 The following is a presentation of TFNN, the power trading hour with your host David White. Call now toll free at 1-877-927-6648 or internationally at 727-873-7618. Now David White. Well in addition of the power trading hour and continue to have issues with our technology today and not exactly sure what's going on but been battling last couple of days and today Skype is giving me a little bit of a problem but it doesn't really matter even if you're normally here at 2 it's okay if you're here at 222. The following takes place between 2 p.m. and 3 p.m. So power trading 40 minutes instead of that today. Okay so let me see if I can't turn that down maybe that's a little bit better biggest problem I have is there I go as I hearing myself a little bit and we can turn that up okay so what do we have going on today of course the Fed came out with minutes about 22 minutes ago and we're seeing the market respond and it's doing a kind of a big yeah gold I don't see a lot going on in the market we'll go back and take a look and update these then we'll go through a bunch of charts that we couldn't get to yesterday but as we speak down three on the S&P Dow down 58 Nasdaq down 13 Russell down let's call it 14 but yeah me not a lot going on there let's do a little history and then we'll come back with the rest and try to get everything worked out it is nothing but history repeating and see what we have on this and that is what oh on this day in 1995 IBM completes a three point five billion dollar buyout of Lotus development the producer of the once dominant law Lotus one two three spreadsheet software and then popular node Lotus notes group where IBM had hoped to leverage Lotus one two three to challenge the increasingly demanded Microsoft Excel software but at last there was a little slowing down to the Microsoft juggernaut during the 1990s Lotus one two three steadily lost market share and IBM finally announced the end of support for Lotus software in 2013 I was inflicted on with this software in about 1995 or six or seven and yeah I could tell you that it wasn't going very far it had problems from the get go but one of the reasons I wanted to talk about this is more about how many times buyouts actually work and not a lot I don't know if anything in the last I'm going to call it last five years but before that they regularly in many financial colleges do surveys and studies of buyouts and for the most part if they're really really big and really the point is just making monopolies they tend to work out fairly well if you're buying high technology like IBM buying Lotus the batting average is actually fairly poor depending on how you want to rate it somewhere between maybe 30% and 10% of these ever work out generally what happens is the people that get bought out the programmers who actually make all this stuff work and actually know how it all works go and find other jobs they always know that they're kind of the redheaded stepsister but yeah they find a new company that's not as bad anyway as we return try to get the rest of everything fixed back if you want to take advantage of this sector now is the time to subscribe to my goal report the goal report is a comprehensive look at the metals sector as well as the markets that move gold which is the currency and bond markets new subscribers get a 30-day money back guarantee so you have nothing to lose every Monday morning I publish the goal report with coverage of gold silver bonds the XAU HUI JDX as well as more than 30 different mining equities to see for yourself the types of profitable trades that 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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 as we continue on see if I can turn this up there we go uh we'll go out anyway what I wanted to do today was uh go back to uh what we had yesterday and that was uh looking through a lot of stocks so we're going to go back through these we started uh a to z yesterday so why don't we try uh try z to a today and we'll see how this is working um actually we looked at a lot of stocks that were bottoming uh wanted to check this one out to see whether or not it was topping or not yum china uh yu mc is it young mc or yum mc maybe they're getting all hip hop with us anyway uh looking at uh yum china yu mc not young mc may 31st $48.90 nine and a half million shares you got into that with less than half on july 1st of course going into friday maybe not the best signal in the world but certainly uh interesting that they're trying to run this thing going into the long weekend uh yesterday uh when the market moved higher this moved lower uh you only had about 4.2 million shares doji today so is this just working its way back into this double gap at about 45 uh for support uh one of the few stocks that actually was on the top side and trending lower interesting uh okay okay we continue to watch the market i know we got some questions we're up about 15 points now on the s and p cash we got some questions too here am i okay yeah just technical difficulties uh okay okay okay uh see instead of putting it in the put it all in this object i'm the man man man man devs in lotus notes about 10 years at a big four accounting firm making it do stuff it wasn't designed to do uh thanks endo okay so they liked it uh see attached i just sold the idea getting back lower depending i got this big screen picture here uh that we see and i don't even know how to make it smaller an email at the moment to actually oh he's just showing a declining wedge uh so yeah kind of like that um i'm going to say that for the most part i'm not going to put a lot of faith in what happens uh today uh i kind of like the story already which is today is delta neutral day for option market makers so when you have a shortened week in uh delta neutral it tends to start the day before they get a little bit ahead of the game why the volume is low so i think today is and probably through uh the end of the day is more about getting out of the way in case the fed notes today at two or something really big i have a feeling that uh many of the people