 The following is a presentation of TFNN. TFNN Bull Bear Training Hour, every training day live at 10 a.m. Eastern call now toll free at 877-927-6648 or internationally at 727-873-7618 the TFNN Bull Bear Training Hour. Now, Tommy and Tommy O'Brien. Welcome folks, appreciate you're growin' and prowlin' with us out here. Right now we have the Dow Industries up 121, Nasdaq up 37, S&Ps up 19, Gold contract down $3.30 straight into $12.98 an ounce. You get Silver up 3 cents, $14.81 an ounce, Light Sweet Crude up 45 cents, $61.49 a barrel. Notes and bonds, flat, 10-year note, $124.13, 30-year bond, $149.13, both went higher with volume yesterday folks, we're at a 2.4 in the 10-year. King dollar, King dollar up 155 ticks straight in $97.275, the euro's at 112 to $1.00 USD, the yen is at 109.50 and the pound is at 129 to $1.00 USD. You know if this was a normal day, up 20 and the S&P would look pretty good. I'm sure it looks pretty good to some too, but in context, quite a move down yesterday, we'll see what happens today. Yeah, no doubt. Let's go over to our man, Mr. Kevin Heats at TD Ameritrade Baker Swim as we do each Tuesday, Wednesday and Thursday. And don't forget folks, you want to understand options, option strategies, futures, and let me tell you something, you want to find risk in this market. Great program, every trading day, 11 to 12, Eastern Standard Time. If you happen to be driving down the West Coast right now, always remember you can go right to YouTube, just put TFN in. You're going to get all the programming, great programming, great charts each and every day. Kevin Heats, what's going on? Good morning, Tom, good morning, Tommy. Here we go, the roller coaster is on an upswing here, that's for sure. You know, frankly, I'm a little surprised by this rally myself because even though some of the data that we got was pretty good, you know, normally when you see in the retail rating world what you see after a big percentage down like we had is usually a little soft and that's when you use the opportunity to buy early and often. Yeah, so that's going to be interesting because, you know, what does happen is no doubt that those cars can go out overnight and they got to be done most of the time by 11 or 2, right, depending on what kind of account it is, right? Right, and you can almost time it. You can almost see the pressure go on the market and then subside and then, you know, you know that as a trader, you know you got to get through that little time and then the real market will show its attitude for the day. Stop kicking in. You know, these notes and bonds, Kevin, I mean, it's pretty amazing. You know, we can go back, you know, we've talked a million times over the last, you know, years, but it's amazing, man. That's the ever-ready body, man. I mean, you know, like you can look at a million different ways, but there's the buy and that just doesn't stop. Yeah, think about it, Tom. We sell off and the bonds rally a point or more than a point and we rally back and they're down two ticks. Yes. Thirty bonds down two ticks. Right, right. So, you know, they are just a great haven right now where you can lock in 2.4%. So, you know, people feel, you know, I think with where the Fed stance is right now and everything that you have going on in the world, you know, 2.4 in the tenure looks pretty attractive, especially to European and foreign investors. Yeah, there's no doubt, man. No doubt. And so there's no doubt the market took a little bite out of Apple yesterday, huh? Yeah, I mean, their exposure to China and just the overall uncertainty. Think about it. We talked about this yesterday on Fast Market. When you look at a stock like Apple, right, they're in the Dow, they're in the Nasdaq, they're in the S&P 100. Yes. So, when you talk about any of those futures and the corresponding index is selling off, Apple's going to be affected by all of them. Sure. So, when you have a big down day, then you have a big down day where the news affects Apple, right, directly. Right. For a long who knows, but certainly yesterday that was a pretty substantial move in Apple. But I mean, when you break it down, something like that, Apple will probably have a little higher beta than the rest of the market because it's in all of them. Well, you just brought up a great point. I remember in the first down draft in 2000, people couldn't figure out why it went so quick. And what it was is that ETFs folks had just started. And so what ends up happening is that, you know, are you selling the ETF? Are you selling the stock inside the ETF? And so it's the chicken or the hen. You know what I'm saying? Right. That once you get an acceleration, whether it's up or down, the ETF structures themselves. That's not for selling. What ends up happening is if someone sells the