 The following is a presentation of TFNN. The Morning Market Kickoff with your host, Tommy O'Brien. Good morning, everybody. I'm Tommy O'Brien, coming to you live from TFNN Wednesday morning, 9.06 AM. We got about 24 minutes to go until the start of trading. All the market's picking things up in positive territory. Right now, you're looking at an S&P, positive by 16 points. We were a good 20 points above the price level we're talking about right now up to 43.40 overnight. Right now, we're trading at 43.19. Man, early yesterday, you were trading at 43.99. Quite the sell-off, intraday. Yesterday, you go from about 43.74. We make a low of 42.80. Right into the close last night, we get a little bit of a bounce on the close, but you look where we are, and we're basically chopping around between about 43.00 and 43.20. You did rise above that price level between about 5.00 AM and 7.30 AM this morning. NASDAQ 100, up about 48 points right now, back above 14,000, 14,051. We're still talking about nearly 300 points below where we were yesterday, early, early yesterday. Dow off 100, off. Dow up 150 right now at 33,418. You got the Russell up nine right now, trading at 2,015. We jumped to Bitcoin, 43,775. Quite the pop in Bitcoin over the last couple of days, up to 45,000 and change. And you want to talk about pops. How about crude? 112 bucks. We're talking to our man, Teddy Kegstad, at 40 past the hour. He was calling for $100 oil, man, right past that level to 112. We'll see what his take is on that market, as well as in the forex market. Coming up at 40 past the hour. Jumping down to gold. Gold off $8.00. We were up overnight to a price level above 1950, right where we were towards the end of the day yesterday. You've backed off a bit. You see a little bit of selling there at about 5.30 this morning. We jump over to notes and bonds. And we're getting a little bit of a reversal of the action we had yesterday. And man, the action in the yields of the 10 year and just the price movement of the 10 year. You back things up just to last Friday. And you're talking about, and I think you gotta go a little bit further. Let's go back. Yeah, you are talking about a move from about 126 up to 129. And right like that, we're back to 128. Folks, in the span of two or three days, we've had three points up and one point down. In the 10 year, all as we get Chairman Powell out there speaking today, we got jobs number ADP today. Let's jump over to that. ADP, private payrolls added 475,000 jobs in February. So this number, we get the non-farm payroll number in about 48 hours from now. Friday, 830 AM, non-farm payrolls will come in. Wage data in the non-farm payroll report gonna be very important. But we add 475,000 jobs in February. Now remember, these numbers diverge pretty dramatically sometimes. They did last month as you had ADP coming in a little light and then you had the non-farm payroll number along with the revisions beating in a big way this month for February, that is. We had 475,000 and they also revised its January account from a loss of 301. I hadn't even looked past the headline number folks because the ADP is not a big moving number usually. What is up with the revision? The payroll processing firm dramatically revised its January account from a loss of 301 to a gain of 509. Well, there's the reason why, as I stated, it was so far off from the non-farm payroll number. What kind of revisions you're working with that you say, hey, we're about 800,000 jobs off. We didn't lose 300,000, we gained 500,000. These readings are almost worthless if they can swing that far in 30 days, right? They are. Large companies and leisure and hospitality businesses contributing the biggest gains. Can you get down into that number? 500 or more workers responsible for almost all of the hiring. Big companies, small companies struggling right now. Firms fewer than 50 employees recorded a loss. We'll see if those get revised. By sector, leisure and hospitality, biggest gains increase of 170,000. Trade, transportation and utilities, almost 100,000 added professional and business services contributing 72,000. On the goods producing side manufacturing added 30,000. And as they say, though the two can differed widely, the ADP count serves as a precursor to the more widely watched non-farm payrolls report comes out Friday. The market's looking for 440,000 there. But boy, man, I think I just almost wasted 60 seconds covering this. If you're gonna have those types of revisions a month forward, as they revised January from a loss of 301 to a gain of 509. Makes more sense with how the private, without the non-farm payrolls number came in for January. All right, what else we got going on? We got some companies with earnings, but let's jump around to some