 The following is a presentation of TFNN. The Morning Market Kickoff with your host, Tommy O'Brien. Good Wednesday morning everybody. I'm Tommy O'Brien, company live from TFNN. Just after 9 a.m. Eastern time, we got about 24 minutes to go until the start of trading and you got markets in positive territory. We have remarks from Chairman Powell. He'll be speaking in front of the House Financial Services Committee today, market. Like in those remarks, as we accelerate higher, we get the S&Ps up 6-10%. You see the acceleration. We basically get everything back that we did yesterday. They got dip buyers out there. We reach a low in the markets of about 5,063 in the S&Ps. And just like that, we're trading up almost 50 points from where you were, lowes intraday, yesterday, S&Ps up by 6-10% in the positive right now. NASDAQ 100, we're up almost by a full percent. You're up 163 points. We're back above 18,000, 9-10% in the positive for growth stocks. The Dow right now, up about half a percent, 38,794. You're up by 187 points in the Russell, up by about 1%, 20 points in the positive. How about Bitcoin, man? You want some volatility? 70,195 was the price on the futures, right when I got off the program yesterday. You dive down to almost 60,000, you're back at 67,225 for Bitcoin, extreme volatility. To say the least, we got some volatility in crude as well. How about it? Look at that volatility yesterday, man, 77,52 is the low. We make it to 79,50 in the afternoon, and we just climbed back to 79,50. We're trading right now up a buck 15 in the price of crude at 79,33. You can't hold gold down right now, man. Gold continuing to rise. We hit an all-time high yesterday in gold. We spiked to 21,50 in the futures, and we're right back near that price level. No volatility, but gold up by $3 on the session right now. We got some, excuse me, we have some action on yields this morning as we have Chairman Paul's remarks. Now, remember, he'll be in front of the House Financial Services Committee today. He'll be in front of the Senate tomorrow. But usually when he has these appearances where he goes back-to-back days from the House to the Senate, the first day is the day that you could get some surprises. Not really. He's not in the business of surprising the market, right? But that is the day that you're going to hear from him. He usually reiterates what he either says tomorrow, or if somehow the market misinterprets what he says today, he gets a chance to correct it tomorrow. But don't expect any huge surprises tomorrow. Today would be the day usually where his words are heard and we'll see what happens. But nonetheless, we'll get into those words in a moment. You jump over to the VIX right now, volatility index backing off. We hit 15,10 yesterday on that market acceleration to lower prices. We spike higher in the market into the close. The VIX trading under 14 yet again with a 13 handle at $13.95. And yeah, we jump back to yields. With Chairman Powell in focus, the yields right now, we have a little bit of higher price, lower yield. We got a 10-year yield sitting at about 4.12%, 4.12% the yield on the 10-year. We got a great show lined up, folks. We got our man, Kevin Hinks. He's coming up after the first break. We got our man, Teddy Kegstad. We talked to him at 40 past the hour. Great day to have Teddy on this. We're going to have a little bit of volatility with yields. Currencies, of course. We jump over to the dollar index, $103.50, dive in lower, man. That's going to add to some of the strength in gold, of course. But we got dollar weakness correlating to a lower yield. So yields are dropping on the heels of Chairman Powell's comments. They're still looking for cuts sometime this year. We'll get over to them in a moment. But the Fed, they're still on track. They're going to be data dependent. But they still anticipate that it will be appropriate to cut rates sometime this year. The market likes to hear that verbiage. So we have lower yields with the 10-year at 4.12%. What's that doing? That's bringing weakness back into the dollar. You can see that we were just trading at almost $105 on February 13th. Just like that. We're at $103.50 right now in the dollar. And that, of course, helping the gold contract. Did you jump over to the gold contract? And look at where February 13th is, man. Absolutely remarkable, right? You trade basically from 2000 up to 21.50. We've had the dollar drop from about $105 to $103.50 during that time. So keep your eye on that correlation, man, as that's going to matter. You jump over to the dollar yen. This is something you want to keep your eye on as well. Look at the rollover. All right? Look at the rollover going on right now. We take a look at the five minute. Look at the drop that we just had. The yen just went from $150.60 down to $149.38 right now. And yes, so what is that? That is a stronger yen. That is a weaker dollar. And that is going to help the price of gold, as you see as we got gold, right near record highs right now, up by about $3 trading at 21.44. All right, let's get over to the headlines, and we'll kick things off. And we've got a couple of articles here, but we'll kick it off with a journal article. Powell says the Fed is on track to cut rates this year. Everybody pops the champagne, the market trades higher, yields drop, the dollar drops, gold trades higher. Yeah, pretty much. They characterized last year's inflation slowdown as notable and widespread. Some of the quotes in here from these remarks, rate cuts won't be warranted until officials have, quote, unquote, gained greater confidence than inflation is moving sustainably. Toward that 2% goal, yeah. Reducing policy restraint too soon or too much could result in a reversal of progress we have seen in inflation and ultimately require even tighter policy to get inflation back to 2%. At the same time, reducing policy restraint too late or too little could unduly weaken economic activity and employment. Well, he gives you both cases. We know the cases, man, and they're the ones that have to decide where we go from here. But nonetheless, yes, they still anticipate expectations that it will be appropriate to cut interest rates later this year. And there's just one word there, but officials want more evidence. Well, it's only March 6th. They got plenty of time for more evidence. They're still putting that message out there that cuts are going to be appropriate. And remember, we're at almost 5.5% right now. They can make the case, folks, that they can cut and still be in a very restrictive policy rate. That's going to be the message that they're going to have to convey. And those are just the remarks. He's going to get an opportunity for some question and answer. That's where things could get a little bit spicy in terms of going a little bit off the cuff, off the remarks. Nonetheless, we'll see what he has to say. He's in front of the House Financial Services Committee today. He'll be in front of the Senate tomorrow. And we get to see it all in action, man. Pretty remarkable. All right, we jump around to some of the big flyers. Apple shares bouncing a little bit off of the lows of yesterday. And boy, it was quite a slide, man, to $169.62. Apple shares were up with the market today. You got the Nasdaq 100 up about a full percent right now. Apple shares almost up a full percent as well. We're trading at $171.62. But boy, those headlines yesterday, man, I was in the office yesterday. I was talking to my dad. I'm talking to Jacob. I'm talking to Bessford. We're all talking about everything. Can't help but talk about Apple, talk about China. 24% slowdown in smartphone sales in the first six weeks of the year. And what you got to keep in mind there is that's old data. That is three weeks old data that goes back almost 10 weeks in terms of the first six weeks of the year. That data ends February 15th. It's already March 6th. What's been going on in China, man? They got a problem. And Huawei has eaten their lunch in China, the second biggest economy in the world. I thought yesterday might have been a little bit more dire for Apple, but you see the writing on the wall, man. They just dropped $30 from where this thing was trading at December 14th, and Apple folks has about 15 billion shares outstanding. I think it's 15.4 billion shares outstanding. Every $10 is $154 billion in market cap. So you're talking about almost half a trillion dollars in market cap from that high made December 14th. And that's at a time that this market has continued higher. Stay tuned, folks. We got a lot to talk about. We'll come back with our man Kevin Hicks from the Schwab Network. We'll be right back, folks. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them, using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money back guarantee so you have nothing to risk. For all the details and to start your subscription today, visit the front page of TFNN.com, TFNN Educating Investors. 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. 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Visit TFNN.com and try Mastering Probability, 30 days risk-free today. TFNN, educating investors. Welcome back, folks. We got the S&Ps right now. You're positive by 31 points. We got about 12 minutes to go until the opening bell and you see the acceleration, right? 