 FNN. The morning markets kickoff with your host Tommy O'Brien. Good Monday morning everybody I'm Tommy O'Brien coming to you live from TFNN 9 0 6 a.m. Monday morning we got about 24 minutes to go until the start of trading and we got markets kicking things off in negative territory right now you look at an SMPs little bit of volatility even this morning in both directions right now we're trading down 15 points at 44 46 Nasdaq 100 down 46 points trading 15 thousand and 75 got the Dow off 124 points all the markets when you look at SMPs Nasdaq Nasdaq making all-time high I think now not quite on Friday look how closely we're right up to that level but you have the Dow and the SMP making all-time highs Dow just off that level off 125 points the Russell been the laggard here Russell down half a percent at 22 0 8 crypto is continuing to trade higher we got a 48000 print for Bitcoin last night right now we're technically negative 305 dollars on the session 47395 crude backing off look at that acceleration from $68 to 66 almost this morning right now we're down $2 and 14 cents in crude training at 66 31 get the gold contract catching a little bit of a bid you back things up for gold we'll put it 10 days there's your acceleration last Sunday night gold actually finished check out the weekly folks on gold we got a green bar remarkable action when you look at it let's take off that Fibonacci there's your acceleration Sunday night to 1677 90 you actually finished the week in the positive at a price point a 1717 81 yes and we're pretty much right it's not 178 was the close 1781 50 looks like we're trading pretty much right at that level right now in gold back to a short term chart we jump to notes and bonds a little bit of higher price and lower yield look at that acceleration there we're talking about a yield right now pulling up 1.26 percent now we put this thing back to see last week's action quite a little reversal there finally getting a little bit of a pop you traded from 135 14 two weeks ago Wednesday down to 130 309 more than two full points that was the low on Wednesday we get some CPI data not quite as hot as maybe you thought the market a little bit of lower yield than we're thinking 1.26 percent a little bit of a reversal from that action we had over the last two weeks in the tenure and we jumped to the volatility index this morning a little bit of negative action we're going to jump in the VIX to 1720 so far this morning all right in terms of the news out there what's happening some pretty sensational images unfortunate what's happening over there in Afghanistan in terms of the airport Kabul just taken over almost instantly after departure unfortunately that's gotten political 20 years remarkable that war is going on a bunch of bad options over there in terms of that is that is the scenario in my opinion but remarkable images in terms of the airport getting taken over I saw some images this morning of planes getting out of there with actually people literally hanging off them just craziness hopefully that saw itself for the best a tough deal over there but those images really shocking in every way as I was watching all right let's jump right into the stocks that are moving this morning now we get a lot of retail earnings this morning already excuse me this week we get retail earnings this week we'll go over those we get target walmart walmart I'll get there some others this morning sonos check this out surging more than 10 percent the maker of speakers there's a pop for you trades from 38 to 43 43 overnight the back to 42 23 you're still up more than four dollars more than 10 pop that having to do with an international trade commission judge ruling that alphabets google unit had infringed on some of the high-end speaker companies audio technology patents which could eventually lead to an import ban for some pixel smartphones and nest audio speakers yikes we'll jump over to google google unfazed google barely negative we're going to open at about 2750 you're trading 2754 google and one of the strongest companies out there man the the youtube I mean let alone controlling google which is by far and rightfully so the search domain for the internet I mean nobody can catch up with him whether it's microsoft or what not but then you cycle over to youtube which is a huge portion of their business and youtube is its own content creator I mean that company alone when there was all the concerns over antitrust etc we're talking about 100 percent from where we were in september you back things up for the weekly you were down to a thousand on the covert lows but if you recall I believe it was about september last year so you're going back about 11 months now antitrust concerns really started to rise up you went from 1726 you pulled back to 1402 and from there you take off and you've pulled back uh accelerate 100 percent of that equity we all know online sales right advertising whether it's google whether it's facebook just accelerating dramatically more eyeballs online on your phone receiving content in that form folks I go down the youtube rabbit hole many times outside of business hours just in a recreational aspect right whether it's health and fitness whether it's cooking whether it's just any type of a podcast type that interests me maybe people do in