 The following is a presentation of TFNN the morning market kickoff With your host Tommy O'Brien Now Tommy O'Brien Good morning, everybody sizing up my screen a little bit here Thanks for starting your trading day off Thursday morning 906 a.m. As we jump right into it right now folks You have markets trading to lower price. We have the ECB. They're gonna be hiking rates We'll jump over to that in a moment the market trading a little bit south you have Europe trading negative as well right now You look at an S&P negative by 14 points trading right at about 4100 We had some nice price action overnight up to 4135 in the S&P's and We're currently trading at 4100 Nasdaq 100 you were trading above 12,700 we give up about 175 points for trading 12,000 550 you got the Dow right now negative by 80 points Russell negative by six Excuse me crude. How about crude yesterday? It doesn't stop man up to 123 18 You're talking about almost a $4 move in the price of crude over the period of about a few hours from 10 in the morning Till about 120 Eastern time Maybe they were out there watching our interview my interview yesterday with Teddy Kakes that talking about crude We got off the air at about 10 o'clock and this thing accelerated man I kid I have kid but today's been making some great calls in that crude market for sure crude Put this thing on a daily folks. You talk about continued strength, right? Yeah barely some negative action today But you're talking about basically now sitting at a sustained level I mean anywhere between 120 and 130 is the high in crude But we were not able to close above 125 you got yesterday to 123 18 so we were pushing the highs that we had back on March 7th over three months ago folks That is remarkable when you think about crude hit 130 three months ago March 7th and man It's still chopping around at a hundred and twenty one dollars per a barrel gold contract this morning down about five dollars to 1850 right now Silver down 11 pennies to 21 97 and we jumped to notes and bonds It's interesting to see how the day goes. That's your daily back to the 15 minute We're seeing a little bit of lower price and higher yield right now Well, so we're trading down 16 ticks at 136 14 134 30. Oh, that's the 30. Let me get back to the 10 years. Excuse me 117 25 is where we're trading at right now. You're down almost 10 ticks and you're within about 17 ticks the low that we had on May 9th, that's a month ago think about that right a month ago We were at 1708 the 10 year got all the way almost four points higher And we've given it all back just like that. We're sitting well above 3% right now Let me just see exactly where we are right now because we got to be well above it at these prices 3.06 just like that 3.06 percent the yield on the 10 year We of course get the Fed next week and we have the ECB today So let's jump over to some of the headlines from the ECB. We got a few up here They cement the July liftoff hints at half point September hike Net bond buying under their plan set to conclude in three weeks Inflation outlook will determine path of borrowing cost. Well, that should be a given But the European Central Bank they committed to a quarter point increase in interest rates next month open the door to a bigger Hike in the fall as it confronts record Inflation so they're starting it They're starting it in July they may even ramp things up from there be interesting to see how that plays into the currency action The dollar been so strong recently higher interest rates dollar strength We'll see if the ECB and their decision to lift off starts to impact that I'm sure it will just see how over in Europe markets Negative territory as you may imagine DAX right now down one and three quarters percent You have the footsie down a full percent cat coral down 1.5 percent over in Asia Nikkei was flat Shanghai down about three quarters percent But Europe getting hit higher rates coming down the line You see what happened to our market when we had that happening And yeah, the European markets now it's their turn So they see inflation averaging 2.1 percent in 2024 Well, yeah, technically that would be exceeding their goal of two percent, but right about now 2.1 percent versus two I think would take that when I think what's the CPI number supposed to be tomorrow something like 8.2 percent. I think it's the headline number that we're looking for. Yeah All right, let me see if I can find the article. I have a lot up here. Yeah, that's another ECB article Groceries are rising the most let me see if it was right on the front page of the Bloomberg Because there's an article here talking about there we go. Yeah, this is the one I wanted Was checking out on my mobile phone early this morning why inflation is hitting American households like never before So you hear a lot of talk about the headline Inflation number versus the core number. We're gonna get CPI tomorrow That's gonna be an important number Utilities gasoline and grocery prices have been rising at double digit levels all spring And it's probably about to get worse Food and energy is not a part of the core element of consumer prices Okay Economists like to strip out food and energy out of their inflation calculations quote-unquote from this article They're too volatile to be meaningful they say but for everyday Americans coping with exploding prices Those items are pretty much all they care about right now Watching this dichotomy play out