 The following is a presentation of TFNN. The Morning Markets Kickoff with your host Tommy O'Brien. Good morning everybody, I'm Tommy O'Brien, coming to you live from TFNN in beautiful Isla Marada, Florida for the week folks. Tuesday morning, 9.06 am, we start the day off in negative territory. You get the S&Ps down 27 points. NASDAQ 100 down about 25 points right now. That's only just more than a 10% drop in the NASDAQ 100. The Dow feeling the downside more so than the other indices. You're talking about a Dow right now down 277 points. That's 810% and you have the Dow up 350 points off of the lows we got last night and the Russell continuing to be the one hardest hit. You got the Russell right now down almost a full percent. You're negative 21 points at 2219. We jump to commodities right now. Commodities, currencies, Bitcoin, quite an acceleration from the lows we had on Friday, Bitcoin back near about 59,000 so far. Crude though, look at the volatility on crude. Challenging the lows we had on Friday after getting up to a price point of yesterday. You're talking about pushing almost 73 bucks. We're back at 67.37 for the price of crude. We jump over to gold, which is up 13 bucks this morning at 17.98. We jump to notes and bonds. Pulling this on my screen. I'm out on the beautiful balcony folks, but we got a lot of sun. A lot of sun this morning, so a little bit of glare on the screen, but we'll get through it. You have the 10 year right now. Look at the acceleration. We're up about 27 ticks. 13103, Thursday's action had a 128 handle and we pushed 13110. Remarkable move right now in bonds. We jump over to the VIX as we have some negative action last night. We're going to put it all in context in a moment. You had the VIX spiking to a high of about 2750. We've backed off a bit. Still quite a lofty level of a 25 VIX level right now. What's it all have to do with? We jump over to the headline. Moderna's concerns about the new variant outlook spark market slump. One founder saying the mutation point mutations point to a serious threat. The CEO out there speaking as well, talking about, and I'm going to try to get the quote in here. Yeah. So you have Moderna striking a pessimistic tone that Pfizer, chief executive officer saying earlier in an interview with Bloomberg that it will be clear in two to three weeks how well. No, that is the Pfizer CEO. The Moderna CEO is the one who spooked the marketing here completely and I'll pull up that exact quote. Is it? Yeah. Yeah. Just the seriousness of the threat nonetheless. So here's what we'll say about this and we'll get the quote. You are listening to the CEO of a vaccine maker saying that the whole world is going to need more of their vaccine in three months. There's a definite conflict of interest with that data coming from the CEO of that company. Doesn't mean it's wrong. But take that for what it's worth and take for what it's worth in terms of the vaccine will not be nullified. It looks like everything is and it looks like scenario. When you're talking about a science that we're discovering as we go here as we get new variants are just discovered. But if you recall when we first had the vaccines to bring this into full context of the market in my opinion kind of overreacting here is that the whole goal initially was to say the vaccines will only make a material impact if it's say 50 to 60% effective. We were very fortunate to get vaccines that at the onset of the pandemic and 95% effective. If the vaccines we have with the boosters are still providing a level of immunity that can keep us OK as we maybe potentially get a booster. The next round of boosters has the material to address that specific variant. Point being this is nothing like the beginning of the pandemic and the market is almost acting like it when you get drops of 1.5 to 2.5% on mere comments of almost a worst case scenario situation and it doesn't look like to be a best case scenario situation as in the variant does look like it is a cause for concern and that more attention might be needed. But the market just drops out of bed at about midnight last night. Here's your S&P chart we're talking about from trading from 46.56 down to at 1 a.m. a low of 45.82. We've bounced 40 points already from that low. We put the S&Ps on a daily to see the acceleration. We had quite a channel line that we were in for the better part of May all the way to September. We actually got back within that channel line on the beginning of November sold off hard. OK, this is what I look at to get out of there and really sold off hard as we touched that area. So kind of not what you just want to see it. So you come back you test the channel line and man you dive lower in a big way. But not sure that the market should be paying attention to the variant with this type of a reaction. When you look at how quickly we give up so much in the market action and you're talking about September 2nd folks. We have a high there of 45.44 zooming in on this action. Is that the exact tie at 45.44 45.49. So we'll call it 45.50. So we're within about 75 points of where we were trading almost three months ago. The market makes new highs at 47.40 and just like that we give up about three months of action. What is also interesting today to keep your eye on is that you have Chairman Powell going to be speaking in front of the Senate. So he will have some questions I'm sure he'll probably