 The following is a presentation of TFNN. Trading Hour with your host, David White. Call now, call free at 1-877-927-6648 internationally at 727-445-1044. Now, David White. And welcome all to another exciting addition to the Power Trading Hour with me, your humble, lovable and squeezibly soft host. As always, we come to you at this time. The following takes place between 2 p.m. and 3 p.m. So what do we have happening? Well, yeah, we got a lot of the action out yesterday. My guess is that we probably had a lot of people short the market. absent any new news, we'll probably have a small bias to the upside before the close. We're up one point on the S&P cash now. NASDAQ's off 10, Dow's up 8. Russell's off 12.5. Got a few things that are kind of making, probably took that five points off the market earlier today and that is that Vice President Pence was recalled to the White House on some kind of emergency. And so everybody's looking for some meaning in it, especially on a new moon when we like to do our military operations because guess what, there's no light. So are they doing that? I've got a secondary theory. I think the theory now is that there's some kind of action far ran. I think that action might be somewhere else, maybe a good diversion. Maybe even the discussion was a week ago Friday, was an effort, maybe even today, an effort to find leaks and traders that would telegraph our intentions around the world. So is it real? Is it Memorex? Who knows? But market, I wouldn't, you know, not responding to anything huge. 2965 on the S&P cash, about where my model actually says it should be. And I don't think there's a lot more you can say about it. When we look at the volume, we're doing about 3.6 billion shares on the CBOE consolidated tape. So kind of light, but you should expect light going into a week like this where really it's going to be, well, you close early tomorrow. You got Thursday off and probably a ghost team in on Friday for Wall Street. Again, this is, you can already see the, not the weather report, the traffic report up there in New York jamming up out to the Hamptons. And the helicopter is getting on it big. Everybody's going to make a seven, six or seven day move out of this. So a lot of people look in the other way and always a good time to either do something or not do something. But we shall know probably in a day or so. Anything else really happening? Just that kind of little hint of maybe some military action. Of course, the Israelis have a policy since a begging in the 80s when they went and blew up the power stations, nuclear power stations. And of course, they blew one up in Syria and in Iran, Iraq, both. And they basically said, we can't let anybody have nuclear weapons. So the question is, do we just lend them some moral support? Or there's something bigger going on out there. And I think that's, you know, there's going to be a kind of an instant reaction if something happens and probably a little bit higher, nothing happens. But is it going to change the world? Probably not. History says that most of these minor occursions roll over fairly quickly. So what else do we have? That's it, a little bit. No real earnings coming out, no real fed speech for a little while. Just a very, very quiet handful of days. But at that same time, this is where you should be ready to act, but probably not act. I think a lot of people leave and a lot of times that's when the action happens when no one's expecting it or you're out of place. I will be not out of place, but I won't be in place. Today is my last show through next week. I'll be back Tuesday or Wednesday, so we shall know. All the newsletters will of course come as regular editions. Nothing changes on that. Since I have a sat phone and a sat internet connection, I can go anywhere I want and be always connected. It's just maybe not as engaged. But again, you've got to take a vacation sometime. Market's always moving. You've got to take a little rest. This is probably the best time for me to take a rest because probably the least amount of people listening to the shows and it doesn't ever change on whether or not you can make some money. But again, a lot of people that are subscribers to my newsletters will be out of place and they can't trade either. So always a good time to go. But if you're there, if there's an opportunity, I will pounce on it like a tiger. Okay, like an ocelot. That'd be it. Give me call at 877-976648. You can always email me at path at tfnn.com. And of course, you can always put a message in the den. Yes. Okay. What else is it? Oh, we want to do a little history. And then we want to move on and do some charts. We've got a lot of stuff to look at. Don't go away. You'll be missed. And it's all just a little bit of history repeating. On this day in 1937, a Lockheed Electra aircraft carrying American aviator Amelia Earhart, navigator Frederick Noe Nuhan is reported missing near Howlin Island in the Pacific. The pair were attempting to fly around the world when they lost their bearings during the most challenging leg of the global journey. Lay New Guinea to Howlin Island, a tiny island, 2227 nautical miles away in the center of the Pacific Ocean. Of course, a lot of people, big