 The following is a presentation of TFNN, the TFNN Bull Bear Training Hour every training day live at 10 a.m. Eastern. Call now toll-free at 877-927-6648 or internationally at 727-873-7618. The TFNN Bull Bear Training Hour. Now Tom and Tommy O'Brien. Welcome folks. Appreciate your growl and a prowl with us out here. We're flying a little blind. We just had a power outage in the office but we're bringing everything right back. That's right man. Let's go over to our man Mr. Kevin Hinks at TD Ameritrade Thinkers. Swim as we do each and every Tuesday, Wednesday and Thursday. And don't forget folks, every training day right here. 11 to 12 Eastern standard time outstanding program. If you want to understand options, option strategies, futures, he has it all. Kevin Hinks, what's going on? Good morning Tom. Good morning Tommy. I'll help you with some of the electronic stuff. I've got all the quotes right here guys. That's a beautiful thing brother. Even he's down five and a half, NASDAQ down 15, you know, target. What a great, you know what it's sounding like and I hate to say this and I hate to admit this. You either buy big box or you buy nothing because no one else, no other retailer can seem to make money in these markets. I mean this Nordstrom number was extremely disappointing and the Urban Outfitters as well. You know, you know, Urban Outfitters guys, this company is not my demographic. It's not yours. It's really it's it maybe it could be Tommy's and Urban Outfitters but there other brands like Anthropology and Free People, the young women that work here at TD Ameritrade love these products. Yes. But Urban Outfitters can't catch a bid here, can't beat on earnings. Nordstrom getting destroyed here down 10%. I mean pretty interesting. How about Lowe's? Lowe's having a tough time down 10% as well on their earnings myth, pretty substantial myth out of Lowe's but they beat on revenues. There's something you can take and they beat Home Depot on their comp sales. That's pretty intense. So that's one positive you can take from Lowe's but boy they lowered their numbers. They're full your guidance substantially and that's why the stock's taking a hit. That's pretty wild and we got this up. Thank God. Look at that 12 bucks. Holy cow. Yeah. Oh yeah, it's not good. They I think that that lowered guidance by them is not a good number even though the revenue beat expectations guys but they were light on the earnings per share and they're and they lowered the guidance for the full year. So Marvin Ellison is making a lot of moves but it looks like it's costing them some money to do that. Yeah, you know it's interesting too. I'm just pulling up told brothers Kevin. They came up with great numbers man and they're pushing it down. Yeah, I mean there's just and top barn but guess what? It's not mattering right now. It's not enough in the home but you know we talked about that on the show the other day. These home builders you know they've all had a nice little recovery here and some of the numbers have been okay and they've been doing well but once they get to earnings you know to hold these levels with with the housing market as we know it they're gonna have to have some rollout numbers here to hold here or they'll take a couple percentage points out of them I think. Yeah, you know and what it what it seems like the the aspect of you get the home builders really going higher. This Lowe's deal is going to be a big deal because if people have stopped doing over their houses that's you know cash that's basically getting staying in people's pockets right? I agree with that. I mean if you know Home Depot and Lowe's are very similar and they're both retailers right? But you can get a lot of information from their same-store sales and their earnings because people working on their homes is really or improving their homes pretty indicative to to how the overall economy's doing and though we're getting some great numbers in the overall economy they don't seem to be showing up in really this has been a retail other than the big box people right? The big four Amazon, Costco, Target and Walmart other than those four this has been a just a retail disaster this quarter. It's pretty wild that I mean Target's a fabulous store there's no doubt but it's pretty wild that Target can come in with good numbers when you know I mean Macy's is a great store, Nostrum's a great store but both of those equities there I mean they're toast man I mean it's sad it's like wow you know? I mean think about this guys if you look at at Nostrum today and here's the thing that made me trade it a little bit frankly is Nostrum is now $10 below where the Nostrum family tried to take it private a year ago February wasn't that long ago? Yeah $15 they tried to take it private and the board first they had a little trouble getting the right finance and they wanted and then the board said no to the price at $50 that's pretty intense for the Nostrum now to be trading below $34 is extremely disappointing. Yeah I bet the Nostrum family's happy no they wouldn't be happy I mean that's the reality but I know what you're saying though if they're trying to buy it cheaper it's working they might get it down oh my god you know the way this is working out here today folks this is actually breaking down pretty bad meaning we're breaking the end of the low end of this consolidation at that 35 bucks and yes 35 dollars is or you know where it's at now below 34 dollars is pretty right here you're talking about you're right 35 dollars pretty significant level here yeah and Nostrum frankly I was searching trying to get some kind of good news out of Nostrum and I couldn't find any yeah other than they think this is temporary