 The following is a presentation of TFNN Trading Hour with your host, David White. Call now toll free at 1-877-927-6648 internationally at 727-445-1044. Now, David White. And welcome all to another exciting edition of the Power Trading Hour with me, your humble lovable and squeezibly soft host. As always, we'd like to come to you at this time. The following takes place between 2 p.m. and 3 p.m. So what do we have going on today? Well, we're up, is that right? Four? It's been bounced around here. Let me update this. Okay, we're up four points on the S&P cash after being down around 10 on the open. Dow's up 47 Nasdaq's up 10, Russell's up three. But again, I don't put a lot of long term into these days. Either options expiration or the two days that follow it with options at rollover. Of course, this is the most important rollover season of the year as it takes us all the way through Christmas. So as they start adding on the longer term options, 30, 60, 90 days, you know, I haven't looked at leaps in about five years. I wonder if they even still have them. Those were one year options, but I think those went the way of the dodo. I'll have to check on that. I don't think that they got so expensive that it was ridiculous and I never looked at them again. I think all the people that wrote them around 2007 and eight went bankrupt and that was probably, they may still exist. I do not know. I haven't looked. I did a lot of work over the weekend trying to come up with some kind of edge for this week's of trading and I got nothing. And that's not a bad thing. At least, you know, in fact, my models may be better at predicting flat spots in the market than anything else. But certainly right now, Monday and Tuesday, we got options rollover of today's up a little bit than 80% of the time tomorrow is going to be down a little bit. Wednesday is the first day we get moving. And of course, we've got fund buying that actually starts most of the time it would start on Friday. The pattern for funds have been, though, to wait and not buy into the weekends, but wait until Monday. I think this weekend will be just that. There is a fairly decent order of battle that says you don't go into a new operation on a moonlit night. And of course, so we get to this weekend, we get to the full or the new moon and if there's going to be any kind of military action normally going to be Friday, Saturday, Sunday, probably Sunday or Saturday night. And of course, if you got stealth aircraft, it's great that you can't be seen on radar. But if you're silhouetted against the moon and not such a great deal either. So we'll imagine or I will imagine that we will know by next Monday. And if nothing happens over the weekend, I suspect we're probably going to have a big relief rally in the market. And of course, that takes us into October anyway, fund buying. We got a lot of other stuff. But the legion of people that have been predicting the end of the world, not just markets moving higher and lower, but literally all kinds of gnashing and wailing of teeth may have not gotten that quote correct. I don't see in the charts, of course, charts only show what everybody knows. They don't show what people don't know. Years ago, before the earth cooled and dinosaurs roamed the earth, there was a lot of leaks out of company earnings. Well, they put a kind of the kibosh on that starting in about 2003, because everybody was leaking everything is worse than Washington D.C. So what do we have? We've got a market that's continually gotten tighter and tighter with fewer and fewer cues as we got into options expiration. And I mean, earnings season, we're just starting to warm that up. In fact, it's at least you get a few weeks off before it was one of these things where you didn't have any time off. At least a handful or the bigger stocks are now pretty much accumulating into about a month and a half, giving us a month and a half off before they actually restart and earnest again. So we're getting just the kind of the first drops of those starting later this week and next week and into the other one. But by the first week of October at that ends, we're going to start ramping back up all the way through mid to mid November. Then we wait back and get it started all over again about mid January. So look for that six week cycle where we actually get to rest a little bit. There may be individual companies coming out with news, but there's not enough to actually move the market or set everybody up into thinking that the market's going to heaven or hell. So as we start to show off today, as I said, not much going on volume fairly weak. Again, normally we get Fridays with light volume and Mondays with light volume in the fall. All we've had so far since the three day weekend is really a light Monday. 3.2 billion shares as we start the show. And of course, when you look at some of the other stuff, it just doesn't seem like we're breaking out of the range. There was a brief window where it looked like maybe the dollar would move back down into the 96s, did it for all of a day into the high 97s and popped right back. We're about 15 cents today at 98 28. And of course, when you look at the indexes today, which I have to get back to now oils up about 40 cents. As I said, I am not a fan of being short oil as long as the Baker Hughes numbers continue to come in light and man, they came in very light on Friday, which would add additional support to the oil markets pricing, keeping them up. As we continue on, of course, natural gas, I it is hard for me to see natural gas come up to anything that I've heard where a lot of people are saying it's back going to go back up to four bucks. It could, but man, are you going to have to have some horrible conditions for a long time to get that back up both in production and in the consumption. So if you're thinking that we're going down to minus 50 all winter long, maybe there's a chance. But man, it seems to be if we hit three bucks right now, I think