folks is gonna be an interesting one because regardless of what happens with the core numbers for the Fed These have issues to do with supply chain problems. Okay, you're talking about food You're talking about energy during a war going on. Okay for two straight months the primary consumer expenses Fuel power and grocery store food have all been rising at double digit annual rates for the first time since 1981 it's the first time that for a couple months all three of them are all in double digits now energy is like 50% or something crazy. Wait till you see this. Yeah, so check this out Now I had to take a look at this a couple times here black is the electric and utility year-over-year percentage growth Okay, so right now that number you can see pushing probably 10-12 percent somewhere on this chart They don't do a very good job of giving you the exact numbers gasoline and fuel in gray. Well, yeah, that's representing what a 50% Increase year-over-year and then food at home pushes the total between the three up to like 75% When you think about where you were the last time all three of them were doing that was back in 1980 we've seen some huge numbers in terms of spikes for inflation, but usually those numbers had to do with energy and oil 2000 2008 before the market fell out of bed pretty similar one going on now, but we have quite a rise in all three of them going on Okay, 8.2% is the number that we're looking for for CPI And we did I want a couple more Yeah, so you have very anecdotal, but you have somebody in Miami utility bill just hit 234 up from a hundred dollars a Typical month ago and you want to hear something crazy And it makes sense, but boy these numbers are pretty harsh prices for everyday expenses as they go up more families are going without Some 31% of households found it's somewhat a very difficult to pay usual household expenses That's one out of three folks compared to 25% the same time last year. That's one out of four All right now pushing 31 or 33, but you get the point 9% of households sometimes are often didn't have enough to eat That's almost one out of ten versus 7% a year ago. Here's a number that's really startling Challenges of course most Harsh for those in the lower-income Americans gasoline and power bills now account for about 34% of monthly budgets for low lowest earning consumers up from 31 One out of three dollars for the lowest earning Americans gas and power bills We got a lot to talk about folks. We got markets turning negative. We're trading at 4095 stay tuned. We'll be coming back talking over and Kevin Inks from TD Ameritrade fast-market. We'll be right back In a time of booming inflation we are purchasing powers eroded There's no better place to protect your hard-earned money than ain't gold This the gold flagship asset is the Monk Todd gold project in the northern territory of Australia This is Australia's largest undeveloped gold project. We are talking a world-class gold project in a tail 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 Mount Todd feasibility study Which resulted in a seven million ounce gold reserve in a 16 year mine life All of this combined with the approvals of all major operational as well as environmental permits This distinguishes Mount Todd as an attractive diverse party ready development stage gold project This the gold trades on the New York Stock Exchange and the symbol VGZ Everything in the universe is governed by the Fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24-7 newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento on stocks You need to pay attention to and you can trust Larry's analysis after all He's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from Larry on market movement You need to act on at any time first time subscribers also get a 30-day money back guarantee If you're not satisfied let us know and you'll get a full refund within 30 days of signing up Subscribe to the Fibonacci 24-7 newsletter today tfnn.com educating investors Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 Finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn And he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter Mastering probability and you'll receive access to seven of Steve's educational webinars Absolutely free at tfnn all our newsletters come with a 30-day money back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors Welcome back folks right now. We get the s&p's negative by 18 points. You get the Nasdaq negative by 73 points Nasdaq 100 that is and the Dow off by 100 checking out the euro US dollar action So immediately you get some action up to 107 7 will call it But look at that give back you had you have Christine Lagarde, I think she still may be speaking or she was speaking so not sure what she said at about 840 a.m But not quite a huge reaction as the ECB will be starting their liftoff in July They're starting with at least a quarter basis point 50 is totally possible as we know things can change pretty dramatically in The span of a few weeks we saw target come out with their revision only a few weeks after their dismal earnings and Today I think they announced an increase in their dividend. You get a liftoff barely Pre-market, but with the market trading negative right now you have target flat to barely in the positive going to be an interesting day in the markets to say the least folks and I'm going to jump over real quick because you're seeing the action folks