and they can get it fixed but boy it's like several bad decisions made out of Nostrum yeah I know and you know it's if we look back Kevin right even do remember a couple years ago we're all talking that hey we all like the rack right Nostrum lack that was keeping them alive for a bit but guess what I think it's I think a lot of these stores they have problems with the large square footage that they have I mean yeah it's square footage it's you got to sell square footage on a continual basis and that's pretty intense man when you know yeah one of the positive thing that that you can make out of the Nordstrom case right now is where it's at here everything's fully priced in even Barron's came out last Saturday with an article talking about how Nordstrom all the bad news was priced in the Nordstrom well now you're down another 11 from that level so you know this is going to get a little bit but this is turning into a much longer play here in Nordstrom that's for sure yeah there's no doubt some work to do and you know one of the tigers are saying yesterday that when we were actually looking at Nostrum in Macy's he says listen you know I haven't walked into one of those stores for a while but guess what every single week I get something delivered to my house from amazon you know yeah um yeah and I wonder if target is just like positioned correctly you know it's really intriguing right I mean because you know I guess I mean they get a lot of groceries too and I guess people just go to target a lot more for you know everything well I think I think both those big box Walmart and and Nordstrom how they've transitioned into uh grocery as well yeah in the last what four or five years and really have become one-stop shopping for everything you need yeah and they're clean stores those tiger stores are beautiful stores they actually you know what I mean yeah there's no doubt and they've got a little bit of a higher price point than than Walmart so it's just you know it's just a level up in terms of quality and the whole shopping experience I think that's what they go for no doubt listen folks right here 45 minutes from now outstanding show you want to instant options option strategies futures Kevin you have a great one safe when we look forward to showing 45 minutes thanks for having me on guys thanks Kevin stay right there folks Tommy and I coming right back we have it out on 69 Nasdaq is off 21 SPS up seven and a half come right back the Taz profile scanner is the most revolutionary piece of trading software that you will ever try wouldn't you like to approach the markets with confidence as you begin your trading day it's likely that you'll be faced with lots of decisions in order to make the best decision the first thing you'll need is a strategy that will help you minimize your risks whether we're in a bull or bear market a good strategy is to have the tools needed to help you scan and analyze the markets before you trade the Taz profile scanner instantly scans and filters over 2,500 global financial markets such as stocks ETFs commodity futures and forex headed by Steve Dahl president of Taz market profile the Taz profile scanner understands that in today's technological world the use of top flight software applications automated trading algorithms and technical analysis expertise is essential to successful trading in today's market whether you're looking at the trade matrix the ETF heat grid the market breadth the landscape charts or the many other features of the Taz profile scanner this is a piece of software that will revolutionize how you look at the markets and set up your trades the team at Taz has even put together a 12 part video series to walk you through every aspect of the Taz profile scanner which you can find directly on the Taz order page at TFNN.com sign up now for only $97 a month with a risk-free 30-day trial so you have nothing to lose and everything to gain see for yourself how you can harness the full power of the Taz profile scanner by visiting the front page of TFNN.com today and you'll find the Taz profile scanner under the services section remember with a 30-day money back guarantee you have nothing to lose don't let another day pass you by without trying out this amazing piece of software that will revolutionize how you look at the market and how you place trades sign up today many of our new listeners have heard about the Tigers Den the Tigers Den is a lively community where professional traders and investors can meet exchange ideas and information in a comfortable moderated atmosphere hear all of the TFNN shows plus see all the charts as they happen live and have access to archives of all of those charts you can test drive the Tigers Den absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you details on the Tigers Den or on the front page of TFNN.com TFNN has launched our brand new website you can still visit us at the same TFNN.com URL but when you do you'll see a new and improved homepage with a much simpler navigation whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions we even have new pricing in six months and yearly options check out the new TFNN.com now and experience all the upgrades TFNN.com educating investors call now toll free at 1-877-927-6648 internationally at 727-873-7618 44 we get an Aztec off nine S&Ps down five and if we take a look at these S&Ps folks what they have here is you know I suspect we're gonna you get a sideways market slightly lower out here this is going to be the chop here for the next few days you can see that the spread is basically getting smaller every day you know yesterday we had to spread out here from a 46 to 70 a lot in the S&Ps and out here this morning we got them from 