 The following is a presentation of TFNN. The morning market kickoff with your host, Tommy O'Brien. Now, Tommy O'Brien. Good morning everybody, I'm Tommy O'Brien, coming to you live from TFNN Wednesday morning, just after 9 a.m. Eastern time, we got about 30 minutes to go until the start of trading and you have markets holding up relatively well. Yet again, we're trading above 4100 Europe 25 points and the S&P, we get some decent earnings overnight. We'll get into it in a moment, but S&P's up 610% right now. Yesterday, you make it to a high of about 4140. Boy, quite a sell-off. You're talking about more than 50 points from the overnight lows, made it about 11 p.m. Eastern time last night. And since that price level, you're talking about trading up almost 35 points, S&P's in positive territory. NASDAQ 100, you're above 13,000. You're up 610% as well. Dow up 510%, 32,537 and you have the Russell. Right near 1900, up 810% for the Russell 2000 at 1898. Crude catches a little bit of a bid. We got OPEC increasing their production, but by the smallest of margins imaginable basically, you get an acceleration from 9350 up to 9650. Just in the last couple hours, we'll talk to our man, Teddy Cakes, that at 40 past the hour today. We'll talk a little bit of crude. We'll talk a little bit of forex markets along with notes and bonds. Crude up to 9650 and just like that though, these are five minute bars, man. Crude, talk about some volatility. We're down a dollar from the highs that we set just 12 minutes ago. Gold contract, quite an acceleration to higher price yesterday early, then quite a sell off as we had some action in the forex markets in particular. How about the note and bond market yesterday? We'll get into that as well. 1805 gold early in the day. I was looking at it last night actually, because I was looking at gold late in the day. I was like, man, I can't believe we're even below 1775. I said, I could have sworn that we were trading, you know, I think it was above 1800 when we were doing my show. And sure enough, it was at nine o'clock, you were above 1800 when I started it. And right as you came into 10 o'clock, we did get down to 1790 for the better part of the show. But man, you got some volatility in the gold market. We'll see where we go from there. And as I mentioned, notes and bonds. How about this move? And it's not stopping right now. You got the 10 year down another seven ticks right now. We are down, yeah, more than two full points from where we were yesterday. I had to stop myself for a second, right? We're approaching 2.8% yield. We were approaching 2.5% yield yesterday. Mammoth moves in a big way. As you get rates rising about 3 10th percent, we take a look at the daily. And what we do is the acceleration that you had began on March 7th. We've been in a downtrend, but that's where things really started to accelerate. You had the 10 year trading at 129. You drive down to 114. From there, you bounce just above where we were in May. You make a high, what was it, 122.02? Is the high there? And just like that, we're more than two points off of that. And that was a 50% retracement of the entire move lower we had since March. You got lows out there of about 114. The area that we bounced a bit is at least 117.5 about. So you're still almost two to two and a half points away from where that 10 year was chopping around for a bit. What was that? A little bit above 3% at that point. Nonetheless, you go from 3.5% to 2.5% to 2.8% on the span of six weeks, let alone the drop we had from March. As notes and bonds, there's a lot of Fed speak. We'll get into that. But we get non-farm payrolls in 48 hours, less than folks. That's a big number. And we got a lot of big numbers in earnings as well. Let's kick it off and check in on some of them. PayPal, big numbers for PayPal. They got some big buybacks going on. PayPal jumps from 88 bucks. We're trading above 100. Now this thing's been punished in a big way, man. Down from 296 in September, down from 310 about a year ago, just more than a year ago. So you're gonna pop above 100 for the context of this chart. About 101 is where we're trading at right now. You'd really like to see some strength. We came into the year at just shy of 200 bucks for PayPal trading at about 101 for their earnings. All right, let's jump around to some of the headlines we got pulled up and we'll kick it off with oil. OPEC agrees to raise output next month at a much slower pace. The group will add 100,000 barrels a day of supply to the market, significantly less than on the Alliance added in July and August. How much do they add in July and August? 