We have a great event going on tomorrow my dad Tom O'Brain. He's doing a time of the trade Methodology webinar tomorrow sign-ups for this end at the end of the business day today folks We're taking down the order page at about 430 So if you want to get into it get into it today it begins at 9 a.m. Tomorrow 5 hours timing the trade webinar You get the book mail to you for free. You have a month of his newsletter Those two hundred and sixty nine dollars plus an eighty eight dollar value for the book and the course is 295 It will be archived and when you get one of these webinars folks at TFNN that archive is available to you pretty much forever as long as We're around that archive is going to be available on your account page up there in TFNN So check it out. He'll be live at 9 a.m. Tomorrow And we got quite a market folks coming into that type of action as he goes over his time of the trade methodology S&P's right now negative by 18. We get the Dow off 101 Markets drifting a little bit negative. We're actually below where we were At the lows before you had actually traded higher right now pre-market lows We're sitting right now in the Dow at thirty two thousand eight hundred the S&Ps They had made it all the way up above forty one forty. Look at the action We are now at pre-market session lows for the S&P at four thousand ninety six Let's check around to some of the fang stocks. See how we're trained this morning Microsoft I got an article up there. I want to talk about with Microsoft talking about you're gonna be able to play their Their games just using their TVs soon That's where the future is going for sure consoles You don't need a console when you can just put a console right into a TV Microsoft though you down about two bucks as you have the Nasdaq 100 down about 70 right now We jump over to Amazon right now trading down about look at that action on Amazon man Talk about a high of 129 We've almost given up $10 from where we were trading at the highs and Monday Amazon right now trading with a 119 handle We jump over to Google shares Google trading at 2333. We see how Tesla's trading talk about some volatility Tesla getting a lift You're up $20 at 746 for Tesla Twitter right now sitting at about $40 for Twitter shares. All right, let's jump around see what else I had pulled up And I had yes this rate list lift off. Is that the one? No, I was talking about the main article I had up here. Yes, so I wanted to finish with one statistic in here that I did not get to I talked about the fact that The poorest of Americans the lowest earners spending nearly one out of three dollars on Just their budget for gas and power bills. Oh, that is just brutal, man and The one thing that I didn't get to on this is the consumers currently owe about 22 billion dollars in overdue utility bills Almost double the 12 billion dollars seen in a typical year So these prices are mattering folks. That's what you take from that one $22 billion in overdue utility bills people Shuffling around a little bit in terms of where they're paying their bills You know, maybe they stretch out the utility bill to make sure that they can Put food on the table to make sure that they can actually pay for The gasoline that they're having at the gas station as opposed to paying the utility bill that they might be able to stretch out the tough deal with utility bills is That they'll shut you off and that's a tough one and as they say, you know, we may be in I think it's yet We could have severe hardship in this country families budgets are being cut It's likely they're being taxed and there's no end in sight. They're being taxed at the gas pump man They're being taxed for utilities. They're being taxed for food So keep that in mind when we get the CPI number tomorrow because I was checking out that article some great stuff in there and boy You know, you talk about if you're spending one out of three dollars folks on gas and power What do you spend it on rent and and where and what do you spend it on food? That's a tough one as we all can understand. All right, let's look up a little optimism JP Morgan Says equities are flashing a bullet signal. They're talking about 4,400 as fair value in their analysis Fair value in the second quarter 4,400. There's a chart of the S&P in terms of where that lines up Maybe a little bit oversold coming into the lows that we just previously had So one of their analysts out here, I believe let's see Strategist they're talking about me. Hi. That's a tough one. I'm not gonna say strategist led by Nikolai house Panigurt so glue That's a tough one. Excuse me for getting that name The reduced demand for hedging equity risk is a bullish signal as it likely reflects low equity positioning by investors There are some tentative signs that inflation volatility could be peaking which would be consistent with markets continuing to look through the spike I just gave you some tough tough statistics in terms of where we are on gas food Energy those are gonna persist and maybe get worse. We jump to this article There's stats out there for everybody which makes things so tough folks and I don't say that in a bad way There's analysis out there for politics for everybody and sometimes that is not a good thing because I feel like sometimes That is not helpful to the country, let's put it this way, but nobody knows where this is gonna go, okay? in terms of we have a very volatile period of three to four months