cues, they're going to sell Apple. If they sell Apple, they're going to sell the cues. Right. You know, so there's a very fast acceleration. And now, you know, as you just brought up all those different sectors that they're actually in, it's like, oh my God. Okay, so you can see that selling right along all those indices. And it's just something that everyone should be cognizant of. Right. It doesn't mean that Apple should be overly bullish or bearish. It just means that you should be cognizant of. When this market's making a big move and you're seeing futures, you know, kind of lead the market down, that Apple's going to be affected. And like, why is Apple down? Even if it has good news, any market down 600 or 2.5%, 2.4%, Apple's going to be heavy. There's just no way to get around it. Sure. Now, when we're looking at the option market, when you're dealing with a market that's this volatile. What are some of the better strategies that you're looking at? Right. Well, the fact that the one thing we talked about on yesterday's show was, remember how you and I have talked on this show about the rule of 16. Yes. And, you know, think about how big the market moved yesterday. And VIX was a 20. Right. That wasn't lining up higher if that market was really significantly, if there was conviction on the downside. Protection should have been more expensive to buy. It wasn't. Now, here we are, you know, a fraction of what we lost yesterday and the VIX is below 19. Yeah. It's down two points. So, I actually thought that yesterday, 20.4%, 20.5% with the market where it is. So, in terms of the SBX contract and the VIX, for everything that was going on, because, you know, percentage-wise it was a pretty big move. Isn't that cool? Yeah. I mean, the way we were looking at that, like, wow, if, you know, if one-and-a-half in the SPX should be a 24 vol, right? Yeah. A two-and-a-half percent move in one day, at least we should be north of, significantly north of 20. But if it's a one-day event, maybe the overall market discounted this as a one-day event. No, it was just so cool. And the fact that we're up today kind of confirms it. No, I know. Just really getting to understand that, you know, and sure people have other tools or whatever, but that is really cool, man, because that's basically saying that, hey, listen, you might get a little bounce going. Something without a line, right? Yeah. In fact, just what happened. Now, and today we can turn it on and say, okay, well, you got to be careful, right? Because the bottom line is that this is not getting crushed as an opportunity. We're about a week-and-a-half, two weeks from Memorial Day, and that's summer trading. So you got to understand the pressures on VIX. The pressures on VIX, right? I like it. Folks, right here, 45 minutes from now, outstanding program. Kevin, you have a great day, safe day. We look forward to the program. Have a great day, guys. Thanks, Kevin. Thank you. Stay right there, folks. Tommy and I are coming right back. 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. Whether we're in a bull or bear market, a good strategy is to have the tools needed to help you scan and analyze the markets before you trade. The Taz Profile Scanner instantly scans and filters over 2,500 global financial markets, such as stocks, ETFs, commodity futures, and forex. 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You can still visit us at the same TFNN.com URL, but when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com, educating investors. Now toll-free at 1-877-927-6648, internationally at 727-873-7618. Folks, the Dow, the Dow's up 189, you get the Nasdaq up 68, S&Ps are up 29, and the vol's out here, huh? We'll get the S&Ps, let's go take a look at the S&Ps. So the S&Ps just jumped over the last high of this morning. Let's see if this baby, well, it's a pretty good jump too, let's say. So your first tie was up here at, what's that, 7 o'clock this morning. Your next tie was up at 9.40, and we just jumped that, so 28.32. So you got, there we go, right there. What is that number? It's 28.36, the high or the low? Okay, the high. The high, 28.36 on the Dow. Okay, so this is where we're going to go. 28.35.50, that high there, that's where we got the pop on the open yesterday morning. Yes. And so that's a big number, 122,000 contracts. And we'll see if, what it can do. There's no doubt when you take a look at this shot though, it's like, you know, when the volatility gets this high, it always cracks me up that, you know, it could be up 28 points, but it like doesn't look like anything. Yeah. You know, 28 points is a lot of points, man. Yeah, I mean it's lower highs and lower lows. Right. So, you know, you go down a lot, you go up a little. I mean, in terms of, you know, you can see that trend for