2.30 a.m., we're basically right where you closed. It's been a one-way trip, man. We're positive by almost 30 points right now. The market, liking the release of those remarks from the Federal Reserve, Chairman Powell, he'll be in front of the House Financial Services Committee later this morning. He'll be in front of the Senate tomorrow, but nonetheless, the market, liking these numbers. We got markets in positive territory across the board. We got the 10-year yield right now, sitting at about 4.12% and to talk about some of the market action, folks, let's jump over to our man, Kevin Hinks, every trading day, 12 noon Eastern time. Fast Market from the Schwab Network with your host, Kevin Hinks, Tom White, and let's just jump right into it. So much for the negative market action yesterday, Kevin. Today's a new day. We got green across the board. Good morning. I think I might've lost them there. I'll let me know. What a bummer. Maybe we can get them back on the line. Kevin, you there, pal? All right, we'll see if we can get them back. Unfortunate. Maybe my producer can let me know, but I don't think we got them. We got the S&Ps trading at pre-market session highs right now. We're pushing 51-18 right now. Sorry, Kevin. Okay, we'll see if we can get them back on the line. Just let me know, Al, thanks, pal. NASDAQ 100, up 167, man. We jump around a bit. Let's see how some of the biggest tech stocks and company are doing. NVIDIA shares. We're looking at all-time highs on the open. How about it? $880, NVIDIA is just not stopping, man. You're up another $20 from where you were. Now, this one's an easy one, folks. You jump over 2.5 billion shares to the dot in terms of how many shares they have outstanding. We're dealing with video game-style numbers, man. 2.5 billion shares. This company is up $20 in the overnight session, folks. That's another $50 billion in market cap that is added to this company right now. At $800, you were at $2.0 trillion, okay? And so what are we talking about now? You're talking about $80, $160. You're at 2.2 just that quick. 2.2 just that quick. Absolutely remarkable, man. Is NVIDIA gonna be the biggest company in the world? They keep adding $50 billion here and there. They just maybe. You jump over to Microsoft shares. They're gonna catch a little bit of a lift this morning. Nothing compared to the slide we had yesterday, though. Microsoft shares. You're gonna be up by about a buck 50 on the open with a positive market. We talked about Apple. Yeah, they got some woes, man. Be careful on Apple. I've never seen something like that where you get the second biggest economy in the world, China. They sell their phones there to a dramatic degree and you're talking about a 24% hit in the first six weeks. There could be a monumental shift going on in China where they're gonna start buying Chinese goods versus American goods, okay? And if that's the case, you got a few companies that'll be in trouble. Apple will be one of them. And yeah, so keep your eye on that one, man. That story is not going away anytime soon. We jump over to Google shares this morning. Google gonna open positive by about a dollar to $134.65. You can jump over to Tesla shares. Be careful for Tesla shares, folks. Tesla shares, $179. I was talking about it yesterday, man. What happens as this equity potentially approaches a price level where Elon could potentially get squeezed for his shares in terms of margin. He is margin to his shares, folks, to be able to buy Twitter. And like we all know, okay, you margin your shares, they trade down to a certain degree. Now remember, and he takes a lot of heat for all the losses he took in Twitter, okay? But if he had just held his Tesla shares, man, he would have taken about a 50% cut already. So he bought Twitter for what, 55 billion or something like that. It's probably worth less than half of what he bought it for, okay? If you go to the mark-to-market in terms of what the shareholders of that debt, or the debt holders, you should say, are pricing that at. Yeah, Twitter's probably worth less than 50% of what he paid for, but you got to keep it in context in terms of he would have lost a substantial amount, okay? Anytime you see that type, insider selling is so important. Insider buying, insider selling, not a coincidence that Elon was making those endeavors back there when Tesla was trading at approaching $400 and nonetheless, we're at 180. But point being, he loaned those shares out at that price level, okay? So guess what? Be careful because the shorts are salivating right now. On a positive market day, you got Tesla down another 1% right now on the open. You're gonna open in the 170s for Tesla shares. And yeah, they got some problems, man. You just hit 176.84 and boy, can you imagine when the conversation starts shifting to the fact that he might have to sell his Tesla shares or put up more capital, margin call, that's how it works. You either re-up the capital or you sell the shares. That's how a margin call works. And it's somewhere around $100, things get a little murky and don't think it can happen, man. We just traded down from 260 to 180. You make that same 80 dollar move again and you're at $100 and there's $100 right there. They're a huge player in China. China's got some big problems out there to put it lightly as well as their economy. They're looking for 5% growth, but boy, China's got some issues, man. They're gonna have to stimulate that economy on all ends from the government if they're gonna reach that 5% goal. And yeah, as we see it, even Apple in the smartphone market, right? Apple losing 24% market share, excuse me, sales down 24% over the first six weeks of the year, but the entire smartphone industry down 7% over