 The following is a presentation of TFNN. The Trader's Edge with Steve Rhodes at 1-877-927-6648 or internationally at 727-873-7618. The Trader's Edge. Now, Steve Rhodes. Hey, how y'all doing? My name is Jacob Shoup. I'm filling in for Steve Rhodes today. We have the Dow up 345 points. We have the Nasdaq up 208. And we have the S&P 500 up 50.15. It's a pretty good day for the indices. Usually when I fill in, I start with one of Tom's quotes, but in the wake of the passing of Queen Elizabeth, I want to share a quote that she had when she rose to power. And it says, For all of you that my whole life, whether it be long or short, shall be devoted to your service. And I think that's a really wide scale applicable thing for all of us today. I think in today's modern world, it's very easy to be cynical. I think it's easy to kind of just focus on what we want. So I think that trying to apply something like that, serving others as well is a really positive thing. We can all take after her on that. My email is Jacob at TFNN.com. If you have any questions, and our phone number is 877-927-6648. So today we have a few things that are going on. I want to talk about Tesla. They're starting a new lithium mining process in Nevada. They purchased 10,000 acres. Robinhood has released a new investor index. This index captures how their customers are investing. It's the top 100 stocks that are purchased on that platform. Maybe we can get a little bit into quantum computing. And then also India and China have developed new nasal code vaccines that they believe are very effective and are just about to go into phase three trials. Some quicker news. The Evergrande crisis going on in China has deepened surprisingly enough. The lender seized the headquarters. China State firm takes over Evergrande's holding in the Shangjing Bank. And this was purchased at a discount of $1.05 billion versus the value of $1.1 billion. Currently Evergrande is still saddled with $300 billion in liabilities. So let's go quickly to Robinhood. So as I said earlier, they've released a new index. Let's take a look over here. They've released a new index of their top 100 stocks that their customers invest in. This is actually pretty interesting. I laughed audibly when I saw this chart here. This is the Robinhood investor index compared to the NASDAQ. Now, of course, this time span is very short. So I'd love to see how this performed prior. But this is a good piece of marketing on their end. They have huge holdings in Tesla, expanding to Ford and NIO regarding energy, excuse me, electrical vehicles. Their other large holdings are Microsoft, Apple, Amazon, consistently the top holdings. Investors in Robinhood lean towards large cap stocks with about 75% large cap, something about 15% mid cap and 9% in small cap. And surprisingly, it actually is highly diversified. I know it's easy to kind of poke fun of, you know, these kind of reddit hedge funds essentially, right? Like Wall Street bets or these kind of just newer investors that entered the arena in 2020. But it seems like these guys have some semblance of knowledge. And so we'll see what goes on with there. Excuse me with that. What else is new and smaller news? Kroger does a $1 billion stock buyback, it's going to be interesting to see how that pans out. And then YouTube, which is owned by Google, they actually, one of the really big things that the younger generations use Google for and kind of one of the big, you know, driving points is you can learn anything from it, right? There are so many educational programs. Some of the most prevailing comments on all of these are, wow, if you were my teacher in high school and college, I would have loved this more. You know, that's a valid statement, I'm sure, for a lot of people. So Google is going to try to tap into that and they are starting a new school video service. It's kind of interesting. Some of these new novel ideas we have here in the States are ones that have been tried many times for a while. Something that this reminds me of is in Korea where they have English courses. What it is is these massive online language courses. You pay to be a part of it. A lot of it is really what is dubbed infotainment. So, you know, you get knowledge, you get educated, but it's also something entertaining to watch. In today's world, with everything so fast-paced and entertainment on demand, it's important for educators to be able to tap into that and utilize that to their benefit, whether that's for good or bad. So we'll see how that pans out. Obviously, massive. Getting into the education sector would be huge for them. Regarding Tesla, so they have purchased 10,000 acres in Nevada in order to extract lithium. What I was looking at today, and we'll go through this when we get back from the break, is really the complex process that's involved in getting lithium from whatever the base source is. Tesla says Elon, in particular, has released a new patent on a novel extraction process. Elon, in his usual fashion, says that this is a license to print money. Sure, we'll see, but based on the patent and how the process goes, they're suggesting that it could save up to 30% in the lithium mining process. This