 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 Tuesday morning just after 9 a.m. Eastern time We got about 24 minutes to go until the start of trading and you got markets in negative territory Apple revising their excuse me Not Apple target revising their profits down just three weeks after they came out with their earnings Which were pretty harsh earnings. They're hitting the market a little bit You have the S&P's down about 1% right now. We're right near pre-market lows at 4080 we were almost at 4200 on Thursday 41 89 so the market 110 points below that price level were 90 points Below where we were trading at just 24 hours ago. Nasdaq 100 you're negative by 1.3 percent today 165 points in the red 12,000 439 the Dow off 810 32006 38 the Russell right now off just shy of a percent trading at 1871 Bitcoin back under 30,000. There's a drop for you Bitcoin drops from about 31 5 last night Is that last night? Yes, it is last night, right? Yes, it is last night 8 p.m. Eastern time you trade from 31 5 to 29,130 we're just chopping around at that price level right now for Bitcoin down 6.5 percent You got Ethereum down 6.1 percent right now crude holding pretty steady at 1835 you get the gold contract up $3 at 1847 and we jump to notes and bonds a little bit of higher price and lower yield a slight reprieve from the lows that we got overnight 1722 was the low actually in the 10 year right now. We're 1806 back in things out. We're probably right near about 3% I'll pull it up in a moment in terms of where we are But we are right near that number regardless the VIX as the market sell off yet again 2617 the VIX not comfortable getting anywhere below 25 no matter how good this market gets remember you had the S&P's trading at almost 4200 and meanwhile the VIX said we're not coming under 25 man with the types of moves We are getting and today you open up 1% to the downside negative 40 points at 4080 for the VIX All right, let's jump over to target Now this should not have been that surprising. I mean, I guess you get a revision down of profits You're down $12 right now trading at 147 you closed it almost 160 for target for some context of where this was prior to their announcement prior to their earnings They were trading at 211 coming into that last earnings event You open the next day at a price point of about 162 you did trade as low as 155 intraday at least I'm not sure what happened in the overnight session And we can even pull it back how far back do we have to go? Well the four-hour show it Now it doesn't show the pre-market on the four-hour. I don't think That is it And nonetheless, we get to a low of 155 20 on the day of their earnings We chop around for a bit. You see the action make it doesn't cover overnight pre-market action for target You Market gonna open right at that level you jump over to Walmart shares As expected down a few dollars back to a 15 minute chart for Walmart. They trade lower on that news as well They're probably gonna be hit in similar fashion if target has to read I mean three weeks. They have to revise everything Sinks after cutting profit view over inventory pain This is one of the things that they talked about in their earnings that was so harsh on the stock that made a trade So lower second quarter operating margin of about 2% now the company says it will cancel orders and mark down more goods Well, I'm pretty sure that probably had to be the plan when they had way too much inventory as of three weeks ago But it looks like things are even accelerating So they are lower they cut its profit their profit outlook for the second time in three weeks That's the tough one man Might as well have just taken all their licks at once on that earnings event Operating profit will amount to about 2% of sales in the current quarter well below its May 18th prediction That the gauge would be in a wide range around 5.3 percent I mean couldn't they have just taken their licks why they have to be so optimistic that they put their operating profit at 5.3% giving themselves room around that number and they're gonna come in at 2% in the current quarter They see operating margin rising to about 6% in the second half of the year though the retailer shares We're down as much as almost 10% on their trading So quite a revision if they do bounce back to 6% but I bet the market saying hold on a second We're supposed to believe you of bouncing back to 6% in the second half of the year Meanwhile three weeks ago You told us that you were gonna make possibly 5.3% in the current quarter for operating profit and now you're telling us you're gonna make 2% That's 21 days counting weekends folks. That's only 15 working days they had to revise those profits from 5.3% with a wide area of Variation down to 2% I mean you can always stated just a mammoth revision In addition the company will offload excess inventory and adjust some prices to address the impact of unusually high transportation and fuel costs well offloading exos as an excess inventory and Adjust some prices Target is seeing to get a handle on supply chain disruption by adding incremental holding capacity near US ports Which will give it greater flexibility. Yeah, many of these companies trying to Shore up their supply chain to avoid some of the variables that they're facing that are hurting them But man, it seems like this should have been expected They probably just didn't revise down the way they needed to on earnings But one of the things I said in my household when those numbers came out I said man, there's gonna be some great sales of target coming up That's the case folks, of course there are they got way too much inventory right now as Personal spending habits at least shifted enough