 The following is a presentation of TFNN the morning market kickoff with your host Tommy O'Brien Now Tommy O'Brien Good Monday morning everybody I'm Tommy O'Brien coming to you live from TFNN Just after 9 a.m. Eastern time as we kick off the trading week and you do it with markets in positive territory folks in the last Six minutes so this market turning a little bit negative not sure what's driving the news it kicks off right at 9 in the morning But we'll start with the S&Ps right now I have things on a one-minute chart just to illustrate the little drop-off that we had starting at 9 o'clock We're positive by 17 points you're up 4 tenths percent look at that acceleration man 9 o'clock in the morning on the dot We got volume coming into the indices trading a little bit lower You got the S&Ps down about 12 to 15 points from where you were trading just seven minutes ago NASDAQ 100 there's a drop-off for you to the tune of about a hundred points in the last five or six minutes Man, not sure what the news is driving if anybody's got it in the den. Please. Let me know Try to stay informed of all the news coming up to the program But something's going on at night in the morning Maybe it's just selling folks because look at the volume coming into this market across the board Dow right now up 155 the Dow had been approaching 33,000 we're just shy that level 32,914 And you got the Russell up by 11 points right now. That's about six tenths percent Bitcoin up 1200 bucks this morning. You're trading at 24 24,000 excuse me 165 crude control Well $89 closed out Friday session this morning. We're opening at 87 73 we're down a buck 28 the price of crude Gold contract catches a bid you're up to above 1800 in the last hour or so. You're just under that level right now We'll go back to a 15 minute to see some of the context right now There was Friday's plunge you're back almost to the highs you had before that acceleration in the gold contract silver right now positive by 43 cents the over actually above Fade to where we are and you John important notes and bonds you get the tenure up 10 ticks at 1 1922 quite the week last week when you think about we had a 122 handle last week You almost got a 118 handle to end the week We're sitting right now at 1 19 22 when we jump over to the volatility index is this market marches towards almost Almost 4200 we got the VIX right now Excuse me slightly elevated the VIX 2174 you take a look at the VIX man on a daily basis, right? It's been a slow decline man since the middle of June when we had the market share the S&P just above 3600 We had the S&P Approaching 4200 right now the VIX backing down from 35 to 21. You see the previous times. We've had back downs in this market Do we get a spike? Do we get another spike? We're coming into CPI quite the blowout jobs number on Friday, man Did you think that would get a jobs number like that with all the Fed speak and the market would actually trade higher? I did not But that's the market would deal with right now folks so many different influences shaping the price action on this Market we get CPI this week. We got earnings still coming out and let's jump in to some of the action this morning We jump over and let's talk a little bit of analysis stock rally at odds with profit outlook So this is Morgan Stanley's Wilson, right? Yes, it is The best part of the stock rally is over Goldman Sachs cutting the 2023 profit margin estimates on input cost pressures I mean 4200 man was sitting with the highs 4800 I see that I feel like the risk reward of this market right now coming into everything that we're coming into with 200 now some context here. Okay. You back things up from the move that we started Awesome, thank you. No video my dad's in there perfect. No video. It's got a warning for us folks And they warn the market. Yeah, something was happening right at 9 o'clock on the dot Let's jump over to the video then if that's what's driving the action NVDA. Oh Yeah, they're down 13 bucks this morning this thing man from 346 I was looking at stock shorting this stock last year the multiples when it was up here We're just bonkers man when this thing ran from 200 to 356 in the span of October To the middle of November right and it was back to that level almost by the end of January and right now We're gonna open at 176 on this equity you jump to a five-minute chart and there's your drop-off So that's what driving the market. Thanks dad. I gotta love it Okay, jump them back Prophets were in efforts to US profit margins contracting from record highs the forward net margin is in red the s&p 500 Okay, is in black those forward net margins might catch up with the industry in terms of where we're trading at there Yeah skeptical of the rebound he's a bear, okay He's calling it a bear market rally inflation as peak will probably fall faster than the market currently expects that still doesn't Bode well for stock markets as it'll reduce operating leverage and weigh on Company earnings we think it's premature to sound the all clear simply because inflation has peaked folks We don't even know inflation has peaked. There's so much analysis out there. Okay. These articles were getting written months ago now Here's what I'll say man. You got Yields way down. You have the cost of energy way down. Okay, you do have science and inflation has peaked Mostly because of some of those but we're still dealing with some serious supply chain issues folks We're still dealing with some human capital