that were short or that had uh uh put uh risk on got that risk off yesterday part of one of the reasons why we saw a little bit higher besides just fun buying coming in itself but uh generally on fun buying um if you get it on a fed day or something like this uh you'll see it in the very last 15 30 minutes of the day they'll wait and see what happens is there any kind of uh this is just the minutes so there's uh no uh press conference today so i'm going to say wait uh and before you really start making any kind of decision a big one uh we've got dave framing ham on the line how you doing today dave i'm fine at least it's sunny out uh um can you take a look at fcx report necron i am so you gotta you got a big abc on the way down what are you thinking here i think it's quite a bottomed out today uh why is that it seemed to will bounce off the 26 21 low okay that's part of it uh one to one abc takes you to 2506 yeah um i mean is that going to hit that do you think or it may and it may not well you're kind of getting a little bit of support here uh the thing that this looks like it's going after though uh that would give you a much better risk reward as if it tested this candle of the 27th of january yeah january 27th of 2021 uh the low of that day was 24 55 yeah and so i mean you're fairly close i think i've taken it and maybe today is the day you got uh how much you got 24 million but yesterday had 35 million so let's say you end up with 30 million today what is that uh how does that look back into that uh eventual gap up and the low of that uh big fat low out there we had 37 million shares on that low of the 27th of january 2021 uh the gap up had about 22 million shares on february 1st 2021 so i'm not gonna say that you had a lot of juice on the way up um that'd be the only thing uh i can't really tell you whether or not that's it but to me uh the risk reward would be so much better uh if you do go back and test that little gap right there and we'll go back and yeah let's do this where do you see that gap Dave uh there's it well the gap that formed that this is hitting now goes back to february 1st of 2021 okay okay and four days before that you had a kind of a a island reversal or a abandoned baby at the bottom whatever you want to call it but that had huge volume at 37 0.3 million shares that was on the 27th of january 2021 and i would say that your risk reward although you know it's not bad today the risk reward gets much better uh testing that low on lighter volume what was that low would you think well the low is $24.55 oh okay the higher that day is 26 21 so oh okay so you've got a little bit out here i mean you kind of got into it today right okay but i think you you know probably gonna get 30 million shares right yeah okay so uh you know you're trying to get in below 37 for that abandoned baby reversal candle uh two back here on the 27th of 2001 it's just that i've seen those uh reversal candles and why they're great on the upside they do get a high preponderance probably 80 percent retested and you're either going to get into the wick of that as i said uh is that right 26 dollars yeah 26 dollars and 21 cents which is today uh it's just barely touched uh i would say though uh let's take a look at just a second yeah are you in the market for buying or selling real 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the technology around us is changing every day with so much happening it can seem impossible to keep up with all the information david whites investment newsletter the technology insider is designed to give you all the information you need to understand the technology that shapes today's markets and tomorrow's future david white has made his living staying on the cutting edge of technology his weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade david delivers his weekly newsletters every friday with updates throughout the week you can get the technology insider at tfnn.com for only thirty seven dollars and fifty cents sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer try it risk-free today with our thirty day money back guarantee tfnn educating investors are china a shares hot or not if you trade china a shares now may be time to take a closer look trade chau or chad directions daily csi 300 china a share bull and bear etfs china a shares in either direction visit direction investments dot com today an investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing the prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus please contact direction shares at 8664767523 the prospectus or 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 four-side fund services llc this program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz and we're back yeah hopefully we're back are you still on the line there for us yeah david i was wondering there's a gap at 3383 on fcx going back a few a couple of weeks do you see that getting filled at all yeah that probably uh the high of 3230 back on june 28 uh yeah that would be that would probably be the retest back up there but probably um one of the things that i don't see is any real uh stop in the energy so yeah could you get four six bucks out of the thing you could or it could just be a 50 bounce um yeah what you really really what you really want is the volume to come out and since the energy came down much harder than it went up um i would say that more than likely you're going to have a consolidation before you have the market going back higher yeah yeah because i keep on looking at that gap there with the 3383 i mean it's up but it's doing all right today from the 2621 it's up to 2703 here you know okay yeah i just think that uh why are you long this thing now uh no not yet yeah i i don't think that there's a big hurry okay if uh if something didn't move yesterday on the way up or today uh of that then i think you're probably looking somewhere you probably should be looking somewhere else okay if fun buying didn't if fun buying didn't see money come in then the problem is uh that uh that could be an issue yeah i mean it's going up now i'm