 The following is a presentation of TFNN the morning market kickoff With your host Tommy O'Brien Tommy O'Brien Good Wednesday morning, everybody. I'm Tommy O'Brien committee live from TFNN Wednesday morning 906 a.m. We got about 30 minutes to go until the start of trading you got markets in positive territory to kick things off right now folks You have the S&P's up 19 points trading at 45 90 quite a reversal overnight when you look where we are You're talking about lows overnight of 45 35 quite an acceleration 3 a.m. Eastern time things looking a little bleak We add about 55 points to the upside right now in the S&P's Nasdaq 100 quite a rebound as well. You're talking about 250 points from 15,000 50 you're trading up there at 15,298 right now you get the Dow up 112 points Dow accelerating just near 35,000 We almost got a 34,000 print last night in the Dow. We're trading 35,373 in the Russell catching a bid quite a bid as well You're talking about 37 points from the lows overnight in the Russell crude 8544 we had an 86 handle we're gonna be talking our man Teddy keg stat at 40 past the hour from 4x dash trading dash unlock Dot-com we'll be talking about some 4x markets. I'm sure we'll be talking about crude as well Teddy's been a crude bull for a while crude market tough to argue with that case you take a look at that crude contract My goodness from where we were on December 2nd 62 43 you're talking about trading up $23 since then in the price of crude gold contract catching a bid this morning as well back to a 15 minute chart You have gold catching a bid up to 1824 this morning. You're positive by $11 silver quite a run yesterday Extending those gains silver's up 35 cents to 23 84 and notes and bonds Quite the acceleration overnight you trade down to 120 702 we were approaching 1.9 percent. I believe the yield on the tenure We've pulled back a bit as we've had the market pull back a bit from its move lower the tenure right now trading basically flat from the Closed yesterday of 127 12 we jump over to the volatility index whoops vi x Vix 2249 still a very elevated level for the volatility index for the S&P when you consider that we're coming into the open up about 20 points But man the market a little freaked out premium prices that you're going to pay for defined risk options in the S&P Yeah, you're going to be paying some premium when you have the type of volatility we do across the board right now in these markets All right, it is banks earning season Let's kick it off with bank of america And after some of the other banks have disappointed bank of america looks to trade higher on the open in 21 minutes We got bank of america up about two bucks at 48 36 Bank of america gets a boost from loans as consumers start borrowing again is the headline there average loan balances We're up 1% in the fourth quarter from a year earlier lending has been a key focus there We grew loans by 51 billion and added 100 billion in deposits during the quarter further strengthening our position That's CEO brian morna hit morning hand out there They are positive as they say there average loan and lease balances of 945 billion in the fourth quarter more than the analysts who are looking for 940 In sales and trading revenue 2.9 million for bank of america down 2 from a year earlier Analysts had estimated 3.1 billion the trading boom set off by the market volatility of cova 19 is starting to fade Investment banking fees how about that one investment banking quite an area 26 to 2.4 billion Nonetheless bank of america trading higher on those numbers up to 48 30 star contrast is somehow how the other banks have fared on their earnings JP morgan most notably down 18 dollars from where you closed out thursday's action They have their earnings friday morning 18 dollars. She's talking about a 10 percent haircut in the banks Now i bring it up because I mean the banks now let's before we go through there We also have I believe Morgan stanley they were there numbers this morning as well. Yes, they sure are so morgan's trading higher as well Eeks out stock trading gain fixed income slumps return on tangible common equity now seen it more than 20 wealth management inflows How about basically half a trillion dollars? That is some wealth management inflow man 438 billion dollars for the year at morgan stanley equity equities trading revenue advance 13 percent driven by a one time 225 million dollar gain on investment um Wonder what that one time quarter billion dollar gain was that compared with analyst estimate for a little change So they got a 13 pop probably helped by that one time 225 million dollar profit And uh In its investment bank non-interest expenses only rose nine percent indicating compensation increases for its bankers might be less generous than at rival Goldman sacks So morgan stanley not exactly uh paying up for talent potentially Raise the target for return on tangible common equity saying it now expects the metric to reach more than 20 percent over the long term Lifting it from the previous target of 17 percent. Nonetheless, you got morgan stanley trading higher today You got bank of america trading higher today Uh, we jumped to wells fargo. They had been accelerating higher last week on their numbers They are going to be trading higher today with the banks as well city disappointed last week They're going to get a little bit