 The following is a presentation of TFNN the morning markets pick off with your host Tommy O'Brien Good morning everybody. I'm Tommy O'Brien comedy alive from TFNN Tuesday morning Just after 9 a.m. Eastern time We pick up the trading day opening bell in about 24 minutes from right now And you got a pretty calm market all things considered S&Ps right now off by about six points trading right now at 43 77 We were as low as about 43 66 in the overnight session. You see the little bit of an acceleration We just gained about 10 almost 15 points in the last two hours or so getting back to almost flat territory Nasdaq 100 We're positive by 13 points right now trading at 15,000 246 Nasdaq on a seven-day winning streak Dow negative by 79 points right now 34,083 you got the Russell off by five at 1740 crude how about under $80 crude trading with a 78 handle within the last hour or so right now We're trading at $79 on the dot off of buck 82 in the price of crude. Well, those gas prices coming down recently meant Making a drive talked about it yesterday showed some pictures of last week in the Great Smoky Mountains Gatlinburg, Tennessee About a 10 and a half hour ride from Florida about 750 miles doing it both ways in an SUV I put some gas miles on there and yeah those gas pipes couldn't gas pumps couldn't help but pay attention in terms of the prices That those pumps looks like it might can keep going that way for at least right now as you got crude under $79 this morning gold off 17 bucks. How about that pullback in gold was that 1995 just yesterday, man It's been a one-way trip with trading right now at 1971 you made it as low as 1962 the spike on Friday on the jobs number up to 2010 we got to talk about notes and bonds, right a Little bit of higher price lower yield coming at you You get the tenure right now at about 4.62 percent the tenure up by 9 ticks at 107 27 You get the 30 or up by 25 ticks and we've been talking a lot about the tenure We spent some time on it on yesterday's program Keep your eye on that channel line Because it comes back to that upper boundary line in the channel line That's where potentially I'd be looking for a bounce if you get a bounce there What's that gonna mean if you get a bounce that's gonna be talking about higher prices and lower yields And maybe that's what the market's waiting for a little bit of Uncertainty would probably be the best word right now in terms of where yields are gonna go I'm sure you may have seen my dad was talking about it right funds funds were at Record shorts at the lows when you got that acceleration man So everybody a little uncertain of what's going on right now the market digesting a bit the gains that we had I mean you back this up on a 10 day 10 minute chart from 105 15 up to 10825 in the span of about six trading days From two weeks ago on Thursday October 26 and this that the low let's go back 20 days Yeah, pretty much. I'm taking the October 20 What day October 26, that's the day we're looking at so we were a little bit lower the prior week of October 19 But you're talking about a move Yeah from two weeks ago Thursday of 105 and change up more than three points. So market digesting that a bit nonetheless look for a possible re-challenge of That upper boundary line and where is that on the chart by? 10705 something like that almost a full point below where we're trading that right now Now you got to get over the dollar index you see some action in gold, right? You see some action in crude Well, you talk about what a difference that we can make let's put it on a 10 day 10 minute chart There's Friday's action you dive down to a low of a 104 handle and just like that the dollar trading higher pretty remarkable How the dollar and even yields almost getting back to where we were on Friday now a far cry from where we were From chairman Powell though. So there's two things on this chart. I wanted to talk about to kick off the program Okay, keeping track of what this market is paying attention to right now. Let's first go to yields Okay, now Yields For chairman Powell's press conference. I'm zooming in on last Wednesday's action There's a 30. There's 10 o'clock There's your 2 o'clock volatility and there's your 230 press conference where you finally get an acceleration higher in the yields That is last Wednesday Okay Friday things really started accelerating on the heels of back this out the jobs number But what I wanted to bring up here is that the market yesterday gave up the entire acceleration on the jobs number But it hasn't given up anything in terms of what we were doing on the Fed day Okay, even if you take where we were at about 2 o'clock 106 23 the market still a full point higher Still a full point higher on the tenure. That's pointing to lower yields, right? Boy here chairman Powell's words when I heard him talking about the risks of hiking outweighing the risks of runaway inflation It seemed like that was something that he was well aware that the market would pay attention to and just put yourself in his position He now believes and if his assumption is true Then it's a reasonable position. We all make assumptions, right? The Fed is making many assumptions in their effort to live by their mandate which is full employment and stable prices For the longest time on their