where they're a stuck hold in the bag with a lot of products that did not sell to the Great degree that they thought they were going to the only way to do get rid of that folks is to unload it These companies do not they are not in the business of storing old inventory and hoping that a year or so down the line They run through it or two You know fashion trends change They don't do that they get rid of that inventory at least that's what I think a good company would do You don't want to sit on that inventory All that is is a bad mistake from the past that could hurt you you get rid of it You get rid of it for whatever you can because it's not selling and if it's not selling don't hold on to it for a year Or two that's what they have to do There's gonna be some good sales of target man There's gonna be probably some good sales at Walmart, especially in the areas that they've overbuilt some of that So we'll see how that plays out the target You're gonna open down 12 bucks Walmart's gonna open down about 2% as well on those numbers Let's see how Amazon's trading right now down about $3 Amazon Amazon they give back all of the gains that they had yesterday up to 129 man now 129 let's say we're trading at 122 for simple math right now. We're trading at 121 90 is the ask That's a $7 move to the downside And we now need to multiply that folks by 20 if we were talking about just Friday's action That's a $140 move in the price of Amazon prior to the split It's still a $97 move and a $128 stock for Amazon Apple had their worldwide developer conference yesterday They're trading lower today get the Nasdaq 100 off 1.5% right now thousand approaching 1% S&P is greater than 1% in the negative right now Market not gonna like that target news might be indicative of what's coming down the line the whole conversation, right? I'm sure many of you have heard it is Are we gonna get earnings revisions of the earnings revisions coming? Well, you just got it from Target man, and you got it from Target within three weeks of them trading down 20% on already Disclosing the things are vastly troubling in terms of the numbers. They're dealing with at least now, you know I would say folks if you get the type of turn around there looking for That you're getting to areas where you could begin scaling in on some of these equities We'll talk about that a little bit later in the show But we're gonna be well below that 618 when we open on target. We'll be right back with our man Kevin. Hey, stay tuned folks In a time of booming inflation we are purchasing powers eroded There's no better place to protect your hard earned money than ain't gold This the golds flagship asset is the Monk Todd gold project in the Northern Territory of Australia This is Australia's largest undeveloped gold project. 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We have the S&P futures negative by about 40 points right now That's about 1% of the red Nasdaq 100 negative by 1.3% the red right now You got target trading lower on their cut of their profits coming up this quarter right now Let's jump it over to our man Kevin Hinks every trading day folks 12 noon eastern time right here on Tiger TV fast market on The TD Ameritrade Network with your host Kevin Hinks Tom white outstanding program They break down the day's market action folks talking about hypothetical trade setups talking defined risk on every trade They set up using options Kevin Hinks. What do you think about this target action this morning, man? Good morning, Tommy O'Brien. I believe that there's a patio furniture sale going on this week at Target I think as they get rid of some inventory, you know, it's interesting I don't think this is necessarily horrible news for Target because they talked about their margins Going from 5.3 to 2% as they get rid of this inventory, but then the back half of the year they expect Margins back up to 6% Unfortunately, as you know time, but I believe world so the reaction is going to be harsh and swift So they're gonna have a you know a rough day here or a couple rough days and the Frankly the retail sector is going to get hit with with with that as well But you know they they made a pretty positive statement as positive as they could on this But you know, it's a problem, right? They they're moving from discretionaries to more essentials and Looks like they've got to work their way through some a bunch of inventory. So It's going to be a tough day or so for Target It's also going to be a tough day for some of the Buy now pay later stocks as Apple surprised everyone getting into the buy now pay later business I thought that was interesting yesterday, you know, that took down a firm that took down square That took down a bunch of these names like that. So It's you know, Tommy. It's interesting. It's not a It's not a big week for economic data till we get CPI out on Friday It's not a big week for earnings as we're in the back half the finals home stretch here of earning season But there's always something that's why this is such a great business. There's always something to keep you busy You know, it's crazy. You did a great job of going over target And the numbers and the revision five point three down to two only three weeks ago They had earnings Kevin. I was saying man, that's only 21 days ago That's only 15 working days that in 15 working days They decided to come back to the public with that revision, but the second half of the year. Yeah, six percent. They're talking about I'm not so sure I would believe a company and not even talking about Target If they had such a revision three weeks ago, Kevin, right? How can you be so sure where the numbers are going to be in the second half of the year, though? As