 The following is a presentation of TFNN. The morning markets kickoff with your host, Tommy O'Brien. Good morning, everybody. I'm Tommy O'Brien, coming to you live from TFNN. Just after 9 AM Eastern time, we got about 24 minutes to go until the start of trading. You got markets picking things up in negative territory. Yet again, August, looking to be a little bit of a tough month for the market after quite the acceleration in July, we got the S&Ps off by about nine points right now. That's 210% in the red, trading at 44.45. We got the Nasdaq 100. We're off by about 210 as well. Hanging onto that 15,000 handle, we were up at almost 15,350 early yesterday. Right now, we're at 15,072. The lows of early Monday, correlating to the lows of Friday as well. We're only about 30 points from that level. Actually made it to a low of 15,020 Sunday night on the futures. Dow off 64 points below anything we've seen in terms of Sunday. Or recently, you back things up on a daily on the Dow. And as I said, you got to go back to basically a month ago, July 18th, where we are on the Dow, right? Dow now, yeah, gives up 35,000. We're trading at 34,944 right now. On the Dow, we were as high as 35,843. So you're talking about almost 1,000 points in the Dow we've given up. You jump over to the S&Ps. You're talking about almost 200 points, right? You're approaching a 5% pullback from the highs that we hit towards the end of July. You jump over to the NASDAQ 100. You're talking about 1,000 points there. And boy, some of the haircuts we've had in some of the thanks stocks. I was hearing something like 9% on Apple, man. Decisive break out of that upward channel that began at the beginning of the year in Apple. We're now basing it around 177, a far cry from 198.23, the highs made. July 19th, the acceleration really started August 1st. It's been quite an August. We'll see, we're only about halfway through the month. We jump over to Crude. Crude backing off a bit from the highs we've had recently. We're trading flat right now in the session. Quite a pullback yesterday. You got Crude right now trading right near $81. We're flat on the session. Gold contract down about $2 this morning at 1932. We jump over to notes and bonds. Quite the day yesterday, right? Did the program early in the morning and boy, it charged higher, man. You had the 10-year down to a price point of 109.11. By the time the acceleration finished, we were up at 1106, talking about almost a full point move in the 10-year. Right now, we're basically positive by four ticks in the 10-year right now, trading at 109.28. That's correlating to a yield still above 4.2%, 4.21%. We get the Fed minutes as well today. Time's at that. 2 o'clock, I believe, Eastern time. Yeah, from their July meeting, those minutes will be out. I believe it's 2 p.m. Eastern time. Maybe somebody's got it in the den. We'll get the Fed minutes today. We'll see what they talked about, see how much descent they possibly had. The minutes sometimes can provide something. I wouldn't look to anything too dramatic, though, in those minutes. We got Chairman Powell in nine days, right? Jackson Hole. That could be interesting as well. You jump over the volatility index. Higher prices as we get a market pullback. Yet again, 16.55 in that volatility index. We got to jump around to the dollar. Quite a day from the dollar yesterday as well. These moves in the currencies, man, mammoth. Yesterday, the dollar goes from 102.85 up to 103.25. You trade back below 103 overnight, just like that. We're at 103.20 right now. You take a look at the daily on the dollar. We get back the entire pullback from July, right? I've talked about this before. Something's going on with these candles. Not sure why they show up like that. I don't think that's how the action went, but nonetheless, that is how the price went in terms of trading from 103.50 down to below 100. We've gotten it all back. We're right back to that area on July 5th, just above 103 at 103.20 on the dollar index. All right, what else we got going on today? We got to talk about some target earnings, man. Target, they trade lower yesterday, but they get it back today, man. Out with their earnings this morning. Decent earnings, they revised their outlook, but they beat on earnings. And the market was, looks like the market was pretty worried, man, because they revised their outlook, but I think the market was pretty worried about what was coming down the line. And they beat the expectations enough where you're up by about eight bucks, man. And to put things in context here, you jump to the fundamentals. You're talking about an eight dollar move. Always remarkable when they peg it, right? Eight dollar move in either direction. So if you were buying volatility last night, you might break even on the open. You had to buy volatility directionally, as in you had to actually pick a side, then buy the volatility and you're still paying about $4. So you're getting an eight dollar move to the upside if you were bullish, jumping back to those target numbers real quick. They slash the full year