of a lift now all things consider jp morgan really miss the mark here I mean city you're only going to be down about a buck 50 from where you were thursday when they came into their numbers I mean buck 50 you're talking about maybe two two percent below where you were as opposed to just like i said jp morgan You're down about 10 and i bring it up folks because You know banks are definitely in the human capital business, which is going up. We're seeing that happen We're seeing it happen most notably at jp morgan But we're right at the lower end of this consolidation that we've been in at jp morgan for about a year now You're approaching 150 you're going to open today at 150 255 jp morgan getting a little bit of a lift with the market Uh, if you're not in any banks folks if you're looking to get in any banks if you're looking to get in jp morgan Yeah, there's nothing to say that jp morgan doesn't trade down to 130 or 120 Right, maybe the cost of capital on wall street is just something that's going to eat through the rising yields that they're going to get on their loans But all things considered you're getting in at 150 you're going back to prices that we basically started seeing february 22nd Of 2021 so almost back a full 11 months Uh in an environment where for the first time now we're starting to hear Conversations or discussions or even people entertaining the idea that we might get a 50 basis point hike come march march Wasn't even in play now march is in play now when we might get 50 basis points hikes in march I don't imagine that's coming folks. Uh chairman paul is not in the business of freaking out the market His thesis is that we are still in a transitory period even though he wants to expel that transitory word. Okay, he expects inflation to abate over the course of this year Now transitory has many meanings to many people which is why he specifically said that almost that exact phrase that we should probably um Expire retire that word excuse me in terms of transitory, but He believes right now that the factors in play have caused inflation to last longer than they have And he's been pretty forthcoming with his feelings that those influences do He explained to me and I don't expect him to shock the market. I don't think we're there. We're just That people make very good cases that we are okay, but I don't think chairman paul agrees that we're there just yet Which is the key Nonetheless rates are going up jp morgan down at 151. I mean you're talking about what is that you're down $20 you're down a solid almost 12 percent from the highs that we were at just a couple months ago Let alone getting into the bottom consolidation area Uh to kick things off the where you've been for the last year Not bad when you're looking at an area that growth stocks have been pummeled man Some of the stocks in particular who you're looking for some action and some of these growth stocks We got to be getting to an area that you at least can start a partial position Roku we're back to the highs that we had of 2019 Okay, pulling back from 490 to 166 Sales force we have in my newsletter quite a pullback to 226 These growth stocks we'll talk a little bit more about them zoom is in that bucket as well Stay tuned folks. 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I say yeah, you know what we got a rebound in the market It looks like the market was done trading lower yesterday. I missed the fun last night A little bit scary action if you're a bull there As in you see the market accelerating lower after the day we had yesterday But guess what folks we're going to find out in about 12 minutes when this market opens where supply equals demand All right speaking of pay so jp morgan We've been talking about there's your fall off on their earnings One of the things that it had to do with was the cost of human capital eating into their earnings And it comes out again jp morgan. They're going to raise the salaries for junior bankers a second time I mean all things considered folks if you get an analyst position at jp morgan, you're probably doing something right You've probably put some investments in serious serious investments into your education And they're jacking that up to 110 from 100,000 according to people familiar with the matter Second-year analyst 125 third year 135 salaries in the market unit will also see similar jumps Um, not bad first year 110k. The thing I'll say is that in the environment we're in Being a junior banker at jp morgan chase and company Is obviously an elite position that is very hard to come by And 110,000 is quite a premium salary But all things considered folks with the cost of everything going up with the cost of housing right now with the cost of housing Where jp morgan does business like in new york Yeah, you better believe they had to jack it up. I mean they weren't even making six figures and You know, I know people many people making six figures would be quite a luxury. All right, but when you're talking about the the elite Position somebody is in to achieve that job, you know where they've been in life the investment in their own education that they've made And the value that they represent to that company, which is the key Okay, the value they represent to the company in terms of what they deserve for pay because the value they're bringing to the table I would argue that Somebody