problems. They're gonna be persistent the Friday jobs number I mean, are you telling me that we contain inflation as we're adding 500,000 plus jobs a month with unemployment at 3.5% Where's that in the conversation of inflation peaking man? There is a lot of volatility to come Bank of America They expect the S&P 500 trading between 3,800 and 4,200 until the feds next meeting in September I think that's a very reasonable take folks And that's just a little bit of a fundamental take. I mean, these are the warnings they're talking about man The video comes out this morning. Let's see if we can find the action that they're talking about on the video right now Preliminary second quarter guidance below estimate they cited weaker gaming revenue in that update at nine o'clock Let's see if we can pay it. Let's see Let's pull it over and see the numbers. They're actually talking about here because this is going to drive some of the action Oh boy, that's a big one second quarter revenue. They're gonna miss by 15 percent We 6.7 billion versus 8.1 was what they were looking for gaming revenue. My goodness They're gonna miss by a billion dollars. They're gonna miss by 30 plus percent on gaming revenue Data set of revenue, they're gonna miss Overall revenue. I said they're gonna miss by cheese 1.6 billion. They're almost gonna miss by 20% Gross margins are gonna go to 43.7 from 65.1. All right, these are the revisions that bears talk about folks All right, they're not guaranteed to come but these are the revisions that the bears talk about man When they say that, you know, we're really gonna see some of these revisions Whether it's, you know, final quarter of the year whatever it be that is quite a revision when you talk about revenue, man Second quarter revenue 6.7 billion the market may have been looking to upwards of 8.4 billion dollars Who we watch out for that one folks jumping back to the S&P not that bad coming into a Monday morning, man Up 14 points when we got a jobs number. We're actually sitting right where we came into the jobs We're right now What if I told you at 8 15 in the morning on Friday that we're gonna have 500,000 plus jobs added We're gonna have unemployment at 3.5 percent and you're gonna kick off Monday morning with NVIDIA telling you they're gonna take in 15 to 20 percent less revenue coming up Well, I'd say we'll be right where we were coming into that number. No, you probably said it would be lower folks Okay, I don't know how you tame inflation with the market adding 500,000 plus jobs on a monthly basis with unemployment at 3.5 percent and the markets just sticking with it man, but in terms of up Yeah, in terms of accelerations both way, we're gonna play it out folks. Stay tuned We got a lot to talk about Monday morning S&P's up by 15. We'll be right back in three minutes folks Vista Gold owns and operates the largest undeveloped gold project in Australia the mount Todd gold project This to gold just completed their feasibility study resulting in 7 million ounce gold reserve Vista gold has all major permits approved and has retained civc capital market assistance in evaluating alternatives and in completing an accreted Transaction Vista gold trades on the nyse american and tsx under the ticker symbol vgc Vista gold executing a strategy to create shareholder value Everything in the universe is governed by the Fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns. You can take advantage of sign up for the Fibonacci 24 7 newsletter at tfnn.com When you subscribe You'll get a weekly report from veteran day trader Larry Pezzavento on stocks You need to pay attention to and you can trust Larry's analysis after all He's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from Larry on market movement You need to act on at any time first time subscribers also get a 30 day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the Fibonacci 24 7 newsletter today tfnn.com educating investors Steve Rhodes started his trading career as a student almost 20 years ago And the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark Again in 2019 finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn And he shares his vast amount of trading knowledge every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for steve's market newsletter Mastering probability and you'll receive access to seven of steve's educational webinars absolutely free at tfnn All our newsletters come with a 30 day money back guarantee So you have absolutely nothing to worry about visit tfnn.com and try mastering probability 30 days risk-free today tfnn educating investors tfnn has launched the tiger's den hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours The tiger's den available to all tigers and tygruses for just one dollar for the year There's no catch or added costs when you join our community of traders sign up today and become a part of this Educational community of traders. Just visit the front page of tfnn.com Welcome back folks. We get the s&p's right now up 18 points. Nasdaq 100 right now You're up 51 all the markets holding up relatively well, man When you think about where we are in the context of inflation in the context of this economy not slowing down one bit We got a fed meeting next month in september. We got cpi data out this month, man You got navidia talking about declining revenue. Maybe it's just because they're talking about gaming revenue missing out a billion dollars of gaming revenue But boy when navidia misses their revenue