 The Tom O'Brien show is produced every business day. Tom takes your phone calls toll free at 1 877-927-6648 internationally at 727-873-7618. Let's go to Phil and Puerto Rico. Hey Phil, what's going on? Hey Tom, doing great. Just wanted to thank you guys and the whole crew. Best content on the Internet. Really appreciate everything the guys are doing. We appreciate you garowing and problem with us out here. Phil, how did you find us? I just typed in live trading in YouTube one morning. Cool. I was looking for any type of live trading room you guys just come up and look. Awesome. I know quality when I see it or at least I like to think so and I mean you guys are just a dream. I appreciate everything you guys do. Welcome to the Tiger Film. We appreciate you garowing and problem with us. My pleasure. Now Tom O'Brien. Welcome folks. This is Tom O'Brien of TFNN. We got five days a week. We got seven hours a day. We go 24 hours a day on the Internet at TFNN.com. Always remember folks, whatever you think about, you bring about whatever. You focus on growth. Hope everyone's having a great day, safe day. Let's make it a great night, folks. Don't take anything personally. Ignore the opinions of others. Whatever people do, feel, think or say. Don't take it personally. Others are going to have their own opinions according to their belief system so whatever they think about you is not about you but it's about them. That's a tricky one, man. Market-wise, let's take a look at it out here. We have the Dow Industries up 10. NASDAQ is up 29. S&P's up one. We're in the green, folks. And it's pretty amazing what this market did, climbing back from the lows out there today. I'll go through the rest of it and we'll come right back into the S&P and the NASDAQ. Gold. Gold contract down $39.30 traded $17.55 an ounce. You got Silver Dow $0.91, $0.22, $0.89 an ounce. Light, sweet, crude, flat. $72.58 a barrel, notes and bonds. The 10-year note down 10 ticks, trade $133.02, 30-year off $15, let $163.10, and $king dollar. $king dollar is up about $340 ticks, trade $92.80, Euro at $117, Yen at $109.73, and the British pound at $168 to $137 to one U.S. dollar. iPhone number's 877-927-6648. Give us a call, folks. One note's going on in your world. In the world of the S&Ps, let's take a look at them. What do you have? Well, the bottom line is that we're going to get higher and we're going to have lighter volume. That's how this baby's shaking out right now. With up $0.29 in the spy, we have come down with $78 million. You're going into $89 million and what's going to get really intriguing here right now is this. Did we make it yet? $448.41, $448.34, and $448.92. Okay, we haven't made it yet. What I'd like to see here in the S&P is actually get into, see the last three days, the highs of the last three days, the lowest high is $448.34. It'd be really nice to get it over that number and close under that number. Then you'd also have another failure on price and a failure on volume. Right now, you're just going higher and you're going higher with lighter volume. And the X100, we take a look at the three Qs out here. We have inside the three Qs. Excuse me, folks. I'm ready to sneeze. The three Qs right now are up $0.61. You've done 24 million shares. They have peaked their head up. Okay, so this is cool. So the Qs have peaked their head up above the highs of the last two days and we'll see whether they can basically basically stay there. The number to keep your eye on on the Qs will be 378.61 coming into the close. We're not going to do... No. No, we're not going to do $41 million. We'll probably do about $34 million. So that's going to be the number whether it can hold on price as we get in there. And I'll show you intraday if you want to see a pretty clean ABC structure on the way up intraday. If you do trade intraday, this thing was in spades, man. So you can see at $150. $150 had a big expansion of volume. You took out a B point intraday. It was a 2.8 B equal C to D. 376.63 was your B point. Your A point was down to 374. So you get two bucks. You add two bucks onto that C point, which gets you 378.11. And right now you're 378.86. So, and then we got another... They just gooseed it over the highs of yesterday. So we'll see where this baby is going to go. Bottom line is that they have it going. There's no doubt about that. Gold. Gold contract. They've smoked the gold contract. Dollar is down, but they had this thing going south in a monster way all day long. And now you're coming down and you're still coming down into the last low and you do have lighter volume. That being said, we haven't held price at all. You had an intraday ABC structure on the way down inside the gold market with a price projection of 1757. Right now we're at 1754. We actually hit 1745. So, when you do on ABC structures, you can have a one-to-one, one-to-point, three-to-one, to five-to-one, one-to-six, one-eight. Gold does like to do more than a one-to-one. In this particular case, it did slightly more than one. Volume-wise, bottom line, you're coming into the last low. 238,000 contracts out here today with 290. So bottom line is that you still have lighter contract volume, but what you haven't done is that you haven't rejected lower price at these lows. Silver, this is a silver market goes south big time, 92 cents. Same type of setup, meaning