my brain goes there a little bit at least so tough to to forecast where we are But I did say When they had those numbers three weeks ago Kevin, I came home I said there might be some sales going on target soon man because they got so much inventory turns out that's gonna be the case and Right before I went to break before this segment I hesitate to say so right because you have a stock and this is my opinion folks All right, we can all be wrong in the market, but you come down from 254 You were at 142. That's 254 April 18th less than two months ago in Target. You're gonna open a 147 I have a price in 2019 Kevin that this thing was trading at 129 so you're at 130 you're within about 17 dollars or where you are in 2019 prices Maybe an area that you could begin to scale in if you're looking for a longer-term position in Target It's it's dicey, but I did in the in the similar fashion, you know It's like second half of the year if those numbers come true I imagine there's gonna be some value in some of these companies if they turn it around But some tough numbers to start things off you guys did some action on Amazon yesterday What do you think of the move on Amazon? I was talking about in the beginning of the program man from yesterday's high to this morning Kevin You're talking about a $7 move for a stock that just split 20 for one That would have been a hundred and forty dollar move as a Friday's action on Amazon almost right back to where we closed Friday's number Yeah, interesting, you know not really surprising as that new price Makes it attractive to a whole new group of people, you know, let's face it Tommy $124 for Amazon looks pretty attractive when it used to be you know three thousand not very long ago So and here's what one point that I made that's very important Amazon was very hard to obviously buy a hundred shares of stock right and it was also hard to trade options on That is gonna be much different now if you had if you had ten shares of Amazon right you've got now a position that you can hedge with options You didn't have that before so I think the biggest beneficiary is It's gonna look different to a bunch of retail investors and the option market is going to explode in Amazon So that's the the take that I get of a stock split doesn't change the company fundamentally But it makes it more palatable to a whole new launch of investors Tommy It's a great point man. I hadn't even gone there. That's why we talked to you every day That's why we listen you hit 12 noon because I've tried to pull up some Amazon option trades man and Just you're talking about tens of thousands of dollars twenty thousand grand easy For for especially for a multi leg position something like that the the volatility Each side of it at the money what two hundred three hundred dollars sometimes when it was trading at three thousand Per a contract so pretty cool one twenty two is where we are on Amazon I'll take him and I got a text last night from my sister Okay, and she's a couple years younger than I am and she's literally thinking folks and I say it's not a bad idea Longer term of maybe buying some Amazon and maybe putting a little money into a Roth IRA to get it done because she heard of a stock split So there's a little anecdotal man, but she's not the only one Because three thousand four thousand dollars a share she wasn't willing to do that at a hundred and twenty bucks a share She's willing to buy some Amazon man. So pretty cool with that in mind Kevin What are you guys talking about on the program coming up at 12 today fast market a couple good names today Tommy first and foremost? We'll look at Amit or Exxon mobile will stay in the energy space as it's been the most popular then Like fully was gonna do presentation at Teladoc and then we'll look at five below Then the retailer that is just doing incredible things. They have earnings coming out as well this week So Exxon mobile Teladoc and five below Nice is Teladoc. Is that the one that Kathy Woods is big in? Yeah, forget. Yeah, that's that's an interesting one Man, she is big in there. They come out with that stuff earnings laughs Yeah, look at this chart from 308 down to 34 dollars. Some of these stocks man remarkable the moves they've had Well, Kevin, we appreciate the time as always man. We'll be watching at 12 today and you have a great one Thanks for having me on Tommy. Have a great day you too Kevin folks tune in every trading day 12 noon eastern time Outstanding programs you heard the stocks. They're talking about this one's an interesting one I was checking this one out recently Teladoc That's where I think the future is going man telehealth, but boy you talk about some pullbacks man Kathy Woods I'll try and pull up where this is in her position in terms of her holdings. Let me check it out I get the site up right here because it is a decent position. I believe yeah the number seven position in arc Holdings Teladoc. She's got a five point six billion dollar position in this equity Representing a seven point two percent ownership in Teladoc So she's still a believer because when she cuts ties man, she cut ties with Zillow remember she cut ties with Zillow the day they came out and said nope. We can't buy and sell houses That's not the future. I think she sold the entire position within a few days. Not so much the case number one position for her Zoom zoom holdings Representing what she got in there What she got in there No, that's the whole company. Okay, I'll go over it again because that's the whole company's market cap I'll go over it again. She's got a 400 million position in Teladoc. She's got 817 million positions. We'll talk about when we get back folks Stay tuned if you want to take