 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, 8.30 AM Thursday morning, 60 minutes to go until the opening bell and guess what folks, we get S&Ps in positive territory, remarkable, I know, I kid, S&Ps, positive by four points right now, pretty muted action, we're gonna get the weekly jobless claims number right now, that number coming out at 8.30 AM on Thursdays, the market anticipating more than a million initial jobless claims, that seems to be the trend recently, we'll get that number, it's gonna come up in a moment, but right now you're looking at the NQs, how about that NASDAQ yesterday, the NQs are looking to trade to 11,000, we just passed 10,000, like yesterday, no, within the last couple of weeks, I mean, let's just see, let's pull it up, I'm curious myself, because quite a charge higher in the NQs, you had Amazon, Amazon's above 3100 this morning, Apple, Microsoft, in terms of where we were for 10,000 folks, not that long ago, hitting that number for the first time, June 10th, and we were just at 97.28, you're literally exactly 1,000 points above that price level of where we were on June 29th in the NQs, remarkable action, the Dow negative by 10 points trading 25,959, putting it on a shorter timeframe, you can see the highs we had early Tuesday, currently trading just under 26,000, and why not, let's jump around to some of those fang stocks right now, as we await that weekly jobless claims number, check out Amazon, right? 3117, and as we get it, 1.314 million, I'll pull that jobless claims number up, always an interesting number coming in Thursdays at 8.30 AM, the number coming in, 1.314, the market was looking for 1.39, pretty close to what we've been getting, the worrisome thing, folks, is that this number is just hanging at 1.3 or 1.4 million, and that's every single week, new claims for people losing their jobs. The previous record before COVID, 700,000, there's a new normal, remarkable action. Back to the tech stocks, Amazon, we're gonna open $30 higher on Amazon this morning, Microsoft shares, check out that acceleration to 21590, we're making new highs as we speak in Microsoft right now, Apple shares was as high as 385 on the dot, check in on Tesla shares, 1385, the high of 1436, Netflix, 510, new highs, remarkable action, NQ is 10,725, jumping around to commodities crude, 4082, we got inventory numbers yesterday at 1030, surprising thing is we had more oil, let's find 1030 on this chart, there's the acceleration, a build of 5 million barrels in crude, the market was looking for basically flat to actually a draw, but look at this acceleration, right then around noon, we trade above 41, we're currently at 4080, we've just been shopping around about a 20 cent trading range since about 9 o'clock last night in crude, gold contract quite a day for gold yesterday, 182980, this morning we were as high as 1825, we're down to about $10 since about 5 a.m. this morning, still relatively good action in gold, 1815 holding up, silver up an additional nine pennies was as high as 1944 on silver, and how about Bitcoin, Bitcoin with some volatility yesterday, look at that spike, right from 9340 up to 9570, spent a lot getting written about Bitcoin in terms of Robinhood traders, if they get turned on to Bitcoin what can happen, just been hanging for some context on Bitcoin, I mean, look at this range between 9 and 10,000 cents May 1st, so you're talking about two months or so, after quite the volatile start to the year in February as Bitcoin just really traded with the market down to 4210 and back up to 10,000 like nothing, all right jumping around to some of the stories we have going on this morning, Walgreens out with their earnings, they're going to keep flashing this number at us, of course, Walgreens trading lower Walgreens boots, now of course they were in the headlines yesterday, teaming up with VillageMD to open 500 to 700 clinics right within their Walgreens stores, going to be about 3,300 square feet which represents about 25% of the size of most of their stores, but this morning they had to come out with their earnings and the market not liking it, I mean, even look at this chart, right, even with that announcement just really right down near the lows, and this morning we're going to open, look at that, 46 teams the spike low, they started the conference call right when we came on the air at 830, doesn't seem to say anything yet that's given that a bid as we're down about $2, so almost 5% of Walgreens boots on their numbers and to get into what they said, there it is, earnings per share 83 cents, they were looking for a $1.17 revenue of $34.63 billion, they were looking for $34.36 net loss of $1.71 billion or $1.95 a share compared to making $1 billion last year, Walgreens getting hit this morning, Bed Bath and Beyond, they were out last night, they're going to close 200 stores over two years as sales fall almost 50% during the pandemic, many people have said it, there's going to be winners and losers, right, Bed Bath and Beyond, they were already really struggling to find their place in terms of retail and just staggering numbers, sales fell 49% to $1.31 billion