 The following is a presentation of TFNN. The morning markets kickoff with your host Tommy O'Brien. Good morning everybody. I'm Tommy O'Brien coming to you live from TFNN 906 AM Tuesday morning. We got about 24 minutes to go until the start of trading and right now you have markets slightly negative territory, a little bit of volatility overnight. You're up to a high of 4405. We got the volatility yesterday into the close basically trading right where we were near the close last night and just now though, getting a little bit of negative action, 430 AM. You trade from 4405 down to almost 4370. We're approaching that area yet again, 4378 lows at 345 yesterday, right? So the close yesterday about 4390, but you see that that continuation right into the 4 o'clock bar till 415, 345 market was trading at about 4365. You made it all the way up to 4410 overnight. That's 45 S&P points. That is a 1% rise from 345 last night to basically 8 PM Eastern time, but since then markets almost right back to where we were near the close last night. NASDAQ 100, you're negative by about 59 points. You look at yesterday's action into the close as you see almost right back to where we were at about 345 PM Eastern time in the NASDAQ 100, 13,854. Made it above 14,000 briefly at again, 8 PM Eastern time. Dow this morning negative 33 points, 34,279 to get the Russell flat. Crude 104.72, we made it to a 109 handle yesterday. Crude backs off a bit into the close. We're continuing to back off at 104.68. Gold contract was above 2,000 yesterday. Little bit of a sell off going on right now in gold. Gold spikes from 1982 to 1962, gold off $23 on the session from yesterday. You got silver right now, negative 35 cents, silver selling off as well. And we jumped to notes and bonds. The trend is continuing, folks. You're talking about a yield right now, 2.92%. I mean, you gotta imagine there's actually a chance over the next 52 minutes by 10 AM with the way that these things are moving that you could get 3% by the time I'm off the air. You can definitely get 3%. Today, when you're sitting at 2.915, that's the exact folks, let's round it up, 2.92%. Not seen since late 2018. Last time we saw a yield on the 10 year that high. You back things up on a five year weekly, and I believe there's the action. You're talking about November of 2018. You had the 10 year October of 2018 down to 117.13 right there on the 10 year, right back to that area. And that is down all the way from about 139 to 140. And you maintain that area, folks, all the way from the beginning of COVID to basically October. Things really started accelerating in January of 21. Boy, quite a remarkable chart. Let's back this up as far as we go and take it a look. So you had that low in 2018, man, this chart quite a reversal. You get below this level though, 103, totally in game. Why not, right? And taking a look at the 30 year, you're down 25 ticks. I've talked about this one now. This one goes back to 1999, quite a trend line. You could even make the argument that this trend line should be a little bit higher to maybe pull in the linear regression of the low in 2013, along with the low in 2018. Nonetheless, decisive break below that trend that you could argue has been in place for 22 to 23 years. We're seeing quite a substantial rise here, folks, and the market is reacting. Okay, let's jump around to some of the news out there this morning. And we'll kick it off with this one, just sitting in the headlines over here. As I had CNBC up, the IMF is going to cut global growth forecasts on the war, says risks to economy have risen sharply, projecting a 3.6% GDP. For the global economy this year and for 2023, that's a 0.8% and 0.2% drop, respectively, from what they were just talking about in January before the war. Sanctions will have severe impact on the Russian economy, surprise prize, which estimated that the country's GDP will fall about 8.5% this year and 2.3% in 2023. Actually remarkable, that's all it is, folks, for all that was talked about. You're talking about the Russian economy just going down 8.5% with all the companies pulling out and only 2.3% next year? That's not good to put it lightly. All right, let's see what else we have going on. One of the headlines out there, housing starts, right? Unexpectedly rise to the fastest base since 2006. Construction, 1.79 million pace on multifamily projects. Number of homeless under construction continue to rise in March. So 1.79 million starts climbed to 0.3%. Applications to build climb to an annualized 1.87. I mean, you look at these charts, what I want to pull up here, new home construction rising in March to the highest level since 2006. Man, it is just a constant rise, building permits on the rise as well. Excuse me. That's the strongest pace of multifamily home construction since January 2020. And when you get into the under construction, the number of total homes authorized for construction but not yet started. That's talking about permits rising 2.9%. I mean, pretty amazing numbers out here in the housing numbers, but the rates and the yields and what I just talked about with the tenure, my dad's been talking about it and he makes a pretty solid argument, folks, because man, when you look at, I saw an article, I'll have