 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 alive from TFNN 906 a.m. Thursday morning We got about 24 minutes to go until the starter trading and we got markets in positive territory to kick things off We zoom in on the S&Ps last night you sell off right into the clothes You close at basically lows of the session in the S&Ps at 44 46 Since then it's been upward action in the overnight session We reach a high at about 7 a.m. This morning of 44 81 We're just off that high right now still positive by about half a percent Nasdaq 100 positive by nearly two thirds percent right now up 90 points at 14,000 five thirty seven You got the Dow up one-third percent right now 120 points in the positive 34,000 370 quite the sell-off of the Dow yesterday you were up at about 34,780 you trade down about 500 points By the end of the day Bitcoin continuing to rise. We were at forty three thousand five thirty early this morning We're still up 700 bucks on the session on Bitcoin. How about Ethereum back above three thousand recently at three thousand twenty one? crude holding relatively steady We were up to 116 handle last night. We're sitting right at about 114 this morning We jump over to gold continuing to rise. How about that spike in gold up to 1958? We get some economic numbers this morning. We got a weekly jobless claim number lowest number since 1969 we also got a durable goods order that's far off the estimate. We'll get into that in a moment notes and bonds Lower price higher yield coming at you folks We're talking about a yield right now of two point three eight percent two point three seven seven to be exact On what I have you got a slight reprieve yesterday up to almost 12312 man the moves just remarkable in this market. You look where we were last night at four o'clock The tenure was trading at 123 11 you trade down almost a full point in the overnight session 122 11's right here on the chart. We make it and we made it to 122 16 yields right back near highs right now approaching 2.4 percent we jump over to the volatility index this morning We got a low of 2264 yesterday ceiling sitting relatively near that price level right now at 2340 All right jumping around to some of the headlines Let's pull it up and we'll kick things off with initial jobless claims 187,000 that's the initial unemployment claim number decreasing by 28,000 that's for the week ended March 19th The estimate was for about 210,000. That's the lowest number since 1969 I believe the one it beat was 183,000 the initial jobless claims number obviously a lot more people in the country than there were More than 50 years ago, which is remarkable continuing claims dropped to 1.35 million Continuing claims always one week delayed versus initial jobless claims. So that talking about the week ended March 12th Drop consistent with labor market employers are desperately trying to hang on to workers I was cluing into Bloomberg real quick this morning when I was watching this 830 number because we got durable goods Which we'll get into in a moment, but we also got initial jobless claims And what I found remarkable was that Mike McKee who does a great job out there a lot of their data Was almost like wow 187,000 we got to dig into what kind of adjustments we got here usually his take I agree with But folks, it's only 20 or 30,000. I mean the variance in some of these numbers It's actually remarkable that it's so steady when you think about everything going on To me the difference between 190,000 and 210,000 on a national scale right now Almost meaningless really with everything else going on You're gonna see more volatility than usual with everything in play here We have parts of the economy opening back up We have parts of the economy that are being hammered by energy prices We have parts of the economy that are getting hammered by inflationary prices that they cannot Pass on to their consumers and then of course you have supply shortages everywhere depending on what you're dealing with all of that Leading to volatility in a big way in the jobs market in both directions in both directions for sure Okay And here we are for our capital goods orders US orders placed with US factories and business equipment unexpectedly declined in February The value of cap core capital goods orders decreased point three percent after an upwardly revised 1.3 percent gain a month earlier here bookings for all durables or items meant to last at least three years fell 2.2 percent first decline in five months reflecting a drop in orders for commercial aircraft excluding transportation Durable goods orders dropped point six percent so commercial aircraft with war going on Not an attractive purchase with everything in flux in Europe I imagine for purchasing airplanes as maybe they wait to see About European travel international travel etc. Consisting nonetheless We get those two economic numbers out this morning on the market kind of just takes it in stride pretty much As we check back to the S&P We're up 21 points right now. You're gonna see a little bit of volatility around that number. There's your 830 volatility We're sitting basically to the tick of where we were on that number at 44 68 All right jumping around to some of the equities at the action. We got Darden restaurants out with their earnings this