48 to 69 well that's actually a lot overnight 458-68 21 points yeah um see it's Wednesday right Memorial Day man coming at us 48 hours yeah they just trail off yeah big time yeah in terms of we already had slethora of earnings numbers we're just talking about with Kevin right in terms of uh and then this we're on trail off with that type of action in terms of economic indicator action towards the week as well let me go to this I want to see this Lowe's number because this is a big number man LOW yeah that is that is a hit right 12 haircut overnight look at that you better be ready for that uh volatility following earnings another ABC down I hope you had some defined risk listening to fast market with Kevin Hinks after our program seriously look at this so it did the ABC down just one day like it just gapped out you know it's 15 bucks off 111 bang and so let's see what they have to say here so okay so they they estimate was $1.33 they made $1.22 the big miss for the quarter and then fiscal year yeah they were looking for six to six ten and they're coming gonna come in at $5.54 to $5.74 yeah that's fully a profit as uh higher cost let's see that's not the one I want just go back yeah just like no back it up uh we take down to maybe yeah I just went uh yeah that's the top one what these are all I just I just ticked down yeah comp sales on that's interesting comp sales the estimate was 3.2 and it did 3.5 yeah and that's a big number if you can grow your comp sales consistently right um pretty wild yeah and toll brothers as we were just talking about toll brothers commitment numbers so they're selling that off to yeah that's a good one to look at so they have net earnings of one billion dollars diluted earnings of buck 31 for the quarter compared with net earnings of 988 and 119 a year ago um sales for this first quarter increase in 2.2 big number 17.7 from 17.4 um they we don't get any of the estimates in here unfortunately we just get a year on your comparison which they're all going to know in but nonetheless man not not they don't like the idea that uh they're not going to be making as much as they want on the earnings front for the quarter and for the fiscal year and that's not even with the tariffs in fact now because that's going to basically push prices up oil could they be could they be factored into the fiscal year though that's probably that's what I just wanted to yeah um all right so it's wednesday we get oil numbers at 10 30 and jump over here take a look at the contract we get some volatility this morning already man check out that run from yesterday right so tuesday early early 6 30 a.m we're up there trading at 63 73 we trade all the way down this morning to almost 62 dollars on two occasions with 6206 and 6207 9 a.m and then we got quite a pop up to 62 80 so trading 62 50 right now we get the numbers in about eight minutes let's see what kind of volatility trades we can look to set up again contract trading at 62 50 ideally we'll be looking for exposure from 62 50 up and down we're gonna have 62 25 for the 11 a.m. all right so if you're bullish that's a nice trade because you got 25 cent to the head start even you know we always pull up both sides of this trade but if you're just bullish this is where you know it's nice when you get your you're decently within the spread right that you're not going to get crushed in all premium as in the contract strain at 62 49 you get into 62 55 and for that five pennies you're paying in premium you get the privilege of risk in 30 to make 120 so risk in 1 to make 4 just for the five pennies right and that's not much of a move either meaning that 63 75 that you could do something like that that's you you have a dollar 30 you have exactly your max profit you have a dollar 20 of maximum profit to the upside which I hear you know that's a good amount it's it's a majority of the time that's going to be most of the move that you get if you get a pop especially by 11 a.m. right so jump to the noons now we have 62 50 all right so this is going to give us the option where right away you have exposure the upside 18 bucks basically all premium because you're right at the contract on the downside it's going to be a similar plus maybe one penny of intrinsic value exactly so 37 now that's a stray volatility trade no directional bias whatsoever you're literally trading at 62 50 to the thousandth of a penny and um it's not bad right if you if you're expecting volatility talking about 38 cents add some commissions in there 40 cents excuse me 40 dollars which is 40 cents in the contract um and you got both sides you got till noon so let's see where these dailies line up so right away all right now this is intriguing we always go over the 8 a.m. versus the dailies which are set kind of the previous night as things open we always want to go for the bigger ones right because they don't charge us usually extra but what happens is they line up at different price points this time so the 8 a.m. is actually lined up perfectly now these noons were a buck 50 exposure these are going to be three dollars and they go till 230 your bullish side 25 cents on the dot which are in at 62 50 you're getting in at 62 74 75 and then the bear side it's going to be pretty identical so it's going to cost you about 50 cents 50 dollars yeah or 50 cents and the new the noons are the ones the only reason i'd say that to think about the 230s as well as you're paying for that two and a half hours from noon to 230 but also there is a chance that oil trades above 64 dollars if you get a big bullish exposure so you're capped out on your profits there at a buck 50 versus you might be able to get two bucks if you really got something going man