to pull it up. We're going to talk to our man, Kevin Hanks, after this break coming up. But I will find an article when later in the program, because it shocked me even what the interest rate rise already has done to payments. You're talking about potentially a 50% rise. And I believe the example in the article that I'm going to try and find had basically the median house price for a year ago or two ago. And that house rising from ballpark 300 to 350,000 median price. At the same time, you have rates rising from maybe 2.5 to 3% to 5%. And that impact on a payment went from about $1,100 and change called even $1,200 to $1,800 almost. You had almost a 50% rise in the monthly payment just for the median household buy. That is very difficult to support, folks. And I don't think rates may be done just rising just yet. I mean, you're talking about that the Fed wants to hike things 2.5 percentage points. It was still just sitting at a 30-year yield of 5%, just above 5%. That would correlate if you're hiking things 2.5% where you had to come from about 2.5%. More than just more, quite 2.5%. Maybe they were close. Maybe they were. But you get the point. It's very possible that they go up even from here, the yield. And at some point, you will get a bounce, though, jumping back. It's almost like you can't stress it enough. At some point, you will get a bounce. But man, that is quite an accelerated point. And I anticipate at this time that we will touch 2.3% sometime in the near future, because you're at 2.91% and the market likes round numbers. They say it lightly, but they do. All right, let's jump around to some of the fag stocks. As we come into this first break, Amazon shares, you're basically flat today. You jump over to Apple shares. All the markets are pretty close to flat down a bit. Let's jump over to Netflix, because I believe Netflix out with their numbers tonight after the bell. Netflix right now trading down a little bit again. A little bit of a tough day for Netflix yesterday. Accelerated higher into the close. We'll take a look at Netflix as well, because Netflix, you're talking about a $31 move priced into their numbers. $35 of implied volatility just for the weekly options expiring Friday. That's a pretty decent move. That's more than a 10% move priced into options. We'll be coming back. We'll talk to our man, Kevin Hanks from TD Ameritrade. Folks, stay tuned. 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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 have the S&P futures negative by three points right now. You're looking at a NASDAQ 100, negative by 32. Dow and the Russell barely in the positive. Let's jump over to our man, Kevin Hinks. Every trading day folks, 12 noon Eastern time right here at Tiger TV. Fast market with your host Kevin Hinks, Tom White. They break down the day's market action folks. They walk you through the day's stories. They walk you through hypothetical trade setups using options. Talking about defined risk in this market. Kevin Hinks, good morning. Good morning, Tommy O'Brien. Yeah, we're off to another good start here in terms of digesting a lot of economic data. James Bullard came out yesterday afternoon with more hawkish tone. He's consistent. We have to give him that. He's very consistent on his hawkish tone. But Tommy, if any of your viewers are wondering why this market is struggling, all you have to do is look at a chart of the 10-year yield and look at a chart of the US dollar. And those two metrics are working against this stock market and especially it's working against the NASDAQ. And yesterday was a day of rallies and failures and rallies and failures. At the end of the day it was a very mixed, basically unchanged market. And so today we'll get some earnings from Netflix. That'll be important. IBM used to be a lot more important than it is now when we get IBM out. But this is a market trying to figure out what it's going to do with these higher interest rates because that move in interest rates, that move in the 10-year yield, it just makes it very difficult for stocks to get any momentum on the upside. And what, if you're looking for some reason to get hopeful about the market, if the 10-year stalls here with the overall strength of the US economy, that could be good for stocks. But we need this 10-year to flow its pace on the upside. Tommy, I put out on Twitter yesterday that we need the 10-year yield to pull a hamstring. Tommy. Boy, it's firing on all cylinders right now to the downside in terms of price, Kevin. Yeah, I've got it up on a monthly even going back. And the chart I have on thinkorswim goes back to 2003 at some point. And man, you're back as the headlines show this morning. Highest yield 2.91% since 2018. And the steepness of that curve, man, of this acceleration. And right before you came on the air, Kevin, I had a three-minute break for the commercial. What was I doing? I was reading an article about Bullard statements as well. And 3.5% by the end of the year, which would be 50 basis points at every single meeting. And I actually chuckled. But I chuckled. And I said, well, inflation is crazy in my head. I said, I don't know. Maybe it's possible, man. We'll find out. But the way the yield is moving, man, I talked about at the