 Following is a presentation of TFNN, the morning market kickoff with your host Tommy O'Brien. Good morning everybody. I'm Tommy O'Brien coming to you live from TFNN 906am Wednesday morning. We got about 24 minutes to go until the start of trading and you have markets dramatically higher yet again in the overnight session. Chinese stocks man you're talking about pops of 12% I think Baba's up like 27% this morning from a few comments from China S&Ps right now trading at 42.91 folks you're talking about 200 points down from Friday to Tuesday and you're talking about 200 points up from Tuesday morning at five in the morning you're talking about barely 24 hours we'll call it 28 hours to be exact from 41.29 you almost make it up you make it up about 180 points to be exact of 43.11 we've given up about 20 S&P points from there 42.91 NASDAQ 100 up 178 points how about 750 points in the NASDAQ 100 Friday to Tuesday to today get it back pushing this back on a 30 minute going back 10 days I mean you see the volatility we've had folks two ways in this market just remarkable the accelerations we've had in both directions the Dow how about 1200 points just from early yesterday at 32,600 we just reached 33,800 we give up 100 points pretty quickly we're at 33,705 you got the Russell up 1% right now as well as well the Russell folks trade up 75 points from yesterday morning quite a move you got Bitcoin back about 40,000 this morning at 40,325 you jump over the crude catching a little bit of a bid yesterday 93.53 was the low we're right near 100 bucks again at 98.81 we'll be talking to our man Teddy Keg stat coming up at 40 past the hour from forex-trading-unlock.com we'll be talking some forex always talk some crude oil as well with Teddy and we jump to gold 1921 golds kind of been chopping around since yesterday and we jump to the all important notes and bonds on the day that we get a lift off folks not often that you get to say today is the day the Federal Reserve will begin raising rates coming out of a pandemic that they've been providing basically 0% interest rates for the better part of two years not even the better part let me take that phrase out that little word out of it for two years period end of sentence today's the day they lift off in the markets expecting about six to seven rate hikes right now coming into today's meeting press conference at 2.30 they'll get the announcement at 2 o'clock so announcement at 2 o'clock chairman Powell press conference at 2.30 boy I got some tough competition at 9 a.m. this morning because not often that you get a wartime address man as Zalinsky going to be speaking to U.S. Congress in a moment he may be speaking right now they were getting ready for it when I came on the air he will be making an address to the U.S. Congress president Biden going to be talking after that the interesting to see if anything comes out of those two speeches not sure you'll see any headlines may move the market too dramatically I mean in this one right here you're talking about fresh bombings of homes apartment blocks collapses of apartment blocks in the Ukrainian capital today the same time that you see Russia potentially saying that there's maybe some room for a compromise all the talk out there talking about a neutral Ukraine maybe something that's up for negotiations but nonetheless pretty interesting as you have an address going on right now from president Zalinsky over zoom I believe to the U.S. Congress all right let's jump to some of the fang stocks and see how we're trained this morning you got Amazon quite the acceleration yesterday you're gonna open about 30 bucks higher on Amazon that's about 1% pop with the market up about 1% as well we jump over to Google Google shares right now 2627 we jump to Microsoft shares Microsoft pushing 289 we jump to Apple shares up about $2 at 157 I mentioned some of those Chinese stocks man we've been talking about it yesterday and quite the pop we'll get into this a little bit later as well $15 you're talking about 20% from yesterday's close almost on Baba JD.com similar action you spike from 45 to 57 what is that 12 bucks that's more than 20% on JD let alone where you were at 40 bucks just early yesterday I would be very hesitant though on that one folks you put this thing on even just a year can you barely find a bit on that chart percentages on small numbers can be deceiving I'm gonna show you where we are back on this chart folks we're back to 57 bucks on JD.com that only brings us back to where we were trading at on March 8th eight days ago let alone the slide to 41 bucks over that time pretty remarkable acceleration going on in China though to say the least I think do I have those headlines up here now I'll have to pull up the other one that I had in terms of the exact wording of the statements that were set out there somewhat vague but somewhat reassuring that China may be coming to the rescue for some of those capital equity markets in a Max Payne situation alright jumping around to metals the LME yet again quite an embarrassing set of events going on system errors this time triggering fresh chaos as the Linden metal exchange suspends nickel trading once again investigating a technical glitch it's gonna retry and open it as soon as possible trades at executed below the lower daily price limit would be canceled I am not a programmer