 The following is a presentation of TFNN. The TFNN Bull Bear Training Hour. Every training day, live at 10 a.m. Eastern. Call now, toll free at 877-927-6648 or internationally at 727-873-7618. The TFNN Bull Bear Training Hour. Now, Tom Antt, Tommy O'Brien. Welcome folks, appreciate your growl and problem with us out here. We have in our industry up 61 Nasdaqs, up 12. S&Ps are up two and a half. Gold, gold's down $20.90 at $14.90 an ounce there. Slamming gold as well as silver. Silver's down 39 cents. $17.67. Light sweet crude up 63 cents. $57.17 a barrel. Notes and bonds, you get the 10-year down 21.6, $128.29 a 30-year off a point and a half at $157.28. They both are going after their September 13th swing lows. We'll see whether they want to bust those through. And King dollar, King dollar up $126. That was up $367 yesterday, so it's catching a bid $97.924. The year is at $110. The yen is at $109. And the pound is at $128.01 a U.S. dollar. So a little action out here this morning, right? Oh, it doesn't stop, man. Just even at 10 o'clock when I came on the air, right? We got the ISM non-manufacturing, that beating estimate. So you got a little bit of a pop in the market as that happened for sure. Yes. But everything going on for sure. And some of the high-evolve inequities. We've got some big names out here today. Borrowed Chesapeake Energy, they weren't there. They basically filed one of the files of the SEC saying that they think, well, that they are going to have a hard time going in concern in the future. So it's always, it was trading $156 anyway. It's down to $0.20. Yeah. $136. Uber, let's go take a look at Uber. Yeah. They lost a billion dollars, right? They lost. I believe so. So let's take a look. So you got Uber, the low is $28.31. And we hit $28.42 today. Yeah. It's $29. This thing, what was it, $45? Pull up that issue. I'm curious myself. I think it might have been higher. $45, OK. Yeah. Well, I think that's right. That's the one that just printed it, $45. Lyft was the one that... Yeah, traded by her initially, because they were the first IPO of the two. Exactly. The market woke up by the time Uber pushed their shares out. And, you know, let's see. So there's some numbers. They had seen a loss for the year of $3 billion to $3.2. Oh, my God. Yeah. Now they see $2.8 to $2.9. Yeah, big numbers, man. There's no doubt. Gross bookings, third quarter gross bookings, $16.5 billion. That's a big number, right? That's for sure. Uber eats bookings. They had seen $3.89. Now there are $3.66. OK. Ride-sharing bookings. They were estimate $12.51 or $12.55. Yeah. That's a big miss on the Uber eats, man. It is. That's almost, you know, $250 million over 90 days that they missed there. Right. And so I wonder who is coming into them. Yeah. Door-dash, Grubhub. Yeah. I've used Door-dash a few more times. Here's a special case. Yeah, then Uber. Oh, I know. That's right, because I don't have an Uber account. Yeah. Not quite a fair comparison. Oh, my God. We'll just laugh that one away. Yeah, no doubt. Let's go over to our man, Mr. Kevin Hicks, a TD Ameritrade thinker swim. And don't forget, folks, every trading day right here, 11 to 12 Eastern Standard Time, you want to understand options, options strategies, futures, great program, every trading day. Kevin Hicks, what's going on? Hello, Tom O'Brien. Hello, Tommy O'Brien. How's everything going? Morning, Kevin. Great. Great to hear from you, man. And you know... It's good to be heard from. That's a beautiful thing. That's right, man. And needless to say, you know, this market, I mean, you know, they had that ISM number come out this morning. Yeah. You know, where... We just went red. What happened, man? We're going red, but the bottom line was a great number, man. Yeah, it was. I mean, that's a big... That's a good number. Non-manufacturing, beaten estimates, growth, yeah. Right. And I saw much of the discussion for the last month in this economy has been, well, the consumer's healthy, but manufacturing is dropping off, right? Yeah. And people are starting to hesitate on future plans for the economy. Well, you know, I think the GDP number, I think the payroll number that came out last week, both of those said that the U.S. consumer is still there and strong. And something's got to snap back, right? When the U.S. keeps consuming and we stop manufacturing or slow down manufacturing, that's a divergence. Yes. And something has to snap back. So these numbers coming in at nice healthy beats and ISM non-manufacturing, you know, that means that the pipeline is, you know, the... These are... We're in the, I think the middle of a pretty nice, strong relief rally here. You can see it in the bond market. You can see it in the gold market. And I think people are starting to look at this economy in a different light than they did just 30 or 60 days ago. Yeah. I think, you know, like not digging into the numbers big, but every time that, you know, they're saying that, okay, there's some bad numbers coming in. I see it everywhere I look at, like, you know, people have jobs and they're working. Right. And I don't believe that people are over the head in debt. I mean, I just don't see it. Do