there's a lot of political uh political just uh turmoil right you know the fundamental turmoil in terms of ships getting attacks infrastructure pipelines getting attacks um having a exposure till 230 with news what if you ever got something like that you know you could see it more than a buck 50 um but yeah because one of them is 40 dollars right one of them is 50 um so you got to make that decision right that's where your directional you know do you want to pay 50 right do you want to pay 50 cents of needed movement to me break even or do you want to pay 40 cents i was going to be interesting here is that so we get this chart up what you're going to see is that June we're still on June let me can i just jump back because that's at 63 we're training at 62 50 what are we looking at here we're looking at July when we're in that so let's go and even i think it's time to move forward on uh yeah you can see the volume drop off that's it let's see oil July you see it well just type july yeah there we go okay oh okay no that's like yeah okay one second well July i don't want to sprint cl not cl in there we go yeah okay so there we go so this one is a little bit delayed even contracts right now trading about 20 pennies below where this is at oh look this is interesting so yeah 60 looks like i can do a little spike here okay interesting watching this dude happens we had a small build yesterday too for the api yes stay right there folks from you know i come right back iPhone numbers 877 92766 for eight we have it out down 32 nasik off eight s&p down four come right back the tfnn memorial day tiger dollar sale is here from now through memorial day you can get up to a 40 bonus on your tiger dollar purchase tiger dollars never expire and can be used for any tfnn good or service whether you're a current subscriber looking to add instant savings or you're a new listener or viewer that is considering signing up for any product in the near future now is a great time to get your tiger dollars and lock in dramatic savings on all tfnn products and services we only have a sale like this a couple times a year so don't let it pass you by tiger dollars are available in three purchase options with a 20 percent 30 percent and even 40 bonus once you purchase your tiger dollars you'll be able to apply them to your tfnn account and then they are automatically used for all your recurring subscriptions going forward making it as easy as possible for all the details on this tiger dollar promotion running through memorial day visit the front page of tfnn.com and get your tiger dollars before this sale passes you by the path of least resistance is david whites daily trading newsletter and if you're looking for active trading ideas then now is a perfect time for a 30 day free trial to this powerful daily trading advisory service david uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter using a combination of equity trades along with options david keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted don't miss out on this great chance to get a 30 day free trial to david's daily newsletter the path of least resistance with no obligation to pay anything david has been delivering solid recommendations for his subscribers recently and if you'd like to see the type of newsletter he delivers every morning then visit the front page of tfnn and you'll find the path of least resistance under trading newsletters for all the details and to start your 30 day free trial today log on to tfnn.com now the art of timing the trade charts has a special running for one week only from now through memorial day you can save 25 percent off your first month and will ship you a hardcover copy of tom o'brien's best-selling book the art of timing the trade the art of timing the trade your ultimate trading mastery system this software package is the fastest easiest and most accurate way to analyze stocks using tom o'brien's trading philosophy it automatically provides you with Gartley and butterfly patterns swing points retracement levels confluence areas expansion targets and the power law vector indicator with just the click of a mouse the scanner searches thousands of stocks each day and delivers a list of every Gartley and butterfly pattern it finds automatically just enter the promo code book at checkout this sale ends memorial day may 27th so don't let it pass you by for all the details and to save 25 percent and get your free book shipped today check out the art of timing the trade charts on the front page of 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 we should do there's the headline crude oil inventories rising 4.74 million barrels api last night we saw i think it was about 2.4 yeah even the whisper number was in the positive but that's a big build compared to what they were looking for and you're gonna expect to drop exactly so we're trading at 62 50 right on the dot right coming in looks like we dropped about 25 cents right off the bat any of those contracts you need more movement than that basically the 11 the noon excuse me like 36 37 38 call it 40 cents a movement right the 230s were about 50 cents a movement but if you're trading volatility you like to see a miss and that would be uh categorized as a miss as in you know for sure a bigger build than they thought we'll see if those prices can get lower um and a building gas as well gas inventory is rising 3.72 and we don't have the gas contract up but cheaper gas prices coming at us that's intriguing because so here's all this is the beginning of the driving season so there we go so median estimate minus 1.7 i thought i had seen that now that might shift sometimes after that api comes out right in terms of the expectation