would be huge in our competitive advantage against countries like China, against countries like Saudi Arabia. This obviously already blows the Andean countries out of the water, Chile, Argentina. They will not be able to compete. They have a far less efficient, although traditional, structure. Since we have a little bit in the break, we can kind of delve into it initially. This is going to be an acid-free saline extraction, which essentially is just using table salt. In part of the process, totally novel. The majority of our commercial lithium today extracts lithium from underground brine reserves. So there is this salt solution below the earth. What they do is they'll pump it up and they bring it into these things called salars. I'm sure you've all seen these pools before. Let's see. I'll have to bring it up after the break. There are these large pools that exist. They cover the entire landscape. They're not pretty at all. But the idea behind that is that you essentially do an evaporation process. So as the evaporation process occurs, hydrated lime is added to the brine and this precipitates all these unwanted elements. This is always the major issue in extracting any kind of specific resource from the ground. Everything is a nice patchwork of multiple minerals. In order to do this through the evaporation process, they have to add lime to the brine to precipitate unwanted elements. After the evaporation, excuse me, once the precipitation has occurred, the brine solution is at a certain level of lithium. And when we get back, we can go deeper and I promise I won't bore you with this, especially after the comment on infotainment. But I think it's worth knowing because this is definitely a big push in the future. And as I said last time, governments are pushing for this as well. This is Jacob with TFNN and we will be right back. Inflation, we are purchasing powers eroded. There's no better place to protect your harder and money-thinning gold. This, the gold's flagship asset is the Monk Todd Gold Project in the Northern Territory of Australia. This is Australia's largest undeveloped gold project. We are talking a world-class gold project in the T1 mining district. This is a large-scale, low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction. This, the gold just completed the Monk Todd Feasibility Study, which resulted in a 7 million-ounce gold reserve in a 16-year mine life. All of this combined with the approvals of all major operational as well as environmental permits. This distinguishes Monk Todd as an attractive, dearest partner, ready-development state gold project. This, the gold trades on the New York Stock Exchange under the symbol VGZ. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks and commodities, subscribe to the Opening Call newsletter at tfnn.com. The Opening Call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the Opening Call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. tfnn.com Educating investors. Steve Rhodes started his trading career as a student almost 20 years ago, and the student has now become the master. Steve won the prestigious Timer of the Year award in 2018 and barely missed that mark again in 2019, finishing at number two for the year. An amazing accomplishment. Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn, and he shares his vast amount of trading knowledge every day in his Mastering Probability newsletter. Steve's award-winning newsletter, Mastering Probability, is delivered every trading day with updates throughout the afternoon. Sign up for Steve's Market newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At tfnn.com, all our newsletters come with a 30-day money-back guarantee, so you have absolutely nothing to worry about. Visit tfnn.com and try Mastering Probability 30 days risk-free today. tfnn. Educating investors. Toll-free at 1-877-927-6648. Internationally at 727-873-7618. Welcome back, folks. So I was looking in the den during the break, and Jimmy D says, just like solar and wind before it, the fascination in investor, trader, allure and EV is way ahead of application in reality on a broad scale. There will be pockets, perhaps even years of disappointment on the road to EV promised land. And that is entirely true. We definitely in this new millennium have a lot of hype surrounding these kind of technologies of the future. And the internet is wrought with people promising new technologies to be out by some certain point. And if you really take an honest look at it, they're just not there yet. I think what's different with things like EVs, while there are massive efficiency issues regarding, you know, size of batteries compared to the same weight of like petroleum or something like that, what's different, at least in some context, is that we have these governments really pushing for it. This is not just the private sector trying to bring something to the market. There are major incentives and pushes by global governments around the world to get these out. And certainly, I, you know, to say that we'll all be driving electric vehicles by 2035 and be off something like petroleum is probably not true. However, I think pushing for this, we'll make larger