600,000. Yeah, they're more than comfortable with oil trading above 100 bucks. Why would they flood the market? It would make no sense, right? They can't let things get too out of whack and it's pretty out of whack at 100, but pushing things up to 200, so what do they do? They release it in July and August, no one 600,000 barrels isn't gonna bring the price back down to $60. So you know what, we're at $95 to $100 right now and we're okay with that. The deal may offer little respite for consumers suffering the inflationary squeeze of high prices. Yeah, so that's a bit of the sell-off. Now, the 23 Nation Alliance, okay? Check this out, would divide the increase proportionally between members with only the Saudis and the United Arab Emirates able to bolster production, just a fraction of the group's promised increases have reached the world market. So that's just what they're proposing and saying they will do. As they've come to market, they can't even keep up with that usually as just the Saudis and the UAE is able to keep up. No discussions about whether the OPEC and its allies would keep increasing production beyond September. And I heard one take on this this morning on Bloomberg saying that this would basically account for the Saudi portion being about 26,000 barrels that they would push out. And that would be basically one Suez tanker a month extra. On a world global scale that puts in context that the Saudis sending out one extra tanker a month is what they just came to. This, of course, after President Biden was over there, there's gonna be a lot of talk because they almost couldn't have done less in that market. And that's probably part of the reason that you're seeing it a little bit of a spike in the crude contract today, jumping over to that market again. We're trading at 95-18. Great to talk to Teddy. Man, we've had so much volatility across the board whether it's crude, notes and bonds, right? Teddy with some great action on the note and bond, man. You check out that action. Quite the reversal in the 30 year, man. You're talking about almost four full points. Almost four full points on the 30 year. We're down to another 29 ticks today. Let's jump over to the VIX. VIX right now trading at 2307. Quite the acceleration into last Friday, 21-21. We're up to 24-68 yesterday, sitting at about 23, still a pretty elevated level on historical basis. All right, what else are we gonna jump around to? China real estate. Yeah, start off with some of the other companies with earnings, Moderna, decent earnings. They were trading higher this morning. They write off 500 million in expiring COVID shots. That's unfortunate for many reasons. 4.7 billion dollars in sales for the quarter, a 9% increase over the same period last year. They make 524 though, a drop from the second quarter. They write off 500 million for the shots. They also lost 180 million, 84 million in vaccine purchase commitments. And they had 131 in expenses for unused manufacturing equipment. It's gotta be crazy volatile, trying to manage a business as you ebb and flow with the demand for those vaccines. Jumping over to theirs. Moderna up to 169 from 160. The one thing I do always think about this equity was I think, was it Merck got out of this thing? At some point, I think in the third quarter of 2020, they had a big stake in it. They decided to sell it somewhere in the third quarter, I think of 2020 for 50, 60, $70, something like that. Stock runs up to 500, they look like fools. It drives back down to almost 100, they don't look like fools. So probably not gonna hit the lottery back to 500 anytime soon on Moderna. Stay tuned, folks. We'll be coming back, talking to our man, Kevin Hinks from TD Ameritrade Network. Vista Gold owns and operates the largest undeveloped gold project in Australia, the Mount Todd Gold Project. Vista Gold just completed their feasibility study, resulting in a 7 million ounce gold reserve. 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Sign up for Steve's market newsletter, Mastering Probability, and you'll receive access to seven of Steve's educational webinars absolutely free. At tfnn, all our newsletters come with a 30-day money-back guarantee so you have absolutely nothing to worry about. Visit tfnn.com and try Mastering Probability 30 days risk-free today. Tfnn, educating investors. Tfnn has launched the Tiger's Den, hosted at Discord. Tfnn has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours, the Tiger's Den, available to all tigers and tigeresses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of tfnn.com. Welcome back, folks. We have the S&Ps right now, up 22 points, trading at 41.16. Let's jump over to our man, Kevin Hinks. Every trading day, folks, 12 noon Eastern time, right here on Tiger TV, the program Fast Market from the TD Ameritrade Network with your host Kevin Hinks and Tom White and the team at TD Ameritrade Network. They break down the entire day's action, folks. They walk you through hypothetical trades every single day using options. If you wanna learn about the market, you wanna learn how to trade options, you