coming down the line of Is what the Fed is doing mattering? Is it having an impact? Is it having too harsh of an impact on the economy that it's gonna put us into a recession and then on top of that? You just need supply chains to start to loosen back up to be able to get goods to where they need to go and The price of energy needs to come down and I don't know if that happens and we get to see that play out over the next three or four months Excuse me, but forty four hundred in the S&P folks. Is that a number that we will what what's going on with oil for that number? That's that's what I was trying to get out of my mouth as in is that number contingent on oil sitting at 123 or 124 or 140 or is that contingent on oil potentially waning from the highs? It's had recently because I imagine that that may have an impact on whether these markets are able to reach 4400 in the second quarter of this year as a fair value And they point out here you go strategist and these are great strategists who she talking about JP Morgan You're talking about Morgan Stanley Morgan Stanley this name. I can actually pronounce Michael Wilson forecasting the US benchmark benchmark will trade close to 3400 so choose wisely because depending on these two gentlemen You choose incorrectly and you're a thousand points off 3400 to 4400 mid to late August implying a 17 percent downside So Morgan Stanley's got a guy out there telling you 17 percent lower JP Morgan now has a guy out there telling you we got seven percent higher and on Monday I guess you have another strategist reiterating their bullish view on stock saying the fundamental risk award for equities is likely improving as we approach the second half of the year What's happening with crude on those types of analysis folks? That's what you need to be asking yourself because right now crude straightened at 121 dollars and 38 cents my friends and I were talking about this morning Crude unfortunately energy prices they get political okay? Everybody's gonna say if you're not a fan of Joe Biden very easy to say that he should be getting it done Very difficult to say that he gets it done for the globe and that somehow if Republicans controlled office That the world would be dealing with high energy prices and the US would not but no matter what folks it is hitting people man and people are talking about it and S&P's are 4400 where's crude gonna be stay tuned folks. We'll be right back for the open 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 comm don't miss out on the next great gold trade sign up today TFNN has just launched their new trading room the Tigers in hosted at discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during 15 hours and now they are expanding their reach with the Tigers day available to all Tigers and Tigris's for just $1 for the year There's no cash or added costs when you join our community of traders in the Tigers Then you can look over the shoulders of Tom O'Brien and the other TFNN hosts while they analyze charts during their live Tiger TV programs and join an interactive trading community with hundreds of members exchanging ideas Interact with other tigers and Tigris's as they share trading ideas news analysis and discuss the market action all trading day even at night And on the weekends the Tigers den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of TFNN comm Tom O'Brien has just announced a live timing the trade webinar Friday, June 10th from 9 a.m Until 2 p.m. Eastern Time join Tom O'Brien for five hours of live Education as he teaches you his trading methodology right from his best-selling book the art of timing the trade your ultimate trading mastery system In this live webinar Tom O'Brien will be teaching you his entire trading system including quality volume ABC structures Fibonacci confluence zones cause-and-effect swing points and more We will be limiting this class to 40 attendees So please do not delay and reserve your seat today for this special live event with Tom O'Brien All attendees will also receive a physical copy of his book the art of timing the trade an $88 value mail to you along with the free month of his daily newsletter market insights a $169 value for all the details and to reserve your seat today Visit the front page of TFNN comm TFNN 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 comm Welcome back folks. We got markets open in your markets in negative territory right where we came into the opening bell S&P's right now down about four tenths percent you get the Nasdaq 100 down about six tenths percent Dow off 103 we jump to crude trading down 77 pennies Are you talking about right near recent highs of 123 18 crew trading at 121 34 the gold contract right now down about five bucks? Let's check back in on the euro US dollar and see how it's trading as we have the ECB lifting off You actually have the euro go a little bit lower after spiking to 107 7 You almost traded down a full basis point to 106 7 you make it to 106 8 right now You have the euro trading at about 107 just a hair under that price level For the euro and on top of that. Let's see how Europe is trading right now Yeah, right where you were Dax down about 1.6 percent footsie down more than a percent cat roll down 1.3 percent right now Jumping back to some more inflation talk online US inflation slows again, but groceries rise most of all So this is adobe data that's out today groceries. We just talked about right groceries