 The following is a presentation of TFNN with your host, David White, call now toll free at 1-877-927-6648 internationally at 727-445-1044. Now, David White. Hey, and welcome all to another exciting edition of the Power Trading Hour. With me, you're humble, lovable, squeezibly soft host. As always, I'd like to come to you this time. The following takes place between 2 p.m. and 3 p.m. Well, as we left the show yesterday, we told you about the options rollover. That generally is a pattern where if you have the Monday after options expiration down, then Tuesday's up. If Monday's up, then Tuesday's down. And then you get into Wednesday, where you actually start seeing the true nature of the market start to roll out. My guess is that we'll probably pull back a little bit off the levels that we have today on very light volume. And of course, the old chestnut, don't be short a quiet market. If you're short something that's got a lot of short interest in it, do not be surprised. To see if it holds up or even goes higher and you can have some pretty wicked short squeezes into the end of the day. At the top of the hour, Tommy O'Brien talked about Tesla and the supposed buyout that everybody's talking about. Just because someone had talks at something doesn't mean a whole lot. And again, one of the reasons why that most of these things tend to be rather dubious at best is the motives of the people that are talking about buying. Because most of the time they'll go, yeah, yeah, we're really interested. Man, it looks like you're making lots of money. We'd like to buy you. We need to kind of a quick quick peek at your books. And then suddenly they're not very interested in buying anymore. And that's generally what happens if you get a chance to look under the cover of a lot of these big corporations is just how cooked are the books. And for the very beginning, Tesla had a lot, a lot of free money. They didn't have to make a profit because guess what? The government was going to throw all kinds of cash at them along with many other solar frauds and other green frauds. Most of those were big political kickback operations. And most of them went in a number of years, maybe two years like Selindra. There were a handful of others, probably seven or eight major frauds. But mostly because we didn't have a justice department that was much interested in looking in to its boss. Those things kind of went under the covers. Tesla kind of like the last man standing in all those solar frauds. There's a couple of solar cell companies doing stuff. Of course, Tesla to cover up the fact that it had one of its solar frauds ended up buying the company. It does almost nothing now a couple years after the buyout. There's a couple of them left, but the factory that Tesla bought in Solar City in New York City almost is totally rented out to yet another company. So the only reason it builds any solar cells there at all is because another company is making solar cells there. But yeah, as George says, all of financial history is one deceit and lie after another. Your job as a speculator is to get on when it's being perpetrated and off before it's discovered. And well, it doesn't matter how far you go down. You're going to find at least we got down to 196 on Tesla today. It's trading at 206 right now. I'm not going to be surprised if this thing gets back up to 250, 260 for a little while. There's going to be a lot of talk about sales in China. And my guess though is eventually there's going to China and manufacturing there is kind of like getting involved with the mob. Once you do, you're totally and always screwed permanently because you never can leave. I certainly wouldn't go there if I was Elon Tusk. You never know when you can leave the country. Other things going on in the market today just basically the bounce. But again, I don't put a lot of weight in yesterday's action. I don't put a lot into today's action. And the reason why is options expiration is a huge part of what the how the market makes money along with IPOs. They have a huge organic effect. They are not just things that eventually come by. There's some stuff that's always coming by. I think even though that we've got some headline numbers out there, I think some cancellation in some IPOs also helped a little bit today. We'll see what actually happens the next day or so. But it looks like a lot of people are saying maybe it's a good time to delay our IPOs. And I think that probably, I mean, we just had a lot of IPOs suck out just the very tertiary money that we had available. So we've got a few things going on. Of course, tomorrow are really the last day of full trading for this week. Thursday by noon, we should see most of the big shots on Wall Street. Adios. Scaramouche. Do you do the Fandango all the way up to the Hamptons? This is the big time to impress all your neighbors by saying you're going to the Hamptons. And of course, the biggest business going on right now. Helicopter flights up there to avoid the six hour traffic jam. That's normally what an hour, hour and a half drive. But that's about it. Yep. Oh, note in the dent about the Monday down Tuesday up thing. Again, you're not probably going to get rich and retire on that. But I think you'll learn not to short by the end of the day on Monday. Only get clobbered on Tuesday. And again, go long on Monday because the market's moving up only to get reversed on Tuesday. It's normally by that Wednesday about noon that you start seeing much. And again, on this part, it's nothing. But a lot of people are going to be pulling back a bit for online volume. For my short term newsletter, I've got a couple of positions. And those positions are based on stocks that have 15, 20 days to cover. That means that there are so many shorts in these stocks. And on the last 30 days of average volume, if the shorts wanted to get out, if there was some kind of good news, real or imagined, fake or true, it would take them 20 days just to get out on the average volume. If you can find some stocks that have bottom and move them and get them to start moving higher now, it is very hard not to see some shorts want to run for the hills. And as soon as you get a few in a stock that has that many short, then you get a stampede. Stampede, folks, that's what I'm betting on before the end of the weekend. We'll talk about this more as I return. The Taz Profile Scanner is the most revolutionary piece of trading software that you will ever try. Wouldn't you like to approach the markets with confidence? As you begin your trading day, it's likely that you'll be faced with lots of decisions. In order to make the best decision, the first thing you'll need is a strategy that will help you minimize your risks. 