leaps in progress in this technology than we would if we had no kind of government incentive to do so. So going back to this, just to kind of recap what Tesla's doing and why I really think you should watch Tesla during this time, these processes to extract the lithium is difficult. Obviously, the evaporation pool is, you're depending on natural processes, essentially, right to evaporate out. You have to treat it a bunch. This is a very slow process. It's not expensive, but it's very inefficient. The next way we have it is hard rock extraction. And this is where everyone's kind of looking at right now, especially in America, so places like Tennessee, places like Nevada, Texas on the Gulf Coast. These guys are going to be doing hard rock extraction of it. Again, you have the same issues. This lithium is mixed in with so many other kind of elements. And how do you get it? The way that we have it now, you have to take the hard rock, you have to crush it, you have to run it through, you have to wash it. Continually, you have to mix it with sulfuric acid to precipitate a certain element. These are extraordinarily difficult processes, and you don't get a lot of lithium out of it. What Elon Musk wants to do is during the milling process, you heat mill it, he wants to add just sodium chloride, just general table salt. This does add some kind of ion or cation to it. And essentially what you get is a material, a starting material that has a far higher content of lithium in it. Now the process from there out is expected to be relatively the same. The patent just kind of goes into this one part of the process. But this is really huge. It's a novel way to solve this problem. It doesn't seem like anybody else is doing it. They're using clay, so I mean this is not a deep mining kind of operation. And this could really in some ways make us more competitive than we would have been prior. So I think it's really interesting to do this. What else can we look at today? Another thing to look at regarding that is Lithium Americas is huge right now regarding this mining process. Let's see. So I think one thing we can get into, certainly on the same topic as hyped technology coming to you soon is quantum computing. Okay, so we have companies like IBM, Microsoft, Google, Alibaba, I mean you name it, these big tech companies are trying to get into quantum computing. And I think that this is kind of an arcane subject for a lot of people and I'm sure unless you are a quantum physicist, if you're just a layman, the complete intricacies of it are probably esoteric as well. But the idea behind quantum computing, which is being touted as the future of computing, is they use subatomic particles, okay? So these are like your electrons or your photons and they're going to put these things, they're going to put these in, on the quantum level you have this concept called superposition, right? So if we look at it in a binary sense, right? You're one and you're zero, zero being off, one being on. In the, I suppose, the higher physical world you can only have one position, right? You're either on or you're off. The idea is that with superposition in the quantum context is it's not determined whether or not that is on or off, it needs to be observed for it to, however it does exist in a superposition, right? It's not just theoretical, it truly does. And the reality of it, whether it is on or off, is determined once it is observed. So the idea of, they want to exploit this concept in order to create these vast, vast computational networks, okay? And the idea is that you can apply this to problems, essentially, right? And it will solve problems more quickly than our traditional computers would. This would be used in things such as, excuse me, like for genomic testing, for diseases, this will be used for things like AI systems. It'll be used for things like just, let's see what we can get here. Financial institutions can use these for security purposes, even something as simple as your daily car processing. The processing that your car's computer does can greatly benefit from something like this. We have financial institutions be able to use quantum computing to design more effective and efficient investment portfolios, which is very interesting. For retail and institutional clients, they could focus on creating better trading simulators. And the big thing is improving fraud detection. We have a grave lack of computer cybersecurity people in this country. We are hit constantly every day. I actually have a family member who in the past worked for a bank doing, excuse me, doing cybersecurity. And he said it was a constant mirage from state actors, essentially, to get into our financial institution. We have something like a 2 million unit deficit in people in labor for cybersecurity, so much so that entry-level positions pay an enormous amount. Having tools like quantum computing that can be better at detecting these kind of breaches and, in fact, even encrypting would be huge. Another big thing with this is the healthcare industry using quantum computing to develop new drugs and genetically targeted medical care. It can also power more advanced DNA research. And this is really