sure. So it'd be interesting to see where we go from here because we keep going up. You might break that trend. Yes. Yeah. We're still there for sure. Right now you got it there. No doubt. Now if we go overseas folks, what you're going to see overseas is this. You know, Asia last night was down slightly, you know, not a huge amount. We had the Shanghai was down 7.10 to 1%. You had the Nikkei, now the Nikkei must have opened back up. Let's see. That was down 6.10 to 1%. Remember that was close for a long time. Let me just see. Yeah, it's been open for a while though. At least a week or something. Yeah. So. So it was open for a week. No. Oh, well no. That's the 10th. Isn't that the 10th? And then that's the what, oh, that's over the weekend. I see. Okay. Yeah. So that rejected lower price last night. Let me just look at this. They wanted to swing 800 million, 1 billion. Okay. So that was, last night it had like, well, I don't have the volume yet. I see what's going on. Okay. But the Nikkei wanted to those lower swings from February and March and had volume. So those babies looks like it's going to be back down. Now if we go to Europe, what you're going to see, it looks to me like Europe is setting up an ABC structure on the way down. We take a look at the DAX. You're going to see DAX got up to 11,959 today. Now you're at 931, which is not bad, but you can see there's not much movement here. And that's going to be something that you can keep an eye on as UKX, as the FTSE. It's amazing to me we don't talk about brexit anymore. I'm sure we will at some point when something happens. Remember every day that's what we were talking about. Well, they had the deadlines. Right. Yeah. And then they pushed back the deadlines. We got a little more brief. So in the FTSE, this is, well, I don't have the volume. We'll find out what the volume comes in today. But this came, when I came down yesterday, that had juice also. So we still, let's see, let's go look at the silver market. Because we had gold move yesterday. Silver didn't move. I'm sorry. You're up two pennies. No big deal. Yeah, silver still needs a bit out here. We'll see where this baby's shaking out. You got the dollar index up 170 ticks. That's not enough for any real action. Oh, Uber. Yeah, we'll pull it up. I think it snuck back into negative territory up. It's back in positive territory. But this is going to be a scandal. Okay. I don't know. Why don't you elaborate then. What ends up happening is that, so the way that, you know, when you get lead underwriters, I mean, the bottom line is that they're supposed to be able to, the reason you get a lead underwriter is that you know what the true supply demand is as close as you can get. Sure. And then, if I'm pitching you and your Uber, and I'm Morgan St. and Goldman, I'm pitching you that I'm going to hold that price. I'm going to make sure that that... You're going to do your best to hold that price. That's right. I'm going to put that stock in the right people's hands so they'll hold it. Sure. Well, none of that happened. Okay. So that's total speculation? No, no. That's where those sales... This is what's going on. So what's happening here is that the shares of even some of the bigger players that they put the hands into flip the stock. But they can't... Okay. But they can't guarantee all that. That's what you can't... I understand you can't guarantee it. I'm just trying to represent you. But they have to do it. They do their best to find investors that say they're going to hold it. They do their best to peg the value. Uber, still at this valuation, is tens of billions of dollars company. They have big finance people. I mean, I've been listening to commentary as well in terms of you going as a know-nothing company. Some companies say, I'm going to trust you guys because I don't know what this market is at all. Right. A company like Uber has people just as smart probably almost as the people at Morgan Stanley in the finance world just because you were at that many billions. And they may have had a hand in saying, listen, we were almost going to go at 120 billion. We're not pegging below 75 billion. Okay. And we're going to let the market tell us if you actually think it is. I could see that playing out. And they could do their best. So just when you say there's going to be a scandal, I haven't heard anything that actually says there's a scandal. I'm just... Yeah. No. Don't worry. You know, people go talk and say, oh yeah, it's a huge scandal. They tell their friends, oh, it's a huge Morgan Stanley. They're going to be under investigation or... Well, they're going to get sued. They're all going to get sued. I suspect you're going to see that within a week and a half. So what happens... It's all just speculation. Let's picture that you're a... I'm