hiking cycle. They had been most worried about Stability and prices because we had full employment man, right? We had the jolt's number at 11 12 Million we had an unemployment number still in the threes. We still have those okay But we had inflation raging and the risk was always not doing enough the chairman's words The risk was not doing enough than inflation would rage his words. They believe that they are now in a very restrictive policy Okay, they believe that five and a quarter to five point five percent is restricting economic growth which in theory Should bring down inflation because you're bringing down growth Doesn't mean it always happens instantaneously doesn't mean it always happens, but there's definitely legs But if that assumption is true and you have to put yourself in chairman Powell's position because he's making that assumption So he believes it's true And if he believes it's true that they are in a restrictive policy rate that is going to over time Even with some lag bring down inflation as it has from the peak then. What's the rush? What's the rush in hiking again? We would have to see some pretty substantial data. I think to have them hike again on the heels of Friday's job number They're always going to be looking at the totality of the data coming in and they are now in the position That they believe that with time on their side as long as things They don't get too out of whack with inflation, which it doesn't seem that it is at least as of the data right now We time on their side they believe they're in a restrictive rate policy and Hiking from this point forward poses more risks to Full employment, which is one of their mandates Then the risks of not hiking poses to runaway inflation The market paid attention to that and I'm looking for a possible retest here Maybe you don't get it. Maybe this thing just breaks away and yields drop lower But we will find out and look to that data But they are going to err on the side if possible of not hiking and maybe that's it, you know and remember that They really can't tell you they're done hiking Until they're well past the point that the market Can price that in because the moment that they The moment the gig is up the moment their hand is revealed to bring in some poker terms out there Well the tightening that they've done actually gets untied right yields will drop that will actually make things Unrestricted so that can't happen, right? They need the market to be unaware if they may hike to keep it just where it is right now in a restrictive rate policy But nonetheless, man, we got yields at about four point six two We'll talk a little bit of Fed speak when we get back We'll talk to our man Kevin Hinks as well Stay tuned folks if you're looking for potential trading setups in the stock market Rocket equities and options report is a newsletter. You should try Tommy O'Brien delivers options and equity trades when the markets present them using a combination of Fundamentals and technicals sign up for rocket equities and options report today with a 30-day money-back guarantee So you have nothing to risk for all the details and to start your subscription today visit the front page of tfnn.com Tfnn 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 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 it 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 Tigris's for just one dollar for the year There's no cash 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 got at the SMP futures negative by just two points right now trading at 43 81 Nasdaq 100 It makes it into the positive by 35 points to talk about some of the action Let's jump over to our man Kevin Hicks every trading day folks 12 noon Eastern time fast market from the Schwab network right here on Tiger TV With your host Kevin Hicks Tom White the outstanding team at the Schwab network. They walk you through hypothetical setups folks They're usually talking about three trades during every program all of them talking about options and all of them talking about defined risk And boy Kevin, where do we kick things off man? I was away last week. We haven't shatten in a while We got the Fed we got the jobs number and we got potential with yields pulling back a bit. Good morning, Kevin Good morning Tommy O'Brien. Here's one place to start a week ago Friday We touched forty one oh three on the SMP 500 and now we find ourselves trading around 43 65 and now we've we've come up through the 200-day moving average now We're we close yesterday through the 50-day moving average Tommy So if you're a bull and the in the SMP 500 looking at these markets You're feeling a little good about yourself right now and now we've got a Nasdaq that Started the morning overnight futures lower and now it's up by about a third of a percent It's starting to drag the other indices higher here So what looked like maybe a down open isn't looking so down right now Tommy Yeah, even as you're talking Nasdaq 100 futures popping up almost by 50 and we might get SMP futures positive by the time I finish the sentence basically flat right now I have the chart of the SMP futures up as you were talking about a Kevin and just Volatility man down and up October 17th. We're above 4400 you said it October 27th Inching towards 4100 and we're just right back