do his best to steer clear of anything definitive as he usually does. You have Treasury Secretary Yellen is going to join Powell on Tuesday and testifying before the Republican Committee on Tuesday to tell the Senate that the variant poses downside risk to the economy and complicates the inflation picture. It's just an added risk folks and there are a lot of risks in this market currently and maybe that is the catalyst that begins the selling. That is definitely possible but I don't see it being a huge impact because even if there's something that it is providing more breakthrough cases I had already got my booster. I imagine there's many people who are vaccinated if it becomes something that's clear and present that they could get a booster in a few months that might provide protection to this. I don't see that slamming down the economy to the tune you're getting two and a half percent moves on Friday after Thanksgiving. You're getting what we have the S&P's down approximately 68 points last night on those news almost in a heartbeat. And again now Moderna shares to provide the full context they are lower this morning. So you have the CEO providing comments that their vaccine may need to be updated. Regeneron out there saying that it looks like the efficacy may wane a bit versus this new variant. But you also have the vaccine maker coming out and saying that everybody is going to need a new updated vaccine in three months. That seems like a pretty rosy scenario especially when I saw one take on this. I believe I have this up here. That is the main headline talking about the founder saying the mutations point to a serious threat. But there's another one out here. I think it might have been a Bloomberg opinion piece. That is not it. Talking about now we'll get into all those but talking about basically that this could actually be Moderna's chance to outshine Pfizer when they've kind of lost a Pfizer in terms of Moderna not living up to the health they've had recently. Maybe they're going to use the new variant as a way to try and up themselves in that region between themselves and Pfizer. Talk a little bit more about that. We'll be right back folks. 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. The first time subscribers also get a 30-day money-back guarantee. 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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 4.00 p.m. Eastern. For free each host is an experienced trader and gives their take on the market while taking calls and questions live in the world. From the moment the market opens until the closing bell sounds Tiger TV has 8 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 Welcome back folks! We got the S&P is negative by 30 this morning. NASDAQ 100, negative by 37. You get the Dow now off 304. Let's jump over to our man Kevin Hinks. Every trading day folks, noon Eastern time. Kevin Hinks, Tom White, the team at TD Ameritrade Network Fast Market, breaking down the day's market action, walking you through hypothetical trade setups. Kevin Hinks, we have a lot happening since the last time we talked to you prior to Thanksgiving, man. Good morning. Good morning, Tommy O'Brien. Yeah, quite the interesting turn of events here. But who'd have thought if you thought, Tommy, that I said 1-4 on the 10 year before 1-7, you'd have probably said, how is that going to happen? Well, that's how. I think today is really interesting, Tommy, for several reasons. Number one, every morning U.S. traders wake up to foreign markets lower, which weigh on our futures, right? Now, take into that effect some of the news from Regeneron and Moderna this morning that their vaccines are less effective. And then you've got some comments from Jerome Powell that he's speaking today at his Fed chair speech. And all he can do, Tommy, is be cautious on this, right? No one's willing to take a flyer. No one's willing to predict what's going to happen. They're all to be cautious. So the timing is not great, but that's making the markets a little jittery. But that said, Tommy, as I look at the markets today and we talked about this several times, the Nasdaq is down less than 2.10% now. So even though the foreign markets were down pretty substantially and we're going to be lower, it looks like this is an opportunity with a tenure at 1.4 to take a hard look at some of these markets, Tommy. I love what you're saying, Kevin, and I agree with it. And this is my personal bias. You're adding your take on things, which is why we get you on the program and we love it. But I was having conversations, Kevin, even Thursday night, right, Thanksgiving, as things were starting to unfold a little bit and the market saw it was 1% down when our futures opened Thursday night, right? It was about 2.5% down when they opened for the half day somewhere in there on Friday. And we were kind of asking the same thing, being humble to the market, right? Seriously saying, one friend literally said, I never think I'm smarter than the market, but and kind of laid out what we were saying in terms of, you know, I don't... Is this gonna change quality of life for business actions or actions that we're making for the economic purpose, being out and about, traveling? And we just didn't see it, Kevin, you know, in terms of this is not a... And at that point in the evening, Kevin, in the trading, it was only the worst of the worst, fear, worst