from $2.57 billion a year ago, companies said it plans to permanently close roughly 200 of its namesake stores over the next two years, you can't pay for this type of rent folks, we've talked about it many times, Tom has on the air, these stores are enormous, we've all been in them, many people have huge stores, right, to employ that type of capital for rent at a time when online sales or where the future is going faster than ever, so that hitting especially hard for Bed Bath and Beyond. In terms of other, where is my stocks making moves this morning, jumping around, DocuSign, so this company quite an acceleration from the beginning of COVID to where we are right now, they're getting a hike price target to 240 per share at WebBush from 165, implying an upside of 16% from where it closed yesterday, they continue to believe Docu's deal flow is holding up well and stronger than expected in the COVID-19 pandemic, I mean just look at this chart folks, Docu. So we're trading from 206 to 2011 today, but I mean this is almost unparalleled, you know you gotta pull up some of the zooms and so forth of this market right now to match what it did but from 90 down to 64 and then everyone said hey wait a second, aren't we all just gonna be signing everything we do online from now on and it's basically been a one way rocket ship from that March 12th low where they came out with their earnings, 64.88 up to 211 right now on DocuSign, remarkable action. We talked about Zoom, there's your Zoom chart, Zoom really never even had a pullback, you could say they did. There's March 30th, there's February 7th, there's the March 17th almost correlating to the market low, you go from 105 to 266 on Zoom, we're gonna open about 268 today, incredible action. We talked about Walgreens Boots, Alibaba, they're getting coverage, so Regeneron gets an upgrade to buy from Hold at SunTrust, raised his 12 month price target to 750 from 400 to share. Regeneron been especially volatile with the biotechs but check out that acceleration right from just over 300 to 640, we're gonna open higher today at about 650 for Regeneron shares, Square, they're down. Now this company performing well as well, market performed from outperformed at Cohen, the analyst noted Square's run up of more than 200% since mid-March is too much too fast. I mean some of these companies folks, even Amazon, right, I mean look at this run, and we're down a bit to 131, we just came from $32, I mean Amazon's approaching a 100% run, you'd have to hit about 3250 to get 100%, we'll be right back folks, stay tuned. Many of our new listeners have heard about the Tiger's Den, the Tiger's Den is a lively community where professional traders and investors can meet, exchange ideas and information in a comfortable moderated atmosphere, hear all of the TFNN shows, plus see all of the charts as they happen live and have access to archives of all of those charts. 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. The Gold Market has taken off topside a large way in 2020. If you want to take advantage of this sector now is the time to subscribe to my Gold Report. 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You can see bumping up right to this level that we were at about 7.30 last night as we ended the trading day. Pretty tight trading range in the S&P's overnight, about 15 points. The lower end, 3155, the upper end, right where we're at right now. Backing out for the week, 3184, so about 14 points from where we were and that's the end of the day Monday before we had a little bit of sell off, been jumping around since then. NQs, strong, strong action. New highs every five minutes folks, remarkable action in the NQs as those tech stocks watch out. All right. What else we have going on, checking in on the coronavirus numbers, stark numbers in the US folks. You want to jump around to what's going on? I mean, look at this, look at this Florida curve, right? I'm in Florida. I'm definitely biased. It's remarkable in terms of some of these, Arizona, Southern Carolina, South Carolina, some of the biggest states getting hit right now, Nevada, Louisiana, Georgia, I'm just jumping around, Texas, Alabama. You jump to, and what I want to jump to here is these are Florida numbers. Now Florida numbers, we've all been seeing the headlines, right? We're approaching about 10,000 cases a day. New reported deaths folks, and there's a number of reliable sources that are slightly different in how they're calculating things, whether it's the times, whether it's the State Department of Health, whether it's John Hopkins University, I jump around to all of them. The death number, the seven day average, you can't deny that's climbing since the end of May. We were dealing with a seven day average of 31. We're now dealing with a seven day average of 48. That is a rise of 16. That is a rise of more than 50% in deaths, leg cases. The scary part would be is if this death number here was correlating to somewhere around the case climbing here, and what does this case climbing do to this chart below? Stark numbers, and when you get into what we don't know about the coronavirus right now, just