 Following is a presentation of TFNN the morning market kickoff with your host Tommy O'Brien good Wednesday morning everybody I'm Tommy O'Brien company live from TFNN just after 9 a.m. Eastern time it's the video earnings the main event as we await that after the bell this morning we're slightly in the red negative by 11 and the S&P's down by about two tenths percent that's a one-minute chart let's put it back to a 15 minute for some context here last Friday we hit about 5,060 we're about 80 points below that price level you bounce right at the lows of interday yesterday pre-market we hit a low of about 4975 you see the lows yesterday about middle of the day in the market we're trading right now at 4980 as I mentioned down 11 points that's about two tenths percent in the S&P Nasdaq 100 we're negative by 93 that's about half a percent 17,513 not quite back at the lows of yesterday but boy we had some accelerations to lower price within the Nasdaq we'll jump over to that at one point in terms of some of those moves and a video one of them the Dow right now negative by 70 points 38,572 you get the Russell negative by eight points right now trading just above 2,000 crude backing off a bit we were at $78 and change yesterday we just got below 7650 briefly we're trading at 7685 crude down about 20 pennies right now you jump to gold gold's been trading higher gold up a dollar this morning on the session at 2041 we'll call it silver not so much right we're talking about silver man gold yet it's only a dollar okay but look at that chart of gold gold right back pushing the highs of Tuesday before you sold off you take a look at silver and look at the difference in silver in terms of where you got just different action right there's your Tuesday action you got well above and on Friday now we've backed off a bit to silver trading at 2311 nonetheless you jump over to notes and bonds to leave that and we're trading up by three points right now three ticks I should say in the tenure at 110 1 we got a 10-year yield of 4.26% we got Fed Minutes today as well Fed Minutes this afternoon from the market we'll see what they have to say if the market reacts but it's interesting that no matter what happens we got elevated premium man we got a VIX sitting at 16 plus look at this thing how a ratchet's up right ratchet's up we're at 14 on Friday Monday with the holiday Tuesday when we come back to trading and we're actually at a higher point 16 I mean you take a look at this thing on a daily that's a four-hour take a look at this thing on a daily we haven't been to this price level you're going all the way back to the beginning of November man right we're above any other high we've had you see that spike high February 13th is that the CPI CPI last Tuesday I believe where you got a little bit of exacerbated sell-off up to 18 the market clawed it back in the next couple days and we've sold off a bit since then but nonetheless the VIX sitting above 16 pay attention to that one as we come into an important event we got Fed Minutes as I mentioned we got NVIDIA earnings other companies well with their numbers as well you jump over the dollar index yeah quite a little pullback from that spike high we hit the 618 and since then we've rolled over a bit the dollar right now back to a five-minute chart you trading lower off of that spike high we got at about four in the morning eastern time you were above 104 well you still above 104 you were above 104 20 and right now we're negative by about six pennies at 104 0 2 in the dollar index and let's jump over to the main event of today could decide the entire market and quite a precursor you come into things down $62 from where you were trading at on Friday's open now you jump over to the analyze tab folks thinkers from platform we'll talk to our man Kevin Hinks after the first break it's great to know the type of volatility options are pricing in even if you're not an option straighter right today's a great example of that you jump over the NVIDIA option chain okay if you want to see what's priced into this equity for the move just on the earnings tonight now these are going to need to reset okay these are priced as of the close of yesterday you have volatility premium that's built into that from last night's close till this morning's open so those numbers will change as of the open let alone you have NVIDIA trading down another $12 on that open okay but nonetheless this move up here is the expected move over the event you're looking at about $67 but no matter what if you want exposure through Friday you're looking at about $72 a movement now what's interesting is right you want exposure through this Friday the implied move is $72 in either direction you want extra week you go out to March 1st $86 the reason why it's so big is because you got earnings tonight right so $72 is what they were pricing in as of the close of yesterday in either direction shouldn't be too surprising when all it takes is a little bit of selling to get a $40 move on the open man that was just remarkable in terms of the acceleration you want to talk about a main event in terms of volatility you know November 1st we're trading at 400 you just sold off from about 750 so keep that in context man the A to B C to D would have pushed about 800 on this you had a simple round number acceleration your eight point was it around a hundred your B point was it around 500 you didn't quite get the pullback more than a two three six but nonetheless your C point potentially 400 and that would have carried you all the way to 800 you made it to 746 maybe this earnings is that final acceleration we will find out after the bell tonight on the video you jump around to some of the other AI stocks Microsoft shares quite a sell off from the