but nonetheless man a surprise gasoline pretty similar surprise positive 3.7 estimate was a decline of 850 pad 1 gas plus 873 distillates an increase as well versus a decline expected and then they break down cushioning had plus 1.2 pad 3 had plus 2.8 look at that refinery utilization that's probably going to come into that gas price refinery down um they were they were looking for more refinery utilization they got less right imagine if there was more how much gasoline would have yeah that's pretty wild then yeah because it's showing that the building gas right right the utilization is down definitely yeah um yeah it's a pretty uh pretty quick move but uh i mean that's a that's quite a drop on gas man 202 to 199 in a heartbeat it's good that's what we need yeah summer driving man memorial day let's go to dollar gas that's right yeah let's go take a look at some of the higher volume equities in this market and you can expect a low volume market out here again today folks so we had a low volume market yesterday um qualco yeah qualcomm's getting hit yeah you talk about filling the gas and watch this this is like pretty intense man i want some volatility man yeah trade some qualcomm seriously look at this okay so you know when it come out and it beat apple yes stock goes from 57 to 71 overnight uh 71 dollars is the gap well guess what we're breaking the gap so now what happens with qualcomm folks you can all go all the way back to its strength which is like pretty insane 57 and it didn't even do it overnight didn't spend like a heartbeat when that news came out and then overnight it opened and made it up to like 85 so they had quite a 24 hour span and huge yeah a little bit too excited i guess and that that has to do with i guess you know i was listening to bloomberg they had some good analysis i don't know if you're listening this morning and talking about that yeah you know they beat apple everyone said oh that's the end of everything and if you're really paying attention apple made a deal right they might not have won that or lost that case and that's kind of what basically is the gist of that they're still dealing with some patent claims right that they might not um succeed in being the beneficiary of the victory in that one once you start anti-trust and that's what they're that's the the ruling small yeah that's you know saying that they're using those patents as a you know um stifling competition etc and and that might be the case and when apple came out it was discussed that apple might have been able to win that case or something like that but they they didn't want to go to war yeah with with the company that they needed and take years and apple just said to heck with that that's right and yeah so we have uh tesla down another uh let's see five bucks here but i think it was up uh tesla oh yeah because it's at 199 so it's up seven yesterday yeah so this is building more cars folks it's not going to ten bucks yet oh man i'm telling you this is this is trouble in paradise for tesla be careful if you're a tesla bull and and i i have nothing but respect real i'm asking this genius but um this is a different deal when you're talking about a production company that's already priced to be worth can we just see what is tesla the market cap right now it's still mammoth you know i mean that's what you have to keep in mind is that it's just a mammoth company at this stage still 35 billion dollar company um that has so much debt can't make a profit so where's that 35 billion dollars gonna come from um yeah GM's 52 billion that's that makes no sense yeah i mean that's that's what people are looking at two folks and that was talked about a lot the moment that tesla climbed above them which is probably a couple years ago now and even even then everybody else said whoa whoa like yeah we know they're the future but they're not bigger than GM GM can flip the switch on electronic electric cars right now and guess what they are right and GM takes in 146 billion and look at the profit yeah you know um big numbers versus what is what is tesla i'm almost afraid to uh to see their revenue numbers compared to yeah yeah you know this is a big column this i wouldn't believe for a heartbeat takes in six times the amount six times the amount and they make a profit and again i wouldn't believe that tesla is going to be churning that type of a profit in 2020 yeah i mean all i hear about is that oh it's so great that they you know uh raise some more money through a debt offering well that's great until you can't raise any more money through a debt offering there's there's no doubt about that man oh and pound huh yeah let's go look at that talk about volatility because uh they're going south over there and be careful being along the pound just like being long tesla right now but no yeah i mean three months ago we make that something may happen 133 you're at 126 and the bottom of this is this uh 126 16 what no one you know 124 okay yeah um and the pound is saying it all man you know there may be a hard Brexit in the books and that's the thing that the pound worried about most and uh and if this thing breaks that uh 124 then guess what is that 118 oh my god yeah it's 118 over there yeah so there's some real uh there are some real problem child's here let's go to uh john and philly hey john what's going on brother good morning tom and tommy thanks for taking the call morning john's to call him and appreciate it say uh tom you want to get right to it uh you do a fine work on uh guiding us through currencies tom um the dollar index dxy i think that that'd be uh as useful as anything to ask the question about uh the dollar index is that there's no volatility in it in other