to 4400. I want to get your take Kevin You've talked about many times. We've talked to you. I've heard you talk about it on fast market that the market May be able to handle these higher rates right that that we've been used to lower rates for some time It looks like it's handling them pretty well right now considering was still at what 4.62 percent something like that on the 10 year We have the SMP at 4400 a lot of talk, of course with chairman Powell last week I wanted to get your take on when you look at chairman Powell you look at the Fed Nobody has the crystal ball of course, but he had some some rhetoric that you know They are at least looking to the fact that the the risks of hiking and what that could do to the economy might begin To outweigh the risks of runaway inflation at this point Are you looking at yields potentially to pull back Kevin? Or is this something when you're looking at equities that you're looking at them regardless of where yields are because you've you've kind of Set at least when you talk about it that equities may be okay regardless of where yields are Or do you think that you're looking for maybe a yield pullback for the the market to head higher? I guess the question is do you think the market can head higher if we stay at these yields? Or is it kind of pricing in a little bit of a pullback on the heels of chairman Powell? Every time it is an old set about winters in Chicago that if it goes to 10-0 for a week Three things well summer right it seemed really warm now We're just really I've the last seven years, but they're not his Realed and the market rallying Tommy and the E-mini's go positive as we're speaking Right now so yeah, I think you know the fact that Yields have come down to 4.6 crude oil below $79 raise your hand if you had that on your prognostication for the market with two wars going on in the world and and crude oil can't hold $80 and Saudi Aramco's Earnings significantly lower than a year ago on how what they said lower prices and lower volume sold so yeah So everything seems cheaper than it was why because it was higher and now all of them are have come down lower So yeah, I think absolutely this market can Find comfort or be very comfortable with rates around 4.6 percent Tommy And it is pretty cool You finally get that pullback because you've talked about it as well market may be a and I'm not putting words in your mouth Kevin, but something to the great degree. I think you know It might be okay with with rising yields, but boy the pace that we got that acceleration up to five percent So maybe a little bit of easing as we pull back to four point four point six something like that market Resiliently strong man at forty four hundred. What did you think of the Apple earnings Kevin last week? I didn't get a chance to chat with you pretty remarkable that it shakes it all off And we're now above where we were coming into those earnings after a spike lower Apple this morning trading at about 179 A couple things in that earnings call that you could find some comfort in which was Apple is projecting fourth quarter earnings to be flat first to a year ago right but There was 14 weeks in the fourth quarter a year ago and only 13 weeks this year and That week count accounts for about seven percent of what it was So I think that you know if you look into the numbers in Apple and look at the guidance going forward it wasn't as bad as we originally thought so because Flat numbers with one less week is pretty solid if you ask me so I think yeah people saw apples weakness and Their overall cash position and thought boy. This is still a very healthy company Tommy And the chart agrees man off of the highs of course of 198 But you back things up in terms of where the market peaked out coming into 2022 you're basically right back at those prices before you had that whole market pullback with the Fed hiking cycle with that in mind Kevin we still got some companies coming out with their earnings this week Do you guys have some equities that you're talking about on a fast market coming up at 12 today? Three really good names today all coming out with the earnings Tommy and the first segment will look at Roblox the Get the game here where you're allowed to make your own games basically Like fully will do presentation on Rivian and all things EVs Rivian coming out with earnings and then in the final segment will do oxy petroleum coming out with earnings And so what does oxy petroleum do with Saudi Aramco's miss and the overall oil market now below $80 So yeah, we got some good topics to talk about today Tommy Boy and I had my charts on a three-year weekly Kevin as I was jumping through some of those equities and boy Roblox You take a look and I tell you we play the kids in my household Kevin. They like Roblox They like Minecraft. I think it is Minecraft I think it's a private company Roblox not the case man public well off the highs of 141 We're trading at 33 85 Kevin. I appreciate the time as always on a busy morning We look forward to the program fast market at 12 today and we'll talk to you tomorrow, man Thanks, we have me on Tommy. Have a great day you too folks. Check it out. You heard it talking three great stocks, man And yeah Roblox, uh, so Roblox and Minecraft man. It's amazing. I was talking to the