highs they've had as well let's put it on 30 minutes to get those eyes yeah from 421 down to 400 just like that you give back almost 5% see the volatility on these equities right we're trading at 400 your dad about $2 markets negative this morning NASDAQ 100 down about 97 to kick things off a little bit of anxiety coming into Nvidia earnings Microsoft turning a bit lower yet Amazon trading lower yesterday as well they clawed back some of that as Amazon up to about 169 so far this morning you jump over the Google shares Google basically flat Apple used to call them the big dog not so much anymore jump around where we are Apple shares you're talking about a market cap currently sitting at 2.8 trillion you jump over to Microsoft shares we still above 3 not quite 2.972 they give up the 3 trillion mark the most remarkable part about about all this is NVIDIA and where they fall man NVIDIA 1.686 trillion dollars which has them competing with the likes of Amazon which is now at 1.75 Google is right up there at 1.75 I believe something like that 1.76 NVIDIA dropping a bit after that saw off yesterday but right on par some of the biggest companies out there Google Amazon you think about how much Google has been spending on AI right think about that how much money they've been putting into their AI developments what about putting some money into those chips man it just seems remarkable that you put that much money billions and billions of dollars Google is putting into AI I get it but then all of a sudden what happens well if you wanted some appreciation in your market capitalization which is built off profits that's basically what these companies are doing right boy you talk about maybe that some of that spending should have gotten put and yeah they're not chip makers okay I get it but boy they're valued at 1.7 trillion dollars right now and just taking a look at where this thing has been from let alone 2022 when you're at 100 okay let alone you back things up a little bit further than that Google's implying money to AI from a considerable period of time all right and let's jump over to some of what the market will be looking for when it comes town to NVIDIA here's some of the numbers they're going to be looking for all right shares are up 40 percent this year revenue 20.4 billion this is a rundown of some of the high-level numbers to watch for today according to analysts 20.4 billion okay the company in November got an investor's towards 20 billion plus or minus 2% okay 20.4 billion is the market number that they'll be looking for they might be looking for more than that the way that stock is be a net income 10.8 billion dollars how's that for margins you're you got the 20 billion dollar business every 90 days and you're pocketing more than 10 billion earnings Elon will like that number four dollars and 20 cents per share based on GAAP stay tuned folks we got a lot to talk about this morning we'll be right back with our man Kevin Hicks 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 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right here on tiger tv from the Schwab network fast market with your host kevin hanks tom white uh and boy we might see a fast market this afternoon on those navidia earnings we will find out kevin hanks good morning good morning tfnn yeah it's invidia day just make it a national holiday because there is one name sucking all the oxygen out of this market right now tommy and that's invidia so after the bell today even though we're getting fed minutes even though we have some other news no one cares tommy it's going to be all about invidia and their earning and their ability to guide and and tell us what their expectations are for the future is competition anywhere is there any deceleration in growth uh there's a lot for them to talk about but i mean we talk a lot on fast market about high bars and low bars i can't even this bar it's so high tommy uh boy the chart says it all in terms of you know just the run it's had we all know it's amazing i got it up here on the thinkorswim platform kevin even just on a five minute basis uh does yesterday spooky at all in terms of the sell-off that we saw you know right out of the gate boy the moves in this equity have been fantastic on on both sides sometimes mostly to the upside until the last couple days almost over the last few but did you read anything yesterday i mean quite a drop off yesterday can't fault anybody if they do a little bit of selling ahead of that number with the run that it's had um does that tilt the scales in either direction or just kind of volatility as we come into this important number no it means nothing actually tommy all it does it means how far this stock is run there's profit acres out there there's some people uh lightning their load before ahead of this massive event so no doesn't doesn't you know interesting the one thing i is correlations and uh relationships and during the streaming right look at the high on netflix right around 700 so it look it it wouldn't shock me a bit if people lightened up some of their load when it got up you know it got up as high as 746 so uh no not not surprising in the least bit tommy because look let's face it netflix is the clear winner in streaming and the stock just made it back over 500 lately from a low of 175 uh it might be the greatest tip stock ever and the stock might be worth 400 dollars we just don't know how this will play out over time we don't know about competition we don't know about demand being pulled forward we don't know about winners and losers at AI there's so many questions that haven't played out is the sacrilege of course it is you make some great points man i was jumping through netflix of course as you were talking about that remarkable you got