by 15 to 20 percent folks You better pay attention. You're talking about billions of dollars, but the market just marches on but guess what? We got an opening bell in 11 minutes. That's where we really find out where supply equals to man Let's go to the s&p right now and then take a little bit of a long-term Outlook on this thing just to show you where we are on some of these fibonacci retracement levels You take it off the first acceleration the most recent I should say from march 28th Okay, you get the s&p sitting at about the 50 percent and take that off for a moment I'm going to put it back to the high we had kicking off the year 4808 the s&p's we dived down to a low of about 36 39 And that 50 line right? There's a lot of action right now at 4200 folks All right, if you're a technical trader and you're looking at the s&p Number one you're coming up against the 50 retracement of the entire move lower. Okay Number two you have some action in terms of where you're coming off Just the recent trend Okay, 42 53 is the 618 Of the trend from march 28th. I'm going to take that off just because it gets a little bit congested You're also coming into an area that we had a high back in may keeping in mind folks You traded down almost 600 s&p points from that recent high in may down to where you got to to early june And you're also coming into an area that was an area of support Back in late february early march that area could turn into an area of resistance. Okay So there's 4200 on the chart. We come to the nasdaq 100 now Nasdaq 100 you're sitting right at the 3a 2 line of the entire move lower from about 16 700 down to below I can't believe the 11 000 right you're talking about a 5700 Point run lower we Bounce to the through that bowels also correlating to the area that we had from the lows Back in march Uh ominous sometimes folks when you're coming into an area that's a minacci retracement zone Now the nasdaq 100 well above the highs we had from may that high 12945 and we made it up to 13 000 what 350 Already is that this that's that's this morning. Yeah 13 350 this morning already in the nasdaq 100 But again just bumping into these lows that we had for the better part of late february and early march All right jumping back to some of the other takes this morning It's all going to be about earnings folks and it's going to be about earnings That have to do with inflation cost measures supply issues human capital a big issue right now tech earnings estimates for 2022 Have shrunk over the past month soaring outlook fuel skepticism about rally from june low To pull it up s and p 500 tech earnings growth. Excuse me for 2022 have fallen So you're talking about only about 11 growth. We came into july at about 13. Excuse me at about 13 percent growth All right big numbers the nasdaq has gained almost 20 percent for From where it was on june 16 20 percent Staggering numbers all right doesn't go all one way The fueled by better than feared results from the big stocks man microsoft google apple amazon You've had treasuries decline. You've had crude prices decline right across the board You've had the fed at least say we're going to wait for the data instead of saying and they could have come out folks and said We're not going to wait for the data. We're going to bring it 75 basis points every single meaning until the data tells us inflation's over They didn't say that they said we've hiked 75. We've done it twice in a row We may consider 75 at the next meeting But we're going to wait for the data and the market just like that hold on a second It's not a pre-determined path. Well, guess what? It's not a pre-determined path folks But if we get some cpi prints that are bonkers coming up Right and we've got a lot of data over the next two months as i was talking about last week You could see the conversation on friday Shifting to hold on a second Is the economy so strong that inflation won't be able to be tamed and we're going to go back to a conversation of 75 Or a full point from a conversation where the market's saying hold on. Maybe we'll just get 50 It's a possibility and I don't think the market is pricing it in as effectively as it should when the s&p's are sitting at 4200 You have navidia one of the biggest chip stocks out there coming out with horrible guidance At 9 a.m on monday morning and the market pretty much just takes in stride I mean, I know navidia doesn't take an enshrine, man But you're talking about every index in the green right now coming off recent highs We're 20 off the lows in the nasdaq and navidia is coming out and They're gonna be Missy percent and the market barely budgets at least for now. We're gonna see where we open. That's the important one Even an average premium is tough to justify with rising rates, right With estimates falling and stocks rising the s&p 500 technology sectors price to projected earnings ratio now sits more than 20 percent above the average for the index I'm not sure that's what you where you want to be with everything going on right now No, I'm not sure that's the case at all. All right. Let's jump around to some others Palantir Not doing so well man this stock talk about a pump and they were talking about it in the fed uh, tiger stand this morning, man Taking a look at this equity It's been a slow or a quick crawl to lower prices And all you look at it man. I think that's since they went public right? Yeah, that's since they went public, man They go public this thing runs up to 45 bucks You