 The following is a presentation of TFNN The Trader's Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at 727-873-7618 The Trader's Edge Now Steve Rhodes Hey, buddy, I'm Tommy O'Brien coming to you live from TFNN Thursday morning just after 9 a.m. Eastern time We got about 24 minutes to go until the started trading and we got a mixed market right now pretty calm action overnight As has been the case since about last week, right? We jump over to the S&Ps right now flat to the tick at 4274 You know the Nasdaq 100 barely in the green yesterday quite a sell-off for those tech companies yesterday, man We'll jump over to some of those fang stocks Nasdaq 100 up by 28 points 14,000 358 you see the sell-off yesterday. We were 14,000. What was I six something? 14,000 675 so you're talking about 315 points to the downside from where we were yesterday and you were approaching 14,000 250 overnight Dow negative by 49 points right now 33,000 661 and you got the Russell talk about a dichotomy of differences man Check out the action of the Russell especially versus the Nasdaq 100 you talk about a difference going on The Russell this morning negative by 6th little bit of a reversal of yesterday's action in terms of yet yesterday You really have those tech stocks trading lower This morning so far we got tech stocks barely in the green Well, you have the Russell pulling back when the Russell was the one accelerating higher yesterday crewed up a bit up 21 pennies at 72 73 goal catch in a bid this morning two-way action In terms of where we were yesterday you accelerate to below 1960 this morning. We're back to 1973 Anytime yet you got gold moving you can expect we got some currency action moving. We got the dollar index, right? What do we got we got a weaker dollar so you got strength in the gold contract and that is going to coincide with? Lower yields had to recalibrate my veins We have higher price in the 10-year lower yields All right, and even as I jump around you jump to the two-year, okay? You get a spike in there as well, so we have higher price lower yields That leading to a weaker dollar the weaker dollar leading to potentially a slight bid in some of those growth companies Out there with an Azdec up 25 points Economic data this morning. We jump over to it jobless claims. I Don't know about the word surge here surge to 261,000 highest since October of 2021. I mean, that's a while ago Okay, but all things considered man. The market was looking for 235 Continuous claims fell to 1.76 million our continuous claims supposed to be going up if we're really having a tough economy That's putting the cramps clamps on inflation The report highlights a labor market that while we're largely resilient is starting to show signs of cooling is how they put it I'd be real careful putting much into this one man on an adjusted basis claims rose to 219,000 in the weekend in June 3rd Let's see. We got applications letting Ohio, California, Minnesota Data can be cheap choppy. Yeah, I would put it lightly man The four-week moving average is 237,000 folks, okay, and we are up at two was the number 261 The four-week average is about 240 The numbers get choppy with variants. I would just not put too much into that number of 260,000 at a time when We're adding 300 plus thousand jobs a month, right? So keep it in context man This number not very important usually especially if you don't get any outliers and I don't put that one in outlier at all Slightly above the four-week average, but 261,000 where we are man with unemployment at 3.7 percent. Yeah, you better believe That's still a strong economy, okay That is not going to tame inflation and and the numbers have not surged I would not use that number in a in a correct capacity to encompass that number Highest since October 2021 though, that is the headline you'll see and that is accurate All right, let's talk a little bit of crypto to kick off the program here That's not the one I wanted to was watching that one earlier. Let's just pause that video But we jump to Coinbase. We're gonna talk a little bit of trades here. So Coinbase today You get The acceleration on Tuesday you hold basically where this thing accelerated back to on Wednesday this morning We're slightly in the red but all things considered no huge action considering what's going on But check out some of these trades man. Now, there's a couple sides of this. Okay. I saw one Twitter account unusual whales. Maybe if you are familiar with it in the den, right? They track big trades the unusual large trades of whales, etc. I think one of the trades highlighted a Coinbase trade that was made on Monday, okay One day ahead of when the SEC sues them the problem there is that we all should have seen the writing on the wall man On Monday, we should have seen it when they were coming after Binance very good possibility They come for Coinbase as well. They did that on Tuesday. But boy, you want to talk about some numbers, man There's there's a reasonable way to trade options That you might be able to avoid detection and then there's the unreasonable way where you just load up minutes before the news breaks and How about this one? All right, so Coinbase, right now This one goes back to right before Monday before Binance came out, which is the kicker 1035 a.m. Monday morning someone always knows man. Okay, 10 30 because people know we live in a world where You know, you always see something like oh to avoid human error if humans are involved in anything there's always going to be human error if Information is possessed by humans that is worth millions of dollars There's always going to be the incentive folks to use that information to collect those millions always Okay, the incentive is there. It doesn't mean it's gonna happen But you