folks I have some background in terms of experience with programming or working with programmers with TFNN and at our website of course but I'm not a programmer but it seems like it should be pretty simple if you're a exchange of any sort deciding the parameters of where something is able to trade if then statements are the basis of my understanding of simple programming going back to a TI-83 calculator folks if those are familiar just embarrassing to put it very lightly trades executed below the lower daily limits going to be canceled suspension of nickel trade represents another embarrassing setback I mean just embarrassing to say the least I mean that's not how you run an exchange folks they're gonna be just having trades that go off and they have to cancel them the whole point of having the exchange is that they're supposed to be the ones that are running things to make sure those things aren't happening but nonetheless it persists after quite a debacle with the nickel already Starbucks the CEO is retiring and Howard Schultz he's gonna be back as interim chief he's done this a few times I think so the CEO is retiring after five years on the job Howard Schultz he's gonna return as interim CEO once again taking the helm of the company he elevated into a global brand Starbucks hopes to find permanent successor for Johnson by this fall the CEO shift falls against the backdrop of growing efforts among Starbucks employees to unionize jumping over to their chart now I'm not sure this is exactly having to do with the CEO or just the market in general you got Starbucks up about four bucks that's only half a percent there's your acceleration from yesterday to 78 to 82 you jump up to 90 bucks potentially you're back to 87 for Starbucks whoops nuts to put things on a weekly quite the pullback for Starbucks man COVID loads of 50 bucks to 126 took a look at this this morning on a Fibonacci basis right back to that 618 folks how about that right I mean what's the low here 7892 and I got on my chart 7913 so what are you talking about 821 cents away from that exact 618 when you go from 50 bucks to 126 you back it up to $79 from there we've bounced to 87 right at the 618 for Starbucks shares Nike jumping over right to the fifth 50% interesting action on Nike they got an upgrade yesterday back on a 15 minute yes I'm not too much of an acceleration yesterday and you're popping a little bit but Nike struggling stay tuned folks we got about 15 minutes to go until the opening bell I'll be right back so stay tuned everything in the universe is governed by the Fibonacci sequence this mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market to stay on top of stock patterns you can take advantage of sign up for the Fibonacci 24 7 newsletter at tfnn.com when you subscribe you'll get a weekly report from veteran day trader 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biggest news of the session which is remarkable as we lift off from zero interest rates from a pandemic good morning Kevin good morning Tommy O'Brien yeah there's a lot going on this morning ahead of a Fed announcement and his press conference you know Tommy the actual announcements from the Fed won't be much of a surprise frankly I think he's been very clear that he's going to raise the overnight Fed funds right by a quarter of a point I think the part that is important the part that will drive markets the second half of the day is his press conference and how almost like a CEO holds a conference call he's going to give guidance to the future on what he's going to do with rates so yeah there's a lot going on this morning there's news out of China there's news out of Starbucks a lot of stocks higher this morning big percentages but the second half of this day is going to be pretty epic as well Tommy yeah I mean it's almost pretty wild we got quite a competition for eyeballs right now Kevin of course with President Zelinsky speaking to Congress kicks things off at nine in the morning of all times 30 minutes before the opening bell headlines coming out of that of course and yeah we the China stocks man I was chatting with you yesterday and quite the bounce we'll see if this bounce holds anytime soon Kevin Ali Baba up 15 bucks almost 20% JD.com up more than 20% on a few words over there and the markets pretty resurgent 40 points in the S&Ps right now Nasdaq 100 192 just from Friday Kevin we've had almost a 200 point move down in the S&Ps and a 200 point move back up in this market and Wednesday trading hasn't even started yet you mentioned Starbucks out there CEO stepping down the chairman Schultz going to step back in his interim CEO as he's done a couple times Starbucks up with the market today of all going on in this market Kevin you know whether it's fundamental takes out here technical takes aware we are we still have some companies coming up with earnings of course what are you guys going to be talking about on fast market coming up in 12 today Kevin well you know Tommy we try to stay as on topic as possible so the first segment of today show Tom White and I are going to cover Ali Baba and look there you go is it still tradable or untradable and then like for Leo's gonna do presentation on Dollar General and then we'll work on retail and earnings for the rest of the show but we're gonna we're gonna dive right into the belly of the