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Call now, toll free at 1-877-927-6648 internationally at 727-873-7618. I've got a couple of positions in the short term daily newsletter that are, well, not too bad. I mean, that's set in a world on fire. One's up about 2.2%. The other one's up about 2.8% on the day. So, but they're moving certainly in the right direction. And again, you get, it's kind of like a snowball. A lot of times starts off small and that always work, but generally when you've got so many people short and a stock doesn't go down any farther. Generally, you get the opposite direction and sometimes you can get a really big snowball by the time it comes down the end of the hill. Other than that, there's not a lot of times when you have a advantage going into a market that goes light volume like it's going to this week. And the only way I've ever been able to find consistent money is betting on those shorts covering before the end of the week if the market just kind of even just stands still. I think we might get a little bit of a pullback and I would certainly like that to buy more long positions going into next week when we come back on Tuesday. Okay, what else do we have? Test of the warrants of coming battery mental shortage. Okay. Doesn't seem like that's any time soon. If you look at the way that the lithium stocks like SQM and those things are trading, not all that good. Let's get a little history out of the way. We'll look at that chart. We'll do a few more things. And what do we have going on today? On this day in 1924, 14-year-old Bobby Franks is abducted from Chicago, Illinois and killed in what later proves to be one of the most fascinating murders in American history. The killers, Nathan Leopold and Richard Loeb were extremely wealthy and intelligent teenagers whose sole motive for killing Franks was to desire to commit the perfect crime, blood chilling. And of course, you had a very famous attorney of the time, very much like the OJ trial, when everybody knew they did it. In the case of OJ, just people thinking that they wanted to get back at the man for perceived injustices of the past. On this case, you had a famous or now pretty famous lawyer basically spending the entire trial for these young boys that killed this other even younger boy just to get them off of the death penalty because it was almost a sure thing that both of these young guys that killed this other guy. A lot of oratory got them saved the death penalty but by 1936, one had died in prison. Going on with razor blade fights. I can thank him just how great fun that is in prison. The other one got out in 1958 and spent the rest of his life because his parents were filthy rich Chicagoans living in obscurity on the beaches of Puerto Rico and died in 1972. But we all think that people only do cruel and nasty things today, mostly because we don't spend any time with our past. We think and look through rose colored glasses at the way people work and do things, but just as blood-chilling as it is today in 1924. Okay, wanted to talk about something and now I've forgotten about it. I said we'd look at a chart about it. Anybody remember what I said before the break? Eh, we'll think about it here for a while. I think I'll be able to figure it out. Got a question that in as you see it, is there sufficient shorting and put bind to provide a short squeeze fuel coming into the three week into quad witching on June 21st? It just isn't ever, unless it's massive, which I don't see now. It's just not that good this far out. Using options kind of like telling the weather. And that is that at best you probably only want to go 10 days out. And you know, there's been a couple of months, probably in the last five years that it was radically apparent that everybody was betting on the market to go higher or lower. But those are rare events for the most time. Most part option market makers are fairly level headed. They don't see a blowout in the Super Bowl every month. And you know, maybe you get something so lopsided that there's a lot of points on a football game, but they're still betting on that team to win, aren't they? You may have to give 20 points to a team, but they're still going to bet that that's going to win. And generally that's probably going to exactly what's happened. So I don't see that much happening. I just think that we had kind of a market that had a lot of froth in it. We have that froth taken off. A lot of people are beating the drums. And we're yesterday especially beating the drums of the trade deal. But the problem is, who doesn't know that it's going to be a problem now? You may have been whistling past the graveyard for the last year on this trade deal. But it's now in. No one thinks now that it's going to be settled in a minute for an hour or a day or a week or a month. But I've been saying that before. I'd said that it's probably going to take a year. But no. Would they listen to me on Wall Street? No. No, I say, I say no. I'm from the people that say no. Anyway, as we start looking at the market itself, now that we've had that off, it's not like it's going to, generally on the upside, it takes a lot of time for people to put the cash in for things that getting better. But man, do people leave like rats leaving a ship? I'm suspecting that by the end of Friday, the market will have adjusted. I also think that in the coming weeks, what we're going to see is a market that probably has a lot more movement in individual stocks than in the actual indexes itself. And I have no