 The following is a presentation of TFNN The morning market kickoff with your host Tommy O'Brien Good Friday morning everybody. I'm Tommy O'Brien coming to you live from TFN Just after 9 a.m. Eastern time Friday before Christmas Monday Just listen to my dad wrap up his program from last night gonna be an illiquid day today Yeah, that Christmas shopping yet pretty interesting how the weekend falls in terms of just even having a conversation with a friend this morning saying man everything is gonna be bonkers that when you've lined it up with Procrastinators, okay Saturday and Sunday. We're all guilty of it at times But you have the weekend before Christmas on Monday. I feel like a lot of people are gonna be doing that Christmas shopping on Saturday Maybe Sunday morning Don't save it too late where it infringes upon that Christmas Eve and Christmas Day holiday So I was telling my dad last night as well But an illiquid day and we kick things off with some weak inflation data interesting how that throws a little bit of gasoline on a potential volatile day with Illiquid in the markets and we get the S&P's up by about 10 points right now trading at 48.07 NASDAQ 100 We're up by 44 points. I mean check it out man. Are we gonna get the entire move back Wednesday? It's very possible. You get the NASDAQ 100 sitting at 17,000 on the dot We're only 73 points away from that level and you take a look the S&P's Gotten back on seven eight six of that entire move. We're now back to just basically where we were Wednesday morning before the market Traded down almost two percent intraday. We're gonna get it all back by the time we come into Christmas holiday Potentially Dow not quite the same acceleration right the other indices almost up to the seven eight six the Dow That's probably sitting there about the 50% the Russell Pretty much like the S&P in the NASDAQ getting back most of those losses We almost made it down to 2,000 just like that. We're 2047 in the Russell. We jump over to Bitcoin backs off a bit We're trading off $85 at forty three thousand seven seventy five Crew trading up seventy seven pennies at seventy four sixty six you jump to that gold contract check it out We got the gold contract up thirty dollars 2081 if you haven't checked out the gold report folks a great time to do it in general You got volatility in yields volatility in the dollar index that leading to some volatility right now to the upside in that gold contract Up another take a look at the daily on gold You're basically pushing all-time highs right now outside of a couple flash eyes the particular flash Tie That's 18 days ago. We got that spike high man time just flies that feels like it was yesterday when gold spikes Sunday night on The futures to 2152 Nonetheless, we don't get back to two thousand today. We're up again and that of course is going to be correlated to yields which we have a Little bit of volatility on 830 number. We dip for a bit. We're back. We're sitting at 1 12 28 right now At a 10-year yield of 3.85 percent almost 3.86 to be exact and you jump over to the dollar index DXY What do you got you got dollar weakness? That should have been a no-brainer You knew that one was coming if you saw the price of gold, right, which is why Commodities sometimes currencies are so important right now, especially if you're trading gold DXY 101 47 we take a look at the daily. I mean, we're gonna get it all back man Right as I'm gonna head a hundred looks like that's where we're heading to right back You were where you were in July on the dollar index 101 47 And we jump over To the Vic trades higher we got a Vicks right now sitting with the 13 handle all things considered very little volatility in this market But as my dad was saying to finish up his program last night gonna be an illiquid market and we'll see where we go from there All right, let's jump into the numbers this morning and Chairman Powell's gonna have a good Christmas morning man. He's sipping his coffee He's gonna have maybe two scoops of sugar in his coffee this morning. He's in such a good mood. I Mean you can't deny the numbers man. Let's just break them down right here PCE the feds preferred inflation gauge month over month Decreases right Core a much more important number to the Fed increases at point one percent folks We've been doing it point one percent times 12 was only a 1.2 percent number 1.2 percent number. Okay, 2 percent PC index year-over-year where 2.6 core were at 3.2 both of those numbers light and consumer spending comes in line So what's happening is lesser than we thought spending is actually keeping up even on a monthly basis right now And what I found myself asking myself what I found myself Asking myself about the market in general this morning is How long is the Fed gonna be comfortable with their rate above five percent if These are the numbers that we're seeing PCE 2.6 percent you include food and energy 3.2 percent they're at a restrictive rate of five and a quarter to five point five percent folks I think the markets figured it out. I think they're correct these numbers are aligning pretty well and yeah The overall price index was down Down from October the first decline since basically the onset of 2020 think about that one the first decline in the PCE the PCE is going down. You don't even need the PCE to go down Remember we just need the PCE to be going up basically two percent a year. Okay, and two percent a year is What point one five percent basically, right if you go up point one five percent on a monthly basis that gets you up one eight percent annualized rate times 12 Well, we're