beast and trade Ali Baba in the first segment today but Tommy I have a question I have a little something for a little thought for your viewers to think about 83,000 employees that they have no clear their CEO and every time they have which I'm sure this isn't a shock how do they not have a clear successor in mind and why is it that they have to do a national search and bring in their own CEO I find that fascinating that they have so little preparation yet the stock is higher this morning on that news maybe it's just the cynical trader in me Tommy but that doesn't sound like the best way to run a company to have no clear successor yeah because he had to step back in there a while ago now again right to write that ship for a while when they had what expanded too quickly or whatever it was he came back in as the CEO kind of right of the ship the stop took off again time passes by so quickly I forget the year it was but you would have thought Kevin is a great point because you know I saw the headline today and the first thing I thought my mind is again right you know again always stepping back in again he just fills the hole I guess anytime a CEO steps down the one saving grace maybe is that he's done such a good job right that the market maybe forgives the what you're talking about that come on where where's somebody else in line after mr. Mr. Schultz does not want to be the CEO CEO has a lot of details man he's the chairman he's done so much kind of tough to go back into that detail role but yeah interesting man especially after we had to do it again right you think if you did it once you write in the ship you'd make sure next time around that you don't have to come save the day but nonetheless Starbucks and man on this chart Starbucks all the way back Kevin I got to go back on a three-year weekly right now in the thinker swim platform from 50 bucks at the lows to 126 we write back to the 618 Kevin of that entire move with an almost 20 cents 7913 I have that 618 on my chart with a low of 7892 we're now trading at 87 bucks just that quick well Kevin man we appreciate the conversation appreciate you taking the time to start the trading day with us should be a wild one to put it lightly man in the trading day and we'll be watching at 12 today with you and Tom White we appreciate the time Kevin always a pleasure Tommy thanks for having me on you too Kevin take care folks tune in every trading day what we have going on with this market right now is an outstanding time to be watching Kevin's program fast market because you need some volatility folks to be a trader and when you're trading options especially volatility can be a trader's best friend is how the phrase goes and man we got volatility as my dad would say in spades folks we jump over to the Vicks I mean talk about a sustained level in the Vicks this is a three-year weekly we go back to the COVID highs of 85 bucks if you take out that high okay I'm gonna put it back on a daily for a second I'm gonna take out the $85 high for some context here of very sustained elevated Vicks from the first to the year and not surprising when you get the Nasdaq in bear market territory as of a couple days ago I think we might have pulled ourselves out of there by this point but yeah very elevated levels where we haven't seen a Vicks below 20 since almost the beginning of the year and we haven't seen a Vicks at 20 since almost February 9th you're talking about five weeks ago the Vicks was at 20 and we accelerated higher we've had two spikes of 38.94 and 37.79 we were also back up to a high of 37.52 now back to 28.89 right now in that volatility index remarkable S&Ps drifting a little bit higher during Zalinsky speech to Congress we're trading at 42.99 no real dramatic moves and nothing too dramatic expected really in terms of his pleas his expectations we'll see the headlines as they come out he's gonna be asking for aid he's probably gonna be asking for a no fly zone which is probably a non-starter right now we'll see how that goes we'll see what president Biden has to say after that as well if that can move markets interesting all of this going on as we come into the opening bell not often right would you have this type of action at 9 a.m. Eastern time coming into the opening bell and then you add on top of it a statement at 2 p.m. press conference at 2 30 Kevin put it well statement we could probably write the statement ourselves press conference different story we'll see what happens my estimate is that everything is so out in the open right now folks they've kind of made their path clear as of now as the data dictates now the data dictates now the economy is strong the data dictates now inflation is out of control they got a hike they got a high quick and chairman Powell has stated this economy is different from the last time they had tried to lift off okay this economy can handle the rate hikes as they lift off but what he always says is if the data changes we will change I think that's what you're gonna hear again he's gonna say you got a lot of volatility out there you got a lot of unknowns okay I mean you have a wartime address to Congress on the morning that the Fed is gonna lift off and start right hiking for six or seven times there's a lot of unknowns in this and you're gonna hear the chairman talk about that I'm sure but he's probably gonna