forecast. That's the negative. They beat on earnings though. They cut its full year sales and profit forecast as it tries to win over shoppers who are watching their wallets. I'm telling you folks, target. I love target. They got a great brand. They got a great store. I enjoy it with Tommy. They got a great toy section. We go there and almost do a Toys R Us type experience for you 80s and 90s children out there. You know, we go around the toy section. He gets to play with all the toys and then we got to ditch all of them before we leave. So we don't have to buy them all. Great experience for that, but I tell you, I am hyper aware that within target, everything seems pretty expensive, man. Now, Publix is a very expensive entity as well. We got those all over Florida as I'm sure you're aware. But boy, when you look at what you're buying in there, I'm always saying Tommy, we can get that somewhere else. We'll get that for you another place. I'll order that online. I'll get that for you from Walmart or something like that. Target, man, they charge expensive stuff for a lot of what they have. It would make sense that they're having trouble winning over shoppers who are watching their wallets and remember folks, we're only about six weeks out from when those student loan payments start. That's gonna hit people in the wallet to the tune of three to 500 bucks a month. And you're talking about tens of millions of Americans that just all of a sudden have a three to $500 payment just like that out of the blue that they have not had to pay in more than three years. Now, getting into the numbers, where they slash the outlook. The company said it now expects comp sales to decline by about mid single digits for the full fiscal year and earnings per share in the range of $7 to $8. It previously anticipated comp sales would range from a low single digit to decline to a low single digit increase. So say goodbye to the increase folks. Comp sales are gonna be in mid single digits decline. That's around a 5% decline when they said, hey, we might even be in a single digit increase. Not so much earnings per share. They were looking for 775 to 875. That number, they shaved 75 cents off it basically from $7 to $8. Struggling shares surged in pre-market trading despite the soft focus. Why did they do that? That's a big reason right there, man. They bring a buck 80 to the bottom line versus a buck 39. They beat on earnings. They miss on revenue 24.77 versus 25.16. But yeah, the market is liking the fact that they bring some down to the bottom line even as they're facing some headwinds going forward and the market knew there were headwinds folks. I mean, check out this chart, right? You wanna talk about negativity priced in. We take out the chart. We go back to just even the last year. There's the drop off from the last earnings, man. And we're gonna just pop basically to where we were trading at on Monday. 133, this thing was trading at as high as 131.82 on Monday trading. We're back to that price level. You're gonna be back within the consolidation area. We've been in basically since May 31st, which is when that slide really started accelerating, right? On some of their pride month merchandise and all that stuff. So nonetheless, you got target shares. They're up by eight bucks this morning. We'll see where they go on the open. We jump over to some other retailers. You jump over to TJ Maxx. They're higher as well. Quite a different chart, right? They're up with their numbers and they're trading higher by about $3. Yeah, $2.50, three bucks. So TJ Maxx is higher. You got target higher. Let's see if Walmart's getting a lift on those numbers. They do get a lift briefly on the numbers from target. You're just like that though. You're back to basically where you were because we came into time yesterday after doing on Walmart shirts. All right, we got some housing to talk about today, folks. We got our man, Kevin Hinks. We'll be talking to him when we come back for the break. We'll be talking to our man, Teddy Kegstad at 40 past the hour. Lots to talk about folks. Stay tuned. I'll be right back in three minutes. Don't go away. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. 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We jump around to some of those other equities I was mentioning. You jump around to target shares right now, trading up a bit from where they were, even as we were discussing, you're up by about nine bucks right now, trading at 134. You jump over to TJ Maxx, as I mentioned, their numbers, they're trading higher by about $3 as well. You jump over to Walmart on the heels of some retail Walmart. Catch is a bit, but we've pulled back just a bit. I jump over to Coinbase, so Coinbase. Yeah, they're going to be doing crypto futures, man. Let me pull this article up right now. There it is. They win approval to sell crypto futures in the US. Derivatives is a huge crypto market that dwarfs spot trading. Coinbase expects to launch the product within several weeks. Coinbase financial markets, a subsidiary of the US biggest crypto exchange