who's landing a first-year investment banking analyst position at jp morgan chase Uh, probably deserves value of at least 110,000 with the amount of money that that company brings in on an annual basis Second year 125. So what is that? That's 15k on top of there. Not a bad raise. You're talking about just over 10 percent Raise and then you're getting a 10k. So then it pairs a bit into the third year But point being this is what's happening on the bank numbers here in a big way That's the reason that you straight from 170 to 151 and uh, just since the last few minutes I don't know what just happened, but jp morgan You were up to one No, they still got a bit asked above 152. Okay. I'm not there was just a print. Yeah, there you are You're back to positive prices on jp morgan Yeah, but nonetheless pay going up and not surprising They have the jump comes after news that city is increasing pay for junior investment payers in the u.s After their division posted its best performance on record Based salaries for first-year analysts. Guess how much 110k second year and third year will now receive 125 I mean, what a game, right? You're seeing the inflation play out right here. Okay What happens city group jacks their pay first year 110 second and third 125 JP morgan was only at 100k for the first year, right? They're not going to get passed up by city like that Okay, so what do they do is there's a we're going to we're going to we're going to inch them out a little bit We're going to pay 110 the first year. We're going to pay 125 the second year they want to pay 135 the third year instead of 125 That's how inflation creeps in folks and that's how it keeps in a big way Because if you think about it Prior to covet I believe they were making 90k. They weren't making 100k because the first rise was to 100k The second was the 110. So let's just say they were making 90k You just went up to 110k. That's a $20,000 raise for somebody making $90,000 a year Let alone the jump they're getting in the second year to 125 Okay, so you just went from 90 to 110. That is a 21 22 percent raise in your pay I mean you're seeing it folks and that is a raise in pay that's going to get used by consumers in the market That's going to contribute to rising costs of food Shelter all the likes. I mean in florida right now. We are seeing real estate prices Rising 20 plus percent a year. I mean they're expected to rise another 20 plus 20 25 percent something silly in the next year Well, you can't do that if everybody's making the same amount of money folks And what is happening in florida is we have an inflow of people from big cities making big money That now have the ability to work from home in some capacity Some more than others and you're seeing that play out But pretty startling when you're seeing these banks now the reason I bring it up and I just wanted to harp on it again Because even myself talking about retirement money, etc We have no positions in banks right now in my newsletter and we might initiate one even this week I mean this action jp morgan there's no stronger bank than jp morgan on wall street folks and you're getting in Basically the best price that you can over the last 11 months think about where rates were okay in an environment We're approaching 1.9 in the 10 year. We're having three to four rate hikes coming this year We got three to four maybe the year after that If you're worried about potentially being overloaded on growth stocks nasdaq 100, you know having some exposure to Some nice bank stocks might not be a bad deal if you are Talking about retirement talking about capital preservation, right? You're not going to get some kind of crazy triple beggar on jp morgan. They're not going to finish out the year Um, you know multiples higher, okay But what they are going to do is they're a solid company in a rising rate environment right now That just got a pullback of about 10 percent when we saw yields rise I mean you almost can't state it right we're negative on the year on jp morgan so far And we just had the 10 year rise from 1.5 to 1.9 percent. It's probably going to 2 percent sometime soon So take that for what it's worth But I have my eye on that bank sector because man It seemed like you missed out on the run to start off the year when they all accelerated higher It might be a little bit of a buying opportunity with a pullback Now what I will say is pretty remarkable that wells fargo looks to be the leader right now Wells Fargo starts off last year 48 bucks. You're already up eight dollars. You're already up What 16 17 percent for wells fargo to start off the year when you got company like jp morgan down 10 percent or so You are now above where you were trading coming into covid for wells fargo and you back things up as long as we go You're approaching highs of 60 bucks. Now that's going to be the critical area That was an area of resistance. We hit it back in 2015. We hit it back in 2017 got above that area briefly in 2018 Hit that area again in september of 2018 And then the car carnage really began in december of 2019 quite a fall off But quite a rebound and wells fargo looks to be one of the strongest ones out there of the banks as they beat on Their earnings traded higher on friday to 58 87 and higher today as well at 57 45 All right, these markets giving back some of the games right now. You got the s and p