going down point one percent right now so we can almost afford for the PCE to be going up on a month Of point two percent that would put the number at two point four percent going forward you get the point man They're great numbers. We'll see where we go forward But nonetheless, I think things think things are setting up for That March meeting yeah my birthday March 20th can't forget that one man Now this is an interesting article in terms of what we're talking about here in terms of economists versus markets, right? Economists don't have the same deal going on right now in terms of what they're thinking. Okay? Economist see June as the start Yeah, of the recut cycle the November survey going to June a Month ago economists expected that to be in July. Okay, but the markets think in March But in reality folks If we're only talking about a three-month period. Yes, that matters to the market Okay, but if the only debate right now, which is what struck me when I went through this article earlier The only if the only debate right now is whether we're going in March or June and everything else is aligned I think that sets up well for the market. Yeah So keep your eye on that one we could go over it more But the important one was what we already covered Which is this because that's going to find the Fed and we have PCE the Fed's preferred inflation gauge now going down We have core PCE now going up at an annualized rate of one point two percent I don't think many people saw that coming with where the economy is right now X months ago pretty remarkable All right, what else we got is we come into the first break. Yeah, not so much The case for now. This is going to be an interesting one. So you got Shoemaker's trading lower. You got Nike with their numbers you trade down 12 percent Basically, what do you trade not out 15 bucks? Yeah, about 12 percent 1 22 53 you train at 107 50 right now You spiked initially and then yeah, they got some issues going on On for Nike and Nike the headline over there slashes the sales outlook two billion dollars in cost cuts They're trying to save themselves in cost cuts while they might help themselves But but you can't cost to the way to growth and they got some issues here as they cut the sales outlook Footlockers trading lower. We got some action on Friday before Christmas. Stay tuned folks. We'll be right back If you're looking for potential trading setups in the stock market then rocket equities and options report is a newsletter You should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and Technicals sign up for rocket equities and options report today with a 30-day money-back guarantee So you have nothing to risk for all the details and to start your subscription today Visit the front page of TFNN comm TFNN 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 TFNN has launched the Tiger's Den Hosted at Discord TFNN has been educating traders for more than 20 years with live Programming hosted by a variety of professional traders during market hours the Tiger's Den available to all Tigers and Tigris's for just one dollar for the year There's no catch or added costs when you join our community of traders sign up today and become a part of this Educational community of traders just visit the front page of TFNN.com 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 it 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 and hopefully I should have Fixed that little ducking that we got going on there had a little bit of a connection problem. Hopefully Are we my producer could let me know For good to go. I think we are and hopefully that connects all right as we jump through it So Nike shares let's jump over to the headline there To get into the numbers Forgive me as I was jumping around here Yeah, so they're gonna be talking about That highlight a number of risks in our operating environment including the effects of a strong US dollar Okay, consumer demand over the holiday season and our second half wholesale order books looking for the impact of these risks It's becoming clearer. Okay, this new outlook reflects reflects increased macro headwinds particularly in China and the EMEA Adjusted digital growth plans are based on recent So they have some issues going on They're talking about margins to expand between 1.4 to 1.6 percentage points, but they're gonna be trying to cut costs Yeah And the market's a little worried about that man. We jump around so Nike's trading lowered about 12% You jump over the Foot Locker shares. They're trading lower by $3 on Nike last night. Yeah, all right You know who else is trading lower. What's their symbol? 10 cent 10 cent holdings Is that it? No, that's tenable Maybe that's it. Oh, yeah, that looks to be it. Yeah, down 15% potentially Well, let's jump over to this deadline Oh, come on, don't lose me get too many articles pulled up here, but China's cracking down on gaming folks That's what's going down Let's see if I can pull it up over here. All right, we'll jump back to that one apologies up there It is perfect $43 billion in market value after China proposes new online rules Yeah, there it is. So 10 said down about 12.4% net eat net ease. Wow down 24.6 curbing excessive gaming and spending Friday mid-morning ahead of the four-day Christmas weekend holiday in Hong Kong Pretty interesting how China operates man. Yeah, so oh This is China's top gaming regulator require owners of online games to abstain from providing or condoning high value or expensive transactions in virtual Entities they're by auction or speculative activity among other things daily login rewards