interviews just so many great programs on youtube that's just going to be a strong one for a while now man you go from 1400 to 2800 you better believe that there could be a pullback I mean this was a one-way shot I got a three-year weekly up here folks we talk about it all the time you want to blow your mind I mean just look what a 382 would do to this equity which would just be a normal retracement you're talking about a $500 pullback potentially on google now that's putting it on a weekly okay but you put it on a daily let's take it off again to see the run this is basically a one-way shot there is almost no pullback on this chart going from 1400 last September so be careful on youtube on youtube on google couldn't be stronger on on that equity but when you have barely a $100 pullback when you trade from 1400 to 2800 and you're not talking about a company that's maybe worth you know a few billion dollars doubling in value you're talking about a company that was worth almost one trillion dollars they were worth 900 billion dollars when they started that run and now they're worth 1.8 trillion dollars remarkable those companies all right let's jump around to other equities are moving this morning uh team mobile so this one uh wireless carrier said it's investigating claims and I'm going to pull up I was reading an article about this earlier and while I'm reading this I'm going to try and find this article because I think it's being peddled from only $270,000 on the probably the dark web uh it's investigating claims in an online forum of a data breach that involves the personal data of over 100 million users you read that correctly you heard it correctly the post itself doesn't mention team mobile but vice media quotes the purported hackers saying the data came from team mobile services uh and when you pull it up and I'm trying to find it if I get it in time I believe the number was 270,000 that they are trying to peddle for that come on where's my article I got my history up here here we go uh and the article goes investigating claims of data breach and there it is the anonymous seller reportedly seeking six bitcoin six bitcoin for uh data belonging to 30 million they talk about here could be as high as 100 million though uh the data breach if confirmed could affect nearly every team mobile customer in the u.s uh the telecom company reported about 105 million users t m us is their symbol now this thing has been a rocket ship in a big way this morning you're going to be down about 2% on that number there you go from 145 you touch 140 you're trading at 141 50 I expect maybe we'll look for some news from them in the future uh maybe they deny it not sure it's speculative right now you put this thing on a three-year weekly my goodness right talk about a run folks 60 bucks to start off 2019 you're at about 80 bucks to start off 2020 you dive down to a covid low of 63 50 you pull back early this year to 115 you're gonna open today about 140 pretty remarkable uh the discussion in terms of 100 million potentially 270 thousand dollars maybe a social security number isn't quite what it used to be worth on the dark web stay tuned folks we'll be right back golden ratios give shape to everything in our world represented in the Fibonacci sequence these special numbers define the patterns that make up our universe not even markets can escape the omnipotence of these ratios larry pezzavento is a 45-year market veteran who has published nearly a dozen books on the powerful patterns we find in nature and their relationships with the ever elusive markets larry's newsletter Fibonacci 24 7 will teach you to harness the power of these natural golden ratios in order to create successful trades Fibonacci 24 7 is designed to teach the tools you need to identify and act on these undeniable and reoccurring patterns sign up for larry's newsletter Fibonacci 24 7 and you will also receive free access to his trading webinar trading strong trending markets try out larry's newsletter risk-free all of tfnn's newsletters come with a 30-day money-back guarantee tfnn educating investors what's separating you from the most successful men and women on wall street that's right information having all the information gives us the perspective we need to place the right trades at the right time the task profile scanner is the premier market profile base scanner powered by its acclaimed task proprietary algorithms this feature rich scanner instantly filters over 2500 plus global financial markets such as stocks ETFs commodities futures and forex this powerful suite of tools leverages instant trade filtering and strategy formulation to show you emerging trades 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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 folks we got markets in negative territory we got about 11 minutes to go until the start of trading for the week we got the s&p's negative by about 14 points all things considered bumping up near all-time highs those highs made friday and look at the acceleration we got even in the volume they're coming into the close right final five minutes the market plows higher to 44 63 in the s&p's you jump over to the dow we look where we are a little bit of a different action in the dow right there's your closing action on the dow didn't quite