that time, okay? So Apple's got some issues to put it lightly, yes. All right, let's keep our eye on yields right now. As we come into the opening bell in about five minutes, you got a little bit of higher price, lower yield. We're pushing 111.14 right now, right where we were yesterday at 10 a.m. on that initial spike on the 10 year. We keep our eye on the dollar. Dollar index continuing to drop, 103.48. You jump over to that dollar, excuse me, dollar yen. That's where we're going. Yeah, continuing to drop as well on the dollar yen. Great day to have our man, Teddy Kakes, that on coming up at 40 past the hour. We'll talk a little bit of currencies, but boy, we got one high here. We got a second high and it looks like we could be rolling over. And boy, if you ever get a rollover in this market, right, we got a triple top here. The highs in the dollar yen going back to October of 2022, man, pretty remarkable in terms of we're right at that level. This is a weekly chart we're looking at and you see a potential little rollover, right? Barely had any red bars all this year and we got one red bar last week. We're extending that red bar this week. We're rolling over from basically three triple tops up there at the highs and that is going to impact the gold contract. As we have gold pushing up $6 right now at 2147. You put things on a daily, man. It has been quite a few days for gold. Back it up. Yeah, February 29th. What are we talking about a week ago? Less than a week ago. That was last Thursday, February 29th. Yeah, that's a week ago. We were trading at 2033. We're trading at 2147 right now in the price of gold as this market just continues to climb right now. Jump over to the VIX. The one thing about the VIX to keep in mind folks, my dad was interviewing Tim Ord yesterday. If you didn't check out the program, you can always find any of the interviews we do folks, any of the archive programs, just head on over to our YouTube page. Please subscribe to our channel completely free, okay? Get those notifications up there as well so you get notified anytime we go live. But everything we do, all the programs are archived there, all the interviews are archived there as well. Folks, we got all-time highs. This chart is a series of higher highs and higher lows, which is not usually the case when you have a market that is just chopping higher. We're sitting at almost 14 on the VIX. Meanwhile, we've got the S&Ps trading at 5120. Remarkable. We're coming back for the opening bell folks. Don't go away. Stay tuned, we'll be back in three minutes. Are you ready to take charge of your financial future? TFNN is your gateway to the world of trading and investing. Whether you're starting out or scaling up, TFNN empowers traders and investors of all skill levels with top-notch investing systems, strategies, and techniques. It's time to protect and grow your money with insight you can trust. Join us live Monday through Friday during market hours for exclusive content that moves with the markets. At TFNN, we bring the trading floor to you. Our seasoned hosts are here to answer your calls and questions live on the air. Check out the Tiger's Den for just $1 and follow us on YouTube and become part of our vibrant community. And remember, at TFNN, we're so confident in the value we provide that we offer a 30-day money-back guarantee on all new premium newsletter subscriptions and services. You have absolutely nothing to risk, so why wait? Tune in live to Tiger TV and transform your trading journey because when you know better, you invest better. Join us and experience the difference today. TFNN, educating investors. Currencies, commodities, and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex Report. Teddy Kegstad breaks down the forex markets every Monday using his 30-plus years of experience as a trading veteran of futures, forex, stocks, and options. Teddy releases his weekly Tiger Forex Report every Monday morning with coverage of all the major currency pairs, including the Dollar Index, the Euro Dollar, Pound Dollar, Dollar Swiss, Dollar Yen, as well as many more, and he also has weekly coverage of the crude oil market and the 30-year T-bonds as they both influence forex markets tremendously. 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To say the least, you got the S&Ps up by 32 points right now, approaching 51-20, get the NASDAQ 100 up a full percent, 18,114 Dow up 200 points right now. The Russell, up by 20. We keep our eye on yields to a degree. Ten-year, we're continuing to inch a little bit higher right now. You get the 10-year, up almost six ticks right now. That's giving us a 10-year yield of 4.12%. We keep our eye on the dollar, continuing to drop a bit. I guess chopping around at about 103.50. We jump back to gold right now, gold pushing 21.48. And yeah, let's talk a little bit of jobs. So Friday, we get non-farm payrolls. For the month of February, one of the biggest data points out there. And as a precursor to that, we just got ADP private payrolls. Those