conspiracy theory. Well, probably doesn't need to be. That was probably the extent of the plane's ability to navigate. And not only that, why she was the first female pilot, she apparently had lots of problems and could have been a much better pilot for most of the people during the time. Of course, fairly early in the aviation world, but more than a few people said that she had, I think she cracked up a few planes, some other stuff. She may have been the first trailblazer, but there's an old saying and that is there are old pilots and there are bold pilots, but few old, bold pilots. And, you know, you're out there in the middle of the ocean. Everything looks the same. Sometimes your equipment doesn't work perfectly. Literally everything had to go perfect for her to hit that island. And not surprising, it did not. Didn't have a lot of backups. Didn't have ships that she could count on to land close if she needed a ditch on this day in 1937. Giant conspiracy theory started over the airport. Be back in a minute. A good strategy is to have the tools needed to help you scan and analyze the markets before you trade. The TAS Profile Scanner instantly scans and filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. 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You can still visit us at the same TFNN.com URL, but when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com, educating investors. And we got a lot going on here. Let's turn the back up so I can hear myself. What else have we got? That's about it for the snooze. Let's get up ahead and look at some charts. I had a lot of stocks testing previous highs. We want to take a quick look at this. Of course, Apple up on very, very light energy off this June 3rd low, down to 170.26, certainly looks to me as weak as this has come back up to 200. This is probably at best in a trading range without some news. And of course, why there is some stuff going on in it, it just doesn't seem that strong. And one of the weakest back-to-back legs from the highs to the lows and of course, as a big hunk of the Nasdaq could be a problem, not yet. In tech land, since I won't be around Friday, we won't have a tech insider. Our NVIDIA did launch a new version of its video card series that's a fairly nice deal for PC owners if they're looking for high-end video cards. Basically, what they did was really kind of accelerate the current crop they have and add some memory and charge about $50 more for them and they're calling them the Super Editions. Not a lot of marketing weight went behind that, but the 26, 20, 60, 2070, and 2080 Super Editions. But some pretty amazing technology for the price point. I think the most expensive one is about 700 bucks, but certainly much more bang for the buck than the previous versions that they are discontinuing. A little bit of that spike yesterday may have been with that news leaking. Everybody went to sell it off, but again, to sell off today on fairly light volume of under 7 million shares compared to the 17, almost 18 million shares yesterday on the way up. Let's take a quick look at the SMHs and see if anything's going on in those. Okay. As we talked about, there were these big gaps that the SMHs were going into yesterday and that was a, well, a gap up, gap down that goes back to May 6th. That had about 6.8 million shares yesterday. You got into it with 9 million shares suggesting that even though it rolled over, that you get at least one more test of the 115.96 from yesterday. So even though we're back a little bit, I could see maybe even before the end of the day, I think a lot of people saw that news earlier on Pence and cited it short early. And probably not a lot of move to the upside, but I do expect those people that went short probably blink like they did yesterday at the close. Generally when the short's quit shorting is when the top of the market comes in. We haven't, I haven't really seen anything that looks like that. Air Cap Holings, AER is the symbol on this one. Appears to the previous May 1st yesterday. That was at $52.68 with 1.7 million shares. Got into it with 850,000 shares yesterday. Rolled over closed below it and pulled back today. But energy on the way up on this one was very light. Again, I'm not going to short before Friday, but I don't think anyway. But certainly this one does look like it could test $44.67 fairly easily on that leg up. Apple too looks rather weak. Lion Technologies, this company makes the invisible braces actually found some fairly decent support. It's come down on about the same energy on the way up. So maybe a trading range. May 31st, $272.60 with 2.5 million shares. The highest volume had was 1.4 million shares. It appears to back into the trading range now, which means it could have a pretty nice range back up to 319.17, which is the June 10th high. A lot of stocks surrounding the housing industry look like they could be in an ABC down. A.O. Smith, the water heater company, has done basically a kind of a standard retracement, but on very light energy. It only needs about another 50 cents higher than yesterday's high to hit the 50% retracement. There's so many of these that did this yesterday and the housing business makes me think