the, in my opinion, the future of healthcare, okay? It is, we could get to a point where we have designed drugs for the individual based off of your genomic sequence. Really interesting. We can talk about that a little more when we come back, but these are things you have to be looking at. Then we can also talk about, in the same vein as Jimmy and the den, why this is probably a little bit further off than we think. We will be right back, folks. Again, our number is 877-927-6648. You can message me in the den or on YouTube. We'll be right back. Every Monday morning I publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To see for yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting tfnn.com. Don't miss out on the next great gold trade. Sign up today. TFNN is excited about our new software charting program, The Art of Timing the Trade Charts. In collaboration with Tom O'Brien and using his best-selling book, The Art of Timing the Trade, Your Ultimate Trading Mastery System, David White has programmed an outstanding piece of software that will complement any trader's methodology. Using this first-of-its-kind program, The Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci formation setups, including guardleafs, ABCs, butterflies, and much more. The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks 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. 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 instruction from experts. At TFNN, you'll get advice and guidance from the authority in technical market analysis. And it's not just dry, tedious text, either. TFNN airs live financial content streamed live on tfnn.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free! Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. 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. Is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com Welcome back, folks. So someone was looking at Zhenfeng Company, which is a Chinese lithium manufacturer for electric batteries in China. Look here. A lot of these lithium companies got kind of hammered the beginning of this year and even halfway through the year. I don't know much about this company. I don't look into Chinese companies too much at all. So I wouldn't want to give any suggestion of what I would do with this kind of company. I know from their fundamentals that they have good cash reserves and profit margins. And I do know that the government of China itself is making a massive, massive push for EV. That'll probably be their next big boom regarding their economy. So we should see how that goes. A lot of the Chinese companies, too, get into weird legal waters as well. So it's kind of hard. A more stabilization in kind of how the politics work over there would be more beneficial for investors outside of the nation. However, China's obviously a superpower regarding its economy. So, you know, taking a look at Chinese stocks, I think is important, especially in the EV sector. I have a Chinese friend who's in the financial business as well. And he is die-hard for all of those companies. I'm sure there's a little bit of a bias there, too, but he's a very intelligent guy, so. All right, some of the last things, I guess, on quantum computing before we can go on. People who have worked on it for companies like Google suggest that we are kind of far off from all of it, which, you know, it makes sense. These, again, what we have is usually, like, huge hypes followed by actual applications to it. We have something called decoherence, or DK, in quantum. Well, just in the quantum realm itself. Any kind of, and really any kind of distribution of information of data from one source to another. This is caused by, like, three slight disturbances in the environment itself that can cause the whole computational network to kind of collapse on itself. The way that computers usually work is you have, when you connect cables into something even like Wi-Fi, you're sending light through it, right? And this light is sent in a pulsed way in such a way that it conveys information. That information is in a binary sense and then is translated by your computer. Of course, it gets very complex when you get to, like, all these kind of interfaces and stuff that we have now. That's generally how it works. So quantum computing isn't as reliable regarding that. It certainly is more powerful, but this is a big issue they have to figure out, just transmitting the information and having it not go down, you know, ten lines as if you're playing the telephone game or something like that. Additional issues with it currently is error correction during the computing stage has not been perfected. This makes computations potentially unreliable, which if you're using it for things like drug design or military purposes or aerospace engineering, obviously is an extraordinary issue. Another issue with it, again, this is kind of along the lines of data decay with it and data corruption. As it's retrieving computational results, can corrupt the data itself. Developments such as particular database search algorithms that ensure the act of measurement will cause a quantum state to decohere and the correct answer hold