case scenario, tweets that were kind of out there about this new variant, right? The WHO had decided they were gonna have a meeting on Friday. You had certain tweets coming out. And point being, it's like this... I just don't see the economic activity of a shutdown coming back to the point where, I mean, I don't know, Kevin, my dad and I were in the keys this week, we're on vacation, right? You think about where we were when we were getting market sell-offs of 2.5% overnight, like the world was changing as it was early on the pandemic. I'm on vacation this week, man. You know, I'm still doing my job. My friends are out and about, we're traveling. So it's really interesting, the market reaction type of negative news when, in my opinion as well, I think it might be a little bit overblown, folks. And there are risks that are present, but we all know that, man, and that's like life in general. You know, there's always a worst case scenario, but the relevant risk of that level at this point, I think, is a little overblown when it's just not where we were anywhere near. I mean, Kevin, I thought this morning, right, in terms of what the Moderna CEO said. It's like another way to say that is that, you know, it's a remarkable thing that they said we almost have a vaccine if we needed it that's ready in three months. We don't even know if that's the case and we'll have it ready. It's like you could put a positive spin in my mind. What do you think about all that I just talked about there with the VIX sitting at like 25 this morning even? Yeah. I agree with everything you're saying, Tommy. I think the overall effect on Americans being around is going to be minimal. And so, you look at a 10-year that's now 1-4 and that makes stocks more attractive. And now let's be helpful here to your listeners. What's going to be lowered today? Well, with a 1-4, 10-year banks are going to be heavy. Banks and financials should be heavy. If you think the bond, the 10-year yield is going to stay at 1-4 or maybe go back high towards 1-6, 1-7, the banks are probably a good trade on the downside here. Anything that's interest rate sensitive like banks and financials, anything that stores money will be heavy today because of lower yield. So, there is something to look at. Plus, you already got a NASDAQ that is off its lows and E-minis that are off their lows. So, this could be a good trading market. Just don't get sucked in by foreign markets that are weaker because let's face it, their economy is not as strong as our economy and they haven't done as good of a job with the vaccine, with the COVID virus that we have. So, this number that we're getting on Friday from non-pronged perils could be another whopper, Tommy. And so, that we'll get a precursor for that tomorrow morning when we get ADP. So, I think this is an enormous opportunity to participate in some of these names that are getting hurt today. That's why you got to be a good trading market. And I agree, Kevin, I said the one thing, if you have foreign exposure right now to Europe or some of those areas getting hit pretty hard, that's something that could hit you, for sure. That's a different animal, right? Yes, for sure. With that in mind, Kevin, of course we got Fed Chairman Powell, he'll be talking. Janet Yellen will be out there. We have the obvious stories that you guys may touch on. But what else are we talking about on the program coming up at 12 today, Kevin? We're going to trade JPMorgan in the first segment of the show. Talk about it and put on a trade on JPMorgan. And then we're going to look at Salesforce. And then we're deciding should we go Zscaler or we should go NCAP. So, probably the third block will be Zscaler today. Nice. And those are two of my favorite stocks to start things off, man. JPMorgan, Salesforce has been on a tear recently. Their acquisition of Slack, going into effect. And Jamie Dimon. Are you guys going to touch on Jamie Dimon talking about that he's going to outlast the Chinese Communist Party? I kid, but quite a story there, Kevin, right? And he pulls that back a little bit talking about China. Yes, I mean, you know, compliance, I'm sure JPMorgan, just like TD Ameritrade, has a large compliance department that I'm sure said, excuse me, sir, let's not say that so much, but you can't talk about JPMorgan without talking about Jamie Dimon. Oh, a big, I mean, quite the leadership, man, that company, it's just I look forward to the program, Kevin, JPMorgan, one of the strongest banks out there for, and yeah, Dimon been at the top of that for a while. Kevin, man, we appreciate the education, the conversation and we look forward to the program at 12 o'clock today, man. Thanks for having me on, Tommy, have a great day. You too, Kevin, take care. Folks, tune in every trading day, man, they get a lot to talk about today and you heard it, JPMorgan, Salesforce CRM, we have some Salesforce in my newsletter, Rocket Equities and Options for Disclosure, but great company, Salesforce Integrating Slack and Accelerating and let's pull up Salesforce because it has been, you look at the volatility but, man, we take a look at Salesforce, you go back to, let's go back a three-year weekly to see the full run here. You make it up to a high going back to August of 2020 of 278, quite a pullback, right, and look at this channel line that has been in. You're going back to May. You're still within that channel line, folks. We got a weekly up. We'll take a little bit, look, look at this one on a daily and that's a channel line you like to see, folks. You talk about channel lines, right? Look at the way this thing bounces off the bottom of this channel line even just recently and, yeah, Salesforce, quite a day yesterday. You look at that bounce. You got to love channel lines. Oh, to our man, Bud Rolfs. All right, folks, stay tuned. We got the S&Ps now down just 24 points, NASDAQ 100 down just 21 points. Look for those. Imagine NASDAQ 100 might make a run to positive territory of the open. Stay tuned, folks. We'll become right back. Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an apex predator in the trading markets and join the Tiger's Den Trading Room only at tfnn.com The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the Den and surround yourself with the sharpest minds in the trading world. Subscribers to the Tiger's Den are also the first to have their questions answered live on air and can privately chat with our tfnn hosts live during their shows. 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Using this first-of-its-kind program, the Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleafs, ABCs, butterflies and much more. The Art of Timing the Trade Chart is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now we're offering licenses available at stores a month. We are so confident that you're going to love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of the Art of Timing the Trade Charts today by visiting tfnn.com This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com Welcome back folks. We have markets open. We've got the S&P's down about 29 points to kick things off. NASDAQ 100, you're talking about down just 48 points right now in the NASDAQ 100. Come on, there we go. Let's get this out of here. There we go. Looking at the action on a daily basis, I mean you're talking about 16,767 within about 400-plus points. You're within 3% of an all-time high on the NASDAQ 100. Dow, you're talking about, I'm not sure why these order entries keep popping up here. That's what I'm doing. Dow right now trading 34,797, you're talking about down 268 points right now. Let's jump to Moderna. Moderna, their CEO kind of starts this all. You're down 4.4% right now. All things considered though folks, to provide some context here, Moderna, when you look at the date, you're talking about Wednesday is the 24th before Thanksgiving. Wednesday, Moderna is trading $270. You're $80 higher on this equity from a $270 equity. What is that pushing? That's pushing about a 30% acceleration to the upside on the new variant concerns. Then you have the Moderna CEO coming out and really the lines there is that he predicted a material drop in the existing shots advocacy and damped expectations, new ones could be ready soon. It seems like new ones can be ready in 3-4 months. That's what we have out there so far. It seems like there could be a drop in the efficacy versus a new variant as has been the case with the delta variant. But a material drop, even from the levels that they're dealing with would still provide protection of some degree. This is not like it's just going away. I say that because in the context of that they are going to make shots that will address these mutations in the current and then they'll be able to say once those shots are made that everybody now needs a new shot. You just went from $270 to $350 it's up 30% since the Wednesday before Thanksgiving on this news. The idea that their CEO at least has a conflict of interest to begin drawing attention to this new variant that might need new vaccines. I'm trying to stress that to at least provide some context of how I am considering those comments from the CEO. I don't imagine I'm not building a conspiracy theory but I'm making sure that we're all aware of the conflicts of interest when you have the CEOs of vaccine companies stressing that this is going to go on forever. The new variants are very scary and we're going to work on the additional shots to get them done. Just keep that all in mind folks. We have the S&Ps now down just 19 points and let's jump over. Kevin was saying if you have a long term investment horizon there are buying opportunities on this. And look at the S&Ps I mean we came right down to the lows. You're talking about a low 45-77 yesterday and we had a low of 45-82. You make it within 5 points of that low and just like that we've now taken off 46 S&P points. You're up a full percent from the lows as we look to trade higher 46-28. NASDAQ 100 down just 67 points as well. Let's jump around to some of the fang stocks. So we'll talk a little bit of retail. Amazon shares up about two tenths percent today. Amazon when you get into the Black Friday Cyber Monday. Cyber Monday online sales drop 1.4% from last year to 10.7 billion falling for the first time ever. Interesting that you actually have Cyber Monday online sales dropping. Speaks to the level of online sales probably going on last year. If you back things up to November of 2020 that was prior to anybody really having access to the vaccines. Vaccines the data started becoming available if you remember right around the election in November of 2020. So a much different world where we were a lot less comfortable shopping in stores versus shopping online. But it's the first time that Adobe has tracked a slowdown