morning Darden Down about $2 little bit of volatility on their numbers and jumping back to it they missed so I Think they missed on earnings and revenue. Yes, they did earnings and revenue that missed expectations Omicron variant hurt customer traffic staffing levels and its expenses They own Olive Garden. They own a couple others. They own seasons 52 Which is a great restaurant not as prevalent as oven Olive Garden, but I encourage you to check out a seasons 52 folks If you've never been to one Discover that restaurant like 10 15 years ago when they were first just building it out We're very fortunate in Tampa actually that some of these bigger companies, especially Darden. They'll start introducing They'll try and take some of these companies In this area first before they expand it nationwide and seasons 52 is a health-conscious restaurant yet very upscale It's kind of cool that you walk into a place It could be any five-star steakhouse or something like that Maybe I'm exaggerating a little bit. Maybe not that high scale, but they have a great wine list They were great atmosphere, right? Maybe they got a guy in the piano or a woman in the on the piano in the corner by the bar plant some nice tunes And with that each of their meals super health-conscious when they first launched I'm sidetracking a little bit, but it's a restaurant worth noting folks when they first launched it Every single meal was under 475 calories and some of their meals were a steak and mashed potatoes And veggies say how do you do a meal that steak mashed potatoes and veggies? 475 calories sitting at the bar one time talking to the wait staff asking them that same question Do you know what the key was folks? No butter no cream now making the meal good without putting butter and cream in that's That's the probably the tough part there, but no butter no cream That's where all all those calories all that fat really comes from again nice slice a lean steak nice slice of filet With so a little bit of potato seasoned correctly. Nonetheless, and and that thing took off after that In just going across the country seasons 52. Nonetheless, not so much the case in terms of January They're dealing with some problems buck 93 versus 210 they miss by Yeah, that's billion I gotta calculate my math my math there That's that's a 600 million dollar miss on revenue when it's just a decimal point, but you're talking billions there third quarter net income 247 million up from 128 million a year earlier a year earlier obviously still struggling the restaurants But they fall short Fine dining business also disappointed Yeah, so they have capital grill in there as well great restaurant capital grill long-haired steakhouse olive garden Longhorn starts same-store sales rise 31.6 percent in the quarter We're gonna do this a little bit more when we come back folks when we whack with our man Kevin Hanks from TV Ameritrade fast market We'll be right back Everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most Aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns You can take advantage of sign up for the Fibonacci 24-7 newsletter at tfnn.com when you subscribe You'll get a weekly report from veteran day trader Larry Pezzavento on stocks You need to pay attention to and you can trust Larry's analysis after all He's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from Larry on market movement You need to act on at any time first-time subscribers also get a 30-day money back guarantee if you're not satisfied Let us know and you'll get a full refund within 30 days of signing up Subscribe to the Fibonacci 24-7 newsletter today tfnn.com educating investors What's separating you from the most successful men and women on Wall Street? That's right Information having all the information gives us the perspective We need to place the right trades at the right time the TAS profile scanner is the premier market profile base scanner Powered by its acclaimed TAS proprietary algorithms this feature rich scanner instantly filters over 2,500 plus global financial markets such as stocks ETFs commodities futures and forex This powerful suite of tools Leverages instant trade filtering and strategy formulation to show you emerging trades Before they happen for a limited time You can save $100 off your first month by using the promo code upgrade and you still get a 30-day money back guarantee So you have nothing to risk Level the playing field with the TAS profile scanner which you can find under the services tab at tfnn.com Sign up today Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority 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 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 get the S&Ps right now positive by 21 points on the session NASDAQ 100 You're positive by about 83 points Dow up 115 all the markets in the green this morning Let's jump over to our mad Kevin Hinks every trading day folks 12 noon Eastern time fast market on the TD Ameritrade Network streamed live right here on Tiger TV your host Kevin Hinks Tom White Great guests great lineup folks break down the day's market action. They set up hypothetical trades. They walk you through them They talk about risk reward. You're talking about trade management. You're talking about rolling Kevin Hinks. Good morning Good