promises, it said in the article. Again, I think this is a problem they're cognizant of. They just need to keep going with it. And the biggest benefit, in my opinion, beyond the drug design and genomic testing is the cryptography capabilities of quantum computing is not there yet. It's just not there yet. They also need to have almost zero atmospheric pressure. So, you know, I don't know if that means they have to place these servers in higher altitudes. I mean, I don't know, that sounds silly, but that's kind of what's going on with it. And they need temperatures of absolute zero or near absolute zero to function properly. So the idea of having quantum computing in your home by 2030 is not going to happen. However, again, as I said, there's concerted efforts by some of the largest corporations, multinational corporations that we have going into this. This could be huge for AI. The AI is really massive and I think we will actually see that rolling out far sooner than people anticipate. There have been, not to make the pun, quantum leaps in it recently. You have that guy from Google working on the Lambda bot who said that the bot was sentient. It's not. There's no, I actually, I took a little bit of time the other week because I had nothing going on to sit down and like work with these just chatbots essentially and see how it operated. And they are very good at being able to answer your questions. It's clearly that you're not having a real conversation with any kind of sentient thing. If you look at Tesla's AI bot, the first suggestion they have for the chat is ask me where to get my favorite ice cream. Right? So this is going to be used for broad scale commercial purposes. You know, search functions. If you have an issue with something you can call, the AI will answer. And they actually are quite good in that way, but having a Skynet buddy is not really in the cards for the time being. And I think the largest neural network they have is only about a little over a million neurons in Manchester, UK. The human brain has trillions of them. So it's just not there yet. So we don't need to it's not Terminator yet like that. But I think it's important to really look at these companies that are providing servers for the AIs. Because I think this is another big leap forward just in the realm of service, which obviously is massive in developed countries and continues to grow in developing countries themselves. Another interesting thing we have today is the nasal COVID vaccine. So when I would get you know, as a child, when I would get flu shots, I would always opt for the nasal ones. I just thought they were easier. They were less invasive obviously. And I had wondered consistently why there are not nasal equivalents excuse me, not nasal equivalents for the COVID vaccine currently. So India and China, so apparently Russia initially had been working to get their Sputnik vaccine aerosolized and I know that Iran out of all places had actually developed one a little while ago. But it seems that India and China's nasal vaccines are massive. So China's is aerosolized, right? You run it through something called a nebulizer and it just essentially adds air particulates into it and it becomes a mist. So that is very similar to the flu vaccine, nasal flu vaccines that we have in America. India's is a drip vaccine. I'm not sure why you would opt for one of the other. I know that regarding mucosolar vaccines that aerosolized is more of a standard, but regardless it seems like the efficacy is the same. When we get back we can go a little bit more into the companies that are developing these kind of how they work and why some people believe these are actually more effective than just the injection shots alone. It's very interesting. Let's see what we got here. I will say too that this paper that I have regarding these vaccines is from nature. So it's a good source on it. Of course these vaccines are only in Phase 2 trials so they're not Phase 3 which means that they won't be rolled out immediately but it seems that there's really good promise on these. So we can hit that when we get back. Again, give me a call at 877-927-6648 message me in the den, message me in YouTube my email is Jacob at fnn.com. We'll be right back folks. fnn.com The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First time subscribers also get a 30 day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. tfnn.com Educating investors. The technology around us is changing every day. With so much happening, it can seem impossible to keep up with all the information. David White's investment newsletter, the technology insider, is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future. David White has made his living staying on the cutting edge of technology. His weekly newsletter will give you specific new tech stocks as well as entry prices, target prices and stops to set for each trade. Dave delivers his weekly newsletters every Friday with updates throughout the week. You can get the technology insider at tfnn.com for only $37.50. Sign up for David's newsletter, the technology insider and get an inside look at everything the technology sector has to offer. Try it risk free today