chop around for the better part of last year But man, it's been lower prices you make 644 in their last earnings this morning You're gonna open back above uh below $10 you're down about 10 percent on palantir You jump over to their numbers revenue for the quarter increased 26 percent commercial revenue graphit 46 percent But guess what loss per share Compared with earnings, but the company beat revenue. Where are they at? They lost a cent versus earning three revenue pretty much in line Uh, the miss was due to a decline in investments and marketable Securities the strength and momentum we're seeing in our customers Uh, let's see Weak guidance is due to the lumpiness of government work Yeah, there's always a lot of shade going on this company, man They do all sorts of secretive work. So you really can't understand what's going on Uh and and you know investors that thought they were just going to ride the momentum train Not so much man. You got punished hardcore with palantir down this morning again by another 10 percent to under $10 You check out the short term action and there's your drop-off man some tough earnings All right with some of the stocks are moving this morning. We talked about palantir. How about cvs? They might be buying signify health in a plan uh to expand their in-home health services It's all about it folks, uh cvs, right? You got amazon getting in the business with an acquisition last week The journal reports that cvs might be going after signify the paper had reported last week that signify was exploring exploring strategic alternatives Including a sale and you got signify sg fy Obviously on that news spiking either even further There's a pop for you. I mean look at last week. There was the news probably on that acceleration They come out with earnings. You were just trading at 17 bucks last week. You're gonna open at $23 this week putting this thing back 23 bucks not bad man in terms of uh cvs not really getting that big of a deal on this equity I guess you're gonna open at 23 Probably right where you were about a year ago and you jump over to cvs this morning And folks that's what's happening man these big companies they're changing the way that In-home health care whether it's telehealth the whole whole deal Is going to change man and in-home care isn't going to take over when you think about how these big companies can operate Uh, and the amount of capital and money that is available in those industries. Stay tuned folks We'll be right back for the open in a time of booming inflation We are purchasing powers eroded is no better place to protect your harder and money than any gold This the gold flagship asset is the monk hard gold project in the northern territory of australia This is australia's largest undeveloped gold project We are talking a world-class gold project in a tail one mining district This is a large-scale low-cost project with significant existing infrastructure in a politically safe and friendly mining jurisdiction This the gold just completed the mount Todd feasibility study Which resulted in a seven million ounce gold reserve in a 16 year mine life All of this combined with the approvals of all major operational as well as environmental permits This this thing which is mount Todd is an attractive dearest party ready development stage gold project This the gold trades on the new york stock exchange under the symbol vgz TFNN is excited about our new software charting program the art of timing the trade charts In collaboration with tom o'brien and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any trader's methodology Using this first-of-its-kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleaf abc's butterflies and much more The art of timing the trade charts is designed to help you when scouring the markets for stocks Just beginning to form the trading patterns that many investors spend days weeks or even months Searching to find and right now we're offering licenses available at only $79 a month We are so confident that you're going to love this new charting software that will even give you a 30 day Unconditional money back guarantee. Don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today by visiting TFNN.com Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at TFNN You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either TFNN airs live financial content streamed live on TFNN.com and TFNN's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv Has eight different shows with expert hosts to help you make the right moves with your money Watch online at TFNN.com or on TFNN's youtube channel and become the investor. You were born to be TFNN educating investors This segment is brought to you by think or swim For more information just click the think or swim banner on the front page of TFNN.com Welcome back folks. We got markets open and you're looking at an s&p opening up 17 points Now you see that little drop for about nine o'clock with some the video guidance pretty horrible Uh, the video down 7.6 to kick off the trading week right now down 14 dollars NASDAQ barely hanging on to those gains But we're trading lower on the open right now with the NASDAQ up 14 points the NASDAQ 100 that is The Dow up half a percent right now up 163 points and you got the Russell up about eight tenths percent right now Bitcoin up 1,100 bucks at 24,105 bitcoin catching a decent bid Off of the lows at 18,000 man. You look where we are You're talking about a run of almost 30 percent