of the headlines I got going on. Yeah, we've all seen it, but pretty interesting in terms of what's going on in Russia, man, just from a financial perspective. Stock markets are closed again, right? I mean, everything's basically frozen and it seems like they're gonna be getting ready to pump some stimulus into that market when they finally get it back open. Yeah, Russia will keep local stock trading. Here we go, closed for a third day as it's wealth fund prepares to deploy billions of dollars to buy the country's stocks. We'll see how that plays out. I mean, it's a scary deal. I talked about it yesterday, no matter how this gets resolved, it's tough to see a good resolution at this point because Putin is so entrenched, he's gotta save face, he can't abandon. And when you combine that with the fact of how isolated Russia's gonna be, regardless of where this ends, a scary proposition for the future of Russia and the Russian people as the list of companies. I mean, what's gonna happen, man? Russia's got, I think, I was looking up like 145 million citizens. I mean, they can't fly anywhere. They can't do business with anybody. They can't, et cetera, et cetera. Not a good deal to be that isolated when you're under the control of somebody like Putin to say the least. The market's a little freaked out right now. Okay, we jump to Mr. Jerome Powell. Powell sees Fed rate lift off in March while Ukraine fogs outlook effects on U.S. and the Ukraine war, highly uncertain, he says. Can't disagree with that one, man. Lots of uncertainty right now going on. Fed must be nimble in data response, evolving outlook. I mean, just trying to play out the implications of oil going from 90 bucks on Friday to 112 on Wednesday, just those implications alone are very difficult to forecast. At the time of record inflation in my lifetime, you don't need oil jumping 6% a day, 10% a day to influence that inflation even more. Now, many times when inflation has risen previously it's been a result of energy prices. The core number this time though, the core number is off the charts without energy and food. You add those two on top of it, the headline CPI number, it is a big number. And if we start dealing with oil at these numbers, you're gonna see some headline CPI numbers that persist at a higher rate than the Fed was thinking. That's gonna be an interesting one to see if then they maybe go back to the core, if oil's higher, but if you go to the average American man, you got oil pushing 110 right now and war persisting between Russia and Ukraine, not sure where that one resolves itself. But yeah, Powell must be nimble in their response with inflation well above 2% and a strong labor market, we expect it will be appropriate to raise the target range for the federal funds rate at our meeting later this month. Can't be more clear than that, folks. Powell said Wednesday in remarks prepared for his appearance before the House of Financial Services Committee, the process of removing policy accommodation in current circumstances will involve both increases in the target range of the federal funds rate and reduction in the size of the balance sheet. 10 a.m., right at the end of this program, he'll start talking, but those remarks are already out. Stay tuned, folks. We'll be right back with Kevin Inks. 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. 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At TFNN, you'll get advice and guidance from the authority and 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. Welcome back, folks. We jump over to the S&Ps. Right now, up 17 points trading at 43.20. We jumped to some of the companies to sprinkle them around with earnings last night. You had CRM, Salesforce, with their numbers last night after the bell. We're getting into the actual numbers right now in a moment, but Salesforce up about eight bucks. But first, we're gonna jump over to our man, Kevin Hinks. Every trading day, folks, 12 noon Eastern time fast market on the TD Ameritrade Network right here on Tiger TV. Kevin Hinks, Tom White, the team at TD Ameritrade Network, they break down the day's market action. They bring out some great guests, talking to find risk, hypothetical trade setups, folks. One of the best ways I was able to learn options trading. Kevin Hinks, where do we start again, man? We got earnings, we got FedSpeak out there, and we got yields right back to almost 1.8%. Kevin, good morning. Good morning, Tommy O'Brien. Yeah, if anyone out there was expecting OPEC Plus to come to the rescue in terms of oil production, they just had about a 15-minute meeting and changed nothing. So if you're waiting for them to come to the rescue, that's why Crudeau is currently $110. So it reminds me, Tommy, one of my favorite movies