beginning of the show. It is remarkable. Netflix earnings, Kevin. So Netflix after the bell. Quite a pullback, man. You take a look at this thing on a daily. You're up to 700 bucks. As recently as November, you're trading at $3.37. Kevin, we're always bringing new listeners, new viewers in for those that are not familiar on the thinkorswim platform. Because I've been talking about it a bit. Netflix, a pretty decent move priced in for $337 stock. You jump over to the Analyze tab. The yellow number here with the 3Ms. Can you explain that to the viewers? I got it at $31 right now for Netflix. Yeah, the market maker move it's called. And it's right in the middle of the trade tab. And the all product trade tab. Whenever the front month implied volatility, the front expiration, I should say, implied volatility, rises over the second expiration. In this case, the April 22 expiration, you see a 135 in terms of the implied volatility. Well, the April 29th is only a 91 implied volatility. Tommy, so when it gets like that, that triggers an event risk move. A one day move, which is noted by the market maker move. So that says that there's an event coming up that the implied volatility is telling us that there's an event. And in this case, as you know, it's earnings after the bell today. So right now there's a $31 expected one day move. Now the move for the week that you'll get in the far right column of the thinkorswim platform is only $34.80. Now that's up or down. That move in Netflix that we just talked about, $31, that is up or down. That's why you see the plus and the minus right ahead of the number. It's in either direction. The implied volatility is saying that there's a one day expected move of $31 in either direction. Now here's a very important part, Tommy. That's not the answer to the question. That's part of the question. The answer is when the event happens and the move happens. Right? But sometimes it goes further. Sometimes it goes less. Sometimes it goes right there at that number. So that gives you a measuring stick to look at what that level of implied volatility shows about potential movement in the underlying. And then it allows you to set up option strategies. It's just one more tool to use to set up option strategies. Tommy, it's a fascinating measurement and service on the fingersome platform. It only is a tool, though, and it's not Bible, as you know. Man, you do such a great job of explaining that. Thank you so much. I've asked you a few times because I've found it so useful myself. Kevin, I learned it from watching your program, man. Trading options, especially. So in Netflix here, $31. And as you said, I'm glad you did because you go down the weekly. If you're trading this week, you'd be trading the Friday expiration April 22nd options, which those have $34.85 implied volatility. It's more than a 10% move, which is why I brought it up, especially. What's great is you make the point. In my mind, Kevin, I say I can do just some quick analysis of what kind of trades maybe off the bat that you could do. Right? So $35 in both directions. So if I wanted to sell volatility in either direction, maybe they're putting about a $17.50 implied volatility to the upside. I could sell a call spread maybe to the upside, and maybe I'd be able to take in there. The market's implying about a $17.50 move at Iron Condor. You got $35, which so called those, even if you own the equity. If you own stock right now, folks, you better be willing to know that as of Friday, the market's saying, hey, this thing can move about $35 in either direction right now. That's what the market's pricing in. Do you want to ride that out as an equity holder? I just think it's a great piece of knowledge, Kevin. I appreciate you talking about it so well, man, and I appreciate Thinkorswimp having it on that platform. So we go forward with earnings, Netflix today. What are you guys going to be talking about on the program today, Kevin? We're going to look at three really good names, really high profile. Proctor and Gamble in the first segment, the consumer staple comes out with earnings. Then obviously, Light Bullet is going to do presentation on Netflix, and then we'll trade debt in the second segment. And then IBM, Big Blue, we'll trade in the third segment. Not the Big Blue that it used to be, but certainly a name that everyone can recognize. So Proctor and Gamble, Netflix, and IBM today, Tommy. Pretty cool, man. Kevin, we appreciate the time. We appreciate the education as always, man, and we'll be watching at 12 noon Eastern time today. You have a great one. Thanks for having me on, Tommy. Have a great day. Always a pleasure. Folks, check it out. You heard it. Three great names. Proctor and Gamble, Netflix, and IBM. I'm going to be watching Netflix, man, especially, and I do have even some Proctor and Gamble in a retirement account as well. No IBM in that retirement account just yet. IBM was interesting pulling up the trend lines in a possible downtrend there, but bumping up against the upper portion of that trend line you see, and that's talking about a trend, folks, from 2013 on a monthly basis. Proctor and Gamble, very strong stock. Check out that chart on a longer-term basis. Accelerating higher, you're at 157. You're going all-time high at 165. But Netflix, man, that's a lot of volatility priced into premium on these options when you've got 10% for the week. So stay tuned, folks. We'll be right back. You having fun trading the markets, but having trouble finding like-minded individuals to discuss your trading and investment ideas with? Become an Apex creditor 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 these 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 Tigerses as they share trading ideas, news analysis, and discuss the market action all trading day. 