up above 15 points You're still a solid 50 points above where we were last night, man Thank goodness that market saved itself things looking a little bleak overnight Let's jump around to some of the fang stocks as we got the nasdaq 100 giving it up a little bit We're up 60 points right now. Yeah, amazon giving it up a bit. We're still uh, no We're barely flat right now as amazon shares Microsoft the big deal for activision blizzard yesterday. We're trading at 307 interesting action that microsoft Not too much of a give back on price investors kind of happy with that purchase of 70 billion dollars of activision blizzard Atvi is their symbol now. This one's an interesting one as well. They're buying activision blizzard for 95 dollars a share The market not quite sure that's going to get done right now Quite a gap there from 82 to 95 if you think it's going to get done I mean, this is where and I do not advise this trade. I would not make this trade I don't think it's probably a profitable trade Um, because the market is assigning the risk that it assigns to the probability that this deal gets done If it does not get done activision probably trades back to 65 So what's your risk? Your risk is about 17 bucks to the downside Okay, and if it gets done you got about 12 bucks to the upside So you're risking 17 to make 12 you're risking about three dollars to make two Uh, you got to be right 40 of that time to make that trade So that's saying That the market has about a 60 probability that this deal deal gets done for microsoft activision blizzard interesting yet Sony selling off big uh in asia last night as they got a new competitor on the block with microsoft Number three in gaming in the world We'll talk a little bit more about that deal when we get back with microsoft We'll be right back folks Are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with Become an apex predator in the trading markets and join the tiger's den trading room only at tfnn.com The tiger's den is an exclusive trading room where successful traders from around the world come to exchange trades and ideas Join the den and surround yourself with these sharpest minds in the trading world Subscribers to the tiger's den are also the first to have their questions answered live on air And can privately chat with our tfnn hosts live during their shows Interact with other tigers and tigers as they share trading ideas News analysis and discuss the market action all trading day Subscribe to the tiger's den risk free with our 30-day money back guarantee And become part of the tfnn trading community tfnn educating investors You could be making money off the stock market and if you're already making money off the stock market You could be making a lot more Check out tfnn and tiger tv and get expert investing advice to give you the power to control your financial future Go to tfnn.com and find the newsletter for you Whether you're into trading gold metals futures currencies or options You'll get advice and analysis to help you seriously get ahead tfnn also features trading services with a 30-day money back guarantee for new subscribers As well as tfnn's tiger den trading room trading software and educational webinars for all trading levels And make sure you check out tiger tv for free on tfnn.com or tfnn's youtube channel for live Financial content from 8 30 a.m. To 4 p.m. Eastern on market days Stop watching on the sidelines while other people get rich and become the investor you were born to be tfnn educating investors 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 traders 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 guardleys 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. 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We got the s&p's up about 18 points right now Nasdaq 100 up about 80 dow up 130 right now russell up about 13 points You got crude trading at 85 72 We'll be talking to our man teddy keg staff from forex-trading-unlock.com coming up the next segment We got gold up $11 gold catching a bid up to 1824 near the higher range that we had last week going on We jumped to the vixx as we got a positive market to open things up the vixx still elevated though pretty interesting right You're the vixx right near the highs of yesterday right now market not willing to back down the premium that they want Um in this market especially in the s&p, which is what the vixx is predicated off of not willing to back down on the premium With the type of volatility we're getting basically on a daily basis right now one way or the other than negative territory recently So let's jump back to microsoft shares. See how they're opening this morning. They're up about 1.15 percent You're trading higher by $3 and 50 cents. I talked about it yesterday now microsoft They've got 7.5 billion shares outstanding for this company So basically it's about a nine or $10 move is what represents what they paid for Activision Blizzard They're going to become the number three gaming company in the world And they're going to use call of duty along with many other games to Basically push them to the further point of the metaverse now How they spin that out they were talking about whether it's buying games Spending in games right controlling that ecosystem of xbox live a lot of the Activision Blizzard games Were tailored towards xbox live that they could