are going to be banned That's like the king of gaming right while recharging limits must be imposed with the pop-up issue to users who display Irrational consumption behavior It's too bad. We can't get a little bit of this going on in our country, right? You got to have like a dictatorship to get it Because seriously some of the stuff that happens here, man, they turn games into basically slot machines That you have to pay real money for right One of the other things that I don't use tiktok over and I use everything folks Facebook Instagram Snapchat. Don't use tiktok, okay? Because I don't trust China and what I also find so amazing is that China doesn't even allow tiktok in the form that it's used here in America To infiltrate their Young people they have a different version of tiktok in China and meanwhile they we allow them to have their version of tiktok in the u.s And boy, I don't think it's healthy for a lot of the mental health of Basically the younger people we've heard the stories in terms of Instagram similar theories stories, but it's always interesting when you see something like this You know daily login rewards for games now What would be the counter argument to that it sounds that but the counter argument The crushing jobs right through regulations and this is where the truth lies somewhere in between folks, okay? Yes, any regulation in theory could crush a job By holding back a business, but if that business is only going to flourish economically by capitalizing on People with addictions to games and maybe they're spending too much money on there and they're getting daily rewards Etc etc all that stuff really ties in but nonetheless those gaming companies they depend on it They are trading lower this morning. We'll see how that plays out. Yeah, we were talking about this one This one story out yesterday. We were talking a little bit about this story yesterday, but I was reading this one last night Talking about that that consolidation potentially between Warner and Paramount their two chiefs talking Debt-laden media giants would face several hurdles, but the industry driver deals will only pick up It would make sense man, you know, you think about the competitors. They're going against their minnows in the sea I think is the article stated yesterday Yeah, look at those numbers man Global streaming subscribers Not exactly minnows, right? We're talking about Peacock yesterday That was the one that they consider themselves minnows in the sea you combine those two when you're talking about a hundred and fifty five one sixty million And I wonder how many people would subscribe to That's subscribe to both of those services Sixty one billion dollars of debt that's the number I wanted to touch on there. That's quite a number man Sixty one billion dollars of debt you can start a lot of great companies if you get a sixty one billion dollar loan to start That company with folks think about that, right? Man so Warner Brothers and Paramount would have accounted for 24% of this year's domestic box office 30% of last year's The two companies would account for about 35 to 40% of viewing time over so-called linear TV networks Is that where you want to be and that's where they might get some pushback here? I don't think you want to be in linear TV networks right now And they're saying that's gonna take place no matter who is in office by the time We have a new president which is remarkable to think that that's the next 11 months We're gonna be living through folks is election season Yeah, pretty remarkable All right, let's see how some of the fang stocks are trading as we got less than five minutes to go until the opening bell whoops Jump over to Microsoft shares you get the s&p's up by 10 right now Microsoft Excuse me Apple shares barely in the positive you jump over to Microsoft shares Microsoft flat as well at 373 Take a look at Tesla shares Tesla straight and higher up. I'm more than two dollars in the pre-market session We jump over to Google shares trading up about 40 pennies right now we jump over to Warner Brothers Discovery. We were just taking a look at yeah traded lower this week in your flat this morning Paramount shares flat as well jump over to Disney Just hanging around 9150 man Netflix shares right now trading at almost 500 trading at 494 We jump over to Metta quarter year from Metta shares. They're trading basically up $1 right now at 355 We jump over to Vidya Let's take a longer term. Look this thing just flirting with 500 bucks man Yeah, I'm looking at we made that first move up. I think I set this line sometime in July. Let's see I Think I set that line sometime in July And look at how we've just you know, we've gotten about 500 that lines in about what 483 something like that But a lot of optimism priced into this market and we need a little bit of a digestion. Where do we don't need digestion right now? How about gold pushing all-time highs in 2078 check out that gold report folks And we'll be right back for the open TFNN has just launched their new trading room Hosted at discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market 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 catch 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 Dan 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 Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe Which is why it's a great time to try out Teddy Keg stats Tiger Forex report Teddy Keg stat breaks down the Forex markets every Monday using his 30-plus years of experience as a trading veteran of futures forex stocks and options Teddy releases his weekly Tiger