wanna learn how to understand them, please check out the program at 12 noon Eastern time. Kevin Hinks, I got one question for you. I hit you up yesterday and I said, what's happening with notes and bonds? And man, we had a big 24 hours since I talked to you yesterday. What's happening with notes and bonds, man? Well, I think you've got a lot of Fed speakers out there working the airwaves with saying that, you know, basically that the bond market's getting it wrong. I think the bond market, you know, is adjusting rates are, you know, 10-year yields moving back up to 279 here, still not anywhere near where it was. But yeah, the overall rally in the economy, some of the good economic data or not horrible economic data that we've seen. I think Nancy Pelosi looks like she's now exiting Taiwan. So that's good news. I think that is easing some of the fears in the market of some geopolitical event. I thought that that was more or less of a risk than the market thought, frankly. So yeah, I think you've got a drift memory. You've got a big number one data point of the week or the month coming up here on Friday morning. So you've got a lot of Fed members out there banging the table saying inflation is higher than we want and they've still got work to do. And so not surprising that yields have firmed up here a little bit and jumped. I mean, you know, they were below, Tommy, below 2.6 at one time yesterday morning. So I saw 2.57 on my thinkorswim platform. So yeah, a little bounce here in yields. We'll sell off in bonds. I ask you the important questions and they're almost an impossible one, man. So I appreciate the explanation because if anybody can explain folks how you have rates going, just like you said, from I thought maybe 2.5 was the next market, Kevin. We were so close yesterday and just like that, we're at 2.8 the conversation, man, in one day, 310th percent in the 10 year when it's just such an important yield and interest rate across of our economy in one day. We go forward on earnings, Kevin. You mentioned Friday, pretty remarkable. We're only 48 hours out from that event, which the market will look for. We get non-farm payrolls. We have earnings season marching on, some decent earnings from PayPal last night. Airbnb is a little lower. This is still an important week in earnings even after the big ones last week. What are you guys talking about on Fast Market at 12 today? Today we're gonna, yeah, you're right. We're at a little bit of a lull here after a really good, pretty good high profile day yesterday, Tommy, with AMD, PayPal, Airbnb, Starbucks. So today we're gonna look at eBay in the first segment of the show. The sales platform, then we'll look at bookings, bookings holdings in the third segment. And then like Bolio, we'll do a presentation on Penn National Gaming, Tommy. Ooh, Penn National Gaming. That catches my ear, man. Like a little gaming, a little gambling here and there. Keep it safe and respectable. But it's pretty interesting. They just passed, Kevin, I believe in Massachusetts. Got plenty of friends, of course, in Boston talking about they're gonna have online gaming, maybe even gambling, maybe even coming down by this NFL season. They can even bet on college athletics, but nothing in state in Massachusetts. As they get excited, the run this thing is had in both directions, man. And they are the owners of Barstool Sports among many different tracks across the country as well. But always an interesting 136 bucks. I know some of those stocks, DraftKings as well, they've gotten a little bit of a lift. Yeah, this week, maybe having to do with good old Massachusetts. There's plenty of gamblers in Massachusetts, Kevin. Jumping to the fan favorite Reddit HKD, Kevin. Can you give us a quick take on the craziness and what you'd say to anybody going on in this equity as it approaches, what, $300, $400 billion in market cap running up to $25.55. I got it up on the Thinkorswim platform. What's your take on some of this craziness in the Reddit phenomenon hits again? Well, Tommy, when you look at AMC, when you look at some of these names, when you look at some of these meme stocks, you gotta be careful with them. Why they're going up, the reasons that they're doing that. Now, there's still ability to trade them, right? Just make sure your long-term goal is, here's where I compare it, Tommy. When you're trading them meme stock, right? It's like a game of musical chairs. At some point, the music's gonna stop and you better have a chair ready to go in terms of managing your risk and controlling your risk and things like that. So just make sure the reason it's moving, and this is not stock specific. This is all meme stock. Throw any stock in that category into this. Make sure they're moving for the right reason and make sure your risk is controlled and defined because at the end of the day, a stock