you know what I'm saying? You know, credit cards are credit cards. The school loan deals is a big deal. But other than that, it's not... This is certainly not like it was in 2005 and six that, you know, people will hawk in their houses to get a boat. I mean, it wasn't not even close to that. Do you know what I mean? Right. And there's so many good things going on with this economy. Number one, the middle class has more money in their pocket via tax cuts, via lower gas prices. Those are all just disposable income in people's pockets. I mean, the red book number this morning, which, you know, that gauges that weekly increase in chain store sales and malls and things like that, up five and a half percent. Yeah. So the U.S. consumer is still out there and going. And now we're going into Christmas holiday season with the potential for a partial trade deal about to be signed. I thought the news on the trade deal this morning tells me when I read between what we're getting into the minutiae of this trade deal and they're about to sign it. Yeah. And we're at the time of the year that you're going to spend money, whether you want to spend money or not. You better have those presents ready. Santa's coming. Let's go. Yeah. Exactly. You know what I mean? So I think, you know, as long as this market is getting to a point now, guys, where good news is good news. And I'm not even sure bad news is bad news. Bad news might be good news, but these bonds are telling us something. Yeah. So pretty two-day, you know, harsh sell-off in the bonds. And although gold didn't participate yesterday, it sure is participating today. What does that mean? When you get lower bonds and higher yields, bank stocks, financials are all higher, utilities in real estate are all lower. Yeah. And, you know, this is what the bonds are doing, folks. They're going after the September 13 swing area. So we'll see how that shakes out. Yeah. We're at $116 and the $10 and we're at $128, $27. Yeah. You know, you brought up something that I think is really, we get so used to it now. Oil. I mean, these oil prices have stayed low for a long period of time for all of us right now, which is really cool. Because everything, I mean, that's something that we do at least once a week. Can't avoid the gas bonds, man. No, you can't. Right. And that is, you know, I think personally my view on lower crude oil prices is that's inflationary because that's more spending money in your pocket each week. Yeah. If you're, you know, the difference between $2.30 a gallon or $2.40 and $3, that's a significant amount of money in your pocket every month. It's every week, like you said. It really is. Yeah. Exactly. No doubt. Folks, right here, 45 minutes from now, outstanding program. Kevin, we look forward to the program. 45 minutes. You have a great one and a safe one. Great talking to you guys. Thanks for having me out. You too, Kevin. Stay right there folks. Tommy and I are coming right back. If you're not currently using the Taz Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The Taz Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. Heated by Steve Dahl, Taz understands that in today's technological world, the use of top flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the Taz Profile Scanner to profit. This webinar archive is available for all subscribers immediately upon signing up. All new subscriptions also come with a 30 day money back guarantee so you have nothing to risk. Start your subscription by visiting the front page of TFNN.com today and you'll find the Taz Profile Scanner under the Services tab. 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You can test drive The Tiger's Den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Details on The Tiger's Den are on the front page of TFNN.com. TFNN has launched our brand new website. You can still visit us at the same TFNN.com URL, but when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com educating investors. Call now toll free at 1-877-927-6648 internationally at 727-873-7618. Up 26 NASDAQ is down two SAPs are also off two. And let's go take a look at some of the there's a couple of these equities that I just really getting toasted out here. Besides Uber. Yeah, one of the biotechs out here. I saw it looks like it was down about 50%. There you go. Myriad number 12. This thing. So what happened here? So it's only 35% man. I say it's pretty intense. Those biotechs man. My goodness. Let's see. This is they develop market molecular diagnostic products provide physicians with information to help guide the care of patients prevent diseases. Yeah. Bottom line is this. Yeah. So they work to detect which diseases folks might develop based on their genes. Oh, genetic testing. Okay. But let's see how that testing is faring right. Let's see what they say. So something's happening. Oh earnings. Boom. Okay. Let's see what they got going on here. It's quite a haircut man. Oh boy. Yeah. Let's see. They got price targets all over the place. So this is going to be their analyst. Let me just jump back here and select the second one. Earnings per share view. Mrs. Low estimate. Here we go. So wow. Fiscal year adjusted. Now they're looking at a buck to buck 10. They had seen a buck 80 to buck 90. Okay. Make sense. For the quarter they came in at 30. That's the second quarter. So looking that's forward guidance 30 to 32. They were looking for 47. Revenue wise. Pretty close to in line. You know they only missed 210 to 212. So it looks like they're just missing and then fiscal year revenue. 