say as of now we will be data dependent you never know what the chairman man we'll see there is a lot of all the volatility and unknown stay tuned folks we'll be right back for the open are you having fun trading the markets but having trouble finding like-minded individuals to discuss your trading and investment ideas with become an apex predator in the trading markets and join the Tigers then trading room only at tfnn.com the Tigers then is an exclusive trading room where successful traders from around the world come to exchange trades and ideas join the den and surround yourself with these sharpest minds in the trading world subscribers to the Tigers then are also the first to have their questions answered live on air and can privately chat with our tfnn hosts live during their shows interact with other Tigers and Tigers is as they share trading ideas news analysis and discuss the market action all trading day subscribe to the Tigers then 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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 we got markets open and we get the S&P's up about 41 points right now at $42.94 all the markets holding pretty steady from where we were coming into the open you got Bitcoin back above $40,000 right now we got crude up a buck $75 at $9801 we talked about in our Manatee cake stack coming up at 40 past the hour during the next segment goal off about 10 bucks at 19-20 we check in on notes and bonds right now you get the 10-year with down three ticks we catch a little bit of a bid right now from the lows but you're talking about a 10-year yield right now 2.16% just remarkable how this market just reprices things in dramatic fashion putting things back just to see the spike we had a little bit more than a week ago Sunday night you're trading at 129.04 folks you traded down almost five full points in the 10-year over the period of about six to seven trading days can't overstate how big of a move that is when you look at the acceleration and that pushed yields from a 1.6 handle we're in the higher 1.6 is 1.687 something like that correlated the yields when we open a week ago Sunday night and you're now sitting at almost 2.2% folks that's over half a percentage point to the 10-year in the span of about six days but guess what it had to happen because the hikes are coming and they starting today to put it lately alright let's jump over to the Chinese story I was talking about and everybody's talking about China stocks jump most since 2008 a state council vows support the let me get the exact so you have the enterprise index that's tracking mainland companies listed in Hong Kong up 13% yeah JD was up about 22% the I watering rally followed a report by the official Jinwa news agency that China will keep the stock market stable and support overseas share listing citing a member chaired by Vice Premier Lu He the comprehensive statement also sought to resolve other woes that have plagued the market particularly concerns over Beijing's tech crackdown saying efforts to rectify internet platform companies should end soon the market taking that and running with it man that's all it takes and you got the market up double figures you got some of the biggest players up there up 20 plus percent Baba giving back some of the gains but still up about 17% right now JD up 21% right now from 40 bucks to 55 just over the last two trading days remarkable all right let's jump around to some of the other headlines we have going on mortgage rates as we talk about rising yields we got the average contract interest rate for a 30 year fixed mortgage conforming loan balance that's 647 thousand bucks or less increased a 4.27% from 4.09 for loans with a 20% down payment applications to refinance a home loan yeah those would be the most sensitive fell 3% for the week seasonally adjusted 49% lower than the same week a year ago excuse me mortgage applications to purchase home rose just 1% for the week and we're 8% lower than the same week one year ago retail sales out this morning as well soften as high gas lean costs begin to bite watch out so retail sales slowed in February after a surging month earlier suggesting the consumers are pulling back spending in some categories as inflation limits purchasing power not surprising folks that number at the gas pump it hits us all the value of overall retail purchasing increased 0.3% after an upwardly revised 4.9% in January excluding gas stations sales fell 0.2% in February so all of the increase coming from gas stations if you take them out you actually have a decrease in retail sales median estimate was calling for a 0.4% gain in overall retail sales number comes in at 0.3 and again ahead of the Fed decision today let's see what else I got pulled up here before we jump to the stops making the moves yeah let's do it let's go down some of the equities that are moving we talked about China NVIDIA gets a bump how about NVIDIA yesterday I think NVIDIA was up 7.3% or something yesterday these stocks there's a move for you from 210 yesterday early to 230 at the close and we're trading up another 1.6% right now for NVIDIA shares they get an upgrade I believe it was yeah Wells Fargo adds it to its signature pics list the firm anticipates upbeat announcement from the video at its upcoming investor day and also said the recent market down draft has