts, I mean, can you imagine, once we get back to that level, that there's no more fear at all and people are comfortable being around large groups. I just imagine things are gonna be selling out for the meantime for a year or two, at least it'll be a good time. Now you jump into what this company is worth, right? You jump into the analyze tab, the fundamentals. You're talking about a company about $18 billion, quite a company for sure, but you just shave $13 still off the high point that we got back to the last earnings around March. All right, all right, so let's jump around to what else we got going on. Let me check out how long we have. So we talked about Disney, we talked about other companies. Let's take a look at some of the other companies we have with earnings this week. So Bumble is out with their numbers, should be interesting. They just went public, online dating, right? Bumble, there's their entire makeup of trading, not quite the start you'd want. 84, 80 was the price they got, February 12th. It's been a slow decline since then. You pull up the analyze tab, you're talking about a company valued about $6.5 billion, not bad for an online dating site. $56, but man, you're chopping around these lower levels of $55. They got a lot to talk about when you're talking about a company, $6.5 billion, it's gonna be the second time they've come out with earnings, but as you see, we're under the price level we're at on their last earnings. They're out Thursday morning with their numbers and jumping over to the number, you're talking about a 10% move. The market is pricing in to new equity. It would make sense, right? Volatility, but 10% they'll be looking for and their numbers as they come out. Excuse me. Okay, what else we got going on? Let's jump to some of the other companies we have with earnings this week. Let's jump down. Okay, so after the bell tonight, we get Roblox, they're like, they're like a very talked about company, right? Let's just pull them up. RBLX, they just went public as well. Gaming platform, I believe it is, right? Roblox, so they have more than a 10% move. Yeah, so they just go public in the beginning of March. We're trained at $67. Their numbers are after the bell tonight. You're talking about a 10% move. Now folks, if you think, if you trade options, if you're in the option market, if you watch the fast market program at 11 o'clock, if you subscribe to my newsletter, Rocket Equities and Options, I encourage you to give it a try, 30 day money back guarantee and everything we do at TFNN, folks. I'm gonna have a report out later this afternoon for subscribers. I always send out a report on Monday along with updates throughout the week. You really want, whenever you're trading, multi-leg options, like right now, walk through Roblox, okay? They have, you're talking about a $7.52 move priced into options. That might be a great time to absorb some premium. Now listen, the market is pricing that in because this is the first time a company is gonna report numbers as a public company. That's a volatile period of uncertainty when you're coming into how the market's gonna react to their first numbers of the public company and they're reporting. We know their numbers from prior quarters when they go public. It's a little bit different when you start posting those numbers and see how the supply and demand reacts. Now the point being, you get over to the analyze tab, we'll talk about adding simulated trades. The newest event, $7.50, the implied volatility for the entire move for this week, okay, is about an $8.14 move. What you really wanna be careful of, folks, is what I'm gonna get to is here. You wanna make sure there's enough volatility in an equities options before you start trading multi-leg options to make sure. Now just for instance, the stock's trading at $67.50. Look at some of the bid-ask spreads, folks, and some of these puts and calls. You wanna be very careful. You're talking about a $1.50 put-call spread here in terms of a buy, the bid and the ask. Percentage-wise, almost not able to make money unless you're able to get in the middle of that spread. Finish this up and we get back for a break. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa and Clearwater markets? Tiger Real Estate, LLC, is a firm that has extensive experience in the Tampa Bay Area. 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The Dow continuing to show strength up 185. Jumping over back to the conversation in terms of liquidity and options. You can see how wide the bid-ass spread is in something like Robilux, not traded to the degree of any of the big tech stocks. Maybe you're not gonna get the same amount of liquidity. You might see it yourself. Man, look at this, you got $7.45 a premium priced into a $67 equity. If you think the market isn't gonna move more than 10% in this equity, you could say, man, I'm gonna sell some of this premium. Okay, well what are you gonna do? Maybe you're gonna sell an at the money or a little bit out of the money bid-ass spread. Now, yeah, you get five bucks away, it starts to vary. But you're still talking about 25 cents, 30 cents of bid-ass spread. If you're trading two sides of this, you're talking about 60 cents, you're talking about paying almost, basically 10% of the premium you would collect in possibly a bid-ass spread. The other thing to consider, can you get out of this trade at a fair price if it is not