advantage of this sector now is the time to subscribe to my gold report The gold report is a comprehensive look at the metal sector as well as the markets that move gold Which is the currency and bond markets new subscribers get a 30-day money back guarantee So you have nothing to lose every Monday morning I published a gold report with coverage of gold silver bonds the XAU HUI GDX as well as more than 30 different mining equities To see for yourself the types of profitable trades that are recommended within the gold report sign up now by visiting TFNN comm don't miss out on the next great gold trade sign up today TFNN has just launched their new trading room the Tigers in 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 And now they are expanding their reach with the tigers den available to all tigers and tigers for just one dollar for the year There's no catch or added costs when you join our community of traders in the tigers den You can look over the shoulders of tom o bryan and the other TFNN hosts while they analyze charts during their live tiger tv programs And join an interactive trading community with hundreds of members Exchanging ideas interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action All trading day even at night and on the weekends the tigers den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of TFNN.com Tom o bryan has just announced a live timing the trade webinar friday june 10th from 9 a.m Until 2 p.m. Eastern time Join tom o bryan for five hours of live education as he teaches you his trading methodology Right from his best-selling book the art of timing the trade your ultimate trading mastery system In this live webinar tom o bryan will be teaching you his entire trading system including quality volume abc structures Fibonacci confluence zones cause and effect swing points and more We will be limiting this class to 40 attendees So please do not delay and reserve your seat today for this special live event with tom o bryan All attendees will also receive a physical copy of his book the art of timing the trade an $88 value mail to you along with the free month of his daily newsletter market insights a $169 value for all the details and to reserve your seat today visit the front page of TFNN.com TFNN educating investors 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 right now. You're looking at an s&p opening down 36 points That's nine tenths percent in the red three uh four thousand eighty four Excuse me nasdaq 100 you opened out about 1.1 percent markets catch a little bit of a bid coming into the opening bell Dow off 252 right now 32,656 and uh, how about bitcoin? Yeah, 29,500 you're right back at the lows of wednesday and friday's action on bitcoin Be careful in that crypto market folks crude oil sitting at 1 18 28 We'll talk to our man teddy keg's dad tomorrow at 40 past the hour He's been calling that oil market pretty remarkably. Well, you check out a weekly man I mean taking this thing off This is a one-way trip from six dollars to 130 folks Imagine that trade and really if you recall, this is the continuous contract april I believe was the month that went haywire with the the current month Expiring at what negative thirty dollars forty dollars something like that is what that actually went to Six dollars and fifty cents on the continuous to a straight shot upwards I mean, that's a pretty well-defined channel line and you're still pushing highs In a remarkable fashion 1 18 31 Okay jumping back real quick because I was talking about Teladoc, which they'll be talking about on fast market coming up at 12. You're down 2 right now for this equity And boy, they had a huge revision Okay, with a bunch of negative stuff in there on their last earnings you traded from 55 to under 30 Okay, cannot overstate that I have no idea of the fundamentals of this company folks. I have no action in it I have bought none of it. Okay But at some level Generally telehealth is going to be the future it is coming and that's probably why kathy wood Has a position In this equity She's probably lost a substantial amount of money though depending on once she got into a three-year weekly Well below where we came into coven you came into coveted 80 I mean imagine that you came into coveted 81 bucks running a telehealth company And fast forward through the pandemic. You're sitting at 27 A lot of these companies just a lot of mismanagement in how they went Look at this You're back to 2017 prices. Imagine how the landscape should have changed at least for a company trying to operate In a telehealth fashion Okay to get over to her positions real quick. Uh, these are yes or holding. So number one is zoom 817 million dollars That's 9.6 percent of arc. Okay, and this is the main Fund a rkk They have the other ones down broken down here too in this site I just pulled up kathy's ark.com attracts that attracts trades if you're ever trying to see what she's doing I find it just easy to pull that information up Zoom is number one tesla had been number one for the longest time tesla now sits at 724 million dollars In terms of the position roku's number three square Some of these equities it never stops, right? Kevin was just talking about it So apple one of the things they came out with yesterday square continuing the drop down 3.3 percent today I think there was the news Yesterday when they started talking about the news that apple is going to get into buy now pay later Excuse me. You have square trading lower and kevin mentioned it affirm And here's what i'll say about these equities as well when something doesn't make sense to you folks Yes, it can persist for a period of time have your stops in place But listen to yourself as