helped create a favorable risk reward profile video was one of those that really started to stretch the echelon of multiples when it was up at 346 I mean folks you can see the earnings per share on this thinkorswim chart it's pretty cool right you get the earnings and you also have their dividends okay so they have a looks like they had a 16 cent dividend maybe they're cut to a 4 cent dividend back here but nonetheless you see their earnings okay their earnings what do we got three bucks three bucks a dollar a dollar add them up that's 8 bucks in earnings okay and you're trading at 350 dollars per share all right at a PE of 10 you'd be trading at 80 right huge huge multiples I think they were even bigger than that because I'm tying in the three dollars here if you look at forward earnings you're talking about a dollar a dollar a dollar earnings multiples man through the roof on NVIDIA at 346 maybe getting a little bit more attractive now up 1.5 percent today so Pfizer and BioNTech they've asked the FDA to approve a second booster dose of the COVID-19 vaccine I believe this is just for people 65 or older or immuno compromised at this point the decision could come in time for an autumn vaccination campaign you have BioNTech trading higher Pfizer barely higher with the market as well micron gets a double up upgrade to outperform from underperform Bernstein said the Ukraine conflict won't result in any significant memory chip supply or demand destruction while also noting the recent sell-off again and other semiconductors creates MU right yes MU micron up 4.7 percent you take a look at the 15 minute I mean you're up 12 13% just from yesterday's low you take a look a little longer-term timeframe yeah more attractive at 75 than you were at 95 just less than one month ago almost one month ago exactly man these pullbacks these chip stocks so Spotify they're gonna team up with FC Barcelona Stadium and shirt sponsorship deal and we got some other companies out with their numbers today lands and is out with their numbers they missed 10 cents versus 21 cents revenue fell short as well they're down about 10% pre-market we'll jump over to them in a moment and not familiar with shoe carnival maybe I should be their lower as well despite an upbeat quarterly report which sought beat estimates on both the top and bottom line for your revenue and profit forecast range was largely but not completely above the estimate and a 29% dividend increase but guess what SCVL let's see yeah they're up 6.2% right now you accelerate higher you give back some of that and lands and look at that they clawed all back down only 2.4% I guess not all of it but you were down to 1390 when that conference call began for lands and right now you're trading at 1536 all right in the market it's running folks it's pushing near the all-time highs are not all time not even close pre-market highs of 43 10 about we're back to 4307 putting this on a one minute chart just to see the acceleration right out of the gate folks 930 we're trading at 4292 S&P's trade up 20 points on the open right now let's jump around to some of our stocks see how they're trading get Amazon up about 7 10th percent right now we jump around to some of the stocks that have really gotten hurt see how they are rebounding Peloton had quite the day yesterday but don't call it a comeback just yet give him back some of those gains man Peloton you trade up yesterday let's put it on a five minute to get the run you closed Monday at 20 bucks we closed yesterday up about 10% but guess what today you're giving it back zoom comes to mind up 3% today Roku been punished up 5.7% today all those stocks catching a bit but man they talk about punishing prices Roku 107 stay tuned folks we coming back with our man Teddy keg stat we'll be talking some crude talking some forex we'll be right back are you in the market for buying or selling real estate in the Bay area including the surrounding St. Petersburg Tampa and Clearwater markets Tiger real estate LLC is a firm that has extensive experience in the Tampa Bay area whether you're looking to sell your current property for maximum value or you're in the market for a second home or investment property Tiger Realty has the experience across all areas of real estate in the Tampa Bay area to help buyers and sellers make the most informed decisions across all price levels from the 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off Teddy I know we always talk crude it's back near a hundred bucks almost that market pretty wild lately but where do you want to kick things off this morning well it's Fed days let's start with the 30-year and then we'll move into crude because it all comes into play together so perfect we had that nice little rally in the bond market when the Ukraine Russian conflict started a few weeks back and we were talking you and I two weeks ago I said be very leery of this rally it's a corrective move for one and we were we had that was we had two weeks away before the Fed meeting so now we all are anticipating a quarter point rate hike they're not going to do more than that because it's not vulgar and or not that kind of a Fed so this speak I think will be something to listen to over the next couple of weeks but we all know what's gonna come out of that you know they're gonna say the same blah blah they always do and