is Darkest Hour, the story about Winston Churchill. One of the best quotes from that movie is, you cannot reason with a tiger when your head is in its mouth, Tommy. And so we're trying to deal from an area of weakness when it comes to Crudeau. And the people that we need to help us have no interest in helping us, Tommy. You know, it's remarkable. I was reading some of Fed Chairman's Powell's remarks that are out before he starts talking at 10 o'clock Eastern time this morning, and he was talking about just the uncertainty, which is to put it lightly with what's going on in Ukraine and Russia. And I said, man, just the uncertainty alone, Kevin, when you got oil going from 90 bucks to 112 from Friday to Wednesday, that alone, the uncertainty that that presents, let alone everything else that comes with the unfortunate situation going on over there, a lot of uncertainty to put it lightly in this market for the chairman and for this market. And the VIX reflecting that, man, with yesterday's action, we're still at 3318. We were up to 35 basically yesterday. Yeah, so we have Chairman's Powell today, some strong ADP number. What did you think of the revision? Did you see the revision, Kevin, of the ADP number from January? They went from a loss of 300,000 jobs to a gain of 500. It makes sense with how strong the non-farm payroll number was in there, but pretty remarkable. Some of the volatility and even the economic numbers coming out. Well, yes, of course, I saw that number. I saw it come out live and I just spoke about it on the air. And I can say, what is going on that they missed by that much? What, a relief like that, where you revise 800,000 jobs should come with some type of a disclosure and an explanation of how you missed so badly. Because in my view, it minimizes the effectiveness and the legitimacy of that report. How do you miss by, that was a big deal when that number came in negative 300,000. How does that happen? And then they revise it to plus 500,000. When I see something like that, Tommy, personally, I stop looking at that piece of data. Kevin, you're speaking my language, man. I let off the show and I'm going through the article. I said, talk about Barry and the lead, right? With the revision in there. And then I said, folks, I probably just wasted a minute of my time talking about these numbers. If that's the type of revision 30 days forward, you're gonna see, because what's the point of covering the headline number, man, if it goes from minus 300 to plus 500 a month in advance. So I agree, it's staggering, man. But we get the non-farm payroll number on Friday and the market waits for that, of course. We'll look for wage data. We got some companies moving with earnings already today. Nordstrom, accelerating higher, man, quite a pop for them from 19 and change up to 27 last night. You're at 24. Salesforce, some decent numbers out there as well. What are you guys gonna be talking about coming up at noon today, Kevin? Yeah, we got three good names for it today. Like, Folio's gonna do a presentation on Best Buy. And then we're gonna do Snowflake and Splunk. So real good names today, second level, but still really good names today as we get to the back end of earnings season. Pretty cool, man. I got a chart of Best Buy up here on the Thinkorswim platform. You're up to 141.97. Late last year, you pull back, man. And I got a Fibonacci retracement, Kevin, going from the COVID lows of 48 bucks to the high of 141. And we came within literally about a buck and a half of the 618 retracement folks. I got it up on the chart. I like those Fibonacci numbers sometimes. I keep my eye on them, but pretty remarkable some of the retracements, Kevin. We've gotten in this market Best Buy, one of them. I'll be watching the program to see how you guys are gonna trade it, man. We appreciate the conversation, man. The education as always, Kevin. We'll be watching at 12 noon Eastern time today. Have a great day, Tommy. Thanks for having me out. You too, Kevin. Always a pleasure, man. Take care. Folks, tune in every trading day with everything going on right now. It is a great time to check out their program. They get some great guests that they bring on. Like Folio does a tremendous job if you've never checked it out. Talking about consumer sentiment. Pretty cool how they break things down like Folio, especially when you're talking about the consumer side, consumer sentiment side of some of these equities as they come out with their earnings. Best Buy, we jump over to the Analyze tab. You're talking about a $10 move, so more than a 10% move priced into their numbers. You're trading at $97, their earnings out tomorrow. Tomorrow, March 3rd, $10.50 to a cent move priced in for a $97 equity. And as I said, always nice when