play multiplayer games like call of duty specifically Microsoft did come out and say that they're not going to cut off production for those games for some Playstation games that are available just because they bought it. They still want that revenue They're going to be a gaming company Activision Blizzard You're going to have that company reporting to the head of gaming from microsoft You probably have the cco of Activision Blizzard staying on until the deal is done He will then step out after collecting like 375 million dollar payday not bad But microsoft talking about part of this deal The the turmoil going on and Activision Blizzard Presented them an opportunity and and they didn't miss it man. They got in there and they got it done I mean look at this pullback I wonder when they started the talks because I imagine this slide from 100 down to 60 started making them think I mean you're back to pre-covid levels of February 20th Activision Blizzard now They have all sorts of problems going on With the environment Okay, that is going on at that company, but that's the reason why they got quite a haircut here You're talking about not even getting it at the highs that they traded at at last year 95 dollars a share Basically, they they got the middle of the range that you were trading at in the middle part Excuse me in the beginning of last year near highs But interesting that the market right now is pricing in I mean I just did the math right You're talking about basically only a 60 chance this deal gets done at the price. It's at I wonder how antitrust is going to come into things tech companies overall have been in the sites pretty largely And I am a proponent of regulation for some of these tech companies when they control the data they do But I don't see how this deal is completely monopolistic I really don't in terms of antitrust concerns You know, they're going to be the number three gaming company in the world microsoft's got plenty competition They got plenty of competition coming down the line for virtual reality All for the justice department stepping in when antitrust concerns are present Just on the forefront as a layman that understands things basically Yeah, microsoft's going to become a much bigger company and they're already a pretty big company But guess what? You have companies like playstation You have companies like apple coming out with their own vr headset You have companies like facebook and meta coming out with Ramped up versions of their vr headset probably early next year in addition to oculus quest 2 So yes, you're going to hear the argument that it's going to hurt consumers Okay, and we'll see how those arguments play out And i'll be interested to hear the arguments they make of how it may hurt consumers because bottom line is anytime you have a Combination of companies that maybe are in the same arena Okay, yes, you can make the argument that there might be less competition Okay, because now you got microsoft controlling the games they make for the platform they own etc But guess what folks? There's plenty of big players in that market So there's plenty of competition that microsoft is going to have in the gaming sector as they're the number three player in that sector And like i said when it comes to vr, apple is going to be in the mix in a big way They're not quite a gaming company right now And they may be become one of the biggest gaming companies out there when they push out a vr headset And then how do they do that? Do they buy gaming? Netflix is getting into gaming as well Right, you can see how the arguments may play out that it may be pretty difficult To prove antitrust concerns when you get some of the biggest tech companies in the world They're going to love to get into gaming because gaming is going to be vr vr is going to be metaverse metaverse is going to be the future I mean, it's that simple And that's a nice little segue. Let's see how meta is trading up about seven tenths percent right now You're trading at 320 Facebook just chopping around at that 50 percent mark of where we were in terms of the acceleration Going back to march of 2021 you go from about $250 255 to 384 we're back to about 320 for facebook shares We'll jump over to tesla on a three-year weekly basis Holding up relatively well. We'll put it back on a daily Uh, relatively well over the thousand mark, right? You only traded down below a thousand in the middle of december for one point Since then yeah, you briefly were down below that level on january 10th But all things considered with the way the market's been trading tesla holding up pretty well all things considered My dad sent me an article this morning. Haven't had a chance to read it yet. I read a portion of it talking about kathy wood And yeah, her outperformance is fading quickly Uh with arc when you're betting on the biggest companies in the world and they are struggling to say the least To kick off this year and into last year I mean, you're now at levels, right? Where you're talking about. I mean, it's still quite a game Okay, you're talking about from the beginning of 2019 So the last two years you would have gone from about 50 to 80 dollars. What's that 30 dollars? That's about a 60 profit over the period of two years I think that would probably still be beating the market over that time But quite a far cry from where you were at the end