have to be aware that it's there and it usually does happen if enough people have that information It's just too tempting Especially when you're talking about crypto, but doing it with options traded in a regulated environment That's a little bit dicier man. So on Monday at 10 36 in the morning 4800 contracts of Coinbase's $50 puts expiring Friday hit the tape stock was trading at almost $62 now man Excuse me. You talk about out of the money options. Okay, these things were trading for 18 pennies each 24 minutes later at 11 in the morning the SEC announced it was soon Binance now Coinbase rightfully so sold off on that news. Okay, now we're gonna zoom in on the action Here is Monday. There's about 10 30 $62 when they got sold. Okay. Now. Here's the kicker though They're $50 puts man Okay, they're $50 puts is what you have going on. So the stock of course it accelerated They got to about a dollar. It says on Monday. They got as low as $5. Maybe now. Let's see where they are We'll pull them up. What are they talking about here? They're $50 puts expiring on Friday It's gonna be interesting that you insider trade and you don't even make any money as in Check it out, man. The $50 puts are only at 50 cents man. So this trader put up $86,000. Okay. Now this article has got to catch up here because they're going off prices of where this thing was at on the spike low Yeah, it reached $5 and 65 cents on that spike low on When you got down to and then rightfully so you can you almost had enough intrinsic value there I wonder if they sold them off. I'm sure you can figure that out But nonetheless pretty remarkable you go that far out of the money for that large of a position I don't know. Maybe it's some type of hedge But you're talking about almost a hundred thousand dollar option trade with five days of exposure 20% out of the money 24 minutes before The SEC was handing down an indictment of finance with Coinbase to follow and they went too far out of the money man Yeah, simple as that too far out of the money for Coinbase remarkable. Nonetheless when we come back folks We're talking markets. We're talking our man Kevin Hinks from the TV Ameritrade Network. Don't go away We'll be right back. We have exciting news Tigers this June Tim Orde of the Orde Oracle will be hosting two webinars providing insight into his renowned market timing methodologies on June 8th Tim will delve into the S&P 500 teaching sentiment indicators identifying market bottoms and divergence and so much more on June 15th Tim pivots to the gold market taking a look at cycle analysis ratio studies advanced decline indicators and other important tools for analyzing this sector Sign up today on TFNN comm 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 comm 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 comm 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 It is 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 If you're looking for potential trading setups in the stock market then 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 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 Welcome back folks. We jump over to the VIX volatility index this morning 14 11. We got a new recent low of 13 77 yesterday It's pretty remarkable that we're in a new era right now that we've been hiking since march of 2022 You're talking about 15 months ago folks and you can make the case that we knew the hikes were common even before that right and so we've been in a Fed is hiking environment for the better part of Approaching a year and a half year and a quarter whatever you want to call it Very different time When there was so much up in the air in terms of the pace of the hikes where they're going We've now kind of adjusted to the fact that we are at the rates we're at right now And the market's handling it The kicker is inflation hasn't gone down yet. Keep that one in the back of your mind because every Bit of optimism that everything hangs on Is contingent on inflation going down at some point folks. Okay, we're not going to have a market that's skyrocketing higher If you have inflation crushing the buying power of American consumers at some point that is going to catch up if they don't get it under control, but right now Stay in the current it's not happening just yet, man And the vix is showing you the sides of that now we get cpi data Next tuesday Okay, tuesday morning That's an important data point If it doesn't shock the market with something Then the writing is pretty much on the wall that we get a hike a pause we get a pause Next wednesday and then we'll see what happens towards the end of july on their next meeting But if you take that in stride, where does this market go right? Where what is the impetus to head higher or lower? When we're in a bit of a status quo right now, we're going to be watching the economic data We'll see where we go in july. We just got some slight Action in notes and bonds when you look at the numbers that we got this morning You jump to for example 10 year, right? We got a little bit of higher price Lower yield. What's that talking about? Well, that's talking about you got a little bit of jobless claims We have an uptick highest level what since october 2021 You look at all of those it says, okay, maybe we don't go As high as we maybe thought right maybe we get a pause and maybe we start seeing an uptick in these jobless numbers we start seeing a downtick in The jobs created etc But there's a lot of optimism built into that so be careful, man and There's two sides of every argument to be made. Okay, because one side of it is there is an extreme competition for capital right now I'll pull up the CD rates A two-year ladder is above five percent right now That's a staggering risk-free rate of return a