liquid enough when you're dealing with multiple-leg options? Just something to consider, folks. When you're looking at these, you can look at the equities, look at the options, make sure you have that liquidity, make sure that the bid-ass spread is tight enough if you're gonna be trading multi-leg options. All right, I'm gonna jump around a little bit, fundamental news over the weekend, and man, it is tough news. The horse racing industry, it is a tough one to put it lightly. Talk about being rattled with some problems. So Kentucky Derby winner, Medina Spirit, if you didn't see it, folks, some of the details are staggering. So you have arguably one of the most famous trainers ever out there, Bob Bafford. His horses have failed five tests in a little more than a year prior to this. I believe that is. Coming into the Derby, suspended, yes, surprise, he's denied wrongdoing. I believe they have to confirm that failed test for him to be stripped of the Kentucky Derby winner. The second place runner would be given the title. It's only the third horse in the 147-year history to receive such a penalty after finishing first. They have to take a second sample. Now, this article was as of yesterday, maybe that second sample's done yet, not sure, but what's so wild in all of this is that I watched some of the Derby that came out. I think it was like May 1st, maybe it was like 10 days ago. Something maybe it was last weekend. I think it was last weekend, right? Watched some of the Derby. Bafford I'm very familiar with, just from watching the big races that go on. And horse racing has had a notorious history of doping and so forth. Now, the drug found in Medina Spirit's system was betamethasone, a corticosteroid injected into joints to reduce pain and swelling. That was a conference made Sunday that they were talking about. And it was five times that this horse, not this horse, that his horses had been tested positive. Now, the thing that is most remarkable I'm scrolling down here to get down to is that twice, and I wanna find this. Yes, regulators in Arkansas last month upheld a ruling that banned substance had been found in two of Bafford's horses, but they decided to reduce his penalty from a suspension to a fine. So two horses of Bafford's like last month had been tested positive. It's just remarkable how much this stuff persists. And I hope they really slap on the penalty and ban him and he's marked forever because it's a bummer hurting these horses like he is. And who do we have? We gotta call our folks. We got my dad on the line. What's happening? Good Monday morning, dad. What's happening, man? What's happening, man? Well, Bridget and I are sitting here overlooking Crystal Bay and we're bumming out when you're talking about this horse too because that was an amazing race, man. And it's such garbage, man, isn't it? Yeah, it really is, man. They gotta get their act together. I don't know how that happens, right? You know, I mean, we do know how it happens. You know, you see it. But what I found so interesting, right? Is that in any other sport, right? Baseball, they're talking about all these guys that juiced, right? Still, they're talking about Mark McGuire. Where's the coverage on NBC, you know, door-to-door coverage and Bafford's like the glorious Bafford the whole day. And nobody really knows that he's just testing positive left and right and they're not finding it. I mean, that should have been a story that people would care about that should have been out there, but of course not because they're glorifying their own coverage to get ratings for an industry that's just riddled with drugs in these horses. Right, and you know, that when you were just bringing that deal up, so we got a $1,500 fine. Well, it's worth millions of dollars. It's like a $1,500 fine. This is like insane. He's arguably, I mean, the most declaimed trainer ever, man. I think that was his seventh Derby winner that he had. Yeah, so, you know, yeah, it is. But thankfully they got him this time and hopefully this really wakes up. And they talk about that. I guess there's a new law that's going into effect in 2022. Yeah, so horse racing integrity and safety act passed last year in Congress. It's gonna take effect July of next year and it calls for broad overseeing. The FTC is gonna be writing rules and penalties enforced by the US Anti-Doping Agency. So he was probably trying to get in the last hurrah, right, before they set the rules. And it's a bummer, man, because those horses pay the penalties, folks. It's, that's it. It's just animal cruelty. I know, and you know, it's so terrible, Tommy, is that we all like it, you know, and trust me, folks, we're from a trading family anyway. But it's so sad because we love animals, man. And they're jacking them up, man. Yeah. It's like pure BS. It's unbelievable. Yeah, I mean, they know that, you know, these drugs, they basically can mask injury. So you have pre-race inspections, number one, that the horse can't get found. And then number two, of course, that they have these drugs where they just mask any pain the horse has while he's running and then he hurts himself, of course. And that horse was incredible. I think that was an awesome race too. I've never seen, I mean, because his spirit was freaking amazing, right? I mean, it really was. It was a great race. It was. It was cool to watch. And it was just a bummer to see. I know, but anytime there's