that you're coming into the last get-go on the way down. And in this particular case, we're dealing with a different contract. So you are dealing with more volume if we go over to the SLV. This is a way that, if you're playing and looking at the silver market in general, you go to the SLV, it's going to give you a better indication of, okay, volume, price. SLV, bottom line, blew out this low. And first, let me do this and see what I'm going to do first is this. I want to see the last retracement was it more than 0.618? Oh, look at this, it was exactly 0.618. So it could have still been an ABC down. Okay, so if you do more than 0.618 retracement on the way up or the way down, then you can't have an ABC down. That particular case just, it was just a 0.618. So this is, let's see, 24 bucks, almost 21, it's almost 3 bucks. Oh, is that 21.91? Yeah, almost 3 bucks. Which gets you 21 bucks. And we hit, oh, this is, yeah, so this just did an ABC down. Yeah, and one day, that's the bottom line. We put this, let's put this on a weekly for a second. See what we're coming into. Okay, so you're coming, we're 21, 20. This is the SLV we're looking at. 2060, well, we're ready to jump over the cliff here, man. That's the bottom line. 20, yeah, 2060 and 2045. Those are the numbers to keep your eye on. That's the bottom line. Notes and bonds, they still want higher price. This is going to be while watching this note and bond market. What you had with the note and bond market, they pull back. You had some volume in the pullback, but not enough volume to break the lows. You know, and we didn't even actually hit the swing low. What you had here, you're coming into 2.2 million contracts. We've done 1.3. The low there at the two point is 132.25. We did 1.3.2.30. And good old King Dala. King Dala's over the highs in the last few days. It got to 92, 964, and 92, 885 is the number to keep your eye on. Stay right there, folks. Come right back. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. 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From the moment the market opens until the closing bell sounds, Tiger TV has eight 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. Call now, toll free at 1-877-927-6648 internationally at 727-873-7618. Welcome back, folks. Dow. Dow Industries up 6 Nasdaqs, up 28 S&Ps of flat, and a lot of good questions out here. One of the biggest ones that we're all asking ourselves is that what caused the negative action in the gold and silver markets today? Now, we always have plenty of negative action in the gold and silver markets, folks, when the dollar goes up. But today, there's no two ways about it, man. They smoked these stocks in a monster way. When the S&P was basically down, well, let's see where the S&P went. So the S&P got to a price point of $44.33. So right now, you have like 40 points above it. When we were at those lows, it doesn't matter what gold stock you bring up. They were selling these things all day in a monster way. They were breaking out lows. It's a lot of selling. I mean, I wish I could give you a coherent answer. The closest I can get to it is that that's what they do due to the gold market. I mean, I've seen it before. The real question is, is there going to be a few more days of it? That's the thing that's up in the air here. If I look at Newmont first, Newmont's coming into. So the strength on Newmont starts at like 48, and you were at 55. Now, the top of that range is 57. That's where we broke topside. The two swing points is that you have one swing point of 57.33. 52.33, rather. You've come into that with tremendously light of volume. I mean, you're talking like in a monster way. On a weekly, we were down there with $51 million. That's why he's only done 19 million, and he got one day left. So you can see how that baby's going. There's less folks selling, no doubt. But the price hasn't held. That's the bottom line. If we go to the GDX and we take a look at the GDX, what do you have inside the GDX? GDX came down to 30.59. Your swing point is 30.68. And this has got a whole price. So this is going to get intriguing to see like, okay, are we going to get something off of this? Meaning are you going to get a bounce off of this? What are you going to get off of this? The swing point got broken. You're going to close above the swing and 152 million. We've got one day left. You're doing 93 million, and you're going to 152. So that makes a difference. And we average about, well, it's going to do 38 million today. It's going to have 152. Yeah, you're still going to have to do 40 million tomorrow. So that also has rejected lower price at this point. It does have light of volume. The real kicker is you're going to get a sign of strength because that's what we're going to need out of this market is a sign of strength. There's no two ways about it. Okay, let's see. Tom, on a gap on Friday morning, SAP and then sell off before the close. Oh, I see. Okay. So the next question is, is that you think you can do a gap up on Friday morning and sell off? Listen, anything's possible. I don't see that. The reason I don't see that right now is that what's happening here is that we didn't make it. Let's see, 448. Oh, this is good. We did make it. Okay. So we made it to 448.36. And if we close below 448.34, that's going to be a failure on price and a