morning, Tommy O'Brien. Yeah green across the board today at least to start obviously that means nothing once the market opens But we're up between oh a third and a half percent here to start the day NASDAQ a little higher than that Good jobless claims data pretty soft durable goods data Your durable goods data taken out a little bit of a volatile tone the last two months big number at last month on the upside 1.6 percent Down about six billion dollars or about 2.2 percent for this month So not really surprising with everything going on in Autos and airplanes and things like that that we're seeing some volatility in that that Headline number extra transportation though was still weaker than expected So some of it is expected some of it the numbers are even more than expected But how about Tommy the jobless claims number first-time filers for unemployment insurance You had to go back to about 2009 to see a number that low that is extremely low and maybe Tommy That's starting to connect the dots to another strong employment number in first week in April Yeah, you beat me to the first question Kevin was just kind of a to expand and you kind of already did on that jobless claims number Quite a number man Now you've walked us through it before just for those listeners that haven't tuned in in terms of on a Historical basis Kevin right, you know where this jobless number sits Somewhere around what to above the 200s 225 or something like that really remarkable though We're now sustaining levels. It was it was at 210 for a while We were like 215 now we're pushing 190 or maybe that the average is gonna push down As you said we look towards, you know April jobs, etc But what's your take on the jobless claims number for those that haven't heard it because I you've given me this a Couple times in terms of the meaningfulness of that number Kevin versus some of the numbers we get like a non-farm payroll and those Right. This is a little more high-frequency data, right? Because it's every Thursday We get that number So you start to get a feel on a weekly basis of is the economy moving in the right direction in terms of the labor force So now you can start to say with these numbers so low each week Maybe some of those people on the sidelines those 10.9 million open jobs that we see in the jolt number. Maybe that number is starting to come down again So hope you know, maybe some of this data will Low into a another strong jobs number like we got a month ago Tommy So it's certainly a positive number. Yeah anything around 230,000 240 230 and lower is a strong labor market Tommy So this 187 that's incredibly strong. So good numbers so far today for sure I think you've talked about it before like a healthy churn, right? Just a healthy churn, man We got, you know, how many hundreds of millions of people in this country, man When you talk about 200,000 on a weekly basis, that's just sometimes the shuffling But yet now we're under 200,000 man. It seems like that's the trend, you know for sure We got yields Kevin coming back up. We're near 2.4 percent right now Markets catching a pop as well kind of the trend from from the last week or so We have some numbers out this morning Darden okay numbers, but they're trading a little bit lower They miss on earnings and on revenue, but pretty decent numbers You're only off about a couple bucks from that stock and that thing has had quite an acceleration recently We're coming into the end of earnings season man. We're coming into the end of march What are you guys going to be talking about on fast market coming up at 12 today, Kevin? Like folio is going to do presentation on shake shack. And so what we like to do I'm hosting today Tom white taking a day off I like to do with the themes around that when like folio's doing shake shack We're going to follow up with chipotle and mcdonalds today, Tommy So we'll do chipotle in the a block shake shack in the b and all things fast food today, Tommy So, uh, you'll probably leave the show a little bit hungry Ah, that's perfect, man. I like all three of those man shake shack mcdonalds chipotle Chipotle man quite the all of these stocks man quite the move chipotle from 415 to 1958 You just back down a bit shake shack. I mean a almost kevin a I look at we you were talking about some of the payment processors yesterday You pull up a chart of shake shack man They have a pullback that's almost just as aggressive from 130 80 year ago to sitting at 68 bucks just remarkable across the board Some of the volatility on these equities. Well, kevin, we appreciate the time. We appreciate the conversation, man We'll be watching at 12 noon today. You have a great day and have a great weekend man. We'll talk to you on tuesday Thanks for having me on Tommy. Have a great day. Always a pleasure folks tune in every trading day 12 noon eastern time Outstanding program. You heard the equities. 