kids just yesterday saying do I'm gonna date myself here. Do you remember sim city folks now? It's called sims. They still got the game out um Is it known by microsoft? Okay, even better, uh Sim city do you guys remember that sim city? I'm trying to remember I was probably 1415 16 pretty cool My dad was in he was a travel agent at the time. So he has travel agency. Maybe that's 12. Yeah, I had to be 12 Yeah, I was like 12 or 13 and We had we had basically a land network because he had his office out of the garage He had multiple computers with employees there And it was the early stages where because he had an office in the home We actually had a land network with multiple computers set up And that was the first time that you could play games against each other almost online Remotely by sitting at different computers. I mean we do that now on our phone anytime we want But I remember playing those games and and realizing, you know, it's pretty amazing how that technology flies But sim city almost like you're building as a kid, right? Either way different games now roblox. All right, folks S&P's basically flat. We're coming back for the open. Stay tuned Currencies commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe Which is why it's a great time to try out teddy keg stats tiger 4x report Teddy keg stat breaks down the 4x markets every monday using his 30 plus years of experience as a trading veteran of futures 4x stocks and options Teddy releases his weekly tiger 4x report every monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound dollar dollar swiss Dollar yen as well as many more and he also has weekly coverage of the crude oil market And the 30 year t bonds as they both influence 4x markets tremendously when you sign up for the tiger 4x report You also gain instant access to teddy 60 minute webinar archive. 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Introducing tom obryan's award-winning newsletter market insights your key to successful active trading tom obryan renowned for his expertise in the Financial markets has designed market insights to be your daily guide to profitable trades tom publishes his daily market insights newsletter every market day before the market open along with updates when warranted Stay ahead of the game with tom's real-time analysis and trade recommendations delivered straight to your inbox Whether you're a season trader or just starting out market insights provides the edge you need to navigate the markets with confidence Ready to join the ranks of successful traders head over to tfnn.com and subscribe to market insights today Don't miss out on this opportunity to supercharge your trading results Market insights comes with a 30 day money back guarantee for all new subscribers So you have nothing to risk don't miss out on this opportunity to revolutionize your trading game head over to tfnn dot com right now to join the thousands of traders who have already experienced the power of tom obryan's award-winning newsletter market insights firsthand tfnn educating investors 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 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 Welcome back folks apologies there had a little bit of a sneeze in the break We got the s and p's open up basically negative by one point right now We'll call it flat 43 84 nasdaq 100 positive by 52 points check out the s and p in a weekly basis right now first of all How about that area confidence man, you know quite a bounce we got it We were talking about it back at almost 4400 when you got an acceleration that area of confidence Okay is The 618 We'll do it up right now Let's put it on your charts folks because maybe it's an area we come back to or maybe that was the test It's the 618 of the one-way trip from march the trend from march up to the highs of july And that coincides with the spike low of 3502 Up to those same highs of 4600 and change bringing it to the 382 You combine the 382 and the 618 that gives you that area of confidence Which is about 4140 to 4200 well What'd you get to 4122 within 18 points of the lower boundary line of that confidence area? You've now spiked to 4380 Excuse me. I bring it up though because on a tally basis now. That's why Excuse me. I wanted to put it on a weekly basis Gotta get all these drawings. They get too confusing Here let me put that on a weekly see if we open things up. Nope still too much action What I wanted to highlight so there's the area of confidence that correlates Is man, what a weekly acceleration we have that's quite a weekly bar The thing to remember though Is if you just go back to the the accelerations we've had even in pullbacks folks you boy You get some steep accelerations and what I'm in terms of look at some of the weekly bars march of 2022 sticks out the most Now that was a time like none other because that was when the fed began their hiking cycle Right, you traded lower from 4800 down to 4200 the head began the fed began their hiking cycle You got a relief rally before the market really fell out a bit Just be aware that even on strong weeks like that Okay, and listen i'm talking about that. Maybe we get the reversal of yields Okay, we're at 107 30 I don't even know if we're going to get the pullback man because we're seeing higher prices