Forex report every Monday morning with Coverage of all the major currency pairs including the dollar index the euro dollar pound dollar dollar Swiss Dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30-year debond as they both influence Forex markets tremendously when you sign up for the Tiger Forex report You also gain instant access to Teddy's 60-minute webinar archive He just hosted forex strategies and fundamentals What is behind the Tiger Forex report for all the details and to start your 30-day Tiger Forex report subscription today? Visit the front page of TFNN comm TFNN educating investors Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter market insights your key to successful active trading Tom O'Brien Renowned for his expertise in the financial markets has designed market insights to be your daily guide to profitable trades Tom Publishes his daily market insights newsletter every market day before the market open along with updates when warranted stay ahead of the game with Tom's real-time analysis and trade recommendations delivered straight to your inbox whether you're a seasoned trader or just starting out Market insights provides the edge you need to navigate the markets with confidence ready to join the ranks of successful traders head over to TFNN comm and subscribe to market insights today Don't miss out on this opportunity to supercharge your trading results market insights comes with a 30-day money-back guarantee for all new Subscribers so you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to TFNN comm right now to join the thousands of traders who have already experienced the power of Tom O'Brien's award-winning newsletter market insights firsthand TFNN educating investors Don't forget you can listen to TFNN live on your mobile device 24 hours per day Go to TFNN comm and hit watch Tiger TV. That's TFNN comm and hit watch Tiger TV Welcome back folks. We got markets open last day before Christmas of trading and then what do we got we come back? We've got four days For the end of the year and then we got another holiday as they both fall on Monday for New Year's as well Christmas on a Monday New Year's on a Monday Markets closed on Monday, of course as we will be I hope you all have a great holiday with your family And as we kick things off we get the S&Ps up by 10 points right now We get the NASDAQ 100 up by 48 a little bit of weakness in the Dow there with the Dow off 60 points Let's check out some of the action Nike opens up down $14 that's a 12% drop from Nike shares footlocker on the heels of that footlocker sells a lot of Nike man down 8% Yeah, you're a sneaker company and you're in bed with Nike and Nike's having issues You're gonna have all in footlocker taking a little bit longer term look at these equities, right? Let's put it on a three-year weekly. It's a tough deal going on with footlocker right now, man You just had quite an acceleration from 50 bucks up to 30 But as you can see what do we do we just fill that gap we got from two earnings ago six months ago In May when they come out with their numbers You jump a price point Not a lot of strength in that chart right now Nike you jump over Yeah, that's a tough one, man. And this is where the things get interesting We say does this market have room to go higher? I was looking at some of the equities yesterday, right? Where I'd said, you know, we're potentially an ABC ABC to D's They can take this market higher because we haven't even come back to test the recent highs We've had likes the stocks the like of Amazon up another two tenths percent today still got 30 bucks to the upside You're completing an A to B C to D Like Microsoft we were taking a look at yeah, that's well above the highs But that could be pushing an A to B CDD. I think Google was one of the other equities We took a look at we're only trained at 143 you got highs out there above 150 as you're trading higher in pretty dramatic fashion Meta shares Quite a year from Meta man 356 you're only 30 bucks off the all-time highs of 384 Meta shares up another half a percent today as we get a little bit of a lift in the market. We check in on yields Ten year right now just chopping around 112 27 Let's take a look at the dollar because that was where we really got some action here. We got dollar weakness And it's continuing 101 50 right now in the dollar. That's been put in a bin in the commodities You got gold up $26 right now crude up 72 pennies trading at 74 61 And we've talked about the inflation data. It's Friday before Christmas It's gonna be a little bit of liquid out there Santa Claus is coming on Monday evening And how about this article man pretty cool? I'll put this one in the tiger's den from the journal I think it was out this morning, right last night. Okay last night at about midnight, so I was reading it this morning It's just interesting. Okay, we'll jump around a bit from the market to a little geopolitical Whatever you call a man like Putin getting challenged for control for a country like Russia and the man who did it thinking that he Would have the right to fly safely around that country after that think about that man Think about that and the ego that it takes to do that, right? I mean he flew out of Moscow, man, and he was on the flight plan. I just don't know how that level of Whatever you call it. I don't think any word would do it justice But they talk about here. So pro goes in he was on his embryo embryo legacy 600 sitting on the tarmac in August in Moscow heading home to st. Petersburg with nine others on board some of his top commanders top generals Through the