index positions at this time, nor am I thinking a lot of putting them in. I like positions that can far outpace the market if I am correct. Not that I am correct, but if I am correct. Anyway, we're going to the break here. Give me a call at 877-927-6648. You can email me at path at tfnn.com. You can always put a message in the den like John did from Philadelphia. I'll be glad to answer it. We'll look at some charts after this, but again, I think we've kind of seen some highs in these fang stocks and we're looking for sector rotation coming into June. We'll be back in a minute. Path of Lease Resistance is David White's daily trading newsletter, and if you're looking for active trading ideas, then now's a perfect time for a 30-day free trial to this powerful daily trading advisory service. David uses his years of trading experience to offer his subscribers his trading ideas each morning in his Path of Lease Resistance newsletter. 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It automatically provides you with Gartley and Butterfly patterns, swing points, retracement levels, confluence areas, expansion targets, and the power law vector indicator with just the click of a mouse. The scanner searches thousands of stocks each day and delivers a list of every Gartley and Butterfly pattern it finds automatically. Just enter the promo code BOOK at checkout. This sale ends Memorial Day May 27th, so don't let it pass you by. For all the details and to save 25% and get your free book shipped today, check out The Art of Timing the Trade charts on the front page of 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. And health care, so we'll get to do the Rare Earth to begin with. A question in the den is can you give your thoughts on trading rare earth minerals outside of China? First of all, rare earth minerals are not rare. What they are is very low concentrations, but everywhere all over the earth. When you get two or three or four percent concentrations, generally that's where it's economical to trade. In the past, there was a huge boom bust. One was MCP, and I got on back when I first started the show. What was about 20? What is that? Are we on? Everybody can hear me in the den? I'm hearing some kind of beeping. Okay, I will go on. Okay, the thing that we're looking at is the ETFs in that sector. I was asked about this rare earth mineral ETF, which is what is it? RE-MX. The problem is that it's all about mining and getting high concentrations. Now, China had made a deal where they were trying to bankrupt rare earth mineral providers around the world in the late part, about 2008 or 2009. Actually, it actually started back in 2005 or in 2004. At that time, they thought that they could corner the market on rare earth phosphors for television tubes. Strangely enough, everybody went another way when they couldn't get those phosphors and started making LCD screens. One of the reasons why we had such rapid adoption of LCD screens for about 2004 and 2005, they raised the rates on those phosphors that were only mined in one giant pit in Mongolia through the roof, and everybody just said, hey, we're going to go another way and went into flat screen televisions. We had a massive change in the market because of China trying to corner the market on phosphors. They tried the exact same thing again in 2008 or 2009, and what our government did was put a whole bunch of money behind MCP in what was that? I think it's out there in Nevada where there was an existing mine that had closed because of ecological reasons partly to the people in California didn't like any kind of mining whatsoever, real or imagined and did everything they could to kill it. The government all hopped in. It was going to the moon, and as soon as China quit trying to corner the market, the prices fell and MCP went bankrupt. A real teachable moment at the time because I got into it. I forget what it was. I think it was like 15 bucks or something. The thing rocketed up. I got it like 47 bucks or something, and this was like in the space of a few months, so it wasn't too bad. Anyway, I got out kind of early because I got really nervous when I saw the CEO on CNBC on almost a daily basis. When you see somebody on two, three times a week on CNBC should be a huge heads up that there's something going on. Anyway, I think the thing went to like 79 bucks from memory and then that's when China decided that they weren't going to allow anybody else out there to actually hit the price of rare earth minerals. Mostly Neobendium which is a metal needed for making very high concentration magnets, which is still a big thing now for both the motors and literally everything else you have. The United States actually keeps a stockpile of that in case we got into war with China because, guess what, it all comes from those giant pits in Mongolia all over again. So it is a, we do have plenty of rare earth minerals here in the United States. The desire to mine them, not so much, not my backyard as they say, NIMBY which is generally a big way of putting it in. A very long explanation back to what I think about rare earth minerals and this, I'm showing this webpage which is etfdb.com if you want to see actually what's in it etf the thing to do is go and look at this one because it will show you everything that's in it down at the bottom, it'll show you the 21 holdings and the percentages of those holdings a great resource. If you miss this or can't write it down just email me at path at etfdb.com and I'll be able to send you the link but any etf in there until you get to like one in a million parts or something and there are etfs that have things like, they must own like five shares of some company I don't think that they get down to that much but you can see how much is of each company and especially if you're out or the NASDAQ or you see one stock get blown apart in the morning and you're trying to figure out how it's going to affect the etf you have in there you can go and take a look at that page rare earth minerals are not so rare the processing is as toxic as gold or silver or any of the other heavy metals that you get out of them