money involved, right? That's the bummer, man. You got money and fame involved and people are gonna float the rules and it's a bummer. Yeah. So market-wise, pretty interesting, right? I mean, the Dow industry doesn't stop, right? It doesn't, man. What'd we hit? 34,924 in the futures. I got a chart line up here, man. Bud Rolfe's our man, right? We've broken above the channel line. We came back and tested it on May 4th. We tested it with a low on May 4th of 33,654 with 1,300 points above that price level in six days, four trading days. So yeah, it's quite a rocket ship, man. We're within 100 points of 35,000 on the futures. Get those hats out, man. Get them out, man, that's right. And actually, you know what? As I say that, I just pulled up the cash. We just hit 35,000 in the cash for the Dow. So you'll see that headline today for sure. Amazing. And the NASDAQ, you know, my take, folks, is this NASDAQ has short-term top. So we'll see where the shake's out, but it's gonna be really intriguing, man, because it just can't seem to catch a bid. So we'll see it. No, they're chatting about Apple in the den this morning. Got some pinkies on them. 1.2%, Apple dropping out of bed this morning. I mean, how's it feel to be some of these tech executives, right? I mean, it's been cloud nine for the last year as these stocks have been through the roof, but it's gotta be tough coming into earning season, taking in $10 billion of revenue more than the market thinks. And you just can't find a bid over a couple of weeks. I know, man, there's no doubt. And you know, the bottom line is that if we switch to the metals, I mean, copper's amazing. Copper's at an all-time high, man. Copper's at an all-time high. Does it hang with us? All right, can you hang with us? Cool. Yeah, absolutely. We're gonna keep my dad on the line. Perfect. We'll talk some metals. I'm sure people wanna see what's going on. We have gold right now of $12 this morning, folks. We'll be right back talking metals. Stay tuned. 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. 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It includes a special blend of ionic, soil-based, vitamins, minerals, fatty and amino acids in an easy to use liquid form. Primal Edge is powered by highly concentrated humic and fulvic acids. Nature's preferred delivery system. They've been called miracle molecules because like sunlight, air, and water, without them life cannot exist. That's right, Ellen. They ensure we receive all the nutrition we need to be healthy and thrive. We take it every morning. Primal Edge, just $89 exclusively at tfnn.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com. Welcome back, folks. We have the S&Ps minus by three. We got the Dow breaking 35,000. We got my dad, Tom, O'Brien on the phone, and we're talking some metals. So gold up $9, 1840. And yeah, how about copper, right? Copper continuing. We had 488, and I was talking about this earlier. Man, just a rocket ship, and it's not stopping, man. You put this thing even on a monthly and a weekly. It's just gangbusters. It's amazing, and for all you folks that are in the metals market, what you're gonna see here is that copper is a byproduct of the gold and silver market. So what you're gonna see, I suspect in another 90 days, we're gonna see some big numbers, man, coming out of these equities because the byproduct, most times it's like, okay, it's not a big deal, but guess what? At 478 a pound, man, it's a monster deal. So it's gonna be pretty wild. And the dollar, you know, on Friday, I mean, just got absolutely smoked. I mean, it looks like the dollar wants to go to 89. We're at 90.177 right now. So we'll see where this whole thing shakes out. I heard you're talking about Dogecoin. Is that, is Dogecoin, where's the Dogecoin? Dogecoin, I think of it like a doji, except Dogecoin, yeah. Yeah, I mean, that is something else, man. I mean, you know what's so incredible is that being in the finance business is like, okay, man, how do you analyze that? You can't. I mean, it's impossible. Yeah. You know what I mean? We can sit here and say, why didn't we buy it? Because it's worth a lot of money, it's impossible. As long as you know that it might, I mean, it's a hustle, and you call it a hustle, and guess what, man? You can make a lot of money hustling though, right? And some sure you have, but there's nothing, there's no difference from this stop dropping from 70 cents to 50 cents, with it dropping from 70 cents to five cents. That's the difference. You know, they're all arbitrary numbers if they might eventually go to zero, because it's just who's paying what next, which is a dicey game of, depending on how much money you're playing it for, man. But they're playing it for tens of billions of dollars in Dogecoin. Right. And you know, I heard you're talking about Ethereum. I'm hoping, I think, remember, we haven't heard from Paul for a long time. Remember Paul? I remember Paul. He was talking about Ethereum, man. I hope he still owns all that. He's a good billionaire. I hope so too. I wish I socked some away at about 200 bucks, man. Because it was, Okay, pal, love you, man. Love you too, man. Have a great day. Thanks, Paul. Thanks, man. Folks, thanks for tuning in. We got SP's down by three. We got the Dow, 35,000. The Dow. There we go. Stay tuned, folks. We've got Pastor Chapman coming up next, live programming all day at TFNN. We're right back, folks.