to put it on a you got to go back more than a year man which is just wild time yeah when is that the end of 2021 that high as time is just amazing man 700 dollars and 99 pennies um on that thinkorswim platform and navidia i can't even see that pullback basically you put this thing on a weekly it's been a straight shot it looks like almost from 100 to 700 which is remarkable i was looking at some of the numbers they're looking for uh revenue of over 20 billion profits of over 10 billion i said to myself somebody's got to be coming for them right that's quite a margin business doing 20 billion uh and taking in 10 billion to the bottom line but boy they got quite a head start it looks like on everybody and we find out after the bell uh we get some fed minutes as you mentioned but boy navidia is going to be the main event what are you guys talking about on on fast market coming up at 12 o'clock today kevin well here's what we're going to do something we don't do very often or ever actually we're going to do two segments on invidia so we're going to cover the bearish case with the bearish trade now we're going to cover the bullish case with a bullish trade and then to wrap up we'll cover maybe the only company that's out there really competing and that's amd so we'll do two segments two trades on invidia and an amd trade today tommy i like it man i can't wait to see what happens and boy you talk about volatility uh do you i mean this could reverberate around the whole industry obviously right because if the chips aren't flying maybe everybody's not flying is this is this something where we should expect you know if you're especially in that heavy you know tech nasdaq 100 something like that that you're just going to see everything rip in either direction if this thing moves or you see in some isolation in navidia probably a pretty wide array of movement depending on how navidia goes or how do you look at that after the bell where there there's a new developing ai sector that will all move on invidia since it's the lead dog in that pack so yeah i expect that sector to move i expect the magnificent sector to move but in different levels of strength and you know in correlation so yeah but it will a market move yes it will of course i can't wait to see it man i can't wait to the pro watch the program at 12 o'clock as usual kevin and uh we'll know a lot more tomorrow when i talk to you at eight uh at nine in the morning than we do today look forward to the program at 12 kevin always appreciate the time on a busy morning man and we'll talk to you tomorrow thanks for having me on tommy always a pleasure folks you heard it two segments it is i thought it was going to say three segments i thought he was going to say we're doing all three because uh you could do all three on the run that this has had breaking it down looking the technicals but yeah and check out amd right pretty comparable chart man this thing from 60 bucks to 184.92 you've backed off a bit you're negative with navidia this morning you're trading at about 163 one from 165.69 as of the close of yesterday but all these equities right you put them on a weekly i mean you're just chopping around at basically all-time highs that we've been shopping around after the last what four to six weeks you pull up in the video shares on a weekly you just i mean you're just trading at you know last week's low you're trading at last week's low folks and this thing has been trading like a moon for what you got to go back 16 months we've been on a one-way trip yeah 16 months this is a weekly bar we're going back to october of 2022 it is february of 2024 we did shop around for a period from about may until that second acceleration began in october all right that was your little consolidation your b2c pullback and then you take off but yeah i like kevin's answer means nothing nothing some selling i would agree right we'll see what happens man as you got some selling right out of the gate and i can't fault it you know you lighten up a little bit whatever your risk tolerance may be because yeah we've seen you know if you learned anything during you know the covid volatility or something like that man don't ever think you know more than the market right i mean who would have ever thought that netflix at 701 could have been trading at 162 by may when you were above 700 november no way do you know what kind of odds you would have needed to place a wager that netflix would breach $200 by the april bar when you were pushing 700 in november don't think things can't happen that you that that look like they can't okay and you saw it over and over right some of the greatest companies out there and the run amazon has right from 180 and change you chopped around there for more than a year you were pushing 180 on amazon and boom just like that over 12 months you traded down to 80 bucks a share great companies okay outstanding companies and yes you've rebounded tremendously over that time eventually all great stocks trade lower folks because you can only overperform a bar for so long that gets raised consistently okay now everybody's cherry picking the run it had from 100 to 700 but what i will say is i remember having a little bit of regret that i didn't take some short positions when we came into the high in the video in particular okay because they started talking about that the future earnings per share which just were bonkers well guess what that was a 325 worth 700 you got it all back stay tuned folks come back for the opening bell you're right back are you ready to take charge of your financial future tfnn is your gateway to the world of trading and investing whether you're starting out or scaling up tfnn empowers traders and investors of all skill levels with top-notch