words it's not moving much but it is pressing highs and my question tom is do you have any reason you can share with us on why you'd expect if you if you can conjure up the rationale for the the dixie the dollar index to start actually moving and if it does start moving if it's likely to extend and surge higher or alternatively reverse lower i'd appreciate your thoughts on that matter please yeah so you know i'm going to use the dollar index just because there's there's volume in it versus the dxy you know i heard larry this morning like you know like you know if if we break these eyes what can we do my take is that this has been having a tough time getting there number one and we're just in a range and i don't see any big movement happening you know what i mean you know what we had to happen yesterday is that you know you get an expansion of a 14 000 that's still not enough going into this high my take is that the high is going to get tested though you know but i think this range is we're here for this range and this range we've been in since last october and you know because each time we we get up there dies in the vine each time that we pull back it dies in the vine and if we go over just the correlation on the euro you're going to see the euro bottom line um each time it comes down to these levels it wants to pop again now the euro we're at 111 62 that has to get back inside 111 77 but i don't see any real violent moves happening there just don't see it thank you very much Tom have a great one man have a safe one stay right there folks tell me now you're coming right back we get the dial industry is down 80 nazik off 26 sbs off eight and a half if you're in the cd market and looking for a secure investment the tiger first mortgage program may work for you the security for these first mortgages are building lots in the tax opportunity zone in st petersburg the tax act of 2018 set up tax free zones across the country where you can build and hold for 10 years and pay no tax on the profits which makes these lots valuable the investment is anywhere from 30 000 to 75 000 the interest paid is 7% yearly paid on a monthly basis according to bankrate.com the best rate for a four-year cd in the country as of february 20th is 3.1 a 50 000 investment at a normal four-year cd rate of 3.1 would give you income of 1550 per year or 6200 over the four-year period that same $50 000 investment in the tiger first mortgage program would give you 3500 per year or 14 000 over the four years what should you prefer 6200 or 14 000 of interest on your investment if you would like more information about the tiger first mortgage program you can call me at 877-518-9190 that's 877-518-9190 if you haven't checked out the newsletters page of tfnn.com what are you waiting for all of the tfnn newsletters are informative up-to-date affordable and must have for every trader looking to gain a competitive informational edge in today's markets tfnn newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk-free for 30 days from all aspects of the markets including stocks bonds metals commodities and tech there's a newsletter to fit your needs exclusively from tfnn stay informed each day you trade and get the competitive edge that will help you stay ahead of the game visit our newsletters page by going to tfnn.com and click the newsletters button near the top of the page tfnn.com educating investors biotech is booming but for how long whether you think the biotech bull has room to run or has run its course trade labu or labd directions daily s and p biotech three times bull and bear ETFs visit directioninvestments.com slash biotech 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 866-476-7523 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 principle the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services LLC don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com and hit watch tiger tv that's tfnn.com and hit watch tiger tv for the latest market information it's now 71 now it's it's off 25 s and p's off eight and a half let's go over to our man it's the teddy cake stack as we do each and every wednesday at faulty past the hour you can reach teddy every trading day folks at 4x-trading-unlock.com that's 4x-trading-unlock.com teddy cake stack what's going on brother i'll tell you what's going on the rain is stopped in chicago and it's going to be 80 degrees and sunny that's a beautiful thing ready for the three-day weekend perfect that's absolutely that's good enough speaking of beautiful days in spring uh how about let's talk about the forex markets and see what's going to happen as we start the summer markets next week okay i always say that we should never try and pick a bottom or a top no traders should but and why not let's see if we can call a little bottom and the top and the dollar right now i'm going to give you a couple reasons why as we head into these holiday markets okay cool all right dollar index obviously everyone knows is a big bull right now correct yeah now where is the strength where is the weakness now the weakness is already showing a little signs in the like today the yet us dollar yen and trade is going to be very critical if they have a negative close today and especially a negative close tomorrow and you're probably going to see a nice little turn as far as the us dollar yen meaning a weakening dollar okay the same is also going to happen for the canada which is already showing signs of weakness for the dollar as far as that's concerned and then the key one to look at is the swiss that's really been pounding the dollar for the past few weeks actually it really is it's looking like it really wants to challenge and test the the parity