you get that type of a pullback, man. I love the 382, I love the 618. Those are my two favorites. You see that area? At least you have a plan when you have that type of price action, folks. It's an area that you at least have a plan as in your backs against the wall, the 618, trades below there, your plan has gone wrong. And you can at least get out. You pop, there you are. You trade down to 85.58. I got on this chart, 84.08. Now let me see pre-market, where we went to, because sometimes, yeah, 82.51, pre-market to be exact, okay? So it does not show up some of the pre-market action when you put this thing on a weekly or a daily. So it actually made it down to 82 and changed just below that area on the 618 before it popped a lot of equities doing the same thing, folks. Salesforce, they were out with their numbers last night. I mentioned it, check it out. Same exact formation, basically. You trade up from COVID lows to a high, a 618 retracement, that retracement. You just jump below that 618 briefly on Thursday morning. You've popped a bit, Salesforce was out with their numbers after the bell last night. I'm gonna bring up their numbers. I don't think I have it up right now. I was reading them this morning, strong numbers. Let me see if I got, I think this was the one I was reading about. Yeah, so this is gonna be some tiny text here. I'll blow it up. But they top 7 billion in quarterly revenue for the first time. Very excited about Slack was kind of the theme between the CEO and chairman and founder, is it Benoit? Mark Benoit, I think. Remarked how acquisitions like Slack and Tableau Software, its largest acquisition in Till Slack have transformed the company. Yeah, $27.7 billion they spent on Slack. And they said $592 million of its 14.19 billion, the deposit from the last two quarters was from Slack. Margin slipping a little bit, dropping a 15% from 19.8 for the quarter, but you come in on the year at I think it was 18.7%. Yeah, for the year, Margin's 18.7% and they're doing $7 billion a quarter in revenue. Decent numbers and sales force. You're gonna trade a little bit higher on the open. We'll see how they fare on the opening bell, but sales force up to 250 and 50. Excuse me. And as I mentioned, right back to the 618, you plunge below that level on the early Thursday action of last week. There are a lot of equities folks that plunge through some levels last week on Thursday. But man, you look at how they performed on that day, might have found a bottom on some of these equities sales force. We'll see how they open in three minutes when we come back. Market's catching a little bit of a bid in the last few minutes. You got the S&Ps back up 20 points, about half a percent. You got the NASDAQ 148. You got the Dow up 175. Stay tuned folks. I'll be right back for the opening bell. Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex predator in the trading markets and join the Tiger's Den trading room only at tfnn.com. The Tiger's Den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas. Join the den and surround yourself with the sharpest minds in the trading world. 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Using this first-of-its-kind program, The Art of Timing the Trade Charts allows you to scan thousands of stocks for Fibonacci formation setups, including Artleys, ABCs, Butterflies and much more. The Art of Timing the Trade Charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days, weeks, or even months searching to find. And right now, we're offering licenses available at only $79 a month. We are so confident that you're gonna 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. 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. Welcome back, folks. We've got markets open right now. You got the S&Ps up 24 points. That's more than half a percent in the green. You got the NASDAQ 100 up about 410th percent, trading at 14,059, Dow catching a bid, up about two-thirds percent, 222 points in the green in the Russell, up 16 points as well. Bitcoin, negative $375 right now, $43,910. We're gonna jump to a Bitcoin story next. Crude oil holding pretty well at 110. As I mentioned, we talked to our man, Teddy Kegstad from forex-trading-unlock.com. Coming up the next segment, folks. We'll be talking some crude. We'll be talking some forex. Always interested in that conversation. Always a great nine minutes. Go contract. Give him back some of the gains. You're off 12 bucks right now at 1931. And no 10 bonds pulling back right now. You're talking about a yield rising pretty quickly to almost near 1.8 percent. Where are we at right now? We're at 1.79 percent. We were at 1.7 percent yesterday. Risk off. We were at about 2 percent last week. Staggering, staggering moves in the 10-year. Now, what I