has secured approval from the National Futures Association to operate a futures commission as a futures commission merchant and offer access to crypto futures. The offering will launch within weeks and they've been working on it for some time. Yeah, I would expect so, man. Now, interesting that you get quite a little pop on Coinbase here. Okay, you closed yesterday at 79. We push 83.30. No real reaction on Bitcoin there, though. Interesting, maybe that's your pop on that news from 29 to 29.2. Nonetheless, no real huge pop there on Bitcoin, even though you catch a little bit of a pop on Coinbase and I've said it before, folks, but if you're going to get into crypto, I will get into crypto. I wouldn't get into Coinbase, okay? Yes, we're catching a pop. This thing's up to 83. Boy, you want volatility, you got it. Just look at this weekly chart. Let's put it on the daily for Coinbase. Talk about catching a bit from 50 up to 114, okay? But be careful, folks, because this thing just pulled back almost 30%, right? From 114 down to 79, we're catching a bit up to 83. But you're playing with a little bit of fire in Coinbase that you don't have to play with in Bitcoin in terms of that company and the way that they make money off of trading, because I don't think we're going back to the heyday, man. We're not going back to the heyday where everybody was buying and selling dogecoin and you had Robinhood making hundreds of millions or billions of dollars practically on doge trading. That was quite a time in history. Not sure we're going back to that one, yeah. All right, what else we got pulled up here? Let's take a look at some of the articles we got pulled up as we get through the trading day and we got about 10 minutes right now until the opening bell. What do we got? We talked about Target. They're surprised, let's talk Fed Minutes. Yes, so the Fed Minutes set to show only a minority saw the end of tightening. Majority were cautiously optimistic. Okay, so they are looking for only a minority saying that they saw the end of tightening. We'll see how they go, man. I think that's the writing on the wall right now. I think they're trying to stop. I think they want it to be the end even though you've had all these unanimous hikes. But I think they are restrictive enough. I mean, pay attention to that pause, man. That's all I can say, pay attention to that pause because yes, it was a pause. They came back with a hike. Oh boy, I think they're going at least every other meeting right now. I'd be shocked unless we get some crazy data coming out in early September for the August numbers in terms of jobs, in terms of payrolls, in terms of wages, et cetera, inflation, CPI. But withstanding that, right, the CPI, US Consumer Price Index, you look at where we're, excuse me, minus food and energy. We're talking about core. I mean, you can see the roll over there. That's what they're following, okay? And boy, it has been quite a hiking cycle. I mean, look at where we were in 2018, 19. That is nothing compared to what we just did. And meanwhile, we get the markets pushing all-time highs yet again. So pay attention to that one. The red has rolled over, but it's got a long way to go. Core is at four, six, five, man. They want it to be at two. That's going to take some time. We'll see where we go from there. Yields, of course, an interesting one, as yields have spiked dramatically back to almost the recent highs. Some Fed governors, such as Philly President Patrick Harker, have indicated the central bank might not need to keep raising interest rates. Others, including Fed governor, Michelle Bowman, have taken the opposite view. We've been covering some of those views. Investors currently do not expect another rate increase this year. Though the implied odds of a hike at the October 31st, November 1st meeting are higher than those for their next meeting, September 19th and 20th. That actually makes sense because it seems like they would wanna just give it one more pause, right? They're probably going every other meeting. They'd never tell you that. They'd never lock themselves into that. It would be foolish to do it even if that was their plan. But I think that's their idealistic plan right now. And it would make sense because if you follow the logic on why they did a pause the first time, okay, pretty similar to where we are right now, right? They can give it a one meeting at least, see where the data flows. I mean, think about how much data we're gonna get by the time you make it to that October 31st, November 1st meeting, right? Plethora of data to say the least. And yeah, and so we're looking for a general sense of the relative size of each camp on the committee at the time of the July meeting in terms of who's on what side, man? Who wants what? That should help limit concerns that the labor market, yeah, so this is, they pointed in particular to a quarterly report on wage growth, July 28th, which showed a sharp deceleration and an August 3rd report on unit labor costs, which also revealed a subdued rate of increase. That should help limit concerns