failure on volume. We did 59 million right now. We'll probably do 69 million, but you'd have to do 78 million and you'd have to hold price. And right now it doesn't look like it wants to do that. I don't think we're going to get much selling. What I do think we're going to get, as we get closer to 4 o'clock, you're going to get a fast little down leg here. The reason I'm saying that is that when you finish an ABC structure up intraday, most times coming into the close here, you basically get the pullback because you've finished exactly the patent that was set up and how it was set up. If we go over and we take a look at the... Let's go take a look at a couple more gold stocks here. We'll take a look at Barrett Gold. Next, Barrett Gold comes down hard. That comes down to 1840. See some of these, man, this is just amazing. I've tried to figure it out even today. Is it a couple funds that just say, listen, we're going to sell every gold stock there is and jam it and listen, that's how you can basically get lower prices. There's no doubt. Now, in GOLD, this is actually not a bad setup. We came back and we tested the last swing low. Now, the last swing low on a weekly at 128 million, that number was 1860, I believe. 1840. So we hit 1840 today. We are at 78 million one day left. And yeah, you're not going to do that far. You're not going to do 50 million in one day. So thus far, you get a rejection of lower price. But when it's set up like this, meaning that you're only 25 cents off the low, that is not a big deal. So the bottom line is that you need this to rally more than down 71 cents. Now, if we only down 41 cents at the close, that would better be a big cool. That would be cool. And then we get another question with, let's see, Tom, do you think some big houses will reduce in gold exposure or big houses raising cash or something next week? Now, they just sell it. I mean, most, I would say that most of the time, just like we like buying gold or I like buying gold, there's plenty of traders that like selling it. There's no doubt about it. We have plenty of traders, tigers that love selling it, okay? And in fact, Robert from Kansas City, I'm sure he's done well because I heard him calling Steve's show two days ago and inside the den, I was actually elated on the call because he was so bearish and was like, okay, this is what I needed. And guess what? He was right. That's the bottom line. So, you know, when you start selling it and you're on the right-hand side of the sell, the bottom line, the market's very small and it doesn't take much to move it down as it doesn't take much to move it higher in a big way also. We're going to take a look at the NDX100, the strength versus the weakness inside the NDX. The strength out here today is you get Dexcom, is up 2.4%, $13, a line, my technology is up 2.3%, $16, taken away from the Pace cars off 1.8%, intuitive surges down 1.2%, and American Electric is down 1.2%. Now, check this out, folks, because this is going to be, this is going to, we're not going to hear the last of this, okay? And I suspect when you hear these numbers, okay, this hasn't affected our markets yet, but my take is that it is going to affect our markets. This might be part of the correction that we're going to be in the middle of. And what you have happening is this, Evergrande, okay, is a Chinese builder. That is in monster trouble. Now, listen to this number, folks, because the real kicker on this is will the Chinese government bail this company out? And let me, I'm just going to read you this first, because once you kind of understand this, it's like, whoa, man. Okay, so in China right now, you get a lot of people that are protesting, and what they're protesting about is this. So the way that Evergrande has worked, as well as other developers in China, okay, I'm going to go through the story, so I'm going to come back, because it's a really cool story, man. And you won't, well, we'll take it step by step. Dow Industries right now, up 11 Nasdaq is up 23, S&Ps are flat, stay right there folks, come 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 creditor 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. Interact with other Tigers and Tigers' as they share trading ideas, news analysis, and discuss the market action all trading day. Subscribe to the Tiger's Den risk-free with our 30-day money-back guarantee, and become part of the TFNN trading community. TFNN. 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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 Gartly's, ABC's, Butterflies, and much more. The Art of Timing the Trade charts 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 only $79 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. Tim Banner, on the front page of TFNN.com. Welcome back, folks, down. Down investors right now, down $14. Now, it's like it's up $15. S&P is down $3.5. Okay, so we're talking about the Chinese building market. And there's this company, folks, okay? Let me... I'm going to put this up so if you're watching Tiger TV, you can kind of see this story because there's a couple parts of this that are pretty intense. So I've been watching this market as thousands of millions of us have, in general, look at the last 20 years. And first you had cities that were built that, you know, folks are always saying, hey, this