in spending on major shopping days. Still Adobe expects the entire holiday season will see record breaking e-commerce activity at shoppers spread out their dollars over more days. I was talking about this a little bit yesterday too. I did not buy anything on Cyber Monday yesterday. We're on a beautiful vacation down in Isla Marada, Florida. So I was a little bit busy as well taking care of business and then have a little fun as well. But there was no it didn't feel like a fear of missing out on a Cyber Monday like it usually does. It feels like there's going to be deals abound. And yes there are probably some exceptional deals out there yesterday on certain items trying to draw people in. But you see the numbers. My sentiment is shared by some others as well as I mean I even know some companies actually do their Black Friday sales like a week ahead some online retailers and I wondered whether they were maybe trying to just beat the rush because everybody feels like there's a sale and maybe there might be some fatigue as you get later in the holiday season that sales don't mean as much as they used to when it's a sale 24-7 it feels like across the board. Okay what else do we have going on let's jump to natural gas which they're talking about in the den is it simply unwinding yeah I'm not sure Mike natural gas sinks on track for the worst month in three years so pulling up natural gas getting down these commodities and G come on I mean nice if I could see my screen in the sunlight there we go natural gas was up to 550 when we ended Friday's action you drop almost a dollar you do drop a full dollar of lows now putting this thing on a daily and that is quite a drop folks you are now below a natural gas a definitive area of support you go back to September of this year and you have a floor that it hit once in late September also bounce near that area in October chopped around near that area for basically the entire month of November and now you've accelerated through that area seems like the next stop on natural gas could either be 412 which is the highs there but maybe you're coming down to an area probably 375 a little bit more around there as well let's jump to crude because the volatility in the screw contract we're going to talk to our man Teddy Kegstad tomorrow at 40 past the hour from forex-trading-onlock.com always gives us a great take on the forex market he's been calling for $100 oil for a while it has been quite a run we got a real pullback here though you're talking about from $80 down to $67 now when I talk to Teddy recently all things considered yes this is now quite a pullback when you go back to the run we had from August okay which was $62 back to $85 you see that we've broken the 618 we're back to the 786 maybe we do a full retracement bringing us back down to about $61.70 but you take a little bit of a longer term even going back a three-year weekly my goodness do you remember the consolidation we were in from about June and through November of last year okay a year ago a year ago in November you had crude starting off the month with a price handle of $33 so keep that in mind on this pullback because we are just double the price of where we were almost a year ago call it 13 months if you'd like okay you zoom in on that action you go from $33 and change you had a slight pullback in March of this year you top out in July you pullback now for some context here I'm going to add a drawing I'm going to add a Fibonacci retracement for some context on these pullbacks I mean you're talking about from that high we almost make it to the 382 and that is why maybe you know that area of $62 is the next stop so that correlates to the 382 from our first move okay and boy if you want to talk about really work and go though you do the whole run we had from November of $33 up to $85 you're talking about a 382 puts us look at that though puts us almost right we're trading that you're talking about a price level about $65.71 would be a full retracement of that move that we broke out of the consolidation in November all things considered I mean those could be considered healthy pullbacks in this market folks if it's going to maybe make its way up to $100 and if the fears are over blown of the new variant that just took like $12 off the price of fruit see folks will be right back are you in the market for buying or selling real estate in the Bay Area including the surrounding St. Petersburg, Tampa and Clearwater markets Tiger Real Estate LLC is a firm that has extensive experience in the Tampa Bay Area 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 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tv that's tfnn.com then hit watch tiger tv back folks we got the S&Ps down 25 points nasdaq 100 down about 32 the Dow just off 200 points now we'll zoom in on a 15-minute chart for some closer action on the Dow basically from the lows at about 4am we're trending higher 34,861 we jump over to the strongest of the indices nasdaq 100 down you're talking about just two tenths percent 16,354 and the S&Ps negative by 24 I'm going to jump over to Disney so Disney continuing to trade lower on the fears of this new variant so Disney does have some exposure of course overseas where you're talking about movie theaters in Europe you're talking about parks as well you're talking about exposure to parks in the U.S. movie theaters in the U.S. quite a pullback