the labor market will further fuel inflation. As such, we expect FOMC sentiment has turned more dovish since the July meeting, since the July meeting. Yeah, I think it's pretty dovish in terms of where we are right now, the numbers we get. I mean, you take rent equivalent ownership numbers in terms of owner rent equivalent, what you would be paying in rent for the house you own, you take that out of CPI, which is what Europe does. Okay, Europe doesn't include owner rent equivalent. Okay, because it's a theoretical number. People who own their properties don't have to pay the theoretical rent that they would have to if they were in that property. That is a huge number that is boosting the CPI right now. A huge number, okay? So that even in Europe, you take that out, inflation's almost over. Crude, kind of the one wild card there. They could give everybody a little bit of a headache as we're sitting at 81 bucks, filled up my car the other day and I hit 70 bucks to fill it up for the first time in a while. And my eyes said, whoa, I haven't seen 70 bucks in a while, man, and yeah, we're pushing some lofty levels on those crude prices. So you start seeing higher crude prices, okay? Because we've been helped at the pump for some time. Right, look at this chart. I've been talking about it, but pay attention, man, because you get a bid in crude at the same time that you get the student loan payments coming back, that's gonna put a hurt on this economy and maybe that's what tip things over. Pay attention to those student loan payments. I've been talking about them, pay attention to them because the people who have outstanding student loan payments, okay, yes, they are some of the more educated members of society, but many of them that have not been paying that payment over the last three years, boy, that's gonna hit their daily expenditure, that's gonna hit in terms of disposable income that they have and that's gonna reverberate around this economy and that's all gonna play in for basically the final quarter of the year, right? I'm sure people are starting to tighten their belts right now, knowing those payments are coming due in October, but as we know, there's nothing like a deadline to motivate you, right? Nothing like a deadline in terms of, yeah, we all have plans to put that money aside, but guess what? Easier said than done, October's when the deadline for the payments have to start, that's when the wallets will get tightened and you're gonna see it come right into the holiday season. I think it's 27 million people. Maybe somebody can correct me if I'm wrong. Think it might be 27 million people, US residents that are gonna have their student loan payments kicked back in on October 1st, I don't know if we've ever had anything like that hit our economy, have we? Maybe again, give us a call folks, 877-927-6648, I don't know, I don't know what's akin to something like that where you got almost 30 million people that are gonna have a loan payment begin that's been off the books for about three years and that loan payment, you're not talking about a $50 payment, you're not talking about 100 bucks, you're not talking about 200, you're talking about an average payment that's like 300 to 500 bucks. And you know what happens from there, you got even big numbers as well, right? So that all begins October. Market, negative territory to kick things off right now, we're coming back for the open folks, S&Ps down by seven, NASDAQ 100, negative by 32, we'll be right back. 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Watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be. TFNN, educating investors. Don't forget, you can listen to TFNN live on your mobile device 24 hours per day. Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV. Welcome back folks, we got markets open. You're looking at an S&P, down about just three points right now, you catch a little bit of a bid coming into the opening bell. We're back about 44.50 at 44.51. All the markets basically flat. You get the NASDAQ 100 off by 18 right now. Dow off by 15, Russell off by one. We jump over to yields. You got the 10 year right now, basically flat as well. We jump over to the dollar index, pulls back a bit 103.15. We get the 10 year sitting at about 4.21% right now. And what else we got going on? Yeah, let's talk a little bit of Visa. So Visa, they're facing some heat and they have been, but they're facing some heat this morning, you jump over to Visa shares. So much for that heat, they catch a little bit on the open, man. You were trading low at 236, boom, the market opens one minute ago and you pop by $2.30 as this market. Now got the Russell positive. You get the Dow positive. We'll see if we get positive with all the markets by the end of the day. And the story out there is that Visa, let's get the headline, faces DOJ scrutiny for how it prices token technology. Merchants get charged more if they shun Visa's tokens. Long running probe is now scrutinizing those price differences, right? You're talking about competitiveness, man. Anti competitive, monopolistic