and that is what's problematic anyway the whole thing MCP blew up and the reason why is if they turn and stick it on there's a lot of places you can get it one of the other things that really happened was Australia saw the problems with China and that's why you really haven't heard about anything other than lithium which is going to be needed in massive values if electric cars continue to work on batteries I'm kind of thinking that the fuel cell is probably the way that the majority of countries are going to go mostly after seeing Germany and Japan South Korea a lot of these countries have decided that actually manufacture cars that they are really heavily on the road to fuel cells instead of batteries mostly for the reasons I've discussed on here which is you've got a car for eight years, eight years you have to replace $25,000 with the batteries kind of a time bomb kind of like buying a car with a balloon payment at the end that's going to kill you and that's the downside to buying electric cars if you're going to drive the living wheels off of it for eight years probably not a bad deal, the batteries do tend to do fairly well but at the end of the eight years you're going to have about half the range that you started with if you're lucky if you're not maybe in five years then the warranties have dropped to almost nothing anyway that's about it I'm looking for and listening for audio I don't hear the music yet there we go we'll be back if you're in the CD market and looking for a secure investment the security for these first mortgages are building lots in the tax opportunity zone in St. Petersburg, Florida the tax act of 2018 set up tax-free zones across the country where you can build and hold for ten years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four-year CD in the country as of February 20th is 3.1% a $50,000 investment at a normal the rate of 3.1% would give you income of $1,550 per year or $6,200 over the four-year period that same $50,000 investment in the Tiger First Mortgage Program would give you $3,500 per year or $14,000 over the four years what should you prefer? $6,200 or $14,000 of interest on your investment if you'd like more information about the Tiger First Mortgage Program you can call me at 877-518-9190 that's 877-518-9190 tfnn.com what are you waiting for? all of the tfnn newsletters are informative up-to-date, affordable and must have for every trader looking to gain a competitive informational edge in today's markets tfnn newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk free for 30 days from all aspects of the markets bonds, metals, commodities and tech, there's a newsletter to fit your needs exclusively from tfnn stay informed each day you trade and get the competitive edge that will help you stay ahead of the game visit our newsletters page by going to tfnn.com and click the newsletters button near the top of the page tfnn.com educating investors now may be time to take a closer look trade C-H-A-U or C-H-A-D directions daily C-S-I-300 China A-Share Bull and Bear ETFs China A-Share's in either direction visit directioninvestments.com today an investor should consider the investment objectives risks, charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares or summary prospectus please contact direction shares at 866-476-7523 the prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk including the possible loss of principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor foresight fund services LLC don't forget you can listen to tfnn live on your mobile device www.tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv for the latest market information and anyway I was talking about this website you can certainly email me if you forget the name of it but it's at etf.db.com and it shows you the percentage in that ETF or what's going on the problem I have with getting involved in these is you have two issues one the supply and demand for rare earth minerals and two the most of these are in some foreign country and they're spread out all over the world from Chile to Australia to China to everything else and it's such a mishmash that I don't know if you can get the kind of leverage that I would want to see in these although they have popped up here recently in the last few days I think that's more on the trade tensions and maybe some threats from China that maybe they'll want to midjigger some of those rare earths but again if they quit shipping less then probably Australia is just going to start shipping more Lithium the big one right now is of course all from Chile oh that's what I was going to look at earlier when we were talking about that I could not remember that and that was SQM which is the Lithium mines in Chile and like I said these things have done nothing but go down which makes me think that certainly the demand for electric cars has probably come down and one of the reasons why Tesla was getting hit fairly hard the question is just when will Tesla's factory in China start opening up and you know you got kind of some kind of little bottom around here around 195 and the pop back higher but yeah could you get back up into this area 240 or 250 well we're back close to the areas of about 240 or 250 bucks so yeah I that is the problem we were talking in the den here and you know you got Biden's son who gets like a billion dollars or something from China you got Barbara Boxer's husband who gets like I don't know 15 million a year for something that no one can ever explain to me what he does over there in China and then of course Elaine Chao which is McConnell's wife I mean everybody in politics is always getting paid off on both sides of the aisle I won't make this sound like it as a partisan issue because equal parts you wouldn't thank you Mr. Smith didn't go to Washington to get rich but I think everybody else has and so you always have to look at that but yeah there's a lot of stuff going on in China pushing probably a lot of buttons in this trade war probably a lot tougher for us to do that because of course anybody cooperating with us would be taken out and shot in the rice paddies out there in China