five-year ladder is approaching five percent right now Again a staggering risk-free rate of return When you consider where the s&p would have to be and i've done this before on different shows, okay? So what you have is you have competition for capital right now and that's not going away in the next year or two not happening Just not happening banks need money. They need to shore up their balance sheets You're going to have commercial real estate having a problem over the next year or two no matter what happens with the fed Okay, and we will be okay because now finally the fed does have some ammunition to come back with at least To come back with if we face some hardship in the economy one of the biggest worries for so long Was that the fed was holding zero percent at a time when man the economy was doing pretty well What was going to happen if we turned lower? We weren't going to have the ammunition to cut like we normally would To spur economic activity. Well, that's not the case now man. We're going to have it. Okay The banks have to get over their capital deal though There's a real issue right now going on with banks with their capitals Inflation is not going away instantly. It's going to persist The inflation persisting is going to cause interest rates to remain elevated Interest rates remain elevated is going to be a competition for capital in those banks And then you add commercial real estate come and do over the next two to three years That's going to put the squeeze on the balance sheets even more. So what's going to happen? You're going to have cd rates staying somewhat elevated and if cd rates stay elevated there is going to be a competition For capital in this market I mean think about how well the market's held up at 4,300 and think about how much money is not in Equities right now and is put in money market funds or cds etc, right? That money can come back. So that's the real impetus here in terms of when the fed does if they need to cut Okay, they're going to suck The free money risk-free rate of return out of things And the real kicker here is Is if they suck that rate down if fast enough It will ease the commercial real estate problem as well causing banks not to be so strapped on the balance sheets So there's a real deal here man in terms of Where we go with the fed can do but for the next year or two I really see that we are in a place where inflation is in the forefront here But for the next like month or two We're in a sweet spot here with the vix under 14 with the market saying you know what we're going to give this a chance Stocks are doing well the feds going to give lag a chance And that's like a best-case scenario for the stocks at least in the short term longer term though You go out a year or two What happens if inflation gets sticky man because I think it is a little sticky and I think it's a real gamble to pause or skip right now If the only disclaimer there is that Do the banks does chairman Powell really? No more And he does About the stress that banks are in and maybe this is a combination saying man if we keep hiking if we go to six or seven percent Uh, and we got these commercial real estate properties coming up do and you have higher interest rates for properties that are worth less Those are going to default and it's going to cause some real stress And that's a real possibility. So I think they're trying To thread the needle here and boy, it's dangerous when you're trying to thread a needle Where you are 15 months into a hiking cycle And we have inflation potentially edging up between four to five percent, right? That's quite a needle to say, you know what? We're confident enough with inflation approaching even five percent and going up on a month over month basis That we're just going to let the lag play out Because they tried to do that on the flip side of this. Okay, the word transitory was basically that It's going to revert to the norm There's lags in this economy that are going to cause inflation to go away Just let it catch up and we saw how that went man So keep that on the horizon a little bit longer term as well Because this vix this market this fed right now is all built on the optimistic notion That inflation is on its way down and is going to go away and I think we're a little bit naive to think that it's that easy folks because many people My generation and below have seen nothing like this and For the first time ever Companies in my lifetime right are able to jack up the prices and pay None of the capital in terms of what it comes with the hardships that people assign to those price hikes, right? You see higher laundry detergent prices in publics. What do you say? Why you probably either say ah bidenerd or trump or something you blame somebody else You don't blame tide for raising the prices, right? You blame politics. You blame covid You blame whatever it is you blame the circumstances of the economy that is causing prices to go up You're not putting the burden on The companies that are raising the prices So the companies are able to raise the prices because they're not the ones being assigned The guilt for raising those prices now You raise it as far as you can And then consumers won't be buying it and that's the level But right now there's a weird deal going on that they're allowed to do it because consumers feel like the inflationary pressures are System-wide and it's not that company's fault. It's the economy's fault And I don't think that's going away man. I don't think that's going away at all I think that companies are still going to have enough cover to raise prices and they may need to And so it's a persisting round and round we go and we'll see where we go from there All right, folks. Stay tuned. We'll come back to the open. We got s and