from the lows that we had on june 30th for bitcoin Crude back above 88 bucks. We put it on a 15 minute chart to see the action on crude this morning 88 16 lower prices recently on crude gold contract up about Six bucks at 17 97 folks if you haven't checked out the gold report yet great time to do it My dad's got a new gold report out this morning. He's trade recommendations out there this morning as well You can sign up for the gold report by the visiting the front age of And you just go to the newsletters folks And there it is the gold report 119 bucks for you and uh, my dad's gonna have a special for the gold report We sent it out over email this weekend folks. Okay, check out his program tonight. He'll be talking about it If you didn't get it Shoot me an email tommy at tfnn.com. I'll send it over. You can save 50 percent off the first month of the gold report Still comes with a 30 day money back guarantee folks Check it out the gold report right there on the newsletter new issue out this morning gold rocking man I mean you look at the gold contract, right? You back things on a three-year weekly quite a pot We got four weekly green bars including this one. You had a low of 16 70 A worse just about three weeks ago in that gold contract and uh, you can't hold this market down folks You can't hold it down s and p's right now up 25 points, man. I uh You get it all back like the nvidia revision doesn't even matter and folks nvidia was talking about macro headwinds Okay, they weren't talking about that They fumbled the ball that it was their company specific issue macro headwinds to the tune of 20 revenue guidance miss Okay, a lot of that was in gaming I mean they're supposed to take in three billion in gaming now. They're going to take in two billion I'm not sure who's in charge of their gaming division, but they probably have some tough meetings going on recently uh, nonetheless The market chugs along and once we get to 4200 folks I'd be very careful of 4200 man in this market right now You're looking at a yield in the tenure approaching about 2.8 percent How's my connection doing? No, I'm having some problems. I'm plugged in this morning, man My chopping hopefully not too much. That's a bummer Maybe my producer can let me know choppy, huh? That's a bummer Dropouts. All right, we'll see if we can work on it. I'm plugged in. I'm rocking. We'll see All right Look at this market, man almost just sitting in here. You're just watching it in forward dial up 222 nasdaq 100 up 86 The sp approaching of 30 wild stock folks All right, let's jump to uh Barrack gold. Yeah, they're out with their numbers trained higher better than expected quarterly results helped by higher copper Output copper been on the run man. You jump over to their symbol gotta love their symbol right gold Nothing like it. Barrack catches a bit up about 3% right now You got the gold contract up as well But they come out with their numbers strong numbers barrack up to 1608 this morning Other companies we got going on so Baidu they're gonna operate driverless taxi services in two Chinese cities first such approvals in the country man china AI they're bringing it and Baidu they're gonna be operating driverless taxis in two Chinese cities folks It's coming. It's all coming Probably faster than we think self-driving cars. I mean I almost spin it two ways folks I often joke with my friends you ever send a friend a text and uh autocorrect Completely blows the text right and it's something very simple like maybe you have one simple typo and one word And autocorrect can't figure out the appropriate word to put in that sentence that is probably pretty easy from an AI perspective It's probably very easy from an AI perspective if you you consider What is necessary for not to navigate driving Without a driver and having that last 1% folks that last half percent where cars need to be able to navigate everything It's going to be so difficult And I imagine it's going to be a big problem when we start getting into it and you have computers controlling cars You have accidents that may happen. We see them happen with tesla all the time, man How do we get over that last half percent hurdle because it seems like there's always going to be accidents right now But nonetheless it marches on the first rollouts are going to be in these small cities, right where where computers can actually learn every single nuance of the city Getting to know every nuance of every road across the country or the globe A lot tougher than trying to learn the nuance of every single Road in one small city or one small neighborhood even for some of the Whether it's food delivery vehicles, right robotics, etc All right, let's see what else we got pulled up. Yeah insulin. So this one's a tough one, right? So insulin costs are not going to be capped in the new Act that's been passed by congress All right, democrats had tried to preserve the provision to cap insulin costs at $35 for private insurance But that vote failed 57 43. You actually had seven republican senators voting for that You needed to get 10 out of the 50 to vote for it couldn't get it done To get over the 60 thresholds so that won't be included. This is some of the stuff the baffles baffles me folks So I can understand the cold Argument of it. Okay, and oh man when you look at I was just looking up this morning, right? I was googling it In 1996 when Eli Lilly debuted its human log brand of insulin a fast acting type of insulin a vial cost $21 Do you know what