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We are so confident that you're gonna love this new charting software that will even give you a 30-day unconditional money-back guarantee. Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade charts today by visiting tfnn.com. This segment is brought to you by Thinkorswim. For more information, just click the Thinkorswim banner on the front page of tfnn.com. Welcome back, folks. We've got markets open. You're at the S&P right now, up three points, trading at $43.90. You see the drop-off we had in the overnight session at $4.30, made it to a low of about $43.71. But as the markets open, just putting it back to a five-minute chart, a little bit of a pop on the open. We get the Dow right now negative, excuse me, NASDAQ negative by $40, Dow positive by $93. So jumping back to Netflix, I was just playing it with a couple trades, folks. I will look forward to see how Kevin, Tom White, the team at TD Ameritrade Network, they do a great job if you're trying to learn options, folks. Check out that program if you get a chance. They set up hypothetical trades. The reason why I brought up especially is because a 10% move in an equity geared around, and I'm talking about 10% when you put it on a weekly basis, all right? $34.63 right now. These numbers update only when markets are trading as well. 9.30 a.m. till 4 p.m. At 4 p.m., these numbers freeze as of the close. They do not adjust overnight, depending on how the equity is trading. Options only trade during market hours. That's one thing that's unfortunate, because when you trade Netflix earnings, if you're trading them, the stock might do something after hours, and you cannot get out of that position till 9.30 the next morning, important to consider. I'm sure there are ways there that you can offset that position possibly with an equity purchase on the other side, but you cannot trade options nonetheless. Now, so $36.27. The number's actually going up right now. You have Netflix dropping again. You're down $3 right now, down a full percent, and that says the market's trading higher. This thing's been dropping. Yesterday I was looking at it as well, dropped on the open. So possible trades, when you see this, right? Do you think Netflix has a huge move in either direction? Well, very quickly, with an implied volatility of $36, there's an $18 move on either side. If you're trading options that you need to make up, just to make up the implied volatility that is priced into that equity. So if you want to be buying options, if you want to buy a call, okay, for instance, you go to April 22, the ones that expire this Friday, we're going to scroll down to an at the money, which is about $3.35. Okay, and there you go. A call, $3.35, about $17 or so. Right, you're $0.75 lower. That's a little bit of a divergence. $3.32.50 call, that's coming in at about $18 and change. That's a hefty move, and you have to be directionally correct. All right, so if you're buying a call, number one, there's theoretically a 50% chance it's going to go up or down. So automatically, you're going to lose about 50% of the time or less if you have some type of advantage. And then you need the stock to move at least $18 to make any money. Now, when I see a move that's that large, okay, $36, and I don't have an inherent bias, which you can have, and this is where biases come into things, folks, okay? Personal biases come in, as Kevin says. That's not the answer. That's not going to walk you through how to make money. Seeing this number and seeing the applied volatility isn't the end of the equation, okay? The answer is when things come out, you'll find out the move versus the implied move and basically who was right and who was wrong. Who was paying for volatility? Who was selling volatility? If you would be selling volatility on this, okay, which in my opinion becomes attractive when you got more than a 10% move because you can be wrong to a hefty degree if you're selling premium, and then what you can do is you can sell it directionally. So let's say, say, all right, if anything, I think Netflix is going to stay flat to go higher, okay? This stock has been beaten down, and this is just a theoretical, folks. I have no trade in this for the earnings event, okay? I do have a small portion of Netflix in retirement. No earnings event trade yet, but it's possible today in my newsletter. If you'd like to check it out, head on over to TFNN.com. Say, maybe it's pulled back too much, and I'm looking at all these options, so it's kind of nice, and I'm walking myself through this because I wanted to do this anyway just for myself or trading, okay? Let's see what type of trades we can set up, as