moving for the wrong reason like a short squeeze or for some reason like that, it's destined to go back to fundamentals eventually. When, I don't know, but it eventually will, Tommy. It's a great take. I appreciate you educating us all, man. I agree with a lot of what you said. Folks, if you are trading these, I mean, where do you put the risk on something at 2,000 that was just at 50 bucks? You better be prepared for that thing to be back down to 50 bucks if not even lower if you're ever buying this thing at 2,000. Yeah, pretty remarkable to say the least. Well, Kevin, we appreciate the time, as always, man. We'll be watching a 12 noon Eastern time today and you have a great one. We'll talk to you tomorrow. Thanks for having me on, Tommy. Have a great day. Always a pleasure. Folks, tune in. Today, they'll be talking about AMD. They'll be talking about Penn National Gaming, that gambling sector, man. And yeah, to you Massachusetts listeners and viewers out there, if you weren't aware, you're getting online gambling come, I think, the NFL season. They just passed it. They got to figure out the details, but I'm pretty sure they're gonna try and get that done by NFL season because they want the tax dollars. They're gonna come with it. You do get to bet on college athletics as well, just not in state. Probably a good thing to not have gambling on college athletics, even though college athletics is transforming pretty quickly with the name, image and likeness deals that some of these players are getting to a professional league. Nonetheless, it's still a college athletic team that you'd be gambling on. My big gripe as an online poker player is that they are not somehow including online poker. I imagine, as Kevin said, it'd be a matter of when, not if, applied to a different context, but online poker will come. It's just unfortunate that you're gonna be able to bet on. I mean, imagine, in Massachusetts, you can bet on a Rhode Island sporting event for college kids, and you can't play a game of online poker for five bucks. There's my online poker rant, but it makes zero sense, folks. And horse gambling has been legal forever, okay? Which makes no sense. When you go through the industry, horse gambling, you can sign up tomorrow and put a credit card down and probably spend every credit you have in there. So, doesn't make any sense. You can waste your entire credit card on a horse race, five states away somehow, but you can't play online poker. Do you know why that works, folks? Lobbyists, that's it. Online horse betting. That's a tough one to beat the Vega as well. And online sports betting, folks, you know? You spend, one of the coolest parts about online gambling, all right, to really bring it, you always wanna have your risk and check, is that you can gamble for a dollar. You can play a poker tournament for a dollar. You can bet on a horse race for 50 cents or something like that. You can bet on a sporting event for like 50 cents. You heard of Vegas, or I go to the Hard Rock in Tampa. They don't let me play $5 poker tournaments, folks. I think the cheapest one's like a hundred bucks and then you're getting reamed by the rake. 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From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at tfnn.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com. Welcome back, folks. You get the S&Ps. We open up 21 points, NASDAQ 100, up 76, the Dow Up 162. And just to finish that conversation because I was rushed coming into the break there. The point of it was when you were playing online, specifically poker, all right, poker is a game where you got 10 people sitting at a table. You have a person that you have to pay to deal the game. That person dealing the game is usually get a very small amount of money and they work for the tips from the table. Always tip your dealer when you win a pot, folks. That's how it works. When you're playing a cash game at the casino. But you play it online and all of a sudden the barrier to entry is much less because the casino could offer you a $5 poker game, okay, folks, but they would have to charge you like $5 to play it. So you could never ever win. That's the point. Whereas online, it's just a computer that's running the server that's running your game. So you can play a dollar tournament where they're taking a dime, a 10 cent, usually which is pretty standard, a 10% vague on maybe a tournament. So you can play a 25 cent tournament they have sometimes that are rake free for people with no money in their account. So on a Friday night, you play a $5 tournament with 1,000 people in it and maybe you're paying 50 cents to the house. Well, the house got 50 cents from every 5,000 players. They just made $2,500 to run that tournament on another server, which is very profitable. But in a casino, you can never run a $5 tournament with 1,000 