folks from 146 we do have Disney in my newsletter we were trading at 155 last week so even that you're talking about losing 9 bucks on that equity in that period now I'm going to take a look first at the three-year weekly okay we are now below the 618 the run that we had from last November really remarkable that this thing has pulled back very far I don't need to tell you all that you go back to the highs that we had in 2019 okay we're now below prices that you traded at in terms of where we were in 2019 in Disney which is remarkable when you think about yes it's been a max pain situation for Disney in the parks and the movie theaters but the acceleration they've seen in Disney plus over that time pushing 118 million subscribers I know I've created this case before but I am actually looking at probably adding to my position in Disney folks if you don't have a position in Disney and you're willing to look to the long term potentially for a year maybe even a couple years or longer we don't know how this market behaves right now because it's definitely longer than you would have imagined but to get on the complete other side of this virus where it's not dominating the news cycle like it has I imagine we're getting closer and closer to that point folks regardless of today's fears now you put Disney on a 10-year weekly okay I mean quite the run this thing had you're going back to 2012 at 35 bucks you run up to a high of 120 about that's pushing 2015 I bring it up folks because you're talking about coming back to levels that number one the next point is going to be 142 37 okay that is the run that Disney had in April of 2019 I bring that up in particular let's zoom in on the action because this is when Disney started to announce the details of the Disney plus streaming service pretty sure let me walk through that yes it is so that is where the market really starts to pick up acceleration and you're now going back to a point where they've overachieved so dramatically but 142 is going to be a point there because that is the first high that you got as everybody found out that Disney was going to undercar prices on Netflix etc we're going to back this out again now what's remarkable is I mean you're talking about if you get back to a price of 120 folks you're back six years in the price of Disney that would be quite a pullback that you're going to be going through a level of buying and selling there that is pretty remarkable when you talk about six years and you talk about the brands that Disney has incorporated and this happened you know from 2012 as well but you're approaching an area in terms of 120 that you could see some serious support because that was an area of resistance going from basically July of 2015 all the way to April of 2019 you think about the level of action that you talk about that long of a time frame and I can't believe we're there and I'm not sure we'll make it there okay but you could definitely start dabbling here when you're talking about down what is it 57 bucks now you're down about 25% from the highs we had earlier this year and folks it's going to happen Disney's going to be putting out a billion dollar box office hits in the movie theaters again don't think that's not happening I live in Florida I live less than an hour away from Disney probably got two small kids and we haven't gone yet because of the risks that are still present in big areas like that maybe we will soon excuse me got something stuck in my throat excuse me but the point being that matters and it's mattering to Disney's charts and they're spending a lot of money on content right now but eventually that stock will trade higher folks you saw the run that it had when the market thought that everything was going to go back to Rosie pictures from November of the vaccines we went from 120 to 200 and you're seeing a large portion of that play out right now where vaccines dominating the news cycle Disney trading lower on the potential for lockdowns restrictions etc California you saw it happen during the pandemic not sure it would happen again but it's definitely possible maybe some of that being facted in they have action in Europe of course when they're releasing their movies across Europe across the whole globe but I just want to bring it up because it's quite an underperformance to the market this year goes without saying but when you start getting back into levels that you're talking about levels for the better part of August of 2015 a six year retracement a six year plus retracement we're almost in 2022 folks and you think about the way Disney has transformed that business dramatically to be a streaming giant in the better part of basically just two years I imagine we're talking about a company right now valued about 266 billion dollars right now at the price you know with inflation going through the roof folks do you really see Disney coming down to be a company valued at 200 billion 190 billion that's important in the context of inflation in a company like that approaching a 200 billion dollar valuation which I just see being undervalued when you put everything else in play but the market's never wrong and the market is saying right now that this company is worth 266 billion dollars it's saying that it's worth 25% less than they thought it was worth in March and that's what matters most so make sure that you're willing to take on that risk because Disney has