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I've learned a lot myself I know i'm biased because they're a sponsor, but I'd say it anyway folks I tell friends I tell family my life check out that program if you want to learn about options outstanding program All right s and p's up 22 points right now. You got the nasdaq up 90 points Let's jump around to some of the fang stocks see how they're trading this morning Amazon shares quite the pop from a couple weeks ago remarkable that just recently we were trading at a 2600 handle on amazon this month We're up at 32 68 right now Somewhat in the middle of this consolidation area for amazon you've been in almost approaching two years now Which is remarkable. I think I said on one of my programs Excuse me a couple days ago If you think you missed the run on amazon yet You're on amazon aware it was trading at a year and a half ago. That's not missing the run folks All right, this is quite a consolidation my take is risk reward wise a much higher reward potential that amazon eventually breaks out of this to the upside Then you see it down to the downside But boy did not imagine that many people probably did not imagine when amazon was up at 3700 last july when it was up at 3700 in november that it potentially had a 26 handle coming at you in no time So this market it can humble anybody folks Never think that you know better the pandemic It it taught me one thing and I hope it taught many people one thing is that never think you're smarter than the market And never put too many eggs in one basket folks. You may be the most brilliant person out there Uh, and something could come out of left field A pandemic could strike a once in a generational pandemic, right? A war could begin a meteor could strike the planet Okay, um now that's that's that's a little excessive But a pandemic is pretty excessive too and it happened two years ago and we're just really coming out of it. Um You know you I I was talking about at that time, right that I'm sure there were people Imagine yourself a retiree you like cruising Understandably you've worked all your life. You've saved up a lot of money You say me and all my friends are cruising. This is the best retirees these cruise ships. They haven't made I'm really strong on the cruise ships. I can't see them ever struggling when they provide such great affordability Um for everybody to be able to enjoy a few days out at sea So what do they do? They put a lot of their retirement money into some of the cruise ships because that's the way they live their life And then the pandemic hits and carnival goes from 50 bucks to eight, you know, don't do that It was a big lesson and uh side track there, but something I learned. We'll be right back folks 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 Subscribers to the tiger's den are also the first to have their questions answered live on air And can privately chat with our tfnn hosts live during their shows Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day Subscribe to the tiger's den risk-free with our 30 day money back guarantee and become part of the tfnn trading community tfnn educating investors You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more Check out tfnn and tiger tv and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you Whether you're into trading gold metals futures currencies or options You'll get advice and analysis to help you seriously get ahead tfnn also features trading services with a 30 day money back guarantee for new subscribers As well as tfnn's tiger den trading room trading software and educational webinars for all trading levels And make sure you check out tiger tv for free on tfnn.com or tfnn's youtube channel for live financial content From 8 30 a.m. To 4 p.m. Eastern on market days Stop watching on the sidelines while other people get rich and become the investor you were born to be tfnn educating investors tfnn is excited about our new software charting program the art of timing the trade charts In collaboration with tom o'brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any trader's methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleys abc's 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 going to love this new charting software that will even give you a 30 day Unconditional money back guarantee don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today by visiting tfnn.com 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 got markets open You got the s and p up 20 points right now All the markets in the green right where we kick things off So just to finish that conversation because it was something I really did learn during the pandemic Is that don't think you're too brilliant folks? I mean, I've been a big disney bull as well That was kind of a little lesson as well that you never know what's going to happen Right I think I nailed disney the way that they launched the disney plus But boy, they've had a lot of trouble with the parks and the movie theaters as a result of the pandemic. Thank goodness I didn't load all the chips in one basket Okay, it's tempting sometimes to do that and you may be right But you never know what's going to happen And there's no reason to load things up and put yourself In a vulnerable position at a time when you really never know what that may happen because I guarantee There's going to be retirees out there that believed in whatever cruising ships. They were on and they were right They were right But they didn't realize that how volatile things could be if you ever got a once in an generational outlier event something like A pandemic and all you're invested in is a travel stock, especially a cruise ship Okay, let's jump back to