people. Do you know what the costs are of running a 1,000 person tournament in a casino? You'd have to enter five to the prize pool and then pay the house 10 or 15 bucks to run that tournament per person. Anyway, so online poker, you can actually play it at a much less level. You can lose a lot less money. Being from Tampa and seeing the hard rock folks, the hard rock, the amount of money that people gamble in the hard rock, even on poker is extreme because the house needs to make their money. So they need to keep the games at a certain elevated level of about $100 to $200 buying so that they can take five to 10% of that and on cash games, they're taking 5% of the gamble every hour, which is a lot of money and people just don't see it because it's taken out of the pot versus actually having to pay. Okay, back to the markets. As a piece, we're up 24 points. The markets hold up where we open, you got crude. Look at that acceleration, man. Up and down and all around. Crews up to 96.50, we're back to 94.24. One final comment on that OPEC deal, before I jump away. We're all right, do I have it up? Yes, I do. So they're gonna increase, OPEC is increasing production by 100,000 barrels. That's their goal. Number one, they usually don't reach that status because that's proportional across all members and only the Saudis and the UAE, actually the ones they've delivered. The Saudis have ramped up to 10.78 million barrels a day last month. Okay, 10.78 million barrels a day and they're gonna add 100,000 for the whole group, which means the Saudis would add about 26,000. 26,000 is what they would add and they're pushing out 10.78 million barrels a day right now. So keep that in mind. Oil all over the place though on a volatile morning and as we have the markets catching a little bit of a bid. Let's check around to some of those stocks that had earnings last night. PayPal, with their numbers up 12%. As I mentioned, they have a buyback program out there, a big one along with some decent earnings. You jump over to Airbnb on the flip side of that. Trading lower by 5.6%, they do catch a bid though when they open at that Airbnb. Okay, I'll have to go back. I had an article up with them. Lighter than expected bookings forecast for the quarter. So that's what hits Airbnb. I wanted to jump to an interesting Amazon article. I have two up here. So first thing's a couple of Amazon and I am a Amazon shareholder in longer term retirement portfolio folks. We all are if you have an S&P or something like that, but even this equity up to 136 on their recent earnings, their ad business, one of the big highlights for Amazon. And if you look at it, they're their own ecosystem, right? So they aren't gonna get phased out of their own ecosystems advertising compared to the other advertisers that are dealing with the update from Apple, okay? That limits how much information and targeting those companies can do and the growth rate is shown at Amazon at 18%. Snap a surprising 13% to the upside. And then you see Google, Pinterest, Twitter and Facebook actually decreasing on that number. Now the one I was gonna get to though, check out this story. Lollipops hustle on Amazon cost family, candy business millions. So dumb, dumb lollipops. We're all probably familiar in our childhood, right? Rogue sellers are ordering dumb-dumbs from Sam's Club and resell them at a markup, undercutting the candy company itself and what they're selling it on Amazon. Now first of all, that's some pretty decent margins, man. They're getting on Amazon. If you're telling me that they're selling in Sam's Club at a price that allows people to buy that product on Sam's Club's website, then resell it on Amazon, which is what they're doing. It's pretty cool. At a lower price point than the company itself is making. Now the crazy part of it all is they're shipped directly from Walmart's Sam's Club. So these people literally take the order and order it on Sam's Club itself, ships directly from Sam's Club to the people. Price arbitrage scheme is what's happening on the marketplace and sellers get it done. They scour the internet for products with lower prices offered than actually on Amazon. They post the items on the website and wait for someone to place an order, purchase the product from that retailer and it ships directly from the reseller. They don't even touch the product itself. It is a violation of Amazon policy which prohibits merchants from shipping products from other retailers, but the perpetrators are betting that they'll lose detection amid the clutter of companies vast web store and it looks like they are. So the 500 pack is about 15 bucks in Amazon where they sell it exclusively a 400 pack for about 26 bucks. Isn't that crazy? So Sam's Club sells a 500 pack for 15 bucks and that same company is selling a 400 pack for $26. They can charge 25 on Amazon and pocket