behavior, something like that. Visa's facing fresh scrutiny from the US Justice Department over how it charges merchants for technology it uses to protect cardholder information as part of this investigation that's been long running. Enforcement officials have begun probing the payment giants policies for charging retailers more if they don't use Visa's proprietary tokenization technology, they've been using that since 2014. I guess, yeah, there it is. I was reading this earlier. At its core, the service replaces the 16 digit account number with a token that only Visa can unlock, which protects cardholder information as it passes between retailers and banks. Visa's issued more than four billion tokens and more than 13,000 merchants have adopted the technology, including Netflix, Microsoft, Alphabet, Spitbit, and others. Visa for years, offering merchants a lower price if they use the service, and they've long sought to see more of its cardholders information tokenized because of the vastly improved security it brings to a payment. In recent weeks, as part of its normal schedule for adjusting fees, Visa and its partners informed merchants that will tweak some of its rates in coming months. And yeah, some of those are sparked by the Justice Department's renewed interest in the tokenization. So it looks like they're trying to cover their tracks there. Don't think this is gonna take Visa, man. Visa's a great stock. I mean, check out this thing in the long run, right? Holding up, well, you're back to the highs of 2021. Basically, you came into COVID at about 200. You spiked to 140, we're sitting almost at 240. You back it up further than that, and it's a one-way rocket ship, man, from 10 bucks in 2009 up to 252. The one thing I will say is you're coming into an area of resistance in that area of the highs of 2021. You spiked to that area at the beginning of this year, but Visa's a strong company, man, but facing some headwinds as they got a little DOJ heat on their trail. All right, what else we got pulled up? We talked about Visa. Yeah, we'll talk a little China again. Why not? We talked China yesterday. You got mispayments going on over there. You have a slowdown of builders to say the least. Real estate over there, and China's now asking some funds to avoid net equity sales as markets sink. You imagine if this happened in America, man, saying, hey, I know you guys got a lot of funds out there, but could you just not sell any of those equities because the market's going down so much. If you could just not sell those and hold onto them, right? You got President Xi on the other hand saying, do you think you could do that for me? Do you think I can make you an offer that you can't refuse style question? Deepening slowdown property sector crisis have been a drag and Chinese authorities asked some investment funds this week to avoid being net sellers of equities as a route in the nation's financial markets deepen. Stock exchanges issued the so-called window guidance to several large mutual fund houses, telling them to refrain for a day from selling more onshore sales, more onshore shares than they purchased. So you can't be a net seller is what it is. The instructions were related to fund managers through investment executives at the firms. I imagine if you're a huge executive of a big financial firm out there, you're somewhere tapped into the political discourse going on there. You don't get to be in a position like that unless you are, but yeah, be careful of China, man. Yeah, you're testing this year's lowest, man. You're talking about last year down to 3,500, quite a difference from where our markets are right now. CSI's fallen for the past seven of the past eight sessions and you had a 2.3% plunge on Friday. Yeah, big numbers over there on China. All right, let's talk a little bit of real estate. Mortgage demand, weekly mortgage demand drops again as interest rates match a 22 year high, 7.16%. How's that for a mortgage for you, man? Average contract interest rate, 30 year fixed mortgages, 7.16%. How about the conforming loan balance? 726,000, man. Mortgage demand from home buyers, 26% lower than the same week one year ago. Applications to refinance a home fell 2% for the week, 35% lower than the same week one year ago. Let's see, with points decreasing, excuse me, to 0.68 from 0.70, including the origination fee for loans with a 20% down payment. The highest level since October of 2022, which also matches the high level seen in 2021. We got higher rates, we got the 10 year at 4.21%, man. That is going to push your 30 year mortgage rates above 7%, and that's where we sit, 7.16% right now. These markets finding a bid, man. Look at that, up 70 points. S&Ps barely, look at Visa. Yeah, I can't hold Visa down. I wouldn't be too worried about that one, man. Visa is a very strong company. And if anything, maybe they come back, change some of their pricing, maybe they tweak things, maybe they pay a fine, but they will be just fine, I imagine. Let's see how some of the fang stocks are trading. Amazon shares, they're down 1%, maybe