Morgan Stanley now and you're a big fund, right? What's happening is that when I give you those shares, they just say you're going to hold these shares, right? Okay. But we just went over it's not legally binding. So how are you going to sue the people on that? I understand this. That's a relationship business to say, I believe in this company I'm going to... So they allocate shares to the investors they feel. That's right. And they move them along. But there's nothing to do with the legality of having to hold that shares. But it has to do with the aspect of them knowing their customers and pushing it out. You're speculating that it was an intentional fraudulent? No, I'm not. No, I'm not. You are because otherwise we don't know. So that's... You're speculating. That's the definition of speculation. I'm just... It is. Okay. Okay. Let's go look at Lyft. Lyft, they're going south too. So you get Lyft. Lyft, got a Lyft out here today. $235. You're $50. And it's an ABC down to $41. So we'll see how this shakes out. We've got the $47, $17 and thus far. And we'll see how this baby goes. Some of the higher volume equities out here, and I suspect what you're going to get out here is lighter volume out here today. So you got... Uber's one of the top ones out there, volume-wise. It's up $55. You got Marbelle up $78. We got Disney. I guess Disney end up doing... They got full control of... They got all the Hulu. Yeah, a lot of control of it at least, right? Yeah. So let's see what they... Disney will take full operation control of Hulu in a deal with Comcast that will value the streaming service at more than $27 billion. It's pretty amazing, man. They started this thing from nothing. The valuation represents a better and continued rapid growth. Let's see, just a month ago, Hulu was valued at $15 billion. Is that really? The number $27 billion is that by 2024, though. So it's in five years that they get for their stake. Or the value of the appraisal could have been even more. Yeah. Stay right there, folks. Tell me how I come right back. Hi, folks. Tom O'Brien here. If you'd like to get my daily newsletter of Market Insights, then now is a great time to sign up for a 30-day free trial. Every morning by 9.30, I send out my morning letter to subscribers with Market Commentary on a variety of markets, currencies, and commodities to keep investors up-to-date on the day's trading action. Included in Market Insights are specific buy-and-sell recommendations for stocks, ETFs, and even options, which stops and price targets included for every trade in my newsletter. If you'd like to try my newsletter risk-free for 30 days, then head over to the front page of TFNN and you'll find Market Insights under Trading Newsletters. I use my years of trading experience to bisect and dissect the market every morning and give my subscribers the most important information they need to know for the day ahead. I even issue afternoon updates for my subscribers whenever warranted with important market action. I'm always scouring the market for the next great trading opportunity. 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The Art of Timing the Trade Chart is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now, we're offering licenses available at 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 Chart today by visiting tfnn.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com. Hi, folks. The king, Amazon out here. This is gonna be... So Amazon's gonna give employees $10,000 and three months' pay to set up their own delivery firm to help fulfill its one-day shipping promise. The roads are just gonna be Amazon vans pretty soon. And the Amersetys vans. I think you checked it out. I thought so. That's why you did a stylist. They did. So this is part of... Yeah, that's what I said. I said, didn't they already do that? So this is just for employees. They're offering the employees $10,000 in the equivalent of three months to start their own delivery business as part of its existing delivery service partner program since launching in June of 18, 200 small businesses have launched to deliver Amazon packages, growing network. And so, yeah, they're really cutting the middleman out, man. So they offer the current employees $10,000 in the equivalent of three months of their gross salary to set up that business. And they help them with getting the vans. Okay. And what's intriguing here is that the acceleration, this is for the one-day deal. The acceleration is going to be big. But one of the articles I read in Bloomberg also had said that Amazon is stating that they can make from $75,000 to $300,000. Okay. You make $300,000 running around the van, man. That's pretty intense. That's a great salary, for sure. Totally, man. Let's see what this one is. Oh, there it is right