that there is something going on. To Amphenall, kind of a bellwether for SMHs. They make a lot of connectors that go into electronic products. And kind of the Cadillac, I would say, of those connectors, especially military, that kind of stuff, gapped up yesterday, holding that gap today. You were looking for something like 2.5 million shares. We're up on about 500,000 shares so far. Avalara, a company that I talked about after an IPO'd, never was able to find a good technical entry point to it, has two really nice gaps higher. I'm looking for a third to say the end of it. And of course, this is a very interesting company. I wish I just probably should have closed my eyes and bought it. But I'm not one of those guys. I don't like to gamble, especially with other people's money. But they are a transaction tax compliance corporation around the world, especially with more and more talk of tariffs. This company's probably going to have a very long and prosperous career. Again, I wouldn't... This is one of the stocks I don't think, if you want to short. And it may even take off on bad tax news, or tariff news. But at the same time, the next gap up probably takes it to 100 bucks. So if nothing bad happens, keep an eye on that one. It could be a big mover. Baker Hughes, I quote, the numbers for the rig count every Friday, they are part of General Electric, or Spinoff General Electric. They got back up to this big down day of April 30th that had almost 11 million shares to the downside. You've been doing about half of that for the last week today. But you're down a little bit more, but not much in the way of volume, less than four million shares right now. Another one in the housing sector is Builders First Choice, BLDR. You can find it here. Come on. There we go. And that's tested the previous high of three million shares on May 8th at $1694, went above it yesterday, closed below it, back into the trading range today. So there are some fairly bearish setups. I'm not shorting a $17 stock. I won't really short anything under a $30 stock, but the energy up off the bottom is not all that bad, problematic. BOTS, which is a robotics and artificial intelligence ETF, if you've not been familiar with it, BOTZ is a symbol on this one. Going back into the gap down of May 7th that had 1.2 million shares gapped up into yesterday with 600,000 shares. Today you only have about 260,000 shares. Let's see what else. Brooks Automation. We'll look at this when we come back. You got plenty of time to give me a call. Ask me a question. This is the day to do it. 877-927-663. The path of least resistance is David White's daily trading newsletter, and if you're looking for active trading ideas, then now is a perfect time for a 30-day free trial to this powerful daily trading advisory service. David uses his years of trading experience to offer his subscribers his trading ideas each morning in his Path of Lease Resistance newsletter. Using a combination of equity trades along with options, David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted. 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I don't know how to pronounce it. Vi-a-vi-a solutions, maybe. Vi-a-vi-a solutions, maybe. These guys make a lot of test equipment for certification of networks. Make sure that they're provisioned out correct. A lot of setup stuff. Very light volume test of the previous high at $14. You had six million shares back on May 3rd. Today you got 1.6 million shares. Yesterday you had 3 million shares. So the best you can look at is about half the volume. So kind of at the top end of the trading range. But that's about it. Vi-a-vi-a I don't know. I hate people that name their companies. Something hard to pronounce. Almost as bad as these drug names that seem like someone had a fever dream and took a bunch of smack with a heroin chaser and then named the drug something. But I do digress. What else do we have? Well, that's that. We were talking about Brooks Automation when we left. Two-Haw City. Brooks Automation basically back up to this resistance level that starts at about 40 bucks. So you got that. Is there anything else going on in this? It just looks like the whole market, which is kind of doppy. But doesn't look like you've got a signal where a lot of these things failed. Coherent systems. Again, a lot of these things have come back up on very light energy. This is one that basically came in and hit the gap down from May 7th yesterday with 400,000 shares on that May 7th date. Hit it yesterday with 376,000. Again, it looks like you've got maybe one more push to get higher in a lot of these before they give another signal. Carlisle Company testing its 2 million share high of May 1st at 142. About a week ago, 142.30 closed back in coming back up. But you got about 139,000 shares today for the Carlisle companies coming up that 142 area. That looks very light and probably a lot of people not talking about it, which is always pretty nice. Of course, the Dow Jones testing around its highs had a nice spike at 268.69 on June 21st. So you probably think we need to test and exceed that in the next couple of days. Maybe tomorrow, maybe Friday. If nothing happens, I think we could get into that with a