with our 30 day money back guarantee. tfnn. that's what our technology insider is looking for. We're looking for a way to make sure that you're not getting investors. Are China A shares hot or not? If you trade China A shares, now may be time to take a closer look. Trade CHAU or CHAD Direction's Daily CSI 300 China A share bull and bear ETFs. China A shares in either direction. Visit DirectionInvestments.com 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, Four Side Fund Services, LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back folks. Okay, so just to kind of wrap up what's going on with these nasal COVID vaccines. According to the journal Nature, the idea is that you are delivering the vaccine right in the mucosal area, which is where the virus itself starts in. According to them, in theory this could prevent even mild cases and totally block transmission, which is actually really the absolute standard. It's called sterilizing immunity. So China's vaccine is developed by a company called Cancino Biologics. I don't know really what to make of this chart whatsoever. Some of these kind of like budding pharmaceutical, excuse me, biotech companies can obviously act a little strange. So we have this going on, but it is developed by Cancino. This does have backing by the Chinese government themselves. It contains the same ingredient as the initial vaccine. Obviously they took it through a mixture, aerosolized it, and the Health Department of China is suggesting that this is actually a very good booster in addition to the other shots as well. Data from the phase two study found that when the inhaled vaccine was given as a booster, the vaccine raised the blood serum levels significantly more than the injection booster, suggesting that protection is good or better than provided by just the shot alone. India, using the drip technology for it, is developed by Bharat Biotech. I'm not sure if these guys are listed. Let me see here. I'm not sure these guys are listed, but they have a lot of stuff moving too, and they're using the same kind of mixture that they use in their shots. Now, India is actually using this as the, excuse me, this is being touted and would be used by India as the primary method of inoculation. Something that's interesting, a little bit of history with it, the first mass inoculation that ever occurred, at least in recorded history, was actually at Valley Forge, during when the Continental Army was huddling there for the winter time. The disease ran through the ranks and it actually looks like it might spell the end for the Continental Army and their efforts against the British Crown. It's said that the slaves at that time had a method of inoculating themselves that they brought over from Africa, and this is a, obviously a crude form of it. What would happen is they would take, you know, they would take either the blood or some of the pustule from the disease and then they would make small incisions on the healthy people and apply that to the body, and obviously that is a very pure form of inoculation, right, because you're getting the disease in, in a small form, and the body can create antibodies against that. So, Washington used this concept and applied it, and the Continental Army was able to make it through the winter and then go on to win the war. I think that's pretty neat history. Yes, I did read that at the Valley Forge Museum in January. Both vaccines use a viral vector. This is essentially using a virus to transmit the information that's needed. The main vehicle for these are something called adenoviruses. These are non-harmful to humans, and again, as I said earlier, the pinnacle of immunity from inoculation is sterilizing immunity, and this means that the vaccine itself stops total transmission and prevents even mild illnesses when the disease is introduced. Some other cool things happening. I know we were talking about chips last time. It says chip delivery time shrank in August, but some of the shortages drag on. This is obviously good news. This might be nice to have this starting to ramp up, especially in a time where prices are so high due to supply, lack of supply, and extreme demand. It says chip delivery time shrank again in August. A sign of the global shortage is easing further, but some types of semiconductors remain hard to find. Lead times, the gap between when a chip is ordered and when it is delivered, averaged 26.8 weeks in August. Really, everything that had chips in it was insane and insanely overpriced. I have some friends who are into gaming, and all of their higher-end materials for the computers were just not coming in, and they were spending thousands of dollars on these little pieces of technology. That was a day shorter than they were in the prior month, so not an immense difference, I suppose. The shorter wait times reflect slowing demand for some kinds of technologies, namely phones and personal computers, according to the Susquehanna analyst Chris Rowland. Parts of the market remain overheated with orders coming in too fast at the chip makers can't fill them. So I think with increasing or tighter monetary restrictions crushing demand and then an even slight increase