there. That's it. Yeah. Where is this from? So this is from May 4th of 19. I was just pulling this because this doesn't speak to the one we just did. This is the general one, basically, that they're hiring. Come on. Scroll down for me. Where are we? Too many ads loading. You have to start them with annual profits up to $300,000. Now, I wonder what, this is a marketing piece by Amazon as well, up to $300,000. I wonder what percentage of people really are earning over $200,000 to $300,000. Oh, okay. Hold it. The annual profit is up to 40 vehicles. Oh, my God. I wonder if the $300,000 is that you're going to need 40 vehicles a month? I imagine it so. That's why, you know, that's a number that's... That's pretty intense. Yeah. That would make more sense, right? Yeah. Because Amazon's margins are small, so tiny. It's like, you know... You've got to be delivering a lot of packages, right? You've got to be delivering. Oh, there it is. Amazon branded Mercedes-Benz Sprinter vans. Sprinter vans. Yeah. The program's office package of incentives such as discounts on the van, branded uniforms, rental program, comprehensive insurance, coverage and more. Yeah. The job involves managing a team of 40 to 100 employees in a fleet of up to 40 vans. Okay. So, 40 vans... There you go. Revenues of a million to 4.5 million. So, you've got to pull in 4.5 million in revenue to get to that $300,000. Wow. That's a tight profit, man. That's quite an operation managing 40 delivery vehicles. Seriously. Logistically, I'm sure. But, you know, maybe if you have Amazon helping you, logistically, they're the game. Oh, yeah. Now, jumping from them, right? Walmart. Did you see their news as well today? So, they are jumping in the delivery game as well. One-day shipping on many items. Yeah. And they have so many stores. They should be able to do that. I thought this is where you were going to go. I accidentally brought up Amazon just because this could be a big deal. So, they're rolling out next-day delivery service to counter Amazon's recent move for their one-day shipping. So, starting today, Walmart customers in Phoenix and Las Vegas, who buy at least 35 bucks of goods, will get a free one-day shipping. The offer, which Walmart hinted was in the works, will be applied to as many as 220,000 items and extend to South California in the coming days and reach out to about three-quarters of the U.S. by the end of the year. That's a big one. Unlike Amazon, which will spend $800 million to this quarter to reduce delivery times, Walmart's added shift will actually cost the company less. This is an interesting one. Since the items typically will come in just one box from a single warehouse that's closest to the customer, keeping a tight lid on expenses is paramount. So, it's less because you don't got to go to the store and then go to the customer, which is the Walmart model, basically. So, it's actually going to save. The operation is forecast to lose more this year than it did in 2018. So, this is going to be really intriguing how we end up shopping just in general. I think that spoke to the domestic e-commerce business. That's what they're talking about. It's just going to lose a little bit more than it did last year. They're trying to spend money, or you know what I mean? Oh, you'd have to, right? Yeah. Thankfully, they have plenty of profits in their brick-and-mortar stores to support some losses in the domestic e-commerce. So, anytime someone shops next day, it's guaranteed to cost us a lot less. That's Walmart's e-commerce chief. We're not paying the carriers anymore. That's in contrast to online orders that come in multiple boxes from multiple locations. We can be quite costly. So, there's streamlining that operation as well. And let's see how they're trading. Yeah. So, pretty muted in fairness, because I think that's a big deal. That's just a consumer. Fundamentally, that's what you have to have to be able to compete. Oh, yeah? Yeah. Yeah. What's going to be intriguing here is to see what happens. You know, I guess Walmart, there are a lot of them around here as standalone stores. But imagine you have an inside of mall in your next door Walmart. Is that going to slow down, you know, the traffic inside the mall? You mean with people not going to Walmart? Yeah. No, not going to Walmart for other stores. Right. Walmart's going to... Yeah. Right. You know what I mean? It's like you always like to be next to big stores if you're a smaller business. Yes. And that's... Yeah. Everything is... I'm sure. I'm sure. Yeah. Totally. Totally. Yep. Let's take a look at some of the higher volume... Well, actually, let's go look at the higher volume equities first. We almost made it down that list. Yeah. That's still trading 10 bucks. That's up 15 cents. Facebook is down 96. You got Roku. That's