be careful. That's all, you just gotta protect yourself if you're in a situation especially. But there's constant headlines that are very worrisome. Just from a personal perspective, scientists want a potential wave of brain damage linked to COVID-19. A study at the University College, Linden, 43 cases of patients COVID-19 suffered either temporary brain dysfunction, strokes, nerve damage, or other serious brain effects. And they get into how they're usually seeing, so 43 cases. And they usually see about one case like this a month, and they're up to really seeing one case like this a week in terms of how it can affect the brain. And they just don't understand it yet, so it's a serious deal that, wear a mask, practice social distancing. There was a study out yesterday talking about that if 95% of people in the country wore a mask, you could save a potential 45,000 lives. Keep that in mind, folks, as you're out there, especially in states that are hard hit, like the state of Florida right now. All right, what else we got going on? Checking in on the weekly jobless claims number, breaking into it a little bit more. So 1.314 million, I guess the market was looking for 1.39. I feel like they're just stabbing at things when you say, it's gonna be above a million somewhere between about 1.3 and 1.4. Guess why? Because, folks, I can be an analyst and predict that number of two, whoops, what did I just do? There we go. Because you don't have to be a genius to notice a trend in the weekly claims going on, that we are stagnating. Now we were down 99,000 from the previous week, okay? So you can see a slight downtick, again, the previous record was about 700,000 before this every single week, we have an additional 1.3 million. And this is on the state and there's still people million, I believe the number was a million that want on the Emergency Cares Act unemployment. Nonetheless, stark numbers, that number hitting 8,830, but the market, guess what, shaking it off the SMPs, I mean, you wouldn't even know, right? It's priced into everything at this point. You can't even tell on this chart that we just got 1.3 million people filing for their initial jobless claims last week, remarkable. Okay, jumping around to what else, staying on COVID-19 a bit. So the Ivy League cancels football and other fall sports due to COVID-19, they canceled all fall sports. So they're not playing any sports, at least into January. Now they could play football, they didn't rule out that maybe they could play football in the spring. They mentioned that football, the biggest sport. It's tough for all these kids who are playing sports up there. Now the one thing that's interesting about that, excuse me, is that originally the Ivy League was one of the first leagues that canceled their March Madness tournament. If you recall, well, no, they're a league tournament. So they canceled their league tournaments and said, we're not playing our league tournament. Things are too crazy. That was like about March 10th. I was reading an article on this earlier. And people at the time were saying, it's the Ivy League. They have different priorities. There's some of the best universities in the world. They're going to focus on that. They're not going to get caught up in potentially the pandemic, hitting all the students, bringing it back to the campuses. They're going to cancel their league tournaments. Okay, they're being over cautious. That's the Ivy League for you. Within 48 hours of the Ivy League doing that, you had multiple players in the NBA testing positive for COVID-19 and you had the NBA and the NCAA cancelling all of their games. 48 hours is all it took. So watch this decision as you talk about sports. There's constant headlines of one player gets sick in a sports environment, just a team itself. You're so close to each other. You're working out that it spreads to 10, 20, 30, 40 people in no time that you're playing with. Sports might be a tough one to do even with no fans in the stands. All right, what else we got going on? So Disney, they're looking to open back up in terms of what we have happening as of Wednesday. We're just going through this. So Florida case is spiking, however, Disney, they're going forward. Schedule for Disney Park. So the current schedule for the Magic Kingdom and Animal Kingdom opened Saturday, July 11th. Hollywood Studios set to open July 15th. Disney World's reopening with only limited park reservations available for people with annual passes or tickets that were purchased before the pandemic. No new tickets are being sold for 2020 right now. So they're taking care of their pass holders or they're taking care of people who had already purchased tickets prior to this going on. In terms of what they're going to be doing, I said people have talked about going to Disney. In terms of doing what you can, Disney's probably going to be one of the best places in terms of having hand sanitizer, washing, masks mandated, lines separated. You're still going to be around a lot of people, folks. So if you're high risk, I would not be going to Disney World. If you're not, they're going to be packed, I assume, depending on how many capacity they're letting in. But that's going to happen. And you saw as this news was coming out yesterday, Disney, there's your acceleration yesterday trading from 114 up to basically 117. You're going to open positive with the market this morning. And what kind of Fibonacci number I have on there? Yeah, check this out. So I was looking at this. Here's your COVID collapse from 153 down to 79. We climb all the way back to 128. We faced some woes since then. It's cool when you see the 38% retracement kind of right to the line, right? 