what we have going on the market. We'll jump to one of my other stocks That's been struggling a bit uber. So this news out this morning They're gonna list new york taxis on its app in a new alliance interesting to see how this is a game changer in a big way I saw a report this morning Talking about medallion prices Uh getting a lift on this news and it would make sense, right? If you're a medallion holder and you can now jump on the uber app Going to be more attractive than if you cannot Not sure where that goes for the medallion though when you can jump on uber without a medallion So that'd be interesting to see how that goes out, but uber liking this this morning It's trading a little bit higher. We'll jump into it in a moment So they're going to list new york's yellow taxis on its app the first alliance of its kind of the us In an effort to ease a driver shortage and pressure on fares now uber since i've been following it They spent a lot of money during the pandemic part of that was making sure that they were securing drivers Not just spending money on marketing to bring in riders. They needed drivers The ride-hailing giant reached a deal with the new york city taxi and limousine commission's technology partners creative mobile technologies and curb mobility The company said in separate statements their apps power the vast majority of yellow taxis And will now allow riders to book trips in taxis through the uber app So is uber now going to control everything they're going to control themselves and they're going to control the taxi markets Which are both going to be synonymous And operate simultaneously This is a real win for drivers no longer do they have to worry about finding a fair during off-peak times Yeah, I mentioned it will be a a win for drivers. Uh, excuse me riders No drivers We're finding a fair during off-peak So no longer they have to worry about finding a fair during off-peak times or getting a street hail back to manhattan When in the outer boroughs So they're saying it's a win-win Uh, I don't know. We'll see if it's a win-win for the drivers probably a win for the medallion people in the short term unless it just does away with medallions because Why are you going to be driving a medallion if you can just be driving an uber at the same time? That's what I kind of don't understand in that part But there's a little bit of a pop an uber. You're up 4% today trading at 34 38 You take a look at the run it's had from covid lows at 13 71 up to 64 bucks. It's a nice area if you're looking to get into uber Uh Nothing to say this thing can't go lower when you trade from 64 bucks get cut in half You actually hit a low of 28 dollars and 28 cents But boy eventually folks You're gonna break this downtrend and you're back to a nice area That's the 618 to the full run you had higher and you're also chopping around in this nice consolidation that you were in coming out of the Covid lows from about may of 2020 until october of 2020 Cannot believe they're approaching two years ago Uh, was this consolidation remember when we were all in that consolidation and we first got that big breakout in november for the vaccine efficacy Time is amazing cannot believe that that's almost two years ago that we were chopping around in the middle of 2020 Uh, remember how good it felt. Let's bring this remember how good it felt when we were chopping around here That we basically had just gotten back to even I mean the world was pretty messed up still at that time, right? June july august, uh, do you remember the summer of 2020? Well, yeah folks, we are 1200 points above that price level So it's it's when you think about what this market can do. Remember the mentality of saying jeez I can't believe we got back to 3200 so quickly from 21 74 Uh, looks like stocks are going to be okay, right? You had amazon it almost doubled by that time The winners and losers had separated themselves by that time, but the tech giants had carried us higher well We're almost 40 above that price level, right? Yeah. Yeah, because we're sitting at 3400. All right, we're 1000 points All right, we'll call it 30 percent. We're about 30 above that price level In about a year and a half So that that's the reason why everybody's a little jittery and if you want to see something really dicey Just look at the potential for a 382. I've talked about it before You're talking about 650 points below where we're trading that right now folks 3800. Okay. Now. Here's the kicker Something to keep in mind So there we just did a longer term projection. Okay. Let me back. Let me Back this out again Which is longer term retracement. I should say 3800 would be the 382 now. I'm going to zoom it in on this recent Acceleration we've had lower in the s&p's You go from 4800 to about 41 50 Okay, that leg if you're doing an abc down folks the a to b and this is an if right We haven't even started the c to d leg yet. But if this becomes a c Okay, something to keep in mind as this thing starts moving here. Okay 4808 To 41 50. I'm ballparking. That's 650 points Okay, you go from where we are right now, which is about 44 50 again. We're ballparking Okay, you got up to 4500 but we're sitting at 44 50 if you trade down 650 points from 44 50 If as in if this a to b leg then represents a c to d leg 650 points below