8 to 810. They were looking at 865 to 875. And yeah the first quarter they just missed huge in terms of 8 cents. Last year they made 43. The estimate was 33. Let's take a look at this baby. That is one hit man. Oh my goodness. You want some volatility. This is the second gap. Well this could be trouble in paradise. Look at that. Whoa. Okay. So we're looking at folks. Okay. Is that there's a gap. Let's see. That would be August of last year. No this this year. Yeah. So this is what happened there. That's probably the last earnings. Well now I the only reason I'd say is because they they have a almost a gap positive in the early August. So yeah they went somehow they went from 28 to 46. August 1st. That's a daily. August 1st. And then didn't last long. Within two weeks August 14th you open back up and then you're traded down to a low of 22 bucks. Right. Which you're now under. And then well yeah the bottom of the consolidation is 18. There's no reason to can't go to 18. MYGN. Can I jump over. So this is why we'll give our sponsors think or swim a quick plug man because you got to love on their charts. You can see exactly where everything is right. Let's see if that correlates to we'll put it on a daily their earnings. And okay so they must have a promise of good things to come but then guess what the day they dropped was their earnings not the day that they came out. Wow. So yeah that drop was their last earnings pretty remarkable and then somehow without earnings you fade all the way from 22 back up to 35. I know. And then they have to tell you their numbers again and guess what reality sets in. Pretty remarkable. It is. So let's look at this note and bond market. So you know looking at this folks okay the bottom line is that you are coming in for a test and you're coming in for a test with dramatically lighter volume. So it's going to be intriguing to see if in fact the price holds. So you're down 19 ticks which you know they're at a lows right here. You're going into 2.4 million contracts now we're at 1.6 so we can definitely do 2. And this is a big day out here. There's no doubt about it. If we take a look at the 30 USZ 9 it's the exact same type of setup. Give it a give it a second to catch up here. Yeah we might have jammed up that one screen. The market saying hey yeah let's just pull a different one over. Sometimes one of them just get caught. Let's see if this one will cooperate. Go for it. So 30 right now has done 182,000 contracts which is big contract volume but I believe we're going into 400 and something. And was that it was September 13th was that a fed day that that date might stick out in my head. I don't know. Yeah I don't know. It was something. What that was doing there too also is that was still going into the strength going all the way back to August. So the thing held goes top side again. Last time we tested it we tested it dramatically lighter volume. Okay this time you got the heavy volume happening. Gold same setup now it's going to get interesting with gold because 20 bucks is a big deal there's no doubt about that. That being said though your swing point is a lot lower than where we are right now. We're down 22 now at $1489. And this is coming. You got one swing point $1478 and 486,000 contracts. Your swing actually is at $1465. The last low is $1483. That's $353. Well this is going to be it looks to me like it's going to be let's see what's CRC out here. California Resource Corporation. I think they're just talking about the poppets had since that low. I see a few days. So there's you know the IWM so the small caps folks the small caps were looking to reach their high now they haven't reached their high yet. I know a couple of tigers are thinking there's a breakout in there but you're going to see this is a little bit higher. You got a last six months. It's 1618. 39. You know he got over these though got over the last two. Important area for sure right where it's at. There's no doubt man this is if we go to the IWM and we take a look at the IWM what you're going to see is that you know bottom line you got up to 164.6 I think it's 161.11 or something 161.11 yeah of May of 2019. Okay and what's going to get interesting here is this I want to see this hit this because what seems to happen is that you don't get you know the small cap was so much further away from its highs right in fact no that's not even its highs that's because it's still July so that's I was just going to say it's almost like the small caps go to catch up with the rest of the market before you actually get a pullback but that August high is not even its high because it's July and it's a lot higher than that inside the small caps. Can we pull it up just to see if it's curious how much higher as we go into this break because this is what is like that