level okay which is very very significant okay now the reason i bring out these is there's the converse where is the weakness really where the dollar gets strength right out there that would be in the new zealand dollar the australian dollar which are lesser majors so the dollar is just pounding those currencies okay and then we have the british pound which has been under pressure now for a couple weeks but some really good news came out yesterday um teresa may put a warning down because the the labor party wants her to resign and blah blah blah so whatever she said yesterday actually started to float the markets in london and they like that so today even though the pound is lower it's off of its lows and it doesn't seem like it wants to test those lows or make newer move lows today so i would say that with that being said if the sprags that thing really means that they're going to come to the table now which this seems like what happened yesterday means that's going to happen you're going to see a corrective move in the pound dollar so that means that the dollar is going to is going to start to lose some ground once again in the index because the pound is one of the heaviest waiting currencies okay so now this does scenario does happen over the next couple days meaning the pound rally is into the weekend yeah the swiss continues to break and the euro this is the one that is kind of like the the the head scratcher because it's been basically in a range trade and probably will stay range bound between 111 and 112 half throughout this whole commotion but maybe the way it's looking today is that it's probably going to actually those bulls are going to get a little momentum and that's where i think these markets are starting to signal a potential turn which means over the next couple days if these markets set up properly buying and selling versus the dollar for the right moves next week may begin the beginning of an erosion of the dollar index now will it be a big move i'm not calling for a big top in the u.s dollar all i'm saying is we might have a nice chance to get a corrective move going over the next couple weeks man there's a lot of moving pots that was really awesome right that was awesome seriously man so the you know any any equity markets steady you know it's not the thing slow down you can get volatility in the summer but normally get a couple spikes currency markets how do they act in the summer in summertime you know the funny thing is it's a really good question summertime lots of people go on vacation now in america even if people have two three weeks off god bless them if they actually do go away and do something right but globally things are totally different especially in europe so you start to see a lot of vacuum moves where volume is skittish because a lot of traders on holiday you know and they're not gone for a weekend or a week yeah they get like six weeks off or something right yeah yes right so in that case i think over the next few months especially and of course obviously the currencies will drive us just missed him yeah thank you you know i would say that over the next few months it's probably gonna be a little volatile because of vacuum moves except for out of the uk trade i would say a lot of uk traders which london is one of the is the currency capital really of the world yes that would probably see you know a lot of action and volatility no summer allowed for anybody trading the pounds no that's what you better man if that's actually what you do yeah i mean this you can't be away from that computer right now yeah yeah now you know where it may be a sleepy summer trade is the euro because brexit obviously is one of their issues but there's there's no upside traction for the euro so like when i say like this turn in the dollar that doesn't mean there's strength in these other currencies right just means like there's nothing to lift the euro as far as positive news so a slide in the dollar would be the only thing to give them a lift you know i'm saying yes so they're probably range bound the canada's probably really a range bound trade the swiss is something to really key off especially if it can slide below parity you know but like i said this is a corrective move i'm looking for i'm not looking for a turn in the us dollar at all by any means yeah you know i get the canadian dollar up right now i can see that you know you that rejected the you know lower price at that 133 today at 134 that's interesting man yeah man there's a lot of moving pieces in this baby there's no doubt there is you know we're coming we're coming into the you know the turn you know the spring is not over for another month for all of us but the markets we all know that memorial day in the us typically is the you know it's we're spring and summer markets are separated listen i there's no doubt you are you're in the epicenter of the the trading commodities and futures in general and i'm sure that we've been talking to kevin hanks everyone can't wait to get out of the city for the weekend especially if it's gonna be 80 degrees and suddenly right yeah oh and you hit the nail on the head too especially for chicago traders today and tomorrow and the other last days friday's they're not they're not downtown unless they have to be they're gone right all right and i suspect even tomorrow afternoon right i was gonna split they're gonna get that open going yeah beat the traffic wherever you're going and you know what especially in chicagoland we've had such cold and bad weather and we're looking at 80 degrees today and mid to 70s to 80s over the next four days even with the rain no one cares everyone's going out that's awesome they're going out right now