numbers rising, the headline, 140,000 private payrolls rising in February. Now these numbers can vary wildly sometimes in terms of the numbers you get for the ADP private payrolls for the month of February versus the non-farm payrolls we get on Friday. Private companies added 140,000 for the month and increased from the upwardly revised 111,000 in January. The market was looking 150, though. That's probably a good thing right now. Markets very worried that we're still hot, okay? If we're overheating, the last thing the market ever wants is for the economy to be so hot right now that the Fed has to think about actually hiking or even delaying and not even cutting this year. So if you see a little bit of, I don't even wanna call it weakness, right? It's still 140,000 jobs added in the month of February. Leisure and hospitality led with 41,000 constructions at construction added 28,000. Transportation and utilities contributing 24,000. And yes, this proceeds. The Labor Department is more closely watched non-farm payrolls release, which comes out Friday morning at 8.30 a.m. Yeah. So job growth, okay? How about pay? Pay increased 5.1% for those staying in their jobs. All right, now that number is always bigger if you're changing jobs, but still quite a number, right? That is the smallest increase since August of 2021. Now, yeah, that's a great deal in terms of where we are, but you still got pay increases on a yearly basis of greater than 5%, which is gonna contribute to a lofty number when it comes to the economy, when it comes to inflation, et cetera. Job gains remain solid. Pay gains are trending lower, but still above inflation. To put it lightly, that's ADP chief economist. In short, the labor market is dynamic but does not tip the scales in terms of a fed rate decision this year. Well, 140,000 isn't gonna do it, okay? Yeah. In recent months, ADP has consistently undershot, okay? The closely watched report from Bureau of Labor Statistics which showed an increase of 353,000 in January, more than triple the ADP estimate. It's wild, man. And what they're looking for Friday, about 200,000. So Friday morning, you're looking for about 200,000 in terms of what we're talking about there. And I gotta love it. We got our man, Mike, from Summelville on the line. Mike, good morning, man. How we doing? I need two days in a row, pal. I love it. I love to see your name pop up in that producer chat. What are we looking at this morning, Mike? Listen, Tom. All right. A good friend of mine, Eric O'Connell, who's from North Andover, has owned this stock for a long time. He's out there listening right now. He's a new chief and then listening to right now. I love it. Eric, hello. Welcome to the Tiger family, man. Eric O'Connell. No, O'Connell, no, Brian, we got the O's everywhere. Go for it, man. I love it. All right, Tommy, he's been in Palantir for a while and we go out with some news. And Palantir actually talked about it yesterday on his show, which is unbelievable. What a coincidence. What are you thinking about Palantir, buddy? Boy, you know, I know nothing about this company fundamentally beyond what I hear in the headlines, right? Quite an acceleration from $7 in change back there last May. We're pushing $25. You're up by 6.3% yet again today. You back things up on a three-year weekly and you're coming into an area. Let's back it up even more than that. Yeah, you're coming into this area that you might face a little heat. That's the only thing. You know, you put this thing on, you got to go back to the year 2021, Mike. And you're just coming into an area right now that you really chopped around for almost the entirety of the year with this higher range being about $25, right where you're trading at right now. Now, the beginning of 2021, you pushed up to 45 bucks, okay? But if you look at this thing, that's the only thing I'd say. I mean, longer term, you're probably okay. It seems like, you know, AI, they got a bunch of defense contracts. I mean, that's a good business to be in. You combine AI with defense spending. Seems like that's a sweet spot to be in for sure. Is this like a longer term deal for Mr. O'Connell? Is this a longer term deal or are we just trading this thing, you know? All right, what I wanted to tell you was Eric's biggest fear is that he's gonna sell it and it's gonna go nuts like NVIDIA or something. That's his, you know what, you know that to him, right? FOMO, right? FOMO. We're all about the FOMO, fear of missing out. Listen, you can't ever go wrong taking profits though. You know, I mean, maybe, wait, where is he in this thing at? Do you know, does he have a profit in here or is he in here for the long haul? He's in, he's been... No, no, no, he's in there. He's a very patient investor. I give him a lot of... Matter of fact, I'm taking him on as my trading coach right now, Tom. Cause I need some psychological help. The psychological aspect of trading is probably the biggest component, man. I mean, maybe you just take some off the table, man