lighter volume in the next close would probably paint a fairly decent picture of some tops. As we've talked about before, that double repo pattern kind of comes in exactly on the on the Dow. And again, this is not one where you predict the future, but you wait for the future and it worked very well last time. We talked about it on the air, but you're looking for something in the neighborhood of 10 to 15 days above a three by three displaced moving average or a nine day moving average and full of days underneath it. Couple of days above it and then a close. The next close below that is generally where you get the destruction. So we don't have that close, but if we just go sideways till Friday, you could get into that close. So keep an eye at least on the Dow for that. Clean that up a little bit. Let's see what else. FLIR, forward infrared looking radar. Actually it's now just infrared. It's not really radar. But this one's hitting this $55 level pretty hard resistance. April 24th at 55 15, you had three and a half million shares got into it yesterday with 800,000 shares in the trading range. But again, generally without some kind of news with you are not going to know it in advance unless you're a fortune teller and generally I haven't met anybody that's a fortune teller that actually can give you a fortune. Kind of isn't it kind of interesting that fortune tellers are always asking for money. They're supposed to be tellers of fortune, but they don't have a fortune of their own. Anyway, nice little top up there, but no volume and again most of these stocks look like they could pull back one more time do the double repo before they fail. And again, you don't want to protect it. You want to wait for it. If you are thinking bearish here. FLIR, another one is this huge spike on May 3rd from my May 3rd. What are we going to call this 4 million shares to $54.16 got to $53.98 yesterday but that was just with 1 million shares a little reversal, but no volume on the downside that's why I still suspect we have the ability to push up on Friday or maybe on Monday and then close lower at that point. I think you could say there's a much better bearish pattern that is developed but I do not see it yet. I do see the light volume which is always the precursor. Everybody wants to say that volume instantly tells you where the stock is going higher or lower. It is not. It is like the water temperature in the Gulf during hurricane season it tells you when to be very wary of huge problems but does not tell you exactly when or where that hurricane will hit. You have to be diligent to figure that out. Helix Energy Solutions that is HLX double top $8.80 on April 23rd that was with 3.3 million shares got into it with 1 million shares yesterday it generally means that you're not going to go a lot higher. Energy was tepid from the May 31st low up to this high not horrible to Gardner IT again a little spike back above the May 6th high 161.85 with 850,000 shares got into it yesterday with 269,000 shares today with just 146,000 shares one of the few stocks though that looks like it's actually holding those highs IVV which is the index fund the iShares S&P testing its previous side but again the volume is not that bad energy is off on this right hand leg back up to the top but not so horrible as I would scream short this minute but if that continues to next week could be extremely problematic. The Russell iShares IWO back into the gap down from May 7th that had 350,000 shares on the way down yesterday you pierced it with 860 yeah 896,000 shares suggesting that you are going to at least see around 205 retested before this market rolls over IWR of course is the Russell mid cap kind of the same kind of pattern 3.5 million shares back on May 1st 5613 yesterday through with 1.3 million shares and back into the trading range you go no soup for you no soup back in a minute the investment is anywhere from 30,000 to 75,000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four year CD in the country as of February 20th is 3.1% a $50,000 investment at a normal four year CD rate of 3.1% would give you income of 1550 per year or 6200 over the four year period that same $50,000 investment in the target first mortgage program would give you 3,500 per year or 14,000 over the four years what should you prefer 6200 or 14,000 of interest on your investment if you would like more information about the target first mortgage program you can call me at 877-518-9190 that's 877-518-9190 and a must have for every trader looking to gain a competitive informational edge in today's markets TFNN newsletters cover every aspect of the markets to offer you the very latest in market news plus news subscribers get to test drive our newsletters risk free for 30 days from all aspects of the markets including stocks, bonds, metals, commodities and tech there's a newsletter to fit your needs exclusively from TFNN stay informed each day you trade and get the competitive edge that will help you stay ahead of the game visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com educating investors China A shares bull and bear ETFs China A shares in either direction visit directioninvestments.com today an investor should consider