divergence was pretty intense out here. Yeah there we go okay 1742 it's 140 points that's a good solid eight nine percent from where we're at yeah I know if you have to wait for that man where's the S&P gonna be if the Russell gets up there exactly exactly stay right there folks Tommy and I are coming right back our phone numbers eight seven seven nine two seven six six four eight we have it out 21 now it's down three S&P's are free coming right back. Hi folks Tom O'Brien here if you'd like to get my daily newsletter Market Insights then now is a great time to sign up for a 30 day free trial. Every morning by 9 30 I send out my morning letter to subscribers with market commentary on a variety of markets currencies and commodities to keep investors up to date on the day's trading action included in Market Insights are specific buy and sell recommendations for stocks ETFs and even options which stops and price targets included for every trade in my newsletter. If you'd like to try my newsletter risk free for 30 days then head over to the front page of TFNN and you'll find market insights under trading newsletters. I use my years of trading experience to bisect and dissect the market every morning and give my subscribers the most important information they need to know for the day ahead. I even issue afternoon updates for my subscribers whenever warranted with important market action. I'm always scouring the market for the next great trading opportunity. Sign up for your 30 day free trial to my daily newsletter. Market Insights today by visiting the front page of TFNN.com. Go get them folks. The path of least resistance is David White's daily trading newsletter and if you're looking for active trading ideas then now is a perfect time for a 30 day free trial to this powerful daily trading advisory service. 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The art of timing the trade charts is designed to help you when scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months searching to find and right now we're offering licenses available at only $79 a month we are so confident that you're gonna love this new charting software that will even give you a 30 day unconditional money back guarantee don't miss out on this incredible new piece of software get your copy of the art of timing the trade charts today by visiting TFNN.com this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of TFNN.com welcome back folks uh dow dow is up 24 nazis down four sps are off three and a half let's go to mark and bedford mass what's going on brother now much how are you guys doing going great mark morning tommy so so tom gold sank what what's up with gold is selling it off obviously yeah but usually that means that the that the world has come to peace and uh that everyone's going to go have uh the last supper tonight and uh everyone's going to have a good time at the uh ye'll be for nails yeah uh you know i've i'm not in the in the camp that just because things go south that gold goes up i mean we've talked about this before man when everything went south in 2007 gold went south too you know what i mean so that's that's that's not the correlation the correlation you know does go over to the dollar there's no doubt about that yeah you know the the dollar bottom line is quite a day yeah and it's quite the two days yeah and then well and then let's look at the yen too because that means the yen is going to try to probably go after the 109 again see this yen is looking out yeah there it is okay so the number in the yen is that 109 32 we made 109 20 not 29 last week and you know here's my question i was thinking this morning when i saw what gold did i normally don't play the metals but i was thinking of buying nugget on a bounce okay so let's take a look at it let me just let this computer catch up me for a second i knew gt so you get the nugget then the nugget folks is the direction daily gold mine is three times levered product so you're 2754 okay so you're down two bucks you got six million shares now i'm going to go over to the gdx because they trade this trades off the gdx also so the gdx is the market vector is gold wanting trust yeah i you know i mean as long as you're traded um i'd wait a little bit longer and see if it can it'd be great if the like see right now the gdx there's still no seller 16 million shares they're coming into 82 million so what would be cool mark is that if it could get just get a little bit lower um yeah it doesn't look like it's gone though one second i know so even one of the reasons that i had when i was talking about that you got gold's down 20 dollars it's down 20 dollars but guess what you're not you're still you're not at these major swing points you know so it's really to me it's just a test just like just like the um aspect of the the bonds if i go over to the tenure again like when i look at this tenure i'm still bullish on this tenure bond man um you know fast move no doubt but that's what they like to do you know so the 10 years at 128 29 we got to 128 27 and that's even at 128 27 that'll get you 11 ticks away from the swing low you know we go back to the nugget i think i mean if you're