even make it back up let me zoom back out didn't quite make it we'll zoom in on friday's action back to the open that we had on the dow nasdaq 100 though jump over there there's your friday action just missed the high that we had early in the day we're just off those levels and the russell has been the laggard as we talked about okay jumping around to some of the companies are moving this morning we're going to jump to chipotle so chipotle gets a lowering of their rating from raymond james important to go about the context though outperform from strong buy entirely based on the fact of valuation after the stocks risen 37 percent recently you pulled up cmg chipotle mexican grill excuse me you are gonna it looks like it might be a little bit lower this morning we have a bit ask of 1856 by 1880 remarkable price action on this equity we'll put it on a three-year weekly and as you see i mean this thing was just trading at 1320 in june it's just august folks and we're trading at almost 1900 let alone you were at almost 400 on the lows last year you came into 2020 just above 800 on chipotle they are doing a lot of things right though i uh anecdotally i ordered some mose which is definitely competitive to chipotle this weekend not a great experience it was mose would decide to pick up took forever uh just wasn't a great experience and i said to myself you know it was saturday night i think i think it was saturday night this is gonna be busy right and they just had too much action they weren't servicing it well you couldn't get the food as compared to chipotle's they're building those chipotle lanes and i have no chipotle folks i have no shares of it i should have some 1800 um but you just see the differential and the separation with some of those companies and how it matters when you have choices like that and you go through a bad experience especially when the company is just not set up to handle demand spurs that they have like a saturday night dinner demand you got a bunch of people order and pick up you can't service those people there are cars they're waiting they don't have enough spots for curbside pickup right they don't even have enough spots you compare that to chipotle which is building a lot of their restaurants with lanes specifically just for pickup for online orders you can't even order in the lane you have to order online and pick it up uh anyway it's just uh you see the separation um the other side of that that is chipotle and i don't know how this factors works so i order food on uber eats most of the time when i do i do have door dash as well chipotle gets away with charging like nine dollars for delivery somehow around me now i'm in uh towards the center of florida more so than the coast maybe it's just a sparse uh scarcity thing of drivers but the other restaurants ain't doing that somehow they've created a premium for chipotle nine dollars to deliver it which is part of the reason why we went to most and just decided to pick up said that's a little bit of an ornament but you know what wasn't the best experience something to keep in mind because they get a lowering of their rating but only because the stock has just gone so high so quickly chipotle you know investing in the future right now for online ordering folks our tendencies have shifted dramatically now it's part of the reason why i do own uber uh now uber has been struggling we're going to get a positive open today to about 41 uh no it's down another 40 cents with the market okay i thought that said 4282 you take a look at this thing now we are back let's put it through a three-year weekly to see the full run we've had you'd break to a low of 1371 on covid you drive up to 6405 things really accelerate in november the news of the vaccines you've pulled back almost entirely folks to a world where we didn't even know that vaccines were going to be effective in this now yes there are breakthrough cases of the vaccine that you can transmit the virus but folks the people ending up in the hospital's majority of them are people who are unvaccinated i tie that together because does uber deserve to be back at a price and we're not back there yet and hopefully it doesn't but we're approaching levels folks where i may even add to this position because you're telling me that you're going to come back to a level that is going to be before the world had any efficacy data for the vaccines which is a price tag of approaching 36 dollars in october of last year we had uber chopping around basically between about 32 and 37 we're trading at 42 we're going to open under 42 this morning for uber shares and yes they're struggling travel is struggling in a big way business use of that struggling in a big way but during that time they've accelerated their food delivery business dramatically their ride-sharing business has suffered eventually we will get over these you know the resurgent whether it's the third wave whether it's the fourth wave depending where we are in the world because uber does service the whole world which is what part of the reason that's weighing on them right now even though cases in the u.s. are some of the harshest out there especially in florida but something to keep our eye on you know you start approaching those levels that we're talking about prior to the vaccine data that is