well. There is no reason the companies That are using these firms a firm Like amazon has to deal with a firm, right? I think that's part of the reason why it went bonkers up to 176 at one point last year That they were going to be signed some type of deal Why does amazon these need a middleman like a firm to exist? They can obviously offer their own this company still valued at 6.3 billion dollars, okay What was it pushing it's pushing what 30 40 50 billion dollars when it was trading up to these levels Why do the largest companies in the world need to use? A company when all they're basically doing is providing an interest free loan to the consumer Now, yes, you get into credit risk. You get into all those things And i'm sure there are fundamental factors that that is not amazon's business That is not apple's business, but guess what it's apple's business now And i bet it's going to become amazon's business soon too because there's no reason why they can't get into this There's no reason why amazon needs to use a third party company like a firm to facilitate a buy now pay later Approach to servicing their customers. Uh, these stocks tanking hard. So we'll see yeah jumping over to some of the home stocks getting hit probably uh To the tune of of target revisions home depot down 3.08 percent right now Target shares down 6.5 6.0 percent right now walmart shares down 2.2 percent low shares down 2.75 percent Uh, some of the other retailers different story. Look at that macy's trades down and gets a pop at the open macy's positive today by three tenths Percent in terms of where we are on macy's shares Jump to Nordstrom's down 1.5 percent market's almost down 1 percent right now Coal shares trading higher up 10 percent What's going on for coals Okay, so it looks like there is a development on that bid. So they've entered into exclusive relationships Uh negotiations with franchise group And yeah, there were a couple bids that were listed prior franchise group The highest bid I think of around 60 dollars. So the stock trades up to almost 49 from 42 You're trading at 45 86 right now Uh volatility and I think maybe this was the story that came out here talking about two potential suitors For coals that they had a couple bids, but they were even talking about that within their last earnings They were pretty decent Yeah, that was their earnings day that they expected final bids to be submitted within about a few weeks That's about a few weeks ago. So I guess they got pretty close to that timeline S&P is rebounding a little bit You know for the tough day that you get a revision like that from target folks The market could be down a lot more, you know, you're seeing it hit some of the stocks, but s&p is only down 7 10th percent Let's see how amazon is trading some of the fang stocks amazon gets hit on that news down 2.5 percent right now We jumped to some of the other tech companies Apple shares down half a percent right now We'll talk a little bit about apple later in the show as well Microsoft shares down 6 10th percent right now google shares down 6 10th percent facebook down 2 percent Excuse me 2 10th percent. Let's see how twitter is trading Look at that rebound twitter back to 40 dollars This stock watch out man. Let's jump to some of the meme stocks game stop up about 6 10th percent amc Look at this one man How is this 12 bucks now you got to get a full context of the move here Remember that you were at $1.91 In 2021 you came into covid, okay At $8 on this stock Things were already having problems at the movie theaters. Yes, the movie theaters Maybe this was the rebound that they needed in terms of people wanting to get back out because for Forseeable period of time the way the landscape was changing some movies go into streaming very difficult to make money And you had amc coming into the beginning of 2020 at about $8 You're sitting at 12 But that stock does not look like strength folks does not look like strength at all even though I believe that movies are going to be Something that we'll be doing for a while people are going to want to have those experiences again for some considerable period of time I mean, we're seeing that play out to the with the airlines to some degree But it's playing out so much That they're going to pay for oil as delta just continues to chop right around the 3a2 Oscillating around on both sides of that you jump to united right now united 44 79 Let's see. That's probably right around the 3a2 as well Yeah, pretty close 44 84 right now. You're barely positive for united American Actually sitting at the 618 of basic move Probably the best one out there domestically southwest sitting at about the 50 percent of the entire move 44 bucks Don't touch jet blue just yet folks sitting at $10 and 56 cents stay tuned. We'll be right back folks We'll take a look at apple some of their stuff that they had out yesterday Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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It can seem impossible to keep up with all the information David white's investment newsletter the technology insider Is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future David white has made his living staying on the cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks As well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only 37 in 50 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 spx s 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 four-side fund services lc This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz Welcome back folks. Yeah, so they were talking about in the den the dollar move especially versus the yen man We're going to be talking to our man teddy kegs that