one that's hanging tough in a big way, man. Definitely. You know, that was even up when the market was down, right? That's... Let me just look at this list because I think this is like one of the only equities that really didn't get hit. Yeah. Right. So it went down yesterday. It went from 84 to 78. That's it. Yeah. And I guess, you know, what Hulu is getting valued at, you can see... Well, let me just see what that... the market cap is about. No. So they're much different companies, though. Hulu is a content company. Okay. Yeah. So it's valued at 9 billion. I mean, Hulu is a Netflix. So whereas Roku isn't a box, like an Apple TV style. You get Disney's up, Coke's up, Facebook... Let's see where Facebook is running. So it's down slightly. Facebook looks like it's making its way down to this 171. And then if it does that, that gap is wide open at 150. Now, what's app news? Yeah. They're so crazy. I just... When I went to China, that's the first time I downloaded that app. Okay. Yeah. And that's, of course, the Facebook-owned property. Oh, is it? Oh, yes. He told me that. That's right. So they always talk about end-to-end encryption. And there's just an article talking about how that's really not the case at all. The discovery that hackers could snoop should alert users of supposedly secure messaging apps to an uncomfortable truth. End-to-end encryption sounds nice, but if anyone can get into your phone's operating system, they'll be able to read your messages without having to decrypt them. So it was a Financial Times article Tuesday. So a little bit ahead of us on Tuesday, of course. The spyware that exploited the vulnerability was Pegasus made by an Israeli company, NSO, and it could access the phone's camera, microphone, open messages, capture what appears on the user screen, and log keystrokes rendering encryption pointless. And it all works on operating systems, including iOS, Android, and Microsoft's really used mobile version of Windows. So they say that, yeah, the cybersecurity community's known about it for years, and activists have been talking about it because it can be used against, you know, political dissidents, journalists. They say that they don't sell it on savory regimes, and it's disabled in the U.S., but, you know, pretty eerie. Yeah, but they're courting, yeah. So nonetheless, be aware. So Pegasus, I see. So that's the software you need to... We'll finish this, because... Stay right there. Tommy and I come right back. If you are in the CD market and looking for a secure investment, the Tiger First mortgage program may work for you. The security for these first mortgages are building lots in the Tax Opportunity Zone in St. Petersburg, Florida. 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An investor should consider the investment objectives, risks, charges and expenses of the Direction Chairs carefully before investing. The Prospectus and Summary Prospectus contain this and other information about Direction Chairs. To obtain a Prospectus or Summary Prospectus, visit Direction Chairs 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, Four Side Fund Services, LLC. Visit Direction Investments.com and hit watch Tiger TV for the latest market information. About 213 Nasdaqs of 81, S&Ps are up 31 and we were talking with Paul from Henderson yesterday about cryptos and these things are on fire, man. Sure is, over 8,041, not bad. 12 days. Let's see what happens. So look at this folks, this is like crazy. 12 days we went from 48, 83. 8,000 right now, 8,300. Wow, seriously. And now, watch this, you know, first fidelity was getting into the mix and now, I'm looking for the FDIC insurance. Yeah, I don't see it up there. So what you're going to have inside crypto folks, this is pretty cool, is that you're going to actually be able to get FDIC insurance if you buy this off, let's see. If you see it, let me know. There's a bank that's getting involved in it. And that would be just amazing because that means that you can't lose. Well, you can't lose for 250 grand. That's how that works. FDIC insurance is 250 grand. It's the cash part of their account, right? That's it. That would be, let's say that if you have the bank and I have crypto and it's 250 grand, right? I read the article, we should pull it up, I'd say, because the one thing I was alarmed by is it said that it qualified for the cash aspect of the account. Only the cash aspect? Oh, not the crypto. No, we'll get the article out. Interesting. Because it made a distinct point to make that point. I see, okay. So that's a problem. I see, okay. So that doesn't mean still someone steals the crypto because that's the big deal, man. Fidelity is getting really aggressive in all the markets because there's another story out here this morning that Fidelity in the next