or improvement in the supply chain could actually, obviously, be very beneficial for us. So what else do we have going on here? Morgan Stanley expects, this is more of an article, use these three percent, whatever, but Morgan Stanley expects the S&P 500 to plunge another 15 to 25% within the next four months. Now, they're saying that this recent increase or pivot away from this essentially week of down days is because the market has priced in the interest rate increases for this month. And so, while that's probably true, I would agree that this is probably not entirely over. I think the market so desperately wants to be bullish on everything. I mean, who doesn't want to be right? Everyone does very well when the economy just keeps going and the markets just keep, keep going up and we have green day after green day. However, I do think a bit of essentially kind of taking a sober look at it as much as everyone's portfolio has been hit that we are probably not fully out of this yet. And we'll see what happens in November if they stick with the consensus of a 0.5 basis point increase or they raise it to 0.75. I mean, we could legitimately see like a 4% Fed fund rate, which would be kind of devastating. But that's the point, essentially, right? Crush that. Take a look at the dollar. We have the dollar making some crazy moves. Let's see here. Let me just do a one month chart. Obviously, we peaked pretty high at 110. Again, did not bring a immense amount of selling pressure. Obviously, immediately we had a retrace, excuse me, not a retracement but a down. We're thinking we're going down to the 108 level here. We could see like 107 by the end of the day. This could be really good for the metal market if it persists at that price. But to be quite honest, I'm not sure. I mean, we could get any news at any time that this spikes us out or just trading in general. So, with the SPX up 1.27, the NDX up 1.8, Q's down 1.8 or up 1.81. So, this is a pretty good day we have going on the market. We'll probably see an increase. But yeah, take a look out because we might have another massive retracement back to the down level in the SPX. So, we will be right back again. We have a little bit of time left, 877-927-6648. Send me a message and we'll be right back. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. tfnn.com Educating investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up for the Fibonacci 24-7 newsletter at tfnn.com. When you subscribe you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to, and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. tfnn.com Educating investors. Sign up today and become a part of this educational community of traders. Just visit the front page of tfnn.com. In the den after the mention of that program by Washington, Saul also posted about pine beer, which is very interesting. Pine beer is like huge. This is something that's kind of been lost to us. Pine beer is huge in vitamin C, and they found out that obviously, well, you know, all the soldiers were getting scurvy, and so they would actually ration out large amounts of pine beer to every division or whatever grouping. And if they didn't ration out created already manufactured pine beer, they would also, they had to provide the equipment, which to make it. I always wanted to try it because I actually do make, I make mead in my house, which is like fermented like honey and water, probably one of the oldest alcohols. And when I read about pine beer, probably about a few years ago, I was immediately amazed by it. And I'm sure it probably tastes like pine. So maybe not so palatable, but it's interesting nonetheless. The video is up today, three straight days of gains on it. The video is doing something, what I was just mentioning with computer prices, excuse me, materials for computers being so expensive. Nvidia essentially is creating a or has created a throttled chip for their for gamers. So gamers are not having to compete with these massive manufacturers regarding the prices. I know Kathy Woods also bought something like 26,000 over the past few days. So that's that's interesting. She just keeps scooping up and scooping up through all of it. And you got it, you got to admire that resolve for sure. Oh, I actually forgot about that. I was at a restaurant a few days ago with one of my friends and actually saw her walking out and I was like, Oh, man, I like does not expect it. And my friend was like, what's going on with that? And so it's interesting just to see, you know, her walking around here sometimes. Solar is up huge today. I know we spoke about that last time. Let's get tan. Well, tans down a little bit. Let's see what else we have. Well, we do have a little bit of retracement, I suppose today. But this morning, it was it was doing pretty solidly. We'll see what goes on. I'm sure this is just a little bit of trading off and people unloading their shares. Everyone, thank you so much for joining me today. It was great to be back on again. I really enjoy it. And I enjoy talking with you guys. Stay tuned. We have Dave White, I think for the next few hours. And then we get the time of Brian show at 3pm. Thank you very much, guys. Have a great day.