right now You got to make it to that bar to get a test of that that line And this is kind of tying in if you were listening to the program yesterday I spent part of the program talking about the mentality of when risking money and Potentially shifting how you think about things and the way I like to look at it in one aspect Is you look at something and say am I am I losing money by not making that trade because that's the way you should look at it Is it a scenario where in the long run? I think i'm missing out on profits By not putting money at risk right now versus saying to yourself. Do I have a shot at profit To put some money at risk because you always have a chance of profits. Okay, that's the deal It's just what's the probability in the long term The point being is could you go long? Fixed income right here. Of course you could okay, of course you could But I would like to wait for a retest to that channel line. Okay. I'd like to wait on a pullback From when we were at 105 27 up to 108 25 almost a three-point acceleration I'd like to see a little bit of a pullback now where things get interesting is Let's put things on an hourly Okay, and let's just go from the acceleration we had Which was basically last week. Okay. There's wednesdays fed day There's friday's jobs number as I mentioned you gave the whole jobs number up. Okay But backing things out just on a Fibonacci basis. Let's see what type of a pullback we correlate to Now here's what's cool This trend line is going down to the right If it takes long enough Maybe we'll get a pullback to about the 107 price point, which would also be a 618 pullback Of the move higher now in my opinion, that's a much nicer setup than just buying them right here You could have bought them right here too. Where do you buy them? Well, that's what I'm talking about when you say, you know what? It's hitting the line. It's a possible test. It's back to a 618. That's a scenario that in the long run I really like maybe I'm missing out on some profits by not putting a little money at risk set my stop underneath it Okay, because guess what folks the data is going to determine everything And yes, there's a very real chance that the data determines that inflation is not under control And the Fed needs to hike even further to make sure we get things under control however Combining what the chairman said combining where yields are combining that we basically hit 5% on the 10 year We've now pulled back to almost 4.6 Okay I am looking for an ideal setup for potentially that 10 year coming back To test the channel line brings you back to a 618 of the trend we had from last week And then possibly what do we get and then maybe there's the buy a note to our man bud ross love bud ross Miss him tremendously. He was the channel master tfnn folks And boy so often right you break out of the channel. That's not the buy. What's the buy the buy is the retest Well, let's see if we get a retest right on a daily you got no test at all That was a solid break out of that channel now. We've pulled back a bit Uh, the interesting thing though is when you do put it on a 10 minute chart This is a daily going back though. So I I like to keep it on the daily here You did break out barely But this channel is so well defined for a period of What six months now That on a daily basis I would like to see that get retest and you've seen we've broken out of it broken out of it before And what happened you came down to the test? Nope and blew right through that line And that was went trading from 110 31 almost 111 To 105 Always put your stops in place folks if you go back to where we were on september 1st And I told you that the yield on the 10 year was going to rise to above 5 percent Within two months. What would you have told me? What kind of money would you have put in place? Yeah, it would have meant a rich one to put it lately. What do we got here? Making sure I don't Okay Okay Where are we jumping to next? Well, let's jump to mr. Kashkari. So he was out there on Bloomberg this morning And this is kind of where And we talked about poker yesterday and they were talking about game theory gto game theory optimal play. Okay The game theory of being a fed official Is to be As hawkish as possible in this scenario because you don't need to hike if the market thinks you're gonna hike That's the best part of it, right? And So it makes sense that there should be some strong rhetoric Which can make sure that the market doesn't ease conditions That actually undo some of the tightening in place. So that makes sense. So so remember that in terms of The messaging versus what actually is going to happen If inflation rolls over and we really get weakness in the economy We've got to get inflation down. That's the number one thing Well, here's what I found myself thinking as I was listening to this this morning and reading through it Chairman Powell said that the risks now outweigh Are greater in hiking than the risks in not hiking He doesn't think it's the number one thing, right? These are the just the way I'm thinking about it Now that is uh, austin ghoulsby. Excuse me saying this is we have two fed officials We're going to get to kashgari. That was ghoulsby. I'm absolutely hammering. That's what we should be watching Of course, that's what we should