raising rates is still gonna be on the table for the next six to eight months for sure so I'd be very leery of buying the bond market right now or the ten-year note market I would be looking to sell rallies and now today watch out if you're not in the market already don't even bother until tomorrow seriously you gotta remember you have rollover going on which you have means you have futures and options expiration going on in all the financials because they expire in March June September and December and then you have the oil expirations as well okay so with that just the mechanics of that going on with the Fed meeting going on you're gonna have a lot of algo activity okay so I would say for sure if you're not involved right now wait a couple days and then reevaluate things okay now as far as oil you know we've had a nice little reprieve but remember that the last time you and I talked we were coming off a week that just from Sunday to Monday a jump $15 alone you know and now it's shot all the way up to the 120s with 126 area so that's you know markets come out like they go in I you hear me say that all the time so this is just a corrective snapback you know and I would be very leery trying to be a dollar or excuse me an oil bear right now you know now we are at that friction point remember how I told this is before the Ukrainian crisis that once oil gets to that hundred to hundred ten dollar a barrel area and that was if we just grab it you know went along the normal slope that would start to restrict people's buying decisions you know which now we know for sure where yet we are in that you know we have this Ukrainian Russian crisis which is going on so that's gonna I think no matter what keep oil supported you know plus you have the rotation of the refineries in the U.S. so that another thing going switching from the winter to the spring crude or refining process would have you is going to also cause a spike you know in gas prices or at least keep them up you know so oil if anyone's wants to be a bear and think that we're going back to seventy or sixty dollars anytime soon I highly doubt that you know so plus you got to remember that we went from 60 to 126 in a very short amount of time so that correction that we had is just that okay so let's put this into perspective with the currencies so as far as we looked at with the Japanese yen hey we finally got the breakout I saw that getting ready for a man quite the breakout and gold reacting accordingly go for a man yeah yes I mean you know I've been long the U.S. dollar yen for months you know and boy it was really nice to wake up on Sunday and Monday and see the how this all got a nice little rally going you know so I'm very happy you know my quarter has been completed nice now that's quite a movement from 115 to 118 and like a heartbeat basically yeah right now remember I had 117 half as a short term target with 122 being a longer term target do I think we're going to rock it up to 122 anytime soon I think it'll be sooner than later but not that quick I think you're probably going to run into a little bit of resistance over the next couple of days we got until the Fed meetings over nothing is going to happen with the yen okay after the Fed meeting going into tomorrow and Friday's trade we'll see I wouldn't doubt that you see a little bit of a pullback but I'm a buy break scenario guy right now with that market because as long as crude is strong okay that's keeping that supported as long as the interest rates are hitting their lows the 30 year and the 10 year plus we if we do get the rate hike which is expected that you keep the pressure on the Japanese yen meaning that the U.S. dollar yen trade is going to be a very sustainable bull for a while okay now as far as the European currencies obviously this whole conflict is has an issue with that we have a short-term bounce in the Euro and also in the pound the Euro I would be very leery of that market right there I would look to sell rallies in that and do not try and pick a bottom with that at all because we could be trading down at 107 or 106 in the Euro in a heartbeat literally you know now the pound is a totally different story obviously they're supported by oil the interest rate equation does weigh on them but the Bank of England is also kind of on par with our Fed in least somewhat so I would be expected you're gonna see them raising rates as well which also will support the pound okay I have a short-term buy signal in the pound it was that happened as of yesterday's close but it does a short-term buy signal in a corrective correction is what we have right now okay so any upside move is supposed to be viewed as a correction but I can see it getting up to about 131.95 from the British pound U.S. dollar which will be critical if this market is going to be neutral or even remotely a short-term bull it has to cross that threshold if it runs in the resistance there then it can possibly be back on its lows very quickly and that pound U.S. dollar are you pulling that area Teddy from kind of the lows it had back in December like one there just that that area where do you get that 131 out of curiosity 131.95 or close to 132 where do you pull that from that's off the recent swing high so if you look at yesterday if you look at today today it said it or yesterday it said on a little bit lower low