will say is when you had the 10-year yesterday trading up from 1.2706 to 1.2802 at 7 in the morning, you did have some volatility, but you were back there by 10.40. That was an indication that things may go south with the market more so than they were at that time. Because to bring back where the market was at that time, OK, let's do it again to make sure in terms of exactly time. Because I've seen it before, folks. And any time you see the yields move so dramatically and the market hasn't caught up yet, so at 7 in the morning, you had yields up a point and a half from where they were at 2 in the morning. So again, 7 in the morning, OK? The S&Ps yesterday at 7 in the morning were still trading at 43.40. We had another 60 points to go to the low spokes, and we're still below where we were yesterday when the yields were at that level, OK? Something to keep your eye on. Anyway, there's the chart, because that was quite a move. The market probably should have been down more. If you had the price of yields up that much, you had yields down so much. You had the price of the 10-year futures up so much, and you saw that escalation pretty much all day yesterday. All right, let's jump around to some of the other stories I've got pulled up here, jumping around. Yeah, I mean, this headline, it's almost not even worth going into, but we know how it happens. Commodities hit new highs as traders shun Russian purchases. We'll be talking a little bit of crude coming up on the next segment. How about Ford? They're going to reorganize to run EV and engine businesses separately. They set target for 2 million annual electric vehicles by 2026. It's going to operate distinctly from Ford Blue and their E-Unit. Market probably is going to like this, folks, all right? Yeah, and you trade higher on that news. You're up by 4% on Ford because you see the acceleration that, and I'm not even talking about Tesla because we all know them, but even like Volkswagen, as they have really ramped things up, they're coming. They're coming quick with their full fleet of electric vehicles and their stock being rewarded. So the newly formed Ford Model E-Unit will scale up the automakers EV offerings and develop software, connected vehicle technology and services for all of the company. I mean, what's going to happen, folks, is the gas vehicles, they're going to get phased out. So it would make sense that you have two different units, one of them completely focused on electric units, electric vehicles that will be the future. Ford's ambition will be to become a truly great world changing company again, and that requires focus. That's the CEO Jim Farley. We're going all in, creating separate but complementary businesses that give us startup speed and unbridled innovation. The shakeup, along with new targets for higher EV production and overall profitability, have Ford trading higher today. And we take a look at Ford. Now talk about getting a little bit ahead of yourself here. They launched the electric truck, the Ford 150, the electric Ford 150, and the market just doubles from the span of September to highs at 2587. Quite a pullback recently, but out of curiosity. Let's see where we are on a Fibonacci pullback here. We took a look at the run we had. Basically started September 20th. That's quite a pullback. Yeah, almost a 786, that full pullback. And that is with a low of $1596. And I'm guessing if we put this on a chart, you actually made it to $1579. It was the low of last Thursday. So yeah, I mean, that's quite a pullback. That breaks all Fibonacci levels there. But you're sitting right at the 618, which is interesting, with that entire run you had, from 12 to 2587, sitting at 1767. Right now, you jump over to the Analyze tab. You jump over to the Fundamentals. We're talking about a company valued at $770 billion. So that's quite a valuation for Ford. But yeah, up 6% adding to that valuation today. Let's see how some of the other companies who had their earnings open up. Salesforce, they give up some of those gains on the open. You're still positive by 1.2%. We talked about Ford, had their numbers. Let's see how Nordstrom's dealing on the open. Yeah, up 30%, man. So I was reading about this again during one of the breaks during the program. Key strides in its off-price rack business. I'm a big fan of Nordstrom Rack. They had a nice one in Tampa, been there many times. And the Nordstrom Rack had been struggling because they were struggling to pick up goods when this is during the pandemic, the rack has struggled to procure merchandise since it relies on other appellable brands to offload items to sell at clearance with less clothing inventory to go around. The company has had difficulty stocking shelves and they compete with other off-price chains. TJ Maxx, Ross Burlington, and Macy's Backstage. Not familiar with Macy's Backstage, but I guess trying to copy a Nordstrom Rack. Earnings, $123 versus a buck O2. They beat on revenue as well. And forecasted growth. They're gonna grow at 5% to 7% compared to 2021 levels. They were looking for 3.7. The market loves that. It sees earnings excluding the impact of any share repurchase activity in the range of $315 to $350. Market was only looking for two bucks. So they beat kind of across the board there and they're getting rewarded for that. And you got Nordstrom up 30 bucks, excuse me, 30% right now, up $6 almost at $25.44. We take a look at Nordstrom on a three-year weekly. And yeah, I mean, if this is the turnaround folks, they got a long way to go right now. You came into COVID at 40 bucks. You were as high as 45 early last year. Let's just see out of curiosity. I mean, probably like 786 again. Yeah, another deep 786 retracement. And you're sitting right at the 618 again. I don't really like trading that 786, but it is a Fibonacci price level to keep your eye on and the market chops around there before it trades higher. But decent, decent forecast, which is what you like to see in an equity folks in terms of forecasted growth. And you're talking about a market valuation right now about $4 billion. Not a bad valuation. When you think about if they are gonna about to turn around and ramp up their profitability and their sales, they'll stop being able to procure merchandise for the Nordstrom Rack, et cetera. Not a bad market capitalization to be able to grow from, especially when you got about a double that's potential. If you just trade back to the hyzer, you were at last year for Nordstroms. All right, let's jump down the line and see what else we got going on. We talked about Nordstroms, Salesforce, Ford. Ross stores was out with their numbers as well. They were trading higher pre-market. They beat with a bucko for a share. Market was looking for 87 cents. They have 5.02 billion versus 4.96. That's not it, R-O-S-T, I think. There it is. You're up 8% for Ross stores and pretty similar deal, right? In terms of quite a pullback for these equities as we were not quite out of COVID like we thought. I mean, recall, vaccines start coming to fruition. Last March, last April, people getting double vaccinated, right? We're kind of breaking back out. And then we got a couple of waves and we realized it wasn't over unfortunately and you had these stores trading back from 134 to 96. Stay tuned, folks. We'll come back with Teddy. It should be a great conversation, we'll be right back. Are you in the market for buying or selling real estate in the Bay Area, including the surrounding St. Petersburg, Tampa and Clearwater markets? 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At 109.50, we were up as high as 112.51. Let's jump over to our man, Teddy Kegstad. You can reach Teddy, folks, every trading day at forex-trading-unlock.com. We talk to Teddy every Wednesday at 40 past the hour. I've been waiting for this one, Teddy. Good morning, man. Good morning. How about the crude market today, huh? I don't know. How about it, man? I haven't noticed it. Where are we, Teddy? Yeah, quite a market in this man doesn't. Well, we're up $15 and since Sunday night. That's what we are. Congrats on the call that's been out there for longer than I can remember, man. Quite a market, quite a run-up. And you've been talking about $100 crude for a while. And, man, we just blew through that remark. So give us a little take on what you're looking at for crude now that we're sitting at 110 with everything on, Teddy. I think we definitely have. Well, after last night's speech, we know for sure now that the solidified bull rally in oil is not going to stop. It's going to keep on going in a big way, too. Like, we blew through $100. I think, you know, I said after $100, maybe we'd have some stability, you know, because people would start. We're not going to have a chance for people to check their pocketbooks and not buy gas to control this thing. We're going up to $150. And if these policies, especially what's going on with the Ukraine, keep continuing with the tone that we have right now, we'll see over $150 a barrel easily, very, very soon. So, I mean. What tone is that? I'm not really aware when you say that. Okay, well, you look at last night. You put, we know that in the last week, we put all these sanctions on Russia. We also announced our country and these other countries that any country that deals with Russia, sanctions will be put on them, correct? I mean, this is something that's been going on now for a week. They've been speaking about this or dealing with the banks and what have you. Well, we're in violation of our own sanctions. We're