be watching, right? But we should also be watching a weak economy We should be watching some weak job gains in the market last for the month of October 150,000 jobs added but you had revisions of 100,000 plus. So that all ties in Kashgari Ultimately the economy will tell us how much is needed to get there. That's an obvious statement uh They need to bring down bring prices down in api's We get back folks. Stay tuned. We'll be back in three minutes Tires every tuesday and thursday tim or joins the tom o brian show to share his unique insight that he's developed over decades of trading Now on tuesday november 7th from 4 p.m. To 5 30 p.m. Eastern time tim ord will be hosting his own live webinar Tim's analysis has been outperforming market returns but almost double and his gold analysis is on track to be a winner as well Tim will be delving into six secret ratios that every trader should know In this webinar, tim will be covering the daily tlt vix the daily and weekly spy vix the american association of individual Investors bull bear ratios and the trend panic levels Tim will break down each ratio how it is calculated its importance and how it can help you make bigger returns It's as simple as this learn the ratios trade by them and see your returns That's it. Is it the front page of tfnn.com today to sign up now tfnn educating investors You might think that if you want to be successful at trading in the stock market You're going to need a crystal ball after all it's impossible to predict the future, right? Like any endeavor in life before you decide it's impossible get some advice from the experts You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices Selective stocks and commodities subscribe to the opening call newsletter at tfnn.com The opening call newsletter is written by basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and stock prices Get the opening call newsletter by basal chapman and your inbox every day First time subscribers also get a 30-day money back guarantee If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Will the s&p 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl sp u u or sp x s directions daily s&p 500 bull and bear Leveraged etfs direction leveraged etfs an investor should carefully consider a fund's investment objective risks charges and expenses before investing A funds prospectus and summary prospectus contain this and other information about direction shares to obtain a funds prospectus and summary prospectus Call 866-476-7523 or visit direction investments.com A funds 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 This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz Welcome back folks We got a little bit of weakness to kick off the trading session with the s&p is off by nine points right now NASDAQ 100 hanging on to gains by 20 dow off by 50 points right now. We'll call it in the russell Russell volatility man russell off a full percent off 17 points. We check in on crude It's continuing to drop. How about a 78 handle in the price of crude gold contract 1969 we were down to 1962 some volatility on gold if you haven't checked out the gold report folks My dad's weekly newsletter. Check that out. But today Our man tim ord. He's got a webinar coming up tonight from four till 5 30 p.m. Eastern time folks The six secret ratios every trader should know with tim ord 4 p.m. till 5 30 p.m. Eastern time today The ratios he's going to be talking about here the tlt vix The spy vix both of those on a daily the weekly spx vix the daily vvix vix The american association of individual investors bull bear ratio and then your trend panic levels It's 90 minutes. He's going to break down each each ratio Show you how he calculates it show you how to understand it most importantly show you how to trade off it Uh Tim's had some great calls. He's on the program with my dad every Tuesday and thursday I believe he's going to be on the program with him this afternoon prior to the 4 p.m. Eastern time start We get some great sign ups for the webinar. So we should have a good crowd in there as well It's 149 dollars for the 90 minute live webinar with tim talking the six secret ratios every trader should know And that's today at four o'clock. Don't miss it. I plan on being in there. Uh, and it will be archived This is the type of webinar that you're going to want to go over at least More than once at least a couple times, right when you're looking at six different ratios Understanding what they mean It'll always be available on your members page folks Okay, you can watch as many times as you want you buy something like this. It's not recurring. You're not signing up for anything else It's 149 bucks. You get 90 minutes live in there He'll answer questions He'll go over the six of them And that's tonight at four o'clock and don't wait till the last second Okay, because we have to tag you in the tiger's den room just to give you access to the room If you're not in the den, we just have to get you in there That takes only about five minutes or so But don't wait till the end of the day sign up Get your spot reserved and get in there at four o'clock today with tim ward Six secret ratios. I'm looking forward to that one All right, s and p's off by seven right now. We go contract off by 19 We check in on