thing is going to end because they're building cities and no one is there. Well, the bottom line is that the cities and the people that came there, they end up being a success. There's no doubt about that, okay? I was there, I saw it, okay? So that's real. What's also real is this. Is that the way that the development business works in China is that if you... let's say, let's picture you're buying a house. Well, when you're buying the house, these guys get monster deposits, right? And there's no regulation. They don't build. And then on top of that, there's another deal that the developers have in a monster way and what they do is this. They just basically sell notes. This is almost on an unregulated market also. They sell notes and they pay off the notes. Now, if things are going great, that's great. Now, these notes are not secured by real estate. That's the mind blow, okay? They've always been... until they don't. So picture this. Evergrande right now, this is what they have. They have 70,000 investors and we're talking about small investors just like you and I, okay? Across the... not the government, across the China in general. And then they have a million homeowners that they have their deposits and they don't have a house to live in. Now, check it out. This is how big Evergrande is. Evergrande right now has unfinished properties three-fourths of the size of Manhattan, okay? So I don't have the floor space in Manhattan off the top of my head. I don't think anyone does. Well, no, the corkering would... corkering in Manhattan would have it. But picture every one of those high-rises and then picture all the floor space. Well, picture that one company has three-fourths of that space and it's in a halt. Okay, so now the bottom line is that what has happened is that this... I think it's 300 billion they're in debt. Let me see, one second, okay, fire sales. Fire sales and squeezing other developers rippling through the supply chain, okay? But from what could really happen in China right now it hasn't come down. And what I mean by that is this. I was looking... I actually stopped looking at these bonds to buy these bonds a couple weeks ago. And I'm saying, man, okay, you know, the Chinese government on a continual basis, folks, has come in and saved the developers again because when you get a spread like this the GDP of China, I think it's a monster number, is dependent on developers period, okay? That being said the bottom line goes like this. That what has happened is that protests have started over there, okay? It's just going to be one of these deals that how far is she going to let this basically thing get out of control because it's out of control. Meaning that they're never going to be able to pay this money back. Yeah, it's $300 billion that we know that they owe, okay? Who knows how much more because what also happens in China like those 70,000 investors, you know, that's still like it's not an under the table market, okay, but it's not a regulated market so you don't even know how much money those 70,000 investors really have given to Evergrande. That being said, you can see that it really hasn't made a run yet in an incredible way. So the real kicker here is going to be does she come in the middle of this and say, okay we're taking over the company, you know, and because they've done it before, okay? I remember the big insurance company they took over. That was a fraud, you know it doesn't look like this thing's a fraud. It just looked like they just allowed the company to keep basically borrowing money, borrowing money, borrowing money. And we'll see where that shakes out because when you look at this company and then you look at what could actually happen the lower that she lets this thing go the more contagion is going to take place because they are so large. You know, and so this is going to be this really hasn't hit their stock market yet watch this, HSI. If we look at the HSI it's down, but it's not down as much as it could be. I think we just we went down 365 last night. Let's see. Put this on a weekly I'll put it on a monthly. Yeah, you can see I mean, you know, you get a high volume lower it wants to go after 21,000 I mean 4,000. This is not down. My point is it's not down as much as it can be down and I expect you're going to see more fireworks over there. I'm definitely not looking at these bonds anymore. Well, you know what ended up happening actually as soon as she actually came out and start going after the Las Vegas casinos I realized that hey listen man, don't ever invest in China again period. It's not even close. So the real kicker here is going to be the correlation of how far they let that go down and where the contagion is going to come and the reason I'm bringing this up is this is that 1998 everyone no one actually was worried about the contagion and Indonesia and what had happened is this is that it was kind of wasn't the same. Okay, but the bottom line is that between Indonesia they were over their head I don't think it was in the real real estate business. They were over their head and something. Bottom line that went from there to Russia and as soon as it hit Russia that was the long-term capital. Okay, so it went from Indonesia to Russia and then hit us. Now that took six weeks and within about like by the fourth week Wall Street in general