about six bucks after subtracting the fees due to the $10 price difference. Margin-wise it's huge. It's amazing that's going on, but nonetheless one of the things Amazon's gonna have to deal with, complaining to Amazon no longer works because by the time they have suspended a seller, they've popped up to replace them. It just keeps going. Yeah, that's always gonna happen on a company that big if you're offering the product at such a premium that you're selling it to Sam's Club members at a deep discount from what you're selling it on Amazon itself. Sam's Club is a great deal though, it is. So we got a membership in the house and we should go there even more often than we do. All right, jumping around to a little crypto micro strategy. Their CEO is now just the chairman. They're splitting the roles. He's gonna focus on Bitcoin while the chairman focuses, excuse me, while the new CEO focuses on actually running the company. He's gonna continue to serve as executive chairman, seller, he founded the company. They are in some big losses for Bitcoin to the tune of about $1 billion. Yeah, and I think they got, how many Bitcoin do they have on their roles? It's quite a staggering amount. When you look at the run this has, they say it in here, yeah, 129,000 Bitcoin. That's a tough one. He began investing in the summer of 2020, saw it as a hedge against inflation. Wrong, many people wrong in his defense. You could have said the same thing about gold, right? Did not work out. The company shares surged that year by more than 170%, but fell about 2%. Yeah, they're a little bit lower to say the least. MSTR, let's see how they're opening up. Up 5.3%, there's a chart for you. Up to 13.15, back to 295, stay tuned folks. 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This program is brought to you by VistaGold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back, folks. We have the S&P right now up 30 points, trading at 41.23. We jump around, we get the euro. Your U.S. dollar right now, you're trading at about 101.69. When we talked to Teddy on Monday, man, we're above 120, 1024. The yen with some action, and we're gonna talk to Teddy a little bit about the note and bond market. Teddy Kegstad, what's going on with the note and bond market, man? Wow, we got some good stuff to talk about today, and I'll tell you what, the people who've been reading the tiger forex report must be happy with the numbers, that's for sure. You've had some great calls, man. So even from the conversation we had on Monday in terms of notes and bonds with the letter, so congrats, man, and yeah, let's get into it. So where do we go, man? We got oil, we got notes and bonds, we got the market, where do you kick it off? Let's talk about the interest rates first. So the bonds spiked high, they rejected our upside target zone, they pierced it by a few ticks, and now they're three handles lower. So I think you really have to key off of what happened yesterday as far as the interest rates, and also with the dollar index. Either we put in the short, either this correction is over right now for the short term, and we're gonna start getting back to the regular trend at hand, or we're gonna take it out, and we're gonna extend this correction. And I think right now, we put in the short term top in the bond market, a short term bottom in the dollar market, and that's gonna definitely be what we're gonna have to follow over the next couple of days as we head into unemployment. And the question is, will unemployment be the accelerator and put us back onto these trends, meaning dollar bulls and interest rate bear, or is unemployment gonna shake up the market, and all of a sudden we have a lift in bonds, meaning lower rates and also a dollar that gets under pressure again. And I think that's the inflection point we'll see. But right now, I think I'm right now on bearish on bonds and I'm bullish on the dollar. So would that be looking for, you wait for Friday's number. I mean, in theory, you already have some Fed speak out here today, right? Saying 2.5%, 2.6% would probably not where we should be in terms of what the market was reading from Chairman Powell or maybe expecting. We're back to 2.8% on the 10 year real quick. So that would maybe lean towards we get some of that data. And I know you're saying that that is gonna drive it, but really looking towards the Fed probably still needing to hike and inflation persisting. If that scenario might play out with us, hike and interest rates given the dollar more strength and continue on that trend, would that be right? Correct. Nice. Crude oil this morning. So OPEC with the smallest of margins increase of 100,000 barrels a day, crude pops. And then we get a little bit of a give back. We've held kind of that critical area of whether it's 93, 94, 95 bucks on the lower side of there. What's your take on that