of 2020 when she was a rock star of all rock stars Uh made some transitions to some stocks that did not work out. I mean, we've heard all of them, right? Yeah, Zillow was a big one in her portfolio. Uh, they really got out of Wack in terms of 2020 in terms of 208 They got out of the house fixing business and flipping business. Excuse me Back in november and we're approaching even lower levels from there. What's the low we're talking about 52 57 is the low We're trading at 54 30 so far this morning for Zillow. Uh, she was in zoom. I believe tough If you ever zoom getting over there, she got out of tesla Probably wishes she stayed in tesla last year as tesla went from 7 16 to close up Excuse me close out the year for 1048. I think she got out of most of the tesla position at least Um, but nonetheless when you live and die on these growth companies, man I mean, you know, and I I'm not as familiar with some of her positions in these but it doesn't you know Anywhere you go some of these growth companies roku catching a little bit of a bid today But man you talk about 171 You came into coveted at a price point of 130 I mean the world has changed a lot since then and man, you're barely up in the positive and you want to talk about the poster boy case for uh Runs and demises peloton. I was talking about friends and About peloton the scary thing about peloton, right as you could say, okay, we are back to prices before covet Okay, you were trading at 37 dollars in 2019. There are people in peloton That are down almost 20 on their investment and they purchased those shares in december of 2019 That almost just doesn't seem fair but the market ain't fair man. They uh, did a very poor job of forecasting What was going to happen to demand they ramped up their production They had what four month waits sometimes for the bike during the pandemic They ramped up all the production demand wanes. They have all this extra production. They have rising costs They have decreasing demand. They had a problem with their treadmill They had to recall point being don't just think that you are back to pre pandemic prices on this one And you'll be okay because if the pandemic hadn't begun they'd probably be higher than they are right now Which is a real statement to mismanagement when you think about the opportunity they had Uh, they ramped it up at the wrong time And yeah, you're back at 30 bucks for peloton shares. You're still talking about quite a valuation But back at 30 bucks from 171. Stay tuned folks. We'll be right back with our man teddy cakes that Are you in the market for buying or selling real estate in the bay area? Including the surrounding st. 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We get the dial up 136 points right now. You're looking at the s&p trading higher You're up 28 points right now. That's six tenths percent the nasdaq up seven tenths percent Let's jump over to our man. Teddy keg stat every trading day folks You can reach teddy at forex dash trading dash unlock.com We talk to teddy every wednesday at 40 past the hour. We talk a little forex. We talk a little commodities Teddy keg stat. Good morning. Good morning. We got a lot to talk about today Boy, it seems like every week, man, we got big action happening between wednesday and wednesday when we talk teddy Quite the markets we have across the board. Where do you want to kick things off, man? Um, well, why don't we start with the uh, the oil market? So we have oil that made a little bit higher move high today It's pretty much unchanged on the day. So I think you're going to keep on seeing this You know pressuring on resistance and trying to break out to the upside I believe that that trend is going to stay intact, you know right now with everything It's going on globally Boy, it's it's a pretty remarkable trend, man 85 of 74 I got light sweet crude up here and you're actually above now teddy You know where you were in terms of october highs november highs quite the surges from 62 bucks Put it on, you know a weekly no matter what you put it on man It's like this thing is just going through the roof right now I go back five years were at highs but you got to back it up to that monthly and seems like all But consider next stops a hundred. I mean you're going back into on my chart I have it up on a monthly teddy right now going back to cheese 1999 But that fall off in 2014 where things really went from a hundred and seven bucks Uh a barrel down to 52 as in we're basically in that land now that we haven't seen those prices since we were there And seems like they might run up. I mean on my chart, you know being a technical Trader to some degree seems like next stops a hundred bucks, man As you're through everything that stands in its way right the technicals and the fundamentals are definitely pushing that way It's hard to be a bear, you know, so that's for sure So um, but uh, why don't we we'll talk about how that's going to influence a couple of the currency markets as we bounce around the forex world I think the biggest news though. I don't know if you're aware of it. I just saw the video Boris johnson's speech about the whole removal of all mask mandates is going to be huge It starts tomorrow So the british pound probably is getting a little leg up right now on the against the dollar from that news I mean most people probably haven't heard it yet. Um, I