delay. Okay. No one inside the cabin noticed that a small explosive device was slipped under the wing It's just that simple man Things got put in play a couple months prior Putin was aware in this story I mean they call it an exclusive out here. Okay, and Petrusev a top ally of the Russian leader for decades put in motion the assassination of the Mutinous chief of the Wagner mercenary group and it was just that simple man They had him on the runway. They had a little safety check and They waited on the runway for that safety check to be completed a bomb got placed on the wing They let it climb for 30 minutes to 28,000 feet. Think about that one, right? They make sure you're a third 28,000 feet before they blow that wing off you and yeah blew it apart and it spiraled all 10 on the flight were killed They denied involvement and Then there's a few quotes in here, you know It's this one says hours after the incident none of this should be surprising But see a play out in real time as opposed to just some kind of thriller that's airing on HBO Max A European involved in the intelligence gathering who maintained a back channel of communication with the Kremlin and saw news of the crash Asked an associate there what happened and he had to be removed was the quote and I would say so man, you know Putin I don't know pretty interesting to see how Progosian thought that he would have the ability to act as if He could do that and then have impunity over in Russia Nonetheless All right, what else we got going on so we talked about some of the China companies We talked about Ten cent. Let's take a look at nettees There's a drop for you. You go to bed at 105 you wake up at 83 any time you're trading in these Chinese stocks, man Be aware that you might wake up one morning. Look at this man. You know you bought this thing to start the year You were up 50 bucks on 70 What's that 70% gain basically you might not even have any gain by the year end think about that You were up 70% on this equity in November for the year Let alone if you were cherry-picking the lows, but that's just kind of where we kicked off the year about 70 to 75 bucks You're up 60 to 70 percent. You're gonna give it all back Because these might not stop man, you know, you're a gaming company in China and they're talking about Ramping things up in terms of regulations and what's so remarkable is think about it. They're protecting their consumers. They're individuals, okay That's the one that spins my head. Yes, you shouldn't be able to do that with Without some democracy involved, but it's too bad that we can't have a little bit of democracy and combine that with a little bit of benefit for the consumers because Boy social media gaming all that stuff. It's becoming very addicting and Harmful to society listen, I might get a PlayStation soon. Okay gaming is great. You got to separate the two in terms of moderation in anything, okay and The nature of that gaming and especially kids right praying on kids and It's not that oh you can play a game here and there It's that addiction cycle that they're so good at I watch today. We have a Tommy of course is to he'll be three in February his brother land is six. He'll be seven in June and I've seen land in place some of these games That awards you bucks, right? They would your bucks and then you can buy things or something like that or you get a greater level and I've watched how he has the tendency To want the rewards want the money and meanwhile the rewards are basically even meaningless within the game that he's playing But somehow they've trained his brain to think he needs them It's almost like that same slotted slot machine addiction that we see in real life action somehow So yeah, but the gaming companies will make less money And that's why we haven't done it here because the pushback is always that they'll make less money We'll have less growth. We'll have less jobs created always remember folks We can have both okay, the truth can be somewhere in between which is an important thing to remember Yeah, see how Apple straight on the open right now. We got Apple Basically flat put things back to a minute. Yeah, we trade lower on the open on Apple interesting man Apple just keep back a dollar on the open as this markets actually pushed a little bit higher We're gonna get a little bit of a rotation Microsoft rates lower as well We still got markets and positive Terry Tory folks. Stay tuned. We got a lot to talk about day before Christmas TfNN has just launched their new trading room the Tiger's Den hosted at Discord TfNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours And now they are expanding their reach with the Tiger's Den available to all Tigers and Tigris's for just one dollar for the year There's no cash or added costs when you join our community of traders in the Tigers Den 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.com 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 in 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 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 call 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 four-side fund services LLC This program is brought to you by Vista Gold traded on the NYSE American and TSX under the symbol VGZ Mac folks we get the S&P's up almost 20 right now markets catching a lift the Dow up by 65 Dow had been in the red I got kind of the heat nap up here in the thinkorswim platform and as you can see Nike a Big loser in the Dow off 10% right now. You're trading at 109 But even with that going on your companies like Walmart up 610s percent Cisco up 710s percent Intel