been paying the price recently for sure okay jumping around to what else we have going on let's jump down to some of the stocks are moving today we talked about we're general on dollar tree the run they've had probably a little too much recently that's what Goldman Sachs is saying as they downgrade them basically saying the stock's too expensive at the current levels as their comeback story which is occurring is already priced in and yeah this is quite a story folks dollar tree so what are you down you're down about 2.6% today now that's a 10 year weekly there's a 10 year weekly for you look at the run this thing has had just over the period of two months from 85 bucks up to 137 you were just at 149 you put it on a daily for a little bit more context you jump from 84 to almost 100 and the run continues to 137 now they just jacked their prices up 25% seems like the market knew that was probably coming it comes the stock trades to 149 and it's a usual case of buy the rumor sell the news you could have bought the fact that they were going to be raising those prices but the moment they actually raise them the market says thanks for doing what we have expected and the valuation is already built into this equity of dollar tree right now giving back some of those gains but still pretty remarkable when you can raise prices 25% across the board and you're probably dealing with some of the more price conscious shoppers that exist when you're literally shopping at a store where the price is in the name of the store which is the dollar you are obviously price conscious you're probably much more conscious of every dollar spent because of budgeting needs just because of the availability and they were jacking up prices 25% and the market saying yeah a dollar 25 still is pretty meaningless in the grand scheme of inflationary tendencies and not hurting how much they're selling in dollar tree just trading higher in a big way pay attention to that one folks and let's jump over to Tesla we haven't taken a look at yet Tesla up 1.6% at 1155 alright folks stay tuned we got one more segment we'll be coming back for 3 minutes to finish up the show S&P's negative by 35 we'll be right back the filling 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 heirs live financial content streamed live on TFNN.com and TFNN's YouTube channel with Tiger TV live every 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 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Tiger first mortgage program may be just the program for you the Tiger first mortgage program pays 7% per year paid monthly for more information you can call 877-518-9190 that's 877-518-9190 this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com Welcome back folks I got the 10 year up right now you're talking about trading up 26 ticks folks you're talking about almost a full point the 10 year is up right now trading at 13103 we had a 128 handle on the 10 year is recently as last week as I was talking to our man Kevin Hinks at 9 15 a.m. this morning talking about the move in yields we're now at 1.429 1.43% the yield on the 10 year quite a move as he was saying man would we see a 1.43 before we see a 1.47 now the thing I bring up we are within a channel line and yes you accelerated lower but man we break back within that channel line in a big way it would be remarkable if you make it to the top portion of that you're talking about almost a 133 in the 10 year so be a full two points additional we trade higher but you better believe it's possible when you get this type of move folks I mean who would have thought that was possible back in April right when you had yields maybe on their way to 1.6 1.7 everyone's talking about would we see 2% and just like that you had quite the pullback into August in terms of pullback in yields doesn't mean you can't see it again I mean we traded from a price point folks if you recall in April with a 130 handle all the way up to where we were in August where you pushed a 135 look at that move all right so don't think you can't see it as you see some rising yields because man that is quite a pop we just got in terms of decreasing yields I should say rising price in the 10 year right now as we're up almost a full point at 130 102 and as they're talking about and that's our man Kevin Hinks was talking about of course some of those yield sensitive stocks being hit the most JP Morgan they'll be talking about down 1.2 percent they're talking about Verizon as well strong company I have some Verizon my mom has some Verizon she worked for them for disclosure strong company though especially when you talk about dividends up 1.4% down 1.4% Bank of America right now down 1.5% you pull up Wells Fargo Wells Fargo down almost 2% today on that news they'll be talking about JP Morgan on the program at fast market at noon now you look at JP Morgan we put it on a three-year weekly you're talking about JP Morgan is back to basically almost where we were in March and not even basically we were trading at a 161 price point you back it up even further okay you're talking about JP Morgan was almost at 140 back in January we're trading at 160 and that's after going from 76 to 172 and that was January of 2020 folks thanks so much for tuning in starting your day stay tuned Basil's live up next Larry 11 fast market at 12 Steve wrote a white Tom O'Brien's live at 3 my dad have a great Tuesday everybody