that's fairly high natural gas for this fall to do. What else do we have going on? Gold's up 15, 16 bucks. What is that 1531? So you got a little bounce back in here. But at the moment, I suspect we're going to consolidate for a while in gold, not a message that a lot of people want to hear if they're gold bulls up. 83 cents, almost 83 and a half cents on silver at 1868 50. Probably the worst thing that I think can happen to gold is everybody yelling about buying it. And certainly this weekend was everybody that I could find was all bullish on gold. And generally, when you get to gold really runs, it's when nobody's bullish on it. So consolidation more than likely. Copper up not even a penny today, 20 or $2 and 61 cents. We'll be back after this. If you're not currently using the Taz profile scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The Taz profile scanner is a standalone piece of software that instantly filters over 2500 global financial markets such as stocks, ETFs, commodity futures and forex. Heated by Steve Dahl, Taz understands that in today's technological world, the use of top flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the Taz profile scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30 day money back guarantee so you have nothing to risk. 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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. TFNN.com now toll free at 1 877-927-6648 internationally at 727-873-7618. And well, so now we're still out here just up three points. I don't suspect a lot's going to happen. Again, pretty bad time to be trading. Wednesday probably a day where we're going to see a lot more signal than noise. As I routinely say today is a lot of noise and very little signal. You'll get just the opposite 80% of the time tomorrow. So we'll see what happens. But Wednesday, you know, I can imagine that we have consolidation all the way through the week. Maybe 2960. If we could get back down there on low volume, that probably would be another good opportunity to go long in the market. I'm pretty much all cash and pretty happy about it. And there's too many sitting right at fail levels right now to make me think anything's going on. If they can just hang on though through this week, it'll be a fairly bullish signal. But we really need to wait till next week until we start seeing. I think a lot of that bullish bias in the market. What else do we have out here? Let's do a little history and then we'll move on. It is nothing but history repeating. And on this day, in fact, let's do that in 1779 the US ship Bonham Richard commanded by John Paul Jones wins a hard fought engagement against the British ships of war, Seraptus and Countess of Scarborough off the eastern coast of England with the outbreak of the American Revolution 1775. He traveled to Philadelphia and was commissioned as a senior lieutenant in the continental Navy soon distinguish himself and actions against the British ships and the bombers, the Atlantic Ocean and the English Channel. And of course, one of the battles of all time where his ship was sinking and he still decided was able to conquer two other ships, take them captive and right away with his ship and right away with their ships and his ship sunk the next day. And, you know, he ended up kind of bopping around after the that for a while. And I think it was in maybe 1905 they found his body after a huge fit by the Ambassador France dug up his body and found it and returned it to Arlington Cemetery. And one of the heroes when we had to kick the limies out of America on this day in 1779. What else is going on? I wanted to look at some charts here today. The first one, in fact, was talk about it because Friday after the bell, some new laws trying to get past in New York City that I thought were very interesting. Let's go ahead and up to this chart just in case there's any chance. We're talking about all the laws changing in California and New York already and some of the other Massachusetts about employee status for Lyft and Uber. What has changed now in New York City is that a lot of these guys drive their Uber cars around and Lyft cars around, but it's cheaper to drive them than to actually park them. So they just drive them around and at least the people from New York City say they're adding congestion in the street. I don't know how they add any more congestion in the street than cabs did before, but guess what? You go public, you got a bunch of money. Suddenly there's a lot of people with their hands out. So both Lyft and Uber finding every time they turn around a little bit more people out there with a handout. You had a little bit more of a dip today, $3206 for the low in Uber. You've got $30.67, which is the September 3rd low. You're into that candle with about a fourth and third of the volume right now. So that a lot of times may need be all you need. Chart doesn't really look that bad. I would say though that it's just something on the way to happening. And that is that these big cities are going to look at Uber and Lyft as funding mechanisms for their city long as they did as the regular cabs were before. Just a way to kind of get your hand out there, get your beak wettened as we say from the Godfather. But certainly those come under attack. There's a engineer from Facebook who was recently fired because he used social media. Imagine that. We don't like using social media. It will confuse people. They told him that he couldn't say that he worked for Facebook. So he said he was a former Google tech lead and they've canned him. Well, he's become kind of the, what's that guy Ronan digging up dirt where they do not like it for Facebook. Anyway, a lot of discussions about what's going on in Facebook. Sounds just like out of the Politburo Soviet Union. You can't speak the truth. Can't do anything. Anyway, very interesting inside look at the bureaucracy in the downright nitwitty, bat, fruit bat, crazy political factions where nothing is getting done at Facebook. Apparently at least that is his story. But it seems to be rather backed up by other folks in that same company. And of course, on Friday after the close, we heard that one of the engineers jumped off the top of the building. He says that that is just a drop in the bucket as to what's going on in the nuttiness at Facebook. Also on Friday you had Zuckerberg and maybe even Thursday and Friday talking to a lot of the congressmen and senators trying to get and find some way to not be broken apart. A rather cool reception for the head of Facebook. But not only that, a lot of demands and a court case. Of course, the most interesting part of the court case is that Facebook is no longer trying to play both sides of the fence. They are solidly saying that they are a publisher. So as a publisher, guess what? They can be sued for anything that they put on their sites and anything that others put on their site. So let the games begin. My guess is that Facebook will be one giant lawsuit after another in the near future. Much less all the federal trade commission issues and the monopoly and antitrust issues besides just being a horrible place to encourage narcissists to come around. And probably the more interesting part of the story from the inside guy is just how much it's become almost the kind of cliche high school environment with everybody trying to suck up everybody else in the company. Not because it's the right thing to do, but because bureaucracy has taken an interesting stuff in Facebook at the time, fairly perishing. We'll be back after this. David is trading ideas each morning in his Path of Lease Resistance newsletter. Using a combination of equity trades along with options, David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted. Don't miss out on this great chance to get a 30 day free trial to David's daily newsletter, The Path of Lease Resistance, with no obligation to pay anything. David has been delivering solid recommendations for his subscribers recently and if you'd like to see the type of newsletter he delivers every morning, then visit the front page of TFNN and you'll find the Path of Lease Resistance under Trading Newsletters. For all the details and to start your 30 day free trial today, log on to TFNN.com now. 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. 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Get your copy of The Art of Timing the Trade Charts 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. And we're back. We'll check in on the indexes and I'll nod off here. Let's update them just to make sure they're still moving. I'll poke it with a stick. Okay, we're up three points on the S&P cash. Dow's up 40. NASDAQ's up 7. Russell's up 3. What else do we have going on that I want to look at? Just not much to hang your hat on. Let's go ahead and look at some of the other ones that are out here. Pretty much the early morning was dominated by some small upgrades and downgrades that don't really change anything. But it had a little lower push on Amazon today. It's just down with 2.1 million shares. Again, really doesn't get into this low, but looks like it could. It's 1743.51. I don't see any reason why you would touch it until it touches and tests that lower. Low or that low itself. Chewie's, we've been kind of pushing this one down on some rather rough talk on the street about Chewie. It's been down on some decent volume today. Just a doji out sideways. I don't see much on that credit Swiss gap down. And I guess there's more discussions about what's going on in all of Europe. I think what the DAX was down almost a percent today as was the Shanghai, I think. You've got two gaps that could get filled down here to about $11.75. FLIR, which is a forward looking infrared radar. Did I do that right? Yeah, floor systems. Getting back up to this gap. They announced a whole series of cameras for people on pleasure boats and actually on full size shipping lanes that can see through fog, that kind of stuff. Kind of an interesting application anywhere from seven grand at the bottom to about 25 grand. So these should be some nice cameras to add to their already pretty huge system for airplanes and static systems in the military. This kind of adds a new level for people, boats like me, or boaters like me that would like. Seven grand is kind of steep, but probably much better than running a ground or into another ship. And it's nice that you can see through fog. Anyway, this is going back into this huge gap down with two and a half million chairs back from July 24th. And of course, that two and a half million chairs just hasn't had much of a push. Even today, just 222,000 chairs so far today. Lulu, some kind of upgrade downgrade thing didn't seem to go very far. This actually looked fairly good yet a good gap higher on the 6th of August. It's the 6th of September with 11 million chairs. You've been filling that gap over a number of days. He went into that with a fourth of the volume of 2.4 million chairs on Friday. Today you have a little bounce, but the volume is not really following it so far. Sam's beer. Just slow, slow, slow. Come on. Can't we get the volume going? There we go. Not much of a bounce on this one either, although it's its previous support level of 350. 3 got to 344. 