investing systems strategies and techniques it's time to protect and grow your money with insight you can trust join us live Monday through Friday during market hours for exclusive content that moves with the markets at tfnn we bring the trading floor to you our season hosts are here to answer your calls and questions live on the air check out the tiger's den for just one dollar and follow us on youtube and become part of our vibrant community and remember at tfnn 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and you got the russell off by 10 jumping back to some of the equities that will be in focus we kick it off to navidia off by 2.3 to kick things off microsoft off by eight tenths kevin mentioned amd they're off by 1.8 continuing kind of the give back that you saw yesterday look at amd on the sell-off right it's across the board man everybody's kind of taking that money before the volatility comes in after the opening bell tonight now you jump to some of the different news we had out there where was i we had a couple to pull up here yeah we're going to take a look at palo Alto in a second okay i'll jump back i had amazon so amazon's joining the dow and what's interesting is where i just had to forget me folks there we go so amazon's going to replace walgreens in the dow next week and what's interesting is okay walmart stock split push the company behind the dow Jones industrial average to add amazon and take out walgreens boots alliance you got to be in the right price range to get into the dow which is so interesting here because it's a price weighted index right they can't put chipotle mexican grill in there otherwise all that would matter the dow would be chipotle because it's a three thousand dollar stock amazon right now what are you trading one sixty seven or something like that where were we am z and one sixty nine forty seven they catch a bid on the open you're up by one point five percent in a negative market but don't be swayed when you get into the dow okay be swayed when you get into the s and p especially if you have a huge market cap where they have to represent you at the end of 2019 i'm just cherry pick and i've heard these numbers before okay this one i just looked up so 2019 but it's going to give you a good idea 11.2 trillion think about it this is 2019 one of these numbers right now nonetheless this is going to be the comparison 11.2 trillion dollars benchmark to the s and p 500 okay and that includes about almost five trillion passively tracking the index okay in comparison 32 billion benchmark to the dow with 28 billion in passive assets while folks you know that 28 billion we'll do 30 we'll do 30 billion for simple math right 30 billion is three percent of a trillion it's 0.3 percent of 10 trillion so it's literally like two tenths of one percent of the impact of the s and p 500 and it should be thank goodness that we don't have people benchmarking against the dow versus the s and p 500 when it comes to diversification but nonetheless they're in the dow Jones industrial they're an industrial average yeah Walmart had a 341 stock split and yeah that was going to be a big problem excuse me um yeah they had to get that expensive stock out of there so you got amazon up you got walmer Walgreens boots a little bit lower but pretty remarkable it's getting this type of a shift okay there is no benchmarking to the dow rightfully so Walgreens boots off by 3.5 maybe it's a stature thing whatever it is you're at 2240 actually surprised to see that remember those numbers i just told you so maybe a little bit of a reverberation market getting a little bit of a head of itself it doesn't really matter if you're in the dow it probably does just for the reason that you're in the dow there's only 30 stocks in the dow right the dow's with the local news reports but nonetheless those equities are reacting this morning let's see how nvidia they claw some of those losses back by 1.4 percent you got to keep your your eye on just some of these equities how they're going to behave ahead of this with the run they've had microsoft gives back 1.1 percent right now Google shares a different story you're basically flat and then how about palo alto networks let's talk about this one is it pan w yes it sure is yeah it's not stopping man 26% who you talk about it man look at this run okay now they're not making chips okay they're in cyber security and they got a problem to put it lightly can you hear me you don't hear me what's going on noel you should be getting me pal yes okay all right i wasn't sure okay uh i think everyone's hearing me i'm not sure palo alto networks quite a drop off this is your weekly off by 25.5 percent on their numbers we'll go over it man look at this right 20 2022 you're trading at 213 bucks you're back to 271 from 380 i went off for a minute okay i'm not sure what happened there uh palo alto off by 25.5 percent and checking out their numbers it's all about guidance they actually beat on the top and bottom line this is what is remarkable and this is what this is what people who are not are not in the market would would be exacerbated to find out is that you know you beat you beat on the top and the bottom line but man they got it and they didn't guide to like some insane fashion but boy when you slow on growth and you're a growth company and the multiple start shrinking yes that was a big problem that was just chat gpt that i was using no spin that was just chat gpt gpt 4 which i'm sure that you can use it in other ones too it was the image creator plugin i think which is just the wally generator to some degree yeah so check that out uh so palo alto right they make a buck 46 versus a dollar 30 revenue 1.98 versus 1.97 net income 1.7 billion dollars for the 90 days or 4 or 89 a