all the market's sneaking into the positive right now, but Netflix still down about three-quarters percent. Now, this thing, of course, it can go lower, folks. Quite a reset in multiples we have going on, but you're talking about a company now, valued at about $150 billion, I think? Yeah, $140.95, exactly, okay? $150 billion. How low can this go? It can go lower. It can. I think my dad was out there yesterday saying, maybe it's going to 286. Where do you get that number from? Maybe 287. Maybe he's talking about this low out here. Even that number, though, is just barely outside of the $34 move implied for this type of trade. If you trade an higher condor, you get that $34 in either direction. But I'm going to do a trade, let's just say that you say, all right, I don't necessarily think it's going to go dramatically higher. I'm not willing to pay the premium when you've got an $18 move priced in just upside if I'm directionally positive, all right? But I think the drastic chance that this does spike dramatically lower in the earnings today, considering it's more than cut in half already, just over the last five months, let's say if we sell a put spread, all right? So let's look at selling a put spread. Now you could jump to the, what's great, folks, you can be in the trade tab, okay? You can be in the analyze tab. If you're setting up these trades, it's pretty cool being in the analyze tab and I think it's on platform. This is some of the stuff they do go over. The reason why I understand it well is because of Kevin's program, watching it. The analyze tab and then the risk profile setup. Everything when it's visual is a little bit easier to understand. Okay, so you say, all right, it's got a $33.50 move for the earnings. It's got a $36 move right now for the week. So that means it's pricing in $18 in either direction. Let's say if I go out and sell a put spread away from the market by about 20 bucks. It's about $2 away from the move directionally, okay, that it could have. You could go further because it's telling you right now it can go either direction, 33 bucks, if you're not going to be directional. But let's just see what type of a trade setup is. You're at $33.35. Let's say, man, you give it say $20. I could see you go down 20 bucks. It's going to be hard for this thing to go down substantially. And again, this is not my opinion, folks. I haven't made it yet. But you could see how a rational person could make this opinion. I'm sure there's some people that have this bias out there. And it's kind of cool to walk through how to set up this trade potentially. If you say, I'm not willing to pay the premium for an upside move. But geez, I really think there's a lot of premium assigned to the negative action below this price level. And I don't think Netflix has the chance that the market is assigning for it to trade through that level. I want to be the one that's going to absorb that premium to the downside. And I am going to be the one that's going to be responsible for the price action if Netflix accelerates through that price. So let's go $20 out and see what kind of a price sets up. We would be selling somebody else the right to basically sell Netflix at $3.15. So we're selling a $3.15 put. Let's see what happens if we give it $10 of action. So what this trade does is we have sold a $3.15 to $3.10 put spread. For that right that we're selling somebody, we take in $1.47 in credit. Our maximum profit for this trade is $1.47 for this trade. Okay, these are the types of trades they set up at Nude Folks too if you're into options. This is why I wanted to kind of go over it. Now what is our max loss in this trade? Our max loss is we cover the price action from $3.15 to $3.10. That would result in a $5 loss, all right? And let's just push it down to one single contract which is 100 shares to make it as easy as possible, okay? So when you jump over to the risk profile, our max loss is the $500 that we would lose by covering the price action from $3.15 to $3.10 minus the credit we receive initially. And let's just put it to $1.40 for simple math because it's chopping around, okay? So our max loss is $3.60. Our max profit is $1.40. So what are we doing? We're risking about $2.5 to make one, right? $2.80, yeah, almost exactly. We're risking $2.50 for every dollar that we make in a potential profit. The cool part about that is is that even if this stock folks, okay, moves $20, $25.30 tomorrow, there is still some value in this that it's not a complete loss, okay? Because these options have value through Friday. So always, you'd be surprised sometimes when there's this much of an applied move in, where that volatility assigns. I encourage you to check out a demo account, folks, on thinkorswim. We'll just finish up this conversation when we get back talking a little Netflix earnings tonight. Stay tuned, folks. 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. 