three or four weeks is not doing business anymore with Goldman Sachs. Right now, they have Goldman Sachs as a contract with Fidelity that all the shot-selling, when they're lending shares, Goldman does it, Goldman's the middleman. I saw that, yeah. And so what's going to happen is that Fidelity is going to be their own deal, yeah. So Fidelity's cutting out the middleman Goldman Sachs when dealing with Wall Street shot-sellers, the money manager's bringing stock lending business in-house according to a March 29th regulatory filing. Instead of paying Goldman Sachs to run it according to the filing, the bank received, listen to this number, the bank received 10% of its revenues generated by Fidelity lending primarily from firms that borrow stocks to... Isn't that amazing? Yeah, it is. So is that saying that Goldman received 10% of its revenue from Fidelity? I believe so. So let's look at Goldman. This is lots and sense, man. 10% of its revenue. I knew there was money in lending stock, but I never knew there was that much money. So Goldman takes in $3.5 billion. So they're saying $350 million... $3.5 billion of what? No, $35 billion. So $3.5 billion would be... A year. That's pretty intense. Yeah, notice. I mean, they're dealing with $2.7 trillion worth of assets. And so $3 billion on $3 trillion. I had staggering numbers across the board. So jumping back, we didn't get a chance to finish. What article are we on here? For Facebook, for the WhatsApp. Right, we were talking about this hacking program, Pegasus. So where... We scrolled around a little bit, didn't we? I had the point. It can... We lost where? Okay, you can just call the phone, unfortunately, we scrolled around. Did you see where we were? Yeah, we'll get it. Okay, so what's happened with this Pegasus? Okay, it was previously assumed that for Pegasus to work, he and his victim had to click on the... Yeah, a phishing link. We're all familiar with... To install the malware. But according to a brief technical description of the hack posted on WhatsApp on Facebook, it now appears that hackers can install the malware simply by calling the tiger. That's pretty remarkable. You know, this isn't the first one. The ability of this kind to be discovered in a supposedly secure message to NAP last year. Argentina's security wrote about a flaw in Signal, a NAP favored by Edward Snowden. In this case, a hacker could send a specifically crafted Internet Mess Signal address... Internet address in a Signal message, and it would download the malware. It's important to realize, however, that spyware that can install itself without any action, without any action on the user's part, can arrive to any channel, be it encrypted message, a browser, an email, or SMS client or even undiscovered vulnerability allowing such a text. Yeah, SMS being texts. Yeah. Yeah. So, yeah, it's really interesting. What it doesn't say here, that's what we're trying to figure out. So, if you get a text, you have to text it back. Yeah, you have to do anything, right? You have to do anything. And you may not. Right. Yeah. You know, these are merely applications running on top of the operating system, and once a piece of malware gets into the ladder, it can control the device in a multiple ways. Oh, my God. Yeah. So, it has a keylogger. It can see one side of the conversation. Add the ability to capture user screen. They can see the full discussion, regardless of what security precautions are built into the app you're using. So, you're kind of in there ahead of the safety of the app. Yeah. Because it's got control, or it can see everything in the operating system. So, you see these end-to-end encryption. You think, oh, that's great. Well, it's not so much, right? Imagine these hackers, folks, just folks that actually understand that much about it, just must be like, this is just an open book, man. And so, this is where it gets interesting. I'm not familiar with this Israeli firm. So, the WhatsApp episode is likely to increase the backlash against NSO, and the export license it has from the Israeli government to sell Pegasus, which is what we're talking about here. So, if they stop developing being the malware, others will take its place, of course. There's always going to be another one, but pretty remarkable. They're publicly, it's known that they sell this software. Right. And they just say, don't worry, we say, we don't sell it to anybody that shouldn't have it. Well, that's a tough one to police, even if you're trying your hardest, let alone. That's right. Because what has happened in the past is that when the Arab uprising and all this, these governments had Pegasus. That's not what they're talking about, the whole ball of wax. No doubt, it's a brave new world, and it's all about gathering information and feeding it into that