p's down by one markets almost flat this morning Coming into a break, right? Stay tuned. We'll be back Excuse me in three minutes building wealth trading in the stock market seems impossible to most people They think it's too volatile and risky Most people aren't going to take the time to educate themselves on how to do it, right? But you're not most people are you at tfnn You'll get the guidance you need to refine your strategies and techniques to invest like a pro Because you'll be a pro all tfnn subscriptions books software and courses are available at tfnn.com And i'm even going to tell you how to get them for less Use tfnn's tiger dollars and you'll get up to a 20 percent bonus on your purchase And once you apply them to your account tiger dollars are automatically used for all future or recurring charges Tiger dollars also never expire are fully transferable and are a great way to add savings to your newsletters or services Become the investor you were born to be at tfnn.com tfnn educating investors tfnn has just launched their new trading room the tiger zen hosted at discord tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours And now they are expanding their reach with the tiger's den available to all tigers and tiger's for just one dollar for the year There's no catch or added costs when you join our community of traders in the tiger's den You can look over the shoulders of tom o bryan and the other tfnn hosts while they analyze charts during their live tiger tv programs And join an interactive trading community with hundreds of members exchanging ideas Interact with other tigers and tigers as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the tigers den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com Sharpening your skills as an investor is like getting better at playing a musical instrument You have to practice sure, but you also need excellent instruction from experts at tfnn You'll get advice and guidance from the authority and technical market analysis And it's not just dry tedious text either tfnn airs live financial content streamed live on tfnn.com and tfnn's youtube channel with tiger tv Live every market day from 8 30 a.m. To 4 p.m. Eastern for free Each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world From the moment the market opens until the closing bell sounds tiger tv has eight different shows with expert hosts To help you make the right moves with your money Watch online at tfnn.com or on tfnn's youtube channel and become the investor you were born to be tfnn educating investors This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of tfnn.com Back folks we got markets open you got an sb down about two points right now vix opens at 14 11 nasdaq 100 Barely holding on to gains right now. You're up 13 points 14,344 and you get the dow off by 15 right now Crude up about 26 pennies 72 78. We were above 73 dollars briefly In the pre-market session you got gold trading higher as we got a weak dollar this morning gold up to 1975 You got to jump to the dollar dollar index right now Continue into accelerate you're almost off 50 basis points right there 50 ticks in the dollar 10361 from where we were yesterday above 104 Yeah, quite the sell-off. So we got a weaker dollar right now And you jump to yields Yeah, we got higher price lower yield weaker dollar and we got a market that's uh Continuing just to chop around on a relatively very low basis in terms of where we are you jump over To the 30 year we're up to 126 16 we were trained at 125 27 before that jobs number Let's jump around to some of the fang stocks. You talk about some moves yesterday, right? Apple shares up four tenths percent today But boy you were up to 181 and you finished the session yesterday at almost 178 I mean that alone folks is 50 billion dollars let alone where we were at the top of the Acceleration monday or the worldwide developer conference today apple catches a bid Microsoft yesterday. I was talking to my dad on the phone saying yeah, microsoft just sold off 10 dollars man from 334 to 324 and I think microsoft has about seven billion shares outstanding Yeah, 7.5 almost billion shares outstanding. So that's 75 billion dollars microsoft wipes out just from the spike high to where we are right now I mean crazy numbers some of these Fang stocks in particular you jump over to navidia navidia shares. Basically, uh, I was let's say flat now we're up 1% Such volatility recently navidia 20 dollars that accelerated yesterday And boy be careful man because navidia trades at some multiples where things can really get funky When you're talking about trading at future multiples that navidia is in That's where you can really get some vicious swings. We're up to 420 just like that. We're back to 377 you're still what 50 bucks above where we came into their earnings event Would we no we came in at 300 on their earnings event a couple weeks ago already a couple weeks ago I said that on my show yesterday It seems crazy that that was two weeks ago that navidia shocked the world did not uh, doesn't seem like that was two weeks ago But nonetheless it was we jump over to meta shares Metta off about 1.3. They were up to 276 just like that. They're 16 bucks off their high man How many shares they got outstanding 2.5 billion I mean that company is only valued at six hundred and sixty eight billion dollars meanwhile Yeah, what is 16 bucks off the high did I just say yeah 16 bucks off the high For a company that's got 2.5 billion shares outstanding. That's 40 billion dollars in market cap It just gave up that's a quite a market cap give up for a company only near about 700 billion dollars in market cap Uh point being we got some vicious swings in both directions We got jump over to tesla they're in the mix as