just wondering if it's got another couple of more days of upside here to fill that gap now i think it goes sideways yeah to me it goes sideways again the first thing you want to do is see uh if there was uh let's see what we have here is you kind of have an abc on the way down didn't have much of a reversal only about four bucks from june 23rd to june 28th and then it came down so see if you have anything in retracement's out here um kind of uh that probably the first thing you'd look at if you did go long uh was uh 618 is what about uh right at 30 bucks and there's a gap right there so that's where resistance probably gonna come back in if you do get a bounce i think that there are stocks out there that have much better possible returns so i'd probably just i'd look elsewhere okay okay thank you david thank you very much you bet thank you okay yeah i think i finally figured out the problem here and i thought it was bad cable it was not it is a new version of skype and i think i'm homing in on what's going on uh xom we were talking about how a lot of these energy stocks looked like they were starting to bottom out uh now xon did uh give a fairly decent signal today that is the test of the june 23rd low 83 dollars 52 cents uh 35 million it was called 36 million shares uh today it is pierced that low at 83 52 down to 81 oh one it's very close to closing above that uh 83 52 you're at 83 30 now again i think maybe a little consolidation on some of these but this one made bottom today so let's take a look at the xle okay and see yeah you got a little bit of a doji out here uh i don't see a lot let's go back and look at the longer term out here which i'm suspecting is one of the reasons this is in my list uh you had a big low on january 28th 2022 that is this year if you live in lutes 40 dollars at uh seven and a quarter million shares uh you pierced it today eh you may not get all the light volume you wanted this is another thing going back into the metals fcx and some of that stuff um the only good thing is you did come down on a little bit lighter volume you had a lot of gaps uh they're gonna act as uh resistance on the way back up uh but you need to come in today with uh or finish today with less than seven and a quarter million shares so is it done i don't know again not uh wanting to get in front of this train 8779276648 okay see what else we have here oh i didn't want to do that just clicked on the wrong spot okay uh and we have united states steel this uh has broken the previous low of what it says the 29th of june and you had about 11 million shares you really didn't get the volume when you did break that big low which was january 24th of 2022 this year uh you had 32 million shares at just a hair under 18 so you've kind of been going down uh on light volume here but again you need to close back above 18 bucks to really make any kind of signal but you are kind of dragging this out back into that low you are very close to a previous low too that had 56 million shares in the low and that low for united states steel uh is january 3rd 2021 that one had 56 million shares again your risk reward is probably going to go up significantly if you get a test of 50 or i mean 1608 uh with this kind of super light volume you're only 20 30 cents away i would say that that's going to come down there and test that extremely high volume low and as my uh mentors like to say high volume lows are not lows until they've been retested and this is really the first retest since that february 3rd 2021 but you're fairly close so that's kind of it okay okay and wti okay so we have here about 30 seconds wt offshore wti broke the previous low that had four and a half million shares at three dollars and 80 cents uh you broke that yesterday with six million shares so that did break that with volume he came down on bigger energy uh that is not looking good wpm wheat and precious metals we talked about these yesterday how many that they're in uh we'll finish this up with a couple more stocks uh but a little higher volume than you wanted from the previous low in wheat and precious metal so we'll take a look at that when we return this to gold owns and operates the largest undeveloped gold project in australia the mount todd gold project this to gold just completed their feasibility study resulting in a seven million ounce gold reserve this to gold has all major permits approved and has retained civc capital market assistance in evaluating alternatives and in completing an accretive transaction this to gold trades on the nyse american and tsx under the ticker symbol v gz this to gold executing strategy to create share holder value you might 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there weren't a lot of signs out there but now actually everything's starting to work as it should have seven or eight years ago so I guess you can always thank Microsoft for that anyway we were talking about wheat and precious metals when we left and you got into that previous low of what are we going to call that 34 yeah we're going to call that 34 39 which is the March third low at three million shares you hit that today already with three million shares so if you are thinking about maybe buying some of these gold stocks that did hit previous lows with higher volume it's not that much higher and maybe they're going to close above what is that 34 39 what's the last one here 34 47 so it's eight cents above it uh maybe you get a little reprieve and it bounces and then it comes back down and you get a light volume test but it doesn't look to me like there's any kind I've been waiting to see if I couldn't buy gold down here at the lows maybe you're going to get some kind of really blow out of these lows uh in the metals and some of these other ones and the precious metals anyway and that'll set up a low anyway uh we kind of uh soldiered through here today and uh we're going to uh we're going to lick our wounds and be back tomorrow same bat channel same bat time remember to sell when you can not when you have to building wealth trading in the stock market seems impossible