Groceries energy utilities all growing at double digits. Well groceries 11.7% in May that is just bonkers man But we all know it's the truth it is somewhere around that because prices you can't deny the elevations the elevated levels would deal with this year Online inflation online inflation this number is okay Rows it 2% in May from a year ago Down from 2.9% in April and the record 3.6 percent in March 10 of the 18 components tracked including electronics and toys saw prices fall in the month Indicating consumers may be pulling back on discretionary spending Q target with their news on that same degree grocery prices 11.7% in May from a year earlier the most on record and 1.3 percent from April 1.3 percent They rose month over month groceries This was the first month that the category overtook apparel Which was in the top spot for price growth over the year despite the modest increase in consumer spending online an Uncertain economic climate and rising costs in core areas like groceries are putting a hamper on overall Demand that is the vice president growth marketing and insights at adobe Annual online price increases you check it out. I mean that's a declining number now Here's what I'll say is we had a declining number for December and January before you jump back up to these levels The one thing that's gonna be tough though is do you see the comps we're dealing with for the rest of the year? Okay, yes, we had some tough comps in April and May but look at the beginning of 2021 we had some outliers or so nothing like the end of the of 2021 in terms of the inflation numbers we're dealing with right July 3.1 percent August 3.1. These are just online numbers again September 3.3. We got a dip on October then we got 3.5 in What's that November December 3.1 and 2.7? So we're gonna be dealing with comps that are pretty harsh all the way from right now All the way through to basically March of next year on the online arena That's the reason why it's gonna be so important What's happening in the next few months? Whatever it is because if inflation does not abate over the next few months? Then that means it's really rocking on a two-year basis Because we're gonna be dealing with comps when you talk about CPI that are very very lofty levels, right? Like we're gonna post probably an 8.2 percent Inflation number for the month of May in 2022 we get that number tomorrow Well a year from now all the market has to do is hold an inflationary number The core is gonna be something like six percent or something So outside of food and energy if we just hold the six percent inflation number We're at zero percent in two years You don't see a year from now as in that number is so high already that the comps are very difficult Now, I imagine it's gonna keep rising all we want to do is get it down to two percent So think about a year from now an ideal scenario from May of 2023 Is that we only grow? 2% 2 to 3% give ourselves even a little room off of the 8% number. We're about to hit tomorrow Okay, so that's why if inflation is persisting it really matters because you're persisting on an exponential level Where you're compounding interest upon interest? Inflation upon it inflation I should say on a yearly basis But a little bit of waning data. We'll see if CPI matches up with that in tomorrow While many categories are easing in price food prices in May surge check out the annual number food is just rocking man So I know the Fed loves the core number But we're dealing with Factors outside of the core number right now that the reason why they take them out of the core It's because they're so volatile and the Fed has trouble controlling those as much because of external factors to provide volatility But all that means is that the Fed can't do as much to control energy prices and food prices if we have supply chain problems We have disruptions and we have a war going on no matter how many times they hike 50 basis points It's not gonna matter. So that's where you see some of the other debate going on Kathy would write talking about that the Fed doesn't need to destroy the economy When it might not have the impact to fix the problems that are actually causing the inflationary tendencies That is a real argument to make folks. Okay, and we're gonna get to see a play out. Some of those issues are waning But as the Fed hikes if you see food prices and energy prices persisting It's not gonna matter. What's happening to the core prices if people are spending 12% more on groceries 50% more if not a hundred percent more on oil prices gas prices at their pump That's that's a that's a reason to keep the spikes up on your back folks and realize when somebody says 4400 in the S&P is where we're going What is that based on because I see a lot of risk to the downside at 4400 with everything set to play out a war going on Included $120 utility bills now at 24 billion versus 12 billion, right? So keep that in mind in a big way All right, what else we got going on here? Let's see what articles I got pulled up What we're gonna talk about. Yeah, let's talk about the Microsoft article. So Microsoft Bring in the X game past cloud streaming to smart TV so users don't need a console the Xbox app to Samsung's 2022 smart TV and then expand distribution to other manufacturers They're focused on bringing its gaming service to people who don't have consoles very smart I don't have a console right now They could probably get some