some tough target earnings out there for Amazon. Send it low to 1.36, 35 right now. You jump over to Apple, the big dog, basically flat at 1.77, 31. We jump over to Microsoft. They're talking about Microsoft in the den. Microsoft shares down about 1.25%, just below 3.21 to 3.2092. We got to talk about Tesla, the fan favorite. Catches a little bit of a bid on the open, but still in negative territory. We now got the S&Ps positive by three. Look at this market, Dow positive by 100. Let's check in on yields, see what's gonna happen. And no real action on yields yet. And the dollar gets a little bit of a pullback. So maybe you got a weak dollar action out there. Let's see how some of the banks are trading. JP Morgan, slightly in the red this morning. Goldman, slightly in the red, and how about it? That's an easy segue to Goldman. How about this article out here, man? From Bloomberg, okay? And boy, it's an interesting one out there. Early this morning, I think this is like their big feature on the front page. Maybe they changed it. Yeah, there it is. So that's the front page of Bloomberg.com this morning. Goldman's CEO, most loyal deputy, is tested by mutinous partners. Mutinous, they're mutinous over at Goldman. The smell of seared red meat, $180 Porta House to be precise, hung in the air as bankers and traders from Goldman Sachs bluntly sized up their CEO and who did they do it to? Goldman president, John Waldron. So he might be the next guy in line, okay? And he's the 54 year old dear maker, spent three decades career to reach the financial industry's most rarefied air as CEO in waiting, right? But now he's got to pick a side. And that's what they're saying. He's being impressed by colleagues to pick a side, beat his own path to win over the disgruntled execs or risk being seen as an affable clone of the CEO. Seems like the headlines just don't stop, man, in terms of Goldman, you pull up the chart, you're off of the highs we saw in 2021, right? You're back to basically where we were at the beginning of that year. Not a bad chart when you back it up longer term. But yeah, there is some severe disagreements within Goldman out there. Check that article on Bloomberg. I'll post that one in the den as well. And stay tuned, folks. We'll come back with our man, Teddy Kegstad. We'll talk some commodities. We'll talk some forex. We'll talk some markets. 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. 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A fund's prospectus and 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. Back folks, we got markets picking a bit up on the open, man, we got the S&P's right now up about eight points. Check out the Dow charge in higher by about 155, we're at 35,162, we jump over to the dollar index. You got a little bit of dollar weakness as the market plows higher. We're trading at 103.09 right now from a high about 103.27, just as the market opened. With that in mind folks, let's jump over to our man, Teddy Kegstad. You can read Teddy's Tiger Forex report every Monday, folks, we talk to Teddy every Wednesday, but this past Monday, he had an awesome webinar. You can check it out under the services tab, Japanese candlestick patterns, stock and option strategies with our man, Teddy Kegstad. He did an hour in there, with a bunch of great attendees on Monday. That webinar's archived. You can check that out under the services tab, only 97 bucks. Teddy Kegstad, great webinar Monday, man. I really appreciate that. Thank you, Tom. For those that didn't catch it, Teddy, I was listening to the hour, you walked over, of course, candlestick patterns, I loved how you were setting up different ways to trade, some of the patterns that you were talking about in there. Could you just give the listeners, because it's so great, one of the great things about this course, folks, is that it's gonna be good forever, Teddy. That was something that, you know, it's not timestamped. You're teaching them trading methodologies in there. People can sign up any time they want, go over that hour, it's archived. Could you just give people a little glimpse, now that you've done the webinar, it's up there, it's archived for anyone that wants to sign up for just $97. Could you talk a little bit maybe about what you talked about Monday for all the attendees you had in there for that hour, for Kim? Yeah, please. Sure, well, we didn't just talk about the Japanese candlestick patterns, we actually gave you the ability to figure out what your risk areas would be, where your entry levels are, where your target prices for the moves that you're expecting to have happen. And then we broke down what kind of different trades you could do, whether it was being long stock, long calls, taking on different types of spreads also, and then also looking at the pricing of those things and the differences to figure out which gave the best reward to risk ratio for the trades as well. So we would show how highlight, some were valid and many of the, like for instance, we had situations where four different types of trades were valid for a