it costs now more than 10 times that number folks? Okay It cost $21 when they brought it to market in 1996 It cost more than $210 now. All right, they attribute some of those to supply chain issues more complicated Researchers said each step added to the chain means another entity is collecting profits leading to higher costs for patients dependent on that insulin Uh, where am I? I want to get one more thing here. Yes The average List price for a unit of insulin. Okay, check this out. That's not the one we're going to get to that story next Okay, the average list price for a unit of insulin in Australia is six dollars and 94 cents in the uk $7.82 in France $11 germany 12 out 12 dollars Canada $14 United States $98 and 70 cents It's a shame folks that somehow We think that like society can't exist and companies can't exist Unless people are basically price gouges for insulin to survive I don't know how that happens. Uh, but nonetheless politics marches on so that won't be included Uh, you're talking about I think it's seven million people. They say yes seven million people of americans require daily insulin And this number was staggering man. How much they spend so check it out now. This is from July of 2022. All right, Yale news, uh Yale researchers, okay 14 of people who use insulin in the united states so seven million people use insulin So you're talking about what 14 talking about 800,000 americans 900,000 americans almost a million americans. Okay Spend at least 40 of their post subsidence income after paying for food and housing on insulin Amazing numbers. We'll talk a little bit more about it when you're back folks. Stay tuned This coming wednesday august 10th basal Chapman will be hosting an all-day live webinar from 9 a.m Till 2 p.m. Eastern time Well, he'll be presenting the technical tools based on the Chapman wave methodology a full in-depth course on his entire trading system Over the five hours of live education basal will discuss studying and practicing entry and exit points Assessing where to add or subtract from positions utilizing simple technical tools for holding positions longer Taking bear charts and adding notations tools and patterns as well as identifying free core formations that repeat in every time frame And much more when you sign up You get a chart booklet emailed to you immediately to start studying and you gain access to his daily newsletter the opening call A $149 value the cost to attend is only $295 and the full five hours will be archived Don't miss this live special event wednesday august 10th with basal Chapman for all the details and to get started today Visit the front page of tfnn.com right now 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 Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only 37 in 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30 day money back guarantee tfnn educating investors Will the s&p 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spxs directions daily s&p 500 bull and bear Leveraged etfs Direction leveraged etfs an investor should carefully consider a fund's investment objective risks charges and expenses before investing A fund's prospectus and summary prospectus contain this and other information about direction shares To obtain funds prospectus and summary prospectus call 866-476-7523 or visit direction investments dot com A fund's prospectus and summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services lc This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz Welcome back folks. We have the s&p Up 32 points right now folks. We're at 41 79 talk about getting it all back man, navidia Mark is not worried about navidia man This market above where we were coming into that navidia guidance man 41 78 seems like we might just touch 4200 man If we're that close to that price level 4179 nasdaq 100 You're up almost a full percent right now. Let's check in on some of the thank stocks right now amazon shares Can't hold amazon down man up more than two percent yet again This thing is on a run. My dad had some great talk about amazon last week Look at this run man that it's had you chop around at about 100 bucks from may To late may to june To june 30th, you were sitting at a price level july 13th of 106 and amazon today 143 87 up 2 2 percent right now pretty remarkable amazon Now back to january 20th now amazon had lagged last year Okay, you put this thing on a three-year weekly right barely positive for 2021 when the s&p was up like 27 percent Something staggering there. Uh, so you are back to late january prices for amazon right now But again, they had lagged after the gang bust your year they had in 20 minute chart We check out the big dog apple this morning Apples up 1.1 percent right now microsoft shares up 8 10th percent right now google shares up 1.7 percent right now Jump over to meta shares right now Up 3.3 percent from meta. Let's see how the travel stocks bowings up about 2 percent right now american airlines up 2.7 Delta up 2.2. You're gonna see higher prices across the board for everything man Uh jumping back to that insulin story real quick So again folks, this can't get happen get done. All right. I know it is a lot of lobbyists but You're talking about 43 of 50 republican senators said I I I don't want government to say That insulin has a cap You know and the number of people you're hitting here and to bring it in the fruition of like The last sentence or paragraph. I should say this article that was written and again