well usually no real fade from them They're pushing highs man Recent highs that is up to 225 tesla barely in the positive But yeah, it was quite an acceleration for them the last couple days. That's an hourly chart. We put it on our weekly It's an interesting one. Where are we in this channel? We breaking out Oh, we test in the upper boundary line of that channel line Yeah, look at that right you back this up almost to the highs Well, you could make a legit case man that you were up to the top of that channel end And on the bottom side of that it aligns pretty closely Yeah, so an area to keep your eye on this this market chops around a bit We jump over to the vix volatility index this morning vix right now Still above 14 Oh boy quite a drop-off man. It'd be interesting to see so as I mentioned We get cpi data on tuesday unless you get some type of a shocker Expect that expect that the fed will pause on wednesday But very interesting that for the first time we get a fed that's going to be potentially pausing on their hikes And we got a cpi number the day before That they're somehow not data dependent on right and they're always data dependent But it would have to be quite a shocker with the verbiage that they've put out to shock that market and do something other than pause All right, what else we got pulled up here Yeah, we got to talk about messy right going to miami Now here's the kicker He turned down about a billion dollars from the Saudis He's got quite a deal in miami though. He's getting some of the revenues from apple he's getting some of the revenues from adidas in there as well, let alone his contract and Some of the I mean some of the tickets already going for like 350 400 bucks from 20 bucks from before that occasion Interesting this comes down right after live And the pga have their merger and it was so close folks that they the Saudis thought they were going to get a man They had planes ready for him in one location They had planes ready for his family in another location And so it was the last second decision that he goes from miami and when I Find interesting in a lot of these right because A billion dollars a billion dollars man generational wealth, okay Turning down that money is real now messy's got quite a deal It might even be a better deal long term When you have revenue sharing with some of the biggest players out there like apple and adidas But what I don't what never gets talked about because it's not an easy conversation to have right Is that you are doing business with? Saudi Arabia and a lot of people do okay There's really not a lot of judgment. I wouldn't do that, but it's easy to say sitting on the sidelines Okay, because somebody offers me a billion dollars. Yeah, I might do that in my situation I might but a lot of these people are doing that when they already have generational wealth I mean messy's got so much money his family's never going to spend that generation is over And once you do business with somebody like that folks In my head don't think that it's as simple as that man when you're doing business With somebody like the Saudis they give you a billion dollars There's nothing to say that they might come back in five years and say well We need this too and and guess what the crown prince says so and that's what has to happen You know, that's a part of this where people are making decisions doing business with the Saudis and then you are You know, I mean that's how the mobsters used to do it, right? They do a business with you then you then you come back and then all of a sudden They're there you're in business with the mobsters and there you go So and and you know it's it's it is ethical to a degree Duffy But you know these guys on the PGA man, you saw how they got screwed you got to look out for number one as well man because you know Rory was looking out for everybody and all he did was punish himself to the tune of a hundred Million dollars and he got nothing for it and the people he was supposedly in business with the PGA They were doing deals behind the back That that had no reflection of what he was doing. So you got to look out for yourself as well But just even the selfish deal um I don't you know, it's like if you if you said that The new york gangsters were gonna give you a billion dollars to allow them to Start a soccer team and you'd be the player on it, right? Wouldn't you really think about what happened after that billion dollars and how that might go bad? That's what I never understanding that gets talked about. I mean, you know, that kashogi thing is real man He was a u.s. Resident abroad and they just sent the team over to chop them up and and and that was it so That's that's part of the business with uh, anyway, so he comes to Miami. I think it's great man. Um I'm not a huge soccer fan just because i'm american and watch american sports It's just becoming But I love playing with the kid as a kid. I play it with my kids and it's great It's huge in florida, of course, you know as a sport for children And yeah, it's great that now we're gonna have some uh, some miami action with our man messy Pumping up the mls because soccer's great especially kids man kids love soccer run around. Why not? And uh, miami only about three and a half hours from where we are in florida. Not bad All right, folks stay tuned we'll be coming back talking markets We'll talk a little bit of s and p trading with our man tim ord coming up at four o'clock today Stay tuned. We'll be right back We have exciting news tigers this june tim ord of the ord oracle will be hosting two webinars providing insight into his renowned market Timing methodologies on june 8th tim will delve into the smp 500 teaching sentiment indicators identifying market bottoms and divergence And so much