that price level is 3800 folks. Okay, so Interesting to think that if this becomes the a to b if we have a c leg here that meets at about 44 50 to 4500 If you run that a to b leg We're pushing an area of about 3,800 is where that a to b c to d completes Which would bring in the s&p's back to the 382 of the entire move higher And if you think the 382 is a tough one to hit Just take a look at what the nasdaq 100 did Because they basically pegged the 382 almost to the tick. We got a low of 12,942 And on this fibonacci retracement number. I got 12,912 30 points away approximately On an index that's trading at about 13,000 and from there we pop And boy if that ever happens in the nasdaq 100 you're talking about a leg that's about 37 100 points. Okay, and that would bring you down to about 11,000 Right. Yes 11,000 which is just under the 50 percent That would be the area that the nasdaq 100 bounced in in september of 2021 folks We came into 2020 at 9,000 remember that all i'm talking about is going back to 11,000 We came into 2020 at 9,000 Not out of the realm to trade back to 11,000 I don't think it's going to happen But keep those numbers on your horizon because when I saw the s&p man and I said, okay If the s&p is going to make it back to a 382 that's 3800 right we're all saying is this A bounce before the market trades lower And the fact that the prices line up that this first leg If turning into a cdd would bring us back to the 3800 It's something i'm going to keep in mind and i'm really going to be paying attention If we trade down to these lows and how we do that with volume, etc All right, let's check back to the markets as we slide a bit We got the s&p's on a short-term basis. We're falling folks right from 9 30 you were trading at 44 70 You're down at 44 57 right now in the s&p's you get the rustle turning negative right now with a little bit of a drop The dial barely hanging onto those gains up 16 points in the nasdaq 100 up 33 We got crude backing off a bit one 13 55 gold contract up almost 20 dollars at 1950 60 Over some of the equities today 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 tiger real estate llc is a firm that has extensive Experience in the tampa bay area whether you're looking to sell your current property for maximum value Or you're in the market for a second home or investment property tiger realty has the experience Across all areas of real estate in the tampa bay area to help buyers and sellers make the most informed Decisions across all price levels from the price you should be paying per square foot in certain Up-and-coming 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the technology insider at tfnn.com for only thirty seven dollars and fifty cents sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30 day money back guarantee tfnn educating investors Will the s&p 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spxs directions daily s&p 500 bull and bear leveraged etfs direction leveraged etfs an investor should carefully consider a fund's investment objective risks charges and expenses before investing a fund's prospectus and summary prospectus contain this and other information about direction shares to obtain a fund's prospectus and summary prospectus call 866-476-7523 or visit direction investments dot com 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 for side fund services llc don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv welcome back folks we put the s&p's on a one minute chart just like that folks since i talked about them trading lower right back to the open right now you're positive 22 points and you see the acceleration again on a one minute basis we jumped about 10 points in the last five minutes on the s&p's back to a 15 minute chart uh nothing but uh a little hammer there down down to 44.56 we're back to 44.67 you got all the markets back in the green right now jumping over to some of the stocks with earnings or just moving but kb out with their numbers last night uh they missed they're down 4.6 percent you accelerate lower you catch a little bit of a bit higher but you trade lower on the open jumping over to kb homes they missed by nine cents so they make a buck 47 a share they revenue also missed dealing with supply and labor issues that hampered its ability to complete home construction uh lost 3.6 percent so they're off a little bit from there it's going to become a theme folks supply and labor when you're building homes uh two important components i would imagine uh kb misses a bit now to pull up kb on a little bit of a longer term basis there's your three-way three-year weekly uh we're right back to the beginning of 2020 which is interesting when you think about the housing market over that time kb homes back to the beginning of 2020 and 2021 just like that after trading up 52 bucks you're above 50 bucks uh right yeah 50 and 20 cents this year you're down to 34 bucks what you give up 16 bucks you're more than 30 percent off of the highs of kb homes we've got rising yields right now rising interest rates that's going to put some type of a hamper on this real estate market at least in the short term all right other equities moving down the line spotify so they reached an agreement with google so they're going to let subscribers sign up for spotify