This is talking about from last month. It's from Yale. Okay Uh If we as a healthcare system make insulin out of reach for people not only is that ethically wrong But it's also going to cost us more in the long term Economically, we're harming ourselves whether you care about people or not. Okay Because that's the real deal of it. Okay, whether you care about people or not These are people who need insulin to live and I just told you that almost 15 percent of everybody to take an insulin Did you see that number? I finished up with folks. Okay, let's do it again because it's staggering I had to read through it 14 percent of people who use insulin. Okay Spend at least 40 percent of their income After paying for food and housing on insulin That is staggering and it's a shame that that's what we promote as americans. All right. That's a million americans Are paying more than that after you have the prices rising 10 fold over the last 25 years. Okay Now you say, okay What if you don't care about people because you're such a a private business rights? Republican. Okay. What if you don't care about people because the market will take care of people? Well, it's not taking care of people folks It's not even taking care of the money that we're spending because It's going to cost us more in the long term Why because people can't afford insulin. They don't take the insulin and they end up in the hospital Higher admissions. Okay. We're seeing more hospital admissions for high blood pressure sugar emergencies and for complications We're seeing more disability, which we all pay for this disability We could do a three-week program on and and poor outcomes in this very large group of people So it's costing us more money in the long run It's harming americans in the short run and we're allowing medical companies to price gouge the people who need Insulin on a daily basis to the tune of 10 fold price increases and republicans says nope We got to protect those private businesses at all costs because that's who our lineup coffers come election season folks All right, this is about americans. Okay, and it's a shame that something so simple gets put up And there's not this is a single vote folks. They voted for this single vote There was nothing else clouding this vote. They voted up or down on this single issue And 43 out of 50 republican senators said no we want to let those companies price gouge Because that's how they create jobs All right, it's a bummer folks pay attention what's going on This one should be wake up. All right In the long run it costs So if you don't care about people you're still screwing yourselves But somehow that doesn't mesh. All right, it's a bummer man people need to wake up What's going on because that is a bummer all right back to the gold report folks If you're checking out the gold report, all right, I went in I made sure I had it So my dad he put out this weekend. He's got a sale for you folks. All right The the promo code that you want to use is gold 50 You can see if 50% off your first month you can go sign up for it right now He's got new recommendations in there this morning. He puts a new report out every Monday morning So you can check out the newest one today Yeah, I don't know the front page of tia. All right, you can hit subscribe You go in there for the monthly price Okay, where it says promo code you just add gold 50 make sure you hit the add button And there it is you save almost 60 bucks on your first month The best part is folks you end up paying 59 50 and it still comes with a 30 day money back guarantee So if you're not into it, you don't use it. You don't think it's something that will provide value You don't have enough time for whatever the reason you get a 30 day money back guarantee You have nothing to risk best case can scenario you save 50% off your first month in there Uh, and we got gold the reason why he's putting it out folks is we had some action gold for the first time in a while on that gold report and In 48 hours, we got quite a webinar folks If you really want a full trading education our man basal Chapman is going to be in there Wednesday From 9 a.m. Till 2 p.m. Eastern time with his entire Chapman wave methodology now basal has updated this webinar folks Okay, he updated this webinar to include everything that he does on a daily basis and sometimes that's getting updated All right, so this is not going to be the same five-hour webinar that basal's done times in the past He's looked at this methodology. He's fine-tuned that webinar He's got five hours of education The cost is only 295 dollars folks And I say only because I mean it because courses like this 10 years ago used to cost $5,000 to go to okay It's 295 dollars. You get his newsletter, which is $149 value immediately. That's basically half the value of the course Basal's newsletter folks comes with 13 archived webinars 13 of them immediately you gain access to his past webinars Going past the the going back the last couple years you gain access to that and this webinar will be archived as well Five hours watch it as many times you like and grab basal's a great educator folks He's not only a great trader the way he conveys knowledge Okay to his students He keeps up with you. He'll answer any question you want live. He's looking at live charts talking about entries entry Exits he's got the whole list in terms of what he's talking about here folks Please check it out if you haven't attended before great webinar. We got some