tomorrow, but check out that move That's a tough one on the gold contract man. You got the yen up to 132 72 well above the previous highs we had look at these last few days, man. We were just trading in the end May 27th at 126 you're at 132 and what is that three six seven bars you got Excluding the weekends in terms of that action well above those highs We'll get his take on where that yen is trading tomorrow at 40 past the hour All right back to the markets right now. You look at an s&p Down about 28 points. We jump over to apple share. So apple has their worldwide developer conference yesterday You're negative by about one tenth percent they announced they're doing by now pay later that tanks those stocks apple to see the action it had yesterday Not a lot of good action trading lower from about 148 50 to 145 50 You had the market with some volatility at that time as well in terms of there's a market action trading lower so Was apple driving the market or is market driving apple? You got a lot of negative action across the board apple trading lower with the market not really a move on their Worldwide developer conference most of this stuff was known besides maybe the buy now pay later, which was definitely an announcement One cool thing That my friend shared that was out and I think this is maybe new maybe it's new in some of their software No matter what it is man. It is pretty cool. I just wanted to share it with you Yeah, so it's a tweet last night. What it's talking about is So this is out of 430. Maybe it's some of the new beta Software out there. I'm not sure if anybody knows in the tiger's den Let me know if they didn't out something like this or if it's just been something that exists But you talk about AI you talk about Um, just future uses of technology So what this is doing is the phone is 3d mapping the room That they're in and you can see the map that it's creating on the bottom This is just a phone You can see that the room is literally uh, excuse me The phone is literally shaping the room designing it and and putting it into 3d shape on the bottom as you're just scanning the room All right, the video is only about 20 25 seconds And if you pay attention to the small area on the bottom, you can see it actually building it out in real time AI the room you're in the walls that exist Windows fridges cabinets stoves Um syncs everything it's able to build out this entire 3d model in the span of about 25 Seconds from your phone recognizing a 3d environment and AI Pretty cool technology and when you talk about whether it's AI you talk about, you know, self-driving cars You talk about robots running around the house There's a lot of cool applications for this imagine, you know in real estate Uh, you walk into any home now you can take your phone to a 360 spin around And you immediately have every single plan down to the literal inch of that house and design in your phone saved forever It's pretty cool where that technology is going to be going in my opinion All right in terms of what we have going on this week folks friday My dad's doing an all day timing the trade methodology webinar. He'll be going over Uh, his methodology from his best-selling book the art of timing the trade your ultimate trading mastery system He has not done one of these in over two years Uh, he'll probably do one again in the future But not sure folks it could be another year or two if you've never been to one It's a great time you get his physical book mail to you the art of timing the trade that sells for 88 dollars on amazon You get a month of his newsletter, which is 169 dollars Okay, and the total cost is 295 so 88 plus 169 that's a value of 257 alone Just from the book in the newsletter the course the webinar all day 295 includes those two Uh, this will be archived. So if you can't go to all five hours You can check it out as often as you'd like 9 a.m. Till noon on friday is the first session you take a 30 minute break for lunch 12 30 till 2 a 90 minute session to finish it out quality volume abc structures fibonaches Confluent zones cause and effect swing points. He'll be talking about all of it And when you do sign up you instantly gain access to market insights You'll be able to follow that for a few days till friday and we will be ending sign ups folks on thursday night Okay, so I know all of us are procrastinators. We wait till the end Unfortunately when that happens people can rush in all at the last second And they if you have any problems getting into the room. We deal with the flood of phone calls emails So we're gonna end sign ups and take down the sign up form thursday when we leave the office at about 4 30 in the afternoon So you'll have time to sign up through then but check it out If you sign up you gain access to market insights immediately We'll send the book to you You may not receive the book before the course because it's physically mailed to you But you'll receive that as well 295 bucks that takes place on friday And yeah, we got a great market man for these types of webinars right now You got a market that's moving 1% today easy s&p's catching a little bit of a pop. That's a 15 minute bar It's all green so far on the open. We open at about 4,080 We're pushing 4100 right now in the s&p's as the market's clawback some of those losses Let's see how target is trading. Yeah claws back some of it I mean you just got back almost eight dollars from the low head. Yeah more than eight dollars now It's target off 5% off eight dollars right now at 150 175 and here's what i'll say, you know, there is a lot of Unforeseen variables that are coming down the line folks cpi is friday the fed meets next week I'd say the cpi has a lot more variable in it this