watched the speech It was pretty amazing like and the ovation and parliament parliament and the people screaming when they heard the mask mandate is ending as of tomorrow So I mean you could they still say you could should wear it and blah blah blah But they said there's no more persecution and whatever and the biggest thing you said all kids go to school no masks All people go back to work don't work from home go back to work So that's big they want to jump start their economy They want to throw uk back and they're like hey Amicron's over they're like we got to live with it. We're moving on You know, I mean japan japan did it in december the uk now And remember the uk is not part of the eu anymore. This is you're not getting this narrative from the eu You're getting the complete opposite still, you know, I mean germany is still a hard line You know, italy's very hard line, you know, so um now the question is is this going to keep on It's good. You're seeing it more and more. I mean mexico lifted their mandate on um, covid Requirements so now you can go to and from mexico just like you can travel in the u.s. Now. They don't care. Okay, you know So now this is big for the economies, you know, then this gets back to the currencies So the dollar right now we had a big bounce on friday For a lot of the currencies with the versus the dollar meaning dollar strength like when we talked last week The yen was pretty strong. It got hit hard over the past few sessions after we spoke, you know Yes, yep, you know, you know, I've you know, I've been long for a while, you know, so um, but uh, now it's it's coming back You know and dollar strength. We had a lot of buy signals and sell signals Of various currencies. So when the dollar index on friday set a uh buy signal that also touched off the euro Which was then giving it, you know a sell signal and then we had it in the pound Okay, so now that was coming into into play now I think this news with the uk could put the brakes on this on this move with the uh, British pound So the British pound could become a very raging bull in the long term, you know So in fact, I can give you I'll give you guys a price target on that one gvp usd So right now we have a little bit of a reversal going like I was looking for it to correct down to the 134 51 area 133 83 area But with this news with this new news, this could totally change everything Okay, so today's close if we see the British pound US dollar continue to press through resistance today and settle where it's at Now or a little higher if we could follow through over the next couple of days I think you're going to see a big big big change in the momentum of that currency I mean, I'm right now looking at it as to be bearish right now not bullish, you know But this news I think is going to change everything around So I'd be very cautious if you're a short the British pound US dollar be very mindful of the high from last week because if we get above that Long term, I think that's a big significant tone on what's going to happen with the pound versus a dollar Now this won't be the same for the euro US dollar. I think the euro is going to be a totally different place So where the pound's going to probably be strong We're not going to see it in the euro the swiss I think is really going to stay choppy for the next like week or so on this news too You know now with the US dollar yen Especially with oil riding the highs which also supports the pound I think that the US dollar yen trade probably is going to continue to get a pop because I don't know if you watched a 10 year and a 30 year over the past couple days But especially yesterday they hammered the lows, you know, they're pretty much unchanged today So but this this is a big deal, you know, as far as the currency pricing remember We talked about a couple weeks ago I said that I think that we're going to start to see a lot of divergence in the forex markets Where the dollar index is no even though I think the dollar is overall a bull versus many currencies Not versus like the pound now I think the pound has a potential with because of the narrative that's going on now, you know what I mean So and that's where I think we're looking at a totally we're coming into this fluctuation part part So any of your people that are out there that are trading the forex markets be mindful of the trends Some of them may get disruptive we may start to see a turn where long term I was looking for, you know The pound year at least to be pretty much sideways, you know, maybe not necessarily lower but not a bull Now i'm reversing my whole like thought process on it because between the you know interest rates What do you think would neutralize the oil effect with the pound? But now that they're lifting mandates and that everyone's going to go back to work and they're going to be firing on all cylinders That's a big deal. They're going to open up all the factory. Everything's going back online as of tomorrow, you know Like that's major major news. So there are all the economic numbers are going to change over the next couple of months You know, and you got to remember England the uk is one of the epicenters for forex trading You know, the pound is one of the biggest trade occurrences out there Don't think that these currency traders in the uk as of today are being like, whoa We got to change our whole