but you never know anyway as we were talking about rare earths they popped up real big but a lot of times these can just be fairly by nine things and you've got so many different levers being pulled it's very tough to catch those and there is generally right now a fairly quick response for other areas of the world that can produce these to come online and get those prices back down once they hit a price as our friends that have gone before me at TFNN have always said the best cure for a high price is a high price yep the camera Rouge and of course Mr. Paul he may have killed up to a hundred million people all I know is that everywhere that communism goes death and destruction including socialism follow like the plague the virtual black plague okay so do we is that answer all the questions out here when it was it was a lot easier back in whatever it was 2010 and I remember that I think it was like May 5th or May 10th because I started the show and I think I spent two episodes on just those on MCP saying how that was all going to play out and as soon as they got moving China decided it was time to give up trying to corner the market on it and it went bankrupt in like a year went to the top and bottom it's pretty quick I remember you can give me call it 877-927-6648 as I said before what I'm thinking is happening or what I think we're looking at happening is a big change from a lot of multinationals to more U.S. centered corporations going forward I think since these corporations like Microsoft so much weight in the indexes that we can see an index that goes sideways for a while but individual stocks far outperforming the indexes and that's what I'm kind of looking at as I go into next week I'm looking at sectors that have gone up in the past pulled back and look like they could be the winners along a protracted trade war with China and again if you're building a lot of things here in the United States and you've been buying stuff from China you're kind of probably try to look a little closer to home or in countries where it is much more palatable for Americans to think that they will have some kind of straight deal instead of a raw deal that they will get going forward if they continue cooperating with China so Australia probably long term more stuff coming from them in raw materials but there's a couple of others, people have asked me one of the big things that China actually sends here to the United States a lot of people don't think about is plywood that used to come from Canada and with any of these tariffs and if they get tougher I could see Canada being a big supplier of wood to the United States in the form of plywood a lot of the sticks like 2x4s all that kind of stuff actually comes from Canada already it's the plywood where China has really done well because they don't have any environmental regulations so they can use whatever kind of toxic chemicals run off from their nuclear power plants whatever they need to put in that plywood kind of like what they were putting in those floorboards for what was that company that did the flooring it was the national company we find out that they were dumping all kinds of toxic chemicals in them but that's for maldehydes that's it right there lumber liquidators that's what it was and that could be a big for companies in like warehouses some of those other ones that are already doing it so you might look at that but of the stuff that Home Depot and Lowe's get from China I remember the Home Depot guy saying that the plywood may have been the most money they spend on anything from China just a thought you can wrap this up and a few minutes still have plenty of time to give me a call I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trade that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of Mastering Probability tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12 6 and 3 months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do sign up for Mastering Probability today by clicking on the newsletter tab on the homepage of TFN.com 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visiting the front page of TFNN.com cancel at any time during that trial and pay absolutely nothing get your two-week free trial to Basil's newsletter the opening call today by visiting TFNN.com and we're back we were looking at Microsoft out here like I said a lot of these things look like they're kind of topping out Microsoft's probably still going to be the best of them but I think you know especially with a lot of products coming from China from Amazon you've seen I wouldn't say huge weakness but some weakness to me a loss of products or the height than products may actually be one of the issues with Amazon it has a massive amount of stuff that come from China I'm thinking that can probably come back to 1800 and again you're probably going to see wider moves out there from other areas one of the things that kind of caught my eye the last few days has been the IYT and the transports and you've got kind of a bounce off this low of 18419 on May 13th back up here but again if you're bringing everything in on container ships solves a lot of transportation issues I suspect you're going to continue to see transportation a much bigger factor here in the United States going forward not because there's that much more but because it's different if we don't have a bunch of container ships showing up at the port of LA Long Beach and the one which is they added which I want to say is in is it in Seattle not Portland it's up in Washington somewhere they added just to make sure they had the capability you might see a lot more stuff moving not at the same kind of scale and that may be good for a lot of those transportation companies because if you're not a big manufacturer and you've got a thousand carts maybe you can charge a little bit more money so more train business maybe anyway it'll be a lot of ways to play this going forward as the trade wars drag on but I think a lot of ways probably going to some companies will make more less in the meantime sell when you can not when you have to we'll see you tomorrow same back channel same back