sign-ups going on already Should be a good group of traders in there on wednesday with our man basal Chapman And what else do we have folks today? We got a new time slot for our man larry pezzavento And for our man steve rhodes larry's going to be back today folks And he's going to be back at 1 p.m. Eastern Time that's his new time slot trade what you see will air Going forward at 1 p.m. Eastern Time our man steve rhodes He's moving on to the 11 a.m. Time slot with the trader's edge So basal's after us at 10 o'clock. We got our man steve rhodes kicking off his 11 a.m. Time slot today Then we got fast market as usual 12 larry pezzavento back in the saddle at 1 p.m. Eastern Time Our man dave white with a power trading hour from two till three and tom o brian My dad wraps things up from three till four and man, we're gonna have quite a market man You know we got the s and p up 33 points. We got the nasdaq 100 up 139 folks Wild markets cross the board stay tuned. We'll be right back to finish up the program TFNN has just launched their new trading room the tiger's den hosted at discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during Market hours and now they are expanding their reach with the tiger's den available to all tigers and tiger's For just one dollar for the year There's no cash or added costs when you join our community of traders in the tiger's den You can look over the shoulders of tom o brian and the other TFNN hosts while they analyze charts during their live tiger tv programs And join an interactive trading community with hundreds of members exchanging ideas Interact with other tigers and tiger's as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the tiger's den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of TFNN.com You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball. After all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible Get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities Subscribe to the opening call newsletter at TFNN.com The opening call newsletter is written by Basil Chapman Creator of the trading methodology known as the Chapman wave The Chapman wave up-down sequence gives you an edge in identifying price turns Finding the peaks and valleys in stock prices get the opening call newsletter by Basil Chapman and your inbox every day First time subscribers also get a 30-day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up TFNN.com Educating investors Everything in the universe is governed by the Fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the Fibonacci 24-7 newsletter at TFNN.com When you subscribe you'll get a weekly report from veteran day trader Larry Pezzavento On stocks you need to pay attention to and you can trust Larry's analysis After all he's got 45 years experience as a day trader Larry will also provide daily charts videos and data on the key markets that he's tracking Expect notifications from Larry on market movement You need to act on at any time First time subscribers also get a 30-day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up Subscribe to the Fibonacci 24-7 newsletter today TFNN.com educating investors 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, and you can't hold a good market down man S&Ps now up 40 points right now trading at 41 86 Folks we're almost 80 points off of the lows we had on friday We're solid 25 points above where we were on friday when we got 500,000 plus jobs and unemployment at 3.5 No matter what Well, I shouldn't say that because i'm going to give you that no matter what As long as is a better way to put it the fed teams inflation A strong economy is the best thing we can ask for man. We want jobs, right? We want job Uh wages to be gained and we want unemployment at low levels The problem is is that we're dealing with rapid inflation So the numbers on friday are good as long as inflation comes down That's not what's happened yet. We're going to get cpi this week So we get to see how that data is reflecting what the fed's been doing Okay, but normally a number like that when the fed is trying to tame inflation Would cause the market a little bit of hysteria with the fact that hold on a second If we don't have inflation sinking the fed's going to say the economy is so strong It can handle higher rates because we're adding 500,000 jobs with unemployment at 3.5 percent It hasn't caught up with the market yet, man It caught up with the market for about 30 minutes on friday morning until it recoiled higher We choppy action on friday and we're starting right out of the gate this morning nasdaq 100 up 1.3 percent We got the big dogs trading higher as i said amazon up 2.2 percent apple right now. What's apple trading up 1.3 percent And i said apple on last wednesday added 100 billion dollars in market cap to that company apple apple Since the june low of 129 folks we're talking about Adding what are we up? We're up what? 40 dollars and you're talking about 16 billion shares Outstanding folks. You're talking about more than 600 billion dollars in market cap added since june for that company At some point there's going to be a pullback folks. We haven't had a pullback to the tune Um of almost two months now. Well apples added 600 billion dollars in market cap. So be careful out there Folks stay tuned. Check out basil's webinar on wednesday. He's coming up next great five hours of live true Education with our man basil and stay tuned steve rhodes at 11 Larry pesavento at one. Have a great monday everybody