the investment objectives, risks, charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 866-4767523 the prospectus or summary prospectus should be read carefully before investing an investment in 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 4 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 and we have a question about first solar and it is still holding the highs not a huge day out here you had 1.7 million shares on the 27th but that was nothing compared to the 4.5 million shares on May 3rd so you don't have that you got a couple of days up here again a lot of those I got a couple of emails asking me about the Joe Denapoli double repo pattern we talk about it from time to time I know we get new listeners all the time but the idea is that either use the 3x3 displaced moving average or a 9 day moving average both of them are fairly close to each other but the idea is to get something like 10 to 15 maybe use many 20 days straight above that short term moving average to give you at least some kind of idea of a significant move in the market without a significant retrace you get a couple of days down you get a couple days down underneath that then back above it 2, 3, 4, 5 days and then the next close underneath that you pull the trigger and a lot of times you'll find out that it literally opens up below that line and gets destroyed that entire day that's what pretty much happened in the last cycle that we were short and that we called for but it moved incredibly quickly but you can look at it LABU is another one da da da would I buy bitcoin I wouldn't have bought bitcoin at the beginning now if I would have known it was going to $20,000 would have been fine I would have just assumed that whatever I had it on would like a disc or a USB would be roasted by the sun or hit by a meteor I just didn't understand the idea of having zero backup to a system for holding my cash and you know if I could have bought it for $3 yeah I may have put some decent cash in it and I would have cashed out high I just it always seems like a fraud and the beanie babies or the tulips I like my cash to have nuclear weapons behind it maybe that's it I'm just a little bit more careful I guess uh I told you all about it I didn't tell you to buy it I think that's the difference I did go through everything that was there and the understanding of how it worked but I did not buy it none from Philadelphia did buy it congratulations for a huge win uh okay light which is a lumentum uh this one quite the reversal yesterday is it went and ran a lot of folks out this is what you're looking for again you haven't pierced the up leg yet on this one or come anywhere close to hitting a upward support line a lot of this stuff does look like it could take yet another week to even start to develop this one not these folks make a lot of lasers this is one of the ones I brought up I think was it last year last fall and a lot of them docu vila light a lot of these interesting stocks for the long term but I wanted them to trade a while these've been a part of the whole business so I included all those letters uh LBS Las Vegas Sands nice gap up yesterday uh but uh gap was on very light volume compared to the down move back on the 17th of may where it came down on 6.1 million shares got into it yesterday with 6 million shares was just not all that bad uh Let's see what else we have match group. I've been waiting for this one thinking that we could catch. This one is a short opportunity because I have a feeling this one is going to crack fairly hard. Again, if you don't get the move that you want, that three by three displaced moving average is a good way to set your stop. And a lot of times in the newsletter, that's exactly what I will do. And so if you don't get it, you know, you didn't lose much out here. You could have, in fact, maybe made a little bit on the close under the three by three on the 19th and shorted it at 70 bucks and been out maybe yesterday at 68 or something. So may even made a little bit of money. But you might consider that as a way of looking at where the risk reward was. Netgear, I've been waiting for this one to bottom out. No sign yet on this, but interesting company and the fact that everybody will need new routers over the next five years with 5G. This one's kind of really just bottoming out in the fact that 5G hasn't really become something. It may take another year for this thing to get in gear, but that's why they call it Netgear. Give me call 877-927-6648. Email me at path at tfnn.com and see what else we have. Question about Intel. Have I changed my opinion on it? No. You've got kind of a nice bounce, but again, looks more like an ABC on the way down with the super light energy off that May 23rd low. This one actually looks like one of the weakest of the SMH's that I can find. I think it does retest that $42.86 May 23rd low. So that could be it. Yeah, in the 10 he was, John was actually saying what he said, which is he was prepared to lose it all, which is generally not a newsletter type trade that I put it in, although I will. But normally it has to be kind of an option play to two. One of the ones that kind of caught me, especially the way energy is trading was