share okay now here's the problem though they guided full year total billing 10.1 to 10.2 compared to its previous of 10.7 to 10.8 on the earning side full year 795 versus 8 billion dollars compared to maybe 8.15 to 8.2 so what they do they shaved off about 600 million in revenue and they shaved off about 200 million going to the bottom line okay lower guidance due to a shift in strategy wanting to accelerate growth our platform migration and consolidation in activating ai leadership adding the company expected a difficult customer as the company shifted stance okay i mean that sounds like trying to throw ai into a spin session as to why you're missing on your forward guidance right i mean i don't even know what that means i mean i can get it okay but you threw in ai activating ai leadership accelerating growth well if you're accelerating growth a shift in strategy wanting to accelerate growth and so that's the reason why you're gonna miss on revenue in the future and miss on earnings in the future i don't know right new billings guidance represents full year growth 10 to 11 versus 16 to 17 so there's the big one right if you're pricing in full year growth of 17 percent and then you got to recalibrate to 11 watch out yeah earnings 15 to 16 percent versus 18.18 to 19 that's where things get bonkers okay in terms of the moves you can have and remember that when we talked about the nvidia numbers okay nvidia is looking for 20 billion dollars 20.2 or something like that right what do we say and they're looking for almost 10 billion to the bottom line if you see deceleration of growth which would result in deceleration of earnings it's going to be a massive problem you know i don't necessarily think that's going to happen i think this equity probably in the long run is going to make a lot of money and probably be fine but who's to say you don't get a year consolidation a two-year consolidation something like that somebody's going to be coming for their business man when they're making chips taking 20 billion dollars and 10 of its going right to the bottom line amd what are those equities but yeah they're not going to have that monopoly forever man at those types of margins so stay tuned folks we're coming back we're going to be talking to our man teddy keg stat we'll talk some forex we'll talk some commodities don't go away folks we'll be back with teddy are you ready to take charge of your financial future tfnn is your gateway to the world of trading and investing whether you're starting out or scaling up tfnn empowers traders and investors of all skill levels with top-notch investing systems strategies and techniques it's time to protect and grow your will the s and p 500 continue to climb for bold trades on us large cap stocks in either direction trade spx l sp u u or sp x s directions daily s and p 500 bull and bear leveraged etfs direction leveraged etfs an investor should carefully consider a fund's investment objective risks charges and expenses before investing a fund's prospectus and summary prospectus contain this and other information about direction shares to obtain a fund's prospectus and summary prospectus call 8664767523 or visit directioninvestments.com a fund's 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 for side fund services llc this program is brought to you by vista gold traded on the nysc american and tsx under the symbol vgz folks we got the dollar index right now just above 104 we're trading at 10406 you jump over the s and p is pretty much where we kick things off right you're trading down right now 14 points are about three tenths percent trading at 49 77 we jump around to some of the equities that are trading right now you look at the video down by 1.3 percent and you jump back to the vixx right now trading at 1588 to talk about some of the market action folks let's jump over to our man teddy kegs at folks you can check out teddy's outstanding newsletter the tiger 4x report he puts out new issues every monday morning with the market he's got updates throughout the week when warranted you can subscribe right here under the newsletters tab folks it's $97 it comes with a 30 a 30 day money back guarantee and with the way this market is moving the way currencies are so important boy looking forward to this conversation as always teddy kegs that good morning good morning tommy boy so we get some fed minutes today teddy we've had a little bit of volatility but the last week not as volatile as we've seen sometimes but of course you got navidia the main event after the bell today but where do you want to kick things off i think well in 20 minutes you got the consumer confidence number for the e you that's something i think that you have to kind of watch out for obviously the euro is one of the biggest components of the dollar index so if consumer confidence comes out unexpectedly different i think you could see a little shake up because the currencies have been kind of flat the past couple of days like as a whole it's kind of a dull week you know i mean if you're trading intraday like most of the moves that you if you didn't catch them in the early morning they fizzled out before anything else you know anything you know really manifests to the rest of the day you know so i wouldn't hit my expectations i think you got to keep kind of small you know probably until uh thursday and friday especially because we'll see what the consumer confidence number comes out for uh e you if that shakes up the euro it should get the dollar to even move a little bit and if that does happen maybe it starts to get yields to move but as a whole you haven't seen much action with yields you haven't seen much with the um with the dollar or even most of the currency crosses i mean you see you're seeing