going to basically trade this thing right now wouldn't be a bad place to trade in just put a stop uh you know under the law out here today all right i take about that so you get here let's let's look at the two largest so the the two largest weightings inside there is going to be numont oh oh that's interesting look at that they really smoked numon but okay that's interesting so numon just went from 38 96 to 36 64 yeah and then barric you know barric's under a low but there's not selling into numons to move them can we go into the news on numont and see if there's something because that is volatility even on a day where gold's down 20 dollars yeah exactly so cuts their fiscal year gold production there you go so they're dealing with some woes as well right so here's my 75 thousand dollar question which i asked you a month ago tom are you i know you're bearish on the market and bullish on gold anyone who has written the tunnel buying for last year should know those two rules anyway but are you more bearish on the market or more bullish on gold i'm more bullish bullish on gold okay yeah yeah in a big way in a big way yeah and that has to do it has to do with the aspect that you know we get the dollar at highs the euros at lows the pounds at lows the yen basically is in the middle but my take is that the the euro is going to go higher the pound's going to go higher and then if it's a fundamental deal like this go back to the aspect that how many tons of dirt it takes to get an ounce of gold and i like that positioning you know and the positioning of the central banks the central banks keep buying hand over fist they buy they're buying more than the retailer buying so it's like okay man you know we all keep wondering why they you know even our own fed gets down on rates when we're at all-time highs well you know i don't have an answer to that but i don't think anyone else does either yeah do you know what i mean we'll see if they're right in the next year right yeah because it's like okay you know it's kind of this is kind of an interesting article so look so look at this paul tutta-jones okay which is he's a you know an iconic you know inside the trading business he's saying out here this morning that he's never seen in his trading career um that says though paul tutta-jones the billionaire hedge fund manager said efforts to simulate global economies are both inequities in a way he's never seen before and he's right you know what i mean is it you know there's there's not they used to always be a monitor that you knew that the fed was going to take the punchbowl away at some particular point because the cost of money right but it seems now that you know just like people you know eight years ago worried about a deficit now people don't want you know i don't have to don't worry about a deficit they don't talk about a deficit you know and and the aspect of taking the punchbowl away that's like a heresy saying that you know they're going to stop sure any economy from going forward so interesting part of there so he's with um ray dalio yeah at the Greenwich economic form in connecticut dalio said that another effect of the low rates is that investors are more willing to listen to companies selling ambitions rather than making a profit quote unquote because the world is looking for a yield or something companies also can sell dreams rather than earnings i believe this is dalio saying so the number of companies that produce earnings is the lowest since the dot-com bubble in terms of their need because you can sell the dream that's that's pretty interesting too i'm not sure if that says bullish as uh tutta-jones is no it's not it's not it's definitely not yeah you know so hey the time will tell where do you stand in the metals market mark what do you think i'm not in it i usually like i said in the beginning of the call i usually don't um i see playing play playing the um playing metals you know i usually just do the equity yeah with the drop in gold today i like i was curious not good so um yeah you know i i i said maybe this is an opportunity to pick up not a lot you know just a little yeah 23 dollars is a big move to the downside man you start reaching those uh you know one time two time average standard deviation of a move and you might get a bounce even if yeah because that's exactly yeah it's really i'll watch it for the next day see if it comes out a couple days thanks guys thanks mark have a great one man take care man stay right there folks Tommy and i come 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now that was a 19 that's it's down four sps are off four and a half and let's go take a look at this rate structure yeah pretty interesting as they're talking about uh futures showing first fully priced in fed cut pushed back to 2021 so traders dial back their bets on federal reserve easing tuesday after stronger than expected reading on a key services gauge that was the ism non-manufacturing right at 10 am fed fund futures now show a quarter point cut in the central bank benchmark not fully priced in until the beginning of 2021 on market on monday the market was fully priced for such a move by october of 2020 