friday than the fed does coming down the line next week Feds going to hike by 50 basis points and they're going to say basically we just started this we have to wait for the data Okay, that's what they're going to say But if you believe target that they're going to be back to 6% margins in the second half of this year I'd imagine there's We are at least approaching an area of value They traded lower when they thought it was going to be 5.3% margins this quarter though and the market still sent them down To 157 dollars in their last earnings So that doesn't quite solve that scenario But target you're almost back to 2019 prices where you were pushing 129 on this equity You're trading right now at 151 and we touched about 143 pre-market on target shares this morning down from 268 So you just 143. I mean, what is that 134 is a 50% pullback of the entire Price of target at 268. Let's see how walmart's fairing Down about 2 walmart sitting right at about the 618 walmart similar deal walmart back to 2019 prices as well Some of the pullbacks going on. All right, let's jump around see what else we have going on this market. Let me pull up the screen Yeah, this one was interesting just so that the lindum metal exchange. Yeah, they're going to get sued over shutting down trading Uh in nickel. So they got a couple lawsuits that are filed And yeah, I would make so I would think so Elliot Associates filed a suit for 456 million relating to the same candidate morning. I mean they just shut down trading And cancelled trades due to a spike in volatility which saw nickel prices double That's how it works folks. We're in the wrong game because thankfully that's not how it works Uh, there are rules to the game people make decisions on those rules. You cannot just shut down the pits Uh, but guess what? They can and they did and that's what happened, which is pretty remarkable I would never ever be trading on that sometimes you have to if you're in that industry. I guess or what it is Um, but yeah, that is a ridiculous statement the linden metal exchange being over there just shutting down trading because volatility spiked it too High There are people that were looking for that type of volatility squeeze right that we're making trades on that type of a move All right, let's jump around is it other companies with their uh with volatility So you have james smucker. They have their earnings. We got a couple companies with earnings this week Uh, let's see. They're a little bit lower in the pre-market despite better than expected quarterly results Inflation supply chain issues and other factors continue to impact results and increase uncertainty We'll talk a little bit more about that when we get back Station folks will be right back 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 You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns Finding the peaks and valleys in stock prices get the opening call newsletter by basal chapman and your inbox every day First time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the fibonacci 24 seven newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader larry pesavento 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 seven newsletter today tfnn.com educating investors 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 markets charging back from a little negative action You got the s&p's up above 40 100 trading at 40 101 You got the nasdaq 100 look at that charge man You just gained about 150 points 12,538 dow off 169 right now the russell only negative by five jump over to bitcoin Really no bid there man 29,600 ethereum trading down 97 $1765 right now Yeah, you take a look at these longer term in terms of where you are on ethereum I guess that's as far back as ethereum goes uh trading at 1765 But you're below kind of critical lower levels in terms of where you were Yeah, you made it to 1697. I guess you made it to 1715 But the bodies of these candles above what we're trading at right now in ethereum and bitcoin I mean the trend not even talking about the trend that trend's been broken man I had that on my chart for a while ago, but just looking at where we are right here Right just that area that had been support very very critical to breaking that area right now at 29 610 And if we break that area 10 000s in play not 20 000 because it was a one-way trip over a period of about two and a half months From 10 to 35 000 to kick off 2021 remarkable All right, the other article I want to talk up talk about up here Is a bloomberg article talking about taiwan semiconductor talking about taiwan talking about china the top economist in china Okay on basically china state tv Talks about seizing taiwan semiconductor if the us were to ever ramp up sanctions to russia level degree Just one of those things you want to keep on your radar folks I don't think we're there just yet But dav white talks about it all the time and it is a very real threat I do not think that china is going to go the route of russia And doing anything to risk those types of Sanctions because no matter what they do that will hurt their plan for future prosperity But when push comes to shove Taiwan and the chips that get made at taiwan semiconductor Are crucial to china and they know that uh senior chinese economist and a government-run research group Uh called on authorities to seize taiwan semiconductor and they go on that that video was just released It was last month. I believe or april uh, nonetheless one of those risks man And eventually unfortunately that risk That risk Is going to play out to some degree over the next x amount of years. All right folks. Thanks for starting your day Stay tuned basil's up next larry 11 fast market at 12 steve david