you had a bear a bullish engulfing line short-term buy signal now if you look at that last low the last high was a couple sessions before that that's where I'm getting the 131.95 I got it perfect okay March 10th I like it perfect and now if we cross the 131.95 then I think 133.25 to about 133.70 would be your your blow-off high which that would be good there's going to be an extended correction now remember the dollar's been on a tear it's very likely that after the Fed meeting we could see a pullback in the dollar it's going to bear it's going to be bearish but it's good to take some profits so that's very likely to happen it seems like all over this market Teddy it'd be good to take some profits or wherever you are right some of these I mean it's just you started off with the 30er man I've been talking about the tenure on my show just saying folks and and you know I consider myself somewhat young in the market and that's changing unfortunately over time but for what I've seen Teddy that move in six days you know not surprising when you think we have a Fed lifting off today for the foreseeable future but pretty surprising you can go from 1.6 percent and change to 2.2 percent almost over seven trading days basically where do you see let me put you you know this is the million dollar question if not even more we got about 30 seconds here where do you see this 10 year may be going over the course of the year obviously a lot can change but considering the Fed and their hiking path I would say that as far as a bearish continuation I think that you could see the distance that we've fallen so far this year I think is about a third of the distance we're going to fall before the end of the year okay we're only a third of the way there yeah listen I'm this a you know I big moves are possible we know with this market Teddy great to talk to you man we appreciate the education the conversation we'll talk to you next week man sounds great Tommy ever okay you too Teddy stay tuned folks and be right back to finish up the 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 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Petersburg Florida your investment can be anywhere from 100,000 to 500,000 you want to make 1,000 per year on $100,000 invested or 7,000 per year on a secured Tiger first mortgage the Tiger first mortgage program may be just the program for you the Tiger first mortgage program pays 7% per year paid monthly for more information you can call 877-518-9190 that's 877-518-9190 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 we got the S&Ps up about 60 points right now when you take a look at this chart I'm going to activate this trend line here really interesting to see where we go from here we could be approaching the upper boundary line of this channel line I'm going to extend that to the right you see the highs we had a 4808 January 4th you've touched a few highs from that point to lower trend line again battling the upper portion of that trend line at 4312 right now bottom portion of that trend line a little bit more difficult maybe it's towards the bottom that we had January 24th maybe a little litter your regression brings it a little bit higher in terms of some of those lows we've had nonetheless quite a bounce in the markets we'll see how it reacts today quite a day with a Fed announcement 2 p.m. Eastern time press conference at 2 30 with Chairman Powell alright jumping over to a little bit of what I just dropped this article I dropped it somewhere in here there we go perfect I got it want to talk a little bit about streaming I like Disney I like Amazon after the Major League Baseball streaming deals the battles for the two big NFL media properties comes into focus so the one cool thing about what they're talking about in here is that Apple just made a deal with Major League Baseball that they say around six hundred million dollars for a seven-year agreement interesting thing here is they get to show games on Friday nights they're going to stream them they're going to have a pregame in there as well and post game shows it's going to be free from local broadcast restrictions and it's not going to require an Apple TV plus subscription they're just going to push it out to everybody to make Apple a more attractive ecosystem maybe eventually they put it behind Apple TV but really surprising when you think about that reminds me a little bit of Amazon Prime okay now yes it would be for Prime subscribers but what they talk about here is the NFL Sunday ticket it's coming up for grabs in 2023 right now Direct TV still has that Roger Goodell has already said they're seeking more direct to consumer models around Sunday ticket people say it might go for 2.5 billion Amazon looks to be in the lead it might go as much as three billion dollars folks three billion dollars is not that much money to own the complete NFL ticket that's my opinion there's nothing like the content in terms of live sports out there and the NFL at least in America they got a lot cold on that in a big fashion not a lot three billion dollars when you think about how they could change the whole landscape of streaming for that platform thanks for starting your day with me folks stay tuned we got Basil coming up now did he show at 8 a.m. live programming for the rest of the day folks it's gonna be a great one stay tuned