like uh oh hold it it really hit us. Well it really hit it really did hit us. Okay, there was six weeks of selling in our market that was pretty intense. Now the reason I'm bringing that up is two-fold. Number one that we get to watch out what is actually there because there's plenty of American companies that own plenty of Chinese companies and the correlation that's where the correlation comes in. The correlation doesn't come in what's happening in China. The correlation comes in about how much money is from the US that is in people's IRAs that funds have in China. That's what really comes in. So as the realty companies come down, if they don't save them right now let's say the next week, week and a half as that contagion takes place then it comes across and it's coming across as to funds that are actually owning it then we've got a correction here because of the amount of selling that's going on. Stay right there folks. Come right back. Let's talk about the real estate and 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 biggest decisions of your financial future, call Tiger Real Estate LLC today or email us at Tiger at TFNN.com that's 727-329-8322 call us today. The technology around us is changing every day. 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Whether you think the Biotech bull has room to run or has run its course trade LABU or LABD Directions daily S&P Biotech three times bull and bear ETFs. Visit directioninvestments.com slash biotech 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. To obtain a prospectus 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 principal. The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor or side fund services LLC at 1-877-927-6648 internationally at 727-873-7618 Welcome back folks. Dow down to Nasdaq is up 23 S&Ps are off two and a half and the next thing to look out for folks is going to be the debt seal and the debt seal and we'll see whether there's going to be a brawl on the debt seal and what is the data on the debt seal and so the way it normally works folks is that you have the debt seal and come up the treasury turns around and does a bunch of tricks accounting tricks to make it go a few more months and then they basically have to cut to the chase and cut into the chase is the aspect of where is the money to get paid okay so right now what we have is that how many more weeks this is bottom line is that we'll see how the shakes out McConnell is out here saying that Democrats basically have everything they need to up the debt seal and well the reality is that Democrats aren't the only ones that spend money you know the tax breaking itself let's put it this way what has happened in the past is that both parties normally get together to vote for this because they both spend money in this particular case it doesn't look to me like that's going to happen my point here for the markets the closer that it gets to that it's not happening the more volatility you're going to see in the marketplace I don't think we're ever not going to pay the bills what you are going to have is that people are going to definitely get more nervous as it gets close to these bills getting done the federal workers themselves they will definitely get nervous so we'll see where this is going to shake up but that's on the table right now because this morning McConnell come out and said hey listen man you know the bottom line you can run it through right now just run it up and do it they don't want to do it by themselves because then what ends up happening is that politically later they say okay the Democrats are in it up you know cases all these politicians run it up you know the thing that is amazing to me is that it's a continual basis and that doesn't matter what Democrats or Republicans man they all love spending money man that's the real bottom line and then every time that you try to stop spending money you know the lobbyists get involved and more money gets spent anyway so it is what it is man that's the real bottom line some of the higher volume equities out here today we take a look at inside of the marketplace yeah because it's not theirs there's no doubt man they're spending something that isn't theirs and they're bringing it back to some of them in some cases they have no doubt bringing it back to their you know own contiguous oh look at that that's pretty cool so oh this is pretty wild here first look at this I just brought this up I brought this up in China though I didn't realize I was still on China and you can see the highest volume equities here look at this the highest volume equities here at Bank of China because the banks over there the banks are holding all the debt okay let's just look at this for a second okay you have Bank of China China Construction Petro China Sands China yeah that would make sense China Petroleum Ping Alibaba yeah there's not that many developers over there not that many banks either let's bring this back to the S&P and take a look at it so inside the S&P today we have Apple down 29 cents Freeport McMorran let's get in smoke that's down 250 you get gold down you get copper down we'll go back to the copper mark in a second too you get Comcast up 56 cents but that got smoked 2 days ago Microsoft's up 17 cents you got Tesla up 294 T-Mobile is up 2 look at that T-Mobile let's look at