um and i wonder how they three months right yeah i wonder how if this is updating or if these um i believe they're updating all the time during the day for sure yeah because when i'm on the afternoon they're different than the morning i just wonder where so we're sitting right now at 1.5 to 1.75 looking at the fed funds implied probabilities number this is the probability that we're going to be at where we are right now so that would be no cut whatsoever right the column to the left is one quarter basis cut okay so we have a meeting coming up december 11th 91 chance the fed does nothing we have a meeting coming up in january 74 chance they do nothing so almost a three to one favorite they stay 25 chance they cut it starts to get a little interesting when you start getting into march april june july july the first meeting that you actually have a greater than 50 chance that there will be a cut and that is a combined whether it's 25 basis points by then being a 38.5 percent chance or 13.1 only a 45.9 percent chance that you actually stay where you're at and then when you zoom this down a little bit when you start to get down to here's your december here's your january i mean you're looking at about a 60 40 chance that you get a cut as you get into really though september so i wonder how they're they're pricing that in for that article you know it's wild too looking at this is that do you remember when we flipped from a hike to a cut yeah and then the hikes are still zero folks okay and this is the chart that you look at right the the probability of a hike is the white bar and it was all but assured now this is for the december meeting again the probability of a hike for the december 19 2019 meeting was at almost like a 100 percent chance in may and then talk about an inversion of that's amazing yeah no change and there was not three cuts since then i believe so yeah unreal yeah definitely wow the world changes quickly right that's that is a fast change there's there's no two ways about that yeah that is one fast change we're gonna take a look at the uh let's go over that that oil market so that that you had chesapeake energy well chesapeake is i believe it's they're big in gas too that's what that's i i think yeah okay so chesapeake energy tumbled after the u.s natural gas produced a post they're wired and expect a third quarter loss instead it may not be able to continue as a going concern if depressed oil and gas prices persist so let me just what is that c chk chk and what i've read in this article folks so what it is is that all these companies of course you know have debt and look at this chest so chesapeake was $69 in 2008 it was $34 in 2011 it was $29 in 2014 yeah and you can just see trails away definitely so what happens here is that they have a huge amount of debt and that going concern though is that let's say that you're the bank and you're lending me the money well this parameters are that you know you have to have taken in so much money sure the bottom line is that they're outside of that now that's what's going on okay they can they can't keep up with what the banks want them to keep up with okay that's what's going on inside of that uh i was just looking at where they're at i mean three-year growth right big problems and look at from 2015 even revenue it makes sense gas prices 12.8 billion in 2015 they're now sitting at 8.6 billion in 2020 and i imagine these negative numbers are the dramatic concern if you're sitting with a boatload of debt yeah and you're not able and you're still losing more money um that's where things can get and let's go look at natural gas right now so this has been just a horrible market for anyone that is in the natural gas business so we're 287 okay and and the charts taking this time it is and i believe you know we're almost down to the two dollar level so there's no doubt that it's come back a bit from from that level but yeah just like anything else you know yeah it's not cooperating let's see if we pull up on a different one a lot going on in the market today is this thing tries and keeps up natural gas we're gonna have to give this computer a refresher i think yeah it's not it's not cooperating yeah natural gas not cooperating period right yeah traders would agree with that one i'm telling you man that's pretty intense and in general you know we'll we just had the dalgo uh south yeah all the markets read i mean what would have happened if we got a bad uh ism non-manufacturing number we got a we got a crushing number markets popped on that 10 a.m and we're now trailing back i mean we were coming in with a solid gain pre-market we get a boost with some solid fundamental numbers at 10 a.m and we're negative for the day yeah it's going to be really intriguing to see whether these bonds can move as well as gold meaning you know reject lower price out here because in both cases folks you haven't hit the lowest swing point yet and you know gold hit 1486 or 1489 you know no there's certainly not a bounce yet but bottom line is that uh we'll see how this shakes out in the next few hours yeah you know because with window dressing is over i mean but the way that the market was