positive by half a percent IBM excuse me positive by half a percent American Express positive by six tenths a lot of green on this board man Amgen a Very high price stock up a full percent right there for Amgen chairs You jump over to the S&P 500 for a glimpse Nike sticks out in the red. You got answers Inc up 16 percent Now how about the Russell though check out this heat map on the Russell There's a lot of green man Right check out some of these companies man You got biopharma rocking you got some pharma deals Look at these biotech sections Look at them all glowing green in here. Now. You got the Russell right now up a solid Was that 1.3% almost for the Russell? And you can see why a consumer discretionary is where you're getting hit there always interesting we do it right Healthcare dramatically green financials doing pretty well Information technology not that bad consumer discretionary weighing on the Russell in a big way right now. That's the only basic Then you jump over the S&P Yeah, consumer discretionary With Nike leading the way All right, we take a look at this chart We back it up to a 15 minute and we only got about 14 points in the S&P to get it all back 48 30 Do we hit it today? Why not right? Why not? Let's see what else we got going on. We jump over to Coinbase with Bitcoin roaring higher Markets roaring higher Coinbase up another 3.5 percent today. Yeah, pretty much remarkable now They also got an optimistic call from an investment bank Doubling their target calling the company the Amazon of the crypto currency space Well, Bitcoin may be back man. It's possible Bitcoin trading at 43,000 it's been quite a year for Bitcoin Rising from about 16 to 43. We got highs out there near 70. It's only one Bitcoin man Yeah, so in the in the health care spectrum, you have Bristol Myers Square buying Karuna therapeutics That's KRTX is their symbol They're up 47 percent And they're gonna buy them for 14 billion or 330 dollars per a share So that number almost right at that number we're trading. They're buying them at 330 share We were just trading at 160 less than two months ago. So if you're in that equity, congrats, that is quite An acceleration to say the least All right, what else we got pulled up here Yelp, let's talk a little bit of yelp. This one's interesting Quite the year for yelp 25 bucks up to almost 50 yelp up another 1.55 percent today in this story How about 1.2 billion a year in revenue a 10 fold increase from when the company went public in 2012 And about what google generates in ad revenue every two days Pretty remarkable when you put it in that context um But look at the share performance man this year Well above nasdaq well above google even cherry picking some of the best out there Sales and marketing cost as a percentage of annual revenue Not bad pretty much a declining number when you look at the cost as a percentage Of the annual revenue, but that's their sales and marketing cost and usually they go hand in hand That's not exactly a fixed cost like you're dealing with Yeah And what is interesting is i remember a couple years back a few years back at this point probably 5 or 10 even Yelp was on 60 minutes the ceo talking about how google has clamped down so much on driving everybody to their own Basically search functions of everything that a company like theirs could not actually be started in today's environment because google would stifle That type of search result to that degree That's where things really were ramping up against google and what's happened. Well Yelp's doing just fine, man. Okay, so all these arguments of over competitive Behavior from google. I mean you just saw it folks. They have increased that number An average of 12 Okay, that's the cost excuse me a 10 fold increase In sales from when they went public in 2012. So I think they're doing just fine I think that was the guy that was on there on 60 minutes And it's an interesting piece folks. You want to find that one do some googling over the weekend and find that one because it is All right, let's talk a little bit of football man. We got some great matchups coming up And uh, yeah, they're talking about the year and I don't I don't think they're going to steal christmas, man But they got some games going on for the first time the league scheduled three games when the holiday falls on a Monday Including one showdown featuring the top two teams. So christmas eve get ready for it, man yeah, you got uh The ravens and the 49ers is the marquee game the two best teams the favorites to win the most valuable player and carries an enormous playoff implications But they say more about the nfl's ambitions. Yeah, it's on christmas Oh, this is christmas. Wait a second. What day is christmas? What am I reading here? christmas is on a monday Okay, so they're just talking about when it's been on christmas and they've never put three games on there I don't know. I guess so maybe they stacked them all I mean what happens is you don't have a lot of college football games going on So they have the ability to stack games. We had some going on On thursday already you're gonna have games on saturday, of course as it goes forward But yeah, they're trying to corner a little bit of christmas is what is interesting is i'm not a huge basketball fan, but I always remember seeing those Basketball games playing right usually lebron the lakers would be on kobe. I remember Some christmases sadly enough watching kobe play So there's something about sports being on the tv in the background Yeah Look at this. So they talk about Even on sundays the league used to rewrite its