buying oil from Russia right there. So until we change that tone and stop buying oil from Russia and turn our pumps back on, this is not stopping. We're paying for Putin's war right now, okay? So this is not going to stop. Oil will not go down until we start pumping, you know? And now you have China kicking up their heels. Japan's worried, you know? And there's already talked that Japan wants us, you know, if they're part of NATO as well, you know? I mean, they're part of this whole fight against, you know, China and Russia. Supposedly, what happens when China kicks up their heels with Taiwan, you know? Are we going to help give oil to Japan? Well, no, they're going to have to deal with Russia. Where else are they going to get it from, you know? The closest place they can get it from is there, you know? So I mean, this is going to continue to escalate, you know, and as far as the price of oil, I can't even begin to see why it would not continue to go higher, you know? I mean, there's nothing set right now that would do that, you know? We would have to start turning our pumps, you know? To tell the Middle East to pump more, which they are, what's that going to do? I mean, that's not going to change things, you know? And as far as these sanctions, if you think that Putin's not selling oil to other countries, well, he's selling it to us, so he's still bringing in money, you know? And they don't deal in ruble, so it doesn't matter that the ruble's crashing, you know? I mean, you have a commodity that you have, I mean, the strength of the dollar right now is there, you know, and the biggest vulnerability we have now is that oil is helping to keep the dollar strong, also with our interest rate posture that's helping to keep it strong. What happens if all of a sudden we did turn on the pumps and what have you and the price of oil correct collapses and gets back down to 30 bucks? What does that do to the U.S.? It's good for the consumer, but to the dollar, it could have a big impact on the dollar, you know? So then all of a sudden, the dollar, it starts to go down, you know? See, right now we're in an inflationary period. The dollar's strong, we can handle inflation to a degree. What happens when you have inflation and then you have a devaluing dollar? That's gonna be very dangerous for our economy, especially the forex markets. Yeah, it's pretty remarkable, everything going on right now. With the influences, the variants, the volatility and crude showcasing that most men, talked about many times, man, it's, you know, of all the things going back and I'm just thinking out loud, Teddy, the oil trade might have been the best one going back to the COVID lows, man, because you go from negative 30, 40 bucks a barrel, man, and it's been basically a one-way trip up to 110 bucks. I think we've all learned a lot over the last two years about, you know, unfortunately how the world comes out of a pandemic, man, and we were all very wrong on a lot of facts as we started this off. So jumping from crude, we jumped to some of the other forex markets over in the world. What are you looking at with, man, it's like I've never experienced a geopolitical issue like this in my lifetime in terms of just everything in play worldwide, all the kind of players that are piling on and how that's impacting some of the currencies. What are some of the pairings that you're looking at most this week? Well, this week I'm definitely looking for the end. The end I think is gonna break out to the upside finally. It's been chopping around now for the past few weeks, but especially with what's going on with these tensions, I would expect them to start to break out to the upside, pushing the 117, 118 barrier. If we do break out to that upside level, that's a very good monthly and weekly breakout area also to help maintain the bullish trend. Everything that's going into play with higher oil and also everything else that's going on geopolitically, this helps to keep the bull market in the US dollar yen going. So I would say buy dip posture, looking for higher move highs, you know, 122 is still on my radar. As far as the Euro, that's a different story. The Euro is not looking so hot right now. I think that you're gonna start to see a continual erosion of the Euro and starting to hit support more and more as this war goes on. The Swiss, ironically, you know, we heard what they did yesterday as far as with the Russian freeze in bank accounts and what have you and stuff like that. I don't think that that's necessarily gonna be the biggest influence on their currency right now. I think it has more to do with what's going on with the EU and them having to help support the EU during this crisis, which I don't think is going to end anytime soon. You