money off me if I could just fire up my smart TV and occasionally play a game if I wanted to Don't video game enough to buy a whole console at this point But they're releasing an Xbox app for smart TVs. They said Thursday will be the first to bring it to that Samsung TV Then they'll start otherwise It's a bold bet after Xbox hardware revenue jumped 92 percent last year They probably realized they pulled forward a lot of that numbers right if you didn't buy an Xbox or a console in the last Two years during a pandemic. Are you buying one now? I don't want to sit inside and play video games Man didn't want to do it then definitely don't want to do it now The app's gonna be available June 30th in 27 countries Excuse me and yeah, they want to get people on recurring revenue ten bucks a month for their game pass. I Don't feel like buying a console with a Hundreds and hundreds of dollars But yeah, I would pay ten bucks for a game pass man. I'm paying more for my Disney bundle I'm paying double ten bucks a month for Netflix probably Yeah So be interesting to see that's got some time to play out and I imagine the performance for a smart TV Not gonna be basically what it is if you're buying an actual console for the degree Jumping over to that target news so they raised the quarterly dividend by 20% despite margin pressure Yeah, to $1.08 a share despite the problems. They've had they've raised their quarterly dividend every year since it went public in 1967 last year increased it by 32% Target though Let's check it out Well, they're a bit positive in a negative market this morning target shares They've been a good where they are though They're right where we were on Monday before that news of the revision Interesting action target right now positive by three tenths percent s&p's negative 14 will be right back folks 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 Whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers make the most informed Decisions across all price levels from the price You should be paying per square foot in certain up-and-coming areas to the type of cash flow investment properties are capable of creating Tiger real estate can help you make the best decision when it comes to all areas of the market before you make one of the Biggest decisions of your financial future call Tiger real estate LLC today at 727-329-8322 or email us at tiger at tfnn.com That's 727-329-8322 call us today The technology around us is changing every day with so much happening. It can seem impossible to keep up with all the information David White's investment newsletter the technology insider is designed to give you all the information you need to understand the technology That shapes today's markets and tomorrow's future David White has made his living to stay 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 Will the S&P 500 continue to climb for bold trades on US large cap stocks in either direction trade SPXL SPUU or SPXS Directions daily S&P 500 bull and bear leveraged ETFs Direction leveraged ETFs an investor should carefully consider a funds investment objective risks charges and expenses before investing a funds Prospectus and summary prospectus contain this and other information about direction shares to obtain a funds prospectus and summary prospectus 866-476-7523 or visit direction investments.com a funds prospectus and 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 foresight fund services LLC This program is brought to you by Vista gold traded on the NYSE American and TSX under the symbol VGZ Welcome back folks. You got markets turning south right now. We're almost back to Tuesday lows the morning on Tuesday You train about 4080. We're back to 4087 the market's given up almost 60 points from where you were pre-market We're negative by two-thirds percent in the S&P's NASDAQ negative by eight tenths percent on the NASDAQ 100 We got about another hundred points to the lows of Tuesday You got the dial right now off 155 quite a drop off But as our man Basil Chapman says he's coming up next at 10 o'clock folks the day is young It is very young 12 minutes into the trading day We had a long way to go. All right, let's jump around to what else I had pulled up here Whoops, so we talked about Target. We talked about Microsoft. How about Amazon Amazon? Now, this almost plays like a free ad man It's amazing. Once you get to a point CNBC and financial news sites, they just publicized basically your PR release marketing material Amazon will let you try on digital versions of shoes. You want to buy for disclosure I do have a small position in Amazon retirement folks. Everybody's got some Amazon if you got index funds On Thursday, they rolled out a new virtual virtual shopping tool that uses augmented reality technology To enable users to try on shoes before you buy them. I'm not sure that would work with my wide feet, but The technology is probably gonna get there at some point the feature won't help users figure out how the shoes fit But it will give them a sense of what they look like well once they figure out the first part of that sentence That's when it will matter, but they're gonna get there folks Your phone's gonna be able to map out your foot man and know exactly the dimensions We are probably not as far off as you think I think I heard the CEO at one time of Levi say and listen the way it's gonna work in the future is We're gonna Design jeans for every single person depending