small trends but as a whole the volatility is very tight so i would watch out for that and then we have unemployment claims you know on uh tomorrow morning also that's a number we need to watch you know because right now we see the inflation is ticking back with numbers so if we see unemployment claims going down and not up that's another thing that pushes pushes dovishness away from us and then we also have um what is it existing home sales on friday i believe also so that's another number you have to watch out for because we know what the the last number did with the building permits last week so we can see possibly see a shake up in yields after that number so today at nine o'clock central standard time ten a.m your time and then also watch out for tomorrow around uh seven thirty and then also friday at seven around nine o'clock as well that was a good pretty quick wrap-up man going jumping around and it is interesting in terms of because i you know i'm always getting ready looking forward to talking on wednesdays at forty past the hour and we've been spoiled with the types of moves we've been getting because over since the last time i talked to you i was like oh this isn't like it usually is where we got rip roaring rallies in one way or the other kind of digesting some of that maybe um for the last week or so you know you always put some great price levels in your newsletter in terms of just areas you're looking at and for the dollar right now we're just above 104 as i mentioned we do get fed minutes is that something that you follow that you look for potential volatility on a day like today especially for the current season not really not really okay no see you know what i mean honestly what do you think they're going to come out and shockingly say i'm like oh we're going to start getting dovish in may you know after the numbers that we've had that if anything they're not going to say anything you know they're just going to keep things those things the way they are status quo would be like yeah we'd like to tell you that we're going to cut start cutting rates but we still have inflation signs that we have to be on you know now indicators are lagging now it's kind of funny you know those that get the tiger forks report you noticed that like the yen is hovering on the 150 level and the with the boj that's been a number we've constantly talked about it's just hanging there then you have like the british pound it's hanging on a directional pivot level that's a monthly level that we've been working off of for months and it's now it's just like hanging on it you know so the fact that these big monthly pivot levels that we're just gravitated to we're kind of seeing the the median average now for the markets like they stabilize to that medium so the question is is now when is the rubber band going to shoot up or down to start a new trend you know and i think right now until we see some economic indicators that are totally not inflationary and in a big way i mean it's tough we have the stock market on its highs um you want to you want to fuel it more by cutting interest rates you know you how you're trying i mean if you want to keep us out of a recession and have the supposed soft landing or whatever you're just creating a bubble you know so i think that right now the Fed's going to be pretty quiet you know the expectations of cut you know cutting rates i don't care what side of the fence you're on you're going to probably be lucky to see a cut in earliest june you know especially if over the next couple of weeks you know once what happens if in march we see a much lower unemployment number and then we see a higher cpi and ppi number next month do you think they're going to be cutting rates in may no it's not happening yeah it's not going to happen you know but we are in this kind of sideways period so i mean i had to tell you if you're a swing trader be very careful wait for your signals right now you have to really be disciplined in your trading you know don't let the market come to you don't force a trade because if you are you're over trading and you're going to lose money that's period that's gonna that's a great point to think about on a constant basis man having that patience because we all want to make that trade man find that trade sure um and and yeah sometimes the the best trade is no trade for sure right this is coming from a floor guy believe me i'll sell anything i don't care it's right you know so believe me discipline keeping your hands down in your mouth shut is something it's a hard thing to do but that's how you make money you know you have to be especially now if you're going to fight the machines and you know it's it's a great way i was reading one analyst uh at some point i think it was around the last fed meeting or maybe the cpi numbers they were talking about it was just one take but it resonated with me and there they i forget who had mentioned it it was just some analysts on wall street but they're saying basically with all this data you know the only case really here for cutting is people who are basically stuck in some recency bias that we deserve to be at zero because otherwise why would you ever be cutting when the market's basically on fire you still have inflation the only reason is because we kind of think that that's how we need to go that somehow we're like we went up and now we have to go right back down and maybe that's just not the case if we weren't so low for so long sure maybe many participants wouldn't have this idea that we have to go right back down just as quick because the data system i saw was great point in terms of how much we're all impacted by how low they were for so long but if you actually look like you were talking about that's why i appreciated