that what is going on there that's not a bad deal oh I know Pelletier Pelletier this baby is on ABC up yeah take a look at this Plantier rather Plantier this is taking out a B point there's no juice behind it so I think it's actually taking out a swing high oh I see what it's doing yeah no that's 27.50 yeah so 17 that's 10 bucks that's an ABC up to 30 well it's almost there 28.75 you get volume inside it and you know this is an equity that once it gets to 30 bucks man 45 is game again so let's see what the news is on this what is happening here not much this is just there's a great story in the Wall Street Journal actually about Plantier and Peter Theo about how this company went from nothing to having launched a contract with the Defense Department do you have a chance to read it was I read it two days ago and it's like insane what the story is about basically is the M.O. for Plantier is that they're you know cloak and dagger no one really knows what they do that's the M.O. that I understand that is out here when you read the story what the story is talking about is they do business with the government but they're saying that the piece of software is a bunch of crap when they started and it's basically surveillance programs like they have in China that's the real bottom line they're scraping Facebook they're scraping Instagram they're scraping everything but when you read the story you're going to crack up man because it's like it's a good story but they explained that they had nothing great lobbyist that pushing the government pushing the right buttons and all of a sudden they went from no contracts well let's go see what they have right now because this is like bizarre when I read this it's like man the amount of money once once you are in the green checks folks the amount of money that our tax payer money that goes these programs are sick okay so look at this so five years ago they did 595 million now this year they do 1.5 billion and out of that out of the 1.5 billion 600 well no this would be last year because this is broken down it's only 1.1 million okay so this is last year out of 1.1 billion last year the government gave them 610 million and then commercial 482 million I suspect half that commercial also is going to be bottom line large companies that are billing it out to someone else well that's the United States that's 65 well no that's half of their business the rest of the world is 289 but bottom line is that you get the gist of it you get the right lobbyist once you're on the gravy train you're on the gravy train in a huge way you know you're talking about big accounts that come in and you know there's no watchdogs the watchdogs inside the government programs are a joke there's no doubt about it there's the in spades we're going to take a look at the volume characteristics actually let's go take a look at the I want to see if the cues are also going to fail the spies are going to fail out here today the cues they don't look like they're failing just yet the cues have to close 378.90 close into 378.61 you know it's still it's subtle bottom line you got above it you're going to close below it so it looks like it's going to have light of volume stay right there folks come right back sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent 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mortgage program pays 7% per year paid monthly for more information you can call 877-518-9190 that's 877-518-9190 welcome back folks down investors right now down 35, Nasdaq is up 19 S&P is off 6.5 bottom line is that you really the market is flat but thus far you rejected the lower price out here today coming into a friday we'll see what this is going to shake out we look at the spy the spy has done 66 million 83 so that's still telling me we're in a correction already subtle but you're in that correction NDX100 same type of setup it would be interesting with the NDX because the NDX did get the 378-90 and your 378-18 right now so anything under let me get this right 378-61 yeah everything under 378-61 is still saying lower price is coming at you so we'll see what this is going to shake out tomorrow noton bond markets still want higher price pretty amazing actually we're at 1.334 on the 10 year that's still very inexpensive in a 10 year no doubt a couple of the king dogs out here like we take a look at amazon amazon right now up 10 bucks you're trading at 3486 we're not hearing a lot more I mean we know that there's bottlenecks beyond belief and it seems that a lot of the bottlenecks actually folks for the container business here you know you have a setup in China that it's somewhat problematic but not really where our problem comes in the US is that there's so many containers that came in simultaneously that the ports our ports can't handle the volume that's coming in that's what's also going on I know one of the tigers put something in the den today like there's 60 boats outside of LA right now Long Beach that's a lot of containers man each container I think carries at least about 10,000 containers pretty wild always remember folks the bear can hide out the bull can run you over and thank god there's always another trade health happens in prosperity safe night folks please come back and visit us tomorrow Tommy kicks us off 9 o'clock in the morning great show go get em folks