86 on Friday. It's back into the trading range. Doesn't look that bad. And of course, nothing better than cereal malt beverages. Some very vicious downgrades today in Slack. W-O-R-K is the symbol for that one. I'm not exactly sure why everything is moving so slowly today, but it certainly is. We talked with Tom O'Brien in the Tech Insider Hour when this came out, how you have to separate a very good product from the company and its ability to actually make money or monetize what it's doing. The only good thing down here is you're back into the previous low at $23.93. That had 30 million shares. You're into it with 5.3 million shares today. Now, it looks like you could close below that. We'll have to see how the day ends. But any close back above $23.93 actually suggests that there may be some kind of short-term low in Slack. The problem I have about shorting it after this is the possibility of a buyout which does exist. So if you shorted this thing at the IPO at about $40 and you got down to $24, congratulations. Here's where the risk really starts picking up, and that is this desk of a low on-lighter volume. And you're basically through... When's the lockup period? Let's take a look at that because we want to talk about it. Let me find it here. That's not what I wanted. I wanted a lockup date. See when this thing actually gets out of it. Come on, where are you at? Let's just see if we can't get it on this. Because they've changed the NASDAQ website. They used to have... What is it? A lockup date. They received, okay, 180 days from May 31st. So that's six months. So that'd be the end of the year. Here it is. Finally got it, $12.17. Okay, so that gets you far enough into Christmas that it's going to be pretty tough. That's a good time to start an IPO because then your lockups happen where not many people around in the market are fairly thin. It makes it very hard for insiders to sell. It makes it very hard for outsiders to short. But yeah, that's pretty much it. $12.17. You probably would not look at a buyout before the lockup expiration. But after that, it becomes problematic. Let's see what they have for short interest. And because that new stuff came out. Because I think everybody's been all over this and they have... We've had days of one out of four trades being short. So fairly high short interest. See if we've got anything else. And they're not really publishing it quite yet. But the daily data does suggest fairly high short interest. At some days, it's been 32% back on the 6th of August. So you're going to be building a fairly large short interest in Slack. If you can find the right low, kind of like Snap, you can make some fairly decent money. Take a look at Snap here. I've been waiting for you to speak about the huge climate initiatives. I don't know what you want me to comment on. You've got to say something more. And we're going to break. Maybe we'll follow up that question with a little bit more detail. If you're 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. The Tax Act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from 30,000 to 75,000. The interest paid is 7% yearly paid on a monthly basis. According to bankrate.com, the best rate for a four-year CD in the country as of February 20th is 3.1%. A $50,000 investment at a normal four-year CD rate of 3.1% would give you income of $1,550 per year, or $6,200 over the four-year period. 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Distributor Four Side Fund Services, LLC. In the upper left corner of the screen is the Tampius. That's a couple of things to do. Just see if there's anything moving out here. Okay, well, we're right back to it. 29.95, up three points on the S&P cash volume is a light at 3.5 billion shares. So if nothing happens before the end of the day to get going, we're going to have a slightly higher day, up three points. Again, I'm not putting a lot of weight to tell us is going to be very important. Of course, the markets really don't get moving again to Wednesday. Most of the time, if today's an update, then generally tomorrow is a down day of equal or around equal performance. So that would say fairly light. Wednesday, the stock market kind of gets back into gear after rolling off all the options that expired from last week and putting on and adding and starting to sell options all the way through Christmas. So just kind of a quiet couple of days most of the time. A lot of times, it's a lot of noise that people attribute signal to if I would say that. I got another question. Do I still suspect that Warren has an 80% chance of winning the Democratic Nonna nomination? I think it went to 90 or 95 over the weekend. I think it's hers to lose now by a long margin. And no big deal other than elections have consequences. And if we can all sanely discuss not what's right and wrong, but higher and lower prices based on whatever issues that come out of politics. So we'll take a deep breath, just my opinion, but probably opinion based on some experience. Okay, what else do we have in the questions? Question over the weekend about 5G and, of course, a lot of morons and all this column flat out morons in Europe running around saying 5G is going to hurt us. It's an issue. Well, I know those folks didn't even make it through high school physics or they would understand the difference between ionizing radiation and non-ionizing radiation. And basically the theory is that if I had a spitball and shot it at a locomotive, I could knock it over. That's basically the argument that people against 5G have right now. And that is that some incredibly small amount of non-ionizing radiation could actually cause problems. The truth of the matter is that the water in your skin is enough to stop it. It's not going to get into you or cause any problems. But you know what? As I said a little earlier in the day to somebody, I think the world's just gone fruit-bat crazy. And I wanted to use another word, but I'll use fruit-bat crazy. It's black helicopter time all the time. It's nutty beliefs and predictions of the end. It's just these things eventually wear themselves out when everybody gets tired after about the tenth time of saying that the apocalypse is tomorrow or that everything else is going to go to hell on handbag. But not new. People feel powerless and they express themselves in ways that don't make either economic or any kind of rational, non-minally ill way. Let me put it that way. So that's easy. Anyway, we can go that. Anyway, we looked at everything I wanted to look at. So let's go ahead and look at some of the other stuff. NFLX didn't win some Emmys. And of course I have one in my wonderful, what do you call