more on june 15th tim pivots to the gold market taking a look at cycle analysis ratio studies Advanced decline indicators and other important tools for analyzing this sector Sign up today on tfnn.com 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 in stock prices Get the opening call newsletter by basal chapman in 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 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 us 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 sell 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 Fill the smp 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spx s Directions daily smp 500 bull and bear Leveraged ETFs Direction leveraged ETFs an investor should carefully consider a fund's investment objective risks charges and expenses before investing A fund's prospectus and summary prospectus contain this and other information about direction shares to obtain a fund's prospectus And summary prospectus call 866-476-7523 or visit direction Investments.com a fund's prospectus and summary prospectus should be read carefully before investing an investment in the funds is subject to Risk including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor foresight fund services llc This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz We got markets chopping around pretty much where we kicked off right now S&Ps are flat 42 74 right now and boy you talk about a rum though, right? We put this on a three-year weekly You're talking about lows in october of 35 o two were 770 points above that level man. You got to love it 42 73 push in recent highs the highs of last august You're talking about 43 27. So we got right near that number, man Uh, and as I stated before many times, especially interesting Excuse me, especially interesting when you look at where we are in this chart considering Excuse me. We came into the high king cycle in march of 2022 at a price of about 4200 We're going to end that cycle at a price of about 4200. We went up to 4600. We went down to 3500 in the mix But 15 months later when the fed is eventually going to pause at least for a meeting We're within about one to two percent of where we were coming into that And if you told me back then If you told anybody right if you said hey Inflation still persisting at almost five percent on the pce core We're actually ticking up if the fed's been hiking for 10 straight meetings since march And where do you think the market's going to be in that number? Also, you got the war still raging on between russia and the ukraine We're just sitting right there and we got crude trading at 72. Not that bad to put it lightly Okay, with that in mind folks tonight four o'clock our man tim moore. This is going to be an awesome event Please I encourage you to check it out four till 6 p.m. Eastern time Tim ward is going to be in there for a trading methodology webinar focusing solely on the s and p folks. Okay He's an award-winning market analyst. He's been out there for 35 years He's been working with my dad for many decades man Uh came back was with our man. Dave white has been talking to my dad on the air for a while now a couple months Now he's got a webinar going on This one is on the s and p folks. It's from four till six tonight to two hour webinar He's going to have a 90 minute presentation followed by a 30 minute question and answer discussion period And he also has a gold webinar coming up a week from today. They're separate webinars because he uses completely separate tools indicators and charting packages that are available on most mainstream charting services trading services And he's going to be in there tonight, man And he's talking about whether it's sentiment indicators How to find market bottoms market tops if you've been listening to him on my dad show man He has had some amazing calls on this market talking about The bottoms talking about panic talking about this next leg higher And everything's pretty much followed through so far So you can check this out on the front page tfnn You click on the link you can see what he's going to be talking about in here Okay, he has out both webinars You can sign up for both webinars at 495 or you can sign up for either one for 295 in the s and p webinar tonight 4 o'clock and with the way this market's working man I'm looking forward to this webinar and it should be a good one. Uh, jaco's been testing out with him He's all set in the den and uh, yeah All you got to do is be in our discord server folks will give you a tag once you sign up It'll be right in there easy to use and if you're not in there you just sign up We send you a link it takes about a few minutes, but please don't wait until 4 o'clock tonight to sign up Okay, because we do need to tag your account if you're not in our Discord server tigers then we need to just send you a link and get you in there So it does take a few minutes So if you're planning to go, please sign up right now sign up throughout the day as early as you can So we can make sure we get you in that room We get you tagged and it will be archived as well 4 to 6 p.m So you can watch as much as you want that to our archive to our archive will be available to all subscribers All right, the last part of that messy one which I thought was interesting And it talks about Is it's quite a down Shift from what he's used to playing in so Where he's going to be playing right now now miami. So you got beckham is an owner part owner minority of This team. Okay, so you're going to beckham over there. He's in miami. He wants to build a legacy of course They talk about in here that they just signed A 99 year lease. Okay, even before messy you have inter miami's fortunes had started shifting You have the owner and beckham got miami city commissioners