Pacific ethanol. Now these guys make ethanol for gasoline. This thing has been perpetually down in this range. But if you're looking for a play, maybe on energy that is kind of a lottery ticket, this one looks kind of interesting. December 31st, it hit 76 cents with 1.9 million shares and it's got right back into that yesterday with about 75 cents. Energy is off on this last big move from 131 to 75 cents. But if you were looking for something with a lot of bang for the buck to hide out in over the next few days, that one, very interesting because if you see crude rise, you'll probably see this rise also on a supply issue anyway. Renna Center, RCI is will get ready to go to break. And the last segment coming up, Renna Center. I'm pretty sure this is Renna Center, right? I don't know why it just says, yeah, they've changed it. RCI, okay, need to change that. 4 million shares on $26.75. That's the May 8th high. Got into it today with 422,000 shares. So basically you're above the previous high with a tenth of the volume. And that kind of tells you, you know, if things were going south, the stock probably would be going much higher with a lot more energy. Um, but just up on light volume, but just about everything is. We'll be back in a minute. We'll wrap up the week. Me anyway. Just a reminder, we'll be back next Tuesday, I think or Wednesday. Best when it comes to managing your money. Let me teach you to do what most wealth managers tell you can't be done, which is how to time the markets. I'm Steve Rhodes, author of Mastering Probability. And for the last 12 months, Timer Digest has been tracking my newsletter signals, which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months. Timer Digest also ranks me as the number one market timer for gold as well. The fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do. 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Match that with 14 years as a full-time trader and he's uniquely qualified to guide you through the light-speed world of ever-evolving high-tech. If you're ready to ride the next big technology bull market for less than $40 per month, log on to TFNN.com and get your two-week free trial to the technology insider. Get in on the ground floor of the next big thing today. Since 1984, Basil Chapman has been using the Chapman Wave methodology to advise traders of his expert market opinion. While originally hand-drawing charts from the late 1970s into the 1980s, Basil noticed that prices under most circumstances virtually always had a certain number of likes to the upside before declining sharply. Later, Basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls. Thus was born the Chapman Wave sequence. Using the Chapman Wave methodology along with other indicators, Basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter. Right now you can get a two-week free trial to the opening call, Basil's daily trading newsletter, by visiting the front page of TFNN.com. Cancel it anytime during that trial and pay absolutely nothing. Get your two-week free trial to Basil's newsletter, the opening call today by visiting TFNN.com. Catch Tom O'Brien, professional trader and educator, founder of TFNN. Also a special guest on CNBC. Tom will bisect and dissect the markets. The Tom O'Brien Show, next on TFNN. And we're taking a look at Snap. You have to do that every time you say it. Snap. Anyway, nice move higher up to $15. I tried to get this a couple of times. Never quite got it right for the move higher, but it looked to me as a fairly decent play against Facebook with all its legal issues. Not bad. You had a nice move higher on the 18th up on 56 and a half million shares. You're back into about 13 million shares. If you're looking again, I wouldn't probably buy it today. But if everything turns copacetic by next Monday, $13.80 looks to me like a fairly decent risk reward setup. Another question about Tesla. Yesterday, you had to at least $13.80 in Europe. Add a noisemaker to your car, so you didn't accidentally back up over people with electric vehicles, but mostly it was seemed at Tesla's. Most of the other cars already had added something that at least when you backed up made some beeping sounds and when you're going less than I think it's 20 miles an hour also makes a sound so you don't sneak up and roll over somebody, which I guess is now a big issue. Always reminds me of growing up in the Midwest where they had these little things that look like horns. They were tiny, maybe an inch and a inch and a half in diameter. You put them on your bumper and make a whistling sound that only the deer could hear so they'd run off the road before you came down. But I haven't seen those in a while. Not a big issue down here in Florida, I guess. Anyway, Tesla's done nothing but go sideways. I suspect that this is going to hit 245 maybe to 250. And at that point, it'll be a real headscratcher to find out whether or not you want to actually pull the trigger and go short again on it. My thought is it may take another three to six months to set up the next big leg down in Tesla. In the meantime, sell when you can, not when you have to, and we'll see you back here next Tuesday or Wednesday. Same back channel, same bad time.