crude acceleration today? I think it's just a peparelli moment from the news to be quite honest with you. I think that's all the selling and pressure is right now. I would be very cautious with it. I think that the numbers, when you really see what actually gets delivered and how things come to market, I think it's gonna be bullish on oil still. I think this is just a news driven or just a little bit of puffery, to kind of help keep the prices down, but it's not the reality is they're capped out. They're not gonna be able to produce. There's no way they can increase production to meet demand, especially moving forward and especially going into winter time. Yeah, and it seems like, and you make a great point because I was reading an article this morning, Bloomberg said of the increases they've had, really it's only the Saudis and the UAE, they really hit that number and you have all the other members that don't. And then you put those numbers in terms of where they end up on 100,000 barrels and you have the president just going over to the kingdom. He can't be a happy camper this morning. So it seems like the slightest of what they could do as opposed to doing nothing, right? Maybe with him being over there. So you take that for what it's worth, man, not exactly a price acceleration to the downside. How about the dollar yen, Teddy? We've had some action in pretty decent in both directions right now for the dollar yen. We're back to 133.66. We made it to 130 and change yesterday. What's your take on the dollar yen? I'm bullish right now. Like I said, at least moving into unemployment, I am bullish to dollar, especially in markets like the US dollar yen and the US dollar Swiss. They're the ones that had the most extreme correction, okay? So I think that they just, when you look at how markets go out and they come in just on a volatility basis, I'm very bullish on the yen and the Swiss right now. And where would you look forward to the upside? Can it really challenge almost 140 again? It's remarkable it was there July 14th after trade-off. Okay, well, let's say that I'm right on the correction being over. If that's the case, then yeah, we're gonna take out the high in the US dollar yen. I would look for parody in US dollar Swiss and I would look for every bit of testing 140. I think we could challenge that. And that would be in a short amount of time too. Remember, we have two months to a Fed meeting and if we can get through Friday and keep this trend intact, then that means we'll have confirmed that the correction is over in the broader markets. Yeah, it's gonna be interesting, man. Friday's number, which is crazy, it's less than 48 hours from right now. And then we get CPI next week. It seems like those two big numbers alone might really shed some light on what's going on here. And if the trends make it through there, man, what else is stepping in the way? At least for the foreseeable future with those two numbers, pretty important right now with what's coming down the line. And if CPI is higher, you know that the Fed's gonna have to raise rates. If CPI is higher folks, watch out, like seriously. Because it is remarkable that for all the talk we got out of the chairman's last press conference, the last data point we have is 9.1% for CPI, but it's so dated that it gives all of this room. It's June data, even the number we're gonna get to July, they're not meeting again until next month, September, so much data coming at us. What else? Anything else in terms of waiting for Friday's action that you're watching? As a forex trader, do you just kinda keep those trends that you talked about in place and then we wait for Friday and you take a look at what happens after the job summer? Yeah, right now I'm playing just a pure technical thing because the way I'm looking at it is if the market's reversed and all of a sudden, for instance, the dollar index, the low that they hit yesterday was a key level. Just like the bonds, the high in the bonds yesterday was a 50% move from the March high down to the recent swing low of a month and a half ago. So that's a really, really big pivot point. So like I said, either we've hit the end of the correction or whatever puts the propels us through that is gonna surge us to extend that leg higher in a big way, which is technically driven because remember, we've been talking about we have a divergence in the interest rate market versus the Fed. Rates are going up, bond prices are going up. How is that possible? So there's a rubber band of fact that eventually one of them has to give. Either the Fed stops raising rates and goes with the market or the market has to snap back. You can only be a premium or a discount in that spread between, and also you look at the interest rates spreads in themselves, look between the euro, dollar, the interest rate versus the, you know, the live