on their fit this whole deal that you got from men You got, you know, 32 inch waist 34 inch waist 36 certain fit whatever it is You're just gonna get scanned by your phone or something like that. It's gonna know your dimensions. It's gonna tweak those dimensions This is like the first little tease of it, but you can see where it's going now As I said when they can actually have it figure out how it fits That's where all the gold sits in my opinion because buying shoes online I do have a wide foot. It's difficult new balance has some great wide shoes That are available wide settings, but it's difficult when you're doing that closer permit similar deal, right a lot of retailers If you watch them if you're just doing online Sales for clothing a lot of people will buy two different sizes and maybe return one as long as it's free returns Or would it be so maybe you're getting a 50% return rate because people just don't know Maybe it's between the medium and large Maybe between the large and an extra large very difficult when you have different fits But that is going to change with technology folks in a big way Yeah, speaking of shortages. Did you hear this one? So my friends love this stuff, man Sure, sir, Racha, right? Is that how you pronounce it? Siracha siracha Well, there's a shortage folks And they've been forced to suspend production of its iconic spicy sauces due to a shortage of chili peppers now To this degree. Yeah, it's a little bit too hot for me man It is used to love hot food messes with my belly a little bit now these days So it's kind of tough but These are the issues folks that are causing food prices to be spiking almost 12 percent in a month Okay, this is an exacerbated issue that literally has them suspending production. Okay, so if you love this stuff if you need it I'm not sure if it's still available on Amazon But go out and get some because they confirm Wednesday that a shortage of peppers in its inventory had affected production And they are shutting down production for a period of time due to weather conditions affecting the quality of the chili peppers So yeah, it's not even supply. They're just talking about whether normal stuff. This is out of our control without this essential ingredient We are unable to produce any of our products chili pepper shortage So everything it persists All right, let's jump down the line. Some of the other stocks are making moves this morning. We talked about target Signature jewelers. They're out with their numbers. We do have a few companies. I think we have some companies after the market too I'll take a look at that at this next break coming up because I think we have some numbers For companies out today after the bell sign it They're trading higher better than expected profit and revenue up beat full year forecast Looks like you can move diamonds and gold in this market still SIG is their symbol There's a nice pop for you up 7.5 percent. We take a look longer term at this chart quite a pullback recently And yeah, that's quite a pop But boy you're well off the highs and that looks like a series of lower lows and lower highs for sign of jewelers Nova Vax, they're lower following the news the FDA decision on Their COVID-19 vaccine could be delayed The agency needs to review changes in the company's manufacturing process. So they're trying low trading lower Neo is trading lower after the China based electric vehicle makers quarterly profit highlighted shrinking profit margins seems to be a common theme Intel they have a hiring freeze at its client computing group as it reassesses spending priorities amid global macroeconomic uncertainty we jump over to Intel shares They're basically flat they traded pretty harshly lower yesterday down about two dollars and fifty cents from forty three fifty to forty one That's where you're chopping around today. Yeah, Tesla got an upgrade UBS They upgrade them buy from neutral I think they said the stock could have 50 percent from here is where they could go So Tesla let's see how they're trading on the open today They gave almost it all back. You're up 1.8 percent right now up 13 bucks But boy, you were as high as 750 right around the open not a curiosity Twitter shares down about six tenths percent right now Facebook shares How are they trading? Oh did it what's going on Facebook? That's some weird. Oh, is it meta did they just go meta today? No They sure did are they trading as meta for the first time today? They are. Thank you. Well, maybe it's not maybe it's previously Maybe it was yesterday when it spiked to 202 nonetheless meta. I'll have to get used to that one. They're down Barely today as the markets catch a little bit of a bid S&P is only down about 10 points right now Yeah, I haven't pulled that up in a few days. So I guess they just started trading as meta and The PR shift and rebranding is complete just like that Maybe this is where it chops around for a bit keep in mind folks this stock got down to what's the low there? 