perspective on the different crosses with the pound versus the end the pound versus the dollar pound versus the euro etc You know, so it is it is pretty cool me You make great points I was just going to jump in and say because I was thinking about this morning I was reading an article about china in general and just their whole Approach to zero covid cases and how that's kind of Come back to bite them With omicron and the spread and how they can't contain it and now they're dealing with problems that they don't have any type of You know immunity their vaccines are not as effective and now they're trying to contain it and they can't and it just made me think of How countries are going to come out of this and like for instance china was so ahead of the curve early on right? They just basically took everyone's freedom locked it down got rid of covid and tried to live without it now Turns out as many people said you can't really do that because we're gonna have to live with it And so that just made me start thinking like you're saying where we're and i'm you know You know we're in florida, man And I don't agree with a lot of what florida did But the cool part is is that it's almost hard for me to understand some of the lockdowns still going on in the country And especially overseas man. We talked about australia stuff like that Absolutely, and yeah, it's time to come out of this man. We're two years into it, right? So it'd be interesting to see what country comes out how and how that bears, man Well, teddy, I appreciate the update as always man. There's a great take we'll watch that pound And uh, we'll talk to you next week as always man. Take care. Thanks a lot. You too, teddy Take care. Thanks so much folks. Check them out every trading day for x dash trading dash unlock.com We'll be right back finish up the show 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 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 Are you looking for a secured investment which pays you on a monthly basis the target first mortgage program Maybe the program for you the best rate on a five-year cd in the country right now According to bank rate.com is paying one percent per year or one thousand dollars per 100 thousand dollars invested The target first mortgage program pays seven percent per year paid monthly on secured high value Buildable properties in st. 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You get the markets rising a bit right now We get the s&p's out 26 points nasdaq up 133 points when you put it on a daily though Still quite a pullback from where we were you're talking about 208 points from where the s&p's were trading at just January 4th just more than Two weeks ago quite the pullback and on uh talking about i've brought up these trend lines many times So if you take a look at the s&p as you can see right from the bottom area we have not got below that trend line Yet and yeah, you know, you're touching on two different areas Maybe on three you pull up the cues A little bit cleaner trend line in terms of where you were at coming off of basically when we started to get the Vaccine efficacy numbers in november of 2020 First pretty decisive break below that level We'll see how they react to getting a little bit of a boost today But again quite a pullback from where we were at 400 on the cues to start off the trading year All right, so we talk about the vaccines we talk about, you know Eliminating mass mandates getting back to real life a lot of parts of living in florida. I enjoy greatly during this pandemic Even though I cannot stand Mr. DeSantis and the way he's handled a lot of things Um, but this one pretty startling folks we can live in a world where we you know open things back up We have reason but this one just blows my mind you get the department of health confirming that The orange county department of health employee At the helm the medical director of orange county basically Put on hold because he encouraged his staff to get vaccinated folks I mean, that's the simplicity of it. It really is and getting into what he said, okay? You can encourage vaccines without having vaccine mandates folks All right, we're going to get to the point in florida that our health officials can't even encourage people to get vaccinated All right, he wrote to his staffers that only out of 568 77 received boosters 2 19 got two shots And on 34 had a single dose I mean folks that's about 58 percent of his staff and his quote was i'm sorry But the absence of reasonable and real reason it is irresponsible not to be vaccinated We've been at this for two years We're the first to give vaccines to the masses and we've done with the 300 thousand and they're not even at 50 Percent in terms of talking about it's a bummer and what what do they do? He gets put on leave to see whether he did anything illegal as a health official Encouraging his employees to get vaccinated folks get out there and get vaccinated. It's safe. It's effective. All right And uh, yeah, we're opening back up. This is just about protecting you protecting those around you Very unfortunate if we're not going to be able to have health officials anymore That believe in the health of their employees and citizens in florida We can open up and do it all reasonably folks. Stay tuned We got our man basil Chapman. He's coming up live folks. We'll be right back