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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, 4-Side Fund Services, LLC. What if I want to go out $30? What kind of a premium can I absorb if I go out $30 as opposed to going out $20? $30 is going to be a less likely move out of course over 20. Again, you have the stock right now trading at $336 so it would be about 305. Let's call it 310. Maybe that's $27 of action. So what you do is you would sell the 310 and then giving yourself the same $5 spread. This time you're still taking in $1.25 as opposed to $1.40. That might be a more attractive trade depending on what kind of market move you're expecting around options. Even if you're trading equities folks, understanding the implied move coming into earnings. If you own equities coming into earnings they're an event. Where you reveal basically the sales earnings and data of the previous 90 days of a company and understanding the implied moves in the stocks that you're holding is a volatility that you are suscepting yourself to. It's pretty cool. I encourage you to check it out. You can do the same then. If you have a reverse scenario, let's say you say that there's no way that Netflix balances. They were way too high priced. You could be the one selling a call spread or if you have no directional trade at all you can be the one selling both which combine into something like an iron condor which then gives you the $36 implied move that the market is pricing in. It's pretty cool once you understand it and the visual aspect of the analyze tab and then you pull up the risk profile. I mean you've got probability analysis in here folks. It's pretty cool. This tells you right with Netflix right now trading at $3.36 and change. How many days you go out, where on the chart the implied volatility brings this thing. When you're talking about going out June 19th of 22, you're talking about $248 maybe in terms of a one standard deviation move. No, is that two? Yeah, I'll have to pull that one up. It's great information. I encourage you to check it out folks. S&Ps are catching a bid right now as we speak as well. S&Ps right now up by 16 points. Let's put it back on a 15 minute chart. There's a pop for you. We're coming in to right where we were at the close right where we were in the overnight session 4404 right now in the S&P. Let's jump down to that gold contract. Gold down about 17 bucks, but catches a little bit of a bid off of 1960 and check out where the notes and bonds are going. Little bit of a bid you could call it. 1902 to 1908 right now. Okay, let's jump around to some of the other stories I have up here. Let's see. Of course we have the yields 2.91% highest level for yield since late 2018. Yeah, Apollo is interested. So they, you know, Elon would be able to find a backer folks. I just going to touch on it. Not surprising that he's going to be able to get a backer for this. I would guess that he has a plan and he is not a hard man to believe in in terms of what he's done with those companies as long as he has a financial plan. And he would probably be able to do it himself if he wanted to, but he's going to have backers it looks like and Apollo is the first one, but they want to be the only one in the mix. They don't want to share the action. Yeah, Russia's found no place to put their reserves. So Russia boosted share of the euro, won while cutting dollar and it's international reserves. You get the share of the US dollar. Now this goes back to 2018. You see a little bit of a divergence here over the war. Euro spiking, the one staying standard set at 13 and the dollar actually decreasing. It's pretty intense what's going on with Russia over there. I mean, it's tough not to talk about the war and Don boss now is the region. So we will see. So it is April 19 folks and a spring nor'easter made up 10 inches of snow in Pennsylvania, New York. I know we got a lot of listeners in the northeast, upstate New York and far northeast Pennsylvania. So you're talking about upstate as well as parts of Vermont though and Massachusetts. Weather alerts from the Appalachians through upstate New York. So I'm not sure it's going to be a good old Boston, maybe a little bit of Western mass, beautiful Appalachians upstate New York, far East Pennsylvania. None of us are talking about five to 10 inches, man. It is April 19th almost coming into May. I don't even have to tell you how hot it is. Unfortunately right now in Florida, but we can't complain folks because we have those beautiful winters. We still got some beautiful beaches. This is very, very warm in Florida. Just going through Easter, man. I got a little Easter duck. My dad gave Easter duck to the kid. Chocolate ducks and man, they were melting in no time at the parking lot. We had to get them in the car because it was so hot. But hey, nonetheless, pretty remarkable you're seeing that type of weather. All right, let's jump down the line as we come into this break in a few minutes. Netgear down big. Networking equipment maker reported weaker than expected results. Cut its core and core forecast pointing to weaker U.S. market for Wi-Fi equipment. This one I don't understand the fundamentals of NETG, N-T-G-R. So you catch a little bit of a bit on the open. You're down 8% though. You put this thing on a three-year weekly. Yeah, and watch out, folks. I mean, this is coming right into the lows we had of 15 bucks for the COVID lows. You are below where you were prior to the pandemic. It's backing up even further. Yeah, that's a tough deal, man. And I don't know if maybe they're just not necessary in the