a level i'm very comfortable with on uber unfortunate we've pulled back i mean you're talking about almost a 33 percent pullback on this equity we're under the 382 so that's some dicey territory we'll see where we go and they are going to struggle worldwide on their ride delivery ride-sharing business in a big way but the world is changing and food delivery is the way to go in the future and that is not going away anytime soon and you're seeing it with chipotle and their price shares which was why we jumped over and let's jump over to door dash too while we're talking about it look at door dash just from 110 back there in may and they weren't even public were they yeah they were not even public back in last november just went public in december 2020 quite a little pop though from 110 to 195 recently still you got that acceleration high back in january of 256 for door dash okay let's jump down the line of other equities are moving this morning uh coinbase so we got the cryptos charging higher you got coinbase higher with the cryptos as well bitcoin now coinbase barely higher you're talking about two dollars higher to 263 we take a look at bitcoin btc bitcoin 47 000 quite the pop we've got let's take this wibonacci number off here now we remove that 47 150 you look from where we were on the high you're right at a 50 percent retracement there on that equity um equity on bitcoin that would be 47 150 within 100 dollars that price point of the 50 percent retracement 47 000 we were just under 30 000 though the week of july 19th you're talking about in 30 days you trade from under 30 000 to 47 000 50 and i think it's ethereum there we go there's ethereum quite the pop as well 32 82 for ethereum the high was 4406 before it fell out of bed but you were just trading at 17 15 back there in the same week from 17 15 i mean that's almost a 100 percent pop you're up 1500 1600 dollars from that low of 1700 on ethereum all the cryptos really accelerating higher but man you look at it right i got weekly bars up here one two three four the fifth week this would be that we're pushing in green bars back to bitcoin btc and you're talking about the same thing let me take that off for some clarity and you're talking about one two three four the fifth straight week that we've been rising uh you know bitcoin can do it but man even if this is a pop anytime you go from 30 000 to 47 anytime you go from 1700 to 3500 3200 what do we trade net 3200 ethereum the pullbacks can be harsh i mean set this up on a daily to see the pop we've had just looking at a natural retracement in bitcoin and you're talking about down to 40 885 and maybe that's where it does pullback that's an area where you pulled back initially at the end of july before you accelerated higher again nonetheless volatility persists in bitcoin the big way all right let's jump around to see what we got going on as we come into the open here we got the s&p on a daily basis we are just creeping higher on that up channel that i keep bringing up well-defined channel to the upside we're pushing 44 50 in the s&p's right now remarkable and you think we got three and a half months left to go in the year right now we're sitting in 44 50 that's a lot of trading left in the year as we come in could there be some tax selling at the end of this year definitely possible tax rates possible they're going to go up folks uh something to consider as this market just plows higher even in the face of many jobs to make up in that economy stay tuned folks we'll be right back from the market open are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex predator in the trading markets and join the tiger's den trading room only at tfnn.com the tiger's den is an exclusive trading room where successful traders from around the world come to 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tesla slightly in the red with the market today but a little bit more you're down 1.6 percent so tesla they're going to be dealing with an investigation a formal probe you have the national highway traffic safety administration announcing in the action monday and a posting on its website so they're investigating i believe it's the auto uh what do they got here yes the autopilot partially automated driving system that's not a mouthful uh saying it had trouble spotting parked emergency vehicles that seems to be a big one to to put it lightly right 11 crashes just since 2018 in which tesla's on autopilot or traffic aware cruise control have hit vehicles with flashing lights flares and illuminated arrow board or cone warning of hazard it covers model yx s and three from 2014 to 2021 years the agency has sent investigative teams to 31 crashes involving partially automated driver assist systems since june of 2016 they can keep a vehicle centered in its lane and a safe distance from vehicles in front of it of those 25 involved autopilot in which 10 deaths were reported my interpretation of this though is that this is not going to be a dramatic impact on tesla the technology marches on and not that it's the cost to do in business because lives never should be but you're looking at a company that is defining technology whether it's battery technology self-driving technology ai and as it gets adapted to greater wide use there is that potential and hopefully those