schedule as if playing football on the day would be an affront to santa claus himself Okay In 1971 Two playoff games featured duds a future hall of famers that day began when the dallas cowboys met the vikings and seemed like it might Never reach an end when the next one Went into the longest game ever And what happened? There was a little bit of pushback. So the backlash was strong enough that the league didn't play another christmas game until 1989 Now it feels like they eat it up, but it's a different world man In terms of advertising and what goes on there Yeah, they talk a little bit of trades We talked about the fed So if you didn't catch the beginning of the program circling back on these numbers man strong numbers I nothing slows this market down right now in my opinion, man We're sitting at 48 20 in the s and p's were 10 points off the all-time highs nasdaq 100 up 74 The da was up 105 and that's with nike putting quite a pullback into that index da weakest index only up by three tenths percent Excuse me because of nike, but nonetheless still up 100 points for nike shares Consumer prices are going down folks and even on a core basis Do this one you got somebody going crazy about inflation Make sure you remind them that month over month prices are going down and on a core basis They're only going up 1.2 percent. That'll be a conversation starter at the christmas table. I kid keep the peace Have a nice christmas. Avoid the politics in the market. We got one more segment. We'll be right back folks. Stay tuned The gold report As a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market The us futures market and the shanghai gold exchange the gold report tom obrien publishes his weekly gold report every monday morning for subscribers Consisting of coverage of the xa u hui gdx the dollar bonds the south african rand As well as 25 different mining equities with specific buy sell recommendations The gold report New subscribers get a 30 day money back guarantee. So you have nothing to risk Subscribe to tom obrien's gold report newsletter now at tfnn.com 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 basal 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 in stock prices get the opening call newsletter by basal 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 The reality is that navigating financial markets can be risky Markets can be chaotic and difficult to understand Having the latest market advice can help you turn this chaos into a key for creating winning trades At tfnn we understand that it can be hard to find reliable market news That's why each of our market experts offers their very own market newsletter A must-have tool for every trader out there striving to find an edge in today's markets tfnn newsletters cover every aspect of the markets so you can analyze the market before you trade Try any of our great newsletters risk-free with our 30 day money back guarantee Just visit the newsletters tab on the front page of tfnn.com tfnn educating investors 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 Come back folks. We got the dial right now You are up 112 points even with nike there. We're pushing 37,865 the dial weakest index But up by 3 tenths percent even with nike weighing it down nasdaq 100 up by half a percent 80 points to the upside back above 17 000 S&P's up by half a percent 48 21 within about nine points of the all-time high And how about the rustle man making recent highs of 2067 now? Remember the rustle is the one that hasn't hit that high And you still got 400 points to go But boy, we took a look at that heat map right and the rustle Everything is bonkers no matter where you look man. I mean look at this real estate. You got equities in there Compass up 10 percent red fin up 6.5 percent. You jump to enemy and excuse me energy You got a bunch of green in there health care of deals going on Corona getting bought for 14 billion dollars up 47 percent Just remarkable the acceleration you got going. All right on the flip side of that We talk a little bit of credit card that man 2024 going to be an interesting one man The fed is going to be cutting can the consumer maintain it? Is there going to be any lag and quite the headline here revenge spending drives us credit card debt passed a trillion dollars One trillion dollars that number going up by 48 billion in the third quarter alone The number is now 1.08 trillion according to the new york fed And that was before the holiday shopping season started. What does that mean? Yeah, that means that it is going to go up folks The health of the u.s. Consumer is going to be closely watched as the u.s. Fed eyes rate cuts and I would say so man Yeah, you got a lot of americans draining their pandemic savings now You're going into credit cards and we'll see if it pops up and if it matters But nonetheless that number going up at 1.08 trillion dollars 1.08 trillion dollars be careful of those credit cards folks All right, thanks so much for starting your friday off right here at tf&m with me You Folks have a great day. Have a safe day Enjoy your family. Enjoy your friends over the christmas holiday Happy hanukkah whatever you're celebrating. Enjoy it folks. Enjoy your friends. Enjoy your family. Stay safe out there Okay, don't drink We all might enjoy a couple holiday cocktails casually getting it over it's worth it We hope to see you back here on tuesday morning at nine o'clock. Have a great christmas Stay tuned folks basil chapman. We got live programming all day Stay tuned and have a great friday folks. We'll see you tuesday. Happy christmas. Merry christmas. Hope