or all these things are now at like inflection points that are crazy. You haven't seen the differentials like this in a long time. Yesterday, the tenure was almost tick for tick with the 30 year at the beginning of the day. That's a big deal. Most people don't look at the different, you know, usually the bonds are like, three to two ticks or maybe sometimes two to one, you know, but you don't have them one to one. That's, I mean, we're literally, the bonds are up 20 and the notes are up 20 ticks that just does not happen. You know, and when you do, somehow those spreads, someone, the money's gonna move. And there was no blowups at any brokerage houses. Usually the only time you have those occurrences is when you have someone where they have a big margin call and they have to dump one month or something or something like that. It gets a little distorted from one action. Correct. Yeah. You know, if you take a look at that 30 year as well, man, you put it on a monthly go back to 1999, the trend line that it is bouncing off, right? It bashes through that trend line and all it's done folks is just come back and just tested that line. And maybe that's where it goes lower. Our man, Bud Roff, the channel master and old technician at TFNcday, it'd say you break the trend, right? Then you wait for it to come back and test that trend. Right. Boy, if that's what it did, watch out folks on the 30 year. Right. Teddy, we appreciate it as always, man. You have a great one and we'll talk to you next Wednesday. Take care. You too. Folks, check out the Tiger port right on the front page of TFNN. Teddy says some great calls. Check it out. Sign up for it over the break. We'll be right back in three minutes, folks. TfNN has just launched their new trading room, the Tiger's Den, hosted at Discord. TfNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours. And now they are expanding their reach with the Tiger's Den available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. 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When you subscribe, you'll get a weekly report from Veteran Day Trader Larry Pezzavento on stocks you need to pay attention to and you can trust Larry's analysis. After all, he's got 45 years experience as a day trader. Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money-back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. tfnn.com, educating investors. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com. Welcome back, folks. Checking out on the market and we have an acceleration of higher prices here. Pulling up the numbers, you're talking about an S&P's up 31 points, NASDAQ 100. Check out that bit. We're talking about the highs of Tuesday and Monday though. Coming into an area, 13,100, folks. What did we hit yesterday? Did we like almost get to within a point? Within three points. And we just got above that level, 13,108 is the high of Monday as markets accelerate. Let's check in some of those fang stocks. Let's see how they're moving. Look at Apple, up 1.8%. Amazon up 2.5%, continuing the run. Microsoft up 1.3%. Google shares up almost 2%. Man, Meta, what are they doing today? Up 3.5%. How's Arc, all those growth stocks? Look at this acceleration up 3.8%. Zoom shares up 2.2%. DraftKings catches a bid up 4.3%. Roku got pummeled last week. Yeah, Roku was in trouble, man. Down 1.9%. Why is Roku down 1.9%? Everything else is accelerating. Disney's up 2.6%. Uber continuing the acceleration up another 3.5% today after being up like 19% yesterday. Some of the other movers today, Match Group. Not so much, man. I'm not sure what's going on, but as they put it here, they are, let's see, lower than expected quarterly results. Top line growth will be flat during the second half of the year. Oh, and there, so the CEO of Tinder is leaving. Well, either way, that's stock. Second of the longer term. Yeah, watch out, man, that's crazy. I was an online dating site back to where it was trading at in 2018, and I say a dating site, they own almost all of them, the dating sites, that equity. But what else I wanna take a look at is Starbucks. Yeah, Starbucks, they were a little bit higher last night, I believe, and they give back a little bit. They're up 1.7% right now for Starbucks shares. Let's see how my microstrategy's trading. Up 7.5%, Bitcoin's up about 500 bucks. All right, folks, look at this market. Can't hold a good market down, man. S&P is up 35 points right now. Stay tuned, folks. We've got a man, Basil Chapman, he's coming up next, and I should have gotten there, folks. Go sign up for Basil's webinar, folks. It's a week from today, it's five hours. You'll learn his home methodology. You get his newsletter as well. The newsletter starts immediately while worth the 295 with the newsletter included. Check it out at the front page, TFNN. Basil's up next. Have a great Wednesday, everybody.