those points because if they lines up it does let's talk a little bit of crude if we could so we back off um kind of that 78 dollar area as i mentioned it though we're up a little bit yeah uh 77 and change but we've kind of you know we've been talking about this area now we've bumped up here a couple times we're backing off we're right at that kind of 77 78 dollar price point what are you looking for that crude market you know right now i i think you're going to keep on pressuring resistance right now i think that if you can get above this 78 dollar and close above that then we're going to head up into that like 81 to 83 dollar range um it's right now you're making higher move highs and higher move lows i mean grand of the past week has been relatively sideways but still until you make a lower move low after a higher move high it's hard to be neutral let alone bearish you know you need a signal you know until you until you have a confirmation well your it's the direction is going to be edging towards you know the ceiling versus the floor you know so i mean all i know is gas prices around chicago land are you know 75 cents to a dollar higher than they were just a month and a half ago but then yeah it was also there was also the problem with the refinery in indiana the big uh you know accident that happened so but still you know oh i've seen the slide here for sure as in higher prices for sure you notice it now because it's been so remarkably low i think for so long when we're flirting with a two dollar handle on the price of gas you can't help but when you know you see a rise in a 350 or whatever it is just like that and that's inflationary too you know that's something that that has to be watching that you know we're coming into the summertime switch for when they refinery switch the grade of you know gas to begin with which brings prices up you know so you're looking at inflationary pressures no matter what on the average person for the next three to four months and this is coming into an it's an election year too so we'll see it could be a lot we will see we will see teddy i appreciate the time as always man folks check out the tiger forex report and don't forget today's got a couple outstanding webinars you go to the services tab we're always talking charts we're talking candlesticks he's got his candlestick pattern stock and option strategies out there and he's got his capitalizing on time with calendar stock option spreads teddy thanks so much as always man look forward to talking next week have a great one take care time take care a 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 o'brien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xAU 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 o'brien'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 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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 then hit watch tiger tv that's tfnn.com then hit watch tiger tv folks we got markets right now in negative territory slightly lower than where we were at the opening at the s&p's off by about 16 right now trading at 49 75 you see kind of bumping up where we were at about 8 30 you did rise into the open a bit you're only talking about five points in the s&p's jump over to the naztac we're negative by about eight tenths percent 140 points in the red checking in on the dow he's slide slightly lower off 140 points we check in on the video head of their main event down by 2.1 percent right now giving back some of the game that they've had but boy as i mentioned you put this thing on a longer term chart you can almost barely see that pullback jump over to amazon there in the dow they catch a little bit of a lift up by 1.4 percent we check in on palo Alto networks yeah i'd stay away from that one today man when you got growth companies right that see their growth go from 16 percent to 10 percent you start multiplying that out in future years man in terms of how that is priced into the price of that equity and uh yeah you see a 26 cut overnight you jump over the analyze tab excuse me this company you're talking about a company still valued at 85 billion dollars but pretty remarkable you can have companies that large lose 26 percent of their market cap overnight i mean you got people in this equity in margin man who you're in margin you better watch out in terms of what you could possibly lose there that is quite a reaction to put it lightly and folks don't forget you know i mentioned we're always i always look forward to talking to teddy he does have a couple great webinars up here and under the services tab right we get the tigers dan we always got tiger dollars available over there as well but don't forget we get a lot of great webinars over there i always talk about teddies when i talk to him okay capitalizing on time with calendar stock option spreads with teddy japanese candlestick patterns stocking options strategies with our man teddy teddy's written a book on candlestick patterns folks okay both of those webinars only 97 bucks you get them the archive you can check it out as many times as you want a man tim ward he's on with my dad tuesdays and thursdays as listened to his program uh was it yesterday was it last night it was it was last night um yeah he was sounding a little bullish man they were talking about potentially a run till august six secret ratios every trader should know the secret science and market tops with tim ward 149 you want to check out my dad's timing the trade webinar folks all day webinar you get the book included 295 check out those webinars under the services tab as well folks thanks so much for kicking on off stay tuned for our man basal Chapman we'll see how those nvidia earnings panned out after the bell