them? Lockbox at the bank, where I keep mine. But I would not watch the shows anymore, just too depressing. But mine's a technical Emmy given the week before that the regular Emmys are given. So I never got to do that. The only good part was that Jerry Lewis gave me mine. Because he won one back in like 1968 or five or something. He was the first person to put a TV camera on a movie camera so that he could watch everything that happened in his, all the movies he made in the sixties. And I think he was the first one. They opened up that category, DIST to give it, which is a technical Emmy, adding to the production and production values of that. So that's what my Emmy for my product, the personal animation recorder, and all the products that came after that in the nineties, kind of a, what would you call it? It's like a Tivo for animators. A way to get computer animation and video out of a computer and onto, at that time, analog tape. But we've moved very far since then. So what do we have in Netflix? Down 11 million shares compared to 24 million share on Friday. I thought that gap would potentially hold. Some people saying, as I said, I quit subscribing to them. There just wasn't a lot on here that I wanted to watch it. I thought the stuff on Amazon was better. And of course, Amazon did walk away with a few more Emmys last night than most people thought. That may be for a little bit of the weakness. You don't have a lot of volume today. That does still open up the 231 23 low and with Hulu and Disney and everybody else coming into this space that never really had a big moat. I was always worried about what you could do at that high and you had a fairly good decent test of the 385 99 high that had 10 million shares. You got into it with less than seven. That was the May 1st compared to the July 9th high. So you had a test of top. You did on lighter volume. You're coming back down now. Is the energy any, uh, any higher than the December 26, 2018 up to the May high? No, it's actually just the last, but you've had some fairly decent gaps back down. Kind of reminds me of the Tesla chart where you had Tesla coming up to 379 back on December 7th, a day that will live in infamy 2018. That 380 high with 11 million shares never really got tested. He got into close to it on 352 on January 26. And that's about all she wrote. Um, we were short. I think that's the first time we shorted it at 345 in that area in the tech insider and wrote it down to about, uh, to what was it? 230 240 something like that. Um, I think this is going to have another 100 point move down. It's just win. I like this thing to go sideways for a while in the meantime. Hang on. We'll be back in a minute. tools as well as provide great market calls to sign up today. David White's newsletter, the technology insider is focused like a laser on finding the next big things in technology. If you had invested only $10,000 in Microsoft in 1986, you'd have been a millionaire by 2000 disruptive technology like Microsoft's is the key to these massive long term profits. And the tech insider is the vehicle from TF and then to capitalize on these opportunities. This is the go to newsletter that identifies monitors and profits on mostly little known cutting edge companies with great long term prospects. David's experience is as an inventor of Emmy winning animation products for TV and Hollywood that propelled a company public match that with 14 years as a full time trader, and he's uniquely qualified to guide you through the light speed world of ever evolving high tech. If you're ready to ride the next big technology bull market for less than $40 per month, log on to TFNN.com and get your two week free trial to the technology insider. Get in on the ground floor of the next big thing 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 the computer software which included the standard market technical indicators enhance the degree of accuracy and 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 the opening call today by visiting TFNN.com. Catch Tom O'Brien, professional trader and educator, founder of TFNN. Also a special guest on CNBC. Tom will bisect and dissect the markets. The Tom O'Brien Show next on TFNN. Got our last little segment here. Make sure and give me a call tomorrow. It's been a quiet day. Maybe you've got some questions that are percolating in your fine brains. And of course you can call me at 877-927-6648. But thanks for some questions. I think tomorrow's probably going to be kind of a light day too. Wednesday we're probably going to get back to a steel cage grudge match in the market. It goes against the bears. But until then start thinking of some questions for tomorrow. Gold's up $16.80. Oil up 47 cents. Again, not much has happened in there. Kind of slowing down. Got a kind of question about TLT coming in via email, which I think is just a fad. TLT. Fad of 40 years. TLT. Yeah, you're getting back up to the movements down. You didn't get much into today. You know, I just like to see that half the gap gets filled. So probably maximum resistance level is about 146 in the TLT. And that's where I would look. It could fail right now. It came down with massive volume. But the risk reward really doesn't come in till about 145-ish, 146-ish. You'd like it to get up there with no volume. Like on the 10th of September you were down on 13.9 million shares. You got about 11 million shares, so not all that bad. But you need to get into some of these gaps that had 15 and get 15.9 million shares on the 9th of September. So close. But my guess is this is where you're going to start having a lot of people jump up and down and think they'll be able to get out of this bronking bowl. You've got two highs. You don't need any more. You tested the previous high with 50% lighter volume on August 28th. That's everything you need to know about that. This is an A market that is at best consolidating and worst-heading much lower. We'll be back tomorrow. St. Bat Channel, St. Bat.