and you get a free position. You know, depending on where you got this, they got in this thing at, you wouldn't have to take off many shares to get your investment back. And at least you get that back, man. And then you got free shares and you can ride it. And then that makes the FOMO a little bit, you know, that's a much stronger hand when you know that you can't even lose money and you're only in a position for less than a year, you take out almost like a third of that position and you're paying yourself back for what you got into that equity, depending where you are. You maybe shave half of it off. I mean, it's quite a run, you know? And you are back to this area, man. You put that 25 bucks, that's gonna be a lot of... He said the other day, if it gets back... Oh, I'm sorry, Tom, I'm sorry. No, no, say it. He said the other day, if it got back to 25.50, he was gonna take half off. That's funny, you just said that. There you go. So that's, then do it, then do it, man. Cause the last thing you want is to put that out there in the universe, right? It hits 25.50 and you don't do it. That'll cause a psychological dilemma for sure. Cause that's hindsight. But yeah, if he's thinking that way, I'm thinking that way. And you got, listen, that's an area that you got a lot of people that've been in this equity for almost three years, right? And eventually they just got their money back. So it's gonna take a little work to get through that area right now. But hey, in the long term, like I'm saying, right? They're probably in a sweet spot in terms of growth. And yeah, he's probably right that this thing could have an acceleration at some point. So yeah, maybe you keep some feet in the water there and take some off the table at the same time. Hey, so what do you think about gold, man? I own a couple. I own a new mine. I'm gonna stay in it, but it's hard to hold on to a trauma up here and come on. You know that. This is crazy where it is. You know, I don't know. Look at Bitcoin what it did again today. I see BITO's up $2 right now. So I guess it ain't crazy. Well, Bitcoin's its own deal, man. The volatility in Bitcoin right now is, you know, I was in the office yesterday and we were having a Bitcoin conversation as well. We were talking about having that whole deal. But gold is not Bitcoin, man. You know, I mean, I think this run might be real, man. You can put some stops in there if you want because boy, we're gonna have some volatility. And my dad always says it, okay? Those gold equities, you can't just hold them forever, right? You gotta take those profits, man, because you get the volatility. Boy, we know some of those equities. They live and die by the prices and you'll see it happen. But, you know, you look at the dollar yen, man. You look, we're gonna talk to our man, Mike, stay tuned, all right? Listen to that, because we'll talk some gold, I'm sure. I always appreciate the call, man. Are you ready to take charge of your financial future? TFNN is your gateway to the world of trading and investing. Whether you're starting out or scaling up, TFNN empowers traders and investors of all skill levels with top-notch investing systems, strategies, and techniques. It's time to protect and grow your money with insight you can trust. Join us live Monday through Friday during market hours for exclusive content that moves with the markets. At TFNN, we bring the trading floor to you. Our seasoned hosts are here to answer your calls and questions live on the air. Check out the Tiger's Den for just $1 and follow us on YouTube and become part of our vibrant community. And remember, at TFNN, we're so confident in the value we provide that we offer a 30-day my-back guarantee on all new premium newsletter subscriptions and services. You have absolutely nothing to risk, so why wait? 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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. We got gold continuing to climb right now, man. We got gold up by $11, $21, $52, $70. We're making all-time highs as we speak. Always appreciate our man, Mike, from Somerville, Colin, into the program. And yeah, listen, short-term, okay, yes. You can definitely get a little bit of a pullback, folks, on a daily basis. This thing's just not stopping. You put this thing on a 15-minute basis. My goodness, are there even pullbacks in that chart? So yeah, we got a little bit of volatility. But the reason why I say, maybe we got some legs here, folks, if you ever get a rollover on the dollar yen, which we're getting a little bit of right now, 149.33, you ever get a rollover to any certain degree below this price level, okay? Then, boy, you are talking about some real numbers there in terms of where gold might be able to accelerate to if you really get yen strength, dollar weakness, dollar weakness could coincide with the Fed pairing some of where they are in terms of rates, okay? And we take a look at the dollar. Dollar is trading at 103.47 right now, but all things considered, you back things up