directly through the google play store so this has been a battle uh that had been going on there's spotify you're up 1.8 percent uh quite quite a dead cat bounce potentially to say the least uh you were trained at 306 in november this brings one-way trip folks to lower prices going to put that on a daily for a second just to see that i mean you're talking about barely a pop on this equity from 300 down to 120 even today it's giving back the gains look at that on a five-minute basis yeah the market says not so quick i would be wary of spotify folks that's a dicey chart in a big way and whenever i look at equities like that is spotify going to be around yes they're probably going to be around all right they've built themselves to be a player even though i never use them at all but do they have to be around no they don't have to be around at all there's plenty of music services podcast services etc they're trying to become the netflix of audio that's the reason why they went out and they got jill rogan in this podcast okay they realized that they had a much better chance of surviving if they didn't go the way of netflix of old as in if netflix hadn't started creating their own content they would have gotten eaten up by the content creators themselves that they were paying the licenses to spotify was in a similar situation right they're paying license fees for that music um they're paying license fees probably for other people's podcasts etc and they realized that anybody can do that just like netflix realized anybody's going to be able to push out their content to people they need to start creating their own content that's why spotify went out they said they're going to really build out their library of original content so the joe rogan experience is now a spotify original content production right uh i don't imagine that's the same thing though folks i really don't there's so many players in that industry to jump over to the analyze tab you're talking about a company right now that's valued at 30 billion dollars almost 28 billion dollars okay uh yeah you were just double that you were at 60 billion dollars just a few months ago i would be careful of that equity in the long term because they got some issues in a big way even on today you see the action you're barely positive when they ink a deal that you can sign up for their service through the google play store i imagine that would be a pretty big deal for something like spotify but no the market when the market is positive even with the s and p's up 17 points spotify barely negative right now at 148 excuse me they talk about match now this is interesting so match had been sparring over google with similar app store fees you jump over to match i imagine they're potentially they give it back as well still up 1.5 percent but not as optimistic as the market was on the open for those companies nicole so they are surging higher man uh after they announced that they got truck production beginning in their arizona factory last week meeting a goal that had been articulated during its most recent quarterly earnings report nkl a still up about 12.4 percent excuse me 12.4 percent now you put this thing on a weekly watch out for this thing man but maybe you you you're finally coming into their producing cars so maybe that's where you get a shift um but boy if that's not a dicey chart then what is up to 93 bucks in 2020 and yeah you've gotten some bounces but every look at this every single time you've got a bounce it's sold off almost immediately and you can barely spot this bounce on the chart it's been uh demolished but they're they're starting to produce cars and that may be a game changer they talk about the game stop amc reddit stocks let's check in on those i was checking them this morning uh a little bit of a pullback on these equities we'll put it back on a daily you got game stop down seven percent you're still trading at $129 from where you were you jump over to amc shares down five percent right now uh some of the other stocks that could potentially get a run even canopy giving up some of the room they're down a percent right now to 702 uh always interesting how those meme stocks come out of nowhere trip.com they are higher after china-based travel services provider reported an unexpected profit for the latest quarter now here's what i'll say about this uh putting this back so this chart goes back to 2017 and you are well within a downtrend channel folks yes you're up 2.7 percent today uh on trip.com but i wouldn't be touching that one right now and logitech so they get a big upgrade from bank of america uh i believe i saw somewhere that said it might even be able to double with the buy rating attractive entry point given their growth prospects and strong record of execution now we were all familiar with logitech in the beginning of the pandemic right i talked about how there were winners and there were losers boy look at that right to the 6182 right now you're up 4.7 percent you're trading at 75 bucks you're still the most cut in half from where you were at $140 you look at the run this thing had from 30 bucks up to 140 i got a logitech camera you're looking at me at right now folks if you're watching me on tiger tv you're watching me through a logitech camera that i have um but yeah we're back