particular signal. Then we had the same signal on a different stock where only two of the trades would actually be viable because of the pricing, you know? So, and those were things I think that those dynamics were covered very well during that webinar and that was the main focus of what we were trying to do. And that's evergreen, that means that you can use this not just today, not just next month. I've been using this for decades and it will work for decades to come. So that's the word I was looking for evergreen. Couldn't find it, man. I appreciate it exactly and it will be. So check it out folks. It's right under services, it's 97 bucks. It's an awesome webinar. And I loved how you were doing those, you know because there's a million ways that you can trade something, right? But I just loved how you were setting up those theoreticals off of the candlestick patterns. With that in mind, we get to the markets, man. How about let's kick it off with maybe yields? What do you wanna talk about today? We got action, man. The dollar index, we got the 10 year above 4.2. What are you looking at in this market right now? Well, I know the forex report subscribers have to be happy. We've been nailing these levels and this week is no different. I was calling for higher yields over the first few sessions. Here we are making new move lows, higher yields on the weekly, daily and monthly basis. So I'm happy where they're at. You know, I mean, I've been saying that for a long time that, you know we've had all these rate hikes and we're still above where we were last October, you know? And now that we know that there's gonna probably be a pause maybe a little bit longer than I thought, I still see another one to two rate hikes before the year is out. Just because I don't think the numbers are, even if they like what they've been seeing, they're still not that great, you know? So I mean, the good thing is we don't really have any numbers now until really after labor day. So I would be very cautious as we hit these right now, these new highs and yields. I think we're gonna start to find support pretty soon. And then we're probably going to a digestive phase, which you can already see is happening in like the Euro US dollar to pound dollar in the US dollar Swiss. The only ones that are really trending and I think we'll continue to trend over the next couple of weeks are probably the Australian dollar and the New Zealand dollar, US dollar because their currencies are just collapsing because they're fundamentally our disaster, you know? So, and I think that's gonna be the main thing you're gonna see over the next couple of weeks as we head towards labor day and the holiday trade here. Yeah, pretty cool. I was jumping through those lines as you were talking about it and I would somewhat agree in terms, I was reading an article today, Teddy, and just talking about just the probability priced in for a hike at their next meeting in September versus the probability of their next following meeting after that, which I believe is at the end of October, October 31st, November 1st, and actually a higher probability right now for that October, November meeting, which would kind of make sense because it seems like we're lining it to September. Maybe they can give it one more pause at least. They pause once, they hike. Maybe they can pause, the data hasn't been too alarming, but we got a long way to go till 2% man. So the market may be saying maybe we get one more as we come into the beginning of November. What do you think of crude prices, man? I was talking about in the program, I'm not sure I heard you. I filled up my gas tank for the first time in a while, 70 bucks this past week. We got higher prices in crude sitting at $81. What do you think of that crude price? I did the same yesterday. I'm like, wait a minute, we could go, I spent 75 cents less to kill it. Is it, it hit me, 70 bucks for a full tank. I said, that's a rarity and I was pretty low, but yeah, yeah. Right, right. So while we had a sell signal that was triggered in crude oil, we had that in the Forex report and now today we're crude, is that right now? Yeah, we're just below the sell entry level. So I like the high that's in place right now. I think that's gonna hold probably for the next like week or two. And I would say that you can probably see crude get back to that like $79, $80 level. And I think that would be a good, like, especially if you're fading this rally right now, if you're gonna trade to the short side, that would be a good place to start to take profit or at least definitely tighten up your stops. I think that the oil could get back down to like 76, 77 bucks a barrel and find a support there. You know, I don't think that the bull trend, I'm bullish crude, but I'm not aggressively bullish. I don't think we're gonna have an overdone just runaway rally. That's not what I'm looking for. I would be very surprised. You know, I think especially if yields start to pull back and what have you, I don't see oil really pressing it. Now if yields really scream higher, well, that