regulators get their hands on it because it doesn't seem like tesla would be the company to self-regulate on this one and this may be the first step of it i don't think it really matters in the valuation though as these are obstacles that will be priced into this equity as it plows forward you're still down 2.1 percent me see no real reaction when you think about the severity of that type of an investigation what it could imply in terms of selling a product with a system that says itself driving that plows you into emergency vehicles i mean understand that fundamentally for a second could you imagine if you or i started a business selling devices that could help your car drive itself and all of a sudden they could spot emergency vehicles and somehow that's just taken as fact that that is what tesla is doing but that is where we are and that is how the market's interpreting it and that is what matters most when you look at um one of those equities still down 2.1 percent but man we're back to just where we were trading on thursday tech stocks catching a little bit of a bid down only one tenth percent right now trading at 15,099 what else we got going on uh let's see what i got up here so let's jump into some of the um some of the earnings we got going on why not so we'll start it off on tuesday so in terms of what we get tuesday the headline number there is going to be walmart now we have some walmart in my newsletter rocket equities and options if you want to check it out folks on the newsletter tab on the front page tfnn.com all the newsletters we have at tfnn come with a 30 day money back guarantee for new subscribers walmart has been on quite a tear recently now we've had it for a bit of my newsletter we had to ride some negative action recently but this thing's just popped from 135 to 150 you're up 15 bucks just since we were trading basically in the last month that's an 11 or 12 pop in a company like walmart that's got a dividend out there to boot as well you're trading at 150 you take a look at the analyze tab they got an expected move about four dollars and 70 cents on their numbers now we'll look at the trades in terms of for the week it's implied volatility of about five dollars and 70 cents so it's pretty cool right that you know if you're in the option market the option market through the type of volatility that they're pricing in to the options are expecting about a four dollar and 70 cent move that it's going to be triggered tonight and then tomorrow for the remainder of the week once we have those numbers once we have that variable taken out of the equation there's still going to be about a dollar give or take in the week and that is correlating to if you want to go out one week further you can pay about a buck 20 extra in terms of what you're paying for implied volatility numbers going out to maybe whether it's august 27th you want to go out to two weeks sometimes folks what's your what's your bias right do you want to give yourself just this week on the earnings do you want to give yourself a couple weeks do you want to go out months etc and you see those types of implied moves so walmart they're out with their numbers pulling up the earnings yes it is tomorrow they'll be out with their numbers four dollars and 70 cents interesting to see what they have to talk about in terms of walmart they have a lot going on of course they got walmart plus they have sam's club my history is they they they got to step up the process folks we do have them they're a tremendous company in terms of we have them my newsletter i own them myself of course but they have to improve their process just as a shopper we uh we did a order at we ordered um a bunch of items at walmart over the weekend and it was going to be a delivery and we thought it was going to be free and all of a sudden there's an eight dollar delivery charge it was over 35 bucks i don't think we have walmart plus in my household it's tough to keep track of all the subscriptions at some point um that you do have nonetheless it was not a great experience i've i've been through sam's which we have which is you know their wholesaler again some of the items not showing up as good as they should have been um they need to improve some of their processes and part of what had hurt walmart when you back it up to maybe a year ago in november part of their earnings and i think it may maybe it was even the february one was talking about they really needed to spend some money to improve their processes when you got to compete with amazon you better be spending money because amazon they get it done folks and i own amazon too they get it done in a big way and that's your competitor you know you got beautiful new boxes showing up and yes i agree boxes if they could use recycle boxes that would be great as well but user experience new chris boxes i've had boxes show up from sam's that look like they've been used for 17 years and they got tape all over them it's okay i guess but things literally almost falling out of the box sometimes it's just the process needed to improve so they there is volatility i'm a bull on that but there is volatility going into that earnings because they're competing with amazon they have to spend a lot of money that money to compete with amazon might hurt the bottom bottom line but