big computer. One big computer at all. And see what spits out. Yeah. 877-927-6648. Let's go take a look at the Euro and see if this thing is getting its head up. No, it's still not getting its head up, man. I mean, we've been down at these levels for quite some time. You know, it's over the 111-77, but just barely. We hit 112.04 today. You know, as you can see, this hasn't broken its downtrend yet. Yeah. The... Let's go to the pound. So the pound's at 129.18. That hasn't either. Yeah. That's... That looks like it. It's the ones that went 128-668. Down, Dow Industries right now trading up 1 in the 90. Nasdaq is up 70. S&P's are up 27. We look percentage-wise out here, folks. What do you have here? The Dow Industries up 7-tenths. Nasdaq up 9-tenths. S&P's up 8-tenths. I'm back in my bag. 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, and for the last 12 months, Timer Digest has been 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 TFNN.com and get immediate access to workshops where I take you step-by-step how to use an extraordinary set of tools as well as provide great market calls to. Sign up today. It's amazing to think that Tom O'Brien started his weekly gold report 17 years ago with the first issue published April 7th, 2002 when gold was trading at under $300 per ounce. Gold peaked at more than $1,900 in 2011, and after spending many years consolidating at lower prices, gold may be poised for its next big run. Tom O'Brien publishes his weekly gold report every Monday morning for subscribers, consisting of coverage of the XAU, HUI, GDX, The Dollar, Bonds, South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. As of April 1st of this year, the gold report currently has eight active positions with an average, unrealized profit of almost 8% for each open trade. New subscribers get a 30-day, money-back guarantee so you have nothing to risk. For all the details and to start your gold report subscription today, visit the front page of TFNN.com. Don't let gold's next big run pass you by. Sign up today. Since 1984, Basil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion. While originally hand-drawing charts from the late 1970s into the 1980s, Basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply. Later, Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls. Thus was born the Chapman Wave sequence. Using the Chapman Wave methodology along with other indicators, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now, you can get a two-week free trial to the opening call, Basil's daily trading newsletter, by 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 of the opening call today by visiting TFNN.com. For more information, just click the Think or Swim banner on the front page of TFNN.com. Folks, Dow. Dow's up 182 Nasdaq's up 68. S&P's up 27. If we go into the Dow, take a look at the strength versus the weakness out here. Point-wise, you've got Boeing putting 34 points in. Visa putting 21. Disney 14 taking away from it. United Health 10. If we go to Boeing for a second, there was a pushback yesterday with American Airlines pilots on the type of training that Boeing is putting out right now on the 737 MAX. Okay. Here we go. There we go. Pilot pushback on MAX training plan, we need more. So there was a draft version of Boeing's proposed training update for its grounded 737 MAX and it's pretty adequate, according to American Airlines group pilots who saw the plan. Both the content and production quality of the core computer-based training needs more work. An American captain and spokesman for the Allied Pilots Association said yesterday some optional supplemental instructions and videos were better. They better get on top of it. That's an intense statement. How about you do better than necessary instead of hoping that you get that? No, totally, man. So they say they're developing a course to accompany a software update for a system known as MCAS which has been implicated in two crashes, killed 346 people. And you know, when you're looking at a trust issue, I'd, you know, if I'm going to take a word, I'd take this guy's word that's a pilot. Definitely. It's like, you know... And I always talk about it, bias is conflicts of interest, right? They have to spend more to do that, okay? This pilot, his only conflict of interest is making sure that nobody dies. And he's biased in that degree, right? Well, yeah. Well, I want that bias to win out, exactly. Exactly. So there were areas of the core MCAS computer lesson that we nodded our head in affirmation, but there are others where we shook our heads that's not going to do. We need more. Thanks, folks. We got a fast market coming up next. That man is the Bowser Chapman. Steve Rhodes, Dave White, be back this afternoon. Thanks, pal. Thanks, man. Yeah! Go get him, folks.