would be a different story because the cost of carryover function starts to kick in and then that could drive crude, keep crude up in the mid 80s to $90 level. Nice, yeah, and I had it up as you were talking about it. It was quite a trip from 67 bucks up to 85. So it shouldn't be too ridiculous if we get a little bit of a pullback. I got the three A2 on this chart of just that run, Teddy, from 67 bucks. What is that, late June? Three A2 is still 78 bucks, man. So that's quite a run that we had in that crew contract. When you look at the next Fed meeting, Teddy, so are you like as a forex trader, right? In the dollar index, you're basing things technically and I know it's a difficult question even as I'm trying to surmise it. But at the dollar index, and you've taught us so many times about the different forex pairings that go into this, but we just got back all of that move lower in the dollar index from July 6th, I was looking at it basically, right? You go from 103 and change down to 99, we're sitting at 103 and change again. What do you think about the dollar index in general at this exact price limit where we're kind of right back to where that move lower began at? Well, I think that the dollar index now is gonna have a little trouble climbing because as long as the Euro, the Euro US dollar and the pound dollar, especially if they stay in a sideways range trade, it's gonna be the Aussie and the New Zealand dollar, their weakness that really gives boost to the dollar index. So do they have weight? Yes, are they that strong? No, so I think that would mean that possibly if those other markets go, if they stay sideways and don't get bearish or bullish in their own, right? I mean, then I think the dollar index is gonna have a tough time. It'll stay positive, but I wouldn't look for it to climb very much higher. Okay, that was a quick nine minutes, man. Teddy, I appreciate the time. As always, great webinar on Monday, man. We had some awesome feedback. I appreciate it. There was a lot of words you jammed into that Monday webinar. And have a great week, man. We'll talk to you next Wednesday. Thanks, Tommy. You have a great one, too. Thanks, Teddy. Folks, we'll be right back. Stay tuned. TFNN has just launched their new trading room, the Tiger Zen, hosted at Discord. TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. 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Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Folks, as we jump around to finish up the program right now, let me get those numbers back up here in terms of the futures. We're sitting with an S&P up by six point now, NASDAQ 100, barely in the red. We get the Dow, NASDAQ 100 right now, negative by just nine points, Dow up by 150, man. 35,154, let's check in on some of the companies with action on earnings target up by 6.3%, about an eight dollar move, as we mentioned. That was about the expected move in either direction. It gets that move in positive territory for target shares. Walmart up about a half a percent. You got TJ Maxx out with their numbers up by 3.2% and jumping around to some of the other final headlines. We'll wrap up the program with, interesting one out here from the journal. Investors need to worry about the bond markets return to normality. Basically saying, hey, when we had zero interest rates forever, that ain't normal, man. Okay, so get used to it. You had tips, Treasury inflation protected securities hit 1.89% the highest since 2009 and back well within the range of what once counted as normal for the economy. Yeah, America has put the error of low rates behind it. Can it cope, right? What if this is the new normal, man? And what if, as everybody talks about, right? Even though the chairman would never admit it. All he talks about is we gotta get back to 2%. What if we're talking about 2.5 to 3%? What happens then? What if that's the reason why we've had yields just start spiking higher? And what that would mean? This is how things used to be, man. When we had 0% interest rates, this article talks about it. You had financers, financing companies that had no business being in business, et cetera. And yeah, so we'll see where we go from there. But yeah, that is something that may be coming to the market. Couple other articles, be careful. If you're looking for any of those weight loss drugs online, yeah, there's scammers everywhere, okay? Couple headlines, we're not gonna go through it. Dozens of websites are selling knockoff ozempic and Manjaro, no prescription required. Be careful out there, folks. And the last one, you're looking for a vacation on the cheap? Well, you wanna go hit up Arizona, man, in the summer. You can save about 600 bucks a night. That's what the Four Seasons is going for on Arizona, $400 a night. Compared to a thousand bucks a night somewhere else, you just gotta withstand that heat. Give Larry Pezzavento a call. Coming up at one o'clock today, if you wanna talk about it, folks. Thanks so much for tuning in. Stay tuned, Basil Chapman. He's coming up next with the Tiger Technician, folks. Have a great one.