we'll see as they trade higher yet again and on negative market day you got walmart giving back some of those gains quickly but you get a pop on the open still up about two tenths percent right now as they have their numbers tomorrow also what we get tomorrow is home depot a little bit of isa versa they're trading lower with the market now you take a look at home depot on a daily basis right you're at 246 back in march you charge to 345 you pull back almost a 50 percent i've had this on my radar as well home depot and those tremendous companies as well quite the resurgence lately as you trade from under 300 as recently as just about two months ago june 18th you push up to almost 340 now home depot you're talking about an eight dollar and 42 cent move you have a 328 dollar stock we take a look at the weekly basis you want to go for the full week as you can see playing with some example trades there uh 11 dollars and 16 cents so not that bad you know you're talking about under a three percent move on this equity priced in three percent would be almost ten dollars on this equity so you got about a two and a half percent move priced into the equity for options it's really what you want to consider folks because if you're this you're the one selling volatility right you're only getting paid for an expected move of eight dollars and 42 cents if you think this has more volatility than that then maybe you're the ones who's going to be paying the implied volatility number uh nonetheless home depot with their numbers uh we also get crispy cream tomorrow breaking down the analysis now we get fed minutes out this week as well jump into wednesday we also not only do we get retailers um but we get some of the chip stocks we get cisco out with their numbers on wednesday i believe checking it out let's see earnings there it is yes cisco's out with their numbers on wednesday you're talking about almost a two dollar move for a fifty six dollar equity we get maybe the one that will be most watched this week potentially navidia out with their numbers talking about a nine dollar move for a two hundred dollar stock they're out wednesday as well we get target we get lows on wednesday we'll take a look at those as well when we come back from retailers stay tuned folks we're right back are you in the market for buying or selling real estate in the bay area including the surrounding st petersburg tampa and clear water markets tiger real estate llc is a firm that has extensive experience in the tampa bay area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property tiger realty has the experience across all areas of real estate in the tampa bay area to help buyers and sellers make the most informed decisions across all price levels from the price you should be paying per square foot in certain up-and-coming areas to the type of cash flow investment properties are capable of creating tiger real estate can help you make the best decision when it comes to all areas of the market before you make one of the biggest decisions of your financial future call tiger real estate llc today at seven two seven three two nine eighty three twenty two or email us at tiger at tfnn.com that seven two seven three two nine eighty three twenty two call us today the technology around us is changing every day with so much happening that 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 david delivers his weekly newsletters every friday with updates throughout the week you can get the technology insider at tfnn.com for only thirty seven dollars and fifty cents sign up for david's newsletter the technology insider and get an inside look at 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side fund services l l c 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 back folks we got markets pulling back a bit we got the s and p's right now down about 19 points you see that acceleration on a 15 minute bar well let's put it on a one minute to see the real action since the open you hang tough for about two minutes since then we've sold off coming down we're about down excuse me down about 20 points dows down about 211 look at that on a minute basis accelerating to under 35 200 just since the open we're down about 120 points on the Dow right now back to a five minute basis terms of other equities we have with earnings going on this week Wednesday as we talked about we got lows and target on Wednesday now we just pulled up Home Depot right there's your let's put a daily on Home Depot to compare so you have that real acceleration March to May we pull back into late June and then we pop higher lows you pull up LOW a little bit of a different story right you see not quite the same second pop that you got in Home Depot the lows we have back in June you're 184 you're pushing 189 right now on lows you did have the run from 150 to 215 you put this thing on a three-year weekly though watch out we were down at $60 which is probably why you haven't seen that second acceleration as it factors in because you take a look at Home Depot not quite the same multiples not quite the same multiples but pretty drastic as I do pull it up talking about 140 at the lows we were down at 250 earlier this year back to a 15 whoops back to a 15 minute for lows to see the type of action we're expecting now they're out with