know, I mean, here's the one thing about Russian history you have to remember, whether it's in the past 100 years or even going back hundreds of years, nothing with Russia ends quickly, just doesn't, you know? So there's a lot of momentum on their side right now. We don't need to get into the points of the argument, but the more, you know, I mean, especially with NATO, you know, the more we build up in these countries, the more of a friction point we're coming to, you know? So it's hard to ask someone else to turn around and back down when you're getting in their face more and more, you know? So I mean, this, I think these tensions are gonna continue to weigh on the Euro. Now the British pound, I'd be very careful with that one. I still think that that's a neutral currency and has a potential, especially if oil continues to rally there's a good chance that you'll see the British pound rally, actually, you know? So there's a big divergence going on in the currencies. And I would also look at the Australian dollar and the New Zealand dollar to continue to go to the upside. I think that they've rounded out a bottom. I don't think that, I mean, I don't wanna call a bottom, but right now with all the influences and especially with inflation and commodity prices as Australia comes back online and starts delivering more and more, especially to China, which is gonna be consuming again at a rapid rate, these are things that are gonna help with their currency. So that's why I'm very leery of what's gonna happen with the US dollar over the course of the next year. I think it's gonna stay strong in the short run, but we're starting to lose strength versus some of the major currencies. So if we do have a bottoming out period with Australian dollar per se and also the pound, those go against us, dollars can get hit really hard. Well, Teddy, we're gonna talk to you in a week, man. And who knows where oil's gonna be by that point, man. But listen, we appreciate the conversation as always, man. And I look forward to talking to you next Wednesday, Teddy. All right, take care, Tommy. You too, have a great week. Stay tuned, folks, we'll be right back. Sharpening your skills as an investor is like getting 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 and technical market analysis. And it's not just dry, tedious text either. 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Right now, NASDAQ 100 up about 2.30%. 14,100. Dow up 9.10%. And the Russell up 1.5% right now, up almost 30 points. Bitcoin back near 45,000. All the markets catching a little bit of a bid. You got crude pulling back a bit at 108.72. Gold's off $13 at $19.29 right now. We got yields inching ever towards 1.8% right now. It seems as you got the 10-year, we're down a full 26.5 ticks right now at 127.28. You're more than a full point off of where you were trading at just yesterday. Crazy action, man. You go from 2% to 1.7% to 1.8% just like that. We jump over to the VIX volatility index right now, sitting at 32, pretty lofty level, probably deservedly so with the swings we're getting in this market. Let's jump around to some of those stocks that had earnings and see how they're shaking out this morning. CRM, they give it back real quick, man. Just like that, you're negative on a positive market day on their numbers to 207.67. We jump over to Nordstroms. They gain on the open up 33.5% for Nordstrom. Ford, out with, yeah, as I said, market going to like that, splitting their company into two different companies with electric vehicles and gas vehicles so they can focus on electric vehicles being the future. For Ford, we also got Ross Stores out with their numbers. They're up 7.5% as well. Interesting action. Let's jump around to some of the fang stocks. Amazon, basically flat down 3.10% right now. Microsoft shares up a solid percent right now at 297. Decent acceleration from Microsoft, but you got the S&Ps up almost 1%. Right now, you jump over to Apple shares, up about half a percent. Fan favorite Tesla, up 1.4% right now. Yeah, should be an interesting day to say the least, folks. We got Chairman Powell. He starts talking, coming up at 10 o'clock when our man, Basil Chapman, is gonna be calling it live for the Tiger Technicians Hour. Don't miss his program, folks, coming up right now. After that, we got our man, Larry Pezzamento, live at 11, Fast Market, coming up at 12 o'clock. They're gonna have some interesting companies. They're gonna break down, as Kevin talked about. Then, of course, Steve Rhodes live at one, Dave White live at two, and Tom O'Brien. My dad, live from three till four. We got volatility, folks, just like that. We're 13 points off the highs we just made in the last 10 minutes. Stay tuned, folks. Basil's up next. Have a great Wednesday.