yeah gonna be out at lunch let's go cancel the next two days no seriously i've seen these exchanges folks this is pretty cool how this works there's plenty of you know great restaurants and because they haven't been outside yet there's a lot of outside places show me jam today right teddy i mean that that's it actually going downtown today by the border strain i'm looking forward to having a late lunch actually outside of series so that's so funny that's the late lunch that's the deal i know that place well man perfect and that's a great place it all that's exactly what i was thinking that that and when you see this place will be jammed man i mean yeah i'm for sure okay well listen man you have a great weekend a safe weekend we always appreciate the education and uh man these currencies they're they're at turning points again you gotta love it man i mean pretty wild yeah you guys have a good week thanks for having me thanks teddy you too and folks every trading day you can to check out teddy a teddy a teddy at forex dash on trading dash unlock dot com so it's forex dash trading dash unlock dot com tell me i come right back we have the down industrials down 66 nasdaq is off 18 s and p's are off six and that oil uh oil oil getting smoked out there folks it sure is look at that 61 88 we're down a solid 75 pennies on that surprise build so we'll see yeah come right back i'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets i'm steve rhodes author of mastering probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the s and p 500 for the last 12 six and three months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and i'll teach you the exact set of tools that i use that has transformed me into one of the best at what i do sign up for mastering probability today by clicking on the newsletter tab on the homepage of tfn.com and get immediate access to workshops where i take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today it's amazing to think that tom o brian started his weekly gold report 17 years ago with the first issue published april 7th 2002 when gold was trading at under 300 per ounce gold peaked at more than 1900 dollars in 2011 and after spending many years consolidating at lower prices gold may be poised for its next big run tom o brian publishes his weekly gold report every monday morning for subscribers consisting of coverage of the xa u h ui gdx the dollar bonds south african rand as well as 25 different mining equities with specific buy sell recommendations as of april 1st of this year the gold report currently has eight active positions with an average unrealized profit of almost 8 for each open trade new subscribers get a 30 day money back guarantee so you have nothing to risk for all the details and to start your gold report subscription today visit the front page of tfn.com don't let gold's next big run pass you by sign up today since 1984 basal Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s basal noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later basal found that computer software which included the standard market technical indicators enhanced the degree of accuracy in calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators basal Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call basal's daily trading newsletter by visiting the front page of tfn.com cancel at any time during that trial and pay absolutely nothing get your two week free trial to basal's newsletter the opening call today by visiting tfn.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 tfn.com in 74 nazi got 22 s and p's of seven and a half it's snowing in pox city we're getting another weather forecast in the den it's always been an exciting one man you gotta love it between teddy at 80 degrees and snow out there in denver yeah uh so tiger doll that's right man speaking of that long weekend with teddy it's coming at us it's wednesday before you get out of there for the long weekend tiger dollar sale get up to a 40 bonus runs through monday we only run this a couple times a year there's your tiger dollars you click right on that button brings you over here three options whether it's 500 a thousand 1500 tiger dollars you get a 100 300 or 600 tiger dollar bonus 40 bonus and tiger dollars never expire you can use them for anything that we offer and then what else we have going on there on the front page of tfnn that's right the art of time in the trade charts uh we'll ship a free copy of your book the art of time in the trade your ultimate trading mastery system and you save 25 for that one you just enter the promo code book as you check out so get your tiger dollars that's one of the items you can use it right on save almost 20 on that first month get a free book and uh right on that order page four time in the trade charts you'll see click here for educational videos right as you scroll down and uh some great videos just in terms of what you can do with that software the types of that's right the garthly's the butterflies the abc's the power law vector dave's got in there swing points retracement stock lists garthly scans check that out that one runs through monday as well so i encourage it tiger dollars are the time in the trade charts both on the front page at tfnn man those abc structures are everywhere and just checking back one more for 6192 so we needed 40 to 50 cents a movement we're at 60 cents right now um we'll see if it can hold but yeah some volatility cheaper gas prices as well yeah for that memorial day weekend and uh go over to the gold contract just quickly here so gold held yesterday i want to see gold involved the actual uh 1279 or 1274 we're done you got it yeah all right take care folks larry