for the dollar. Look at where we are in a longer-term basis, man. Okay, we are at pretty high prices in terms of strength in the dollar. The only area in this chart going back to 2004 where the dollar had greater strength was literally that one little peak you got up to 115. And if you recall, that was when the Fed was the only game in town in terms of US interest rates spiking, causing yields to spike higher, causing dollar strength to chase those yields, okay? The Fed was the first one to the game. And this is important to walk through for a second, okay? The Fed was the first one to the party. They came in hiking. The economy was strong enough to handle it. We were the ones hiking first, our Federal Reserve. That gave us a much higher yields versus many other countries that cost the globe. So what happened? You had capital flocking to dollars to chase that US yield, which had high yields. You hit 115, we've pulled back a bit, we're at 103, but boy, you could see how you go from there in terms of where we go. You trade down to 100, you trade down to 195. My goodness, right? I just talked about basically, you put this back on a daily, the move we just had from February 13th when the dollar was at 105 and we traded to 103.50, in that same time, the dollar has just pulled back a dollar 50 and you've had gold trade up $150, okay? So what happens if you have the dollar pull back to 100? Maybe you have the dollar pull back to 95? Well, I just told you, the dollar just went from 105 to 103.50 and gold spiked to $150. There are other factors going on. That's not the only thing in town, but boy, they are correlated. So keep your eye on that, man, because I think there is room, Mike. I think there is room for greater appreciation on that gold contract to higher price to put it lightly, which is remarkable, man. All right, now, when going back to the yen for a second, okay, because this is important to understand in terms of how to read a currency pair, okay? So here is your dollar USD JPY, okay? US dollar JPY, this is your dollar yen. Now, when you're reading a currency pair, folks, okay? The way you read a currency pair, okay, is that the first currency listed, which in this example is the dollar, that is gonna be considered your base currency, okay? The second currency is considered your quote currency, okay? Excuse me, so what you're gonna do is the simple way to do this, because people get lost. It took me a while to figure this one out. You said, oh, wait, the yen is going down. Does that mean the yen is weak? No, no, that means the yen is strong, okay? The reason why is the simple way to do it is add a one in front of the USD, this is how I do it, okay? That's your base currency. So what this is telling you is one US dollar is worth how many yen? That's how you to read currency pairs, okay? Throw one in front of the pair and it just makes things a lot easier. That's how I do it in my head, okay? One US dollar equals how many yen? Well, we're at about 150, okay? So right now, one US dollar equals 150 yen. Well, for simple math, what happens when one US dollar equals 145 yen? Well, what that has done is, what has that done? That has strengthened the yen and weakened the dollar, okay? At 150, one US dollar would buy you 150 yen. Well, guess what? Your dollar has weakened, that same dollar is only gonna buy you 145 yen, okay? So what has happened? When this number drops on the dollar yen, that indicates yen strength, which correlates to dollar weakness. And so when I talk about this, okay, you can see how the yen is about as weak as it's ever been versus the dollar, okay? So what happens if we roll over here, you're gonna see potentially the yen strengthen. Now, this is, they got a lot going on, right? They might begin in terms of their Federal Reserve Bank over there, okay, the Bank of Japan, how they're gonna manage things, right? So keep your eye on that one. And remember that as a simple way to convert when you're dealing with currency pairs, just put the one in front of it. That's your base currency. The second one's the quote currency. And I think it makes things a little bit easier to understand one US dollar equals how many yen? All right, and this is the same thing. You go to your US dollar, okay? You got one euro equals how many US dollars, all right? We're at about 110 right now versus the US dollar yen. We're sitting at 149.34. And we got the gold continuing to spike, man, 21.56. I knew it was gonna be higher because as I was looking at it, we had the dollar weakening against the yen as we're spiking higher to 21.56, man. Pretty remarkable how it is just not stopping. Okay, you wanna talk about remarkable. Let's talk about CrowdStrike, man. Check out this one, okay? CrowdStrike, get back up there. There we go. Earnings beat, strong, full-year guidance. Yeah, we are trading higher, man. They got a 2030 goal of $10 billion in annual recurring revenue, CrowdStrike. Yeah, we're up about 20%, man. Check out this chart, let's jump over to it. CRWD, CrowdStrike, 