169 you're almost 30 dollars off the low that we have just in April if the market see some volatility man Everything is going to see some volatility in this market Five below is out with their numbers a penny above revenue below our estimates They cut the full year guidance. That's never a good deal Trading down about 5% and see this stock chopping around right at that 618 121 is the 618 on five below and a couple other companies out with their numbers as well All right, let's see what else I had pulled up here Yeah, we got unemployment claims today this number very unimportant as long as it's somewhere near 200 to 250,000 folks I would just take it as that and move on Initial applications jumping though if you want to read into it 229,000 exceeding all estimates this number Meaningless compared to what tomorrow's number means in my opinion in terms of CPI, you know, you're at 229 You can't sparse 10 20 30,000 jobs on a rolling basis in a healthy economy You have a healthy churn of 2 to 250 250 probably really over a historical basis that number a little bit lower with where our job market is right now Unadjusted claims only rose by 1,000 in a week through June 4th. So this number out through June 4th What's continuing claims? Yeah continuing claims held at 1.3 million. That is a little bit of a rise undeniable there But you really just want to take a little bit of an average of a mean of a three-month basis on these maybe and at That level we're still sitting pretty low on that number Yeah four week moving average 250,000 that's a sweet number folks. All right stay tuned folks will be coming back to finish up the show Don't forget about my dad's webinar timing the trade all day tomorrow folks going over his methodology trading You can check it out on the front page of TFNN We'll be right back sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at TFNN You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the World from the moment the market opens until the closing bell sounds Tiger TV has eight different shows with expert hosts To help you make the right moves with your money watch online at TFNN.com or on TFNN's YouTube channel and become the investor You were born to be TFNN educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future right like any endeavor in life Before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities subscribe to the opening call newsletter at TFNN.com The opening call newsletter is written by Basil Chapman creator of the trading methodology known as the Chapman wave The Chapman wave up-down sequence gives you an edge in identifying price turns Finding the peaks and valleys and stock prices get the opening call newsletter by Basil Chapman and your inbox every day First time subscribers also get a 30-day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up TFNN.com educating investors Everything in the universe is governed by the Fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the Fibonacci 24-7 newsletter at TFNN.com when you subscribe You'll get a weekly report from veteran day trader Larry Pezzavento on stocks You need to pay attention to and you can trust Larry's analysis after all he's got 45 years Experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from Larry on market movement You need to act on at any time first time subscribers also get a 30-day money back guarantee If you're not satisfied let us know and you'll get a full refund within 30 days of signing up 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 And as we said folks the day is certainly young and we have a bid going on in this market S&Ps check out that acceleration Let's put it on a five minute basis to see that move. You get a price acceleration at 945 We're trading at 4085 and just like that folks in the span of nine minutes the S&Ps just some 30 points We're trading at 4115. You have the three major markets in the green now S&Ps positive by one NASDAQ 100 positive by 23 the Dow positive by 24 Russell though still taking it on the chin man down 14 points We jump over to commodities crude 121 64 in the gold contract right now contract right now down about six bucks. I had a question in the den talking about medical properties trust MPW is their symbol this thing's been sliding to negative territory man now to jump over to the analyze tab real quick To see what they do You pull up the fundamentals of this company. Where are we? I just had it up here thought I did Where did I just have it? I just had their information unfortunately earnings not supposed to be fundamentals There we go company profile, okay They're real estate investment trunk trust and they engage in the business of investing in owning and leasing health care real estate Okay, so they have huge company 438 properties leased their loan to 53 operators It also makes mortgage loans to health care operators collateralized by the real estate assets Taking a look at this company now the question was would you say in here Jimmy going to five bucks? Maybe or something like that potentially so what it's a new 52 week low, okay, and on its way to five bucks or less I'm not sure it's on its way to five dollars or less And may it to 12 bucks during the lows of COVID right now You have about a 7% yield on this equity now The one thing that's interesting is jump just jumping around the news to see what's going on Even just within the thinkorswim platform itself going back to early May you had a lot of firms coming out Maybe they cut their target, but they're cutting it to 26 bucks to 24 from 26 RBC to 22 from 25 What credit Swiss to 23 from 26, okay still what up well above those levels But here's where I'll take a look at you go all the way back man You're basically trading right at the highs we had in 2007 and 2013 so maybe that's an area We find some support stay tuned folks Basil's up next live programming all day check out my dad's webinar kick it off