to reach a 99 year lease last year to redevelop a city-owned country club Into a privately financed property that will include a soccer stadium hotel office park retail space and public park. Okay But what is going to happen there is that that stadium has not broken ground yet Probably not going to exist while messy is there considering. What do they take three four years something like that to build a monumental stadium to that degree He's going to be playing in The dr vpnk stadium Drive pink stadium What is that does anybody know what drive pink stadium is? I mean amazing. They got that stadium, but it's a small stadium in fort laudel They share it with the florida high school athletic association for state championships And it holds 18 000 people compared to where he was playing with barcelona for a hundred thousand people But pretty cool man and just from a sports fan in america and it's big and it's big in florida, man For sure because you got so many kids playing soccer year around But yeah, pretty cool. He does that but quite a downshift to 18 000 But yeah, he's going to get some of the revenue and they talk in here as well in terms of apple Okay, apple just forged a 2.5 billion dollar 10 year deal with major league soccer to show the games on its tv Plus he's going to share in that revenue and adidas is going to uh, he's going to share in the adidas revenue that they sell as well So good for him, man Yeah All right, what else we got going on? Yeah, new york, man sending out some some white light and some white air Maybe just clean air not white air to the new yorkers, man You're going to be stuck with their air. It looks like until tuesday right now. It's only thursday Uh, and it may persist And these are some of the deals that are going to be happening now, man As you got those fires raging now it's in canada And yeah, we're fortunate in florida. We deal with our own woes. We're coming into hurricane season no matter where you live folks Everybody's got something to deal with all right Whether it's tornadoes hurricanes, uh snowstorms hail Air quality, etc But yeah, this is a tough one and hopefully it's not the the new norm But it seems like that may be the case and pretty remarkable that just like that You get a whole city full of smog and it's going to be that way for a week or so as you come into summer in june And it's just the beginning of summer, man You know if those of you dealing with wildfires these things, you know, it's only going to get hotter It's only going to get drier as we go throughout the summer All right, what else we got let's check around to some of the fang stocks as we jump around to this final break We jump over to amazon shares All right, this was maybe we get a little bit of a difference of yesterday's action, man With what we have going on because boy amazon was another huge sell-off yesterday Amazon trade down six dollars from where it was at the open to where it was near the close We're up by two percent today But we're still almost four dollars off of where it was trading at the highs of yesterday morning See how microsoft is doing clawing back some of those losses. No not so much man Microsoft still below three twenty four right now flat on the day even after their sell-off We jump over to apple shares apple up about two tenths percent right now Tesla holding up well up about seven tenths. Let's see how some of the banks are trading right now jp morgan down seven tenths percent bank of america down a percent right now Well as far ago down about eight tenths. We check in on the airlines american aal yeah flat cruise ships carnival off 1.6 and we got to talk a little game stop folks. We'll talk a little game stop when we get back Uh down 18 percent As they got a new chairman mr. Cohen trading at twenty one dollars stay tuned folks. 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Yeah, we're jumping over to visa visa trading lower today as potential legislation yesterday had some acceleration Our man kevin hanks was talking to us yesterday Alerted us that there was a market maker expected move in these equities With potential legislation out there in congress that could limit some of the fees they had A little bit of weakness again in visa today down about a percent before you take a look at this thing longer term, right? Great stock man. Just plows higher And I imagine no matter what happens to their fees. They're going to be okay going forward in a large way You jump over to mastercard Pretty similar chart, right higher prices we go man And you're pushing almost highs mastercard down another percent today using uh moving Pretty much in lockstep with visa lower prices yesterday continuing those lower prices today But guess what we got a lower market as well man. You get the s&p below 42 70. We're trading right now at 42 66 Yeah, jumping back to coinbase Coinbase right now down about 2 trading at 52 dollars. Whoever bought those 50 dollar puts Uh, what can they get what can they get for him right now 54 pennies? They bought him an 18 cents, man Imagine that right? What a lesson we're going to take the final minute I have in this program of talking about this man. What a lesson right no matter what was going on I started off the program folks talking about that there was probably insider trading going on my words, okay Uh talking about a trader that on monday at or tuesday Let's get it at 10 36 a.m. On monday Traded 4,800 contracts every contract folks is 100 shares So that's 480 thousand shares potentially, okay of coinbase at 50 bucks They paid 18 cents Well, the stock needed to move about 12 dollars to be in the money and even that trade Is potentially going to lose money because you're still out of the money by two dollars and 50 cents with one day to go