18.63%, you're up by $55. You make a low of $92 at the beginning of last year and you're pushing 352 for CrowdStrike. And yeah, jump it back to those numbers. Pretty good numbers, man. 95 cents versus 82 revenue, they beat as well. And yeah, they have net income for the past four quarters. Full-year revenue rising 36% from 2.24 to $3 billion. It's a big number there. Fiscal, first quarter revenue, they're looking for 900 to 906, better than the market was looking for and earnings per share is a beat there as well and they're still putting that number out there for 2030. Be careful when you look at a company's projection six years out, boy, that is a lofty projection to go that far out. Okay, what other equities we got moving right now? We got a few on their earnings, man. What do we got? Yeah, how about Abercrombie and Fitch? A and F. Yeah, they were flat coming into the opening bell. A little bit of volatility. All things considered a pretty lofty bar for Abercrombie and Fitch when you look at this chart, right? We were just trading at $22 less than a year ago. They're down by 2% today, but that is your weekly chart, folks, is to how about that chart, right? Abercrombie and Fitch doing well to say the least, man. I remember shopping in there when I was in college, man. Guess I should have bought some shares at the same time. All right, we'll talk about Abercrombie and Fitch when we get back. We're gonna talk Foot Locker as well. Not the case with Foot Locker. How about that? Down 24% Foot Locker? Probably heading back to the lows last year, man. They are in trouble. Stay tuned, folks, one more segment. S&P's up by 26. We got markets in positive territory. One more segment, don't go away. We'll be right back. The Gold Report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The Gold Report. Tom O'Brien publishes his weekly Gold Report every Monday morning for subscribers consisting of coverage of the XAU, HUI, GDX, the Dollar, Bonds, the South African Rand, as well as 25 different mining equities with specific buy-sell recommendations. The Gold Report. New subscribers get a 30-day money back guarantee so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices, selective stocks, and commodities. Subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. 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Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Folks, we got a charter foot locker up here and yes, so much for the open, man. They are selling foot locker and I can't blame them down 25% from where we were as of the close of yesterday and you jump over and it's some dire deals. Remember I was just saying be careful when they project out to 2030? Well, 2028 is pretty close to 2030 and if you're looking for 2028, folks, the market does not wait four years for your story to come to fruition, not for a company like Foot Locker. Maybe if you're some kind of growth company and there's some promise of the promised land three to four years down the road, but you're telling me I gotta buy Foot Locker and you're telling me that the profitability goal that they laid out during their March of 2023 investor day is gonna be delayed by two years, okay? That's their, yeah, finance chief saying that they anticipate talking about earnings before interest in taxes, margin of 8.5 to 9% by 2028. Well, here's the kicker. They just lost money in the last three month period ending February 3rd. They lost almost $400 million compared to making $19 million a year earlier. Yeah, excluding one time items, earnings of 38 cents per share, sales rising slightly to 2.38 billion, but how are they getting those sales? They're spending too much money, man. And that was one of the headlines out there. Heavy promotions leads to a holiday quarter loss. And yeah, I would be careful, man, when you talk about the guidance that they're looking for here, adjusted earnings per share for the current fiscal year, a buck 50 to a buck 70, the estimate was as high as 230, okay? For the fiscal 2024, expecting sales basically flat from down to up 1%, yeah, be careful, man, on this one. I don't even know how that business competes going forward when you think about it, right? Pretty remarkable. And yes, the writing's on the wall on that one, down 24%, we jump back to I have a company in Fitch, down about 2.4%, as they kick things off, CrowdStrike right now, up 18%, you give back some of those gains, but still pretty remarkable. And we jump around as we finish up the program to some of the fang stocks. Apple shares back in the red right now, and we gotta finish it up with gold with the run it's having gold, trading at 21.54. Folks, if you haven't tried out the gold report yet, what are you waiting for, man? Gold trading at 21.55. Check out my dad's gold report, folks. 30-day money back guarantee as usual. And don't go away. We got Basil Chapman coming up next, folks. Thanks for a great hour. We look forward to seeing you tomorrow. Stay tuned for Basil coming up now. Have a great one, folks.