even trading this morning i'm saying to myself it's gonna be a market that wants to go up three or four points every day for a while you know what i mean yeah maybe not so much though man we're now at s and p's we're 15 points off the highs that we had almost i think in the uh then the futures that's a big number yeah it's particularly a big number because what happens is that when you do go on a streak on a trend like we have every day like slightly higher slightly higher slightly higher sure you can see people that will pile on and then all of a a sudden of the oh what do you mean how do we turn red well especially when there was no news to push it red i mean we got yeah the high 3085 75 so we're almost 15 points off that high and if you drill things down man i mean look at that 10 a.m pop yeah that we got up to back to 3082 and by the end of the bar we're near 3075 we're now five points below that level so you could see that fade throughout the day if that's the beginning of a little bit of a slide on uh selling selling the news right yep and you know it's going to come out tomorrow folks in japan it's going to be uh south bank oh oh tomorrow's wednesday right it sure is yeah so wednesday also we'll know tomorrow it's because it's tonight okay wednesday it's tonight in japan so that that number comes out tonight this is okay yeah mark it's going to be waiting to see okay how much of a write down does he have to take they're going to have to mark it right right if they put that money into we work right eight billion bucks right there it is stay right there folks time and i'll come right back i'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets i'm Steve Rhodes author of mastering probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market 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equities react new subscribers get a 30-day money back guarantee so you have nothing to lose every monday morning tom publishes his weekly gold report with coverage of gold silver bonds the xau hui gdx the dollar as well as more than 30 different mining equities as of september third gold report subscribers have five active open positions with an average unrealized profit of almost 38 percent for each position to see for yourself the types of profitable trades that are recommended within the gold report sign up today by visiting tfnn.com since 1984 basil Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s basil noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later basil found that computer software which included the standard market technical indicators enhanced the degree of accuracy and calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators basil Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call basil's daily trading newsletter by visiting the front page of tfnn.com cancel at any time during that trial and pay absolutely nothing get your two week free trial to basil's newsletter the opening call today by visiting tfnn.com this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of tfnn.com folks so we got mcdonalds they got a new ceo this is an interesting story here i mean the guy's only been here since 2015 so i wouldn't expect him to have a huge amount of shares but he sold all the shares uh in may uh so in may uh yeah he sold his entire stake in may that he accumulated since he started at mcdonalds 2015 roughly 10,900 shares he also exercised almost 27,900 options and liquidated that holding transactions netted him 4.44 million dollars before taxes um pretty interesting stuff you know and it's it was completely unforeseen so that's part of the reason why that they have somebody at the helm that doesn't have that i'm not sure if they'll put in a contract that maybe gives him a better vested interest in the price of the shares as they usually try to do right um but nonetheless as of right now no shares for the ceo of the biggest uh i'm trying to oh this this may right there may or 200 189 right now i mean you can see though i mean when he comes right i mean you know just to back it up a little bit further that's yeah i mean you know 4.45 million dollars i mean that's that's most of the time enough money to live off wealthy for the rest of your life yes and so you know cash in man and you still enjoy your job you make a living you you know you use your future earnings and no matter what happens nobody can take that money away from you man no no i can yeah and maybe he thought it was time to diversify away from mcdonalds which would be interesting in light of the fact that he just got put at the helm now he's gonna happen because if he really believed that it was in good position to trade higher no need to do that man you could always borrow against that position or something like that if you wanted to or so and you'll you'll you'll miss the high i mean if it's 189 the highest two something you can't go wrong when you're getting those positions at 100 he's still making a very healthy salary i'm sure right on top of that yeah stay right there folks to get that thickest one coming up next i'm at mr kevin then basal chatman steve roadstay white i'll be back this afternoon thanks pal thanks man