to a 618 they get a big upgrade bank of america uh and i believe like i said potential to double i saw somewhere uh don't quote me on that one but a big upgrade for them they're valued right now at 12.5 billion dollars logitech and uh but yeah always like when you're at that 618 at least you know where you're wrong folks right okay it's always nice having a plan you get in at the 618 all right where you're setting your stop because you break through this area you got nothing in between 30 bucks and 66 okay maybe you want to make sure that you can't get down to this low maybe you're a little bit tighter and you make sure they can't get down to this low um but always nice when you get your back against the wall and you're trading an area at a 618 because you start getting into that 786 nothing to say that you don't retrace fully to the covid lows we've seen it happen many times folks we've seen it happen with amazing companies that benefited so tremendously during the pandemic that somehow they give back all the pandemic gains peloton the poster boy for that one uh still under where you were coming into 2020 as peloton down 2.2 percent it doesn't stop man uh quite a pop yesterday but given back some of the recent gains it's had uh roku said quite a pullback look at this drop down 2 percent today for roku roku below where you started 2020 off did not think that that one would happen in a big way just across the board in a big way all right s and p's right now we're up 16 points right now you got the nasdaq up 33 dow up 89 points rustle barely in the red right now negative by one stay tuned folks we'll be right back we'll be talking about uh some yields we'll be talking a little switch a little great sharpening your skills as an investor is like getting better at playing a musical instrument you have to practice sure but you also need excellent instruction from experts at tfnn you'll get advice and guidance from the authority 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 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 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the tiger first mortgage program may be just the program for you the tiger first mortgage program pays seven percent per year paid monthly for more information you can call 877-518-9190 that's 877-518-9190 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 get the s&p's right now kind of just chopping around what we were a pre-market you're up 20 points nasaq 100 up 56 we get the dow up 113 uh jumping around so switzerland they say that six billion dollars in sanctioned russian assets have been found the government says assets include property and tourist areas they're relying on the banks and cantons to report the assets is what they're saying it's gonna be interesting to see how this plays out in terms of what the swiss say they got going on in terms of russian assets here uh last week the swiss banking lobby estimated the country's banks may hold more than 200 billion dollars of russian wealth a figure that dwarfs the official estimate uh switzerland's light touch approach has long lured wealthy russians but the business of managing money for the rich is drawing attention as russia's bloody war and its neighbors has drawn worldwide condition condemnation yeah i put it lightly but quite the number when you talk about six billion then you hear 200 billion thrown out there yeah i imagine they got more than six billion over there in switzerland alaska air so this one will be an interesting one i'll you imagine this is going to be the trend they're taking their airplane airplanes and they're going to turn them into cargo airplanes they're going to convert two of their Boeing jets into cargo planes uh they're going to serve destinations in alaska and yes to put it lightly air cargo a relative bright spot for carriers during the pandemic uh i'm out here near the middle of florida and we have a smaller airline near uh airport i believe it's near lakeland but amazon just does huge business in man amazon they get some huge factories out here it's probably the fact that if you're reaching many parts of florida right uh i'm in an area that a lot of different parts are run an hour hour and a half drive you can reach so many cities to the east and to the west talking about orlando and tampa about an hour from you so maybe they're hubbing uh some of their hubs right there but you're talking about huge huge uh i see amazon planes in the sky all the time and i'm not exaggerating so cargo planes in a big way to put it lightly let's jump around Boeing shares right now up three tenths percent that news with china man that story about that chinese airplane i don't know what was going on over there man but that fall off pretty remarkable a lot of seems like some bad stuff was happening there um hopefully they figure it out all right folks thanks so much for tuned in starting your day with me we got a treat we got our man basal Chapman coming up live live programming all day folks we got larry at 11 bass market at 12 you heard kevin they're talking about chipotle they're talking about shake shack we got our man steve rhodes at one dave white live at two and my dad wraps it up live from three till four thanks so much for tuning in starting your day with me folks see you tomorrow