their numbers on Wednesday to see where we're talking about I believe they are before the bell two to be exact let's pull it up on Wednesday and yes progressive yes it is so lows is going to be pre-market on Wednesday with their numbers that's going to be the same with target they'll be pre-market on Wednesday we get TJ max pre-market on Wednesday we got a big week of earnings this week it's a nice week Larry President don't want to talk about he's got a live trading webinar five hours coming up on Thursday but so we get a lot of earnings there's lows jumping over the analyze tab you're talking about an $8 and 65 cent move that's more than a 4% move priced into this equity on their numbers coming out we take a look at target as well target you're talking about almost a 5% move 45% move $258 equity we got an $11 move in target you take a look at target down about 1.1% does it today to start off the day this thing though my goodness I mean you could make the case that it actually accelerated above its channel line recently as a recently as June July 1st excuse me you back it up to a three-year weekly this thing it's just been quite a rocket ship you were down about 100 bucks at the lows of COVID you're pushing 258 all-time highs potentially last week not potentially $267.06 for target so they have as I said about $11 move priced into their equities coming out Wednesday before the bell as well let's take a look at TJ Maxx because they'll be out Wednesday before the bell as well TJ Maxx $2 and 66 cent move taking a look at the earnings yesterday is Wednesday they'll be out as well all right in terms of what we have happening jump into Thursday real quick before we jump over to our man Larry Pezzamento Thursday the numbers we're talking about jumping down the line so we had Home Depot Tuesday lows on Wednesday Cisco excuse my reach here we go Thursday Macy's that's the one I want to get you to finish up so Macy's now this thing so much for that channel line let's delete that one because we ain't in that channel line anymore whoops we want to remove that drawing we're going to remove this one as well move the top line let's put it back to a daily so this equity was just up to 20 you cook all that the upper boundary right going all the way back to basically the beginning of the year now Macy's that could have been a little bit of reddit craziness I believe when you ran from 12 to 22 in the span of four days you get back almost all that in the span of four days as well back to $14 you did run up again I think that's a Wall Street bets run as well be careful of those on the charts not exactly rational chart behavior but you got to keep it on your radar folks because man they could always happen again but Macy's 1868 we're down about 1.2% we'll be coming into their numbers on Thursday you're talking about a dollar 53 the expected move there from Macy's interesting when you look at it that's quite a move but rightfully so as a volatility on that equity has been big and the other equities I want to go over that are out and these are going to be illiquid equities okay folks Victoria's Secret and Bath and Body Works they were the same company they spun off Victoria's Secret now I own these equities I've had for a while going all the way back to pre COVID and I owned them from Victoria's Secret more so than Bath and Body Works Bath and Body Works was the juggernaut of earnings for this company Victoria's Secret was the laggert they were trying to spin it off to get rid of it because it was hurting the value of Bath and Body Works excuse me during the last year though they've cut costs they've closed doors they did spin it off but check out the divergence now this spin off occurred in August and you had this thing start trading at 47 and right away the market says guess what we're valuing the Victoria's Secret component of this company dramatically higher than maybe was foreseen when you made the calculation of the valuation of the two equities within that company you trade from 47 up to 76 we've held near there now you look at the one day expected move for these now illiquid I am not trading these folks I do not plan on trading them I imagine the options in a company like Victoria's Secret okay to do the full wrap up we're talking about a company right now that's only valued at 6.2 billion dollars we take a look at the chart okay on a daily basis we're talking about only 1.8 million shares traded okay very illiquid when you get into an option of an equity that's only trading a million shares of the equity you get into the options okay now they I believe you're talking about yes they only have monthlies to begin with that would make sense and even these are going to be illiquid I mean look at a $70 put or $70 let's see a $70 call you have a $1.60 wide bid ask okay do not trade them but the point is there's a lot of volatility priced into this equity folks you got a $7 move on a $70 stock you got a 10% move priced into this equity but you should because if you're the one selling volatility you just traded from 48 up to 70 bucks you're going to demand some premium if you're going to be the one selling a defined risk trade to somebody for $70 equity that can move $5, 10, $15 in a heartbeat in either direction on their first quarter for numbers coming out today excuse