the dollar index right now dollar index trading higher at 105 70 Let's check in on some of the companies with their numbers uber Yeah, kevin had a great trade. I think it was an iron condor yesterday on fast market on uber And what do you want when you're placing an iron condor? You basically want no price movement Because you're absorbing the premium in terms of where this stock can go And you always like to see it moving 60 pennies when you're putting an iron condor on there So they had a great trade. We'll see how that goes throughout the day But uber out with their numbers And uh, let's see. I had that article pulled up. Where are we? Here we are Yeah, so a little bit of a mixed story third quarter results that missed expectations. Okay But revenue for the quarter up 11 percent year of a year 9.3 billion dollars that talk the ceo of course talking about The third quarter was very strong. I think he's on bloomberg this afternoon at 12 or 12 30 So look for some potential volatility on uber as their ceo Gets out there at 12 12 30 with a little bit of a pr spin I'm sure that might not be the only place he's out But that's where he'll be at least at noon eastern time I think on bloomberg at 12 30 potentially earnings They missed by two pennies 10 versus 12 cents. They miss on revenue as well But the market doesn't seem too worried with the reaction Net income of 221 million compared with a net loss of 1.2 billion The company is transitioning to profitability, which the market has liked. I mean check out this acceleration. It's at Look at this right from 19 bucks A little more than a year ago From what 22 bucks last october to beginning of the year at 24 That's a double bagger trained at 48 right now quite the acceleration last week But yeah, that's what happens when a company goes from losing money to making money The very strong third quarter accelerations in the company's gross bookings trips and monthly active platform consumers The platform is seeing the continued benefits of consumer shifting spending from retail to services These results demonstrate that uber continues to drive profitable growth at scale and why we believe we're well positioned for the journey ahead EBITDA of 1.09 billion 576 million year over year Gross bookings up 31 percent year over year and delivery up 18 percent mobility Okay, so mobility gross bookings up 31 percent to 17.9 You know, I've talked about this many times and the uber business model for driving cars for mobility that segment 5.07 billion in revenue The delivery segment 2.93 billion. Okay, they have a free business that books 1.28 billion How about that? Right? I remember when they were starting all this stuff, man There's a big difference right now in my opinion With luxury purchases when it comes to the gig economy I got food delivered on sunday from kfc. Okay, I don't need a lot of kfc They wanted kfc in the household. It was sunday. We had just gotten back from vacation on saturday I did not plan on Going out we were relaxing, right? So that's okay. You guys want kentucky fried chicken, man I'll order you guys some kentucky fried chicken. Okay, they wanted some mashed potatoes and gravy some chicken mac and cheese for the kids We order it 66 dollars was the total price of a kfc order 66 dollars and i'm telling you Okay, it was a family order But it wasn't anything crazy and i'm talking about kentucky fried chicken When it feels like I should be going to chilies for 66 dollars or something like that, right? What happens food shows up no gravy no gravy and there were like three orders of mashed potatoes Well, that can't happen, right? So I try and contact the driver. No the driver's not picking up He's not picking up. He knows that any customer that calls him back after they drop off a food order That's a problem. So they don't pick it up. So what do I do? I cancel their tip Okay, it wasn't his fault, but he's got to pick up man because 66 bucks I think I tip the guy 20 percent or something like that judge if you want man, okay But that's part of the deal Okay, pick up the phone the order was wrong The whole point we got it was for a bunch of mashed potatoes in the house That's what they wanted with some chicken and some stuff for the kids mac and cheese for the kids It's a long story. Okay, but then what happens? So this is crazy, man What can we do? So I had to place another order and I ordered one order of mashed potatoes And three sides of gravy make sure we had it, right? Okay. Well, the good thing is each of these orders takes about 15 or 20 minutes That's the real deal. So they pick up the second order. They bring it to the house What happens? I bring the bag into the house one of those gravies spilled all over everything Yeah, so everything's covered in gravy. One of my extra gravies is now gone Thankfully, I ordered one map one great one mashed potato that came with its own gravy and I had an extra gravy So we got two big gravies that did the job point being folks It was stupid expensive and I choose my words wisely stupid expensive Uh and a very unfortunate Experience, okay. Now that was Kentucky Fried Chicken's fault But the service and the inability for it to be wrong to be made right when I'm spending 66 bucks to order kfc Okay, that food delivery business is going to be a tough