109.50 is that number. If you pull it all the way from the March lows, excuse me, to the June, early June high, we back that off, we're at a 38% retracement currently bumping right up against that line right now. But as you can see, we're going to open above 117 this morning on Disney. The interesting thing, Uber, I'm also a fan of Uber, biased, I got some Uber in my portfolio. I mean, look at this, right at 38%, right? Same exact deal. Some of these companies, Uber, Disney, not rebounding to the likes of some of the stocks. I mean, you're still below where you were pre-COVID, right? Uber eats, they're taking on the world. Disney, plus they're taking on the world. Both of them pulling back 38% and now just above that line as we see where they trade today, Uber up a bit as well. Stay tuned, folks. We'll be back in three minutes to finish up the show. I'll be right back. Stay tuned. Back in the day, I joined the Hotel California in 2006 and, like many of you, was drawn in by bam, as well as whatever you think about you bring about whatever you focus on grows. You see, I believe that everything in life happens for us, not to us. And Tom ignited the fire within me to want to learn how to master the markets. So how did I go from knowing nothing about technical analysis to becoming the number one market timer for the S&P 500 in 2018 and the number two market timer in 2019? Simply put, I hired coaches with a proven track record which led me to a whole new set of tools that I created to interpret the message of buyers and sellers. 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Primal edge is powered by highly concentrated folic and humic acids, nature's preferred delivery system. They have been called miracle molecules because, like sunlight, air and water, life cannot exist without them. That's right, Paige. They ensure we receive all the nutrition we need to be healthy and thrive. We take it every morning. Primal edge, formulated and approved by NICO and Paige of living a primal lifestyle. Buy it today for just $89. Click on the primal edge banner on the front page of TFNN.com. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV for the latest market information. Welcome back, folks. We get the markets hanging pretty much right where we were for the duration. Right now, S&P is positive by about 5.3168, NQ is positive by 70. The Dow has been kind of just flirting around negative to flat to positive territory just under 26,025, 962. So getting back into what else we have going on. This school argument, folks, coming from Florida, let me tell you, whether you're a Republican or you're a Democrat, okay? In this state, I find it very hard to believe people are gonna be excited to send their kids back if it's anything like what it is like right now in Florida, okay? You have places shutting down. We've begun to almost accept 10,000 cases a day and you have President Trump out there saying that he's basically just gonna change the rules in terms of what the guidelines are from his own Center for Disease Control, CDC. They are the center to control diseases. And Trump is saying, I don't like what they're saying, so we're gonna change the guidelines. And this is gonna be more than that. The nation's second largest teachers union, teachers launched Wednesday, a million dollar campaign. We can't reopen the economy without reopening schools and we can't reopen schools without the resources to do so. And basically what they're saying is that you've basically changed the rules because you can't provide the environment that your own administration was talking about needed to be provided in terms of whether it's social distancing in the classroom, separations. This is gonna become a big deal, folks, being in Florida. And I hope it works out all right. What else we got on tap for today for Mr. President Trump, the Supreme Court in the final day of their term, there are likely to decide the battle over Trump's tax returns and financial records. So that's gonna hit the press at some time today. Look out for that headline, should be interesting. And as we come in to the final part of the program, we'll check in on some of these fang stocks. Why not? Amazon, making new all-time highs as we speak, up to 3120 Microsoft above 216 for the first time ever. Apple sitting above 385, Netflix shares 508.20. Watch out for that NASDAQ, folks. And watch out for our man, Larry Pezzavento coming up next with Trade What You See. We'll be back in three minutes, folks. Have a great Thursday. Stay tuned. Live programming all day at TFNN. Larry Pezzavento coming up.