me Wednesday Wednesday Victoria's Secret and we get Bath and Body Works out with their numbers as well now you can see the spin off there there you go from 82 and I believe that was the split off okay that's not a drop in value that's going to be I believe that company spitting off Victoria's Secret but even since then you were up at $66 on August 3rd and you've given back 10% to the equity of that company down to $60 right now and they're going to be coming out with the numbers as well and you're talking about $3.84 move priced into it and you jump over to the earnings tab and there it is they'll be out with their numbers on Wednesday as well all right in terms of what else we have going on jumping back to some of the headlines we have going on back to crypto because it's interesting here number one we have and I have this article up for the first time you have crypto rising to $2 trillion we talked about some of the runs that some of the equities equities some of the cryptos have had $2 trillion for the first time now what's interesting is you wouldn't think that it's at highs when you have bitcoin well off the highs to $65,000 I mean bitcoin was trading above $47,000 for a period from May all the way back to February you're talking about three full months but what you have to consider folks is you have many other coins in Ethereum much closer to the highs that we had a $4,400 but that means that you have other coins that are just dramatically rifling higher to have a market capitalization above $2 trillion which we had never seen prior help push the value of the entire crypto market above $2 trillion Saturday first time since mid-May okay okay shame on me so that's that that doesn't mean the exact thing I wonder what the record is for that entire value well nonetheless we'll pull it up think Ethereum folks that would have been a heck of a buy down here at some of the lows not sure it's going to get back down there but we're going to talk about Ethereum when we get back one more final time don't forget about Larry Pezzavento folks live Thursday 9 a.m. till 2 p.m. for a live trading webinar we're going to talk about that when I get back as well stay tuned 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 in technical market analysis and it's not just dry tedious tech either TFNN airs live financial content streamed live on TFNN.com and TFNN 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 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bit of negative action on the open here we get the s&p's down 25 points we get the dow down 255 nasdaq 100 accelerate and lower as well we're down at 83 points right now in the russell down a solid 1.1 percent at 21 93 we jump to commodities as we wrap up the nine o'clock hour crude continue in the slide we got a 65 dollar handle on crude down $2.64 gold contract on the flip side trading higher gold catching bid up to 1788 right now tom o'brien my dad out with a new gold report as always on monday mornings you can check that out under the newsletter tab on the front page of TFNN.com he's got a new buy in there this morning as well uh notes and bonds continue in the run as well look at this pop i talked about at the beginning of the show we are accelerating higher folks and we're talking about a yield right now as we pull it up remarkable and you look at the swings we are getting in yields 1.22 percent think we're at 1.26 percent 1.227 to be exact but man quite a pop you put it back 10 days to see the run that we've had you're talking about really an acceleration we are back into you're talking about uh almost a week ago thursday remarkable to think about that we're almost where we were a week ago wednesday going all the way back to august 4th just like that when we were all the way at 133.09 last wednesday we're up a point and a half almost in the tenure from that time to 134.17 as i mentioned our man larry pesavento he's going to be doing a live webinar folks coming up on thursday right on the front page of TFNN when you sign up you gain access to his newsletter that starts immediately get signed up for the newsletter that'll be thursday for you subscribers to fibonacci 24.7 out there you do receive a free month of that newsletter so that's already baked in as in your next newsletter payment will be free included 295 dollar cost 97 of that applied to the newsletter when you think about it so it's only about two hundred dollar class books when you talk about five hours live trading nine till two that will be archived you get a month of his newsletter in there as well check it out on the front page of TFNN.com we got a lot of earnings as i talked about this week we got fed minutes going on this week and we get the market starting off with some negative action right now with the s&p slide in 26 points all right folks now it's going to get to ethereum something to consider there um how mining may work from a proof of work to a proof of stake is as they put it nonetheless cryptos on the surge thanks so much for tuning in folks basal chaplains have a good internet problems we're trying to get it figured out right now but beyond that we got live programs all day at TFNN for monday action thanks for tuning in folks have a great monday stay tuned we'll be right back building wealth trading in the stock market