one, man It's going to be a tough one going forward because people's spending is strained And that is a huge luxury that I feel like people are going to get in their car And go pick it up at like a chipotle drive-thru as opposed to paying for uber eats to deliver that food door dash, etc And you know what you look at the chart of door dash and I don't know. I was going to say it's not as strong But man, that's a double bagger from where it started the year as well But keep that one in mind man, you know, you got to take a car to the airport You take an uber Food delivery though every time I order uber eats, man I just feel like i'm getting taken to the cleaners for lack of a better term. All right folks one more segment Don't forget about tim ward's webinar. We got a three minute break head to the front page of tfn You can sign up by the time i'm back four o'clock today. We got one more segment. Don't go away folks The gold report As a precious metal gold is still king It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the london otc market The u.s futures market and the shanghai gold exchange the gold report tom o'brien publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xa u hui gdx the dollar bonds the south african rand as well as 25 different mining equities with specific buy cell recommendations The gold report New subscribers get a 30 day money back guarantee so you have nothing to risk subscribe to tom o'brien's gold report newsletter now at 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 basal chapman creator of the trading methodology known as the chapman wave The chapman wave up down sequence gives you an edge in identifying price turns Finding the peaks and valleys in stock prices get the opening call newsletter by basal chapman and your inbox every day First time subscribers also get a 30 day money back guarantee If you're not satisfied let us know and you'll get a full refund within 30 days of signing up tfnn.com educating investors Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns you can take advantage of sign up for the fibonacci 24 seven newsletter at tfnn.com When you subscribe you'll get a weekly report from veteran day trader larry pesavento on stocks You need to pay attention to and you can trust larry's analysis After all, he's got 45 years experience as a day trader larry will also provide daily charts videos And data on the key markets that he's tracking expect notifications from larry on market movement You need to act on at any time first time subscribers also get a 30 day money back guarantee If you're not satisfied let us know and you'll get a full refund within 30 days of signing up Subscribe to the fibonacci 24 seven newsletter today tfnn.com educating investors 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 Welcome back folks We get the s&p's off by about five points right now nasdaq 100 the only index in the positive up by 42 points Nasdaq as well, but nasdaq and the positive dowah 46 russell off by nine We jump over to disney shares. So disney out with their numbers tomorrow You're looking at about a five percent move priced into their earnings event in either direction You got about a four dollar and 81 cent move in either direction. You're trading at 84 13 right now We jump to disney in terms of what they have fundamentally going on. They got a new movie the marvels boy, it's interesting to see if uh The world the country or the world has been a little bit exhausted with the marvels 33rd film. Can't believe that I've never really gotten into any of these that much. Um But the disney studio turned its cinematic universe into a series of hollywood blockbusters That have made billions of dollars with the marvels viewer may viewers may finally be fatigued now. This is a sequel to Captain marvel which was in 2019 starring brie larson That made more than a billion dollars at the box office, but the marvels Which comes out november 10th? It's the 33rd film in the marvel cinematic universe mcu is as they call it Opening weekend is expected to pull in less than half of the 153 million in ticket sales captain marvel did It cost 200 million to make Uh, that's gonna be a problem, man They acquired marvel in 2009 for four billion dollars. So yeah, they've made the most of that opportunity um But i've talked about this before if you're looking for some big disney films coming down the line folks You can google it yourself in terms of the movies the production schedule late 2025 almost we're almost in 2024 you push it out to 2005 excuse me 2005 2025 2026 That's where you're getting like two star wars movies in one year one star wars movie the next year Two avatar movies around that time haven't seen a star wars movie I think since 2019 and you're gonna get three of them over the course of about two years in that period of time Fram and guess what? I don't think anyone's going to be tired of star wars when you haven't seen a movie in about four years All right folks. Thanks so much for starting your trading day here. Stay tuned basil chapman's up next Don't forget tim or tonight four o'clock the six secret ratios every trader should know check that on the front page of tfnn We got markets pretty calm s&p's off by two stay tuned folks basil's up next. Thanks so much. Have a great tuesday