way they once were. But nonetheless, Wi-Fi equipment, not panning out. We work is rallying after the office sharing company got an upgrade to overweight. Looks like the pain may be over. Confidence and the path to profitability and how well flexible office model fits a post-COVID world. Yeah, I mean, people are getting back to the office, but in a two to three-day setting, I would say, seems like the ideal situation going forward. Seems like it's ideal in terms of keeping a relationship with the workers and also ideal and being able to have a couple of days off at home where you can still be as productive as you may be in the office. Halliburton's a little bit lower. They were out with their numbers. They beat, but they earned a penny share above estimates. That's all it does. Oil field services equipment remained high. Yeah, they closed it a three and a half year high. That's it. HAL. This is going to be quite a chart on a long-term basis. There you go. 425 at the COVID lows. And it's basically a 10-bagger. You're up to 4141. And check it out. You actually get it all back. Look at that. So much for being lower, man. A little bit of a sell-off right now, but you were down to 39.50, and we just hit 42.30. That's an all-time high for Halliburton after they come out with their numbers and were lower. Man, this market. Watch out, folks. 4403, S&Ps up 16. Let's jump around to some of the bank stocks. See what's trading. Amazon shares up about 210% right now. Apple shares down a quarter percent right now. We also get Tesla tomorrow. So Tesla right now, 1010. You jump over to the Analyze tab on Tesla. You take a look at the risk profile. Excuse me, simulated trades. You're talking about a $53 move. So this is interesting, right? That's why Netflix jumped out at me. You get a 10% move in Netflix, and they do have a lot of volatility right now. The market's very worried that their user acceleration is slowing. That's been part of the drop-off from 700 to 340. So there's extreme volatility price there, but Tesla's been very, very volatile as well. And Netflix has almost a double percentage move premium priced in versus Netflix versus Tesla. Excuse me, as in Tesla's about a 5% move, and Netflix is about a 10% move. So Tesla out with their numbers tomorrow, Netflix out with their numbers today. Stay tuned, folks. We'll be right back. We'll take a look at IBM as well. We'll 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 4.00 p.m. Eastern. 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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 Tigresses 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. 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 charging higher. We're up by 29 points right now. You get the Dow up 270, two Russell up 16, NASDAQ 100 up 69 points. Taking a look on a daily basis. Nothing too exciting to get excited about, I should say. As you were just up at 4,600, we are up on two consecutive sessions. But man, we're hanging out near the lows of these sessions right now. You've been chopping around at about 4,400 since April 12th. One week ago, we're sitting right now at 4,415, and didn't make it down to a low though of 4,355 on yesterday's bar. We jump over to the Dow. The Dow up 276 right now, 34,589. Crude backing off a bit. We'll put it back on a 15 minute and let's jump to notes and bonds. Because they are driving the action higher, folks. You got the 10 here sitting right basically at the lows of 1,906 right now. But the market is popping. You got the S&P's up by 30 points. I said we're talking about IBM. IBM catching a bid. You're up 1% right now. We jump over to IBM. They are out with their numbers tonight after the bell as well. You're talking about a $5.84 move for $127 stock. So again, not too much volatility priced into this equity. We take a look at IBM on a longer term basis though. I talked about this one when Kevin brought it up. I would be careful here, folks. You're at the upper portion of a trend line. You got a couple highs matching up. You got a couple lows matching up on the lower portion of that. IBM's been chopping around for a while. I mean, you're at the same prices of IBM you were trading at at the beginning of 2016 right now at $127.56. And folks, remember, you had just got basically almost cut in half at that time from $206 as recently as 2013. Yeah, and you're trading right now at $127 still. But IBM out with their numbers not too much volatility priced into that equity. And we'll finish it up with Tesla. Why not? Talking about Tesla, I know. Pretty remarkable. The value of this company versus the value of the other companies in terms of GM forward and the likes of Tesla up 0.9% right now. They are out with their earnings tomorrow. Thanks so much for starting your trading day with me, folks. Stay tuned. We got our man Basil Chapman. He's coming up live next. Then, of course, Larry Pezzvento live at 11. Fast Market coming up at 12. They're going to be talking Procter and Gamble. They're going to be talking Netflix. And they're going to be talking about IBM at noon. Steve Rhodes at one o'clock. Dave White live at two o'clock. And Tom O'Brien, my dad live from three to four. Thanks so much, folks. Stay tuned. Basil's up next. Have a great Tuesday.